diff --git "a/reddit_finance_43_250k_375.txt" "b/reddit_finance_43_250k_375.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_375.txt" @@ -0,0 +1,10000 @@ + +On this subreddit, I see a lot of advice to not pay for a course because “you can learn it for free” or you can “YouTube” it. And while that may be true, there’s SO much information online, and a lot of it isn’t good. As a newbie or even long time trader, you can get overwhelmed with BS and the endless amount of indicators and strategies. To each their own, but I believe you’re gonna pay the markets your tuition for learning somehow: either through a mentor/course or just losing all your $$$ to the markets. I did babypips, and while that info was useful, I would say it’s definitely NOT enough to become profitable. + +In these past 6 months, I’ve lost and earned a lot. I can proudly say I consistently made 10k+ each month from July-Sept and it’s only going up from here. (I didn’t start with a 10k account either.) Im definitely in the green overall, passed and verified on an FTMO account, and been making around 3k+ each day these past few days (thank you volatility!). + +Psychology is the hardest to overcome, but it’s doable. To all the newbies and traders struggling out there, it’s possible to become consistently profitable, don’t let anyone else tell you otherwise. and F the people who don’t believe in you. But to be fair, you have to have a passion for trading and put in the work. You can’t go into this just for the money. I love analyzing the charts and trading now. It’s changed my life. + +If anyone has any questions, feel free to hit me up. +I’ve heard crazy stories of people saying in 3 months they were getting ridiculous returns and I know it’s fake cause forex ain’t a walk in the park. That why I ask to gauge how long it “normally” takes a trader to see steady profits into their accounts. My opinion is that a year should be enough time to learn and apply a good system to see constant returns. More than a year you should be seeing constant profits. But that’s what I think. I could and probably am wrong. +This was just nuts: + +"These people, they're involved at the Fed, they're involved at the World Bank, they're involved in all of this. This is what my friends amorphously refer to as 'the Cabal'" + +"I know who some of them are I think, but I can't prove that in a court of law. I know it exists. It's a group of super elites and super wealthy people that control a lot of the world's economy. I don't know how big they are who they are necessarily, but I know they're involved in this." + +Apes are fighting the Cabal. Buy, HODL, vote. +I see/hear of people making “only” $50k/year, I’d feel rich if I made that. + +I hate my current position. My job has so many responsibilities that you would think I made a lot more. + +It’s my fault since I have a useless degree from several years ago. + +I still feel like I should be doing much better. + + +At this rate, I’ll basically have to work until I die lol, at least that’s what it feels like. + +What jobs are out there that pay decently that don’t necessarily require a degree? + +I work in a warehouse btw and don’t mind doing physical work. I want something where I won’t have to take on multiple roles, that should definitely require higher pay, at least you would think. + +I’d appreciate any advice. +None of their content is is helpful or accurate. They are no longer relevant to superstonk. Giving them any kind of run does not help us. A total blackout of them would seriously piss them off. We know they come here. They are just a mouthpiece for Wall Street. Fuck em let them die. + +Edit: I really like the idea of giving them a 2 week notice. They are already getting desperate this week. Imagine what giving them a deadline will do… +Been in Crypto for a pretty long time and I have been using Coinbase for just as long. This is the most annoying thing ever! Why does this always happen, when the market starts to move. It always happens, when something big is about to go down and I feel like they know something we don't.. + +Coinbase seems to always go down during the most crucial times, I'm not sure what they are doing during these times, but its very weird and suspicious.. + +I'm glad to have Coinbase as a service I can use and it is a privilege, but them going down all the time sucks. People can't buy or sell.. + +We just want to be able to access our money when we feel like it. 🙌 +Brokers around the world have mishandled their shares and the issued dividend. This has to be punishable by law in many of the countries involved. An investigation needs to take place and Gamestop needs to publicly denounce this fact. Talk with your broker, ask them if they have treated the dividend as a split. Send proof of the conversation GameStop's investor relations and try to DRS your shares ASAP by all the means possible. As some has said, the tip of the turd is just about to touch the fan. This has to be the biggest financial shitshow the world has ever seen. Buckle up! + have no idea where to start but this is beginning to keep me up at night. + +I live in thailand while my mum is in Scotland. In the last few years she has : + +- lost her husband +- lost her job +- lost her sssc for her job (so she cannot be rehired in the same field) + +She has a mortgage to pay which is about 290 pounds per month and she lives on universal credit of just over 400. Im having to bail her out this month but im planning a wedding have bought my own house and cant afford to help like this every month. + +Im trying to find her a job but shes computer illiterate. Anywhere in east ayrshire Scotland. Cleaner. Shop assistant sorta thing. But obviously with covid here good luck finding work. + +She has no idea what welfare she has access to and ive not lived in Scotland for almost ten years so neither do i. + +Does someone in her position have any access to any sort of resources until she gets a job again? Its not looking likely until post covid.... + +All help greatly appreciated +What do you all think about the prospects of Monzo in light of the news that it's valuation fell by 40%, and their business model in general? Do you think they will pull through or should we wean ourselves off in preparation for the inevitable? +Back in September I received a text from Venmo saying there was a password change request. Since I hadn’t made the request, I logged into my account and saw that a bunch of money was transferred into my Venmo account from some business I didn’t recognize and then transferred out into my bank account. I reported the hacking to Venmo and changed all of my passwords and such. Turns out someone had hacked my account and created a business profile attached to my personal one. This fake business account then received money from a different fake account. Not sure if they had meant to transfer that money into my bank account. I asked Venmo support what to do with the money and they said to just transfer it back into my Venmo. No other instructions and no further news on where this money came from. They seem totally unconcerned as to where this money came from. Does anyone have experience with a situation like this? Is there a time limit before the money is safe to claim for myself? It has just been sitting in my Venmo for months. No one has contacted me about it. I’d feel bad if it had been a mistaken transfer from an stranger but this was definitely from a hacker who probably scammed someone else. +I hired a nanny (as an employee) to watch my daughter for a few hours a week. I read guides about how to do the finances. Turns out the guides were wrong. When I got form 941 to report how much I had taken from the nanny’s paycheck for taxes it was clear that the guides gave me wrong numbers, and that I took too little from the paycheck for taxes (half of what I was supposed to—I.e. 6.2% instead of 12.4% for social security). So technically I paid her too much according to her hourly wage vs the tax rate, because I was told the tax rates were half of what they are. + +I want to solve this the right way, but have no idea how to start. +Right now I'm working for a subcontractor making $44720, just got offered a promotion which will switch me over to the main contractor and they only offered $44800, I looked through the benefits package and there's not enough there to switch just based off the pay and benefits, but the subcontractor I'm currently with has some issues I can't tolerate for much longer. First off, is that even normal? They offered it yesterday and I got an extra day to consider, so I shouldve posted this yesterday but I didn't think about it. So help? Do i just ask if theres a window of negotiability here? Ive never done this before, even when i started they seemed to be the type who just try to talk fast and overwhelm you to the point that you cant get a word in, much less a negotiation. this is my first job out of college, thus my complete lack of knowledge on how to deal, thanks for any help. + +Edit: i know it's annoying but I can only give out so many details, trying to keep my security clearance. +I usually buy outright and get the cheapest sim only deal that meets my needs. I've had my iphone 6 for about 5 years i think and its starting to drive me mad with slowness and general shittiness. I have the money to buy outright, is it the best option generally? My sim only is about 12£ per month +I’m starting to dig more into financials, but I don’t quite understand this section of the balance sheet yet. + +I do understand total equity = assets - liabilities. + +I don’t understand how all the other reported quantities in the equity section add up to total equity. For a company like AAPL, this section is really simple. Common stock + retained earnings = total equity. + +For a company like GE, I’m pretty lost. I pulled this from the WeBull app on iOS. + +GE annual balance sheet from 2017 + +Common stock $702M + +APIC 0 + +Retained earnings $125.68B + +Treasury stock -$84.9B + +Total equity $64.26B + +I don’t see how you get $64.26B from those numbers. Could someone explain what’s going on here? I did some research, but I’m still not quite connecting the dots. + +Edit: + +Since we are here, and the original question is answered, I do have some other questions: + +1. I’m a little confused about the treasury stock in general. If a company does a buyback, outstanding shares go down, equity goes down, but share price (excluding supply/demand swings) would remain constant? + +2. Is the cash used to buy the treasury effectively coming from assets? + +3. How does the APIC account work? +The minimum transaction fee to get into the next block is ~30 sat/B and they are setting the fees to ~20 times that amount. See https://jochen-hoenicke.de/queue/#24h for proof. + +Segwit has been production ready for 3 months and they haven't implemented it yet and refuse to give any ETA. + +They are doing this to drive you to altcoins which are not as decentralized as Bitcoin and easier to manipulate. This is all part of their venture capital investor agenda to take over the Bitcoin open source project. + +If you have an account there, please write to their support and ask why are they setting the transaction fees so high, and why are they not interested in implementing Segwit. + +There are plenty of other services which do a much better job at reducing your transaction costs. Please use them instead. +Just wanted to share this fantastic quote that opened my eyes in what crypto really can do if it overcomes the obstacles it is facing right now. + +Original quote by Rick Falkvinge: “***Bitcoin*** *will do to banks what email did to postal industry*” But I feel like it is a little outdated. + +Anyways here's just some random text since apparently you have to have 210 characters. Because the number of characters is important and not the quality of what you are writing. +Just to let you know that by February 2020 phone and internet companies have to let you know when your tariff will come to an end. Not bad at all. + +https://www.bbc.co.uk/news/technology-48268427 + +BBC article on this +The long awaited Bitcoin Taproot upgrade is 6 days away. For those of you that don’t know, it basically: + +- Unlocks the potential for smart contracts +- Allows for privacy protected transactions +- Lower transaction fees + +Bitcoin will become a major DeFi player after this upgrade. + +It is the first upgrade for the network since November 2017. Segregated Witness (SegWit) was deployed, and the network forked to create Bitcoin Cash. + +The multiple signature part will enable more complex transactions like those used in smart contracts. Developers are already working on smart contracts for the Lightning Network which is Bitcoin’s layer 2 scaling solution. + +Anyone here needed a reason to be bullish on BTC? +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. +Just from reading this sub, churning, and financial discussions with young coworkers, I feel like the financial literacy of youth is incredibly poor. I believe part of this is because even if high schools do teach it, students can't relate at the time because they generally don't have to worry about paying bills, using credit cards, dealing with loans, or making investment decisions. Then the real world can be a rude awakening, and since many go off to college they don't have a parent present to teach them how to effectively manage money, nor do many want their input anyways. Personal financial advisers are fairly inaccessible as well because they primarily make their money off of a percentage of assets in an account, so if you have little to no money to open an account they won't give you the time of day. + +That being said, I'm thinking about starting my own basic financial consulting side business to educate young people on what to do and what not to do to establish good credit and put themselves in a position to succeed financially. I, myself, am 24 and feel since I'm close to to my target market's age, they would be more willing to pay me for help and more likely to take my advice. (A little background about myself, I have a BS in Finance, have excellent credit, very little debt at a low interest rate, paid my way through college, and make more annually than the median household income of the US.) + +Have any of you had the same idea or run businesses like this? +People often ask about the 'half your age as a % of salary into pension', and I've been curious myself, so I've run some numbers. Take someone who: + +* Aged 22, after graduation, joins a grad scheme on £25k. +* Gets promoted off the grad scheme after 4 years. +* Gets some sort of professional qualification age 30, giving a salary bump. +* Switches company aged 35, 40 and 45, getting a promotion/significant payrise each time. + +The following shows results using half their age as % of salary contribution, starting at ages 22, 26, 30, 35, 40 and 50. + +https://i.imgur.com/YThHCsh.png + +Notes: + +- Numbers are real return (i.e. after inflation), so represent £ value today. + +- 1k payrise after inflation each year except in the aforementioned situations of professional qualification/promotion/change job + +- At the bottom you'll see 'total paid into pension' (self-explanatory I think?) and 'Ratio of final/contributions' which is the final value of the pension divided by total payments in + +- Regardless of when they start paying in between ages 22-40, the result ends up quite similar (within ~10%), but of course the later they start, the more they've had to contribute themselves + +- I didn't tweak any of these numbers to get the results to prove any particular result + +- If you lower investment performance (to 1%, say), then paying in at higher age gives a higher final pension value, which makes sense since they pay in the most overall and there isn't much compound interest. + +- Conversely, increasing investment performance (to 10%, say), the earlier they start paying in, the higher the final pension value. + + + +Obviously this a career path that is probably not indicative for many one way or the other. It's more to show the correlation of the 'rule' than it is about the actual salaries, so let's not get hung up on that. I can tweak numbers and update if people want. +Backstory: Came into the right company at the right time, did very well in an AE role. Was lucky to be fast-tracked to management and 2 years after starting with them, am close to earning a Director title. Should I get an MBA? 27, married with a newborn child. Current OTE is $200-210k this year and plateaus at this company pretty hard to where $250k is pretty much the ceiling with zero stock options/equity. + +Longer version is I’m wondering if an m7/t20 MBA is worth going for (if I can get in) or if I should just keep trucking professionally. In my current role, I already actively handle biz dev, hiring/training/development for all AE’s in my region that I built from scratch, manage P&L, still play a big role in enterprise sales, among the other bits and parts of sales mgmt. I’d probably move out of this industry into the software space within the next year or 18 months if I don’t pursue the degree. + +I guess the tl;dr I’m asking for is if my resume/experience will outweigh standing pat for a couple years to go get the degree. I’m asking here because I aspire to live that fatFIRE life by the time I’m 40 or 45 and am hoping that at least a few of you here got there through sales. Really appreciate any insight! +I (31m) have been working toward FIRE for about 7 years. I have saved about 120k in my IRA and other accounts. This year I married a person who is worth millions. They inherited trusts and stock and will inherit more over the next couple of decades. We are both freelancers in the entertainment industry and together make about $130,000/yr. + +Our goal is to create passive income streams that pay for our lives so we can have freedom to turn down jobs, travel etc. There is some passive income already from dividends but most of the millions is just sitting in cash. Protecting the money against inflation and loss is also very important to us as neither of us will ever have the earning power to make up for losses to the nest egg. + +We are both pretty frugal but we enjoy traveling and we would love the option to work less if we have kids. + +How should I proceed? Are there any good resources you can recommend to learn about managing this money? Do I just need a fiduciary? There is no one in the family who can advise us and so I have been tasked with managing the money. What I know about investing is from pursuing FI/RE but balancing risk seems more important now than it did before. My investments were largely in index funds with a small amount of speculative money reserved for learning more about value investing. + +&#x200B; + +Hope this is the right place to post this. + +Thanks! +What I am seeking may be too niche, but worth a shot: + +* My wife and I (no kids) are 100% remote workers, and we make about $400k per year +* We do not currently have a full-time residence, and have been living in rentals for 3-4 months at a time. +* It's important to us the place has very good wifi, and separate rooms with desks, chairs, and ideally computer monitors (though we have been shipping ours) +* Up until now, we have been making it work through Craigslist, and honestly living the dream. Miami for 4 months in the winter, Santa Fe last fall, we are looking at Aspen for next winter, etc. We have been really lucky through CL so far in terms of quality and price, but I feel like eventually our luck will catch up with us. + +The standard solutions don't work for us: + +* Vacation rentals are way too expensive for 3-month stays. Like $20k per month with crazy fees. We are not really on "vacation" but more or less on short-term leases that we treat like our primary residence. +* Hotels don't work because we need dedicated work space, dependable internet, and they are very small. Also we would want a full kitchen and such. + +The ideal vision: + +* The ideal solution for us (which again, may be way too niche) would be like a portfolio of homes to buy into or a net jets fractional-like situation where we could rotate spots every 3-4 months. Does anything like this exist? We would definitely pay $100k/year to have access to something like that and rotate every few months. Either on an ownership basis a-la netjets or a a purely lease basis a-la jet card. Knowing we were landing in new location with WFH stations already set up, internet that was 100% reliable, maybe a certain caliber of cookware and Sonos (being picky here) would be ideal. Does anything like this exist? If not, would it be worth creating it? Even if it wasn't a big business maybe we could find 10 other WFH type couples to lease or buy a couple key homes? Or would the logistics eat us alive? + +Thanks so much +Throwaway account. At $6m investable, what are the attributes of a good wealth advisor? + +Already have good access to private / alt opportunities in real estate, PE, and seed / VC. + +Are the firms which are helpful in evaluating these opportunities? For equity investing is favor VTI or similar. + +Thanks in advance +I've been reading the biography of Ben Franklin by Walter Isaacson and it's terrific. There is a tremendous amount of material about the values of industry and frugality, and a lot of really interesting facts. For example, Ben Franklin did not own his own home until in his fifties despite being wealthy and retired since his forties, although he owned rental property. He owned one wooden bowl that he used for breakfast because he didn't want to spend the money being extravagant despite already being wealthy. And he talks consistently to his children about working for someone else means your always going to be compromised and encouraged them to open there own business. He's basically the original FIRE symbol. +Been doing this for a few months now and it’s been working (obviously market is going up) - anybody been selling cash secured puts for years? Multiple market cycles? + +Looking for some best practices and expected returns, I have no problem doing it with volatile stocks and it will be no more than 10% of my stock holdings. +PS: Use Segwit, if we use it, we will low fees. +Wallets: +Hardware wallet (best security): Trezor or Ledger Nano S +Desktop wallet: Electrum +Android wallet: Samourai Wallet +iPhone wallet: GreenAddress +Web wallet: BitGo +Hello everybody, + +When it comes to investing, it’s always best to build a balanced portfolio. Are you looking for growth stocks, dividend stocks or innovation disruptive stocks. + +What’s your top 5 long term stocks to buy and hold for the next decade? + +EDIT: Also tell me your reasoning for your 5 stocks, that you would hold for the next 10 years. + +**For example AAPL has been up 1,000% within the past 10 years.** +Seems like our dear investors have some debt. + +[From Investopia](https://www.investopedia.com/terms/m/margin_debt.asp) **Margin debt** is the amount of money an investor borrows from the broker via a **margin** account. **Margin debt** can be money borrowed to buy securities or sell short a stock. + +It looks scary as hell. But is it? I'm just a stupid ape with half a wrinkle, though. + +Some apes with more wrinkles can tell us what this means? + +https://preview.redd.it/cdrerw9ndbu61.png?width=808&format=png&auto=webp&s=b846ce1397f62933cea4bce37ac3c24301d931a6 + +Full report: Just posted today + +[https://www.yardeni.com/pub/stmkteqmardebt.pdf](https://www.yardeni.com/pub/stmkteqmardebt.pdf) + +**Edit 1:** +Graph 8 in the report linked above was mistaken for S&P500 by some. Here's S&P500 + +https://preview.redd.it/369z0agbrbu61.png?width=1464&format=png&auto=webp&s=3aa0f34b931132ad18a5654f95aae608b614ec14 + +[Source](https://www.advisorperspectives.com/dshort/updates/2021/04/19/margin-debt-and-the-market-up-another-1-1-in-march-continues-record-trend) +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, I continue to be incredibly excited by the action we're seeing in recent weeks. +Apes are booking more and more shares, drawing liquidity out of the DTCC's hands. +The shorts continue to attack the price, even as borrow rates appear to be rising sharply. +Nevertheless, the price is resisting their attacks. +I long ago passed the need to purchase additional shares, but I've loaded up on this week's dip. +As we approach the two-year anniversary of The Sneeze, I see the pressure dialing up on the shorts. +We are in for some fireworks! + +Today is Thursday, December 22nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$20.77 / 19,53 €** *(volume: 1989)* +- 🟥 115 minutes in: $20.85 / 19,61 € *(volume: 1342)* +- 🟩 110 minutes in: $20.86 / 19,61 € *(volume: 1342)* +- 🟩 105 minutes in: $20.85 / 19,60 € *(volume: 1292)* +- 🟩 100 minutes in: $20.76 / 19,52 € *(volume: 1198)* +- ⬜ 95 minutes in: $20.63 / 19,40 € *(volume: 715)* +- ⬜ 90 minutes in: $20.63 / 19,40 € *(volume: 714)* +- ⬜ 85 minutes in: $20.63 / 19,40 € *(volume: 663)* +- 🟩 80 minutes in: $20.63 / 19,40 € *(volume: 663)* +- 🟥 75 minutes in: $20.63 / 19,39 € *(volume: 656)* +- ⬜ 70 minutes in: $20.63 / 19,40 € *(volume: 580)* +- 🟩 65 minutes in: $20.63 / 19,40 € *(volume: 458)* +- 🟥 60 minutes in: $20.59 / 19,36 € *(volume: 458)* +- 🟥 55 minutes in: $20.59 / 19,36 € *(volume: 458)* +- 🟩 50 minutes in: $20.59 / 19,36 € *(volume: 358)* +- 🟥 45 minutes in: $20.59 / 19,36 € *(volume: 348)* +- 🟩 40 minutes in: $20.59 / 19,36 € *(volume: 277)* +- 🟥 35 minutes in: $20.59 / 19,36 € *(volume: 262)* +- 🟥 30 minutes in: $20.59 / 19,36 € *(volume: 262)* +- 🟥 25 minutes in: $20.60 / 19,36 € *(volume: 87)* +- 🟩 20 minutes in: $20.60 / 19,37 € *(volume: 32)* +- 🟩 15 minutes in: $20.59 / 19,36 € *(volume: 32)* +- 🟩 10 minutes in: $20.58 / 19,35 € *(volume: 32)* +- 🟩 US close price: $20.56 / 19,33 € *($20.69 / 19,45 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0636. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +They skirt around the laws of asic of financial advice and make bucket loads of money normally linking you (and taking a cut) to their developers properties, their brokers and charging you a fee. + +I think if there is a big property downturn (which looks likely) and they start losing their clients big money I think eventually there will be a public outcry for a royal commission or banning them. + +Thoughts? +APT is now trading at $12 a share + +Seeing how the retail industry is in shambles as nobody is spending or even going outside their own homes. + +How would this impact their ability to continue seeing that they're a new company in its growth stage? + +Just a quick recap, APT was trading $40 around Jan/Feb. + +That's about a 70% drop in value +This is my understanding of the situation. Please correct me if I'm wrong, but the math seems pretty clear. I know I'm not the first to state this, but I feel like this issue has largely been hand waved away with the store of value narrative, and with El Salvador attempting to use it as a currency it may be a rude awakening to the major flaws with the network. + +The Bitcoin network can support about 7 transactions per second. + +7tps x 60s x 60min x 24hrs = 604,800 transactions per day. The population of El Salvador is about 7,000,000. This means that if the entire population is using bitcoin there is only enough bandwidth to support 2 transactions per person per month. This assumes only a tiny country like El Salvador is using bitcoin. This is not feasible whatsoever for just El Salvador, let alone the world. + +The Lightning Network does not solve this problem, as it still requires main chain transactions for every user, it's just less of them. Onramp, offramp, and channel liquidity adjustments are all going to be required on a semi regular basis. + +The only solution to this is majority adoption of custodial solutions, which is the antithesis of bitcoin. This will lead to the exact same problems our current financial system has, minus inflation risk. + +I personally hand waved these issues away, as I always told myself that bitcoin didn't need to function as a currency, it's a store of value. But even a store of value requires a minimum bandwidth to function as a global reserve, and now with a country adopting it as a currency we are going to potentially be slapped in the face with the bandwidth issue. + +I also assumed that despite the opinions of Bitcoin Maximalists, the network would need to upgrade to support magnitudes higher TPS. However, I assumed that adoption would be slow enough to have a long form debate to convince people that this is necessary. Is it already a necessity to upgrade to support the sudden adoption as a currency by a country? Will the community be able to debate this issue, come to the conclusion we need to upgrade, and perform the upgrades in time to support adoption by El Salvador? + +If none of this happens I fear one of two outcomes. + +One, El Salvador adopts mainly custodial solutions, which will probably be abused and may actually harm the citizens rather than help them (surveillance, fees, confiscation, censorship, fractional reserves, transparancy issues). + +Two, the country attempts self custody options, quickly overloads the network to volumes where fees and transaction times are completely unacceptable, proving the network cannot support this level of activity, and causing massive FUD and massive damage to El Salvador if they have had substantial adoption. + +Can anyone provide a strong argument for why we shouldn't be concerned about bitcoins extremely limited bandwidth on the eve of real adoption? + +Edit: Most of you are far too emotional. This type of post should not trigger you to the extent it has. And if you were confident in how bitcoin and lightning function you wouldn't need to devolve to insults, FUD posts, and generally very misleading BS. I'm no expert on LN, but from the looks of things almost everyone in this comment section is similarly retarded but claims they are an expert. + +From reading all of the comments, there are two ideas that assuage my fears, and I am fairly confident that we do not need to be overly concerned about the issues I raised. + +1) One of the core premises of my argument is it assumes that El Salvador will experience rapid adoption of self custodied LN wallets. However, this is probably false because adoption rates will realistically be very slow, and not the sudden increase in users I propose above, but also that most people will probably be using custodial solutions just like the majority of current users are. The vast majority of people who own crypto do not manage their own keys and open their own wallet, so a lot of the traffic will not happen on chain or on LN, but on centralized ledgers. + +2) Another user posted a research paper that proposes an upgrade to LN that allows onboarding multiple users at once to LN through Channel Factories. Instead of a single L1 transaction being used to onboard a single user to LN, potentially 2000 users could be onboarded to LN with a single L1 transaction with Channel Factories. + +https://eprint.iacr.org/2018/918.pdf + +It does not appear that this method of batching transactions onto LN has been implemented yet, but it sounds like it will be when the network gets congested enough that it is necessary. + +By the way, this same paper came to the exact same conclusion that I did, that the main chain even with LN in its current state cannot handle anywhere close to the population of the whole world, which is the reason that Channel Factories will most likely be necessary in the future. To all those people in the comments informing me I'm a moron, you may want to check your expertise. + +"Recently the idea of payment channels has been further improved by the use of intermediate nodes that can also route payments, creating a network of payment channels, such as Lightning Network [14]. However, as pointed out by Poon et al. [14], the Lightning Network does not scale well enough. Even under the very generous assumption that each user only publishes 3 transactions per year (to open and/or close channels), the network scales to only 35 million users, far from covering the world’s population. For this reason, Burchert et al. [5] propose Channel Factories. Channel factories allow for various users to simultaneously open independent channels in one single transaction, reducing drastically the number of blockchain hits required." +After all, the dollar has such a high supply, printing a billion here and there to buy bitcoin won't be that much noticed (except maybe in the btc price) by the general public. +I’ve been thinking about a rental strategy to retire in a 10 year frame. Would like to here everyone’s thoughts + +This is based of starting at year 1 of the plan with 10 rental properties but it’s just an example I know that’s not realistic unless you factored in at least another 10 years for accumulation. This is just an idea that I want to here thoughts on, But the example as follows. + +You have 10 properties all renting for 2k a month and your mortgage is 2k a month, so you are net even. That leaves you with a principle pay down of 24k a year per property all together 240000$ per year in equity (2000x12months=2400x10) now if you hold all properties for a 10 year frame at net even not taking into consideration any appreciation or rental growth. You’d be left with 2.4 million in equity year 10. (240000x10years=2.4mill) if you were then to sell 6 of those properties it would leave you 1,440,000. In cash before taxes. You would then use the 1.44 mill to pay of the remaining loans on the other 4 properties. Now netting you 8k a month in positive cash flow. Assuming those 4 properties net you 2k a month + +Summary- buy multiple properties net even wait 10 years for principle pay down equity, sell a majority to pay off a minority few to be debt free pure cashflow. +so I'm looking at a house w/ these stats: + +- Cash price $135k +- Buy & Hold opportunity +- This 4/1 SF home is bringing in $1550/month when fully rented +- and being rented out as a sober home +- and the rooms are rented individually and month to month. +- and currently 3 of the 4 rooms are rented +- The tenants have asked to stay so we're prioritizing investors who will respect their leases +- Rehab needed include replacing the condenser, repairing duct work to strengthen airflow to fourth bedroom, and fixing small leak in shower + +So the numbers and ROI on this seem great, assuming you can minimize vacancy. Has anyone else experienced a Sober Home before? Is this asking for trouble? +I want expand my investment portfolio from 1 out-of-state rental unit and get more into real estate. My brother and I are also looking to pool our money together and buy one property to that each has residential units in San Diego, CA. I was going to get a 2/3/4-plex so I can get a better financing as that is considered "residential" and for home office/tax purposes. However, after researching, commercial real estate investing seems to have more growth potential if you can increase the Net Operating Income (NOI) by doing something the current owner isn't doing, where from what I gather, residential properties aren't impacted by the NOI as much. + +So my questions are: with the current state of the economy and being in San Diego would you recommend finding a residential investment property 4-plex and each of us living in one of them or buy a bigger building, go commercial, us live in 2 of them, and rent out the rest. Can you use one of the commercial units as your primary residence and take advantage of the tax benefits? + +Would love to hear your experiences living in your rental properties. Do you think there will be deals on apartment complexes with the state of the economy towards the end of the year? +It's just an opinion piece, but I'm curious to get other people's thoughts on this article or your personal experiences with some of the policies it mentions. + +[https://www.forbes.com/sites/rogervaldez/2020/01/07/prediction-for-2030-a-government-take-over-of-rental-housing/#1a3461841f95](https://www.forbes.com/sites/rogervaldez/2020/01/07/prediction-for-2030-a-government-take-over-of-rental-housing/#1a3461841f95) +I am beginning a savings for down payment of a rental property, preferably a multi-family. Property in my area (MA) is more costly than other areas of the country. A year and a half ago I purchased my own home to live in and I feel as though starting out in investments I will have an earlier start if I look for lower property costs. I would use a property manager as to avoid constant travel and such. Any advice on long-distance ownership would be appreciated. +I'm living in NYC so there's no way I can afford to invest locally, so I will need to invest remotely. And if I do, it really doesn't make a difference to me if the property is 100 miles or 1000 miles away, therefore there are no restrictions for me in terms of location. With that said, I want to find the best areas to invest in nationally, so what are some resources that would allow me to locate areas with high appreciating, balanced markets? +Hi Reddit, I'm a long time lurker. I wanted to know of any resource used to acquire property with over 30 units. I am planning to have at least $120K saved up and plan to buy a multi-unit property for $1-3 million. + +1) What websites (other than loopnet) are used to identify 25-30 unit properties with gross incomes of $10-20K/month? + +2) Would I have enough for down payment? + +3) If I have a credit score of over 775, what else would banks look for? + +4) Would it be best to partner with others? + +5) What factors do people look for when purchasing a "portfolio of properties" other than gross income and area? + +Thank you for your time and attention. + Real estate inventing has always been on my mind but I am still a novice but a situation has came up that's leaving me thinking. This is going to be a little strangely worded but I'd like some ideas and opinions on my current situation. + +I am planning on moving with a few friends into a larger home in my city. Average rent is roughly $1,700-$2,300 a mo. in some places that they're looking. When factoring in gas, water, internet, etc. it's adding a good $400 to those metrics. I frankly think this is insane. + +So me trying to think critically, rather then rent why not just buy the house, split the payments between those living and when the time comes that we're all moving on with our respective lives in a rough 2-6 years, I'd cover the remaining cost, refinance and in turn rent out the house. Average mortgage on the homes in this area we are looking are generally between $1,300-1,800 and appreciation is around 8%. With adding home insurance and usual amenities it's still cheaper/equal to flat renting. + +In the latter scenario it's be building equity rather than getting nothing out. I'd dive deeper into the data I have but in short this seems wildly better than renting. But I'd love to get a second opinion. +If I spend $50 or so on each A/C furnace 1-2 times a year, does this expense pay for itself in the long run? I have limited experience, but from what I have seen so far, unless the tune-ups were done for closer to $20-25 I think I'm better off waiting for something to fail and repair as needed... +I bought my house 5 years ago here in Cali with cash after selling a business I ran in my teens and early 20's. I never expected the price of it to go up so rapidly, but here I am years later and it's worth around 350k on the low end now. + +The market is absolutely nuts. My neighbor just sold his for 400k. He listed it for 375k. It sold in a week after he basically converted it into an auction. I want in on this. + +I have family in Tennessee who have been begging me to move over there for years. I've wanted to for the longest time since taxes here on this property are getting, frankly, really stupid. I also don't need anywhere near this much space, and have 0 interest in starting a family any time soon (married to my online job and all that), so I want something much smaller and more cozy with mountains and forests all around. I couldn't care less about restaurants, bars, clubs, beers with funny names, downtown culture, or whatever politics. I think this is finally a good excuse to just do it. + +The area I'm looking at has a lot of cheaper houses around the 100k range at 1000 sq ft. Absolutely perfect for me. My current one is 1800 sq ft and I only use my laundry room upstairs, the rest up there is just empty. Unfortunately the market is also ridiculous over there too, so finding a house I want to live in long-term has been challenging. + +So I'm considering this plan. Move over there and scoop up one of the more city oriented houses to live in while scouting for a more long-term house in the nearby mountains/forests, then renting out the one in the city. Maybe even picking up another rental so I can just chill and live off rental income while I go hike the appalchian trail. Something I've always wanted to do. + +How many reasons would this be a bad idea? I know absolutely nothing about renting and real estate investing other than throwing cash at my current house as a sort of pseudo bank account early on. +I am beginning a savings for down payment of a rental property, preferably a multi-family. Property in my area (MA) is more costly than other areas of the country. A year and a half ago I purchased my own home to live in and I feel as though starting out in investments I will have an earlier start if I look for lower property costs. I would use a property manager as to avoid constant travel and such. Any advice on long-distance ownership would be appreciated. +UPDATE (5/12): A karma cap of 15k has been implemented starting with this distribution, following the successful passing of [this proposal](https://www.reddit.com/r/CryptoCurrency/comments/mrn758/15000_karma_cap_on_moon_distribution/). + +Karma/Moons ratio: Each 1 point of karma in this round corresponds to 0.238 Moons. + +\*\*\* + +Moons are r/CryptoCurrency's version of Community Points. [Community Points](https://reddit.com/community-points) are a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community. + +Moons are distributed every 4 weeks based on contributions people make to r/CryptoCurrency. For every distribution, Reddit publishes karma data as a default measure of contribution. The community can review the data and optionally propose an alternative distribution, if they wish. + +This distribution is based on karma earned from 2021-04-14 to 2021-05-11. [Here is the data.](https://reddit-meta-production.s3.amazonaws.com/distribution/publish/CryptoCurrency/round_13_proposed.csv) + +To propose an alternative distribution: + +* You can create a CSV with alternative contribution scores or propose changes to the algorithm used to calculate them from karma (as long as the changes can be implemented easily). +* The amount of Moons distributed to a user will be proportional to their contribution score. Contribution scores cannot be negative. +* Make a poll to have the community vote on your proposal. Include an accurate description of the changes you are proposing. +* In order to pass, the winning option in the poll must meet the decision threshold (minimum number of Moons in support). If it is in favor of the change, it becomes the official contribution measurement (unless there is evidence of abuse in the vote, such as bribery). Algorithm changes will carry forward to future distributions. +* In case of multiple competing polls passing, the one with the most Moons cast in favor will be the official one. +* If no alternative passes, the data provided here will become official. + +The contribution scores for this round will be finalized on 2021-05-19. Any poll proposing an alternative needs to be completed by then. + +After the scores are finalized, Reddit will sign the data and publish the final, official data. After that, people will be able to claim their Moons through the Vault in the Reddit mobile app. +I see the line from the title repeated over and over in r/thetagang. Most readers here know that selling options is not quite as simple as the title, but a recent study published by the most excellent /u/spintwig really drives home why that is the case, and I wanted to highlight it. The study contains tests of four different expiration strategies, but this post will pick on the 45DTE (Days Till Expiration), as that interval is the most popular thanks to TastyTrade. + +A highly oversimplified explanation of Spintwig's test is that he backtested selling a put option against the SPX every day for two years. You should absolutely read the entire thing to get all the details (will link in comments as automod typically removes posts with links in them as spam), but here are the parts to this discussion: + +5D options are very far out of the money, so we'd expect small premiums, but a very high win rate. And sure enough, when selling 5D (5 delta) options with 45DTE, the win rate was a whopping 95%. Pretty good right?? I mean, with win rates like that, how can you lose?? + +Turns out you can lose pretty badly. The Covid dip caused losses that completely destroyed the profitability of the entire strategy, even after the market came back. **The 5% of the trades that were losers for the strategy not only wiped out every cent of gains from the 95% of the winners, but ended with the strategy down 12% overall, even after the market recovered.** + +I will quote another very well informed contributor to these subs, u/imnotarobotyouare: + +"This is a successful options seller:" ++1 ++1 ++1 ++1 ++1 ++1 ++1 ++1 +-7 + +"This is a losing options seller:" ++1 ++1 ++1 ++1 ++1 ++1 ++1 ++1 +-9 + +The moral of the story is: Do not conflate win rate with edge. As Spintwig demonstrates, you can play it safe by selling far Out-of-the-money options, win 95% of the time, and still lose a lot of money when the fat tail hits. + +Thanks to Spintwig again for his excellent work and generosity in making it available for free. + +EDIT: Some people seem to think this post is an endorsement of a completely mechanical “sell a SPX put each day” strategy. It’s not. It’s a demonstration of how even a very high win rate can still be swallowed by tail risk. That’s it. +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. +My car was supposed to be paid off via direct debit this week, Ive just noticed the direct debits i signed via their paperwork stopped exiting my bank in December(funds have been available the whole time). + +Does anyone know what i should do? Im worried they could charge a late fee but i feel they are at fault. + +Next Day Update: +The company has confirmed the loan is paid off. +This is despite my paperwork claiming that it was a 60 month term(would have ended 2 days ago), and my last payment withdrawn in December last year. +I've asked for an email stating that the account it paid and closed so that I have it in writing. +They just sent the email so I now have legal proof that my account is completely paid and closed. +I am not going to ask them to look into it any further in case they uncover a mistake, instead I will count my lucky stars. + +Learned my lesson about checking my statements more thoroughly for those wondering! But please also understand my life is in a really hectic/messy stage with other things at the moment so certainly easier said than done! +In the grand scheme of that account, the only way I would have picked up on it is cross referencing every bill on a spreadsheet monthly to identify any mismatch which let's be honest, how many of us actually do that monthly even though we know we probably should! +I'm sorry to have to write this, but due to a loved one's emergency, I'm out of money \- dead broke. Nothing to sell or anything. I am in an EU country, where I do not have the legal right to work \- and there's so much unemployment here, finding a job would be next to impossible anyhow. I'm an intelligent, hardworking and capable person. I am currently earning some slight money writing essays, but there is little work at the moment there. I'm also doing Mechanical Turk, which is very low\-paying and has the unfortunate consequence of sucking time away from activities which could be a bit more lucrative. + +Is there any remote work I could do through Skype or online which could help me reach my daily expenses \(again \- $40 \- $50\)? + +Unfortunately, I can't leave where I am for about a year. I own property, which I also cannot sell for a year, nor can I get a home equity loan, for reasons having to do with my temporary residence permit. Ironically, I came over here to help others and have done a lot of hard work doing just that . . . now I'm in dire straits! + +I won't do anything illegal, obviously! But anyone who can help me come up with something would be a great hero to me. I'm bright and able to handle all sorts of projects. And willing \- dying, even \- to work. + +Thanks in advance. +Financial awareness, literacy, capability, whatever you’d like to call it. What’s the book you recommend when talking to your friends and family about money? +The press is claiming doom and gloom for Australian mortgage holders due to New Zealand increasing interest rates. Do you believe Australia will follow New Zealand example? +I expect NSW to be locked down until sometime in September. Can not see Australian rates rising and setting Australia up for another recession +As per [this thread](http://www.reddit.com/r/investing/comments/1qn34i/meta_should_we_ban_im_a_who_just_got_how_do_i/), we'd like to hear your comments on taking action to ban these posts. + +Should we implement this ban? If we do, what exactly should be removed? These: + +* I just got $X, what do I put it in? + +* I'm X years old and my financial position is X, what do I do? + +or more/less broad? + +Let us know in the comments and we'll try to put something together pretty soon. + +*** + +**Big EDIT**: There's also a very gray area around giving people financial advice. This isn't the same as /r/malefashionadvice or /r/wicked_edge, financial advice is a highly regulated and serious topic. Really the best answer to a question like this should be "You should consult a licensed financial adviser who can look at your unique situation and offer tailored advice based on his professional experience and proven education in the field." I'm not saying that no one should be allowed to answer people's questions, but seeing advice like "You're young so you should add some risk to your portfolio. Biotech is a good way to do that." always makes me feel very uneasy about these threads. + +Now I feel like there is going to be some pushback around bringing this up, but really these threads *are* asking for straight up specific financial advice, and giving it is pretty unethical. There's a reason you have to go through that long certification process to be a CFP. + +Of course this is just my opinion, but I think that should also probably be discussed when looking at this topic. +**Disclaimer** : I only started to get into trading last February and my portfolio is 100% GME. I learnt a lot over the past few months on this sub but still don't know much about trading in general so take everything I say with a grain of salt. **However**, I noticed clear patterns in GME price that are too visible to be coincidences in my opinion, and that I haven't seen talked much on this sub. I will offer my theories explaining the patterns but I hope more wrinkled brain apes can look into it and correct me if needed. + +**TL;DR :** If the Second wedge started in June behave similarly than the previous wedge (and it looks like it is so far), we could see a good set up for the MOASS at the end of August. And also any other day before. + +# 1 - The upward trend line + +This is a line I drew quite some time ago. I actually [shared it on the sub](https://www.reddit.com/r/Superstonk/comments/n4vfx1/not_financial_advice_but_buying_the_dip_close_to/) last May after the price got close to the line again. The post didn't get much traction so let me give more details about why I think this line is meaningful. Here it is : + +[GME Trend line](https://preview.redd.it/2f12tue5ig971.png?width=1285&format=png&auto=webp&s=b58ab508b68f761a957c37218471a6c2c4763d4f) + +To draw it you have to set two data points that correspond to the lowest price on 26th of February -86$ and 13th of April -132$. These round numbers give a total rise of 46$ in 31 business days with an average uptrend of 1,484$/day. + +At first sight, we can quickly notice that even though there are huge swings, the price gets very close to this line a remarkably high amount of times. Between March and June I can count 7 times or period of time where it got really close to it. + +But something that particularly caught my eye was how ridiculously close the price got from the trend line before the January run up : + +[Zooming to 14th December - 21st of January just before the first run up](https://preview.redd.it/0j8kidevng971.png?width=621&format=png&auto=webp&s=a51b01ba4769efcff06e875a9cf4a8dc7a316d7e) + +23rd December and 14th January highest price of the day are literally touching the line perfectly (about 0.5% error) and we get 6 days total where it got pretty close. How crazy of a coincidence can it be that the price follows so accurately this trend line ? Especially since we are *before* the first run up even though the trend line was built using data *after* this first run up. + +Let's now go back to a more recent action price : + +[10th June - 2nd July period](https://preview.redd.it/6dauaymhvg971.png?width=811&format=png&auto=webp&s=270ff45b2cabc33073e47e42cd02a3441278cdd5) + +Even though it is not as obvious, to me the 25th, 28th, 29th and 30th are clearly trying to follow the trend line. Especially considering that the price shot up to 345$ during the June run up. My tits got unreasonably jacked during the last hour of 25th of June with 2M volume and the closing price ended up being precisely back on track with the trend line. + +Starting December 14th, the price got significantly under the trend line only 4 times in total : + +|Date|Duration (trading day)|max difference ($)|max difference (%)| +|:-|:-|:-|:-| +|24th Dec - 12th Jan|12 days|23$|50%| +|8th Feb - 23rd Feb|11 days|40$|50%| +|10th May - 12th May|3 days|25$|15%| +|1st Jul - Present|3 days so far|21$|11%| + +Those are only 4 data points but it appears that at least so far not only the duration when the price stays under the trend line gets smaller, but how far away from the trend the price can go gets smaller and smaller as well. It will be interesting to see if the price gets back to the trend soon or not. + +# 2 - The March-April-May wedge + +I kept on drawing lines and found out something quite interesting : If you draw a line between the highest peak in January and highest peak in March you get this : + +[Descending trend line in yellow](https://preview.redd.it/tst8bcrlal971.png?width=987&format=png&auto=webp&s=64e6bb4067a6f5365e15e085f167fd47e154cdc0) + +As you can see it forms an almost perfect closing wedge at the beginning of May. There is a bit of resistance when it is crossing our upward trend line, then it is forcing its way down before getting back to the upward trend line only 3 days later. + +And then something else appeared : it felt like the whole wedge is trending down at the same speed as the closing wedge. Most notably the 17th-23rd March, 14th-16th April and 19th-23rd April. I draw multiple lines parallel to our descending trend line to illustrate this : + +[Parallel trending lines](https://preview.redd.it/y86wnb1odl971.png?width=987&format=png&auto=webp&s=a028a4a6574340cc124f252336ada853798d9fef) + +# 3 - The June wedge + +I then applied the same logic to our more recent run up. I drew a line from the highest peak in January to the highest one in June and came up with this : + +[June descending trend line](https://preview.redd.it/qvqsq0eigl971.png?width=1478&format=png&auto=webp&s=54548477322e8fd05bfed7add524aa9fc5deff83) + +You probably guess what I'm gonna do now... Draw parallel lines ! And what a surprise ... + +[June parallel trending lines](https://preview.redd.it/4glohk94hl971.png?width=1478&format=png&auto=webp&s=485ee7a68e5fce58a96cebe1692c86cbe25aeba3) + +We are currently trading in a descending channel exactly parallel to the January to June highest points, just like what was happening during the previous wedge. + +# What means ?? + +So here is what I think : Citadel/Short hedge funds have a huge control over the price, but they have to stay within certain limits to stay solvent. Those limits are showing as linear trending lines on the graph. Please correct me if I'm wrong but I believe the reason it is linear is because Citadel primarily uses options which are derivatives of the market. By buying/selling options and hedging at specific times they control the speed at which the stock goes up or down. This means that they are able to transform retail instant buying pressure into a slow linear trend line. That is also why holding is an effective counter to their techniques. + +As long as GME went down after March run up following this downside trend, they were good on their sheets. But when they realized they couldn't keep out of the upward trending line (too many diamond hands), they changed their strategy and went for another pump and dump. Someone suggested they sold crypto to avoid margin call. It could be that they sold crypto to buy GME for this new pump and dump, since the crypto drop happened exactly between the two wedges. + +Big speculation here but I also think that Gamestop sold their shares to counter their pump and dump strategy. Big price movements are not happening because of retail and the price dropped instantly after the news got released that they were going to sell shares. My guess is that Citadel&Co realised they were going to lose a lot of money if they don't sell their shares now so they had to cancel the pump early. That's why Ryan knew it was going to go down instantly and told us to buckle up. + +What this also tells us is that there is no improvements for short hedge funds between the first and second wedge. The price action is still based on the huge amount of options and new shorts created during the January squeeze. The only difference is the 200K puts that expired 16th of April. I think Hedge funds are getting low on ammo. Again. + +# What to expect next ? + +I have added the t+21 cycles and some events coming on the chart and oh boy it looks juicy. + +[T+21 cycles are the periodic vertical blue lines. NFT announcement 14th July.](https://preview.redd.it/40r39mdz1m971.png?width=1392&format=png&auto=webp&s=056668839994edb58a5e39026a31a6b88fc29339) + +I know I know, no dates but come on, here we can see on the graph at around the 20th of August, not only a T+21/T+35 (with 400K puts expiring !) event but also the closing of the big January-June Wedge. Of course short hedge funds could give up any time before that date, but stars seem to be aligning around this time. + +They can push to get out of the linear trend line but I believe they cannot do it for long. Right now it seems that's what is happening. If the theory is correct, the price will eventually get back to the trend line, like it did many times before. We will see how long they manage to keep the price down but I wouldn't be surprised if right now is the lowest price GME will ever be at again. I hope so since I bought a few more shares again today ! + +On the other hand, right now could be what hedge funds think is their last chance to make people sell, so they could go all in to try to keep it low for a longer time like they did in February. + +Keep in mind this is just a theory, it could be wrong or they could work very hard to make the theory become wrong. In any case I have complete trust there are only diamond hands here and MOASS is inevitable, however long it takes. + +If people want to play with the chart you can make a copy [here](https://www.tradingview.com/chart/4MuabdvY/). +(Note: amounts are all after taxes) I make roughly $1700 from my job a month and another $600-800 a month from a side job. I currently live with my parents at 22 and I have little to no expenses when it comes to bills. I’m just considering the option of dropping out of college for now and working to get my life in a routine at least. I know that sounds basic but I’ve pretty much been going nowhere with my life the past 4 years in school, mostly because of my own fault. I just landed a entry level job in IT paying $13/hr and I really enjoy working compared to school. I am a sophmore in college but I really want to take a year or two off from school for the sake of my sanity. I’ve wasted enough money in failed classes over the past 3 years and I feel like I should come back to school later since I have a lot of trouble attending classes and other mental health issues. Ideally, I would stay living at home and save as much as possible while I don’t have bills and also I’m expecting a decent pay raise if I don’t attend school this fall because they really want me to become a year round employee. I could start working full time instead of just this summer where I go to school in Sept. and work part time. I’m a pretty big fuck up in life and my parents have pretty much asked for nothing in return so any advice about saving, getting life on track, etc., is welcome. +&#x200B; + +**Hey Apes, I came across this twitter thread from Tavi Costa, a Portfolio Manager at Crescat Capital, that I thought you all might find interesting:** [**https://twitter.com/TaviCosta/status/1365851330850398210?s=20**](https://twitter.com/TaviCosta/status/1365851330850398210?s=20) + +&#x200B; + +**(Yes, I know he manages a metals fund, this is not investment advice nor a recommendation to buy his products, just thought his ideas are interesting)** + +# I will copy it below in case you don't have twitter: + +# ----------------------------------------------------------------- + +# The Fed is trapped. Let’s dive in deeper. Thread below + +* The year is just getting started and US fiscal deficits already reached another record. Now at its worst level in 70 years. The current fiscal spending path will lead to record Treasury issuance this year. + +&#x200B; + +https://preview.redd.it/s6klrbf3s1w71.png?width=528&format=png&auto=webp&s=bd53c88f51291d89849fcee4e0a106d45ca66790 + +&#x200B; + +* In March of 2020, lawmakers passed the $2.2 trillion CARES Act bill. Then, an additional $900 billion of stimulus in December. + +&#x200B; + +* With the decline in tax revenues and other discretionary and non-discretionary outlays, the government had to issue $4.4 trillion of net new debt in 2020 to fund these programs. + +&#x200B; + +* **To fund this operation, the Fed purchased $2.4 trillion of these Treasuries, or 54% of the total issuance. Equating to an average of $197 billion per month.** + +&#x200B; + +* **In 2021, if the Fed decides to stick with the $80 billion/month plan, it would be 60% less than what they did last year. The math does not add up. Fiscal spending is likely to be significantly higher.** + +&#x200B; + +* The administration is now planning on a two-stage stimulus package: rescue and recovery. The “rescue” will be close to $1.9T. That needs to be passed in the coming weeks before unemployment benefit programs are exhausted of money. + +&#x200B; + +* The “recovery” part, still being discussed, could be as large as $3T! That puts the Government's rescue and recovery package cost close to $4.9T. Again, that compares with the $3.1T that was passed in 2020. In other words: A tsunami of Treasury issuances is likely underway. + +&#x200B; + +* There is, however, another important consideration. Not only fiscal spending is surging but US Federal net tax receipts are also rolling over again. As of January 2021, US federal tax receipts are down -3% on a year over year basis. + +&#x200B; + +https://preview.redd.it/e7z1b4t5s1w71.jpg?width=590&format=pjpg&auto=webp&s=26112b7ecbb816782633e01f6d7d198a200cd2bf + +&#x200B; + +* **One would wonder who is going to fund all this debt. Foreign investors? They only bought 5.2% of all Treasuries issued in 2020.** + +&#x200B; + +* **US banks? Sure, they bought 17% of last year’s issuance. They are loaded with Treasuries already. In fact, banks now lend more to the government than to businesses and households by a record amount.** + +&#x200B; + +* The ball is clearly on the Fed’s court. But it is also facing its worst predicament yet. + +&#x200B; + +* It must suppress interest rates to allow the government to run extreme fiscal deficits and continue to prop up the equity and bond market at record valuations while inflationary forces keep building up. + +&#x200B; + +* **In our analysis, the Fed will have no choice but to substantially increase its planned quantitative easing. After all, the central bank is the lender of last resort. But US taxpayers will also be on the hook.** + +&#x200B; + +* Throughout history, an increase in income tax rates tends to follow a period of large government spending. It is only a matter of time until this becomes an even more discussed topic. So far, today’s narrative is all about how big the fiscal stimulus is going to be. + +&#x200B; + +https://preview.redd.it/soe7yhi8s1w71.png?width=778&format=png&auto=webp&s=c19f0d6ebae285c61779f53ec0d6376a12d2c7b6 + +&#x200B; + +* If nominal interest rates continue to rise and threaten the government funding situation, policy makers will have to redirect their focus towards the debt problem. Nonetheless, tax increases are inevitable and that is indeed negative for risky assets. + +&#x200B; + +* Yes, the equity market did not have significant issues when tax rates were trending upward and reached 94% at the end of World War II. + +&#x200B; + +* **However, with stocks near record multiples across almost all fundamental factors, we think risky assets cannot undergo such a tightening impact in the economy at today’s price levels.** + +&#x200B; + +https://preview.redd.it/t6f5xc4as1w71.png?width=870&format=png&auto=webp&s=0b126cb5374959a8cee6179d50f97b48c6ababe9 + +&#x200B; + +* Back to the Fed however: We think it will have no choice but to increase its QE program significantly. In such an environment, investors will seek hard assets for protection. The issue is that a commodity boom is contributing to reflexive macro inflationary pressure. + +&#x200B; + +* **After years of underinvestment in the basic resources of the “old economy”, the world is facing commodity supply shortages.** + +&#x200B; + +* Lumber and plywood prices are not only near record levels, but they are also rising at their fastest pace since 1974. Agricultural commodities, base metals, gasoline, natural gas, are all up over 20% YoY. + +&#x200B; + +https://preview.redd.it/81ue2igbs1w71.png?width=528&format=png&auto=webp&s=a70567284e65a1fa666c18475565e5e77dd69ea1 + +&#x200B; + +* Not to mention: The rising industrial demand in a fiscal stimulus driven economy attempting to both recover from Covid and transition to a cleaner, greener economy. + +&#x200B; + +* Similar to the issues we had after the Spanish Flu in 1919, inflationary pressures keep building. Back then, consumer goods prices began to rise due to a raw material shortage problem. + +&#x200B; + +* Commodity producers were running well below their historical capacity, resulting in a sharp upward move in prices. This time, on the other hand, the pandemic already started after several long years of under investments in the commodities market. + +&#x200B; + +* To highlight, investments in mining exploration are at a 62-year low! We strongly believe that there will be major supply/demand imbalances in the next years as part of the current macro environment. + +&#x200B; + +* When adjusted for inflation, commodities are just slightly above the worst levels of the Great Recession. We are likely entering a super cycle period. + +&#x200B; + +https://preview.redd.it/tr6bdztds1w71.png?width=528&format=png&auto=webp&s=03bba788ba2bd7fe7ae92a6fff06c4d21531dee2 + +&#x200B; + +* Commodities are the highway from the old to the new economy. When their prices go up, the whole investing landscape is set to change. + +&#x200B; + +* **This is not like the disinflationary times we had after the global financial crisis. It is quite the opposite. Today, we have inflationary pressures on both the demand and supply side of the economy.** + +# -------------------------- + +# BUY, HODL, VOTE GME + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* +[https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-2020-results](https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-2020-results) + +&#x200B; + +* Comparable store sales increased 6.5%; +* Net sales were $2.122 billion compared to $2.194 billion in the fiscal 2019 fourth quarter, reflecting an operating environment that included a 12% decrease in the store base due to the Company’s strategic de-densification efforts and a reduction of approximately 27% in European store operating days during the quarter as a result of temporary store closures in response to the COVID-19 pandemic; +* Global E-Commerce sales (included in comparable store sales) increased 175% and represented 34% of net sales in the fiscal 2020 fourth quarter versus 12% of net sales in the fiscal 2019 fourth quarter; +* Gross margin was 21.1%, a decline of 610 basis points compared to the fiscal 2019 fourth quarter, reflecting an expected mix shift toward lower margin console sales in response to the launch of generation 9 consoles, increased freight and credit card fees associated with the shift to E-Commerce sales, and a broader promotional stance; +* Selling, general and administrative expenses were $419.1 million, a decline of $92.6 million, or 18%, from $511.7 million in the fiscal 2019 fourth quarter, driven by the Company’s cost optimization initiatives; +* Income tax expense was a benefit of $69.7 million due to a change in the tax status of certain foreign entities, and the impact of the CARES Act, including tax benefits associated with the availability of a five-year carryback period for certain current year tax losses (which compares to income tax expense of $43.8 million in the fiscal 2019 fourth quarter), and; +* Net income was $80.5 million, or $1.19 per diluted share on 67.8 million shares outstanding and included a $1.03 per share tax benefit as described above, as compared to diluted earnings per share of $0.32 in the fiscal 2019 fourth quarter.   Adjusted net income was $90.7 million or $1.34 per diluted share, compared to adjusted net income of $83.8 million or $1.27 per diluted share in the prior year fourth quarter. +It happened in all of 10-15 minutes it took me to take a piss at the hospital bathroom near where I parked. I still can't really fathom how it happened, but I may have left the door unlock as I rushed to relieve myself. + +But on to the pertinent stuff. I've just returned from the police station after reporting it stolen. I intend to call my insurance company and do likewise in the morning. Can't think of anything else that requires immediate attention. + +The car itself has no great material value. Its a 96 Honda civic sedan - with a busted rear bumper due to a rear ending accident to boot. But I've just lost my mode of transportation. Its utilitarian value is modest but non-trivial. I'm a part time caretaker (part time student) for an elderly relative and use it for shopping/errands and taking him to hospital appointments. Transportation and mobility will be inconvenienced, but I think it will be manageable. At the very least, the impact wouldn't be as great as when I had a 9-5 a few years ago that required daily commuting. + +My current financial situation is not great. my caretaker job pays ~$600 a month about which rough half is used to pay regular bills. I live frugally, but every 6 months, school fees/expenses consistently eats up $6,000+ of my reserves from when I had more gainful employment. I have ~$12,000 of liquid funds on hand with an additional ~$5000 available if I absolutely need to break a CD. + +Even tough I have yet to finish, I've been contemplating putting school on hold and returning to work full time. This new situations throws my plans and goals into complete disarray as I'm no longer sure how I should prioritize given the new burdens/responsibilities/inconveniences I must now contend with. + +Any insights? What bugs me the most is the questions I haven't yet thought to ask. What have I missed? + +any help would be appreciated. +I need to get some much needed sleep now. + +update: Holy Cow! Just got a call that they found my car. I'm unable to meet the officer with my vehicle in 20 minutes. So I'll have to recover it from the tow yard. will keep you all updated as things progress. +Hi, + +I have a friend who is contemplating what to do with their career and personal life. The person has lived in London for 20 years and is becoming demoralised with the expensive lifestyle, overcrowded-ness, and barely getting much in return. + +If you moved out of London to other parts of the UK, what is your financial situation now and how happy are you in general? +http://www.marketwatch.com/story/your-retirement-plan-may-be-overhauled-to-finance-tax-cuts-2017-04-04 + +Key Pieces: + +>Word has it that the Congress will be looking for revenues to finance tax cuts and that one possibility would be to shift IRAs and 401(k) plans from the traditional form to a Roth. + +>At first, I thought such a proposal was fanciful, but the House Ways and Means Committee draft Tax Reform Act of 2014 contains just such provisions. In the case of IRAs, the proposed legislation would prohibit any new contributions to traditional IRAs; all new contributions would have to be made to a Roth. + +> The proposal for 401(k) plans is somewhat more complicated. Plans would be required to offer Roth accounts. Employees could contribute up to half the maximum annual elective deferral amount (in 2017, the standard limit is $18,000; with catch-up contributions for those 50 and older, it is $24,000) into a traditional account, but any contributions in excess of half of these limits ($9,000 and $12,000, respectively) would be required to go to a Roth account. Employees could choose to contribute up to the entire annual limit to a Roth account. Employer contributions would continue to go to traditional accounts. + +This is not just some random Op-Ed, she has been active in policy and currently runs the Center for Retirement Research. (https://en.wikipedia.org/wiki/Alicia_Munnell) + +This obviously makes tax changes much easier from a budget perspective, but would obviously hurt most of us here. +Thoughts on doing a 140 mile commute (2.5h) to work 2-3 times a week? + +Currently live on my own near work but I would save £1700 every month instead of £700 if were to commute from my parents house (I'm 25). 700 before stuff like groceries and one off payments like car insurance. + +I would work from home 2-3 days a week and there's only two companies in the UK that I can do the exact same work (in x-ray tech) both equally as far away so moving to another job difficult without more experience or doing something different. I could work for a university but those jobs suck and non permanent until I become a lecturer which also sucks. + +If it was 15p a mile, that would be £420 (average 2.5 days a week) in terms of extra car costs. If I needed to stay consecutive days I could stay at a hotel. I should get a 5-7k pay rise In a 2 months but I would only really see half of that after taxes/NI/student loans. The extra money could be used to save quicker for a house. + +Edit: Also when I take my 26 holidays days off I don't need to still pay for rent and travel costs. + +Edit 2: may have under estimated travel costs and possible others so actual savings may only be 500 more than what I currently save - so commuting doesn't sound as great + +Edit 3: thanks for all your comments, 2/3 days a week probably doesn't make sense for this long of a commute. It only really makes sense right now is go up there once a week and stay in an air BnB/hotel for 1-2 days. Or to reduce Or reduce my rent by living in a flat share + +30-40p a mile might be more realistic for actual costs + +Edit 4: use the budget planner spreadsheet on this sub Reddit, it makes everything more clear and what's really worth doing +Today someone placed an ~$1.8 Million bet that $CRM would be trading above $195.99 by July 8th. This would represent an ~10% increase from where it currently trades. They paid .99 for 18,000 options, in one print. + +When the trade was placed, $CRM was trading right around $181.70 and $CRM ended the day lower at $181.31. This same spread is currently trading for ~.78 + +This is not an earnings play, as they recently reported. They do not have any scheduled upcoming events. + +This will be an interesting one to watch. I usually don't see such large, short dated spreads that are that far OTM. + +Possible upcoming upgrade? + +*Lets add some more spice to this. Options are currently pricing in an $11 movement by July 8th, which would put $CRM at ~$192.00. So they are expecting a greater movement than what the options currently have priced in. +I am sure we've all seen it, from the $5 a gallon gas to skyrocketing rents/mortgage costs, etc.. From family out side of the US, this seems to be a worldwide phenomenon, only expected to get worse. For the most part I think if you are FIRE'd already this give you a hedge against inflation, example, no commuting to work (saving on gas), probably a paid off house etc. + +But for those of us still in the planning stage has this affected your FIRE plans? Would love to hear how it has and what if anything you are doing to mitigate. + +EDIT: I know $5 a gallon probably won't upend anyone's plans but the reason I posted this, is when I heard from my cousin and his daycare cost at $2400 a month. I had my kid in the same one about 5 years ago for $1300 a month and that amount was insufferable. +I have been seeing more and more of these 500c-800c's popping up daily now and today happens to be the biggest block series purchased I have seen since 04/16. + +[either about to be rich or a future manager of Wendy's](https://preview.redd.it/hoccg6ftasx61.png?width=1210&format=png&auto=webp&s=bdef7e98ebbd28bf39cc7e34db1dbe51aa5b9636) + +I myself am long in GME because Ryan Cohen is BRILLIANT and the company will be great in the future under proper leadership. As for the squeeze, I would not mind it but could care less atm. Should it occur, I will buy covered calls (buy-write for those who do not understand) and enjoy it. + +With the proxy vote arriving, does anyone see it being the catalyst for the squeeze to finally occur and be ended? We can all agree that absuive shorts attempted to bankrupt GameStop and should not have the power to do so. My thoughts are, with the amount of calls being "thrown to the wind" like these, is there something we do not know or cannot see? Why would someone aimlessly throw away $1.6m? They wouldn't. I have the luxury of doing well for myself and would not waste money on a guarentee fail. So, if you have any thoughts that aren't too tin-foilish, lmk. + +Cheers and good luck to everyone. Bears, Bulls, Pigs, and even gamblers. + +***Edit*** : If you find this person, please let me know so I can buy them a Ternion award and give him my wife for a night. + +***Edit 2*** : Please everyone....this is meant to be a discussion on who or what would buy these and NOT a debate on whether or not to buy them. Understand, I would not buy them myself as I only play weekly covered calls/puts. I am invested IN GME and NOT trading GME. I like Ryan Cohen and love what he has done with Chewy. So his new journey is exciting. Outside of GME, I play TSLA, MARA, VIX (bear mode activated), AMZN, AAPL. I also tried playing RKT calls for earnings. We all know how that went.... 1.89-.06 per contract lmao + +***Edit 3*** : A buy-write is how to purchase covered calls. I'm happy to make a post on this as a few people in the comments below do not know about this. Learning is key to success and I'm happy to share knowledge on it. + +***EDIT 4 :*** *Thet bet CORRECTLY!!!! BRILLIANT play!! Well Done person. You are now a whale as the contracts went above $12.05 for a moment!* +I have been seeing more and more of these 500c-800c's popping up daily now and today happens to be the biggest block series purchased I have seen since 04/16. + +[either about to be rich or a future manager of Wendy's](https://preview.redd.it/hoccg6ftasx61.png?width=1210&format=png&auto=webp&s=bdef7e98ebbd28bf39cc7e34db1dbe51aa5b9636) + +I myself am long in GME because Ryan Cohen is BRILLIANT and the company will be great in the future under proper leadership. As for the squeeze, I would not mind it but could care less atm. Should it occur, I will buy covered calls (buy-write for those who do not understand) and enjoy it. + +With the proxy vote arriving, does anyone see it being the catalyst for the squeeze to finally occur and be ended? We can all agree that absuive shorts attempted to bankrupt GameStop and should not have the power to do so. My thoughts are, with the amount of calls being "thrown to the wind" like these, is there something we do not know or cannot see? Why would someone aimlessly throw away $1.6m? They wouldn't. I have the luxury of doing well for myself and would not waste money on a guarentee fail. So, if you have any thoughts that aren't too tin-foilish, lmk. + +Cheers and good luck to everyone. Bears, Bulls, Pigs, and even gamblers. + +***Edit*** : If you find this person, please let me know so I can buy them a Ternion award and give him my wife for a night. + +***Edit 2*** : Please everyone....this is meant to be a discussion on who or what would buy these and NOT a debate on whether or not to buy them. Understand, I would not buy them myself as I only play weekly covered calls/puts. I am invested IN GME and NOT trading GME. I like Ryan Cohen and love what he has done with Chewy. So his new journey is exciting. Outside of GME, I play TSLA, MARA, VIX (bear mode activated), AMZN, AAPL. I also tried playing RKT calls for earnings. We all know how that went.... 1.89-.06 per contract lmao + +***Edit 3*** : A buy-write is how to purchase covered calls. I'm happy to make a post on this as a few people in the comments below do not know about this. Learning is key to success and I'm happy to share knowledge on it. + +***EDIT 4 :*** *Thet bet CORRECTLY!!!! BRILLIANT play!! Well Done person. You are now a whale as the contracts went above $12.05 for a moment!* +So the ATO website doesn't update your balance until your employer makes the contribution (usually around June once a year). + +Many of us are contemplating paying off our HECs next year before indexation. + +I've been told by others that you can't ever know what is the balance as at today etc. I've had people call ATO and they also haven't been able to. + +So when next March/April comes along we wish to pay all of our HECS off, how do we know the balance. + +One strategy a friend advised was to see the balance on your ATO portal, then calculate how much you've paid according to prior payslips since near financial year. + +Is this seriously the best way? It sounds so unreliable to me. Does anyone else have any suggestions? Thanks so much in advance. +Please do not allow this sub to fall down a conspiratorial rabbit hole. The posts I've seen with thousands of upvotes this morning all based on the opinions of one anonymous person, who seems unwilling or unable to provide any evidence of their claims, will damage the sub. The focus should be kept on the blatant large unreported short position on GME. That's what we're here for, isn't it? I hope I'm not in a minority of people thinking this is just attention seeking bullshit - because if I am, this is not the sub for me. +You know memecoins are all the rage right now. We are sitting at just over 500k Market Cap so this is your chance to be early! + +&#x200B; + +Unlike our NYSE counterpart GME, our coin is a safe haven for committed investors that won't be beaten down by blatant market manipulation. Hedge funds and the government can't touch us, and the best way to prevent them from rigging the game is to move our funds to an entirely new game run for the people, by the people. We aim to be the GameStop of crypto, and will settle for nothing less. It’s been a long but rewarding road for MoonStop. Having been through the rigors of improving our code to perfection, we are now here and ready to launch in a big way! + +Our dev worked with another dev (hint: this other dev worked on a mainstream project that is currently the talk of the cryptosphere) to put anti-bot and anti-whale mechanisms in place so nobody gets financially wrecked. + +What we have coming: + +\- AMA with Satoshi Club on Telegram on April 25th (53k+ telegram members) + +\- A correction of our CoinMarketCap listing to include the right contract code. This will absolutely take off when this is completed. + +\- Coingecko listing once we have enough holders. + +\- A meme contest with $1,000 USD to be won + +\- Charitable donations to organizations chosen by our community. + +&#x200B; + +Contract code: 0x150159c72f0f9ef9000bf95e242de6682480d6d3 + +Chart: [https://charts.bogged.finance/?token=0x150159c72f0f9ef9000bf95e242de6682480d6d3](https://charts.bogged.finance/?token=0x150159c72f0f9ef9000bf95e242de6682480d6d3) + +[https://poocoin.app/tokens/0x150159c72f0f9ef9000bf95e242de6682480d6d3](https://poocoin.app/tokens/0x150159c72f0f9ef9000bf95e242de6682480d6d3) + +&#x200B; + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x150159c72f0f9ef9000bf95e242de6682480d6d3](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x150159c72f0f9ef9000bf95e242de6682480d6d3) +In the last 17 days since Million Token launched, here are what we have accomplished from recent to last: + +· BSC network integration (bridged) ☑️ + +· Tradeable in PancakeSwap (Volume up over 1M in just an hour of trading) ☑️ + +· LBank exchange listing (own listing) ☑️ + +· Gate.io exchange listing (own listing) ☑️ + +· TOMO chain offered TL a collaboration ☑️ + +. TosDis project offered collaboration ☑️ + +· PinkFinance offered collaboration ☑️ + +· Featured at Pressat.co.uk article press release ☑️ + +· Feature at Invezz.com news ☑️ + +· Acknowledged by fellow Youtubers ☑️ + +· Listed at CoinGecko and CoinMarketCap ☑️ + +· Still LOWEST Whale whale concentration in top 10 Wallets, especially compared to SHIB/DOGE. ☑️ + +· TL releasing MM related videos every other day since launched. ☑️ + +· MM token tracked by ZAPPER ☑️ + +· Growing marketing, design, admin and mods teams. ☑️ + +· MM token holders exponential growth to 12,853 holders ☑️ + +· Discord is now 8,234 members. ☑️ + +· Top 1 gainer in Uniswap for 5 consecutive days ☑️ + +· Top 5 volume in Uniswap during the run up to ATH. ☑️ + +· Reached 23,200% ATH ☑️ + +· Subdued FUD from DCF_GOD and Cointelegraph (Q&A video by TL) ☑️ + +There’s a lot more to come will you join us on the biggest crypto moon shot of 2021 ? 🦁🚀 + +"Store of Value" with only 1 million supply + +0 inflation + +homogeneous token distribution + +only 100m market cap now +GOOD PRICE POTENTIAL 🚀 + +Protected by Ethereum ⚠️ +when ethereum 2.0 comes MillionToken will be a PoS "Proof of Stake" so it will be + +Green 🍃 +Fast ⚡️ +Cheap 😎 + +better than bitcoin as a "store of value" + +[Website](MillionToken.org) + +[Dextools (USDC/MM)](https://www.dextools.io/app/uniswap/pair-explorer/0x84383fb05f610222430f69727aa638f8fdbf5cc1) + +[Dextools (WBNB/MM)](https://www.dextools.io/app/pancakeswap/pair-explorer/0x7cb5e7048215f7c225a8248b4c33fd32ca579c75) + +[Discord](https://discord.gg/milliontoken) +Hello fellow Apes and Apettes! + +The last few days have been really crazy around this sub, its clear that the Hedgies are getting anxious and have sent their shills here to divide us! **FEAR NOT! WE HAVE THEIR PLAYBOOK!** This DD is meant to be educational rather than anything on a way to get into the mind of our enemy. The first step to defeating your enemy, is to learn about them. This DD is not yet complete, and will contain edits, and other follow up posts regarding NAKED SHORT SELLING, and how they manipulate the market. I am very smooth brained, but am an avid researcher. There are a lot of things I still dont understand as this is a learning experience. I have been doing alot of reseach on naked short selling, and came across this research paper written in 2005 on the SEC website titled + +>SHORT SELLING, DEATH SPIRAL CONVERTIBLES, AND THE PROFITABILITY OF STOCK MANIPULATION + +You know I had to instantly dive in, and what I realized is that **WE HAVE THIER PLAYBOOK, WE KNOW THEIR MOVES!** [The link to the paper is here.](https://www.sec.gov/comments/s7-08-08/s70808-318.pdf?fbclid=IwAR25gnSvXR0Fo0FCVrzlgmnwiN4MikTgxAKU5jQFBLNQ__GEzvYAtPFB7cI) + +First thing you need to know is what is regulation SHO? + +&#x200B; + +https://preview.redd.it/aw8j1o4adnz61.png?width=573&format=png&auto=webp&s=06f56ee37ba4479b4dc3e0e56b71c2ae5d78927e + +Basically, Regulation SHO was put into place by the SEC in 2005 to stop Naked Short selling.(I do want to note that anything that is found in quotations is directly from the SEC report that I linked above.) I am basically going to run through the document and pull out some really important information even though i think the whole document should be examined closely by everyone. So lets Dive in! + +>The SEC recently adopted Regulation SHO to tighten restrictions on short selling and curb abusive short sales, including naked shorting masquerading as routine fails to deliver. + +https://preview.redd.it/o45da2orenz61.png?width=521&format=png&auto=webp&s=02a20e4de47eee24123c6851cd074af6fee134d0 + +Does this look and sound familiar? Spreading fake rumors in order to scare people into selling? I have seen alot of shilling this last week which leads me to believe we are extremely close to the MOASS. + +https://preview.redd.it/w0mbt06eenz61.png?width=469&format=png&auto=webp&s=c31448d6de40aa241200ffddee72516ea56ae350 + +The most important text to me in this is marked in blue. To all the people saying the shares can not exceed the float, here it is in black and white derived from the SEC site. + +>At times, the amount of failure to deliverss may be greater than the total public float. + +Another super interesting thing I find here is where it says the naked short seller **unilaterally converts a securities contract into an UNDATED FUTURES-TYPE contract?!** + +>However, when left unchecked, short selling can artificially depress share prices and impair market efficiency (SEC, 2003b). + +I know guys hang in there! This is where things get really Interesting! + +\&amp;amp;amp;#x200B; + +https://preview.redd.it/dphdsnz3fnz61.png?width=537&format=png&auto=webp&s=50bf6beb7de660ee182346c919dcd89c6f79b1f8 + +>Stock market manipulators use a variety of devices, such as releasing false information about a company into the market,8 and employing trading strategies that impede the price formation process, such as naked shorting, wash sales, matched trades, and painting the tape, all of which inject misleading trading information into the market, to move market prices in the direction that benefits the manipulator. Illegal short selling, such as naked shorting, can distort market prices by creating artificial supply-demand imbalances (Thel, 1994). + +I found this paragraph very interesting. These are the tactics commonly used by short sellers to manipulate the market in their favor! **WE HAVE THEIR PLAYBOOK!** + +**What is painting the tape?** + +Painting the tape is a form of market manipulation where market players ***attempt to influence the price of a security by buying and selling it among themselves to create the appearance of substantial trading activity.*** The goal of painting the tape is to create the illusion of an increased interest in a stock to trick investors into buying shares, which would drive the price higher. + +I know what you are thinking why would they want to drive the price higher when they are short? **BECAUSE THEY WANT TO GIVE YOU THE ILLUSION THAT THEY COVERED THEIR POSITIONS!** They never covered! + +Now here is the part where they are manipulating us and using us! + +https://preview.redd.it/k3qp211afnz61.png?width=551&format=png&auto=webp&s=1299beb7b38062db0a5b2710d0ffc9261a9f4226 + +>Price momentum occurs when trades are large enough to move the price and an increase in price at one date causes an increase in price at a later date. A large trader’s purchases create upward price momentum, and then she trades against the price trend to lock in her profit by selling to noise traders who buy at the inflated price. Presumably this sort of manipulation could work in reverse with the large trader selling short to stimulate downward price momentum and then covering his short position by buying at depressed prices from noise traders. In my model active traders sell in the next period when they observe that the informed investor has sold shares, which moves the price downward. The informed investor can cover his short by buying from the active traders, or he can wait until after the further drop in price to cover, depending on how costly it is to carry 6 the short position another period.\&amp;amp;gt;\&amp;amp;gt;Naked short selling can increase the manipulator’s profit. A short seller, who profits by buying the shares to cover her short position at lower prices than the selling prices, can drive the price of a stock lower by selling short a larger number of shares. Without enforceable restrictions requiring short sellers to borrow the shares before they can commit to sell, a short seller might destabilize the market for a particular stock through naked shorting. + +Here is where I will end this so I can research exactly what this next section says. + +&#x200B; + +https://preview.redd.it/ckyquozrfnz61.png?width=546&format=png&auto=webp&s=a204050a1e24dd0dc6428e36f9cf0fbb1c952bb0 + +[https://preview.redd.it/ki0pe6z56kz61.png?width=546\&amp;amp;amp;format=png\&amp;amp;amp;auto=webp\&amp;amp;amp;s=62ce6b4d6664391d01553929968d1cc5c59b9761](https://preview.redd.it/ki0pe6z56kz61.png?width=546&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=62ce6b4d6664391d01553929968d1cc5c59b9761) + +Obviously Gamestop is very far from going to zero, and at this point its not even a possibility due to them being completely debt free, a complete resturcturing, and changing their business plan to pivot into E-commerce and Esports! + +\&amp;amp;amp;#x200B; + +There are a couple realy interesting things here. **What are conversion shares?** + +A **conversion** is the exchange of a convertible type of asset into another type of asset—usually at a predetermined price—on or before a predetermined date. The **conversion** feature is a financial derivative instrument that is valued separately from the underlying security. + +The **conversion** price is the price per share at which a convertible security, such as corporate bonds or preferred **shares**, can be **converted** into common **stock**. + +**What is the conversion price?** + +The conversion price is the price per share at which a convertible security, such as corporate bonds or preferred shares, can be converted into [common stock](https://www.investopedia.com/terms/c/commonstock.asp). The conversion price is set when the conversion ratio is decided for a [convertible security](https://www.investopedia.com/terms/c/convertible-security.asp). The conversion ratio can be found in the bond [indenture](https://www.investopedia.com/terms/i/indenture.asp) (in the case of convertible bonds) or in the security [prospectus](https://www.investopedia.com/terms/p/prospectus.asp) (in the case of convertible preferred shares). + +So this all leads me to research corporate bonds and convertible bonds for Gamestop, to see if this method is something the hedgies have been using, and how we can use it to fuk them. Part two coming soon! + +**DIAMOND F\*CKING HANDS. HODL GME & BUY GME THIS IS HOW WE WIN!** Edit: this is the TLDR or you can read the comments. Idk how to summarize all this information. I made it short so it was readable. + +Edit: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 Edit: u/feed_bag has made me aware that a while ago Atobitt did a DD about convertible bonds, and that GME has not issued any convertible bonds. With that information coming to light, part two will be focused on the other shill tactics and applying them to GME. Here is the link to Atobitts DD: [https://www.reddit.com/r/Superstonk/comments/mmz5yx/convertible\_bonds/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mmz5yx/convertible_bonds/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Edit: Also check out u/eternalDissonance comment in the comments! Here is a post he made as well with a complication of videos! That can be used as an educational resource! [https://www.reddit.com/r/Superstonk/comments/ne3i7b/links\_to\_important\_videos\_to\_watch\_about\_all\_the/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/ne3i7b/links_to_important_videos_to_watch_about_all_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +This is the opportunity of a life time. After the stock dropped 8% yesterday I doubled down. Got the same options for half price, what a steal. We dropped about 7% so far today, even more discounts for calls! I will be doubling down every time peloton drops over 5%, because this bitch is a Becky. I'm telling you right now, if you don't load up on Peloton calls, she's gonna be the one who got away. Pton to 45 by the 27th. +I want to discuss a few things, just for the sake of maybe helping someone. Maybe just to help one person who reads this. In this post, I want to discuss ego, stop losses, the concept of big winners, and the concept of adding to losers. These concepts all tie together in a pretty neat way once you understand how self-sabotage begins and ends with all of these things. The only way to blow up your account is to be on the wrong side of one (or multiple) of these concepts. + +If you're a day trader, even a total novice, you're probably familiar with all of these concepts. And if you've been doing this a while, chances are you've chased big wins and added to losses. Chances are you've ignored a stop loss or two, or blown up 9 accounts by ignoring stop losses altogether. + +One of the biggest issues I see among fellow traders, and one that I've really stayed away from at all costs, is adding to losers. This is a commonly discussed problem, but it's one I wanted to flesh out in my own words. + +**Big Winners** + +Let's start here. + +Note: I'm going to speak with sentences containing the word "you", but I'm talking to myself just as much as I'm talking to whoever's reading this. + +You will have big winners. Eventually. And, if you're doing things right, repeatedly. *But you don't get to choose when your big winners will come.* I consider the previous sentence a cardinal rule of trading. You do not get to choose which trades will effortlessly go your way for 10R. You do not get to choose which trades will gap up and fade nonstop all day without stopping you out. You do not get to choose which stocks will run parabolic six hours in a row and end up netting you a 215% return. You do not get to choose which stocks will respond well to catalysts and which will not. You do not get to choose which stocks will be in favor during a given week. You do not get to choose which meme stock is going to the moon this month. And you do not get to choose how far each stock will move based on a "hunch" or empty hope. + +In other words, do not put on big trades chasing that big huge win. Because you're "more confident than usual", or "the setup is perfect"... or, even worse, because you "need a big win." The market is most likely going to punish you for that (even if it rewards you first, which is a very painful trick the market can pull on us sometimes). It has punished me numerous times for that kind of thinking. More often than not, my big wins come when I do not expect them to. In fact, a lot of my big wins are on setups that don't even make sense as to why they became big wins. They just... keep going and going, for no apparent reason. + +I'm not going to tell you you can never increase your risk on an unusually high-confidence setup. That's up to you and your money management rules. What I'm saying is, do not let your ego demand big wins. This is an ego problem. This is your ego telling you "this is the one, and we're not taking no for an answer." That's terribly dangerous thinking. Don't think that way. + +Just make yourself available to good trades, and manage them according to your rules. I promise, even with conservative rules, some trades will surprise you. Sometimes a trade will just effortlessly go your way for multiple times your risk (multiple Rs), and never even tease your stop loss the whole time. Be happy about it, but don't expect or demand it. + +**Why, specifically, you should not chase big wins** + +Here is a list of reasons you should not demand big wins from the market: + +\- This kind of thinking inherently produces emotions. For the entire duration of the trade, you are trading with emotion. That's rule number 1, broken from the second the trade is opened + +\- You will hold too long + +\- Or, you will sell too quickly because you're panicking over the awful position you've put yourself in + +\- You will ignore your stop loss (or worse, not even consider one) + +\- You are not trading by your rules when you're chasing something abnormal. Trading without rules is suicide, and chasing "abnormal" is also suicide + +\- You are more likely to average down on losers when you're chasing a big win + +\- Big losers (which this will often produce) will just wreck you emotionally + +\- You will ignore any and all evidence that you are wrong, because your ego is telling you "this is the one - you can't be wrong" + +**Adding to losers** + +So let's dig into why, in my opinion, we should almost never add to losers. + +Let me first say a few things that I see as fundamental truths, to lay a foundation: + +1. This is not investing. You don't add when the stock is "on sale." The entire point of a trade is that you get a trigger, the stock moves your direction immediately (or soon), and you have profit targets based on the structure of the market. In investing, your goal is to amass stock as cheaply as possible, just because it's cheap, and hold onto it. In trading, your goal is to take a trade *right now*, **based on a trigger or a setup**, and figure out whether you were right or wrong quickly. +2. In investing, there is a thesis for your investment. A specific set of reasons why you bought the stock. On THIS point, I see trading the same way. My trade has a thesis. With multiple specific reasons why I took the trade. In investing, if your thesis is broken, you should sell the stock now - no matter what the current price is. Because your plan did not come to fruition - period. Things have changed and there's nothing you can do about it. In trading, if one or more of the reasons you took the trade falls apart, then your plan did not work. There's no point in hoping - the trade did not work as you planned on it working. It's as simple as that. +3. If, however, your plan *specifically* involves taking a starter position and then adding as the trade builds confidence or shows more positive signs - then you have a good reason for adding. Only if your plan very specifically calls for adds upon certain conditions being met. I don't prefer to trade this way, but I know people who do. And it works for them. + +Now, we all know that it's hard to accept being wrong on a "perfect" setup, or on a huge volume gapper, or on your favorite stock. We all know it's hard to accept being wrong when there were 15 different reasons why the trade looked perfect. + +But trading is not about pulling what you want out of the market. It's not just about being right. 90% of trading success comes from being effective at admitting that you're wrong. You will never be successful as a trader unless you're excellent at admitting when you're wrong. That's a guarantee. You can lose 6 months (or more) worth of profit in ONE DAY if you are bad at admitting when you're wrong. All it takes is one bad trade - just ONE - to completely ruin your equity curve. To set you back months. (Or even just to set you back 3 days - which is itself an unnecessary tragedy.) + +Just use a stop loss. + +Because here's the thing. + +If you really have found an excellent trade, and the trade doesn't immediately go your way - the chances are pretty good that you'll get another trigger. Another reasonable, useful entry. The chances are pretty good that you'll see another consolidation period, or another definitive break, or another rejection of the previous level. + +You must be willing to say to yourself "ahh, ok... my timing wasn't perfect. And that's ok. Perhaps if I keep watching, my timing will end up catching the real move." You have to be okay with taking that chance, and you have to be okay with missing it if you don't get that extra opportunity. If you go long above a tight consolidation area and the trade immediately reverses below that consolidation area - you were wrong. There's no other way to say it. The trade did not work the way you expected it to, and there's no reason to act like it did. Remember, this is not a reflection on YOU or your skills necessarily. Maybe it was a fakeout. Or, more commonly, it's just the chance you take with trading - sometimes the trade doesn't work, and you must be okay with that. You must be. + +I know a guy who trades large sums of money. A guy I talk to and trade with all the time. He has a habit (in my opinion a bad one) of getting in on the "front side" of a trade. Anticipating what the market will do next. Now, he's a sophisticated trader - so he can get away with this. He has a good feel for the market. He's professional. + +But that does not mean he is perfect. I have an example to share. + +This gentleman once took a trade on a big gap day with tons of obvious momentum. The setup was about as high quality as you can hope to find. Everything seemed to be lining up. So he got in on the front side of a trade - waiting for the pullback and continuation. And then it pulled back further. And further. And he kept adding. He added and added, WAY beyond the point of what would have been a reasonable stop loss. Like, egregiously far beyond what would have been a useful stop loss. + +He added and added, and refused to be wrong. Refused to get out and wait for a new trigger. Just demanded that the market give him what he wanted. + +At some point in all this, you'd think he'd say to himself "ok, I was definitely wrong - the setup was NOT perfect. The momentum is clearly gone." But no - he kept lying to himself, saying the momentum was still building for continuation. Kept saying to himself "the buyers are just waiting for the right moment." + +Watching a professional trader succumb to such overwhelming ego problems and rule violations is painful. It was hard to watch. It made me cringe. + +By the end of this adding spree, this ego fest, he ended up $90,000 in the red. Ninety thousand dollars. Months worth of gains. On a DAY trade. Not a swing trade. + +He held and hoped and beat himself up... and by the time the trade finally began going his way (by pure luck), he was too exhausted to hold anymore. He locked in $10,000 profit and walked away for the day. + +Let me shorten that story: I know a guy who risked $90,000 to make $10,000. And he was miserable the entire time. + +I can tell you right now, you are not going to be successful in trading with those kinds of odds. You will lose your life savings with those kinds of odds. And you will die from stress. + +Now what would have happened if the trade had gone even further against him? And it hadn't ended up giving him his money back? He easily could have lost $120,000 on this one trade. A DAY trade. Something that should have only taken ten minutes. + +On the other hand, what would have happened if he had accepted the loss at, say, $40,000? Well, chances are he would have gotten a decent trigger on the reversal. And if he had taken that... who knows. Maybe he'd have made 20, 40, 60 thousand dollars as the trade finally worked. Think about that - he could have still had an excellent trade no matter how late he got out. All he had to do was get the hell out. + +So what does this mean for us? It means that, if you trade this way, you are statistically guaranteed to fail. + +He got lucky. Very lucky indeed. (Or perhaps he got unlucky - because his horrendous failure to control his own ego actually ended up getting rewarded and reinforced. That may end up harming him more than helping him.) + +Let me put it this way: if you are in the habit of "averaging down" on day trades, there's going to come a time when you get burned very, very badly. It's not a question of if... it's a question of when, and how badly. And of how badly it's going to destroy you emotionally and financially. Even if you have 27 winners in a row using this tactic, and listening to your ego, eventually the market is going to humble you. Eventually it's going to take your averaged-in money and run the other direction. It's a mathematical certainty. + +And I guess my point is, it's simply not worth the risk. No amount of gains, or of ego reward, is worth emotional and financial ruin. No trade is worth violating cardinal rules. No trade is worth giving away months and months of gains for. There is no trade that is good enough for that risk. + +**Stop Losses** + +Just use them. + +Stop losses, to me, are an answer to the question "where am I no longer likely to be right?" Or "at what price are the odds no longer in my favor, because the momentum that I thought was present is clearly not present?" + +Sometimes the market will fake you out. Sometimes the market will be manipulated against you. Sometimes your stop will get tagged by pure bad luck and the trade will immediately work. And these are hard to accept, but... if you're a good trader, you're going to succeed even with these unfortunate things happening. (Hint: something I do that helps is I set my stop losses a few cents across obvious stop loss points. I calculate this as part of the actual risk on my trade. And this INCLUDES breakeven stops at my entry point. Trust me - the market makers know where people jumped into breakout trades, and they will bring the price *precisely* back to that point very often as a way to tag people out.) + +I know that some folks prefer mental stops. If you're disciplined enough to use them, and stick to them, more power to you. You know, some people like to wait for a 5 minute candle to close over their stop loss or what have you. And if that works for you, great. + +But you MUST have an "oh shit" stop loss on every trade. You must have a hard stop that you absolutely will not violate under any circumstances. High of day, low of day, 10%, 300 dollars, whatever it is. And if you're going to walk away from the market, you better make damn sure that thing is set. In the time it takes you to walk away and take a piss, the market could tank 7% and you could be left holding a bag that didn't even exist 60 seconds ago. Don't let that happen to you. Don't let the market make you say "oh shit." + +This post has been a whole lot of my opinion. I am by no means the keeper of trading wisdom. There's plenty of room for discussion here, and maybe there are places where I'm wrong or unjustly critical. But I hope the direct, practical nature of this post will help somebody take more firm control of their trading. These ideas have certainly helped me. + +**TL;DR:** Use stop losses. Don't demand big wins, because you don't get to choose when they come. Control your ego. Don't add to winners if the thesis of the trade is broken. +I don’t know about you guys, but watching a pro-Trump mob storm the Capitol in an attempt to overturn the electoral votes made me exceptionally worried about the future of the government system in the US, and along with that, our current economic system which is anchored by the US. + +For the Americans, how is everyone here setting up their portfolio to adjust for any potential future crazy black swan events? +Hopefully this isn't something I'll have to deal with for awhile (30ish years), but do you factor this into your FIRE numbers? Or is it just something too variable that you'll just use to add a lifestyle bump or pass on after the fact? + +My family is pretty financially responsible, so I am certain that they will retire in excess + +Obviously I don't like to think about this, but if there was a way to estimate it... it may change my opinion on how hard I grind in my peak earning years +...a car, a full set of clean clothes, pay for their rehab if they need it, and give them a monthly stipend of $1500 for other expenses for the next five years. (And pay for their property taxes during that time.) + +Book it: If I don't provide proof within a year of MOASS, y'all can disown me. + +Edit: The whole point here is to get someone in need back on their feet. I'll do whatever it takes (within reason) to make that happen. "Random" in the title was a poorly chosen word, I admit. +Part of the logic of the wheel strategy is that if you get assigned the underlying, you can lower your adjusted cost basis by selling CC's and rolling out/up until you can sell for a profit. + +Further, if you have the cash collateral to secure a put on 100 shares of the underlying, then you have the cash necessary to buy 100 of those shares outright. (Assuming CSP strike price > current MV) + +So, why not just buy 100 shares outright and sell covered calls straight away? + +Are there lower premiums for CC's than CSP's? + +&#x200B; + +Thanks All. +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. +I'm still fairly new to options, honestly the math and statistics aspects appeal to me. + +I've been reading a lot, but I am missing some of the why things work the way that they do. My current puzzle I am trying to solve has to do with risk/return ratios when selling CSP's. + +This is not a position I currently hold, just a convenient example from some of my researching things to do tomorrow. + +Let's say I sell a PENN $50 PUT for 12/17 and collect $1.30 in premium. I'm tying up $5000 in buying power for 1 week earning $130 in premium. If they expire OTM I'm earning 2.6% for carrying the risk for a week. + +If I sell the same strike for 1/14/22 I've tied up the same amount of buying power for 5 weeks. That trade last sold for 3.10. The total earned is higher however the return percentage across 5 weeks becomes 1.24% a week. I've tied up the buying power for longer, carried the risk for longer yet the rate of return is significantly lower. + +I've played this out with everything I am currently watching, and it's been similar. If I'm trying not to get assigned selling puts, I feel like there is less of a chance of a significant swing over 7 days vs 35. I'll have more churn trying to manage positions weekly vs monthly, but I can adjust weekly as well. + +Am I just looking at specific stocks that exhibit this behavior (meaning I've screened for some scenario that is priced in that I am not aware of) or is this just the way it is? + +I'm curious if this is why so many people here say they sell 30-45 day options and close them when they hit a certain point and I just haven't calculated out the benefits to that strategy since it's not as concrete. + +\*EDIT\* + + +Thank you all for the responses! I get it now, the increased return rate growth as the option duration grows shorter is an exponential function of time, so it's apparently a curve if I was to plot it out. + +I'm a software designer and a math geek. Wanting to understand the 'algorithm' behind options pricing is like an itch I'm trying to scratch. The little voice in the back of my head is telling me if I don't "understand" the math involved I'm doing little more than gambling. I feel like somewhere there is an equation that takes in all the variables and the more I understand the problem the more likely I am to trade intelligently. + +&#x200B; +I know this carries the small risk of being exercised. However, it seems like you should sell ATM puts if you are wanting to do best with extrinsic value. If your going to roll down/out until you win anyways then why not? + +BTW. I've made 90% of my profit on OTM CSPs or OTM CCs this year. Seems like I would have done better with ATM puts than anything using this logic. I do these on low dollar stocks that have decent liquidity. +I am in a margin account and selling puts on what I believe to be strong companies, however, I am only using 25-30% of my total buying power to sell puts. I am following a few blogs and in particular was one guy who constantly pushed 60-70% buying power, and he noted putting on a hedge for SPY buying buying Oct 16 $300 strike put using 5% of his total account. + +I am thinking if I do that same, I may never get that money back from the hedge given I am using less than half of my buying power than he is. + +Does anyone else use hedges like this? Do you think I even need to hedge if only using 30% buying power in a margin account? +Hey Guys,in the past few days i created a prediction tool for crypto currencies. It uses an Convnet with RSI / MFI values. + +It's predction accuracy is 61% + +[https://ai.siliconforest.de/](https://ai.siliconforest.de/) \[UPDATED 28.03.19\] + +Bright bars mean, that the average price in the following 8 hours is expected to be higher than the price of the last 8 hours. It is just an experiment, but live on the internet. + +You can try it for Free. + +I hope you enjoy what you see. If you have questions feel free to aks. + +Jonas + +&#x200B; + +Edit 27.03.19: Currently the market trend is downwards, this means signals are low and we've to wait. Additionally i'm working on the backend to improve the prediction accuracy. Stay tuned. + +Edit 28.03.19: After a long night of training and edits on the network architecture we gained a few percent accuracy and eleminated a few errors. Join me and evaluate the new model. It's now an incredible 4 Layer CNN, totally uncommon, but it had god results in detecting bad blood vessels. + +Edit 29.03.2019: After introducing an offset of 0.2 percent for the increased future value, the accuracy dropped from 72% to 61%. Help wanted! + +&#x200B; + +[This is how an input sample looks](https://i.redd.it/ewfkuic74no21.jpg) +Hello folks. I am writing a python code to spot abritrage opportunities in crypto exchanges. So, given the pairs BTC/USD, ETH/BTC, ETH/USD in one exchange, I want to buy BTC for USD, then ETH for BTC, and then sell ETH for USD when some conditions are met (i.e. profit is positive after fees). + +I am trying to shorten the time between getting data of the orderbooks and calculate the PnL of the arbitrage. Right now, I am just sending three async API requests of the orderbook and then I compute efficiently the PnL. I want to be faster. + +I was thinking to write a separate script that connects to a websocket server and a database that is used to store the orderbook data. Then I would use my arbitrage script to connect to the database and analyze the most recent data. Do you think this would be a good way to go? Would you use a database or what else? If you would use a database, which one would you recommend? + +The point is that I need to compute three average buy/sell prices from the orderbooks, trying to be as fast as possible, since the orderbook changes very frequently. If I submit three async API requests of the orderbook, I still think there is some room for latency. That's why I was thinking to run a separate script, but I am wondering whether storing/reading data in a database would take more time than just getting data from API requests. What is your opinion on this? + +**I know that the profits may be low and the risk is high due to latency - I don't care. I am considering it as a project to work on to learn as much stuff as possible** + +&#x200B; + +**EDIT - For all of those who keep downvoting my comments: I don't care. Just deal with the fact that not everyone wants to become rich. The fact that this post has such useful and complete answers (right at the point) means that the question here is well-posed.