diff --git "a/reddit_finance_43_250k_370.txt" "b/reddit_finance_43_250k_370.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_370.txt" @@ -0,0 +1,10000 @@ +EDIT: In our state we would have to actively work under a principal broker for 3yrs before applying for our own principal broker license. +So, in 2018 I paid about $100/sf($895,000)for a 9 unit property near a downtown midwestern city of about 300,000 people. At the time it was generating about $9800 a month in rent. Over 4 years and with lots of my own time and $100,000 in cash reinvestment I have increased that to $12,000 per month. The property is now easy to rent and takes a reasonable amount of my time to manage each month. + +Half a block away a newly listed 4 unit property with around 4700sf is priced at $1,200,000 with gross monthly rents of $5000. The listing says $257/sf. + +By my math, all other factors being left aside for a moment.... That is roughly 250% more per SF and a bit more than half the gross rent per month, meaning a 500% increase in cost per dollar earned vs my original property. + +The realtor, who likely knows this new property is aggressively overpriced, says that is the "reality of the market" in our area right now and believes the rents could be increased to $8000 if properly marketed to new tenants. + +I know that $8000 is barely enough to pay the commercial loan payment on the property if I use the same terms I have from 2018. + +Have you seen this kind of "really bad investment opportunity" marketed as reality where you are? Or is this really where we are at in Urban areas which have seen significant increase in rents/sales? + +I appreciate your opinions! + +I’m pretty small time, moving out of current place in a couple months to rent it while I buy my next, but I’m thinking about the following. For every property have 3 accounts. + +1. Checking Account for regular cash inflow/outflow + Used for collecting rents and making payments (Mortgage, HOA, insurance) + +2. Strictly for Security deposit (still have to look up the requirements for my state, but I am aware that they are there) + +3. Savings account of a percentage of cash flow for long term maintenance/Capex + +Anything remaining would then be transferred to my personal account. Or id open a new account where all REI profit would be saved towards new down payments. I plan to scale as hard as I can early on while I’m able/used to keeping expenses low. + +Only 20 years old and my current monthly expenses are at maximum 500/month not including car payments. + + +I know this would be a lot of accounts once i start to acquire properties, but I figure I’ll be able to combine/categorize certain properties once I am above the 3-4 range. +Anyone who has spent much time in the sub knows of my disdain for realtors. I get it...one out of one hundred of you may actually have a bit of common sense and one out of a thousand may actually know a bit about real estate investing. You are the exception and I respect you for that. However I'm going to share the latest in a long history and significant sample size of the "real estate professionals" it has been my displeasure to deal with. + +At the end of 2017 I decided to sell a property I had a lease option on. A contract for option to be exact. I notified the Trustee of my intent to execute a purchase of the home and began marketing it for sale. Now I really didn't want to sell it but with the market nearing the top I figured why not see if it would sell. + +**Important Notes:** In Florida if your Option Consideration is a certain percentage of the option price and you make the lease payment for a minimum of 12 months this gives you an interest in the property as such that a foreclosure is necessary to get you out as opposed to an eviction. + +In this instance my option consideration of $5,000 met the first criteria and I had rented this property out for over twelve months which gave me an equitable interest in the property. + +**Story Continuation** + +I do a flat fee listing with a broker I know and handle all of the calls. I offer a 4% commission on sale of the home. One agent makes an offer roughly $5,000 less than another offer we have and I ignore his email. + +24-hours go by and he texts me complaining that the Seller hasn't countered. I reply, "Not interested." + +His reply, "Well that is a top of the market offer." I mention that he may want to do a bit more research as to his market as we have an offer that is higher. + +24-hours go by and the agent increases his offer. Now I wasn't going to go with the offer that I referenced because they wanted a bunch of contingencies which we were not going to agree to. This house was more of a rent ready home than a retail ready home and as mentioned I was only listing it on the chance that someone offered to buy as is. + +So we tell the "top of market agent" we'll go under contract with you but understand that the sale is as-is. We aren't updating or changing anything. The agent acknowledges he understands and I have the Trustee sign the contract. + +The agent then sends me an email that says, I kid you not, "I got this Buyer as a lead from USAA and I have to pay a percentage of my commission as a fee to them. Can you change the 4% fee structure to a 3% plus a 1% bonus so I don't have to pay them the full fee? + +Now I've already decided this realtor is a Dbag. However now he is asking me to assist him in defrauding his lead source? I politely decline. + +All of a sudden the agent emails me, "You aren't the owner, you can't sell the property, I want to talk to the owner." I explain to the agent that I have an equitable interest in the property, does he not understand what that means? "I want to speak to the owner. I can't speak to you, you aren't a licensed agent." Facepalm. + +Luckily the Trustee is a friend of mine and, while not nearly as anti-realtor as I am, he doesn't enjoy having to deal with them. He agrees to talk to the realtor. He emails me about a day later and shares that not only did he have to explain to the realtor what a Trustee was and that as Trustee he was the Owner of Title. He also had to explain I had a legal interest in the property that allowed me to sell it and that the Realtor asked him to change the commission structure. + +It gets better. I get an email from my friend the Broker who listed this property for me asking if I approved a change to the commission structure. Apparently our friend the realtor emailed him asking for a change in the commission structure in attempt to circumvent us saying no. + +Eventually the Buyer has the property inspected and comes back with a list of items they want fixed/updated. I say, "No thank you. This is an as-is sale." The realtor asks for an extension of the contract as it is now at the end of the due diligence period. We say no. Realtor gets butt hurt and writes us a snarky email. We thank him for his expertise and wish him well. + +The end...just kidding! + +So that all took place at the end of 2017 in December. I end up executing the option and officially purchasing the home in Spring. In March of this year I receive an official package from the DBPR which is the Florida Department of Business and Professional Regulation. This clown, who was attempting to defraud his lead source, reported me for being an unlicensed real estate agent. + +While he supplied the DBPR with communications between us he did not supply all of the communications which of course left out him attempting to defraud his lead source, left out where both the Trustee and I notified him of my equitable interest in the property and all of the other basic information that conclusively proved my ability to sell the property. + +So I had to take the time to scan a fair amount of legal documents, pay my attorney to write the DBPR a nice letter showing my position and, in the end, I was exonerated because, well, I know what the heck I'm doing. Unlike some real estate "professional" who has been in the business for ten years. This is what happens when the qualifications to be a nail tech are greater than that to get your real estate license. + +I only mention this story because I'm finally getting around to filing an official complaint with this clown. Typically I'm fairly laid back and would just let this go but what I was accused of doing is a felony in our state and this jerk could have had a severely negative impact on my life because of his lack of basic real estate knowledge. + +An important takeaway from this kids (Apart from the fact that 99% of realtors don't know jack about real estate investing): The extreme importance of understanding the law in your state and making certain your paperwork is on point. + + +I have a house for rent and I don't want to be going every time someone wants to look at the house. I have seen that some rental house listings mention that people can simply go to the house with a code. How does this work exactly? Like how would I avoid theft (e.g. of appliances) if I simply allow people to enter the house without being there? +I have been doing some reading and have noticed a pattern. It seems like owners of multiple rentals seem to keep loans on them instead of paying them off. I’m always kind of shocked to see higher property numbers with lower cash flow simply for the fact that a mortgage has to be paid every month leaving a smaller overhead. + +Is there any sort of benefit to keeping loans around? Wouldn’t it be better to make $2000 off of a property instead of $200? + +Also please forgive my ignorance in the matter, I’m still doing research on it so I would love to read some candid input. (I also apologize if this is a common question, I’m new to this sub as well) +Before purchasing this duplex I want to make sure I can actually afford it. + +I currently have $170k money saved. + +Duplex cost $400.000 +I can rent it for $2800 both units per month. +I haven't decide how much to put down for it, I'm thinking 15% but not sure yet. +My monthly income for me and my wife is 7k. + +Let me know if I should jump on it. +When I was young I had an SBI account which charged me on my ATM card annually around 150₹ and had SMS charge 60₹ quarterly. I was young and had no income. I saved around 10k and kept in the bank. The charges annually was around 390 and my annual interest was 375 since interest rate was 3.75% so I actually lost money by keeping money on bank. I closed my account and started saving money at home. + +When i saved around 50k i realised it is not wise to keep it at home. Then I found that hdfc has a special customer feature that doesn't charge anything. +So basically no SMS charge, no ATM cards charges etc. And till date I enjoy hdfc. +Recently I am having issues with their employees, apparently everyone is a relationship manager , or manager of some sort. And if you go to them trying to solve an isuue with your account , they will solve your issue and in return will take 30 minutes to present you with their best term plan or scheme. +You try to go deposit money , their cashier/ teller will try to pitch you a RD account or a FD. I am fed up. +I am looking for other options. +My wife was wrongfully terminated last year. Her company owed her a five figure sum of money, and after we kept asking for it for months, instead of paying they fired her and offered her about 20% of what they owed her. If we were living pay check to pay check we probably would have had to just take it and that was what they were probably banking on. + +Thankfully for us we had a 6 month cushion. So we refused. Hired a lawyer and sued. 2 months after they fired her she started a new job with a much better, more reputable company, we only had to draw down our fund by about 20%, unemployment insurance and cutting back on spending took care of the rest. 9 months later they are about to write us a check for the full amount, and we'll be using it to pay off a couple of student loans. + +Reason # 105932309 to have an emergency fund, liquid, ready to be used any time you have an emergency. +What is your best case against ETH? I believe in this project and will hold to the very bottom. But I'm curious, there has to be a case against ETH's future success. A wise investor listens to both sides, so why not come to the community that cares about this project the most. You can give me anything; price trajectory, TA, developer feedback, etc. Thanks for always being a (mostly) positive community. I'm glad I found you guys back in 2016. +Vitalik Tweeted out this : + +https://twitter.com/VitalikButerin/status/911219327247904768 + +Which is plastered on the front page as 'a donation to charity'. However, it was actually a mix. A possible donation to charity OR 'something of a slush fund for future developments' (this part is confusing). + +Which is in response to this : + +https://www.coindesk.com/raiden-ico-ethereum-scaling-solution-launch-publicly-traded-token/ + +The RAIDEN ICO + +> But, why would users buy the token? + +> Due to its design, the Raiden Network will likely cost fees. For one, Raiden requires that users "watch" their payment channels for a certain period of time to make sure funds aren't stolen. The team said the current plan is to hold a "uniform price Dutch auction," meaning the price of the tokens would decline in cost over the course of the sale. + +The Users of /r/Ethereum responded with this : + +> You are risking your integrity for a fast cash grab. + +--- + +# So now it's getting really confusing. + +What I think is happening is that Vitalik is offering to do a private Sponsorship of the Raiden development team of $35 Million IF they refuse to do an ICO. If they continue, he will donate to charity. + +The users of Ethereum think that the Raiden ICO will add unnecessary fees, profit incentives, and a competing block chain to the market place (presumably reducing Ethereum value, they suspect). + +Likewise, if Raiden does the ICO, Vitalik may just spend $35 Million (sorry, these topics are so ad hoc and confusing, this number is likely incorrect) to start a competing similar product, but which is 'free' (this part is unclear). + +So what are your thoughts, and what does this all fucking mean? K thanks :) +A note from "the Idiot". + +Thanks to my cousin for sharing my story (https://www.reddit.com/r/ethereum/comments/77myzu/please_help_21000_eth_stolen_1hr_ago_live/) with the community a day or so ago. Having read a lot of the comments on here I felt the need to add my side of the story. I am just a normal average guy with a normal job who earns a modest wage (somehow the internet manages to make out that everybody with out a name to be a massive Tw$T... but I'm pretty normal really). I was by no means an early entrant to crypto and most of my buy in from FIAT was done at a fairly peak time around mid June 2017, meaning actually there wasn't much of a difference between the eth/usd price between then and now. The reason I invested in ETH was because having looked at the investment opportunities around me, and having made around 4 percent over 2 years via the banks, from all the research I did surrounding ETH it really felt like a no brainer to move my savings into Crypto. + +Enough of a sob story, I am fully aware that the balance is now gone and there is little to NO chance I'll ever get it back. I am also aware that I am fully accountable for what has happened to me, it was my fault and mine alone for not being diligent enough with checking the URL. + +However unbelievable it may sound and no matter how STUPID I've been to allow this to happen, I actually see my self as being fairly secure online, I have accounts with most major exchanges, bought and sold small amounts of BTC via localbitcoin.com, coinbase, etc, and managed to navigate most of the crypto front end without too much hassle. Ironically security had been on my mind and I purchased a Ledger Nano S several weeks back (yeah I know), but there was a bit of a backlog and it had yet to arrive. + +Having taken a day to reflect and try and absorb what has happened to me, I do understand a lot of the name calling and berating, not that its ever enjoyable but I get it. I was an idiot. Believe me I have learnt it in the hardest possible way and will check the fucking URL for the rest of my life. + +One thing that I don't agree with is the idea of equating the situation as some kind of "fair price to pay for not checking the URL". The idea that a moment of carelessness somehow justify the loss of a family's life savings is hard to swallow. That is why I would like to reach out to the community to see if there is anything that can be done to catch these bastards and stop it happening again. There must be some way to track them down through the website. + +Does anyone know of any community effort to catch the MyEtherWallet scammers, I'd love to get involved if there is such a thing. I'm sure there would be lots of interest in supporting such a movement, either with resource and/or funding? A side note here, and i know its a long shot, but Id happily share a good % of any recvered ETH with any one that can help track down the perpetrators. + +Surely "just check the URL" is not the answer here, it won't help promote crypto as an alternative to FIAT. I can see the attackers wallet has had many more transactions arriving so its clearly still happening. Surely blaming the victims (how ever stupid we may be) isn't the only answer here and comments like: + +"This wasn't robbery. This is Darwinism taking money from people who shouldn't have it and giving it to people who should." + +...don't provide a solution. I have taken money that I used to give to the banks and placed it in ETH, and I will continue to do so because I believe in the value crypto brings the world, and I hope the world will soon follow suit, but they can't if its that easy to lose everything... cause guess what, sometimes we are that stupid. + +A slightly more practical question to put out to the community. + +As a result of my loss I have several obligations I need to meet pretty much immediately. I was holding other "non-technical" people's savings in ETH for them. I had actually managed to talk them into it being a great idea. + +So I need to make money fast, I'd like to ask opinion on taking more money from the banks to invest in crypto in order to meet my obligations. Please try and avoid answers like "not with someone with your level of ignorance or stupidity". I have learned my (very expensive) lesson. + +Thanks for listening. Ease up on the personal insults (or not :-) ). Remember on the flip side of every "idiot got hacked" story, there's probably a guy trying to figure out how to tell his wife he lost their savings. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +We hit an ATH of 30 mil MC today! + +Baby XRP is a Tribute to the entire XRP Community! This is a long-term project - Let's HODL together! + +The Developers are hosting a LIVE 1+ Hour AMA Session Saturday, July 17th at 5 pm ET | 9 pm UTC + +Join us in voice chat on TG: [https://t.me/OfficialBabyXRP](https://t.me/OfficialBabyXRP) + +&#x200B; + +Bring all your questions to the table! + +We'll Discuss: + +\- XRP Rewards Distributed to Holders (who, what, when, where) + +\- Marketing and Advertising Initiatives Current and Future Plans! + +\- Ask us Anything! + +Look forward to seeing you all! + +&#x200B; + +BabyXRP (Tokenomics): + +⚡️2% Burn + +Baby XRP is a deflationary coin, meaning that as time goes on the total supply will reduce. 2% of every transaction will be sent to a dead wallet being burned from the total supply forever, increasing the value of the remaining tokens + +💰 Marketing + +5% of every transaction will be sent to the marketing wallet, to be spent on future marketing and advertising, to ensure that we will continue to attract new investors and holders. + +Liquidity + +⚖️ 5% of every transaction will be sent directly to the liquidity of the coin itself, This ensures that the Liquidity keeps a healthy ratio in comparison with every holder and Marketplace. + +Ripple Effect.. XRP Rewards + +🔥 RECEIVE XRP REWARDS FOR HOLDING BABY XRP! + +Every 3 days all DIAMOND hand holders will receive XRP Rewards airdropped to their wallet based on the percentage of their holdings of the total supply. + +USEFUL LINKS: + +🌐 Website - [https://www.babyxrp.org](https://www.babyxrp.org/) + +🤯 CMC COMING SOON! Any DAY! + +🦎 CoinGecko - [https://www.coingecko.com/en/coins/babyxrp](https://www.coingecko.com/en/coins/babyxrp) + +🐦 Twitter - [https://twitter.com/officialbabyxrp](https://twitter.com/officialbabyxrp) + +🏛 Telegram - [https://t.me/OfficialBabyXRP](https://t.me/OfficialBabyXRP) + +💸 How to buy - Packcakeswap - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8beAbaa4f025D00B4699d56a683758d692d17F20](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8beAbaa4f025D00B4699d56a683758d692d17F20) + +📊 BULLISH CHART - [https://charts.bogged.finance/?token=0x8beAbaa4f025D00B4699d56a683758d692d17F20](https://charts.bogged.finance/?token=0x8beAbaa4f025D00B4699d56a683758d692d17F20) +As the title says I worked at one of those places. For obvious reasons, I will not mention names. + +The shop I worked for was one of the cleaner shops in the industry, but that is not saying much. The shop I worked for *might* not have broken any laws, but there practices were not ethical. They had commissioned sales people running the company who did not really know the product they were selling. They were careful not make outright lies to the clients they signed up, but they certainly took advantage of the clients' ignorance, fears, and greed. + +Even in the cleaner shops, the major draw backs to signing up for a resolution company are (1) they charge too much, (2) almost all the people they sign up end up paying every cent they owe in tax plus more penalties and more interest, (3) for many, they could have done everything themselves, and (4) they are driven by sales and marketing people, not professionals. + +Most people sign up for these services hoping to have their balances "negotiated." THERE IS NO NEGOTIATION WITH THE IRS! The IRS (and some states) have an offer in compromise program where they will settle a tax debt for the fraction owed. However, very few delinquent taxpayers qualify. Chances are if you could afford to pay some resolution company $4000 or more, you do not qualify for that program. + +Even if you might qualify for the Offer in Compromise program, the resolution firm you sign up with might not file the offer in compromise. These firms work on high volume and the attorney working on your case (who by the way is not your attorney, but the company's attorney), has a a heavy case load and is often getting bonuses to churn out clients as quick as possible. An offer in compromise application can take several months, while other arrangements take less time. So "your" attorney may not file that offer in compromise because it prevents them from churning out inventory. + +So if you do think you need help with your taxes, the first place to go would be your Low Income Tax Clinic (LITC). This is a program for indigent tax payers to get pro bono help. If you do not qualify for the LITC, hire a Law Firm that will charge you by the hour. It will be much cheaper to pay a lawyer for an hour or two to look at your case and tell you to pay up than to hire a resolution company. Also, a Law Firm is better able to handle the complicated tax issues that require help. + +In a world where negative yields are deemed acceptable by some, why are these EM bonds so out of favour. They are currently yielding almost [12%](http://au.investing.com/rates-bonds/brazil-10-year-bond-yield). What are your thoughts? + + +(I'd also like to give a shoutout to the [hexwick](http://hexwick.com/) finance Slack channel. I joined last week and it's pretty lonely at the moment, maybe we can change that!) +[IN THIS POST I DESCRIBED HOW TO FIND THIS INFORMATION.](https://www.reddit.com/r/wallstreetbets/comments/l7fn7b/a_brief_introduction_to_understanding_short/) + +**HERE IS THE SHORTING AND BORROWING DATA FOR EVERY STOCK ABOVE 30% SHORTED.** + +*NOTE: THIS IS ENTIRELY BASED ON INFORMATION FROM THE WEBSITES LINKED IN THE PREVIOUS POST. IT COULD BE COMPLETELY WRONG AND/OR OUTDATED. I AM NOT A DENTIST. THIS IS NOT DENTAL ADVICE.* + +(DATA AS OF LIKE MIDNIGHT THURSDAY OR SOMETHING) + +* **STOCKS WITH HIGH SHORT FLOAT HAVE A HIGHER PERCENT OF SHARES SHORTED.** +* **SHORT RATIO IS THE RATIO BETWEEN SHORTED STOCKS AND AVERAGE VOLUME (IE DAYS TO COVER)** +* **STOCKS WITH HIGH BORROWING RATE ARE EXPENSIVE TO BORROW OVER TIME. DAILY COST = (STOCK PRICE)(BORROW RATE)(# of Shares)/365** + * **THIS DOES NOT INCLUDE INTEREST. BORROWING RATE CHANGES BASED ON VALUE, DEMAND, AND AVAILABLE INVENTORY** + * **BORROWING RATE CAN SHOW HOW TIGHT THE MARKET FOR THE STOCK IS, AND MAY BE A BETTER INDICATOR OF SHORT INTEREST** +* **AVAILABLE SHARES MEANS THE NUMBER OF SHARES AVAIBLE TO SHORT, NOT SHARES AVAILABLE TO BUY!** + +**BORROWING RATE CAN SHOW HOW TIGHT THE MARKET FOR THE STOCK IS, AND MAY BE A BETTER INDICATOR OF SHORT INTEREST** + +|Ticker|Float Short|Short Ratio (Days to cover)|Borrowing Rate (%)|Available shares| +|:-|:-|:-|:-|:-| +|GME|121|2.41|32.8|75000| +|ATUS|76|8.63|0.3|1000000| +|NAKD|75|0.17|22.5|400000| +|FUBO|75|2.04|0.6|1600000| +|XL|72|0.71|20.7|95000| +|GOEV|66|2.23|50.2|100| +|WB|66|6.55|0.4|450000| +|LGND|65|22.27|2.3|100000| +|BBBY|65|5.55|1.3|950000| +|FIZZ|62|15.81|1.9|75000| +|SPWR|57|5.19|1.4|350000| +|AMCX|56|11.18|1.8|800000| +|UTZ|55|4.29|0.5|1300000| +|MAC|52|10.75|9.8|2100000| +|SKT|52|13.29|5.6|20000| +|TLRY|51|1.22|18.8|650000| +|GSX|50|11.97|0.5|1700000| +|REV|48|1.83|45.2|100000| +|TDAC|47|0.78|2.7|200000| + +**STOCKS WITH A HIGH BORROW RATE FOR SHORT-SELLERS (ABOVE \~20%)** + +|Ticker|Float Short|Short Ratio|Borrowing Rate|Available shares| +|:-|:-|:-|:-|:-| +|VIVE|40|0.99|52.5|60000| +|GOEV|66|2.23|50.2|100| +|AYRO|34|0.51|45.3|400000| +|REV|48|1.83|45.2|100000| +|VXRT|34|3.26|38.4|750000| +|GME|121|2.41|32.8|75000| +|SENS|31|1.34|24.1|3000000| +|NAKD|75|0.17|22.5|400000| +|AMC|42|.59|21.9|1000000| +|XL|72|0.71|20.7|95000| +|RKT|37|3.73|20.2|550000| +|TLRY|51|1.22|18.8|650000| + +**STOCKS WITH A HIGH SHORT FLOAT (\~50%) AND HIGH BORROW RATE FOR SHORT-SELLERS (ABOVE \~20%)** + +|Ticker|Float Short|Short Ratio|Borrowing Rate|Available shares| +|:-|:-|:-|:-|:-| +|GME|121|2.41|32.8|75000| +|NAKD|75|0.17|22.5|400000| +|XL|72|0.71|20.7|95000| +|GOEV|66|2.23|50.2|100| +|TLRY|51|1.22|18.8|650000| +|REV|48|1.83|45.2|100000| + +*I AM NOT A FINANCIAL ADVISOR. THIS IS NOT FINANCIAL ADVICE. THIS IS FOR ENTERTAINMENT PURPOSES ONLY. I AM NOT A DENTIST. THIS IS NOT DENTAL ADVICE.* [ALL INFORMATION FROM WEBSITES DESCRIBED IN THIS POST.](https://www.reddit.com/r/wallstreetbets/comments/l7fn7b/a_brief_introduction_to_understanding_short/) + +&#x200B; + +**EDIT : LOW BORROWING RATE MEANS IT'S CHEAP TO STAY SHORT. SHORTS DON'T EXPIRE, THEY JUST RUN OUT OF MONEY TO BORROW WITH EVENTUALLY IF THE BORROW RATE IS TOO HIGH.** +Hi, guys! I want to tell a story of my dumbest investment. + +I fell for the old pump and dump scheme on a penny stock. I read the unreasonable positive reviews on XDSL many years ago. In fact, I still have shares in this but I bought at the bottom price and have accumulated 5,000,000 shares purchased mostly at .004 to .007 cents a share. + +Interesting about this company they do have a legitimate product - batteries. I would not recommend this but after many years they are at the bottom price and no I am not starting a pump up process. + +Yes, I should move the money to a legitimate stock and may end up doing that but I am a bit of a gambler deep down so I probably will hold on to it and keep an eye on it. So I guess I am like the movie Dumb and Dumber? + +What are your dumbest investment you got burnt with? You are free to share your stories here ;) +I'm not 100% sure this is exactly a PF matter, but I was able to avoid a scam because someone posted on PF about them getting scammed in a very similar manner, so I feel like I have to pass this forward. + +I received a voicemail from someone claiming to be from my credit card company, they knew my phone number (obviously), card type, my name, and the last 4 of the card number. They claimed to be from fraud protection services and said they needed additional information. The caller was a native English speaker, and with the information he listed on my voicemail I was pretty convinced on first blush. + +But I remembered that someone here had received a similar phone call and ended up scammed out of their information and had to go through a huge process to get their scammed money back. So I did a quick Google search for the number I was told to call, and it was a known scammer number. + +Be very careful about who you talk to over the phone and what information you provide them. Learn your bank's and CC company's rules for what they will ask you over the phone. Always do your due diligence for any calls you receive from your bank. Always assume fraud first. + +This was a very convincing call. Be careful out there. +**EDIT- Lots of Blue Chip tech stocks SOLD END OF DAY, all stocks Citadel has a long position in....COULD BE SOMETHING....COULD BE NOTHING....I KNOW NOTHING** + +**EDIT 2- I RAN OUT OF PHOTS but you should all check out the FORD chart as well. CItadel bought 25Million shares in Q1. There was crazy option activity this week pushing the price up. then 11M was sold at the end of day! I wrote this possible DD on ford today I think it keeps on geeting taken Down -->** [FORD OPTION DD](https://www.reddit.com/r/Superstonk/comments/nmlsgz/citadel_supernova/) (let me know if it doesnt work?) + +**EDIT - 3- WIERD SHIT WITH BRK.B and KO stock** [**BRK.B an KO LINK**](https://www.reddit.com/r/Superstonk/comments/nmnr6h/totally_normal_berkshire_b_chart/) + +GOOGL had a normal day on the market + +they opened at **$2,389.05** + +They were basically on track to hit that until the last 10 minutes of the day + +I have about 130k shares sold off in the last 10 minutes- + +**No news to speak of that would cause anyone to DUMP shares, its not the end of the week, quarter, year ect.** + +&#x200B; + +[GOOGLE 1 minute Chart](https://preview.redd.it/9m5yygs3vq171.png?width=1754&format=png&auto=webp&s=95af57c54a6be5c6c7cece2d62ef2fec4ec8d1fe) + +Just to show that this is not typical + +[Google 10day 10 minute chart](https://preview.redd.it/i0q7p1lwmq171.png?width=1554&format=png&auto=webp&s=76043ac3dfc263b8cfaedd47f5ee2a04e9822c48) + +Look who had an article ready for the GOOGL fall even though they were trading sideways all day + +[https://www.marketwatch.com/story/alphabet-inc-cl-a-stock-falls-thursday-underperforms-market-01622147508-54f0202ecd3c?mod=mw\_quote\_news](https://www.marketwatch.com/story/alphabet-inc-cl-a-stock-falls-thursday-underperforms-market-01622147508-54f0202ecd3c?mod=mw_quote_news) + +&#x200B; + +[Citadels GOOGL position from their 13F ](https://preview.redd.it/ge4ufsdkoq171.png?width=1384&format=png&auto=webp&s=46fc767f5fff98ecc0430ae444eb1b457e6d06cd) + +So they sold 27% of their GOOGL in Q1, they had 221,306 shares left. + +[Citadels Long Position Heat map from May 20th](https://preview.redd.it/oyazpi8dpq171.png?width=1539&format=png&auto=webp&s=6f7e0fd02fb1468a46ee981c6b82c176a47b58b3) + +Google is one of Citadels larger holdings even though they sold 27% in Q1 + +THey may have just sold most of their remaining 221k shares! + +&#x200B; + +[AAPL end of the day selloff](https://preview.redd.it/fsjt34fysq171.png?width=1768&format=png&auto=webp&s=9b77036f239657f4499355eed763c062ce3c56b7) + +&#x200B; + +[One day AAPL CHART](https://preview.redd.it/sa8jroi4tq171.png?width=1754&format=png&auto=webp&s=c578286536512759cd9534944a9923fe312c66ea) + +&#x200B; + +[CItadel AAPL holdings from 13F](https://preview.redd.it/msgbxeoctq171.png?width=1383&format=png&auto=webp&s=c426a0f7e7ad3eaa10ad8068ac1f22bdab0b1ecd) + +&#x200B; + +So this could just be anomaly, but it could also be someone selling large chucks of Stock for cash at the end of the Day? + +There is no news on either of these stocks to dump shares, its not Friday, or the end of the quarter? + +**Both of these stock are doing share buybacks which should stabilize their stock** + +[https://outline.com/VRDW33](https://outline.com/VRDW33) + +&#x200B; + +Thanks to u/HODLTheLineMyFriend for the heat map. (PS I think its worthwhile to update citadels and sus "long" positions even though they are short/long in options) + +find his post here [https://www.reddit.com/user/HODLTheLineMyFriend/posts/](https://www.reddit.com/user/HODLTheLineMyFriend/posts/) + +**Adding more tickers Below** + +&#x200B; + +https://preview.redd.it/towgpnkryq171.png?width=1759&format=png&auto=webp&s=61a986d8288ec878d076c11bc4e43b18f717ddb6 + +&#x200B; + +https://preview.redd.it/xy71ke8vyq171.png?width=1747&format=png&auto=webp&s=fd7595e541b959ba6710be4d2bc13f4eb470c566 + +&#x200B; + +https://preview.redd.it/pi13ruz40r171.png?width=1758&format=png&auto=webp&s=a1d2b226456c75bb191bbb3405e68008d54c2d91 + +&#x200B; + +https://preview.redd.it/zvwowxaf0r171.png?width=1756&format=png&auto=webp&s=404cd3876f4181a967413254dbde3bf314c652a8 + +&#x200B; + +https://preview.redd.it/0hfdongk0r171.png?width=1751&format=png&auto=webp&s=5f4df9c1c379dfcf8d456de4de69bc5307f0b5bd + +&#x200B; + +https://preview.redd.it/3x182uxh3r171.png?width=1750&format=png&auto=webp&s=af3b4418d553210f05a27b548c96e7050f940e23 + +&#x200B; + +https://preview.redd.it/6m7rdxy24r171.png?width=1750&format=png&auto=webp&s=9907ad2a1c609584d7b6fe10fb0817d31ccfe9e0 + +Citadel also has the long position on TESLA (it shot up not because the bought shares, but because they sold puts tocrank the price up) + +&#x200B; + +https://preview.redd.it/y5gs8ofw2r171.png?width=1746&format=png&auto=webp&s=e4671c59cab74a88630c47fc43dc4f09302af7dd + +&#x200B; + +https://preview.redd.it/dc32mj2r2r171.png?width=1754&format=png&auto=webp&s=7da0afea6d3d9b7fedabebfc5934e7991c24060e + +&#x200B; + +**ADDING MAJOR BANKS!!!!** + +OK SOMEONE WILL HAVE TO EXPLAIN BANK OF AMERICA TO ME....RED CANDLE GO UP? + +&#x200B; + +https://preview.redd.it/h0wdnatj4r171.png?width=1745&format=png&auto=webp&s=2860d4fcc596780447651837017f3839ce0149c8 + +&#x200B; + +https://preview.redd.it/yi3vd3jy4r171.png?width=1754&format=png&auto=webp&s=9e0ac476ad4ad6f52554be83c2768832afdeeb23 + +&#x200B; + +https://preview.redd.it/1wxni1h65r171.png?width=1746&format=png&auto=webp&s=711b5d78d22c85fa73868604b634acb0d6a05933 + +&#x200B; + +https://preview.redd.it/cgksuuok5r171.png?width=1759&format=png&auto=webp&s=2d671b94f0ae4988d5027387f7bf13fcd2609b41 + +&#x200B; +We just saw a cycle where useless dog coins ran up to 50 BN market cap and more. People were selling millions of dollar worth "profile pictures". Scams and hacks were a daily occurrence. The NFT space was and continues to be a perpetual clown show, lions, penguins, dogs, punk jpegs being sold for thousands of dollars. What even is this market. It puts every other bubble in history of mankind to shame. + + +If you wonder why the non-crypto crowd hates crypto and NFT viciously, it’s not an isolated incident or two, but a culmination of multiple events that are textbook examples of the worst capitalism has to offer. + +Earlier in 2021, when I saw hit pieces against crypto, I thought they were quite wrong and were attacking crypto as they missed out on the gains. But over time it's very clear that there is a lot of merit to the attacks on crypto. The entire space has become a circus of greed, scams, zero sum offerings where one is looking to profit from another. If you go to other reddit subs like r/technology, they are all spot on about crypto, the whole space is one big clown world detached from fundamentals. + +You dont even need to bring in energy consumption into this, even without it crypto is a market aggregating the worsts of the worst. Even now, there is little to no real world adoption of crypto, and instead you have a perpetual grifting scheme where people rush into new launches just to dump them at a higher value and profit off late entrants. Think 2017 cycle but on steroids with thousands of new coins. + +You have exchanges and other large players legitimising ponzi schemes by giving them attention and even running dog money competitions. You had large defi protocols add ponzi tokens as collateral. Guess what happens to that $100k loan that was taken out using OHM as collateral, when OHM itself crashes 80% in a matter of weeks. A culmination of all of these is cascading liquidations and steep corrections. + +You have coins with 50 BN FDV, where insiders hold 90% of the supply and retail buys these coins at the very top because they told to FOMOing into every coin that an exchange adds. In particular, what FTX and the whole scam Sam ecosystem they have encouraged is disgusting, if not downright criminal. Institutions and VCs got into these coins at cents to the dollar valuation, and exchanges added them at exorbitant valuations allowing the insiders to cash out handsomely within just weeks. Influencers and ponzi pumpers ran with “FDV is a meme” narrative so that they can encourage retail to pile into these scams. + + +If you were even a small sized fund in this space, your limited partners were all chasing for maximal returns and exchanges facilitated all of this greed, all of them except retail knew that the loose monetary policy wasn’t going to last, and it was time to make the most out of it. Ultimately it’s the retail user and the crypto as a whole itself that suffers. + +For a regular user of r/technology, he probably woudn't care that its Alameda Research or A16Z thats behind a lot of these worthless hype tokens, but his indictment would fall on crypto as a whole. The partner of a crypto VC fund gives zero fucks if crypto's reputation goes down the drain, he has made his millions and is happy collecting his share of profits. + +If you really believe in the tech and vision of crypto, you have every reason to be angry about what the space has turned into since the pandemic crash. It has been one relentless machine churning out scam after scam. + + +A bear market offers actual builders to work in peace building good products that the users needs, while removing all the baggage that comes with increasing prices and the vicious cycle of people looking to profit from one another, and heightened regulatory attention that grifters and scams bring to crypto as a whole. + +Crypto has a lot to offer the world, but only if the right products are built offering value to users. A ponzi farm and fork of a liquidity mining pool aint it, champ. +So how do you guys research small cap coins that are destined to have a bright future + +I'm not talking about the memecoins or pumps, but actual legit projects like FTM, LRC, GALA, before they go mainstream + +What are the best research methods, i've tried researching multiple small/micro caps, checking their roadmaps, researching the team, whitepapers if available, token distributions etc, but everytime i see the roadmap i just don't believe in them + +Granted not every great project will get the recognition they deserve, and 99% of small caps probably won't make it unfortunately, but im thinking about the 1% that will. + +Did anyone catch a top 100 coin before they ran? Like genuine projects like FTM for example, and how do you DYOR on projects? +I haven’t seen a thread aggregating what are perceived to be the biggest strengths and weaknesses of all of the top cryptocurrencies so I thought I’d have a go at that here as it is not only useful for me personally but probably also a number of other people relatively new to the world of cryptocurrencies. + +To start with, I’ve listed 3 pros and 3 cons for each of the top 25 assets. I’ll try to remain objective. However, I am not a financial advisor, and this is based solely on my own reading and what I think seems to be some kind of consensus. If you think there needs to be things added or removed, let me know below and I’ll endeavour to update this list in reasonable time. Also, please feel free to help me add any other coins below. + +I hope this can be a civil discussion without the need for tribalism. + +Edit: These just happened to be the top cryptoassets by market capitalisation at the time I wrote this. This does not mean they are the _best_ cryptoassets. (Hence no NANO, Tezos, ZEC, ALGO, VET, etc.) + +— + +1. Bitcoin (BTC) + +Strengths + +• Widespread institutional involvement making it a store of value and fiat hedge + +• First mover advantage/name recognition = head start on real world adoption + +• Deflationary fully decentralised tokenomics + +Weaknesses + +• High transaction fees + +• Scalability issues = slow transaction times + +• Huge environmental cost due to proof-of-work concept + +— + +2. Ethereum (ETH) + +Strengths + +• First mover advantage in the smart contract space + +• Most developers, nodes, and dApps of any cryptoasset + +• Network is Turing complete = widespread use and potential application + +Weaknesses + +• Inflationary tokenomics (no fixed cap) - debate over capping inflation level + +• Scalability of transactions causing high gas fees + +• Unpredictability in timescale of upgrades, including proof-of-stake Eth 2.0 + +— + +3. Binance Coin (BNB) + +Strengths + +• Enables smooth trading within largest exchange and BSC with low fees + +• Fast network due to centralised nodes + +• Greater crypto adoption/use of Binance = increased demand = increased value + +Weaknesses + +• Centralised control = contrary to ideals of cryptocurrency + +• Exposed to greater risk of price shifts due to centralised control of supply + +• Risks being treated as a security by SEC as tied to private company profit + +— + +4. Cardano (ADA) + +Strengths + +• Strong development team with evidence-based approach + +• Transparent roadmap towards decentralisation, scalability, and security + +• Deflationary tokenomics, involving staking support + +Weaknesses + +• Staking addresses link to wallet addresses + +• Long rollout with not all planned aspects fully usable + +• Censorship can exist due to separation of computational and settlement layers + +— + +5. Tether (USDT) + +Strengths + +• Most widely used/highest liquidity stablecoin on exchanges + +• Strong record of holding currency value against the dollar + +• Legal battle with New York Attorney General recently settled + +Weaknesses + +• Stablecoin so no more designed as an investment itself than the US dollar + +• Centralised supply, which can be minted whenever team decides + +• Perceived unscrupulous behaviour by team, misleading about how it’s backed up + +— + +6. Polkadot (DOT) + +Strengths + +• Most widespread use of token governing cross-blockchain interoperability + +• Enabling secure parallel chains for scalability and reducing transaction fees + +• High degree of developer flexibility + +Weaknesses + +• High fees to run nodes to validate network + +• Limited developer adoption compared to Ethereum + +• Large amounts of assets held by relatively few wallets + +— + +7. XRP (XRP) + +Strengths + +• Enables fast cross-border payments, particularly targeting businesses + +• Name recognition and early market leader in payments space + +• Negligible fees + +Weaknesses + +• Strong competition + regulation in market space = slow adoption + +• Highly centralised nodes, privately held for proof-of-correctness algorithm + +• Recent delistings from exchanges and halts to trading due to court cases + +— + +8. Litecoin (LTC) + +Strengths + +• Faster transaction confirmation that its direct competitor Bitcoin + +• Long-standing trusted cryptoasset with historically solid top 10 ranking + +• Near ubiquitous listing on exchanges and some mainstream adoption + +Weaknesses + +• Limited developmental input recently in comparison to other projects + +• Growing move away from Litecoin as a Bitcoin hedge due to stablecoins + +• At risk of being devalued if Bitcoin can be effectively solve scalability + +— + +9. Chainlink (LINK) + +Strengths + +• First mover advantage in blockchains/off-chain data feed communication + +• Benefits from rise in value of businesses and blockchains it partners with + +• Expansive market space for use of native network in real world applications + +Weaknesses + +• No clear roadmap or timescale for future developments + +• Impacted somewhat by the speed of the Ethereum network for data transfers + +• Relative centralisation of stored token assets + +— + +10. Bitcoin Cash (BCH) + +Strengths + +• Similar computational structure to Bitcoin and therefore easily co-adopted + +• Addresses the scalability issue of Bitcoin specifically + +• Smaller fees than the majority of its direct competitors + +Weaknesses + +• Perceived negativity surrounding its leadership, marketing, and community + +• Direct competitor of Bitcoin which has a large market advantage + +• Variably poor throughput of transactions compared to Bitcoin despite larger block size + +— + +11. Stellar (XLM) + +Strengths + +• Fast cross-border payments between individuals + +• Negligible fees + +• Not-for-profit philosophy = inclusive global payment system compared to XRP + +Weaknesses + +• Competitor of XRP without first mover advantage + +• Nodes are privately held for consensus algorithm, with little financial incentive + +• Small centralised development team + +— + +12. USD Coin (USDC) + +Strengths + +• Ethereum network stablecoin with fast transfers stabilising other cryptoassets + +• More positive press than nearest direct competitor Tether + +• Institutional backing + +Weaknesses + +• Stablecoin so no more designed as an investment itself than the US dollar + +• Strong competition from other stablecoins including market leader Tether + +• Uncertainty if regulation will impact stablecoin use long term + +— + +13. Uniswap (UNI) + +Strengths + +• Tied to performance of burgeoning market-leading decentralised exchange + +• Enables holders to engage in the exchange’s governance activities + +• Developer team planning major upgrades later in year = version 3 + +Weaknesses + +• High initial distribution to relatively few developers + +• Ethereum network token so fees high at times of congestion + +• Persistently high inflationary tokenomics given primary use as governance token + +— + +14. Dogecoin (DOGE) + +Strengths + +• Fun and engaging story/community encouraging new users of crypoassets + +• Low transaction fees + +• Relatively quick transaction times leading to some real world adoption + +Weaknesses + +• Celebrity impact = pumps and dumps unusual for high market cap assets + +• Potentially infinite supply limiting value possibilities, despite fixed inflation + +• Virtually no development for many years + +— + +15. Wrapped Bitcoin (WBTC) + +Strengths + +• Allows Bitcoin liquidity to be used easily within the Ethereum network + +• Expands use of decentralised finance network + +• Takes the security of bitcoin with the usability of smart contract tokens + +Weaknesses + +• Wrapping is a centralised process, relying on trust of a central body + +• Wrapping can’t be automated within Ethereum = reduced integrity of decentralised network + +• Transactions of token subject to potentially high Ethereum gas fees + +— + +16. OKB (OKB) + +Strengths + +• Allows low fee trading on the OKEx exchange, the second largest centralised exchange + +• Buy-back and burn deflationary tokenomics + +• Can be used as payments for any goods and services partnered with NOWPayments + +Weaknesses + +• Centralised control of token supply and withdrawal + +• Multiple OKEx controversies including suspending withdrawals for one month + +• ERC-20 token subject to potentially high Ethereum gas fees for transactions + +— + +17. NEM (XEM) + +Strengths + +• Blockchain uses novel proof of importance algorithm to improve fairness vs proof of stake + +• Applications for transfer of assets, votes, contracts, etc. can be coded in any language + +• Major upgrade announced for March 12 which XEM holders can opt into + +Weaknesses + +• Few key meaningful differences in application to Ethereum, its main rival + +• Reputation of team for not being marketing savvy in not finding user base + +• Low developmental transparency with poor user interaction + +— + +18. Aave (AAVE) + +Strengths + +• Tied to market leader of non-custodial transparent decentralised lending + +• Holders can partake in project governance + +• Discounts on borrowing for holders + +Weaknesses + +• Variety of financial options complex and not necessarily intuitive for new users + +• Limited current adoption beyond the crypto space + +• Transactions of token subject to potentially high Ethereum gas fees + +— + +19. Cosmos (ATOM) + +Strengths + +• Unlimited ecosystem of independent interoperable dApp-specific blockchains + +• Improves scalability in smart contract system compared to current Ethereum network + +• New developments more easily added vs Polkadot = greater adoption potential + +Weaknesses + +• Tendermint consensus algorithm is limited to fewer validators than competitors + +• Less fundamental need for native ATOM token within network compared to competitors + +• No capped supply on tokens + +— + +20. Solana (SOL) + +Strengths + +• Billed as the fastest blockchain with token used to pay transaction fees + +• Smart contract compatible with scalability built in + +• FTX recently selected Solana blockchain as basis for their decentralised exchange Serum + +Weaknesses + +• Large amount of tokens held by development team + +• Relatively recent rise to prominence so concerns that value may be unpredictable + +• Recent blockchain bug caused 6 hour outage + +— + +21. Crypto.com Coin (CRO) + +Strengths + +• Close ties to fiat financial world through exchange and card = more adoption + +• High interest rates when staked on native exchange + +• Team trying to increase decentralisation preparing for upcoming blockchain launch + +Weaknesses + +• Little fundamental use case outside of exchange ecosystem + +• Centralised supply of token with centrally made major developmental decisions + +• Transactions of token subject to potentially high Ethereum gas fees + +— + +22. Monero (XMR) + +Strengths + +• First mover privacycoin where transaction tracing is virtually impossible by design + +• Highly decentralised development and governance + +• Low transaction fees compared to other proof-of-work projects + +Weaknesses + +• Higher complexity of code base = integration to markets challenging + +• Governmental regulation more likely which could curtail listings and activity + +• Proof of work blockchain coupled with transaction complexity causing potential scalability issues + +— + +23. EOS (EOS) + +Strengths + +• Much higher transaction speeds than main competitor Ethereum + +• Negligible transaction fees + +• Capacity to run industrial-scale decentralised apps + +Weaknesses + +• Extremely few existing nodes and inherent difficulty for more + +• Essentially hitherto outcompeted by Ethereum and others for dApp takeup + +• Community is sour on future and project founder has left recently + +— + +24. Bitcoin SV (BSV) + +Strengths + +• Hard fork from Bitcoin Cash with strong vision to create viable payments system + +• Large block size enabling fast transaction speeds in comparison with BCH + +• Minimal transaction fees + +Weaknesses + +• Multiple security lapses due to problems with blockchain code + +• Fast transaction speeds/low fees has been more successfully adopted using other algorithms + +• Strong negative feeling from many in crypto community, many of whom regard it as a scam + +— + +25. TRON (TRX) + +Strengths + +• Strong vision of empowering content creators to have ownership of their own web content + +• Smart contracts can be created in many programming languages = easier development + +• Faster transaction speeds and lower fees than competitor Ethereum + +Weaknesses + +• Concerns regarding the ethics of founding CEO and team + +• Very similar code to other projects but not implementing their more recent innovations + +• Delegated proof-of-stake confirming process prone to becoming centralised + +— + +Edit: BONUS: + +26. IOTA (MIOTA) + +Strengths + +• Market leader in being the first crypto architecture not based on a blockchain (directed acyclic graph) + +• Strong developer roadmap aiming for game-changing fast, feeless smart contracts governing IoT + +• Comparatively environmentally friendly to other large scale projects + +Weaknesses + +• Slow rollout of roadmap and early target of removing central coordinating node still not complete + +• New technological issues - caused a mainnet outage for 11 days as recently as last year + +• As a token made for machine-to-machine transactions, future market is somewhat unpredictable + +— + +[Also, thanks so much for the gold and awards!] +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +As mentioned in the [initial post](https://www.reddit.com/r/ethtrader/comments/9khml6/introducing_community_points_polls_an_experiment/) introducing Donuts (formerly known as Community Points), each week we will publish the Distribution List for the previous week’s contributions. + +>After the first week, we will publish the Distribution List (in a csv) to provide transparency about how points are awarded. The list will only include people who earned karma during the prior week, based on their contributions. Out of respect for your privacy, we want to make sure that everyone has the opportunity to opt out if they would like. You can opt out of appearing in this list and future distributions [here](https://i.redd.it/mitvnjf1wlp11.gif). + +##Distribution List + +**[Here is the link to the first Distribution List.](https://reddit-meta-production.s3.amazonaws.com/distribution/publish/ethtrader/2018-10-15.csv)** This only accounts for contributions made between October 1-7th, 2018. + +You now have more information about how points are distributed to everyone in the community. This is so you can modify distribution in a way that is best for r/ethtrader. + +## Modifying Distribution + +You can modify distribution in two ways: + +1. The actual amount displayed on the CSV to any given user +2. The default distribution scheme (e.g. the percentage breakdown) + +Anyone can [create a poll](https://new.reddit.com/r/ethtrader/submit) to change the distribution amounts, which we will honor as long as the poll reaches quorum. Quorum is currently 15% of all the points selecting a certain option, but this may change in the upcoming weeks if participation is low or if we move to a dynamic quorum. + +## When will you receive your Donuts? + +There is a week-long period in between when the csv is published and the Donuts are distributed. This is so you have the ability to sort out any changes that need to be made before points are awarded. + +I think many here learnt that the hard way the past few days. This is a trading sub and trading is about profits. While I fully believe Ethereum and its developers are the future of Blockchain technology the ideological echo chamber environment here the past few days has contributed to missed opportunities. Dissenting opinions have been dismissed by myself and the majority of the sub, while they hinted at an enormous profit opportunity that quite frankly presents a significant short term price risk to our beloved asset. We should strive to keep this sub open to opinions, not furiously downvote what we believe to be ideologically wrong. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Married with a 3-year-old and 1-year-old. We currently both work and rent in a very high cost-of-living area, but with the pandemic we have the opportunity to move anywhere and work remote (while giving up the greater chance at promotions since we won't be in the office), hopefully without our salaries being adjusted. Combined gross salary $250k. We're considering Florida (suburbs of Orlando, Tampa or Jacksonville) or Charlotte area. Financially speaking, Florida appears to have a big edge. It looks like we'd save $12k a year in FL over Charlotte with no state income tax. Also, it looks like FL has a college scholarship program that covers 100% tuition if you stay in state and have the grades/test scores to get into UF/UCF/FSU (will that still be in place 15 years from now?). UNC/NC State look like $10k/year tuition (and probably much more than that by the time our kids are college age). Obviously have to factor in housing cost/property taxes, but those vary. Am I missing anything else here? +My wife is having a baby next month. I started a 529 and am trying to figure out whether to put 20k in right now or spread it out over xx period. If so what should that period be. I was thinking 1 or 2 years but I have the cash now to do it all. +Single 25M living in SLC. Gross income 91k, with 10% 401k match and 6-12% bonus EOY. Only debt I have is a car payment ($13k left). + +Need to find a new apartment and have narrowed my selection down to two: + +1. $2200 for a 1BR luxury apartment in a very nice area. Walkable, shops, restaurants, bars, you name it. Located on top floor with a decent view. This one sparks joy. +2. $1750 for a 1BR apartment thats a tier below the luxury. One 5 min train ride from the nice area option #1 is located. Located on 2nd floor with okayish view but also right above public sidewalk and train tracks. This one doesn't spark joy. + +Here is a budget breakdown for each apartment: [https://imgur.com/a/wBdqkKh](https://imgur.com/a/wBdqkKh) + +Looking at my budget I'm still contributing over 10% to my 401k and trickling into my HSA. I've maxed out my Roth IRA the previous two years (12k lump sum into FZROX and FZILX in January of this year... down 20% lol). I plan on trickling into the Roth IRA next year as well. + +I have no immediate plans of buying a house. I plan to stay in SLC for at least the next 3-4 years. + +In my heart I know I'd like living at Option 1 more but I'm having a hard time justifying the near $6k I'd save a year if I went with Option 2. In your esteemed opinion could I get by okay living at Option 1? Or does it make more sense to save the money I can now? +Okay guys, this is serious. I've tried to get the sub to help in this way before but it wasn't effective. I'm hopeful this time will be different. + +Please note. This is an alternative theory that I think really really needs to be investigated. I'm not 100% sold on this, but I think there's something here. + +I've been thinking about these OTC stocks a lot lately. Zombies going crazy when GME goes crazy. Simply Mac's performance yesterday. We've attributed this activity to these stocks being cellar boxed. But what if they're not? What if we're completely wrong? Or worse. What if we were deliberately led astray. + +What if the activity on those stocks has nothing to do with cellar boxing at all. + +Remember how swap activity is hidden until 2023? Remember how we've seen sign after sign that there's a "meme basket"? Remember how these OTC stocks are now part of the "expert market" and retail is only able to close? + +Well, what if hedgies have figured out a way to create a leveraged basket of "meme" stocks with the entire OTC market on the other side. With retail out of the picture on the OTC side, "the powers that be" could effectively set those stock prices to whatever they want. That's effectively "infinite collateral". You could duck marge all day every day, just run up an OTC for the test, then drop it back down. + +I don't know if this is possible (I suspect it or something close to it is) and I'd really love to get some other opinions on this. I know some of you have done a pretty good dive into these swaps so maybe this will strike a chord with someone. + +Anyway, my theory is that these hedge funds have effectively leveraged the meme basket against the OTC market using swaps. They can run up an OTC stock to pump their collateral requirements on demand since retail is effectively "removed" from this market. + +Oh yeah, also, that would explain why swap reporting is hidden and explain why retail was removed from OTC trading. + +edit: another possibility: Meme's are leveraged inversely against OTC. Pumping OTC's could be there "oh shit" switch, an expensive way to push the meme stocks down by running the OTC listings. There's someone on the other side of every trade. If these stocks were cellar boxed, someone owns the shares. Who owns them? +Title is a bit misleading - my mom got a check. She once rented a car in New York and paid the deposit in cash as the employee working there did not accept her credit card as it didn't have her full name on it (only first letter of her first and second name). + +Anyway, now she got a check in the mail but since we live in The Netherlands there's no way to cash it (we stopped using checkes like... 20 years ago?) How do we proceed? Already contacted Hertz but they said they can only issue a check. + +**Edit:** thanks for all the answers! First of all, no, our banks just don't do checks - moreover, I'm 30 and have NEVER had a check in my entire life here. I vaguely remember my mom having a checkbook when I was young but that's it. Anyway - I cannot cash it, even though some answers think I should be able to - I can't. I do have friends in the U.S. and can ask them. Let me try. If that doesn't work I'll try a German bank as they still seem to accept it according to some comments. Opening a US bank account requires me to have a US taxpayer number so that's a no go. +Hi all, + +Just curious as I have a potential situation come up. If you were considering a like for like role, similar company and benefits, what % rise would be your trigger to make the risk of leaving balance? + +I guess the other consideration is that for this situation, I'm fairly new into a band so unlikely to get a decent rise in current role for circa 5years. + +Really interested in opinions! +Thanks +first month of increased rates + +[https://www.nsandi.com/prize-checker/winners](https://www.nsandi.com/prize-checker/winners) + +&#x200B; + +or download as excel spreadsheet + +[https://www.nsandi.com/files/asset/xlsx/prize-october-2022.xlsx](https://www.nsandi.com/files/asset/xlsx/prize-october-2022.xlsx) +Hi, + + +What are your thoughts on this plan: +M28/F25 Total income of 120k before tax. Potential to move up in career shortly. + + +My plan: +Buy a house near for around 450k in Wollongong. +Commute each day to Sydney CBD, and perhaps there is room for myself to get one or two days Work From Home as well, seeing as that's been thrown about recently due to Covid-19. + + +Pay off the house quick-smart, putting around 35k into it each year that would normally go to rent and savings, leaving a small buffer for unseen expenses and rainy day. + +Once it is paid off, throw everything at a retirement fund. + + +Why I think I could deal with the commute: +My weekdays feel like a waste anyway, whether I get home early or late. +I like to go to the gym during the week, and if I owned a house, I could build one at home and make the commute time back by having a gym in my own house. +Weekends would be incredible, having ready access to the beach. + + +Has anyone done something or is doing something similar? + + +Thank you! +Do any of you guys or girls do that just to be satisfied or whether you have already got plans to use the money at that time? + +(if you do what does that say about your finances) +I must not be the only one lol! +Just watched episode 1 of Inside the Bank of England this evening, very interesting seeing the million pound and 100 million pound notes in the vault (inside a tatty old tin)! Also gave an idea of the analysis that goes on when the Monetary Policy Committee decide on any changes to interest rates. + +First two episodes can be watched on iPlayer here: [https://www.bbc.co.uk/programmes/m0006h7q](https://www.bbc.co.uk/programmes/m0006h7q) +Hi all, + +I am thinking of investing in a heated blanket and heated hoodie and just having the heating off for the majority of winter in my home. I have 2 concerns however: + +1.) If I just heat the home for a couple of hours in the morning, will this be enough to ensure pipes don't freeze and burst? Is there an optimal time to run the heating in order to avoid this? + +2.) If I spend this money on stuff to heat myself, will my energy supplier (Octopus) just hike my DD up regarless, meaning the cost saving efforts were in vain, or will my DDs not automatically increase? + +Thanks in advance. What a miserable post to make! +My grandmother passed away earlier this year, and she left behind a small inheritance. However, she has gifted me £10k in cash as part of it. + +When I say cash, this was stowed away under her mattress, cash. + +My mother tells me she always used to withdraw her pension, but she never knew what she spent it on - I think we've figured out what she's been doing with the pension she hadn't been spending now. + +Can I just drop this into my account? Last month, I dropped 3k into my account through a car sale (and not re-purchasing another), and this month I'm dropping in 10k - I have no idea if that will look suspicious, given that most of my activity has been mainly via salary payments and online etc. + +&#x200B; + +Thanks. +My bank is offering me a personal loan of Rs 4 Lakh. Exact wording is this: + +"Get an instant loan\* of up to Rs 404,000, above the credit limit on your Credit Card at 14% p.a." + +&#x200B; + +So I simply calculate the interest as: 14% of Rs 404000 = Rs 56560 to be paid as interest in one year? Isn't this too much? + +&#x200B; +Now I've never really dabbled into options but am looking forward to giving it a try soon once my zerodha account is activated for F&O. I wanted to know your experience with options trading and some things to keep in mind while doing option trading? I only intend to buy options and never sell options as i do not intend to take much risk. +Can someone give information or send me link on how mutual funds pay tax on dividend or capital gains and at what rate to check if it's profitable to buy stocks and oay 30% tax on dividend or buy growth stocks and pay capital gains. +Thank you +I purchased a Health Insurance for my parents from PolicyBazaar last week. They scheduled a Telemedical call and assigned a relationship manager. After that they email this and say that my application has been rejected due to "uncontrolled Blood Pressure" of my mother. They haven't refunded my Premium yet. I had agreed to pay the premium in monthly basis through recurring payment. In the PolicyBazaar website the status in still on "Decision Pending". I want to cancel the insurance in the free look period. Where do I go from here? + +The Email I recieved: https://imgur.com/gallery/rVKXG9W + ✅ 600k MCAP + +✅ DOXXED DEV + +✅ 1% of daily traded volume is donated to community’s charity of choice! + +✅ Marketing network being built + +✅ DEV FUNDS LOCKED, LIQUIDITY LOCKED + +⏳ AMA this weekend + +⏳ Smart Contract to be audited by TechRate.org immediately and results will be announced. + +**Charitas** (the latin root of charity) is a DeFi protocol built with the vision of democratising charity to encourage transparency, honesty, and the effectiveness of charitable initiatives. + +They essentially capitalise on the large trading volumes of meme tokens and have 1% of the transaction fee be collected to be donated to the community of choice. + +There will be a voting app which will be launched, and Charitas holders will vote on which charities are to receive donations from the Charitas Fund. This enables the community to weigh and allocate donations based on urgency, current events, crucial initiatives, etc. + +😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇😇 + +3% of every swap is taxed/removed + +1-Charity Burn - All tokens raised for charity will later be burnt + +1- Automatic staking, earn interest directly to your wallet + +1- Liquidity Pool Provisioning + +It's launched barely a few hours ago, and in all honesty, there was an issue locking the dev funds and trading on PCS was halted. However, dev stayed and fixed the issue which lasted over 2 hours. + +Us DiamondHands held through and it made this community even stronger! **They had over 6 hours to rug us with the unlocked dev wallet after trading resumed, but ITS ALL GOOD they've locked it now.** + +😇 Community polls before Dapp is built is already being done to select which community the group is interested in donating to! + +🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎 + +TLDR: + +\- Chartias **purpose** is the Charity Fund. It is not an afterthought, but rather the main focus. + +\- Charitas is already working on highly marketable partnerships with foundations. + +\- More coming today and we're just getting started! + +\- Impressive website at [https://charitas.fund/](https://charitas.fund/) + +\- Discord, Twitter, Telegram, Reddit are all gaining traction! + +\- Even has **LinkedIn** as well! + +\- **VERY IMPRESSIVE WHITEPAPER** on their website just proves they're here to stay for the long term! + +Want to donate to charity? This can be an option 😉 + +Want to buy another meme coin? This is also another option 😉 + +**Trade here!** + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6466849a30247d90f0c228a6c4b6b106ff18cab9](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6466849a30247d90f0c228a6c4b6b106ff18cab9) + +**Just look at how bullish this chart is** + +[https://poocoin.app/tokens/0x6466849a30247d90f0c228a6c4b6b106ff18cab9](https://poocoin.app/tokens/0x6466849a30247d90f0c228a6c4b6b106ff18cab9) +Throwaway. Been active in this sub for a while now on another account. In the coming weeks, I hope to finalize the sale of my business to my existing business partner. (we've agreed in principal to broad terms, but need to get into the "nitty gritty" details) + +I've always been a saver, always lived beneath my means, always saved vigorously, and I also have been lucky enough to receive some inheritance / gifting that accelerated things. + +Age: 50ish. NW: approaching $20mm, with roughly half of that liquid, the other half (mostly commercial) real estate. This number includes this last transaction / sale of my business. + +&#x200B; + +I will be signing a non-compete (and I have zero, absolutely zero desire to break that, it's the furthest thing from my mind) and a long-term "consulting" employment contract that gives me a reduced salary, but that includes health care until I reach age 65. "Consulting" means I will always be available to help out, and will do so actively for a while, but that I won't be required to be present for office hours generally. I can keep an office, an email, business cards, etc. + +The terms of that healthcare benefit won't be spelled out specifically (too many variables going forward) but I will have it written in the contract that I can never get anything less than the future owner class gets. I'll be able to purchase (as I do now) dental and vision at cost, and I'll still have a decent (though smallish) life insurance benefit through the company. If I were to die before my 65th birthday, this position, and all its benefits, transfer to my spouse. (who is also familiar w/ the company's business . . . and has worked there before though not currently). + +&#x200B; + +I'm very aware that the possibility exists that the company *could* fail. There is, therefore risk. However, there will be collateral (commercial real estate) at risk for my business partner, so at that point, I *think* my biggest problem would be healthcare. Hopefully I could bridge that until age 65 some way. + +What am I forgetting to take into consideration? +Just a reminder to do some basic research before selling your options. CCXI popped up on my screener because of the insane IV so I sold 20 $20 10/15 call options on Monday thinking about the sweet sweet premiums without any research. + +Luckily; I did some research and found out the FDA decision was on 10/8. Closed them for a small loss yesterday and today it pops. Reminder that there's no free lunch and always look at risk management. +None of my friends or family understand this stuff and I'm excited to have a new tool. It feels good. I know thetagang would understand. + +Hope you all have a great week! + +(for those wondering - only a very small 2 contract NVDA position just to get my toes wet in the water. I made a whopping $8 expires 4-29) Now I understand the mechanics better. Next week will be a different story as I gain confidence in the strategy and increase number of contracts. + +Can people tell me if there is a big price drop and the sold put gets assigned but still above the long put, will the brokerage automatically exercise the long put? What if the price drops below the short and the long put both? I would hope it would be exercised automatically because I would not have enough cash to cover it if I am trading a larger number of contracts. Is that something I need to specify on my trading platform? + +Thanks for the help. +Got absolutely fried on my short call credit side of an iron condor this week. + +I’ve learned a thing or two about risk management in that regard. + +Do y’all have a delta threshold, that when breached, you decide to close out a side of an IC? If so, why? + + +I recently started to dip my toes into whatever tasty trades video I find that discusses futures options after trading strangles on cheap ETFs for about 6 months now. Trading the tastytrade method (1 SD) making great profits meanwhile. + +They all discuss the differences between equity options and futures options in terms of capital efficiency. + +My question is what is the catch ? + +If futures options are more capital efficient when comparing say SPX options vs. /MES options ... What is the trade off ? +They discuss leverage being a trade off but what does that mean ? ... SPX and /MES options both provide leverage over the index itself. +Just a reminder to do some basic research before selling your options. CCXI popped up on my screener because of the insane IV so I sold 20 $20 10/15 call options on Monday thinking about the sweet sweet premiums without any research. + +Luckily; I did some research and found out the FDA decision was on 10/8. Closed them for a small loss yesterday and today it pops. Reminder that there's no free lunch and always look at risk management. +April 2020, big Covid dip. I know nothing about options at the time, but I do know that almost anything I buy will go up after the pandemic. So I buy 105 shares of $DAL @ 27. + +I forget about these shares since I want them to be "long term" for tax purposes. Meanwhile, I learn about options and fall in love with selling and collecting premium on other stocks. + +Fast forward to the beginning of this month. DAL is at $50. I'm stoked. I decide that since I'm forcing myself to keep these until the end of the month, I'll put a protective collar on them. + +Quick explanation for those that don't know: A protective collar is when you buy a Put at a price you want to guarantee a sale at. But you also sell a Call at a higher price you're willing to let the shares go at. The Call reduces your overall cost of the Put. + +In my case, I bought an April 30th $50 Put for $1.95 and sold an April 30th $51 Call for $1.90. That means that it only cost me $5 to guarantee that no matter what happened, I would be able to sell my DAL shares at $50 at the end of the month. + +A week goes by and DAL dips... it dips enough that my Put is now worth $120. So what does this bozo do? Yep, I sold my protective collar for those oh so sweet tendies. + +Today DAL announces that they expect to post an adjusted pre-tax loss of up to $1.5 billion for Q2 FY 2021. As of this writing (AH), DAL is now trading at $46. + +So selling my "insurance policy" for $120 (which only cost me $5 to buy) has potentially cost me over $400. + +Obviously this is not the end of the world. I can continue to hold, sell CC's, etc. But the moral of the story is stick to your plan. Don't get greedy. + +**TL;DR:** Bought shares at $27. Had a guarantee to sell them at $50 at the end of the month. Got greedy and took small profits in lieu of the guarantee and now I might have to sell the shares at $46 (or less). +This is High Level, a Macro view of the strategy, explained in plain English the way I interpret and understand things. Still a freshman at this so this is not in the weeds technical, as that is not my current style but I appreciate those styles of communication. + +Notes are at the bottom. **This isn't a guarantee strategy or play. In my opinion, during this current market condition** it's seems like the highest probability of winning for a strategy. I don't do CCs because I don't want to be limited to owning individual stocks by the 100s. I like Spy as it is the most liquid and tracks the S & P 500 and is the standard for benchmarking. + +&#x200B; + +# If you are considering playing weeklies Bear Call Credit Spreads + +7/20/2020 to 7/16/ 2020 on weekly period + +[A quick glance and you can see there is more gain than loss, however I removed Highs & Lows and focused more on Closing prices, so this data doesn't account for volatility intra day, Highs, Lows. ](https://preview.redd.it/adopm63hl0c71.png?width=675&format=png&auto=webp&s=dcdf1189fd0aa8464a8afd73f38becd243f7dd55) + + 2. Highest Gain on a weekly basis : + + a. $19.96 on Nov 2nd 2020 + + b. $13.99 on Feb 1st 2021 + + c. $10.79 on Oct 5th 2020 + + 3. Highest Loss on weekly basis + + a. ($15.59) on Oct 26th 2020 + + b. ($13.60) on Jan 25th 2021 + + c. ($9.51) on June 14th 2021 + + 4. So the Average Gain on SPY weekly basis is $5.39 + +&#x200B; + +&#x200B; + +[Based off this weekly period on this chart, SPY gained above $10 only five times out of 53 weekly periods, again doesn't account for intraday Highs\/lows](https://preview.redd.it/xtetrowkl0c71.png?width=517&format=png&auto=webp&s=4595aa22b4fe5385d0d91dd48c0747a401af8126) + +&#x200B; + +1. So with this simple math, if you played a bear call credit spread based off previous closing price and set your short strike about $8-$10 above current price, with a width between strikes @ $2, return on collateral will be around 10% and will give you a higher probability of winning. Depending on volatility that day you might have to add more time to your spread. + +&#x200B; + +2. Setting the short leg, near At-the-money, $2-$6 ,above current price is riskier, decreases chance of profit but **higher reward 16-30% return on collateral** . I've had many winning trades doing this but you'll get a few losing trades, playing it this close, it will fucking sting. I think if we are playing very conservative monthlies then shooting for strikes price near At-the-money is ok, if all the stars are aligned on your setup. + +&#x200B; + +&#x200B; + +&#x200B; + +3. Obviously regardless of return, we must take profit in pieces **aka trim up** **( drop this all or nothing mentality)** and if the trade goes completely against you during intraday due to volatility , you close it out because you are not an idiot and this is **100% within your control when you close out.** + +&#x200B; + +&#x200B; + +4. So after you close out your trades on average you might be around 6% return a week, after commissions and/or taking profit early bringing you around 50-80% profit on trade, if you are shooting for 10% return a week. This excludes losses. It's impossible to get 6-10% return consistently, you will eventually have a lose trade to cut early or break even. However, once you increase your capital to a certain point, you might become more conservative shooting for 4% return per week, thus have a higher strike prices above current underlying price, giving you more margin of safety and higher chance of profit. + +&#x200B; + +&#x200B; + +5. Playing above $8 - $10 of the current price, can provide a higher probability of win **but it's important to add additional analysis strengthen your thesis** : seasonality analysis, mainstream media, technical analysis of\\\[ gap theory, support and resistance, supply and demand zone, RSI, 20 EMA, VWAP,\\\], Economic data releases, Fed talk, VIX and bond/yield prices. + +&#x200B; + +[If Spy drops more -1&#37; or $5 in a day trade can be closed for 80&#37; profit ](https://preview.redd.it/s3m9b6fpl0c71.png?width=1262&format=png&auto=webp&s=b3db3d6b7fa8fb71c56de0399c4e48b539a121ed) + +&#x200B; + +# If you are considering playing Monthlies bear Call Spreads + +&#x200B; + +[ Gains per month was stellar in 2020 but since 2021 it has been on a downtrend. remember Trend is your friend](https://preview.redd.it/0wdzcrx8m0c71.png?width=466&format=png&auto=webp&s=34940b8a617b4454ace6d42dcf2ce25b16ceddd6) + + 1. Highest Gain $42.50 on April 1st 2020 - right before the crash + + a. $31.86 Nov 1st 2020 + + b. $ 20.99 August 1st 2020 + + 2. Highest Loss $ (40.46) March 1st 2020 + + a. ($27.09) Feb 1st 2020 + +($15.32) Sept 1st 2020 + +&#x200B; + +&#x200B; + +[Based off this chart only SPY made gains above $20+ only three times of out 19 monthly periods](https://preview.redd.it/4d4r5irbm0c71.png?width=537&format=png&auto=webp&s=2a6bcccd6efe759235edbb7b78d16bca2461f34d) + +1. So setting your short strike around $20 above current price, with $2 width strikes, potential is 16% return on collateral for the month. I would most likely make this play my Main strategy, as it is a true theta play. I haven't start this yet but I will on Monday, 7/19th,2021. I've been doing weeklies but will be doing both. +2. Since it is a monthly play, seasonality chart, earnings, major fed talks might be the main additional analysis. Any other suggestion let me know below. +3. Chance of profit is higher due to theta decay and higher strikes prices, you basically have to watch paint dry. However, if SPY violently sells off this can be closed out sooner. + +&#x200B; + +&#x200B; + +[If Spy drops below -2&#37; or $8 from current prices in a day or few days, trade can be closed and create close to 80&#37;+ profit ](https://preview.redd.it/zvk7x3hfm0c71.png?width=1292&format=png&auto=webp&s=04fb05294b58e56724729bb120e64ae66a843a44) + +&#x200B; + +# Some notes: + +1. Remember even though we are using a Bear Call Credit Spread, its real objective is being **neutral and playing above All Time highs**. Its a bearish and neutral strategy. The thesis is SPY can't keep breaking records on a weekly or month basis, due to economic stresses and pullbacks/ corrections is healthy and needed. As you know supports levels can ALWAYS be broken faster than rising prices for S & P 500. It's incredibly hard for financial professional to " **call a bottom or have a date when the market will crash**". Again This data above is just based off closing prices during a weekly and monthly period, **it doesn't account for intraday highs and lows, so volatility will change projections.** + +&#x200B; + +&#x200B; + +&#x200B; + +2. I'm not religious to only doing bear Calls, I've done Bull Puts on SPY as well, mostly after the correction in March 2021 then I went to 80% bear mode. Now I do think it makes sense to do Bull Put Spreads on QQQ, supply chain weakness, high earnings, consumer demand & spending, re-opening, economic stimulus and FAAMNG on going performance. There's just some gaps in SPY that need to get filled, **gap theory** is part of Technical Analysis..do you see the gaps that need to get filled? + +&#x200B; + +&#x200B; + +&#x200B; + +3. The goal is to **be consistent income selling options,** for Financial freedom or time freedom. By having your expenses paid by selling options. I've tried dropshipping, running a youtube channel( I still run it), real estate investing( very slow- low returns still building), and being a realtor(I'm still licensed,) they don't COME CLOSE to selling options. **The barrier of entry for selling options is literally free education and time.** + +*No license needed, no human interaction and no direct sales to consumer.* + +However it is still important in having a multiple streams of income/asset/strategies/opportunities for the goal of being wealthy and having a fulfilling life. So don't put all your eggs in one basket, **UNLESS you a temporarily** devoting 100% energy to understanding and learning the skill. + +&#x200B; + +4. Average expenses for an American, that want to live a modest yet fulfilling lift could be $5,000 per month. US Bureau of Labor($5,102) + +&#x200B; + +5. So Capital requirement for collateral needed would be $12,500 to \*\***potentially generate 10% return a week**\*\*, $1,250 per week. Obviously if its $12,500 cost to run this business of selling options, your portfolio value or cash on hand, emergency fund should be at least, minimum, 3x value or $37,500 or 33%. It be reckless to use 100% of your hard earned cash. **\*\*Start off small and just focus on returns now dollar value! Better to get the practice in now and than later.\*\*** + +&#x200B; + +&#x200B; + +**Other ideas** + +6. Since saving hard earned income is much harder, even on average $70k salary, one should engaged with **low capital\*\*(1-10% of cash or Portfolio value)\*\*** on a calls, leaps, debit spreads on fundamental sound companies or even meme stocks. Yes I said meme stocks, if played correctly and using gambling/HIGH risk money that **\*\*you are willing to lose\*\*,** you can increase the level of your portfolio. That’s how many of us end up in r/thetagang. Now if you got plays and you can't sleep at night, keep decreasing the amount of money you are using. + +Currently I risk less than 2% of Portfolio value for certain RISK plays( non credit spreads) if the opportunity presents itself. At 2% I can sleep well at night. I don't force these opportunities, I watch for trends in volume and sentiment. So I typically execute 3-5 trades per month. Also Same principles applies, close out trades if it doesn't go your way. + +&#x200B; + +# Extra short note: + +Generate Income weekly and Monthly + +Have some gambling plays, so you don't have to keep feeding your portfolio with hard earned money + +Re invest into long term investment. +I currently have two HYLN puts, one is 11/6 $30, and the other is 11/6 $25. Obviously both of those are way ITM. In hopes of not getting assigned and the stock price increasing again, I have been rolling the puts out every week or so. It has been working so far, but if the stock price keeps dropping I will have to take the loss eventually right? + +What strategies could I employ to minimize risk? Should I just continue rolling in hopes on never getting assigned and the stock price increasing again? Thoughts? + +Thank you all! +I doubt this is the correct sub to post it in. But this post would get crappy/no responses in other subs, and I'd like to get the opinion of some people who understand the economics and math of this. + +The actors: + +1. Retail traders with deep ITM calls that can't afford to exercise. +2. Market makers that are delta neutral +3. Shorts that are hedged with calls. +4. Shorts that are not well hedged that are holding on for dear life. + +What is going to happen to this clusterfuck on Thurs/Fri? Could we see something at shallow ITM strikes similar to what happened to oil where futures prices went negative? A massive negative feedback loop where retail sells their ITM calls, picked up by algos who exercise and liquidate? Algo's exercising and holding to force even more of a squeeze? + +There's some funky shit thats gonna happen and i'd like to be in the right place for it. I'm leaning towards a huge liquidation where the smart money starts to exit either EOD today or Thursday due to the threat of retail traders flooding the market with deep ITM calls which will get picked up by institutions that will liquidate immediately. + +Let's discuss this from an objective standpoint. What will happen, why will it happen, and when will it happen? +Are there good analyses or books on this leveraged investment: writing a naked put vs buying a stock on margin? + +They are related, but not exactly the same. For example: + +Writing a naked put has limited upside. But can earn interest on the credit from the option. + +Buying shares on margin has unlimited upside. But need to pay margin interest. + +What are the factors that should be considered when doing one vs the other? For example, the delta or strike price of the put will matter a lot. Am looking at writing 0.3 delta puts, compared to buying the underlying on margin. + +I understand the downside risk of doing anything leveraged. Am specifically interested in comparing these two. + +Interested in hearing your feedback! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said on Wednesday. + + +Targeting Asia’s two most valuable companies would be U.S. President Donald Trump’s most dramatic step yet in a recent raft of measures unleashed against Chinese companies as he seeks to cement his hardline policy against Beijing during his final days in office. + +Defense Department officials, who oversee the blacklist designations, have not yet finalized plans and are also discussing adding other Chinese firms to the list, the sources said, speaking on condition of anonymity because the deliberations are private. + +Both companies declined to comment. The discussions were first reported by the Wall Street Journal. + +Shares in Alibaba, China’s biggest e-commerce firm, finished down 3.9% on the Hong Kong Stock Exchange while Tencent, a gaming and social media behemoth, lost 4.7%. Alibaba’s U.S.-listed shares closed down just over 5% on the news on Wednesday. + +Some investors expressed skepticism, however, that Alibaba and Tencent would face long-term restrictions - given that they are worth a combined $1.3 trillion, widely held by U.S. investors and the likely reputational and financial hit to U.S. stock markets. + +“It’s a very bad policy and there’s enough money in Asia, lots and getting bigger, that one shouldn’t force these companies out of America,” said Thomas Caldwell, chairman of Caldwell Investment Management in Toronto and an investor in the New York Stock Exchange. “Money and markets should be neutral.” + +Source: [Reuters](https://www.reuters.com/article/us-china-usa-alibaba-tencent-idUSKBN29C04Y) +Just wanted to say that to everybody. + +\- It's forced me into learning so much about finances that I never would have pursued on my own. + +\- It's made me weigh risk in a way that I unlikely would have had to with my lifestyle. + +\- It has opened up dialogue with an incredibly diverse group of people. It has built my trust in strangers. + +\- It has made me consider value in a way I never really have before. + +\- It has tested my resiliency through difficult times. + +\- And it will give me wealth. + [Naked shorting: The curious incident of the shares that didn't exist | Euromoney](https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist) + +&#x200B; + +Came across this article while doing some research on the history of naked shorts in the USA. Te article gives credibility to the theory on the "basket of stocks" that were shorted in anticipation that those companies will collapse. What bothers me most is the following paragraph from the article: + +&#x200B; + +&#x200B; + +# What the DTC failed to put in place, claim the defendants, were sufficient incentives to return the stock borrowed from the programme. The source says: "The DTCC never monitored the length of time brokers or market-makers were taking to close out the position. You might not close the position for months or years, and no-one was onto you. It was the perfect loophole for the bad guys. Who cared if you didn't own what you sold – the DTCC would make good on your delivery." When asked whether, before the new short selling regulation came into force, there was no time limit for the return to the stock borrow programme of shares that had been borrowed, a DTCC spokesperson replied: "Essentially that's accurate." + +THE DTCC and DTC is basically complicit in this whole fraud since they allowed a loophole to exist! This problem was already know before the great financial crisis or could possibly have contributed to the crisis when naked shorts were running around rampant without oversight from the SEC! + +&#x200B; + +Perhaps what is more infuriating is that the amount of lawsuits filed back then doesnt seem to have an impact on forcing the SEC to enforce their rules! +I'm 27 and starting to gather steam for FIRE, and my company offers free advice from a financial adviser so I figured why not. He mentioned that I should keep 1-2 years worth of expenses in either a HYSA, cash value life insurance, or annuity. + + +I've definitely heard of folks here keeping 1-2 years worth of expenses handy in something less risky than equity to weather out bad years and protect against sequence of return risk, but I don't have too much detail as to where to keep it. Wanted to get some thoughts from the community here-- what do you guys do? + +Bonus Q: are any of you even using a HYSA to withdraw from during your first few years of early retirement in case the market tanks, or do you think you're covered by a conservative enough withdrawal rate (or bond tent?) to hedge against sequence of returns risk? + +UPDATE: Keep in mind this is free and provided by my employer, but the dude just scheduled a call with me again and he spent most of the session trying to convince me that cash value life insurance > HYSA as a tool to draw money out of during down years of early retirement to avoid selling investments at a loss. This would result in me being able to use a larger withdrawal rate. Both of our projections have me retiring in ~10 years. I'm not technical enough to really debate himr but the fact that he was pushing it so hard had red flags all over it. Thanks for saving my ass everyone. +Spoke to my bank and they are happy to let our payments go into arrears, but then they said it will effect our credit rating due to the no payments. + +When questioned why I would want to do that, their reasoning was that lenders would <i>hopefully<i> take into account the pandemic and ignore that blemish against my credit rating. + +What are our thoughts? Whats the point in freezing repayments if it is going to probably be detrimental in future??? And then afterwards the payments woukd be higher also? Should we all just eat into our savings if we have any? +Is there anything else besides looking at how price left the zone (strong imbalance= strong zone). I am really interested in L2+Time and sales+volume profile. Currently I only use volume profile. My goal for adding something new to my strategy is to make it so that I can increase the amount of higher probability trades I take while trading less. +Got the idea here: https://www.reddit.com/r/Bitcoin/comments/861bpk/citibank_closed_my_account_after_32_years/ + +Let's close everybodies accounts by sending random strangers money. lol +My mother passed away. Can anyone guess what the bank did? Did they work with us to help us get the estate settled? No, they took this as their last opportunity to rip her checking account for as many overdraft fees as they could while refusing to let us get the account closed. My mother was living month to month on a very small pension and disability checks. Her checking account was set to auto pay her monthly bills (mortgage, heating oil, water, electricity, internet / cable, ect.). When the income stopped, I went right to the bank and asked them to freeze the checking account and stop the bill auto-payments. The bank manager told me that they could not because I was not the executor of the estate. My aunt was the executor so she would have to contact the bank to get that taken care of (My aunt was the only person listed on the will because my mother’s will was the one that the Navy had her make before her first deployment.. which was years before I was born.) So, my aunt called the bank right away and asked for the checking account to be frozen and we would have the bills set to come in the mail to us. The bank manager said “of course” they would take care of that right away. Two weeks later.. they didn’t do anything at all and the account was in the red with over $600 of overdraft fees. That bank manager straight up lied to us saying that the account would be closed when my aunt asked. We went to the bank again to clear up their mistake and they told us that there was no mistake, and we need to settle the account right away. F\*\^\* BANKS! I can’t wait until all banks are forgotten rubble of the past. I hope that our Cryptocurrency community grows and grows, and our freedom lights up the blockchains dooming those corrupt institutions into obscurity. I am going all in on Crypto and I cannot wait until the day comes when I won’t have to step foot in, drive past, or even look at another bank ever again. And I will say it one more time. F\^\*\~ BANKS! +Hello. I'm hoping you guys can help. My 38 year old husband was recently diagnosed with a fatal brain disease. He will be passing away in the next couple of months. I'm also 8 months pregnant so will be delivering soon. I'm at a loss on how to proceed. I have a small life insurance policy for him through my employer (30k) but it took weeks of hospital stays to finally get his diagnosis & there have been many follow up visits as well so we have quite a bit of debt from that. I have a super small amount of savings in our joint checking account (about 3k). I am trying to find out if I will be responsible for all of his medical bills, can they take my car (we only had one, shared), can anyone make claim to the money in our bank account, will I be able to use any of his life insurance policy for his funeral arrangements and what the hell do I do?! I have very little family that has any experience with any of this and since we were in our 30s this was definitely not something we were prepared for. I just want to try and do what I can to get my finances in the best possible shape before baby gets here & before he passes. I don't want to be in incredible amounts of debt if there is any way around it. Any advice would be immensely appreciated. + Sorry if I posted in the wrong section, but I don't know where else to post. I already wrote in the Bitstamp thread, but the post was blocked without comments. + +So 2 weeks ago I saw that my account is blocked, they don't let me trade and also withdraw my funds. I wrote to their support and here is their reply - " in the light of the current events in Ukraine and the consequent regulatory directives, we’ve been required to disable your account’s deposit, trading and withdrawal options" + +I asked for an official notice that all Russian citizens should be blocked, without the possibility of withdrawal. + +I am a simple person, not connected in any way and not supporting the war in Ukraine. I created an account in 2019, verified it, confirmed the legal origin of the funds. + +And now the exchange just wants to appropriate my money, referring to what is happening in Ukraine. + +[u/BitStampOfficial](https://www.reddit.com/u/BitStampOfficial/) I ask you to provide legal notice on what basis you completely blocked my account, as well as many other accounts from Russia. + +Why is no other exchange taking measures like yours?? Two weeks later, your support team cannot give me an answer, but is just playing for time. **TICKET #BIT-1438832** + +I really hope that you are mistaken and the reliability of the oldest European stock exchange is beyond doubt. + +&#x200B; + +https://preview.redd.it/nkj7hoefmjx81.jpg?width=1580&format=pjpg&auto=webp&s=a8059f5d04b1912fb2709cd586cfff2c814c05c0 +My personal take, I would rather fly than be on a cruise. That’s a consumer take, and there are enough people that do not believe in Covid affecting them and will still go on vacations. The latest I keep hearing is that it’s a minority disease, completely unhinged from reality. +Anyone posting about themselves being tired is just spreading FUD. Tired? Take a nap. You know what I’m tired of? The crooked financial system having its way with retail investors and manipulating prices. I’ve been an ape since end of January and I’m not tired at all. My tits are jacked to their tits. + +Pepridge farm remembers when we were down at $120 and no one blinked. PF remembers the drop from 350 to 180. If that didn’t make us tired then how is a constantly rising floor and the head of the NYSE admitting price manipulation making you tired? Seriously have a nap. Walk your dog. Circle jerk for all I care, just don’t post this FUD and hodl. Logging off and waiting is the easiest damn thing to do. Play a video game, smoke weed, sell your kidney for tendies fuck if I care just don’t tell me you’re tired. +I'm going to do some simple math for you apes. I'll use rounded numbers to make it easier. There are 195,000 Computershare accounts, but we still lack 71,000,000 shares being DRS'd to lock the float. let's see what each of us needs to purchase and DRS to lock this float. For that, we take 71,000,000 and divide it by 195,000. + +71,000,000/195,000 = 364.102564 (365) + +365 shares. 365 shares are what each of the 195,000 accounts needs to purchase and DRS in order to lock the float! So what do 365 shares cost us? At the time of this post 1 share of GME is $27.76. Let us multiply that out and get our number. + +365 \* 27.76 = $10,132.40 + +$10,132.40!!! That is a very little number when you consider the impact it will have on the shorts! We could finally show the world what we've known all along! Like Michael Burry said "I'm not wrong, I'm just early." We are early but the world will see and they will wish they too bought in when we did!!! We are on the downhill side of the mountain and we'll lock this float up sooner rather than later! As for me, I am going to try to scrounge up $10,132.40 to speed up the process. I am so ready for the greatest transfer of wealth the world has ever seen to take place!!! + +Edit: Let me be clear, this is not a call to have everyone spend $10k this is just showing you all how close we actually are! +Edit 1: Everybody can live his life the way he wants. Don’t harass, harass do what you want. But as soon as your behavior affects others or is likely to affect a group or individuals you should think twice about what you say, write or do. + + + +I get it. + +The MOASS looks pretty close and inevitable, Citadel and other banks do some overtime over the weekend. Yep, it looks like the Endgame. + +But guys, stay humble, don't dance and chill. + +Let the HF buy up those Reddit accounts and use them to spread FUD. Let them do the drone flights and harass the HF and try to blame us afterwards. True apes should not do such things. Nobody wants apes around who harm others. Even if this sub, DFV and everybody who believes in this is right about Gamestop: Stay under the radar. Write awesome DD, read awesome DD, share your opinion but don't become an enemy or put more fuel into this whole situation. + +Have you ever seen an Ape purposely harass other animals? + +Apes are better than that. +With markets closed today, I figured I'd sit down and take my time to share some of my tips for (options) day-traders. + +Here are the things I've learned over the past few years. + +**- Always know your numbers:** Be realistic when it comes to returns on your trades. What's a currently high yield savings account out there? 1.25%? 