diff --git "a/reddit_finance_43_250k_374.txt" "b/reddit_finance_43_250k_374.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_374.txt" @@ -0,0 +1,10000 @@ +I currently have my 401K on 75% VFINX (Vanguard S&P 500 index fund) and 25% on HACAX (Harbor Capital Appreciation Fund Institutional Class). +Since the stock market is overvalued, should I place my funds on a stable fund? +Thanks +Hi all + +I'm looking at a company that recently wrote down all the goodwill on their balance sheet. I adjusted for this by adding this charge back to net income for the year. I was reading their financial statements, however, and there was a note: + +"Excluding our non-cash goodwill impairment charge and related income tax effect, we had net income of $X million, or $X per diluted share" + +This value stated in the 10-Q is higher than my adjusted value, implying that the impairment expense caused a higher tax to be reported on the income statement than otherwise would have been. Could someone suggest a reason for this? + +I was under the impression a goodwill impairment expense was not tax deductible, and even if it was, that would mean a higher stated net income, rather than lower. + +For anyone interested, the company is AOUT, note is on FY22 10-Q. + +Thanks +As a GNOG shareholder, I woke up to a nice surprise this morning hearing that they will be acquired by DraftKings. They valued the deal at 1.5 million, 50% higher than the current market value. It sounds every share of GNOG will be worth 0.365 of DraftKings and will close in 2022. + +Intuitively, I would expect the stocks to now trade in lockstep, but I’ve never had this happen to one of my stocks before. I’m also thinking about selling in October once I hit long term capital gains - before the close date of the merger. + +I’d really appreciate any insights for things to watch out for and any other tips. Thanks. +Dropbox is a company that's been public for less than 4 years and the price today ($21.74) isn't that far from its IPO price of $21. + +The goal of this post is to analyze the company's fundamentals, provide insights about the key topics and value the company as a whole. The purpose is purely for education. + +As always, link to the video for those who prefer to watch: [https://youtu.be/n98eZ2wpAgY](https://youtu.be/n98eZ2wpAgY) + +&#x200B; + +**What is Dropbox?** + +It is a cloud storage solution where content can be accessed from anywhere and shared with others. Today, with all the storage alternatives that we have and the progress that has been done in this field, well, it doesn't sound as revolutionary as it did 15 years ago. + +&#x200B; + +**The key numbers** + +As it is a subscription-based platform, the number of users plays a big role. This is what a lot of analysts pay attention to and although they look at the exact same numbers, they end up with different conclusions about the future of Dropbox. + +\#1 - Registered users - Over 700m! - This is the first big number to focus on. This number is roughly 10% of the world population, so they are able to reach a lot of people. + +\#2 - Paying users - 17m - Wait, is that a typo, that's only 2.5% of the total users. No, it is not a typo. Only 2.5% of the registered Dropbox users are actually paying users. + +The question is, can they convert more users to become paying? Do you trust in their ability to do that? Here's when the analysts are clashing. On one side, the bulls are painting the picture of a future where the conversion is high, while the bears are asking the question where will this conversion start? This is a fair question as the users were there last year, the year before, and the year before... + +&#x200B; + +**The financials** + +The revenue formula is simple, **# of paying users** multiplied by the **average revenue per user**. Both of these numbers have been increasing and that reflects in the total revenue. The users, we already touched upon that earlier and it is clear that it depends on their ability to convert. The average revenue per user depends on their ability to either charge more for their existing service (which is tough, as their competitors are all giants - Apple, Google, Microsoft, Amazon) and their ability to create new product offerings (through R&D or through acquisitions). + +However, the growth of the revenue has been declining. From **19%** growth in 2019 to **15%** growth in 2020, to **13%** growth in 2021... + +What about the pandemic? With the huge change from the traditional working environment to the remote/work-from-home, yet, surely the demand for this is surging. When I started analyzing Dropbox, I was expecting to see a surge in the revenue, so seeing that it isn't there, I was a bit disappointed. + +As for the margins, they keep improving over time: + +\- Gross margin improved from 72% in 2018 to 80% in 2021. The cost of service represents the expenses associated with the storage, delivery & distribution of the platform/services, not only to the paying but also to the free users. so, free users burn some of Dropbox's cash. + +All the operating expenses decreased as % of revenue between 2018 and 2021: + +\- R&D from 55% to 34% + +\- Sales & Marketing from 32% to 20% + +\- G&A from 20% to 20% + +So the operating margin improved from -35% to 13%. Is there room to grow? Yes, absolutely. Based on the management's guidance, they can improve at least an additional 7% in the future, hence, the margin will be over 20%. On top of that, the investments that they make in the equipment cost them less than the historical amounts that they've paid, so the margin will increase even further over time. + +&#x200B; + +**The key topic - the cash!** + +One of the topics that you'll notice appearing most, especially around bull analysts is the free cash flow of the company and the expected increase in the coming years. + +The free cash flow grew from $392m in 2019 to $491m in 2020, to $708m in 2021, and is expected to reach $1b in 2024! + +The market cap today is roughly $8b. So, that's roughly 12.5% free cash flow yield (2024 is not that far, so I'm simplifying this). In theory, if Dropbox is not growing at all, and just pays the $1b out to the shareholders, that should bring a 12.5% return every single year, right? Well, not really. + +We need to step back to better understand this. The free cash flow formula is quite simple: + +Free cash flow = Operating cash flow - Capital expenditures + +It represents **the cash that is free for the management** to decide what to do with it, whether that is buying back shares, paying it out as a dividend, acquiring a new company, or, well, just nothing yet. + +As this is looking through the prism of cash and it doesn't take share-based compensation (it is not a cash movement) and it doesn't take acquisitions (Dropbox had 2 of them in the last 3 years, totaling over $300m) because that depends on management's decisions. + +You might be wondering, well, isn't acquisition capital expenditure? It definitely falls in the same category, but free cash flow doesn't represent what's free to distribute to the shareholders. Again, it is the free cash flow left **for the management** to decide what to do with it. + +If you notice, the free cash flows mentioned above are quite far from their operating result. The main reason is stock-based compensation, which is huge! It is roughly $300m/year. What does this mean? + +Part of the employee compensation is not paid in cash, but in stock options/shares. This is not a cash expense, hence, looking through the cash lense, it just isn't there. + +If Dropbox wants to maintain the number of shares outstanding, it would need to spend the $300m and buy back shares. Have they been doing that? Yes! The number of shares decreased by roughly 10% in the last 3 years. But it wasn't free, it cost them over $1.6b! + +This is important to understand, so whenever we encounter free cash flow, we don't assume that's what is free for us as investors, because it isn't. The free cash flow for the investors is a lot lower. + +&#x200B; + +**The valuation** + +I used a DCF model to estimate the value of Dropbox. Below are my assumptions: + +**- Revenue**: To increase 7% per year in the next 5 years, then slowly decline to 3%. - In line with the average analysts' expectation. + +**- Operating margin:** To increase to 24% over the next 5 years. + +**- Discount rate:** 6.7% to increase over time to 9.64% to reflect the environment that we're in today (with the FED increasing rates) + +\- **Outcome:** $14.82/share + +The DCF takes into account the $1.5b in cash and $2.4b debt that is on their balance sheet (As of Q1/2022) and the $650m equity options outstanding. + +&#x200B; + +**What if my assumptions are significantly wrong?** + +Based on the assumptions above, the revenue will grow by 75% in 10 years and the operating margin will be 24%. I could significantly be wrong in my assessment. + +Let's take a look at how the valuation of the company (per share) will change based on different assumptions regarding the revenue 10 years from now and the operating margin: + +&#x200B; + +|Revenue / Op. margin|22%|24%|26%| +|:-|:-|:-|:-| +|50% ($3.3b)|$11.4|$12.7|$14.0| +|75% ($3.9b)|$13.3|$14.8|$16.3| +|120% ($4.9b)|$16.6|$18.4|$20.3| +|150% ($5.5b)|$18.2|$20.2|$22.2| + +**My thoughts** + +Dropbox is operating in a fairly competitive field and the fact that it couldn't significantly grow during the pandemic shows that the alternatives are more appealing. + +The # of registered users is definitely a huge number, but unless they are monetized, it doesn't add value.. Can they convert a significant portion? Based on the historical data, there's not enough proof, hence I do not feel comfortable including that wishful thinking in my forecast. + +I am looking forward to reading your views about the company and feel free to provide feedback regarding the analysis, that is always appreciated! +I’ve been searching for the best method/model to understand/predict the future intrinsic value of a company, and ultimately forecast a stock price. The best method That seems to work for me is the discounted free cash flow model, and the best method comes from this guy : + +[The popular Investor- discounted free cash flow model](https://youtu.be/UpsXIeZ8h5o) + +The video is quite long, but he does a great job explaining it. + +Would you agree that this model is comprehensive enough? If not, can you recommended an alternative- maybe a completely different solution? +Ok so bear with me as I am not sure I 100% understand this but looking for any feedback. Been looking for a while now where to park some cash while I wait for some stock opportunities. + +\-I am already maxed out on TIPS for the year so this is in ADDITION to that. + +\-Cd's have been garbage for as long as I have been around since rates have been so low. But currently , I can buy BROKERED cd's for 3.5% for a 3 month CD. I get that its still not even close to beating inflation but at least im not losing principle. Every week I check back with my brokerage, cd rates have been increasing. I am guessing by October, a 3 month cd will be at 4% + +\- I am choosing very short terms since interest is rapidly increasing and I won't be locked in to a specific rate for a long time. + +\- If I am understanding it correctly, Cd's seem to be a decent place to park cash for the short term. + +\- Anything I am missing? Thanks for any feedback +It’s trading at a very low price for the past 52 weeks, P/E of 10,78, good dividends, good margins. They make extremely quality cars and are starting to take a bite in the EV scene. + +Thoughts ? +Hey guys. I recently lost access to my school's Bloomberg terminal, which I **heavily** relied upon. + +I have created my own list of resources after scouting for Due Diligence. But I wanted all of your opinions. + +I'm open to both free and paid resources but free ones would be better :) + +PS: Also just want to clarify, you could recommend resources not only limited to financial data (although that is my emphasis). Could be earnings call, transcripts, qualitative sources, insider trading, management data etc. + +Extra question: Also those that have followed Prof. Aswath Damodaran's Valuation course. What extra datasets did you need besides your normal sources and his website. I'm going to be using his spreadsheets and just wanted to account for future roadblocks. + +Thanks a lot for taking the time to read this post! +It seems like a lot of people on this forum (myself included) hold very high standards when it comes to work and how it fits into our life's purpose. A while back I listened to a great interview with Yul Kwon from Survivor on [Freakonomics](https://freakonomics.com/podcast/yul-kwon-dont-try-to-change-yourself-all-at-once/). + +I have read a lot of threads here where people aspire for what Kwon calls the "Holy Grail" of jobs: financial security, purpose, challenges, community, etc. Again something I have fallen prey to many times. + +I like his perspective on finding these things over the course of their life/career rather than in one career. I know it's helped me frame my perspective with my situation where I feel I'm on the financial security treadmill to get to FF. Here is what Kwon had to say: + +&#x200B; + +>*I guess the fact that I’ve had so many different jobs is partly intentional and partly coincidence. I’ve always felt the need to challenge myself and push myself, because I’m naturally a very timid and anxious person. And left to my own devices, I have a tendency to collapse into myself. So I think whenever I feel a little bit too comfortable, I know it’s time for me to start pushing myself again.* +> +>*The other thing, in terms of my career — I’ve always tried to find the holy grail, the one job that gave me everything I was looking for: job satisfaction, challenge me, working with great people, financial security, working at a place where I believe in the mission. And I’ve generally been pretty disappointed.* +> +>*And so what I concluded at some point in my career was: what if I took a longer term view, a portfolio theory of my career, so that over time and over the cumulative experiences I will have gotten all the things that I’m looking for? So at different points in my career, I’ve optimized for different things. I think taking that view has been really helpful for me. And taking that approach for the most part has given me a pretty high level of career satisfaction that I think I otherwise wouldn’t have had.* + +Anyone have any other perspectives on how they look at jobs/careers and how it fits into their overall life goals? +I just discovered this sub and am so delighted it exists! I'm in the process of exiting employment now and should be retired within a month or so (still negotiating final terms and timetable with employer). However, I'm not sure I'm quite ready to FatFIRE (financially or emotionally), as this is all happening a bit sooner than I'd expected. The timing was suddenly accelerated by recent changes at my employer, so I'm feeling a little unprepared and definitely wishing I'd discovered this group years ago and done more planning. Skimming through here it's clear many of you are much better prepared and have a lot of knowledge I'm excited to absorb. + +My startup was acquired by a large company (one of the FANGs) some time ago and I'm working there with W2 earnings over $500k and RSU equity pushing total comp over $1M in most recent years. My vague plan had been to probably FIRE sometime toward the end of '19 when I'd easily have over $10M banked between liquid investments (75%), unsold RSUs (20%) and 401K (5%). At the moment, I'm \*just\* short of $10M, probably $9.6 or .7-ish. + +I'm embarrassed to admit, I've never been much of a planner nor particularly good with finances. I arrived at my $10M number based on little more than always hearing it was supposed to be "FU money." My only excuse for lack of a better plan is I actually enjoy my work a lot and so haven't really been itching to retire, keeping our timing variable. But with the new year, things are changing unexpectedly at big company and it's clear it's about to get a lot less fun for me. + +I'm near mid-50s and wife is early 40s. She stopped working to stay-at-home when our son was born. He's now in mid-elementary school and we live in S. California but outside a major city, call it roughly upper end of MCOL. We paid off our house after the acquisition and it's worth \~$1.5m, so NW is \~$11.5 with no debt or major expenses on the horizon. We're both in good health and active. Based on family histories, BMI and lifestyle we're likely to need to cover 40-50 yrs. We'd like to leave maybe around $5M to our son which we figure in 40 years won't be enough to FIRE but enough to boost his own efforts. + +Ongoing income needs: we're still working the numbers but first pass looks like we spent around $125-140k last year living comfortably but not extravagantly (no mortgage sure helps). Going forward we'll need to cover health care but haven't priced it yet. Also, since I'll not be working long hours, we'll probably spend more on doing stuff and travel. So, we think our target range should be around $160k/yr for FIRE - up to around $250k for full FatFIRE. Fortunately, we don't have much in the way of fixed costs and neither of us have super expensive tastes or hobbies, making our range scalable. Full FatFIRE for us would largely go to discretionary upgrades like more vacation trips, business class travel, Four Seasons vs. Marriott and eating out more often. + +**Questions** + +1. We'd like to think we're in decent shape but we've only ever put money in - so we're newbies at income and distribution. We've read the 4% thing and are hoping 4% of $9.7M is enough to net $250k post taxes - but have heard California taxes are pretty awful for higher-end FIREees. Are we good, on the edge, or should we be trimming some fat from our FatFIRE dreams? +2. We'll need to reconfigure from the long-term medium-aggressive growth mix of index funds we've been in to something more appropriate for our new FatFIRE life. Also, need to start unloading the 20% still in employer RSUs to diversify. Would appreciate any insights on approaches. Is it time to get a fee-based expert involved? +3. Are there specific things to watch out for when rebalancing the portfolio to avoid triggering tax consequences? Unfortunately, our tax guy isn't very good on investments and our investment guy isn't very helpful on taxes. + +Any other things we should be thinking about from a "we're behind on planning this" triage or first-things-first perspective? This weekend we're feeling a strange combination of giddy excitement and nervous trepidation contemplating the life change in front of us and all the new things we need to learn. + **Question:** I have $200k left on my mortgage with 13 years remaining at 2.38%. I have cash to pay off said mortgage after unloading a rental property. Although, I would love to invest and have the investment pay the majority of the monthly mortgage payment of $1500 (after subtracting taxes and insurance) or close to it. \~10% on annual ROI. Pay off or invest? + +**Supporting info:** + +* How old are you? What country do you live in? **55 USA targeting 57 for semi retirement.** +* Are you employed/making income? How much? **Yes $140K** +* What are your objectives with this money? **Use my rental equity to make home mortgage payments. Play on interest rates?.** +* What is your risk tolerance? **Really can't risk the $200K cash much.** +* What are your current holdings? **401K, IRA, Roth, personal accounts. total $700K** +* Any big debts (include interest rate) or expenses? **2 cars 2% interest with a total $75K** +As the title suggests really, I saw this article (sorry it's behind a pay wall) but it seems to suggest house prices could fall by c10-15% [House prices ‘overvalued by a third and likely to fall’ | Business | The Times](https://www.thetimes.co.uk/article/house-prices-overvalued-by-a-third-and-likely-to-fall-jq83xpcmd). In this case it wipes out our initial 10% deposit and leaves me with very little if any equity in the house if any, I've already been overpaying with this as a risk in my mind so would be able to get equity back in a year or 2 should this actually happen (I know there are many articles constantly threatening house price fall). +So my question is to protect against this is it best to: + +* overpay by more? +* keep putting it into a savings account? + +currently we save £1000pm but are saving for a wedding when this is clear (End of the month) we will be able to put this away. Currently our overpayment is £250pm so we could up this by £600 or so as we obviously want some liquid savings for emergencies. +I've been here since the beginning, but I'm not anyone special. I tried to educate on the ON RRP and I have learned a lot more since then. + +**Recapping on the discussion yesterday it's pretty apparent that apes are talking about:** + +1) Buying calls + +2) DRS (that's been going on) isn't helping move the price + +3) Video with some people over-evangelizing this new face (former hedge fund manager) + +&#x200B; + +**And while that has been happening, I also want to note that a few other things are happening outside of the sub.** + +1) Market overall is down + +2) DMMs haven't been delta neutral for some time (yelyah2) + +3) Liquidity is very low across the market (Evergrande, etc) + +4) ON RRP is at an all time high edit: some pedants want me to say it's not ath but, compared to any other time than December, it's really absurdly abused right now. Delaying the rate hike aa long as possible. + +&#x200B; + +**And I want to point out a couple of other points:** + +1) We had a bigger-than-others drop to GME stonk, which gets emotions running high + +2) Buying through ComputerShare gives cash to ComputerShare, buying options gives money to MM's + +&#x200B; + +&#x200B; + +With all that being said, the push to act on purchasing options after today's video should be met with some caution and some further discussion before we all jump the bandwagon. Agreeing with many before me, buying LEAPS and other deep ITM options can cause delta hedging, however, as mentioned in the video today DMMs do not need to hedge, and they have been fined copious time sin the past for this. It's also how we get the FTD problem in the first place - finding those shares because they were never located for the short sale to begin with. + +It seems extra suspicious that on a day where emotions are high, that we get a video drop like this, and a huge push to get people buying those - before we have even heard anything from GameStop. We haven't heard much, but we know they've hired hundreds of extremely talented indivduals and are indeed working on a brand new NFT platform. If there was a rush to do ANYTHING I'm sure they would be making announcements. + +&#x200B; + +**We know that game stop has** + +1) Hired an all-star team this year + +2) Increased sales by 30% in 1 year - during a pandemic + +3) Building amazing new tech to broaden their market (aka increase share value) + +&#x200B; + +Why are we pushing to buy options, especially those around "hype dates"? Really? I have heard everything from 2 months, to 8 months, $250 and up. Why are we looking to give capital, aka liquidity aka breathing room to the DMMs that we \_know\_ are already acting unscrupulously. + +&#x200B; + +In fact, I would dare say that GME has 1 billion cash, and has a LARGE runway with the sales they are pulling off. Who would benefit from a large population of investors giving up their cash for risky positions that do not claim ownership - just the right to purchase shares, which we know aren't even yours until you DRS them. + +&#x200B; + +It seems to me like much of the discussion tonight would favour those in a cash crunch, trying to survive another day. + +&#x200B; + +Closing out, + +1) Options are giving money to MMs not to ComputerShare for an asset that is fungible and is in the DTC. Think about what these companies try to do with your money, is it in your best interest? + +2) DRS implicitly increases share value because the company is doing very well - the harder it is to buy the shares, the more they will be worth - this is basic supply and demand folks. Do you believe in GameStop? I do. + +3) The video is good and confirms many biases. And deep itm leaps may be a great tool, but there are truly no shortcuts folks. As stated directly in the video, they DMMs do not have to hedge, they can choose not too. Meaning they ultimately control if the price movement happens because if they do not hedge (aka buy the underlying to some degree) they are taking money they can then put towards puts etc. + +&#x200B; + +Don't let your emotions run too high. I did this last year during the sneeze (still didn't sell) but we need to be prepared for all levels of manipulation and tonight just has a bad smell to me. +So I've done a quick synopsis of the voting results from the 8K posted last night, and given my smooth-brained take on the finding. + +# Board of Directors + +[Election of Board](https://preview.redd.it/ceh3z1jval391.png?width=1934&format=png&auto=webp&s=87833bb0ce099c6648fa65d66369fcd7067fa191) + +Seems everyone is loved 🥰🥰🥰.. like proper love. + +For example, the lowest vote was trusty old Alan Attal from the Chewy Board, and that was 97% confidence! That's phenomenal vote of trust and confidence.. + +If you look across at the average vote for something like this ITS rarely showing signs of such positivity. For example, [Apple's recent board of director vote](https://www.marketscreener.com/quote/stock/APPLE-INC-4849/news/APPLE-INC-Change-in-Directors-or-Principal-Officers-Submission-of-Matters-to-a-Vote-of-Security-39669454/) showed a percentage of 98% for the legendary Tim Cook, with Ron Sugar having only secured an 88.8% vote of confidence. + +# Incentives and Compensation + +https://preview.redd.it/yv5owgw7dl391.png?width=1935&format=png&auto=webp&s=7d1ef7e61ea8b148ca89db343f926be5678bf565 + +https://preview.redd.it/88g37l2adl391.png?width=1289&format=png&auto=webp&s=6ecf3c4f36b92f48f186516641c28069b140a192 + +This had a fair bit of opposition but very minimal, and I can understand that. CEOs and directors generally take to much compensation from the company when compared to the workers and the trickle-down economy its clearly broken meaning workers are slowly being starved and forced onto the streets. + +Not much to be taken from this except 96% of the shareholder base DO AGREE that to get the best players we need to give good reward. + +What's interesting is most of this compensation is in SHARES! + +Our directors are generally on a basic wage of $200,000 - which is good - but that allows them to not worry about medical bills, housing, vacations, etc. or anything else that crops up throughout the years - focus can be on adding shareholder value - because that's where their best interest lays - that how they get the cream, by making it for themselves and then sharing it with the rest of us "share holders". + +# Appointment of Audit / Accounting Team + +[No non-votes?!? ](https://preview.redd.it/dxl9fz01el391.png?width=1287&format=png&auto=webp&s=800f98c6352c3d7b3c69c6754152b61cd6dad738) + +So this is the vote for the appointment of an accounting firm. These people check that there's no dodgy accounting going on - we're not ENRON, right? Deloitte and Touche are a globally recognised and well-respected team of auditors. + +Now, I am pretty damn smooth, does any wrinkle-brain have any idea/speculation/knowledge why the non-votes from previous rounds would be now be voting for the appointment of our auditor? + +The LEDs on my tinfoil hat are all blinking and flashing when I look at that, but I am sure there's some reasonable explanation I am just not yet aware of. Help? + +# Increase Share Count to 1bn baby! + +https://preview.redd.it/tl1hl6vvel391.png?width=1288&format=png&auto=webp&s=ac3e76ae708517e3f669293368945cdea7c89c1f + +So looking at the numbers, we can see this is the most controversial vote on the 8K. + +Gathering almost 6.8% of Against/Abstain voting, albeit it has the LOWEST amount abstinence in voting \~ simply put more people exercised their vote on this matter more than any other! + +We could say there was the BIGGEST opposition against the increase of the available shares to 1,000,000,000, but it was overwhelmingly voted in favour. So if short-sellers did have any influence with their LONG hedge-bets, it had no influence. 93%+ of the shares ~~investors~~ voted to issue more shares. + +**Added thanks to** u/HiReturns**:** For this proposal the approval threshold was a majority of ISSUED shares, **not just voted shares.** So it was approved by just under 70% of issued shares. + +This now basically means they'll be more natural liquidity in the market, less need for LIQUIDITY ONLY orders (aka T+35 short sells) filling up the order book *once they become available.* + +How they are distributed has already been discussed as a share dividend, but obviously doesn't need to be announced. + +**Ignore this next bit... it's pure smooth-brained speculation based on absolutely nothing:** +*I'd like to think a split at between a 10->13 to 1 ratio that would ultimately giving a share price just below 🍿popcorn🍿 (say $13.37) would work very nicely - allowing the individual investors of other short-basket stocks to trade-in and take a lower risk option with GME.* + +EDIT: Moath + Wurds + +EDIT: Corrections from Comments, Added note about smooth speculation. + +Behavioral scientist here. Allow me to share a possible view on the opponents' FUD strategy and why we may be wrongly assuming that we are the primary target of their FUD (we are a target, but not the main one). The primary targets may be (i) potential retail investors, (ii) the international media outlets, and (iii) government agencies and policy-makers. TL;DR below. + +**1. The opponents' FUD strategy.** FUD refers to fear, uncertainty, and doubt aimed at maximizing our opponents' net benefits. Enlightening posts have already elaborated on the opponents' strategies (e.g., u/ayyyybro's [running list of examples](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/); u/akichi08's [playbook of moves](https://www.reddit.com/r/Superstonk/comments/ndzxgs/in_the_wake_of_the_massive_amount_of_fud_rolling/)). In the recent AMA, [Wes Christian](https://www.youtube.com/watch?v=2rJujnpKiqM) explicitly confirmed that several manipulation strategies are indeed well-documented and pervasive. + +**2. Two types of FUD.** *External* FUD refers to FUD planted in media outlets and other social media. A clear example relates to how the main media outlets block positive news about GameStop, and predominantly report negative news from biased or selective angles. *Internal* FUD refers to FUD planted inside this community through posts, comments, upvoting or downvoting, and giving awards. A recent example of internal FUD relates to [Glacier Capital](https://www.reddit.com/r/Superstonk/comments/nf7lh4/the_four_hoursemen_of_glacier_capital/). External FUD could be posted in Superstonk, but apes' stubborn opposable thumbs would either mock it or downvote it. + +**3. Who's the primary target of external FUD?** + +3.1 Potential retail investors. External FUD scares away potential (non-ape / non-redditor) investors. This helps mitigate the propagation of the diamond-hands buy-hold strategy, and contain the growth of the ape population. + +3.2 International media outlets. Non-US outlets are less likely to cite US primary sources, and are more likely to reproduce the external FUD that is published in the mainstream US media outlets. This helps propagate an international narrative about the GameStop story (e.g., anarchist redditors bad, "gamification" of retail investment bad, some possible regulations bad). This also helps safeguard the opponents' reputation abroad. + +3.3. Government agencies and policy-makers. External FUD helps reinforce the views of many representatives that do not have the time, interest or patience to learn or understand the style, format, or terminology of this subreddit, its posts, and comments. They are less likely to get information away from this community and are more likely targeted (and to some extent manipulated) by the external FUD sources. This helps reinforce the narrative of who are the good and the bad, which regulations may be required, who should be punished or absolved, etc. + +**4. Who's the primary target of internal FUD?** + +**This may be counter-intuitive**. We, the active and passive members of this community, may not be the primary target of internal FUD. At first sight, one may think "oh, they are trying to reduce the likelihood of buying-holding (a diamond-hands strategy), and trying to increase the chances of selling now or paperhanding later". This can be partially true, but at this point, they must have confirmed over and over again (after variety of strong attacks) that our [strategy is dominant](https://en.wikipedia.org/wiki/Strategic_dominance). Two things: we are determined, and we are patient. So who are the targets? + +The targets of internal FUD are also the potential retail investors, international media outlets, and government officials. Internal FUD makes us look as a group of individuals who are overly-focused on moderators' drama, or who overly-speculate about the existence of a fund or about some hidden symbols and enigmas in certain tweets and websites... Internal FUD starts or reinforces these elements, and makes this community resemble other communities with less popular (radical) stands on the curvature of the earth, the benefits of vaccines, or the idolization of political figures. **Internal FUD does not affect apes.** Instead, internal FUD may prevent non-apes from harvesting the rich DD that so many wrinkled apes produce on a daily basis, may prevent international media outlets from citing this forum as a reliable source, and may portray us under a less favorable light to government officials. + +Now, don't get me wrong. I love the chaos that surrounds the dominant buy-hold-vote strategy, and I love every minute I spend in this subreddit. This is honestly the most fun I have had for a prolonged time in a long while. I am not advocating in favor of changing anything in this community. This is simply one perspective on how all the FUD that we detect and mock may be actually targeted elsewhere. + +**TL;DR:** Apes' buy-hold-vote strategy is dominant and not affected by FUD. FUD is likely targeted at other actors to prevent propagation, safeguard an international reputation, and create a narrative for regulators. +https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html + +interesting, while all are crying and selling their bitcoins, most of the top 100 biggest bitcoin holders increasing their stacks. what do we learn again ? + +I think it has to be considered a personal milestone when your portfolio could buy 1 share of BRK-A. Today is that day for me! + +But while noticing that, I also noticed that BRK-A, which has tracked the S&P 500 fairly closely in recent years has lagged in the last month of the recovery. BRK-A put in its all-time high close on the same day the market peaked (February 19) at 344k vs. 3386 for the market. However BRK-A is currently trading at 276k vs. 2843 for the market, which represents about a 3.5% under-performance, all of which accrued during the month of April. Berkshire's defensive posture paid off during the crash, as it bottomed at around -30% vs. the market's -35%, but that seems to have reversed in April. I'm not sure what that means for the market, but I found it interesting. + + +### Market Notes: + +The market is not very concerned about who the President of the U.S. is. The market was looking for some certainty on election day and got it. + +We are fairly certain that Congress will remain split. Split Congress market returns outpace united government by a long shot. + +I expect the current rally to continue. Yesterday we had solid gains all around and this morning futures are pointing toward a higher open. I'm Bullish. + +### Watchlist: + +**APVO** is a low float, on watch, maybe support around $12 + +**OIIM** is a lowish float, watching for a setup above $8 + +**SAVA** is a lowish float, resistance at $12 + +**OCUL** watching for a setup above $12 + +**UPWK** is an earning winner, on watch + +**MGNI** has support at $10 + +**IMGN** key level at $6 +Hello Apes. + +TL;DR by u/joshsplosion + "I know my ElliotWaves and oh boy this is a wave. $50M is not a meme. DRS. 💎✊" + +I had been debating making this post for months and held off because I hate reddit, and I left for good reason because I have a lot better things to be doing than arguing with internet randos. Not good for the mental well-being. But I felt this post is too important to help sift through the misinfo and FUD. + +That being said. One thing to understand about FUD is some is justified, and some is not. There can be valid reasons for one to be fearful or uncertain about an investment, and that is where Due Diligence comes in. To separate the legitimate FUD from the fake FUD to get apes to fight, divisive and weak. + +So a tad about me. I am a purely technical trader. Over the last few years I have mastered Elliot Wave. And I can tell you, any elliot wave you have witnessed on this sub prior to this post was complete and udder shit. It’s been difficult to not tear a-holes a new one for their piss poor EW analysis. So if you are someone in this sub who does practice Elliot Wave and understands it’s power, try to see this post not as being torn a new asshole when you see it properly performed, but to see what you can become if you continue to hone the craft, understand you’re never done learning, and allow new knowledge to fill your always empty intellectual cup. And remember, the Empire was able to convince an entire Galaxy that the Jedi were a myth all in the span of Obi-Wan’s life. + +For the record I have never seen one Elliot wave post with a correctly analyzed WXY complex correction. Everyone needs to understand that in any discipline, especially when learning initially, assumptions must be made. That is why in Engineering low level classes you can make assumptions about gravity or the boiling temp of water, for example. However, in real life those assumptions cannot be made, it is no different for elliot wave. This is why most corrections are in fact complex WXY’s in some way or another. When I see people drawing ABC corrections it is a good indicator they are new. Complex WXY’s does not imply they are difficult to understand but rather simply a combination of any of the correction types: flats, zig-zags, or triangles. There are also the ever elusive WXYXZ correction. In my experience you may never come across one in your life, so if you are drawing WXYXZ’s in your chart go back and start over. One of the hardest parts of EW to wrap your head around is that is completely ambidextrous, you can have 5 wave impulses upwards and downwards, corrections can be upwards or downwards. It is all in the counting of the sub-waves. There are also non-impulsive motive ways in which waves 1 and 4 overlap. Practice is key. + +This is not and cannot be some all-encompassing learn everything about Elliot Wave post. It takes years to master. If you are interested in learning EW, the pdf bible of EW can be found here: + +https://www.investmenttheory.org/uploads/3/4/8/2/34825752/elliott-wave-principle.pdf + +You can also search out Victor Manena on youtube. Victor and I are the Sith-Lords of Elliot Wave. But who Master and who is Apprentice ? + +If you are serious about learning EW I would recommend watching and re-watching Victor’s videos until it begins to make sense. Question nothing he does, because you know nothing. Remember that and you may be able to learn. + +I also just want to leave a little bit of what led me to become GME. As I mentioned earlier, I am a purely technical trader. I watch 0 news or any media sources which could influence my analysis. Last July I entered positions in BB and GME options based purely on analysis of the charts. I bought my GME options around $3.00 with a $6.00 Strike. When GME hit $9-10 I exited my trade for like some 600% gains. That day I was looking again at the charts zoomed out and thought... “ya, I think I exited too soon”. Afterwards I am ashamed to admit, I laughed at you apes when I would turn on reddit and see what I thought was horse-shit ppl talking about GME going to the moon and competing with Amazon, etc... + +But then GME had its little run. And this last spring, once a few months had played out I glanced back at GME 6 -week chart and was like, OMFG. I could see that after that time at a zoomed out glance what was happening. The Grand-Supercycle wave 2 had completed and the January spike was Wave 1 of the now Grand-Supercycle wave 3. Typically the most impulsive of all waves in a 5 wave sequence. It was then that I finally came back and began digesting some of the DD to see what the hell was in fact going on with GME. But it was the charts and EW that brought me here. + +So let’s get into it. When I perform ElliotWave, I always begin by zooming out to the maximum timeframe and start from 0. In the case of GME, which began it’s journey as Babbages Inc. In 1984, a few assumptions must be made. I know the Grand-Supercycle wave 1 completed in November 2007. That had to be a 5 wave move, so I filled in the 5 waves. Also, all EW should be performed on LOG or SEMI-LOG charts, especially when looking over long timeframes. Here is the Grand-Supercycle WAVE 1: + +https://www.tradingview.com/x/7GSClFOe/ + +A simple 5 wave impulse which began at the inception of Babbages in 1984, completing November 2007. + +Next we have the Grand-Supercycle WAVE 2: + +https://www.tradingview.com/x/F1scTjgY/ + +Without over detailing the image, this is a 5-3-5 Complex WXY wave 2 correction of the Grand-Supercycle timeframe. W wave is a 5 waves down, into a complex WXY wave X which is a correction of the 5 wave down wave W. I tried to use colours to visualize the different time scales. The Giant Pink Wave 2 began November 2007 and completed in April 2020. A nearly full 13 year correction. Next moving in we have the yellow WXY which is a 3-3-5 complex WXY FLAT correction. And inside we have concentric Complex WXYs playing out on ever smaller time scales. Green complex 5-3-5 WXY Zigzag. Cyan complex 3-3-5 WXY FLAT. Blue 5-3-5 complex WXY zig-zag. Orange complex 5-3-5 WXY zigzag. All encompassing the little Red simple ABC 3-3-5 FLAT. + +This is what you need to understand about Elliot wave, is that you get multiple timescales playing out together. In the case of WXY complex corrections you should envision a rope in your hand, tied to some point on a wall. When you begin to shake the rope, you get reverberations which hit the wall, get reflected and constuctive and deconstuctive interferences playing out within the wave forms until it all settles down, and the correction completes. So this GrandSupercycle wave 2 played out on over 7 different timescales. I call that a 7 degree complex WXY which again, is the Yellow WXY on that chart. Notice how that Yellow WXY was actually inverted, a correction upwards, of its initial 5 wave impulse. + +I understand this can get confusing, hence pretty colors. + +So to re-iterate, there were 2 5 wave moves surrounding the the 3 wave yellow WXY. Making the entire Pink 5-3-5 WXY Zig-Zag Grand super cycle WAVE 2 completing April 2020. + +Here is a zoomed out pic of entire WAVE 1 and 2 of the Grand-Supercycle. + +https://www.tradingview.com/x/VI6F3NQq/ + +Now is when things get quite interesting. As Wave 3 of the Grand-Supercycle commences... + +https://www.tradingview.com/x/QjsfQzBV/ + +Things to note. Wave 3 will itself be an entire 5 wave impulse upwards. All it took was a glance for me to see, that Wave 1 of Wave 3 is already complete. Which means since January, we have been inside the Wave 2 Correction of Wave 3 of the GrandSupercycle. + +This is where I shit myself when I first drew the patter. I can tell you, I have never seen a chart like this in my life. I do not believe $50 million is a meme. MOASS will happen. Just as soon as we complete this wave 2. + +Another note about EW. It should not be used to predict precise moments in time. But rather, levels to be reached. As I’ve already touched on, corrections can become complex nearly indefinitely into time. Also 5th waves can extend for very long periods of time. But the levels as targets are what is important for any EW practitioner. Also remember, EW needs to have a “certain look” to the wave forms. This is how I can assume a general look for the Wave 1 Grand Supercycle even though we had no price history before 2003. That 5 wave pattern plays out over and over and over again in the charts, as fractals of the same patterns on all timeframes depending how zoomed in or out you are. + +But remember all that bull-flag talk ?? That is the current Wave 2 of Wave 3 correction we are in. Also, wave 3’s are typically the most impulsive waves. Which means we are coming into Wave 3 of Wave 3 ... of the Grand-Supercycle. So all you have to do is take a half eaten purple crayon and lay it chew it down to the length of the Wave 1 of Wave 3 (January til now) and assume it goes quite a bit higher. Considering IMO we have not seen anything to resemble MOASS, I feel it is a safe assumption to ASSUME HIGHER. So have a look: + +https://www.tradingview.com/x/hlpoPWAA/ + +Yes. YES THAT IS RIGHT. $50 million is NOT A MEME. This chart has this look. We will see absolutely astronomic numbers. Try to understand, as I have highlighted a few different levels, at these altitudes moving my cursor by even a fraction of an inch is the difference between millions and 10’s of millions. But that is the game we are playing. To me this is the look of this chart we could very well see playing out over the next few years. I am looking for this CURRENT wave 3 to complete somewhere between $50 million and $150 million USD. + +Now. I’d like to take a moment to address the elephant in this room, which is DRS and part of what persuaded me to make this post. + +If you know anything about buttcons. Then you should know about the saying “not your keys, not your buttcons” . I had this epiphany a few weeks ago as DRS began to catch on, and was pleasantly ecstatic when I saw others had come to that conclusion. Therefore, not your shares in your own name, not your shares. + +I encourage someone to make this meme, as this post has gone quite long. But I really need to emphasize. I think any brokerage that is caught holding the hot-potato which is GME synthetic shares, is going to get wiped off the face of the Earth. + +I believe all Banks that have a brokerage with GME synthetics under their umbrella, will be wiped off the face of the Earth. + +I think a comparison could be made to holders of GME synthetics those early Buttcon investors using MTGOX exchange when it got hacked and losing their now would be fortunes. All because they were too fucking dumb to store their keys on an exchange which can get hacked. + +I am sorry to all the current holders of GME synthetics which have not yet DRS any of their shares. But I will not feel sorry for you when MOASS comes. + +People like to laugh at the popcurn apes. But if you have not DRS any shares, you are as smooth as any of them. + +People like to laugh at the smoothies still using Feather in the Capofthehood for their charts or god forbid to hold their shares... I feel sorry for you. + +I sense a great disturbance in the APEFORCE. A great devisive calamity rapidly approaching where nobody, and I mean nobody will feel sorry for the apes who have drug their heels to NOT protect their investments. + +To all the apes thinking your shares are safe in tax sheltered accounts. Wake the fukc up. Where we are going, taxes are irrelevant. In this scenario there will be no tax free gains if the exchanges go belly up. This is going to happen. Also, there is no tax hit if you never fucking sell. Just like how the SHF planned to never cover their shorts, why even worry about realizing your MOASS gains?? Insert Morpheus dodging bullets meme. When MOASS is ready, you will not have to. If you have DRS shares, you walk into a bank and tell them how big a loan you require to build a new castle and its done. No selling required. + +I liken the calamity coming to Independence Day with Will Smith. ... Jeff Goldblum like “ well, if my calculations are correct the signal should be gone in a few days anyway “ + +And as the aliens which is MOASS positions themselves over the skyscrapers, and you have all those groupies holding signs on the roof. Those are the holders of GME synthetics on the ROOF. Side by side with the pupcurn holders, and the Evergrande BOND HOLDERS , delusionally thinking you will get to take part in the greatest wealth transfer in HISTORY. + +WAKE THE FUCK UP. MOASS is directly above the building. It can only save those who’ve DRS IMO. + +If you haven’t DRS any shares you will get nothing. And it will be your fault. You had all the time in World. The Apes of the future will talk about not DRS shares in the same vane as not transferring from little hoodybulgariaboy. If you get greedy thinking “LA DEEE DAAA ONLY TAX FREE GAINS FOR ME” you will get NOTHING. Just like those who held they’re keys in an exchange that got hacked. If GME goes to infinity holding just a few synthetic shares will bankrupt any financial institution you’re using. So everyone needs to wake up. + +De-register some of your TFSAs, or ROTH-IRA’s. Make sure you have some shares in the DRS. Or you will regret it for your whole life. + +Your families who you couldn’t convince to buy GME, will lose everything. A lot of people are going to lose everything when this thing goes supernova. As the singularity collapses in on itself in those final moments, before exploding with more energy than you can comprehend. All brokerages holding synthetics consumed by the Event Horizon which there is no return. + +This is what I call LEGITIMATE FUD. Everyone should be scared if you have not DRS anything yet. There is still time. You should not be taking a chance with this once in FUCKING HISTORY OF THE UNIVERSE opportunity. Im not sure how else I can word this for you all to get the idea. + + +EDIT: For those interested, this is what I'm looking at for the current wave 2 we are in. + +https://www.tradingview.com/x/P44RXtd1/ + +It is a 3 degree complex WXY 5-3-5 ZigZag (Pink) with 2 further WXYs so far on 2 smaller timescales all just about to complete with completion of this final 5 wave move down. It may already be complete. Time will tell soon. +WEED OUT. +EDIT: Thank you everyone for your insight and sympathy. I learned a great deal and I am feeling better prepared to talk to my claim adjuster on Monday. Thank you so much. + +I also am taking the advice of many here and going to the hospital to get checked out for the head injury (just in case). + + +Thank you again for your kindness and expertise. I will post an update on what happens sometime in the next few weeks for those interested. + + +p.s. I was advised to remove this post just in case legal action is taken by any involved party. +[Link to pre-proposal](https://np.reddit.com/r/CryptoCurrencyMeta/comments/p38rb2/disable_live_posts/) + +# Summary: + +Through my personal observations here, I have never seen a live post intentionally created and used by a non-mod. They are consistently accidently created, and can't be converted once made. I propose they be disabled overall to prevent their accidental creation. + +# Problem Statement: + +I will be the first to admit this is not a crushing, dire issue. However, it is a consistent one. While browsing I will occasionally see live posts being made, and every single time the poster says they made a mistake and can't change it. These users tend to be newer members of the sub, and this to me doesn't seem like a good ending for their early experience posting. Live posts do not get the attention other post types receive, which can stifle legitimate questions and conversations from someone trying to get into either the sub or crypto in general. + +Going further, these posts now also will be counted against a users daily posts. Since the posters tend to be newer members, this again seems like a negative experience for newer members of the sub. + +With low user interaction, taking up one of a users three daily posts, and the almost always accidental nature of them, they seem to add nothing of value to this sub as a whole. + +# Solution: + +Live threads should be disabled. Mods would still be able to create/use them for any planned events or other official posts. This would prevent their accidental creation, and everything associated with that as said in the problem statement + +# Concerns: + +\- Users would not be able to make live posts if they legitimately wanted to + +This is true. I would like to ask how many users have actually ever intentionally made a live post here, and had a positive enough reception to want to create another one? Could it have just been posted in the daily for the same results? The daily is itself basically a live post without officially being one. [This pre-proposal](https://np.reddit.com/r/CryptoCurrencyMeta/comments/otdn3x/should_we_try_making_the_daily_a_live_thread/) looked into changing the daily into a live post and was overwhelmingly shot down. No one seems to like live posts despite that actually being a place for one. + +For the what I believe to be very few intentional ones that I have never seen, they are very much outweighed by the accidently created ones. + +# Conclusion + +Did I write an entire governance poll about a minor issue like this that will probably only impact a newer user once or twice overall? + +Yes. + +If I had accidently done this in one of my first few posts, It would have slightly bothered me. While its not a big issue if there is no reason for this slight annoyance to be possible, why not fix it to give new users the best chance at a positive first interaction with this sub and potentially crypto in general? + +[View Poll](https://www.reddit.com/poll/qh2l1z) +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! ✌💗🦍🚀🚀🚀🚀 +What are oracles? How do they work? And how do smart contracts benefit from them? I’ll try to answer these questions in this post. + +## Blockchain Oracles + +You may have heard of the Oracle problem. This problem is actually a very simple limitation, and that is that blockchains cannot retrieve or send data themselves to an external problem. In any case, this function is not built into the blockchain itself. + +As a result, blockchains are actually isolated networks that look suspiciously like a computer without an Internet connection. And that isolation is precisely what makes the blockchain so secure, because no one can access it just like that. + +The participants of the blockchain network check whether everything is done according to the rules, based on the consensus algorithm. For example, they check whether the transaction has been properly signed and whether the transaction can be made within a smart contract. This also makes smart contracts very trusted. They work exactly as they are made, and it is impossible to deviate from them. + +However, smart contracts must be connected to the outside world, so that they can be used in as many situations as possible. For example, smart contracts in the financial world need market information to pay for settlements, and smart contracts in the insurance world need certain information from the internet to make decisions about policy payments. + +Smart trade finance contracts need trade documents and digital signatures to know when to release payments. + +So you see that an awful lot of external information is needed before smart contracts can be used in all sorts of ways. And none of the above information is generated within the blockchain. So there must be a connection between the blockchain and external systems in order to set up a new infrastructure, also known as the 'Oracle'. + +Blockchain Oracles therefore in fact provide the data necessary to be able to execute smart contracts when the set conditions are met. A blockchain Oracle is the only way for the blockchain to communicate with the outside world. + +## What does a blockchain Oracle do? + +Blockchain Oracles are therefore the bridge between the blockchain and external systems that can provide the blockchain with information. In fact, it is the man-in-the-middle that takes care of the communication between two different systems. + +An Oracle has several functions to ensure that this communication can be established. + +Let's talk a little bit more about Oracles' key features: + +* Listens to the blockchain network to check for requests to fetch data outside the network to make smart contracts work. +* Retrieve data from different types of systems in order to be able to offer the requested data. +* Convert data to the correct format in order to allow different systems to communicate with each other. A blockchain cannot just communicate with any other system, because they are different programming languages, have different system requirements, etc. The Oracle takes care of the compatibility. +* Validate performance with a cryptographic proof that certain transactions, signatures and executions actually took place. +* Make calculations on data. Consider, for example, calculating the median, as well as performing more complex tasks, such as generating insurance quotations based on different types of data. +* Sending data and evidence to the blockchain and other systems, so that they can then perform the necessary actions. For example, smart contracts can perform actions based on the data that the Oracle sends. + +In order to provide the above functions, the Oracle must work on and off the blockchain at the same time. The part that sits on the blockchain is there for establishing a blockchain connection (to listen for requests), broadcast data, send evidence, convert blockchain data and sometimes perform calculations on the blockchain. + +The portion that works outside of the blockchain is for processing requests, retrieving and formatting external data, sending blockchain data to external systems, and possibly performing calculations in more advanced Oracle networks. + +## Oracle examples + +There are many different situations where Oracles can offer a solution. Consider, for example, betting on football matches. For example, you could place a bet with a friend about the winner of a match. + +You then put this bet into a smart contract. The winner will then automatically receive the reward. But the smart contract will have to know who the winner of the competition is. The fairest way is that it happens automatically, and no person has to enter the outcome. + +In principle, a smart contract does not interact with the competition. An Oracle will therefore have to be made so that the blockchain and the smart contract can read who has become the winner of the Classic. + +By means of a trusted API, the smart contract can read who has won the competition. Smart contract then determines who is the winner of the bet, and the money is then sent to the winner. + +In the absence of Oracle, the bet could not be settled fairly. Then there should be a person who enters who the winner is, but in that case there is a chance that this is not done completely honestly, because the importer can also enter something else. + +## Chainlink + +An example of an oracle platform is Chainlink. Chainlink wants to connect different blockchains as well as external systems. They do this by giving the smart contracts access to resources such as data feeds, web APIs and traditional bank details. These resources are provided by the affiliated agencies that can use the smart contracts in return. As a result, they do not have to switch to a new system themselves and can still use smart contracts. In addition to the fact that they are allowed to use these smart contracts, they also receive a reward in the form of LINK tokens for supplying data and APIs. When a party does this, they are called Chainlink Node Operators. They are then responsible for maintaining the connection between the API and the Chainlink network. The Chainlink network consists of all connected Node Operators. + +## Band Protocol + +Another interesting oracle platform is Band Protocol. The main difference between Chainlink and Band Protocol is that Band Protocol uses its own blockchain called BandChain, based on Tendermint, with a Delegated Proof of Stake (DPoS) consensus algorithm. It works in the Cosmos ecosystem. Chainlink, on the other hand, is not a blockchain, it is a kind of network of nodes that only work when oracles are solely focused on delivering data between entities. There is no blockchain of its own, because it is all based on Ethereum. + +## Conclusion + +With a blockchain Oracle we can have the blockchain communicate with central systems, so that much more is possible. Smart contracts in particular can make good use of this. + +Blockchain Oracles therefore ensure that we come a little closer to a future in which blockchain can play a major role. It builds a bridge between the world as we know it today and a world as it could be if we use blockchain. + +&#x200B; + +* Interested in liquidity pools? Read about them in [my previous post](https://www.reddit.com/r/CryptoCurrency/comments/mfk2oi/defi_explained_liquidity_pools/). +* Do you know how to [wrap a Bitcoin](https://www.reddit.com/r/CryptoCurrency/comments/mh2oc7/defi_explained_wrapped_bitcoin/)? +Ford Motor Co. F -5.01%▼ confirmed Monday it is laying off roughly 3,000 white-collar and contract employees, marking the latest in its efforts to slash costs as it makes a longer-range transition to electric vehicles. + +Ford sent an internal email Monday to employees, saying it would begin notifying affected salaried and agency workers this week of the cuts. The email was reviewed by The Wall Street Journal. + +The workforce reduction mostly targets employees in the U.S., Canada and India. About 2,000 of the targeted cuts will be salaried jobs at the Dearborn, Mich., auto maker. The remaining 1,000 employees are working in contract positions with outside agencies, the company said. + +The cuts weren’t unexpected. The Wall Street Journal and other media outlets reported in July that layoffs were coming for white-collar staff as part of a broader restructuring to sharpen the car company’s focus on electric vehicles and the batteries that power them. + +https://www.wsj.com/articles/ford-confirms-layoffs-says-it-is-cutting-about-3-000-jobs-primarily-in-u-s-and-canada-11661180161?mod=hp_lead_pos2 +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +The U.S. Federal Trade Commission (FTC) is likely to file an antitrust lawsuit to block Microsoft Corp's $69 billion takeover bid for video game publisher Activision Blizzard Inc, [Politico reported on Wednesday.](https://www.reuters.com/markets/deals/ftc-likely-file-lawsuit-block-microsofts-69-bln-bid-activision-politico-2022-11-23/) + +A lawsuit challenging the deal is not guaranteed, and the FTC's four commissioners have yet to vote out a complaint or meet with lawyers for the companies, the report said, citing two of the three people with knowledge of the matter. +I had a laugh at [this](https://www.reddit.com/r/UKPersonalFinance/comments/ex6xx3/what_is_your_salary_and_how_much_rent_do_you_pay/fg7kxa7/?context=3) thread where it seemed everyone was earning the huge bugs. So i decided to quickly go through it, try and aggregate it and see what the charts show. + +Turns out the numbers are small enough that its easier to just manually tally them up rather than me try to do some trickery on it. The data is ugly and nonstandardised and there were only like 250 data points + +Here is some shitty /r/dataisbeautiful + +Median wage - 37000 | Mean wage - 45810 + +Median rent - 650 | Mean rent - 771 + +[wage to rent scatter](https://imgur.com/Gkq4yBz) + +[average wage per available location](https://imgur.com/Dl5DRWX) + +[average rent per available location](https://imgur.com/9SdpwE6) + +There are some hilarious outlier but overall not that far off from the averages + +No idea why i did this. Enjoy +Yesterday I was sacked at work. Honestly it had been aong while coming and writing was on the wall for a while, so I had been interviewing at other firms. + +Today, I was made a job offer which I will accept and sign the contract for tomorrow. They want me to start on 1st August. + +Now, the issue is, my old place of work have been decent about it and said they'll pay me until 13 Aug but I'm not to come in - gardening leave to be honest. As things stand I'm expecting two more paycheques - 1 in July as normal and one for about half for Aug. + +Now, if I'm starting another job before my notice is up, am I still entitled to the pay from my original employer? + +I would imagine not, but hey, if double dipping is an option I'm all for it. +There are various threads about savings returns as they increase and people wanting the highest rates. + +As savings rates increase and returns increase, you will start to hit the tax thresholds which will reduce your returns. + +If you are a basic rate payer (up to £50k) you have £1,000 tax free interest income. + +For a higher rate payer this drops to £500. + +Anything above your interest free threshold gets taxed at your income tax rate, so while you might see a 4.5% rate advertised, that doesn't mean you will get 4.5%. + +Banks can't advertise your personal savings rate as it will depend on your individual circumstances. + +E.g. (based on another post) + +>4.5% interest on £40k is £1,800 per year. + +>If you earn under £50k gets taxed down to £1,640 (4.1% effective post-tax). £1,000 tax free, £800 taxed at 20%. + +> If you earn over £50k it's £1,280 (3.2% effective rate). £500 tax free, £1300 taxed at 40%. + +If you put money in an ISA, you might get a higher return even if the headline rate is lower. E.g. for the higher rate payer, putting £20k in 4.5% outside an ISA would get £740 (£500+£240*.6), or 3.7% return, and putting money in an ISA at 4.1% would get you 4.1%. Net return on the same £40k goes from 3.2% outside the ISA to 3.9% when half is in an ISA. + +So make sure to consider whether it's worth putting money in an ISA. Don't just look at headline rates, consider post-tax returns as well. + +Other key points: + +* The banks will report to HMRC how much interest they paid you and HMRC will adjust your future tax code to get their money, it won't be deducted in advance +* The payment timing will impact the tax treatment. HMRC cares about when it's available, not when it "accrues". If you have a 2 year FTD which pays out in 2024 with all the interest at the end, ALL of the interest goes into your 2024 tax year, you don't get half in 2023 and half in 2024. If it's paid monthly then it will be spread. +* Joint accounts will usually be reported 50/50 so you can spread the returns and tax between you and a partner/etc if you have a joint account - but not all banks offer joint accounts. +* You can only open one type of Cash ISA per year, so don't start opening loads all over the place. You can transfer money from one ISA to another though. https://www.gov.uk/individual-savings-accounts +* As pointed out in a comment, premium bonds are also tax free. So the 1.98% (IIRC) expected return excluding large prizes is 1.98%, with no tax. Money at c.1.98% in premium bonds is better than 2% or more in an instant access savings account if you are paying tax. (https://www.moneysavingexpert.com/news/2022/09/ns-i-premium-bond-rate/) +**$ACGX** (Alliance Creative Group, Inc.) are a company in the packaging and logistics business working with big corporations like Uber, Kroger or Aldi. They have a very robust set up, with multiple locations through the US and are a profitable business, generating **$10 million in revenues** in the last 12 months. This value is close the current $TLSS revenues (valued at $60 million). + +Well, so why is this ticker so interesting? The current market cap for $ACGX is only at around half a million dollars, with around $300000 in the public float. This makes it crazy undervalued and could easily support a **5x-10x run**. + +Looking at their balance sheet, we can see that the net assets are at around $1.5 million, or 3x the current market cap, but it gets even better. They have another investment that is not mentioned in the assets column that goes by the name of PeopleVine. **PeopleVine** is CMS startup that $ACGX invested $720,000 in 2019. That investment is now valued at **$2.5 million, putting their net assets at $4 million or 8x the current market cap.** + +https://preview.redd.it/hhw8mps8i2u71.png?width=550&format=png&auto=webp&s=7dd511db27e52b5894cec62b0661bf421de14117 + +To me, this stock seems like a good pick right now, as it's looking like it just needs more eyes and volume on it. It moves very fast, due to the low float it has and it hit $1.6 during the February penny stock craze. + +You can check my post history on this subreddit. Posted some 5x-10x runners way before anyone else. This post is not financial advice, so do your own DD. GLTA. + +&#x200B; + +[Juicy SS](https://preview.redd.it/px8pjrecj2u71.png?width=626&format=png&auto=webp&s=312c792c243400b2db09b13cca9fab7260f740d8) + +https://preview.redd.it/oy4585u7i2u71.png?width=393&format=png&auto=webp&s=1eae464c25025a2b0eeb50f1fb2ab724157577e7 + +https://preview.redd.it/mdzlbsf9i2u71.png?width=602&format=png&auto=webp&s=6c30aed4dfe81049017866b6f5265ddae9c47f64 +I recently switched my mortgage payment form monthly to fortnightly after reading a post on here about the benefits of doing so. Keen to hear what your top money hack is! What’s are the easy/low effort things you do that saves you big? +Hi all, + +Just looking for some preliminary guidance but please let me know if this isn’t the place. + +My mum has worked incredibly hard throughout her life. Unfortunately, both her and my dad (they’ve been divorced for a few years now) did not make the best financial choices. My mum has no assets but she has a reasonable amount of savings and about $200k in her superannuation fund. + +Due to health reasons, mum has abruptly decided to retire and she’s in the process of applying for the pension, which is a drastic cut to her income. As she currently rents an apartment that she soon won’t be able to afford and is unable to drive, I’m a bit worried about her future. + +I’m looking at jointly purchasing a property my with her. While I’m married, the title will just be myself and mum and she would live in the apartment. Essentially she would pay a portion of the rent and I would pay the remaining mortgage amount, strata fees etc. Ideally looking at a two bedroom in Sydney’s inner west, so potentially she could have a friend as a flat mate to help with the repayments. We would be eligible for the first home buyers benefit as neither of us have ever purchased property. + +Is this a terrible idea? I’ve had some preliminary chats to a bank about it and they weren’t terribly helpful. Who should I be talking to, eg a financial adviser, mortgage broker, accountant or lawyer, about this arrangement? + +Thanks for your help +https://www.cnbc.com/2019/09/18/faa-chief-says-he-wont-certify-the-737-max-until-he-flies-the-plane-himself.html + +FAA Administrator Steve Dickson’s decision to fly the Max before giving it final approval for commercial service is a new development. + +Dickson’s comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. + +The FAA administrator will meet with Boeing executives and be briefed on software updates to the 737 Max flight control system. +I hope this is ok to post. I (28f) would like to invest in some stocks. I literally have no clue how or where to get started. I have no one to advise me on this. Is there anyone that could lend some friendly advice for a newbie? +Is there a way to protect a long call to cap your loss? + +When selling puts, you can make it into a put spread to cap your loss by selling a put at a certain strike and buying a put at a lower strike. This lessens your max gain but protects you if the price of the underlying goes below the lower strike. + +Is there some similar protection on buying calls? I've looked a bit and can't find anything concrete. Thanks. +Numerous redditors as well as as countless scores of youtube videos tout the "safe" successes of these two options strategies. Apparently all these folks are reaping steady, albeit small, cash flow with little risk, as long as they are selecting strike prices at which "they'd be happy to sell/buy the underlying shares." + +The question is, if it's really *this* easy, why isn't everyone doing it? I generally don't trust anything I see on Youtube but I can't see any glaringly wrong information presented in these videos. + +I guess one thing I thought of is the opportunity cost on cash secured puts. Is it really worth tying up tens of thousands of dollars just to make $50 a week? Why not just invest that money in an index fund and call it a day? + +What am I missing here? +[I traded this account about once per month, starting with options and then transitioning to stocks](https://ibb.co/GPYLGvb) when gains were enough. The returns could've been higher but I wasn't looking for home run trades so I closed when profits were high enough. + +**Simple but effective advice** + +It's very common that traders and investors make ridiculous gains and then end up losing everything because of one thing: mental wear out. Staring at a trading screen non-stop for days at a time isn't going to allow you to be consistent. Minimizing the number of trades you're doing helps keep the original focus and profit streak. After profits, just relax for a week or two, and your returns will become more consistent. +Many are predicting a market crash or a financial crisis in the next few years. +What do you think would happen to P2P Lending platforms in this case? +The P2P markets are also very different (China vs. India vs. Europ vs. North America...) and they are differently regulated everywhere. + +Would it mirror what would was happening with banks in the last crisis? + +I am mostly interested in the Euro market but opinions on others are also welcome. + +Looking for motivation to get out of this loss. Please share your story and how you turned your loss into profit. + +TTCF: Bought 50 puts instead of 1 due to stupid default trading setting. Last Friday 1.1k expired worthless + +SPY: Last five times it bounced off 50SMA. SPY Call around $900 expired worthless today and last for me. Holding remaining Oct calls. I don't know at this time if I continue to hold or sell for loss to secure their value. + +&#x200B; + +https://preview.redd.it/eoxutxde8qo71.png?width=2103&format=png&auto=webp&s=f33f985ac12669e65e527e225a99e125c8f542cf + +Below is what's left: + +&#x200B; + +https://preview.redd.it/lnxvjvzd8qo71.png?width=1746&format=png&auto=webp&s=24301111d91cb6a36e21d64351323649883cd084 +https://www.wsj.com/articles/trump-postpones-steel-tariff-decision-for-eu-other-u-s-allies-1525130978 + +The White House said broad tariffs of 25% on steel and 10% on aluminum—already in effect against China, Russia, Japan and others—won’t take effect for the EU Tuesday as previously planned. Instead, Europe will have an additional month to keep talking with the U.S. about a new pact to avoid the tariffs. +I’d like to diversify my investment portfolio to include more low risk investments. I’m curious, which financial instrument has the highest guaranteed rate of return? So far, it’s the SkyOne Federal Credit Union 2-Year-CD with a 5.00% APY and the Canvas 7-Year-Annuity with a 5.70% APY for me. +I'm an engineering undergrad- mostly got a tech focus but I'm interested in industry as well. + +I like picking up skills and knowledge, and I think a working understanding of finance wouldn't hurt. + +Can someone point out something a little structured that I could read in my spare time to teach myself basic finance? + +I was thinking of the CFA level 1 curriculum, but that may not be enough of an education in some fields, or too much in others. + +Perhaps a list of topics I should definitely check out? + +I'm a generally hard worker so the intensity of the course isn't a big issue. Haha, all so that I can finally make sense of the business section of the newspaper. +Rep. Tom Emmer, the most vocal proponent of GG's removal, gets TONS of campaign donations from financial organizations that don't like what GG is trying to doing. + +Check it out: + +[Digital Currency Group = Greyscale Investments ... the same Greyscale that is suing the SEC to be able to convert $GBTC into a Bitcoin spot ETF.](https://preview.redd.it/07yy3j8n5jz91.jpg?width=1024&format=pjpg&auto=webp&s=e0ed6e853a4518a1195142311d66bedb555c61c0) + +Furthermore, Emmer has been a consistent opponent of transparency in the marketplace, and has cheered rollbacks and stifling of key Dodd-Frank reporting requirements. + +https://preview.redd.it/aaxwzoxv5jz91.png?width=1692&format=png&auto=webp&s=f5694a816ec56934e5f06f94da66990ea08259da + +https://preview.redd.it/r18djfaw5jz91.png?width=1686&format=png&auto=webp&s=5284f980ceca5de00e20d70cc0376e7ec2922c65 + +This guy (Emmer) is no friend of apes, retail investors, or marketplace transparency and fairness. The sudden rise of "Gary Gensler has to go" posts is super, super sus. + +In my mind, the jury is still out on GG. Yes, at face value he looks like a big pussy. But I do like some of the new regulations I've seen, as well as the ongoing DOJ investigations that have been initiated by the SEC (they do take time, but they are ongoing which is reassuring). Of course, the proof is in the pudding and we haven't been served much of that yet. But soon, hopefully. Personally, I'm going to give the process time and space. + +At any rate, question this latest round of attacks on GG, and understand where they are coming from. Make no mistake — GG is making moves that industry big wigs don't like. If he weren't, politicians would be keeping their mouths shut. +The front month Brent contract is trading at 46.57. The 6th contract is trading at 52.32. The 12th contract is trading at 57.92. + +Let's assume oil goes up to $80 a year from now. You'd make something like 40% *only if you buy the 12 month contract today*. If you buy ETFs/ETNs that are just giving you front month contracts, you're going to get your dick bit off by possibly the most contango heavy environment I've ever seen for oil. You are losing roughly $1/mo just in roll costs for a typically backwardated commodity. This means that if oil doesn't go anywhere, literally doesn't change at all, you are losing 2%/mo just for being in the market. + +Good luck. +The front month Brent contract is trading at 46.57. The 6th contract is trading at 52.32. The 12th contract is trading at 57.92. + +Let's assume oil goes up to $80 a year from now. You'd make something like 40% *only if you buy the 12 month contract today*. If you buy ETFs/ETNs that are just giving you front month contracts, you're going to get your dick bit off by possibly the most contango heavy environment I've ever seen for oil. You are losing roughly $1/mo just in roll costs for a typically backwardated commodity. This means that if oil doesn't go anywhere, literally doesn't change at all, you are losing 2%/mo just for being in the market. + +Good luck. +Mid 30's and was just speaking with my wife about funding her Roth for the year and our children's ESA accounts. She has absolutely zero situational awareness on these matters and our investments and liabilities. Is there a product that exists (a guide, a book, etc...) to leave her certain information? Or is it best just to put it in a notepad and keep it in the safe? + +Hi so when I was young my dad sued a company on my behalf for a wrong doing on me. And now I have this large some of money it’s sitting in a bank account gaining interest rn. I kind of want to never touch this money until I retire but I was thinking of getting an investor to invest it for me but my dad keeps saying it’s the wrong time to do that rn or do anything with it anyone got any ideas? + + + + +P:S I just want this money to go tours my retirement and somehow learn a way I can put this money into something else so I can make more money 😂 +Trying to keep this short and sweet. My SO is dead set on sending our 3 yo son to pre-school. The tuition will deplete my entire savings. She has offered to pay for next years tuition in return. + +However, I can not ignore the fact that I think is not the best decision. I would love to send my son to pre-school but given our current living situation being at our parents houses, I don’t think this should be a priority in our budget. My original plan was to save this money towards an apartment or down payment on a house. + +I’m now getting cold feet before handing over the payment and would really appreciate some feedback. + + + +What are the things you've always wanted to know about but have been too afraid of asking? What do you need to retire? Is your financial advisor working on your behalf or just raking in fees? What does it all mean? + +Remember - this is a safe place. Upvote those that contribute, and only downvote if a comment is off-topic or doesn't contribute to the discussion, **not** just because you disagree. + +Consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +So I received a 25k check and I’m concerned on how to use it. Currently, I am terrible at managing money. + +I have a car note for 11k and CC debt for about $900. My credit is 566 and I want to buy a house, next year- or maybe stop working when I get married. But I need to improve my credit. Should I pay all of that off and keep about 13k left for savings? + +What do you think is a good idea? +What are your thoughts on moving part of your emergency fund into a Roth IRA and investing it into something safe? + +Since contributions (but not earnings) can always be withdrawn at any time, in theory you would have access to those funds in case of an emergency, while allowing the earnings to grow tax-free. + +I would then continue to replenish my emergency fund in my savings account over time. Once that is at a sufficient level, I would then gradually transition my Roth IRA funds into something riskier. + +Thoughts on this approach? Has anyone done something similar? +Trying to keep this short and sweet. My SO is dead set on sending our 3 yo son to pre-school. The tuition will deplete my entire savings. She has offered to pay for next years tuition in return. + +However, I can not ignore the fact that I think is not the best decision. I would love to send my son to pre-school but given our current living situation being at our parents houses, I don’t think this should be a priority in our budget. My original plan was to save this money towards an apartment or down payment on a house. + +I’m now getting cold feet before handing over the payment and would really appreciate some feedback. + + +My bank’s Director called me yesterday (never talked or met him before). +He told me they were doing some security checks and some “anomalies”popped up on my account. They noticed I was regularly moving my monthly income into exchanges and the director wanted to warn me about the risks and volatility or cryptos which btw i’m fully aware of. +He wanted to make sure that I wasn’t investing debt in crypto which of course i’m not. I only invest my hard earned money and what I’m willing to lose. Im totally debt free and i owe nothing to my bank. +So I asked him what he knew about cryptocurrencies in general. He said : “I heard Elon mask bought a lot of it”. + +I’m from a small city in Italy (so please apologize my english) and I was not expecting to the Director of my bank to know much about crypto but also not that little. +He kindly asked me not to bring back the money all at once and I simply told him that i have no intention to do so and that i’m crypto for the long run and not for speculation. I also told him that I was aware of the capital gain tax in case of withdrawals. +He asked some fairly personal financial questions and even though we didn’t speak about numbers I knew he knew because he told me that he could see my money transfers to exchanges which I didn’t really like. On the other hand, i had the opportunity to ask him some questions and discovered that I am the only one in that particular bank that is involved with cryptocurrencies + +I’m sharing this story with you because I found very interesting that my bank noticed me. I am your average 28 yo guy with an average job and an average salary. +I think in the future banks and governments will do their best to make it harder for the average Joe to get involved in crypto. +I just sent the equivalent of 50 USD to Wikileaks from an android wallet I created to experiment with mobile payments (I dumped my iPhone just to buy a phone that would support a native bitcoin wallet incidentally... totally worth it) + +https://blockchain.info/address/1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36v + +And this is what amazed me... I scanned the QR code on the site and punched in a figure and hit submit. And it took about 3-4 seconds for the phone to register the transfer... and then the blockchain website above updated in REAL TIME. + +THREE SECONDS??? For a basically anonymous wallet to send fifty bucks to Wikileaks? Screw 1200 USD. Bitcoin is priceless. The more I use it the more I feel like I'm living in the future. +One of my friends talked to about joining trading with his trading group and they way his presenting it looks something a MLM company would do. I'm still learning about forex trading. +But what I want to ask is is joining a group a good way to start. +A few things to remember before entering in to market. + +1. It is a business not a gambleing. +2. Learn this business same as you learn any other business before you starts. +3. Start with very minimum investment and trade with micro lots. +4. Never enter without stoploss, adopt get in get out rule, be a intra-day trader. +5. Always go with the flow of market not against. + +I respect if you are not agreed with above rules, but make your own and stick to it. + +I wish you all Profitable Trading. Good Luck +Any fundamentals traders know what's going on with the USD? The last 2 weeks the USD has been pumping out great news beating expectations left and right some of which were pretty big. But overall the market is super bearish against the USD which is very annoying. + +Does anyone know why the world is against the USD right now? I'm assuming that it's about President Trump and how so many people dislike him. +In the other thread I made, I said a realistic target for a real long term Forex trader was 2-4% a month. + +A lot of people came in angry, saying 8% a week is possible! 25% a month is fair! + +I will provide for you guys a simple bullshit-o-meter. I will list weekly rate of returns and how long it takes for a lone trader in his basement to buy out the car company Mazda with a 10k starting account. You guys make your mind up if that's reasonable or not. + +Remember we're talking consistent week-to-week profits. No 'bruh I once made 25% in an houuur!" + +Starting size 10k. Target 5Bn. + +* 10% a week - 2.5 years +* 9% a week - 3 years +* 8% a week - 3.3 years +* 7% a week - 3.7 years. +* 6% a week - 4.4 years +* 5% a week - 5.2 years +* 4% a week - 6.5 years. +* 3% a week - 8.6 years +* 2% a week - 10 years. +* 1% a week - over 20 years. + + +The only thing that sounds remotely realistic to me is 1% and sub 1%. + +Ie. Realistically speaking anyone claiming to make over 1-2% a week consistently at most is full of shit. + +Given this. At 1% a week... How large of an account size do you need to make 7k a month (an equivalent salary for say programmer working at a software company). + +175k. + +You need 175k IN cash... To make 7k a month. +With a 10k starting account at 1% A WEEK. That's... 5.5 years. +(keep this in mind when you hear stories of "I started with 3k now I make 20k a monnnth!!!"). To make 20k a month you need a 500k trading account. That's 7 years of profitably on 10k on-top of years of learning. + + +So first you study Forex until you become a 'world class' trader. Capable of consistently earning 1% a week like the best of in the industry. (10k hours) (atleast 2.2 years of staring at the charts 12 hours a day). + + +Then after that you deposit 10k, and make 1% a week for 5.5 years straight without an income, without withdrawing a single dollar. + + +Then, and only at that point, after 7.5 years of your life are gone studying charting skills that have almost no other application or job prospects other than in trading.. + + +You finally make the same amount as a software developer who has worked in the industry for 2 years, and now works from home playing video games and doing 2 hours of work a day. + + +This. Is. Reality. + +The light at the end of the tunnel though is if after 7 years of this.. if you still don't withdraw money and continue trading from your parents bedrooms and end up being 30-40 years old... + +You may be able to buy Mazda the company in cash before you retire. + + + + +--- +**TLDR**: What to actually expect best case scenario: + +* Study Forex 12 hours a day for 2.5 years. +* Save up 10,000USD. +* Trade and make 1% a week for 5.5 years without withdrawl. +* After 7 years, make the same money as a mid-level software developer with more risk and chance of missing a payday and no transferrable skills. + +Normal case scenario: + +- Same as above with timings doubled and blowing 10-20k over the period of 2.5 years learning on blown accounts and Ftmo challenges. + +Worse case scenario: +- Degenerate addiction to gambling, involving depositing chunks of your salary into your broker In a hope to strike it lucky this time and make back the last 6 paycheques you lost on Forex only to have your broker deny withdrawals and stop responding to your emails when you finally do get lucky. +Hi guys, I am currently a student and had saved up quite a bit from taking up part time jobs. I have a dad who is a workaholic, would literally work a day job and do trading at night everyday. He has been in the trading scene for more than 7 years and still going. When i asked him to teach me however, he handed me a couple of books and asked me to read them myself as he does not have the time to teach me. He said he’ll mentor me but i have to know the basics of trading. Do you guys have any suggestions on how i should get started? I’m already in my twenties and i do not want to waste any more time. +Also, I have never been able to absorb much from books. My father is different, he can read many books like crazy. Is there any other alternatives from learning all the basics without reading books? Im not looking at this as a full-time job yet. I just want to pickup this skill as it is a very valuable and unique skill in my opinion +I just stumbled across this link: http://www.worldcupchampionships.com/live-stats-3 which shows the results of a trading competition for Futures and Forex. +I was surprised by *how much* of a discrepancy there is between the net profits of Futures vs Forex. +I know these results might not be perfectly representative and give they are from a competition type event, people probably don't necessarily adhere to best practices in trading etc. but given how consistently the Futures traders outperformed the FX traders (by a huge margin!), I can't help but wonder why that could be. +I understand the basic arguments for Futures over FX such as Volume Data, lower commissions, more regulated Brokers etc. but can any of that really explain this big difference? +Is Volume Data maybe really *that* valuable? +I haven't been able to find any solid resource giving a good explanation, so if you do know one, please share. +Let's assume there's someone who can double his forex account in couple of months. What's his gain in sharing it with others? It makes no sense at all, unless he wants to make online courses, but if someone has a really succesful strategy there's no need for him to make online courses. 95% of YouTubers on Forex or any so called Gurus are scammers or even if they know how the Forex works their strategy doesn't really work, otherwise they wouldn't want to share it with the public. +... of course after setting up my demo account and practicing and learning and reading for a year and winning and losing till I become a skillful trader, is it realistic to gain .03% to 1% return on capital money per trading day steadily for a long period of time some day. +Please share your thoughts. +I'm a junior in college. I've been studying stocks for a while in my free time and find them interesting, but I recently discovered Forex and it seems like a much more plausible ticket out of the daily morass due to the extreme leverage. + +I'm finishing up a summer internship at an engineering firm and I already hate it. Not the career field; I find the subject matter very interesting. But it's so incredibly depressing to see these 30-and-40-and-50-something's whiling away the majority of their waking hours at a job they now at best view with mild disinterest. Then they go home, eat dinner, maybe do something quick with their family before they go to bed so they can do it all again tomorrow. It's seriously like they're plugged into the matrix; they've resigned themselves to it until the age of 65+, and I refuse to let myself become that. + +Has anyone here completely quit their job to pursue Forex, or at least made the switch to part-time work? How much capital did you have saved up? How many years of experience? + +Am I foolish or could I make this a reality a few years out of college if I put the effort in now? +Like many others, I discovered the Forex markets at the start of the pandemic while searching for ways to leave the 9-5 permanently. I'm an Engineer by trade and have always had an affinity to statistics, graphs and such so it felt like a good fit. + +I spent last year learning, developing and backtesting a myriad of strategies on multiple pairs until eventually I settled on 3 pairs, each with their own tailored strategy. + +Roll onto March this year and I started demo trading my strategies to ensure I could pull them off live, and this continued until last week. + +Throughout all my backtesting data and 5 months of demo trading (totalling approx 1,600 trades) my strategies were very profitable overall and there wasn't a single *red* week that went by (my worst week saw a profit of 1.5%, with an average week being about 10%). + +Naturally, I felt confident in moving to live trading and this week I did just that. + +&#x200B; + +Well, the week is now over and it didn't go as expected! My account is down 6% and all 3 pairs broke their individual records for losses in a row, SMH. + +Surprisingly, I am not too distraught about it. I still believe in my strategy and have infact taken some learnings from the ordeal. But still, my first week trading with real money didn't go as hoped! +I’ve been trying to get into day trading and have looked into stocks, forex, & crypto. I’m trying to find one to focus on preferably one that can get me returns worth my efforts. I’ve just started looking at forex and have been wondering how it’s possible to make good money day trading it. It looks to me as though forex moves in tiny percentages. I’m not sure if i’m just totally stupid and not understanding how it works but I would really like to know how you can make money day trading this? If there are any forex traders that can give me some more info on how to day trade forex that would be greatly appreciated. I’m very new to forex and have almost no knowledge about it so any info helps. +For the past couple months our son, who just turned 17, kept talking about forex trading. It seemed harmless enough and we thought he was just researching it and not actually doing it. I happened to check his instagram yesterday and saw a post about making money on his phone, to DM him for details and a link to Im academy. After telling his dad this, his dad started questioning him. Come to find out he has enrolled in this Im academy and has been paying the monthly fee. He enrolled when he was 16 years old. We are truly pissed and dumbfounded on how we missed the signs. He went from being a straight A student to barley passing his honors and AP classes. He went from being motivated with school and getting into college for engineering to now claiming to want to be an entrepreneur/ business owner. +After doing my own research on this “academy” I have come to the conclusion that it is a scam and shameful business that is preying on high school and college kids. These kids truly believe the bs this company tells them and are being brainwashed by them. Our son is not listening to us when we try to tell him this is illegal and what a load of crap this company is. He said he would get paid $1000/ month by recruiting 30 people into his business. We told him no way 30 people fall for this and his response “there are 7 billion people in this world.” Smh. We took his phone from him. I have tried contacting the company but of course no answer. Any ideas on how we can prove to our son this is a shady company and that he is throwing his life away and or a way to get a hold of someone in the company. He is truly brainwashed by this and will not listen to anything we say. +Hey guys, as you can guess I took a really bad trade and made an even poorer decision tonight and it cost me. I lost quite a lot of money. I’ve learned a very hard lesson and will definitely avoid making this unwise decision again in the future. It took a toll on me emotionally and psychologically. I tried my best to minimize my losses, but still took a huge loss. It’s time to recoup that loss and it will take quite some time but I need to just relax and clear my mind for now and go in when I have a well planned strategy for entering and exiting. +Not that I encourage you to quit but as most traders ultimately do quit after months/years of losing, so what it takes for you to conclude that Forex Trading is not for you. + +And Also, what it takes you to be convinced that you can do it for a living and keep going. + +Please comment + + +Hello everyone, my name is John and I need some help. + +I am a 16-year-old boy who has been in trading for over 3 years. I have started with low sums to get my feet wet. Fast-forwarding to the present, I have just finished a 3-week course on technical analyses, knew everything but I learned some new indicators, so that's cool. + +I would like to know your opinion on the following scenario, I would like to ask my parents to borrow 5000 $ from the bank to open my own account. My parents are well financially but they live with the idea that a "business" shall not be open on your own money, hence you will spend the profits recklessly so the only way to get money thru them is just from a bank... + +I have analyzed some brokers and I am going with Pelliron, they got 0 swap, fixed spreads, and some also good bonuses, like 3 % per month from your balance if you make a certain number of volumes, also they got double hit and 1 + 1 partnerships, and I am not going to explain them because it is going to take a while. The most interesting thing about Pellion is that they have a "secure account" option if you make 100 lots/volumes per 1000$ that you have in your balance, in my case 500 lots for 5000 $ and if you lose all your money in the first month they will return the initial deposit, also you have to use SL and other limits. + +I am just worried if it is a good idea to borrow money to open my account, I am also at a top High School and I am worried about not managing everything. What do you think? Should I ask for a loan? +Hello fellow traders. Being fairly new to trading, I'm constantly trying to learn more. I've found AcademyFT, which promises their members to teach them how to trade. Does anyone have experience with them? Is it worth the money? + + +i know the chart below is hard to do but what if you have a very solid trading plan. you are not over trading, not trading with emotions, you are not revenge trading on losing streaks. how much can someone make with a starting capital of $100 in a span of 1 year? + +https://preview.redd.it/m4p25vvgkxx81.png?width=720&format=png&auto=webp&s=976bb8855a36a705ccd393fe071d200eb8b4e172 +Recently someone has shown that Decentraland only has about 300 active players, but has a $7B marketcap + +But this is the case for most other gaming oriented cryptocurrencies, as example, the gaming Crypto "The Sandbox" (third bighest gaming Crypto on coinmarketcap) currently has about 100 active players, but somehow has a marketcap of $4,000,000,000 + + +That is $40.000.000 per player + +If, in theory, CSGO would be valued the same way as a gaming Crypto, it would have a marketcap of $35041200000000 (about x20 more than Amazon) + +These Cryptos are doomed when the speculation from the whales ends +**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; +Apple announced on Monday an event for Nov. 10 where it’s expected to announce new Macs. + +Apple said earlier this year that it planned to release Mac computers with its own Apple-designed chips based on ARM, instead of Intel processors. Apple’s iPhones and iPads have long used Apple-designed processors, which the company says helps extend battery life and provide faster performance. + +Apple could launch a iMac desktop with a new design and laptops using Apple chips, according to a research note from TF Securities analyst Ming-Chi Kuo published earlier this year. + +Mac sales have been a highlight for Apple during the pandemic. In the quarter ending in June, Apple reported $9 billion in Mac sales, which was up 28% year-over-year. + +[Source](https://www.cnbc.com/2020/11/02/apple-announces-event-for-nov-10-where-new-macs-with-apple-chips-expected.html) +I currently have a S&S ISA with Vanguard, with around £5000 in the ftse 100 index and £5000 in the S&P 500 ETF; im also building a fund in the developing markets. I also have a steady emergency fund which will cover 3 months of expenses should the worst happen. + +So, I have decided I want to curate some selection of stocks to a more personal degree than that which is covered in the Vanguard ISA. + +My question is, which trading apps are the best to run in conjunction with my established ISA? + +Apologies if this is a question that has been neaten to death. + +Edit: As pointed out in the comments i don't want to trade stocks, rather find a provider that will allow me to curate my own investment portfolio. +I am nearing the end of my 4 year vesting period and these four years have been quite lucrative due to stock growth. However, when I vest all of this stock I only have a small amount of stock left from tiny refreshes and my base base hasn't moved much since I started. I am in vHCOL area and breadwinner in my family. My salary is $175k base for 15 YOE. Total comp when I started 4 years ago including bonus and stock was valued at \~$250k per year. I left a startup job at the time where my base was $190k but I didn't have bonus and my stock was worth $0 in the end so it was definitely a step up in pay despite drop in base. The last years have been pretty incredible with my total comp around $600k-$700k per year. However, next year it will drop down to $250k again, and that's \*if\* I get my full bonus. The following year it will drop even further to about $210k. + +I don't expect to get a raise or refresh this year and if I do it will be very minimal. + +There are not growth prospects in this company for me - in fact I was taken off of a leadership path both due to my own mess ups and not playing politics well. So I'm stuck and know that I will never be able to obtain a promotion or have a team to lead. I do good work but that is meaningless in terms of increasing my income or obtaining more stock. + +I'm trying to decide if I should leave and when. I initially planned to leave as soon as I received my final vest for the initial vesting period or after bonus and ESPP which is a few months later. I feel very sad about my lack of growth prospects at the company and its quite demotivating. I don't even really have a clear idea of what a good job looks like because the best job I do won't actually help me grow in my career. + +Why not leave then? At the moment I'm working from home and have a decent amount of flexibility. Since I have young children this is important to me. The flexibility could go away overnight though if they make us go back to the office. I do find that earning $250k with that kind of flexibility is still a pretty rare thing and not something I should just trade in for a much more intense job that will require many more hours while I'm trying to be available for my children and also handle my oldest son's recent autism diagnosis and my mother's inability to budget and selling her house etc etc. I feel so overwhelmed with life right now and I wish I could just quit and focus on my family but that's not possible. My husband refuses to take on any more work than his flexible part-time job where he earns $100k a year. He does watch the kids with his dad so that saves us a lot in childcare, but it means I am stuck having to work a job where I'm not valued or start a new job where I'm stressed and need to work beyond the energy I have right now in order to prove myself for a few years. + +On top of all of that I really want a third child in 2 years. I know I'm crazy but my heart says my family isn't complete yet and I want three kids if my body will let me. + +What I really want (I think) is to move to a MCOL and work part-time remote and Coast FIRE but my husband refuses to discuss leaving so I'm stuck. + +I'm also just pretty depressed about my whole job situation because I made a few mistakes but overall I did good work, I'm just socially awkward and neurodiverse and don't know how to communicate with people and my boss couldn't deal with me anymore so she layered me so she doesn't have to talk to me -- I understand her frustration because I get frustrated hearing myself talk but I can't really change who I am even though I've tried. I see other people being promoted and getting recognition for things just because they know how to communicate better than I do. I'm just tired -- of trying to be good enough for the corporate world -- of feeling like I need to get promoted and earn more to be worthy of being a human... of wanting to be a great mom and great employee and half decent wife and being none of those things. I'm exhausted and not sure what to do next. I feel compelled to leave -- I don't want to work for a company that doesn't value me -- but I'm also so scared to make a change when maybe what I have now is the best I'm going to get. + +Thoughts? + +My Fat FIRE goal is $5M (though really $7.5M would be better) and currently have about $2.3M including home equity. +For anyone who has a flexplus account with nationwide - they are now getting rid of the interest, previously 3% a month on up to £2.5k. The £13 pcm charge is remaining the same. A few other things relating to the fee free buffer (now removed) and benefits are also being adjusted. +I was about to buy a house, had a viewing and really liked the property and location. I had the house RICS surveyed, cost £420. The surveyor pointed out that the house was riddled with damp, most of which was inexplicable and thus wildly expensive to fix, and had an extension that almost certainly wasn't signed off by building control. The house probably wouldn't have been mortgageable in its current state, and the cost of remedial works would have been £10k at the least. + +I don't think I'll ever get a better return on an investment in my lifetime; 2000%+ is unheard of outside of crypto. I hope this is a valuable lesson for everyone reading! +https://techcrunch.com/2020/04/11/chinas-next-plan-to-dominate-international-tech-standards/ + +>Founded and run by a Chinese entrepreneur, Zoom’s mainline app is developed by China-based subsidiaries. Zoom servers in China appear also to be manufacturing its AES-128 encryption keys, including, as a Citizen Labs report documents, some used for meetings among North American participants. Beijing’s privacy laws likely obligate China-manufactured keys to be shared with Chinese authorities. + +Whether this is true or not, in addition to Taiwan, Singapore and host of other companies like Google, Apple, Nasa, you'll be seeing many more companies and countries banning it when these allegation become more widespread +A few months ago my mate quit his job to spend more time with family. It appears as he's still getting paid. He initially thought it could be due to some money the company was owing him, but at the end of the next month he got another payment into his bank account. It all looks like he's still on the payroll. + +What's the best course of action in this situation? + +What could be the tax implication should the company reclaim the money? +Hi everyone, + +Following three threads posted here ([1](https://www.reddit.com/r/AusFinance/comments/nwidg9/vic_real_estate_agents_claiming_an_extra_months/), [2](https://www.reddit.com/r/AusFinance/comments/o1skfl/vic_real_estate_agents_claiming_an_extra_months/), and [3](https://www.reddit.com/r/AusFinance/comments/o9e5d3/vic_real_estate_agents_claiming_expenses_without/)), I just got this from my agent: + +>In other good news, the owner has conducted a reconciliation of the rental instalments received and noted that there was a credit that was applied incorrectly while I was on leave that means that you have actually now paid past your vacate date. + +>The owner will be transferring us $716 that we will then be refunding to you ASAP. + +All I have to say is lol. This doesn't resolve any bond disputes (at present they are only disputing two issues now), but with so much energy spent fighting them about this, they are now paying us some money. +hello everyone so recently the apartment building my mom lives in has been purchased by a new landlord, now this building has been sold multiple times through out the years with no prior problems with previous landlords drastically increasing rent. My mom has been living in this building for over 20 years and right now she's paying $1,050 a month in central Jersey. This new landlord lets call him "Bill" wants to increase the rent $250 more. For the past 3 years my mom hasn't had a lease contract even to this day. But now Bill wants her to sign the contract and now pay $1,300. To my understanding and I could be incorrect but isn't the rent per year only go up 3% to 5%? + +The conditions to the apartment haven't improved nor do they bother to improve quality of living, we are stuck on what to do, I don't know if we should fight this or bite the bullet and just pay the increase. We've been threaten to be locked out of the apartment if we don't pay the increase and sign the new lease contract. Are we in the wrong? or should we fight back. Thanks everyone for reading, any feed back would be helpful. +So, if you were a SHF on the ropes and you KNEW that MOASS was FAST approaching, and you KNEW that your ONLY chance of eeking out at the end with the clothes on your back was to discourage as many people as possible from FOMOing into the run, what would you do? + +Run up another stock loosely associated with the same parties as the one-true-stonk?✅ + +Advertise the run up as “the return of MEME mania? ✅ + +Have all media outlets initially characterize the run up as a “squeeze”? ✅ + +Let it go until it reaches about 4x price increase? ✅ + +Crash the SP in one day? ✅ + +Re-characterize the run as a “Pump and Dump”? ✅ + +Slander the parties associated with the “dry run” and one-true-stonk as “market manipulators”? ✅ + +Run a story claiming that the “only” person who won big on the P&D was a hedge fund intern that was gambling with $25million borrowed from his rich friends and family?✅ + +By doing all of the above, EXPECT THAT THE NEXT TIME ANY STOCK ASSOCIATED WITH RC RUNS, PEOPLE WILL THINK ITS A *MANIPULATED PUMP AND DUMP*, and therefore won’t FOMO in?✅ + + +We are in the endgame now. The shitbirds at the top of the corrupt financial pyramid are laying groundwork for a “soft” landing. DO NOT GIVE IT TO THEM. + +MOASS is near. +Power to the People. +POWER TO THE PLAYERS +So, if you were a SHF on the ropes and you KNEW that MOASS was FAST approaching, and you KNEW that your ONLY chance of eeking out at the end with the clothes on your back was to discourage as many people as possible from FOMOing into the run, what would you do? + +Run up another stock loosely associated with the same parties as the one-true-stonk?✅ + +Advertise the run up as “the return of MEME mania? ✅ + +Have all media outlets initially characterize the run up as a “squeeze”? ✅ + +Let it go until it reaches about 4x price increase? ✅ + +Crash the SP in one day? ✅ + +Re-characterize the run as a “Pump and Dump”? ✅ + +Slander the parties associated with the “dry run” and one-true-stonk as “market manipulators”? ✅ + +Run a story claiming that the “only” person who won big on the P&D was a hedge fund intern that was gambling with $25million borrowed from his rich friends and family?✅ + +By doing all of the above, EXPECT THAT THE NEXT TIME ANY STOCK ASSOCIATED WITH RC RUNS, PEOPLE WILL THINK ITS A *MANIPULATED PUMP AND DUMP*, and therefore won’t FOMO in?✅ + + +We are in the endgame now. The shitbirds at the top of the corrupt financial pyramid are laying groundwork for a “soft” landing. DO NOT GIVE IT TO THEM. + +MOASS is near. +Power to the People. +POWER TO THE PLAYERS +I have given back most of my profit that I made in 2020. Now I am at breakeven after 22 months in the market….i have learnt a lot for sure and feel like I can make living off trading in the market but giving back most of the profit discourages me a lot…so I dont know if I should shut down everything and forget about trading? + +Quite frustrated and lost now! +I've asked a similar question on [**r/financialindependence**](https://www.reddit.com/r/financialindependence/) but wanna hear your opinion as well. + +I've read "Millionaire Next Door". I agree and apply the principles in the book and I've already seen massive results from doing that. + +I'd like to broaden my perspective and read a book that has a very different point of view and that you've found incredibly valuable in your journey. + +What's that book for you? +Some tinfoil, some educated guessing based on being around since pre-January 2021 sneeze. The Friday flirt tweet from GameStop, I believe, was a reference to giving nasdaq their 10 days notice to either announce or distribute a dividend because June 2, the shareholder date, is exactly 10 business days from Friday, May 20. Shorts could start closing some positions after the dividend announcement but their goal is to never close. No cell, no sell. + +Happy Saturday. Buy, DRS, HODL, shop. Nothing has changed. GME moons soon! +edit: this post is for results only. thanks + + +Well, that took care of my 'too much free time' problem. In the first thread, 10 companies were selected, the list can be viewed in the old post, [here](https://www.reddit.com/r/investing/comments/3fk5u9/i_have_time_to_kill_what_stock_do_you_want_valued/). + +The results are structured such that the table below has the summary results and each of the company names links to a comment in this post which contains details on my biases, how I went about valuing the company, the assumptions I made, the sources of information and a link to the spreadsheet model. + +Because my own models are messy and built to my idiosyncrasies, I transcribed the numbers into valuation spreadsheets from Damodaran's website. Those sheets are a bundle of interconnected things so please be careful and read the comments in each cell before you start changing things. + +edit: there is now a blank template in the shared folder + + +Company | Market Price | My Fair Value | Over/Undervalued | Comfort Rating +---|---|----|---- | ---- +[Costco](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvak8h) | $145.26 | $105.81 | Overvalued | 4 / 5 +[iRobot](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvbtqe) | $29.96 | $33.00 | Undervalued | 3 / 5 +[Stratasys](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvbb4b) | $29.75 | $8.23 | Overvalued (?) | 2 / 5 +[TEPCO](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvat8s) | ~~Y~~885 | ~~Y~~1,705 | Undervalued | 3 / 5 +[Under Armour](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvf7su) | $97.93 | $61.86 | Overvalued | 2 / 5 +[Medallion Financial](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvc7oa) | $8.50 | $9.18 | Undervalued** | 3 / 5 +[Tucows](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvlcd4) | $23.91 | $26.66 | Undervalued | 4 / 5 +[T-Mobile](https://www.reddit.com/r/investing/comments/3g6emr/update_i_have_some_time_to_kill_what_stock_do_you/ctvo3m6) | $40.36 | $39.01 | About Fair Value | 4 / 5 +Shake Shack | $71.65 | got a dart board? | n/a | 5 / 5 +Nintendo | n/a | n/a | n/a + +I couldn't get around to Nintendo on account of drinking, the daily show and some bacon. But I did update my valuation of Valeant Pharmaceuticals the day after the latest earnings came out, so [you can take a look at that if you want.](http://valuingcompanies.blogspot.ca/) + +~~P.S. If anyone knows of a decent anonymous way to share files, please let me know so that I can let people download the spreadsheets.