** +I have been invested in crypto for about 2 years but have never thought about trading it, should I do it? if I should can anyone direct me in the way of maybe some scripts or api to trade through coinbase, I have some knowledge in coding and some in crypto but I feel like I could make more or try to make more then just sitting on my money +could you please explain to me which statistical techniques have signal processing in common with algo trading? + +I'd like to read a few topics. Can you tell me the names of the topics to search on google? + + I thought of this thing thinking about Reinasence hedge fund that does 5% per year no matter what recession or not +So I currently trade stocks, manually, using RobinHood. I mostly just pick stocks that are going up and sell as they peak or I've made a decent percent profit. I was making money until the news announced the China-US tariffs at which point my stocks took a big hit. + +As a result of market volatility I became interested in automating trading strategies as a way to limit losses/minimize bad decisions because of emotional lows. + +I just was wanting some advice and book recommendations for someone who is wanting to start a a low mantainance automated trading system in a few weeks. Should I expect to build my own code or are there basic trading code that are open source that I can tinker with? Do you need a desktop computer to be running all the time for the auto trading strategy to work? + +Tl;dr: Just a noob to the algo trading world looking for some advice and guidance getting into algo trading. +[https://www.cnbc.com/2021/01/04/haven-the-amazon-berkshire-jpmorgan-venture-to-disrupt-healthcare-is-disbanding-after-3-years.html](https://www.cnbc.com/2021/01/04/haven-the-amazon-berkshire-jpmorgan-venture-to-disrupt-healthcare-is-disbanding-after-3-years.html) + +how'd that go? + +This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. +The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. +In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information +that has not been made public. So for example if there are drug trial results that are bad and not public, +insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good +track record at timing their purchases. All trades that are marked as part of a 10b5 plan are excluded from this report. + +## Largest Insider Buying (Last 7 Days) +Company|Count|Shares Changed|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[SGB / Southwest Georgia Financial Corp.](https://fintel.io/n/us/sgb)|11|1,940|| +[FTAI / Fortress Transportation and Infrastructure Investors LLC](https://fintel.io/n/us/ftai)|2|2,353,400|8|19,998,967 +[CUK / Carnival Plc](https://fintel.io/n/us/cuk)|1|1,250,000|8|10,000,000 +[CCL / Carnival Corp.](https://fintel.io/n/us/ccl)|1|1,250,000|8|10,000,000 +[NGM / NGM BIOPHARMACEUTICALS INC](https://fintel.io/n/us/ngm)|12|612,660|13|8,577,493 +[HDS / Hd Supply Inc.](https://fintel.io/n/us/hds)|2|137,584|26|3,552,284 +[EQIX / Equinix, Inc.](https://fintel.io/n/us/eqix)|1|5,000|632|3,161,100 +[NXRT / NexPoint Residential Trust, Inc.](https://fintel.io/n/us/nxrt)|1|94,500|22|2,061,045 +[MGM / MGM Resorts International](https://fintel.io/n/us/mgm)|1|195,000|10|2,027,025 +[NCMI / National CineMedia, Inc.](https://fintel.io/n/us/ncmi)|2|715,025|3|1,868,820 +[CDLX / Cardlytics, Inc.](https://fintel.io/n/us/cdlx)|1|47,700|31|1,474,078 +[OPK / Opko Health, Inc.](https://fintel.io/n/us/opk)|22|950,000|1|1,149,761 +[SAIC / Science Applications International Corp.](https://fintel.io/n/us/saic)|2|14,300|71|1,011,769 +[NHS / Neuberger Berman High Yield Strategies Fund](https://fintel.io/n/us/nhs)|2|68,960|8|582,739 +[FPH / Five Point Holdings, LLC](https://fintel.io/n/us/fph)|11|113,491|5|541,583 +[FEIM / Frequency Electronics, Inc.](https://fintel.io/n/us/feim)|5|52,699|9|470,372 +[PLCE / Children&#x27;s Place, Inc. (The)](https://fintel.io/n/us/plce)|2|28,300|16|449,570 +[NLTX / Neoleukin Therapeutics, Inc.](https://fintel.io/n/us/nltx)|2|39,300|12|446,958 +[LQDA / Liquidia Technologies Inc](https://fintel.io/n/us/lqda)|3|86,473|5|439,247 +[PPR / Voya Prime Rate Trust](https://fintel.io/n/us/ppr)|2|96,447|4|352,014 +[SSSS / Sutter Rock Capital Corp.](https://fintel.io/n/us/ssss)|1|50,000|6|288,500 +[KSS / Kohl&#x27;s Corp.](https://fintel.io/n/us/kss)|1|17,938|11|200,009 +[APA / Apache Corp.](https://fintel.io/n/us/apa)|1|32,942|6|187,572 +[GIII / G-III Apparel Group, Ltd.](https://fintel.io/n/us/giii)|2|30,749|6|172,970 +[PCYO / Pure Cycle Corp.](https://fintel.io/n/us/pcyo)|1|20,000|8|168,800 +[NREF / NexPoint Real Estate Finance, Inc.](https://fintel.io/n/us/nref)|2|19,413|9|165,988 +[HIBB / Hibbett Sports, Inc.](https://fintel.io/n/us/hibb)|5|15,756|10|150,954 +[EDI / Stone Harbor Emerging Markets Total Income Fund](https://fintel.io/n/us/edi)|1|19,239|6|114,280 +[RECN / Resources Connection, Inc.](https://fintel.io/n/us/recn)|1|10,000|10|100,400 +[TFFP / TFF Pharmaceuticals, Inc.](https://fintel.io/n/us/tffp)|3|23,500|4|94,873 +[MACK / Merrimack Pharmaceuticals, Inc.](https://fintel.io/n/us/mack)|6|33,585|3|92,014 +[CNBKA / Century Bancorp, Inc.](https://fintel.io/n/us/cnbka)|4|1,505|80|87,328 +[NKE / Nike, Inc.](https://fintel.io/n/us/nke)|1|1,000|79|78,610 +[BRBS / Blue Ridge Bankshares, Inc.](https://fintel.io/n/us/brbs)|1|4,877|16|77,803 +[AC / Associated Capital Group, Inc.](https://fintel.io/n/us/ac)|1|2,663|26|69,371 +[ARR / ARMOUR Residential REIT, Inc.](https://fintel.io/n/us/arr)|1|10,000|7|69,000 +[GEOS / Geospace Technologies Corp](https://fintel.io/n/us/geos)|1|10,000|7|65,500 +[WGO / Winnebago Industries, Inc.](https://fintel.io/n/us/wgo)|1|2,000|28|55,960 +[UBA / Urstadt Biddle Properties, Inc.](https://fintel.io/n/us/uba)|1|5,000|11|55,525 +[ADC / Agree Realty Corp.](https://fintel.io/n/us/adc)|3|950|57|54,141 + +## Largest Insider Selling (Last 7 Days) +Company|Count|Shares Change|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[NVG / Nuveen Dividend Advantage Municipal Income Fund](https://fintel.io/n/us/nvg)|1|-1,935|100,000|-193,500,000 +[DAL / Delta Air Lines, Inc.](https://fintel.io/n/us/dal)|3|-5,238,438|24|-122,577,391 +[LULU / lululemon athletica inc.](https://fintel.io/n/us/lulu)|7|-258,592|192|-49,999,880 +[LUV / Southwest Airlines Co.](https://fintel.io/n/us/luv)|2|-1,231,482|32|-39,184,905 +[LLY / Eli Lilly &amp; Co.](https://fintel.io/n/us/lly)|6|-208,723|142|-29,479,468 +[AAPL / Apple, Inc.](https://fintel.io/n/us/aapl)|8|-41,062|242|-9,914,186 +[CACC / Credit Acceptance Corp.](https://fintel.io/n/us/cacc)|4|-35,170|247|-8,734,669 +[VMW / VMWare, Inc.](https://fintel.io/n/us/vmw)|5|-44,109|115|-5,097,858 +[SBI / Western Asset Intermediate Muni Fund, Inc.](https://fintel.io/n/us/sbi)|1|-200|25,000|-5,000,000 +[CRNX / Crinetics Pharmaceuticals, Inc.](https://fintel.io/n/us/crnx)|4|-306,115|14|-4,226,833 +[GGO / The Gabelli Go Anywhere Trust](https://fintel.io/n/us/ggo)|1|-100,000|39|-3,935,000 +[HRL / Hormel Foods Corp.](https://fintel.io/n/us/hrl)|4|-66,362|48|-3,217,596 +[GTY / Getty Realty Corp.](https://fintel.io/n/us/gty)|3|-155,858|20|-3,069,948 +[EQIX / Equinix, Inc.](https://fintel.io/n/us/eqix)|1|-5,000|612|-3,061,950 +[FDS / FactSet Research Systems, Inc.](https://fintel.io/n/us/fds)|2|-6,708|261|-1,763,081 +[GIS / General Mills, Inc.](https://fintel.io/n/us/gis)|2|-25,977|56|-1,445,187 +[NEOG / Neogen Corp.](https://fintel.io/n/us/neog)|2|-20,000|63|-1,263,200 +[MDB / MongoDB Inc](https://fintel.io/n/us/mdb)|8|-10,370|121|-1,247,952 +[ZTS / Zoetis Inc.](https://fintel.io/n/us/zts)|2|-6,678|125|-856,350 +[POWI / Power Integrations, Inc.](https://fintel.io/n/us/powi)|10|-10,004|81|-819,748 +[NG / NovaGold Resources Inc.](https://fintel.io/n/us/ng)|1|-69,645|8|-589,197 +[AEO / American Eagle Outfitters, Inc.](https://fintel.io/n/us/aeo)|1|-70,000|7|-480,900 +[AVLR / AVALARA INC](https://fintel.io/n/us/avlr)|2|-7,228|64|-465,772 +[ALRM / Alarm.com Holdings, Inc.](https://fintel.io/n/us/alrm)|5|-9,830|37|-364,890 +[HTH / Hilltop Holdings, Inc.](https://fintel.io/n/us/hth)|1|-20,000|15|-291,800 +[ACIA / Acacia Communications, Inc.](https://fintel.io/n/us/acia)|2|-3,523|66|-233,756 +[PURE / PURE Bioscience](https://fintel.io/n/us/pure)|1|-748,880|0|-217,175 +[GILD / Gilead Sciences, Inc.](https://fintel.io/n/us/gild)|1|-2,413|80|-191,882 +[CRWD / CrowdStrike Holdings, Inc. Class A](https://fintel.io/n/us/crwd)|1|-3,000|58|-174,000 +[SENS / Senseonics Holdings, Inc.](https://fintel.io/n/us/sens)|3|-291,327|1|-164,307 +[SMTC / Semtech Corp.](https://fintel.io/n/us/smtc)|1|-3,158|42|-133,451 +[GOOG / Alphabet Inc. Class C](https://fintel.io/n/us/goog)|13|-106|1,150|-118,800 +[NLTX / Neoleukin Therapeutics, Inc.](https://fintel.io/n/us/nltx)|2|-9,834|12|-111,214 +[BR / Broadridge Financial Solutions, Inc.](https://fintel.io/n/us/br)|1|-1,089|97|-105,751 +[SO / Southern Co. (The)](https://fintel.io/n/us/so)|1|-2,000|52|-103,180 +[W / Wayfair, Inc.](https://fintel.io/n/us/w)|2|-1,553|48|-74,899 +[MYOK / MyoKardia, Inc.](https://fintel.io/n/us/myok)|1|-1,305|47|-61,322 +[DMD / Demand Media Inc.](https://fintel.io/n/us/dmd)|2|-33,899|2|-50,978 +[NTRA / Natera, Inc.](https://fintel.io/n/us/ntra)|1|-1,564|28|-43,009 +[SHSP / SharpSpring, Inc.](https://fintel.io/n/us/shsp)|1|-6,000|6|-33,484 + +*Count* column is number of transactions. + +Source: [Fintel.io/insiders](https://fintel.io/insiders) +I'm an L6 level engineering manager at big tech in Socal making around 350-400K / year. 40 years old, single, no kids, $1M in public stocks with no unrealized gains. My goal is to get to $5M. + +The logical path is to keep grinding at big tech, chase the next promo, and continue saving but it's mind-numbingly boring (I've experimented with different roles, worked as a Sr. PM, worked in different cities and products etc.). I've lost all my interest working for someone else. + +As a former full-stack developer with product/engineering management experience in big tech, my strength would be building and launching products quickly as a sole-developer. My plan is to double down on that, quit my job in the following months, move to somewhere cheap like Portugal, and launch simple products rapidly ("Portfolio of Small Bets") and try getting traction. I don't want to go through the typical startup path where I raise capital and build a team. 3-4% SWR on my $1M savings will give me a considerable runway in places like Portugal. + +Has anyone done something similar and got to fatFire from leanFire via this path? Any recommendations? +As an Australian I can confirm everything is upside down. Worst case scenario a recession hits the USA. Markets hit an all time low. Just invest in Australia. Everything is upside down so the markets will boom rather than crash. How has nobody thought of this. It's literally free money +Stayed at a motel this weekend in a very rural area. Old school place, old school owners. It had good, long term reviews. + +The front desk/ owner wrote my credit card number on a piece of paper in case they need to charge it for any damages/additional charges after my stay. I asked if they shred the paper, and they said “Yes don’t worry.” + +I had to check out the next day before they open, so I wasn’t able to check if they shredded it or not. + +I have since locked my credit card, and am thinking of possibly getting a replacement. + +Am I being too paranoid about this? +For the first day in about 6 years, I don't owe any money to a financial institution! + +I'll try an burn through the details as fast as I can. + +In 2014, I was doing really well at work, had a nice relationship, renting a cool apartment near the city and had a sports car. Life was great. + +Then, certain things happened, which lead to the relationship breaking down, work dried up, and everything I "owned" I was paying off. + +The relationship breakdown and loss of work caused some stress, which lead to eating garbage and spending money on stupid shit. + +By the end of the year, I had four credit cards and a personal loan pushing $90,000 combined, with no way to pay for it, each ranging between 16% to 21% interest rates. + +Rock bottom came when I lost my rental apartment (wasn't evicted, lease just didn't get renewed). + +I had no money to get another place. + +I had to do the ultimate in adult failures, and move back in with my parents not because of choice. + +Upon learning about the stupid situation I found myself in, they stepped in. They loaned be $20,000 to knock out the biggest credit card, but I had to handle the other three and the personal loan by myself. They were just most concerned for my welfare, and could wait until the banks were beaten before I paid them back. + +I started with the smallest debt, and worked my way up, slowly chipping away at this valueless Everest I had created by my own stupidity. It's been a constant battle with the banks, who were only too happy to give me endless credit cards, but when I needed help, refused to help me refinance due to "serviceability" issues. Bullshit. I was servicing five loads of interest and fees - I never missed a payment or a due date - they just didn't want to miss out on that sweet sweet double dipping. + +Anyway. + +It's been about two and a half years back at home, and I'm happy to report, that I have made the last final chunk payment to the bank to clear the personal loan. All but one credit card has been closed. It has a very low credit limit, so I can't get into so much damage that I can't pay it off in two payslips. + +I still have yet to pay back my parents, but I'm going to talk to them this week about how to go about starting. + +I have been thinking about this day for many years, and it's finally here. + +##### Now what do I do? ##### +- Start saving to pay back the parents? +- Start saving for a house, and try to scrape together a deposit before the housing market regains too much (and pay my parents back out of some capital gains?) +- Dump everything into shares from now on to try to make up for lost time? + +### Also, should I keep the credit card open? But like hide it in a drawer? Or close it and remove all temptation? Is keeping it open and not used better for my credit than not having it at all? + +Thanks for your time! + +TL/DR: Idiot spent a lot of money with credit cards they couldn't pay back, hit rock bottom, moved back into his parents place, scrimped for a few years, just crawled out of the hole today. +I may just be an idiot but noone has ever clarified for me but. When people say "I make 80k" do they mean 80k+ super or including super? Cause there's a 10% difference if you're using different terms +Hello, first post here. + +Say I think the market is going to drop over the next 4 months. How would you gamble your money to best profit from that? Is there a specific company you would short because they stand to drop the most and the premium on the short is the lowest? + +Any advice is really appreciated. + +EDIT: A big thank you to this community for taking the time to educate me. I think by putting crash in the title, I triggered a lot of people. Saying "short" instead of "puts" also seemed to trigger a lot of people. + +I am sorry to waste your time, I think if I wrote it like this it would have gone over better. + +"**Just theoretically**, if you were a long term bull investor, but one day you thought there was going to be an event that would cause the market to pull back 20%, and you thought it might happen in the next 5 months. How would you invest that money, so you are risking the least, but stand to make the most from it?" + +The conclusion from the comments, suggest puts on inverse ETFs, but because the period of time is 5 months, then just buy the inverse ETF. But in the end you are stupid for even considering this. + +Thanks r/stocks you are a great +So I am a fully blind person who uses a screen reader and every bitcoin wallet I have downloaded (Bitcoin QT, Multibit, Armory) are inaccessible to my screenreader. + + +This is making me very annoyed as I am a bitcoin supporter and I have acquired my own bitcoin I just cant god damn use them with out getting help from someone else. +Multibit +Is a java based wallet and as such, could have easily been made accessible if the Java accessibility JDk were included from the start. If we want bitcoin to truly be successful, this has to be dealt with. Any ideas outhere + in the readit ethos?? + +Oh and by the way, when I signed up for readit, I had to fill in a visual captia (which I had to get someone to help me) and as if that was not enough, for posting in this readit forum, I have to get someone to help me fill in another visual captia before I submit. I was going to donate some bitcoin to this forum, but obviously that is a little bit hard when I cannot even really access my bitcoins from my wallet. Kind of makes me not wan to donate now. + +Does anybody know of a wallet that would be accessible to screenreaders? + + yIf there is not one, does any one know a developer that would take some time to build or develop one? I am sure it would not be all that hard if lets say an open source, java based wallet were redeveloped to include the accessibility JDK/API. + +Thanks ' + +Okay I am going to append a couple of comments to this if I can figure it out: + +first thanks for the amazing response! + + +Second, although I have been creeping the Readit Bitcoin forums for a while, I have never actually posted or interacted and have only been a member for a couple of days so I am a bit clueless as to how to engage the forum and I think I actually posted this same post (above) a fewe times by accident (sorry). + +So in response to to some of the comments in general, I am a marginally technically capable blind screen reader user, and as such do not mind spending the time to learn anyway that will help me access the bitcoin technology. That being said, part of the reasoning behind making wallets accessible is so that people who are not technically inclined ( blind or not blind) will be able to more readily access Bitcoins and as such, adoption and uptake will be more fricktionless making the technology more appealing. accessibility for the blind and usability for the sighted are two sides of the same coin in that one compliments the other. + + +in term terms of the braille suggestions, I am interested, however I only started learning braille recently and I am only in grade one as I have been blind for only five years, so I have a ways to go in that regard. + + + + + + + + + + + + + +I work for the NHS in the A&E department of a general hospital. My take home pay is around £1,500 a month. My wife works part time in the same hospital as a medical secretary taking home around £1,100. + +We have a two year old son and my wife is expecting our second child due in November. We get by comfortably enough but there is very little disposable income, after paying all our bills, £100 a week on groceries and putting away £100 a month towards holidays. + +I just got my payslip this month and the contributions toward my pension has gone up to 7.1%, around £150. I would like a bit more money each month to prepare for the arrival of my second child and give myself some breathing room. + +Should I opt out of my pension for a while? Get a refund for the last couple of years? Or leave it as it is? Opinions would be appreciated. + +EDIT: Thank you everyone for your advice, after a conversation with my wife where we discussed our financial situation and this post, we decided to both retain our pensions. + +We went through our budget and managed to trim some money, saving about £150 extra a month. We both also called the student loan company to see if we paid more than we should have on our deductions, my wife was due a refund of £260 and I was due a refund of £350 so that has helped massively. + +Thank you all genuinely for your advice, I was probably going to cancel the scheme before this post so you all changed my mind. :) + + +One of my dad's first stock purchases was he bought $1000 worth of activision around 1985. + +These shares were brokered through L.F. Rothschild and we are trying to track them down. + +It seems that L.F. Rothschild went bankrupt in 1988 and was purchased and it is not very clear what happened to those who had accounts with L.F. Rothschild when trying to look on the internet. + +&#x200B; + +How would we be able to track these down? Would appreciate any insight, have already tried to use websites such as missingmoney.com +Imagine the scenario in which Netflix reached the point it could not grow anymore, and simply decided to return all earnings to shareholders in the form of a dividend. As a studious investor, you know that you could comfortably purchase a 10 year treasury and receive 2.95&#37; per year. + +Since the treasury is essentially risk free (in terms of getting your principal back as well as interest payments) then you would certainly expect to be able to earn more buying shares of NFLX. + +So in this hypothetical example, you expect to earn at minimum $29.50 a year for a $1,000 investment (2.95&#37; current 10 year treasury rate). At current prices of $390/share that means NFLX would need to have earnings per share of at least **$11.50**. + +At this rate a $1,000 investment in NFLX would give you 2.56 shares which if all earnings returned would be equal to $29.50 (2.56\*11.50). + +Thus the question I have is how the hell does Netflix grow its earnings to $11.50/share? That would be the minimum amount to justify a return equivalent to a 10 year treasury. Given the inherent risk, the current share price implies that Netflix should be able to achieve earnings that well surpass $11.50/share. + +Current EPS Projection for 2018 is $2.88, 2019 is $4.69, 2020 is $6.83, 2021 is $10.12. + +This same modeling technique can be applied to other tech stocks and result in the same conclusion. It literally feels that this is all momentum buying and the moment one of these companies misses an earnings forecast there will be a major momentum shift and these valuations will come crumbling down. + +Would anybody like to give a reasonable argument with real financials on why they feel the current price is justified without using generic qualitative statements like (everybody uses it, they have serious subscriber growth, they're the new cable etc...)? +We're getting married and buying a house next year so I'm just curious how others manage their finances as a couple. + +When we moved in together, I moved into his flat that he already owned and so he has always dealt with bills and mortgage etc. I just transfer a set amount each month for my half. + +We split all other shared costs via monzo as we make them. + +When we move, we're thinking of getting a joint monzo account and paying in a set amount each month to pay bills from. We currently split most things 50/50 but some things my partner pays for alone (e.g. costs related to car or flat as he owns both). I know some friends share costs as a % of income and my partner makes quite a lot more money than me, but I will be paying less of the house deposit so if I also pay less for the mortgage I feel like my share of the house will be really small and I want to feel like I'm contributing. + +Obviously any decisions are for us to make together, but I'm interested in ideas from others as to how you manage money as a couple and if there's anything else we should be thinking about - for example are there any benefits of sharing savings accounts or credit cards + + +---- + +Edit: thank you all for the responses - so insightful to see how differently everyone approaches this and for some honesty in some of the answers about what can be challenging. After reading through, I sort of changed my thoughts about 'feeling like I'm contributing' and then discussed 3 options with my fiancé today (completely shared, 50/50 or the proportion of income) and we agreed the best one for us is to pay a % of our income into a joint account to cover all shared expenses (which are the majority of our outgoings each month), then save a % (continue in separate savings accounts but to be used towards the house and wedding) and then have a % leftover each to spend on ourselves. So he will have more personal money but I think that's fair as he earns more than me but I have a job that I find rewarding when I could easily switch industry to earn more money, but I choose not to. We will review and probably switch to completely shared in a few years when we start a family. +Sharing this video of Krystal and Saagar giving an excellent criticism on this nonsense Bloomberg article that makes the argument that America SHOULD become a nation or renters. They also get into things like housing being the number one way to accumulate generational wealth, BlackRock buying up the housing market (apes know why) and potential homebuyers either giving up or being forced to be overly competitive and pay insane prices for houses “as is” that, in some cases are coated in piss and shit. + +Doesn’t matter what anyone’s political ideologies are, that’s unacceptable. We need more agency in this game. I’m lucky enough to have found a good, affordable house a few years ago but I’d be screwed trying to find one in the same area and same cost now. I hold for those apes who will use their diamond hands to plant that seed money for their first home that they absolutely fucking deserve. + + +Here’s this shitty Bloomberg article they criticize +https://www.bloomberg.com/opinion/articles/2021-06-17/america-should-become-a-nation-of-renters +(Paywall but I was able to open by using a different browser) + +Here’s the Breaking Points episode clip (full thing is about Housing) +https://youtu.be/OIXkeYYum6k + +Sorry if this breaks the no politics rule. I like that rule and will gladly take it down if so. It’s a political show but this clip isn’t about standard politics, just about how he middle class and poor are being squeezed out of the housing market. I just want to squeeze back. I just like the stonk. Not financial advice +🦍🚀🌖 +Good Morning Apes! + +Chinese Market took a small beating but not terrible and it looks like the DOW and S&P are bouncing back already in the pre. I think they will remain fairly choppy in the near term. They do look stable enough that we may see some action on GME today. + +Check out yesterday's forward looking post for more information about this weeks price action and today's T+69 movement. + +[https://www.reddit.com/r/Superstonk/comments/pw4yvz/jerkin\_it\_with\_gherkinit\_forward\_looking\_ta\_for/](https://www.reddit.com/r/Superstonk/comments/pw4yvz/jerkin_it_with_gherkinit_forward_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) + +[Exit DD](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) for those that want an idea of what to expect when this all goes down + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 185, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (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 + +So falling short about 9 million volume today means somebody has a shitload of FTDs that need delivered on now. We'll see how this affects price action of the coming days but I still expect a mostly flat week. Thank you all for tuning in, I'll see you tomorrow morning. + +\- Gherkinit + +https://preview.redd.it/teit6on6r3q71.png?width=771&format=png&auto=webp&s=40689a3a85285ffc02f36fc596575945e853d8f8 + +Edit 7 climbing back up some more after rejection at VWAP a cross here would be pretty bullish for the rest of the day + +https://preview.redd.it/yreoxjhz63q71.png?width=1529&format=png&auto=webp&s=81447885db0e5cf53643c761643089828ae48b28 + +Edit 6 1:23 + +Inverse H & S into a jump above the EMA 60 next test at VWAP then 190 + +https://preview.redd.it/uy99et2ey2q71.png?width=1522&format=png&auto=webp&s=a4f995d49dc665e8750460b385a9b3b9e53fc20e + +Edit 5 12:36 + +Coming back up to VWAP got slammed down on pretty low volume but we are still at 1.01m of the 10m needed today. + +https://preview.redd.it/glguotd7q2q71.png?width=1525&format=png&auto=webp&s=1d8c5f5e044195805902a4749964d0962e467b7e + +Edit 4 11:35 + +Finally consolidating from that uptrend holding above 190, volume at 877k + +https://preview.redd.it/jdpvb6e9f2q71.png?width=1519&format=png&auto=webp&s=4086faf63d49fa2a5debfdd3886439c47ed23eb8 + +Edit 3 10:36 + +Broke down from the 190 push again looks like we might have some support on the EMA 60 again + +https://preview.redd.it/2rbyk2gl42q71.png?width=1525&format=png&auto=webp&s=b8ff9d9a8a8bc8cdcb6b799e3fb5bdcd633f2bde + +Edit 2 10:17 + +Nice break to the upside from this descending wedge a crossover of VWAP would be good for another test of 190 + +https://preview.redd.it/muwzfx6512q71.png?width=1571&format=png&auto=webp&s=2aa595e86d843d8cbc723821caf108511e5459fd + +Edit 1 9:48 + +Double top near the 190 resistance, if we fail we could fall back to 185, if we bounce on the EMA60 we could see a 3rd test + +https://preview.redd.it/pqlgghn7w1q71.png?width=1583&format=png&auto=webp&s=8c959cc6302284c1ab37e96d3b1cce7ce5ebb3ee + +# Pre-Market Analysis + +So we are looking for either a lot of volume today or a lot of FTDs. Volume this morning at 15k so far doesn't look overly promising for a 10m volume day. IBKR with 10,000 shares and Fidelity with 1.37m . GME is up about .50 from Friday's close is a good sign into open as there is some room for us to fill up to 194. + +[GME Pre-Market 1m](https://preview.redd.it/a5uz1xvok1q71.png?width=1576&format=png&auto=webp&s=e76a23fe63423fa6543ba30d77780c0b25b3f11b) + +**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. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*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/) +I was waiting for some news this week to see if my job was going to be affected i.e. will we be furloughed or made redundant. We were given a sort of holding statement that it’ll be ok for another month then we’ll hear again. + +Not my kind of “will they, won’t they” suspense. +Trading while working sucks. All I can think about at work is coming back home to hop into the market to do what I actually enjoy doing but a lot of the time by the time I am home its either at close or near close. I occasionally end up screwing up my system/plan because of the psychological annoyance of not being able to participate in the market by feeling completely rushed, as I may not have another oppurtunity to participate the next day. + +Ive gotten to the point where I am just above consistently breaking even and I am consistently adding profits piece by piece to my account and am also currently working on a Prop account. What I have been spending the past year and a half on are paying off slowly but I feel like I am slowing my progression from my Job. I know patience is super important that I am probably battling my ego with this, telling my self I need to be at a certain level because its where I really want to be but consistently being unable to do what you actually enjoy and having the progression of trading consistently slowed down is aggrevating. + +Want to get other peoples opinions and suggestions on trading with a job. If you had one, how'd you manage trading with it? What do you recommend to people to do who are in the same boat + + +At least some people got pretty rich from AMC’s two-year stock roller coaster, but it wasn’t the company’s super loyal, buy-and-hold investors known as the "Apes." + +A Fox Business analysis shows that company insiders such as hedge funds, private equity firms, as well as board members, top executives and other big investors in the world’s largest movie theater chain sold a staggering $883.5 million in stock over the past two years at prices significantly higher than they are today. + +According to information from Dataroma, a website that tracks the portfolios of prominent investors and their real-time stock transactions, the most significant chunk of stock sales came from PE firm Silver Lake, hedge fund Mudrick Capital and Wanda America Entertainment, part of China-based conglomerate Wanda Group. Combined, they unloaded $782 million of stock. + +But company officials, such as CEO Adam Aron, AMC’s chief financial officer and human resources chief, sold $101.5 million in stock in a series of particularly well-timed and lucrative transactions. These sales occurred after AMC joined the so-called meme stock craze in early 2021, and an army of retail investors began snapping up shares, pushing prices to the moon. Data also shows those company insiders have bought no shares on the secondary market in the past two years. + +Shares of AMC have since declined precipitously amid continued operating losses and after management recently announced a new plan to sell stock and dilute investors. Critics of the company say the insider sales underscore how big investors and company executives profited mightily from the loyalty – and some say the lack of market sophistication – of AMC’s predominantly retail or small investor shareholder base. + +These shareholders, who call themselves the "Apes," began buying the stock based on tips and gossip spread on Reddit chat rooms and social media during the early days of the pandemic shutdowns. With the Fed keeping interest rates at near zero and printing money, stocks of speculative companies like AMC, computer-game retailer GameStop and retailer Bed Bath & Beyond began to soar and remained elevated for months after. + +The heavy Ape buying boosted shares and also allowed AMC to avoid bankruptcy following its own pandemic closures of theaters across the country. Management then used the elevated stock price to recapitalize and pay down some debt. + +The Dataroma analysis also shows that management may have used the buying frenzy to get rich. + +Case in point: AMC’s voluble CEO Adam Aron, who courted the Apes in social media posts and even private meetings, earned $43 million from his insider sales at prices well above the current single-digit value of AMC stock. Shares of AMC have fallen nearly 90% from their highs of a year ago. + +"Adam Aron, the AMC executives, and the board ran an enrichment scheme at the expense of individual investors who actually saved the company," said former hedge fund trader Marc Cohodes, a frequent critic of AMC management. + +The market losses have been particularly acute for retail holders and others who bailed on the stock only recently. In fact, given the recent declines, only those investors who snapped up shares before or around the beginning of the meme frenzy when the stock hovered at around $5 and below would still be in the green. Shares of AMC (considering a recent stock split with the creation of a new preferred stock) closed Wednesday at a combined $7.49. + +DILUTING RETAIL WHILE AVOIDING BANKRUPTCY + +Insiders selling their stock is not illegal, of course. In fact, it is quite common in corporate America, where executives often cite "estate planning" for the sales. Executive compensation plans include significant amounts of stock option awards to senior management to align their interests with the interests of shareholders. + +Securities regulators mandate disclosure of these insider sales to help alert the investing public of how management may view the company’s business prospects. During much of the period of insider selling, AMC’s financials improved somewhat, particularly after several blockbuster theatrical releases such as "Top Gun: Maverick," which broke box-office records earlier this year, generating $1.4 billion in worldwide ticket sales after 14 weeks. + +But AMC faced existential issues even before the shutdown. Headwinds include the rise of streaming, which continues to depress ticket sales, and a significant debt load used to finance past expansion. AMC continues to lose money, albeit at a slower clip, and its box office revenues remain below pre-pandemic levels. + +The tough operating environment recently forced one of its competitors, Cineworld, to file for Chapter 11 bankruptcy reorganization. Aron has said that AMC will avoid a similar fate based on past recapitalization plans and a more recent one where he created a new preferred stock, known as the "Ape," a homage to his loyal retail investor base. + +Surviving bankruptcy will come at a cost for retail holders, who comprise 90% of all AMC’s investors. The creation of the Ape is the equivalent of a stock split, and it sets the stage for the significant sale of stock and dilution of shares in the weeks to come. + +In SEC filings, and repeated in media reports, AMC has warned investors that its shares are over-valued based on standard metrics and to be prepared "to incur the risk of losing all or a substantial portion of your investment." Then, in late September, when AMC announced plans to sell as much as 425 million new Ape shares, Aron described the move as "good dilution" to help AMC avoid a fate similar to Cineworld. + +But his comments were widely criticized by analysts because such a term doesn’t exist, and dilution almost always leads to investor losses because it increases share counts even if it aids in a company’s survival. Because the Ape is a preferred stock and not common shares, the dilution doesn’t need shareholder approval, unlike prior attempts that investors voted down. + +"The situation retail investors find themselves in now is a reflection on management," Wedbush analyst Alicia Reese told FOX Business. "AMC is completely wiping out and diluting its investors who have continued to flee." + +INSIDERS CASHING OUT BIG TIME + +And that’s after the insiders began cashing out of the stock. Take Mudrick Capital. Before the meme stock craze began, the New York-based hedge fund sold $26.7 million of its AMC stake in December 2020. The stock price then ranged from $2.50 to $3.40. + +Then, in June, AMC disclosed in an SEC filing that it had entered into an agreement with Mudrick Capital, a large creditor and investor, to raise an additional $230.5 million. The company raised the money by selling 8.5 million shares of AMC stock at $27.12 per share. + +The stock rallied on the news. The same day the sale was announced, the stock hit an intraday high of $33.53, Mudrick sold its entire stake for an undisclosed profit. Based on that stock price, Mudrick could have netted more than $40 million in the trade. A Mudrick press official had no immediate comment. + +Silver Lake, which held a board seat, sold $534.8 million in AMC stock in the opening days of the meme mania, selling at prices ranging from $14 to $24 a share. A Silver Lake press official had no immediate comment. + +Wanda Entertainment, another board member, sold $220.7 million of its AMC stake between Feb. 1 and March 20 of 2021 at prices of between $13.98 and $14.60, according to Dataroma. Wanda press officials had no immediate comment. + +Several AMC corporate insiders appear to have timed their sales even better than the hedge fund traders, the Dataroma report indicates. For instance, on June 3, 2021, just one day after AMC touched its all-time intraday high of $72.62, directors Anthony Saich and Gary Locke each sold shares worth $600,000 and $1.7 million, at $58.50 and $49.82, respectively.  + +That same day, Daniel Ellis, the company’s senior vice president of global development; John McDonald, the executive vice president of U.S. operations; and HR chief Carla Chavarria sold $681,659, $1.71 million and $2.5 million worth of shares, respectively, at prices of $49.52, $56.59 and $62.67.  + +Later that year, in November, the company’s Chief Financial Officer Sean Goodman made $6.6 million by unloading his stock at $39.21 and $40.36 per share. So far this year, Goodman has sold $3.4 million of his stock holdings at prices ranging from $18 to $22.98 a share. + +Aron, 68, has been CEO since 2015. He sold just over $42 million of his AMC holdings in three chunks beginning in November 2021 through January 2022 at prices ranging from $22.84, $30.86 and $40.52 a share. + +Aron disclosed his planned sales on an earnings call in August 2021 and said he would use the proceeds for estate planning purposes. On an earnings call in January 2022, he said, "Those sales are now finished." + +SOURCE: [https://finance.yahoo.com/news/data-shows-amc-insiders-got-000915854.html](https://finance.yahoo.com/news/data-shows-amc-insiders-got-000915854.html) + +\----------------------------------------------------------------------------------------------------------------------------------------- + +**TL;DR: A new analysis shows that insiders at AMC sold $883.5 million in stock over the past two years, making a killing off the meme stock craze. Critics say this underscores how big investors and company executives profited mightily from the loyalty – and some say the lack of market sophistication – of AMC’s predominantly retail or small investor shareholder base.** +I had a small lunch the other day before I flew home, I left a $5 tip but when I checked my bank account later in the week it was far more than what I paid. I called the restaurant(outback statehouse) and they assured me I had given a $50 tip. I know for a fact I didn’t lol, she emailed me my recite with proof I had given $50 but I know the waiter must have added a extra 0. +After the manager was extremely rude she said she was gonna refund me that day I haven’t received anything. I have called a few times mostly the line is busy or apparently the phone drops when I ask about the refund. I can’t go back in person as I was on vacation. What do I do? Call my bank? +I've always avoided getting a credit card, simply because I'm uncomfortable with the idea of spending money that I don't have. Alas, certain car hire companies still refuse to let people use debit cards for payment though, so I'm looking into getting a credit card purely for that purpose. + +I'm very frugal, so there's essentially zero risk that I'd fail to pay off what I spend. I'd just look to put my regular weekly shop and small purchases on it, which tends to come to <£200 per month. With that in mind, is there any particular credit card which it would be more advantageous for me to get? Or for those of us who don't really want to spend much, is one much the same as the other? +&#x200B; + +https://preview.redd.it/tda05yey0p681.png?width=1167&format=png&auto=webp&s=5e0ea3f82a418f3c94aeac6c81a589c2973bebe9 + +[So good ol' Thomas Tuberville's got some puts and they're pretty extreme.](https://sec.report/Senate-Stock-Disclosures/Tuberville/Thomas+H/Trades) This man thinks that Microsoft will go down by \~35% and Apple will go down by \~40% (he thinks Ford and Adobe will be dipping too, but like 5% to 10%ish). But the market is doing just fine, guys, nothing to see here. + +Edit: Anybody know about other senators having similar puts? Might be significant if so +I've got 10% of my portfolio on F at the moment, with such a high dividend and an increasing sense that the stock has no reason to go much lower, what am I missing? Yes, I suppose is the market continues to slide, F could slide with it, but long term (years), as long as F is working hard to keep itself relevant in the self-driving age, I'm very tempted to double my position. + +edit: eagerly scooped my shares up pre-market (AH trades); I'm now 20% ford (avg $12.73/share); heaviest I've ever been on any position by a factor of two. I did my research, unless there are some big cockroaches hiding in the air filter, I think this will be fine. http://i.imgur.com/c4jt321.png +Hi, + +I’m currently an apprentice carpenter for the next 4 years wanting to become a home builder. Anyway my parents have accumulated debt on credit cards about 25k and one of those same day loans for another 20k, they also have to pay off the home loan at about 1,300 a month plus my parents work for themselves and never put away any money into superannuation. + +The problem: I make 30k a year and my dad can no longer work for his own business and his income will drop significantly, he is a tradesman and nearly 60 years old I don’t want him to work until he is dead because it’s too physically demanding for someone at that age especially after doing it all your life so how do I get them out of this debt hole because I want to save and move out but it’s tough to do this all. + +Anyone know what to do in this situation? I have been told to focus on saving for myself but that chit is just not an option I don’t want them to live this way a second longer. Also not keen on selling the family home off. + +Thanks +This is likely to be the most bullish catalyst in the first quarter of 2021!!! 🚀🚀🚀 + +Price of ETH seem to surge up $100 to $1540 immediately after the community call. + +(2021-2022 has multiple catalysts for Ethereum. It could be the 2 most important years ever.) + +Source: https://www.trustnodes.com/2021/02/26/55-of-miners-accept-eip-1559-says-miner + +Highlights: +- Miners generally seem to be accepting EIP-1559 a community call has revealed today where devs and miners discussed the matter. + +- Wang Chun of F2Pool re-iterated his support and in addition he said supporting ETC in 2016 was a mistake. They now full on ethereum backers. + +- Just one miner was against with no good argument for why except that hash might fall, to which another participant said miner’s reward in fiat has previously fallen by 90% and it didn’t affect security + +- As such, and considering it has full consensus among devs and ethereans, it appears highly likely this EIP will go through. +TLDR: Quoted at 6.7k for sinus related surgery, 5.5k for the "Theatre / Procedure". Is this normal? + +Got diagnosed with Silent Sinus Syndrome a while back, and have finally received the expected price tag for what my ENT refers to as "priority" surgery. Apparently, the bone under my eye risks collapsing if I don't get this done in the next few months, and I'll potentially go blind in one eye. + +The surgeon quotes me at 1.8k (with rebate), the anaesthetist at 1.2k, and the private hospital at 6.7k, 5.5k of which is for the "Theatre / Procedure". + +Public doesn't seem to be an option, as my ENT tells me the waiting list is over a year long, while my condition requires surgery quite soon. My private health also won't cover it, so I'm left with the self-funded option. + +Does anyone have experience with self-funded surgery and how much it costs? + +I'm not particularly well off, and I don't want to wait on the public system when I could potentially go blind, so I feel rather at wits end. + +Sorry if this is the wrong place to post this, I just wasn't sure where else I could ask. Thanks :) + +Edit: to clarify, the total cost of the procedure is a little less than 10K. It is only the hospital that costs 6.7k +I'm the 64 year old that got into much financial trouble due to my health and the health of my wife the last few years. I start a new job the first week in January. It's a turning point in our financial recovery. + +While RE seems out of reach, FI now seems doable, thanks to the personal advice many of you offered me. + +I wish you all the best in your years ahead. +EOS: $4.78 - ATH( $22.89) 4/28/2018 +XLM : $0.32 - ATH( $0.94 ) 1/3/2018 +Auger: $24.15 - ATH ($123.24) 1/10/2018 +BNT: $3.71- ATH ($23.73) 6/18/2017 +BCH: $570.24- ATH ($4,355.62) 12/19/2017 +Dash: $159.17- ATH ($1,642.22) 12/19/2017 +KNC: $1.64 - ATH ($6.00) 1/18/2018 +NMR: $37.63 - ATH ($168.49) 6/24/2017 +OMG: $4.61 - ATH ($28.35) 1/8/2018 +REPv2: $23.92 - ATH ($123.24) 1/10/2018 +XTZ: $3.08 - ATH ($12.19) 12/16/2017 +XRP: $0.83 - ATH ($3.84) 1/3/2018 + +These are just a couple I've pick off of coinbase that haven't hit their ATH yet in years I'm pretty sure we are not done yet for the bull market. Hopefully I can stack as much as I can before they hit because I missed out on at least 6 coins I sold that already went parabolic. +I'm starting my divorce papers and dont wan't to Split m'y whole wealth. OK for some but not everything. + +Since I have some of my wealth in bitcoin, I Guess no judge could take them from my ledger ans give them to her, right? +Dave Portnoy has had a tweet rant regarding Safemoon because he found out this morning he is being sued for shilling the shitcoin. + +&#x200B; + +[Portnoy's current Safemoon position](https://preview.redd.it/wwksau9i6ig91.png?width=883&format=png&auto=webp&s=62633316952270a5a4c7d20ec49f4d96b83ec7ef) + +As you can see, Portnoy has lost over $37k on Safemoon. Although he did shill the coin, he wasn't paid for it and hasn't exited. Does he deserve to be sued? It seems to me that he is just another victim, rather than a co-conspirator... + +&#x200B; + +[The official lawsuit papers](https://preview.redd.it/rtyfbm1v6ig91.png?width=891&format=png&auto=webp&s=8ff7d6420a144387820154a90c036c1baa572c05) + +Plus he seems to have warned people that there were evident risks with investing in Safemoon. + +&#x200B; + +Disclaimer: I don't really care about Portnoy, just feel like he doesn't deserve to be sued over this. +Guys, I'm a recent graduate, have an interview for an analyst position. It's very excel heavy, all I can do is some basic formulas and formatting. I'm looking for any advice/tips on what to study to impress them. +**I've said it once before 5 months ago, and I'll say it once again...** + +**These stupid fucks indirectly created the most DIAMOND HANDED generation of retail investors EVER.** **The future of the stock market is in for a rude awakening.** + +**LFG $GME 69 MILLION IS THE FLOOR 💎🙌** 🚀🚀🚀🚀🚀🚀🚀🚀 +I'm making a (in-browser WebGL) game where you can buy virtual properties on the ETH blockchain, build a house on them Sims-style and resale them for a, hopefully, higher price. Is this something which interests HODLers? + + +You will be able to buy properties, build houses on them or improve existing ones, add furniture, landscaping and vehicles if so desired, then (try to) resale at a higher value. Or you can just own virtual properties on the blockchain. + + +Of course for this kind of game a certain amount of centralization is still inevitable at this point, as with Cryptokitties et al. Storing whole house blueprints on the blockchain would currently cost a lot of gas for every transaction. + +https://i.imgur.com/tK1NyqJ.jpg + +https://i.imgur.com/5sldgH7.jpg + +A game like this wouldn't be complete without a lambo prop ;) + +https://i.imgur.com/J61i4jY.jpg + + +There could be two models: + +1) The property value acts like a stock (like an ICO perhaps, though this isn't one), where every property buy increases the overall price, and every sale decreases it. + +2) You can just set your own sale value (like CryptoKitties) and hope to sell higher than that you bought it after customizing the property. + + +What do you think? +Dont be like me. Dont fall for the hype of making a quick dollar off these coins and their promises of "mooonnn" bullshit. Ethereum is the truth and the future. I sold a shit of my ETH and dabbled into this hype only to get burned on pump and dumps everywhere. Man, fuck it, I'm rebuying at a loss and never selling out again. Im sorry ETH, please take me back. +I never really liked Twitter but have recently found a lot of value in it for getting info about crypto. That said, what are a few of your favorite accounts to follow? I've included some of the more helpful (or, uh, interesting) ones here: + + +**Trading** + +[@LunarFund](https://twitter.com/lunarfund) + +[@SecretsOfCrypto](https://twitter.com/SecretsOfCrypto) + +[@anambroid](https://twitter.com/anambroid) + +[@crypto_rand](https://twitter.com/crypto_rand) + +[@Crypto_Ed_NL](https://twitter.com/Crypto_Ed_NL) + + +**Funny** + +[@CryptoCobain](https://twitter.com/CryptoCobain) + +[@CryptoHustle](https://twitter.com/CryptoHustle) + +[@CointraderGuy](https://twitter.com/CointraderGuy) + +[@SatoshiLite](https://twitter.com/SatoshiLite) + + +**Trading / Funny** + +[@WolfOfPoloniex](https://twitter.com/WolfOfPoloniex) + +[@ActualAdviceBTC](https://twitter.com/ActualAdviceBTC) + +[@CryptoYoda1338](https://twitter.com/CryptoYoda1338) + +[@AngeloBTC](https://twitter.com/AngeloBTC) + +[@LegendOfCrypto](https://twitter.com/LegendOfCrypto) + +[@cryptomocho](https://twitter.com/cryptomocho) + +[@Tcorp_](https://twitter.com/Tcorp_) + +[@WhalePanda](https://twitter.com/WhalePanda) + + +**(Somewhat) Serious** + +[@evan_van_ness](https://twitter.com/evan_van_ness) + +[@koeppelmann](https://twitter.com/koeppelmann) + +[@VladZamfir](https://twitter.com/VladZamfir) + +[@ErikVoorhees](https://twitter.com/ErikVoorhees) + +[@MihaiAlisie](https://twitter.com/MihaiAlisie) + +[@NickSzabo4](https://twitter.com/NickSzabo4) + +[@jcp](https://twitter.com/jcp) + +[@gavofyork](https://twitter.com/gavofyork) + +[@Steven_McKie](https://twitter.com/Steven_McKie) + +[@jarradhope](https://twitter.com/jarradhope) + +[@ConsenSysAndrew](https://twitter.com/ConsenSysAndrew) + +[@CharlieShrem](https://twitter.com/CharlieShrem) + +* * * + +**Community Added** + +[@vitalikbuterin](https://twitter.com/vitalikbuterin) (who is this guy anyway?) + +[@jun_omise](https://twitter.com/jun_omise) + +[@EddieEtherBot](https://twitter.com/EddieEtherBot) + +[@Cryptographer33](https://twitter.com/Cryptographer33) + +[@CarterThomas](https://twitter.com/CarterThomas) + +[@prodjkc](https://twitter.com/prodjkc) + +[@bullishgentlemn](https://twitter.com/bullishgentlemn) + +[@jayden_crypto](https://twitter.com/jayden_crypto) + +[@bitcoin_schmidtcoin](https://twitter.com/bitcoin_schmidtcoin) + +[@MrYukonC](https://twitter.com/MrYukonC) + +[@ZeusZissou](https://twitter.com/ZeusZissou) + +[@harrajmann](https://twitter.com/harrajmann) + +[@FatihSK87](https://twitter.com/FatihSK87) + +[@cryptojones777](https://twitter.com/cryptojones777) + +[@collapzcursed](https://twitter.com/collapzcursed) + +[@pro_to_col](https://twitter.com/pro_to_col) + +[@NicTrades](https://twitter.com/NicTrades) + +[@EthereumNetw](https://twitter.com/EthereumNetw) + +[@etherealcapital](https://twitter.com/etherealcapital) + +[@fucktoken](https://twitter.com/fucktoken) +They may not take too many questions, but I want to see those lazy fuckers sweat when they realize hundreds of thousands of apes are watching them. + +https://www.sec.gov/news/upcoming-events/hot-topics-retail-investors + +As always, please be respectful when interacting with officials in a public forum. I know it will be tempting to ask the guy named "Dick Best" if he uses the same name on his pornhub account, but please refrain from doing so. + +Edit 1: Viewer count not visible, all attendees have been set to "listen only" and the chat has been disabled. However, the host said they have "a very large audience" tonight. Bullish! Lol. + +Edit 2: This lady from FINRA is very smug. In other news, water is wet, sky is blue. + +Edit 3: Lady from FINRA is talking about "buy and hold investors" specifically, and said that they are not as concerned with short-term price movements. Bullish again! + +Edit 4: Dick Best shared a poll asking whether people consider themselves "investors," "traders," or both. I don't understand the question. "Ape" is not an option; other kinds of primates also not represented in the poll. + +Edit 5: Lady from SEC is discussing PFOF while sitting in front of some gigantic abstract painting that was probably donated by a hedge fund for a tax write-off. + +Edit 6: Smug FINRA lady is back. Compared commission-free trading to kids buying shit irresponsibly with credit cards because they don't understand it's real money. Real nice, lady. + +Edit 7: Host from the university told FINRA lady "Wow, that was so helpful! Now let's change the subject." Do I detect a hint of sass? + +Edit 8: All 4 women in this presentation are wearing pearl necklaces. Is that a thing? + +Edit 9: Same host from university, Porco, told a different panelist "I'm an accounting professor so I love numbers. Would you mind giving us an EXAMPLE of what you're talking about?" Lol. Sass confirmed. She's really HAMming it up. + +Edit 10: SEC enforcement lady says they "vigorously enforce" false information shared on social media. Watch out Jim Cramer, abstract art lady from the SEC is coming for you /s. + +Edit 11: "Meme stock" counter: 1 + +Edit 12: Abstract art SEC lady interrupted the host to pat herself on the back for bringing enforcement action against elon musk for securities manipulation. Good job guys, I'm sure Kenny is shaking in his shorts. + +Edit 13: Smug FINRA lady literally has not stopped smirking for the entire 45 minute presentation so far. Impressive. + +Edit 14: As expected, unfortunately this has been a waste of time on par with the congressional hearings. The one highlight has been Porco's sarcastic segues. + +Edit 15: The guy from the CFTC has not moved at all except for his brief comments. The dude is like Drax the Destroyer. + +Edit 16: Question time! Ayyy first question is "why are market makers allowed to do naked short selling?" Bullshit answer about contributing to liquidity incoming. This shill from the SEC is explaining what a market maker is now. Smh. + +Edit 17: SEC shill continuing to explain how reg SHO requires market makers to mark shares long, short, or short exempt. Somehow neglected to mention the penalties for failure to do these things are basically non-existent. + +Edit 18: Porco commented on the volume of questions! SEC enforcement lady's wifi has myseriously cut out. Dick Best made a brief Melissa Lee face. Gold. + +Edit 19: SEC lady wants you to contact them. You know what to do everyone! + +Edit 20: Time is over. Basically answered no questions. Fuck you shills. We aren't fucking leaving. + +Edit 21: In my opinion, the highlight of tonight's bullshit parade: + +https://www.reddit.com/r/Superstonk/comments/nvgeot/dick_best_from_the_sec_reacting_to_questions/ + +*insert it's always sunny theme music* +"The gang gets FOIA'd" title card +For the love of God and all that is holy. Please don't use leverage during turmoil like this. Stop trying to catch falling knives people! Wait a couple of days for things to stabilise a little. We are in the middle of a major disaster and people keep trying to make a quick buck using leverage. Unless you are an insider and you know something in advance using leverage will only fill someone else's pockets instead of yours. May as well go to Vegas and put it all on black. + +What's even more insane is the fact that in the last 24h majority of them were longs! Yes, longs. The market keeps going down like crazy with everything going on and yet people put shorts down. Like... why? Don't you like the money? + +https://preview.redd.it/a5c49apev2z81.png?width=1553&format=png&auto=webp&s=035b353d8f528d30b7ef1a82526c7897172ae0cd + +https://preview.redd.it/4qvo4mp9v2z81.png?width=1591&format=png&auto=webp&s=e0690e8514fe15b3bc4391a2d8ac36af05bdb08d +Blanderson Snooper here, time to Double Down on some wargame theories and take a look at these four companies and their role in this saga with fresh eyes and new intel. + +**Prerequisite Readings** + +[Ultimate Wargame Theory: The Beginning - Total Return Swaps, RRPs, and the Voltron Fund](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/) + +&#x200B; + +**Suggested Readings** + +[Wargame Theory II: The Mother of All FUD (MOAFUD)](https://www.reddit.com/r/Superstonk/comments/ng4ja0/wargame_theory_ii_the_mother_of_all_fud_moafud/) + +[The GME Wargame: A New Theory of Everything](https://www.reddit.com/r/Superstonk/comments/mvov2f/the_gme_wargame_a_new_theory_of_everything_my/) + +&#x200B; + +Also, if you want to better understand market mechanics and all the different pieces of the Voltron Fund, there is a DD floating around another sub called Gambling with Giants that’s a great addition to our collective DD. My hope is that some Apes will take the info in that post and put more pieces of the Voltron machine together. + +Finally, because of Reddit's interface issues, I won't be editing this post with updates, additions, and corrections. Those will continue to go in [the Ultimate Wargame FAQ](https://www.reddit.com/user/Blanderson_Snooper/comments/ojmgrs/ultimate_wargame_faq_and_cuts/) as well as be incorporated into future posts. + +🚀🚀🚀🚀🚀🚀🚀 + +Today’s story is going to take us back to the Wargame Theory II, which included these two arguments: + +1. Kenny has been hiding the true SI% since January using a variety of techniques to funnel the scheme privately between his “fortress funds” (my first inkling of what would eventually become Voltron Fund) +2. Kenny is obsessed with names that are evocative of real things but which also serve as metaphors for understanding what they do. + +**Argument 1** above was incomplete, [as leavemeanon showed in Where are the Shares](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/). + +Did you know they referenced “tip of the Glacier” in those posts, which came shortly after the Wargame Theory II? It’s my story, so I’m going to believe they were trying to tell us exactly this. Or perhaps telling us that we hadn’t found everything interesting about Glacier Capital yet, which also turned out to be true. Both? + +We also know Kenny’s been hiding way more SI% than what’s in the Married Puts, [as broccaaa and others have shown](https://www.reddit.com/r/Superstonk/comments/o14ccz/the_naked_shorting_scam_in_numbers_part_deux_up/). + +**Argument 2** is speculation of course, but this DD elaborates on four names that continue to point to Kenny’s name games and how they can help us understand what’s going on: + +Archegos. Iceberg Research. White Square Capital, and Glacier Capital + +Future Ultimate Wargame posts will provide even more examples in excruciating detail. For now, let’s revisit three of our old friends and one new friend-of-a-friend. + +# Archegos + +Bill Hwang’s Archegos was the canary in the coal mine when news started leaking in March of its demise. In the Wargame Theory II, I suggested that Kenny’s obsession with names could let us read more than meets the eye into the Archegos collapse. It was the first inkling I had that there might be connections we weren’t seeing, and I hoped my theory of names would help us find them. + +Eagle-eyed readers of the Wargame II taught us what the word *archegos* means in biblical exegesis: + +https://preview.redd.it/pefd53xhodb71.jpg?width=885&format=pjpg&auto=webp&s=203da422fcfef485698030d8b297842275865038 + +(**Method Note:** Another user has since [offered another possible meaning](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/h52lveq?utm_source=share&utm_medium=web2x&context=3), but the meaning in biblical exegesis is well established and so I think it’s a valid choice to make for this theory. Most words have multiple meanings, so the historical context of each meaning must be considered.) + +It’s worth noting that Archegos’s portfolio, as far as I can find it, is 100% correlated with the Voltron Fund, but they are big names like Baidu and CBSViacom so it’s not a strong piece of evidence, more of a data point to keep in mind. I wish we knew the whole portfolio. + +However, the fact that [Hwang is a Tiger Cub](https://en.wikipedia.org/wiki/List_of_Tiger_Cubs_(finance)https://en.wikipedia.org/wiki/List_of_Tiger_Cubs_(finance)) and most of his Total Return Swaps were made with bad guy banks like Goldman Sachs, Deutsche Bank, and Credit Suisse, suggests the connection as well. Notably, Hwang is a vocal Christian, which supports the Biblical interpretation of his fund’s name. + +In Ultimate Wargame: Beginnings, I speculated that Archegos’s meltdown might be reflected in the March GME event and be a clue to understanding this year’s RRP action. Its name was an important piece of speculation that informed the theory, so **I’ll repeat the theory here**. + +&#x200B; + +* The shorts got hidden in January by the Married Puts and other mechanisms we have since identified, but that’s the last time that was going to happen on that scale +* The Voltron’s Sword algorithm determines that someone needs to go, and so Archegos (“the first, the sacrifice”) gets the call and that causes the March run-up +* While they’re waiting for the Archegos fallout to appear, the Voltron Fund fragments its holdings and prepares to use a series of Total Return Swaps to keep the price under control when it shoots up as a result (similar to how they shut down January, but through a different mechanism) +* Right after that, in mid-March, is when RRPs start to rumble and they’ve been basically growing ever since, as the TRS’s leak more and more cash into their counterparty banks. By sacrificing Archegos and keeping the price steady, they have been able to draw out the charade much longer +* They keep the price flat and money flowing through HFT shenanigans between members, and they keep the shorts hidden using TRS swaps and non-reporting family funds + +This would explain the low borrow rate and reports that they are low because there is no interest in borrowing GME. They have been borrowing and shorting as part of the strategy, but the main thing keeping them alive is spreading massive leverage over trillions of dollars AUM and dozens of companies so that every company in the fund is at least $0.01 in the black. + +They're mostly using their own shares to manipulate the price, it's just that before we didn't know all the places we had to look for them or the extent of the colluding counterparties. They will take pieces off the board here and there (Archegos, Citadel Luxembourg, White Square Capital) just to maintain equilibrium across the entire fund. I believe the May run-up *might* have been a result of Citadel Luxembourg closing and Glacier Capital absorbing some of its positions. + +Let’s take a look. + +# Revisiting the Glacier + +A couple of weeks ago I found two new stocks that started correlating to GME in mid-March. + +I found them by revisiting Glacier Capital in light of the emergence of Iceberg Research and identification of the Voltron Fund. I present this as proof of concept for the idea of the Voltron Fund and how interconnected everything is, as well as how looking at old data with the benefit of all we’ve learned in the meantime can be fruitful. It also further reveals the extent of media complicity and coordination. + +💎 + +On Monday, 17 May, Glacier Capital [publicized a strange letter to investors](https://www.reddit.com/r/Superstonk/comments/neehh0/glacier_capital_letter_to_investors_states_they/), loudly proclaiming it had taken a short position in Gamestop at $167. + +Investigative Apes immediately went to work to determine the legitimacy of the company and details about it. [This post made through Superstonkbot](https://www.reddit.com/r/Superstonk/comments/o6otv9/potential_proof_for_white_square_capital_llp_not/) on June 23, which I just found while researching this post, looks like a prologue to the Ultimate Wargame. While their research methods go beyond what I am personally comfortable with, they proposed an idea that sounds an awful lot like the Voltron Fund: + +&#x200B; + +>I also have a strong feeling that they are using these companies to trade stocks between themselves, as well as tax evade, and execute any other illegal market tactics. I personally think there are many more companies to unravel and expose, with much more information that could help us out to see the truth. + +Anon, if you’re out there, I salute you. + +Then there was [this post showing the bullet points from Glacier’s release](https://www.reddit.com/r/Superstonk/comments/neehh0/glacier_capital_letter_to_investors_states_they/) about their positions. I think it’s fair to say the community focused almost exclusively on their GME position, but we ignored the rest of the letter. We shouldn’t have. For once, Forget Gamestop! 🤡 + +&#x200B; + +https://preview.redd.it/qo2b80fdndb71.jpg?width=576&format=pjpg&auto=webp&s=a9ac61e255586ed61f9ded94117e6a058be9d7c5 + +They opened new short positions in Fisker and “several other EV manufacturers.” + +I don’t know much about EV companies and had never heard of Fisker, so a quick Google search found me a Motley Fool article from Jan 25 of this year. + +https://preview.redd.it/7hybd29aodb71.jpg?width=1238&format=pjpg&auto=webp&s=10cdd5816656cd09386c8e2967679fc8497f0ada + +I always click on their articles because they give me WAY more information than any other source, as you’ll see below. + +Anyway, the first weird thing about the article is that the headline makes it sound like you’re getting Elon’s top picks. However, the article just briefly lists some facts about Tesla and Elon and then never mentions them again. Instead, they introduce you to *their* picks. It’s clearly meant to deceive. + +Anyway, which stocks were the “top electric vehicle stocks?” + +# Blackberry and Lithium Americas Corp + +&#x200B; + +https://preview.redd.it/j7nr5wrbodb71.jpg?width=488&format=pjpg&auto=webp&s=08e6b99e87f7127013dd769df2e418528719d39e + +Neither of these companies makes electric vehicles (parts for them sure), but you know who has owned both BB and LAC for many years? + +**The Voltron Fund** + +You know who’s owned Fisker (FSR) for many years? + +**The Voltron Fund** + +As I was writing the original draft of this article on July 6, a brand new article about Fisker popped up on MF! + +https://preview.redd.it/w3eppieyodb71.jpg?width=1229&format=pjpg&auto=webp&s=054dd7efef71533133e4f3fd54e975232bde0206 + +Notice that they also throw in another ticker, Magna International (MGA). You want to know who’s recently taken a big(ger) interest in MGA? + +**The Voltron Fund** + +You might say they just pick winners, I say they arbitrarily make and break them. + +💎 + +Back to the Glacier and its home, Luxembourg. + +I have two theories: + +* Glacier absorbed some or all of Citadel Luxembourg’s positions through the machinations of the Voltron Fund. +* In doing so, they have correlated new stocks to GME, similar to [what we had found in The Big Four](https://www.reddit.com/r/GME/comments/nay4zw/presenting_the_big_four_four_separate_stocks_four/). + +Let's see what we can find. + +Citadel Luxembourg closed its doors on April 30. Glacier announced its short position on May 17. It must have taken a few days to write that letter to investors, so I figured I’d look at the stock movements to see if we can find evidence of Glacier taking on Citadel Luxembourg’s positions. + +Why not start with LAC and FSR? + +Here’s a comparison of the monthly charts for FSR, LAC, and GME. My pet frog ate some mushrooms and labeled the charts, total psycho when he's tripping. 🐸👽 + +https://preview.redd.it/zjlgmybhpdb71.jpg?width=1476&format=pjpg&auto=webp&s=f8ae51df3effe867dd31b24da71cfddb3e3c6120 + +Notice the volume spike at the end of April? I speculate that this is Glacier Capital absorbing all of Citadel Luxembourg’s positions. + +All three stocks get dumped on May 10th and then begin a run-up all the way to the date of GME’s annual meeting, including sharing significant spikes on May 17th and during the May 25-26 T+21/+35 crossover event. + +Remember what happened annual meeting week? GME took a big dump, and look at LAC go with it. But wait, Fisker stays pumped up there, it doesn’t dump. + +We do know the Voltron Fund loves its pumps, right? Remember what popped up on Motley Fool just yesterday as I was typing? + +https://preview.redd.it/qjs66v5wpdb71.jpg?width=1229&format=pjpg&auto=webp&s=df0cb2d00f9b50f4ef61f84410396015ef13f867 + +Pumping Fisker on the July 6, and on July 7 what happens? It takes a huge dump and starts correlating once again with LAC and GME. + +https://preview.redd.it/jgxfl6ixpdb71.jpg?width=1520&format=pjpg&auto=webp&s=ada36fa34334b53390426971a48e8fb6326880de + +Since I’m publishing this a week later, I took a look and saw that Fisker is still mirroring GME on the daily charts. Some days it seems to and others it doesn’t. Maybe someone can put together a chart? + +Anyway, once you start correlating *everything* that happens in this saga to the Voltron Fund’s holdings, you start to understand how widespread the manipulation really is. + +&#x200B; + +🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑 + +# The Widespread Manipulation Game! + +On July 6th, someone posted the first weekly results of their ticker scraping bot on Reddit and Twitter. They posted the Top 10 mentions, I’ve highlighted which ones have been owned by the Voltron Fund for years. + +https://preview.redd.it/3lo4x0q1qdb71.jpg?width=693&format=pjpg&auto=webp&s=03861359c4191462c541f5de341eab65e735455e + +They posted the 5 “Growing” mentions for the week. I’ve highlighted which ones have been owned by the Voltron Fund for years. Citadel itself recently took a large stake in Paysafe. + +https://preview.redd.it/k5btgfy2qdb71.jpg?width=697&format=pjpg&auto=webp&s=e212f0fdd041afd27837679fe86770c53aa9a143 + +They even posted two honorable mentions! I’ve highlighted which ones are owned by the Voltron Fund or connected to its interests. + +https://preview.redd.it/u4ncvgz3qdb71.jpg?width=701&format=pjpg&auto=webp&s=a97c2bd00e0d9eca19bac9e8029cda0bca2f1c37 + +**17 for 17, not bad Voltron Fund!** + +But wait, there's more! + +[u/ayyyybro](https://www.reddit.com/user/ayyyybro) has been [tracking FUD](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/) distraction stocks since January. Every weed stock, the mortgage stock, and silver companies are all owned by the Voltron Fund. When I went to the Marketwatch article about silver in February, the only non-silver ticker they mentioned was, you guessed it, owned by the Voltron Fund. This is a pattern that repeats on every hedgie media story I've looked at. If Voltron Fund doesn't own it, they simply don't mention it, good, bad, or otherwise. + +As I said, once you have this list, you’ll realize we are in a 100% manipulated media environment. No matter what choice you make, if it’s from those given, you will be a loser. + +🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑 + +&#x200B; + +One final thing for all you detectives to dig into before we move on from the Glacier. When Glacier announced their new positions, they told us exactly what price they took their shorts out on Gamestop: $167. Why would they announce that? + +Let’s look at the GME chart from mid-April to mid-May, with the blue line marking $167. + +&#x200B; + +https://preview.redd.it/awjx1qhiqdb71.jpg?width=1338&format=pjpg&auto=webp&s=fab9cb8d941325dc080fe2ba5c9620edc21b222d + +It’s hard not to see that line as significant, but I don’t know enough to analyze it. I see many times the stock bounces off $167, and I see clusters of volume around the end of April and May 17th, as well as a big red drop on May 3 (the first trading day after Citadel Luxembourg was liquidated). + +Thoughts? + +# White Square Capital + +If you’re still skeptical about my theory of names, how about this? + +Three days after newly elected Gamestop board member Larry Cheng tweeted this: + +&#x200B; + +https://preview.redd.it/0hb5yn2uqdb71.jpg?width=593&format=pjpg&auto=webp&s=c501818111fecd9531ab8e6d8f2c06a196268e22 + +We hear about this: + +&#x200B; + +https://preview.redd.it/r8moghxvqdb71.jpg?width=736&format=pjpg&auto=webp&s=3ef25265521396af0442958978d5d603fc7ca4a0 + +What has white squares? A chessboard. + +White Square is, as the Wargame Theory of Names suggests, yet another “name that points to a tangible thing but also acts as a metaphor for how Kenny uses it.” + +I think Kenny saw Larry Cheng’s tweet and was like, “oh you want to play a game, motherfuckers?” + +**Gamer Apes:** “[Yes, yes we do.](https://www.reddit.com/r/Superstonk/comments/ok8mf6/why_fud_attacks_dont_work_on_non_boomer/)” + +&#x200B; + +Now let’s check out a new friend-of-a-friend, and think about it as an echo of this Citron Research tweet about GME from January. + +https://preview.redd.it/i8j2wjs3rdb71.jpg?width=756&format=pjpg&auto=webp&s=984f568900f8ff506217aff1cfc1aebb75b48227 + +# Iceberg Research + +On July 2, Iceberg Research tweeted this: + +&#x200B; + +https://preview.redd.it/yi487xo7rdb71.jpg?width=752&format=pjpg&auto=webp&s=7873fe660aed54e1ff70a6ae10b0844263ee6932 + +When I first saw this, I thought it was a joke. I looked it up and found no SEC filings, and then saw a headline saying the company only had one employee in Thailand. I thought it was funny but dismissed it as a cheap knockoff troll copying Citron and Glacier's announcements. + +And that shows I’m not immune to FUD, because they do exist. It’s also why I consider things so long and carefully before publishing them. + +Someone else did some great research and linked them to a building in Westerville, Ohio. Then, just like Apes did with Glacier, someone went and took pictures of the building and its tenants. + +&#x200B; + +https://preview.redd.it/hnivvckjrdb71.jpg?width=747&format=pjpg&auto=webp&s=f159fd2ecca7bed700df00c64bf9cb80d612877c + +Nobody’s home! But don’t worry, they exist. Iceberg is as connected to Voltron as Citron, and they and Westerville, OH are connected to this entire saga in the most bizarre of ways. More on that in upcoming Ultimate Wargame posts. + +This story is all about names, though, so it’s worth pointing out that my initial research into Iceberg was flawed in another way. + +I looked them up as if they are a hedge fund, searching for 13Fs on the SEC site and didn’t find any. The difference is that they are a “research group,” which puts them in the same category as our old friends Citron. + +On Jan 19, Citron made its infamous claim that it knows short interest better than “we” do. + +* Jan 19 was a Tuesday after a Monday holiday, and we know what happened over the next two weeks with GME. +* On May 17, Glacier released its famous letter to investors. That was a Monday, and we know what happened over the next two weeks with GME. +* On July 2, the Friday before a long weekend, Iceberg released its second-rate copy of the Citron “analysis” for the movie stock. + +I originally wrote this on July 3 and said “it will be interesting to see what happens to movie stock over the next couple of weeks,” but then I shelved this project until today. So now, LIVE as I finish this on July 14, I’m going to go see what happened with that stock. + +Well, let’s just say it hasn’t followed the pattern. (I wish those Apes nothing but great things.) Sometimes this kind of research doesn't produce correlations you're looking for, and I think it's important to point out those times too. + +Here are a couple of other interesting correlations, particularly if you believe my theories about names and the Voltron Fund. + +* Citron got blown apart by its pre-Sneeze tweets in January 2021 +* Iceberg Research was incorporated in January 2021 + +&#x200B; + +Also, remember the readers who told me icebergs weren’t glaciers, but were instead parts of glaciers that break away? + +* Glacier was incorporated in 2017, Iceberg in 2021 +* Glacier revealed itself in May, Iceberg revealed itself in July + +The Glacier came before the Iceberg, twice. 💦💦 + +# Conclusion + +White Square Capital, founded in London in 2016, is one of many speciality shops founded in the last few years to house significant amounts of specific securities for the Voltron Fund. It's a tiny one, making it a perfect early sacrifice, but also a simple one to track in terms of its membership in the club. + +Another author [posted a similar theory about White Square a couple of weeks ago](https://www.reddit.com/r/Superstonk/comments/o5z8vc/working_theory_the_shf_white_square_that_just/), but I don’t think it’s as simple as Citadel taking on the positions of the busted hedge funds, in fact as my research has shown I think it may be the opposite. Citadel is the nexus and market maker for all of the other funds and their various shared schemes. + +As this Superstonkster predicted almost a month ago, + +https://preview.redd.it/kjpgwxwrsdb71.jpg?width=684&format=pjpg&auto=webp&s=e8aad7e16ec0fd50350c4df11bbcf2b75cd0b0bb + +&#x200B; + +As for what’s going on with these stocks? Well, I’d say Glacier gave us a roadmap to understanding how any and all stocks they own might correlate with GME, and that the will push or pump certain stocks while shorting others. + +**I think we can find meaning in correlating movement in relation to GME across the entire Voltron Fund over time.** But that's a big project, especially with my ancient research methods and Apeish tools. + +If a stock was moving with GME and now it isn’t, but another one now is that wasn’t, what can that tell us about the mechanisms being used to hide the shorts? + +I’d love to know what people with access to more tools and data than I have can find regarding these stocks. I also think there are lessons here about recognizing which stocks are pumps as well as understanding the arbitrage machine outlined in Where are the Shares? That’s for someone else, though, as I’m not educated in the mechanics of trading (although I aim to change that by reading the Gambling With Giants DD carefully). + +I think they don’t care which ones we pick as long as it’s from choices they give us. The more money and stocks in their system, the more they can manipulate. That’s why I’ve conceptualized the Voltron Fund as a shadow economy sucking resources out of the real economy, because I think that’s functionally what it is. It explains why the rich keep getting richer while our roads, bridges, businesses, and civil society decay. + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀 + +**A couple of observations before I go.** Please don't get sucked into NFT scams, FUD, and rabbit holes...nobody knows any more than you do until Gamestop makes formal announcements. If there are scammers out there, the only way they can get you is if you pay attention to them. + +Distraction and division are two of the most common COINTELPRO techniques. They run their games on every post I make, and I'm sure the same goes for other DD authors as well. I talked about [the cultural power of our information](https://www.reddit.com/r/Superstonk/comments/nhx7f2/gme_apes_a_cultural_due_diligence_prequel_to_the/) and how to recognize and protect yourself against manipulation in my very first DDs, and it remains true today. Give them nothing, and take from them everything. + +I also see a lot of FUD lately trying to fracture the community, lure Apes to private discords and other controlled channels of communication, cast doubt on the mod team, and get you to websites that can doxx or otherwise compromise you. Maintaining and defending this community is more valuable than abandoning it. + +**At this point we are walking through a haunted house with the lights on, don't let anyone lure you back into the dark.** + +I want to end with a heads up: some upcoming Ultimate Wargame posts will be posted to my personal profile page, not Superstonk, because they are stories drawn from the data that go beyond GME and place the story in what I believe to be its proper historical context. + +They are the story of how Kenny became Darth Mayo, and are meant to be entertaining stories based on real events, though they are sincere and genuine parts of my personal Ultimate Wargame theory. Because of how these theories have developed, I want to maintain a more distinct distance between the content based on facts and research and the content that weaves fantastic stories out of them. + +If you like James Bond or Tom Clancy, I think you’ll enjoy the next bits of speculative historical fiction. First up, [we’ll head to Seaworld](https://www.reddit.com/r/Superstonk/comments/o5ufp7/for_those_saying_white_square_capital_didnt/) by way of Catalonia and dig even more deeply into Kenny's supervillain weakness. + +Coming soon, + +Blanderson +Blanderson Snooper here, time to Double Down on some wargame theories and take a look at these four companies and their role in this saga with fresh eyes and new intel. + +**Prerequisite Readings** + +[Ultimate Wargame Theory: The Beginning - Total Return Swaps, RRPs, and the Voltron Fund](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/) + +&#x200B; + +**Suggested Readings** + +[Wargame Theory II: The Mother of All FUD (MOAFUD)](https://www.reddit.com/r/Superstonk/comments/ng4ja0/wargame_theory_ii_the_mother_of_all_fud_moafud/) + +[The GME Wargame: A New Theory of Everything](https://www.reddit.com/r/Superstonk/comments/mvov2f/the_gme_wargame_a_new_theory_of_everything_my/) + +&#x200B; + +Also, if you want to better understand market mechanics and all the different pieces of the Voltron Fund, there is a DD floating around another sub called Gambling with Giants that’s a great addition to our collective DD. My hope is that some Apes will take the info in that post and put more pieces of the Voltron machine together. + +Finally, because of Reddit's interface issues, I won't be editing this post with updates, additions, and corrections. Those will continue to go in [the Ultimate Wargame FAQ](https://www.reddit.com/user/Blanderson_Snooper/comments/ojmgrs/ultimate_wargame_faq_and_cuts/) as well as be incorporated into future posts. + +🚀🚀🚀🚀🚀🚀🚀 + +Today’s story is going to take us back to the Wargame Theory II, which included these two arguments: + +1. Kenny has been hiding the true SI% since January using a variety of techniques to funnel the scheme privately between his “fortress funds” (my first inkling of what would eventually become Voltron Fund) +2. Kenny is obsessed with names that are evocative of real things but which also serve as metaphors for understanding what they do. + +**Argument 1** above was incomplete, [as leavemeanon showed in Where are the Shares](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/). + +Did you know they referenced “tip of the Glacier” in those posts, which came shortly after the Wargame Theory II? It’s my story, so I’m going to believe they were trying to tell us exactly this. Or perhaps telling us that we hadn’t found everything interesting about Glacier Capital yet, which also turned out to be true. Both? + +We also know Kenny’s been hiding way more SI% than what’s in the Married Puts, [as broccaaa and others have shown](https://www.reddit.com/r/Superstonk/comments/o14ccz/the_naked_shorting_scam_in_numbers_part_deux_up/). + +**Argument 2** is speculation of course, but this DD elaborates on four names that continue to point to Kenny’s name games and how they can help us understand what’s going on: + +Archegos. Iceberg Research. White Square Capital, and Glacier Capital + +Future Ultimate Wargame posts will provide even more examples in excruciating detail. For now, let’s revisit three of our old friends and one new friend-of-a-friend. + +# Archegos + +Bill Hwang’s Archegos was the canary in the coal mine when news started leaking in March of its demise. In the Wargame Theory II, I suggested that Kenny’s obsession with names could let us read more than meets the eye into the Archegos collapse. It was the first inkling I had that there might be connections we weren’t seeing, and I hoped my theory of names would help us find them. + +Eagle-eyed readers of the Wargame II taught us what the word *archegos* means in biblical exegesis: + +https://preview.redd.it/pefd53xhodb71.jpg?width=885&format=pjpg&auto=webp&s=203da422fcfef485698030d8b297842275865038 + +(**Method Note:** Another user has since [offered another possible meaning](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/h52lveq?utm_source=share&utm_medium=web2x&context=3), but the meaning in biblical exegesis is well established and so I think it’s a valid choice to make for this theory. Most words have multiple meanings, so the historical context of each meaning must be considered.) + +It’s worth noting that Archegos’s portfolio, as far as I can find it, is 100% correlated with the Voltron Fund, but they are big names like Baidu and CBSViacom so it’s not a strong piece of evidence, more of a data point to keep in mind. I wish we knew the whole portfolio. + +However, the fact that [Hwang is a Tiger Cub](https://en.wikipedia.org/wiki/List_of_Tiger_Cubs_(finance)https://en.wikipedia.org/wiki/List_of_Tiger_Cubs_(finance)) and most of his Total Return Swaps were made with bad guy banks like Goldman Sachs, Deutsche Bank, and Credit Suisse, suggests the connection as well. Notably, Hwang is a vocal Christian, which supports the Biblical interpretation of his fund’s name. + +In Ultimate Wargame: Beginnings, I speculated that Archegos’s meltdown might be reflected in the March GME event and be a clue to understanding this year’s RRP action. Its name was an important piece of speculation that informed the theory, so **I’ll repeat the theory here**. + +&#x200B; + +* The shorts got hidden in January by the Married Puts and other mechanisms we have since identified, but that’s the last time that was going to happen on that scale +* The Voltron’s Sword algorithm determines that someone needs to go, and so Archegos (“the first, the sacrifice”) gets the call and that causes the March run-up +* While they’re waiting for the Archegos fallout to appear, the Voltron Fund fragments its holdings and prepares to use a series of Total Return Swaps to keep the price under control when it shoots up as a result (similar to how they shut down January, but through a different mechanism) +* Right after that, in mid-March, is when RRPs start to rumble and they’ve been basically growing ever since, as the TRS’s leak more and more cash into their counterparty banks. By sacrificing Archegos and keeping the price steady, they have been able to draw out the charade much longer +* They keep the price flat and money flowing through HFT shenanigans between members, and they keep the shorts hidden using TRS swaps and non-reporting family funds + +This would explain the low borrow rate and reports that they are low because there is no interest in borrowing GME. They have been borrowing and shorting as part of the strategy, but the main thing keeping them alive is spreading massive leverage over trillions of dollars AUM and dozens of companies so that every company in the fund is at least $0.01 in the black. + +They're mostly using their own shares to manipulate the price, it's just that before we didn't know all the places we had to look for them or the extent of the colluding counterparties. They will take pieces off the board here and there (Archegos, Citadel Luxembourg, White Square Capital) just to maintain equilibrium across the entire fund. I believe the May run-up *might* have been a result of Citadel Luxembourg closing and Glacier Capital absorbing some of its positions. + +Let’s take a look. + +# Revisiting the Glacier + +A couple of weeks ago I found two new stocks that started correlating to GME in mid-March. + +I found them by revisiting Glacier Capital in light of the emergence of Iceberg Research and identification of the Voltron Fund. I present this as proof of concept for the idea of the Voltron Fund and how interconnected everything is, as well as how looking at old data with the benefit of all we’ve learned in the meantime can be fruitful. It also further reveals the extent of media complicity and coordination. + +💎 + +On Monday, 17 May, Glacier Capital [publicized a strange letter to investors](https://www.reddit.com/r/Superstonk/comments/neehh0/glacier_capital_letter_to_investors_states_they/), loudly proclaiming it had taken a short position in Gamestop at $167. + +Investigative Apes immediately went to work to determine the legitimacy of the company and details about it. [This post made through Superstonkbot](https://www.reddit.com/r/Superstonk/comments/o6otv9/potential_proof_for_white_square_capital_llp_not/) on June 23, which I just found while researching this post, looks like a prologue to the Ultimate Wargame. While their research methods go beyond what I am personally comfortable with, they proposed an idea that sounds an awful lot like the Voltron Fund: + +&#x200B; + +>I also have a strong feeling that they are using these companies to trade stocks between themselves, as well as tax evade, and execute any other illegal market tactics. I personally think there are many more companies to unravel and expose, with much more information that could help us out to see the truth. + +Anon, if you’re out there, I salute you. + +Then there was [this post showing the bullet points from Glacier’s release](https://www.reddit.com/r/Superstonk/comments/neehh0/glacier_capital_letter_to_investors_states_they/) about their positions. I think it’s fair to say the community focused almost exclusively on their GME position, but we ignored the rest of the letter. We shouldn’t have. For once, Forget Gamestop! 🤡 + +&#x200B; + +https://preview.redd.it/qo2b80fdndb71.jpg?width=576&format=pjpg&auto=webp&s=a9ac61e255586ed61f9ded94117e6a058be9d7c5 + +They opened new short positions in Fisker and “several other EV manufacturers.” + +I don’t know much about EV companies and had never heard of Fisker, so a quick Google search found me a Motley Fool article from Jan 25 of this year. + +https://preview.redd.it/7hybd29aodb71.jpg?width=1238&format=pjpg&auto=webp&s=10cdd5816656cd09386c8e2967679fc8497f0ada + +I always click on their articles because they give me WAY more information than any other source, as you’ll see below. + +Anyway, the first weird thing about the article is that the headline makes it sound like you’re getting Elon’s top picks. However, the article just briefly lists some facts about Tesla and Elon and then never mentions them again. Instead, they introduce you to *their* picks. It’s clearly meant to deceive. + +Anyway, which stocks were the “top electric vehicle stocks?” + +# Blackberry and Lithium Americas Corp + +&#x200B; + +https://preview.redd.it/j7nr5wrbodb71.jpg?width=488&format=pjpg&auto=webp&s=08e6b99e87f7127013dd769df2e418528719d39e + +Neither of these companies makes electric vehicles (parts for them sure), but you know who has owned both BB and LAC for many years? + +**The Voltron Fund** + +You know who’s owned Fisker (FSR) for many years? + +**The Voltron Fund** + +As I was writing the original draft of this article on July 6, a brand new article about Fisker popped up on MF! + +https://preview.redd.it/w3eppieyodb71.jpg?width=1229&format=pjpg&auto=webp&s=054dd7efef71533133e4f3fd54e975232bde0206 + +Notice that they also throw in another ticker, Magna International (MGA). You want to know who’s recently taken a big(ger) interest in MGA? + +**The Voltron Fund** + +You might say they just pick winners, I say they arbitrarily make and break them. + +💎 + +Back to the Glacier and its home, Luxembourg. + +I have two theories: + +* Glacier absorbed some or all of Citadel Luxembourg’s positions through the machinations of the Voltron Fund. +* In doing so, they have correlated new stocks to GME, similar to [what we had found in The Big Four](https://www.reddit.com/r/GME/comments/nay4zw/presenting_the_big_four_four_separate_stocks_four/). + +Let's see what we can find. + +Citadel Luxembourg closed its doors on April 30. Glacier announced its short position on May 17. It must have taken a few days to write that letter to investors, so I figured I’d look at the stock movements to see if we can find evidence of Glacier taking on Citadel Luxembourg’s positions. + +Why not start with LAC and FSR? + +Here’s a comparison of the monthly charts for FSR, LAC, and GME. My pet frog ate some mushrooms and labeled the charts, total psycho when he's tripping. 🐸👽 + +https://preview.redd.it/zjlgmybhpdb71.jpg?width=1476&format=pjpg&auto=webp&s=f8ae51df3effe867dd31b24da71cfddb3e3c6120 + +Notice the volume spike at the end of April? I speculate that this is Glacier Capital absorbing all of Citadel Luxembourg’s positions. + +All three stocks get dumped on May 10th and then begin a run-up all the way to the date of GME’s annual meeting, including sharing significant spikes on May 17th and during the May 25-26 T+21/+35 crossover event. + +Remember what happened annual meeting week? GME took a big dump, and look at LAC go with it. But wait, Fisker stays pumped up there, it doesn’t dump. + +We do know the Voltron Fund loves its pumps, right? Remember what popped up on Motley Fool just yesterday as I was typing? + +https://preview.redd.it/qjs66v5wpdb71.jpg?width=1229&format=pjpg&auto=webp&s=df0cb2d00f9b50f4ef61f84410396015ef13f867 + +Pumping Fisker on the July 6, and on July 7 what happens? It takes a huge dump and starts correlating once again with LAC and GME. + +https://preview.redd.it/jgxfl6ixpdb71.jpg?width=1520&format=pjpg&auto=webp&s=ada36fa34334b53390426971a48e8fb6326880de + +Since I’m publishing this a week later, I took a look and saw that Fisker is still mirroring GME on the daily charts. Some days it seems to and others it doesn’t. Maybe someone can put together a chart? + +Anyway, once you start correlating *everything* that happens in this saga to the Voltron Fund’s holdings, you start to understand how widespread the manipulation really is. + +&#x200B; + +🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑 + +# The Widespread Manipulation Game! + +On July 6th, someone posted the first weekly results of their ticker scraping bot on Reddit and Twitter. They posted the Top 10 mentions, I’ve highlighted which ones have been owned by the Voltron Fund for years. + +https://preview.redd.it/3lo4x0q1qdb71.jpg?width=693&format=pjpg&auto=webp&s=03861359c4191462c541f5de341eab65e735455e + +They posted the 5 “Growing” mentions for the week. I’ve highlighted which ones have been owned by the Voltron Fund for years. Citadel itself recently took a large stake in Paysafe. + +https://preview.redd.it/k5btgfy2qdb71.jpg?width=697&format=pjpg&auto=webp&s=e212f0fdd041afd27837679fe86770c53aa9a143 + +They even posted two honorable mentions! I’ve highlighted which ones are owned by the Voltron Fund or connected to its interests. + +https://preview.redd.it/u4ncvgz3qdb71.jpg?width=701&format=pjpg&auto=webp&s=a97c2bd00e0d9eca19bac9e8029cda0bca2f1c37 + +**17 for 17, not bad Voltron Fund!** + +But wait, there's more! + +[u/ayyyybro](https://www.reddit.com/user/ayyyybro) has been [tracking FUD](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/) distraction stocks since January. Every weed stock, the mortgage stock, and silver companies are all owned by the Voltron Fund. When I went to the Marketwatch article about silver in February, the only non-silver ticker they mentioned was, you guessed it, owned by the Voltron Fund. This is a pattern that repeats on every hedgie media story I've looked at. If Voltron Fund doesn't own it, they simply don't mention it, good, bad, or otherwise. + +As I said, once you have this list, you’ll realize we are in a 100% manipulated media environment. No matter what choice you make, if it’s from those given, you will be a loser. + +🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑 + +&#x200B; + +One final thing for all you detectives to dig into before we move on from the Glacier. When Glacier announced their new positions, they told us exactly what price they took their shorts out on Gamestop: $167. Why would they announce that? + +Let’s look at the GME chart from mid-April to mid-May, with the blue line marking $167. + +&#x200B; + +https://preview.redd.it/awjx1qhiqdb71.jpg?width=1338&format=pjpg&auto=webp&s=fab9cb8d941325dc080fe2ba5c9620edc21b222d + +It’s hard not to see that line as significant, but I don’t know enough to analyze it. I see many times the stock bounces off $167, and I see clusters of volume around the end of April and May 17th, as well as a big red drop on May 3 (the first trading day after Citadel Luxembourg was liquidated). + +Thoughts? + +# White Square Capital + +If you’re still skeptical about my theory of names, how about this? + +Three days after newly elected Gamestop board member Larry Cheng tweeted this: + +&#x200B; + +https://preview.redd.it/0hb5yn2uqdb71.jpg?width=593&format=pjpg&auto=webp&s=c501818111fecd9531ab8e6d8f2c06a196268e22 + +We hear about this: + +&#x200B; + +https://preview.redd.it/r8moghxvqdb71.jpg?width=736&format=pjpg&auto=webp&s=3ef25265521396af0442958978d5d603fc7ca4a0 + +What has white squares? A chessboard. + +White Square is, as the Wargame Theory of Names suggests, yet another “name that points to a tangible thing but also acts as a metaphor for how Kenny uses it.” + +I think Kenny saw Larry Cheng’s tweet and was like, “oh you want to play a game, motherfuckers?” + +**Gamer Apes:** “[Yes, yes we do.](https://www.reddit.com/r/Superstonk/comments/ok8mf6/why_fud_attacks_dont_work_on_non_boomer/)” + +&#x200B; + +Now let’s check out a new friend-of-a-friend, and think about it as an echo of this Citron Research tweet about GME from January. + +https://preview.redd.it/i8j2wjs3rdb71.jpg?width=756&format=pjpg&auto=webp&s=984f568900f8ff506217aff1cfc1aebb75b48227 + +# Iceberg Research + +On July 2, Iceberg Research tweeted this: + +&#x200B; + +https://preview.redd.it/yi487xo7rdb71.jpg?width=752&format=pjpg&auto=webp&s=7873fe660aed54e1ff70a6ae10b0844263ee6932 + +When I first saw this, I thought it was a joke. I looked it up and found no SEC filings, and then saw a headline saying the company only had one employee in Thailand. I thought it was funny but dismissed it as a cheap knockoff troll copying Citron and Glacier's announcements. + +And that shows I’m not immune to FUD, because they do exist. It’s also why I consider things so long and carefully before publishing them. + +Someone else did some great research and linked them to a building in Westerville, Ohio. Then, just like Apes did with Glacier, someone went and took pictures of the building and its tenants. + +&#x200B; + +https://preview.redd.it/hnivvckjrdb71.jpg?width=747&format=pjpg&auto=webp&s=f159fd2ecca7bed700df00c64bf9cb80d612877c + +Nobody’s home! But don’t worry, they exist. Iceberg is as connected to Voltron as Citron, and they and Westerville, OH are connected to this entire saga in the most bizarre of ways. More on that in upcoming Ultimate Wargame posts. + +This story is all about names, though, so it’s worth pointing out that my initial research into Iceberg was flawed in another way. + +I looked them up as if they are a hedge fund, searching for 13Fs on the SEC site and didn’t find any. The difference is that they are a “research group,” which puts them in the same category as our old friends Citron. + +On Jan 19, Citron made its infamous claim that it knows short interest better than “we” do. + +* Jan 19 was a Tuesday after a Monday holiday, and we know what happened over the next two weeks with GME. +* On May 17, Glacier released its famous letter to investors. That was a Monday, and we know what happened over the next two weeks with GME. +* On July 2, the Friday before a long weekend, Iceberg released its second-rate copy of the Citron “analysis” for the movie stock. + +I originally wrote this on July 3 and said “it will be interesting to see what happens to movie stock over the next couple of weeks,” but then I shelved this project until today. So now, LIVE as I finish this on July 14, I’m going to go see what happened with that stock. + +Well, let’s just say it hasn’t followed the pattern. (I wish those Apes nothing but great things.) Sometimes this kind of research doesn't produce correlations you're looking for, and I think it's important to point out those times too. + +Here are a couple of other interesting correlations, particularly if you believe my theories about names and the Voltron Fund. + +* Citron got blown apart by its pre-Sneeze tweets in January 2021 +* Iceberg Research was incorporated in January 2021 + +&#x200B; + +Also, remember the readers who told me icebergs weren’t glaciers, but were instead parts of glaciers that break away? + +* Glacier was incorporated in 2017, Iceberg in 2021 +* Glacier revealed itself in May, Iceberg revealed itself in July + +The Glacier came before the Iceberg, twice. 💦💦 + +# Conclusion + +White Square Capital, founded in London in 2016, is one of many speciality shops founded in the last few years to house significant amounts of specific securities for the Voltron Fund. It's a tiny one, making it a perfect early sacrifice, but also a simple one to track in terms of its membership in the club. + +Another author [posted a similar theory about White Square a couple of weeks ago](https://www.reddit.com/r/Superstonk/comments/o5z8vc/working_theory_the_shf_white_square_that_just/), but I don’t think it’s as simple as Citadel taking on the positions of the busted hedge funds, in fact as my research has shown I think it may be the opposite. Citadel is the nexus and market maker for all of the other funds and their various shared schemes. + +As this Superstonkster predicted almost a month ago, + +https://preview.redd.it/kjpgwxwrsdb71.jpg?width=684&format=pjpg&auto=webp&s=e8aad7e16ec0fd50350c4df11bbcf2b75cd0b0bb + +&#x200B; + +As for what’s going on with these stocks? Well, I’d say Glacier gave us a roadmap to understanding how any and all stocks they own might correlate with GME, and that the will push or pump certain stocks while shorting others. + +**I think we can find meaning in correlating movement in relation to GME across the entire Voltron Fund over time.