2.50%? Keep in mind those are annual returns for the most part. If you were to take your hard-earned money, learned a skill (for life) and decided to take life/money into your own hands (because no one else out there cares more about your money other than yourself - mind your own business so to speak), then you can beat a regular savings account if you work at it. If you entered a small trade, and gained 5-10% on it and repeated it for say 2 or 3 more trades each day, AND are consistent at it, you should make much better returns over the long-term than let someone else or another financial institution manage for you. + +**- Greed kills:** The moment you start to day-trade with options, you may have a winning trade, perhaps even 10 winning trades in a row. This is when you need to be careful. Think of it this way, every morning, before you start to trade, remind yourself what you're really after by day-trading. Extra source of income for the long-term. In order to achieve that goal, you cannot, I repeat, cannot let 1 single trade TAKE OUT YOU OF THE GAME. Trade $10.00 gains over a million trades vs try to make $1,000,000 in 1 single trade. The sooner you start to realize that, the sooner you can refine your daily goals. If your daily goal is to make for instance $200 a day, and you give yourself 4 hours of active trading time, you just simply need to to take that $200 number and split into 1-4 trades (because you'll most likely be able to find/spot opportunities within that 4 hours of active trading time you give yourself). We're talking a mere $50 in profit per trade now at this time (if you were to trade 4 times each day). If you entered each trade with say $250 or $500, meaning that's your ultimate risk at hand while in the trade, what are the chances you can take out $50 in profit? Of course, we're all not including the fact that no one can have 100% win rate accuracy. That's a given because losing trades WILL happen. But again, what are the chances you can make $50 off a $250 "bet"? Quite possible wouldn't you agree? So, keep that in mind BEFORE you start your trading day at all times. + +**- Accept losing trades:** Yes, losing trades are part of this game. The sooner you realize that you can be wrong and change your mindset, the better you'll get at trading. I'm talking about entering a $150 - $250 position, and accepting that you could lose $50, $100 or $150 off that trade. You need to be prepared to take the loss and move onto the next trading opportunity. In my experience of "day-trading" with options, I have and love to see losing trades. It simply means that I am setting myself up properly for trading in general long-term. People that DO NOT accept a losing trade, will eventually cause their own demise in a trade that could take them out of the game (forever). Some people prefer hard stops, but I personally like to train and work on myself when it comes to trading as I would like to hope that I improve daily; so I ultimately make myself press the SELL button when I realize a losing trade. You should try it sometime. It's a great thing. I tend to look at exiting a losing trade as a winning trade because now I can focus and work towards spotting another trading opportunity. Who knows, that next opportunity might make up the losing difference you just experienced and even put you "back in the green" for the day. Think positive. Accept losers. It will go a long way. + +**- Trade what you're familiar with:** Have a small watch list of stocks you follow and trade daily. I'm talking do not scan, spend hours and hours on other newsletters, group chats or forums to spot the next trade. I consider that to be quite wasteful. Remember why you are trading in the first place (yeah yeah, I get it, some just can't get rid of the rush/addiction to "gamble"), but that set aside, we're ultimately all in this to enjoy the freedom that comes with day-trading. Eventually you may be able to stop your regular work-life (whether self-employed or through an employer/job), so you can be your own boss. By simply observing those stocks every day, you get a sense of experience/knowledge that others cannot get because they are not spending as much time with them as you are. You understand if for instance stock XYZ tends to sell off in the morning, because it runs all the way back up into the green. You understand if a certain price level for stock ABC is a magnet and tends to have the stock revert back to that level after every 5-10% up or down move over 2-3 weeks period of time. You will gain "insight" information that will give you the "ultimate edge" in your day-trading. I'd say look for your own stocks. It can be anything that you're dealing with on a daily basis; Companies you understand, you buy products from, anything that interests you, but keep them to a number of perhaps 4-10, and just simply observe them. One or two of them will have a trading opportunity every almost daily. Your job is to spot that opportunity and act, and profit/lose from it. + +I can probably add a few more key points in the future, but it's lunch time with family and friends and I gotta run :) + +&#x200B; + +&#x200B; + +\*\*\*edited: **PART B is here**: [https://www.reddit.com/r/options/comments/gqi2h2/tips\_for\_options\_traders\_daytraders\_part\_b/](https://www.reddit.com/r/options/comments/gqi2h2/tips_for_options_traders_daytraders_part_b/) + +Thanks for all the great comments and feedback about my post(s). I appreciate you all taking the time to read and again, hopefully they can help with your trading. (more to come over time I'm sure). + +&#x200B; + +\*\*\*2nd edit: I did not [anticipate the correspondence](https://imgur.com/a/kkswX3z) when I set my mind to write up those 2 posts 4-6 hours earlier. It's a bit overwhelming to say the least to try to respond to all, but I'll try my best. + +&#x200B; + +\*\*\*3rd edit (05/30/2020): **PART C is posted here**: [https://www.reddit.com/r/options/comments/gtfiq7/tips\_for\_options\_traders\_daytraders\_part\_c/](https://www.reddit.com/r/options/comments/gtfiq7/tips_for_options_traders_daytraders_part_c/) + +&#x200B; + +\*\*\*\*4th edit (06/21/2020): **PART D is posted here**: + +[https://www.reddit.com/r/options/comments/hdftii/posting\_to\_answer\_some\_commonrepeated\_questions/](https://www.reddit.com/r/options/comments/hdftii/posting_to_answer_some_commonrepeated_questions/) + +\*\*\*\*\*5th edit (06/27/2020): **PART E is posted here:** + +[https://www.reddit.com/r/options/comments/hgtk79/dont\_get\_caught\_up\_with\_focus\_on\_proper\_trading/](https://www.reddit.com/r/options/comments/hgtk79/dont_get_caught_up_with_focus_on_proper_trading/) +Maybe too much Mayo memes have made us think that they’re too stupid (maybe too stupid). They’ll want to take advantage of it. + +The Glacier Capital bullshit was too obvious. Maybe too obvious and good to be truth. Remember, even if they’ve done some dumb shit, this people is still very smart. + +I think that they are using this strategy to have a MASSIVE opportunity to cover as much as possible. How? Incentivizing people to DAYTRADE. + +It’s so obvious that if Glacier Capital was margin called, many apes would call out the bullshit and know it’s a fake short squeeze. Hedgies know this, and they also know that this would incentivize many apes to day trade. + +This could be very dangerous because it would help them cover. + +Patience Apes!! We just need to wait and found out how many votes there are to expose those mofos and fly to andromeda. Don’t bite the bait. +Hi all, + +How does Compounding work with a S&S ISA? Let's say you were to stick £20k now into a Vanguard LifeStrategy 80 fund for 10 years. Can anyone demonstrate a realistic example of how the pot could grow? + +I get that value may go or down given the nature of the stocks and shares market but I don't really understand how compounding works in such a scenario. + +How does Vanguard pay into such a LifeStrategy fund and how does compounding affect that? +First of all, I'm sorry for the stupid question. +On mobile so sorry again for bad formatting. + +So my partner and I have been together for 5 years now and she's bringing it up more and more, and my only reservation is the financial aspect. + +We are not poor nor rich, we bought our first home 3 years ago, so don't rent. +My brother has a baby and my sister has a toddler, both of them are much better off financially speaking so when I've asked about it, I feel their answers won't apply too much to me. + +I know there are many variables on how much you COULD spend on a baby, but im looking at the essentials. +Is £300 a month in clothes, nappies, wipes etc. An accurate figure? + +When I asked my friend who is in a similar financial setting as me ( and has a toddler ) he kind of just says "you always find a way" + +If this is the wrong Sub for this then please point me in the right direction. +Beijing is not expected to provide direct support for debt-ridden developer China Evergrande Group, according to a Monday report by S&P Global Ratings. + +“We do not expect the government to provide any direct support to Evergrande,” said the S&P credit analysts in a Monday report. “We believe Beijing would only be compelled to step in if there is a far-reaching contagion causing multiple major developers to fail and posing systemic risks to the economy.” + +Instead of a bailout, Beijing might facilitate negotiations and funding to ensure individual investors and homebuyers are “protected as much as possible,” the analysts said. + +\[Evergrande\] is due to make a number of interest payments for its bonds starting Thursday. S&P said a “default is likely” on those payments. + +Fears over a potential contagion from Evergrande into the broader Chinese economy and beyond dragged the Hang Seng index in Hong Kong by more than 3% on Monday, with the sell-off spreading across the globe. + +&#x200B; + +[https://www.cnbc.com/2021/09/21/dont-expect-beijing-to-provide-direct-support-to-evergrande-says-sp.html](https://www.cnbc.com/2021/09/21/dont-expect-beijing-to-provide-direct-support-to-evergrande-says-sp.html) +I get it, who doesn’t like to scratch that gambling itch now and then on a shitcoin everyone knows is a pnd, but this sub has turned into 50 posts a day all with the same shit. + +*animal* coin earliest you’ll be able to get in! + +Coingecko listing soon! + +Deflationary! + +If you missed Hoge, you’ll be able to make gains in this one! + +It’s time to clean this up and get back to the usual projects that actually have a potential use case and are super cheap. +Their response was "But sir, all banks will soon treat Crypto this way"..... + +And I laughed, and laughed and laughed. I then said absolutely, and they will be known as the ones that went out of business. + +Pretty pathetic that they spout this garbage messaging out there as an attempt to spread more FUD. I've had zero issues with CIBC, who actually happens to be a Ripple partner up here too. + +Silly BMO, you'll lose all your customers.... + +Edit: I closed my credit account because they were denying both credit and debit accounts for Cryptocurrency buying. + +Edit 2: the only downside to this post being popular is all the dipshits bleeding in from across Reddit telling me how stupid I am for investing in Crypto. Or maybe it's an upside, given the entertainment factor. +Hi Everyone, + +I know there are a lot of different ways to get to FI but from blogs, podcasts and here, one theme that always seems to blow my mind is when people talk about their savings rate? How do some people have a savings rate of 50% or more? To me that seems damn near impossible to hit. From my calculations, in my best month I’ve only been able to hit around 30% but most months I’m in the 10-15% range. How do people calculate their savings rate? Is it based off gross or net income? Is their savings mostly automated so it comes out of their paychecks/bank accounts immediately? Or do people just have a crazy high income where they can save 50% or more and still have a life? + +For me to hit the 50% mark, depending on whether it’s calculated off of gross or net I would have to save an additional $1,100-1,800 more a month. I make $56,000. I have roommates and live in a relatively low cost of living city. I know I probably spend too much on going out/eating out each month and would also save more if I didn’t pay for my GF so often (not an argument worth having every time I go out). + +How do you guys do it? Any suggestions, ideas, or personal experiences would be greatly appreciated. + +Thanks +I have a question. I know nothing about calls and puts or options in general. If a stock has been highly volatile in the past, and will continue, what is stopping me from buying both calls and puts far out and selling the calls when the stock is up and selling the puts when the stock is down? Can’t I theoretically make money both ways with this method? If stock is up, sell the calls which are up, if stock is down, sell puts that are up, am I an idiot or a moron? In all seriousness can someone explain this to me. + I (M28) have been virtually homeless since I was kicked out. I finally am getting a stable home with my high school sweetheart (F27) who promised me she would help and support me and love me. she is the only person in my life who has been in my corner who believes I can do more for myself even more then I think of myself. This has motivated me to want better for my life and to enhance hers vs being a leech. I want to get a car, I want to marry her and I want to make her dream come true and get us a house. How should I start? What should I do? I'm used to working fast food jobs and any job I ever apply for always has a take it or leave it type deal with the lowest pay. I want skills that I can sell myself. This is a turning point in my life and I want to finally live. + +Edit 1: Woah I just joined reddit and my first silver! Thank you Kind stranger. + +Edit 2: woah gold also for the first time! And all these awards . Thank you so much. Due to everybody's overwhelming advise, my gf decided we are going to move to the Dallas texas area to help me pursue one of these trade jobs! +Hi all, some background info. My wife and I are mid-20s, combined to make around $25 an hour total together (around 50k), No kids. We have recently gotten our debt under control (back to min payments and most of the time throwing a couple hundred dollars at a time at high interest accounts.) We live in Boise, ID and pay to rent a room for $900, no utilities, safe nice house. After all of our debts, 401k, insurance, taxes, and monthly bills we have about $1700 for savings, food, gas, and other monthly expenses. + +Now, I have been looking back at YNAB and I'm astounded at how much we are spending on food. We aren't wasting food and we cook at home typically about 5 nights a week, and groceries make up close to $400 of that number. The other 2 nights are usually eating fast food before we grocery shop on friday, or going out for a dinner Saturday night. The other stuff that adds up is vending machine, gas station, etc. My question is how do yall curb this? I know the logic behind stopping it, but as far as willpower goes, when I get unexpectedly hungry at 4 pm at work it's really simple to spend $2 on a frozen burrito for a quick pick me up. I have heard of the envelope method, but it makes me nervous having that much cash outside of the bank. + +I just have to stop this bleeding. We could be miles ahead of our expected debt payoff date (APR 2019) if we could cut this in half, which from reading a lot of the budgets on this sub, is doable. + +ANy tips or anecdotes? + +Thanks. +Got a question for you daytrading veterans. I began day trading in the beginning of this bear market, so obviously I do not know what it's like daytrading in a bull market. Is it any easier/better or is it actually harder/worse in terms of making $$$ +So as title explains i have 64k at the moment. Ive been saving hard since i was a kiddo. I'm a farmhand which doesn't pay spectacularly so i want my cash to go the extra mile. So far I've got it all in a term deposit. Interest rates aren't great, but they seem risk-free to me. I'm a complete newbie and have no much of any clue on how the finance world works. I would like to know how i can gain a little more, without risk if possible. +Hello frens, Y'all lookin kinda cute over there. + +So the day the MOASS really kicks off you KNOW the shills will go all out. So I have been planning for this day. No matter what, day 1 is not a day for selling, it is a day for jackin'! The MOASS will likely take days or likely a couple weeks. + +**\*\*Heres some of the ideas I expect:\*\***: + +1: MASSIVE amounts of fake gain porn *in the first couple days*.- screen shots of silly %s and likely LARGE share counts too. "ThIs WiLl ChAnGe My LiFe!" etc etc. This is to make you think others have and are selling. + +The relentless meme reposting is exactly for this reason, IMO, to farm for enough Karma. + +2: Brokers will turn off the buy button again. We pretty much already know RH will do this, as will others. Some wont have a choice from higher ups. + +It wont matter for us, only FOMOers. Basically, get your tickets now before we take off. + +3: Discord spamming and likely mass Discord/Reddit reporting. The point will be to disrupt comms and make us all feel alone. THE WORST THING WHEN THE TIME COMES WILL BE CHANTS OF "HODL! HODL! HODL!" and you KNOW we will be chanting this shit together. + +4: MS Media + +Holy shit, who the fuck knows what they end up saying. I will be turning my phone off and staring at my PC only, for every second the market is open. + +P.S. Have desk snacks n drinks with you ready. When we go, we GO! + +We are all prepped and think we are ready, this will be like our grandparents storming the beaches and running head first into war! This will brutal on us. It will be hard. It will be amazing. Never forget your resolve! Never forget what this all truly is! Remember the INFINITY POOL + +Happy Hype day for tomorrow! + +Peace and love + +EDIT: ape no spell gud + +EDIT2: Shout out to zanonks in the comments +5: *Expect Reddit to go down!* Its for the same reason as above. Divide and conquer, and to stop people communicating. +In researching some as we grow into FAT, I wanted to get some feedback from those here who have used private villa rentals after graduating from High End Resorts. I am used to the upper end of mainstream resorts, (Ritz, St Regis, Four Seasons etc), not quite Aman, but they seem limited where we travel and and more specific to a travelers taste it seems. + +That being said, I was hoping to get some feedback from the group on transitioning from the large resort traveling to a more VRBO style in a private home with chefs, housekeeping, transportation type stuff included. Ultimately we don’t have kids so we would look to enjoy these things with friends that we can turn a private home into our own place to relax. Some places seem to be on par per bedroom with top end resorts (4000-5000/night) for 4-5 bedrooms. They include breakfast and lunch from private chefs, housekeeping, bartender etc. To me it’s not yet worth it for just my wife and I, and it would seem lonely with just us. But as we grow our friends maybe we all take a trip together. + +Can the group here comment on experiences traveling with friends to these types of places? Do you all just chip in for a 1/2, 1/3 or 1/4 depending on number of people? It seems a no brainer if there are 4 of us going (4 couples) to just grab a high end beachfront home vs resort and have added amenities like bartender and chef. + +Convince me one way or another why this is good or bad. +I always feel weird bragging, but it seems people around here like to here success stories, and everyone around me is just super jelly, so it's hard to get any credit for my achievements. + +I quit my job as a software engineer just two weeks ago with $750k in total assets. The number might seem a bit low, but I have decent income from two rental properties, and I'm pretty confident I'll have north of a million within five years from real estate and bitcoin gains. Yes, it's speculative, but if I'm wrong I can always find a job easily and earn the big bucks again for a couple years. + +**Here's my current financial situation:** + +-own a paid off 6 bedroom rental house + +-co-own a 9 bedroom rental house with my best friend. We both live in the basement which has separate kitchen, W/D, two bathrooms, etc. + +-have about $150k in bitcoin + +-have around $120k in cash, which I'm working on an investment plan for. I'll likely throw $40k-$80k into solar panels for my two houses, and put the rest in some low risk ETFs + +**And here's how I got to where I am:** + +-I was raised frugal, and never really cared about the finer things in life, so saving came naturally to me + +-I was lucky to come out of college with no student debt. I did running start, then two years at CC, and then my final two years at university, all while living at home. + +-I've been working as a software engineer for the last 12 years. I started earning around $60k out of college, and most recently I was making nearly $150k + average bonus of $30k. + +-The majority of my adult life I've rented rooms in shared houses because I really like living with others and it's way cheaper. I lived in a closet in a 6 bedroom house, a basement and then an attic in a 9 person house, some other more normal situations, and now my current situation in the basement of my rental house. I was married previously, and even during that time we rented out rooms in our house, it's just the way I like to live. + +-I've cashed out about $300k profit from bitcoin after buying it at $6 years ago. I still hold $150k of bitcoin as I'm very bullish about its future. This big gain put me a few years ahead of schedule on my plans. + +-I made some pretty good returns on gold and silver before I got into bitcoin (I used to be a doomer :) ). + +-I had pretty good timing on house purchases and was able to select two properties that had a very good rental price to purchase price ratio. + +-Overall, I just lived relatively cheaply. Basic things like cooking my own food, going on cheap vacations (camping, cheap hostels, etc.), driving a cheap car (geo metros represent!), not paying for much entertainment, and just enjoying the simple free pleasures and adventures in life. + +**How I got interested in all this:** + +I was a hardcore doomer before I got interested in retiring early. I read things like Ran Prieur, and Derrick Jensen, and through that I learned about the idea of dropping out of society. My first attempt was a foolish one 7 years ago with a mere $100k in the bank, thinking I would just buy land and be self sufficient. Boy did I have some growing up to do. I never purchased any land, but I did end up taking about 7 months off work, but I eventually got back into the game. I finally wised up and realized the world wasn't going to collapse tomorrow, but I never lost sight of my goal of becoming truly free from jobs I hated. + +**What my plans for the future are:** + +Right now I'm just in recovery mode. In the last year, it's become quit apparent that I've neglected my health and let 12 years of desk jobs I didn't like run me into the ground. The last year of work I felt like a complete zombie, just zoned out and waiting for it to all be over. Now I've been walking a lot everyday, and going to the gym 5+ days a week, and I'm bouncing back very quickly. Before quitting I was worried about finding motivation to do things, but now I see that I was just under a state of chronic stress for years, which had killed my natural drive and sense of curiosity about the world. + +I'm not one to be happy just chilling around all the time. I want to build things, learn new skills, create art, see crazy ideas through to completion, etc. I have a ton of ideas, so it's hard to say what I'll end up doing. I really like owning/running community houses, so I might try to acquire another property for this purpose. I have a crazy vision of creating a network of such houses in my city to help build community for those who are seeking it. I also love carpentry and would like to get better at it and build a tiny house in my back yard. + +[EDIT] - better formatting +**My quick thoughts on the subject:** + +* Stocks are down due to recession headlines and higher interest rates +* Eventually stocks should go back up when the economy gets better +* Since high-growth tech stocks are the ones that are getting hit the hardest in this bear market, that means they'll also gain the most when the market recovers. +* I think I'll get higher returns if I get these high-growth tech stocks at a lower price, be patient for them to recover, and they'll give larger returns compared to other investments +This idea just crossed my mind, and I find it curious. +So, let's say some immortal daemon is working infinite number of years. Let's say annual inflation rate is 5%, and daemon gets 5% pay rise each year, to balance inflation. Daemon spends nothing. How much money does daemon have? +Daemon has last year salary S, + previous year salary 0.95 S, + salary from 2 years ago 0.95*0.95 S etc, so formula is + +sum for i from 0 to infinity (S*0.95^i) = 20 S as a sum of geometric progression. + +So Daemon has only managed to save 20 annual salaries despite working infinite number of years and spending nothing! +And no it isn't just because he hasn't tweeted since they started showing tweet views. You can see other peoples' views from old tweets just fine. But when you go to RC's profile you don't see the views at all. Go check it out for yourself... [@ Ryan Cohen](https://twitter.com/ryancohen) + +What's more is that I tried to post on this last night and my post got removed by the mods for no reason at all, I think they are compromised and have been for a while considering they were pushing heavily against booking shares. + +Anyways I digress.. the main reason for my post was just to point out the fact RC is being suppressed and I'd love for some apes to raise hell about it, because it's not right. Whatever the f happened to freedom of speech? + +Anyways love you sexy apes, + +\-Cheers +It's been falling since it started trading in 2020. I already invested a bit when it was 5 dollars before AEP thinking it would go up. Its 0.67 now, went up 10% today. Prolly cause today is the last day to sign up for this for awhile. +Because of system errors they lost a ton of sales during the AEP and did not make nearly as much as they predicted. Health insurance side and Medicare had issues with software. +Well this Gamestop Saga has really gotten me into digging into every single rabbit hole as to how we can have gotten to this point. One of the main things that kept tickling my taint was Congressional involvement. Come to find out, Just about ALL of them with 2 terms or more are corrupted. I base this assertion on the MASSIVE PILE OF FAILS TO REPORT. This is all public information. It is required by law to be reported. All the "sauce" you need can be found here [https://ethics.house.gov/sites/ethics.house.gov/files/documents/CY%202020%20Instruction%20Guide%20for%20Financial%20Disclosure%20Statements%20and%20PTRs.pdf](https://ethics.house.gov/sites/ethics.house.gov/files/documents/CY%202020%20Instruction%20Guide%20for%20Financial%20Disclosure%20Statements%20and%20PTRs.pdf) + +Short and sweet; + +Congress created the Ethics in Government and Stock acts to give the appearance that they were above board. + +Congress then has NEVER updated the fines for failing to report (Since 1978). Guess what those fines are? 200 BUCKS. + +That's right apes. Your government representative can trade as much as they want, and fail to report those findings as much as they want, and it is only a 200 dollar fine per occurrence. + +No wonder Nancy Pelosi...and just about every other member of the house is against the bill to end congressional stock trading. They can inside trade all they want, and then spend a YEAR without filing their 13f's and all they face is a 200 dollar fine per month. + +By the way...just additional information. All the bills that were introduced last year to fix this mess are all DEAD...gone...Kaput...burried. I DARE YOU to find an ACTIVE bill in the house or the senate that has a vote coming up before November. I couldn't find a single one. + +The CORRUPTION STARTS AND ENDS IN CONGRESS. Without Laws and without accountability..the Malignant Narcissists in Wallstreet and Banking have no Guardrails to stop their greedy theft. This country is well and truly FUBAR +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Thursday was the Nasdaq's largest one-day decline from a record high in its history, according to Bespoke Investment Group. + +All three major indexes finished the day sharply lower. The Nasdaq closed down nearly 5%, and the S&P fell 3.5%, while the Dow finished 2.8%, or 808 points, lower. + +So, what happened? + +For one, the Nasdaq has been outperforming the other two major stock indexes — the Dow (INDU) and the S&P 500 (SPX) — for months. The rally has been going on for long enough that investors are now taking profit. + +Even so, the Nasdaq remains up nearly 28% in 2020, still far outpacing its counterparts. The Dow, which only recently turned positive for the year, is back in the red. + +"Although there is no single driver for the weakness, it seems as if investors all of a sudden realized how overbought stocks are and sold. Someone yelled fire in a crowded theater and everyone left at once," said Ryan Detrick, chief market strategist for LPL Financial, in emailed comments. + +But there are also technical reasons for Thursday's decline: As US-China relations sour, investors are moving money out of tech, which could get hit the hardest from a potential increase in tariffs. + +"The Nasdaq is getting hit hard with the continued rotation into cyclicals and expectations big-tech will ultimately pay the cost to a further deterioration with US-Chinese relations," said Ed Moya, senior market analyst at Oanda. + +Stocks in cyclical sectors are expected to perform better as the economy is recovering. + +The Big Tech companies such as Amazon (AMZN), Google (GOOGL) and Microsoft (MSFT), all of which are part of the Nasdaq, have become the safe-haven investment of the summer. But investors have beginning to wonder when the rally will run out of steam, either because of increased regulation or because the economy as a whole picks up enough to void the need for safety picks altogether. + +\-- [https://edition.cnn.com/2020/09/03/investing/nasdaq-selloff-stock-market-today/index.html](https://edition.cnn.com/2020/09/03/investing/nasdaq-selloff-stock-market-today/index.html) +I tend to see one or two articles a week on the "next crash". Doom and gloom gets clicks for these sites I suppose. But the trends shown in this analysis peaked my interest more than others as I have been following the dept markets for the last 12 months with growing concern: + +http://www.zerohedge.com/news/2017-06-10/us-weeks-away-recession-according-latest-loan-data + +Interested to hear your thoughts on the matter? Do you have any further supporting data? +Hopefully this is the correct sub. Some info: I pay $135/month for my car on a 60 month loan. Still have about 36-37 months on it. And roughly $4,500. Need car since I work on the other side of my city, can't work from home, and need to get my kid to babysitter and back. I also lead a weekly comedy meetup that runs at night as well as perform a couple of times a month. + +Last month, my car stalled out on me. I took it to one shop who wasn't able to diagnose or fix it. So I took it to the dealer. Ended up being electric/computer related. In addition, they had to clear out the fuel line as I guess E85 had somehow gotten in there. That cost about $1,350 total. Three days later, my car stalled out the same exact way again. So I took it back to the dealer and this time it was the intake boot, or something similar. I was pretty upset and was able to get the dealer to cover half of the labor and repair. So that only cost me about $120. + +So now, about a week later, my car is acting up again. I already spent all my money (as well as take up new debt via $500 credit card) getting my car fixed. I don't even have the money at the moment to get it diagnosed, much less fixed. Car is outside of warranty as it recently passed 150,000 miles. + +I've been thinking about just selling it or trading it in to get a new car, but best case scenario, my car gets maybe $1,000 if I trade it in which leaves me with over $3,000 left on the loan. So I can't trade it in. And rolling it into another loan will take it past what I'm able to afford each month. + +At this point, I'm stuck and have no clue what to do. I can't get a second credit card. A loan is just going to compound on the problem, and I can't afford to get the car fixed which means I'll still be paying on a car I can't drive. + +Apologies for the rant. Thank you for reading. Any advice would be helpful. + +Edit: To clarify, this time around, my car isn't doing the same thing as before. Now it is jerking/hesitating while driving. No DTC lights are coming up though. +Is this considered a good move? or it doesnt really matter? + +I am currently shopping for a house and one of the areas I am looking at has a state university. I am thinking about moving out after about 2 years and rent out the property. + +Does the university being close by help in any way? I am thinking it would be easy to rent out the place once I move out (due to students moving in every year) + +What are your guys thoughts on this? + +Thanks +I'm very interested in real estate investing, that's what i'd like to do. My end goal is to be full time looking for deals, renovating deals, and renting out for long term cash flow. + +&#x200B; + +What would be the best job to get me going on that? I'm interested sales so I was thinking perhaps becoming a realtor. Maybe specializing in investment real estate. + +&#x200B; + +Would perhaps a property management company be a better choice? Property management would be a set salary which might take less time to get approved for loans. + +&#x200B; + +Any advice would be much appreciated! +Bought a property and now have found signs of mold and moisture damage that was covered up before sale. The neighbor has informed me that the previous tenant had a grow operation in the house. +What’s the best route to follow up on this and where could I possibly obtain information that would show the sellers knew? +I started talking with Mark and Mt. Gox about 14 days ago - here is my take + +When the Bitcoin withdrawals were halted I contacted Mark and offered capital and help to fix the exchange. + +At the time I assumed it was only a technical and management challenge and the conversation with Gonzague and Mark didn't indicate anything other than that. + +They provided me with financial statements and other info and I talked over the need for Mark to step aside and a real and professional management team to step in and fix the PR issues, the outstanding US lawsuit issues and of course the technical issues. + +My simplest plan was to see if this could be transported to another exchange in a mass migration effort, entirely scrapping the old Gox programming, fire Mark as CEO and install a real team, immediately settle the lawsuits and immediately go on a road show communicating with customers about the exact status of their accounts. + +We figured if we could retain even a third of the customers and build back trust with a new team and brand it would be a win. + +I've got a lot of experience in tech and especially finance, brokerage and money management but fixing something as messed up, complex and broken as Gox (even though I didn't realize it was more messed up than I thought) quickly is beyond my skills alone. + +I talked to one of the top Bitcoin geniuses who is a large holder to see if he was interested in helping (he said he had too much on his plate) and I talked to a leading VC firm who mulled it over but then figured the logistics of moving from Japan to the US as well as outstanding broken issues combined with over Bitcoin volatility was too much of a mess. They did put me in touch with another very major Bitcoin player who I spoke with and we agreed, in principle, to try to save Gox if Mark was willing to step aside and not be bull headed about valuation (which we felt was almost nothing now beyond assets) + +I talked to Gox again but we didn't really move forward. + +A few days ago, when the anonymous memos started surfacing I emailed a few times asking for them to give more clarity to customers. I got a note from Mark which said "we will have an announcement on Friday". We now see that. + +Like Charlie and others have said, the entire time it did not seem at all that Gox had lost the coins. Why would they have bothered even talking to me? Surely they didn't think an investor would cover the coin losses (by the way, sadly, no, no investor would bail out Gox like this, there would be no way of getting an ROI on that investment) -- + +Part of me is still optimistically hoping that Mark is just being profoundly bad with PR and trying to under-promise and over-deliver and has at least a good chunk of coins and will try to "fix" things. His behavior and manner and communications were not at all like that of someone who either 1) lost 800,000 coins or 2) was pulling a major con. + +I don't get it. There are many unanswered questions. How exactly can 800,000 coins disappear? What manner of thief could do such a thing? When was this noticed? By what mechanism? What exactly did he say in the press conference? Did he say hack or thief? Did he simply lose the keys and is covering from embarrassment? Could someone have threatened him into giving them up? Could there be some other third party in play here? (When you talk about hundreds of millions of dollars even grand conspiracies of mafia, terrorists or government are not off the table) +Why was he trying to program the transaction issue? Are these Gox wallets people tracked real? +So many questions. Hopefully we get answers. + +I won't give any info on contact for Mark or any Gox employee -- his life could be in danger and I won't be responsible for giving that info, sorry -- he reached me though a response to his regular contact form ....I also won't answer any questions about the other parties because these conversations were private. Typically I never release any information about any business conversation ever....however this is such an odd case with so much at stake for so many I feel I need to give whatever info I can which could in some tiny way give some insight. + +I am really sorry to all who lost coins, I also lost a small amount of coins. Fortunately not a huge amount for me -- + +This episode is a sad chapter for Bitcoin- I feel like my good friend and little buddy Bitcoin has been punched in the head. It's so sad to see this blow to the reputation of our new technology. + +Of course I still completely believe in the tech and this issue doesn't shake my confidence in Bitcoin itself much, but I'm sad to see that thousands had such a bad experience and the inevitable press and other issues which will arise from this. + +Good luck to all. + +For those of you who lost coins, please keep a big picture view -- it sounds annoying perhaps but every day when I travel I meet people who can never afford even the most basic needs like food. Whatever hard times you have in life will pass. + +I believe that those who lost greatly will in general recover and hopefully stronger and I believe Bitcoin in general will recover and both the currency and technology will change the world and grow beyond most peoples dreams. +The other day I went into this website called livejasmin and ended up spending some money. +That got me thinking. +Is there any way of investing in webcam girls? + + +ANZ Bank is putting some Melbourne postcodes under tougher scrutiny when it assesses mortgage applications as it prepares for a wave of property foreclosures next year when customers default on loans in the wake of the coronavirus crisis. + +Borrowers looking for more than $3 million to buy luxury properties in Melbourne are already being asked by ANZ to stump up at least a 30 per cent deposit, and the bank is applying WA-style loan-to-value caps of 80 per cent in some areas of the city, meaning a borrower would need at least 20 per cent in equity before qualifying for a loan. + + +ANZ group executive Mark Hand: "Post-Christmas we will start to see what customers can trade out of this and which customers will be in trouble going forward." Paul Jeffers + +The magnifying glass on riskier Melbourne postcodes, which the bank has not disclosed, comes as a sense of frustration washes over the city after the government announced a prolonged timeline for exiting strict lockdown. + +ANZ's head of retail and commercial banking in Australia, Mark Hand, said during a briefing on the bank's ESG efforts on Monday that low interest rates would allow the bank to support many struggling customers. This would include extending loan terms, or moving them to interest-only repayments. + +Mr Hand pledged to give customers "as much breathing room as we can to help them get back on feet". + + +But when it comes to assessing new borrowers or customers wanting to upsize in Melbourne, he said the bank is adopting a stricter approach, especially in areas it considers overvalued despite recent falls across the city. + +Asked whether the possible 15 per cent decline in Melbourne house prices forecast by the bank's economists meant ANZ would require borrowers to stump up at least a 15 per cent in equity before getting a loan, Mr Hand said "we do have postcodes where we won't exceed certain LVRs [loan-to-value ratios]". + +"It is not a blanket approach to the whole of Australia, but there are pockets where we won't lend beyond an 80 per cent LVR, and there are pockets that have certain property types – particularly at the top end of luxury properties – where we have more conservative appetite of sub-70 per cent [LVR] in some cases," he said of the Melbourne market. + +A sad reality of the business we are in is that we do need to wind people up. + +— Mark Hand, ANZ Bank + +Similarly, he said ANZ had for several years adopted a "more conservative lending appetite" in parts of Western Australia where it thought property prices were too high. + +ANZ and other major banks are beginning six-month check-ins with customers this week. Mr Hand said an agreement with regulators would allow some repayment deferrals to be extended by a further four months, “particularly with what we are seeing with the second lockdown in Victoria". + +"That is another lever we have open to us in the coming months, if that is needed,” he said. + +ANZ has lifted staff numbers in its foreclosure teams and chief executive Shayne Elliott said on Monday the lessons of the Hayne royal commission remained fresh in the bank's memory. + +He said the most difficult cases of foreclosure would be done sensitively and the bank was prepared for added political and media scrutiny on its decisions. + +“A sad reality of the business we are in is that we do need to wind people up," he said. + +"We understand our business is about balance. We know we can’t keep everybody happy. It is our job, sometimes, to make some hard decisions with customers, and we have the resilience to have to continue to do that. + +"But it will be our early actions, our sense of purpose and our sense of ethics, that set us up well to deal with this." + +“There will be a much higher degree of oversight and interrogation on how we go about our business, and we are prepared for that," Mr Elliott added. + +The number of business receiverships is "expected to accelerate, particularly into next year" and Mr Hand said that after the Christmas trading period – which is expected to be buoyant – "we will start to see what customers can generally trade out of this, and which customers will be in trouble going forward". + +Losses from the recession of the early 1990s did not show up in ANZ's books for up to 18 months after it officially began, he said, and while the bank has already recognised more than $2 billion in provisions for this crisis, "we think we will be very busy into mid-2021, and through to the end of 2021, facing into this challenge". + +https://www.afr.com/companies/financial-services/anz-requires-larger-deposits-for-high-risk-melbourne-postcodes-20200907-p55t4o +He has his 2014 annual budget posted and didn't include his $1600 E-Bike purchase because it was a "blog expense". What else does he hide from the budget that others who follow his FI ideas can't hide? + +What bothers me most is his high deductible insurance and "don't ever get sick" fantasy. My family of four who are good health have spend $5k at least on deductibles in the past few years - sports injuries, ER trip, etc. Saying you can live on $25k a year with a $10k deductible is not sustainable. + +edit: annual not auction budget. +so to make a long story short my father passed away suddenly. he has a safe, a safety deposit box, a car, a house that isnt paid off yet and life insurance. mostly everythinh is in my name and i dont live at home what can i do to ensure that everything is managed correctly? +I actually used to be a staunch supporter for implementing NFTs into gaming and to some extent I still am. But I quickly came to understand why so many gamers don’t want NFTs being implemented into their games. + +The simple answer is greed. The way NFTs games are being implemented is targeted solely at making profit and nothing else. +Sure, one of the greatest perks and motivators behind playing NFT games is the fact that you can make some money off of them but that shouldn’t be the main and only focus. + +The main focus behind a game is the entertainment. The experience. +But we’ve all seen how the majority of NFT games ignored that entirely and focused solely on the profit making process. + +There are always going to be some exceptions. Aavegotchi for example has stood the test of time so far and we are in fact still seeing some organizations like BitDAO funding some solid gaming projects in development like Game7. +Them allocating half a billion dollars for decent and entertaining NFT gaming projects like Game7 actually still gives me a tiny bit of hope for NFTs being implemented into major games. + +But if we don’t see similar funding being allocated towards quality and entertainment, then forget about seeing NFT anywhere near mainstream games. +This is the main reason gamers hate NFTs. They know that it's just a cash grab even though it could have taken a completely opposite direction and it still has time to do that as well. +Reposting this from r/bitcoinmarkets. We haven't seen this scenario yet, but we are seeing the stocks at sky high, there have been speculations that the stock markets are in a huge bubble and that the crash this time will be much worse than 2008. Any thoughts? + A lot of restrictions are set for a normal investor if they ever considered getting early access to projects. And That’s so unfair. I am looking to diversify my portfolio and doing it alone is really hard. Sometimes it could be really hard for us as investors to figure out how to get exclusive access to projects or how to even buy them and choose the right network. + +I think I am losing my chance here with all of these new projects emerging in the crypto space. +I'm curious to those who are trading above six figures ($100k+) what type of tools do you use to stay up to date with trends, what trading websites (cryptocompare, tradingview, etc.), what security methods do you use to store funds, which exchanges, etc.? I want to get into larger volume trading and prepare myself. Not necessarily day trading though..just large volume portfolios. Thanks +*I am a total beginner* + +Hi guys! I invested $1278 back before litecoin hit $350 and managed to triple my money on my first investment ever, but unfortunately I wasn't at all experienced within trading and went some time without checking the prices at litecoin peak, and before I knew it I had lost most of my profit (no big deal, I had invested expecting to lose money, and didn't invest more than I was comfortable losing). I eventually decided to keep the money in litecoin as a 5 year plan in case litecoin might spike in the next coming years. + +I've now been thinking of investing the money I have left in something else in hopes of making my money back or maybe profiting, so I thought who else to ask but you guys who are most likely way more knowledgeable than me about this kind of stuff. Currently I'm down $795 which means I'll have about $490ish to potentially invest. + +My question is: should I just let the money sit or invest in something else, if so, what? + +Thanks guys:) + Ok listen up fuckbags, I spent some time in the weekend sniffing the green crayons I found and chewed the black ones. But I also did some research on what to do when you get a huge influx of money like you retarded ape are about to get when you sell each share for 500k. + +&#x200B; + +I would like to state that fuck you Kenny G, and that the SEC can suck my trail mix. But I am not a financial advisor and you should not listen to me. We are not a group, and there is no we. + +&#x200B; + +First, I would like to address why you should miss the peak and sell on the way down. If you ape sell a share before the peak, you limit your upside of selling that share at a higher price AND you limit how high the peak can go, by adding liquidity to the market you help shorts leave their positions for a bargain and at the same time you screw other apes by limiting how high the peak can go. If you wait out and sell AFTER the peak, you allow the price to go its full way and you alongside other apes can sell their shares for a higher price even if you don’t sell at the peak I believe it is better to hold, miss the 1M per share peak and start selling at 700k instead of selling at 100k missing a possible 600k profit PER SHARE. But that is just me, do whatever the fuck you want. I don’t give a fuck. Again I remind you this shouldn´t be considered a coordinated sell because well, it is illegal. + +&#x200B; + +Now, once you stupid uneducated ape gets a hand on millions and for some even billions of dollars, you are going to have to start growing wrinkles in that brain of yours because if you don´t the money will leave your hands just as fast as it came and the world will not become a better place turning the greatest transfer of wealth in human history to a massive lotto winner curse that just bankrupts us. + +&#x200B; + +You should spend some time at least watching YouTube videos and figure out what to do with those humongous amounts of money. I will leave you some tips I found in my research. + +&#x200B; + +1. Do not tell anyone + +&#x200B; + +Keep it to yourself, process it, don’t go around telling people you are rich, you will only put yourself at risk or just compromise yourself to fake friends or people asking you for money. + +&#x200B; + +2. Get financial advice (real one) + +&#x200B; + +It is worth going to a credible institution and get help from them, you should get a lawyer, accountant, and a team to help you and assist you with all the problems and difficulties that moving, investing, and spending all that money come with. + +&#x200B; + +3. Pay your taxes + +&#x200B; + +Save some money for taxes, advisors help with this but make sure your money is clean and free of any legal or federal compromise so you can use it freely without having to hide or risk going to jail for any funny business. + +&#x200B; + +4. Pay off your debt + +&#x200B; + +Liquidate your credit card, your mortgage if it has a high-interest rate, and any other debt you are in, learn how to use debt to your advantage in the future. + +&#x200B; + +5. Hold the money for at least 6 months in your bank account + +&#x200B; + +You will have all kinds of crazy ideas of what you will be able to do with the money, let those ideas settle and mature, by not touching the money for some time you will filter out the crazy stupid ideas and keep the valuable ones, be smart and make a plan on how and what to spend the money on. + +&#x200B; + +6. Don’t quit your job (yet) + +&#x200B; + +We are humans and we need productivity, I don’t mean to keep your 9-5 job forever, but a huge amount of change in a small period of time will make you lose your ground. Start making a plan from today and make the changes bit by bit, let some time pass, make sure you are going in the right direction and you are doing what you want, and what is best for you. I will probably dedicate myself to start a foundation and maybe some businesses but make a plan, start slow and make the changes over time after a good amount of thought. + +&#x200B; + +7. Invest in yourself, get healthy + +&#x200B; + +Learn, grow, become wealthy in your head, change your mindset, learn how money works and how to use it, this will allow you to grow your money further, and most importantly, stay wealthy. Learn all of this so you don’t get scammed or stolen from excessive fees in the financial business. Also, work out and stay healthy, I want you to enjoy your money for a long long time. + +&#x200B; + +8. Do not invest in friends businesses or start a business alone right away + +&#x200B; + +It is a tempting idea but doesn’t go around giving money or investing in any idea your friends have, stay smart, and go little by little, learn about how business works, and don’t spend a huge amount of money investing or starting a business by yourself, read the book “Lean Startup” + +&#x200B; + +9. Prepare for change + +&#x200B; + +I mean, everything, from friends to lifestyle, to wellbeing, to opportunities but also prepare to be the target of greedy or evil people who will want to take money off you. + +&#x200B; + +10. 5% rule + +&#x200B; + +Read about it, but basically, you live off what your money produces, you don’t live off your tendies directly instead you live off what your tendies produce. + +&#x200B; + +11. Play it safe + +&#x200B; + +You are already rich, don’t risk it buying weekly tesla calls. Don’t be stupid, stay rich and use your money to grow your wealth, to improve your own life, your family´s life, and the life of those around you. Start a foundation or become a Patreon of one but don’t donate huge amounts of money all at once, diversify, become a monthly contributor that way you can learn about the real needs of each nonprofit and you can help more of them. + +&#x200B; + +Suggest additional things you think are important in the comments and I will update the post. + +&#x200B; + +Godspeed retards, see you all on Alpha Centauri. + +&#x200B; + +Positions: Fuck you, the floor is 100k, ceiling Infinity and will average sell at 500k because fuck you Kenny G 🚀🚀🚀🚀🚀🚀 + +Edit: Many have asked “How do I know the peak has passed, there will be huge swings in price and how do I know it wont go up again” I believe there will be better DD about this in the next few days but one thing I can say is that there will be momentum, when the momentum is upwards, there will definitely be dips but this dips and highs will be higher each time, the low and high of the day will have an uptrend, the opposite happens when the momentum is downward, we will see spikes and dips but they will be lower and lower, hope this helps your polished brains out! +Source: [https://finance.yahoo.com/news/corsair-gaming-reports-record-first-110000957.html](https://finance.yahoo.com/news/corsair-gaming-reports-record-first-110000957.html) + +**First Quarter 2021 Highlights** + +* Net revenue was $529.4 million, an **increase of 71.6% year-over-year**. Gamer and creator peripherals segment net revenue was $175.9 million, an **increase of 131.9% year-over-year**. Gaming components and systems segment net revenue was $353.5 million, an increase of 51.9% year-over-year. +* Gross profit was $160.3 million, an **increase of 103.9% year-over-year**, with gross margin of 30.3%, an improvement of 480 basis points year-over-year. Gamer and creator peripherals segment gross profit was $68.9 million, an **increase of 211.1% year-over-year**. Gaming components and systems segment gross profit was $91.5 million, an increase of 61.9% year-over-year. +* Operating income was $67.3 million, an **increase of 404.5% year-over-year**. +* Adjusted operating income was $80.4 million, an **increase of 221.4% year-over-year**. +* Net income was $46.7 million, or **$0.47 per diluted share**, compared to net income of $1.2 million in the same period last year, or $0.01 per diluted share. +* Adjusted net income was $58.2 million, or **$0.58 per diluted share**, an **increase of 420.4% year-over-year** compared to adjusted net income of $11.2 million in the same period last year, or $0.13 per diluted share. +* Adjusted EBITDA was $80.4 million, an **increase of 196.6% year-over-year**, with adjusted EBITDA margin of 15.2%, an improvement of 640 basis points year-over-year. +* As of March 31, 2021, we had cash and restricted cash of $125.6 million, $48.1 million capacity under our revolving credit facility and total long-term debt of $294.3 million. +* Cash flows from operations **was $27.8 million, which increased from $2.0 million** in the same period last year. + +&#x200B; + +**The Company is updating guidance for the full-year 2021:** + +• Raising net revenue to be in the range of $1.9 billion to $2.1 billion from $1.8 billion to $1.95 billion. + +• Raising adjusted operating income to be in the range of $235 million to $255 million from $205 million to $220 million. + +• Raising adjusted EBITDA to be in the range of $245 million to $265 million from $215 million to $230 million. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I keep seeing people recommending against buying one bedroom flats. They say to think about when I get kids and need more space. They say that the spare room can be let to a lodger to help out with a mortgage. They say that they are harder to sell and have a lower resale value. + +But what if I don't even intend to think about starting a family for at least the next 5-8 years? + +What if I explicitly do not want another person to live with unless they are my partner? And I'd rather rent a studio for "work from home"? + +What if the flat in question is not a tower block with problematic cladding but rather a Victorian tenement in a desirable larger city. Is paying 30-40% for a spare room enough to justify how supposedly easier it'd be to sell? + +Are those valid reasons for why a single bed flat might make sense over a two bedroom flat, or am I just trying to justify it to myself? +As I write this at 9:10 CDT, $GME is up 5%. **A solid, solid green day.** + +Yesterday I [argued in some DD](https://www.reddit.com/r/Superstonk/comments/ndzxdh/origin_stories_an_uncovering_of_more_ftd_cycles/) that **there are not one, but at least FIVE active FTD cycles**. This explains the previously random 3%+ upswings in GME through identifying the data at which the initial naked short sell scam began for each cycle. + +**I did not include April 16th as an origin date because we did not have confirmation** of a solid green day. + +Given this morning's price movement, **I am highly suspicious that April 16th initiated a new cycle.** + +Here's why: + +1. **Seemingly unexplained, yet significant upward movement in price**. No catalyst, news, or visibly large buys. +2. **April 16th was a monthly options date**. These are dates that were the only available options month or a year prior to the date, meaning there was a heavy concentration of positions. More importantly, a heavy concentration of positions far in the money (the strike price of the option was well below the price of GME). +3. **Brother** u/deepfuckingvalue\*\*.\*\* Many of those far in the money options were his at $12, which may have provided him possibly more than a slight ability to effect price on his own. He also bought 50K more shares. +4. **Strong buyer sentiment.** Do you remember how many people were on the sub alone hitting refresh to see what DFV did? Now consider Twitter traders who might take a position for fun just in case we are right? The world watched to see what happened that day. And, after hours price rose. But, should it have gone up more? + +Edit: This is pure speculation. Another thought is that April 19th(Monday) gapped up and hit a high of $175. Then over the course of the 19th and 20th they dropped it from down to $153 over those days. That's a price reduction of 12.5%. Let's look for confirmation tomorrow and Wednesday. + +**Conclusion:** + +My belief is that April 16th was the initiation of a new 21-day FTD cycle. They heavily shorted the stock to fight back buyer sentiment during regular trading hours, likely matched DFVs 50K new share purchase in after hours, and battled upward pressure due to calls being exercised. + +Only time will tell... + +Tick tock, + +u/suspicious-singer-243 +Hello, + +Let me start off by saying I am not a financial advisor and these are my personal beliefs on the facts provided. + +AMC is the most held stock on Robinhood. People are not selling. When the entire market was dipping yesterday what stock was holding it's bottom? AMC + +AMC rose 11% at around 11am yesterday with only 3mil in volume. IMO (because we never truly know what happens in the background), hedgefunds are hiring out media and buying bots and reddit accounts to push Weed stocks. If 600mil was pushed into AMC and not weed stocks, it pumps +2000% because THE MAJORITY IS NOT SELLING. Hedgefunds can't even get the price lower anymore. + +AMC is not dipping anymore and is constantly attacked on discord and on this sub because they don't want you to see the potential. AMC FOUND ITS BOTTOM. YOU ARE SUPPOSED TO BUY THE BOTTOM. AMC. WILL. MOON. + +Please upvote and share, get the word out, don't let them distract us. + +&#x200B; + +**EDIT**: I apologize if this is breaking the rules since there is a sticky thread for AMC.. but I feel this needs to be seen and spread. + +**EDIT2**: Hedgie bots and bought out reddit accounts never seem to respond to me and just downvote when I speak facts + +**EDIT3**: They are trying to downvote this so hard lol, upvote/downvote fluctuations are insane on this post + +**EDIT4**: Now im getting follows on reddit by new reddit accounts.. don't follow me hedgies lol + +**EDIT5**: Weed stocks are dumping, hopefully that volume shifts our way, it would be insane + +**EDIT6**: You can't even short AMC anymore, WE ARE ABOUT TO TAKE OFF!!! + +**EDIT7**: AMC comments are now being deleted from WSB discord, WSB is fucked right now, we're not fucking selling, WE'RE STILL HERE! + +**EDIT8**: Changed my discord Icon to AMC, replacing AMC with 'THIS STOCK' for my posts so I'm not filtered out. Smarter than the mods/bots ;) + +**EDIT9**: 91k volume for AMC, lmao, no one is selling.. 30k now. I think we hold all the stock now XD + +**LAST EDIT**: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Hi! + +I'm a software developer and I'm almost 40 years old. I always wanted to create a systems-dependent business, i. e. one where revenue is not tied to me working (where I don't sell my time for dollars). + +By "business" I mean a source of income that would generate enough money for two people living in a Western country, with one of them (me) working for 40 hours per week (that would be 4000-6000 Euros after taxes). Ideally, that source of income would be location-independent so that I can live wherever I want. + +I also prefer to work as a freelancer without a boss and without employees to manage. Also, I'm getting older and I want to have a source of income where nobody can fire me (or make me retire) because of my age. I was looking for a business idea that would provide money for me when I'm too old for the labor market (I don't want to rely on the state pension system). + +Recently I had a business idea that seems perfect for me. Therefore, I want to do a [pre-mortem](https://en.wikipedia.org/wiki/Pre-mortem) -- I would appreciate, if you wrote in the comments all possible reasons this strategy could fail. I value honesty over politeness, therefore be as direct as possible. + +**What is the product I want to create?** + +Trading algorithms. + +**How much do I want to earn?** + +Between 48,000 and 72,000 Euros per month after taxes (55,000 -- 83,000 dollars) per year. + +**How do I want to achieve that goal?** + +The road to that goal consists of two phases: + +1. Learning +2. Operating + +**Phase 1: Learning (1-5 years)** + +First, I would learn the basics of quantitative finance and try out the concepts in IPython notebooks. This is important because I learn things through experimentation. + +Second, and most important: I would develop trading algorithms on Quantopian (or any other platform with similar functionality), run backtests on them, and submit them to their contest. In scope of that contest the performance of trading algorithms is evaluated over a period over 60 days on current (non-historical) data. + +Latter two items (backtests and the contest) would give me feedback, which is crucial for learning. Especially the backtesting looks like a way to get feedback on the quality of my algorithms fast. It almost looks like I could use [deliberate practice](https://en.wikipedia.org/wiki/Practice_(learning_method)#Deliberate_practice) to become better. + +I don't expect to earn any profits during that time. Therefore I will work full-time to support myself during this time and work for about 20 hours per week on trading algorithm business (20 hours per week in addition to a 40-hour job is definitely doable according to my time tracking statistics). + +**Phase 2: Operating (after phase 1 till my death)** + +This phase starts when I have developed several well-performing algorithms on a regular basis. + +Now I could + +* license them to other people or institutions (i. e. they buy the code of my algorithm and use it to invest their money) and +* use them myself (I invest my own money) via a platform like [QuantConnect](https://www.quantconnect.com). + +**Why do I like this idea?** + +* **Fun:** I could earn money by following my interests. I always wanted to know how the economy works. In order to develop successful trading algorithms, I will need to deepen my knowledge in economics and finance. Also, if I manage to create profitable trading algorithms, this will be a proof that my understanding of how the economy works, is correct. In fact, I came up with this idea after asking myself "How can I make money doing macroeconomics?". Learning about economics (with finance being part of it) is fun. This can help push through the learning phase. Also, I tried to get into finance in my youth, but it failed (I approached the whole thing from the wrong angle). Building this business is like making my childhood's dreams come true. +* **Fast and easy feedback:** It's very easy to get feedback on the quality of my product (the algorithm). At least one platform gives you several metrics on how well your algorithm performed in real life (tells you where you can improve). This is different from most other products. For example, if the product is an app or a web site, it's challenging to find out whether or not it will be useful for the target audience. Even finding people who would give meaningful feedback on a product idea is hard because most products and services are so multi-faceted. +* **Tailored to my personality:** I like situations, where I can make money based on my skills. Like, I come to a company, they ask me to do a test task, and then hire me based on results. Some of the companies that hired me that way didn't care about my personality, whether I can present myself, whether I'm likable, whether I had experience etc. I assume that when I sell trading algorithms, it's the same -- my skills matter, my personality doesn't. Analogy: Imagine a weight-lifting competition. A shy person whom nobody knows walks in and lifts a record weight. He or she will get the prize, regardless of his personality and whether or not they have connections. (And if that person is too weak, they will know exactly by how much.) +* Contrary to most other products, an algorithm can sell itself. That's good because I'm not a particularly good communicator. +* I can re-use my programming skills to generate a semi-passive income. +* I assume you can do this business from any place in the world with a good enough Internet connection. +* Value for the customer is easily visible. I can see how much money an algorithm can generate for its owner. It is much harder to estimate the financial upside of an app, a web site, a gadget, or a software development service. This means it is easier to sell a good trading algorithm than a good app, web site membership, gadget, or software development service. + +**What can go wrong?** + +I am aware of the following risks to this plan. Feel free to comment on them (especially, if you consider a particular risk very, very unlikely) and **add your own ideas of what can fail**. + +* I fail to acquire the knowledge and skills required to create quality algorithms (fail to complete the learning phase). + * Counter-argument: See the part about fun. On several occasions in my life I did things related to economics and finance out of pure interest. The earliest time when I got interested in economics was at an age of 5-7 years. It's easier to push through hard times when the thing you are doing is fun. +* My math skills are not good enough. + * Counter-argument: In the past I co-operated or hired people to help me with math problems that were too hard to me. When I can't learn a mathematical concept from a book, I usually can learn it with the help of another human. +* Due to a catastrophic event, such as Dollar losing its status as the reserve currency, the stock market collapses and nobody needs any trading algorithms any more. +* There are not enough buyers for trading algorithms in Europe (especially in its German-speaking parts such as Germany, Switzerland, Austria) apart from platforms like Quantopian and CloudQuant. +* There are potential buyers for the algorithms, but they don't want to work with me for cultural reasons. I can imagine that a big bank would never buy anything from a one-man-company, regardless how good the product is. +* I need to become certified to sell my trading algorithms (or buy-sell signals based on them) and the bureaucratic hurdles are insurmountable (I'm not sure whether it applies to selling algorithms, but [this list](https://www.quantstart.com/articles/setting-up-an-algorithmic-trading-business) of requirements is frightening). +* Algorithmic trading becomes outlawed. +* Trading platforms (Quantopian, CloudQuant, QuantConnect and others) go out of business and I won't be able to sell my algorithms to anybody. +* Revolution in AI makes human algorithm developers obsolete. +* Using my own algorithms with own money on platforms like QuantConnect turns out to be not viable because of too high transaction fees. I heard such complaint about Robin Hood trading platform (the fees are so high that an average investor can't make profits trading on this platform). + +Thanks in advance + +Franz Drollig + +I have seen many updates, such as ML training/learning, lot of resources in GitHub and stories. When I tried some of them, It is not practically predicting the future and not consistent in results. + +Then, I moved to traditional (not ML) way of my own algo and even able to get positive, Just moving stocks to cash on Feb 20th, bought some SPY Puts, and then Put back to stocks Yesterday (02/28/2020). My current method suggested me yesterday was **likely** bottom. + +But still, I see lot many being discussed on ML and new github postings are there. + +As title says, **whether any one really made positive money - with last week down fall - using ML**? + +I just want to see whether I am really missing something (new avenues) or stay as usual traditional way/logic. +Just wanted to give a shout out for everyone who feels the same as me. At the beginning of this guacamole I was really new to the stock market and there were times I was afraid and needed some backup (I always found it here, thanks to you all!). But I trained my psychological karate and in the meantime I realize I am in full zen-mode. + +I watch the ticker just one or two times a day and then I start upvoting a lot on superstonk. If I got some money left I buy more of my beloved stock. Then I send it to DRS from Europe and that's all. Waiting patiently for the rockets engine to heat up, while my eyes gaze upon the stars. I will gladly to this over the next years if they drag this out while I am totally aware the ship could start every day! What a time to be alive, I hope you can feel it too! Love you all! ❤🦍 +I just saw this post and it got me thinking... + +https://www.reddit.com/r/AusFinance/comments/hfm4ea/in_australia_do_apartment_owners_own_the/ + +What happens if an apartment building is “end of life”? + +A house is easy since it’s one owner usually and you just sell it and/or rebuild. + +How does this work with apartments and body corporate and all that? + +How does the “this apartment building has snuffed it” come about? Who gets to decide? + +I’m assuming there’s voting by the owners and similar but what if the owners are emotional, can someone deem the building uninhabitable? What happens then? Do you just get kicked out and lose all your money? + +With a house you can still sell the land and recoup costs. How does all this work for apartment buildings? +Only fans works off of the idea that you’re getting something more exclusive and more unique than what the commoner gets (I think, I’ve never used it...). + +So, a step above that is having a super unique image/ video/ ASMR sound that will be possessed by only very small amount of privileged “clients” or “art collectors” + +When will this trend start do you think? Or has it already? +Uh oh: + +&#x200B; + +Published: Oct 10 2022 12:25PM + +&#x200B; + +[https://www.bmwe.org/secondary.aspx?id=700](https://www.bmwe.org/secondary.aspx?id=700) + +&#x200B; + +October 10, 2022 + +&#x200B; + +BMWED membership voted against ratification of the tentative national agreement reached with the Class I freight railroads, sending the two sides back to the bargaining table and resetting the countdown to a potential work stoppage. + +&#x200B; + +“The majority of the BMWED membership rejected the tentative national agreement and we recognize and understand that result,” President Tony D. Cardwell said. “I trust that railroad management understands that sentiment as well. Railroaders are discouraged and upset with working conditions and compensation and hold their employer in low regard. Railroaders do not feel valued. They resent the fact that management holds no regard for their quality of life, illustrated by their stubborn reluctance to provide a higher quantity of paid time off, especially for sickness. The result of this vote indicates that there is a lot of work to do to establish goodwill and improve the morale that has been broken by the railroads’ executives and Wall Street hedge fund managers.” + +&#x200B; + +The American Arbitration Association counted and verified the election results. In total, 11,845 BMWED members submitted ballots, 6,646 against ratification and 5,100 approving the tentative agreement. 99 remaining ballots were submitted blank or voided for some other user error. + +&#x200B; + +“The membership voted in record numbers on this tentative agreement, exhibiting that they are paying close attention and are engaged in the process,” President Cardwell said. “BMWED members are concerned with the direction of their employers and the mismanagement and greed in which they have consistently implemented, and are united in their resolve to improve their working conditions across the entire Class I rail network.” + +&#x200B; + +The rejection of the tentative agreement results in a “status quo” period where the BMWED will reengage bargaining with the Class I freight carriers. That status quo period will extend to 5 days after Congress reconvenes, which is currently set for Nov. 14. Assuming Congress returns to session on the 14th there could be no “self help” until after the 19th. + +&#x200B; + +Just what we don't want - more drama +As recently posted on this subreddit, [Ethereum has just launched first testnet for PoS update](https://np.reddit.com/r/CryptoCurrency/comments/rkukit/ethereum_launches_firstever_public_testnet_for/). When the update goes completely live, the miners will become literally obsolete - no compromises. + +So now we have two warriants: + +* Miners resigned!!! Everybody sells graphic cards to public! Gamers happy ~~as only Bitcoin farms remain!~~ + +or + +* Miners switch to other remaining PoW coin, and surrounding press is making it go crazy. + +While lots of everyday people would like the first to happen, I think that the latter is way way more realistic. + +But what coin it could be? ~~Will miners switch to Bitcoin and concrete it even more? Or~~ will they go for Ergo, that is slowly setting down and is going to make payments less while reducing the possibility of mega-mines? Then we have Litecoin, Monero and after it... a huge list of lesser known coins. + +What is your take on this situation? I'd personally love to see Ergo skyrocket, but it's only my early investor's hopium, ~~realistically I think that everybody will just switch to Bitcoin.~~ + +**EDIT: Someone just told me the difference between Bitcoin and GPU mining, so I edited the post :)** +Hi all, first time poster. I (30m) have a bank loan with approx £7k left to pay over the next 3 years, but I have recently received some cash (£9k) that would allow me to clear this loan and pay off my £1k credit card bill, with £1k left over. I intend to clear the credit card bill, but not sure what to do about the loan. + +My question is: would it be better to clear the £7k loan now to avoid the 2.9% interest charges, which would mean I'd only have £1k left in cash for emergencies/cushion/whatever... Or should I stick with paying off the loan in monthly instalments using my salary (approx £210 a month), but have a healthier pot for those emergencies/cushion/etc. + +Thoughts please! Thank you! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I wanted to HODL but being able to surprise my kids and wife with a Christmas unlike what we've had before was too hard to pass up. I invested $80 a while ago and took out $1,100. Might not be very much to many, but for a teacher's family, my kids will get their Playstation! I'll put money aside each month to buy back in, but something about a bird in hand... Good luck to all of you HODLing strong! +Just read a bunch of very mean and heartless replies to a guy who had his bitcoin stolen. He didn't know much about security so people blamed the victim. + +There is lots of good advice given. But can we get better about delivering it in a way that is more constructive? Two factor, https, better passwords, offline wallets, are all good advice. As a community can we have a dialog about how best to package that advice? +RenTech just bought over six hundred thousand shares of GME. + + +This is my opinion of the situation based on the fact that I once read a book called "The Quants" and that I sometimes read the news: + +I believe that this move had been examined and debated internally at RenTech for a significant period of time. This represents a fundamental betrayal of the current trading ecosystem. + +In my opinion this move would be a motive for murder among hedge fund founders and managers. They are defined by competition but they don't operate in a bubble. They know each other. They are on a first name basis. They socialize together (who else would they socialize with?) and play poker together. They read each other's academic papers on subjects like pure mathematics and theoretical physics. Many went to the same university's (MIT or UC Berkeley or the like) or they know the man that started it all Dr. Ed Thorp, the man that wrote the book +"Beat the Market: A Scientific Stock Market" way back in 1967... Ed Thorp is the Godfather of modern hedge funds... He was also Ken Griffin's first investor (Citadel) + + +Here's a little sauce: http://mastersinvest.com/newblog/2017/7/21/learning-from-ed-thorp + + +Anyway, back to RenTech. + +Dr Simons has a PhD in mathematics from UC Berkeley. Before entering the world of finance he worked for the NSA as a code-breaker in the 1960's and in the 70's he co-published a paper that is significant enough to have it's own wikipedia article https://en.m.wikipedia.org/wiki/Chern%E2%80%93Simons_form + + +Then Dr. Simons founded Renaissance Technologies in 1982 and using his code breaking experience and mathematical genius started detecting signals in the market that everyone else was missing. + +Possibly owing to his time at the NSA, RenTech is notoriously secretive and seems to operate in a way that is relatively unique among hedge funds and this MAY explain recent performance disparities between RenTech's own funds and the competition. + +RenTech's Medallion Fund was established for employees in 1988 and it has been incredibly successful (thirty to fortyb percent returns most years I believe) but AFAIK it is closed to institutional investors. + +https://www.institutionalinvestor.com/article/b1q3fndg77d0tg/Renaissance-s-Medallion-Fund-Surged-76-in-2020-But-Funds-Open-to-Outsiders-Tanked + + + +On the other hand, while the Medallion Fund has been crushing it, RenTech's institutional funds have basically been doing the opposite. + +https://www.institutionalinvestor.com/article/b1l98yt4p0bvr4/The-Famed-Medallion-Fund-Is-Crushing-It-Other-RenTech-Funds-Not-So-Much + + +So.... What if RenTech got desperate enough to go long on GME and burn Citadel to the ground or what if they concluded that the potential returns simply warranted taking the risk? + +What if they concluded that going long on GME could work for all their positions? + +IMHO this is a decision that wouldn't be made lightly because it could isolate RenTech from the smart money, at least for a while. This means venturing into uncharted waters and risking more than just money. Reputation matters. Client relationships matter. + +And RenTech and Citadel share the same clients. Imagine if Vanguard had a billion dollars with Citadel and a billion dollars with RenTech. If Citadel collapses because of a RenTech position, RenTech had better have at least doubled Vanguards money right? + +And I don't think RenTech would touch GME unless they were planning to go long. It's a bit like taking another man's wife out to dinner. It may not end with tendies but you've already crossed the line and have to accept the consequences whatever they may be. + + + + +EDIT: A point I failed to make is that these hedge fund managers know each other like Mafia families know each other. They read each other's academic papers to gain competitive insight or to find flaws to criticize. + +It isn't just about money, it is also about the feelings they have when they see the other managers at a charity poker tournament or political fund raiser. It's about winning and rubbing it in the losers face. It's about those feelings. It's about ego and power. + +And for them trading is a game and the only rule is don't ruin the game so they generally avoid zero sum outcomes. They are too smart or at least too diversified for that. + +EDIT 2: Even if nothing comes ofv this, writing this post and thinking about the people running these hedge funds reenforces the fact that the only viable strategy regular people have is to join the other apes and buy and hold forever. +I know it's complete luck but i'm interested to hear everyone's stories of how much they've won seeing as it's prize day today and how much of a popular option they are at the moment. + +I started in January with £16.5k and haven't done great so far: +Jan - £0 +Feb - £50 +Mar - £0 +Apr -£0 +Recently broken up and trying to understand the financial side of it, I will speak to a financial advisor but wanted to get your guys opinion. + +Bought the house for £290000 and I put down £45000 and my gf £0. We have both paid £500 a month for the last 3 years, as well as an extra £100 for finance on the kitchen we got which is due to be paid off next September. + +I have just assumed I will have to pay her back the £500 x 36 (months she has paid) and additional 100x 15 (started paying kitchen finance October 2020) plus whatever the house has increased in value… + +Does this sound correct roughly or am I missing something? + +I have paid all other bills. + +EDIT + +Thanks for all the responses and apologises for missing out some of the key info - + +We have a deed of trust so I’d keep the 45k +Tenants in common +And we are not married + +But I think from reading all the comments it’s pretty obvious now so thanks! +**Background: I've been offered and tentatively accepted a 3 year term (option to extend to 5 years) position in Seoul. It would require me to transfer to a different division of my employer, but same career field. $130K includes ~$80k salary and ~$50k in housing allowance (non-taxable) and up to 20,000 lbs of shipped household goods. Work week is 40 hours a week with rare overtime and occasional travel. We will be granted opportunities to travel back to the US and other countries. My responsibilities will be similar to what they are in my current workplace.** + +My current salary is $86k in a low cost of living area in the west. I'm 32 with a wife and son who will starting kindergarten in the fall. We will likely be adding another child to the fold in early 2016. My son will be able to attend an english school that has a great reputation free of charge. + +We have no ties to South Korea but enjoy traveling and adventure. We just returned from a similar year long stint on the east coast where we managed to save about $28K. + +After the 3 years I will be placed into a priority placement program and guaranteed 1 job offer at my current salary in my geographic area of preference. We have no preference to return to the area we live now but would like to be able to settle down somewhere to provide our kids some stability. + +We see this as an opportunity to save additional money for retirement and possibility a downpayment on another home in 3-5 years. + +Financial situation: + +Debt + +Mortgage- $135K ($960 mo + 100 HOA, currently being rented at a $100 mo net loss) home is worth $115k-$120k + +Auto loan- $8,500 ($250 mo) + +Assets + +Savings- $42K + +Retirement- $52K (Contributing 15% of income) + +Vanguard- $5,500 + +529- $2,500 + +The whole situation has seemed like a no-brainer to my wife and I as we are both adventurous and familiar with asian cultures (she is half Japanese). Friends, family and coworkers have looked at me like I'm insane when I've told them I'm considering the move. I do worry about the effect it may have on my children to live in a foreign country early in life, but also see it as an opportunity to broaden their horizons from an early age. + +Am I insane for thinking this is a great opportunity? +https://www.cnbc.com/2020/03/27/house-passes-2-trillion-coronavirus-stimulus-bill-sends-it-to-trump.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +Hey. + +As i understand it, the early super release is not taxable income. I am eligible because i currently receive centrelink payments. My taxable income for this year will be \~30k as i also work casually. + +If i withdraw $1000 from my super, and just put the money back in i will receive the co-contribution of $500 correct? Is this legit? + +I'm asking because it feels a little sketchy and I don't want to break the law. I haven't read anything that it is illegal. I just want to be sure. + +Of course I will do it if it's above the belt. + +Cheers. + +&#x200B; + +Edit: So what i have gathered from the comments is that this is a bit dodge, and i could potentially get in trouble for it. I have the funds to be able to just put in $1000 without withdrawing now, so the best option would be to just put in the $1000 then in july withdraw $1500? So i'm not withdrawing to deposit to then withdraw. +Hi all, I work in Risk management space for a bank which includes climate risk. I've come across instances where new customers were quoted insurance costs of >$20k per annum and had to opt out of flood or bushfire cover to get the annual cost below $5k. If course this isn't ideal because these properties are at high risk of being damaged which can result in losses to the banks since the collateral value has been destroyed. + +But from a consumer perspective the high insurance costs will have a drag on serviceability but will almost definitely hold back any capital gains especially in regions where risks are so high that insurance cover won't be possible and banks will no longer lend in these areas. + +From a transition risk perspective there are areas like Collie, Latrobe Valley, Mackay where the local economies are heavily reliant on "dirty" industries and from my bank's perspective we also expect there to be downside risk for home values as these industries shut down. + +While I expect not many people think about climate change and the impact on property prices I expect this to shift dramatically over the next 10 years, especially as insurance costs go up exponentially. + +Just out of curiosity, have you considered the impact of climate risk? How has it impacted your decision making? If not, why not? Are you looking to act on it in the future? Have you noticed large jumps in insurance costs? + +I'm really keen to hear from anyone who is willing to provide feedback. + +For anyone who is interested in how high climate risk is in their suburbs here is a link to a great website. For those that live in high risk areas I'd check local council websites for more granular flood/bushfire maps. + +https://www.climatecouncil.org.au/resources/climate-risk-map/ +Like I said this is very easy to find just by one search on Google. I've used it and my uncle has used it. He had 110000 in debt at the age of 27. He is turning 30 and will have everything paid off this year, including student loans, 1 car, and his condo. Anyone can do it. Don't push it off. Start now. + +http://www.daveramsey.com/blog/free-download-budgeting-guide/ + +Edit: Front page, thanks everyone. I hope for those who didn't know or see this before, that it's given you some help and insight. + +Long time lurker, first post. Late 20’s, married, HHI high 6 figures (past few years, should be over $1M in a few years). One child, hopefully more in the next few years. My accountant suggested that my wife and I get private placement life insurance policies to minimize taxes. I have always been weary of insurance products, but this seems to make sense. + +PPLI allows you to have a relatively small life insurance plan and contribute to an investment account within the plan. Money goes into the plan post-tax, but is then tax free after that. It was described to me as a Roth IRA without a contribution limit, but with an insurance policy that needs to be paid. + +For my age, a policy with a $500,000 death benefit would cost $94/mo in insurance cost and allow me to contribute $10,600/yr to the investment account. These numbers scale linearly in relation to each other ($188/mo would allow me to contribute $21,200/yr with a $1M death benefit, etc.). + +The investment account can either be in ETFs of my choice or what they called an “indexed product” that tracks the S&P but has a floor and ceiling on annual returns of .75% and 15%, respectively. After a few years, I could take a loan from this policy at effectively 0% interest or borrow against it from a bank at around prime - 1 %. + +Does anyone have experience (good or bad) with these policies? Has anyone decided against getting one in the past, and if so, why? Does anyone have advice on holding ETFs or this indexed product in the plan? What am I missing? + +I am looking into this now because the cost of insurance is lower at my age. I have only been making the income that I have the past few years, so I am just starting to look into tax strategies. Any advice at all would be appreciated! +Mid-40’s couple with young children living in the Bay Area. Net worth is $9M (excluding our business) and annual gross income is $3M, but take home after taxes is only about $1.4M because some of the income stays in the business which is growing. + +I’ve rented my whole life because it’s always seemed the better financial decision. However, one downside to renting is that the really nice homes aren’t usually available to rent (or rarely come on the market) and lately we’ve been thinking about buying so that we can live in a nicer home. + +We currently rent a reasonably nice home at $6k/month. A home that would be better enough (better location, better design, bigger, views) to be worth buying, in the area we want, would be $4.5M+. I think our rental is a good value and I don’t find it worth the effort to buy a home that is not appreciably better than our current rental. I also don’t like spending time doing house maintenance and appreciate how renting frees me from it. + +When I run the calculations based on our income, we should be able to afford a $4.5M home. However, some part of me balks at spending so much on a home. Our rental costs $72k/year and the interest/tax/maintenance on a $4.5M is I estimate about $200k/year. + +One thing we’ve also thought about is that with our current rental, we don’t stress about our business suffering a downturn because our living expenses while renting are very reasonable. Taking on a large mortgage would probably change that. + +Should we continue renting or buy a nicer home? +Been reading posts forever and wanted to get some digital liquid courage from you all! Wife and I have been dreaming of pulling the cord on FIRE, all the #s seem solid, but we're scarred sh*tless to do it! + +Our profile: 35 married, no kids but we'd like to have 2 in the coming years. Combined income of $150k, but we live pretty simply on about $50k (w/o mortgage) outside Chicago. Worked for a start-up out of college and found myself in the right place, right time with equity rewards as I grew with the company. We have $3.5MM in Vanguard brokerage index funds, $600k in 401k/IRA, $100k cash, and house will be paid off in 2 months. + +Everything points to us being ready to FIRE, but I'm a risk-averse guy at heart and always think of the worst case scenario....what if the market tanks, what if our kids end up costing way more than we anticipate, what if we have a health scare, what if what if.... + +What do we need to do, what do we need to hear to take the leap? I am burned out at work, but walking away from a good salary with no backup is scary.... +Just a few hours ago BOG's price took a small hit with a 300 Thousand dollar sell off by none other than the PancakeSwap team. + +The news was just reported by the BogTools dev on telegram along with the transactions themselves: + +"Proof its the pcs devs: + +Sells & liq removals: + +[https://bscscan.com/token/0xd7b729ef857aa773f47d37088a1181bb3fbf0099?a=0x7122c91049511b58a14ce2ce10f1acf318cc51d0](https://bscscan.com/token/0xd7b729ef857aa773f47d37088a1181bb3fbf0099?a=0x7122c91049511b58a14ce2ce10f1acf318cc51d0) + +LP fee mints (0.03% fee sent to pancakeswap devs): + +[https://bscscan.com/token/0x1490c68d0d5e3e7c9d53299824c9bb816639aa66?a=0x7122C91049511b58A14Ce2CE10f1aCF318cc51d0](https://bscscan.com/token/0x1490c68d0d5e3e7c9d53299824c9bb816639aa66?a=0x7122C91049511b58A14Ce2CE10f1aCF318cc51d0)" + +Seems there's some heat building up in the space, as BogTools keeps on incorporating features on their suite of applications that surpasses that of any other dex in the market, especially with rumors of an upcoming "Bogpad" for new projects. + +In competing with PancakeSwap, BogTools is committing to a rather herculean endeavor, but all the features on the BogTools platform speak for themselves, and PancakeSwap have made it clear they're worried about BogTools with their sudden withdrawal from the project! + +💰 **Where to buy** [**Bogged.Finance**](https://bogged.finance/) 💰 + +PancakeSwap - [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099) + +[Bogged.Finance](https://bogged.finance/) \- [https://bogged.finance/swap/](https://bogged.finance/swap/) + +Binance - Coming soon hehe. + +**🔗 Links 🔗** + +Website - [https://bogged.finance/](https://bogged.finance/) + +Charts - [https://charts.bogged.finance/](https://charts.bogged.finance/) + +ARG - [https://arg.bogged.finance/](https://arg.bogged.finance/) + +**🔥 Stats 🔥** + +10,000 community members (and growing fast) + +17,500 holders + +$24mn Market Cap + +**8 use-cases** + +**Hidden Gem** + +Get some $BOG now before it becomes unattainable. + +**💎 Use Cases 💎** + +* **Limit orders (buys/sells)** + +*A Limit order is a type of buy order that you place with a specific buy or sell price, determined by you. When the market price reaches your target price, the trade will be automatically executed. Limit orders can help you buy dips or take profits to take advantage of volatility in the marketplace.* + +* **Stop market orders** + +*Stop orders are orders that are triggered when a stock moves past a specific price point. Beyond that price point, stop orders are converted into market orders that are executed at the best available price.* + +* **Easy-to-read and fast-loading charts** + +[*Bogged.Finance*](https://bogged.finance/)*'s* clean UI and fast loading makes it a better alternative than poocoin, making newcomers more attracted to DeFi. + +* **Token sniper** + +*A hidden gem. It has 3 tiers, each with different features. Each order uses a dedicated high-performance node, and they use an extreme amount of gas to stay ahead. During testing, the devs were able to get dozens of BNB (hundreds if they sold right away instead of holding)* + +* **ARG** + +[*Bogged.Finance*](https://bogged.finance/) *also has an ARG, with $10,000 in prizes. It's perfect for people who like cybersecurity, although it's open to anyone.* + +* **BogSwap** + +*The website also includes a built-in swap that supports PancakeSwap v1, PancakeSwap v2, and ApeSwap.* + +* **Built-in staking with high APY** + +*BOG also has a staking function with a really high APY to incentivize people to add liquidity to the project.* + +* **Decentralized Oracles (Verifiable Randomness)** + +*Fun fact, I didn't even know they had this.* + +*The BOG RNG V2 allows smart contracts to get randomness on-chain in a verifiably secure fashion. Hashes of the pending numbers are stored in the RNG contract and assigned to randomness requests in the initial call. The oracle will then call back the requesting contract with the random number which is verified against the stored hash to ensure the random number provided has not been tampered with based on the nature of the request. This is a simple but secure method of providing random numbers on-chain which allows developers to easily integrate it into their project instead of trying to roll their own solution.* + +* **On-Chain Price Oracles** + +*The charts also use these oracles. Accurate price data displayed in BNB* + +* **Many more features that we don't even know about** + +🗺️**Roadmap🗺️** + +* **Any-to-Any Trading** +* **Scheduler Oracles** +* **Price Charts and Limit Orders v2** +* **Off-Chain Oracles** +* **Multi-Chain Oracles** +* **Toolkits** +* **Unique New AMM DEX** +* **Much more, the team won't tell me :(** + +[ ](https://www.reddit.com/r/CryptoMoonShots/comments/n64xgm/pancakeswap_devs_just_dumped_300k_of_this_gem/) +First time long time + +I’m curious what people think the minimum required knowledge, understanding, tools, etc one needs to make sound investment decisions for their first or first few investments. + +Being an expert would be great, but setting the bar at reading every book, listening to every podcast, and learning every acronym and tool before making your first purchase would likely lead to inaction. + +So, what do you think are the basic requirements to make a “basic” investment? Define basic as you see fit! +I’d like to buy a 3-4 unit(FHA) on a decently sized plot of land, where I can build additional units within 1-2 years. + +I have the option to buy right now and start getting rental income, OR I could wait until prices fall(and interest rates increase). + +I’m thinking that waiting might be a good idea but then again I’d probably be waiting a while and missing out on a lot of rental income. I don’t know though. + +I’m in MA btw if that helps at all +I’m looking to buy a house at auction - starts this Monday. Title companies are backed up. Is there a quick and reliable online title search and ownership and encumbrance report website? +its like basements attract crappy tenants or something? + +&#x200B; + +i'm at my 2nd eviction in 2 years, so 2 for 2 leases. just wondering if others have issues with basement tenants. + +usually basements rent for cheaper so i can understand that you attract financially less stable tenants, but were talking 100$ a month difference between my upstairs that pay the first every month and the people who want to rent the basement. + +&#x200B; + +anyways i cant wait to be rid of her, though i think this was her plan all along. + +pretty much its take 3 months to get a court hearing so, they pull this stunt in Feb or march so that they go rent free till june when i can evict them, which coincidentally is when leases ends, so they just move on to another plan anyways. + +&#x200B; + +i did everything for that tenant, new doors, counters, paint, heaters and this this is the BS i get in return. + +&#x200B; + +My only reward in all this is that she will get a 2nd black mark on her file, since she had hidden the fact this was not the first time she dealt with the rental board, and being evicted. so it will be even harder for her to find a dwelling from now on. + +&#x200B; +I’ve been looking at a couple of 2nd tier US cities and working with investor only agents, and the deals they send me just aren’t that good. It seems like prices are to high these days to buy cash flowing properties in all of the country. Has this been your experience? +Please share your best recommendations and ideas. I’d like to have a cash flowing property with great NOI ideally but I’m open to any ideas. I have about 1 month to get this right. + +This is my first property I have ever bought and I want to make the best decision possible with this money because it’s really all I have . + +Edit: to clarify I did initiate 1031 exchange prior to sale + +Thank you +I'm very new to real estate investing and have come across the availability of fractional ownership of a suite at a fairly popular ski resort. At face value, it looks like I could make a good return if I treat it solely as a rental property. However from much of my research online, they say that a fractional situation will rarely ever work as a meaningful investment. Does anyone here have experience using fractional real estate as a way to invest your money and make a decent return? + +Thanks for your replies! +Anyone else have this issue? I don’t have that much in savings. But I just get a really “high” feeling whenever I log in and see the numbers. I get excited to see them grow each month. For me, a large savings account is a reminder that I’m doing things right. It’s a reminder that I’m stable, that I won’t ever be homeless, or have to ask friends and family for money in an emergency. The most intoxicating feeling that I get from looking at my savings, is that I know that I’ll be able to quit my job in a moments notice, take some time off work, and won’t feel rushed to look for another job, and take some crappy job just to “pay the bill” This is what I feel when I look at my savings.... but I also know that I’ll need to start investing it soon. + +I’m 30 years old. 50k salary +Mint has finally exhausted my patience. Their continual connectivity issues, and absolutely terrible support has finally pushed me over the edge. + +What is the current best competitor? I am okay paying a trivial amount of money as long as something consistently works. For example, Mint hasn't worked with Target cards for two months and they are no longer updating their thread on why. But, I also have connectivity problems with other accounts as well, it's not just Target. +Conventional wisdom is often to save your bonus, and live off your salary. This makes sense when your bonus is <30% TC. For some of the more Fat career paths, this is no longer the case. My annual bonus is several times my annual salary, and is continuing to grow (no foreseeable salary growth). I effectively live off my salary but expenditures are increasing and I'm trying to figure out the best way to manage these cash flows. + +1. Deposit a chunk of bonus in cash every year and use that for expenditures. +2. Invest bonus, and use Margin / PAL to cover living expenses (balance would be paid off in full and then some with every new bonus) +3. Invest bonus and then every month sell some portion of assets at the start of every month to cover expenses. + +I have mostly been in the camp of 1/3, but after reading more of this sub, have been thinking that potentially 2 might be a better option, assuming that annual expenditures are low relative to Taxable NW, so that you're not picking up excessive leverage (<10%)). + + +FatFIRE relevant because non Fat paths generally don't receive vast majority of comp once a year. Managing cash flows around this also bears similarities to managing expenditures post FIRE. Additionally, non FatFIRE paths don't have nearly the same multiple of spending in taxable accounts, which would preclude 2. (Regular FIRE is most in tax deferred, regular FAT doesn't have the same savings to spend ratio and would become excessively leveraged) +Repost from /u/Particular-Wedding + +If you use 13F filing data in your investing research then please take a few minutes to read this important message. +You may have already seen the SEC proposal https://www.sec.gov/rules/proposed.shtml?__s=cvwgmhfkxsnsnrbvs6py to dramatically raise the required reporting threshold for 13F filings.   + +This proposal would change the AUM threshold that investment managers must meet every quarter from $100 million to $3.5 billion!   + +To put it in perspective, for the most recent quarter, that would reduce the number of funds that disclosed their holdings to the public from 5,283 to 549 or almost 90% of all filers.  $2.3 trillion in investment holdings would no longer be disclosed to the public resulting in loss of transparency and valuable insight.  