diff --git "a/reddit_finance_43_250k_380.txt" "b/reddit_finance_43_250k_380.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_380.txt" @@ -0,0 +1,10000 @@ +Remaining balance: 3,225 + +I'm bringing my desk, computer setup, a couple 1u servers, general IT paraphernalia, a OSHA certified health care kit and accompanying bag of drugs, my clothes and linens, and a toolbox full of "around the house" tools. I intend to pack everything into trash bags so I don't have to buy boxes. + +I have a roommate lined up for May who will pay half of the rent, power, water, and internet but ill be taking care of the full amount until he is able to move in. I intend to save up $5,000 then look into buying a car and various household items. I would like to continue investing in my career and would like to budget about $1,000 for that over the next two months if I can afford it. I spoke with my boss yesterday and verified that he was very happy with my current performance. + +Is there anything major that I'm forgetting? Are there going to be high maintenance costs on a car in a cold weather environment or is insurance going to kill me? How much do I even pay for a car in the current economy? Should I buy anything before I move? Is there a good way to find the cheapest electricity and water costs (so far the only recourse I have found is the reported residential public utility cost per KWh per vendor graph in the city I'm moving to.) Is $5,000 enough of an emergency fund before I buy something like a car or some non essential furniture? + +I apologize for the wall of text and any advice you guys can provide will be greatly appreciated. +^&nbsp;(Quoted ^text ^by ^Greg ^Maxwell. ^Reply ^text ^by ^Mike ^Hearn.) + +>Greg M: It was _well_ .... understood that the users of Bitcoin would wish to protect its decenteralization by limiting the size of the chain to keep it verifyable on small devices. + + +No it wasn't. That is something you invented yourself much later. "Small devices" isn't even defined anywhere, so there can't have been any such understanding. + +The actual understanding was the opposite. Satoshi's words: + + "At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware." + +That is from 2008: + +http://satoshi.nakamotoinstitute.org/emails/cryptography/2/#selection-75.16-83.14 + +Then he went on to talk about Moore's law and streaming HD videos and the like. At no point did he ever talk about limiting the system for "small devices". + +I have been both working on and using Bitcoin for longer than you have been around, Gregory. Please don't attempt to bullshit me about what the plan was. And stop obscuring what this is about. It's not some personality cult - the reason I keep beating you over the head with Satoshi's words is because it's that founding vision of the project that brought everyone together, and gave us all a shared goal. + +If Satoshi had said from the start, + + "Bitcoin cannot ever scale. So I intend it to be heavily limited and used only by a handful of people for rare transactions. I picked 1mb as an arbitrary limit to ensure it never gets popular." + +... then I'd have not bothered getting involved. I'd have said, huh, I don't really feel like putting effort into a system that is intended to NOT be popular. And so would many other people. + +&nbsp; + +>Greg M: Don't think you can claim otherwise, because doing so is flat out wrong. + +I just did claim otherwise and no, I am not wrong at all. + +>Greg M: (Which, incidentially, is insanely toxic to any security argument for SPV; ---- and now we see the market failure that results from your and Gavin years long campaign to ignore problems in the mining ecosystem: + +Since when have we "campaigned" to "ignore problems" in the mining ecosystem? What does that even mean? Was it not I who wrote this blog post? + +http://blog.bitcoinfoundation.org/mining-decentralisation-the-low-hanging-fruit/ + +Gregory, you are getting really crazy now. Stop it. The trend towards mining centralisation is not the fault of Gavin or myself, or anyone else. And SPV is exactly what was always intended to be used. It's not something I "fixated" on, it's right there in the white paper. Satoshi even encouraged me to keep working on bitcoinj before he left! + +&nbsp; + +Look, it's clear you have decided that the way Bitcoin was meant to evolve isn't to your personal liking. That's fine. Go make an alt coin where your founding documents state that it's intended to always run on a 2015 Raspberry Pi, or whatever it is you mean by "small device". Remove SPV capability from the protocol so everyone has to fully validate. Make sure that's the understanding that everyone has from day one about what your alt coin is for. Then when someone says, gee, it'd be nice if we had some more capacity, you or someone else can go point at the announcement emails and say "no, GregCoin is meant to always be