** But that's a big project, especially with my ancient research methods and Apeish tools. + +If a stock was moving with GME and now it isn’t, but another one now is that wasn’t, what can that tell us about the mechanisms being used to hide the shorts? + +I’d love to know what people with access to more tools and data than I have can find regarding these stocks. I also think there are lessons here about recognizing which stocks are pumps as well as understanding the arbitrage machine outlined in Where are the Shares? That’s for someone else, though, as I’m not educated in the mechanics of trading (although I aim to change that by reading the Gambling With Giants DD carefully). + +I think they don’t care which ones we pick as long as it’s from choices they give us. The more money and stocks in their system, the more they can manipulate. That’s why I’ve conceptualized the Voltron Fund as a shadow economy sucking resources out of the real economy, because I think that’s functionally what it is. It explains why the rich keep getting richer while our roads, bridges, businesses, and civil society decay. + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀 + +**A couple of observations before I go.** Please don't get sucked into NFT scams, FUD, and rabbit holes...nobody knows any more than you do until Gamestop makes formal announcements. If there are scammers out there, the only way they can get you is if you pay attention to them. + +Distraction and division are two of the most common COINTELPRO techniques. They run their games on every post I make, and I'm sure the same goes for other DD authors as well. I talked about [the cultural power of our information](https://www.reddit.com/r/Superstonk/comments/nhx7f2/gme_apes_a_cultural_due_diligence_prequel_to_the/) and how to recognize and protect yourself against manipulation in my very first DDs, and it remains true today. Give them nothing, and take from them everything. + +I also see a lot of FUD lately trying to fracture the community, lure Apes to private discords and other controlled channels of communication, cast doubt on the mod team, and get you to websites that can doxx or otherwise compromise you. Maintaining and defending this community is more valuable than abandoning it. + +**At this point we are walking through a haunted house with the lights on, don't let anyone lure you back into the dark.** + +I want to end with a heads up: some upcoming Ultimate Wargame posts will be posted to my personal profile page, not Superstonk, because they are stories drawn from the data that go beyond GME and place the story in what I believe to be its proper historical context. + +They are the story of how Kenny became Darth Mayo, and are meant to be entertaining stories based on real events, though they are sincere and genuine parts of my personal Ultimate Wargame theory. Because of how these theories have developed, I want to maintain a more distinct distance between the content based on facts and research and the content that weaves fantastic stories out of them. + +If you like James Bond or Tom Clancy, I think you’ll enjoy the next bits of speculative historical fiction. First up, [we’ll head to Seaworld](https://www.reddit.com/r/Superstonk/comments/o5ufp7/for_those_saying_white_square_capital_didnt/) by way of Catalonia and dig even more deeply into Kenny's supervillain weakness. + +Coming soon, + +Blanderson +Hi AusFinance wisdom, + +Posting on a throwaway, but long story short my partner has lots of BNPL and some small loans and a long history of them. + +I was using her computer for something and she had her email open and one of the first emails was a new BNPL account. Not much further down were some failed BNPL payments. + +Shame on me for scrolling but I didn't have to scroll far or at all to find some peculiar items. Now I believe the failed payments are because they are attached to a debit card with purposefully little money in it. But more concerning is the number of times she has failed to pay her phone bill (which is also a stupidly high amount). + +I am not so concerned with the BNPL, but we earn similar salaries and we have taken on a lot of expenses lately due to moving in together, and I've had to dip into savings myself and am feeling the pinch. But never felt the need to apply for loans. + +And throughout the time we've been dating, money has seemingly been no issue whatsoever. $100 on a dinner here, $100 sport/show tickets there. Now I'm worried she was funding our dating lifestyle and her moving in expenses with debt. + +A lot of emails in the inbox are shopping related so no doubt she is a shopaholic and I kinda knew this myself, I just didn't know it was potentially funded with debt. + +She has had a history of personal loans and payday loans through Jacaranda, Cigno and Cash Train. And she is applying for these while having other debt outstanding, one provider even queried about her other loan. + +One Jacaranda loan was for car finance which looks paid down, but in the past there are repeated instances of $300, $500 small amount credit contracts. One $300 loan ended up having about a $200 interest charge, and one $500 about $300 in interest. + +She appears to have paid all of them off, or very close to, but just a few of those 'failed payments' which I hope are linked to a purposefully low-balance debit card caught my attention. + +She has suggested having a pooled savings account in the past - I was iffy on it then and it's an absolute no-go now. + +Thing is I love her, and I'm not angry or sad, more just curious, and as a relatively financially savvy person myself I want to make sure our financial 'health' is aligned. + +I'm also worried if we apply for a house together it will all be in the spotlight and I'd hate for her credit score to be ruined, and for her to find out the hard way. Basically I'm wanting to save that embarrassment and shore ourselves up for getting a home loan in future. + +\> How should I bring this up? I've been thinking of saying 'Hey let's do a budget', which she has said she might need my input on in the past. This might sniff out some other debt in a positive/constructive way but I'm also worried if she makes no mention of any loans or denies having had any. + +This is completely overstepping the boundary but part of me wants to run a credit check on her to get the full debt picture but that can't happen. + +TL;DR: Partner has racked up lots of BNPL and personal/payday loans. How to bring up in constructive fashion now before relationship progresses further/we apply for a home loan. +I want to test the recent comments: "1% interest rise will drop house prices by 30%" + +It is like a poll. Please choose an interest rate rise, and an emotion + affect: + +Eg. + +1% = not happy. Less takeways. +2% = nervous. Need a second job or something +3% = scared. We'll be on the streets. + +Thank you. + +**Conclusion:** it's been less than 24 hours, but the cocensus is, everybody is quite insulated from a 3% rate rise. +Howdy folks, + +I'm strongly considering buying a condo. I could buy this condo with a 3.25% 15y mortgage. I could also sell some stocks and buy it for cash. Ordinarily, I'd never consider paying cash with such a low interest rate, but having it paid for would be a huge comfort for me. I'm not a market timer, but I do believe that both stocks and real estate are getting rather ... frothy. This brings to mind Greenspan's '97 'Irrational Exuberance' speech (granted equities went on to run for another 4 years). + +Having said that, I don't expect that either are terribly good investments right now, but I'd consider this condo a place to live, not an investment. I fully expect that equities will experience a major recession in the next few years, and I doubt real estate will have any real growth to speak of. Even so I feel drawn to it, just to be debt free. I also want the ability to direct more of my money towards buying stocks on the cheap *during* the next drawdown. + +Is owning a paid off house part of your FIRE strategy or am I being dumb for wanting to buy outright when interest rates are so low? +It’s basically an interview with Wade Pfau on the 4% rule and the sequence of returns risk: + +Re­tir­ing dur­ing a mar­ket down­turn and soar­ing in­fla­tion can feel like sail­ing into the wind in­stead of the sun­set.  + +The mar­ket’s per­for­mance in the first few years of re­tire­ment can have a big im­pact on how long a nest egg lasts, partly be­cause losses take a big­ger bite out of a port­fo­lio when it is typ­i­cally at its largest, ad­vis­ers and econ­o­mists say.  + +Of course, it isn’t al­ways pos­si­ble to time your re­tire­ment to co­in­cide with a bull mar­ket. + +But those near­ing re­tire­ment right now can take some com­fort in re­search that shows that even peo­ple who re­tired in the worst time to do so since 1926 would have made their money last 30 years by stick­ing to cer­tain rules. As the sto­ries of the four re­tirees The Wall Street Jour­nal pro­filed this week show, even those who re­tired in 2008 have done fine pro­vided they man­aged their money well.  + +Neg­a­tive re­turns at the start of re­tire­ment, when a port­fo­lio is usu­ally largest, cre­ate a prob­lem be­cause the com­bi­na­tion of mar­ket losses and with­drawals can leave a port­fo­lio too de­pleted to last decades. + +“The five years af­ter re­tire­ment are a piv­otal pe­riod for de­ter­min­ing a sus­tain­able life­style in re­tire­ment,” said Wade Pfau, a pro­fes­sor at the Amer­i­can Col­lege of Fi­nan­cial Ser­vices in King of Prus­sia, Pa., and au­thor of “Re­tire-ment Plan­ning Guide­book.” + +Con­sider a 62-year-old who re­tired on Jan. 1 with $1 mil­lion and is fol­low­ing the 4% rule to de­ter­mine how much to spend in re­tire­ment. (Such an ap­proach, which has been ques­tioned re­cently, calls for spend­ing 4% of a bal­ance in the first year of re­tire­ment and ad­just­ing that amount in sub­se­quent years to ac­count for in­fla­tion.)  + +Af­ter tak­ing the first an­nual with­drawal of 4%, or $40,000, the in­vestor would have $960,000 left. With a 15% loss in the first year, the bal­ance would fall to $816,000. Two more years of sim­i­lar with­drawals and 15% losses would leave about $527,000 to last po­ten­tially for decades. + +By con­trast, a 62-year-old who re­tires with $1 mil­lion and ex­pe­ri­ences 15% an­nual gains would have about $1.36 mil­lion af­ter three years of $40,000 with­drawals. + +De­spite the mar­ket’s im­por­tance in early re­tire­ment, his­tory shows that the port­fo­lios of peo­ple who re­tire in down mar­kets can re­cover. + +Thanks to the long bull mar­ket and low in­fla­tion that fol­lowed the fi­nan­cial cri­sis of 2008, some­one with 50% in stocks who re­tired with $1 mil­lion on Jan. 1, 2007, and spent $40,000, ad­justed an­nu­ally for in­fla­tion, would have had about $874,000 left af­ter two years, but would have about $1.63 mil­lion to­day. + +“As long as you didn’t panic and sell your stocks in 2008 you’d be do­ing fine to­day,” said Mr. Pfau, who crunched the num­bers for a port­fo­lio with 50% in U.S. large-cap stocks and 50% in in­ter­me­di­ate-term U.S. gov­ern­ment bonds. + +An­other les­son for re­tirees con­tend­ing with losses is to cut spend­ing if pos­si­ble, since “if you’re over­spend­ing from a port­fo­lio that is si­mul­ta­ne­ously dwin­dling, that just leaves less in place to re­pair it­self when the mar­kets even­tu­ally re­cover,” said Chris­tine Benz, di­rec­tor of per­sonal fi­nance at Morn­ingstar Inc. + +The worst 30-year pe­riod in which to re­tire be­gan in the late 1960s. Those who re­tired then were clob­bered with back-to-back bear mar­kets that started around 1969 and 1973, plus years of high in­fla­tion. These fac­tors caused many to drain their nest eggs faster than they would have oth­er­wise, al­though many in that era were able to fall back to some ex­tent on tra­di­tional pen­sion ben­e­fits. + +If mar­kets slide and in­fla­tion re­mains high for the next cou­ple of years, as some econ­o­mists have pre­dicted, Mr. Pfau said it could cre­ate “the per­fect storm,” leav­ing in­vestors with a choice be­tween with­draw­ing more from a shrink­ing port­fo­lio or cut­ting spend­ing to try to pro­tect their nest eggs even as prices rise. + +Here are steps re­tirees can take to im­prove their odds of mak­ing their money last: + +Cut spend­ing when mar­kets de­cline + +The 4% rule would have pro­tected re­tirees from run­ning out of money even in the worst 30 year pe­riod since 1926 in which to re­tire, which turned out to be from 1966 to 1995, ac­cord­ing to Mr. Pfau. + +For cur­rent re­tirees, Mr. Pfau rec­om­mends for­go­ing in­fla­tion ad­just­ments fol­low­ing any year in which your port­fo­lio in­curs losses. + +“A very small change in spend­ing can have a dra­matic ef­fect,” said Mr. Pfau. + +For ex­am­ple, some­one who re­tired in 1966 and stuck to the 4% rule would have run out of money af­ter 30 years. But by spend­ing 3.8% to start in­stead, the in­vestor would have pre­served most of his or her orig­i­nal nest egg by year 30, he said. + +Man­age volatil­ity + +Peo­ple en­ter­ing re­tire­ment of­ten have 40% to 60% or more in stocks to help their nest eggs grow. + +A 2014 study by re­searchers in­clud­ing Mr. Pfau finds that those who start re­tire­ment by re­duc­ing their stock­hold­ings to 20% to 30% of their port­fo­lio and then grad­u­ally push it back up to 50% to 70% in stocks have the high­est prob­a­bil­ity of mak­ing their money last 30 years us­ing the 4% spend­ing rule.  + +Those who take a dif­fer­ent ap­proach, ta­per­ing stock­hold­ings from 60% to 30%, are likely to run out of money af­ter 28 years in the worst-case sce­nar­ios, ac­cord­ing to the re­search. + +Freelink: https://www.wsj.com/articles/when-best-and-worst-times-for-retirement-11661816598?st=7j8e5xbcjicz3ok&reflink=desktopwebshare_permalink +I have been in a homeless shelter in NYC for almost 18 months now due to domestic violence involving my mother and sister. But I have always lived within my means and found that my mother was somehow using my credit. Credit, bank And tax fraud. But nothing has been done in spite of me raising awareness. A whole lot of drama with them. I am not getting anywhere fast in the shelter system. I work full time at the new NYC $15 minimum wage. Have the Self, Credit Karma and Credit Sesame apps. But this could take another three months to build my credit + +I'm not going to stop trying to build credit but was interested in trying to get a loan for an apartment lease. I tried some online sites where they are supposed to compete, but the all say they have no lenders in that range and peer to peer have much higher Fico scores just to be considered. + +I don't want a hard pull just when I am trying to build credit. Any suggestions on how I may be able to get a loan now? I have the income to afford a high interest monthly payment. Any suggestions or examples. +I’ve been thinking about all the ways you could have found the necessary passwords to get into my computer and actually be using it overnight. None of them too easy. You put some pieces together in a pretty clever way and worked around my many accounts with 2fa. You maybe even had privileged access to something in order to get my credentials including multiple passwords. Or maybe I was just galactically stupid and it wasn’t that hard afterall. Anyway. Wow.. Seriously, Kudos. + +Funny story: you would have had more time browsing my computer & email (I saw you searched my gmail for “bitcoin”) before I killed the connection if you woudn’t have accidentally un-paused the TV episode my wife had paused before we went to bed. We heard the noise of a show across the house and got up. You had already gotten my wallet backup file though, you were quick, but I suppose you would have found much more given time. + +The funds were comprised of wedding gifts and a not-insignificant portion of my salary invested over the past year.. and some hobbyist mining. This one really hurts.. like I got punched in the gut and betrayed by a friend. + +To be sure you have the right person: Here are the 2 tx’s where you emptied my wallet + +https://blockchain.info/tx/b90e41c6740f3a9fb9419e446deaa30b3183b4ca854fadf8dd441daad135b42f + +https://blockchain.info/tx/5ae9903150beb1928ab63eb7362507a4ae7334642cbaa904f6d8e1ba7c773770 + +Here’s a signature of the title of this reddit post from one address from that wallet: 12V4dq4Y3sMk1WUmQSuiCA5wK8RPWAwMw7 + +HM+X0sKK7dWc1p5nesQxU96YQcMdQnOwbY+uBs6i+WM7v0wH7NuaiKc/LdoVfFypvgqN7OwdVdg/qqGHFJGoUF8= + +Here are the 2 addresses you sent the coins to. (not there anymore) + +https://blockchain.info/address/1AeaZr5d52sz8Ztcq6NL6bjxinEPzf3hrt + +https://blockchain.info/address/1Pu51bwzxtw75ETWdY1YCaCvxFqu3d1nA7 + +And, here’s where you can return funds to me (some or all are much appreciated): + +18MecUVBiwLqqVgHqK44HNXe2CUvapuNyA + +Thank you so much.. AND. Thank you for the life lessons. They are well learned. + +Sincerely, + +Well, you know who I am.. + + + +edit: +**Summary of lessons learned** + +* Remote Control solfware (i.e. TeamViewer) does not belong on a computer where you may have browser windows open or important files. +* For God's sake do not re-use common passwords for such a thing as remote control software, and Bitcoin wallet encryption. +* STOP having Blockchain.info send wallet backups via email - they are not 2-factor protected. +* Use Paper *offline* Wallets for significant amounts of Bitcoin -not tomorrow, not next month. Start immediately. +* Have a scheme for keeping only a little BTC online, with the rest offline. +* Look into Trezor + +edit: **BTC-e is the exchange** someone has identified as where my funds went. Any tips on contacting them or do you think they would cooperate? https://www.reddit.com/r/Bitcoin/comments/2mt0bu/if_you_are_the_hacker_who_was_using_my_computer/cm7dgvu + +edit: Thanks to whoever you are that sent some bits my way. Your support is appreciated. + +edit: **Blockchain.info changed the email setting** for new wallet signups just today - [they no longer will send email backups unless you opt-in](https://www.reddit.com/r/Bitcoin/comments/2mt0bu/if_you_are_the_hacker_who_was_using_my_computer/cm84osx). +Why would the complicit MSM start backing us now, on Zero news from Gamestop, just some twitter posts? My fucklery sense is tingling ... but I love me some AH rips! Been too long! (March anyone?) + +Control those tits Jaque ... stay frosty. Buy Hold DRS. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🌕 +Here's my situation: + +My lease is up at the end of May, so I have been doing some car shopping recently. I came across a 2010 Audi A4 Avant w/ 60k miles for $13k, and with my expensive taste in cars, jumped on it, and paid cash. I'm now freaking out because although it was a GREAT deal (I could probably get 15k for it), I feel like I was too trigger happy and spent more than I should have on a car. + +Current savings & expenses: + +Liquid assets (checking, savings accounts etc) - $20k + +Yearly pretax income - $47k + +Rent - $550 (includes utilities) + +Food etc - $250 per month + +Insurance - $100 per month + +I know I am in a good position, as I am one of the few 24 year olds I know that does not have any student debt. What do you all think of my decision here? + +I hated paying for a lease, as I was just paying to borrow something, so my train of thought is that although the car may depreciate a little, it will still hold value enough for me to save more money than if I were to lease. + +Would you suggest that I look to sell the car and buy something cheaper ($7k perhaps)? + +Thanks in advance! + +Has anyone here bought a private island? + +There are a few for sale at e.g. https://www.sothebysrealty.com/eng/sales/int/private-island-type or https://www.privateislandsonline.com/ but it seems that despite the obvious romance of the idea, the practicalities would be daunting. + +Obvious issues to check are: + +* boat/air access to civilisation +* power generation +* clean water +* accommodation +* availability of full-time staff and contractors +* extreme weather event history and prediction given changing climate +* legal/political/financial stability of the state where the islands are located (creating a new private state on an island is probably impossible!) +* how to structure the purchase financially + +but I imagine there are many others - planning/zoning permits, subtleties around legal title, potential for subletting for tourism, restrictions on other commercial uses e.g. as a base for commercial diving/snorkelling, etc. + +I'm not seriously considering buying an island at this stage; I'm just slightly chubby but it is perhaps a nice motivator to become truly obese. + +Perhaps renting a few private islands is a good way to learn - any recommendations? +I am in my mid-twenties and was fortunate to experience an IPO recently which shot my equity to \~$3M (touched $4.5M at peak stock price). About $1.5M worth of stock options are exercised and if I move out of California, I can save some taxes (comes to about **\~$150k-$200k in tax savings** over time). This savings amount can increase with raise in stock price in future. + +I am bullish and intend to hold my equity for at-least next 1-2 years. I am looking to relocate to either **Seattle, WA** or **Austin, TX.** + +\-------------------- + +**Conditions:** + +Seattle - Pay will have no change (future raises/promotions may see a correction) + +Austin - I will take a 10% reduction in base salary and future raises/promotions will be adjusted as well. + +TC is expected to remain at-least $500k for the next 2 years and may see a sudden drop to about $250k + +\--------------------- + +I have consulted with tax advisors and they say the savings are possible. However, they cannot help me with some personal questions like:- + +**- Which no-tax state to move to?** + +**- Will the move be profitable in the long term?** Yes, I get an upfront tax benefit by moving out of California but over time, the new jobs in the new state may pay less and the tax saving will eventually even out (or worse, will be a loss in the long term) + +**- When is the right time to move?** Now or wait for a year? + +**- Am I ridiculous** to spend so much of my energy in thinking about tax savings instead of focusing on gaining more skills and increasing my income? + +\----------------------- + +I feel too young/confused to even decide what exactly should I focus on, increasing net worth? dating and getting a GF? family-planning? living the bachelor life and not optimizing for money? + +Looking for help (get some clarity) from some experienced folks :) + +Thanks in advance <3 +**SOLD OUT!** + +SNT will become tradeable (and therefore withdrawable!) June 28th at 11:45:21 AM UTC. + +**The sale starts at 0 SNT/ETH and takes 2 hours just to get to 10x the ICO price of 1000 SNT/ETH. Do not send ETH without first carefully reading through and understanding my post. You have plenty of time. [One user sent 40 ETH on the first block.](https://etherscan.io/tx/0x653f6b6fb52e20cbaa571abd9b6c768a753b482306db00bb8ca2257add6f3453) I spoke with him to make sure he now understands how the system works before I refunded his ETH. Please learn from his mistake.** + +My [primary Dutch auction contract](https://np.reddit.com/r/ethtrader/comments/6ip2vg/trustless_snt_selling_contract/) sold out within a few minutes of [Vitalik tweeting about it,](https://twitter.com/VitalikButerin/status/877837756742778880) but fortunately I planned ahead and made [a backup Dutch auction contract](https://etherscan.io/address/0x5adce2c8e78ca9102af302eab5937f7cefb0a266#code) containing 291,115 SNT (Status Network Token) and set it to start 5,000 blocks (a little less than a day) after the first. The backup contract is otherwise identical. It's also the last one, so if you miss this too, you'll have to wait a week for Exchanges. + +My backup Dutch auction contract starts out on block 3,915,001 (~9 hours after this post was made) selling at 2 SNT/ETH and raising that by 2 SNT/ETH every block (so around 400 SNT/ETH per hour). It'll take almost a day to reach the ICO price, so there should be plenty of time for everyone to get in before it sells out. You can check the [current Block Number on Etherscan](https://etherscan.io/) and calculate the current SNT/ETH ratio as **2*(block - 3915000)**. Here's a useful table: + + Block Number Approximate Time (UTC) SNT/ETH + ̶ ̶3̶9̶1̶5̶0̶0̶0̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶J̶u̶n̶e̶ ̶2̶2̶n̶d̶ ̶-̶ ̶2̶2̶:̶0̶0̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶0̶ + ̶ ̶3̶9̶1̶5̶5̶0̶0̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶J̶u̶n̶e̶ ̶2̶3̶r̶d̶ ̶-̶ ̶0̶0̶:̶3̶0̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶1̶0̶0̶0̶ + ̶ ̶3̶9̶1̶6̶0̶0̶0̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶J̶u̶n̶e̶ ̶2̶3̶r̶d̶ ̶-̶ ̶0̶3̶:̶0̶0̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶2̶0̶0̶0̶ + ̶ ̶3̶9̶1̶6̶5̶0̶0̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶J̶u̶n̶e̶ ̶2̶3̶r̶d̶ ̶-̶ ̶0̶5̶:̶3̶0̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶3̶0̶0̶0̶ + ̶ ̶3̶9̶1̶7̶0̶0̶0̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶J̶u̶n̶e̶ ̶2̶3̶r̶d̶ ̶-̶ ̶0̶8̶:̶0̶0̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶4̶0̶0̶0̶ + 3917500 June 23rd - 10:30 5000 (2x ICO price) + 3918000 June 23rd - 13:00 6000 + 3918500 June 23rd - 15:30 7000 + 3919000 June 23rd - 18:00 8000 + 3919500 June 23rd - 20:30 9000 + 3920000 June 23rd - 23:00 10000 (ICO price) + 3920500 June 24th - 01:30 11000 (sub-ICO) + ... ... ... + +[Current UTC Time](http://www.worldtimeserver.com/current_time_in_UTC.aspx) + +To buy SNT from my contract, all you have to do is wait until the time corresponding to the price you're willing to pay and send my contract the amount of ETH you want to buy SNT with! You can then withdraw your SNT at any time after they become tradeable (i.e. 1 week from now) by sending my contract 0 ETH. + +You can make multiple purchases and my contract will just add them to your balance, so I encourage you to test out my contract with a small amount of ETH first. You can check your balance (in SNT Wei) at any time by plugging the address you purchased from into the [Read Contract section on Etherscan.](https://etherscan.io/address/0x5adce2c8e78ca9102af302eab5937f7cefb0a266#readContract) This tells you the amount your address will be able to withdraw when SNT becomes tradeable. + +I recommend using **80,000 gas and a gas price >21 GWei**. And please **only send ETH from a wallet you own the private keys to**; sending from an exchange will likely lose you your ETH! + +You can check how much of my contract's SNT has already been sold by looking in the [Read Contract section on Etherscan](https://etherscan.io/address/0x5adce2c8e78ca9102af302eab5937f7cefb0a266#readContract), finding the value of the "total_snt_claimed" variable and dividing it by 10^18 (to convert from SNT Wei to SNT). The number of tokens that are still available is the amount of SNT in the contract minus the amount sold so far. + +Let me know in the comments if you have questions or need clarification! + +**Contract Address:** 0x5ADCe2c8E78cA9102af302eAb5937F7CEFB0a266 + +**Source Code:** https://etherscan.io/address/0x5adce2c8e78ca9102af302eab5937f7cefb0a266#code + +**SOLD OUT!** + +Edit: Withdrawals are live! I recommend using 200,000 gas. + +Edit2: /u/j1mmie posted a screenshot of his [successful withdrawal settings using MEW!](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/djio2hh/) +Am I making a huge mistake? I feel like in the worst case scenario, I've just frozen up a lot of money for a few months. I really hope not though. I have a casino feeling that the end of Q1 will bring me a smile. + +Anyone have any more solid facts on it? Such as upcoming dates that will have eth catch up...? +UPDATE: as of opening, I am now down 20%. Let's goooo! +UPDATE 2: Almost midday, we down bad guys + +I could have gained an easy 3.5k+ on my small account since February. I started with around 1k. However my dumbass just never takes profit. I'm up on a position like 25-35%+ in a day or two after opening them, but I'm always too greedy and never take profits and end up losing money. + +I rack like $50-75 in day easy with an investment of less than $300, but no. I want to be a millionaire tomorrow. + +Starting tomorrow I promise i will take profits and see how much my account grows in one month. + +Question: I bought an amd call today exp 7/09 strike 96 bought at 1.03 and are currently 1.42 im up already 37% should I hold considering i have another week? This is my main problem, I open positions and then a couple days later I'm up over 30% however DTE are over 21 days, usually a month out +Do I hold the option a bit longer or just sell it. This is probably why i don't take profits because im up nicely yet I still have a lot of time left. +I'm in a situation where my current employer asked for three weeks notice instead of two, so I had to tell my new employer I wouldn't be able to start for three weeks. + +I was extremely worried about asking for three weeks instead of two at first, but a lot of people have told me it was extremely common that people ask for three weeks instead of two, and secretly only give two weeks notice with the intention of having a week between jobs off. + +My new employer was totally cool with it, and my old HR manager even said it looks good to the new company that I'm helping my manager out. But I wasn't sure it was that common. + +EDIT: Now I'm super bummed I didn't ask you guys for advice first before giving them a start date. Good thing is this new company has unlimited pto, so maybe in a few months, I can take a day or two off. And I'm definitely going to plan a vacation later this year. +Q1 2021 Results + +* Revenue was $3.45 billion, up 93 percent year-over-year and 6 percent quarter-over-quarter driven by higher revenue in both the Computing and Graphics and Enterprise, Embedded and Semi-custom segments. +* Gross margin was 46 percent, flat year-over-year and up 1 percentage point quarter-over-quarter. The quarter-over-quarter increase was driven by a greater mix of Ryzen™, Radeon™ and EPYC™ processor sales. +* Operating income was $662 million compared to operating income of $177 million a year ago and $570 million in the prior quarter. Non-GAAP operating income was $762 million compared to operating income of $236 million a year ago and $663 million in the prior quarter. Operating income improvements were primarily driven by higher revenue. +* Net income was $555 million compared to net income of $162 million a year ago and $1.78 billion in the prior quarter, which included an income tax benefit of $1.30 billion associated with a valuation allowance release. Non-GAAP net income was $642 million compared to net income of $222 million a year ago and $636 million in the prior quarter. +* Diluted earnings per share was $0.45 compared to diluted earnings per share of $0.14 a year ago and $1.45 in the prior quarter, which included an income tax benefit that contributed $1.06 to earnings per share. Non-GAAP diluted earnings per share was $0.52 based on a 15 percent effective tax rate compared to diluted earnings per share of $0.18 a year ago and $0.52 in the prior quarter. Prior periods had a 3 percent effective tax rate for non-GAAP results. +* Cash, cash equivalents and short-term investments were $3.12 billion at the end of the quarter. + + [AMD Stock News: Chipmaker Smashes Q1 Sales, Earnings Estimates | Investor's Business Daily (investors.com)](https://www.investors.com/news/technology/amd-stock-news-chipmaker-smashes-q1-sales-earnings-estimates/) +>China’s plans to bolster growth as Covid outbreaks and lockdowns crush activity will see a whopping $5.3 trillion pumped into its economy this year. +> +>The figure -- based on Bloomberg’s calculation of monetary and fiscal measures announced so far -- equates to roughly a third of China’s $17 trillion economy, but is actually smaller than the stimulus in 2020 when the pandemic first hit. That suggests even more could be spent if the economy fails to pick up from its current funk -- a [possibility](https://www.bloomberg.com/news/articles/2022-05-18/china-has-enough-policy-room-for-economic-challenges-li-says) raised by Premier Li Keqiang earlier this week. +> +>Bloomberg’s calculation of financial support pledged so far for 2022 amounts to 35.5 trillion yuan. On the fiscal side, we’ve added China’s general budget expenditure with the amount of money issued through local government special bonds and tax and fee cuts. Monetary policy support includes hundreds of billions of yuan in liquidity unleashed by the People’s Bank of China through policy loans, cuts to reserve ratios for banks, as well as cheap loans to help small businesses and green projects during the pandemic. + +Stock futures are up! + + [China’s Stimulus Tops $5 Trillion as Covid Zero Batters Economy - Bloomberg](https://www.bloomberg.com/news/articles/2022-05-19/china-s-stimulus-tops-5-trillion-as-covid-zero-batters-economy) +[https://dqydj.com/average-median-top-net-worth-percentiles/](https://dqydj.com/average-median-top-net-worth-percentiles/) + +Surprised that the top 1% net worth hasn't increased much since 2016 (11.075 million -> 11.099 million), despite the bull market from 2016-2019. Thoughts? +I have a CPA quoting me $10-15k for tax planning. My wife and I are W-2 employees. He's offering helping us get into tax favored investment strategies that should save us at least $100k in taxes every year. He mentioned conservation easements and solar investments as examples. It seems like a pretty steep fee and thats our main hesitancy so wanted to see if that like the standard cost for something like this. +Do any FatFire members with Vanguard accounts remember how long their service level (to "Flagship Select") took to upgrade after hitting $5 million? Did you contact Vanguard or wait for them to upgrade you automatically? + + +Vanguard apparently limits access to certain funds to Vanguard Select, and provides 100 commission free trades a year (stocks are $0/trade, but options are not). +I'm 60 years old, broke ass bartender for 40 years. Been in Crypto, buying what I can afford on my shit wage and tips for 3 years. Haven't sold any but occasionally swing trade some alts for BTC. Got an OK bag now, although I've taken a haircut like most lately...but it has basically doubled my compulsory Superannuation savings ( Australia). My plan is not to cash out but set up a crypto based pension by staking with a reputable platform like Blockfi etc. and then move to a cheaper country with a good lifestyle to offer. +Any other Boomers out there with similar ideas, plans or advice? +Hey guys! + +Long time BTC holder here and pretty new to Reddit. + +Sold a small chunk of my portfolio at ATH and made a killing compared to what my initial stake was, and yes should have sold it all at ATH and bought now. If someone has a crystal ball, tell me where I can buy one! + +Anyways, I just wanted to share that today I bought BTC for my daughter, from some of my fiat from my “winnings” + +I hope BTC becomes what it has the potential to be one day, then it’ll be an awesome start to her adult life. I have to figure out conditions though, I don’t want her partying it away. + +And no, this is not an April fools joke! I’d just like to share our story, me and my wife are pretty exited about it! + +PS: I’m not a native English speaker, so pardon if there are any spelling mistakes. + + +Edit; Lockdown! +Edit2; thought I’d also mention that we will do other investments for our daughter also. We set aside a fixed amount from our salaries every month! +Lets say APPL is currently at $90 a share. I buy June 10th strike price of $100 because I think APPL will be worth $100 by then. + +If On June 10th I the stock is at $100.50/share and I purchase 10x100 contracts do I make 10.50 a contract? Since I knew that stock was going to be up to $100 buying it at $90? If not can someone please explain how it works? thank you. +I have been tracking my own spending since I started my career in 2011. [This is a snapshot of my spending](https://imgur.com/gallery/5Vb0TmY) over the last 9 years. [Here’s the latest version of the spreadsheet]( https://drive.google.com/file/d/1rgtAVP1YQeONdLE5jqmiOLlzUCiwMhzA/view?usp=sharing) I made to keep track of my spending & investing and [here are some instructions for how to make your own tracker.](https://imgur.com/a/p6y9Z) + +Shout out to all the people who have helped me debug and improve this spreadsheet over the years. Your continued feedback/encouragement/support makes me very grateful to contribute to this wonderful community. Cheers and see you again next year! + +FAQ: +- *Job?* Active Duty US Space Force Officer & Astronautical Engineer + +- *Age?* 32 + +- *Education?* Completed ~7.5 yrs of college. Undergraduate with $60k debt paid off in 37 months. Funded everything else with scholarships. Master of Science in Astronautical Engineering, Bachelor of Science in Mechanical Engineering, Graduate Cert in Systems Engineering, MIT Internship, misc. professional certs in Engineering, Science & Technology Management, Program Management, leadership, etc. + +So basically I have zero professional experience or accreditation in finance so please take what I say/do with grain of salt. My ROI proves I'm not a successful investor yet. + +2019 GOALS I PRESENTED LAST YEAR: + +- Invest 45% of my net income. (success, invested 50%) + +- Spend 25% of my net income on recreational/fun activities. (success, spent 25% on recreation) + +- Keep living expenses below 30% of my net income. (success, living expenses were 25%) + +- Lick my wounds and hopefully recover some of my ROI. (success, avg ROI increased from -37% to -1.5%) + +2019 YEAR IN REVIEW: + +- Net income after taxes was $92,073, essentially matching all-time high income in 2018. + +- I spent 50% of my 2019 net income on investments, bringing career average up to 30%. + +- I spent 25% of my 2019 net income on living expenses, bringing career average down to 35%. + +- I spent 25% of my 2019 net income on recreational expenses, maintaining 25% career average. + +- Highest single-year increase in net worth thanks to crypto market rebound, but I mostly just regained what I lost in 2018. + +2020 GOALS: + +- Invest $45,600 (~45-50%) of my 2020 net income. + +- Spend 25% of my net income on recreational/fun activities. + +- Keep living expenses below 30% of my net income. + +- Achieve positive career ROI of 10% or higher. + +Disclaimer: Everything here is original content. I’m cross-posting to r/financialindependence, r/dataisbeautiful and r/militaryfinance and others for maximum visibility. Everyone has my full permission to use/share/repost. +Everyday I see P/E thrown around on this sub like it is some gold standard of valuation. My particular issue is with using it to value growth companies (like this subs favourite BNPL companies of Z1P and APT) but also have seen it applied to banks and resource companies - often it is used in isolation. +This is extremely dangerous. I will try to keep this simple and this is not financial advice. + + +* **Let's start with the fact that valuation metrics alone are completely useless in isolation**. Implying that one company has a higher valuation metric than another does not mean that a company is over/under valued. You need to view it conjunction with a whole suite of things like ROE, ROCE, management team, margins etc etc. Saying that ABC is overvalued to ZYX is meaningless based on a singular metric alone + +* **Banks & Resources & Price to Book (P/B)** Keeping it simple let's start with. P/B is simply the price to book value of equity (which is book value of assets - book value of liabilities) +This is typically used for companies / industries that are capital intensive such as financial services, resources, and manufacturing, as there assets are the primary drivers of value. + + +* **Price to Earnings** Moving on to my main issue with this sub is that everything is valued using P/E. I can't even count the amount of times i've seen "XYZ isn't even profitable. It's definitely over priced' . Or "ABC has a P/E of 400!?? How could you possible even think about purchasing that right now!!?" +P/E again, IMO, is becoming less and less relevant everyday. **It's typically used for mature companies with stable cash flows, expenses, and stable earnings**. It is completely useless for new or growing companies. Many of these growth companies deliberately choose to remain unprofitable. Let's take a look at [Afterpay.]( +https://imgur.com/a/DdNbU0L) + + +Looking at their operating expenses we can see they have increased significantly over the prior years. This looks bad and you might think APT can't turn a profit. But digging deeper we can see that majority of this increase in expenses is related to [marketing](https://imgur.com/a/Kowo2Yu) + +APT chooses to remain unprofitable by investing in SG&A and funding growth. This incredibly common but most tech companies. They are unprofitable by design. + +There are a whole host of other issues with P/E that I won't go into but googling can fill you in + +* **So how do we value these high growth companies?** + +**A common method is Enterprise Value to Sales(either current or forward) (EV/S)**. +If you look at sell side reports this is the most common metric for high growth stocks. +Its a measure of how much it would cost to purchase the company in terms of it's sales. It's generally preferred over price to sales as it factors in debt. + +EV/S metric varies greatly by country and sector and generally a measure of how much sales are expected to grow. If sales have been growing 50% YoY then a high EV/S may be justified and the stock may be priced fairly. But again, it shouldn't be used in isolation and only to compare across peers. + +**TLDR** + +* Stop using P/E for everything. Other metrics exist + +* These metrics shouldn't be used in isolation + +* Companies can and do choose to be unprofitable + +* A company can be overvalued and still deliver fantastic returns + +* A company can be undervalued and still blow up your portfolio + +* Qual research is just as important as quant research +I often read posts / comments from people who talk about the stock market as if it were an isolated entity. "It has some good years, it has some bad years, lately we've had good years, there will be bad years, too, but it always goes up over time." All of this is true. But I don't think you can look at the last 13 years or so and say that what we've seen is just business as usual. It's not. What we've seen the last 13 years has been entirely unprecedented and has basically been an experiment in monetary policy. + +I could make this a long post, but I'll try to make it as simple as possible. Take a look at the M1 money stock, which over the last 13 years, since the Global Financial Crisis, has increased significantly, and radically so since the Covid-19 pandemic. (Note that M1 money means "the most liquid portions of the money supply, containing currency and assets that either are or can be quickly converted to cash) + +[https://fred.stlouisfed.org/series/M1SL](https://fred.stlouisfed.org/series/M1SL) + +Also interesting to compare the S+P 500 to the M1 money supply: [1. post-2008](https://inukshukcapital.com/wp-content/uploads/2019/12/SP-500-vs-M1-Money-Stock-scaled.jpg), + +[2. since Covid-19](https://static.wixstatic.com/media/c08c52_b6b1a1d762ed46ef8503dc75f7fdfd22~mv2.jpg/v1/fill/w_744,h_475,al_c,q_90/c08c52_b6b1a1d762ed46ef8503dc75f7fdfd22~mv2.jpg) + +Finally, someone linked an article a few weeks back from an analyst who said we shouldn't be afraid of high rates, but rather low rates, because markets have always been at their worst when rates were low. This is obviously ridiculous, because that's like saying that we shouldn't be afraid of smoking, but rather chemotherapy, because incidences of cancer are always higher when people are on chemotherapy rather than when they are smoking. Well of course! Chemotherapy is the remedy to cancer. Just as low rates are the remedy to a market downturn. We would expect that low rates would correlate to market downturns, given that they are the tool we use to stimulate the economy when things aren't going well. + +Even so, the author of that article was using the period of 2009 to make his case (worst bear market in history also corresponded to the lowest rates). But you don't have to be a genius to see the correlation between low rates and stock prices, especially in the last decade: + +[https://d1-invdn-com.akamaized.net/content/pice484f31450a7fa148b4f1e431e64e1aa.png](https://d1-invdn-com.akamaized.net/content/pice484f31450a7fa148b4f1e431e64e1aa.png) + +Of course, there's also empirical evidence that this is the case: [https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=2941281](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2941281) + +In summary, I don't think you can talk about the stock market in isolation without considering the monetary policy that's fueling it, especially now given that monetary policy has been so dramatic and unprecedented. Doing so would be like saying "well bread is usually about $2.50 a loaf, that's gone up over the years but it tends to remain steady in the short to mid term". Of course, that's true in the USA. But in Venezuela such a statement wouldn't hold true. Not that the US is anywhere near Venezuela, and I'm not calling for hyperinflation or anything like that. But you have to remember that we're dealing with money here. Money is not something that holds value on its own, it depends on many other factors, not least of which is monetary policy. No reasonable discussion of prices, whether of goods and services or assets, is complete without taking into account monetary policy, especially given the nature of what's been going on the last decade. + +EDIT: M1 money stock jumped so significantly in May 2020 because of an accounting rule change. [Please see here](https://www.collaborativefund.com/blog/the-fed-isnt-printing-as-much-money-as-you-think/). Still, the charts I have presented that compare M1 to the S&P 500 do not take into account that change, thus the correlation stands. [See here.](https://www.ftschuyler.com/single-post/m1-money-supply-vs-s-p-500-index) + +EDIT 2: The chart I used could be a bit misleading. Here's a better one where you can still see a clear correlation: [https://inflationchart.com/spx-in-m3/?show\_divided\_by=0](https://inflationchart.com/spx-in-m3/?show_divided_by=0). +I’m new to this and have never experienced a company going from public to private. I read around and I see that apparently shareholders are supposed to receive a tender offer for him to buy our shares from us. Does this mean that no matter what price I buy it at, as long as it’s below 54.20 I will make a guaranteed profit? Is 54.20 the last price that twitter will be before it goes private? Do I have to actively sell it in my brokerage account or will I receive an email of some sort? Any info is helpful! +The cats out of the bag. Putting it back in seems damn near impossible. It’s a giant fucking mess now, and given the “too big to fail” theory presented in another post, it feels like the DTC figured that they’d create such a mess that it couldn’t be reversed and corrected. + +I can’t imagine the DTC would be bold enough…stupid enough…fucking criminal enough to perpetrate this level of international fraud AGAIN. + +We have plenty of room for another splivy. Anyone know if there’s a time limit on when the next one could be? + +Edit: for you sensitive apes out there, I’ve never seen this posted or suggested by anyone else or I wouldn’t have wasted the thumb power typing this shit out. + +I’m also not a fucking shill. I didn’t take the hostile takeover protection into account, but that makes total sense. Just because someone overlook a strategic possibility, doesn’t make it FUD or make them (me) a shill. + +I asked a question and flaired it as such. Get your diapers out of a wad and chill out. ✌🏼 +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! + +Before there can be a Flippening there has to be a Cleanoutening. +So many useless ICO's have been issued on the Ethereum blockchain. +The ETH tied up in these ICO's is being released on the market. +The flood of ETH is likely to cause a significant dip in ETH price relative to BTC. +But remain patient....... It will be bought up in style by some who have been waiting for this event. Maybe some investors in China waiting for this opportunity. + +When this is over, firmer hands will hold the ETH. + +Here is my prediction on next week's FUD. It's going to be SEC related either: + +1. SEC adds more regulation and people get scared, panic, and FUD is spread. + +2. SEC does nothing, but fake news reports something that's not true (similar to how some new articles posted that "Indians bans crypto" instead of "India bans illegal use of crypto". See what that 1 word difference does? + +3. FUD with people speculating what SEC will talk about in the hearing before the hearing + + +**This is 100% speculation, but based on three thing I found/ has happened today.** + +1. https://www.coindesk.com/sec-cftc-chiefs-set-senate-crypto-hearing-next-week/ + +2. https://cointelegraph.com/news/us-sec-cftc-to-focus-100-on-crypto-in-dedicated-hearing-next-week + +3. A pre-ico I was going to invest in just cancelled the entire pre-ico (refunding everybody) and just sent this email: + +"As you may be aware, the United States Securities and Exchange Commission has been active in the crypto space lately. The SEC is the main regulator for securities and offerings in the United States, and they have been trying to clarify their approach to token sales, which of course are a new construct whose treatment under securities laws is not clear. + +Last year, as we were designing the [Pre-ico name] presale, the SEC was taking a pretty hands-off approach. However, in the past few days they have issued some statements that are very concerning to the [Pre-ico name] team and its legal counsel. In particular, in this issuance, they suggested that a token sale simply constituted an unregistered offering of securities. The SEC has been generally taking a harder and harder stance about token offerings, and it has, in the past couple of days (i.e., after the token sale started), started to look like early-stage offerings like ours are particularly at risk. + +As you know, our goal has been to use the [Pre-ico name] presale as a springboard to continue to build out the platform in anticipation of an ICO a little later this year. With the change in the SEC’s regulatory perspective, we have become concerned that this goal is at risk. It wouldn’t help the company or the purchasers in the presale if regulatory authorities come in and shut us down in the middle of building out the platform, which would result in the loss of purchaser money and not much of a product to show for it. + +We want to ensure that our community members – you – are as secure as possible. Also, as you know, one of the foundational goals of [Pre-ico name] has always been to act in accordance with regulatory requirements, and this includes not only the platform but also the token. + +**Because of the SEC’s actions in the past couple of days, our securities counsel has advised us that the risk has greatly increased. We believe this risk is now at an unacceptable level, based on the way the company and token sale is currently structured.** + +To be clear, no regulator has contacted us, but the regulatory risk of our token sale has increased, and the last thing that we want is for your funds to be at risk due to the changing regulatory regime. + +Accordingly, we have determined to refund everyone their full amount of ether that they put into [Pre-ico name] and put the sale on hold until we can be certain, with the SEC, that any sale we have will meet all regulatory requirements in spite of the SEC’s changing positions. We will continue to build out the platform concurrently with this work. When we move forward with the sale, you will be the first to know, as we would love to continue to have everyone’s involvement at that point. + +Thanks again for your support. We plan to start refunding ETH immediately and will follow up directly with whitelisted purchasers shortly after sending out this email, but with everything that we have to do to put the sale on hold, it will probably take up to five business days to get everyone’s ETH refunded. + +**Why is point #3 important?** + +The pre-ico I was trying to enter has top tier lawyers from Harvard and other reputable institutions. They may have an educated guess on what may occur (there's no way they know, but they have experience and may be able to make a better educated guess). + + +**Be prepared to buy a possible dip next week. Again, I would like to point out that all this is speculation / predicting / etc; it will be interesting to wait for next week and see what happens**. + +So here's the brief backstory. Husband lost his job 2020 and wiped out all of our savings. He found a new job Jan 2021 that was full time. Pay was ok and enough at full-time. Recently they dropped his hours to 30 a week. Now, they are dropping them to 20 a week. We can not subsist on him working 20 hours a week. So I and my son both got part-time jobs, but they make less per hour and we both don't get enough hours to cover the drop. + +I have applied for assistance, but because I am "self employed" the snap office repeatedly refuses to do anything unless I show 4 months of pay stubs even though I work for myself and do not have pay stubs. In the past taxes sufficed. So we get zero assistance. + +How are we gonna make it? + +I pay for a doctor and medicine out of pocket. Food is all on our house. Everything is on us to provide... + +So my husband makes $15 an hour. I make a variable rate that lands anywhere from $18 an hour to $5 an hour and nothing is guaranteed pay wise. I average about $400 to $500 a month no matter how many hours I put in I noticed. I have a small child yet at home that is disabled, so I must have the flexibility to work 1099. If I could add different 1099 that was NOT internet based or phone based that would be great or that I could "set and forget" to actually make good money. (Like ebay or something, but I have nothing for ebay) + + My son makes $10 an hour, but works may be 10 hours per week. He was out of work for 10 days though recently, so will likely have no check for 2 weeks. (Also, side note, we use only half his pay and most of that goes to gas to drive him to and from work) We live rurally and there is no public transport. + +With all of us working, after taxes, it's a little shy of 2k per month of which our truck (payment and insurance...not gas, taxes, repair, or maintenance) is $650. I have tried to refinance...no dice. I have insurance shopped...nothing. My medicine and doctor is about $200 a month and more if I get sick. Our electric has been as high as $500 a month. Then water is $100 roughly and trash is $50 and internet used for work is $90. After gas and food and animal feed...we have zero in the bank or are in the red. I am so frustrated. + +I need to get the electric down...but our company has us listed as a business since my husband works at home even though we only use a computer and the phone line for one person like anyone else would. So frustrated...tips welcome. +&#x200B; + +[Banner Credit: u\/Substantial\_Diver\_34](https://preview.redd.it/pzgcvkj11qi91.jpg?width=4872&format=pjpg&auto=webp&s=b62c4955f903b7a28341d7aef855cda170881716) + +# Superstonk Weekly Digest | 8.15.22 - 8.19.22 + +*Busy week? No time to scroll for hours to catch up? We’ve got you covered. Introducing the Superstonk Weekly Digest! Your one-stop-shop to catch up on all of the week’s top news, DD, and yep, memes - all user generated content from this amazing community! Please share posts you think deserve to be included here in the comments! We will continue to update this post throughout the weekend.* + +***This week's post also contains some updates regarding the sub, scroll on for details!*** + +**Looking for the DRS Megathread? Here!** [**Computershare Megathread**](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +&#x200B; + +# This Week’s Top News + +&#x200B; + +# RC sells his entire BBBY stake + +***Please see below for a mod team update regarding BBBY posts.*** + +&#x200B; + +https://preview.redd.it/gez5b8u41qi91.png?width=1828&format=png&auto=webp&s=4df4a8f99cc13744a7e02fdf2c493578a67bdf31 + +**Source:** [https://www.sec.gov/Archives/edgar/data/0000886158/000092189522002496/sc13da313351002\_08182022.htm](https://www.sec.gov/Archives/edgar/data/0000886158/000092189522002496/sc13da313351002_08182022.htm) + +**Discussion Here:** [rc officially sold towel stock.. sensing big buy order coming, 🚀](https://www.reddit.com/r/Superstonk/comments/wrtqb4/rc_officially_sold_towel_stock_sensing_big_buy/) + +**Note from the Moderators:** + +Since BBBY was a topic the community wanted to explore due to RC’s connection, leniency was given to allow discussion. Since there is no longer a connection, we will no longer be allowing posts strictly about BBBY and treating it the way we do with other tickers: + +**DD and Speculation focused on GameStop while exploring potential connections is welcome, posts about other tickers are not.** + +**As a reminder of Rule 4: “$GME only. All topics must be related to $GME stock or GameStop the company.”** + +&#x200B; + +&#x200B; + +# Citadel Drops 13F: Nominal Value Down 94 Billion + +&#x200B; + +https://preview.redd.it/dznokm2b1qi91.png?width=1276&format=png&auto=webp&s=518545bf58b828957bf273f70f108eef2cb7d6dd + +**Source:** [All SEC EDGAR Filings for CITADEL ADVISORS LLC (secdatabase.com)](https://research.secdatabase.com/CIK/1423053/Company-Name/CITADEL-ADVISORS-LLC) + +**PDF:** [CITADEL ADVISORS LLC Form 13F-HR Filed 2022-08-15 (secdatabase.com)](http://pdf.secdatabase.com/2887/0000950123-22-009440.pdf) + +**Discussion Here:** [**Shitadel 13F Dropped** ](https://www.reddit.com/r/Superstonk/comments/wp9ubr/shitadel_13f_dropped/)| Credit: u/aws-adjustmentbureau + +&#x200B; + +# This Week’s RC Tweets + +&#x200B; + +***This sums up this section for the week:*** + +https://preview.redd.it/5pox2l3m1qi91.jpg?width=507&format=pjpg&auto=webp&s=5e78fce5ecdc149d4d125fc24a76cda23d4902b4 + +[Any minute🤨](https://www.reddit.com/r/Superstonk/comments/wr8pz6/any_minute/) | Credit: u/jacksdiseasedliver + +&#x200B; + +# This Week’s Top DD, Education & TA + +&#x200B; + +* [Citadel Securities Pulls a Fast One](https://old.reddit.com/r/Superstonk/comments/wprhuq/citadel_securities_pulls_a_fast_one/) | Credit: u/Conscious_Student_37 +* [CMKM and the "task force" that made allegations of brokers deleting shares](https://www.reddit.com/r/Superstonk/comments/wqofvi/cmkm_and_the_task_force_that_made_allegations_of/?utm_medium=android_app&utm_source=share) | Credit: u/platinumsparkles +* [For those ready to get back to THE stonk, here is an update on the BCG lawsuit against GameStop: TWO New Pertinent GameStop Filings!](https://www.reddit.com/r/Superstonk/comments/wrwj2n/for_those_ready_to_get_back_to_the_stonk_here_is/) | Credit: u/lawdog7 +* [Golden Cross FINAL UPDATE - Day of the Golden Cross](https://www.reddit.com/r/Superstonk/comments/wq40se/golden_cross_final_update_day_of_the_golden_cross/) | Credit: u/Lostcorpse +* [DORITO UPDATE - It's getting FUCKING SPICY above the Line of Hedgie NIGHTMARES!!](https://www.reddit.com/r/Superstonk/comments/wqlwyw/dorito_update_its_getting_fucking_spicy_above_the/) | Credit: u/BadassTrader +* [The hedgies are about to be locked in here with us, probably tomorrow (a lot of math)](https://www.reddit.com/r/Superstonk/comments/wrzxdr/the_hedgies_are_about_to_be_locked_in_here_with/) | Credit: u/jab136 + +&#x200B; + +# This Week’s Top Marketplace News + +&#x200B; + +https://preview.redd.it/qsg9zr3r1qi91.png?width=732&format=png&auto=webp&s=2696dd6247cabf82ecd4ac9708d1cefc838fb0cf + +* [v0.7.0 of the Gamestop Wallet Live](https://www.reddit.com/r/Superstonk/comments/wqusqv/taylor_jackson_gamestop_technical_product_manager/) | Credit: u/RyanCohenIsMyDad +* [GameStop NFT on Twitter about iOS vulnerabilities](https://www.reddit.com/r/Superstonk/comments/wrq25y/gamestop_nft_on_twitter_about_ios_vulnerabilities/) | Credit: u/The-Bodhii + +&#x200B; + +# This Week’s Top Memes + +&#x200B; + +https://preview.redd.it/ugi4lf9t1qi91.jpg?width=624&format=pjpg&auto=webp&s=b03ce5caa36838a2be114f2907b69c6187673d47 + +["Smart" Money must be glad 13Fs are done for another quarter!](https://www.reddit.com/r/Superstonk/comments/wpt8y0/smart_money_must_be_glad_13fs_are_done_for/) | Credit: u/Regon-Formal + +&#x200B; + +https://preview.redd.it/7dxi0ybu1qi91.jpg?width=666&format=pjpg&auto=webp&s=3d3522a8167847e98ad8169381c9cbe04748cfdd + +[At work, mildly amused.](https://www.reddit.com/r/Superstonk/comments/wpxnxl/at_work_mildly_amused/?utm_source=share&utm_medium=web2x&context=3) | Credit: u/Noderpsy + +&#x200B; + +https://preview.redd.it/ea9poniv1qi91.png?width=500&format=png&auto=webp&s=709997261b14171acc1927ede4285f68b860eca5 + +[His Clients will do Justice instead of SEC/DOJ. Will see](https://www.reddit.com/r/Superstonk/comments/wpri3o/his_clients_will_do_justice_instead_of_secdoj/) | Credit: u/gme2uranus + +&#x200B; + +# This Week’s Top Hype + +&#x200B; + +* [45% left to lock the float, everything else is just noise. STAY THE COURSE! THE MISSION HASN’T CHANGED! 🚀🌝](https://www.reddit.com/r/Superstonk/comments/ws8vja/45_left_to_lock_the_float_everything_else_is_just/) | Credit: u/SpaceHoppity +* [Hedge Funds and 13F filers JUST WENT NET-LONG GameStop options!!! Hell yeah!!! We're still waiting on a few more filers, but hot damn!!!](https://www.reddit.com/r/Superstonk/comments/wpanof/hedge_funds_and_13f_filers_just_went_netlong/) | Credit: u/Get-It-Got +* [WE HAVE THE GOLDEN CROSS, I REPEAT, WE HAVE THE GOLDEN CROSS](https://www.reddit.com/r/Superstonk/comments/wpv17m/we_have_the_golden_cross_i_repeat_we_have_the/) | Credit: u/RyanMeray +* [Austrian Financial Market Authority FMA (The Austrian SEC) confirms that Gamestop has done a split-as-dividend and instructs brokers to "deal promptly with customer complaints and inquiries" and "take appropriate measures if necessary"](https://www.reddit.com/r/Superstonk/comments/wnl9il/austrian_financial_market_authority_fma_the/) | Credit: u/madness_creations +* [Starfish - Golden Cross Theme](https://www.reddit.com/r/Superstonk/comments/wqlkj4/todays_the_daaaaaaay_buy_drs_hodl_behold_the/) | Credit: u/Pharago +* [The best investment to own in a market crash](https://www.reddit.com/r/Superstonk/comments/wpi8j0/the_best_investment_to_own_in_a_market_crash/) | Credit: u/PhantomBlack691 +* [We are being completely distracted from the real story of almost 55% of the free float being DRS.](https://www.reddit.com/r/Superstonk/comments/wrn75j/we_are_being_completely_distracted_from_the_real/) | Credit: u/Myvenom + +&#x200B; + +# Sub News + +&#x200B; + +**New Mod Announcement** + +&#x200B; + +We have a new mod joining our team this week! He has been integrating really well with the rest of the team, and is very excited to be helping out with moderating the community! Say hi to u/Crybad! The community requested new mods write an introduction to get a better understanding of who they are, so we’ll let Crybad take it from here. + +*Good afternoon everybody!* + +*Some of you may know me from the Superstonk discord where I spend most of my days. A quick blurb about me:* + +*I’ve been in this saga from the start. I originally came from the ornamental gourds sub, and remember chanting “hodl the line” in the GME daily post. Since then, I’ve been through both migrations and increased my GME position by multiple factors (and DRSed).* + +*I’m pro-DRS, pro-moass, pro-options, pro ape no fight ape, but most of all, pro-learning. I have been navigating this saga for 16 months now and in doing so; have learned more in that slice of time than any other equal time period over the many decades of life.* + +*To be honest, I struggled while deciding to disclose this next part or not; I happen to run a small options sub. There, I said it. To omit this from you from the start is sus, to be upfront with it is borderline self-promotion. Not great choices tbh. I would rather your initial impression of me be an honest mod, than one who withholds information. My sub (and I) have no discord, YT channel, or is monetized in any way. This will be the first and last time I mention my little sub. I didn’t become a mod to promote trading options; I’m here to promote education on all market related subjects (options included).* + +*I don’t believe the DD is done. I do believe that everyone should keep asking questions, doing research and trying to learn something new every day. I look forward to continuing this journey as part of this amazing mod team.* + +*-Crybad* + +&#x200B; + +&#x200B; + +**User Flairs** + +&#x200B; + +https://i.redd.it/15qhkbr52qi91.gif + +[**How to edit your userflair on Superstonk**](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) + +If you didn’t know custom user flair was an option, this is for you! To receive a customer flair, all you need to do is summon the Flairy! Tag u/Superstonk-Flairy in a comment anywhere on Superstonk and the flair will reply back with instructions. You can also click [this link](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) for instructions and our list of new custom user flair emojis! + +&#x200B; + +https://preview.redd.it/sbzc73n62qi91.png?width=1021&format=png&auto=webp&s=e665528c34e0abbeff00ab65112dd4fa485bc9c1 + +&#x200B; + +# All caught up and looking for more info? + +&#x200B; + +📚 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 | Credit: u/zedinstead + +🟣 [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! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +&#x200B; + +# Thank you for the feedback last week about the Weekly Digest post! Please continue to let us know if this post is something you’d like to continue seeing on the weekends! +Holy sweet Moses, like am I fucking retarded but steamer after steamer is being layered on the chest of China. + +Quick rundown: + +-Way over levered corrupt housing developers literally imploding the property market + +-Massive currency devaluation + +-Complete 2020 style shutdown of the economy + +Now, people are reporting the inability to withdraw cash from banks triggering a run. All the while lockdowns are being reported and shit is going bananas. + +Holy mother of god, the money printer induced trance is over and shit is actually getting serious. While you barely even hear a whisper of this in the States, shit is so fucked up. +#INTRO +I've been investing in crypto for a few months now. I've certainly made some mistakes by applying trading strategies from my stock trading days to crypto, when crypto has a vastly different environment. One of the things I learned early on was how rampant and widespread stop-loss hunting is. This post is meant to give a brief explanation on what stop-loss hunting is, how to identify it, and how to avoid being hunted yourself. You may have heard that stop-hunting is not a big thing in the stock market or forex. This is true, but I assure you its very real in crypto. + +###Stop-loss hunting is the act of intentionally pushing the price down through a major support level to trigger stop-loss orders, creating a flash-crash which can then be used to buy coins on the cheap. + +*It is incredibly easy to do with anything that has low volume at any point during the day, which is a vast majority of cryptos outside the top 15.* + +--- + +#Example + +####Scenario: +Let's say you're a whale with a large amount of BTC and you have reason to believe there's some awesome news coming out for coin **ABC** which will generate a nice pump, so you have been accumulating this coin over the past week and are sitting on about 50BTC worth. The volume on the coin is currently very low and so you can't purchase any without driving up the price, which you don't want to do. + +####The setup: +First you look at the price, order book, and volume, and note the following: + +* It's currently trading at 105K satoshi. +* The order book is very thin - there's only about 6 BTC worth of buy orders between 105K and 100K +* There's only another 2BTC of buy orders just below 100K. +* anything below 95K you don't care about. +* You know that 100K is a major psychological level and there are bound to be stop-loss orders below it. + +####Time to go hunting and pick up some more coins for cheap! + +1. You place several market sell orders totaling 5 BTC, driving the price down to 101K. +2. You then place some massive sell walls of 4-5BTC at 101.5BTC, hoping to trigger panic. +3. If panic doesn't follow, you make a few more market sells and the price collapses down to 100K. +4. A few more sells and you push the price to 99K. +5. **Now the fun begins**. You have sold off about 10BTC of your 50BTC position, now sitting on 40BTC. +6. Plenty of retail investors had their stop-losses placed at 99.5K, and their orders are triggered. They begin placing limit sell orders (without even knowing) and driving the price down further. +7. The price has now collapsed to 96K, almost a 10% drop, in just a few minutes. +8. There are now 30BTC of stop-loss orders for sale between 96K and 105K, and you buy them all. +9. Price returns to the previous 105K and you now own 70BTC worth of coin ABC. + +In short, by selling 10BTC of your position for an average of 101K you created a short-lived 10% price collapse which you then took advantage of to buy up a bunch of cheap coins from stop-loss orders for an average of 99K. Not only do you now own 20BTC more of your coin, but you got them at a discount. Awesome for you, sucks for the poor holders who you hunted and now no longer have their coins. + +--- + +#Visual + +What does stop-loss hunting look like on a graph? [As you might expect, it looks like a massive spike down followed by significant bull action and a return to norm](https://i.imgur.com/P2Yd8cO.png). Often whales do stop-loss hunting right before pumping it themselves, so you may even see stop-loss hunting followed by a huge run up. + +---- + +#Avoiding being Hunted + +How do you prevent getting "hunted"? There are really two ways. + +######Use price alerts instead of stop-losses. +By the time you get the alert and check the price, the hunt will probably be over. The downsides to this are that it requires a strong ability to remain unemotional - something most people don't have (and why people use stops in the first place). You still have to honor your mental stop-losses, you just also allow them a bit of time to ensure that the move was authentic. In trading circles you'll here this referred to as "letting the candle complete." + +######Place smarter stop-losses. +As you can see from the previous graph, price fluctuations and volatility in this market is significant. The best way to do this is to look at the average order book size, calculate volume and how many sells it would take to crash the price a given amount, and ensure your stop-loss is below that. You should also place stop-losses away from major psychological levels, such as 100K satoshi or even 99K. Place them either higher (106K) or lower (94K) depending on the market. + +I personally roll with option 1 (assuming I even have coins on an exchange, which is rare), but there's nothing wrong with either choice. + +--- + +#Conclusion + +I hope this has helped at least one or two people understand what stop-loss hunting is, why it's important, and how to avoid being "hunted" and having your coins stolen from you. + +######I also have suspicions that binance has bots that chase stop-loss orders. +As an experiment I placed a stop about 5% below the current price on a coin and with only about 1BTC of buy orders between my stop and the price. Within 5 minutes my coins had been stopped out and the price had returned to its previous level. + +#####TL/DR +If volume is low enough, a whale can push the price down through a major support and trigger your stop loss orders and then take your coins from you. + +---- + +Other references - note, none are about crypto so some assumptions they make do not apply such as stop-hunting not being a thing in forex (it's definitely a thing in crypto). + +* [Investopedia - Stop Hunting Definition](https://www.investopedia.com/terms/s/stophunting.asp) +* [Investopedia - Stop Hunting With the Big Forex Players](https://www.investopedia.com/articles/forex/06/stophunting.asp) +* [Where to set your stop losses to avoid being hunted](https://www.tradingheroes.com/avoid-stop-hunting/) + +Edit: some grammar and a few numbers which I fudged +recently went scorched earth on my old FIRE account, due to accidentally messaging someone local from that account rather than my "real" account. oops. so, new account with no karma, have mercy. + +**TLDR:** I've been retired now for a little over a week - I retired about a month shy of my 40th birthday. My wife will follow suit sometime later this year - she's choosing to stay at her job to fund some lifestyle creep before calling it quits. 2.4 million in cash/investments, ~70k annual spend. Our strategy in the coming years will be to minimize taxes and keep our income under 400% of the poverty level in order to qualify for ACA subsidies. + +**Background...** + +Wife and I are both software engineers living in a MCOL city with no kids. We first came across this sub in mid-2016 and took stock of our situation. At the time, our combined gross salary was around 185k, our cash on hand + investment accounts (total balance from here on out) were worth around 675k and we were contributing around 80k a year into our various accounts. We decided our new goal would be to save at least half of our gross income towards our investment accounts. At that time, I also started tracking all of our account balances on a monthly basis, so I have 5 years worth of numbers to look back on. + +Our target FI number was 1.7 million, which at a 4% withdrawal rate would cover our estimated 68k a year in expenses. We thought we could hit that number by 2022, at which point we'd have 6 years left on our mortgage. By mid-2028, our yearly spend would drop by 18k when the mortgage payment went away. Realistically, some of that spending would get redirected to additional travel, rather than needing 18k less a year. + +When the markets crashed in March 2020, we watched our total balance drop from 1.6 million to 1.3 million. We stayed the course and ramped up our contributions. By the end of 2020, our total balance was a little over 2.1 million dollars, well ahead of our original FI number. Our gross income was around 300k (salary + 20k in crypto sales), and we'd contributed about 170k to our various accounts through the year. + + +**Meanwhile, in the present day...** + +When I finally called it quits, our total balance was just over 2.4 million. So great...we're retired (or I'm retired, sorry wife!). We have a bunch of money in various accounts - taxable, 401ks, roths, rollovers, hsas. Now what?! That 2.4 million breaks down to roughly ~1.15 million in our taxable accounts, ~900k in our 401ks and rollover IRAs, ~255k in our roths, ~100k cash, ~15k in our HSAs. The cash should be enough to cover throught at least the start of 2023. + + +**Drawdown!** + +Then we have to start with the drawdown...With over a million in taxable accounts, it should be enough to carry us for the next 20+ years until we can start withdrawing from our retirement accounts. Given that our current annual spend is estimated at about 70k, we should easily stay under the income limit to avoid taxes on our qualified dividends and LTCG. At that level of spending, we're at a sub-3% withdrawal rate. I wouldn't say that we're going to withdraw a set percentage every year, instead we'd set that as an upper bound. Now, what to do to min/max things for tax purposes? + +***Option 1:*** +We'll sell from our taxable accounts to recognize gains as much as possible while avoiding taxes, then re-invest in order to reset the cost basis. Right now, the cost basis of all of our taxable accounts is ~675k, which means on average it's a 40% gain. A very simplified, non-realistic example would be to sell 200k of taxable stocks, which if perfectly averaged to 40% profit, would recognize 80k of gains. Taking our 70k in annual spend, we re-invest the other 130k with a new cost basis. There is a lot more to this, and I know that I am grossly over simplifying it. That is purposeful to show the general idea...the actual numbers would depend on other things like dividends, interest, any potential side income, etc. + +The main drawback of this approach is that as we get into our 70s, we'll have high RMDs from our rollover IRAs which would leading to higher taxes. + +***Option 2:*** +Similar the above, but rather than resetting the cost basis in our taxable accounts, we'll instead do roth conversions. The aim here is to get our rollover IRA balances lowered to the point that our RMDs don't blow up our income...while also ensuring that we don't have income too high in the present that we're paying more taxes or losing ACA subsidies. + +I'd imagine in reality we'd do some combination of the two options. + + +**Speaking of ACA subsidies...** + +Obviously there's no way to know what the state of our healthcare system will be in 10, 20, 30 years. All we can do is plan around what we know now, and adjust as we go. Right now, the Kaiser ACA calculator estimates a silver plan at about $750/mo, which is what I've estimated into our annual spend. Anything we can get in subsidies is great, but it's not figured in to the annual spend. Based on [2021 pre-COVID calculations](https://www.kff.org/interactive/subsidy-calculator-2021-before-covid-relief/), if we stay under 69k of income (which includes LTCG, dividends, rollover conversions, etc), we qualify for subsidies. Even at $68,750 of income (399% of the poverty level) we'd qualify for just under $2300 a year in subsidies. That's a $2000+ incentive to not take that extra $250 of income. Based on that, regardless of which of the above drawdown strategies we use, we'd want to stay under 400% of the poverty level. I don't feel a strong urge to stay well below the poverty line though - at 60k income the subsidy increases to about $3200. I'm not sure that $900 extra in subsidies is worth giving up almost $9000 in income. + + +**But what if...** + +Likewise, there's no way to know when the next market crash will be. When (not if!) it happens, we'll deal with it. Even if we had a 30% drop next year, we'd still have about 1.6 million in investments. We'd be early enough in that we could go back to work for a year or two. If that 30% drop happens 10 years from now, I'm less worried since we'll have had 10 years of retirement living under our belt and we'll know where and what we can tweak to make things work. + + +**Oh, and one more thing...** + +There's the potential that we could relocate to my wife's home country in southeast asia. There would be a lot to figure out there, but it's a likely possibility. + +So yeah, that's just some info on where we were, how we got to where we are, and some general plans for the future. Thanks for reading. +# Introduction + +This will be long, but it will also be concise, and is filled with information. Do yourself a favor and read it thoroughly. Don't complain that I got something wrong if you only skimmed the post. + +I've been studying options for years, and have read great books such as OAASI cover to cover. In other words, I know some shit. My goal here is to impart a simple strategy that can significantly outperform a "buy and hold" strategy on any major index, both so you can make tendies SAFELY, but also to rub it in the faces of those no-nothing /r/investing types who shun options. + +One final note before we begin. I realize you can potentially increase returns on this strategy by utilizing margin to sell naked options and such... but I don't want to advocate a strategy that could blow up retards accounts. What I will advocate here is a 100% cash strategy and has no risk of a margin call. + +**This strategy is necessarily no riskier than buying and holding an index fund.** + +If you insist on using margin to increase your returns, I would suggest simply using margin to own double the amount of assigned and held stock, in order to sell double the number of covered calls. This is a relatively safe way to increase returns. + +# The Wheel: An IMPROVED "Buy and Hold" Strategy + +Forget credit spreads, diagonal spreads, iron condors, and all that often complicated jazz. The absolute best and simplest theta gang strategy, in my humble opinion, is The Wheel. But I'm going to argue for a very specific version of The Wheel here, and that makes all the difference. + +While spreads can be effective, we want to maximize returns by collecting FULL PREMIUM for options, and not hedging like a pussy. + +**When you think about The Wheel, I want you to picture an IMPROVED "buy and hold" strategy.** + +The tried and true advice of most financial advisors out there is to drop cash in something like an index fund and forget about it. While this is good and all, we can clearly do better, by utilizing options. What we are attempting here is to mimic a "buy and hold" strategy, while consistently augmenting returns by collecting option premium on top. + +The Wheel is a simple concept. You sell cash-secured puts and collect premium. If you ever get assigned, you hold and sell covered calls on the assigned stock. If your stock ever gets called away, you go back to selling puts. Rinse and repeat, ad infinitum. + +The question of which options to sell and why gets complicated, and I will go into details below, but for simplicity I am advocating simply sticking to 30-45 DTE \~0.30 delta options on major ETFs. + +https://preview.redd.it/vntvxqycv5p51.png?width=1286&format=png&auto=webp&s=c0b92bc6d4ecc345f07f4bf09ca2fd4f3f954f85 + +# The Basic Concept + +You want to get PAID to buy stock at a CHEAP price. You can do that by selling OTM cash-secured puts. And you want to get PAID to sell stock at a HIGH price. You can do that by selling OTM covered calls. When you understand this basic concept, you understand 90% of this strategy. + +This will outperform "buy and hold" for two reasons: 1) It collects option premium on top of stock appreciation, 2) It reduces the cost basis for potential stock purchases. These factors also ensure reduced volatility compared with "buy and hold," as both premium and reduced entry points offer downside protection from falling assets. This is inherently a long-term strategy; if you are unwilling to hold an ETF long-term through a drop or even a recession, don't waste your time... you WILL lose money. + +When I've looked for counter-arguments to The Wheel strategy, the common argument I hear is "it works until it doesn't." In other words, these people argue that if you run The Wheel on a stock that drops hard and doesn't recover, you will lose money. + +**This argument completely falls apart if you run The Wheel on INDEX ETFs.** + +SPY and other major indices have recovered from every crash they have ever experienced. Individual stocks like Enron have not. If we want to mimic a conservative "buy and hold" strategy WITH diversification, we will only play major ETFs. This eliminates the major argument against The Wheel entirely, since it achieves instant diversification and will mimic the broader market. If you think the US economy will crash and never recover, you should be buying guns and ammo and not options. + +The only REAL argument against The Wheel is that you could potentially lose out on stock appreciation during heavy bull runs. While this is true, we will show below that this argument doesn't hold much weight. + +# Calculating Returns + +It is relatively simple to calculate potential returns for this strategy, so I will do that now using option prices on SPY as of 9/24/2020. Keep in mind IV is currently high, and so these returns will be inflated relative to a calmer market. Also keep in mind that annualizing returns based on one-month results can get wonky. *This is just an example to get a picture of how things work.* + +There are two phases to this strategy: Selling CSP's and selling CC's. We will calculate each separately, using 30 DTE options and ignoring compounding for simplicity. + +**CSP Return (Conservative 0.30 delta):** + +\[(CSP premium \* 100 shares) / collateral\] \* 12 months = Return + +\[($5.30 \* 100) / $31,000\] \* 12 = **20.5% return** + +**CSP Return (Aggressive ATM/0.50 delta):** + +\[(9.00 \* 100) / $32,000\] \* 12 = **33.7% return** + +**CC Return (Conservative 0.30 delta):** + +S&P500 return + \[(CC premium \* 100 shares) / collateral\] \* 12 months = Return + +S&P500 return + \[($4.12 \* 100) / $32,500\] \* 12 = **S&P return + 15.5%** + +Now there are a few caveats for the above calculations. The first is that if the S&P500 rallies well past our CC strike price, we will lose out on those potential gains. This means the CC-side return for the S&P is capped, which can be calculated as follows: + +**Maximum CC Return:** + +\[(Strike price - stock price) \* 100 shares + (CC premium \* 100 shares)\] / collateral = Return (one month) + +\[($334 - $325) \* 100 + ($4.12 \* 100)\] / $32,500 = **4.0% (48% annualized)** + +By reversing this we can calculate how much SPY would have to rise to outperform us. + +$325 \* 1.04 = $338 + +In other words, if SPY rises more than $13 in one month it will outperform us, but only for THAT MONTH. Obviously the S&P doesn't achieve 48% returns annually and so bull months will be offset by flat and bear months. We will outperform the S&P in both those categories as shown above, which will more than make up the difference in lost potential gains. + +One final note: These calculations assume that all options are held until expiration. In practice, returns can be increased by closing winning positions early. If you achieve 70% gain in 10 days, it makes little sense to wait another 20 days to collect the remaining 30% premium. Simply close and roll as necessary. + +# A Guide for Smaller Accounts + Proof of Concept + +To run the strategy I am advocating on SPY, you would need a minimum account size of \~$35,000. I know a lot of you don't have that much money, so I've done a little experiment for smaller accounts. + +I set aside a fund to run The Wheel on smaller ETFs, such as XLE, XLF, and GDX. To run the wheel on these individually you would need an account size no bigger than \~$4000. Even smaller ETFs such as SILJ could be run for as little as $1500, though they are more risky and less liquid. To prove the concept for smaller accounts, I set aside $10,000 and ran smaller ETFs such as these for 4 months. + +**After 4 months, I achieved a 41% annualized return. This outperformed the SPY ETF during the same period by around 5%, despite the fact the ETFs utilized underperformed relative to SPY. This, in my view, provides some proof of concept.** + +Obviously this return would have dropped significantly during this recent market drop, which is why I stopped running the strategy on the 18th, to avoid losing my own money just for proof of concept. The best strategy will always be adaptive to market conditions, but if you want a one-size-fits-all approach, The Wheel is probably the best you can get. + +In one instance I used margin to purchase an additional 100 shares of SILJ to sell a second CC for "free" (minus margin costs), just to offer an example of how margin can be safely used to increase returns. I also sold ATM options on SILJ shares because I wanted to dump it quickly before the crash, and to collect higher premiums. Got very lucky and sold right before the drop on Monday. This is an example of how to adapt the strategy based on your market predictions. + +Here is a complete breakdown of my trades during this 4 month period. **Notice that I usually closed positions early in order to increase my $/day return.** + +https://preview.redd.it/v80b50jfv5p51.png?width=1433&format=png&auto=webp&s=469d57e6bcce2c51641a211801d5997f05675e4b + +# A Note on Past Wheel Guides + +A prominent past guide on running The Wheel argued that you should always avoid assignment. However, they never made a compelling case for WHY you should avoid assignment. There is an argument to be made for such a position, which I will provide soon. However, there are also a number of arguments to be made in favor of accepting or even seeking assignment. They run as follows: + +1. Time Premium is maximized when the strike price is ATM. If we are selling time premium (Theta), selling ATM will tend to maximize premium returns long-term. + +[Apparently this picture didn't exist on the internet until now...](https://preview.redd.it/16ijbdsgv5p51.jpg?width=4608&format=pjpg&auto=webp&s=bb7fda8a060de84719695afc98c09f8bb7f644f9) + +2) If we are bullish on an Index long-term, we shouldn't have any problem accepting stock ownership. In fact, it will likely increase our returns due to stock appreciation on top of option premium. + +3) Stock can be more easily owned on margin than options. Holding double the stock on margin and selling twice as many covered-calls will outperform selling cash-secured puts long-term. + +These past guides also focused on running The Wheel on individual stocks. I have so far not yet seen a guide advocating The Wheel purely on Index ETFs to mimic and outperform a "buy and hold" diversified strategy. **This is perhaps the most important takeaway from this guide.** + +# Maximizing Returns: ATM vs. OTM? + +This strategy is simple enough... Where it gets complicated is in the details. And the most difficult question of all is whether to sell ATM, or OTM, and if so how deep? + +Let's start with the absolute ideal scenarios... + +**In a bull market: You want to sell ATM puts and OTM calls.** + +**In a bear market: You want to sell OTM puts and ATM calls.** + +**In a completely flat market: You want to sell ATM puts and ATM calls.** + +The reasoning is simple. If the market is rising, you want to maximize premium on your puts by selling ATM. You also want OTM calls so you don't lose out on gains in stock appreciation when the price rises. The ideal depth for OTM calls would be just above the total underlying appreciation (which obviously is difficult to predict in advance). + +By the same token, if the market is falling, you want to sell OTM puts for downside protection against assignment, and you want to sell ATM calls to maximize premium. + +In a flat market you simply want to maximize premium and have no need for upside or downside protection, and so ATM will perform best. + +If you are brilliant and prescient like me, you can navigate these complicated waters and adapt to the market accordingly. If you are a retard, on the other hand, you can't easily predict where the market is headed... + +In that case, my advice is the following: + +ALWAYS SELL OTM ON BOTH ENDS. This will give you downside protection from drops, and also give you upside protection from rallies. The consequence of this is your premium returns will be reduced relative to someone who strategically sells ATM options, but that is an acceptable loss for a safer and more conservative strategy if you don't know wtf you are doing. **You will still outperform "buy and hold" using this strategy, while also achieving reduced volatility.** + +Aiming for selling .30 delta, or 30% Prob ITM options, seems conservative enough for me. You can adjust accordingly based on your personal risk tolerance. If you want a more conservative strategy, aim further OTM. If you want more aggressive strategy, aim closer ATM. Keep in mind you MUST be willing to hold stock long-term through a drop to make this strategy viable! If you aren't willing to actually "buy and hold" while selling covered calls, look to gamble elsewhere. + +# Other Details + +The reasoning for selling 30-45 DTE options, which is advocated by TastyTrade among others, is because theta decay for ATM options accelerates around this range. However, this is only true for ATM options, and OTM options theta decay can actually decelerate closer to expiration. It is likely better to go for longer dated OTM options for this reason, though it won't make a huge difference imo. I would suggest keeping things simple and maintaining a habit around this range. + +https://preview.redd.it/s3hl0wekv5p51.png?width=586&format=png&auto=webp&s=68e42cee750063a6932f96c151a8fb779f292467 + +Some people attempt to run The Wheel by selling short-term weeklies/FDs. These individuals are not really selling theta so much as they are attempting to scalp gamma. While this can work, it is not really the consistent, safe, long-term strategy we are looking for here. It also suffers from the reduced theta decay for OTM options which I stated above. If you want to gamble, you might as well be BUYING the FD's, not SELLING them! + +I would usually close my options at 50%+ return and roll forward/up when necessary. This will tend to yield greater $/day returns if the underlying is moving in your direction. For example: If you make 80% return in 10 days, it makes little sense to hold another 20+ days for another 20% premium gain. Simply close the position and collect the secured premium to release collateral for another sell. If the underlying is moving against your direction, you generally want to hold until expiration and collect 100% of the premium, even if that means assignment. **Closing a sold option for a loss will DESTROY the returns of The Wheel! Do not do this!** + +&#x200B; + +**This is probably already too long, so I will stop here. I apologize if I've made any mistakes while writing this. Feel free to ask any questions and I will do my best to answer them!** + +&#x200B; + +Edit: Going to edit in important points others bring up. + +1. This is obviously less tax friendly than buy and hold. Running the strategy within a Roth IRA will eliminate this drawback. +2. This strategy is very different from others such as the buy-write strategy. For one thing, the buy-write strategy rolls down for a loss, something we will never do. My exact strategy has never been backtested and probably never will. +3. I should have made it more clear that we want to avoid selling covered calls below our initial cost-basis in the event of a drop. Ideally we will NEVER sell our shares at a loss, we will simply continue to hold and continue selling CC's until we recover in price (same as a buy and hold strategy). +4. Something a few people are missing: The value of selling CSP's accelerates during bull runs, because they lose value faster. **However, you will only capture that faster value if you close the CSP early. This is something most "backtested" looks at CSP selling have not done.** Take a look carefully at the trade chart provided, and how my returns increased significantly by closing early \~50% during the bull run. This is why I was able to outperform the S&P during the same period by almost pure CSP selling. If I had held every CSP to expiration, I likely would have underperformed the S&P. +5. This will probably be my last edit, just wanted to quickly respond to the weaker arguments I keep hearing over and over... + 1. "This doesn't work because if the stock drops a lot you collect almost no premium." This is IDENTICAL to buy and hold! + 2. "This has been backtested and it doesn't beat buy and hold." No, my strategy has not been backtested. Similar strategies have been backtested, but this one hasn't. Show me your methodology and I will tell you how it differs from what I advocate. Or run your backtest on the same 4 months I ran the wheel and see if you get the same results I did. You won't. + 3. "This is stupid because you will just lose out on gains during bull runs." Except I literally posted results during a 4-month bull run and beat the S&P. You need an explanation for that. SPY gained 12% during those 4 months, which is not a weak rally. + +Thanks for the overwhelmingly positive feedback everyone! I will check in a bit over the next few days to answer questions here and there, but I won't get to everyone unfortunately. +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! + +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! + +Looking to buy our first IP. 3-4 yr old apartment is $600k with $550 PW yeild. My weekly instalment (P&I) would be about $580 so there'll be net outflow after EMI, commissions and council/strata. + +Maybe a stupid question but how is this sustainable investment? Let's say $550 pw gets added to my income and just $400 is interest + other expenses pw. Ain't I giving tax on remaining $150 on top of other expenses? I am aware of future potential capital gains but who knows. + +Things are not adding up for me. ELI5 please. + +Edit: calculation for another property I had more information for. [calculation](https://imgur.com/a/tBN4TxN) +Hello all, first time poster, long time lurker. + +Is anyone else on here a barefoot blueprint member? I was shocked to receive the email yesterday and be notified it is closing down in 12 months. + +The service has been extremelly valuable to me. As a blue collar worker, the share insights and general financial advice have made/saved me a small fortune over the last 7 years. + +The Blueprint closing does leave me in a sticky situation. I have 8 of the stocks recommended, and Scott and Mikes valuations/company updates were my barometer of how the companies are performing. I'm not sure if I should take my gains and invest them into more index funds now that I've lost my most reliable analytical resource. I'm not sophisticated enough to analyze them myself. + +Any thoughts/comments would be appreciated. +I saw a (possibly alarmist?) article in the ABC that basically said Sydney could be pretty much unliveable in a few decades time due to routine 50 degree plus days: [https://www.abc.net.au/news/science/2021-01-24/heatwaves-sydney-uninhabitable-climate-change-urban-planning/12993580](https://www.abc.net.au/news/science/2021-01-24/heatwaves-sydney-uninhabitable-climate-change-urban-planning/12993580) + +Likewise, there was an article floating around a while ago about how some areas will soon be uninsurable due to climate change. Something along the lines of this: [https://www.abc.net.au/news/2019-10-23/the-suburbs-facing-rising-insurance-costs-from-climate-risk/11624108?nw=0](https://www.abc.net.au/news/2019-10-23/the-suburbs-facing-rising-insurance-costs-from-climate-risk/11624108?nw=0) (RIP Adelaide Hills). + +So my question is... Is this a concern anyone else has for choosing a place to live? Aside from temperature increases making a suburb a lot less liveable, I imagine things like uninsurability (or at least increased premiums) won't be great for things like capital gains or re-saleability if you ever want to move. +Ok, so the DTC-005, that's the one where they will no longer allow an asset to be pledged more than once...NO LONGER. + +Why would they need to make this rule explicit? + +I'll give you one fucking guess. Oh, ya, because assets have been borrowed, then sold, then lent, then sold then lent, then sold and now the pile of froth is so high a starbucks barista would faint when seeing it. + +So, why was the DTC-005 posted then taken down? Well the official story is "oops, we spelled some words wrong and need to reformat bla, bla bla" I think that's BS and here is why: + +The DTC-005, not lending shares more than once will only be able to be applied AFTER the MOASS and the dust has settled. + +Why? Here is why, they posted rule 005, someone read it and said "uh, sir, WE'VE GOT A PROBLEM. We need to borrow those borrowed shares to keep the price down to keep our members from being margin called" + +OH, I see your point... + +You see, the DTCC et al. are the ones holding the price down, they are the ones borrowing shares and dumping them on the market. Can you see why? Exactly! + +If the shorts get margin called - like they almost did back in January -then the ENTIRE DTCC will go down, and then the entire market. And you all know from reading the Everything Short, that there is more than just stocks involved in this shit show. + +So, the DTCC is helping to keep the prices down so everyone can get the rules in place to protect all the members that do less shady shit to get rich. + +**TLDR:** 005 can't go into effect because the DTCC et al. need to be able to borrow shares to keep the price of GME down, to keep the stock and the treasury market and the from imploding, while the pass the rules they need to cover their own ass and protect the not-so-bad-actors + +APEs, you have more influence than you could have ever imagined. Use it for good. + +And when this shit is over, stay out of the stock market. They only changed the rules because they got caught. When you win a jackpot at the casino, your next move should be to leave the casino +So I got caught up in the GameStop mess, and I lost about $7,000, which brought my account value from $11,500 to $4,500. Aside from that, I am pretty familiar with trading, and I can usually turn a profit (or cut my losses early). + +My question is, if I average a 0.5% rate of return every single trading day, plus a monthly contribution of $100, how long will it take for my account value to reach $10,000 again? I can’t seem to work the compound interest calculators online. + +I know that 0.5% daily is a little ambitious, so I plan to deposit money to equal that amount on days that I am unable to meet my goal. In another follow up question, how are your annual rates of return looking like? +I've dabbled in several things during my trading journey, the most recent being SMC. It seems to be the most hated methodology in this community and a few others. Admittedly, it took me a long time to grasp the concepts and at one point I gave up on it entirely thinking it was nonsense and not profitable. However, after being exposed to other styles of trading, ICT's "nonsense" started to click and I've been catching 6RR to 20RR trades every other day using it. I've attached an actual trade that was taken yesterday to prove the point. + +So is the hate geared towards ICT himself or is it a matter of us just not grasping the concepts? I understand that a lot of these concepts are "repackaged", but even so why are the traders themselves then being bashed on here for using them? + +https://preview.redd.it/739xm09ww7x81.jpg?width=1221&format=pjpg&auto=webp&s=fd0ef23a7250999a1926743a20033601dc59fe46 +Ive been pretty profitable this last month, about 92% win rate. +Using a new strategy that has taken me 2 years to complete. Ive been testing with real money but only with $0.01 lots. + +Time to up the lots or test for longer? +I've been dabbling with forex for many years on and off, usually off after having lost a bit of money and becoming despondent, but after returning again and again and finally finding a method that really fits and makes sense to me I think I've cracked it. However, it just seems to0 good to be true. I have found a method that works for me, a pair that the method works on, and consistently traded it over the last 6 months to a profit of around 11% over 38 trades. (rather than a practice account I started trading at 1% of £500 and increased from there, keeps me more engaged than pretend money and provokes more emotions to help practice dealing with that) + +Assuming results continue as they have so far, thats 22% a year, which with compounding interest is starting to look like an early retirement. Part of me is starting to consider trading a higher sum of money, and part of me thinks I should be reserved and continue for a year at the scale I am now. The latter part of me is doubting and saying 'maybe this is just a fluke' , and the other part of me is saying 'move onto the next phase and up the money a bit, see how you deal with the emotions'. + +Its hard to judge if I'm being too reserved and should just move forward and up the stakes a bit, or if I am in fact acting rationally when thinking of holding to what im currently doing for a full year. I mean what is a 'year' in terms of trading right, it's a probability game and the number of trades is what really matters in allowing the probabilities to play out. + +So I guess my question is does it seem too early to be thinking it might work; is 38 trades enough? And, what level of proof/practice did you have to demonstrate to yourself before finally making a transition from trial and practice to what you then considered real trading, with a comparably significant sum of money? +The past few months I have been coding some automatic back-testing in Python (and using BackTrader). I have found some of my strategies are ***nearly*** very profitable, but get tripped up by news. I have looked for historical economic calendars, and/or routines to check them, but I came up empty. + +So I manually scraped a bunch of calendar data from here: + +[MQL5.com economic calendar](https://www.mql5.com/en/economic-calendar) + +Then I wrote it to a CSV file, and coded a Python class to handle it and check for news 'collisions'. + +Right now it's pretty quick and dirty, and reflects only high impact news. + +If anyone is interested in this data and code let me know, I will clean it up and share it. + +Also, if anyone has access to better historical calendar data (perhaps an API subscription to [tradingeconomics.com](https://tradingeconomics.com)?) I would love to get my hands on it, I could really improve this. +Guys, I'm in a pickle +I call this the picking of 2020 +I ran a huge hedge on one of my accounts for XAU/USD + + +I made a deposit of 700ish and starting to make buy and sells at the same time +I run no stop losses and have take profits of $100 or manual exit + +The goal was to try to run wave patterns and hold trades in swings + +Each time I hit a TP I would re open the same trade + +However the hedges would be negative exactly what I was up so depending I would wait and close or hold and close on profit but again the opposite side of the trade would then be negative and I would have to wait or hold + +The problem became apparent nov 6th when gold took a massive 100 drop on one day and I had multiple buys open at 1960 +I ran the sells down until 1760 and ended up with a massive profit but I was also now running a negative balance roughly what I made in profit due to the hedge positions + +When gold hit 1760 I made the mistake of launching more sells and then becoming pickled in between buys at 1960 and sells at 1760 all in .10 lot sizes + +I failed to realize the reversal at the 1760 mark and was still opening buys and sells at the same time mainly because I was blinded by available margin using hedges to balance out what was available. Really this was my downfall as if I had enough money in active margin I could have made buys only + +This was when the real pickle started to happen +Margin was super thin and the account was at the point of collapse +17k profit about to go poof + +So I added more money to the account and yet again pickled myself by launching more trades instead of holding margin + +So again I added more money and more money before realizing that my swap fees were absolutely destroying my ability to keep daily profits + +I'm now working to maintain margin by taking profit on trades to pay for swaps as daily swap fees are eating away at my available margin + +I'm now in full understanding of the beast I have created and the monster that has been unleashed + +I'm pickled because I have to many active trades of buys and sells eating up available margin. Daily swap fees are becoming hard to meet at current levels of open trades and the gap between active buys and sells are $200 apart in price between sells at 1760 and buys at 1960 + +My potential courses of action + +1.) Deposit more money and ride out the beast attempting to make daily profits and pay swaps then reduce buys as we can + +2.) Exit trades for a manageable loss in an attempt to bring available margin back to a maintainable level + +3.) Find another pair to trade that requires less active margin per trade in an attempt to save face + +All in all I think I'm pickled here but I feel like there is a potential way out. I fully understand this will require me to take a recognized loss on profits but I'm trying to do this without nuking the account and possibly losing the money I put down. + +TLDR - I'm retarded +What a strange coincidence that GameStop decides to change their investor website the day I release my DD. I tell myself that RC read my DD, felt I missed something because the redesign was in-flight so he made a call to get the changes pushed immediately. This is just a fantasy in my head and it probably is just a coincidence. Either way, I think it's extremely bullish that the company redesigned their investor portal **days** before reporting earnings. We **need** to talk about this, it's wild. + +[news.gamtestop.com](https://news.gamestop.com) + +[9/4/2011 archive](https://web.archive.org/web/20210904143324/https://news.gamestop.com/) of old website + +# GameStop sets a new tone for investors - GameStop is a single brand + +The message of "We're a family" with all of the different brands is no longer in the main page. GameStop has been re-branding and this is an official step in what is being shown to investors ***before*** earnings call. Maybe they want new potential investors to see the refresh after they crush earnings.\* Maybe they will be announcing that the GameStop rebrand is entering it's next phase.\* + +\**tit jacking speculation* + +[WE'RE A FAMILY...well we used to be but GameStop was the one that made it](https://preview.redd.it/5lrxcmd2d0m71.png?width=2048&format=png&auto=webp&s=3de91a973f13e895ef7ec4bca41d2c5ccd4f800f) + +[Much cleaner and simpler - notice there is no \\"home\\" landing page yet](https://preview.redd.it/r931x1pad0m71.png?width=2070&format=png&auto=webp&s=3100eba38a2431e1ec402579f559b18901b21f30) + +GameStop's home landing page is now a focus on investor relation calls with the financial reports. I actually think this page isn't complete yet and I expect a little more text/something to enter the page for the random page visits. This personally jacks my fantasy story that they pushed what was "needed" for me to find and RC just said *we don't need the home page complete yet, that can be right before earnings call*. I'm jacking myself a little here and I hope you all don't mind. + +They even removed the brand icons at the bottom of the page: + +[Old brand icons on news.gamestop.com](https://preview.redd.it/rc8pmyybm0m71.png?width=1996&format=png&auto=webp&s=339d9a923d744c9b6295b2e845ea5de6a217b0a2) + +# The Background Image + +There are 5 menu options at the top of the site and each page has a different image. I've seen plenty of other posts about this so I'm not going to go into details on "what" each image was. The one people probably care about most is that under "SEC Filings" is the Crash Bandicoot Photo: + +[Crash Bandicoot 4: It's About Time - https:\/\/en.wikipedia.org\/wiki\/Crash\_Bandicoot\_4:\_It&#37;27s\_About\_Time](https://preview.redd.it/etljunuzd0m71.png?width=2062&format=png&auto=webp&s=348c15c6781f7a86702f928f777b98d4e8428063) + +I also inspected the HTML elements to see if there was any nuggets that pointed to more, but there wasn't. And don't let the "Hero-Image" in the static file name, but "Hero-Image" is common dev talk for the main image on that page. Every page has the same "Hero-Image" in the image title. + +https://preview.redd.it/ngfplo6cf0m71.png?width=2408&format=png&auto=webp&s=a29ae9c1dc07c8bcf4ee50a1bd3531bea510fd0b + +# [Corporate Governance](https://news.gamestop.com/corporate-governance) + +There is a lot to unpack in this section. It lists "The Board of Directors" and "Management" with some short descriptions about each members. The page seems incomplete, Jenna Owens and Dan Reed aren't listed in the new website. This is probably another section that isn't complete yet. Another difference I noted was the Committee Charters and Corporate Governance has been trimmed back: + +https://preview.redd.it/vip5qauyg0m71.png?width=2410&format=png&auto=webp&s=35e6b099fb04119e721781f1cb0a50ccbe444207 + +https://preview.redd.it/kifn4kuzg0m71.png?width=2386&format=png&auto=webp&s=dd6e799e1c36f8e80de04c454ecf9eb9be2c3219 + +Why were those documents removed? Well they aren't in this reporting period anymore and completed at tend of December 2020. Feel free to use [archive.org](https://archive.org) to go look at those files. + +# SEC Filings + +This just looks like a nice redesign for searching through past filings. The file hosting urls look similar and the filtering criteria all looks the same. The search doesn't search individual filling documents text, so I don't think there was an upgrade to that experience. + +# Newsroom + +Much cleaner UI with a lot of the "Media Resources" stuff cut out, I don't think GameStop needs the Media contacts anymore. + +https://preview.redd.it/j1yx5rfii0m71.png?width=2406&format=png&auto=webp&s=1b28ef0cc34d95d7daafb3218c5f6a31e20a47d2 + +# [Contact Us](https://news.gamestop.com/contact-us) + +Seriously Media, you just get a number and email. Oh Stockholders have that as well! + +https://preview.redd.it/xwctrxfbj0m71.png?width=2394&format=png&auto=webp&s=6e2945a9a9062c14750a53515e0c66d4cdfab629 + +*But wait...wasn't that information there before?