When Congress first adopted Section 13(f) it did so to “stimulate a higher degree of confidence among all investors in the integrity of [the US] securities markets.”  Taking this data away will have the opposite effect.  Transparency is what gives investors confidence in US markets. + +One SEC commissioner, Allison Heren Lee, has already voiced her opposition to this proposal.  https://www.sec.gov/news/public-statement/lee-13f-reporting-2020-07-10 +The proposed rule change would be a loss for all of us - it would enable more corruption and opaqueness. + +The SEC should be pushing for more disclosure and transparency and not rolling back existing rules. This can only hurt small trades/investors and provides little to no benefit or savings. + +Comments are already pouring into the SEC.  I am urging everyone to please post a comment on the proposal to the SEC site linked below.  Why should we care?  How are we impacted by this?  Below are some issues to raise.  Please mention them in your comments to the SEC and to your representative in Congress: +Raising the reporting threshold to such a high number will reduce public companies' opportunity to know more about who their shareholders are. +​ + + +- The “justification” for the rule change is highly questionable. +- When is less transparency and less data ever a good thing for the small investor +- Some investors may want to avoid over-owned stocks, believing they have a high level of risk. This rule change greatly reduces individual investors ability to reduce their risk. +- In the event of a significant correction the number of reporting managers would be diminished even further.  The S&P suffered a 56.4% decline during the 2007-2009 financial crisis.  A similar event using the most recent quarter as an example, would have reduced the number of funds by another 31% at a time when such data is needed even more. + +SEC Comment Page:  https://www.sec.gov/rules/proposed.shtml.  Click on “Submit comments on S7-08-20” + +Or you can send an email to rule-comments@sec.gov.  Include the file number S7-08-20 in the subject. Instructions are at https://www.sec.gov/rules/submitcomments.htm + +Full SEC Proposed Rule Change:  https://www.sec.gov/rules/proposed/2020/34-89290.pdf + +**TLDR: Write in and tell the SEC “Hell No!” to these disclosure changes. For example: this would mean MRNA insiders would continue to sell before their regular pump and dumps and nobody would be the wiser.** +I had a quick thought when eating breakfast: + +All clients of Spotify and Netflix (read: the people who make them money) will end up choosing to distribute their media on the Gamestop marketplace for *at least* one simple reason - they get more money. + +Bye-bye Amazon Prime & all similar content hosting and distribution services. You are all fucked. Your practices of abusing individual creators will be coming to a close. + +Ryan Cohen is the shit +# Everybody who has posted this on r/btc has been banned according to modlog. Total of 7 users so far. Don't post this on r/btc or you will get banned. If you get banned comment on this thread or PM me. + +# March 2020: + +# According to r/btc [modlogs](https://moddit.ffff00.news/r/btc), /u/bch4god has been banned because he questioned the February report with this [comment](https://np.reddit.com/r/btc/comments/fdmsne/bch_dominates_physical_merchant_trade_with_97_of/fjj9ce6/). + +# According to r/btc [modlogs](https://moddit.ffff00.news/r/btc), /u/ISeeGregPeople has been banned because he linked to this thread in his [comment](https://np.reddit.com/r/btc/comments/fcnult/in_australia_bitcoin_cash_cannot_be_stopped/fjcufz2/). + +**** + +# February 2020: +# According to r/btc [modlogs](https://moddit.ffff00.news/r/btc), /u/whene-is-satoshi has been banned because he linked to this thread in his [comment](https://np.reddit.com/r/btc/comments/ej7t8e/bitcoinbchcom_accidentally_publishes_onchain/fcxi8h1/). + +*** + +# January 2020: +# According to r/btc [modlogs](https://moddit.ffff00.news/r/btc), /u/cryptokittykiller's post has been removed for linking to this thread. + +# According to r/btc [modlogs](https://moddit.ffff00.news/r/btc), /u/bashcalf has now been banned for linking to this thread. + +# According to r/btc [modlogs](https://moddit.ffff00.news/r/btc), /u/EnterLayer2 has now been banned for this [post](http://removeddit.com/r/btc/comments/ejeluy/post_proving_bitcoinbchcom_fakes_adoption_metrics/) pointing out that this thread has reached 1000 upvotes. + +# This article was posted by /u/bitcoinsatellite on r/btc [here](https://www.removeddit.com/r/btc/comments/eipd1y/hayden_otto_inadvertently_publishes_irrefutable). Once it reached frontpage it got deleted and OP was banned from r/btc and r/bitcoincash as a result. + +*** + +*Disclaimer: I am not and have never been affiliated with any of the mentioned parties in a private or professional matter.* + +Presumably in an attempt to smear a local competitor, Hayden Otto inadvertently publishes irrefutable on-chain proof that he excluded non-BCH retail revenue to shape the "BCH #1 in Australia" narrative. + + +- Scroll down to **"Proof of exclusion"** if you are tired of the drama recap. +- Scroll down to **"TLDR"** if you want a summary. + +**** + +## Recap +In September 2019, BitcoinBCH.com started publishing so called monthly "reports" about crypto retail payments in Australia. They claimed that **~90% of Australia's crypto retail revenue is processed via their own HULA system** and that **~92% of all crypto retail revenue happens in BCH**. + +They are aggregating two data sources to come up with this claim. + +One is **TravelByBit (TBB)** who *publishes* their PoS transactions (BTC, LN, ETH, BNB, DASH, BCH) live on a [ticker](https://travelbybit.com/stats). + +The other source is **HULA**, a newly introduced POS system (BCH only) and direct competitor to TBB run by BitcoinBCH.com - the same company who created the report. Despite being on-chain their transactions are *private*, not published and not verifiable by third parties outside BitcoinBCH.com + +Two things stood out in the "reports", noted by multiple users (including vocal BCH proponents): + +- **The non-BCH parts must have tx excluded and the report neglects to mention it** (the total in their TBB analysis does not match what is reported on the TBB website.) +- **The BCH part has outliers included** (e.g. BCH city conference in September with 35x the daily average) + +The TBB website loads the historic tx data in the browser but hides transactions older than 7 days from being displayed, i.e. you can access more than 7 days worth of data if you understand JavaScript and can read the source code ([source](https://np.reddit.com/r/btc/comments/dklkwc/92_of_australias_crypto_retail_volume_is_in_bch/f4mnfas/)). + + +## Hayden Otto's reaction + +In direct response to me publishing these findings on r/btc, Hayden Otto - an employee at BitcoinBCH.com and the author of the report who also happens to be a moderator of /r/BitcoinCash - banned me immediately from said sub ([source](https://np.reddit.com/r/btc/comments/dincg5/ucryptostrategies_banned_me_from_rbitcoincash_for/)). + +In subsequent discussion (which repeated for every monthly "report" which was flawed in the same ways as described above), Hayden responded using the same tactics: + +*** + +**"No data was removed"** + +> "The guy is straight out lying. There is guaranteed no missing tx as the data was collected directly from the source." ([source](https://np.reddit.com/r/btc/comments/ds0967/october_report_for_australian_crypto_expenditure/f6nldiy/)) + +**** + +**"Only data I considered non-retail was removed"** + +> "I also had these data points and went through them to remove non-retail transactions, on both TravelbyBit and HULA." ([source](https://np.reddit.com/r/btc/comments/dibzek/crypto_payments_not_adding_up_for_australia_and/f3vu2dh/)) + +He admits to have removed non-BCH tx by "Game Ranger" because he considers them non-retail ([source](https://np.reddit.com/r/btc/comments/e7r421/bitcoin_cash_represents_93_of_novembers_crypto/fa8z3ox/)). He also implies they might be involved in money laundering and that TBB might fail their AML obligations in processing Game Ranger's transactions ([source](https://np.reddit.com/r/btc/comments/e7r421/bitcoin_cash_represents_93_of_novembers_crypto/fa8vclc/)). + +The report does not mention any data being excluded at all and he still fails to explain why several businesses that are clearly retail (e.g. restaurants, cafes, markets) had tx excluded ([source](https://np.reddit.com/r/btc/comments/dqfcmz/bitcoin_cash_bch_outspent_bitcoin_core_btc_by_a/f65izlk/)). + +**** + +**"You are too late to prove I altered the data"** + +> "[...] I recorded [the data] manually from https://travelbybit.com/stats/ over the month of September. The website only shows transactions from the last 7 days **and then they disappear. No way for anyone to access stats beyond that.**" ([source](https://np.reddit.com/r/btc/comments/dicdh3/bitcoinbchcoms_bch_is_1_in_australia_report_is/f3wip9j/)) + +Fortunately you can, if you can read the website's source code. But you need to know a bit of JavaScript to verify it yourself, so not an ideal method to easily prove the claim of data exclusion to the public. But it laters turns out Hayden himself has found an easier way to achieve the same. + +*** + +**"The report can't be wrong because it has been audited."** + +In response to criticism about the flawed methodology in generating the September report, BitcoinBCH.com hired an accountant from a regional Bitcoin BCH startup to "audit" the October report. This is remarkable, because not only did their reported TBB totals still not match those from the TBB site - their result was mathematically impossible. How so? No subset of TBB transaction in that month sums up to the total they reported. So even if they excluded retail transactions at will, they still must have messed up the sum ([source](https://np.reddit.com/r/btc/comments/ds11om/the_markets_have_yet_to_pricein_bitcoin_cashs/f6mui0q/)). Why didn't their auditor notice their mistake? She said she "conducted a review based on the TravelByBit data **provided to her**", i.e. the data acquisition and selection process was **explicitly excluded from the audit** ([source](https://bitcoinbch.com/assets/img/blog/october-report/october2019audit.pdf)). + +*** +**"You are a 'pathetic liar', a 'desperate toll', an 'astroturf account' and 'a total dumb ass' and are 'pulling numbers out of your ass!'"** + + +Since he has already banned me from the sub he moderates, he started to resort to ad hominems ([source](https://np.reddit.com/r/btc/comments/dqfcmz/bitcoin_cash_bch_outspent_bitcoin_core_btc_by_a/f68ppam/), [source](https://np.reddit.com/r/btc/comments/e7r421/bitcoin_cash_represents_93_of_novembers_crypto/fa8pbgh/), [source](https://np.reddit.com/r/btc/comments/e7r421/bitcoin_cash_represents_93_of_novembers_crypto/fa8vclc/), [source](https://np.reddit.com/r/btc/comments/e7r421/bitcoin_cash_represents_93_of_novembers_crypto/fa8zaca/)). + +## Proof of exclusion + +I published raw data as extracted from the TBB site after each report for comparison. Hayden responded that I made those numbers up and that I [was pulling numbers out of my ass](https://np.reddit.com/r/btc/comments/e7r421/bitcoin_cash_represents_93_of_novembers_crypto/fa8zaca/). + +Since he was under the impression that + +> "The website only shows transactions from the last 7 days **and then they disappear. No way for anyone to access stats beyond that.**" ([source](https://np.reddit.com/r/btc/comments/dicdh3/bitcoinbchcoms_bch_is_1_in_australia_report_is/f3wip9j/)) + +he felt confident to claim that I would be + +> unable to provide a source for the [missing] data and/or **prove that that data was not already included in the report**. ([source](https://np.reddit.com/r/btc/comments/dklkwc/92_of_australias_crypto_retail_volume_is_in_bch/f4j4o6z/)) + +Luckily for us Hayden Otto seems to dislike his competitor TravelByBit so much that he attempted to reframe Bitcoin's RBF feature as a vulnerability specific to TBB PoS system ([source](https://np.reddit.com/r/btc/comments/ecdze0/at_this_very_moment_you_can_go_and_double_spend/)). + +While doublespending a merchant using the TBB PoS he wanted to prove that the merchant successfully registered the purchase as complete and thus exposed that **the PoS sales history of TBB's merchants are available to the public** ([source](https://youtu.be/lLkiu8zs318?t=329)), in his own words: + +> "You can literally access it from a public URL in the Web browser. There is no login or anything required, just type in the name of the merchant." ([source](https://np.reddit.com/r/btc/comments/eeqx9n/australia_travelbybit_crypto_pos_provider_is/fbwd0tn/)) + +As of yet it is unclear if this is intentional by TBB or if Hayden Ottos followed the rules of responsible disclosure before publishing this kind of data leak. + +As it happens, those sale histories do not only include the merchant and time of purchases, they **even include the address the funds were sent to (in case of on-chain payments)**. + +This gives us an easy method to prove that the purchases from the TBB website missing in the reports belong to a specific retail business and actually happened - something that is impossible to prove for the alleged HULA txs. + +In order to make it easier for you to verify it yourself, we'll focus on a single day in the dataset, **September 17th, 2019** as an example: + +- Hayden Otto's report claims **20 tx and $713.00** in total for that day ([source](https://bitcoinbch.com/blog/Australian-Cryptocurrency-Expenditure-at-Retail-Businesses.html)) +- The TBB website listed **40 tx and a total of $1032.90** ([daily summary](https://np.reddit.com/r/btc/comments/dibzek/crypto_payments_not_adding_up_for_australia_and/f3x07i2/)) +- Pick a merchant, e.g. "The Stand Desserts" +- Use Hayden's "trick" to access that merchants public sale history at https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts, sort by date to find the 17th Sep 2019 and look for a transaction at 20:58 for $28. This proves that a purchase of said amount is associated with this specific retail business. +- Paste the associated crypto on-chain address `17MrHiRcKzCyuKPtvtn7iZhAZxydX8raU9` in a blockchain explorer of your choice, e.g like [this](https://blockchair.com/bitcoin/address/17MrHiRcKzCyuKPtvtn7iZhAZxydX8raU9). This proves that a transfer of funds has actually happened. + +I let software aggregate the TBB statistics with the public sale histories and you'll find at the bottom of this post a table with the on-chain addresses conveniently linked to blockchain explorers for our example date. + +The total of **all 40 tx is $1032.90** instead of the $713.00 reported by Hayden. 17 tx of those have a corresponding on-chain address and thus have undeniable proof of $758.10. Of the remaining 23, 22 are on Lightning and one had no merchant history available. + +This is just for a single day, here is a comparison for the whole month. + +| Description | Total | +| - | - | +| TBB Total | $10,502| +| TBB wo. Game Ranger|$5,407| +| TBB according to Hayden|$3,737| + +## What now? + +The usual shills will respond in a predictive manner: The data must be fake even though its proof is on-chain, I would need to provide more data but HULA can be trusted without any proof, if you include outliers BCH comes out ahead, yada, yada. + +But this is not important. I am not here to convince them and this post doesn't aim to. + +The tx numbers we are talking about are less than 0.005% of Bitcoin's global volume. If you can increase adoption in your area by 100% by just buying 2 coffees more per day you get a rough idea about how irrelevant the numbers are in comparison. + +What is relevant though and what this post aims to highlight is that BitcoinBCH.com and the media outlets around news.bitcoin.com flooding you with the BCH #1 narrative are playing dirty. They feel justified because they feel that Bitcoin/Core/Blockstream is playing dirty as well. I am not here to judge that but you as a reader of this sub should be aware that this is happening and that you are the target. + +When BitcoinBCH.com excludes $1,000 Bitcoin tx because of high value but includes $15,000 BCH tx because they are made by "professionals", you should be sceptical. + +When BitcoinBCH.com excludes game developers, travel businesses or craftsmen accepting Bitcoin because they don't have a physical store but include a lawyer practice accepting BCH, you should be sceptical. + +When BitcoinBCH.com excludes restaurants, bars and supermarkets accepting Bitcoin and when pressed reiterate that they excluded **non-retail** businesses without ever explaning why a restaurant shouldn't be considered reatil, you should be sceptical. + +When BitcoinBCH.com claims the reports have been audited but omit that the data acquisition was not part of the audit, you should be sceptical. + +I expect that BitcoinBCH.com will stop removing transactions from TBB for their reports now that it has been shown that their exclusion can be provably uncovered. I also expect that HULA's BCH numbers will rise accordingly to maintain a similar difference. + +Hayden Otto assumed that nobody could cross-check the TBB data. He was wrong. Nobody will be able to disprove his claims when HULA's BCH numbers rise as he continues to refuse their release. You should treat his claims accordingly. + +As usual, do your own research and draw your own conclusion. Sorry for the long read. + +## TLDR + +- BitcoinBCH.com claimed no transactions were removed from the TBB dataset in their BCH #1 reports and that is impossible to prove the opposite. +- Hayden Otto's reveals in a double spend attempt that a TBB merchant's sale history can be accessed publicly including the merchant's on-chain addresses. +- This table shows 40 tx listed on the TBB site on sep 17th, including their on-chain addresses where applicable. +- The BitcoinBCH.com report lists only 20 tx for the same day. + +| No. | Date | Merchant | Asset | Address | Amount | Total | +| - | - | - | - | - | - | - | +| 1 | 17 Sep 19 09:28 | LTD Espresso | Lightning | Unable to find merchant history. | 4.50 | 4.50 | +| 2 | 17 Sep 19 09:40 | LTD Espresso | Binance Coin | Unable to find merchant history. | 4.50 | 9.00 | +| 3 | 17 Sep 19 13:22 | [Josh's IGA Murray Bridge West](https://www.livingroomofsatoshi.com/merchanthistory/joshsiga) | Ether | [0x40fd53aa...b6de43c531](https://blockchair.com/ethereum/address/0x40fd53aa42498f38e9df68caf01420b6de43c531) | 4.60 | 13.60 | +| 4 | 17 Sep 19 13:23 | [Nom Nom Korean Eatery](https://www.livingroomofsatoshi.com/merchanthistory/nomnom) | Lightning | lnbc107727...zkcqvvgklf | 16.00 | 29.60 | +| 5 | 17 Sep 19 13:24 | [Nom Nom Korean Eatery](https://www.livingroomofsatoshi.com/merchanthistory/nomnom) | Lightning | lnbc100994...mkspwddgqw | 15.00 | 44.60 | +| 6 | 17 Sep 19 14:02 | [Nom Nom Korean Eatery](https://www.livingroomofsatoshi.com/merchanthistory/nomnom) | Binance Coin | [bnb1w5mwu9...552thl4ru5](https://explorer.binance.org/txs?address=bnb1w5mwu95vx9qr9stv5g70p9sv96td552thl4ru5) | 30.00 | 74.60 | +| 7 | 17 Sep 19 15:19 | [Dollars and Sense (Fortitude Valley)](https://www.livingroomofsatoshi.com/merchanthistory/dollarsandsense) | Lightning | lnbc134780...93cpanyxfg | 2.00 | 76.60 | +| 8 | 17 Sep 19 15:34 | [Steph's Cafe](https://www.livingroomofsatoshi.com/merchanthistory/stephscafe) | Binance Coin | [bnb124hcjy...ss3pz9y3r8](https://explorer.binance.org/txs?address=bnb124hcjygd7n0u064j4q0cjug6kkkyss3pz9y3r8) | 57.50 | 134.10 | +| 9 | 17 Sep 19 19:37 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Binance Coin | [bnb13f58s9...qqc7fxln7s](https://explorer.binance.org/txs?address=bnb13f58s9nmle36hdj9cdjp3em4l2tmqqc7fxln7s) | 18.00 | 152.10 | +| 10 | 17 Sep 19 19:59 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc575880...48cpl0z06q | 8.50 | 160.60 | +| 11 | 17 Sep 19 20:00 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc575770...t8spzjflym | 8.50 | 169.10 | +| 12 | 17 Sep 19 20:13 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc202980...lgqp5ha8f4 | 3.00 | 172.10 | +| 13 | 17 Sep 19 20:21 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc577010...decq7r4p05 | 8.50 | 180.60 | +| 14 | 17 Sep 19 20:24 | [Fat Dumpling](https://www.livingroomofsatoshi.com/merchanthistory/fatdumpling) | Lightning | lnbc217145...9dsqpjjr6g | 32.10 | 212.70 | +| 15 | 17 Sep 19 20:31 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc574530...wvcpp3pcen | 8.50 | 221.20 | +| 16 | 17 Sep 19 20:33 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc540660...rpqpzgk8z0 | 8.00 | 229.20 | +| 17 | 17 Sep 19 20:37 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc128468...r8cqq50p5c | 19.00 | 248.20 | +| 18 | 17 Sep 19 20:39 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc135220...cngp2zq6q4 | 2.00 | 250.20 | +| 19 | 17 Sep 19 20:45 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc574570...atcqg738p8 | 8.50 | 258.70 | +| 20 | 17 Sep 19 20:51 | [Fat Dumpling](https://www.livingroomofsatoshi.com/merchanthistory/fatdumpling) | Lightning | lnbc414190...8hcpg79h9a | 61.20 | 319.90 | +| 21 | 17 Sep 19 20:53 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc135350...krqqp3cz8z | 2.00 | 321.90 | +| 22 | 17 Sep 19 20:58 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Bitcoin | [17MrHiRcKz...ZxydX8raU9](https://blockchair.com/bitcoin/address/17MrHiRcKzCyuKPtvtn7iZhAZxydX8raU9) | 28.00 | 349.90 | +| 23 | 17 Sep 19 21:02 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Bitcoin | [1Hwy8hCBff...iEh5fBsCWK](https://blockchair.com/bitcoin/address/1Hwy8hCBffqFVc9w529QkmJ6iEh5fBsCWK) | 10.00 | 359.90 | +| 24 | 17 Sep 19 21:03 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc743810...dvqqnuunjq | 11.00 | 370.90 | +| 25 | 17 Sep 19 21:04 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc114952...2vqpclm87p | 17.00 | 387.90 | +| 26 | 17 Sep 19 21:10 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc169160...lpqqqt574c | 2.50 | 390.40 | +| 27 | 17 Sep 19 21:11 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc575150...40qq9yuqmy | 8.50 | 398.90 | +| 28 | 17 Sep 19 21:13 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc947370...qjcp3unr33 | 14.00 | 412.90 | +| 29 | 17 Sep 19 21:15 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Binance Coin | [bnb1tc2vva...xppes5t7d0](https://explorer.binance.org/txs?address=bnb1tc2vvavgyde3k3uy07935ej7yf09xppes5t7d0) | 16.00 | 428.90 | +| 30 | 17 Sep 19 21:16 | [Giardinetto](https://www.livingroomofsatoshi.com/merchanthistory/giardinetto) | Binance Coin | [bnb1auyep2...w64p6a6dlk](https://explorer.binance.org/txs?address=bnb1auyep2g9x8rsyv5u8v7gernyd877w64p6a6dlk) | 350.00 | 778.90 | +| 31 | 17 Sep 19 21:25 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | BCH | [3H2iJaKNXH...5sxPk3t2tV](https://blockchair.com/bitcoin-cash/address/3H2iJaKNXH5eeHubiMxHhsAC5sxPk3t2tV) | 7.00 | 785.90 | +| 32 | 17 Sep 19 21:39 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Binance Coin | [bnb17r7x3e...avaxwumc58](https://explorer.binance.org/txs?address=bnb17r7x3ehfcvjtz9lx9uv788mc7j0mavaxwumc58) | 8.00 | 793.90 | +| 33 | 17 Sep 19 21:47 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | BCH | [32kuPYT1tc...uFQwgsA5ku](https://blockchair.com/bitcoin-cash/address/32kuPYT1tcji9xSZBjqwi5pTuFQwgsA5ku) | 18.00 | 811.90 | +| 34 | 17 Sep 19 21:52 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | BCH | [3ELPvxtCSy...4QzvfVJsNZ](https://blockchair.com/bitcoin-cash/address/3ELPvxtCSydAWRgApm9FvS2W4QzvfVJsNZ) | 36.00 | 847.90 | +| 35 | 17 Sep 19 21:56 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Lightning | lnbc677740...acsp04sjeg | 10.00 | 857.90 | +| 36 | 17 Sep 19 22:04 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | BCH | [38b4wHg9cg...9L2WXC2BSK](https://blockchair.com/bitcoin-cash/address/38b4wHg9cgt4epjn9QLSDAWn9L2WXC2BSK) | 54.00 | 911.90 | +| 37 | 17 Sep 19 22:16 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Binance Coin | [bnb14lylhs...x6wz7kjzp5](https://explorer.binance.org/txs?address=bnb14lylhskmtr2gv6m9s7ldxjnd0a22x6wz7kjzp5) | 18.00 | 929.90 | +| 38 | 17 Sep 19 22:21 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | BCH | [3L8SK3Hr7u...F3htdSPxfL](https://blockchair.com/bitcoin-cash/address/3L8SK3Hr7uCVZ17XZ1r3UKVyF3htdSPxfL) | 90.00 | 1019.90 | +| 39 | 17 Sep 19 22:30 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | Binance Coin | [bnb19w6tle...774uknv57t](https://explorer.binance.org/txs?address=bnb19w6tlelfezu3anp0ljc5f0z7r7a3774uknv57t) | 5.00 | 1024.90 | +| 40 | 17 Sep 19 22:48 | [The Stand Desserts](https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts) | BCH | [3Qag8c4UYg...9EYuWzGjhs](https://blockchair.com/bitcoin-cash/address/3Qag8c4UYgyHRb9mFvUGM3yN9EYuWzGjhs) | 8.00 | 1032.90 | +I need some help from the Investing community on this one. My brother-in-law is not a very well educated investor. He's one of these people that knows just enough to be dangerous and is always looking for the ways to make 1000% profits. So far it's been trading small amounts of somewhat well known stocks and trying to market-time things with no success. My sister tolerates this because it hasn't touched their retirement or savings. + +But starting last week, he's been asking my advise on this OTC stock called Cellceutix. (OTCBB: CTIX). With barely even looking at the stock I told him to stay clear. After some more emails, I looked in to it further and I still think it's way too risky, there's not enough outside info, and just smells bad. (Sorry for the lack of fundamental insight, but I don't know which numbers I can trust). + +So last night I get a call from my sister saying that he's getting ready to put a sizable portion of their savings into this stock and she's worried about losing most or all of it. And I think she's right. The only thing that will stop him at this point is if I can find multiple solid reasons to avoid this stock. So I'm asking for some help because I'm just not knowledgeable enough and don't have the tools needed to do this. + +What can I give him to get him to avoid this stock? Thanks! + +**Edit:** Thanks everyone for the insight on this stock. I knew it was bad, but now I was able to explain exactly how bad it is and why. I managed to convince him to stay with the blended portfolio approach that I set them on a few years ago. + +As for their relationship, it's actually really good. He's not a reckless gambler but really just a big dumb goof that gets really easily convinced that something 'too good to be true' really can be true. (Don't get me started on all the links he sends me about 200mpg cars that run on water or air or whatever pseudoscience and I have to explain to why it's not true and etc.) My sister ensures me that she will always have the final say on any big purchases or investments. I believe her in this but I think it's a verbal agreement rather than a contractual thing. + +Again, thanks. My sister sends everyone here a big hug and delicious virtual brownies. +Can you suggest any good articles or reddit threads on what the spending pattern is of "Fat-FIRE" or "mass affluent retiree" budgets? I'm curious to see analysis on how expensive affluent retirees find post-retirement to be. + +I am frustrated to find that 99.9% of the literature on post-retirement spending patterns focus either on: +1) completely arbitrary "70% income replacement" nonsense +2) the "average" American's spending behavior (us FI-minded folks are very much not average) +3) frugal early retiree spending (often with dangerous corner-cutting like not having proper health insurance) + +I am interested to know more about how much fat-FIRE folks spend on housing, or how much affluent retirees spend on medical insurance/care. +Here a little weekend hype/hopium for any individual investor of GME. + +One my personal favorite parts of being an individual investor of GME is all the amazing DD that people have written. I know that the main reason I am not panicking about the uncertainty of the global economy right now is because I've read DD that has foretold everything from Evergrande imploding to the US dollar spiking while the rest of the world currencies simultaneously crash. + +I am so grateful, as an individual investor, to have these fellow individual investors share their amazing wealth of knowledge with us. + +One of my personal favorite bits of DD would definitely be the DRS ♾️Pool thesis. + +However, I think my all time favorite GME thesis would be the "black hole thesis". + +For those unfamiliar, essentially SHFs have oversold so many synthetic shorts-combined with individual investors DRSing their shares-- there would eventually come a time when GME becomes a black hole on the NYSE, **absorbing all the value of the market as SHFs sell everything they own to buy GME** + +You know, because shorts never closed and all. + +Well I believe that on March 14th 2022 that black hole formed. + +Now, saying as I discovered this black hole, I believe I have the right to name it. Isn't that how it works in the astronomy field? + +If so, I'd like to name this black hole: +#BlackHole:DRSGME + + + +What's so significant about March 14th, 2022? + +[The S+P 500 officially entered into a "Death Cross".](https://www.bloomberg.com/news/articles/2022-03-14/s-p-500-slides-into-death-cross-after-13-drop-from-january-peak) + +[Here's a post by another individual investor of GME that highlights the significance of this "death cross" compared to other "death cross's"](https://www.reddit.com/r/Superstonk/comments/xt5z20/comment/isck38n/) + +**I believe that the moment the S+P 500 entered it's death cross, that BlackHole:DRSGME formed.** + +Don't believe me? + +Take a look at how GME has performed compared to these blue chip stocks since the S+P 500 entered it's death cross. + +I believe March 14 2022 is the date that we saw the DRS floor take hold. Since then, GME has NEVER been pushed lower. Meanwhile, every other blue chip stock besides McDonalds and Starbucks is down- AND DOWN BIG. + +Typing this makes another bit of DD come to mind. Something about "negative beta". + +Can anyone tell me that GME has not confirmed the "negative beta" DD, at least since S+P500 entered the "death cross" **over two full quarters ago** ? + + + +(All data from Yahoo finance historical data) + +STOCK PERFORMANCE OVER LAST 7 MONTHS + + + + + Price at Price at + + Market Close Market Close %Change + + 3/14/22 10/13/22 + + + + + +AAPL: $150.62 $142.99 -5.06% + +AIG: $57.51 $50.94 -11.41% + +AMZN: $140.88 $112.53 -20.12% + +AXP: $172.79 $141.55 -18.07% + +BAC: $41.20 $31.69 -23.08% + +BRK.A: $493,785 $415,222 -15.91% + +BTC: $37,680 $19,757 -47.56% + +C: $54.23 $42.95 -20.8% + +CAT: $215.44 $183.14 -14.99% + +CMCSA:$44.97 $30.23 -32.77% + +COIN: $153.19 $69.26 -54.78% + +CS: $7.63 $4.53 -40.62% + +DIS: $129.03 $96.64 -25.1% + +ETH: $2590 $1336 -48.41% + +F: $15.74 $11.77 -25.22% + +FB: $186.63 $130.29 -30.18% + +GE: $92.45 $67.94 -26.51% + +GOOG:$126.74. $99.71 -21.32% + +GS: $324.98 $307.07 -5.51% + +HD: $318.36 $282.83 -11.16% + +JNJ: $171.69 $165.15 -3.8% + +JPM: $130.17 $109.37 -15.97% + +KO: $58.54 $55.87 -4.56% + +KR: $55.42. $46.57 -15.96% + +LMT: $444.45 $405.96 -8.66% + +MA: $328.59 $293.96 -10.53% + +MCD: $226.18 $246.75 +9.09% + +MS: $84.72 $79.32 -6.37% + +MSFT:$276.44 $234.24 -15.26% + +NFLX: $331.01 $232.51 -29.75% + +NKE: $117.57 $89.56 -23.82% + +SBUX: $79.29 $89.37 +12.71% + +TM: $161.09 $136.38 -15.33% + +TSLA: $255.46 $221.72 -13.2% + +UNH: $487.92 $509.91 +4.5% + +V: $200.33 $184.66 -7.82% + +WFC: $49.86 $42.38 -15% + +WMT: $144.05 $132.28 -8.17% + + + +#**GME: $19.53 $25.56 +30.87%** + + + + + +Who's the dumb money? Who's the meme stock?? + +LFG!!!! + +**If you as an individual investor are interested in GME you can buy and DRS GME @ComputerShare.com** +People with side hustles, second jobs and random money spinners: + +* How did you get into it? +* How did you get the skills required? +* How much does it pay, how much time does it take? +* It is worthwhile overall? +[Link to Amazon reviews](http://www.amazon.com/gp/product-reviews/B00NG7JVSQ/ref=s9_al_bw_rs1?ie=UTF8&showViewpoints=1&pf_rd_m=ATVPDKIKX0DER&pf_rd_s=merchandised-search-5&pf_rd_r=1M4BMWHVW8SHQ42KEAFH&pf_rd_t=101&pf_rd_p=2013754562&pf_rd_i=3003491) +I have a good system for how to trade, and it's been pretty successful lately. But I am struggling with my execution sometimes, and I think it's due to decision fatigue. I want to eliminate some more of the unnecessary decisions and not have to think as much as I do right now. I hope some of you can share what's worked for you. I trade very fluidly, adapting to that morning and trend, so it involves a lot more decision making than something like "take profit at $500 every time". + +I imagine a good trading system to be a set of very detailed trade outlines, based on the several setups I trade. These outlines should clearly explain what makes a certain setup "valid", the way to take profits, problems that may be encountered (news or other outside circumstances that can affect the immediate move), and exceptional circumstances for each, because even identical setups have different results due to different context. Should I try with a notebook, index cards, or some use of software that makes it more visual, etc? I was considering a flow chart but it grew faster than I expected with the decisions involved. I might try it again but I paused that for now. Maybe there's another way or software I am not aware of. + +Does anyone have some tips for me? I've been making a lot of progress but leaving some of the decision making to memory is definitely causing me to have some inconsistencies lately. I really want to fix this issue. Thanks for any helpful comments/DMs! +So I love trading, love it so much that it hurts - literally. + +Not following a plan and over leveraging is what’s hurting - I can’t seem to stick to the plan and when I ask refined traders they tell me that “you need to find and embrace who you are in the market” + +But it’s painful, 6 months of losing equity. I’m hitting rock bottom and I don’t know what to do. + +How do I stick to a damn plan and build discipline? + +If you got bs to contribute, get! Real people with real experiences pls - much love +Apparently it’s happening. $20k if you had pell grants, otherwise $10k, if your income is under $125k. I had a limit order to buy some more BTC at $20k, but just went ahead and bought some at market price. Was that smart? Who knows. We’ll see. Lol. +NOTE: The title should have read “my bank paid me £0.01 interest this month based on ~£2000. I would be 77100%+ better off had i staked that £2000” . This is because it’s mathematically impossible for something to be more than 100% less. It would be 99.999… + + + + +Banks make a tonne of money off of our money and custom. It’s well known that banks manipulate the money supply and interest rates. They have the ability to increase and decrease the money supply, resulting in major economic changes. They make money from interest loans, account usage, applications, ATM charges, credit card charges, deposits, withdrawals (depending on which account you have). + +A central bank’s actions also have an effect on imports, exports, and overseas investment & Central banks use a network of banks to distribute money in an economic system . The problem with the structure described above is that it places far too much trust and responsibility on the decisions of a central agency. + +Cryptocurrencies such as Bitcoin solves a few issues. No double spending, it’s algorithmic construct is decentralised, streamlined process to produce and distribute the currency. + +On top of that, let’s say if you had £1,000 and put it into USDC — which is a stable coin - that would be $1,331.76. You can stake that for 9.35% APR which could be $10.28 (£7.72) estimated monthly earning & $130.56 yearly. The monthly amount is a 77100% increase from the £0.01 my bank paid which they calculated on around £2,000 + + +Or, coins like Gala are up 216K%, a £100 investment into would be £216,426.9 — but obviously statements like that are easy to say in hindsight. But what I’m saying is, crypto is a great investment if you do your due diligence. + +We need to make our money work for us just like banks do, and cryptocurrency enables us to do so. Don’t spend money of big brands buy their stock. Don’t buy big chains (jewellery), buy physical gold/silver. Don’t rely on banks, gain control of your finances and do crypto 📈❤️ + +EDIT - here is The notification I got showing the £0.01p internet earned 😂😭🥺 https://imgur.com/a/TEZT8M2 +Do you know how far away $10,000 looked? It's easy to forget. I got into Bitcoin in 2011. I started the San Francisco Bitcoin Meetup. The first meeting was six of us at a bar, not sure how crazy we were. The price that year went from $1 to $30 — wow! And then it crashed to $3, and many people wondered if it would continue on to zero. The whole time, at that first meeting and later ones, the main line of thought, as far as price goes, was: "Bitcoins are probably worth nothing. But if this does become a thing, they'll be worth a lot." And $10,000, specifically that number, was as high as anybody dared to dream. That was the number where you'd propose it with a laugh, and then everyone would look away, embarrassed but dreamy-eyed. So please let me tell you, $10,000 is the moon. + +When I started the meetup, I just wanted to meet anyone who had *even heard of* Bitcoin. Of course there were online discussions, but I was so profoundly excited about this thing, and no one I knew in real life had heard of it (except my friends who I was relentlessly badgering). That's a weird place to be. Especially since today, almost everyone has heard of Bitcoin. So I meet up with these guys and I got to experience that shared excitement in person. I understood how members of an esoteric cult must feel. We strongly believed something — *that Bitcoin might be part of the future* — that almost nobody outside of that room believed. I was only pretty sure we weren't crazy. + +The second meetup was already bigger, and incredibly inspiring. My hope going in was that some people would get together to start a new project because of the meetup, but it became clear that that wasn't going to happen — everyone was already working on something. Besides talking about our projects, there was debate about the usual subjects: what's next for Bitcoin? What's it most useful for? What'll it look like in a year? No one was out to prove anything, everyone was hoping to discover something. Many people came through those first few meetings: the original founder of MtGox, the ExchB founders (remember?), the ZeroBlock founders, the TradeHill founders, the future founder of Coinbase, a bitcoinj author, and more. I say this only with the hopes that it gives me some scrap of authority, not as a leader, but simply as someone who was there, who was present for the early narrative. No one was imagining past $10,000. So, to me, $10,000 is the moon. + +And ok, there's a technical question of whether we mean $10,000/BTC, or $10,000 when you add BTC + BCH and whatever other forks. I say the former. If we're going to add up all the forks, there's an asterisk on the party, and we have to explain the details. We don't want details, we want headlines. We want the moon. So if it hits $10,000 per BTC, we should celebrate! $10,000 is the moon. + +There's always the stars. +Is there an ape out there with time and skills that can make an easy to understand PDF reference sheet on the topic of “So you want to be a GME investor. Here’s how to buy:” and after that lay out DRS, computer share stock plan purchase vs book, if not there, then which exchanges to route orders to, followed by which brokers are good and bad based on what they did last year during that sneeze. + +We can then take that document and post it at the top under the DRS one to point to the “how to” invest properly pamphlet. + +My thoughts are that once a second wave of FOMO comes rolling in, we should make it as easy as possible for new investors to come here and understand how to buy and hold any stock the right way. + +Thanks for all those that can help. + +Oook Oook +I have a portfolio of 1M (85% broad index funds, 15% individual stock picks and crypto). + +If I wanted to ease my mind in regards of all this imminent correction talks how many let's say 300(?) spy puts dated 12/31 should I buy relative to my 1M investments? + +Any better hedge than that? +My pension is with NEST, and after having just re-read the enrolment letter I've now realised that they only claim 20% tax relief, meaning higher rate tax payers have to submit a self assessment to claim the rest. Check yours today! + +Edit: extremely useful addition from u/Zanvork below: + +“You can claim up to 5 years worth if you haven't done so before. + +How I did it: + +Get a total of my contributions for each tax year (I phoned up my pension provider and they were able to email me a list of all payments) + +Phone up the HMRC employee helpline (0300 2003300) with your NI number tell them you need to claim higher-rate tax relief. Provide them with the yearly totals. + +I waited on hold for about 10 minutes while the guy on the phone presumably input all the data to work out how much I was owed. + +If it is a low amount they will adjust your tax code, if it is large (mine was £700) they will send you a cheque. + +This is just my experience, not sure if it goes this way for everyone.” +Might be a dumb question because you can't time the market... + +&#x200B; + +But with the[ASX 200 approaching its record high](https://www.abc.net.au/news/2019-07-05/asx-200-record-high-approach-wall-street-aud/11280874), would now be a bad time to buy ETFs? + +&#x200B; + +I've been sitting on the fence for AGES and decided to start investing after I get my next tax return... but with the sharemarket getting so close to record-high I'm not sure if that would be smart move? +Hello AusFinance, + +I’ve come to a crossroads and I’m conflicted of what path I should take. + +I always thought it was best to pay off the mortgage ASAP and be rid of it, but after browsing around it seems like that’s not the best thing to do financially. + +My partners and I combined take home is 194k. My initial plan was to use 90% of my wife’s income on the mortgage, the 10% for bills and we would use my income for day to day expenses. Doing this would let us pay off the remainder of the mortgage in 6.4years. + +But now I’m unsure and I’m thinking it would be wiser to work on saving to 100k and start investing more. + +The only other debt we have is 2 cars with not much owing left on either of them. + +Any advice is greatly appreciated! +I'd accepted a job offer back in Feb to start in June. Today I get a call to say they are rescinding the offer, but will pay me my 1 months notice. Obviously, I've already handed my notice in at the old company. This leaves me in a shitty place. Is furlough available for me, ant either the old or new job? Or am I just fucked? + +Thanks for your help +I know this is pretty much antithetical to the go long, don't sell ethos of this sub-reddit. This is exactly why I come to you guys with advice. I am also seeking advice on other forums. I am 30 with about a 960k net-worth. Breakdown is below: + + + +* 510k Taxable Brokerage on Vanguard (70% TOTAL STOCK /15% HC SECTOR/15% TOTAL INTL STOCK) + +* 220k Home Equity + +* 160k 401k (75% SP500/25% International) + +* 41k Roth IRA (75% SP500/25% International) + +* 30k Cash + +* 6k HSA + + + +I am seriously considering moving most or all of my taxable brokerage account to cash. This would increase my cash position from 4% to 70%. Clearly there are intermediate measures here that would still increase my cash position while not completely liquidating my equity holdings. My reasons for considering this are below. None of them alone warrants this type of drastic action but in conjunction with one another they start to make a bit more sense I think: + + + +* Wife is 3 months pregnant + +* Will likely be moving in a few months to pursue new job opportunity for spouse + +* My job prospects are unclear. Although currently employed and making good money, I am unhappy and looking forward to the move referenced above. In short, it is likely I will not have a job for a bit. + +* Belief that the market is pretty significantly over-valued combined with significant political risk factors may lead to a correction in the near term. Yes I know there is no crystal ball however it doesn't exactly feel like 2011 right now. I do see needing to a spend a bit in coming months due to life changes and would hate to have to sell on the way down. + + + +So what would you guys do? Clearly a larger cash position is warranted. Additionally, I should probably consider moving away from the 100% equity allocation I currently have. Other things to note is that I have about 35k of recognized gains in the taxable brokerage without about 30k short term and 5k long term. Tax rate this year will be 39.6%. + + +Update: Thanks for all of the advice. Here is what I ended up doing. I sold my healthcare sector fund. I had like $700 of gains so minimal tax hit. This is about 75k cash which raises my total cash position to about 105k or just a touch over a years expenses. It pushes my cash position to a touch over 10% of net worth and around 15% of our liquid net worth. Thanks to this community, you guys are really helpful. I will likely sit on this until the move is complete and reinvest at some point in the nearish future into a bond fund along with any proceeds from the house sale. +Why are ETFs seeming more and more to be considered the better option compared to mutual funds? For this discussion let's compare VTI and VTSAX. + +I understand that ETFs are lower fee. In the case of VTI vs. VTSAX though, it's only a difference of 0.01%. If I had a million dollar portfolio, I would only be paying $100 extra by having VTSAX instead of VTI. To me, that is worth it to have the option of automatic reinvestment of dividends. + +Edit: I do seem to be incorrect regarding reinvestment. In that case, the hypothetical extra $100 is probably worth it if the ETF is equally hands-off. + +The other most significant benefit of ETFs that I'm aware of is that they can be traded instantly when the market is open instead of waiting for the end of the day for an order to clear for a mutual fund. This would be great if I gambled and tried to time the market. However, I think I speak for most people in the Financial Independence community when I say that we are not traders, but long term buy and hold investors. For that reason, the ability to instantly trade ETFs has no appeal to me at all. + +The thing I'm most concerned about, is that I'm missing some nuance between mutual funds and ETFs when it comes to things like tax loss harvesting and capital gains harvesting. So far, I've found no substantial differences. + +I hope someone here can explain in depth what I'm missing (if anything) about the miracle of ETFs and the antiquity of mutual funds. +Why are we still here? Just to suffer? Every night, I can feel my leg... and my arm... even my fingers.... the body I’ve lost... the comrades we’ve all lost... won’t stop hurting... it’s like they’re all still there. You feel it too, don’t you? + +Currently down 72.55%, still hanging on. AMC has mitigated bankruptcy so I’ll make it back sooner or later, but not gonna lie having diamond hands is rough some days. I dedicated a pretty small portion of my portfolio to AMC/GME and am still holding. Dumped in $2.7k sitting at a whopping $730 as of writing this. We get new short interest numbers today after market close, if this is still above 80% I believe we’ll see a rebound. So I’ll keep holding + +Position: 107 shares & 15 AMC $20c 2/26 contracts. And 45 GME @ $80.12 avg, holding out there too + +Edit: stop telling me to sell. I’m not a pussy and would rather lose 100% than sell and admit I made a mistake + +Edit 2: to the guy who said “AMC just sells overpriced popcorn and the ability to sit in a seat” but who’s comment was deleted: Uhh, yeah. No shit Sherlock. Glad ur starting to realize how movie theaters work. But people keep paying for that overpriced popcorn and sit in those seats. This is not financial advice but, if people miss that stale popcorn and overpriced candy (candy the real cash cow here) once C*vid is over, maybe it’ll go back up. And the more bag holders there are, and the more hedges short, the higher likelihood we see a short squeeze in the future. Maybe. Situations like this is just a roulette table but there’s a small weak magnet under all the numbers where we lose money. Go look it up if you want, or laugh at my pain, I genuinely could not care less + + +EDIT3: **Were going up after hours +2.18%** this is it boys *and girls*, THIS IS NOT A DRILL. tomorrow could be the day it rises up to $420.69, here are some rockets to signify my strong belief in the underlying company and my love for the stock 🚀🚀🚀🚀🚀 +I’ll start. I went to sell an SPX spread(more than likely to algos) 1 min before expiry. Keep in mind I’m on mobile because I was at work. I set it up, see my credit, I’m stoked and I send it off. I watch VERY intensely for the price to stay above my strikes(PCS) and it did! But oh no! I didn’t STO a PCS, I BTO a PDS. Kicked myself very very hard for that one. + +What dumb things lost you money? Any slip ups or oversights that led to losing money? Buggy apps? Lapses in judgement? +I started wheeling by playing CSP's strictly by the books. I would open 30-45DTE at roughly 30 delta and try not to get assigned. I quickly learned trying to wheel algorithmically or mathematically is impossible. + +Even when buying to close at 50%, and selling on red days, I was loosing more money than I made. + +Over time I learned not to be so robotic about the trades. Now I don't care as much about the DTE. I tend to stick to around 30DTE but sometimes I will play the weeklies. + +I'm using my gut a lot more than my head now when determining how to open and close the trade. I'll open when I think the IV is ridiculous and the odds of retracement to my strike are slim. On top of that.. one thing I'm following now is YOU MUST BE COMFORTABLE OWNING 100 SHARES AT THE STRIKE YOU SOLD AT. This has been repeated time and time again in this sub, but if you aren't comfortable owning the actual stock for a long time, you shouldn't be doing the trade. + +This is why I like to run the CSP on companies that have high premium, but that I have some kind of familiarity with, or at least have some kind of trust that they aren't going bankrupt anytime soon. This will force your brain to play nice with you when you lay down at night. You won't be constantly worried that you'll be bag holding a company you know nothing about if the trade goes against you for some reason. Lastly.. I think people should stop looking at the 30 delta (Or i guess -30 delta on the put side). I think 30 delta is a little bit too greedy. On meme stocks when things can fall to shambles oh so quickly, the 30 delta trade turns into a curse more often than a blessing. + +Instead I would try to think of your premium profits in terms of A. what is best guess probability that I'm actually going to get assigned, and is it okay that I'm deploying that much capital? Forget about the mathematical Greek of delta and the "theoretical" 30 percent chance of getting assigned. When dealing with high IV meme stocks, the 30 percent chance you see in the options chain doesn't translate to 30 percent of the time I'm going to get assigned. Things will turn against you, or go for you very quickly and you have to be prepared for the worst at every corner. B. Think about the return on capital employed. If you think there is very little chance of assignment selling the 10 strike 30DTE and collecting 100 dollars in premium, but the trade is well below 30 delta, I'd be taking that trade all day long. You don't have to risk all your capital on above 30 delta trades to whore premium. Anything in the range of 5-10% per 30 days is insane. You might not make the full 60% per year compounded returns, but you can likely still hit that 25-30% and spank the spy returns. + +I would look back to see what happened to similar stocks or the underlying when things tank hard. You should shoot to get assigned near the bottom of the trading range (maybe slightly above where the stock was trading at before the pump), not the middle, not kind of near the bottom but still on the higher side of the trading range. Be prepared for SOUL CRUSHING daily losses, people in WSB loosing all hope that the stock will ever recover, etc all the way towards expiration. + +When you run CSP's like this, more often than not you will win out because you have successfully stacked the odds in your favor. Either the stock will keep mooning and you can close for around 45-50percent profit from gamma or vega gains.. or you can play the long game and be comfortable if the option value sits at -50 percent loss for a majority of the time you hold onto the contract until the theta burn kicks in. Also, if you miscalculated and think the strike is too high to get assigned, go ahead and roll early to a lower strike to at least recoup the premium you lost by buying to close (if you still believe in the company). If not.. shame on you for writing the put to begin with and take the L. + +Hope this advice helps those who are still struggling with CSP's. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +The pages of WSB are filled with it: loss porn. + +I myself have wrecked my account with ludicrous calls/puts, speculation stocks, or jumping on the bandwagon right before is soars off the cliff. Every one of these has taught me a valuable lesson, and makes me think twice before doing anything similar. + +My question is: what large losses have you endured using thetagang strategies? What lesson would you give your younger self to prevent it from happening again? +Intel Corp. Chief Executive Officer Pat Gelsinger has been saying that it’s risky for the U.S. to rely too heavily on Asian chipmakers. He’s argued that the American government should only subsidize domestic players with the new $52 billion CHIPS Act. Gelsinger hammered away at the same point again last Wednesday, saying that China’s military threat against Taiwan makes the island “unstable.” + +On Friday, TSMC fired back. It was the first time that I, or any experts I talk with, can recall the Taiwanese giant admonishing a customer. “Not too many people will believe what Intel says,” TSMC Chairman Mark Liu told reporters on the sideline of a tech forum in Taipei. He added that TSMC does not attack its “peers.” Previously, TSMC executives have almost always described Intel as a “customer” rather than a “peer,” as a show of respect. + +“It will be very negative for the United States to subsidize only American companies,” Liu said. “Unlike Intel, TSMC is very positive about non-U.S. chipmakers expanding capacity in America. It is a great thing. This shows our decision two years ago [to build a new fab in Arizona] is correct.” + +https://www.bloomberg.com/news/newsletters/2021-12-07/tsmc-intel-trade-barbs-over-u-s-chipmaking-fully-charged +So here's the brief backstory. Husband lost his job 2020 and wiped out all of our savings. He found a new job Jan 2021 that was full time. Pay was ok and enough at full-time. Recently they dropped his hours to 30 a week. Now, they are dropping them to 20 a week. We can not subsist on him working 20 hours a week. So I and my son both got part-time jobs, but they make less per hour and we both don't get enough hours to cover the drop. + +I have applied for assistance, but because I am "self employed" the snap office repeatedly refuses to do anything unless I show 4 months of pay stubs even though I work for myself and do not have pay stubs. In the past taxes sufficed. So we get zero assistance. + +How are we gonna make it? + +I pay for a doctor and medicine out of pocket. Food is all on our house. Everything is on us to provide... + +So my husband makes $15 an hour. I make a variable rate that lands anywhere from $18 an hour to $5 an hour and nothing is guaranteed pay wise. I average about $400 to $500 a month no matter how many hours I put in I noticed. I have a small child yet at home that is disabled, so I must have the flexibility to work 1099. If I could add different 1099 that was NOT internet based or phone based that would be great or that I could "set and forget" to actually make good money. (Like ebay or something, but I have nothing for ebay) + + My son makes $10 an hour, but works may be 10 hours per week. He was out of work for 10 days though recently, so will likely have no check for 2 weeks. (Also, side note, we use only half his pay and most of that goes to gas to drive him to and from work) We live rurally and there is no public transport. + +With all of us working, after taxes, it's a little shy of 2k per month of which our truck (payment and insurance...not gas, taxes, repair, or maintenance) is $650. I have tried to refinance...no dice. I have insurance shopped...nothing. My medicine and doctor is about $200 a month and more if I get sick. Our electric has been as high as $500 a month. Then water is $100 roughly and trash is $50 and internet used for work is $90. After gas and food and animal feed...we have zero in the bank or are in the red. I am so frustrated. + +I need to get the electric down...but our company has us listed as a business since my husband works at home even though we only use a computer and the phone line for one person like anyone else would. So frustrated...tips welcome. +For the life of me I seem to be confused about selling covered calls. Here is my scenario: I own 400 shares of AAPL with an average price of $135. Now it shows that there is a strike price of $137 expiring next week, with a bid of $0.90. + +So I can sell 4 contracts (since I have 400 shares) at the strike price of $137 for next week, with the bid of $0.90. 0.90*400 = $360 from the premium. So if next week comes, and AAPL is only at $136 and not my strike price of $137, then that day of expiry I will keep my shares, but also make $360? And if say AAPL is $140 by the expiry date, then I still make $360 + I make the difference of selling 400 shares at $137 so an additional $800 so my total profit for that week would be $1,160 (minus commission fees). Am I understanding this right?? +In current WSJ economic survey of more than 60 economists they were asked "When do you expect a recession to start?" and forecast has highest likelihood is year 2020: [https://www.wsj.com/graphics/econsurvey/](https://www.wsj.com/graphics/econsurvey/) . Another survery at CFO Global Business Outlook over 1500 global CFOs predict a recession by the third quarter of 2020: [https://www.cfosurvey.org/press-release/recession-expected-by-late-2020/](https://www.cfosurvey.org/press-release/recession-expected-by-late-2020/) + +How accurate are these economic forecasts? + +Some prominent investors are also signalling that a crash may be coming: + +* Warren Buffett's Berkshire Hathaway is predicting a crash and is holding $128.2 billion in cash and seems to be unfazed by the stock market rally and is waiting for a correction to buy good value stocks: [https://www.cnbc.com/2019/11/02/warren-buffetts-berkshire-hathaway-reports-a-128-billion-cash-pile.html](https://www.cnbc.com/2019/11/02/warren-buffetts-berkshire-hathaway-reports-a-128-billion-cash-pile.html) +* Ray Dalio founder of  world's largest hedge fund Bridgewater has placed a $1.5 billion bet on bet on market crash. [Ray Dalio believes we are in a period of time similiar to 1937](https://www.businessinsider.com.au/ray-dalio-bridgewater-debt-crisis-downturn-coming-about-two-years-2018-9?r=US&IR=T): + * asset prices are near full capacity, we are late in the growth cycle + * interest rates close to zero percent, QE to prop up the economy + * income inequality, wealth gap has widened as wealthy have access to cheap capital + * big gap in politics betwen left and the right with populism is on the rise + * global tensions are rising as a new nation is rising to power + +[https://edition.cnn.com/2019/11/21/economy/ray-dalio-economy-great-sag/index.html](https://edition.cnn.com/2019/11/21/economy/ray-dalio-economy-great-sag/index.html) + +* Robert Shiller is Nobel-Prize winning economist and his CAPE (**C**yclically **A**djusted **P**rice to **E**arnings Ratio) index suggests a stock market crash is on the horizon. He cautioned that the impressive returns investors have been enjoying over the past few years are likely coming to an end, saying **he expects U.S. stocks to return an average of just 4.4% each year over the next 30 years**: [https://www.ccn.com/bubbles-everywhere-suggest-stock-market-crash-coming/](https://www.ccn.com/bubbles-everywhere-suggest-stock-market-crash-coming/) + +Crash will certainly happen as [no bull market runs forever](https://traderhq.com/illustrated-history-every-s-p-500-bear-market/). The hard part is timing it. +WSJ: + +> Global stocks rebounded Thursday but remained on track for quarterly losses after investor worries about rising rates, trade tensions and the health of the technology sector ended an extended period of calm. + +> Ahead of the long holiday weekend, the Stoxx Europe 600 was up 0.5% led by the auto sector, following small gains in Japan, Hong Kong and Shanghai. U.S. futures pointed to a 0.4% rise for the S&P 500 and a 0.8% boost for the Nasdaq . + +> For the first three months of 2018, however, the S&P 500 was poised to lose roughly 2.6%, ending a nine-quarter winning streak, while the Stoxx Europe 600 was on track to end 4.6% lower, the U.K.’s FTSE 100 8% lower, and Japan’s Nikkei 7.1% lower, also hit by the dollar’s weak trajectory. + +> While little was able to stir stocks for the past two years, markets have become more sensitive to any hints of bad news in the last two months, returning to a more elevated level of volatility and lower returns. + +> With central banks moving gradually away from stimulus, tax cuts already passed and the early signs of acceleration in the global economy in the rearview, “the question now is how much newsflow can there be about things getting incrementally better versus getting incrementally worse,” said Chris Dyer, director of global equity at Eaton Vance. + +> While he still is optimistic about global equities in light a healthy and upbeat corporate sector, “when you think about trade wars, North Korea, privacy and internet companies, there’s a lot that could scare investors,” he said. + +> The S&P 500 has fallen 4% so far in March, on pace for its worst month since 2016, while the Dow Jones Industrial Average has fallen 4.7%. Yields on 10-year Treasurys have risen to 2.77% from around 2.41% at the end of 2017. + +> “You’re losing money in fixed income, losing money in equities: The average balanced account at the end of the first quarter is going to be down,” said Philip Blancato, chief executive at Ladenburg Thalmann Asset Management. + +> Just a handful of equity markets have clung to small gains for the year, including Italy’s FTSE MIB index, the Nasdaq Composite, and Hong Kong’s Hang Seng. + +> Still, Mr. Blancato and many investors remain encouraged about the outlook for the second quarter, pointing to continued momentum in the economy and corporate earnings. + +> “You’ve got a strong consumer, great earnings growth because of less tax, and an expanding economy coupled with low inflation and low lending rates,” he said. “You still have all the underpinnings of a very strong stock market.” + +> Data Wednesday showed the U.S. economy grew more than previously estimated expected in the final three months of 2017, while figures Thursday showed the German unemployment rate hit a record low in March. + +> First-quarter earnings per share for the S&P 500 are meanwhile projected to rise 16.6%, according to CFRA Research, and 2018 earnings estimates for the tech sector, a current focus of market worry, have continued to move higher in the past month, according to FactSet. + +> The S&P 500 now trades at 16.3 times forward earnings, cheaper than where it started the year. + +> On Thursday, auto makers led gains in European stocks, with reports of merger talks between Japan’s Nissan Motor Co. and Renault boosting the sector. Renault shares were up 4.2%, + +> In Asian trading, many tech stocks took a hit following falls in the U.S. and recent declines in crude oil prices hit the energy sector, but a slight easing of geopolitical tensions, driven by speculation of a Japan-North Korea summit meeting, helped weaken the yen and support Japanese stocks. + +> Japan’s Asahi Shimbun newspaper reported that the country has reached out to North Korea about a meeting between Prime Minister Shinzo Abe and Kim Jong Un, who just shook hands with Chinese President Xi Jinping in Beijing and already has a summit planned with U.S. President Donald Trump. + +> Some investors took it as a sign that Pyongyang may be more open to negotiating an end to its nuclear-weapons program. The two Koreas agreed to an April 27 meeting. + +> The report came on top of a dollar rebound, which pushed the dollar up 1.4% against the yen on Wednesday, its biggest one-day gain since September. A weaker yen tends to boost shares of multinationals which translate earnings from abroad. The Nikkei rose 0.6%, pulled down slightly by shares of Takeda Pharmaceutical after the company said it was considering a takeover bid for London-listed Shire. + +> Still, for the quarter, the Nikkei ended sharply lower, hurt by a 5.6% climb in the yen against the U.S. dollar. + +> In China, news of a tax-cut plan boosted local shares. Shanghai stocks were up 1.2%, helped by Beijing’s plans to lower value-added taxes. The 400 billion yuan ($63.5 billion) measure, due to take effect in May, is expected to boost factory profits in China by a further 11% this year, said Li Xunlei, an economist at Zhongtai Securities. + +> Hong Kong’s Hang Seng edged up 0.2%, keeping it up 0.6% for the quarter. + +> The U.S. Commerce Department releases its report on February personal income and outlays on Thursday, which will be watched for any signs of a pickup in inflation. Federal Reserve Bank of Philadelphia President Patrick Harker said he expects officials will need to raise interest rates a total of three times this year, up from his earlier projection of two, due to stronger inflation. + +https://www.wsj.com/articles/many-asia-markets-rebound-from-losses-1522293236 +Hi all, thought I would post this here instead of a global subreddit, as the advice might be more useful from fellow Brits. + +I'm a 26 M. I work in an entry-ish level job and in 2021, I made more from stocks (and crypto) than I did from working. + +I try to be an active investor. As the nest egg increases, I feel I need to spend more time looking after it and be more knowledgeable. + +So the million dollar question. + +What can I do to be a better investor? + +- I already spend a lot of time reading and watching online +- Is there a real benefit from seeking serious education? Like a bachelor in finance? +- Should I look to enter the finance industry (if possible) or would this hurt my personal investing capabilities +- Would my investor history in any way help me work in finance? Or is it no substitute for a degree + +I'm curious how everyone else is improving themselves +Has anyone managed to get marked as a "professional client" without meeting all of the requirements of a professional client or an elective professional client? (For example interactive brokers: [https://ibkr.info/node/3298](https://ibkr.info/node/3298)) + +Basically can I tell the broker that I am happy to take the "risks" whatever they may be and I'll deal with any downfall? Or self certify just trading in SCHD and QYLD which are the ETFs I am looking to get a position in? + +**Note:** I know you can gain positions in these via options and CFDs, but I am talking about directly buying the ETFs. +The other thread yesterday about % portfolio that people have invested in Chinese companies got me wondering......just how do you invest in them? + +The likes of Trading 212 and other mainstream providers don't seem to provide this option. They have funds or trusts which are focussed on China, but that's not the same as owning the shares. +Alright guys, be gentle with me, I'm a newbie! Late last year I've bought Vanguard's FTSE Global All Cap Index Fund (Accumulation) and have been putting in £100/month. I'm now looking into getting a bond fund to manage risks and unsure which to get. I would hopefully be putting in another £100/month into this fund. I'm also wondering if I should stay within Vanguard and their list of funds such as the Global Bond Index Fund. I have also heard good things of UK gilts and investing in bonds backed by governments so maybe the Vanguard UK Gilts UCITS ETF or UK Government Bond Index Fund is a better choice? Any help would be greatly appreciated! +Hi all, + +Why is there a difference in price in these two? Looking at trading 212, i accidentally bought distribution (I want accumulation), is there any reason not to sell and buy the other? + +Thanks +If a stock if promoted to FTSE 100 from the 250, fund trackers would buy up the stock which would increase stock price? + +What happens when markets are relegated from the 100 to 250? +As the title says, I like to study company’s but based on their earnings but im finding that nothings getting published when it’s supposedly meant to be released. For example ASOS was meant to on the 12th and still nothing reported ? +Idly browsing Fidelity's investment finder and decided to sort all funds by 10yr annualised rate. Thirteen of these funds have a negative 10yr annualised rate with the worst having a rate of -11.52% + +Why would anyone buy into these funds? Is there something I'm missing? +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +I recently invested in to rightmove and since doing so it has risen about 10% but a couple of years ago the price was super high and then it fell off a cliff where it has been for quite some time now. However, I've read some things that sound promising for rightmove and it appears to be in a good position from what I can understand to grow in the long term, I'm wondering what you guys think? +I'm sure I'm not the only one that has noticed that whilst 2020 was a good year for stock returns, the actual return of US equities I held were reduced due to the relative weakening of the dollar to the GBP. I only started investing in April 2020, but the stocks I bought then have seen 10% loss on value due to the foreign exchange. + +There are mixed views on the impact of the large volume of money printed during the pandemic and how this will impact inflation. Ranging from the Fed denying inflation will occur, to Michael Burrys view on hyperinflation and complete market collapse. Whilst I also do not know what will happen, my assumption is that the USD will likely continue to weaken relative to the GBP - please feel free to disagree below. + +On the assumption that the dollar will continue to be devalued, what strategies are people employing to reduce losses due to the Fx? Even many of the etfs on platforms such as vanguard trade using the USD as the base currency. +Looking here [https://www.bloomberg.com/markets/rates-bonds/government-bonds/uk](https://www.bloomberg.com/markets/rates-bonds/government-bonds/uk), I notice that the 2 year gilt yield is 0.7&#37;, 5 year 1&#37;, and 10 year 1.26&#37;. You can get better rates in easy access or fixed term savings accounts, which don't have the risk of the principle losing value when rates go up and also have less time to maturity. So I don't see the value in owning these or similarly low yielding bonds, as I see no upside. + +Funds such as Vanguard LifeStrategy do own these. Their U.K. Government Bond Index Fund has 64 bonds with an effective yield to maturity of 1.3&#37; and an average maturity of 17.8 years. ([https://www.vanguardinvestor.co.uk/investments/vanguard-uk-government-bond-index-fund-accumulation-shares/portfolio-data?intcmpgn=fixedincomeuk\_ukgovernmentbondindexfund\_fund\_link](https://www.vanguardinvestor.co.uk/investments/vanguard-uk-government-bond-index-fund-accumulation-shares/portfolio-data?intcmpgn=fixedincomeuk_ukgovernmentbondindexfund_fund_link)). + + What do you think? Thanks for any comments. +I'm sure I'm not the only one that has noticed that whilst 2020 was a good year for stock returns, the actual return of US equities I held were reduced due to the relative weakening of the dollar to the GBP. I only started investing in April 2020, but the stocks I bought then have seen 10% loss on value due to the foreign exchange. + +There are mixed views on the impact of the large volume of money printed during the pandemic and how this will impact inflation. Ranging from the Fed denying inflation will occur, to Michael Burrys view on hyperinflation and complete market collapse. Whilst I also do not know what will happen, my assumption is that the USD will likely continue to weaken relative to the GBP - please feel free to disagree below. + +On the assumption that the dollar will continue to be devalued, what strategies are people employing to reduce losses due to the Fx? Even many of the etfs on platforms such as vanguard trade using the USD as the base currency. +I have just come across DS Smith (SMDS) who are packaging company with a focus on recycled packaging which is where future lies I believe. But this is not an area that I close to, to fully appreciate the complexities and challenges of. The stock is also hovering around its current price level for the past almost one year. Is it worth investing at the current level? +Hi everyone, + +After some advice for picking a vanguard fund/funds for my mum in regards to some specific needs (FIRE in a nutshell)... thus far she has spoken with a wealth management agency who’s fees are through the roof (£11,000 a year and increase with time). Plus the £5000 just for initial advise if she goes with them. Basically predicted a 6.15% return giving her 20k and then they seem to take the bloody rest. Vanguard looked to be around ~£1500 a year if my calculations were correct. + +Details as per thread notification + +- Female 50 +- Retired so no current income +- Wants to earn an income to live on roughly (20k up to 30k if obviously if possible) without depleting the funds. +- Risk tolerance was a level 5 (that probably doesn’t mean anything here) basically could drop to -20% and comfortable riding through any lows but not too big a risk of course but wants decent income also has around 135k in cash still (any recommendations for this?) as an emergency fund etc.. (too much?) +- No current investments.. (has money in a few diff account earning interest, Marcus Goldman, current accounts mixed to max interest) +- Mortgage paid off, fairly new car, significant other who’s still working +- Time horizon - ideally till the end 40+ yrs +- 0 debt +- Lives a fairly inexpensive lifestyle outgoings currently around £1200 a month obvs wants money now to have a couple holidays a year again nothing too expensive. Money to do things at the weekends etc etc so hence wanting an income of around 20k-25k. Of course bigger the better but within limits of not depleting the income have liked into safe withdraw limits 2.5-3.5% maybe 4% I know this is the “general rule” + +I have been looking into vanguard myself and wonder if a life strategy of say 60% or 40% would be a good option here or FTSE global all cap or S&P 500 (obvs this isn’t diversified enough to put it all in here alone) just examples... have looked at past performance and know this is not at all a future guarantee.. any past experiences or thoughts are much appreciated Thanks, +Hi all, + +Where can I learn about and invest in corporate bonds? I currently work for a company that pays 10.5% on its private corporate bonds, which implies perhaps a high level of risk in the company, however i know that this company will not fail for a long, long time as we have PE investors willing to fork out hundreds of millions if needed to keep the company going and protect their initial investment. + +This had me thinking that there are surely quite a lot of other companies with similar high yields, and looking on HL i can see halifx and lloys pay 13%+. What is the biggest reason people *don't* buy these? Surely these 2 are unlikely to default? Is it the value of bond coupon itself fluctuating? +Hi all, thought I would post this here instead of a global subreddit, as the advice might be more useful from fellow Brits. + +I'm a 26 M. I work in an entry-ish level job and in 2021, I made more from stocks (and crypto) than I did from working. + +I try to be an active investor. As the nest egg increases, I feel I need to spend more time looking after it and be more knowledgeable. + +So the million dollar question. + +What can I do to be a better investor? + +- I already spend a lot of time reading and watching online +- Is there a real benefit from seeking serious education? Like a bachelor in finance? +- Should I look to enter the finance industry (if possible) or would this hurt my personal investing capabilities +- Would my investor history in any way help me work in finance? Or is it no substitute for a degree + +I'm curious how everyone else is improving themselves +How do you handle FOMO? + + +I started investing last year, with my entire investment currently being in Vanguard Global All Cap, as it seems a good place to start and it’s easy to just fire and forget, which works for me. + +However, seeing how the market has acted this year, with things being valued at what they’re valued seemingly being pumped up through hype, it always brings that what if feeling when looking through them (e.g. Tesla, NIO, PLUG) + +How do you deal with this? Have you joined in on the rallies and profited? Or do you stick to your plan for the long term and take advantage when opportunities are clear? +I have an account with Trading 212 and an account with Vanguard. If I wanted to buy the Vanguard S&P 500 fund am I better off buying it through Trading 212? Vanguard has a platform charge of 0.15% and Trading 212 allegedly only make their money from alight variations in the buy sell spread. +I'm in need of some investment advice. I'm not sure if this is the right place to ask or not, but I know one of the rules of investment is to not place all your eggs in one basket. Does anyone have any strong opinions on if/how I should diversify this? +What do you think about the consequences of EU and USA monetary policy on inflation? Are you takings any different approaches? Is holding sums of cash and DCA especially dangerous in these periods? +I'm 27 years old, French, currently living in Berlin. I've been travelling across Europe for the past 8 years and ended up accumulating roughly 50k€ which are currently sitting on a current account at Deutsche Bank. + + + +Lately, I've been thinking of buying an apartment for myself and my partner (who is German/not married yet, if that matters) - nothing too fancy, just close enough to the city center. According to Immoscout24, that would be roughly 200-250k. I could probably pay that off within the next 15 years. My close friends keep telling me I should buy ASAP , but I'd like to be able to explore my options - maybe investing would be more profitable? + + + +As a preface, I have absolutely zero knowledge in investment banking and my german is not good enough to read about the different options available to me. I have tried talking to my bank, but I get the feeling they don't really care since I'm not a "high profile" customer. + + + +My income fluctuates from month to month as I am a freelancer. I very rarely make below 2500€, and can go up to 4000€ per month (brutto). Of course due to the nature of the job I can also end up at 0 at any point, but I've been fairly stable since I started 2 years ago. + + + +There's not a lot of people I take advice from, so I'm turning to Reddit to help me make a decision. Thanks in advance. +I’d like to hear your thoughts on the pros and cons of paying off a home early. + +My jobs give me decent income for 1 person to live. therefor I'm saving some money each month. Right now I have 50K euro sitting in KBC saving account collecting dust + +&#x200B; + +Since I get little to zero interest in my saving account I was thinking maybe paying the mortgage fully next year or 2 + +and just be debt-free. + +the house is currently rented to a family, getting 850 euro monthly from that + +living with my parents + + +\-earn between 2000-2300euro + +\-collecting rent 850euro + + +\-bought the house at 100K + +\-2.45% fix interest + +\-800euro/mortgage + +\-currently open mortgage 67k (7yaers 3months to go) + +\-300euro total expenditure for all other things + +&#x200B; + +Did anyone pay his home early in BE? +does the yearly tax hits hart? +any other idea to put that amount of money to work? + +My plan here is to be debt 'free' and do a part-time job so I have more time for my own life +I have been using Meesman Indexbeleggen for investing in the last 5 years in the Netherlands and I like them, but I am wondering if I am paying considerably more than using Degiro or IB and doing it manually. + +Anyone with advanced knowledge knows a bit more on Meesman Indexbeleggen vs Degiro/IB? +One year ago I moved to Spain but I am a Portuguese citizen. I have a job here in tech, with permanent contract, net income about 2.6k/month. I need to ask for a loan of about 10k-15k euros to help my parents pay a debit in Brazil. Not sure if it is a good strategy to get a loan here instead of there but in Brazil I don't have any income. So I'm considering the taxes/fees to send this money to Brazil. My bank is BBVA here in Spain and I did some simulations and I got this deal: +. Request Amount: 15.000€ +. Term: 36 months +. NIR (interest rate): 7.2% +. APR: 9.24% +. Opening Fee: (2,3%): 245€ +. Total amount to refund: 17.123€ + +Do you think is a good deal? Any tips to get a better deal? Any other banks to ask? Feeling a little lost... Thanks! +I come from a poor country, where financial education is nowhere, and people's way to life is to raise kids who will hopefully take care of you when you're old. 8 years ago I got my first contract abroad, and since then I have a high level of income. Unfortunately, due to my ignorance, the best I could come up with in terms of managing the money smarter, was building an emergency fund. Financial markets and investments were something way too distant for me. + +Last couple of years I spent developing myself, and one of the main areas were finances. This is when I came to realization that I lost 6 years without investing a penny into my future! How dumb I feel currently! + +During my learning process I was experimenting a lot, and lost some money already (I knew that would happen, and I was fine paying for the experience). I was copying "best" investors on eToro just to see them go negative the moment I start following them. I invested in Scalable Capital robo broker just to observe how it bought at highest price before the pandemic, and sold at lowest at its peak, and still far from recovering. And so on. + +This is what I look like right now: + +- Married, have two kids. Wife's not employed. Renting an apartment. Leasing a car. +- Net income €4.4k. My current lifestyle is below €4k, which leaves me with at least €400/month for investments. +- Work at Amazon, and already maxing out my private pension plan (€280/month), since it gets tax benefits and 15% employer contribution. +- 16 AMZN stocks granted as RSUs. Amounts to ~€41k. +- €37k in home country CDs (yield 5-10% annually), which I'm about to close. +- €14k in Scalable Capital robo broker at 24% VaR, which is roughly distributed 70/30 between equities and bonds. +- €3k in Scalable Capital Broker, invested in VUAA. +- €27k lended to friends, who can't pay off the debt currently. + +I'm looking for ways to reorganize it all, and currently looking at something like this (while hoping to hear your opinions and advices): + +1. AMZN stocks was the main driver in my portfolio, as it grew significantly over the past few years. However, it's high risk and suffers from diversification. Should I sell or keep them? If sell, where should I invest them to? +2. I'm frustrated with the Scalable Capital's robo broker performance. I've been with it since August 2019, and it's down -14%. Should I keep it until it gets back to positive or should I close it and invest in an ETF instead? +3. I want to build a two-/three-fund portfolio. Is VUAA a good ETF to be investing into in that regard? Or shall I be looking for something else? Once I close my CDs, where would you recommend putting money in? What could be included in such a portfolio? +4. Based on my situation, what else would you do? + +There're some "should I or should I not?"s in the text, but I'm actually looking for advices or recommendations or an approach you would've personally taken. Any feedback is highly appreciated! +Firstly apologies for simple question - I am a bit overwhelmed with all things investment related. I have no real idea where to start and where to dedicate my time and energy on. + +&#x200B; + +Early 30s, married, own apartment (mortgage), who has frugally saved around 60k euro by now and is able to put aside around 4k per month. I want to be FI when I retire but I have no idea what to do. + +&#x200B; + +I just opened a DeGiro account in Netherlands and placed 10 euro to see how things work, but I have no idea what I am doing! I am listening to The Millionare Next Door as well as scheduled to read [morningstar.co.uk](https://morningstar.co.uk) & [https://jlcollinsnh.com/stock-series/](https://jlcollinsnh.com/stock-series/). + +&#x200B; + +Am I being naive into thinking that "you just put money into something/somewhere (monthly or periodically) and you leave it there for 20-30 years, after which you have a nice stash to live off?" + +&#x200B; + +I have heard others saying x% per year in profits from their investments - does it mean I will have to daily buy/sell stocks/shares/etc.? +I started investing and opened an ETF saving plan. + +In Germany the capital gain is ~26%. + +My question: (these numbers are just for example purpose) +For example, if I invest 100€ and when I want to withdraw it growed 20%. If I withdraw 120€, is the whole 120€ is considered for 26% tax or only the 20€? + +Or if market crashes and I loose mony (no gain at all) do I still pay capital gain when there is no gain? +Whats your experience with digital online banking? revolut, n26, TransferWise etc + +I have been trying other options in addition to a French local bank laPoste, + +This La Banque Postal is a nightmare, they charge fees and i have to ask them why, the banker would insist its better or choose something for me i have not agreed to, its very much the same around France when shopping at stores where they try manipulating naive customers into what THEY believe is best for them as well as trust the state when it comes to where your taxes are going... + +**revolut,** + +So i got revolut after watching this Nico guy online seen he has experience, + +**Transferwise,** + +then Transferwise seemed to help get the money from my local bank debit card to revolut, + +**N26,** + +then i got n26 because their cards look cool and the whole n26 staff seemed very into their banking like revolut., + +**monese,** + +then monese sent me a UK and EU card..they seemed to be more less of a non resident uk type., lil scary. + +**LeuPay**, + +Then i asked LeuPay for a card which was a bit of while getting verified, they seem to be a Russian based company. + +thinking of online freelancing in the future as a business i also tried payoneer...eeeks!!! + +**Payoneer** + +Payoneer is a NIGHTMARE!!, unless your dealing with their own contracted bulk ordering and selling clients and opening an account with 5k forget it, + +Payoneer but does not tell you any of the above when you open an account, you even see videos about how to request for payments from clients.... instead they give the impression that you will get a payneer card when you earn the equivalent of $30 US dollars...then when you notice you cant order it and ask why because of all the videos showing how to,, your told that the money has to come from one of their contracted institutions...... + +So i asked them to give the money back and they said i have to top the account of at least $50 including some fees, but who knows..maybe i need to contract one of their institutions with at least 5k to get my $30 back and cant remove the 5k too. + +I had another friend from Spain also tried topping off her account via transferwise yet they sent her a rude email asking who the client was who sent her the money as they noticed it was from herself and then told her it will be returned within 24 hours....i have no idea why it was diferent for her then from my own same exact +Hi all, + +&#x200B; + + I have a specific question that my Google-fu failed to answer me, so looking for your guidance. I'm a non EU citizen with a Permanent Residence in Germany (specifically Munich, Bavaria - I don't know if that is relevant). I'm in a process of negotiating a position with a US based company which has a subsidiary in Estonia. They offered me to be an employee of their Estonian branch, remote work is fine for them. I would like to keep living in Germany and not relocate to Estonia. I would also like to continue my social contributions in Germany (health, pension, unemployment...). + +&#x200B; + +Is there a way to do this, keep my residence in Germany and work for the company in Estonia? What kind of a professional would I have to consult for this? + +&#x200B; + +Thank you and have a nice day. +Hello people, + +I'm a total beginner regarding investments and I started out last year or so. So currently I'm in a learning phase, and my goal would be to learn as much as possible about ETFs, since it's what I'm dealing with. + +I have a DeGiro Basic account, and the only ETF I'm buying is: **Vanguard S&P 500 UCITS ETF (IE00B3XXRP09)** on Euronext Amsterdam. + +I guess this is an ETF beginners start with :)I'm getting familiar with DeGiro and buying ETFs, so my monthly contributions have been low so far. I have bought 1/2 shares a month, using market orders, and I have 6 at the moment. + +I would like to have a short-term/passive income strategy, but I'm not that confident and knowledgeable to do so. Also, I would like to do stock picking, but I'm building my safety net, so it's not the right time to doing this either. + +So for now, I'll stick to ETFs for a long-term strategy. + +My concerns/questions are: + +\- I know that diversification is important, and currently, I have none. I have read a lot of people mentioning [IWDA](https://www.justetf.com/uk/etf-profile.html?query=IE00B4L5Y983&groupField=index&from=search&isin=IE00B4L5Y983), or in general developed countries ETFs. What's the deal with developed countries? Is it just a way to diversify? + +\- What do you usually look into when trying to diversify? Do your personal interests influence buying, for example, thematic ETFs? + +\- Do you have any sort of automated system in place? Like do you use [https://etfmatic.com](https://etfmatic.com/) ? Or do you know if it's possible to setup automated transactions/orders in DeGiro? + +\- Am I doing wrong using market orders? + +\- Do you have stop loss orders in place? Or they are not the way to go for a long term strategy? + +\- I have also read about REITs, what do you think about them? Do you have any suggestions (besides Google and Youtube :D) about learning? + +\- How do you feel about giving your life savings to brokerages? Do you have any strategies or suggestions if things go wrong? Like if they go bankrupt? + +\- Do you use any other brokerage? And what do you think about DeGiro? + +Thanks! +Hi All, + +After reading a in this sub and rankia I've opened an account in Renta4. But for a total novice this is overwhelming so whats next lets say I want to invest 5-10K in a Bogle approach, how can I do it? +Any advice is welcomed. +Thanks +Hello, +I am (26F) expat living in the Netherlands with my husband we both are from India , I am a web developer working in NL. I was working previously in India, but unfortunately did not invest at all and my husband does not know much about investing he keeps all his money in savings account (NL and India) . I am a complete beginner in investing, so would like and recommendations for resources and learning materials.If I plan properly I will be able to save about 75 to 80% of my income. My husband has about 6 months of emergency fund for both of us, so won't have to create one for me.I have following questions +1)My employer does not provide a pension scheme, so I want to invest some amount for my retirement (How much percentage of my income should go towards my retirement fund?) +2) We are not sure how long we will be staying in NL, or will move back to India in some years. So should I invest here in Europe or Mutual Funds in India. +3) If I start investing in an Etf through Degiro what will happen to that account if we move to India after 5 or 6 years? +4)Where should I invest for short term goals like less than 5 years (down payment for a house) . +5) And I want to invest 5% of my income in high risk high return investments , any suggestion for this ? + +Thank you +Hello. I have a question. I have been comparing Ishares SP500 dist and acc etfs on Justetf. Returns in the returns table look the same over the last 5 years. Also, the chart looks the same on both etfs. The price chart on Google is also the same for both etfs. What am I missing? Where are the reinvested dividends hiding? As I understand, the accumulating ETF should grow quicker, since it does not pay out dividends so the charts should differ?...what did I miss? +As the title says really. + +Curious to know what opportunities people around Europe have to grow their personal wealth. + +Does your country offer something like a tax-free wrapper for investing in stocks and shares? What about pensions? Investing in real estate? Capital gains? Taxes. + +Share the pros and cons of personal finance in your country. +This question is obviously aimed towards someone who invests from Serbia. + +&#x200B; + +As far as I know, most brokers that are mentioned here aren't available to Serbians. Interactive Brokers are available but I've read that it's hard to transfer the money from our banks to IB account. SogoTrade is also an option but I not so many people talk about them here so I'm a bit skeptic. + +Are there any viable alternatives? + +Do you use local brokers, and if yes which? + +Fees of local brokers are high, do you think the investing is even worth it? + +What taxes do we pay? + +Do we pay taxes for dividends in accumulating ETFs? + +&#x200B; + +Thanks in advance! +My partner and I have been living for almost 2 years in Vienna. We are currently renting an apartment here for \~1k€/month. As our financial situation seems to be on a steady track, we are considering to buy an apartment for ourselves. Our situation is as follows: + +We are both expats here (EU citizens), both working office jobs. Together we bring home \~5k€ a month (after tax), paid 14 times a year, according to the austrian law. We also have \~70k€ saved up. We don't have any other loans or major expenses and we live in general a rather frugal lifestyle. + +The apartment that we are considering costs \~450k€. However, as we quickly found out from the real-estate agent, another \~10% needs to be added to this as initial costs for purchasing the apartment. After a talk with a financial adviser he mentioned that another \~5% needs to be added as commission fees for opening the loan + bank fees. + +&#x200B; + +So, my main question would be: given our situation are we overstretching with a 450k€ apartment? Is this a good idea, financially speaking, or are we going into too much debt? + +Also, does somebody else has experience in dealing with mortgage brokers? How do they operate and how are they able to obtain better interest rates for their clients? The guy that we talked to asks for a one time 2% commission fee, which seems like a large sum. However, if indeed he can negotiate a lower rate then I guess that sum is easily covered over the years. + +I would appreciate some inputs and ideas. Thanks! +I know that everyone is saying that VWRA is the same as VWCE just denominated in USD however looking at their loses in the last 5 days and difference between usd and eur something doesn't add up. + + +Since March 2 (beginning of the day) to March 8 (end of day): + +* VWCE lost 1.74% +* VWRA lost 4.59% +* USD/EUR grew by 1.65% + + +Where is the extra almost 1.2% drop of VWRA coming from if the only thing different from VWCE is the currency? +Hello, + + +Just wanted to share the portfolio allocation I'm planning for now. Just a word of warning: this will probably be a controversial one. Screenshot: https://imgur.com/C04isgZ + + +My current portfolio is mostly single stock based (with a mix of tech, and consumer mostly), but I'm planning to get rid of all these individual stocks and shift towards ETFs. +I've read a lot about the benefit of single or near-single ETF based portfolio given the diversity one gets (e.g. using VWRA, which is still a large part of the next portfolio) +On the other hand, I still like to have some control over what's going on, especially if that can be tailored by sector: right now and for the past decade tech has been booming, so it makes sense to have more % in that sector, while the consumer sector could go wrong in the next few years since the effects of COVID are still to be felt there. + + +In addition, I think there should be some high risk to take by betting on individual companies (though with sector based ETFs you're already exposed to the largest ones) so I kept 2 high risk stocks on companies I personally like, and would not *mind* losing some of my investment if they were to go down. + + +Just wanted to see your opinion, if you think it's a reasonable thing to do or if this idea of multiple ETFs should just be ditched and either go single ETF or just pick all the stocks yourself +I invested 7k across some sector specific ETF's: ICLN, WCLD, HEAL, ESPO and SMH. + +Is it stupid to start investing now in a broader etf like the Vanguard S&P500 due to possible overlapping? I want to do this to have a safer investment option in my monthly contributions and to invest in a comission-free ETF listed on DEGIRO. + +Any thoughts? + +Thanks +Who the fuck do you think you are? Kenny I’m talking to you and all your little pals. What’s the move? What’s you’re next plan of action? + +The reason I ask is from where I’m sitting you all are fucked and we should be seeing some of your big plans unfold soon. Gonna drop the price down to 10? Perfect. I’ll make sure to save up. Gonna talk shit about RC and crew? Why the fuck do I care when I know the float is 50% locked at this point? That means without counting retirement accounts, brokerages, etc… it’s lookin a little tight for ya. You see, I know. You know I know. We know you know that we know. Who is gonna blink first? + +What would ever stop me from buying more? I mean seriously, at this point, why would I stop? Ryan Cohen isnt the reason I bought. I bought because like most of us we have read the DD. Now, maybe every single thing I’ve read on this subreddit was wrong. Maybe I’m the biggest conspiracy theorist on earth. Maybe you all really got out of your positions but you see your tactics actually reveal what’s really going on. If it weren’t for the media, I may have paper handed a long time ago. + +And yet, a year and a half after the gamestop small squeeze, you all still talk about it. You still tell me to sell. You still bash everything about the company that I believe in. + +Where was the media in 08’ telling my grandparents things are looking bleak and you should pull some money out? You all didn’t care that their 401ks dropped so much within a year of retirement. Where was the media in 08’ telling my aunt that the adjustable rate mortgage wasn’t a good idea? You all didn’t care that she lost her house, because she no longer could afford it. + +So my question to you, the shills, the apes, the media, hedgies and every other mother fucking person on this planet, why do you care so much about what I do with my money now, when you didn’t care about my family then? So you know what? Im gonna keep buying and holding and buying and holding because for some reason it gets a reaction out of you. + +Am I really suppose to believe that everyone cares about me losing money now? Truly ask yourself when you felt the Media was actually trying to protect the small guy. It’s because it doesn’t come from media it comes from the unsung heroes of Dlauer and Dr T. + +So this is my proposal. I won’t be eligible for social security until I’m close to 70 (if there’s any left lmao) and if I invest for the next few decades in what you want me to, I might get out at 69 and the die of a stroke Shortly after. OR, I can buy this one special stock, that has become sort of a movement of its own. A Mement, if you will. Now I don’t know the extent of trouble you all are in but from your Twitter account last September, the never ending articles saying to sell, the trash talk of the ceo, and Jim Cramer being Jim Cramer, 50% DRSed shares and bankruptcy completely off the table, y’all look like your in some shit. + +Apes I’m writing this because I think we all know the greatest FUD that has ever existed is coming our way. We don’t know when and we don’t know how. This is what I do know though. I’m a grinder. I’ve worked 12 hour swing shifts for 7 years and counting and you think I’m gonna give up possibly the only chance I have to make a difference in me and my families lives? Kenny, it don’t cost me a damn dime to hold, but I hear it costs you a dollar to short. 👀 +I was at the fuel pumps at Sam's Club next to a guy in a newer type Mercedes. He picked up a screw citing it would have punctured a tire. Told him he a good man for that. I joked that I am sooooo poor, I can only replace tires 2 at a time. He subsequently tried to hand me some $$. At least a $20 USD citing he needs the blessings (buying good karma) I refused and told him to give it to someone who really needs it. + +Man got me wondering if I'm really f###ing poor af. 😑😑😑🙁🙁😕. +I went to see a therapist which I found on my health insurance company's website of listed providers. + +My therapist didn't know what my copay was at the time, she told me she looked into my credentials and said it was $20. + +I stopped seeing this therapist because my schedule for work changed, plus I didn't find her to be a good fit. About a month and a half has gone by since seeing her, and she sent me an email yesterday saying that because she was an out of network provider I owe her $700. + +If she was an out of network provider in the first place, shouldn't she have told me in the first place? This seems a bit unprofessional to me. + +EDIT: Wow this has gained a lot of traction! I tend to keep matters like this factual and to the point but here is some additional info: + +- My therapist is blind, she has an assistant doing her billing. However this doesn't really explain the lack of communication. Someone could have notified me of this five months ago. + +- I actually see a new therapist in the same building, in the room next door who takes my insurance in network. I will be mentioning it to this new therapist(she also is a better fit). + + +- I DO have a deductible that can go towards this $700, but this is really about the principal of the matter. + + +- At the end of my treatment, she wrote me a check for $80 because I overpaid in copayments(the irony!). Now she wants more moolah. + + +- I have email correspondence for everything. + +- I also have an entire PDF of therapists who are under my plan, she is listed as one of them. + + +- As for my anxiety? Well I'm just dealing with this in the moment, new therapist made better suggestions about dealing with stress. +Thinking of how to escape in July. Hopefully vaccinated by then. I am thinking of chartering a boat from mainland Italy to Sardinia or Corsica. Budget is between € 50-100k per week. We will be 2 couples. Any suggestions on finding a good broker? What should we expect in terms of additional expenses (fuel, tips, etc) ? +Its a whole lot easier to DRS in the A/C 😁 + +DTCC shit the bed this time and boy does it feel good to watch them scramble. Fatigued? Never heard of um. Keep going and buckle up! 🏴‍☠️ + +SOON: boxes coming out of buildings and lights on all night. + +Post moass party in zuccotti? + +Buy. Hodl. DRS. +Cya on the moon! 