verifiable on small devices, that's our social contract and it's written into the consensus rules for that reason". + +But your attempt to convert Bitcoin into that altcoin by exploiting a temporary hack is desperate, and deeply upsetting to many people. Not many quit their jobs and created companies to build products only for today's tiny user base. + +&nbsp; + +My list of "things a full node is useful for" wasn't ordered by importance, by the way. + +&nbsp; + +-Mike Hearn +------------------ +_____________________________ +Source: http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-July/009726.html + +Link to sign up: https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev +I’ve seen a lot of posts about Reddit going down again once the inevitable MOASS occurs so I just wanted to break down some possible scenarios for anyone trying to decide at what amount to sell for. This isn’t advice, I just want to provoke some thought. I think the question we should ask is “how much will change my life, for the rest of my life?” + +I know we stick to the “XX” and “XXXX” shares right now but this is not what I claim to have this is just an example: + +Say you own 15 shares. + +Sell 15 @ 1000 share price = $15,000 before tax. That’s a little more than what you would make working part time at $10 bucks an hour for a year. That’s not life changing. Not even worth calculating the taxes for. + +15 @ 10,000. Okay $150,000. That’s nice! About 3 years’ salary based on the US average if you have a degree. Congrats maybe you paid off your house or student loans or bought yourself some time off. Life-changing forever? I don’t think so. + +15 @ 100,000 = $1,500,000. Wow! Over a million now. You’re a millionaire, congrats! Oh wait... let’s start calculating taxes now. These are increasing and for this amount estimated around 37-42%. We’ll use 40%. 1,500,000 x .40 = $600,000. You’re left with $900,000. Hey that’s enough to get you a house, pay of a really nice car or two. Take some years off of work. Enough to set you up for life? Maybe if you’re very conservative. I don’t want to be. I want to change my life and the lives around me. + +15 @ 1,000,000 = $15,000,000. After tax estimate: $9,000,000. Now we’re talking. Let’s keep going though. + +15 @ 10,000,000 = $150 Mil. After tax: $90 Mil. Ninety million dollars. It would really be difficult to hodl to this amount but can you imagine if you did? Did you see what us poor apes already did for the Gorilla fund? Didn’t you see the apes donating gaming consoles to children’s hospitals? + +My non-professional, non-advice is this. Make your number personal. Do the math. Think about what it could mean for you to hodl. For me, I could tell my 69 year old cancer surviving grandmother that she can finally stop working. Same with my parents. I can leave my job and focus on REAL philanthropy like I want to so bad. + +This is why I HODL. + +I can do this. You can do this. We can change our lives and the lives around us. We’ve seen what type of people we’re up against. + +To the moon we go 🚀🚀🚀🐒 + +Edit: my grandma is 69 now. Nice. +Hello, I've been a lurker of this sub a lot and it's been fantastic for me; hopefully it's okay to ask a question here. + +I've had an offer accepted on a flat in a 4 storey block (I'm pretty sure it's less than 18 m if that matters). During viewings the estate agent kept mentioning that the vendor will need to secure an EWS1 form but they see no problems (obviously they're going to say that). + +As of recent, I've been told the EWS1 survey has now been *booked* and it'll take 4-6 weeks 'til I hear a verdict; until this happens I can't reasonably proceed with my searches until I know what state the property is in. A larger block of flats just a few doors down is in the horrible situation where its tenants now need to pay for 24/7 firewatch patrols and are having to have a huge amount of work done. My property has a balcony with wooden decking and it has some wooden decorative cladding to boot. + +[To say I'm spooked by the whole thing is an understatement.](https://www.bbc.co.uk/news/av/business-55847260) The idea of being stuck with a property that's unmortgagable is terrifying. I also understand that this EWS1 survey needs to be done every 5 years now so what's to say this won't become an issue 5 years after I move in? + +Would it be reasonable to just bail on this purchase? I've fortunately not paid anything yet and I'm wondering if it'd be safer just to move further out the city into a terrace house in the middle of nowhere. + +Would very much appreciate the thoughts of users here, thank you +I understand that the IPO will raise a significant amount of money, but is there any report on what alibaba is planning to do with the 20 bn raised through the IPO, and what are its implications? +This is the official AMA (Ask Me Anything) post for **Lucy Komisar (Pt. 2)**, who