* + +https://preview.redd.it/evksxmolj0m71.png?width=2390&format=png&auto=webp&s=566014c6bd126de79e873eb033d8aad5aa6fde98 + +You may have missed the small detail there even with my drawn on boxes. GameStop has changed how they handle public relations and it would seem the old phone number listed for Media is now the newly listed number for stockholders. I gave it a call (817 number), GameStop Investor Relations. I gave the new number a call, no voicemail setup for it so can't tell much. It does seem that GameStop now has separated the efforts from Stockholders and Media, I'm sure both have had very large changes is demand. + +# Newsletter + +Just a signup page... + +https://preview.redd.it/0evv72umk0m71.png?width=2402&format=png&auto=webp&s=1e301b810a92ed8e7f88ce70f22e7b0f91f17622 + +GameStop actually took away some optionality here + +&#x200B; + +https://preview.redd.it/o6gvv6axk0m71.png?width=1950&format=png&auto=webp&s=4268df0bc9198e92f9e5e4c475bda07d4dbf6e8a + +# Conclusion + +GameStop's overall redesign of their [news.gamestop.com](https://news.gamestop.com) investor portal is a great first step. It looks like this is a work in progress and I'm expecting to see updates over the next couple days leading up to the earnings call. I love the simplicity and it's much easier to navigate to find what you need. The biggest news is definitely GameStop as a single brand on the page. + +**TL;DR - GameStop brand consolidation has officially happened on the investor portal** + +**TL;DA - GameStop, It's About Time** ***(it's from the crash game above)*** + +Edit 1: Another user found the GameStop svg logo icon has some strange things going on with the trademark symbol, very intriguing: [https://www.reddit.com/r/Superstonk/comments/pjf055/diving\_into\_ubaxyboos\_find\_on\_the\_gamestop/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/pjf055/diving_into_ubaxyboos_find_on_the_gamestop/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +After seeing multiple posts from 20 year olds about their 5x returns in three weeks I think we all need to snap back to reality and understand this is *not* how the market works. There was a post yesterday from a kid in high school that made 20 grand and claimed he figured out how to “make some real money” and instead of explaining he got lucking (or at least calling him an autist or retard or whatever) it was all “good job man” and “keep going!” As soon as this market shifts gears 85% of his account will be gone. Probably in a matter of 2-3 weeks. + +Then there was another post, last week or so, of some dude up over 1,000,000%. *1 million fucking percent are you kidding me?* I can’t even wrap my head around that. Most people are in the market buying into funds hoping for a 400% return after 30 years. + +The only way you can possibly pull that off is stacking long shot on top of long shot on top of long shot. How often will that work? Well I don’t know, have we ever experienced a market like this in history? I don’t think so. + +All I’m saying is, eventually something, some news or metric will come out and the market will change and most likely in an extreme way. If you are new here, do yourself a favor and look at posts on this sub from a few months ago when things were somewhat normal (or at least volatility was) so you can see what buying naked calls and puts way OTM is really like.. + +Edit: the 1 mil% gain was apparently another Robinhood glitch, so in reality it was probably ONLY like 10,000% gain... +Some people may not realize but El Salvador's main currency is the USD. It is used there as currency for everything, from savings to expenses. + +But the main difference is that unlike USD, the Salvadorean central bank can't print more of this currency. This is fine if the supply of the USD doesnt go up. But when 22% of USD in circulation was printed in 2020 alone, and almost all of it has gone just to support USA, this is a big problem for countries that have adopted the USD based on trust but now find out this was a huge mistake. + +Salvadoreans find their savings are fast losing purchasing power, but unlike USA they dont have any stimmy checks to cash in, and their earnings and average household income isnt going up to account for the massive inflation of USD. Essentially, they are experiencing a mini-Zimbabwe like situation even though they are using USD. + + +They can either go back to their own currency, or just adopt cryptocurrencies which have all the characteristics of fiat currencies except they cannot be manipulated at will (atleast the ones that have proven themselves) +Euro zone inflation rose to a record high 8.1% last month in line with a preliminary estimate, more than four times the European Central Bank's target and underscoring its plans to raise interest rates next month to tame runaway price growth. + + +https://www.reuters.com/markets/europe/euro-zone-inflation-confirmed-record-high-81-may-2022-06-17/ +Hey guys, + +Executed my first ThetaGang strategy by selling a CC when bitcoin was ripping for a $MARA Aug 27 $41 Strike. I am up 68% or $87. + +I am with Questrade and commission to open and close are $10.95USD. + +Should I wait and hopefully let it expire worthless or should I eat the high fees and roll it into a new? I am happy being up the 68% but eating those fees makes me want to wait until expiration. +Looks like I will have my first assignment on Monday. Sold a PYPL 220 put ex 11/19 for $2.49 credit several weeks ago. So I will be starting my first Wheel. Just wish I wasn’t this far in the hole. I know one day left and I could BTC but I’m kind of excited to wheel instead of just selling CSPs. Wish me luck. +I feel like I have to be missing something here. + + +$ZIM is paying an insane $17 dividend to shareholders this quarter. Ex dividend date is 3/22, payment on 4/4. April put options seem to be pricing this massive downwards move in, but the call options do not. I understand the risk of assignment for ITM calls, but what about OTM? Barring a big move in the next week why would an 80/90 or 85/100 spread be a risky play? + +https://preview.redd.it/1k6ybjqmn7n81.png?width=1412&format=png&auto=webp&s=d64ca3b2314ef611f5761110ca126590dc0bb583 +Hey guys, + +Executed my first ThetaGang strategy by selling a CC when bitcoin was ripping for a $MARA Aug 27 $41 Strike. I am up 68% or $87. + +I am with Questrade and commission to open and close are $10.95USD. + +Should I wait and hopefully let it expire worthless or should I eat the high fees and roll it into a new? I am happy being up the 68% but eating those fees makes me want to wait until expiration. +It's a low volatility stock. + +I don't want to sell naked calls and don't want to own the stock to sell CC. Would a vertical call spread make sense here? Any other strategies? + +&#x200B; + +Thanks! +I thought this was a very good earnings report. I think what this does is shield the stock from a big downside move over the next several months. + +Basically what we are looking at is a (diluted) EPS of 1.21/share. Given a stock price of 21.50, that puts the P/E at 17.75. The question now becomes...how does that P/E of 17.75 compare to similar mortgage companies? I don't know. A P/E of 17.75 doesn't really scream growth though (see TSLA, SNOW, ZM, SQ, for example). Yet this company is making MONEY. + +Right now I own 400 shares with a CB of about 20.90. If all of my11/13 options expire worthless...my CB now goes to 20.10. + +My plan, going forward, is to write weekly calls to make 0.3-0.5 / contract. That would yield 1.3 - 2.3% / week. I would be EXTREMELY happy with that. The company would REALLY have to dog and go to 15-17 for me to rethink that plan. But I think the company itself will trade between 19-23 for the next few months, and it won't make any bigger moves unless there is a market-wide catalyst (nuclear bomb goes off in Canada, aliens land in Maryland, COVID just disappears one day and never to be found again, things like that. + +&#x200B; + +Boys and girls, I think we found a great wheeling and income-generating stock. +IV has spiked like crazy on CLNE short term options since WSB got ahold of it Wednesday night, but Jan 23 $5 LEAPs are selling for under $6. Underlying is trading at close to $10. Seems like a pretty great PMCC opportunity on a stock that actually has a pretty cool story behind it. + +Thoughts? +May seem like an obvious thing for veterans but when I entered the crypto world I though that Coinbase PRO was the premium version of Coinbase and that a monthly membership or something would be required to use it😅. For begginers: the biggest difference between the two is the interface. Coinbase may be more user-friendly but in Coinbase PRO the fees are much lower so you should definitely learn to use it. Enjoy the gainz! + +>The real question is, why do we recommend index funds to so many people here, and then, why do we recommend Vanguard's in particular? + +>In order to have a good shot at a secure, reasonably well funded retirement, most of us will need to have some portfolio of stocks (and bonds, but let's just talk about stocks for now; the same arguments I'm going to present for stocks apply to bonds). So how do we get those stocks? + +>You could pick them. That's what people did back in the day and that's what some people do now. There are various stock picking theories, and I won't go into what they are. If you're into that, great; I'm not going to discourage you from doing what you believe is the best way to achieve your financial goals. And if you beat the market, even better. But very few people will do so, and those that do will spend a great deal of time doing it (as will many that don't). + +>If you aren't picking stocks, you still need to have some. It's just that your best bet at that point is some sort of mutual fund (or equivalent, like an ETF, which some people seem to view as a different investment entirely, when in reality it isn't significantly different from a mutual fund. In fact, at Vanguard, the ETFs are a share class of the mutual fund). You could try to pick mutual funds that are going to beat the market within your desired asset allocation -- but given how few repeatedly do so, we're back to the same problem as picking stocks in the first place. You could find a financial advisor who will do this for you, but that selection process has the same problem. To top it off, there's all sorts of fees that are certain to eat into your total return. The odds are against you if your goal is to pick a mutual fund that will beat an index fund in terms of the return that you see (and ultimately, that's the number that matters). + +>Which brings us to the idea that most people here aren't going to beat the market. For the vast majority of what I'll call casual investors - people who want to set their allocation, contribute methodically, and not think about it more than a few hours a year - index funds (and the asset allocation wrappers - life style and target date funds - that use them, too) really are the key. + +>And since there isn't much to index funds to compare across companies, costs become the key. (I'll point out here that if you want to do stock trading, Vanguard probably isn't the right brokerage for you, although they do have some actively managed mutual funds beyond allocation ones. And once you have over a half of a million dollars in assets there, you can make very discounted trades of stocks should you be so inclined - I think it drops to like $2/trade, and at $1 million in assets, you get some number of free stock trades per year too) + +>So, fees. Vanguard's fees are among the lowest in the business. None of their funds charge a sales load. The expense ratios for their lowest investment minimum share class - "investor" shares - are among the lowest in the industry. And when your investment in a given index fund gets to $10,000 - a pittance in the grand scheme of things - the expense ratio drops even further as you qualify for Admiral shares (which your investor shares will get promoted to when you hit this mark). + +>If you're looking to diversify the portion of your stock portfolio that you want to be in domestic (U.S. company) stock, you can hardly go wrong with a total U.S. market fund. And at Admiral class, the expense ratio is 0.05%. Compared to $6.95/trade at many brokerages, you'd need less than one trade per $13,900 invested to have the same costs -- good luck not having your costs drag on your "versus index" performance there. + +>Note that I said "among the lowest" - there are occasionally funds with a lower expense ratio for the same product that come along. I've yet to see one that didn't feel like a loss leader, certainly not at the five-figures (or more) invested mark. On top of this, those with lower expense ratios tend to be offered by for-profit brokerages, further giving me the "loss leader" feeling as these companies lose business to Vanguard. It's only a matter of time, I feel, before the expense ratios of these creep up, or the companies offering them make up for the loss in other ways. By contrast, Vanguard runs their funds at-cost, so I know that the expense ratios I'm paying are the cost of operating the fund and that any future cost savings will go to me: they don't have shareholders (other than those who are invested in Vanguard mutual funds) who might want to claim the difference as profit. + +>**In summary**: if you aren't going to stock pick, or pick someone to pick for you, or pick someone to pick someone to pick for you, you're a good candidate for Vanguard's index mutual funds. And that's a sizable fraction of people who come here looking for advice. + +http://www.reddit.com/r/investing/comments/1owcra/moron_monday_ask_that_question_you_always_thought/ccwd45j +I’ve noticed the FUCK token tipbot was banned in this subreddit. Not trying to stir the pot but just genuinely curious. It’s an ERC20 token and designed for tipping in reddit. Seems like it’d be something to support in this sub? +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, 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! +Hello all. I've been hospitalized for mental health issues 5 times in my short life. I have bipolar and I'm thousands of dollars in debt from poor decisions during manic induced fiscal nonsense + + +After following this sub for the last few months I've realized you people are far more mentally unwell than I am. You have no fear of death, of poverty, no fear of the vast abyss of unknowable possibilities that time keeps methodically dragging us into. + +Damn. Its inspiring. I just bought my first share of GME with almost all the money in my savings. +Basically, I'm wondering how other doctoral candidates or graduates in the field have gone through the process of finding a PhD program that is a good fit, and being accepted into that program. Really, just any information about this type or program would be helpful. + +My undergraduate degree was in marketing, with a high GPA at a top 10 school. The school I intend to go to has a dual degree program - an MS in Finance (through the business school) with an MA in Economics (a completely separate degree, through the dept. of economics). I'd like to use this as a segue into a Ph.D. program in Finance at the same university. + +I think I need the masters first because my undergraduate study was not focused on finance (although I do have a fair amount of undergraduate coursework in finance - enough to get into the program). + +My initial practice GMAT scores were in the 680-700 range, but that was a few months ago, shortly after I had started studying. I don't take the GMAT for another month but I think it should be into the low 700's now. +I just passed the Series 65 and was looking to take the 7 next. I used STC for the 65 and they were the worst test prep I've ever seen. + +Does anyone have any experience/recommendations/horror stories with any of the other Series 7 test prep companies? + Firstly, Thank you to this community for all the love you showed us the last time we posted here! We never used paid posts on this Subreddit and our community's sheer support got us trending!! + +(We gained so many holders and followers on social media! Our community really appreciates all that love!) + +We are a community based utility token that rewards it's long term holders while providing ease of transaction and other utilities to our short term holders. + +We are about to launch our merchandise store where 50% of the profits will be donated and the rest utilized for marketing Shibonk. + +Our new whitepaper will be launched soon as well as our very own limited edition NFT collection!! + +We have a very active Telegram which is a great place to keep up-to-date about all the latest - + +[https://t.me/ShibonkCommunity](https://t.me/ShibonkCommunity) + +Shibonk Reddit - [r/Shibonk](https://www.reddit.com/r/Shibonk/) + +Website - [www.shibonk.net](http://www.shibonk.net/) + +We are currently awaiting our CMC and GC listing and this is the ideal time to invest early and enjoy the gains once we're listed. + +If you are an avid investor and looking for a community a driven utility token then come join us! + +We are growing organically which is helping us build a strong foundation for our community over using paid shillers and bots. + +We have a lot of Shibarmy holders and definitely have the same vibe from it's early days and of course Yoshi from their dev team leading the charge at Shibonk. + +And we are looking forward to be a part of the Shibarium network!! + +Very exciting times ahead for the community based Shibarmy! + +Feel free to ask any questions and I'll reply at the earliest. + +Cheers! +If just one person takes this to heart and follows it, then I have done my job. Personally a post like this would have probably saved me a couple thousand dollars when I first started. + +Please **EARN THE RIGHT TO SIZE UP** when you are starting off. This business is a probabilities game. Majority of **beginners lose money**. Majority of **beginners blow up trading accounts**. **YOU ARE A BEGINNER** \- so what do you think is probably going to happen to you? + +When you first start - **you don't even know what you don't know** no matter how many youtube videos/books you watch and read on day trading. Your **priority** should just be to **accumulate screen time, execute a strategy, track your results, track your emotions, and live to trade another day.** All of this can be done at a **100% success rate** if you **don't risk any signficant amount of money** that will blow up your account. + +The general rule of thumb you see is that you should **only risk 1-2% of your capital per trade**, but I feel that this rule is something that **new traders should work up to rather than to begin with**. + +My advice? + +Paper trade for a week and **prove you can be profitable**. Then jump into a real account risking .1% of your capital ($10,000 account should only risk $10) for a week and **prove you can be profitable**. Then .2%, .4%, and so on until you reach that 1-2%. + +**If you can't be profitable paper trading and trading small size - then you have no business of trading 1-2%.** By following this - your worst case scenario is that you never reach 1-2% and find that this may not just be for you without having to lose any significant amount of money. + +This is just my recycled advice that hopefully will save some new traders money. +Every year Demographia produces their report which lists Australian cities as some of the most expensive in the 'world'. Unfortunately their version of the 'world' seems to consists of ex-British colonies (and not all of them for some reason). + +It's not that big of a deal if only that report was linked and the comment section turned into a case study of confirmation bias and erroneous sampling - however the dozens of news clippings that follow linking to that study really is annoying with the comments predictably devolving into the same. Would be good if articles linking Demographia be flaired as such? +I pay yearly for my comprehensive car insurance and last year, it was around $990. This year, I got my renewal forms with a slight price increase to $995. However, if I get a quote for a new policy, with the same excess, same optional extras, same car, same mods, with the exact same insurance company, the quote is only $816. Is there any reason at all not to just create a new insurance policy every year instead of renewing and paying a steep premium? +Before we get into this, I wanted to point out some facts to save myself time (since I'm at work): + +- We have a family business that makes 350k a year. +- My father is the sole person in charge for all of it. +- I manage the business and create all the growth and do the behind the scenes work. +- I'm 22 years old and I started working for my father when I was 18. I own zero stake in the company. +- I get paid $670 every two weeks for my work by my father. +- Me, my sister, my grandma, and my mother all live in the same house as him. +- My mom makes an additional 40k after tax a year from her own company (gutter cleaning company) but gives it to him since he pays all the bills. +- We are also caretakers for my grandma and makes about 30k a year from that as well. +- We live WELL within our means. 200k mortgage (15 years in), house is worth 400k now, maybe 10k in debt in other things. 2 car loans (but they are leases). My father took out a line of credit for the extra equity on the home.. that's about 200k he has to "play" with which is fucking scary to think about. +- It's a financial problem because our debt to income ratio is completely fucked (I just know it, I've seen some of the statement my mother took earlier and opened it before he saw it). + +EDIT: One other thing is; I DID start my own company (licensed and insured of course) to prevent anything bad happening over 5 months ago after learning of my Dad's habits, and I've been just throwing my mother all the jobs I've been getting and she's extremely happy about it and has no idea it's me working from the shadows. *Only positive part of this post anyway*. I took her house cleaning/gutter company, re-branded it, made a super nice website with online presence and hope that if anything were to happen, I could use that and maybe with hard work get it big enough to be able to secure my family if my father wont. Currently working on SEO's and Adwords campaigns learning the ins and outs so I'm not ALL the way out... but I currently make 0 dollars from the company. + +Yesterday, after many scares/worries my mother caught him gambling at a Casino. God knows how much he has spent over the last 6-7 years. He goes out every single weekend to hang with "friends" but we think it's just him gambling. This is NOT the first time we caught him. I personally caught him when we went to Vegas to "scout out new locations for our business". What actually happened? He left at 5pm and didn't come back til 8am the next morning from gambling. According to my mom, we have 0 savings. We have a few thousand here and there for bills/employees but that's it. + +My mother knew my father was always a gambler, and while she ignored the reality of it for a few years now.. She's sold on the fact that he's been doing it all along hence why we never had any savings. + +I'm in a huge dilemma. I live fine as it is. I make more than minimum wage. My father has promised me the company when I am 25 years old. I don't feel the financial stress my father brings by gambling but it's tearing my family apart. + +We have earned over 2 million in the last 6 years. We have 0 savings. My father is a gambling addict who owns everything in this family. Probably gambles away 15-20k a month or whatevers left after bills. I don't know what to do. He is stubborn and said to all of us "I'm the one that built this so I'm going to do whatever I want, who are you to judge since you guys all live fine don't you?" + +I'm at work right now, and the thought of all of this work going to waste just has me so fucking mad I can't even put it into words. I spend so much time and effort into growing the company I just dont know what to do. + +Do I hold out for dear life and continue through this and work my ass off as I always have been learning the tools of the trade while living rent-free/debt free.. or do I move out, start paying rent.. leave it in the hands of my father 100% who honestly doesn't run it anywhere near as good as I do.. Hate to admit it. and struggle financially for god knows how long. I have very little savings. No credit card. No credit. + +tldr; My dad who is the head of everything in the family and has his name on all of our belongings, wastes all his money gambling it away instead of spreading the wealth/buying a new house/making more money = investing. I was promised the business when I was younger and love the idea since I'm know it 100% in and out and could manage it by myself with ease (just giving my dad 20% of net each month for his things when it's all said and done). Now I'm more worried about my whole FAMILY. We all will suffer if shit hits the fan.. what the hell do we do? My mom is crying to me on the phone now and I don't know what to tell her. Is there a way out? My mother is also co-signed for almost everything and if this all comes crumbling down.. She'll end up on the streets along with my sister, me and my grandma. + + +EDIT: I appreciate the help so far and I know it seems like a "relationships" kind of post. + +But what do I do? I am in the will for the company at 25. I don't have ANY credit. After reading all the stuff about gambling and co-signing, I'm scared to even try to get a co-sign with my father for anything. I make enough for me, but not enough to live alone at the moment. I'm concerned for the family of course, but don't know which road I should go down financially. Do I cut ties and potentially lose a thriving business (which was asked.. has about 10 percent GROWTH every year) and start from 0.. or hold out and hope he doesn't sink "the whole ship" as someone here said. Can my mother do anything with a lawyer to stop the spending? + + +I've mentioned this in a couple of threads, but figure it's good to add more visibility to this glitch in their site. I'm sure it's not the only one. + +But recently I was using blockchain.info wallet and made two new addresses. I sent a small amount of BTC to one of the new addresses as a test and showed up fine in my wallet balance. So then sent the rest of the 15 BTC to the address. Again, it showed in my balance. + +So I log out and log back in an hour later and my BTC is gone and so is that address. I emailed customer service and they said the wallet didn't "sync" properly to their site from my browser or something like that. Basically, they didn't save the private key for that address, so my BTC is still sitting in that address, but the private key for it does not exist. + +If it wasn't securely in my wallet, it shouldn't have shown up in my wallet balance. That is just inexcusable. + +They basically said "tough luck" and would not reimburse me or do anything to help. + +So just be aware that having your account hacked and having BTC stolen is not the only way you can lose it while using blockchain.info. The site itself has some very dangerous bugs that can basically "erase" your money. 15 BTC was a big hit but could have been even worse for me, so now I use cold storage for most all my bitcoin. +There’s a hell of a lot of fear running around (whether you’d like to admit it or not), and all I see on here are people abandoning those ideas that kept getting trotted out during the bull market (be greedy/blood on the streets/buy low etc). This sub is far more smug than wsb so it’s far more infuriating to see here. Let’s address the FUD: + +1.) ‘Don’t fight the fed’ - bullshit. Since the 1950s we have had 13 rate hike cycles - 9 of these correlated with up markets, 4 correlated with down markets. My point is not to say that this time there won’t be a correlation. My point is that NOBODY KNOWS. Link for reference: + +https://images.app.goo.gl/oVzhVPgG4Y4q2cnW6 + +2.) I see a lot of people going ‘fear/blood isn’t here yet etc.’ - these people will never buy because they are scared. These are people who will say, ‘I’ll buy when SPY hits 300’ but if it actually does they’ll 100% go ‘I’ll buy when SPY hits 250.’ These people are scared and have always been like this. Every bear market you hear the same thing. And if you’re still not convinced? Look at the ‘fear and greed index’ - it combines multiple factors including put/call ratios and vix. Currently we are at ‘extreme fear’ with levels comparable to March 2020 and 08/09. We also see ‘extreme fear’ in essential non-events but hey that’s human nature. Link for reference: + +https://edition.cnn.com/markets/fear-and-greed + +3.) ‘If you invested in xxxx then it would’ve taken you x years to break even’ - this assumes that you lump summed SPY just before a crash and then never invested again. This applies to almost nobody. But even if you did - if you held, you would’ve been fine. Link for reference: + +https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/ + +4.) All I’ve seen this last month are people essentially espousing market timing in an effort to find the bottom, or jump back in only when a bottom has been established. But what’s wrong with this? On the surface the latter sounds sensible. Again, history says otherwise. Bank of America did a study showing what your returns would look like from 1930 if you missed the best and worst days in the market. If you stayed invested since 1930, didn’t take out a penny, your returns would be 17,715%. If you missed the best 90 days (out of 21,252, so 0.43% of market days), your returns drop to 28%. That’s not per year, that’s 28% over 90 years. +Of course, if you missed the 90 worst days you’d do the best, but here’s the kicker - 80% of the market’s best days come within 2 weeks of its worst days. I guarantee you - you can’t time that. Link for reference: + +https://www.cnbc.com/amp/2021/03/24/this-chart-shows-why-investors-should-never-try-to-time-the-stock-market.html + +So what conclusions do we have? Buffet/Munger/Lynch all say the same thing. History says the same thing. Statistics say the same thing. + +Ignore the macro. Stick to DCA for indices or valuation for individual stocks. This is financial advice. + +Link for reference: + +https://images.app.goo.gl/fhhh29hDG5QsPfke7 +I'm a software engineer and today I got a LinkedIn message from Susquehanna saying they have openings in their Philadelphia, Chicago, and New York offices. + +I'm trying to figure out how to word my response to them. Earlier in the week, also through LinkedIn, I got a message from Amazon about a job and told them I was not interested in working for Amazon. Maybe I'm a bit sadistic but it was really fun to not only turn them down, but to let them know I didn't like their company. + +I'm thinking I'm going to send a similar response here but let them know as a GME hodler there is no way I could work for a hedge fund - or something to that effect. + +&#x200B; + +https://preview.redd.it/y52zbigr9fm81.png?width=877&format=png&auto=webp&s=56c6e4311d91a14c864b9a7ba09193c07e7e96e8 +Mark Zuckerberg’s poor leadership skills are slowly dragging Meta toward failure, a Harvard expert says. + +Zuckerberg’s shortcomings as CEO are “continuing to derail” the tech giant formerly known as Facebook, according to Bill George, a senior fellow at Harvard Business School and former CEO of medical technology company Medtronic. + +“I think Facebook is not going to do well as long as he’s there,” George tells CNBC Make It. “He’s likely one of the reasons so many people are turning away from the company. He’s really lost his way.” + +George has spent the past 20 years studying leadership failures in the workplace, recently compiling those findings into a new book called, “True North: Leading Authentically in Today’s Workplace, Emerging Leader Edition.” + +In short, George says bosses that lose sight of their most deeply held beliefs, values and purpose as a leader — especially in the name of money, fame or power — are doomed to fail. And after decades of researching high-profile corporate collapses, he says he sees striking similarities to Zuckerberg and Meta today. + +Zuckerberg and Meta did not immediately respond to CNBC Make It’s request for comment. The Meta CEO is largely responsible for his company’s meteoric growth to this point, transforming the company he co-founded in 2004 into a tech giant with a $450.46 billion market cap, as of Monday morning. + +In doing so, he helped create the modern-day social media industry — a move he’s attempting to replicate now by repositioning his company into the metaverse space. Given his past success, it might be unwise to bet against him, as CNBC’s Jim Cramer said on “Squawk Box” in February. + +“I know that this is probably out of fashion, I have total faith in Mark Zuckerberg. I think Zuckerberg’s going to be able to pull off ... the metaverse,” Cramer said, adding that Meta has a track record of rebounding after stock dips, scandal and controversy. “There’s some people you have to bet on. And if you go back to 2018 to that horrible summer breakdown ... no one thought these guys could come back.” + +Still, George says Meta is bound to fail as long as Zuckerberg remains at the helm. Here’s why: + +Full article: [https://www.cnbc.com/2022/09/12/harvard-expert-mark-zuckerberg-is-continuing-to-derail-facebook.html](https://www.cnbc.com/2022/09/12/harvard-expert-mark-zuckerberg-is-continuing-to-derail-facebook.html) + +Mark Zuckerberg is ‘continuing to derail’ Facebook, and his poor leadership skills are slowly dragging it toward failure, Harvard expert Bill George says. META is currently down 53% YTD. Do you agree with Bill George? + Speaker of the House Nancy Pelosi recently added money to the REOF XX LLC. + +Congresstrading notes this LLC received $1.4 million in paycheck protection program (PPP) loans. + +One of the sectors hit hardest during the COVID-19 pandemic was hospitality, which included restaurants and hotels. A member of the U.S. Congress could be betting on the comeback of hotels with a recent investment in an LLC that owns hotels. + +What Happened: Speaker of the House Nancy Pelosi recently added money to the REOF XX LLC that she has previously put money into. + +As reported by Congresstrading on Twitter, Pelosi put $15,000 to $50,000 in the LLC on Aug. 24. The investment was reported today with a new filing. + +The filing said this is an additional investment in the LLC that acquired five Courtyard by Marriott hotels: Fairfax, Virginia (1 hotel); Baltimore, Maryland (2 hotels) and San Antonio, Texas (2 hotels). The Courtyard by Marriott hotels are franchised by Marriott International Inc + +Congresstrading noted that this LLC received $1.4 million in paycheck protection program (PPP) loans as part of the federal government’s program to help struggling businesses during the COVID-19 pandemic. The PPP loan was forgiven and used for payroll according to another source. + +Source: [https://www.benzinga.com/news/22/09/28816573/is-nancy-pelosi-betting-big-on-hotels-a-look-at-an-investment-the-speaker-of-the-house-made](https://www.benzinga.com/news/22/09/28816573/is-nancy-pelosi-betting-big-on-hotels-a-look-at-an-investment-the-speaker-of-the-house-made) +I'll start. I hadn't been an investor before, only putting away some money in a Roth IRA. As I made more money, I was smart enough to avoid debt, but all I did with my money was let it grow in my checking account. + +Then my family was talking about [Dave Ramsey and his baby steps](https://www.daveramsey.com/baby-steps/), and I decided I could handle "baby steps," too. + +I had no debt, so that was an easy step to skip. Then I simply moved a huge chunk of my money from checking to savings, in an account called "Emergency." I finished three steps out of seven right then and there. + +Doesn't seem like a huge change, but from there, I started viewing the excess money in my checking account as something that *needed a job.* I started buying stocks and funds...and, well, the journey began. I learned that some people (like FIRE) are super aggressive with their savings, and I've since become that aggressive myself. + +All because of a few clicks moving money from one account to another. It's amazing how much it can impact your psychology. + +What was the most impactful decision you made on your FI journey? +I always see the FAANG guys posting high numbers but they seem to be including stock options. Are ya'll selling vested stock and including that in income or just including the amount that is released (vested) in that year on top of your actual salary? + +What is a normal salary/cash flow for you guys in tech? + +I'm a small business owner so no stock or anything aside from regular gains which I never take out (bogle style for now). +Hello not sure if this is a "early stage" question. I am quite early in my career but have already started my fatFIRE journey, so hopefully this is an acceptable post. + +I am a 21M graduating in May going to work at a FAANG company in August. I have a substantial amount of cash saved up from 2 summer internships from other FAANG companies. My starting total compensation is around $200k, where \~$150k is cash, \~$50k is in company RSUs, and $15k signing bonus. + +I've been lurking this sub for a couple weeks now and noticed that most people who have fatFIREd in tech mainly worked at a pre-IPO/acquisition company and reached their fatFIRE number predominantly through the IPO/acquisition. + +I definitely want to stay at this company for a couple years because I see a lot of learning opportunities. However, while having a 6 figure salary is nice coming right out of college (even more so coming from a low income family), I am wondering if it is better worth my time to climb the corporate ladder at FAANG or to shop around and see what I think would be a promising pre-IPO/acquisition startup? +Sold company last week and am fatFIRED this week (see my last post.) Bought a house and moving across the country. Moving from 5 bed 3 bath to 6 bed 7 bath and need to bring at least half our furniture (will get rid of the rest) along with tons of boxes of stuff. + +Ideally, I'd like movers who pack everything, bring it across the country to the new house, and then open all the boxes, put everything where I tell them, and take the boxes with them (i.e., I don't want to lift a finger other than to point at where things go.) + +Does anyone have any recommendations for companies/pro-tips/gotchas/etc for this type of move? My dad told me there are only two companies I should consider using (Allied and United) and when I try to search other subs on reddit people are making suggestions on how to save money and do it themselves. +Cathie and ARK [bought](https://cathiesark.com/arkw-holdings-of-pltr) about 1.6M shares of PLTR today on the earnings price drop. It is still only a ~1.2% weight in ARKW after the purchase, so it is not a huge holding (#32 in the fund), but this was a ~67% increase in shares held. + +Yes it is a speculative investment but I see this as another positive sign for the future of Palantir. +Cathie and ARK [bought](https://cathiesark.com/arkw-holdings-of-pltr) about 1.6M shares of PLTR today on the earnings price drop. It is still only a ~1.2% weight in ARKW after the purchase, so it is not a huge holding (#32 in the fund), but this was a ~67% increase in shares held. + +Yes it is a speculative investment but I see this as another positive sign for the future of Palantir. +How do you folks manage the disparity between each person in a couple’s income? + +Let’s say that 1 person earns 2 or 3 times more than the other person? + +Speaking personally, we both put the same amount into the join account each month. That’s the housing budget, childcare, food, Insurances, etc... fund. The rest of your income is yours to save or spend as you wish and for personal obligations like car costs, gym, leisure, etc... + +The large issue I’m finding is that doing it that way, we’re limited to the house/mortgage or large purchase we can make because the mortgage would have to fit within the budget of the lower-earning person’s wage. + +Doing it a different way, the higher-earner might agree to pay proportionally for the bigger mortgage but then is that fair? + +What impetus does the lower-earner have to get a better job if the higher-earner is effectively subsidising the lower-earner’s higher-than-they-could-reasonably-afford’s lifestyle? +The title says it all. Last year from December 14th to January 8th (roughly 3 weeks), the price of BTC went from $19,000 to $40,000. + +I am not saying $100k by year end is going to happen but it isn’t too hard to see how it could get there within the next 3-6 weeks. + +A month ago everyone was wishing they would have bought more in the $40,000s when they had the chance and everyone one was convinced that we were headed to $100k very soon. What has changed in the last couple weeks? Price. Fundamentally nothing has changed. If you believed in $100k a month ago, you should be extremely bullish today. Stop looking at the red in the charts as your gauge. Buy more, hodl, repeat. +I just setup my first 401k. 4% dollar for dollar match. I’m contributing 9% and may bump it up if I can afford to because I want to minimize taxable income. I’m curious to hear from those of you who have “tapped” your 401k to work a deal. I have the option to take out a loan of up to 50k against my 401 (given it has that amount or more) “at a reasonable interest rate”. But I also have the option to use an undefined portion of it toward the purchase of my primary residence (hello triplex or quad). It is my understanding that this amount does not incur the penalty. So, when you refer to “tapping”, are you referring to a loan against your 401 (which maintains the account balance), or are you referring to a withdrawn amount applied toward the purchase of your primary residence (which obviously decreases the balance)? Or perhaps both? + +Lastly, tell me about some deals you’ve done taking advantage of your 401k! Thank you! +I’ve been interested in buying a home in Northern California for some time. + +Can anyone recommend reasonably priced lakes or towns? Or perhaps suggest a website that’s good for looking? I’ve not found most sites to he super useful. + +Bonus points for suggesting something near the Bay Area. + +Thank you! +I’m looking at a rehab that’s estimated to cost between $1mil - $1.5mil so I was just curious about your most expensive rehab. What was the amount? How did it turn out? +I'm struggling to find an answer on BiggerPockets and r/RE forums on how to evaluate my current properties. There are lots of information regarding property analysis on evaluating a property to purchase, but how do those numbers change once real life begins to affect my operating costs? + + +I guess my questions are: +1. How do CapEx affect my CoC metric? Do I add CapEx to my total cash invested? + + +2. After bookkeeping, real cash flow figures and net operating income should be used to recalculate CoC and CAP right? Will these updated figures be used to see if our current investment is doing well? + + +3. Say the investment does poorly cash flow wise the first year (high CapEx) but then stabilizes over time. How do we accommodate to see if the property was overall a good investment over the years? CoC and CAP seem to be point in time metrics - do we average these over time? + + +4. I understand that IRR is based on net present value and can be used to compare current earnings to my initial earnings, dollar wise. Is IRR the better metric to use here? + + +Any insight is much appreciated!! +Not sure if this is the best sub or not, but here goes anyway. + +My husband and I are looking to move, but want to keep our current home to rent out. This will be our first experience trying to invest in real estate. What advice do those who have been landlords have? We are really pretty clueless at this point. +I have a 3/2 condo rental in Socal that I'm worried about. We are seeing comps where the property has gone up over 15% in the last 12 months. The property is barely cash flowing (actually didn't cash flow due to having to replace the garage door) and that is w/o a property manager. Those 2 reasons would be reasons to consider selling.... but the kicker is that we lived in the condo and it would qualify for the residential exemption. We were hoping to rent it for another year but the way the market has been going we are having a hard time finding a reason to keep it. + +Any thoughts? +Asian ethnicity, an American citizen. NW at nearly three million+. Partner and I work in tech with two toddlers in California HCOL. + +Want to relocate to be closer to family. + +&#x200B; + +Anyone with similar experience? + +Can I buy real estate? + +What are my visa options? + +Traveling east Asia sounds very appealing. Realistic? + +Average school in Singapore as good as the good ones in HCOL? + +Culture shock? +The threshold currently is $12m for single people and $24m for married couples. We’re in our mid to late 30s now with 2 kids and may bump into the threshold soon. We’ve talked to one trust and estate attorney recently and honestly came away learning very little so I’m here now to get more information before talking to another. + +As Gary Cohn said, “only morons pay the estate tax.” Well, how do you do it? + +Also, does anyone recommend Vanguard’s estate planning services? I have not talked to them yet and might try them next. +What does your day look like? How big is your account? Is this even obtainable? How long did it take you to get to this point? + +Edit: you guys are great, thanks for all the responses! +I've spent the last few months learning about investing and the finance world and here's my due diligence on Palantir. + +[https://docs.google.com/document/d/1ieh7-xYxn0B\_5d7xYB\_VfoQC4r5aT8n7B\_b6BvmKl6c/edit?usp=sharing](https://docs.google.com/document/d/1ieh7-xYxn0B_5d7xYB_VfoQC4r5aT8n7B_b6BvmKl6c/edit?usp=sharing) + +Some key highlights: + +" **Future of Palantir** + +Palantir estimates that the total TAM in the consulting space is $119 billion with the commercial space worth $56 billion with over 6000 and the government space at $63 billion. In the commercial space, the TAM is calculated by the total number of customers with 6,000 companies with over $500 million revenue and multiplied by the annual contract size (around $10 million a year). The government sector TAM includes government agencies that align with liberal democracies in which the U.S government accounts for $26 billion and international agencies for $37 billion and the federal and state expenditure. + +We expect that in the next 10 years for Palantir to: + +1. Expand their reach (currently 125 customers) more customers in varying spaces and industries, more users, and to continue to innovate with developments in AI and how AI is applied to operations. +2. Palantir’s 5 year outlook projects $4 billion in revenue by 2025 and will be creating positive annual cash flows starting in 2022. +3. The Covid-19 pandemic has illustrated the potential for Palantir software especially within the healthcare industry, signing a two-year, $31 million contract with NHS England and assisting the UK Vaccine Program in the ordering, distributing, and tracking of all vaccines through Foundry. Furthermore, during COVID-19, Palantir partnered with hospitals and government organizations to help manage medical supply chains, analyze efficient medical practices, and maximize hospital efficiency in operations. +4. By utilizing Palantir, organizations are able to adapt to changing environments and the operating systems for the modern enterprise give insights into decisions into alpha, pathing into a future leader of the data analytics consulting space. +5. The building and enabling of the software with connected institutions and companies allows for business software integration along with the vertical integration nature of Palantir’s infrastructure. +6. In addition, Palantir’s software creates organic growth and value for companies that allows for individual expansion with individual organizations to accommodate new users, workflows, and can rapidly scale to that of an institution. +7. Palantir to become the default operating system for data across the U.S government following the court ruling in [Palantir vs. U.S Army (2016)](https://www.defensenews.com/land/2019/03/29/palantir-who-successfully-sued-the-army-just-won-a-major-army-contract/), where the court ruled that the Army violated the 1994 Federal Acquisition Streamlining Act and that the Army not conducted research into commercial products, Palantir’s Gotham technology, that was more efficient and cheaper than DCGS-A. Palantir was eventually awarded a ten year contract worth over $876 million over competitor Raytheon Technologies. The controversy was brought to Capitol Hill by Rep. (Republican) Duncan Hunter who voiced the desires of thousands of soldiers in the battlefield. +8. Become a leader in the commercial consulting space, following the increase in the sales force and spending in marketing which plays a major role in an expanding customer base. +9. In both Gotham and Foundry, the “Digital Twin” is effective in upgrading the product such as improving the weapons system and connecting its infrastructure with the company which not only make the company more efficient but better and more competitive. " + + + +\*The Content here is purely for educational and entertainment purposes. I am not a financial advisor. Do your own due diligence and research first. + +I'm open to any feedback or questions. Thanks! +[Hiya r\/Superstonk jellyfish after hours with you! ](https://i.redd.it/1x0k998wpq971.gif) + +As the title says, I want to consolidate the recent banking information into one post. + +First, the conclusion: + +While the rest of the world's banks are acting, The Fed still claims this inflation is “transitory.” + +Hell or high water, they seem intent on trying to follow the playbook from the last crisis: + +1. End asset purchases. +2. After the balance sheets quit growing then hike rates. +3. *maybe* shrink the balance sheet after raising rates. + +This approach worked 'well' last time because inflation was so low. As I have been arguing, that is not the environment we are in at this time--people's mindsets have changed about inflation, these prices are getting paid and inflation is running rampant. + +[brrrrr running hot!](https://i.redd.it/8ocr9xd80r971.gif) + +The Fed is asleep at the printer (as all the other world banks taking action while The Fed had up to this point only been talking about talking about doing stuff...) + +[talking about talking about doing stuff...](https://preview.redd.it/mf9tqz3hqq971.jpg?width=250&format=pjpg&auto=webp&s=8b352c4cc096fa9b42775d48bbff3cad1361bbae) + +# Australia + +First up, the Australians. First, some level setting on the Australian economy and why inflation is such an issue: + +[Also, courtesy u\/joofntool https:\/\/www.youtube.com\/watch?v=j2AvU2cfXRk&list=WL&index=161](https://reddit.com/link/ofe7s8/video/wemf6j9xrq971/player) + +All in jest Australia, this Jellyfish loves you! + +[https:\/\/www.rba.gov.au\/media-releases\/2021\/mr-21-13.html](https://preview.redd.it/pt1kqkwyqq971.png?width=991&format=png&auto=webp&s=5e8925007193dbf8011a41cc32a1f35cfcef2f7b) + +The Reserve Bank of Australia announced today that it would taper its Quantitative Easing (central bank purchases securities from the market in order to increase the money supply), by reducing weekly purchases of government bonds by A$1 billion a week, to A$4 billion a week--down from A$5 billion per week. + +# Canada + +[“moral hazard” “signs of extrapolative expectations and speculative behavior”](https://i.redd.it/2fsdbcrysq971.gif) + +Canada announced the first reduction in QE back in October last year, from C$5 billion to C$4 billion, when it also ended buying mortgage-backed securities. In March 2021, it started unwinding its liquidity facilities, citing [“moral hazard”](https://www.bankofcanada.ca/2021/03/market-stress-relief-role-bank-canadas-balance-sheet/) as the reason. In April, it announced a further reduction, to C$3 billion, citing [“signs of extrapolative expectations and speculative behavior”](https://www.theglobeandmail.com/business/article-bank-of-canada-governor-says-red-hot-housing-market-showing-signs-of/) in the housing market. + +Canada's balance sheet dropped from C$575 billion at the peak in March, to C$481 billion as of June 30. + +# England + +&#x200B; + +[an “operational decision” that “should not be interpreted as a change in the stance of monetary policy.”](https://i.redd.it/k3pxmw5ctq971.gif) + +The Bank of England [announced in May](https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2021/may-2021) that it would reduce QE, winding down the bond purchases from £4.4 billion a week to £3.4 billion a week. + +The Bank of England denied that it is reducing QE, calling it an “operational decision” that “should not be interpreted as a change in the stance of monetary policy.” + +The reason this does not count, [according to BoE governor Andrew Bailey at the post-meeting press conference](https://www.morningstar.com/news/marketwatch/20210506583/bailey-says-reduction-in-bank-of-england-bond-purchases-isnt-tapering-markets-seem-to-agree), is that the BoE didn’t change its “fixed amounts” of its overall QE target of £895 billion, it’s just buying less per week to get to this target. + +# Ireland + +https://i.redd.it/01aqagf0uq971.gif + +The Eurosystem is purchasing €60 billion of public sector and private sector bonds per month across four purchase programs. The programs were launched to address the risks of a prolonged period of low inflation. There are four purchase programs, namely the: + +1. Third Covered Bond Purchase Programme ([CBPP3](https://www.centralbank.ie/monetary-policy/policy-implementation/asset-purchase-programmes/cbpp3)) +2. Asset-Backed Securities Purchase Programme ([ABSPP](https://www.centralbank.ie/monetary-policy/policy-implementation/asset-purchase-programmes/abspp)) +3. Public Sector Purchase Programme ([PSPP](https://www.centralbank.ie/monetary-policy/policy-implementation/asset-purchase-programmes/pspp)) +4. Corporate Sector Purchase Programme ([CSPP](https://www.centralbank.ie/monetary-policy/policy-implementation/asset-purchase-programmes/cspp)) + +\*More information on the purchase programs can be found on the [ECB’s website](https://www.ecb.europa.eu/mopo/implement/omt/html/index.en.html) + +[Irish-resident banks’ outstanding borrowing](https://www.centralbank.ie/statistics/data-and-analysis/credit-and-banking-statistics/bank-balance-sheets) from the Central Bank as part of Eurosystem monetary policy operations were unchanged in May and stands at €18.6 billion. + +Bonus 'Fun fact on housing': Loans for house purchase decreased by €86 million in net terms over the month. In annual terms, the growth rate in May remained positive, at 0.6 percent, but down from 1.6 percent a year earlier. In annual terms, the net flows of lending for house purchase amounted to €451 million, an increase from the month of April, which was €408 million. + +https://preview.redd.it/5rhwgwl5uq971.png?width=785&format=png&auto=webp&s=a7738f0d438213722037c36a27646d11514501dc + +# Japan + +[Bank of Japan is one of the OG's of brrrrr!](https://i.redd.it/vgzl6phmuq971.gif) + +The Bank of Japan on [July 2nd showed](https://www.boj.or.jp/en/statistics/boj/other/acmai/release/2021/ac210630.htm/) that its total assets fell by ¥7.7 trillion (\~$70 billion) at the end of June compared to the end of May. Balance at ¥717 trillion (\~$6.5 trillion). + +# Ukraine + +[Not a review of their central bank, but Ukraine working to lock up a strategic natural resource that will help their economy hedge inflation:](https://i.redd.it/g8y56ekdzq971.gif) + +[https:\/\/www.ebrd.com\/news\/2021\/ebrd-supports-private-ukrainian-gas-trader-eru-trading-.html](https://preview.redd.it/ziubk3x1zq971.png?width=1024&format=png&auto=webp&s=e0901b8ba8ccde62741a6f3dc004c4d67c85daf0) + +I think I can update this post as I find more central banks to update with? Thanks and hope everyone enjoyed this dive! + +https://i.redd.it/pxp2w3m8vq971.gif +It has to be the 2097 - the more common 2091 doesn't eliminate the volatile organic compounds produced by mold and mildew. The effect is pretty dramatic, and it blocks almost all smells, too - you can be in an outhouse and never know. They're about $8 for a set, though they need to be replaced every few days. + +If anyone has any input on how to sleep in the damn things, I'd *really* appreciate it. The 3M respirators are itchy. +Dear Apes, I am wondering what ever happened to indicting the rich and corrupt for their financial crimes in 2008? + +Millions of Families were ruined and what happened to those who did this financial terrorism on American Citizens- nothing. + +Apes already know the narrative is being set up to allow a Scapegoat just like in 2008. + +Apes see the corruption that’s rotting the system from the inside out. + +I’ll be patient, but I expect a repeat of the 2008 crisis- Scapegoats will be made and the rich will become richer. + +SEC do your job this time around and quit visiting Pornhub on American Taxpayers Dollars. + +Peace and Love to Apes. +I'll start. + +Worst performer was Costa Group (CGC) which got hammered by the drought causing multiple profit downgrades among other issues. I plan on keeping it stuck in the bottom drawer and crying until it recovers ;-) + +Best performer was Mesoblast (MSB) and I'm considering accumulating more if it falls back below $2. Long term I have very high hopes for MSB and she is cashed up moving into 2020 with a very promising clinical trial pipeline and multiple potential good news stories coming. DYOR of course as you never know with biotechs and MSB in particular has had quite a tumultuous history. +This is a property I’ve inspected & almost bought in 2018. I thought it was a good example of an apartment that can experience capital gains. Many people put down apartments (and in general they have been having lower capital returns) they can be great investments. For nice areas like Lane Cove on Sydney North Shore they can be the only property type accessible for many. + +Sold History + +Jan 2014 = $991k (off the plan) + +Aug 2018 = $1.25m + +Sep 2021 = $1.43m + +Return is circa 4.9% p.a. since it was built and 4.5% p.a. since it sold 3 years ago. + +It’s also been rented in the past at $845 p/w which is a gross yield of 3% on current price, 3.5% on 2018 price or 4.4% on 2014 price. Net yield (I think strata about $1.3k pq) 2.7%, 3% on 2018 price or 3.9% on 2014 price. + +So the investment in 2014 would have yielded circa 8.8% p.a. in capital gains and net rental. This is before leverage! + +With leverage, let’s just assume for simplicity that net rental yield of 3.9% covered interest costs at 80% LVR. Then your returns are simply the capital gains of 4.4% p.a. or 33% over 7.5yrs. + +Your capital gain is approx: $1,430k - $991k - $40k stamp duty - $30k agent fees = $369k gain + +Investment was $$238k (20% + stamp duty) + +That’s a cash-on-cash return on equity of $369/$238k = 155% over the 7.5yrs. + +Now before you start, there are probably plenty of things that can be improved on the above calculations. It’s simplistic for a reason. Just a basic example that apartments are not all a bad investment. + +This post is to show, for people who can’t afford houses in these areas, that apartments are a viable option. This one in particular is a 3br penthouse level apartment with great outlook on Sydney’s North Shore. + +Not all apartments are created equal. + + +[302a/5 Centennial Ave, Lane Cove North](https://www.domain.com.au/property-profile/302a-5-centennial-avenue-lane-cove-north-nsw-2066) +[https://finance.yahoo.com/news/eu-wants-ban-ai-surveillance-145317619.html](https://finance.yahoo.com/news/eu-wants-ban-ai-surveillance-145317619.html) + +&#x200B; + +This could effect TECH stocks a lot. Maybe in Asia and America it's okay that there is surveillance everywhere but not in Europe. This could possible effect some of the stocks. + +Me as European i am happy. I love tech stock but Europeans never support **surveillance** + +What you guys think about it? Temporary AI stocks fall? +I legit can’t afford anything and all I think about how easy my life would be if I just had 5k to my name. I don’t get any government assistance because apparently I make too much… which is bs because I’m barely scraping by. I’m honestly so exhausted and doesn’t help I’m currently grieving over my mother passing. I work all the time but it’s not a enough. I don’t have a car so getting around is so hard… I just wished someone would just help me out once. I wished I came from well off parents… + + +Thanks everyone who replied. I honestly wasn’t expecting a response. Im 23 years old and I was kinda thrown into life after my mom passed away. We helped another out and she was my best friend. Now I’m scrambling to find an place to live on top of finding a car. I know things were expensive which is why my mom and I always went half on everything. Now it’s just me. I work hard but my hours have been cut due to the slow season. Sometimes I’m so depressed and stressed out I can’t talk. I know one day I won’t be here and I’ll be comfortable. Which is what I want. I want to be comfortable. I want to come home and be like “yeah this is okay. Im happy here” as of right now I don’t feel like. I been hit with new challenges left and right which put a big total on my pockets….This post was made quickly out of wanting to get out my head. Thank you. For just listening…. +It seems Elons tweet is being met with a little bit of resistance here. But if we overlook this one person and our feelings about him for a moment. Bitcoin was designed over a decade ago, problems with scalability were impossible to see. We are already at a point were the energy demand is unsustainable and it will only get worse from here. Arguments how bitcoin will drive energy innovation are silly when we have working products that dont need to solve this problem at all. + +We have many better technologies available now, why not say good bye to bitcoin dominance? Our biggest player doesnt have to be our weakest link(in terms of technology). It will have to happen sooner or later, the bitcoin community isnt exactly an innovative community for a community that changed the world. +Is there an ape out there with time and skills that can make an easy to understand PDF reference sheet on the topic of “So you want to be a GME investor. Here’s how to buy:” and after that lay out DRS, computer share stock plan purchase vs book, if not there, then which exchanges to route orders to, followed by which brokers are good and bad based on what they did last year during that sneeze. + +We can then take that document and post it at the top under the DRS one to point to the “how to” invest properly pamphlet. + +My thoughts are that once a second wave of FOMO comes rolling in, we should make it as easy as possible for new investors to come here and understand how to buy and hold any stock the right way. + +Thanks for all those that can help. + +Oook Oook +This is my first time posting here so my apologies if this isn't the right sub for this question. + +Some of the relevant details: +I live in Silicon Valley. That should probably explain a lot on its own. I bought my town home in 2012 for $430k. I currently have a little under $300k left on the loan. It's a 30-yr fixed at around 3.875%(if I remember correctly). I'm paying around $1400/month for the mortgage. An identical town home in my complex just sold for $1,225,000. + +So I have a whole lot of equity in my house. I'm a first time homeowner and I've heard I'm supposed to "make my wealth work for me" but I don't really know what means or what to do, if anything. What options do I have? + +I'm about to go to bed right now but I'll respond to any questions that people might have tomorrow. Thanks for any helpful advice! + +Edit: wealth not health. Also WOW. I was not expecting so many replies! Thanks everyone. It'll take a while to read through everything but after a quick scan of the responses, a little bit more relevant info: I don't want to move out of the bay area anytime soon. I love this area too much. I have a secure job and my commute is pretty good as well. My girlfriend (who lives with me) and I definitely don't want kids. +So I just got a ledger nano S and was reading about all the ways they can intercept your crypto. It had me thinking of everything that goes into owning crypto and how many intricate ways you can be scammed out of your coins, even with a hardware wallet. + +Most people can't even take care of their belongings. We have car and home insurance, if we forget our pin or lose our bank card we can go to the bank to get another one. + +People will always turn to authority when they get taken for a ride, and I'm a little concerned our society might not want to move back into a society where your assets are entirely your responsibility. + +I think a lot of people will lose their private keys and they will be absolutely screwed. How many bitcoin have been lost from such silliness? + +Thoughts? +Hey there! I' m a programmer that's interested in learning how to create algoTrading systems. Do u know any good books for beginners? What are your recommendations? Thank you! +Has anyone here attempted using TensorFlow’s text analysis and correlating it with daily, weekly or monthly moving averages? If so any interesting analysis come out of it? Any code to share (I mainly use Python)? + +My idea is to use TF’s text analysis and correlate to sell/buy trends much like TF’s IMBD positive / negative tutorial for text analysis. Thoughts/ideas? Anyone interested in collaborating? + +Cheers. +Anyone here ever tried agent based market simulation? I've been considering this for a while: simulating the stock market with a fake exchange and lots of containerised market participants. + +In my case the pay off is that you can use it to train RL agents for the real world. + +I've recently discovered serious companies are actually doing this research, and I'd be fascinated to here if anyone has first hand experience with it. +I have an ML model but it takes 2 chili cheese dogs to complete on average and that's just inconvenient. What language is the best bang for my buck to both further my data analytics skills and runsfaster than python? + +edit: I appreciate you guys taking the time to respond, I am already reworking my python code using your tips :) +I read posts and comments that always seem to end up being binary. Some talk about the hardships of having a high savings rate, others the joys of having a high savings rate. Some talk about the guilt of having a low savings rate, others the relief of lowering your savings rate. I think that we can fall prey into identifying ourselves as this type of person or that type of person. + +I think using a more neutral analogy is helpful, enter the boat builder. We're all building our boats in this sub. Once your boat can support yourself, you're FI. In the meantime, the only way to stay afloat is to tread water or rent someone else's boat. + +* Some of us have to work in tough conditions. If you're building your boat underwater, well, good luck. Best to deal with one problem at a time. Others may start with all the materials lying right at their feet. +* Some people are more skilled at building boats or have had their parents teach them how. Others have to learn everything on their own. +* Some enjoy the process so don't mind building a bit longer. Others like to build the smallest boat possible and take off. +* Some discover partners to help them build. Others prefer to make their boat first, then see what's out there. +* Some envision a great big yacht that will take them around the world. Others envision the freedom of no longer needing to build. +* Some plan on making improvements to their boat after they've set off on their maiden voyage. Others don't have a choice and are pushed out to sea with what they've got. + +As we all build our boats, we have some good days and some not so good days. We can exert more effort, take a class on boat building, get lucky and inherit a partially built boat, or lose it all to a fire and have to start over again. Through it all, we still continue our work. Fortunately for us, we all discovered that a boat is what we need or want. Others are building sandcastles. + +Edit: Thanks for the gold, stranger. And thanks for all the nice comments, this is why I keep coming back to this sub! +Hy guys its been 1 year in trading and haven't started yet ..paper trading on trading view +I want to trade options and i have a capital of 4k usd and I am 30 year old ..cant loose this money other wise I will end up in depression maybe + +So in 1 year I did like 6-7 udemy courses a lot of paper trading and a lot of yt videos + +But I am not able to generate profit till now in paper trading.. But now I am not at least making loss + +Break even in crypto and forex + +And a small profit in stock options + +But I want to be a full time intraday options trader in stocks.. So I decided to stop paper trading and decided to read 10 books in January + +1. Price action trading trends by al brooks +2. Price action trading reversal by al brooks +3. Price action trading ranges by al brooks +4. Trade like a stock market wizard +5. The disciplined trader +6. The new trading for a living by willey trading +7.trading in the zone + +Any more 3 books you guys want to recommend pls comment... + +I am ready to do whatever it takes and then I will again paper trader for two months in feb and March and in April ..after 1.3 years I will start live trading with only 2% risk per trade... + +But I cant loose this money in any condition +As I am married and a great failure person in career +So kind of last opportunity +And as far as I know myself +I will do it.. +And I can't loose this money means I can loose this money but its my last chance to do something in life +Other wise I will have to settle for a ordinary life +Kind of a last chance + +Thanks in advance +As we all know, after a big loss it’s good to take a break from trading but what’s after a big win? + +Are most of you taking a break also just to “stabilize” the confidence? +My parents are kicking me out in May I need to create a plan, I really need help with It, I failed my GCSEs I don't have a levels/ no high school diploma basically. I do have learning difficulty. Now I don't know what to do, is there any job I could apply to or maybe any business I could start? Can anyone help me create a plan so I am prepared? + +I don't have any friends and the rest of my family support my parents decision, I basically have nothing except my £335, I don't have any hobbies so I can dedicate most of my time to work or the business anyone of you can suggest, I can move to a different country if that would help right now I am in England, I was thinking of the US or Switzerland I don't even know, what would you do in my position step by step, I would greatly appreciate your help. +Also (I don't have a car and motorcycle license) +Thank you. +This is the official $GME Megathread for r/Superstonk. 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Check the main page for the sticky post and vote now! + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +It's been said here before, and I'll say it again. + +Crypto is not a get rich quick scheme. Investing in shitcoins do not change that. + +Meanwhile, investing in well supported and good coins have a high chance of making you good profits in the future. But this is the far future. + +That being said, if you invest to bet on earning money to aid you to live like you would be paycheck to paycheck, you're doing something wrong. + +That's where a job comes in. A job should never be replaced by crypto. Use the fiat from your job to sustain yourself. Use crypto to assist you in the future. +WMC, MITT, CHMI, etc down 35%+ today + +There isn't a lot of news surrounding these but I assume this means traders expect a lot of foreclosures as a result of layoffs as a result of a recession? + +2007 vibes? +I wasn't really sure where would be the best place to post this, so I hope this subreddit is alright. + +I’ve heard that when it comes to econ it’s better to get a PhD, so I’ve been curious about somethings. + +1. What kind of topics do researchers in economics study or is it different than what I imagine researcher in say, science would do (since when I think of research, I only think of lab work -I think they are called, wetlabs or something-)? +2. Do they have to go into academia or teaching if they get a PhD? I’ve heard from others that you are usually at the whim of your boss or the school as to what you get to research. +3. If you are only interested in research, do you have to teach as well? Or can you research even on a masters? +4. If the answer to number three is yes to the masters, what kind of difference is there between research with a masters and research with a PhD? +5. Is it possible to get a career not in academia/teaching (I’m not very interested in teaching)? What kind of careers can you find not in academia/teaching? +6. Also, does the college that you major in econ matter? Or is it where you go for your masters/PhD? +7. Can you get good job security with an econ major, or would you need a double major to go along with it? +For example: a building only has central heating that, when switched on, can only heat the whole building (and not individual rooms or zones). + +Not a good example: A highway, which would suffer from increased wear and tear the more people that use it, and therefore will necessitate more expenditures on upkeep with increased traffic. +So after reading a study from the Federal Reserve of Minnesota, I had an interesting thought. It showed that in a world without Medicaid and medicare, wages would go up 11% and capital per capita also goes up. This of course comes with the negatives of higher healthcare cost on the previous Medicare beneficiaries. If we gave out a “healthcare card” which gave the bottom 10% around 4k a year, and the rest of the bottom 80% around 2k a year. This can only be spent on health services or insurance. This would also advocate for major tax cuts on the bottom two/three tax brackets. From wage increases, lower taxes, and healthcare cards wouldn’t this offset the losses and benefit more people? +I asked a question in r/NoStupidQuestions, and there were enough questions and unsatisfactory answers that spun out from that that it warranted a more fleshed out question in r/AskEconomics. The question is this: +Is it possible to print money to raise wealth in a country, but avoid hyperinflation by capping prices across sectors? +If the value of the currency is based on purchasing power, and you cap prices so that the cost of any given good or service remains the same, shouldn't the value of your currency remain static, no matter how much of it is in circulation? +One would have to tie a fluctuating cap for products with insufficient domestic supply to international commodity prices. For instance, the price of an apple fluctuates (only if domestic supply is insufficient) in line with the fluctuation of the international market, with trade agreements set up to respect that. Or if a domestic manufacturer is making airplane parts from imported pig iron, the price of their parts fluctuates with the unimproved commodity price. +If a country works on a system of price controls and trade agreements first, to avoid initial hyperinflation, and once it can satisfactorily prevent leaks, start raising currency levels, could this work? +Thanks for the help! +Or is this simply an impossibility? + +Take mercantilism - colonies were given some currency or goods in exchange for their raw materials, so both parties received some benefit. But didn't the colonial power receive a better margin on the trade through the use of military/political power? + +Thanks. +Just want to preface I know next to nothing about economics or the housing market but I would like to learn more and I’m curious about this argument. That there simply is not enough houses at the moment and that if we build more homes the other ones will naturally decrease in value making it more affordable for more people. + +This seems like it makes sense, but would this solve the actual issue of homelessness? I can see how it might make it more affordable for working class people or college graduates or something, which is good, but what about the people who are homeless from things like domestic abuse or substance abuse? Would this decrease in house prices actually give them a realistic path to home ownership as well? + +Again, sorry if this is a stupid question but I always feel like this argument doesn’t always address other reasons why people become homeless or can’t afford a home in general. +In addition to there being higher demand than there is supply, some companies are buying up houses at prices well above market value. This has caused the value of homes to increase by more than it normally would. Now, coupled with the increased demand post-pandemic, homes are being sold for significantly more than they were a year ago. + +Is the fact that companies are taking advantage of the lumber shortage, buying up all the houses and selling/renting them for significantly more considered price gouging? +Generally democratic countries with rule of law, capitalism and strong work ethic have higher GDP. Yet the PPP income per capita in the US is $67K, in the UK it is $46K and in Russia it is just under $31K. This means are we Brits closer in terms of levels to wealth to Russia than we are to America. Is this just a statistic or is there something more to this? + +Given the UK and US's shared history of democracy, capitalism, free markets, rule of law and given Russia's history of authoritarianism, lack of rule of law and corruption, you would expect the UK to be as wealthy as the US yet it is actually closer to Russia. Why is this? +One problem I've heard about in science is P-Hacking, where studies take a lot of dependent variables from one independent variable, increasing the chance of statistically significant, but completely coincidental result. This isn't necessarily done conciously, but is often unintentionally selected for due to the probability of producing interesting results. + +From what I understand, economists often look at multiple variables during unique situations, and then try to notice what's different from previous similar (but not identical) situations in order to determine causation. + +This seems succeptable to P-hacking to me, especially since economics isn't replicable at a completely controllable level. + +What prevents economists from (intentionally or unintentionally) P-hacking? +I am aware that there is still free transmission TV but it is not the mainstream TV that used to be. Instead the mainstream is cable or satellite or similar pay for service television. The quality of cable is horrible. Satellite TV has its own problems. Before these pay for service options became available the free transmission option would sometimes breakdown but after all it was free and it did not seem to have as many problems as the pay for service options that are curiously mainstream now. + +I appreciate your input. +Why does the government not lend money to its people? Why does it lend it to banks who in turn lends to the people at higher rates (since the bank wants to profit), surely the government could just skip the banks and lend to us directly? + + +I've been attempting to do some research on the what the EU has done for its member nations as a whole. My initial assumption was that the EU had its fair share of problems (like any other country or organization) but was an overall net positive to its member nations by maximizing competition and trade among each other. However, I found an article (https://hbr.org/2013/06/the-european-union-a-failed-ex) that concluded with the statement: + +> It would be better to start now directing our efforts and energy to winding down the whole EU project as quickly as possible; and in parallel to ramp up efforts and policies to help European economies to prosper as separate nations, learning how best to work together. + +In addition, I have also read that the EU has failed to achieve its economic goals, and that some of the problems it's facing right now are just natural consequences of its very existence (the primary example that comes to mind is the Eurozone crisis). + +Given all of this pretext, I have few questions that I wasn't able to get answered from Google: + +1. Has the EU been successful economically? If not, is its a lack of success attributed to external factors (e.g. austerity measures)? +1. What measures could be used with mitigating some of the problems its facing? +1. Should the EU cease to exist and each of its member nations work separately? +So I peruse a lot of political subreddits and I came across this comment in r/asktrumpsupporters that read: + +"Unfunded mandates that exist because of the Mandatory Budget and it's programs will bankrupt the US unless they force us into hyperinflation....which will bankrupt everyone but the ultra-wealthy. + +We spend close to 3 trillion dollars a year on entitlements and the Federal Agencies which manage them. + +For perspective, that is more than enough money to give every new born American citizen a $750,000 birth trust fund instead of an IOU for benefits, every year, forever....or until the second generation when the first-gen kids can give their children a birth trust without the government. Literally making every child born in the US a millionaire before they retire is cheaper than operating the welfare state. + +Every year the Mandatory Budget increases by 2-3% plus emergency entitlements like Covid spending. That means in 25 years it will be 6 Trillion dollars in 2020 cash equivalent. It is an unsustainable spending spree which has not solved any problem it was created to address....rather the enormous pool of money has attracted rent seeking bureaucrats, lifetime beneficiaries, migrants looking for benefits, etc." + +Admittedly, I know very little of economics other than what I sometimes absorb on Reddit discussions, so I'd figure I'd ask you guys if what he said is true and how feasible it would be to give every newborn child a $750,000 birth trust fund? Would that be better for the economy? +For example, the US is indebted to china with approx 1 trillion dollars, what would make the US pay their debts? what happens if they refuse to pay the debts? +Hong Kong is often called one of the world's freest economies. Yet it also quite prosperous, with its GDP ranking fairly high compared to the rest of the world. Does this contradict the idea that demand-side economics is more beneficial to the economy overall than a laissez-faire approach? +There is a lot of talk about how manufacturing jobs have increased in a big way over the last few years. + +What I don't hear talked about is why this is the case. Is it directly attributable to Trump eg his tax bill or tariffs? Is there a rebound due to a separate reason? Is there a negative upshot to the news or is it pretty much all positive? + +In other words, I am trying to get a bit more understanding on the current boom in manufacturing jobs. +What benefit do restaurants get out of letting people reserve them days in advance - instead of just filling up with the first however-many people to walk in off the street? + +I understand that they could simply raise prices until they didn't exceed capacity but I'm assuming that for each kind of restaurant, its clientele must be very price-sensitive: full house, needing reservations at $20 a plate - empty, no one even calling to reserve at $34 a plate. + +but that does not explain why it's not first-come, first-served... +Hello, + + +So I used to think I had a pretty solid background in econ, and then I started reading a lot of Steve Keen and i learned a lot about the assumptions put in place in modern econ (I'm a few chapters into *Debunking Economics*, and (just finished the demand curve chapter), it seems pretty solid from what I can tell, especially his arguments about utility maximization and the different shapes of the demand curve). I still got plenty left to read but, out of curiosity, i looked up Steve Keen and trump. + +I found this article: [https://www.forbes.com/sites/stevekeen/2016/11/11/trumps-truthful-heresy-on-globalization-and-free-trade/](https://www.forbes.com/sites/stevekeen/2016/11/11/trumps-truthful-heresy-on-globalization-and-free-trade/) + +> Ricardo argued that free trade could nonetheless benefit both countries, if England devoted *all* of its workers to producing cloth, while Portugal turned all its workers into wine makers, because the total amount of wine and cloth produced by the two countries would be higher. They could trade the two commodities, and everyone would be better off than if trade didn’t occur. So specialization allows “gains from trade”. Drop the tariff barriers, and everyone will win—even the inhabitants of the weaker economy. + +> +>The argument might sound convincing, until you ask a simple question: “So how do you turn a wine press into a [spinning jenny](https://en.wikipedia.org/wiki/Spinning_jenny)?”. Answer? You don’t. +> +>Ricardo’s model assumed that you could produce wine or cloth with only labour, but of course you can’t. You need machines as well, and machinery is specific to each industry. The essential machinery for making wine can’t be used to make anything else, if its use becomes unprofitable. It is either scrapped, sold at a large loss, or shipped overseas. Ditto a spinning jenny, or a steel mill: if making steel becomes unprofitable, the capital involved in its production is effectively destroyed. + +I did a bit more reading and he also argues that most modern industrialized countries got that way via protectionism (it is true that the UK and America both had very high tariffs, and that necessitated investment in industry at home. It's also true that S. Korea and Japan did the whole infant industry thing, and China very much engaged in protectionism to get rich. + +&#x200B; + +Now, I have a number of ideological reasons that i'm not super comfortable with this line of reasoning. But let's focus on economics. + +My initial thought was this: just sell your capital goods to the other guy. Sell your english wine press to Portugal, and buy their spinning jennys. Maybe that's a simplistic argument, but that was my first go to. Idk if that's true though, cause i mean we can certainly find rusting factories in the Rust belt (though idk if they still have their machinery or if it was sold off to the foreign industry or scrapped for parts and used in more productive industries). + +My second was to ask: what even is the point of industrialization if it means more expensive and shittier goods? Perhaps he is right about equilibrium with S&D, but sellers still have to compete on quality, if I make a better good than you I can get more customers no? + +Plus, a lot of recent evidence has shown freer trader tends to have benefits, though its downsides are localized. Like, Botswana is the poster child of this. They used foreign trade deals and the like to sell mineral wealth and they got rich off it (and are still one of the richest and most stable countries in Africa). + +I could be wrong, but those were my initial thoughts. I like a lot of Steve Keen but this one kinda threw me for a loop. Am I missing something here? +Recently in the Washington state senate [Bill 5464](http://app.leg.wa.gov/billsummary?BillNumber=5464&Year=2017) has been introduced which in effect seeks to establish a public bank for the state of Washington (At least from what I've been told/read). + +The senator that introduced the bill, Senator Bob Hasegawa, states that “The Washington Investment Trust will keep taxpayer dollars in our state working for Washingtonians instead of Wall Street... It will generate revenue, but also save money and provide public financing options by loaning money to ourselves rather than going through big banks and bond brokers. We could boost local economies, invest in infrastructure like clean water and sewer projects and even provide loans for students and small businesses. Currently, the state sets aside over $1 billion per year in our operating budget for debt service, much of which is profit to Wall Street. Instead of paying profits to bankers, we could be borrowing from and repaying ourselves.” (Sourced from [here.](http://sdc.wastateleg.org/hasegawa/2017/01/25/state-bank-would-keep-washington-dollars-working-for-the-people/)) He further points to the Bank of North Dakota as a model, which apparently has posted its 12th consecutive year of profits. + +Admittedly, I've been having trouble finding any substantial criticisms of this ploy that really strike home to me (Initial start up capital costs that would strain the budget, and an economic disruption to the financial sector are the chief ones I've found, but I'm probably not looking in the right places), but I admit to being skeptical of Hasegawa and other proponent's rosy view of the matter. + +I was curious if there was any substantial economic opinion regarding this, good or bad. Hopefully this is the right subreddit for a question like this. + +Please keep in mind I'm almost entirely illiterate economically or financially speaking, so I apologize if I write or have written things that don't make sense, are mind numbingly stupid, misread clear statements, or otherwise offend. +A lot of people seem to be predicting a market crash soon. There is also 1.5 trillion dollars outstanding in student loans. If the market crashes and nobody can pay those loans, what will be the likely result? Will the bubbles pop almost simultaneously causing an even larger crash? +Hello, I'm an undergraduate student in economics, interested in graduate school. I know most programs recommend completing at least calculus, linear algebra, and real analysis. However, I was curious about the math you will do in graduate school itself, will there be math classes? Will the math just be integrated into economics courses? Will you actually use a lot of math you learned in undergrad? Thanks in advance for any advice/anecdotes. + I watched some video about different stock types. The video mentioned that some companies like McDonalds for ex pay higher dividends to encourage long term holding of their stock. + +I didn't understand the concept. I can get why companies may care about share price, but the time a share is held by an investor? Why does it matter? +Past decades we can see rising public debt in all economies around the world, reaching record levels in many countries. Many of those countries have demoxratic goverments that does not really seems to care for the long term and hence do not care about reducing the debt. + +So... is bigger inflation the easiest "way out" for goverments? Seems like central banks are putting tons of cash into the market for past years. Is there any good reference time in history for situation like that or a good literature? +Sorry if the question is obvious or something, but I'm in econ 101 and we are learning taxes/externalities and we have to write a paper on automation. It's pretty fun actually, we analyze [this](https://www.wsj.com/articles/san-franciscos-problem-isnt-robots-its-the-15-wage-floor-1511559993) article and write a "letter" to the SF board. + +Anyway, I was wondering, when automation is used, could job loss be considered a negative externality? I was then going to suggest having "automation permits" like there are "pollution permits", as that seems to be more effective at reducing an externality than taxes. + +Thanks! +In order to increase money supply, the fed can choose to buy US bonds in an open market. But, where do they get the money to purchase these bonds? + +&#x200B; + +&#x200B; +I know this question can be rather subjective. But when do you consider yourself (or others) as an economist? + +When the individual has a BSc degree? +An MSc? +A Ph.D.? +Have published a paper? +Other? +Comparative value of a dollar from a point in the past to now always seems to demonstrate that the value of a dollar has decreased. Is this always the case and if so why? I’m curious if it’s necessary to cause inflation over large timescales in order to induce economic growth and the impact of a growing population (or contracting) size within an economy. +So I am heading into college this fall and have decided to major in an economics BA at University of Southern Maine. I originally wanted to do poli sci but after some research and questions (check my history) I decided it would not be worth it. I still do have a healthy interest in poli sci and might want to be able to pursue a career relating to it. So my question is whether I should double major in economics ba and poli sci or major in economics and minor in poli sci, statistics or computer science? +According to the Fed’s November 2019 balance sheet report, the Fed has $3,969 billion in total assets, $3,929 billion in liabilities and therefore $39 billion in total capital (is it correct to view this as equivalent to shareholder equity in a regular bank?). + +So what would happen if the Fed had to write down its assets to <$3929 billion (I’m not sure if it would matter if the write down was because the market value of its securities decline or say the mortgage backed securities defaulted)? + +Would the impact of such a scenario be different if it wasn’t the Fed in question but instead was the central bank of a developing country? +To be clear, I'm no fan of Trump or his policies, but is there a chance that by having someone like Trump in office who adds some instability to the market, messing with foreign relations, placing tariffs and starting a trade war could end up slowing unstable growth. By slowing the economy could we be preventing a bubble altogether, purely by accident? +Marshallian theory is unfalsifiable since it is a hidden variable theory with more variables than observables. At any given point in time all you observe is the quantity of a commodity sold in the past week, month etc, and the average price at which it was sold. In other words you have two observables – both of which contra Harris are aggregates: aggregate number of Volkswagen Polo’s sold in last month, average price they were sold for. Micro economics explains these TWO observables by inventing at least FOUR hidden variables : the intercept of the supply function, the gradient of the supply function, the intercept of the demand function, the gradient of the demand function. That is for the simplest possible linear supply and demand functions. If we assume that the functions are curves, then in principle you need a full Fourier expansion of the curves, giving a lot more hidden coefficients. + +Since there is no independent way of determining the parameters of the curves, the curves themselves are not observable, any combination of prices over time is allowed. One just invents unobserved shifts in the supply and demand functions to explain it. + +Unlike microeconomics, quantum theorists have been loath to introduce hidden variables, and since the landmark work of Bell (Bell, John S. “On the problem of hidden variables in quantum mechanics.” Reviews of Modern Physics 38.3 (1966): 447.) hidden variable theories have been rejected. + +&#x200B; + +..... orthodox micro economics is like the aeolian theory of the winds. Its four hidden variables were the four wind gods Why does the wind today blow from the East, because Aeolus commands the Eurus to blow from the East. If yesterday it blew from the West, it was because Aeolus commands  Zephyrus of the West to do his duty etc. + +Just as any combination of sale and price can be explained by the actions of the invisible supply and demand curves, any particular wind direction can be explained by how hard the different wind gods are puffing. +When the doctors of the US or world come to a desicion on some public health matter, a single institution releases a position statement. This makes it easy to understand what the discipline thinks, and is more trustworthy because it’s many individuals speaking, rather than a single one. + + +I’m sure when making recommendations on Climate Change, the meteorologists of the world convened as an institution once a consensus was reached. + + +Have there been attempts to centralize the economists of the world? I would much rather get recommendations from the entire group as opposed to several individuals (no matter how qualified) +~~Assuming hardcore libertarian federal government reforms. Getting rid of all subsidies, regulatory departments, housing, education, income tax, medical, ss, but leave the treasury and the fed balance sheet for inflation. Legalize all drugs, products, and services, federally. Except the basics defined in the constitution, treason and the like. And let the state deal with relatively every thing. But leave military spending the same :D.~~ + +~~Give every one $40 a day ($14,400 annually), starting when they are born. Let the state decide how to handle the children's money.~~ + +~~Establish a federal institution like a EPA IRS hybrid with mandates to, investigate costs (including environmental and social), set and enforce tax rates, and balance the budget. I think LVT and pigouvian kind of set them selves. I'm guessing the VAT would be the real revenue creator, i have no idea what a relatively optimal rate would be, i imagine it varies by product. Can VAT, LVT, and pigouvian taxes, generate enough and be progressive? And how much can the fed balance sheet help? Would this be good for long term productivity growth and the environment? Would this help us out grow the deficit? What would be the pigouvian tax on a privately owned nuclear weapon? I'm guessing it would be prohibitive. By not stating a country, i am of course referring to the US of A.~~ + +~~My hope is it would incentives every one to be environmental protectionists and pro business. While replacing much of the need for regulation with consumer choice, by more accurately pricing all associated activities and externalities into the point of sale.