🚀 +Two years ago, I financed a Toyota RAV4 for 16k before taxes and fees (bringing my total loan to 18k). Eight months ago, I moved back to NYC and ended up paying an extra $150 a month to park a car that I never used. Not using it turned out to be an expensive mistake, as I just spent $600 replacing my brakes. The brake repair was a wake-up call. I *hate* driving in NYC and the public transportation is perfectly adequate. For as infrequently as I use my car, I could get a Zipcar membership or rent a car for trips and still come out ahead at the end of the month. + +The same day I left my car at the dealership, I posted a Facebook status saying that I was *considering* selling my car and was looking for advice. I immediately got a message from my best friend's boyfriend, who's looking to buy immediately. 24 hours later, he's agreed to buy it for my full asking price, sight unseen. The price is enough to cover the remainder of my car loan, the repair and servicing I just had done, and leave me with a tiny bit extra. I can't believe it was this easy. + +I'm a little sad - it's my first major purchase and I have a lot of great memories in that car - cross-country trips with friends, etc - but I've freed up an extra 500 a month in income and wiped out 12k of debt just like that. When I do decide that I need a car again, I will be in a much better position to buy outright. It hurts a little, but it's the right thing to do for my finances. It's just become dead weight and a source of stress to me here. + +edit: lol, this little mental fart made the front page. +Hi guys, long story short, new grad looking to invest. Currently maxing 401k, but have extra money to invest. Now heres the part where i am confused. So I know i'm supposed to start putting my extra money in index funds and let it sit, but I cant for the life of me understand why. So lets say I put the rest of my earnings into a fund and let it sit where it will gain 8% a year. And comparing that to my savings account of pretty much 0, that looks like a good deal. But lets say I do put all my money into the market, and we see a recession or a correction within the next 10 years. I would be better off holding off putting my money in until that correction, and then going in. Lets say S&P was 1,335.63 in 2000, and 10 years later it was at 1,123.58 in 2010. It did go up a lot during those ten years, but i'm not taking it out at any of those times. Hypothetically, if I consistently put money in during those ten years, I would be down when a correction hits. Why wouldn't I just wait till the correction, (which is supposed to be overdue) and go in then? + +Sorry, if this is a stupid question, I am very money illiterate. + +I put this in personalfinance, but they just downvoted me and the one guy who I thought could help me, pretty much told to me to pound sand. +Long time member on my own path to FatFire, but Throw away account here... + +Hi all, my father is C-level at a relatively small startup with a very strong trajectory and an upcoming series A. Their goal is to raise as little as possible so they can maintain as much control as possible, while still aggressively growing the business. They are currently revenue positive and have several strategic partners who would be potentially interested and well positioned to do a buyout at some point. + +My dad currently has options worth about 5% of the company, and even with dilution from future funding rounds, a successful exit would likely result in $5-20m. + +Last time I chatted with my dad, it became clear that he doesn't have a tax strategy for a potential exit. The company is small enough, it sounds like it is possible that my dad could restructure his equity into something more tax efficient at some point in the future if it would be advantageous. He feels about 75% confident that they will have a successful exit so might be willing to pay taxes on some of his options as they vest, but he certainly doesn't want to overexpose himself to this. He wants to retire after this and with no exit will have enough to be comfortable, but paying $500k-$1m in taxes now for equity that later becomes worthless would have a meaningful negative impact on his retirement. + +My question to you all is what should be my dad's next steps? Who should he meet with to discuss his options? What questions should he ask? Any thoughts on how you might approach this or what you did if you have been in a similar situation? + +Thanks for your wisdom! +I am about to have my first annual review since joining the work force (tech sector). I'm aware that inflation this year is quite high, and asking other friends in my sector in the same city, it seems the annual pay rise has been about 3%. If I get offered the same thing, am I basically taking a pay cut? Is this a common occurrence? +Just looked on Bitboys twitter to see the fallout of his poor life choices and noticed that David Schwartz himself called out Bitboy. Congrats on destroying what credibility you had left, Bitboy. + +I can only imagine Ben is at home now screaming at his wife and staff that people are making fun of him and it's just not fair. + +&#x200B; + +Oh also, Bitboy you're NOT the largest crypto youtuber. That would be CoinBureau and always has been. No matter how much you cry about it. + +https://preview.redd.it/6d8emoz28rj91.png?width=757&format=png&auto=webp&s=a8dbf522cd988743d5376fabe9714445a19306c5 +I don’t have the time or energy to read 60 pages X 40 years worth of reports, so can anyone recommend the most useful years to read? Thanks. + +Edit: for the love of all you can eat, Buffett* +Hey /r/personalfinance! + +Its a little long down there sooooo lets start with the readers digest version...Also throwaway account because finance talk ;) + +**TLDR:** In 4 1/2 years I went from being 20k in debt to [surpassing 100k net worth](http://imgur.com/aRQi970) thanks to /r/personalfinance by: + +1. Increasing my income from $0 to $100k per year without increasing lifestyle/expenses +2. Living well below my means +3. Eliminating Debt +4. Not taking on new debt +5. Saving and Investing in Retirement +6. Being proactive and positive in my career + +I cannot believe I actually hit 100k net worth today...its seriously surreal. Words can't describe how grateful I am... both for the financial security I have today and the help /r/personalfinance has given me along the way. Without you guys I have no idea where I would be. I had zero financial knowledge before... like nothing. + +In the past 4 1/2 years the financial advice and expertise you've provided has opened my eyes to a future I couldn't have dreamed of before. I wanted to share my success and offer my story/help to anyone else struggling financially this year. I promise things can and will get better with patience, a little perseverance and of course hard work :) + +**My Life Before PF (2011)** + +In the interest of keeping things clear and concise... i'll just give you the key bullet points. + +* $20k of Debt (Student Loans - BA in Sociology) +* Unemployed (Lost Social Work Job during the recession) +* Credit score - Around 350-450? (BoA would not give secured CC to me) +* Broke and on food stamps +* Only income was selling T-shirts on the street + +**Moment of Revelation** + +The moment that pushed me to take control of my financial destiny was being denied a secured line of credit and needing to sell my favorite surfboard for rent on the same day. I had never had a credit card before, knew nothing of credit scores and didn't understand why I was denied. I also had no money in the bank and $20 in food stamps for a week of food. + +I realized I needed to understand the financial forces in the world to live the life I dreamed of having. I also realized that those forces were already working against me. If I didn't learn to make them work for me I realized I would be destined to a life of insecurity, doubt and fear at every unexpected expense. + +I was 27 years old. + +**Creating a Plan** + +1. I started reading and learning as much as I could about personal finance, credit, loans, debt, etc. +2. I discovered /r/personalfinance and immediately posted about my financial situation and asked for advice. +3. Based on that advice I did the following: + * Decided to transition careers and started applying for internships and entry level positions in new fields. + * Requested my free credit report and created a game plan to tackle outstanding debt/negative marks + * Organized student loans according to interest rate and created a plan to aggressively highest interest loans and work my way down. + * Once I had steady income, resolved to establish an Emergency Fund that would give me a 3-month cushion should I lose my job. + * When all of the above was completed...start saving for retirement and building credit + +**Step #1**:***Increase Income and Career Potential*** + +Increasing my income potential and career prospects longterm were of utmost importance to get my finances under control. As such, **I resolved to start from the bottom and work tirelessly develop my skill set.** No matter how much pride/sacrifice it might take... I decided I would find and excel at a new career. I jumped right in and... + +* Identified my transferable skills and polished my resume +* Decided that I wanted to work with startups/companies developing exciting new technology +* Immediately started applying and interviews. +* NO JOB WAS ABOVE OR BELOW ME...If it seemed interesting and like I had even a few relevant skills I would apply. +* This process was essential in refining my personal pitch and honing in on the positions/areas that interested me the most. +* Not to mention all of the phone interviews/in-person interviews we invaluable training for future job searches + +After a few weeks I was offered an internship and a great company for 20-hours a week at $10 an hour. All of the other interns were still in college, most couldn't even drink and despite feeling like an OLD ASS MAN at 27... I knew this was a great opportunity and jumped at the offer. + +**Step #2** : ***Work Hard, Move Up*** + +From the interview my internship it was explicitly stated that no interns would be hired. I decided my new goal would be to change their minds. My performance would convince them to keep me around. **SO I PROCEEDED TO WORK MY ASS OFF!** By the end of the internship: + +* I'd learned more than I could have imagined +* I had two full-time offers on the table from companies I'd applied to over the internship +* When I told my intern supervisor, he said "Do not accept another offer... we want you here." +* The next day I signed an offer letter at the company I interned with starting at $50k a year. + +IMPORTANT NOTE: + +I've continued working with the same zeal and dedication. As a result, I've been promoted several times and my salary has increased from 50k a year to 100k a year. I believe a strong work ethic can make anything a reality. + +**Step #3** : ***DONT LET MONEY CHANGE YOUR LIFESTYLE. LIVE BELOW YOUR MEANS*** + +My new salary allowed me to immediately start saving and tackling debt...BUT ONLY BECAUSE I DIDNT SPEND THAT MONEY ELSEWHERE. If I was living on food stamps before... I should be able to keep my expenses low right? + +I continued to live well below my means and put all of my extra money into paying down debt, then saving. **This meant no new cars, no new debt, and no frivolous spending sprees.** I had to keep my eye on the prize even if I wasn't under such intense financial pressure. + +Within 1-year I had: + +* Paid off ALL OF MY STUDENT LOANS + +* Increased my credit score by over 100 points + +* Established an emergency fund of $1000 + +* Begun utilizing my companies 401k match + +* Promoted and given a pay raise + +**Other Essentials** +1. I have found that YOU HAVE TO BE PROACTIVE to increase your income, salary and position. + * I initiate salary reviews on a yearly basis with my superiors + * Jump at the opportunity to take on new responsibilities + * Being proactive doesn't mean forcing you're way on others + * I always look for the right and appropriate moments to further my career goals while remaining teachable + * I NEVER FORGET THAT EVERYONE IS REPLACEABLE and work hard to be an asset to my company + +2. Pay CC off in full every month and don't take on new debt + * If I want a car... I buy used and wait until I have the cash on hand + * Same goes for any consumer product + +3. I now MAX OUT ALL RETIREMENT ACCOUNTS THAT I CAN + * 401k + * ROTH IRA + +4. I maintain a liquid emergency fund that will cover EVERYTHING AT MY CURRENT LEVEL OF EXPENDITURE for 6-months + * I dont touch it + +There is so, so much more I could add... so if you have any questions at all please ask away... I love helping people with this stuff since it the advice I was freely given here literally changed my life. Anyone can do it! I swear! + +Last but not least... THANK YOU ALL AGAIN. If it wasn't for /r/personalfinance I'd still be lost in life! + +EDIT: WOW..the skeptics are strong... I didn't immediately respond to comments with questions because i posted this at 2am... then went to bed. I am going to go through today after work and respond to everyones questions one by one.... even if it takes me till 4am. + +EDIT #2: I did not win the lotto or inherit any money + +EDIT #3: Job progression and salary information ... + +* Assistant Community Manager: $50,000 K +* Community Manager: $66,000 K +* Operations Manager: $80,000 K +* Head of Operations $100,000 K + +NEW YEARS EVE EDIT #4: +I just realized its new years eve so I just wanted to let you all know that I plan on hammering through comments tomorrow afternoon/evening... I have not forgotten about you. You all are my first priority for the new year. + +I’m lucky enough to recieve rental assistance for an affordable apartment in my city. Even though they raised the rent this month and it is far from “affordable” anymore, but I digress. In relation to the rest of my area, I guess it is affordable. I have the only affordable unit in my building, the landlord implemented it so he can get a tax break. + +Once a year, my landlord and the housing comission comb through every inch of my finances to confirm that I am, indeed, poor. The woman who I contact for it is well and truly brain-dead: she can’t understand why my checking account would “fluctuate so much” over the course of a week. I also had to explain to her what a “franchise” is last year. But the absolute worst part of this process is getting my manager to sign off on my poverty wages. + +You can’t be direct about it because it makes them uncomfortable. Well, they fucking should feel uncomfortable. Every single one of your employees qualifies for low income housing, I’m just the one lucky enough to get it. I’m full of so much bitterness/resentment and I’m not even 30. Anyways, thanks for listening to me bitch. +This might not be quite the right place for this question but I'll ask anyways. How does retirement work/look differently in the US versus in Europe, the UK, or Australia? Not even early retirement specifically, just in general. + +In the US, its all about your 401K and Roth and personal investments. The idea being that you need to make your wages count early on to continue providing for you when you're old and can't/dont want to work. + +However, I know that wages in the US are **much** higher than elsewhere. If you are living and working in the EU, with intentions to retire there as well, do you rely on the same/similar formula as a US worker or is there a better presence of social programs and private pensions still available? + +Asking as I am eligible for dual citizenship and would love to move abroad at some point. I am not sure if the move could be permanent or not and this question might help solidify that +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I cashed out about 40% of my positions a month ago. I bought a bunch of stocks I liked long-term near bottom and my portfolio had made it back to pre-COVID breakeven, but I got spooked by economist warnings of an actual depression, the billionaire investors sitting on the largest cash position in history, the tech stocks hitting ATHs in the middle of a dead underlying economy, bankruptcies starting and epidemiologists warning of major disaster if we reopen too soon. Earning season would be a bloodbath and unemployment hitting record levels since the Great Depression. There's never been a pure v-shaped recovery, so why would this be the first one? + +"You can't time the market (as in sell at the peak and buy at the bottom), but you can be rationally optimistic or pessimistic about the overall direction and act accordingly" I thought. "I'm going to take profits from this irrational FOMO bubble and keep some money on the sidelines so I can snatch up long-term stocks for well below current valuations when this whole thing inevitably collapses." Moreover, I didn't want to see my portfolio back down 30% again if could avoid it. + +Welp, most the stocks I sold are up \~20% since then. I still hold positions in all of them, but missed out on thousands and thousands of gains. + +The reason you "can't time the market" is that market is not rational. The market goes up on bad news and down on good news. Stock valuations have nothing to do with actual values, the underlying economy, etc - only whether investors perceive future growth. People want to get into positions in good companies as quickly as possible, and thus it becomes a FOMO race all the way back up or above where you started, like an eBay auction where competition drives a price above where you might have sold had you simply offered a flat price. + +Rational economic pessimism has been a disaster ever since the economic reforms in 2009. The Fed is always going to work against any bets against the economy (well, unless you are investing in Berkshire or banks during a crisis, apparently...The Fed is lending money at no interest and bailing out failing companies, leaving no room for such opportunists to profit.) Thus they've detached Wall Street from the underlying economy almost completely. + +And you know the second you spend every penny going long on everything, the whole house of cards will finally collapse and you'll be holding underwater stocks at extremely high valuations or with extreme risk of a prolonged shutdown. Because that's what you deserve for being so irrational. +I had a few bangers over at r/GME before the mass exodus but none were actual DD and none have made me this excited to display what I've just learned whether or not its small so here it is: + +I just got off the phone with Fidelity about transferring my Robinhood shares to my Fidelity account (I know late af to the game but hear me out). I was transferring single digit shares I was holding in RH to my now double digit account over in Fidelity (I had been buying GME strictly on Fidelity following the Robinhood buy restriction but I was scared to transfer in limbo until I researched more about what kind of timeline I personally expect for the MOASS. After digging through tons of comments under transfer posts, I realized that transfers usually took less time than Fidelity states it will take for an average of about 5 business days. + +I could've easily transferred the stock online without calling but I wanted someone to pretty much confirm my assumptions that it was still a good idea. The guy I spoke to was extremely nice and instantly applauded me for having GME after I answered the security questions. After I explained that I wanted a full account transfer and gave him all the details, he began to talk about and reveal something extraordinary. This is where it gets JUICY. IM ABSOLUTELY JACKED TO THE APE TITS TARZAN MOM STYLE. PSA though: I don't have any actual proof or transcript of this call so you're just gonna have to believe my word as an ape brother. I believed his. + +**A Different Perspective into** **the Sheer Size of Retail Population:** + +Okay so let's get down into it like my wife's boyfriend after my 7pm bedtime. This poor employee began going into detail about how he overlooks bonds for Fidelity but he also does at-home customer service. He said they have been absolutely slapped on the cock with how many people have transferred accounts and opened new account just in 2020 and especially 2021. I instantly realized that this guy knows exactly what is going on with GME and what is coming so I asked him a few questions which he gladly informed me on. I didn't have much time to talk so I only got 2 outstanding, amazing numbers from him and here they are in order of importance: + +**1) In a single WEEK following the buying restriction on RH for GME, Fidelity processed more than 500,000 INDIVIDUAL account transfers JUST coming out of RH...ONE WEEK.** + +I find it hilarious that Robinhood lost **3.85%** of their TOTAL customers in a single WEEK that is insane and also fuck them. I don't know exactly which week but given that the restriction happened in late January-early February, the subsequent number of account transfers following that 500k week has to be dick large like yo mama levels. This is obviously speculation, but I would conservatively say that account transfers from RH to Fidelity AFTER the RH restriction is NO LESS than 3 million individual accounts to date. I mean come on 500k accounts in a single week and its been over 2 months (8 weeks) since the restriction? You could probably have a sincere estimate pushing 5 million accounts (not shares, individual accounts!). To back this up u/Philip3110 made a post [here](https://www.reddit.com/r/Superstonk/comments/mkr1u5/rh_users_down_63_in_march_retail_investors_losing/?utm_source=share&utm_medium=web2x&context=3) that shows an article officially reporting RH 63% loss of users (over 8,190,000 users lost). So I think it is definitely possible that 3-5 million migrated to fidelity or elsewhere. Using previously lowball, calculated estimates on average shares of GME held by apes, that is 5 x 3,000,000, 15 million, just for the people that transferred shares from RH to Fidelity in the last 2 months. Sheeeeesh. The extreme support and backing of Fidelity in the comments of r/GME and r/wallstreetbets posts leads me to believe that there had to be other transfers from other brokerages to Fidelity too. I would be comfortable saying that in these past 2 months alone, Fidelity has seen an increase of account transfers containing more than 15-20 million GME shares alone. Other brokerage seeing migrations likely drive this higher. Now this obviously isn't new shares being added but it pretty much gave me a wakeup call about how many shares are really out there in retail if this many are just the ones that got transferred. **AND** on top of that, a ridiculous amount of shares have been bought and held since then too. I believe that retail owns a ridiculous minimum of 80 million shares. On r/GME u/thedav1d also attempted to estimate the retail holdings [here](https://www.reddit.com/r/GME/comments/mduj5t/dd_why_retail_is_holding_far_more_shares_than/?utm_source=share&utm_medium=web2x&context=3) . I think that the average # of shares held by redditors is anywhere between my estimate of 5 and their's of 10. They concluded that WSB alone holds 70 million. Truly no one knows for sure but I think that this Fidelity dude casually telling me about the true numbers in the mass exodus from RH means its a safe bet that its higher than even our most extreme estimates. Now on to #2 + +**2) In 2020 alone, Fidelity saw an increase in new users by over...wait for it...20 Million users. He said that nearly 50% of this was in the last 3 months of 2020. That's big.** + +The stats for 2021 are likely not available until the end of the year but I know for sure that number of new users for 2021 is already the size of kong's third leg. I was one of the new accounts opened in 2021 (January) and I'm sure at least hundreds of thousands of apes have done the same with at least a few shares. I've held through the $384 spike (at the time my average was $240 ouchie) and watched 80% of my savings go down the drain and then squirt back up in my face (sussy) because I wasn't a paperhanded bitch. I'd say I'm sitting right at or slightly above average for the apes population on shares held and I just want y'all to remember that its far bigger than you think. It always is. Retail is a force no one expected to be this large. From the start these hedge cucks expected paperhanding and it simply hasn't happened. In fact the buying to paperhanding ratio has to be like 100:1 or something ridiculous. + +&#x200B; + +"People hate to think about bad things, so they always underestimate their likelihood." -Charlie Geller a.k.a. the small fish that won big. + +You felt something was off. You researched, you discussed, you looked up, researched more, discussed more, and now you *know*, that you discovered something the rest of the world is conditioned to ignore. + +Hang in there and don't worry about dates. You're at the point in The Big Short where they have nothing left to cover the fraud. It is coming and you are hodling patiently with a smile of excitement. + +Edit 1: This is not financial advice obviously and is complete speculation + +Was on computer making this but now i’m on the phone 🚀🚀🚀🚀🚀 +A good time to buy on fear in the FAANGS next week. + +https://www.bloomberg.com/news/articles/2018-09-22/draft-order-for-trump-would-crack-down-on-google-facebook +**Short version** + +Been FIRE for 10 months and it's been extremely challenging for me. I've lost my drive to do activities, learn, etc. and I simply feel unfilled. When I was working, I felt mostly satisfied so this is a departure. To stop being complacent, I created a 30 day challenge to live my ‘dream RE life’ and update the community. If I can help other people prepare for a FIRE life than thats a win too.  + +**Long version** + +**The short story on how I FIRE'D** + +While there's a decent amount of posts on the journey to FIRE, there's less posts or relevant content (at least to me) about life after FIRE. After needing to work from 16 years old and finally not having to, the adjustment has been incredibly difficult. In hindsight, it's obvious that the transition to FIRE would be hard. After all, we're trained to work our whole lives and then to suddenly not have somewhere to be is jarring. I don't think people understands what that transition means, I certainly didn't. + +In January, I received a windfall from a tech startup close to $2M and for the past 10 months I've been FIRE. I expected to feel free and happy as this is what I *thought* I wanted my whole life. However, it's been incredibly challenging. While it IS fantastic to feel 'free', my sense of purpose, my ambition, and my drive has gone to the wayside. My fuel for living my best life is nowhere to be found. + +**The context** + +Way back before reddit existed and before I knew about FIRE, I had always known I wanted to be free. I've had this romantic idea for years that it'd be fun to travel the states (and the world), see new places and live the ultimate life of self improvement. It's my version of, "Travel, read, take up hobby, etc" that you always read after someone congratulates you with the proper ‘go fuck yourself’. But I haven't achieved any of my plans. I have all this time to travel, get in great shape, start a new business (that's fun for me), meditate, morning pages, create better habits etc etc. and be the person I want to be without my prior excuse of 'I have no time'. How come I can't make progress on the above? Between reddit, podcasts, and tv there's an infinite pool of distractions and doing meaningful 'work' takes a backseat. My motivation is gone. When all you have is time, procrastinating goals to tomorrow becomes a dirty habit. After all, you have all day! + +**The challenge** + +Well today, I decided for the month of November, to live out my romantic idea. For the next 30 days, I'm going to create my 'dream' life (the point of FIRE!). To create my dream life, I need to be fulfilled in all aspects which I've broken down to: Personal, Relationships, Business, Fun. + +**Personal** + +* Morning pages — M-F +* Gym 4x / week +* Morning routine — M-F + * Meditation + * 1 8oz glass of water first thing in morning + * Eat a healthy breakfast +* Eat 1 vegan meal per day +* I wanted to commit to taking a last minute trip but since I'm going to NYC and Hawaii in November this would be a bit much. Maybe if I do this again next month? +* Go to the beach 6x + +**Business** + +I've spent most of my career starting companies. I think doing another one would be fun. I currently have 3 ideas that I think are compelling. My goal is to try and validate/invalidate these ideas. My goal is to validate/invalidate at least 1 of them this month. Since I'm RE, none of these will be fulltime, at least for now. + +**Spiritual** + +* I already put meditating above, but I'll see if adding yoga as a place to go for working out instead of just the gym. +* Research 1 charity a day to see if anything resonates with me so I can figure out how I want to help other people to give back. + +**Relationships** + +* Do 1 relationship building project — I'm fortunate to have a great group of friends and we always hang out with each other and have been for the past 10 years. My goal is to come up with a project that will be beneficial to everyone. Can be small, but something meaningful +* Go on 4 dates — I'm on the hunt for a partner which is a big priority for me. I should put more dates as I have more time, but I think I should stick to focusing on myself for now + +**Fun** + +I need to make sure I don't just watch tv or play Settlers of Catan (both of which I can do for hours no problem). + +I'm so lazy but once I get outside, I have fun. + +* Go climbing 1x +* Goto an escape room +* Cook a fancy meal with my instant pot and invite a friend/date + +**Why post to reddit** + +Probably for validation! But seriously, the point is to a) hold myself accountable b) practice vulnerability (which is scary) and c) help others who resonate with what I'm going through (or can see themselves resonate once they reach FIRE) learn from all the mistakes / wins that I'm going through. After all, to me, the point of FIRE is to be happy on your own terms. + +Also if you have any ideas of what YOU do and/or are currently doing, I'd love to hear. + +**After 30 days** + +Hopefully after the next 30 days, I’ll be closer to understanding fullfilment and I’ll post on if I kept at it, if it was fulfilling, and some good suggestions that worked for other people that are FIRE.  + +Thanks for reading! I can also post my FIRE stats if interested.  + +Happy Friday! + +&#x200B; + +\*\*EDIT: I should clarify I didn't RE by choice. It was a circumstance of the tech exit. I probably would've kept working. So I guess the real issue is how to get motivation when you're FI. +Hi all, + +I recently got bumped from 55k to 65k. However post tax, it’s only a £200 increase per month. + +Should I be sacrificing a higher % of my salary to my pension? + +Im mid 20’s, with plans to buy a house in 2-3 years. Have about 50-60k in liquid investments/savings. First house/flat goal around 450k. + +Is there a more tax efficient way to make use of the nominal ‘10k’ salary bump since it’s minute post tax? + +Have already got 5% employer matched. + +EDIT: Student loan both undergrad and postgrad, new plans + +EDIT 2: No loans/debt other than student loans. Manic saver around 3/4 each month. No kids either/dependants. +https://finance.yahoo.com/news/exclusive-california-utility-pg-e-231131727.html + +> PG&E's board and management are working diligently to assess the company's potential liabilities as a result of the wildfires and the options for addressing those liabilities. We recognise the need to balance the interests of many stakeholders while maintaining safe, reliable and affordable services for our customers, which is always our top priority," the company said in a statement. + +> PG&E is also exploring selling its gas unit, potentially through a court-supervised auction during bankruptcy proceedings, one of the sources said. The sale could also take place outside a bankruptcy process, the same source said. The company is weighing using proceeds from the unit's sale to address death and injury claims arising from the recent wildfires, this source said. +From the WSJ: [ Stubborn German Slowdown Ominous for European Economy](https://www.wsj.com/articles/german-growth-falls-to-six-year-low-hit-by-manufacturing-recession-11579086072) + +GDP growth in Germany was a paltry 0.6% last year! Manufacturing contracted 3.6%. + +Additionally the gas automotive industry represents about **a quarter** of Germany's economy. That's a big issue considering electric cars don't need all the gas automotive parts Germany produces and the current leader--Tesla--is a primary competitor to German car companies like BMW and Mercedes. + +> “The next decade will be a decade of underperformance, and people may once again start talking about Germany as the sick man of Europe,” said Joerg Kraemer, chief economist at Commerzbank in Frankfurt. + +... + +> Germany’s weakness is bad news for Europe, and not just because of its size, accounting for about **a fifth** of the EU’s total gross domestic product. + +... + +> Germany’s Federal Labor Agency said this month that job vacancies were falling and more firms had reduced working hours to preserve jobs. +Highlighting the 10 part article from smithonstocks because its arguably one of the most important 10 part series ever and explains very well how the entire financial system is very very messed up and full of loopholes. I have pasted the text and images below. if you have read the previous DD such as house of cards and other work you would have seen it. + +FYI search for "smithonstocks" in dashboard to find all posts that talk about it. + +**all this work is by LARRY SMITH AND IS NOT MINE. ITs just as text so its searchable by the dashboard when it lands.** + +[part one-Smith on Stocks](https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/) | [part 2](https://smithonstocks.com/part-2-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-conventional-wisdom-on-how-illegal-short-sales-are-executed/) | [part 3](https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/) | [part 4](https://smithonstocks.com/part-4-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-who-are-the-key-players/) | [part 5](https://smithonstocks.com/part-5-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-traditional-shorting-compared-to-naked-shorting-both-legal-and-illegal/) | [part 6](https://smithonstocks.com/part-6-illegal-naked-shorting-the-secs-regulation-sho-is-intended-to-prevent-illegal-naked-shorting-but-is-ineffective/) | [part 7](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/) | [part 8](https://smithonstocks.com/part-8-illegal-naked-shorting-series-who-or-what-is-cede-and-what-role-does-cede-play-in-the-trading-of-stocks/) | [part 9](https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-the-risk-reward-of-shorting-versus-buying-stocks-is-extremely-unfavorable/) | [part 10](https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-legal-shorting-of-stocks-is-a-losers-game-but-illegal-naked-shorting-transforms-it-into-a-winners-game/) + +Some highlights + +## Part 1 in a Series of Reports on Blatant, Widespread Stock Manipulation that is Enabled by Illegal, Naked Shorting + +Posted *by* Larry Smith *on* Mar 27, 2019 • ([1](https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/#commentarea)) + +&#x200B; + +**Is There a Way for Com**Because of my visibility **panies to Fight Back? Yes!!!!!!** + +I am convinced that price manipulation by Wall Street bad actors is endemic in the capital markets and swindles legitimate inv Part 1 in a Series of Reports on Blatant, Widespread Stock Manipulation that is Enabled by Illegal, Naked Shorting + +Posted *by* Larry Smith *on* Mar 27, 2019 • ([1](https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/#commentarea)) + +&#x200B; + +**Is There a Way for Companies to Fight Back? Yes!!!!!!** + +&#x200B; + +I am convinced that price manipulation by Wall Street bad actors is endemic in the capital markets and swindles legitimate investors out of billions of dollars each year. This criminal enterprise is particularly directed against the stocks of emerging growth companies that are at the cutting edge of technological innovation and jobs creation and are so critical to solving humanity’s greatest challenges. Because my research deals with biotechnology, I am most aware of innumerable, vicious attacks on biotechnology companies, but the scheme is perpetrated on all types of companies, primarily small but also large. + +I wrote an extensive report in 2015 that focused on the central role that illegal naked shorting plays in this sophisticated, criminal enterprise. At that time, I was aware of several determined efforts to try to expose and end the scheme which focused on trying to first shed light on the manipulation, get the SEC to step in and/or to bring lawsuits. They went nowhere. Indeed the stock manipulation has actually intensified and the perpetrators have grown ever more brazen over the last four years. I had grown despondent because it seemed that there was no entity that could take on and stop these abusive bad actors. + +Because of my visibility on this issue, I am often approached by others who are outraged by this blatant scheme to share our insights and tactics and disappointingly to lament our inability to effectively fight back. From this, I came in contact with a company called [ShareIntel](https://www.shareintel.com/) that has come up with a different, highly innovative and very promising approach. The key skill set of ShareIntel is a thorough understanding of how Wall Street trades securities and how well known hedge funds and clearing operations of “household name” investment banks have used naked shorting to allow short sellers to easily and routinely manipulate stock prices. ShareIntel saw that the common thread of all the failed attempts to stop stock manipulation was that they could not support their claims of stock manipulation with clear, unequivocal analytical evidence. The clearing of securities is so byzantine that insiders have been able to manipulate security prices openly without fear of being caught. Later in this series of reports, we will explain what they are doing and I think you will be shocked by who is doing it. + +&#x200B; + +&#x200B; + +[from part 1](https://preview.redd.it/e0knieiszk691.png?width=604&format=png&auto=webp&s=4e91c3854c7eedd08674743518aab8a42e201401) + +&#x200B; + +**PART 2** + +**Introduction** + +The current conventional wisdom on how a short sale is transacted is that a short seller borrows stock from a specific investor who is long the stock, then at some later point buys back the stock in the open market. They then return the stock to that “same specific investor” from whom it was borrowed. Before I met ShareIntel, this is what I thought happened, but as I began to work with them and to do more research on my own, I was jolted when I realized that this is not what goes on in the real world of Wall Street and in later reports I will address how the actual process facilitates widespread naked shorting that enables stock manipulation by some hedge funds. + +&#x200B; + +[further on in part 2](https://preview.redd.it/dmivbidc0l691.png?width=588&format=png&auto=webp&s=6c55c98340c0e52f8e9b1160e1934b1963012463) + +# Conventional wisdom dictates prime brokers do not recieve any benefits from short sales. (of course we know know its false) + +# Part 3 Excerpt + +[from part 3](https://preview.redd.it/cqez8asl0l691.png?width=622&format=png&auto=webp&s=049f8d73c868b5d40ed3b227e6324a198cad3a26) + +&#x200B; + +[from part 3](https://preview.redd.it/pnwgc3is0l691.png?width=569&format=png&auto=webp&s=3414de6bb868a37291850aef9a2b7e6471d147d3) + +&#x200B; + +Important point here: + +"Bear in mind that in the case of illegal naked shorting, hedge funds have plausible deniability of wrong doing. They can simply claim that they are entering a short sale order and are not aware as to whether the order was executed with legal shorting or illegal naked shorting. It is the Prime Brokers who are culpable. While this is a pretty solid legal argument, it is hard to imagine that these hedge funds are not totally aware that Prime Brokers will create counterfeit shares through illegal naked shorting to facilitate their stock manipulation schemes. There is reason to suspect collusion." + +Where did we see that the prime brokers are the biggest prime broker but not really a prime broker? Oh u/swede_child_of_mine \- [sun never sets on citadel - part 4](https://www.reddit.com/r/Superstonk/comments/veqzr4/the_sun_never_sets_on_citadel_part_4/) + +Curious connection but nothing strong- just interesting + +# part 4 of smithonstocks: + +"I left Wall Street some time ago and after a while started my blog SmithOnStocks, with a strategy of focusing on small, under covered biopharma companies. I proceeded to make recommendations based on the belief that if a company achieved an important milestone as in a clinical trial or regulatory development that the stock price would go up, **but this seemingly irrefutable approach just wasn’t working. I saw in case after case that stocks were going down on unquestionably good news and were being obliterated on disappointing news. It just wasn’t one or two stocks.** It was the case with many small stocks that I was following both closely and from afar. An exciting new development would paradoxically lead to a stock price decline. I have come to believe that this is the result of a routine business practice on Wall Street perpetrated by hedge funds and aided and abetted by household name financial institutions who enable illegal naked shorting." + +read the bold part out loud -where did you see that - in other DD i am sure but also in [part 7 of my DD with Susanne Trimbath Book](https://www.reddit.com/r/Superstonk/comments/vf6k36/ape_historian_post_7_of_17_the_great_summary_of/) peeks -where she also notices prices going down on good news. - I am not even talking about the [cellarboxing DD](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) from u/thatbat. + +# PART 5 of smith on stocks + +&#x200B; + +https://preview.redd.it/oychb1z22l691.png?width=614&format=png&auto=webp&s=46e0969903f16036fcdfbe6f1a1c774de7b81231 + +&#x200B; + +[technically legal naked shortsale for \\"liquidity\\"](https://preview.redd.it/izafhsw62l691.png?width=598&format=png&auto=webp&s=f5cda22d1407f2be8ccb51c57a92651a02dc9089) + +"**Illegal Naked Shorting** + +The SEC publicly states that naked shorting plays an important role in the functioning of the stock market by improving liquidity. (I can make a strong counter argument that this allows a collaboration between hedge funds and market makers to swamp the market with sell orders and decimate the stock price of a targeted company.) The SEC recognizes that Fails to Deliver may be indicative of illegal naked shorting if they are prolonged beyond T+2, lasting for weeks, months or years. Such shares are counterfeit because the company never registered or sold them and if the FTD is not corrected, these counterfeit shares are traded as if they are legitimate shares. This is blatantly illegal and later I will go into how this is perpetrated by hedge funds acting in concert with Prime Brokers and the DTCC (owned by Prime Brokers). + +Illegal naked short selling allows hedge funds acting in concert to flood the market with phantom or counterfeit sales of a targeted company’s shares. They can sell an unlimited number of phantom or counterfeit shares to overwhelm natural buying interest in a stock. The object of this manipulation scheme is to drive the stock price down allowing the short seller to cover at much lower prices. The Holy Grail is to drive a company into bankruptcy and never have to cover. The hedge fund, Prime Broker/ DTCC collaboration has devised many strategies for illegal naked shorting, many of which I will discuss later." + +# Part 6 Illegal Naked Shorting: from smithonstocks + +"**Locate Requirement** + +Ordinary investors are required to locate and borrow shares from another investor who is long the stock before executing a short sale. However, under Reg SHO, broker-dealers are treated differently and are allowed to execute a short sale without having borrowed the stock. Rule 203 (a) states that if broker dealers have ***reasonable*** grounds to believe that the security can be borrowed and delivered on or before the date that delivery is due, they can naked short. **This often relies on easy to borrow lists of securities that are generated and policed by prime brokers**. Hard to borrow lists are also maintained which are intended to prevent naked shorting in stocks that appear on this list." + +Emphasis mine - if u/swede_child_of_mine dd is taken here and if Citadel is really an unregulated prime broker - is it too far fetched they can "encourage" to naked short since they can say they have reasonable grounds they can locate? - this is speculation + +&#x200B; + +[\\"in many cases it is difficult to distinguish between MARKET MAKERS and HEDGE FUNDS\\"](https://preview.redd.it/qo1tyohr2l691.png?width=578&format=png&auto=webp&s=6b2fb984cd7a40b5dac68a89b667b01cbd758273) + +# Part 7: how counterfeight shares are generated + +&#x200B; + +https://preview.redd.it/8bgh2dqz2l691.png?width=581&format=png&auto=webp&s=cfebe8f5a9e63e710ec54091282e3b91e0a2ff5e + +**Part 8 - you dont own your shares.** + +https://preview.redd.it/wiabnbr23l691.png?width=582&format=png&auto=webp&s=847c5bd344f3bef27b35068160570059e7ae47e1 + +**last sentence again - "**Effectively, you are buying a financial derivative from brokers of a financial derivative they hold from Cede that is just a digital entry in your DTC account." + +"Here is what is not so great. We have all been sold the fiction that when we buy a stock, we have become proud owners of a great American corporation. Our investment is funding that Company and America’s growth. This is not an accurate description. As I will show in this report, we are actually involved in commodity trading of street name securities in which the trading of and record keeping is completely controlled by DTCC and the elite Wall Street firms with no transparency for outsiders. Operating in this black hole of important information they use loopholes in the clearing and settlement system administered by DTCC and loopholes in the ineffective SHO regulations to create counterfeit shares at will. They can and do expand the supply of street name securities through creating counterfeit shares to overwhelm demand and drive down the stock price." + +# part 9 - combining with my part 7 dd and trimbaths TRIFECTA of FTDS, short lending, short sales as the problem + +&#x200B; + +https://preview.redd.it/82qlrepi3l691.png?width=664&format=png&auto=webp&s=4698f60b9f4a39ca650cd9df491318c5b8e453f8 + +# Part 10 + +&#x200B; + +[\\"market maker just ignores FTD without penalty\\"](https://preview.redd.it/ccnhbzgq3l691.png?width=572&format=png&auto=webp&s=7cb9e79b6442ace42a8eceb2e8123e3a8506b254) + +**The Implications of FTDs** + +Here is what happens when an FTD is rolled over, no buy-in occurs or is simply ignored. Let’s use an example when Market Maker “A” receives an order to short 10,000 shares of XYZ at say $20.00, but can not immediately locate shares to borrow: + +&#x200B; + +* A hedge fund delivers an order to short 10,000 share of XYZ to Market Maker “A” +* Market Maker “A” immediately shorts 10,000 shares without locating shares to borrow. +* Some customer(s) of Broker “X” buys the shares. +* The hedge fund receives $200,000 in cash from the customer(s) of Broker “X” at T+2. +* However, at T+2. Market Maker “A” has not located shares to borrow and deliver to the customers of Broker “X”. +* NSCC steps in to guarantee the settlement of the trade. It borrows 10,000 shares from a customer(s) of Broker “Y”. +* These 10,000 shares of XYZ are credited to the customer(s) of Broker “X”. They now show 10,000 shares of XYZ in their accounts. +* The problem is that the NSCC borrowed 10,000 shares of XYZ from customers of Broker ���Y” and they are also credited with owning 10,000 share of XYZ. +* The customers of Brokers “X” and “Y” own the same 10,000 shares. This is how counterfeit shares are created. +* Because of continuous net settlement used by member firms of the DTCC, these shares are commingled in the inventory of the Brokers “X” and “Y” and can’t be traced to individual accounts. +* Customers of Broker “X” now own 10,000 counterfeit shares of XYZ, but they can’t be distinguished from legal street name shares. +* These 10,000 counterfeit shares can be loaned out to other short sellers. +* Market makers and hedge funds working in concert can create a virtually unlimited number of counterfeit shares. + +**Illegal Naked Shorting is a Winner’s Game** + +In my judgment, which is admittedly based on anecdotal evidence, certain hedge funds have been able to use illegal naked shorting to make short selling a winner’s game. Hedge funds acting through collaborating market makers can create huge numbers of counterfeit shares that can overwhelm buying demand. Illegal naked shorting also takes away a major disadvantage of short selling and that is the borrowing costs. If you are not actually borrowing shares, there may be no borrowing cost. Actually, brokers will usually charge hedge funds a borrowing cost even if the borrowed stock is counterfeit. It is just that the cost is much lower. This allows for (illegal) shorts to be maintained for a much longer period of time." + +&#x200B; + +This concludes the fastest summary of SMithonstocks - I am going to reach out to him and see if he is able to provide more information. + +Ape historian. + +Destroyer of free disk space +TechCrunch said developer Niantic planned to launch Pokemon GO across the country on Wednesday, but then canceled it over worries the hype generated by the game would overload its servers. +Throwaway for obvious reasons. + +&#x200B; + +I know Brock Pierce. I've known him for years. His running over people is going to cost him now. I know his plan and here it is. + +&#x200B; + +\- He is posting news articles everywhere that are false in order to get the "court of public opinion" on his side. He wants to apply pressure from low end outlets (eg, [CCN.com](https://CCN.com) which recently stated that Brock owns Mt. Gox) and use that pressure as a list of sources to get published on [CNN.com](https://CNN.com) and other more reputable sources. + +&#x200B; + +\- He then wants to be able to use these numerous news sources as evidence to cite in the upcoming court. + +&#x200B; + +\- His plan is to create a "concession point" by stating that ALL proceeds from his new ownership will go to pay back prior Mt. Gox users. However, here is where the catch is: + +&#x200B; + +THE SCAM (2 parts) + +\- Those users will be paid back in the PRIOR value of BTC, not the CURRENT value of BTC. For example, around the time it was $600 BTC or so. Current is $3300 or so. If we figure 200k bitcoins then Brock will net a $540,000,000 PROFIT + +&#x200B; + +\- BCH hard fork. The 200k bitcoins hardforked into BTC is worth about $24,000,000 that Brock will keep himself. + +&#x200B; + +This means Brock will profit $560 million USD!! + +&#x200B; + +Brock has stated over and over again that he will "pay back" users, but don't be misled! + +&#x200B; + +Also let us be clear: Brock never owned Mt. Gox. There was never an asset sale or a company sale. There is no document proving this. Nothing. Brock says he has a "Letter of Intent" however even if he did have this, that has nothing to do with selling Mt. Gox. An Intent contract is not an asset sale contract. + +&#x200B; + +Also, Brock has retained the services of "Correct the net" systems. This means astroturfing of Reddit, Twitter, etc., are well underway. BE AWARE of the pro-Brock army. It is fully paid and not real and is only meant to sway public opinion. + +&#x200B; + +\*\*THE BIG PLAN:\*\* The reason why Brock is doing these public campaigns is because he wants a \*\*VOTE\*\* to be done via Mt. Gox customers. He wants to build a vote list and bring this to court. He wants to state "4529 customers of Mt. Gox are in support of me owning it" and this actually is a viable strategy. He is misleading users. He wants people to think "Oh, I must vote YES or I will get NO money and Brock promises me money". As it stands now, Brock might win, so BE ACTIVE!! + +&#x200B; + +\*\*The community needs to come together to apply pressure. Email news outlets. Talk on Twitter. Raise awareness\*\* + +&#x200B; + +If and when this comes to court, GET INVOLVED! Testify that you reject that Brock owns Mt. Gox. Even if it costs you some $$ that you would get. REJECT IT! +Hi, I'm wondering if anyone has incorporated the reserves as a barista fire option. I was on active duty for a while and spent a short amount of time in a reserve component and it seems like a great fit for fire so I'd be curious to get other people's takes. Here are my initial thoughts: + +* If I join again soon, I'll probably be an O4 (i.e. mid level officer) by my barista fire time period, so I'd maybe make around $15k - $25k / year depending on how much drill there is beyond the standard 2 days/month, 2 weeks/year (I always had to do more when I was in, which was a pain with a full time career, but 3 or 4 day weekends once a month doesn't sound as bad when you're not juggling a professional job). +* Cheap health insurance: \~$50/m for single, \~$200/m for family. +* I don't know how competitive these are but there are full-time positions in the reserves that you can take. In a FIRE emergency situation (either market crash or large unexpected expense), there's a path to a $100K+ job. I truly am not sure how difficult it is to get these full-time positions, but I imagine it's more likely than trying to go back to most professional jobs after 10 or 15 years out of the industry (I know in my field I would never get an interview with a gap that large; plus, you can take these positions for a year rather than trying to get a 100k+ job in the private sector that you want to quit after your investments recover). +* Pension: depending on far up the ranks you go and how long you stay in, it's probably $20k - $30k / yr plus cheap health insurance starting at 60. +* Some structure/progress in life: I know some folks want nothing to do with work--which I totally get--but I think it'd be nice to still have an organization that you can progress through but that doesn't take 60 hours/week of your life. +* There are probably some cool assignments that come up over time, especially as you get to a higher rank. +* Serve my country (This is a big positive for me, although I'm sure it's less meaningful to others). + +Obviously, possibility of deployment is a large con, and if someone is tired of hierarchy, then the military is the last place you'd want to be. + +I burnt out of the reserves while trying to balance a professional job but it sounds like a good barista fire job. What does everyone here think? + +Also, one more thing since this came up (and dominated) all the prior threads on this top: joining the military for this is a less attractive option. You need 1 year+ of full time training (with certain exceptions) that will be a decidedly un-fire-like experience so this is geared more towards people who are already in or were in. +The fact that the market absorbed the dump at 6k USD shows there's enough bulls out there to withstand almost anything. This news could be the start of a huge, huge bull run with potential implications of mass adoption +**Update August 4, 2020: HBP beat earnings and revenue held pretty well. It was actually the first quarter with positive earnings in a while. By any account this was better than expected and generally a very good quarter. Management seemed to sandbag a bit, because they did not talk up July sales (which are positive) and because they didn't give guidance for the rest of Q3 or the year. But fundamentally, the company is doing well. They are cash flow positive and they have worked down some inventory. Unfortunately, all stocks in this sector are down hard today. Look at TREX. They announced great results, a high guidance and are doing a stock split, and the shares are down 8%. Sorry guys..** + +---------- + + +Huttig Building Products (HBP) is the largest wholesale distributor of millwork and specialty building products in the USA. **This sector is red hot.** Sales are accelerating as people are renovating old homes and new home construction heats up. + +The company has revenue of over $800 million per year, but the stock trades at only $1.70. The whole market cap of this company is under $45 million. + +Volume has picked up in the last few days and I think something is up. People are starting to realize that this company is massive and is completely undervalued. + +Earning are on Monday, August 3, and they will likely smash expectations and guidance should be for double digit growth. + +Micheal Burry actually did a writeup on the company a few years ago and was a buyer of the stock, as well as Seth Klarman, another hedge fund genius. The stock is trading today at about those same levels as when they bought the stock. https://www.valuewalk.com/2014/02/michael-burry-stock-write-up/ + +**HBP might even be a takeover play.** The top 6 investors own over 35% of the company + +- Hauser Familiengesellschaft mbH JB Capital Partners, L.P. +- Paradigm Capital Management, Inc. +- Mill Road Capital Management LLC +- Tocqueville Asset Management LP Vrabely (Jon P) + +And most of the owners are buying more. + +You can check the ownership here: http://investor.huttig.com/stock-information/ownership-summary + +I actually think this thing gets bought out... If it hangs around this price, it's an ideal buyout candidate. + +**The Play:** I think HBP should be trading at $10. The stock price was over $8 just a couple of years ago and the sector is much stronger now with considerable growth. +This is anecdotal. I’m stupid so take it with a grain of salt. + +I work in IT in public education. Hence I���m stupid and can’t do anything else more promising in tech. + +Think about your first interactions with a computer. Word processing maybe? Kids are not using Word these days, like at all. Maybe you first word processed with Word. Maybe you grew up with Office products. This generation isn’t. + +Edit: They’re not using PowerPoint, they’re using Slides. They’re not using Excel, they’re using Sheets. They’re not using Outlook, they’re using Gmail. They’re not using Microsoft Teams, they’re using Zoom, and then in 2nd for video conferencing they’re using Google Meet. Office isn’t necessarily Microsoft’s primary business, but the battle between Microsoft and Google is a battle for mass adoption. And Google right now is planting seeds to have an iron grip on Gen Z when they enter the private sector later on. Microsoft will have to fight to hold market share and I reckon they’ll lose vs Google long term. The game is a fight for mass adoption, and there’s numerous ways to monetize mass adoption. Want a cheap Windows computer that’s sub $300? They absolutely suck, they’re terrible. Want a Chromebook that’s sub $300? They’re decent, snappy useable machines. Look to the developing world. As network infrastructure improves, cheap web based Chromebooks will continue to be a hit among low income consumers in developing nations. Who’s better positioned to scale as the world gets more and more connected? My vote is for Google. Market share of Chrome OS has skyrocketed the last couple of years: https://arstechnica.com/gadgets/2021/02/the-worlds-second-most-popular-desktop-operating-system-isnt-macos-anymore/?amp=1 + +Google is the most evil company in the world. And as the evil geniuses they are, they’re thinking decades ahead. They know that their long term future depends on kids getting hooked on their products, so that when they’re leaders of companies in the future, their company is powered by Google Workspace and not Office. Google beat Microsoft and Apple in the education market. ChromeOS now has more market share than MacOS. Kids are doing all of their productivity tasks in the Google ecosystem. Remember back in 2016/17 when you might have said to yourself, “why do all these kids want to be Youtubers when they grow up?” I know why this happened. I’ve seen the district dashboard data. YouTube is the #1 site kids use on their school issued Chromebook. + +Edit: You might say to yourself, Apple won the education market in the 80s/90s, but the enterprise market is still driven by Microsoft. Back then there were like 10 Macs in a lab for 500 kids to share. What Google has accomplished is way more impactful. Literally every kid 1 to 1 in public schools now has a Chromebook in their backpack. This is much more groundbreaking than what Apple did and will help Google retain a generation’s worth of customers as they age into adulthood. + +Office products will do well for the next 20 years in enterprise settings. And then all of the sudden Google Workspace will be king in enterprise. Why? Because they planted the seeds and won the public education market and brainwashed millions of kids. + +TLDR. Buy Google not Microsoft. +Let me guess, after quadruple witching failed, you guys all went to sleep during the weekend thinking this week our lambos and teslas will be printed by the end of this week huh? + +Let me guess, you also couldn't wait for this coming monday to huh? thought it was going to be blooody monday huh? + +Let me guess, you had one or even two circuit breakers planned for Monday huh? + +Let me guess, those so called 'diamond hands' you have are starting to deteriorate into 'paper hands' + +Let me guess, your asshole is clinching every time you look at your portfolio? + +Do me a favour... GROW A PAIR YOU FUCKING PUSSY. You think we came this far to fold? From getting fucked quadruply from witches left right and centre, getting fucked by the stimulus bill every week, getting fucked by retarded bulls week in and week out. You think we're here to fold? YOU THINK WE CAME THIS FAR TO SELL BEFORE APRIL? + +**ARE YOU DUMB OR ARE YOU DUMB?** + +do me a fucking favour, go to the closest mirror thats in your vicinity, loook in the mirror and slap yourself so hard that theres an echo in the room. Slap yourself so hard so you realize that your not drunk, its the markets. We will wait for the markets to sober up, we will wait when the president shuts down the whole country, we will wait when the unemployment numbers come out, we WILL follow suit with italy's economy and europe's economy (unfortunately), we will have more cases and panic.. this fucking list goes on. + +**BIG RALLY = BIG FALL** + +Remember, it doesn't matter how much money the feds offer coronavirus, the ronazz will keep on taking. We gave that bitch TRILLIONS and she still wants more? Us fucking bears realize that whatever amount of money we offer the ronazz it wont be enough. the ronazzz wants the WHOLE FUCKING WORLD, not a couple of trillions. SMARTEN UP BEARS. You weak bears are embarrassing us running around this forum crying that your puts are down. + +ANY SPORTS BETTORS OUT THERE? + +Sports betting (live odds) = options trading, IMO. Except live odds are priced in with time decay, and the greeks priced in with point spreads, better qb, better coach.. etc for sports. lets play football NFL for example: + +**APRIL PUTS BAG HOLDERS WE ARE IN THE FUCKING SUPERBOWL RIGHT NOW** NOT MAY HOLDERS OR JUNE BAG HOLDERS. WE ARE. APRIL FUCKING HOLDERS. + +WE ARE ONLY IN THE FIRST QUARTER. FIRST HALF. NOT EVEN IN THE SECOND HALF YET. + +The fucking superbowl **HALF TIME SHOW**(country lockdown, unemployment numbers, aggressive testing, supply chains disruptions, earning and sales) **HASN'T EVEN FUCKING STARTED YET** + +**HOLD THE FUCKING LINE.** + +**TL/DR** bears panicking right now, do me a ANOTHER favour, go to the fucking washroom, open up this link [https://www.youtube.com/watch?v=9ikSfs9LETc](https://www.youtube.com/watch?v=9ikSfs9LETc) and stare at the mirror and follow what hes doing in the song. BEAT YOUR FUCKING CHEST HARDER AS THE SONG PROGRESSES, HUM LOUDER, BELIEVE HARDER AND STOP BEING A FUCKING PUSSY AND .. + +**HOLD THE FUCKING LINE.** + + + + + + + + + + +EDIT#1: positions like a true fucking retard IM ALL IN BITCH + +[https://imgur.com/put52tZ](https://imgur.com/put52tZ) + +[https://imgur.com/FABUomU](https://imgur.com/FABUomU) + +IT DOESNT GET MORE RETARDED THAN THIS BOYS. 2k -> 37k -> 11k. IM NOT FUCKING SELLING + +**HOLD THE FUCKING LINE. SCARED MONEY DON'T MAKE NO MONEY. DIAMONDS FUCKING HANDS.** + + +EDIT#2 so much vaccine talks/cures. let me tell you something. I was alive when sars got introduced to the world. CV is even worse. they are both from the same family, the same strain. if we had a vaccine or a cure or something to suppress its rapid growth, we would have it by now and we would be working on a vaccine towards CV. reality is, they don't have one. everything is trial and error right now. clinical research trials takes years to produce and test. they are not going to come up with a vaccine before summer. stop being naive. look at the hard core facts with sars. there is no cure. + +EDIT#3 AS OF 2:22 PM (LITERALLY 3 MINS AGO) **The number of confirmed coronavirus cases in the U.S. has surpassed 50,000, or 12.3% of all known cases worldwide** +I was discussing this topic with someone new to crypto and thought I'd make it into its own post, hopefully it is useful to anyone starting out in the crypto space and provide some clarity in (relatively) plain english on how ethereum really is changing finance as we know it. + +ETH has enabled a few totally new things that really are revolutionary to the crypto space including: + +1. ‘stablecoins’, or more generally 'tokenized assets', cryptocurrencies whose value is pegged to the value of another asset, like the US dollar. (eg USDT/Tether, USDC, Dai) This allows crypto users to easily exchange their more volatile assets such as ethereum or any other ‘ERC-20’ token (basically a token created using ethereum and exists on the ethereum blockchain), into one that reliably maintains its value, while still having all the advantages of having a blockchain asset (eg secure, global, permissionless transactions). +2. Decentralized, smart contract-based trading platforms, allowing users to trade while still maintaining full self-custody of their private keys unlike on centralized cryptocurrency exchanges. In other words you always maintain control of your coins, instead of needing to send your coins to the exchange to trade them. On top of that they never have any downtime during volatile markets like centralized exchanges. They also can't stop you from trading \*cough cough\* ^(robinhood) +3. The development of decentralized, peer-to-peer lending/borrowing platforms. This allows users to earn interest on their cryptos or borrow cryptos. These loans are quite low risk due to them being overcollateralized loans, meaning that to take out a loan, you must post collateral, in the form of other crytpocurrencies that is more valuable than what you are borrowing. This means that people can invest in crypto in a low risk way, lending out stablecoins can yield >5% annual returns which, while much lower than what is possible with higher risk crypto investments, is still quite high given the risk profile, easily 10x the annual return of a savings account at a bank. + +These three things constitute a large part of what we call ‘decentralized finance’ or DeFi and right now they only really exist on the ethereum blockchain. Right now there is one major problem for both bitcoin and ethereum, scalability. Essentially, transaction fees are obsurdly high making it cost-prohibitive for most people to take advantage of these amazing new features. The good thing is, over the course of the next 1-2 years (potentially even in the coming weeks), we will be seeing the implementation of several major solutions to this for ethereum. Namely 'Layer 2' (L2) solutions (aka off-chain solutions), these allow users to make ethereum based transactions off the ethereum blockchain and onto a platform that can handle more transactions. The other solution to the scaling problem is ethereum 2.0. This is an improvement to the ethereum platform itself, making on-chain (as opposed to off-chain, L2) transactions much more effecient. With these solutions in place, we could be seeing transaction fees at <$0.01 and transaction speeds in <1 second. Unfortunately, at least in my view, we don't have the level of concrete development in this area of bitcoin, making the prospect of bitcoin scaling less likely to be coming soon. + +So as you can see, the future for ethereum is very exciting, and the things I mentioned really just scratch the surface in what is possible with ethereum. Hopefully, I have provided some of the DOGE noobs who just got burned with some knowledge on what really is so interesting about crypto - its not all just a pump and dump meme like doge, this stuff is real. +[https://www.huffpost.com/entry/jack-dorsey-stepping-down-twitter-ceo\_n\_61a4e36fe4b025be1aec6591](https://www.huffpost.com/entry/jack-dorsey-stepping-down-twitter-ceo_n_61a4e36fe4b025be1aec6591) + +Twitter investors seem to like this, but interesting that SQ is flat. You'd think this would be good for SQ since he can now focus on just that company and not divide his attention. +Will you be investing in the stock market while stocks are down? Does this "trade war" make you more hesitant to invest? + +I am interested in investing a small amount that I have sitting in my TFSA. Do you have any suggestions as to what I should do with it? I don't mind high risk for this small amount. + +Thanks +Hey all, hope you’re doing well! Today, I’m going to be delivering a short writeup on a fun little market phenomenon known as the Gamma Squeeze. I’ll be breaking it down into three sections to try making it as digestible as possible allowing everyone to easily follow along. To those looking for a more in-depth explanation with visual examples, feel free to check out the video I made on the topic **[here.](https://www.youtube.com/watch?v=sYvMZ9JHx4c)** Let's get into it! + +&nbsp; + +--- + +#Overview of the Gamma Squeeze +In short, a gamma squeeze is the phenomenon that occurs when a stock has extremely high open interest on its options chain, and the price of the underlying rises suddenly. This sudden rise in price causes the delta on the open options contracts to rapidly increase, forcing market makers to buy extra shares to keep their open positions delta neutral. If enough contracts are open, when the market makers buy extra stock to stay delta neutral, they will cause the price of the underlying to increase, thereby causing the delta on the contracts to increase AGAIN, thereby forcing themselves to buy more shares to remain delta neutral. Rinse and repeat. Let’s break it all down! + +&nbsp; + +--- + +#What Exactly Happens When You Buy a Call Option? + +Let’s say you’re extremely bullish on stock $ABC. You decide to buy an out of the money call option on $ABC instead of the underlying shares for extra leverage. You are now ***delta positive***, meaning you profit if $ABC rises in value. + +&nbsp; + +On the flipside of the trade, you’ve got the market maker who sold you the option, who is now ***delta negative***. He will now lose money if $ABC rises in value. **The market maker does not want this.** His job is to provide liquidity to the markets, and he makes his profits through the bid-ask spread. Him being delta negative or delta positive can cause him to incur serious losses, therefore he makes a large effort to remain delta neutral. The market maker can become delta neutral by buying shares of $ABC equal to the **delta** on the contract he just sold. + +&nbsp; + +If the delta on the contract is 0.15, he will hedge the call he sold by buying 15 shares of $ABC. If it’s 0.43, he will buy 43 shares, etc. This relationship is dynamic, meaning that **the market maker will buy or sell shares to match the delta on the contracts as it changes as a result of the price of the underlying changing.** If the price of $ABC rises, the delta on the call options will also increase, causing the market maker to buy more shares in order to keep his position hedged. If the price of $ABC falls, the delta will decrease, and the market maker will sell some of his shares as he no longer needs them to stay properly hedged. + +&nbsp; + +The key takeaway from this section is that a market maker will almost always be on the flipside of your trade, and that market makers will ***always*** aim to be delta neutral by hedging their positions (most often with shares) so they can always make profits, regardless of a stock's movement. The market makers job is to provide liquidity to the markets, and they make all of their money through the bid-ask spreads. + +&nbsp; + +--- + +#The Effect of Call Buying on the Markets + +Normally, this unique relationship between call-buyer and market maker rarely has an effect on the price of the underlying since people generally don’t buy large volumes of out of the money options contracts. Even if volume is high, **the delta on out of the money options contracts is low, meaning that market makers aren't forced to buy many shares to remain delta neutral.** This is further mediated by the fact that the change in delta relative to the price of the underlying, measured by gamma, will also be extremely low, meaning that even if the underlying does move up in price, delta won’t increase much, meaning that the market maker won’t have to buy many more extra shares to remain hedged. + +&nbsp; + +To illustrate my point, let’s say that my buddy Jim is extremely bullish on $ABC and wishes to capitalize on his thesis by buying out of the money options. **If Jim slams 100 OTM contracts on $ABC with a delta of 0.15, he’ll force a market maker to purchase 1500 shares of $ABC.** Initially, that may seem like a lot, but you need to consider that most tickers have *millions to billions* of shares out on the open market, so those 1500 shares are just a drop in the bucket. Even if Jim had a good read, and the OTM call options end up being ITM by expiration giving them a delta of 1.00, they will still only control 10,000 shares of the underlying, likely not moving the price much, if at all. + +&nbsp; + +The key takeaway from this section is that volume, delta, and gamma all work together to keep things from getting out of hand. If either one of these variables is low, it suppresses the other two and keeps things in check. So what gives? How is it even possible for a Gamma Squeeze to occur? + +&nbsp; + +--- + +#The Criteria Necessary for a Gamma Squeeze + +In order for a gamma squeeze to occur, you need lots of gamma, of course! But how is this accomplished? As dumb as it sounds, all you *technically* need is volume. A lot of it. A catalyst also helps too, no matter how small. Let’s revisit our example from above. + +&nbsp; + +Let’s say that alongside Jim, we had 1000 other people buying 100 of the exact same 0.15 delta OTM contract. We’ve now forced a market maker to buy 1,500,000 shares of $ABC just to remain delta neutral. This ***definitely*** moved the price of the underlying, even if it was just a little. Depending on the magnitude of the move, this could’ve even caused the delta of these contracts to go up, meaning that the market maker would need to buy even more shares on top of the 1.5 million he’s already picked up just to stay hedged. + +&nbsp; + +Let’s say that a small catalyst hits, and the underlying organically jumps in price. The delta on the $ABC options would also jump up, meaning the market maker will be forced to buy even more shares. For example, if the delta on the contracts goes up to 0.35, the market maker will have to buy an additional 2,000,000 shares just to remain hedged, bringing up his entire position to 3,500,000 shares of $ABC. + +&nbsp; + +The purchase of these 2,000,000 additional shares would undoubtedly affect the price of the underlying at this point, meaning that after the market maker buys his shares to hedge, the delta on the contracts he just hedged would’ve gone up. He then has to buy even more shares to hedge, so he does, causing the delta to go up again, causing him to have to buy more shares to hedge, etc, until we ultimately reach a point of equilibrium and end up with a highly inflated stock price. + +&nbsp; + +***The situation above can also occur even with the absence of a catalyst, given that there is enough degeneracy.*** + +&nbsp; + +Let’s recycle the same situation with Jim and his 1000 buddies. They buy 100 0.15 delta OTM contracts each and force a market maker to buy 1,500,000 contracts, causing a small bump in the underlying price. Other people then see the underlying starting to rise, and then they decide to buy some OTM options as well. We’ve now got 500 extra people slamming 100 of those options, forcing the market maker to buy an additional 750,000 shares. This causes the underlying to rise, as well as the delta on everyone's contracts to go up to 0.2, meaning the market maker buys some extra shares to remain delta neutral. The market maker is now in possession of 3,000,000 shares. + +&nbsp; + +The price is starting to inflate, so naturally people slam some more OTM options. Another 500 people join the party, forcing the market maker to buy even more shares to stay hedged, driving both price and delta even higher. **Like a dog chasing his tail, the market maker is forced to buy shares to match the delta on his contracts, only for the delta to increase as a result of him buying shares,** ultimately reaching a point of equilibrium alongside an inflated stock price. + +&nbsp; + +These situations are purely hypothetical, and are aimed to illustrate that although ***no two gamma squeezes are the same***, they all ultimately occur due to a rapid change in delta as a byproduct of high volume. Once the change in delta becomes high enough, a situation similar to the ones above is inevitable. + +&nbsp; + +The key takeaway from this convoluted section is that high volumes of call buying causes an underlyings price to increase alongside delta, and the rate at which delta increases is amplified the closer we get to being ITM on our OTM contracts. These moves start slow, but ramp extremely quickly causing explosive moves to the upside as the change in delta rapidly increases. + +&nbsp; + +--- + +#Conclusion + +Although gamma squeezes are complex beasts, I hope I managed to shed some light on some of the underlying mechanics at play to give you all a deeper understanding of what’s going on! If you wish for a more in-depth explanation with visual examples, feel free to check out the video I made on the subject **[here.](https://www.youtube.com/watch?v=sYvMZ9JHx4c)** All that being said, thank you all for reading! If you wish to read more educational write ups similar to this one, feel free to check out the rest of my posts which can be found on my profile. Cheers, and happy trading everyone! +Quite a few times people in this sub I see people suggest using cloth diapers as a way for parents to cut costs. I understand the advice comes from a very well meaning place. However it’s just not always appropriate advice. + +This is coming from my own experience using cloth diapers for my first child exclusively for the first few months, and then occasionally as they grew. I also used cloth occasionally for my second child but not exclusively. + +Cleaning/washing diapers takes a lot of time, space, and money. If you do not own a washer and dryer, and need to use a laundromat, then it is significantly cheaper to use disposable diapers. + +You need space for the soaking buckets. You need to buy napisan (sodium percarbonate, I don’t know what the equivalent product is called in US), you need to buy laundry detergent. The diapers need to be washed in hot water (60c/140f). And you need to own a washer and dryer, or to a have a yard with a clothesline. You also need time to run multiple loads of washing and time (and energy) to hang the washing on the line and bring it in. + +Cloth diapers need changing more often. Cloth diapers leak more often, soiling clothes, bedding, car seat covers etc, adding to the number washing loads. + +Childcare centres will usually only accept disposable diapers. + +I estimate the cost per day for 12 changes of cloth diapers to be 80c (56cusd). Double this if a diaper has leaked and you end up doing two loads of wash instead of one. If you do not own a washer and dryer the cost rises to $8.80 ($6.16usd). Math in comments. + +I haven’t factored in the upfront cost of purchasing the diapers, modern cloth diapers appear to sit at around $8 ($5.60 usd). You would need to buy a minimum of 12, preferably 24. I haven’t factored in purchasing the soaking buckets, or the washer and dryer. I also haven’t counted the cost of electricity to heat the water or run the washer and dryer. + +Brand name disposable diapers are approximately 30c each for newborn, 50c each for toddler. Approximately 12 changes is $3.60 to $6, ($2.52 - $4.20 usd). Although it’s probably less because disposables keep baby dryer for longer than cloth, so you may change less often. + +If you work full time, or even part time, multiple daily loads of washing is not sustainable or a sensible use of your time. If you stay at home, and have a washer and dryer, using cloth might make a bit more sense. + +Edit: wanted to add that having a partner changes how “easy” cloth diapers are. Anyone saying “WE used cloth diapers and it wasn’t that hard” consider the privilege of having that extra support as another factor in your weighing up of the pros and cons. + +If the division of household labour is equitable and using cloth diapers isn’t forcing extra labour on one of the partners then that’s perfectly fine. + +If you are not the person coping with night feeds, pumping while working full time and you aren’t the person in charge of making beds, and washing all of the family laundry….please re-evaluate WHY you think using cloth wasn’t that hard. +Working hard and saving every dollar? Did you start your own company? What's your story? + +Edit: Guys this is so awesome. Keep the posts coming, I'm enjoying every one of y'alls stories and advice! +**Critiques of Bitcoin in this subreddit are often met with a flurry of highly-upvoted "rebuttals" that are often more logically flawed or incomplete than the critiques themselves.** + +I'm a huge fan of crypto-currencies, but I am also a chronic skeptic. The fervor and emotional nature of the community when Bitcoin prices are high really hinders rational discussion and does a disservice to the currency. + +**High prices do not give Bitcoin any more or less viability.** Humility is a virtue, and in my opinion there are some tough questions that we need to ask ourselves and thoroughly address: + +* What is the benefit to the consumer to adopt Bitcoin if businesses do not offer discounts for use (which it seems many do not)? +* Will merchant or customer adoption grow fast enough to justify the price of Bitcoin? +* Is there a legitimate threat from competing currencies, or future institutionally-backed crypto-currencies? +* Is the lack of any "real value" a threat to Bitcoin. DON'T just dismiss this question that many people are asking by saying that "value is subjective, blah blah." That may be correct, but it doesn't answer the question. People will always accept gold more or less because it is engrained in our psychology. People will accept dollars because they have to pay taxes with them. Why will people always accept Bitcoin? It will only be if you know other people will accept them, but WHAT will lock this into place and what may prevent this from happening? + +**What other difficult questions do people feel have not been adequately addressed?** Let's embrace criticism, address it rationally, and be brutally honest with ourselves. + +EDIT: I'm seeing some great responses and a good discussion. THIS is what I was hoping for. Let's see if we can keep this going. **ASK SOME HARD QUESTIONS.** + +EDIT 2: I regret using the word **"debate"** in the title. **I should have said "discussion."** + +EDIT 3: Thanks a lot for the Gold, whoever that was :) + +EDIT 4: **To the people who say that most of the questions were answered in the early days and that this is a rehash of the same thing:** Many of these questions can't be "answered". You can only make predictions based on what you know. Since the early days, what we know has changed as Bitcoin has seen media attention and continued maturing as a technology. Therefore, revisiting the core questions and asking new ones is a valuable exercise in my opinion. +Lyft, Inc. (NASDAQ: LYFT) and Uber Could Face Major Hurdle if CA Bill Forcing Independent Contractors to Become Employees Becomes Law + + +[http://spotlightgrowth.com/index.php/2019/03/31/lyft-inc-nasdaq-lyft-and-uber-could-face-major-hurdle-if-california-bill-forcing-independent-contractors-to-become-employees-becomes-law/](http://spotlightgrowth.com/index.php/2019/03/31/lyft-inc-nasdaq-lyft-and-uber-could-face-major-hurdle-if-california-bill-forcing-independent-contractors-to-become-employees-becomes-law/) +Let's say in August, I exceeded my FI number. Party, right? By the middle of October, I would have been more than 100k below my FIRE number due to market movements. + +There are many milestones to FI and crossing your number the first time is a big one. But crossing that number isn't necessarily a one-way street. What sort of margin of error people are building in to their FIRE number? Hypothetical August me would have been ready to FIRE, but hypothetical October me still has at least year or two to go. I'm curious how other people are approaching this, especially as we enter what looks to be a more volatile period in the stock market. + +Edit: to clarify, portfolio dropped 10% in October, which would have been over 100k at my FIRE number. +Btc under $60k was surprising tbh, now it’s hovering at mid $40ks. Eth at under $4k was a thing of the past, yet as of now it’s under $4k. Wtf is going on. I understand this market is relatively tiny $2-3t compared to equities at $300t and every move by whales causes identifiable ripples whereas in equities markets move based on government action or global news. Rarely in equities do whale action influence the market as a whole unless those sentiments are accepted universally. In crypto, specially with the big 2, we have major supply issues. 80% of btc holders don’t sell, so 20% are moving prices. Eth is even more consolidated where only 11% is available for trading. Eth has a burn element as well that takes away supply. 90% of btc has been mined and there are only 21million of these for the whole world to share. Network adoption is supposed to be growing faster than the internet did according to Raual Pol or however you spell his name. So wtf happened. I know crypto has already had major gains this year. It’s obvious some people take profits. But so many more have come in. Btc stayed above $60k for a good while after reaching its recent ath. There was seemingly enough support to keep it there until the next pop. Eth is the darling coin of crypto land and let me repeat only 11% is available for trading. +So wtf is going on? Are leveraged accounts being squeezed. Too many immature young people borrowed money to buy crypto driving up prices artificially and current valuations were over inflated? What the problem is? + +Edit: Thank you for the various awards; I’ll need to figure out what’s what, but thank you. + +Edit (another one): there are a lot of responses about holiday and Christmas selling. However, my take is we’re not in a vacuum with same buyers and sellers. Where are the people/institutions with loads of cash waiting to come in on these dips. I’m sure many are buying, but not enough to keep prices stable. I guess January will be more telling, if the dips continue this whole thing needs to be reassessed. + +Edit (final): I appreciate all the comments and awards. This thing really blew up and it seems a lot of people had the same sentiments. I read pretty much all the comments, of course I couldn’t respond to all of them. From what i could put together, there were a lot of responses on whale manipulation and I’m not sure I agree with that, but of course I can see whales taking advantage of the situation; that’s what whales would do, but that’s what anyone would do. Macro headwinds with fed action is a big concern. Bear v. Bull, or dips in bull markets? Dips are expected, this is normal. Personally I think China and India with their anti crypto rhetoric is much bigger than people think. +First of all, My tits are jacked because this reminds me of the Tesla index squeeze back in late 2020!!! I am typing this on my phone and I will add more details when I get home!! I need everyone help to find the amount of indexes that follow the S&P 400 and how much money is tracking it. From there, we can guesstimate how much money will be spent buying our beloved GME! This post is just a background story on the Tesla squeeze and how it can happen to GME!!!! + +First off, Tesla stock been trading flat since like 2014 to late 2019 until they reported their first profitable quarter and the stock took off. Pre split price (5 for 1) was roughly 350 and it went to 700 before covid crash happened and it dropped with everyone else. Tesla was shorted about 20%, (reported) so when it started to push up with the rest of the market in April, shorts were forced to cover and it had a parabolic run through the summer and it started to drop after the stock split in August but it did over 10x from the 2019 fall lows (500 was the splited price and it dropped to 350 before the inclusion news came out). In late 2020 they announced they were joining the S&P 500 and when people heard the news, Tesla nearly doubled again in a month on the news from 350ish(splited) to 695!! The market cap was quite big too, so a lot of big money were front running it and retail were all over it too!! The idea was there was huge GUARANTEED buying pressure coming in and they will buy at any price on the day of the inclusion!! Most indexes must buy to properly track the index so you can sell it to them at any price so a lot of people made good money off the trade. (Buy my shares for 40 million each kenny) + +So Tesla doubled on the news and in the last 15 mins of the day of inclusiog, a lot of funds either brought their shares through dark pools or used the golden cross method which is essentially a buying at specific price and all the index funds were doing it. I remember how crazy it was because I was front running it too and made some money off it. In the last hour, they tanked the price nearly 10% and suddenly there was a huge green dildo because of the golden cross and dark pool print hitting the tape all at the same time and it got halted and the day ended at 695!! I think a lot of index funds did not buy in and they were hoping to get in cheaper and a lot of shorts did not cover. Then early 2021,Tesla did one last run from 700 to 900 and it was a series of gamma squeeze and shorts covering and some index funds buying! Tesla price action is iconic and will be studied in future books for sure but it all goes down to the supply and demand. Tesla ownership was quite insane because Elon Musk had 20% of the entire company. I was doing the math and the index fund literally had to buy roughly 20% of the company off retail and other people who brought the stock before the inclusion. People were worried that too many people got in and there was too much supply while others thought there was not enough shares to go around for the index funds! Sounds like GME!!! So Tesla was roughly 500 billion at the time and 20% was needed to be brought!!! 100 billion of money coming in but remember Tesla doubled before the actual thing so it was more like a 250 billion move on the inclusion. Tesla was hated cuz some many people got burned shorting it and they should of been added a while back but wall street kept pushing it off and Tesla was the biggest company to join the index of all time and they never added something as big as Tesla!! It was a total mess in hindsight. + +Lets look at GME situation now!! Gme is at 12 billion market cap, I don't know how much buying pressure is gonna come in(qaunt apes please help) but this can be it. Even if we get like 500 million In money coming in, that would put us at 200 and the margin call range is not that far from here. Plus we might see a run up pre inclusion like Tesla! The situation is kinda similar because Tesla had huge retail interest and they both had small squeezes!! So my point is this, the volume is all time low since 2017 and if the volume comes through, we may be up for a crazy gamma squeeze and a short squeeze!!! Imagine if 10 million shares is needed!!! I don't even think there is enough shares for a 5 million buy in pressure!! With the current volume, 10 million can move GME 50 bucks minimum!! Plus gamma squeeze!! Tesla only had a 20% short interest, GME has like infinite short interest!!! This can be the catalyst we been waiting for. Once I get the numbers, I will update it the post so we have a better idea of how much buying pressure is coming in. Remember, the supply is low asf as we have no volume now and this can be the spark of MOASS!! + +I rushed this post and there could be gamma errors but I will edit it later as I want this to be out for everyone to read!!! Please help me get the actually numbers +Quant apes! 💎✋🚀🚀🚀🚀🚀🚀🚀 + +Tdlr: not very long but the main point is the supply is low and the index can create buying pressure and it can push us above the margin call prices and we can MOASS! + +Edit one: I cleaned up some errors and I am getting down voted like crazy😆 wut doing Kenny? + +Edit two: I forgot to point out how big gme is in the overall S&P 400 index because Tesla was about 2% of the entire S&P 500 but again, GME has a less supply of shares available so it will be interesting to what will happen. Tits jacked!! + +Edit three: so the index of s&p 400 is about two trillion, (Dec 2020 figures) and I am trying to find how many etf tracks it and how much they are worth. BTW S&P 400 is four times bigger than R1000 so there should be a net positive buy in for sure! +they and myself are recent residents of the US. When the accident happened my father had some mild pain in his chest and shoulder since he drives close to the steering wheel the airbag hurt him slightly when it deployed, and my mother felt a little out of breath from the shock but she wasn't in any significant pain. Someone called an ambulance, when it arrived nobody asked him for insurance details or anything like that. The envelope they mailed the bill in is marked with a wrongish version of an address that my father never gave at the hospital, it's my cousin's place. From what I can gather, he and my mother were sitting on the sidewalk, and the police directed him to the ambulance to take a statement or whatever. + +They were then driven by said ambulance to a hospital after being told that they should probably be checked up. That's all. 5 miles down the road. It's been 4 months since and we hadn't received a bill before this. What should he be doing? We already went through a several month long process because the hospital was trying to stick them with a 30,000 USD bill, negotiated down to what the car insurance's accident fund, supplemented with some of his own money will cover. + +This is less than ideal and we don't *really* know what to do. +so to make a long story short my father passed away suddenly. he has a safe, a safety deposit box, a car, a house that isnt paid off yet and life insurance. mostly everythinh is in my name and i dont live at home what can i do to ensure that everything is managed correctly? +Interesting changes coming to Google. I guess they really are serious about bringing some of their far-out ideas to market. + +Worthy of a quick read: [Press Release](https://investor.google.com/releases/2015/0810.html) +Keen to hear what people have to say and maybe be able to identify a common theme. + +When I say mistake, I'd like to see some responses that aren't just "Didn't buy X at this time and now X is worth $4000000". Would like to see some responses that are a bit broader! +I submitted this to /r/dataisbeautiful [some time last week](https://np.reddit.com/r/dataisbeautiful/comments/4q9iwa/40_years_of_investing_returns_in_the_sp500_with/) and it got some traction, so I wanted to post it here but with a more in-depth writeup. + +Note that this data is from Robert Shiller's work. An up-to-date repository is kept [at this link](https://github.com/datasets/s-and-p-500/tree/master/data). Up next, I'll probably find some bond data and see if I can simulate a three-fund portfolio or something. But for now, enjoy some visuals based around the stock market: + +**Image Gallery:** + +* [Main image](https://i.redd.it/nn43lzu4d16x.png) +* [After 145 years (all data)](https://raw.githubusercontent.com/zonination/investing/master/returns.png) +* [Your chance of selling short](https://raw.githubusercontent.com/zonination/investing/master/snippets/short-probability-2.png) +* [Animated](https://github.com/zonination/investing/blob/master/README.md#other-visualizations) + +The plots above were generated based on past returns in the S&P. So at Year 1, we take every point on the S&P curve, look at every point on the S&P that's one year ahead, add in dividends and subtract inflation, and record all points as a relative gain or loss for Year 1. Then we do the same thing for Year 2. Then Year 3. And so on, ad nauseum. The program took a couple hours to finish crunching all the numbers. + +In short, for the plots above: **If you invest for X years, you have a distribution of Y possible returns**, based on previous history. + +Some of the worst market downturns are also represented here, like the [Great Depression](https://en.wikipedia.org/wiki/Great_Depression), the [1970s recession](https://en.wikipedia.org/wiki/1973%E2%80%9374_stock_market_crash), [Black Monday](https://en.wikipedia.org/wiki/Black_Monday_(1987\)), the [Dot-Com Bubble](https://en.wikipedia.org/wiki/Dot-com_bubble), the [2008 Financial Crisis](https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308). But note how they completely recover to turn a profit after some more time in the market. Here's the list of years you can invest, and still be down. Take note that **some of these years cover the same eras**: + +* **Down after 10 years** (11.8% chance historically)**:** 1908 1909 1910 1911 1912 1929 1930 1936 1937 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1998 1999 2000 2001 +* **Down after 15 years** (4.73% chance historically)**:** 1905 1906 1907 1929 1964 1965 1966 1967 1968 1969 +* **Down after 20 years** (0.0664% chance historically)**:** 1901 +* **Down after 25 years** (0% chance historically)**:** *none* + +--- + +**Disclaimer:** + +Note that this stock market simulation assumes a portfolio that is invested in 100% US Stocks. While a lot of the results show that 100% Stocks can generate an impressive return, **this is not an ideal portfolio.