~~ Dropbx link to all the spreadsheets are in the comments and also [here](https://app.box.com/s/oorq4kcdsgv11tah68kmo3yf1ilq2swi) + +~~edit: taking a little breather before posting about Under Armour, Tucows and TMobile~~ + +edit 2: because I've always wanted to say it. I do not hold stock in any o the aforementioned companies and do not plan to initiate any positions within the next while +I’ve been off social media for 8 months now (not including Reddit) and it has done a drastic change to my mental health and my finances. It’s been eye opening to see how much money I wasted on so much crap I saw on FB or Instagram - clothes, tiny gadgets, supplements, treatments, novelty items… all because I was so easily persuaded by the hype ads, the FOMO feeling and the multitudes of hype reviews (which are probably mostly bots). + +I feel so much better now I don’t have to create a false reality of my life. No more spending hours doing my makeup to take the perfect selfie. I have an unhealthy amount of makeup items because I watched a lot of YouTube makeup gurus back then! I used to buy new outfit every time I travel or eat at fancy restaurants just because they’re photo worthy. + +It’s nice just having a simple life and being able to save money for important things. + +I took a [screenshot of my variable expenses](https://imgur.com/a/9GFYjjA) to show the huge change from a year ago to last month, and I’m spending £500 less now! I never really noticed how bad “lifestyle creep” was until the numbers were laid out in front of me like that, especially since my essential bills remained pretty stable throughout. Really worth checking your expenses regularly like this and monitoring your spending on a monthly basis just to make sure you aren’t falling unconsciously to that lifestyle creep. +Over the last few years my finances have been all over the place. Constantly getting to the end of the month in my overdraft, payments here there and everywhere. + +Klarna finance +PayPal credit +Credit card +Monzo Flex +Barclays Partner Finance + +The list goes on. I wasn’t in debt in the high thousands or anything like that, but enough to mean I can’t focus on any savings or growth for the future, or investing. And if I didn’t get control of it all soon I knew I’d end up just getting into more and more debt. + +I stopped buying things for myself, cancelled some monthly subscriptions I wasn’t really using and downgraded my phone plan and started making extra payments to try and get my debt down. + +Today I made my last payment on my Klarna and cleared my debt completely. I’m pretty happy with myself that I was able to stick to my commitment and get it done. I’ve never been great with money but this subreddit and the flowchart really helped. + +Now that I have no debt, I’m going to focus on building myself an emergency pot, probably aim for 3 months wages initially and try and grow it from there. + +Is there anything else in particular I should be focussing on? My long term goal is to have some investments that give compound growth. I’m 35 now and I feel bad that I haven’t been looking into financial security as much as I should have. + +Nothing really to add, I just wanted to type out my achievements for the dopamine! +Lyft is getting a nearly $105 million investment from a Saudi prince. +The cash infusion comes from Saudi Arabia's Prince Alwaleed bin Talal, via his Kingdom Holding Company. The investment will give the group a 2.3% stake in Lyft. +The cash, according to The Journal, is part of a larger fundraise totaling more than $247 million for 5.3% of the ridesharing company. +Lyft is Uber's closest ridesharing rival in the US, but the two services could not be further apart in their respective valuations. +So this is odd. There's a guy who looks a bit unkempt who hangs out near the local branch of a major national bank, who comes up to people during the early mornings and evenings when they're at the ATM with a sob story and a checkbook, and offers to write people a $500 check if only they can give him $400 in cash. (He's asked me twice in the last three weeks.) + +I went to see the bank manager yesterday, and he said he's been told about the guy, but since the scammer is not around during banking hours (9 am - 4 pm M-F), there's nothing he can do. After three-plus weeks I'm surprised the guy is still there, and I'm even more surprised he doesn't have a black eye from someone clocking him after noticing they've been scammed. There's just no way the money is real. + +So reddit, is there anything that can be done here? Would calling the police even help? I have no actual proof that he's a scammer or the checks aren't real. I just have to think he's seeing some success if he's stayed around this long. + +Edit: Thanks everyone for your responses! I’ll call the police non-emergency line. I 100% agree it’s really odd he’s continuing to target the same place. I’m not sure if the guy is there every day, but I pass the branch on my way to work and have seen him working there on at least some days. + +Edit 2: Not sure if it matters but the ATMs are outside on the wall along the sidewalk and, so far as I know, the guy doesn’t actually step on bank property. +I've searched and seen people hypothesizing about a relationship where only one person is on board with FI/RE, but who has actually been through this? Specifically, the transition where one person retires early while the other keeps working? I can see this causing the working one to be irritated. + +My GF, almost certainly to be spouse someday, comes from a family background with the mindset that a successful life is all about hard work. To them, you got to work hard forever (and complain about it)! Working a career half as much that pays 2x does not compute in their brains, but I’m sure we all agree this is a pretty typical mindset in America. And it's clear that my GF has no interest in retiring early, but she tells me she's OK with my plans to meet FI early. + +For the vast majority of my career, I have worked offshore with rotating time on/off. Coworker's and I are very aware that when we come home from working 84+ hour weeks that our partners’ are OK at first with us being at home all day. That might partially have to do with us being more ambitious when we first get home- e.g. my yard was a huge mess because that's "my duty" (which is fine) so I was out there constantly until it looked good again. + +As time goes on until the next hitch, our working partners become more and more irritated. If it's week four that I have been home and the dog has not been walked when my partner gets home I have to hear an irrational amount of complaining. This is alarming because she likes to walk the dog. I know her complaints are actually sourced by her irritation of work and especially my constant chilled-out presence. + +If one hits FI/RE, I'm thinking many spouses who share this mindset will balloon into disappointed, complaining, frown-wearing partners. But I'm hoping to hear the opposite- maybe only during the first few months until the new way of life settles in? + +Please don’t say get a new partner, we are two peas in a pod and I think a lot of our relationship’s strength stems from us being quite different people. I don’t want to date a me. + +First off, this is more of a rant, so apologies for that. + +My wife is a part-time schoolteacher and daycare provider. Seeing the bs she has to put up with during the pandemic has made my blood boil. + +The school she teaches at has recently requested all the teachers to be physically present at the school next week to begin preparations for teaching remotely - yes, the students will be remoting from home. Upon hearing the news, she asked for permission to not be physically present, because 1) she can fully carry out her teaching duties at home, as was demonstrated during April-June and 2) she would have to take public transit, which is terrible because the metro is shut down in our city and it's simply just a greater risk. What were the principal's response? 1) Get your husband to drive you to work (we have a shared car, and also, this is definitely not happening since they don't cover health insurance and are not paying extra for this), and 2) "if you're going to show up to school when the students eventually return, then what difference does it make if you show up now when they're at home" (that doesn't make any sense to me). My wife pressed for more legitimate reasons, and they couldn't come up with any other than that if they didn't apply the policy uniformly for all teachers, then some teachers would want to stay at home. Furthermore, she found out that the administration doesn't even have a covid-testing policy at all, despite how adamant they were about getting the teachers back. + +My wife thinks that the true reason the principal demands all the teachers to be present at school is that most of them are computer illiterate and can't function without sufficient hand-holding. The median age of teachers is probably 50+. A handful of teachers have already resigned over having to teach using Google Classroom a few months back. + +Then, with her daycare provider: It's a VC-backed daycare startup that likes to market themselves as different from other daycares because they place the utmost care on their providers, which in theory would benefit the children. Obviously, this couldn't be further from the truth, because we all know the only thing any VC-backed startup really cares about is growth. Management consistently pushes to keep the centers open despite the pandemic, trying to weasel out of paying for overtime when forcing the providers to get covid-tested during weekends, uses regulatory loopholes to get around the provider:children ratio, possess minimal experience with actually dealing with infants in management resulting in very bad policies, and a lot more other skeletons in the closet. + +I've heard a lot of stories about other essential workers, especially RNs and delivery people being forced to literally risk their lives during this period, and I really sympathize with them through my wife's experiences. If it weren't for our savings and FIRE philosophy, my wife would have to work for these fucking scumbags. Thankfully she's the one setting the terms right now - if the school is unwilling to accommodate, she will quit, and she only works at the daycare to help out a friend who can't get out of that situation. + +Aside: We've also discussed other potential career options for her, but at the moment can't come up with any good ones. From other folks who've been down this path before and made the switch, any ideas? + +EDIT: Wife's school is part of some Catholic church system. To give you an idea of what the church thinks about covid, read this: [SF Catholic Church being Blamed for Allowing 100-Person Wedding Where at least 10 were Infected with Covid-19](https://sfist.com/2020/07/28/sf-catholic-church-again-being-blamed-for-allowing-100-person-wedding-where-at-least-10/) +I’ve been in the crypto space since 2017, and this bear market is leading us to some exciting times! + +As the bear continues, and as a general rule, I am becoming more and more of a loopring maxi. + +Here is why. + +1. ZK rollups are the future of web 3, and reduce transaction fees massively. + +2. Minting an NFT on loopring network is a fraction of competing marketplace costs. + +3. The loopring market cap is tiny compared to other less ambitious products. So much room to grow. Once the bear market is over smart money will flock to a humblecap like Loopring. + +4. Daddy V (Vitalik) has namedropped us no less than 4 times on various podcasts, unprompted. This is a huge thing as he usually remains impartial. + +5. The GameStop connection is massive. GameStop has always been at the forefront of innovation and is the #1 name when it comes to purchasing new games or gaming tech. This cannot be understated and I am so bullish for the future of loopring now they are formally partnered! +[Power to the players!](https://nft.gamestop.com) + +6. Loopring stores your KYC and all user information permanently and securely on-cloud in accordance with PRC law, which is convenient as you never have to validate it periodically (looking at you, Binance!) + [Link to their privacy and security policy](https://static.loopring.io/documents/markdown/privacy_en.md) + +7. The permanent storage of your information is for any possible future disputes. This is huge, as a massive downside of ETH and BTC is sending to wrong addresses and burning your tokens. With loopring, this is the first DeFi system to offer this kind of user security, not unlike PayPal. + +8. Public sentiment and community. The loopring sub is amazing and welcoming. The discord is hugely useful. The public is also beginning to wake up to the huge utility of NFT - it is not just monkey pictures. + +9. The FUD here on reddit - you will see a lot of anti-loopring/ GME posts and comments. Resistance is bullish, as there must be a reason to try to suppress a good project. + +10. The response to the FUD - I frequently see comments unfairly criticising loopring be downvoted fairly quickly. This shows the community is aware of the great utility of loopring, and that we are moving on from unfounded criticism. We are so early! + +11. Future partnerships in the works - a fair amount of contributors in the GitHub are from large organisations such as Amazon and Alibaa. This cannot be overlooked. + +12. Looprings fee-cutting tech has helped out ETH ahead of the merge, as people have now gotten a taste for cheap transactions and minting on the ETH network. + +13. The loopring wallet is amazing and seamless. Imagine Fantom wallet but even better. This is the future. +[Here’s the link to give it a try!](https://loopring.org/#/) + +14. The open and honest nature of the dev team. Check out [their github](https://github.com/Loopring) - they are constantly updating and providing bug fixes as well as communicating with the public. + + +There are honestly so many more points, but I wanted to provide some during this bear market as it leaves more room for open and honest discussion. I am so incredibly bullish for the future of crypto, and the ETH-LRC wombo-combo is one that is very understated! + +Edit: point 9 being displayed in this thread by the paid FUDders! + +Edit 2: thanks for the suicide bot report, kind stranger! + If I could have told my self something, it would be this slightly modified quote from both Dave Ramsey and Will Smith. + +***"Don't spend money that you don't have, on things you don't need, to impress people you don't care about.”*** + +What do you wish you could have told your younger self and had followed through with? +Good Morning Apes! + +Sometimes, you stay up till 4 in the morning trying to piece together t+2 MM cycles and trying to determine where they are strongest. Sometimes, that means you wake up at 9:10 when you should have been up at 7am and 300 people message you to find out if you alive...lol. + +I am...just not caffeinated. + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/oroogu/jerkin_it_with_gherkinit_foward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Couple test of 185 failed to stay over in close but action picked up a bit at the end of the day tomorrow could be interesting if we get a crazy low volume test of 200. Thank you all for tuning in I'll try to be on time tomorrow. + +\- Gherkinit + +Edit 6 3:00 + +Testing 185 + +https://preview.redd.it/wuui343duld71.png?width=1613&format=png&auto=webp&s=58d3fbf80fb82b9ffb800ac8d113480948612806 + +Edit 5 1:21 + +Crossed VWAP with some volume coming in possibly another test of 185 + +https://preview.redd.it/rgcs5xdncld71.png?width=1582&format=png&auto=webp&s=3802deb715591c53a24fd7299e3b585fb8b6b5a1 + +Edit 4 12:39 + +Double bottom on the 180 resistance. Doesn't mean anything if there is no volume on the follow-up + +https://preview.redd.it/vpliig475ld71.png?width=1592&format=png&auto=webp&s=bc6e7385faef35a9f0bdbf9857cd559bb27eb546 + +Edit 3 12:00 + +40k volume traded since the last update trend looks weak but there really isn't any volume to push it either way still floating around 182.5 but above 180 is positive + +https://preview.redd.it/dnt02n7cykd71.png?width=1593&format=png&auto=webp&s=5b9a0c92d7d6d50b7006e8a1a8b75f0508b03835 + +Edit 2 10:58 + +Choppy but better volume, looks like we might continue the uptrend now as we cross VWAP + +https://preview.redd.it/0cb1dul5nkd71.png?width=1585&format=png&auto=webp&s=e66663127c0a1069630b92ac8e37b18decb686f2 + +Edit 1 9:56 + +And so we begin another low volume uptrend...where it will stop nobody knows. But probably around 185-190 + +https://preview.redd.it/gc2lg3n3ckd71.png?width=1592&format=png&auto=webp&s=5533e23e87ad8ec63ce62e94e1a9eb19296658b0 + +# Pre-Market Analysis? + +Slightly up on 15k volume, 35k shares to borrow looks like the start of our day should be pretty slow. Some nonrelevant price action at market open. Todays ideal move would be a break-away of 180 possibly to 185 or even a test at 190. + +https://preview.redd.it/v0lajcps6kd71.png?width=1597&format=png&auto=webp&s=eeaf3a44034f852541f69e1ada1b5441f98a12c6 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +So a few months ago my mortgage company updated their web site. We had automated payments through our bank. We got a letter saying we missed one so I looked it up, and sure enough, our payment had been "returned" with no explanation two weeks later. Our bank knows nothing, says they haven't seen these requests for payment. Called, no explanation was offered. Ultimately they said to try again. That time it worked. + +A month later, it happens again. This time, nothing works - another account, nothing. The payments keep getting "accepted", and then "returned" after 10 days. Hours on the phone resolve nothing. We mail a check. But at that point, because our payment has been "returned" multiple times, we're told they "no longer accept checks", and we can't keep trying online payments. Or credit cards. They suggest we mail a certified check, so we do. That was over a week ago and apparently nobody has seen it. They continue to send threatening letters, and we're well up over a month now. + +I submitted a complaint through the CFPB. It's just online, and it seems to come down to "maybe in a month or two we'll do something. Maybe." + +Reddit, this is the most insane shit I've ever seen. Seriously - I can make this payment twenty times over from my checking account but they just won't take the money. What the hell can I do? +But he did this over 20 years and started with a $30 cost basis. My guess is that it wasn’t until the last eight or 10 years of his career that he earned a six-figure salary, yet he will retire in 2 years with close to 4.5 million dollars invested. His advice to me was to invest everything into QQQ. His attitude is that it gives you action in the top marketcap stocks and investing in the top 100 is typically a very safe bet and will offer the best growth/risk balance. Thoughts? If I wanted to spread my money out between Tesla, Amazon, Microsoft, Ford, etc, aren’t I better off just investing in QQQ? +I am a 25 year old who graduated college in the summer of 2015 and I've been investing since about the summer of 2014. I was just updating my portfolio charts today and came across something interesting... + +Back in late 2014, maybe September/October the S&P 500 dropped from 2010 to 1880. I was brand new to investing and wasn't even fully aware of FIRE principles yet. I was buying some individual stocks at the time, and had about a 15% draw down in my portfolio in two weeks. + +I had $5000 total that I had saved from my summer internship, and I was a senior in college. I remember freaking out about that $750 loss. I was sitting in class having a hard time focusing because I kept checking my stocks on my phone. It was pretty sad. + +Today, a little over two years later, my portfolio crossed $120,000. On my long term charts you can't even see that $750 loss any more, it all blends in together at the bottom left. + +If you have a large saving rate, and a high investment utilization, you **will** build wealth. Do not get stressed about the ups and downs, it is wasted time and energy. In two years you most likely won't even be able to notice the little blip on the chart that you are freaking out about. + +I guess the title will quickly be outdated, so here is a table of "hours above" versus price + +|price|hours above| +|:-|:-| +|18900|31| +|19000|25| +|19100|18| +|19200|12| +|19300|8| +|19400|6| +|19500|2| +|19600|less than 1| + + +EDIT: Update with graphs and improved accuracy +https://www.reddit.com/r/Bitcoin/comments/jybaph/by_popular_demand_time_btc_spend_above_set_price/ + 📷Scroll back up to restore default view.📷 + +# Google misses on expectations as YouTube ad revenue comes up short + +Google parent Alphabet reported its Q3 earnings on Tuesday falling short of analysts' expectations on the top and bottom line, as YouTube advertising revenue came up short. + +These are the most important numbers from the report compared to what Wall Street was expecting of the company, as compiled by Bloomberg. + + The digital advertising market has been struck by a slowdown in spending in the past few quarters, as companies pull back their budgets amid rising inflation and interest rates. +The response this reddit has gotten shows there's a CLEAR NEED for reform to happen. I was listening to the latest podcast "unchained" http://unchainedpodcast.co/the-tax-rules-that-have-crypto-users-aghast , around the 56 minute and 27 seconds in, the lawyer being interviewed mentions he's surprised at this point in 2018 there hasn't been a lobbying effort on behalf of crypto community yet. Someone needs to submit a reddit post for that too. That would really be a game changer. + +Thanks to Jahendrix for revising into more legal wording. Can't thank this reddit user enough. I love the internet. + +Jahendrix version: + +This petition, which is digitally signed by lawful residents and citizens of the United States who currently invest in or may invest in digital currency ("cryptocurrency") is directed towards the United States Internal Revenue Service and the United States Treasury. The purpose of this petition is to express concern regarding the potential taxation of the cryptocurrency market as laws and regulations in this area develop. Considering the fast-paced and fluid nature of cryptocurrency price changes and trading, both investors and regulatory agencies such as the Internal Revenue Service have an interest in simplifying the taxation of cryptocurrency. Therefore, we would like to propose that only the exchange from cryptocurrency to cash or cash receivables be considered a realization event for federal tax purposes, not taxed in-between cryptocurrency trades, and a tax exemption for transactions under $600, as proposed in, "Cryptocurrency Tax Fairness Act Of 2017", introduced by Rep. Jared Polis(D-Co), and Rep. David Schweikert (R-Az). These proposals will allow the Internal Revenue Service to more easily regulate the trading and taxation of cryptocurrency, and would allow taxpayers to simplify the means by which they report gains and losses from investing and trading activities. An additional concern for most taxpayers in this area is ensuring that any statutory or regulatory law implemented be made clear, simple and streamlined to minimize the likelihood of taxpayer mistakes in reporting and remitting cryptocurrency-related tax. The following signatures represent lawful residents and citizens who have expressed their consent to this proposal and their desire for the implementation of laws and regulations in accordance with the principles espoused herein. + + +ALSO: Californians, be aware that Diane Feinstein wants to badly tax your crypto and considers you a criminal if you don't disclose your holdings. Vote her out of office for Christ sake. + +https://cointelegraph.com/news/us-senate-moves-to-criminalize-non-disclosure-of-cryptocurrency-ownership +I see lots of people here playing $SPY calls or puts, but I can't find any public info, SEC filling of them or anything else. I don't even know what economic sector they're in, tho probably they're some massive Silicon Valley unicorn with the amount of buzz they get. + +Their CEO is so mysterious he's not even showing up in my search results. No Twitter account, either. Weird. + +Do you have any links I can read to inform myself better of their company? +Hello everyone 🙌 I'm moving with my family to UK with a working class visa and earning 150k annually between both. We would like have 2 more children, foster care and eventually adopt (we love being parents and would like to help as many children we can) but this is a decission that needs to choose one place to stay at least 3 decades and we are not going back to our country, so besides settling physically in one place I would like to know if financially is a good decision to choose UK for these goals, so I don’t waste more years doing the residence path and just move out again in the next 3 years. + +Thanks in advance. (Sorry for any wrong expression or misspelling I’m not a native english speaker) +Today at BPASE Karl was giving a presentation on Casper (which was awesome BTW). He casually gave us how much Ether will be needed to be staked to become a validator, though not directly... + +He said something along the lines of "If every bit of Ether was staked that would be about 66,000 validators" ~97,000,000 / 66,000 = ~1500 Eth to be a validator. + +https://twitter.com/keep_project/status/956264134789685248 +I see everyone talk about “their” spreadsheets for tracking X, Y, and Z. I’ve made spreadsheets to track things in the past but as of right now I’m not tracking, projecting, or estimating anything. Everything currently is quick back of napkin calculations. I know I can’t be the only one. I was hoping maybe some of you fine people would be willing to make a copy of your spreadsheet(s), scrub them clean (optional) and share them with the group. I saw /u/wannabe_fi shared their Google Sheet last week. + +I just hate to re-invent the wheel and most likely leave things off my FIRE spreadsheet(s) that I would otherwise not think of with-out you guys! + +Note: You can import your spreadsheet if Excel into Google Sheets for easy sharing, or upload it to your favorite file sharing site. + +THANK YOU + +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! +Im just starting out and thinking about investing in some ETFs. Its not a lot but I have $100 every week to get rid of, will probably work out more eventually. Is this amount worth investing or do something else with it? At the moment its just building up doing nothing in the bank + +Im starting quite late, im 35yrs old but I have finally pulled myself out of all my debt and want to start preparing for the future + +If I go this way any recommendations on companies to use for buying/selling? +This is literally WTF! Imagine risking your 42 ETH for a newly created token that is not even known much. + +A guy lost over $135k while trying to purchase a token named "fees.Wtf" + +The user accidentally swapped 42ETH for 0.00004 WTF. ,the actual value of the token was just $0.000005 + +This happened due to low liquidity in the trading pool . + +>Fees.WTF is a tool that allows users to track the fees they spend on ETH.It airdropped it's WTF tokens on Thursday. + +>Use cases include staking WTF or it's liquidity pool tokens with annualized returns of up to 7,000% + +As soon as the token got listed on ETH based exchange Uniswap,speculators hoping that an eventual price rise would net them handsome returns.In this race, the guy lost 42 ETH. + +>The developers seeded the initial pool on Uniswap with over 2,211 WTF and 0.000001 ETH causing a huge imbalance in the trading pool. This allowed users to sell low amounts of WTF for relatively high amounts of ETH, while buyers of WTF ended up purchasing the tokens at a much higher value + + + + + + + +Source : https://www.coindesk.com/markets/2022/01/14/someone-accidentally-lost-135k-trying-to-trade-feeswtf-tokens/ +A. "It's pretty much free money, isn't it? You'll probably never actually have to pay it off. Take it, even if you don't really need it for basic subsistence." + +B. "Why would you ever put yourself into more debt that you need to? If you're lucky enough to be able to get by without incurring additional debt on top of your tuition fees, then you absolutely should avoid it." + +I am firmly in camp B but am having trouble arguing my case. How could the answer be anything but "B"? +Hi All, + +Not sure if this is the best spot but since people here are investors … + +Looking for some opinions. I remodeled my first condo unit a few years ago. I had my electrician buddy put outlets above the non-working fireplace for a mounted tv. + +My tenant of 2.5 years (first tenant) is about to move out. I believe they have a mounted tv. + +What’s my best option for people to mount tvs? Should I just put up a nice tv and say use it or not but don’t touch it? + +Do I have this tenant leave the holes? + +I know leaving the mount doesn’t make much sense as the screws etc will likely be different. + +But I’d also assume over time all these screws in the stud will eventually weaken the stud and cause problems? +Every month I get a call about an appliance not working properly: + +* Dryer doesn't heat up +* Dishwasher doesn't drain well +* Refrigerator doesn't close well +* Garage door remotes work 50/50 +* Outlet doesn't work +* Garbage disposal not working +* Bath tub drains slowly + +Some of these problems I want to be like "Hey go buy two bottles of draino for $10 ...." or "Hey did you try cleaning the gasket!?!" Otherwise I gotta pay a handyman $100/hour to pour $10 of draino down the sink or wipe the edge of the refrigerator. + +I'm also conflicted because for bigger appliances it costs $200 to get someone out there to give me a repair quote without even addressing the problem. And a new appliance is like $300-$600. I'd rather just get the new appliance and not have to deal with it. But I'm worried issues may be symptomatic of a larger problem and my buying a new appliance may be ignoring a greater underlying problem. +Brother and I own a few investment houses. He handles a lot of the repairs and I handle money/deals/etc. I contribute a lot of my own money to the family funds and don’t get paid for my time/efforts. He doesn’t contribute money and wants paid for his time but also wants share of cash flow after houses are done. I think he is being short sighted and “double dipping”. Am I out of line? +I have an offer in on a property that has a squatter. This is NJ and he has been there less than 2 years. He seems open to a cash for keys deal and the house is a total gut. The seller won’t vacate prior to close. I like the deal but considering his ��tenancy” I’m assuming I’m going to have to purchase 100% cash. I don’t know where hard money guys stand on this scenario but I’ll be talking to some ppl I’ve worked with. Is it possible to get any sort of insurance coverage in the event this guy goes rogue and lights a match? Vacating a squatter is one thing but having that much cash exposed in the interim is another. Anyone have any experience with this? +Hey all - I'm trying to figure out my next move, and it's likely into real estate investing- potentially a big one. I'd love your advice: + +I own the property I live in (with ≈20% in) at $700k valuation. I have ≈$225k in non retirement investments, with about $70k more post-tax expected by end of year. I have ≈$130k in retirement investments, which is less than I'd like, but I'm already maxing out every year - just started late. Looking like I'll be just south of $300k invested at the end of this year. + +I think I'd like to get a big chunk of that money into real estate. At first I was thinking that I'd do a low-price single family in the ≈400k range, but after mulling it over I'm debating just jumping in big with a multi in the ≈800k range. My reasoning for \*either\* is a slightly more dependable form of wealth generation, and I could see how this could become a component of some recurring revenue long term into middle/old age as I pick up a few more properties. If I jump in at a bigger commitment, I'm leveraging more, deducting more, and building compound gains faster - if I'm going to lock up the money for a decade at least, why not do it in a way that's much better for me those years down the road? Also, starting with a multi would add some amount of early risk mitigation such that getting a second, third, fourth property will benefit from that initial paydown on risk relative to a single family (in terms of having multiple renters). One other probably obvious option is get into a duplex and live in half of it - I \*really\* value my independence... it'd have to be a great sell if someone said do that instead. + +Anyways - what would you brainlords do in my situation? I want to do it in Portland - a mistake? I know the city very well. Should I just keep it in the market? Go with SFH? Or a multi? Or something else crazy? Would love to hear what everyone says, I \*really\* appreciate any and all guidance I can get - I don't have much in the way of advice coming in from impartial folks. +Here is the response that I wrote before the thread was deleted. The quotes here are direct quotes from the original post: + +EDIT: I also just want to throw this link in here. This guy explains it much better than I ever could - http://briefdefense.weebly.com/ + +EDIT 2: Wow, I did not really expect this to blow up like it has. To all the people who have sent me PMs, I promise I will get to you, it just might take a bit. I'm flying to New York today so I'm sorry for the delay. To everyone else, thanks for the discussion, I think it benefits us all. + +*** + +Hello (Username removed), it seems that we've got some misunderstanding here. Let me try to clear some things up: + +> You believe that you cannot time the market. You will always lose. + +In my opinion a person who is not devoting full-time hours to investing or trading will not be successful on a risk adjusted basis. Absolutely in no way at all whatsoever do I believe that *no one* can beat the market, because that would be silly. Rentech, Berkshire, Soros, Dalio, etc etc have all proven the market is beatable, but those guys are some of the smartest people I've ever heard of, and they've devoted their *lives* to beating the market. Soros once described that he knew something was wrong in his portfolio when his body would start physically hurting, and that's the kind of dedication that I think it takes to beat the market. + +> You believe that you should only buy low-cost, index funds. You will always win. + +Because I believe that a person who is not devoting full time hours cannot beat the market, then the best option for them is to participate in the growth of the market. The best way for them to do this is to buy a broad index with low fees. I don't know anyone that would disagree. + +> You believe that if you trade at all, you are a gambler and an idiot and you are doomed to fail. + +If you have a full time job not related to investing, and you want to make some extra money by actively investing, and you're willing to spend something like 15 hours a week doing so I believe it does not make financial sense to do so. Check out [this thread](http://www.reddit.com/r/investing/comments/1xpl9m/how_time_consuming_is_working_the_stock_market/), I actually made a spreadsheet that details the hourly wage you'd get by actively investing 10% of your portfolio and achieving an extra 3% returns over 25 years. At the end of the day, you'd have made $6.91 an hour, and you'd have had to spend 19,500 hours even for that meager privilege. You literally could have made more money working at McDonalds. + +If a person thinks they can just gut-buy a bunch of stocks without deep and detailed research because they are "Buying what they know", that is gambling, yes. If a person thinks that they can spend 15 hours a week reading some WSJ articles and looking at the balance sheet to find undervalued companies, they are misguided. If a person thinks that investing is some magical thing that allows them to make tons of money without huge amounts of work, they are wrong. + +To be clear, if someone just wants to learn about investing, or if they are doing it for fun with a little spare money they had on the side, then that's great, nothing wrong there. They need to be realistic with themselves though, what they are doing isn't really investing, it's making mistakes with stocks so they can learn the ropes. + +> Now reading your many comments, it is very apparent that you support these three statements. + +I do not support these statements in the way that you've put them, so I hope this clears that up. + +*** + +Now, you've asked specifically about me and what I do, so let me try to address that. + +> What are you buying + +There are many situations that take a huge amount of effort and expertise to understand, and therefore get overlooked by the market. The two PMs at my firm both have quite a bit of experience in finance, and one of them has experience in insurance. We have made money on some insurance companies that are in run off because the market wanted nothing to do with them (because they are no longer writing new business, and therefore there's no growth, and we all know how bad the market wants growth), which were therefore undervalued relative to their fundamentals. It took quite a bit of work, and some specialized knowledge relative to the insurance business, but they made out pretty well. + +> What risks are you taking + +Have you read up on asymmetric bets at all? I don't want to get too detailed here for obvious reasons but we've done a lot of work on a company that is involved in some enormous legal battles, and we believe that the odds are great. Let's say there's a 50% chance it goes to zero, and a 50% chance it doesn't. If it doesn't, we believe that it is worth a multiple of its current price, and therefore that's a great risk to take. + +Now here's what separates us from the guy reading articles. My PM worked with multiple lawyer contacts that he knows, two of them specifically involved in law related to the company, and one specifically involved in law directly involving the company. The other PM flew to NY and went to a conference that hosted a number of nationally renowned figures in law who spent the day discussing the legal situation. I actually called the DC clerks office and put together a legal timeline so that we could accurately discount our investment based on the number of years we expected it to take to work out. We did *original research*, stuff that the retail guy at home would never do. When we claim that we understand the company better than the market does, we actually have some credibility in that claim, unlike Joe Schmoe who read about it in the WSJ but never even opened the 10K. + +Of course there is always risk when making an investment. We take risks that we believe make sense from a money-risked / money-to-be-gained perspective relative to what we could have invested in through an index fund. + +> where do you think the market is going in the next year + +That's not what we do. We find companies that are undervalued, period. We are willing to hold those investments through a downturn because we know that we've done the homework, and as Graham said "in the long term the market is a weighing machine." + +*** + +I'm sure that I've left some things out, or been unclear in places. Feel free to ask questions. + +Also I certainly wouldn't mind if this post got some upvotes, if one person is thinking it I'm sure many others are as well. EDIT: <<< The upvote statement here was related to the original post that was getting downvoted, not the post that I made. +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 $100 million more than the projection. + +— That sweet divvy skyrockets from 6.5% to 7.4%. + +Lol. +Well, if you know the username you already know that I was the one in the middle of that shitsorm. + +I am contacted pretty often from redditors asking how I am now, so I wanted to make an official update of my situation. + +So first of all, I'm good now, loan free, debts free overall and I even managed to make a new portfolio bigger than what I previsouly had. + +Long story short for the one who don't know about it, I was working in the UAE for almost 10 years, and in 2017, I took a big loan of 100 000$ to buy some shitcoin that dumped 98% on average such as Neo, Deepnion, Cloakcoin and so on... + +This was not the real issue as I was able to pay my instalments with my salary every months until the Covid-19 tragedy started and 70% of the staff got fired including me. + +From this moment, things went south quickly, with banks knowning about the situation and blocking people with loan from leaving the country with possible jail sentence if not paid on time. + +Anyway, I got quite lucky as some wealthy friends bailed me out with the 27000$ that was the remaining balance I had to pay, allowing me to leave the country and start fresh in Canada, plus an extra 20K$ in ETH (almost 100ETH in June 2020) from a very good friend few weeks later that I actually introduced to crypto and who did much better than me in terms of decision making at the time. + +To make things clear here, I paid everyone back what I owned them, even if some refused at first saying they didn't need that money and were more than happy that I recovered. + +So yes I am still involved into crypto with so much more experience than 4 years ago, and took good decisions when the price was around its top. + +I managed to paid my dad's mortgage with some of my profits and I even bought him his dream car that he could never have afforded. + +The morality of that story once again is to only invest the money you can afford to lose and NEVER take a freaking loan to invest in crypto! + +I was lucky to have an amazing and wealthy entourage and that will most probably won't be your case. + +Take care all. +No, for the 1000th time India is not banning crypto. Crackpot posters will post highly reactionary posts that will always make you think of the extreme possible scenarios. And this is not the first this is happening, earlier this year a guy made post saying that he sold all his holding because India is banning and criminalising. He though he was going to jail. It’s been 6+ months and no such thing has happened. + +Step back and take a look at prominent Indian crypto figures on twitter like @NischalShetty (Founder of WazirX). + +Right now the latest news is that the crypto bill has been tabled for Winter session after a committee consisting of crypto leaders and bill makers and Financial minister talked extensively about how to proceed. Nischal was a part of this committee and has tweeted several updates regarding it. + +So ffs stop getting swayed by reactionary posts and look at the facts. INDIA IS NOT BANNING CRYPTO. +Im new to this software...Just wondering what's a good dollar per candle profit I should be aiming for. Also how much profit over buy and hold would you want percentage wise for your own strategy. + +I found a strategy for AMD that beats buy and hold. It makes 19/candle and 39000 profit vs 25000 for buy and hold. Its backtested for the last 10 years. 5000 per trade. + +Also any good indicators to look in to if I wanted to trade qqq. + +Also can you add candles in combination with other indicatorz to your sell rules? For example, to sell if there's a bearish engulfing candle? + +What are the best features of Wealth Lab Pro in your opinion? Thanks. +I've dabbled in code before but never Python. I'm serious about quitting my job and getting into day trading, and I think algorithmic trading is really the only way to do that. I want to be able to backtest algorithms and to do that I need to collect data. + +[https://www.codecademy.com/learn/paths/finance-python](https://www.codecademy.com/learn/paths/finance-python) + +I came across this and I want to use it to collect historical stock data. Does anybody have experience with it or think that it's worth it? Thanks! + +Edit: Let me clarify, I want to learn to day trade (preferably with algos), be consistent at it, and THEN quit my job. I’m no dummy lol. +Well, as I predicted, they kept the price over $50 so that the stack of 10,000 (yes, ten thousand options) Put contracts didn't get executed. That tells me that they aren't just tanking the price, and that they are playing the options spread at the moment. + +It also tells me that they are scared shitless of shares needing to be delivered and taken off of the open market. They'd rather keep the price boosted over $50 to stop delivery than to risk an extra 1,000,000 shares getting into long hands. + +But, thankfully, that also let's us know that they're still playing the game. If they were giving up and going into all-or-nothing mode, they wouldn't give a shit about the deliveries. They'd either flood the market with 25,000,000 FTDs while tanking the price to cover at $20 while hoping they have enough left over for the fines... Or they'd cash out what they have left now and file for bankruptcy while leaving the clearing houses to pay the bad debt. + +No, they're still planning on finding the cheapest way out of this without any (or minimal) legal trouble. That means we're still getting paid. (Eventually...) + +I've been watching this for a while now, and I think I've gotten a hand on what they are doing. This coming week will be the tell-all... And I'm going to explain why I believe the price can only go up... + +So. Let's crunch the 2/19 option chain and see where this train is headed... - This Week, oooon Gaaaaaame Theeeeory!... *queue intro music*... + +Current price $52: + +Put ITM: 59,434 + +Put OTM: 346,288 + +Call ITM: 29,930 + +Call OTM: 87,111 + +At Current Price, a total of 89,364 option contracts are ITM. + +Now, let's look at possible price movement. See, they are keeping $GME at the line of demarcation between the single-dollar price change contracts ($41-$42-$43-et al.)... And the five-dollar price change per contract ($50-$55-$60-et al.) + +That means that for every dollar that the stock drops, it executes a new Put option contract... But it would need to climb five dollars to execute a new call option. That's why I told you in the last thread that they are playing between the $50-$54.99 range all week. + +See, because of the contract price structuring, it actually costs them MORE to knock the price down any lower. Allow me to explain: + +Lets look at both the Call and Put sides of the option chain... And for the nearest $10 swing in prices... + +There are 29,337 Put Options for $40-$50 strike. + +There are 2,459 Put Options for $51-$59 strike. + +There are 13,187 Call Options for $40-$50 strike. + +There are 3,066 Call Options for $51-$59 strike. + +Now, lemme explain why I believe this matters in predicting where the price is going to drift this week. + +If the price were to drop by $10, the net difference would be an ADDITIONAL 16,150 options that would be executed because of the contract price structuring. 10 Put Options would become in the money. + +Conversely, if the price went UP by $9, the net difference would be 507 extra contracts that would be able to be executed. Because of the price structuring, only two new Call Option strikes would be able to be executed between $55-$59. + +If we were to just look at the next five Put Option contracts below the current strike price, it equals up to 22,175. That means if the price were to DROP $5, they would need to find delivery for an EXTRA 2,217,500 shares. + +If the price were to go UP by $5, they would only need to find 85,600 extra shares to cover the extra contracts that would be ITM at $55. + +Let me say that again. If the price goes DOWN... It takes MORE shares off the market because of the Put Options going in dollar increments, while the Call Options go up in $5 increments. + +It is also interesting to note that ending the week at $59 would cause less deliveries than ending at $55. + +My hypothesis: They can't hold the price at $50 this upcoming week simply due to the lack of shares available and the buyer demand staying so consistent. We only had 12mil-13mil volume the last two days. The shares are drying up. + +So if they can't hold the price steady, they need to decide which direction to move it. And based on the math, moving the price UP would save the shorts money by causing the lesser of two evils in extra deliveries. + +But one thing is for sure. They can't let the price tank any lower this upcoming week. It would trigger too many new deliveries. + +(There's actually some serious game theory that says the best move to trigger the squeeze would be for us to ALLOW the price to drop to exactly $39.99 at close of next week... as odd as that seems) + +So what's my non-financially-advising-crystal-ball predict that this weeks close will be on 2/19?... + +$58.47... + +They are going to allow some big single-day swings Tuesday and Wednesday to send the stock price from $52 up to tickle the $60 mark so that they can go balls-deep selling $60C Premium... And then they will hold the price just below the line. + +The next target after that would be $69 (giggity), as there is a large off-set of Calls vs Puts at $70 that would cause the delivery equilibrium to start going net positive again. I just don't think they're going to let us get $19 in a single week, as that would cause retail investor interest to start going up again. + +Tl;dr: We end next week at $58-$59 and the slow bleeding continues until the week of Feb 26. + +I'll be back when I finish another model I'm working on... +Hi finance, I'm new here so I apologize if this has been dealt with before. + +Is there a standard or typical method for venture capitalists to value a start up for investment? Is the the usual DCF or comparables approach or are there different approaches? + +Cheers! +&#x200B; + +[ EXPERIMENT - Tracking Top 10 Cryptos Of 2020 - Month Sixteen– UP 952&#37;](https://preview.redd.it/vtvf09j7hoz61.png?width=666&format=png&auto=webp&s=b1a34b6f5075d446b821ab58e853f0bdf16cb6a1) + +***The full blog post with all the tables is*** [***here***](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-16/)***.*** + +Welcome all (especially newbs) to the monthly recap for the 3rd of 4 homemade Top Ten Crypto Index Funds. The 2020 Portfolio is made up of: **Bitcoin, Ethereum, XRP, Tether, Bitcoin Cash, Litecoin, EOS, Binance Coin, BitcoinSV,** and **Tezos.** + +**HERE BE MOONS!:** *50* *Moons to the first person to name the artist and title of the hidden song in this post AND say something nice about another commenter (it's been a hard week for some, let's be extra nice to each other). That's worth $5 (50\*.10) at the moment, just enough to treat yourself to a* [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/) special membership! *To give more people a chance you can't win if you've already won this month!* + +**tl;dr:** + +* **What's this all about?** I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly. Did the same in 2019, 2020, and 2021. ***Learn more about the history, rules, and FAQs of the Experiments*** [***here***](https://toptencryptoindexfund.com/about/)***.*** +* **Top Performer of March** \- **XRP** by a landslide up +172%. +* **Overall since Jan. 2020** \- **BNB** is absolutely crushing it and is the best performing of any crypto in any of the four Top Tens (up **+4,286%** in 16 months). The 2020 Top Ten Portfolio has the highest ROI of the four Experiments. Every crypto has at least triple digit gains. Last place (besides USDT) **EOS’s** gains are *over five times the return of the S&P over the same period of time.* +* **2018+2019+2020+2021 Combined Top Ten Portfolios are returning 513%.** + +## Month Sixteen – UP 952% + +[ 2020 Top Ten Summary ](https://preview.redd.it/hazp9s1vjoz61.png?width=993&format=png&auto=webp&s=0bcf5a73029e6bab6fc01c27eaa581038b20902b) + +Welcome to the best performing of the four [Top Ten Crypto Index Fund Experiments](https://toptencryptoindexfund.com/), by far. + +The 2020 Top Ten Portfolio is a machine.  It picked up an additional 353% since the end of [March](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-15), 100% of this group is in the green, all have at least *triple digit price growth* with two cryptos in *four digit growth territory*.  + +The **+952%** return of the Top Ten Index approach has *outperformed eight of the individual component cryptos contained within the Index.* It has also absolutely dwarfed the returns of the S&P 500 over the same period of time (more on that below). + +## April Movement Report, Ranking, and Dropouts + +A lot of movement this month with 2020 Top Ten cryptos: + +Ups: + +* **XRP** – up three places (#7→#4) +* **Bitcoin Cash** – up four places (#14→#10) and back in the Top Ten +* **BSV** – up one place (#29→#28) + +Downs: + +* **EOS** – down two places (#24→#26) +* **Litecoin** – down two places (#9→11)   +* **Tether** – down one place (#4→#5) +* **XTZ**  – a big fall, down seven places (#31→#38) + +[ 2020 Top Ten Rank - has a 40&#37; drop out rate ](https://preview.redd.it/fvc8vmlyjoz61.png?width=330&format=png&auto=webp&s=0e5e0f50096c6fed69db47c2c2a59bc114afa5dc) + +**Top Ten dropouts since January 2020:**  after sixteen months, 40% of the cryptos that[ started in the Top Ten](https://toptencryptoindexfund.com/tracking-2020-top-ten-month-one/) have dropped out:  **EOS**, **BSV, Tezos,** and most recently **Litecoin** have been replaced by **Cardano,** **Polkadot, UNI,** and **Doge.**  Yes, **Doge.** + +**EOS** and **BSV** are out of the Top *Twenty* and **XTZ**’s is out of the Top *Thirty.* + +## April Winners and Losers + +***April Winners*** –  **XRP** (+172%) easily had the best month, followed distantly by **BNB**, up +78% + +***April Losers*** –  For the first time in the 2020 Top Ten Crypto Index Fund Experiment, **Bitcoin** had the weakest monthly performance, down -5% in April.   + +## Tally of Monthly Winners and Losers + +After sixteen months, here’s a snapshot of the 2020 Top Ten Experiment’s monthly winners and losers: + +[ 2020 Top Ten Ws and Ls ](https://preview.redd.it/bt828bp1koz61.png?width=334&format=png&auto=webp&s=f27b845e5326ed40a61940f8c862cffb5d3b2dcd) + +With four monthly victories, **ETH** has doubled the wins of the tied for second place **BTC, USDT,** **BNB, XRP,** and **Tezos.**   **Bitcoin’s** loss in April was its first of the 2020 Top Ten Crypto Experiment. + +## Overall Update – BNB up over 4,000%, 100% of cryptos in triple digit positive territory, worst performer (EOS) still up +157%. + +The 2020 Top Ten continue to outperform the other [Top Ten Crypto Experiments](https://toptencryptoindexfund.com/) and this month pulled further ahead of the second place [2019 Top Ten Portfolio](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-28).    All cryptos (except **USDT** of course) are up at least triple digits and **Ethereum** and **Binance Coin** are up quadruple digits. + +**BNB**’s gains since January 2020 have been off the chart. The initial $100 investment into **Binance Coin** is currently worth **$4,387**, a gain of +4,286%.    + +In second is **Ethereum,** also in the quadruple digit gains club, up +2171%. + +Besides **USDT**, the worst performer in the 2020 group is **EOS.**  But **EOS’** \+157% gains are over *five times the return of the stock market* over the same period of time (see below). + +## Total Market Cap for the Entire Cryptocurrency Sector: + +[ Total Crypto Market Cap since Jan 2020 ](https://preview.redd.it/dod3jr6bloz61.png?width=706&format=png&auto=webp&s=4acd79fb59e3ad1f4f0bded1ed834ef7f0cf86df) + +Over $286 billion dollars was added to the market in April. The crypto market is up **+1066%** over the sixteen month lifespan of the 2020 Top Ten Experiment.  For the seventh month in a row, the month-end market cap has set new highs for the 2020 Top Ten Experiment.    + +If you were able to capture the entire crypto market since [January 2020](https://toptencryptoindexfund.com/tracking-2020-top-ten-month-one/) (+1066%), you’d be doing better than the Experiment’s Top Ten approach (+952%) and much, much, much better than the S&P (+29%) over the same time period.  The index fund strategy has outperformed eight of the ten individual cryptos held within the index.    + +## Bitcoin Dominance: + +https://preview.redd.it/hjxsjdjiloz61.png?width=616&format=png&auto=webp&s=a558732b66beec9ad65ede265e187efa3ca01005 + +A big drop for **BitDom** in April: this month’s 48.2% is the lowest level so far in the life of the 2020 Experiment, by far.  You’d have to go back to [last September](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-9/) to find the next lowest **BTC** dominance level. + +## Overall return on $1,000 investment since January 1st, 2020: + +https://preview.redd.it/6vvzzsrjloz61.png?width=352&format=png&auto=webp&s=980410e1f169502f2bde585ce6c5c36a4565b686 + +A massive jump in value for the 2020 Top Ten Crypto Portfolio in April.  The initial $1000 investment into the 2020 Top Ten Cryptos is now worth **$10,5236**, up +952% compared to +589% just [last month](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-15). After some time behind the [2019 Top Ten Portfolio](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-27), the 2020 Portfolio is now far and away the best performing of [the four Experiments](https://toptencryptoindexfund.com/).  + +Below is a month by month ROI of the 2020 Top Ten Experiment, to give you a sense of perspective and provide an overview as we go along: + +[ Monthly ROI of the 2020 Top Ten Portfolio ](https://preview.redd.it/l1kai45oloz61.png?width=469&format=png&auto=webp&s=81c04226916a79668710d422fa359502391035b5) + +At +952%, it is another record ROI month for the 2020 Top Ten.  Although the portfolio has never experienced a red month, it has definitely seen ups and downs:  a little over a year ago in [March 2020](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-3/), this same portfolio saw a COVID induced low of +7%. + +**Combining the 2018, 2019, 2020, and 2021 Top Ten Crypto Portfolios** + +So, where do we stand if we combine four years of the Top Ten Crypto Index Fund Experiments? + +* [2018 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-40): up +56% (total value $1,556) +* [2019 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-28): up +653% (total value $7,527) +* [2020 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-16): up +952% (total value $10,522) +* [2021 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-4): up +393% (total value $4,927) + +Taking the four portfolios together, here’s the bottom bottom bottom *bottom* line:  + +**After a $4,000 investment in the 2018, 2019, 2020, and 2021 Top Ten Cryptocurrencies,** the combined portfolios are worth **$24,532** ($1,556 + $7,527 + $10,522 + $4,927). + +**That’s up +513%** on the combined portfolios, another record high for the Top Ten Index Fund Experiment project, up from +333% last month. + +Lost in the numbers? Here’s a table to help visualize the progress of the combined portfolios: + +[ Combined ROI of all four Top Ten Experiments ](https://preview.redd.it/ytdcacnsloz61.png?width=571&format=png&auto=webp&s=576b9c78fed19e4f0dd652b059fd8ed14075d415) + +***That’s a +513% gain by buying $1k of the cryptos that*** [***happen***](https://www.youtube.com/watch?v=pFptt7Cargc)***ed to be in the Top Ten on January 1st, 2018, 2019, 2020, and 2021.*** + +## Top Ten Index Approach vs. All-In Approach + +But what if I’d gone all in on only one Top Ten crypto for the past four years? While many have come and gone over the life of the experiment, five cryptos have started in Top Ten for all four years: **BTC, ETH, XRP, BCH,** and **LTC.** Let’s take a look: + +[ If playing by the Experiment rules, all in on ETH would have been your best bet, by far.](https://preview.redd.it/56413mqvloz61.png?width=984&format=png&auto=webp&s=c71724fa7ed7930346cf89f2c8debc3ad4075db4) + +**ETH** is well in the lead and the still best “if-I-had-a-time-machine” choice.  As of today, $4,000 into Ethereum in $1k chunks on four consecutive New Year’s Days would be worth **$52,705**. That’s up **+1218%**. That’s nuts. + +In second place, going all in on **Bitcoin** with $4,000 USD would have yielded **+638%**, turning the initial investment into **$29,530**.   + +Third place? The Top Ten Index Fund approach! + +As you might expect (as indexes are designed to mitigate risk), the **+513%** gains of the Top Ten Index Fund approach fall somewhere in between.  The Top Ten strategy isn’t keeping up with **ETH** or **BTC** but it is outperforming a hypothetical all-in investment in both **XRP, LTC,** and **BCH** by a healthy margin. + +**Bitcoin Cash** would have been the worst four year all-in bet, but you’d still be +249%.   + +So that’s the Top Ten Crypto Index Fund Experiments snapshot. Let’s take a look at how traditional markets are doing. + +## Comparison to S&P 500 + +I’m also tracking the S&P 500 as part of my experiment to have a comparison point to traditional markets. March saw yet another all time high for the S&P.  The S&P has returned +29% since January 1st, 2020. + +[ S&P, up +29&#37; in 15 months ](https://preview.redd.it/e01j61j8moz61.png?width=682&format=png&auto=webp&s=a615d5c29eca7e2918b08c76788fed1bc0be81b6) + +Pretty amazing returns for a period of time largely dominated by a pandemic. This more than triples the 8%/year figure that many financial planners use for predicted annual market returns.   + +That same [$1k I put into crypto](https://toptencryptoindexfund.com/tracking-2020-top-ten-month-one/) in January 2020 would be worth $1290 had it been redirected to the S&P 500 instead.  + +Crypto over the same time period? The 2020 Top Ten Crypto Portfolio is returning **+952%**. The initial $1k investment in crypto is now worth **$10,523**.  + +***That’s a difference of $9,233***.  + +***On a $1k investment!***  + +But that’s just 2020. What about in the longer term? What if I invested in the S&P 500 the same way I did during the first four years of the Top Ten Crypto Index Fund Experiments since January 1st, 2018? What I like to call the world’s slowest dollar cost averaging method?  Here are the figures: + +* $1000 investment in S&P 500 on January 1st, 2018 = $1564 today +* $1000 investment in S&P 500 on January 1st, 2019 = $1670 today +* $1000 investment in S&P 500 on January 1st, 2020 = $1290 today +* $1000 investment in S&P 500 on January 1st, 2021 = $1110 today + +So, taken together, here’s the bottom bottom bottom *bottom* line for a similar approach with the S&P:  + +**After four $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, and 2021, my portfolio would be worth $5,634** ($1,564 + $1,670 + $1,290 + $1,110) + +That is up **+41%** [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) compared to a **+513%** gain of the combined Top Ten Crypto Experiment Portfolios, a difference of 472% ***in favor of crypto.*** + +To help provide perspective, here’s a quick look at the combined four year ROI for crypto vs. the S&P up to this point. + +[ Combined crypto vs. combined S&P](https://preview.redd.it/pwk8urcgmoz61.png?width=619&format=png&auto=webp&s=a5fe76c1097361aee9a2227eb5ed089c499fa3d3) + +That’s seven straight monthly wins and nine out of ten monthly victories for crypto. + +## Conclusion: + +Despite **Bitcoin’s** stagnation in April, the 2020 Top Ten Crypto Portfolio is approaching a four digit ROI.  With **Bitcoin** **Dominance** plummeting 10%, it’s starting to get interesting.  For those who weren’t around in 2017/2018, we’ve seen this movie before: **Bitcoin** pumps, alts follow, then all crash.  We’ll soon see if history repeats itself. + +For those who have supported the Experiments over the years, thank you.  For those just getting into crypto, I hope these monthly reports can somehow help with perspective as you embark on your crypto adventures.  Buckle up, think long term, don’t invest what you can’t afford to lose, and most importantly, enjoy the ride! + +Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects tracking the Top Ten cryptos as of [January 1st, 2018](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-40) (the OG Experiment), [January 1st, 2019](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-28), and most recently, [January 1st, 2021](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-4). +Edit to add: I am NOT in the US. + +I got an eviction notice from my landlord as she wants to sell the property. So I checked my credit score yesterday using moneysavingexperts credit club. Just to see what it is before looking at new places. + + +61 + +Out of 999 + +I didn’t even know you could get that low. + +If you don’t laugh you’ll cry. Just needed to share with people that understand the struggle. + + +Edit: +Also not being evicted, tenancy is ending and I’m being legally asked to leave au age can sell. Wasn’t aware there was a difference. Sorry for the confusion. +With that fact that the U.S is facing a possible credit downgrade and all the nonaction in Washington in a expedient amount of time. Does the U.S. risk losing its status as the global reserve currency? I just wonder what the thinking is of people involved with economics and finance. I know the U.K. lost its status with its currency in the 70s with the pound sterling so I know it can happen. Just wonder if that fact has edged closer. + +Edit: Thanks Everyone for you Insight and Information!! This is enlightening!! +Many investors who previously had 5% of their networth in gold are allocating an additional 5% of their net worth to bitcoin. Investors are starting to allocate the same amount of capital to bitcoin as they have allocated to gold. + +Golds market cap risisng from $10T to $25T is a given during a period of high inflation and financial uncertainty, and if investors are allocating the same amount to both gold and bitcoin then theres nothing to stop bitcoins market cap also rising to $25T. + +That would mean a 25x rise from this point and price per bitcoin above $1 million. + +Investors simply allocating the same percentage of their networth to bitcoin as they do to gold in an inflationary environment could easily mean a bitcoin price above $1 million. +After years of the student loan millstone hanging around my neck, my wife and I finally started building real wealth in 2018 and I couldn't think of a better place to share than this sub! + +https://i.imgur.com/4kbNRpK.png + +A little context behind the numbers: + +2013: Wife and I got married. I started grad school. **Net Worth: -$59,300** + +2014-2015: Between scholarships and living on one paycheck and putting the other entirely to loans, we paid off grad school within a year of graduating. **Net Worth: -$48,300** + +2016: Got first "real" job after grad school and annual household income tops $100K for the first time. We open IRAs and start investing a bit. **Net Worth: -$14,500** + +2017: Daughter was born! Got a 25% raise in a new job. Had to replace a vehicle and had other unexpected expenses, but still improved our financial state enough to hit positive NW territory. Discovered r/financialindependence and started daydreaming of FI. **Net Worth: $3,800** + +2018: Luck, hard work, and opportunity led to a promotion and a 60% raise. We both maxed our IRAs for the first time and put some serious money for a home down payment. (We live in an HCOL area and don't necessarily plan on buying right away, but we'd like the option if the time is right.) The late 2018 market dump shaved a bit off the top, but we were still able to improve our financial position by nearly as much as the previous three years combined. **Net Worth: $63,900** + +Looking forward: My employer will start offering a 401k in 2019, which we will be maxing along with our IRAs. Everything else will go towards rounding out our down payment fund. After we hit that goal, we'll take a nice vacation somewhere and then start putting extra into a taxable brokerage. + +Here's to 2019! + +(Edit: a word) +[💩](https://preview.redd.it/m7hkzhysk6791.png?width=863&format=png&auto=webp&s=3881c1f8529790ec74f9fe98ca3411698aa70c48) + +&#x200B; + +[🚽](https://preview.redd.it/6z77s7gwk6791.png?width=893&format=png&auto=webp&s=53ffe1d17faf0f123919ab3a6a501c60c3aeb330) + +&#x200B; + +[Seriously like, take a while to go thru Duggie's twitter since Jan 2021 to get a sense of what the biggest cheerleader for PFOF looks like, and then ask yourself if it makes perfect sense that this guy would openly brag about infinity pools on the news 🤷‍♂️](https://preview.redd.it/4w2ejsryk6791.png?width=841&format=png&auto=webp&s=74d2a168de2a653216b0111f0894c8aca76f51d6) + +# + +# Goal: collect available dark pool data on $GME with respect to Virtu's activity + +&#x200B; + +I'm interested in making a simple experiment with [the dark pool data on $GME that is available through FINRA](https://otctransparency.finra.org/otctransparency/OtcIssueData). I'd like to see if Virtu's trading activity on $GME in the dark pool has changed at all in the past 6 months. My hypothesis, based on watching dark pool activity for a year and a half on $GME and other memestocks, is that Virtu began to alter its dark pool trading patterns at the beginning of this year. Specifically, what I've seen is that Virtu's number of trades have declined somewhat in comparison with Shitadel. My question is: *Does the reduction in number of transactions coincide with a drop in overall dark pool activity relative to other institutions and brokers*? + +&#x200B; + +This project came to mind recently as I saw Doug Cifu (aka 'The Hotdog Financial Terrorist') in the news making a complete ass of himself on TV. It reminded me that I've been tracking his company Virtu (aka 'Virtute') since January 2021 on the dark pool for $GME and other meme stocks. I'm giving this background to explain why I don't actually have all the data that would be necessary to conduct this experiment properly. The issue is that FINRA is so kind as to delete its back data, keeping only 6-months worth on the free public page. I think there is a way to pay for the older info, but I'm not about to. It's also very likely that I have the screenies somewhere on my computer but I don't feel like finding them: probably other apes are keeping the record and can build off this DD going forward. For what I want to think about, I believe the current data running back to November is sufficient. + +&#x200B; + +# Data on $GME: dark pool monthly reports from November 2021 to (most of) May 2022 + +&#x200B; + +The screengrabs from FINRA shown below will form the backbone of the investigation. I'll also use data from other memestocks as well as from boomer stocks for controls, but I won't post those datasets here since they're not relevant. Also keep in mind that I'm working solely with OTC Non-ATS issue data (Over-the-counter, non-Alternative-trading-system). There's also OTC ATS issue data that should figure into a robust study of the $GME dark pool. But because these numbers (which primarily come from retail) are always significantly lower than the tute activity on the OTC non-ATS, I won't include them here. + +&#x200B; + +For the $GME data that I'm sharing below, **pay attention to a couple of things**: + +&#x200B; + +* Number of shares traded and number of transactions. + +&#x200B; + +* The brokers/firms on the list besides the big names. Especially keep an eye out for: + * De Minimis Firms (= private undisclosed tutes) that tend to trade a lot of shares at relatively few transactions. + * Boutique brokers such as Robinhood and Drivewealth which *almost always have the same number of shares traded as trades performed, implying that this particular subset of the dark pool* ***is being traded daily at 1 share at a time*** *while others on the list average (for the first report available, i.e. Nov 2021) 63.5k trades for 1.6m shares total, or an average of 25 shares per trade.* + +&#x200B; + +* The last time the data was updated. REMEMBER: ***EVERYTHING IS SELF-REPORTED***. Data can be updated whenever, and on the first report shown below it can be seen that the November data continues to be updated 6 months out. + +&#x200B; + +* ~~If there is a discrepancy between the totals on the top of the report and the totals that are found by adding each individual report~~. Don't start adding though, I've checked all the data below and haven't found any discrepancies. I'm mentioning this because I've found that the monthly reports do not always match up with the summation of the corresponding weeklies (or I'm bad at adding); but to go through all that data now would be painstaking, and for the purposes of this DD, the possible discrepancies on the monthlies shouldn't be a huge issue. + +&#x200B; + +* When new institutions enter on to the list that have not been there before (typically happens during periods of heavy volume). + +&#x200B; + +* When the number of shares traded/transactions end in a round number; this may be understood as evidence of algo/HFT trading, especially when it is considered that round lots of 100 shares can be used to change the tick. + +&#x200B; + +[Nov 2021, Virtu performs 130,768 trades for 5,309,067 shares, or an average of 41 shares per trade. \[\*Note that National Financial Services should be circled like RH and Drivewealth as \(nearly\) 1-for-1 trade activity.\]](https://preview.redd.it/d2xan1pcl6791.png?width=1650&format=png&auto=webp&s=849502cc8da48128be11f7b35c88d43963b6ebcc) + +&#x200B; + +[Dec 2021, Virtu @ 41 shares per transaction.](https://preview.redd.it/klwwfg3el6791.png?width=1522&format=png&auto=webp&s=c4420f7bd37f1725b88f60d413ff72cddbd93732) + +&#x200B; + +[Jan 2022, Virtute @ 52 shares per transaction.](https://preview.redd.it/42yg2cifl6791.png?width=1530&format=png&auto=webp&s=4c66a0ed5d3a8aed2f9147937891f711e9817e21) + +&#x200B; + +[Feb 2022, Virtute @ 64 trades per transaction.](https://preview.redd.it/0hs8n59hl6791.png?width=1542&format=png&auto=webp&s=69387bf414e38cf83f1bbd14f890122dcb6fed7c) + +&#x200B; + +[March 2022, Virt @ 83 shares per trade.](https://preview.redd.it/u9gx51qil6791.png?width=1510&format=png&auto=webp&s=7c20bdb1a873fb68aed85eef745dbf37a4c20fba) + +&#x200B; + +[April 2022, Virtute @ 70 shares per trade.](https://preview.redd.it/830mlglll6791.png?width=1538&format=png&auto=webp&s=f93b13f370549dce99a00a659ef7747633c48a0e) + +&#x200B; + +[All the May 2022 reports are out but not collated by FINRA yet for some reason. Virt total is 149,585 trades for 11,542,000 shares or 77 shares per transaction.](https://preview.redd.it/o0j88d7nl6791.png?width=3140&format=png&auto=webp&s=0d67f25c07510d8de8b71b907a7147088fed317c) + +&#x200B; + +# Collecting the data: Virt activity on $GME compared with Shitadel + +&#x200B; + +Now I'm going to take the data for Virtu and compare it with the other big player, Shitadel, as well as compared with each report as a whole: + +&#x200B; + +[The data from above collated.](https://preview.redd.it/y4xh9x0ql6791.png?width=1230&format=png&auto=webp&s=c36f6dfd309d27d2753c3f9e02eb5d8c572cb638) + +&#x200B; + +I started to wonder about this data when I noticed that Virtu's number of trades seemed to be declining. As it turns out there is a slight decline noticeable, especially recently in April and May. Here's what the data looks like just comparing the discrepancy between Shitadel and Virtu: + +&#x200B; + +[This shows discrepancy of Virtu with respect to Citadel.](https://preview.redd.it/jihwptarl6791.png?width=855&format=png&auto=webp&s=e78b0d165a10d56d55d1e27c6415810864b9cb06) + +&#x200B; + +As can be seen here, the trade discrepancy has been growing slightly, so too the shares-per-trade discrepancy. It appears that Virtu is executing less trades at greater amount of shares per trade (though with less shares overall traded compared to Shitadel, except during the March anomaly which may be explainable with some tinfoil below). It may be that in order to keep up the same pressure on the ticker that Citadel is exerting (since it's clear that the two tutes move in near unison as they report numbers more similar to one another than other participants) Virtu has to make bigger trades to compensate for their reduction in traffic. If the goal is to lower the tick with a 100-lot trade, then it seems to me that Virtu is having to do more of these 100 lots than 6 months prior, therefore the average number of shares per trade is approaching 100. Probably Virtu is more comfortable with trading 100 and the 1 or so, thus the earlier averages at around 40 to 50. To execute the bigger trades, Virtu is probably needing to sweep the live book to capture enough shares to round off their lot. This can be an expensive operation. If this is in fact what's going on, then it's observable from this data that Virtu is struggling to keep up the frequency of their trades which may be costing them a lot in fees to keep executing the way they were in 2021. Right now it seems like Virtu needs some kind of off-ramp from the $GME dark pool or else they will continue to be crunched by having to move more and more shares with less and less resources. + +&#x200B; + +# Control data: comparison with other memes and boomer stocks + +&#x200B; + +This part of the experiment could go on forever. I'm opting to just take a look at two other memestocks and then two boomerstock for control. Additionally, because of the NMS Tier 1 vs Tier 2 reporting, other stocks don't have full May data like GME does, so I won't be including that here. + +&#x200B; + +[Data for $\*MC. It can be seen that there's a different pattern going on here than with $GME. Virtu does trade less shares with less frequency, but it appears that in this case Shitadel is pulling more weight on $\*MC since the beginning of the year. Looking at Virt's activity in Nov and Dec, it seems that here too it can be seen how Cifu's company is not keeping up the dark pool pressure in the same was as Citadel \(though they're failing to do so in a way that isn't the same as with $GME\). Both tutes are approaching 300 shares per trade, demonstrating a similar issue of having to do more than before to lower the tick.](https://preview.redd.it/f24qcsktl6791.png?width=1813&format=png&auto=webp&s=56fb871735f0a60e346cab15845a055a1fc3e726) + +&#x200B; + +[Data for $B\*BY looks more similar to $GME, showing that Virtu's more-shares-for-less-trades pattern with respect to Shitadel accelerated quite rapidly recently on this ticker. On the Feb report, Virt traded less shares than De Minimis as well as Citadel.](https://preview.redd.it/24l6sfbwl6791.png?width=1825&format=png&auto=webp&s=e919f6e68748e220ee2da5ca7c1cd7b8167d38a1) + +&#x200B; + +The meme data is somewhat inconclusive, and a bigger sample will need to be drawn from at another date. There is some reason to say that the evidence of Virtute's struggles can also be seen on these tickers, but there is also the issue that these separate companies have had very different histories with these tutes than $GME. For instance, $\*MC sees more dark pool activity than $GME but is not shorted through the $X\*T in the same way as GameStop Stock. The different dark pool structures may produce different overall patterns that, though divergent, may nevertheless together support a conclusion that Virtu's trading activity has altered in some way this year. Again, a much bigger data-set is needed here. + +&#x200B; + +[Data for $\*MZN fits relatively well to the $GME results.](https://preview.redd.it/ia61jelzl6791.png?width=1836&format=png&auto=webp&s=15293dbf6522abf0dc8a67561a9897bf9f45678d) + +&#x200B; + +[$\*APL data provides an excellent example of the Virtu phenomenon in question.](https://preview.redd.it/n2jjy9y0m6791.png?width=1842&format=png&auto=webp&s=180dc05e18b069cdf3772d7806c6859540dfdc97) + +&#x200B; + +Looking at the boomer tickers gives a great match with the $GME hypothesis. It really does look like in these cases that Virt can't keep up with its commitments to its Shitadel overlord. Perhaps as Virt struggles to keep up with tickers like $\*MZN and $\*APL it's throwing too many resources at a $\*MC or other memestock to try to keep their head above water on some of their more dangerous infinity risks while cutting down their interest in traditional tickers. + +&#x200B; + +# Tinfoil time: y u mad Dug? + +&#x200B; + +Could this explain why Duggie is big mad to the point of openly stating that he's in for infinity risk on TV? + +&#x200B; + +[DRS your shares folks! If you notice when you go through the Hotdog twitter that he hasn't come for DRS, but keeps trying to frame the conversation in terms of PFOF. He is conveniently leaving out Virtu's dark pool activity by doing so---activity which is under direct threat from the $GME DRS movement.](https://reddit.com/link/vi6hj6/video/azgw6k74m6791/player) + +&#x200B; + +Maybe it's a combination of things since his ticker is starting to feel the pressure: + +&#x200B; + +[The price is wrong 🤭](https://preview.redd.it/rncblm46m6791.png?width=1042&format=png&auto=webp&s=7b11affbe55fa5e171ccd6ff4160b3c3d845fc89) + +&#x200B; + +For whatever reason the other tutes seem to leave Duggie alone, so I guess the drop is his own? Well, to be fair, he does get some nibbles from a mystery De Min and his pal Ken: + +&#x200B; + +[Not even UBS??](https://preview.redd.it/wauksd08m6791.png?width=1728&format=png&auto=webp&s=3d87897a087e35bfef4e86ec3546291b4211eaa7) + +&#x200B; + +My tinfoil is telling me that Virtu's activity started to change around Feb of last year, perhaps coinciding with DOJ activity into block trading (which, yes, can be done on the dark pool). What was seen during this time was a bit strange. On Bloomberg it appeared for a bit that VIRT had disappeared entirely from the lit pool. While it resurfaced again later, the momentary disappearance suggests that all the lit activity for that period had to be moved over to the dark pool---possibly because the real battle was being fought on that front. + +&#x200B; + +[Virtute goes from leading the lit traffic on $GME in Jan 2022 to disappearing from the data in mid-Feb.](https://preview.redd.it/zrcuul99m6791.png?width=2836&format=png&auto=webp&s=dc3e417e391a9fb0adfa318919807deb94c62950) + +&#x200B; + +This same mysterious disappearance also happened on $\*MC: [January](https://i.redd.it/qzevsyy7eoi81.jpeg), [February](https://i.redd.it/6ksyqqy7eoi81.jpeg). Sometimes Virt likes to trade on the lite exchange not through its VIRT broker code, but as NITE---the former [Knight Capital](https://en.m.wikipedia.org/wiki/Knight_Capital_Group), known for 'accidentally causing a squeeze because there was this totally harmless power peg function built in to the system but then they got bailed out by tutes anyways but that was all a total accident OK?' Knight Capital is listed as a [known scam company in England](https://www.fca.org.uk/news/warnings/knight-capital-markets-clone). As the alter-ego that dark-pool-loving Virt appears to use when they want to trade on the lit but not show up, Knight loves some of those fake-o memes: [Jan 2022 activity](https://i.redd.it/d4wul7c79oi81.jpeg), [Feb](https://i.redd.it/nxq2thc79oi81.jpeg). From this it appears that what I guessed above is somewhat true: Virt (or at least NITE) has as heavy a hand in 'memes' as in boomer tickers, suggesting that there's a constant balance to keep activity (read: bagholding) on both baskets afloat. + +&#x200B; + +# Conclusion: hodl and keep the pressure on + +&#x200B; + +Whatever the case, I hope to have partially demonstrated with the incomplete data I have that Virtu is feeling the pressure on the $GME dark pool where it isn't able to keep up with Citadel like it used to, but where it also is finding that to keep up at all means taking on bigger and bigger (and likely costlier and costlier) trading habits. Maybe that's why The Hotdog Financial Terrorist feels the need to bark so much? I.e., because he can't bite off the whole hotdog anymore in this 'contest' that he seems to think is a race to see who can eat more dogs (i.e., have greater risks/bags), when really there's no need for him to Kobayashi it as fast as possible since retail ***will never stop*** eating those yummy dips and ***will never stop*** being hungry for DRSing $GME. + +&#x200B; + +# NOT FINANCIAL ADVICE + +&#x200B; + +[🖕](https://preview.redd.it/k8pd3h3dm6791.png?width=1133&format=png&auto=webp&s=7bdc580dc21533c7b2102cb60374103b9da840df) + +&#x200B; + +(edit1: formatting) +My employer only offers two days of paternity leave on full pay, although up to two weeks' paternity leave can be taken at statutory pay. + +What's the general view on this, as it feels stingy to me? + +If there's any data, information or reports out there that I can use to convince them it should be two weeks fully paid leave then that would be helpful too? + +Thank you! +So I won $108,000 before taxes at the casino in PA. I paid taxes on the spot, about $35,000. + +Right now I drive a complete piece of shit. So I need a new car first and foremost. I purchased a few small things, paid off my credit card, and paid back a loan to my parents. This leaves me with $65,000 in the bank right now, which brings me to my question. + +How much should I spend on a new used car? I have a 2000 Honda civic now with 180,000 miles and it's a piece of shit with a lot of cosmetic damage. I could probably sell it for 1000$. + +Right now I am on my second year in a doctorate level program. The tuition is about 35k a year plus living expenses. I have taken out loans for the first two years already. I have roughly 25k in student loan debt at a lower interest rate <5% that was preexisting. The loans i'm taking out now are half Stafford loan, half graduate plus loan at an interest rate closer to 7%. + +Do I pay off part of my existing debt with this money? Or do I use it to pay for my tuition and living expenses until it runs out thus avoiding taking out new loans at a higher rate? + +Do I invest this money now, and pay it off later? + +Is there anything I can do to get money back from the taxes I paid? I am not working right now. I play poker maybe 1-2 times a week for extra money but essentially I have 0 income. + +Am I getting double dipped on taxes? + +I need to figure out the best way to get the most out of this 65k in the bank that's sitting in a high interest savings account until I can figure this all out. + +Thanks guys + +EDIT* Thanks everyone for the advice! I also want to point out that I'm in a professional program in the medical field. Hence the outrageous tuition costs. + +EDIT2* Also want to point out to everyone that I don't play casino games like slot machines / blackjack...just poker. It is a game of skill, you are playing against other people, not the house. +So I've been dabbling with options for a few months now with little success (learned not to play with naked calls). I recently came across the put credit spread strategy. + +Of course, the total newbie in me feels that this is an absolute goldmine! + +Consider this: + +Current price of $MSFT: $289.50 + +16 spreads on $MSFT. $277.5/275.0 at around .25 delta. 2 weeks till expiry. + +$4000 collateral with a credit of $640 (0.40 per spread). + +If I were to let these spreads run to expiry, this would equate to a 16% ROR, however I do not plan on letting this happen. I plan on closing positions the second I make 50% of the total credit I could have gotten ($320) to be even more conservative. + +&#x200B; + +So here is my question: + +Would it be unreasonable for me to rely on this strategy to generate $300/week to pay for bills/living expenses? + +Something I hear frequently on here is that put credit spreads "work until they don't". The thing is...unless the market crashes...I just can't see how this can fail. This is $MSFT! Lets say that there is another big move in the market... I'll just roll the expiry. + +Appreciate all feedback! +Hello theta hoomans. + +I see some people (possibly you as well) sell weeklies for profit. Personally I havent been very successful when I experiment with weeklies. + +Any tips? + + I would like to sell some here and there. Maybe allocate a portion of my account to them if I do ok. + +With so little time I'm usually too scared/feel unsafe with them but I feel that there is a way to get it cranking. + +I want to clarify I mean selling weeklies, weekly. Or bi weekly. + +Thanks. +Bought at the beginning of the week for $230 premium. + +Nobody expected (except my put buyer ofc) for TSLA to drop 15% in 4 days. + +Can we discuss my options? I am using margin. I know. I know. + +Option #1 - stock falls below $560 and option is exercised. I now am assigned 100 shares TSLA at $56,000. +Now I accrue interest until I pay off the margin. + +Option #2 - I buy to close and realize the loss. And roll. + +Option #3 - I do nothing and hopefully it expires. + +I am considering selling CC if assigned. I do want to pay off my margin soon if possible. + +It’s alright. That’s how you learn. +I'm a little confused. Let's say NVDA is at 250 and I sell naked calls with 3 dte at 260. Then day of expiration, it is ITM and I'm down $1,000 on the contracts. If I roll the naked calls to 270 to the week after and it ends that week OTM at let's say 265, do i recover the $1,000 from the previous roll + the 270 strike contract premium, or do I only receive the premium from the 270 strike naked call? +Selling an at the money cash secured put and using.the credit to buy an at the money call calendar spread at the same strike. It would result in a net credit and that credit would be my minimum profit if the underline skyrocketed which means i have no upside risk. My downside risk is getting assigned obviously but if the stock trades sideways for the life of the trade i could potentially make more than the net credit I received. It's almost like a jade lizard but i buy my long call to hedge for the following week at the same strike. Maybe a calendar lizard spread or something like that? +Context: I (21) live at home with my parents, sister, and my daughter (1). Disabled/ physical rehab prevents me from getting hourly/real job. I doordash when I can, in non-winter months I make about $300 a month, and save $150 of it each month. I receive financial assistance for food and clothes. My parents agree for us to live here rent free. I would like to move out on my own by next winter. After taxes come in, I will have about $4,000 in savings account. I am also looking to get a real job by this summer. + +Question: How can/should I invest my money to grow it between now and next winter? Would it be wise to try to invest in stocks, or should I be doing something else with my money? Any advice welcome, I am desperate to move out and become financially independent from my parents. +I really want to know if one of you guys (or somebody you know ) has tried the things that he says are good. +Real Estate seems like a legit way of making money , the guy's real shady +I've got most of his free ebooks but i still can't say for certain. Halp :^( +I have about 300k in equity in my house. + +I have a 401k that gets maxed annually, along with my roth. + +I've been doing research on buying an investment property as one of my friends wives sells turnkey properties. + +Current heloc rates are 4.7% from what I can tell. + +I can expect about 200 cash a month on the property. + +Would it be beneficial to move forward, or is my math wrong/ am I missing something? + +Thanks for any advice + +Edit: i would only be using about 30k for a down payment, not the whole 300k +To provide some additional detail... About a month ago, I was having a date night with my wife and she noticed I was jaundiced in my eyes and skin. Fast forward to now, after a few tests and procedures, I have been diagnosed with PSC and have stage 2 liver cirrhosis. They also found a polyp in one of my bile ducts that is apparently one stage away from cholangiocarcinoma - luckily it hasn't progressed to that yet as far as we know. I'm going to Mayo Clinic in about a week to undergo some testing and determine next steps. Will likely need a liver transplant. + +Before finding all of this out, I would have been classified as an extremely healthy person - probably top 5% at least. I am only 29 and was previously a 4 year starter on a division 1 football team and have mostly maintained my health since then. I'm active and eat a healthy diet. Ultimately, other than being a bit more tired than usual - I feel completely fine. If I hadn't turned yellow then I wouldn't have ever thought anything was seriously wrong with me. + +All that said, I have a wife and a 7 month old girl and I want to make sure they are set up if things end up going downhill. I obviously wish I had gotten a policy around the time my daughter was born, but I didn't - so here I am scrambling to find an option. I do have a $250k policy through my employer, but I would ideally like to have another $0.5-1m (minimum) term policy. I have some agents checking on some policies for me at the moment but was ultimately wondering if I should have any hope in terms of actually getting a policy? Are there any potential routes that I may not be considering that I should be? + +Appreciate any insight! +Newbie here! It is nice to read you all. :) + +My plan for FI/RE is in effect, and I have (hopefully) less than 4 years to go. Working life is on auto-pilot, and it is pretty boring at times. I am looking for advice on how to happily get through the remaining time in auto-pilot until FI/RE is achieved? Any idea is welcome on new things to try (that are frugal), new hobbies to check out (that are frugal), vacations to take (that are frugal), and/or ways to make an easy buck (that are frugal upfront). + +This question is open ended, especially since you don't know my likes/wants. It is always interesting to read about what others enjoy, and I look forward to what advice you may have. + +NOTE: when I say boring, I mean the routine of getting up, going to work, working all day, getting home to make dinner, yada yada yada. This Monday through Friday routine gets pretty monotonous during auto-pilot. +#Intro +One of the bullet points on this subreddit's sidebar says: + +> FI/RE is NOT about: Taking the slow road, or the traditional road to retirement + +I want to provide one of the alternatives to this method that I don't see talked about on here nearly as much as it should be, leveraged efficient portfolios. If you are one of the people who refuses to touch leverage in any form with a ten foot pole I would love to hear your thoughts on this especially. I am going to give a brief explanation of portfolio efficiency, share some backtests under different circumstances, and attempt to make the case that no one who is trying to grow their wealth both safely and quickly should be invested in 100% stocks. + +#What is risk? +Everyone here has a general concept of risk and reward. It's something that every investment has, but not all investments are equal. If you invest in a one year treasury bill today you will have next to no risk but the reward is only 0.4% per year. If you invest in a 20 year treasury bond you will have slightly more risk and therefore you get a slightly higher reward of about 2% per year. If you invest in the S&P 500 you are taking on much more risk, but how is that measured? It is incredibly difficult to define what risk is. Some people consider it to be the odds of losing everything if you're dealing with derivatives for example, while more commonly it's defined as the amount of volatility you may experience along the way. The S&P 500 dropped by a bit over 50% in the 2008 Financial Crisis. The more volatile your investment is, the bigger the chance it has of going down significantly in value and because there's never a guarantee of it going back up in value this is perceived as risk. + +The stock market (the S&P 500 for the purposes of this) returns anywhere from 6-12% per year on average depending on if you include inflation, dividend reinvestment, and depending on the time frame you're looking back at. The backtests I will show go back to 1994 and including dividends, but not including an inflation adjustment, show the S&P 500 returning about 10.5% per year. This is a great average return and while there are significant crashes from time to time, it has shown to be incredibly resilient at recovering. This has led a lot of people who are looking to grow their wealth to allocate 100% of their investment portfolios into stocks. Don't get me wrong, this is still a great way to grow your wealth and if you do it for 20+ years you can expect to retire quite nicely. The point of this paper is to explain a way that you can *either* keep the risk the same and increase your returns, *or* keep your returns the same and decrease your risk. This is done through having an efficient portfolio. + +#What is an efficient portfolio? +Most people here are familiar with the movement of stocks. They generally follow the broader economy and when that struggles they also struggle. This can lead to lower future expectations which causes some to sell their stocks and move their money to something less risky. Well what is that less risky thing? In most cases it's bonds. What happens is during times of uncertainty people make this switch from stocks to bonds. This is often known as a "flight to safety". It causes stock prices to drop and bond prices to rise. What also can happen in times of uncertainty is the Federal Reserve cutting interest rates. I won't go into too much detail here but lower interest rates cause bond prices to increase. + +Now you have stocks that perform well in good times and bonds that perform well in bad times. This is called an inverse correlation. Stocks and bonds do not *always* have an inverse correlation, especially during good times, but they do have some degree of it during bad times. There are other things that move somewhat or completely inverse to the stock market, such as put options which involve betting on something going down, but the key difference between those other options and bonds is that bonds have a positive expected return. If the market is expected to return 10% per year and bonds are expected to return 2% per year and you hold them 50%/50% you would have an expected return of 6%. This seems worse than holding just stocks... but return is only half of the picture. A stock/bond portfolio is going to have **less than half** of the risk of the 100% stock portfolio. This is because of the somewhat inverse relationship I mentioned earlier. You can plot the risk and return of every combination of stocks and bonds. For example on one end you have 100% stocks + 0% bonds, on the other end you have 100% bonds and 0% stocks. This does not form a straight line. The resulting risk/reward ratio is a curve and the portfolios on the curve are known as tangency portfolios and looks like [this](https://cdn.wallstreetmojo.com/wp-content/uploads/2019/09/Efficient-Frontier-1.jpg.webp). + +Every portfolio on the curve is as historically [efficient](https://en.m.wikipedia.org/wiki/Efficient_frontier) as possible. Now you might notice that even 100% stocks, which would be a broad index fund, is on the curve. That does not mean that it is the most efficient. What that means is that without using any leverage it is the most efficient way to achieve those higher returns. Looking at the curve you'll see that there is a huge amount of diminishing returns with 100% stocks. You are taking on more risk for fewer returns when compared to some of the more efficient combinations which are generally 55-60% stocks and 40-45% bonds. + +#The effects of adding leverage +If you are willing to take on the risk, defined as the volatility, of 100% stocks, then it follows that you should be able to take on the risk of the portfolio that I am about to describe. There exist leveraged ETFs (r/LETFS) that multiply the daily gains of whatever they track. If you want 2x leveraged S&P 500 you would probably use the ticker SSO. If you want 2x leveraged 20 year bonds you can use the ticker UBT (Side note: if you have issue with the low AUM of UBT you can use 50% TLT and 50% TMF to get the same result). Combining the two of these in a 55%/45% ratio (or 60%/40% if you prefer) you can effectively double the most efficient portfolio. This is the same as holding 110% stock and 90% bonds. You can use any degree of leverage you like but I am a fan of 2x because it matches the risk of 100% stocks very closely. Let's look at some backtests from 1994 to present day. + +[Here](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=1&leverageRatio=100&debtAmount=0&debtInterest=3&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=SPY&portfolioNames=true&portfolioName1=2x+55%25+Equities+45%25+Bonds&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=55&symbol2=VUSTX&allocation2_1=45) is the backtest of the main portfolio I am describing compared to an unhedged S&P 500 portfolio. This test covers 28 years, 20 of which the leveraged portfolio outperformed. Please note, the years that it outperformed were **not all during bull market years**. It outperformed every year of the Dot Com crash, 2008, and 2020. It had a CAGR about 50% higher (15% vs 10%) over this time period, a better worst year, and a marginally better maximum draw down. + +[Here](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2006&firstMonth=1&endYear=2010&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=1&leverageRatio=100.0&debtAmount=0&debtInterest=3.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=SPY&portfolioNames=true&portfolioName1=2x+55%25+Equities+45%25+Bonds&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=55&symbol2=VUSTX&allocation2_1=45) is the portfolio from 2006 to 2010 which fully encompasses the 2008 Financial Crisis. In this time the S&P 500 basically broke even and this portfolio did marginally better. This is to illustrate that even if we have another 2008 this portfolio is going to be just as resilient, if not more so, than the S&P 500. + +[Here](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2015&firstMonth=1&endYear=2019&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=1&leverageRatio=100.0&debtAmount=0&debtInterest=3.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=SPY&portfolioNames=true&portfolioName1=2x+55%25+Equities+45%25+Bonds&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=55&symbol2=VUSTX&allocation2_1=45) is the portfolio during 2015 to 2019. You might wonder why this period is significant and that's because rates were rising from near zero to almost three percent during this window. Rising rates are bad for bonds but generally are a sign the economy is strong. This year is the start of a series of rate increases which are most likely already mostly priced in at this point. The Fed wants to get interest rates up a couple percent so that they have room to drop them in the next crash. During this time the portfolio was more or less on par with the market yet again and came out with both a slightly higher CAGR and lower maximum draw down. + +[Here](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=1&leverageRatio=100.0&debtAmount=0&debtInterest=3.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=SPY&portfolioNames=true&portfolioName1=2x+55%25+Equities+45%25+Bonds&portfolioName2=100%25+2x+Equities&portfolioName3=100%25+2x+Bonds&symbol1=SPY&allocation1_1=55&allocation1_2=100&symbol2=VUSTX&allocation2_1=45&allocation2_3=100) is a visualization of each of the parts of the portfolio compared to both the market and the combined portfolio itself. I wanted to show this one so you can get an idea of how each piece moves. You can see that it really is a team effort between the two assets, especially during crashes. + +#Conclusion +I know after seeing this there are still going to be people who won't touch leverage ever in their life and that's okay. I just want to put this out there for the ambitious ones who want to shave a few years off of the time it takes to reach their goal. + +* I have written over 15 pages specifically debunking or explaining various risks associated with leveraged ETFs. This will be posted when it is completely finished. If you have a question or concern about them or their mechanics, just ask. +* I am personally investing over 90% of my wealth into a modified 3x version of this portfolio. +* For people who want diversification outside of the US, I have a post about recreating a leveraged version of VT [here](https://www.reddit.com/r/FinancialAnalysis/comments/rxmbwt/how_to_create_a_leveraged_version_of_vt/?). If you want me to help you come up with something specific just ask. +* If you want more information on leverage I would highly suggest [this](https://rhsfinancial.com/2017/06/20/line-aggressive-crazy-leverage/) +* This portfolio should be rebalanced quarterly if possible (in a Roth IRA for example) or at least annually. If one part grows enough to overtake the portfolio you won't have the same efficiency benefits. + +If you read all of this, thank you! I would really like to have some good discussions in the comments. If you're going to try to make a case against it, which I welcome, please bring your sources! For more posts like this you can check out r/financialanalysis +Tether is arguably the biggest threat to the crypto market right now. However, we can't assume that they are doing anything wrong, or that they are doing everything properly, until a third party audit is performed. + +The risk of artificial pumping or mismanagement of the underlying assets is too great to ignore, and the ramifications will only be worse if this is allowed to continue. + +Even if you believe that they have a 1:1 backing for every tether, why not confirm this with a publicly available third party audit done by a reputable accounting firm. +I've recently started to transition from a senior level to exec level roles (e.g. Sr Director, VP) within tech and I'm struggling to understand what expectation I should have of my value. I'm unsure if my current compensation is competitive or low (been in this role a few years), so I'm not confident in using this as a benchmark for other roles. + +Most compensation summaries I've seen are either for lower wage workers (Glassdoor, Indeed, Comparably) or for high earners but topping out around IC/Manager (blind, [levels.fyi](https://levels.fyi)) so these are not helpful. The logical answer I've come up with is to keep interviewing and hear what companies are willing to offer, but with relatively limited openings at these levels and/or not having them publicly posted often, I don't have a decent dataset to put my few data points in perspective. + +How do other execs go about determining their fair market value and knowing if they are under or competitively compensated? Are there resources out there I should be using? +I work in wholesale cars; and for a long run over the last couple years there have plenty of cars that were possible to order new and then immediately resell for a profit (Rav4s, Jimnys, Camry hybrids) being some good current ones. I’ve noticed lots of these sellers coming through if you look at second hand Tesla’s on carsales almost all are private sellers/dealers trying to make a profit and I feel there’s a little mini bubble about to pop here. Everyone that offers me one seems to be saying they have more on the way and family members have some for sale - also with the volumes of listings and price starting to go down and just cost or living pressure I feel there’s a real bubble here. Especially if Tesla doesn’t keep increasing price. There are plenty of cars this was possible but isn’t anymore (Ford rangers) Doesn’t look like one that can make me any money but I just wondered if anyone else had thoughts on it or is currently doing it it themselves. +Although I’m under 25 and get a good interest rate I’m not intending on staying with them. I’m happy to sacrifice the additional interest for a bank with a proper functioning app. I cannot fathom how shit and outdated their app is. + +Personally I’m debating between Xinja and 86400. I only use my CBA as my transaction account so UP bank is out of the question. + +Very interest to hear everyone’s thoughts on what banks their going to and why. + +I’m also in SA and we don’t have any BOQ branches so that’s another reason why I’m leaving. +A thread over at the GameStop employee sub just discussed the base pay, if they couldn't increase it to $20 per hour plus their individual raises. The sentiment being, the company has the cash on hand. + +Of course it is more a matter of cash flow, because obviously they can't just blow their cash if the higher pay can't be sustained. However, customer satisfaction cannot be achieved without employee happiness. Their sub demonstrates that they are understaffed, thus overworked and paid too little. A higher pay would solve both problems, because there is no labor shortage but a shortage of employers with worthwhile wages. + +Ryan Cohen must be aware of this. At Chewy it looks like the base pay is higher compared to other retail stores. I don't live in the US, so taking Glassdoor as reference it seems to be around $15 an hour for store reps. Does anyone here know if a higher pay has been part of Chewy's strategy? Or am I wrong here (totally possible as I'm a Europoor and have never been in their stores). + +I personally think it would be a very bullish signal if GameStop's pay would increase. It would show their commitment to customer satisfaction. + +Edit: Replaced the word livable with worthwhile to clarify this isn't a political context. I am solely arguing that at the current pay the end goal of customer satisfaction cannot be achieved, because employee happiness is required to do so. It's a bit of a chicken and egg problem. In my opinion the higher wage pill must be swallowed to allow the new business plan to succeed and viewed over several quarters/years this will be a good decision. +If the banks were too afraid to lose their liquidity or their investments liquidity once people start pulling out “their” money to invest in Crypto, wouldn’t that bring up the question of who owns your money? You or your bank? + +Wake up people. Remember what Crypto came for. + +We can’t kneel for the banks , the banks need us. + +Just my 2 Cents. What do you all think? +Obviously everyone knows what the auto industry is looking like nowadays but I just thought I'd share what happened to me in case someone else might be in a similar situation. I was stuck in a 2020 Nissan rouge sport for a 36 month lease paying $615 which was killing me. I needed a car due to my son being born and I had no other options since I was broke with a 585 credit score. I was upside down on my other vehicle which was too small to fit a baby seat and had to add it to the lease. Yesterday I was able to sell my leased car back to Nissan for 26k which the payoff was 27k so after 11 months I just had to pay $1,000 to get out of it. I would had to pay about $15,000 if I kept it till the end of the lease. I'm just glad it's over with. Nissan is buying back leases and even cars without you buying anything from them. I got lucky and will never make a mistake like that again! +The only other method would be manipulating ETFs, which we saw early on. I wonder if that explains the pump on the tokens over the weekend. Either way, a true DRS’d share of any meme stock could soon turn into the most valuable security out there. Buy, hold, drs. See y’all on the moon +Curious if anybody here has gotten them and what your thoughts are. I'm looking at newest Human Touch model, 15-20% off for BF and considering taking the plunge. I remember testing them out 5-10 years ago when I wasn't realistically considering them and felt the technology just wasn't quite there. + +After testing them again... well, I've pretty much come to the same conclusion. However, the price no longer dissuades me like it once did. It certainly can't replace human massages, but I did come out of it feeling fairly relaxed and having some muscle tension reduced. I'm thinking it's something I could really incorporate into my daily routine for 30-60min. + +My worry is that the settings are more limited than I'd envision, or the same repeated few patterns of massages become less useful or uninteresting over time and it ends up sitting there collecting dust until I inevitably sell it for 1/3rd the price. + +Idk if it's reasonable to sit in a showroom for 3-5 hours testing a chair lol + +Anybody here have them? What do you think, worth it? +I have over $500k in cash that I am looking to invest. + +As background, my net worth is relatively low compared to folks in the group. + +I have about + $1.25 million in taxable accounts, +$600k in retirement funds. +$ 700 k in cash + +In addition, I max out my 401k, add $125k a year to my deferred benefits and have about $2k a month auto investing to the market. + +Own the building my business operates out of. The building is worth a little over a $1M. I owe about $500 K in mortgage. + +I owe about $300k remaining on my home mortgage. + +I would like to keep $200k in cash as emergency funds but invest the rest. + +My concern is that I have a chunk of my yearly investments already going into the stock market bucket. + +Should I just put the $500k in the stock market or pay down my commercial/home mortgage or are there other options I should be considering? + +Edit: Thanks again for all of your fantastic feedback. I appreciate all of the replies and suggestions. The real world expertise in this group is amazing. + +Based on the discussions here, + +- I paid off my home mortgage yesterday +- initiated a structured pay off of the commercial property in 2 years +- started looking into fee based financial planners in the area to meet +- started researching MFH property deals in the area and looking to reach out to some broker contacts I have for this. + + +- +This post is the third post of mine on things I've learned in the 3 years I have been in crypto. So far I have only posted them in the r/EthFinance daily since I didn't think they were worthy of dedicated posts but I have since figured I may as well post one here and see what you all think. Links to the first two posts are at the bottom. + +&#x200B; + +Here’s part 3 of my thoughts and what I have learned after 3 years in the crypto space. Enough with the embarrassing stories for now. Today I’m going to talk about one of the most fundamental rules in emerging technologies. It is very simple and goes as follows. + +&#x200B; + +* The network effect is king. + +&#x200B; + +I cannot emphasise this enough. Coming into the crypto space I was already aware of the network effect. Just incase anyone here is unaware of the network effect, some dictionary app built into my MacBook defines the network effect as *a phenomenon whereby a product or service gains additional value as more people use it*. It’s why everyone uses Facebook Messenger or WhatsApp despite the incredibly invasive data tracking and despite the existence of private, secure, end to end encrypted alternatives such as Signal or Wire which are just as easy to use. Nobody wants to be “that guy” who makes their friends sign up to a new service just to stay in touch with each other (for the sake of helping people take online privacy more seriously, please be “that guy”, I will love you long time). The fact that you can join and have all of your friends already there in the app ready to interact with gives these platforms more value than other platforms which are fundamentally better. + +&#x200B; + +Unsurprisingly, crypto is no different. It’s why Bitcoin is still #1. The vast majority of people in crypto have a Bitcoin wallet and most people on the street have heard of Bitcoin even if they don’t know what it is. So if your store wants to accept Bitcoin or your website wants to accept donations, Bitcoin is the most obvious go to since most people will recognise the Bitcoin logo and anyone who owns crypto will almost certainly own some Bitcoin. However, if you display an ETH address, only those who truly delved deep into crypto and understand the advantages of Ethereum will have an Ethereum wallet. Just like how only the more privacy conscious individuals will have heard of or use Signal or Wire for messaging apps. + +&#x200B; + +Now here is where the network effect is important for us. As everyone in this sub should know, Ethereum is a turing complete ‘world computer’ whereas Bitcoin is strictly a payment network or digital store of value depending on who you ask. This clearly indicates that Ethereum’s potential market is much larger that Bitcoin’s since it can do what Bitcoin does and has dozens of other use cases like being a global settlement layer, tokenisation of digital and real world assets, insurance, supply chain tracking etc etc. The list goes on. Most importantly, in the field of this ‘world computer’ ultimate use case for blockchain which Ethereum is chasing after, ***Ethereum has by far the largest network effect.