~~ + +\*Ok ya, that was too extreme. I should have just asked about changing the income tax (and maybe the epa) into vat, lvt, and pigouvian. And if the fed can handle the difference, in paying a ubi, while keeping every thing else the same. +First off, I appreciate anyone who takes the time to respond to this, it means a lot. + +I'm heading to UW Madison next year where I will begin studying economics. I am somewhat unsure about this choice as a major, I deeply enjoy studying economics and reading about it, but I oftentimes have doubts about what I could actually do with a degree in it. + +If you currently hold a degree in economics, what do you do now? Where do you work? What's an average day like for you? Do you have any regrets in choosing it as a major? + +Just a generalization of what the degree has done for you and general tips for students in this area is also greatly appreciated. + +Thanks again to anyone who offers up some good advice. +So I’ll start off by saying I’m a huge skeptic of bitcoin and I think the current value being placed on it far exceeds any useful applications. + +However I’m curious about your opinion on it’s potential value in the extreme long term (like 100+ years, maybe sooner). For instance, could governments’ ability to indiscriminately print money motivate people to moving into a finite form of currency such as crypto? + +I realize we’ll all be long gone by the time the final bitcoin is mined, however once that happens won’t it make the intrinsic value drastically increase due to the appeal that there is no possible way for injection of more bitcoin inflating away it’s value? + +Also considering that the drawbacks of energy usage needed for transactions will most likely be resolved since will have either boiled ourselves to death or moved to green energy within the next 100 years, that most likely won’t be an issue. + +So my question is, could crypto actually gain momentum as a dominant form of currency as we reach the point when all bitcoin has been mined simply due to its deflationary nature? +I have seen a lot of top calling in the last week or a lot of reference to the fact that the market will definitely top after OPEX this week. Maybe it does, maybe it doesn't. But FWIW, here is what I am seeing...figured I would share what I can see. + +Below is a screen shot of the entire options market Top 50 by premium at the end of the day. Do you see any red (which would denote puts controlled tickers)? Nope...just some neutral tickers at best. + +[Top 50 Options By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/pgc37isvzet61.png?width=1906&format=png&auto=webp&s=2da0f7a9bfc982767e8e0369a448561b0477d1ee) + +Now look at just Index ETFs...ok...a little more neutral...with SPY the overwhelming premium on the day by size. + +[Top 50 ETFs Options By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/qfgtx2730ft61.png?width=1906&format=png&auto=webp&s=3037edb27a9722a0691e81e72820d4a7dc353387) + +Now what about the Top 50 individual stocks by premium on the day (and remember that Indexes are just baskets of individual stocks)...what do they look like? Ummm...not one put driven ticker... + +[Top 50 Stocks Option By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/tmz3yk3a0ft61.png?width=1906&format=png&auto=webp&s=02430466dc375227d6eb7d52f81b67fc83565d1b) + +How about Momo stocks? ...looks like all calls all day + +[Top 50 Momentum Stock Options By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/e7aniwst0ft61.png?width=1906&format=png&auto=webp&s=6b203010ba2937a653f60ba705443eeb14838f86) + +Small caps? Diamond hands here... + +[Top 50 Small Caps\/IWM Index Options By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/h8f8n76y0ft61.png?width=1906&format=png&auto=webp&s=28e2dbdd7d8b5ff7f607315d667d40a8514fb5b7) + +FAANGs? ...nothing to see here either...all calls all day + +[FAANGs](https://preview.redd.it/a7u8cos31ft61.png?width=1906&format=png&auto=webp&s=eed1c6f0bd82c8c1de97956f0d220dedc8673a76) + +Even digging into Amazon ... what about inside it by strike and premium that are the largest on the day? NOPE...all calls for the most part + +[Top 50 Strikes inside AMAZON by premium ](https://preview.redd.it/4ahhlaw51ft61.png?width=1906&format=png&auto=webp&s=9edf0ee0f7511b46bd6da506426365ccbd3e364a) + +Semiconductors? Nope...nothing here but calls either... + +[Entire Semiconductor sector](https://preview.redd.it/efo05x1g1ft61.png?width=1906&format=png&auto=webp&s=d24126c7b0480b3939d274cb12190584c8413e87) + +So effectively unless I am missing something...most of the largest and most liquid names in the market are in continuing to be dominated by call buying right now. But let's just check one more thing before we call it a day - the actual $VIX (not the proxy ETNs)...maybe there is something there... + +NOPE. Looks like over $116m in premium changed hands with put buying (short vol) still in control. + +[The entire VIX index \(the major VIX index\) By Premium Size Color Coded by Call\/Neutral\/Put](https://preview.redd.it/h0jjjkv32ft61.png?width=1906&format=png&auto=webp&s=2def95132518a7535b4cf1c1f631fa22fe3991f5) + +Unless/until the above starts to look a little different, its very hard to entertain any kind of top even beginning to form. Things can change in an instant in life, but ultimately, the current options positioning at the end of the day is just not showing us anything like a top. + +If/when I see something change...I will definitely share...until then unless you see volatility shift, the markets will keep selling what has just run to buy what has just sold off - rinse and repeat. +In a quite recent tweet from Plan B he confirmed that he is still holding onto his Predictions. + +Also he pulled down the S2F model to 100k by December, originally it was 100k by mid cycle and he thinks that this cycle will go over December. + +All this is not his actual model. His actual model that predicted completly right for like 3 months in a row is still going with 98k Nov and 135 Dec. (In further predictions he even was looking at a 200k-300k BTC price next year.) + +Also Benjamin Cowen another popular analyser is agreeing with him. + +I personally think those are pretty high predictions and would like to keep my expectations a bit lower so that I wont be completely devasted of it does not happen. + +But what do you think? + +(source: Plan B Twitter) +Last week during the witching bullshit, I loaded up on DIS $110 and UBER $30 03/27 calls thinking that shit was going to moon EOD no questions about it. + +Monday comes around and my shit is worthless. Whatever, we can still have a short squeeze between now and expiry. + +Today I sold for a 3.8k profit, which is like 50% gain. and NOW I see UBER is touching $29 premarket and Disney $105 and i'm thinking I should have been more autistic and held. Anyone else? +When I first started working toward FIRE around 2010, it was thought that 2000 would end up being one of the worst years ever to retire, and one of the few years that breaks the 4% rule. So every year I like to track their performance. Here is the update through 2021! + +(For the first time ever, I'm not only looking at people who are 100% stocks. I've also included people with a 60/40 stock/bond asset allocation) + +&#x200B; + +**Charts** + +* [Graph](https://imgur.com/a/YvtUS4O) of percent of portfolio remaining over time for people who retired in 1/1/2000, comparing different withdrawal rates. First graph is 100% S&P 500; second is 60/40 split S&P/ 10-year treasury bonds +* [Table](https://imgur.com/a/0dui9hS) of percent of portfolio remaining for people who retired on Jan 1 of the years around 2000, comparing different withdrawal rates. First chart is 100% S&P 500; second is 60/40 split S&P/ 10-year treasury bonds + +Note: These charts assume dividends/distributions are reinvested, and monthly returns net out monthly inflation (using CPI). I get asked this every year. Yes, it accounts for inflation and dividends! + + +&#x200B; + + +**Results** + +If you retired in 2000 with 100% S&P500 and stuck to a fixed 4% SWR, you were scared out of your mind only 9 years later with 23% of your portfolio remaining. But if you were super irrational and stayed the course, the next decade+ of returns were so good that you still have exactly 23% of your portfolio remaining as of 3 days ago! I thought these guys would have run out of money long ago, but they keep proving me wrong! + +Bonds during this time had a very good performance. So, if you instead had a 60/40 stock/bond split, then you were sweating a little less in 2009 than people who were 100% stocks. While they had 23% of their portfolio left, you had 47% of your portfolio remaining. And if you stayed the course, then you'd still have 75% of your portfolio remaining. Great shape for surviving the standard 30-year retirement window! + +If you were looking for a longer retirement window than 30 years, or if you wanted to preserve a significant portion of your portfolio value, it looks like the year-2000 retiree (who is 100% stocks) would have needed a much lower WR of 2.5-3%.. But there are 2 pieces of good new. First, incorporating just a bit of bonds into your portfolio would have greatly offset the poor performance of stocks, leaving you pretty comfortable with a 3.5-4% SWR. Secondly, retiring just a few years before or after the worst retirement year in generations would mean you've actually seen your portfolio grow! Though, people do disproportionately [retire at the worst possible times](https://earlyretirementnow.com/2017/12/13/the-ultimate-guide-to-safe-withdrawal-rates-part-22-endogenous-retirement-timing/) :( + +Anyone nearing their FIRE goals should read [ERN's SWR series](https://earlyretirementnow.com/safe-withdrawal-rate-series/). I learned a lot from it. And while I don't necessarily agree with all of his conclusions or assumptions, it's the best SWR analysis out there and better than anything I'd be able to put together. + + +&#x200B; + +**Source** + +ERN's data that I used: [https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/](https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/) . You can use this to look at different asset allocations and to adjust other assumptions. If you don't want to work with the raw data directly, he has some tools in the spreadsheet that will do the analysis for you when you adjust assumptions. + +Here is the extra sheet I added to ERN's workbook, in case you want to play around with it: [https://docs.google.com/spreadsheets/d/1JcSRDrGv9YxQmR8E8dAmLELRgtqiCFtw8lcdSRUyAVc/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1JcSRDrGv9YxQmR8E8dAmLELRgtqiCFtw8lcdSRUyAVc/edit?usp=sharing) +None of this is financial advice: + +UPDATE 6: To buy MMAT vs MMAX? + +From a civic duty standpoint it’s better for the stock and free float to buy Canadian MMAX because you’ll directly shrink the float when the shares transfer over and from a selfish perspective it doesn’t matter. If enough people buy MMAX then it would circumvent darkpools and naked shorting and basically force the SEC to count retail buys against the MMAT free float. But IDK if my message will reach people. I got banned on Canadian investor and my message so far as fallen on deaf ears so who knows? Regardless, the squeeze itself should very likely occur due to NEGG mechanics I described. + + +UPDATE 5: Picking up Media Attention + +[MARKET INSIDER](https://marketinsider.net/mmat-catalyst-jan-21-2022-severed-options-chain-litt-negg-financial-videogame-cheatcode-mid-term-setup-feb-march) + +UPDATE 4: + +Looks like the CEO confirmed my hypothesis on Twitter check his 12/30 11:03 PM + +[George Confirms 1/21](https://twitter.com/palikaras/status/1476766020471820288?s=21) + + +UPDATE 3: + +Back online thank you u/GETMONEYGETPAID + +UPDATE 2: + +AUTOMOD removed my post for linking you guys to the Canadians, I was trying to have you be able to ask the primary source for information and answer your questions… not promote another sub. I would really appreciate it if you could please ask the Mods to reinstate my post since I was just trying to answer people’s questions and got in trouble for doing so. Thank you ❤️ + +UPDATE: + +This is the link to the Canadian side of the stock, $MMAX + +It’s been proving that buying MMAX reduces the share float of MMAT when shares transfer over as per the SEC forms filed by insiders who made the share conversion. + +Please talk to your Canadian counterparts here to learn their side of the story as well 🇺🇸🇨🇦 + +They can be found on Baystreetbets +———— +None of this is financial advice: + +Part 1 Game Mechanics + +Videogame cheat code: When a foreign company reverse merges onto NASDAQ, foreign shorts have to cover their FTDs T+35 after it’s Options Chain Expires. + +Major Point: The SEC doesn’t care about foreign short hedgefunds like they do American ones. Foreign hedgefunds are fair game. + +Example: New Egg (NEGG) and Lianluo (LLIT). NEGG was listed on NASDAQ and LLIT was a Chinese OTC Ticker. + +On October 25 2020 when news broke about the Lianluo Retahd LTD merger with NEWEGG, the stock went from 0.4$ to 4$ the next day, meaning the news caused shorts to start covering. + +Lianluo Options chain ended May 20, 2021. T+35 days later from June 29 to July 7 Chinese shorts closed their position and the price ran from $10 to $79 intraday. + +Present Day Example: Metamaterials and Torchlight energy merger. Same thing, Metamaterials was an OTC-listed Canadian company which inherited HEAVY shorting from a Canadian mining company while Torchlight energy was a NASDAQ listed company. + +The legacy options chain for TRCH (currently called MMAT1) ends Jan 21 2022 so expect a spike T+35 days later in early March of MMAT, in addition MMAT is still trading in Canada as ticker MMAX and when that ticker closes and converts to American MMAT, foreign SHFs must close out MMAX FTDs. + +Proposed Investing Strategy: Buying promising companies that undergo reverse mergers with foreign companies on the month of Final Options Expiry of the merged company. + +Present: +Coming to the merger of Torchlight Energy (TRCH) with foreign Canadian company Metamaterials (MMAT), the options chain for TRCH ends on Jan 21, 2022. I believe that this presents underlying systemic risk to market makers who are naked shorting the stock if my hypothesis is correct. + +————- +Closing Point: + +If you look at NEGG prior to its ramp up you’ll notice a similar amount of massive shorting. SHFs have a lot more information at their fingertips than retail while we muck about and peer hazily through “the fog of war”. So it’s imperative for a SHF to suppress, short and distort the shit out of an actual financial catalyst. + +Irrespective of the quality of the company, there will be mass covering of foreign SHFs when the CUSIP # and legacy options chain of a merged OTC foreign ticker officially expires. It’s unavoidable. In fact, remaining short the foreign ticker while it trades on NASDAQ is a HUGE risk for a foreign SHF as they can no longer manipulate the stock and they will likely be squeezed by American long HFS. That is why Lianluo LTD shorts covered and that is why the Canadian MMAX shorts must cover. + +—————— + + +TLDR: +In January, stock ticker MMAT is facing four major catalysts that could cause a short squeeze in late Feb/early March: + +1. MMAX converting to MMAT, cutting the float in half from 218 million to 109 million and causing foreign SHFs to close out FTDs T+35 days later +2. An Oilco Special Dividend that could cause an OSTK style squeeze +3. Jan 21 2022 TRCH Options Expiry forcing SHFs to deliver TRCH FTDs T+35 days later in March +4. Investors Buying and Exercising MMAT1 Options through TD Ameritrade and Fidelity, exacerbating the effects of Point 3. +5. Canadians buying MMAX on Baystreetbets can also verifiably reduce the MMAT float as all MMAX shares are registered with the SEC when they transfer over. + +I wrote this as a point of academic curiosity. I absolutely DO NOT want people to do this. Rather I’m interested to see if my hypothesis is correct. + +Have an awesome day +There was a thread earlier about how Stevie of Point72 is taking money out of his Cayman Island accounts, I believe it specifically stated that such posts seem to get removed / countered with month-old FUD. It was popular and up there, but it suddenly got deleted I think? I can't see it anywhere now. Anyone care to corroborate? + +edit: Since this is getting upvotes, I thought I'd mention that in the comments it's been concluded that the user deleted their own post, rather than it being removed by some higher authority (as the text on it reads [deleted] rather than [removed]) + +edit 2: [OP replied in the comments](https://www.reddit.com/r/Superstonk/comments/p1nja0/point72_stevie_getting_money_out_of_his_cayman/h8fvyvt/) with an explanation of why they deleted it, so that's that! Good night +Currently in all equities (early 40’s) but thinking about adding bonds (via a bond fund like AGG or BND) in addition to my treasury positions given the rates are still high enough. + +1. Not sure if its a good time to get into bonds now or wait until the Fed is done with rate hikes. + +2. Thinking about getting an intermediate maturity date vs short & long + +3. Thoughts on purchasing a bond fund vs an individual intermediate bond? Pro’s / Con’s + +Thanks. + Airbnb, DoorDash, Roblox and Wish are all expected to to go public before the end of next year according to [CNBC](https://www.cnbc.com/2020/11/12/airbnb-doordash-wish-roblox-ipos-all-expected-before-year-end.html?utm_source=morning_brew). + +So, what IPOs are you excited for and why? +I'm a huge fan of the man and follow everything he does. However, this is the one investment that continues to baffle me after all these years. + +What does he see in IBM? All this company seems to do is spend their money on share buybacks. +Hi. I am currently trying to input a strategy into TOS ThinkScript but I know next to nothing about coding and am having a hard time with it. Is there any software out there that anyone would recommend that would allow me to put together a strategy to back test without having to code anything? Preferably nothing expensive as I'm just getting into this. Or is there anyone out there who can teach a complete noob, when it comes to coding, how to input a strategy in TOS? I've watched videos, read though the TOS tutorial, and still just can't quite wrap my head around it. Thank you in advance for any information! +Could you please help me to understand how can the stochastic differential equations model a process? + +I don't know too much about SDE but I know that they are used for example in the market to get the ''behaviour'' of a time series, to price an option + +I am genuinly curious about this piece of math, but I can't understand at all. And I am at the beginning. I know that they are useful to describe the ''behaviour'' of a phenomen, but what does this mean? + +Let's assume that I have this time-serie: + +[https://www.wolfram.com/mathematica/new-in-10/time-series/HTMLImages.en/join-a-new-value-or-a-new-time-series-with-a-time/smallthumb\_7.gif](https://www.wolfram.com/mathematica/new-in-10/time-series/HTMLImages.en/join-a-new-value-or-a-new-time-series-with-a-time/smallthumb_7.gif) + +What a SDE (stochastic differential equations) can do knowing the variance, the standard deviation of the process and each a value a stocastic process X has in a given time (X\_t) ? + +I am trying to understand what are they useful for in the financial market and in the ''natural world processes'' (physics) , but in a ''pratical way'', cause I am still not so advanced in math at the moment to handle difficult concepts. + +An example.. I would an example... to understand what do they do... for example the trasnfer of heath from a closed sistem to another one. Well how can differential equations be useful? + +In a pratical way +Serious question - were you on the fence on having kids, and have reconsidered having them to achieve FIRE? + +I know it’s possible to have kids and FIRE, but it’s likely much harder. + +------- +Update 10:10am est - Thank you all for such great feedback! This has been very insightful, especially on the point of "having kids because one should WANT them regardless of FIRE". This begs the question on what motivates people to want kids or not want them. + +I have just two more questions: +1. For those that have or want kids, what were your top 3 reasons for having/wanting them? +2. For those that do NOT want kids, what were your top 3 reasons for this? +https://www.theglobeandmail.com/amp/business/economy/article-fed-official-warns-covid-19-bankruptcies-could-trigger-a-financial/ + +St. Louis Federal Reserve Bank president James Bullard has warned that a growing number of bankruptcies due to the coronavirus outbreak could lead to a financial crisis, the Financial Times reported. + +“Without more granular risk management on the part of the health policy, we could get a wave of substantial bankruptcies and [that] could feed into a financial crisis,” Mr. Bullard said in an interview with the newspaper on Wednesday. + +He warned of “twists and turns” in the health crisis and said “it’s probably prudent to keep our lending facilities in place for now, even though it’s true that liquidity has improved dramatically in financial markets.” + +New U.S. COVID-19 cases rose by nearly 50,000 on Wednesday, according to a Reuters tally, marking the biggest one-day spike since the start of the pandemic. The surge in cases across the country, including the populous states of California, Florida and Texas, threaten the budding recovery. + +Mr. Bullard said that it is possible that the country could “take a turn for the worse at some point in the future,” but added that it was not his base case, according to the report. + +The Fed moved aggressively in March to support the U.S. economy by cutting rates to near zero, buying up trillions of dollars in bonds and launching a slate of emergency lending tools to keep credit flowing to households and businesses. + +The last of those programs was launched on Monday, which the Fed can use to buy newly minted corporate bonds. + +“With all these programs, the idea is to make sure the markets don’t freeze up entirely, because that’s what gets you into a financial crisis, when traders won’t trade the asset at any price,” Mr. Bullard added. +Do me, and everyone else a favor and read the entire thing before commenting. There's a significant trend on this sub of people just commenting bullshit based on what they think a post might say before reading it. There's a lot of explanation and context here so take your time if you're looking to learn. + + +Just a straight copy/paste from his newsletter today: + +If a lot of people on Reddit band together to drive the price of a stock higher, is that illegal? I have been asked that question a lot recently, and I want to be clear that: + +1. I don’t know, and + +2. If I did know, I wouldn’t tell you, because I do not give legal advice in this newsletter, and I particularly do not give legal advice that people on Reddit might read while pumping up stocks. + + + +That said I suppose we should talk about the question in general and extremely not-legal-advice terms. I guess my answer would be that it might be illegal in all sorts of ways, but it is not obviously illegal, and if the U.S. Securities and Exchange Commission were to go after WallStreetBets for this stuff they will be breaking new ground and going beyond their previous cases. I do not want to say “this stuff is all fine,” but I will say I am not all that bothered by it. + +There are two main things that are illegal. One is “securities fraud.” This basically means lying about a stock. The other is “market manipulation.” Nobody knows what this means. Legally, it means something like: + +>To effect, alone or with 1 or more other persons, a series of transactions in any security … creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others. + +So if you buy stock with the purpose of pushing the price up so that other people will buy it, that’s market manipulation. If you buy stock hoping that the price will go up because other people buy it, that’s not market manipulation; that’s just normal. Those things are not so different. There is a “traditional four-part test for manipulation that has developed in case law”: + + +1. I buy some GameStop stock. + +2. I put out rumors—in my subscription newsletter, on Reddit, in fake press releases, whatever—about some catalyst for the stock to go up. “Hey I hear from an inside source that GameStop just got an exclusive contract to supply downloadable video games in Tesla cars,” etc. + +3. People see these rumors, believe them and buy GameStop stock, pushing the price up. + +4. I sell the stock to them at the higher prices. + + +So consider the general concept of a “pump-and-dump” scheme. The most classic pump-and-dump goes like this: + +1) I buy some GameStop stock. + + +2) I put out rumors—in my subscription newsletter, on Reddit, in fake press releases, whatever—about some catalyst for the stock to go up. “Hey I hear from an inside source that GameStop just got an exclusive contract to supply downloadable video games in Tesla cars,” etc. + + +3) People see these rumors, believe them and buy GameStop stock, pushing the price up. + + +4) I sell the stock to them at the higher prices. + +This is very straightforwardly illegal and the SEC goes after this stuff all the time, alleging securities fraud. Lying about stocks. Here is the SEC’s “Investor Alert: Social Media and Investing -- Stock Rumors,” which pretty much defines a pump-and-dump this way: + +>For example, in a “pump-and-dump” scheme, promoters “pump” up the stock price by spreading positive rumors that incite a buying frenzy and they quickly “dump” their own shares before the hype ends. Typically, after the promoters profit from their sales, the stock price drops and the remaining investors lose money. + +There are variations. The SEC has gone after forms of dishonesty that aren’t quite lying about the stock. For instance, if you are a widely followed stock promoter with a subscription tip newsletter, and you email tips to your subscribers and then sell your stock to them while saying that you’re buying, that seems dishonest, and the SEC will go after you. Or if you are a promoter or research firm and you put out positive research about a company, but you don’t disclose that the company paid you to put out the research, that is also bad. + +Now, I think you could do a pump-and-dump without any actual lying. For instance: + + +1. I email subscribers to my expensive private newsletter saying “hey let’s pump GameStop.” + +2. We all buy GameStop, knowing that we’re just doing it for the pump, with no real or fake catalyst for the stock to go up. + +3. It goes up, because we bought a lot of it. + +4. Other people, innocents and high-frequency trading algorithms, see it go up on heavy volume and think “hey this is a good stock, we should buy it.” They buy it, pushing the price up. + +5. We sell the stock to them at the higher prices. + + +In this version, I have not lied about a stock. On the other hand, I have effected transactions in the stock to create trading activity and raise the price, for the purpose of inducing people to buy it. Seems like market manipulation, “painting the tape” or something. The SEC goes after stuff like this occasionally. + +I think that in modern markets you could even do a bit better than that and have a completely honest pump-and-dump: + +1. I show up on Reddit and say “hey let’s pump GameStop.” + +2. We all buy GameStop, knowing that we’re just doing it for the pump, with no real or fake catalyst for the stock to go up. + +3. It goes up, because we bought a lot of it. + +4. Other people see us doing this, read my Reddit post, know we are pumping the stock, and also buy it, because we seem to be having fun, and they like fun too. + +5. Eventually some of us get bored and start selling and the price collapses. + + +The point here is that it is at least theoretically possible that no one buys stock for any reason other than “hey it’s a fun pump.” That is, no one is deceived about the fundamentals (there’s no fake news about the company), and also no one is deceived about the technicals. No one says “huh this stock is up on a lot of good buying pressure, I should buy some”; everyone who buys says “hey this stock is up because it’s being pumped, and if I get in now I might still get out before it collapses, and that’ll be fun.” It is “respect the pump” as a quasi-mystical mantra. + +I bet the SEC would say that’s market manipulation, but I am not so sure. I suppose we did our trading “for the purpose of inducing the purchase or sale of such security by others,” but not by deceiving them about what’s going on. “Join us in a fun game of chicken,” was our basic message here. Did we try “to create or effect a price or price trend that does not reflect legitimate forces of supply and demand”? Who’s to say what’s “legitimate”? Surely the price did not reflect expectations about future cash flows, but just as surely the price reflected supply and demand: We all wanted to own it because we were having fun, so the price went up. + +Anyway, the actual GameStop situation. I suppose it’s possible that someone on Reddit has posted fake rumors about GameStop’s business, but I haven’t seen any. The posts I’ve seen about GameStop have been either (1) substance-free “GME to $1,000” stuff or (2) arguments based on publicly available information plus personal opinion and guesses about the future. They might be wrong or exaggerated or misstated, but it’s not, like, core fraud. + +Is it manipulation? Well, there is not a lot of deception here. No one is buying GameStop stock because they think to themselves “boy this stock is going up a lot on heavy volume, must be a bunch of big institutions who see fundamental value here.” There is absolutely wall-to-wall coverage of GameStop in financial media, and it pretty much all says “lol those crazy redditors, pushing up the stock for no reason.” So at worst this is a sort of honest pump, people banding together to do it for the lolz and hoping they can get out before it collapses. + +I’m not even convinced it’s that though. The stock closed Friday at its all-time high. Roaring Kitty was up $11 million. Everyone came back on Monday and did it again. My model here—and I should emphasize this is purely a guess—is that the people most identified with the GameStop trade on Reddit, at this point, are much more interested in securing their legendary status on Reddit than they are in taking profits at the expense of whoever came in later. + +You could have other miscellaneous theories about words like “collusion” and “short squeezes.” Is it illegal for people to band together to all buy stock at the same time? “If institutional investors had an internet site or chat where they arguably cajoled each other or coordinated to buy stock to move the price higher,” one reader asked me by email, “wouldn’t that be stock manipulation and wouldn’t the SEC get involved?” + +Well, a while back there were reports that the SEC was looking into hedge fund “idea dinners,” where hedge funds get together to pitch each other on their third-best ideas. 1 That sounds like institutional investors having a chat where they cajole each other to buy stock in a coordinated way. But the SEC wasn’t concerned about market manipulation. The SEC was concerned that the hedge funds might be a “group” under the securities laws, if they teamed up to own more than 5% of the stock, and that they hadn’t made the necessary group disclosures. This is less of a concern for small retail investors, just because they are less likely to get above 5% of the company. 2 Also it doesn’t seem like the idea-dinner probe went anywhere. Telling your friends that you like a stock and they should buy it is, more or less, fine. + +Or is a short squeeze illegal? One popular topic on WallStreetBets is recalling stock borrow. Kochkodin’s article describes one call to action in April 2020: + +>The final all-caps sentence imploring GameStop owners to call their brokers and tell them to not lend them short opened a new theater to wage war against short-sellers. + +>It’s a little known fact, and one that you wouldn’t expect to learn on a Reddit message board, that a stockholder can request that shares they own outright not be lent out to short-sellers. + +If everyone bands together to recall stock borrow, there will be fewer shares available for short sellers, and the short sellers will be forced to cover their bets by buying stock, pushing the price up more. Is that illegal? Is it illegal to make borrow impossible with the goal of messing with short sellers? + +The SEC might think so, actually. In 2012, it brought charges against Phil Falcone and Harbinger Capital Partners LLC for, among other things, having “conducted an illegal ‘short squeeze’ to manipulate bond prices.” I confess I do not understand why the SEC thought a short squeeze was illegal, or what they think the fraud was, but the Falcone short squeeze is one of my all-time favorite financial stories and I advise you to read the complaint for humor and inspiration. Quick summary: Falcone owned some bonds of a company called MAAX Holdings Inc. “After hearing rumors that a Wall Street financial services firm was shorting the MAAX bonds and also encouraging its customers to do the same, Falcone decided to seek revenge.” So he bought all the MAAX bonds. Then he bought more: Short sellers would borrow MAAX bonds (presumably from him), and then sell them to him, so that he ended up with “22 million more bonds than MAAX had ever issued.” Then he stopped lending them out, forcing the short sellers to buy bonds to cover their shorts. But there were no bonds to be bought, since he owned them all (and more). At some point an executive from the “Wall Street firm” called up Falcone to talk about the situation, and even in the SEC’s dry language you can tell that it was one of the greatest conversations in all of Wall Street history: + +>At some point, the conversation turned to the trading in the MAAX bonds. The senior officer asked Falcone how the Wall Street firm might satisfy its obligation to Harbinger. Falcone stated that the Wall Street firm should just keep bidding for the bonds. Falcone acknowledged that the Wall Street firm would suffer some losses doing so, but told the senior officer and the others that sometimes you are just on the wrong side of a trade. + +>In the course of this discussion, Falcone stated that he knew that the short position in the MAAX zips had created a “long” position in excess of the issue size. When the senior officer asked how he could possibly know this, Falcone stated that he was working the position himself and that he (i.e., Harbinger) had acquired approximately 190 million bonds. The senior officer and the other the Wall Street firm personnel were stunned. + +“Just keep bidding for the bonds,” “sometimes you are just on the wrong side of a trade,” I love it so much. + +Where were we? Oh, right, GameStop. I suppose a really coordinated successful effort to squeeze borrow might count as market manipulation, at least in the SEC’s view, but I’m not sure how serious this effort was. In any case it hasn’t worked. “Despite a punishing two weeks and relentless chat-room taunting, GameStop Corp. haters are showing no signs of surrender,” Bloomberg reported yesterday; short interest has barely budged, and there are still shares available to borrow. + +I don’t know. Taking a step back: Should the SEC care about all of this? On the one hand, I do not see a whole lot of deception in this GameStop situation. The SEC’s core concerns, about people lying about stocks and tricking the innocent, don’t seem especially implicated here; everyone is having reasonably informed and consensual fun. + +On the other hand it is all pretty dumb? Like if you are a securities regulator, you can think of your job narrowly as preventing people from lying about stocks, or more broadly as encouraging capital formation and fostering confidence in markets and moving markets toward efficiency and perfection. And, you know, this is the opposite of that. A popular conclusion from the GameStop story is “well I guess the stock market is nonsense now,” and I’m not sure that conclusion is wrong. Seems like the sort of thing the SEC wouldn’t like. But what can they do about it? + +Here's the full article, there's a bunch of linked sources where he adds resources on previous occurrences or other court cases/SEC actions, but I'm way too lazy to edit all of those links in: https://www.bloomberg.com/opinion/articles/2021-01-26/will-wallstreetbets-face-sec-scrutiny-after-gamestop-rally +But we resist. DRS is only increasing. This is a competitive (non-cooperative) interaction, and we are not only patient but, in many cases, long-term oriented. Those familiar with game theory may quickly see that, unless the game is extremely manipulated (to the point that it is blatantly rigged), the odds are inevitably in our favor. The only requirement is patience, DRS-ing, and avoiding distractions. + +We are on our own. Not because other institutional investors may be uninterested in partaking in the MOASS, but because they may be afraid of antagonizing a heavy weight monster the size of Citadel. + +Which again leads to the same: patience. +We are well aware of the relationship between dear ry guy and Mr. Icahn. + +What I haven't been seeing and why I am writing this post today, is that we may have this whole thing wrong. We've been looking at the wrong Icahn. + +Yes. Carl Icahn is notorious and has earned the reputation of a highly respected trader. Except, the most recent big wins for Icahn Enterprise haven't directly been by the hands of Carl. They have been from the subsidiary Icahn Capital LP. + +Meet ***Brett Icahn*** a Portfolio Manager for Icahn Capital LP, a subsidiary of Icahn Enterprises L.P. where Brett also sits on the board. Brett is known for his interest in TECH companies. + +[Carl offered Brett a deal. \\"You \(brett\) can make 7.5&#37; of profits on trading, AFTER you make me 7&#37; first. No salary.\\"](https://preview.redd.it/y4lt02u3gnu91.png?width=591&format=png&auto=webp&s=9ab1d2a0d1a39b3a6384d2b8d54122c298f769cb) + +Some of the more notable investments Brett has been behind: + +* Netflix, where Icahn Enterprise made an estimated $1.9b +* Apple, where Icahn Enterprise made an estimated $2b (via stock buyback) + +Brett also likes companies with healthy Cash Flow + +[i like those words](https://preview.redd.it/477j8ohkgnu91.png?width=704&format=png&auto=webp&s=d04b933b824993c00eefa4b244152e6795968131) + +&#x200B; + +Now I think you can see where I am going with this and how the dots connect. + +&#x200B; + +Icahn Enterprise (Brett Icahn) -> Apple (Tim Cook) -> Ryan Cohen + +&#x200B; + +Y'all, these guys have definitely been having dinner/lunch together. I can just feel it in my bones. +Link at the bottom. +Hi guys how are we today? Im interested to know if anyone has heard the news a couple of days ago and what sort of trading plan you have with it. My initial plan was to ride the initial greed train up until the ex dividend date which I believe is the 16th. I have 50 shares altogether so the divvy would pay around $225. + +But if I'm right in what I'm thinking from previous specials, the price can absolutely tank's on the day once everyone is eligible for the divvy and in most cases it tanks more than you would receive in a dividend. + +I bought In at 28.6 and the price is currently sat at 31.5 after hours. Once the day before the ex divvy date comes, I will sell all of my shares and short the stock for the ride down 👌 + +Let me know your thoughts. + +Proof of positions available if needed. + + +https://www.businesswire.com/news/home/20210803006021/en/McAfee-Declares-Special-Dividend +Hi, + +I've been promoted to a lead project manager in the civil service and will be taking a salary of £56,000. + +Ideally I'd like to stay in the basic tax bracket (child care benefits). There is a salary sacrifice cycle to work scheme but I'm not interested in that. + +I also think that I can't salary sacrifice more into my Alpha pension? + +So, does anyone know a way of getting back into the basic tax bracket? Can I set up a private pension, contribute to it, then submit some kind of claim to HMRC to reclaim tax? +Nobody knows anything. Nobody has any edge based on the information they know despite what they may believe. + +I’m sure most of you saw the post yesterday and thought the guy was onto something but if you really read through the comments, he contradicted and backpedaled in many discussions. Not to mention his prediction was just flat out wrong (futures up big right now). + +These people may sound convincing and superior. Don’t believe the BS, and ask yourself if they really knew something the world didn’t, why would they be posting it on Reddit to share? +Blockchain developers are in hot demand. In fact, the demand for competent blockchain developers right now far outweighs the supply, with reported starting salary offers ranging anywhere from $180k-$250k. + +Whether your interest is in the generous compensation, or you're generally excited about the technology, there's a lot to be eager about. + +But the roadmap to becoming a developer in this new space is hazy and unclear, even to a lot of seasoned developers. This post aims to put together a mega-list of organized resources to help you begin your journey as a blockchain developer. + +**Blockchain Development for Beginners: Getting Started, and Prerequisites** + +Before diving in, you should develop a solid understanding of some of the underlying principals, mainly: what is a blockchain, and what can you do with it? + +**What is a Blockchain?** + +*A blockchain is basically just a decentralized database or a distributed ledger.* + +That's a pretty straightforward answer. Rest assured there is much more complexity under the surface. IBM has taken an interest recently in blockchain development and has put together some great docs that make a good starting point to dive in: + +- [Blockchain Basics: Introduction to Distributed Ledgers](https://www.ibm.com/developerworks/cloud/library/cl-blockchain-basics-intro-bluemix-trs/index.html) + +- [Blockchain Basics: Use Cases](https://www.ibm.com/developerworks/cloud/library/cl-blockchain-basics-glossary-bluemix-trs/index.html) + + +**Making a Blockchain** + +Once you feel like you're ready to get your hands dirty, there are a number of articles and posts dedicated to helping you further your knowledge by actually building your own blockchain. Here are a few great articles I'd recommend taking a look through: + +- [From “What is Blockchain?” to building a blockchain in less than an hour](https://medium.freecodecamp.org/from-what-is-blockchain-to-building-a-blockchain-within-an-hour-4e738efc819d) + +- [Let’s Build the Tiniest Blockchain](https://medium.com/crypto-currently/lets-build-the-tiniest-blockchain-e70965a248b) In Less Than 50 Lines of Python + +- [The Birds, the Bees, and the Merkle Trees Ep[0]](https://medium.com/mimir-blockchain/the-birds-the-bees-and-the-merkle-trees-ep-0-blockchains-from-scratch-3cedb1e669eb): Blockchains From Scratch + +**Additional Tutorials, Courses & Videos** + +- [BlockGeeks - Learn Blockchain Coding](https://blockgeeks.com/) + +- [Blockchain And Cryptocurrency (Bitcoin, Ethereum) Essentials](https://www.eduonix.com/blockchain-and-cryptocurrency-bitcoin-ethereum-essentials) + +- [Programming Blockchain](http://programmingblockchain.com/) + +- [11 Best Ethereum Development Tools](https://hackernoon.com/11-best-ethereum-development-tools-to-grow-your-stack-e782fd7156ab) + +**Ethereum, Smart Contracts and Apps** + +The development of virtual machines like Ethereum has opened the gates for developers, creating an accessible way for you or me to build our own smart contracts / decentralized applications. + +[Solidity](https://solidity.readthedocs.io/en/develop/) - a programming language used to develop smart contracts and decentralized applications to run in the ethereum universe. Syntactically, it's similar to javascript. + +[Ganache](http://truffleframework.com/ganache/) - a personal blockchain for Ethereum development that runs on your desktop + + +Im a newly single parent. I cant increase my hours as that will reduce what little universal credit i get and ill need to pay childcare so ill be worst off. I dont want to do anything that could impact my credit score as i want to buy my ex husband out the house as soon as i can. in a cheap 2 bedroom flat so i cant downsize or get a lodger. + +salary- 1150 + +child benefit 90 + +Universal credit 150 + +child maintenance 200 + +TOTAL INCOME - 1590 + +&#x200B; + +Mortgage and service charge 645 (fixed at lowest price) + +gas, water and electric 180 (its an old inefficient flat) + +Council tax 100 + +car loan 270 (ex left me with this, its mostly his car but i wont get money back, 4 years to go) + +internet 30 + +furniture on finance 25 + +phone and netflix 20 + +home insurance 10 + +car insurance 30 + +petrol 50 + +baby essentials 80 (nappies, milk and food) + +cat essentials 20 + +food and household 150 + +Christmas and birthdays 15 + +this leaves me with a shortfall every month. a single thing goes wrong and im stuck. haircut, new clothes for me or baby., car service. + +where do i go from here? i cant borrow anymore money, and i dont want to rely on my family. +For a week now I see our sub flooded with FUDdy posts and comments that "we dont care if we go down" and blah blah blah. All those FUD post in the end are saying the same, saying its cool if we go down , we buy hold drs etc..... BUT SS GOING DOWN IS NOT OKEY BECAUSE THIE SUB IS MUCH MORE THAN GME. IN THIS SUB WE DO DD ON CORRUPTION IN POLITICS, IN MEDIA, IN WALLSTREET. This sub unmasks what media tries do keep in shadows, this sub reads those parts in documents that has to be unread, this sub puts a sunshine where other fails to. SO PLEASE DOWNVOTE ALL POSTS AND COMMENTS THAT ENCOURAGES TO DO NOT CARE IF SUB GOES DOWN +(4 bed 2 bath detached house, family of 5) We are thinking of swapping our old boiler for a system boiler and 250 liter hot water cylinder, currently boiler downstairs and needs to be moved into the loft, hit water cylinder is in the airing cupboard and will replaced in the same location, this obviously require new pipe work along some being chased into the ground, and about 11 new radiators being fitted, currently have small pipes which we want ti replace, I have been quoted just under 7k to complete everything, does this sound high? Appreicte it would be allot more than a standard combi but was expecting under 6k any thoughts welcome. + + +Behold the Mighty Treasury!**🧐** + +Kneel down before your real, long term passive income. **🌟** You won't have to be afraid of the bear market ever again! 🐻 Do you really want to know what The Treasury is? A brand new type reward system. 50% of the daily CAKE reward goes into the Treasury which is being staked every week. 🍰 At the start of the week, every Holder gets their passive income from the interest of the Treasury. **⭐️** You have to hold your token and make yourself comfortable, because Our Treasury is just getting bigger and bigger. **🤗** Are you ready for your new Adventure? **🦄** + +In summary, you are never late to join, due to the always growing **Treasury**! 👆 + +The minimal amount of tokens need to hold: + +💥 for DAILY reward: **750.000** FRTC 💰 → 50% of rewards tax will be paid every evening for Holders in **CAKE** + +💥 for WEEKLY PayDay: **1.500.000** FRTC 💰 → 50% goes to **TREASURY** which earns interest for the holders by staking, paid every **MONDAY** + +Max wallet size: 50.000.000 FRTC (0.5%) + +**Tokenomics:** + +⚖️ Buy Tax - 10% (8% Reward, 2% Marketing) + +⚖️ Sell Tax - 14% (11% Reward, 3% Marketing) + +🛡 HPS Sell Tax - 45% (37% Reward, 7% Marketing) + +**HPS** is the most important feature of FairToken Cake. It switches on every weekend or on holidays. This makes us the first **Non-Stress Community**. Join and enjoy the benefits of weekend chill. + +Contract Address: 0xb16d8c2a78f2acd75a63b37e8ce6bccbbd8d8f9e 🚀 + +This is a token for people who want to make a genuine change in the world, whilst making fantastic long-term gains. 💎 + +👉🏻 TG GLOBAL [https://t.me/fairtokencake](https://t.me/fairtokencake) 💬 + +👉🏻 TWITTER [https://twitter.com/fairtokencake](https://twitter.com/fairtokencake) + +👉🏻 FACEBOOK [https://www.facebook.com/fairtokencake](https://www.facebook.com/fairtokencake) + +👉🏻 INSTAGRAM [https://www.instagram.com/fairtokencommunity/](https://www.instagram.com/fairtokencommunity/) + +👉🏻 DISCORD [https://discord.gg/XxmGR7JASf](https://discord.gg/XxmGR7JASf) + +👉🏻 WEBSITE [http://fairtokencake.com/](http://fairtokencake.com/) 🌎 + +📈 **JOIN NOW**! **And let’s go to the Moon together**! 🤟🏻 +Do you have any suggestions/savings products that would help it maintain or grow in value over the period? + +Thanks + +Edit: Thank you everyone that has commented. I’m going through the comments to see what is best. And will reply to everything. I’m grateful you took the time to provide advice. +I see too many people hoping for a $10,000 chainlink of $1000 Cardano... That's not realistic at all. + +I saw another user post this tool 5 months ago and i use it all the time to compare cryptos. It tells you how much the crypto you like would be worth if it had the same market cap as bitcoin. It is very helpful at making you understand how little some would be worth even with a high market cap.. And that's even IF your crypto EVER reached a BTC market cap of 1 trillion for example. + +&#x200B; + +Here. For example: IF Cardano had the same market cap as bitcoin right now, it would be worth around $32.28... Very far from the promises of $1000 isn't it. + +Use the tool. Don't get wrecked and also understand that your low cap cryptos may never come near a market cap of 1 trillion. + +Here is the link: [https://thecoinperspective.com/?c=XLM](https://thecoinperspective.com/?c=XLM) + +&#x200B; + +Good luck. +Graduated 2019, still haven't found a relevant job in my degree of study. Running out of time, graduate programs only accept you if you graduated within 2 years. I dont know what to do anymore, I did civil engineering by the way. + +Edit: I've been working as a project coordinator for a small aluminum window and sliding door company, basically scheduling, simple designs, doing quotes and contacting customers/suppliers. +I hope this is the right place to get help. My brother in law suggested I try reddit.com for help with trying to recover any amount of money my husband may have used with bitcoin and Google led me to this page. Ive tried my best to figure this out on my own but this bitcoin stuff is confusing and I just get angry and cry. All I want to do is recover any money he may have spent on bitcoin and be done with it. + +My husband died of a heartattack two weeks ago and he was our family's only source of income while I stayed home with our daughter. He was only 37 so his death was very unexpected. While going through our safe I found a ziplock bag with the word bitcoin written on it and a USB thumbdrive inside. There was also a card with a bunch of words written on it and a 5-digit number. + +The thumbdrive has a little screen and two buttons on it. When I plug it in my computer doesnt seem to recognize it. It looks like it wants me to enter a password but I cant seem to get past the first digit. Im hoping the 5 digit number written on the card is his password but its like its missing a button or something. + +I need help getting the bitcoins off of this thumbdrive and then help figuring out how to cash them out. + +Thank you +Sara + +NEW: Hi everyone. Thank you so much for the replies. I thought my post got deleted because my brother in law checked it out after I posted it and it only said [removed]. I had almost lost hope until i decided to check again. Im working through the steps now and will followup once ive made some progress. + +NEW2: With the help of the users in this forum they identified the thumbdrive as a Ledger Nano S and I now have access to my husbands bitcoins ($1500!). My next step is to figure out how to sell them. Thanks for everyones help so far! + +FINAL UPDATE: Ive started the process of setting up a Coinbase account and getting verified. It seems like that is the easiest place to handle the transfer. Ive received a lot of really great youtube videos that should get me through the rest. + +I see a lot of people suggesting I hold onto the bitcoin because the market is down but I'm not in a situation where I have that luxury. The funeral ate into the little savings we had and Im now responsible for all the bills. And to the people who keep saying im doing this for karma, Im not here for your donations so you can keep your karma/bitcoin/whatever. + +Once I've figured out the Coinbase stuff and taken care of his bitcoin, Ill go through the other wallets? on his ledger to see if there are any other bitcoins in them. People have also recommended I visit a few sites on his computer to see if there are any saved logins so I'll do that too at some point. If I run into any issues I know where to come for help! + +One last thing before I go. PLEASE make sure you have a plan in place to handle these kinds of things in case you suffer an accident or pass away. I had almost given up because I didnt know what I was doing and there is nothing simple about bitcoin. Dont leave your loved ones in the same situation as me. Learn from this and protect yourselves. Give your children a big hug too. + +Thanks for sticking with me. +Sara +Families who qualify for the expanded child tax credit payments can expect to see those benefits starting July 15, but they can calculate how much to expect to receive before then. The IRS has announced that prior to sending the first batch of partial monthly payments, it will open two online portals for parents with qualifying dependents. The portals can be used to register (for those who don't normally file a tax return), to update information like a change in the number of children and to opt out of the monthly payments. We'll tell you what we know below. + +The 2021 advanced child tax credit payments will go out on the 15th of the month, with each check for as much as $300 per dependent or $3,600 in total, based on the age of the child by the end of the year. Parents should be aware of the income limit and other requirements to get the full payment. + +What will the IRS' online child tax credit portals let you do? + +Taxpayer families will be able to make changes to any life circumstances since they last filed their taxes, such as an income change and child custody status. For example, if you started making less money this year, you'll want to update the IRS about those changes so you can get the correct child tax credit amount. + +If you had or will have a new baby this year, it's important to let the IRS know, so you can receive your payment for up to $3,600 for that child. The same applies if you adopted a child or if you gained a new child dependent since you last filed your taxes. + +What we still don't know about the child tax credit portals + +There are still plenty of details that are still unclear about the IRS' child tax credit portals, including: + +The exact date the portals will be available to families. + +How the portals will work for families updating their information. + +How families will differentiate between the two portals. + +The process for opting out of the monthly payments. + +**My Thoughts about this** + +**1. I am pretty sure, divorce parents should opt out if they share joint custody and have a agreement to claim the child every other year. They should do this to avoid potential issues when they file there 2021 taxes.** + +**2. This might cause you to owe taxes, You might need to adjust your withholding (W-4) correctly so you don’t owe if you claim the advance on your taxes.** + +Adjust your W-4 to the following: + +$1000 Per Kid Ages 6-17 + $1600 per child under 6 + any other credits you get. + +3. Remember, this is a advance **NOT** a stimulus payment. + + + + + + + +My Last Post regarding this: https://www.reddit.com/r/personalfinance/comments/nel69s/irs_treasury_announce_families_of_88_percent_of/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf + +From CNET: https://www.cnet.com/personal-finance/child-tax-credit-irs-portals-will-help-you-get-benefits-update-status-and-opt-out/ +I'm curious to hear about peoples business dealings that have gone bad. There are a lot of warnings on this forum about where and when to be wary of abusive relationships (most recently I saw warnings about rolling over equity with a PE group that wants to buy someone's company), but I haven't seen many firsthand stories about actually being ripped off. I'd love to hear more so that I can maybe be a bit more shrewd in my own business dealings, and hopefully others will find the thread helpful. + +Minority shareholder in a company and you didn't get the promised payout? Employee theft? Business partner emptied the account and left the country? Please share. +TLDR: + +Banks have too much cash on their books thanks to you and i depositing our stimuli checks at the banks. And much much more so due to the on-going so-called money printing. + +Spoiler alert: But the problem with all this excess money isn’t banks physical storage limitations. Afterall it is money created out of thin air. It only exists electronically. + +We allow the USD to have value. Just as we give the USD credence to represent value in transactions for goods and services, so does the Treasury department with “bank reserves”. They give these fakely created “bank reserves” a very real and perceived value. + +Excess cash at banks is not why banks use reverse repos. Banks would use their +counterpart, repos. + +Allow me to explain in Part 1 first how USD +are ultimately created out of thin air and what impact it has to the flow of money and our beloved stock. + +Then in Part 2, I will explain repos and reverse repos and talk about the current reverse repo (RRP) market ATHs and its new record-breaking streak. + +Then in Part 3, I will directly relate Reverse Repos to the reddit meme stocks we are hodling. Specifically, The myth that Reverse Repos (RRP) reaching ATHs is evidence our stock is about to blow up are FALSE. We will MOASS for OTHER reasons. Sadly, It is our Main Street economy that is about to blow up due to this heroin-high that money printing behaves exactly lock step hand in hand in the same manner. +~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ +Part 1: The current process of money printing that causes excess money to go into the real economy and how it ends up at banks: + +The fed magically out of thin air, at the very beginning and top of this “money printing”process, electronically creates a form of cash for a lack of better descriptor, called a “bank reserve” and simply just adds these fakely created bank reserves to the Fed electronic ledger/balance sheet. And in return the Fed acquired an equal amount of REAL treasury bonds from the Treasury Dept to hold on its balance sheet. The fed paid them with ARTIFICIALLY created money (aka bank reserves). Later you will learn, the bank reserves that were originally created out of thin air are the so-called figurative paper that goes in the money printer to create REAL cash printed (arisi g) from that paper. One fakely created bank reserve $ will soon create 9 yes nine times their worth in 9 real, usable USD cash dollars downstream in this process. Stay tuned. + +Back to the treasury, the treasury loves treasuries so they swap out those formerly fakely created bank reserves (a form of cash) they got from the Fed with major banks as if the bank reserves were legitimately worth anything. The bank gives the treasury 1 treasury bond and in return, the bank gets 1 bank reserves. The bank reserve is now perceived as real and has real worth. Now they still need to be converted to cash. Another analogy. Bank reserves are VIP tickets to the actual cash money printing magic show. + +For every $ of bank reserves held, they can magically “print” 9 times that! I kid you not. All they have to do is maintain the minimum required reserve % which is currently 10%. This 10% minimum is the most damning thing ive ever heard of. It makes our economy run based on a Ponzi scheme. They then have authority to loan out 9 times that amount and the bank backed by the full power of the U.S up to $250,000 per person. So every $1 of fake bank reserves is now a real dollar of bank reserves. And any bank now has authority to put 9 times that amount out into the economy in the form of loans. It is the guvmit’s hope banks make many loans that will create multiples in value by way of goods and services. + +I know what you are thinking. And yes if everyone did a bank run at the same time, the bank would quickly become insolvent. If every bank was raided by withdrawing en masse at the same time, the govt would fail to provide people all their money. Americans would riot. The dollar would be doomed. + +All the stimuli checks we deposited in our banks and this is important, all the money that businesses big and small make that they then deposited into the banks, creates a huge excess. That is our M1 & M2 money supply which are at ATH also. + +Part 2: Repos & Reverse Repos + +There is a electronic REPO market where banks can offload excess assets (aka securities) if the need arises. The reverse repo market is the opposite. The banks use it offload liabilities (aka cash) overnight. + +I may be stating the obvious, but banks who need to get rid of excess “cash” do it not because of physical limitations on storage. Remember how they only are required to hold 10% of their bank reserves as assets? This means they typically correspondingly can only hold 10% of the USD cash that they get from people and businesses overnight. This is because of the daily requirement for assets to match liabilities on the bank ledger / balance sheet. A bank reserve is an asset after all, its a ticket to extend loans of real cash to people and businesses. So, every night, banks lower the amount of cash they got from people and business deposits just enough that with an equal amount of assets (treasuries) that they receive in a RRP transaction, their balance sheet will have equal amounts of assets and liabilities. + +If RRP continue going up to the max, then a collateral shortage will occur. + +Loans are also actually assets. I know, you might think the opposite if you hadn’t studied the U.S. economy for as long as i have. To simplify a confusing concept, I will just tell you to think of Loans as essentially future income for banks. Technically, major spoiler alert: When you pay down your mortgage thru blood sweat and tears every month, in the end all the bank does is subtract it from the ledger. You’re hard earned money is burned kind of like Ethereum is burned from existence. That fact depresses me and angers me. I have no clue if it is correct, but it sure doesn’t feel good to know! + +It really probably should blow your mind to know those loans of real USD out into the economy are 9 times in multiples exceeding their fakely created now perceived as real value in the first place. The money banks loan out does not come from the bank owning stock or something. Loan money is just a 9x magical replica of the fakely created now perceived as real, bank reserves. This is completely different than where i thought banks got so much money to loan out. 9x USD are literally handed out by way of loans which are the oil that keeps our economy engine running. + +Part 3: + +I ask other economists out there: Is this illegitimate method of creation of money out of thin air happening in other countries? + +When did we switch from the following seemingly more legitimate method of creating cash? What happened to guvmits financing their spending with real money by selling treasury bonds or something to the people and companies who give them real money up-front in-exchange for bonds that can be redeemed in the future using guvmit income from tax payment collection. + +I know excess money can cause the phenomenon of inflation, but won’t this snowball? How do we stop this injection of money into the economy? + +Conclusion: +GME could be close to mooning because the Reverse Repos charts indicate the amount of excess cash in the banking system is extremely high, so high that record breaking amounts are being offloaded and dumped in the reverse repo market in order to reduce their liabilities sufficient enough that the treasury assets they receive from the reverse repo market make their balance sheet match liabilities (cash) to their assets (securities). This screams instability. Anything could trigger this unstable system to tip over. If Wall Street senses instability that could cause panic selling. And of course, a stock market crash will cause GME to moon! HODL + +I submit to you that Main Street imbalances (excess cash from money printing) causing inflation is highly probable and could definitely cause Wall Street to crash which means we could be quickly catapulted to the moon. +**How on Earth is Citi's Stock Price so Low!?** + +Is there a stock as ridiculously underpriced as Citi (C)? Before the 2007-2008 crisis, Citi was trading at around $500/share and then abruptly crashed down to prices as low as $15/share before moderately rebounding to around $40/share in late 2009. Since 2009, Citi has been trading within the range of $40-$80/share despite enormous growth in the company's financials. Citi currently trades at roughly $50/share despite yielding annual free cash flows (FCFs) which are far, far, far greater than they ever did when its stock price was roughly $500/share. They had FCFs of \~$57 billion in 2021! And the 2022 Q1 report makes the rest of the year look extremely promising. If you took their Q1 2022 Net Income, "extrapolated" that figure for the entirety of 2022 by multiplying it by 4, and assumed the same Net Income/Free Cash Flow ratio as seen in 2021, you'd get a FCF number equal to around $44 billion! Both their actual 2021 FCF figure and this 2022 estimate are drastic improvements from prior years. But keep in mind that this "back-of-the-envelope" estimation calculation is most likely an underestimation for one big reason: + +**RISING INTEREST RATES** + +Banks make more money when interest rates rise. The Fed is raising and will continue to raise interest rates to recent records to combat the recent bout of inflation. Banks such as Citi stand to gain enormously from this. + +Yet for some reason, the Fed's announcement of interest rate hikes in March barely had an effect on Citi's stock. + +EDIT: Additionally, Warren Buffett recently invested an enormous amount in Citi, but that had very little effect on its stock price. + +Every single DCF model I've seen of Citi yield Equity/Share values that are far, far, far higher than what the stock is currently trading for. Analysts widely seem to agree that Citi is undervalued and has been for several years. + +Just for fun, I took the Free Cash Flows generated by Citi from 1989-2021 and used the Excel forecast function to use that data to create a forecast for the next 10 years within a 95% confidence interval. Thereafter, I took those FCF forecasts and used the "terminal value" method to come up with a NPV Enterprise value for the company (assuming a 5.5% WACC, as calculated by valueinvesting.io). I took this figure and subtracted the company's net debt to arrive at an equity value for the company. Afterward, I divided this equity value and divided it by Citi's shares outstanding. This is essentially how DCF models calculate a stock's "intrinsic" price. I got an "intrinsic" price of **$254.68/share.** + +But that's not all! I also did the same thing but used the FCF forecasts from the Lower Confidence Bound (meaning Excel is 95% sure that the actual values will be higher than these values). Thereafter, I averaged the results from the median forecast and the worst-case scenario (as it is extremely unlikely that Citi will actually yield FCF of around -$35 billion for every single year for the next 10 years). Averaging the median forecasts and the worst-case forecasts, I got an "intrinsic" price of **$56.55/share**! Keep in mind that this is basically the most realistic **worst-case scenario** for Citi's future FCFs. + +**Citi is currently trading at $46.35/share.** + +I've done tons of DCF models and my "intrinsic value" figure always ends up being pretty close to the actual stock price. This is virtually the only exception. How on Earth is Citi only trading at $46.35/share!? How is that even possible!? Why isn't the stock price soaring? +Multiple issues with the house, but the main issues of concern were: +-Natural Gas leak in the attic +-Multiple fire hazards including outlets facing upwards under the stovetop and the oven using incorrect electrical setup +-Water penetrating throughout the entire home leading to mold growth +-The panel covering the main electrical breaker for the house is caulked shut and inaccessible + +Other than obviously revoking our offer, what do we need to do? We're thinking of trying to get out of the lease, but not sure if we would be subject to early termination fees. + +Houston Texas is the location + +Update: Gas Leak was fixed promptly by the gas company + +Update 2: +Thank you to all for the great and thorough inputs. We are getting a mold test to determine which strains the home has. Waiting on the emailed official report from the inspector before trying to get the landlord to fix the electrical and fire hazards. Currently staying at a friend's house. + +Clarification on the stovetop outlets: The stovetop is on an island in the middle of the kitchen. Around the rim of the range's metal body, there are small gaps leading below where their are outlets facing up towards the island counterspace +Just had a guy in our shop today looking to buy an art easel. Once we started talking he told me that he wants something cheap as he needs to use it one time only to put up a picture for his dads funeral. + +We have bunch of these easels kicking about- old models that we used for display back in a day that are just collecting dust in the warehouse. I offered to give him one for free as long as when he is done with it he will donate it to his local charity. + +I also try and cultivate this mindset with our staff, to prioritise being a human beings over short-term profits as this will result in long-term customer loyalty. + +Shit like that separates us from Amazon. Fuck Amazon. + +&#x200B; + +Edit: Thank you Apes for all the kind words, updoots and awards! <3 +Hey everyone, + +29\[M\], 70K in brokerage, 35K in Roth, 18k in Ally, 77k 401k, zero debts. Mechanical Engineer in N. California. 76k salary. It's my first milestone thread. What's my FIRE number? Not sure. Probably $1.5M in today's dollars. I think I focus less on a number and more about a pace and status, where I can hopefully make working optional sometime in my early 40s. + +The most important advice I can give is this.. get a longterm boyfriend or girlfriend to pay 45% of your monthly home expenses. So be sure to set aside 1% of your portfolio aside for self-improvement to maintain handsomeness, so you can attract and maintain a high quality partner. Kidding. + +I mostly own index funds and have had good luck with my stock picks (Microsoft, AMD, Sunrun, Visa). We've benefited from a very favorable market. But one thing I do think that I do well is remain long-term oriented. I try to avoid the arrogance and egocentrism involved in believing that I can consistently beat the market. I try to resist that mental mistake and remember that statistically I won't, and that if I do, it was likely dumb luck. Like Ben Felix suggests, I try to focus on making good decisions, and not mistaking good outcomes with good decisions, like making a fortune by going all in on Tesla options. I think about how in every decade the top companies in the S&P were totally different and that empires fall and entire markets shift. I'm of the belief that 20-30 years of good, risk-appropriate decisions gives one a very good chance of establishing comfortable wealth, and may even outpace the risky trader who gets massive wins but is offset by big losses. Overall I think maintaining an investing mindset of humbleness over arrogance is beneficial for one's wealth and mental health. + +I don't see my brokerage/roth strategy changing much in the upcoming years. For goals, I have grown to have a sizable fur family and its only my good luck in having a very tolerant landlord that's allowed me to keep them. I would like to get a house of my own, and I'm still at a young enough age I can tolerate a roommate to make some income from. + +I'd say another thing is don't hesitate to take advantage of stability. I've got a good amount saved, and have been back to work for a year. So my girlfriend and I are taking advantage by taking road trips as often as we can. My advice is recognize when you are in a favorable situation where you can do bold, enriching activities. We've visited multiple state parks in California and Oregon this summer. Our favorite is Smith Rock, Oregon. We're planning on a 4 day trip to fly out to Utah to see Arches and Zion in October. + +I had another thread last August where I recounted my experiences being fired for two months. I enjoyed the life of training dogs, reading, and exercising. So I'm still content to be on the path towards a more permanent version of that. +I work for Apple... not in retail but as a corporate employee. I want to be the first Apple employee to have a portion of my salary paid in Bitcoin. Anyone got suggestions as to what a good way to pitch might be? + +There are 5 mangers between myself and Tim Cook. I need to make enough of a statement that my message gets forwarded up the chain 4 or 5 times, for consideration. I am not aware of any other Apple employees having attempted to make this happen. Any statements that you feel worthy of putting in my pitch or other tactics to persuade are totally welcomed. + +Thanks and hodl safe! + + + +———————————————— + +EDIT: I understand I can take my paycheck and buy crypto with it. Thanks for all who pointed that out. This is supposed to be about larger mainstream adoption. Encouraging apple to develop a wallet and employees to allocate a certain % of my base salary to be deposited in btc. I am well aware of coinbase and how I can purchase crypto with fiat currency. Apple always test internally first. This is a clear path to a bigger picture. +Hello! I've been interested in the stock market for a while now but I don't really know who to learn of or what to learn of so I'm here to ask if anyone knows any book recommendations? I don't have the most money right now so I can't buy books that are too pricey but anything is appreciated! +I'm a bitcoin stacker and holder since 2019. No shitcoins. I'm a firm believer that bitcoin will usher in a new era of monetary stability in the medium to long-term future. I lurk on this sub everyday and never post or comment, but I dusted off this auto-made account just to create this one post and then I'm gone again. + +There has been a recent outpouring of hate toward some of the most popular hardware wallets (eg ledger and trezor) . These seam to be perpetrated by a few very outspoken commenters, but I'm concerned their narrow-minded views could gain traction. Basically, they posit that the only way to hold bitcoin is via an airgapped laptop or IF YOU MUST, a coldcard. Anything less than this is akin to shilling shitcoins because HW wallets like trezor and ledger allow shitcoin storage. + +We need to be realistic here. If we are talking about resetting the financial system, then this means everyone will need to be able to use and store bitcoin safely. Are you really proposing that everyone who wants to store their bitcoin install open source linux, figure out something like glacier protocol, roll dice a thousand times, and only use micro SD cards to store PSBTs? Like, seriously? Not everyone is a cypherpunk. What about people in the third world trying to outrun hyperinflation? Coldcards only? Come on, y'all. + +The size of your stack and the duration of your time preference will dictate your security measures. If you are holding <5% of your wealth in bitcoin, I would think trezor or ledger would be fine. That's how I started out when my stack was small. As your stack grows and becomes a larger portion of your wealth, you likely should upgrade your security measures. I use a multi-vendor, geographically distributed multi-sig solution now that bitcoin is a more substantial portion of my wealth. + +I won't compromise on shitcoins. It's bitcoin or bust. But we do need to aggressively fight against this narrow-minded point of view that coldcards or airgapped laptops are the only solution for storage. Cluttering up this sub with this viewpoint is going to freak out people new to the space. +Hello, I'm a 30 year old male and I feel like I'm JUST starting life. I have some intangibles going for me (decently intelligent, parents still alive, went to college, decent work ethic) but I still find myself at a point where I should have been 8 years ago when I finished college in 2013. Unfortunately during that time, I took a massive financial hit - I didn't find an internship until 2014 where I was paid $10/hr, then I made a leap to a job that paid 40k/year in 2015. Then I was laid off from that job in 2017 and tried to start a business, which failed. After that, I found a job in 2019 making 55k/year, then I was laid off from that in 2020 in the middle of COVID. Now, I found a job making 70k/year. I'm not ungrateful for it but I sort of feel like I should have been near or at this point several years ago. + +Now, I'm at the point where I'm trying to move out of my mom's house. My social lifestyle has been subpar due to living at home and I just haven't had a lot of those milestones that many other people my age have had (traveling, dating, etc.). I see all my friends doing all this stuff and I feel behind, like I missed the memo. + +Anyway, I'm looking to move to somewhere in the South (currently live on the East Coast) in May/June 2022, but I'm sort of sweating if I'll have enough to financially cover it. I can't delay moving out any longer, I'm already 30 years old and it's something that should have happened quite a while ago. + +On top of that move, I'm trying to pay off debt as well, using the snowball method. Here are my current debts/payments: + +* Student Loans - **$50,800.26** \- currently in forbearance due to pandemic situation +* Discover Credit Card - **$369.03** +* Capital One Credit Card - **$980.50** +* Car - **$9,314.23** with 312.73/mo payment +* Loan - **$18,657.24** with 588.22/mo payment - majority of it taken out to help my mom in a jam (14k), rest of it residual expenses from startup business expenses (4.6k) +* AT&T - **$40/mo** +* Lodging - **$260/mo** \- gratuity "rent payment" to my mom + +Edit: Since some of you asked about assets: + +* Company 401(k) Plan w/ Guideline - **$1,630.95** +* Roth IRA w/ Vanguard - **$11,254** (most of this came from when I was working at a place w/ no retirement plan, so I opened my own and when I was self-employed) +* Emergency Fund - **2,085** + +I really feel as if I shouldn't be in this situation at my age, but it is what it is. + +Does anyone have any tips? I know being debt free is my number one priority. If I was 25 and in this stage, I wouldn't mind staying another year or so, but I've been here for so long I REALLY need to get out and I know that's going to affect things. + +Most relevant excerpt: + +>According to the SEC's complaint, which was filed under seal in federal court in the Central District of California on March 2, 2021 and unsealed today, Andrew L. Fassari used the Twitter handle @OCMillionaire to tweet false statements about Arcis Resources Corporation (ARCS), a defunct Nevada company with publicly traded securities, during December 2020. Specifically, the complaint alleges that, on Dec. 9, 2020, Fassari began purchasing over 41 million shares of ARCS stock shortly before tweeting false information about ARCS to his thousands of Twitter followers, including falsely claiming that ARCS was reviving its operations, expanding its business, and being backed by "huge" investors. The complaint further alleges that, between Dec. 9 and 21, 2020, Fassari made approximately 120 tweets that referenced "$ARCS," dozens of which were false and misleading. For example, **he tweeted, "$ARCS 380,000 indoor cultivation 1 Million+ sq ft processing. WEEEEEEEEE This CEO has big plans for us"** and "a ton of news coming and backed by huge investors for its #cannabis operation[.]" In seeking an injunction, the SEC alleges that Fassari continued to tweet about other stocks as recently as January and February 2021. + +Whole release here: https://www.sec.gov/news/press-release/2021-46 + +Looks like was posted about here at least twice with those two coming from the same user: https://i.imgur.com/QveWUQn.png I'm not going to say that's his reddit account but the cross-list between penny stocks he talked about and the twitter user under the SEC complaint seems very coincidental at the very least. + +Be careful out there folks. +So I'm in my 30s and decided to put some of my savings into stocks in 2020 (right before covid) through a reputable stockbroking firm. My shares were doing well but for the last year they have just gone down again and again, and now I'm down almost $30,000. My advisor tells me not to worry, and I have a diverse portfolio, but almost all of my stocks are in the red and have been so for a long time. I know the market fluctuates but it feels like they'll never go back up. Advice? +I received an email today from Thriver Finance, a company based in Perth which is offering a new investment fund. + +Thriver offers the following compelling reasons to invest in their fund: +* Competitive: 6-9% targeted net return +* Accessible: Minimum $5,000 initial investment +* Confidence: Invest in quality. Low volatility +* Consistent: Quarterly distributions paid. + +So how does the company make money? Well, the company plans to buy invoices from companies for up to 80c in the dollar, which provides companies with immediate cashflow. Think of it like a payday loan for struggling businesses. + +I thought I’d take a look at [their PDS](https://thriver.finance/wp-content/uploads/2020/12/Thriver-PDS-1.pdf) to see if it is a good investment. + + +Fees are detailed on page 13. At the minimum subscription level for the fund, someone who invests $50,000 into this fund would be charged: +* $660 for responsible entity fees +* $495 in administration fees +* $82.50 in professional indemnity insurance fees +* $3654 in direct cost recovery + +This equates to a management expense ratio of 9.79%. This is atrocious. But the reason I am calling it a scam are the performance fees. + +For performance fees Thriver takes: +* 50% of returns above 6%. +* 100% of the returns above 12%. + + +Best case, if the underlying assets perform better than 12%, you will receive a maximum of 9% returns, which is lower than the management expenses! This is why I’m calling the Thriver Premero Fund a scam. **As an investor in this fund, at the minimum level of subscription ($2,000,000 funds under management), it is mathematically impossible for the end investor to make any profit**. +Link to article: [https://www.nytimes.com/2006/08/27/weekinreview/27leonhardt.html](https://www.nytimes.com/2006/08/27/weekinreview/27leonhardt.html) + +&#x200B; + +***My commentary follows:*** + +&#x200B; + +>Financial bubbles rarely meet with such a definitive end, which has always been the biggest problem with the metaphor. They let out their air in unpredictable bursts, and it’s usually impossible to figure out whether they have finished deflating or are just starting to. + +Perhaps this tells us a lot about being overly confident in both the bull and bear hypothesis. + +>A real estate crash might not be the most likely outcome, but it certainly seems legitimate to think about what one would look like. + +I wonder if the author got scolded by readers after posting this because house prices only go up? + +>The collapse of most bubbles does not have a single obvious starting point, like a bad corporate earnings report or an interest-rate rise. Instead, the psychology of buyers and sellers shifts, slowly at first and then sometimes in a cascade. + +This is a really interesting argument. The bulls have had a wonderful decade and have found themselves in arrogant charge over the narrative. A lot of users on here legitimately believe that house prices can never fall. I wonder if their psychology will ever change. + +>The doomsayers’ strongest argument may be that too few families can afford prices in some metropolitan areas. In Las Vegas, Los Angeles and Miami, prices have almost doubled since 2003, and they have risen about 50 percent in New York and San Francisco, the National Association of Realtors says. + +The same arguments were being proposed in 2006 - housing becomes unaffordable leads to unsustainble bubbles. We've seen +50% gains in some areas of Sydney in a year alone. + +>Jumps of this magnitude have little precedent. To afford homes, some buyers, especially in California, have resorted to aggressive mortgages, like those that allow artificially low payments in the early years. In effect, families seem to be buying houses they cannot afford, in the hope that their incomes or property values will rise significantly. + +Replace 'California' with 'Sydney'. + +>Even homeowners not in danger of losing their home — an overwhelming majority, certainly — might respond to falling prices by cutting spending, particularly if they had been counting on their home’s value to serve as a retirement account. That could force job cuts in a wide range of industries. + +Another relevant point. + +>Perhaps the biggest reason to be skeptical about a real estate crash is that the country has not really suffered through one before. Not since the Depression has the combined value of residential real estate fallen over the course of a full year. Homes seem to be much less vulnerable to crashes than other assets, because people rarely sell them in a panic. + +Then the whole "*past performance doesn't dictate future performance*" reality comes around the corner in an angry rage and slaps you across the face so hard you collapse. + +>But earlier booms have been followed by modest price declines in some cities that turned into long periods in which increases trailed inflation. After peaking in much of California and the Northeast in the late 1980’s, house values fell during the recession of 1990-91 and then drifted for years, often rising more slowly than the price of milk. +> +>In inflation-adjusted terms, prices in the New York and Washington areas did not return to their late-80’s peak until 2002. In Boston, it didn’t happen until 2000, and in San Francisco, 1999. + +Completely and utterly pointless. Past performance doesn't dictate future performance. When will people learn? + +>Interest rates could play a role in a long slump, too. They have been falling for much of the last decade, helping push house prices higher by allowing buyers to afford bigger mortgages. Most economists expect rates to remain lower than they were a generation ago but not to return to the extremely low levels of a few years ago, making big swings in house prices, in either direction, unlikely. + +Low interest rates and bubbles. Hmmmm how very interesting. + +>Christopher J. Mayer, director of the Paul Milstein Center for Real Estate at Columbia University, argues that the recent drop in sales does not suggest that a larger bust is coming. “So far we have only seen people asking pie-in-the-sky asking prices and not getting them,” said Mr. Mayer, who expects housing to continue slowing but not enough to create a recession. +> +>He believes that the boom in house prices was largely a result of the appeal of “superstar cities” like New York and San Francisco that are unlikely to lose their allure. In much of the rest of the country, prices are not unusually high, considering the relatively low interest rates. + +Replace the words "New York and San Fransisco" with "Sydney and Melbourne". A lot of people think because Sydney is oh so desirable, the world will drop everything they have to buy all the overpriced sh\*thouse apartments with collapsing balconies. + +>Moreover, few borrowers are falling behind on their mortgage payments, and the economy looks fairly healthy outside of housing. So if prices start falling, new buyers may jump into the market and prevent any extended slump. “The fundamentals of real estate are solid, still,” said James Gillespie, chief executive of Coldwell Banker, the real estate company. + +This is such a common talking point in r/AusFinance. It's really funny to see how people on r/AusFinance sound exactly like American real estate agents 15 years ago. It's almost like they're reading from the same script of excuses. +# 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. + +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. +Persistently high inflation combined with a labor market near full employment will push the Federal Reserve to raise interest rates more than expected this year, according to the latest forecast from Goldman Sachs. The Wall Street firm’s chief economist, Jan Hatzius, said in a note Sunday that he now figures the Fed to enact four quarter-percentage point rate hikes in 2022, representing an even more aggressive path than the central bank’s indications of just a month ago. The Fed’s benchmark overnight borrowing rate is currently anchored in a range between 0%-0.25%, most recently around 0.08%. “Declining labor market slack has made Fed officials more sensitive to upside inflation risks and less sensitive to downside growth risks,” Hatzius wrote. “We continue to see hikes in March, June, and September, and have now added a hike in December for a total of four in 2022.” + +Goldman had previously forecast three hikes, in line with the level Fed officials had penciled in following their December meeting. The firm’s outlook for a more hawkish Fed comes just a few days ahead of key inflation readings this week that are expected to show prices rising at their fastest pace in nearly 40 years. If the Dow Jones estimate of 7.1% year-over-year consumer price index growth in December is correct, that would be the sharpest gain since June 1982. That figure is due out Wednesday. At the same time, Hatzius and other economists do not expect the Fed to be deterred by declining job growth. Nonfarm payrolls rose by 199,000 in December, well below the 422,000 estimate and the second month in a row of a report that was well below consensus. However, the unemployment rate fell to 3.9% at a time when employment openings far exceed those looking for work, reflecting a rapidly tightening jobs market. + +Hatzius thinks those converging factors will cause the Fed not only to raise rates a full percentage point, or 100 basis points, this year but also to start shrinking the size of its $8.8 trillion balance sheet. He pointed specifically to a statement last week from San Francisco Fed President Mary Daly, who said she could see the Fed starting to shed some assets after the first or second hike. “We are therefore pulling forward our runoff forecast from December to July, with risks tilted to the even earlier side,” Hatzius wrote. “With inflation probably still far above target at that point, we no longer think that the start to runoff will substitute for a quarterly rate hike.” Goldman’s forecast is in line with market pricing, which sees a nearly 80% chance of the first pandemic-era rate hike coming in March and close to a 50-50 probability of a fourth increase by December, according to the CME’s FedWatch Tool. + +https://www.cnbc.com/2022/01/10/goldman-predicts-the-fed-while-hike-rates-four-times-this-year-more-than-previously-expected.html +Welcome, please discuss GME here! Some info for you: + +* [How short interest works](https://www.investopedia.com/articles/01/082201.asp) +* [How a short squeeze works](https://www.investopedia.com/terms/s/shortsqueeze.asp) +* [Recent actions by brokers & clearing houses](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) +* [Wait, clearing houses?](https://www.investopedia.com/terms/c/clearinghouse.asp) +* [Wait, what about brokers & market makers?](https://www.investopedia.com/ask/answers/06/brokerandmarketmaker.asp) +* [Some more info on how hedge funds short](https://www.reddit.com/r/stocks/comments/l8mk8v/gme_second_act_margin_call_explained_amc_other/) +* [Was this predicted?](https://www.reddit.com/r/stocks/comments/l8r0oo/the_rise_of_gme_was_predicted_step_by_step_143/) + +And the [gamma squeeze explained](https://www.reddit.com/r/options/comments/l9rdrt/lets_clear_up_a_few_misconceptions_about_gamma/) requires some [options knowledge here.](https://www.reddit.com/r/stocks/wiki/options-themed-post) + +Some other articles just in case you heard these terms: + +* [front-running, btw this is illegal](https://www.investopedia.com/terms/f/frontrunning.asp) +* ["order flow" which is legal](https://www.investopedia.com/terms/p/paymentoforderflow.asp) +* [high frequency trading (HFT) very legal](https://www.investopedia.com/terms/h/high-frequency-trading.asp) + +**See [trading halts here](https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts)** and aggregated [GME news here](https://finviz.com/quote.ashx?t=gme) just scroll down. + +Lastly if you need help with a falling stock price, check out Investopedia's [The Art of Selling A Losing Position](https://www.investopedia.com/articles/02/022002.asp) and their [list of biases.](https://www.investopedia.com/articles/stocks/08/capital-losses.asp) + +And if you need professional help: + +* 24/7 Crisis Hotline: 1-800-273-TALK (8255) (Veterans, press 1) or Text “HOME” to 741-741 +* Call or Text: 1-800-522-4700 (Problem Gambling) or chat https://WWW.NCPGAMBLING.ORG/CHAT + +Updates: gamma squeeze, trading halts, and aggregated news, health lines +The latest results and FY18 guidance has led to a steep decline in share prices today. The numbers are indeed quite disappointing. I see a lot of confidence towards Sun and Lupin on this forum. At current prices another steep fall seems unlikely. So what are folks here planning? + +disc - small position in both Sun and Lupin. Both down 20% atm. +Context: "A lump sum export subsidy of Rs 10,448 per tonne will be given to sugar mills in the 2019-20 marketing year (October-September), costing the exchequer Rs 6,268 crore as subsidy, Information and Broadcasting Minister Prakash Javadekar told reporters after the cabinet meeting." +Hello, just wanted to let everyone know that Kuvera now offers full KYC with IPV and not just the Aadhar e-KYC with a 50000/- limit. They need a couple of documents pictures like Aadhar card, PAN card, and need a photo of you as well as a video recording of you saying your own name. I was earlier told on this sub that I need to do full KYC from Quantum KYC or PayTM Money so I thought of making a post here to let everyone know that that is not needed now. It gives me an "IPV done" on [NDML KRA](https://kra.ndml.in/kra-web/jsps/pos/KYCClientInquiry_NEW.jsp). +Like title Says, What do you, look for in companies profile before investing your money in it. + + +I am also extra curious about what aspects you look in companies fundamentals like P/E, P/Bv etc. + +Thinking of investing in Small / Mids for 5+ years. +Hey guys, as you might know if you ain't a "Government employee" or a millionaire, health issues/accidents can take away all your savings. What are the best methods/tips/Health Insurance Schemes etc a "AAM Adami" should know/do? +Economic theory says human beings are rational agents and their investment ideas are goal oriented, evaluative, consistent and free from emotions. However, in reality, the investment behaviour of retail investors can often be irrational. + +Behavioral finance helps explain the conduct of small investors. One important reason for the underperformance is the disposition effect. It is the tendency to sell stocks of which prices have risen since the time of purchase. Such stocks may have the potential to grow further, but investors book early profits. In other words, investors tend to sell the winners and hold on to the losers. + +For retail investors, they are better off taking the mutual fund route, either it is active funds or index funds, it's upto the investor's choice. Or maybe combination of both. +Not to mention SIP , should be a better option rather than timing the markets or sell now and buy later etc.. + +Source: +https://economictimes.indiatimes.com/wealth/invest/why-retail-investors-dont-make-money-when-investing-directly-in-equity/articleshow/64893510.cms +Excerpts: + +>“Income Tax Department’s Delhi division is short-listing the registry of properties involving cash payment above Rs 20,000. I-T Dept has scanned all the registries made from 2015 to 2018 when I-T teams visited all 21 Sub-Registrar offices of Delhi. They scanned all the registries done from June 1, 2015, to December 2018 where the cash payment above Rs 20,000 was made,” a senior I-T Department official said, requesting anonymity. +> +>In order to curb the generation of black money by way of dealings in cash in immovable property transactions, Section 269SS of the Income-Tax Act effected some changes for the realty sector in 2015. +> +>The assessment officer of I-T Department will start sending notices from next month. The notices will be sent to both the seller and the purchaser. The seller will be asked to pay the penalty of an equal amount if he has accepted cash above Rs 20,000. “We will also ask the source of money with the purchaser,” added the I-T officer. + +*ET* story: [https://economictimes.indiatimes.com/articleshow/67601664.cms](https://economictimes.indiatimes.com/articleshow/67601664.cms) + Lets say an individual had an amount of 15 crore. Would parking the money in a fixed deposit be a bad idea? I personally cannot think of a safer way to secure the principal while getting a generous amount of interest per month. Also, if the FD rate beats the inflation rate, wouldn't the money be safe (i'm asking because people keep saying large amounts will get eaten by inflation every year). +This is really aimed specifically at the BTC maxis, but holds true for pretty much every project out there. Decentralization was the point, right? Well, it didn't work. + +Using BTC as the example: the proof of work concept points it towards a decentralized concept - but in actual practice, it's not. + +&#x200B; + +[ Pool Distribution ](https://preview.redd.it/baqvw45sq7j81.png?width=1172&format=png&auto=webp&s=c367e68a3056e16d53b28ddd3ff8add662fddf58) + +FOUR MINERS CONTROL 53% OF BITCOIN'S HASHING POWER. + +What this shows is that there is a preferred nature to progression - and it's actively at odds with the concept of decentralization. BTC set an incredibly high bar for hashing while holding appeal for people to try it. The issue is that the for the common person, BTC mining is cost prohibitive. So, what do people naturally do when something is cost prohibitive? *They pool their resources*. + +Which, normally, works out great! Except that's the exact *opposite* of what the mission was: decentralization. Pooling resources is literally *centralization*. By removing the individual autonomy of participants - the original targeted democratic governance is reduced to an oligopoly. + +Almost every single thing people love about crypto - the exploding value, the decentralization, etc., is all fundamentally undercut by the processes you use to exploit it. + +How do you buy BTC? We used to buy it P2P. Now, the most common outlet is a CEX. From decentralized - to centralized. CEXs are nothing but *pooled resources*. + +So, when people claim BTC is 'decentralized' all I can do is laugh. It's a network dominated by four entities and entirely reliant on centralized exchanges. That's why it is what it is today. BTC doesn't hit $30k, 40k+ without massive money coming in - and that money is, surprise... pooled. *That's what institutional investments are*: *pooled resources*. + +BTC had an incredible vision - but the reality is, it has been entirely usurped - and largely by the same people that still sing it's original vision as if that's somehow what made it what it is today. Which is simple not true. +Over the past week, a spammer has been sending tens of millions of tiny transactions to new wallets. This has been bloating the Nano blockchain which has been putting stress on the validators. + +They were handling it fairly well, until today. The attacker ramped up his attack and averaged 60 TPS, with bursts up to 500 TPS. This overloaded many of the nodes and they have started desyncing. Confirmation time is over 5.5 seconds and climbing fast. Before the attack, it was around 0.2 seconds. Edit: Seems like a lot of transactions aren't going through at all. + +Its unfortunate for the network, but fascinating to watch from a data perspective. I linked some resources below. + + +https://nanoticker.info/ +https://nanocrawler.cc/network +https://nanolooker.com/ +https://www.foxbusiness.com/markets/teslas-market-value-hits-600b-for-first-time-joining-ultra-small-club + +The market value of the electric vehicle maker reached $608 billion on Monday for the first time and is now just one of five S&P 500 companies to join the exclusive club as tracked by Dow Jones Market Group. + +The company is set to be added to the index, which is the broadest measure of the stock market, on December 21, and since the inclusion was announced last month investors have pushed the stock to record highs of $641.76 per share growing the market cap by $221.49 billion. + +A surging stock price is hitting short-sellers hard, including Jim Chanos who is one of Wall Street's most skilled betters against companies. Last week he disclosed in an interview he is no longer short the company while offering rare praise to Musk. + +Thanks for the awards. +Let’s be real here. We all have bought into an IPO that we regretted. We might have been swayed by the Red Herring report, the marketing pitch, or the investment banks' roadshow. I personally have lost money in both the IPOs that I bought into and now avoid IPOs like the plague. However, I wanted to keep my personal experience out of the analysis and wanted to understand + +**Whether IPOs in general make or lose money for the average investor?** + +**Where is the data from:** iposcoop.com + +This is the first time in any of the analyses that I have done where the data was accessible directly in a usable format. They have documented almost all of the IPOs from 2000. I have cross verified the data with [Statista](https://www.statista.com/statistics/270290/number-of-ipos-in-the-us-since-1999/) and have observed coverage of more than 90%. This period covers a wide variety of situations such as the dot-com crash, 2008 financial crisis, market rally following the crisis, etc. which implies that our analysis covers both bear and bull market., + +All the IPOs and my analysis have been shared on a Google sheet at the end. + +[ ](https://preview.redd.it/1b57i54kjf471.png?width=624&format=png&auto=webp&s=c94d300b124e4fbe720eb2ac0a0e76a723a197dd) + +**Analysis** + +Before we jump into the analysis, there are some things we need to understand about IPOs (if you know the inner workings of an IPO, please feel free to skip to the results). When a company wants to go public, they hire investment bankers to sell the shares. The investment banks are then responsible for creating interest, choosing the optimum time to go public, and make sure the price is right so that there is enough demand. But the banks offer a large share of the allocated stock to institutional investors such as pensions, endowments, or hedge funds. Retail brokerages can end up getting shares, but they may make up only [10% of the total allotment](https://money.usnews.com/investing/investing-101/articles/how-to-buy-ipo-stock-at-its-offer-price). + +Adding to this, additional factors such as your brokerage account, account balance, the historical trading pattern will all contribute to whether you get the IPO shares or not. (i.e., Brokerages tend to allocate IPO shares to their premium clients). For e.g., in the case of [TD Ameritrade](https://www.tdameritrade.com/investment-products/IPOs.html), your account must have a value of at least $250,000 or have completed 30 trades in the last 3 months. + +I have factored in the above limitations and have calculated the historical performance of the IPOs in two different ways + +a. You get the IPO allocated at the offer price (the price at which institutional investors are buying) + +b. You buy the IPO when the market opens on the listing day (opening price) + +For the above scenarios, I have analyzed the following + +* Listing Change (Difference between Opening price and Offer price) +* One day change - inclusive of listing +* One day change - exclusive of listing + +To make it simple, let’s take the example of company X. If the offer price of the IPO is $10, the Opening price on the day of the IPO is $12 and the Closing price is $15 then, + +* Listing change is +20% +* One day change inclusive of the listing is +50% +* One day change exclusive of the listing is +25% + +**Results** + +[ ](https://preview.redd.it/18s5kkdmjf471.png?width=950&format=png&auto=webp&s=49dd23e1edddecaa82f34b39d8ceadfcf61ad596) + +On average, IPOs did make money for the investor. But the amount is significantly different if you got allocated the IPO at offer price vs you bought the IPO at market open. The average listing change over the last two decades was 12% and the average one-day gain in the market inclusive of the listing was 13.6%. Adding to this more than 68% of the IPOs ended in green on the listing day. + +But the story is markedly different if you choose to buy at the market open. Only 48% of the IPOs ended at a price higher than the opening price and the average change was a mere 1.3%. Now that it’s out of the way, diving deeper into the data brings interesting insights. + +https://preview.redd.it/dz7ydj6ojf471.png?width=1033&format=png&auto=webp&s=b05effe757c449ce73d1c116575348ea6da8dbd2 + +Above is the list of top 10 IPOs having the most amount of gain on listing day. Baidu.com made a whopping 354% on its listing day. Another interesting observation is 6 out of 10 companies in the list were listed in 2000 and were predominantly tech companies (just before the dot com crash). But not all companies had a great experience on the IPO day. Here is a list of the worse performing companies on the day of listing. + +https://preview.redd.it/8el2ps4qjf471.png?width=1034&format=png&auto=webp&s=3475a9680d56b3f84b1ee4a4d9c671b8bde5cc38 + +There are certainly some familiar names on the list. [Funko IPO](https://www.seattletimes.com/business/funko-stock-plunges-in-ipo-shocker/) is considered to have the worst first-day return for an IPO in the last two decades. Sundial Growers also had a rough time in the market on its listing day with the stock losing 35% of the value in one day. + +https://preview.redd.it/lp1hoxtrjf471.png?width=1186&format=png&auto=webp&s=8327cc0eaa20fff6296746fa0a9a9249c695765c + +I also calculated the IPO returns for each year after 2000. As expected, the year 2000 was the most successful year for an IPO with an average return (inclusive of listing gain) of 35%. The worst year was 2008 (after the financial crisis) with only a 2.3% return. This graph also showcases two important things + +a. On average the IPOs have made positive returns every year in the last two decades + +b. There is a vast difference in your returns based on if you got the stock at offer price vs opening price and the trend holds across the years. + +This brings us to our final question of which investment bank made the most number of IPOs and how was their performance on listing day + +[ ](https://preview.redd.it/1qtyznjwjf471.png?width=1028&format=png&auto=webp&s=362e263e0115c17f9ca00a055fa3d20a706bdaba) + +Out of the top 10 list, only 3 Investment banks had below-average returns. We are not going to draw any conclusion from this as an IPO is usually handled by multiple banks in partnership and the above analysis is done using Fuzzy match (its an approximate match) + +**Limitations of the Analysis** + +There are some limitations to the analysis. + +a.       We don’t have 100% coverage for the IPOs done since 2000. From comparing to other sources, I could observe more than 90% coverage and I feel that this should be representative of the whole. + +b.       There is no data showcasing what percentage of each IPO was offered to the retail investor. + +**Conclusion:** I have some theories to explain the IPO performance. I think it’s driven mainly by two factors. One being the hype/PR generated by the investment bank about the company and the second is that I think the investment banks slightly price the IPO lower than the market value of the company so that the IPO issue is 100% subscribed (their fees are dependent on a successful IPO). Both these factors contribute to the listing as well as the one-day gain that we see across the board. + +Overall, this once again seems to a situation where having money makes you more money (institutional investors having easier access to the IPO) but as the analysis shows retail investors can still make significant gains by buying into an IPO! + +Google Sheet containing all the data: [here](https://docs.google.com/spreadsheets/d/1nHsXW7-2bu0jafuZe_0LmapSE5V5KXYF14Oe0lG2TKA/edit?usp=sharing) + +*Disclaimer: I am not a financial advisor. If you are planning to invest in an IPO, make sure your brokerage support purchasing IPOs, minimum criteria to participate, and also the historical track record of your brokerage in issuing IPOs. All of this will significantly improve your chances of getting the IPO issued at the offer price.* +So i’ve been into stocks for about a year but I’ve got no experience with real estate investment trusts. I assumed their market cap would reflect their assets or equity in some way because I’m under the impression they just own houses so people can ‘own’ real estate without having to buy a house. But looking at Crown Castle (CCI), their market cap ($90b) far exceeds their assets (>$40b) and even more so their equity (>$10b). + +I’m mainly interested because i’m interested in shorting the real estate market and i’d heard this was the easiest way to do so. Any insight is much appreciated. +XX ape here with a legitimate question. I have been searching for a post where someone else has asked this but I can't find anything. It's probably because the answer is obvious but I still don't know and need someone to tell me. + +When GME reaches a trillion dollars and HFs can't fully cover, how can the brokers dish out enough money to pay to people selling their shares? Like, there has to be a point where hedgies cannot cover enough shares and there is just not enough money to go around. What happens then? Is this just a never before seen scenario and we actually have no idea? + +Edit: Thanks guys, my brain is a bit less smooth now +Hey, y'all! Longtime lurker and occasional shitposter, first time DD-writer. Feel free to let me know what you think in the comments. + +# Disclaimers + +This post is for entertainment purposes only. I am not a lawyer and this is not legal advice. Consult a professional before making any legal decisions. I am not a financial advisor and this is not financial advice. Consult a professional before making any financial decisions. I have a financial interest in all the organizations discussed but to varying degrees; GME is the largest by multiple orders of magnitude. + +# Background + +A bit about my relevant experience in the areas that I discuss below. Happy to verify my identity with mods if requested. + +I've worked at multiple tech startups with good, bad, and mediocre exits. I've brought multiple products to market within complex business structures involving multiple business units. I'm passionate about strategy, product launch, legal risk, finance, marketing, & go-to-market. + +No formal experience in web 3, just started learning recently with the recent Loopring leaks. + +# GameStop Gaming NFT Marketplace w/ Immutable X + +Like many others, I was both super excited but somewhat confused by this announcement. I had been following the Loopring leaks and have been eagerly awaiting an announcement about their partnership with GameStop. What we got last week wasn't that - it's actually way better. + +If there's any doubt in anyone's mind, let me say unequivocally: this is incredible news and shows how serious GameStop is about reinventing itself to address the rapidly growing markets of gaming, collectibles, NFTs, and possibly the broader web3 space. + +While there isn't much out there, we did get some important details from [GameStop's SEC filing](https://news.gamestop.com/node/19586/html) and subsequent media push by IMX's Robbie Ferguson (Bankless YouTube announcement [YouTube interview](https://www.youtube.com/watch?v=fne4XMhtVf4) & [Twitter posts](https://twitter.com/Immutable/status/1489768162254266369)). Also, many wrinklier brains than mine have posted foundational analyses like [/u/fortunate\_branch](https://www.reddit.com/u/fortunate_branch/)'s writeup in the Loopring subreddit. + +# Structures: Organizations, Technologies, & Products + +Here is what I believe to be the structure of products, technologies, and organizations between GME x IMX x LRC. We know about the GME Entertainment entity from the GameStop filing about Immutable X. + +[Theorized org & product structure](https://preview.redd.it/fp369egx2rg81.png?width=960&format=png&auto=webp&s=2564259f237a35238a6d7c4e77510225d3f2f800) + +But, per the YouTube interviews and Tweets, Immutable X is exclusively focused on gaming NFTs and building the marketplace for them with GameStop. They're \*NOT\* the custodial wallet for said NFTs. + +That's the role that Loopring's wallet plays in GameStop's overall web 3 strategy - they're the technology underpinning a yet unannounced "GameStop wallet" to act as a free/low-cost custodial wallets for the gaming NFTs acquired through their Gaming NFT Marketplace. But those Loopring wallets aren't limited to the gaming NFTs - they're the core component of GameStop's technical stack to democratize web 3 for mass adoption. + +In the future, if GameStop expands into other types of NFTs (like collectibles), the org/tech/product structure could look like this. + +[Theoretical future org & product structure](https://preview.redd.it/3ylr138z2rg81.png?width=960&format=png&auto=webp&s=fba39a742aca00cb62d73cb97e7304c0090c7a15) + +# Subsidiaries & Financials + +This corporate structure of subsidiaries is often used by startups to protect their initial capital by funding subsidiaries with a small portion of that initial capital. These subsidiaries are often used to "test" a vertical within a broader market where legal risk is unknown or unproven. This way, if something goes truly sideways with the subsidiary and they get the snot sued out of them, only the capital held by the subsidiary is at risk of any litigation and the capital held by the parent company is shielded from claims against the subsidiary. GameStop is doing exactly this with GME Entertainment and the gaming marketplace they're creating in partnership with IMX. + +GameStop has an incredible $1.4B cash on hand [per their Financial Statement for Q3 (ending Oct-30-2021)](https://news.gamestop.com/static-files/d8478a24-97e8-414e-bfd6-f1f73522ceda). No indication what they're using it for or when but I would guess they waited until Q4 close to have a full year of physical & ecommerce transformation on the books before investing in the web 3 venture. This is probably why all this news is hitting now, GameStop's last Fiscal Year ended Jan-31-2022 and we're officially in their new Fiscal Year. + +What's incredible about this to me is that, so far, we've only heard about Immutable X investing 56M IMX tokens (notional \~$160M USD as of writing) into GME Entertainment through a milestone-based partnership. This is so bullish and a testament to the strategic minds guiding GameStop. They raised capital to fund the web 3 venture and structured it with a subsidiary to protect the (current) core physical & digital sales businesses. + +[Theoretical org & financial structure w\/ flows](https://preview.redd.it/fsw9xl113rg81.png?width=960&format=png&auto=webp&s=9cf55f937ce527c1b27217ee0abb25b987b8fdd4) + +I wonder if we'll see a separate GameStop subsidiary dedicated to the partnership with Loopring and holding LRC tokens similar to GME Entertainment and the IMX partnership. Perhaps it would over-complicate things but I could see this based on the differentiated roles that the Loopring wallet technology plays in GameStop's web 3 strategy. I think we may see a "GameStop wallet" product announcement in the future. This product is distinct from the gaming marketplace but an essential piece of GME's web 3 product & experience strategy. + +# Key Functionalities By Product & Technology + +[Key functionalities by product \/ technology](https://preview.redd.it/uxdrvrm43rg81.png?width=960&format=png&auto=webp&s=ccd3d16875613debd2fe835439f11b8644b1eccc) + +# Partner Analysis & Strategy + +IMX appears more ready for the go-to-market motion than LRC. I believe IMX already has strong marketing & sales functions based on 1) their existing game (Gods Unchained), 2) their previous partnerships (like [with TikTok](https://www.cultr.com/news/tiktok-top-moments-nft-collection-powered-by-immutable-x-to-feature-grimes-curtis-roach-bella-poarch-more/)), and 3) the media blitz they've been conducting. Robbie (IMX CEO) had an interview lined up with [Bankless](https://www.youtube.com/watch?v=fne4XMhtVf4) on the day of the announcement and [Yahoo Finance](https://finance.yahoo.com/video/gamestop-nft-partner-says-video-150950315.html) on Monday. I suspect IMX will be a great co-marketing partner for this very public-facing part of their web3 strategy. + +LRC is a critical technology to GameStop's web3 strategy and DeFi overall but the organization is less prepared for GTM. Daniel Wang seems more like a technologist. Daniel's departure and Steve Guo stepping in as CEO likely signals a shift in strategy more focused on Loopring's business applications and go-to-market strategy. LRC is going to get a lot of exposure if/when GameStop announces their "GameStop wallet" built on Loopring but I'm not sure if they would've been ready with Daniel still as CEO. + +The Loopring wallet allows GameStop to pursue multiple NFT strategies, the first among which is gaming NFTs through the marketplace with IMX. + +# Summary + +GameStop's web3 product strategy seems incredibly exciting and I'm really impressed by the partners they've selected. I cannot wait to see what comes out this year! + +# TL;DR + +Buy, hold, and DRS +I'm a member of the glut of recent people trading. I started a week and a half ago and now when I put money into a stock, I am addicted to constantly checking it. Like its an impulse to pick up my phone and check at least every 10 min. Sometkmes ill spend 3 min just watching the grapgh. + +Problem is, not only is this an unhealthy behavior and a waste of time, but it also makes me sensitive to normal market Fluctuations and thus I miss out on profit. + +So for you experienced traders out there, how do you curb this impulse to constantly check? +Hello all. + +I have been reading about central banks amassing losses mostly due to the rate hike affecting their portfolio. + +Austria apparently could not have enough capital to cover those losses in their books, once materialized under further portfolio devaluation. + +Makes me wonder. What happens then with FED, EZB and others? I assume the government rescues them by printing money? + +One article https://www.reuters.com/markets/us/fed-track-tens-billions-losses-amid-inflation-fight-2022-10-28/ +Any thoughts on this... + +I went to the ER in February, and ended up with a balance of approx $4k. + +I've had to chase the hospital to actually confirm the balance and pay. So I called their billing last week, got the balance, and said I'd like to pay it. + +The rep said; "Great, as you're paying in full, you get a 20% discount applied." + +Great, nice surprise and a few hundred dollars saved. The rep said I'll get a receipt which will initially show the remaining balance, but that'll be revised to a zero balance in a couple of days. + +Instead, today, I get a letter that says; "Your request for a financial assistance discount has been denied. You'll receive an invoice for the remaining balance." + +The money to pay in full is budgeted, but they're the ones who extended the discount offer, I never requested it. Is what the rep said binding on them in any way? + +This is in Texas. + +&#x200B; + +**Edit:** Thanks for all the feedback, much appreciated. I'll be calling them to clarify as soon as I get the bill with the outstanding balance. +I never could have justified spending almost a hundred dollars on a kitchen "gadget." However, my father-in-law gifted one to me on my birthday a few months ago, and I think that it is really helping with the budget! + +Not only does it cost a lot less to run the electricity to the air fryer for a few minutes than what it would to wait for the gas oven to preheat and then keep it on long enough to cook, but I find that we are wasting less food. + +For example, my husband asked for potato salad today. He does not like potato salad with the skin on, so usually I would throw all of those potato skins away. +Instead, I threw them in the air fryer with a little salt/pepper, and the kids absolutely loved them! Not only did it keep me from wasting the potato skins, it also saved me from buying frozen fries. (I know that frozen fries are junk food. We like them though. *shrug*) + +I know that an air fryer is quite the splurge, but if you have been on the fence about buying one and you happen to find a good deal, I highly recommend them! +So I'm quite new and I've only put a small amount in which is easily money I can afford to lose. I have \~£150 which has now averaged to $0.6237 initially. + +Since that investment: + +\- High Tide wipes away 27M in debt and a lot of companies are reaching out to High Tide + +\- They had a strong 2020 Financial Report + +\- In Q1 2021 their revenue had increased by 179% + +\- High Tide are on their way for rapid expansion to 115 stores + +\- March 2021 High Tide acquire Smoke Cartel + +\- They have \*applied\* (not been accepted) to be listed on Nasdaq; that being said I have no idea if this is good or not. + +&#x200B; + +Now I know that this sort of stuff isn't always what you can go on but since my initial investment in March 2020 it was at $0.67, then in my second investment $0.61. It is now at £0.59. + +I know in all likelihood it'll increase but out of interest, why is it that all this good news has only pushed the value down? +I got NOK GME and BB and I will sit this out maybe even load up and buy more. I cant let them win with dirty tricks. U americans always talk about freedom and free market but the only thing I see is a market that is as long free as it serves the rich people. Power to the Players. + +So fuck it. + +No financial advice. +I may be projected to make $40-$45k next year, I’d have to work almost non stop with a week vaca. Unsure if this is right for me anymore, I used to make 60k+ working for a a company with benefits. Tried to work on my passion doing barbering and honestly not sure if it’s worth doing 45+ hours a week for less pay and to break my back all day. + +It’s making me question my career change, I still love what I do and I’m struggling to see the benefits. Contributing to my RRSP to lower my income seems pointless, my take home after HST is peanuts, can anyone chime in on this? +-32 single, TFSA maxed, no property, no debt +* Tesla withdraws application for state funding +* All subsidies should be eliminated, Musk tweets +* Car plant construction progressing well - economy ministry +* Regional funding application still underway + +BERLIN, Nov 26 (Reuters) - Tesla (TSLA.O) said on Friday it has withdrawn its application for state aid for its planned battery factory near Berlin as CEO Elon Musk declared the electric vehicle maker opposed all subsidies. + +The European Union in January approved a plan that included giving state aid to Tesla, BMW (BMWG.DE) and others to support production of electric vehicle batteries and help the bloc to reduce imports from industry leader China. + +Tesla was expected to receive 1.14 billion euros ($1.28 billion) in EU funding for its battery plant in Gruenheide, Brandenburg under the plan, with a final decision likely by the end of the year. + +"Tesla has informed the Federal Ministry of Economics and the Brandenburg Ministry of Economics... it is withdrawing its IPCEI application for state funding for the battery factory in Grünheide," a Tesla spokesperson said, referring to European subsidies allocated to so-called 'Important Projects of Common European Interest'. + +Construction plans for the plant would not be affected by the decision, the spokesperson said. + +"It has always been Tesla’s view that all subsidies should be eliminated," Musk posted on Twitter in response to a tweet by another user after Tesla said it had withdrawn its funding application. + +"But that must include the massive subsidies for oil & gas. For some reason, governments don’t want to do that...," Musk added, deviating from the subject of the factory grant. + +Tesla itself is investing 5 billion euros in the battery plant, according to German economy ministry estimates. + +Meanwhile, construction of a car production site alongside the battery plant, which Tesla has begun building under pre-approval permits while it awaits final approval from the regional government, has made good progress in the last few weeks, a spokesperson for the federal economy ministry said. + +The electric vehicle maker also applied in November 2020 for regional funding from Brandenburg, according to the regional government's website. + +A Brandenburg economy ministry spokesperson said this application had not been withdrawn. + +The amount Tesla applied for is undisclosed, but investments worth over 100 million euros are generally given 6.8% of their value, the website says. + +The latest round of online consultations for the public to express environmental and other concerns about the car factory and battery plant closed last week and Tesla CEO Elon Musk has said he hopes to formally begin production by the end of the year and then ramp up as quickly as possible. + +Musk has made his irritation for German laws and processes known, saying in a letter to authorities in April that the country's complex planning requirements were at odds with the urgency needed to fight climate change. + +Source: https://www.reuters.com/business/autos-transportation/tesla-withdrew-state-funding-application-german-battery-plant-economy-ministry-2021-11-26/ +I am currently working from home as a financial analyst at a small boutique investment firm due to COVID. My day-to-day consists of financial forecasting, balancing budgets and conducting various market analyses - so a pretty boring job to say the least. + +I used to be a diligent, focused worker, but ever since COVID hit and the new era of work from home sprung to life, I decided to take another day job: day-trading, which also coincidentally involves looking at numbers. However, this made me pay less and less attention to my analyst practice and instead, made me gravitate towards where the REAL finance practice is. + +Anyways, today, I was supposed to produce a performance report consisting of our company’s EBIT, but I accidentally overwrote our current period’s EBIT with the price of the stock I was looking at. I sent this report out to the entire organization and my VP was the first to catch this error. She pretty much asked me if I was stupid in the nicest way possible. She, then, probably spoke to my one-up afterwards because he called me up and started yelling at me over the phone. This turned out to be a huge learning experience for me. + +Moral of story: +1. If you’re day-trading while you have another work from home job, day-trading is higher priority so learn to accept the inevitable consequences from your employer in the event of a fuck-up. +2. Short the company you’re working for. +From Gizmodo: + +>The great crypto implosion of 2022 is starting to look more and more like a classic run on the banks. + +>Crypto futures and lending exchange platform Coinflex shocked users on Thursday with an announcement saying it would pause all withdrawals, citing “extreme market conditions” and continued uncertainty. Users are, as of press time, unable to pull any money out of their Coinflex accounts. The hectic pause comes one week after similar sudden withdrawal freezes at Celsius and Binance, two of the biggest cryptocurrency exchanges in the world. + +>In his blog post, Coinflex CEO Mark Lamb said he was “confident” the situation would be repaired and result in a restoration of withdraws. Market conditions aren’t looking good, though. Bitcoin recently dipped to its lowest point in 18 months and sent droves of crypto owners swimming for shore. Lamb gave an estimated date for when withdrawals would be allowed again: June 30, with an update pegged for June 27. + +>“Please note that these dates are estimates based on our current understanding of the situation,” Lamb said. “We will give more clarity on the details and updates to the situation as soon as possible.” Coinflex did not immediately respond to a request for comment. + +>Coinflex wasn’t’ the only one feeling the heat this week. On Wednesday, trading platform Voyager announced it decided to cut its daily withdrawal limit by more than half, $25,000 to $10,000. Voyager’s belt-tightening came after it announced it was considering issuing a notice of default to the hobbling crypto hedge fund Three Arrows Capital. Voyager claims Three Arrows Capital owes it a devilish $666 million worth of Bitcoin in unpaid loans. The hedge fund reportedly failed to meet its margin calls from lenders earlier this month. Voyager did not immediately respond to a request for comment. + +>The crypto withdrawal halting horrorshow kicked off last week with Celsius. Babel Finance, another major player in the space, followed suit days later due to what it described as “major fluctuations,” in the crypto market. + +https://gizmodo.com/coinflex-voyager-withdrawals-crypto-celsius-bitcoin-cra-1849101954 + +GameStop Wallet creation guides: + +https://medium.loopring.io/guide-how-to-use-the-gamestop-wallet-ae5e26164ece + +https://www.youtube.com/watch?v=mrndXX4uTjI + +Edit 1: I'm taking a break, but I'll be back in a few hours. 