** + +**[A portfolio should be diversified](https://www.bogleheads.org/wiki/Three-fund_portfolio)** with a good mix of US Stocks, International Stocks, and Bonds. This diversification helps to hedge against market swings, and will help the investor to optimize returns on their investment with lower risk than this visual demonstrates. This is especially true closer to retirement age. + +In addition to this, this curve only looks at **one lump sum** of initial investing. A typical investor will not have the capital to employ a single lump sum as a basis for a long-term investment, and will instead rely on *dollar cost averaging*, where cash is deposited across multiple years (which helps to smooth out the curve as well). + +--- + +If you want the code used to generate, sort, and display this data, I have made this entire project open-source [here](https://github.com/zonination/investing/). + +Further reading: + +* [Personalfinance Wiki on Investing](https://www.reddit.com/r/personalfinance/wiki/investing) +* [I have $X. What do I do with it?](https://www.reddit.com/r/personalfinance/wiki/commontopics) +* [The Bogleheads Wiki on Three Fund Portfolios](https://www.bogleheads.org/wiki/Three-fund_portfolio) +* [cFIREsim - open-source portfolio simulator](http://www.cfiresim.com/) +Hey r/algotrading + +I'm new to the sub but know a thing or two about algo trading, but was wondering how often one should optimize their algorithm. I know it probably varies with the strategy being used, but how often do you find yourselves optimizing your own? +Hello guys, + +I decided to rebuild by backtesting infrastructure as it had many flaws + I've learnt a lot during this time and a lot things should've been done different. +My main concern is on the approach I take now. Back when I was using backtrader my main issue was I had to build basically 2 separate projects, one for backtesting with backtrader and then one for live trading (I trade crypto, backtrader has live integration for IBRK only). It basically meant setting up the strategy logic 2 separate times using different modules and conception (and very often the wouldn't perfectly match). +Could you guys advise me what can be the solution to this? +Is it using different library that supports backtesting & live testing for my needs? (Not many options here actually). +Is it building my own backtester, it would take a lot of time but probably the strategy logic would be a separate class interchanged between backtesting & live (but there is bunch of code to maintain then). +Is the issue with the way I code, maybe if my code was good enough, the logic part of strategy in backtester could be easily used in live trading? I'm not sure how doable is it tho. + + +Thanks for any feedback. +Hi guys! Most reliable APIs to get stock data were always quite expensive in my experience. + +Do you think there might be a way to run an Excel file with their new feature stock data and access it from python via OpenPyxl? + +&#x200B; + +The only issue would be to refresh the excel file, but it could save a lot of time and money. Any ideas? +I have been doing a lot of research on technical analysis, mainly following the Investopedia Technical Analysis guide. They have a lot of good introductory information about actually understanding price action, and indicators to understand whether a stock is overbought or oversold, and how to determine good entry and exit points. One of the sections that I just can't seem to get into is their stock market patterns section, outlining many different types of patterns and the potential result of said patterns. I am far more interested in technical metric analysis myself, as I can incorporate it into some of the analyses I am developing with Python. But, nonetheless I have coded a few of these "patterns" into my analyses. Most of them create false signals (in backtesting) that result in very little. So, I am curious if any of you swear by technical pattern analysis in your trading, and what patterns you find most indicative of price action? +I've been developing some algos and none of them are actually long run profitable... + + +Is it even possible to get to that point? +Or we would never be able to compete against big firms +I'm trying to look into new projects, coins, and Dapps to stake in, particularly those that directly involve ETH or is built on the Ethereum platform. While I usually try to go with what others suggest here and other subs, I'm curious with your overall rule of thumb regarding new projects. + +For instance, I'm looking into this [new startup called UNOPND](https://invezz.com/news/2021/10/05/new-hashed-powered-blockchain-company-unopnd-to-support-metaverse-and-nft-app-use-cases/) funded by Hashed. The project wants to put metaverses/NFTs in the mainstream by using community engagement and marketing to boost appeal to non-crypto audiences. The project plans on catering to other chains/metaverses/NFTs built in Ethereum first, so it's something that caught my radar. + +It's the first time I've heard of this approach (PR/marketing), so I got intrigued. But I'm not sure if I should stake in something just because it's a "new" approach. What's your personal "rule" when it comes to new Ethereum-geared projects like these that I might be missing? Thanks! + +EDIT: It's been clarified that UNOPND is a startup and not a project. Thanks for the correction +I'm trying to look into new projects, coins, and Dapps to stake in, particularly those that directly involve ETH or is built on the Ethereum platform. While I usually try to go with what others suggest here and other subs, I'm curious with your overall rule of thumb regarding new projects. + +For instance, I'm looking into this [new startup called UNOPND](https://invezz.com/news/2021/10/05/new-hashed-powered-blockchain-company-unopnd-to-support-metaverse-and-nft-app-use-cases/) funded by Hashed. The project wants to put metaverses/NFTs in the mainstream by using community engagement and marketing to boost appeal to non-crypto audiences. The project plans on catering to other chains/metaverses/NFTs built in Ethereum first, so it's something that caught my radar. + +It's the first time I've heard of this approach (PR/marketing), so I got intrigued. But I'm not sure if I should stake in something just because it's a "new" approach. What's your personal "rule" when it comes to new Ethereum-geared projects like these that I might be missing? Thanks! + +EDIT: It's been clarified that UNOPND is a startup and not a project. Thanks for the correction + We've seen how unsuccessful tokens like HODL, Moonrat, and Ghostface were due to the fact their BNB rewards are based entirely on transaction volume. What could have been revolutionary ideas in the BSC ecosystem, unfortunately, turned out to be simple pump and dumps. + +After noticing this problem, a group of Swedish developers decided to solve the fundamental reason why tokens like HODL and Moonrat failed. And they came up with one of the most innovative solutions we have ever seen in the BSC space. + +The solution was that instead of taking BNB out of the transaction volume, they would instead put that money into mining pools that generate consistent profits over time. These profits would then be paid out to holders in BNB depending on how much they hold - the more you hold, the more you earn. + +The reason this idea is so innovative is that the pool is always growing from transactions, even at a very low volume. As a result, you will never see your rewards decrease (unless APY decreases), but only grow since the pool never decreases in size. So you will see your rewards increase exponentially over time. This is the opposite of HODL and TIKI where you will see a spike of rewards at one point, then whales sell causing the price to crash and transaction volume to decrease as people lose willingness in the project. + +With MoonMiner however, you can expect more people to come as time increases since the pool is always increasing in size. Whales are less incentivized to sell since they know they will be receiving constant passive income for life and the pool will only continue to increase - which leads to further higher and higher prices. + +The development team is also doxxed, we know their country of origin (Sweden), names and the main dev has shown their face. We know they are legit because they have spent a massive amount of money promoting this project with advertising and development and a few days ago even took out 6 thousand dollars to repay holders rewards since some people were paid the wrong amount, which led to holders being paid twice in 1 day! This just goes to show the dedication the development team is willing to put into the project. + +As well as that we can verify the names are legit because we saw the main dev donate several times to a YouTube Livestream, to help promote the token and get the YouTuber to talk about it, on an old youtube account with the dev's full name on it. + +Overall MoonMiner is a slow growth token with a strong future. As time goes on and its mining pools increase in size over time, investors will see their rewards grow over time instead of decrease! + +TLDR: MoonMiner is a sustainable passive income reward program that provides holders with passive income through the use of mining pools that are grown from transaction fees. + +Pros: + +✔️ Good long-term potential. + +✔️ 100% liquidity locked. + +✔️ Passive automatic rewards every 3 days. + +✔️ Strong and dedicated development team. + +✔️ The development team doxxed. + +Tokenomics: + +3% to the mining pool. + +6% to liquidity. + +Links: +Website: [MoonMiner – Earn BNB by holding.](https://moonminer.org/) + +Telegram: [Telegram: Contact @moonminer\_official](https://t.me/moonminer_official) + +Pancakeswap: [Pancake Swap - 13.20](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb9A0CAabd2f247631Ecf03Dd5E363C430c66a65b) + Contract : 0x308fc5cdd559be5cb62b08a26a4699bbef4a888f + +We are a team from Europe that is not afraid to show its face and location to the community. If you missed out the birth of DEFI, can you allow yourself to miss the birth of the first Hedge Fund in DEFI. We will be "Warren Buffett" on blockchain in a short amount of time. + +Launched on 30 Jun 2021 as the first hedge fund on a blockchain. All the investments are voted in blockchain and executed on ERC20 and BEP20, and all the profit is distributed back to the community. + +We already signed the papers to integrate our token with a fiat bridge and will be delivered in few weeks from now. This news will be published in Cointelegraph.com . + +So make your bags before it is to late, this train will stay in station for a short period of time Today we will have a new investment in Ethereum where you can join and take a share of the profit. + +Anti whale mechanism: purchases limited to 1T $DCIP (@3 BNB) per transaction + +Contract signed with fiat bridge - Checked (partnership with IndaCoin) + +Applied for exchange - Checked ([Gate.io](https://gate.io/)) + +Reddit room: [https://www.reddit.com/r/dcip\_finance/](https://www.reddit.com/r/dcip_finance/) + +📝 GREAT MARKETING STRATEGY + +💹 MASSIVE GAINS INCOMMING + +🤖 NO BOTS + +📱Telegram Messenger: [https://t.me/DCIPfinance](https://t.me/DCIPfinance) + +🌐Website [https://dcip.finance](https://dcip.finance/) + +📲dApp: [https://app.dcip.finance](https://app.dcip.finance/) + +🔎Litepaper: [https://dcip.finance/DCIP-Litepaper.pdf](https://dcip.finance/DCIP-Litepaper.pdf) + +🛡Audit: [https://dcip.finance/Audit\_CTDSEC.pdf](https://dcip.finance/Audit_CTDSEC.pdf) + +📺Explainer (60 Seconds): [https://www.youtube.com/watch?v=Me-GymG1JWs](https://www.youtube.com/watch?v=Me-GymG1JWs) + +💱Pancake swap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x308fc5cdd559be5cb62b08a26a4699bbef4a888f](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x308fc5cdd559be5cb62b08a26a4699bbef4a888f) + +📈Bogged: [https://charts.bogged.finance/?token=0x308FC5CdD559Be5cB62B08A26a4699bBef4a888f](https://charts.bogged.finance/?token=0x308FC5CdD559Be5cB62B08A26a4699bBef4a888f) + +🔒LP Lock 10 years ($500k): [https://app.unicrypt.network/amm/pancake-v2/pair](https://app.unicrypt.network/amm/pancake-v2/pair) 0x4799b0d36b421df620daFeBdE3ba19C2C2c2fC5c + +📊Coin market cap: [https://coinmarketcap.com/currencies/decentralized-community-investment-protocol/](https://coinmarketcap.com/currencies/decentralized-community-investment-protocol/) + +🐕TOKENOMICS + +50% Burned from the start (51.71% currently burned) + +44.5% Circulating supply + +3.8% Development and Marketing + +💸Tax 10% + +3% Liquidity + +1% Marketing Wallet + +2% to hedge fund wallet 2% Burned + +2% Redistributed to holders who hold longer than 24 hours + +💸Punish fee 7% if you sell in 24h from purchase💸 + +4% to hedge fund wallet + +1% Burned + +2% redistributed to all holders +My dad was just telling me that you can choose to split your mortgage payment into two separate payments during the month, two weeks apart. This exploits a loophole that makes half the payment go straight towards the principle. + +This seems too good to be true. Does anyone have any experience with this? I’m guessing not every bank offers it, but even if some do then there has to be a catch right? That would cut the interest paid and length of payments down so far. What am I missing? + **Disclaimer:** I am not attempting to give investing advice. While I do hold my own personal positions with a few of these companies, I am a relatively new trader and my positions amount to very little. My intention with this post is to spur discussion, while providing the insights I am basing my personal decisions on. + +# LK + +This is the most obvious stock committing fraud is Luckin Coffee the “Starbucks of China”. Luckin Coffee admitted to such, details can be [found here](https://www.forbes.com/sites/jenniferwang/2020/04/30/chinas-luckin-coffee-founder-is-1-billion-poorer-after-company-announces-fraud-investigation/#2523c5aa5bfe). + +Since January 2020 the stock has dropped from a $50 high to less than $2.00 per share where it currently sits.[Link to additional DD](https://drive.google.com/file/d/1LKOYMpXVo1ssbWQx8j4G3-strg6mpQ7F/view) + +# GSX + +Muddy Waters Research highlighted many of the questionable accounting practices at LK and is now going after Chinese online educator GSX Techedu Inc. (GSX). The company is described as being, “a near total fraud”. + +Muddy Waters states that 70% of users are fake and they believe the number of fake users could be as high as 80%. Source for this information and more information regarding their official position can be [found here](https://www.muddywatersresearch.com/research/gsx/mw-is-short-gsx/). + +[Link to Forbes article](https://www.forbes.com/sites/kenrapoza/2020/05/18/after-luckin-coffee-muddy-waters-goes-after-another-chinese-firm/#6caa7dc6a9b3) providing more information regarding this situation. + +# IQ + +The “Netflix of China” has recently been found to be inflating user numbers and inflating advertising revenue while still posting hundreds of millions of losses (USD) in their 10th year of operation. + +* 60.3% of users are fraudulent, believed to be much higher with relatively low users rates in key areas of China and abnormally high users coming from remote countries (suspected bots). + +Sources: + +* Everything you need to know can be found in this [previous post on WallStreetBets](https://www.reddit.com/r/wallstreetbets/comments/gm37gk/short_the_literal_fuck_out_of_iq/). +* [Link to Wolfpack's official report](https://wolfpackresearch.com/iq-netflix-of-china-good-luckin/) +* Also Muddy Waters Research backed Wolfpack's position with [this tweet](https://twitter.com/muddywatersre/status/1247534498939465731). + +# BIDU + +BIDU is China’s version of Google. 30% of BIDU’s revenue comes from IQ and by proxy they have made this list. [Forbes source for the revenue figure](https://www.forbes.com/sites/greatspeculations/2020/01/29/what-are-baidus-key-sources-of-revenues/#10fc3de34642). + +&#x200B; + +**Other Notable Activity:** + +# NIO + +I am not aware of any fradulent activity with NIO. I just found it interesting that Goldman Sachs increased their holding of NIO Puts by 250% from quarter 4 2019 to quarter 1 2020. They now hold 2.2 million NIO puts. Sources for Goldman Sachs Group, Inc. holdings: + +[Source 1](https://fintel.io/i13f/goldman-sachs-group/2020-03-31-0) + +[Direct SEC fillings source](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000886982&type=13f&dateb=&owner=include&count=40) +It seems like Bad actors or should I say shill team 6 have colluded and are breaking reddit rules on purpose in order to get this sub taken down. + +I come here only because I like the stock and the community. Kick ass DD and funny memes. Purple Nurples are the best. I am here every single day, wether a couple hours or 5 mins, I'm still here every day. Everything and everyone here keeps me sane. Its one hell of place to get away from the daily grind of the 9-5 or for some the godforsaken 4am to whatever time. I highly doubt that anyone here that likes the stock as much as I do, waste time brigading. +Full disclosure, stolen from r/investing + +Context + +What happened last week with GME stock price and option was a combination of a gamma squeeze \[1\] and infinite short squeeze \[2\]. For the first time in financial history all GME call options are in the money (ITM) because the highest call strike price set by the CBOE for Januaray 29, 2021 is $60. Note: A primer on gamma squeeze: [https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme\_i\_think\_this\_is\_a\_gamma\_squeeze\_where\_dealers/](https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme_i_think_this_is_a_gamma_squeeze_where_dealers/) Market Maker \[1\] are in a condition never observed in financial history. Hundred of thousands of retail are buying the GME 60C across the options calendar and MM can't hedge properly because there are not enough GME shares to buy to properly financially hedge (accounting for the interest rate to borrow) + +Market Structure + +To summarize the market structure: + +Few GME shares to hedge. + +Hundreds of thousands of are buying the GME 60C because of the infinite short squeeze. + +January 29, 2021 60C call option are the highest one on the option change for that date. + +Conditions for Infinite Gamma Squeeze & Infinite Short Squeeze + +As you may now realize --(MM and brokers) hope you don't -- there is a gap in the market structure that leaves them (MM/Citadel) vulnerable to massive losses. Infinite Gamma Squeeze Should million of retails buy the Januray 29, 2021 60C weekly on Monday, this will create an infinite gamma squeeze because MM still can't properly hedge, and are forced to buy shares at whatever price to hedge. MM doing so, forces brokers to margin call the shorts caught in their infinite short squeeze. Both conditions are pro-cyclical and feed on each other in an infinite feedback loop so long as more an more retails buy the GME 60C. There is a chance that MM can dump the shares they bought to hedged the gamma steepening and call buying \[1\]. However, doing so does not make them market neutral. It effectively turns MM into a hedge fund. SEC may allow them to get away from this momentarily. However, after the MM dump shares in an attempt to stop the infinite gamma squeeze they will be net short GME shares and unhedged/not market neutral. If after the MM dump, retails continue to buy GME shares up to the $60 price, MM will be caught in a exponentially worse gamma squeeze, which should GME go pass 60C (gamma bump) on the week of January 25, it would turn into the one of biggest tail risk event for the MM/Citidal. tldr; There is a gap in the market structure so that if millions of retails buy Januray 29 GME 60C on January 25 2021, there is a high probability of both an infinite gamma and short squeeze. This has never happened in financial history. And should millions of retail buy the January 29 GME60C 2021, the losses for MM but profits for retail will be massive. Retails could see 100000% return on their weekly GME Januray 29 call options at the highest strike price. Edit1: Apparently there may be higher call prices for the January 29 2021 option chains. Fundamentally, this analysis is still correct. Should millions of retail all choose a common higher call strike price to buy (higher than 60C), the gamma squeeze will be triggered when that prices is hit. Example: Should millions of retail buy the January 29 70C or January 29 75C, and the infinite short squeeze continues. If the GME 70C or 75C is hit, GME share price enters a gamma squeeze. What the MM are hoping for are twofolds: + +They scare retails to sell below $60. This alleviates the infinite gamma squeeze. Or; + +Retails don't all buy the same call options. But given that retail loves high risk, I hypothesize they will all choose the furthest OTM call options. + +GME at 60 is the Maginot line next week. Should it go to 75, gamma and infinite short squeeze continues. Should it fall below it, MM have won a strategic victory. Edit2: For gamma squeeze, you look at the open interest (OI) and strike price. Should the share price get close to the price with a highest open interest, that's when the gamma steepening occurs as probability goes to 1. MM have to buy shares to remain neutral as the options are now ITM. + +References + +\[1\] [https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme\_i\_think\_this\_is\_a\_gamma\_squeeze\_where\_dealers/](https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme_i_think_this_is_a_gamma_squeeze_where_dealers/) \[2\] /r/stocks/comments/l21gpz/infinite\_short\_squeeze\_explained\_blue\_appron\_case/ \[3\] [https://ca.finance.yahoo.com/quote/GME/options?p=GME](https://ca.finance.yahoo.com/quote/GME/options?p=GME) + +Edit 2. I know it's probably to late since this was posted but I cannot help all the actual retards in the comments and messaging me. If you do not know what 1/29 75c means, just buy shares. If you're a faggoty european, please don't ask how to trade options in your country, just buy shares. Buying GME calls is probably not for first timers. If you want to be extra retarded, Sell ITM puts and use the cash to buy OTM calls. This is not sound financial practice nor is any of this post actual advice. + +# Edit: TLDR: Buy equal value in GME shares plus 75c for 1/29 to get tendies. 🚀 🚀 🚀 +These days i think most people like me would be pirating the majority of their content, i have never really felt guilty doing this because at the end of the day i know that the actual artists involved are getting jack all and most of the money from my purchases wont be going directly to them. + +Now things are changing, now i can support someone and appreciate their content and know that 100% of my hard earned money is going to the person that deserves that money - the creator of that content. + +I really hope more artists, comedians, musicians etc jump on board, throw up a bitcoin donation address on their website, upload files with bitcoin payments. I think they would be suprised how many people then want to give to them instead of sidestepping the music labels/agents etc and getting it for free instead. + +I could go right now and download his stand up shows off utorrent, but for first time i will not do this. Because i now know that i can support someone directly. + +At the end of the day EVERYTHING ends up on bittorrent, no matter how much people want to try to protect their content. Give people the option to pay you directly and you will see a huge change in people's thinking. + +Good luck to you Louis, thank you for what you have done and i hope more people follow suit. Bitcoin is a game changer. + +**Update** : People are completely missing the point of this post. I not once justified or said piracy was good. Yes i pirate, but i also agree it is bad. The more connected/personal feeling i get using bitcoin has caused me to stop and think more about it though. No one can deny that sending people bitcoin online definitely has a more personal feel to it then any other payment method before it, other then cash face to face. The comments on this post have just turned into bashing me and trying to ague a point that i already agree with.. It's ridiculous. + +If i didn't agree with the fact that piracy is immoral i obviously wouldn't have made this post in the first place. Calm down everyone. +I'm contemplating the following play... + +**10** call contracts of SQQQ at **1.02** with a strike of **40**, expiring **Jan 21, 2022** + +$1020 play with potential hundreds-x / thousand-x return in the case of a steep crash. + +&#x200B; + +I'm still learning, so tell me why this is a bad play, because I'm not seeing it. + +&#x200B; + +EDIT: Another option ... Same play, but only buy one contract every month. This way, I am basically paying 'portfolio insurance' at a low annual premium with a potential 5-figure return if/whenever the hypothetical crash hits. +My younger-fresh-out-of-college-cousin called me up and told me she got a new job. + +“Wonderful!” I said. “I’m a financial advisor for BlahFinanceAmericaSpectacular.” She said. “Oh” said my heart. + +My brain wasn’t tracking fast enough when she said “Can I set up a call with you to practice this week?” + +Sure! (I naively believe this is just a practice call. We’ve done similar exchanges in the past.) She honestly sounds surprised that I agreed. “Oh and my boss will probably jump on the call to see how I’m doing. And best of all it’s free to work with me!” + +Now I’m dreading the high pressure sales pitch that I’m going to be presented with. I have zero interest in working with her. How can I navigate this conversation and not make her look bad in front of her new boss but doesn’t sign me up for more of these interactions. + +A friend of mine has already advised me to say, “Since this is just for practice, I’ll be making up numbers.” + +What are they going to ask me? I’m not even sure how to have an intelligent conversation about my finances. + +Whenever I have to walk into my bank, I’m asked “What are your financial goals?” And I rudely answer “I’d just like my stolen credit cards replaced today.” I don’t want to be rude to her but I’m very triggered by this situation. +I’d also like to end this in a way that does not invite her to contact me about this again. + +Thank you for the people who commiserated with me and offered helpful advice and suggestions. To the person who deleted the comment “Are you really that socially inept...?” Yes, yes I am, that’s why I ask for help. + +Update: I texted “Hey thanks for thinking of me but I’m not interested in doing the phone call next week.” She replied “Okay!” + +2nd Update: She hated it and quit and we have since had a nice conversation, no strain in our relationship! +Assistant has to be able to: + +1. Make personal purchases and customer service calls using any and all of my personal information. +2. Pay bills using credit card that will be automatically payed down whenever. + +&#x200B; + +These two asks seem to be very difficult to find no matter what assistant service I ask. I have no interest in doing this myself and will gladly pay \`10k+ a month - or more - just to have them done. The value of my time based on current earnings it is always more profitable to focus on my business than to do these time wasting tasks. + +&#x200B; + +What have people on this sub done? Let me know. +Absent the house and the commercial building we own for the business we are debt free. The idea of investing into a second home is enticing, but I hate the thought of feeling like the house has to be used and there's the opportunity cost of going somewhere else. + +So, those of you with vacation home(s) where and why? Do you suggest it? I generally just rent a VRBO, but a place near Napa or Santa Barbara could be enticing. +During a bullrun like this I think it’s important to take a step back and think about where we have come in the last few months. If you told me a year ago a 10% price drop would result in a price of 52 thousand dollars I would have said you were crazy. What a rollercoaster this year has been. +A friend who is middle aged has reached financial independence. He wants to do something interesting for a year and then look into part-time employment options when he returns. + +Has anyone put all their things in storage and traveled the world and stayed in apartments through Airbnb type apartments during their year of travel? + +He said, "why sit around the house in your home town if you have reached FI?" +Walt Disney Co. announced plans last week to move approximately 2,000 jobs from California to Florida and will reap a nearly $580 million tax break in the process. + + +Disney, as first reported by the Los Angeles Times, applied for a tax credit in December 2019 to receive an estimated $578 million in credits from the state of Florida. The application was approved in March 2020. + + + +The company’s plan is to build a campus near the 17-square-mile community of Lake Nona in Orlando, Fla., to house positions currently maintained in Burbank and Glendale, near the studio’s main Southern California campus. These positions will primarily come from Disney Parks, Experiences and Products, including jobs in digital technology, finance, communications, product development and human resources. + + + +The positions represent less than 5% of Disney’s total staff in California, and the move will take place over the next 18 months. Relocating employees will be offered moving assistance, but the average wage of workers in the facility will be $120,000 a year, according to Disney’s credit application. +&nbsp; +&nbsp; + +**Pre-registered users can now register with the [testnet dapp](https://ethtrader.github.io)** + +* So far 634 users, representing 21% of ethtrader karma, have pre-registered for the EthTrader DAO. Amazing! **[Pre-registration](https://www.reddit.com/r/ethtrader/comments/7dcw7m/ethtrader_dao_preregistration_update_2/) will remain open until deployment on the main Ethereum network (mainnet).** +* Related contracts ([dao](https://rinkeby.etherscan.io/address/0x9867a7400f35fdd4d4a6577f0f89a364c8bb3acf), [registry](https://rinkeby.etherscan.io/address/0xdc8b0f935cf4a7ff0f83707edb4d171de351d418), [token](https://rinkeby.etherscan.io/address/0xa6743dd09351a4ec1206fdfad3c1890b5fbf6a21)) have been deployed to the Rinkeby testnet. +* Users who have pre-registered can now register on the **testnet** dao using the [registration dapp](https://ethtrader.github.io/#/register). Use the [rinkeby faucet](https://faucet.rinkeby.io/) or request below to obtain the rinkeby eth you'll need to submit the registration transaction. (I deployed the contracts roughly a week ago and took a snapshot at that time, so if you've pre-registered but don't see your username it just means you won't currently be able to register with this testnet version.) **I've just [distributed](https://ethtrader.github.io/#/utils) a small amount of rinkeby eth to all eligible accounts.** +* If you register (**please do**, it will really help me out to get some feedback!), be sure to also install the [browser plugin](https://github.com/EthTrader/plugin) which gives a unique style to other registered usernames within r/ethtrader. Yes, the intention is for the plugin to get more exciting than this, but it's a start! +* Once the registration portion of the [dapp](https://ethtrader.github.io) is confirmed working I'll proceed with development of a section to create and view proposals. +* If you're eligible and want to do this testnet registration but can't figure something out (how do I use metamask with a mew-generated address?) don't hesitate to ask below. + +Currently I have four employer DC pensions from various jobs I've had over the years. + +*Pension 1: £32,000 (Annual Management Charge - 0.85%)* + +*Pension 2: £45,000 (Annual Management Charge - 0.16%)* + +*Pension 3: £21,000 (Annual Management Charge - 0.47%)* + +*Pension 4: £13,000\* (Annual Management Charge - 0.24%)* + +\*This last one is with my currently employer and I am actively contributing to it. + +I also have a DB pension from an old job, which will provide a lump sum of £10,000 or so at retirement, plus £2,000 annually (this will increase with inflation until I retire). + +The 4 DC pensions are all mostly in Global Equities. + +My current employer will 2x match my contributions, up to a maximum of 7% (i.e. I pay 7%, they pay 14% = 21% total). My contribution is done by salary sacrifice. Currently, I pay 4% and they pay 8% for a total of 12%. I'm planning on increasing this to the maximum, but can't make any amendments until June (I've been in this job around 18 months, I know I should have gone for the maximum straight away, but I needed the take home pay to pay some urgent debts that have now been cleared). + +My question is, should I just leave these 4 pots separate? Or is it worth combining them? Pens 1 & 2 are both with Scottish Widows, Pen 3 is with Legal & General, and Pen 4 is with my current employer's own scheme (I work in the finance industry). + +**Question:** Other than maxing out my current contributions to take advantage of the 'free money' from my employer, is there anything else I should change? + +**Background**: Age 39 - Married - No kids (and no plans for any) - £110k salary. Note, I've had severe financial trouble in the past, so I'm probably a bit behind where I should be, but I'm trying to put things right :-) +Hey guys, + +unfortunately I missed the promising tech stocks like $net $ttd $okta $crwd in their early days and now the valuations seem a bit high for me regarding the risk/return profile. + +So I would like to ask if you are watching any promising tech stock right now? Maybe one that is still a bit under the radar like the ones I mentioned where few years ago? + +What tech/IT related sources you use to get information about these kind of stocks first? + +Thank you in advance. +For those who have FIRE’D - is there anything you wish you did prior to pulling the rip cord? Things you wish you planned better for? Anything you wish you knew that would have made you make different decision? + +I’ve heard qualify for a mortgage as a big one on the financial front but wanted to see if there is anything else that makes sense to plan for when a year or so out from the big day. +Hello all, + +I'm just curious if there's others out there that have fatFIREd with most/all of their NW in RE. I have $7m-$10m in real estate equity. A lot of it depends on if I can truly get appraised value, selling costs, etc. I'm 36 with a wife and two 8-10 year old children. My longest term window would be to FIRE in 10 years when my children are out of the home as I really am not sure what I'd do differently until then. I enjoy working for the most part. In 10 years I would say I'd be easily at double that number. My FIRE goal would be to do significant travel. + +What have some of you done that have come from a RE background? + +1. 1031 into NNN property? +2. 1031 into syndications? +3. Keep existing portfolio and just outsource to a 3rd party mgr to try to be as hands off as possible? +4. Sell, eat taxes, and put into the market? +I have a net worth of $7.9M mostly from stock gains. Never hired a financial advisor for help. Have $5M umbrella insurance just in case. + +* US stocks diversified: $2.4M (ETFs and single stock investments) +* Pre-tax 401K: $3.1M (Mostly US stocks with half in US growth and half in S&P 500 like fund. Also $200K in fixed income and $200K in an international fund.) +* Mutual Funds (US Equities): $100K +* Cash: $975K +* Primary Home: $950K +* Real Estate Investment: $300K +* Cars: $50K +* Gold: $10K + +Goal is to get more into real estate. I'm fine with being aggressive in the allocation as I feel I can weather any major dip. + +Would you change anything from this current asset allocation? Anything else I should do knowing I have this kind of money? + +Also, any tips on lowering tax liability? + +&#x200B; + +Edit: Age: 56 +Hi all, + +I've been reading a book called "Making Money" by Paul Clitheroe and in the book, Paul was suggesting that we should aim to pay off the mortgage as quickly as possible to save money long term. So any spare cash should go towards the mortgage. But if so then where do you find the money to invest, say in a low-cost etf? Is it feasible to do both at the same time or is it better to just focus on the mortgage first? + +Reason i'm asking is because I'm looking to buy a property soon and I'm already invested in some etfs (VAS, VDHG and NDQ). I both want to pay off the mortgage quickly and want to capitalise on the compound interest. + +If any of you has successfully done both I would love to hear how you did it. TIA. + +Edit 1: thanks everyone. Seems like most people recommend investing due to the abnormally low interest rate. My fear of rising interest rate is somewhat alleviated with people saying that interest rate will take a long time to match the return on investment from stocks. I will keep this in mind. +**Foreword**: + +This post is an expansion of my theory on what the financial media is doing, as recommended by another user [here](https://old.reddit.com/r/Superstonk/comments/o2bi28/to_me_this_was_the_best_part_of_the_whole_melissa/h26vzct/). + +&#x200B; + +[TL;DR for what comes below](https://preview.redd.it/6djz40h191671.png?width=850&format=png&auto=webp&s=b33e6c27459e3be8b91fad98c3ca344471985dae) + +&#x200B; + +**Overview**: + +Citadel created a gigantic, steaming pile of dung in the middle of the lobby. Now everyone is dealing with it. The question is, how to most of the various parties get what we/they want with minimum collateral? + +&#x200B; + +**The Problem:** + +The market was going to crash. COVID and QE gave a nice, bundled calamity reasonable enough to blame for the crash. What everyone didn't count on was Citadel et al committing massive fraud; then getting caught with their pants around their ankle and exposing everyone to the blowback from it. Now we have hundreds of millions-to-billions of counterfeit shares that need to be rectified; pissed off retail investors watching the financial sector and combing through everything; and foreign entities concerned with the stability of the US markets and USD. + +&#x200B; + +**Key Players:** + +You need to understand who is involved and what their goals are in order to understand the decisions they will make and where the road will travel. + +1. **Citadel and other Short Hedge Funds (SHFs)** \- The guys that caused all this. They want to survive, but that's unlikely. +2. **Retail Investors** \- financially wronged by SHFs. Want Citadel to crumble; nice payout; see GME succeed. *Edit: Some also want complete financial reform; or destruction of all financial institutions; or all financial criminals to go to jail; but that's counter to the desires and goals of the other parties and is a post-MOASS continued discourse.* +3. **Financial Media** \- was funded by Citadel et al. Wants to survive; keep control of market. +4. **Financial Cartel** \- vexed by SHF actions with GME and T-Bills. Want to survive oncoming liquidity crisis; keep relevance in market. +5. **US Government** \- trying to maintain financial stability. Need to balance domestic programs with foreign influence. Trying to counter Chinese Belt and Road. +6. **Foreign Entities** \- concerned with US financial stability/corruption. Risk of moving from US investments to Chinese investments. +7. **Bystander Investors** \- generally unaware of events. Need confidence in financial stability. + +&#x200B; + +**Common Themes:** + +1. Survival +2. Market Stability +3. Foreign financial investments + +&#x200B; + +**Potential Outcomes:** + +There are a couple potential outcomes. + +&#x200B; + +The DTCC or US Government could step in and halt or otherwise price-fix trading on GME. This would obliterate foreign confidence in the system and undermine the US' financial leverage on influencing foreign policy. In other words: *Bad for the US Government and bad for the financial cartel.* + +&#x200B; + +The financial cartel could let Citadel's implosion and the GME fallout run unabated. This is almost certain to expose the corruption of all of the financial cartel, *which would have the same effect as the previous measure.* + +&#x200B; + +However, I believe that the financial cartel and US Government have already embarked on an effort to control the narrative to minimize the fallout of the Citadel implosion without undermining the confidence of the financial market and US foreign influence (whether intentional or otherwise). It works like this: + +&#x200B; + +1. Hint at market fuckery. ✅ +2. Control the narrative. ✅ +3. Pepper "Citadel" and "retail"/"reddit" into the narrative. ✅ +4. Lead narrative to "lone wolf" aggressor theory (Citadel). +5. Avoid mentioning GME; redirect to less explosive stocks. ✅ +6. Keep focus on Citadel during implosion; not on financial cartel. +7. Once implosion starts, then associate GME. +8. Associate market crash with Citadel "lone wolf" cancerous behavior. +9. After Citadel is insolvent, carve up and feast by financial cartel. +10. Close out the shorts to make the muckrakers go away. +11. Tout about how retail investors defeated the "lone wolf". +12. Show all of the previously passed self-imposed policies. +13. US Government takes cut (25%-39.6%) of Sched D profit to infrastructure programs. +14. US/financial cartel avoids loss of faith in economy by world. +15. Retail investors spending accelerates economic rebound. + +&#x200B; + +**1. Hint at Market Fuckery:** ✅ + +We see this now. CNBC, NYSE, SEC identifying PFOF and dark pools as problem areas. This braces the various parties to expect it to grow to be a larger story. You don't just go "here's a ton of evidence of market fraud!" you need to drip-feed it to people to prevent rejection of the system. + +**2. Control the Narrative:** ✅ + +The financial media absolutely wants the story to release as little as possible to keep viewers hooked. The financial cartel and US government want the blows to be soft enough to not shake confidence too much; as well as to mask all areas impacted by the necrosis. + +**3. Pepper Associative Words into Narrative:** ✅ + +Start adding Citadel and Retail Investors/Reddit into the mix. We're seeing this as well. You want people to get familiar with the names and associate them with the upcoming events. Building that groundwork to make easier connections with less digging and potential to expose the truth. + +**4. Lead narrative to "lone wolf" portrayal:** + +This is where I think they are going. Citadel absolutely will be the sacrificial lamb. It's the easiest play to satisfy most retail investors, regulators, and the public at large. Plus it serves to mask the necrosis and instill confidence in the US financial sector and US stock market. + +**5. Avoid mentioning GME:** ✅ + +You will see this through the previous points; and indeed we are. GME is the problem that Citadel created; it will be its own liquidity hole. No need for more financial bystanders to decide that they want to also make a quick buck off of the situation. Mention other stocks instead; preferably ones that will still provide some payout but will not break the bank. The insurance policy is going to be unpleasant as it is. + +**6. During implosion, keep focus on Citadel:** + +This is the narrative: Citadel is imploding. Any market waves is "because of Citadel". This is the easy part; everyone's going to be watching with popcorn and bananas. + +**7. Once the implosion starts, then GME is okay to discuss:** + +The problem is the shorts. Once Citadel implodes, the shorting stops and the stock impossible to buy. At that point, it's okay to talk about GME because the FOMO crowd is too late. This will be the groundwork for number 11. + +**8. Associate market crash with Citadel:** + +The market is going to crash. There's no doubt about it. It will likely cause Citadel to finally take its last breath and then trigger the GME MOASS. But people don't really pay attention; it will be easy to blame the crash on Citadel and their "lone wolf" behavior. + +**9. Carve up Citadel:** + +This is the part that the financial cartel is salivating over. Also raises the capital to resolve the counterfeit shares. The other financial behemoths will carve up pieces of Citadel's empire for themselves and auction it off. One of the new rules (can't remember if DTCC or NSCC) allows inviting of certain parties, which means Blackrock also has a seat at the table to feast. + +**10. Close out the shorts:** + +A convenient fall-guy (Citadel) has fallen. Now the financial cartel will pay off the folks that keep muckracking out of spite - in other words, they buy back the shares. Anything else, to include trying to price-fix will result in loss of confidence in the US market by the entire world. But hey, that money will come back to them in bailouts, so they are just miffed more than anything. They will probably sandbag this a little to try and get retail to deflate their sell prices a bit to try and deflate the infinity squeeze. This point is an assumption that, even with people holding out of spite, that enough will sell to balance out the books. + +**11. Tout about David and Goliath:** + +Expect a million stories on how GME redditors defeated the lone wolf Citadel and saved the US economy. Hooray! Yeah, we know this is mostly bullshit; but when the alternative is China ruling everything then everyone else is likely to go along with it. + +**12. "Don't regulate me, bro":** + +Remember all those rules the DTCC et al were churning out to prevent another GME-type retail win? Yeah, they're going to tote those rules at this point to avoid regulation and add credence to the lone wolf story. They'll probably be successful too. + +**13. Uncle Sam's Cut:** + +Apes will pay their cut. For all the US apes, it's likely to be somewhere between 25% and 39.6% to the US government (not even considering state taxes). This means that a lot of the financial sector's funds are now freed up to be used for the POTUS' infrastructure programs. + +**14. Financial Cartel Rebounds:** + +Redditors are going to be salty about this, but the truth is that the US will not let these "too big to fail" financial companies fail. In fact, they're going to consolidate power and continue on to the next market crash down the road. Everyone will forget their role in all this, save the half-a-million redditors. Better than the US economy collapsing for most Americans and China ruling the world. + +**15. Retail investors spending accelerates economic rebound:** + +Overall, ape spending will help stimulate the economy and rebound us out of the oncoming recession. However, it will also temporarily disrupt some luxury markets (especially Lamborghini). + +&#x200B; + +***Edit: What about the apes aiming for financial reform/actual accountability:*** + +*Unfortunately, I think that this will be a longer struggle for the folks seeking reform. I imagine that there will be some that won't sell out of principle; those that found financial reform orgs; and apes that continue to strive for better markets. At the end of the day the US government is going to do what it takes to maintain the appearance of financial stability. In this regard, expect a lot of pushback post-MOASS and a rebalance of the Superstonk makeup (those in it for the money/liberation of Gamestop will see somewhat of an exodus; the "financial reform" group will likely flock to this cause).* + +&#x200B; + +*Personally, I like the stock and I like Gamestop. Once this rocket takes off, I'm going to be the King Retard of Mars and enjoy my retirement while supporting my local Gamestop.* + +&#x200B; + +**Conclusion:** + +While the key parties have plenty of room to be absolute dumb asses and hang themselves with the situation at hand, I believe that they will pursue the path I've outlined as it's the least destructive to the financial market and US influence on world economics. With a little finesse, the financial cartel and US Government could turn the situation into an economic win in some capacity. +So I currently split time between two IT tier 1 support roles. One job is two days a week at a food manufacturer and I hate that place, but the place I'm at three days a week is a local MSP (managed service provider) about 5 minutes from my house that I love working at. I started at the MSP about a little over a year ago as an intern making $10 an hour. Around February I was offered a non related IT job for $14.00hr. Only working about 20hrs a week at the MSP I used that offer to ask for full time work at the MSP. The MSP didn't give me full time but they did match the pay and got me another part time job at the food manufacturer for the same pay. So currently I work about 42hrs a week between the two places making 14hr at both. + +I've been dying to work at a single place for a couple months now, I'm tired of having to split my time between two places. I really love the work I get to do at the MSP and I enjoy the people I work with so I would love to get full time employment there. I just feel like I haven't been offered such things because I haven't really asked them for it since February. So Monday I got said I've had enough of working at two places and started submitting my resume to a few jobs in my area. Less then 8 hours later I got a call from another job I submitted my resume to telling me they would like to schedule an interview next week. This job is pretty much covers the same duties that I do now but is offering between $20-22/hr compared to the $14hr i make now. If they offer me the job should I use that as leverage to try to get my MSP job to match their offer? Or is it a bad idea to try to use another job offer to leverage better pay twice in the same year? I'm prepared to take the new job if needed, but I would really love to get hired full time at the MSP as I enjoy how much I get to do there, the people I work with and how much I learn on a regular basis. Any advice is greatly appreciated, thanks! + +Edit: I should have mentioned that my in the past my supervisor did mention to me that if I ever received other job offers to inform them so they can evaluate the offer and see what they can do for me regarding possibly matching such an offer. Not sure if this is common practice or not but I figured I should include that detail. Also the new job would be about a 35min-45min drive one way compared to my current job which is about 4 minutes from my house. + +TLDR; Possibly getting offered an IT job with better pay. I really like my current job but could really use the increased pay. Should I use this as leverage to get full time work and better pay at my current job? +During the last trading halt the order book showed limit sell orders at $420, $6969, and the computershare limit sell limit of $214k. + +The price jumped that high in a second. Which shows the price can go much much higher than that. Much higher than any broker is going to let you set a limit order for right now. + +So wait until MOASS has started and you are ready to sell and then set your limit orders at the prices you actually want to sell at if you ever are going to. + +Limit orders mean that the sale will not go for less than $214k(or whatever you set the price at). But if the price is at $10 mil a share the order will instantly fill like a market order for $10 mil even if your limit sell amount is less than that. + +So absolutely use limit orders as market orders can be unsafe. But set the limit orders when you are ready to sell. Not right now. + +And remember to BE GREEDY. Do you think for a second that if the roles were reversed Kenny boy would let us off the hook for $214k a share? Absolutely not. He would hold until the price was in the millions, if not the tens of millions. + +This will never happen again. EVER. So make sure you take full advantage of this and wait to sell until each share is a phone number with country code. + +Don't let the single shareholders end up still being wage slaves after this. + +The only way we can mess this up is by selling too soon or for too little. + + +The above may seem like financial advice. It is not. I'm an idiot and this is just what typed out when my dog was chewing on my phone. +Morning UKPF. I'm a regular lurker and occasional poster/commenter here. Using a throwaway account as friends know my main account and there are some things they don't need to know. + +I posted a Sankey chart to /r/dataisbeautiful yesterday ([see here if interested](https://www.reddit.com/r/dataisbeautiful/comments/9zoc25/monthly_outgoings_of_a_british_millennial_couple/)) and thought it might be useful to some 20-somethings curious about how much things cost day-to-day. Certainly I would've liked to have seen this when I was younger. I find a Sankey chart to be one of the better flow charts for regular cash flow and it's probably useful to refer to [the one I created](https://i.redd.it/ibzemojrx2021.png) as I'll refer to it in this post. + +We live in the East Midlands of England. 3 bed semi-detatched house which according to land registry is just about the [average price for a semi](http://landregistry.data.gov.uk/app/ukhpi/browse?from=2017-10-01&location=http%3A%2F%2Flandregistry.data.gov.uk%2Fid%2Fregion%2Feast-midlands&to=2018-10-01#property_type) in our area. Was originally bought for £165K in 2016 with a 20% deposit on a 25yr repayment at 1.99% interest (tracker) for 2 years (on £132K @ around £560pcm). He overpaid about £5.5K for 2 years because she put a bigger chunk towards the deposit with help from her parents. After those two years we remortgaged but requested a 28yr term to reduce the monthly payment for now (again at 1.99%). + +He is a 30yr old working for an IT company in an assistant manager role in the private sector. £32K salary, 4.5% employer pension contribution (no employee contribution required). + +She works in an enforcement role in the public sector. £27.3K salary, 6.5% employee pension contribution and pays a "Plan 1" student loan repayment. + +This puts us a little below and a bit above the [UK median £28.6K salary](https://www.theguardian.com/money/2018/may/12/salary-what-get-paid-talk-about-it-makes-brits-cringe) although I believe that figure is skewed by London. + +**His Monthly Outgoings** + +£200 into a SIPP +\~£180 into commuting (80 mile round trip by car, with some days working from home) +£10 towards road tax (could be paid annually for cheaper) +£12 SIMO Phone contract +\~£65 lunch (subsidised meal plan at work, plus some days working from home) +£305 0% credit card repayment (took a 30mth 0% card out for car and another large purchase, this figure pays that off before interest is introduced) +\~£575 to be saved/spent (usually would spend £200-300pcm but this can vary on time of year etc) +£750 to Joint Account + +**Her Monthly Outgoings** + +£30 into commuting (10 mile round trip by car, with some days working from home) +£15 SIMO Phone contract +£300 spending (including lunches. This usually is spent) +£535 to be saved +£750 to Joint Account + +**Joint Account Monthly Outgoings** + +£461 mortgage +£101 council tax +£26 water supply/waste water +£52 gas/electricity +£37 fibre broadband (although just switched to £27 with a Black Friday deal) +£340 0% credit card repayment (see below) +£250 groceries (yay Aldi) +£10 lottery +£12 TV licence +£9 dog insurance +£8 Netflix +£194 leftover (for eating out/holidays/saving/whatever) + +Her lunches etc are part of her monthly spending money/the joint groceries. Any spending/saving in either his, hers or the joint account can vary wildly month to month. Holidays and large joint purchases made which joint savings can't cover are paid by both contributing from personal savings. + +The Joint Account credit card repayment is for multiple 30 month 0% interest cards taken to help with stoozing done over the last couple of years. Groceries and other purchases were made on these cards allowing money to remain in the joint account. These allowed various regular savers and high interest current accounts be opened and maximised leading to \~£1600 of interest & switching incentives be brought in between him and her. The payments going out shown in the diagram are the monthly repayments needed to pay these off in full before the 0% period ends. + +We have a joint savings pot, and our own savings separately. I see many posts (mainly on the US oriented /r/personalfinance to be fair) mentioning putting $X00 away each month for each partner to have "mad money" or "fun money" or whatever; money they can spend guilt free. I gather this is done because all income goes to a joint account and they don't have personal accounts. I don't subscribe to this. We're both sensible and open with money. We both contribute to essentials and transfer money to the joint account to pay off bigger purchases when necessary (holidays, furniture, etc). But as long as these are paid off, the rest of the money each bring in can be spent on whatever they'd like guilt free. This may change with children, of course, but it works well for us. + +If anyone has any questions I'd be more than happy to answer them. Similarly, if anyone has any suggestions for our finances I'd be very interested in hearing them. +It’s crazy how poor the experience is using Hargreaves Landsdown as a platform. + +The web portal is straight out of 1995. It’s near enough impossible to drill into your portfolio history easily, and aside from its difficulties it only gives you 12 months worth of data? + +There’s no wonder people are slowly moving to these newer platforms (yes they may have their downsides too but at least they are trying to improve the experience). + +Sorry for the rant, just gets annoying when people put so much trust into these companies for them to deliver such poor experiences. +Right tax experts here, I need your help… I’m PAYE and I’ve just received a rather large bonus (about £20k) by accident (I share a very similar name to the bloke who should have gotten it). Now being a honest chap I flagged this up straight away as there was no way in hell that they’d just let me keep it. So they said “thanks and can we have the £20k back please?” + +Now here is my problem, after all my deductions for income tax, NI, pension, etc, I only actually received just over £13k in my bank (that includes my normal wage on top of the bonus). So if I was to pay them back, I’d have to dip into my savings which is far from ideal. + +So my question is if I do pay them back, what happens to that massive tax bill I got shafted with? Will I receive that back in the next pay slip or do I have to go begging the HMRC for it back? + +Edit: thank you to everyone who has told me what I need to do 👍 First thing tomorrow morning I’m gonna get it sorted by giving them back the net difference and telling them to re do my payslip to what it should have been! +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/EKU2tVBp9u). +Alright gents. I have a substantial holding in DW8 since 3.5c and have alot of confidence in the company. Probably the only one in my portfolio I consider a legitimate investment. Their past announcements have been terrific, but it looks like they're gonna turn red for the first time since I bought in, maybe even today if shit goes south. The B-S ratio is fucked and doesn't look to be recovering anytime soon. + +Is anyone selling out and buying in again in the next few months? Or are you riding this out? + +Edit - Buyer ratio is clawing back 👌 topped up at 0.46 +Hi All, + +I want to present my reflection on the most recent cop26, and how that may impact investment strategy. + +Australia has been getting a lot of negative exposure, rightfully, for the lack of policy against climate change. Despite this, a lot of other nations recognizes the severity of the situation and big players like US and China are in agreement to tackle climate change, with US promoting EV and China building 150 nuclear reactors over the next 15 years. + +Naturally, the nuclear, renewables and EV stock should pop off, right? right...? Well I'm not so sure because Scotty from marketing doesn't seem to be interested in keeping Earth inhabitable for people in the year 2050. Now the federal election is going to happen before May 2022, this poses a few problems: + +1) How much of foreign gaslighting of our climate change policy make Australian people reconsider LNP as a political party. It's obvious that Scomo doesn't care about what other nation thinks of him, but maybe he still care about what Australians thinks now that election is closing in. + +2) Will other party (e.g. Green) promotes this against LNP and how much people actually care about climate change? (I know people who are in firm believer that climate change isn't real) + +Scomo will most certainly push for renewables and EV, and not put policy to limit coal power. This has already been pushed by NSW government. Coal power will stay because: + +1) the energy price is expensive as-is + +2) the only feasible alternative to coal power is nuclear reactors. However the negative publicity upon nuclear disasters, despite the rapid development of safer nuclear reactors, means that most people probably don't want to vote a political party that build a nuclear reactor next to their town. + +As a result the federal government will push for solar farms in regional areas. + +Regardless, the rest of the world will rapidly invest in renewable technology, whilst adopting EV on a much greater scale. As a result: + +1) Investment into renewable technology will increase. Whether it's private investors or government funding I'm not sure. I'm not sure if Scomo will push money into investing new renewable technology or adopting existing technology. + +2) Demand for uranium, lithium technology, lithium commodity will rise. However, in comparison to uranium which has a relatively limited supply, lithium commodity price will not go up as much due to its abundance in earth and improvement in lithium battery technology. + +As a result, stock for uranium exploration (e.g. BOE), lithium mining company (e.g. AZL, which is actually one of the better ones because it's mining in US, where their political party have half a brain cell and is relatively predictable) and lithium technology company(e.g. LPD) will go up. There will probably be a peek where the demand for uranium is high but the production cannot keep up with it, probably in 2025 or something when China finishes building some of its nuclear power plants. + +&#x200B; + +Would love for you cunts to point out how I'm completely wrong. + +&#x200B; + +Just on a side note, ECT has gone from 0.023 to 0.049 in the span of days and I don't even know if any of their technology is feasible or has been adopted. It has price-to-book ratio of 500, which is like Tesla-level. I'm thinking about putting more money into it. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +I have been lurking this subreddit for some time, but have not (and still don't) feel like I am knowledgeable enough or experienced enough to really contribute yet. I do, however, hold this subreddit in higher respect than similar ones such as /r/personalfinance and have been given great advice on the few topics that I've posted here. And now, I could really use some advice from the good people here. + +Anyways, I am about to sign the HPSP scholarship for medical school, which comes with a $20,000 signing bonus. I would like to put at least $10,000 of this into investments (I am leaning towards index funds since I am brand new to investing but am open to be persuaded otherwise). I am also interested in opening some sort of account to begin saving towards retirement. For this, I am leaning towards either a traditional IRA or a Roth IRA but am not sure what would be best in my situation. + +For background, I am 22 years old with a current savings of about 5k. I also inherited a small sum from my grandfather which has been in a managed fund since receiving it and is at 22k currently. My expenses are low, but I am going to medical school soon so I won't be able to have a job and will be living off of the $2200 monthly stipend from the scholarship. Any advice is greatly appreciated. +> Hey there /r/PennyStocks! I'm a YouTuber with ~45k subscribers and I run a research-based stock DD channel. **In observance of Rule #2 on this subreddit's sidebar, and out of respect to the moderators and community here, I am not going to include a link to my channel.** I'm covering MMEDF/MNMD this week on my channel, and I have included a synopsis of the video here, including my SWOT Analysis. Let's have a good discussion! + +**$MNMD (*Uplisting to Nasdaq on April 27th, currently $MMEDF on OTCMKTS*)** + +**PPS** $4.69 + +**Mkt. Cap.** $1.53B + +**Shs. Out.** 326.13M + +**Shs. Flt.** 286.28M + +(*Source: Yahoo Finance, 2021/04/27 @0230EST*) + + +>At long last, Mind Medicine Inc. (MindMed) is getting uplisted from the OTCMKTS to the Nasdaq under the new ticker $MNMD. MindMed is a pre-revenue, clinical-stage pharma company that is undoubtedly the best pure-play in terms of psychedelics. Boasting international research collaboration and an extensive pipeline, this company is nothing if not novel and exciting. Its leading products include 18-MC, a safe Ibogaine derivative that can be used to treat addiction, and non-hallucinatory LSD Microdosing for the treatment of adult ADHD and anxiety. With a TAM far north of a conservative $30B, this company has a bright future. What’s going on with all the dilution? Why did the CEO and co-founder recently dump 56% (*Source: Simply Wall St., 2021/04/26*) of his shares? Is this actually a good investment? + + +***SWOT Analysis:*** + + +**Strengths** + + +* First-mover pure play in the psychedelic pharmaceutical space. + +* Social media and retail driven with retail investors holding over 93% of the shares outstanding. + +* The war on drugs has officially ended and sentiment is more positive. + +* Extensive pipeline with LSD Microdosing, 18-MC Ibogaine derivative, and many others. + +* Minimal side effects of psychedelics; non-addictive. + + +**Weaknesses** + + +* Clinical stage company dependent on investors. + +* No revenue, no income for 5+ years to come. + +* Share dilution pending (CA$500M Shelf). + +* Entire pipeline is based on Schedule-1 illicit substances. + +* If first drug fails to gain FDA NDA in the future, casts doubt on the rest. + + +**Opportunities** + + +* Insane TAM at probably well over $30B. It’s tough to gauge the true TAM with mental health issues being under-reported. + +* First-mover reputation and recognition. + +* Novel treatment paradigms with psychedelics. + +* International collaboration across US, Canada, and EU creates a wider net for possible approvals (even if conservative US FDA does not approve treatments). + + +**Threats** + + +* CEO and co-founder recently dumped 56% (*Source: Simply Wall St., 2021/04/26*) of his shares. Negative public perception from this. + +* Always the possibility of funding issues if there are delays. + +* Legal hurdles not being able to be overcome. + +* Time is money. The timeline for this company is very, very long. + + +>The full, 31-minute DD can be found here on my YouTube channel. Again, with respect to Rule #2 of this subreddit, however, I'm not going to share the link here. Thanks for your attention, happy investing! +Most traders lose money trying to outsmart the market, if you just invested a big amount or if you are implementing DCA, remember why you bought ETH in the first place and you'll be fine just holding, this is normal. Investors like me have endured going from 1.3 to .7, from 20 to 7 and I'm not afraid of going from 53 to 30 (if so), because, as you can see, the trend is upward... for a reason. + + +Maybe next time will go from 100 to 60 and then from 200 to 150, who knows, the thing is that the fundamentals of this investment couldn't be stronger. There's no one at ethereum's level, having by far the biggest network of blockchain developers was not an easy goal to achieve and is yet to pay off when the whole project is complete and users start coming in mass even if they don't realize it. Plus the fact governance is excellent, ETH is the entrance for its plataform's ICOs, slowing inflation, ETH demand to stake under PoS, no more controversial hard forks, better decentralization than bitcoin, being the backbone for the coming trillion sensor IoT, among other things just make it better. + + +So if you are selling I'm very happy to buy from you, and after trading bitcoin since 2013 until I sold it all in 2015 I've learned not to be greedy and just trust a good decision from seed to flower. Ethereum is realizing Satoshi's blockchain tech dreams and according to google trends it's nowhere near bitcoin and just starting... +My buddy is a videographer and in West Africa. We’ve been following crypto for a number of years and have always been drawn to its promise to provide a means for the ‘unbanked’ to participate in global financial markets and bypass traditional centralized banking (along with other blockchain solutions, like land registry). + +Ultimately he wants to explore what stage we actually are with that (including some of the obstacles etc.)--**What would you be interested in seeing?** + +He will be traveling in urban, as well as, very remote areas. Right now we are thinking of donating some amount of crypto (1 ETH, .1BTC, or something like that) to some tech savvy locals and exploring one or more of the following: + +-The feasibility of using crypto in West Africa (whether finding businesses that accept or ways/costs to convert to fiat) + +-Starting a Prism with ShapeShift + +-Exploring the technological/infrastructure limitations and what it would take to help alleviate them + +Thank you very much for reading, all comments/suggestions are welcome and sincerely appreciated. + + + + + + + +Background: We run a non-profit media company and are currently filming for a local organization that is trying to raise money to help bring sanitary water to the region. Simultaneously, in a separate project, we wish to explore crypto in the developing world. + +This could totally be the wrong subreddit. I'm just looking for some answers. Recently, my employer has required for all salary employees at our business to work 44 hours a week, 88 hours a pay period in order to receive our full paycheck. I spoke quickly with a lawyer and apparently that is completely within his rights to do that. Now, he recently added an new clause to it, requiring to work a specific schedule that he wrote out. Meaning that each week my 44 hours has turned into 50 hours plus. From my understanding as long as I show up each day and get my hours, he isn't allowed to request specifically how to do that. Just a little confused and honestly haven't been able to find any answers yet. + + +EDIT: I spoke with a lawyer. Apparently my employer is well within his rights to request a certain schedule or a certain amount of hours. However, as /u/swalsh411 pointed out, he is not allowed to dock my pay whether or not I hit my hours. I appreciate everyone's advice and thoughts. To those of you in similar situations, let's just go ahead and overthrow the workforce and rebel. Sound good? Awesome. Everyone meet at the clubhouse. Bring brownies. And beer. +Many people try to minimize their premium outlays thus LEAPS tend to fall off their radar quickly. This is a mistake. + +In many instances, LEAPS offer advantages that can make them worth their additional cost. They experience lower gamma variance, lower theta decay, and can be cheaper on a relative basis than a nearer term alternative. + +Don’t immediately dismiss them. I use them often for Diagonals, hedging, or stock replacement. +I fucked up. More than once. Many times, in fact. I started out with $12k in March, and now I have $1.5k. How did I get to this point? Well, I got sucked into the mindset that everything is absolutely fucked and got fingerblasted by one put option after another. As the stock market rallied in April, I remained skeptical and deluded myself into thinking that the rug pull was going to happen at any moment. Then, most recently, I let the desperation get to my head. When my trades were profitable, I waited to cash out, thinking I could recoup more of my losses if I held. Those profits quickly turned into losses. In other cases, I would make a play, watch it go south, and exit for a loss when I could have made some hefty gains had I just held. It was one misstep after the next. Then I heard about these oil tankers. I got sucked into the hype, thinking this could be the play that would get me out of this gigantic hole I dug for myself. I got calls on NAT, DHT, EURN, and STNG. For a short time, I was up by 20 to 50%. Again, I held too long, and they all drilled. I could have exited at a substantial but manageable loss, but I believed that as earnings approached, they'd swing upwards again. Needless to say, I was wrong. Oil climbed back up, tankers plummeted even further, and earnings did jackshit for their stock prices. Oh yeah, can't forget about unusual option activity - got fucked by that as well. And here I am. + +I'd like to say I learned my lessons, that I'm better at managing my risk and my emotions, but is it enough to make the climb back up from $1.5k? I'm not so sure. I could use your advice on how to proceed. If you've been in this situation before and managed to recoup your losses, I'll take whatever pointers you can give. + +Edit: My dudes, I cannot thank you enough. This thread is a wealth of information, and I will be using this to set a strict trading strategy. I hope one day before this year is up, I will be able to come back with an update with good news. +I've found that most life changes start with finding a little habit that is easy to integrate and easy to stick with. This little change is the fingerhold that balloons into great lifestyle changes. + +So, with finances, what was your first little victory? Bringing your own lunch? Putting as little as $50 away every paycheck? Sneaking flasks into bars whenever you go out? (that's mine). I think a thread of easy-to-implement lifestyle changes would be beneficial to people getting started on their financial journey! +My wife and I have been saving really hard since we started working and have always wanted to buy our first home, especially since having a baby. We recently bought a home at a very HCOL area and paid a lot over asking price. The location is good, close to work with good school, but I realized we've overpaid too much and I don't really like the house upon moving in. I have since felt pretty depressed and lost interest in other things. + +Financially we're okay, we only used 1/3 of our NW as downpay and we can afford the mortgage, but I still feel helpless because we can't really sell the house now that the market is not as hot; I am probably going to be stuck here for a few years after the price goes up to resell the house. The feeling is simply paralyzing. + +How can I get over this? Thank you. + +**Update:** + +Wow, I really didn't think this would have so many replies! Thank you all so much for your kind advice and support, I feel much better now. I'll try to focus on the positive and get out of this rut. + +The main issue I had with the house is road noise. The street is supposed to be a small road inside of the community but since our house is close to the entrance there's still quite some traffic. We have large window facing the street that brought in a lot of light but it also doesn't block the road noise well, although being double-paned and new. I'll check how to better soundproof the windows/house to make things feel better. I used to rent a small townhouse not on the street so there's no road noise at all. +I understand the general idea behind resistance and support. But what is actually considered breaking it? + +I’ve seen cases where say the resistance is at $100 and then we go up to 100.03, then it reverses and comes right back down and sells off. + +I’ve also seen where it drops below the support and then bounce right back up. + +So at what point is it truly breaking that resistance and support? Does that need to be at 100.5 or 100.3 or 100.01 assuming resistance is 100? + +Same thing with support. If support is 100, is 99.99 breaking it? Or 99.98 or .99.50? + [https://www.investors.com/news/caterpillar-earnings-sales-miss-dow-jones-stock/?src=A00220&yptr=yahoo](https://www.investors.com/news/caterpillar-earnings-sales-miss-dow-jones-stock/?src=A00220&yptr=yahoo) +I know this story has been posted already, but it's things like this that have historically indicated a market top. + +https://www.cnbc.com/amp/2020/06/09/robinhood-traders-cash-in-on-the-market-comeback-that-billionaire-investors-missed.html?__twitter_impression=true + +The story leads with this... + +"One 26-year-old Robinhood trader made $1,500 in less than 24 hours betting on a beaten-down airline stock,..." + +This is a perfect example that there are no more buyers, as the street would say. When people are excited about overpaying for something and amateur traders are talking about how easy it is to make money and how stupid the smart money is, you've reached the end of the line. + +I haven't been on reddit long, but the amount of activity related to people never having invested asking advice as to how to invest, where to invest, and having long term time horizons measured in months is surely a good indication the small fries are indeed about to get fried. +Article: + +https://retail-insider.com/retail-insider/2021/04/disney-to-close-all-stores-in-canada-amid-retail-strategy-shift-sources/ + +Note this isn't confirmed yet, but retail insider is reputable and almost always correct. + +If true, this is a stupid move for Disney imo. There's no way in Canada to realistically order from their online store -- it requires payment in USD and there's a massive customs markup fee. + +Their mall locations in and around Toronto have always been extremely popular and busy, often with lineups. + +Not sure what management is thinking here. Closing some would make sense, but all doesn't. +[Norway Is Being So Smart About Investing Its Oil Windfall That Its People Will Be Set For Generations](http://www.businessinsider.com/what-norway-can-teach-other-oil-rich-countries-2014-11) + +If only other nations thought the same way. Rather than racing to get all the oil as fast as possible and shoot the economy directly to the moon (only to fall back down when oil prices fall or the spigots run dry), Norway has created a sovereign wealth fund to manage the oil revenue and invest the surplus income for future generations. + +They realize that the oil belongs to Norway's people, but not only the present people, the future citizens as well. They preserve the wealth for the future... I wish more governments could understand this concept. +Thought I'd continue the weekly auction thread. I've seen a house getting passed in last week because the highest bid was >100k less than another house down the street that sold a week earlier. + +Could be a sign of a market cooling off or just an outlier. + + +In a Bsc jungle filled with danger around every contract, the BabyFEG founders wanted to make sure all holders were safu and could ape with confidence. This is why within 72 hours of launch BabyFEG founders had a tech audit completed to ensure a truly safe place for the FegArmy and all other investors to grow their investment portfolio. + +With a strong community of BabyFEG holders growing by the minute, it’s only a matter of time until this the original FegArmy takes notice and this market cap will be 10 million overnight. + +This is the best rewards token on the bsc right now, and it’s only going to get better. + +Here’s all the BabyFEG info to help get yiu started to earning passive income by holding BabyFEG + +Contract : 0x5e8f1ac3930461a467c3a4fa349d7cfa6f211c8f + +BabyFeg Info: + +* FEG Rewards paid out automatically +* 15% Tax +* 7% Reward +* 5% Marketing +* 3% Liquidity +* Total Supply 100,000,000,000 +* Telegram: https://t.me/baby_feg +* Website : https://babyfeg.io +* Twitter : https://twitter.com/baby_feg +No one is falling for this or any one of your other ridiculous games. We know the float is likely in the billions and you better believe that we are going to test that theory. There is absolutely nothing you can do other than covering to save your sorry asses. HEDGES R FUK. +I’m a small business owner and let me tell you something that truly matters. SALES. GameStop hit a 30% revenue growth over last Oct and that remarkable and here is why. The massive majority of that increase in sales was the brand new products they are selling online. This is critical because it’s demonstrating a brand new revenue driver for the company and it’s paying off big time + +The company bought over 300M dollars in inventory to help off set future supply chain issues because of MASSIVE DEMAND!! THIS IS GREAT NEWS! When a company is looking to scale especially in e-commerce having readily available inventory is key for customer satisfaction. Imagine you buying something then getting an email telling you the product is delayed and they’ll send you an email whenever it ships? What do you usually do?? I cancel the order and look elsewhere. + +I am more bullish then ever on the company because they haven’t even touched the future with NFT, web3 etc and are already scaling their sales. The inventory purchase is what led to the -1.29 EPS. (IT TAKES MONEY TO BUY WHISKEY!) + +GameStop future is so bright. 0 debt, massive scaling sales and the right team. BUCKLE UP! + +(P.S. - Hedgies are so fucked. Over 10M DRS.) lol +**Edit:** I have spoken to the director of ADRA today. $110 is enough to get 3 homeless people national identity cards (needed for everything), and health insurance for a year. This will then allow them to access other forms of government assistance worth $840+ yearly. This will give provide over $2500 in assistance to homeless people who want to turn their lives around. + +Another $80-90 will go to buying personal hygiene things for homeless people at the homeless shelter. Finally, the smaller moon donation amounts (3-20 moons), I will use to buy Pizza and drinks for homeless people on the streets on a as-need basis. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Yesterday, u/anotherjohnishere tipped me 2000 moons. Here is the story, and what I'll do with it: + +It started off as a bit of a joke. I saw a post stating that John loves tipping moons, so I [asked for 1000.](https://imgur.com/a/tp2J4jx) Little did I know where it would take me. A few minutes later, I saw [this reply.](https://imgur.com/a/lkYdwgB) He actually gave a stranger on the internet 1000 moons! I was shocked. I didn't know much about moons, so I did some research. + +Little did I know, 1000 moons is roughly \~$100. Now, I know this may not be a lot of money in the US, or in Western Europe, but where I am? That's a week's pay. So I sent him a message, thanking him and letting him know that, while it may not seem like a lot, it's kind of huge for me. + +After I told him, what did this mad lad do? He sent me [another 1000](https://imgur.com/a/mxqemc6)! Another 1000.... I didn't know what to do, or what to make of it. All night, I wrestled with what I should do. Then I decided. I'm going to pay it forward. + +I'm personally not in desperate need on money, but a lot of people around here are. The government had funded a grand total of \~$195 of 'benefits' to citizens since corona started- total- and many people are struggling. So I decided that I'll make [small care packages](https://imgur.com/a/FI400Tw) of food for people in need. These care packages cost around $20-30 each, and will be able to feed 2 people for up to a week. To those interested in the specifics of what's inside, [here you go](https://imgur.com/a/Y72KYF1). + +Tomorrow I will be going to the local homeless shelter, which is currently at 30% above it's maximum capacity, and will be purchasing them whatever they are in urgent need of. I am also in talks with a local university, to be able to use their leftover lunches, and with that, open a kind of soup kitchen for those in need. + +I know moons are controversial. But this is just a real life example of how MOONs, and cryptocurrencies in general, can change the world. + +tl;dr got tipped 2000 MOONs, which will help anywhere between 4 (directly) --> up to 139 people (indirectly at the homeless shelter). All thanks to u/anotherjohnishere +I enjoy all the spreadsheets and random financial statistics tracked and shared here. This sub seems to be about the only place on the planet where enthusiasm for tracking such things as 4%, fatfire, leanfire, coastfire, and networth numbers is normal. + +For some time I have been tracking a statistic which I thought was useless and uninteresting. I never knew what to call the number nor did I have any useful rationale for tracking the number. However to my amusement, I was surprised to hear none other than investing great Charlie Munger refer to the same statistic in his recent CalTech Interview. + +Does r/financialindependence/ already have a name for this number? If not, I propose to honor one of investing greats and dub it ***The Munger Threshold…*** + +**Munger Threshold** + +noun: + +the amount of working time between your first working day earning income and the date on which your networth exceeds your cumulative earned income. + +example: + +Mr. Munger's. **Munger Threshold** was 13 years. You can hear him tell the story at the link below. Mr. Munger had an "army of children to feed" and this responsibility caused him to work in the family law practice. After 13 years working and squirreling away savings he discovered his investment portfolio exceeded the total of his earned law income. Therefore, Charley Munger's **Munger Threshold** was 13 years. + +calculation: + +munger threshold = munger date - first working day + +related: + +munger ratio = Networth/Cumulative Lifetime Earned Income + +munger date = the date on which Munger Ratio = 1 + +&#x200B; + +links: + +[Charlie Munger: CalTech interview 14. December 2020](https://youtu.be/btdqC1V8cgg?t=191). + +Illustration: [https://imgur.com/nrpeRoi](https://imgur.com/nrpeRoi) +Lots of posts here and other financial subreddits about getting out of the daily grind, gaining control, hating work, etc. as reasons to pursue FI, and NONE of those reasons are bad. But, I wanted to give a different reason (or maybe it fits into one of the above "categories")...TIME. Not only from the perspective of achieving FI to have control over your time, but also thinking about how to enjoy the pathway to FI more as that TIME is also just as important. The constants are that time marches forward, it is finite, and we never know how much we have. + +My grandfather died when I was very young (I am now 30). He was diagnosed with Parkinson's disease and due to instability on his feet fell down a flight of stairs causing his death. I have brief moments of things I remember, such as how red his face got when he laughed and the sound of his laugh, but otherwise everything is just stories and pictures. + +Today I learned that my father has now been diagnosed with Parkinson's disease. It's super early stage, but one of the frustrating things about Parkinson's is that you never know how quickly it will progress. There are medications that can help control symptoms, but they don't change how the disease progresses. So, essentially we have no idea what the next 10 years and beyond will look like. For me, I am blessed to be in a great place financially and with an excellent job that provides both a quality income plus flexibility. Therefore, I plan to visit my parents as often as possible. My family and I see them multiple times every year anyway, but this diagnosis put things into perspective and we will try even harder. The same for my wife's family. I read something earlier this week here on Reddit about how often you will see your aging parents. Assuming their 70 and live until 90, it may only be 40 times as many only see their parents twice per year (or even less). For me, I want to see my parents and my in-laws as many times as possible. Is it worth it to pick up those extra shifts to increase my income? Is it worth it for you? For many it very well could be worth it. But, as you do just make sure you consider what you are sacrificing. + +Now to the FI part. The reality of my grandfather and now my father having Parkinson's doesn't bode well for my genetics. Plus, I have suffered multiple concussions from athletics, so my risk for degenerative brain diseases is increased anyway (not necessarily Parkinson's, but Alzheimer's and similar). As I mentioned above, I am 30. My goal is to be FI by 40, but I have no plans to stop working at 40. I enjoy my job, and it allows me to serve others. But, this change with my father's diagnosis again gives new vigor to my goal. I have become somewhat lazy about my savings, and 2018 hasn't been a great year for savings due to installing a fence at our home, having to replace our roof due to hail, refinancing our home, etc. Life happens, but as 2019 is ending and 2020 is starting I am making a new push to increase that savings rate to hit my goal! Why? For all the same reasons as everyone else, but also because if I am diagnosed with Parkinson's at age 50 or 60 or whatever I don't want to be stuck having to work and instead want to have the flexibility of traveling to see my children as frequently as possible. + +I hope this gives inspiration to someone somewhere, but serves as my reignition. + +&#x200B; + +Edit: fixed dates...oops, it's been a crazy year and even more crazy day + +Edit 2: thank you so much for those with well wishes and with positive insights. They are greatly appreciated. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I’ve been saving for FIRE, and that means sitting on a fairly large (and growing larger) nest egg. My parents were fairly wealthy, and I always grew up with the understanding that you didn’t talk about your finances beyond a very small, very trusted circle. Recently my wife (who comes from a different background) shared our net worth # with her sister. It wasn’t a big deal (it’s family after all), but I was a little taken aback. We talked about it, and I had trouble articulating why one should keep it private. + +I feel like I sometimes read horror stories on this subreddit about what happens when you talk too much, but I can’t really bring any to mind. Can someone explain where you draw the line when it comes to sharing info about the state of your finances and why? +**Highlight:** + + +This analysis looks to apply the Trinity Study, Vanguard Data, and statistics as reported by the US Labor Bureau to come up with a data driven definition of LeanFIRE, FIRE, and FatFIRE. Feel free to add your input and thoughts below to make this conversation even better! + +*This is just a fun table top exercise to explore the different definitions of FIRE. Never take financial advice on the internet from strangers and do not use this post as an investment guide.* + + +**Relevant Data and Sources in defining LeanFIRE, FIRE, and FatFIRE** + + +1) [1998 Trinity Study Conclusion:](http://afcpe.org/assets/pdf/vol1014.pdf) + + +>"If history is any guide for the future, then withdrawal rates of 3% and 4% are extremely unlikely to exhaust any portfolio of stocks and bonds during any of the payout periods shown in Table 1. In those cases, portfolio success seems close to being assured." + + +2) [2012 Vanguard Update to the Trinity Study](https://www.vanguard.com/pdf/s325.pdf) + + +**Withdrawal rates for hypothetical portfolios based on various allocations** + + +*Portfolio withdrawal rates assuming 85% success rate* + +**Portfolio**|**10 yrs**|**15 yrs**|**20 yrs**|**25 yrs**|**30 yrs**|**35 yrs**|**40 yrs** +:--|:--|:--|:--|:--|:--|:--|:-- +Conservative|9.3%|6.3%|4.8%|4.0%|3.5%|3.1%|2.9%| +Moderate|9.6%|6.6%|5.2%|4.4%|3.9%|3.5%|3.3% +Aggressive|9.6%| 6.7%|5.3%|4.5%|4.0%|3.7%|3.4%| + +[**Notes:** For an investor with a 30-year time horizon and assuming an 85% success rate (that is, an 85% probability that a portfolio will not be depleted before the end of the time horizon), an aggressive portfolio allocated 80% stocks/20% bonds would likely have supported a 4% initial spending rate, but a conservative portfolio of 20% stocks/80% bonds would likely have supported a rate of 3.5%. Moderate = 50% stocks/50% bonds.] + + +3) [U.S. Bureau of Labor Statistics](https://www.bls.gov/news.release/cesan.nr0.htm) reported in 2017 that the average American household had **$57,311** in total yearly expenditures. + + +4) [2012 Vanguard Update to the Trinity Study](https://www.vanguard.com/pdf/s325.pdf) + +>For a 65-year-old married couple today, for example, there is an 80% chance that at least one spouse will live to age 85, a 55% chance that one will live to age 90, and a 25% chance that one will reach age 95. + + +5) LeanFIRE is typically [defined](https://www.reddit.com/r/leanfire/) as... + +>...retire before 60 with less than $40k in planned yearly expenses... + + +6) FIRE is typically [defined](https://www.reddit.com/r/financialindependence/wiki/faq) as... + +>...having enough income (from investments, passive businesses, real estate, etc) to pay for your **reasonable living expenses** for the rest of your life. You have the freedom to do what you want with your time (within reason). Working (full or part time), hobbies which generate income, or other activities are optional at this point. + + +**Conclusion from Data** + +For the average American, meeting annual expenses at or below $57,311 with passive/semi-passive income for the rest of their lives would be defined as FIRE. This denotes "reasonable living expenses" as not exceeding the total yearly expenses of an average American household. Trinity and Vanguard have confirmed withdrawal rates between 3%-4% are extremely unlikely (15% chance or less) to exhaust any portfolio of stocks and bonds. Choosing a conservative 3% withdrawal rate, retiring with **$1,910,366.67** in investments would allow one to comfortably meet an average yearly expenditure total every year without exhausting investments. A 4% withdrawal rate allows one to retire with $1,432,775.00, but this position becomes riskier the earlier one retires as evident by the Vanguard analysis. Compare this result to [FIRECalc](https://www.firecalc.com) calculations, which gives an investment amount of approx $1,812,000 as the minimum investment need to guarantee a $57,311 yearly withdrawal over 50 years of retirement for a 100% success rate throughout history. + + +**This would be a data driven definition of FIRE - leveraging between $1,432,775 to $1,910,66.67 in investments in order to passively earn the equivalent of what one average American household spends every year.** + + +For Americans seeking to fulfill a LeanFIRE retirement, meeting annual expenses at or below $40,000 with passive/semi-passive income for the rest of their lives would require a maximum investment amount of **$1,333,333.33** in order to withdraw no more than $40,000 every year without exhausting investments (assuming a yearly withdrawal rate of 3%). Many in the LeanFIRE community strive to keep annual expenses to $25,000 or even $15,000, requiring an investment amount of **$833,333.33** and **$500,000.00**, respectively, in order to meet annual expenses without exhausting investments withdrawn at a 3% rate. + + +**This would be a data driven definition of LeanFIRE - leveraging between $500,000.00 to $1,333,333.33 in investments in order to passively earn the equivalent of 30% - 70% of what an average American household spends every year.** + + +For Americans seeking to fulfill a FatFIRE retirement, the sky is truly the limit. There really isn't a data driven definition that can be met as the FatFIRE community encourages members to reach a maximum earning potential and increase spending to whatever level their investments and net worth can support. **A minimum data driven definition could be postulated - passively earning at least twice the equivalent of what an average American household spends each year.** This requires an investment of at least **$3,820,733.33** in order to meet 2x the average American household annual expenses without exhausting investments withdrawn at a 3% rate. However, many in the FatFIRE community have annual expense rates exceeding $114,633/yr and would thus need successively higher investment amounts to meet this goal assuming they are playing by the Trinity rules. + + +**Summary:** + + +Data indicates LeanFIRE retirement requires anywhere from **$500,000.00 to $1,333,333.33** to achieve a high likelihood of successful retirement; FIRE retirement requires on average anywhere between **$1,432,775 to $1,910,66.67** to achieve a high likelihood of successful retirement; and FatFIRE requires **$3,820,733.33** or more depending on one's personal spending and wealth accumulation goals. + + +This data driven analysis is not perfect - assumptions are made to keep the math simple and the basic concepts at the forefront. + + +It is also important to note this data analysis plays by the rules of the Trinity study and law of averages. Living in a HCOL or LCOL area will affect expenses as will other factors. There are also many convincing arguments one can get away with a higher yearly withdraw rate or lower total investment amount for each category. Those with high net worth will also have access to unique investment strategies that may allow for higher withdrawal rates. + + +Let me know your thoughts below and how to make this analysis even better! +A study by the U.S. Securities and Exchange Commission of forex traders found 70% of traders lose money every quarter on average, and traders typically lose 100% of their money within 12 months. These numbers are no joke and are 100% real, IF you want to daytrade, do it with small amounts and money you can afford to lose. + +I am pro long term holding with money I can lose because mostly I will don´t lose that money if I hold it long enough (solid projects, ETH, BTC). I posted this because a friend of mine told me he lost +$1000 in 2 days. Be warned and just invest & hodl. (Don´t do futures aswell) +Only a couple of days ago you single digit IQ fucks were talking all kinds of hot shit in the daily thread. Saying how bulls are fucked and that SPY is going to keep drilling down even though SPY historically grinds higher during periods of higher rates. + +You half wits honestly believed that growth stocks, some of which crashed 50-70% have more to fall down by and that the "bubble hasn't popped." Like seriously, are 99% of you new bloods literally that fucking retarded? You're seriously telling me that a company that is still growing by double digits and getting fundamentally stronger is going to keep drilling after it corrects by 70%? Where the fuck do you think it was going to fall down to? -70%? + +Anyways, since you are all clearly a bunch of mentally handicapped dotes, I'm willing to bet 90% of you bought short term puts right when VIX skyrocketed over 30 and QQQ was trading at 3x average daily volume. In other words, right in the middle of peak fear and IV is the juiciest, courtesy of vega gang. + +If I don't see some hefty loss porn on the hot page in the next couple of days, the next time you homos open your mouths, it better be to put a dick inside. + +*spits on your face. + +Edit: wow, this post is triggering you like a college SJW being told that there are only two genders. + +Edit 2: since some of you bears are so triggered by this and are going through my reddit history trying to find dirt let me say just because you cut your dick off and inject yourself with estrogen doesnt make you a woman and just because a person has light skin color doesnt make them an oppressor. + +Edit 3: positions - 70k SPY 340C Jan 2023 + - 70k QQQ 350C Jan 2023. +Granny fucks. I want you all to know that. Granny fucks good. +I saw this Market Cycle chart that looks at the market swings through a series of emotions. We've clearly gone through all of these in the last 15 years in real estate. Where do you think we are on the chart in today's market? + +Here is link directly to the chart: http://www.mathisen.ca/pics/graph.jpg +Whether it’s a YouTube channel, book, or anything else, what do/did you use that really helped grow your knowledge about real estate investing? If it costs, please include a rough price. +Curious if anyone here invests in D properties. I’ve been looking at an area in a mill town up here in Maine that has gone down hill due to horrible absentee owners with no property management. It’s a historical park with all Victorian brick duplexes but in order to be successful in making this a C area it will involve trying to acquire every property at super low prices (which is doable) and kicking tenants out. I have a lead for 6 of the 50 duplexes but I’m curious if anyone here has invested in such a horrible rent base. I have a C+ property now that’s great but I haven’t ever dabbled in the D area. Any insight would be great. +Put together a google sheet here with weekly data from the past 10 years: https://docs.google.com/spreadsheets/d/1H_mm_G5edQio-iCLAbnbg_ApgMarh--jTarHgxeoHTI/edit#gid=0 + +I'm not much for data visualization so let me know if anything needs clarity here. +Yahoo Finance on Aug. 3, 2022: + +https://ca.finance.yahoo.com/news/7-million-retail-investors-left-091835872.html + +Well done, autists. + +You make me proud. + +Now let's get that number up to 10 million. + +Calls on Wendy's chicken burger sandwiches. + Please limit discussions about the Federal Reserve meeting to this post. + + The FOMC statement can be found here - [Federal Reserve Board - Press Releases](https://www.federalreserve.gov/newsevents/pressreleases.htm) + +If you missed the live press conference, the recording and transcript can be found here - [Federal Reserve Board - Videos](https://www.federalreserve.gov/videos.htm) +I’ve been rather conservative and kept a lot of my cash on sidelines since the crash, made some small gains in ETFs but in hindsight could be up a lot more if was willing to take some more risks. +Now getting FOMO, thinking it has to drop again sometime before it settles but didn’t think it would recover this quick. Have I missed the boat 🤔 +I have been holding ETH since before the DAO (year and a half). 20k to 900k (hold the applause). All along the way I've been following this thread, love you guys. Can we bounce some ideas on how to keep the IRS's dirty hands off this? I live in NYC, so even with long term I'm looking at 20% fed + 3.8% obama care + 6.85% state + 3.88% local. Hell I'm going to be writing a check for hundreds of thousands to Uncle Sam. I want any and all ideas. I've done a lot of thinking about this, here are some thoughts: +1. My father lives in another state with lower tax rates. Claim Ether under his name, have him pay taxes at lower rates then gift the money to me (still have to pay large sum to IRS). +2. Put the ether in a charitable remainder trust (this can get rather complicated and locks money up for some time. If you don't know what this is google it.) +3. Keep all my cash on an exchange and slowly make deposits into a couple checking accounts at different banks over long period of time (but with close to a million dollars this is high risk of an audit right? This would have to be at a very slow pace and all the while would be losing opportunity cost of investing elsewhere while money sits on exchange. But would save 30% in taxes. Am I really going to make 30% with my money very quick once I exit crypto? What are your opinions on the danger level and strategy with this option? Would love to hear an intelligent approach to this even given the risks) +4. Use ether to buy something that IRS wouldn't catch wind of. (I really don't know what though?) +5. Foreign accounts, foreign real estate (from my research it sounds like the days of Swiss bank accounts and Cayman Islands are not what they used to be. But I would love if this were not the case. Does anyone have any foreign ideas? Think about this way, we are talking hundreds of thousands in taxes. So if it takes 10, 20, or hell 50 grand to go abroad and figure something out its well worth it. And it sounds like fun.) +6. Hodl until the ethereum world computer takes over. I am an ether believer, I went to school with Joe Lubin's son Kieren. But I'm a realist, at some point soon I want tot take a little cold hard cash, and the IRS can get fucked. So hold your hodl comments, and help me stick it to the man. (Doesn't necessarily have to be an illegal idea either. Tax mitigation strategies welcome!) + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi guys. I know I won't receive definite answer, this is just post for a conversation. We all know this situation is insane. Record number of people without jobs, businesses stuggle, who knows when we will be able to travel internationally, almost everyone on the planet got involved in this COVID-19 disaster, many businesses and people will bankrupt sooner or later and yet, the market is going crazy. Biggest increase in stocks in decades in last week. Tesla went yesterday up by 13%. It's up like nothing has happened, like 80% of the things got repaired and only great days are ahead and we are ready to get back to normal. + +My brain literally hurts from this. I know that INSANE amount of money were injected by the FED and central banks from all over the world, but that's gotta show somewhere. That's gotta impact the economics world somehow (at least in long run). Then you take a look at US, people without jobs, tents of homeless people all around LA, their health system (at least for me) is absolute joke and trillions of dollars will make unpleasant things dissapear and it's basically just **win-win-win** situation? Who still believe this BS? + +I know, by some time everything will go back to normal. As everyone panicked way too much on the stock market one month ago, now I think people are way too comfortable with the growth, they do not realize the impact of coronavirus that will take place even months from now... + +Maybe I'm crazy, but seeing all of this, I don't believe US market at all. It's pumped like crazy, people ignore obvious trouble just because of huge amount of helicopter money. I still think, we are in bear market (today, S&P 500 is at 2761 - so if you find this in the future, you can laugh on my expense). + +If you agree with some of my points, where do you invest? What does make sense? On what literature I should focus? I really do think world is changing and definitely would love to find more ideas about it (even critique of my opinions are 100% welcomed!) + +**What do you think about this situation on the market?** + +Thank you for your time. +Hi, + +I'd like to first say that I am unsure if this sub is the correct place to post this, but I could not see anything in the rules about it not being allowed and as I have nowhere else to turn so I thought I have nothing to lose. + +I am a 23 year old male from the UK and several years ago I had to move out of my home. Since moving in on my own I have constantly struggled budgeting my money and being a irresponsible 18 year old at the time I wasn't fully considering the consequences of my bad spending habits. + +5 years on I am now in a situation where I am in a substantial amount of debt and I am struggling to pay it off. I have had to resort to short term loans just so I can see the end of the month. I know this is incredibly stupid but I honestly have nowhere to turn anymore. The loan is just going to put me in a worse situation but I just don't know what I can do anymore. I am paying off money when I get paid but then have to borrow money just to try get back some of the money I paid off, it's a constant cycle. + +The whole situation is on my mind constantly, eating away at me, distracting me from my job and life in general. It's making me incredibly miserable and it's genuinely feeling like suicide is my only way out, something that I keep considering but struggle to come to terms with. + +My whole life is a mess right now and I don't know what to do. I'm scared, embarrassed, and unhappy. + +The debt probably amounts to around £21,000 at this point. I just don't know how to handle the situation. If anyone could give me any sort of advice on where I can go from here I would appreciate it so much. + +Thank you for taking the time to read this and all replies and appreciated. + + + + +Edit- +I don't have anywhere else to add this but I just want to say something. + +Before I made this post I was feeling so low, after a couple of replies I already feel so much better about my situation. + +The fact that even just 1 person has taken time out of their day to give advice to some random stranger on the internet that they have never met amazes me. It is incredible how kind people can be despite getting nothing in return. Thank you all. + +Cheers. +ZK rollup solution to reduce the gas fees and improve transactions is something that I'm really bullish on. I've been in MATIC since it was worth only a quarter of a dollar and I support the project wholeheartedly. + +Right now, MATIC Polygon is sweating like a pig on a roast, because one one small blockchain game. People are farming pixel sunflowers and the gas fees went up over 580 GWEI and keeps rising! I don't think this should happen from such a small bump in activity on blockchain. Right now the gas fees are getting pretty damn high on MATIC almost 0.4 MATIC to get a transaction through and that is a big if. + +Quite crazy what one little event did. I wonder if they can learn from this and improve the network. +Hello investors, + +I've been investing for some years and read lot of resources, including Reddit r/investing. + +The thing is I'm always amazed when I read in every single thread the classical "hey man, just stick to the SP500 ETF and DCA". + +I mean, it's obvious this people have chosen to avoid stock picking and stick to passive investing. This is actually a great way of investing praised by some of the best investors. And one I recommend some of my friends an family. + +But my point is, if one has chosen to do this, why on Earth are they still reading r/investing every single day and commenting that quote every minute. + +In my case, the reason why I avoided passive investing was the fact that I love researching and reading about companies, and I don't see myself without doing it. + +So, why do lot passive investors keep reading & commenting all individual stock analysis posts? + +PS I'm not a hater, I'm just curious why they do it. IMO they do it because they keep questioning if they really want to stick with passive investing, but I could be wrong. + +PS2 sorry I'm advance for my English, it's not my first language :/ + +Have a great day! +Edit: This post has got more attention than I expected, so I want to be clear. I'm not a pro investor. Everything I wrote here is just stuff that has helped me, personally, to have more success and avoid going too deep in the red. Reddit is not the place to get professional investment help, and I'd encourage everyone to be skeptical of things you read on this sub. This is not an investment class, just a tip from a fellow investor that I hope will help lighten the bags. I'm not at all qualified to advise you on investing. There are better resources elsewhere. . + +Learn where your stocks have support! Don't go all in on buying the dip unless you know where it is likely to stop dipping. When it reaches its support line, start SCALING IN. In a bearish market, dips can fall below support lines and keep dipping. If this happens, accumulate more shares at a lower cost. This will reduce the size of your bags and give you a better average price/allow you to purchase more shares. When the market turns in your favor, the reward will be much greater. Diving all in right now isn't investing, it's gambling, and you will likely lose. Also, I should mention that averaging down your price is not always the right move. Some stocks don't recover and you should have an exit strategy/ know when to cut your losses. + +Also, don't buy stock in companies with heavy debt (almost ever really) or distant catalysts unless you are accumulating for a long position. You will often lose or lock up your money trying to swing trade during a bear market, especially if you are investing in stocks with no substance, only because they were performing well in a bull market. If the market stays bearish, the charts from the last few months will deceive you. It's time to stop riding the trends and do real DD. + +Good luck and let's hope things go back to the bonkers and unsustainable gains we were seeing. I've had enough of this "healthy pullback" lol +I am running an experiment with a $9500 USD account. + +Trading instrument: stock/options + +Parameters: long only + +broker: Interactive broker + +Scanner used: finviz ( this video explains how I use it on a daily basis: [https://youtu.be/FMeJ-khESFQ](https://youtu.be/FMeJ-khESFQ) ) + +Day 1: $518 + +Traded 2 stocks: $INO $VXRT + +&#x200B; + +https://preview.redd.it/b96me8wn3na51.png?width=671&format=png&auto=webp&s=1480cc232c24b4c71690aee3e4d76caec3116d92 + +https://preview.redd.it/uifw2swn3na51.png?width=666&format=png&auto=webp&s=457e8a632b1cbb870f3052bf2b589d0e5cdd7c1b + +https://preview.redd.it/f5rxwrwn3na51.png?width=496&format=png&auto=webp&s=66fc28102d8be1423d3afd0c53ce4ce614d5ee2c +I am 46 and my wife is 36.  