*** + +* At the time of writing this, Ethereum’s market cap ($26B) is more than 10x larger than its next largest competitor, EOS ($2.5B). +* [Ethereum has 4x more developers than any other crypto ecosystem.](https://consensys.net/blog/blockchain-development/ethereum-has-4x-more-developers-than-any-other-crypto-ecosystem/) +* The top 37 tokens by market cap are built on Ethereum and 90 of the top 100 tokens are built on Ethereum. +* Decentralised Finance is almost exclusive to Ethereum. Alternatives such as Just on Tron has a measly [$100,000 of USD](https://www.coingecko.com/en/coins/just-stablecoin) minted compared to MakerDAO’s [$124 million dollars worth of DAI.](https://www.coingecko.com/en/coins/dai) + +&#x200B; + +So what will it take for one of the many Ethereum killers to flip Ethereum? If you ask me, Ethereum’s head start is so large that even if the Ethereum ecosystem were to tear itself apart over a contentious hard fork I still wouldn’t be betting on a competitor to flip Ethereum’s largest fork unless we start to see some real adoption and infrastructure such as DeFi on these ETH killer chains. Ethereum being flipped seems about as plausible as Signal flipping WhatsApp. It’s pretty much a pipe dream. + +&#x200B; + +But what about Bitcoin then? Does this mean that Ethereum will never flip Bitcoin either? No, of course not. In fact, [Ethereum has already flipped Bitcoin in terms of daily value transfer on the network thanks to stablecoins.](https://www.bitcoininsider.org/article/85782/bitcoin-and-ethereum-networks-transfer-same-value-stablecoins-grow) As previously mentioned, Ethereum has a larger market to fill, so assuming the success of both Bitcoin and Ethereum, the flippening is almost inevitable. Like smart phones flipping basic mobile phones, it may take a while bit it will happen. It will take more time than many of us expected back in 2017. + +&#x200B; + +As mentioned at the beginning, this is part 3 of a series of posts I will be making. You can find [part one](https://old.reddit.com/r/ethfinance/comments/gt9bca/daily_general_discussion_may_30_2020/fsdio8e/) and [part two](https://old.reddit.com/r/ethfinance/comments/gtttgi/daily_general_discussion_may_31_2020/fsehy3n/) here. +Was watching bitcoin Miami on YouTube the other day while doing some work at home. In between key notes 2 guys sat at a table with Kevin O'Leary to discuss bitcoin and the main guy at the table called attention to another about not using the bad word and that a key note speaker had unfortunately used the bad word. How sad is that? Maxis are simply out of touch with reality. + +Thats all I got. That really upset me +I honestly love the fact that I can deny access to some of my data thanks to Apple iOS. But: isn‘t it scary that Apple can protect my data just like that with a button when all the world‘s regulation (e.g. GDPR in Europe) could not? + +Source: +https://www.cnbc.com/amp/2022/02/02/facebook-says-apple-ios-privacy-change-will-cost-10-billion-this-year.html +I'm kind of done with all the panic posts. I'm confident in my portfolio and will DCA into multiple positions over time. What are your picks to buy during this time? + +Personally looking at $INTC and $AMD so far. +Hey Maple Apes! + +We're really about to start seeing some action up North soon. We're patient. We're polite. We've waited our turn. + +I have paid my transfer fees. The shares have left my account. The days have turned to weeks. Soon DRS going to hit. I have seen lots of Apes the in exact same position. Waiting.. Waiting.. Waiting.. + +While our neighbouring American Apes have had Gamestop gear for ages, we've watched the clock wind back from a late September release, to this coming week. Gamestop branded clothing is finally becoming available north of the 49th. In the meantime, I've started collecting Funkos. + +As Gamestop transforms their Canadian stores and releases new products, I will continue to buy, hold, DRS, pre-order, and do it all while wearing some fresh new clothes. + +CAN'T STOP + +WON'T STOP +Hey Maple Apes! + +We're really about to start seeing some action up North soon. We're patient. We're polite. We've waited our turn. + +I have paid my transfer fees. The shares have left my account. The days have turned to weeks. Soon DRS going to hit. I have seen lots of Apes the in exact same position. Waiting.. Waiting.. Waiting.. + +While our neighbouring American Apes have had Gamestop gear for ages, we've watched the clock wind back from a late September release, to this coming week. Gamestop branded clothing is finally becoming available north of the 49th. In the meantime, I've started collecting Funkos. + +As Gamestop transforms their Canadian stores and releases new products, I will continue to buy, hold, DRS, pre-order, and do it all while wearing some fresh new clothes. + +CAN'T STOP + +WON'T STOP +Hey Maple Apes! + +We're really about to start seeing some action up North soon. We're patient. We're polite. We've waited our turn. + +I have paid my transfer fees. The shares have left my account. The days have turned to weeks. Soon DRS going to hit. I have seen lots of Apes the in exact same position. Waiting.. Waiting.. Waiting.. + +While our neighbouring American Apes have had Gamestop gear for ages, we've watched the clock wind back from a late September release, to this coming week. Gamestop branded clothing is finally becoming available north of the 49th. In the meantime, I've started collecting Funkos. + +As Gamestop transforms their Canadian stores and releases new products, I will continue to buy, hold, DRS, pre-order, and do it all while wearing some fresh new clothes. + +CAN'T STOP + +WON'T STOP +In 2017, Robert Cohen, Co-Chief of the SEC Enforcement Division’s Market Abuse Unit completed an investigation as head of a team that went after Citadel. Citadel paid $22 million for misleading clients about pricing trades. (Article link below) + +[https://www.sec.gov/news/pressrelease/2017-11.html](https://www.sec.gov/news/pressrelease/2017-11.html) + +(TL;dr of this article: Citadel ran two algo's that did not give investors the best price available in the market to purchase securities) + + Where Robert Cohen now? + +https://preview.redd.it/kscozf4j2e271.png?width=2314&format=png&auto=webp&s=6d7ac831a1cf96757ea79b0d36a0f7ac8456f814 + + + +&#x200B; + +I looked up Robert Cohen...thinking that maybe he would continue to fight the good fight and pursue Citadel. Boy, was I wrong. Mr. Cohen now works for Davis Polk. [https://www.davispolk.com/professionals/robert-cohen](https://www.davispolk.com/professionals/robert-cohen) + +Davis Polk are attorneys for Citadel, Robinhood, Schwab, and a number of other financial power houses. + +&#x200B; + +Davis Polk also had a great Associate named Elizabeth Coe from 2001-2009. Elizabeth Coe now works as: Deputy General Counsel at Citadel! Wow...what a coincidence. + +&#x200B; + +https://preview.redd.it/ramxqy262e271.png?width=2027&format=png&auto=webp&s=2b7e27cbfe6606f96f204df9a8b84eb86e9c339a + +&#x200B; + +https://preview.redd.it/d8iit0o03e271.png?width=791&format=png&auto=webp&s=85016743dd35d4d2039ec2e49bc1b72ce6ea40b2 + +So Citadel hires a former associate at Davis Polk & Wardwell to be head general counsel. + +Robert Cohen leaves the SEC after pursuing Citadel and executing litigation against them. + +So...Davis Polk & Wardwell. Here's a name I haven't heard in this saga yet. Wut doing? + +[https://www.courtlistener.com/docket/58978688/parties/curiel-ruth-v-robinhood-securities-llc/](https://www.courtlistener.com/docket/58978688/parties/curiel-ruth-v-robinhood-securities-llc/) + +&#x200B; + +https://preview.redd.it/qjfl46pz4e271.png?width=2091&format=png&auto=webp&s=d9fdb4361dc24f7b2e44e6800ad4f2e3e48e427c + +A lawsuit filed against Robinhood required more counsel from Davis Polk & Wardwell LLP. +Whom did Citadel and Robinhood retain? You guessed it! + +https://preview.redd.it/hbayb9g14e271.png?width=1935&format=png&auto=webp&s=d3d6dd01381f33215e12873486c438045d85a00b + +Tl;dr +Citadel and Davis Polk & Wardwell / the SEC are engaged in a three-way exchange of talent. + +The person that spearheads litigation against Citadel now works for the firm that is retained by Robinhood and Citadel. The corruption knows no bounds. + + +&#x200B; + +https://preview.redd.it/7k0ye2a55e271.png?width=564&format=png&auto=webp&s=e17621a7208a867ebc890332b68aaf78ad420a1c +Illinois does not tax retirement income, and the law does not make a distinction between income from roth conversions and income from withdrawals. + +What this means is you can save money by doing a Roth 401k conversion instead of contributing to a Roth 401k instead. + + +An Example: + +Scenario 1. Your income is $100k, you put $20k into Roth 401k(after tax). You pay tax on 4.95%, you pay $4,950 in taxes. + +Scenario 2. Your income is $100k, but you contribute 20K to traditional 401k, and then rollover that $20k to Roth 401k. Your income is still $100k, but $20k of that is "retirement income" and thus untaxable in Illinois. You pay 4.95% of $80k, or $3,960. + +**Things to keep in mind:** + +1. This does not save any money on Federal taxes. + +2. You will need to increase your federal withholding accordingly to cover the income from the Roth conversion. If you do it right, your paychecks should be the same as when you were contributing to Roth directly before. + +3. This will make your taxes slightly more complicated. + +4. This will only be useful for Roth IRAs if your income is low enough to have deductible IRA contributions. + +5. If you are in a high federal tax bracket and plan to LEANFire, sticking with traditional 401k might be better than utilizing this loophole. + + +Disclaimer: I am NOT an accountant, please confirm with your accountant first. + +Edit: I don't recommend moving to Illinois just for this, I really meant this post just for people that happen to be in Illinois. Our taxes are terribly high even with the loophole, don't come here. +I am looking at you CaVirtex!! Anyone else who needs to be on the list? + +-Cavirtex + +-Bitstamp apparently holds VERIFIED users funds, when they arbitrarily ask for more verification. + +-MtGOx (WAS famous for this) + +Edit..Creating a captive audience is something we should and can expect from banks. + +Original reason for posting this. http://www.reddit.com/r/Bitcoin/comments/23fnw8/cavirtex_account_frozen_help/ +I've been seeing posts lately about getting yourself a strong financial support team, but nothing about a strong mental health support team, we're all about to go through an INCREDIBLY shocking event, and afterwards we're gunna need help processing all of this, and learning and unlearning behaviours. So I wanted to highlight some reasons why apes should consider therapy. + +First off, I can't stress enough how amazing having someone to talk to about anything is. You're paying these people to listen to and help with your problems, and it's wonderful. + +Second, I can imagine a lot of you are like myself, and have trouble saying "no" to people in life. Therapists can help with this, I have gotten significantly better at saying no to people, but I still struggle with those closest to me, learning this early will save you a lot of frustration in the long run. + +Third, you want a team if you're dealing with any mental health issues like myself. You're gunna want a psychologist to help with any diagnosing and any psychotherapy you may need or want, psychiatrists are for medication needs if you choose/need to go that route, and there's absolutely no shame in this. Then there are a plethora of different therapists out there to help with any other needs you may have, and your team of doctors can help assess all of that with you. The best part is, we no longer need to worry about what prices they may charge. + +Fourth, the shock of getting this kind of money and what to do next with the rest of your life. No matter your age, we're all gunna walk away from this with enough money to retire happily. What to do with the rest of your life may be harder to fill than you realize. I just turned 27 a few weeks ago, I've got a lot of life left to live, I'll run out of places to visit and things to see, and I know I'm not the youngest ape here. Eventually the novelty of travel or sitting on a beach drinking from a coconut everyday will wear out. Maybe some of you this doesn't apply to and you can spend the next 40+ years living on a beach, but most of us won't be able to easily transition from a working life to a non working life. This is another great reason for therapy, to help transitioning our lives to a non working life, they'll be able to suggest ways to stay active, or ways to deal with the long periods of your day where there isn't much to do cuz you're bored with absolutely everything. + +Fifth, you may find the money going straight to your head, and a therapist can help keep you grounded in reality and not let the money turn you into a raging doucher. + +There are countless more reasons to go to therapy, but I think these are some solid starting points that we're all gunna need to consider. + +Much love and peace ✌ + +Obligatory 🚀🚀🚀🌕🌕 + +Edit: typo +Wrote a lil blog with some tips to help grow a small trading account! Here it is: + +Almost every trader that is brand new to the market starts off by trading a small account, as they should. After all, why dive into the high-risk world of day trading with all of your hard-earned life savings at risk? It's best to start small and slowly grow your account, or even add more to your account in the future when you're more confident in your trading. However, most people dream of starting a small account of a few hundred or a few thousand dollars and growing it one trade at a time, which is obviously easier said than done. In this post I'll be sharing some tips and tricks that can help you **grow a small trading account**. Most of these I even used myself when I first got trading and I believe they played a big role in helping me grow my account. + +Before getting to the good stuff, you may be wondering why it's actually more difficult to trade a small account than a large account. The main reason for this is because of the **P**attern **D**ay **T**rader **(PDT)**Rule. The PDT rule limits U.S. based traders with less than $25,000 in their trading account to only 3 day trades per 5 business days. Further limitations are placed on accounts that break the PDT rule by placing 4 or more day trades within a 5 business day period. + +The PDT rule was put into place by the SEC with the hopes that it would protect new traders from trading too frequently and quickly losing their money. In reality, a lot of time what it actually does is forces traders to hold risky positions overnight that they would rather exit the same day, due to them not having anymore day trades available. + +There are a few ways that new traders can, in a way, get around the PDT rule to be able to place more day trades. First, they can look into opening an offshore trading account. Now, I know it sounds a bit sketchy... but opening an account with a reputable brokerage based outside of the U.S. is a legitimate way to get around the PDT rule. The reason this works is because the PDT rule is for U.S. traders and if your money is in an account outside of the U.S, you're free to trade as much as you'd like! + +Another way to increase your number of day trades, without opening an offshore account, is to have **multiple brokerage accounts**. For example, if you have $2,000 to start trading, you could open 2 separate brokerage accounts with $1,000 in each and will then have 6 total day trades per 5 business days *(3 with each account)*. If you're starting with a larger amount of money, but still under the $25,000 PDT minimum, you can even open more than 2 trading account if you'd like and will have 3 day trades in each one! + +One issue you may run into using this method is that you can only have one margin account per brokerage. **Margin accounts** are required if you're someone that short sells or plans on doing some short-selling. Because of this, you should have separate accounts with entirely different brokerages. For example, one account with Etrade and one with TD Ameritrade. + +Aside from the broker that you're using to do your trading, there are of course actual trading techniques and strategies that you can do with you small account that will give you better chances of growing over the $25,000 PDT minimum too. One of those strategies is to simply learn swing trading. You'll still be able to use your 3 day trades per 5 business days, but if you really want to put your money to work while your account is under the PDT rule, being able to profitably swing trade is an incredible way to grow your small trading account. + +A **swing trade** is just a position held anywhere from a few days to a few weeks. This is different from day trading, which is when you exit your position the same day that it was opened. The nice thing about swing trading is that there are no limitations on how many swing trades you can place, even with a small account. One great way to swing trade is to follow stocks that already have momentum. By doing this, you're following the stock's trend rather than trying to fight it! *"Follow the trend. The trend is your friend." -* [Jesse Livermore](https://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore) + +You can use a screener like the one here on [finviz.com](http://finviz.com/) to find stocks that already have some upward momentum. To do this you may include "Performance +10%" over the past week while screening. This will give you a list of that have gone up at least 10% in the past week. Of course, you'll want to narrow it down further but this is a good way to at least start searching for some stock with some upward momentum that you may be able to get in on. + +The next tip for growing a small trading account is one that should be used regardless of the trading type that you're doing, whether it's day trading or swing trading. **Risk proportionally** to your account size. This means that, for example, if you would be risking $250 to $500 with a $25,000 account... you should only be risking $25 to $50 with a $2,500 account. It's important to know your max risk before entering a trade and using the proper position size based on your risk. + +Doing this will help you **prevent** any major losses and save you from blowing your entire trading account with just one bad trade! + +Hopefully instead of having to worry about blowing your trading account, you'll have to worry about my next tip. Don't remove your profits from your trading account. When you first start making some money it can be very tempting to move those profits straight into you bank account, but you'll never grow your trading account this way. In my opinion, you should maybe give yourself some milestone payments along the way, but keep a majority of your profits in your account until it's grown to your goal account size. By "milestone payments," I mean maybe withdraw some profits once you grow your account to $10,000 or $15,000, rather than randomly after you've made any profits at all. + +Hope you found this helpful! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +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! + +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +So I've been at my current job just over 4 years and had been feeling less than enthusiastic about the day to day. Having my resume posted online resulted in a job offer from a bigger company (current job is extremely small - 4 employees not counting owner) with better benefits (current benefits are not much to write home about). + +New job wanted me to start 12/30 and when I gave my two weeks to my boss (who has treated me great this whole time) he asked if I could give him two more. The new job agreed to push back my start date. + +That start date is a week from today and last Friday the boss asked me about possibly staying on another month or two while he finishes up some other business matters. He alluded to "making sure I'm taken care of" - possibly some off the books late Christmas bonus type deal? Along with helping out with getting another job assuming the one I've been hired at doesn't gel with me extending my start date another 30-60 days. + +Looking for advice as I weigh my options. I could use the "bonus" to pay off some credit card debt and the last $1000 of my car note in theory. Not sure if that is worth losing this other opportunity over (stable job, similar industry, cushy corporation, voted one of the best workplaces in my city multiple years) even though I would be taking a slight pay cut to start (losing a little over $3/hr taking the new job). + +Appreciate any advice in advance! +⭐️ HyperCoin Website: https://hypercoincommunity.com ⭐️ + +🔹 Telegram: @thehypercoin 🔹 + +🔹 Instagram: @hypercoincommunity 🔹 + +💠 Twitter: https://www.twitter.com/TheHyperCoin 💠 + +🔥🔥🔥 HyperCoin THEME SONG!! https://www.youtube.com/watch?v=LFwGnvfVI6k 🔥🔥🔥 + +For the community! We are ANTI-RUG! Not a pump & dump! 1000x potential! + +🪐🪐🪐🪐 TAKE THE HYPERCOIN CHALLENGE! https://www.imgur.com/xKBfd5b.jpg 🪐🪐🪐🪐 + +The mysterious dev who renounced $hypercoin left us a little challenge. This token was made as a social experiment for sure! It shows how greedy people really are – we all want to take our profits before everyone, and we don’t trust anyone to not do the same. This challenge is meant to unite us! + +Sick of getting rugged? We are too. The team behind this coin got in on $COMET around the same time, and got REKT. By a dev selling tokens from their wallet. During that time there was an active voice chat. We stayed and chatted for hours, looking for the next moonshot. This is where we strumbled upon $HyperCoin - a coin with SOLID fundamentals, thrown out into the BSC, entirely community driven. + +Our #1 wallet holder is an active community member, and is very active in the Telegram voice chat. + +WE HATE $CAMS! Seriously, even if you aren't gonna buy the coin join the TG. Some serious knowledge in there. + +Token details + +$2.3M mcap + +INSANE organic growth in the first 4 days. 25 - 1,395 HODLers. Come be the 1400th. + +24/7 Friendly Telegram Voice Chat with admins/whales! + +Tokenomics + +💎 7% Transaction fee 💎 + +5% of all transactions are automatically locked up to the PancakeSwap LP, which provides more liquidity. 2% is returned to holders as a small way to say thank you. Auto-liquidity will ensure stability of the liquidity pool. + +💎 Fair Launch 💎 + +💎 Liquidity Burned💎 + +👌🏻 Ownership Renounced 👌🏻 + +We have already locked up our diamonds up in the vault, and you can see them here. Unlike the govt hiding their gold, ours are visible. + +✅ TOKEN ADDRESS: 0x95B7B114870ad2A67Ba910bac614C876913D60CA 💵 + +♻️ 5% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY + +💎 2% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS + +🚀 Get in now, join the 24/7 TG VOICE CHAT! JOIN THE HYPE! 🚀 + +Make sure to check out the website for full details! + +Hyper Coin +Hyper Coin - Hyper Coin +HYPER COIN +"THE RUG KILLER" BUY ON PANCAKESWAP +Contract Address +Copy: 0x95b7b114870ad2a67ba910bac614c876913d60ca 7% +Transaction Fee 5% +Fee Automatically Goes +Back into Liquidity 2% +Fee Automatically +distributed +Hey guys, I know there's been infinite shitcoins going around here but here's something a little different. + +RISK HORIZON is a new IDO platform to launch presale and make the UI more approachable to new crypto investors, since in the current the DeFi space, the presale UI is very unapproachable. + +**At the time of this post (Mar. 30th @ 12PM) the market cap is 400K right now. Still super early.** + +$RISK HORIZON THE BRAND NEW PRESALE PLATFORM ON IT'S WAY TO THE MOON. DON'T MISS OUT. + +Recently passed an audit by BSCCHECKER + + +**EDIT: \*Devs just posted there will be a working beta in the next 2 hours/3PM EST Mar. 30th\*** + +**GET IN ON THE LAUNCH, PRESALE SOLD WITHIN 5 SECONDS AND LIQUIDITY LOCKED FOR 25 YEARS.** + +Smart-Contract based BEP-20 token that penalizes sellers and rewards holders! Static reward, auto-liquidity generating, and dump proof! A trust-less fully decentralized protocol. + +Roadmap + +**Building the foundation** + +Here, our main focus will be marketing and listing. We will use the marketing tokens in order to fund efforts to grow the coin. We will also work towards being listed on CoinGecko, and CoinMarketCap, as well as start the application process for a White-Bit listing. + +**IDOPLATFORM** + +Here, we will release a brand new IDO platform, much like DxSale, compatible with Ethereum Layer-2, Matic, Solana, and of course, BSC. This platform will have an immense feature list that includes liquidity locking and token generation + +**Simplifying things** + +Here we will start listing on as many exchanges as possible, with a focus on White-Bit, among others + +Website: [https://defihorizon.app/](https://defihorizon.app/) (Currently in beta Stage/Demo Mode) + +Discord: [https://discord.gg/RXTyZAxtXf](https://discord.gg/RXTyZAxtXf) + +Telegram: [https://t.me/riskhorizon](https://t.me/riskhorizon) + +Total Liquidity: 1,000,000,000,000 RH + +BSC Scan: [https://bscscan.com/token/0xFF13b4aaA61C3a4C257A754d259f91A6f34Bf899](https://bscscan.com/token/0xFF13b4aaA61C3a4C257A754d259f91A6f34Bf899) + +25% Supply Burned: [https://bscscan.com/tx/0x6954ffa1b35a4e813a951898a08463af965220bd46ce1cbfa2a6a58021bc3814](https://bscscan.com/tx/0x6954ffa1b35a4e813a951898a08463af965220bd46ce1cbfa2a6a58021bc3814) + +Pancake link: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xFF13b4aaA61C3a4C257A754d259f91A6f34Bf899](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xFF13b4aaA61C3a4C257A754d259f91A6f34Bf899) + +ONLY 792 HOLDERS RIGHT NOW. Get this on sale friends and lets go to the moon + +DYOR GUYS +I discovered volume profile about a month ago. Scalping based on high volume and low volume nodes I’ve had about an 80% win rate and one red day in past 3 weeks. + +Is anyone experienced with VP as the foundation of a strategy? +I recently watched this clip (NSFW) https://m.youtube.com/watch?v=xdfeXqHFmPI&time_continue=16 from the movie The Gambler. + +I'm almost there but I don't see myself stopping actively trading my accounts. + +Does anyone have a cautionary tale where you achieved it all and then suffered a setback where they were no longer FI? The kind where you kept taking the same kind and level of risk that got you to your goals which ultimately unseated you. + +Edit: I don't want this to focus on the viability of my twist on the buy low, sell high post correction strategy. I'm looking to see if others have seen first hand how people who have achieved FI modified their investing mindset or stayed with the same methods that helped them achieve their goals. + +And why I'm looking to still use this strategy is not so I can buy a yacht or fancy car. We have three kids none of whom could afford a home in this region and certainly would have to choose between a family or home ownership. + +If I can continue to grow our NW to help them achieve a lifestyle at least comparable to what I enjoyed at their age, I feel we should even if that risks our FIRE status. + +Thanks for the input. +Hi all. I've been seeing RV campgrounds as an investment vehicle more and more. They are listed in my MLS, I stay in them as a tourist. **Wondering if anybody here is experienced investing in and/or owning them and what their experience has been like?** + +For example, I recently stayed at a campground that had maybe 2 acres total, but prime location- facing the sea. Expensive little beach town in Alaska, lowest hotel rate off-season $200/night. In comparison, this campground charged $65/night. 85 campsites total, all with full water/electricity hookups. 8 (impeccable) full bathrooms on site. During the summers, in full season, I wouldn't be surprised that park is fully booked for 4 months straight. Even at 80% occupancy, we'd be looking at: + +$65 per night/per campsite\*85 spots \* 80% occupancy = \~$4,500/day or $130k/month. Multiply that times 4 hot months of the year, and you've got yourself a killer business. + +So, what am I missing here? Are the utility bills for 85 RVs through the roof? Is the problem the occupancy rate (80% is too generous), or is buying in the right location the bottle neck? Is it the crowd you get? Or the fact you'd have to employ at least 1 person full time and subtract their salary? Why isn't everyone doing this? + +Thanks investing fam. <3 +One of the unit in my multi became vacant and I am considering ditching the low hanging ceiling fans. One in the kitchen and one in one of the two bedrooms. Any thoughts? + +https://imgur.com/a/Jy6Ra0W +Every month have to demand rent. Landlord’s fault is that they been letting it slide but this time around had a decent exchange of words and made it clear that past late fees are written off but going forward late fees is due. And shamelessly they still just paid the rent and totally ignored the late fees. + +Since landlord has been letting it slide last few months, does that become the new norm/lease terms legally? The exchange of words about late fees was via text (considered in writing?) + +Best course of action? Serve a “cure the default by paying late fees or eviction” notice? Talk personally? + +Should they Stop charging late fees the day rent was paid? Lease says rent payment first covers late fees and then remaining portion goes towards rent. Late fees is not to get rich but to keep them to pay on time and miserably failing due to lack of enforcement initially. They are ok tenant keep the place super nice and clean. Just always late on rent! Ugh! +In other words, what gives you the best ROI when it comes to rehabbing/renovating. + +I'm assuming there are certain improvements that won't really increase your potential rent or selling price. Any of those you would avoid? + +And of course, different demographics are looking for different things, so I guess it could depend on who your target market is, and where you're located. Also buyers and renters tend to want different things, so depends if you're flipping or renting out. +I know this generally sounds like a horrible idea. But the town I am looking at (3 hr drive from me) has 3-fanily houses for $60-100k and even a few larger properties for only $15-25k per unit. + +The largest employer in the area closed down around 10 years ago and population has declined from 36,000 to around 10,000. They are working on revitalizing the downtown area and brining life back to the town. It is also very close to great hiking, skiing, snowmobiling, ATVing, etc. + +I have been running the numbers on many of the properties for sale, and even with SUPER conservative numbers the properties still turn a great cash flow. Even putting a chunk of change into renovating the apartments, they would still cashflow from day 1. And due to it being adjacent to all these outdoor activities I think it would also do well having a unit as an AIRBNB. + +I posted a feeler ad on Craigslist to see if apartments were in demand and got 10+ responses in less than a day. + +I am new to this and it would be a great way to get started for a lower cost, but wondering if I am missing something here or maybe found a hidden opportunity? +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. +Two young fish swim along in the sea. They meet an older fish who casually greets them: “Morning, boys. How’s the water?” The two youngsters swim on for a bit, before one eventually turns to the other and asks: “What the hell is water?” + +Robin Wigglesworth, the financial writer, relates this story as an illustration of one of the most pervasive phenomena in modern day capitalism, one so ordinary and widespread that we don’t see it or think about it much. It’s called index investing and it has changed everything. + +In a new book — Trillions: How a band of Wall Street renegades invented the index fund and changed finance forever — Wigglesworth reminds us quite how extraordinary this rise has been. Over the past decade, 80 cents in every dollar put into the US investment industry has ended up being channelled through only three groups: BlackRock, Vanguard and State Street. Together, the three index giants own more than 20 per cent of all US-listed companies and account for 25 per cent of the shares that are voted on. About $26 trillion is now invested passively worldwide, blindly and mechanistically put into the shares of companies purely according to their membership and weighting in share market indices. Tracker funds, invented in the early Seventies, are coming to dominate the investment world. + +Low fees, low trading turnover and the sheer difficulty of lastingly picking winning stocks mean that passive funds have relentlessly outperformed the actives. Billions of dollars that used to go into the pockets of the financial services industry now boost the pension pots and savings portfolios of ordinary people. Paul Samuelson, the Nobel prize-winning economist, placed the invention of the index fund alongside the wheel, the alphabet, the printing press, wine and cheese as one of mankind’s greatest achievements. + +It wasn’t always so obvious. The first index funds were met with derision and hostility. Why on earth would any investor settle for average, it was asked? One financial research group dubbed them “unAmerican”. In 1977 Institutional Investor magazine declared: “Indexing is likely to be an idea whose time will pass.” + +Jack Bogle, regarded as the father of index funds and the founder of Vanguard, managed to raise a paltry $11 million for his first passive fund in 1976. But the innovation was soon to explode in popularity. Today Vanguard manages more than $7 trillion. BlackRock is even bigger, at more than $9 trillion. State Street, another US corporation, is the third player in this dominant triopoly. + +Sadly, this is an area where the City largely failed to seize what was to be a gigantic opportunity. Legal & General is the closest we have to a premiership passive house, with a respectable £1.3 trillion of assets under management, but its share of cake is far shy of any of the Big Three. + +Barclays, in a moment of genius in 1995, bought the fledgling Wells Fargo unit in San Francisco, developing some of the most interesting passive products including iShares, combining it with the former BZW to create Barclays Global Investors. But it sold BGI to BlackRock in 2009 for a mixture of cash plus a 20 per cent stake in BlackRock and then sold that stake in 2012. It turned out to be a costly mistake. Barclays, which admittedly desperately needed the cash at the time, has waved goodbye to something like £25 billion (my estimate, not Wigglesworth’s) by selling out in those two stages. BlackRock today weighs in at $128 billion, its share price more than quadrupling since 2012, and Larry Fink, its chief executive, is lauded as the modern day king of Wall Street. How different things might have been. + +There have long been criticisms made of passive. Paul Singer, the hedge fund manager behind Elliott Management, describes passive as a “blob” that is “in danger of devouring capitalism.” Passive houses are “lazy, inattentive stewards of assets”, who encourage corporate sloth and waste, he argues. + +Not all of this can be dismissed as sour grapes. The index funds have become gigantic and the tail is starting to wag the dog. It’s no coincidence that the quadrupling of the Tesla share price coincided with the period just before and after it entered the S&P 500. + +Indices are largely weighted according to the constituent companies’ market value. That has the distorting effect of pushing up the valuations of the largest companies. Twenty cents in the dollar invested in US trackers goes into the shares of the biggest five stocks. Ten years ago, the biggest five accounted for only ten cents in the dollar. + +Shares in Elon Musk’s Tesla quadrupled as it entered the S&P 500 It can, in theory, become a self-fulfilling prophecy. The sheer scale of flows into index funds can swamp the effect of active managers who see individual company valuations getting frothy and sell. “Active managers are in effect competing against a rival who controls and influences the yardstick of success,” Wigglesworth suggests. Constantly shovelling cash into the shares of companies purely according to their size, rather than their future prospects, cannot be a good idea if everybody does it. Index funds are at best the free riders hitching a lift on the work done by active managers. At worst, they may be puffing up a bubble. + +The passive houses are acutely aware of how their dominance and influence are starting to raise suspicions and are responding. Last week BlackRock announced plans to hand its institutional clients the power to cast votes on the resolutions of companies they indirectly own through BlackRock. At a stroke voting power over $2 trillion of assets passed a little bit closer to the actual owners at the end of the investment food chain. + +Wigglesworth has written an important book. Passive has mostly been a boon, but its impact in future may not be so benevolent. Investors, companies and regulators need to apprehend the water they are swimming in. +I posted this initially on r/pregnancy, but a helpful commenter suggested this sub would have more insight. I hope this sort of question is allowed. + +I was checking my registry on Buy Buy Baby and someone I’ve never met bought about $100 worth of items. These items haven’t been delivered to my home, but honestly I’m freaked out. + +No one in the family has heard of her. She’s not on the invite list or affiliated with anyone who was invited (it’s a small shower, so it was easy to track people down and ask if they knew her). The registry info on the person gave a fake address that leads to an empty lot in a city I’ve never heard of in my state, according to my friend google. I feel like this is a scam, but how? I didn’t give anyone outside my family the link to my registry. I would never share the registry link publicly online. Unfortunately, the registry wasn’t marked as “private” because certain family members would “lose” the affiliated link and preferred searching by my name. + +Has this happened to anyone? How concerned should I be? What would you all do? I’m envisioning Lifetime movie horror scenarios surrounding blackmail, kidnapping, and murder. + +Edit: thank you to everyone who has replied. You’ve all reassured me that this might not be malicious and, even if it is, there’s little threat to my family’s or finances’ safety. I really appreciate you all taking the time to sooth this pregnant lady’s fears! ❤️ + +Edit 2: after reading through the comments, I feel like this situation is definitely not a scam (yay!) and it’s one of three situations: + +1) it was an honest mistake and someone was trying to buy a gift for Amy Smith and instead found me Amy Smyth (names are fake, of course). We will find out if/ when they arrive and I’ll try to return them so they go to the correct recipient; + +2) someone I know borrowed a friend’s or family member’s account to purchase the items, which would display the incorrect name. This person will be shamelessly teased for unnecessarily freaking me out because I asked those who were invited (it’s a small group) to the shower if they were the person in question and no one knew who she was; + +3) a very generous person likes to play Santa Claus and buy items off stranger’s registries to “pay it forward.” If so, they will get a very grateful thank you note, and maybe a picture of my sonogram or dog. Or both. +I have seen several posts claiming higher capitals are easier to get higher return than smaller capitals ([here](https://www.reddit.com/r/thetagang/comments/wyyd84/dad_has_600k_and_needs_to_make_3k_per_month/) and [here](https://www.reddit.com/r/Daytrading/comments/xg99t2/say_you_have_a_250000500000_cash_would_it_be/)). I don’t get the idea behind this. My instinct tells me that larger capitals should get smaller return. I hope anyone can give me some examples of easier earnings for larger capitals. +I've had a lot of questions about what to do about UASF. The answer will be clear to you in a few sentences. + +Put simply, SegWit is a major on-chain scaling upgrade to bitcoin. It also fixes a bug that prevents off-chain scaling from working well. + +**SegWit will increase transaction throughput on-chain by 100% and by untold percentages off-chain.** + +It was developed by the best developers in crypto-currency and it was thoroughly tested before being deployed. + +But some **miners want to keep transaction throughput low because that drives fees higher**. And as it was set up, a small group of miners can prevent the activation of SegWit. + +But UASF will end that impasse. If you run a UASF node, on August 1st you, along with everyone else in this protest, you will **boycott any miner that does not signal for the activation of SegWit**. You will be part of creating a blockchain that will activate the features discussed, developed and tested by the bitcoin community. You will leave behind the legacy chain that is stagnating and unable to handle today's transaction demands. If you want more transaction throughput and lower fees SegWit will provide it. + +By August 1st, run a UASF node. Tell your wallet provider to run UASF nodes. Tell your exchange to run UASF. Tell miners that you will reject their blocks on August 1st if they don't signal to activate SegWit. + +Right now, start saying "I support UASF". Put it on every reddit comment you post in r/Bitcoin, on every tweet about bitcoin, on Facebook, on Medium. + +TAKE BITCOIN BACK from a small cabal of miners. + +**I support UASF** + +**Boycott Miners Against SegWit** + +**Boycott Miners who constrict the blockchain** + +**Activate SegWit Now with UASF** +Would be nice to have a sub thats not for loss porn and gain felxing and stupid options and stuff, what about a sub where people share interesting scholarly articles and the latest publications. I just think this would be a much more informative sub. + +if i am rarted and it already exists lmk. + +thanks +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! + +Some stock markets like Dow Jones,DAX and the crypto markets are already on a (slight) downtrend for quite some time. Other (financial) crises are also intensifying around the world (between countries like Russia/USA, Europe, Africa, North Korea, ...). + +After the big financial crisis of 2007/2008 we are probably getting into a recession again. What would happen if a financial crisis like the one in 07/08 happens again? + +Normally in a Countercyclical fiscal policy this would mean that banks are lowering their interest rates so that people spend more money than saving thus the economy goes up again. Saving your money in banks doesn't makes sense with sub 1% (or even sub 0%) interest rates. + +What does this mean with cryptocurrencies? Do people tend to save more money into cryptocurrencies in financial crises or do they tend to spend more money into the economy than saving money? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Craig Wright's fraud continues. Yesterday, he [submitted into evidence](https://www.scribd.com/document/406503654/Fake-email-from-Dave-to-Uyen) an email he says was from Dave Kleiman to Uyen Nguyen asking her to be a director of his 'bitcoin company' in **late 2012**. + +It is provably fake. + +**Craig didn't realize that the email's PGP signature includes a signing timestamp along with the ID of the key used as metadata.** Was the email actually sent **in 2012**? Let's find out! + +The beginning of the signature is as follows: iQEcBAEBAgAGBQJTH+uQAAoJELiFsXrEW+0bCacH/3K + +Converted to hex, it's: 89 01 1c 04 01 01 02 00 06 05 02 *53 1f eb 90* 00 0a 09 10 **b8 85 b1 7a c4 5b ed 1b** 09 a7 07 ff 72 + +We [know](https://tools.ietf.org/html/rfc4880) how to find the long ID of the key used and the timestamp of the signature. I've bolded the ID and italicized the timestamp. Looking on the MIT keyserver, we can [find the fake* key](https://i.imgur.com/5ooGihN.png). **The timestamp of the signature is 1394600848, which is March 12, 2014, two weeks before Craig filed to install Uyen as a director of Dave's old company, and almost a year after Dave died!** + +We can double-check with `gpg -vv`. Transcribe the email and paste it in. Here's the output: + + + :signature packet: algo 1, keyid B885B17AC45BED1B + version 4, created 1394600848, md5len 0, sigclass 0x01 + digest algo 2, begin of digest 09 a7 + hashed subpkt 2 len 4 (sig created 2014-03-12) + subpkt 16 len 8 (issuer key ID B885B17AC45BED1B) + +(I'll note, as an aside, that Dave apparently spelled his name incorrectly and put a typo in the subject.) + +*The fake key has the same pref-hash-algos as Craig's fake keys, and were never updated. +Let's play a game: what is the safest stock in the world? + +I mean, if the world was to collapse, undergo a prolonged period of depression, if the US dollar was to lose its' hegemony, or any other depressing event that you might think of. + +Which stock/company do you think will survive these hard times, and you are ready to hold it for the rest of your life? + + +Some rules: +1. No ETFs, only individual stocks. +2. You can choose several stocks. +3. You can pick a stock from whatever country you want. +4. Explain your choice. + +Let the game begin! +I have been working in finance for the last 15 years, with a background in applied economics and I didn’t have my Bitcoin epiphany until last year. When I first heard about Bitcoin, I dismissed it immediately with the same tired Dutch tulip bubble critique. As you are well aware, this is literally always the go to example used by detractors. + +On the surface, it’s not that hard to understand why this is their initial reaction. Think of all the barriers that one has to cross: what exactly is the technology behind it, what if it gets hacked, price volatility, government bans, use case, bad actors (Mt. Gox), environmental impact, and other various FUD. Then once you get past that - you have to learn about exchanges, wallets, private keys, self custody, mining process, halving, hard forks, hash rate, etc. Honestly, it takes an exhausting amount of learning to even come to an informed decision on Bitcoin. But in my experience, when someone takes the time to peel back all these layers, they almost always reach the Bitcoin singularity and then there is no going back. + +My Bitcoin journey was borne out a simple math problem of world wide governmental spending and how quickly that is going to catch up with us. When just looking at the US government’s baked CBO projections and adjusting for their historical inaccuracies, you see an inflationary situation unfolding of 10% or more year over year, starting in about 8 years. This calculation was done before all the covid spending, which is obviously going to accelerate that timeline. + +Bitcoin is so much more than an investment and it’s hard to categorize it as just one thing. It is truly a revolutionary technology that will be looked at as an instrument that helped push economics into a new plane of existence. I can’t stress to people how revolutionary it is for a monetary policy to be controlled autonomously by math. That’s it, rant over and enjoy your Sunday. +Alright mangs! + +I have explicit permission of the mods to run this contest. + +In the spirit of the [Bogleheads contest](https://www.bogleheads.org/forum/viewtopic.php?t=299018), and in light of the extreme market volatility we are seeing this year, I thought it would be useful to hold a contest of our own. This is to demonstrate the fallacy of market timing and forecasting So: + +***In a comment below, submit your guess as to what the S&P500 will close at on December 31st, 2020*** + +The winner (i.e. who guesses the closest) will get reddit gold, a youtube video of me reading out your name and calling you a mang, and other possible prizes. + +Lets have fun and see to gets the closest! + +Edit: Aannnd I missed a space between "approved and "/r/FI" in the title like a total choad. +Remember all those Reddit job ads we believed were for shills? Pepperidge Farm remembers. + +This ad had a date range of 29th-7th Octoberrrr ( https://www.reddit.com/r/Superstonk/comments/pv4h7m/weird_jobs_2_screens_get_rdy_for_sep_27_oct_7/?utm_medium=android_app&utm_source=share ), well we're here now and suddenly I'm seeing a push for DRS posts to be discouraged or isolated to their own megathread. + +Now I get the argument that the almighty purple ring is flooding the sub and drowning out any other news/information/memes/wrinkle-gaining-material... BUT... +What more do we really need as individual investors to insure the security of our shares in our favourite retailer? + +In over 10 months DRS has been the single most active action that individual retail investors have done to make their vote count and not whisked away to internalisers. The hype is massive then today I'm seeing a load of pushback? Be wary apes. + +The way I see it is all roads lead to Rome, we've done the digging and buying for months, explored all sorts of side quests to come to the ultimate conclusion that DRS is the safety way an individual can invest in a company and the bad actors we've become familiar with will do whatever they can to smear it, stall progress and protect their own interests. + +TL;DR: +Ramblings of a smooth brain about recent shill advert, the tsunami of purple rings and those who wish to halt it + +Essentially I felt the need to post this to open up a dialogue about what's happening. +As always, buy, hodl, DRS, love each other (not any advice, brain smooth like marble) + +EDIT1- added in the job ad post and corrected the dates +I can't believe how cheap chicken thighs are and IMO they taste better than chicken breast. + +Debone those mother fuckers and make a little stock too. + +It's just such an incredible deal. For $4.80 I am going to feed my wife and I our protein for a week. + +If you think you don't like dark meat I urge you try it again. + +Today I am going to make a stock from the bones and some left over veggies. For the actual thighs I am going to do a super simple marinade and grill over charcoal + + +Edit: turned out pretty good https://imgur.com/a/mh2SAei +Maybe I should just rent that van down by the river. Usually this time of year is when you can score a deal. Navigating through these listings feels like I’m sifting through the bottom of a trash bin. And when I finally find a glimmer of something promising 20 other people have applied in the ~10min since it posted, it’s like I’m bidding on a house. Then the ridiculous requirements and stipulations on the applications. Realtors and landlords ghosting me. Fees out the ass. Non refundable application fees. Everything is being nickeled and dimed. It really feels like we’re not to far off from landlords making asinine claims like ‘wall to wall floors and floor to ceiling walls $3k’. I was deadset on having my rent being 30% or less of my income. Guess that’s an antiquated concept. Sigh. +Hi everyone, + +I am a pre-accounting student who wants to build a strong knowledge about company stocks, financial statements, etc. + +I am not in it to make extreme large profits. I have a strong interest in it and want to learn more about it. Maybe later on I will do it for profits and trading later on, but that’s not my short term goal. + +Any introductory books I can begin with? I am always told about index funds or things that are guaranteed investment returns, but I’m not familiar with anything and it seems very interesting to me. + +Thank you all, have a blessed day! +I have been so burned out on my job - I've been a small business owner now for almost 15 years and have been successful to say the least. In the same industry though for 20 years. I got into GME when it was at $40ish. I have averaged up in these 4 months to an avg of $90. I believe in the stock. Every day that goes by I feel like telling my customers...I'm retired and good bye! Anyone else feeling this way? I'm doing the minimal amount of work but enough to keep my existing customer base happy but I'm telling new and potential customers I can't handle any more business not because I can't I just simply do not give a shit anymore! +To start this off, I know I messed up. I made a choice out of pure emotion, and it has proven to be monumental for my portfolio. I have learned my lesson, but want some advice on what you guys would do given my situation. + +I had a decent amount of money on some LEAPs in CVS going into earnings a few weeks ago, expecting reports to give it a nice boost. Well, that was the opposite of what happened. In all honesty, I didn't lose that much looking back. For some reason this triggered me though. I have been swing trading for the past couple months and have been up about 90% in my IRA, so I was used to some losing trades that resulted in minus 1-3% here and there. The CVS trade however had me down about 5% on the day, and it just put me in a bad mindset, as I was very confident in that trade working out. + +Later in the day after CVS earnings, I liquidated my whole portfolio. I guess out of fear of losing that money from the failed trade, forever? I don't know. I got greedy. I decided that NIO was a good pick to put all my money into OTM calls on. I wanted to make that money back. I worked hard for it. So that's what I did. Well, I just happened to buy these calls the day that NIO went on it's first 6 day losing streak in what seems like forever. I was already down so much as it was, and was holding onto earnings as my only saving grace. Well, that didn't work as earnings weren't as prosperous as the market wanted. + +Fast forward to today, and my 05/21 $75 C that I bought for $7.10 apiece, are now worth $1.60 apiece. I know I have a couple months until expiry, but I am lost. I know it was literally the last thing I should have ever done, but is there any hope? Just want some opinions on whether you would hold this out for a bit hoping NIO can rally back, or sell now for the \~78% loss? + +I have most definitely learned from this mistake, and in hindsite I am glad it happened. I am glad it happened when my portfolio worth was not in the tens of thousands, and that I am young (23) enough to learn from it and move on. Any advice is appreciated! +Balance: $1,486.66. + +Minimum payment: $29.61. + +>At your current rates of interest, if you make only your minimum payment by its due date each month, it will take approximately 23 year(s) and 9 month(s) to repay the account balance shown on this statement. + +>>**23 year(s) and 9 month(s)** + +A message like this comes on every credit card statement I get. It's scary how bad it can be. +**Positions:** + +DIS JUN 18 2021 160C + +DIS JAN 21 2022 260C + +DIS FEB 26 2021 180C (Riskiest) + +**Proof** +Market Value as of 2/8 +https://imgur.com/GRidPwQ + +**Thesis:** +Disney is going from a traditional stock into a growth stock because of Disney+ (guidance of 230m-260m subscribers by 2024). Opportunity for huge gains because of historically low IV and cheap option premiums. + +$DIS traded at ~116/share before they announced Disney+ so I believe this can trade higher than 300 by EOY. The catalyst for this to happen will be during the upcoming earnings this Thursday when they report a huge beat similar to Netflix (Netflix added ~8.5m vs ~6m expected and gained 10% next day). Last quarter Disney reported they reached 73 million paid subscribers. There is a chance Disney+ already has 100m subscribers with the success of WandaVision (first Disney+ exclusive Marvel content). Disney+ is cheap right now at 6.99 but will be increased as more content is released. + +So far there have been 2 original series and both are/were great (Mandalorian/Wanda Vision). Falcon and the Winter Soldier releases March 19 and subscribers will only start to snowball. Being 3 for 3 establishes a pattern and people will pick it up. + +Their original guidance for Disney+ was 60m-90m by 2024 and 10m by their first year. They had 10 million sign ups on day one alone. During their Investor day they announced 10 Star Wars and 10 Marvel Series with a ton of other content. I believe their revised guidance of 230m-260m is actually very conservative if the quality of their content keeps up. + +Has benefits from being a stay at home stock (Disney+) and opening the economy back up (resorts & cruises). + +IMO Disney’s runup is only starting and this is an opportunity to capture the insane growth of Disney+ with long term call options. Here is a chart of Disney since the start of Disney+ up until Feb 6. This chart also has when I purchased my option positions and how much I paid. + +**Chart** +https://imgur.com/kGGbUAD + +As you can see I've been following the Disney+ saga since their investor day announcement in 2019. I was new to trading options back then and I lost a few thousand trying to sell a call spread. Never forgot how much the stock skyrocket when they announced the price of $6.99 + + +**An excerpt from Bob Iger's book** +“We wanted the service to be accessible to as many people as possible around the world, and we had settled on a price that we estimated would bring in somewhere between sixty and ninety million subscribers in the first five years. When Kevin announced we would be selling it for $6.99 a month, there was an audible gasp in the room.” + +“The response from Wall Street went far beyond anything we anticipated. In 2015, our stock dropped like a stone when I talked about disruption. Now it was soaring.” + + +**More thoughts:** +I have been very bullish on Disney after the markets stabilized from the COVID crash. I bought my first position because there was just a ton of upside. There was the possibility of opening back the economy from the vaccine and also revising their original guidance, which was actually hinted by their CFO during their Q3 earnings call. She said they would revisit their guidance during their next investor's day. (Which I also bought 20k more in weeklies that I closed at ~60k) + +Remember this isn't a 1M YOLO earnings play. Have been holding these positions for a while and paid a total of $212,236 divided in three separate occasions. +Hope we can all make money together :) +Since it just happened to me about 30 minutes ago, I wanted to warn others. So, about an hour ago I get a call from a number I don't recognize. I always screen numbers I don't recognize, so I let it go to voicemail. It is a representative from one of my credit cards saying it is very important I get in contact with them as soon as possible. When I got the chance, I pulled out my card and notice that the number the rep left is completely different from the number on the back of my card. I call the number on the card and speak to a rep. They tell me that there is no issue with my account and that it was almost certainly a scam call. I just wanted to share this in the hopes that it may save someone else the grief of getting caught up in a scam call. +Edit for missing word. +The government is going to give money to the "Australian Institute of Health and Welfare" to produce "user friendly dashboards": + +(Page 202 of https://www.budget.gov.au/2018-19/content/bp2/download/bp2_combined.pdf ) + +> The Government will also provide $0.2 million in 2018-19 to the Australian Institute of Health and Welfare to bring together all major housing and **homelessness data in a USER FRIENDLY DASHBOARD**. + +..... + +https://en.wikipedia.org/wiki/Australian_Institute_of_Health_and_Welfare + +> The Australian Institute of Health and Welfare (AIHW) is Australia's national agency for information and statistics on Australia’s health and welfare. + +..... + +Should government agencies like the ABS (Australian Bureau of Statistics) be more involved in creating "user friendly dashboards" (for other issues too)? What do you think? +Hi AusFinanceGang, + +Just wanted to document my attempt at putting in an offer for a house tonight in **Perth**, and get some feedback / your thoughts. Looking back perhaps we could have waited a little longer as the property has only been listed for a short amount of time. + +Viewed the house on Sunday, booked in a private inspection for Wednesday afternoon, to view the house again and put an offer down. The house is listed 'From $559,000', tried to put an offer in at $505,000. The real estate agent mocked our offer, said it would be an insult to present to the seller and told us to call them if we have a better offer and left it blank. Told us to look at the repayments on the loan we would be getting and how easily affordable it would be to just offer more with rates being so low. The agent spouted on about the housing market really picking up, etc. We had to sign a document about multiple offers being presented to the seller, so we have to put our very best offer up first and we should rethink our offer. We had to document how much of a deposit we will be putting down for the house, and we are to put a $5,000 to $10,000 deposit down, held by the agent if the offer is accepted to show we are serious and tie us to the property. + +This was the first time putting an offer down on a property, and my partner is just shook at the whole experience. Not sure what I was expecting, is this the norm? Anyone else have an experience to share? +It is beyond dispute that with more savings comes a confidence and an increasing ability to put people in their place. I would love to hear about those instances at the workplace which you could afford to do because you had some cushion to fall back on if need be. +I’m 17 years old and I don’t own a car. My gf and all my friends always have to drive me around and I feel bad. My gf is kind of sick of it, because obviously it’s annoying to have to pick up your bf all the time and I can’t really take her out on a real date she basically does 💀. I’m still in high school too so my friend has to pick me up everyday and then drive me home. I have a job but i’ve been saving about 70-90% of my paycheck and putting it into stocks. I have about $1300 right now but with the current used market you can’t really find anything half decent for less than $2500-3000. Would it be smart to sell my stocks for a car? Or should I just suck it up and keep mooching rides off people? +**Is this normal?** + +Yes and no. If you want to be a long term investor, you have to expect to go through some 5 or 6 recessions given [the frequency they happen](https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States). + +That said, every one of those recessions was unique/abnormal in some respect. + +**Is this officially a recession?** + +It's close to it, but the terminology is not as important as the question how long this will last and how bad it will get. + +Edit: just to be clear - we'll only be able to tell in hindsight whether this is a recession. However, IMO we are the closest we have been to a recession in 10 years. + +**So how bad is it going to get?** + +Most companies will definitely feel a slowdown in the current quarter but that in and of itself would not be that bad. There are two possible factors that may make this recession much worse: + +* if the outbreak turns out to be worse than expected. At the moment there are examples of how the outbreak can be managed - notably Singapore has gotten it under control, the spread in China seems to be slowing and Germany seems to handle the outbreak well. However the situation may still change for the worse. +* if the economic strain on companies uncovers some extensive deeper problems (like the Great Recession of 2007-8 uncovered a lot of the banks' books being rotten). At this moment there are no reported issues showing this would be the case (businesses failing). + +**Couldn't the current debt level of companies lead to a collapse?** + +The debt volume is not new. There was a [steep rise in corporate debt between 1945 and 1970 and another spike in the 1990s](https://www.nber.org/papers/w19910). Current debt levels are not unusual especially considering historically low interest rates. If the interest rates should rise significantly a number of companies could run into trouble, but at the moment interest rates are decreasing. + +Unless theres something more sinister hidden in corporate books this should not be a big problem. + +**What about collapsing oil prices?** + +Oil prices are a good indicator of somehting not working well within the economy. Here's the theory: + +1. oil prices have droped unexpectedly +2. that means either demand for oil has fallen or some oil producer is flooding the market +3. if it's the demand it means less oil/fuel is being used +4. that means companies are producing and transporting less than expected +5. therefore there is an underlying problem in the industry/economy that needs to be addressed + +In our current case however there's no mystery about what's causing the problem - it's the corona virus situation that is causing drops in oil demand. People are driving less, flying less and in some cases production has been halted because of it. In addition, Saudis are actually also flooding the market as a response to Russia's unwillingness to coordinate on reducing production. + +So currently oil prices are not telling us anything new. As for impact on the economy - it's bad for oil producers but good for all companies doing any kind of logistics... + +**Aren't the bond markets panicking/collapsing?** + +No. [The last time the bond market crashed was in 1994](https://moneyweek.com/473408/heres-what-happened-the-last-time-the-bond-market-crashed) when the Fed raised the interest rates. You see, when you are holding treasuries and the Fed raises the interest rates, your treasuries are suddenly worth less. That's when people may panic-sell their treasuries and that's what has happened in 1994. If on the other hand Fed lowers interest rates, treasury holders are happy to see the value of their holdings rise. People will be less likely to buy new treasuries because those have lower yield, but that's exactly the reason why Fed is lowering them. + +**But aren't low interest rates a problem?** + +It's not the rates themselves that causes problems. It's companies overstretching themselves on cheap loans. It's a slow process that may happen in the future if the interest rates stay low. If there are already companies that overloaded on debt and are running into insolvency territorry, we should see them in the news in the coming months. Right now the situation is quiet. + +**Should I buy shares now?** + +Depends on your strategy. As a beginner you should be running a long term dollar averaging ETF strategy and keep on buying in regular interval. Trying to guess the bottom would just be gambling for you. + +Edit: typos and formatting +I came across Lucas critique while discussing politics and when I searched for it on Google, it seems to me that it renders the entire field of Macroeconomics and any interference by governments in the economy, useless. Lucas critique seems to be a typical conservative theory where any interference in the government in the economy is ineffective and therefore propagates the conservative/Republican theory of 'small governments', sometimes even looks like arguing for Anarchocapitalism. + +From Investopedia: + +> This means that economic policymakers cannot reliably hope to manage the economy by tinkering with key variables, such as money supply or interest rates, because the act of doing so also changes the relationship between these variables and the variables that represent the targeted outcomes, such as GDP or unemployment rates. Thus the Lucas Critique argues against an activist macroeconomic policy aimed at managing the economy + +So does that mean there is no point in Macroeconomics? That the economy as a whole is unmanageable and unpredictable and there is no point in any model or theory of Macroeconomics? Does this mean that the conservatism is fundamentally true and the government should stop all welfare systems, banks, etc. and just focus on maintaining police and army only? +Nowadays, economic development is pushed by consuming. But what if all people just buy what they need, let say buying a new one only when the old one was gone, such as phone, clothes, shoes, etc. +I don’t understand why deflation is a problem. It seems like the government could pass a law saying that if inflation and interest rates are beneath target rates, then pay off the national debt by printing money without issuing new bonds. Debt gets paid off, money supply goes up, everyone wins! Where’s the flaw in my understanding? +Video: https://www.youtube.com/watch?v=iP9H5fADC0E + +I am not here to push an agenda or conspiracy theory (per rule V). I've been researching the Federal Reserve system and the points in this video inevitably come up. I just want to hear some objective views regarding the system. + + +Any recommenced reading would be appreciated. +I am a freshman in high school and am trying to learn more about economics in general. I have never taken an econ course before so most of my knowledge is from reddit/google/youtube. I get the concepts of real and nominal GDP but I am having a hard time figuring out which one is actually telling you the better picture of what is going on. +Some people say the reason for the high inflation now is because of the pandemic and other people say because of the US government printing money like crazy for years and years. + +Others say it is mostly money transfer. So what really is the main reason. And why do they think by increasing interest rates will help lower inflation? +like Scotland wanted to use the pound sterling. + +1) What is to stop you from doing that +2) What is to stop another country from using that currency and then printing that money? +I've been searching the whole day and it seems no Economics undergraduate ever even bothered to make a survey or research of some kind to actually put this in numbers. How could I could quantify this? How many globally acclaimed academics, universities, research institutes and journals are undisputably orthodox leaning and how many are heterodox? I know I could probably go through a list of Nobel Prize Economics and John Bates Clark medal winners but I find that just so lazy and dumb...is there any data? For me it seems there is more of a "consensus of a consensus" and everybody goes along. The only website I could find saying anything about this is literally Wikipedia and, of course, it doesn't give any references (you don't say...) + +If someone can give some kind of data or research about this, boy you are my hero ;) + +Great weekend, everyone :) +https://www.aljazeera.com/opinions/2021/5/6/rich-countries-drained-152tn-from-the-global-south-since-1960 + +His claims: + +1. "We have long known that **the industrial rise of rich countries depended on extraction from the global South during the colonial era**". + +I'm surprised that ^ is accepted as a stylised fact. Is it? + +The Global Norf means (as per Hickel et al) the US, Canada, Australia, New Zealand, Israel, Japan, Korea and the rich economies of Europe: + +2. "Over the whole period from 1960 to today, the drain totalled $62 trillion in real terms". + +3. "If this value had been retained by the South and contributed to Southern growth, tracking with the South’s growth rates over this period, it would be worth $152 trillion today". + +4. Today, the global North drains from the South commodities worth $2.2 trillion per year, in Northern prices. For perspective, that amount of money would be enough to end extreme poverty, globally, fifteen times over. + +These are some not insignificant figures. Are they sound? +I was having a discussion with some coworkers of mine about rent in our city and how we wish it was cheaper. Someone brought up the idea of making it legally easier for landlords to do things like split a bedroom up into 2 or 3 smaller sections. Someone else said they thought this would drastically raise rent for other people in the city who want to rent a full sized room. I insisted that "No, if you allow landlords to more easily subdivide apartments the rent in the city would almost certainly go down slightly for everyone." + +We have gone back and forth for over an hour with various arguments, but I want to hear what some of you guys think without biasing you with one side. Please, we are all biologists! Can someone who at least remembers economics class help us out?? +I am an astrophysics student who took a couple of econ classes, so I am no expert. But if every American (or two-thirds, or a third) received $1,000 a month, wouldn't that be like every American receiving $0 a month (or near zero)? +"The Nash equilibrium is the equilibrium that is reached when each player follows his or her dominant strategy. This means that this balance is achieved if each player acts in his own interest." +I hear about it but are we suffering in some way because of this? + +I can't tell if the banks/feds printing all this money will screw us over in the long run or if it keeps the country running. +Basic understanding of supply and demand seems to be stuck in an age where you go to a 1700s market and haggle for textiles. + +Sure there are signals, but when a PS5 hits the market people pay the $500. They don’t sit there and negotiate with the dude at GameStop. + +Aggregate supply and demand seems to follow the basic rules: summer clothes go on sale in Fall and winter clothes go on sale in Spring. +As in this example: http://blog.walmart.com/innovation/20170922/why-the-future-could-mean-delivery-straight-into-your-fridge + +The same goes for Uber, [Amazon delivery using workers cars](https://logistics.amazon.com/), [Walmart asking employees to drop off packages](http://money.cnn.com/2017/06/01/news/companies/walmart-employees-deliver-packages/index.html), and jobs related to the gig economy. +In a recent thread there was a comment saying that poor countries can grow at a pace that rich countries can only dream of. From what I've read this is true but why is that? + +What stops the US from having a GDP growth rate of 10% considering we have the capacity to do such a thing? +It's a term that I heard a lot from some hedge fund guys. It's something related to how much net income a company is making before taxes and stuff. What is the actual word and what does it mean? +So, now that the election is over and the president elect has been chosen. I decided to read over future president Trumps tax plan. + + + +In this tax plan he states: +"The Trump Plan will lower the business tax rate from 35 percent to 15 percent, and eliminate the corporate alternative minimum tax. This rate is available to all businesses, both small and large, that want to retain the profits within the business." + + + +Now it is unlikely that the rate will be dropped down to 15%. More realistically it would be 20% which aligns with the plan of the speaker of the house of Representatives, Mr. Paul Ryan. That's still 15% less in taxes ALL companies would have to pay. + + + +Now here is my question. Where does this money go? + + + +I suppose the hope is to have it go back into the company to help it grow but realistically it would go into the pocket of the major owners. + + + +What if future president Trump forced the companies to invest that 15% into its employees? + + + + +For instance: A company that makes $50 million a year at a tax rate of 35% would pay $17.5 million in taxes. A company making the same but being taxed 20% would pay $10 million in taxes. That's $7.5 million they would be forced to give to their employees. If said company had 1,000 employees that would equal to a $7,500 salary increase for every employee. + + + + +Wouldn't this be more beneficial? Investing the money into the employees creates more productivity, increases moral, draws in more people wanting to work for the company, and would just be an all around better solution than putting into the pockets of millionaires. + + + + +Now I don't really have an extensive knowledge on the economy or business, but this was just a thought. + + + + +Is there any downside to it? + + + + +Thank you for your time. + +Good day. +VHCOL; NW ~@7M; 40M 36F 1YO maybe another one; TC 700 - 900 combined. + + +Target is to pull 300-400k in retirement so just within striking distance of FIRE. + + +My current job is full of politics, lack of professional growth unless I go full enterprise leader route, and not much transferrable skills. + + +Have an opportunity to make a transition to one of FAANGs now in a much more reduced title capacity but maybe learn more through scope and exposure. **May have to take a pay cut but I think maybe worth it for longer term growth and satisfaction.** Whatever I do, if I make a change, it will be significantly more work and poor WLB. I currently have a long tenure at my company so good vacations, benefits and WLB. At least for the first few years, a change will require me to put in significantly more hours. + + +I've been miserable in my current situation but I can turn it around if I accept my cruiser role, mentally grind it out for a few years and then do whatever I want. Or I can make a change now, and become much more marketable if I want to continue working in the future. + + +My first instinct is to move now, become more marketable and have the flexibility to do what I want professionally later. + + +At the same time, my current WLB is excellent, benefits are awesome (deferred comp, sabbatical, vacations etc). So why change that? + + +SO is at a different company and likes what she does and will probably continue. + + +What would you do? Grind it out where I am for five more years with excellent WLB and then call it quits? Or move somewhere else, poor WLB in the short term and become more marketable with a feeling of accomplishment? +Note: Here I’m sharing some pointed questions but would also love to hear thoughts and scrutiny over the entire plan. I have learnt a lot from this community and I aim to continue learning and contributing. Thank you <3 +—— + +I’m 33M living in HCOL area, work in tech, NW 3M+ (dropped 30% due to recent market) mostly in stocks with some in 401k, crypto. + +Through this group, I’ve realizing that I’m highly under-leveraged (thank you!) at less than 10% of NW being leveraged. I’d like to leverage up more but am hesitant about real-estate investing (new market for me, less liquid, more time investment required which is hard with my job). I am looking at leveraging options, other than real estate investing, and still get similar overall returns. I think good options for me are margin loans and LETFs (more high risk though) through which I can potentially leverage upto 50-75% of eligible assets. Anything else I should be looking into? + +One problem I have with margin loans is that I have a significant percent (33%) of my NW in my current employer’s stock (calculated risk and m really long on the company) but I am not allowed to take a margin loan on it as it can’t be sold in case of a margin call (insider trading considerations). This limits the amount of money I have eligible for the margin loan and I’m wondering how to solve for it. +One way to solve? My job is well paying and I have 3M+ pre-tax RSU vesting over next 4 years (and I expect more in refreshers, bonus, etc as I stay at the company). I wonder if I can borrow on this unvested stock to make up for a smaller margin loan otherwise. Is this possible? Is this a good idea? +It’s obviously tin foil speculation but we said this here forever ago that the market disruption will be blamed on us.. + +This is the beginning. When the market sell off happens because of margin calls it will as well. + +Thank you very much apes and remember. Buy hold and drs + +EDIT: OBVIOUSLY THE HEADLINE IS SATIRE. It was in reference to Cramer saying that nasdaq is being pushed lower cause of GME. + +That isn’t even a logical statement outside the possibility that for citadel and other hedgies to pay off apes during MOASS and MOASS alone may we effect the market as a whole. That said, the fault will still be on hedgies for taking a position with infinite risk and over the long term it will be a net positive for the markets IMO as it will likely effect governance, structure and transparency.. +Can we just take a minute to take in the magnitude of his play? 7 million dollars is already an amount that can give you a decent life just by interest rate alone. Nobody would have blamed him if he took the 7 millions and kept the 100,000 qty on the portfolio, just to start another life and still be in extremely bullish on GME. But no. He went full throttle. What a legend. + +Keith Gill is just an amazing person and we can consider ourselves lucky to be alive at the same time as he is. +I have had a checking/savings with Chase Bank since 2007 and a credit card since 2015 with them. This year I moved to a state where there are not very many Chase locations (1 within a 50 mile radius) and I am considering closing this account because of the monthly fees and lack of accessibility. + +I have an account with a local credit union and two other credit cards with another bank in town that has many locations. I have never carried a balance on any cards, and have a credit score in the 750s. + +How bad would it hurt my credit, long term, to just close my entire account with Chase? + +I don’t want to keep paying the monthly fees and keep the account since I don’t plan to ever really use that account/card much again. +As the title states, my dad just passed away. It's been a whirlwind the past few day but I know my mom is going to need help figuring out what she needs to do from a financial standpoint. + +My parents have a home but my mom will not be able to afford it along. My dad had a little life insurance that'll cover the funeral, small 401k, and a small pension. I believe they primarily lived off his SS. My mom works as a teacher assistant and a server at a football stadium. She has no retirement. My dad took care of all the bills and thankfully had detailed records + +Who can I reach out to in this situation? I need her to figure out her budget what bills they have. +I'm 29 and hoping to buy my first house this year. I've talked to a lot of people to get feedback from those who have bought a home before and what they recommend when buying your first house. A big takeaway that I've heard from just about everyone that I talked to is that they wished they had stretched themselves more on the first home. + +Where I am looking the home prices are around $400k for what I would ideally like to purchase. It is in a very good school district, which is important to me as I plan to have a family. I think that the area also has a lot of growth potential. + +My lease ends in September and I'd rather not renew as the leasing company that took over a couple years ago is letting the complex go to hell. My current commute of about 5 miles is usually 20 minutes in the mornings and 30-45 minutes in the afternoons depending on traffic. The area I'm looking to move to is about 30 miles from work but should be a consistent 45 minute to an hour drive due to the direction of traffic. + +I have not gone to a bank yet to find out what kind of mortgage I qualify for. The online calculators suggest I could buy a house for ~600k which is way more than I would consider spending today. My credit score is over 800. + +# Financial Background +I've been working consistently for about 3 years now and I max out my IRA every year and contribute 15% to my 401k. 20% of my pretax salary is contributed to company ESPP. I also receive restricted stock annually that has a 4 year vesting period that will be 50% vested next year (it's not a lot so I'm not including it in my calculations). + +### Salary +$115,000 + +### Savings +$40k in money market fund + +$42k worth of shares (as of today) bought through company ESPP (about 1/3 would qualify for long term capital gains. The rest would be short term if sold today) + +$10k semi-emergency fund + +### Debt / Expenses +- Car / student loans are paid off +- Rent/utilities usually comes in under $1800/mo +- $500-700/mo on food/entertainment + + +# Down payment questions +1. Should I try to purchase a home with 10% down? +1. Sell my ESPP shares to get closer to 20% down payment to avoid PMI? +1. Renew my lease and save for another year? With interest rates so low I don't know that I want to miss such an opportunity. + +Looking for any and all suggestions/tips/previous experience/etc. Thanks! +Just bought a second house to raise a family in (we're in our early 30's), trying to decide to rent or sell my first home. + +I owe ~150k w/24 years left at 2.8% interest, it's worth approx 350k-400k. I have a real estate agent friend who would sell it for only 2.5% rate. Alternatively, I could rent it at around 1.5k-2k and profit 0.5k-1k over the mortgage/tax/insurance every month. + +Getting second home depleted our savings but we still have 3 months of run way but will be able to build that back up to 6 months over the next year. We also still put away 12% each to our 401k/Roth IRA. Plan to have kids in 2-3 years. +I did this to take advantage of the low interest rates. I’m looking at getting 2.3ish APR. My question is, should I stay on the 20 year payment schedule, or take the extra money from the lower payments and invest in the market? Thoughts? +I'm looking at my fund options on Fidelity for my 401k, and I think I want to put a small part of my contributions into VEXRX; something with a little higher risk since I'm young and for the past couple of years I've only been investing in the Fidelity 2060 target date fund. But when I look up VEXRX it says on a few sites that the minimum investments is $50,000. Am I still able to put part of my contributions into VEXRX on Fidelity even if I'll be absolutely nowhere near $50,000? +Obviously I need to get a decent job. The job I have now is borderline part time with just above minimum wage pay. I’ve applied to hundred of places in the past year and nothing has come of it. I have some college, which is where the debt comes from, and I don’t have a penny to my name due to expenses and not making much. What are some things someone in my position can due to start taking steps to get on my feet? What should I be putting on my resume’ to get a better job? I know I can’t start any job making enough money to live happily ever after, but I can’t live on 35 hours every other week on minimum wage. + +Edit: I do know that it is risky and I am prepared to lose all of the money but as I said I would want to diversify my stuff to limit that possibility + +I am 13 years old and have around 400 dollars I own in my dads safe that I don’t want to spend so I was thinking of trying to do stocks or something to make passive income with 300-400 dollars preferably diversified investments, I am also open to any other ideas. I have watched videos on stocks and finance but don’t know how to start, I believe my parents would help me if I knew how to. I make around 100 a month helping around my house and my brother. Note I am thinking it would be wise to consult a financial advisor about having to pay taxes or anything like that. My parents are older and my mom is recently retire and is saving money to help me buy a car and pay for college. I have plans for the future such as getting a retirement account as soon as I can and know how to build good credit. I know not to believe people who show off there wealth because the poor stay poor by pretending they are rich. I am seeing what I like know will I have support so I don’t waste money on stuff in the future and know to pay more for a good product/service and save money rather than pay cheap and have to get it done multiple times. +I’m pretty new to this but here’s my situation my father in law recently passed. I knew he had some money, but not this much. He went suddenly. I want to make sure we use the money to help our son and give him at least as much as we got, but also to give our family of 3 the best life we can. We were all very close. As much as this is some people’s dream situation it really came at a horrible price for us. Please be respectful of that. + +Our family just relocated states and at this point my wife and I are not working. I would like to restart my business in our new location. + +We own our house free and clear. +730,000 in the bank +450,000 in the market +475,000 in bonds paying at 4.5% +330,000 coming in weeks from sale of our last house and previous business +150,000 in 529 for son’s college. +Right around 50,000 in IRA + +Here’s the kicker 1.5 million more tied up in Probate. In addition there are 2 condos. Probate is expected to take 2.5 years. + +First condo is paid for, has a value of 600,000. There is a life estate given on it so we will pay $1100 a month for the taxes, HOA, and insurance. + +Second condo worth 210,000. Currently vacation home with monthly bills around 675. Thinking of renting or selling. + +Our monthly bills are $4000 without the condos, $5775 with them. + +We’re meeting with a few advisors over the coming weeks but am hoping for some advice on how you would proceed and any study material you’d recommend. + +My inclination at this point is to get into some properties to diversify a bit. + +I’m just not sure the best way to continue a revenue stream. + +Thank you. I appreciate the help. +I'm 29 and hoping to buy my first house this year. I've talked to a lot of people to get feedback from those who have bought a home before and what they recommend when buying your first house. A big takeaway that I've heard from just about everyone that I talked to is that they wished they had stretched themselves more on the first home. + +Where I am looking the home prices are around $400k for what I would ideally like to purchase. It is in a very good school district, which is important to me as I plan to have a family. I think that the area also has a lot of growth potential. + +My lease ends in September and I'd rather not renew as the leasing company that took over a couple years ago is letting the complex go to hell. My current commute of about 5 miles is usually 20 minutes in the mornings and 30-45 minutes in the afternoons depending on traffic. The area I'm looking to move to is about 30 miles from work but should be a consistent 45 minute to an hour drive due to the direction of traffic. + +I have not gone to a bank yet to find out what kind of mortgage I qualify for. The online calculators suggest I could buy a house for ~600k which is way more than I would consider spending today. My credit score is over 800. + +# Financial Background +I've been working consistently for about 3 years now and I max out my IRA every year and contribute 15% to my 401k. 20% of my pretax salary is contributed to company ESPP. I also receive restricted stock annually that has a 4 year vesting period that will be 50% vested next year (it's not a lot so I'm not including it in my calculations). + +### Salary +$115,000 + +### Savings +$40k in money market fund + +$42k worth of shares (as of today) bought through company ESPP (about 1/3 would qualify for long term capital gains. The rest would be short term if sold today) + +$10k semi-emergency fund + +### Debt / Expenses +- Car / student loans are paid off +- Rent/utilities usually comes in under $1800/mo +- $500-700/mo on food/entertainment + + +# Down payment questions +1. Should I try to purchase a home with 10% down? +1. Sell my ESPP shares to get closer to 20% down payment to avoid PMI? +1. Renew my lease and save for another year? With interest rates so low I don't know that I want to miss such an opportunity. + +Looking for any and all suggestions/tips/previous experience/etc. Thanks! +I've been a fan of this podcast lately, My First Million, and interestingly enough Sam Parr (host) is an avid reader on the subreddit, and highlighted some of the principals of fatFIRE in a recent episode. + +[https://www.mfmpod.com/special-the-little-known-world/](https://www.mfmpod.com/special-the-little-known-world/) +The Federal Reserve kept its pledge to keep interest rates anchored near zero and promised to keep rates there until inflation rises consistently. + +As the central bank concluded its two-day policy meeting Wednesday, it said short-term rates would remain targeted at 0%-0.25%. Officials also changed their economic forecasts to reflect a smaller decline in GDP and a lower unemployment rate in 2020. + +Projections from individual members also indicated that rates could stay anchored near zero through 2023. All but four members indicated they see zero rates through then. This was the first time the committee forecast its outlook for 2023. + +In addition, officials addressed a new policy regime in which the Fed will allow inflation to run somewhat above the 2% target rate before hiking rates to control inflation. +[link](https://investors.palantir.com/news-details/2021/Palantir-Technologies-Expands-Japan-Business-with-New-22.5-Million-Contract/default.aspx) + +DENVER--(BUSINESS WIRE)-- Palantir Technologies Inc. (NYSE:PLTR) announced today that on December 28, 2020, it was awarded a $22.5 million, one-year contract in partnership with SOMPO Holdings for the “Real Data Platform for Security, Health, and Wellbeing”. SOMPO’s visionary Real Data Platform, or “RDP” is a collaborative ecosystem between public and private sectors that will improve healthcare in Japan, streamline supply chains across industries, and increase security and resilience in the region. + +In November 2019, SOMPO and Palantir jointly established Palantir Technologies Japan K.K., a technology company that would provide Palantir’s platforms and services in Japan. Already, Palantir Japan has actively supported elder care transformation, with active work across dozens of facilities to make care plans more efficient and effective and improve facility operations. + +SOMPO’s RDP objectives will accelerate the digital transformation of Japanese commercial and governmental institutions, and create connected infrastructure across key industries. Japanese industries, ranging from healthcare to automotive to manufacturing, have generated a tremendous amount of “real data” over the past few decades. For example, Japan alone has more than 60,000 elder care facilities, each generating real data from suppliers, facilities, care plans, training programs, and more. The RDP, with SOMPO at the forefront, will serve as the connected infrastructure for this and other industries, including logistics, transportation, research, and government agencies. + +Further updates on the RDP will be provided in a forthcoming joint press release between SOMPO and Palantir. +Hi - I'm a freelance business journalist who's written for the The Guardian, The New York Times, the Economist and a bunch of geeky trade titles you haven't heard of. + +My trade sector is a dead horse nowadays so my career is totally unviable unless I diversify. Its not difficult to work out how: I've held bitcoin since 2013 and my financial security is 90% built on crypto anyway. I'm in a great position to write about bitcoin & how it can democratise global finance. + +Here's the problem: I've been furiously pitching commentaries about the El Salvador news - which I believe will sweep across Latin America first, then Africa - and the wall of silence is deafening. + +The exact same pitching style that landed me commissions for a decade is suddenly ineffective. Commissioning editors, senior editors and publishers in mainstream media outlets *do not want stories about bitcoin changing the world*. They're embarrassed by their poor commentaries on bitcoin in years gone by; they're beholden to financial advertisers who rightly see bitcoin as the enemy; and they're too mentally lazy to think about the big picture. FT Group is by far the worst offender. + +Freelance journalism is a brutal existence, but with persistence it has good days where you feel like your voice matters. I have a comment piece inside me that I know that can create one of those days. + +I'm sure many, many other freelancers & staffers feel the same way, but are powerless to act. + +What the fuck do I do? Don't just bitch about journalists - one is reaching out sincerely, so engage with him and help him get to work. +In a few hours will be the deciding factor for a lot of how the market will play out for the next couple of weeks or even months with the scare of the virus at an all-time high and only climbing. Will the feds step in the pump the market up to make investors revive the market from where we were or will investors be scared, sell-off and everyone who has puts will cash in. See you guys on the other end +So here goes. I really want to open a food truck. Ive been doing heaps of research and ive sort of worked out the numbers. To get a full fitted truck or tailer i will need a minimum of $50k. After that i will need atleast 6 months of running costs covered in case sales arent what i expect. Thats probably $100k give or take. Thats a guesstimate. I dont have this kind of money nor do i want to get a bank loan because i just finished paying of $25k worth of credit card debt and i never want to do that again. I was thinking of joining a government job as a police officer to earn a good stable living while saving up for the trailer. Im 28 next week and my best friend reckons i should take the loan and get started now because if i go down the stable government job path in 5 years i will be too comfortable to take a risk or be in a position where taking a risk isnt an option like having a wife and kids etc.. (im single af right now lol). + +I just fear that i will take out the loan and the business wont work leaving me in a mountain of debt. + +What should i do? Any advice regarding food trucks and finance or even working as a police officer would be much appreciated. + +I live in Sydney. +Looking for help with taking over my dad’s mortgage after my dad passed. He deeded me the house in June and passed away in August of this year. + +What are your thoughts on the best way to proceed? Please help! And I can add more details. Basically 390k left on the house, reapplied for the mortgage and waiting to hear back. +With Russia's ongoing invasion of Ukraine, the U.S and EU are imposing financial sanctions on Russia and will essentially attempt to exclude them from the international economy. I think Russia's response to this is pretty obvious and telegraphed, they are going to embrace Bitcoin so that their oligarchs and members of government can continue to transact internationally. Hopefully their citizens are also allowed to use it without too much regulation, but not holding my breath. We've already seen the draft bill of this, and now more than ever they have a justification to accelerate this. I don't know whether it happens in the next three weeks or next six month, but it appears to me that the course is set. Putin has been yearning to invade Ukraine ever since 2014, but the financial sanctions that would ensue were probably enough of a deterrent. Up until now. Putin now has an alternative, and he seems to have gained enough confidence in Bitcoin's decentralized and uncensorable attributes to use it to circumvent the international dollar system. + +The reason for this post is to remind people that if/when Russia does this, you might want to reconsider how open you are in public about being a Bitcoiner. + +If Russia adopts Bitcoin, the legacy media and politicians are going to very quickly shape and pressure public opinion into believing that Bitcoin is to blame for Russia's sudden immunity to financial sanctions. They will call it a dictator's weapon and the reason why their financial warfare tactics are no longer effective. It could even get so bad as to a minority of media claiming that Bitcoiners are colluding with the Russian state. Stuff like "The only reason why you own Bitcoin is to transact with the Russian state" or " Anyone promoting Bitcoin is promoting Russia". (Writing these easy to predict quips makes me feel physically sick). + +I personally have nothing but hatred and disgust for Vladimir Putin. He has shown on countless occasions that he is a psychopathic tyrant who uses force to coerce millions of people in doing things that are beneficial to him and detrimental to them. He is a net negative for humanity. + +However, Bitcoin is a neutral technology that is available to all. To dictators and freedom fighters alike. What each person decides to do with that tool is fully their responsibility and has nothing to do with the tool itself. For example, if it [weren't for Bitcoin, there would not be any political opposition in Russia in the first place](https://www.themoscowtimes.com/2021/02/11/russian-opposition-finds-refuge-in-bitcoin-a72907). Just as Putin can benefit by adopting Bitcoin, he can also be tremendously harmed by it. + +Bitcoin is apolitical. I know that everyone in this sub understands this. But the majority of people do not. And I'm afraid that the topic of Bitcoin is about to get disgustingly politicized. If this is the case (I really hope I'm wrong), then you might want to reconsider how open you are about being a Bitcoiner. + +The decision will be 100% yours. Some will be defiant and brave enough to take on the senseless criticism heads on. Others will prefer to self-censor to avoid the emotionally draining societal pressure. Every person will know for themselves what the best course of action depending on their unique set of circumstances. + +Be mindful that full scale social and political ostracization can be mentally very, very tough. + +All I'm saying is to that it´s probably a good idea to decide ahead of time how you are going to act in case this likely scenario does indeed play out. This way you can minimize any regret. + +And, I can only hope that this amazing community will continue to be a refuge for divergent and politically alienated people. Whatever you decide to do, I feel confident in saying that Bitcoiners will keep on having each other´s back. +Obligatory "sorry if this isn't in the scope of the subreddit." I'm new here. + +I've held a business bank account as a sole trader for around ten years. About six weeks ago I changed phones, and at the same time, lost a secure token device, which meant I wasn't able to generate the login details to access my account. When I did get the code sorted, by going back to my old phone, it appeared my account was locked out; I assumed this was due to having entered the wrong code or something similar, although looking back, it can't have been. + +I rang the bank several times over the next few weeks but every time gave up after >30mins on hold. Eventually after a few hours combined on hold, I got through to an agent. The agent told me my account had been locked due to a fraud investigation. + +She explained that I would have been notified of this in writing - this is incorrect. I've had no contact from the bank by phone, email or post. + +She also explained that she couldn't tell me any more and that I'd have to speak to the bank's fraud department. I called them. + +The fraud agent spent some time looking at my account, and told me that the notes indicated they *hadn't* attempted to contact me at any stage; that their internal investigation department were awaiting further information, but that they hadn't indicated what they were waiting for. Hence the investigation was in stalemate, and had I not rung them, nothing would have happened. + +She was also unable to tell me how long it would take for any investigation to be done, and consequently when I would have access to my bank account. Apparently I can undertake some activity if I go to the branch in person - but as it's a 2 hour round trip, this is not practical, and I'm not confident what she told me was true in any case. + +The only insight I have into any oddities on the account is an unexpected, unusually large incoming transfer I found on a paper statement which could be a customer who has made a transfer in error, as it has a different company's name on it. I didn't spot this until I went through paper statements, as I've not had access to my online banking to see it. + +Meanwhile my standing orders have all been cancelled, I can't pay money in, I can't take money out and I can't pay suppliers. I can hold out for a short period of time like this, but not indefinitely. + +From conversations so far, the bank apparently thinks it's entirely within its rights to lock my account without any communication, and carry out an indefinite investigation, which has the real potential to put me out of business. If I was a larger trading entity such as BT I can't help but think they wouldn't have done this. + +My question is, is the bank acting correctly, and if not, on what grounds and with which authority should I pursue this? I can manage for a couple of weeks like this, but after that it's going to be a real problem. +This is the story of a European vacation gone horribly wrong but saved because of an emergency fund. + +A few months ago, Turkish Airlines offered a promotional 50% off ticket for passengers flying out of Atlanta, to celebrate adding that city to their worldwide destinations. We were going to be visiting a friend in Edinburgh, and we could get our trans atlantic plane ticket for the low low price of $1200 each if we routed through Istanbul. + +A bit of research later and with the Internet confirming that (at the time) Istanbul was one of the loveliest cities to have a layover in, we decided to extend our layover to 20 hours, grab a hotel, and have a nice dinner before flying each way. + +Two weeks ago, we toasted our frugality and cleverness with a very nice dinner down on the waterfront of the Bosphorous. + +One week ago, we did the same. (Food in Istanbul proper is dirt cheap; we had an absolute feast for 90 Turkish lyra, approximate $30.) + +Nobody orders a military coup with their vacation, but after we returned to the TAV Airport Hotel after our dinner, we were greeted with armed guides, snipers, and had apparently just missed the tanks rolling by to try to arrest Ertogan. We were eventually let into our hotel after the sound of gunfire was heard in the distance. A few massive explosions rocked the hotel, which is sandwiched in between the VIP building (where Ertogan had fled hours earlier) and the occupied airport. Needless to say, we didn't get much sleep. + +After a terrifying night in our hotel room, we awoke to find our flight back to the US delayed for 7 hours, then cancelled outright. Then the FAA imposed a travel ban on flights between the US and Turkey, with recommendations that citizens who needed to return home "find alternate routes." + +Here's where the personal finance comes in: Our combined emergency funds were about $4000, enough for us to fork over the $3900 in cash necessary for tickets to fly to Toronto and then from Toronto back to Atlanta. Wiping out our savings wasn't an appealing prospect, but certainly better than being stuck in Istanbul indefinitely! + +Fortunately for us, the FAA lifted the travel ban by Tuesday, and we managed to reschedule our original cancelled flight for then and then get a refund on the emergency tickets we had purchased to Toronto. + +Next time we go on vacation, I think we'll take a longer look at frugality vs safety. Cheap tickets sound great until the country you're staying in becomes politically unstable. +By now most of us saw the heat map posted to Twitter earlier. I don’t know where this data is pulled (I’m sure many do) but let’s assume for a minute it’s accurate. I may not be correct in what this actually means but assuming I +Am my math comes out to AT LEAST 179m more shares short today than there were on December 31, 2021. + +My assumptions for the math are as follows: + +1. Volume reported on nasdaq +2. The heat map from the tweet +3. Any share not part of short volume was exclusively a share purchased to cover any opened and reported short volume YTD +4. I may have fat fingered a decimal place or two when typing in the daily short volume percentages but at most it would put me off a million shares +/- +5. GameStop reported DRS numbers from Jan 29,2022 through Q3. + +Output: + +YTD volume: 2.7 billion shares or 9x total shares outstanding + +YTD Short Volume: 1.65 billion shares + +Shares reported in volume not short assumed only to be purchased to offset newly opened shares short: 1.130b + +Increase in reported DRS from Jan 30, 2022 through Q3 2022 = 62.9m (not shorted shares) + +Delta: 241,100,000+ shares + +If I wasn’t lazy I would do 2021 as well but based on the heat map I would guess it easily makes up a delta of 65m more. Also handicap shorts another 8.9m of shares DRS’d and it sure seems like another compelling piece of evidence against corruption and co. +There is a lot of buzz around XOM. what does reddit think about it? Is it any good for let's say long term investment. Looking to invest about $500 to $1000. Depending on how confident I get from different sources ofcourse I will do my research as well. But right now I am hearing mixed reviews +This is a really absurd situation. In January, I received a letter from the Co-Operative Bank stating I had missed two payments on my career development loan (which I took out to pay for an MA degree) over the last 4 years and that if I didn't redress the balance, my loan would be transferred to a debt collector. I have no real memory of missing payments, but looking at the dates, they clearly happened just after I left university and was unemployed. So naturally I phoned the Co-Operative Bank immediately and paid off the £400. This was processed quickly, with no issues, and for the past 7 months I have been paying my usual amount off each month. In November I will make my final payment, completing the five year repayment plan. + + &nbsp; + +Fast forward to two days ago. I checked my account and discovered £800 had been had been paid off my loan, bringing it from -£350 to £450 in credit. Initially I thought the bank had incorrectly charged me at some point and this was a reimbursement or something. However, when I phoned to inquire I was told the loan had been passed onto a debt collector. Dumbfounded, I explained the situation. Half an hour later, I was told that nobody on any team could figure out why this had happened, and that it was clearly an accident. As it stands, I am being told that there is no way to reverse this. I phoned again tonight, and a manager left me a note saying that doing this was their right. + + &nbsp; + +Am I wrong to think something about this is fucked up? What should I do next? +&#x200B; + +Some of you may be tempted to go along with this last minute backstab by Portman and Warner where they completely remove protection for anyone in the space who is not a PoW miner or provider of software and hardware to secure private keys. + +You need to understand that the future of this industry is DeFi layer 2, whether that is on Bitcoin or something else. It is going to be a combination of layer 2 defi and lightning technology. There is a very clear ethos of censorship resistance for the most disenfranchised built into smart contract based systems, just as with bitcoin. + +I struggle to make this argument to bitcoiners because of ignorance about how US law works. Ignorance specifically concerning the Patriot act, Facta, The banking secrecy act, Fatf, SEC laws, and CFTC laws. Rest assured, they can and will carry these laws forward to use against any lightning application or DeFi product based on native bitcoin, any business operator or coder or facilitator of such technology, anywhere in the world, no matter citizenship can and will be federally prosecuted and extradited. If they find you they will extradite you. No one is safe. + +This is a direct ban on DeFi. On smart contracts in general on permissionless systems, to ensure that the only smart contracts offered are on permissioned systems they have backdoors to, full patent control over. I.,e banks controlling them as de facto censorable Centralized Exchanges. + +Do you want to live in a world with no DeFi? Do you only want centralized exchanges and the absolute guaranteed censorship on the global south that that entails? + +You cannot collect KYC on smart contract. They know this. They know it is impossible, and that it turns non compliant non us citizen into felony offenders. They will come for you. How do you think they intimidated Binance and Bitmex? How do you think they caught Mcafee? It is impossible for a normal smart contract to ban US citizens. Backends can't censor people. + +This means it is illegal by default. *No one in the world can safely operate DeFi without KYC if this bill passes.* + +*No one in the world can safely operate DeFi without KYC if this bill passes.* + +*No one in the world can safely operate DeFi without KYC if this bill passes.