7:10pm EST + +Edit 2: Back at my PC. Did I miss anyone who asked for an activation? + +Edit 3: I'm going to bed. I'm going to leave this post up and get who I can in the morning. + +Edit 4: 8am Sunday morning. I think we got everyone who left an address overnight. Thank you to the users who jumped in to help out. I'm going keep activating wallets until I run out of funds. A few of you asked for my wallet address. 0xFE04413A04C069D9Cdd0B093dc5b72B3EA359AE2 +Hi all, + +Within the past few hours, a screenshot has been circulating that is creating the base for a rebranding rumour, wherein Raiblocks would be rebranded to Nano, and we'd be partnered with Dadi: + +https://i.imgur.com/g99uKZt.jpg + +**Credit goes to /u/Afkbio for this screenshot** + +This was immediately shot down by Raiblocks staff, who said that: +"There's been a shedload of rebrand suggestions lately. Looks like someone went to a lot of trouble to put this one together." +https://www.reddit.com/r/RaiBlocks/comments/7nup8y/raiblocks_rebranding_to_nano_big_if_true/ds4naxg/ + +**However, I have reason to believe this is just a cover up, and that a partnership is on the horizons. Here's why:** + +I did a search on Censys for raiblocks.net: +https://censys.io/ipv4?q=raiblocks.net + +It bought back a result for 'Nano Wallet'. It returned an IP address with a mirrored version of the current RaiWallet with updated branding. Here are the screenshots I got: +https://imgur.com/a/M0pOb + +It has since been taken down, but there is a support email for support@nanowallet.io visible in my third screenshot. + +So, I did a whois for nanowallet.io, and this is what I found: + +https://www.whois.com/whois/nanowallet.io + +REGISTRANT CONTACT + +Name:Christopher Mair + +Organization:DADI + +Here's a screenshot of that: https://imgur.com/a/8ukQd + +**That's right, DADI. The same DADI listed as a partner in the original screenshot.** + +**Therefore, Raiblocks will rebrand to Nano in the coming weeks. This is incredible news, as I feel DADI will be one of the biggest players in 2018** + +Additional proof, the CTO of Dadi had a repo in Github called raiblocks: + +https://webcache.googleusercontent.com/search?q=cache:4YVD_yi6W-cJ:https://github.com/jimlambie/raiblocks+&cd=2&hl=en&ct=clnk&gl=uk + +https://imgur.com/a/TkekI + +And thanks to /u/gbhall: + +> "http://158.69.141.179/ is the RaiWallet (test build maybe). http://158.69.141.179/resources is a 404 for nanowallet.io" + +More proof: + +* https://nanorai.com +* https://www.reddit.com/r/RaiBlocks/comments/7nvcf9/didnt_zach_tweet_something_about_private_keys_so/ +* https://twitter.com/chrismair?lang=en Chris Mair's twitter bio +* MAJOR FIND: http://tmsearch.uspto.gov/bin/showfield?f=doc&state=4802:vjq0gi.8.1 search for Nano Coin on this trademark website. Credit to /u/Zuvannn for this one +* http://tsdr.uspto.gov/#caseNumber=87726750&caseType=SERIAL_NO&searchType=statusSearch +* 3 different trademarks, all owned by Nanolabs LLC. Registered in Austin, Texas, which is where Colin happens to live... https://www.reddit.com/r/RaiBlocks/comments/7nw8m4/nano_nano_coin_and_nano_currency_are_all/?utm_source=reddit-android - /u/crypto_in_the_news +* Hello, I found the repo in Github: https://github.com/RaiMakers It says NanoMakers: "NanoMakers is a group of open source developers and projects dedicated to improving and promoting the RaiBlocks Ecosystem!" - /u/temraaz + +FINAL UPDATE: a team member in the Telegram has clarified that the partnership will be announced soon, thereby confirming this rumour +https://imgur.com/a/yUu7g + +Thank you everyone for contributing, I hope you all have a wonderful day. +Some **MAJOR BULLISH** news came out yesterday, which indicated that Veritas has extended the tender date from April 1st to April 6th (to my understanding the furthest extension date possible is April 7th). However, this is only 7 days from today. + +Additionally, in this extension document it was noted that **ONLY 0.6% shares have been tendered**. For this deal to go through 50% plus need to be tendered. This is a long way off the necessary amount when they were originally just 72 hours away from the deadline. This also means **NO** major institution has tendered their shares yet. If 50% do not tender then Veritas will be forced to increase their offer, or back out of the deal and as a result our OTM calls/shares should rip. + +Here’s the specific wording from the SEC filing ([SEC Filing](https://www.sec.gov/Archives/edgar/data/0001580156/000119312522087537/d317801dsc14d9a.htm)): + +“On March 29, 2022, Purchaser extended the expiration of the Offer. The Offer was previously scheduled to expire at one minute after 11:59 p.m., New York City time, on April 1, 2022. The expiration time of the Offer has been extended to one minute after 11:59 p.m., New York City time, on April 6, 2022, unless Purchaser further extends the Offer pursuant to the terms of the Merger Agreement. The depositary for the Offer has advised Parent that, as of one minute after 11:59 p.m., New York City time, on March 28, 2022, approximately 1,803,547 Shares had been validly tendered into and not validly withdrawn pursuant to the Offer, **representing approximately 0.6% of the outstanding Shares**.” + +Now I’m not an M&A expert, however this seems **BIG** and **very favorable** for our OTM calls and/or shares. + +Lastly, Laughing Water Capital (an institutional investor opposed to the $21 tender) has a twitter thread with someone who has claimed that Veritas directly called them and other shareholders asking them to tender their shares. I cannot verify if this is true or not, however if this is true then that is another major bullish indicator. This proves that Veritas is scared the deal won’t go through. [Laughing Water Twitter](https://twitter.com/LaughingH20Cap/status/1507462302794199041?cxt=HHwWgsC55ce-yuspAAAA) + +We must realize that not Tendering will put Veritas in a position to make a fair offer on 2021 ACTUAL EBITDA rather than the 2021 Estimates, since actuals were 37% higher than the estimates used in the $21 a share valuation or they can back out of this deal. Either of these options will be in the best interest of the shareholders (based on the SEC valuation filing in previous posts). We retailers must do our part in not tendering the shares since this will cost Veritas hundreds of millions extra to get a deal done, and that money flows directly to our pockets. + +**TLDR**; Keep price above $21, do NOT Tender, only 0.6% of the necessary 50% shares have been tendered, buy OTM $22.50 calls in hopes the offer is increased, buy shares @ $21 or lower + +Side note: If anyone has any additional information please share, and does anyone have specific information on the process institutions take in tendering shares? Do they typically wait till the very last day to decide on tendering, or do they elect to tender several days before the deadline as there was only 0.6% tendered 72 hours prior to the original deadline? +I worked at a fast food place for 2 weeks last year while waiting to start another job. They paid weekly but the first check had to be live and was mailed to the store and placed in a safe for the store manager to distribute. I quit before my 1st check arrived to the store. Over the next couple months I tried to call the store manager about picking up my check multiple times. Either the manager wasn't there or he was there and I was placed on hold for 45-60+ minutes, at which point I'd just hang up. I tried reaching out to the regional trainer via email and was told to contact the store manager, there was nothing he could do. The check was for such a small amount, $70, that I decided to forget about it thinking there was a minimum threshold for filing a lost wages claim. There is NO MINIMUM! + +Long story short, I ended up filing a claim with my state and within 3 weeks I had a new check in my mailbox from the store's corporate office. A few months later and the state has ruled that I'm entitled to an additional $1100 payment based on the amount of time I had to wait to be paid. They've offered the employer a 50% discount if they pay me within 14 days, which they are. So a $70 check that a crappy manager wouldn't let me come pick up has turned into a $620 payment. Now I'm thinking about all the other lost wages I let slide because it was only for $X amount at a minimum wage job. + +Don't be like old me. File for what's rightfully yours. You worked for it, you deserve payment. +Hey /r/personalfinance! + +Its a little long down there sooooo lets start with the readers digest version...Also throwaway account because finance talk ;) + +**TLDR:** In 4 1/2 years I went from being 20k in debt to [surpassing 100k net worth](http://imgur.com/aRQi970) thanks to /r/personalfinance by: + +1. Increasing my income from $0 to $100k per year without increasing lifestyle/expenses +2. Living well below my means +3. Eliminating Debt +4. Not taking on new debt +5. Saving and Investing in Retirement +6. Being proactive and positive in my career + +I cannot believe I actually hit 100k net worth today...its seriously surreal. Words can't describe how grateful I am... both for the financial security I have today and the help /r/personalfinance has given me along the way. Without you guys I have no idea where I would be. I had zero financial knowledge before... like nothing. + +In the past 4 1/2 years the financial advice and expertise you've provided has opened my eyes to a future I couldn't have dreamed of before. I wanted to share my success and offer my story/help to anyone else struggling financially this year. I promise things can and will get better with patience, a little perseverance and of course hard work :) + +**My Life Before PF (2011)** + +In the interest of keeping things clear and concise... i'll just give you the key bullet points. + +* $20k of Debt (Student Loans - BA in Sociology) +* Unemployed (Lost Social Work Job during the recession) +* Credit score - Around 350-450? (BoA would not give secured CC to me) +* Broke and on food stamps +* Only income was selling T-shirts on the street + +**Moment of Revelation** + +The moment that pushed me to take control of my financial destiny was being denied a secured line of credit and needing to sell my favorite surfboard for rent on the same day. I had never had a credit card before, knew nothing of credit scores and didn't understand why I was denied. I also had no money in the bank and $20 in food stamps for a week of food. + +I realized I needed to understand the financial forces in the world to live the life I dreamed of having. I also realized that those forces were already working against me. If I didn't learn to make them work for me I realized I would be destined to a life of insecurity, doubt and fear at every unexpected expense. + +I was 27 years old. + +**Creating a Plan** + +1. I started reading and learning as much as I could about personal finance, credit, loans, debt, etc. +2. I discovered /r/personalfinance and immediately posted about my financial situation and asked for advice. +3. Based on that advice I did the following: + * Decided to transition careers and started applying for internships and entry level positions in new fields. + * Requested my free credit report and created a game plan to tackle outstanding debt/negative marks + * Organized student loans according to interest rate and created a plan to aggressively highest interest loans and work my way down. + * Once I had steady income, resolved to establish an Emergency Fund that would give me a 3-month cushion should I lose my job. + * When all of the above was completed...start saving for retirement and building credit + +**Step #1**:***Increase Income and Career Potential*** + +Increasing my income potential and career prospects longterm were of utmost importance to get my finances under control. As such, **I resolved to start from the bottom and work tirelessly develop my skill set.** No matter how much pride/sacrifice it might take... I decided I would find and excel at a new career. I jumped right in and... + +* Identified my transferable skills and polished my resume +* Decided that I wanted to work with startups/companies developing exciting new technology +* Immediately started applying and interviews. +* NO JOB WAS ABOVE OR BELOW ME...If it seemed interesting and like I had even a few relevant skills I would apply. +* This process was essential in refining my personal pitch and honing in on the positions/areas that interested me the most. +* Not to mention all of the phone interviews/in-person interviews we invaluable training for future job searches + +After a few weeks I was offered an internship and a great company for 20-hours a week at $10 an hour. All of the other interns were still in college, most couldn't even drink and despite feeling like an OLD ASS MAN at 27... I knew this was a great opportunity and jumped at the offer. + +**Step #2** : ***Work Hard, Move Up*** + +From the interview my internship it was explicitly stated that no interns would be hired. I decided my new goal would be to change their minds. My performance would convince them to keep me around. **SO I PROCEEDED TO WORK MY ASS OFF!** By the end of the internship: + +* I'd learned more than I could have imagined +* I had two full-time offers on the table from companies I'd applied to over the internship +* When I told my intern supervisor, he said "Do not accept another offer... we want you here." +* The next day I signed an offer letter at the company I interned with starting at $50k a year. + +IMPORTANT NOTE: + +I've continued working with the same zeal and dedication. As a result, I've been promoted several times and my salary has increased from 50k a year to 100k a year. I believe a strong work ethic can make anything a reality. + +**Step #3** : ***DONT LET MONEY CHANGE YOUR LIFESTYLE. LIVE BELOW YOUR MEANS*** + +My new salary allowed me to immediately start saving and tackling debt...BUT ONLY BECAUSE I DIDNT SPEND THAT MONEY ELSEWHERE. If I was living on food stamps before... I should be able to keep my expenses low right? + +I continued to live well below my means and put all of my extra money into paying down debt, then saving. **This meant no new cars, no new debt, and no frivolous spending sprees.** I had to keep my eye on the prize even if I wasn't under such intense financial pressure. + +Within 1-year I had: + +* Paid off ALL OF MY STUDENT LOANS + +* Increased my credit score by over 100 points + +* Established an emergency fund of $1000 + +* Begun utilizing my companies 401k match + +* Promoted and given a pay raise + +**Other Essentials** +1. I have found that YOU HAVE TO BE PROACTIVE to increase your income, salary and position. + * I initiate salary reviews on a yearly basis with my superiors + * Jump at the opportunity to take on new responsibilities + * Being proactive doesn't mean forcing you're way on others + * I always look for the right and appropriate moments to further my career goals while remaining teachable + * I NEVER FORGET THAT EVERYONE IS REPLACEABLE and work hard to be an asset to my company + +2. Pay CC off in full every month and don't take on new debt + * If I want a car... I buy used and wait until I have the cash on hand + * Same goes for any consumer product + +3. I now MAX OUT ALL RETIREMENT ACCOUNTS THAT I CAN + * 401k + * ROTH IRA + +4. I maintain a liquid emergency fund that will cover EVERYTHING AT MY CURRENT LEVEL OF EXPENDITURE for 6-months + * I dont touch it + +There is so, so much more I could add... so if you have any questions at all please ask away... I love helping people with this stuff since it the advice I was freely given here literally changed my life. Anyone can do it! I swear! + +Last but not least... THANK YOU ALL AGAIN. If it wasn't for /r/personalfinance I'd still be lost in life! + +EDIT: WOW..the skeptics are strong... I didn't immediately respond to comments with questions because i posted this at 2am... then went to bed. I am going to go through today after work and respond to everyones questions one by one.... even if it takes me till 4am. + +EDIT #2: I did not win the lotto or inherit any money + +EDIT #3: Job progression and salary information ... + +* Assistant Community Manager: $50,000 K +* Community Manager: $66,000 K +* Operations Manager: $80,000 K +* Head of Operations $100,000 K + +NEW YEARS EVE EDIT #4: +I just realized its new years eve so I just wanted to let you all know that I plan on hammering through comments tomorrow afternoon/evening... I have not forgotten about you. You all are my first priority for the new year. + +I get saving for retirement is important. I get that super offers tax benefits. But what about setting yourself up for when you’re not too old to actually do things in life? And heck - even set yourself up for retirement with the wealth you’re able to generate as a result of investing outside of super? Im young(ish) and want to be able to set myself up for when I’m 45, not 75! Who knows, I could be dead by the time I hit 65. Interested to get perspectives here. +I’ve just finished paying off a $3000 latitude finance card - a huge deal for me. + +It’s taken me 3 days to try and close this thing. It can’t be done online so I have to ring during business hours when I’m at work. Fine. Except when I call I get cut off, or “the department is not available or closed”, or the wait time was too long and I had to hang up. + +I will keep persisting no doubt but i can see how easy it is to leave these things open when no one wants to help you close the thing. + + +[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!* +I’ve put this off for too long. +I thought this gang might have good advice on how to find a good lawyer for a will. + +Some details: +- Live in large metro area +- Married +- stocks, company stock options, retirement portfolios, house plus rental property. + +I don’t think this should be that complicated but how do I make sure I pick the “right” lawyer? My company offers a benefit with a directory of lawyers I can use for free. It has hundreds of lawyers near me. I don’t know the best strategy to filter them. +Perhaps the individuals reading this post should be wary of suggestions that "losing credibility" is important to this subreddit as though this subreddit was representative of some centralized organization that operated on reputation rather than what it actually is - a bunch of individual investors hypothesizing about a particular investment they happen to share. Or perhaps not. That's up to their individual thoughts. + +Perhaps if what you're used to is centralized authority that leverages wealth into greater authority and authority into greater wealth, it's difficult to comprehend that reputation is not the be-all and end-all of everything. That's okay, understandable, even - but it's also not the way a broad, decentralized group of individuals who happen to agree with something operates. + +And perhaps in that bias, the leaders of some of those centralized organizations might think sowing ideas that there is some form of looming credibility damage of a group that very pointedly dislikes claims of "correctness through credentials" will itself facilitate damaged credibility and thus dismissal of that group of individuals by other individuals outside that group. If so, this particular individual finds those efforts... amusing. + +By all means, continue to attack the credibility of a forum calling itself "Superstonk" that openly celebrates eating entire jars of mayonnaise and shoving bananas up asses, as if it was something any of these people were trying to put on their CVs. Credibility isn't the point, correctness is. The former does not imply the latter - it only implies how strongly the reader believes they can dismiss the latter by only paying attention to the former. +Hi, I'm new (ish) to investing. + +Of the two, which would you choose : + +1) A mutual fund touted as "aggressive growth". + +OR + +2) Purchasing a riskier ETF such as ARKK or BTCC? + +Planning to go long, say 15-20 years. + +ARKK has had great year so far but will the momentum die? + +BTCC is pretty speculative, but bitcoin seems to be on a tear lately. + +So my (maybe not so rational question) is: What sounds better? Purchase mutual funds and forget about it for the next 15-20 years OR Trade ETFs that are on the riskier side of the scale for the next 15-20 years. + +Are there any other good ETFs that are in same category (innovation / high growth) as those listed above that you can recommend? + +Thanks you and sorry if I'm not making much sense. I'm the lay-man but learning ! +# [COMPUTERSHARE AND VOTING MEGATHREAD](https://www.reddit.com/r/Superstonk/comments/ue6jm0/computershare_voting_megathreads/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +https://preview.redd.it/hkpn16pri8291.jpg?width=1000&format=pjpg&auto=webp&s=5a476dc937045eeac563b3f0de9d27c221a5d6a8 + +Thank you to everyone for your submissions. [As discussed previously in the last post](https://www.reddit.com/r/Superstonk/comments/uq8i2j/new_banner_who_dis_banner_submission_contest/) we took the top 10 submissions and the 2 rplace banner ideas and combined them into two brackets for a total of 12 choices. Please find links to both brackets below and choose your favorite 1 out of the 6 choices on each. We will leave this semifinal post up during the weekend with the final vote taking place on Monday as the market will still be closed. This way we will begin the week and go right into the annual meeting with a fresh banner. + +The winners of each bracket will be contacted and I will be requesting your original PSD files for easier formatting on the variety of versions required for mobile and such. Long live the crayon, you shall be remembered. + +\-------------------------------------------------------------------------------------------------------- + +&#x200B; + +[Bracket 1](https://preview.redd.it/uul9f6nvl8291.jpg?width=804&format=pjpg&auto=webp&s=6ab0545def9dd4fe735a71ab12b2a4698cd5b7b5) + +# [Bracket 1 Poll](https://www.reddit.com/r/Superstonk/comments/uzpmjd/banner_contest_bracket_1_poll_dont_upvote_just/) CLICK HERE TO VOTE + +\-------------------------------------------------------------------------------------------------------- + +[Bracket 2](https://preview.redd.it/e5zmei62l8291.jpg?width=804&format=pjpg&auto=webp&s=72d7d7e1693263a955d1a1ec9f63bd0c95c53b70) + +# [Bracket 2 Poll](https://new.reddit.com/r/Superstonk/comments/uzpn58/banner_contest_bracket_2_poll_dont_upvote_just/) CLICK HERE TO VOTE + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [COMPUTERSHARE AND VOTING MEGATHREAD](https://www.reddit.com/r/Superstonk/comments/ue6jm0/computershare_voting_megathreads/) +Whether you're selling puts or covered calls. Today's rally should help you understand that whether you're a bull or a bear, that ultimately, you're still on team thetagang, and one edge that the gang has over everyone else is time decay. + +The last few days action is merely a mean reversal and based upon statistics of probability. Is overall sentiment changed? No, but it will still revert back to the mean. That's all, you should be happy that time decay is working for you. + +Anybody that's fearmongering in either direction is either over leveraged, too bullish/bearish, or playing too short a duration. Please be wary of what you read as Thetagang new members are coming from WSB and the like and they still have the mindset of those subs. +I am running the wheel on a couple stocks that I think are long term holders. I’m noticing that once i get assigned the stock and sell the covered calls I get wistful thinking of all the good times we could have together and rooting against the stock to my own detriment. Anyone else a moron like me? +Realistically, how risky is selling 30dte credit spreads on GME way OTM, like 15 delta. It's been trading sideways for a few months and I'm wondering why market catalysts seemingly don't affect it while the IV is like 100+. Should rate hikes be demolishing this shit? Or is WSB bagholding for life? + +Alternatively, the premium is juicy for 30 delta, $100 credit on $350 blowout risk for Dec 16th at 22.5p/19p + +Talk me out of it +thats not 0.95 x100 folks, that's $95 per contract + +help me understand this. thats a breakeven of 1,045 that would give it a market cap based valuation on par with Fed Ex, TJX or Dell +Let's say you have sold a weekly put on Monday and by Friday afternoon it's earned 70% of the potential profit with only 2.5 hours to close. At close, you'll get the remaining 30%. + +(Edit: I made 10 cents per share on the sale. It's trading at 3 cents now.) + +Do you ever buy back a weekly right before the Friday close and immediately sell a put for next Friday in order to take advantage of the extra days till close? Does the profit from those extra days make up for part of the profit you lose on the first sale? +>Coca-Cola is finally venturing into alcoholic drinks, after more than a century of creating carbonated drinks free of alcohol. + + +>Coca-Cola has created an alcopop drink called Chu-Hi — a mixture of distilled shochu alcohol and flavored carbonated water — and will be launched exclusively in Japan. No timeline was specified for the launch of the product, the Telegraph reported. + + +>“This is a canned drink that includes alcohol; traditionally, it is made with a distilled beverage called shochu and sparkling water, plus some flavoring. We haven’t experimented in the low alcohol category before, but it’s an example of how we continue to explore opportunities outside our core areas,” Jorge Garduño, Coca-Cola's Japan president said. + + +>The product is not expected to be sold globally and is supposed to remain exclusive to Japan due to the “unique and special” qualities of the nation’s market. However, with an array of similarly alcoholic beverages — ranging in flavors from kiwi to yuzu — already popular in the Japanese market, Coca-Cola’s Chu-Hi has quite a competitive road ahead of it. + + +[International Business Times](http://www.ibtimes.com/coca-cola-launching-chu-hi-its-first-alcoholic-drink-130-years-japan-2660526) +My wife and I work full time and a nanny watched our young daughter a few days a week. As of a few weeks ago, we asked her to stop coming and told her we would continue to pay while we got a sense of what the future was looking like. We cannot make any exception to this because we have family in the "at-risk" category for this virus. + +Fast forward to today, it is pretty clear we won't be having her back in the foreseeable future. My wife and I are learning towards laying her off since she should be able to collect more from the government than she would have been paid by us anyways. + +Has anyone else had a similar situation? How did you handle it? Is it ethical to make this decision? + +edit: To clarify, the stimulus bill will include $600/week on top of unemployment benefits, which combined should total more than she was making by working for us anyways. + +Appreciate the replies! +Was searching through the forum to get more info on bonds and saw my post \[[https://www.reddit.com/r/fatFIRE/comments/nf89gg/stock\_vs\_bonds\_ratio\_when\_in\_fatfire\_territory/](https://www.reddit.com/r/fatFIRE/comments/nf89gg/stock_vs_bonds_ratio_when_in_fatfire_territory/)\]. Figured I would add an update as there have been some updates and I have learned more. + +TL;DR - Should you keep adding to bonds to maintain AA when you get to a certain level? + +Current NW: 7.5M + 1.1M house (paid off) @ 81/19 (Will be 8M EOY with RSU payouts) + +**Decided to no longer add to bonds**, as the \~1.5M in bonds is 175k before tax, 14k/m after tax for 8 years. If I supplement with the dividend/bond income I could go 10 years. + +When I retire in 2-3 years: + +\~14k a month to live on + \~5k/mo from dividends + 2k from tax free bond income for 5-8 years to let equity grow (will actually go below 14k as the dividends and bond income will offset) + +Will convert 40k a year from 401k (that will be moved to IRA) to a Roth IRA and pay 12% tax. + +&#x200B; + +For the next 2-3 years, will just add to equities and thinking about crypto to get some diversification. + +This journey is a fun one! +I am in the process of moving to a new city/country. London to be precise. + +We are moving as a couple, and have hired a third party manager to handle all household related issues, fix staff, etc as well as decorators to have our new place furnished and to our liking in advance. + +I think building a local network also helps, so I am considering joining a few associations and maybe taking some courses (once covid allows live teaching). + +I am wondering, if money is no object, what would you do to make your settling in easier? Any creative ideas? +Does anyone here have experience with applying for Portugal's Golden Visa program? Where did you go for advice and support? + +I'm looking to apply via capital investment (not the standard real estate route) so need some sound financial advice. I've been in touch with a Big 4 firm that can handle the legals, application and provide tax advice but not assist with the investment selection directly. There are options ranging from parking €1m in a Portuguese bank for 5 years to putting 350k in a PE fund with varying levels of risk. My NW is high enough (c. $40m) that I can carry any loss on that amount but would obviously prefer not to. + +There are a lot of "Golden Visa" speciality firms advertising online but I'm sure many are just fronts to push particular investment vehicles. + +Anyone else been through this process? Who did you speak to for advice? I have a stock portfolio with Fidelity but not sure their advisors are equipped to help with these kinds of questions. +Hello. My mother is in a tough spot. She's currently 61 living in Pennsylvania. She had a long time boyfriend who paid for everything. They never got married and he never put much money away for her. His family basically screwed her out of anything and refused to help her when he died despite them being together for 25 years. My mom worked most of her life under the table. She can quality for social security at 62, but she'll get a measly $200 a month. She also hasn't worked in 10 years, has 0 skills relative to the modern workforce, can barely work a flip phone yet alone a computer or a smart phone. I did get her a job as a bagger at a grocery store, but that doesn't pay the bills. She's barely mobile, but she hasn't been able to get on disability because she's just mobile enough I guess. + +I'm her only family member alive, and I don't live with her and I'm dealing with my own financial crisis trying to live on my own in a different state. I refuse to live with her, whether it is me moving back or her moving to where I am. I wouldn't be able to afford taking care of 2 people regardless, so it would just be delaying the inevitable. I'm basically a loser myself. + +I need some advice on how to help her be either financially independent, or a reasonable way to get her financial aide. She tried to go through social workers in her city, but because she was never married and she's not old enough, there isn't much she qualifies for. She also has just enough money in the bank where welfare won't qualify her for anything. + +The only possible saving grace here is she has a house, though there's still a mortgage on it. She could sell it, maybe bank $50-80k. She'd need something really cheap to live off of that for awhile as she'll never make enough money to break even financially, or come close. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + +There is something extremely divisive going on in this sub and it needs to be addressed. Over the past month there has been a SEVERE uptick in other tickers mentioned in this sub, specifically moviestock. This is what I’ve been noticing, and I don’t think I’m the only one. + +It started with just screenshots being posted that contained “Moviestock” mentions specifically some vague news along with repeated mentions of GME and “Moviestock” together. These FUDshots came as a trickle at first but the tap has been slowly turning to full blast. Back in early July these things were getting called out by watchful apes, it’s now almost impossible due to the sheer volume. I’ve been seeing posts with DD information that solely pertains to GME with #moviestock on it and ALWAYS BEFORE ANY MENTION OF GAMESTOP. This is some sneaky ass FUD. + +THIS IS A GAMESTOP ONLY SUB. MOVIESTOCK DOES NOT BELONG HERE + +These “FUDshots” have became more and more prevelant to the point where the “Ape no fight Ape” narrative has now returned. Now I’m seeing posts about partnerships between the companies with all kind of support. + +THIS IS NOT THE WAY + +There is ONE stonk that is debt free, has an aggregous short position against it, has a low float, and is on a massive turnaround. + + +IVE BEEN HERE QUITE A WHILE NOW. Moviestock was only mentioned on WallSkeetMets until AFTER GameStop started rocketing. In fact the most credible evidence “Moviestock” has going for it as a MOASS candidate is its identical price movement. + +Now let’s get hypothetical for a sec. + +If I’m an institution getting railed by the internet because of an obscene, impossible to cover short position, what’s the first thing you’d want to do? +Convince as many investors to not invest in that stock. Media manipulation just isn’t enough in this situation. Convincing investors that a different, cheaper stock has MOASS potential has proven QUITE SUCCESSFUL. + +This sub knows that the price is constantly wrong and being manipulated every damn day. Would it not benefit these SHF and short Institutions to manipulate the price of a second stock to match the price movement of the one true MOASS stonk??? Pair this with the passion of the REAL investors they’ve duped onto fabricated hype trains and an endless supply of YouTube “influencers” that exclusively shill “Moviestock” and you’ve got the perfect way to funnel as much retail cash away from the one true MOASS stonk. + +Moviestock investors, +I really don’t enjoy shitting on you like this. I just really believe we’re alll getting played HARD by these institutions. I love your company, in fact I saw two movies at a Moviestock they’re this weekend and enjoyed myself immensely. That doesn’t change the fact that there is only one final short squeeze, one short squeeze to end short squeezes, ONE MOASS. + +If I haven’t tickled your suspicion nerve that’s fine, I’ll leave you with one final statement. + +THIS IS A GAMESTOP ONLY SUB. FUCK OFF WITH ANYTHING AND EVERYTHING THAT ISN’T GAMESTOP. + +This is a hill this Knight is prepared to die on and I hope I’m not the only one. + +Edit: formatting +Came across this [article](https://www.nytimes.com/2018/02/09/business/etf-index-funds-market.html?rref=collection%2Fsectioncollection%2Fbusiness) in the New York Times this morning and thought it was interesting. + +Some points from the article: + +> "This week, as markets shuddered, exchange-traded index funds were responsible for 38 percent of total stock trading on some days, an astonishing figure given that these funds were just a curiosity 10 years ago. + + +>"As the flows have grown in volume, much of these funds have gone toward index heavyweights like Amazon, Apple and Facebook, pushing their valuations ever higher. This makes some regulators, academics and investors nervous. What happens, they ask, when passive investors own 80 percent of stocks as opposed to the 40 percent they control today?" + +> "Active fund managers — human stock pickers — will be marginalized, the argument goes. And that could cause harm, because they are the ones who buy when others sell. So when stocks suddenly plummet, there will be fewer funds to step in, extending the fall." + +I know that the folks of /r/investing are advocates of passive investing (I am one of them), so I'm interested in hearing your thoughts. +I absolutely love seeing the big numbers, but it takes some courage to believe that you, the little guy, are making a difference. + +We are all making a difference. None of us could do this alone and no whale dare try to do this alone. Keep those posts coming. You’re smaller shares do matter and they are exactly what’s going to take us to another galaxy 🦍🚀🌌. + +Obligatory edit: there is no “in this together”, but there is “we like the stock”. +Market trades are halted once again after S&P falls another 7% amid Trump banning travel to European countries for 30 days. + +EDIT: Travel is only banned for foreign citizens. Americans who have been screened before entry are good. +Apple is currently on day two of its WorldWide Development Conference. + +They’ve announced some relatively significant changes to the iPhone and had a really successful year in 2020, blowing their projections out of the water. + +What should we expect for this stock over the next year? Financially, Apple has had an incredible year but the stock price has been pretty stagnant since the stock split. + +What gives? +Mid December I started to sell CCs expiring 1/15/21 and I set the strike prices thinking it would be extremely unlikely for any of these to hit. However, all of the following have exceeded their strike price and were assigned: + + + +GME $22.50c, was initially priced around $15.5 a share + +JPM $129c, was priced $121 a share + +ALLY $38c, was priced just over $34 a share + +MTDR $12.50c was priced $11.93 + +XOM $44.50c, was priced around $41 + + + + +These were all stocks that I would have liked to hold on to a little longer, but I made money on these transactions so I can't complain too much. I will now switch to cash secured puts on the same stocks. Still, is there something fundamental that I'm not understanding or was this just a crazy month? I never would have figured that all of these could go up 10% within 3 weeks. + + +Edited for clarification. +Edit 2: I made a lot of money, just wanted to see if there were tips to make more money in the future. I've already sold CSPs on everything other than MTDR (getting out of oil storage.) +Hi, + +Apologies if this is the wrong sub. Please re-direct me if it I'm posting in the wrong place. + +Anyway, I saw [this post](https://www.reddit.com/r/LifeProTips/comments/6ihcog/lpt_dont_buy_a_new_car_ever_as_a_former_cpf_the/) on r/LifeProTips about how it is a better financial decision to buy a used car rather than a new one. And that got me wondering if it is applicable in India as well. + +I am especially curious about the part where OP says that a used car has reached terminal depreciation and will only take a 5-10% hit on resale, whereas a new car will take 20-30%. Is that true in the Indian scenario as well? + +Thanks for your responses. +Saurabh Mukherjea's wrote in his latest blog that Nifty Index is not covering the Indian economy effectively. + +Can somebody please EL5 on what does it mean in general? Does it impact the index investors? + +http://marcellus.in/blogs/marcellus-the-nifty-is-no-longer-a-play-on-the-indian-economy/ +I have carefully choose around 50 companies and bought direct stocks worth of 4 lakhs on Zerodha. Method of my selection used to be some news first, then tickertap and moneycontrol check of its revenues, PE etc. My stocks are 50% large cap, 25% small cap, 25% mid cap. + +I also invested 10 lakhs in 4 different types of index funds (Nifty 50, Nifty next 50, Midcap 150, and PPFCF) + +Now my issue is as market is going down, I see that my faith on my own direct stock buying is shackling. I don’t know if I should exit from all direct stocks and put all that money in Index. +So far my stocks are still 1% positive, but I am not sure if I have bought them at right price earlier. +The air strikes on Saudi Arabia's largest oil field has caused production to be cut in half. + +Which leads me to believe that the price of oil will go up and consequently put pressure on Indian forex reserves and investor sentiment. +Earlier Kuvera SIP processing and fund allotment used to take T+1 days (in general). Since June 1st, I see that mutual fund allotment is happening on the same day as SIP fund deduction from the bank (one of the Nodal banks). + +Is this a permanent change? Was there any change implemented at Clearing Corp/NPCI ACH? +I had applied for the Paytm IPO from my broker RKSV Securities India Pvt. Ltd. (Upstox). + +But I never received the 'Bid Details of IPO' email from BSE which contains the BID ID and application number. + +Therefore I am not able to check the application status of the IPO on the BSE [website](https://www.bseindia.com/investors/appli_check.aspx) + +The application number shown in Upstox is some alphanumeric code like 17r53bb9337475g + +This is not accepted on the BSE website. + +I enquired with 2 others who use Upstox and none of them got a valid application number or a bid confirmation email from the exchange as well. + +I tried applying for 2 IPOs from my second broker Fyers, and I instantly got the numerical 7 digit application number from Fyers and also a confirmation email from BSE from [bse.ibbs@bseindia.in](mailto:bse.ibbs@bseindia.in) with my bid details. I was also able to check the status successfully on the BSE IPO website. + +This makes me question if Upstox is actually placing a customer's bid or not. I have successfully completed the UPI mandate and Upstox support claims that the bid was successful! + +How is your experience? Have you ever received an email from [bse.ibbs@bseindia.in](mailto:bse.ibbs@bseindia.in) after you have placed a bid for an IPO? + +After reading a lot of user reviews for Upstox recently, I would not be surprised if it turns out that they were not filing my IPO applications all this while. +It's been a whirlwind start to October, and the 5th was my last day on the job. I get a severance and was escorted out of the building. Nearly the entire department got laid off (14/18 members) So just lost out on my $120,000 salary.... :( + +While it was a shock at first, I'm not worried that much anymore. We were only 1.5 years away from our FIRE goal, so I can make do with being done working a bit earlier. We have on debt, not even a mortgage and 2 rental properties. + +Here's our financials for those that are curious (combined between my wife (43) and I (44). + +401k: $374k + +403b(from my wife's past job at school): $22k + +Savings/Checking: $25k (extra $15k for our 401k top-off) + +Roth IRAs: $285k + +Vanguard balance: $714k + +Duplex: $210k (monthly income: $2,900) + +Triplex: $180k (monthly income: $2,700) + +Our Home: $250k + +Total Liquid Assets: ~$1.4 million + +Total Assets: ~$2.1 million + +Current Income w/o my job: $9,400 ($5,600 rent + $3,800 wife salary) + + +Our expenses are right around $4,250/mo; but I think I'll be trimming that down to about $3,300 right now. Goal is to be able to top off our tax-advantage accounts for this year, but I might just hang onto the $15,000. + + +I think I'm going to dilute my risk and get out of equities for now and move into fixed income stuff. If on my $1 million even, I can get about 4% return; that's $40,000 combined with even $5,000/mo after repairs, I'd be at $100,000/yr income with my wife retired as well. + +We can keep our expenses under $4,000/mo; so $50,000/year. if the gross $100,000/yr; our net income will be around $75,000-$80,000. + +So it looks like it's time for me to FIRE. I'm still not sure exactly what my severance will be. I'm expecting $20,000-$25,000; but who knows... I will find out Monday. Anyone been in this situation where FIRE was forced on them? + + +So my parents house took on 6ft of water during Hurricane Harvey. The damages were estimated at $30,000+. We have flood insurance through Allstate. We had flooding in 2008 from Hurricane Ike, about the same amount, and received a $6,000 pay out. In the time between after Hurricane Ike and now, we’ve done considerable remodels and additions to the house that made the damages cost way more from Hurricane Harvey. Allstate’s reason for only giving us $136 is because the water didn’t reach our second floor, and won’t give a reason as to why our payout was so much more from Hurricane Ike. We applied for FEMA aid and were denied because we have flood insurance, but $136 is basically nothing. We have 60 days to reapply/contest FEMA’s decision. + +We are willing to get a lawyer but my mom is worried the cost of paying the lawyer will be greater than what we would be able to get from either FEMA or Allstate. Does anyone know what direction we should take from here? + +Also my parents are immigrants with limited English/technology skills, so communication with the parties involved has been through me primarily, a college student with probably only a little more knowledge on insurance as my parents. Any advice will help. Thanks in advance. +I’ll preface this with Im not looking for handouts or advice I just need to get this out here so people can be a little bit more forgiving and compassionate to their fellow man. Some people are just going through some heavy shit. + +I’m a single dad of 3 with full custody and limited support from their mother. They are only ever with me and I have no support from anyone else either. I live in a town that has no public transportation and limited work opportunities. My car died in august as well. + +My 8 year old daughter has a UTI. Wouldn’t normally be a big deal but her doctor recently left the practice and no one else there takes our insurance. In the last 3 months we have been hit by COVID, stomach bugs and snow days. This has forced me to call out more than is ok. + +It started two days ago. I did the 24 hour wait and see and things appeared to be getting better so I thought it would take care of itself (this is something that had been discussed/agreed with her school nurse) + +Today she woke up with a new symptom so it was decided I would take her to be seen. Given that it was just a UTI I figured a minute clinic/urgent care would suffice. Called work to see if I could bring her in while I worked and they agreed. They were kind enough to block off my schedule that wasn’t already booked (massage therapist). This gave me a few hours. I could get her seen, get to work, grocery shop and home by the time my boys (other 2 children) got home from Afterschool. + +Put the boys on the bus, walked the dog, ordered a taxi and headed to a minute clinic in my town. Minute clinic wouldn’t see her because of her age. No big deal, called an Uber and headed to an urgent care next to work. Urgent care didn’t accept my insurance but recommended another urgent care 2 towns over. Called an Uber and headed to work. It was a slow day and I only had one client so I set my daughter up in the break room, saw my client (90 minutes) cleaned up and called an Uber to go to the next clinic. Got to the clinic and they too didn’t accept my insurance. They advised me to go to an emergency room. So, here I am in another Uber heading to the emergency room in my town to have my daughter seen. + +I’m not devastated or losing my mind but I am stressed. Before I became a single father I had a 6 figure one man massage therapy studio and was at the height of my success. I had everything I needed. When I became a single dad I lost it all. It was impossible to continue and I was in a worse position. I was able to scrape by and get myself in a better position and then the pandemic hit and wiped away everything I had accomplished. I’m at my rock bottom. At this point it’s survival mode and desperation. My employer is unhappy with the call outs and there really isn’t anything I can do about it. Today has cost me around $100 in traveling fees. Because of the divorce I can not qualify to buy a car so I spend maybe 5xs the amount on Uber. This will make it so I never get ahead. + +I’m smart and capable so if an opportunity presents itself I will go for it but at this time I’m stuck. I appreciate you reading this. If you can take any message away from this please be compassionate to people. So many people are going through similar circumstances where it seems like the universe hates them. They could be moments away from complete collapse. Be the gentle person who gives them a little hope. + +Update: it’s not a UTI. We will have to wait a few days to find out if it’s an infection or something more serious. To everyone offering advice about UTIs and not going to the doctors please be careful with your advice. I know I stated I thought it was a UTI given the symptoms but it’s always important to get things checked out. Hence, why I made such an effort to have her seen today. + +To everyone offering words of encouragement, compliments and general kindness.. I thank you. I won’t lie and say I’m not scared now but fearing the unknown will not do me or my children any service so I guess I’ll just wait and see. I hope nothing but good things for you all. +Everyone knows the market is rigged, but I think I've figured out a way to beat it. + + +First off, you need to change your career. If you're fortunate enough to not be living off chicken tendies in your mom's basement, you are either gainfully employed, +or have some crappy job in retail. Either way you need to adjust your shit. For the former, you will have to downgrade your career, and for the later you are probably SOL either way so maybe stop reading now. + + +Now you need to become a teacher. But not just any teacher. You need to get into a nice Manhattan private school at around grades 5 through 8. Now once you're teaching these little +rich shits Social Studies or what have you, you introduce the "stock market" game. We've all heard of it or done it when we were kids in school. You give the kids paper trading accounts, and whoever has the most money after a few months, wins. + + +Now the catch is that all these little fuckers have hedge fund mommy and daddys that will be giving them sick stock tips so they win the candy jar at the end of the game. Now you take these stock tips from your students and fully leverage that shit on options with your measly teaching salary. + +And that is how you beat the market. +Also, everyone is crying "but BTC cant be a currency its too volatile" so why don't we make a plugin for payments where the price of a product is defined in USD and it's BTC price keeps floating? As soon as I make a purchase the payment platform sells the BTC and send USD to the merchant. If the merchant wants BTC he can select that option ("do not convert BTC to USD") on his platform configuration. + +So we have lightning fast transactions and a payment system that ignores volatility. Now we need a Charlie Lee to come over and code the shit out of that. Any Charlie Lee's around here? Where the fuck is Mr. Nakamoto when we need him the most? +My husband is quitting his job tomorrow. There’s nothing I can do about it. I get it, it’s killing him. He’s having anxiety attacks and chest pains, the phone never stops ringing, he can *never* take a day off without soul crushing reminders about what he’s neglecting while he’s away. +He makes about 110k a year, I work part time for 15 an hour about 15-20 hrs a week. We have two kids. A mortgage, a second home we make about 200 a month on (we couldn’t sell it so we’re renting it out) two car payments, plus the regular bullshit bills that come with a home and a family. He plans to liquidate his 401k because we don’t have much in savings. I am terrified and I could use some advice on dealing with the fallout. +Just looked over the accounts and I think I have hit a tipping point. Like appreciation outpacing contributions. No doubt everyone has had a good year so far. Sure, we’re all going to get wiped out by the recession next week. Feeling good for now though! +[https://www.reuters.com/article/roblox-ipo/update-1-roblox-ipo-filing-shows-revenue-surge-as-gaming-thrives-during-pandemic-idUSL4N2I54D2](https://www.reuters.com/article/roblox-ipo/update-1-roblox-ipo-filing-shows-revenue-surge-as-gaming-thrives-during-pandemic-idUSL4N2I54D2) + +Place holding their valuation at 1 billion, they plan to trade under RBLX. Latest valuation estimates had them at 4 billion, and they think that can double when they go public. This is one to watch out for. +TLDR: HR sent me a contract stating I was salaried with flexible time off. Now are saying I’m hourly with accruing time off. They acknowledge it was their paperwork error. Meeting VP to discuss further tomorrow, need advice. + + +Sorry if this isn’t the right place to post this, I need finance advice, but it’s mostly jobs related. If there’s somewhere better to post, please let me know!! + +So, I started a new job in Texas on 9.16. The contract I signed had a set salary and PTO listed as “flexible, take time when you need it.” + +When I met with my direct supervisor on 9.19, he started talking about hourly and time clocking and vacation accrual rates. At that point I paused the conversation to let him know the letter I received and signed had only listed a salary and said PTO was flexible, not accrued. He asked to stop the conversation so he could check in with HR, since my role is “definitely meant to be non-exempt hourly, not exempt salary.” + +On 9.20, I met with my supervisor and someone from HR. She said point blank that it was their mistake but I am hourly and I will be accruing PTO. I noted that I would have negotiated differently as I have no intention of going into overtime unless it’s absolutely necessary and also noted that during our group training I’d been told I could leave the room to work on other things during the session for using our timekeeping system + +Needless to say, I was upset and frustrated at this meeting. I turned down another offer to take this role largely because of the PTO/salary combo was better in the role I took... but now it is less so. + +The VP of our department found out what happened and has asked me to meet him first thing tomorrow morning. I am still really disappointed and honestly would have pushed for a higher hourly wage if I’d known I wasn’t salaried and not getting flexible time off. I am outcome oriented and focus on getting the job done, and get frustrated if I’m done and I have to watch the clock to make sure I’m not losing out on income. And once I know I’m making enough, I care more about time off to maintain a healthy work/life balance than getting tons of overtime. + +Any advice for my meeting with the VP? I’d be happy staying hourly if I was on a higher hourly so when I do need to go to the doctor or take leave at 4:45 instead of 5:00 my check isn’t messed up. +The rate hike is fully priced in, dovish hike is the consensus, anyone shorting the dollar already or are you waiting / planning to go long ? What do you think is going to happen? + +Not sure if I'm even going to try to trade it tomorrow. +Thinking that if I had enough capital to trade with so that I wouldn’t need to use any leverage, could I somehow change the settings so that I wouldn’t be using any leverage? This would be nice because then as far as I know the overnight fees disappear completely. +Is it logical to say that seeing as retail is a small part of the total FX volume the “non random” data must be based on the price action of larger institutions. + +Who are the people that create non random patterns and what are their motives based on? + +Or are retail traders part of the reason for “patterns “ +A few details. + +I'm 18, working full-time making 45k. + +No debt, living with my parents for the foreseeable future. + +Spending under 5k/yr (gas, online college) + +I was doing research on retirement and I ran the numbers. If I want to be able to pull 2x my income at retirement (70k), which is probably more than I would need if I have a house paid off and no more kids by then anyways. If I retire at the standard 67 for max social security, I should be able to put 25k into an SnP 500 index (10% avg return - 2.1% inflation) when I'm 20 and be able to do that. I've been seeing on here that most people put 10-15% of their income every year into retirement for the rest of their lives. I can easily save that by the time I'm 20 and even start putting in this year. Is there something I'm missing? Do people really want to retire early or with more? What am I missing? + +Check my numbers: + +25k into S and P 500 at 20 + +7.9% return till 67 + +TOTAL at 67: **891,144.04** + +70k out every year + +Die at 95. Money left: $520,608 +Seen quite a few posts in the last few days where people are worried about what they've lost, but what about seeing this as a chance to gain? + +Invest more or continue investing your normal monthly amount? Opinions? I suppose investing more right now would be an attempt at timing the market? +I moved to London last year, and landed a boring lower-middle management admin role in a finance firm for £35K. I'm in my early 30's, and definitely underemployed but struggling to get onto a promising career path after some mental health issues, moving countries, and leaving the not for profit sector. (That's a whole other issue though). + + +I moved from Australia where wages are much higher, so I'm still trying to gauge how well paid (or not) I am and how much I should be spending on things. + +I'm spending £800pm (inc bills) on rent, which is just over 30% of my net pay. I'm also saving 10% towards a house deposit. I have an itemised budget that I moreorless stick to, and I'm careful about saving costs wherever I can. + +Perhaps I'm too frugal but I'm starting to feel like a real tight-arse, as often when I'm chatting to others my age their spending habits far exceed mine. Whereas I'm slowly kitting out my bedroom with second hand IKEA, they're buying custom furniture. When I'm buying my workwear from H&M, they're all dressed in LK Bennett. If they're in the front row of the concert, I'm in the cheap seats Etc etc. I would LOVE to have a nicer room and better clothes, but I think the extra cost would be a stretch and leave me no wiggle room in my budget. + +I know that other people will earn more, have different attitudes to money, and possibly credit card debts, but the people I'm spending time with are also single women in share houses, and I figure they can't be earning *that* much more otherwise they'd likely be living alone by now. + +Of course this comes down to individual choice, but do you think I'm being too tight? I'm worried that my reluctance to spend money on expensive experiences is limiting my ability to make friends and enjoy London. + +How do you deal with disposable income envy? And how do you know if you're being too tight? +So I was terminated this morning from a job I've had for 8 years. They gave no reason other than "we don't really need you anymore". The termination was effective immediately and they offered to pay me through this week. Losing the income sucks, but I will also lose my very nice insurance and retirement benefits. As of yet, I have only received the letter of termination. I have gotten nothing regarding NDAs, Non-Competes, or Liability concerns. + +My question is: Do I request a severance? If so, how do I do that? + +EDIT: I consulted a lawyer friend and the consensus was basically that it could not hurt to ask. I drafted a request and she helped me edit it. They came back with a counteroffer that I accepted. It was less than I had hoped for but better than nothing. +I see many people locking their money for 1,2 & 5y terms in saving accounts. Nothing wrong with it but wouldn’t it be the same to buy a government gilt for the same period, hold it to maturity and get the higher interest? +My daughter is turning 8 this coming week and she’s been all giddy showing me birthday present lists she’s been coming up with. All the toys are way out of my budget and it absolutely crushes me to tell her the truth. Yesterday when she was fantasizing about one of the gifts she wants I had to excuse myself to the bedroom so she wouldn’t see me breaking down in front of her. I’m trying to raise her by myself but I can afford to give her the life and the things she wants. Heck we might have to move out of our already cheap apartment soon because I just cannot afford it. I’m trying my best here put hearing her talk about how all the other girls have this or that and knowing I cannot afford any of that for her absolutely breaks my heart. I want to go back to school and take night classes to finish a degree to get a higher paying job but even that is a pipe dream since out budget is already so razor thin. I just feel like a failure. +Friendly advice from a former stock broker. + +If you ever call a broker and they begin asking about why you are placing a trade or what your trading strategy is trying to accomplish…that’s our nice way of saying the fuck are you doing? + +We are professionally trained and can see what trades you are doing. We don’t care about what your giant plans are that “can’t go wrong”. The fact is we have to cover our asses. If you call in with a stupid trade that looks like it will lose money, we can’t simply say don’t do that trade. We are expected to ask question and slowly give you the idea that maybe that trade is shit. We cannot give financial advice or say anything that could be taken as financial advice, but I can ask question about wtf you are doing until you say you don’t know. + +Simply put if you are speaking with a broker and they keep asking questions about your trade, you most likely are placing a shit trade. + + +Ps stay away from penny stock and otm short dated contracts for the love of god +I’m looking to begin investing in Section 8 housing. Any and all book/podcasts/websites where I can learn as much as possible would be greatly appreciated 🙏 +I am a traveler and would like to buy my first home to be a rental (at least for the next 6 months). I know I should not mention this when getting a loan. Should I open an LLC to be paid rent? Any other advice? + +Edit: this still would be my primary residence. I would need all my bills and whatnot to go there because I would not be living anywhere else. I would just be on the road for an extended period and coming back there as needed. Sorry for the confusion and lack of detail that raised red flags. I appreciate everyone chiming in! I know it is unusual to travel for that kind of time but I would need help with my mortgage by leasing out spare rooms while not there. +I'm going to be renting out my current residence in the next year or so, and am in the process of preparing it to be a rental property. The property is a SFH, and has hardwood floors, which are fairly old, and in need of a refinish. I was wondering what everyone's opinion on doing a refinish vs. covering it with LVP/T. The floor is a bit uneven (but solid) since the house is from the early 1930s. Any help would be welcome, and be nice, this is my first post, and I'm learning as I go (and want to learn as much as I can before I dive into this). +I did it! You guys rock, follow the flowchart and it will lead you from debt and no savings to having lots. +I placed an offer on my first place, and it was accepted, £13,500 under the asking price. +the question is; once I am in and have all my bills sorted (on the Santander cashback account) where do I allocate my "free money"? + + +Look at Vanguard for low cost and see if I can beat the mortgage rates and pay off bigger chunks as I go, or something else? I would love to hear your thoughts.. +(slightly over excited!) +Has anyone had any success with being approved for mobile and home internet services with absolutely no credit history? + +For mobile service, I assume I might have to spend a couple months/maybe a year on a prepaid plan. But, is it possible to convert to postpaid service after a number of months of keeping prepaid active/without disconnection? + +For home internet, it looks like a credit check is unavoidable. Without internet service, I suppose I could find a typewriter and could finance AusPost through letters/postage... perhaps learn morse code for the telegraph... +I'm not in Sydney or NSW so it's hard for me to comprehend, but can someone explain to me what is happening on the ground? Is it just a few black sheep that is stuffing it up for the majority? +How does this effect the economy in the short to Long term. Looks like property and shares haven't really taken a hit.... Yet. +Gday r/ausfinance, + +I've recently started a new job in mining coming from retail(1.5 months ago) , working a lot of hours and making a lot of money (about 5k a month, I pay a lot of tax) that I don't exactly know what to do with. I'm just curious to what you guys would do if you were in my situation to save as much money as possible/ setup a self sustaining income(invest, high interest bank accounts e.t.c). + +My current situation: +Living at home in my home town with my mother on my week off +Staying at my sisters house on my 2 weeks on +I've got 11k savings +I'm looking for a room to stay in the town I work in (for about 200 a week or less) +Am considering a credit card for frequent flyer points and what not. +Any finance advice or guidance would be highly appreciated as I don't know the first thing about saving money as I've never really had any until now. + +Cheers +I want to genuinely hear how fun today was for you apes that are balls deep with me in $GME. I needed a rush like today. I had a blast. I started on a high from pre market numbers. Hit some jazz cabbage watching the morning. LOST MY SHIT with that midday cliff. LOST EVEN MORE OF MY SHIT with that light speed bounce back that made this whole community looks like an autist brotherhood instead of a retard brotherhood for like 5 minutes. Polished off the jazz cabbage coasting through the afternoon with the absolute goldmine of content y’all were producing. I’m proud to be a member of this community and this revolution. Thank you for the journey. Diamond. Fucking. Hands. 💎🤝💎 +Hello everyone, + +noob over here. I have been getting some cryptos over the last month and I have had some decent results. + +My plan is to buy and HODL, but for that I find myself a bit confused regarding which of my holdings actually intends to be a currency in the long term, and not some token that may be replaceable with others. + +So far, it is clear to me that these aim to be currencies and nothing else: + +* BTC +* LTC and BTC forks? +* XRB +* XMR and other privacy coins? + +They make sense as long term investments as they may become one day the currency we use to buy products. Then there are those other coins that get shilled over the internet. +I have thrown a few bucks at each "just in case", but I am really confused whether what I am buying could sometime become world's digital currency. + +They throw around words like "currency agnostic", something that to me sounds like "the token may become useless". + +* XRP: a lot of talk about how the coin is not needed for the Ripple network, maybe institutional investors are even buying something else +* XLM, ARK, REQ, TRX: not clear at all why we need specifically their tokens for those products to work, instead of using some other currency as reference +* IOTA: check some of the responses on this: +https://www.reddit.com/r/Iota/comments/76mp1x/why_does_iota_need_a_token_with_value/ + +> Why does Iota need a token with value? +> *It doesn't. Its a nice-to-have feature is all.* + + +Again, I own some of the non-currency tokens so I will appreciate them rising in value, no FUD intended. So just an honest question, **which currencies aim to be the world's digital currency**, instead of aim to do all sorts of other stuff, for which they can be "currency agnostic"? + +Thanks everybody! + +I really apologize if this is not the place for this story but I figured I could get the advice I needed from this sub. TL;DR at the bottom. + +When I was 17, I am now 21, my mom added me as an authorized user to a few of her credit cards to help build my credit. Ever since she was keeping up with the payments and it was steadily helping my credit. + +In October of last year her and my dad started having issues and she started online dating. She got involved with someone with an obscure story and unbelievable coincidences. It wasn’t long before he started offering to pay off her debts for her. (Debt I was not associated with) Since, she has given all of her credit card info to him, the last 4 of her social, and more I presume. + +The debt that was “paid off” was bouncing and he gave her all kinds of excuses as to why. I tried very hard to explain the kind of scam this is, but she will not listen. She truly believes she is in love. It wasn’t long before he started purchasing things on her cards, especially ones that I was an authorized user of. It is affecting my utilization and I honestly want nothing to do with any of it anymore. + +Fast forward to today, I called Citi. One of the cards is the Citi simplicity. I asked the agent to remove me as an authorized user and he told me that he can not make any changes unless my mom authorizes it. I added my mom to the call and she refused to remove me as an authorized user. + +Am I stuck on a card that will severely impact my credit when it defaults like her other accounts? I am so incredibly stuck in this situation any advice would be appreciated. + +TL;DR: My mom is in a romance scam and gave her credit cards to him. He spent lots of money on a card I am authorized user on. My mom won’t pay it because “he’s paying it”. I want to remove myself from the card but Citi will not allow me to. Help. + +Edit 1: This is crazy for me! I’ve never really posted to this sub, only just read and lurked around for advice. I am so incredibly grateful for all of the advice you all have given me. I am going to attempt to help my mom one more time by telling my aunt. Hopefully she can help her come to her senses. If not I’m going to take you alls advice and cut her off. She will take the fall and reap the consequences and will come back when she is ready. Again, thank you so much. +Hey guys if you’re sick of bullshit hype projects then read this short write up and consider why you should get in on a real product with real mainstream deals signed, before it moons on big exchanges. + +The case for investing in Ecomi $OMI + +Most of you who have been paying attention to the NFT market will have heard of Flow, the blockchain for the best-selling NBA TopShots, or Terra Virtua, which has launched Pacific Rim, Top Gun and The Godfather NFTs. + +But I claim that it is an investment in Ecomi’s OMI tokens that will generate the best returns in the branded NFT space. Why? There are a few compelling reasons: + +1) Ecomi has secured the most licenses for branded digital collectibles. Comics? Check: Superman, Batman, The Joker, Harley Quinn, Ghostbusters. Video games? Check: Monster Hunter and Street Fighter. Cartoons? Check: Adventure Time, Powerpuff Girls, We Bare Bears. TV shows? Check: Star Trek and Ultraman. Hit movie franchises? Check: Jurassic Park, Fast and the Furious, Back to the Future. Sports? Check: NFL. So how did a virtually unknown company achieve this? Through their head of licensing Alfred Kahn, none other than the man who brought Pokémon to the world outside of Japan. + +2) Ecomi has an actual working product. Unlike the vast majority of crypto projects which are trading on promise alone, the team has kept their heads down and built Android and iOS apps where you can view and interact with your NFTs in AR, in their full 3D glory! Download the VeVe app from the Play Store / App Store and check it out for yourself. + +3) Ecomi has an extremely strong token model. 40% of the max supply of OMI is kept in an in-app reserve. Every time an NFT is bought on the VeVe app, the equivalent value of OMI tokens is removed from the reserve and burnt. The result is that, only a month after opening the VeVe app to the public, more than 1 billion OMI has been permanently taken out of circulation. In addition, 10% of revenues from new NFT sales goes towards buying back OMI from exchanges. This is the best tokenomics I’ve ever seen for any NFT project, bar none. + +4) OMI is still very undervalued. There is no project in crypto with with as big of mainstreams names that they have on their side. Certainly none below $100 million market cap. Meanwhile, OMI is languishing at a market cap of only around $10 million. + +But the price is not going to stay depressed for long, because of these upcoming catalysts. + +1) A big marketing push is coming in Q1. The team will start promoting to both crypto and mainstream audiences by announcing licenses and partnerships to raise the profile of the project and to introduce more users to the VeVe app. OMI will directly benefit as increased sales reduce the supply of tokens. + +2) OMI is getting 2 exchange listings in Q1, including Uniswap. This news was just announced a few days ago in a token update. OMI is currently only available through BitForex, so listing on Uniswap and another tier 1 or tier 2 centralized exchange will bring some much needed visibility. + +3) Interactive and animated NFTs are coming. The first animated NFT is the Ghostbusters’ Ghost Trap, which is dropping soon, most likely in the next 1-2 weeks. The team has also demoed 2 car NFTs, the DeLorean from the Back to the Future movies and Batman’s Batmobile. These have lights, sirens, openable doors, and are even driveable, which means you will be able to race with your friends in AR in the near future! + +Sources: +1) VeVe’s international licenses https://medium.com/ecomi/huge-international-licenses-announced-for-ve-ve-d84f747c96ce +2) Ecomi’s Alfred Kahn https://medium.com/ecomi/introducing-alfred-kahn-head-of-global-licensing-at-ecomi-a96eec674a3c +3) Tokenomics https://medium.com/ecomi/ve-ve-tokenomics-in-app-funds-and-token-buybacks-7ea8ac1a19c9 +4) Token updates https://medium.com/ecomi/q1-2021-token-updates-82c3bfa4f07a +5) Burn wallet https://explorer.gochain.io/addr/0xbBDA162f1E3EC2D4D9D99cafd0c14B03EC4E78d3?addr_tab=owned_tokens +WorldCupFi was born with the mission to bring a world cup marketplace for soccer enthusiasts to the crypto space and more precisely the BSC. + +With WorldCupFi, users can easily buy world cup tickets or soccer gears whenever they want with just simple clicks. + +The marketplace will also allow you to buy tickets for the 2022 World Cup in Qatar! + +&#x200B; + +Depending on the stock limit, users will be able to buy them with cryptocurrencies and thus without converting to fiat beforehand. + +As for soccer gears, a portion of the profits will be used to buyback and burn the token. + +WorldCup Fi Information: + +Name: WorldCup Fi + +Ticker: WCF + +Type: BEP-20 + +Total supply: 100,000,000,000 + +Smart Contract: 0x8b7ff8fdb7f9b97adc5a85d321c1f3024cd79d6d + +Audit: Coming today + +&#x200B; + +Roadmap: + +* Website Launch +* Release of the whitepaper +* Social media & community growing +* Audit of the contract +* Marketing for the presale +* Presale on Pinksale + +&#x200B; + +Thanks to the ingenious mechanism of the contract, a part of all transactions will be automatically transferred between the holders. + +All investors need to do is literally hold the $WCF token and receive $BNB in their wallet: the best job ever! + +Contrary to all the other projects that are content to have the same roadmap, the same betting project or other we chose to put forward a functional and creative product that differentiates itself from all the others. Make the right choices and your portfolio will thank you! + +&#x200B; + +Telegram: @ worldcupfibsc + +Website: [https://www.worldcupfi.com/](https://www.worldcupfi.com/) + +Twitter: [https://twitter.com/worldcupfibsc](https://twitter.com/worldcupfibsc) +If they say the short interest is 20%, that means 2 out of every 10 shares are shorted. + +If you remove half the shares available to trade (DRS) that means 2 out of every 5 shares are shorted. Or 40%. + +Every share that is DRS'd is one they can't short AND one they can't buy to close a short. + +I'm very interested to hear the DRS numbers from the next GME update. I don't think we'll be at the half way mark but it's moving that way. + +Mark Cuban was correct: They're plan was to never close. + +They didn't have a back up plan bc the first one had worked every time. I legitimately think Hedgies have another year of life which is fine by me. Gamestop isn't going bankrupt this year and DRS apes will lock the entire float by 2023. + +Short interest to infinity. + +Hedgies are so fucked. +"I went through the same process that most people do. I subscribed to a few investment letters and most of them didn't do too well." + +That's what William O'Neil, the legendary trader and author of "How to Make Money in Stocks," told Jack Schwager in a 1989 interview for his classic "Market Wizards" series. + +Out of frustration, O'Neil took the matter into his own hands. He knew a better way to trade was out there — all he had to do was uncover it. After all, he was seeing an array of fund managers crush the competition. + +"Back in 1959, I did a study of the people that were doing very well in the market," he said. "At that time, the Dreyfus fund was a very small fund, managing only about $15 million. Jack Dreyfus, who managed the fund, was doubling the results of all his competitors." + +O'Neil scoured Dreyfus' quarterly reports, searching tirelessly for any commonalities he could apply to his own methodology. After mapping out more than 100 of Dreyfus' stock purchase points, O'Neil hit pay dirt. + +"There were over 100 of these securities and when I laid them out on a table, I made my first real discovery: Not some, not most, but every single stock had been bought when it went to a new high price," he said. + +That unearthing opened the flood gates. O'Neil knew there were more secrets waiting to be uncovered. + +The search continued. + +O'Neil shifted his focus to the market's biggest winners, trying to connect the dots between the characteristics of certain stocks and their superior performance. Eventually, his research culminated in a simple seven-part model: CANSLIM. + +Allow O'Neil to explain: + +"Each letter of this name represents one of the seven chief characteristics of the all-time great winning stocks during their early developing stages, just before they made huge advances," he said. + +O'Neil's discovery translated to massive profits. + +"During 1962-63, by pyramiding the profits in three exceptional back-to-back trades — short Korvette, long Chrysler, and long Syntex — he managed to parlay an initial $5,000 investment into $200,000," Schwager said. + +Let's take a closer look at O'Neil's famed CANSLIM principles. All quotes below are from O'Neil. + +C: 'Current earnings per share' + +"The 'C' stands for current earnings per share," he said. "So, our first basic rule in stock selection is that quarterly earnings per share should be up by at least 20 to 50 percent year to year." + +A: 'Annual earnings per share' + +"In our studies, the prior five-year average annual compounded earnings growth rate of outstanding performing stocks at their early emerging stage was 24%," he said. "Ideally, each year's earnings per share should show an increase over the prior year's earnings." + +N - 'Something New' + +"The 'new' can be a new product or service, a change in the industry, or new management," he said. "In our research we found that 95 percent of the greatest winners had something new that fell within these categories." + +S - 'Shares outstanding' + +"Ninety-five percent of the stocks that performed best in our studies had less than twenty-five million shares of capitalization during the period when they had their best performance," he said. "Many institutional investors handicap themselves by restricting their purchases to only large-capitalization companies." + +L - 'Leader or laggard' + +"So, another basic rule in stock selection is to pick the leading stocks — the ones with the high relative strength values — and avoid the laggard stocks," he said. "I tend to restrict purchases to companies with relative strength ranks above 80." + +I - 'Institutional sponsorship' + +"Leading stocks usually have institutional backing," he said. "However, although some institutional sponsorship is desired, excessive sponsorship is not, because it would be a source of large selling if anything went wrong with the company or the market in general." + +M - 'Market' + +"Three out of four stocks will go in the same direction as a significant move in the market averages," he said. "That is why you need to learn how to interpret price and volume on a daily basis for signs that the market has topped." +Random question, but a chairman for one of the companies I'm invested in just replied to my criticism of them on another platform. I was talking about how little faith management must have to not be buying up shares while they're dirt cheap. + +His response was: **"If you think hard, you will know why."** + +What could he be trying to tell me? +...a car, a full set of clean clothes, pay for their rehab if they need it, and give them a monthly stipend of $1500 for other expenses for the next five years. (And pay for their property taxes during that time.) + +Book it: If I don't provide proof within a year of MOASS, y'all can disown me. + +Edit: The whole point here is to get someone in need back on their feet. I'll do whatever it takes (within reason) to make that happen. "Random" in the title was a poorly chosen word, I admit. +I missed last year's incredible bull run in a lot of tech. I played the options market more and held cash. Now I'm looking for decent value holds. AMD's most recent earnings blowout has me pretty exciting that they're living up to the hype. As far as I can see their P/E was basically cut in half after their report last week. That, plus the fact that their stock has been dropping ever since makes me think this is an excellent dip to buy. + +Any thoughts or comments are appreciated. Just wanna discuss what everyone else thinks. +This post is mainly a pep talk for myself. + +I am very much the type of person that would rather eat out for most of my meals than cook at home. I've been known to spend majority of my money on eating out everyday. I recently started to dedicate myself to a serious budget, and most of my food money comes in the form of groceries. I have a budget for what I call "Emergency food", that is, there are times where I'll be out and about and will need to grab something to eat while I'm out, but I label this as "Emergency" as a mental blocker that this money is only to be spent if I absolutely have to. Everything else I eat, I make at home. + +At my job, there are three other employees who eat out every single day for lunch. They actually order Doordash, so they're paying for the food *and* a delivery fee *every single day*. You know, if they can afford to do that, that's great, but I know I can't. I actually go home for lunch because I only live 10 minutes away. But it is hard watching them order out everyday and watching their food arrive before I go on my lunch break (especially because I'm always starving by the time lunch rolls around.) + +I know it could be so much easier and less work to order out everyday, but I constantly remind myself it's not worth going over budget. If I'm too hungry to make it home and make a sandwich, I'll stop at Wendy's and get a 50¢ frosty and use the app to get a free single. But that's it. + +The other issue is FOMO. I am always feeling FOMO, so again, I gotta remind myself that it's more worth it to go home rather than go over budget. + +Again, this is really a pep talk for myself, but I'm sure there are other people plagued with laziness and FOMO like me that could probably use the reminder. +Hey everybody, + +I just found out about this subreddit and it seems like it's perfect for me. + +So the story is I met my husband a few years back while he was living in Europe. We were deciding whether or not he should just work remote in Ukraine or should we live in the USA together. We decided to live in the USA together as it just seems like it will be more stable in the future especially with what is going on in my country right now. + +We both want to retire by the time we are 50 years old. Here are some statistics about us. + +- We live in Philadelphia. + +- We both work in IT. He makes 105,000 USD pre tax and I make 55,000 pre tax. + +- Our rent is 1200 a month in total with utilities. + +- Our total healthcare costs are 200 dollars a month. + +- We have no debt + +- we own no car + +- We both have 5% matches on our 401k. + +- We are 28 years old. + +- We have a total of 15,000 USD in savings. (immigration for me took a large chunk of our savings) + +My biggest fear is that this is the first time in my life I have had money and buying all new clothes and new things for our apartment makes me happy as I grew up poor. + +I have only been here 8 months so far so I'm still getting settled in but I want to know what is our best path to financial independence by the time we are 50. +Hi everyone, + +Love the subreddit, and have learned plenty from it! + +Was doing some DD on Air Canada as a post covid world recovery play (2-4 year hold) and wanted some thoughts/critique on the notes that I have thus far! + +*Disclaimer:* *This is not financial advice/I am not a financial advisor* + +&#x200B; + +**- The Good/Bull Case** \- Government of Canada support (as evidenced by recent "bailout" package that provided them access to plenty of cheap debt and equity-based debt as well (Worth 5.9 Billion of which 5.4 Billion is through low-interest loans <1.9%)) + +\- Canada needs a national airline and the government recognizes that. (For reasons of prestige among the G7 nations & to have a national airline simply put. + +\- Cash flow is strong and with federal assistance (5.9 billion) stands to help AC maintain the cash they need to make it through the pandemic. + +\- Analysts predict a return to profitability and revenue of 14.34 billion in EOY 2022. + +\- Predicted significant pent-up demand for travel that is waiting for the pandemic to end/borders to fully open will be fully unleashed. + +\- Cost-cutting measures done well (operating expenses down 7.872 billion from 2020 when compared to 2019. + +\- As the population vaccination rate increases so too will travel/gradual reopening occur. + +&#x200B; + +**- The Bad/Bear Case** \- Will be a smaller operation/airline for at least 3 years (as said by Air Canada due to them predicting demand to go back to normal \~3 years from now. + +\- Revenue still down considerably: 18 billion in 2018 vs 5.8 billion in 2021 (Down 68%) + +\- Net Income is considerably negative: 2019 EOY being 1.48 billion versus 2020 EOY being -4.65 billion. + +\- Debt level up as of 2020 end of year considerably (28.913 Billion of assets versus 27.198 Billion of debt) + +\- Lower SE as a result: 4.4 Billion in 2019 end of year versus 1.715 billion in 2020 end of year. + +\- Debt to Asset ratio comparison from 2019 EOY to 2020 EOY year is 0.84 VS 0.94 (12% increase YOY) + +\- New variants and vaccine hesitancy can lead to longer COVID travel bans and loss of travel. + +&#x200B; + +Cheers! +[Graph](https://imgur.com/MP0l1KM) + +&#x200B; + +About six months after graduating college I started tracking every penny I spent. At that point I had around 30k. I had right around 10k after graduating due to some early investments in my Roth IRA and whatever paltry sum was in my checking account. The above graph is the culmination of my current financial situation. I'm still kicking myself for not starting this spreadsheet immediately after graduation but oh well, life happens. + +&#x200B; + +At any rate as the title says, this basically shows my (now both my wife and I's) journey to 500K and because I was so excited I wanted to share it with some folks who will actually appreciate it. While it's not as majestic a number as some of y'all's on here, I'm proud of it!. Below are a few basic answer to some questions that are bound to come in. + +* Wife and I are both 27 years old with our first kid on the way and due this summer +* Real estate is not included on this graph, for reference I currently have around 160k in equity in my home +* The dip in the middle of 2015 is when I bought my first house (224k 10% down payment) and then the month after I got married +* The dip in the end of 2018 is when the stock markets dipped a bit and I bought my next new construction house which I just moved into. (340K 20% down payment) \[old house is set to close next week so i'll be happy when that is all done with\] +* Wife and I are both engineers (Electrical and Mechanical respectively) +* Paid off student loans somewhere in 2016, I don't remember when exactly as they were not astronomically high +* Salary for me went about as follows with 2 years between major increases (64K starting -> 74K promotion ->97k new job) +* Salary for my wife was (78k starting -> 84k promotion -> 93k promotion) +* Basic investment strategy (max 401k's-> max IRA's -> invest 80% of the rest in vanguard -> pay a bit extra on the mortgage +* My end goal is 3MM by 40 years old where I plan to FIRE in style! +There is no other coin which got more hate since the beginning of the year than Doge. Most of the people here, me included, predicted it will dump after each pump it had. + +But here we are today, with so much blood in the streets, Doge stood its ground and is now the 3rd biggest crypto by marketcap. Still holding its incredible YTD ROI of more than 6000%. + +And this all **despite the fact you cannot stake Doge**. Unlike ADA, BNB and plenty of other coins that are behind Doge. + +It all might have started as a joke but we can now see how serious people are about it. And although I still can't believe Doge is where it is, I now have much respect for Doge holders. +How do you typically monitor/control your algorithm(s)? + +I know everyone here is going to have different use cases, some of us have completely automatic algorithms, some have algorithms which essentially are just indicators.. some have both. + +How do you monitor/control your algorithms? Web Dashboard? Desktop Application? Terminal? Text Files? + +&#x200B; + +Myself personally, I am procrastinating building a web dashboard. Having a day job and being on the go, that probably is the best route. Although building it will be annoying, in the long run it will be more beneficial +Hi, + +I have back tested a strategy I came up with where I scalp around levels I have pre determined on the ES. I have heard mixed things about ninja trader being unable to follow and execute trades on super short time frames which my strategy needs. Is this just poor coding by the user or is it an issue with ninja trader? I am fairly new to writing algos but my buddy is a good coder so I’m sure he can code whatever I want, but before we start that process I want to make sure ninja trader is a good option. Any help would be greatly appreciated! + +Thanks 🙏 + +EDIT: sorry I wasn’t clear, I am not looking to write or start and HFT. I’m looking to trade on the 1 second chart where when price gets within a predetermined threshold and meets other criteria’s, it places a resting limit order with an attached oco at a predetermined level. It’s pretty simple and I’m able to successfully and consistently trade this strategy live via my super Dom in ninja trader. I just want to automate it. Can ninja trader handle something like this? +I (25M) have seen quite a few posts recently of people with lower incomes who are doing really well for themselves. I apologize if this is a bit of a brag post but I don't know who else to share this with. + +My wife and I just surpassed $100k NW a few months ago! We are both in school full time, work part time, and have never made more than $25k in a year. We have been both incredibly lucky and super frugal, so I wanted to just share what we did and hopefully inspire others who are still in school or have a lower salary. + +First, my schooling is covered with scholarships. In fact, I earn roughly $4000 per year to go to school. We use this money to help cover my wife's tuition, which is about $5k per year (cheap in-state public university). + +Monthly income is inconsistent, but hovers around $1500 to $2000. Expenses are also variable, but we keep them around $1200 per month. Expense breakdown: +Rent + utilities: $800 +Food: $200 +Phones: $60 +Internet: $30 +Car insurance/gas: $60 + +Frugal tips: +We only own one car. We bought it for $2000 and my wife drives it to work and school. School is close to our house so gas expenses are low, and we have liability only insurance. I ride a bicycle everywhere, even in the winter. We do not use AC or heat in our house. This saves us roughly $100 per month on utilities. In the winter we sleep with jackets on and like 5 blankets, but it works. We have to drip the pipes to make sure they don't freeze. Summer isn't too terribly hot here so we just sweat a little more than others. Our phones are paid off and several years old, and we use Google Fi and very little data to keep the monthly bill around $60. We don't eat out unless we have gift cards (which happens frequently thanks to my wife's boss) and we buy in bulk at the grocery store. Lastly, we did a little credit card churning and put most of our expenses on cards to redeem a few cents on the dollar and earn thousands in signup bonuses. This also helped us travel and have some fun without breaking the bank. + +Lucky stuff: +We bought a townhome 4 years ago and then the market exploded. We had an FHA loan and only put down $3500 to buy the house, and then through natural appreciation alone it doubled in value in 4 years. We just sold the house and earned $60k, which went immediately into a HYSA. Despite working part time, my employer offered paid time off, health benefits, a 401k match (6%), and a HSA. This all helped tremendously and I recognize it was mostly luck. + +For the last 3 years, I maxed out my Roth IRA and maxed my wife's Roth IRA the last 2 years. We put all of our extra money each month either in our IRAs or HYSA. Even without the money from selling our house, we still managed to save about $50k in 4 years with our small salary. + +Total assets +Roth/401k: $39k +HYSA/checking: $70k +HSA: $3k + +Tl;Dr - $25k salary. Saved $50k in 4 years with some major frugality. Got lucky in the housing market to earn another $60k after we sold our townhome. + +Edit: Our income was definitely closer to $2000 each month. We saved an average of $800 per month for 4 years = $38k. My employer paid $6k into my 401k and $3k into my HSA. So the $50k saved in 4 years may have been a little misleading + +Edit 2: I do not recommend anyone shutting off their AC/heater. We were just figuring out how to be a married couple and live together/save some money. Either way, we made some fun memories and the suffering is over since we sold the house and moved into a smaller studio apartment. +My wife and I are in our early 30s, have no debt, and have paid off our first homes mortgage. Financially we are very stable and don't plan on having kids in the next 3-5 years. If anything we'd adopt. + +We are highly considering moving into another house in our current neighborhood. Our house is worth about $190k. The houses we are looking at are going for $240k and $300k. + +We each make $70k a year for a total of $140k. + +Do we really need a realtor if both are for sale by owner? Is there a step by step procedure or pre-written contracts available? Hoping to avoid the extra cost as we are kind of diy people, but seeing as you only buy a few houses in your life, is it worth paying for a realtor regardless? +...What are you doing with your money and why? Waiting for a price drop? Investing into ETFs? I'm stuck in a situation where I've got more than enough for a deposit but don't want to get myself ripped off buying a potentially overvalued property. + +Not looking for financial advice, just trying to get an idea of what others in my situation are doing. +Hi all, I’m 24 and working FIFO I’m taking home around 3.3k a week give or take on overtime. Have around 45k saved with no debts to my name. Im looking to buy my first property soon but having trouble deciding if I should just keep saving more money or go for a house now, I work away 3 weeks at a time so only home for 1 week of a month I don’t know if there’s any point in me getting a house to live in or to get an investment property. + +Also looking for some ideas of what I should be doing to invest my money, it’s all sitting in my commbank savings account at the moment. + +Cheers everyone what would you do in my shoes? +With cost of living so high and discretionary spending on eating and drinking being a big expense in a fair few peoples budgets I thought it would be good to get the opinion of Redditors here on what are some great value healthy take away options. + +Something I've discovered is that if you play the menu well at Chargrill Charlies (Sydney Based), you can get a great meal for 2 for <$30 which works out to be <$15 per head. Living in the LNS of Sydney I deem that pretty good. + +Anyway, fire away! Keen to hear +[https://www.barrons.com/articles/rivian-ipo-stock-price-valuation-51636504468](https://www.barrons.com/articles/rivian-ipo-stock-price-valuation-51636504468) + +Rivian Automotive priced its much anticipated initial public offering at $78 a share, a person familiar with the situation said. + +The $78 is above the price range Rivian set last week. The all-electric truck maker had filed to offer 135 million shares at [$57 to $62](https://www.barrons.com/articles/amazon-backed-rivian-to-go-public-next-week-51635855897?mod=article_inline). It boosted the price range to $72 to $74 a share on Nov. 5, [according to a prospectus.](https://www.sec.gov/Archives/edgar/data/1874178/000119312521321716/d157488ds1a.htm#toc157488_15) + +Rivian will trade Wednesday on the Nasdaq under the ticker RIVN.  Morgan Stanley, [Goldman Sachs ](https://www.barrons.com/market-data/stocks/gs), and J.P. Morgan are the lead underwriters on the deal.  + +Rivian is valued at nearly $70 billion based on the 873.1 million shares outstanding if the underwriters exercise the so-called greenshoe. (The greenshoe allows underwriters on a deal to buy shares in the IPO at the offer price.) + +Rivian’s near $70 billion valuation would surpass the market capitalization of [Honda Motor ](https://www.barrons.com/market-data/stocks/hmc?mod=article_inline)(ticker: HMC), which ended Tuesday with a $51 billion market cap, bringing Rivian closer to [Ford Motor ](https://www.barrons.com/market-data/stocks/f?mod=article_inline)(F), an investor in Rivian, whose valuation was $80 billion. [General Motors ](https://www.barrons.com/market-data/stocks/gm)(GM) had an $85.1 billion market cap Tuesday.  + +Founded in 2009, Rivian makes all-electric pickup trucks and SUVs. It employed 9,195 people as of Oct. 30. The Irvine, Calif., company is considered one of the more serious rivals to [Tesla ](https://www.barrons.com/market-data/stocks/tsla)(TSLA), the leading EV manufacturer. +Well after getting banned from Wall Street bets and taking a bashing right here in Penny stocks .... I’m pleased to announce that - the bashers were wrong, yet again. + +I’ve warned everyone at .02-.03 that $ISWH was getting ready to go on a 500-1000% tear. And it did 🤑 today we hit 400-500%... the first target. + +👉 https://www.reddit.com/r/pennystocks/comments/jxiphk/iswh_5001000_runner/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Trust yourself, try to lead people to water and massive gains, but trust your abilities more than their opinions. + +When your process says slap the ask....you better believe I slap the ask! I’m ridding hundreds of thousands of free shares after taking my initial investment and some profit off the table. Thanks to..... trusting myself. + +Never here to pump, market goes with or without you or me. + +See ya at the top 🐺 + +Read comment below 👇🏻 +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) +Our first baby is due this spring and we’re likely going to have only one. We’re both still working, but I get 1,5 years of paid leave, husband gets 6 months. We’re pretty keen on making life with baby as easy as possible. + +What is really worth it? + +Our list so far: +- investment account for baby +- full-size stroller and travel system +- double housekeeping frequency +- potentially upgrade car to SUV or similar +- most of the equipment times 2 or 3 for grandparents + +Things we’re considering: +- the Snoo or other fancy sleeping equipment +- a night nurse (has anyone tried this?) +- top tier breast pumps + +What else is there and what did you do or use that paid off? + +Thank you! +Obviously, need to keep this a bit vague. But I have a company with a handful of innovative products, some ready for commercialization and some in mid to late R&D stage. Over the last few months, we've had some convos with a publicly traded company (w/ a market cap in the billions) who is in the same field and has an interest in our niche area as it is complementary to some of its current core focuses. At this point, we've spoken to about a dozen or more of the company's execs / managers / etc, all of whom were looking to understand us, our products, vetting it out, etc. Earlier today, our contact informed us that the company intends to put forth a term sheet soon outlining consideration for the following: + +(a) a worldwide exclusive license agreement for our products ready for widespread commercialization; + +(b) exclusive rights to improvements and further developments for the products in "(a)" + +(c) a right of first refusal for our products in R\&D; and + +(d) co-promotion of the licensed products. + +And potentially other items. + +Bottom line, I'm completely out of my wheelhouse here. No prior M&A / major licensing deal experience. No one on our team has experience either and I'm not sure I trust our corporate attorney with a transaction as meaningful as this. Looking at the public company's (and its competitor's) 10-Q's, they have given exclusive licensing deals in the past with upfront non-refundable fees in the single digit to tens of millions and milestone payments in the dozens to hundreds of millions. Its very unclear right now how this company views us, but clearly, it would be a worthwhile investment to have an incredible savvy professional representing our interests and negotiating the best numbers possible. + +1. **What kind of people do I need to quickly put together on a team to evaluate the opportunity here?** I gather from a recent thread that perhaps a banker + M&A attorney are two key individuals, although is a banker necessary when we're on the verge of getting a term sheet? That said, perhaps there is value in a banker quickly vetting out other potential opportunities? Who else? How do these people typically get paid? Hourly or percentage of deal size, and upfront or upon closing of deal? +2. **Any general advice for entering a negotiation or situation like this?** +3. **For those that have done similar deals, what provisions did you fight for beyond the typical?** My thought is that, for example, if they want us to co-promote, then our company should receive a very healthy hourly consulting fee. If they have an interest in us continuing to improve the existing products, there should be some sort of milestone payments for that (or alternatively, a R&D budget). Also, we'd likely push for guaranteed minimum yearly unit sales to make sure they don't sit on the license and to incentivize them to push the product out via their channels. + +Thanks very much. I really appreciate this group's expertise! +Currently, I live with my parents and both want me to buy a car early next year to prove that I'm responsible enough to handle my own monthly payments, which is reasonable of course. However, I don't know what is the best option when it comes down to buying used or new. Here is some information: + +&#x200B; + +\- I currently don't have any other payments due to living at home (Not yet anyway) + +\- I make roughly 20-25k a year from reselling/working at home, and almost 50k in savings (Sorry for the previous confusion) + +\- Credit Score: 735, no debt (2 Credit cards) + +&#x200B; + +I'm definitely not comfortable spending money on a car right now or even in the next few months, but it is either that or potentially dealing with an ultimatum from my parents. + +&#x200B; + +Any thoughts? Advice? Thanks in advance. + +&#x200B; + +**EDIT: Thanks again everyone.** I would like to add that I have never used my parent's vehicles. The only "expense" I pay for is some of my food, hygiene products, and supplies. + +&#x200B; + +Generally, I should be doing more to improve, maybe from the outside my parents are seeing something that I am not. +It seems like the expectations for the upcoming earnings from airlines, travel, hotels, and entertainment are really really low. Shouldn't this be a pretty good time to **get in long term**? Even if the industries never fully recover, they should be able to climb from these levels when the pandemic is over, no? + +Not saying they (the stock prices) can't get lower in the near future, just that many of these companies are solid and will get back to being profitable as the pandemic goes away. I am not sensing any optimism around these companies and that sort of makes me want to buy. + +**Long term**. +As the title says, I’ve noticed GME over the past 10-14 days trading with some big buys after hours. Nothing like today!! 