We are planning a move from Indianapolis to the Big Island.  We absolutely love the state of Hawaii and it is where we want to be. The question is "how much home to buy?" especially if I am shedding the corporate grind (i.e. the bulk of our w2 income).  I will very likely trip into a way to make money over there ... but not on purpose.  My wife is aiming for part time work in a bank to get the Medicare/Social Sec credits she still needs. + +We now have a net worth of $2.8MM, $2.75MM is invested in (mostly) index funds. + +We love the outdoor adventure possibilities of the BI and see it as a shrewd investment now that Maui, Kauai and Oahu are sold out (lava notwithstanding!). Living in Hawaii now makes sense because I am not sure I will have the physical zeal at age 60+ to do the hiking I want to do. + +Given that we are frugal by nature, biting off the $990K home we want (50% down, finance rest) is tough to do, from a mental gymnastics standpoint.  In Indiana I would never dream of this size of purchase.  Hawaii is a different animal and serious (or market level) appreciation is a definite possibility.  A rental unit on the grounds of this home would soften the purchase too - it will likely bring $1400/mo.  Air BnB would be our first choice but we will aim for a long term renter in case Air BnB is banished ... I predict it will be as the islands are saturated and locals can find few housing options. + +How much home would you smart people purchase in this hypothetical? Or, would you simply stay planted in Indiana and plan to travel the planet four to five times per year? We do not hate it here. We do hate the bitter cold and icy winters. + +A 900-1MM purchase with half down would leave after tax funds at $1MM.  Tax advantaged vehicles will stand at $1.25 or so.  We will aim for an 85k/year spend or less, given the ohana/rental income. + +Thanks for your input. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +This guy has been consistently wrong, he even claims he has "good streaks" and "bad streaks". So he's right 50% of the time? Almost like random chance? + +Now he thinks the China ban is a non-factor because VPN. Anyone who follows people who are actually living in China (and for an unbiased view, check out people who are NOT related to crypto trading at all), knows that China is seriously cracking down on VPNs right now. + +If he's right, he gloats about the call. If he's wrong, it's all about blaming others for "deceiving him" (Monaco) or telling people to DYOR. No shit. +I use the MarketWatch GME page to view premarket, and I saw this little article at the bottom. + +https://preview.redd.it/sg9nggrzwk671.png?width=614&format=png&auto=webp&s=9da8e17ee2572d0b422abf32643ca4d02ed2599c + +So I click through trying to see what the bears are saying. + +&#x200B; + +https://preview.redd.it/awy6bp05xk671.png?width=962&format=png&auto=webp&s=ab426ef54c99ab8a8c1bbd5ade949ed61dc2854d + +&#x200B; + +https://preview.redd.it/ttsjuuc6xk671.png?width=775&format=png&auto=webp&s=43a56831aac7ad25f92abca58438fac0728999ba + +This seems alarming! Directors of GME selling of substantial holdings??? I must investigate! They conveniently leave a link to the article so I can see what they mean. + +&#x200B; + +https://preview.redd.it/0pdz8s0fxk671.png?width=958&format=png&auto=webp&s=7a1d168ba63cec4dd37db652e27e788d2db5985a + +Referenced Symbols: Movie stock. Not a single mention of GameStop or GME in the entire article. + +They made a hit piece against GME by using Movie stock information. How is this not blatantly manipulating the market by presenting false information? + +Can I say Ford insiders are dumping all shares, so sell Airbus? What the fuck? + +BTW just to fuck with them, you can view all MarketWatch articles without a subscription by simply changing the .com to .com. before the /xyz/ works on most websites to remove the paywall. + +Just another example of the media being paid off to talk shit about GME when there's no evidence to suggest that it's not a godlike investment. + +Buy. HODL. Drink some water. +Hello, + +There has been a number of posts lately explaining the potential of High Tide Inc. + +I also wanted to create a post that highlights the reasons that I decided to go in for 5000 shares at the current price of 0.78$ with a **30% increase just on Friday alone**. As always this is not a financial advice, do your own DD and be smart with your investments. + + +* **Revenue increased by 180% to $23.2 million** in the third quarter of fiscal 2020 (2019: $8.2 million) and **gross profit increased by 202% to $9.2 million** in the third quarter of fiscal 2020 (2019: $3.06 million). Income from operations increased to $2.11 million in the third quarter of fiscal 2020 (2019: loss $4.03 million). +* High Tide is profitable. "In 2Q20, HITI became the first Canadian public cannabis retailer to report positive Adjusted EBITDA." In **2Q20 they were at 1.935 million**, in **3Q20 they have managed to double that amount 3.961million**. +* They have secured investments from both **AURORA ($ACB) and APHRIA ($APHA)** in the past +* They have a very strong brick & mortar retail presence. "Canada’s largest recreational cannabis retail network **by revenue** and o**ne of the largest by store count**, including a leading position in the most populous province of Ontario." Plan to expand their number of store and almost doubling their retail count in 2021. +* **89% of their revenue is from brick and mortar retail** so the store expansion could lead to higher revenue +* They have a very strong online presence as well under the brands of [**Grasscity.com**](https://grasscity.com/) **&** [**CBDcity.com**](https://cbdcity.com/) +* They have celebrity licenses (**Snoop Dogg, Yo!**) +* **Their 4Q2020 Earnings is planned to be released by end of Feb**. Historically stocks tend to perform better leading up to a earnings that is optimistic so this should also help with the growth short term. + +Thank you for reading. This was my first time trying to put my thoughts into writing, I hope I was able to convey my message. + +Once again this is not a financial advice, I am not an advisor, and I really don't know anything about stocks, I just like cannabis. And **my personal opinion** is this stock will surely go above **$1.00 in the next two week** leading to 4Q2020 earnings. + +Edit 1: Today was a strong indication for the next two weeks, first we had the jump start at the 0.87 CAD and a shoot up to 1.13 CAD, a whopping 35% gain and a pullback to around 0.99 CAD and settling for the day it seems at 26% gain for the day. Volume at ~32 Million. Amazing. +Background: couple in tech (no kids). Been working for 5 years since college. And because we just finished our taxes — we found out that we made 900k+ last year and we’ll probably cross 1M/year in income and 2M in net worth in 2020. + +Our current dilemma is about when to buy a house. We are comfortably renting a place for 4k/mo right now. But in this crazy market, to buy an equivalent house, we’d probably need to pay 1.7-2M. Buying that would effectively increase our spending on housing related expenses by many folds. The math just doesn’t seem all that appealing. + +To the folks here who are in a similar situation in a VHCOL area: did you wait after you’ve saved enough to qualify FatFIRE (3-4M) before considering a multi-million housing purchase? Did you take on a large mortgage or shell out a large chunk of cash? Did you stayed renting to avoid large lifestyle inflation? Or did you make a completely different call? + +Our ultimate goal is to get to FatFI at 10M. Taking the money out of the stock market in our 20s will likely set us back by a few years... Not sure if a house is worth it. +What is your personal comfort level for your net worth in the company that you work for? Especially curious for those whose stock is illiquid or only occasionally liquid. +I started a new job recently as a tow truck driver. I am part of an amazing crew now. Left a terrible boss for this new place. I've always struggled to ask for help. I decided to open up to another driver about my situation while he was training me. He said "I'll feed a mouth that's open" and got me lunches and drinks while training. Amazing. Gave me the courage to ask the owner of the company for a pay advance to cover my phone bill and food until I get my first paycheck in another 2 weeks. He's giving me the $200 I asked for tomorrow, and gave me the $80 I needed to get a DOT card so I can legally drive commercial trucks. Had I not asked for help, of be down to my last $5.82 and a phone that would be shut off, meaning I couldn't work. I HATE asking for help, especially money. Just had to suck it up and do it. I'm slowly learning to ask for help when I need it and pay it back as quickly as possible. + +That's my story and advice, here's a question: + +How many people here struggle really hard to ask for help and feel downright shame and guilt in doing so? I have my entire life, more so now that I'm almost 30 and don't have my life together. Is it common with impoverished people? +Seriously I have seen an alarming amout of posts where people have come to this sub crying about their mistake/greed after falling for these scams. I am much younger than the average user of this subreddit and I know for a fact that I would never fall for such scams. + + +So these scams go something like this:- +It's usually a youtube live video of a conference where Elon Musk, Jack Dorsey or Vitalik Buterin with 12k to 20k live viewers which are bots with a flashing sign with a wallet QR code saying, if you send crypto to this address, we'll send double back. These conferences are so old that a simple Google image search if these conference would be enough to know for a fact that it is a scam. + + +Is it just that people are too greedy? I am only 16 and sometimes wonder that if adults are just money hungry dumb dumbs. Please people do not disappoint me. + + +Edit:- Thanks for the awards guys, your noti's have been lost in the sea of other notifications and I am not able to personally thank you. +I am someone who has spent over a decade in finance, first in a hedge fund and then in private equity + +If you want to understand what it is going on. You have to understand that the largest driving force in the background in which you are operating in is the shift from active managers to passive managers. The vanguard crowd has been winning for more than a decade and now we are at a point where nearly all new money entering the market comes in the form of passive ETFs and index funds. + +And here is where the fun begins. millennials and new investors have a extreme preference for passive management while baby boomers largely invested in active managers. So in the past few years, all new money entering the market is passive and all old money leaving the market is active. Hedge fund and mutual fund managers are shedding AUM while the likes of vanguard and ETFs have been gaining AUM. + +So why does this matter? + +Well, the old operating model of securities analysis was predicated on value judgements. If a stock falls 20%, your money manager tasks a analyst to runs a DCF/comps analysis, and tells you it is undervalued by 10% based on the latest assessment, and that the fund should buy some shares. The old buy low sell high with a dash of analysis added in. That was how things use to run anyways. But in the world of passive investing, price becomes the only judgement as to whether it should be added or subtracted, there is no analysis of valuation metrics, fundamentals of the business or even if it is a fraud or not. There are no analysts digging into the company, calling up suppliers, doing channel checks. It is just pure automation, stock goes up, it gets reweighted high, buy. Stock goes down, it gets reweighted down, sell. The market has become dumber over time. And the people who do the work do not get paid for it, because more and more of the market is passive. So undervalued things remain undervalued, and overvalued things get more overvalued. + +There are essentially three players left in this market, of which only two are active investors. You have the passive money, which now drives 90%+ of the market. You have the small remaining active investor base, who have been shedding AUM and are desperate to hold on to their jobs and are forced to actually follow indexes to avoid getting fired, and what their doing which is arbitraging value, no longer pays off. Then you have people like WSB and stocktwits, where people chase momentum in everything from large tech to chinese frauds. What you are seeing today is the two remaining active groups fighting to control the flows of the passive money (who simply follows whichever side has more momentum). + +This is why we are in a world where TESLA can go up valuation by 10x despite revenue only increase by 15%. We are in a world where large cap gets larger. We are in a world where a bunch of degenerates gambling on FDs, which then drives gamma covering by market makers will create an escalating feedback loop in which passive money piles in, making it into a self fulfilling prophecy. + +So thank the Bogleheads, you have the keys to the Asylum. You are now running the trillion dollar global equity markets. The memes are now real and you are now the captain of Wall Street. + +Edit: to all the morons who keep saying I am wrong because passive is not 90% of the market. Yes it’s more like 60-65(Active) 35-40 (Passive) right now. But what drives price action is the marginal buyer and seller. The total market doesn’t matter worth shit. Grandma with her 20 shares of Ford she plans to gift to Timmy 10 years down the line doesn’t move market price today. 90%+ of the marginal Flow of money today is passive and that sets the price. +I’m very confused, I was under the impression that AAPL would be boosted by the event, not the other way around. My portfolio was slaughtered, dropped by 20% at close, is this going to continue? Or is it just a healthy pullback? +Anyone have any experience or expertise in creating an LLC for stock trading for tax purposes? I make a few thousand trades per year, often theta gang type plays and am on my way to a mid 5 figure Yearly gain. Anyway to make this more advantageous tax wise? +I was watching NBA on TNT and noticed Shaq and DWade have absolutely perfect teeth. + +Sign me up. What do I need to do? Is it veneers? Has anyone done this? + +Edit: I have bruxism and degenerative wear in my Temporomandibular joint. I wear a night guard and consciously try not to clench, but its genetic. +By percentage, what is your *actual* usage of any of these shitcoins for real economic exchange as a currency? And no, cashing out to fiat doesn't count. What *real goods and services* have you actually purcahsed with crypto? I'm gonna guess for the vast majority of you, it's pretty close to zero. + +Do the shitcoins you're holding have these properties, REQUIRED to function as a currency: + +- Divisibility +- Durability +- Portability +- FUNGIBILITY +- Recognizability +- Privacy +- Limited supply + +If it doesn't have those qualities, it's not money. So no, your transparent chain, premined, heavy inflation, huge fees per transaction, barely functional network, is NOT currency. They're gambling tokens, and you people have a gambling problem. You're not "revolutionizing paradigms," you're not "fighting the banks," you're not doing anything other than speculate on garbage which will never be used as an actual currency. + +And WHEN this bubble pops, and you lose 90% of your paper wealth, you will have deserved it for being equally as greedy as the banks you hate, but with a much higher level of ignorance than those parasites. Now downvote me. +GOOD EVENING to all of my favorite little Crayon eating, piss martini drinking, diamond handed big NUTTED ape buddies, + +Now I know that all of you little shit throwing apes that haven't been on this ride before were dropping fat donkey kongs in your Huggies this afternoon during the brief GME/AMC nosebleed. If you survived the slaughter, congratu-fucking-lations. If you bought the dip, you know the way, and are truly, one big fat diamond loving retard. If you paper handed or had stop-losses set, you're a bitch and the rest of us diamond hands thank you for exiting our rocket before we make our first landing on planet **$69,420.69**. The Tendieman is coming way faster than you think. + +**The Hedgefunds** + +Today, these stupid little shit fuckers really decided to show us their entire hand. They used the same short attack that they used previously, but not only did they do it so blatantly obvious, they did it across our beloved GME and AMC (THESE ARE THE ONLY PLAYS THAT MATTER, THEY DID IT ELSEWHERE TOO). This was the most obvious share-shake attempt that I've ever seen, and it was done more outwardly than the previous attempt. **THEY'RE SCARED, WE HAVE TO BE CLOSE TO INITIATING PHASE 1 OF THE MOASS.** As GME and AMC keep rising, they have to keep buying more and more shares to lose less money on the options that are ITM or will be ITM by the end of the week. They extra fucked themselves today with their bullshit attack. **They triggered the short sale restriction** meaning that tomorrow (for GME), they won't be able to orchestrate such a massive attack because they'll only be able to short shares during upticks; *but ape say "if big back fat crying down his back Melvin just short on uptick won't it crash?"* **NO, BECAUSE GME UPTICKS EVERY .6969696996420 MILLISECONDS.** ***Tomorrow we will be able to BUY BUY BUY BUY BUY*** and these chicken shits won't be able to shake the shares out of the paper handed bitches as easily as they had today. I'd include pretty little pictures with colors for all of you crayon eating shits, but I know they mean nothing to any of us, **HODL.** + +**The Media** + +The media is so fucking crooked and tied in with these hedgies that they literally only speak when GME and AMC downticks 10-20%. All day long they were silent until the short attack, then all of the sudden our "MEME STOCKS" were worthy of mentioning. I think this is clear indication that they're being paid and gagged by these chode dicked chicken shit hedgies. In conclusion, don't listen to the media, don't listen to the articles, the analysts, or even your mother. **TRUST THE RETARD INSIDE YOUR HEAD.** + +**The Crayon Eaters** + +Foremost, I love you ape brothers. Many of you have been here from the start, and some of you may have even just joined today, but it doesn't matter so long as you HODL. **Together ape strong.** Remember that you are holding diamonds, everyday that you hold these diamonds you're costing Wallstreet and the egotistical bastards that stole from your families in 2008 billions and billions of dollars, but its nothing in comparison to what we will achieve when we take back *TENS of billions* of dollars from them. Getting rich is cool, but sticking it to the man and getting back what is rightfully ours is even sweeter. I've gained a sense of true happiness from these gorgeous little stonks, and I've already decided that IF these stocks go to zer-**HAHAHHAHAHAHAHAHAHAHAHAHHAHAHHAHA FUCK THAT THESE BITCHES AINT GOIN' NOWHERE THEY'RE GOING TO THE GO FUCKING PARABOLIC AND WE'RE ALL GOING TO GET FILTHY RICH; THE RED PRICE NEXT TO YOUR SHARES IS THE DISCOUNT TO BUY MORE. HANG IN THERE, NO RETARDS LEFT BEHIND. WE ARE COMING BACK FOR YOU ALL ON THE WAY TO $69,420,696,696,696,420.696.** + +**TL;DR** + +Fuck the hedgefunds, their bitchass tricks didn't work today, it made things worse, and made us apes stronger. The media is as F.O.S as they've ever been and are doing anything they can to help their hedgefund sugar daddies out. **Apes together strong, HODL till $69,420,696,696,696,420.696.** + +***Obligatory legal pardon:*** **Don't listen to me I never passed 3rd grade, I am not a cat, but I am a thoroughly convinced diamond handed ape who loves the stonk. Plainly, I am not a financial advisor.** + +&#x200B; + +edit 1 : + +here to report that am love ape stepsisters too, but no want media know we have ape stepsisters stuck on rocketship because know then media would that we've infiltrated the smoothest brained of apes. the wohmans. + + edit 2: +THANK YOU FOR THE AWARDS AND UPVOTES. Apes requested more of this 🚀🚀🚀🚀🦍🦍🦍🦍💎💎💎💎✋✋✋✋✋✊✊✊✊ +**EDIT**: I didn't expect such a big response. Thank you SO much to everyone who offered advice and links to resources, I can't tell you how much I appreciate it. There are too many comments and messages to respond to individually but I have read each and every one. Thank you again. + +My mom doesn't want to go to the hospital because she already owes tens of thousands in medical bills. She said they will put a lien on the house and I don't really know what that is or how it works. She is elderly, disabled, and on Medicare/Medicaid. + +Her house is already paid off. I am 30 years old and disabled. I currently reside here and pay rent to her, but I do not own the house yet. I am supposed to inherit it when she dies, which will likely be soon. Does this mean I have to pay all her medical debt? Will they take the house away from me? I'm freaking the hell out. If she transfers the house into my name before she dies can I possibly avoid this? We are in Washington state, USA. + +Any advice is appreciated. Thank you. + +**EDIT: I found this:** + +"Can Medicaid take away someone’s home? + +Part of the estate recovery process looks at property owned by the Medicaid beneficiary, and recovering some of the debt through the value of that property (this is called putting a lien on the house). + +The state can file a lien when the Medicaid recipient is institutionalized and not expected to return home, or after the beneficiary’s death. However, the state cannot seize or place a lien on a home if any of the following of the beneficiary’s family reside there: + +A living spouse + +A child under age 21 + +**A blind or disabled child of any age** + +A sibling with equity interest in the home, who has lived there for at least one year prior to the beneficiary entering a nursing home + +The lien is removed if the beneficiary returns home or the house is sold and Medicaid is reimbursed. Some states only put a lien on the home when the beneficiary is alive; others do this after death." + +Since I am disabled and I live here, does that mean they can't take the house from me or pass on the debt to me? +If the population stopped increasing or even started declining (like Japan) and inflation was 0%, would the stock market still go up long term? If so, why? +Edit: I'm seeing people tell me it's a non issue or I'm over complicating this because the sec is tallying the comments. As of this edit (6:20pm) there are over 10,000 tallied comments. That makes a great case for "reddit tells people to do X and 10,000 people do. So how many people will buy Y because reddit tells them to?" I can imagine we may see an MSM article sometime regarding this and it will just be another way to pin blame on reddit. However, I am glad the sec is acknowledging the sheer volume of traders with an interest in regulations. Maybe they will do their jobs if there is enough of a spotlight on them. I'm not bashing anyone for commenting, and I'm not saying I'm right at all. This was all just my opinion. Perhaps I've been watching too many conspiracy movies? + +So I haven't been around much today, but I've seen the posts about "voting" to the sec and it seems to me like it was a tactic to gauge just how many people here would blindly follow something without thinking about it first. + +Now they know just how much they can manipulate people so I think everybody needs to be extra vigilant. Look how fast this sub made it to the news articles. Look how quickly RC tweeted a meme from here. There are eyes everywhere and this sub showed it's hand today. + +I'm not bashing anybody here. It's alright to want your voice to be heard. It's alright to want to help a cause and try and make change. It's not alright to just blindly follow along like lemmings though. If you wanna spam someone for change, spam your representatives. + +Everybody should take a deep breath and take the weekend off. Spend time with your families. Play video games. Gta V was just added to xbox gamepass, take out your "where lambo" rage there. Binge watch solar opposites on hulu. We're not here to be some revolution or occupy movement, we're here to make money. If change comes with that, cool. But that's a side dish, not the main meal. We're better than this guys. + +This is the part in the college movie where the freshman is trying to impress the frat guys and the frat guys act all accepting and helpful to the freshman, just to prank him in front of everyone at the big party. Well played shills, but I've seen this movie a hundred times and I know who gets the girl in the end. +Hi all. Hoping for some advice moving forward, I'll explain what we think happened and what we have done so far. Please redirect me or delete if it's the wrong sub. Also on mobile and full of anxiety over this so please forgive spelling/format issues. + +Just to give you a little background, we are new parents to a 7 week old so money is tight. + +Yesterday we had a withdrawal from our checking that caused us to have a negative balance. Of course I freak out because we haven't paid rent yet so there is no reason to get a low balance email. I check the account and see a check # the typical amount of rent (water is included in rent so it varies) has been withdrawn. It had yet to post yesterday when I looked so I couldnt view the check. I looked up the check # and see we already had used that specific check for June rent. I called the bank (wells fargo) and they couldn't do much since they could not see the check until it posted but filed a claim on that withdrawal. + +Check posts this morning and it is clearly the old check, same number as the check that already cleared for June rent. But someone has changed the date, the paid to, and the memo. The pos responsible literally changed the memo written 'rent' to 'reimbursement'. + +I called my apartments office yesterday before the check had cleared and found out they definitely hold on to the checks, scan them in to be deposited so its obvious someone from the office got ahold of our old check and doctored it to pass it off as a new check. I dont even know who tf the person is that is on the paid to line. + +What should we do from here? File a police report? We will go to the bank when they open now that the check is cleared. By calling the appartment office, did I tip off the asshole who did this? How hard/long will it be to get our money back? + +I know we have proof with the checks being the same but this has never happened to me before so I'm unsure how long it's going to take or even if we will be able to get our money back. Any advice would be really appreciated and thanks for reading! +Hi reddit, + +first time I post here but I've been a long time reader of this subreddit, today I feel forced to make a post + +to tell you the frightening story that happened to me last week. + +A little background on me, I'm a 30yo french bitcoin enthusiast working in the finance sector. + +It happened at the Roissy CDG Airport, I was boarding on a flight from Paris CDG to London Heathrow. + +I was with a friend and before passing the individual search I was talking about bitcoin to a friend who was interested, + +so I started explaining him about the concept and told them a few things about it, nothing strange occured before the search. + +I put my luggage on the conveyor and then one of the security guys proceeded to an individual search (BAU), but after the search + +the guy told me "You're under arrest, come with me". + +I was panicked, I didn't know what was happening but I followed him to a room. + +He asked me to sit and then another guy from the customs asked me questions : + +"Give me your ID card" + +"Do you use drugs?", told him no I don't + +"Are you sure?" ???? Said no again + +"Do support cannabis legalization", no... + +I got a little pissed off and told him "what's the problem?" "what is wrong with me" + +Then he told me "do you know the silk road?", told him I don't know what he's talking about + +he then wrote on a paper Silk road, I still denied knowing that + +Me : Could you exactly tell me what's happening? I have an important flight and I still don't know why you did bring me here + +Him : Okay, "have you ever been convicted of fiscal fraud?" "are you tempted by it?" + +Me : No, never + +Him : How much bitcoins do you have? (he actually asked directly that question), and when he said that I started to understand + +why I was there + +Me : I don't know what you're talking about + +Him : Don't pretend, I heard you were saying "Bitcoin" + +Me : Yeah so what? + +Him : How many of them do you have? + +Him : Are you aware bitcoins are illegal? Did you buy drugs with it? + +Me : I'm not so sure but if you say so, I don't have any bitcoins + +Him : Stop lying, I heard your conversation, the better you cooperate the faster you'll be out of this mess + +It is illegal to use bitcoins and fly with amount of bitcoins, you must declare all your bitcoins to the fiscal administration + +Me : But I was talking to a friend, I only have a very small amount of bitcoins + +Him : So you have bitcoins, how many exactly do you have? + +Me : (told him a random amount), something like 2 bitcoins + +Him : what do you use them for? + +Me : nothing, I'm just holding them + +Him : bitcoins are used to buy drugs, if you own bitcoins you use them to buy drugs, this is illegal, we will have to proceed to a search of your luggage + +Me : I don't own any drugs! + +Him : have you declared your bitcoins to the fiscal administration? + +Me : Not yet I got them this year + +Him : where are your bitcoins stored? + +Me : on my personal computer + +Him : where is your personal computer? You are not allowed to travel with bitcoins (yeah riiiiiight) + +Me : at home + +Him : I'm afraid you'll have to spend some time in custody before we can solve this situation, in france it is illegal to use other currencies than euro (what a stupid statement but I shrugged it off) + +Me : why would you send me to custody? + +Him : for having currency that is used for buying drugs + +Me : I never bought any drugs with bitcoins + +Him : we will proceed to a seizure of your personal computer and verify all your purchases + +and then a second guy came in and asked what this is about, they started talking to each other in private + +and then the second guy told me : "It's okay we're going to solve this situation" + +and the first guy told me : we are going to ignore this event however if we ever find you again with bitcoins we will be forced to send you into custody + +bitcoins are illegal, I highly suggest you do not use these bitcoins anymore and you have to immediatly report your gains to the fiscal administration. + +We are keeping your ID into our files. + +However before you can leave we'll have to proceed to a cannabis test. + +So I was forced to proceed to the test with the physician, of course it came back negative and the guy was pissed off at the result and he released me. + +My friend took the flight alone and I had to take the next flight, it seriously angered me at the situation and I didn't sleep the whole night due to the stress generated by this story. + +All that for saying the word "bitcoin", I could have ended up in custody, and just the fact of being harassed by a policeman over bitcoins was scary enough. + +Now I will try to avoid talking about bitcoins in place where the gov can hear me, of course I checked and bitcoin is in no way illegal in France, this is pure BS. + +It was probably a stupid zealous policeman who probably hates bitcoin (maybe he's pissed off because he missed the train?), who knows, anyway I will remember this story. + +I don't know what to do after doing this, I'm thinking about sueing the guy for that but I'm wondering if it will make things worse, justice is ignorant of bitcoin and will probably turn against me for using them. + +It's incredible in this world that just "saying" the word "bitcoin" is treated the same way as someone who commits a felony. + +It really shows how our governements are deeply scared of bitcoins, or maybe this guy just hates bitcoins because he missed the train or he doesn't understand what it is. + +-Pierre Ethève + +Français : j'en appelle aux lecteurs français qui ont lu mon histoire, ça s'est passé à Roissy mercredi de la semaine dernière + +j'ai été fouillé par un agent de sûreté qui m'a emmené dans une salle, j'ai été interrogé par un douanier (je crois bien). j'ai du mal à croire ce qui m'est arrivé et j'aimerais savoir ce que vous feriez à ma place? + +je pense porter plainte pour procédure irrégulière sur des motifs bidons mais j'ai peur que ça me cause plus de problèmes que j'en ai déjà eu. + +le mec de la douane m'a dit que j'ai été fiché pour une durée de 3 ans. + +si je porte plainte j'ai bien peur que ça se retourne contre moi, la justice française n'a aucune connaissance du bitcoin et vont certainement m'accuser de fraude fiscale ou d'autres choses. + +Bref voilà j'aurais besoin d'aide parce que j'ai pas envie que ça se reproduise sur moi ou une autre personne. + +J'ai déjà entendu ce genre d'histoires aux US mais jamais en France encore. +I’m 25F, Master’s degree in physical sciences, and have been working at my R&D company for over 6 years. I very quickly moved up in my group, from intern (2016) to Associate Scientist (2018) to Scientist (2021) to interim manager (2022) while my boss is away for a year. In my MCOL city, I’ve been comfortable as my pay has ranged from 60k starting out to 77k + 7.5k bonus now. + + +I’ve been made aware that my boss is not returning into his own role upon his return, so a new manager will be needed, and I’ll likely be asked. While I’m currently enjoying a decent portion of my managerial responsibilities, it’s a lot of work. I went from hardly worrying about work outside of work, and now I’m regularly responding to emails at night or early morning. I went from working 37ish hours to 48+ recently. + +While the permanent promotion is exciting, I can’t help but worry taking on a “big” role so young will force me to make compromises in my personal life (leisure activities, spending less time with SO, travel, may delay marriage and/or kids). The higher pay will obviously help me reach my FI goals, but at what cost? I’m curious to hear your stories! + +EDIT: changed typo bonus from 7500k to 7.5k +[https://seekingalpha.com/news/3612325-astrazeneca-covidminus-19-vaccine-study-put-on-hold-after-adverse-reaction](https://seekingalpha.com/news/3612325-astrazeneca-covidminus-19-vaccine-study-put-on-hold-after-adverse-reaction) + +Looks like this dump is not over. +I have always been curious as to what keeps you going. Is there a particular thing that motivates you to keep working, saving, investing and/off paying off debt? + +For me, I know it sounds crazy but I kinda think of real life as similar to RuneScape (a game I used to play back in 2007). The idea of progressing through something, achieving something tangible and having an impact is satisfying. Watching your bank balance grow, being able to continue to invest in good assets etc. And I would also say the realisation that nothing is guaranteed tomorrow - I could lose my job any time for any reason so I have to work hard today to ensure that tomorrow is safe. + +What is it for you? +Currently 23 years old, no debt but no savings, earning around 72k per year. + +With my new job I've started to save around $1,300 a fortnight after all expenses are paid. Hopefully, I'd like to be able to retire before 45 if all things go well. I'm planning on having the same job I have now (Defence) until I retire for job security and slow, steady growth in addition to the 20 year pension (however I don't want to have to rely on that, more just having it as a bonus if I do stay in for the 20 years - impossible to say what'll happen between now and then). + +I've been looking at a few ways to use my savings (when they start to accrue) instead of just leaving them sitting in my bank account wasting away. So far I've done a bit of research into index funds (Vanguard), real-estate investing and DHA investing (makes sense due to the nature of my job). + +Unfortunately I have absolutely no experience in any investing of any kind, so I'm at a bit of a loss. DHA seems appealing to me (at least buying in a good area that wouldn't leave me screwed with no opportunities to rent/sell after the lease with the is up), but it definitely has it's limitations. + +For my expenses I can't imagine them going up any time soon. Car is payed off, phone bill will go down once I finish my current plan and just start paying for the sim (over the whole "must have the latest and greatest phone" phase) and kids aren't anywhere in the future for me. + +I've only really got two bank accounts at the moment, one for savings with no real interest and a $500 limit credit card that I always pay off (no annual fee) just to keep track of my spendings. + +Any advice would be greatly appreciated! +Mandatory. A disclaimer. The following is probably all wrong. I'm an idiot. + +https://reddit.com/link/vq5t71/video/7yxsx9yq09991/player + +Rather than go through a bunch of code that few understand, or try to explain it, let me just explain what I've found and how it can be utilized. + +First off: + +&#x200B; + +https://preview.redd.it/0e41o9x019991.png?width=870&format=png&auto=webp&s=3d8a7e9b605b4a660700d1c0ed444ddf12378047 + +Immutable X is a company. + +&#x200B; + +From the contracts, you can see what Gamestop has planned. + +\- A games trading platform + +\- An NFT trading platform + +\- A household goods trading platform + +and most importantly + +\- A stock trading platform + +&#x200B; + +**Digital games trading platform:** + +&#x200B; + +When you buy a digital game now, you play it until something else comes along. + +\- Your storage is full but you're out the money you spent on the original game when you delete it to make room for a new one. If you can sell it to someone else at a discount, you can get some of your money back. + +\- On the other hand, a streamer (or you) has spent 10,000 playing a game and unlocking everything in it. That game is now worth considerably more than you originally paid. + +\- Say you want to make a game and sell it without all the contract bullshit from a big studio... + +\- Or just want to make the landscape. + +\- Someone else buys it and adds characters. + +\- Someone else then buys that and adds..... + +\- Sell gaming music... + + \- Royalties or outright sell + +&#x200B; + +**An NFT trading platform:** + +&#x200B; + +\- This has been covered fairly well at this point. + +&#x200B; + +**A "household goods" trading platform:** + +&#x200B; + +This would replace just about every trading platform going at this point, or at least give them a run for their money. Everything would be backed by an NFT to eliminate most crimes. + +&#x200B; + +https://preview.redd.it/ccpconff19991.png?width=1458&format=png&auto=webp&s=58cd30aede846b463dc1997c58cf2051ec4d6f08 + +\- Fake pictures + +\- Misrepresented items + +\- meeting people in an alley way + +&#x200B; + +And last, but certainly not least; + +&#x200B; + +**A STOCK TRADING PLATFORM:** + +&#x200B; + +This one is obviously the most important one. + +Let's say a company wants to issue stock to raise capital for a variety of reasons (increase employees, increase inventory, buy new equipment, buy land, build additions/warehouses, etc...), + +They currently have two options: + +\- take out a loan from a bank + +\- list stock on the NYSE + +In the case of crypto, there's a hoard of platforms available. + +&#x200B; + +https://preview.redd.it/9pixq2kt29991.png?width=830&format=png&auto=webp&s=6625b9476f5eeb96f7ca360695ea77c3b62016a4 + +For stock, there's only 1. + +&#x200B; + +https://preview.redd.it/wkwo98jx29991.jpg?width=960&format=pjpg&auto=webp&s=8ff527967a7c2f2eeed293021980c0b0b654b1d2 + +A trading platform that's ripe with fraud, greed and fuckery. Most of which, we're only somewhat aware of. + +Listing stock should assist in the growth of a company. Not so a bank or hedge fund can fuck with it and drive the company into bankrupcy while they fill their pockets. + +With those shares certified on a blockchain, they can't be duplicated, phantomed or fucked with. + +Your investment in the company when you buy their stock is secure. You're actually helping a company grow. Your reward will come in many forms: + +\- dividends + +\- true ownership + +\- higher share prices as the company does buy backs due to increased growth + +Can you say that now when you're buying a stock on the NYSE? + +FUCK NO! + +When the creators say "This will be the equivalent to the introduction of the iPod for music", you can bet your ass, RC didn't just spend 18 months building garbage that's going to let this community down. + +&#x200B; + +Buckle the fuck up and hang the fuck on. This will be one hell of a ride. + +&#x200B; + +https://reddit.com/link/vq5t71/video/kswkohfg49991/player + +&#x200B; + +https://i.redd.it/475a5hty49991.gif + +Edit: + +typo +TL;DR: Monthly or yearly returns in $ or % of account. + +why I'm asking: + +Anyone who has seen coffeezilla and all the fake gurus knows people claiming to be profitable are a dime a dozen, that pitching some service is the easiest way to be a profitable trader, and traders here know how hard it is in practice to have effective risk management in order to hold onto earnings long term. Once you cross the barriers, then you can begin to reap the benefits of this highly rewarding endeavor. + +So, to people who are on the other side, who have struggled and now found success, please share results. +Monthly or yearly returns in $ or % of account. Understandably this is obviously deeply personal and highly variable. +Curious to see what comes up. I need inspiration. + +As for me, I've blown up 3 accounts in the last 6 months being a novice. +Now, armed with more knowledge, experience and discipline, assistance from an Algo I like, and better risk management, I'm getting better results with S&P futures than anything before. That's not to say that my hard work couldn't be wiped out in a couple bad days.... + +Update: wiped out this week's gains today over-trading and over leveraging, oof +I've been paper trading in the stock market for a while and feel comfortable with my trading skills to the point I want to trade with actual capital. Of course, I won't be able to trade with $25000, so the stock market is out of the question. I'm probably gonna start with $1000. With that being said, what is the best market to trade in? The two main ones I have heard to trade with small capital are the commodity futures market and the forex market. What are your recommendations? +I see a lot of idiots who claim in their papers that patterns and technical analysis do not give advantage in trading. The only reason most of the papers about techincal analysis are like these is because people who have found out that the technical analysis and pattern recognition actually works have already made hedge funds, or they just keep them to theirselves making millions with the strategy. Fucking idiots. +Hey Everyone, + +I’m looking to learn how to day-trade and after using thinkorswim, I suffered more losses than wins. I saw the wiki, but are there some must-read books you could wholeheartedly recommend over others? + +When it comes to trading, I’d like to learn about the various methods, vocabulary, etc. I tried following various traders on YouTube and Twitter, but still annoyed when I lose. + +Also, how do you guys day trade while working at a full-time job? +I am getting absolutely positively destroyed. If I am being honest with myself I don't think I have made a single profitable trade since September worth anything. I have been doing this for 18 months and I just feel like I can't stop spinning my tires. I have one up day then give it right the hell back. Down one day, up next, down. + +I've taken a $25k account to $50k, back to $25k and now I'm at about $5k. I've read everything I can, watched everything I can, tried price action, indicators, it doesn't matter. I can't seem to crack out of this rut. + +I am getting more and more frustrated because I know I can do this and feel like I am so close to finally getting it. I don't think my entries are bad or my stops are too tight. I have risk management down and don't blow up on one trade. It's just been bad trade after bad trade. For instance, I was looking at AMAT and CAT today to do some options trades, took CAT and its traded dead sideways and AMAT has just ripped. It's just continually stuff like this over and over. + +I really feel like I am so close to "getting it". I just can't seem to break this death hold that indicators have on me and making me (what I feel anyways) late on my entries. I keep thinking "oh I better wait", even though its a clear price action signal. I wait for the signal, get stopped out and look back and my entry if I had taken price action was damn near perfect. My issue with price action I guess is that you have to pay more attention to your screen, a luxury I don't always have, but I think its hurting me. + +Can anyone talk some frigging sense into me? I doubled my account using price action because I didn't even know indicators existed and here I am glued to them now. I need to break this habit. For anyone who finally cut the cord, how did you do it? + + +Edit: I am getting a lot of comments along the lines that I don't know what I am doing and I should stop. Some of them worded a bit nicer than others but mostly on the same train of thought. To clarify, I didn't lose my account this year. It was in July of 2020. I had no idea what I was doing. I went all in on every trade, because that is what I thought you should do. As expected my PnL graph was like a seismograph; when I won it was huge, when I lost it was worse. I got stuck all in on at the top on a series of downhalts. Poof, 50% of account gone and then a series of revenge trades after. Needless to say, I stopped trading for almost 8 months, and just did paper. I now have watched and read everything I can get my hands on, trade 0.5-1% sized lots of my account, always use a stop loss, etc. + +If I had to put my finger on where I think I am going wrong it is this: My rules were almost too strict, when there is a bit of nuance needed in trading (that feeling). So, with that, I would be buying stuff up like 5-6 candles in a row and seeing it collapse on me. Gee, I wonder why. Also, options, specifically 1-0DTE SPY options, enough said there. Lastly, credit spreads. I fell in love with the idea of "safe", and then realized with the credit spreads that the R:R was terrible. During the Omicron sell off I had 10 profitable positions all go max loss on me overnight. I have since decided no more credit trades, unless it is something like a butterfly with large reward vs. risk. However, I want to move away from options and am going to stick with shares for 90% of my trades. +I am 23 saving 35% of my income. I hope to retire in my late 30s to 40s. Is it wrong that when I retire, all I really want to do is play MMOs or other video games? I feel a little guilty.. +According to the computershared.net estimate, 65.69m is remaining to buy/drs + +It also estimates 200,400 CS accounts + +That means each account needs to buy an additional average of ~328 shares each + +That is down by 2 shares each since the last update + +At $25/share, itd take $8195 per account to lock the free float + +At $20/share, itd take $6556 per account + +At $15/share, itd take $4917 per account + +At $10/share, itd take $3278 per account + +At $5/share, itd take $1639 per account + +This gives you a picture of how it's very realistic to lock the free float in coming months, and how it becomes easier the more they drop the price +Hello guys, I am in the process of moving to a new flat as we’re struggling with space atm. So I looked around both on Rightmove and Zoopla and found a really nice flat advertised through Leaders. It goes like this, “No deposit option available” I was intrigued and picked up the phone to ask further. the guy on the phone went, yeah it’s a great scheme that replaces deposit! In fact we encourage our tenants to sign up to save themselves from misery. You know how landlords don’t want to pay you back the deposit etc. So these are the rules. +1. You pay up to £50-60 on top of your rent every month for the duration of your tenancy. So if you stayed for two years that’s £1200-£1440. +2. However, you don’t get a penny back in return at checkout. With a traditional deposit scheme after any reasonable deduction you get your money back. +3. here’s the worst thing, the money you pay don’t even cover any wear and tear to the property! You need to pay for it at checkout. So if you had any damages, paint scratches, you pay on top of the existing monthly fee you have paid. Traditional schemes deduct it off your deposit. +4. Now, you might wonder well if you damage it you pay for it? You’re wrong. In the traditional scheme you’re protected from being overcharged as it goes through a deposit protection schemes. With this scheme, landlord can charge as it pleases him! Unless you take him to court by paying hefty legal charges. You don’t pay? You get a high court judgment against you and that puts you in financial ruins. + +Here’s the thing, one might say, as long as you understood what you signing up to.. well I am afraid the agent was lying. He made it sound like the next big thing after Steve jobs apple iPhones. manipulative, pushy and quite frankly desperate. When I further drilled he had the audacity to say the landlord prefers tenants who signs up to their scheme!! Day light robbery this is!! Be careful guys, if you need further details inboxme. +The agent in question is leaders!! +Context, I’m a 17 year old who has been investing almost all of my money from work into index tracking ETFs and a few larger cap individual companies. + +I’m struggling to understand why high inflation leads to decrease in stock price. To me, it seems like if currency is less valuable, and stock value is tied to the value of its company not the value of the dollar, then wouldn’t stock price increase because the value of the company itself did not change? Additionally, more money in circulation means more money available for buying stocks which seems like it would increase demand and thus price. + +Obviously this isn’t how the stock market works, but I’m struggling to understand why. + +Thanks, +-A noob investor +As said, I would like to ignite a discussion about the actual effects of DRS our beloved stonk at Computershare. It has not been broadly discussed, and I am getting the feeling that some apes are feeling like we are loosing a battle..yet I would strongly argue it is quite the oposite. + +THE SHORT TERM EFFECT OF DRS AT COMPUTERSHARE: + +Actively DRSing our shares will not have a positive effect on a short term, quite the opposite. + + It may have an instant positive effect on the price where brokers have to actually find real share certificates and send them out of DTC, where "find" in most cases would mean once their pool of actual GME certificates (if there were any to begin with) is empty, they would need to buy them in the market, where again it is probably routed through dark pools and it has no real effect on price, perhaps IEX buy order would do something but thats another topic. + +Back to SHORT TERM EFFECT, so DRSing will not have the positive effect on stonk price, yet it will remove liquidity, which at first will present the SHFs with more room to manipulate the price, increasing volatility, new lower lows.. + +Which are great buying opportunity for us. + +Once (we are about here IMO) the actual free float is 50% or more locked, the things start to get really volatile, meaning we will start seeing violent swings, mainly to the upside, due to options, covering, news regarding NFTs, Fomo, etc.. + +With every share removed to Computershare, we are in SHORT TERM increasing volatility, and + +ONLY IN LONG TERM, which can happen in the following weeks/months, there will be an event, the so called MOASS, which will be ignited by something like in the VW 2008 SHORT SQUEEZE, where options play by Porsche was the ignition. + +What happened before the LONG TERM EFFECT, was the increased volatility and new lower lows, and that is where we are now, actually. The lower we go, the closer we are, THAT IS THE REAL SIGN, DRS IS WORKING. LOWER THE PRICE, the higher is the number of DRSed shares = the lower liquidity. + +If we were floating in 200-300$..We would not be that close. + +The real sign is the dip, zoom out and you will see it. + +In the end it will all make sense. It already happened once where not many were prepared. VW stopped the squeeze. We are here to change the system. + +We will not let go, until there is nothing left for them to take. + +Be greedy when others are fearful. + +LFG +Friendly advice from a former stock broker. + +If you ever call a broker and they begin asking about why you are placing a trade or what your trading strategy is trying to accomplish…that’s our nice way of saying the fuck are you doing? + +We are professionally trained and can see what trades you are doing. We don’t care about what your giant plans are that “can’t go wrong”. The fact is we have to cover our asses. If you call in with a stupid trade that looks like it will lose money, we can’t simply say don’t do that trade. We are expected to ask question and slowly give you the idea that maybe that trade is shit. We cannot give financial advice or say anything that could be taken as financial advice, but I can ask question about wtf you are doing until you say you don’t know. + +Simply put if you are speaking with a broker and they keep asking questions about your trade, you most likely are placing a shit trade. + + +Ps stay away from penny stock and otm short dated contracts for the love of god +Hello all! + +Some of you asked for an update on the situation in my previous post which you can find here: [https://www.reddit.com/r/UKPersonalFinance/comments/khynh5/well\_thenwhat\_happens\_now/](https://www.reddit.com/r/UKPersonalFinance/comments/khynh5/well_thenwhat_happens_now/) + +January has been a rather long an arduous month! It would seem that no conveyancer in England has ever dealt with this scenario! One of the main responses we've been getting is "we don't really know, normally people sort things out before the Notice to Complete expires". + +So from what I can gather, being in breach of contract doesn't necessarily immediately rescind your contract. The party that breached contract ended up having to send £15,000 to the top of the chain through each conveyancer. Where this £15,000 figure came from, I have no idea. I suppose its based on 10% of the house with the lowest sale value which would be ours at £157,500. Why the party in breach didn't pay the additional £750, I don't really know. Our conveyancer simple said "that's what we exchanged on". Top of the chain gets to keep this £15,000 apparently. + +We were told that the top of the chain had the right to rescind the contract. If they did this it would release us all of our contractual obligations to each other but we would have to pay 10% of the sale price of our respective purchases to our sellers minus what had already gone up the chain from the party in breach (in our case, the house we're buying is £215,000 so we'd have to pay £6500 minus the £750 from our buyer so £5,750 in total). + +We all had to get litigation solicitors for this which obviously isn't cheap so the general gist was that we would have to top up to the 10% plus whatever legal fees the parties above choose to claim back. The idea is that we all essentially sue each other for losses until it gets to the party in breach. We'd all have to pay up front and then claim it back. This would be a pretty big issue for us especially being a young family (early 30's) with a 4 year old, we're not flush with cash but we aren't poor either. + +To try and rebuild the chain and avoid this situation our buyer put her house back on the market to seek a new buyer. We also got a lot of pressure to put ours back on as our house is the cheapest in the chain and was seen as the most saleable. We were told we were legally allowed to put our house back up so we did. Had 5 viewings in a pretty short amount of time but thankfully our original buyer managed to secure someone! Hurray! + +There was some talk about having to pay the 10% anyway in order to rescind the original contract and then set up the new contract in a way were no one would pay a deposit on their purchase. + +We went to see our litigators on Wednesday to get our IDs etc certified so that they could open a file for our case. About an hour after seeing them we received an email with a letter from our sellers litigators stating that the top of the chain have agreed to forfeit their right to 10% of the sale prices of the chain on the condition that we complete before the 12th of February. If we do not complete by the 12th then we go back to having to pay out again. + +So here we are. Chain rebuilt, new contracts signed and as far as we know everyone is ready to complete on the 12th. Hopefully contracts are exchanged on Monday and we can all get on with it and get moved. Its been quite the saga for us. We're pretty sure there is still going to be some need for litigation as the parties above us will be seeking to claim back legal fees, movers fees etc, etc. I guess they'll have to claim those through the chain even though the chain won't technically exist anymore after moving but hey ho, the legal system is weird! + +It seems absolutely mad to me that the party at the top of the chain can hold so much power over everyone! We're lucky they're reasonable people who were probably just as confused as us as to what to do. It also seems crazy to me how much we had to rely on second hand information. We've before very friendly with our sellers and our buyer and have been keeping each other up to date as much as possible. Had we not got their number straight after all this happened we would've been in the dark about a lot of it. + +Sorry this is a super long post! A lot has happened! + +Thanks in advance for your comments. I hope this has been an interesting case study! + +TLDR; was going to have to pay a ton of money to rescind contracts but it seems litigators aren't so bad and we're moving anyway on the 12th...hopefully! :\] + +Edit: Thanks everyone for your comments! :] + +Edit 2: we're in! All went swimmingly today! Our estate agent was even nice enough to reduce their fee significantly because of everything we'd been through. They didn't have too but it was a very nice and appreciated gesture. + +Thanks everyone for you comments and kind words! :] +How this relates to GME is that of course we need the market to crash in order to push the portfolios of shfs into the danger zone where their long positions are no longer worth enough to meet margin requirements against their short positions. + +This is putting all the major players in a jam since they need to get out of their long positions before the mother of all crashes but can’t get out of them too quickly or everything will snowball due to that tremendous pressure on the portfolios of anyone short GME. In my opinion this is why the market has kept pumping to ungodly highs. Turns out all those major players are less competitors than they are part of a cartel, a cartel in which retail is completely excluded. + +Enter the absurd premises for large market drops spread by MSM. We’ll probably see many more of them in the coming days and weeks after huge red days. We’ve got to remember that most retail investors watch mainstream media and more or less believe the general narratives presented there. MSM’s trick will be to leave easily discoverable Easter eggs, like the covid variant fear story yesterday, to compel these retail investors to buy the ‘dip’ of their own accord and thus slowly but surely trade places with institutional investors and become the biggest bag holders in modern history. +[Tesla delivers 308k cars in Q4](https://ir.tesla.com/press-release/tesla-q4-2021-vehicle-production-deliveries). Giving a total of 936k cars in 2021. + +* 308,600 deliveries is a **+27.9%** quarter-over-quarter growth +* **+167%** annualized +* **+70.9%** YoY growth + +Lots of positive news ahead for Tesla this year. Two new factories coming along, Cybertruck production, Tesla bot prototype and advancements in FSD. + +What price do you see the stock reaching NYE 2022? +So my girlfriend is out of town for the weekend and dropped her car off to get repaired. She has a rental car for the week provided to her by her insurance company. I don’t have a car currently, so I took the rental car to go and get groceries. I got rear ended at a red light on the way to the grocery store and the other driver is definitely at fault. I got his drivers license information insurance card. What should my next steps be? I wasn’t on the rental agreement so I don’t think I’m covered by her insurance. Will the rental agency still cover the damages? I just don’t want to make the wrong next step + +Update: My girlfriend contacted her insurance company and the agent sounded fairly confident we wouldn’t have to pay for any of this. Her insurance is going to contact me and my auto insurance company on Monday to work things out. Thank you everyone for all the advice, I honestly would have been so lost without it. +Revenues: $2.79B vs. $2.51B estimated + +Gross margins: 27.9% + +Have $3B of cash on hand. + +https://www.cnbc.com/2017/08/02/tesla-second-quarter-earnings-2017.html +I know everyone is frustrated with how bad the regulatory system seems to be captured by the financial institutions. It's so bad that there's even a Wikipedia page describing [Regulatory Capture](https://en.wikipedia.org/wiki/Regulatory_capture) as "a form of corruption" where "a special interest is prioritized over the general interests of the public" *(e.g., Wall St profits).* + +You might remember my previous post, [The Fox is Guarding the Hen House: The SEC is allowing the OCC unlimited access to money in pension funds and insurance companies](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/), where the SEC greenlighted the OCC to access unlimited amounts of money from pension funds and insurance companies. As frustrating as it may be to comment and have the relevant authority appear to ignore them, let's talk about *why comments matter*... + +https://i.redd.it/36y9kd0p3mt91.gif + +Ultimately, it's a set up for an I TOLD YOU SO moment. You may be familiar with working for people that make stupid decisions despite warnings not to. There's even a saying for it: "You can't stop people from stuffing beans up their nose." ([Wikipedia](https://en.wikipedia.org/wiki/Wikipedia:Don%27t_stuff_beans_up_your_nose), [Medium](https://medium.com/uie-brain-sparks/beans-and-noses-21c16ac5cade)) Comments are how we the public can warn those in authority against stuffing beans up their nose. Will they? Absolutely. + +Despite [over 200 comments](https://www.sec.gov/comments/sr-occ-2022-803/srocc2022803.htm) to the SEC against letting the OCC tap pensions and insurance companies for unlimited amounts of money, they did it anyway ([SR-OCC-2022-803 34-95670](https://www.sec.gov/rules/sro/occ-an/2022/34-95670.pdf)) -- which puts the SEC on record for having to justify their decision. + +[SR-OCC-2022-803 34-95670](https://www.sec.gov/rules/sro/occ-an/2022/34-95670.pdf) was an OCC Proposal made to ensure the OCC can manage a Clearing Member default: + +[SR-OCC-2022-803 34-95670 pg 2](https://preview.redd.it/9zfc00qz5mt91.png?width=1782&format=png&auto=webp&s=26baddac951399b2086d800237929ffc629e5a3f) + +In order to manage a member default, the OCC raised $1B (*cue Austin Powers "One Billion Dollars" meme*) starting in 2020. Except that was not enough to meet the OCC's "increase in stressed liquidity demands". + +[SR-OCC-2022-803 34-95670 pgs 6-7](https://preview.redd.it/i41eu7mnemt91.png?width=2310&format=png&auto=webp&s=acd08035b68aa9536729213c103d5b275ebd07c2) + +Now, in order to manage a member default, the OCC asked for and got [*unlimited*](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/) access to money from more sources (aka *diversify its base of liquidity providers*), including more **pension funds and insurance companies**. + +[SR-OCC-2022-803 34-95670 pg 5](https://preview.redd.it/xb4yn4cg6mt91.png?width=1830&format=png&auto=webp&s=f4f9c756a15bc82cf85d34e1cb9ab4e60eb8d7a3) + +The OCC told the SEC they want to tap pension funds and insurance companies "**as an alternative to selling Clearing Member collateral** ~~under what may be stressed and volatile market conditions~~" **during a market crash** (FTFY). + +[SR-OCC-2022-803 34-95327 pg 15](https://preview.redd.it/ojsz6h2d9mt91.png?width=1696&format=png&auto=webp&s=b4ffa6257813781c9d6fcd3f3f32fd0139b9480e) + +Realizing the situation, the SEC basically said "oops, the OCC has got all its liquidity eggs in one basket" so it makes sense for the OCC to "reduce concentration risk" by looking for sources of money outside of Clearing Members and affiliated banks (because they f\*-ed), like **pension funds and insurance companies**. And, the OCC should make sure any such pension fund and insurance company ~~suckers~~ "institutional investors" are obligated to enter into transactions to give the OCC money fast -- within the hour. + +[SR-OCC-2022-803 34-95670 pg 6](https://preview.redd.it/rg71rfe19mt91.png?width=1790&format=png&auto=webp&s=0a08ef57bd573eea7b8616417eeb3109381138a3) + +# The SEC's Reasoning + +"Mitigate systemic risk in the financial system and promote financial stability by ... strengthening the liquidity of SIFMUs" basically means "please don't fail during MOASS, the SEC will give you access to as much as money you want". + +[SR-OCC-2022-803 34-95670 pg 11](https://preview.redd.it/j8n8dyljpmt91.png?width=1748&format=png&auto=webp&s=522c03f3e383351153e5ee4072b5e3c956342b7b) + +All based on... ***belief***. *(Can you believe this?)* + +[SR-OCC-2022-803 \(citations within\)](https://preview.redd.it/g1vv9mllrmt91.png?width=4400&format=png&auto=webp&s=81faf1306df62dd85ff93f14f2ac143986a155cb) + +So the SEC isn't objecting to the OCCs plan because as long as the OCC has sufficient collateral to tap cash in pension plans and insurance companies, even with material adverse changes (e.g., Clearing Member defaults), the SEC is hoping to prevent cascading financial system failure from the OCC, a Clearing Company, running out of money when MOASS. + +***And here we thought the*** [***SEC's mission***](https://www.sec.gov/our-goals#:~:text=The%20SEC's%20long%2Dstanding%20tripartite,capital%20formation%E2%80%94remains%20our%20touchstone) ***included protecting investors...*** + +As far as the SEC is concerned for those institutional investors (the pension funds and insurance companies), [*Caveat Emptor*](https://en.wikipedia.org/wiki/Caveat_emptor) (Latin for "let the buyer beware"). + +https://preview.redd.it/ux0a81v9umt91.png?width=1776&format=png&auto=webp&s=30bb20c16a34de2ffaa49f7d65041718b6ff59ad + +**Silver Lining: At least the SEC is working hard to guarantee Clearing Companies like the OCC will have sufficient access to liquidity to pay up.** + +As for where the liquidity comes from, [Kenneth Griffin told us 4 months ago the plan was to destroy pensions](https://www.reddit.com/r/Superstonk/comments/v26rya/moass_confirmed_by_ken_griffin/). So when the blame game is played, MSM will inevitably point at apes who are [on record](https://www.sec.gov/comments/sr-occ-2022-803/srocc2022803.htm) opposing this with the SEC. + +https://preview.redd.it/k7kca9bkwmt91.jpg?width=500&format=pjpg&auto=webp&s=e6785ad936d52911dc4cdfd64f1f5ab3093b4194 + +[Now go comment on the proposed rules at the SEC](https://www.reddit.com/r/Superstonk/comments/y2an0w/sec_reopens_comments_for_several_rulemaking/) +https://www.bloomberg.com/news/articles/2020-02-04/ford-s-forecast-trails-estimates-after-costs-mount-sales-slump + +— Earnings before interest and taxes will fall to a range of $5.6 billion to $6.6 billion this year, Ford said Tuesday, trailing analysts’ average estimate of $7.4 billion. + +— Fourth-quarter adjusted earnings dropped to 12 cents a share, trailing the average estimate of 17 cents. Automotive revenue was $36.7 billion, about $100 million more than the projection. + +— That sweet divvy skyrockets from 6.5% to 7.4%. + +Lol. +Guys like CIS turning 30k into 200 million in 10 years. Tim sykes turning 12k to over a million in college. Are these guys able to achieve this amazing figures because of pure luck? + +Based on my calculations, it is possible to achieve 20-30% increase in portfolio per year by careful choosing the best stocks. But even painting a rosy picture of 30% gains annually for 10 years. 30k would turn into 413k, nowhere near 200 million that CIS has or what tim sykes achieve with his time in college. + +I think these stories are gamblers who really used alot of leverage and got "lucky" making it big. Either that or they managed to be lucky in picking a stock that performs exceptionally well like 1000% gains or more and they pyramid it aggressively. + +Thoughts? +I raise my 11yo child alone. For a few years I’ve been quite frugal to save money for our new place and I’ve been able to rent out my previous place, turning it into my first rental property. + +My close friends and family know that now I own a rental too and usually the reaction I get is jaws dropping. (We live in Switzerland and I come from a 3rd world country, so what I have achieved is not typical) + +I heard back from my son’s friend’s mother that my son shared with them that I rented out our previous place. + +I talked to my son about not sharing beyond close friends and family because if we give too much details, it draws attention to our financial success and there’s no need to overshare. He said in this case he could clarify that I had to take out a mortgage. I said he doesn’t need to discuss any of it + +I don’t think I’ve done a good enough job explaining our current situation nor how much can he share. + +What would you do? How much do you share with your kids and how much are they allowed to share? Do they understand why money matters are best kept private? +So after a hospital stay my bill was 230K but my insurance was kind enough to knock it down to only 8k (a steal!). On the bright side (sort of) I have maxed out my out of pocket maximum so I'm looking at what I can take advantage of while it's free. I'm 42 years old, fairly active so I have a lot of nagging knee and shoulder stuff so I'll definitely get physical therapy. Are there any other general checkups/procedures/services I should be taking advantage of while my insurance covers 100% of the costs for the rest of the year. +So, we've all been here for what seems like forever and it really, REALLY seems like we might actually be near the end game. I got in originally as I'm sure many of you did during the pop in January 2021, at that point I was like "Hey, maybe I'll make myself a couple grand and buy something cool and move on". Well, the unimaginable happened and blatant stock manipulation happened in front of our very eyes... It couldn't had been more obvious that we were being told to stay in our fucking lane and this isn't your world, thanks for playing, better luck next time. Well, I never left... I didn't add to my position at the time as it was spiraling down but I never sold the whole 5 shares I was ALLOWED to buy through Robinhood for like $320 and watched it go to $40. Knowing what had happened, I was prepared to watch it go to zero because I was holding based on principle. + +Now having had a year and a half with all of the DD presented to me, I've bought and bought and bought some more. My principles still stand, I will not sell a single share until I know that I can help turn people's lives around. We have a chance here to be the difference... This is literally a once in a lifetime opportunity, don't squander it for possessions, instead, let's make this a better place for all of us. + + +Also, sorry for the text wall. +I understand that shorting costs interest on the loan, but that's all I'm coming up with. + +As /u/ReadThinkLearn pointed out, it may just be in a temporary losing streak. +My algo strat is coming along nicely. Good metrics. Net profit backtested 204% annually; 80% win ratio; 4: reward to risk ratio. + +Good stuff, but I haveva 28% max drawdown (eeck) and not yey beating buy and hold (missing by 5% monthly). + +Using weekly charts on a leveraged ETF. Backtested 8 years (all the time ETF has been in existence). + +My Sharpe Ratio is only 0.35. + +My question is do you throw out a strat delivering 200% per year net profit with a max drawdown of 28% if the Sharpe Ratio is well below 1.0? + +Follow up question. How hung up should we be on beating buy and hold with such good performance? + +Thank you in advanced for helpful thoughts from experienced devs. + +d7 + +My background. Expert trader of 22years (former institutional trader) and founder of a stock trading education company. +Hi guys, could you rate my bot's performance? I used every tick last 12 months, EURCHF + +https://preview.redd.it/wezlrej38tm61.png?width=898&format=png&auto=webp&s=fd942ca2f1082ac66f52e2702566319543964044 +Some background info: I'm new to algotrading, but for the last month or so I've been backtesting different strategies on Tradingview after getting access to a pack of like 8 different ones. As might be common amongst traders my expectations are often too high when I discover new opportunities. However, I quickly became more grounded after playing around with the strategies and seeing them all giving very poor results even if applied to the same timeframe and instrument as was shown in the videos promoting them. I realised I needed to spend like 1-4 hours of adjusting settings to find one bot that's been consistently profitable over multiple months. The bots I like the best are on the 5 min or 3 min timeframes on either forex or crypto. + + +When I read about others experiences with automated trading I get a little discouraged. For instance the youtuber that's distributing these strats got a Discord, and from the little discussion about results I've seen, not many are finding significant success. But the way people backtest these strategies and how they apply them can vary a lot from person to person. Most that are on the discord do not have access to the strats, but are just there to talk trading. So it's still a bit of a mystery to me how profitable these automated strats truly can be. + +On [this thread](https://www.reddit.com/r/algotrading/comments/uoytss/how_is_your_strategy_doing/) on this sub it seems like most get between 10% and 30% \*per year\* on a portfolio of algorithms. It has to sound ridiculous that this was the minimum amount I hoped to gain \*per month\* with 7-10 forex bots. \*sigh\* + +\*\*(If this post is TL;DR, start from here)\*\* + +Here's an example, can you tell me if this is somewhat realistic?: + +I apply a strategy to the chart and play around with the settings till I find something that fits my standards: atleast 10% per 30 days (not weekends for forex), with an average max drawdown of 5%, and average profit factor of like 1.5-2. This ofc includes leverage. I use the backtest trick to test more than the 10k candles I get with the pro plan, so it gets tested on over 5 months worth of price data. + + +To be more realistic I don't expect the strategy to actually give me that much over the next months. Let's say over the next four months it gives me an average return of 6% per month before I need cut it off (because bots tend to not give the same results forever, maybe because of changing market conditions and such). + + +Is this realistic? Or is the profitability I saw in the backtest just a lucky random find that happened to produce nice profitability over those months worth of data, and I could just as likely lose money on it over the next months? Is it just random luck? Isn't the chance of profitability greatly increased if the same strategy with slightly altered settings work on multiple pairs? It would be like having a more comprehensive backtest. +A. No random penises and buttholes being posted to the market that would make the marketplace and GameStop look bad + +B. Stolen art shouldn't be an issue, and if so, will be quickly tracked down and user won't have access to sell on market anymore + +C. No low-quality NFT's. The marketplace will be a museum of content, hand-picked by GameStop pro's in charge. The GameStop seal of approval will make this marketplace miles above any other. + +D. Besides just art, the marketplace will be filled with varying types of NFTs for all sort of purpose use, from small and big companies alike. + +E. All of the above will make GameStop the top NFT marketplace in the world, and will be the quality control model that NFT marketplaces needed. + +Have a great Monday, folks! +Bitcoins whitepaper is now being censored across the internet by Craig Wright, who claims to be Satoshi Nakamoto. Now the owner of Bitcoin.org is forced to pay at least $48,600 and remove the whitepaper from the website. Wright is nowhere in the community accepted as being the person behind Satoshi, but he abuses the legal system to claim this. He is also promoting his own (unsuccesful, its more than 200 times smaller than Bitcoin) shitcoin and tries to harm the classic Bitcoin as much as possible. [Download Bitcoins whitepaper here and tell people that he is not Satoshi if they claim he is.](https://www.ussc.gov/sites/default/files/pdf/training/annual-national-training-seminar/2018/Emerging_Tech_Bitcoin_Crypto.pdf) +I typically scalped $AMD, $CSCO, and $ORCL. In my experience, they have enough volatility and low price to scalp effectively, and stable enough to return higher if a position goes against me. + +Are there other stocks you recommend that are predictably volatile but overall stable? Particularly with the recent uncertainty in the market. + +Thank you. +Hi, I am a completely a newbie to day trading. I was always wondering if it is possible to make trades to get only 2% gain. + +My naive calculation say that a 2% gain may lead to 1.02365 which is approximately 2400 factor. + +Is that true. Otherwise can someone please give an advice. + +Thank you in advance. +Hello everyone! I wanted to share some practices that I learned over my trading career that helped in some of my hurdles like being fearful, scared to size up, and many other issues. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Large company contractor, rhymes with T-Rex. Been on the job for 2 days and the driver training me (who also happens to be an assistant manager) backs into an apartment complex's covered parking section, totally obliterating it. I ask him, what was that? He says, nothing just a gutter. He then proceeds to tell me there's no office so we won't need to report it. + +This doesn't sit well with me. I ask him 30 min later if we will be reporting the incident to the general manager. Tells me not to worry about he will do it at the end of the day. + +Continues to drive like a maniac, turning corners so hard packages are flying off shelves and hitting speed bumps as if they don't exist at all. + +At this point I have determined the guy might literally kill me so I called the manager myself to report the incident. Manager seems unconcerned so I tell him I'm not re-entering the truck and have my wife pick me up. + +This evening the manager tells me that I need to pass a drug test before I can come back to work. I'm confused, did I hit the covered parking or did the assistant manager who was driving hit it? You'd assume a felony(?) hit and run would result in a suspension or investigation of some type, right? + +Well guess what!? The self proclaimed concealed weapon carrying assistant manager was not disciplined (edit: this is an assumption due to the fact he's clearly working the next day) and the manager told me to take my time card to him (assistant manager) tomorrow morning. Obviously I declined to work for them further. + +How can I make sure I get paid for the 18 hours I worked in the last two days? + +EDIT Thank you for all your responses. I'm going to reach out to the apartment complex and confirm someone from FedEx contacted them. If nobody has I'm going to file a police report and provide thorough details to the apartment manager. I don't *need* the job money wise, I just got tired of sitting around for 3+ months doing nothing. At my previous job I managed routes for 20+ vending machine drivers and regularly had to deal with these types of issues the correct way. Also worth noting I had about 5 other companies that wanted to hire me after 12 interviews so I have no problem finding more work. + +EDIT2 pics @ https://imgur.com/a/KMx919i -- there was a car below the damage when it happened but he left so quick I didn't see if there was any damage to any vehicles. + +EDIT3 clarification of drug test request - I was hired on after telling them I need a few weeks to pee clean (Marijuana is legal in Washington State). The manager told me it was no problem and I could train without driving until I passed a drug test. After this incident they won't employ me until I pass the drug test first. + +EDIT4 Manager telling me I'm wasting his time following up. +https://imgur.com/a/aaN3M40 + +UPDATE spoke with the owner of the contracted delivery company and he assured me I will be paid and the incident was reported to FedEx and the apartment complex. Still claims there's no HR I can discuss the issue with. I also left a voice-mail with the apartment manager to confirm they did get actually get contacted about the damage. Will do a final update once I hear back. +If everyone came together and started buying the dip we’d force these mfs to buy at a loss. Instead of everyone panic selling and doing what they want. If everyone in this sub put in a dollar that’s almost 3 million in volume alone +I thought I might give a few tips on reducing energy bills since it's a bit of a topic at the moment and prices are expected to increase 20% next year. As a background, my electricity bill is around 50 per quarter for electricity and gas is 150 per quarter, two kids and one adult. We average about 2.9 kwh per day for electricity and live in a three bedroom wooden cottage in sydney. +If you're low income, look into state government energy rebates. I'm in NSW and get a little over 200 a year in energy rebates as a low income earner. https://www.energy.nsw.gov.au/households/rebates-grants-and-schemes/find-energy-rebate + +Optimise the energy efficiency of your housing. I know that's a bit difficult in a tight rental market but north east orientation, thermal mass, cross flow ventilation, double glazed windows etc will massively reduce the energy spent on heating and cooling your residence. We previously rented an apartment and the combination of cross flow ventilation, north facing and thermal mass meant that we never needed a heater and only felt the need to turn on the air con maybe once or twice a year. Current house is an old wooden cottage but the main room we use is north facing and it has double glazed windows. Avoid west facing at all costs but you could plant a deciduous tree to shade any west facing windows if you will be living there long term. If possible, live close to the coast as the weather is more temperate. + +In winter we use uggs, wool underblankets and down quilts. If it gets cold the first point of call is putting on tracky daks. We use down quilts because they're super light and comfortable. In summer pedestal fans are pretty energy efficient and cheap to purchase, using between 45 to 75 w. If you have cross ventilation, get a flyscreen and open those doors and windows, the natural breeze is much more comfortable than air conditioning and it's free. + +Reconsider your dishwasher. I know there are many that will claim that a dishwasher uses less energy than washing by hand but that is debatable. The two sink solution uses little water, one for washing and one for rinsing. (we have only one sink but have a collapsible bucket I take out for rinsing) You also need to consider the energy used to manufacture and ship an appliance that has a lifespan of only ten years. + +Obviously hang drying your clothes is also important and as an added bonus hanging them makes them last much longer. A hills hoist will make your kids' childhoods memorable but if you live in an apartment I highly recommend the four storey clothes racks that fold flat, they can each take a full basket. + +I'm sure there are plenty of other tips people could contribute if you'd like to add some. +Just trying to gauge how much the cost of living will be while I’m at uni. I’m 19 and have worked this year saving 35k and am wondering how feasible it will be to live off 16k a year while studying full time and working part-time. I imagine rent will be $7-8k and food will be just over $4k for the year. I will mostly travel on my bicycle and will try minimise eating out. +Having started reading Tim hales smarter investing book it seems like no one should be taking the chance with anything other than index tracker passive investments so what’s the other side of the coin. + +Active investors - why do you choose active investment and how is it going? +Lots of people talk about switching careers to something less stressful (and presumably less lucrative) after hitting their FI number. For those of you that fall into this group, what do you have in mind? + +Personally, I'd love to find a flexible job that would allow me to schedule my hours when I want. Pilots, for example, can bid on which trips they want each month, but that's not a career you simply pick up. I've been wondering if the baggage handlers have a similar work structure. I'd gladly trade salary for some travel perks :) +This might sound dumb, but what do you do psychologically after you’ve paid off all your debts? + +The easy logical answer is “just don’t get into debt again”, but when you’ve been in debt all your life, that’s the lifestyle you’ve known. Because of it, there’s a counterintuitive feeling of “safety” of being in debt, and an uncomfortable lull of “uncertainty” when you’ve paid it off. + +How do you mentally break that cycle? +If you've made enough to be comfortable for life or live off of a passive income, congrats! But although I've had some great gains, I can't shake the feeling that every dollar I put in today, can/should/will be worth 5-10 in a few years. In the spirit of not investing more than I can afford to lose, I'm not gonna kill my savings, so decided I'll churn some extra sidecoin instead. + +I just got accepted at a job of delivering food, think Door Dash/Uber eats, freelance kinda thing I can just rock whenever I have spare time and energy. Biking around in the sun on my ebike and listening to podcasts while churning out sats or moon shots (rather than rewatching The Office and staring at my charts), is honestly something I'm super stoked about - and since it's covid best practice to just leave the food at the customers door and every interaction goes through an app, even an introvert like me can get this done lol. + +I can't wait to tell my grandkids my own BTC pizza story, that delivering junk food helped pay for their education. I don't have too many crypto junkie friends, so just needed to share with you all. + +Thank you all for your inspiration. + +/shitpost. +The most glaring misperception I’ve noticed, is that a few investors still think this crack-down is about siphoning money from / purposefully harming Western investors. First off, it’s not about this at all. This is about the CCP fixing China’s own internal problems, and capital as a whole (not just western investors) being collateral damage from this. + +For example, many of these companies that were caught in the new regulations, are already dual- listed in the US and Hong Kong. And some even only have listings in Hong Kong or Mainland. For example, the education sector regulations news broke the night of July 22nd (US time). In the days after, the CSI 300, an index of the 300 largest companies listed in Shanghai and Shenzhen dropped over 10%, and over 20% since its February peak. +Foreign investors make up less than 5% of the domestic Chinese market, so this impact hurt primarily domestic Chinese investors + +Additionally, the Hong Kong market is also dominated by mainland investors, with mainland institutions estimated to comprise ~40% of Hong Kong volumes, while mainland retail investors make up another ~20%. These investors are shareholders of many of the Hong Kong listed technology, education, gaming, and property management companies, which also experienced drops of ~20 - 80%. + +The difference in Chinese policies vs. many Western governments, is that China prioritizes the labor and tech components of this equation more so than capital. While labor is made up of the domestic population itself (and the goal of society is to improve the well-being of the population) and technology is used to amplify this output, capital is face-less (or at least belonging most to those who have benefitted from the country’s rise and accumulated the capital in the process, and thus have a “national duty” to help & repay their fellow citizens / country who helped them achieve this success). + +In the 1980’s while China was opening up, Deng Xiaoping famously said “Let others get rich first”. The idea was to allow certain enterprising individuals to generate wealth first, and over time this new wealth would be used to help “backward” areas of the country. The intention was not, to allow some to get rich, and then use this newfound wealth / power to then go squeeze even more profits out of those left behind (which is what the CCP sees many Chinese companies to be doing today). + +Capital is meant as a tool (i.e. fuel) to enhance & accelerate society’s goals, not as an end-goal itself. Versus many Western markets, where it seems that the betterment of shareholders (and putting more money into their pockets) is often the end goal itself. If the well-being of capital must be sacrificed to ensure a better long-term direction of society (higher birth rates, affordable housing, protection of consumer data, a more free-thinking / creative education for kids vs. today’s heavy burden of rote-memorization) then in the Chinese government’s eyes, it’s a worthy trade-off. + +This is especially true if the capital to be impaired is “fueling” the wrong societal goals in the first place – such as high educational costs which discourage births, high housing prices which discourage family formation, keeping delivery drivers’ wages low so as to squeeze profits to line- shareholder’s pockets, etc. In this case, the capital wasn’t being productive anyways, so there’s no loss if the government impairs it (and sends a message to discourage future investment in these fields). + +Know The Plan + +As such, it’s crucial to understand what China’s priorities are first and thus where capital can go to support these objectives, if you want to have higher odds of investing your capital in China safely. The easiest way to understand this, is by studying China’s five year plan (this is a “blueprint” released by the government every five years, setting the goals for near-term government policies). + +In the last five year plan relating to 2021 – 2025 (meeting held in October 2020), the government discusses how it aims to become a moderately developed country by 2035 (i.e. $30,000 USD per capita). It hopes to achieve this via a focus on domestic consumption (and of domestic brands), and by continuing to close the urban vs. rural living standards gap. In terms of innovation, the tone also changes to a focus on the hard-sciences (biotechnology, semiconductors, quantum computing, space exploration, climate technology, etc), and increasing the funding provided to basic research R&D. + +So What’s The Problem? + +Over the past thirteen years, China’s GDP has slowed from ~14% y/y growth in 2007 to just over ~6% y/y today. So why is this a problem? + +Well when the overall pie is naturally growing rapidly, the country can “direct” resources (labor, capital, government policy / support) to specific areas, so that the “newly formed slices of pie” have a greater chance of forming within lagging areas (rural areas, lower-income workers, etc). You can create new prosperity for these areas, without having to take chunks from existing pieces (pieces that already belong to someone else). + +However as GDP growth slows, so too does this ability to create new opportunities for the underserved areas, without affecting the prosperity of existing participants. +Slowing growth wouldn’t be an issue if the problems were fixed during the high-growth periods – but in China’s case, the problems have actually become worse. Income inequality has in fact widened, and the IMF indicates that China not only has one of the worst levels of income inequality among Emerging Markets countries, but also one of the highest rates of worsening over the past 30 years. + +Slowing growth wouldn’t be an issue if the problems were fixed during the high-growth periods – but in China’s case, the problems have actually become worse. Income inequality has in fact widened, and the IMF indicates that China not only has one of the worst levels of income inequality among Emerging Markets countries, but also one of the highest rates of worsening over the past 30 years. + +Generally in countries that experience slow growth, as the pie stops growing, the only way to better your own family’s circumstances and get a bigger piece for yourself, is to take a chunk from someone else’s pocket. +China’s issue is that the starting line / opportunity to do so isn’t equal – those who have amassed a large piece during China’s high-growth phase (either through self-determination, or as a benefit of government support), are more advantaged and now have more power (bigger piece = more resources / access / connections = more power to acquire more pieces from others). These stronger players are always looking to grow too, and because of their advantages, naturally resources accrue to the top (“rich get richer”) rather than flowing the other way around. Hence, this leads to an even wider income gap, and requires an even stronger force (the CCP) to stop this dynamic. + +Historically one of the great equalizers and best ways to get your family better financial footing, was through education. In China (and almost all Confucius-based cultures – such as Korea, Japan, and Vietnam), education is highly prized, and the resources of the entire extended family would be pooled to support the education of a single gifted child (with the idea that when they succeeded, the entire family would as well) + + +This cultural mindset dates back thousands of years, starting with China’s Imperial Examination during the Sui Dynasty (581 AD). This grueling exam was technically open to all levels of society, and helped to promote an avenue of equality in society4. + +“The civil service examination system was an important vehicle of social mobility in imperial China. Even a youth from the poorest family could theoretically join the ranks of the educated elite by succeeding in the examination system. This assurance of success in the examinations dependent only on one’s ability rather than one’s social position helped circulate the key ideas of Confucianism... The hope of social mobility through success in this system was the motivation for going to school in the first place, whether one was the son of a scholar or a farmer... This curricular uniformity had an extremely powerful effect on Chinese society, and the major impetus for this uniformity was the meritocracy promoted by the civil service examination system.” + +If this sounds familiar, it’s because this system is very similar to the Gaokao college entrance exam used today. This exam lasts for 9 hours over several days, and this single test largely determines the rank / pedigree of the college the student is accepted into. While there are certainly valid criticisms of the test (imagine your future being based entirely on an amped up version of the SAT test available only 1x a year), it’s also regarded as the fairest way of screening talent in a population of 1.4 billion people. Regardless if you’re from a rural or urban family, a wealthy or poor family, the test results you get are still largely determined by your own ability (and not how much your family donates to a certain school) + +So given the cultural impact of the Imperial Examination, which lives on today in the form of the Gaokao, and culture emphasis on education in general, where do you think families are going to spend their resources as they grow wealthier? Especially as due to the decades long one-child policy (now abolished), all their resources are focused on a single kid? +Well on average, Chinese parents spend ~$18,000 USD per year on after-school tutoring. Considering China’s average GDP per capita is only ~$10,000 USD, it obvious that the bulk of a family’s resources are going towards their kid’s education, with additional support from the extended family and savings. +The financial pressure on families, and mental pressure on students is intense. Starting in elementary school, 60% of students are already being tutored outside the public classroom (and steadily rising in % for older students), spending several additional hours a day ultimately prepping for the Gaokao. As an example of this pressure, in 2012, images of Chinese students using IV drips to aid them in studying went viral + +But if your kid’s classmates are all using expensive after-school tutoring services, what option do you have as a family? At the end of the day, it’s a ranked test and the better your kid’s classmates perform the worse your own child ranks, so you have to play the game too. +Note: This isn’t only a China problem, but rather is prevalent across East Asia. Ten years ago, South Korea similarly cracked down on its own after-school tutoring system (i.e. “cram schools”), where over ~70% of all students are enrolled. The private tutoring sector alone was equivalent to ~50% of the total public education budget, and the extreme mental stress students faced was often blamed for the high suicide rates and low birth rates. + +It’s clear that China has taken some of the lessons from South Korea, in enacting its own policies. +This dynamic has led to tremendous pricing power among the after-school education companies, which in turn led to these profits accruing to shareholders (EDU & TAL being the most notable). In the CCP’s eyes, the majority of Chinese families are subsidizing and suffering immense pressure, just for these resources to ultimately line the pockets of the few (already wealthy) shareholders. The government sees this as a form of rent-seeking, without adding value to society (it’s a zero-sum game). +It’s also because of this immense financial pressure, that China’s population is declining. It’s an issue for the country, since a smaller working population needs to support a bigger retiree population (who historically, have relied upon offspring as a retirement policy, and elders often live with their adult children). +This despite the one-child policy being modified to a two-child policy in 2015, raising the limit to three-children on May 31, 2021, and being completely abolished just a few weeks ago on July 20, 2021 + +Combined with this, China’s housing prices have also risen astronomically over the decades. There are several reasons for this, including rising prosperity + capital controls & distrust of local stock markets, meaning that excess savings are invested into real estate. Whatever the case, the fact is that home prices have risen ~8% y/y over the last 20 years, and even more in Tier 1 cities (Beijing, Shanghai, Guangzhou, Shenzhen). The rise in home prices have also outpaced the rise in incomes – thus making home-ownership (a cultural prerequisite for marriage in China) ever- harder6. +Housing prices are also intertwined with education, since where you live determines where your kids go to school (much like public schools & property taxes, in the United States). Families in Tier 1 cities are buying up 800sqft shanty apartments for over $1 million + additional renovation costs, just to ensure their (unborn) child will be able to go to a good public school + +High child raising costs, high property costs, and long working hours (9am-9pm, 6 days a week, i.e. “996”) in many tech companies, are creating a unsustainable life for the middle class. These factors are all why marriage and birth rates continue to fall. +So what’s the cultural reaction to this high-pressure, rat-race lifestyle among the younger generations? To give up and “lie-flat” (“躺平”)... The younger generations no longer have the optimistic hope in a better future, and a belief in upward mobility that their parents did during China’s previous decades of meteoric growth7. + +Many Chinese youth are choosing to leave this rat-race, forgo marriage / children, have lower ambitions, move out of expensive Tier 1 cities back to their hometowns or countryside, and prioritize their own time / freedom over material possessions. +Of course, this new trend also worries the CCP, as it creates a negative virtuous cycle, which affects the productivity and future trajectory of society as a whole (especially as China’sgovernment has global leadership ambitions). In fact, the trend is so concerning that the phrase “lie-flat” itself is censored by China’s internet regulators. + +So these are just some of the