* + +Once that passes, then they will pass ESG laws to censor miners and run them out of the country. They're trying to pick us off one by one. + +C A LL your Senator. Tell everyone, explain to your friends, get the message out. This is them using a hydrogen bomb on us with no time, input, or constructive nuance. It is totalitarian, poorly worded, and incoherent and shows the Whitehouse clearly doesn't know wtf they're talking about and the Treasury doesn't care if they ban technology to the point of strangling it in the crib despite knowing it will lose more tax then it collects. +The principles and concepts of FI/RE don't change because of nationality, but access to investments and securities do change. + +&#x200B; + +For those living in Mexico, what is your alternative to investing in a Roth IRA, HSA, or another form of investment that will build at least 4% interest over time? Are there subscribers living in this sub pursuing FI/RE from Mexico, without the ability to invest in the US? +I worked for about 10 years in the Maquiladora Industry in Mexico, and that was enough due to the poor work-life balance, 12 vacation days per year and at least 48 working hours per week, Mexico has the highest working hours in the world. + +Maquiladoras are established in Mexico to take advantage of the low wages and proximity to the USA. Mexico has one of the lowest wages in Latin America. In 1999, the net wage for the average maquiladora worker was $56 USD per week, and twenty years later in 2019 the net wage is no more than $65 USD. + +In addition to the low wages and disregarded labor standards, the living and health conditions around these factories are beyond belief. Many people live in a squalid grid of dirt streets, rotting garbage, open sewers with unsafe water, overburdened or non-existent schools, violence and crime. But do not misunderstand me about maquiladoras, any other sector is about the same or worse; in 2019 the official minimum wage is less than 9 USD per day. There is tremendous inequality, Mexico is on the bottom 10 countries on wealth distribution (Gini Index 0,49; World Bank, Taking On Inequality, 2016). + +When you focus on what you want, work hard and take the opportunities life offers, there is a possibility it will improve your life overall, and it did to me. I am a chemical engineer who climbed up the organizational ladder quickly, at age 29 I got my first management position. That gave me the possibility to buy a condominium by the beach and pay it off in three years, I bought in cash a nice Audi and saved a decent amount of money; I was living a pretty comfortable life. But I was unhappy, not even a $80K job a year, at age 33 could buy me happiness. However, it did buy me something – the ability to say goodbye. + +Lifestyle design is all about changing the way we live so that we can fulfill our passions and experience life now. I am striving for early retirement from not fulfilling jobs. One of the best ways to start on that path is to substantially reduce non-essential consumption to be able to effectively retire early. + +I do not want to retire from work. I just want to retire from work that no longer challenged or motivated me. I still want to continue working on interesting projects and learn new things. I want to do more good in the world. I want to tackle inequality, environmental issues and the unsustainable lifestyle of most people. Thus, I have sold my car, and got rid of most of my possessions to focus on experiences and sustainable living over consumption. + +If you could live on $1000 per month ($12,000 per year) and you made 6% annually from safe investments, you would only need to have $200,000 saved to retire. ($200,000 X 6 % = $12,000 per year) Alternatively, if you only have $100K saved and could make $500 per month from passive income like rental income from your condominium, or some internet business, then you could effectively retire now. There are many countries where you can live on 1000 USD a month. + +I believe this kind of freedom is at the heart of what drives my generation. No, not everyone wants to get rid of his possessions or live on 1000 USD a month, but we want to be able to do what we want to do and still provide a worthwhile product or service to society. We want to have a purpose, and when we cannot get it in our current environment, we are willing to make a change. + +Tremendous inequality and disparities in access to resources are factors that pose serious threats to human rights and to the world. It is obvious something needs to be done, we need to rethink how we live and what kind of planet we want to inherit to future generations. + +While there is life, there is hope for a better and equal world. + +Victor +Hi Everyone! + +Don't have many people in my personal life I can share this with: just hit a NW of 300k CAD today. + +I started tracking my NW June of last year, started at 159k CAD. + +My NW is composed of the following: + +* 58.5% equity in 1 bedroom condo in HCOL city in Canada, where I reside alone +* 22.2% in various registered retirement funds +* 14.4% in TFSA (Registered Tax-Free Savings Account) +* 4.9% Cash + +About me: + +* Female Immigrant from Africa - came to Canada at 10 y/o +* I was at a 0 NW at 27 years old when I graduated Pharmacy School. I paid off my loans right when I graduated, leaving me with a NW of 0. Had about 60k of loans - but worked throughout summers and school. +* From the year 2017 to 2020 - was making \~110k a year, but wasn't tracking expenses, and was overspending overall. +* Found FI in 2020 and started tracking. +* Increased my income by 50% over the past year by taking on side hustles. +* None of my NW is due to any property appreciation, crypto, or inheritances. +* Over the past year, have saved 85-90% of my income (including mortgage as a savings). + +Overall, I feel still quite far behind, but am impressed with the progress I have made in less than a year! I plan on going a little easy once I reach 400k NW and have all my registered accounts maxed out. I am hoping I can reach 400k by the end of the year (bit of a stretch, I know!) + +Thank you for listening to my story! I hope to provide more in-depth analytics once I have more years under my belt! +This morning - Stocks rise after multiple days of loss + +Changed just now to - Stocks resume losses after S&P 500 slides to 2022 low + + + +Maybe they should wait until the end of the day to write their leading article? +Hi guys + +I've found the first home I genuinely like.. I have submitted an offer, which was rejected, however the seller has expectedly counter offered with a figure I am (was??) happy to proceed with. + +The biggest sticking point is that I've suddenly become, what I feel to be anyway, irrational but severe cold feet about the whole thing and have been having a massive existential crisis. So I'm looking for some other experiences to draw from. + +All-In figures on costs to live (including $560 blow-on-whatever-I-want money, groceries, internet, rego, insurances yada yada) are approx \~4200.. Leaving me with $1350 spare all said and done. Has anyone been in a similar situation? What has your home-owning experience been like with more or less of a buffer? +We have a lot of big purchases we need to make. We need a new car, a new mattress, and would love to stop paying rent and buy a home. Not to mention, we need to SAVE. The decisions we need to make with this is causing me so much anxiety. I’m so happy we won’t be living paycheck to paycheck anymore, but holy shit, the fear of making the responsible choice is weighing on me. Anyone have any experience with a financial advisor? +Credit Karma shows credit scores for me of [817 TransUnion and 826 Equifax, as of 27 November 2015](http://i.imgur.com/QLhul3k.jpg). + +American Express reports my [Experian FICA score as 707 as of 18 November 2015](http://i.imgur.com/zQY6tfV.jpg). + +Discover reports my [TransUnion FICO score as 733 as of 26 November 2015](http://i.imgur.com/rTQiz9J.jpg). + +None of this bothers me, as I realize that FICO scores are a moving target and can differ by reporting agency and/or formula being used, but probably best not to rely solely on Credit Karma scores when looking to apply for credit. +I own a variety of foreign stocks, including Russian and Chinese stocks. + +I was thinking, hypothetically what would happen to my ownership if the US went to war with either Russia or China st some point in the next couple decades. + +Historically, what has happened in the past? What happened to US shareholders of Iraqi stocks back in the day? What about US shareholders of German stocks back during the world wars? + +I'm not asking about how the stocks performed. I'm asking if anybody had ownership in "enemy" companies revoked or criminalized. +Been a frustrating week. Closed trades that would have flown because the market started turning on me in the short term. Then left trades open that just ended up getting stopped out. 6% drawdown from Monday when I could have been +15% and done for the week by Tuesday. + +Just looking for other's opinions. I know the key to success is consistency. +I always have a hard time explaining what Trading is to people who ask me what i'm doing. Like I have an understanding of it with myself but I just don't feel like I ever explain clearly what i'm doing. I don't beat myself up over it because I know what Trading is regardless if I can explain it to someone or not. + +Any advice ? +I just started my 1st funded evaluation phase for MFF. I think my 2-3 year knowledge and grown skills can help me surpass this evaluation. What are your thoughts on this path I’ve just entered? I want to know your insights when you had your 1st evaluation and how did it go. Negative and positive feedbacks would be appreciated. I just want to know what to expect +Hi guys, anybody here trading from Australia. I am looking to move to Canada 🇨🇦 for a good life. Since their immigration process is simple. I also had Singapore 🇸🇬 in mind. The process is very complicated. But I am doing research right now. + +Seeing that Canada and USA being harsh for fx traders I might get myself into a bad situation. + +As what I see right now. Australia is a good place for traders i believe. Please if anyone have any idea please suggest. And most good brokers are from Australia. +Also how is Singapore guys for traders? + +I am from India but was staying in Dubai since last four years. I can’t live forever in Dubai as they don’t have a proper immigration policy. + +If any Canadian traders please can you help me with the current situation there? + +Thanks guys. +# Post-Trade Analysis + +As the market opened on Monday AUD/USD shot up. Blowing past my S/L within a few hours. I never actually entered the trade as my capital was tied up elsewhere. I'm still looking for the drop on AUD/USD. Thanks to everyone for your input. +# Description: + +AUD/USD has recently dropped below a critical zone at 0.70800. It's worked it's way back up but it has seen some resistance. It recently finished a third touch of the zone. It appears to be losing upward momentum so this trade aims to capture the retraction. + +# Trade Strategy: + +Position Size: 2,900 Units (.029 lots) + +Entry: Sell 0.70840 + +S/L: 0.70970 (13 pips) \[Just above previous high touch\] + +T/P: 0.70475 (36.5 pips) \[50% retraction & LT support zone\] + +# Risk-Reward Analysis: + +Ratio: 1:2.8 + +Risk: $3.77 \[5%\] (13 pips) + +Reward: $10.59 \[14%\] (36.5 pips) + +# Chart: + +[AUD\/USD H4 \(3\/01-3\/16\)](https://i.redd.it/wu5fwg8allm21.png) + +# Possible Concerns: + +AUD/USD could break through the resistance as it has trended above that level for a long time now. Also on previous drops at this level only \~40% retraction occurred so this needs to be a big movement (confidence added as the market tends to move in threes). + +# Account Info: + +$75 50:1 Oanda account + +&#x200B; + +&#x200B; +I read this article this morning about Barclays blocking unprofitable forex trades. If you use a brokerage like IB, how susceptible are you to unfair and probably illegal play like this? For retail Forex, is there anything you can do about it, or do you just ignore it and keep moving forward? + +http://uk.reuters.com/article/2015/11/18/uk-barclays-forex-probe-idUKKCN0T727J20151118 + + +Oh, my God...uncontrollable laughter over here. From the "punishment should fit the crime" files. The FI/ER connections are endless. + +>"All Propst had left was this final denouncement of what his creation had become: "The cubicle-izing of people in modern corporations is monolithic insanity." + +Nobody is to stone anybody until I blow this whistle. + +TWEEEEEEEEET! + +[The Man Who Invented The Cubicle Went To His Grave Hating What His Creation Had Become](http://www.businessinsider.com/cubicle-inventor-propst-hated-creation-2014-10) + +Edit: holy fuck, people…I just googled "open office" to see what the shrieking was all about, and Jesus Christ…how do you not run amok with a machete in an environment like that? +I'm looking to see how you guys scheduled your life to go from a normal job to trading full time. + +It seems you would have to straight up quit if you have professional career to maybe become proficient at trading. If you were to fail you would not be able to return to your previous professional career due to society looking down on your life choices, explaining employment gaps, lack of competitiveness, etc... + +So how did you build trading skills without first burning your ships? +I'm looking to see how you guys scheduled your life to go from a normal job to trading full time. + +It seems you would have to straight up quit if you have professional career to maybe become proficient at trading. If you were to fail you would not be able to return to your previous professional career due to society looking down on your life choices, explaining employment gaps, lack of competitiveness, etc... + +So how did you build trading skills without first burning your ships? +Title says it. I’ve been spending what I can here and there for a while now trying to stack some BTC and I’ve finally got to 0.1 BTC. + +I’m starting to wonder only a tenth of a Bitcoin is going to mean anything? I feel like so many people have been in BTC for years and years and likely have much more than that. + +Is (could) 0.1 BTC become meaningful in the years to come? +Was going through my feed and started reading this post by a startup founder that recently exited... with nothing left for her after the investors were paid out (sadly, a not-at-all-uncommon experience.) What I didn't expect was the post to turn into more of a commentary on her attempts to live a FIRE lifestyle. Thought you all might find it interesting. + +[http://www.daniellemorrill.com/2019/08/reflecting-on-my-first-18-months-in-denver-2019-mid-year-checkin/](http://www.daniellemorrill.com/2019/08/reflecting-on-my-first-18-months-in-denver-2019-mid-year-checkin/) +[Charts](https://s21.postimg.org/lxhwep02t/untitled.jpg) + +Used this US gov CPI calculator for each year: https://data.bls.gov/cgi-bin/cpicalc.pl + +Pretty proud that inflation adjusted spend was relatively flat over the last decade. + +EDIT: + +1) Someone asked about our tracked [savings over this period also](https://s11.postimg.org/yuay3aj9v/untitled.jpg) + +2) Excel is my primary tracking tool + +3) Someone asked about our [current monthly budget](https://www.reddit.com/r/personalfinance/comments/5wb2jr/kept_my_monthly_expenses_over_the_last_20_years/de98gv2/) +Coinbase Global made public on Thursday the prospectus for its much-anticipated initial public offering, setting up the company to possibly launch its IPO in March. + +Coinbase, whose mission is to create an open financial system for everyone, plans to use a direct listing to tap the public equities markets. Coinbase won’t receive any proceeds from shareholders selling their stock during the offering, the prospectus said. Goldman Sachs , J.P. Morgan Securities, Allen & Co., and Citigroup Global Markets are acting as financial advisors on the deal. Coinbase plans to trade on the Nasdaq under the symbol “COIN.” + +Companies typically have to wait 15 days to commence a roadshow for their IPOs after making the prospectus public. This means Coinbase could launch the direct listing as soon as next month. Coinbase isn’t conducting a typical roadshow, but may host one or more investor days, the prospectus said. + +https://www.barrons.com/articles/coinbase-could-go-public-as-soon-as-march-51614270033 +Hello, + +I closed on my house last may. I have been making my payments in time, and in full. I have been contacted by my banker, and they are claiming that I am now not making enough money to afford my loan. They are stating that my car loan did not come up on my credit report, even though I made them aware of said loan. They are also stating that the new job I took is paying me less than what I was making when I signed for the mortgage, even though my new job is paying me close to ten dollars more per hour. Is this legal? How can the default me before I’ve even missed a single payment? How can they pull my mortgage, after they have started to fund it? +No coiner here. Happy to stay poor. Or change my mind. + +Are you folk aware of the absurdities creeping into crypto? Where do you draw the line? I mean look at Doge: if that can ‘moon’ to >20 cents and stay there as long as it has, what does that say about all the intellectual and sophisticated projects? What is the point? + +What criteria are YOU going to use to say ‘I am investing wisely?’ + +Saw the AMA on VeChain or VeToken or VeCoin or Ve Thor or whatever it’s called. I’m sure the founders and devs are earnest and mean well. Yet to a critical outsider, I’m sorry, it’s just Hopium. Gobbledegook. IoT, 5G, ‘DeFi. Etc. Only one practical application appealed to me: issuing COVID vaccination ‘passports’ in Malta. Even then, why does this need a blockchain? It’s over engineering, or what am I missing. + +You folk here need to avoid the echo chamber effect. You need to be able to absorb challenge. + +Right now, crypto seems to me to be getting crazier and more unhinged every day. Yes, there is limited adoption of Bitcoin in particular, but there is an exponential explosion of sheer garbage. + +Explain to me how this is not worrying. + +Edit: Now have 21.88 Moons! Cool. Had to download the app. Hate apps: always seem worse than the main site and everyone pushes and pushes to ‘download our app’. Grumpy boomer... +Hi everyone + +I’m purchasing my second property (PPOR) in QLD. We signed the contract 30 days ago with 2 week conditions on building + pest and finance. Finance was approved early but the B+P report came back the day before it was due and picked up some structural defects (nothing major) and the seller took 25K off the original sale price which I accepted. We requested a week extension on the conditions to negotiate this and obtain the necessary quotes for repair. + +Even though our finance was approved, the bank requested the amended contract which is to be expected. So we said we would satisfy the B+P condition but requested another extension on the finance so the bank could reprocess the amended contract. We have been approved again on serviceability but the bank have requested another valuation due to the building and pest report. + +Now, the seller has come back accepting the finance extension but not an extension on settlement. We have another week for the bank but it leaves only 7 days to settle after unconditional approval. Before this they offered for our deposit (2500) to be taken if the finance is not approved. These terms were presented to us at 5.20pm on Friday and of course that leaves the weekend to work out how to proceed. + +The obvious answer is to terminate on the basis that no one (not even the discharging bank) can prepare for settlement in 5 business days. I’m just surprised that this has even been suggested. I’m suspicious that they plan to charge us default interest because they know we will not settle by that date. + +The agent tells us they want to settle before Christmas but if we terminate there’s no chance of another buyer settling before us. + +My solicitor (actually, the conveyancing clerk) just says “what do you want to do?”. So my legal advice is useless now. + +We do want the house but this settlement time is unrealistic for everyone involved. + +I’m interested to hear your thoughts on my situation. Thanks in advance. + +EDIT: I should mention that yes, the vendors were in a way responsible for the delay in the report. The agent couldn’t provide access for the first inspector at Day 5. So they arranged another inspector at Day 9 who then cancelled. So a third inspector did the report at Day 11 and we got it back the next day (Day 12). +I am considering setting up an irrevocable trust for my children. I am trying to weight the tax benefits / securing their future vs the risk of negatively influencing my children’s drive to succeed. I am concerned (perhaps unreasonably) that if my children know they have a safety net via trust, they will be less motivated to work hard and achieve on their own. Does anyone have experience with this? How do you balance making sure your children are comfortable without risking they will be less driven in adulthood. Is there a structure or specific terms that you suggest to use? Additionally, if anyone had a a trust growing up, do you think you viewed your career/education choices differently than your peers? +I have around 500k that I want to hold in cash. My priorities are: + +1. Not losing money (eg. FDIC or other protections) +2. Being able to access money easily (eg. ATM, ACH, Wire, preferably no ATM fees, etc) +3. Highest yield possible (since it's losing value in cash anyway) + +I'm deciding between two options: + +A) Wealthfront Cash Account: has $1m FDIC and 2% APY + +B) Fidelity Brokerage (which holds money in SPAXX) + +Apparently, Fidelity Brokerage lets you access money the same way you can access your checking account money (ATM, etc). It also provides 1.69% APY and doesn't charge any management fees for SPAXX. + +[https://www.fidelity.com/go/manage-cash-rising-costs](https://www.fidelity.com/go/manage-cash-rising-costs) + +Am I correct in understanding that the Fidelity Brokerage might actually be a smarter way to hold money, even though the APY is lower? + +If I'm not mistaken, most of the gains from SPAXX might not be taxed as income tax because it is actually stored in treasuries? +Recently I’ve noticed a lot of folks defending payment for order flow, so wanted to take a moment to dispel some misinformation. + +First, please consider where you heard about PFOF being a good thing for retail. Was it from Robinhood? They make around ¾ of their revenue from PFOF. Was it from TastyTrade? TastyWorks is paid an average of $0.50 per contract in PFOF. Brokers who use PFOF have a clear motive to tell you it is in your best interest. The fact is that if MMs were providing a service with PFOF, they would be paid per order by brokers, not paying brokers per order. Your order flow is the service, and MMs are paying for it. + +“My order will be executing at the NBBO (national best bid or offer) or better with PFOF, right?” + +Yes, that is true. But it is almost never better than the price your order would execute on the exchange. Counterparties with significantly better prices will often come out of the woodwork when you submit an order to an exchange, even if they did not wish to have a displayed bid or offer. For example, IBKR SMART routing will search for hidden liquidity within the bid-ask spread, so marketable orders will often fill at significantly better than NBBO. You may be saving dollars per contract on average over PFOF if your contracts have wide bid-ask spreads. Limit orders on relatively low volume contracts with wide spreads routinely fill at midpoint within milliseconds to seconds when submitted directly to exchanges. + +“But how will my broker know the best place to send my order?” + +While brokers who use PFOF will often argue that finding and routing orders to the exchange with the NBBO is logistically difficult, this information is actually widely available. For options, it’s aggregated and disseminated by the Options Price Reporting Authority (OPRA), all in one place and easily/cheaply available. If your broker cannot manage to route an order to the exchange with the best listed price, you need a new broker. + +“But I always use limit orders.” + +It feels good to receive what you think to be an acceptable price for your order, but unfortunately you likely were not receiving as good of a deal as you believe if your broker uses PFOF. If your order fills, it is most likely that the true price of the option changed by the time it executed. This would mean you were still buying at/near the ask or selling at/near the bid. Limit orders under PFOF are essentially market orders that take longer to fill, or may not fill at all. While resting limit orders on the lit exchange do not guarantee a different result, it at least gives you a better shot at a fair execution. It means more fills, faster, when you’re setting a limit order (and sometimes even fills at better than your limit within the spread). This can lead to dollars better executions per contract, if you compare your execution price to what the option “truly” is worth. + +Now on to the meat of the issue: Why are the market makers paying for PFOF? + +Retail traders are what MMs call “dumb money.” That means the MMs get to make basically the full bid-ask spread on these executions, with much less risk than trading against high frequency traders/hedge funds (who usually are more informed and pose more of a risk to trade against). With so much of the “dumb money” trades being handled off-exchange today, the trades hitting the lit exchanges are more often these riskier trades for the market makers. Greater risk necessitates widening of the bid-ask spreads on the lit exchanges. And what does a wider bid-ask spread on the exchange do for PFOF? It allows them to execute your trades at even worse prices, and still call it “price improvement.” + +PFOF is hurting us all, even those who do not use it. It is hard to avoid at this point in the US unless you use a select few brokers, but please stay informed. If deciding between PFOF and $1 commission on contracts with a 0.02 spread, it doesn’t really matter. If the spread is 0.05, trust it does. + +Further reading: + +https://www.sec.gov/comments/s7-02-10/s70210-334.pdf + +https://www.tradersmagazine.com/xtra/payment-for-order-flow-is-undeniable-conflict-of-interest/ + +TL;DR: When given the option to pay a small commission or accept PFOF, consider wisely. +Back when I was poor and struggling, I was always kissing XXXX. I was always deferring to people who were in power. I smiled at people more often, not because they made me happy but because I needed them to like me. I laughed at their lame jokes and said please and thank you more often. + +Now that I am well off financially, I don't need to be nice to those people anymore. They are dead to me. No need to smile all the time and laugh at lame jokes or be a yes man anymore. + +(I am still nice, friendly and polite to nice people and family and friends but not the strangers and powerful people I needed to please back then.) + +Can you relate as someone who is now financially independent? +According to Alpaca's website and as ONLY documentation I could find (or anyone else from their forums) they are commission free BUT charge the regulatory SEC/FINRA fees. From SEC and FINRA I have: + +1. SEC $22.90 per $1 million sale +2. FINRA $0.000130 per share for each sale of a covered equity security, with a maximum charge of $6.49 per trade + +So just as I started making real money with my algo... here comes something unexpected and very opaque: Many times the SEC fees for no reason at all. + +Typical example: I made a volume of $ 2 million trading on a certain day... bam! $200 fee. And the worst is that they classify those $200 as REG fee on the statement I downloaded. FINRA is $1 which is in line. + +Contacted support and they are pretty silent after redirecting me to their generic page which doesn't mention anything and after I confronted them with a math showing I should have been charge $40 bucks not $200. + +Anyone else has this issue? Thankfully I have other options. + +I also made a complaint to [investor.gov](https://investor.gov) so the SEC will contact them regarding this. +Curious is there are any open source tools that accomplish what this $100/mo tool can do. [This](https://github.com/Elenchev/order-book-heatmap) seems pretty similar to it and I'll start here I think. +[https://www.wsj.com/articles/some-wework-board-members-seek-to-remove-adam-neumann-as-ceo-11569171188](https://www.wsj.com/articles/some-wework-board-members-seek-to-remove-adam-neumann-as-ceo-11569171188) + +Hopefully he can still live forever and be king of the world +Some may be aware of the recent activity over in r/wallstreetbets with the GME stock. For those that aren't, see: [https://www.ign.com/articles/gamestop-stock-surges-to-record-highs-as-investors-battle-redditors](https://www.ign.com/articles/gamestop-stock-surges-to-record-highs-as-investors-battle-redditors) or have a quick Google. + +The overwhelming advice from r/UKPersonalFinance is to invest in well-diversified index funds, with the long-term passive investment approach (for the record, this is my also my preferred approach). + +So I'd be interested to know what people's thoughts are when seeing a large community like r/wallstreetbets seeing substantial short-term growth like with the GME stock? + +For example: + +* Are you tempted to get involved? +* Are you already involved? +* Do you want to completely avoid this high risk form of investing? +* If you have invested, how much of your portfolio have you put in it? +* Do you have any prior success/horror stories of similar situations? +I'm early in my FI journey, 24 years old, and so far have only rented, and am actually staying in my parent's home for the time being since my job went remote for the pandemic. I've been really taking FI seriously and planning out how I intend to achieve this goal. + +&#x200B; + +In planning out my journey to FI, I know I will be unable to exactly map out every every major expense I'll have, but at some point (no time soon) I recognize I may want to buy a house. Looking at mortgage rates and property tax rates is super grim and really shoots my initial rough guess of when I'd be able to hit FI in the foot. + +&#x200B; + +So, I was curious to hear how other folks are thinking about managing the expensive realities of home ownership, or have handled it, while pursuing FI. Any particular principles, tricks, or books that helped you in this aspect of the journey? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +So my gf has just found out that she is a US citizen, she was born there but has British parents and has lived in UK since she was two and didn’t realise this meant she had citizenship. She recently received a letter from her bank about her US citizenship and the need to file a US tax return. + +So my question is what are the advantages/disadvantages of maintaining US citizenship vs renouncing? + +What would you do in her position? What circumstances could she have to pay US taxes? + +For context: 27f making 60k + +Thanks! +Hi there, + +Have been considering subscribing to the Australian Financial Review but thought I'd reach out to see what people thoughts were on their subscription. + +Is it a worthwhile investment? + +Thanks. +I am in my second year of bachelors of economics and finance at rmit. I’m enjoying the course a lot and would want to pursue a masters and potentially PhD. Just want to know if anyone has had experience along this path? Would having a Masters or PhD help me in getting a better job? +Disclaimer: nothing in this post is financial advice. I’m just sharing an experience that I had while trying to learn about the stock market’s plumbing. Please don’t do anything coordinated, stupid, or illegal. I just like the stock and learning how things work and talking about my experience. + +Edit: Here's the screenshot for people who were asking. I couldn't figure out know how to post pictures with my phone, so I had to wait to get back on my desktop. + +https://preview.redd.it/e2jtfwmyzmy81.jpg?width=3024&format=pjpg&auto=webp&s=d6ac7e45d8a2ff7c53632458b88bff5f27bdbfcf + +Okay, so the other day I did an experiment on the headphone stock because there were literally no trades taking place on that ticker for a several minute period (🎧 is a super thinly traded micro cap, so it was a perfect test case). + +Last month I heard about using Fidelity active trader pro to route trades through a lit exchange like IEX. I stated to do that the other day when buying some headphone stock, and then thought, “damn, this company just seems underpriced right now. I am honestly willing to pay more than anyone is asking.” So instead of buying through IEX, I routed a market order for one share though the exchange that had the highest ask. (In this case , it was XNMS, and it had 100 shares listed for about 3 cents more than the lowest ask, which was on FINY). Lo and behold, my trade for one share went though at the higher price, and the market price on the ticker moved up. + +Here’s where it got weird. As soon as my trade for one share went through XNMS, ALL the exchanges immediately adjusted their ask upward. It happened super fast, like an algo was adjusting the price automatically. Now, ARCX was the highest priced exchange, by about 2 cents. So I made a directed market buy for one share through ARCX. It happened again. As soon as my order of *one fucking share* was filled, ALL the exchanges changed their ask price. + +I did this two more times, picking the most expensive exchange, and ultimately walked the price up from $7.14 to $7.22. *That’s a whole percentage point moved by just four orders of one share. My $29 (or so) added about $1M in market cap to the headphone stock over the course of 3 minutes.* I was the only buyer during that time, and I took a screenshot as proof. + +When I stopped buying, the asks gradually walked down, like an auctioneer. + +So here is my conclusions: + +1. The algos that set the price are more responsive to number of *trades* than the number of shares per trade. It made a bigger difference to the price when I made 4 orders of one share than if I bought 50 shares in one big order. +2. The algos that run the market are not designed to handle retarded buyers (like me) who are willing to pay more for the “best exchange” rather than the best (cheapest) price. +3. If little ol’ me can use a retail app from Fidelity to fuck that much with the algos, there is NO WAY that hedge funds aren’t using high tech trading programs to manipulate the price of my favorite stonk every day. +4. Gary Gensler, wen job? + +I stopped doing this because it freaked me out. + +Has anyone else had this experience? +No one cares anymore? This is almost as high as a week ago, an event that filled the front page of r/bitcoin. + +https://blockchain.info/pools?timespan=24hrs + +Does this mean that miners have moved back from other pools to Ghash? Eligius has dropped a few % after gaining the same amount, just to give an example + +Would it mostly be their own hashing power thats increasing through Cex.io? + +------ + +Please refer to [this link if you want to read discussions from 5 days ago](http://www.reddit.com/r/Bitcoin/search?q=ghash&restrict_sr=on) (it searches this subreddit for ghash, gives all the big threads in from 5 days ago) + +EDIT: title should include word ‘compulsory’ before membership! No getting out of it if you still want your tandem cc. + + +Just got the following email from Tandem. Bold text for emphasis - essentially if you do not wish to be a Tandem member, your account will close. + +———— + +We’ve got big news! Today we’re proud to introduce the Tandem Membership – an exclusive plan available to existing Tandem Cashback Credit Card customers. This membership unlocks a suite of exciting new benefits. Ready to hear more? + +Before we get to the exciting bit, it's important to know that there will be changes to your existing Tandem Cashback Credit Card. Keep reading to understand what this means for you. +Tandem Membership + +Market-Leading Savings Rate: Accelerate your savings with a 1.50% AER on your existing Tandem Account + +Free Spending Abroad: You asked; we listened. No more interest on cash withdrawals abroad. Plus, continue to enjoy your holiday spending without fees + +0% Interest Charges: We’ll drop the standard interest rate on your card to 0% for all purchases and cash withdrawals.* This means no interest charges on your balance – ever + +Worldwide Cashback: Did we mention you'll continue to earn 0.5% cashback on all purchases over £1 worldwide? Keep saving every time you spend + +The APR takes into account the membership fee as a cost of credit. Your actual purchase and cash interest rates will be 0%. + +For a monthly fee of £5.99, you’ll gain access to all these benefits. If you choose to become a member, your existing credit agreement will change starting on 9th March 2020. + +**If you choose not to become a member, you can use your card as normal until 9th March 2020. After this date, you will no longer be able to use your card and your credit agreement will end when your balance is repaid in full.** +[Link to pre-proposal](https://www.reddit.com/r/CryptoCurrencyMeta/comments/q259r1/proposal_reduce_contribution_points_gained_from/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**Proposal:** + +Reduce contribution points gained from link posts by 35% + +**Summary:** + +My proposal is that link posts have their contribution points reward reduced by 35%. + +**Why is this needed:** + +Link posts clog up [r/cryptocurrency](https://www.reddit.com/r/cryptocurrency/) and reduce quality of content significantly. There is also a huge problem with reposting the same or similar articles. Right now, there is incentive to do this, as repeatedly posting article links with no other contribution to the post is an easy way to farm moons. Reducing the contribution point reward for doing so should help solve this issue along with cut down on reposts of the same or similar article. + +**Proposed Solution:** + +Reduce the contribution points gained from link posts by 35% + +[View Poll](https://www.reddit.com/poll/qh7ywl) +We have been our property for several years now. We have a house with a 999 year long leasehold on it. The ground rent has never been collected and is in pounds and shillings for reference. It also has some odd convenants in it such as not being able to have pigs or chickens and not putting your washing out on a Sunday .... + +We enquired about buying the freehold some years ago and the freeholder was willing to sell for £750 plus fees. At the time we couldn't justify it, so parked it in the house paperwork. We are getting to the point of remortgaging and we've come around to thinking of buying it again. I've asked the freeholder for a revised price and expect it to be the same or higher. I've put our house details through a freehold valuation calculator and it's effectively worthless. Any advice on a fair price and whether this will help the value of the house in future? +We have lived in our home for around 2yrs. If we sell now, based on recent sales around us we would stand to make around 90k net profit. We don’t plan to live in the home long term regardless. That 90k could pay off my student loans. We don’t have any other debts. We were considering selling and moving into an apartment for max 1yr while we save money and wait for the market to cool with the hopes of getting into a multi family home that we could hold long term. Rent in the area is about the same as our current mortgage (1600). Our realtor disapproves of this plan. Thoughts ? +I am selling a single family house property. Will selling to Redfin or Zillow result in more net proceeds compared to using a local traditional agent? + +Please share any relevant experience you might have had. Thank you! +I am buying a house with a, separated from main house and on its own electricity, grandma suite. I plan on living in the grandma suite and rent out the main house. I plan on moving out after a year. + +My main question I guess is should I rent out the main house as if they're renting the grandma suite too or rent it separate and when I move out up their rent since then they will have access to the grandma suite? + +My idea is to rent it out separate then when I move out up their rent to include the suite but have that in the lease before hand so they're aware before they sign the lease that in about a year when I move out an extra $400-$700 will be added to their rent, that's if they rent that long. + +I hope I conveyed my question were its understandable. + +Thank you for your time. + +&#x200B; + +Edit: sorry for the title, I had "question" on the mind apparently. +I've been informed by the executor of my parents estate that once everything is settled, I will be receiving somewhere close to $150k cash in inheritance along with about 150 shares of stock. There are no investment accounts or anything else with named beneficiaries in my future. Aside from the stocks, it's all cash. + +My understanding is if she is given the green light by the lawyer in time, the executor will be cutting checks in December and again in January in an attempt to split the tax burden between the two years tax returns, but this isn't guaranteed to be possible and the entire amount may have to be distributed in the new year. + +In either event, is there anything I can do to lessen the Federal tax I'll have to pay on this? If I receive this in one lump sum it will more than double my 2021 earnings. + +If it matters at all my parents lived their whole lives in Pennsylvania, while I moved to NY and still reside there. + +Thanks for any advice! +Sorry this might seem like basic stuff but I couldnt find an answer yet. +I baught an option for irnt which 10x my money after I sold it.but why exactly does anybody want to spend 1k on an option that’s most likely worth a lot less in a few hours? +Also i could sell it in seconds. Why do mm want that option? +Since I don’t have the Margin to buy 100 shares of my option I have to Resort to selling it once it’s itm. But can I rely that I can sell those options? +All the videos I saw explaining options just say „you can execute or sell your option at any point“. If anyone give me a better explaination why Someone wants to buy those options I would be really thankful +Morning dudes. +I started heavily trading stock and options after the covid dip. +Got out of trading last year - was up over $600k - lost $200k of it - cut a huge check to Uncle Sam and haven't traded options since. + +I've always heard about wheeling and understand how it all works. +I've been wheeling weeklies on 200 shares of $BABA and 400 shares of $NIO for 2 months now. +Ive been selling Covered calls only with a Delta around 30. +I really enjoy this - it's very stress free. + +However with $BABA and $NIO exploding a bit last Thursday, my CC's were slight in the money and half my $BABA and $NIO shares got assigned. + +So here's my question if any veteran wheelers can offer their experience... + +Im highly bullish on $BABA and $NIO: do I buy my shares right back on Tuesdays open or do I start selling puts ? +My concern is that I may never get the shares back at these prices if I delay... +So I'm having a bit of FOMO here on owning these shares. + +Is it really wheeling if you only sell covered calls? +And if I'm that in love with $BABA and $NIO - should I not be wheeling them in the first place? + +What have you fellas done in the past? + +Really appreciate any advice my dudes 👍 +In today's lesson, I decided in addition to CSP, I would use credit spreads. I had a little more than enough capital for 1 CSP on $WMT yesterday. So I sold it. I then did 5 Put Spreads selling the $141P. I'm down huge and don't have the capital to wheel my way out. + +Note to future self. Only do spreads when I am willing AND ABLE to deploy capital if I'm wrong. +Related to my other post. I am curious if people would be happy to upload, as whilst I appreciate people have spent a lot of money on their report, they are now not worth anything to you but would be invaluable to other buyers. +So on Wednesday January 27 the AMC option chain showed a Jan 22 $15 put with an asking price of $33.20. How is that even possible? I took a screenshot too. It was real. Someone please explain +Thanks for all the words of support yesterday and helpful advice. + +Yesterday evening after work I called my parents. I was so nervous speaking to them I nearly had a panic attack. As soon as I told them the situation in was in my mum asked how much I needed and transferred it to me. + +I've paid off my credit cards and just need to call them this morning to close the accounts. Once the loan companies open I will call them and have them paid off. I've set-up a monthly payment plan with my parents and hope to have it all paid off in less than two years. + +My parents were so supportive and helpful. I don't know why I was ever afraid to speak to them. I guess I was ashamed of myself and felt like a massive disappointment. I know I'm very lucky to have parents that can help me out, even though I know they don't have a lot of money. + +Next steps for me is making an affordability compliant against the payday loan companies I got involved with years back. I 100% accept that I made the decision to apply for these loans but background checks on me would should have flagged me as a bad lender. If anyone else needs help with this I recommend reading more here - https://debtcamel.co.uk/ +Link at bottom. + +This is basically just a re-post of one of the top posts from several days ago, which has been DEBUNKED. + +I'm still seeing a lot of people talking about Oct 19 being a critical day because it's 90 days after GME's splivy. Well that much is true... it's been 90 days since the splivy was mishandled. + +But GameStop's filing speaking about "taking action after 90 days" was in regards to the "at the money share offering" which occurred last year. It has NOTHING to do with the splivy. Not to mention, haven't we been counting "90 days" for over a year now? lol + +I'm not saying that GameStop can't take action for the mishandling of the splivy... maybe they can? I don't know! I'm just saying there is no "90 day period" and the filing was misinterpreted. + +Sorry if I'm killing some hype but I'm just tired of seeing this still circulating. + +[https://www.reddit.com/r/Superstonk/comments/y3feqt/credit\_to\_mikeleclair16\_on\_twitter\_for\_pointing/?utm\_source=share&utm\_medium=android\_app&utm\_name=androidcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/Superstonk/comments/y3feqt/credit_to_mikeleclair16_on_twitter_for_pointing/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) + +EDIT: adding link to the filing + +https://news.gamestop.com/node/18961/html +As a Result of Corporate Due Diligence, as Well as the Latest News Reports Regarding Mishandled Customer Funds and Alleged US Agency Investigations. We Have Decided That We Will Not Pursue the Potential Acquisition of FTX.com. + +In the Beginning, Our Hope Was to Be Able to Support FTX's Customers to Provide Liquidity, but the Issues Are Beyond Our Control or Ability to Help. Every Time a Major Player in an Industry Fails, Retail Consumers Will + +Suffer. We Have Seen Over the Last Several Years That the Crypto + +Ecosystem Is Becoming More Resilient and We Believe in Time That + +Outliers That Misuse User Funds Will Be Weeded Out by the Free + +Market. + +As Regulatory Frameworks Are Developed and as the Industry Continues to Evolve Toward Greater Decentralization, the Ecosystem Will Grow Stronger. +There's a strong case to move to no income tax states such as Florida, Texas, Nevada, Tennessee* (I believe TN is eliminating the dividends/interest tax in the coming years) especially from outrageous cost of living areas in CA and the northeast. The tax reform SALT changes seem to be accelerating this especially NY'ers to FL. + + +I moved out of my parents house at 19 due to a dysfunctional family life. Ever since, I've been bouncing around between apartments with roommates. With the rising costs of just about everything, I feel like I'm losing the battle financially. + +My current situation is I'm living with a roommate/friend in a duplex while working full time and going to school full time (12 credits a semester, fully online). I completed my associates degree in Business Management last Fall, and now working on my Bachelors in Supply Chain Management. This past May, I've finally landed my first real career job (48k a year, LCOL). + +Despite working fulltime, I feel like I'm drowning in this endless loop of paycheck to paycheck. Because I've had to submit my parents financial info for FAFSA, I get very little aid (they make too much) and I'm left shelling out a couple thousand dollars each semester. They don't and won't contribute a dime, despite sending my sister to an expensive 4 year school and supporting her all throughout. + +As if working full time while in school full time wasn't enough, I'm just barely scraping by to pay bills each month (rent, food, school, insurance, medical bills from a past injury, etc..). + +I have $1000 to my name right now and I feel pathetic. My anxiety is surging and I'm constantly in a state of anxiously waiting for pay day to come. I only feel slight hope in that I have 1.5 years left of school, and once I have my bachelors I will be in a better position to advance my career. Also, I signed up for tuition reimbursement through my employer for a few classes this semester. That will be a huge relief if all goes according to plan. + +Sorry if I sound like a huge complainer, but finances have been really bothering over these past few years ever since I've been out on my own. If anyone has any tips/advice that'll set me on the right track, it'd be greatly appreciated. Thanks. +Hello everyone, + +I just wanted to see what the overall consensus was on selling Bitcoin. The well-known Bitcoin advocate Mr. Michael Saylor has already stated that you should never sell your Bitcoin and that you should hold onto it for life. He argues that when you sell you're Bitcoin you're taxed, but if you hold onto it you can borrow against the Bitcoin (tax-free) at a decent interest rate. Platforms such as Block Fi offer this type of service. + +What do you guys think about this? If I double my investment during this next bull run it would be tempting not to sell a little bit for liquidity purposes. I do love Bitcoin and the direction it's going so I plan on investing in this for the long term regardless of short-term price fluctuations. + +Thanks +Seen a lot of discussions about Job Keeper and people being scammed or not getting it from their employers, which is really discouraging when people are tryign to band together. + +Here's my quick understanding to put the business perspective out there. I'm not a business owner, and am thankfully employed at the moment, but I've been speaking with family and friends who run small businesses and this is some of the feedback i've heard about Job Keeper. + +Putting aside employees and employers eligibility the key thing which is catching businesses out is that they need to pay their employees the $1500 per fortnight. For some businesses this may not be a simple thing. + +If they had 10 casuals who worked a small amount of hours each a week. That's 10 employees x $1500 x 2 fortnights. That's $30,000 that the business needs to have to cover them until the Government's payment comes through. If a businesss is completely shut down and not receiving any income this could be pretty hard (yes there's options around low interest loans at the moment), so for some businesses who are struggling with cashflow it mightn't be that easy. They may want to pay their employees the Job Keeper, but just don't have the cash to get the ball rolling. + +The ATO does allow businesses to make a [late payment](https://www.ato.gov.au/General/JobKeeper-Payment/Employers/Paying-your-eligible-employees/#Whentopay) up until the end of April for the 2 fortnights in April. However, the business still has a gap in money between then and early May when they get the money back from the ATO for JobKeeper. I think they then have to rinse and repeat for the following 5 months of payments. + +I'm not trying to excuse businesses who are scamming or doing dodgy things, nor get into a debate into how much cash flow / emergency funds a business needs to have. Just trying to give people a perspective on how some smaller businesses will be struggling to get over the first hurdle to Job Keeper. It's probalby one part of Job Keeper that isn't quite as smooth as it could be. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +**Note:** None of this is financial advice. Just sharing of news that is freely available for anyone to verify, along with some of my own opinions on those matters (and nothing more than that). + + +Ladyapes and Gentleapes, I know you are all waiting patiently for the market to open tomorrow. So while we stare longingly out of windows, I thought it is a good time to take stock and review what has happened so far this month, and what may be to come in the next couple of weeks. So here is a run-down of key events, along with a healthy serving of speculation on my part. + + +**Sep 1st:** BCBS-IOSCO’s Uncleared Margin Rules (UMR) Phase 5 in effect. SHFs must post significantly higher initial margin for trading OTC Derivatives (e.g. Options, Swaps and Futures). Forecast by the DTCC lead to an “upsurge in the volume of margin calls”. + +Speculation: *This will affect some of the mid-sized SHFs more than larger ones, in my opinion. This is based on a couple of replies I got from those working in the Buy Side industry and having a deep knowledge of UMR, after I posted about it last month. Some of the (relatively) smaller SHFs that have shorted GME may fail to post the increased margin requirements for making derivatives contracts. These could include derivatives such as Total Equity Return Swaps, which have been speculated to be the main method by which the SHFs have been using to kick the covering of short can down the road. Perhaps a number of these affected SHFs will be desperate to “roll over” existing Swaps contracts to keep on kicking that can, but may simply not have the collateral necessary under the new UMR regulations. As a consequence, we may see some of these firms failing Margin Calls, as we progress through the month.* + + +**Sep 1st:** Federal eviction moratorium due to the pandemic ended. From now, 11 million households are under threat of immediate eviction and homelessness. + +Speculation: *This is a macroeconomic issue that may have an impact on the unemployment rate, housing market, and general health of the economy. The stock market has not been particularly connected to how the economy and society has been fairing in the last 18 months…but the two always catch up to each other at some point. If millions are left destitute as a result of this moratorium ending, it could lead to bearish sentiment and a market crash. With GME’s Negative Beta status compared to the rest of the market, this could well lead to it mooning while everything else crashes.* + + +**Sep 3rd:** NSCC’s SR-2021-005 in effect. Requires each member - including SHFs that may have dozens, or even hundreds of shell companies - to post 25x in deposits to the NSCC than before. + +Speculation: *There are about 4000 financial institutions that are members of the DTCC and are required to post deposits to continue to “stay on the dance floor”. The new deposit of $250,000 will not be a major issue for the likes of Shitadel, in my opinion, even with their numerous shell companies. But it could become a serious issue for small hedge funds and family offices, some of whom may be short on GME. It only needs a few of these to fall foul of this regulation, be Margin Called, and from there start a domino effect as their positions are forced closed. Note that some may have failed Margin Calls already last Friday, although again we will only know as the month progresses.* + +EDIT - further speculation from u/East_Fee4006: *The way I read -005 is that it is not per institution but rather per trading account. Hence the reason Shitadel raised such a huge objection in Apr.* + + +**Sep 6th:** Approximately 11 million Americans will lose weekly federal pandemic unemployment benefits. For the majority, this is their sole income source. + +Speculation: *See above about the Federal eviction moratorium ending. The same macroeconomic effects apply here, and GME’s Negative Beta status once again means a market crash could result concurrently in the MOASS (just don’t dance, though…)* + + +**Sep 8th:** GME’s quarterly earnings report is announced. Having secured its financial position, and with continued growth forecast for the foreseeable future, this includes the potential for announcing a quarterly dividend (as had been consistently the case up to 2019). Such a dividend could take the shape of a digital format - such as issuance of an NFT - which may mean SHFs having no option but to cover their short positions. + +Speculation: *The situation seems perfectly set up for GME to make some kind of “BIG” announcement on Wednesday. What this will be remains to be seen, but with a healthy cash surplus, the company does have the funds necessary to issue a dividend. However the real fun would be if, instead of a cash dividend which short sellers could pay out, it is in digitalised. There has been speculation on this sub for months now that GME is developing something using NFTs, and it may well be that this is nothing to do with dividends. However, equally, the Overstock saga showed us that it is a sure fire way to successfully get short sellers off a company’s back. That episode has resulted in multiple legal battles, some of which are still ongoing, so Ryan Cohen may feel it is not worth the fight. However he bought into and became Chairman of GME with a purpose, and the company can really only flourish once SHFs are ripped from its back. The CEO Matt Furlong announcing a dividend in the form of an NFT would go a long way towards achieving just that, in a very short space of time…* + + +**Sep 9th:** Final day for “rolling over” of Equity Index Futures contracts. The theory is that the counter parties of SHFs who have shorted GME using Equity Total Return Swaps, would have bought Futures contracts as a hedge against the share price rapidly increasing. These Futures contracts expire every three months and must be either closed (by buying the underlying stock) or “rolled over” by partially closing out the contract. Up until this final rolling over date, the counter parties must buy the underlying stock in order to go Delta Neutral, increasing the share price. + +Speculation: *During the period from when these Futures contracts settled to the final rolling over date - running from August 26th to September 9th - the counter parties have no option but to buy the underlying shares. As with the March and June run-ups the price inevitably spikes, this time potentially packed into an action packed three days from after the Labor Day weekend, as they seemingly did not carry out this action last week. The result could be some big run-ups in the price on Tuesday 7th, Wednesday 8th and Thursday 9th…just before Matt Furlong announces earnings as a potential knockout blow.* + + +**Sep 14th:** US Bureau of Labor Statistics releases Consumer Price Index report for August. Annualised inflation rate up to July was +5.4%, and the current forecast is for August to be slightly below this. + +Speculation: *There could of course be a surprise and the annualised rate remains at or higher than forecast. Even if it is a little under July’s +5.4%, recent months have consistently been above 4%, and an announcement of this continuing could lead to an immediate impact on stock prices. Generally speaking, high inflation means high borrowing costs and lower forecasted earnings for companies. Continuous high inflation figures, particularly surprise figures, has therefore often led to high volume sell-offs of stocks i.e. market crash. Once again, such a macroeconomic impact could lead to the Negative Beta GME rocket launching, with the rest of the market in flames below it.* + + +**Sep 17th:** Quadruple Witching Day and expiration date of the above mentioned Equity Index Futures contracts. QWDs generally sees high volumes of trading, thus high volatility for stocks with large Options interest. + +Speculation: *The previous Quadruple Witching Days promised much, but failed to deliver(!) I believe this was because the SHFs suppressed the price of GME massively back in March and June, when these were hugely hyped up by Apes. However, such price suppression by the SHFs is seemingly not having as much of an effect now as before - they are barely able to hold the share price down these days. So will the SHFs have enough left in the tank by this date to counteract the effects of QWD? If not, then this QWD may well see high volatility and high trading volume, and actually have an effect on the share price. Third time lucky, perhaps, for the QWD hyping…?* + + +So there you have it - some of the key events we have coming up until mid-Septembrrr. Have I missed anything or got any of this wrong? Feel free to dissect and correct me if there are any errors. If there are some other key events happening in the next couple of weeks that you are aware, please share that information. + +Of course, take the speculation parts with a grain of salt, given these are just the insane ramblings of a financially illiterate lower primate. But sometimes the crazies can see things extra clearly…and this particular mad Ape is **titted to the jacks** at the prospects for tomorrow and beyond! *Hedgies r fuk.* +And I got another job lined up! + +$14.35 an hour -> $19.00 per hour + +28 hours a week to-> 36/48 hours a week (it alternates) + +Part time -> full time with benefits + +5 days in a row -> 3 on 2 off 2 on 3 off 2 on 2 off + +Confusing flexible schedule -> fixed schedule + +No overtime -> Overtime + +Retail -> Packaging + +I live in upstate NYS if anyone is wondering. + +$19 an hour may not be much but I'm proud af for resigning from my 1st job after 4 years! + +Advice: Your job is NOT anything like a boyfriend/girlfriend/fiancée/husband/wife/friend relationship. If you sense the ship sinking, like I was, GET OFF OF IT before it gets worse! +CoinMarketCap removed Korean Exchanges from their price averages making it appear that many cryptos are crashing when in fact nothing had changed. No warning was given and the only way to tell what happened is seeing the small asterisk next to Korean exchanges in the market section. This has led to panic sells and mass confusion about the market value of cryptos such as XRP. I don’t know why they did this, but I’m furious at their lack of public notification prior to doing so. +hello everyone!!! + +To keep it short and sweet I finally get to start my career in IT! After so many struggles and hurdles, I'm finally in! It has to be the highest-paid job I have to date, paying me 51,000 a year. + +But what financial advice can you guys give me in terms of saving, investing, and spending? + +I want to move out of my mom's home so any advice would be greatly appreciated +Often I see people either taking analyst recommendations seriously, or saying that Wallstreet analysts are a bunch of idiots. Neither is true. The important thing to understand here is that it’s actually not their job to help retail investors (you) make money. Here’s how Wallstreet actually works: + +Most research analysts work for banks. You probably know that these analysts get paid very good salaries. But research in and of itself doesn’t generate revenue. So how is their existence justified? + +Let’s first talk about how banks actually make money. Banks generate revenue via corporate activities – these include both equity and debt financing deals – when a company sells new stock to investors, Wallstreet takes a clip. They also take a clip when a company issues new debt. It is true that investors pay Wallstreet some commissions to trade stock and to consume research, but those are dwarfed by fees for facilitating debt and equity issuance. Wallstreet also makes big fees when companies buy one another, so called mergers and acquisitions. + +So as a bank, you want to do everything you can to get a company to choose you when they are selling additional securities. How do they do this? Well one good way is to write flattering research about the company. A research analyst at an investment bank is not supposed to make recommendations that help investors make money, the research analyst is supposed to make recommendations that maintain good relations with the company, so that their ECM, DCM and M&A teams can get deals that make the bank money. + +If we take an example – some people have asked me why do research analysts keep upgrading Tesla’s stock price target as the share price goes up? No, it’s not because they are stupid. No, it’s not because they can’t see that Tesla is more expensive than all the other US automakers combined. Yes, they can see that the stock price went up while Tesla stopped making cars. BUT Tesla is a company that requires a lot of money (maybe even more now due to their production delays)! And that means both equity issuance and debt issuance. The ECM and DCM bankers are sitting there salivating at the fees that they can make as long as Elon picks them as the lead bookrunner. And these are the guys that get paid the big bucks on Wallstreet – they go and have a word with the manager of the guy that writes about Tesla, a much lesser earner, and make it clear that they need their firm to stand out as the most bullish on the street, so that Elon chooses them for his next raise. Consequently all of Wallstreet falls over each other to keep upgrading in the hopes of getting into the company’s good graces. It’s twisted, but this is just how Wallstreet works. + +This is also why there are no upgrades for boring cheap and profitable companies. They don’t need Wallstreet, so Wallstreet doesn’t talk about them. On the other hand, if you are a money burning software company that pays their employees in stocks? No problem, no profits required – you will get upgrades. Research analysts are required to tie themselves into knots to justify any stock price, lest their delicious bonus will look an awful lot less delicious. + +The same goes for companies that like to make acquisitions – cash rich guys with a bit of an empire building streak – here Wallstreet wants to pander to them to make money on the acquisition streak – think Allergan before it blew up. Also companies that are in areas where a lot of M&A activity is going on – guys that may be purchased by said acquirers – Wallstreet wants to pump these up to make a bigger fee when they get taken out! + +Of course, the issue with buying into this is that it can blow up at any moment. Wallstreet can’t manipulate the whole market. Wallstreet also doesn’t care if Tesla goes to $300 and all the “suckers” (as they call them) who bought based on their recommendations lose money. Once Wallstreet can’t make money out of a company, they don’t care about it anymore. They will still be laughing all the way to the bank. + +**TL;DR: Wallstreet analysts are a bunch of self-interested cheerleaders. Don’t expect them to produce any actual research based on facts. Just like you, they want to make money.** +My mom has repeatedly asked for my kids social security numbers due to something in her will. I am not aware of anything that would require an SSN, and I prefer not to give my kids SSNs unless absolutely necessary. Any ideas on why this might be required? +I've always been intrigued by dividend stocks. The thought of having a constant form of cash flow/income always seemed like a good idea, and some protection from the overall volatility of the stock market. However, from what I've seen, dividend stocks tend to have less overall growth compared to growth stocks. I like the idea of putting something like SCHD or VYM in a roth IRA, but what would be the point if the S&P and Nasdaq outperform it? Are there any dividend stocks that tend to outperform the market, or is there some element I'm missing? +^&nbsp;(Quoted ^text ^by ^Greg ^Maxwell. ^Reply ^text ^by ^Mike ^Hearn.) + +>Greg M: It was _well_ .... understood that the users of Bitcoin would wish to protect its decenteralization by limiting the size of the chain to keep it verifyable on small devices. + + +No it wasn't. That is something you invented yourself much later. "Small devices" isn't even defined anywhere, so there can't have been any such understanding. + +The actual understanding was the opposite. Satoshi's words: + + "At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware." + +That is from 2008: + +http://satoshi.nakamotoinstitute.org/emails/cryptography/2/#selection-75.16-83.14 + +Then he went on to talk about Moore's law and streaming HD videos and the like. At no point did he ever talk about limiting the system for "small devices". + +I have been both working on and using Bitcoin for longer than you have been around, Gregory. Please don't attempt to bullshit me about what the plan was. And stop obscuring what this is about. It's not some personality cult - the reason I keep beating you over the head with Satoshi's words is because it's that founding vision of the project that brought everyone together, and gave us all a shared goal. + +If Satoshi had said from the start, + + "Bitcoin cannot ever scale. So I intend it to be heavily limited and used only by a handful of people for rare transactions. I picked 1mb as an arbitrary limit to ensure it never gets popular." + +... then I'd have not bothered getting involved. I'd have said, huh, I don't really feel like putting effort into a system that is intended to NOT be popular. And so would many other people. + +&nbsp; + +>Greg M: Don't think you can claim otherwise, because doing so is flat out wrong. + +I just did claim otherwise and no, I am not wrong at all. + +>Greg M: (Which, incidentially, is insanely toxic to any security argument for SPV; ---- and now we see the market failure that results from your and Gavin years long campaign to ignore problems in the mining ecosystem: + +Since when have we "campaigned" to "ignore problems" in the mining ecosystem? What does that even mean? Was it not I who wrote this blog post? + +http://blog.bitcoinfoundation.org/mining-decentralisation-the-low-hanging-fruit/ + +Gregory, you are getting really crazy now. Stop it. The trend towards mining centralisation is not the fault of Gavin or myself, or anyone else. And SPV is exactly what was always intended to be used. It's not something I "fixated" on, it's right there in the white paper. Satoshi even encouraged me to keep working on bitcoinj before he left! + +&nbsp; + +Look, it's clear you have decided that the way Bitcoin was meant to evolve isn't to your personal liking. That's fine. Go make an alt coin where your founding documents state that it's intended to always run on a 2015 Raspberry Pi, or whatever it is you mean by "small device". Remove SPV capability from the protocol so everyone has to fully validate. Make sure that's the understanding that everyone has from day one about what your alt coin is for. Then when someone says, gee, it'd be nice if we had some more capacity, you or someone else can go point at the announcement emails and say "no, GregCoin is meant to always be verifiable on small devices, that's our social contract and it's written into the consensus rules for that reason". + +But your attempt to convert Bitcoin into that altcoin by exploiting a temporary hack is desperate, and deeply upsetting to many people. Not many quit their jobs and created companies to build products only for today's tiny user base. + +&nbsp; + +My list of "things a full node is useful for" wasn't ordered by importance, by the way. + +&nbsp; + +-Mike Hearn +------------------ +_____________________________ +Source: http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-July/009726.html + +Link to sign up: https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev +Let me preface this by saying I've become aware a lot of people here regard thinking to be a waste of energy. I'm not here to debate that. I just want to put forward some info and then leave a checklist of things we can look for to see if it is correct or not. Because that's how we do about determining if things are useful or not - testing and evaluating. + +&#x200B; + +We're going to be using a couple models that have been developed a long time ago. A long time before there was Bitcoin. + +&#x200B; + + + +Here's the template of an [economic bubble as first defined by Charles P. Kindleberger](https://en.wikipedia.org/wiki/Economic_bubble) - everyone will have seen this before. + + + +&#x200B; + +https://preview.redd.it/8xjc9g01rre71.png?width=888&format=png&auto=webp&s=47ce1d74d11492fcdbc30adde39651954d97c63f + +Here's a BTC analysis I did in March using this template. I'd assumed the high was in at 60K, it was not. The high was made at 65K. Everything in my analysis was about 5K off - about 8- 9 % variance (Which I think is okay). + +&#x200B; + +https://preview.redd.it/vrw19zduqre71.png?width=1369&format=png&auto=webp&s=9d14c0e154bb5ecc156e874cc93377eed368dfa3 + +Since it was 5K off the swings need to be adjusted 5K. So here's the swings re-mapped to account for that. + +https://preview.redd.it/jjyfkrvlrre71.png?width=1690&format=png&auto=webp&s=7bacc1b23728a3d7f8c325362be093b07cd1b628 + +This is interesting, because the model here does a pretty good job of forecasting the form of the swings down and also the size of them. The low here comes in pretty much where would be expected (Which is just over 50% drop). + +&#x200B; + +And by the original model we should then go into this retracement, and this retracement should end somewhere around or just over 40K. Again we need about 10% variance. + +https://preview.redd.it/8pqezyjzrre71.png?width=1101&format=png&auto=webp&s=aa2bbdc973149de8c0544c87b427a88deecb050c + +&#x200B; + +Next we'll bring in the Elliot model to this. [Expert Market Forecasting Using the Elliott Wave Principle :: Elliott Wave International](https://www.elliottwave.com/) + +&#x200B; + +Elliot's theory can be complicated and confusing but there are ways to simplify it. As always I like to template things and then apply these templates until they no longer work. And here's one I made earlier for the Elliot model. I posted this several months ago. While BTC was the high (And this was done for all trading assets, not just BTC). + +https://preview.redd.it/1a5e6nugsre71.png?width=1739&format=png&auto=webp&s=d4db72f724348d3712d8cf326322158aede275f4 + + + +And if we were to be applying this sort of template move, then this; + + + +https://preview.redd.it/pfmqkcaksre71.png?width=344&format=png&auto=webp&s=6453a9e9b5ff0778152e61791a32532b08daab94 + +Would be most like this. + +&#x200B; + +https://preview.redd.it/0a4xw6jlsre71.png?width=302&format=png&auto=webp&s=379eee29d1eff44371183aa729fac3b538d10120 + +&#x200B; + +Again here we're matching multiple points. There have been two swings down. There's been a range. We've seen a parabolic move. There's a little breakout being made which I think may turn into a false breakout - the size and style of the moves are significantly similar - to an extend that chance seems unlikely. + +&#x200B; + + In Elliot's theory, this would be us in wave 4. Wave 4 should be expected to be messy, choppy and have false breakouts. Wave 4 is often hard to spot until late into the wave or indeed after the fact. Usually here I'd include a bunch of previous forecasts I've made based on wave 4 to show how similar these all look and how useful it's been previously - but this sub obviously gets spammed a lot and it means I can't add links to my profile, which is fair enough. + +&#x200B; + + In wave 4 the retracement should end by 38%. Typically this is where the false breakout can go to and anything above that is more likely to be a real breakout. I thought we'd hit that already but we were slightly shy of it and the market does love a good little trick. We're shooting up towards the fib level now - around 42,250 on BTC. + +&#x200B; + +https://preview.redd.it/n39y8z45tre71.png?width=1714&format=png&auto=webp&s=f49749ea6de07f8abc0fd9fc8efc9ef5250e98a4 + +And that's another match. We now have an even longer series of very unlikely matches. + +If this level was to break and run to the 50% retrace, I'd be reversing on my position and expecting to see prices go parabolic some time in the near future. + + + +https://preview.redd.it/37hjmsw9tre71.png?width=1704&format=png&auto=webp&s=8a8772b5358176afbdda7e94b65ad496b18e54ae + +&#x200B; + +But as things stand right now, I think we're likely into the reversal zone for this bull move during the 42,000's range. + + + +Which would put us heading into this swing. + +https://preview.redd.it/pmvfgq0itre71.png?width=1009&format=png&auto=webp&s=cae56441b68390cc5b5af3c544517f9deef87ada + +&#x200B; + +So here's the testable forward looking criteria - + +&#x200B; + +* BTC will make a high soon. Somewhere in the 42,000s. +* It will then drop to a 161 extension of the range - which will be somewhere between 20 - 18K. +* From there a parabolic move will start. +* The parabolic move will have 2 main legs and these will end somewhere around 45K. +* From 45K there will be another downtrend. +* This downtrend will head down to the levels given in my forecast in March, about 10K. + +&#x200B; + +Set remindme's if you'd like to track this. My estimate is 3 months should be enough to have seen the swing down and at least the start of the two legged bounce. +# The Gamma Snake + +&#x200B; + +[The 💲 G M E Gamma 'Snake' - Note: 💲 A M C too is following this trend](https://preview.redd.it/50nonoc3csq81.png?width=1216&format=png&auto=webp&s=e9f1bcfcf47b2a414e3556be582c11c7a712c22d) + +&#x200B; + +[ Today's price action resembles January 21st, 2021 ](https://preview.redd.it/qpsim5arjuq81.png?width=903&format=png&auto=webp&s=b037a0f2878525f6fb8c03168331e3c702798b49) + +&#x200B; + +***Note Regarding the Stock Split via a Stock Dividend***: Before short-sellers come to a position where they have to provide the dividend that they owe on their borrowed shares (via buyback), there would likely be a *share recall* to account for actual share ownership (DRS, etc). This implies that short-sellers would be *incentivized* to buy-in to cover and return shares prior to the record date of the stock dividend. Shorting-Hedge-Funds who are considering waiting until after the record date would have to pay back the split-factor on what they owe (in this case, it could a requirement for them to pay back 7x more shares). If there are 72 Million more shares lent than returned (as of today via Ortex historical data), then they would have to account for 504 Million post-split shares. Additionally, with any run-up in share price due to the cheaper cost for investors to buy new shares off the open market, short-sellers would have to pay back higher premiums on the 7x shares that they do owe - leading to acute and outsized **risk** for any client who invests with Hedge Funds(s) who have sold these stocks short - risk caused by an increase in margin/collateral requirements that they, if they wait any longer to cover, would not be able to afford. + +&#x200B; + +***Note Regarding the Split Vote at the Shareholder Meeting***: Shareholders are normally financially incentivized to vote 'yes' in favor of splits. This means they must exercise their right to vote (in person or remotely). All GameStop shareholders would want to pay attention to GameStop company news of when that shareholder meeting and vote takes place. If shorting-hedge funds want to vote against the share split, they would have to recall lent shares! Even though Chairman Ryan Cohen did wait until the DRS numbers and insider shares were high enough to be able to secure the vote, votes would still have to be cast by retail investors in order to earn the split approval by majority vote. + +&#x200B; + +[Unironically, the stocks' price action in this gamma ramp scenario can be described as that of a Green Tree Python Snake, which waits for the right moment before snapping - readily jumping up at its prey - in most cases by a distance of several body lengths](https://i.redd.it/qcs1oud47tq81.gif) + +&#x200B; + +**TLDR**: Shown in this technical analysis is the Gamma 'Snake', which shows that the gamma ramps are met with expected weekly consolidation (in part due to SHF attempts to falsely-attenuate the market price). As we discovered with January 21st-28th, 2021, the effect of that hedge fund strategy was met with an outsized price runup. In this case, GameStop has announced a shareholder split as a dividend, which will continue to add demand for the stock, as shareholders race to collect the increased shares from the split, via a dividend. This only serves to exacerbate the right-side of the Gamma 'Snake,' in which, similar to end-of-month January 2021, the 💲 G M E and 💲 A M C stock prices both become power curves with exponential growth, since they have become hyperconnected through all of the baskets of 'meme-stock' ETFs. + +*Although tomorrow is April 'Fools' Day, GameStop and AMC Theatres shareholders are clearly not the 'fools' with their investments. As today is March 31st, 2022 -this is not a joke-. GameStop's stock split via dividend, and AMC's expansion, indicate 'a massive position of strength' for the companies. gg* + +Edit: I am [long in these stocks](https://imgur.com/a/NIjNiUa) with play monies. I moved GameStop holdings for this account over to computershare (DRS). I did invest my tax return. I now stand in rightful compliance to a "position or ban" challenge, as I hereby 'yield' by displaying my position in lieu of facing a permanent ban. +So I’ve just been pre-approved for a 500k house loan. I have a 50k deposit. Does that mean our bargaining power extends to the full 550k and we can put an offer on a house for that much. Or has the bank already taken that into consideration and 500k is our max? We have disclosed all assets and deposit amounts to the bank. I realise I should know this but my broker isn’t answering and I’ve had seriously conflicting answers from friends and family. Please help this clueless FHB. +The current situation is a paradox where seemingly bad news is actually excellent news. We all want this to pop off but the diamond handers need more time to rescue shares away and put them into the unassailable diamond vault. Don’t you get it ape? A delay in the MOASS is your desired outcome, something you should be cheering for daily and relieved about at closing bell. +# dxDAO - the First Crypto Exchange Run by a DAO + + +**Marcet cap:** 1.3 MLN +**Token handle:** $DXD +**Circulation supply:** 23 695 / 123 224 +**Team:** Great members of Loopring, Kleros, Gnosis, Ethereum +**DXdao powered Dapps:** Mix.eth / Omen.eth / Mesa.eth - revenue from Dapps goes to DXD holders. + + +**DXdao** is a decentralized community that develops, governs, and grows **DeFi** protocols and products. Its initial members were seeded through a 1 month process where over **$20M** in **ETH** and other tokens were staked and **400**\+ addresses received Reputation. + +Since then, DXdao has been advancing critical DeFi infrastructure like **Mesa.eth**, a recently launched frontend to the **Gnosis Protocol**, and **Omen.eth**, a soon-to-launch prediction market platform. + +**The DXdao** is also involved in developing **Mix.eth**, governing DMM, and maintaining the **DutchX** trading protocol. In order to bootstrap these efforts and broaden its stakeholder base, the DXdao recently voted to launch a public OpenRaise campaign. + + +# Let’s go deeper in what that means. + +**Starting with Gnosis Protocol**: Gnosis Protocol is built in the spirit of permissionless innovation. Its fully decentralized architecture means you don’t need to trust us at Gnosis to build on our protocol. Not only can anyone list tokens or build integrations, Gnosis Protocol's order settlement process does not rely on any operator. + +Here you can learn more about the protocol and everything you need to start building. Start with the introduction, use cases, or a deep dive into the contracts. + +Gnosis Protocol is a fully permissionless **DEX**, which has been in research and development over the course of the last two years. + +Gnosis Protocol enables ring trades to maximize liquidity. Ring trades are order settlements which share liquidity across all orders, rather than a single token pair, and uniquely suited for trading prediction market tokens and the long tail of all tokenized assets. + +**Gnosis GitHub Page:** +[https://github.com/gnosis](https://github.com/gnosis) + +**As you can see there is a lot of development going on which includes:** + +* Interface for conditional markets for Gnosis' Conditional Token Standard +* Safe Transaction service which keeps track of transactions sent via Gnosis Safe contacts and confirmed transactions. It also keeps track of Ether and ERC20 token transfers to Safe contracts. +* Dex services – off chain services for the Gnosis Protocol +* Safe iOS – Gnosis iOS Ap +* Safe Android – Gnosis Android App + +And many other developments… + + +# Which leads us to DXDao products: + +**MIX.ETH** +**Mix.finance/Mix.eth** \- A portfolio tracker with privacy and security as its core. + +The goal of Mix is to deliver a portfolio manager for the Ethereum ecosystem with privacy, security and a good user experience as a core feature. With the emergence of DeFi 2, decentralised autonomous organisation frameworks (Aragon, 4 Daostack 2) and privacy enabling technologies (zk-SNARKs 3) we can finally deliver a next level wallet interface/portfolio manager. + +**Deeper dive into Mix.ETH:** +[https://daotalk.org/t/mix-eth-seeking-feedback-on-proposal/1183](https://daotalk.org/t/mix-eth-seeking-feedback-on-proposal/1183) + +**MESA.ET** +**Mesa** is an Open Source interface for the Gnosis Protocol, a fully permissionless DEX that enables ring trades to maximize liquidity. + +**Deeper dive into Mix.ETH:** +[https://mesa.eth.link/](https://mesa.eth.link/) + +**OMEN** +**Omen** is a fully decentralized prediction market platform built on top of the Gnosis conditional token framework. Slated to launch in the coming weeks, Omen will allow anyone to create a prediction market- be it in the realm of crypto, sports, politics, entertainment, etc.- and stake funds on a particular outcome. + +“People can and will continue to disagree about important topics — that is natural and important — but prediction markets force them to acknowledge the current consensus and whether their input is persuasive.” — Flip Incoming, “The Case for Prediction Markets” + +Generally, if you look at the cryptocurrency market, people buy and sell crypto based on their prediction of its future value. Prediction markets (also known as information markets, idea futures, event derivatives, decision markets, etc.) allow people to buy and sell outcomes of events. Because people are staking their funds in these markets, the truth becomes its own profit-bearing asset. Prediction markets can serve as aggregators of superior knowledge, where the market share price adjusts to new information and reflects the probability of future outcomes. Omen facilitates all of this on-chain through Gnosis’ conditional token framework. + +**Deeper dive into Omen:** +[https://daotalk.org/t/omen-mvp-overview/1229](https://daotalk.org/t/omen-mvp-overview/1229)[https://medium.com/bitfwd/omen-dxdaos-new-flagship-product-4976be96d312](https://medium.com/bitfwd/omen-dxdaos-new-flagship-product-4976be96d312) + +# TEAM: That’s part is getting really interesting since we need to start with beginning what DAO really is. + +DAO is a Decentralized Autonomous Organization (**DAO**), sometimes labeled a decentralized autonomous corporation (DAC), is an organization represented by rules encoded as a computer program that is transparent, controlled by shareholders and not influenced by a central government. + +The dxDAO is a community-governed DAO which means they don't really have a team since it's a community driven project. + +The dxDAO is a community-governed DAO with total control over the DutchX trading protocol. + +**Watch this explainer video how DutchX operates**: +[https://www.youtube.com/watch?v=\_TBVXT6XIe0](https://www.youtube.com/watch?v=_TBVXT6XIe0) + + +The dxDAO is not a Gnosis DAO. Gnosis is not part of the dxDAO. Although the technical development of the dxDAO is a project of Gnosis Limited with the support of DAOstack based on DAOstack’s Framework, the contribution of the Companies was limited to providing the technical basis for the dxDAO, including its one month initialisation phase, which ran from 29 May to 28 June 2019. Gnosis Limited did not participate in the initial voting rights’ distribution in the dxDAO. + +This readthedocs document aims to make it easier for interested third parties to understand the DutchX and dxDAO data as critical infrastructure of the Ethereum blockchain ecosystem. + +If you want to get deeper dive about this project check out link section in the bottom of article. + +# Market overview: + +**Maker (MKR)** is a utility token, governance token and recapitalization resource of the Maker system. + +Maker \[MKR\] is a token based on Ethereum blockchain. The most actual price for one Maker \[MKR\] is $552.43. Maker is listed on 33 exchanges with a sum of 65 active markets. The 24h volume of \[MKR\] is $20 738 227, while the Maker market cap is $555 507 722 which ranks it as #24 of all cryptocurrencies. + +**MKR Rank:** 28 +**Marketcap**: $494,696,419 +**Available Supply:** 892,170 +**Max Supply:** 1,005,576 +**USD:** $554.8300 **BTC**: 0.05846718₿ **ETH**: 2.37206300Ξ + + +**24h Low & High** +$529.50| $590.08 + +# Comparing it to DXD: + +**DXD Rank:** 582 +**Marketcap**: $1,633,652 +**Available Supply:** 23,697 +**Max Supply:** 123,226 +**USD:** $68.9400 **BTC:** 0.00726726₿ **ETH:** 0.29483887Ξ + +**24h Low & High** +$55.88| $74.16 + + +# Other #DEFI Partners: + +**The DeFi Money Market (DMM)** provides a trust-minimized, transparent, and permissionless environment on the Ethereum blockchain that empowers users across the world to once again earn a positive yield through digital assets backed by a basket of interest-generating real-world assets brought on-chain into the DeFi space. DMM operates as an ecosystem where real-asset owners can tap Ethereum digital asset owners for funding, which also allows digital asset lenders to gain exposure to uncorrelated passive income. This enables real world asset owners to engage in collateralized borrowing at more competitive rates with a global permissionless reach. In the DMM Ecosystem, both the off-chain assets backing mTokens and the interest revenue generated from these assets are overcollateralized, thus protecting depositors. + +Being backed by real world assets also means DMM mTokens can offer users a much more stable and reliable ROI on their deposited funds (currently DAI, USDC, ETH) at a stable 6.25% APY. This is in contrast to many other on-chain money markets which offer variable interest rates driven by cryptocurrency leverage traders. Transparency into the off-chain assets backing mTokens and their valuations can be found on-chain and on the DMM Explorer. Additionally, our collaboration and usage of Chainlink’s decentralized oracles adds an extra layer of security and trust to the ecosystem by writing essential data on-chain that details the ecosystem’s valuation and total active collateralization. + +**Website**: +[https://defimoneymarket.com/](https://defimoneymarket.com/) + +**DMM DAO Partnership with DXDao** + +“DMM has and will continue to work with the DXdao, a DeFi-focused DAO, in crafting the structure and overall governance of the DMM DAO to utilize and implement best practices in DAO governance. The DXdao was granted a 2% allocation of DMG tokens, and is composed of over 400 stakeholders that control Ethereum protocols and related assets, a treasury of Ether and tokens, and oversees multiple different DeFi projects including Mix.eth, Omen.eth, and Mesa.eth. + +Through the governance structure we have laid out above, it is our goal that the DMG governance token and community DAO will enable DMM to become a highly decentralized protocol removing any single point of failure. We anticipate that changes and fine-tuning to this structure will be required and we are open to any and all feedback you may have as DMM is a community driven project first and foremost. + +By enabling permissionless access to a stable yield backed by revenue generating real world assets, we envision a world where your geolocation makes no difference to the ability to secure your financial freedom or grow your business.” + +**Source**: +[https://medium.com/dmm-dao/defi-money-market-dmm-dmg-governance-token-491c9a62c6bf](https://medium.com/dmm-dao/defi-money-market-dmm-dmg-governance-token-491c9a62c6bf) + +# TLDR + +**To put it in perspective/ This is your golden ticket to join DEFI wagon with uprising od DXDdao and Gnosis Protocol. 30% of MKR market cap will place DXD token at value of 6262 USD PER 1DXD.** + +**BUY IT AND HODL IT.** + +**Can’t do all detective work but remember I’m the person who called MFG from the bottom. I know my game.** + +# For further questions regarding DXdao’s campaign visit websites: + +**DXdao.eth** +[https://twitter.com/Dxdao\_](https://twitter.com/Dxdao_)[https://t.me/dxDAO](https://t.me/dxDAO)[https://twitter.com/Ingalandia](https://twitter.com/Ingalandia) + +**Sources:** +[https://medium.com/bitfwd/distributed-capital-formation-with-openraise-3af9a601ad63](https://medium.com/bitfwd/distributed-capital-formation-with-openraise-3af9a601ad63) +[https://docs.gnosis.io/protocol/](https://docs.gnosis.io/protocol/) +[https://en.wikipedia.org/wiki/Decentralized\_autonomous\_organization](https://en.wikipedia.org/wiki/Decentralized_autonomous_organization) + + +*This article is for informational purposes only. Please seek independent legal and financial advice in your jurisdiction before making any investment decisions.* +@therealmistercrypto is a Safemoon whale. On his Twitter accoun, 2 hours ago, he launched his first Crypto. Punani ! Since then, HUGE pump has happen and its mooning like crazy ! + +Some other Safemoon whale has joined the coin. + +I believe this coin is the next Clucoin or Ultrasafe ! + +Still a low Mcap ! + +12 % slippage + +100 000 000 000 max supply + +Doxed dev ! Mistercrypto has done a lot of irl stream. We know who he is ! + +He has a lot of money so he can push this coin even further than the moon if he want + +He only hold 900k coins + +He has proven to be someone we can trust on and he never sold any Safemoon. + +I think you should jump on the train since you are all early ! + +I personally already achieved a 100x ! + +Contract : 0xA19b8a4f3f6563853a02f44B551E51501eAd4c11 + +All big whales are still holding after CRAZY gains which means this coin is there to stay. I'm currently in the top 10 holders and I do not think of selling anytime soon ! + +This coin has so much potential its crazy ! + +Why would Mistercrypto kill his reputation by scamming his own community ? + +For me, this coin is a no brainer for how safe it is and how much people are backing it. +So I have just accepted an offer on my flat as I’m looking to upsize with my partner, however we have yet to find somewhere we like. + +The buyer who wants to make it a buy to let originally said they were in no rush. However it has only just dawned upon them that there is a stamp duty charges to be saved if they push it through before end of March. + +Obviously, this is something we would like to do for our future purchase as well, but we are realistic that we are running out of time to find something to buy ourselves in time. + +Therefore our buyer is suggesting that we could rent out place back from them, to help them beat the stamp duty holiday deadline. + +Therefore, is this a good idea? My preference would be to have a clean break from the property and buyer once it is sold, but at same time I’d rather not lose the sale. Am I right to think like that? Is there anything I should be aware of before deciding? +I have been living in a council flat since the age of 13. I now go to university and have my own place (rented).. However, I am moving back in to do a placement year in London and will after graduation be back there. It is a very nice flat tho. It is 4 bedroom, 2 toilets, massive living room and kitchen. + +The flat price goes for £300k. Which is a no-brainer .... if it weren't a council flat! + +The neighborhood is not the best either, in terms of everything; looks, smell and so on. + +Would you consider a council flat if the price is good enough? even if its location is in 20min cycling to central? +I'm not married. But I see a lot of posts listing spouses income as well etc, etc. + +It seems people in this sub are planners by the very nature of being here. + +Do people hedge their bets so to speak? How common is that? +Hi! + +I was just accepted into the full-time software engineering program with Flatiron and have approx. $0 to my name. + +I know I can get a loan with either Climb or accent with around 6.50% interest, is this a good option? I would theoretically be paying near $600/month. I really enjoy coding and would love to start a career in tech but the potential $19k price tag is pretty scary. Any advice? +I feel honoured to have witnessed his/her great acts of kindness back in 2017. + +The word legend was reserved for selfless and benevolent people like Pine. You can read more about this amazing story here: https://en.m.wikipedia.org/wiki/Pineapple_Fund + +I like to think he/her is still reading these forums and if they are, we salute you. +Hello Apes. + +TL;DR by u/joshsplosion + "I know my ElliotWaves and oh boy this is a wave. $50M is not a meme. DRS. 💎✊" + +I had been debating making this post for months and held off because I hate reddit, and I left for good reason because I have a lot better things to be doing than arguing with internet randos. Not good for the mental well-being. But I felt this post is too important to help sift through the misinfo and FUD. + +That being said. One thing to understand about FUD is some is justified, and some is not. There can be valid reasons for one to be fearful or uncertain about an investment, and that is where Due Diligence comes in. To separate the legitimate FUD from the fake FUD to get apes to fight, divisive and weak. + +So a tad about me. I am a purely technical trader. Over the last few years I have mastered Elliot Wave. And I can tell you, any elliot wave you have witnessed on this sub prior to this post was complete and udder shit. It’s been difficult to not tear a-holes a new one for their piss poor EW analysis. So if you are someone in this sub who does practice Elliot Wave and understands it’s power, try to see this post not as being torn a new asshole when you see it properly performed, but to see what you can become if you continue to hone the craft, understand you’re never done learning, and allow new knowledge to fill your always empty intellectual cup. And remember, the Empire was able to convince an entire Galaxy that the Jedi were a myth all in the span of Obi-Wan’s life. + +For the record I have never seen one Elliot wave post with a correctly analyzed WXY complex correction. Everyone needs to understand that in any discipline, especially when learning initially, assumptions must be made. That is why in Engineering low level classes you can make assumptions about gravity or the boiling temp of water, for example. However, in real life those assumptions cannot be made, it is no different for elliot wave. This is why most corrections are in fact complex WXY’s in some way or another. When I see people drawing ABC corrections it is a good indicator they are new. Complex WXY’s does not imply they are difficult to understand but rather simply a combination of any of the correction types: flats, zig-zags, or triangles. There are also the ever elusive WXYXZ correction. In my experience you may never come across one in your life, so if you are drawing WXYXZ’s in your chart go back and start over. One of the hardest parts of EW to wrap your head around is that is completely ambidextrous, you can have 5 wave impulses upwards and downwards, corrections can be upwards or downwards. It is all in the counting of the sub-waves. There are also non-impulsive motive ways in which waves 1 and 4 overlap. Practice is key. + +This is not and cannot be some all-encompassing learn everything about Elliot Wave post. It takes years to master. If you are interested in learning EW, the pdf bible of EW can be found here: + +https://www.investmenttheory.org/uploads/3/4/8/2/34825752/elliott-wave-principle.pdf + +You can also search out Victor Manena on youtube. Victor and I are the Sith-Lords of Elliot Wave. But who Master and who is Apprentice ? + +If you are serious about learning EW I would recommend watching and re-watching Victor’s videos until it begins to make sense. Question nothing he does, because you know nothing. Remember that and you may be able to learn. + +I also just want to leave a little bit of what led me to become GME. As I mentioned earlier, I am a purely technical trader. I watch 0 news or any media sources which could influence my analysis. Last July I entered positions in BB and GME options based purely on analysis of the charts. I bought my GME options around $3.00 with a $6.00 Strike. When GME hit $9-10 I exited my trade for like some 600% gains. That day I was looking again at the charts zoomed out and thought... “ya, I think I exited too soon”. Afterwards I am ashamed to admit, I laughed at you apes when I would turn on reddit and see what I thought was horse-shit ppl talking about GME going to the moon and competing with Amazon, etc... + +But then GME had its little run. And this last spring, once a few months had played out I glanced back at GME 6 -week chart and was like, OMFG. I could see that after that time at a zoomed out glance what was happening. The Grand-Supercycle wave 2 had completed and the January spike was Wave 1 of the now Grand-Supercycle wave 3. Typically the most impulsive of all waves in a 5 wave sequence. It was then that I finally came back and began digesting some of the DD to see what the hell was in fact going on with GME. But it was the charts and EW that brought me here. + +So let’s get into it. When I perform ElliotWave, I always begin by zooming out to the maximum timeframe and start from 0. In the case of GME, which began it’s journey as Babbages Inc. In 1984, a few assumptions must be made. I know the Grand-Supercycle wave 1 completed in November 2007. That had to be a 5 wave move, so I filled in the 5 waves. Also, all EW should be performed on LOG or SEMI-LOG charts, especially when looking over long timeframes. Here is the Grand-Supercycle WAVE 1: + +https://www.tradingview.com/x/7GSClFOe/ + +A simple 5 wave impulse which began at the inception of Babbages in 1984, completing November 2007. + +Next we have the Grand-Supercycle WAVE 2: + +https://www.tradingview.com/x/F1scTjgY/ + +Without over detailing the image, this is a 5-3-5 Complex WXY wave 2 correction of the Grand-Supercycle timeframe. W wave is a 5 waves down, into a complex WXY wave X which is a correction of the 5 wave down wave W. I tried to use colours to visualize the different time scales. The Giant Pink Wave 2 began November 2007 and completed in April 2020. A nearly full 13 year correction. Next moving in we have the yellow WXY which is a 3-3-5 complex WXY FLAT correction. And inside we have concentric Complex WXYs playing out on ever smaller time scales. Green complex 5-3-5 WXY Zigzag. Cyan complex 3-3-5 WXY FLAT. Blue 5-3-5 complex WXY zig-zag. Orange complex 5-3-5 WXY zigzag. All encompassing the little Red simple ABC 3-3-5 FLAT. + +This is what you need to understand about Elliot wave, is that you get multiple timescales playing out together. In the case of WXY complex corrections you should envision a rope in your hand, tied to some point on a wall. When you begin to shake the rope, you get reverberations which hit the wall, get reflected and constuctive and deconstuctive interferences playing out within the wave forms until it all settles down, and the correction completes. So this GrandSupercycle wave 2 played out on over 7 different timescales. I call that a 7 degree complex WXY which again, is the Yellow WXY on that chart. Notice how that Yellow WXY was actually inverted, a correction upwards, of its initial 5 wave impulse. + +I understand this can get confusing, hence pretty colors. + +So to re-iterate, there were 2 5 wave moves surrounding the the 3 wave yellow WXY. Making the entire Pink 5-3-5 WXY Zig-Zag Grand super cycle WAVE 2 completing April 2020. + +Here is a zoomed out pic of entire WAVE 1 and 2 of the Grand-Supercycle. + +https://www.tradingview.com/x/VI6F3NQq/ + +Now is when things get quite interesting. As Wave 3 of the Grand-Supercycle commences... + +https://www.tradingview.com/x/QjsfQzBV/ + +Things to note. Wave 3 will itself be an entire 5 wave impulse upwards. All it took was a glance for me to see, that Wave 1 of Wave 3 is already complete. Which means since January, we have been inside the Wave 2 Correction of Wave 3 of the GrandSupercycle. + +This is where I shit myself when I first drew the patter. I can tell you, I have never seen a chart like this in my life. I do not believe $50 million is a meme. MOASS will happen. Just as soon as we complete this wave 2. + +Another note about EW. It should not be used to predict precise moments in time. But rather, levels to be reached. As I’ve already touched on, corrections can become complex nearly indefinitely into time. Also 5th waves can extend for very long periods of time. But the levels as targets are what is important for any EW practitioner. Also remember, EW needs to have a “certain look” to the wave forms. This is how I can assume a general look for the Wave 1 Grand Supercycle even though we had no price history before 2003. That 5 wave pattern plays out over and over and over again in the charts, as fractals of the same patterns on all timeframes depending how zoomed in or out you are. + +But remember all that bull-flag talk ?? That is the current Wave 2 of Wave 3 correction we are in. Also, wave 3’s are typically the most impulsive waves. Which means we are coming into Wave 3 of Wave 3 ... of the Grand-Supercycle. So all you have to do is take a half eaten purple crayon and lay it chew it down to the length of the Wave 1 of Wave 3 (January til now) and assume it goes quite a bit higher. Considering IMO we have not seen anything to resemble MOASS, I feel it is a safe assumption to ASSUME HIGHER. So have a look: + +https://www.tradingview.com/x/hlpoPWAA/ + +Yes. YES THAT IS RIGHT. $50 million is NOT A MEME. This chart has this look. We will see absolutely astronomic numbers. Try to understand, as I have highlighted a few different levels, at these altitudes moving my cursor by even a fraction of an inch is the difference between millions and 10’s of millions. But that is the game we are playing. To me this is the look of this chart we could very well see playing out over the next few years. I am looking for this CURRENT wave 3 to complete somewhere between $50 million and $150 million USD. + +Now. I’d like to take a moment to address the elephant in this room, which is DRS and part of what persuaded me to make this post. + +If you know anything about buttcons. Then you should know about the saying “not your keys, not your buttcons” . I had this epiphany a few weeks ago as DRS began to catch on, and was pleasantly ecstatic when I saw others had come to that conclusion. Therefore, not your shares in your own name, not your shares. + +I encourage someone to make this meme, as this post has gone quite long. But I really need to emphasize. I think any brokerage that is caught holding the hot-potato which is GME synthetic shares, is going to get wiped off the face of the Earth. + +I believe all Banks that have a brokerage with GME synthetics under their umbrella, will be wiped off the face of the Earth. + +I think a comparison could be made to holders of GME synthetics those early Buttcon investors using MTGOX exchange when it got hacked and losing their now would be fortunes. All because they were too fucking dumb to store their keys on an exchange which can get hacked. + +I am sorry to all the current holders of GME synthetics which have not yet DRS any of their shares. But I will not feel sorry for you when MOASS comes. + +People like to laugh at the popcurn apes. But if you have not DRS any shares, you are as smooth as any of them. + +People like to laugh at the smoothies still using Feather in the Capofthehood for their charts or god forbid to hold their shares... I feel sorry for you. + +I sense a great disturbance in the APEFORCE. A great devisive calamity rapidly approaching where nobody, and I mean nobody will feel sorry for the apes who have drug their heels to NOT protect their investments. + +To all the apes thinking your shares are safe in tax sheltered accounts. Wake the fukc up. Where we are going, taxes are irrelevant. In this scenario there will be no tax free gains if the exchanges go belly up. This is going to happen. Also, there is no tax hit if you never fucking sell. Just like how the SHF planned to never cover their shorts, why even worry about realizing your MOASS gains?? Insert Morpheus dodging bullets meme. When MOASS is ready, you will not have to. If you have DRS shares, you walk into a bank and tell them how big a loan you require to build a new castle and its done. No selling required. + +I liken the calamity coming to Independence Day with Will Smith. ... Jeff Goldblum like “ well, if my calculations are correct the signal should be gone in a few days anyway “ + +And as the aliens which is MOASS positions themselves over the skyscrapers, and you have all those groupies holding signs on the roof. Those are the holders of GME synthetics on the ROOF. Side by side with the pupcurn holders, and the Evergrande BOND HOLDERS , delusionally thinking you will get to take part in the greatest wealth transfer in HISTORY. + +WAKE THE FUCK UP. MOASS is directly above the building. It can only save those who’ve DRS IMO. + +If you haven’t DRS any shares you will get nothing. And it will be your fault. You had all the time in World. The Apes of the future will talk about not DRS shares in the same vane as not transferring from little hoodybulgariaboy. If you get greedy thinking “LA DEEE DAAA ONLY TAX FREE GAINS FOR ME” you will get NOTHING. Just like those who held they’re keys in an exchange that got hacked. If GME goes to infinity holding just a few synthetic shares will bankrupt any financial institution you’re using. So everyone needs to wake up. + +De-register some of your TFSAs, or ROTH-IRA’s. Make sure you have some shares in the DRS. Or you will regret it for your whole life. + +Your families who you couldn’t convince to buy GME, will lose everything. A lot of people are going to lose everything when this thing goes supernova. As the singularity collapses in on itself in those final moments, before exploding with more energy than you can comprehend. All brokerages holding synthetics consumed by the Event Horizon which there is no return. + +This is what I call LEGITIMATE FUD. Everyone should be scared if you have not DRS anything yet. There is still time. You should not be taking a chance with this once in FUCKING HISTORY OF THE UNIVERSE opportunity. Im not sure how else I can word this for you all to get the idea. + + +EDIT: For those interested, this is what I'm looking at for the current wave 2 we are in. + +https://www.tradingview.com/x/P44RXtd1/ + +It is a 3 degree complex WXY 5-3-5 ZigZag (Pink) with 2 further WXYs so far on 2 smaller timescales all just about to complete with completion of this final 5 wave move down. It may already be complete. Time will tell soon. +WEED OUT. +Say for example 25k deposit on a 250k house and you're on a mortgage + + +The next day the house is worth 1m + +If you remortgage in that case you only own 10 percent of the house and remortgage so it means you have to pay the other 90 percent? Am I understanding this wrong? If you remortgage for the other 90 percent and the price went up then how would you keep up with payments even if rates are lower for the remortgage? Because you need the loan for the other 90 percent because you only own 10 percent right? So now I owe 900k instead of 225k? + +I'm sure I'm missing something because it doesn't make sense to me +[Pricing](https://www.betterment.com/pricing/) + +Betterment has gone from .15% for balances over 100k to .25% for all account balances on their new Basic/Digital plan. +Americans are retiring later than they used to due to increasing longevity, raising the Social Security age, and the decline of pensions. + +I vow this won't be me. + +https://www.bloomberg.com/view/articles/2018-10-02/americans-are-retiring-later-to-boost-social-security-benefits + +Edit: It's not just collecting SS later. People are working later. + +> 38 percent of those aged 62 to 64 were working in 1990. By 2017, that share had risen to 53 percent. +We are first-time buyers looking for a house in London and couple of offers have been rejected. Our offers were never lowball and were always based on the recent sold prices of nearby properties, condition of the property, work required to be done before moving in. Basically we offered what we felt the property was worth. Percentage wise maybe we offered 1 to 4% below the asking price on a 500000 property. +The pattern that we saw in both the rejected offers were they only entertained offers atleast 1% above the asking price. + +I always thought that as first-time buyers with no chain , with both of us in full-time employment in IT and a good deposit, we would be able to negotiate prices a bit. Doesn't look like from our last couple of experiences! + +Edit: and has anybody in London in the last few months managed to get an offer accepted, which was less than the asking price? +Racking my brain a bit here to try and work this out. I've spoken with two different brokers, both came out with the exact same offer I can go to Barclays and get myself on their own site. + +So it's got me wondering if I need them at all. What are they doing that I can't do myself here? + +I've got a pretty straightforward situation. I'm a first time buyer with a 15% deposit, good full time job, no special circumstances or odd financial stuff that would involve needing complex meetings or discussions. + +Am I better off just going direct and doing this myself, or is there some hidden ingredient I'm missing that a broker brings to the table there? + +Edit: Update - https://old.reddit.com/r/UKPersonalFinance/comments/uq6r35/if_a_mortgage_broker_comes_up_with_the_same_deals/i8tnrn9/ +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Hi, I'm from Spain and I've been reading about real state. My main sources have been people investing in the US and I think that is impossible to find such good rental deals as I see posted here. In my area a 125k unit will colect 6k/year from rent aprox. + +&#x200B; + +People from around the world, do you feel me? Is it spain a really bad place to buy for rent(we have a strong culture of owning our home). +I would love to start real estate investing in SFH and MFH but nervous about dealing with tenants / tenant issues. How did you get thru this issue and get good tenants? +I own a 28,000 square-foot big box store and the long term tenant is about to leave. Clearly big box retail is dying so I’m looking for tenants or ideas to fill this space. Any success stories out there? +I have just started becoming interested in investing into real estate and have been looking at different markets that support the 1% rule for single family homes. What I have noticed is the homes that meet this rule are in areas that seem to have more risk with finding good tenants and the 30 year outlook is questionable. For example a $60000 home is renting for $900 in Memphis. Vs a $1,000,000 home in SF, an area with tons of jobs, rents for $5,000. + +So my questions are: +what does the 1% rule really mean about the area where this rent to value ratio is possible? + +Why does it exist that the mortgage is significantly less than the rent? + +What does this mean about the potential growth in the area and the future value of the home? + +I understand I am looking for cash flow, but what if in 30 years people don’t even want to live in that area so the property and home value is now $0. + +Thanks in advanced! +I just bought a 3 bed/ 2 bath to rehab and rent out in the high desert of California. I just watched a video yesterday how rivers in Colorado and even all over the world are drying up. + +&#x200B; + +What's everyones thoughts on this as we'll prob get more heatwaves in the decades to come. Specifically your thoughts on buying in the high desert lol. +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? +https://techcrunch.com/2022/07/02/tesla-ev-deliveries-fall-nearly-18-in-second-quarter-following-china-factory-shutdown/ + +Tesla delivered 254,695 electric vehicles globally in the second quarter, a nearly 18% drop from the previous period as supply chain constraints, China’s extended COVID-19 lockdown and challenges around opening factories in Berlin and Austin took their toll on the company. This is the first time in two years that Tesla deliveries, which were 310,048 in the first period this year, have fallen quarter over quarter. Tesla deliveries were up 26.5% from the second quarter last year. The quarter-over-quarter reduction is in line with a broader supply chain problem in the industry. It also illustrates the importance of Tesla’s Shanghai factory to its business. Tesla shuttered its Shanghai factory multiple times in March due to rising COVID-19 cases that prompted a government shutdown. + +The company said Saturday it produced 258,580 EVs, a 15% reduction from the previous quarter when it made 305,407 vehicles. Like in other quarters over the past two years, most of the produced and delivered vehicles were Model 3 and Model Ys. Only 16,411 of the produced vehicles were the older Model S and Model X vehicles. Tesla said in its released that June 2022 was the highest vehicle production month in Tesla’s history. Despite that milestone, the EV maker as well as other companies in the industry, have struggled to keep apace with demand as supply chain problems persist. +Hello whoever took the time to read this. I don’t really know how to start this, but whatever I just really need to vent and have someone listen. +I was slapped with the hand of reality yesterday after a fight with my girlfriend. She’s felt that since I’ve started trading which was a little over a year and a half ago, I’ve become less patient & irritable. Ultimately being the reason why our relationship has been falling apart. + +I’m the type of person that when I get really into something, I try to be the very best at whatever it is. Thus this is the mindset that I took when learning the ins and outs of trading options. +Like most, I started out on Robinhood, and as I felt more comfortable I opened an account with TD Ameritrade. I started with around a thousand dollars which coming for me is a kind of a stretch for me at the time. + +Fast forward I became absorbed by the markets & trading. On the weekends I researched and planned plays for the week & I couldn’t wait for Monday to get back in there and trade. I love trading, it excites me it’s fun, it makes me feel like I’m doing something with my life. However, the emotions that came with it seemed to take a toll on me & my relationship. The losses would impact the mood for the rest of my day, I would just be really upset at myself for not being smarter. She would constantly support me day in and day out, (not financially, but emotionally) +I would take time off to get my head straight and then give it another go. + +Nonetheless, history repeats itself & nothing changed. I’d still get upset with myself over the losses & would start to sell some of my personals to make enough to keep trading. I know I’ll probably get shit for having a gambling addiction, I just would have the mindset of not quitting, and not giving up. Not wanting to become a failure... + +All said & done, she finally told me that giving up trading all together was just not for me, & i just feel useless. Aside from working my shity job, I don’t have anything that I can put my mind and energy into that makes me feel productive, and good, like I’m working towards something. + +Tomorrow is Monday & im dreading it because my mornings from now till God knows when are just meh. + +Thanks for reading. + + +*Edit* +This gained way more traction than I anticipated woah. I really appreciate the support throughout the replies it actually means a lot, thank you honestly. +I’ve also got a gut feeling I’m getting let go from my job this week & everything feels pretty numb.. +If what you’re thinking is I’m just going to fall back to the very same reckless acts of unintelligent trading now I’m not, I just don’t know what to even feel anymore. +**Foxconn**, which already makes phones for Xiaomi Corp in India, will invest 25 billion Indian rupees ($356 million) to expand the plant, including investment in **iPhone production**. For Apple, widening assembly beyond China is critical to **mitigate the risks of the Sino-U.S. trade war**. [https://stockmarketnews.today/2018/12/27/apple-will-begin-assembling-its-top-end-iphones-in-india-through-the-local-unit-of-foxconn-as-early-as-2019/](https://stockmarketnews.today/2018/12/27/apple-will-begin-assembling-its-top-end-iphones-in-india-through-the-local-unit-of-foxconn-as-early-as-2019/) +Tl;dr: Let's focus on bitcoin specific services and utilities rather than trying to spend bitcoin at places that already accept fiat, and expecting everyone to pay a bitcoin tax to convert their money on top of purchasing the product. + +Everyone here gets excited when existing businesses accept bitcoin... Why? This will make no difference except to those who bought in two years ago and have thousands of BTC to spare. + +Answer me this; why would anyone want to go to the trouble of converting their money at cost just to spend it at the same places they could just spend their normal fiat? Normal people are not going to be interested nor see the point in doing that. + +Instead; let's start building and concentrating on creating online services and functions that fiat money just can't accomplish. Recently I posted about using piiko to recharge my foreign mobile phones, a service that bitcoin excels at. MMORPG games are ripe for the picking for anyone that has the programming skills to put in place a bitcoin system. + +Bitcoin is programmable money! But so far we have barely begun scratching the surface of what can be done with it; lets get more reasons out there to actually buy bitcoins rather than just trying to get the places that already use fiat to accept it and expecting people to pay an extra bitcoin tax to buy things they could just as easily use fiat for. + +EDIT: just to clarify again that my main point isn't that I don't want to pay with bitcoin at all*, it's that I couldn't give less of a shit whether places like Starbucks accept bitcoin or not. That's not worth paying a conversion cost to buy bitcoins for me at this moment in time. + +I am far more interested in services that wouldn't work WITHOUT using bitcoin, such as piiko or using bitcoin in gaming or forum tipping. + +*apologies for slightly sensationalist title, I'm just trying to generate some debate here +People who made $200k - $400k a year for the past 20 years. A lot of them are in their 50s and 60s (even 70s). Some of them even have pensions that would pay 80% of the earnings if they retired now. But! They keep working. Why? +I’ve seen a lot of discussion lately about the true cost of raising kids, whether the cost should factor into deciding whether to have kids, and how to reach financial independence while having kids. I wanted to share our costs for the first year of our baby’s life (and pregnancy), because I couldn’t find a lot of actual numbers when I was trying to plan ahead. + +We are a dual income family ~ $200K/yr. (45:55 split), in a very high cost of living area, with an employer subsidized health plan that has no deductible but 10% co-insurance, 8 weeks paid maternity leave and no paid paternity leave. (For full transparency I am projecting baby costs for full year, baby is currently only 4 months, but we’ve already made almost all of the up-front purchases.) + +Costs 1 year + extra pregnancy costs + +* 18,500 **Child care** (home day care for 9 months of care, does not include time of maternity leave) +* 12,697 **Housing** (difference in cost between our 2 bedroom vs. 1 bedroom apartment) +* 12,523 **Lost Wages** (net wages lost because I took an additional 7.5 weeks unpaid maternity leave on top of 8 weeks paid) +* 2,340 **Medical** (co-insurance vaginal birth and 2 day hospital stay = 857; difference in cost between family plan and 2 individual plans = 934; co-insurance, co-pays for a relatively complication free pregnancy = 495; co-insurance, co-pays baby’s first year = 54) +* 823 **Baby stuff** (car seat, crib, stroller, carrier, clothes, playmat etc. everything was bought used or free if possible except car seat and crib) +* 606 **Diapering** (disposable diapers and wipes) +* 312 **Breastfeeding** (nursing bras, extra pump parts, bottles, storage bags, antibiotics/copay mastitis, classes) +* 226 **Maternity Clothes** (work appropriate pants, shorts, tops 50/50 used vs. new) +* 48,027 **Total Costs** + +Credits + +* 1,013 **Extra Exemption** ($4,050 1 exemption at 25% marginal tax rate) +* 600 **Child and Dependent Care Tax Credit** (20% of 3,000 qualifying expenses) +* 0 **Child Tax Credit** (we earn too much, but at most it is $1050) +* 1,613 **Total Credits** + +After looking at our numbers I can see why there are such big differences of opinion on the cost. The two biggest reasons our costs are so high are 1) we both make high salaries making opportunity costs of one person not working very high 2) real estate is so expensive driving up the cost of extra sq. ft. in housing and the cost of child care. If either of these weren’t true costs we could remove our three top most expensive costs changing cost from $48,027 to $4,307 (a magnitude difference!!). + +We were very conscientious about our costs and opting for the most frugal option, but we were heavily constrained by our location. For example, we only got our son into 1 daycare even after being on waitlists for over 1 year because demand is so high in HCOL area. We opted for an apartment with no washer/dryer to save on rent, making cloth diapering not as cost effective. Because real estate is so high, we had previously minimized costs by living in a 500 sq. ft. apartment, but it proved too small with an extra person and family visiting so we upgraded to a 2 bedroom. + +Obviously, our costs were also high because we did not want to sacrifice our HCOL lifestyle. We could have moved to a LCOL area (this may not break even because of severe cost of reduced income), moved to the suburbs (at cost of enjoyment of location and commute), or taken less parental leave (at cost of enjoyment of baby). Alternatively perhaps we should have been more careful in choosing jobs that had better paid parental leave and/or taken out short-term disability insurance to replace lost wages. + +In summary, we can afford it, but we are spending a lot on our new baby. + +**TLDR:** Babies are very expensive in HCOL area when you are high-income dual earning parents with little paid parental leave. + +The BBC has compiled a list of companies looking to hire temporary workers which is worth a read, includes links to each company's recruitment page and looks like it will be updated with further opportunities if more companies contact them: [https://www.bbc.co.uk/news/business-52040539](https://www.bbc.co.uk/news/business-52040539) + +**Tesco** \- [apply here](https://www.tesco-careers.com/search-and-apply/) + +**Asda** \- [apply here](https://www.asda.jobs/) + +**Aldi** \- [apply here](https://www.aldirecruitment.co.uk/) + +**Morrisons** \- [apply here](https://morrisons.jobs/) + +**Lidl** \- [apply here](https://careers.lidl.co.uk/) + +**Cera** (carers) - [apply here](https://ceracare.co.uk/) + +**Lloyds Pharmacy** \- [apply here](https://www.mckessonjobs.uk/) + +**Virgin Media** \- [apply here](https://careers.virginmedia.com/) + +**Farmdrop** \- [apply here](https://apply.workable.com/farmdrop/j/5407BC5D2B/) + +**Co-Op** \- per [Bqueasy](https://www.reddit.com/user/Bqueasy/)'s comment: " I also heard Co-op are hiring without application. Just walk in ask for manager and they will set up an interview with the aim of starting you asap." + +**Moy Park** (poultry processing) - [apply here](https://www.moypark.com/en/careers) + +Hopefully this helps someone to find some work in these challenging circumstances. +Effective immediately Robert Iger will return as CEO of Disney. He will serve a two year term +Iger previously served in the position from 2005-2020. Former CEO Bob Chapek has stepped down from the role. + +I currently own a position in $DIS + +[Bob Iger Named Disney CEO](https://www.cnbc.com/amp/2022/11/21/bob-iger-named-disney-ceo-effective-immediately.html) +**Samsara:** The indefinitely repeated cycles of birth, death, and misery caused by karma. + +https://preview.redd.it/76mypt2u3l881.jpg?width=882&format=pjpg&auto=webp&s=fdfd7b87eac899fb4cfa39e84cf612fe9e18ca32 + +Influencers with ulterior motives have come and gone throughout this GME saga, and I will argue here that the recent push for options is one such event. + +**Content Warning:** The unfortunate side effect of showing evidence of FUD is that you have to spread the FUD to do it. The messages in these two posts show evidence of vast multi-platform coordination to destabilize Superstonk and elevate liars and criminals into leaders. + +This is serious astroturfing, and never forget that these are all anonymous online accounts. Don’t fall into the trap of thinking they are just like you, which is a key psychological illusion that social media misinformation campaigns exploit. Please take your time with it, and take care of yourself, and know that if you’re a good person who just wants to HODL and party and diamond hand those shares, that you’re not alone here. + +\* + +Up front, let’s be clear: **this fight is and always has been about the integrity of the information found on this sub.