100,000’s of shares being purchased across all basket stocks. Does anyone know what’s going on? I know we don’t discuss other stocks here but anyone with a wrinkle that could explain the type of trading taking place after hours, I’m all ears. It’s almost as if, it is blatant crime!! +As I warned you guys 100 times.... no moat, no barriers to entry, lots of competition, easy tech to replicate. + +\--- + +Brokerage says ZIP's rivals Afterpay ([APT](https://secure.selfwealth.com.au/Research/Z1P.AX#)), Klarna and Affirm are leading in terms of customers, while U.S. payments giant PayPal is also expected to launch its installments-based payment solution in Q4 + +While Quadpay has a higher U.S. revenue yield than Afterpay at 7.1%, expect it to decline to 6% by FY23 due to lower consumer fees and pressure on merchant fees from rising competition + +Citi, however, maintains price target at A$6.70 despite earnings downgrade due to peers trading at higher multiples; PT implies a discount of \~16% to stock's last close +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) +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) +Genuine curiosity here and thought it worth posting as any discussion may help others that are as retarded as me... + +Since coming on board here I've gotten familiar with the concept of free-carrying. As I understand it and by way of example: + +\- I buy $10k at 10c (100k shares) + +\- sp goes to 20c (holding value doubled to $20k) + +\- to free-carry, sell 50k shares (gets original $10k back) and 'carry' the remaining 50k shares for "free" + +Where this comes undone for me is that CGT applies and so technically more than half would need to be sold in to profit - enough to offset the CGT (assuming getting back your original investment is how free-carrying is defined). + +So I get it, it sure as hell works and well done to anyone who's holdings gain enough to do this, but the half sell / half hold ratio looks off to me. If I put $10k in, I would take free-carrying to mean I get $10k back AFTER tax and hold whatever's left. + +PS: What I can't wrap my head around is how people sell for a small profit (sp has gone up x cents) then look to buy back in if it pulls back a few cents again - taking the view that they've just increased their holding. + +Taking my example (sucks to be on highest tax rate), if I buy $10k of stocks then sell at $11k, I can't put $11k back in to a buy order without ignoring the tax liability. A number of people here seem to operate this way regularly and assuming they make good trades and keep repeating the tactic, isn't this a case of digging yourself in to a hole re EOFY and CGT coming due? Better to just make those gains and worry about tax later......? I couldn't do it... + +Disclaimer: not in any way a criticism of anyones approach, but important considerations for me and maybe others... +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) +How do u guys manage. I have 2 bank accounts (both Pvt sector). I don't use one account Nd keep all my money in just one account. + +Am thinking of closing one and instead open another in a nationalized bank and spilt the savings between them. +Hello everyone, + +I am S, a software developer. I am planning to build a minimal but useful investment tracking portal for personal use as well as for friends. I have started investing in the stock market and researched a few data points. I wanted to know what features would you like to have in the portal and please do comment on any links which can be useful like existing websites, apps, or any APIs. Thank you +The title is pretty much it, but I'll elaborate anyway. The auto sector sales have been consistently dropping for the last three quarters, both for passenger (~31% down) and commercial (~25% down) vehicles (https://www.theweek.in/news/biz-tech/2019/08/13/auto-distress-passenger-vehicle-sales-drop-31-per-cent-july.html) but the stocks in this sector are performing rather fine, at least for the last one month (Bajaj Auto, M&M, Hero Motocorp, Maruti). Why do you think that is? And what is your outlook for these companies for the next one year? +Hi Guys, + +I have been reading a bit about e-Gold as an alternative investing option. Haven't been able to gather a lot, pasting below a couple of links which explains it a bit. I would like to get your views as to what are the pros and cons of e-Gold compared to gold ETFs. I am sure SGB is more popular at the moment and that's pretty much clear. But what about more liquid options like e-Gold, with no locking period of 5 years. Also I have been reading various blogs about gold investment and the option for e-Gold is not mentioned in majority of those blogs which raises a doubt in my mind. Is there a big drawback that I am not aware of because of which this option isn't getting the attention it deserves. + +Gold ETFs do provide liquidity with low expense ratios compared to gold MFs, but are there any advantages of e-Gold compared to gold ETFs. Some of the advantages that I could find are as given below: + +1. Removing the tracking error which is present in ETFs and MFs due to various reasons. + +2. Option to get physical delivery of gold if needed in few major cities even if the quantity is not huge like 1kg ( even though I am not interested in doing that but it's worth mentioning) + +3. Possibility to buy and sell on weekdays between 10am to 11.30pm. + +4. Cost effective when compared to expense ratio of gold ETFs. + +5. Prices are linked to Indian gold price. + + +Looking forward to your views and constructive criticism which will help me and others in growing their knowledge. +When most people are starting out, they have minimal networth. Even if they double their return because the capital base is so small, their profit is negligible. It makes more sense to maximize their employment earnings/grow business. + +But once you have a sizeable capital base, even increasing your returns by a modest amount can earn you huge profits, potentially more than you could earn from your job/business and so it makes more sense to focus on your investments as a full time job. Ex. If you have $10,000,000 and you can increase returns by 5% by making investing your full-time job over what you would have earned passively, you earn an extra $500,000. + +But this is a difficult transition because most people are not trained in making investments as their day job/business. They're doctors or lawyers or in tech or what have you. Warren Buffett spoke about this problem. He said that most CEO's rise through the ranks by being very good at one particular set of skills, such as sales/marketing, operations, product development, etc. But once they're CEO, their most important job suddenly becomes capital allocation (I.e. Grand strategy: which markets have potential, which business lines should we expand/divest, etc.), which is a set of skills they likely haven't cultivated. As a result, many CEOs who can't make this transition, do a disservice to their company. + +The whole point of fatfire is to have so much in passive returns that you don't have to work anymore. But have any of you, either before fatfire, or in deciding not to RE transitioned to more of an investment role rather than as a worker/business owner? +Ken is beat up.. Hes dying inside... The last thing that guy wants to do is go on tv and deal with PR... + +[Sorkin is his partner in crime... This was their big event yesterday... ](https://preview.redd.it/un056g0oryy71.png?width=882&format=png&auto=webp&s=a28efcbae284891427d60c2d5d9d09e46abc8d4a) + +He LIED... He said "The GME thing came and went" + +That was the entire purpose of the crap they broadcasted... + +**But why?** +I think so that institutions can use that and say to their brokers - look, this is from yesterday, Even Ken said its over - our analyst have to agree with the market makers - so you cant buy it - and so on... + +There is more and more interest coming to GME as sentiment is starting to really change and even Boomers want to buy it - Now the big banks need a bullet to defend it - they can deflect people to the youtube video and they'll believe Kenny because they dont do their own research - + +**The Ken and Andrew Wank off Yesterday was used so institutions can kill GME short sale rumors per the boss Ken -** + +And that was their biggest try yet - so I think we are getting closer and closer - and closer... fukt Hedgies... +https://markets.businessinsider.com/news/stocks/tesla-surpasses-walmart-market-value-most-valued-sp500-us-companies-2020-8-1029524035 + +jnj, v, brk.b, fb, googl, msft, amzn, aapl. +[So Coinbase went into crypto-rap-battle mode when Cheezey tried to throw some FUD into an already suffering market by starting the rumor that CB had no reserves. CB comes out swinging and basically drops the mic on Cheezy's ass and walks off the stage. A lot of you were poo-pooing CB and going all chicken little...](https://dailyhodl.com/2022/11/24/coinbase-reveals-reserves-of-2000000-btc-worth-over-33000000000/) + + I stayed calm and watched it all play out because I have never really had any issues with CB. I don't really take advice from *some* of you lot. So lesson learned is that when Cheezy or some head Crypto guy talks everyone should take it easy and let it develop further before you make any rash decisions. Peace out. + + +Since its’ Q2 earnings call a few weeks ago, Intel Corporation (INTC) shares have plummeted 20% upon announcement of problems with its’ next-generation 10nm and 7nm manufacturing processes. The massive collapse has led to widespread attention among investors, but in reality the situation has been years in the making for those who’ve been paying attention. Today I’d like to look at some of the technical decisions Intel made, why they’ve caused problems and the implications of that on their future. + +**Lithography techniques** + +Lithography is an incredibly complicated process that forms an incredible competitive advantage for those who master it. In simple terms, you put a template of circuit designs (photomask) on a silicon base (wafer) and shine a powerful laser on it [\[1\]](http://www.lithoguru.com/scientist/lithobasics.html). + +Over time, people tried to fit more transistors in the same area – this would lead to increased performance capability, lower power consumption and various other benefits outlined in Dennard Scaling\[2\]. This becomes progressively more difficult over time, as you’re trying to cram transistors into areas thousands of times smaller than the width of a hair. The industry ran into a particularly tricky wall around the 20nm mark, since the size of the laser you used to ‘print’ the circuit design became so relatively big that it couldn’t reliably follow the complicated patterns needed for all the transistors. Two schools of thought developed to address this problem – patterning (using more than one photomask, each with simpler diagrams, and lasering the wafer with each of these templates separately), and EUV (extreme ultra-violet, using radiation with much smaller wavelengths than traditional). Intel saw success with dual-patterning (two templates) on its’ 22 and 14nm process, and chose to go one step further and pursue quad-patterning on its’ 10nm process.\[3\] Meanwhile, its’ competitors TSMC and Samsung chose EUV. \[4\] For reference, Intel themselves have also chosen to pursue EUV for their 7nm process. That might give you a hint as to which was the right choice… + +Other terminology I’ll be referring to in this piece are yield (how much of a wafer is actually useable) and monolithic (the whole CPU is cut out of the wafer as a single piece of silicon) vs chiplets (the CPU is formed from several pieces of silicon stuck together) + +**The problems with 10nm** + +Back in 2013, Intel was in it’s prime. It dominated the CPU market with >90% market share, and was pursuing a tick-tock strategy with its’ chips – every two years you would have a die shrink ‘tick’, then the alternating years you would have a microarchitecture change ‘tock’. In the roadmaps released by Intel, they planned to have their next ‘tock’ of 10nm in 2016. The ‘tick’ – Skylake architecture came, but the ‘tock’ never did. Even today, 4 years after it was supposed to be released, 10nm still isn’t really here. On paper, it was launched with Cannon Lake in 2018 – but the total number of those are in the thousands, if not hundreds. On paper, the ‘mass-market’ generation Ice Lake launched in 2020 but they have incredibly limited supply and offer inferior performance to Intel’s own 14nm offerings. \[5\] The latest update is that desktop and datacentre chips will come in the second half of 2021 – but for reasons we shall soon see it is my opinion that these will yet again be flops. In fact, it is my opinion that 10nm is a total writeoff, and that the design decisions taken at a very early stage have doomed it to failure. When you use lithographic techniques, you are bound to have some defects in your wafer. After all, creating billions of devices tens of atoms in size isn’t going to be perfect. Patterning as a lithographic technique inherently has a higher defect rate than not using it – you’re basically going through the same process multiple times, thus increasing the chance of defect dramatically. As I mentioned earlier, Intel is using quad patterning in 10nm – this means their defect rates are going to be sky high. At the same time, their usage of a monolithic die compounds this problem for high-performance, high core count CPU models. As you can see from the blue wafer below, it’s difficult to draw large squares (high-core count models) that are without defect. In comparison, the red wafer is AMD’s chiplet approach, built on TSMC’s less defect-prone EUV process. + +(Sorry, I copied this post from my blog to not self-promote but I can't insert the relevant pictures here) + + +Since you can paste together multiple small CPUs into one bigger one, you use a far greater percentage of the wafer, cutting costs and letting you freely choose however many high-performance chips you want to build. + +Of course, it’s impossible for anyone outside Intel to know the exact numbers for the defect rates, yields and unit costs for 10nm. No doubt they are improving as time goes on,as they always do with a maturing architecture. However, I can say with certainty that + +1) they are currently not yielding at rates that could let them release high core-count server chips in any volume, EVEN AT A LOSS + +2) The margins on 10nm will NEVER reach the heights that Intel has traditionally seen. Intel has enjoyed gross margins of above 60% for the last decade. In my opinion, if Intel were to replace their whole product stack with 10nm, their gross margin will never rise above 30%. The maximum price they can release their products at is capped not only by AMD’s offerings, but more importantly their own legacy performance. If Intel attempted to price at a level that would give them healthy margins, their entire product lineup would be outcompeted by their 5 year old 14nm chips on a price/performance basis, and their customers would have no reason to upgrade, decimating their revenues. + +These are bold statements but I believe Intel’s actions over the past few years, and their planned actions over the next few, support this view. + +When you release a new generation of processors, you always want to have it be ‘better’ than the previous generation. This may seem incredibly obvious, but the only exception is when the design has such big inherent flaws that you can’t physically do so. For instance, the Bulldozer architecture AMD released in 2011 performed worse than their own previous-generation Phenom II architecture \[6\], leading to near-bankruptcy of the company, due to the flawed design of maximising core counts from a belief that multi-threaded performance was the future; while having the processor cores shares caches and FPUs, massively reducing the multi-threaded performance of the architecture. Intel finds themselves in a similar situation today. Their design choices made back in 2013 mean that it is impossible to mass produce 10nm high core count chips. This would’ve been fine if their monopoly continued and the mainstream continued to have 4 core, 8 threaded CPUs. Indeed, they are producing Ice Lake laptop CPUs today that have 4 cores. However, the resurgence of AMD with their high core count capable Zen architecture meant that Intel were forced into raising their own core counts to compete – there has been a doubling of core counts across their entire product stack, which is fine on 14nm with its’ double patterning, but not so much on 10nm. The limitations of 10nm mean that current generation chips at the same price point from Intel have 14nm massively outperforming 10nm, with the higher core counts outweighing any density improvements that 10nm brings. Similarly, leaks for the upcoming 10nm Alder Lake desktop and Ice Lake Xeon chips suggest that the maximum number of cores on 10nm,28, will be 33-50% lower than those from 14nm \[7\] – not to mention AMD’s offerings which top out at 2.3x the core count at half the price.\[8\] The persistent lack of chips on 10nm that can outperform their predecessors, despite us now technically being on ‘10nm+++’, suggests that there is a fundamental barrier in the technology that no amount of delays and extra engineering can get past. 10nm is rotten from the very first steps taken. + +**7nm and beyond** + +So now we’ve established just how much of a disaster Intel’s 10nm process is, what about 7nm? It should be better right? After all, its’ built on the superior EUV, rather than SAQP. The market obviously expects it to be Intel’s saviour, given the massive drop in Intel share price was widely attributed to the ‘6 month delay’ in 7nm rollout. While I don’t have nearly as much solid information to go on compared to 10nm, I just want to note a few things. The exact words Bob Swan used in the Q2 call were ‘we are seeing a 6 month shift in 7nm… 12 months behind our internal target… we have identified a defect mode that resulted in yield degradation’. + +There’s quite a lot to break down here. Many people, including analysts on the call, were confused by how 7nm could be both 6 and 12 months behind target at the same time. Have Intel achieved quantum tunnelling of time? The truth is that Bob’s claim of a ‘buffer in planning process’ as the reason, while technically true, is incredibly misleading. In any typical launch of a new process node, you spend a few months getting up to speed – running the foundry through the whole process, troubleshooting, using the produced chips as prototypes to send to OEM partners for them to design products around, etc. You don’t sell the chips produced to anyone. Industry standard is to call this period a tape-out, not a launch of a new process – that’s when you actually produce chips that you sell to people. Bob’s comment translated is that the process is delayed by 12 months, but they’re going to breach industry standard and ‘launch’ 7nm when the first fabs start spinning up 6 months before they have chips in any volume. Sound ridiculous? Well, Intel did the exact same thing with 10nm. Faced with mounting pressure over the constant delays, Intel ‘launched’ Cannon Lake in May 2018. There was 1 CPU in the whole generation, a dual core processor with a clock speed of 2.2Ghz that was slower than the i3-3250 released in 2013 for $20 less than the 10nm part. Not to mention it was nigh on impossible to actually buy one.\[9\] Cannon Lake was an incredibly obvious paper launch, released to appease investors at a time where Intel had just started up its fabs. Ice Lake, the first 10nm architecture you could actually buy (in limited quantities) shipped in September 2019, more than a year after Cannon Lake ‘launched’. This ‘6-month’ delay is nothing more than an attempt to sweetcoat a 12 month delay (assuming no further delays). + +The second part of the comment, relating to a ‘defect mode’, is just as interesting as the first. Intel are attempting to use GaaFeT technology for their 7nm process, though there's conflicting information suggesting they might move away from this if it proves to be too difficult. \[10\] GaaFet, or Gates-all-around-Field-effect-Transistor, is a new and unproven transistor technology that should overcome the technical difficulties current transistor technologies face at increasingly smaller sizes. Unlike normal process shrinks, this is going to a completely new type of transistor and we only have one other comparable in history – the transistor to a 3D FinFeT technology a few years ago. With FinFet, the research process from having a ‘working prototype’ demonstrating commercialisation potential took 8 years. \[11\] Meanwhile, the equivalent demonstration with GaaFeT took place 3 years ago. + +\[12\] While FinFeT and GaaFeT are different beasts, it is undeniable that the plans from Intel, and indeed all other foundries, are incredibly ambitious. The latest leaks suggest that the ‘defect mode’ Intel have ran into has to do with their GaaFeT implementation. If this is true, you could easily see 7nm being just as much of a disaster as 10nm is. + +Beyond 7nm, there are some positives to be [found.](http://found.as/) As we get even smaller transistors, it will be necessary for both EUV and patterning to occur. It's likely that Intel will have an advantage in this area compared to competitors due to their experience with 10nm. At the same time, they are actively exploring chipletbased designs. They might have been late in realising the benefits, but they've finally come around with their EMIB, Foveros and big.Little technologies, all of which I'll explore in a future blog post. + +**Conclusion** + +I’ll leave it to you to decide what the financial implications of these deductions are for Intel, but suffice it to say the baseline scenario is far worse than what many people envision. There is no doubt that Intel will recover from this fiasco, but at what cost? Will it require yet another management reshuffle? Following in the footsteps of AMD, outsourcing production fully and writing off its’ own fabs? Acknowledgement that they will no longer be able to extract incredible margins from their monopolistic position? + +References + +\[1\] [http://www.lithoguru.com/scientist/lithobasics.html](http://www.lithoguru.com/scientist/lithobasics.html) + +\[2\][Dennard, R., Gaensslen, F., Hwa-Nien Yu, Rideout, V., Bassous, E. and Leblanc, A., 1999. Design Of Ion-implanted MOSFET's with Very Small Physical Dimensions. *IEEE Journal of Solid-State Circuits.*, 87(4), pp.668-678.](https://web.ece.ucsb.edu/courses/ECE225/225_W07Banerjee/reference/Dennard.pdf) + +[\[3\]2019 Intel Investor Meeting Presentation, slide 9](https://s21.q4cdn.com/600692695/files/doc_presentations/2019/05/2019-Intel-Investor-Meeting-Renduchintala.pdf) + +\[4\][TSMC PR release, 10/2019](https://www.tsmc.com/tsmcdotcom/PRListingNewsArchivesAction.do?action=detail&newsid=THHIHIPGTH&language=E) + +\[5\][https://www.anandtech.com/show/15385/intels-confusing-messaging-is-comet-lake-better-than-ice-lake](https://www.anandtech.com/show/15385/intels-confusing-messaging-is-comet-lake-better-than-ice-lake) + +\[6\][https://www.techspot.com/review/452-amd-bulldozer-fx-cpus/page13.html](https://www.techspot.com/review/452-amd-bulldozer-fx-cpus/page13.html) + +[\[7\]https://wccftech.com/intel-10nm-ice-lake-sp-xeon-cpu-28-core-56-thread-cpu-benchmarks-leak/](https://wccftech.com/intel-10nm-ice-lake-sp-xeon-cpu-28-core-56-thread-cpu-benchmarks-leak/) + +[\[8\]https://www.amd.com/en/products/cpu/amd-epyc-7742](https://www.amd.com/en/products/cpu/amd-epyc-7742) + +[\[9\]https://www.anandtech.com/show/13405/intel-10nm-cannon-lake-and-core-i3-8121u-deep-dive-review](https://www.anandtech.com/show/13405/intel-10nm-cannon-lake-and-core-i3-8121u-deep-dive-review) + +[\[10\]https://twitter.com/chiakokhua/status/1288402693770231809](https://twitter.com/chiakokhua/status/1288402693770231809) + +[\[11\]https://en.wikipedia.org/wiki/FinFET](https://en.wikipedia.org/wiki/FinFET) + +\[12\][https://www.researchgate.net/publication/319035460\_Stacked\_nanosheet\_gate-all-around\_transistor\_to\_enable\_scaling\_beyond\_FinFET](https://www.researchgate.net/publication/319035460_Stacked_nanosheet_gate-all-around_transistor_to_enable_scaling_beyond_FinFET) +Back in March my 99 Ford exploder needed a $200 repair. I’d just made $100 in repairs the month before and $75 the month before that. Generally I see advice to buy a new car if your old one starts costing as much to repair each month as a car payment. I started shopping around for financing options and didn’t like what I was seeing. If I financed through my bank for example, they would require the financed amount to be $7,000 minimum on a car 4 years old or newer with less than 100,000 miles. APY would be ~18%. Since I’d need to also get comprehensive insurance coverage, the minimum payment I was looking at was around $170/mo for 72mos if I met the bare minimum requirements for financing with my bank and upping my insurance, including a $3,000 down payment. + +I bit the bullet and repaired my car. I didn’t want to take on the credit hit nor the financial responsibility. My salary isn’t great right now and that’s a lot of money. But I know in 5 years, my salary and credit will be better and I could afford a bigger down payment. + +Since March, I’ve put $150 away each month that would’ve been the difference in my current insurance and no car payment and the cost of getting the new car. + +This has done a few things for me. + +(1) more savings. If I suddenly need to make a large repair or afford a new car, I have more money to make the repair or down payment with. My old gal hasn’t needed a single repair since then, thankfully. I’ve put the money into stable ETFs with a 5 year time horizon and have actually made an average 9% return. + +(2) I now know I could have afforded that payment, which is a huge peace of mind if I have to soon. I feel like the decision would have been less impulsive. + +(3) I avoided the used car price surge. It was crazy to see used cars I was looking at a couple months before increase in price by ~20%. We don’t know how long this used car inflation rate will last, but at least it’s something I can spectate rather than experience. + +(4) I’ve actually managed to raise my credit the last few months by almost 50 points. I also have enough room financially and credit wise to take an international trip using a travel credit card and earning a $500 value travel bonus. + + +In 5 years, I should be able to afford a $13,000 car completely out of pocket rather than a $7,000 financed car with more insurance costs. + +If any of you are considering buying a new car, I’d recommend weighing your pros and cons carefully and on a long-term basis! + + + + + + + + +*Edit/update* + +My post was removed temporarily, but I got it reapproved. Thank you all so much for your encouragement and feedback! This is the most attention I’ve ever gotten on a post. + +Just to address a couple things I see mentioned a lot: +I’m 24 and a semi-recent college graduate, so my credit wasn’t too hot back in March. I’ve done a lot of work to increase my credit so drastically in the last 6months. I know that my old gal might not make it another 5 years, but at least if I have to get a new car in the next 2 years, I’ll have better credit for a better interest rate, hopefully these inflation costs will have gone down a little, and I’ll have more funds for a down payment. I’ll definitely be looking into credit unions for financing if I need to finance! + +Some of you are also rightfully concerned that I’m putting the funds in the market. Although it’s a stable EFT, I know there are risks; however, I have a separate emergency fund and if my 5 year time horizon isn’t met and I’m not able to liquidate, I have emergency funds to tap into. This was also a risk I took into consideration and why I went for a low-risk conservative investment option. + +I also see some people are concerned for my safety with driving a 23 year old car. That’s a risk I weighed, and bc I only drive a few miles to work at under 55mph limits, it was a risk I accepted. That’s not the same for everyone, and something important for you to consider with your own lifestyle when considering getting another car. + +Here are the repairs I needed to make, since some of you were curious: new brake pads for front wheels, front passenger rotor and rim, and a battery. My dad and I were able to fix these without a trip to the mechanic. That might not be a feasible option for everyone if not mechanically inclined and definitely would have costed more if I did visit a mechanic. The only other maintenance I anticipate in the short term is replacing 3 of the tires and getting an oil change, which might cost around another $300 but it would be worth it to not have a car payment imo. +Currently, I rent out a condo for $1600 a month. Monthly expenses are: +Mortgage - $695 +Strata Fee - $250 +Property Tax - $100 +Insurance - $40 +Rental Management - $70 +So each month I will net $445 and about $400 from the mortgage payments go to the principle. + +If I sell the condo, after fees, loans, etc., I will net $200k. + +Should I sell the condo and use the 200k for a diversified portfolio that pays 8.5% dividends to receive $1417 a month? Or keep the condo and keep renting it out? + +My goal is to have a good monthly cashflow but how would each scenario look like in the long term? + +Edit: when I said diversified portfolio I meant ETFs. +This assumes you didn't take your job with you/are still commuting to London/WFH. + +Thinking of moving west to Bath/Bristol but not sure what kind of hit I should expect on salary. +Am I missing something? Why is this celebrated on twitter? A lot of pages and "personalities" in the crypto space are sharing and praising every single thing [MicroStrategy and Michael Saylor](https://twitter.com/BitcoinMagazine/status/1476544083602649089/media_tags)📷 are doing and for me it absolutely feels like that every single aspect of crypto and BTC is just ignored because of the short-term price action. + +It's so obvious that no one cares about decentralization and/or the reason why BTC was created. This kind of hypocritical behavior is why I'm finding it hard to reason against my friends who are in traditional finance. Really, the only thing getting outside of crypto-space are scams, government FUD and the ridiculous behavior on twitter. + +I really want people to get why crypto is important and what the "mission" is, but it looks like almost every participant is just working against it... +She did not consent to a third party acting on her behalf and is now extremely anxious about the finances involved. She wants to know what options are available to her and if there are any steps she can take in order to receive back this money. + +She is convinced that she did not sign anything or solicit the third party's help whatsoever. + +What can be done? Thanks to everyone in advance. + +The company is called: "Tax Returned" +So for a bit of background, I’m a young farmer on a smaller farm in WA. To cut a long story short, we don’t have enough scale to support the two families we have on the farm now and we’re in a tough area so we often find ourselves away working on other jobs to make ends meet. That’s fine and all but then the farm suffers and things don’t get done properly too so it can be a double edged sword. + +We’ve recently had some decent seasons and we were in a reasonable position to buy a block but land values have practically doubled in 3 or so years so we’re back at a point of un-affordability. + +We’ve also leased a lot of land in the past, but the issue is you have no control. We have been leasing a good farm for the last four years, but now that we’ve had a good season, the neighbour undercut us and payed more for it. It was all done around our back so we had inputs and machinery purchased to carry on, now we’re left in the lurch. + +My question to you fine folks is, could I attract investors to purchase land and lease it to us? The investors risk would be decoupled from farming risk as we’d be doing that part. Leases are typically 5% of land value as well…. + +The thought I had was a private equity raising in to something similar to a REIT so that we can buy the shares in the land asset over a period of time whilst paying a 5% lease from our farming business into it for distributions. Obviously the more of a shareholding we would have, the more of that distribution we could get back and invest back into it again so long as investors within we’re willing to sell. The issue with that would be the cost of raising through a firm. I’m open to any suggestions. I’m not looking to get rich, I just want to farm. +I'm currently shopping for new car insurance. For some reason moving house about 5minutes away made my insurance go up $11 a fortnight and they couldn't give me a reason as to why over the phone. Hence the quote shopping. + +Ok here's the tricky part, when inputting data for a new quote a provider will ask you who your most previous insurer was, I then finish up and see the resulted quote. I don't like it. I go back and change one field; the most previous insurer field. I did this a few times and by trial and error this changes my quote just over $200 p.a depending on which previous insurer I select. What a sham. + +And now for my question. In the duty of care to not make a misrepresentation section It harps on about answering questions truthfully blah blah. Could they actually use someone incorrectly filling out the most previous insurer field as a reason to reject a claim when it comes down to it? + +It literally changes nothing, but I assume, knowing who my previous insurer was allows you to give me a quote that is the maximum you think I'll pay whilst ensuring it is cheaper than my current insurer. + +- Thoughts? +- Any idea where I can get the decent comprehensive insurance, without overpaying these sham insurers? +For context you can get 2.87% in Ubank for at call, even the best term deposit rates for periods under 3 years are well under that, I know people get discretionary rates above official rates but that's at best .2% or so. Who opens these accounts? I get that people out of laziness accept low interest rates, but who actively opens an account with such shit return? + + +*but there's a risk that interest rates will fall* - inflation could also rise and wipe out your real return below zero, it's not like there's very far your investment return can fall from ~2.5%. Interest rates could also go up. + + +*term deposits are usually for longer terms* - if you're happy locking your money away for several years that's starting to make stuff like index funds look smarter, plus the risks for TDs I mentioend above. + + +I literally cannot rationalise someone opening these products. +Is it more worthwhile to overpay my mortgage regularly or save up to pay off in 1 lump sum towards the end of my fixed term? + +&#x200B; + +5 year fix - ends Jan 2024 - 2.59% interest - £95k capital to pay, about 88% current LTV - £353pm + +I'm only saving around £50 a month to overpay - right now it's £1,100. Estimated by end of fixed term to be about £3,500 . + +My savings account is just a Marcus so I'm assuming that paying off each month/regularly and saving the 2.5% interest over the 1.5% savings would be better? + + +Hi all, thought I would reach out to the infinite wisdom that is reddit for some thoughts! + +I am a Sales Mgr in a UK Tech company with 5 years experience in the industry. Have a great relationship with everyone in a relatively small team; but challenges have been that the product is still trying to find its own in the market. My boss (who is now leaving) and I have been working to change this since 2018. + +As the Head of Sales is a friend as well as a colleague, he confided in me that he received an offer elsewhere - bigger pay, bigger responsibility & better product - a competitor essentially; and will be jumping ship. No one else knows yet. + +I am coming up to the 2 year mark in a few months, and unless sales really start picking up, I too was considering exploring other options. My aim was to reach the 2 year mark for CV reasons as don't want to be seen as job hopping. + +As the team is small, I would be the obvious next in line for the Head role, but there are a few scenarios here: + +\*They might not think I have the experience and hire someone else. + +\*They might offer me the role, but try and negotiate on the salary/bonus side, due to less experience. (again, I know how much the Head of Sales is currently earning exacty -they don't know I know...) + +\*They might try and retain me by increasing pay in current position, but not giving me the role. + +\*They get someone else in and tell me to suck it(!) + +Qs. + +Has anyone been in a similar position before? + +What would your advice be on how to play this to make the best of the opportunity? + +Much appreciated guys and thanks for the support. +That's really all - to u/earthysoup and his successor, u/johnwithcheese, hope you're well. + +I'll paraphrase a comment I made on another thread for the character limit - I think it would be ideal if folks would focus less on things they can't control, and more on those they can. You can't force financial institutions to cover their short positions. You can't force self regulated organizations or the government agencies to take action. You can't control Ryan Cohen's twitter account. You can't control GameStop's investor relations department. You can't control the devs behind Loopring or Ethereum. + +BUT. You can control who has direct ownership of your shares. You can decide the price at which you'd be comfortable selling your shares, and when. You can control how much of your shopping is done at GameStop rather than other retailers. You can share DD with family and friends, so they may evaluate GME as an investment. + +EDIT: I've been informed u/earthysoup was the OG sideway trading guy. Edited the post to include his name. +I don't regret telling them, they're very supportive and I enjoying sharing things about my life with them. But they said it was impossible - and probably think I'm a bit crazy. + +I want to send them something short and sweet that introduces them to FI and explains why retiring at age 45 is actually very achievable (if you're committed and start early). + +Thanks! + +PS - my parents are the only people I'm planning to share my FIRE plans with. + +Update: I'm not going to follow up with anything, unless they ask. If they do, I'm just going to talk about my own numbers/experiences. Thanks for all the great advice. +High Tide (OTCQB:HITIF) acquired Toronto, Ontario based retail cannabis store, Canna Cabana, for ~$4M (paid in cash) and also High Tide assumed the company's loan to open and build the Toronto Store, saving itself $2.3M+ of dilution and cash. +Until date, High Tide has earned $1M+ in royalties from the Toronto store. + +The company acquired all of the shares of a company owned by the original holder of the cannabis retail store; High Tide and the vendor agreed to reduce the original purchase price, agreed in March 2019, which was to be partially paid in shares at a deemed price of $0.48. + +"We remain focused on increasing our retail footprint in Ontario, Canada's largest cannabis market," president & CEO Raj Grover commented. + +https://seekingalpha.com/news/3687642-high-tide-acquires-ontario-licensed-cannabis-retail-store-canna-cabana?mail_subject=hitif-high-tide-acquires-ontario-licensed-cannabis-retail-store-canna-cabana&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha +Although I don't have the kind of money alot in this sub have, I have fairly low costs and save £500-£700 a month + +I'm 32 now, and I've never had anything on credit or finance so always thought I was living within my means throughout my 20s + +While that was true, I saved nothing each month. My first 'proper' job in 2013 I was making £17k and it seemed like a fortune, but still I never saved. As long as my bank account never went below 0 I was happy, even if I only had a tenner left, which was often the case. The idea of an emergency fund or savings was alien. If you're earning it, why not spend it? As long as you don't go into debt it's fine. + +I've got an extremely vivid memory of seeing a colleague and friend at the weekend in town and going to the guitar shops. We both worked the same job on the same wage and had roughly the same outgoings, although he was 4 years older than me. We went into a guitar shop as he was thinking of getting a guitar and amp to learn with. I went along just to look as I had about £50 in the bank at the time. + +An hour later he walks out having spent £800 on a Fender Strat, amp and assorted bits and bobs. + +I can remember walking back to the car with him amazed that someone doing the same job as me could just buy a luxury item like that. + +From then on I started to save. £50 a month, then £100 etc, always making sure to think before I bought anything. Maybe sleep on it for a day. + +7 years later I'm earning £10k more but from that lightbulb moment onwards I've saved something every month and actually enjoy seeing how much I can save! It's as if I enjoy saving more than I do spending these days, and it all stemmed from that lightbulb moment. + +So, what was yours? +My few cents to this topic, since PayPal will do it anyway sooner or later. + +EDIT + +Based on the comments: + +* **Coinbase** +* **BitPay** +* **Circle** +* **Ripple** +* **Google** +* **bitreserve** +* **Venmo** (belongs to Braintree -> PayPal) +* **We are the next PayPal** +* **Dwolla** (was a hot candidate) +* **Stripe** (in the pipeline) + + + + +Most of the experienced traders I’ve learned from have said that it takes at least a year or two (if not more) to reach consistent profitability. One in particular (Day Trading Addict on YouTube) said it took him eight. I know many of us can’t imagine it taking that long, but at what point can we honestly decide “this isn’t something I should be doing”? What are the signs that we need to look out for? + +I’m in year two, and I’ve been pretty open about my struggles, which run far deeper than strategy and sizing (won’t get into all the details again). I’m not considering walking away permanently any time soon, but I also know that this isn’t a profession that everyone can make it in. Factors beyond the market can make it impossible to find consistency for many people who try it. +I saw a doctor via Zoom back in October, through One Medical. They initially billed me $175 out of pocket, as I had just lost my job and was still getting COBRA set up. I paid the $175 at that time. Now, they’ve gone back and billed my insurance $540 (!!!) for that visit (which all fell under deductible, unfortunately) and are expecting me to pay the difference between what I paid before and what insurance allows now, so almost $300 on top of what I already paid. + +Are they allowed to charge me one price and then go back and charge more later? I have the initial itemized bill, and it didn’t mention anything about a cash/out of pocket/early payment discount, just the single cost of $175. I'm frustrated by their insanely high cost for a doctor's visit and feel like I've been bait-and-switched. Didn't expect this from One Medical. +I'm a crypto YouTuber, and content writer, but before you start throwing rocks at me and call me a shill, I teach people how to build and test cryptocurrency trading algorithms as a means of automating their trading strategies, or simply to experiment with algo trading in a safe, testing environment. + +Some of you may have seen my previous posts, where I open source entire projects and share them with the community if I feel like they could add value to you guys. I like doing it and it makes feel good that you guys appreciate the content so much. + +Because everything that I build is open source and available for everyone, the only way that I've been able to monetise my passion is by becoming a YouTube partner, and monetising my videos. + +I don't make a huge amount, but enough to keep me hopeful that one day, it will grow and actually make a difference. + +Here's a video I just made explaining the whole thing in more detail. I'm also using that video to raise awareness against the corrupted mess that is YouTube so if you feel like helping, feel free to share this video with other people who might not understand just how destructive these corporations are for the freedom of our Internet: [**https://youtu.be/VRJXvJnUWV8**](https://youtu.be/VRJXvJnUWV8) + +I've recently received an e-mail from Google telling me that my Adsense account has been cancelled. For those that don't know, without an adsense account, you can't get paid by YouTube. So while I'm still technically in the YouTube Partners Program, I will never be able to see any income from it. + +They haven't sent a warning, started in investigation, or asked me anything prior to that. This is literally all the information that they have given me: + +&#x200B; + +https://preview.redd.it/sba6q2jv3xb81.png?width=629&format=png&auto=webp&s=882822e4b75bd9d9ec128a6bb63f393a91c916ce + +I have appealed this decision, and got back a dry response, saying that my adsense account will not be re-instated. + +I know I'm not the first, and sadly won't be the last crypto YouTuber to be cancelled by google without any prior explanation. + +I've spent hours reading their terms and conditions, and it doesn't seem that Google was ever in the right with this, making this a breach of contract. + +I was always for the idea of a decentralised internet and social media, but I never realised before how much we need it, and how valuable freedom and justice truly are as given by the blockchain and decentralisation. + +I hope that my experience has given you the extra fuel you needed to want to search for alternative decentralised solutions in favour of the established tech giants who don't care about anything but their own obscene profits. + +&#x200B; + +**EDIT:** + +**For those wanting to see proof of demonetisation and that there is no invalid traffic coming into my youtube channel:** + +&#x200B; + +https://preview.redd.it/gt461bl0bxb81.png?width=398&format=png&auto=webp&s=f749caec3e9c4ecf7e61124f82f7887c714d6c8e + +And here are the analytics for the period that my monetisation started, showing no artificial or fraudulent traffic: + +&#x200B; + +https://preview.redd.it/qg4owscgbxb81.png?width=909&format=png&auto=webp&s=bc86426b9765ae1b200de72fbb75a8f2af49a7af + +And here are more analytics explaining this traffic: + +&#x200B; + +https://preview.redd.it/ojvf749mbxb81.png?width=1125&format=png&auto=webp&s=ad79ef279207be857b1ff22081f1f10f3e19c967 +This is something that has been irking me for quite a while now. + +I have friends that I've told about Bitcoin to back in 2013 who only recently became involved because I had to tell them ***again*** that Bitcoin can be split down to 8 decimals places, ***and in turn, bought for sub-$10.*** + +Sometimes just saying "divided 8 decimal places" doesn't actually ring a bell in their heads, many need to be spoon-fed the concept. + +One of them set up a weekly buy of $25 the next day... + +There is a huge group of people who genuinely have a mild *(but enough to invest)* interest in this space that simply just don't know this. + +The [**top thread**](https://www.reddit.com/r/Bitcoin/comments/6igopz/spurring_a_lot_of_conversations_with_this_one/) currently on this subreddit only reiterates my point even further. + +***People just don't know.*** + +Some wallets have the feature but exchanges don't do anything to help support this. Price is displayed across the board in BTC and ***BTC only.*** A feature within a settings menu doesn't help anyone who isn't already informed. ***We need it displayed on your front pages.*** + +[**We need media outlets referencing milli-BTC in their headlines.**](http://i.imgur.com/9UU7j9K.jpg) + +I got involved in this space ***because of the price.*** Now I tend to look down on those who are only concerned about the day to day price movements, but how can I really be that hypocritical when I was once them and only learned more after being lured in the same way they are? + +How can you expect the community to grow as a whole without every facet of this community growing in proportion? You don't get long term holders and node runners without and influx of short term newbies open to trying to understand what all this hype is about. If the first thing they see and think is "That cost way too much for me to afford right now", ***we are going to stall until this change from within the community is made.*** + +From outside the box, this change is inevitable. Any outside (omnispective) observer would say "riiiiiiiiiight about....***here*** *(points finger on the timeline)* , is when you'll see that shift", but we're inside the box, so let's get this ball rolling. + +If you want to use bits (uBTC), be my guest. I'd rather start with something tangible. + +***$2.68 is tangible.*** + +Next Bitcoin roller coaster thread I see better say "mBTC $3.xx!" + +If you mess up I'll be making the corrected re-post. + + +Right now nearly every bank and finance company is running offers to move peoples payments to the back of their loan. While this seems on the surface to be a nice gesture, it is not. + + +Each of the offers made if used, are charging more interest on the same loan. The only winner is them. I get it if there is no money in the bank and you are hungry, do what you have to do. But if all possible pay the bills if you can. + + +While this seems rather basic for many I have already talked to some folks that thought their banks were suddenly nice guys.... +The consequences cannot be estimated based on any previous milestone. The product/market of Ethereum fit is just about to be realized in a practical way on a massive scale. Some of the biggest names across all industries are on board with many more to come. Time for the visionaries to start reaping the rewards. + +In one word: **unprecedented**. +**EDIT: Added some based on comments from others** + +Ask the following questions: + +1. Do they have a prototype and/or code? +2. Do they have more social media posts about their crowdsale than their idea/technical progress? +3. Where do the funds collected in the crowdsale go? An individual, a multi-sig, or a contract? +4. Is there a breakdown of what the funds will go towards and how they are budgeted? +5. Who are the people involved? Are they well known in the community or otherwise have a reputation? (IMPORTANT: Advisors usually don't count. Look at the founders.) +6. Are they building a community around their idea? +7. Is their idea worth investing in? +8. Are you able to contact the project team through Gitter, Slack, email, or other channels? ([/u/PurpleHamster](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwfpoe/)) +9. Is there a visible public positive relationship between team members? You can usually look to public Gitter or Slack channels for indications of this. ([/u/PurpleHamster](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwfpoe/)) +10. Are they using a lot of buzzwords? ([/u/PurpleHamster](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwfpoe/)) +11. How well can the developers and co-founders explain their project in plain English? ([/u/PurpleHamster](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwfpoe/)) +12. Do searches on their personal and professional background show any red flags? Do they show any information at all or does it seem hidden? ([/u/TXTCLA55](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwmn9l/)) +13. Is the use case they are presenting generic or vague? ([/u/cryptopascal](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwg0ll/)) +14. Do they have a user base or a plan to attract a user base beyond claiming that it will work because of "network effects" or the "obvious enhancements it provides the users"? ([/u/cryptopascal](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwg0ll/)) +15. Can you understand at a conceptual level, not necessarily a technical level, what they are trying to accomplish? ([/u/cryptopascal](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwg0ll/)) + +Disclaimer: I am writing this on behalf of myself and not on behalf of any of my employers. +Remember that whole don’t dance thing? I keep seeing comments about people showing up to citadel once they go under. Would it be funny? Yes but millions of innocent people are going to be affected by this. Michael burry sent out a warning saying what WE are doing is grossly irresponsible. Not what hedge funds were doing. Us. We will be blamed for shining a light on the cock roaches and the grossly unfair market manipulation. You know who owns the SEC and DTTC after this goes down? People that will have grossly benefitted from this like Blackrock. You think they’ll still “be on our side” once they’re done using us? Fuck no. They will do whatever they can to make sure they can keep pulling strings for themselves to benefit from a fucked up market once this is over. The media will be showing apes dancing in ape costumes in front of the citadel building while millions of people just lost their retirement. Maybe for a second time. Don’t. Fucking. Dance. + +Edit: lot of people calling the “dont dance” comment cringe. That’s fine. It’s simply a way of saying to remember what this actually means for a lot of people. Keep perspective. Yeah I’ll be happy that a lot of money has been taken out of greedy hedge fuck hands. But it’s taken a lot of hard working innocent people’s money too. +I've managed to save money for the first time in my life (just stopped spending as much during the pandemic) and have built up a nice little egg (bout $50K) which is just being kept in a savings account. I've heard this means I'm losing money because of inflation (which makes me feel like a fool getting excited over $50 interest every month . . . I am a low earner hahah so even $50 excites me). My savings won't be growing as much as it has any time soon because I lost my main job so now it's just sitting there getting $20 deposited a month so ING still pays the interest. + +I come from a poor family and am pretty financially illiterate so I have no clue what to do with this savings. Is there an alternative method where I can just pop most of this money in and then forget about it for a few years and let it grow? Any leads or tips would be great. + +I'm not very smart when it comes to money or numbers but I'm starting to feel embarrassed over leaving that money in the bank. Help? + +EDIT: Would also love it if anyone knows any organisations that can help work out this sort of financial stuff either cheap or free . . . I'm Indigenous and have a disability, and I know there are orgs out there that help with other stuff for the disadvantaged but have never really seen anything about teaching financial literacy. +At the moment I only have $5k cash to put towards a new position, my top 3 bank picks are NA, RY, TD. Now I know with ZEB I get access all 6 with the same $5k. Would it be more effective to take a $5k position in one bank and start DCA’ing into the other 2 or just put the $5k into ZEB, build up that position over the next year or so and then sell it and re-allocate into individual banks or possibly keep it if it performs the way I’d like? +Hi, please forgive my ignorance on the topic. I just accepted a new job and it is my first career that offers a 401k with company match. + +It is written “XYZ Company matches your contributions with $.50 for every $1 you contribute, up to 8%. You are 100% vested in your company match after three years of service.” + +Can someone please eli5? What does this mean, and should I invest more than 8%? I really don’t have any idea what a 401k is besides that it’s a retirement account. + +Thank you in advance for answering my very childish question…hah! + + +This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. +The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information that has not been made public. So for example if there are drug trial results that are bad and not public, insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good track record at timing their purchases. + +## Largest Insider Buying (Last 7 Days) +Company|Count|Direct Changed|Indirect Changed|Total Changed +--------|-----:|-----:|-----:|--------: +[AKCA / Akcea Therapeutics Inc.](https://fintel.io/n/us/akca)|1|18,666,666|0|18,666,666 +[EYEG / Eyegate Pharmaceuticals Inc.](https://fintel.io/n/us/eyeg)|5|13,358,198|0|13,358,198 +[PRLX / Parallax Health Sciences Inc.](https://fintel.io/n/us/prlx)|4|8,500,000|0|8,500,000 +[VRML / Vermillion, Inc.](https://fintel.io/n/us/vrml)|2|0|4,945,864|4,945,864 +[MATN / Mateon Therapeutics, Inc.](https://fintel.io/n/us/matn)|3|1,125,000|0|1,125,000 +[ETM / Entercom Communications Corp.](https://fintel.io/n/us/etm)|2|431,838|0|431,838 +[VSI / Vitamin Shoppe, Inc.](https://fintel.io/n/us/vsi)|1|0|156,142|156,142 +[CERC / Cerecor Inc.](https://fintel.io/n/us/cerc)|1|150,000|0|150,000 +[LGCY / Legacy Reserves LP](https://fintel.io/n/us/lgcy)|1|119,815|0|119,815 +[OPK / Opko Health, Inc.](https://fintel.io/n/us/opk)|5|0|115,000|115,000 +[JILL / J. Jill, Inc.](https://fintel.io/n/us/jill)|1|0|100,000|100,000 +[PDVW / pdvWireless, Inc.](https://fintel.io/n/us/pdvw)|2|0|98,100|98,100 +[CIK / Credit Suisse Asset Management Income Fund, Inc.](https://fintel.io/n/us/cik)|2|92,162|0|92,162 +[TDF / Templeton Dragon Fund, Inc.](https://fintel.io/n/us/tdf)|4|0|87,629|87,629 +[ESCC / Evans &amp; Sutherland Computer Corp.](https://fintel.io/n/us/escc)|1|0|60,008|60,008 +[LLEX / Lilis Energy, Inc.](https://fintel.io/n/us/llex)|1|0|60,000|60,000 +[DEX / Delaware Enhanced Global Dividend &amp; Income Fund](https://fintel.io/n/us/dex)|1|0|55,510|55,510 + +## Largest Insider Selling (Last 7 Days) +Company|Count|Direct Changed|Indirect Changed|Total Changed +--------|-----:|-----:|-----:|--------: +[HLT / Hilton Worldwide Holdings Inc.](https://fintel.io/n/us/hlt)|1|0|-66,000,000|-66,000,000 +[QPAC / Quinpario Acquisition Corp. 2](https://fintel.io/n/us/qpac)|2|-14,000,000|-7,000,000|-21,000,000 +[ARQL / ArQule, Inc.](https://fintel.io/n/us/arql)|1|-2,230,373|0|-2,230,373 +[DSU / BlackRock Debt Strategies Fund, Inc.](https://fintel.io/n/us/dsu)|1|0|-1,994,256|-1,994,256 +[OZM / OCH-Ziff Capital Management Group LLC](https://fintel.io/n/us/ozm)|3|-850,709|0|-850,709 +[PNTV / Players Network](https://fintel.io/n/us/pntv)|1|-600,000|0|-600,000 +[VG / Vonage Holdings Corp.](https://fintel.io/n/us/vg)|1|0|-500,000|-500,000 +[NYT / New York Times Co.](https://fintel.io/n/us/nyt)|2|-460,000|0|-460,000 +[HEAR / Turtle Beach Corporation](https://fintel.io/n/us/hear)|2|-330,128|0|-330,128 +[TPIC / TPI Composites, Inc.](https://fintel.io/n/us/tpic)|1|0|-304,180|-304,180 +[ALSN / Allison Transmission Holdings, Inc.](https://fintel.io/n/us/alsn)|1|0|-266,228|-266,228 +[QNST / QuinStreet, Inc.](https://fintel.io/n/us/qnst)|1|-4,334|-225,384|-229,718 +[MRKT / Markit Ltd.](https://fintel.io/n/us/mrkt)|3|-220,000|0|-220,000 +[TTGT / TechTarget, Inc.](https://fintel.io/n/us/ttgt)|4|-22,000|-180,000|-202,000 +[K / Kellogg Co.](https://fintel.io/n/us/k)|1|-200,000|0|-200,000 +[FB / Facebook, Inc.](https://fintel.io/n/us/fb)|3|0|-181,250|-181,250 +[DSNY / Destiny Media Technologies, Inc.](https://fintel.io/n/us/dsny)|1|-177,149|0|-177,149 +[URBN / Urban Outfitters, Inc.](https://fintel.io/n/us/urbn)|3|-147,319|0|-147,319 +[NATI / National Instruments Corp.](https://fintel.io/n/us/nati)|3|-143,100|-1,000|-144,100 +[KIDS / OrthoPediatrics Corp.](https://fintel.io/n/us/kids)|5|-131,557|0|-131,557 +[GRMN / Garmin Ltd.](https://fintel.io/n/us/grmn)|1|-111,457|0|-111,457 + +*Count* column is number of transactions. *Direct Changed* columns are shares bought/sold +that were held *directly* by the reporting person. *Indirect changed* are shares bought/sold +that were *indirectly* held by the reporting person, such as those held by spouses or other family members. + +Source: [Fintel.io/insiders](https://fintel.io/insiders) +A couple of months ago, I needed to call my bank. I called the number on the back of my debit card. + +It sounded like a genuine call. I was greeted by the bank and everything. Except, they were giving me an offer that didn't sound too bad and very believable. The offer was something like this: there is a special going on for a product? for $20. I pay and get a $30 coupon in the mail for trying it out. Something like that. I don't remember. + +I figured, why not give it a shot then? So they ask for my personal information to verify me. And then it dawned on me... maybe this isn't the bank? It sure sounded like my bank, but it just felt off putting. + +I double check the number I called and sure enough, I pressed 1 wrong digit. 1 wrong digit is all it took for me to think that my actual bank answered. I quickly hanged up and redialed to the correct number. + +Who knows how screwed my account would've been if I gave this scammer my bank info. + +Edit: He asked for my social security to verify my account and also wanted my debit card. I didn't give him anything. +**Interesting read for those that still believe in $UBER. Proceed at your own risk.** + + [https://pluralistic.net/2021/08/10/unter/#bezzle-no-more](https://pluralistic.net/2021/08/10/unter/#bezzle-no-more) + +Uber's time is up. + +Uber is a bezzle ("the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it"). Every bezzle ends. +Editing: + +The founders decided to sell a portion of their shares 2 months in advance. +Why would they do such a thing ? Probably they know the stock is overvalued and if they wait for the normal lockup expiry, the stock would have gone below than cureent values. + +Is history gonna repeat itself ? Like GOPROs founders rewarded themselves before the lockup time. The stock reached a peak of around 90 dollars and hasn't recovered since. + +Such a duck move indeed.. +Why are you people a bunch of ducks ??? +My wife died in Nov. 2021. She died of cancer and I was her caretaker. She always took care of the house and the bill and money management. Now that she's gone I know that I need to change everything to my name and disable any accounts linked to her. I have closed some accounts but definitely not close to all of them. I have the copies of the death certificates but everytime I try and get through one account I just can't. I feel like I need to figure things out but I don't even know where to start. It's also so hard to figure out freaking procedures when people die. I keep telling myself I'll handle it later but I know I'm just avoiding it. + + +1. House is in her and i's name +2. Car is in her name +3. Homeowners insurance she's primary +4.she has some retirement accounts out there +5. Also need to close all her CC +6. Utilities in her name +7.electricity in her name +8.solar loan in her name + + +I have access to her accounts but I've just been avoiding doing these things. I don't know what i'm posting this. Any advice that anyone has is appreciated. She didn't have a will. We were legally married( CA) so everything went to me. +Man maybe I’m just an old grump but I can’t help but think all of this Doge coverage is damaging crypto’s future by way of hurting the perception of it as a serious technology. +How will this affect the economy? Will this prevent a recession? Thoughts? + + +https://www.pbs.org/newshour/economy/federal-reserve-to-lend-additional-1-trillion-a-day-to-large-banks +Total cash, cash equivalents and marketable securities of the company as per the latest quarter (in billions of dollars). + +15. Cigna (NYSE:CI) - 10.1 B + +14. Cisco (NASDAQ:CSCO) - 11.8 B + +13. Costco (NASDAQ:COST) - 13.6 B + +12. IBM (NYSE:IBM) - 14.3 B + +11. JPMorgan Chase (NYSE:JPM) - 24.9 B + +10. GM (NYSE:GM) - 29 B + +9. Oracle (NYSE:ORCL) - 43 B + +8. Berkshire Hathaway (NYSE:BRK.A) - 48 B + +7. Ford Motors (NYSE:F) - 50 B + +6. Facebook (NYSE:FB) - 62 B + +5. Alibaba (NYSE:BABA) - 70 B + +4. Amazon (NASDAQ:AMZN) - 84.4 B + +3. Microsoft (NASDAQ:MSFT) - 132 B + +2. Alphabet (NASDAQ:GOOG) - 136.7 B + +1. Apple (NASDAQ:AAPL) - 195.6 B + +Source: https://finance.yahoo.com/news/15-companies-most-cash-reserves-182708211.html +# 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. + +Use an ACAT transfer to move your holdings between brokerages WITHOUT SELLING THEM instead. Please read the post because there are some risks. Robinhood charges a $75 fee to move your account, but they will lose a lot more in actual value from a) not holding our massive bull balls and b) no more trading fees + +[https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/](https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/) + +Edit: a lot of people are asking me for advice, but I am a mere autist. Do your research. It often only takes a few days, but can take up to 2 weeks to transfer accounts, during which time YOU WILL NOT BE ABLE TO SELL THE SHARES, but if you're GME 1000 or GME LONG it shouldn't matter to you. [https://www.nerdwallet.com/article/investing/switch-brokers-move-investments](https://www.nerdwallet.com/article/investing/switch-brokers-move-investments) + +Edit 2: please upvote the least autistic comments. there are people in here who know things. + +Edit 3: consider not going with the crowd and choosing different brokerages. having everyone in robinhood is what got us into this mess + +Edit 4: merged into edit 1 because it was too important to be at 4 + +Edit 5: I am not a financial advisor + +Edit 6: u/ZaphodNYC posted this great link (btw: love the guy, love the city) below that explains the mechanics behind ACAT's [https://www.sec.gov/reportspubs/investor-publications/investorpubsacctxferhtm.html](https://www.sec.gov/reportspubs/investor-publications/investorpubsacctxferhtm.html) + +Edit 7: I just want to say in the interest of full disclosure that I am not holding GME, but I wish you all the best of luck and love. I'm only here because [I love democracy.](https://imgur.com/gallery/VjMx8) If you did want to send a little love my way, my only dog in this race is a few shares of AMC that I'm holding at yesterday's highs. Feel free to throw \*some\* of that silver there instead (but don't be selling GME to do it) + +Edit 8: Once you're done, don't forget to call your new brokerage and tell them NOT TO LOAN YOUR SHARES TO SHORT SELLERS. + +GLHF +NEWS: + GATE.IO LISTING! +🎙SATOSHI CLUB AMA +📈CEX LISTING INCOMING! +LOOKS OUR NEW DASHBOARD PREVIEW! -📹https://www.youtube.com/watch?v=HA0bo8lYTX0 + +Telegram: https://t.me/OlympusOfficial + +Website: https://olympustoken.io/ + +Twitter: https://twitter.com/olympus_token + +---------------------------------------------------------------------------------------------------------------------------------------------------- + +⚡️BTOK OLYMPICS!!!⚡️ + +Contest Summary: BUSD10,000 in prizes (for $OLYMPUS purchases worth at LEAST 10BNB) + +Qualifying Condition: During the 7 days of the Btok Olympics, all buys of $OLYMPUS equal to at least 10BNB in value will award you a ticket entry into this competition to win a huge prize. Any selling of $OLYMPUS during this period will disqualify the wallet from eligibility to win anything. Note that multiple buys award multiple tickets and thus increase your chances of winning the competition. + +🥇Gold Medal: USD5,000 + +🥈Silver Medal: USD3,000 + +🥉Bronze Medal: USD2,000 + +UTC: 2021-07-11 12:00 to 2021-07-18 12:00 +Join our Telegram for full details! + +----------------------------------------------------------------------------------------------------------------------------------------------------- + +💵EARN MONEY HOLDING! + +💵200,000$ IN ADS! / MORE THAN 900,000$ IN BUSD REFLECTION! + +⚡️COINGECKO LISTING IS LIVE! + +⚡️Two public audit! + +----------------------------------------------------------------------------------------------------------------------------------------------------- + +🔥BTOK - AD IS NOW LIVE ON FRONT LOADING PAGE - MOST PREMIUM SPOT + +WIN USD10,000 ACQUIRING 10BNB WORTH OF OLYMPUS AND TAKE PLACE FOR COMPETITION! See below and Join our Telegram link below for full details! + +The Gods themselves are featured on the premium, FRONT loading page of Btok app, the most popular crypto app in China with over 10million user base and 500,000 unique daily logins! + +The ad will run for a full week, 11th July - 18th July and there will be EXTRA SPECIAL announcements and events during this period, also known as the Olympics! + +----------------------------------------------------------------------------------------------------------------------------------------------------- + +HUGE Marketing Blitz - Over USD200,000 paid for: + +🔥 BOGCHARTS V3 BANNER ADS 🔥 + +🔥 POOCOIN ADS 🔥 + +🔥 COINSNIPER & COINHUNT PROMOTED🔥 + +🔥BTOK FRONT PAGE🔥 + +🔥INFLUENCERS🔥 + +----------------------------------------------------------------------------------------------------------------------------------------------------- + +TOKENECONOMICS: + +⚡️ 4-8% BUSD REFLECT + +Yes, you heard that right. BUSD right to your wallet. No staking, just right to your wallet. This is the first of its kind. + +⚡️ 4-8% BUYBACK + +On every transfer 4-8% is taken for Zeus to buy back and burn tokens. This has resulted in a 21% burn IN TWO WEEKS. + +⚡️ 4-8% DINAMIC LIQUIDITY POOL + +Anytime the liquidity percentage is higher than 25%, this tax flows to Zeus as further tribute, making him even stronger. Personally, I think this will be cloned all over BSC. It's brillant. +Here's your chance to hop on to something special that is going parabolic and viral as I'm typing this. I'll just let the chart speak for itself: [https://poocoin.app/tokens/0xa96f3414334F5A0A529ff5d9D8ea95f42147b8C9](https://poocoin.app/tokens/0xa96f3414334F5A0A529ff5d9D8ea95f42147b8C9) + +&#x200B; + +Tokenomics: + +Token: $RISKMOON + +Maximum Supply: 1,000,000,000,000,000 + +Penalty tax fee: 10% + +Redistributed to holders: 10% + +Auto-locked in LP on PancakeSwap: 5% + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xa96f3414334F5A0A529ff5d9D8ea95f42147b8C9](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xa96f3414334F5A0A529ff5d9D8ea95f42147b8C9) + +TG: [u/RISKMOON](https://www.reddit.com/u/RISKMOON/) + +Medium: [https://medium.com/@riskmoonbsc](https://medium.com/@riskmoonbsc) + +Website : [http://riskmoon.com/](http://riskmoon.com/) + +Twitter: [https://twitter.com/RISKMOONBSC](https://twitter.com/RISKMOONBSC) + +Github: [https://github.com/RiskMoonBSC](https://github.com/RiskMoonBSC) + + + +Grab a bag now, hodl and it should go the route of SAFEMOON!!! +With interest rates rising soon, allegedly, this question may become relevant. +Is this correct?: PAY OFF LOAN when interest rate is more than the expected return on ETF minus inflation. INVEST IN ETF when the opposite is true. +What is a good number to use for expected return on ETF? +Assume money will be placed in VDHG (or similar) and not touched for 20 years. Looking for pure $ number (discount emotional effect of having the loan paid off, etc). Thanks! +Hello people of FI, + +A few months ago my mother passed away, leaving an incredibly large and generous will to be distributed among relatives. However, in the will it details that money isn't to be distributed until that person is of a certain age \(35\). I'm nowhere near that age, only having my 26th birthday back in March, my money will be held onto by an executor. The amount is in the realm of 600k\-700k CAD. + +I'm wondering what I should do? The windfall section is helpful to some extent, but addresses more about impulse spending, which I can't really do so I'm reaching out for advise on what I should do on the investment front. The will seemed pretty ambiguous with what the inheritance can be put towards and my aunt sees me as an adult who can make choices independently and is willing to give me as much freedom as legally possible. + +The only option may just be investing, but what should I put it towards? Is there some 10 year program I can dump all my funds into and expect the money to double by 2027? After that 9 year wait, I feel I'll have enough to retire from any stress intensive jobs. What steps can I take to make that happen \(if I choose to\) and what lifestyle choices would you recommend I take in the meantime to not ruin this amazing gift? + +Currently I work full time, make roughly 74k CAD a year and save about $1000 a month. I'm currently 5 months into a relationship, they know that my mother passed but not about the will/extent of the wealth. I have no plans on sharing this information with anyone outside of the immediate family who all already know. +I’m turning 30 in less than 2 months, and my life has fell apart in less than a year. i’m like 70k in debt including student loans. I’m about to ge forced to pay them back since i haven’t been on school a year. + +it started with me taking a leave of absence after i had some crazy things happen to me, now i make around 40k a year but i owe 20k in credit cards , still owe 18k on my car and 18k in loans. + +i’m overwhelmed and don’t know where to start. i gave up my apartment and now things are worse . my minimums were almost 1k a month for the credit cards alone. i do not own any property or anything i just messed up and don’t know what to do cause i’m drowning in debt & living with family to save money but would eventually like to get my own place but can’t even afford an apartment with a roommate right now. + +im tempted to do one of those debt payoff companies (national debt relief) has called me quite a few times. +I dont understand what is going on right now. Im certainly not hoping the market goes deeper than it already did, but it just feel that the worst has past. Market goes back up, energy goes back up. Is the market wearing pink glasses and doesnt realize its in big trouble and that the qorst is yet to come. Whats you feeling about i? +Does anybody know how they calculate payout ratio on the stock? + +I did the calculation for year 2019 and I got 160% + +Net income 382M and total dividend payout is 136M +It's significant. Easy things being impossible and your cieling of possiblity come down. When I was earning good incoming, obstacles didn't matter. Now, my self worth and capabilities seem so miniscule. +On paper, the project has some substance that most other ICOs lack (i.e. an actionable end-goal, unique purpose, and applications). From the whitepaper (https://status.im/whitepaper.pdf), the service is advertised as an "open source messaging platform and mobile interface to interact with +decentralized applications that run on the Ethereum Network." Its goal is to operate as a 'socioeconomic' version of apps such as WeChat, whereby all participants are required to put up a stake in applicable networks and given incentives to promote greater transparency. + +The basis for these proposals is 'The Status' app, which is currently available on Android and iOS. Headline features include the ability to (1) "send and receive encrypted messages, smart contracts, and payments;" (2) "browse, chat, and interact with decentralized applications and decentralized +chatbots;" and (3) "store and control crypto-assets with the built-in Status Wallet." So in essence it's proposed to serve as a blockchain-based messenger, payment system, and digital currency wallet. + +As with most crypto assets, the long-term value of Status hinges upon a lot of uncontrollable factors. Compared with most other ICOs, though, there seems to be more here than just a flashy token giveaway. Potential short-term ROI is appealing, but it's something that I might consider hodling long-term. + +Has anyone else read into the project a bit? Any other input? Also, you need a non-U.S. IP address to participate so if you plan on doing so make sure to use a VPN. EDIT: You only need an intl. IP to view the webpage (in order to obtain the appropriate address to send funds & block number). Sorry if I confused anyone with that. + +EIP-1559 is one of the most important upgrades in Ethereum's history. Its purpose is to improve user experience on #ETH  by changing how transaction fees are estimated and how the network reacts to surges in usage. + +It doesn't lower gas fees in the long run because it's not a scalability improvement. However, it may help users not overpay for transactions due to a better fee estimation process. It also smooths out gas prices between blocks thanks to variable block sizes. + +What everyone is excited about is $ETH burn. After EIP-1559 part of the transaction fee is burned and removed from circulation. But it doesn't mean that ETH immediately becomes a deflationary asset. For that to happen ETH burned must be higher than ETH issued in block rewards. + +Under the current proof-of-work (PoW) model ETH's issuance is quite high (~4% of the total ETH supply annually). To offset this issuance rate by $ETH burn after EIP-1559, we would need ~150 gwei consistently. We have seen this before but it's unlikely to sustain. + +The situation changes dramatically when Ethereum is fully upgraded to proof-of-stake (PoS) consensus algorithm. It will lead to a large drop in ETH issuance rate to ~0.4% annually. This issuance reduction of 90% is equivalent to 3 BTC halvings, hence "triple halving". + +Under the future PoS model transaction fees of ~20 gwei would have to be sustained to offset ETH issuance. This is when $ETH truly becomes a deflationary asset and it's hard to imagine a scenario in which it doesn't happen. + +Summing up: + +- EIP-1559 will burn $ETH but not make it deflationary by default. With PoW only high gas fees can offset high issuance. +- Upgrade to PoS can be referred as "triple halving" due to a large drop in ETH issuance. +- EIP-1559 + PoS = deflationary ETH. +- $ETH = 🦇🔊💰 +* Coinbase launches ETH/EUR (besides ETH/USD) +* Bitstamp launches ETH/USD +* Huobi launches ETH/CNY and ETH/USD +* OKCoin launches ETH/CNY +* Kraken offers ETH/USD and ETH/EUR since 2016 and thus became a big exchange for ETH. +I'm 42, wife is 36, she is expecting a baby in a few months. I started late in my career (was a musician before I went into medicine). By the way we are both in the states. My wife has lived in the states for 16 years (she is a UK citizen). We have been married since 2008. I am making 120k a year, she is making around 60k a year. We both have massive US student loan debt, as well as a ton of other debt/mortgage etc. + +The only reason I mention that I started my career late is that I have some small retirement accounts, probably totaling 100k dollars right now, plus my full time job right now actually has a pension scheme (which as you may know is kind of unheard of in the US). All this being said, my mother passed away recently. There is really nothing holding us to the US anymore. My wife would like to move to England (her family is in Surrey) so that we can be around actual family and the baby can be around family/grandparents. She also wants to go back so she can spend time with her parents who are now in their late 60's. So, in order for us to do this we are going to have to sell our home, and cash out our retirements to pay off our debts in the states so we don't carry that back to the UK. + +I will most likely take a job working with the NHS, making anywhere between 45-50k per annum as a physician associate, and my wife (who is a teacher/librarian by trade) will hopefully make 25-30k per annum. I know this is substantially less money than we make in the US, and it would be like starting over. One of the big benefits is our massive student loan debt payment would basically go to 0.00 dollars a month payment in the US due to the foreign earned income tax credit. Our student loan payments are income based repayments so with the foreign earned income tax credit in the US we would essentially get that to 0.00 dollars. Out other debts would predominately be paid off with cashing things out. + +If this all happens, and we get to the UK, what advice do you have for us. I know this is a bleak picture, but I don't want to keep my wife from being able to be with family in their later years etc. just over money. If I pay into the NHS pension scheme, what else should I do to make sure retirement isn't a disaster? Any other private schemes I should contribute to etc. Again, I know this is a ridiculous scenario, and it is purely based on family. I appreciate your advice, please be kind. +I've always enjoyed spending money, I can usually justify stupid spending habits to myself and seem to just enjoy the process of buying things, and knowing a parcel is arriving etc. + +Since hunting FI and following the rules of "paying myself first" the paying myself has fulfilled my spending urges. I get to feel like I'm spending, when actually I'm just paying myself. With my passive funds it's even better, the feeling of the 'thing' arriving comes from watching my money grow. + +Just wanted to share and hopefully inspire some people that have been browsing this subreddit but feel they enjoy spending money too much. I live more frugally than I could've ever imagined now, it's only since my FI journey I realized it wasn't needing "stuff" that was my problem, it was the feeling of purchasing things to make me happy in some way, and now I'm happier than ever on my FI journey. + +Anybody else encountered something similar? +I am getting more and more jacked by the day about seeing the 'official' DRS number when the next quarterly report comes out. The best part? No number will disappoint. Anything higher than 5M and it shows it is working and only a matter of time before there is no float. Working on a high score that can only go up, and there is a clear finish line to reach. + +In my opinion the higher the number the more incentive and momentum to get to the finish line, as individual investors who just like the stock and want it to be in their own name. + +That is all, back to your regularly scheduled Purple Circle feed. LFG! (All NFA) +I've been doing some 3rd party consulting on the side via the "expert" channels in the post title. At some point I was guided to $550/hr by someone and I've been using that as default for the rest. They're only really ever 45min-1hr phone calls and don't factor into long term planning, but if I keep it up over several years, it bears the question: how much should I actually be charging? + +$550/hr seems high, but less so when there's a prep phone call with the agency and it accounts for only a few hours per week or month. For context, I'm a startup founder in the $10mm-$100mm valuation range. Still very illiquid, which is why I bother with the calls. Interested to hear others' experiences + +&#x200B; + +edit typo +This post is going to be a deep dive into the On-balance volume indicator for GME. Before I start, this is not financial advice, I am not a financial advisor, I am but a simple, smooth-brained ape with StimmyYOLO dreams. + +**What is OBV**: On-balance volume is a technical indicator, which was founded on the idea that volume precedes price. OBV is calculated as a running total where the volume of a candle is either added or subtracted to the OBV total depending on if it's negative or positive (this is an oversimplification but just know that it's a running total). For example (these are arbitrary numbers), let's say a given stock's OBV is 1,000. Then, there is a negative candle with a volume of 2. The OBV would now be 998. Then, there is a positive candle with a volume of 100. The OBV would now be 1098. This is why OBV is shown as a line rather than candles like volume. It's also important to note that if a candle stays the same, it is not added to OBV (this doesn't really matter for GME because its price RARELY stays the same). OBV is a trend indicator, so the actual value of OBV doesn't matter, the trend of OBV is what matters. Generally, OBV allows you to predict where a stock will go because if OBV is increasing, it means that there is a lot of volume in green candles and less volume in red candles. I usually use OBV when a stock is consolidating. If a stock is consolidating and OBV is increasing, that is an indication that when it breaks the trend, it will be high. The opposite would be true if OBV was decreasing. Generally, if a stock is increasing in price and OBV is increasing, you can expect it to continue that trend. If the price is increasing but OBV is decreasing, you can expect it to go negative in the future. This all goes back to the idea that volume precedes price. + +**GME OBV Charts:** Here is GME's 1 year, 90 day, 30 day, and 10 day charts with volume and OBV. Volume is the graph with green and red candles below the chart and OBV is the tan line in the volume graph: + +1 year: + +https://preview.redd.it/2yth2kk357n61.png?width=1178&format=png&auto=webp&s=5d9cc6eb7a05139cdb5ae1de2bb0619d59b6b8f8 + +90 day: + +https://preview.redd.it/7g4iv5d457n61.png?width=1372&format=png&auto=webp&s=79063c817c80137c1fa106ffd53ec597c071247b + +30 day: + +https://preview.redd.it/zr6gdv6557n61.png?width=1922&format=png&auto=webp&s=7968a58260ff9e9b755332e37e031250669cc5d4 + +10 day: + +https://preview.redd.it/j7ay839657n61.png?width=1994&format=png&auto=webp&s=02c9cd2aa7194d9b75d7dc8efda9d903ae29ae14 + +**Analysis:** The commonality between all of these graphs is that OBV continues to increase. If you look at the 1-year and 90-day charts, you can see that OBV took a very small hit when GME collapsed after the January squeeze. However, OBV has continually increased in value since then and is currently higher than it was in January. This means that the green candles (the uptrends) have higher volume than the red candles (the downtrends). This is extremely bullish. We can also see that although volume may be decreasing in the 30-day and 10-day charts, OBV is still increasing, which means that there is much more volume on the buy-side than the sell-side. Even with all of these monster short attacks (like the one we saw last week), there is still a net positive uptrend in OBV, which further adds to the bullish sentiment. Personally, I think that this is partially because of continued retail interest, but, more importantly, I think that this adds credence to the theory that we have an institutional ally or allies that continually buy GME and are trying to initiate the squeeze. This takes away credence from the idea that HFs are just manipulating the price up and down for their own benefit. Furthermore, many people also believe that GME and AMC are correlated. Though this may be true to an extent (they move similarly but not identically), OBV is much more bullish for GME. AMC's OBV is increasing similar to GME's but is not higher than it was in January like GME currently is. AMC's OBV dropped significantly after January and has not returned to those January levels yet. As stated above, GME is and has been above its January OBV levels for a while now. This is not to bash AMC, I am very bullish and AMC and have a position in it. All that this is showing is that GME seems to have greater bullish momentum than AMC and that the stocks are not perfectly correlated like many people think. The massive OBV of GME also suggests that it will be relatively easy for it to have a rapid, parabolic upward move. + +**Now what:** I made a previous technical analysis on GME a few days ago (this one didn't have OBV because my smooth brain forgot to. Trust me, my wife's boyfriend was PISSED that I forgot, so I made this so he would let me sleep in the garage instead of under the deck tonight). In that post, I said "Plain and simple, volume is king. Volume is your wife's boyfriend's wife's boyfriend's boss's wife's boyfriend. We cannot have another squeeze without volume." I'd just like to reiterate that. For another squeeze to happen, we need MASSIVE volume. OBV continually increasing is a good thing because it shows that volume is on the side of the buyer, so when volume increases, it will be easier for the price to skyrocket. In that post, I also said that in order for volume to increase, especially in the case of GME, there has to be a catalyst. Previous volume increases coincided with Ryan Cohen being added to the board, celebrities tweeting about GME, Shitron's short position, and the ousting of the CFO. I believe that we have a few upcoming catalysts that could help push up volume: Earnings, quadruple witching day (not a catalyst in and of itself but it is a day that always has significant volume), and any kind of announcement relating to getting a new CFO or Cohen doing something. The stimmys that so many of us have is just kerosine being added to that fire. + +**A note on predictions:** What I want to emphasize, especially for the new apes, is that while I believe this (the squeeze) will happen, do not get discouraged if it takes a while. WSB is a glorious hub of information. Much of this information is comparable to what actual analysts do (many people on CNBC have talked about the sophistication of WSB research). There are many DDs in this sub that explain why HFs are trying to delay the squeeze but that it's still inevitable. The catalysts that I mentioned are just that, catalysts - they are not predictions. So when you are up at 3am ripping your juul after having jacked off for the 5th time that day while and scrolling through the DD section on WSB, don't get tied down to dates and predictions. You should have conviction in your positions and if you are confident that it will rise based on technicals, fundamentals, and theories, the conviction of your play should not be affected by a date. Think of dates simply as "oh something could happen on this day, but if not, IDGAF because I have conviction in my play." + +Again, this is not financial advice and I am not a financial advisor, I am a simple ape-cuck who seeks to please his wife's boyfriend. Stay strong APES. +There is always the question of how a company should return money to shareholders, and the two generally accepted ways are buybacks and dividends. + +I've owned stock with both buybacks and dividends. The dividends came into my account where I could choose to get them paid out and buy a sandwich (after paying tax), whereas the buybacks just disappeared with the downturn in 2022. + +So how are buybacks good for investors when the stock price fluctuates through the day and months anyway? +Edit: title should be “moat” + +Anyone own shop? + +I don’t get how this stock trades at 70x sales. It just blew away earnings (100% rev yoy) and is again up huge. Stock has run from 300+ to 1100+ since March. + +But this platform is just a website builder with a shopping cart. Small merchants sign up for a monthly sub fee and use their website template to build their online store. + +How is this different from wix or any other website builder? If Wordpress adds a shopping cart, it would compete against shop. An engineer could literally develop a competing platform in a week. + +So where’s the moat? What’s to stop Amzn from offering a similar service for free? FB has already launched a shop feature. + +Head scratcher on this stock. +I didn't even get to say why I was calling, he just asked if i was DRS'ing my shares. + +I ask "Must be the call of the day?" +He says " The call of the week!" + +Sounded exhausted by it all. This has me so bullish RN. + +Call took 5 mins total. +Hedgies R Fuk. + +&#x200B; + +https://preview.redd.it/rpek0fdlthp71.png?width=500&format=png&auto=webp&s=0be7faec9d794e5323fefe36e17a71116f4b60e1 +I’m in my mid 30’s, gross 145k, net 75k. Married but my wife has an erratic income, net 30k now, possibly 15k to 0 in the future. We’re in a high tax area and I’m forced to pay a lot into benefits because of forced retirement. We’ve been living frugally and saving up for a cross country move for several years now and have managed to get 175k together. Work dictated our move, so unfortunately the timing with the housing market wasn’t great. To spare too many details, we bought something pretty quickly without getting a great feel for the market. Found a house in a great neighborhood, fairly renovated, had everything we wanted except it was way at the top of our budget. But we needed a place to live, so we put in an aggressive offer and got it. 4br 2ba 2200 sq ft, list 400k, appraised 410k, paid 420k. We put down over 100k. + +This all seemed fine to us considering the state of the housing market, we can afford it ok, and we figure if we’re feeling squeezed in a few years we can sell and downgrade, that is until some details of our new reality started coming out. + +First of all, big property tax increase coming next next year. I accounted for an increase but not to this degree, from 6k per year to over 10k. My monthly payment will be about 2200, and at my stable income of 6200, this does not feel like it’s leaving much to live on or save with. Especially considering everything is getting more expensive, we’ll need to buy a car soon, maybe my wife is deciding now she may want to have kids, and onto the next issue… + +The house is old, which we were of course aware of, but we’ve already had issues that weren’t made apparent by the inspection, namely old electrical. It isn’t something that needs to be replaced now, but as it ages it’s likely to cost us 20k at some point whether we repair it ourselves or knock it off a sale price. Additionally, the water heater, garage roof, roof, and hvac are all probably halfway or more through their life. I think realistically we could be spending 75-100k in maintenance alone if we stay in the house for 5-10 years. + +None of this felt like a death sentence until I really started digging into the market in this city. I’ve been keeping an eye on houses since we bought and every day it becomes more apparent how badly we overpaid. Our location is fantastic and walkable, plus the school district is the best in the area, but otherwise, 400k gets you a lot more in other areas. Our house is not laid out practically, there’s no bathroom or closet on the first floor, the basement has areas where you can hit your head, the bedrooms are small and the closets are tiny, no master bath. It works fine for a child free couple but it makes no sense for anyone else. I must add also, this was a really cheap city to live in just 2 years ago. It is a far cry from anything like Chicago or New York or California. 420k is a ton of money here. It is still easy to find nice houses in the suburbs for 325k or less. Essentially we paid for location and bad market timing. + +I feel like I’m totally trapped now. If we stay in the house, we’re only saving money while nothing is going wrong. It’s only a matter of time something big happens and my wife’s income dries up, and there goes all of our savings. I think if we sold this house right now we’d be lucky to get more than 350k considering what’s been selling lately. So I’d be losing all or more of my 100k down payment. If we were to rent anything other than an apartment, we’d only be saving maybe 100-200/mo plus whatever we’re spared in maintenance. If we go look for another much cheaper house to buy, we’ll have very little for a down payment, so the payment difference between that and our current house wouldn’t be all that much, could take 10+ years to get past break even. + +I don’t know what to do at this point. I’ve completely set myself up for failure and I’m not seeing any way out. I need some wisdom and advice +Is anyone getting excited by googl at these levels? + +With the PE trading near ten year low, the recent news on youtube premium subscription growing 60% yoy to 80 million accounts, and the general attractiveness of the company’s economics (margins, FCF, etc), is this a value no-brainer? Most importantly, the company has massive competitive advantages. As Munger once put it: “Google has a huge new moat. In fact I’ve probably never seen such a wide moat. Their moat is filled with sharks.” Pretty high conviction coming from him (Warren has praised the company multiple times as well). + +I don’t know the ad space well, but I feel like I understand google well enough to see some notable data advantages over companies like Meta or Amazon. Therefore any near-term softness in the ad space won't impact the financials in the long term. But then again I may not know what I’m talking about. + +Going along with the philosophy of buying a great business at a fair price, this seems like a sound long-term decision. I wouldn’t assume the annual returns over the next ten years will be insane, but I’d expect the company to outperform by a few percentage points annually at least if we assume that free cash flow will be somewhat higher in ten years than it is now. + +What’s the bear case? Competition in the ad market? Regulation? Curious to discover my potential blindspots. + +(Disclosure: I don’t own googl, yet) +I’m sure I’m not the only one that struggled with this.. This question has been wrapped in my mind for some time. It 100% was uncertainty and doubt, and it didn’t make sense (cue the Chewbacca defense). + +A little bit of a warning: I’m sure plenty of you are going to look at this post and be like, “boy, this guy really is retarded.” + +My response to that? Yes! I am! + +What I’m about to say, I hope that others who are struggling with this doubt finds the same relief I found. I really want to elaborate on this because I know people are too scared to post and ask questions. FUD can be a very negative thing, but we all struggle with Fear, Uncertainty, and Doubt. I hope that this really correlates to those who are struggling with this. I was in the same boat as you. + +To back track, my doubt and uncertainty was based on the fact that I couldn’t find any record of a stock price that ever reached over $1 million a share. The highest price per share I could find was BRK-A at $439,000.00 (give or take.) As much as I love GameStop, I know that, at the end of the day, what I value it at (my floor) probably isn’t what others value it at. All these posts with a floor are so dreamy. But come on, “LeTs bE rEaLiStIc”. + +This also was tied to *WHAT MY UNDERSTANDING WAS* on what it meant when these outstanding shorts were covered. + +Turns out, yes! I truly am retarded! I didn’t have a clue, and I was totally wrong. + +The other day, I asked a coworker who seemed well versed on stocks, + +“Let’s say the shorts are completely covered, but yet there are still more shares owned than what GameStop has available. What then? Does the price continue to go up simply because people held?” + + +Yes, yes I know. Retarded. + + +I found this article on the internet that reallllllllly dumbed it down for me. And boy, I sure did feel stupid. Anyway, the simplified example is as follows: + +“The big risk of short sales: +Given this ability to multiply the number of available shares into massive short positions, a short squeeze could have a cascade effect. When GameStop's share price goes up, both HedgeFund#1 and HedgeFund#2 are under pressure to cover their positions. Yet to do so, *they each have to find available shares* they can buy and return to whoever they borrowed from, respectively. When sellers aren't readily available, they'll have to pay through the nose to entice them. That's how the short squeeze accelerates.” + +Link will be in the edits. + +CUE GIANT ���� HOLY MOLY, THATS WHY WE HODL. 🦍 + +We hold because they can’t create synthetic shares at the point of a margin call. They can’t naked short. They have to “pay out their nose” in order to RECLAIM the shares they shorted! Oh and they will pay, because there are a bunch of retards that REALLY love their stonks. + +Basically, they boost the price until people decide to sell their shares back. + +Now, before you scroll all the way down to the comments and tell me I should get off the internet, and suffocate myself with a pillow, I need to make one last CRITICAL POINT. + + +My buddy, who I thought would give me an answer (one I could understand) didn’t really understand what was happening either. GME wasn’t operating like a normal stock at all. He wasn’t into the stocks the same way we are. + +He liked stocks based on their performance in the market. We love a stock because of what it stands for. We love a stock because it’s simply a reflection of who we are as individuals, as a community, as a culture. + + *as a stonk* + +What’s happening with GameStop is truly it’s own thing. u/atobitt shined a light on a house of cards, unveiling the corrupt world hidden from us. Despite him doing that, there are still a bunch of other retards out there, such as myself, that still don’t understand the simple things that are DIRECTLY affecting our investments. + +I just want you guys to know that we aren’t too stupid to understand the general concept of what’s happening. Our expectations are a reality, NOT A DREAM. + + +TL;DR + +I doubted these ridiculous high floors because there was no way the price per share could get that high. Even if there was a MOASS. Didn’t make sense. + +Turns out I didn’t FULLY understand what covering a short meant. When a margin call happens, I didn’t realize that the HF need to have shares available in order to cover their short. Well guess what? If people hold, they don’t have shares. Period. The price squeezes because they need to entice the holder to sell. So let me ask you guys, how much are your shares worth TO YOU? + +Last but not least, guys, i am beyond retarded. I’ll admit it. The one thing I want those of you who struggle with FUD to know, it’s okay to ask questions. It’s okay to be stupid. One thing I’ve learned is how SPECIAL this community is. FUD doesn’t bother us. We are used to it. If you don’t understand something, I know plenty of users on here that would do everything to help you, they wouldn’t bat an eye. + + +And none of that is financial advice^ +Spay and neuter your animals.❤️ + +EDIT 1: I only used this article because of this example^ +Yes, I know MF is not good source material, but I’ll still source the link. Nothing to hide. +https://www.fool.com/investing/2021/01/28/yes-a-stock-can-have-short-interest-over-100-heres/ + +Edit-2 I low balled BRK-A. The price is now correct. + +Edit-3 someone posted some tremendous DD previously covering this already. My post was written with crayons compared to this one. I suggest checking it out if you wanted to look further into it! +https://www.reddit.com/r/Superstonk/comments/mngzp0/chasing_70_trillion_waterfalls/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Cardano (ADA) has officially made a lower low to prices not seen since January 2021. + +Ever since the April/May drop, ADA has failed to achieve much upward movement, even during BTC’s bear market rally to $25k. + +Recently, the price of ADA has reached $0.3750, which has not happened for the coin since the beginning of the crypto bull market January 2021. + +If CPI data dumps the market, we could see a $0.30 ADA in the near future, as there is not much support below these levels. + +Do I still hodl some? Yes. Not a humongous bag, but enough to find this price movement interesting to say the least. I still believe this coin will survive this bear, and possibly thrive in the next bull. However, as we all know in this space, there are no guarantees. + +This next week shall be interesting for Cardano. +People have been sharing a number of screenshots from different brokerages this morning, that show notifications of existing calls of $400/$500 becoming temporarily ITM and also proof that the highest price reached today far exceeded what we're told ($199.41) + +Could this be due to all the shares that needed delivering within T+2? I guess if its a quiet power hour we'll have our answer. + +**Edit**: Long story short, this was not your average halt. Hell, even as u/Z86144 pointed out it didn't even drop 10% **based on the numbers were are shown.