issues that China’s government are trying to tackle. And viewed through this lens, it’s easy to see that these recent actions are about fixing China’s internal problems, rather than purposefully trying to harm foreign investors (they’re the collateral damage). The country is trying to steer capital towards the fueling the right areas, where it views it’s most needed for advancement and betterment of the country. + +China is a state capitalist system, which by definition, capital is meant as only a tool to serve the interests of the majority of society. Especially with President Xi’s historic 3rd term re-election coming up in 2023 (China’s two-term presidential limits were abolished in 2018), the government is especially cognizant of trying to enact these fixes in a timely manner (which have been generally well-received by China’s broader population in recent weeks). + +If you plan on investing in any foreign countries, you first need to understand the history, culture and context of its people first. This is especially important in China, where the state has greater control over the economy, and the health of the capital markets will always play a subservient role to the greater needs of society at large. Hopefully by providing this background, other investors will at least understand the “rules of the road” better while searching for investments in China. + +Credit goes to Hayden Capital, they are about 65% invested in Asia, and the post i quotes is from [there quaterly letter found here](http://www.haydencapital.com/wp-content/uploads/Hayden-Capital-Quarterly-Letter-2021-Q2.pdf?utm_source=Hayden+Capital&utm_campaign=fefbd0ca3b-EMAIL_CAMPAIGN_2020_02_12_COPY_01&utm_medium=email&utm_term=0_aae4c81ce6-fefbd0ca3b-371858787) + +[r/baba](www.reddit.com/r/baba) +The most glaring misperception I’ve noticed, is that a few investors still think this crack-down is about siphoning money from / purposefully harming Western investors. First off, it’s not about this at all. This is about the CCP fixing China’s own internal problems, and capital as a whole (not just western investors) being collateral damage from this. + +For example, many of these companies that were caught in the new regulations, are already dual- listed in the US and Hong Kong. And some even only have listings in Hong Kong or Mainland. For example, the education sector regulations news broke the night of July 22nd (US time). In the days after, the CSI 300, an index of the 300 largest companies listed in Shanghai and Shenzhen dropped over 10%, and over 20% since its February peak. +Foreign investors make up less than 5% of the domestic Chinese market, so this impact hurt primarily domestic Chinese investors + +Additionally, the Hong Kong market is also dominated by mainland investors, with mainland institutions estimated to comprise ~40% of Hong Kong volumes, while mainland retail investors make up another ~20%. These investors are shareholders of many of the Hong Kong listed technology, education, gaming, and property management companies, which also experienced drops of ~20 - 80%. + +The difference in Chinese policies vs. many Western governments, is that China prioritizes the labor and tech components of this equation more so than capital. While labor is made up of the domestic population itself (and the goal of society is to improve the well-being of the population) and technology is used to amplify this output, capital is face-less (or at least belonging most to those who have benefitted from the country’s rise and accumulated the capital in the process, and thus have a “national duty” to help & repay their fellow citizens / country who helped them achieve this success). + +In the 1980’s while China was opening up, Deng Xiaoping famously said “Let others get rich first”. The idea was to allow certain enterprising individuals to generate wealth first, and over time this new wealth would be used to help “backward” areas of the country. The intention was not, to allow some to get rich, and then use this newfound wealth / power to then go squeeze even more profits out of those left behind (which is what the CCP sees many Chinese companies to be doing today). + +Capital is meant as a tool (i.e. fuel) to enhance & accelerate society’s goals, not as an end-goal itself. Versus many Western markets, where it seems that the betterment of shareholders (and putting more money into their pockets) is often the end goal itself. If the well-being of capital must be sacrificed to ensure a better long-term direction of society (higher birth rates, affordable housing, protection of consumer data, a more free-thinking / creative education for kids vs. today’s heavy burden of rote-memorization) then in the Chinese government’s eyes, it’s a worthy trade-off. + +This is especially true if the capital to be impaired is “fueling” the wrong societal goals in the first place – such as high educational costs which discourage births, high housing prices which discourage family formation, keeping delivery drivers’ wages low so as to squeeze profits to line- shareholder’s pockets, etc. In this case, the capital wasn’t being productive anyways, so there’s no loss if the government impairs it (and sends a message to discourage future investment in these fields). + +Know The Plan + +As such, it’s crucial to understand what China’s priorities are first and thus where capital can go to support these objectives, if you want to have higher odds of investing your capital in China safely. The easiest way to understand this, is by studying China’s five year plan (this is a “blueprint” released by the government every five years, setting the goals for near-term government policies). + +In the last five year plan relating to 2021 – 2025 (meeting held in October 2020), the government discusses how it aims to become a moderately developed country by 2035 (i.e. $30,000 USD per capita). It hopes to achieve this via a focus on domestic consumption (and of domestic brands), and by continuing to close the urban vs. rural living standards gap. In terms of innovation, the tone also changes to a focus on the hard-sciences (biotechnology, semiconductors, quantum computing, space exploration, climate technology, etc), and increasing the funding provided to basic research R&D. + +So What’s The Problem? + +Over the past thirteen years, China’s GDP has slowed from ~14% y/y growth in 2007 to just over ~6% y/y today. So why is this a problem? + +Well when the overall pie is naturally growing rapidly, the country can “direct” resources (labor, capital, government policy / support) to specific areas, so that the “newly formed slices of pie” have a greater chance of forming within lagging areas (rural areas, lower-income workers, etc). You can create new prosperity for these areas, without having to take chunks from existing pieces (pieces that already belong to someone else). + +However as GDP growth slows, so too does this ability to create new opportunities for the underserved areas, without affecting the prosperity of existing participants. +Slowing growth wouldn’t be an issue if the problems were fixed during the high-growth periods – but in China’s case, the problems have actually become worse. Income inequality has in fact widened, and the IMF indicates that China not only has one of the worst levels of income inequality among Emerging Markets countries, but also one of the highest rates of worsening over the past 30 years. + +Slowing growth wouldn’t be an issue if the problems were fixed during the high-growth periods – but in China’s case, the problems have actually become worse. Income inequality has in fact widened, and the IMF indicates that China not only has one of the worst levels of income inequality among Emerging Markets countries, but also one of the highest rates of worsening over the past 30 years. + +Generally in countries that experience slow growth, as the pie stops growing, the only way to better your own family’s circumstances and get a bigger piece for yourself, is to take a chunk from someone else’s pocket. +China’s issue is that the starting line / opportunity to do so isn’t equal – those who have amassed a large piece during China’s high-growth phase (either through self-determination, or as a benefit of government support), are more advantaged and now have more power (bigger piece = more resources / access / connections = more power to acquire more pieces from others). These stronger players are always looking to grow too, and because of their advantages, naturally resources accrue to the top (“rich get richer”) rather than flowing the other way around. Hence, this leads to an even wider income gap, and requires an even stronger force (the CCP) to stop this dynamic. + +Historically one of the great equalizers and best ways to get your family better financial footing, was through education. In China (and almost all Confucius-based cultures – such as Korea, Japan, and Vietnam), education is highly prized, and the resources of the entire extended family would be pooled to support the education of a single gifted child (with the idea that when they succeeded, the entire family would as well) + + +This cultural mindset dates back thousands of years, starting with China’s Imperial Examination during the Sui Dynasty (581 AD). This grueling exam was technically open to all levels of society, and helped to promote an avenue of equality in society4. + +“The civil service examination system was an important vehicle of social mobility in imperial China. Even a youth from the poorest family could theoretically join the ranks of the educated elite by succeeding in the examination system. This assurance of success in the examinations dependent only on one’s ability rather than one’s social position helped circulate the key ideas of Confucianism... The hope of social mobility through success in this system was the motivation for going to school in the first place, whether one was the son of a scholar or a farmer... This curricular uniformity had an extremely powerful effect on Chinese society, and the major impetus for this uniformity was the meritocracy promoted by the civil service examination system.” + +If this sounds familiar, it’s because this system is very similar to the Gaokao college entrance exam used today. This exam lasts for 9 hours over several days, and this single test largely determines the rank / pedigree of the college the student is accepted into. While there are certainly valid criticisms of the test (imagine your future being based entirely on an amped up version of the SAT test available only 1x a year), it’s also regarded as the fairest way of screening talent in a population of 1.4 billion people. Regardless if you’re from a rural or urban family, a wealthy or poor family, the test results you get are still largely determined by your own ability (and not how much your family donates to a certain school) + +So given the cultural impact of the Imperial Examination, which lives on today in the form of the Gaokao, and culture emphasis on education in general, where do you think families are going to spend their resources as they grow wealthier? Especially as due to the decades long one-child policy (now abolished), all their resources are focused on a single kid? +Well on average, Chinese parents spend ~$18,000 USD per year on after-school tutoring. Considering China’s average GDP per capita is only ~$10,000 USD, it obvious that the bulk of a family’s resources are going towards their kid’s education, with additional support from the extended family and savings. +The financial pressure on families, and mental pressure on students is intense. Starting in elementary school, 60% of students are already being tutored outside the public classroom (and steadily rising in % for older students), spending several additional hours a day ultimately prepping for the Gaokao. As an example of this pressure, in 2012, images of Chinese students using IV drips to aid them in studying went viral + +But if your kid’s classmates are all using expensive after-school tutoring services, what option do you have as a family? At the end of the day, it’s a ranked test and the better your kid’s classmates perform the worse your own child ranks, so you have to play the game too. +Note: This isn’t only a China problem, but rather is prevalent across East Asia. Ten years ago, South Korea similarly cracked down on its own after-school tutoring system (i.e. “cram schools”), where over ~70% of all students are enrolled. The private tutoring sector alone was equivalent to ~50% of the total public education budget, and the extreme mental stress students faced was often blamed for the high suicide rates and low birth rates. + +It’s clear that China has taken some of the lessons from South Korea, in enacting its own policies. +This dynamic has led to tremendous pricing power among the after-school education companies, which in turn led to these profits accruing to shareholders (EDU & TAL being the most notable). In the CCP’s eyes, the majority of Chinese families are subsidizing and suffering immense pressure, just for these resources to ultimately line the pockets of the few (already wealthy) shareholders. The government sees this as a form of rent-seeking, without adding value to society (it’s a zero-sum game). +It’s also because of this immense financial pressure, that China’s population is declining. It’s an issue for the country, since a smaller working population needs to support a bigger retiree population (who historically, have relied upon offspring as a retirement policy, and elders often live with their adult children). +This despite the one-child policy being modified to a two-child policy in 2015, raising the limit to three-children on May 31, 2021, and being completely abolished just a few weeks ago on July 20, 2021 + +Combined with this, China’s housing prices have also risen astronomically over the decades. There are several reasons for this, including rising prosperity + capital controls & distrust of local stock markets, meaning that excess savings are invested into real estate. Whatever the case, the fact is that home prices have risen ~8% y/y over the last 20 years, and even more in Tier 1 cities (Beijing, Shanghai, Guangzhou, Shenzhen). The rise in home prices have also outpaced the rise in incomes – thus making home-ownership (a cultural prerequisite for marriage in China) ever- harder6. +Housing prices are also intertwined with education, since where you live determines where your kids go to school (much like public schools & property taxes, in the United States). Families in Tier 1 cities are buying up 800sqft shanty apartments for over $1 million + additional renovation costs, just to ensure their (unborn) child will be able to go to a good public school + +High child raising costs, high property costs, and long working hours (9am-9pm, 6 days a week, i.e. “996”) in many tech companies, are creating a unsustainable life for the middle class. These factors are all why marriage and birth rates continue to fall. +So what’s the cultural reaction to this high-pressure, rat-race lifestyle among the younger generations? To give up and “lie-flat” (“躺平”)... The younger generations no longer have the optimistic hope in a better future, and a belief in upward mobility that their parents did during China’s previous decades of meteoric growth7. + +Many Chinese youth are choosing to leave this rat-race, forgo marriage / children, have lower ambitions, move out of expensive Tier 1 cities back to their hometowns or countryside, and prioritize their own time / freedom over material possessions. +Of course, this new trend also worries the CCP, as it creates a negative virtuous cycle, which affects the productivity and future trajectory of society as a whole (especially as China’sgovernment has global leadership ambitions). In fact, the trend is so concerning that the phrase “lie-flat” itself is censored by China’s internet regulators. + +So these are just some of the issues that China’s government are trying to tackle. And viewed through this lens, it’s easy to see that these recent actions are about fixing China’s internal problems, rather than purposefully trying to harm foreign investors (they’re the collateral damage). The country is trying to steer capital towards the fueling the right areas, where it views it’s most needed for advancement and betterment of the country. + +China is a state capitalist system, which by definition, capital is meant as only a tool to serve the interests of the majority of society. Especially with President Xi’s historic 3rd term re-election coming up in 2023 (China’s two-term presidential limits were abolished in 2018), the government is especially cognizant of trying to enact these fixes in a timely manner (which have been generally well-received by China’s broader population in recent weeks). + +If you plan on investing in any foreign countries, you first need to understand the history, culture and context of its people first. This is especially important in China, where the state has greater control over the economy, and the health of the capital markets will always play a subservient role to the greater needs of society at large. Hopefully by providing this background, other investors will at least understand the “rules of the road” better while searching for investments in China. + +Credit goes to Hayden Capital, they are about 65% invested in Asia, and the post i quotes is from [there quaterly letter found here](http://www.haydencapital.com/wp-content/uploads/Hayden-Capital-Quarterly-Letter-2021-Q2.pdf?utm_source=Hayden+Capital&utm_campaign=fefbd0ca3b-EMAIL_CAMPAIGN_2020_02_12_COPY_01&utm_medium=email&utm_term=0_aae4c81ce6-fefbd0ca3b-371858787) + +[r/baba](www.reddit.com/r/baba) +I'm thinking about opening a LISA. You can put in up to 4K a year and the government will give you a 25% bonus so 1K. This seems incredibly generous so I'm surprised they're not more popular. + +You can use the LISA to buy your first house if it's under 450K. I'm looking in London and I expect I'll be over this limit. + +If you don't use it for property then you can't take the money out (without penalties) until you're 60. As I have other investments in my normal ISA and in a regular account I don't have a problem with this. I figure that I will need at least some money saved for when I'm 60. + +My only hesitation is they don't seem to be very popular. I know an accountant who told me very few of his clients chose to opt into them. Especially for those in the FIRE movement (who are very focused on long term saving) I'm surprised to have not heard more about them and I'm wondering if I've not considered something? + +I've already maxed out my pension so for me the choice is between: + +* 20K in a stocks and shares ISA +* 16k in a stocks and shares ISA. 4K (5K with the government bonus) in a LISA. +Hello UKPF + +I have amassed a nice 95k debt with my previous failed business ventures. My monthly repayment is £1450 + +Since then I’ve sold my car, closed most of my crypto, investments, and stocks positions (apart from 9k in various ETFs). I have part share in a land worth 250k (total worth is 600k). + +My cash currently is: 4k in my current, 0 of which is being saved. + +Cash flow: i have a 47k salary and contribute 170 ish to my pension (with employee match). + +My job offers a flexible pension where they will pay their portion of pension contribution to me in cash rather than match my pension. This would add £172 to my cash flow. Is this worth it? + +Monthly Cash flow details: + + +Income + +- 2825 + + +Expenses (3280 total) + +- 1330 rent +- 100 utilities +- 200 groceries +- 150 eating out and entertainment +- 120 transport +- 1500 debt repayment + + +I’m losing around 600 every month + +What’s my best recourse? Land co-owner doesn’t want to sell. Is the flexible pension option worth it at all? + +Right now, I’m considering picking up a side gig until I get a raise sometime next year. My savings will last that long but a) gambling on myself b) i have no emergency fund + +Edit2: The interest on the debt is fixed and is not growing. Paying off early will not reduce the total amount paid + +Edit: update. i should add that I’m still 27 and young enough to learn my lesson and recover from it but not young enough to throw away a land I plan to build up 5 years down the line. + +I agree with the majority, selling the land will solve the problem and I need have separate conversations with myself, my wife and my mom (co-owner of the land) to see what the best way to proceed. + +At this moment. + +Plan A - reduce eating out/entertainment spending, discuss with my wife on increasing her contribution and to hold off using savings, until my raise comes through (agreed in writing for June 2023) + +Plan B - ask for the loan to be covered for a year and perhaps give an additional share to my mother + +Plan C - sell off my entire share and pay off the loan. Use the profit to finance an apartment and live a normal life. +So I spent a significant amount of time this weekend reading up on FI/RE. I've always considered myself "good" with money but to be honest, I just sent money to my savings/debt and then spent the rest. This past long weekend I took the time to go through all of the financial data that I had available from my banks and fully geeked out on the data. + +The results were eye opening for sure. I'm not as good as I thought I was at saving. I spent a significant amount more than I expected. Many times when I was normalizing the data I thought: "why did I eat out so often?" "What did I buy for $x?" Of course a few transactions sent me through some sweet nostalgia. + +&nbsp; + +Notes: + +* The data starts 2010/August/01 +* I'm currently travelling SE Asia and didn't track the cash spent :( +* As you can see I lived above my means, I ate out, uber'ed everywhere, and bought way to many video games and electronics! +* I'm 30, moved twice, and spent to much time in university/college + +&nbsp; + +Current Net Worth | Current Total Assets | Current Total Liabilities | Current Debt Ratio +---|---|---|--- +(7,315.98) | 8,177.32 | (15,493.30) | -1.895 + +&nbsp; + +Category | Lifetime Total +---|---|---- +income | $176,050.08 +accomodation | -$46,892.67 +food | -$32,330.74 +transportation | -$25,961.79 +shopping | -$24,582.77 +administration | -$9,896.90 +health | -$9,645.19 +utilities | -$9,028.98 +gifts | -$3,304.49 +banking_fees & interest| -$2,735.76 +subscriptions | -$1,094.01 + +&nbsp; + +[Edited in] + +Category | Monthly Averages +---|---|---- +income | $2,047.09 +accomodation | -$551.68 +food | -$380.36 +transportation | -$305.43 +shopping | -$289.21 +administration | -$116.43 +health | -$113.47 +utilities | -$106.22 +gifts | -$38.88 +banking_fees & interest| -$72.99 +subscriptions | -$12.87 + +&nbsp; + +[Raw Data](https://docs.google.com/spreadsheets/d/1I3iYJKI05qtDx6rDoctmaTZYsAt71_ivjpwMUeczgls/edit#gid=0) [Edit 1] + +[Graphs](https://imgur.com/a/WURFY) + +&nbsp; + +After doing this activity I've set a few FI goals to help me pursue before the end of 2017: + +1. stick to my budget that makes sure I live within my means (sorry daily delicious shawarma you got to go) +2. pay off my debt ($14k left @ 6.2%) +3. have $10k of savings (currently at $4k) +4. stay on top of tracking my spending! + +&nbsp; + +Since I need $20k to reach my goals and my salary will make me $16k by the end of the year I'll need to get some side gigs. The reason for this post is mostly to hold me accountable as I embark on the road towards being FI. A bonus side effect of this post would be to convince other lurkers to actually look at their data and make a plan. I'd appreciate any advice you can give to a noob like myself who is taking their first FI step. + +Edit: added monthly averages and a google sheet with the break down. Also my banking fees includes my interest which is in the sheet. Sorry for giving the data in an unclear format. + +Edit 2: clarifying that bank fees includes interest. +Basically the title. I know lots of us are reaching out about limit sell orders and finding that we’re kind of getting backhanded by shitadel getting to set rules on both ends. Jokes on them I don’t even know how to sell a stock, and I’ve disabled my sell button on the off chance I figure it out. When you talk with people from fidelity, TD, schwab, etc. be kind and polite. When they put you on hold do a little happy dance because you’re good at that holding shit. Show them that we are the good. We want the best for people. We care. And we will be loyal to them if they take care of us. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit 1: not fking Robinhood. Get out of there stat. + +Edit 2: whoever gave my first fking award I love you but save that sauce for tendies. ❤️ +I have tried Googling this but am struggling to find an answer. + +Like would there be a point where she would stop receiving it (or still receives it and I get it deducted from my tax) or because I am not the parent does this never occur? + +I just didn’t know if it would be once we got married/moved in together etc. +It is becoming obvious that bitcoin as a protocol is incredibly resilient. The biggest problem we face right now are from bitcoin services that will bring down the bitcoin economy if they fail. + +I am aware of two current situations where this possibility exists today: + +* Mt. Gox claims over 80% of transaction volume. If Mt. Gox fails, we all fail. The solution is to use other exchanges until the balance of power is leveled. Ideally, the top 5 exchanges should maintain about 20% of the market. [This post by Taenk about alternatives to Mt Gox is excellent](http://www.reddit.com/r/Bitcoin/comments/1b9sak/alternatives_to_mtgox/) + +* BTC Guild has had nearly 50% of the mining pool share for all of recent history. If BTC Guild reaches 51% of the market share the mining pool could be used to fork the chain, leading to instability for bitcoin. It is simple to choose any of the other top 5 pools. See: [blockchaininfo chart](http://blockchain.info/pools). + +We must act now and over the long term to ensure that we don't inadvertently threaten the future of bitcoin with poor choices. +I’m curious as to how many per year actually make it to a $1.00. I’m relatively new to investing and I would like to get a realistic view on how many penny stocks get to that magic $1.00 point from around .001? Anyone been around long enough to provide examples and statistics? +These last 10 months have been rough. I feel like I've lost more money in the market since last december than I'll ever make investing the rest of my life. Another 3-4% drop and I'm probably just going to take the L and permanently close my account. For reference I've lost about $65,000 (~33% of my portfolio) since December +Hey everyone, + +I received a rental increase notice recently from our agent, however it's for 6 months in the future (Feb) as we had a rental increase 6 months ago. + +I found this a little strange but then someone randomly sent me an article about rent freezes. + +Do you think they're trying to avoid the posible freeze period by getting us to agree to a rent increase before the freeze is confirmed (if it happens at all). + +Historically they've given me a couple of months notice for rent increases but this one is quite far out so was a little surprised. +It seems like the type of person who would buy a Tesla would be 1) rather well off, 2) environmentally conscious and 3) live in an urban area. These three criteria would indicate that Tesla buyers are often left leaning politically. If you have not noticed, Elon has recently become persona non grata for the left due in large part to accusations of difficult working conditions, lackluster employee compensation and revelations of Elon’s contributions to right wing entities. + +Could this be a problem for Tesla's sales going forward? +Recently Oyster Pearl exit scammed using a breach in the smart contract which led to creating 3M tokens from thin air and the CEO exit scammed by selling it on Kucoin. However, the Substratum smart contract also has the capability to \[mint tokens out of thin air\] ([https://etherscan.io/address/0x12480e24eb5bec1a9d4369cab6a80cad3c0a377a#code](https://etherscan.io/address/0x12480e24eb5bec1a9d4369cab6a80cad3c0a377a#code)) + +That is not the only thing.[https://www.youtube.com/watch?v=qdeOXfvXAO0&feature=youtu.be](https://www.youtube.com/watch?v=qdeOXfvXAO0&feature=youtu.be) + +In this video they supposedly did a token burn, but their definition of token burn is to just send tokens to another wallet in which they own the private key. Their smart contract was a copy paste from skincoin which did not have a burn function. + +When these two topics were brought up the response was: + + +a) this is not a security issue since only the dev team has access to it ( that’s absolutely the problem isn’t it?, you shouldn’t even have access to it, this is like saying only Bruno from pearl can do it anyway!) +b) the blockchain is public anyway so you can monitor any transactions. (WTF?) + +There is absolutely nothing stopping minting tokens + selling the “burned” tokens in an exit scam. Their contract can be abused in a similar function with PRL , In fact the Substratum contact function is even more desirable to abuse since it doesn't require the culprit to send any Eth to collect the freshly minted SUB + +Proceed with caution. + +EDIT: [https://medium.com/@YagamiLight/the-technical-red-flags-of-the-substratum-network-sub-1f34e8b5ffcb](https://medium.com/@YagamiLight/the-technical-red-flags-of-the-substratum-network-sub-1f34e8b5ffcb) + +an article for more info on the subject. credit to YagamiLight. + +As for their excuse that it was in the whitepaper to begin with (its a lie and It also doesnt excuse it) , I found out that they made two whitepaper, a pre and post ico sale. Im still waiting for a response from the moderator. + +[https://www.reddit.com/r/CryptoCurrency/comments/9sp8nt/scam\_alert\_substratum\_has\_a\_similar\_minting/e8rd97g](https://www.reddit.com/r/CryptoCurrency/comments/9sp8nt/scam_alert_substratum_has_a_similar_minting/e8rd97g) + +&#x200B; +How are you all doing? + +I know things are hard right now, but we can make it out together by using what we have learned in our Theta journey. In 2 months we will look back at this period with pride, having come out on top after facing such adversity. + +Please share your thoughts below. +Folks - ATOS is having a pretty good rally since the past 2-3 weeks and looking at the options chain, the premiums are pretty impressive. A $7.50 call with a 07/16 DTE has a premium of $2.35. So buying ATOS and immediately writing a CC brings the price paid to $4.65. If you don't mind holding this bag, this is a good play. +I can't believe how often I do this. Looks like a breakout and suddenly I'm $400 underwater. My remedy, as yet untried, is to wait fifteen minutes before pulling the trigger. Shit hard to do. + +My trades yesterday: + +CPRX +$120 +ADP + $104 +ULTA - $8 +PWR -$19 + +Minervini trend filters; Marketsmith breakout pivot points; $10,000 each position; trading account $150,000. + +https://preview.redd.it/vr8b6kqjzo3a1.jpg?width=944&format=pjpg&auto=webp&s=f1b4446fa87a38ce1e637353026a21d62ee6ea67 +I've been wondering about this for a few days... I know that market always connects buyers and sellers and everyone has a price they're willing to buy or sell their BTC...but am really wondering what is the maximum price a Bitcoin could ever reach. + +In the long run, if we assume mass adoption and BTC still King, with holders being diluted, the market fully stabilized, people receiving their wages in BTC etc..... How high could it ever go? + +Thanks a lot for your inputs and sorry if this is a stupid question. + +Edit: Didn’t expect so many replies on this but am glad to read all of them and also have learned a few things with this post thanks to all of you! All the 69’s and 420 something just warm my heart. Bless you all. +PREFACE + +I used every card available to my area for 1 month minimum. + +&#x200B; + +**CRYTPO . COM CARD** + +&#x200B; + +https://preview.redd.it/g55k22htiji71.jpg?width=1833&format=pjpg&auto=webp&s=ace2c84a4446b00e394a962ac0ff83a1dadac5b3 + +[https://crypto.com/us/cards](https://crypto.com/us/cards) + +There are a few different options for the user to choose from. There are also a few added benefit as you go up the tiers. It allows you to continue to DCA in to CRO ([crypto.com](https://crypto.com)’s) native token. Rewards start at 1% on every purchase and go up to 8%. The rewards are in CRO. In order to get a card you have to have a certain threshold of CRO staked. + +For this experiment, I staked $400 and got a Ruby Metal card. The Ruby card gives you 2% back in CRO and also reimburses your Spotify membership. You can withdraw up to $400 from an ATM with the Ruby card. + +First, the card quality is really nice. I love the metal design. It feels very premium. It interacts with the [crypto.com](https://crypto.com) application seamlessly. The beauty of this card is definitely not lost on people in stores. This sparked up a lot of crypto conversations with various people in stores/public. + +Secondly, the Ruby card offers 2% and a free Spotify subscription that is paid for in CRO. The great part about this is that as you grow your account, you can upgrade your card to Indigo or Jade and get 3% back and also get Netflix paid for. Feel free to follow the link above to all of the cards and their options. + +Overall, I liked the card and the experience I had. I think there is a lot of really great features and allows you to spend your crypto through the card. I recommend this if you are a big [crypto.com](https://crypto.com) user and believer in CRO as a network. + +**7/10** + +**Blockfolio by FTS US CARD** + +&#x200B; + +[FTX CARD](https://preview.redd.it/dz1ql036jji71.jpg?width=750&format=pjpg&auto=webp&s=99f16fa83183f9caad47f9b6812751112b9b538d) + +The FTX card allows the user to spend any crypto they want using the balance in their FTX account. The beautiful part of the FTX card is that there is no fees to do this. + +The card is plastic and does have a nice design on it. The card also has a chip and is easily managed right inside the FTX application. There is one caveat though. This card, at least during my time of using it, does not have any rewards. In a market where most of the other crypto cards have at least some kind of reward, I found this off putting. + +What does it do right? + +It is super easy and free of fees. There is also a really nice 8% APR on FTX. If you are a regular spender of crypto to fiat, there are other options that would be better. For the occasional hodler, this is a super easy, convenient way to spend your crypto. + +**5/10** + +**FOLD** + +&#x200B; + +https://preview.redd.it/fyxpzk54kji71.jpg?width=1264&format=pjpg&auto=webp&s=4972307a01427e66fff12853c7eada2598c1f9c0 + +The FOLD card. There are 2 different cards. The “Spin” and ”Spin +”. + +[https://foldapp.com/fold-card-plans](https://foldapp.com/fold-card-plans) + +This card markets a 25% to 100% back in rewards. The rewards are paid out in BTC. If you are wanting to stack sats in every way possible, this card is a solid option. I do recommend reading the terms of rewards though. It’s not just a 25% on every purchase type of situation. There is a daily spin that you get that can reward some extra sats, spins, etc. Overall the platform is okay at best. It isn’t linked to an exchange in the same way that the other cards in this list are. + +The card came pretty quickly in the mail and allows you to fund your card with fiat instead of crypto. This card is essentially a fiat pre-paid debit card that rewards you in sats. The card itself is plastic and bright yellow. I honestly hated this card. It was a pain in the ass to build up rewards and an even more pain in the ass to redeem them. Of all the cards in the list, this one is by far the worst. + +**2/10** + +**COINBASE CARD** + +&#x200B; + +https://preview.redd.it/7vfpcxhelji71.jpg?width=909&format=pjpg&auto=webp&s=9bf56bdbdb8fe1e83737ef9b068b7b31907655d6 + +[**https://www.coinbase.com/card**](https://www.coinbase.com/card) + +The Coinbase card is tied directly to your coinbase account. There is no staking or any barrier for entry. There is a waitlist inside the coinbase application. I waited for a few months before I was able to get the card. The card allows you to get up to 4% in rewards. There are various coins you can be rewarded in but if you elect to receive 4% in XLM you can change the XLM to any crypto for no fee. + +The only negative that I found from using this card was the conversion fee from converting crypto to USDC. It’s not a bad fee but it is a fee nonetheless. The card itself is plastic and minimal. Nice Coinbase blue. You can add the card to Apple Pay which makes online shopping super easy. + +Overall, I love this card and continue to use this card today. The integration with the Coinbase application allows you to seamlessly buy, sell, spend your crypto however you want to. If this card had no fees like the FTX card, it would be perfect. + +**9.5/10** + +**BITPAY** + +&#x200B; + +https://preview.redd.it/aratzuxdmji71.jpg?width=826&format=pjpg&auto=webp&s=5ea1c8aab61d5210139af52adf9fadf07ad6a847 + +The BitPay card is reliable, seamless and gives you a little more control. You can use BitPay as an exchange if you want. It offers you the ability to pay with a few different cryptos in an easy to use application. + +The card is plastic in a nice navy blue color. + +The biggest issue I had with this card/app was the amount of fees. This application is more decentralized so you will have to pay gas fees to exchange crypto. ETH fees being super high made this a nightmare. + +Overall, it is easy to use but the fees and the lack of rewards make this a pretty bad card in general. There are just way better options. + +**4/10** + +&#x200B; + +I recommend the [Crypto.com](https://Crypto.com) card and Coinbase card above everything else at this point. I will update if I use any others. +Hey everyone, I'm interested in what you all have to say about this. I have just recently started researching REITs and have been wondering if they are a good alternative to investing directly in rental properties. What are your thoughts? +Good morning, good afternoon and good evening my fellow retards around the world. + +I know many of you are more like [this](https://www.reddit.com/r/wallstreetbets/comments/k77i69/wsb_reading_citron_reports/) if it comes to reading DDs. But I wanted to explain a few things with the ultimate aim, that you dont need to do read any more DD but rather can do your own DD. As most of you cant read anyways, Ill put a TLDR with symbols at the bottom. So here we go. + +# General squezze theory (I know a lot of words but reading will make you a big brain 🦍) + +There are two types of squezzes: + +* short squezze +* gamma squezze + +**Short squezzes:** + +Evil Hedgefunds and MMs sell a stock, which they dont have, in hope they can buy it back cheaper. Now price goes up --> Hedgefunds have to cover to cut their losses. Otherwise there is the risk of unlimited loss, as stock price can go up infinitely. If they wait to long they get margin called, because their broker is in fear that they cant cover anymore. And no one wants to get [margin called](https://www.reddit.com/r/wallstreetbets/comments/k9v5e9/that_margin_call_notification_at_3am/). + +**Gamma squezzes:** + +Evil MMs (and others) sell far OTM call options. Now price goes up and suddenly those options are ITM. MMs now have to buy the stock to cover their sold options making the price surge once again bringing new formely OTM options ITM, which then again leads to the price surging. This feedback loop is called a gamma squezze. For this to happen you need to have high numbers of OTM option sold at certain strike prices. Just enough, that the next strike price is reached. It is more likely that lower strike prices are reached. MMs know that, hence they have already hedged some of there sold OTM options with these lower strike prices. This is called Delta Hedging. That means you need higher number of OTM options with lower strike prices then of those with higher strike prices to keep the Squezze going. + +If you want to go even deeper I suggest you look at u/Natural_Profession_8 [post](https://www.reddit.com/r/wallstreetbets/comments/lz8mgr/a_deepdive_on_the_actual_math_behind_gamma/). He also did a formula, which you can use to calculate how to have the biggest leverage with option buying, meaning forcing MMs to buy the most shares with the purchase of option with a certain strike price. + +What you always need to keep in mind for both kinds of squezze that the price run up to trigger the squezze has to be rather fast. Otherwise, there is more time to cover shorts or hedge options and hence having less effect on the price. + +# Applying this to the current GME situation + +**Short squezze:** + +Im sorry to say that, but I dont think a squezze solely because of shorts covering will be happening any time soon. You have all seen how the short interest has dropped tremendously from the previous legendary 226%^(1) within the last to reporting dates to now 60%^(2). + +^(1: 01/14/21,) [^(Yahoo Finance)](https://finance.yahoo.com/quote/GME/key-statistics?p=GME) ^(with Morningstar data, which suggests a Float of roughly 27M shares) + +^(2: 02/11/21,) [^(Yahoo Finance)](https://finance.yahoo.com/quote/GME/key-statistics?p=GME) ^(with Morningstar data, which suggests a Float of roughly 27M shares) + +*"But there was no volume?".* Just look at the numbers. GME had a average Volume of 40.49M per day over the last three months. As a stock with roughly 70M shares outstanding thats a lot.^(3) AMZN had a 3 months average volume of 3.73M per day with roughly 7x the shares outstanding of GME.^(4) There was enough volume. + +^(3:) [^(Yahoo Finance)](https://finance.yahoo.com/quote/GME/key-statistics?p=GME) + +^(4:) [^(Yahoo Finance)](https://finance.yahoo.com/quote/AMZN/key-statistics?p=AMZN) + +*"But what is with the institutional ownership?"* You all probably all seen these posts, where its said "Institutions solely hold xTimes Outstanding shares of GME. So there has to be massive short interest." (e. g. see [here](https://www.reddit.com/r/wallstreetbets/comments/lz77ix/gme_total_shares_owned_is_145m_according_to_finra/)). But what most of these Posts are missing, that there often reporting delays in between ownership filing, which is causing these high numbers. If you compare it again to AMZN, you also have institutions owning 1.5x of shares outstanding. With a company called Russell Investments Group, LLC owning over 80% of AMZN shares.^(5) That should show you, that these FINRA numbers arent correct all the time. Especially with high volumes like in GME, there are a lot of Duplicates because of reporting delays. + +^(5:) [^(Finra)](https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P000000B7)^(, Tab: Shareholders) + +With that being said, the amount of GME shares hold by Institutions still seems suspiciously high to me. And there are other things like the reported 111% Short interest in XRT^(6) or the still abnormally high Short interest in GME. That means remaining shorts could still be a nice catalyst for a possible gamma squezze. + +^(6:) [^(Etf channel)](https://etfchannel.com/symbol/xrt/) + +**Gamma squezze:** + +A gamma squezze, often underestimated compared to his brother the short squezze. But I think this was the main reason for the surge in January and the surge last week. Especially last week was probably a well set up and executed option chain by big whales. + +*So how can 🦍🦍🦍 profit from a gamma squezze?* Just take a look at the current option chains. u/indonesian_activist did a great [excel sheet](https://www.reddit.com/r/wallstreetbets/comments/lxkeg0/repost_gme_squeeze_calculator/), where you can see how many shares MMs have to buy if GME reaches a certain price. Just type in the current price and the projected price. + +^(Note: I did update his excel sheet with the new data, which you can find) [^(here)](https://drive.google.com/file/d/1ZYGIff3Iq7UNyo88SVevj32rcYs0oqlS/view?usp=sharing)^(. Also I added, an option on the cover, so that you can decide which Option expiring dates you want to include.) + +*But how many shares are enough to cause a gamma squeeze?* This is really hard to say, but according to u/CoastalHotDog835 [post](https://www.reddit.com/r/wallstreetbets/comments/lycj6f/gme_dd_part_2_taking_a_look_at_the_0603_calls/). Last weeks surge had the following option volumes: + +>*1.86M shares at $55 = $102.3Million* +> +>*2.90M shares at $120 = $348Million* + +So these are probably numbers we need to see again. + +^(Note: These are just two Strike prices. I can not say how much other options with other strike prices e. g. 100$ played a role nor do I know how high their volume was. Unluckily most sites dont have data for the past.) + +*So whats the current situation with GME options?* + +For the options expiring the coming week, we need to have at least a doubling of the price to see the same amount of shares having to be bought by MMs compared with last weeks 55$ calls. + +^(Note: It is not fully sufficient compare these two numbers. On the one hand in the excel there are shares already hedged deducted, which decreases the numbers of shares. On the other hand there are not only options included with the projected strike price but all options. I hope, in the absense of better numbers for the option volumes of last week as already stated above, that these two effects could equalize each other.) + +&#x200B; + +[Shares need to be bought by MMs if GME hits 300$ for options expiring 03\/12](https://preview.redd.it/jm8qjkjveml61.png?width=1488&format=png&auto=webp&s=541ebeaac563fad9fa536ba770d98f0566acc967) + +But for the week after that it looks a lot better. Only a price of 190$ would be needed to see the same amount of shares having to be bought by MMs compared with last weeks 55$ calls. This is only a value increase of roughly 40%, which is very well possible. Especially if we really have some big whales on our side like, what is seeming to be the case. + +&#x200B; + +[Shares need to be bought by MMs if GME hits 190$ for options expiring 03\/19](https://preview.redd.it/0rtacqi7fml61.png?width=1474&format=png&auto=webp&s=da36500a6dc4406d36a091a687b722d22b40cccb) + +I may be adding some more analysis thoughts later. But I will wait with that until I know people are actually reading this. + +And of course no financial advice! + +EDIT: Someone in the comments has pointed out that I actually misspelled Squeeze. Sorry for that. So you see Im also just an 🦍, who cant write. + +**TLDR: If GME 190$ until 03/19-->🦍🦍🦍 on 🌕 🚀🚀🚀** **^((possibly))** +I'm not asking for a projection (guessing), and hope to invite some real experience. + +It would be welcome if you can share the age (range) and a ballpark figure of NW to help the reader, but it's optional. Any surprise is welcome, good or bad. + +What surprised you the most in the first 1-2 years of FatFire Journey (after you pulled the trigger)? +US citizen by birth, but never been there and 0 connections to that country. + +Having to declare and pay taxes was annoying enough so far, but thanks to credit etc not a huge issue. + +However now it's becoming more and more apparent I'm hitting the start up lottery big right now. + +But why should I give 20%+ of what I worked my ass off for to the tax office of a country I never set foot in? + +Since I don't plan on ever moving to the US the only logical solution for me is to give up citizenship. Already informed myself, but now I'm interested whether anybody has went this path? What were your experiences? Opinion? Advice? +[https://asia.nikkei.com/Opinion/Hong-Kong-security-law-is-going-to-devastate-its-economy](https://asia.nikkei.com/Opinion/Hong-Kong-security-law-is-going-to-devastate-its-economy) + +**Commentary:** + +The freedoms given to Hong Kong as a largely autonomous region helped make it a thriving center for international banking and finance. The new national security law is already creating uncertainty and greatly undermines the pillars with which the majority of Hong Kong's status is based upon. + +With China effectively choosing the nuclear option by taking direct control of the region, I can't see any way in which Hong Kong will feasibly be able to continue acting as the international mediator of trade it has been for decades between Asia and the rest of the world. + +My only guess as to why China would be willing to go so far seems to be that at this point, they've become resigned to having to largely give up on Hong Kong as a continued economic center. I think the final result will have to depend ultimately on whether the US chooses to revoke Hong Kong's special status. + +In a scenario where no sanctions are placed, it's possible that Hong Kong might be able to come out of all this in one piece. Given the current trade tensions between the US and China, however, it seems unlikely that nothing will just happen. + +**Edit:** It seems like I was right. Announced around thirty minutes ago, [The U.S. has certified that Hong Kong is no longer politically autonomous from China](https://www.bloomberg.com/news/articles/2020-05-27/pompeo-finds-hong-kong-is-no-longer-autonomous-from-china) +It seems if a teenager announces here on reddit that they are in high school and want to invest their $, at least one person chimes in to basically blow all the $, then it gets upvoted like crazy. If they are in college, THEN all the traditional save $, get out of debt advice becomes more popular. + +Shouldn't we be setting a good precedent even more so if they are so young? I recall calculating my savings at compound interest rates on a calculator when I was only 10 yrs old once I learned what compound interest was, and was excited to get started. I still had fun with friends, rode my bike, and did all the fun things kids enjoy but had some financial ambition was all. It didn't get nurtured and I ended up badly in debt in my early 20's. I'm doing well now, but it took so many more years to climb out of some bad choices than it took to get into them. Influence from others was a HUGE factor. + +Edit: I see this advice in both financialindependence and personalfinance +For those of you living in either of these states have you seen as much of an exodus to these places as the media portrays? Do you feel it’s more temporary or permanent? If this is real, is it negatively impacting the quality of life down there through more crowds and dramatically higher prices? + +I think this is pretty relevant to the fatfire crowd looking for other states to settle down in these days. +I went to the ER in June, and found out shortly after that the doctor that attended to me was out of network. The office that represents the ER doctor sent me a bill for $1032. I looked at my United Healthcare account and saw that they paid the hospital for all of the ER charges as well as a separate transaction paying the ER doctors office the $1032. I downloaded the receipts and called the office to ask where I could send it too. Emailed a copy over immediately. + +2 months later, I get a letter saying it’s my final notice to pay them $1032 by 2/11 or else they’ll turn me over to a collection agency. I’m in the middle of trying to buy a house and can’t take the bogus hit on my credit score (currently a 760). I’m going to call them on Monday prepared to fake cry until they expunge it from my account, but if they keep “forgetting” to remove it from my account, what can I do? + +Edit Update: I talked to someone at UHC that was super helpful! She said that they sent the doctors billing office a letter back in June asking for additional details, but hadn’t heard anything. She asked if I’d hold while she called the billing office on the other line. After about 5 minutes she told me she was still on hold but would call me back as soon as she got through to them. + +20 minutes later, the UHC lady called me back. She said that when she finally got through and introduced herself as a UHC employee calling on behalf of a patient, they hung up on her. She said she’d try them again later when she had time to make outbound calls. + +So it’s not resolved yet, but we’re on the right track! I’m going to call UHC tomorrow to see if they’ll try again. +I am relatively new to the market but I think people screaming from the rooftops that "the bubble is popping!" and speculating that this is the end of the bull market are helping in creating a self-fulfilled prophecy (in part - I understand there are other factors). + +It is good to be cautious. Have some money set to the side. Keep an eye out if it continues to go down and make a well thought out plan (as opposed to a rash, fear fueled plan where you blindly panic your money away). However, adding to the frenzy and panic doesn't really seem beneficial. + +So if tomorrow is another red day, what is your plan? If you are going to buy on the dip, what are you going to buy and why? If you are going to start selling some of your shares, what are you selling and why? What are some tips you have for newer investors to help stay calm when you just see a sea of red when you wake up? +I'm finding myself in my 4th year of an undergrad in business - Finance major. I don't have a particularly high GPA, and no relevant finance job experiences mainly regular internships **not** in the field. + +I plan on getting my CFA, and getting an MBA down the road....But what are my options in Finance with an average-GPA, can i still make it in the industry? +Heyo, I'm currently a college freshman who just finished up freshman year. I go to a community college in California with the intention of transferring to a higher end UC school. As I am aware that prestige matters quite a bit in finance, I am aiming for UC Berkeley, and I have the stats to get in, but UCLA/UCSD are more realistic. + +Anyway, I am majoring in Mathematics/Applied Mathematics/Statistics. I have scoured through many of the course lists at all 3 of these schools, and many allow for students to take courses in various disciplines as long as they're relatively math intensive. + +So, I plan to take multiple Probability/Stats/Finance/Economics courses along with some CS as well. Also, this coming Fall I plan to purchase a little Dell laptop for a couple hundred bucks to begin learning Microsoft Excel as I understand that the industry standard is basically a mastery of Excel. (I have a Mac for personal use and I hear MS Office sucks on it, so whatever.) + +Anyway, am I at a disadvantage here? I just hear so many horror stories about unpaid internships being the new "entry level job." It's ridiculous out there. How useful am I going to be? I plan on working hard to get any sort of internship next, and the following summer. Preferably at a bank or financial institution, but really anywhere that will take me. + +I don't really know what part of finance I want to work in, because I haven't had any experience in any parts at all, so I'm going in blind here. I'm considering just taking a basic finance/accounting class at my community college, but I really want to focus on my Math classes and not ruin my GPA for transfer. + +Lets say I gain a good understanding of MS Office, I get a good amount of math done, and I have basic understanding of finance...Do I stand a chance? I'm not trying to get into IB here, not going for Wall Street, but hey, California is a competitive market. + +**TL;DR: What skills can a math major learn in order to be attractive to finance internships? What kind of places should I be applying to/trying to make connections with?** + +On a side note, I interviewed about 4 months ago for a summer assistant position at an investment firm nearby my house. The man who interviewed me showed me around the whole floor, even gave me a few books on investing, finance, etc. (Intelligent Investor ftw!) + +He and I ended up emailing back and forth a couple times the following weeks and he ended up not choosing me for the position, but told me to definitely stay in touch. I'm 19, and I don't know much about this industry, but did he really want me to stay in touch? He said "This industry is all about the connections you make, and you just made your first one, stay in touch!" ...How do I do that? I figure in a month or two I'll email him asking some question about the industry, and then a month or two after that I'll ask if he knows of any internships opening up around? I get that I have to stay relevant in this guys mind, but what's the best way to do so? + +For anyone who read this the whole way through, thank you. Your help is well appreciated. + +**TL;DR for this second part: How do I "stay in touch" in a professional way with someone in the finance industry who offered to be my first connection to the industry?** +So sometimes they use stock split code for dividend and sometimes they use stock dividend code for stock split. In those cases they give extra explanation in the comments. But the DTCC fudders don't share screen shots of that part, we only get to see the code. +Here are my 2014 mistakes. all this stuff has been talked about here but I thought some of you may enjoy reading this: + +My mistakes: + + +* Let parents convince me to live in an unnecessarily expensive apartment. + + +I got a fairly high paying job straight out of college. My parents (who never had much money) convinced me to sign a 1 year lease at a place that is very expensive in my area ($900/month rent). There are apartments right across the street that are fine and cost $300/month with a roommate. I could have $7800 extra in AFTER TAX money by going with the cheaper place. It was nice to live is an upper scale complex, but nowhere near $7800 nicer. Obviously this will depend on how much value you place on your living situation - but don't underestimate rent. That shit is a money suck and it sucks to be locked in for a full year. + + +* Ate out way too much + + +It's been said a million times on here and it's 100% true. If you eat out regularly you can probably save $50-$100 per week or more by learning to cook. Master a few different bulk crockpot meals if you're crunched for time. You can easily make cheap and nutritious meals that require minimal effort. The only thing stopping you is your own laziness. Seriously though - you'll be healthier, you'll save, and being able to cook is a big bonus with the ladies. + + +* Spent too much at the bars + + +Unfortunately the social pressure to drink excessively when going out didn't end with college for me. People may pressure you to keep up but you gotta learn to tell these people to fuck off. If you're set on getting drunk and going out...find a friend who lives close to popular nightlife areas so you can pregame with your own beer and avoid spending a 500% premium on drinks at the bar. Bring a flask if you have to but try to keep drinks at the bar to a minimum (I do 2 or 3 max). + + +* Didn't sell stuff I no longer use + + +You have likely accumulated a bunch of shit over the course of your life that you no longer use but has value to someone. I recommend keeping anything that has sentimental value to you. However, put anything else on craigslist and sell the shit out of it. I realized that I haven't played guitar in over 5 years and it's unlikely I'll ever play again, so I sold my guitars. I went to my parents' for Xmas and took back with me everything I thought I could sell. Reduced clutter at my parents' house and the craigslist sales will net me enough to max out my Roth IRA. Should have done this long ago! + + +* Impulse bought things + + +My first time bringing home a big paycheck led to me buying a fair amount of unnecessary crap. Don't do this. + +Overall 2014 was a great year for me as I've put myself in a great spot financially but it kills me to know I could have $7800 extra bucks to play with had I lived in the cheaper place + +What were your biggest mistakes? I'd love to know what to avoid in the future. + + +I was soo certain that I was going to be a millionaire at the very least. I never had soo much money in my portfolio. I knew I would eventually write a post on reddit about my crypto journey into early retirement. But it seems as I am cursed. . . + +It all started in late 2017 for me. About November 2017 my friends were talking about Bitcoin and Ethereum. As anyone would be, I became curious. I recalled hearing about Bitcoin in 2011, I remember disregarding it, I was in my very early 20's at that time. Thought there was no need for that because I had a visa card, and I had no idea about investing or anything. I felt regret and fomo, and went all in with whatever I had left. In December that year I multiplied my money, as you can see on that charts everything went parabolic. I wasn't emotionally attached to anything, so selling for a quick 5x was easy. But as you can also see (you might want to write this down) when Bitcoin began entering the bear market in 2018 it took a long time for Bitcoin to find it's bottom (about a year). Everyone on social media and youtube was saying "buy the dip!" technically speaking that is true, I just had to wait 4 years. So I bought the dip of every dip, and 6 to 8 months out I felt foolish for not DCA a little more lightly, and being patient. See, patience plays both ways, to buy and hold, but also to hold USD and to wait for a good entry point. + +Three years have passed, I was investing a large sum of my paycheck into crypto. Living very frugal to invest probably about 80% of my paycheck on average into crypto. I was fairly diversified. Btc, Eth, even XRP and other various alts on beyond page 2 on CMC (I ended up selling these too early). Made many mistakes along the way. You hear the stories about how people got hacked, how they sent crypto to the wrong address, how they didn't sell and held all the way down etc. I heard it all, and I slowly throughout the years crossed each one of those off the list of mistakes I made. Been hacked, scammed, phished you name it. Earlier this year I made the biggest mistake I have ever made thus far, and it costed me 1 million dollars in gains. + +***"Bigger bags don't always mean the highest returns."*** + +My portfolio finally breached the 6 figure range, and quickly was in the multiples reaching more than halfway to a million. It got to my head. XRP wasn't really moving due to the SEC lawsuit. So I thought I should sell it and try to trade it into something else. By the end of that day, I lost a third of that position in USD value. I laughed it off because I had soo much more to spare. I said "I'm going to make this all back on one trade, watch." This went on a few times until I lost 2/3rds of my entire portfolio. I wasn't laughing anymore, and ***I realized I had become a gambler and not an investor.*** There was a series of moments where I would buy into something like Binance and XRP but I couldn't hold on for long, I couldn't stomached the stress, I couldn't sleep. So I couldn't hold on long. I realized my psychology changed. I lost the feeling of being safe. When you buy in soo low and hold you can hold through just about anything when you are up X amount. I lost that security when I sold and let the numbers get to my head. + +I took a step back, tried to find a real entry point to get back in at, but I had cold feet. This was around April, I felt like at any time the market could crash. I was still up in profits, so I decided to just wait everything out. 3 years of preparing for this run up and I ruined that opportunity of a lifetime. Will there ever be another opportunity like this again? I guess we will see in 3 years or so. + +I'm not the best writer, and I am skipping through some details but I don't want this post to be too long than it already is. This is one of the biggest and stupidest mistakes I have made in my entire life, but at least I am running away in the green, i guess. I hope some of you that are new here can learn from my mistakes. Just remember, don't let the numbers get to your head when you approach 1 million. Don't get over confident. I heard similar stories just like this where people trade their portfolios away. I remember hearing about it in early 2018. I got over confident, and disregarded the warning signs and stories I have read, people warning me what not to do. + +One last thing before I go back to work. "Bigger bags don't always mean the highest returns." The biggest lesson that learned here. Living soo frugal to pack the heaviest bags does not always mean you will come out on top. So live life and enjoy it. Be with your family. + +Sorry for the long read \*put on McDonalds cap\* + +&#x200B; + +EDIT: Forgot an important detail. I would of exceeded 1 million in profits had I not screwed around with my portfolio. +For me its when they offer to lend me money so we can go do something they want to do (get takeaway, see a movie etc). I wish they understood that I'm not going to be any better off when payday comes, I'll just be more in debt when factoring in the money they lent me. If I say I can't afford do do something, I really can't afford it and offering to lend me the money does not help. + +I have explained this to them several times, but for some reason it keeps happening. + I have a real-estate friend who went in and bought a multi-home with me a little less than 4 years ago. My friend is in real estate for a living, and I view him as successful at it. I live in the first floor of the unit and the second floor is rented out. We treat it as two separate units; my friend pays half the mortgage and takes the profit from the second unit. I pay the other half of the mortgage. + +My friend wants out of the multi-home. He simply wants capital for another project. + +I felt rushed with everything my friend was telling me. The first words he said was “do you want to live for free?” To buy them out, my friend advises I refinance and pull out money to give to him. He believed that I could refinance to a 30-year loan and the second floor would pay for the mortgage, “so I could live for free.” Through browsing, I realize their recommending that I use the BRRRR Method. In the moment, I felt like I was being asked to increase my debt, and the sales pitch made it seem like I was being scammed. He said he could walk me through the refinance, and he could teach me what he does for a living. + +We also started on different terms, in my head I thought they should receive the equity they accrued. My friend said they should receive the equity plus new evaluation. It’s only been four years, but we did buy the multi-home below value, so there would be some money involved with doing it this way. In my mind it seems fair, because if we sold the property it would be 50/50, and they would receive what they’re currently asking. + +My friend did say what they would receive was done freehand, and I noticed the equity they accrued was the mortgage payment, not the money paid to the principle. They also sent a screenshot of an excel sheet, instead of the spreadsheet, which I also am weirdly feeling slighted about. I felt like we walked away with my friend just thinking I’m an idiot. + +Last detail, I told my friend I don’t want to make a decision right away. I graduate with an MBA in May, and I am considering moving upon completion. If I stay in the area, yeah I wouldn’t mind buying him out. I find the multi-home successful. But I would rather sell the place (in May) if I leave. Maybe it is because my friend needs the capital, but they were telling me about how keeping the place would still be great to own because I would have a better debt-to-income ratio and property managers are reasonable in the area. I was able to punt until at least January (I said I needed a year and he said we will talk in January, ugh). + +ANYWAY, I need to get educated on the subject. As a non-expert, who already is feeling slightly scammed, I am foremost curious if what he offered is fair. Secondly, I wanted to get opinions who were removed from the situation. Lastly, who should I speak professionally about this? +I see a lot of posts about doing a BRRRR yet there's always something wrong with the math. + +It's usually easiest to start with ARV, multiply by 0.7 (since usual refi is 70%) and that's how much money you have to work with (purchase and all work). Now subtract cost of rehab to get how much leftover you have for purchase. This is obviously simplified but works the best for quick napkin math. + +Once you get good 0.7 is close to 2/3 or 3/4 so you can do a quick analysis in your head. So if ARV is $500k then you have \~$350 to work with. If you're doing a full gut + new porch for \~$225k you know you only have \~$125k for purchase to get all your money out. +This comes from the best tax attorney I personally know: John Hyre III. As always caveat emptor and conduct your own due diligence. Trust but verify! + +/u/joshualyman /u/German_Mafia + +&#x200B; + +A few words in the proposed Opportunity Zone regulations just changed everything. This is HUGE. To wit: + +" For purposes of section 1400Z-2(c), which applies to investments held for at least 10-years, a taxpayer that is the holder of a direct qualifying QOF partnership interest or qualifying QOF stock of a QOF S corporation may make an election to exclude from gross income some or all of the capital gain from the disposition of qualified opportunity zone property reported on Schedule K-1 of such entity, provided the disposition occurs after the taxpayer’s 10-year holding period." + +Translation: If you hold ownership in the fund for 10+ years, you need not sell the fund to get a tax-free sale, which is what the statute says. Rather, if you hold the fund for 10 years, you can sell individual assets owned by the fund tax-free. This dramatically expands the utility of owning a QOZ fund aka a properly created and maintained LLC, which is really all a Opp Zone "fund" is. + + +(cross post from /personalfinance) + +I own a second house, inherited from my mother. Fully paid for. I've been renting it to the same tenant for the last 12 years. They've been very reliable -- have never missed a payment, and generally take care of the place. + +They made me an offer on the house and proposed a private, seller-financed sale and I'm trying to figure out if that's a good move for me. + +The offer: 675K with 175K down, rate: TBD, term: TBD. it's on Zillow for 721K (but trending down a little) + +Lot's of questions! + +* How much can I expect to save by making a private sale? +* If the contract is solid, my risk shouldn't be too great, correct? If they default, I would get the house back? +* Assuming I sell it for 675K, besides closing costs, what other real costs are there when selling the house the traditional way? EG, taxes? +* Am I getting this right: If we make a seller-financed deal, I would charge them interest on the 500k they're paying off. So, conceivably, I'm making about 5% on my 500k. If I took, the 675K up front, I could just invest that money. I can assume I would make more than 5%, correct? (With some long-term, low-risk investment) +* If I don't do the deal, they will probably move out (they're ready to buy). So, I would be faced with some upkeep costs (needs a paint job etc. Wear and tear stuff). If I do the deal, they would absorb those costs and I would save that money. Is my reasoning correct here? +* If I want to spread out the capital gains (Installment sale [https://www.thebalance.com/installment-sales-3192872](https://www.thebalance.com/installment-sales-3192872)), the only way to do this is through an arrangement like this, correct? + +Thank you for any and all help. I'm new to all this. If there's anything else I should be aware of, please let me know! +Spreadsheet w/ calculations here - [https://imgur.com/a/NDLwyDB](https://imgur.com/a/NDLwyDB) + +First, I understand there are MANY assumptions here, but I did try to estimate on the conservative side. I factored for rent increases at 4.5% per year, property value increasing at 5.5% per year, and property tax increasing at 2.5% per year. + +Equity in my current house is $345k w/ a market value of $575k ($230k left on mortgage) + +New house is $600k and will put down 20% minimum ($120k). + +Liquid cash = $40k (+ 60k equities that can be quickly liquidated if needed) + +The original plan was to sell the old house and roll $140K into the new one and use the remainder to invest in equities. Now, given how hot the Austin housing market has been and the great location of our current property (5 minutes from downtown w/ private rooftop deck w/ downtown views) I am wondering if it might make sense to keep this house, pull out $120K via HELOC for the new home down payment, and rent this place out for another 8 years (to 2030). The house was built in 2018 so it would be 12 years old by that time and likely need HVAC replacement etc. before selling. + +Running the #'s for what I could rent this house for it would just barely break even in the first 3-years, and then from years 3 through 8 it would slowly build profitability, factoring for rent increase of 4.5% per year. I used an assumption of 5.5% property value growth year over year and estimated that my beginning equity in the house would be $220K (with the HELOC added onto the existing 230K mortgage) and by year 8 it would be roughly $600k. **I am anticipating inflation running a bit hotter than usual for 2022 through 2025 (3% to 4% per year), especially if Biden's $4T infrastructure plan passes, hence why I am more enticed than usual to load up more heavily on debt.** +TLDR: Tits jacked. See image below + +[The address in the lower right bubble is the owner of the GME NFT](https://preview.redd.it/xl2d2uxorb391.jpg?width=1266&format=pjpg&auto=webp&s=bfc6f2cd11e842b991f9476b513716be783959ae) + +0x10B16eEDe03cF73CbF44e4BFFFa3e6BFf36F1Fad is a wallet address I check on periodically, just to see if there are any new transaction breadcrumbs from which I can learn things. To refresh/clue folks in, this is the address where the original Gamestop NFT was minted. It also currently owns several ENS domains related to Gamestop/NFT/GME. + +See the original NFT transaction mint to this address below. *Note the Timestamp and Block Number.* + +&#x200B; + +[5\/25\/21 - Block 12501493](https://preview.redd.it/6l7vdrzasb391.png?width=1073&format=png&auto=webp&s=99a9b6c8c4245470249e3ad25058e6bdd17de9b9) + +Well, 12 days ago the address 0xa2Ef6C219Dc9286a2cA917eF4BcA43d0aEa1E244 sent the above address the ENS name "gamestopnftmarketplace.ens" + +[More images below following this thread](https://preview.redd.it/bwb5dv4ssb391.png?width=1015&format=png&auto=webp&s=160e543b93bc858d5fd7333f28a291e457795ef3) + +&#x200B; + +[View NFT for transaction above? Don't mind if I do](https://preview.redd.it/n9k7w1l2tb391.png?width=1391&format=png&auto=webp&s=1b84087282457c1b5166601c7a9f1b0c6f505292) + +&#x200B; + +[Nice ENS. Sick name ](https://preview.redd.it/p7hgocv3tb391.png?width=1390&format=png&auto=webp&s=25cc30c6ee7790bc677351db6e960ad237194446) + +So naturally, we should look into 0xa2Ef6C219Dc9286a2cA917eF4BcA43d0aEa1E244 a little bit more, right? + +Oh boy. 4 days ago, 0xa2Ef6C219Dc9286a2cA917eF4BcA43d0aEa1E244 sent 0x2989ef59893dC38F8530bf0eCFf1761b14ae3d85 something called a "MEW ETH Block" which is a type of NFT one is able to mint in order to commemorate an exact Block in the Ethereum Blockchain. ETH Blocks essentially allow people to mint and own NFTs based on "important events" in Ethereum history, where all events are connected to specific Blocks. + +[This is the transaction sending the ETH Block NFT](https://preview.redd.it/47ir71cetb391.png?width=1014&format=png&auto=webp&s=9463c9959552f9ac8aae182b4b755195ae79cc60) + +Do you notice which Block was commemorated with this NFT minting, friend? Why, it's our old pal Block 12501493 from 5/25/21! + +&#x200B; + +[Which member of the Gamestop NFT team do you belong to, fun new address with a special commemorative NFT?](https://preview.redd.it/ppfa0m5wtb391.png?width=1409&format=png&auto=webp&s=f4b21acd3c3b294b6cbc21e67477d15700ab101c) + +Etherscan isn't great for visualizing NFTs, but if we pop that baby over to OpenSea, we see the NFT of that historic block. + +[Someone at Gamestop is very proud of this moment in their history](https://preview.redd.it/8aahr8l1ub391.png?width=1561&format=png&auto=webp&s=0517e9d0964ae8e2d89a012fde0f669218410426) + +A little humblebrag now, if you check my post history, I called the Immutable connection months before everyone. I think this is gonna be big. +Although California has a multitude problems, the state’s massive economy and tax revenue is impressive— it shows how truly prosperous the state is (and primarily the ultra-wealthy residents in it). +Yes, many people have chosen to move to other states with less income taxes, lower costs, etc., but how come the ultra-wealthy still choose to stay here in California when they pay the #1 highest combined state/federal income tax rate in the whole country? It seems like all of the “doom and gloom” articles about “everyone leaving California” are not only exaggerated, but totally inaccurate. +Finally— California has had high taxes for many years and has still achieved massive long-term Economic growth. Do you think this taxation model will remain sustainable in the long-run? Or do you think that the state will eventually be forced to take measures to prevent economic loss? +My wife died in Nov. 2021. She died of cancer and I was her caretaker. She always took care of the house and the bill and money management. Now that she's gone I know that I need to change everything to my name and disable any accounts linked to her. I have closed some accounts but definitely not close to all of them. I have the copies of the death certificates but everytime I try and get through one account I just can't. I feel like I need to figure things out but I don't even know where to start. It's also so hard to figure out freaking procedures when people die. I keep telling myself I'll handle it later but I know I'm just avoiding it. + + +1. House is in her and i's name +2. Car is in her name +3. Homeowners insurance she's primary +4.she has some retirement accounts out there +5. Also need to close all her CC +6. Utilities in her name +7.electricity in her name +8.solar loan in her name + + +I have access to her accounts but I've just been avoiding doing these things. I don't know what i'm posting this. Any advice that anyone has is appreciated. She didn't have a will. We were legally married( CA) so everything went to me. +I’d love some more brains on this. There appears to be a lot of moving pieces and I’m not quite sure if they are related, interconnected, or if they are just individual bites of news. For full disclosure, I own 0.64 xFUND and I’m trying to figure out if this could be a bigger play or if it’s just a grab-n-go, profit-type project for me. Thing is: The project’s products I’m not very educated about (Oracles, NFTs and how they work, stuff like that) so I was hoping for discussion / corrections from people that know a bit more. + +Project Looks Unique + +So, the contract that runs the xFUND ERC20 token appears to be unique and legitimate. It’s not just a quick copy of some Baby Inu Cum Porn coin (That’s a sentence I didn’t think I would ever write): https://tokensniffer.com/token/0x892a6f9df0147e5f079b0993f486f9aca3c87881. + +In addition, they also have the FUND native coin which appears to be unique as well: https://explorer.unification.io/ + +Connection to ChainLink or Competitors? + +xFUND aims to compete with LINK. If it tickles your fancy, they will DESTROY, KILL, AND/OR ANNIHILATE ChainLink, but in my opinion, all they need to do is become competitive in the space to hold their own (don’t tell that to the xFUND Rangers; they’ll go apeshit lol). There’s room for more than one car manufacturer—same idea in this industry. + +At the very least, the CEO of xFUND (Neyma Jahan) is respected to the same degree on technical understanding as Chainlink’s CEO (Sergey Nazarov) because they conducted a few discussion panels together: https://medium.com/@bitsclubPCTA/blockchain-technology-innovation-and-policy-reform-presented-by-the-public-chain-technology-f2039134e513 (the second image is the two CEOs). And here he is at the Blockchain Summit: https://www.youtube.com/watch?v=t5CvX6xDclY . Here he is quoted on Forbes.com: https://www.forbes.com/sites/darrynpollock/2019/04/26/brazilian-medical-records-getting-blockchain-boost-may-be-the-route-to-digital-identity-adoption/?sh=74c664a17b86 + +Point is: Neyma is doxxed, respected in the industry, and seems to be in some of the “inner circles” or networks of some big-name projects. + +Availability & Supply + +xFUND is only available on DEXs right now, not on any big exchanges like Binance or Coinbase. It’s on Uniswap and ShibaSwap (I’ll get to ShibaSwap in a moment). It has decent volume and plenty of liquidity (lots of trades and enough available for buys/sells that a $500 buy doesn’t move the price some ridiculously large amount like 25%). + +Token Supply Breakdown + +7100 Circulating Supply + +8880 Max Supply + +Max Supply will be reached in July 2022 + +Fair Launch + +It appears to be a fair distribution. Every day, 12 xFUND is emitted to the FUND validator nodes randomly here: https://xfund.unification.io/. The supply rate goes through a halving event kind of like BTC: https://medium.com/unificationfoundation/xfund-to-reduce-emissions-and-establish-final-market-supply-of-8880-45c9b1e26ef4 . It started at 24 per day and was just recently reduced to 12. In October, it’ll be reduced again to 6 per day. + +On top of that, xFUND team provides staking rewards for straight staking of xFUND as well as LP staking, so the distribution gets further spread among holders. The top wallets are staking wallets, all the others are reasonably positioned: + +https://etherscan.io/token/0x892A6f9dF0147e5f079b0993F486F9acA3c87881#balances +I was looking a historical chart of P/E ratio for the overall S&P 500 index, and noticed something strange: + +https://www.macrotrends.net/2577/sp-500-pe-ratio-price-to-earnings-chart + +There are enormous spikes around 2001 and 2008, the times of the dot-com crash and financial crisis respectively. + +However, if you hover your cursor over those spikes to look at exact dates... you'll notice that the spikes REALLY take off AFTER the crash was well underway. The dot-com crash began in March 2001, but the P/E ratio continued to climb from 25 to 46. The financial crisis started in September 2008, but the ratio climbed from 25 to 116. + +I suppose that if companies were releasing bad earnings reports during that time, it would push the P/E ratios higher. But I believe th prices were slashing in half during that same time, so earnings reports would need to have been insanely bad. + +Is there just a bug in the way this chart was constructed, or am I missing something? Why do valuations seem to trail the bubbles and crashes? +These are my thoughts and ramblings on why most traders fail to be successful in the market. + +**1. Holding for Unreasonable Profits** + +**2. Get Rich Quick** + +**3. Lack of Knowledge & Education** + +&#x200B; + +**Holding for Unreasonable Profits** + +We see so much money flow in and out of the market and our accounts that the profits traders want to take are far greater than what they should be taking. This is especially true in the world of Options when people are up 70-100% on a single trade and continue to hold like it’s nothing. + +We should be steadily taking profits out of the market or sliding it into safer investments for the long hold. Compounding this money is how people become wealthy. Don’t let yourself get bamboozled into holding out for 100% gainers. + +&#x200B; + +**Get Rich Quick** + +People want shit loads of profit in a short amount of time but trading stocks shouldn’t be that sexy. In-fact the market should be boring with slow and steady growth made by calculated choices instead of hopping in and out of the next meme stock looking to triple or quadruple the original investment. + +The rich get richer because they are the smart money taking the dumb money. Most traders fail because they make a mistake. On the other end of that mistake is someone who was patiently waiting for that mistake to happen and then they reap the benefits and rewards. + +Don’t let your money get **taken**! #LiamNeeson #Ihaveaspecialsetofskills + +&#x200B; + +**Lack of Knowledge & Education** + +Trading stocks has become readily available to more and more people through apps like Robinhood and Stocktwits. On the surface this is great because we are encouraging more and more people to think about investing in their future. The problem is 90% of these people don’t know what they’re doing. They either follow the guy who’s throwing up screenshots of epic gains or buying into the “I’m the most successful real money options trader on the planet,” guy stepping off “his” private jet. Looking at you Jeff! + +I’ve seen so many people blow up their accounts on these junky penny stocks holding out for that biopharmaceutical phase 3 trial approval. Or how about every trader who purchased HMNY at $30 bucks because MoviePass was going to revolutionize the industry. + +Doing extensive research and looking for the right opportunities instead of following the sheep can and will make you a better trader - even if you lose on the trade. We learn better when it’s our own mistake instead of suffering for someone else’s mistake. + +So, lock down your profit, stop dreaming about the big overnight winners and ignore the hype. Doing these three things alone will make you a more successful trader. I promise. + +Good luck out there! + +@theinvestornaut +These are my thoughts and ramblings on why most traders fail to be successful in the market. + +**1. Holding for Unreasonable Profits** + +**2. Get Rich Quick** + +**3. Lack of Knowledge & Education** + +&#x200B; + +**Holding for Unreasonable Profits** + +We see so much money flow in and out of the market and our accounts that the profits traders want to take are far greater than what they should be taking. This is especially true in the world of Options when people are up 70-100% on a single trade and continue to hold like it’s nothing. + +We should be steadily taking profits out of the market or sliding it into safer investments for the long hold. Compounding this money is how people become wealthy. Don’t let yourself get bamboozled into holding out for 100% gainers. + +&#x200B; + +**Get Rich Quick** + +People want shit loads of profit in a short amount of time but trading stocks shouldn’t be that sexy. In-fact the market should be boring with slow and steady growth made by calculated choices instead of hopping in and out of the next meme stock looking to triple or quadruple the original investment. + +The rich get richer because they are the smart money taking the dumb money. Most traders fail because they make a mistake. On the other end of that mistake is someone who was patiently waiting for that mistake to happen and then they reap the benefits and rewards. + +Don’t let your money get **taken**! #LiamNeeson #Ihaveaspecialsetofskills + +&#x200B; + +**Lack of Knowledge & Education** + +Trading stocks has become readily available to more and more people through apps like Robinhood and Stocktwits. On the surface this is great because we are encouraging more and more people to think about investing in their future. The problem is 90% of these people don’t know what they’re doing. They either follow the guy who’s throwing up screenshots of epic gains or buying into the “I’m the most successful real money options trader on the planet,” guy stepping off “his” private jet. Looking at you Jeff! + +I’ve seen so many people blow up their accounts on these junky penny stocks holding out for that biopharmaceutical phase 3 trial approval. Or how about every trader who purchased HMNY at $30 bucks because MoviePass was going to revolutionize the industry. + +Doing extensive research and looking for the right opportunities instead of following the sheep can and will make you a better trader - even if you lose on the trade. We learn better when it’s our own mistake instead of suffering for someone else’s mistake. + +So, lock down your profit, stop dreaming about the big overnight winners and ignore the hype. Doing these three things alone will make you a more successful trader. I promise. + +Good luck out there! + +@theinvestornaut +Just the title, pretty much. I finally can spare the money to send all of my early 2021 shares from Webull over. It got me thinking, what would it take for everyone else to DRS 100%? + + +I mostly created this thread because I know that not everyone here is not 100% direct registered by choice- one Redditor yesterday didn't know the process for direct registering from Nordnet, so I linked him a guide on how to get his shares over to IBKR where he could then DRS from there. + +Have an IRA that you can DRS, but haven't because you're afraid of the risks? If you've read any of the macroeconomic DD you'd be aware that pretty much everything that isn't GME is at risk of systemic collapse as the dollar itself begins to shit the bed. Wouldn't you want to protect your retirement a little better? + +Anyway, yeah, this thread is meant for Redditors to post their obstacles for not being 100% DRS'd so others can help with that + +Edit: just to clarify, the question here isn't "Why aren't you 100% DRS'd?" it's "What would it take to get you to 100% DRS?" These are two different questions, with different answers. + +Edit 2: After seeing some of the answers here, I am more confident than ever in holding GME. Some of you are probably too lazy to even sell. +I bought a Toyota Coralla 2009 in 2012 for 13k. It now has 80k miles and is in very good shape and totally paid off. Only debts are mortgage and wife's car (Camry, almost paid off) + +The dealership has called me a few times, which I finally answered last night and they are saying they're low on inventory and are willing to pay retail, as long as it's still in good condition. + +We've been talking about upgrading to an SUV or mid size pick up truck, since we've started a family and are having a tough time fitting in the car. We were planning on waiting about a year to do this, but I feel tempted to make the jump if we can get a fair amount for the car. + +Questions are: Is this a dealership style scam? Is it even worth checking into or would we be best just sticking to the plan? + + +I’m currently seeing a lot of posts and comments throwing hate towards Cardano just because it hasn’t made a big move in 1 month. I don’t know if people thought that smart contracts would come from one day to another or what, but we all know that Cardano likes to take it slow. The fundamentals of the coin are the same today than 1 month ago, so why would your thoughts about ADA change? Nowadays too many people move from trend to trend, and they can’t stand a coin being stable for more than 1 month. Remember that 1 year ago ADA was at $0,09 and now sits at $2, do what you want with your money but you will regret selling ADA just because it had 1 month of no movement. ADA was always known for being a “stable coin” anyways, did I miss something or what’s the reason for all the hate? Are they just mad that shitcoins pump but not ADA? +Hey Reddit, + +I spent 28 years on Bay St, where I have been a debt and equity analyst, portfolio manager, and finally Director of Sprott Inc., and Chairman of Sprott Asset Management LP, Canada’s largest and most successful hedge fund company. +The investment industry is great when you’re a part of it. As a manager of my own fund I was paid well and received great hockey tickets. But the industry is not so great when you’re an individual investor. The fees are high, expert advice is structured to maximize commissions generated, and conflicts are everywhere. Individual investors exist to make everyone else money. + +In 2011 I left Sprott and that world behind to start [5iResearch.ca](http://5iresearch.ca/reddit), a truly conflict-free Canadian investment advice service (we don’t trade in Canadian markets, no one pays us commissions, and we don’t have to worry about offending companies). We produce easy-to-understand reports on Canadian companies, have answered over 15,000 member questions, and publish a model equity portfolio. I’m also the editor in chief of Canadian MoneySaver magazine. + +Ask me anything about the financial industry, investment questions, etc. + +Proof: https://twitter.com/5iresearchdotca/status/449529964996853760 + +** EDIT ** Thank you everyone. Signing out. It was fun. + + +The title is pretty self explanatory. I live in a shitty basement apartment and anytime it rains the walls start to sweat and the bathrooms flood. I just know that Florence is going to flood it out with the projected 10-24 inches of rain I'm going to get. My leasing agency has dropped off sandbags and told us that we were going to be on our own until 36-48 hours after the storm and to stock up on food. (we're already trying to get them to honor their end of the lease and put us in a hotel if it gets too bad) + +I have put all of my nice clothes, documents, and my rug into my car. Most of my furniture came from the dumpster, but I don't have the time to find new furniture, nor buy any because I'm broke af. Can I get a couple of XL trash bags and bag everything up? A tarp? + +Also, if I get left with nowhere to go, what do I do? Pack a bag and walk to the grocery store? My university library? Should I see if I can sleep in one of the lounges? Idk if there's an emergency center near me, and I'd feel kinda wrong going there. + +edit: also, my renters insurance lapsed bc of the same leasing agency not accepting my lease until 26 days after the fact. I'm working on that rn. + +Edit2: thank you all for your help and advice! Right now everything is stacked and weighted and we're collecting water. Everything important is safe and we all have an evacuation plan and shelters mapped out. Thanks again for all of your help and best of luck to everyone else that is in the path. Stay safe and dry. + +Edit3: thanks everyone again. Talked with uhaul in my area and they've been booked. The storm is actually going southward and I'm in much better shape. +Boys... + +I’ve been in the Marines for 5 years now and I’ve came across some real degenerate no good retards throughout my time here... +and I just want each and every one of you to know, that you radiate that same retarded energy that Marines have. Thank you all for giving me another place to be a degenerate autist. I love you all as if you were my handicapped brothers. + +God speed to you all + +Position: 99.99% portfolio GME shares maxed out, @ $129 // +Roth IRA 6k maxed out into GME shares @ 103 +Keep fucking. +Every time I see a few green sticks I buy, sure enough, as soon as I buy, 2 pennies later is starts going down like a roller coaster on its way down, doesn't fail. Lost $400 today to those impulses, hope this was the last time. + I’m reading here and in other subject related lists, new traders (and not so new as a matter of fact) looking for a magic strategy they can use for themselves. + +Well I got some bad news and I will explain why. + +Sharing strategies would make sense if all of us traded the same asset, on the same time frame, at the same time of day, with the same capital, using the same broker! + +Each one of the above plays a significant role in forming your strategy. Maybe I���m forgetting one or two (well that’s what the comments section is for!). + +Depending on the asset you trade you will realise that each one of the thousands out there, has a distinctive “character”. Some might say “okay but the market works the same way regardless of the asset you chose to trade”. After all as the late Mark Douglas would say “it’s all about imbalance in conviction”. + +The market works in certain ways and there are strategies out there that can be used in various assets and time frames unchanged, it’s true. However there will always be a factor in this chaotic system as the market we try to make a living from, that is distinctive for the asset we trade. Are the factors that affect an index the same that affect a major forex pair or a commodity future? When interest rates go up some stocks go down, some go up as they belong to different sectors but they are both....stocks. + +The same goes to for the time frame. A strategy, for example, that is based on the day’s trend is no good for someone who wants to trade with the opening of the market. + +As for capital, you trade differently when you have a $1m account and differently on $500 account. Regardless what they say it’s totally different when you do it with your money. + +Finally the broker. Those unlucky people that do not have the opportunity for example to trade with CFDs have to pay more commissions as they trade the “real” thing than the rest. So small accounts have to use a different strategy when trading the “real” stuff. + +What I want to bring up with the above is that there is no magic strategy you can copy-paste. Yes you can get ideas from existing strategies or take elements you can use to form a strategy for yourself. + +You will have to invest in screen time, backtesting and of course go through that emotional roller coaster till you get it right. No short cuts there unfortunately. + +And some personal experience sharing here. + +I took my first trade in the mid ’90s when I was in my early 20s trading stocks the old fashion way with the telephone and waiting for my order to be executed, if my broker came through to the pit guys. The same when I wanted to close it. Since then, I changed 3 times my strategy for different reasons. The latest being, that my little guy needed help with his homework, so now I can’t be in front of a screen from 09:00-22:00 as I used to, as I have to help him with his homework. + +Every time I changed my strategy and my time frames, it took me around a year to perfect it! Although I’m known to be a fast learner and had experience in the markets as since I went from stocks, to commodity futures and now to forex. + +I hope I helped some people out there. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I saw this interview with Karen on tastytrade: + +She runs a 100M+ fund selling options. Granted she's under investigation, but that doesn't prevent us from learning. Here are the notes: [https://www.youtube.com/watch?v=BquDGE9KxZQ&t=1586s](https://www.youtube.com/watch?v=BquDGE9KxZQ&t=1586s) + +History + +1. Went to options class and learned options +2. Started with 100k and eventually raised money +3. 2x'ed capital with 50M+ + +Mechanism + +1. Sell strangles, did IC's 10 years ago but now just strangles +2. 56 days out - max theta decay +3. 5% Prob.ITM +4. Look at resistance levels / bollinger bands to set levels +5. OK to sell in low IV +6. Start with puts and leg into upside as move happens + 1. Managing upside is harder - but doesn't go into why + +Reduce risk + +1. Be contrarian - i.e. sell calls when market rises so you get widen the risk +2. Undefined positions are safer since you can go further out + +Adjustments + +1. No auto stop-loss, hate it +2. Trigger: Start adjusting position when it moves from 5% Prob.ITM to 30% Prob.ITM +3. Always adjust for credit +4. Adjustments include rolling, adding offseting puts and possibly more call positions +5. Positions are added for the same expiration date so it all events out - "make yourself whole at expiration date" + +Mindset + +1. Think of it as a board game happening on the expiration date +2. No emotions +3. Numbers game +4. Keep it simple +5. Be consistent +6. First goal - don't lose money +7. Don't look at news, etc and don't have market mindset + +Underlyings + +1. Mainly SPX +2. Sometimes NDX, RUT + +Focus + +1. Focus on numbers (cause) -- like delta, prob.itm and not P&L +2. Refine process and make it mechanical + +Buying power + +1. Uses 50%-70% of capital as buying power +2. Note: Capital is used to max buying power which means it can't hold +If I’m looking for a home loan in the near future - is it best to cancel things like After Pay/Zip Pay accounts etc? + +Not sure what my credit score is like, only debt I have is HECs - but what other spending habits/accounts/or anything else can potentially negatively affect you when seeking a home loan? + +And what time frames? For example if After Pay does negatively affect this, if I look to get a home loan in one years time, is it best to delete the account right now? Longer the better? + +Thanks +But we resist. DRS is only increasing. This is a competitive (non-cooperative) interaction, and we are not only patient but, in many cases, long-term oriented. Those familiar with game theory may quickly see that, unless the game is extremely manipulated (to the point that it is blatantly rigged), the odds are inevitably in our favor. The only requirement is patience, DRS-ing, and avoiding distractions. + +We are on our own. Not because other institutional investors may be uninterested in partaking in the MOASS, but because they may be afraid of antagonizing a heavy weight monster the size of Citadel. + +Which again leads to the same: patience. +First off, my apologies if this is on this subreddit already. I searched but could not find anything. + +I got into a not-at-fault collision with a Maserati on Thursday. The Maserati pulled out in front of me trying to make a left-hand turn on a road and was determined at-fault by police. So that's not a question at all. + +My question is if I accept his settlement (my bumper was banged up), do I need to go through with repairs? I called around and got quotes for a new bumper, plus a day rental for when it's "in the shop," but I don't plan on having it repaired. The car is worth about $6,000 tops and it doesn't make sense for me to throw $1,000 into it for a banged up bumper. Now, the guy who gave me the money (it's already been completed — $1,130 — is asking for a receipt to show I got the repairs done. Am I obligated to show him that? +Hello everybody! Yes, I’m still here. + +I wrote a post a couple weeks ago about T+35 FTD’s. [T+35 is the one true "cycle"](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/) + +I’ve been wanting to write a follow up post for a while, but I didn’t want to write it until I had more answers. That led me down a very deep and confusing path tracking ETFs, and to be honest, I probably won’t be able to get a full picture for a bit. So I'll go ahead and do a quick follow up post now. + +&#x200B; + +**Does T+35 still happen?** + +Yes. They’re not always easy to spot. 6/25 had 40,000 FTDs were most likely covered at 12:20 EST. 6/17 had a 90,000 volume candle which could have easily been the next three days worth of FTDs. Remember, there is nothing forcing them to wait until the last day. This is just what they HAVE been doing. After my post got some attention, I noticed a difference in the FTD behavior. Either they wait until the last possible minute, they cover in the first minute, they cover multiple days early, etc. + +&#x200B; + +**Why is it 35 days? (technically, before the 35th day)** + +The stock gets shorted and settles into an FTD in T+2. Normally, Rule 204 would require them to close the FTD within a day or two. But on the FTD day, they sell a put giving them the “deem to own” clause of Rule 204. When they are “deemed to own” a share, they are able to wait 35 days from the ***transaction date***. This is why the 34 days starts on the FTD date, not the date it was shorted like you may think. + +If you want proof of this, there is a certain stock that reminds me of a leprechaun. It had a HUGE FTD day in early june. Next thing you know, Put OI sky rocketed. Check other less popular meme stocks and you will probably see the same thing. + +&#x200B; + +**What about ETF FTDs?** + +In my post I stated that ETF FTDs behave the same way as GME FTDs. This is only partially true. They DO get delayed 35 days. They DO NOT get covered on the 34th day following the FTD. There are details within Rule 204 that make the timing slightly different. I’ve spent the last couple of weeks figuring out all the nitty gritty details… but woah… it’s a mess. I’d like to make a post sometime soon with my findings. + +&#x200B; + +**Why do FTDs not do much anymore?** + +It looks like they are shorting the ETFs when they have GME FTDs due and shorting GME when they have ETF FTDs due. You can see this by going 34 days from an ETF FTD. The ETF and other non meme stock in the ETF will rise from the cover but GME will stay flat. I plan on covering this more in my future ETF post. But damn, that spring is getting extremely coiled. + +&#x200B; + +[Heatmap of ETF FTDs \(not weighted by &#37;GME\). Each ETF is colored individually so they are on their own scale.](https://preview.redd.it/tzjywmtg4m871.png?width=2242&format=png&auto=webp&s=3d1b425ba9041c37465618d6181449f8d8ab3d19) + +The top third is the heavier ETFs. Look at those cycles. Fun stuff. + +&#x200B; + +**Why didn’t the new 002 rule do anything?