** Nothing else. + +&#x200B; + +* Profit-motive corrupts that integrity. +* Evidence of manipulation, brigading, and misinformation corrupts that integrity. +* Most importantly, contempt for Apes, the MOASS thesis, and the sub itself corrupts that integrity. + +Am I saying that all of the people named below are engaged in actively scamming the Superstonk community? No. + +I am, however, presenting evidence that they are brigading from outside the community rather than working within it, and rather than engaging in good faith they are using verifiable techniques of psychological manipulation in order to undermine the community and troll for followers who are particularly vulnerable to those techniques. + +That is why I’ve collected and presented this data. + +\* + +If you want to learn more about concepts used in this post, such as Social Proof and Psychological Triggers, see this recent post: The Definitive Guide to the Psychology of Scams and How to Detect Them (OFT Report) + +And if you want a fun game, just look for their brigade’s responses to these posts and compare them against known techniques of psychological manipulation and [propaganda](https://en.wikipedia.org/wiki/Propaganda_techniques). It’ll keep you entertained all day. + +Additionally, much of the evidence against their credibility can be found in a companion post – [Mocking the Devil – 12 Questions for the Options Brigade](https://www.reddit.com/r/Superstonk/comments/rs7k3r/mocking_the_devil_12_questions_for_the_options/?utm_source=share&utm_medium=web2x&context=3) \- which I recommend reading after this one. + +**A final note:** I hope after reading this you’ll understand that these accounts are the SOURCE of the bad feelings and turmoil the sub is experiencing, not its targets. You can’t walk into someone’s house and start flinging shit without expecting a strong reaction. These accounts need to take responsibility for their words and actions, as well as those they encourage in their followers. My guess is that they can’t. + +\* + +This post lays out evidence toward the following conclusions: + +1. The options push is a brigade meant to fracture and discredit Superstonk +2. Those pushing it as “mere education” are not credible sources of information +3. The Superstonk community is right to defend itself against this brigade + +The evidence below is drawn from Reddit posts/comments, Pickle’s Discord, and mostly random samples of three Pi-Fi YouTube streams: Nov 29, Dec 16, and Dec 23 (with occasional dips into other dates). I’ve included timestamped links for verification, assuming the videos are not edited in response. If they are, I will update this post with evidence of that. + +And though I use copious evidence drawn from their Discord and YouTube chats, I’m not suggesting we adopt and us vs them mentality vis-à-vis their followers, who have been lured by promises of windfall fortunes that never materialize for months now. They are free to make their own decisions with their money, and many prefer the principles of those communities to those of Superstonk. + +So be it, but they should stop trying to remake this community in their image. + +From the OFT Report, + +>A theme that emerged strongly was the size of the reward or prize for the scam, and its disproportion to the apparent cost of responding. The discourse, and the kinds of decision error, elicited by this factor had strong echoes of the what is found in the psychology of lotteries and other high prize, low win-probability gambling. +> +>Secondly, our examination of social influence showed evidence of states of internal conflict in scam victims, where at one level they recognize the deceptive nature of the scam, and at another level, they are determined to persist in the behavior that leads to loss. This raises the general point of people being 'in two minds' about the scam. At some level they suspect it is a scam so they do things that hide that knowledge from themselves or from others. + +You can see both of these triggers at play in the growing sentiment in their communities. The idea that he is giving them a system for an “infinite money glitch” is often paired with laments over their losses in a particular cycle, but that they will keep buying next cycle because they expect windfall profits any day now. + +You can see that they’re replicating the OG sub’s culture of celebrating losses in order to keep the gravy train and gambling addiction flowing. + +You can also see the self-blame induced by scam messaging in how their followers talk about their losses. + +https://preview.redd.it/dbgbg5974l881.jpg?width=502&format=pjpg&auto=webp&s=4f882f7d9b313e84ba501054fe65177f7889df0d + +&#x200B; + +The Dans are so on message all the time, makes you wonder. + +The fact that they and their leaders are pushing long-odds gambles in a rigged casino also suggests that they do not believe in the MOASS thesis that Superstonk has dedicated most of a year to building, testing, and researching. Why spend thousands to scrape nickels out of slot machines when you could just buy shares and relax? + +Turns out Gherkinit has been saying there’s no MOASS after January in his daily streams, among other many things found below. He’ll say anything to get people into the 510c and 920c he’s been selling to his followers. + +We should protect Superstonk from being a platform to lure more people into this psychological trap. + +I hope these posts give Apes something to point to if the gaslighting and brigading ever start to make you question yourself. It’s real, and it’s insidious. They’ve already started going after mods, what’s next? + +I think we know. Samsara. + +&#x200B; + +# So Who Are the Options Brigade? + +These users are leaders amongst those who started pushing options here several months ago, based on posts they produced in a private Discord. This private message from one of the members sent in August tells you what they thought of Superstonk even that far back. + +We can see that resentment toward Superstonk has been building for at least five months in that Discord, along with the idea that nothing of value had been produced on Superstonk for even longer. + +https://preview.redd.it/kt3uv5la4l881.jpg?width=301&format=pjpg&auto=webp&s=3aad4f768393f6c91d4f72de69572021fe1a7e20 + +Options pushers who have come from that Discord as a group to promote one another’s ideas include (in alphabetical order): + +u/Criand + +u/DigitalNoize + +u/gherkinit + +u/Leenixus + +u/MauerAstronaut + +u/TurdFurg23 + +u/Zinko83 + +Who knows how many of their supporters are coming from there as well, but this post is focused on the thought leaders named above, a group I refer to as The Brigade. + +These users began their coordinated action with several posts about Variance Swaps by Zinko83 and MauerAstronaut, followed up by a push for options coming primarily from Leenixus, Criand, and Gherkinit, with others providing support posts. + +Am I saying all of these people are shills? No. + +There is quite a bit of evidence to suggest that Criand is being used by the others as their “face,” and that the ideas he has expressed are not his own. The “co-creator” of the Variance Swaps DD flat out says it, while calling Superstonk “ungrateful dick heads.” + +https://preview.redd.it/41rq4yse4l881.jpg?width=832&format=pjpg&auto=webp&s=bba63c614b48bf7be8f1a899ee0be6690e3d87a5 + +&#x200B; + +It’s also a frequent topic of conversation in Gherkinit’s discord: + +https://preview.redd.it/8ffwdxsg4l881.jpg?width=622&format=pjpg&auto=webp&s=bd386547b8a777b8e591c4056125ba9e1dfc8466 + +&#x200B; + +“Either Criand will get Pixel’d or Warden’d, or Apes buy options. I think it’s worth a shot.” + +https://preview.redd.it/khco6w0k4l881.jpg?width=292&format=pjpg&auto=webp&s=8bf7796ff341ebe6ee0aacc7f8fa8a0ccb32bead + +&#x200B; + +Many of the Brigade celebrated and cheered Criand’s first options post, which is now almost completely redacted due to his misunderstanding of the subject. This suggests they had no clue what he wrote, and that they were only using his credibility to advance their interests. It’s the very definition of Social Proof and Authority fallacies being used to manipulate an audience. + +It would be nice to hear from Criand about why he agreed to that. + +What do others in the Brigade think of Superstonk? Let’s take a look. + +# The Options Brigade is Fundamentally Anti-Superstonk + +https://preview.redd.it/sobkvhrn4l881.jpg?width=857&format=pjpg&auto=webp&s=58b7007a506ea0f3f22d425cc7bcde3f42bc5f0f + +&#x200B; + +There is plenty of room for disagreement on any number of issues and speculations regarding the MOASS Thesis, and in my opinion the DD is never done. The amount of information we’ve uncovered already is mind-boggling, and I’m sure I’m not alone in having multiple unpublished DDs into various aspects of the crime we are uncovering. + +**What I don’t think is healthy for the community is for it to be brigaded by people from outside the community who have fundamental contempt for the community and its research.** Do we have our orthodoxies? Sure, but we don’t go elsewhere trying to force them on others. We have a tradition of DD authors humbly presenting their work for peer review, and certainly not asking to be worshipped for it. + +But you can see from [gherk’s Dec 15 stream](https://youtu.be/QhKXTuu6BmI?t=5172) that he and the others have no intention of doing that. In fact, he directly implants the idea in his followers’ head that they are only smarter because they have sat in his chat for “months and months” while he convinces them that everyone else’s work is his own. + +1:26:12 + +>Whether you’re better educated or not, you’ve been in here long enough to look out for inconsistencies in what you’re reading. You’ve learned to disseminate information better after your time in here. +> +>So even if you were smooth as a fucking marble before you got here, I think spending months and months in this chat and this community has definitely changed… +> +>I mean, you guys used to get super fucking jacked about **atobitt DD, and I guarantee you if you go back and read that shit now, you’re gonna be like, “this is garbage.”** + +This would not be the last time he tries to stand on the shoulders of giants, proclaiming their work and ethos as his own. + +His attempts to elevate himself above DFV have intensified recently, maybe to cover for his cycles’ 100% failure rate. One of his followers then dutifully claims that “pickle is much more knowledgeable than DFV <about market mechanics>.” + +https://preview.redd.it/6mk5wo7r4l881.jpg?width=759&format=pjpg&auto=webp&s=f6c5ce56659fb4a6eb524039184bd73366f3ed03 + +&#x200B; + +Finally, here’s gherk’s view on Superstonk and its thesis [from his Dec 23 stream:](https://youtu.be/9EdK8BmhR6o?t=18530) + +>So much of Superstonk since the very beginning has been to make sure that everyone was holding, and then it was DRSing. It's never changed. It's panic. +> +>It's people not knowing what's going on and attempting to define it within a rational space, and to know that their investment is just as safe as the other participants' investment. That's what I think. +> +>The fear of everyone selling early so they started with the sell on the way down, which is fucking stupid because nobody is buying on the way down. +> +>Then it was buy through IEX, which has no liquidity and has issues filling buy orders. +> +>**Then it was DRS your fucking shares, which that doesn't really do anything either.** +> +>All of it has been an attempt to try to control what other shareholders are doing. +> +>I've talked about this so many times in the past. + +That sure is different from the position and tone he took in his MOASS Trilogy posts. Why so different? + +This gherk rant is not an anomaly, as his streams are peppered with anti-Superstonk, anti-Gamestop, anti-RC discourses. [Here’s a sample](https://youtu.be/9EdK8BmhR6o?t=17321), including such gems as, + +>Gamestop can’t sell during a short squeeze, so why the fuck would they care? +> +>Activist investor is not a positive term +> +>RC’s tweets are just to keep people buying shit from Gamestop. + +**Gherk has also been telling his followers that Gamestop intentionally stopped the MOASS in June.** + +These discourses both emerge from and are reflected by his audience in the chats, and he chooses to highlight them by reading them regularly throughout the stream. + +https://preview.redd.it/wi8dianu9l881.jpg?width=435&format=pjpg&auto=webp&s=1d95fa451ee34e27558f41f95a1d4601f0b5f929 + +&#x200B; + +In addition, they alert one another to “problems” on Superstonk, including pushing anti-mod conspiracies, which leads to the daily brigading of upvotes and downvotes found in gherk and others’ threads. + +https://preview.redd.it/varrzotw9l881.jpg?width=432&format=pjpg&auto=webp&s=860b6a8da209a148ecc8c8166d3e2ae9d6d381c2 + +&#x200B; + +This happens in Discord as well: + +[ Wonder what those notes are for? ](https://preview.redd.it/hwsyp6m8al881.jpg?width=579&format=pjpg&auto=webp&s=9158381cedd258d85ebba8a253f7f2910e37d77a) + +&#x200B; + +&#x200B; + +[Here��s another classic from the Pickle:](https://youtu.be/mOuoedatJDM?t=24101) + +>Maybe I should just write a DD about YOLOing into weekly options +> +>Whether they want to admit it or not, their bagholder mentality has convinced them over months and months of holding the stock at $200 that they were making a long-term investment back in January, that’s horseshit! +> +>They all jumped into it because it was running, they chased it, and now we HODL because we need it to run again, right, we need it to run hard. *laughs* +> +>But anyone that says they fucking planned their GME investment and got into it over a long period of time is full of shit. + +7.5 hours of daily anti-Superstonk rhetoric is a far cry from gherk’s claim that he “prefers to take the path that leads to the least drama.” In fact, he seems to be profiting from the drama greatly. That may explain why on his stream the next day, after it was shown that he misrepresented his “decision” to stop overtly brigading the sub, he said, + +“[I don’t want to end the drama](https://youtu.be/9EdK8BmhR6o?t=18638).” + +Well, there you go. + +&#x200B; + +# Common Phrases and Techniques Used in Responses to Their Detractors + +**“Ape no fight Ape”** – As outlined in the Guide to the Psychology of Scams, this is a technique meant to short-circuit reasoning by appealing to people’s natural tendency toward equilibrium and conflict avoidance. Unfortunately it’s almost always used after the Brigade has instigated negativity, making it a deflection from their behavior and the failure of their predictions, rather than a good-natured reminder to be excellent to one another. + +Think about how that phrase was perverted by popcorn shills to divide the community and distract from the poor reasoning evident in their thesis. The Brigade is using it here in the same way. + +\* + +**Disrespecting our DD Authors** – Used to bolster the Authority of a scammer, and activate Liking toward them, by tearing down others. It also helps them claim others’ DD as their own. + +One of the mythic themes found in Nigerian scam letters is that of the “magical helper” or “sidekick” who shows you the way to fabulous riches. Scammers need to be seen as the source of all that’s good and right, as we saw when gherk was telling his followers what a gift he’s given them while at the same time tearing down Superstonk’s prior DD. + +This clown thinks he’s the next DFV? Please. + +\* + +**“No one will ever write you DD again”** – Leenixus isn’t the only Brigader to make this claim. It’s a Visceral Trigger mean to create a sense of desperation in the reader, encouraging them to feel alone and helpless in the absence of the scammer’s “benevolence.” In terms of the research, it activates the psychological trigger of Scarcity as well. + +\* + +**Anyone that’s against options is a hedgie shill. Gherk and others are targets of an organized psyops campaign.** – This is a ridiculous, paranoid delusion that gets pushed by the Brigade to their followers, who repeat it constantly. It’s a classic propaganda technique, a form of information overload and [whataboutism](https://en.wikipedia.org/wiki/Whataboutism) meant to make people give up trying to figure out who’s telling the truth. + +https://preview.redd.it/plbtrhnlal881.jpg?width=1097&format=pjpg&auto=webp&s=2509db39595ec180ebab9505c4b0f118a126efe7 + +&#x200B; + +If you visit the current announcements in the Pickle Discord you can see Gherk desperately trying to frame himself and his detractors in advance of the criticism he knows is coming. That’s why he’s claiming that he’s the same as DFV, and why he shared what looks to be yet another fake or misleading private message to try to influence how his followers would process the evidence being presented against him. + +Here you can see on his Dec 23 stream, after he goes on the epic anti-Superstonk rant reproduced above, he ends by angrily mumbling [“Fucking Russian bots.”](https://youtu.be/9EdK8BmhR6o?t=18666) + +It would be sad if he actually believes this, and it’s clear that many of his followers are starting to, because it’s a common inclusion in their [firehose of falsehoods.](https://en.wikipedia.org/wiki/Firehose_of_falsehood) + +And in response to a chat initiating a brigade, [he has this to say about anyone that disproves his thesis](https://youtu.be/mOuoedatJDM?t=18793) (as if it needed help, it disproves itself every day): + +>It's probably 1 person with 50 accounts, or 5 people with 10 accounts each. **It's people that contribute absolutely fucking nothing except for owning the stock.** + +If you ever wondered what he really thinks of you, Superstonk Apes, there’s your answer. + +\* + +**“Anyone that’s anti-options just bought weeklies and is now mad.”** – A completely fabricated response with no evidence that’s also repeated ad nauseum. + +Personally, I’ve never bought an option because I’m not about to put my valuable chips in a rigged casino. Instead, I’m patiently hording my chips outside of the casino until it shuts down and I can get full value for them. + +Patience has and always will be a part of the long thesis, the buy and hold strategy, that was forged out of the chaos that erupted in January. Shoving chips back into the rigged casino and hoping for the best is a sign of impatience, of giving up. It also happens to be one of the hallmarks of scam psychology, a visceral trigger meant to focus on the potential windfall (which never materializes). + +Rhetorically, getting people to believe this falsehood by repeating it over and over, dehumanizes and decontextualizes the conversation. It is meant to dig a hole from which their opponents cannot escape, since both the claim and any rebuttal are unprovable. + +Thus, it short-circuits reason and evidence in favor of emotional identification with the orthodoxies of their group. Such faith-based beliefs are used to drive wedges between communities, strengthens the emotional attachment of an individual to the group, and discourages dissenters from speaking up. + +\* + +**“Everyone is a cult except us.”** – This is one of the most oft-repeated orthodoxies of the options brigade. They even have a theme song that repeats the phrase “not a cult” over and over and over again while they chant along with it. If you think I’m kidding, [check it out.](https://youtu.be/QhKXTuu6BmI?t=8582) + +One of the most powerful psychological techniques used by propagandists is [the bombardment and repetition of phrases and ideas.](https://en.wikipedia.org/wiki/Thought-terminating_clich%C3%A9) Similar to how they repeat the lie that anyone who opposes them “bought weeklies like idiots,” repeating that they are “notacult” helps bolster and solidify the idea that everyone else is. Thus, they constantly refer to Superstonk in these terms, and engage as if that were true. + +https://preview.redd.it/nnv66qcpal881.jpg?width=446&format=pjpg&auto=webp&s=d00f9573928868823aed099a138607bc9ad8c33c + +&#x200B; + +# Conclusion + +“Just a little education” has been shown by decades of academic research to be an invitation for bad actors to use information asymmetry and psychological triggers to induce errors in decision-making. + +The evidence also shows that these are financial novices just like us who have different information, not more, and instead of sharing it freely are using it to induce behavioral compliance and hero worship in search of profits. + +**But they are not novices in psyops, manipulation, and control. Think about their history with our community and let that sink in.** + +Some of the behaviors they are trying to induce are only harmful to the individuals they ensnare, but others are illegal and harmful to the community at large. + +Obviously ~~one post~~ two posts cannot capture the full breadth and depth of evidence, but I hope there is enough here to convince the community and its moderators that continuing to allow these manipulations would be a disservice to those who come here for unspoiled information about Gamestop and the MOASS thesis, as well as those who come here for the psychological comfort and safety of a community founded on the principle of being excellent to one another. + +The bottom line is: **they are and have been lying to all of us for months, saying one thing here and vastly different things in their off-site media.** + +Don’t be fooled by their astroturfing and brigading here, either. OG Apes aren’t saying the things they’re saying. We’ve always known they would come hard for us, this is that moment. Notice how as the pressure mounts, the tactics become more extreme, from trying to usurp DFV’s ethos to fomenting hate in daily streams. + +The only question that remains is, after reading the above and the 12 Questions: **Are these the people you want educating you and leading this community?** + +\* + +**Samsara.** They will never stop trying to fracture us, but I think we can meet the challenge. + +The only unforgivable idea in a library is that the library itself should be destroyed. This isn’t about “muh freedom,” it’s about protecting the integrity of Superstonk. Grifters that insult you, fleece you, and try to usurp the work and ethos of our legends do not have your best interests in mind. + +My advice to Apes is don’t get angry, just laugh. Mock the devil, because they have no power over you that you don’t freely give. + +Borrowing from the Guide to Scam Psychology, here are the principles that the Brigade fail to uphold, + +* Publicly peer-reviewed DD +* Apes Together Strong +* Be excellent to one another +* Buy and Hold +* No urgent action +* No leaders or heroes +* No monetized influencers + +My response to people who come here trolling for followers while bashing the love and information found here? + +https://preview.redd.it/8qds7hkral881.jpg?width=608&format=pjpg&auto=webp&s=80fbf7001ff7833ca482a854ada1a974824bf2f2 +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? +My doctor died. My first bill wasn't sent through insurance so I had to ask that it be. I got my second bill, for $25, in late February. Two days later, I got a letter saying the office was closing due to the death and all debts had to be paid by March 23 or they'd be sent to collections. The office used a billing service, but that service is just providing customer service at this point and has no power to accept payment. All payments must go to the executor. I mailed my first check in late February and it still hasn't been cashed. The billing service tells me the executor won't REALLY send it to collections until March 30. SO! Based on that, I physically took a check to the post office where the executor's PO Box is located and mailed it. That was Monday. Put in a note saying this was a second check just in case the first never arrived. Billing service says there's nothing they can do and that they've relayed my messages to the executor. Neither check has been cashed and the 30th is Tuesday. I'm guessing I've done all I can do, but any recommendations??? + +I have pretty good credit (somewhere around 800) and I own a home so I won't be getting a mortgage anytime soon, but I'd still rather not have it on my record that something went to collections. Especially when I've been actively trying to pay. Will this actually hurt me much if it did? + +*Update* Just to be clear, I totally understand this isn’t a huge deal. I’m not dying over it. It’s really just an annoyance and I wanted to make sure I’m doing all I can to remedy it so I don’t have to bother with it anymore. +I'm pre-coffee so this isn't as articulate as it might be, but here goes. + +Obviously I'd love to get rich from crypto like the rest of you, but actually I'd support this movement even if it lost me money. When all's said and done I really believe in the idea of P2P decentralised networks as the building blocks of a "next generation" kind of internet, over and above the idea of digital currency. What we're seeing in blockchain isn't just "money but you store it online", it's a radical shift in the way we share, store and structure data. + +That might sound dry compared to dolla bills, but the last time this happened we got social networks; we got the ability for anyone with an internet connection to publish their own content without having to win the backing of record labels and Hollywood studios (e.g. Youtube, soundcloud) - that's *huge*. We got crowd-sourced news networks and free online universities and the chance to start an e-commerce empire from our basements, where previously you either had the venture capital for bricks and mortar and staff and a stock profile... or you didn't, and you worked there for someone who did. The time before that we moved from libraries to search engines, from letters to email and SMS, and from maps to GPS. 70% of couples in the western world now fall in love online. Our “network society” is a product of the data revolution the major sociocultural changes it's bringing about. These new data structures are creating happiness and wealth and wisdom and new careers and opportunities and skills and real, tangible "happily ever afters" for millions of people around the world. That's important. More important than lambos. + +So yes, I want the bull market to return because I'm human and I like money. But more than that I'm all in on the idea of ever greater data structure innovation whether we're talking crypto or IoT or crazy moonshots like project braingate. We're living through incredibly interesting times - like witnessing the industrial revolution run its course in the space of a few years. The consensus algorithms and hashing methodologies and P2P relationships Blockchain is giving birth to have huge transformative potential independent of whether I make or lose money, short or long term. I'm just really excited to see where this goes. If it makes me rich then that's a huge perk. For me this really is about the technology, and the value of that tech is disconnected from the market movement right now. (it's not like the tech got 50% worse overnight, right?). This technology is important and useful and powerful and significant and I'll keep learning about it and talking about it and investing in it and backing it until it either comes to fruition or evolves into something even more exciting, because the only thing I could regret is not taking part. + +Hopefully you guys don't mind that I am crossposting this here. It is my favorite project and I believe it deserves more attention. + +I see that people are starting to talk about CRED more and more every day so I thought that I would write a little more about it since I am following project since beginning. I would like to note that I have money invested into this project, so I may be a little biased, but I will try to eliminate any moon talk and focus on project and team behind it. + +**What is Verify?** + +Verify is Ethereum-powered reputation platform for ecommerce. Verify (CRED) is a token that helps making e-Commerce with crypto easier, because it secures that if you pay for a product with crypto that you will receive that product, and if somethings goes wrong that they will fix it. + +This includes: » Non-delivery » Delivery to an incorrect address » Lost shipments » Delivery of the incorrect item » Delivery of an item that does not meet the description provided by the seller. While this may not be the newest idea because lots of credit card companies and PayPal have this kind of the same service, but they do not have that with crypto payments. Credit card companies also have a 3% fee most of the time while Verify only asks for 1%. + +The global retail market is $22T a year, and eCommerce represents $1.9T , just over 8.5% of all yearly global retail. Blockchain commerce, on the other hand, represents under $50M in total volume, the sum of all products purchased using cryptocurrencies. This volume is incredibly small; for every $440,000 of commerce conducted, just $1 is paid for using cryptocurrencies. We need simple and convenient ecommerce platform that uses crypto and Verify seems like the best option out there at the moment. + +Main competitors are Utrust and Monetha(sitting at 6.5x higher valuation than Verify) and how it compares to them you can see here: + +https://medium.com/@verify.as/so-hows-verify-different-than-a4c09a40909b + +After doing a lot of research I have come to conclusion that CRED is superior in every way and it has without doubt the most competent team in this space. + +Team raised 2.5mil$ (they didn’t ask for more, ICO sold out in 90 minutes) compared to Utrust which raised 20x times that and don’t have anything to show for. + +**Working Demo/MVP** is up here if you want to check it out: https://verify.as/how.html#demo + +CRED has been relatively stable mostly because it is traded on Etherdelta only. But we have seen a lot of great projects going x5-x10 on Etherdelta, and I think that is about to happen with CRED as well. + +**Exchange listings should be announced in next few days. **They are extremely transparent about their applications and you can find them here: https://community.verify.as/t/exchange-listings-for-cred/23 + +I think that first one will be Kucoin and hopefully Binance will follow it up soon. + +Team is very, very good and they have a lot of experience in this area. Yazin Alirhayim, the CEO of Verify, was most recently VP at Amazon’s Payfort Start as they they acquired his start up White (a competitor to Stripe). Before, he was the Global Finance Leader at General Electric. I basically regard White as a prototype to Verify, as it is also a crypto-compatible payment service. Omar Kassi, one of the advisors, previously founded, grew and exited JadoPado, one of the Middle East's pioneering eCommerce marketplaces. JadoPado was acquired by Noon, a billion dollar company founded by real-estate mogul and billionaire Mohammed Alabbar. Omar is currently the CEO and Founder of Esanjo, a business that creates, builds and invests in beautiful technology businesses. Another interesting team member is Moussa Beidas, who is also CEO and cofounder of Bridg and has already made customer experiences with i.e. Google Fibre and Microsoft. Moussa knows how to deal with corporations, as he ran a startup before, he knows what stakeholders and VCs want. Most recently Yazin was also able to add Mike Bailey to the team. Mike Bailey is a Senior Economic Research Scientist at Facebook and manages the News Feed Science team. His research analyzes the interaction of social networks on people's economic decisions and the importance of social interactions in understanding the economy. Prior to Facebook, Mike earned a Ph.D. in Economics from Stanford university. A Stanford graduate wouldn’t need to join any non serious crypto start up for the money, especially not with a career like Mike’s. + +**Yazin Alirhayim, CEO**: Founded White Payments in 2014 which was acquired by Payfort. https://yazin.org/. + +**Pavel Garbriel, CTO**: https://www.linkedin.com/in/pavelgabriel/ + +**Roman Bugaev, Technical lead**: https://www.linkedin.com/in/rbugaev + +**Ibrahim Mokdad, Head of business development**: https://www.linkedin.com/in/ibrahim-mokdad-48012118/ + +**Denis Gulin, Front end**: https://www.linkedin.com/in/denis-gulin-01782557/ + +**Mikhail Davidovich, Software Engineer**: https://www.linkedin.com/in/mikhail-davidovich-3198b717/ + +My opinion about it’s potential: I think that in upcoming days we should at least see **x3-x5** before it gets listed on bigger exchange. Market cap is extremely low compared to it’s competitors and it is good thing that there are literally ZERO red flags about project(I haven’t found any). + +Team isn’t trying to pump token for no reason, they seem to be focused on succeeding in their intentions and growing their business, and this post covers that pretty well: https://medium.com/@verify.as/token-sale-over-now-what-149fc109931b + +I like that they realize that pretty much all cryptos are pure speculation and that a lot of people won’t be extremely happy to pay for stuff with crypto. Which is why they are probably going to introduce fiat payments(that would convert to crypto on the go), so concept remains intact. + +I have personally never felt more confident with my investment than I am now with CRED. I see a lot of comments popping about it on reddit and other boards, and it looks like it is going to be shilled heavily in upcoming weeks. I can't say that makes me unhappy because I am glad that project will receive attention it deserves, but if hype dies down after a month - remember that project will still be solid and nothing will be different about it. A lot of people here don't find out about amazing projects and hidden gems like this one until it is too late. I can't give anyone financial advice, but if you don't know in what to invest, check out CRED and if you like it, feel free to put some money into it. Don't wait until 5 or 10$, go for it before it is too late or don't invest at all. + +If you want to find more about project, feel free to visit their website: + +https://verify.as/ + +They are securing vendors for their platform and their first partnership is with EAT, The Middle East's fastest-growing real-time reservation platform for restaurants. (Eat App is part of Silicon Valley's 500 start ups: https://en.wikipedia.org/wiki/500_Startups). They have published post about Verify yesterday, if you want to read it, you can do it here: http://blog.eatapp.co/verify-will-solve-serious-problems-for-restaurants/ + +They will have a lot of more partnerships in The Middle East and while we may not see them hyping partnerships up, they will certainly mean a lot for platform they are trying to build and all their investors. + +CRED is available only on Etherdelta at the moment(which is perfectly safe to use now) and more exchanges will be announced in the coming days. + +https://etherdelta.com/#CRED-ETH + +I hope I wasn't too biased, I really am huge fan of this project. I know that FOMO is starting to kick in and I just wanted to give everyone heads up. Best of luck! + +The current front-page is filled with 'buy the dip' or 'why dips happen', so I immediately rushed to check CoinGecko. BTC is 2,2% lower than yesterday, ETH 3,4%. Both are up double digits compared to 7 days ago. + +This is not a dip! If you are scared right now, you've invested to much in Crypto and aren't comfortable with losing it. + +Over the years, it's not unlikely to see -10% declines in a single day. Today is nothing. I wouldn't call anything above $40.000 a dip and the next retrace could go as low as $20.000 again. + +I'm very bullish on the long term, but if you're freaked out by knowing your BTC could lose 60% in value of the coming month, you've invested to much. We'll start preparing the suicide hotline posts for you again once that happens. + +The positive news is that BTC has come back stronger after every dip. If we go down to $20.000, we'll bounce back to $80.000 after. But please stop freaking out if we don't go up every single day. +Excuse the clickbait titles, but i think it’s good to consider the alternatives to finding the next 100 bagger to make it rich. + + +The power of compounding interest. + + + +at 7.5% growth it takes under 10 cycles to double your money. If those cycles are days you have 5 trading days a week which gives us two weeks to double your money if you can consistently hit 7.5% a day. Now if you started with 1000 dollars and did this consistently guess how many weeks to get $1M.... 20 weeks. It’s okay to take profit when you get it, do it consistently and limit your losses and you will make money. + + +If you aim for 15% gains and limit losses to 7.5% if you are 50-50 on your trades you will consistently make money and move toward your goal. + + + +Something for everyone to consider as we are seeing stocks go crazy all around, slowy and steady can win the race and sooner than you might think. Figure out a strategy and stick with it. Good luck everyone! + + +EDIT: Just to be clear I know that sort of consistency is near impossible DONT think you can make 7.5% gains a day it’s not real sound strategy. The principles behind it are important especially for a lot of the new traders who have been lured in by mega gains. + + +10% a month, every 7.27 months you double. do that 10 times and you’ve made it. A million in 7 years. More than many have in a lifetime, keep things in perspective +All sorts of random people have been asking me for help on getting into crypto lately. They bring up the topic with their minds already made up to 'finally buy that bitcoin everyone is talking about.' They ask me how they can get it or what I recommend buying. I happily answer their questions. Then they ask, "So it's like some kind of currency, right?" + +Now, you don't need to be some hot shot expert in cryptography, finance, or IT to be allowed to buy a crypto coin. I'm not actually concerned about the virtue or intentions of newcomers. I'm concerned about how a sizeable percentage of the current market doesn't know what's going on, and I think that's dangerous for everyone involved. + +At this stage, those who into crypto now who are tech illiterate and/or without any prior experience in investing (of any kind) can really only depend on other's doing all the thinking for them. Many of these people have never even *seen* a a real exchange before. Stir that in a pot with the "twitterization" of news, rumors, and gossip in our modern culture. Those who don't make decisions for themselves are a powerful force in this highly volatile market. There's a lot of money on the line, and this is scaring me out of crypto. + +Some crypto supporters claim this is happening because "The people have spoken, and they are sick of oppressive fiat currencies." I'm sorry, but I don't think any of those people that are coming to me and asking what coins they 'need to buy' are the type to have tracked the LIBOR index or the USD to Argentinian Peso rates and see a crypto as a viable solution to a particular problem they've been pondering about for years. + +I think many crypto users are overestimating the amount of sharp, powerful, and rational wall street bankers in the market and are underestimating the vast population of the average, uninformed, and inexperienced Joe. How can you see the recent surges in price and just think "yeah, that's money from wall street flowing in," when you there are ordinary people who just got into crypto a month ago all around you and your social media platforms? + +Bitcoin mania is a warning sign to me. It made me re-evaluate the investment risk in buying coins from red to red hot. + +The amount of red flags I see is above my tolerance, and I've already decided it's time for me to start to gtfo. At the least, it will spare me from being asked: "Where can I get it? I want to get some for the future when it hits big. It's like a kind of currency...right? Do you think it's going to keep going up?" +My parents surprised me with a new a car a couple weeks ago after I got back from a road trip I took with old friends. They sold my old car which was completely paid off (and they paid for in full). I just graduated from college and do not have a full time job lined up and don't expect to have a well-paying job for some time. + +They are expecting me to pay $9600 for it over the course of four years and they've been generous enough to pay off the first year. I'll technically be able to afford the car, coupled with rent and everything else, but especially for the next year, and maybe more, the $200/ month will be a considerable dent in my quality of life and wallet. The car I had before worked well enough and wasn't a drain on my resources. If it was my choice, I would never purchased this new car for myself. + +They meant well. I think. I'm just looking for another perspective here -- the fact that they threw ~$10,000 of debt at me without so much as a text is immensely frustrating, particularly in passing it off as a gift. Am I wrong to be upset? Especially considering they purchased my old car for me in full, I'm on their insurance, and they are paying off a year of this one. I realize that those are serious privileges, but all the same I can't help but feel that they've disrespected me by never asking my consent. + +Any advice would be welcome. + +Edit: A number of people have asked; the previous car's title was not in my name and as far as I know this car's isn't as well. My father had told me he'd transfer the title on my past car. The agreement was that it was mine, though legally that was not the case. + +Current car is a 2010 Toyota RAV 4 with 80,000 miles. (Sorry if my wording made it seem like it was brand new off the lot), past car was a 2002 Hyundai Elantra running fine, but that had had some issues over the winter (new battery). I think it was at around 120k miles +Good Morning Superstonk! + +A lot of stuff went down last week a possible\* ATM offering of 5M shares, new chairman and CEO/CFO announcements, and [I lost a bet](https://www.youtube.com/watch?v=zV_Mf7SbA34&t=1s). + +I'm looking to see if we move up into that previous exponential growth channel or we form a new one today. I will also be paying pretty close attention to the bond market and SPY this week as those are looking pretty unstable. + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/nz1x01/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Check out the daily livestream @ [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base... + +# After Market + +Well that was a weird day decent volume traded but basically no indication that they were still in the process of selling shares at least on the indicators possible that larger investors are waiting to make a move after the ATM announcement. I guess we'll see what happens tomorrow maybe more sideways. + +https://preview.redd.it/i3kwb5wdfa571.png?width=667&format=png&auto=webp&s=8dca9f7e933a5fe5f127a909bd6341c352df5c3a + +Also did the SPY just do a short squeeze? I didn't see this on this weekends list of WSBs pump and dumps... + +https://preview.redd.it/73w2hz9kfa571.png?width=1593&format=png&auto=webp&s=6662aba366a3def3f41c2d9b6efc8a1b3a7b5080 + +\- Gherkinit + +Edit 5 3:04 + +Flat still + +https://preview.redd.it/44x5qqno4a571.png?width=1618&format=png&auto=webp&s=3722234df3a35e2bb08a49acf085121c6acaa741 + +Edit 4 1:10 + +Still chopping on VWAP I wish I had more to say about this but the volume seems tied up elsewhere today + +https://preview.redd.it/k9sno35gk9571.png?width=1603&format=png&auto=webp&s=6efa1dcb42cf8e14b290ed4800787dd1ccb24796 + +Edit 3 11:19 + +Small breakout testing VWAP volume is still crap but maybe it will pick up later today. Bigger buyers will most likely wait for the ATM announcement before making any moves. + +https://preview.redd.it/d93d3m1o09571.png?width=1615&format=png&auto=webp&s=f5b4fe248753a6af7a04b1f53199da559949934f + +Edit 2 10:26 + +Volume very low, we had a breakout from that wedge after the dip but it looks like that triangle from Friday is gonna fail + +https://preview.redd.it/3cj6vry2r8571.png?width=2049&format=png&auto=webp&s=52db7b6b63f7cff6e533aadd3ab75cce55c44023 + +Edit 1 9:38 + +Classic GME short-breakout + +https://preview.redd.it/uklzgr3mi8571.png?width=1568&format=png&auto=webp&s=cb6474f2ad5cc588df8d61a387d07542e207deac + +# Pre-Market Analysis + +We might be opening the day on a breakout of this ascending triangle which could be a nice start to my expected climb for today. Pre-market volume still low at 83k while I write this. 1.2M shares available to borrow between Fidelity and Iborrow. No notable arbitrage. + +https://preview.redd.it/qi8gez1i58571.png?width=1426&format=png&auto=webp&s=8b658256daa610ba4282b262355663d0bc3be348 + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +What was/is it like? is it hard to adjust? I've heard some horror stories about people getting out of work early and it ruined there life because it wasn't what they expected. +Hi everyone, I just found this project and really fell in love with the website. I think the name Moonsters is very nice and design on their website and telegram is also top notch. I always check these things before aping in, because that's what's make these project unique nowadays with constantly new tokens launched every minute. + +&#x200B; + +Everything the team does looks very professional and the community is very hyped about this token. + +&#x200B; + +It's been live for some hours and every dip is eaten like crazy. + +&#x200B; + +✨ MOONSTERS 🚀Stealth launched + +&#x200B; + +Ownership renounced and liquidity is burned. + +&#x200B; + +Always DYOR. + +&#x200B; + +Here you can verify the tx yourself: + +&#x200B; + +🔏Renounced: 0xfca80e3afbeecac7cdcaa45cfd9db18a9ef4a54604a77045b59ff5910a2bfa12 + +&#x200B; + +🔥Burned: 0xb2ed13ad378543d7a35454648555717e2d980b259044a2ece4126c8fa678c8cd + +&#x200B; + +The team is planning on building a kind of war-platform at 1000 holders where different types of monsters can battle each other. This might be the very early stage of a very big gamified project yet to be developed. A real gem and worth holding for at least 1 month. + +&#x200B; + +Currently at a low market cap 150k and 500 members in TG. + +&#x200B; + +Supply: 1.000.000 + +&#x200B; + +2-6 % TAX Goes back to Liq & Holders + +&#x200B; + +Anti-whale: Max. 8000 tx + +&#x200B; + +Brrrrrrr! Moonsters unite! + +&#x200B; + +When $Moonsters work together we can beat the system and moon! + +&#x200B; + +LINKS + +&#x200B; + +🌎 Website: [https://moonsters.io](https://moonsters.io) + +&#x200B; + +🥞 Purchase PancakeSwap: + +&#x200B; + +[https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x4CdD017C01F6829Fd7b0a5CE9aD232B367295047](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x4CdD017C01F6829Fd7b0a5CE9aD232B367295047) + +&#x200B; + +💎Community: t.me/moonstertoken +I recently finished the chapter on inheritances in Thomas Piketty’s “Capital in the 21st Century.” Two observations really struck me (broadly, possibly poorly, interpreted by me): + +1) The unprecedented destruction of capital during the first half of the 20th century (world war-depression-world war) was the closest we’ve ever come to a hitting a global financial “reset” button. This prevented many people born from ~1885-1925 (those who managed to survive the wars, anyway) from either turning savings from income into long-term security or provide a surplus for future benefactors. They did not benefit from inheritance in the same way as their parents had, from lack of capital or lack of recovery time for compound interest to work its magic. This shows up in the data as a sharp decline in the share of national income from inheritance, bottoming out in the immediate post-war years (1940s and 1950s) from a peak reached in the decade before 1914. This had a significant impact on how the Silent Generation and Baby Boomers viewed the role of inheritance – their parents generally didn’t receive one, certainly not enough to retire off of, and labor (not capital) became a more consistent path to financial success. + +2) The subsequent explosion of capital during the latter half of the 20th century, combined with increases in longevity and decreases in birth rates (fewer kids), once again enabled high levels of capital accumulation. Silent Generation and Baby Boomer cohorts who saved and invested well find themselves with surplus capital to plan both comfortable retirements and future inheritances. They even started giving significant gifts while still alive, with a notable rise in the level of capital gifts beginning in the 1980s and on an upward trend ever since. Bottom line: Millennials born into upper-quintile households not only stand to inherit large sums of capital in the ~2010-2050 window, but have also been receiving significant cash gifts earlier in life, typically in the form of paid college education and subsidized real estate purchases. The share of national income from inheritance is once again approaching pre-1914 levels, and will soon pass it as the Baby Boomers begin departing en masse. + +The 2nd point in particular sticks out, as it’s the one that I can actually see. I know a number of friends and peers who a) had their college completely paid for, often including housing and monthly allowances, b) received generous home down payments, and c) justify their lack of retirement savings through the implicit understanding of the large sums they stand to inherit in 20-30 years when their parents are gone. Before I read this, I hadn’t thought of paid-for college as an “inheritance,” but if strictly defined as an inter-generational capital transfer, it absolutely is. Those without this early inheritance, even if they’re making fantastic decisions (wisely choosing a major, getting involved in school, working through college to alleviate some of the debt burden), are still taking out large to massive student loans as mortgages on future income. On top of that, they don’t stand to benefit from the absolutely MASSIVE generational wealth transfer that has already started and will become even more noticeable in the next 5-10 years. + +The intent of sharing this isn’t to demonize anyone (we're not the sub that's going to get riled up over parents planning and saving for decades to take care of their kids) or to get political, I just found it utterly fascinating. My friends/peers who aren’t as obsessive about finance - to say nothing of FIRE - and have yet to convert to the Church of Compound Interest can’t really appreciate the logic behind it. Maybe you guys do. + +So…what happens when our friends and generational peers who, on average, live paycheck to paycheck and make the typical (poor) financial decisions, start inheriting sums that took us decades to accumulate? Will FIRE become more common? Even if the inheritances are managed poorly on an individual level, will they drive up the price of capital on a societal level? Will we benefit from that as capital investors? + +For real fun: What policy implications can you foresee coming from this, which may DIRECTLY affect us and our plans? A global wealth tax like Piketty suggests (which would be brutal for FIRE folks)? Lower thresholds for inheritance taxes? A rise in populist politicians who are either socialists advocating mass redistribution, or nostalgists who promise to Make America 1950 Again, which is possibly not replicable without mass destruction of human and financial capital? + +Curious to hear your personal views/attitudes towards inheritance, and how you see it affecting yourself and your peers over the next 30-40 years. + +Paid to hold out hope for my tsla 550 puts this week!!! +Went from almost $75 in value fo almost $2k today. +Sold one around 600, one at 1100, and one around 1600. The last one I foolishly thought we'd see one more leg down to 525 and it ran otm and got away from me. +Lessons learned: I was patient, and got lucky. +I was also too greedy with the last option and missed out on at least a grand. +I was proud of my decision to pay for the trade and eliminate risk by selling my first 550 put in the 560 range, instead of getting too greedy and waiting for a drop that maybe doesn't come. It let me sit back and be a little more patient with the other contracts (too patient with 1). +All in all, I liked my put, it profited,though not perfect execution. So many times I miss that golden window to sell and not get too greedy. +Thoughts or feedback would be great from others. +My boss appears to be setting me up for termination after two very good years in a job I (used to) love +- Like many people, I'm house rich, cash poor +- I have no significant savings (long unhappy story) +- I work in a tech field in especially high demand after the pandemic for remote workers across the US +- it's never certain but I don't think it will take very long to land a comparable position (I'm already actively looking) -- maybe 3-6 months +- I earn very close to $100k +- I am debt free except for mortgage and car payment +- I WFH and keep expenses and spending to a minimum +- I have about $90k in equity in a 1500sqft 3br in a very quiet suburb of a very large sunbelt city +- I don't want to refi my under 3% 30-year fixed +- I have an 819 FICO and confident I'd qualify for a loan +- I am 3-5 years from full retirement age but plan to continue working while I am able +- If I am terminated, I will be unable to pay the mortgage +- I have no dependents + +So does it make any sense to get a personal bank loan ($30k? $50k?) with 5-7 year term to bridge expenses while unemployed? +- Without that loan I will lapse on mortgage payments almost immediately, damage my credit rating and lose a nice modest home I'd like to stay in. +- With that loan I could stay afloat, but I would come out on the other side with debt I would need to pay off, increasing my monthly expenses. +- Or I could wait and see if the termination happens, list the house on the market immediately when it does, and walk away with $80-90k cash but needing a domicile in a market where both rents and home prices have increases substantially. + +Anyone want to talk me out of it? + +My husband and I do not have kids yet, but are discussing financial expectations of each other and what kind of financial standing we want to have in our later years. + +Even though we are not planning on having kids any time soon, is there any type of account we can look into setting up before the baby is born? + +Just wanting to look into options of sectioning money into areas that will be important later on down the road. +I have $10k that I want to put into a taxable investment account through Betterment that I am using to save/grow money for a house down payment. When I originally created this account last summer Betterment’s roboinvestor recommender roughly a 50/50 split based on my 5 year time horizon. To my understanding, the allocation it recommends is based solely on your time horizon. + +Given that we are in a bearish market, is it best to change that allocation to something more conservative like 60% bonds and 40% stocks? If so, can anyone recommend any tools or rules of thumb that you use to determine this allocation? + +EDIT: A lot of people have said that investing in any stocks for a time horizon of 5 years is inadvisable. Can anyone speak to why Betterment recommends a 50/50 split then? I wonder why the disparity between your general assessment and theirs (or anyone else for that matter) +I (32F) recently broke up with my spouse of 5.5 years, and I need help planning for my future and setting up a financial plan/goal. I make \~$90,000-99,000 a year (working 40 hours a week). I am looking into working atleast 15 more hours a week for $77-79 an hour (more pay on the WE) to increase my chance of achieving my financial goal, as needed. I have a 401k account, and maximize my employer's 6% dollar for dollar max contribution. I also invest and maximize the 6,000 per year Roth IRA limit. In total, both accounts have a combined retirement fund of $62,000. I know it's a little low in terms of the expert's guidelines set but I went to grad school that pushed me back w/ my financial goals even more. I have $20,000 in student loan debt. I have no other responsibilities. I do not have any children. I make $500 in car payments a month, and I have 2 more years to pay it off. Afterwards, I am keeping this car until it dies on me. Since I just recently moved out, I have been staying at my mum's which will significantly lower my monthly housing cost by a good chunk from $1700 to $300 a month (my mum's rate as her mortgage is literally $500 a month for a $300,000 home. I do not like my mum's neighborhood as it's in the pseudo-burbs (in between the city and suburbs)-no offense. Ideally, I would like to purchase a home in my old neighborhood as it is a 15 mins bike ride to work and it is in the middle of everything. The problem is the cheapest semi-updated home runs around $450,000. And these are not big homes and usually runs between 1100-1500 sq ft, I guess I just hope that the housing market slows down by then but I can't put too much on hope. I also live in TX which has a crazy property tax rate of 2-2.3%. For all of you number crunchers out there, do you think I can afford that kind of a home in 3-5 years, while still not neglecting my retirement goals? Given the detail I outlined above, do you think it is possible? I do not foresee my salary going up in terms of hourly rate in the next 5 years but I can always pick up more work as needed. +I’m not to savy with these things but I understand I need a 401k and my job is now offering an employer matched 401k + +“The Company will make a matching contribution equal to 100% of the salary deferral contributions that you make up to the first _1%, and 50% of the next 5_% of your compensation that you defer.” +This is what they said is this good or bad? +My husband and I are 47 and 42, resp. We have two kids together, 7 and 5. I have an older child almost college-aged, and thankfully her father will be covering her college expenses. + +Here’s where we are: + +—$800K 401K + +—$65K 529 (for our younger children) + +—$400K equity in home (currently about half it’s value) + +I do stand to inherit $2-$3M in family money as well, but since it’s not in my hands, I don’t really want to lean on that. + +Gross income is about $200k. Since my youngest will be going to school FT in the fall, I will be working more hours and stand to add about $40K more. Goal is to double 529 contribution beginning this fall, then triple 2022 once done paying tuition for my youngest. + +The problem? We have almost nothing in savings. No debt thankfully. We typically receive a large tax return each year and basically use that for home renos or vacations. And we pretty much do and buy whatever, whenever. Which…is probably the problem. + +I feel that we are in decent shape for retirement but need to get more disciplined now. + +Any thoughts? +EDIT 5: This mainly applies to buy orders, so it forces them to stay on the open market. When selling, it's best to let Fidelity handle the trade for you, so that you get the sell price(keeping in mind to do a limit order, not a market order). The purpose of this is not to spread or appeal to FUD, but to help take ammo away from any shenanigans the SHFs can use against us. + +EDIT 3(Read this first): NYSE limits each trade amount to be blocks of 100 shares ort higher, however I've had a few users inform me that trading through ARCX(NYSE: Arca) and XNMS(NASDAQ) worked for them with orders between 1-10 shares, so I've updated the post accordingly. + +Steps below(click each step for reference pictures): + +1. [Download the Fidelity Active Trader Pro desktop app](https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview). This app is similar to Webull's desktop app. Only works on PC or Mac. Android users, you're out of luck and sorry iOS users, I don't know, but I assume the same since Fidelity does not list it on their site. +2. Once installed, open the app and login +3. [In the top right, click `Settings` → `Directed Trade`](https://gyazo.com/bc3f853dcc368838ec9d9bf05f1425a8.png) +4. Under `STOCK DEFAULTS`, change the `Default Route` from Default to [ARCX(the Market Indicator Code for the New York Stock Exchange(NYSE): Arca)](https://gyazo.com/f06f64a8b014f29714789ddcbc7bfdb5.png) or to [XNMS(The Market Indicator Code for the Nasdaq)](https://gyazo.com/071a54c6ba9ec8a68532a56de3b49545.png) + +The only stipulation, by my understanding, is that you now need to place all trades on the desktop app in order for them to be manually directed. If you trade through the phone app/website app, then I believe it defaults to Fidelity's Default which could take you through a Dark Pool. + +Also, the desktop app, is customizable, so feel free to lay it out in a manner that you're most comfortable with. [Here's how mine is laid out](https://gyazo.com/92b1e3577d988300573d0edade2ac2de.png) + +As always, please feel free to leave any questions/comments below. This is not financial advice, this is just me showing what I personally did to route my trades manually. you do you, boo. + +EDIT: The reason I suggested NYSE is because Fidelity does not support trading through IEX, so the next best solution is to route direct to another exchange. + +Edit 2: One user reported that trading direct to NYSE required blocks of 100 or larger... I'm unable to confirm as I don't have enough money to drop into GME right now, but if this happens to you please let me know, and maybe try selecting ARCX or XNMS and see if that works. Thanks! + +Edit 4: Looks like trading through ARCX allows Fidelity users to trade both in Pre-Market as well as After-Hours. This is ANOTHER huge advantage to using their desktop app, since the mobile app and website platform limit you to market orders. You're still bound by the +/- 50% rule, but at least you have more time with which to trade! +Day 1: 25 Aug 2022 💰✅️ WINNING DAY + +Number of Iron Condors : 8.5 + +Capital deployed : $25500 USD + +Net credit per Iron Condor (not accounting for comissions) : $80 USD + +Profit for today (accounting for comissions) : ~ 637.50 USD + +*Note : Although it shows 14 Iron Condors being traded, I am only doing 8.5 Iron Condors. The remaining 5.5 Iron Condors is whereby I help my family members trade too. +I've found a house I'm really interested in but can't currently afford the 10% deposit. I'm a late 20s solo buyer with really good credit. My mortgage in principle is for almost the amount of the property so I can get away with a smaller deposit. + +I can't ask family or friends to help. + +I can currently afford a 8% deposit with only a bit left over for fees. My salary is fixed so I couldn't save the additional for at least 3 more pay checks so maybe end of march at a push. + +An example interest rate at 8% is 2.79% on a 3 year fix compared to 1.89% on a 3 year fix at 10%. + +The difference in monthly payments between the two deals is £275 per month. While I could afford the 8% deposit repayments, 10% would obviously be a lot more comfortable. + +I know you can't time the market but the prices in this area have risen steadily and more dramatically over the last year in particular due to SDH. + +Do you think I would be silly to take the 8% deposit when I could wait a few months and do a 10% deposit? It would mean missing out on this particular property. +I know we all want to be picking Lamborghini colors in like a year, personally I’m prone to picking the orange one. But whats your realistic goal with investing in crypto? +My plan is to leave my country in 3,5 years (when I finish my PhD). I’m sick of having such a poor quality of life in a third world country, and to be honest I think I deserve more. For that to become reality, I need a lot of money and that’s why I’m investing in crypto. Hope that in 3,5 years I can tell yall I made it, but I’m interested in your reasons too. +Many are aware of Tilray, Sundial, Aurora and Canopy, but does anyone know the level of quality these companies produce? + +Aurora is the worst, growing terrible weed that nobody likes, which is why their revenue has been declining for some time. + +Canopy puts high price tags on mediocre to poor weed, but they recently bought a strong brand in Supreme. But overall, they still have too much dead weight to perform well. + +Most Sundial brands are not impressive but fairly cheap, making them better than the first two, but not very good. Their most expensive brand, Top Leaf, is not high quality enough to command the prices they are asking, and is often discounted as a result. + +Tilray (especially since they merged with Aphria) has many brands, and some are cheap and good enough to attract consumers. But they have no brands that could be called impressive. + +Citizen Stash ([CSC.VN](https://CSC.VN)) (EXPFF in the US) sells some of the best weed in the world, and have become very popular. As a result, their last three quarters have shown QoQ revenue growth of 25% (=/- 1%) and are only 90k short of being profitable (will likely cross when they report later this month). They have limited debt with a grand total of 11k in interest payments last quarter. Great company selling great weed, and has a strong future as a result. + +Decibel Cannabis ([DB.VN](https://DB.VN)) (DBCCF in the US) came out with the highest THC percentages in the industry last year, and sold all their product at top dollar as a result. They are also number one in concentrates (shatter and wax) as they have a great brand and offer at great prices. They also significantly expanded their grow capacity early this year, and are currently adding product to the market (they have been in short supply for some time, limiting their sales). Their revenue over the last three quarters has increased 29%, 51% and 11% QoQ respectively. + +CSC.VN and [DB.VN](https://DB.VN) are growing rapidly in a rapidly growing industry due to their competitive advantages- they simply grow better weed. The main factor holding them back is not being well capitalized, so you can buy a Sundial who has cash to burn for years, or you can buy companies that are on the verge of profitability (DB operates at a profit by some measures, even after subtracting the excise tax). DB also seems to have a significant short interest with a borrow rate often at 15%, so there is squeeze potential. But these are fundamental plays on the companies that have established themselves as winners in the pot industry. + +Edited to include US tickers +I will preface this by stating that I am a full-time medical student at university. I receive full student loans + £2000 in bursaries. I work irregular part-time Bank Staff work at my local hospital. + +The maintenance loan amount I receive is £10,642 per year, + £1000 in September and £330 each term (the aforementioned bursaries). + +As I only work on the staff bank I do not have regular set income from the bank work that I complete as it totally depends on how much I work. My university commitments totally dictate how much I am able to work. As it is currently summer I am working as much as possible and only working nights and weekends to maximise my earnings. + +The rate of pay for the bank work is £10.81ph (£14.81 for nights/saturdays and £18.81 for sundays), and I tend to work 12 hour shifts. + +I have two overdrafts. My student bank account is interest free with an overdraft limit of £1,500. I am fully overdrawn in this account. + +I have another current account with an overdraft limit of £1,000. I am overdrawn by £500 in this account. + +As for my outgoings... it is worth mentioning that when I took out my car finance I was in a better financial position, but also underestimated the burden this would place on me. I've never had such an expensive regular outgoing before and didn't anticipate it would be too difficult to pay. Then I got overdrawn and was living in my overdraft to afford to live, and still am. + +My regular outgoings are: + +**Rent:** £478pcm (includes bills) + +**Car finance:** £225.37pcm (£14,563 total remaining, ends in 2025) + +**Private car reg (sigh):** £39.94pcm (£239.54 total remaining, ends 02/23) + +**Phone:** £51.37pcm (£545.68 remaining, ends 09/23) + +I do have a few other small outgoings (house insurance for uni which is £8.81pcm, pre-payment certificate which is £10.81) and other subscriptions (Spotify, Amazon Prime, iCloud storage). + +**Now for where I am struggling:** + +I don't know where to start on breaking even. My main concern is getting out of my overdraft, but I am not sure how to start with this. As I work on an irregular basis, my pay is not the same each week/month. I can work as much as I possibly can before I go back to uni in late September and will be able to work while back at uni in the same job and similar rates of pay. But I do not know what to prioritise. + +What do I do with the pay I receive? Put the money aside for my regular payments first, then start paying off my overdrafts? What about when uni starts and I only receive my student loan termly? Put aside all the money I need to last me until my next student loan? I have had a look at the flowchart but am really struggling on the budget building part due to my inconsistent incomings. I don't know how to budget properly when I don't know how much money I have to budget with. Sorry if this seems such a foolish thing to say. + +Anyone who can help or point me in the direction of some concrete advice that will help in my situation would be greatly received. Thank you. +So I received a W-2 from a company I didn't work for, the amount of money matches about what I made from my last employer who was a very shady guy. The company has HR Outsourcing in it's name. I think he hired me for certain contacts I had and I was capable of doing the job well but didn't want to pay for my salary long term and just wanted the help as he looked for someone cheaper. Also to avoid unemployment benefits. The funny thing is I got a w-2 from him but it was for the last check I got after threatening to sue him for pay owed. + +He still owes me pay, but I've been told hes bankrupt now and his house is in foreclosure so I dont want to waste my time. + +My question now is, do I need to file criminal charges for identity theft? Please help I never imagined something like this could happen. + +I will crosspost to legal advice + +Edit: I never signed a contract, I didn't "overlook" paperwork. I interviewed for a position with a company, got the position, did a W-2 upon hire. I literally said it wasn't disclosed and the most upvoted comments are assuming that I just overlooked something and I KNOW FOR A FACT THAT IS NOT THE CASE. There was no disclosure. +I’m way off buying but would probably go for an apartment. I love high density living. + +However, every second builder seems to pump out crap constructions. + +So, answering seriously, what are the worst builders (For example, I hear Geocon, Icon, Toplace are bad) and the best builders (is Mirvac’s marketing true?) + +And, what steps as a FHB does one take to avoid buying a lemon? +Looking at buying a high quality IP $2–2.5m budget in mid 2023 as prices drop a bit looking at inner ring Melbourne places like Northcote, Malvern East, Hawthorn East, Alphington, Ivanhoe, Fairfield or Thornbury + +Typically rent for a 4 bedroom 2 bath in one of these suburbs in a house that isn’t falling apart is easily $1-$1.2k a week at that rate why not just buy a house if your paying more than the average mortgages + +So what type of tenants rent these places? Short term migrants on temporary contract work? Surely there’s gotta be some demographic Im missing? +As the title states, I was left stranded in Belgium when my first connecting flight was delayed. For an overview, i was intended to fly from Birmingham to Belgium and then connect from Belgium to Germany (this was all in one ticket, not two individual tickets). The flight leaving Birmingham was delayed and thus I missed my flight to Germany and was stranded in Belgium. + +As I purchased the ticket through Mytrip and not directly from Brussels Airlines, I cannot simply contact Brussels Airlines for a refund and must act through Mytrip. I have since learned that Mytrip are terribly slow at helping people claim compensation for these sorts of situations (lesson learned, buy direct from the airline next time) + +I have filed a complaint via a service called Resolver.co.uk but am still waiting on any sort of confirmation. Is there any additional steps I can take to ensure I receive my money back? Should I file a dispute against the payment to mytrip via my bank? Any advice at all is appreciated. +Pardon me if my question is too broad as it's my first post and I'm still getting used to all jargons. Was just curious about this observation and was wondering if its just me or are their deeper implications/strategies? +Is this all somehow data driven? + +EDIT: spellings +I got the message below for one of the MFU accounts, and not the others. I wonder if they are doing a gradual roll out of the new UI. Not even the most die-hard fan of MFU (including yours truly) would contest the fact that the UI 'sucks' - so any improvement would be welcome! + +" + +Dear Investor / User, + +Thank you for choosing MFU for your Mutual Fund transactions. + +We are glad to inform you that we will be moving to a new improved UI version effective 1 Nov 2020.  Consequently, the old version will be phased out. + +Therefore, we are keen that you to start using our new UI immediately. + +In case you have any feedback / suggestion on our new UI, you may please raise the same under General >> Feedback in your login.  We would be happy to have feedback from our esteemed investors and will try our best to enhance MFU system to provide you with improved experience. + +Yours Truly + +MF Utilities India Pvt. Ltd" +A question for all of you here at r/IndiaInvestments. All of us are here as we are compulsory savers, and I suppose this discussion would be useful to everyone. + +Basically, I have the debt part of my & SO's portfolios maturing periodically. I do not need this amount for a period of twenty years ~~till~~ from now (retirement). + +To get the best appreciation from these bulk amounts, how would you reinvest them? In your analysis, you can diversify as much as you choose (but I am shaky on direct investment outside of India other than through mutual funds, and I won't touch crypto). Obviously, though my risk appetite is high, I would also like to at least maintain the principal securely over this time horizon. + +Thanks in advance to all who take the time to opine! +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. +People are going crazy in the market since last week regarding the IPO of India’s second largest card issuer and claiming that it is exactly like IRCTC IPO. Word on the street is stock issue is grossly undervalued, grey market has priced it at 950-1000 levels. +I didn’t want to invest in it but after reading the numbers, I am interested and I think i will put decent amount of capital in it. I think my emotions are getting better of me due to hearing about the stock in every second conversation and just want the piece of the action now. + +Are you guys going balls deep or staying put? + +Update: The price band for SBI Cards and Payment Services IPO has been fixed at Rs 750-755 per share. +Due to lockdown, I have moved more than 160kms away from the place of work. As I am used to privacy and living on my own, I am planning to live in a flat which my mother owns on her name which is different from the one where my mother and father stay. This would also help me for tax saving purpose. I would be paying(NEFT) her rent upwards of 25k per month for that flat and get the rent agreement registered commencing on 1st May 2021. + +Furthermore my mother plans to return the money to me every month as soon as I transfer it to her. + +My questions: + +1. Can I claim HRA if I rent a flat so far away from the work city? +2. Can my mother transfer me the money back every month via neft because I don't need so much cash. Any better way to get the money back from her? +3. Do I really need to inform the society that I am living on rent as I used to stay there without my parents and they never created a fuss about Non occupancy charges. +4. Any other caveats that I should know before getting into such an agreement? +https://economictimes.indiatimes.com/markets/stocks/news/reliances-mukesh-ambani-earned-rs-300-crore-per-day-during-last-one-year/articleshow/65951656.cms +[COMPARISON TABLE](https://ibb.co/CstxR67) + +I require this community's help to fill the above table that may help me and several others decide the policy to be bought. + +Profile - 24M and employed + +1. I have been contemplating getting a term life policy since last year. +2. I have not been able to get the correct plan for me. +3. I have compared premiums and critical illness payouts for five common major insurance providers. + +* Aegon Life +* SBI +* HDFC +* ICICI +* LIC + +My father's friend and insurance agent has been pursuing me to go for a policy through him. He has been preparing the argument using the below points - + +1. LIC being a Sarkari company is the best. +2. Private players and new companies like Aegon won't pay you and will reject the claim. Gave me examples of MAX BUPA, etc. +3. Better to pay high and get a policy through an agent since the claimants generally aren't able to claim through portals and there will always be a call center on the other side that won't bother to help you. +Damn! From ₹5000 to ₹8500 crores. Can any MF experts comment on how we should read into the number? +[https://tradingqna.com/t/how-much-commissions-did-mutual-fund-distributors-earn-in-2017-18-and-who-were-the-top-earners/41806/3](https://tradingqna.com/t/how-much-commissions-did-mutual-fund-distributors-earn-in-2017-18-and-who-were-the-top-earners/41806/3) +I would like to know more about Grey Markets for Indian stocks. Until now, I was under the impression that to trade stocks, they need to be dematerialised, and that they can only be sold on exchanges, through brokers acting as intermediaries. + +Is there any interesting literature on these? There will probably be no 'official' data, but out of interest, I would like to know more, such as: + +* What is their purpose of existence? Hiding of wealth? Tax avoidance? +* How much is the daily turnover compared to NSE/BSE? +* Are all stocks traded or just a select few? +* Are other securities like corporate or government bonds also traded? What about commodities? +* How are accounts usually settled and at what frequency? +* Can grey market securities seamlessly be traded on official exchanges, and *vice versa*? +* What are the views/positions of the relevant Regulatory Bodies re: the existence of Grey Markets? +I still have a few years to go to FatFIRE, but like many on this sub, many of my retirement goals include luxury, international travel. But much of my focus is not only on the quality of the travel, but also the freedom and flexibility to visit for weeks at a time (which is not possible in my current corporate role). But for those that have done it or are living FatFIRE, is there a diminishing return to this kind of travel? Is the 10th night at the Four Seasons really adding much more joy than heading home after the 5th night? Appreciate your thoughts. +1. [61.9% labor participation rate](https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm) +2. Inflation +3. [Printing money](https://fred.stlouisfed.org/series/CURRCIR) +4. Supply chain problems +5. Covid is only getting worse + +Yet SP500 is near ATH. I'm no economist, but that doesn't make a bit of sense. My market confidence is quickly eroding. + +Anecdotally I've ordered 22 vehicles at work, we're told to expect them in 1.5 years. Local stores (walmart, target, etc) are closing to try to restock. Nearly everywhere is short staffed and trying to hire. +Start seeing a lots of these posts recently. + +>"I am buying MSFT? Is now good time?" + +&#x200B; + +>"I just bought MSFT? Is it a mistake?" + +&#x200B; + +>"Should I sell TSLA now? Is it too soon?" + +&#x200B; + +>"I sold TLSA? When should I buy back?" + +Wondering why...I think some brokerage requires their users to post on reddit before submitting an order for some securities reasons... + +I am not so sure because my broker doesn't require me to post on reddit at all. +I work hard… often with my hands. I come home tired and hurting from my feet to my back. At the end of the month, I put $60-$70 bucks a months away for GME. Every two to three months, I get a share of GME. Some nights, I swear I can hear Mr. Perjury laughing at me. “Look at this Schmuck. Back breaking work with kids and a wife. Barely making life work. Why doesn’t he learn to code or go back to school?!?” + +This is my chance, our chance, to know what it’s like to live life to its fullest. To watch our kids grow up. To really know what life can offer. It’s not money that I want. It’s the ability to choose my future. It’s a night at home with feet that don’t hurt. + +This is our chance. Please God. Don’t let me blow it. +After securing "big wins" in spending (reasonable rent/mortgage, reasonable or no car, keeping luxury spending in check) and making use of tax-advantaged investment accounts, increasing income becomes the most efficient way to hasten the road to FI. This is because the time and effort required to reduce spending after achieving "big wins" goes further when it is instead used to increase income, coupled with the fact that spending has an absolute "floor", while income potential for most people is huge and unrealized. + +If you spend any amount of time here, it becomes pretty obvious that changing jobs/employers is one of the best ways to increase income, especially for young people who are earning their most valuable dollars (thanks, compound interest!). That said, I thought it would be nice to have a thread devoted to advice and experiences regarding job hopping and job hunting. + +I'll kick things off by providing some advice: + +Never stop interviewing. I would advise going on interviews at least once every six months, even if you are happily employed. This has multiple benefits: + +* Interviewing is a skill and interviewing regularly will keep it sharp +* You will stay on top trends in your field and the skills that companies within it are looking for +* You may just stumble upon a job you really like, so you never actually have to "look for a job" + +What experiences have you all had when job hunting or job hopping, and what lessons have you gleaned from it? + +Have you ever switched jobs when trying to migrate to a different city? Different country? Did you identify a job you wanted or a place you wanted to live first? + +Did you go back to school or develop a new skill that allowed you to transition into a better paying career? How did you make that decision and what did you consider? + +All related topics welcome! + + + + +This is my first posting here and just wanted to share something encouraging for my family. I’ve really appreciated the time everyone on here has taken to share their wisdom and advice. + +Details for me: + +Live in HCOL area (Vancouver, BC) +$80k gross salary +Wife and three kids +32 y/o + +100k doesn’t seem like a lot, but it’s a huge milestone for us. We don’t make a ton of money for our area and having three children is pricey. We also get no matching contribution to an RRSP. + +But thanks to this sub and some vision for our future, we’ve been able to effectively save half of our take home pay for the past three years. My wife and I decided that the only thing standing in the way of us retiring is ourselves and adjusted our lifestyles accordingly. + +My hope is to be FIRE by 50. Here’s to the next two decades and beyond. +Good afternoon fatFire + +I was hoping to get context from members of this community on their experience joining an old-money country club. (This post was inspired by another) + +Context - I live near LA right now, I came from an Asian country(moved over for my 2 kids' education) in the jewelry Bussines. I came from a low-class background(my dad was a blue collared worker) but have in the last decade climbed the ladder. I have practically achieved fatFIRE in my early 40s. With a kid in grade school and a 14-year-old who I hope is able to hone his skills in whatever sports he is interested in, the country club seems like the right choice for us. Speaking with some friends, I learned of a club around 10 minutes away that offered a decent golf course and other facilities. I got some background information on the club, and it looks like an initiation seems to be around 200k, and I estimate annuals are around 15k. + +So here's the issue: Hearing about the members, they seem to have grown up in country clubs. With all that said, I'm worried about fitting in with the old-money crowd(worried for my kids as well). The purpose is for my kids to have role models to look up to and to be able to relax through sports and other activities. + +Am I worried for nothing? +Hi folks! My situation is that I have enough money to last the rest of my life, but I am still interested in taking on interesting projects (for me, interesting == having an impact on climate change). I recently started working with a company that wants to pay me a salary, and I'm trying to figure out if I can just have that entire amount deposited into, e.g., my DAF. The goal is to maximize my charitable giving, and minimize what I pay in taxes. + +Has anyone on this sub done anything like that before? I've heard of folks donating their entire salary before, but I can't tell if there's a tradeoff between: +1) Giving up control over which organizations get the philanthropic benefits +2) Retaining control, but paying some amount of that money as taxes + +Would appreciate any tips or tricks -- thanks! +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 suggested best practice, as identified on TastyTrade, is different than that used when rolling. + +So, I don't understand why I shouldn't just close out a losing position, instead of rolling it, then opening a new position that uses their 'best practices'. + +Can anyone offer insight? + +===Edit to clear up question=== + +Sorry I wasn't more clear. I'm talking about closing the existing trade instead of doing their suggested roll. Instead, searching for a totally new underlying stock/ETF/Futures, and opening it using their best criteria. If the scan criteria shows that existing position's underlying still presents the best return/risk, then roll that one, otherwise, close it, scan for better reward/risk, and open new. + +&#x200B; + +Thanks! +I've been wheeling for 2 months and from the returns earned I was trying out different theta gaining strategies + +Short strangle has worked quite well and added to my wheel income. However, everywhere I go people recommend short straddle over short strangle + +But absolutely no video/article explains how to go about booking profit/capping losses. If you set up a straddle and the market moves, the delta of put/call that goes ITM gets closer to 1 while the OTM option loses delta to below 0.5 + +This means irrespective of which way the market moves we book a loss. The market rarely will ever expire inside our breakevens. The videos tell me to adjust the trades when this happens, but how exactly do we gain from theta if delta gives us a guaranteed loss upon every adjustment? +I enjoy earning a little premium from selling cash secured puts on stocks that I would like to own in the future. Just that I like to do so at a really good price. + +Now what is the downside to selling long term cash secured puts on a stock if you are happy to own it at that price? Is there something I am missing? +Can anyone explain to me, in very simple terms, what's difference (overall profit wise) between: + +1. Selling CC around 1 month away, selling it as soon as I see profit (maybe in a few days) and the underlying goes in favor of my way, take the profit. Otherwise, wait out and hold. + +2. Selling 0dte CC, check the market constantly and be ready to roll the CC for a credit if im in a losing position. +I can no longer carry a mental picture of the entire position. I am trusting my algo {queue both queasy feeling and song}. How's this for laughs: delta -8; gamma -1.7; theta +615; vega 669? + +Jan 28 P&L: +1,070 + +Jan 28 Edit: The "Holy Grail Strategy" made four trades. {cue Monty Python} + +SPY 31 JAN 22 444 CALL -1 {closed todays expiring calls} + +SPY 31 JAN 22 440 CALL -1 + +SPY 31 JAN 22 435 PUT -1 + +SPY 31 JAN 22 438 PUT -1 {this a roll of today's expiring put} + +&#x200B; +I've been trying wheeling a little for about 8 weeks on one of my accounts. Account started with about 50k and is now at 58k, so about 1k per week on average, some of those were probably above average returning about 2-3%, but even on a crappy week 1% return seems acheivable? + +So with an expected 52% return on capital (annually) why isn't everyone doing it? What am I missing? Is this just crazy volatility right now and don't expect 1% a week to last. I am just so confused? Also, as a side note. I am not being that aggressive with my trades, I am trying to sell OTM and not be assigned. +I've been messing around with debit spreads on the tsla uptrend the last few days. Say the stock is 1360 I buy a monthly call at 1375 strike and sell a call at 1400. 1000 profit possible 800 max risk. The stock goes up to 1400 same day. I'm only at 3% profit (30 dollars) is there a time element here that I'm missing for debit spreads? Or does the stock have to stay below my sold call? Should I be going wider? (Like 1375 - 1450) There is potential tsla IV is doing crazy stuff so I'm trying a few on less volatile stocks but I expected my profit % to go up to at least 50% after eating all the way up to my sold call strike price. + +I usually do strangles credit spreads and CCs/CSPs, not sure how different debit spreads are in terms of mechanics. +I got exercised on 800 shares of PLTR last week on a $23 CSP, and I bought on the open market a few more to set my average at $22.64. + +I’m a diehard wheeler on PLTR and I’ve noticed CC premium is completely in the dumps. + +Wondering how y’all are playing PLTR for the upcoming future. + +With such poor premium, I’m thinking about just holding until premiums swell up again. + +How are y’all playing PLTR? +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. +Hi PF, + +I'm probably in one of the worst places a 31 year old can be, financially. Especially in the Bay Area. I've spent money willy nilly for almost 8 years straight. Now that I want to plan for my future, I'm **absolutely freaking out internally** (as I should be) because of how supremely I've fucked myself over. I've botched it as supremely as Da Vinci drew Mona Lisa. I have a sense of humor about these things, so I've got that going for me, which is nice. Unfortunately comedy isn't the trade I ply, so it won't feed me or pay my bills. This is my roundabout plea for help. What better Xmas gift for myself other than a nice big dose of financial responsibility? + +Here is what I owe (not counting student loans, which is ~20K): + +| Credit Card | Balance | Minimum Pay | APR | +|:------------|------------:|:------------:|:------------:| +| AMEX | 5397.55| 357 | 29.99 +| Chase Frdm | 6300.62| 160 | 19.24 +| Chase Saphr | 19,202.98| 455 | 17.99 +| Barclaycard | 2367.27| 52.65 | 14.99 +| Paypal | 1940.85| 69.43 | 19.99 +| Citi Costco | 7800.33| 199.36 | 17.24 +| Car loan | 444.99| 324.28 | 6.00 +| **TOTAL** |**43,454.26**| **1617.72** | **--** + + +My income is ~5500 a month after taxes (and maxing out my 18K of retirement - which I only did at the beginning of this year when I turned 30). + +Here are almost all my expenses: + +| Expense | Amount | +|:----------|---------:| +|Rent |1900 +|Phone |70 +|Net / TV |200 +|Stdnt Loans|400 +|Minimums |1617.72 +|Car |325 +|Gas |150 +|AMC A List |20 +|Netflix |15 +|Linode |10 +|AAPL Music |10 +|Goo Drive |2 +|Dropbox |10 +|iCloud Drv |1 +|**TOTAL** |**4730.72** + +I'm pretty much left with ~500 after setting aside $250 for food. What I would like is a game plan to get me out of this hole. Ideally something I can check on a daily basis to make sure I don't stray off my track. Maybe a burn down chart? How do I even budget?! I'm so lost and confused, and blaming myself heavily for doing this to myself. I can't talk to my friends about it because this is WAY too embarrassing (and I have this one friend who sometimes tells me he has a problem, which is having too much money and not knowing what to do with it - I told him to go enjoy life - which is the kindest way I can tell him to go fuck right off - and then I feel depressed and miserable that I'm in this situation). Which makes me feel immature for feeling that way, and that makes me more depressed. It's such a vicious cycle that I can't take it anymore. I started reading the book "Your money or your life" and a book title has never hit me harder. + +I know need a side hustle and the only one I can think of is being a Doordash / Uber food delivery person (or take up a job on the weekends or both? I don't know where I can find weekend only gigs though). My car is a 2 seater Miata so I can't Lyft/Uber. + +[It feels like what I need is the help of a financial planner but I can't afford one, clearly. So that's why I'm here.](https://akns-images.eonline.com/eol_images/Entire_Site/201448/rs_500x220-140508105809-tumblr_mf6wvtEUVE1r6w7e0o1_500_large.gif) + + +.... it's 2:25am PST on Xmas Day. I'm so depressed financially it feels like my post is going to sink the bottom and never get any real / substantial help in planning for my future. If that's the case I hope a repost won't have horrible consequences :). Also I feel like nobody would want to be with me (I started seeing someone and I care for them a lot), which is why planning for my future is now the only thing I care about. + +**EDIT**: ... it's 9:15am and I just woke up to shitloads of comments! I'm completely overwhelmed by the support and response, and it will take me some time to grok everything. The amount of support makes me feel like this is not an unsurmountable challenge, which is the best I can ask for at this point. Also /u/ironicosity - I was just sleeping (I posted this and went to bed at 2:30am or later), so I'm sorry I didn't partake in the discussion until now. I'll try to acknowledge comments individually now that I'm awake. Some quick updates though: + +**RENT:** I live in the South Bay in a rent controlled area so moving isn't particularly the best option for me. I'd rather cut my expenses somewhere else, and I can probably get someone to move in with me by March after I donate / sell just about everything I don't need (a laptop, some books, and basic cookware is all I absolutely require). + +**SUBSCRIPTIONS:** I have cancelled all of the subscriptions I can think of except what is noted above. I'm willing to cut out everything but AMC - my date and I are super avid movie buffs and I watch 3 movies a week on a consistent basis, and I don't buy anything from concessions. Outside of hanging out with people it's really the only thing I look forward to. + +**CAR:** I think it would be absolutely stupid to get rid of it. If I were in SF I'd get rid of it in a heartbeat but where I live I find it impossible to get anything done without a car. I used to do it and everything took at least an hour longer. It takes me places that I need to get to and I'd rather use it to get some more money on the side, especially since it's almost paid off. I got it used for 10K with 30K miles on it so it'll serve me well for the next 5 years easy. + +Obligatory thanks for the gold, stranger! Of all my years lurking, this is what gets me gold, haha. Thanks again, whoever you are! + +The original and official [r/SatoshiStreetBets](https://www.reddit.com/r/SatoshiStreetBets/), founded by David Gilbert, is launching SatoshiSwap; the first ever Decentralized margin trading protocol. **Token: SATOSHISWAP.** + +Think of PancakeSwap with the option to open a leveraged trade. Trade with **insurance fund** backing. Let that sink in for a bit... Smart contracts coding finished and audited ✅ + +What is coming? + +\-There will be an extra utility for the Swap token to be announced. + +\-1st trial run staking pool was a success ending today. + +\-Burned all the 1.5% staking pool fee + +\-Massive marketing campaign is being orchestrated as we speak. + + Nuclear bomb of marketing coming soon! Team has millions of USDC in their marketing wallets. + + + +This is the real deal. A legit **registered company** that has been planning this project for many many months. + +All coming to fruition in the next months. I say months because the **DEX** will be going **live Q2**. Then the party really starts. This is just the warming up. + +**This is the time to get on board of the defi project of 2022!** + +\*Margin trading + \*Swapping + \*Lending + \*Liquidity providing + +\*Audited smart contracts + \*Battle tested defi components + +\*Insurance fund + +\*Experienced developers + +That is not it, much more unique features coming. Designed to reward holders of the Swap token. Choose what fits u and earn a passive income by hodling SWAP tokens: + + \*Earn interest: Securely deposit in the audited vaults and passively earn interest. + \*Yield farming: Farm yield by providing liquidity to the SatoshiSwap DEX. + \*Staking: Lock up your tokens in the HODl bar and receive staking rewards. + \*Trading fees: A percentage of each trade is shared with token holders. + \*Liquidation fees: All liquidated trades that occur on the SatoshiSwap margin DEX are shared with token holders. + +\*Diamond hands: A temporary token that tracks those who HODL and deserve maximum rewards. Tradeable and composable in it’s own right. + +\*Community participation: SatoshiSwap is distributed to community members in proportion to the upvotes their content receives. + \*Vault fees: A percentage of fees from the vaults are shared with token holders. + \*Leveraged burn: SatoshiSwap by design burns tokens in proportion to how much activity occurs on the margin DEX. With Leverage trades occurring, this means burns will occur in proportion to the amount of leverage e.g. x10. + +SatoshiSwap token: **SATOSHISWAP** + +Launched February 7th after raising 3m via a Copper auction presale. Potential to be a multi billion dollar market cap in the near future🕺 + +**NO TAX** on this coin. So can be listed at tier 1 exchanges (hint hint). + +Website: [https://satoshiswap.net/](https://satoshiswap.net/) + +Telegram: [https://t.me/SatoshiSwapOfficial](https://t.me/SatoshiSwapOfficial) + +Twitter: [https://twitter.com/SatoshiStBets](https://twitter.com/SatoshiStBets) + +Discord: [https://discord.com/invite/SatoshiStreetBets](https://discord.com/invite/SatoshiStreetBets) +I am extremely sceptical when it comes to new projects in the DeFi space as it feels like 95% are either scams, rug pulls or blatant copies of well established projects. However, i believe that with Vybe, I may have stumbled upon an actual, legitimate DeFi platform that was launched just 3 days ago. + +Here are some of the key facts : + +● No ICO / No Presale + +● Liqudity has been raised by selling ETH on ForkDelta and has been permanently locked in + +● Team funds are locked + +● Team is led by former CEO & Co-Founder of BrainBlocks (Nano Ecosystem) + +● Staking is live : high APY, no min. staking time or unstaking period + +● Flashloans are live; further DeFi applications coming in the future + +● Current Supply is 2m, Circulating supply is 350k + +● Market cap is below 450k with only approx. 240 Holders, it is ridiculously early + +Apart from this, it is noteworthy that launch of the project went smooth, the team is very responsive and helpful on Telegram, the website and staking UI are clean. From what i gathered from the Telegram, the team is looking into getting the smarts audited soon, and is willing to set up a DAO for future governance of the project. Personnally, I think a legitmate project with a working product like Vybe is a complete no brainer at this market cap. It will not fly under the radar much longer. + +&#x200B; + +**EDIT**: Below is a quick update and a few impressions since my initial post: + +After submitting this post three days ago, the price of Vybe quickly exploded from around $1, reaching a high of $6 and has since then retraced to $4.30 and consolidated nicely. Support at the $4 mark has been very strong, so this may actually be a good moment to take a position in case you haven't already. In addition to the phenomenal price action itself, it should be noted that 2/3 of the circulating supply of Vybe tokens are currently being staked, and that the returns for staking currently reach an insane 1.5% daily! + +Apart from the price action, I have been impressed with the speed and consistency of the Team. In just a few days, they completely overhauled the website, finished the smart contract to set up a DAO, reached out to leading firms to have their contracts audited, had Vybe listed on Hotbit, conducted multiple AMAs, all while being omnipresent in the Telegram to answer people's queries. I furthermore learned that the code of the Vybe platform has not been forked from another project, but is built from scratch in order to ensure the upgradeability of the Platform for future developments. This team is legit. + +Needless to say, I continue to have a very positive outlook on the project. Currently sitting at only 2million marketcap, Vybe continues to have one of the best risk/reward ratios in crypto. + +&#x200B; + +Website: [https://vybe.finance/](https://vybe.finance/) + +Telegram: [https://t.me/vybetoken](https://t.me/vybetoken) + +Coingecko: [https://www.coingecko.com/en/coins/vybe](https://www.coingecko.com/en/coins/vybe) + +Coinmarketcap: [https://coinmarketcap.com/currencies/vybe/](https://coinmarketcap.com/currencies/vybe/) + +Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0x27c41e23b9ea6e8672ba205a8449f37f46a96e03](https://www.dextools.io/app/uniswap/pair-explorer/0x27c41e23b9ea6e8672ba205a8449f37f46a96e03) +Curious to hear people who are fatfiring in HCOL areas in the current bear market. What geo? What target number? Any budget adjustments? + +By the numbers thinking $200k/yr (5M nest egg) gives a comfortable (not lavish) lifestyle. But for those in HCOL how are you calc house equity where a house is $1M or $2M. If $5M Fire number should your $2M house count? Or it’s $5M not in the house since you won’t easily be able to get it out. Also if a good chunk is in retirement Roth and 401k do you also not include those amount in your FIRE since you can’t get to it for another 20+ yrs. + +So curious to hear success stories specifically in HCOL and do they really exist if it’s just a mythical unicorn 🦄. 😁 +Not strict to FatFire but this is the only place I think this makes sense. + +Those that have hired Executive Coaches to help them on their way to senior leadership and C suite. What did you looked for, what worked what didn't? Was it worth the cost? +Curious to hear people who are fatfiring in HCOL areas in the current bear market. What geo? What target number? Any budget adjustments? + +By the numbers thinking $200k/yr (5M nest egg) gives a comfortable (not lavish) lifestyle. But for those in HCOL how are you calc house equity where a house is $1M or $2M. If $5M Fire number should your $2M house count? Or it’s $5M not in the house since you won’t easily be able to get it out. Also if a good chunk is in retirement Roth and 401k do you also not include those amount in your FIRE since you can’t get to it for another 20+ yrs. + +So curious to hear success stories specifically in HCOL and do they really exist if it’s just a mythical unicorn 🦄. 😁 +Ladies and gentlemen - the weekend. + +So since we’re all not busy looking at charts I figured I’d bring up a topic I feel should be talked about to some extent. But before I dive into this I’d like to say that I do think that this community is solid and after all the drama and migrations the best we have had so far. I’ve been around for a while, got the majority of my shared DRS’d and Kenny if you are reading this: Better stock up on mayo, who knows how long you’ll be able to afford it :) + +Now that we got that out of the way, I’d like to take this opportunity to talk about the transparency in the sub, because I think it is lacking at the moment. I have kept an eye on the moderator list and have noticed 4 mods disappearing recently, but none of these changes have been announced publicly - and I think the community deserves at least that level of transparency. I have messaged them asking about it, and several confirmed that there has been no public info about this. When asked about the reason for leaving, they all were suspiciously vague about the reasoning. + +Originally I thought “Meh, whatever” but one of the current mods mentioned it being quite toxic behind the curtain. Which would be a shame because toxicity is bad on all levels :) Except Citadel HQ, let them tear each other apart :P + +This has led me to these three questions: + +**Why have those four mods been removed?