** + +I don't know how close we are to actual lift-off, but I don't think nearly enough people are talking about how this morning could quite possibly have been the latest aborted launch. +* http://www.forbes.com/sites/greatspeculations/2012/10/26/apples-quarter-was-lousy-but-stock-still-headed-to-1000/ + +* http://www.latimes.com/business/technology/la-fi-tn-apple-stock-gundlach-20121107,0,412768.story +Hi all, + +I have just arrived in London and I am looking forward to open a bank account. I have seen recommendations on Starling, Revolut, Monzo etc, but I would like to know if anyone might have any recommendations on other banks (i.e. MetroBank, NationWide, Lloyds, HSBC, Barclays etc) that offers opportunities to new residents + +I have no credit score here, but I am under a work visa and can prove it through the company I'm working for. + +Thanks in advance! +In a nutshell I've received part of an inheritance with more to come. At the time I whacked it all in an easy access Santander savings account that was offering 2%. Since interest rates have increased I see there are other easy access saving accounts that offer up around 4% with the added ballache of opening or transferring current account. + +Is it worth it, or what would be the best thing to do? I am thinking about throwing the majority of the inheritance when I receive it in Vanguard, and keeping an emergency fund in an esaver account. + +But should I keep changing savings accounts as and when I find a decent rate? Or split the money across multiple accounts? +Shares of Amazon rose more than 3% in intraday trading Thursday, the largest gain in the S&P 500 index, after the company announced that it saw a **"record-breaking"** holiday season. + +The e-commerce company said that "billions of items were purchased" along with "tens of millions of Amazon devices" worldwide during the holiday season. As many as 5 million people signed up for a Prime membership, and independent third-party sellers also surpassed a billion items sold, the company said in a press release. Amazon didn't give further details about holiday sales. + +Even though the holiday season was shorter than usual this year, online sales overall hit fresh highs, according to a Thursday report from Mastercard. E-commerce sales made up 15% of all holiday revenue, giving retailers a needed end-of-year boost - the holiday season accounts for about a fifth of US retailers' yearly revenue, Bloomberg reported, citing the National Retail Federation. + +Online sales were also a win for department stores that have struggled to drive traffic to brick-and-mortar locations this year. While in-store sales dipped 1.8% from a year ago, online sales at department stores surged nearly 7% this holiday season. Shares of department stores such as Macy's, Nordstrom, and JCPenney advanced in trading Thursday. + +Two of Amazon's biggest competitors, big-box chains Target and Walmart, were down slightly in early trading Thursday. + +https://markets.businessinsider.com/news/stocks/amazon-stock-price-gain-leads-sp-500-holiday-sales-record-2019-12-1028785138 +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? +Has anyone had enough success at their own personal finance and enough interest in it to make them want to work in finance professionally? What was the difference between managing your own finances to that of a business? Do you regret the career change? Was it more satisfying to work in something that you had a personal interest in? +The average returns of S&P 500 annually is about 10%(correct me if I am wrong). This would mean Investing $1000000 the first year would get me $100k. This means I could withdraw $100k yearly and still keep my $1000000 without it reducing right? But because of inflation, the $1 million will lose it's value. So what if I withdraw only 4% yearly? I could live off the million dollar capital while growing it right? + +Edit: Just came to my mind. What about instead of withdrawing 4% yearly, withdraw $40,000 yearly. As your portfolio grows, $40,000 won't equate to 4%. The 4% will get lower each year. +UUSB apes are rejoining our fight! Their page is FILLED with GME posts, and a new DD was just released about how we are primed for another squeeze type scenario. Just read a comment about DRS apes doing the heavy lifting with sucking out the liquidity while the options apes will use leverage to push this sucker to andromeda. Ryan Cohen tweeting, insiders buying, there literally couldn’t be a more perfect fire to ignite this fuse. I think this is it, and next week is about to be lit. GG hedgies, time to accept your inevitable failure and FREAKING PAY ME. No cell, no sell. Let’s see this to the end, I know y’all are just as excited as I am to go to Valhalla! + +Not financial advice yada yada yada, you know the drill. +So my wife and I were doing our budget and then we wanted to calculate our savings rate. But then the question came up of “what do you count as savings?” Do you count the principal on the mortgage? Is it a ratio of your gross or net income? Do you include investments? + +Example: +Household gross income: 120k; +Household net income: 100k; +Mortgage: 25k (15k principal + 10k interest); +Living expenses: 50k; +Stock investments: 15k; +Remaining: 10k; + +What would the savings rate percentage be? +If you do, then why so? If not, then why so? Just trying to create a bit of discussion and maybe learn a bit more about ethereum that I don't already know. I speculated that ETH would be worth around 20-25 before metropolis, so obviously this has far exceeded my expectations. Now with bitcoin having issues and their own little bitcoin drama, it seems as if the flippening is really starting to become the flippening after all. Do I think ETH will jump to $100 before metropolis? I honestly think anything is possible with ETH. Unless bitcoin activates BTU or SegWit before metropolis I can honestly see $100 within the next coming months, it seems like a very slowly timely death for bitcoin and a very fast rise to power for ethereum. +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! + +Its probably early, but as each day passes you cant help but get more excited! +This is going to be life changing and im so jacked right now but more than just thinking about the numbers, i cant wait to just sit my parents down and tell them whats happend! + +My parents gave me so much and im more excited for the day i can give back to them more than anything 💓 + +Ill probably tell them first about my huge Loss 📉 that will blow their minds before breaking the amazing news haha + +Hold you beautiful bastards, we are all going to the moon and then Disneyland with our families!! + +My parents have never been to Disneyland, there probably too old now but when all stress is gone they will probably enjoy everything!! +RenTech just bought over six hundred thousand shares of GME. + + +This is my opinion of the situation based on the fact that I once read a book called "The Quants" and that I sometimes read the news: + +I believe that this move had been examined and debated internally at RenTech for a significant period of time. This represents a fundamental betrayal of the current trading ecosystem. + +In my opinion this move would be a motive for murder among hedge fund founders and managers. They are defined by competition but they don't operate in a bubble. They know each other. They are on a first name basis. They socialize together (who else would they socialize with?) and play poker together. They read each other's academic papers on subjects like pure mathematics and theoretical physics. Many went to the same university's (MIT or UC Berkeley or the like) or they know the man that started it all Dr. Ed Thorp, the man that wrote the book +"Beat the Market: A Scientific Stock Market" way back in 1967... Ed Thorp is the Godfather of modern hedge funds... He was also Ken Griffin's first investor (Citadel) + + +Here's a little sauce: http://mastersinvest.com/newblog/2017/7/21/learning-from-ed-thorp + + +Anyway, back to RenTech. + +Dr Simons has a PhD in mathematics from UC Berkeley. Before entering the world of finance he worked for the NSA as a code-breaker in the 1960's and in the 70's he co-published a paper that is significant enough to have it's own wikipedia article https://en.m.wikipedia.org/wiki/Chern%E2%80%93Simons_form + + +Then Dr. Simons founded Renaissance Technologies in 1982 and using his code breaking experience and mathematical genius started detecting signals in the market that everyone else was missing. + +Possibly owing to his time at the NSA, RenTech is notoriously secretive and seems to operate in a way that is relatively unique among hedge funds and this MAY explain recent performance disparities between RenTech's own funds and the competition. + +RenTech's Medallion Fund was established for employees in 1988 and it has been incredibly successful (thirty to fortyb percent returns most years I believe) but AFAIK it is closed to institutional investors. + +https://www.institutionalinvestor.com/article/b1q3fndg77d0tg/Renaissance-s-Medallion-Fund-Surged-76-in-2020-But-Funds-Open-to-Outsiders-Tanked + + + +On the other hand, while the Medallion Fund has been crushing it, RenTech's institutional funds have basically been doing the opposite. + +https://www.institutionalinvestor.com/article/b1l98yt4p0bvr4/The-Famed-Medallion-Fund-Is-Crushing-It-Other-RenTech-Funds-Not-So-Much + + +So.... What if RenTech got desperate enough to go long on GME and burn Citadel to the ground or what if they concluded that the potential returns simply warranted taking the risk? + +What if they concluded that going long on GME could work for all their positions? + +IMHO this is a decision that wouldn't be made lightly because it could isolate RenTech from the smart money, at least for a while. This means venturing into uncharted waters and risking more than just money. Reputation matters. Client relationships matter. + +And RenTech and Citadel share the same clients. Imagine if Vanguard had a billion dollars with Citadel and a billion dollars with RenTech. If Citadel collapses because of a RenTech position, RenTech had better have at least doubled Vanguards money right? + +And I don't think RenTech would touch GME unless they were planning to go long. It's a bit like taking another man's wife out to dinner. It may not end with tendies but you've already crossed the line and have to accept the consequences whatever they may be. + + + + +EDIT: A point I failed to make is that these hedge fund managers know each other like Mafia families know each other. They read each other's academic papers to gain competitive insight or to find flaws to criticize. + +It isn't just about money, it is also about the feelings they have when they see the other managers at a charity poker tournament or political fund raiser. It's about winning and rubbing it in the losers face. It's about those feelings. It's about ego and power. + +And for them trading is a game and the only rule is don't ruin the game so they generally avoid zero sum outcomes. They are too smart or at least too diversified for that. + +EDIT 2: Even if nothing comes ofv this, writing this post and thinking about the people running these hedge funds reenforces the fact that the only viable strategy regular people have is to join the other apes and buy and hold forever. +So I have been a relatively happy user of Deliveroo for many years. Recently I had a really bad experience with a rider, after trying to help them find my place over the phone for multiple minutes they eventually hung up and marked my order as "Delivered" (with my order of course never actually getting delivered). Reaching out to Deliveroo support they are refusing to refund. + +Would a chargeback be the appropriate course of action here? What is Deliveroo likely to do as a result of this chargeback? Ban my account? Ban my CC details/phone/name/address from the app forever? + +Curious what other's experiences are with getting a refund for this kind of thing. +Yesterday my wife saw my next door neighbor hit his wife during an argument while he was kicking her out. Later that night someone threw rocks through the windows of his house and car. I hate living next to this kind of crap. I hate calling the police and fearing retribution for doing so. I hate hearing my upstairs neighbor scream for hours and seeing the cops at her house several times a week. + +I've decided that I'm selling my condo. I don't know what I should do next though. I want to live in a low crime and low rent/home price area, am I delusional? Do I have to live in an area full of drug addicts and broken homes to rent cheap? +I’m a gen Z who just got my BA in Economics a couple months ago and have been following GME very closely since JAN. I don’t think Kenny understands that many Millennials and gen Z’s realize the economy we inherited is fucked. I along with many others have mental health problems due to the fact of feeling like we have a helpless future due to inflation, housing prices, minimum wage, tuition costs, the list goes on and on. GME is a chance for us to change our future. I don’t give a fuck about selling a couple shares on the way up to pay off my 50k student debt, what does that really help me in the long run? Nothing compared to the chance that GME presents. + +Side note to hedgies..you realize with depression I don’t feel anything if the price goes up or down so I don’t think diamond handing will be too difficult when I’m hodling for a future I’m actually excited about getting out of bed for. Ape stronger 💪 +They seem to sell for about 40k and generate about 100k for a classic store. If I could get sales to 150k, hire someone for 40k to run it, then it could be a good 20-30k profit small business. Do this a few times and maybe I’d have a nice passive income stream. + +Any thoughts on this as a side project or potential passive income stream? Anyone know someone that has successfully done this? Ideas? Anyone know someone who unsuccessfully did this? + +Thoughts? Concerns? +Hey all, I was just looking for some advice on how to use some of my TFSA room. I am 22 and currently have about 12k left of contribution room in my TFSA this year, which I am looking to max within the next year. Currently, I have a WS trade account (TFSA) which for the most part contains individual stocks, but recently I have been adding XEQT to my portfolio, and I am looking to focus on that now, rather than the individual stocks. I also opened up a WS Invest(TFSA) account recently and the portfolio contains 90% equity and 10% Fixed income and GOLD, but I recently found out that I can have a portfolio which consists of 100% equites, which I am looking to switch to in the next few days. I like this Robo Advisor account with WS invest because I can make automatic contributions to it and not have to worry about that too much. So my question is, does it become redundant to have both these accounts now that I will be focusing on XEQT in the trade account and a 100% equity portfolio in WS Invest? I liked having the option to invest in two different ways rather than one or the other. +Hi everyone, + +My wife and I are looking to start some investments. Previously my wife’s parents had just put her money into GICs because they are farmers who are very very timid about investing (I think they aim not to lose rather to actually make money and when I used the logic of if everything went to 0 we would be SOL - they shrugged their shoulders). My own dad tells me that the market is overvalued and it's too risky to invest right now. + +We are pretty conservative investors (my wife is more so than I am). We are thinking long term for the funds in our rrsps. We have 50K in RRSPs and about 20k in tfsa but we want to withdraw from the TFSA to pay down our mortgage. Not sure what short term investments we could do for the 20K. + +My uncle who is a senior management figure at a public sector pension investment fund has offered advice which turned out to be preferred shares of various banks (civic/Laurentian/national bank) and Enbridge - paying between 4-5% dividends - just have to read the prospectuses of each I guess. He said that mutual funds are a waste of money considering that the returns are not the same that they were 5 to 10 years ago. I am sure you guys will disagree with this. I would be curious to try say $1K in an TD Eseries fund just for fun - TD is who we are with. + +I want to have a small portion of the portfolio, 4-5k for speculative purposes. For example buying Suncor (seems undervalued), West timber products (lumber prices are sky high), Jaguar mining (seems to be doing really well) and TD Eseries (as stated above). I would only want to make $2-3 per share for the equities and then profit. I don't plan to get ultra greedy if they increase but it can happen to anyone. I wouldn't want to put everything on red if you know what I mean. + +Do you guys have any suggestions and what do you think of our strategy? + +Thanks in advance. +The fund is structured as a "top-line" fund, requires little cost to operate, has been steadily growing until now, and has had 10 years of stock growth evaporate in a matter of a month. + +Take-out and drive-thru are the only restaurant options for us in the near term. This gives standalone A&Ws (less of a benefit for the ones in malls) a lifeline that other restaurants don't have. That means less chance of individual stores going under while this chaos unfolds... and likely a more comfortable recovery. + +Valued at half of what it was worth last month, again - that represents an erasure of 10 years of growth. + +This looks extremely undervalued - am I missing something here? +At least three analysts have downgraded their rating on Husky Energy Inc. this week, sending the shares lower for a third straight day. + +Canaccord Genuity, Raymond James and Bank of Nova Scotia’s strategists have reduced their recommendation on the Canadian energy company’s stock as concerns surrounding free cash flow weighs on the stock. Husky’s shares have slumped about eight per cent in three trading days, on pace for its longest losing streak in more than a month. + +Shares of Husky have plunged over 80 per cent since its 2008 peak for myriad reasons: lower oil prices, a dividend suspension, a production cut due to a close call with an iceberg, and a failed $2.75 billion hostile takeover bid for MEG Energy Corp. + +Last year, RBC Capital Markets analysts led by Greg Pardy contemplated whether the company should consider going private to capture the gap between its market and underlying value, and so it can make the right moves without market scrutiny. + +Here’s what analysts said this week: + +Canaccord Genuity (Dennis Fong) + +“The mandatory curtailments from the Alberta government limit Husky’s ability to grow its Alberta-based production and also squeeze downstream margin,” Fong said in a report published Tuesday. He downgraded the stock to sell from hold and raised the share price target to $10 from $9.50. He expects total spending for Husky’s thermal projects like Spruce Lake, Edam Central and Dee Valley to reach about $1.3 billion this year. + +“Given the inflexibility in the capital program and the already slowed pace of development of its thermal projects and its Indonesian assets, we believe that free cash flow will be relatively muted in 2020 and to a lesser degree in 2021,” he said. + +Raymond James (Chris Cox) + +Cox expects Husky’s fourth-quarter results to be a “negative catalyst,” he said in a report published Monday. “Our revised forecasts point to negative free cash flow for both 2020 and 2021.” He reduced his recommendation to underperform from market perform and maintained a share price target of $11. + +“We believe it is too much to ask investors to look past at least two years of materially weaker free cash flow profile versus peers, supporting a more pessimistic outlook for the stock,” he said. + +Scotiabank (Jason Bouvier) + +“We feel other names within our coverage universe offer more torque to improving oil prices,” Bouvier said in a note Tuesday and cut his rating to sector perform from sector outperform and reduced his share price forecast to $11 from $12. He’s looking for a more consistent operational execution from Husky before getting more bullish on the stock. + +https://www.bnnbloomberg.ca/husky-energy-s-spiral-continues-as-analysts-downgrade-stock-1.1373774 +&#x200B; + +[New CEO Ninivaggi Has Been Icahn's Right Hand Man for 2 Decades](https://preview.redd.it/ahe1b9yf5bk71.jpg?width=828&format=pjpg&auto=webp&s=ee37a60b80ee691863908edeca79985336bbf422) + +Cross posted in Lordstown Motors Subreddit + +TLDR - Carl Icahn - who has a net worth of $16 Billion - is very likely to have an investment in this company that hasn't been made public. If it is made public the gains could be breathtaking. + +Position - 8500 shares long. 120 Call options. + +I am sure you have heard of Lordstown Motors Corporation. Now ask yourself why you know so much about a company who was trading at less than a $1 Billion Market Cap just a few days ago. The media, using a narrative that Nathan Anderson of Hindenberg Research assembled, made sure to tell you the company was a fraud. Well, it turns out they seem to have had an agenda to try to kill the company in the crib and much of Anderson’s claims have been widely discredited. For instance, Anderson claimed that the company was 4 years away from bringing a product to market and in just weeks after that was published started their Beta program. The company plans on producing vehicles for final testing and to bring them to market early in the first quarter of 2021. Production is rumored to begin the final week of September and should be targeted as a major catalyst as many retail investors don’t even realize the company has an actual product. + +As Doubling Dollars pointed out earlier on Seeking Alpha, the company has a number of organizations that seem to want to put roadblocks in the way. Donald Trump famously championed the company and staged a photo opp in front of the White House last fall. Mike Pence was there at the product launch last summer which gained headlines but his visit was frowned upon by detractors from Democrats and members of the LGBTQ community. So, there are some political headwinds. The United Auto Workers, National Automobile Association of America, Ford Motor Company, and Rivian backer Amazon seemed to want to give LMC a quick death after a coordinated campaign to discredit their company and their product. + +So what could possibly save a company with so many bigger organizations wanting to see it’s quick death. One of the wealthiest people in the world who could be hiding in the shadows and very well could turn Lordstown from hero to zero on Wall Street. On Thursday, the Ohio company hired Daniel Ninivaggi as their CEO. The first thing that jumps out to anyone looking at his resume shows he has been the right hand man of Carl Icahn for years. Ninivaggi was the CEO of the Ichan Enterprises from 2000-2004 and then CEO of Ichan Automotive from 2017-2019. His most recent work for Ichan was as board member of Hertz which he stepped down from in July. The Hertz connection pops out at you as a Lordstown investor as the strategic business model of the company is to sell to fleets so the new CEO very well could be bringing some massive sales along with him from his connections. + +Upon the Ninivaggi hiring the stock shot up over 40% before paring some gains and settling down for a 15% gain which it held Friday. The heavy short interest kept the lid on the run but the sky's the limit to the upside. If Ichan discloses a position this could be similar to his Herbalife play which forced rival Bill Ackman, who was short the stock, to throw in the towel after losing $500 million. Like Lordstown, Herbalife was smeared in the media and under investigation by the SEC. They walked away with a minor penalty and their company is worth $6 Billion today. Icahn was of course President Trump’s Financial Advisor during his time in office so there are political advantages to make the company a viable success story if Trump decides to run in 2024. + +There is a true bull case without Icahn’s presence as well. The company has affirmed strong demand in their signature product the Endurance which they seek to produce 30,000 vehicles thru 2022 which translates to $1.7 Billion in forward revenue. The problem is they are cash poor but with Ninivaggi’s connections odds are they will be able to do a capital raise without diluting shareholders and could get a loan on their former GM plant they own outright. In SEC filings, GM had valued the plant at $2 billion and left all robotics intact and invested in the PIPE of LMC and own about 5% of the company. GM want them to succeed to sell them batteries in their new Ultium plant that is across the street, sell them parts, and one can speculate that GM very well could use them as a supplier of parts in their own EVs that will be released in the coming years. The Lordstown complex the company owns is the third automobile largest auto plant in the United States. + +At a market cap of $1.15 billion and trading at $6.50 a share there isn’t much downside risk at all with tremendous upside. Rivian, who still haven’t released a product after forming their business in 2009, filed with the SEC for a $80 Billion IPO Friday to show how low the valuation actually is despite the companies both entering the market at the same time. Would you rather own 1 share of a company who has links to Jeff Bezos or 80 shares of a company that now seems linked to the legendary Carl Icahn. I know where my money is at, and I hope you hop along the RIDE as well. + +&#x200B; + +[The Endurance Starts Production In Less Than 4 Weeks](https://preview.redd.it/10ae938l5bk71.jpg?width=301&format=pjpg&auto=webp&s=1dca45fb0e53afc76e673662955562e91b97673c) +I've been at my job for a few years and have proven myself a very good and reliable employee. My direct boss is leaving to pursue other opportunities and has informed me I'll be taking over for him when he does. This is not a huge surprise in any regard - I was expecting him to leave sometime soon, and when he did there was little doubt I'd be taking over. I am quite adept at the work I'll be taking on. + +My questions is: there is a pretty substantial gap between my current salary and my boss's. Should I be pushing for his salary or something close to it? +Ive watched the stock market, crypto market, and precious metal market for a the past 5ish years. One thing I always found fascinating is the way the markets move together, most common example, one going up while another goes down and the third not doing anything noteworthy. + +Since this whole GME thing last year, I’ve watch the crypto and stock markets move almost in tandem with each other, but metals markets still did their independent thing…until lately. + +All three markets are down and look like they are starting to Synchronize and start moving in tandem. And I will tell you I don’t know what it means but it scares the hell out of me. +Hi Reddit, + +My husband and I recently got married and we're looking to buy a two family home in a busy college town. We would live in the larger unit while leasing out the one-bedroom to cover about 50% of the mortgage. + +We both have good credit (720 and 750), but do not qualify for a conventional loan because I'm a student and not earning income (postbac pre-med), and my husband is a fourth-year resident about to enter fellowship. He is the sole income earner, has about $30,000 in retirement savings and $230,000 in student loans. However, I am debt free and have $380,000 in investments which return about 10% annually. + +My understanding is that mortgage companies calculate an applicant's risk of defaulting based on their debt-to-income ratio. Since my income is zero I don't qualify for a conventional loan, and because my husband's debt is so high relative to his current resident salary he doesn't qualify either. We've been offered a FHA loan but that sounds like complete shit when it comes to the PMI. We've looked into a physician's mortgage but they don't seem to really help our particular situation since they are designed to allow soon-to-be-doctors with high earning potential to buy a house with little to no money down in exchange for a slightly higher interest rate. Since we have plenty of cash, we really want to minimize our interest rate (and other monthly expenses, such as the PMI for FHA loans) and aren't worried about the amount of money we need to put down. We've even considered paying cash for a home, but I don't want to put all of my money into a single piece of real estate. + +Due to these circumstances, would it be a good decision to completely pay off my husband's student loans so that we can qualify for a conventional mortgage? Doing so would leave me with enough money for the down payment with about $70,000 left over. + +Thank you in advance for your advice! +Last Friday I went out and I payed with it at a party venue. The guy behind me saw it and asked about it. He told me it’s impressive for a woman to have knowledge of how investments work, especially ones like crypto. + +Aaaand we have a date this week. + +I could imagine the reverse happening for woman too, if I saw a cute guy paying with a crypto card and myself being an investor too, its like having a really rare common interest. + +Crypto is such a flex for real, use it people! ❤️ + +Make profits and make love 🥰 + +Edit for the offended: + +- A survey by S&P Global found that only 26% of American women have money in the stock market. Even less in crypto market. And even less in the European Union since it’s less common here. I would say 10-15% of European women has crypto investments. He meant that it’s nice that I belong to this small percentage. He did not meant that because “I have a small brain”, it’s a big deal. It’s simply because of the percentages of women involved in it. + +- You don’t know the details. You don’t know how the talk went on, you just assume by one sentence. Which actually translated from an another language so it did not have the same meaning exactly. + +- It’s not healthy to assume bad right away of an another human being. Don’t judge. + +- I posted this with a totally different intent. To give you an example of how you can build relationships/friendships with a common rare interest. + +Just stop being hateful, I can’t really imagine why people are looking for a chance to spread negativity on someone’s happy post. This is the last time I comment about these “he is a sexist pig” replies because simply I don’t agree with you, I was there in person and you are simply making a big thing out of nothing. +# Why HOGL is THE one + +HOGL launched 15 days ago and has amassed 8,600 HOGLers at the time of writing. It's Market Cap at roughly $6.5M. + +HOGL has a transaction fee of ONLY 2% (1% to HOGLers & 1% to burn address) + +&#x200B; + +**WHY THIS IS SO GOOD?** + +It leads to continuous steady growth of the price floor. + +It leads to not paying huge amount of tax when purchasing/selling these tokens. This tax is effectively marketed as the "transaction fee". + +Most other coins have a "transaction fee" of approximately 8-10%. So when you make a purchase on a coin with a 8% transaction fee, you are 8% down on your purchase immediately due to tax paid. When you want to sell you will pay another transaction fee as it is fee per transaction. You are PAYING 16% tax to buy and sell, if your coin didn't go up you've LOST 16%. This tax is essentially what is supposed to drive the price of the token up eventually. But when most of the tax is usually redistributed across holders as "FREE TOKENS" it can easily be offloaded, especially by whales that get the biggest part of the fee, it can actually damage the growth of the coin. And if the whales don't offload those "FREE TOKENS" their wallets will continue to grow bigger, and they'll be getting an even bigger part of that fee, eventually causing bad concentration of tokens. + +This is not good for any token, and this is now how coins should be created, such % are way too high. + +&#x200B; + +**TRANSACTIONS** + +30,768 transactions have been completed with HOGL + +There are currently 8,614 HOGLers. + +That's approximately 3.6 transactions on average per HOGLER (SafeMoon has 2.9 and SafeMars has 2.7) + +HOGL is currently doing MORE transactions per HOGLer and than other BIG coins mentioned, so even with a smaller fee, MORE transactions means MORE burning and less available tokens on the market. + +Most other coins burn rate is higher due to their transaction fee, but so is their total supply. HOGL has a total supply of 1 trillion, far lower than those of others with 1 quadrillion. + +HOGL only has approximately 137B coins remaining in supply, which is JUST 13.7% of total supply, the rest have been burnt or are in a locked address. + +&#x200B; + +**HOLDER DISTRIBUTION** + +HOGL has an EXTREMELY good distribution of holders, the highest HOLDER owns 0.3% of supply. When you compare this to other similar coins and you will see MUCH higher percentages of tokens in the top wallets. These wallets are effectively whales and they can cause significant price impact should they want to sell their holdings. This means a great risk of a BIG drop in price very quickly. + +&#x200B; + +**MARKET CAP AND GROWTH POTENTIAL** + +HOGL currently has a $6.5M market cap. For SafeMars this value is roughly $100M and for SafeMoon it is $728M (CMC). + +If you talk about expotential growth, it becomes increasingly more difficult for the larger cap coins to continue on their trajectory. They have likely already had their biggest increases. Only time will tell. +But when you look at HOGL, those big increases are yet to come! This is a true GEM. + +The biggest % increases of course come from lower cap coins. If you are paying 16% in tax for some large cap tokens, the token has to rise 16% in market value for you to just for you to BREAK EVEN - in large cap tokens this can be a significant amount of (A 16% increase for SafeMoon is a $116M INCRASE in Market Cap at current MC. That's INSANE to JUST break-even. + +HOGL has all the potential for growth ahead of it, it really is just in the BEGINNING of something you do not want to miss out on. + +&#x200B; + +**COMMUNITY** + +Hop into the Telegram [https://t.me/hoglfinance](https://t.me/HOGLfinance) and you will see a great community who have been holding since day 1. Throughout the whales emptying their wallets in the early days (which is why the distribution is so good on this token and well spread out - best I've seen), the price recovering and producing new ATHs over time (current ATH is from yesterday). + +&#x200B; + +**FINAL THOUGHTS** + +This is the best of these tokens I've seen, prove me WRONG, and if you aren't buying now when it's DIRT CHEAP at current MC then you'll get left behind on this incredible journey. + +I have further points I could talk about but I just wanted to give you a brief introduction on this token and why it truly is the BEST type of these tokens I have seen to date. Maybe I'll make a Part 2 on this because I only just got started :). + +Please leave a comment and upvote/downvote. + +\- Community Member Faisal + + +**LINKS** + +Website: +[https://hogl.finance/](https://hogl.finance/) + +Telegram: +https://t.me/hoglfinance + +Twitter: +[twitter.com/hoglfinance](http://twitter.com/hoglfinance) + +BscScan: +[https://bscscan.com/address/0x182c763a4b2fbd18c9b5f2d18102a0ddd9d5df26](https://bscscan.com/address/0x182c763a4b2fbd18c9b5f2d18102a0ddd9d5df26) + +CoinMarketCap: +[https://coinmarketcap.com/currencies/hogl-finance/](https://coinmarketcap.com/currencies/hogl-finance/) + +CoinGecko: +[https://www.coingecko.com/en/coins/hogl-finance](https://www.coingecko.com/en/coins/hogl-finance) +I’ve noticed an ever increasing tendency for cryptomoonshot recommendations to loosely be based around, almost entirely, financial mechanistic tokens. Short-term over inflated APY yields, weird transactional burn rules that are arbitrary and only serve to inflate the value of the token without any real pending use case on roadmap, and so on. I’m sure I don’t really need to go into too much depth about these, who they are or what they do—they’re quite frequent here. I think it’s important to have a balance of financial staking incentives because they CAN provide incentive to stabilize the price somewhat (as well as provide revenue), but also to be coupled with a more functional outlook on the roadmap: an innovation, something novel, something useful, or a product that’s going to capture market share. + + +I think, for me, that’s why I’m interested in Seedswap (SNFT). The project is very, very new. I think the team have only been together a month or so, but they’re doing well to reassure me, and others in their telegram that the project is realizable (code on GitHub, lead dev is self-doxxed to provide assurance, strong community engagement and interaction). It’s at ILO which is great for people like me who like to play the early volatile trades and also the long-term hold because I’m getting in at less than a cent now. So whether I trade early while the massive undervaluation spikes, or as it steadily climbs thereafter with roadmap developments and releases I’m getting a good deal. + + +As I said, the financial mechanisms are far superior to any of the small mcap tokens we’ve seen quite recently. The staking is based on a seasonal method where each season of staking (3 months) is rewarded with subsequent increases compounded from the previous season. So, obviously, you’re incentivized to not only stake and get more money, but also you’re incentivized to stake for a long-term. They’ve worked to ensure that there is a financial incentive against dumping early to allow stability. It’s almost like they’ve tried to build hodl into it. That doesn’t mean the price won’t strongly rise or spike, though, but I think it will do that like many similar coins, but due to the roadmap it will be much more stable on the other side of it because the coin has a solid roadmap, and the team have been very clear about what they can present in terms of an NFT marketplace that further reinforces the hodl. + + +The appeal of the marketplace, for me, is the plan later on the roadmap to develop partnerships and exclusivity with companies, developers, and content creators for higher quality NFTs and prevent a ‘spam everything and everything’ clusterfuck the likes of Rarible. Not only is this a good touch from a new project at ILO ROI wise, but it also provides a way to prevent issues like IP infringement and perhaps some of the glaring hurdles with more open markets like Rarible being flooded with an endless supply of copywritten content that could result in some interesting future legal issues. A 2.5% fee on all transactions will then generate revenue to fund a token buyback program with partial burning of the tokens to further increase their scarcity and value. There are so many positive mechanisms, and I think my favorite part is the success of the token therefore isn’t just relying on one or two key features and its chance of success is much higher. + + + + +Another great element of the staking is that it will correlate with NFT drops and discounts for the marketplace. In the whitepaper it states that 55% of tokens spent on these discounts are burnt, so the token is deflationary. It goes without saying that the stability of long-term yield, this deflationary NFT linked incentive, as well as the NFT marketplace itself create a very strong multifaceted force on the price of the token that will cause it to rise at first probably quite sharply, and then over time steadily but strongly. I think if you’re like me and look for good investments, not necessarily riskier ones, this is at least worth your time reading the whitepaper, checking out the telegram and getting in early on a sound investment. + + +**Short Summary:** +If you are looking for a token that has yielding mechanics that reinforce holding, a good team, and a strong roadmap projected for the future then I think Seedswap is a good investment (long or short-term) and reading the whitepaper, checking the ILO, etc will be worth your time. +100,000,000 total supply. ILO will see profits locked for 11 months to fund liquidity. + +https://www.unicrypt.network/amm/uni/ilo/0x4cC177CCE7e533D3f7189Bac202Ad86107a8FD45 + +IIRC ILO did 24 eth in 24 hours off only basic outreach because the tokenomics are very strong. The project is very untapped in terms of potential and yet has performed well with what little marketing they have done. + +**Website:** [Seedswap.io](https://www.Seedswap.io) + +**TG:** t me seedswapofficial + +**[Whitepaper](https://seedswap.io/lib/files/wp/wp.pdf)** +So Tastyworks recommends choosing trades with 30-45 dte to minimize gamma risk, take profit at 50% and close trades 21 days or less to expiry if Tp is not hit. But if I enter a trade with 30 dte, this gives me only 9 days to reach the 50% profit which is very challenging. What am I missing? Inputs please. +Interested to hear everyone’s thoughts on this... + +Generally I sell naked puts (I stretch my notional beyond my cash balance... I know, I know) and covered calls (never naked). + +I find I generally make more on my round trips—mostly because I play in blue chip stocks (and the more fundamentally sound growth names) that tend to recover quickly even if I’m assigned shares. + +I’m still bullish tech/growth stocks, despite the events of the last few weeks. + +I’m wondering if rather than selling puts, which theoretically has much greater downside, I ought to be selling Poor Man’s CC’s, my rationale being: + +1. Selling puts could still be catching a falling knife. While I don’t mind owning good stocks, I won’t sell at a loss and would rather not tie up all of my capital in underwater longs. +2. The long-dated long call could be purchased at a substantial discount given tech’s recent decline. If I’m right that we’re still in a tech bull market, it will appreciate over time (and I can write progressively higher calls against it). +3. My cash balance would go much further buying calls (against which to sell more calls) than buying shares. I could be selling OTM calls on dozens of names, rather than only those shares I’m assigned via short put. + +I’m seriously considering this for the coming weeks and would be interested to hear thetagang’s thoughts... I’ve never sold Poor Man’s CC’s but I’m familiar with the idea... + +For those that aren’t, an example: + +Buy AAPL 100C expiring 10/15/21 for 26.00 +Sell AAPL 130C expiring 4/1/21 for 1.60 + +Max loss (highly unlikely, of course) is 26.00 - 1.60 = 24.40 or $2,440 per contract. + +Max gain cannot be calculated (because ideally you sell a TON of calls against the ITM call you purchased) but, if assigned on the first call, is 5.60 or $560 per contract. + +Thoughts on doing this at scale? +Let's say I have $200k available in an IRA. I could diversify that in some index funds, maybe a couple individual stocks, etc etc. Or I could buy 100 shares of GOOGL (or start selling CSPs) then wheel it. Looks like even weeklies will give \~3-5K per week, just keep selling right around ATM and never close, just let them get called away or assigned and rinse and repeat. + +Make fun of me and tell me why this would not be a good idea. +I'm wondering if it's possible to live off REIT's for the long term. I know plenty of real estate investors who do live off rental income or have a business based around investing in real estate, but I've never personally met someone with $500k+ in REITs. + +Is there a reason not to have a large portfolio of REITs for the purpose of sustainable income? +I believe I represent the next slice of the market for bitcoin. I'm 30-something, male, liberal, and tech savvy by broad societal standards (I rooted my android phone and had ubuntu installed on a laptop at some point). But I'm not a crypto-geek, I'm not a raging libertarian, and I don't do drugs. + +I dialed up bulletin board systems (BBSs) back in the days before the internet, and bitcoin feels a bit like that did for me - something that seems like it could be really big but still somehow missing its potential. + +Here's the problem. I haven't bought any bitcoins. Here's why: + +1. The slew of posts talking about "securing your wallet". A laptop with no hard drive? Live linux installs? "Disable all internet connections!" etc. Not to mentioin the stories that pop up of people "missing" bitcoins. I get it - online wallet's are not as secure but the work that goes into having a secure wallet on my deskstop seems to daunting. Solution: An online wallet with some guarantees. + +2. I can't spend it. I don't want to buy drugs. Every other place I can use bitcoin just instantly exchanges it for dollars. If that's the case, I'll just spend dollars. Yes, I get the anonymity thing - but frankly if I'm buying something and having it sent to my house I'm not anonymous anyway. Solution: make bitcoin purchases "special". Add some value to it that dollars don't have. Either a discount, or a "locked in" price or action figure. Something. + +3. Complexity of purchase. I figured I'd buy a few bitcoins to play around with. So far, I tried to open an account with Mt. Gox (still waiting verification) coinbase (couldn't buy coins) and now campbx (waiting for my dwolla transfer to go through). For a guy like me, going to the bank with cash in hand is not a solution - I need to be able to buy these things from my home and with the speed I'm accustomed to. Solution? Coinbase does it right (but verification needs to be faster), but they don't have the depth to sell. Someone needs to fill this void. + +4. Complexity of the system: Wait. There is my wallet, then there are "change wallets" that somehow live within my wallet? I can increase transaction fee to speed up transfer? I have seen so many posts that say "If you can't understand it, don't buy it". This is exactly the wrong mentality to bring something like this mainstream. It needs to be dead simple. Idiot proof. + +Fix these things, and bitcoin can go mainstream. If not - I think we have another Prodigy (c) on our hands. + +tl/dr: I'm a yuppie. Bitcoin is scary. +Huge shoutout to BullSeed4PussBears. Most of the credit goes to him. + +BBIG reverse merger has way more upside than SPRT. The fundamentals are also way better than sprt..for the reasons below. + +1. Lomotif is the rival to Tik Tok And hasn't even been rolled out in the US yet. Will be huge. +2. They are spinning off emmersive entertainment which is their NFT platform and whoever is holding shares of BBIG gets a 1:1 split of emmersive stock as well. This stock has been rumored to be valued at $2-$3. +3. BBIG has the proxy coming out any day now. + +Let's do the math. If SPRT hits $100 that's 3.5x from current price. + +BBIG fair value is at $35...4x of current price. Add in that it's 40% short... It could easily run to $70 making it 7-8x.. SPRT would have to hit $200+ for the same return... It's not happening. + +There is 60 million shares from Vinco and 44 million shares from Zash, that’s 104 million shares in issue. + +104 million shares x 2.85 dollars is currently a MARKET CAP of around 300 million dollars for Vinco, Zash, & Lomotive. That’s what we are currently valuing everything at. + +The market has YET to factor in that we own 80% of Lomotive which has an independent valuation of 5 billion dollars. 80% of 5 billion is 4 billion so we can add 4 billion on top of 300 million. + +So we are now at a Market Cap of 4.3 BILLION DOLLARS. So 4.3 billion divided by 104 million shares is around $38. + +That’s the fair share price... $38 + +Hope this helps and stop listening to people who have no clue and can’t hold stocks for more than a day. + +20 million Warrants exercised at $9 for BBIG + +Ask yourself - why would an investor do that? + +it would’ve cost a lot more to buy shares on the open market. Therefore, it is an $18 million dollar bet that the stock is going way up. + +Short squeeze, volume increase, upward trend and proxy news are all great. BUT an 18m investment at $9 per share is well enough conviction in itself. + +$BBIG - [https://media.discordapp.net/attachments/543613966728036381/882807025753522216/Screen\_Shot\_2021-09-01\_at\_9.59.15\_PM.png](https://media.discordapp.net/attachments/543613966728036381/882807025753522216/Screen_Shot_2021-09-01_at_9.59.15_PM.png) + +[https://gyazo.com/a3626f2ee74fc227f48c379b53fdeda5](https://gyazo.com/a3626f2ee74fc227f48c379b53fdeda5) + +[https://www.streetinsider.com/dr/news.php?id=18891144](https://www.streetinsider.com/dr/news.php?id=18891144) +Walmart shares rise on strong earnings despite recession signals in the U.S + + [https://mazech.com/2019/08/walmart-continues-to-reap-bumper-harvest-despite-recession-signals-in-the-u-s/](https://mazech.com/2019/08/walmart-continues-to-reap-bumper-harvest-despite-recession-signals-in-the-u-s/) +Graph of this issue: +https://pbs.twimg.com/media/DicAwRmVsAAd97J.jpg + +This chart shows that the five largest S&P 500 stocks have a market capitalization equal to the bottom 282 S&P 500 stocks. This turned out to be something of a Rorschach test, which was not my intention. I just thought it was a powerful visual. I wasn’t really trying to make a point, certainly not the point that many thought I was going for. + +The reason I made that chart was because I was working on this post today, which will attempt to show that there are plenty of other stocks outside of FAANG that are doing just fine. That tweet had the opposite effect. Hopefully this will remedy that. + +The chart below shows the average returns of S&P 500 stocks year-to-date broken down by market cap decile. The first decile is the 50 largest stocks, the second decile is the next 50 largest stocks, and so on. You can plainly see that while the mega caps are performing well, and powering the index higher, there are other stocks that are doing just fine. The 4th, 6th, and 7th deciles are performing better than the 2nd and 3rd. + +It is pretty wild to think that the five largest stocks are as large as the bottom 282 S&P 500 stocks, but the truth is, this is how a cap weighted index works. Yum! Brands can triple and it still would not move the needle of the index as much as if Apple gains 1%. + +We are not in uncharted territory. The Pareto Principle is a feature of financial markets, not a bug. + +Do you think the largest S&P 500 stocks will continue to be equally big and dominant, in market cap, in the future? +“Over the last several days markets have been in turmoil over the new COVID variant omicron. However, data on omicron is sparse, information contradictory, and some media has been exaggerating risks and highlighting worst case scenarios,” chief global strategist Marko Kolanovic and quant strategist Bram Kaplan wrote in a note to clients. They pointed fingers at a “media blitz” on Thanksgiving evening, one of the lowest market liquidity points in a year, that sent growth-sensitive assets crashing. They took issue with a selloff sparked by Moderna’s CEO, who dashed hopes that current vaccines will work against omicron. They argued his comments have been “invalidated by reports from Pfizer, Oxford, the WHO and the Israeli Health Ministry.” + +Kolanovic and Kaplan said their clients are less worried about the variant and more about flight restrictions, which have included barring South African flights, but not European ones, where cases have also been spotted. They described assessments of omicron’s potential transmissibility as confusing at best. “In simple terms, when older variants are spreading via breakthrough infections, new variants will always appear to be significantly more transmissible than older ones.” They backed this up with a tweet by biomathemetician Gabriela Gomes. + +Early reports suggest it may be less deadly, and if confirmed in coming weeks, that could turn omicron into a positive for markets, said the pair. Kolanovic and Kaplan raised the possibility that a less severe and more contagious variant may crowd out more severe variants, potentially speeding up the end of the pandemic and turning it into more of a seasonal flu. That’s amid vaccines and a growing list of treatments to tackle COVID, said the strategists. “If the market were to anticipate that scenario — omicron could be a catalyst for steepening (not flattening) the yield curve, rotation from growth to value, selloff in COVID and lockdown beneficiaries and rally in reopening themes,” said the team. + +“Also, if that scenario were to happen, instead of skipping two letters and naming it omicron, the WHO could have skipped all the way to omega. As such, we view the recent selloff in these segments as an opportunity to buy the dip in cyclicals, commodities and reopening themes, and to position for higher bond yields and steepening,” said the bank’s strategists. Here’s hoping they’re right. + + **The buzz** + +Apple AAPL, -0.32% has reportedly warned suppliers that demand may be softer into 2022. Wedbush analysts lifted shares to $200 from $185, on optimism headed into 2022. They also see the “tech stalwart” as a “safety blanket” in a near-term COVID market storm. + +GlaxoSmithKline GSK, 0.03% GSK, +0.61% says its COVID-19 Sotrovimab antibody treatment is effective against the omicron variant, but based on lab test tubes. The U.S. has unveiled its plan for stricter COVID-19 testing on international travelers. + +WeWork shares WE, -2.65% are down after the co-working space group said it will restate financials and admitted a material weakness. + +Meanwhile, infections in South Africa, which raised the alarm over the variant last week, were at 8,561 on Wednesday, doubling in 24 hours. A top scientist in South Africa has warned that “more severe complications may not present themselves for a few weeks.” + +[https://www.marketwatch.com/story/the-omicron-panic-is-overdone-buy-the-dips-in-these-stocks-says-jpmorgan-11638447971?mod=home-page](https://www.marketwatch.com/story/the-omicron-panic-is-overdone-buy-the-dips-in-these-stocks-says-jpmorgan-11638447971?mod=home-page) +Hello, i only a couple years into learning about investing and i am sort of trying to figure out what exactly causes a company to be broken up. Ive been reading up in a few places like investopedia on the subject. I understand there are two general types: Via anti-trust action or Via spinoffs. For various reasons, some obvious some not, Amazon is incredibly unlikely to split via spinoffs. + +It also appears that in many cases new legislation is made or even required to enforce anti-trust rules or make new ones. + +>The FTC focuses on segments of the economy where consumer spending is high, such as healthcare, pharmaceuticals, professional services, food, energy, computer technology and Internet services... + +Amazon is in almost all of these sectors, it also disrupts sectors it gets into as we have all seen with the aquisition of whole foods. KR recieved a 33% drop just on news of the aquisition. Amazon leads in Voice Assistance, Cloud Services, Ecommerce, and studios. And is a big player in Entertainment and video. Theres already rumors of another aquisition soon. Their entire strategy is undercutting competitors even if it makes them a loss on a particular item or service. + +And lets not forget what we did to [Microsoft](https://en.m.wikipedia.org/wiki/United_States_v._Microsoft_Corp.) when it started killing small companies off + +It seems like the valuation of Amazon is based on this thinking that it will eventually be in every market, every sector, pervasive throughout the world. This seems unacceptable for a captialistic economy. + +www.investopedia.com/terms/a/antitrust.asp + +*I guess my question comes down to where is the line drawn, and amazon is broken up?* Or any company for that matter. + +Further, Why has Amazon been allowed to dominate in such a way? Will it take legislation to break them up? Will the US or European governments take action? + +Disclaimer: I hold *no* stock in AMZN im just observing, trying to figure out how these systems work. Or if they work. + + +When he signed his sales agreement in April, his offer wasn't good but higher than the stock price at the time. The Twitter board initially called the bid insulting. + +Many were thinking the March rally will continue. He had already bought a 10% stake; so he planned to have the price go up close to his bid based on hype, then the board would have 100% rejected his offer, and he would cash out & make like quick 25% in the pump & dump. Just like his con in Corn & DogeCorn. + +But the market tanked later in April & the Twitter board held him to his contract. I guess him waiving all clauses was to make it look as legit as possible given his history with SEC. + +He has no contingency plan & is winging it. There's more downside to TSLA regardless of whether him being CEO or not. He has to sell more shares regularly to maintain margin requirements. +When everything is booming and PoS/Plasma is adopted fully, where will the value be derived from? Just the PoS reward? Need for Gas/Transaction Fees? Scarcity? All of the above? What drives demand/price for ETH in the future? +I’m in it for the long term but getting excited for ETH starting to rise against BC again with BCs incredible upturn (I bought 0.5btc worth of eth) + +I’m guessing usually as the price if bitcoin rises eth doesn’t keep up so it’s value against BTC drops. + +Does it usually catch up again after a while? + + +Looks like all of the markets are going to take a shit on the news of the new Covid variant. Funny thing about the news on that, it is simply the new strain is heavily mutated and we don’t know if that’s bad. We should see this as an opportunity to buy more stocks at a discount. This happened earlier in the year and most stocks have recovered since then. Just like the Warren Buffett quote in the title. Sure everyone’s portfolio is red at the moment. Some people see the red and panic, I see a green opportunity on the horizon. Someone else once said, “scared money don’t make money”. +Here is the game: +You are not allowed to know the price of BTC for exactly 1 week. You can't check it at all for 1 week. + +Then, in exactly 1 week come back to this thread with a guess on what the current price of Bitcoin is. + +Once you have guessed, you may then know the price of BTC. + +Your prize for completing the challenge is: +- long nights of sleep without any stress. + +Ok time starts NOW. + +See you in a week. +**General Overview** + +* We are at a time where investor demand has been proven in the cannabis sector, yet the stocks for the leading US companies in the space are difficult to buy and undervalued compared to their hyped Canadian counterparts. These US companies have much stronger balance sheets, are growing faster, get much less media attention/hype and trade for far lower multiples than their Canadian counterparts. Given that the USA is currently the largest cannabis market, both in legal and illegal sales, and is poised to become the global leader in legal cannabis, I truly see no other investment opportunity quite like this currently available in the market for the average retail investor. I firmly believe that the US cannabis market is one of the best investment opportunities for the upcoming 3-5 years and potentially longer. + +**The Market:** + +* The cannabis market consists of the plant and flower itself, topicals, oils, edibles, beverages, vaporizers/equipment as well as cultivation and real estate. While cannabis is a plant, it’s not really comparable to investing in crops like wheat, corn or other commodities. It’s more comparable to investing in wine rather than investing in grapes themselves. Just like the wine industry isn’t just about growing the grapes, or the tobacco industry isn’t just about growing leaf tobacco. These industries have some of the highest profit margins among consumer products. + +* Data from legal states and countries have reported a similar trend - cannabis flower is the top seller initially, while edibles/topicals and other alternate forms of cannabis are trending up and many experts believe that these will be the top sellers in the future. Many people will simply not smoke or vape anything, but would be open to trying cannabis in a food or topical form if it were available. + + +**US Cannabis as an investor:** + +* Since Cannabis is still illegal federally in the USA, these companies cannot trade on the major US exchanges like the NYSE or NASDAQ. They trade on the smaller Canadian stock exchange (CSE) and the over-the-counter (OTC) markets. This limits the volume and exposure that these stocks get and generally makes them less attractive to many investors, both retail and institutional. + +* The federal illegality of cannabis creates hurdles for US companies. These companies do not have access to traditional banking. This means they cannot accept debit or credit cards in stores and are largely cash businesses. Also, since cannabis cannot be transported across state lines, these companies must set up their entire operation for cultivation and retail in the states they operate in. Many of these companies have operations in multiple states, hence are termed “Multistate Operators” or MSOs. These companies are integrated vertically within the states they operate in, as they create, distribute and sell their own products. + +* Finally, the lack of federal legality prevents access to investment banking and typical financing that is available to businesses. This prevents large institutional investors from investing in these MSOs, and makes large corporations such as big tobacco, pharma and alcohol unable to invest in these companies. + + +**Haven’t we already missed the boat?** + +* You may have heard of several major cannabis companies in the past and maybe even seen their stock have major run ups and felt like the ship has already sailed. I am here to tell you that there is an extremely high chance that you heard of a Canadian cannabis company, or Licensed Producer (LP) as they call them. This includes companies such as Canopy Growth Corp, Aphria, Tilray, Cronos, Sundial Growers, Aurora and Hexo. These are all Canadian companies that do not currently sell cannabis in the US. + +* It’s ironic that many of these Canadian companies, such as Canopy Growth, Tilray and Aphria, are able to be listed on the NASDAQ for the sole reason that they do not sell any cannabis in the USA, while the US cannabis companies are unable to be listed on major US exchanges for actually selling cannabis in the USA. With the major US listing comes major volume, media attention and increased access for both retail and institutional investors. For example, the Canadian companies can be traded on Robinhood, Webull, M1 Finance, Cash app, etc while the American ones cannot be found on those platforms. + + +**Canada vs USA** + +* Canada legalized recreational cannabis in 2018. With legalization, came benefits for these companies and access to traditional banking and investments, financing, availability for mergers, acquisitions, major joint venture deals and listing on major exchanges. + +* In 2020, Canada had $2.1B in cannabis sales. This is an increase of over 120% since 2019. Unfortunately, these numbers are underwhelming and speak to the poor implementation of legalization across the country and the low population in Canada. While this should improve over time, many of the Canadian cannabis companies are way overvalued and lose money year over year, only few of which have real plans for profitability. + +* Compared against Canada’s $2.1B in sales, Colorado had just over $2B in cannabis sales in 2020 alone, which pales in comparison to California’s $4.4B in cannabis sales that same year. + +* In 2020 alone, the USA had $18.3B of legal cannabis sales across recreational and medical states. For comparison, the illegal US sales were estimated to be around $60B in 2020. It’s expected that illegal sales will come down as legal sales increase and prices come down over time to match or beat the illegal market. + +* Legal sales of cannabis in the US are projected to hit $30b by 2025 while only considering states which have legalized or enacted medical laws prior to July of 2019, so this projection does not include states which have enacted cannabis reform since July of 2019 and makes no assumptions for more states to legalize or federal laws to change prior to 2025. + +* The states with legalized or medical cannabis are those in which the US MSOs are building market share and revenue. As of 2021, cannabis is legal 12 US states (California, Alaska, Oregon, Washington, Maine, Colorado, Nevada, Vermont, Michigan, Massachusetts, Illinois, and Arizona), with 3 more states (Montana, New Jersey, and South Dakota) having just voted to legalize in 2020, and Virginia just recently passing legalization to take effect in 2024. + + +* As we can see, there is ample room for growth both at the state level and federal level in the USA. Since the MSOs are vertically integrated within the states they operate in, they have higher gross margins and any changes on the federal level will only further benefit the efficiencies of these companies. + + + +**Canada vs USA - The Numbers** + +* Despite the US companies having higher growth, they carry a value many fold lower than their Canadian counterparts and have stronger balance sheets. To illustrate this, I have provided financial information on major Canadian and US cannabis companies below: + +* [Canadian LPs](https://imgur.com/a/yCvRWw0) + +* [US MSOs](https://imgur.com/a/rWfeax8) + +* The difference is actually quite staggering. The average NTM TEV/REV for the Canadian LPs is 19x and only 7.4x for the US MSOs. Most of the Canadian LPs have negative forward PEs and EBITDAs, while most of the US MSOs have positive EBITDA at decent ratios to TEV and positive forward PEs. The rich multiples of Canadian LPs trading on the major exchanges is further proof of the investor demand for cannabis companies. + + + +**Who are these US cannabis companies?** + +I have provided some financial data for two of the largest US cannabis companies, Curaleaf and Truelieve. The point of this is to show that these companies are not fly-by-night operations that are on the verge of bankruptcy or insolvency. These companies are bringing in hundreds of millions of dollars of revenue each year with strong balance sheets, all while operating under the very limited federal establishment. + +**Curaleaf:** + +* Curaleaf has 101 retail locations, 23 cultivation sites and 30+ processing facilities across 23 US states, and holds #1 market share in legal or medical sales in many of them. +* 2020 revenue was $626m, up 183.5% YoY. +* Gross profit was $315.5m, up 266% YoY +* Adjusted EBITDA was $144.1M, up 556% YoY +* Estimated 2021 revenue of $1.2B with 53% gross margin and $365m EBITDA +* Curaleaf is the market leader in New York, a state which is widely expected to be legalizing cannabis in 2021. + +**Truelieve (as of Q3 2020):** + +* Truelieve has a presence in 6 states, but is the market leader in Florida, which currently has medical use of cannabis, operating 66 stores in the state alone and serving over 383,000 patients just in Q3. +* Florida is expected to vote on cannabis legalization in 2021. +* They are on track to do $515m in revenue in 2020, up 103.8% YoY with $253m.07 EBITDA, up 91% YoY. +* Expected gross margin for 2020 is 72%, up from 65% in 2019 +* Estimated 2021 revenue of $825m, $375m EBITDA and 70% gross margin + + +**The bear cases** + +***It’s just a plant, can’t people just grow it at home?*** + +* Of course it is possible to grow cannabis at home, but most people aren’t going to do that. You can also brew beer at home, but not many people do. It’s a nice hobby for enthusiasts, but not a real concern. + +***What about the Tobacco companies or Acquisitions/Mergers?*** + +* Investors who think that the major retail, food, alcohol or tobacco companies are going to take over and dominate after legalization are in for disappointment. These big, non-cannabis companies cannot even invest in the leaders of the current US cannabis market today. + +* Even after legalization at the federal level, cannabis will be a tightly regulated substance. It will be quite some time before you see weed cigarettes sold at every gas station just like cigarettes. In the current system, states only hand out certain amount of licenses to cannabis retailers, and the leading US MSOs have these licenses and operations set up in the legal states. The most likely federal change would entail a curbing of regulations while leaving implementation up to the states, and this will only further benefit these existing US cannabis companies. While this will likely expand over time, there’s no reason to think that large non-cannabis companies would be able to enter the space shortly post-legalization and get sizable market share without acquiring or merging with one or several of the existing large players in the US market. + +* In the event of future acquisitions, the firm getting acquired typically gets a nice boost in the stock price. I’d rather be holding the cannabis company getting acquired than the big tobacco company doing the buying. + +* I firmly believe that the best investment opportunity in the US cannabis market in terms of % return will be these leading US cannabis companies, not the existing tobacco/retail giants or the existing international cannabis companies. + + + +**Tailwinds and upcoming catalysts:** + +* Approval for cannabis legalization has been on an uptrend among the population across all age groups and demographics. As of November 2020, Gallup reported 68% of Americans being in favor of legalization of cannabis. For reference, this same poll found only 34% approval in 2001. + +* Democrats, Independents and Republicans are all in favor, with 76%, 68% and 51% approving legalization, respectively. + +* The current administration and congress is the most supportive legislator of cannabis law reform that we have ever seen in this country. While federal legalization may still be a few years out, there are some other major legislative acts that would be huge steps for the market: + +* The SAFE act: would allow banks to service cannabis-related companies in compliance with the state laws of their jurisdiction. This bill had 206 co-sponsors in the house and 33 co-sponsors in the Senate. It is currently under review by the Senate Banking Chairman, and the recent elections may put this back in the spotlight. + +* The Marijuana Freedom and Opportunity Act: would decriminalize cannabis by removing it from the controlled substance act - this bill’s lead sponsor was then senate minority leader Chuck Schumer, who is now the senate majority leader. + +* There are several other bills with varying levels of chances to be brought up or passed during this congressional session. The hope is that there will at least be changes to the banking laws through the SAFE act, or that cannabis will at least be moved from schedule 1 on the controlled substance list (indicating it has no medical value and is the same as heroin) to a lower schedule. + +* Even in the worst case of no federal action occurring under Biden, there are 9 states considering legal cannabis and 5 considering medical cannabis efforts in 2021, and more states will continue to enact laws opening them up as new markets over time until legalization at the federal level occurs. + +* Many people will outright just not risk using cannabis while it is still illegal in their region. As more states legalize and as federal laws relax, the total potential audience of cannabis users will rise, both in terms of current users and new users. + + + +**My Strategy:** + +* I am a typical retail investor in the USA. I see so much growth opportunity in this market that instead of choosing specific companies, I chose to buy an ETF which holds only US cannabis companies. This is the MSOS ETF by AdvisorShares, and it’s the only one of its kind holding only US cannabis companies. This ETF trades on the NYSE, and as such, cannot actually hold shares of these US cannabis companies due to federal law. Instead, this ETF holds total return swap derivatives on the companies. These are contracts with institutions like Blackrock where they hold the shares, while MSOS takes all the risk and gain of the shares. It has the same effect as holding the actual shares, but allows MSOS to trade on the NYSE. They are the only ETF that offers this on the market. This fund is actively managed by fund manager Dan Ahrens, a very knowledgeable manager in the space that actually wrote the book on investing in the US cannabis industry. + + +* I see this as an opportunity to invest in a market with massive growth potential and tailwinds before the floodgates of institutional and retail investors have really opened. Whether it takes 3, 5 or 10 years for federal legalization, I see continued growth in this market year over year as more states legalize, federal regulations get lifted and the companies become more efficient. + + +**Discloser:** + +*I am investing in the MSOS ETF as roughly 10-15% of my overall portfolio and plan to keep buying for the forseeable future. Cannabis is a volatile market with inherent risks, invest at your own discretion.* +REITs are soooo cheap right now! Many are down 40%. What's the issue? If rents or building values fell 40%, we have bigger problems on our hands. Does this seem like an overreaction? +Suppose I get $1000 / month in total from dividends from different companies. Do I have to save a percentage of that $12k in order to pay for the taxes for that year? Or is it taxed like income where you get paid dividends after tax? +With the upcoming budget on April 19th, do you think government will take some measures to cool down this crazy hot real estate market? + +[https://www.bloomberg.com/news/articles/2021-03-24/canada-s-biggest-bank-says-the-housing-market-is-overheating](https://www.bloomberg.com/news/articles/2021-03-24/canada-s-biggest-bank-says-the-housing-market-is-overheating) +Why is it that the common advice given to beginner investors is to buy S&P500 etf and hold, but in my anecdotal experience the estimated 8% return doesn’t actually happen? Based on the experience of multiple family friends who have been in the stock market for years on end they typically aren’t able to get 8% yearly. Note these are some of the smartest people I know. + +For those who have been in the stock market for a while: how long have you been investing and how much is your annual return % on avg? +I'm a total beginner now looking to start investing while the market is down. Would appreciate any advice, and my apologies if this is a really stupid question or if my understanding is way off. + +For background I'm 20 years old with no current living expenses, looking to invest $8000 in my TFSA with Questrade. Investing horizon is 3 years for now, but if I can land a job right after school I have no plans to sell off any time soon. + +I've been reading into VEQT as an easy all-in-one diversified ETF. However, I'm wondering why not go all-in on a stable high-dividend stock such as BMO for the dividend payout. + +My logic is as follows: With the market as chaotic as it is now, I have no guarantee of making substantial returns (if any!) within 3 years**.** Whereas if I bought BMO now at $75.10, with its current DPS of $4.12, I could make **$1316.64** from dividends alone, and theoretically wouldn't have to worry about its actual stock fluctuation. This alone would yield around 5.49% annual return. + +This beats out any bonds, GICs, HISAs by a long shot and to me looks much safer than hoping to time the market with an ETFs. Seems a little too easy to be true... + +Any major concerns/errors? +Was just wondering if anybody has experience with this and would like some basic things to look out for.. ie tax implications in both US and Canada on rental income and best way to setup ownership for my kids because I’ve read it can be quite the mess if not set up right +Index funds are so high and real estate in GTA Ontario is overly inflated. I have 50k cash in the bank (it was going to be a down payment- but doesn’t look like it can do much now...) +[tiktok rejects Microsoft deal](https://www.google.ca/amp/s/www.nytimes.com/2020/09/13/technology/tiktok-microsoft-oracle-bytedance.amp.html) + +Looks like the Microsoft-Tiktok deal has fallen through. + + +“The owner of the Chinese app TikTok rejected an offer on Sunday from Microsoft to take over the firm’s U.S. operations, according to Microsoft officials and other people involved in the negotiations, as time runs out on an executive order from President Trump threatening to ban the popular app unless its American operations are sold.” + +However, it appears Oracle is still in the running. + +“The move leaves Oracle — one of the few Silicon Valley firms to publicly ally with Mr. Trump — as the sole publicly known remaining bidder for TikTok.” + +Once there were rumours going around of a potential deal MSFT share price began to rise, but now that the deal’s fallen through, what could this mean for MSFT tomorrow? +First off, I don’t know where that 90% statistic comes from - everyone just repeats it like it is gospel, but I’ve never seen any real verification. + +Still, let’s assume it’s true. Why would 9 out of 10 new day-traders fail? + +I’m sure there are lots of reasons, but I can share what I’ve seen. + +Looking at the questions I get asked from people starting out it’s clear they have spent no time doing their own research. Right now there is more information out there on technical analysis, trade setups, options, etc than ever before. It’s insane that people jump into a field, use their money and have no idea what the basics are or how to use them. + +Platforms even let you paper-trade, but no, nobody wants to do that. The other day someone who was trading asked, “What does it mean when someone says Long AAPL 117.02?” I’m serious, they were literally buying and selling stocks, and asked that question. + +This phenomenon happened awhile back in poker. People watched it on TV, played some games with friends, and then thought they could go to a poker room with their student loan money. They got wiped out. + +So the number 1 reason new traders lose? They don’t take the time to actually learn. + +The next reason? As these uneducated new traders continue on, reloading their accounts for the 5th time, they eventually find a community or two. Perhaps an active chat room during trading hours. They see trade suggestions, or in chat rooms - real time trades, and follow them. They don’t seem to realize that they need an exit plan, technical analysis, where is the stop? When do you take profit? Another example - last week someone followed a trade into KNDI at around $13. KNDI dropped 30 cents and the new trader bailed, but the trader that posted it stayed. Around two hours later the original poster took 50 cents profit. The new trader bought 3,000 shares and lost $900. + +Day trading “looks” easy, like anyone can do it. You buy low, sell high. Done. So everyone tries and most don’t put in the work to get it right. + +I see successful day traders all the time. And I can tell you, they all know it front and back. And it takes a LONG time to get there. It’s a commitment. + +So yes, maybe it’s true that 90% of new day-traders fail. It’s probably also true that 90% of new day-traders don’t bother to actually learn how to day-trade. +A lot of people are watching Daily SMA 100 and treat that as a resistance level. I should say I do exactly the same... In the attempt of quantifying SMA 100 usefulness I backtested the idea of bouncing off Daily SMA 100 and going down. + +[Examples of bounce](https://preview.redd.it/5vhejpiyu8d81.png?width=1362&format=png&auto=webp&s=c4c24b69aa51c3664dcd4b3716b94e0bb16b8406) + +Each day I'm looking for stocks which + +* Belong to iShares Semiconductor ETF $SOXX +* Have been trading near SMA 100 on daily (97-103% range) + +Enter (criteria to open a ⬇️SHORT position): 3min chart + +* Stock price bounces off SMA 100 on Daily +* Price is going down for 3 bars after at least + +Exit (criteria to close a position): 3min chart + +* Price crosses above EMA 50 and stays there for 5 bars or Price crosses above SMA 100 on Daily +* Stop loss 1% + +Initial capital $10,000 + +* Gain is reinvested the next day +* Loss reducing the buying power the next day +* If there are multiple candidates buy the one with highest relative volume vs 10min average + +**Results**: + +|2022|2021|2020|2019|2018| +|:-|:-|:-|:-|:-| +|\+9.8%|\+34.23%|\+0.96%|\+13.61%|\+21.18%| + +&#x200B; + +[2018 - 2022 Results](https://preview.redd.it/ptgg08div8d81.png?width=2896&format=png&auto=webp&s=879c923720960c97fc828e2ed36530da7248d203) + +Disclaimer: all calculations made using [BreakingEquity.com](https://breakingequity.com/) +Hello, + +I currently WFH (on a permanent basis) with a $70,000 salary. I LOVE working from home.. I work in my PJs and I have my personal computer next to me at all times. + +A recruiter private messaged me on LinkedIn asking if I am interested in a position with a hybrid schedule (3/4 days a week in office, 1/2 days WFH). The typical salary is $85k-$100k plus a 5-8% annual bonus. Associate ->Senior (corp. finance). The office is located 45m-1HR from home. I am a single 20 something with no dependents. + +Would it be dumb for me to not consider this position because it is not fully remote? I know it is a \~35% increase in pay (disregarding taxes) and it puts me in a solid position for future job negotiations. +With this whole movement towards Afterpay and millennials being more conscious about getting a credit card, I'm just curious - these credit card companies, banks and non-banks (eg. American Express Australia) have a reputation of making a killing from credit card interest. + +I pay off my credit card monthly and even though my credit limit is larger than my monthly salary, I never spend more than my monthly salary on the card. **Am I a rare unicorn?** I'm just interested in the national statistics on this topic overall. +By fighting against these giveaways, you are actively hindering your company from testing/profits and yourself/others from learning about the technology. + +Minting NFTs and sending them to each other, even for no cost to the receiver, improves your and the senders knowledge (by increasing your interaction with and understanding of what NFTs are/can be, how to make them and how to use/send them). It also provides GameStop/Loopring with a small transaction fee, which goes towards company profits. + +These NFT giveaway posts do not hinder your day. If you see a shitty one, downvote it, ignore it. Don't send it your wallet address. Don't interact, just like all the other shit posts on new. But, this person still spent money with your company, learned about the technology your company is basing it's future on and wanted to share that with you. + +Maybe I'm actually retarded these days, but it's absurd to me that someone could push for limiting interaction with our company's new platform, which it PROFITS from and a bunch of apes all jump on that.... Insanity. You're telling people NOT to shop at GameStop. Wtf. + +I can understand banning asking for tips/gas fees/whatever. But if someone wants to spend their money at your company and give it away to you as a gift, the response is not to tell them "fuck off, that isn't welcome here, you're wasting my energy by causing me to scroll my finger an extra inch". + +If anyone wants to try and say "they don't make that much off of each transaction, it's not like we are stopping much profit", think about how Mastercard and Visa and these card companies profit percentage points off of each card transaction. Businesses pay fees for the convenience of swiping cards for payment. Small processing fees for each transaction add up. Let people send as many as they want, because EACH INTERACTION causes your company to profit. + +Buy at GameStop. DRS if you want your shares in your name. Mint at GameStop/Loopring. Interact. Transact. Spend fees. Stop telling people to not do these things. Rant over. +Hey guys, + +I have been looking at razers stock for a while and they were in a downtrend but now they are starting to rise and I personally think it would be a great time to invest in it. What are your thoughts on it? +[Proof](https://imgur.com/a/SasaQ) (If you believe that everything on the internet must be true. :P) + +Hey guys! + +I've been lurking here for about a year after realizing there is an actual community for folks with my mindset. + +I unfortunately don't have too much of a rags to riches story. My journey started when I joined the workforce in 2013 with a net worth of about -55k from grad school debt. Aside from maxing out a Roth 401k and basic expenses, all my money went into paying down my student loans, which I accomplished early 2015 and at that point had a net worth of about 50k. Since then, the vast majority of my savings has gone into a diversified portfolio of index ETFs and mutual funds managed by robo-advisors (I still max out my 401k but now do 50% traditional and 50% roth to hedge the uncertainty in my future tax rate). Here's the kicker: between late 2015 and mid 2016, I invested $27k in Bitcoin and Ethereum. Those investments have grown from 10% of my net worth to about 55% even after I took ~$74k worth off the table a couple weeks ago to lock in a gain. Without that investment, my net worth would probably be closer to $450k today. + +In terms of jobs, I have worked as either a software engineer or a data and analytics engineer here in Silicon Valley. I currently work at a startup where I am definitely earning below market in terms of cash comp so am hoping the equity works out (but really I joined out of a love for the product - it is one of the robo advisors I use - and out of realizing how much I could grow as an engineer in their organization). + +I try to keep my expenses fairly minimal. I probably spend $50 a month eating out since my work now provides free lunch every day. I live at home with my parents but spend about $1200 a month paying them rent and covering all the groceries for the household. My "splurges" this year have been $600 for a Switch and 3 games + pro controller, $300 for a new phone (the phone itself was $650 but I had a special pool of $ to use on it from my previous job), and $290 for a 1TB SSD I got for myself on black friday to make more room for stuff on my 4yo custom built PC. + +My FIRE amount is currently $3M but hoping to get to around $5M to feel really secure. Feel free to ask any questions in the comments. :) +He pulled a hard inquiry on my credit then called my wife and said our credit was great and that he could get us a better price to refinance. I have not spoken to this guy since closing and I feel like he should have absolutely no right to do this. Michigan by the way + +Left him a message but haven't gotten a call back yet. Kinda pissed because it lowered my credit score. + +EDIT: This is what ACTUALLY happened. + +1. My parents call them 2 days ago about buying a new house (they told me this yesterday) +2. He calls my wife's phone and leaves a voicemail saying he pulled our credit and wanted to talk about what we need to do. My wife assumed this to mean he was offering to refinance. +3. He texted my wife and said disregard all of that. +4. I get an alert on credit karma saying there was a hard pull on my credit which dropped my score. +5. I tell my wife about it over dinner and she mentions the call and text message. +6. I leave a voicemail on the loan officer's machine. +7. I find out from my parents (who only share my LAST name) that they had contacted them about a loan. +8. He calls back and explains that he had their IT pull up their info (we were both already in their system for buying houses in the last couple of years). IT supposedly pulled up ours instead of my parent's info. +9. He calls back again and said he called the creditors about it and that they were going to have it removed from my credit report. + +This is where I'm at currently. **My current plan is to drop it and not do work with them again in the future if he can make it go away from my credit history**. If he can't remove it then I will elevate to his boss, but I'm thinking he'll be able to get it removed. +I feel in the last 100 years the amount of activities truly exclusive to the rich has been reduced quite a bit. Space is a new frontier and at $400k/trip you better make serious money to go that high. + +Anyone setting up a trip this year or next? What do you plan to do up there? +It's the Tuesday after a holiday so I thought it'd be worth having a thread where people can post random bits of advice they find useful for getting by in the poverty world. + +What's a life pro tip you can pass on to the rest of poverty finance that has had a positive impact on your life? +We have made citadel and Kenny mayo as our point of focus through all of this. But when you look at the numbers from recent DD, point 72 and Cohen have been the leader board for months attacking this. It has always been dismissed/downvoted/ FUD. They are more exposed than citadel. Why has the focuse been solely on Kenny rather than the evil Cohen and their operations. + +Edit: just for context I'm adding an additional section and rephrasing the last sentence of OP. + + +Not saying to forget about citadel by any stretch of the imagination. They are designated MM for GME, so they definitely desterve attention. I'm simply saying there are other disgusting companies with the same philosophy as citadel that destroy companies and lives for profit, and they deserve to get some attention from diamond handed apes as well.(72, SUS, etc) +What's the fat way to move long distance? We've done one long distance move, and found it to a lot of work and stress. With a budget of $50-100k, what can be done to make it easier? + +We are particularly stressed about collectibles, since even if a loss is covered by insurance, it will be hard or impossible to replace them. + +Does anybody have experience with using a moving concierge or some temp PA service to outsource some of the stress? + +I'm also curious about chartering a private jet so we can keep our irreplaceables in our possession during the trip to the new location. Is this practical? +This is my 3rd Fortune 500 company and it just seems to be getting worse over time. Politics, severe amnesia, discussing the same topics for years and years and years...recycling the same f$cking slides over and over and no one does shit. If anything involves anything more complex than 2+2 everyone spends 5 hours of back and forth to prevent 20 minutes of work. Some days it’s too much. + +Every week on Tuesdays I go into the conference room for the management meeting to get passed around the table and gang-banged by all the divisions. Today finance started with “why don’t you fix this for me, you should do it even though it’s not your job- ohh, it’s not in your scope- you’re not being very cross functional team like”. + +Next the sales people want me to do all their sales analysis and send to upper management for them to take the spotlight off them (I work in supply chain) so I can go back and forth 200 emails for the next 4 days over some bullshit that doesn’t even relate to my role whatsoever. Never mind the shit I need to do to keep everything running. Sales just wants to relax for the week and make the issues seem like it’s not their fault. “ We were out of $4k worth of a product for one week, now I’m going to miss my forecast by $1M - thanks supplychain guy”. + +I’m a few years away from being FI. I keep telling myself there’s an end date that’s really not that far off and need to make it through, but it tough man! Similar jobs would be much and the same, so I don’t spend a lot of looking for a new gig. + + +1. I know one should always do individual research. Just like to check in on the community so I don't just get stuck in my own head. + +2. Can't stomach IOTA anymore. Finally in profit now, and will cash out -> that means reinvest. I see it might go further up. But after using it for some time, I just can't justify it being such a big part of my portfolio. The concept spoke to me. But not the reality of it as of now (compared to a lot of other products/platforms). + + + +Been looking at Stratis, Waves and Lisk (don't seem to be too overpriced in the market), getting some more "expensive" Ethereum, OmiseGo (erc tokens put me off tbh, but feel free to disagree). + +I currently hold NEO (like everyone else), XRP, ETH. +Every day, someone asks to rate his portfolio or what is the most underrated coin, etc... + +Personally, there's a lot of coins that I like while I dislike shilling : pump a coin is not a good strategy, it's usually followed by a dump and I'd rather take a steady growth than a fast one. + +I'd like to submit my choices and why I have chosen them. Please, critics are welcomed. Disclaimer : it's gonna be a long post. + +**BTC** : it was obviously my first purchase a few years ago but I have always spent it. Yes, it's been a mistake, I could have be way richer than I am today if I kept them. But it's a currency, isn't it ? +Now, I hold most of my BTC and I do think that there's still a lot of room to grow. Segwit implementation is starting to be a success and I hope S2x won't work. Nevertheless, I still think that in order to be more adopted in the future, Bitcoin should be used as a currency and not be held forever. **Price prediction : $10K within two years (with some bumps, obviously)** + +**LTC** : I have always liked this fork, its quickness, its development. /u/Coblee is one of my favourite guys, I love his honesty and his humility. I think that Litecoin has a chance to be used as a currency and more merchants would be wise to accept it. **Price prediction ? 200$ within two years (with some bumps, obviously).** + +**VTC** : I have already made some profits with Vertcoin but I have always bought back my VTC. The community is one of the best and there's a lot of interesting techs. Even though I don't really care about ASIC-Resistance, stealth addresses are really useful. Ledger Nano S, Blue and Trezor will be able to store it, an IOS wallet and an Exchange/Wallet are on their way. Pretty cool. Still, I'd like a rebranding (in French, Vert means Green and I don't think this name helps its adoption). **Price prediction : 20-30$ within two years** + +**Quick thought : I don't think there will be room for these three coins in the long term (5-10 years) because they are very similar. For now, I think it's safe to bet on all of them.** + +**Neo/Gas** : I love the way Neo has been built and this ability to claim Gas is so easy. While I already made profits with Neo, I still think that it's slightly overpriced currently but crypto world is into speculation, right ? Anyway, Neo's leader is one of the most enthusiast and honest guys I have ever read in crypto. The future is promising and I don't think that China will be able to stop it : FUD is just FUD. There's also a connection between Loopring and Da Hongfei and I think it can't hurt for future collaborations. **Price predictions ? 70-100$ within two years.** + +**Qtum** : if Neo is priced like this, Qtum should be too. Just my two IOTA. I guess that the reputation of its leader played a big part in the mind of potential investors. Still, I don't like being influenced by rumors and he has already addressed this topic many times. If the team succeeds to deliver its roadmap (API release, Springmail, Qloha, oracles), then Qtum could be huge. But I do think that it's a long term project. **Price predictions ? 25-40$ within two years**. + +**Quick thought : pay attention that - correct me if I'm wrong - Chinese people are way more interested in Qtum than in Neo, whose community come mostly from Western territory.** + +**Waves Platform** : hmmm, I'm a huge fan of Waves and Sasha Ivanov. I bought my first Waves more than one year ago and I'm still accumulating (current price is a bargain). Yeah, I know that a lot of people are not fond of the current DEX but it's an alpha version. A new GUI/DEX is coming. There's already FIAT gateways, Bitcoin, ETH, LTC and Zec gateways, a pretty cool IOS wallet has just been released and the Bitcoin-NG protocol is currently on the testnet and once in the mainnet, it will make Waves faster than most of the platforms. Moreover, more and more projects are planning their ICOs on Waves because it's stable & secure. The connection with Oceanlab (a development team which is very serious and has alreadly delivered solid tools quicky after their ICO) is also promising. Ah, and the trendy buzzword 'smart contract' is also coming. Waves has always been my hidden gem. **Price predictions ? 15-70$**. It will mostly depend of users adoption. Even though I respect Ethereum a lot, I'd advise people to give a look on Waves. It's user-friendly and most of us are not coders, right ? + +**Navcoin** : Nav is one of my favourite coins out there. First, kudos to the community, humble, cool, genuine. About the coin itself : have you ever sent a transaction with Navcoin ? Wow, it's really, really fast. Anonymous dApps is coming and although I don't know if it will make Nav able to compete with Monero, I think it will make a lot of 'privacy' coins useless (XVG, Zcash, maybe PIVX) and it's way faster than Monero. There's already a FIAT gateway via Changelly available and the team is building a platform in order to buy Nav with FIAT, credit card, Paypal and more. If I sell Nav, it's always in order to buy back. **Price predictions : IMO, it should already be 5$ at least (it's 0.8 currently). If people wake up, 10$ within two years.** + +**Ark** : maybe I'm wrong, but I think that Ark is already user-friendly and that it's very important to be adopted. The dPOS protocol is really cool, even for a small holder. The Ledger wallet implementation has been done. The team will enable market fees, the voting will be cheaper. The ArkVM to allow users to make smart contracts is on its way. Overall, There's a lot of room to grow and I have never lose any money with Ark. **Price predictions ? 10-15$ within two years.** + +**Lisk** : I don't think I could talk about Ark without doing the same with Lisk. You all know that rebrand & SDK release are on their way. Then, the Lisk ecosystem should grow a lot. So ? I'm accumulating for the long term. **Price predictions ? 10-15$ within two years.** + + +**THE DAG CRYPTO** + +**Byteball** : yeah, I know Byteball price is falling but like most of you, I got most of mine for free thanks to the airdrop. Finally, airdrops may have hurt the price since a lot of people dumped their bytes right away. Also, I know that a lot of people are fearful of the lack of decentralisation because most of the witnesses are handled by the founder. IMO, it's a false problem : first, bitcoin, litecoin, even ethereum are not so decentralised either in the end. Plus, everyone can be a witness if the desire is here. In the end, I really don't care about this problem which will be solved. I love the byteball system : the transactions are so fast, the wallets (full & light) are so cool with a chatbot, a store, a betting platform with smart contract. It's so well-advanced and yet, the lack of communication doesn't help Byteball. Anyway, I still think that there is a future for byteball. Some merchants have already started to accept it and there is an incentive cashback program for them and the consumers. It's just the beginning. **Price predictions ? No clue. But Byteball will forever be in my heart and it should be way higher priced than it is today.** + +**IOTA** : like Byteball, the lack of decentralization because of the coordinator or the founder behaviour can frighten people. Again, I don't care : coordinator will be taken off in the future and the founder is just a honest guy who doesn't care about diplomacy. I like that. The tech is awesome, the quickness of the transactions are amazing and there are a lot of collaborations, especially with Bosch. I don't think that people truly understand that IOTA's first goal is not to be used by humans, but by machines. The Internet of things is coming and IOTA has a head start. **Price predictions ? 2$ per MIOTA within two years.** + +**ALSO** + +**Monero** : what can I say about XMR ? Well, it's truly private. I love privacy. Who doesn't ? I really don't think that any governments are able to stop it. No law has been able to stop Bitcoin, no law will stop XMR. This is the aim of decentralization. And yeah, a lot of people looks Monero as the crime currency. Yet, fiat is the first crime currency and don't forget that Bitcoin used to be looked the same way. Invest into your privacy. **Price predictions ? 300$ within two years.** + +**FACTOM** : It amazes me how much people talk about crypto adoption and don't see that FCT is already adopted. It's not a project anymore, it's actually used by corporations. "Don't believe the hype", there's no hype with Factom but it's concrete, solid, it's a rock. Invest into the rock. **Price predictions : no clue.** + + + +**CRYPTOPAYMENTS TOOLS** + +**MTL/OMG** : I think that these tools will help crypto a lot to be adopted. MTL & OMG teams are solid and well funded. Everybody is criticizing the hype around OMG but it's not really the team's fault. I will be short : both are good projects, one is more oriented towards the American Market, the other towards the Asia. I'm in both. **Price predictions ? 20$ within two years ?** + + +**My past ICO : Minexcoin / MNX** (and not MNC). You should give a quick look on it. I won't develop because it's coming into its first exchange this month and I don't want to "shill it". Just FYI : you have the ability to "park" your coins daily, weekly or yearly in order to earn some rewards. It's like PoS or Waves leasing. https://medium.com/minecoin-blog + +**My failed bet : Signatum** I don't know if it's the end. Maybe it was just a Miner's P&D. Maybe it's not the end and I would be glad because, besides the FUD around the project, it was interesting. + +**In the end, I won't talk about Ethereum but I'm it too. I just think that ICO's are hurting ETH and it tires me. But I'm in. I'm also in BAT, SNGLS, LRC and NEM/XEM but it will be for another time. I'm also paying attention on XRB, DLT, BIS.** +https://www.bbc.co.uk/news/business-54000714 + +Not sure this is a surprise given the number of recent mortgage deal posts, but it's interesting to see Moneydata's corroboration nonetheless. And while I don't necessarily disagree with banks' cautious approach given history, the situation for FTB'ers really is unusua, taking into account: + + +- The incredible boom in mortgage transactions; + +- That house prices have just recently been confirmed at an all-time high. + + +I've been a homeowner myself for a long time so this doesn't affect me - but surely all signs point towards this being an unsustainable short-term trend? + + +Also: BBC's mandatory "person sitting over an excessive amount of paperwork with a calculator" photo to represent stress. +NO! You’re not seeing double. The Nasdaq (proxy of the development of internet-based companies) in 1990s-2010s and the price of Bitcoin in 2016–2020 look almost identical. + +https://preview.redd.it/zzn996fjy5l51.png?width=918&format=png&auto=webp&s=2346174cc5dc87bb191aa9e19a30bfd677c53457 + +Big tech companies, such as Amazon and Google weren’t always the titans they are today. First there was a nascent technology with limited adoption, then some market excitement, and before the final boom, a massive crash. Bitcoin saw its massive crash in 2017, it’s time for its final boom. + +If you want to know more, you can read my full article [here](https://medium.com/@bmagb/fortune-teller-or-how-dotcom-was-to-the-internet-what-icos-and-alt-coins-are-to-bitcoin-fe176bae407e?source=friends_link&sk=a1f9b5e2c1ad8d2eeebfb91a38c2bc88). I write about Bitcoin, economics, and my journey in entrepreneurship with lastbit.io +Those of you on the path to FatFIRE in London (or that have completed the path), working in high finance - what are your living arrangements? + +I am early 30s, renting within cycling distance of the City (Islington), which is OK for the moment, but: + +1. Buying seems to make more financial sense over renting longterm, however there is nothing decent to buy under 1mm here - seems much cheaper to rent, housing seems genuinely overpriced (but one could say the same thing 15 years ago too). Don’t like the idea of getting a big mortgage when there is always a risk of losing your job. + +2. Crime. Neighbourhoods are very mixed. One street is good, next one over is dirty and dangerous. + +3. Nowhere seems like a decent place to eventually start a family, even if you could afford to buy. + +4. Commuter towns are more affordable, but most seem depressing and the commute does not help perform better at the job. + +Can you relate? What do you do about this situation? +It might be because of the seemingly endless work from home COVID situation, but we've really started ramping up the thought of a vacation/weekend home again. As a member of the fatFIRE community, I'm (of course) modeling every possible scenario and how it could work out. This work got me contemplating safety nets and risk. + +I am realizing that the regular rules of personal finance stop applying when you hit a certain fatFIRE level. That really starts with the emergency fund. For quite a while, we have had a 1 yr+ emergency fund in cash. Additionally, we're 70/30 stocks/bonds with \~1 yr worth of spending is in VTIP alone. Finally, our taxable portfolio would cover about half of our annual spend in dividends. + +The "problem" starts to arise when I consider that both my wife and I have excellent resumes, solid skills, reasonably stable jobs, great networks, and severance agreements. We are at the point, where we could RE, but we're just not ready. In short, if we lost our jobs tomorrow, we would be fine financially. I modeled out a scenario where we bought our vacation home, dividends take a 25% (see 2008), both of us lost our jobs, it took 2 yrs to find new ones, and the new ones paid half of what we are making now. In that scenario, we're not selling shares and before we touched our shares, we'd be selling some of our VTIP. + +So this all circles back to the initial question. What role does an emergency fund have when your risk is hedged by 2 incomes, unemployment insurance, dividends, and very liquid stable bonds? + +There is a second question about what the right bond allocation is as well. The basic thought is that the bond allocation should go down as the ratio of spending to NW increases. For example, if you spend $200k/yr, and have a $10M portfolio, why have $3M in bonds? Wouldn't it be better to pick something like 5 yrs of spend to hold in bonds + cash, and put the rest in equities? On a $10M portfolio with $200k/yr in spend, it would be a 90/10 split which seems insane on the surface, but might be way more prudent than it seems. +$RUNITE bsc utility token for EPIC fantasy game ⚔️🏰⚔️ + + +Get in early on token launch 🚀 + + +Arcane Lands utilizes an epic world to unite cryptocurrency with gaming! + + +The game: Arcane Lands: captures the user in a rich 2D Isometric environment game world. + + +⚡️Explore the world + + +⚡️Complete Quests + + +⚡️Craft Items + + +⚡️Socialize with other players + + +⚡️Complete dungeons + + +⚡️Defeat world bosses + + +⚡️Collect the rarest of rare collectibles (cosmetics, e.g. swords, boots, hats, armour) + + +Designed to be social, with opportunities to dress 🥋 and gear ⚙️ 🏹 your characters however you desire! + + +Inspired by Endless Online, this game creates that very same chill atmosphere that the developers, like to many, grew up playing. + + +This project was written entirely from scratch in C++ using Allegro 5 and SDL_Net. It has its own custom compiled scripting language, developer terminal, and editor. + + +RUNITE Tokenomics: + + +1.500.000 Total Supply + + +🔥 20% Initial Burn + + +🥞 70% to liquidity at launch + + +💰15% Game Airdrop Wallet (Used for Token Airdrop Rewards in games developed and published by Munk Studios) + + +💰 5% Marketing Wallet + + +💰 5% Dev Wallet (80% locked for a year) + + +Trxn fee + + +3% added to liquidity + + +3% reflected back to holders + + +⚔️🏰ENTER the Arcane Lands 🏰⚔️ + + +TG: https://t.me/RuniteBSC +One of the posters on here asked that I look into a podcast format for some of my personal finance content. I thought that was a great idea and so I’ve been recording episodes of The UK Money Podcast! + +In most episodes I cover a concept of investing or a type of tax wrapper or something, and I look to link this to things that are going on in the world. I also talk about news in the world of personal finance, specifically for listeners in the UK. + +I would love to know the kinds of questions you have and topics you’d like me to cover in the pod, so please let me know! + +Here is the latest episode on [Apple Podcasts](https://podcasts.apple.com/gb/podcast/the-uk-money-podcast/id1540841651?i=1000504085004), [Spotify ](https://open.spotify.com/show/06YWaIKKa7Nm5NZARFb2D2?si=uyIB4QUfTGafRsq4y8Bssw) and [Google Podcasts](https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNDkxMjk1LnJzcw?sa=X&amp;amp;ved=0CAQQ27cFahcKEwjwlY3UlJHuAhUAAAAAHQAAAAAQAQ). It’s available on all your other favourite podcasts apps as well. + +RSS feed for those who’ve asked https://feeds.buzzsprout.com/1491295.rss + +UPDATE: Thankyou everyone for such a great response! I will definitely have to give a shout out to UKPF on the next episode! + +Cheers +I understand the concept of "don't time the market, have time IN the market" + +But I am just struggling to understand how and when to pull the trigger on buying ETF or Stocks +I'm thinking of going all in to XEQT across most of my accounts and just forgetting about it. If it does grow to the large 6 figures or even over a million and I want to liquidate everything in the future, will that be an issue? (I notice XEQT only has about 75k volume per day, I'm wondering if I'll have trouble selling a very large amount one day) +Billionaire investor Carl Icahn is stating that the market dips in the last few days are only the rumblings of a massive 'earthquake' to come. [According to him] (https://www.bnn.ca/carl-icahn-warns-market-nosedive-is-rumbling-of-earthquake-ahead-1.990062) passive investing (Index funds) is a bubble waiting to pop. + +I remember a podcast on CCP where Dan Bortolotti was explaing why Index Funds aren't a bubble, that it's simply fund managers trying to scare investors. + +Thoughts? +I understand the concept of "don't time the market, have time IN the market" + +But I am just struggling to understand how and when to pull the trigger on buying ETF or Stocks +Anyone currently invested in ARKK? What are your current thoughts about the recent drop? For the ones still holding onto the investment do you have fate in Cathie Woods to big the price back up? +I put an offer on a property literally a month ago. Since then we've had some back and forth about a solar panel on the property. We then decided we'll take over the lease of the solar panel and sent over a new offer saying as much. The sellers agent have been giving us the run around. He's saying the sellers dad does not know how to sign offer online therefore the son will bring it to him to sign in person. This was about 2 weeks ago. On Friday, the agent said we'll have the offer signed in his email after 4 pm. As you can see it's now going on Wednesday and nothing. My agent sent him another email on Monday morning and he has yet to respond. This has been the sentiment since out first offer. His communication is horrible. Couple weeks back my agent sent him an email saying he doesn't want to but if it comes to it he'll have to reach out to his broker, what do ya know. He responded that same day. I told my agent today to reach out to his broker. + +There's no recourse for me if after another couple weeks he decides he does not want to sell anymore. We think they're waiting to see if they get a higher offer. Can I take matters into my own hand and call this guy's broker on my own as I feel my agent isn't doing much as well?! Is that a thing or should I let him handle it.. I could have been looking at other properties ya know. +I am located in Cleveland, OH if that helps tailor any opinions. + +I have successfully house hacked 3 duplexes for LTR's and not sure what to do next. + +I actually like this property I am in now and would like to take a break from moving every year so a 4th house hack is low on my priority list right now. + +Do I try finding a small apartment building next? Any advice on finding investors if need be? + +Should I try a fix/flip? Maybe just a SFR investment? + +I am a Loan Officer and business is thin right now so not looking into dumping a whole lot of money in this climate. Does anyone know anything about tax liens? + +Thoughts? +Can't figure out how to unload my investment flip. We've done drastic price decreases and have had one showing, but the buyers are just getting started on their search so wants to wait. Just paid for a water leak to be fixed, and just found out that the furnace fuse has gone out which means more money to fix a house that I will likely earn nothing on, and probably lose a lot more. This property is costing me over $5K per month in interest and carrying costs. I want to get rid of it and move on considering how much we've had to drop the price. + +Just curious, what does it look like if I were to just default on my hard money loan and just let the lender keep the house? At this point I'm so frustrated that I'm dreaming up ways of getting rid of this property. I won't let this happen, but curious on what it looks like at least. +I am located in Cleveland, OH if that helps tailor any opinions. + +I have successfully house hacked 3 duplexes for LTR's and not sure what to do next. + +I actually like this property I am in now and would like to take a break from moving every year so a 4th house hack is low on my priority list right now. + +Do I try finding a small apartment building next? Any advice on finding investors if need be? + +Should I try a fix/flip? Maybe just a SFR investment? + +I am a Loan Officer and business is thin right now so not looking into dumping a whole lot of money in this climate. Does anyone know anything about tax liens? + +Thoughts? + + +In the final stages of accepting my contingent offer by the buyer. It’s a long term investment, in LA market for $500/ $600K. Based on the math my cash flow would be break even or with some positive flow from the first month (accounting for repairs, vacancy loss etc). The purpose of purchasing is twofold long term investment and to help with taxes. + +It looks like the buyer wants to sell the property in “as is” condition & does not want to do termite report (does not feel like a big deal as I can pay for it). However, should these be red flags for me? + +Plus looks like the property is going to need some foundation work (realtor expects about $6K in expenses here) and maybe some roof leaking over time. Of course I am going to do inspections on both things but want to get some perspective from the community if this deal makes sense. My realtor recommendation is to move forward with the terms and then do inspections & appraisal to make sure we identify big red flags & make sure the property is appraised to our offer expectation. Once we have these things done we can then decide if we proceed forward or walk away. + +What does everyone think who has had more experience than me, any questions to ask, red flags, and thoughts on the deal? +Long story short, me and a friend of mine are really interested in real estate and want to buy a rental with our pooled money. We both have been reading a lot of books on buying rentals and building a solid knowledge base before we do anything (he even got his real estate license). + +One thing I haven’t found much info on is pooling money for properties (not for buying outright, but for the down payment). We don’t make tons of money and we could save up separately for down payments for rentals of our own but it would take a year or so. So our idea is we pool our money for a down payment and take out a loan for a duplex or triplex. It would be a clean 50/50 split for everything capex, cash flow, pm, etc. + +We’re both newbies and have only bought our own personal homes and are fully aware mistakes will be made but we feel like we could get more bang for our buck and accomplish our goals faster by pooling money for a property or two. + +Thoughts? + +EDIT: As some have pointed out. This would not be a handshake deal. We would get everything in writing and discuss exit strategies and workloads (though I think we would just get a PM) +Hi everyone! +For the past couple months I've been researching heavily about investing in rental homes. + +As I read books and listen to podcasts it seems most investors live in areas that they can buy homes for rather cheap (less than 100k). I live in a rather expensive area in Texas and finding homes for those prices without needing to be flipped would be few and far between. I don't want to do flips yet until I'm more experienced. I know there's long distance investing, but for my first, I want a property thats local as I'd like to be the property manager so I can learn. + +Anyone have successful experience investing in more expensive markets? Any advice? Thanks so much! +Does anyone know how big time investors structure deals to grow their real estate? + +I want to basically borrow investor money and purchase properties. Very confused on how to structure deals like this. Anyone have any thoughts? +Come on fellas, hold and allow others to join back. If it stays above 10 we win long term, if it shoots up today we win short term + +Don't be a pussy + +Be a king + +Be a ape +As a follow up to [this](https://www.reddit.com/r/algotrading/comments/migxfb/whats_the_catch_with_algo_trading/) post--when should I be confident in an algorithms performance? There was a lot of discussion about the differences in results from *live trading* and *backtesting*, and the general consensus was that an algorithm typically loses performance throughout the process of backtesting, paper trading, and live trading. + +&#x200B; + +If backtesting doesn't properly quantify an algorithms performance, why should I be confident deploying it? Why should I be confident in an algorithm after successful backtests and forward tests if I am not forward testing over a significant period of time? + +&#x200B; + +From your experiences, how much performance would an algorithm lose from the backtest results to live trading? Is it impossible to mimic backtesting results in live trading? If certain backtesters (e.g, quantconnect's backtester) already take into account fees and slippage, then what differences would exist in live trading? +I’ve gotten to the final round of interviews for a junior trader role at a prop shop, and this final round is a mock trading session. In the email the company sent to me, it said the session will be conducted as follows: + +1) Broker comes in and tells “Sep 100 call!” +2) See who is first and how aggressively/quickly they respond +3) Give then a trade (to the first person) 10 lots and watch how they hedge +4) Extra points for keeping log of their position and consider giving limits to their position size + +They also have given me an options table with just a single strike, along with the bid and ask price and quantity. They also show the fair value of the call and put contracts at various prices of the underlying futures contract. + +What should I expect given the above and how do I play best to win at this game? +(Go easy on me I’m new to neural net! : /) + +I’m thinking to enhance my neural network by adding *an additional feature* on the dataset; the following is a generic example: + +Suppose there’s a pattern where ‘*discussions*’ or ‘*decisions*’ by Apple to open up more jobs in China would increase stock return for a particular day. A trader notices this pattern and decided to create a neural net to make a predictive model. + +To engineer the dataset for prediction: + +1. Take the returning value of each day for the past X years as the first column +2. The second column contains values from 0s to 1s - 0s mean no correlation and 1s mean very strong correlation between the decisions and stock performance +3. Third column is the outcome that was recorded over the years (i.e. the average between two returns) + +**Note**: The second step can be any generic feature that the trader observed to be correlated with the improve performance of the stock return. + +So the neural has two inputs, and one output which is the predicted next day return + +&#x200B; + +Would this be a ***typical way of enhancing the stock prediction*** of a neural net? +As a swing trader I already have a pretty good understanding of how the market moves and how to utilize indicators to create trading systems. However, I'd like to start developing trading algos using Python. The problem is I have a pretty limited understanding of Python. So, how difficult is to actually program algos? Also, I'd like to start crafting algos in roughly 4 months time (beginning of my senior year). Is this achievable? +I’ve gotten to the final round of interviews for a junior trader role at a prop shop, and this final round is a mock trading session. In the email the company sent to me, it said the session will be conducted as follows: + +1) Broker comes in and tells “Sep 100 call!” +2) See who is first and how aggressively/quickly they respond +3) Give then a trade (to the first person) 10 lots and watch how they hedge +4) Extra points for keeping log of their position and consider giving limits to their position size +