** + +I tried leaving a few comments to explain this, but I'm sure a lot of people didn't see it. Remember they were ***already*** satisfying the requirements of the old monthly rules when the new rule came into effect. The deposit for the old monthly rule was already made. I don’t see any reason why they suddenly would be over budget from a daily check. The effects of 002 probably won’t be seen until the next GME run up. + +&#x200B; + +**Do the FTDs even matter?** + +GME FTDs, no... ETF FTDs, yes. The problems that were coming from the high numbers of GME FTDs have moved to the ETFs. Until the ETF FTDs hit a breaking point, GME will most likely stay flat and have an occasional spike like we saw on Wednesday. The way I see it, moving the problems to ETFs only delays everything at the cost of inflating the entire market. + +&#x200B; + +**When is the next big T+35 day?** + +Friday and Tuesday look decent. But history tells me it will be a spike and then settle again. They are putting in a lot of money to keep GME from taking off. + +&#x200B; + +**What does that mean for me?** + +Keep doing what you're doing. It’s building up. It’s coming, probably sooner than you think. Future posts will cover this. + +&#x200B; + +**Want to see something fun? GME is repeating itself.** + +The weeks after January are currently happening again at a higher floor. Why? I don’t know. It might have to do with quarterly options that have been open for a while. But I wouldn’t expect anything to happen for a week or two. ***\* not manipulated... I swear... hehe \**** + +&#x200B; + +https://preview.redd.it/cb1m05dm5m871.png?width=1097&format=png&auto=webp&s=5605fd333b0ac1d9b31c6ad16a290acd15d9202a + + + +**What about T+21?** + +I don’t know. I’m still not sure T+21 is a thing. I think there are other factors in play that ended up giving GME spikes 21 days apart. Possibly two T+35 cycles at the same time. I have reason to believe the spike in May and the two in June came from ETFs. These are the same reasons I don’t think there will be much longer to wait. A couple weeks… but more on that in another post. + +&#x200B; + +\--------------------------------------------------------------------------- + + + +Alright, that’s about all I wanted to cover as a follow up. Sorry it isn’t full of juicy content. I was waiting to post until I had real answers, but it’s taking longer than expected. The ETFs are the key to the puzzle and they’re hitting a boiling point. + + + +**TL;DR:** + +* T+35 with GME FTDs still is a thing, but GME is being suppressed pretty hard right now. +* T+35 with ETF FTDs works, but it’s not 35. It's 35 days from the puts being sold. I’ll have a new post in the future with more details. +* The driving forces behind GME have moved into the ETFs. +* HFs are switching back and forth between shorting GME directly and shorting the ETFs to keep GME consistently down. +* I’ll have a post about ETFs in the next 4-5 days. + +&#x200B; + + + +Also, I made a twitter account so I can post thoughts throughout the day without needing to write a full post. I don’t know how much I’ll use it. [https://twitter.com/dentisttft](https://twitter.com/dentisttft) + +I had to turn off most of my notifications. The best way to get a hold of me is by tagging me in a comment. It never notifies me of tags in posts… so make sure it’s a comment. I try to respond to all tags. + +&#x200B; + +Alright, pce\~\~\~ + +\- u/dentisttft +Been in this since the buy button was switched off. Ever since there has just been more fuckery more rule changes all in favour of SHF to keep their heads above water. They never closed and apes have not gone away. Mark Cuban said it a long time ago. I cannot lose if I just keep holding. If Reddit goes down I couldn’t give a fuck. Been in this too long now to just give up. I’ll hold for as long as it takes. Apes will eventually DRS the whole fucking float and watch Wall Street burn like they did in 08. +I spend \~200/300€ monthly on weed. Smoking for 10+years, for 7years daily. + +I don't wanna know how much I could have earned if I invested that money into something useful rather damaging my health. From this day, I will invest that money monthly into Bitcoin (DCA'ing), also I try to buy more on dips >10% and HODL until the next bullrun. + +Wish me luck, see you in a few years + + +\*Edit: Thanks for your input. I know that stop smoking weed won't solve my bad habits. +Right now, I have a higher possibility though, to successfully transfer those habits to other things like bitcoin. I will still try to work on myself, in order to find out what's my max. potential before it's time to leave. + +I've been investing heavily into Boeing for a few years and needless to say, these past 12 months have not been so kind for that company in terms of stock price (737MAX, Covid, etc). Do you all see BA recovering to pre-Covid and pre-737max disasters levels? Should I try to hold on for a bit in hopes of a recovery or do you think the entire airline industry is donezo for the foreseeable future? Serious question. Thanks. +Apple Inc is one of three largest publicly traded companies in the world with a market cap of nearly $1 trillion and a cash warchest of $200 billion. The company is not so acquisitive and likes to buy smaller businesses or start-up for talents and technology. However with iPhone -its biggest money maker- revenue declining and a global trade war between US and China -its most important foreign market-. So Tim Cook the company's CEO and the board decided to diversify the company and grow its services and new businesses and made thes five mega deals: + +1. Tesla acquired for $70 billion cash and stock + +2. Disney acquired for $250 billion cash, stock, and debt obligations + +3. Activision Blizzard for $30 billion cash + +4. Twitter for $20 billion cash + +5. T-Mobile for $50 billion cash and stock + +Apple's largest acquisition to date before making all these five mega deals, was buying Beats Electronic for $3 billion. +I am a large target stock holder and overall brand enthusiast. I like the stores and see a lot of promise in the space. But hot damn were earnings terrible for a second quarter in a row with a promise of more disappointment next quarter. I think the schism between Walmart and target earnings does show the impact of inflation on discretionary spending, but I frankly expected better still. It seems target overbought inventory they are moving at a loss and pushed to hard into the growth they saw the last couple years. 2022 was a huge setback and it seems the pain might not stop until inflation truly eases and perhaps a new corporate strategy is implemented + +https://www.reuters.com/business/retail-consumer/target-warns-dour-holiday-sales-launches-3-bln-cost-cut-plan-2022-11-16/ +Mine is a graph showing how far ahead or behind of my initially predicted FI date that I am: [https://imgur.com/a/0A8Pkrj](https://imgur.com/a/0A8Pkrj) + +Why? + +1. I prefer to think in terms of my time, not arbitrary dollar amounts +2. Am I on track? Not constantly worrying about "how far do I have to go?" +3. I want to follow long term goals, not today's stock price + +Obviously, I also look at other numbers, but this is the one that I keep coming back to. Really interested to hear what you all are tracking? + +EDIT1: [SPREADSHEET TEMPLATE](https://bit.ly/2zlCqcX) - By popular demand, I've created a template so you can create the same graph +(I did a lot of furious copying/pasting/modifying from the original, so please let me know if you find an error) + +EDIT2: A lot of people are asking for a clearer explanation of why I like this graph. [See this comment](https://www.reddit.com/r/financialindependence/comments/gqdm3y/which_graph_of_your_personal_finances_do_you_keep/frtkho5/) +Topic. Basically I've looked at some ETFs like SKYY, and it has had a return rate of 20% since inception in 2011. I am curious do ETFs usually follow the same return rate as the sector its tracking? So for example the total cloud market is currently at 300 bn, and is projected to grow to 2 trillion with a average growth rate of \~18% per year. Would that mean that cloud ETFs like SKYY should also give similar return rate of around \~18%? +Hey all, looking for a bit of advice and some of your stories. Long time lurker, first time poster. + +Firstly, I recognise my privilege of even being able to entertain these ideas and not having to support a family straight out of uni and living in a country where I have these liberties, I'm definitely aware of it. + +Grew up as a daughter an immigrant household so working hard was paramount, I did really well in schooling (public) and uni and was really driven and got into a good degree (Law) and have a good grad job lined up in consulting with a set career path, but after having done internships in the corporate sector, I realised it's not all that it was cut out to be. Combined with having gone on exchange prior to COVID in Europe and travelling, I feel like I've realised there's so much more out there than slogging away my best years. + +Consulting is stimulating enough, I know its a set career path that will set me up well when I exit and give me a comfortable life, but most people I meet who have been in the industry for years end up hating their lives and they all wished they didn't rush into it. + +I realise not grinding away at a corporate career from the get go will delay my goals of hitting FIRE and owning a house, but I don't think I'll ever regret making memories and travelling the world and doing all the cliche stuff in your 20s that people talk about either. + +Combined with the fact that home ownership in Melb/Syd is quickly becoming a mirage for people my age, factors like climate change and global warming, inflation, political instability around the world, who knows what the world will look like in 20 - 30 years when I may be rich from grinding away at the expense of living life in my 20s. + +Any stories/experiences/advice from other people who were high flyers and realised it ain't all that? Or conversely, any of these people who don't regret going into their hotshot careers? +Im 15, 2 siblings, 11 and 12, living with my parents. some stuff happened and my dad says hes leaving sometime soon. + +hes already made his mind, and it seems to be in the near future, maybe a month. + +we are already broke and have no financial backing. no relatives except on my dads side and due to the culture they wont be helpful. he just talked to me privately while everyone else is away. what do i do now? Australia here, need help as we have no plan on what to do. +Basically the title. My parents are being really really super stubborn and not wanting to write a will because they don’t believe in it ‘religiously’. They want me to sort out everything if they die. I’m trying to convince them they absolutely should because one of those things is that I would have to pay stamp duty on a house (which I can’t afford). About 350K in stamp duty which I absolutely don’t have. Is this true? The house has 0 debt so I guess it has that going for it but surely my parents are being dumb here. +Having some sort of existential crisis right now fellas. What are the chances that I can still make some profit? The fomo really got to me and I just had to buy this morning after the opening dip. + +Edit: Sold 7/23 AH at 2.64 a share. Thanks for the comments guys I appreciate all of you even the ones who told me I was in fact an idiot. (Maybe I am for getting in so late) I ended up making a little over 200 bucks on it and I doubt I'll go back for more if there's a dip. Wish you all luck if you're still holding. +I went from being homeless in January and broke as hell, working two jobs with no days off up until the middle of March and now I get to stay in my apartment, relax and take a breathe. Since COVID started I went from living paycheck to paycheck to now having the next two months of rent paid off, 1k in my checking and 1k in my savings. I’m going to use my savings $$ to go and get a certificate for medical billing and coding and I’m so blessed my life has turned around so fast. +🎉Welcome to💧WATER FINANCE 💧! 🎉 + + +Water is a new defitoken with a low mcap of under 400k and was released 3 days ago! + +Current supply is at around 840k with a token burn after every transaction! + +Water currently trades at 40 cents and is already up 8x!🚀 + + +☄️BUY $WATER: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x57f81252D1187754048F5aF1938226B9034B599f 🔥🔥🔥 + +🌠WEBSITE: https://www.waterdefi.com/ + +Telegram: t.me/waterdefichat + +contract: 0x57f81252D1187754048F5aF1938226B9034B599f + +Still less than 500 holders wich means theres huge upwards potetial! +Its not really a secret that there's big money to be made at this level. + +To those of you here who have managed it, what did your journey look like going from a regular 9-5 employee to landing that first c-level executive job? +Many months ago we crowdsourced a portfolio of reddit picks for 2015 + +Here's the link to the portfolio: + +https://docs.google.com/spreadsheets/d/1pAVUIFWAf13OF42f6OZ5smAtPRYKMiTz8lmWO3y-aKE/edit?usp=sharing + +Feel free to share thoughts, new additions, etc. +The fourth-quarter stock market rout that wiped out $12 trillion in shareholder value and sparked a bout of [Christmas Eve panic](https://www.bloomberg.com/news/articles/2018-12-23/asian-stocks-set-to-slip-yen-up-as-caution-reigns-markets-wrap) may have quickly been forgotten by most Americans, but not by the salespeople and financial engineers of Wall Street. + +No, the selloff, it would appear, wound up triggering fears that time was running out on the longest bull market in history. And so, when early 2019 delivered a miraculous rebound, they wasted no time in peddling all sorts of deals and arrangements that test the limits of risk tolerance: from health-food makers fast-tracked into public hands to stretched retailers wrung for billions by private equity owners in the debt market. + +&#x200B; + +[https://www.bloomberg.com/news/articles/2019-05-16/boom-in-dodgy-wall-street-deals-points-to-market-trouble-ahead](https://www.bloomberg.com/news/articles/2019-05-16/boom-in-dodgy-wall-street-deals-points-to-market-trouble-ahead) +Hello all. + +I have been reading about central banks amassing losses mostly due to the rate hike affecting their portfolio. + +Austria apparently could not have enough capital to cover those losses in their books, once materialized under further portfolio devaluation. + +Makes me wonder. What happens then with FED, EZB and others? I assume the government rescues them by printing money? + +One article https://www.reuters.com/markets/us/fed-track-tens-billions-losses-amid-inflation-fight-2022-10-28/ +Earnings expectations for U.S. companies are "deteriorating rapidly," according to a report from Morgan Stanley, which could exacerbate the stock market's year-to-date losses. + +“Reduced earnings estimates and unexpected negative economic factors could lead to a further 5% to 10% decline in the S&P 500,” Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, said in a note on Monday. "The U.S. now has the fastest deterioration in corporate earnings expectations of any region due to the severe 'over-earnings' of the past two years." + +U.S. stocks have tumbled this year amid high inflation, which the Federal Reserve is trying to tame by raising interest rates. The S&P 500 had fallen 16.6% this year as of Monday, and was on the verge of falling into a bear market last week. + +Against a backdrop of higher interest rates and high inflation, "positive earnings news has played a key role in mitigating losses in U.S. stocks," Shalett said. + +In Shalett's view, "2022 was supposed to be a harvest year." Following the outbreak, U.S. stocks have had "extraordinary" results in 2020 and 2021 thanks to record government stimulus. But the Federal Reserve is now tightening monetary policy to cool the economy to rein in the soaring cost of living. + +The “re-pricing of stocks was driven by a reset of inflation expectations, Fed rate hikes and balance sheet reductions,” she wrote. "Profits and economic forecasts have to be adjusted, and forecasts based on the level of a V-shaped recovery in 2020-2021 are inaccurate because that level is unsustainable." + +That "revaluation" has already begun, Shalett said. She sees last week's underperformance in the retail and tech sectors "because of excess inventory, high costs and weakening price-related demand" as a case in point. +**Why Director Holdings Matter** + +When I was new to the markets I made this classic mistake. Buying a company's stock but not checking much on the directors or their shareholdings. + +The job of a CEO is to work for shareholders to create shareholder value. Or so that is how it's supposed to be. + +The real job of a CEO is to promote the company and sell shares. This is especially true of many AIM listed companies that are not self-sustaining and rely on equity placings to keep the lights on and the salary coming in. + +Replace the word "CEO" with "sales person" and very often this will not change the meaning. + +We should always be careful of anything the CEO, or any director, says, because they will tell us what we want to hear. + +&#x200B; + +**Check how much stock they own** + +Directors will love to tell us how they are 'aligned' with us. However, very often when we drill down what they say is very often completely different to what they are actually are. + +A good example was a CFO animatedly telling at a conference last year how he was very aligned with shareholders because he’d taken £20,000 in the recent placing. + +I asked him his annual salary and asked him what this was after-tax. As it turned out, this was just over two months' work! The smile soon left his face when I told him this. + +Another trick management like to use is to tell investors they are 'incentivised'. Management often give themselves nil-cost options (free money at the expense of shareholders). + +They say this is to protect other companies from poaching the directors, but that doesn't explain why the remuneration committee (often ran by the same directors who decide their own pay) does not at least tie these options to performance. + +As far as I'm concerned, nil-cost options are legal theft. + +&#x200B; + +**Empire building** + +One problem that arises for shareholders when management are not aligned is that the directors are keen to build up their own empires whatever the cost. Acquisitions are considered not on their value accretive merit but on their impact on director egos. + +A good example of this is Totally, who have over the years acquired businesses using hugely discounted and dilutive placings. Would they have been so keen to acquire the businesses if it hurt them so much? As it didn't, we'll never know. + +Another problem on AIM is that acquisitions do not have to be put before shareholders. + +This means that directors can make grandiose plans and act on them without needing General Meeting approval. + +Directors who did not buy stock with their own hard-earned cash will not be aligned with shareholders when it comes to doing what is best for long term shareholder value creation. + +&#x200B; + +**Check where those shareholdings came from** + +Sometimes directors can own a lot of stock, and be the largest shareholder in a company, but that doesn’t mean they necessarily paid for it. + +Someone could create a company in their own garage, list it on AIM a few years later, and very quickly become a multi-millionaire without putting a lot of their own capital in. + +Their focus can then turn to promotion of the stock rather than progress because they need retail appetite to support the stock as they still need to cash out! + +CEOs that rapidly become wealthy can sometimes lose that motivation to become a success once they've cashed out a cool few figures. It's always worth checking if that is true of the director in question. + +&#x200B; + +**Entrepreneurial management** + +Management who do own stock and want to get rich by maximising shareholder value, rather than maximising their salaries they take from the company, are management worth researching and investigating. + +Always check director remuneration and director shareholdings, and ask yourself: are the directors working for themselves or is the company a vehicle to fund their lifestyle? + +There are no hard rules on this but you should be able to make up your own mind when looking at the facts. + +If you're going to take a serious position in any company then it's worth asking yourself: do the directors care as much about this business as I will? +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +Hello seasoned investors. I would like some general advice on choosing an investment strategy for my scheduled timescale. + +**Current Situation** + +Male (24) + +Living At home - £200 mortgage assistance + +Earn- £1720 pm + +Savings -£10k + +Credit Card Min paym -£100 + +Credit Card Debt - £1400 (No interest until 01/20) + +Student Loan- 8k (Min Payment) + +Pension Contribution- 5% +  +Available to invest - £800pm + +**Goal** + +Save enough for a house deposit by Jan 2020 (£15k). I should have setup a help to buy a few years ago but I didn’t forward plan my future. + +**Strategy** + +So I know the popular option is to start an S&S ISA with Vanguard and invest in one of the vanguard LifeStrategy 80/100% and keep topping it up every month, would you guys recommend that I start off with investing a chunk + monthlies (2k +200pm) or just the minimum monthlies. According to the UKPersonalFinance subreddit, I should have an emergency fund of 9 months expenses which works out to be ~ £6k, that leaves around £4k of my current savings left to invest. + +I have looked into investing with stocks and shares but I feel like with a full time job it would be very risky and similar to gambling without correct company research. Is there anything else you guys recommend I do in the meantime, I would say the most I can do is passive to semi –active investing. + +  + +Cheers in advance +I’m 18 and saved up nearly 18k from entrepreneurial projects and looking to invest maybe 10k into an index fund. +Is vanguard a safe bet or should I use a stock and shares ISA? +My family isn’t exactly financially literate so looking for advice here +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +Hi folks, + +I'm trying to make sense of trade data from [lse.co.uk](https://lse.co.uk), and wondered if anyone can help. + +Taking the BP data \[1\], my questions are: + +1. In the final column of each row, there's an \`A\` or an \`O\`, meaning "Automatic" and "Ordinary". Assuming "Ordinary" means an ordinary buy and sell order, what does "Automatic" mean? (yeah, automatic, but what does that mean?) +2. Some "Ordinary" trades (eg. rows 1, 2, and 5) are labelled "Delayed Publication". Why? Can a buyer/seller specify that they don't want the trade to be published immediately? Why would they do that? It looks like there was a £2m at 12:06; does delaying publication reduce influence on the share price? +3. At 16:35, there's an Uncrossing Trade sell order of £37m. I can get the definition of UT, but if somebody would ELI5, why this price, why a sell order, I'd be grateful. + +Many thanks + +\[1\] [https://www.lse.co.uk/ShareTrades.asp?shareprice=BP.&share=BP](https://www.lse.co.uk/ShareTrades.asp?shareprice=BP.&share=BP) +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +It's entirely possible that lots of you already know about this, but I stumbled upon a detailed morningstar x-ray of my funds in my Fidelity International S&S ISA account earlier. It shows you what countries and sectors you're invested in, and various other bits and bobs. Interestingly (for me at least), it shows you the top 10 companies you're invested in within all your funds etc. E.g my portfolio is 3.04% Amazon. It then tells you what funds/etfs/IT's Amazon is held in (e.g. in my case SMT was responsible for about half of that amazon stock). + + +To access it (no idea why it's hidden away like this) + +1. Log in + +2. From the summary page, click account holdings report (no, I'm not just taking you to the regular account holdings report page) + +3. Pick any comparison index from the dropdown menu + +4. Click view report + +5. Click export in the top right. This does not export a copy of the page you're looking at, but it downloads a much more in depth x-ray of your holdings in a PDF! + + +As I say, some people probably already know this, but I hope it's helpful for people like me who had no clue it existed. +Back in October 2017, Clydesdale ran an into bonus of £250 for their current account. + +https://www.reddit.com/r/UKPersonalFinance/comments/7872k2/clydesdale_bank_250_switching_bonus/ + +I was always quite curious how it worked out for them. It turns out BACS publish this data. (yeah, I should probably get out more). + +https://www.bacs.co.uk/Resources/FactsAndFigures/Pages/CurrentAccountSwitchServiceStatisitics.aspx + +So here are the results. + +Date|Gains|Losses|net gains/losses| +:--|--:|--:|--:| +|||| +Q2 2018|2293|9357|-7064| +Q1 2018|2030|13861|-11831| +Q4 2017|29005|6946|22059| +Q3 2017|1440|8219|-6779| +Q2 2017|1617|11083|-9466| +Q1 2017|1784|14641|-12857| +Q4 2016|1992|6650|-4658| +Q3 2016|2063|9779|-7716| +Q2 2016|4667|10747|-6080| +Q1 2016|6602|10268|-3666| +Q4 2015|9792|8022|1770| +Q3 2015|5595|8886|-3291| + +So 29005 people switched in Q4 2017. Normally they had about 2000 switchers, so I'd guess roughly 27,000 were for the switching bonus. So that's a cool £6.7m they paid out if everyone qualified. No wonder they pulled the offer so quickly (IIRC, it was less than a week or two). + +Since then, they've lost 23,000 customers. + +It's tough being a bank! + +I still have a feeling somehow I'm going to eat it and lose way more, but if they come after me for deficiency at least they can pull the call where he told me not to try to buy the spreads back since I'd have to pay over $5 and they're so deep in the money that they'll cancel out. +Today was very interesting. The CPI report came out optimistic with a 7.1% and so on. My thought process is that this is great because the Feds is going to 50 BPS and that will be good news for the market to rally on. after the announcement of the CPI report, the pre-mark soared like crazy already hitting the resistance. Usually, I would wait the first 15 minutes of the day or so on when days like this happen. But as the day go by, the market slowly sells off. While I look at the charts, I've noticed the market just, sold off giving away all of that pre-market gains. I'll be honest, if I did jump in I would have lost my money in frustration to this sell-off because the news that came with this pre-market was supposed to rally the market as well. So my question is, in November, when the CPI came out, the market went on an all-day rally and never looked back and the data was great. same with October as well. Why today did the market sell-off later on in the market? Was there something I'm missing to catch onto this price action? Was this a trap that could have been avoided prior to the CPI data report? I'm confused because I thought good news as this would rally the market based on the previous two reports that we saw that rallied the market. + +&#x200B; + +I know, if I can't handle it, then I shouldn't have traded it, but honestly, I don't like that type of response. I understand that, but for those that were able to profit off of today, how were you able to look at the data report, then see what happen intra-day, and then later on profit off of this on such a volatile day? That includes tomorrow/Thursday. It's kinda like a flip flop and when I document it in my notebook, the opposite happens the next day, and I have to scratch it off back to square one, and the cycle repeats. Also, technical analysis is all over the place now. you would think that it would break over resistance, but no, it was rejected on such good news. +After buying into penny stocks like an idiot teenager I had some rough losses. I’m trying to follow a strategy based on actual numbers and data, but don’t know where to go. What would you guys recommend I try doing to actually start profiting or doing better than randomly guessing? +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +PS: Be friendly. Be civil. +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. +Hi. +I have read many posts here where people say the nifty is expensive basis PE and future returns will probably be low. + +But this blog says otherwise + + +https://www.capitalmind.in/2020/03/charts-the-p-e-of-the-nifty-50-is-close-to-a-five-year-low/ + +Given the fact that I have moved to an index based portfolio, this is encouraging if true. + + Is the nifty still expensive as per your calculations? If yes, why does this blog say otherwise? +Boris Becker had it all — six grand-slam tennis titles, models hanging off his arm and luxury houses all over the world. +At the height of his career, the German ace had amassed a reported $63 million in prize money and sponsorships, but now the man once known as “Boom Boom” for his ferocious serve has gone from boom boom to bust. +Now 49, Becker was declared bankrupt by a British court Wednesday, capping a fall-from-grace story that saw the one-time wild child go from Wimbledon champ to walking headline by blowing through money, women and business ventures in retirement. +His lawyer pleaded for more time and “one more chance” to make good on debts he has racked up in retirement. +But the judge said, regretfully, the man she had once watched dominating center court has already had plenty of chances. +“One has the impression of a man with his head in the sand,” Registrar Christine Derrett said. +The above news of Boris Becker, Six times grand slam winner and one of the most successful tennis player, becoming bankrupt sends one of the most powerful message to all the youngsters of today. "Success is never permanent. Plan well when the sun is shining coz failing to plan is planning to fail." Financial management is most crucial lesson one should learn in these uncertain times. +What are thoughts of this community on Kotak's NFO for Nasdaq 100 FOF? + +Portfolio funds: +1. iShares NASDAQ 100 ETF USD Acc + +2. Lyxor NASDAQ 100 ETF Acc + +3. USAA NASDAQ-100 Index fund + +4. Or similar overseas ETF and/or Index Fund based on NASDAQ 100 Index + +Yes I am aware the risks with NFO. I am looking to invest long term starting with small amounts. + +I would like to know your thoughts on few things: + +1. How do you think it will fare against similar funds of Motilal Oswal and Parag Parikh? + +2. How will USD-INR rates fluctuation affect returns? + +3. What are tax implications of such funds for Indian resident? I am not looking to invest a lot and don't want to spend more efforts in the already laborious tax filing process. + +4. Anything else I should be aware of? +Dear money minders of India. +Whatever be our political opinions demonetization is upon us and going cashless and electronic is now the game. I am trying to put together a guide for the common man to go cashless. I need your help in compiling the available options, the modes and how they work, the charges one may incur and best ways to do it without loosing all wealth to scammers and phishers. Friends , this is serious effort and that is why I ask here and not at r/India. Please give the best information and if possible back it up with links please. +Let us make it a comprehensive guide. I know this is not necessarily the mandate of this sub, but let it be your contribution to India because you can. +Appreciate all your efforts. + +**Edit 1.** (1 dec'16) + + +Priority for Low risk , Low fees, Free to receive methods + + +**UPI - Unified Payment Interface** - National Payments Corporation of India guided. + + [Wiki] (https://en.wikipedia.org/wiki/Unified_Payments_Interface ) + +[A nice video in Hindi] (https://www.youtube.com/watch?v=JwZWDE3-qQM ) + +[Why UPI (English)] (https://www.youtube.com/watch?v=501kafdgof8 ) - More from same Channel exists. Will add later. + +With UPI any banks UPI app will work with the other banks. You don't need an ICICI bank app . You can use a SBi app to handle icici account. So best app wins. + +**NEFT - National Electronic Fund transfer** + +- Bank Specific + +- Limit - Upto 10 lakhs + +- Free to receive but charged to send - Rs. 2.50 upto Rs.10k, Rs.5/- for 10k to 1Lakh, Rs.10/- for 1 to 2 lakh, Rs 25 above 2 lakh. + +- Time restrictions. + +- Settled in Batches + +**IMPS - Immediate Payment Service.** [WIKI] (https://en.wikipedia.org/wiki/Immediate_Payment_Service) + +Fees same as NEFT + +**RTGS - Real time Gross Settlement** - [WIKI] (https://en.wikipedia.org/wiki/Real-time_gross_settlement) + +**IMPS VS RTGS VS NEFT** - [All in one Video comparison] (https://www.youtube.com/watch?v=JJeicP8tDP0) + +I am looking at Electronic fund management options only. So conventional instruments like DD and Cheque are not being covered in this Guide. + +~~Though nobody mentioned~~ we probably need to document PAYTM and similar methods too with adequate info on their fees, risks and commissions. + +Sorry. Got busy. EDIT -7/12/2016 + +Saw this wonderful thread listing all UPI apps and detailing it in r/india subreddit. [Link is here] (https://www.reddit.com/r/india/comments/5g3dul/here_is_a_list_of_all_the_upi_apps_currently/) + +Here is a [nice video] (https://www.youtube.com/watch?v=orh8ocVXrks) about transactions through regular dumb phones and ISSD (in Hindi). +- L&T — shitty website. If you have regular funds with them, good luck with direct investing. It's a bloody maze, the website is. Also, no customer support. No phone numbers. The best funds are run by them. Amazing. + +- Reliance — doesn't even list their best performing Small Cap Fund in the drop down menu of direct funds. What the hell! + +- IDFC — bad website, utterly confusing menus. But still, slightly better than the above two. + + +**Aggregators:** + +- MFUtility — hello 90s, I missed your website design. The entire thing is confusing. There's supposed to be a separate account number which links everything. And that needs verification and isn't instantaneous. + +Suddenly Kuvera is the only option. Or regular funds. +Pardon the cheeky title, but do you ever worry if your portfolio is getting too Franklin-heavy? In theory, this question could apply to any AMC, but Franklin seems to be a top recommendation across many different segments. + +For instance, in the UST Debt space, Franklin is gospel. +Liquid fund? Franklin Liquid is a trusted name. +Generally in the debt space, Franklin is king. +Mid-Cap? Franklin Prima is the way to go. +Small-Cap? Franklin Smaller Companies is an oft recommended name. +ELSS? Franklin Tax Shield has a fervent following. +International Equity? Franklin US Feeder is your friend. + +Is there such a thing as AMC risk? Does it ever make sense from a risk-mitigation standpoint to go for a fund from a different AMC even though your first choice has a better track record, processes and managers (perhaps because you are already invested in 3-4 funds from that AMC)? +Unpopular opinion - Most people are pessimistic about Nifty 50 insane pe valuation. Here is what I think is most likely to happen. +1. Markets remain overvalued and they remain for a long time. +2. Indian markets are going to oscillate over a very narrow range over the next few months or so. The range shall be around 11700-12200. The PE ratio will come down with time. +3. Top stocks (HDFC, IT, HDFC bank) have been growing consistently and in 2 quarters the PE will come down. +4. Public Sector Banks like SBI as well as some major banks(ICICI, Axis) with issues over the past year or so have recently started to turnaround. +5. Lack of investing opportunities globally due to market volatility and US- China scenario makes India one of the better bets along with Brazil for Foreign Investors. Foreign inflows are up. + I expect the PE to come down naturally as profit increases and the index remains stable. + +Just my few words. Excuse me for bad mobile formatting. + +What does everyone else think? +I am writing this post because I am very concerned that we will not be able to vote in time and that our broker will take away our right to vote. I've got a huge diversification of Brokers, so no worries about that. Nevertheless we have to take care of our shareholders rights. + + +No more support for TradeRepublic! +https://imgur.com/a/nTiVGuv + + +They haven't answered one single mail regarding voting after we got our Confirmation of shares, which is worthless.. a lot of users mentioned the broker has to provide control number + + +http://imgur.com/a/We4NRmQ + +So let's get through this. + + +Therefore, here are some information: + +#Email: service@traderepublic.com +#[Twitter](https://twitter.com/TradeRepublicDE?s=09): @TradeRepublicDE +#Website: https://www.traderepublic.com/ + + +Many of us have also contacted the Financial Supervisory Authority (BaFin) and written some questionable articles on the subject. So far, however, without any feedback. + + + +So let's paint the town red and get loud on social media. Here are some examples of my attempts: +* [Tweet](https://twitter.com/LuBrooo/status/1398501674633863169?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1393999210165510155?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1399258434843955203?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1398686024566444033?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1398237608858243072?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1397860356354097152?s=19) + + +I'm happy to be part of such a strong and helpful community. Let's get shit done. + +EDIT1: +AS u/Floo433 stated: + +>English translation of their mail from Friday (Mai 28th): + +>Hello Ape, + +>regarding ordering voting cards from GameStop Corp. we have received new information. + +>Contrary to the original information, the voting cards are issued in your case directly via GameStop Corp. instead. To get a voting card, you have to contact the Investor Relations department of GameStop Corp. whose contact details can be found on the website https://investor.gamestop.com/home. + +>To apply for the voting card at GameStop Corp. You need an inventory confirmation for the record date, April 15, 2021. In this case we will issue these to you free of charge. Please reply to this email to receive your inventory confirmation. With this confirmation you can contact the company directly at investorrelations@gamestop.com to order a voting card. + +>Please note here too that participation cannot be guaranteed with the confirmation, but depends on the company. + +EDIT2: credits to u/DarthMacintosh for the picture. ❤️ + +EDIT3: I just saw that our hero u/HeyItsPixeL just tweeted as well [here](https://twitter.com/heyitspixel69/status/1399723898250444816?s=19). Awesome, thanks a lot! +I recently got my pilot’s license. Still far from far fire but I’ve thought my way into a pickle. My intuition is this is a bad idea but here it goes… + +Background + +29 years old NW approx $1.7mm + +Breakdown approx $700k liquid, $300k in real estate investments, $100k buried in the stock market forever, $300k equity in house. $350k accounts receivable. + + +This has been my best year. As of now I made about $1,500,000 this year in take home. I’m able to defer $500k to next year where I plan to purchase some more real estate and try to get as much depreciation as possible. Meanwhile, I have probably $250k in expenses + depreciation against the remaining $1mm. That makes my net income approx. $750k. My income is relatively stable and will be similar within a 25% margin the next two years. + +I just got my pilot license. I plan to use my newfound ability to fly clients and travel for work more than 50% of the time. + +I am playing with the idea of buying a cheap plane. Only now I’m looking down the barrel of a $300k tax payment at 40% bracket state + federal. I’m considering buying a $500k plane instead. This is a lot more than I’d like to spend. However, i can’t help thinking if I can write the whole purchase price off this year and hold it for five that’s effectively $200k off a plane that would otherwise be going to the tax man. + +Am I thinking about this wrong? It seems ridiculous to spend that chunk of my net worth on basically a toy but either I write the check to buy an asset or I give it to the government, right? + +Please don’t flame me. Just looking for reasonable advice +I've noticed a scam mail that is going around the internet recently claiming that mtgox has decided to return customers their bitcoins. + +It goes by + +>Have you lost your MTGOX Coins? +> +>go watch our news to claim your Bitcoins back! +> +>http://www[dot]bitcoinbreaknews[dot]com/mtgox-lost-coins + +I decided to investigate the url in the email with my virtual machine and the website looks exactly the same from WSJ video portal, except that the video is unable to play and requires the installation of adobe flash player. + +Following the instruction, the filename downloaded appears to be InstallFlash.rar. There are 3 files being extracted, namely Adobe_Flash_Installer.exe, LICENSE and README.txt + +After clicking onto the malicious Adobe_Flash_Installer.exe, the file will immediately disappears. + +It is apparent that the malware has installed onto the virtual machine. However, no obvious indication can be seen from task manager. + +Nevertheless, through packet sniffer, the machine began to make connections to IP address 5.104.105.194 and attempts to download multiple malwares from the IP. By listing the directory index, the IP appears to host multiple files namely: news.exe, test.exe, BTCChart.rar + +My investigation stops here. Be careful guys, malicious programs are disgusting in more creative ways now. + + +Here are the details of the IP address: + +5.104.105.194 + +Provider: Myloc Managed It Ag + +Country: Germany + +[Here are the screenshots of my investigation.](http://imgur.com/a/sZsLw#AeByegJ) + + +**I know that many people have lost a significant amount of btc due to mtgox. This is the least I could help, which is to help prevent anyone from failing into this scam** + +P.S I'm the same guy who posted the [sourceforge malicious trading program](http://www.reddit.com/r/Bitcoin/comments/1y24x2/malware_do_not_download_cryptocointrader_from/) few weeks back... +And it's easy to see why. If you look at their share price they have both taken massive hits last year. DB never really recovered from 2008 and they're involved in the Wirecard scandal too, though more as an innocent party. Credit Suisse are still staggering from Archegos collapse and if last week is anything to go by are already dead in the water. + +The sentiment for CS is poor. They randomly upgrade UK banks days after almost total annihilation of the UK economy and then state they have strong capital. A day later the WSJ states CS needs capital. Client margin has dropped from 8bill to just 25mill (per client) in just over a year. +There are also warnings from the banks CEO that 'the worst is yet to come' and to paraphrase: CS needs massive restructuring. They are so closing many parts of their business. This is all very reminiscent of.... + +Lehman Brothers, who caused 2008 with a debt of around 600bill (according to Wikipedia). I don't know how much debt CS is in. I don't think they are as big as LB ever where. I think CS could either be purchased or be allowed to die and get swallowed up. Deutsch Bank however, that's a different story. I think if both go, world is screwed. If DB goes world is screwed. If it's just CS I think we just get a bit more can kicking. + +Further to this, CS Group AG (The main one) credit rating has gone from A's all round in 2020 to: + +Moody's Baa2 negative +S&P BBB negative +Fitch BBB negative + +https://en.m.wikipedia.org/wiki/Lehman_Brothers + +Do yourselves a favour and read the bit about their collapse. 10 minutes on the toilet of good reading. See the similarities between LB and CS and be prepared. By the way, LB collapse was the next business day after an emergency Fed meeting. + +Further sources - staff being reassured: + +https://www.msn.com/en-gb/money/other/credit-suisse-boss-reassures-its-staff-after-share-slump/ar-AA12uryM + +CS has strong liquidity, lol: +https://www.msn.com/en-us/money/companies/credit-suisse-has-strong-capital-base-and-liquidity-ceo-memo/ar-AA12rQle + +CS upgrading UK banks (likely asking for money): +https://www.proactiveinvestors.co.uk/companies/news/994188/lloyds-banking-barclays-natwest-in-favour-despite-market-turmoil-994188.html + +CS prepares for critical moment: +https://m.economictimes.com/markets/stocks/news/credit-suisse-is-at-critical-moment-as-bank-prepares-for-latest-overhaul-ceo-says/articleshow/94595992.cms +Their response was "But sir, all banks will soon treat Crypto this way"..... + +And I laughed, and laughed and laughed. I then said absolutely, and they will be known as the ones that went out of business. + +Pretty pathetic that they spout this garbage messaging out there as an attempt to spread more FUD. I've had zero issues with CIBC, who actually happens to be a Ripple partner up here too. + +Silly BMO, you'll lose all your customers.... + +Edit: I closed my credit account because they were denying both credit and debit accounts for Cryptocurrency buying. + +Edit 2: the only downside to this post being popular is all the dipshits bleeding in from across Reddit telling me how stupid I am for investing in Crypto. Or maybe it's an upside, given the entertainment factor. +Based on the number of posts in the last two weeks about declining portfolios, it seems that a lot of our new members in /r/personalfinance are finally getting a taste of real stock market volatility. + +As I write this, the S&P 500 is down about 30 points (-1.58%). 6 years ago to the day (!), the S&P 500 dropped 90 points (-9.03%). Days like this simply happen every once in a while. Getting caught up in the hysteria is what separates good investors from bad. + +A list of things you *should* do on days like these include: + +* **Review your asset allocation.** If a 1-2% drop in the value of your portfolio has you shaking, imagine what a 2008-like bear market (-40 to -60%, give or take) will do for your nerves. + +* **Ignore the noise.** You can bet that roiling financial markets will absolutely explode on TV and certain corners of the interweb. Ignore the doom and gloom to the extent you can. + +* **Rebalance from bonds to stocks** if you haven't in a while. The past couple weeks' performance means that you may be off your target asset allocation by a significant amount, depending on your method of rebalancing and triggers for doing so. + +* **Keep things in perspective.** If you're investing correctly, either your time horizon is long or your asset allocation is one you're comfortable with. If you're young, even large market swings probably aren't going to matter that much when it comes time to retire. If you're older, your investments should be more conservative in the first place and hopefully you aren't as worried. + +* **Turn your worrying into something positive.** Instead of worrying about your investments, turn your fear into motivation for something positive, like improving your job performance (decreasing the likelihood of being laid off if things get *really* bad), reviewing your finances, or stocking your emergency fund. + +**Remember**, it is human to be averse to losing money, even if your losses are on paper. Smart investors *keep* those losses on paper. + +"Staying the course" is probably the most difficult aspect of successful investing. Use the market's recent performance as a barometer for how you'll perform in a true crisis, and make the necessary adjustments before it's too late. +People say I should diversify my assets, but i feel so strongly about bitcoin and its future and that this is a once in a lifetime opportunity to get btc for a cheap price. +I only keep enough fiat to last a month or so, and after i get paid i put whatever is left over into btc. My 5 year retirement plan :) +[https://www.cnbc.com/2022/08/10/consumer-prices-rose-8point5percent-in-july-less-than-expected-as-inflation-pressures-ease-a-bit.html](https://www.cnbc.com/2022/08/10/consumer-prices-rose-8point5percent-in-july-less-than-expected-as-inflation-pressures-ease-a-bit.html) + +&#x200B; + + The consumer price index, a measure of inflation, was expected to rise 8.7% in July from a year ago, according to Dow Jones estimates. Core inflation excluding food and energy was forecast to increase 6.1%. +First of all I would like to start with saying that people really need to research more. This sub is so different compared to when I started in '17. Back in 2017 people were very helpful and actually listened to what others had to say. Right now you are getting attacked or called ' FUDster ' when you are just trying to explain something to people. Don't even get me started on the crypto tribalism where if you say ' I like coin x ' you are a shill and you get attacked by all the other tribes. + +Its a pity because I found this sub to be very helpful when I started myself. + +&#x200B; + +Anyways, what is this thread about? + +&#x200B; + +So remember when Binance ( [CZ tweet](https://twitter.com/cz_binance/status/1123048279124500480) ) was saying that it was moving its funds to another address with ***ONE LARGE transaction***? Well it turns out that did not happen! The original address has been drained with about 10 transactions to the new address. But hold on, the new address only has *42M Tether* at the time of writing this and the original one had over 780M! So where did the rest go?? The answer: Different addresses, thousands of them. + +&#x200B; + +[This video](https://www.youtube.com/watch?v=FAOX7Hcdrag&t=1s) explains all of it perfectly and has all the evidence you need ( skip to 1:00 if you dont want to hear the troll song intro ). Please watch the video before calling me a FUDster or shill or whatever. You guys have no idea what is going on behind the scene and the person in the video has done some solid research. There is no point in repeating everything he says in text form. + +&#x200B; + +I find it quite suspicious that this is all happening in the same period as when Ifinex is having difficult times. The parent company of Bitfinex called Ifinex owns both Tether and Bitfinex. For the people who didnt know Tether [is getting sued](https://ag.ny.gov/press-release/attorney-general-james-announces-court-order-against-crypto-currency-company-under) by the New York State Attorney General for covering up a loss of $850M. + +All of this leads to uncertainty and no wonder that over 30k BTC has been withdrawn from Bitfinex the past couple of days as you can see from the photo below. People are getting their funds off the exchange and are putting it in cold storage/sending it to other exchanges. + +https://i.redd.it/bg93u5zh8dw21.png + +' Thats just a coincidence dude what are you talking about stop fudding dude. ' + +Well explain why not only BTC is getting withdrawn but Ethereum as well, and LOOK at how much is being withdrawn. Thats over 40% withdrawn in the last week on ***Ethereum***. The BTC price pump, Binance Tether transactions and the NYSAG investigation of fraud is all happening at the same time and no one is batting an eye. + +&#x200B; + +https://i.redd.it/ylomp8aa9dw21.png + +Like I said everything is explained perfectly in [THIS](https://www.youtube.com/watch?v=FAOX7Hcdrag&t=1s) video. The youtuber called Chico Crypto has done tremendous and solid research on these topics. It would be a real pity if this thread would get flooded with the same old 'FUD allegations' instead of constructive criticism. I'm all for good research and discussions but the evidence shows that there is some serious stuff going on behind the scenes. + +Edit: Im not sure why the mods flaired my thread as misleading. As things stand no one in the comments was able to find the missing 100M tether and the rest of the bitfinex saga still stands. + +Like I said in one of my comments before I dont expect to be 100% correct. I just like to bring things to the discussion table to be able to talk about it. My intention is to discuss research with each other which should be done more in r/cryptocurrency. If Im wrong Im perfectly fine with that, but as things stand its all still not clear. +This recent stock market correction was just that...a correction. Nothing to it, business as usual. Easy to hold assuming your AA is in the right ballpark. But what about a full-on crisis? + +I'm still 10-15 years away from early retirement so it's naive to think we won't experience another crisis similar to 2008-2009 at some point in the future. I was able to hold (and keep making contributions) through 2008-2009 but I didn't make any aggressive moves like hindsight shows that I should have. + +Assuming we have another crisis that cuts the S&P500 in half, what would be your gameplan in that environment? I'm currently at about a 60/40 AA. If the market got cut in half, I feel like it would be smart to make a significant shift towards equities above and beyond my baseline AA. Do you all have a specific gameplan like shift x% from bonds to stocks when the market goes down x%? I'm not talking about standard rebalancing bands. I'm talking about 2 or 3 times in an investment lifetime aggressive moves. Thoughts? + +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I get a sense from watching the market in the past years and company fundamentals matter less and less. Seems like as of late you make gains by simply riding the wave of investor sentiment regardless of where the long term road leads. Oddly enough, this sentiment, which often seems irrational, seems to be propping up companies with failed business models since those companies can cash out on the stock gains. I fear this is going to end very badly because eventually there could be a sudden and deep shift, leaving certain stocks or sectors in a very bad downward spiral. Akin to the tension that springs a significant earthquake. Then when the volatility hits, its about which way the Fed and Congress decide to move. + +Is this logic flawed and if not, what percent of investors are successful focusing on investor sentiment and not fundamentals? +I am trying to establish a new source of income, and algo trading seems promising if you can optimize it. While acknoledging the opportunity of algotrading, i am considering the cost and return of specifically retail non institutional algo trading. + +For retail algo trader, with significant experience, does retail algo trading worth the invesment of your time, money and efforts. What is your expected annual return? Do you allocate fulltime or on the side project? + +I am trying to consider the feasibility of algo trading. + +TLDR: +I want to know your experience doing retail algo trading and the financial state of retail algo trading. What is the financial conclusion of retail algo trading as a whole? +Which platform is better for AlgoTrading? Interactive Brokers (IBKR), or Alpaca? + +I'm in UAE so it seems reasonable to open an IBKR, but i want to know how good IBKR's API is compared to that of Alpaca (NOTE: I had to stop using FXCM's API as it's terrible) +Summary: + +I’m short, I’m looking for access to ToS Time & Sales Streaming data. I can view the encrypted packet stream via Wireshark and ultimately export as c arrays for LT storage. I’m seeking the location of the client side key during the session in order to decrypt the packets. + +Full Context + +As some of you may know, a subscription to historical and live T&S data for options is expensive. Too expensive to be able to try out some strategies or algos that aren’t yet proven. +I’m looking to capture unusual options activities and compare it with the underlying instrument. (Amongst other things). + +Here’s what I’ve tried/done: +ToS Web API doesn’t not provide Time & Sales for options. ToS WebSocket stream documentation states a subscription to TIMESALE_OPTIONS exists, but the feature was disable last April. (As I’ve read- I will seek link and update this post) + +--------- + +EDIT: +Also I've tried this: https://github.com/jeog/TDAmeritradeAPI This uses RDT. It's basically a local API severed by the ToS destop app. One could tie cells directly in excel. Unfortunately, the servers doesn't supply the T&S options data. + +Also this: https://github.com/areed1192/td-ameritrade-api +I haven't looked into sigma coding detials, but I know he uses the Web API which also doesn't support T&S for OPtions. + +--------- + + +My current solution is a local script which captures the screen data via Ctrl-a, Ctrl-c and then stream the clipboard to storage (with additional processing). Though this works, it’s a very cumbersome approach; limiting the number of scans I can accomplish in a short timeframe. I’d like to loop through a list of about 500 stocks (lots of contracts to filter through) throughout the day. + +Documentation and online help guides indicate a fairly easy method of using a client side key (created during every TLS web session) to decrypt packets. However, this documentation references web based applications running in a browser (usually Chrome) which store the key in a local ENV Variable. + +ToS desktop app utilizes the same TLS protocol as the web based apps. In fact, the stream of packets in Wireshark is indistinguishable. I’m sure the key is stored locally, but haven’t been able to locate it. I did search the ToS log file (clientlog) without luck, but maybe my brain is just overloaded. + +I’m hoping to wake up with some direction. Good night ;/ +A bit of a noob question about trading multiple currency pairs. Let's say I want to go long on EUR/CHF, but In my broker account (IB for example if that helps) I have only USD. Do I normally borrow CHF from the broker to enter the trade, or convert my USD directly to EUR or something like that? + +&#x200B; + +The context for the question is that I wonder how one simultaneously daytrades 10-15 different currencies pairs, just trying to figure out what's the normal procedure. +Hello, im from Greece and i want to do a MSc abroad in CS (Machine Learning) or Maths (Quant Finance). Im currently studying CS and i would really like to get involved with quantitative trading. + +UK is probably the best choice atm but im really confused with Brexit so i think im gonna stay in continental EU. + +Netherlands has a lot prop trading/HFT/market making firms in Amsterdam. + +Switzerland has some very big commodity trading firms and hedge funds and lately has become a crypto hub. + +France, Germany and Luxembourg might have some quant stuff going on too but i dont know much. Any ideas/opinions/thoughts? Please enlighten me!!! +I want to set up a SQL database for remote access but I'm having problems figuring out how to design the database for maximal query speed & clarity. + +My current design has one table that stores raw prices and another table that provides the symbol detail. Naturally, the first table gets really large with thousands of symbols and I'm not sure if just splitting it up into smaller tables is best practice or there's a more elegant solution. + +I also keep a small table of (>2yrs EOD data) for intraday lookup that I update every day but then there's also a huge table for all prices history that I update weekly when I backtest. I wonder if there's a way to avoid the overlap but also keep the read/write time down? + +I'm a beginner so any tips on optimization would help too +Remember those days during the dip when everyone was asking "who is holding"? Today no one asks everyone buys the fucking dip!!! Proud to be a part of this awesome community! APES all over the world holding together. +LETZ FUCKING GO TO THE MOON🌕🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍❤️❤️❤️❤️❤️❤️❤️❤️🦍🦍🦍🦍🦍🦍🦍🦍🦍🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🦍🦍🦍🦍❤️❤️🦍❤️🚀❤️🚀❤️🦍🦍❤️🦍❤️❤️🚀🦍🚀🚀🚀🚀🦍🦍🦍🦍🦍🦍🦍 +https://www.bloomberg.com/graphics/2018-tesla-tracker/ + +With all of the posts on Elon's personality going on, I figure I might as well post something that's actually relevant to TSLA the company itself. + +Its hard to keep up with all the rumors behind the Model 3's manufacturing rate. There's been rumors about a SiC Mosfet shortage, large amount of rework needed, and things of that nature. Today, Elon removed two color options on the Model 3 (which should improve the production rate slightly). + +In any case, it seems like the 5k / week from July was an unsustainable figure... or maybe a "burst mode" figure at best. It may be a bit longer before the Model 3 actually sustains 5k/week production. + +Or maybe not? There were a good 4 weeks of ~6000/week or ~5000/week production in July and August. So maybe this really is the SiC MOSFET issue coming up? +Hey guys. Ive been into BTC for nearly 2 years now. The longer time carries on, the farther down the rabbit hole I go. + +Typically, I have been DCA'ing every pay day up until a week ago. I have always thrown whatever extra change and money I have laying around into it. I no longer buy stocks as it always feels too much like a gamble. I can never just be happy holding stocks. It was like chasing a high finding the next 'money maker.' The banks must have loved me and all the stupid fee's Id pay buying and selling as I carry on the chase. + +But then Bitcoin entered my life. And life became easier. Stocks became meaningless. A Maxi I became. No more stocks. Savings being placed entirely into the soundest money of all time: Bitcoin. + +Fast forward to January. My father has a fatal, and extremely rare stroke; a Cerebellar Stroke. You would never have seen it coming. Not your typical stroke symptoms. 2 weeks later after a battle in ICU he passed. He didn't leave much. He was a free spirit. Retired early, and lived and travelled in a van. My step-mom, who he divorced a decade ago, kept paying his life insurance that he neglected to pay. + +So with many thanks to my step-mother, I received inheritance. + +First thing I did, I paid off debts. Helped the wife pay down a lot of debt. Upgraded the house.... slightly. Nothing too major. + +Im keeping a bit of fiat in savings. Sadly, letting it get eaten away from inflation. + +The rest, I dedicated to buying up the remainder of what I need of a whole BTC. Total cost roughly, $35,000 USD. + +Enter: The Royal Bank of Canada. Canada's biggest bank. A bank of which I have been with for many a year. I have savings accounts with them. I have a larger LOC with them. I used to use their investment services. + +Banks are not your friends. I am aware of this. + +But, honestly, its 2022. The banking system is stuck in the 1980's. + +This past Monday, March 21st, I went to the bank to wire the $35K to NDAX, a leading Canadian Crypto Exchange (0.2% buy fee, $15 transfer out fee). Did the paperwork, confirmed the info, and boom, done. Later, the advisor from the bank called to ask me some questions from the Anti-Money Laundering department. Cool, a couple verification questions. I answered honestly. Advisor said "great, expect to receive the wire tomorrow." + +Tuesday, nothing received. This is a domestic wire transfer. Should take a day, tops. + +Wednesday, March 23rd, Im in the bank again. Branch manager tells me the wire was flagged as "too risky." You cannot imagine the disbelief in me. The bank was deeming what I was doing with my money as "too risky." As if they had some control over what I choose to do with my money. Its sad enough its 2022, and there isn't an easier way to send $35K, which honestly isn't even that much damn money in todays age. + +After raising a stink, and showing the branch manager my Bitcoin tattoo, I informed him I was "WELL AWARE OF THE RISKS." I also had to mention that its risky leaving my savings in a bank that has a less than 1% interest rate in their savings accounts. I was asked to show proof that I have dealt with NDAX before. I was asked if anyone told me Id make a fortune buying BTC? Standard money-laundering questions. Check-Check-Check. Passed the test, AGAIN. + +Manager put a word in with Wire Transfer department, and the money was finally taken from my account. + +Thursday rolls around now. Still, nothing. Nothing at all. Money, stuck in limbo somewhere. In some sort of electronic bank cloud. + +Today. Friday. Guess where I am again for a 3rd time? The fucking bank. More times in 1 week than in 2 years. Remember everyone... its 2022. Nope, sorry, I cannot call them because when it comes to wires I have to physically enter the branch I sent the wire from. + +This time I get branch manager involved, a co-manager involved, and of course an advisor. All looking into this shit for me. Im livid. Its Friday. The original wire was supposed to be sent Monday. Tomorrow is a weekend. WTF?!? + +Turns out, under money-laundering investigation, AGAIN. More questions asked. Anyone put you up to this? Have you used NDAX before? How did you hear about them? Are you going to do business with them again? Blah blah blah. I passed again. I was told then to await an email or a phone call when this has all been settled. 2 hours pass. I email the branch manager, livid. Nothing still. + +Then, around 3PM, I was told the money was released. + +Guess I have to wait the weekend to receive it on Monday. Those fuckers at the bank! + +But no! As soon as NDAX received it into their processing, I received the wire transfer! 530PM Pacific time! Last minute. + +Of course everyone will say 'HEY! DCA that shit!" I get it. I DCA'd for so long that it was just nice to cop what I needed and throw it into Cold Storage. The few dollars Id save DCA'ing mean nothing to me in 10 years. Its nice to just have a solid 1/21,000,000, and to take it off the market. + +But that's not the total point of this at all. We need to all be happy for each other for any amount of BTC we have at any cost we got it. This is the future. This is the sound choice. + +The point is this tho: + +Banks are not your friends. Banks consider you GUILTY UNTIL PROVEN INNOCENT when wiring any sort of money. + +And this my friends.... is why we Bitcoin. + +Peace and Love Bitcoin Community. +The value investing folks thought this would be better posted here. + +Data is taken from table 1 - History of US Equity Bear Markets - from Bank of America’s Global Investment Strategy. + + +The bear market numbers: + + +*All time* + +Average Down - 37% + +Fall time - 1.9 years + +Recovery - 3.5 years + +N = 19 + + + +*All time (excluding highest/lowest outlier)* + +Average down - 35% + +Fall time - 1.5 years + +Recovery - 3.1 years + +N = 17 + + + +*Last 100 years only* + +Average down - 46% + +Fall time - 1.8 years + +Recovery - 5.4 years + +N = 10 + + + +*Last 100 years (excluding highest/lowest outlier)* + +Average down -43% + +Fall time - 1.7 years + +Recovery - 5.1 years + +N = 8 + + +Everything is in nominal terms, because for 90% of us, the actual choice we have is between cash and the market. + +I am calling this the “Lockdown” crash because the lockdowns of 2020/21 (and the policies associated) are the cause of the supply side and consumer demand issues that have been the prime mover of the inflation that has trapped our monetary policy and is now causing a crash, in contrast to the “Covid Crash” of 2020. I didn’t come up with the name....just the first one I’ve heard that makes sense. + +This is not a fear post. + +My ongoing analysis is of the 1973 bear market; next is a charting comparison of how each prior bull market relates to it’s following bear, to see if any rough correlations exist. Will post if any interest. + +Thanks +Deutsche Bank is the latest financial institution to forecast a global recession in 2020, and its second-quarter projections call for the biggest economic contractions in nearly 80 years. + +Plummeting first-quarter demand in China will initiate the global slowdown before a similar hit is seen in the eurozone and the US, the team of economists led by Peter Hooper wrote Wednesday. The coronavirus has already dragged major economies close to complete halts as quarantine orders and business shutdowns block consumer spending and leave companies rushing to shore up cash. + +China will see gross domestic product slump by 31.7% in the first quarter before rocketing to 34% in the following three-month period, the economists said. The US economy will grow by just 0.6% in the first quarter before slipping into a 12.9% contraction. The anticipated declines "substantially exceed anything previously recorded going back to at least World War II," the bank added. + +Deutsche Bank's recession scenario depicts a sharp V-shaped dip in economic growth as nations quickly rebound through the second half of 2020. Yet the difficulty in containing the coronavirus makes such estimates difficult, as increased contagion could yield a far longer hit to major economies, the bank said. + +"We cannot stress enough the degree of uncertainty surrounding these projections," the economists wrote. "These are truly unprecedented events with no adequate historical example with which to precisely anchor our forecast." + +The firm attributed its update to the virus' rapid spread throughout the US and Europe and a "much-sharper-than-expected drop" in China's economic activity in January and February. Previous estimates showed China's first-quarter GDP falling by just 5.9%, whereas updated figures see China driving the majority of the world's economic slump in the same period. The bank also cited "severe stress" in global money and credit markets for the sharp declines. + +While Deutsche Bank's update sees GDP plummeting at degrees not seen in modern history, signs of effective virus containment in China leave the firm hopeful for a swift 2020 recovery. The economists' new baseline reveals its sharpest V-shaped plunge yet but also lifts third-quarter global growth to roughly 10%. The stronger-than-usual GDP expansion could last well into 2021, according to the bank. + +The recession call arrived one day after Morgan Stanley projected a global recession arriving in the second quarter**.** The bank's economists don't expect as steep a GDP hit as Deutsche Bank laid out in its Wednesday note. Morgan Stanley pegs the eurozone economies as facing the biggest hit to economic growth, adding that prolonged disruption in financial markets could push an economic downturn into the third quarter.   + +[https://markets.businessinsider.com/news/stocks/coronavirus-recession-worst-wwii-economic-recovery-global-deutsche-bank-2020-3-1029012757](https://markets.businessinsider.com/news/stocks/coronavirus-recession-worst-wwii-economic-recovery-global-deutsche-bank-2020-3-1029012757) +I recently saw this video about a 24 year old millionaire who shorts penny stocks. + +This seems like a great idea. Almost all penny stocks are dumpster fire junk. You could easily make so much money since almost all of these companies fail. + +However I’ve tried short selling different Penny stocks and my orders never go through. There are never any shares available to be borrowed. From what I’ve seen it seems impossible to short penny stocks. + +Has anyone looked into this? + + +[possibly bs guy](https://youtu.be/XAm0U7qb2fA) +Alright you lovely apes. We’re down to the **[FANTASTIC FOUR](http://imgur.com/a/PKNztdZ)** in our r/Superstonk banner contest! You’ve submitted some serious art and the mod team would like to thank everyone that took the time to create and submit a piece of GME history. + +If you don’t see your entry in the finals, do not fret! The goal is to create a compilation of all the entries and have a gallery for you to view- *A Museum of Modern Ape Art, if you will*. I’m new, don’t know how that’s gonna work yet, but if any mod team can make it happen, it’s this one! Now go flex that power of democracy and VOTE! 💪 + + +#[🦍Harambe Finals - Round 4- The Fantastic Four🦍](https://www.polltab.com/bracket-poll/CeHmHHxFDkQ) + + +**There is only 1 vote left after this one. Who will ascend the throne of bananas? Don't forget to vote at 4:20 AM for the FINALS!! Winners will be declared Friday April 23. GOOD LUCK!!** + + +🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 +________________________________________________ + + +PCA (Pink Cat Announcement 🐈): I usually try to respond to pretty much everyone that interacts with me here but that is becoming increasingly difficult! Y’all have shown me a lot of love and I sincerely appreciate the overwhelming support I got yesterday! I’m always here for you guys and I am going to be interacting through ModMail now. Or I encourage you to tag me in interesting things you see, I am always down for a deep dive or to do a protecc against Shills and Bots 🔫 + +It's an honor to ride this rocket with y'all! ✌💗🦍🚀🚀🚀🚀 +Noting the current financial state in Australia (world really), and interest rates rising. What are peoples opinions on whether to invest in shares or property now. + +Noting rates have not been this high for nearly a [decade](https://www.rba.gov.au/statistics/cash-rate/). +Edit: Wording of final sentence. +We all regret buying a coin at some point in our crypto investment journey, mine was buying a shitcoin called Statera at the wrong time. You know the drill, they great a shitcoin, some whales invest in early, then they shilled like crazy and dump it on clueless investors. + +So what about you which crypto do you regret buying? +Mods, you're doing a fantastic job trying to contain the retardation on this sub. Great job on new rules and enforcing them too. + +**However** \- big fuckup with the logo/icon. I bet it's something to do with copyright, perhaps the person that made the previous one for you said you can't use it anymore. Perhaps you want to monetise the /r/wsb brand and you can't do it with that nice old logo. I noticed /u/jartek has changed his [twitter](https://twitter.com/wallstreetbets) logo to this piece of shit new one. I can't believe he did it because he genuinely believes it's better. + +It's not even close to the previous one. It's awful. It's not in the spirit of /r/wallstreetbets. Previous logo was about being proud of chasing yachts and mountains of coke. This one is some poor men-in-black bitmoji knockoff. + +I guess you're banking on people just leaving the topic, but why not just come clean to the sub and explain why you had to change it? +Alright so this is biggie’s song about selling crack applied to trading crypto. Happy to make edits if you comment better interpretations. + + + +Rule Number Uno “never let no one know how much dough you hold” +-Never share your holdings + +Number 2 “never let 'em know your next move” +-When buying alts, don’t shill unit it’s purchased + +Number 3, “never trust no-bo-dy” +-DYOR + +Number 4, “Never get high on your own supply” +-Don’t get greedy, stick to your strategy. + +Number 5, “never sell no crack where you rest at” +-Don’t sell your crypto to your friends. Make them do the work to get it themselves. + +Number 6, “that goddamn credit? Dead it” +-Only buy what you can afford + +7, “Keep your family and business completely separated. Money and blood don't mix” +-Don’t tell your family to get into crypto, they likely cannot take the major swings and will blame you when it goes wrong. + + +Number 8, “never keep no weight on you!” +-Don’t keep your holdings on centralized exchange. Cold wallet is safest. + + +Number 9 “If you ain't gettin' bagged stay the fuck from police” +-Don’t listen to YouTube scammers / Elon Musk / the person who’s name rhymes with “fax collector” + + +Number 10, “If you ain't got the clientele, say "hell no!"” +-Don’t invest in low trade volume alts + + +BONUS: outro +“Follow these rules you'll have mad bread to break upIf not, 24 years on the wake upSlug hit your temple” +Follow these rules and you’re have all of the lambos. Don’t and your holdings will get wrecked. + + +Edit 1: thanks for all the upvotes and awards!! Didn’t expect that! Also changed number 9 from “max tan” to “fax collector”. Hopefully more obvious now + +Edit 2: Edit 2: added BONUS as recommended by @sledrunner31 + +Also disclaimer: this is advice on how to sell and distribute illicit narcotics, not financial advise. +There’s been a lot of great talk about mentally preparing yourself during the ups and downs of the MOASS to see dips and not panic. And it’s all amazing. Stick to that. + +Carrying that further, the MOASS will take time. Weeks maybe? Hard to say. But that means if you’re looking at a $50m floor, you’ll be a millionaire for a loooooong time before you’re out. If you’re an xx holder, you’ll be a millionaire for the first (most likely) time in your life at $100k. There’s a lot of space between that $100k and your floor. + +Mentally prepare yourself to go about life normally. Going to work, loving your friends/family. Coming onto Reddit. Going to bed. Paying bills. Walking your dog. It’s going to be weird and don’t underestimate it. + +Doing the monotonous could make it tempting to sell before your floor. Your financial life will have changed, but as long as you’re still holding, your life hasn’t changed at all. Mentally prepare yourself for the gray area of being a millionaire in stock but holding on to the end. + +It’s going to be the best strange feeling you’ll ever have. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +This is sentiment that has been echoed here enough over the last few months, but to see such a body fail so overtly and massively is further proof in the pudding that that the SEC is not only allowing this to happen, but is complicit and promoting it. + +The system is designed as such to allow what is happening happen. Their inaction is making the problem worse. Can they not see that the short HFs and market makers are going to try and bring the entire system down with them? + +Ginsler will be powerless, he is likely there to appease the masses. I hope I am proved wrong. +The whole GME saga is not gaining any positive traction in MSM and therefore the wider world does not give a flying fuck what is going on in their country. Have the SEC on a personal level no morals or ethics? They are literally allowing the decimation of the lay persons to line the pockets of the mega rich. + +What annoys me most, is that nothing will change after this. Money controls money, always has always will. + +This was more or a rant than anything and just wanted to promote discussion. + +I'd be interested to read if anyone can think of the SEC can redeem itself and if so, how? +During march after I bought in I got to see all the manipulation WHILE the stock went up. I watched every day while I went to work it would go up 10-25% a single day. We were gaining like crazy but, before I bought I took the time to understand the exact position $GME was in. + +So when it took a nose dive at $350 I didn't blink a eye. I knew the price target of $10m and the squeeze was close so even as we approached $100 I bought more. Not once did I think of selling only buying as it got cheaper. You need to take this time pre-sqwozen to digest and truely understand where we are and why our numbers are not jokes. + +We cannot have you leaving early and you can't have yourself leave early with so much money on the table. If you are surprised by and price movement you need to read more because everyone else is as sturdy as a rock. When this goes down thousands or tens of thousands of dollars if you haven't had enough confirmation bias you will doubt it and sell. Don't be that ape. + +\- Watch AMAs ([Wes Christian AMA is really good](https://www.youtube.com/watch?v=2rJujnpKiqM)) + +\- Read DDs ([Summarized DD](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/), [GME Masters' Guide](https://www.reddit.com/r/Superstonk/comments/njln8o/draft_i_have_done_my_best_to_summarize_the_gme/?utm_medium=android_app&utm_source=share)) + +\- Watch the chart yourself of Short Attacks ([Stonk-O-Meter](https://gme.crazyawesomecompany.com/), [TradingView](https://www.tradingview.com/chart/?symbol=NYSE:GME&source=unauth_header&feature=launch_chart)) + +\- Go to /u/DeepFuckingValue 's page. ❤ you + +keep yourself motivated to the fullest + +\*\*\*\*\*\*FLOOR IS [$24,120,494](https://gmefloor.com/) A SHARE FUCK YOU GRIFFIN\*\*\*\*\*\*\*\*\* + +&#x200B; + +edit: + +added /u/[kneeltozod](https://www.reddit.com/user/kneeltozod/) suggestion to read. + +added /u/[Sam\_I\_Am83](https://www.reddit.com/user/Sam_I_Am83/) suggestion to read. + +👨‍🚀👩‍🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀💎💎💎💎💎💎💎💎💎💎💎💎 +Cousin had a kid. Apart from being the goofy uncle who is already giving the kid some incredibly stupid names, I also want to get the parents started on an investment for the kid. + +My budget is INR 50,000 one time. + +Any recommendations? +Inewbie here- I’m a tax resident in a European country ( with no capital gains tax) and recently started investing here ( long term in mind) + +Does it still make sense to invest in India for long and/or short term gains - my family lives in India so if that would help them? Also any advice on what I should focus on for the Indian market? +TIA! +https://finance.yahoo.com/news/netflixs-reed-hastings-is-yahoo-finance-ceo-of-the-decade-202130966.html + +Netflix was an $8 stock in late December 2009. Since then, shares have risen a jaw-dropping 3,700%, making it the No. 1 best-performing stock of the decade—and the rest of the top 10 weren’t even close. + +That makes sense: Netflix (NFLX) is arguably the most incredible business reinvention story of the 2010s. + +In the first few years of the decade, it pivoted from a DVD-by-mail company to a digital streaming giant; in the latter half of the decade, it pivoted from a home for licensed content to a kingmaker of premium original content and a perennial Oscars contender. +$800 for a digital coin is absurd beyond all tenable logic + +let's see..... very few retailers accept it + +converting bitcoins to dollars involves a substantial currency/friction risk + +market is very illiquid unlike forex which contributes to the market friction + +no one gets paid in bitcoins. so even if major retailers accept bitcoin only .00001% of the population will have any to spend with + +spending fiat to buy bitcoins so you can shop with bitcoin is redundant + +obvious bubble. parabolic chart doomed to crash + +not even anonymous. the feds are all over bitcoin now + +cumbersome, hard to use for non-tech people, 14 minute delay between transactions + +no consumer protection. perfect for scammers + +most of the usage here http://blockchain.info/charts/n-transactions is from satoshi dice, wallet transfers, etc and relativity few actual productive commerce + +environmental waste from the inordinate power required to mine bitcoins + + +edit..wow didn't expect post to go viral + +edit 2. dropping fast + McConnell stopping democrats latest attempts to raise the debt ceiling again means the democrats would have to go through reconciliation which is a long and difficult process. I do not believe their is any other way they can move forward. If anyone knows a alternative route u believe the democrats might go please share it here because this will definitely have a big impact on the market in the coming weeks however this plays out....... +It is available on both Hyperledger Fabric and Ethereum networks - just announced at Amazon re:Invent. What do people think about this announcement? + +https://aws.amazon.com/partners/blockchain/ + +EDIT: Added additional link provided by JetSetKyle +TL;DR: Mastercard isn't just opening the doors to 30 Million merchants to use crypto for transactions, it's forcing Visa, Discover, and others (over 100M merchants between those two) to jump on the bandwagon too, or be left in the dust. + +The game has been changed. I'd argue this may be THE BIGGEST bombshell in Bitcoin adoption history, and BTC is DIPPING today? + +What a year we have in front of us... + +FULL ARTICLE: +[https://www.publish0x.com/crypto-for-creators/breaking-mastercard-bringing-crypto-transactions-to-30-milli-xkydmxv?a=GRb4xGG7bB/](https://www.publish0x.com/crypto-for-creators/breaking-mastercard-bringing-crypto-transactions-to-30-milli-xkydmxv?a=GRb4xGG7bB/) +**1. Core Concepts Explained** + +**2. Reverse Repo in the Ideal World** + +**3. What Really Happened -- The Reverse Repo Fuckeries** + +**4. Connection to GameStop** + +**5. Conclusion (TLDR)** + +**6. Further Reading** + +\--- + +*\[This DD serves as a brain-wrinkling bridge between* [*reverse repo news*](https://fred.stlouisfed.org/series/RRPONTSYD) *and* [*God-tier DDs*](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)*.\]* + +*\[This is my first DD. Correct me if I’m wrong in any way.\]* + +*\[No financial advice is intended. I’m a retard.\]* + +*\[I sincerely thank* [*u/plants69*](https://www.reddit.com/user/plants69/posts/) *for reviewing this DD.\]* + +**1. Core Concepts Explained** + +1.1 A repurchase (or repo) is an agreement in which an institution agrees to sell collateral to the Federal Reserve (hereinafter "Fed") for some time, and then trade back. + +1.2 A reverse repurchase (or reverse repo) is an agreement in which an institution agrees to buy collateral from the Fed for some time, and then trade back. + +1.3 Quantitative easing (QE) is the purchase of long-term securities to increase the money supply. + +1.4 Rehypothecation is re-using collateral from one lending transaction to finance additional loans. + +1.5 Liquidity refers to how fast an entity can convert its assets into cash. + +1.6 A liquidity crisis happens when liquidity is urgently needed, but there is a lack thereof. + +**2. Reverse Repo in the Ideal World** + +2.1 In a reverse repo agreement, the institution agrees to lend the Fed money. The Fed agrees to lend the institution the collateral (usually in the form of treasury bonds). Upon the specified time, the institution gives back the collateral, and the Fed gives back the money. Extra money (i.e. an interest) is usually given by the Fed when it buys back the collateral. + +2.2 After a reverse repo agreement is made and before the specified swap time, the money supplied to the market is reduced. This is because the money that the institution originally has (i.e. the money used to lend the Fed money) is recorded as a liability in the Fed’s balance sheet, and during that period, the liability is temporarily deleted by the institution lending the Fed money. Besides, the collateral moves from the Fed’s asset to the institution’s liability. + +2.3 Therefore, ideally, the reverse repo is a good tool to offset the extra money supplied following QE. + +**3. What Really Happened -- The Reverse Repo Fuckeries** + +3.1 If the ideal things (as described in **Section 2.**) indeed happen, then the following statement [from the NY Fed](https://www.newyorkfed.org/markets/rrp_faq) will **not** make sense: + +*“When the Desk conducts RRP open market operations, it sells securities held in the System Open Market Account (SOMA) to eligible RRP counterparties, with an agreement to buy the assets back on the RRP’s specified maturity date. This leaves the SOMA portfolio the same size, as securities sold temporarily under repurchase agreements continue to be shown as assets held by the SOMA… but the transaction shifts some of the liabilities on the Federal Reserve’s balance sheet from deposits held by depository institutions (also known as bank reserves) to reverse repos while the trade is outstanding.”* + +Ok, ape translation: + +*“After a reverse repo agreement is made and before the specified swap time, the collateral does* ***NOT*** *move from the Fed’s asset to the institution’s liability. This leaves the Fed’s assets the same size. The liabilities, which are supposed to get deleted, also don’t get deleted, as they’re moved from one liability account to another liability account. In this way, the Fed’s liabilities also remain the same size.”* + +3.2 OK, what the fuck? + +If you sold a piece of gold to cancel a debt, your asset shrinks because you no longer have that gold. Your liability also shrinks because the debt is cancelled. Your balance sheet is supposed to shrink. + +But the NY Fed says the exact opposite, and this statement directly contradicts what is supposed to happen, as described in **Section 2.2**. + +3.3 In other words, the Fed’s balance sheet, that is supposed to change, does not change, and the money supplied, that is supposed to be reduced, is not reduced. + +3.4 The only thing that changes is **the institution’s ability to profit off the newly obtained collaterals**, e.g. by short-selling the collaterals in hope that their prices will go down in the future. + +If this happens, it is in the institution’s interest to drive the collaterals’ prices down, e.g. through selling off treasury bonds. + +3.5 It is also in the Fed’s best interest to drive the collaterals’ prices down, as it needs the institution to be able to return the collaterals upon the specified time. This is to maintain the Fed’s contractual integrity, i.e. to keep the music playing. The Fed can drive the collaterals’ prices down by, for example, again, selling off the collaterals. + +3.6 So, this is how the Fed-institution fuckeries happen: + +3.6.1 The Fed lends collateral to Institution A through a reverse repo. Before this happens, the Fed and Institution A are both incentivized to drive the collateral’s price **up**, and they do so, e.g. through buying up treasury bonds. + +3.6.2 Institution A short-sells the collateral to Institution B. Once this happens, the Fed and Institution A are both incentivized to drive the collateral’s price **down**, and they do so, e.g. through selling off treasury bonds. Institution B can profit from the short interest. + +3.6.3 In this way, the Fed’s, Institution A’s and Institution B’s interests are tied together. **The regulator and the regulated have become one.** + +3.6.4 During the fuckeries, as the Fed’s balance sheet does not change, it can rehypothecate the collaterals out of thin air, i.e. lend the collaterals, which have already been lent under a reverse repo agreement, under another reverse repo agreement. + +**4. Connection to GameStop** + +4.1 Now, shorties need enormous liquidity to keep the GME’s FTD cycle going (see [Hank's Definitive GME Theory of Everything](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/)). As such, the Fed and shorties start playing the fuckeries as described in **Section 3.6** (through intermediary banks, see Figure 3 (on pg. 14) of [this paper](https://economic-research.bnpparibas.com/Views/DisplayPublication.aspx?type=document&IdPdf=25852).). + +4.1.1 They start by buying treasury bonds, driving the collaterals’ prices up. + +4.1.2 However, the GME short position is a black hole. Every day that we remain retarded and HODL, the fuckeries happen. + +4.1.3 Now, the Fed and institutions are selling off treasury bonds, driving their prices down. \[Enter [The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/), [The Flurry of Rules Before the Storm](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/) and other God-tier DDs.**\]** + +4.2 This also leads to the Fed favoring contractionary policies, as confirmed or speculated by multiple sources \[[1](https://www.cnbc.com/2021/06/07/the-fed-is-in-the-early-stages-of-a-campaign-to-prepare-markets-for-tapering-its-asset-purchases.html)\] \[[2](https://realtybiznews.com/expect-an-interest-rate-hike-after-todays-federal-reserve-inflation-data/98762889/)\] \[[3](https://www.ft.com/content/9d100381-3f86-4540-91c8-4477b4cef127)\], **completely driven by the shorties’ need for extra liquidity** (instead of market conditions). + +For the absolute smooth brains, here’s how raising the bank’s interest rates can drive the bond prices down: + +4.2.1 Most bonds pay a fixed interest rate (this is the bonds’ interest rate). + +4.2.2 When the bank’s interest rates rise, the bonds’ interest rate becomes less attractive. Less people want bonds, declining their prices. + +4.2.3 Conversely, when the bank’s interest rates fall, the bonds’ interest rate becomes more attractive. More people want bonds, increasing their prices. + +4.3 As a result, there is less money supplied to the market, but the market demand for money remains constant. In other words, a liquidity crisis happens. + +4.4 What happens during a nationwide / global liquidity crisis? According to [Investopedia](https://www.investopedia.com/terms/l/liquidity-crisis.asp)... + +*“For the economy as a whole, a liquidity crisis means that the two main sources of liquidity in the economy — banks loans and the commercial paper market — become suddenly scarce. Banks reduce the number of loans they make or stop making loans altogether.”* + +*“A negative shock to economic expectations might drive the deposit holders with a bank or banks to make sudden, large withdrawals, if not their entire accounts. This may be due to concerns about the stability of the specific institution or broader economic influences. The account holder may see a need to have cash in hand immediately, perhaps if widespread economic declines are feared. Such activity can leave banks deficient in cash and unable to cover all registered accounts.”* + +In other words, the nation / world will be **seriously fucked.** + +**5. Conclusion (TLDR)** + +**5.1 In short, the Fed is our endgame boss now. We’re past the hedgies stage.** + +5.2 The Fed has abused our trust, aligned its interest with the institutions (which it is supposed to regulate), and by doing so, created a systemic risk. + +5.3 Combined with the unresolved predatory shorting, it is almost as if **the whole system preys on its own failure**. To put it bluntly, **the Fed-Institution monster is parasitizing our economy**. + +5.4 As we deal a heavy blow (probably a final one) to this blood-sucking monster, the systemic economic damage is [starting to manifest itself in people's daily lives](https://www.youtube.com/watch?v=5dfeLQcDhco) \[here's another [source](https://www.youtube.com/watch?v=kBJVU1RyxfQ) if you don't like China-funded media\]. This is like a person finally [coughing blood after severe gastrointestinal bleeding caused by worms](https://www.emedicinehealth.com/gastrointestinal_bleeding/article_em.htm). Our global economy, just like the person, needs emergency care **right now**. + +5.5 We need to remove the parasites in our economy. It will be **extremely painful**, but it is **absolutely necessary**. + +5.6 And we do that by **BUYING, HODLING and BUCKLING UP**. + +Diamond fucking hands y’all. + +**6. Further Reading** + +[**New Repo Market Warning Sign Proves System Is Rigged!! - YouTube**](https://www.youtube.com/watch?v=vqxNTRtEvXg) + +[**The Imminent Liquidity Crisis & Reverse Repos Usage - Smooth Brain Edition : Superstonk (reddit.com)**](https://www.reddit.com/r/Superstonk/comments/nhepn1/the_imminent_liquidity_crisis_reverse_repos_usage/) + +[**The EVERYTHING Short : GME (reddit.com)**](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +\--- + +Edit 1: Remove references to corporate bonds as they're not available under Fed's reverse repo agreements. + +Edit 2: Clarified Fed = Federal Reserve. + +Edit 3: Regarding Section 4.1, clarified hedgies work through intermediary banks. + +Edit 4: Changed the reverse repo link to [this one](https://fred.stlouisfed.org/series/RRPONTSYD) for more dramatic effect. + +Edit 5: Regarding Section 4.1, changed "need liquidity to pay off enormous GME's short interest" to "need enormous liquidity to keep the GME’s FTD cycle going (see [Hank's Definitive GME Theory of Everything](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/))". + +Edit 6: Fixed typo. + +Edit 7: Provided another source for Section 5.4. +Got some bad news yesterday, both my parents have lost their jobs. I don’t live at home full time (uni student), but they’ll have no household income from January, and of course still need to pay rent, food etc. +There’s not a huge amount I can do as a student to support, but I want to do everything I can. +They’re exhausted and worn out from life (60s), some unfortunate circumstances when I was younger meant that they burnt through all their savings and weren’t paying into a pension. +I’m honestly quite scared, and very anxious. Could anyone please help out with what support they might be able to get, and any advice on what we could do. +I thought gold was a hedge against stocks. But this year, BOTH are up YTD and during last 3 months. What gives? + +GLD: +25% YTD, +4.5% 3month +SPY: +7% YTD, +6.4% 3month +MtGox Withdrawal API has been seen processing about 160,000BTC in withdrawals over the last 24 hours (as also graphed by http://www.coinsight.org/mtgox.html) + +**THIS IS PROOF MTGOX CONTROL THE 180,000BTC ADDRESS** + +Here is one of the transactions published from the API https://blockchain.info/ntxid/95c47346349918f29b0d1b9415de627cde66dd9fe93342c5f329adfbdc6c17cb in the MtGox API withdrawal feed (https://data.mtgox.com/api/0/bitcoin_tx.php) links back to the transaction of 180,000BTC that was seen moving yesterday: + +https://blockchain.info/tx/1dda0f8827518ce4d1d824bf7600f75ec7e199774a090a947c58a65ab63552e3 + +And you can see it visualized in the tree view: https://blockchain.info/tree/114688199 + + +Copy of the API dump: https://mega.co.nz/#!tE90Sb7A!F3V0JvhNWIan5XiFboVM9Ha1KUG1Ofu6aPm-2dlgPmQ + +If you want to see for yourself, view the TX https://blockchain.info/ntxid/95c47346349918f29b0d1b9415de627cde66dd9fe93342c5f329adfbdc6c17cb and click on the bottom address of each transaction, repeat all the way back to the 180,000BTC TX. It's about 10 steps. +Once you pass a certain point with your assets, highest cap gains/dividend tax bracket for example, what would the benefits of opening a holding company be? +In a lot of the GME hype, people seem to forget that massive dips out of nowhere especially on good news days isn’t normal stock behavior. Lots of newbies who only own GME have probably gotten almost used to this happening. Hell, today GME got insanely bullish news that they’re opening up new locations and the stock dives off a fucking cliff after 250,000 shares are borrowed short. It makes me MAD that dips like this are so commonplace and just accepted now. This is CRIMINAL. People need to be in jail. I am numb to the dips as far as HODLING goes and I always have been, but now I’m starting to get angry each time it dips. 3:1 buy ratio? Dip. GME pays off debt? Dip. THIS IS WHY WE DIAMOND HANDS UNTIL THEY BLEED OUT. We have the chance to be stock market vigilantes and hit these criminals where it hurts if the government won’t lock them up. So after today, another day in the red after bullish news, I can sincerely say FUCK YOU ken and all the other stock manipulators. + +Edit: This is mostly just a vent post which apparently is relatable for a lot of you all. Just remember - be zen. Buy. Hodl. Vote. It will come with time. But don’t lose that fire inside - you will need it to Diamond hands the shit out of this thing. This is the way. +Today's "You And Yours" had the story of a frightening experience for an HSBC customer. + +It's about 5 minutes to listen to, starting 14m22s into http://www.bbc.co.uk/programmes/b09xcslh. + +To summarise the programme, HSBC will close an account down **and transfer the account's funds *anywhere* "you" tell them to** when they receive a paper form containing only: + +- your account details (account number and sort code) +- your signature +- where "you" would like the funds transferred + +On the programme, the customer describes the form's signature clearly *not* being their own, and HSBC didn't contact them to tell them it had happened. They only discovered it when using online banking and seeing the account had disappeared! + +Obviously, the money hadn't been transferred to an account the customer held. It had been stolen. + +I'm gobsmacked. Just an astonishing lack of institutional/systemic thought and security. + +HSBC customers - be aware! + +EDIT: The programme was dealing with a consumer account. **I've contacted them today and confirmed that the exact same flaw exists in HSBC's business banking system**. +Today's "You And Yours" had the story of a frightening experience for an HSBC customer. + +It's about 5 minutes to listen to, starting 14m22s into http://www.bbc.co.uk/programmes/b09xcslh. + +To summarise the programme, HSBC will close an account down **and transfer the account's funds *anywhere* "you" tell them to** when they receive a paper form containing only: + +- your account details (account number and sort code) +- your signature +- where "you" would like the funds transferred + +On the programme, the customer describes the form's signature clearly *not* being their own, and HSBC didn't contact them to tell them it had happened. They only discovered it when using online banking and seeing the account had disappeared! + +Obviously, the money hadn't been transferred to an account the customer held. It had been stolen. + +I'm gobsmacked. Just an astonishing lack of institutional/systemic thought and security. + +HSBC customers - be aware! + +EDIT: The programme was dealing with a consumer account. **I've contacted them today and confirmed that the exact same flaw exists in HSBC's business banking system**. +$8,000 wire reversed on November 30th. Case ID 2629363 Have still yet to receive my wire reversal. I guess getting a top post here is my only hope of getting support from coinbase. Please don't use coinbase they are crooks. + +So 2hrs ago coinbase_tom said they're "looking into it" still no response to ticket. I am 99% certain this is selective scamming, who else hasn't received wires that is not going to contact reddit about it. + +24hr UPDATE: Still no sign of wire or any reply to ticket. 41 DAYS. + + +48hr UPDATE: STILL NO MONEY. + +Just received wire. + + +I'm in a bit of a dilemma and would like the forum's wisdom. + +I'm currently a senior-ish person in Big Tech with a total compensation of \~$2M/yr and NW of \~$20M. The NW is accumulated from high pay for many years, quick promotions, investing (not GME!) and from being an early employee. + +I have the following options: + +1. Continue striving for more senior roles in existing company: The pay for the next promotion would increase from \~$2M to \~2.5M (25% more). The public title remains the same for the next promotion but the internal grading increases + 1. This needs a bunch of office politicking, likely increases stress and may need to spend 2x the time. +2. Rest and vest in current job: I can easily "do well" in the current role and continue earning \~2M/yr with a good degree of certainty + 1. The downside of this is my status in the company is diminished when peers / former reports get promoted over me to higher levels. + 2. This is an internal mental struggle to let go of wanting to get promoted +3. Quit and start company: My long-term dream is to start my own tech company with a set of founders that I get along well with. I'm well versed in building successful products to give this a fair shot. +4. Go into VC: Another option is to join a VC firm as a GP + 1. Can work part-time + 2. I love analyzing tech companies and investing + 3. Can use VC connections to invest own money + 4. Build network in the startup world + +The all-in yearly expenses are around $150k-200k +I’m in my early 30s and recently hit 1M. For the last decade I’ve saved money the traditional way. Living below my means, maxing out my 401k and Roth, and investing mostly in index funds. + +Now that I’ve hit 1M, I don’t plan to change my life style drastically but I’m willing to take more risks and curious of any strategies to hit 10M+ faster than just grinding away for the next decade (if these strategies exist). + +Going through a lot of these posts, it seems like startup IPOs are a common way to up the NW significantly. I’m curious if there’s any other strategies I’m overlooking. I hear mixed things on owning rental property (I’d prob want a management company rather than doing it myself). + +I’m currently making ~450k/year which is a lot, but still feels like a huge grind to get to say 10M from 1M. +Hello all, + +I and my immediate family find ourselves in a new, scary and sad situation. My father passed away last week due to heart complications (he recently had to undergo quintuple bypass surgery, everything looked great after but he passed suddenly 6 days after. My father has always been the primary bread winner in the family so this is where things start to get scary. + + + + + +A little current backstory, I am currently 27 and at home (yes I know how terrible that sounds) but it was by the good graces of my father that I was there. I tried to move out to Colorado late last year, but for a multitude of reasons it did not work out and had to move back. I was looking for a decent job to save and move out and 3 months ago finally got one and things were looking up. + + + +