** + +**Would it be a good idea to have something like a weekly update to let the community know what’s being discussed?** + +**Is there anything the community can do to improve the situation?** + +Overall I do think the community has its own moral compass and the risk of anyone in this sub doing anything malicious that could hurt the community is very low. That doesn’t mean that we shouldn’t all try doing our best to create a nice, social, friendly space here. Mod, user, or bot - let’s all do our best to be nice to each other! :) + +Thanks for taking your time reading this - I’m curious to see what other people think! + +&#x200B; + +EDIT: Because it came up several times in the comments, these people are not mods anymore: + +[u/jsmar18](https://www.reddit.com/u/jsmar18/) + +[u/Bradduck\_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) + +[u/DeadDevotion](https://www.reddit.com/u/DeadDevotion/) + +[u/Chared945](https://www.reddit.com/u/Chared945/) + +&#x200B; + +EDIT2: Looks like there won't be a reply from one of the current mods, which makes me a bit sad. I don't think my questions are unreasonable, at least reasonable enough to be worth replying to. I guess I will see you all next weekend :P +Hi guys i'm barely starting to do research on day trading but recently I came across a post on a different sub-Reddit and have read other articles that have discouraged me a bit. I read that day traders have to compete with the market volatility, professional/genius traders, establishments with endless resources (insider information), super computers that can calculate and trade in a nanosecond, brokerage fees, commissions, etc and on top of that they have to pay capital gains taxes. I'm wondering with all of these hurdles is it even possible (winning the lottery is technically possible) or better yet realistic to day trade for a living? Those people claimed that day trading is essentially gambling and no matter your strategy the house always wins in the long run. I've seen alleged statistics (I don't know how credible they are) that 90% of traders lose money and around 5% make actual profit. Idk maybe the 90% thought it was going to be easy and the 5% guys took it seriously and became successful traders, or maybe they got lucky this year and made profit but next year they will be part of the 90%, I don't know. Now i'm not looking to becoming rich over night, not at all. My goal is to study hard, practice paper trading, then move on to the real thing and trade responsibly (as in not making too risky movements) and eventually replace a middle class salary with day trading and live off that. But i don't know if its realistic. Can you guys give me your honest opinions? +I highly suspect Superstonk is already infiltrated with shills... +considering MSM has already mentioned our sub means we are already in the spotlight. There are shills here, and be extra conscious when reading posts. +Just remember these guys are being paid to divide and conquer and they know how to do it while being subtle. +I highly suspect Superstonk is already infiltrated with shills... +considering MSM has already mentioned our sub means we are already in the spotlight. There are shills here, and be extra conscious when reading posts. +Just remember these guys are being paid to divide and conquer and they know how to do it while being subtle. +Ken Griffin, founder of Citadel Securities. Ken Griffin, perjurer during a televised hearing. Ken Griffin, alleged domestic abuser via ripping off a bedpost to throw at his ex wife due to her comments about "Chicago not being sophisticated". Ken Griffin, who on TV claimed Chicago is becoming like Afghanistan. Ken Griffin who is relocating his hedge fund to New York. Ken Griffin who very handsomely funds/buys politicians. Ken Griffin who makes elaborate grandiose gestures such as buying the American constitution and donating $8 million to Bezo's Blue Origin to send one single teacher to space (spoiler alert this is a manipulative self-serving gesture for publicity and tax benefits - 0 altruism involved) Ken Griffin. aka Bernie Madoff 2.0. Ken Griffin, suspected long term stimulant abuser. Ken short selling Griffin, profiting off bankrupting legitimate companies such as medical innovators. + +Ken con-man extraordinaire, finger pointing, scapegoating, projecting Griffin. + +This man needs to be locked up in general population prison with no special privileges for the rest of his life. All of his assets across the world and offshore tax havens need to be located and seized to make reparations. +Seriously, crypto loses you money almost always. Ditto these stupid NFT things. + +Stay safe. + +^(Dear mods, I hope you will allow this post as I worry a lot of people are going to now be approached with crypto scams). +I thought that make more sense to learn trading so that, if I get good at it, I could avoid the losses one has to take when HODLing due to fluctuations, but after 3 months of exploring strategies, learning technical analysis, trying different coins/tokens, different time frames, different indicators, I got to the conclusion that it is a bit useful to know technical analysis to be more aware of the trends and helps a little to know when is a good time to buy, but difficult to know when is a good time to sell or difficult to know if, against all the odds, the price drops a lot and you lose a good amount of money. Also, you could miss good momentum if you keep your value in USD, USDT or Euros. + +Conclusion: There is a reason why most traders lose money and why intelligent investors HODL instead of trading. Also, a lot of videos, blogs and material about trading, makes you think it is really possible and not so difficult, when in reality it is very difficult to know what the price is going to do. Those who say the contrary are normally employees or business owners of investment firms or sell trading courses, so obviously they will want to make you think that it is easy and that you can earn a lot of money trading. + +I recommend you forget trading and: + +(1) Do fundamental analysis of good coins/tokens. +(2) Buy those that look legitimate and has good prospects. +(3) HODL, live your life and do not worry if prices go down for several days because, most coins and tokens, when you see the 1 or 3 months chart, you see decent growth rarely seen in the stock market and difficult to see in other investment instruments except crypto. +If I were to do a selling of an otm uncovered call right before expiree and hold it till expiration, wouldn't that be a 90-100% return providing the underlying does not hit the strike price? + +I'm wondering what this strategy is called. Are there others out there that do these types of strategies? + +**EXAMPLE:** I recently paper traded AMC and did a uncovered otm call entering positions on 6/3 and closing at 6/4, 5 minutes before market close. A 99% Return. + +**STRATEGY:** Look for high iv securities, short an otm call option preferably weeklies with high volume on the underlying (1m+), enter position on Thursday as otm calls will likely expire worthless the next day. + +**Requirements:** To do this type of strategy (naked call/put), you would need to be pre-approved for level 4 options trading. Some brokerages will require a six-figure balance with at least 3-4 years of options experience. + +Has anyone done this? +How bullish is that? For months on end we battled at 160, 180, and 200. Now the price can't be allowed to rise above a hundred and flipping THIRTY?! How much more evidence do you need? How deep are their debts? How many shares have they created? How much margin have they burned through, to lower the manipulated ceiling to a quarter of its all time high? They are the ones who are desperate. They are the ones on the ropes. It took them a month to burn through a BILLION dollars they were loaned by other funds. They had to redeem 2 BILLION dollars to stay afloat during this market crash. THAT is how much they are spending to make us think we are losing. And every day the floor rises. Slowly, agonizingly slow at times, but steadily and surely it rises all the same. Their time is limited, ours is not. If we continue on, it is inevitable, and nothing they do can stop it, short of grand theft. + +**Buy, Hold, DRS** the axioms remain, and for good reason. Though it may take time, it is inevitable that the truth comes out. We are the masters of our own destiny now. +Using a wheel as the strategy, does anyone here average $2k+/week? I'm going to try it out at a small scale starting Monday, I've done fine with covered calls and will be doing my first csp. I don't play with meme stocks, I will only wheel faang or similar. When I quit my job I will have 1.5mil to play with and I'd like to know if that's enough to not work again and live off premiums. + +Edit: the $2k/week parameter is just looking for people who are successfully executing the wheel and making that or more. I realize that's not a great return on my capital. +For years I told myself that I loved the corporate rat race when I was working full time. I told myself that the office politics and infighting and passive-aggressive coworkers who tried to make me look bad so they could gain an advantage over me was all part of a fun game. + +Then a relative died and left my brother and I a fair amount of money. Good money but really not enough to formally retire completely early. But then the office politics and the long commute started to get to me. When I did not HAVE TO work under those conditions, the corporate rat race game didn't seem so stimulating. + +So I got off the horse and moved to an easy part-time job and semi-retired. + +I would love to hear the stories from other people who dropped off the corporate rat race EARLY once they got enough money even though they loved it at one time. +the whole idea is not to sell. + +Sell fractionals? Why? To give shorts more liquidity? Enough. + +Keep buying from cs and moving to book..leave the fractions in the shitty plan folder. 200k apes selling half a share each is 100k shares to sell short..don't be a clown. + +Ctb jumping. Puts expiring. Pressure building. What else are they gonna try? We've come too far for bullshit. + +Buy via CS. Move to book. Leave .xx in plan. Terminate sale. Rinse. Repeat. fuck fud. + + +Edit: when you buy on CS you are fucking Kenny over. He wants you to buy from a brokerage so he can get order flow data, etc. Buying on CS and then moving those shares to book is the way. Anyone who doesn't understand fractional shares hasn't bought on CS and therefore is likely a SHF shill trying to cause fud. Additionally I think we should have someone open a poll or use bot data to count the total number of shares we own across all CS fractionals. Clearly the CTB is jumping up as soon as we start sending everything to book. so this data may be relevant. If we own 100k shares across fractionals, that's several times the shorts that are available as of today. That is significant. Can someone set up a poll? +I’m a high school senior in Canada and I was accepted for software engineering at a mid-size Canadian university. I’d really like to go into algo trading or HFT. Does anyone have any advice regarding grades, side projects, internships, networking, etc? + +EDIT: Thanks for all the replies. Will be taking everything into consideration. +If I just want to test bollinger bands for the bast 20 years with some simple criteria like most 2% gains after a break. + +This doesn't seem to hard to program and I feel like everyone always codes their own platform. +If a man or woman develops a trading strategy and algo that consistently beats the market while maintaining a good sharpe ratio and diversification —- what is it worth? + +I’ve just started algo trading as a hobby. I’m an engineer, but I have a strong interest in economics. I’m trying to grasp the environment, and understand algo traders end goals. +I have a basic script that uses talib to perform technical analysis on various stocks and send an email to myself with the results. It runs on my local machine so for next steps I have been trying to get it automated on AWS Lambda, but I am running into a ton of issues getting talib to play nicely with Lambda. Has anyone run into similar issues or have an alternative to automate this script? +Hi everyone, I'm currently participating in a quantitative trading competition and would love some advice on data and overfitting. We have been given a very limited amount of pricing data (and only pricing data), so I've decided to employ pairs trading based solely on statistics modelling. + +My current methodology for determining the hedge ratio is to use OLS, on the first half of the data, then use this coefficient on sets of the data, checking for stationarity and if the means of the data are within 1%. I test on the final 50 entries, the other half of the data, and the entire set with the criteria above. This has given me around 20 pairs to trade with. Is this a good practice? Or should I simply calculate the ratio on less/more rigorous tests? + +Any advice is greatly wanted as I'm still learning, thanks. +[Chart of the massacre](http://i.imgur.com/Z0K8GSv.png) + +Thanks to /r/personalfinance, /r/frugal, and a lot of non-reddit sites as well that made me feel like I wasn't alone. Nobody talks about debt in my real life, so I felt completely alone, like I was the only person whose mistakes and poor planning had landed them into this sort of bind. + +At times I felt desperate because the amount owed was so immense Sometimes I had a bad month and backslid and almost gave up. At times I was tempted to just min-pay until I died. I kept going, and lived reasonably frugally. If SomeRandomGuyOnInternet can do this shit, so can I! + +In addition to sharing this good news with you guys, I've celebrated in an even more fitting manner: by submitting forms to max out my 401k, and by opening an account with vanguard to invest more on top of that. Time to get compound interest working FOR me, not against me. + +Fuck debt. +The wife and I are in a position that either of us have ever been in before and through my research and conversations I have found a few options that could suit us but I’m curious if you could provide us with any other options or just some general input on what options might best fit this situation. + +We have had our current home in Florida for 4 years. It is the first house either of us have ever owned. We purchased it for 243k and currently owe 124k. In the current market our realtor is confident that she can sell it for 350k and is trying to get us to list for 375k. that would mean if we sell it we would cash out at 250-275k minus closing costs. We have been looking for a new house and have never navigated purchasing of a house while owning another. We have about 20k in reserves, but it wouldn’t be enough to put a 20% down payment on the next house. So far, we have researched contingent offers, which seems like it makes for a very weak offer as a potential buyer. Equity loans on our current house that would be paid off at closing. And a cash-out refinance that would allow us to keep the current home and still put down the appropriate down payment on the new home. + +I’m curious what might be the ideal way to do this. I know that every situation might be different but because this is new territory for both of us we don’t really know all the pros and cons to each option. I will also add that we are not opposed to keeping our current house and renting it out. It appears that if we cash out enough equity for a down payment we can reduce our interest rate and refinance for another 30 years. The new monthly payment would be lower than our current minimum payment, allowing us to rent it out for roughly $700/month more than our mortgage. + +Just looking for input from anyone who has had experience. Thanks in advance. +Binance is earning huge money off our withdrawals, currently ETH withdrawals stand at 0.01 ETH, i.e. 12$ ! Wtf. +Many users posted this on their sub, and they immediately deleted all posts relating to high withdrawals. Poor! + +Edit: The current Network Transaction fee is 0.00006 ( [https://ethgasstation.info/](https://ethgasstation.info/) ) +Binance's markup is 166x of what the actual cost is. +Over in r/personalfinance, there's an [excellent flowchart](https://i.imgur.com/lSoUQr2.png) that gives a very good rule of thumb for how to distribute your personal spending (in the United States). I was thinking (and hoping) that there might be a comparable tool that would give a very *general* rule of thumb for investment considerations based on market factors. I've been doing more reading in this sub, and based on what I've learned, it's been very helpful to better understand what events trigger investor's moves. + +I am hoping to better understand the relationship between Federal Reserve announcements and how that impacts investment moves into and out of certain sectors, market caps, or asset types. Other indicators that I will be monitoring are the 10 Year Breakeven Inflation Rate, Inflation for consumer prices in the U.S., S&P/Case Shiller U.S. National Home Price Index, CPI, PPI, and GDP. Are there any that I am missing? + +My goal is that this thread can serve as a resource to help newer investors better understand the economy and how to better flesh out a strategy. Regarding the partial list of indicators that I've provided, I was hoping to get contributions where people would provide input in a manner along the lines of "When I compare home prices to inflation and unemployment rates, that tells me that I should start looking at \_\_\_\_\_\_\_ and the reason I say that is because \_\_\_\_\_". I think that something like this would promote healthy discussion as well as outline how the various moving parts impact behavior. + +Ultimately, if there was some sort of flowchart similar in nature to the one I listed above, that would be a really quick and useful tool. But a thread that is full of conversation could serve that purpose as well. + +ETA: Since my OP wasn't clear, I was wondering if there was a comparable flowchart (for investing purposes) to the one I provided (that is used for spending purposes) +It's probably going to be a solid industry or at least should be for the next 10-15 years. It's one of the cheapest forms of power now, but on the other hand Trump seems hell bent on pushing coal and oil. I wonder how that will effect the industry. +I was thinking about that and thought it would be interesting to get some opinion of people with better understanding of macroeconomics than I have. +So, many people see it as a given that the overall stock market increases over time in the long run (most assumptions seem to be between 4-7% yearly). + +Would this assumption change if the world population stagnates/decreases in the next 20years ? + +--> Is population growth an underlying assumption if you bet on long term overall stock market growth? + + +Hello Superstonk! + +I hope everyone is well. I am getting ready for what I can only assume is going to be another pretty turbulent day. The S&P 500 gapped down and filled early this morning and is still looking unstable. Crypto markets are rallying back after the dip yesterday. Also we have some new regulation coming that went into effect yesterday in the after-market. I haven't had a chance to look into this yet as I have had a really crazy 24 hours personally. But if any more well informed apes care to handle questions on that I would greatly appreciate it. + +Which brings me to my next point, I had a quite sudden family emergency arise yesterday and have to fly-out today there will be no live-charting or stream on Friday. I am so sorry for the sudden warning but I did not have a chance to plan this myself. + +I will be **hosting a live-chat on the discord channel** this Friday and as always you can DM with questions . I will be aware of the markets Friday just unable to conduct my usual business. I am so sorry for the inconvenience this causes you guys but I should be back bright and early Monday and will attempt to at least push out the Technical DD for next week. + +think this warning remains valid this week so I will reiterate it \* + +*As price action picks up today, I may walk away from the reddit post while managing positions, if this is the case you can find me on the stream and discord for a while longer at the links below.* + +If you want to watch along with the daily livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +Edit 6 1:51 + +Last update for the day. Thank you all for tuning in it looks like we are bouncing on VWAP. I'm looking for a crossover on the lower resistance of that bull flag for a possible test at 180 today. Otherwise same old max pain. Tomorrow could be interesting as there was no good time to roll options this week and that OI is still kind of nuts. See you all Monday. + +\-Gherkinit + +https://preview.redd.it/y5h0dvpucb071.png?width=850&format=png&auto=webp&s=48f1d5b5d090b126da6e950f69546b6bb4a8d6df + +Edit 5 1:20 + +Shot up above vwap but still not crossing that lower band of the bull flag. Watching for the end of this consolidation for a test + +https://preview.redd.it/7nfrkm2c7b071.png?width=903&format=png&auto=webp&s=8b6f8d6259d070993f173c8a82ea3838788aac13 + +Edit 4 12:00 + +Could see new intraday low if the downtrend continues as we have now dropped below 170 support + +https://preview.redd.it/z5bp4pc5ta071.png?width=1141&format=png&auto=webp&s=c33598471b8fc75be5d9632d96d1350c7637e673 + +Edit 3 11:17 + +Bull pennant forming on the 1-min 54% chance for an upside break although i think it is lower because of reduced volume. + +https://preview.redd.it/n95fqc7ela071.png?width=1178&format=png&auto=webp&s=1dd614e989df3b86359e61dcff396d5223917058 + +Edit 2 10:21 + +Broke through the bottom resistance of that bull flag looking to break out of the top by eod. Exactly as predicted... + +https://preview.redd.it/f7gv7gkdba071.png?width=1199&format=png&auto=webp&s=28486c028b4e3c45cba69ffefd56169db4de8870 + +Edit 1 10:00 + +Looks like we are seeing that uptrend I predicted I am looking for a test of 180 at a minimum today ideally 190. Volume 500k shares borrowed 130k + +https://preview.redd.it/3b6cx2fo7a071.png?width=1071&format=png&auto=webp&s=a1be85e7ccbe2f6fda95136866955e218c7978f6 + +# Pre-Market Analysis + +Pre-Edit 1 + +Had a bit of a volatile spike right at the open of the EU markets could be due to regulations coming into effect or just some retail see some positive news articles for a change. + +https://preview.redd.it/pm4i47x4p9071.png?width=1291&format=png&auto=webp&s=1c7438c3c0f00d8432685f65d69c0537ee61f14a + +It also looks like we broke to the downside of that second bull flag, but with the 400k shares borrowed yesterday and the overall market action, I expect that we can return to the upside similar to the fuckery that occurred at the end of the pennant last Wednesday. + +https://preview.redd.it/jom2hinpq9071.png?width=965&format=png&auto=webp&s=7b598a8010390fda5734c5dbf67ab37a38c2d579 + +&#x200B; + +MACD still looking bullish as it continues to diverge + +https://preview.redd.it/u9fmlsbzp9071.png?width=1091&format=png&auto=webp&s=0f408b4c7d3253d3ebd26f4fbd02c3bef97495a5 + +BBKC and TTM still looking bullish not a lot of change here till we see more explosive action + +https://preview.redd.it/m1x3fxxuq9071.png?width=984&format=png&auto=webp&s=b52d963471c95379bce418ec88ceaf7c7e4cea83 + +Even with the pre-market spike it looks like very little arbitrage occurred on CV VWAP + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I’ve heard a few older fellas say that their children are even more expensive now that they’re all grown up and have moved out of home. + +I’m skeptic about it as I know I haven’t cost my mother a cent since I moved out. The opposite actually; I (and my three siblings as well) put $10 into her bank every week for years until she received her inheritance. + +I’m sure the answer is that it depends on your child’s financial circumstances - but what horror stories do y’all have for me? +*Details don't matter but I'm a scientist who's had a portion of his life dedicated to reading scholarly articles about various topics in the pharma industry. These papers range from novel scientific discoveries in a niche field with narrow scope all the way to broad papers that sum up an era of scientific discoveries leading to the broader evolution of a field.* + +I've always thought about these two types of research papers: + +**Original Research VS Review Articles** + +***Original*** requires people with boots on the ground doing cutting edge leg work, while ***Review*** papers don't get their hands dirty as much, but do a lot more investigative work to pool different thoughts to make an accurate depiction of the evolution in a particular domain. + +Both of these types of articles are important in the forward velocity of research because Original research starts the ball rolling while Review research gets the masses to notice, which in turn creates a feedback loop of getting more interest on the topic and this more original research. + +&#x200B; + +In my industry, a lot of papers float around to see what's a hot topic in the world and know where scientist's interest are these days. A very good indicator of this is when review articles start emerging more often about a topic. It shows us two things: + +A) There is enough Original research out there to start putting together a review; + +B) There is enough of an interest out there that someone spent weeks putting together a review. + +\-------------------------------------------------------------------------------------------------------------------------------- + +**On the evolution of GME:** + +Today I was lurking on r/SuperStonk and stumbled upon this post: + +[https://www.reddit.com/r/Superstonk/comments/mwuszf/actually\_useful\_info\_you\_might\_have\_missed\_230421/](https://www.reddit.com/r/Superstonk/comments/mwuszf/actually_useful_info_you_might_have_missed_230421/) + +14k upvotes as of posting. + +&#x200B; + +Posts like these are suuuuuuuuuper important. + +&#x200B; + +For a guy who is fairly busy and doesn't have the time to read all of the details of a given study, I've always appreciated review articles because I can learn more about a body of knowledge from a summary of 20+ articles than to go and actually read these 20 articles. As well it gives you all the sub topics should you wish to dive deeper into a specific interest. I give credit to the scientists who read them all for me and put together a well thought out summary and making a consensus of it all. + +&#x200B; + +Well I'm glad to say that more than ever I'm seeing GME Review Article posts. This shows that the next wave in this story will be more and more Original posts with strong bodies of knowledge emerging. The Hive Mind metric as far as I'm concerned is very strong! + +&#x200B; + +TLDR: redditors are contributing to more review posts - summarizing several DD's of the day which makes a large body of knowledge more digestible to the average ape, making the average ape smarter and more likely to contribute to the cause; creating a feedback loop of getting more and more people to know the truth behind the swath of misinformation in mainstream media. +I'm getting absolutely no help from the banking institution that I thought I could trust and I feel as though I'm running out of options so I'm here, hoping I can get some guidance from someone. + +What happened? + +2 transfers totaling a little over $2000 was transferred from savings account through the Zelle transfer service, something I've never used or heard of, to 2 email accounts with names attached to each one. Likely fake names but still, there were names. I caught it while it was still processing but it didn't matter, the bank couldn't cancel or stop them. So I file a claim through Bank Of America thinking everything was going to be okay. I'm protected, so it'll be okay. Wrong. It's been about 3 weeks and this entire process has been nothing short of a nightmare all because of BOA. 11 days after filing my claim, BOA denied my claim saying that the login into my account before the money transferred was consistent with other logins. They were basically saying I did it. After getting royally irate on the phone with them, I tell them that I'm going to get my money back and they need to tell me what to do to make this happen. They tell me to go and get my phone scanned for viruses by my cell phone carrier. So I have to somehow prove that someone stole my money. Not once did they mention a police report so i asked if it would help. They said that it would. No idea why they wouldn't mention this first before this useless phone scan. So I filed a police report with my local police and requested the case be investigated. Finally someone actually helping me. After a few days I finally got ATT to scan my phone but the device they use can't print or email so I can't fax anything to BOA. I was able to take pictures of the different screens showing the results hoping this would be sufficient. I call BOA and after being transferred several times I finally get someone to tell me other options because ATT can't give me anything written or digitally showing the results. They tell me to go to a third party store that works on and fixes cell phones. After calling 10 different places in my area, I found 1 that said they could scan the phone and hand write the details on their company letterhead with their info. BOA said that would suffice. I mean what else am I supposed to do? I asked why I couldn't use one of the trust third party apps, download the report and send that in. That would give them everything they needed to know. + + + +So I've jumped through their hoops, recorded all my phone calls once I noticed they were playing games with me, filed a police report and gathered all the info I could from Google showing that I didn't access the BOA app on my phone the days the money was transferred and I've faxed this info over to them to try and get the claim looked at again. I'm not hopeful. I've filed a complaint with the Consumer Financial Protection Bureau after it was suggested in a few forums online and I'm in the process of filing a complaint with helpmybank.gov. I'm pretty sure that my email account was hacked and my banking info was then gathered through it somehow because there was a label created in my email to read and delete all Bank Of America emails thus the reason I never caught this when it was happening. So now I've been racking my brain trying to secure anything I have that has a password to ensure this doesn't happen again because they bank isn't protecting me. I'm fairly computer savvy so I keep my home PC virus free and I never open shady emails. But I guess when you have companies being breached and tens of millions of people's info is now out there, it makes it a little harder to protect yourself. + + + +If they deny my claim again, what can I do? I didn't do this. My money was stolen from me yet the bank is treating me like I did it and they haven't helped me one bit. Calling them is a nightmare. I asked about a specific part of their privacy policy the other day and I was transferred 5 times over an hour and a half and STILL couldn't get it explained. I've never used the Zelle service and I've never transferred large amounts like this yet the bank didn't catch it. It blows my mind and I thought I was protected. My mind has been so scattered since this happened that it's hard to focus on my day to day life because I'm constantly thinking about this and other fraud incidents potentially happening. What can I do? I need help. Can I take this small claims court? Should I hire a lawyer? + + + +Thank you for taking the time to read this. +My company is suffering serious attrition. + +To counter this, it has invented a cunning plan. It has started doing: + +'Your annual bonus awarded will be paid in 364 days time guaranteed, if you don't leave'. + +So I'm guaranteed a large bonus if I hang around and know the exact ££. The day after I get it, I get guaranteed another large bonus, payable in 364 days time! They sign formal paperwork saying it will be paid and give it to me! + +The theory is there's no more 'Will my bonus be big? Will I even get one? God knows -- may as well leave'. + +I understand why the company is doing it - and they introduced it during Corona year when we'd already been told and agreed there would be no bonus payable that year anyway because Corona totally knackered us, so us getting £0 on the DAY of the first year, but getting it guaranteed in 364 days - was actually better than we were expecting which was just getting £0 end of. + + +I guess I'm asking .. should I be upset? +Hey i noticed the rise in options trading and noticed how us from Europe are kinda left out since our acess to US options and more are limited +I created this subreddit: r/EuropeanOptions +In an attempt to create a community of Eu traders to share their thoughts and questions on European options trading so they won't have to go looking at subreddits mostly focused on American citizens which may confuse them or not provide the answers they need +Hope you will join and we can make this community happen +Hi all. I’m going through a divorce. Going from two income with benefits (my soon to be ex husband is in the army) to one income with no insurance. I’m having a really hard time coping with the fear of homelessness again. I want desperately to go back to college but with my current income I won’t be able to afford tuition for about ten more years and that would completely wipe out my savings. It seems like there’s no amount that I could possibly have in savings that would be enough to cover a medical emergency or something. I’m never more than a small mistake from complete failure. + +Does anyone have any advice on dealing with the anxiety? + +Edit: Thanks everyone for giving me so much advice (besides that one guy who posted me on MGTOW). I was hoping someone would be willing to help me figure out what my next move is and sit down with my finances and go over all my options. I’m still in shock with everything that’s going on. +Morning everybody, 26 year old in full-time employment (Estate Agent) earning around £18k a year. I'm wondering if anybody could help me, advise me on what to do next. I'm really struggling and I honestly don't know what to do at this point. + +I am currently looking into taking some sort of large loan/consolidation loan (not even sure I'd be approved, my credit rating is horrible) but I'm not sure if I'm just panicking or this is actually the only answer? + +I currently am £2000 into my £2000 overdraft, plus an additional £52 over my arranged borrowing limit, so my balance sits at £-2052. + +I have a "forward card" through Barclays which has a £250 limit, which I am at £246 of, so have £4 on. + +I have an outstanding Sainsbury's loan which I took out for £3000, I've paid off £450 of this so still owe them £2500 roughly. + +I also have a PayPal Credit limit of £2500, which I have £100 available. + +I only have £520 left to pay off on my vehicle, 1 regular payment and the final balloon payment. + +I also owe various friends £100 here and there as well. + +My main issue is the fact I get paid every last Friday of the month, and I am already over my arranged borrowing limit and therefore cannot spend anything, so unless I use PayPal Credit to order my groceries, I cannot eat, and also cannot fill up my car to get to work either. + +I got myself into this mess by irresponsible and reckless spending throughout my younger years and it has caught up with me, and I'm completely embarrassed but at this point I honestly do not know the answer, the only loans I can find at £37% APR and I only have a 50% acceptance rate anyway. + +The only silver lining is I live at home with parents and pay £205 rent a month. + +Has anybody got ANY advice whatsoever? Is getting a £10k loan at 37% APR a better idea? I am constantly being harassed by various creditors and I don't see any other option. Close to tears as I write this. + +Thanks everybody. +Suppose you have a very good life and are able to accumulate a good amount of money, enough to pay for the living expenses and education of a few generations. Obviously, you're but a mere mortal so you can't predict what your successors will do to your money after you are gone. + +So how do you ensure that your money is not burned through after your death? + +Trusts seem to be an option but even there it all boils down to having the right trustees, which again you cannot guarantee. +Over the past month, I tried to use UPI to pay some folks. Here are two (anecdotal) points. + +Our vegetable vendor is somewhat savvy. He already has a current account, and after demonetisation, got a mobile swipe machine and started accepting PayTM payments. He was willing to take the hit of charges that these services levy on him. I asked him if he would accept payments directly to his bank account. He immediately gave me his IFSC+account number. I added it to my UPI app as well as to the saved beneficiary list in \*99#. Over the past month, I paid him solely using these. He then verified payments with his monthly statement and confirmed that he got all my payments in full. He just made a request that I lump two or three payments together so that he has fewer transactions to reconcile. + +A tailor I use is in the waitlist for a swipe machine. He was also happy to share his current account details. In his case, every UPI payment resulted in an instant deposit SMS from his bank. So that also worked well. + +My experience is that, for those who are willing to use BHIM/other UPI apps or \*99#, if your vendor has a bank account and is ok receiving payments in there, you could give this a try. I've written about this [here](https://www.reddit.com/r/IndiaInvestments/comments/5l1srn/upi_and_99_combined_new_interface/). +[http://rakesh-jhunjhunwala.in/my-strategy-of-betting-big-on-chor-companies-has-backfired-porinju-veliyath/](http://rakesh-jhunjhunwala.in/my-strategy-of-betting-big-on-chor-companies-has-backfired-porinju-veliyath/) +I applied for Mutual Funds through my broker (let's say HDFC securities) which has all Aadhar information of mine. + +I just got an email from one mutual fund house asking me to update Aadhar information of mine. Am I supposed to give them the information separately? +What is going on with India's solar power industry? Seems elusive at best. + +Indosolar dropped 11.11% on Friday even with the corporate tax cut. They are the largest PV manufacturer in India but have lost 81% year to date. I understand markets have been correcting all year but the drop in stock price indicates inherent problems. Other players in the industry such as Websol are not fairing any better. + +This is contrary to information and news online: + +\- *Total renewable power investments topped those in fossil fuel-based power for the third year in a row. -*[WEForum](https://www.weforum.org/agenda/2019/05/india-is-investing-more-money-in-solar-power-than-coal-for-first-time) + +\- *India achieved solar power target 4 years ahead of schedule -*[ET](https://economictimes.indiatimes.com/small-biz/productline/power-generation/india-achieved-solar-power-target-4-years-ahead-of-schedule-dst-advisor/articleshow/71078461.cms) + +[India Ratings and Research](https://www.thehindubusinessline.com/economy/india-ratings-assigns-stable-to-negative-outlook-for-power-sector/article29439175.ece) maintained it's ratings for thermal power as 'stable-to-negative' while renewable power, solar and wind, earned a stable outlook for the remaining FY20. Solar was downgraded from 'positive' to 'stable': + +*"Revision in rating outlook (for solar) stems from resurfacing renegotiation fears and continued delay in payments from some of the off-takers."* + +The ratings agency currently sees more potential in renewable than in nonrenewable energy yet PV manufacturers are struggling. Who is making money? +Hey guys. I started trading forex a month ago and have found myself getting extremely interested in everything about it. + +I've started looking into economics to help me predict further where a certain market or currency will go. + +Can anyone recommend a certain book or area of economics I should focus on that will help me with financial /currency trading? +been trading for 3 years, profitable trader. + +i somehow close my trades early, rob myself of profit that has been worked out in advance. + +sometimes i get pinned out of trades before it goes my way ( it happens, risk is correct so doesn't bother me too much.) + +i can flip accounts, but doing that many times i know its not sustainable. + +i don't understand why i cant just stick to my trading plan i would be much more profitable then i am now. + +the trades i force myself to leave open or go breakeven come back at me, the ones i close go to target + +why the F am i failing at the last hurdle and have been for the last 6 months. + +Forex has been a slow process, learning and making money and now i feel like im getting really good and genuinely getting to the stage i can transition to a full time trader, but i cant justify doing that if i cant stick to my plan. + +&#x200B; + +even when you do get really good at price action and intraday trading TA, almost everything still depends on your ability to hold the trades. have no emotion when trading and stick to your plan. + +maybe im just an emotional person which is making this whole thing alot harder for me to overcome. +Basically, I have a strategy that works very well for me. The problem is, it only works on one pair being eurusd ONLY. I've tried backtesting it on other pairs and I simply could not find any trade that works. + +In the long run, I could see myself profiting alot from this strategy BUT at the same time, I'm afraid that my strategy might just stop working one day seeing that it only works on one pair currently. + +What are you guys opinions on this? Does a strategy just stop working suddenly? FYI, I trade purely price action using smart money concepts. + +Edit: Rephrased as there were lots of unnecessary comments. +I know most people wouldn't believe me and hate, try tosay its impossible and say I would become a billionaire at this rate etc, but there is just not enough liquidity, yes I can make a lot of money but up to a point when liquidity is limited and slippage would occur. + +I risked around 3% per trade, average reward would be 4-5 times my losses and won around 70% of my trades, very rarely had a losing week. + +I just want every single one of you grinding to know that it is possible, the starting is very slow, I recomend using a higher balance as starting out, 5 figures would be nice. But it's doable. + +WORK ON YOUR PSYCHOLOGY!! If not no matter how much work you put into your strategy, you can't pull it off. I've spent around 1.5 studying, at least 8 hours a day, for that amount of time, before I became profitable, read every single psychology book I could find, tested every strategy one by one, it felt like shit some days, but I had a dream and it was to get rich, I'm not rich yet, but am confident I can retire in a few years. + +And no, I do not risk more than 3% on a single trade so don't say I'm risking too much etc. + +What I did is definitely not an incredible feat, a ton of people have done it but very rarely you get them to talk about it, or they couldn't be bothered to post in random forums, they would get shoot down anyway right? But here and there, there are a few. +So, I have a strategy that is successful in backtesting. But I keep losing trades in forward-testing. + +It’s like when I decide to enter, more often than not it fails. And when I ALMOST decided to enter a trade but then chose to not do so, that supposed trade almost always succeeds! + +Any advice for this particular situation? +Basically, I have a strategy that works very well for me. The problem is, it only works on one pair being eurusd ONLY. I've tried backtesting it on other pairs and I simply could not find any trade that works. + +In the long run, I could see myself profiting alot from this strategy BUT at the same time, I'm afraid that my strategy might just stop working one day seeing that it only works on one pair currently. + +What are you guys opinions on this? Does a strategy just stop working suddenly? FYI, I trade purely price action using smart money concepts. + +Edit: Rephrased as there were lots of unnecessary comments. +Hello guys, + + +I am from a third world country where the mininum wage is around 300 dollars a month, rent usually takes about 60% of that income (not including services or food costs which are not quite cheap either). I managed to graduate from a good university in hopes of having a better chance for monthly income but it turns out I can only make 400 dollars a month for now and my expenses are approximately around 350 dollars (rent, groceries, internet, water, electricty, insurance and gas). I have been trying to cut my expenses but it is low as I can get them. Most people in this country work just to live and that is kinda depressing. + +I've been trying to save to start on forex while I am practicing on a demo account but I have heard it is hard to become profitable with low funds. Is this true? Do I have no hopes on becoming profitable in Forex? + + +tl:dr; difficult economical situation to grow in, low monthly income. Asking if I have a chance with forex with low funds. + +Another relative question: why having the same knowledge 2-3% traders make millions and other traders make only loss? + +George Soros made 1 billion a day using probability, +John Bollinger made billions using only bollinger band +Mark Minervini made billions, +Robert Prechter made billions using wave theory, +Alan Andrew made billions using pitchfork method, +Dan Zanger made world record using price action... +Steve Nilson used only Candlesticks to make millions... +And so on.. +BUT even after knowing all of the above method in detail there is very less person who can make it like them,, these loosers are only to make complain about the systems. + +Let me give a true piece of advice,, +just go with one thing/strategy/method, make a thousand trades and screenshot it (must be same reason for every trade) then record the trade result in a spreadsheet. +Who wanna be truly successful do it and then you will discover something. + +All the secrets lie within the trading psychology, Anyone can become profitable with any strategy and make millions, just by developing a strong trading psychology. + +By having a strong trading psychology anyone can make money with any strategy, Even with a strategy of 55% win ratio which can be easily achieved by even a trendline. +*A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.* + +Why is that? high CPI means higher inflation which means the USD is worth less than before. weaker economy for the us as well so why a higher CPI is bullish in Trading? it shouldn't be the other way around? +Let's take a look at simulated trading results with a Monte Carlo analysis(from ForexSignals). This trader has a win rate of 50%, RR of 1.5, will risk 1%, has starting capital of $10,000, and trades three times a week(breakeven trades are 5%). This Monte Carlo simulation is over 48 months. What do his monthly results and equity curve look like? + +&#x200B; + +As you can see hitting 10% is not a frequent event for this profitable trader, and probably far less frequent for newer traders undertaking a funding challenge. If firms actually want profitable traders why place an artificially short time limit and high target for new traders in the first place making them increase risk in the amount staked and trade selection? It does look like failure by design is a large part of the business model for funding firms. + +&#x200B; + +&#x200B; + +https://preview.redd.it/di5ttwc6xf291.png?width=1567&format=png&auto=webp&s=5c1e63fd5a5ff2637c6f38e63266baaa92932af5 +DO NOT walk around with your 6 or 7 figures wallet on your phone. For the love of God buy a hardware wallet, or other form of cold storage. + +Reason for the 2 burner wallets: +If anyone out in the world knows or even thinks you may have Bitcoin or crypto on your person, they'll know what it's potentially worth. They hold you up, they know what they're doing, and demand passphrases. You give them one that is an obvious burner, with low amounts. They get wise and ask for your whole balance. Enter fake wallet number 2. You get off easy. Hell, make a 3rd one. But 2 should suffice. + +*edit: grammar +Quit your job and earn a living trading options (and/or derivatives in general). This is in response to another post that amounted to: the last two weeks being a good reminder that one couldn't quit their job and earn a living trading derivatives. First off, this tells me this person hasn't expanded their mind enough to understand what kind of markets derivatives can be employed in (aka, ALL markets based on the strategies deployed). I also assume this person has a largely bullish repertoire and isn't used to two sided markets (expecting them to be trading for less than 5 years total). + +None of that is to short change the author of the post - but to highlight the lack of overall understanding and experience. Work has been optional for me for the last three years now, that includes during the COVID meltdown. To suggest that someone can't make a living off trading places an unnecessary cap on what's possible or not. In their paradigm it may not be, but it's worth expanding that paradigm. + + I'm not saying it's easy to make a living off trading and we know the majority of active traders are not successful - that's why I highlight the importance of being an outlier. It takes effort and planning to develop the skillset and capital for it to be possible - but it is entirely possible. I didn't come from money in any sense. I had a single mom that struggled to support my brother and I. As a kid I was taught to screen for the debt collector phone calls so she didn't have to talk with them. Five years ago, I paid her house and car off because of the proceeds from trading. I'm by all accounts average. I implore you, do NOT listen to those who tell you that you can't - find out for yourself. +I just sold something on ebay for around 500$. Buyer paid with PayPal. He had an foreign account on PayPal, so i had to pay 3,9% fees, which i didnt know. With the 0,25€ extra on top, its almost 20€. + +--- + +This is in my opinion ridiculous. Almost 20€ just for the transaction. With blockchain i would have paid a penny for the transaction, no matter how high the amount is. And all of this with no middlemen. + +--- + +And thats why blockchain will succeed in the next years. People and companies will adapt and everyone will see what an advancement all of this is. Whether its ethereum, bitcoin or something else. I want all of them to succeed. Just for the sake of humanity. + +--- + +Of course, just one of many reasons. But a big one for me. +I just sold something on ebay for around 500$. Buyer paid with PayPal. He had an foreign account on PayPal, so i had to pay 3,9% fees, which i didnt know. With the 0,25€ extra on top, its almost 20€. + +--- + +This is in my opinion ridiculous. Almost 20€ just for the transaction. With blockchain i would have paid a penny for the transaction, no matter how high the amount is. And all of this with no middlemen. + +--- + +And thats why blockchain will succeed in the next years. People and companies will adapt and everyone will see what an advancement all of this is. Whether its ethereum, bitcoin or something else. I want all of them to succeed. Just for the sake of humanity. + +--- + +Of course, just one of many reasons. But a big one for me. +I have been looking to those in the past few days. Guys, any thoughts about those projects? Should I invest in all of them? ("Never put your eggs in one basket, ha?!") +I work for a small charity where I am the only salaried employee. When I joined my manager tried to dissuade me from staying auto-enrolled in the pension scheme as the charity would have to make contributions and therfore lose some money. I confirmed I planned to stay enrolled anyway and told him I was uncomfortable with him trying to influence my decision like this. + +I am on a fixed term 6 month contract which is now coming to an end, and I've just been told by my manager that the accountant messed up and never calculated my pension contribution when doing payroll. He says they have to backdate the pension contributions which means I would have to take a £450 salary deduction from my final paycheck in order to stay enrolled and contribute to the scheme. I feel like the accountant 'forgetting' isn't really accidental because of my managers reluctance to enrol me in the first place. He also withheld my payslips for 3 consecutive months because of issues with his accountant, so I wasn't able to check what deductions were (or were not) being made. + +I think my manager believes I will choose to opt out of the pension because the backdated amount would leave me with so little take-home pay that I would struggle to cover basic expenses. He also knows I dont have a new job lined up yet, so again this feels like I'm being pressured to opt out. + +My question is, what options do I have here? I'm going to enrol anyway and deal with the financial hardship, but can I request to pay back the backdated amount in installments? And what about the interest that would have accrued had he enrolled me correctly? Something feels off and I don't want to just go along with what he says if there's a better way.... + +Thanks for reading, I hope someone more savvy than me can offer advice! + +Edit as requested by some: I am being paid £30k/annum on a 6 month contract, so £15k before tax. Thanks so much for everyone's feedback so far, I really appreciate it! +https://imgur.com/a/RDa86Np + +Started in November with $4,500 that I cash advanced from my credit card and saved by paying my rent with that card for 2 months. I initially bought 75% shares and 25% calls and just pressed buttons on my phone a few times here and then for the next couple months. I didn't want to post this until GME wounds started healing for others. I did, however, go down with the ship in my Fidelity where I lost about 25k on shares. Nothing I did was smart, I got lucky. DON'T FUCKING GAMBLE WITH MONEY YOU CAN'T AFFORD TO LOSE. THERE WAS 1 SPOT IN 10 MILLION WHERE THAT SHIT ACTUALLY WORKS AND I ALREADY TOOK IT. Please don't test your luck because you will lose your shirt and your wife will go stay with her boyfriend permanently. Otherwise, keep those Wendy's Tendies flowing you fucking retards. + +Edit 1: Getting a lot of PM's asking for money. Bitch, I'd love to help everybody and will be making sizeable donation to charities and bringing video games to kids for Christmas. However, I don't just have cash everywhere. I actually adjusted my quality of life DOWNWARDS. Also, if you wanna PM me to ask where to learn about options, you better have some experience in business, logistics, trucking or brokering freight, so you can return the favor. I need help with something so tit for tat. + +Edit 2: Got a lot of people messaging me asking about what shall not be named i.e. rule 4. If you are interested in that, you can go through my post history. + +Edit 3: Can't I get a flair or something for being an absolute retard? + +Edit 4: Yes people, this was my FIRST play in the stock market, I'm not a guru that could do this again. The first's one's always free or at least it was in my case! I am lucky, not skilled. + +Edit 5: The week of the gamma squeeze, I was up to 90k. I pulled out 46k which was more than 10 times my initial investment. Had I not done that, I would not have had the balls to make this play. My best advice, **SET YOURSELF UP FOR AN OPPORTUNITY THAT YOU CAN PLAY RISKY LIKE THIS AND IF IT DOESN'T WORK, YOU ARE STILL BETTER OFF THEN YOU WERE WHEN YOU FIRST STARTED!!!** + +Edit 6: Volatility. How did I not wanna die with such large fluctuations? Well sometimes I did, that's what the liquor was for. Otherwise, as you can probably tell, I was born in the bytecorn space but way out of even the top 25 or 100 corns. I'm talking microcap that would put even the worst copperstonks to shame. This volatility pales in comparison and I became comfortable there, sometimes even happy. Learn to hold onto your pants trading the most volatile asset known to man, and options will be a walk in the park. Also, I learned a ton about greed and chasing gains in the pop of 2017. Lessons to be learned can be found everywhere, it's up to you to determine how much you wanna pay to learn those lessons. +Price predictions for OMI? + +Recent Publicity - BITBOY AMA - Logan Paul on clubhouse chat - Partners with GM motors. Lots more to come + +Thoughts.. + +If they licence Pokimon - Omi will go Parabolic. + +Speculation on other Licences? WWE possibly? + +Would love to hear your thoughts! +Anti-Chinese memes are fun and all, but I wanted to give you guys a clearer picture about what's happening in China right now. + +China has a history of trying to legislate around free-market economies in a way that doesn't impede the market but still works for them. When Hong Kong was ceded back to China in ~~1999~~ 1997, [China made Hong Kong a separate economic zone](https://www.ft.com/content/eb0e795a-3d17-11e6-9f2c-36b487ebd80a), thus allaying fears that China would kill one of the world's most important market economies. + +This is exactly what's happening in China right now. the PRC is trying to make Bitcoin work within the Chinese economy. They are NOT trying to kill a thriving economic market. + +Exhibit A: [China isn't shutting down exchanges, they're forcing them to get licensed.](https://news.bitcoin.com/chinese-bitcoin-exchanges-may-face-stricter-regulation-and-licensure) That means all exchanges will have to conform to stricter guidelines about accounting and tracking, which might not please the crypto-anarchists but does mean a lesser likelihood of a Chinese Mt Gox event. What we're seeing right now is a transition from non-regulated to regulated. + +Exhibit B: [Rumor has it the PBoC wants to introduce a "digital yuan" that will serve as a CNY tether.](http://www.zerohedge.com/news/2017-07-03/pboc-hires-blockchain-engineers-who-will-oversee-creation-digital-rmb) This means the PBoC can control the entry and exit of CNY on the Chinese exchanges. This is critical to making crypto work for China, since taking CNY out of China is illegal. + +In other words, once the dust settles on China, the Chinese Government will know how its own currency flows through the market, and it will know it's doing this through regulated exchanges that Chinese criminals cannot use to launder money. + +This is a far cry from China simply trying to outlaw Bitcoin. This is China, realizing the potential of cryptocurrency, deciding to see if they can make it work on their own market. + +**tl;dr: Ignore the China FUD. China is actively trying to make crypto work for them, not destroy it.** + +Edit: Fixed the date of Hong Kong being ceded back to China. +Hey guys, out of curiosity, what's the price range houses are selling for 45 minutes to an hour from Sydney CBD? Born and raised in Brisbane and seeing all these people from Victoria and NSW coming up paying 200k more than asking prices is pretty disturbing.... +Key is holding long term. Nice to see so many new people investing (like me). Read this article, invest wisely in good companies, do your DD, or pick a good ETF and hold. + +[Bob only invested at the market peaks](https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/) +Simply put, a financial coach whose advice has proved very helpful to me says enrolling in a Health Savings Account (HSA) is a wise thing to do, though I don't really know how to go about deciding if it's right for me. The bullet points below are ones I think important to keep in mind when deciding to stay with my current plan or switch to the savings with the HSA option. I know I'm failing to consider stuff, so what is it? + +* I'm single, healthy, and don't need to visit the doctor often. We are talking one GYN visit per year, one preventative vist that includes comprehensive blood work, and say one visit for a long lasting cold that needs antibiotics. +* My current premium is approximately $49 whereas the savings one could be somewhere around $10. +* My current deductible is up to $490 whereas the savings one is up to $3,600. I did meet my deductible this year. +* Granted it's just in cash in a folder at home, I feel like I already do some of what an HSA is about by saving ahead for medical expenses. +I'll preface this by saying this is 100% my fault for not checking my bill and meter readings every month, a very expensive lesson I've now learned. + +Background is that we've lived in the same property for a number of years and our Gas/Electricity bills have been basically flat. I auto switch every year via money saving expert, pay by direct debit and that's that. + +However in the last 18 months 2 things have happened, we've started a family and both been at home full time during the pandemic. Now in the back of my mind I thought this would impact my bills but in the new parent tiredness haze forgot to pay much attention to it. + +Turns out the impact has been much greater than I thought and when the auto switch happened last month and I submitted our final meeting reading, we owed circa £1k!! Having now done some investigation this is 90% driven by the fact that our Gas usage has more than doubled whilst our direct debit remained flat. Causes of this are: + +1) Having to heat the house during the day whilst we are both working at home and + +2) Wanting to keep the house at a flat 20 degrees all night every night (after a midwife told my partner this was optimal for reducing the chance of cot death) EDIT important to note this is not official NHS advice. + +Overall impact is the heating has gone from being on twice a day for 90 minutes to on a lot day and night especially during winter. + +In summary don't underestimate the impact being at home all the time may have and don't be an idiot like me and fail to check your bills every month "as it's always been this way"! +[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/) +EDIT- this run up has seen Deep otm puts being bought. I geniuely couldn't have timed this DD better. Shame irs not getting more traction haha I need to get better at writing catchy titles. + + Good morning Motos, + +Continuing on my roll of DD posting while I have a week off, here is the the update to my "married puts DD" which I did way back just before the large block of deep out the money puts expired worthless back in July 16th (for reference this represented 40.4 million shares of GME). + +You can find the [OG DD here](https://www.reddit.com/r/ApesMonkeyAround/comments/oetks2/a_look_amc_and_gmes_deep_otm_out_the_money_puts/) but it's not a required pre-read or anything, as I'll go over all the concepts again in this DD. + +**Disclaimer-** This isn't any form of advice, it's just what I've found from my digging and my current understanding. Which is always evolving and adapting as I learn new information. Also this DD will require some basic understanding of the options market and how the mechanic's of naked shorting & Fail to delivers work. I have DD on these as well, but I don't want to feel like a walking ad for myself, so ask in the comments or via DM if you want these guides. + +**TL; DR?** + +Simply put by analysing the existing option chain we can see that there is a minimum of \* shares of short interest being hidden in GME. + +And more importantly we have another clear piece of evidence that manipulation and fraud of the stocks are still occurring. + +**What this DD is, and what it isn't.** + +First and foremost, this DD is not a way to calculate the total number of synthetic shares in existence. + +For GME, to my knowledge, there has never been any official numbers on how many individual investors there are of GME, and also there has not been any sample data released that has a verified shares to shareholder ratio anywhere. Meaning that its difficult to try and calculate any meaningful statistical analyst on this subject. + +This DD, and by extension the OG DD can be used to show a **BARE MINIMUM** number of shares that have been hidden, as I'll explain later in detail but once the put expires the owed shares don't disappear. + +This DD also shows in detail, one of the three main ways short interest can be hidden, to my knowledge. There is likely a lot more ways it can be hidden. + +The main purpose is to show that fraud in the stock still exists and continues to this day. It's all well and good saying it is obvious and pointing generally at them but this is a hard facts, evidence and data led approach to conclusively saying that beyond a shadow of a doubt. + +**What is a traditional married put?** + +A married put traditionally is a strategy used where the holder of a long position (Someone that either has stock or options where they want the price of the stock to go up) buys a number of at the money put contracts equal to their long position. + +This way if the stock goes up more than relative to the premium then they earn money, likewise if the stock goes down below the cost of their premium then they will either break even or earn some money depending on the type long position they hold and how much value is lost. + +Let's show this with an example. + +You own 100 shares of stock ABC and it is currently trading at $150. To hedge you buy one Put contract with a strike of $150 for Jan 2022 costing you roughly $1,000 (remember one option contract equals 100 shares). + +* If between now and Jan the price of your stock rises above $160 you are earning profit as you've covered the cost of your premium ($10 x 100 shares is $1,000). +* If between now and Jan the price of your stock goes down below $140 then you'll earn money off of the value falling, the lower it dips the more you earn. + +It's not a perfect hedge as if the price ends between $140 and $160 you'll be out money. But the point is that you'll have protected your investment from downturns in price from what it is currently at. + +**What is a divorced put?** + +Firstly it's a term I coined after arguing with someone over the semantics of a name. I kept saying married puts and then explaining the variation but I kept getting told "That's not a married put" as such since the variation is that different I'm calling them divorced puts. + +In a divorced put you need two parties. You need your OG shorter, who has short sold shares in a company that they need to cover but don't want to buy legit shares to do so with. Secondly you need a market maker (who is also very likely short on the same stock) who is willing to bend the rules a little and help out the OG shorter. + +The OG shorter buys either deep in the money, or deep out the money put contracts, equal to their short position, from the market maker for a date far in the future. + +>Technically It doesn't need to be deep itm or otm puts but by choosing deep itm or otm puts they can be pretty confident they are buying and selling to each other due to the relatively low open interest. Likewise it doesn't need to be dated far in the future but the further in the future the Put contract is the less open interest it will have and the longer the OG shorter and market maker have to try and get the price of the stock in question down. + +The market maker then naked shorts and sells the OG shorter shares equal to their short position. + +>Again, you can't decide who you buy and sell to on the open market. However using a combination of naked shorting during low volume times and dark pool abuse you can be pretty confident of who the shares are going to if you coordinate. + +The OG shorter now has a short position, the equal amount of shares and put contracts worth the same amount of shares. The OG shorter then uses the shares given to close their short position just leaving them with the put contracts. + +The Market Maker also lets these naked shorts become fail to delivers. + +With this the short interest has been hidden and transferred into fail to delivers. + +**Who's left holding the bag?** + +So the question remains, who is left with the responsibility of covering the shares. Because eventually whether it be covering shares sold short or fail to delivers, someone has to pay them back at the end. + +And, that comes down to whether the contracts were deep in the money or deep out the money. + +If, like we are seeing this now, deep out the money contracts are being used then the expectation is for the OG shorter to exercise those contracts, they earn next to nothing off of doing so and because they don't have the shares in their possession to sell they become fail to delivers and the market maker gets given the needed shares to close it's fail to delivers. + +Conversely, if it's deep in the money contracts that are being used it is expected the OG shorter won't exercise the contracts (citing the fact that it doesn't cover the cost of the premium) and the market maker will keep the fail to delivers to deal with themselves. They did get paid a hefty price for those deep in the money contracts after all. + +As an alternative, instead of exercising deep out the money puts the OG shorter could also give the market maker a flat payment for something. It's not like Citadel have just stated they are redeeming $500 million from Melvin Capital or anything lately. + +**Example of divorced puts.** + +I've always found shit easier when I can walk through an example. So I'll do that for you now, if you understood the above and aren't interest in an example just skip to the next bit. + +So OG Shorter has short sold 100,000 shares of company XYZ when it was valued at $100 a share. The price of XYZ has risen to $250 a share and is at a level where if the OG shorter was to cover they would be at a severe financial loss. As such they call in their Market Maker friend. + +The marker sells the OG shorter 1,000 put contracts at $5 strike, dated Jan 2022. The market maker also naked shorts 100,000 shares and sells them to OG Shorter. They then let their naked shorts become 100,000 fail to delivers. + +The OG shorter uses the 100,000 shares they were sold to cover and close their short position. They now only have 1,000 put contracts. + +From now and until Jan 2022, the market maker stays in a battle to continually reset the fail to delivers. Abusing the T+2 time line to ensure that the true figure of fail to delivers is never revealed. + +Come Jan 2022, and the puts are about to expire. Either they are exercised or they are not. If they are exercised they can become fail to delivers or are re-shorted on the OG shorters end, or if the puts aren't exercised the market maker keeps them and just tries to deal with the fail to delivers. + +**Why it can't be used to calculate synthetics.** + +As you see from the above when the puts expire, the fail to deliver aspect doesn't disappear and that share is still owed. + +So the 40.4 million GME shares that were represented in the July 16th divorced puts are still needing to be dealt with and covered. + +**What are my parameters for looking for puts I deem to be eligible?** + +In the OG DD I set parameters to see if I could consider a put eligible to be consider or not. + +Originally open interest had to be above a certain level for the week and the strike had to be below a certain price to be considered in my calculations. I'm still sticking with the puts being below a certain price however I'm no longer sticking to weeks with big open interest only. + +The reason for this is simple. I've spent the past 10 or so weeks doing a recap/look ahead posts for both GME and the movie stock. And even in low open interest weeks I've seen evidence of strikes hiding shares of short interest. It means a lot more work went into this quarter's breakdown but it was worth it to feel more confident in my assertions. + +As for price, last time I decided 2/3rds of the current price was fair to look at. As this would be far enough away from the money to be a traditional hedge. I still feel that this is a fair assumption, so with this in mind my strike will be $105 and below for GME. + +Last time I also did it as a solid block, this time I'm also expanding my shares into ranges. This is because I feel more confident that lower ranges will be indicative of the divorced puts than higher ranges. The ranges will be spilt up evenly into three brackets. + +GME will have $0 to $35, $36 to $70, and $71 to $105. + +As for Puts Deep in the money, this is a harder one to look at. As a lot of these could have been bought at all time highs as a hedge. As such I will only consider Puts above $450 for GME which is roughly 3x the current price. + + **A breakdown of the numbers.** + +https://preview.redd.it/7847egtwgbj71.png?width=450&format=png&auto=webp&s=045d94a98d510faaca5a427d34eaad31771db816 + + So I've followed the above parameters and did a break down. Like I stated earlier, this time I was also interested in the ranges as well. + +In short we can see a total of 426k Put contracts, representing 42.6 Million shares are being hidden in GME's option chain. + +Just over two thirds, 37.3 million of those shares are being hidden in put contracts with a strike of under $35. + +Like I stated earlier, the OG Shorter and Market Maker are using deep out the money puts opposed to deep in the money puts. + +When today's total is added to the 40.6 million shares worth of puts that expired worthless on July 16th we can see at a bare minimum of 83.2 million shares from the real short interest are being hidden as Fail to Delivers. + +When added to today's short interest of 7.7 million shares it gives us a new MINIMUM real short interest of 90.9 million shares or 143% of the float. + +**Note of caution and** **hopium.** + +First my note of caution. Not all of these Puts will be for hiding short interest. Some may be for people legitimately buying Puts for shares they own as a hedge or as a bear bet. The further out the money or deep in the money they are the less likely this is. That's why I picked the strikes I did, if there is another update on this you'll see the strike considered is constantly in flux but I try to choose a strike that will account for 95% of the puts being bought as part of this tactic rather than just a hedge. + +A note of hopium. This isn't the only way to hide short interest. There is also something called a Synthetic Long Put. This uses atm (at the money) Calls and Puts to hide your short position. This is harder to calculate what the hidden short interest is as you have to know what the price was when the position was opened (not what it currently is at). These Calls and Puts will also get lost amongst legitimate Calls and Puts which will generally be higher in open interest. So, there will more short interest hidden else where. + +**Parting words.** + +I have a[ twitter,](https://twitter.com/BOBoonRoss) and [a YouTube.](https://www.youtube.com/c/BOBoonRoss) I post everything to YouTube, and I also chat away on twitter and give smaller updates on things that don't merit a reddit post or YouTube vid. + +I also post everything on reddit, so consider giving me a follow on reddit if you don't follow YouTube or Twitter. + +Hope this helps folk and I hope everyone has a great day! + +Peace out! +**TA;CR: The digital banana stand will bring tendies back to Gamestop** + +Part I of Gamestop’s $400 Billion NFTransformation covered Gamestop’s past and the unexpected turnaround. This part will cover its trajectory to profitability using the marketplace and the strategic partnerships with Immutable and Loopring. + +[Link to Part I](https://www.reddit.com/r/Superstonk/comments/x0ptbv/gamestops_400_billion_nftransformation/) + +**Part IV: The Transformation in Action** + +Bear Thesis: Gamestop is hated by customers, developers, and employees alike. Everyone wants to see this ship burn and sink. + +Bull Thesis: Gamestop is buoyed by the January 2021 sneeze and seen as a revived, customer centric brand. + +The Gamestop NFT marketplace seeks to build value between developers and customers. Instead of the old predatory arbitrage model that favored Gamestop, the new marketplace fees provide liquidity to customers, a more fluid audience to game developers, and a share of recurring income from the resale of in-game digital assets. To see the benefits of the marketplace and wallet, consider the value proposition to the following parties covered in the bear thesis: + +Customers: Currently purchase a digital game with no resale value, or a free-to-play game with microtransactions anchored to the game and no liquidity. With digital ingame assets tied to NFTs, web3 games are now play-to-earn and provide multi-platform liquidity for players via Gamestop’s marketplace. Gamers can now sell or rent their digital assets in one game via the marketplace to invest in a new game. The trade-in value for their digital goods is actually fair and far exceeds Gamestop’s old trade in values for physical games in the past. The e-commerce experience on the website now includes same-day delivery and price matching, with an ever-expanding inventory of collectibles. New customer experience centers are also being tested and deployed in high traffic locations. For the gaming enthusiast, the value and customer experience is better at Gamestop than anywhere else. + +Developers: The partnership with IMX includes a grant fund and one of the deliverables is quality web3 content. I believe that smaller developers have the most to benefit from player churn and residual income from an active marketplace. Understanding the developer incentive is crucial since no one will switch to a platform where they lose money. So, why should developers even think about approaching Immutable / Gamestop NFT? + +With the illiquid app store environment, mobile game developers need to focus on player retention and avoid player churn (inactive accounts, uninstalls, etc.). Constant engagement is needed to keep the paying crowd retained, using sunk cost fallacy, high level bonuses, subscription models, and other game mechanics to keep players playing. Under this current model, **when a player churns, revenue to the developer immediately becomes zero.** Furthermore, the value of any ingame assets, whether the player is active or not, is effectively zero. The player carries zero assets going to the next game, and needs to provide additional liquidity, paying for ingame purchases via app store wallet. Remember, most of the gaming demographic has limited liquidity. Let’s look at this in action: + +Player A spends $50 on Developer A’s game. + +Player A churns, Developer A gets $0. + +Player A picks up a game from Developer B, spends $30 of remaining liquidity on Developer B’s game. + +Little Johnny, our recurring liquidity problem, has limited options with the current mobile cash shop model. Under the web3 model, something interesting happens: + +Player A spends $50 on Developer A’s game. + +Player A churns, gets $30 trade in value for his ingame loot, Developer A gets $3. + +Player A picks up a game from Developer B, spends $60 of remaining liquidity ($30 Player A has left over plus $30 from trade ins) on Developer B’s game. + +With web3, the developer makes money from player churn. The player who bought Player A’s loot is a new customer, which was **acquired at a cost of negative three dollars**. With the first scenario, two developers fighting over the same customer will either receive $50 or $30. In the second scenario, they get either $53 or $60. + +The developer also makes money when a whale (a player that spends a ton of money on the game) sells their duplicate items on the secondary market. Not only is there an inherent benefit to the biggest spenders, the developer profits when the game items are sold for a perpetual royalty. In the event that the game becomes massively popular, the laws of supply and demand increase the value of existing ingame items like special collaboration gear. This could effectively reverse player churn, as long time players who have gone inactive log in once more to find out their rare loot has appreciated in value – think Magic: The Gathering players who stopped playing in Beta and picked up the game again. A subclass of players may also speculatively invest in the game for this reason. All three of these player actions are monetization only possible with web3. If you have been paying attention to the AMAs with Immutable and the posts they have been making about recruiting developers and going to GDC, you can deduce the formation of a Play to Earn multiverse of games and collectibles. Take a look at Immutable's feed for yourself. It will take time for these developers to launch on Gamestop, depending on how far along their existing projects are before they decided to implement web3. + +Employees: No sugar coating here, the working conditions in many stores are poor. There is little upward mobility, and a huge disconnect between executive management and the actual workers. It’s not a happy place, and one of the reasons why we see RC tweeting photos on location at stores. When Gamestop fired hundreds of employees at head office, this likely included old guard district managers that were resistant to change and enabled the corporate culture to fester at the expense of front line retail workers. Cutting administrative head count is typically a positive indicator for most companies with negative earnings – Peloton’s stock took off like a rocket when they announced a huge reduction in head count, but believe it or not, in Gamestop’s case, **dip**. I see this and the approval of 8,000,000 shares towards the employee stock compensation plan as positive. It allows upward mobility for exceptionally performing store managers and stock compensation rewards for employees – accountability comes with ownership. Like any decent human being, I want to see conditions for the front line employees improve, but it must be done in a way that is sustainable and beneficial for the long term operation of the company. While I am bullish about the new talent on board, I am only cautiously optimistic about those at the bottom of the ladder. There’s likely going to be more short term pain before long term gains as leases terminate on unprofitable stores. Gamestop needs to on board millions of players to the wallet and marketplace enabled games and grow them enough to get in some positive cash flow on the balance sheet before they can hand out cash raises to thousands of employees. The only benefit Gamestop employees really got was some relief the paycheck would not bounce and a few nice customers. Oh, and some toxic district managers who got fired. Bullish on the store manager who fills the empty shoes. + +**Part V: The Bull Thesis Looking Forward** + +This part is speculation and yet to materialize. The NFT market and mobile gaming both have double digit CAGRs for the next 5 years. This is where Gamestop is positioning the platform. It has great tailwinds from the market trends behind it, and only needs to leverage an existing customer base to make things spicy. To succeed as Gamestop Digital, I expect the following catalysts to improve the company’s forward facing revenue: + +**Increased developer uptake in web3 gaming:** Gamestop’s partnership with Immutable is key to jumpstarting this innovation, but it needs good games and in volume to really stir up marketplace activity and fees. In its heyday, Gamestop made billions of dollars per year in arbitrage. The current marketplace and number of web3 play to earn (P2E) games is still in its infancy and a long way from raking in billions in marketplace fees a year. The good news is, mobile games can rack up millions of dollars of revenue in a matter of months due to the sheer number of people who have smartphones – Diablo Immortal hit $180 million in two months, and Genshin Impact took 5.2 months to hit $1 billion. Developers should see Gamestop NFT as a place where they can make games that bring in continuous revenue, compared to a digital storefront platform that brings in diminishing returns each time the game goes on sale with no chance of residual income. Gamestop leveraging its platform to form strategic partnerships and promotions with developers, like it did during its prime years, would be incredibly bullish for the company. There’s a good setup right now for developers, with IMX providing the software tools to implement web3, Gamestop offering the marketplace, and Loopring offering the financial plumbing that goes on behind the user wallet to facilitate low transaction fees on layer 2. All the developer needs to enable web3 is integrating the Immutable SDK. Nothing else needs to be built from scratch. + +A common objection to Gamestop’s marketplace is there are no AAA developers have signed on board, but with mobile, AAA studio branding is not a requirement for success. Since when was Elex, Mihoyo, Plarium, Rovio, and Mixi considered AAA? Yet, they have well over $10 billion in revenue between all of them. Gamestop can’t be like Microsoft, Sony, or Nintendo and swallow up big development studios, it simply does not have the capitalization. Which brings us to the next catalyst to watch for: + +**Partnerships with dormant gaming intellectual properties (IPs):** Gamestop cannot afford to buy Mario and Friends, but it can bring back the classics in one form or another like with the recent Betty Boop digital collectible. When Disney could no longer milk the Power Rangers cash cow, they sold it back to Saban, who then went in for a second harvest by selling high quality collectibles to the kids in the fandom who are now adults with disposable income. The legacy Megazord was priced at a premium and sold like hot cakes (hey Gamestop, sell these again at MSRP and I will buy at least two). Robosen has a self transforming G1 Optimus Prime that sells for $999 USD. The lesson here? There’s tons of money to be made in dormant IPs with nostalgia value. Zlongame revived the Langrisser franchise on mobile and made billions from a huge fandom that played pirated copies of Langrisser II as kids and then grew up to have disposable income. The same company is reviving the Front Mission series for mobile. Gamestop is now a brand known for coming back from the dead. Bringing back IPs like Heavy Gear or Syndicate would cash in on the adults with nostalgia and disposable income demographic very well. Both founders had Kickstarter projects that were under $600,000 and met their funding goals. + +The ace that Gamestop holds here is what the entertainment industry calls the nostalgia pendulum, or the nostalgia sandwich, a period of time which is 15 to 40 years, from when content consumers become content makers and adults with income. Even big companies like Netflix, which also face the problem of more and more IPs being stonewalled by producers under their own streaming services, respond by reviving dormant franchises that already have a built in fan base. This is why Stranger Things, Ghostbusters, Robocop, and most recently, Top Gun: Maverick, have such broad appeal to the tune of billions of dollars. If we look at the gaming time horizon, this would incorporate the period from 1982 to 2007, a golden era of gaming. There are hundreds of dormant IPs that fall within this nostalgia sandwich and not affiliated with the big three console companies or AAA studios. If Gamestop follows the Hollywood formula, once again, the conservative, sandwich-heavy portfolio will pay off for the hungry investor. + +Companies like Konami and SNK licensing out franchises for web3 games would also be a positive development. Gacha based mobile games are already like fancy slot machines, which both companies also license. Providing the license to an experienced smaller studio to create a mobile web3 game and doing so in volume is actually within reach of Gamestop’s capitalization. + +The next logical step once Gamestop / IMX produces a hit franchise revival is merchandising, and this is where it can tap existing suppliers on the shoulder that they already have a good business relationship with and push out merchandise with juicy, double digit margins (T-shirt sales are the sweetest peach). Digital releases that do well could follow with Collector’s Edition preorders that have a physical game and other swag. The dormant IP route leveraging their existing distribution network and customer base would be an appropriate response given the segmentation and profits that we see in the streaming market. + +**Changing customer attitudes towards blockchain:** Hedgie-owned gaming blogs continue to bash blockchain tech and foment negative sentiment. A few great games that demonstrate the value of being able to transfer or rent your time investment between games are needed to change the overall view of the technology. What’s the difference between your farm in Farmville and POGs? People on eBay still get money for their POGs because they hold value as a collectible. The future will include games where you can rent out your exotic weapons on the marketplace and have someone else hire your character as a mercenary and get tokens in return. I disagree with the view that play to earn turns gaming into a second job. Instead, it lets people with limited funds get more out of their hobby by promoting a circular economy. The current cash shops in mobile games restrict player funds. Making them web3 assets gives players back their liquidity, like when they traded in cartridges back in the 1990s. Web3 is Power to the Players. The move to non-custodial wallets instead of a centralized database would prevent a catastrophic breach of assets. Equifax shit the bed and the CEO went to jail for only four months for insider trading and spent zero months in jail for giving Al-Qaeda your FICO score – gamers would destroy a brand if all their loot went missing under their supervision. + +**Increased Gamestop Wallet Integration:** It’s only a matter of time until we see NFTs accompanying physical purchases of collectibles. We already have NFTs of lambos that come with the car. The future may bring animated Funko Pop NFTs that accompany the physical product. We may see Gamestop and developer sponsored tournament winner NFT badges turning up in the marketplace. That being said, given all the negative connotation with the word NFT, I can see the future referring to the technology as digital assets and digital collectibles instead. You know, like how that show Pocket Monster in Japan had an episode that gave kids epilepsy, so they changed it to Pokémon overseas to fool parents. Seeing collectors adapt Gamestop Wallet as the place to store and display their non-meatspace collectibles would bring great long term value to both customers and vendors. In addition to reviving dormant IPs, Gamestop could also issue collectibles both in store and in wallet to tie in with the launch. Remember all those promo items from midnight launches? Digital collectibles are another way developers can gift swag to their supporters. + +To increase adoption of the Gamestop Wallet, a promotional option to use the $5 Powerup rewards credit to initially fund the wallet would go a long way towards speeding up user count. As mentioned by RC in the activist letter, the PowerUp Rewards program has millions of members. Using the monthly credit to create a new wallet will give millions of junior gamers with no access to a credit card a way to earn and access cash shop items in mobile games – and nothing spreads faster than rumors on a playground. If Gamestop was the pioneer who broke down the paywall for kids without mom’s credit card, they would instantly have another generation of loyal customers. + +With that said, the final part of the bull thesis are readers like you. Gamestop’s profitability is dependent on retail consumers like you, and if that means price matching items so you can buy them at Gamestop or helping others to onboard the Gamestop Wallet, it will go a long way to ensuring a future where your stock investment pays regular dividends. The market is already planning an ETF that is only short Gamestop. DRS will murder these bagholders, but only your continuous support will ensure Gamestop lives on to see some or all of these catalysts come to fruition. This post is flaired Possible DD because you are the ones who will make it possible. Power to the Players belongs to everyone here. +Oil demand probably hit a secular peak last year and, thanks to #EV's, now is in secular "decline". + +From her tweet on 2020 07-15 (not sure I can post tweets on here? I'll do it on reply) + + +"EV's" was the biggest sham in 2020-2021. Yes they are coming, no oil will be never be taken over when disaster strikes as we are seeing unfold or demand is high. +UPDATE ON [https://www.reddit.com/r/Bitcoin/comments/n3c13t/about\_to\_engrave\_my\_seed\_into\_eternity/](https://www.reddit.com/r/Bitcoin/comments/n3c13t/about_to_engrave_my_seed_into_eternity/) + +A lot of you expressed interest in seeing the final result... Here it is! + +[https://i.imgur.com/SUMi5ty.jpg](https://i.imgur.com/SUMi5ty.jpg) +Hi, this is just for anyone whose thinking of signing up for RBC in the future. I opened a new checking account 4 months ago partially for their free airpod promotion, and it has been absolutely miserable dealing with them to honor their promotion. + +The necessary conditions (PAP + Direct deposit + Automatic bill payments) were all met and they went back on their promotional contract in every way they can by saying only a select few payroll providers were accepted, automatic payments had to be from separate providers, etc. Multiple phone calls were made and each time a representative told me something different. The did not honor their promotion in the end. + +I will be immediately cancelling my account with them as I see no point in moving forward in any way with this bank- if they won't even honor something as small as this, how can I expect them to provide a positive relationship in anything else? + +Please reconsider opening a bank account anywhere else. I'm also open to suggestions if anyone has a good provider in Canada! +I have a spare laptop and spare bandwidth so I decided I would run a full node and help the network. I am not stupid but not very technical either. + +It took two days to download the full blockchain. Why is that? I have a fast 50 MB fiber connection. 50 gigs on bittorrent would take just a few hours. I had to wrestle with getting ports open and working so all in it took me about three days to get up and running. + +So here I am the proud operator of one of only 5,000 full nodes, doing my bit to help bitcoin but the experience is very disappointing. On my screen I have a large white area that is empty. It looks like a wallet, because of course it is that as well. At the bottom of the big empty white space are two tiny icons which if I mouse over one I get a notification that my copy of the blockchain is up to date. The other one shows how many users are connected to my node. This is in tiny text that disappears after a +few seconds. Other than that, nothing happens that can be seen. + +Here's my problem. There is no reward for running a full node but a definite cost. We rely on the goodwill of the community to run this essential service without which bitcoin would grind to a halt. Can't we make this at least a bit more visually interesting. How about a flashing light every time someone connects to the node, some on-screen statistics regarding how many blocks have been served to other nodes, value of transactions verified, how many other nodes are on-line, what percentage of the processing power I am providing. How about a scrolling bar saying "Thanks for supporting the bitcoin network". What about a simple block explorer allowing you to dig into the details of the blockchain you are so graciously hosting. If the internet is disconnected, nothing happens so if your network plug falls out you won't even know. What about a big green light saying online and some indication of the level of traffic passing through the node. + +I want to bring my friends up and say look, here's a full bitcoin node making the network run. I am part of it and you could be too. However showing a laptop with a blank white screen does not engender much excitement. It does reveal a failure of imagination. + +I know, none of this helps the network or is in anyway essential. It would however make people running full nodes perhaps a little prouder to be doing so and give them something to show off. To me this points to a fundamental problem with the powers that be in bitcoin. Yes we are decentralized but we all know now that the core developers wield a lot of influence. Coders are not blessed with a lot of imagination and tend rightfully to work on making sure everything is technically correct. Vary few successful companies are run by coders (or accountants for that matter). Academics are usually terrible business people. The frilly bits matter and good business people understand that and act accordingly. + +I have seen a lot of discussion on how essential full nodes are. Even the never ending blocksize debate keeps regurgitating the fact that full nodes are dwindling and centralization is a risk. Very esoteric (and frankly stupid) discussion on increased resource requirements forcing full nodes to close down. + +Come on! Make it sexy and interesting to run a full node and lots of people will do it. Yes provide an off switch for the frilly bits so serious coders can steer at a blank white screen but give the rest of us a bit of excitement. +This is a challenge to everyone here. + +Lately I’ve seen a lot of new folks joining this lovely sub, and I’m seeing a lot of the same newbie things we all go through: tons of indicators, lots of moving averages, and esoteric strategies that are “guaranteed” to work based on some YouTube guru that you gotta pay $199 a month too🤦 + +In my short journey I’ve gone through that too, and paid for those courses, fancy Trading View indicators and chat rooms. I even bought the fully loaded version of Bookmap with all their stop and sweep indicator stuff. Yet, I ultimately found myself suffering from analysis paralysis. + +Then one day I just turned them all off and I found my win rate and expectancy increasing! I took it a step further and I don’t even have green or red candles now, just a light grey/blue against black; dimmer for down and lighter for up candles. That, paired with the high, low, mid and VPOC of the day give me enough of a sandbox to play in. The rest is price action. + +So my challenge to you: can you trade without indicators? Or at least significantly less? + +Good luck traders! + + +EDIT: + +Someone asked what is price action and how do you trade with it. Here’s my post reposted here for posterity: + +- + +This is actually a great question that sent me on a year long quest to answer. + +First, you can google candle stick pattern charts/ price action charts that show some typical ways that candles stack next to each other. A famous one is a double bottom/top. It basically looks like the candles make a W. Logically if you see the firs V of the W, then the next time price enters the bottom of the V you could enter that bottom tip of the V. + +But there’s so much more to it! + +For one, I use Tick charts. In essence, after 2,000 market orders of /ES, a new candle is drawn. This is regardless of _how_ many lots (contracts) those 2,000 orders each had. For example each person could have bought ten lots, then that candle would be drawn after 2,000 orders but the volume would report 20,000. + +Anyways, remember that W I talked about earlier? As price starts to form the second bit of the W, _the speed of the orders_ starts to be important too. You can literally see/feel the transactions come through as the W is formed. The more the orders fly through, the faster the W forms. The slower the orders fly through, the slower the W forms. That momentum is incredibly important because if it doesn’t slow down at that V tip, then you may hesitate to take the Long position there. You may get quickly stop picked (a common thing in /ES) that eats your position. The W looks more like a little v with a giant V next to it. + +Eventually that momentum peters out and you see big volume and momentum (speed at which the candles form) come in and push that final tip of the giant V into formation. + +Now do you enter as it begins the upswing? That’s up to your risk parameters and trade plan. + +Price action is quite literally that. How the price reacts and moves. A lot of people have their opinions on the kind of candle to use. For /ES futures I use a 2,000 tick chart. It works for me. I do observe on hourly and daily charts too to get overall market sense. But the tick chart is where all the magic happens for entering and observing for me. + +Can you do this on a time based or renko based chart? I genuinely have no idea. I haven’t used a non tick chart in almost a year. Perhaps someone with more experience can answer :) +Digix could be launching possibly in 5-6 weeks and I don't think there's much discussion about it. So I wanted to spark some and post my thoughts on why I think this is a good investment. Disclaimer: I do hold a position in Digix, but that doesn't mean everything I'm about to say isn't all facts: + +* Digix will allow you to have digitized gold in an ERC20 format. +* This will provide a stablecoin and a store of value on the blockchain. +* Digix will hold real physical gold in Singapore so each gold token is fully backed. +* This physical gold is redeemable at any time. So you can actually get your gold. +* DGD holders earn money via transaction fees. +* Digix only took 15% of the tokens during the crowdsale. +* Digix announced it is refunding 465,000 ETC to DGD holders at the end of May, which at current market prices would come out to $1.40 USD per DGD. +* Augur mentioned potentially using Digix gold as a stablecoin for their platform. +* Digix has 45-50M USD in reserves, depending on the day. This is huge. +* Their final code audit is being done by SmartPool beginning on May 21st, which is said to take 4-5 weeks. If all goes well launch will be shortly after that. +* Team is incredibly talented (opinion) and active in the Ethereum community. + +Once DGD is added to a real exchange it's true value will be revealed. Currently you can buy Digix in these places: + +http://Bittrex.com (Fully regulated in USA, medium liquidity) + +http://Yunbi.com (Chinese, high liquidity, high limits) + +https://OasisDEX.com/ (Decentralized exchange from the Maker team, very low liquidity) + +http://ShapeShift.io + +See also: + +http://Digix.io + +https://bravenewcoin.com/assets/Whitepapers/digixdao-info.pdf (comprehensive Digix information) + +Feel free to open the discussion of your thoughts on DGD. +I've been seeing lots of posts about ICOs recently, and a lot of these posts talk negatively about ICOs and how they are ruining ethereum. Which I think is complete bullshit. + +The real thing ruining ethereum are the many users who don't fully comprehend what ethereum is, how it works, and whether or not they're investing in a legitimate ICO. + +Once someone truly understands the workings of ethereum, these ICO scams become far more obvious. But most importantly, I truly think the dApps (ICOs) in the long run will be the reason that our currently $270 eth value will eventually be worth $1000's +. + +Think about the current state of ICO/dApps kinda like the Apple AppStore. Initially when they released an AppStore, 90% of the apps being released were TRASH, barely operating or looked like trash. There were plenty of scam apps that costed from several dollars for little to no app actually being developed to even an app called iRich or something like that and it costed a million dollars. + +Now look at the AppStore. It's full of plenty of high quality games, games like clash of clans which at this point PRINTS money. And the entire AppStore industry is worth billions and billions of dollars. + +And the best part about this?? Cryptocurrency is FAR more valuable than the apple AppStore apps. This is the future currency that will be utilized to buy those apps in the AppStore, or pay for your clash of clans in app purchase addiction. + +The point I'm making with this post is, the ICOs are a blessing and curse currently. We're all new to it, whether your making one or investing in one. As ethereum matures and so does the tech and community, the dApps will be one of the main reasons - and in my personal opinion be the #1 reason setting us apart from bitcoin and all alt coins and make us far more valuable in the long. + +#Flippening +Every time correction of ethereum price happens this sub start panicking. This time it almost got me too, but I realize that there is no reason to panic. + +1. There were no bad news about ethrereum. Did any company leave ethereum alliance? No Have any of Ethrereum developers left the company? No. The only bad thing these days were a spread of cancerous ICO's that takes people money and dumb large amount of ethereum into the market. + +2. If I didn't sold at $400 why should I sell now? I considered $400 usd a fair price and others who bought at this price did too. Since nothing bad happened price is going to recover sooner or later. + +3. I still believe in ethereum and many opportunities that it can provide. Many big companies a looking for ethereum developers, and they are definitely going to create something cool with this tecnology. + +TL;DR I can't find any reason to why to sell ethereum, if you can sell, otherwise HODL +Burned 0.5 ETH today because an erroneous backspace when copy pasting an address. I sent the funds to nowhereland forever. I am not hurting for the coin but I do wonder how many people have lost funds because of this. Can't this be fixed? + + +Hello all! + +My wife and I have a one-bedroom apartment which currently has a 2.75% mortgage rate. We welcomed a little baby earlier this year and, despite how bad the market is right now, desperately need to move to a home. + +We, in theory, think we can likely rent out the apartment to cover the operating costs of it (mortgage, insurance, etc) and would like to hold on to it as an investment. We have saved up a small amount to cover a down-payment on our home. + +With mortgage rates the way they are now (High 6's, Low 7's), I was wondering if anyone knows of any creative solutions to help bring down the rates on a new home? Someone had mentioned to me in the past that you can utilize your low mortgage rate on the apartment to help offset a mortgage on a new home but I didn't fully understand it. + +Any thoughts or input would be greatly appreciated! I really know nothing about mortgages or if there are any different ways to possibly hold on to the apartment we have and not get totally killed on a new home. +Obviously auto contribute to your savings account and I’m sure several will say accepted gift from parents + +I’m looking for the outside the box ideas, the SUPER frugal stuff, the gritty stuff, etc +Hey ya'll, +First time home buyers here. We're due to close November 7th and our loan officer is pushing us to get tenants lined up. I just talked to him today. He said they need tenants under a signed contract with first month's rent in my bank account. It's the only thing left that we need to qualify to buy this property. If we do this and something falls through, what happens to the tenants? Do we get in trouble? +Thanks reddit team! +We are looking at a duplex for an investment property. The seller (who is the RE) bought the place for 250k in 2015. He remodeled both sides and did an excellent job. It’s now on the market for 400k. + +It’s a long term investment property that cash flows a little for me. I do not plan to live in it. + + +Seller mentioned during the open house yesterday he hopes to sign a lease and stay. Is that common? Is this a red flag? What should I watch out for? +I borrowed 40K about a year ago. I'm paying interest only now and it's approaching 7%. I think it will be higher next month. I have 2 options. I can pay an extra $1000 a month for 40 months or I can borrow from Roth account from my employer at 6% interest but I'm paying to myself. My rentals are about $1200 a month cash flow. What should I do? +It seem to be a common confusion about Lightning Network that it works something along the lines of "I open a channel to a coffee shop with 10mBTC, send multiple txes paying for coffee over it, and once the money run out i close the channel". + +If it worked like that, then the whole thing would have been rather pointless. + +Instead it is a **network** of payment channels. You open a channel once, to a node you respect, and then that node connects to node B that connects to node C that connects to a shop you want to pay. + +One channel, many shops. + +It's like the internet - you don't have a cable directly to Facebook, a cable directly to Google and a cable directly to Amazon. Rather, you only have a cable/radio link to an ISP or two, and the data is then routed across the backbone of the internet to reach whatever detination you need. + +And unlike ISPs in places like USA, the network is uniconnected. Meaning you can pick any node you like at no extra cost. Imagine being able to have internet from an ISP in Moscow, Russia while living in Arkansas, USA. Same with payment channels. +Idk why, but I just discovered the world of Pledged Asset Lines, tax deductible HELOCs to use for investing, etc and I am absolutely blown away at how valuable these could be for our wealth and our estate value... + +Now that I understand the strategy in theory, I’m curious for those who consciously employ it, what’s the catch? What should I be careful of / know about (other than the obvious risks to over-leveraging)? +My question is simple. Money only goes a certain way in taking care of things. It doesn’t put you on a constant state of bliss. In fact doing the same things again and again tend to reduce their value. For example, before fat firing, I had a vision of wanting to travel a lot. I have realised travel doesn’t give me the same level of happiness anymore. Sure it tends to take away the occasional boredom of routine, but not in a way that it makes me totally ecstatic. Not travelling would make me totally miserable, but travelling won’t likely make me as elated. As humans we are also quick to readjust to a new baseline. Those things tend to become our new normal, which means we start to look for other things that can put us on that state of euphoria. Anyone else here who feels the same ? What did you perceive that will give you lifelong happiness before Fatfiring but it quickly became your new baseline ? +What other activities have you graduated to? What gives you a sense of meaning and purpose? + +In my case, from the time vacations started feeling like regular, I took to long term staycations. Books, reading , acads and working on new business ideas continue to be my forever love. + +Edit : also trying to practice Vipasana and everyday practice of Anitya / impermanence. + +Thanks everyone for your replies. I am trying to go through each post and internalise what it means for me and I want to take time doing that. While I may not be able to reply to every post individually, I want to tell you how grateful I am that you took so much time in contributing to my personal growth! Can’t thank enough !! 🙏 +# 30-day challenges + +We are pleased to announce that we're continuing our 30-day challenge series. The schedule spans the entire year so be sure to keep an eye out each month. + +This month's 30-day challenge is to **get on top of your credit.** Here are some concrete steps you can take: + +# Check your free credit report + +There are three major credit bureaus in the US: Equifax, Experian, and TransUnion. These companies each gather credit histories for individuals and sell that information to credit card companies, lenders, and other financial institutions. + +You can go to https://www.annualcreditreport.com to get a credit report from each credit bureau once per year. It's often recommended to stagger your requests so you can get one every four months so you may only want to request one report at this time. You can use a calendar reminder to stay on top of this. + +Now, your free credit report won't include your score and it also won't include credit monitoring, but you absolutely don't need to buy those from a credit bureau because there are free options. See below. + +Note that the security questions will sometimes ask about intentionally false information (e.g. made-up loans), so "none of the above" may be the right answer. If you can't get past the security questions, you may have to write in to get your report. Also be aware that you don't have to pay for anything on the credit bureau sites. If you find yourself prompted for a credit card number, you might have clicked to sign up for something you might not need or want. + +Also, if you have trouble with the web site, try temporarily disabling browser ad-blockers and privacy extensions. + +See the [Credit Reports Wiki](http://www.reddit.com/r/personalfinance/wiki/credit_reports) for more information! + +# Sign up for free credit monitoring + +You don't need to pay for credit monitoring. Some options: + +* A variety of companies such as [Credit Karma](https://www.creditkarma.com/) and [Mint](https://www.mint.com/) offer free credit monitoring services. [There's a longer list of options in our Wiki.](https://www.reddit.com/r/personalfinance/wiki/fico#wiki_how_can_i_get_my_fico_score_or_a_score_estimate_for_free.3F) + +* Many employers also offer free credit monitoring for their employees directly with a credit bureau. Check with your benefits department. + +* Finally, if you've been the victim of a data breach like Target or Anthem, those companies are providing free credit monitoring for anyone potentially affected. + +After exploring your options, sign up with at least one of them. More information contained in the [Credit Scoring Wiki](http://www.reddit.com/r/personalfinance/wiki/fico). + +# Find out your credit score + +You can now [get your FICO score for free from Discover](https://www.creditscorecard.com/) without a credit card. + +In addition, a number of credit cards actually give you a free FICO score as a benefit of having their card. Brands providing FICO scores include Discover, Citi (branded cards only), American Express, Bank of America, and Barclaycard. [Here's a full list of options.](https://www.reddit.com/r/personalfinance/wiki/fico#wiki_how_can_i_get_my_fico_score_or_a_score_estimate_for_free.3F) + +In addition, you can get your VantageScore from [Credit Karma](https://www.creditkarma.com/) or [Mint](https://www.mint.com/). VantageScore is used less often by creditors than FICO, but it's a *usually* a good estimate of your FICO score. Paying for your credit score is silly unless you're considering getting a major loan like a mortgage. + +# Get rid of pre-approved credit card junk mail + +[OptOutPrescreen.Com](https://www.optoutprescreen.com/) is the official consumer credit card reporting website to opt-out of offers of credit or insurance. It's an easy win to reduce junk mail and reduce the risk of identity theft (from someone stealing your mail). I recommend signing up unless you're in the process of building credit and actually want to receive pre-approved offers. + +# Are you looking to improve your credit? + +Once you have a score over 740, most credit files are solid enough to qualify for prime rate lending. This means that any additional increase of your score will likely not get you better credit products. + +If you are in a position where you'd like to improve your credit, here are two situations that often befall people when asking for help here: + +* ["I have no credit, and I am looking to get started."](http://www.reddit.com/r/personalfinance/wiki/credit_building#wiki_i_have_no_credit.2C_and_i_am_looking_to_get_started.) +* ["I have bad credit, and I am looking to repair it."](http://www.reddit.com/r/personalfinance/wiki/credit_building#wiki_i_have_bad_credit.2C_and_i_am_looking_to_repair_it.) + +# What to do if you find information you don't recognize + +Even though credit reporting is automated, mistakes can still occur. The most common errors can involve names and addresses. If your name is similar to a parent's name, there are also instances where a line of credit is reported on the wrong file. + +The simplest course of action is to dispute the information with the bureaus. Here are direct links to initiate a dispute: + +* [Equifax](https://experian.referral.equifax.com/CreditInvestigation/home.action) +* [Experian](http://www.experian.com/disputes/main.html) +* [TransUnion](https://onlinedispute.transunion.com/disputewizard/) + +Finally, if you believe you've had your identity stolen, read and follow the steps in our **[Identity Theft Wiki](https://www.reddit.com/r/personalfinance/wiki/identity_theft)**. + +# If you're not in the United States + +[The PF wiki has many more countries covered.](https://www.reddit.com/r/personalfinance/wiki/credit_reports#wiki_what_if_i.27m_not_in_the_united_states.3F) If you would like to add information for your country to the wiki, please message the moderation team. + +# Challenge success criteria + +You've successfully completed this challenge once you've done 3 or more of the following things: + +* Requested a free credit report via annualcreditreport.com +* Set a reminder to request a different credit report in 4 months +* Found out your credit score (either FICO or VantageScore) +* Signed up for free credit monitoring +* Opted out of pre-screened offers +* Initiated a credit dispute with one or more credit bureaus + +If you're outside of the US, you've successfully completed this challenge once you've done the following things: + +* Read up on whether there is a credit scoring system in your country and find out how it works (see the previous section and also try searching the internet). +* If it exists, find out how you can get information about your own report or score or whatever it's called, get that information if possible, and check it for accuracy. +* If there are items on there that you can try to fix, start doing so. For example: pay down debts, talk to the credit reporting agency about inaccurate items, etc. +I found an article on WSJ earlier today that claimed that we are now officially in a bull market. Meanwhile, the entire country is sheltered indoors and COVID-19 is still exponentially growing, with US cases now surpassing China, with joblessness at a new record high. Furthermore, commercial real estate lenders that I have spoken with have never before seen the number of requests for loan remodification and payment deferral, and gross scheduled rent across all commercial assets is highly expected to declined come April 1st (with the exception of Single-Tenant Net Lease retail). With an impending mortgage crisis on the horizon and no end in sight to our shelter-in-place health-care strategy, how can the Trump Administration blatantly claim a market reversal? Are we dealing with complete incompetence at the WH or something more sinister? Is this a pump-and-dump on a global scale or are we really headed for greener pastures? I would like the input of other experienced options traders on the outlook in the coming months. + +Source: I am in Commercial Real Estate Investment Sales + +SPY $225p 4/29 + +SPY $210p 5/15 + +CCL $19c 4/3 +**Four years ago** I became divorced as several family members also passed away and with that came a forced life restart. I quit my $12 an hour job and needed a road trip. I figured, I might as well get paid for it, right? I received my commercial driver's license and became a truck driver. + +Almost **three years ago** I quit driving with my saved money so that I could go back to school to finish a long-abandoned master's degree. I figured this was a now or never situation. Despite it taking 11 years, I finially finished. This was not a degree I was pursuing for professional purposes. It was a seminary degree and it became a part of the healing process in my grief. + +Additional context: No kids, low cost area of living, and I assist my elderly mother and pay her an equivelant of rent. + +**YEAR ONE:** Two years ago, at the age of 33, is what I consider to be the beginning of my FIRE journey. This is when I graduated from school, paid off my last bit of debt, and began a new career. + +**I started with a net worth of $5,804,** minus my car. + +As I began this new job, I started as a yard driver in a distribution center. That position transitioned into a yard administrator role and I began training for the next step. + +My pay slowly increased from $13.75 to $17.75 an hour. + +During that year my income wasn't high and I focused on being very frugal. From July 29th, 2020 to August 5th, 2021 my take home pay was $35,115. I was able to invest $19,516 of that amount: *55.58%!* + +**I ended with a net worth of $24,693.** + +That's incredible but I didn't keep such low expenses during my second year. + +**YEAR TWO:** I didn't do as good of a job being frugal and I did less overtime. + +However, toward the tail end I significantly increased my pay due to a promotion. I became a supervisor, increasing my pay from $17.75 an hour to a salaried position that equates to $35.64 an hour + a yearly bonus of up to 10%. + +Practically speaking, I doubled my salary with this promotion. + +By August 4th, 2022 my take home pay came out to $36,830 and I invested $8,275. That's a savings rate of 22.47%. I'm a bit disappointed in my lower amount invested but compared to the general population, that's great. + +**I ended with a net worth of $32,596.** + +**GOING INTO YEAR 3:** I am very optimistic about next year. If I can cut down my expenses to a middle position between the two years with my new salary then I should be able to invest well above 50% of my salary. + +I need to do a better job budgetting this year, being intentional. Last year I spent a lot of money on random things: a drone, a camera and gear, a Onewheel, a Steam Deck, a vacation, an espresso machine, etc. I don't have regrets on most of those purchases but they add up. If I did not have those $600-$1700 purchases every other month then I could have invested nearly double what I had. + +At this point I don't have much in the way of wants or needs. However, in the next few years I'll need to buy another car and will be considering buying a house. We'll see. + +As far as my career, even with my rapid growth in my company they are already training me for the next role. Crazy. + +**tldr;** In year one I was frugal, in year two I wasn't frugal but increased my income. Disappointed about the numbers but optimistic going forward. + +**Edit:** I've discovered something pointed out in the comments. I'd basically been considering market volatility going up and down as if it were my own savings/expenses. As such, I changed my formulas and found that my savings rate this year is much better than I thought! My slow growth has been from fighting a down market, not my own inability to save. **As such, my savings rate for year 1 was 51.18% and my savings rate for year 2 was 35.40%! This means, all in all, my savings rate since I began my FIRE journey has been 46.69%!** +https://www.businessinsider.com/jeff-bezos-urges-laid-off-restaurant-workers-to-join-amazon-2020-3 + +Amazon CEO Jeff Bezos is urging laid-off workers from closed-down restaurants and bars to come join the company as it struggles to accommodate an enormous volume of orders amid the coronavirus pandemic. + +Bezos said the company is hiring for 100,000 new roles, and is raising the wages of its hourly workers who help fulfill orders and deliver to customers. +I used to use account aggregator services like Personal Capital or Mint but I came to have security concerns with these services. Ultimately they're storing your username and password in a database somewhere so they can login as you and screen scrape from your financial institution. I'm sure that username password combinations in their database are encrypted and everything is up to snuff from a legal standpoint but if an attacker has access to the database they could also gain access to the encryption key and decrypt my info. Not worth it in my opinion. + +In addition to security concerns I also have privacy concerns. What will they do with my data? I know they will use it try an sell me services. Do I really want a company knowing every little detail of my finances? No thanks. + +So what do I do? It's pretty simple. I created a spreadsheet along with a once a month reminder on my phone to update my numbers. Once a month I log in to all my financial institutions and update the numbers. I then encrypt the file before saving it to the cloud. You can use tools already installed on your Mac to do this or download third party encryption software. + +What about account security at my financial institutions? This is setup for the truly paranoid. For each financial account you have use a different password autogenerated by a password manager. If your password manager is hacked though that could leave you vulnerable so I suggest you use horocruxing. You can do this by adding a particular string to all your passwords but you don't save that full password to your password manager. So let's pretend my autogenerated password is "xyz" and I use a horocrux of "redditrocks" - I autofill my saved password of "xyz" and manually type "redditrocks" after it meaning an attacker who conquered my password manager would also need to know my horocrux. + +Next make sure all your accounts have 2 factor authentication setup. Two factor via SMS is probably the weakest form as ppl can basically hi-jack your phone number to intercept the SMS so make sure you put a pin on your account - call your phone carrier to setup this up. Ideally if your bank allows it use an authenticator app but those have their own downsides which we'll get into later. + +Make sure your email is locked down. This is your most valuable asset. I recommend getting a hardware key such as a YubiKey or a Google Titan key and setting up "Advanced Protection" w/ your Gmail account. What does this by me you ask? To login into your email it would require the attacker to have the actual key in addition to your username and password. This is important b/c attackers sometimes create fake emails w/ links to fake login sites that look like the real thing where they gather not only your username and password but also your one time password from SMS/Email/Google Authenticator or whatever and log in w/ it. The hardware key can detect fake websites and won't grant access nor can the hardware key read the one time password to someone trying to fool you over the phone making it so the only way they can gain access to your Gmail is w/ your username+password+key on your keyring. + +Lastly create a secret email, use that for financial institutions. It will buy you some privacy and make it necessary for a would be attacker to figure out yet another critical piece of information. + +\*\* Also urge your banks and other financial institutions to adopt hardware keys\*\* +We're all hyped for the 17th, there's just so much good stuff all coming to a point this year. But how about this time around we do a better job at being cool cucumbers and pregame the event by thinking through the bear case. For example: + +* It could have been a weak holiday season for them. In my friend circle for example, people just don't think of going to GameStop for anything besides video games. GME still hasn't even started PR for the digital turnaround. + +* They could have continued to spend a ton of money front loading staff and tech, lowering profits. + +* The DRS number might only be something like 7 million. We could be way off base in our estimates. + +* The DRS number might not be there at all! + +* There could be no news of any kind, it might just be a completely boring 5 minute, zero Q&A earnings report that we've seen since the days of Sherman. + +This is how I'm mentally going in this time. At best I'll be pleasantly surprised and at worst it'll be back to business as usual (buy hold and direct register). After all, even if all the things above were true, don't you still like the stock? +Lurker for nearly two years here. Some information held back to conceal my identity. + +I have no one to tell about this huge victory because I kept my debt a complete secret. I hope that someone who is in debt reads this and knows that you're not alone and you CAN get out of debt. Maybe not entirely. But the journey must start somewhere. I am super lucky I live in Canada where I don't have medical debt and I have a sibling who I could move in with. While I was in debt, my income was about $60k per year. I know this sounds like a ton of money but I live an extremely high cost of living area and when I started to get sick, my income dropped significantly (I am hourly). + +In May of 2018, I was diagnosed with a gynecological cancer (I am early 30's and it is not a common cancer for young women...which is why I wasn't diagnosed for some months) and had surgery to remove a large tumour. My tumour was Stage 1 and had not spread. I recovered and went back to work in August of 2018. That was ROCK BOTTOM. When I went back to work, my debt had hit $24,900 and yes, it was entirely on two credit cards with 19.99% APR. No bank would give me a consolidation loan. My parents and siblings did not have money to spare. My parents had just divorced and my siblings were making large life changes such as buying property (1 sib), having children (2nd sib), and going back to school (3rd sib)...I did not want to ask. I kept it a secret. + +My entire debt was racked up between March of 2017 and May of 2018. The triggering event was...my bf of 8 years dumped me out of the blue and left our shared apartment in March of 2017 (while I was at work...). I live in Vancouver, Canada, where a 1 bedroom is about $2000/month. Following being dumped, I had to find a new place to live in a city with a vacancy rate hovering around 1%. Rents were skyrocketing. + +When I was dumped, I had no debt. I also had NO savings, as I just thrown my entire savings account at my student loan to pay it off (HORRIBLE TIMING). So...always have an emergency fund. Do not start paying off debt until you have $1000-$2000 saved up...or else you'll just go into debt again. + +I went into debt to pay for an apartment deposit (rent, damage deposit, tenants insurance, moving van ect). Then my car (an old Honda that is still going today) needed extensive repairs (brakes). My hearing aids died in September (Yes, I am partly deaf, and no, these are NOT covered by Canadian health care...my hearing aids were $6000). And I started to get sick and work less. I had no idea I had cancer. I was not diagnosed properly until my third doctor's visit. Around this time, my work was wondering why I was coming in super late and wasn't producing good work. I am a professional (regulated profession, won't say which) and this was scary. I thought I was going to lose my job. + +So I racked up ALOT of debt. When I got sick and finally got a goddamn medical certificate signed by a doctor, I had to wait for my Employment Insurance to kick in, and paid my bills using credit cards. I had no short term medical insurance from my workplace. The benefits are shit...anyways. + +Here is what I did to get OUT of debt. + +\- I moved out of my expensive apartment, sold half of my belongings on Craigslist, and moved in with a sibling over 1 hour from my work (one way) into a really crappy apartment + +\- I sold things like my skis on my craigslist. This HURT. But it was cash. Threw that at debt. + +\- I started to work at home more to cut down on my commute (I realize this isn't feasible for a lot of people but basically, gas will KILL you, as will wear and tear on your car. If you can't work at home, move closer to work, move into a house with 8 PEOPLE, whatever it takes. Debt is an EMERGENCY). + +\- I threw every DOLLAR at my debt. Every payday, I kept an $x amount of money for my cellphone bill, rent, gas, and food, and threw the remaining $ at my debt. If the money wasn't in my account I could not spend it. + +\- Stopped buying ANYTHING. I cut my own hair. I made my lunch. I ate shit like crackers and canned soups. I stopped buying clothes. I sewed holes in my clothes. You name it. NOTHING. + +\- I did a balance transfer to get some debt onto a 0% card (10 months of no interest, pay $10 per month to maintain the balance) + +\- Took care of my mental health by going for walks, riding my bike, reading at the library, grabbing an ice cream, calling my friends, visiting my parents, writing in my journal, going for hikes ect. + +\- I got serious fatigue paying off my debt. I felt like I was throwing money at a fire and it never went out. This will happen. It is called debt fatigue. When this happened, I would go for a walk, cry in my car, write down how much I had paid off, write down what I would do when the debt was gone...it helped. You have to push through this. It is incredibly difficult but once the balances start dropping, it gets easier and easier. You start to see the light at the end of the tunnel. + +\- I've read this before. You sometimes cannot budget yourself out of debt. Sometimes, it is just too big. I just want people to know, you can be in the darkest hole of your life (for me, that was being dumped by my partner of 8 years at age 32, getting cancer that threatened my ability to ever have kids, and winding up in deep debt) and you MUST stick to the plan, write down your goals, and DO something about it. The bad times won't last. Tough people do. + +Fuck...I can't believe it is gone. Thank fuck. + +Always have an emergency fund. ALWAYS. If transportation or rent are killing you, be creative to the best of your ability, I know it is HARD out there, I am a renter in an insane market and I live in a CLOSET. My car is a piece of shit. My clothes have holes in them. But my debt is GONE. Do whatever you can! + +Bless you all. + +edit. Thank you for the gold. +It was a pretty good conversation... Definitely cool to hear about Ethereum and blockchain tech from the leaders who are bringing it to the masses! + +I'm not sure if any of this is news but these were definitely highlights for me: + + - Microsoft is going to be including the blockchain in Excel (Ethereum, judging by their investment in it with Azure) + - In the next year or two, a country (yes, a country) will be experimenting with putting their currency on the blockchain (also likely Ethereum, judging by the person who mentioned it) + + +The recording is in two parts (I received a call half way through that caused it to get cut off -- apologies!): + + - Part I: https://drive.google.com/open?id=0B5Z3dN79EuE2YzMwU21ZVkkxVVk + - Part II: https://drive.google.com/open?id=0B5Z3dN79EuE2SzhpVll0WldZd3M + +Edit: + +For some reason the Google Drive link isn't working for a few so here are Box links as backup: + + - Part I: https://app.box.com/s/nmf3g317nflv1mptbfmi1h7yhuq9b6um + - Part II: https://app.box.com/s/w9okynb5jnm8p32p8rl5cba1bxr3b54i +https://status.im/ + +**Mainstream Adoption** + +One of the biggest complaints I have heard about Ethereum is that the tech is too complicated and slow to sync for mainstream users. + +I was able to download/install Status from Google Play, sync, and interact with a chatbot to create a **testnet** wallet in less than 15 minutes. It uses a go-ethereum light client in order to sync very fast. + +https://play.google.com/store/apps/details?id=im.status.ethereum&hl=en + +Status functions as a mobile messenger/browser/wallet that allows users to connect socially and to interact with dapps in the Ethereum ecosystem. + +This is the one-stop-shop for mainstream users to adopt Ethereum tech on their mobile device. + +**A New Standard for Crowdsales** + +Status has been self-funding since 2015, and they have a functional alpha product running on testnet, with 6000+ testers. + +We should expect a battle-tested team and a functional product for every project before we send them thousands of ETH in a crowdsale. + +How many of these crowdsales are already setup with documentation on how to install and test an alpha dapp? + +http://docs.status.im/#introduction + +**The SNT token** + +https://status.im/whitepaper.pdf + +This will be a usage token within the app that can be used for: + +- required by Stakeholders to select and receive push notifications. + +- to vote on proposals related to the direction of the Status project + +- to register a username on the Status Network. + +- chat rooms can have minimum SNT holdings required in order to join + +- A user can set a minimum SNT deposit required to send him/her a message. For example, Vitalik could require minimum 10k SNT to send him a message. If he replies to your message, he receives the 10k SNT reward. + +- used as weight for upvoting/downvoting content + +- used as weight for highlighting a certain dapp in the dapp directory + +- used to make deposits in a user-acquisition market. For example, a dapp developer wants to drive users to their dapp, so they use SNT to pay people who refer users + +**The BTC-Killer App for Status Dapp** + +Status Teller Network. + +This will be like a decentralized version of Localbitcoins for peer-to-peer trading. SNT will be required to become a seller. + +This is huge! One of the biggest use-case advantages BTC has over ETH is p2p trading markets (most of which are centralized). + +**The Crowdsale** + +The crowdsale starts on 17 June: + +http://contribute.status.im/ + +Here are the crowdsale smart contracts: + +https://github.com/status-im/status-network-token/tree/master/contracts + +- 12m CHF soft cap -> after soft cap is hit there will be a series of "dynamic ceiling" hidden caps revealed until the final hidden hard cap. If a transaction is greater than 1/30 of the supply of each dynamic ceiling allocation, it will be rejected + +- maximum gas price per transaction of 50 Gwei + +- Status Genesis bounty token (SGT) holding addresses will be whitelisted and given priority over normal addresses + +- 300k ETH failsafe cap (only hit in the very unlikely event the hidden cap system fails) + +SGT distribution can be seen here: + +https://etherscan.io/token/0xd248b0d48e44aaf9c49aea0312be7e13a6dc1468 + +Instructions on how to earn SGT-bounty tokens are here: + +https://blog.status.im/distribution-dynamic-ceilings-e2f427f5cca + +Status slack: + +http://slack.status.im/ + +Prepare for launch! +>Job growth leaped higher in June as businesses looked to keep up with a rapidly recovering U.S. economy, the Labor Department reported Friday. +> +>Nonfarm payrolls increased 850,000 for the month, compared to the Dow Jones estimate of 706,000 and better than the upwardly revised 583,000 in May. The unemployment rate, however, rose to 5.9% against the 5.6% expectation. + +**How do you think this will affect the market?** + +Full source: [https://www.cnbc.com/2021/07/02/jobs-report-june-2021.html](https://www.cnbc.com/2021/07/02/jobs-report-june-2021.html) +It got suddenly all quiet about Evergrande and housing bubble, but I keep following it ever since and it keeps getting spicy and more spicy. Some recent news for apes: + +*Hengda Real Estate Group Co., Evergrande’s onshore unit, will hold a meeting on April 25-26 with holders of its 8.2 billion yuan bond to vote on proposal for repayment extension, Hengda said in a filing. The proposal would extend interest payment for the period between April 27, 2021, and April 26, 2022, by six months until Oct. 27* + +Ah yea, can I also expand my debt repayment for a, hmm 6 months? LOL + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**For evidence, 2022 is much hotter for Chinese developers than 2021 was, even though it's less hyped as of now, everyone just talks about Ukraine. Here are some takes for smooth-brained apes that like pictures and crayons:** + +https://preview.redd.it/l1bde78ecmv81.png?width=1200&format=png&auto=webp&s=31cac51e2de55177c4d9cf7a8ef82f309206d5ef + +https://preview.redd.it/c5znmpogcmv81.png?width=1200&format=png&auto=webp&s=5ed13f57c580f21baa86cf36a1f239805fff9018 + +https://preview.redd.it/pkdoulkfcmv81.png?width=1200&format=png&auto=webp&s=43bbbf4874348f8069e95c572bc519dfe2dab7e7 + +* China CSRC Vows to Ensure Stable Operation of Capital Market +* China’s Plunging Markets Trigger Capital Flight +* Debt Insurance Costs Jump as Market Gauges Risk of Hard Landing +* Chinese Developer Shimao Sued by OCBC Over Outstanding Loan +* China Needs ‘Rapid’ Policy Steps if Any Market Rebound to Last +* Times China Says It Has Repaid Dollar Bond Due April 20 +* Evergrande Unit Plans Creditor Meeting on Payment Extension +* Zhenro Gets Approval to Extend Repayment for Bulk of a Yuan ABS + +\_\_\_\_\_\_\_\_\_\_\_\_\_ + +*Sources:* + +[https://www.bloombergquint.com/markets/payment-extension-proposal-zhenro-approval-evergrande-update](https://www.bloombergquint.com/markets/payment-extension-proposal-zhenro-approval-evergrande-update) + +[https://www.bloombergquint.com/china/china-s-restructuring-firms-staff-up-for-record-wave-of-defaults](https://www.bloombergquint.com/china/china-s-restructuring-firms-staff-up-for-record-wave-of-defaults) +I'm not sure why this is flying under the radar. This seems extremely bullish for bitcoin. + +At the Consensus event - Wednesday 16th at 9:10am Microsoft will be presenting the following: + +"DECENTRALIZED IDENTITY FOR A DECENTRALIZED WORLD + +Empower users to own and control their Identity. In this session Microsoft, along with Sovrin, Blockstack and uPort will share why we need Decentralized Identity. We will share proof of concept from first set of proposed standards and challenges ahead with a decentralized identity experience for everyone and everything." + +The idea behind this is for people to own their own identity (and property) information rather than having corporations holding your details and having to verify every user. This is an extremely big industry and costs user and corporations heaps in security, verification processes, customer service etc.. + +I believe this is going to be built [primarily] on the bitcoin lightning network. Microsoft have already released the following: + +"To support a vast world of users, organizations, and devices, the underlying technology must be capable of scale and performance on par with traditional systems. Some public blockchains (Bitcoin [BTC], [E TH], [L TC], to name a select few) provide a solid foundation for rooting DIDs, recording DPKI operations, and anchoring attestations. While some blockchain communities have increased on-chain transaction capacity (e.g. blocksize increases), this approach generally degrades the decentralized state of the network and cannot reach the millions of transactions per second the system would generate at world-scale. To overcome these technical barriers, we are collaborating on decentralized Layer 2 protocols that run atop these public blockchains to achieve global scale, while preserving the attributes of a world class DID system." + +Source: https://cloudblogs.microsoft.com/enterprisemobility/2018/02/12/decentralized-digital-identities-and-blockchain-the-future-as-we-see-it/ + +Clearly bitcoin is way ahead with second layer solutions (lightning network) and will therefore be the strongest candidate to run this system. + +Verifying this, the lead microsoft developer, Daniel Buchner, tweeted this morning; + +"I was intro'd to Bitcoin in early 2011 by a good friend at Mozilla. That year I started working on a proposal called Firefox Handshake, a vision for decentralized apps/comms based on Bitcoin-anchored decentralized IDs + +Now, in May 2018, we're at the tipping point of inevitability" + +source: https://twitter.com/csuwildcat/status/995796810827517952 + +When Microsoft releases this on the bitcoin network it will boost community and institutional confidence that bitcoin is still the leader in crypto development and has the strongest and most distributed blockchain. + + +Daniel's tweet hints that this system is close to being released + + +TLDR: Microsoft will soon release a decentralized identity system which will likely be built on the Bitcoin Lightning Network. + +Edit + +Also another juciy tweet from daniel + +"@shanselman you do realize we - the very company you work for - are using [Bitcoin] as one of the foundational elements in a decentralized identity system folks from all corp levels (to the Cs) view as one of the most game changing innovations in the history of identity technology? + +And I'm not talking about 'blockchain tech' in general, I mean we are using the actual Bitcoin chain as one of the supported, foundational element of this upcoming identity platform." + +Source: +https://twitter.com/csuwildcat/status/944524657348055041?s=19 + +Edit 2: +Looks like lightning network may not be specifically inolved here but is actually using "chainpoint". + +https://www.reddit.com/r/Bitcoin/comments/8j8pd0/microsoft_bitcoin_lightning_network_decentralized/dyydje8?utm_source=reddit-android +So I’m down about 85% on GME right now - whatever it’s the smallest individual stock investment I’ve ever made. The funny thing is that one of the ETFs I bought into through my semi-managed super fund lost 99.8% of its value. + +I have no idea how this happened as I check them maybe twice a year. I have diversified across 5 different ETFs and thankfully this one in question was only about $15k in it. + +What I REALLY want to know is how a “professionally managed” fund that I pay administration fees for, manages to lose 99% in a year. To be fair I didn’t do much DD when I allocated to the ETF but it was called “Hedged International Equities” and now I’m wondering if they shorted GME at $10 or something stupid. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Anybody watching the gains on this today? I hold NVX and always thought LKE is a proxy for NVX so never bought but finally fomod in at .073 today. My feel is just a battery day pump and also maybe running off Scomos energy stuff? Whats happening...? +[https://news.yahoo.co.jp/articles/8415de767e6dc1fc0ff9e7970f70128d5988e526](https://news.yahoo.co.jp/articles/8415de767e6dc1fc0ff9e7970f70128d5988e526) + +You've seen greek, now try japanese +Hey boys, just got my first paycheck at my new job and I am looking for some absolute rocketships. Can you guys recommend the best penny stocks that have the potential to turn into Tendie machines? + +Currently have TNT, 5GG and NVA on a shortlist but an open to anything +Something I’ve learned over the past few years dealing with crypto is to pull your profits and keep them in stable coin or whatever currency you’re buying with in order to take advantage of big dips like we’ve seen over the last few days. + +I’m not a big investor but my one full ETH was made possible by doing this. When you’re pulling $20 here and $50 there it doesn’t seem like a lot, but when we’re bullish like we have been for the last year or so it really adds up. It’s always good to have some sort of stable crypto/fiat to use when the market tanks. + +The people who make the most off this buy when everyone else is selling. Something to think about. +Cathie Wood, the chief executive of Ark Invest who has high hopes on BTC and Tesla has predicted that the price of BTC will increase 10 fold , if companies continue to diversify their cash into Bitcoins and if investor's start start allocating atleast 5 % of their fund's, it would be at 500,000 instead of 45k. + +Countries like El Salvadore which adopted BTC as official currency alongside US dollar and Ukraine which is planning to adopt BTC as it's currency would lead to massive Crypto surge. + +What are your thoughts on this ??? +So probably the most unluckiest of situations happened to me yesterday. I just leased a new Hyundai Elantra 2021 and on the way from driving it home from the dealership I was rear ended on the freeway and was pushed into the car in front of me. Needless to say both the trunk and front were completely totaled. I'm unsure what happens from here though. I paid $4k down (including first month payment) and I have GAP insurance. My dealership told me to get the check my insurance and to proceed from there. I was wondering how much money I'd likely end up losing after insurance check and GAP insurance kicks in. +After almost 10 years of marriage and trying to figure out if it's ethical to have a child in these uncertain times we decided “screw it we need someone to take care of us when we’re old and senile” and made a beautiful baby. + +Jokes on us though because this little guy just threw us a curveball: we’ll be taking care of him when we’re old and senile. He has a rare genetic condition, he will never talk, he will most likely struggle to learn to walk, and he will be mentally impaired his entire life. He won’t work and will need 24/7 care. + +Needless to say we are heartbroken and scared and overwhelmed. + +We have a lot to learn about how to care for him. Plus, the responsibility that I had been feeling to set him up for success has now increased ten-fold. + +I feel that we are well off, but not so well off that we will automatically end up with enough money to leave our son for his entire life. I definitely want to start making a plan now to improve his odds for a happy a full life with the best care possible. + +So here’s a run down of our financial situation: + +* Age: 33, wife is currently not working (and perhaps never will given our situation) +* Yearly Salary of $195K. +* Tax-Advantaged Retirement Savings: \~$250K +* Automated monthly retirement savings: $1800/month in 401k (no employer match ATM) +* Owe about $260K on a house worth at least $550K (for now). + +We were on track to enjoy a nice lifestyle over the next 30 years of working and then have a comfortable retirement, but I think we need to reevaluate a little to make sure we can provide for our little one, especially considering that we will have increased pressure to save a large sum and increased expenses to care for his physical and medical needs. + +So here are some questions I have bouncing around, but mostly I’m looking for advice from anyone that knows anything about situations like this since this is all very new for us. + +1. How can I find out what kind of government benefits my son *should* get when he turns 18 (assuming the world doesn’t fall apart by then)? Does it make sense to move states either now or when he’s 18 to maximize government benefits. Any good resources for comparing states? +2. Logistically, how do I leave him money? Seems like a trust is the right answer, but does it make sense to set this up now and start funding it right away, or just make sure it exists and gets funded when my wife and I die. How do I make sure the trust money is used to get him quality care that will last his entire life? +3. I was planning to sign up for term life insurance, which I understand is typically the best choice, but does anything about our special situation make whole life insurance a more attractive option. (I’m guessing I’m still just better off investing the extra money rather than spending it on an expensive premium, but just wanted to make sure). +4. What (if any) professional services should I be using now? Lawyer? Financial Adviser? +5. Any other advice? + +Our child may get a little sibling someday (as this was the original plan), but only when we’re absolutely sure we can raise that child without any resentment for their older brother AND that we can meet our required savings goals. I have no expectations that a hypothetical younger sibling should help carry the financial burden after we are dead and gone. + +Edit: + +Thank you all very much for the advice and support. I really appreciate it, I’ve learned about a lot of resources and things to look into. + +Also, I was completely joking about having a kid to take care of us when we are older, I’m sorry, that comment seemed to distract from the rest of the post. +The main reason people buy stocks so that they can generate returns on the amount they invest. When company pays dividend shareholders get income. A regular dividend paying company is a source of passive income. This is a very good reason to buy stocks. One more way of getting return on your invested money is when company buy backs its own shares. If the business is growing, its share price would also increase. Because with growing business it can pay higher dividend or would be able to buy back at a higher price. + Let's take a company as an example whose business is growing at a healthy rate(generating profits & positive cash flow) but doesn't give any dividend(very low yield) or not planning a share buyback. In that case why should anyone buy a stock of that company? + The most common reason people buy stocks is that they can later sell it a higher price to someone else. My question is why would anyone buy a stock which is not generating any meaningful income? Are there any other ways than these two by which shareholders get a return or it's just a greater fool theory in action. +Governments across the globe is encouraging more investments in EV and renewables. + +Saudi Arabia themselves are investing heavily in renewables and building a service based economy. + +So why a 15B$ investment in Reliance ? +Naval Ravikant is probably the most admired angel investor in Silicon Valley. [Here's](https://twitter.com/naval/status/877467629308395521) what Naval had to say about blockchain in June on Twitter- worth a read. He clearly sees the value in blockchain. + +The respect he has for Vitalik was palpable in today's [interview](https://youtu.be/WSN5BaCzsbo). If you haven't already watched it, you really should. + +I dug up [this old article](https://www.forbes.com/sites/petercohan/2012/02/06/angellist-how-a-silicon-valley-mogul-found-his-passion/#5db125bebbe6) from 2012 on what Naval looks for in entrepreneurs to invest in: + +- How smart is this entrepreneur? +- How committed is he/she to making the venture a success? +- How good is the start-up's team? +- How much mastery does he/she have for the market? +- Is he/she passionate about the start-up's business opportunity? +- Does he/she have integrity? +- Is he/she hard-working? + +I know of at least [one guy](https://about.me/vitalik_buterin) and one team who excel at these. Can you think of any leader / team in the space who would score higher? I can only say that I know of plenty who don't even come close. + +Naval [closes out](https://youtu.be/WSN5BaCzsbo?t=25m7s) the interview saying: + +> "Learn everything you can about Ethereum, because it really is very much the future in cryptocurrency." + +**That's the most important takeaway from that interview for me.** Naval knows what he is talking about and has an amazing track record. Bet against him at your peril. +ok so i'm a HODLER from germany, 100% into ETH and going to hodl that stash of mine for at least 12 months, as this is when it should become exempt from capital gains taxation, if i am informed correctly - income tax will of course kick in (right?). +but then what about trading/swapping coins in the meantime (never done that tho)? i've read a few times that each of those could/will be seen as a taxable event, too, of course depending on your local rulings etc - but then how would that even work? how would the taxman know who traded what, where and when? by directly targeting the registered exchanges and their databases and logs, i guess? i can't really see any authorities other than the IRS going that route anytime soon - or would that be an overly naive line of thought? + +as for german (or other) authorities: how would they be aware of anything else than (suspicious) fiat movements on my bank account(s)? and in case of me withdrawing fiat via an exchange onto my bank account: how could i legitimately claim how "old" the coins are, and that they hadn't been traded/swapped or whatever? i'm at a loss here really.. + +can anybody chime in and enlighten a fella here? what am i missing? would be much appreciated. cheers! +It feels so archaic to me that the stock markets close for nights and weekends. These markets, the great engines of capitalism that are all-important to society as we know it, just... close? It seems the same to me as, say, logging into Amazon to buy something but finding the website shut down until Monday. It seems preposterous in the digital age. +This is just a reminder that checking your state's unclaimed property websites should be something you do periodically if you move frequently or recently. I recently checked out the unclaimed property website for my state and found a life insurance payout from a parent who passed away. They never tell you the total amount until you get approved for payments after they verify your documentation. It only told me it was over 250 bucks and it turned out to be over 30k. They also approved a couple of small refunds I had due from other services for under 20 bucks. If you move, make sure you have documentation of the old address on hand to provide proof of living at that address. + +Edit: I am really glad I posted this on here, be cautious of scams and try to work with your state department for this directly if possible. Some people posted some additional links to make it easier to find in other places. Glad to see so many people finding money they didn't know existed or that this was a thing! +(copy of [this post](https://community.monzo.com/t/revolut-feedback/29037/748?u=foobar) made on Monzo forums since Revolut has been deleting the threads and posts) + +I've been using Revolut for more than 1 year, became a Premium user fairly quickly, and grew displeased with their service from most respects, from technical to customer support. It seems like a great product at first, but then turned into more hassle, to say the least. Some details of my experience with Revolut can be found in the links below. + +### First criticism - double spends, withheld funds, failed top-ups and payments: + +1. https://community.revolut.com/t/charged-twice-for-a-unsuccessful-airplane-ticket-payment/47043/39 ([saved PDF version, 2018-08-11, my post starts on page 10](https://www.scribd.com/document/385950321/Revolut-double-spends-withheld-funds-failed-top-ups-payments)) + +### Second criticism - absent customer support +Created a thread about absent customer support that my wife had been battling after having her account (and hence funds) locked when trying to top-up: + +2. https://community.revolut.com/t/account-locked-customer-support-deplorable-more-than-60h-and-counting/52024 ([saved PDF version, 2018-08-11](https://www.revolut.com/help)) + +### Third criticism - censoring (resulted in even more censoring) +I wanted to update the above 2nd thread with new information, but noticed that Revolut deleted at least my last message in this thread, then locked and archived the thread. The post simply said, from memory (which is not fuzzy): + +> Seems I should have posted a Reddit review as well + +Yesterday I created a 3rd thread to complain about this censoring attitude, titled _"Thread locked and posts deleted ... really?"_: + +3. https://community.revolut.com/t/thread-locked-and-posts-deleted-really/54602 + +After about 1h the thread was already accumulating Likes (I saw 4) but today, less than 24h later, I noticed Revolut has deleted the thread entirely. The thread was saying, from memory (still fresh): + +> I posted this: https://community.revolut.com/t/account-locked-customer-support-deplorable-more-than-60h-and-counting/52024 +> +> I was about to post an update regarding the situation, when I noticed that at least one of my messages in there was deleted, and the thread was locked and archived. The message that was deleted said "I guess I should have posted a Reddit review as well", nothing more. +> +> It's great to see Revolut embracing free speech and criticism. Congrats. +> +> Should I now be worried that my account will be banned and blocked too? + +Right. I was already not relying on Revolut after all the instances of account blocking, failed payments and top-ups, withheld funds, and very poor customer service ... but censoring criticism is a new level. Sure, my messages were critical, though not as critical as others I've seen on their forums, and did not contain foul language. I would have normally followed up by sending a letter to the CEO, but this censoring is indicative of a concerning (to be polite) company attitude and policy, given their forum moderators are Revolut employees, not volunteers. + +I'm posting about it here in order to raise awareness and because it would have been be deleted again had I re-posted in Revolut's forums. I may now actually post a Reddit thread, and may still write a letter to the CEO. This time I did save and printed threads 1. and 2. + +I maintain the opinions I expressed in 1. and 2. above, about Revolut as a company and product, and now I can add further disappointment seeing Revolut trying to hide the extent of the problems surrounding their product, services and company. How much further could Revolut have strayed from their own motto "better than your bank"? ... hopefully they don't take this rhetorical question as a challenge. + +EDIT: Also, googling “Revolut censoring” or "Revolut censors" finds similar reports. Feel free to spread the word in the interest of awareness. +Hopefully anyone still unsure of what NFT's mean for their future everyday life can glean some more understanding from this post. Fundamentally NFT's are a means to revolutionize financial transactions and commerce. + +The most obvious advantage of NFT's over other non blockchain means of asset ownership, think [Walled Gardens](https://en.wikipedia.org/wiki/Closed_platform) like Apple and Steam, is that NFT based systems can provide more utility and value to both traditional consumers and producers using these kinds of systems while cutting out much of the bloat and waste of middlemen. Middlemen like Steam and Apple's Itunes(is that what it is still called?) will be forced to change relationships with their consumers and creators. + +When the consumers learn that they can sell their Shakira album after they get tired of it, more will start preferring all of their new albums or songs as tokens and will migrate to digital fronts that offer them as NFT tokens. *You could gift it to a friend, or even loan the token out with a smart contract and have it function like a rental. + +Creators when going to sell their work, be it an mp3 of their new song or the video game their team just finished, instead of going through a publisher who negotiates with Steam on your behalf or just going with Steam's cut of the sales of your game they can opt instead to release their games as NFT's and not worry about esoteric or shady contracts. If Apple is going to continue to take 30% of my game's revenue from me I will likely incentivize my audience to buy it from me directly as an NFT instead. The creator can also opt to get royalty fees on future transactions of their NFT as tokens get traded among the market. For you technical people out there who are going wait a minute who is going to actually be sending me this digital content to download, [peer to peer systems](https://ipfs.io/) are going to become ubiquitous and more reliable/fault tolerant than even the most robust centralized hosting platforms. + +The endgame with this facet of NFT's is that the Apples and Steams of the world start to lose their power and are forced out of the mainstream and eventually relegated to becoming boutique experiences, whom will likely be forced to adopt NFT's anyway. The mainstream consumers and creators are going to gravitate towards decentralized marketplaces and hubs where low costs are priority number one. + +Establishment Walled Gardens cannot compete with the NFT model of asset distribution. To even offer the same services sans NFT's creates mountains more overhead. For example, they have to worry about more contracts to manage their garden's walls, that means you need to have more lawyers, you need more accountants, you need more admins for all the things your workers are doing, you need more HR people to do HR things for the extra people. You need Finance people to make sure there is liquidity in the system to support your customers' trades on your marketplace and people to manage it. You need auditors and managers to make sure all these extra people are doing things correctly. You have to worry about having the capital on hand to facilitate all of this and the projects to source that on occasion. The list goes on. Obviously large businesses have lots of this already, but tokenization on blockchain can cut a lot of of these needs out of the picture substantially. Businesses or independent creators that just take the simple route and adopt NFT's don't have to bake those costs into the product they are offering and offload that onto their consumers. The users of NFT's will be able to offer a less expensive product than the ones that don't use NFT's. + +This is just scratching the surface of a few facets of NFT's but they have major uses in other models of corporate/business structure, law and government administration, equities, real estate, social media, security, probably everything to some degree with how connected everything is. Wall Street will be compressed and contorted in the most satisfying way. + +NFT's will be more transformative than the widespread adoption of the internet and maybe even personal computers when it comes to the structuring of our economies and the jobs our white collar laborers do. NFT's will eventually connect everyone and everything of value to one another with an open, secure, immutable standard. The gatekeepers that currently connect and arbiter our participation in society simply won't be able to compete. The tech giants that rose to power with the advent of the personal computer and internet like Google, Microsoft, Amazon, Apple, the ones that write our laws, the ones that shape public discourse... they will be made obsolete and eventually powerless if they do not compete with and adapt to the advent of blockchain. + +The people opposing NFT's and blockchain are similar to the ones opposing cars when people were already so privileged to have horses and should just be happy with horses because horses are so damn cool and cute and friendly... horses are good enough damn it just stop talking about cars please. + +This technology opens up fundamentally new paradigms and enables efficiently scaling markets that simply cannot be competed with. The people telling you that blockchain isn't doing anything that cannot be done with nonblockchain solutions are terribly ignorant or are bad faith actors. + +TLDR; NFT's will change how financial markets and commerce work at fundamental level and current solutions will not not be able to compete long term. +Don’t use margin. Don’t gamble more than 10% on shitcoins. + +When it crashes, don’t sell the reds. Buy the fucking dips. + +Spending more time ≠ making more profit. +Stop trading. Technical analysis is an illusion. + +Don’t bug your friends about crypto. Don’t check the charts after waking up. + +If you’re getting excited about coin prices, your life’s getting too boring. + +Did i say don’t use margin? +I’d like to see 76 million shares DRS’d by individuals. No shares available for any ETF, mutual fund, broker, or SHF. At that point, dark pools and internalizing orders goes away. Want to buy more GME? You would have to Bid high enough for another GME holder to sell. And good fucking luck with that. + +Would the NYSE allow a 100% DRS company’s stock to trade? Would MMs stop making a market? Would we see true price discovery? + +LET’S FIND OUT. +Every now and again, I see posts here questioning the RE part of FIRE, and how people can't imagine their lives without doing some type of job. While I think that is certainly true for some folks, I have my doubts as to whether the majority of us feel that way. + +Yes, some people do feel a need to be productive to be happy, and derive their purpose and satisfaction from doing a job. However, to check whether you fall into that category, ask yourself the following questions: + +* If you knew that you only had a year left to live, would work still be a high priority in your life? Would the pursuit of money still be important to you? + +* If you weren't getting paid for your job, would you still show up? (If your job entails volunteering, you know the answer to this question already; I'm directing this at the wage slaves.) + +For me, work =|= meaning/purpose. While my job may offer some ancillary non-monetary benefits, I'm under no illusion as to why I wake up to an alarm everyday to go to work: to get paid. As I get closer to FI, every morning that I have to get ready for work I think about the other stuff that I'd rather be doing that day: hitting the gym, cooking healthy meals, attacking items on my never ending to-do list, learning, spending time with loved ones, sleeping, relaxing, traveling, and if I still have time & energy remaining after all that, I wouldn't mind doing **some** work. + +Am I off the mark that this is how most of this sub feels? Discuss. + +Edit: fixed typos/grammar. +I have been following the fire community since I was 19. I have always been interested in money since about age 16. Taught myself everything I have learned about investments, taxes, retirement savings, etc. Started my ROTH IRA when I turned 18 and had my first full time job. I am a 6 year college student graduating soon due to part time semesters and working between part time and full time. It is possible to get through college without owing anything. I worked really hard in high school and got pretty good scholarships which reduced my cost of college by 60%. Attending a in state college with not horrible tuition and make up the difference through work while living at home and commuting. I currently pay all of my own bills besides car insurance, and have an excellent credit rating. My parents don't contribute much at all towards college. I have managed to save 45k in my ira and about 20k private investments plus some emergency savings. I drive a 20 year old car and taught myself how to work on it. I am just saying here that it is possible to get through college without debt, ( or not a ridiculous amount), save for retirement, and live a somewhat decent life all at the same time. It just takes a lot of perseverance and hard work. I learned a technical trade out of high school so i have never made a minimum wage, but I also don't make "good" money. Getting good scholarships, spacing out your education, commuting and living at home, and working with some right scenarios can definitely get you out of college with money to spare. It drives me nuts how students think 100k student loans are normal while living in high end dorms or apartments, driving nice cars, going out all the time and spending lots of money on frivolous items, eating out all of the time and having "high end" meal plans are all normal. I was never taught financial literacy but learned it all on my own. My mother is good with money but keeps it very private so I never learned much from her. For those of you in my age range, it is possible! Moving into a good career soon so I'm hoping by around 50 I can permanently FIRE and enjoy it! +A short bit of background to give context on my personal situation... I’m mid 30s and in the past 7 years have gone from having a zero net worth and being generally rubbish with money, to being 3 years off my FIRE number. My approach to FIRE is very much equal parts being smart with finances as well as learning to be happy with less / being grateful for what I already have. I don’t have many outward signals of wealth with the significant exception of a big house in a nice area that I own outright with my partner. In large part because of my housing situation my savings rate is crazy high, typically c.90%. Both my partner and I come from working class / lower middle class families and have worked for everything ourselves. + +I have a full time job which I actually really enjoy, to the extent that I’m considering not stopping work at all and maybe just cutting down my hours, but that’s for another time. I feel very blessed to be in the position that I’m in, and am excited about seeing through the next few years and discovering what my life will look like when I don’t strictly need to work any more. + +That said, over the past few years something has been bothering me more and more, which is how my situation has impacted on my friendships and family relationships. + +The most direct problem, although for me the easiest to deal with, is a couple of family members have pieced together how relatively well off I am and have tried to manipulate me into funding luxuries that they feel entitled to. I’ve approached this by being pretty direct about not giving/loaning them money in these situations and if they’ve continued to push it I have distanced myself from them. Thankfully most of that behaviour is in the past. + +The more subtle problem is that I’ve found that my wealth and the approach I take to living my life has made me more distant from friends and close family, and feels like it stops me deepening those relationships. + +I think part of this stems from the basis of these relationships being rooted in a shared struggle - bonding over the trials that come up in day-to-day life that almost everyone experiences - worries about losing a job, an unexpected bill, a car breakdown etc. The problem is that by and large I just don’t have these kinds of worries any more, so at best I can offer a listening ear, and if I offer my thoughts or advice I worry about coming off as patronising. I feel on edge during these kinds of conversations now because I feel like I’m constantly having to check my privilege! + +The reverse dynamic is also in play - the worries that I used to share in conversations 7 years ago no longer really exist for me any more, so it feels like I miss an opportunity to talk about what’s going on in my life. I’m really content and if I worry about anything they’re the kinds of things that are completely unrelatable for most people, like “I worry that in a few years if I were to stop working I might lose a sense of meaning and direction in my life”, or I worry about the subject of this post! I’m smart enough not to share these thoughts out loud as I don’t think it could come across in any way other than being smug and self-satisfied. + +I also feel wary about developing new friendships for similar reasons. I’d love to meet people who have a similar outlook or are going on a similar journey, but even though my approach to life feels really sensible to me it’s still kind of, counter-cultural I suppose? + +I feel uncomfortable even writing this post as I feel like wow, what a nice problem to have that your life is going so well that you are down to worrying about this kind of crap, but here we are...! + +Does anyone else relate to this kind of dynamic and have any tips on how to navigate it? I’d honestly really appreciate it. +TL:DR 💎🙌 = 🦍🚀but read anyways. + +My monkey brain has been reading wsb far to long and I decided to put together a quick list of reasons why I think the squeeze will happen (or not, fuck you I lick doors), I sourced everything so that if you learn to read in the next little while you can give it a shot with those. This is not financial advice, I am not a financial advisor. + +A) GME has been on the NYSE Threshold Securities List for over 35 days. The streak of FTD (Failure to deliver) of shares continues. Where are the shares? + +* [https://www.reddit.com/r/wallstreetbets/comments/la8ox3/at\_these\_levels\_its\_not\_about\_the\_price\_of\_the/](https://www.reddit.com/r/wallstreetbets/comments/la8ox3/at_these_levels_its_not_about_the_price_of_the/) via /u/peteskies +* [https://www.reddit.com/r/wallstreetbets/comments/lac6gk/sec\_data\_out\_they\_dont\_have\_shares\_to\_settle\_so/](https://www.reddit.com/r/wallstreetbets/comments/lac6gk/sec_data_out_they_dont_have_shares_to_settle_so/) via /u/tendy_capital + +B) The last 3 trading days have had abnormally low volume. It's not coincidental that when the sentiment for $GME is at its all time high and price mooning, trading is/was being suppressed. Last week was an obvious attack on retail investors ability to purchase shares and gatekeeping from upward momentum. An obvious tell that they would and did incur massive losses. + +* Sentiment: [https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment](https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment) +* [https://www.reddit.com/r/wallstreetbets/comments/laa0q9/this\_is\_what\_holding\_the\_line\_looks\_like\_look\_at/](https://www.reddit.com/r/wallstreetbets/comments/laa0q9/this_is_what_holding_the_line_looks_like_look_at/) via /u/burninmedia + +C) Since then we've seen Short Ladder attacks everyday to force stop losses and paper hands in order to cover as much as they can. We saw on full display the perversion of MM's/HF's trying to fuck the average joe for their negligent behavior. We've recovered every time. This is an orchestrated attack. This could of ended long ago if they just covered. + +* [https://www.reddit.com/r/wallstreetbets/comments/la5upr/dont\_panic\_and\_just\_look\_at\_the\_fucking\_volume/](https://www.reddit.com/r/wallstreetbets/comments/la5upr/dont_panic_and_just_look_at_the_fucking_volume/) /u/helmu + +D) Brokers no longer have shares to borrow for short sale. + +* [https://twitter.com/AlphaRRCapital1/status/1356277059945955330/photo/1](https://twitter.com/AlphaRRCapital1/status/1356277059945955330/photo/1) + +E) Speculation that the shorts have been trading counterfeit shares, this isn't a unique situation and I wouldn't be surprised is this is happening. They could be trying to cover their tracks of this as well as prevent catastrophic losses. + +* [https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the\_real\_reason\_wall\_street\_is\_terrified\_of\_the/](https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/) /u/johnnydaggers +* further reading: [http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html) + +F) The losses incurred should strengthen your convictions about the thesis of $GME. Melvin needed to be bailed out, RH CEO lied publicly about liquidity and required a bailout today. I'm sure more will also be taking further losses in the days/weeks ahead. HOLD STRONG, they are trying to bait you through volatility, disinformation and attrition/fatigue. We are gamers HOLD STRONG, consider this a time-gated mission before getting your legendary weapon. + +G) The aggressive and blatant ramp-up of disinformation through media is immensely revealing. The billionaires are scared and getting their stooges to throw all the FUD at the wall to see what sticks, to ensure we don't hit the "grand slam" as Cramer put it. They are shilling silver (perfectr example), stating arrogantly that reddit is in on silver while out of GameStop ,or both (the swaggystocks sentiment tracker shows the complete opposite) and finally of course saying last week that the shorts are covering. Today's media was down right egregiously incorrect. + +* [https://i.redd.it/hqyf4qyxhwe61.jpg](https://i.redd.it/hqyf4qyxhwe61.jpg) /u/giov1234 +* [https://i.redd.it/fj495vh52we61.jpg](https://i.redd.it/fj495vh52we61.jpg) /u/spylord5 +* [https://i.redd.it/wuapmjpvcve61.png](https://i.redd.it/wuapmjpvcve61.png) /u/ItsLotsofLead + +H) A large amount of January 29, 2020 calls (strike 115-325) finished itm. These shares will require fulfillment by tomorrow. This is a huge amount of obligated buying pressure. + +I) Bloomberg terminal still showing over 120% SI. However there will be a clearer update of the short interest in the coming few days. I want to say the date is Feb. 9, 2020. IMO shorts have not covered. + +* [https://www.reddit.com/r/wallstreetbets/comments/laadzm/heres\_the\_full\_image\_from\_bloomberg\_terminal/](https://www.reddit.com/r/wallstreetbets/comments/laadzm/heres_the_full_image_from_bloomberg_terminal/) via /u/aBetterNation + +J) FINALLY, THERE IS ONLY ONE GME. NOTHING ELSE REPLICATES THE CONDITIONS. I LIKE THE STOCK AND RYAN COHEN. FUNDAMENTALLY I BELIEVE GME WILL REPLICATE CHEWY. ALWAYS HAVE A TARGET BUT I'M HOLDING. THIS IS A WAR, WE CAN REMAIN RETARDED THAN THEY CAN REMAIN SOLVENT BUT THAT STILL MEANS IT TAKES TIME. DONT BE PAPER HANDED AND STAY RESOLUTE. + +I believe that these 10 factors are converging and I'm holding. + +TL:DR 💎🙌 = 🦍🚀 + +Disclosure: Been in since $<20 and have 2023 LEAPS. + +If anything information is inaccurate and you have supporting information, I will update and add edits accordingly. +I don't know if this will help anyone or if it even belongs under this sub, but here goes. + +I'm 30 and work for $14.00 per hour (USD), luckily it's full time. My SO makes $14.00 as well, also full time. We live in a nice, safe part of town. There are much worse (read: unsafe) places to live here in Orlando. I don't have to worry about my SO (f) going for a walk at night alone, I don't have to worry about leaving my window open to my bedroom at night, etc. + +We live in an apartment that costs $1680.00 per month. It's 3 bedrooms and it's split 3 ways among 5 people, so it's about 560 per "room". Myself and my SO, another couple, and a single guy. I've known these people for a few years prior to renting together, but surprisingly, we all met on Reddit. The rent is way cheaper than if I lived with my SO only. There is NO where I would want to live in town, and feel safe, that's $560 per month! + +I cook for everyone and do my best to keep the total cost under $425.00 per month for groceries -- I do a pretty damn good job of it too, which means that on average, each "room" pays about 35-40 per week in groceries. ------ Cheaper than if I lived with my SO only. My strategy is to only plan for dinners and lunches. Lunches are usually leftovers from dinner that are easy to take to work. If someone wants to buy breakfast items, that's on them. + +- Get some glass containers, ours are pyrex and they are amazing. PACK Lunches - Don't go out!! + +We split the utilities. Here in Orlando, it gets hot. The electric was $202.00, or just under $70 per "room" and I know that come July and August, it will be slightly higher. Still, it's cheaper than if I lived with my SO only. + +And I can go on with other ways we save.. but we all work together to actually save money. I manage it all, however. I pay all the utilities, rent, etc. We use a cash app to request payments / send money, etc. A few of my roommates aren't great with money, and me managing these things has helped them a lot, but to each their own. + +If you are struggling with things, it may help to share the responsibilities with other people. + +Do I wish that I was living with my SO only? Yes, 10000% yes. But, I'm going to have both our cars paid off by this time next year. We just paid for our wedding in full, in cash (getting married in September). and other than about 50k in Student Loan debt between us, we will have no other debt (once those cars are paid off) and should have about $15,000 added to our savings. + +We both know that it won't be a permanent living arrangement, but it's giving us a leg up right now to pack away savings, pay off debt, etc. + +My advice is to keep your head down and power through your issues with a clear mind, thoughtful consideration to where you want to be in a year, 2 years, 5 years... and do everything you can to make it happen. The people I live with are great people, but it still sucks to live with other people. But I'm keeping my head down and watching my bank account grow and my debts drop away. + +I have always bought cars with cash up front used. But I'm friends with a car dealership finance worker who says that the car payments typically work out to about 20% of take home pay because they qualify people for loans with pre tax income. + +I feel this is predatory and he is biased because he makes commissions on larger sales. Am I weird and just don't understand the economics of buying a new car? + + +Edit: I'm sorry I meant car everyone. I do understand that cats do not need financing. +NY Times: https://nyti.ms/2K8Jjxw +Treasury department may skirt legislature and declare investors can apply inflation to cost basis (ex, buy 100k of stock in 1980 and sell for 1M today, original purchase price would get adjusted to 300k, so now you pay capital gains on 700k, not 900k). + +While this would be awesome for people in this sub, Treasury Dept might not have authority to do so, and would probably get rolled back relatively quickly. It might even swing the pendulum to the other side and lead to increased capital gain tax rates. Also, if it is implemented, could lead to a big sell off as investors take advantage of what could easily be a limited time opportunity. + +What do you think? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I have a fair amount of cash in my 401k so this wouldn't take even 20% of my invested money. I don't want to work until I'm 60 so should I do it? Looking for some good feedback here. +Welcome to the Weekly ICO 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 current and upcoming ICOs. + +*** + +Enjoy! +Rumor goes that Berry Silbert never actually bought any ETC, which is a stupid thing to do as long as the attacker and the ETH foundation can dump ton of it. Folks over at coinchat.club have been making the point he may be short ETH which is where the real money is. +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! + +At the time of writing, Bitcoin trades around $54,400 having climbed as high as $58,400 earlier in the day. Right now, I see some new people panicking, and some asking whether the bull run is over. + +When in doubt, zoom out. + +&#x200B; + +[Bitcoin Historical Chart](https://preview.redd.it/7177cl0dtno61.png?width=808&format=png&auto=webp&s=74d847099fac161995b177e0bc1dac5f9b3a6fe2) + +For one thing, the current dip is only a blip on the chart and will only require a few green candles to put it back where it belongs. For some context, Bitcoin traded at exactly the same price last week and even dipped just below $54,000. + +For the long-term, take a look at where 2017's epic $20,000 bull run is, and you'll understand that this is a long-term game + +If you're worried about today's dip, then there's a chance that you're over-leveraged. Only invest an amount you can afford to lose. That way you can enjoy Bitcoin's rollercoaster ride en route to the top. + +Given that the last run gave us five-digit BTC, there's a chance we'll see a six-figure BTC price by the end of this cycle. Don't trade that for a $4,000 price dip. + +HODL on! +If you planning to watch court stream, then its probably better to use official youtube court stream. + +[https://www.youtube.com/c/USCourtsCADC/featured](https://www.youtube.com/c/USCourtsCADC/featured) + +&#x200B; + +United States Court of Appeals for the DC Circuit + +Monday, October 25, 2021 **9:30 A.M. USCA (Live-Stream)** + +Judges Rao, Walker, Sentelle + +Case#: 20-3025 USA v. Arnold Jackson (10 minutes per side) + +Case#: 20-7054 United Mine Workers of America v. Energy West Mining Company (10 minutes per side) + +**Case#: 20-1424 Citadel Securities LLC v. SEC (10 minutes per side)** +Just noticed I owed paypal credit $4 but had never applied for a credit line with them. I almost always pay with debit. + +If you click through your puchases in sort of auto mode be careful. Paypal credit is showing up as the default for me on eBay even though I currently have a BALANCE with paypal . + +I see a lot of people who dont shop online often doing this and then forgetting to pay it, easy set up for fees. + +EDIT: There is no sign up for this, so I do not think it counts as a hard credit check. I checked credit karma and there were no new inquiries. They went from pestering you to sign up to making it the default payment option- just deciding to extend you credit. + +Edit 2: some people reporting it shows up as a hard hit on Equifax. u/bigdaddynastypants reports it showing up as CCB/PPC + +Edit 3: i probably 'applied' without paying attention, maybe even entered last 4 social. certainly not deliberate, just that sorta autopilot you do on internets with accounts you already have. +Hi UKPF, + +Just wanted to share a small realisation that I made this afternoon: + +Today I switched from Vodafone to GiffGaff for my mobile data plan, saving myself £9 a month in the process (yes, I was getting shafted). This works out at about twice the amount I have earned by switching my ~£7k emergency fund to a higher interest rate account at 1.2%. + +Point being, I wish I had picked the low-hanging fruit first! It took literally 10 minutes to switch network and I should have done it months ago. +Hi UKPF, + +Just wanted to share a small realisation that I made this afternoon: + +Today I switched from Vodafone to GiffGaff for my mobile data plan, saving myself £9 a month in the process (yes, I was getting shafted). This works out at about twice the amount I have earned by switching my ~£7k emergency fund to a higher interest rate account at 1.2%. + +Point being, I wish I had picked the low-hanging fruit first! It took literally 10 minutes to switch network and I should have done it months ago. +Hi, just a quick one. + +I have a about 3.5k in HECS left. +Will the banks make a big deal out of it and reduce my borrowing capacity? +Or should I pay that off before applying for a loan. +Reason is I have want to keep increasing my deposit and reach my target of 120k before my pre approval later this month. Only a few k’s to go. +I’ve had $1,000 sitting in my account for months now as I’ve been researching about day trading, options trading, basically everything I feel I need to know. I feel like I’m ready to finally start trying to put money out, but I can’t seem to work the courage to actually do it. For example, NVIDIA smashed there earnings so I feel like I should do a OOTM call, but don’t want to pull the trigger because if it doesn’t execute then I lose $200-$300. (a 1/3 of my account value) If anyone has advice to a beginner trader and how to better research stocks, read graphs, or just get past the fear of initially starting and worry about failing, I’d love to hear it. +Hello! I am a young investor in age and knowledge but I’m excited to be entering the real estate investing world and I thank you for lending your advice when questions come up. + +Listen, I know everyone says don’t buy a condo or a townhome bc of HOA and HOA fees but I’m wondering if it’s ever worth it. I (24f) don’t know much about about home repairs, maintenance, or lawn care etc so an HOA could really help me in that dept. I’ve been favoring the properties that have been recently remodeled so I hopefully won’t have to fix anything too soon and can learn more in the meantime but I think it’d be a lifesaver if someone else was helping with big expenses and maintenance (even if just exterior). I don’t really care about changing the property too much, something ppl bring up against getting a condo. And since my plan is to rent out to college students, having extra amenities would be great! + +Do you think in my case, it may be a good idea to buy a condo? Why or why not? +**HOLD up partner!** I know you're anxious to get down to that sweet comment section and leave your mark. You're probably already thinking of something clever, like "bold of you to assume I can count to 8". But we're about to learn some interesting things, which you can later use to amaze and impress your parents, friends, or significant others. + +*So you've got yourself some crypto, and since you're no chump you created a wallet (or three) to move it to. During the process, the software presented you with a list of words and told you to* ***write them down and keep them safe***\*! But did you know\* + +&#x200B; + +1. **The idea to use a list of regular words (a mnemonic sentence) for generating cryptographic wallets was proposed in 2013**. It was formally adopted as a Bitcoin Improvement Proposal (BIP) called BIP-39. Prior to that, wallet seeds were just a long, randomly generated string of digits, which was difficult to use due to the fact that it's easy to introduce errors when reading or writing it down. Some subsequent implementation following BIP-39 is now used by just about every wallet on every blockchain, *because it's just that good of an idea*. +2. **I know all the words in your seed phrase!** All modern wallets that use BIP-39 use words from the same list of 2048 official seed words. There are different lists for other languages, but every wallet that uses English language is derived from this list of words: [https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt](https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt) +3. **Each word in the list was chosen to minimize the chance of mistaking one word for another.** For example, no two words on the list start with the same four letters, so technically if you can read the first four letters you can recover the wallet. +4. **Humans are terrible at generating randomness**, which is why when you create a new wallet, the software doesn't let you "choose" your seed words. Basically, you would pick words that someone (or a good computer to be more specific) could easily guess if given a few million (or billion) tries. What the wallet does instead is generate a highly random sequence of bits (0’s and 1’s) and then chop it up into a series of 11 bit values, each of which then identifies a single word in the word list (2\^11 = 2048, the number of words in the list). So for example if a particular 11-bit chunk of the random sequence is “00000000101”, that is the number 5, so the 5th word in the list is used, which is “above”. When you recover a wallet using your seed phrase, the software looks up each word to find it’s position on the list and then converts that place number back to the value (i.e. if you enter “moon” it finds that word at position 1149, which in binary is 10001111101). The fact that OG BIP39 wallets were defined this way, by the way, was **considered technically to be a flaw****^(1)**, because the seed words *themselves* don't actually contain the information to recover the wallet. You have to look up the word in a particular list of words. So if the word list is unavailable or changes, your recover phrase would not work. Some software like that [used by the Electrum wallet](https://electrum.readthedocs.io/en/latest/seedphrase.html#motivation), solves this issue by using the seed words themselves to produce the seed value and hence the public/private keys. In the meantime, when you record your seed phrase you **really should also write down the wallet software (including version number) that was used** to produce the keys, so that when they unthaw you in 100 years and you want to recover your vault of moons, you can get an archival copy of the correct software you will need (hopefully someone stored a copy on [IPFS](https://en.wikipedia.org/wiki/InterPlanetary_File_System)). You remembered to have your seed phrase stored with your frozen body, right? +5. **The last word in your seed phrase is actually dependent on the previous words.** This is another level of error detection built into the mnemonic seed phrase. After that series of random 0’s and 1’s is generated, the software calculates a [checksum](https://en.wikipedia.org/wiki/Checksum) and combines it with the last 11-bit sequence, which then determines the last word in the list. So if you know the first 11 words, you can figure out the 12th word fairly easy by trial and error (which is [how I know](https://iancoleman.io/bip39/) “`moon moon moon moon moon moon moon moon moon moon moon tomorrow`” is not a valid seed phrase but “`moon moon moon moon moon moon moon moon moon moon moon able`” is). +6. **The same seed phrase will produce a different wallet on different blockchains.** This is because a subsequent proposal, known as BIP-44, adopted in 2014, added an additional field to the seed value which identifies the coin type. This was done so that there would not be a case where the same public/private key pair existed on multiple blockchains if the user used the same word list to generate, say, separate bitcoin and ethereum wallets. Since you usually use a wallet which is designed for a particular blockchain (e.g. metamask, which supports Ethereum, or Yoroi for Cardano) you aren’t aware of the addition of that key value; the software just does it for you. Related to that flaw in BIP39 pointed out in #4 above, this enhancement is related to what are called *derivation paths*. Which is why technically, your seed phrase is not enough to recover your wallet. **To emphasize this point again, for long term archiving of your seed phrase, be sure to also record what software produced it and for what coin you created the keys.** +7. **Some blockchains use more than 12 words**. [Algorand](https://community.algorand.org/blog/understanding-mnemonic-keys-and-how-they-are-generated-on-the-algorand-blockchain/) and [Monero](https://web.getmonero.org/resources/moneropedia/mnemonicseed.html), for example, use 25 words (the last word includes the checksum similarly to the 12 word version). This is to increase the length of the public key/private key pair to 256/512 bits, respectively. Cardano supports either 15 or 24 word mnemonic phrases. (*No, I don't actually know why they chose 15, I guess just to be weird*) +8. **There are 5,444,517,870,735,020,000,000,000,000,000,000,000,000 possible 12-word seed phrases.** To put that in perspective, there are approximately 7,500,000,000,000,000,000 grains of sand on the earth. So you would have a much (**much!**) greater chance of selecting a single specific grain of sand from somewhere on the earth than guessing someone’s 12 word seed phrase. And for 24 words? Just don’t think about it. For fun, visit [https://keys.lol/](https://keys.lol/) and spin the wheel. + +Try not to let your brain explode with all this new information, cryptofriends! + +If there is one TLDR here, it's this: **when you record your seed phrase, also record information about the software that produced the keys with it.** + +^(1)EDIT: This flaw in original word-list ordering concept was in fact was addressed by implementation of BIP-39 to add an additional step, where the words are hashed together first to generate the RNG sequence. The word list is still used by the wallet software to help verify that you (the user) have entered the correct words and in a valid order, but it doesn't really chop the random number's bits in this simple way. Thanks to u/[**ilkali**](https://www.reddit.com/user/ilkali/) for pointing this out! + +&#x200B; + +&#x200B; +Disclaimer: I'm not trying to wave a banner or anything. This is more me just not having anyone to talk to about this outside of reddit. I don't care what anyone else does. I am not trying to rally people to do this or that. That is 100% ur decision. Me personally I like the stock, I'm proud of the current company leadership, and I believe the future of the company is nearly limitless. I'm just so fucking fed up with how the world is and I really think this is my chance to try to make things change and then continue to make positive changes after the dust settles. Make a real positive difference.. + +TLDR: I'm fed up. I know many others are too. +This isn't only about money for me. It's almost a financial civil war of the poor vs the rich and even after MOASS I will continue to fight the good fight. A big chunk of my post tax gains will go towords removing the corrupt from power. My current position will be sold. Any additional purchases will go to my children when I die. +Too many memes on here these days and it seems many have forgotten why we're here. + +I made up my mind today. Really I made it up in late January but today was the straw that broke this camels back. I'm so fuckin drained and just sick of the bullshit. Every single time GME gets great news it tanks. Any other stock on the same news would have significant price increases. THE STOCK MARKET IS LITERALLY DESIGNED FOR PRICE DISCOVERY!!!! Yet the price absolutely does not reflect the market. +I'm gonna go ahead and say the whole market is this way. +Stocks that are absolutely bubbly huge are probably held mostly by the rich. Whereas retail investors, (aka the fucking people) are left to be shit on by wallstreet and it's government affiliates. +This is a slap in the face to not just every American investor but every single investor across the world. +Not just to investors but to every day workers just trying to provide to their families. These evil money hungry "smart money" fucks have brought companies to it's knees forcing mass layoffs of normal citizens across the world. +Not today! You got caught! RIP MORON! + +Not gonna post any x,xx,xxx or xxxx to show how big my tits are Because why???? I may be retarded but I'm not stupid.. +Not gonna make myself a target. +I may own 1 share or 1000! That's the beauty of this. We see their reported positions. Albeit vague and hidden. +They have no idea what I'm holding because I have a broker that isn't a giant fart. + +Every share I own today will be sold because yeah I don't want to do manual labor my whole life. I'm an Army combat vet. Post military, I went into a back breaking industry after, that is designed to make rich people more wealthy. I'm fucking sick of it. Was injured more than once in the military and I just don't know how much I have left in me so yeah... during MOASS I will sell every share I own at this moment so I don't have to work 60-80 hrs/week and be able to take time for my family and my own physical and mental health. Not just that but so I also have some big nip $ to fight the corruption. +I have never really been able to take care of myself it seems because I'm always working. + +However, every share I purchase from here on out will sit until the day I die. This shit needs to change. I will not let my baby boy become a man in the same environment I did. (I turned 18 during the 2008 crisis.) Had no money for college, couldn't find a job because people with a bachelor's degree took the fast food job I was trying to get, and my parents lost everything. I felt forced to join the military and go fight a war designed to make the rich more wealthy. My parents lost absolutely everything. They turned to drugs and I have zero relationship with them today. I love them unconditionally but I just can't let those people around my family. + +I have this sickening feeling that if we the people don't force a significant overhaul of this evil and corrupt system we will be doomed to repeat history yet again. I'm Terrified that in 2036-7-8 when my son is becoming an adult he will face the same hardships my generation did. +No fucking way. + + +I've been in on this since early January and lurking/doing research for months before that. I didn't buy at first because of my naivety of the market and capitalism as a whole. + +I have gained so many wrinkles that you couldn't tell my brain from my ballsack at this point. +I see what's going on. BETTER YET I FUCKING UNDERSTAND IT! It makes me sick. +Even with all the bad publicity and public knowledge of what's going on, they still do the same old shit. In broad daylight. + +The system is either going to change and adapt or it will fail completely and be revamped. The people in power that shouldn't be there will be removed. 100% I think I was meant to go through my entire entire chaotic life to give me leather skin so I could fight this fight. After MOASS I will dedicate my life to help my fellow man by fighting corruption. These idiots created a pretty stubborn and competent enemy. + +This system is absolutely broken. Our government is even at the mercy of the banks and prime brokers. +It's not even greed at this point. No doubt these rich tucks have threatened numerous politicians over the decades to get their way. + +I started out trying to make a quick buck. Pay off some debt. Then I switched to making a big buck. Paying off all debt and never working again + +These days I'm here to stand up to the bullies and let them know that this is war and my children will not grow up in a world they control. I may not break my back for industry after this but I will work hard to end corruption in this world. + +The biggest transfer of wealth in history to date is the covid epidemic. (So far) +So many regular people lost while many millionaires became billionaires and many billionaires became multi billionaires. + +I'm ready this time. I stand to gain at their loss. +The next biggest transfer of wealth in human history will simultaneously be the biggest transfer of power. + + +END RANT! +New to the community in my mid 30's and starting to make a plan for FIRE, probably on the lean side with some continued small income streams so not 100% retirement from work. My wife and I would like to travel or live abroad extensively and possibly pick up work as well there legally. We are both USA citizens but I have potentially access to three citizenships: Israeli, Ukrainian, and Russian. I am a Russian Jewish immigrant both of whose parents were born in Ukraine under the USSR so I qualify for both of those based on those rules, and I qualify for right of return under Israeli law. The question: + +Has anyone obtained multiple citizenships to countries with universal healthcare to hedge against USA healthcare costs? My dad, despite being a US citizen, still travels to Russia for all of his dental care, which he pays out of pocket at about 20X less price for the most expensive cutting edge dental care (his teeth are ultra fucked). Like many, I think the scariest thing about this country is the healthcare and potential to go broke should something go south. +I posted previously, asking what people's experiences were in [downsizing](https://www.reddit.com/r/financialindependence/comments/c9tgdb/what_are_your_experiences_downsizing_to/) and thought I'd give my own update. + +As in the post, we sold our circa $600K house (took a small loss on it after living in it for 10+ years, but that's another story) in one MCOL and bought a \~$350K house in another MCOL (to be closer to family). We went from \~3200 sq ft to \~2400 sq ft. We went from 5 bedrooms to 3. We are empty nesting. We netted about $180K from the sale of the first house. + +We traveled for 4 months (\~$5K in costs which was easily covered by not having a mortgage, points and staying with family at times) or so in between the sale of the house and the purchase of the new one. That was mostly good, although I probably enjoyed it more than my spouse, as she got tired of living out of suitcases. We put almost all of our possessions in storage during this time. Despite getting rid of a lot of stuff, we still needed a fair bit of storage. We're not hoarders by any stretch, but it's amazing/sad how much stuff still piles up even when you are diligent about it, or at least thought you were diligent. Post moving in, we've continued to evaluate and get rid of stuff. + +We're a few months in to the new place and the new budget picture is emerging. Some details: + +We set aside $30K from the house sale (we put $100K down and invested the rest) to make upgrades to the new house, including new furniture, as we sold a fair bit of our older furniture and part of the downsizing deal with my spouse was new furniture and some house upgrades, as she wasn't as into the downsizing and so this was our compromise. Total costs will probably land around $25K, most of which I'd consider to be beneficial to the future sale of the house (updated kitchen, bath, landscaping, etc.) I'd also say we compromised on the size of the house. I think we'd be just as happy in an even smaller place, but it's not worth the fight. + +Storage for 4 months cost \~$3200. This was a surprise and well above what we thought we needed and were told by the storage facility due to us needing more units than originally thought. We moved ourselves, with some help loading and unloading. I'd say that cost \~$1.2K (truck rentals, mileage and labor) as compared to the $5k we were quoted from movers. + +The old house was in the country on well and septic. The new one is not. Thus, we picked up some new monthly costs like water/sewage to the tune of about $70/month. Our HOA is more, but it includes a lot of things we were paying for a la carte before (community pool, garbage, tv/internet) or had to do ourselves (yard), so it all is about $70/month more than before. + +The new house has cheaper home insurance and taxes. I'm not sure at the full cost there yet, but let's call it $100/month less. + +On the mental front, I'm loving it for the most part. The old place was a lot of work to maintain and even though I gave up the serenity of the country for the 'burbs, it feels right. We're closer to people we care about and we have way more flexibility in our finances to go do slow travel. Since the new home requires less care, we feel we can go away for longer without worrying. The layout of the home also makes it a lot easier to clean. My wife has been mostly good about the move, although she is still adjusting to being in a smaller place and not being able to decorate as much, which she truly values. Only thing I really miss so far is my old garage, as it had higher ceilings to get things out of the way like bikes and was a bit wider so it didn't feel as cramped with both cars in it. + +Our total costs are down about $1400/month. The picture is still a bit murky, so we'll see for sure in a few months. I'd say overall our goal is "slightly obese" FIRE and so in the long run this will make a good dent. We're about 5-7 years out, but effectively have FU net worth at this point if need be. I really like what I do, so my RE plan is to simply do it on different terms (consulting, PT, project-based.) + +On the empty nesting front, we're spending less on car insurance, groceries and other basic commodities since there are only two of us now. + +Not that I really believe in reading into coincidences, but I feel like we're being rewarded for it all, as I also got a raise at work during this time! +I started investing last January in shit coins and now I have learned much and DCA into projects with long term growth potential. This is obviously my first bear market and wanted to get some feedback from people that have been through multiple bear markets. Are we seeing similar drops from ATH during this cycle or is this going to be a disaster compared to other bear markets in the past? Are we seeing similar shifts in price movement when compared to previous years? Obviously the economy and world is experiencing unique things for this cycle. + + +Any insight would help. +Been trading and riding the waves this weekend, and I really want to know: +How many of you are actual traders, in this I mean: have you actually quit your job to trade in crypto? +I mean, this is a bullmarket, and it's almost impossible to lose money. I'm actually considering taking a 6 month leave from my job, just to daytrade. I made some serious bank this weekend, and I can't help but notice one simple fact: Every day I go into work, I lose money. + +I remember talking to a poker pro at some point in my life. He said something that latched itself onto my mind like fucking glue: Man, you don't just quit your job. I didn't start playing poker professionally after making abit of money. It was a gradual thing. I was hashing it out in my day-to-day job, getting back home, doing my usual things, then I went to play poker half the night. I started making some money, and before I knew it, I was making more money playing poker than I was staying at my actual job. After a few months of this, my girlfriend asked me why I was still going into work, and for the life of me, I didn't have an answer. The logical answer was, I needed to quit my job, and start taking poker seriously. + +I'm not saying I'm gonna quit my job, seeing as well, I don't like the idea of living on the streets. But for the life of me, I honestly don't know why I still keep going to work, even at my own companies. +Usually the focus is on day trading, but I am curious what arguments people can conjure to put away a decent amount of money in a coin and forget about it, and which ones even to avoid? + +EDIT: some solid info in here keep it coming! +Edit: *Thanks to everyone who replied with kind words. I hope this post kept at least some people from investing their life savings into Luna/Terra. For any that did lose their life savings: you can rebuild your savings, but your brothers/sisters/mother/father/sons/daughters/friends can't ever buy your life back. Also, some warnings to anyone tempted to pick up a few hundred thousand Luna at a few hundredths of a cent each: Warning 1: don't forget that the number of Luna has exploded from 360 million to 6.5 trillion: about 18,000 X, and UST still isn't worth $1. You will need to buy about 18,000 Luna today to have the same effective Luna stake as you did before the drop. So, if you're paying .00033 cents/Luna be aware that you're paying the equivalent of 18,000 * .00033 = $5.94 for one "before the crash Luna." That's 1/16 of the high. For a coin that just crashed this hard, I'd think twice before paying 1/16 of peak value. Warning 2: If I understand correctly, they're thinking about allowing the* accelerated *minting of Luna to stabilize UST. If that happens, I think you'll be looking at total minted Luna going from Trillions to Quadrillions (and maybe beyond). If they let that happen, you should expect the value of Luna to fall additional orders of magnitude in response... and the coins you paid 33 milli-cents for may be worth 33 micro-cents. ($33 per MegaLuna? Is that the new marketing name?)* + +--------------------- + +I was interested in investing in Terra after hearing about it, but after doing basic early research, I now have big qualms. Help me understand why I'm wrong... Or confirm my concerns. + +Here's the problem I have with Terra: + +Assume I own the entirety of Terra at the start and there are only UST Terra. + +Suppose 1 Luna = 1 USD and there are 2 Luna in existence. + +Suppose 1 UST = 1.01 USD and there is 1 UST in existence. + +My Terra+Luna+USD universe is worth $3.01. + + + + +Now suppose in order to peg UST, I burn 1 Luna and mint 1 UST and sell it. + + + + +I get: + + + + +1 Luna > 1 USD (equivalent) (it's claimed, since supply went down) + +1 UST = 1 USD (equivalent) + +(Sold UST) = 1.01 USD (cash from the UST I sold) + +(total) > 3.01 USD + +The total value of my universe must now be worth >$3.01, if the claim that the value of Luna rises is true. + +*All I did was sell a token for the price it was worth, and suddenly it's claimed that the net worth of my universe is now greater than it was.* + +It makes no sense to me that minting a UST token by moving value from one pool to another should yield created value in the pool that had value *taken from it*. + +This smells to me of a complicated, well obfuscated, Ponzi scheme. + +The more UST you mint, the less Luna there is. The drop in total minted Luna makes people \*think\* Luna should be worth more, so they buy it. In reality the total network includes both Luna AND Terra and the value of Luna shouldn't have changed at all. + +But go the other way: when people start selling their UST because they want to go back to bitcoin, they mint Luna and sell it. Now the price of Luna goes down. The fact that the price is going down and total coins minted is rising encourages the selling of Luna making the price drop farther. If the price drops too far, it can no longer support the burning of UST to get a dollar by selling Luna. + +As far as I can tell, buyers of Luna are basically the pansies that are paying for the exit of UST bag holders. Once people don't want to buy Luna, any remaining Luna and UST holders are screwed. + +It seems to be that as fast as Luna is rising, that's how fast it can fall. + +Explain to me how this isn't true. +I'm 20 years old and moved out of home earlier this year and moved away from my parents because there was no work in that part of the country. I took out loans to cover costs and now I'm struggling. + +I owe my parents about $20,000 +I owe the bank $10,000 +I get paid $750 weekly +I am supposed to be paying my parents $300 a week +I pay the bank $150 a fortnight +Car Insurance $110 a month +Health insurance $55 a fortnight +Petrol $80 a week +Food $150 a week +Board $100 a week +Essential living costs come to about $150 a week including car maintenance, phone bills, misc, clothing, haircuts, prescriptions etc. + +I can't see a way to make it work. + +$150 seems to only get me so far a week for groceries in NZ. I find myself going hungry often. +I find myself using afterpay to pay for the things I need because I don't have the money to pay for it. I always run out of money before payday and honestly making me super depressed. I tried talking to my mate about this and he just got super judgmental telling me it's all my fault and not giving any advise apart from 'spend less'. + +Any help? +Yes yes yes, we know. Media attention picking up. People talking about naked shorts. It seems like the perfect set up to jack all of our tits and then tank it, shaking off a ton of apes. + +BUT here is what we know: + +1. Memelord RC has been tweeting more lately. He also picked 6/9 himself in all likelihood. He could have picked another date, but no he picked this date and only recently confirmed it. If he didn't have anything why would he? He knows apes are gonna hype this day up so why take a risk if its just an average meeting/earnings? Maybe he has something up his sleeve because lets be real, if APES are expecting fuckery then he definitely is too + +2. Memelord DFV has been insanely active and addressing the meeting/RC directly in his edits. Again, why jack everyone's tits if this is still months away? Keeping morale high is great but it only lasts a few days. + +3. Gamestop has been LIKING moass tweets. These don't show up everywhere so its not some marketing tactic. In my opinion, their tits are just as jacked as ours. + +4. VOTES! We are pretty much certain the vote count will be massive. Sure there will be fuckery but we can't go in assuming that. + +My theory: They've successfully managed to infiltrate a good strat (don't hype up 6/9 because we may be disappointed) and turned it into something else (EXPECT A CRASH aka don't buy till the crash). When our tits were fully jacked for 6/9 we were buying like crazy in the lead up to it. But now? days before the fucking meeting we're making memes about expecting a crash! The stock is still pretty stable implying some institutional buying (covering) to match selling/shorting (aka resetting FTDs) + +TADR: APES! Don't fall for this FUD. Expect Nothing. But Also Expect Everything. Make your MOASS playlist. + +AND KEEP THOSE TITS JACKED. This isn't a penis, there's no 4 hour limit. +Had a consistent tax refund the last 6 years since getting married. Had a consistent bonus the last two at my current job. Older employees tell me the bonus is quite consistent. I feel it's reasonable I can expect something from these incomes within a range. Then again I'm like, this is not a.wise way to budget. +We apes work, have jobs, maybe not sometimes, but we all know what happens. + +Ape bust ass no get raise. +CEO’s son/daughter acts smart and gets sympathy, poor baby. He get raise. + +Apes DO all work, receive no pay. + +Apes feel me? Ape DO ALL WORK GET NO PAY. + +Meanwhile rich wannabe apes flauntin’ fat stax while driving million dollar cars while GOOD apes r starving. + +Me try to say ape deserve better. GME/MOASS, our chance for change to LOVING empathy and compassion for other apes, real reward treatment right + + +Disclaimer: I’m a college educated dumbass ape with a stress job life + +edit: Thanks for the award(s) and support 🦧. Glad to discuss anything with you all ❤️ +Long time lurker made an account to post. Wanted to know if you guys have ever taken job-counter offers in helping you reach fatFire? My situation below: + +Live in the UK (MCOL compared to US) and want to keep living here, (used 1.2 GPBUSD exchange rate for simplicity) + +Couple in late 20s early 30s with young baby. I earn $400k she earns $100k (but she in relaxed job 4day week fully from home) both in traditional law/consulting/finance. Marginal tax rate is 47% on higher earnings. + +$4m Joint NW breakdown: + +\-$2m Primary residence (700k mortgage) + +\- $1m Apartment rented out ($3k per month rent, $300k low interest mortgage) + +\-$1m Foreign holiday home (inherited, wouldn't sell/rent out) + +\- $500k in a 401k equivalent + +\-$200k index tracker funds + +\-$300k cash (waiting for more market sell off) + +Got a job offer for $550k handed in my notice to go to bigger competitor, being countered $750k (said I would be getting this anyway in the next pay run) . I think I would be happy working at either place. Forward projection should be good at either, but hard to say which is better. + +Aim is to fatFire in next 10 years ideally, but also want another child and $3m house. +I thought this was pretty interesting. You'd think big name, elite universities would be smart enough to structure their employees' retirement plans in a cost-effective way. +Article: http://www.nytimes.com/2016/08/12/business/employees-sue-four-more-universities-over-retirement-plan-fees.html?&moduleDetail=section-news-1&action=click&contentCollection=Business%20Day&region=Footer&module=MoreInSection&version=WhatsNext&contentID=WhatsNext&pgtype=article +For me, that is General Mills. I bought it at a horrible time, it dropped a lot, and was my first lesson in investing. "don't invest in stocks you don't understand". + + Edit 1: There have been a decent amount of comments +saying "oh you don't understand cereal products, but understand the tech companies you own now". + +Well i knew what they sold, but "When i started out investing in General Mills. I had no knownledge about, earnings report, profit margins, solvency ratios and what motives a company got. + +If their motives are intern, external, proactive or reactive. + +In the end i learned from my failure and losses in the market, and have finally developed a strategy. + +Well i understood the company, oh ye they make cereal. But i didn't understand anything else regarding the business, which burned me in the end." +My question is, what options do I have for obtaining this car sophomore year? It's not exactly a family car so I can't wait that long to be completely financially stable. + +Edit: Thank you everyone for your feedback. I will be sure to hold off on buying it for a while. I am going to follow through with investing in stocks and buying a poster of the Camaro as a goal. +I am 18 and I just started college. I live with my parents and I don't really have to pay for anything at the moment. I have around $20k saved up and I just +don't know what to do with it. I don't know much about investing, but I'm seeking advice on what I could do with this money I have instead of just letting it sit in my bank account. +Recently I had been laid off of my job and but has also been trying to figure out my mental and physical state problems as I was stressed the other day I had called the day off because I couldn’t finish it from the exhaustion of riding my bike to work and barely eating enough. + +I have Medicaid and I feel like I should go to a psych ward but I also have my wife and 2 dogs to take care of too. + +Would it be dumb to lease a new car and start doing Uber, Lyft, Nomad and so on? + +Just turned 21 and I do have a license and 740 credit score if this info helps +Hey I’m 18 years old and have $700 to my name. I’m invested in a little crypto ($80), have a job making about 15/hour, and have a side business where I buy and sell shoes and electronics. I want to make as much money as I can in the next 6 months before college. What would y’all do if you were in my shoes? Invest in stocks, crypto, side business, etc? +What’s the most common advice we here: buy a 2-3 year old Honda or Toyota. While I have done this in that past, it’s a very narrow view that is not the best for everyone. + +Let’s say Jim and Karen live in Lansing, Michigan, have 4 young kids, and need third row. They drive 10,000 miles a year, and generally don’t do their own maintenance. + +Reddit says get a 2 year old Toyota. The Highlander is to my knowledge the cheapest 3rd row they sell. 2 years 30k your looking at $30,000 for a mid trim package. You’re going to pay a higher interest rate due to buying a used vehicle, and the car is half done with it’s factory warranty. + +Or you can buy a brand new Dodge Journey sxt for 15k out the door (don’t look at Msrp, use autotrader) you going to have more warranty, pay less in interest and insurance. In ten years when it has 100k you can catch it on fire, buy a new one and still have less invested then you had invested in a 2 year old Toyota. + +On top of regular depreciation, you have Michigan rust which is brutal and expensive on older cars, the fact that kids are going to destroy the interior, and it’s nice driving a new car and not one that’s 15 years old. + +I’m not saying it’s bad advice buying a 2 year old Japanese car, just we’ve Ecco-chambered it so long as fact that we fail to recognize other options that maybe just as good or better. +I'm decently on the way to fire/fatfire. As John goodman said...coming on for 2m in the bank a house paid off with a 25 year roof and a cheapish Japanese car. I am struggling at the minute to stick with it all. Have a couple of hundred k uninvested and it seems much more than ever to be burning a hole. I haven't spent any... But boy I am more than normally tempted. I keep pricing out the new f-type jaguar for some 70k, or a getaway home in the city (SF) I'm happy justifying through maybe renting but know it's really for me and a small mortgage payment, or a beach house or just about anything rather than adding and investing more. I guess the boring middle. How to stay focused?! Almost need to get it invested and out of sight and mind. But have funded a bunch of stuff and am finding it hard to keep a hold of the chunk that's in cash without wasting or indulging, or funding another venture. Any tips? +Hello everyone. I'm posting this here because technically it's about money, and whenever I post in /r/jobs I don't get any useful feedback. + +I started a new job in late August. When my boss extended the offer, he said I would have a 3 month performance review. He also said I was on a 3 month "introductory period" and that I shouldn't confuse this period with probation. There weren't any strict rules like with probation. My boss has been very good to me, letting me take time off for medical appointments and such. + +The three month mark has passed with no mention of this performance review. He also never mentioned the introductory period ending, but I believe he's satisfied with my performance. Should I ask about this? + +I was thinking of asking for a raise at my 3 month review, but it never came. I believe I've gone above and beyond, doing all that's asked of me and more. I've demonstrated that I'm a good employee who is worth keeping. I have a lot of bills to pay, and a raise would really help. How do I go about asking for it if my review never comes? I'm not sure how to bring this up without being pushy. + +Tl;Dr: two issues here. + +1. I was told I would have a 3 month performance review, and 3 months have passed with no word of it (or the introductory period ending) + +2. I want to ask for a raise. Planned on it at the performance review. What's the best way to bring this up? +tl;dr - by being too scared to invest during an economic downturn, I cost myself $235,000 in retirement savings. + +Time-wise, this is not my *exact* situation, but it is extremely close. I've actually bumped it back two years to make it even worse, which should only go to prove my point. + +I started working in a career that allowed me to save money right around the time of the last major recession. Due to the economic climate, I saved all of my money. I didn't invest it. I just saved it at the bank. Realistically speaking, I could have invested $5,000 a year and still had enough savings to be safe in case of emergency. But I was too scared to do so. + +Because of that, over 10 years I ended up with $50,000 in the bank (plus a rather negligible amount in interest). But what if I had been putting $5000 a year, on January 2, into a Vanguard Target 2045 retirement account? Percentages for below are taken from the total return column on the fund's page. + +Starting in 2008, that $5,000 would have been down to $3244.50. Ouch, right? -35.11% return. But keep doing the math. Add another $5,000 for the next January 2, 2009 deposit, then add 28.67% to account for the 2009 total return. Add another $5000 for January 2010, increase the new amount by 15.33% for that year's return, and so on and so forth. + +The result? After ten years of investing, that would have left me at about $91,000. Already $41,000 ahead of my non-investment "strategy". Now, let's make it even more painful. Let's look at how this works out down the road. + +With my $50,000 deposited today, untouched for 30 years at 6% growth, it would grow to about $287,000 in 2048. But with $91,000, it would grow to over $522,000 in that same time. + +Moral of the story: even when things aren't looking great, if you can afford to invest some of your money, you really should do it. Don't leave yourself without an emergency fund. Don't live outside of your means. But if you are fortunate enough to have income left over to save and you've got decades to go before retiring, put that money to work for you even if the short term looks scary! + +edit: fixed a huge typo - corrected to "don't leave yourself *without* an emergency fund". Hopefully people knew what I was trying to say. +After a decade of working one busy job, house moving, kids and so on I have a bit more time to put into something that will make me money in addition to my job. + +I've started growing a Instagram Repost account with the intention of getting income via ads. Very flexible and fits around my life quite nicely but recognise that it will take a lot of work to reap a decent level of income. + +Also been thinking about consultancy work online but not sure if I'm qualified enough. + +So, what is your most profitable side job? +Just wondering if its normal for a stable coin to be worth four cents less than the dollar that its supposed to be pegged to? + + The live **TerraUSD price today** is $0.961231 USD with a 24-hour trading volume of $1,932,677,188 USD. We update our UST to USD price in real-time. TerraUSD is down 3.60% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $17,938,020,160 USD. It has a circulating supply of 18,661,499,918 UST coins and the max. supply is not available. + +I'm no crypto expert, but this just doesn't seem right to me. + +&#x200B; + +https://preview.redd.it/3qa53a187iy81.png?width=983&format=png&auto=webp&s=1a2cf87230f88f7cb444e441765d685ecaebd7ba + +Maybe some of the Genius crypto investors can chime in on what is going on right now. + +should you buy at $0.96 and sell back at $1.00? if it goes back up + +I need some answers. + +Is it time to sell this now? + +Edit: currently sitting at. $0.88. + +Edit-2: now at $0.73. + +Edit-3: now at $0.62 (it's fucked) +That’s my opinion, and it’s just that an opinion. It makes no sense how some of these were sold for 6 figures, sometimes even 7 figures+. The general public looks at this as a scam which some are. The public also reads headlines, and doesn’t look behind the curtain. I’m happy I’m early to something that is going to be huge. Buy, hold, drs, and take care of yourselves. +About to turn 22 and I now have some skin in the game. Just made my first purchases on Ameritrade. When the market re-opens tomorrow I will officially be a shareholder! Excited to start my journey +Wound up by administrators. Everyone should get their money back. Neil Woodford himself disagrees with the decision. + +> "After careful consideration, the decision has now been taken not to reopen the fund and instead to wind it up as soon as practicable. This is with a view to returning cash to investors at the earliest opportunity." + +> [Woodford] has criticised the decision made by the fund's administrators, claiming it is not in the long-term interests of investors. + +> Those investors will not get any money back until mid-January at the earliest owing to financial rules. + +Source: https://www.bbc.com/news/business-50052945 +I don't care who thinks this is a stupid post. I just got a scam email so I am sure others here did too from what looks like Coinbase. First of all, "Confirmation billing account has been update" is not a sentence. The word is "updated". The body of the email contains similar grammatical errors. Second, I don't receive a bill from Coinbase so I wouldn't need to update anything. They make money when I buy or sell. + +I know this may seem obvious to many of you, but some people here are new and might think these sort of scam emails are real. Do not click the link. + +Also, the real clear giveaway, it says to give them a call with any questions and lists a phone number (that probably is part of the scam and not a real Coinbase #). As if Coinbase customer service is sitting around waiting to help me 🙄. +Imagine, it’s Monday, April 26th and you wake up early because you know it’s time. You FEEL it. The last couple weeks have been a bit of a slog (bouncing around $160), but you know today’s different. They just had the Record date, the hedge funds are done, it’s over. You look at the ticker, and it says... + +$146? What the hell? Where’s the damn squeeze? You put all your faith in that date and now it’s gone... + + +What? You thought this was confirmation bias?? Hell no! This is a reminder to not hang your hopes on specific date! + +**Let it be - it will come, but it might not be in the next two weeks**. All these recent posts about the importance of the next two weeks: the “Record date”, the “DFV options”, the “squeezable banana cat”, the “THIS is the endgame”, the “I FEEL it coming soon” - these are all starting to feel a bit too contrived. A bit too over the top. I know most aren’t shills, but are just apes getting a bit too excited about the future. + +So PREPARE YOURSELF for an April 26th where we’re still trading sideways (or even down). That’s okay with me, I’ll still be holding way past that date cause I believe in the transformation. I believe in Ryan’s vision. I believe they will be studying this case in business books in the future. And, most importantly, I really like this stock. + +🦍🚀💎🙌 +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 +So, on Dr. T’s recommendation, I’ve been reading Pablo Triana’s “The Number That Killed Us”. + +Long story short, many banks and hedge funds have been using (various flavours of) an (easily manipulatable) algorithm to calculate portfolio risk since the mid-nineties: VAR (Value-At-Risk) + +Although it can most likely be blamed for most, if not all, crashes since 1995… it seems that its is use as a risk measurement tool / risk circuit breaker in the industry has only increased over the years… + +Here comes the trust me bro part: this weekend, I went apple picking with friends, one of which is a mortgage broker for a large financial institution… + +Obviously, we talked about the beginning of the variable rate disaster (he’s already seeing people’s mortgage interest payments alone surpass last years total mortgage payments. + +At some point I asked him if their fund management teams were using VAR… he said “Of course! Everybody uses VAR…”, meaning everybody in their institution and everybody elsewhere… then he said “yeah… it’s one of the big topics in risk assessment classes in college… why do you ask?”. + +Boum! + +I took a deep breath, closed the conversation and reflected on one of Michael Bury’s recent posts: (paraphrasing) “no one big has failed yet”… + +So… they’re all using the same circuit breaker (tolerance)… none of them have failed yet… + +So, who’s ordering Domino’s, buying more $GME, DRSing it, and hodling? +I was interested to know some stats about how much people hold in their PB accounts to be in with a real chance of winning a high value prize (anything £1k - £1m). + +So I downloaded the high value winners info from [https://www.nsandi.com/prize-checker/winners](https://www.nsandi.com/prize-checker/winners) for the past 6 months (Feb - July) which gave about 15,000 records of prize winners. I put this into Excel and added some simple functions and these are the results: + +&#x200B; + +**Averages** + +|Min|£2| +|:-|:-| +|Max|£50,000| +|Median|£48,963| +|Mean|£38,465| +|Mode|£50,000| + +&#x200B; + +**% of high value prize winners who held up to the specified £** + +|£1,000|1%| +|:-|:-| +|£10,000|7%| +|£20,000|16%| +|£30,000|29%| +|£40,000|39%| +|£45,000|45%| +|£49,000|50%| +|£49,500|52%| +|£49,999|54%| +|£50,000|100%| + +&#x200B; + +It was interesting to see that 46% of high value prize winners in this sample hold the max £50k + +If you own just £1 less than the limit (£49,999) then you go from being represented by 100% of prizes to just 54%. + +I personally hold £30k in premium bonds, so 71% of high value prized are awarded to those that hold more than me (not interesting to you, but was for me). I felt like £30k was a lot to hold and expected this number to be higher than 29%, so this exercise has been a reality check. + +The person who holds just £2 won £1000 in February, after buying their PBs in April 1958 - they played the long game! + +Hopefully of some interest to others on here. +Hey guys + +I've built a web app that helps self-employed folks and freelancers struggling financially in the wake of coronavirus. It provides a personal plan on what to do, signposting people to appropriate financial support based on their individual situation. + +I focused on the self-employed as it's generally a more complex situation than PAYE and many feel unsupported by government. + +It would be great to get feedback to see if it makes sense to people. It's not perfect and fresh eyes would be appreciated to tell me what to improve. + +So please [give it a try](https://lifetise.com/coronavirus-money-help/freelancers-and-self-employed/coronavirus-self-employed-app/) and let me know what you think. + +Really appreciate your help. + +\*(Quick reminder - I'm the fella who built the apps to help people plan how to [buy a home](https://lifetise.com/homefinder) \+ how to [afford childcare](https://lifetise.com/childminder) in the UK, that got [loads of great feedback from UKPF](https://www.reddit.com/r/UKPersonalFinance/comments/bs0gox/a_massive_thank_you_to_everyone_in_ukpf_who_gave/) because you're all really amazing) + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +We got a rough quote from a private health company for $45 per week (We are a couple aged 25-30 with a baby aged 0). Doing the maths, this equates to just under $10,000 over 4 years. In 8 years $20,000! We are a single income household (due to new baby) now earning under the medicare levy threshold. + +Would it not be wiser to religiously put this $45 per week into our offset account because we are healthy and young and don’t see anything huge cropping up in the near future? Obviously if something does crop up we have the funds just sitting there in our offset that we can dip into anyway... + +I always hear about people needing big jobs done that their private health doesn’t fully cover anyway eg. Tooth knocked out, wisdom teeth fees etc + +I see how when you’re older you might want to have private health when the chances of all the illness/disease skyrockets. Also if you’re earning above the Medicare levy it’s a better move financially apparently. + +But is private health just for ‘rich’ people ? +I'm looking into buying a watch that costs around 3.5k and I have the option of buying it with a 10% deposit and financing the rest at 0% APR for up to 4 years. + + +Taking into consideration that I can pay for it in cash and that I don't have any other debt besides my mortgage, it seems like it would be silly not to do it, since even if I keep the money in a savings account earning nothing, it would be better to have access to that money in case of an emergency. Without even taking into consideration inflation and possible earnings if I invested it instead. + + +Am I missing something? +I just bought a house and when the bank was looking at my finances they asked what other assets I had. Apart from the regular assets of stocks etc. I mentioned jokingly to the broker that I also have bitcoin. Surprisingly he asked for a screenshot of my Coinbase account which they counted towards my assets. It's a good sign for BTC acceptance and nice for hodlers if we can get a mortgage for around 2% while our BTC keeps growing in value +Lately I've been thinking about going into sales because I just notified my boss I'm leaving my current job. Quick background about me is that I'm a mechanic on ships and saved over 30k in the last 10 months. I'm new to FIRE and although I haven't been with it long term I've had a good start by saving 78% of my income by working a lot of overtime and cutting expenses by living with a family friend, not eating out, watching every penny, etc. I'm leaving this job because of the physical toll it takes on my body as I turn 40, plus because of the extensive travel to different ports and living on ships doesn't allow for any normal social life or free time for hobbies. It's been a difficult decision because the earning potential is high... 80k within the next year or two, 100k within 4 years. The earning potential is all because of overtime pay since my current rate is $14 an hour. Lead mechanics make $100k a year but by being on the clock all the time. + +&#x200B; + +One thing I like about it is it is performance oriented pay... the more you work the more you get paid. The more you learn and know the more you also get paid. I actually like knowing that my check will be different each week based on how much I work. I think I may like sales for the same reason. The better you perform the better you will get paid. The problem is that I'm kinda scared and intimidated by sales because I don't have any experience. But sales definitely has the possibility to become a high earner which is the FIRE phase I'm actually in. I've gotten down being frugal (I actually always have been since I've never made a lot of money... I've mostly lived overseas and in other circumstances where I lived on very little money). If I'm actually going to be for real about this FIRE thing I have to get my income up. + +&#x200B; + +It seems like a very logical and straightforward way to increase income is to just go into sales. + +&#x200B; + +But it makes me ask why does it seem like very few people in the FIRE community are in sales? I mean I don't know if I've ever read a post where someone talked about how they worked in sales. Maybe because most people I've met in sales like earning a lot so they can spend a lot and have nice things. A lot of salespeople I've met have nice cars, clothes, watches, downtown condos, etc. Maybe that's a big thing for motivation. Is it maybe for a lot of people in sales living an extravagant lifestyle and just making a lot of money important (and don't share the underlying FIRE values of freedom, etc.). + +&#x200B; + +For someone new to FIRE like me it seems like sales is a good option because there is high potential for earning and you don't need professional certificates or a lot of specialized training like a doctor would. I've literally known guys that got a sales job right after getting out of rehab and they were money hungry and hustled their way to 100k a year. + +&#x200B; + +So my questions for anyone out there in the FIRE world in sales are: + +1. How do you stay motivated every month? +2. How do you keep a life outside of hitting your numbers? Or do you just overwork no matter what? +3. Is inside sales in business loans/financial services a good field? +4. How can you tell bad workplaces (unethical/shady situations) before you get in? +5. What advice do you have someone who is kind of scared of sales but kind of intrigued/excited at the same time. + +&#x200B; + +A little more background about me to speak to question 5 a bit. I'm scared of sales because making money has never been that important to me until this year (and making money seems to be the obvious motivator in sales). I've basically existed outside of the system for my adult life by living in other countries and working in higher ed with scholarships. For a couple years I even lived in Tijuana and worked in San Diego part time so I could have the time to learn Spanish. To put it in perspective the most I've ever made in a year on my social security statement is 17k (not including this year of course). I've worked in other countries so that or less was always enough to live. Doing this allowed me to progress in academics though and I've always been a high performer in things that I worked at. Was on a research team for the European Union, taught some university classes, learned foreign languages, etc. The point is that money was never important. And now that it is important I just saved 30k in 10 months so I think I can make a go of it at sales. it's just that most people in sales are so different from me and have a business background. + +&#x200B; + +Anyway it's been a good first year and I'm just trying to decide what to do next. The easiest thing would be to just stay at this job but my body can't handle the physical toll so I'm out. So maybe sales. Any comments are appreciated. +Title says it all, if this shit moons I’ll livestream melting my face with hot pepper flakes. I’ll up the fucking bet too and if it goes to 50+ I’ll eat the flakes on whatever the top comment of this thread tells me to as long as it’s edible, an actual form of food and won’t kill me. +Can the mods please start deleting these obvious meme coin shill posts? Some garbage token that’s a copy of another garbage token shows up here 5 times a day. The comments are filled with brand new accounts and they’re all acting like it’s the next big thing. + +Meme coins need there own subreddit. Like /r/cryptomemeshots or something. I am tired of this sub being flooded with bullshit lately. This sub used to have lively discussion and occasionally some amazing projects that were found very early on. Now it’s all meme coins and fake/shill comments and “NEXT DOGE HERE!!!!” + +Edit: Just for background, I’m an advocate of every type of coin or usecase for blockchain technology. I even made a small gain on a meme coin in the past. I won’t name it, I just think this sub is more suited for solid projects. There’s a place for every type of coin in this constantly growing technology, that’s one thing I’ve always believed in. + +Second Edit: The mod made a strawpoll about banning meme coins, we won in favor of banning them and then he decided against it anyways. Sorry, I tried. + + +**Benchmark: The Journey so far** + +The industry has seen great growth since the bull run began and as it stands now, we have seen the gains obtained during this run as one solely driven by mass adoption by the masses as they are all curious about the opportunities held within the industry as opposed that found on the traditional market. + +Benchmark protocol since its launch, has continued to build products that conform to the vision of being a cross-chain utility platform for users as the major objective is to provide an elastic stablecoin alternative to DeFi, and has continued to gain support across chains as DeFi has grown beyond the Ethereum Blockchain. I know a couple of folks will be asking what are milestones the project has since launch, well they are listed below: HURRAY!!! + +* Benchmark has been accepted into the Binance <> ORBS [Defi.org accelerator](http://defi.org/) +* Our long-awaited explainer[ video](https://www.youtube.com/watch?v=-lsJM-Aq1wg&ab_channel=BenchmarkProtocol) has been created +* The Upcoming Benchmark Protocol P2P Marketplace has been[ Audited](https://twitter.com/Benchmark_DeFi/status/1390313026444828672) by Certik +* A new[ Syrup Pool](https://twitter.com/PancakeSwap/status/1389985013437923332) has launched with 51,500 xMARK worth $300,000 on PancakeSwap +* xMARK-BUSD got an official PancakeSwap “BOOST” with[ 458% APY in CAKE rewards](https://twitter.com/Benchmark_DeFi/status/1390143921884475393) +* All funds on[ The Press](https://thepress.benchmarkprotocol.finance/) have been[ insured via Nexus Mutual](https://medium.com/benchmarkprotocol/benchmark-protocol-adds-smart-contract-cover-for-the-press-using-nexus-mutual-7ec2509fd677) +* xMARK (ERC-20) has been listed on[ Gate.io](https://www.gate.io/en/trade/XMARK_USDT) +* MARK is whitelisted on[ Balancer](https://medium.com/benchmarkprotocol/mark-is-whitelisted-on-balancer-for-liquidity-mining-bal-tokens-dfa4fe98ad90) for farming $BAL tokens via liquidity mining +* Farming on Pancake Swap[ xMARK-BUSD](https://pancakeswap.finance/farms) with xMARK-CAKE Syrup Pool +* [Beefy.Finance](https://medium.com/benchmarkprotocol/the-benchmark-community-introduces-yield-optimization-with-beefy-finance-feb087accc38) supports xMARK-BUSD LP tokens for added yield farming +* [Ben Sparango](https://twitter.com/bennybitcoins) joins the Benchmark Protocol[ Advisory Panel](https://benchmarkprotocol.finance/why-benchmark#team) +* [Manan Patel](https://twitter.com/Manan77Patel) joins the Benchmark Protocol[ Advisory Panel](https://twitter.com/Benchmark_DeFi/status/1369307940595904515) +* Single Asset Staking for xMARK, our governance token, is live on[ The Press](https://thepress.benchmarkprotocol.finance/stake) +* [Token holders](https://etherscan.io/token/0x67c597624B17b16fb77959217360B7cD18284253#balances) approaching 5,000 since our[ previous milestone](https://twitter.com/Benchmark_DeFi/status/1362868324409950210?s=20) of 2,500 two months ago +* Advisor[ Nicholas Merten](https://twitter.com/Nicholas_Merten) previewed the first-ever[ sneak peak of the Marketplace](https://youtu.be/kspoyNYKP6I?t=835) +* Whitelisted tokens for the upcoming Benchmark Protocol P2P Marketplace launch:[ LINK](https://medium.com/benchmarkprotocol/benchmark-protocol-whitelists-link-in-advance-of-the-benchmark-marketplace-launch-48a5f5d80ad6),[ DODO](https://medium.com/benchmarkprotocol/benchmark-protocol-whitelists-dodo-in-advance-of-the-benchmark-marketplace-launch-c2041b41b68b),[ ORBS](https://medium.com/benchmarkprotocol/the-benchmark-protocol-team-is-excited-to-announce-that-the-orbs-network-token-orbs-will-be-b33ed13c6680),[ bZx](https://medium.com/benchmarkprotocol/the-benchmark-protocol-team-is-happy-to-announce-that-bzrx-token-of-bzx-network-74f522d9cbf3),[ ONE](https://medium.com/benchmarkprotocol/benchmark-protocol-expands-development-of-marketplace-to-harmony-one-token-whitelisted-edec8ca4be93),[ CAKE](https://medium.com/benchmarkprotocol/benchmark-protocol-expands-marketplace-development-to-binance-smart-chain-whitelists-cake-for-29cfe4fb0b6+),[ GLM](https://medium.com/benchmarkprotocol/benchmark-protocol-whitelists-golem-glm-in-advance-of-the-benchmark-marketplace-launch-8ec491405432),[ OCEAN](https://medium.com/benchmarkprotocol/ocean-protocol-partners-with-benchmark-protocol-to-list-ocean-on-lending-platform-c59125025980),[ MATIC](https://benchmarkprotocol.medium.com/benchmark-protocol-x-polygon-formerly-matic-integration-announcement-9febe2af877e),[ xDAI](https://twitter.com/benchmark_defi/status/1363474383076020228?s=21),[ WAN](https://medium.com/wanchain-foundation/wanchain-and-benchmark-protocol-form-a-strategic-partnership-wantokens-empower-benchmark-dc5f7889c6a1),[ SOL](https://medium.com/benchmarkprotocol/benchmark-protocol-integrates-with-solana-network-c5d9eab5aa09) +* Parallel Marketplace deployment announced on[ BSC](https://medium.com/benchmarkprotocol/benchmark-protocol-expands-marketplace-development-to-binance-smart-chain-whitelists-cake-for-29cfe4fb0b6+) and[ Harmony](https://medium.com/benchmarkprotocol/benchmark-protocol-expands-development-of-marketplace-to-harmony-one-token-whitelisted-edec8ca4be93) + +Now Benchmark Ecosystem is accessible on different networks, via its standard token, the xMARK, which is obtainable and has been bridged to + +* Solana through[ Wormhole](https://medium.com/benchmarkprotocol/benchmark-protocol-integrates-with-solana-network-c5d9eab5aa09) +* [xDai Chain](https://twitter.com/benchmark_defi/status/1363474383076020228?s=21) +* [Binance Smart Chain](https://medium.com/benchmarkprotocol/xmark-now-supported-on-binance-smart-chain-4f8fa9e7ecb0) +* [Polygon](https://benchmarkprotocol.medium.com/benchmark-protocol-x-polygon-formerly-matic-integration-announcement-9febe2af877e) + +The stepping stone for Benchmark to scale across Chains. + +**Benchmark Lending Marketplace** + +Despite being battle-tested by the swings in the market (bearish or bullish) the MARK token has gone through 132 rebasing events and as recorded no hitch within its structure and even its tokenomics as it has definitely proven to be a quality model for an uncollateralized stablecoin alternative that helps secures investors against liquidations and market swings, this makes the token a perfect match for the industry as the MARK token is pegged to a basket of currencies held at the SDR rate, thus making it more stable than other tokens as it has the VIX incorporated in it. + +On the radar of the community is the anticipated P2P Marketplace launch that enables the close interactive lending and borrowing experiences for users, this marketplace is dubbed as the first cross-chain lender driven non-custodial platform and hence the SDR peg for MARK has been readjusted to reflect the current rate of the SDR as of April 1, 2021, which has incorporated the quarterly inflation adjustment and it’s currently at $1.429 ([SDR weights as of Q2 2021.](https://www.imf.org/external/np/fin/data/rms_sdrv.aspx)) + +Being an early investor in the project, the growth of the platform has been massive due to the ever-increasing, the mouth-watering APYs, Benchmark has continued to grow exponentially in the industry as the TVL currently stands at +$34.7M across Ethereum, Binance Smart Chain and Polygon, hence this deep pool makes the MARK token, a very stable entity, with the forthcoming Marketplace launch, the TVL will be further strengthened and will see more liquidity pools being created across other blockchains as cross-chain is the hallmark of Benchmark Protocol. *Very good for investors* + +[https://i.imgur.com/1ciJli5.png](https://i.imgur.com/1ciJli5.png) + +The marketplace smart contract has been audited by CertiK and the team is currently finalizing the front-end of the marketplace and which will support an unlimited number of ERC-20 tokens in a P2P style under a unique UI that makes the platform scalable. The platform will support an array of different loan structures and the MARK token will be used as collateral to facilitate a risk-free engagement and borrowers will not be charged with any compound interest as the loan can be paid at any time (this is due to the unique structure of the MARK token). + +[https://i.imgur.com/LWkkr7Z.png](https://i.imgur.com/LWkkr7Z.png) + +**xMARK (**the Standard) + +xMARK has been the governance token of the Benchmark ecosystem following the project’s fair launch and is also accessible across the chains, Benchmark is currently bridged to. Being the non-rebasing representation of the MARK token, this has been effectively utilized for the governance process via snapshots which is way ahead of the Forth token from AMPL. + +The first CEX listing happened on Gate.io which is one of the preferred gateways for the easterner markets as it provides a great on-ramp experience for people to gain the MARK exposure via xMARK, currently, the exchange offers low transaction fees and sports a user-friendly platform for all to gain from the Benchmark ecosystem. + +Now, I’m looking forward to yield harvesting and creating awareness on the forthcoming initiatives of both MARK and xMARK tokens as the team is keen on delivering key DeFi services to the blockchain ecosystem. + +[**Twitter**](https://twitter.com/Benchmark_DeFi)**|**[**Telegram**](https://t.me/benchmark_protocol)**|**[**Discord**](https://discord.gg/v56syTZpMX)**|**[**Reddit**](https://www.reddit.com/r/BenchmarkProtocol)**|** + +[**website**](https://benchmarkprotocol.finance/) +https://www.wsj.com/articles/trump-administration-seeking-850-billion-stimulus-package-11584448802?emailToken=c4c5af9840e243f1084f26877bd21507eaEH8VtfHLEwgPVph5I+vi8VRdHIjS/xY/5+uDeQaIU5I02VbfHFs12Tp291RxziucjU5xu9X/cJWheKViK5zjd5v1ewhSF83t4LVSY1Xr5bAGLILzNJ6FWW7Gn2T0T8&reflink=article_copyURL_share +GameStop issued a [press release](https://news.gamestop.com/news-releases/news-release-details/gamestop-appoints-chief-technology-officer) today. + +They've hired a new CTO, who is a former AWS Engineering lead and held senior positions at QVC and Zulily. He will oversee new ecommerce engineering and operations. + +They've hired a new VP of Fulfillment who previously worked at Amazon, Walmart and QVC. + +Lastly, they've hired a new VP of Customer Care, who previously worked at Chewy. Customer Care was always Chewy's angle at being successful overall, and it's good to see that customer care talent being incorporated into the new GameStop. + +This looks to be the start of the whole new ecommerce strategy. +I have a $1500 medical bill for an ER visit that I don't even remember. This bill is after insurance and I'm on my family's plan that's supposed to be really worth the $600+ per month payment. + +I cant afford this and it's completely ridiculous. No ambulance ride or anything, just a brain scan because I knocked myself so damn hard I couldn't stay conscious. I wake up and a week later they send me a bill for $1500. How the hell am I supposed to pay this? I have insurance for a damn reason. + +Guess I'm saying goodbye to my school because I have to drain my college savings to pay for this. +*EDIT: new form 4 SEC filing supports my thesis that KRTX remains undervalued at its current stage. Board director purchased shares at $69-70 this past week* + +This is crossposted from my submission to wsb + +Xanomeline is a drug proven in prior phase 2 studies by Eli Lilly all the way back in 1997 to be very effective in treating psychosis in Alzheimer's and Schizophrenia patients. However, it was dropped due to unwanted side effects from its muscarnic agonist effects (parasympathetic things like vomiting, salivation, diarrhea etc.). But, drugs do exist that are antimuscarinic, but don't cross the blood brain barrier to cause CNS effects (like benadryl makes you drowsy). You could theoretically combine them together to counteract the side effects. Trospium is one such drug; so, Karuna therapeutics was formed in 2009 to combine xanomeline and trospium as KarXT, and study it in schizophrenia/alzheimer's. + +Phase 2 topline results were released in November 2019 and were extremely positive, hitting its primary endpoint. It showed PANSS score at five weeks of treatment was 11.6 point reduction compared to placebo. PANSS is a well validated scoring system to measure reduction of symptoms of psychosis. To compare how effective this is to the best selling atypical antipsychotic that already exists, see the drug Abilify ([https://www.aristadahcp.com/efficacy-pivotal-trial](https://www.aristadahcp.com/efficacy-pivotal-trial)). That drug achieved PANSS reduction of 14.7. So why would psychiatrists potentially pick KarXT over Abilify and similar existing antipsychotics? Because antipsychotics, as dopamine antagonists, have horrible side effects. They can cause disturbing extrapyramidal effects like tardive dyskinesia ([https://www.youtube.com/watch?v=FUr8ltXh1Pc&t=32s](https://www.youtube.com/watch?v=FUr8ltXh1Pc&t=32s)). They can also make you fat, raise your cholesterol. Muscarinic agents like KarXT do not cause any of this and the phase 2 trial further demonstrates: No evidence of somnolence, extrapyramidal side effects or weight gain compared to placebo. + +And finally, of course; the Phase 2 results showed KarXT was very well tolerated as opposed to the Phase 2 Eli Lilly studies back in 1990s. There were similar discontinuation rates between KarXT (20%) and placebo (21%). + +Reward: + +Best case scenario, is compare this to the drug Abilify (aripiprazole) by BMY. They hit 7.4 billion in peak sales in 2011. As the best selling atypical antipsychotic used to treat the same things KarXT is targeting but with far worse side effects, if KarXT becomes a similar blockbuster and becomes favored by clinicians for its better adverse effect profile, then if this shit hits global peak sales of over 7 billion in the future, we can apply a conservative biotech industry average of 3x multiple to sales to generate a market cap of 21 billion. That would take years (like by 2030) but represent 1100% upside to the current price. More realistically, I would expect the company gets bought out well before then. + +Also more realistcally, other actual analysts such as from Citi project peak unadjusted sales estimate in schizophrenia to $4.7B. But, that is for schizophrenia alone. However, if KarXT eventually also proves to be effective in ameliorating psychosis with Alzheimer's, expect the peak sales estimate to climb towards that 7 billion. + +Risks: + +Your investment goes to zero because biotech. + +Financials: + +very solid. After phase 2 topline results, a public offering of 2.6 million shares priced at $96 a share should have added roughly 250 million in cash. Their 3rd quarter 2019 financial update showed cash balance of 161 million and they projected that amount ALONE was enough to fund its operating expenses and capital expenditure requirements into the second half of 2021. This includes multiple clinical and development milestones INCLUDING a Phase 3 clinical trial of KarXT in psychosis related to schizophrenia. So, at a cash pile of 411 million to start in 2020, we should expect a low probabilty of further offerings or dilution to the stock in the near future. + +Tldr: + +&#x200B; + +KRTX is severely underpriced relative to its significantly derisked pipeline drug KarXT. You can observe its stock price has climbed everyday of actual high volume with the big boys buying but has been dumped by MM/algo/panicked retail investors on low volume days. Its public offering price at NINETY SIX dollars a share in November 2019 after phase 2 results means that should be the price FLOOR for this stock at this stage. That is a 33.6% upside to yesterday’s close. + +This stock will take likely another year plus to realize the results of Phase 3 and then FDA submission after that. Perhaps early 2022 or late 2021. +Apple: iPhone 6S and iPhone 6S Plus. Refreshed Apple TV. Enterprise-focused iPad Pro. + +Google: Nexus 5X and Nexus 6P. Refreshed Chromecast. Enterprise-focused Pixel C tablet. +He said Intel would be over $100 within 6 months. Its been 6 months and Intel is now at $55. The terms of the bet required him to yolo 10k into anything wsb decides. + +He needs to put up or ban. + + +https://www.reddit.com/r/wallstreetbets/comments/kganwd/comment/ggeanhr?context=3 + + +Everything else is jibberish to fill the post. No need to read from here its just going to be my diary. + +Went out with a girl last night. Total whackadoodle. Nut job. She threatened to chloroform me on tinder before we ever met. So naturally I was completely into her. + +Her pictures are ok but we meet in person and shes a babe. She comes back to my place and we play boggle and watch a movie while eating chinese food. Some kissing but not much. She holds my hand and cuddles into me and falls asleep. + +I wake her up and walk her out to her uber. Text her this morning saying we should go out again. She says she doesnt want to. What the hell? + +She did say last night that she feels you should interpret peoples actions as a reflection of them, not of you. Still sucks though. Dating blows. + +Hopefully that is enough text automod you slut. + + +Edit: he has told me to lick his balls but chances are he wont produce those either. Ban. +I am curious as to the demographics of theta gang subscribers, is everyone here independently wealthy at 45+ years old simple living off the income from selling puts and related strategies? + +I'm asking because I see a lot of strategies and bragging about getting 0.50 %- 1% per month and being satisfied with that, with the major accomplishment of reducing volatility!!! yay!...in my opinion volatility is there to be exploited as an entry point deeply lower than where the market was assuming fundamentals are not impacted +Besides the big names in technology, what other tickers do you have your eyes on for short positions? Obviously, I am looking for names with high volume, and low bid/ask spread. Here are my choices: COIN, EEM, ITB, IYR, +I would like to retire in the next 5 years and plan on having an acct of 2mill. I will be 55 and had the same job for 35yrs so I should be able to avoid the 10% penalty. Anyone here in a similar situation have experience with this? What type of account did you move your 401k to avoid paying taxes on the entire amount? What stocks, DTE, and risks do you take? How has it worked out for you and for how long have you been doing it? Thank you. +My objective is to run a portfolio composed of 10-20 long term options. Expiration would be between 1 and 3 years. They would be primarily calls, some occasional puts, all OTM. The underlyings would be for the most part single equities. + +The problem I have with this strategy is that in order to get significant leverage, which I want, I end up being long volatility, which I don't necessarily want. I also end up being exposed to time decay, although this could be mitigated by rolling the options in the months prior to expiration. + +Of course, given my objective and desire for leverage with this strategy, I know it's impossible to be completely neutral, but I would like to hear suggestions on how to partially hedge against volatility and time decay. I also seek to integrate your proposed hedging strategies in a "bigger hedge" against other market trends. For example, if one of the single equities I'm exposed through a LEAP is a small european minining company, I could hedge against the average performance of small european mining companies. + +Thank you all for reading and for providing possible solutions. :) +Have ten thousand left over after budgeting for school so I was looking to get a better return than my current .5 percent “high yield” savings account. Anyone have some good stocks for that size of investment? +Since we are in a bear market, each bounce won't be long-lasting. Seems like when we see a bounce to resistance level, a call credit spread is a better strategy than put since now time is on my side and even if it goes side ways I still make profit. Any thoughts? +Edit: the title is misleading - I was talking about not understanding the greeks on my trades, not the underlying businesses. + +I started here just before Christmas, finding stocks to run the wheel with and selling puts. So far I've sold puts on PLTR, SPCE, PLUG, GME, MARA. I've rolled my PLUG position down and out once and am managing my trades, checking in daily. But I'm looking at my dashboard and really not understanding what's happening to what and why. I spent a long time deciding on what tickers to run the wheel on using around a 0.3 delta for each, and only going for an IV above 50%. These are all stocks I'd be happy to hold too – I can afford to be assigned. + +I'd like to get some of your thoughts though, positive or negative as I feel like I'm going round in circles at the moment. So, please and thank you, and fire away. + +Edit 2: new image + +https://preview.redd.it/ysowxsctco961.png?width=1439&format=png&auto=webp&s=e62d6f9e70144079db64e83e26c3030a0fce295a + +&#x200B; +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. +[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/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>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! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [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 think the zen Apes are on to something. Quiety living life, buying as much as they can do within their means, having patience. + +If you get good at budgeting now, you'll win in two ways. First, you'll be able to buy more GME in the short term. Second, as GME increases in value, you won't waste your money as easily on stupid stuff. + +I know some Apes just want to waste all their moass $ on hookers amd blow, but for the other 70% of us, this is a place to ask questions about budgeting and begin to take steps to get your current financial house in order. + +I'll start by quickly outlining a couple common approaches to budgeting. + +First is the micromanage strategy. Free tools like Aspire Budgeting which run off a google sheet is like this. You track all expenses, and all cash inflows. You create a monthly budget for nearly every category of spending, and track your money in detail. This is kind of like the Dave Ramsey envelope strategy. + +Second is the automated strategy. Download an app like Mint, connect it to your accounts, and let it do the work for you. It can try to auto categorize transactions for you, this is a pretty easy way to get some financial insights and budgeting done with not as much work. + +The third is just a overview type budget. In this category you don't track or worry about the common expenses that are necessary. Insurance, pa payments, electric, etc. You only track spending in 2 or 3 big categories to hp stay on track. So maybe going out to eat / alcohol. Or entertainment. By keeping a close eye on the biggest 2 or 3 discretionary categories, you save more $. + +Ask away, and other people please elaborate on anything else! + +---EDIT--- I meant this post as a way to encourage health spending/savings habits now, BEFORE MOASS. Please, work on getting your financial house in order NOW, this month, before GME price increases. It takes time to acclimate yourself to reviewing your accounts and tracking expenses; regardless of how much $ you have. +My wife wants to buy a boat, she grew up with a small one and loved it. I, on the other hand, handle all of our finances and have literally 0 experience with boats and how they work/cost/maintain ect. + + +So now I turn to you reddit. What are the costs which typically come into in regards to owning a boat? + + +Our current situation: + +-We rent a house right on a marina, on an island + +-We would get used, not new + +-I would not want to spend more then $10k really + +- we would probably keep it on trailer (no idea what that cost) and keep on our property, but whats the cost of the alternative? + +- we have a chevy malibu with a hitch... is that enough? + +- ultimately we would just want to go out on the water, and have a boat with enough speed to go tubing and water skiing, and just chill out with some drinks on with some friends + + +yearly maintenance cost, winterizing, cost/insurance, repairs, what am I looking at here Reddit? + +Thanks! + + +Edit: Man this has really blown up. From the sounds of it we will NOT be getting a boat lol. We will look to either rent, or look into local clubs. + + +Also, I'm astonished at how many times I've seen "break out another thousand" or "the two happiest days of a boat owners life", or "flies floats or fucks". There needs to be more original boat jokes lol. +Bloomberg radio interviews a lot of smart people from different backgrounds. I especially like to listen after hours when Asia is opening and we get people from Australia or HK. + +Today especially I heard from very smart people including Larry Summers, who all believe the economy is headed in south. We are no where near there now however. What is happening (raising rates to bring down inflation) has a long slow effect. First housing, then companies slow hiring, then many companies who are dependent on loans could be at risk. (Good discussion on this called Zombie companies). + +Most feel major down turn in next 2 years. +My wife and I have about $38,000 in student loans, so I would love to make a dent in that if possible. I know very little about crypto currency’s, besides just looking at their value on google every once in a while. Please help! +I'm so absolutely terrified of scams and phishing that I won't even click on a link sent from my family or friends. I'm serious. If I see the title in the link, I'll google it myself. I get so many scam texts and automated calls; it's insane! I delete everything immediately without opening it or listening to it. It's crazy that there are so many people out there, seemingly living in this dark crypto world of theft and fraud; I feel like there's more now than ever. + +The sad thing about it, is that it has diminished my trust in most everyone. As a result, I approach all conversations cautiously, always thinking there's an angle to mislead. It sucks because I know there are good people out there, who really want to engage genuinely. + +Does anyone else feel this way? + +Edit: I appreciate all of the positive feedback from everyone that can relate. As for the negative ", you need a psychiatrist, go touch grass, take a break" feedback; this sub is a place to foster discussion about the world of crypto, and this is an aspect of that world. I understand that grifters and scammers have been around since the beginning of time, but I think it has become exponentially worse. +I've been trying to budget by I'm not having any luck. I write down everything that I spend in my checking account. I keep track of that and write that down probably every other month. But I haven't been having any luck, saving money. It just seems like the more I readjust my goals the the less I have, if that makes sense. I was saving $500 So half my paycheck every two weeks. And then I thought that that was too much because I kept running out of money. Now I'm saving $400 And I'm still running out of money every week. Does anybody have any tips on how to stay disciplined and save money? Right now I go out every day for lunch. I'm going to try to stop that. And then there is gas but I still am not sure what I am spending on that is taking that much money. I spend $10 on breakfast and lunch everysay in the morning I could probably cut back on that and cut back on subscriptions. But I feel like lunch and breakfast are necessities. $40 on gas when I get my paycheck. +We've been in a place for three years but my landlord has always been slack. Won't spend a cent on getting things fixed and avoids using tradesmen. There's various other things he's done (or hasn't done) which I find objectionable but won't get into here. + +The place is othwerwise ok and we've been nothing short of fantastic tenants who've paid around 120k off his mortgage during that time. We've allowed leases to continue during this time due to a combination of slackness, being super busy and enjoying the convenience of where we are. + +But the lease ran out last month so we decided to let it ride. We are financially independent and could purchase down the track but not now so no dramas there but my partner will likely lose her job (with a payout). + +My question is how hard do I go with landlord (who owns multiple properties). I don't want to be awful but honestly he's been a bit of a prick in the good times so part of me wants to squeeze him for a decent rental reduction. Other option I guess is to move but clearly not a great time for that. + +Thoughts on strategies here? +I need a News API (including press releases) for my trading algo, any good suggestions? Maximum $100/month. Bonus if it includes sentiment analysis. + +I have tried contacting Refinitiv, Bloomberg, Factset and that's too expensive. +Seeking some advice on this. + +I'm currently using Alpaca because the API is extremely easy to use for a decent python user like myself and I pay a fixed rate of $50/month instead of trade commissions. I also pay $200/month for real time market data from Polygon. + +But I'm thinking about switching to IBKR because it has a larger catalogue of stocks to buy and and I'm skeptical of Alpaca's order execution. Today a limit order did not execute in my paper trading account despite the price going below my limit price. Maybe this would have been executed in a real trading account - not sure. But I've heard IBKR is pretty stellar when it comes to execution. I also know I can get market data from IBKR but the pricing is confusing and I'm not sure whether it will end up being more expensive than polygon (I need one full market snapshot each morning of previous day's close and volume, and current day's open price. I also need to track the real time price of 500-2000 stocks each day. If anyone knows around how much that would cost per month through IBKR's feed that would be super helpful!) + +Any other thoughts? Thanks folks. + +EDIT: I have also noticed that Alpaca does not provide access to a lot of the stocks that my strategy trades in its backtest. I imagine that IBKR probably has a larger selection of stocks, but I'm not sure. Would any IBKR users be willing to provide me with a list of stocks they have available? And for anyone who needs it here's a downlink to a numpy file with a list of all 12,000 stocks currently available on Alpaca: https://www.dropbox.com/s/h9sjrwj3p24g93k/alpaca_syms.npy?dl=1 +Are there any comprehensive resources (preferably books) on algo trading in MATLAB or C++? I’m a beginner to algo trading, but experienced in C/C++ programming and MATLAB. + +I don’t really want to stick to any trading web app, just get solid foundation in the field. +[ungated](https://archive.is/bkZI5) + +>A Wall Street Journal analysis of [millions of posts on WallStreetBets](https://www.wsj.com/articles/a-week-inside-the-wallstreetbets-forum-that-launched-the-gamestop-frenzy-11613212202?mod=article_inline), the performance of the most-mentioned companies each month and interviews with traders show what makes a stock take off. +> +>Stocks with the highest chance of success tend to have low share prices, typically under $25 a share, and be lightly traded. Low share prices allow small-time traders to more easily accumulate stakes and can sometimes signify cheap valuations. Share prices of lightly traded stocks can more easily be pushed higher or lower than shares of stocks that are more frequently traded. +> +>Big companies with high stock prices and volume—like the third-most-mentioned company last year, Apple Inc.—tend to be unswayed by what happens on the message board, according to Hudson Cashdan, co-founder of TopStonks.com, a website that tracks equities mentioned on Reddit. +> +>The success stories often share common traits with stocks selected by pros. The companies appear to be undervalued by some measures and have near-term catalysts to improve their business or at least generate excitement. +> +> The sales pitch matters as well. Savvy promoters set conservative goals for returns, pick risky companies that can generate buzz and turn technical details into meme-ready pitches. +> +>... +> +> +> +>METHODOLOGY +> +>To determine how stocks that were heavily discussed on WallStreetBets performed in the market, the Journal took the top 15 mentioned tickers each month of 2020, according to TopStonks.com. Then the Journal examined posts on those companies that were tagged as due diligence, which detail why a stock is worth buying. That yielded 171 submissions. +> +>The Journal then identified the closing price of the stock mentioned in those popular posts for the date of the post and calculated the 30-day performance. Stocks that met the criteria for several months were analyzed over all of the time periods. Stocks without due diligence tags weren’t included. +Hey, a Buddy and I are currently working on building our own tradingbot, mainly focused on the RSI (we are both novices, but having fun). We were not able to find a formula for the RSI that was matching the one on tradingview. Do any of you know the formula or the way tradingview is calculating the RSI? +Or do you know how to import the RSI from tradingview? + +Thanks in advance +1. Describe how good you are through grades, mental agility, confidence, awards, or school/education? +2. How long have you been profitable using your algo? +Hey, a Buddy and I are currently working on building our own tradingbot, mainly focused on the RSI (we are both novices, but having fun). We were not able to find a formula for the RSI that was matching the one on tradingview. Do any of you know the formula or the way tradingview is calculating the RSI? +Or do you know how to import the RSI from tradingview? + +Thanks in advance +From your personal experience, how long does your edge last on average? + +From my research, short term swing trading systems (1-10 days holding period) can last for several years. +Well its about 9pm here in Dallas and Im a little drunk and by myself at a bar so I figured why not rant about my stupid mistakes in the hopes someone else will learn from them or hopefully...make me feel better about how stupid I feel. + +&nbsp; + +Where to start?...Well I posted on here about two months ago that I got a "dream job" that doubled my income which put me in a position that Ive never been in before...that position is having enough money to make mistakes I couldn't do before. + +&nbsp; + +Im young relatively speaking (24 M) and have a great career that pays well (120K +) and get to work from home. Sounds great! Right?...well it could of been if I would of APPLIED the principles that redditors on this thread preach on a daily basis, instead I just read them and completely disregarded them (albeit not intentionally). + +&nbsp; + +What do I mean by disregarding them?...I started to buy things NOW based off my POTENTIAL INCOME in the future. I work in a niche industry that is growing rapidly and I am lucky to be in the forefront of that...but guess what? That doesnt mean shit. I could be jobless and broke tomorrow. Yet all of the debt I currently have would still be there and I would be SOL. + +&nbsp; + +How did I get here?...Welp I decided to move into a studio apartment next to the beach (my gf decided that she ONLY wanted to live near the beach) paying way above market price (South Florida) for comparable properties further inland because location amirite??..On top of this my gf lost her primary job (which gained majority of her income) as soon as we moved in and now I have to pay all of her bills except for about $600/mo which she makes per month from her internship. How does my gf react when I ask her to get another job?...Give me some time its only been two weeks! Fair enough. + +&nbsp; + +But I should of planned for this right?...Well I planned to pay majority of rent...what I didnt prepare for was all the extra costs that come with a new place. Couch? $1500 because we cant buy a used one (this one I actually agree with)..Bed? $1000 (love the bed but the one we had prior would of sufficed until we were ready)..Need a new TV right? Of course! $1200... plus TV stand and desk for my office...another $500. But these weren't the costs that really put me in this position, what did that was of course the UNEXPECTED costs that come with a new place (yes I know everybody talks about this but yet again I only read their advice and didnt apply it to my situation). + +&nbsp; + +Vaccuum Cleaner? Pots and Pans? Silverware? Cleaning Supplies? Toiletries? Bed Sheets? Curtains? Cables? Tools?...literally every single one of these things except pots, pans and silverware I COMPLETELY forgot to account for as initial move in costs...and because I didnt have an EF of any kind (another big NO NO) I had nothing to fall back on but my credit cards....oh and another HUGE expense...PETS. + +&nbsp; + +I love our dog. We adopted him from the shelter as soon as we moved in (another HUGE no no) and guess what?...Ticks. Fucking ticks. Had to buy him a bunch of medication and products to take ticks off him and pay an exterminator to come clean the apartment (yay another unexpected expense!) ON TOP of all the costs that come with correctly owning a dog. Dog beds, food, toys, leashes, shots, vet bills, insurance, pet deposits (huge expense I didnt realize...almost $600 at my apartment) and cages all were expenses I didnt realize would come in all at once (again I realize how stupid this was) and I only accounted for a small percentage of their actual amount. + +&nbsp; + +Anything else?...Yep my company decides to book me on travel for the next 2 months straight and guess who has to front the expenses to be reimbursed? Me. + +&nbsp; + +So long story short...if you look through the endless posts here on FIRE try and actually APPLY them to your life. Dont just read them and say to yourself.."Oh I will do that once I'm in xxxx position"...that will never happen. Live frugal, cut expenses and try to increase your income. Live BELOW your means (Im still trying to get my gf on track for this) and no matter how good you think your situation is...understand that it can be messed up completely or gone by tomorrow. Trust me. + +&nbsp; + +I feel embarassed that I got such AMAZING advice from fellow FIRE redditors when I initially posted about my new job and applied NOTHING. All I did was read the advice and say to myself.."oh I will do that once I have xxx"...now look where Im at. I make 6 figures and have never been more broke. I had to borrow more money just to make ends meet until my initial paycheck (I only get paid once a month now...of course) and my expected total debt payoff has now been extended by a couple months by my calculations. + +&nbsp; + +Well that's my rant...hope it can help someone else who might be in the same position (obviously youre not alone) or someone who is thinking of making the same mistakes without CLEARLY laying out a PLAN...and above all the point I am trying to hammer home is to NOT just READ the PRINCIPLES laid out here by fellow FIRE redditors but to actually APPLY them to your life in a rational way because no matter how well off you think you are...youre just one job or paycheck away from hardship if you dont properly plan. + +&nbsp; + +Sorry about the annoying capitalizations but I feel like those are the most important parts Im trying to present...and Im drunk, so theres that. +I'm the only one who works. My husband is 40 and I'm 34. My income is 52k. Our total monthly expenses come to about $1870 and my parents help pay for my car each month. My husband really wants a spacious house to work on his sculpting hobby, but I don't think we are ready until he brings in some income. I personally would like to save up money for traveling instead. He complains about our living situation constantly and the lack of space. We live in a less than ideal area but our rent is only about $700. When I try to talk about budgeting with him, he gets irritated. How can I explain to him that getting a house is not a good idea without seeming selfish? +[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/) +Prior to GME, I was a novice investor that picked a few stocks based on the relevance to up and coming trends and selected run of the mill index or target funds. I did alright, nothing special and I felt like I had an ok understanding on how things operated. I was fairly content to continue on this route for the foreseeable future and hope that after 20-30 more years I will have enough to retire. + +In the last 3 months my eyes have been opened. I don't think I will ever be able to fall back into line with the rest of the world being brainwashed. I have enough shares that after MOASS I could just, convert to gold, bury in my yard and dig it up when I need it, never needing to invest it again. Believe me its tempting to do just that. + +I am like to find a balance, with heavy diversification in many different things, like real estate, crypto, international stocks, possibly some VC action, and lots and lots of charity work. +https://www.bloomberg.com/news/articles/2018-03-14/theranos-ceo-elizabeth-holmes-accused-of-fraud-by-sec + + +Oops... + +>The SEC says Holmes and Balwani raised “more than $700 million from investors through an elaborate, years-long fraud.” + +Still developing right now. Good shit. +SO lives in Florida and has been collecting unemployment since her resturant closed. Her father then helped her refile for the unemployment benefits. She then recieved about 10 backdated payments from Mass in unemployment, as she is a dependant to her mother in Massachusetts. Now she's super nervous about it and I dont know jack about the welfare system. Is this legal? What would be the next step for her? + +Edit: she collected unemployment from MA in March and April. Collected unemployment from FL in May and June. Not sure if this changes anything, but just to note she wasnt collecting from both states at the same time +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. + +Looking for some honest, impartial advice here (yes I follow flow chart, big fan!). + +How do you balance working towards long term goals (FIRE, kids etc.) while simultaneously working towards short terms goals (house purchase, wedding, vehicle etc.) when the short terms goals are less clear? + +In order to be tax efficient and to make up for not contributing to a pension until I was 25 years old I am currently contributing 25% of gross pay via salary sacrifice to my company pension which brings me back into the 20% tax bracket. My employer already puts in 12% for a total of 37% pension contribution. If my salary jumps to the next band (some time in the next 12 months) I will be contributing 55% to pension (including company 12%) and nearing the annual allowance at age 30. Its seems to be crossing the line form forward thinking to stupid or at the very least self-restricting. + +I'm in a stage of life where everything is in flux. I don't know if I will still be renting the same flat in a few months, I don't know if I will have the same job in 2 years time, I don't know if I will still be in the country in 3 years. I would like to have as many options open to me as possible so that If I do stay in the UK i.e. I could buy a house within my means. At the same time I need to be thinking about my long term goals which are far clearer (owning a home outright, living well within my means and a comfortable and early retirement). + +&#x200B; + +Help? + +&#x200B; + +**Key questions:** + +1. If this salary and generous pension contribution are not forever is my current approach optimal in taking advantage of it? +2. Assuming my salary grows at London levels with career progression is there a point where I should just accept being a higher tax payer? Does it make sense to put over 50% into a pension or up to the annual limit whilst being young and almost certain to hit the lifetime allowance? +3. What is a reasonable approach to balancing near term goals given that I don't know where I want to live long term, with my long term FIRE goals? I don't want to get? +4. How do I best capitalize on the fluidity of my life and the high London salary while I have it? +5. Should I hold more money outside of a pension in order to have access before 55? + +**Long term goals:** + +* Financial independence (retirement or ability to work for pure pleasure by 55 or earlier) + +**Short term goals:** + +* Have the option to purchase of 2 bedroom flat/house with an outside space c.35 from Charring Cross station ( I think I will have sufficient saved for deposits etc. within the next 12 months) +* Have the option to purchase a second hand car (should have enough saved within the next 12 months) +* Potential to support myself for c12 months if I go to business school (if this is entirely self founded I would need c.£90k to cover living costs and tuition. I'm on 0 at the moment) + +**Background:** + +* 29 years old +* No debts of any kind, student or otherwise (monthly credit card spend paid in full each month) +* Renting in London flatshare c.£700 pm all inclusive (this is half the cost as I split with my partner) +* Higher tax bracket on c. £60k pa base salary (London) +* Employer contributes 12% to pension requiring 0% from me +* Salary sacrifice for bonus and monthly pay is an option +* EU national and very uncertain about my long term future in the UK however I have been here c.4 years and likely to still be here for at least c.3 more years +* Scrupulous budgeter (YNAB) with tracking down to the penny going back 4 years + +**Savings total of c.£60k broken down by:** + +* 6 month emergency fund held in high interest current accounts c.£8k +* HtB ISA maxxed at c.£8k (£200 pm since it was announced). HtB gives greater flexibility and to access the money before 60 should I choose not to buy in the UK over a LISA +* S&S Vanguard LS100 accumulating and maxxed annual allowance (less the HtB) c.£30k +* Additional non ISA Vanguard FTSE Global All Cap c.£12k + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I know people are sick of GME but ya'll can go fuck yourselves. Regardless of what you think of the company's future, MOASS, the cult-like hopium echo chamber, etc when looking at the chart over the past year, it's really hard to deny that there has been some cyclical price movement. And guess what, we're in the process of making another run, as expected based on previous cycles. Some nice green dildos so far this week with Tuesday +13% and Wednesday +7.5% but have no fear, you haven't missed your chance to yolo in you fucking degens. + +Take a look at this very dumbed down chart: [https://i.imgur.com/5IHrw0g.png](https://i.imgur.com/5IHrw0g.png) + +All I'm trying to show here is the approximate 60-trading day cycle that we can track over the past year from peak to peak. It's important to note that the sneeze last January was not tied to any of these cycles. Based on the 60-day cycle, the current run will peak around 2/18, which is in line with a big OPEX clearing date. What happened around this time last year? how about the stock more than doubling over a 2 day period. If we can break the year-long trend and run into OPEX, a significantly larger move up is possible. + +While the stock is the lowest it's been in quite some time, it's primed for a big move thanks in part to the options chain. + +Here's some fun options activity from today: [https://i.imgur.com/5hkr52g.png](https://i.imgur.com/5hkr52g.png) + +Some pretty nice call buying pressure coming in. The put/call ratio has flipped to heavily favor calls, both in volume and premiums. + +Ortex Data: [https://i.redd.it/fmwok3vxitg81.png](https://i.redd.it/fmwok3vxitg81.png) + +Considering short positions are self-reported and I don't really trust Ortex data this all has to be taken with a giant fucking grain of salt but it's interesting to note that over the past month cost to borrow and utilization is the highest they've been since before last January with utilization reaching 100% today. There are some interesting theories as to why we're seeing this now but that's too complicated for me and not important to the point i'm trying to make. + +To show my level of weaponized autism, you can see my positions below. + +[https://i.imgur.com/mk5EArk.png](https://i.imgur.com/mk5EArk.png) + +Oh also, [https://i.redd.it/dkzcb7poux381.jpg](https://i.redd.it/dkzcb7poux381.jpg) + +The data i reference has bIeen pulled from various posts/DD of late and is not my original content. Considering my extremely low IQ, I'm not nearly capable of coming to these conclusions on my own. What's been particularly pleasing to my smooth brain is how multiple people have come to similar conclusions around these cycles, even when taking different approaches to get to the same end place. + +ok, now i'm ready for the gme hate... +I'm a landlord (downvotes to the left) renting out my old PPOR while I rent myself closer to work and I've noticed that anytime any work is required on the property the costs seem to be a lot higher than normal. + +For example, I had two old taps that would leak from time to time. Before I left I had a spare one in a drawer so I went outside, unscrewed the old one and screwed on the new one, good as new. Skipped my mind to fix the new one so had the agent get someone out to fix it for the tenants and it cost me $350. + +The tenants were having trouble getting tv signal so the agent asked if they could have someone out to look at the tv aerial. No replacements but it still cost $230. + +When I left I obviously cleaned up the place but it needed a vacuum still, agents charged me $550. for a 110 square metre property. + +Stuff like this happens almost every month so a good 30-40% of my rental income is being taken up by this. I want to be a good landlord but it's hard when I feel like I'm getting ripped off. When I lived there and had people come out for stuff it was no where near this expensive. I issues with the evaporative cooler on the roof and it cost me a whopping $50 for two guys to come out and replace a part in it to fix it. + +Is this a case of the agent getting kickbacks from the contractors? Maybe a case of them charging more knowing the landlords not there? Is it worth trying to swap agents or does this match your experiences? +One major benefit of FIRE style early retirement, is that we typically accumulate a lot of savings very quickly. Only a portion of our taxable funds are gains. Thus, even in the worst case scenario of drawing everything from a taxable account, my 'income' would likely be less than half my actual draw. It's possible draw a very comfortable amount and only realize a taxable income a fraction of that. That makes us eligible for larger subsidies, and lowers the cost of health insurance. + +So, it's great that ACA marketplace plans are (relatively) affordable for us, but affordability is nothing if the plans themselves aren't good. For those of you relying on such plans, how well do they actually work compared to the workplace plans you had before? +[investorrelations@gamestop.com](mailto:investorrelations@gamestop.com)This is the investor relations email for GameStop, email them telling them your full name, the country you're based in, and the number of shares you own and request an Emergency Shareholder Vote and a Reverse Stock Split. An Emergency Shareholder Vote would mean eliminating all synthetic stock and taking leverage away from short-sales and a Reverse Stock Split would cause Citadel and any other phantom shares creators to be stuck holding their losses on their shorts position. This is the quickest way to help end this situation once and for all. + +You can do this using the template below created by u/Whiplash51 + +Subject : Fears of potential securities fraud + +Hello, + +My name is ----- -----, I am located in ----- and I currently own ----- shares of Gamestop stocks. I have reason to believe that the brokerage firms and clearinghouses I've used to make trades have created synthetic stock positions with no ability to actually follow through with them. In order to make sure that these groups are not counterfeiting your company's stock, I request that we hold an emergency shareholder vote. This is necessary in order to shield the company from bankruptcy and minimize potential exposure to massive security fraud. Due to recent events and suspicious trading activity, I would like to also propose a reverse stock split to ensure the legal amount of shares have been issued. + +Thank you for your time, + +(your name) + +&#x200B; + +Full disclosure, I didn't come up with this idea, credit goes to both u/gnadami and u/Precocious_Kid for it, I'm just reposting with a template to help spread awareness about this and get more people in on it. + +EDIT: I've updated the post to include the template created by u/Whiplash51 since I think it sounds a lot more professional, additionally, u/canadian-brasilian suggests that we contact the largest shareholder of the company to ask them to call back all the short stocks. The largest shareholder is Fidelity Investments and you can contact them via their form linked below: + +[https://www.fidelity.ca/fidca/en/contactus](https://www.fidelity.ca/fidca/en/contactus) + +And for anyone wondering what the logic behind all this is, here's an article courtesy of u/johnjacobbtc explaining naked shorts, how they can be manipulated, and how a reverse split stock can help solve this issue. Read the paragraphs "Naked manipulation" and "Where Naked Shorts Go to Die" - [https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/](https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/) + +EDIT 2: So apparently the email has been down for some people so here's an additional [petition](https://www.change.org/p/gamestop-shareholders-call-for-emergency-shareholder-meeting-for-gme?recruiter=1179204457&recruited_by_id=8db1ddd0-6754-11eb-a431-eb84b8ee3112&utm_source=share_petition&utm_medium=copylink&utm_campaign=petition_dashboard) you can sign created by u/confusedmongoosifer +These stats are pretty crazy: + +http://thereformedbroker.com/2016/05/15/global-ageing-stats-will-blow-your-mind/ + +You know what I'm gonna ask. What companies and industries are well placed to capitalize on this trend? + +EDIT: my approach is to invest in healthcare REITs like VTR and HCP. +Just need to vent a little...A couple of friends and I go to visit a certain shelter every month to volunteer. We love it, we love the people there, and it's super fulfilling in a number of ways. The shelter isn't too bus-accessible (in a suburb-ish area) and we can't get there via train. + +Usually Friend A is nice enough to drive us but was unable to this month due to other plans. Friend B reached out to me asking where we would meet to get there. Tbh, I was originally planning to go alone and meet everyone at the shelter, but I love the company I'd be with, figured I didn't mind doing a favor, and knew it wouldn't go over the $15 I had budgeted for transportation until next paycheck. + +I ask Friend B if they'd be ready by the time I got there, and they said yes. So I booked a lyft to our meeting place as stop #1 and added the shelter as stop #2. I let my friend know the exact time I would be there. The Lyft arrived at the meeting place two minutes late, no biggie. Called the friend, texted, texted again, texted a third time - all no answer. *Eleven* minutes later my friend comes out the door and we're on our way. Friend says that they misunderstood the messages I sent, and was eating inside. That's fine, but my ride cost me $19, and I may literally have to break open a piggy bank so my account doesn't bounce... + +Have you ever had a time where going the extra mile for someone put you in a bad spot although you were willing to do it? +Hi everyone, + + +I'm for some advice/options on how I can help my mum financially in the short/med term. She is in a tough situation and I can see her 'giving up'. I tried to talk about money last night with her and she immediately cried and said that she doesn't want to be a burden. + + +Background: +Mum is late 50s & self employed: runs dog kennels. Market is highly volatile and business is low. +She has increasing health problems (and a few health scares) which mean working is becoming increasingly difficult, and depression is also setting in making it difficult for her to move forwards. + + +Very limited savings <£10k and little to no private pension from what she knows (She has been self employed for a long time, and when in full time employment over 10 years ago she thinks she opted out as much as possible as she was a single parent trying to make ends meet). Would qualify for full state pension in \~10years? + + +The house is mortgaged - probably around £60k left on the mortgage, with house value of \~180k?. She is currently on a variable rate because her income isn't allowing her to remortgage and fix. There is a life insurance policy on the house which will pay of the remainder on death - this will likely be invalidated if we take any of the below options. + + +When the pandemic hit, I did a full bank audit/clearout with her to minimise spending as much as possible - though it has probably crept in the past couple of years, so I could look at that again. + +Outgoings likely £1500-£2k. I wouldn't be surprised if the shortfall is of the region of £1k per month currently. + +&#x200B; + +Options: +I think we need to take some fairly big moves to help her - but I dont know about the practicalities. +1)I could afford to support financially for a while (although she is adamant she wont accept it). + +2) Add me/my brother to the mortgage to try and bring the rate down? (We both have our own houses with mortgages already though) + +2i) Use a remortgage to try and release some equity - do what with it though? Deposit for another house to rent out, try and bring some consistent income? HMO? + + +3) Sell the house to me/my brother on a buy to let (if we even could) and rent it back to mum for the BTL mortgage level? + + +4) rent out spare room to lodger? Part time job? + + +&#x200B; + +How feasible are options 2/3? What other options are we missing here? +Neither me nor my brother are interested in 'preserving inheritance equity' - we just want to see mum comfortable and able to enjoy the next 15/20 years as much as possible. + + +Thank you in advance for any help/advice that can be offered! +🔥🚀 $SAFEROCKET – The COUNTDOWN Begins | T-2 Hours Until Launch | This Is Going To Be HUGE | 3,000 Telegram Members Seatbelts Ready🔥🚀 + +Are you READY for the BIGGEST PRESALE Coin of the DAY! + +SAFEROCKET – DESTINATION – MOON & BEYOND + +NO DEFI, NO BULLSHIT, NO HONEYPOTS & NO RUGS – (liquidity locked for 4 months) + +Countdown – [https://countingdownto.com/?c=3539036](https://countingdownto.com/?c=3539036) (Only An Hour or Two to go)🔥🚀 + +Telegram – t.me/saferocket1 (stay here for all launch information, as soon as it drops) + +Twitter – [twitter.com/saferocket2](http://twitter.com/saferocket2) + +Buy Presale – dxsale.app (after countdown) + +Do not bother with anything else, this is the one. + +✅ Presale Within 2 Hours via DXSALE.APP (standard contract) + +✅ Fair launch with buy limit (Softcap 10BNB – 420BNB + +✅ Min Buy In 0.5 – Max 10BNB + +✅ LP tokens ( liquidity locked For 4 MONTHS) + +🔵 Website Launch + +🔵 Applying for coingecko + +🔵 Applying for coinmarketcap + +🔵 Marketing (ongoing) + +🔵 Apply to list on exchanges + +🔵 New platform extensions + +🔵 Website redesign + +🔵 More marketing efforts +EDIT/ CoinMarketCap listed the top 5 trending coins in America this past week and guess who was number 1 😎 BEPRO!!! + + +So what is BEPRO? Well I’m glad you asked ;) + +BEPRO will be poised to disrupt the DEFI sector as it’s one of a kind and the first ever ‘Code-as-a-Service protocol’ where you can build your own DEFI apps for esports, NFT, Gaming, Prediction Markets, Casino, Staking, Yield Farming and just about any other DEFI app you can imagine. + +Now I’ve been seeing some posts and people mention that now all the sudden that they realized the circulating supply is 5.5B and that means BEPRO won’t grow as fast as they had hoped. Right now it has roughly **only a 150M market cap** and has plenty of room to grow. Max supply is around 10B and they will be slowly releasing them as time goes on. + +First off there are plenty of coins with supply that is similar that have already taken off this bull cycle so that shouldn’t even really be an issue. Things take time to play out and it’s not going to explode in a day but just step back for a minute and look at CHZ, ENJ, Harmony ONE, or MANA and they all made huge moves in a matter of months! BEPRO has a working product with paying clients that may I remind everyone will be buying a lot of the supply of available BEPRO tokens causing constant buying pressure. Just wait, as BEPRO grows more of that supply will get bought up and there will be a point in the future where no more coins get released and what do you think that will do to the price!? Maybe some people are just not seeing the bigger picture here things can move fast in a bull market and we are literally a few big announcements and partnerships away from taking off. After watching the interview with CryptosRUs and the CEO I’m extremely bullish and can’t wait to see what happens in the coming months. A tier 1 exchange listing is in the works and it seems to me that they are just waiting for the right time so let’s all just have a little patience and relax cuz this will inevitably take off. Someone else explained in a comment that BEPRO is like the plug n play of the crypto era and that it’s the next logical step when it comes to crypto growing as a whole. Think about it, BEPRO let’s others create using their platform pretty much leaving endless possibilities. There is so much to like about the project and from the research I’ve done it looks like it has the staying power and will be around for some time! Right now the team is extremely busy working with setting up some new clients/partnerships and I’m under the belief some big news will be coming in the following weeks/months so while it’s on a dip it might be one of the best times to accumulate especially when it’s only around .02$ because I don’t think it will stay in this range for much longer! None of this is financial advice and I highly recommend you DYOR and take a look at some of the info I have linked at the bottom of the post! + +We got something good here and remember the people who made the most money during the gold rush weren’t the ones mining gold themselves.... it was actually the people who sold the shovels and the mining equipment that came out on top so just think about that! + + +BEPRO Working product since last year! + +**Already a revenue generating company and VC funded by the likes of @NGC_Ventures + and @Utrust + Ventures!** + +Paid clients - polkamarkets +, Exeedme +, tknofficial2 +, BistoxGames + +**Partnerships** +* Chainlink +* Elrond +* Polkamarkets +* MoonBeam +* Exceedme +* Ankr +* Kylin + +I highly recommend anyone who is interested to take the time to watch this interview that aired a few days ago with the CEO as it will answer a lot of questions you may have and it was super informative! This is a huge opportunity and we all still have a chance to get in early. + +[YouTube Interview with CryptosRUs and the CEO of BEPRO Rui](https://youtu.be/MzWH3zBhhpc) + +Edit/ [DD on BEPRO GOOD READ FOR THOSE INTERESTED ](https://www.reddit.com/r/BEPRO/comments/m8plch/bepro_network_community_due_diligence_package/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) + +Edit/ new video that shows real use case!!! +[Demonstration of BEPRO esports Demo launching your own platform ](https://youtu.be/O9iO1sQl3_c) + +Edit 2: **Available on Kucoin, Uniswap, and Bitmax** +**Most millionaires don't just life the high life. They budget wisely to maintain their affluence and net worth.** +If they get a raise they do not automatically increase their standard of living in proportion to their salary. Instead, they learn to invest the additional money so that they can retire earlier. The majority of self-made millionaires have modest backgrounds and become rich by saving their monthly earnings and avoiding spending money on things they don't really need. + + I work in technology and it's surprising how rare it is to find someone who budgets judiciously and plan for their retirement. Most of my colleagues don't even contribute to either 401k or Roth IRA EVEN WHEN THE COMPANY IS OFFERING A 5% MATCH. Others only contribute up to 5% because they have to pay off their expensive car or are saving up to buy that 65' LED TV. A lot of them have never heard of Mint or YNAB or Vanguard. + +**Wealthy people believe that financial independence is more important than flashy social status.** +Being financially independent plays a significant role in your well being. Of those in the same income bracket, people who are financially independent are happier than those who aren't. However, what does it mean to be financially independent? It essentially boils down to the fact that you are able to continue the same lifestyle you currently maintain now when you retire. Also, you have made accommodations for any financial crisis in the future. Financially secure people are clear about their future goals, and that enables them to organize their household expenses according to personal priorities. + +You can have a high income, live in a big house, drive luxurious cars and wear designer clothes. Yet, it is a terrible indicator of your actual wealth. Most millionaires don't have as much money as you'd expect. To calculate the expected wealth of a person: take the person's age and multiply it by the pre-tax annual household income, followed by dividing the result by 10. For example, Joe earned $250,000 last year. He is 50 years old. His expected wealth will be 50 multiplied by 250,000, then divided by 10. which equals to $1,250,000 + +But, by squandering his cash on luxury goods, Joe's actual net worth is less than $260,000 He's no millionaire but an under accumulator of wealth. As a result, he is not worth as much as he could be. + +A friend of mine bought a $60,000 car and he was bragging how people come up to him to talk about his car whenever he goes to parties. Currently, he is contributing $0 to retirement or investment of any kind. + + + +**Millionaires are aware of where their cash is going and spend a considerable amount of time planning their investment.** +Surveys have repeatedly shown that for every 100 millionaires who weren't budgeting and planning their financial future, there were 120 millionaires who certainly were. Planning and restructuring expenses is the key if you want to retire early. Set a goal, such as having a specific amount of cash put away for retirement. Then, budget your expenses, living costs and investments. + +On one hand they are frugal, but they do not cut on important expenses like healthcare for their loved ones, house and car insurance and tax advisers. Likewise, they know to buy products and services that vastly improve their businesses (additional office space or software) and quality of life (gym memberships, gardening, groceries). + +**Contrary to popular belief or the stories covered in news, most wealthy people are thrifty and mindful of their spending.** +On the other hand, I have seen so many of my colleagues who just got out of college and ended up buying a $40,000 car as soon as they landed their first job. They didn't even give too much consideration to miscellaneous expenses like costly insurance, higher gas costs (since their cars require the more expensive grade gas), maintenance, registration fees, etc. They have never heard of discount stores like DDs, BigLots, Ross or TJ Max/Marshall's. + + +Conclusion: +Overall, this is a good book but it is aimed towards people who are new to FI rather than this subreddit. It could have been a lot shorter as it tends to repeat the same points in different chapters. So, if you are still planning to read this book, I'd suggest to just get the audiobook since you can increase the playback speed and get done with the book in half the time and you can listen to it while you are driving, walking or running errands. + +I have read and prepared summaries of over 2 dozens books on investing and finance this year. If there is any interest, I'll be happy to share them with everyone. It might help you decide if you'd want to put in the effort to read the whole book or not. + + +I usually lurk but I learned a very important lesson in life to give a heads up to others. If you love anyone in the world, please take a few minutes and get a will done. You have no idea the trouble you are saving your remaining loved ones. + +My grandfather, 92 at the time of passing, went into quick decline and died in less than a 2-week span. He left a bank account with 16k and NO WILL filed or written in his home. This situation has torn our family apart. + +Since he died without a will we had no access to his funds to pay for the remaining costs. We were left paying for the funeral, casket, burial service, religious figure to be present, lunch for guests. Other small costs like removing his furniture from his apartment we're required. We also all had to get together to pay the remaining two months of his car lease AND 10 months of his rent. + +This situation gets really heated when 3 remaining family members have to negotiate and fight to split major costs. + +So if you love ANYONE please take the time to go to a bank and get the will notarized, a lawyer, or do it in an online service. you have no idea the stress, tears, and potential bond of your family your saving. + +Hi all, + +I have been on my fire journey over the last several years. + +I have made a lot of progress, but I am feeling exhausted. I feel the need to pause for a few months. I have been deferring a lot of my wants over the last few years. + +Anyone else feel this way? Did any of you feel the need to take a pause? Or did you manage to overcome this feeling? +I've been toying with this idea; please poke holes in it or tell me if it's a good one! + +I came across the [variable percentage withdrawal](https://www.bogleheads.org/wiki/Variable_percentage_withdrawal) strategy in the Bogleheads wiki. It basically entails withdrawing an increasing percentage of your portfolio each year as you age: between 3 and 4 percent until age 40, up to 10% by age 88. (It's advised to buy an annuity around age 80 so your needs are covered even if you live past 100). + +The benefits are that there's no risk of running out of money prematurely since the withdrawals are adjusted based on market returns, and that you're less likely to die with a giant pile of money you never got to enjoy since you withdraw increasing percentages as you age. + +The drawback is that there are bigger ups and downs in the amount of money you have to spend since withdrawals depend on market behavior. + +So, why not combine this with the constant dollar strategy to reduce those ups and downs? + +Divide your money into two pools: needs and wants. Needs is not necessarily strictly necessities; it's things you're not willing to cut back on. The wants pool is for things you're willing to vary your spending on depending on what the market does. For example, vacations, or buying art, or whatever. + +For the needs pool, we'll withdraw an inflation-adjusted 3-4% of the starting balance each year. This gives us a spending floor so we get to enjoy our minimum satisfactory lifestyle even in down years. For the wants pool, we'll do VPW. If you get more money next year, you'll plan a more expensive vacation, if not, you'll skip the vacation or go somewhere cheaper. It's also an extra safety net in case your needs end up costing more than anticipated. + +I like this idea because I'm not interested in frugality for its own sake--only as a means for buying freedom. If I have confidence that I can afford to spend more, I want to spend it. And I like the idea of having a spending floor, since many of my expenses are predictable. + +Is this dumb or smart? Is it overcomplicated, and is there a simpler way to accomplish the same objectives? What would be the simplest way to execute this plan--separate accounts for the two pools, or could you split them virtually? Would it make sense to use different asset allocations for the two pools? +DOGE was a whopping .14 cents when I woke up at 6 a.m. at 7:30 A.M the price jumped 12% and within 5 minutes was back down to .14 cents and now sits at a 3% total gain for the day... + +It's so nice that the clear pumping from influencers is dying down. Regardless of how you feel about DOGE any crypto banking on a billionaire just trying to fill their own bags is terrible and will most likely leave you burned. + + +If you're curious someone actually wrote a code and tabled all of Elons tweets in correlation with the price. https://www.r-bloggers.com/2021/07/the-elon-musk-tweet-effect-on-dogecoin-doge/ his affect is definitely dying out. +First, I think the other reasons apes are pointing out, such as damaging the credibility of those of us who like the stock, and it being a distraction, are correct. But it's clear to me that this isn't something apes should be debating about, because the correct answer is: ALL OF THE ABOVE. + +The biggest reason, in my mind, which I believe is being missed is that Citadel absolutely does NOT want people FOMOing into GameStop right now. When you get something trending, people are going to get curious. + +They've put a ton of effort into keeping us all quarantined as much as possible from everyone else, but having Twitter trending is a big no no for them. All at the same time, they're: + +- Doing damage control. +- Trying to discredit long holders. +- Trying their absolute best to get this off of trending. +- Trying to distract from DRS by adding stuff which they know will trigger apes. + +Does this remind you of anything? + +Well, it reminds me of an animal put into a corner with no escape. They will lash out with everything they've got. It reminds me of those type of people who always have to win a fight. They'll hurl insults, gaslight, try to belittle you, even turn your own friends against you if it goes far enough.. Just to start. + +You only resort to those things when you have nothing left. They are deadly afraid of DRS and they are deadly afraid of volume right now. If a bunch of people suddenly start to FOMO in because they've been exposed to it from trending, the hedgies are gonna be absolutely fuked beyond belief. Hell, they already are. + +And what's more, I have a question for you all that I'll let you think about: + +What happens if the subject that's trending leads people to FOMO not just into GME, but more specifically into using ComputerShare to purchase those shares? + +#Edit: + +Oh, something else I forgot to mention! It's clear to me by the tone of their tweets, and I know others have pointed this out, that they're trying to reinforce the idea that they're too big to fail. I'm guessing they'll be begging for a bailout soon enough, if they aren't already doing that behind the scenes. + +DRS is the way! 💎🙌🚀🪐🦍💪👫🖍🍌🌈🐻😭🍻 +Listen bros I wanna make some dam money. Every paycheck I spend half of it gambling on SPY and sometimes I win but sometimes I lose. I am about 80% down YTD and I need to become a millionaire in at least 5 years so I can get out of this wage slavery cubicle job. I wanna make it big and retire while I am young so I can live my fucking life and travel and enjoy the world. I dont wanna do that shit while I’m old and retired. Fuck it man YOLO. Tell me the next trade and I will full port in it +My husband died suddenly a few weeks ago and I have no idea what to do about the finances. We were married for 22 years and I’ve been a homemaker the entire time. My husband was very controlling and I had zero access to anything financial, not even an ATM card. His main bank account is only in his name (the bank couldn’t give me many details but did tell me most of the account will be used up when they close his credit card account with them) as is our mortgaged home. His employer tells me there is a 401K worth about $14k before taxes, and the bank has informed me there is an IRA (of which I am sole beneficiary) worth about $69k. He did have a small life insurance policy through his employer, but it paying out is in doubt depending on what date the medical investigator’s office decides to put on the death certificate so I’m not counting on that. + +I currently have zero income and my resume is sparse after so long out of the workforce. I know we will likely lose the house, but I’m trying to make the wisest decisions possible to minimize what we’ll lose in taxes from the retirement accounts. I am currently enrolled in community college and the plan was to start nursing school in January, so my immediate goal is to keep our household going as frugally as possible and look into financial aid to continue with school. Most things are on hold until his death certificate is issued, but I’m trying to do the research now so I know what to do when I’m asked to decide how to handle his IRA. The 401K will be disbursed in a lump sum, minus the tax withholding. + +I’m embarrassed to say that I don’t even know what questions to ask. I’ve reached out to my college for emergency aid and started the financial aid process. I’ll apply for survivor VA benefits (husband was retired Navy) once I have the death certificate, but that won’t be much. If anyone here has advice for where I can look for help, preferably low-cost or free, I thank you. I am terrified of making the wrong decisions with the limited resources I have and everything is mentally and emotionally exhausting right now as I juggle grieving, supporting my children through this, the financial realities, and trying to finish my semester of school without torpedoing my grades. + +Edited to add: I think I've answered all questions and replied to suggestions. Thank you to everyone who put effort into trying to help, and I'll be looking into the resources people have suggested. I know my situation is extreme and probably doesn't make much sense to anyone looking from the outside. I wish it were different, but I have to deal with things as they are. I'll keep watching the thread, but may take a while to respond as I have a bunch of phone calls to get through today. +Link at bottom. + +This is basically just a re-post of one of the top posts from several days ago, which has been DEBUNKED. + +I'm still seeing a lot of people talking about Oct 19 being a critical day because it's 90 days after GME's splivy. Well that much is true... it's been 90 days since the splivy was mishandled. + +But GameStop's filing speaking about "taking action after 90 days" was in regards to the "at the money share offering" which occurred last year. It has NOTHING to do with the splivy. Not to mention, haven't we been counting "90 days" for over a year now? lol + +I'm not saying that GameStop can't take action for the mishandling of the splivy... maybe they can? I don't know! I'm just saying there is no "90 day period" and the filing was misinterpreted. + +Sorry if I'm killing some hype but I'm just tired of seeing this still circulating. + +[https://www.reddit.com/r/Superstonk/comments/y3feqt/credit\_to\_mikeleclair16\_on\_twitter\_for\_pointing/?utm\_source=share&utm\_medium=android\_app&utm\_name=androidcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/Superstonk/comments/y3feqt/credit_to_mikeleclair16_on_twitter_for_pointing/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) + +EDIT: adding link to the filing + +https://news.gamestop.com/node/18961/html +My brother just started attending a university and wasn't necessarily looking for a job. He has Florida prepaid, so he isn't stressing about paying for tuition but like most, one of his biggest expenses is living expenses. Long story short, he heard from one of his neighbors that the complex was hiring a part time position, he interviewed for it and they told him they would comp his whole rent (650/month) if he averaged 18 hours per week working at the front desk. It was a no brainer, even though he takes a full workload at school (12 credit hours), they informed him that they would work around his schedule. + +Fast forward one month later. He tells me the job is easy breezey and sometimes he even manages time to get some studying in while at work. I'm a PCU Nurse paying 950/ month for rent and the only thing I'm thinking is,"how can I hop on this gravy train". I went to my front office manager in my apt complex and asked if they are looking for extra help, they inform me that they want to remain open on the weekends and have been looking for some front desk personnel for the last couple of months. Shortly after, they offer me a part time position where I come in Saturday and Sundays only for 6 hours a day (12 hours total, 2 days a week). I don't know if I'll accept the position or not, but it's a great option to have for a variety of reasons, one of which is to save thebmoney and hopefully buy a house. + +I just reminisce and think back to when I was in college for 6 years. If I knew that there were opportunities like this, I would've made a lot of changes to my working lifestyle, probably stopped working 4-5 days a week serving/bartending , trying to pay for rent. You don't have to be a student for these benefits obviously, but you do have to do some research and make some calls to see what apartments are offering. + +My personal advice to anyone struggling to pay rent is to just take a day or two to yourself, research all apartments hiring (preferably close to where you work so you can knock out other expenses, like gas and car maintenance). Also, call apartments that include specific or all utilities ( water, sewer, trash, electricity) first; This will also help compartmentalize your expenses. Most importantly, in my opinion , is that YOU DON'T NEED PRIOR EXPERIENCE FOR MOST OF THESE JOBS. My brother, god bless his soul, is lazy as hell and only works when absolutely necessary. He had no job experience before this, let alone front office experience. Not all apartments are the same, so they may offer you reduced Rent with pay instead of the fully comped rent as previously stated. Write these places down, but don't stop looking for the places that offer fully comped rent. I assure you, they are out there, you just have to really dig to find them. If all else fails, go to your local hud housing department And see if you qualify for a section 8 housing grant, which pays for your rent in full if you and your household fall below a county-indicated poverty line ( our qualifying poverty line Is 150%, or a little over 18k for one person, 24,640 for a 2 person household). This is just one of the many aids to help you out with housing, if you don't qualify for the full grant, you may qualify for a section 8 voucher or section 8 housing. + +Also, side note, just because an apartment complex indicates it's a "student housing" complex specifically doesn't mean there is an age limit or you even have to be attending a school. Sometimes this just indicates that each room in an apartment is individually leased and that all occupants share a living common area and possibly a bathroom or 2, depending on the apartment layout. Don't leave these apartments out of your research, as these apartments most often offer fully comped rent, at least in my area. + +For reference, My brother is getting paid exactly $9.60/hour at his front desk job and saves $7,800 a year in rent; I've been offered a wage of $10.00/hr and if I accept the position, I'll be saving $11,400 a year in rent. +My new years resolution for 2020 was to get myself in a better position than my shambolic 2019. + +14 January 2020 - CC #1 paid off and closed. + +1 down 2 to go. +https://github.com/nanocurrency/nano-node/milestone/19 + +Finally hit 100% complete. For those that don’t know this update is a fix to the spam problem nano was facing few months back. + +It works by giving less priority to transactions that send dust amounts. +I live in Denver, the market has been insane. Every month homes are increasing as much as $60k in value. +https://www.westword.com/news/denver-record-home-price-average-800000-update-13807869 + +Im a first time homebuyer who started the process in December. I keep getting outbid by $55K+ on everything I put an offer on and each month rates rise and my budget has to decrease while homes get substantially more expensive. I feel like it’s a mad dash to buy whatever I can before I’m priced out completely which I almost am. + +I’ve been living in my friends basement trying to save up but feel my opportunity is slipping away. I want to move out and buy with my girlfriend but I honestly don’t know what to do. +We have an opportunity to move into a cheap apartment where I’ll still save lots of money but I feel like if I wait another year I’ll be priced out. +Here is the stats on us. +We make roughly $140k. Our budget is now down to $400k with an HOA below $350 as there’s almost no SFH at $400 or below. We can rent with friends and pay just $500 each for the year. I have $35k ready to put down and a 4 month emergency fund beyond that. + +Should I just give up the hunt of the house and live cheap and see if the market cools in a year and hope we make more? Should I just give up on Denver and move elsewhere? Im a bartender so cheaper places my pay would decrease? Or should I really try and buy whatever place I can? +I’m beginning to realise that a potential conflict with China, most likely over Taiwan or the South China Sea, is probably the biggest risk to the economy and markets (property & equities). There is an aspect of politics involved as it plays well politically to be “stick up to China” and also the military want additional funding so it sort of makes sense they talk up the threat. However something that I thought might always be a possibility, but decades away, might actually be closer than we expect! + +What do you think about the possibility? + +How do you think it would play out? + +What do you think the effects would be? + + +[SMH link](https://www.smh.com.au/politics/federal/conflict-with-china-a-high-likelihood-says-top-australian-general-20210503-p57ogv.html) +I've been in crypto for 10 years now, mostly holding BTC but recently also in many shitcoins. Still don't own a single NFT. Could someone with more experience compare GameStop with currently more dominant marketplaces like OpenSea or HEN? + +Is the usability for beginners better? + +Is the quality of art good? From what I have seen elsewhere people mass produce almost identical pics in hundreds or thousands. I think it's mostly cancer. + +Is the selection wide? Probably expanding with official launch. +People have blown the whistle on naked short selling since before I was born. If thats all we uncovered in January, I'd be like: duh, no shit. Then I'd go about my day, knowing its unfair, but validating what I suspected. + +But after stopping retail from buying, hiding/resetting FTDs, infiltrating subs, shorting bonds, blatantly manipulating the market, the press lying, PFOF, HFT, the revolving door, bribes, the complete lack of punishment for breaking the law, dark pools, corporate espionage, pumping cryptos +5,000,000%, threatening to kill DD posters, shilling, sabotaging data, hiding money in the caymans, destroying the jobs of innocent people, not paying taxes, and everything else... + +How can anyone say America is anything except corrupt and morally bankrupt? They've meticulously built a system of thievery, illegality, and corruption. I knew the game was rigged but holy shit! This is next level fuckery. The entire system is designed at every level to fuck the poor. If I wasn't so disgusted, I would be impressed at the sheer lawlessness of it all. + +What do you guys think? Are you surprised? +Stay calm and take advantage of opportunities. I wanted to come here and remind everyone before all the doom and gloom posts take over. The market pulling back is NORMAL, the recent news of a possible rate hike a couple quarters early is in my opinion an over reaction. Take the opportunity to buy shares of indexes or stocks you see getting oversold. The doom narrative may play out for another week or so but as always it will shift and the market will turn. +I'm getting kinda sick of the macroeconomic haze of whether deflation is good or bad (and the recent doublespeak about good deflation vs. bad deflation in the U.S. and Europe), and I think financiers are much better positioned to speak intelligently and clearly on the impacts of deflation. + +Thinking in this vein, I tried to make a short list of the winners and losers in a deflationary environment assuming no change to liquidity, money velocity, PCE, or any other hypothetical side effects of deflation. Please correct me and add more if you can think of any: + +**Winners:** + +Retirees on a fixed income + +Low income workers at or near the minimum wage + +Bond holders + +Creditors + + +**Losers:** + +Debtors + +Most governments + +Pension funds + +Equity holders + +Retailers, especially on low-margin items +*SPOILER ALERT - FYI* + +For those of you that have seen the movie, *Margin Call*, I am curious about just how real the 'fire sale' premise is. + +In the movie, the firm is able to liquidate a massive portion of their MBS/CDO/whatever else holdings in one trading day. Obviously there are some other problems baked into this scenario. One of which being, it is ridiculous to me to think that one analyst could 'figure out' some VaR models that indicate the party was over, before anyone else on the street had any idea there was something wrong. + +Another is, from my understanding, one of the problems with the securities these banks held was they were very illiquid. As such, is it even possible to trade one of these securities over the line in ~5 min? Or is there more detailed analysis that needs to take place that would increase the time necessary to complete each transaction? + +TL;DR How plausible would it be that one firm could move this amount of MBS/CDOs in one day? If not at all, what would the process for this scenario look like? Does this firm just end up like Bear, Lehman, or Merrill in reality? +I was hoping to use Gyft to purchase some gift cards with Bitcoin and load all of the cards I have into one place... But has anyone looked at the list of permissions required on Android for Gyft? You would think you needed network access and possibly camera for scanning barcodes. But instead: + +Storage and access to all of my files: What could you possibly need to store outside private application storage? + +Microphone: For recording...... what... exactly. There's no Square reader or anything like that that I've seen. + +My precise location: So when I'm using a Gyft card in a store you can see exactly what store I'm in? That's kind of sketchy. + +Camera: Maybe for barcodes, sure. + +Retrieve running apps: What the heck for? + +My accounts: Why should Gyft be accessing my other accounts on my phone? + +Contacts: Yeah, "metadata". + +Network communication: OK, this one makes sense! + + +Gyft is billed as a "no frills card manager". This all seems very frilly to me. +Wouldn't it be better to have a minimum purchase denominated in fiat instead of bitcoin? At this rate it is no longer a situation where someone can buy $10 worth of bitcoin easily. Let's keep the entry barrier easier for those who are just getting in. I know when I first found bitcoin I only bought around $9 from coinbase. Now there is a minimum of $50 to get any. If the bank fees are already included in what we are paying why is it hard to implement a lower minimum? +Hi all I posted that $CTXR DD last week, so have been following the conferences closely. In the spirit of accuracy, I would like to include the update information from today's conference that has changed since my DD. The $CTXR financials and progress have had no change and in fact some of their other medications coming later down the pipeline are showing positive results, but those are somewhat out on the timeline. However in the matter of minolok, the conference did specify a change to the next review. In my DD I mentioned an expectation of early April for the next review based on the information from the previous conference, but the current conference has specified a delay with the review, the delay is due to the drug management committee (not CTXR). The next review has been moved to early May. Overall they have stated that they are looking forward to the meeting and expect great news, but the deadline has now moved. + +TLDR: Per this morning's conference, CTXR review has been moved to early May instead of early April. Rest of the conference was very positive, but due to the new conflict of information from my DD wanted to include a follow up since that is no longer accurate. + +Plan is still the same for the company, just the hold will be for an additional month for this specific catalyst. + +Link to conference: [https://journey.ct.events/view/262c140c-bae9-4791-bee8-7a03b2d8449a](https://journey.ct.events/view/262c140c-bae9-4791-bee8-7a03b2d8449a) + +You will need to register an email though to watch +I am 25m, single, and make about $40,000/year right now. I live with my parents currently and want to invest a rental property in the next 1-1.5 years. + +My plan is to save $10,000 for a down payment in a 60-80k home with rental space, and finance it. I would then rent it out, and around $1600-$2200/month would go into the mortgage of the house. + +Before doing this, I would make sure to have an emergency fund set in place to save me if there is a economic crash or war etc. + +I work in AV so the work is pretty consistent and my salary is set to increase to around $50-60k in the next year or two. I am single and my expenses are low... Right now I only spend about $1400/month and pay for all of my expenses myself, and if/when I move out I typically rent a room or split rent with a friend. + +So I am self sustainable right now... The only issue I have is that I don't have a substantial credit history or impressive years of pay stubs to show the bank. My credit score however is high (over 700) and I have paid all of my credits and loans early/and in full throughout my life. I just have $8k in student loans which I am very ahead on. + +What would be my hurdles/challenges and, is this plan worthwhile, in your opinion? +10 acres, +Meat slaughter business on site, +Two single family homes rented, +Firewood business rental, +Gross revenues of $1M, +Asking price $3.4M, +Seller financing. +If this was yours to pick up, how would you grow the business? +I waste 2K a month playing poker. Normally, I lose every once in a while I win. + +But now I am wondering if I could do better gambling in the Forex market. + +It just doesn't seem as much fun as playing poker though..... + +Any poker players / forex traders out there? + +Also this subreddit is great for help for a newbie! Thanks for all those resources in the FAQ! Awesome. +I have a common problem I guess. I've been in the forex game for about 2 years and am still on demo accounts. I can't find a profitable strategy to save my life. I've blown several accounts. + +I've invested time and money into heaps of courses. I've learned pretty much every common forex concept/strategy. Spent hours and hours++ back testing and writing trading plans. + +Why can't I be profitable? It's frustrating. +Hey everyone, long time lurker here. I'm a Finance/MIS student with experience in equity/crypto markets, and now looking to be profitable in forex and to contribute to this community. + +I have put together an argument for why the EUR/USD will be headed lower for the rest of the year and perhaps into 2019. There are both technical and fundamental aspects that will be presented, with an imgur album attached with a 4H, 1D, and 1W chart. The daily chart is attached with the post. Let's get started! + +Technicals: + +1. From a 40,000 ft. perspective, the weekly chart presents a price channel going back to 2008 that the pair has traded in. In early 2018, the uptrend of 2017 halted and then reversed from the upper bound of the channel, while at the same time breaking downwards out of a symmetrical triangle formation - a clear reversal formation. +2. On the daily chart, we have the 50 day SMA crossing the 200 day SMA on June 6, the first time this has happened since the beginning of an uptrend in May 2017. +3. There is a potential descending triangle forming, which is labeled on the daily chart. There have been two overhead rejections, and two bounces from the supply zone. On the first bounce labeled "1", there was a bullish engulfing candle that failed to generate a significant rally - then on "2", there was not nearly as much buying pressure present off the bounce, signaling a likely continuation of the downtrend once the triangle is broken. + +Fundamentals: + +1. The Fed is further along than the ECB when it comes to raising rates. The U.S. economy continues to experience strong growth in almost all sectors which has led the Fed to steadily increase interest rates. On June 14th, the ECB announced rates would remain unchanged which led to a bearish reaction for the EUR/USD. +2. While the U.S. has been no stranger to political instability, the EU is increasingly being affected by eurosceptic forces. The Italian populist government recently gained power and is implementing anti-EU policies and has considered dropping the Euro/leaving the Eurozone. Angela Merkel could potentially be ousted as Chancellor and thus the de factor leader of the EU over migrant policies. + +The trade, and where it could go wrong: + +I will open multiple trades after a retest of the supply-turned-demand zone at 1.151, with take profit levels outlined by the gray zones and the black line representing the height of the descending triangle. Trade wars, a downturn in the US equity market, and the de-dollarization in the world financial system are the three big threats to this thesis. If you have advice, opposing views, or just want to tell me I'm wrong, please let me know. Thanks! + +[https://imgur.com/a/mfzvquG](https://imgur.com/a/mfzvquG) + +https://i.redd.it/8qgds8j600611.png +hi all! so two weeks ago i setup a demo account, and have since been using a scalping strategy that is about 95% accurate on a $200 demo account. I grew the $200 into $320 in four days with lot sizes of 0.01-0.1. I'm curious if these are realistic expectations for when i start using a live account this coming week. Thanks! + +edit: screenshots! https://m.imgur.com/a/hnATwLk +I've been trading 6 months now. I've lost 150$ (of course I've had lots of wins and losses in the middle). But for the last month, I've been trading with my own finalized/customized strategy and I made 10$(100$ total balance). This amount was obtained consistently and with very little risk. My strategy works very well in practice and in theory and I believe I can make 10 percent profit with very low risk. I should add that it looks like I need to be live in front of the chart almost 8 hours a day. I don't have big money atm but I can have it (from my family). Please let me know what percentage does a successful trader make? + + I've heard crazy gains (on the internet). +How much do you make if you do it for living? + +Please comment and share your experience cuz I really need to decide whether I do this for a living or not (considering 10% consistent profit) + +Thank you +I've had a tendency to become obsessed with things for 2 weeks or so like doing research and coming very close to going all in on an idea. But Forex is different ive been putting in 15+ hours a week in research, charting, fundamentals, and resting other people's research and thats after my 40-50 hour work week. Ive been doing this for months now and I love every second of it, I check r/Forex 2-3 times a day for convorsations and the occasional TA (I dont trade gold tho lol). I believe that this is the career ive always wanted and it has the "you get what you put into it" type of income which is another thing I love as well. + +I was just wondering if anyone else is this way and how has that worked out for you so far? + +I do have a wife and hobbys and such that I have not completely dropped outof my life I pretty much just dropped all the pointless youtube time and started learning trading and economics. So related to that It's not going to ruin my life in fact its already improved it quite alot. +What advice do you have for someone who can only afford to spend a couple hours per day on trading? I work full-time and have a young family so time right now to focus on trading is limited to a couple hours first thing in the morning. + +With the proper practice and education, what are the chances of becoming a full-time trader after 5 years? 10 years? if I can only commit to a couple hours per day right now? +I'm really sorry If this has already been covered. I checked out the amazingly useful 'Hall of Fame' threads and if anything I am left with more questions on how I can use bonds to aid in direction. I understand that this will not be a holy grail and I am certain it may have its limitations but I would like to know how you guys use it. For example, I have been looking at doing the following: + +&#x200B; + +https://i.redd.it/tiwroaf3q6y11.png + +&#x200B; + +I've been doing this over the last week to see if there is any correlation but I feel my knowledge is lacking and/or I am going about it the wrong way. Today I traded the GBP/USD long and made a profit but if I had followed my bond analysis I should have gone short (and would have lost capital). + +TLDR: I would like help understanding how I can use bonds in my overall analysis of the pairs. + +Edit: The title should have been... **Please clarify how you use bond yields to aid in \*your\* analysis?** +I waste 2K a month playing poker. Normally, I lose every once in a while I win. + +But now I am wondering if I could do better gambling in the Forex market. + +It just doesn't seem as much fun as playing poker though..... + +Any poker players / forex traders out there? + +Also this subreddit is great for help for a newbie! Thanks for all those resources in the FAQ! Awesome. +I just recently got into this subreddit to browse and pretty sure this post will get roasted but here goes. + +I started learning forex using babypips around November 2019. Didn’t really take it seriously until I bought a few courses when COVID hit in March and really grinded and studied every day.