will be joining u/pinkcatsonacid on [Superstonk Live](https://www.youtube.com/watch?v=wuPizlDY0Ys) for a one-on-one discussion, with questions influenced by and taken directly from this post. + +We had a fantastic time hearing what Lucy had to say about us and about the issue of naked short selling, offshoring, and Gamestop. She had this to say and I think it cannot be understated how BIG OF A DEAL it is that someone of Lucy's caliber, who has been watching this unfold for longer than a lot of us have been alive, has this to say about naked short selling and the GME saga; + +"In the end, as we go down through the years, the decades, it ends with Gamestop." + +[**She also just wrote an article on the topics discussed in her previous AMA!**](https://www.thekomisarscoop.com/2021/05/how-corrupt-brokers-hedge-funds-with-govt-media-facilitators-steal-from-stock-market-investors/) + +&#x200B; + +# Part 2 Topic of Discussion: the Securities and Exchange Commission (SEC) + +&#x200B; + +Lucy will be sharing with us the history and the purpose of the formation of the SEC as well as details on their regulatory oversight. + +&#x200B; + +We will be choosing questions from this thread that have an SEC focus. Other topical questions are unlikely to be answered this time around! + +&#x200B; + +[Lucy Komisar](https://preview.redd.it/o3wkaenodv071.png?width=1542&format=png&auto=webp&s=136d86fbaeaad6ca1c7548d1d7c00ae86bdfa21d) + +# + +# [Part 2 with Lucy will be Monday, May 24, 2021 at 4:30 pm Eastern on Superstonk Live YouTube](https://www.youtube.com/watch?v=wuPizlDY0Ys)!! + +&#x200B; + +**This AMA Post will remain active until the live stream begins, at which point this post will be LOCKED.** Please note that our AMA guests have limited time, and cannot possibly answer all questions, so we encourage you to put some effort into your questions so that they can be upvoted by your fellow apes for visibility. + +\--- + +**YOUTUBE INFO** + +Please note... **This channel is not monetized, nor will it ever be** (screenshot this and hold us accountable), and is strictly for education and discussion as it relates to [r/Superstonk](https://www.reddit.com/r/Superstonk/) topics and the interests of the community. The idea was approved by the mod team, and the channel was created and is administered by [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/). The stream itself will be handled through a third party service with many live-editing features (omitted for security's sake) that allows a stream through Youtube. + +Finally, we made the choice to create this platform because AMA guests seem to prefer the live stream method, since they don't always have a reliable platform to stream from. This allows us to offer them a choice of platform, and also a means of discussion with our members LIVE, that ultimately will cater to the interests of [r/Superstonk](https://www.reddit.com/r/Superstonk/) and this community of diamond handed apes. +I've defended CIBC IE in the past. Don't want to rehash pros/cons, but what I saw this morning seems unbelievable from an actual brokerage. + +CIBC IE rolled out an updated version of their web site. It's been available in Beta for a while, it's ok, not earth shattering. But now it seems to be the only interface. So, I was pretty shocked to go to the ETF screener & Fund Screener and get the following message: + +>Coming soon + +>Our new screeners page isn’t quite done, but will be soon. Once it’s ready, all your saved screener information will be accessible via our new and improved format. Stay tuned! +Hi everyone + +&#x200B; + +As context, my current Registered portfolio is maxed and I've had a non-registered setup through work awhile back that is buying an index fund/ S&P 500 every pay check but recently decided to add my own Wealth Simple Non-Registered account looking for primarily tax efficiency in my investments. + +I am going to go with three different Horizon Swap ETF's that pay no yield so I do not need to worry about my taxation until I sell (Horizon S&P/TSX, Energy, CDN Banks) but wondering what this group does in non-registered accounts? + +Any specific equities on the CDN index that you are holding with No Yield would also be great to hear about. +Well, you've asked and I'll deliver: [this morning I exited my 6/19 SPX 1500 position at -$689k \(almost -90%\)](https://imgur.com/a/Jq0iCX9). + +It doesn't feel great, but it could've been worse. I can't afford to go below $100k so I'm closing things now. My belief in my thesis remains the same; my only mistake is underestimating the Fed's willingness to gamble away America's future just to prop up the stonk market for a month. + +I'll be returning to my regular theta gang activities to climb back out of this hole, but rest assured: [we'll meet again](https://www.youtube.com/watch?v=HsM_VmN6ytk). +https://twitter.com/TigerDirect/status/429347152163115008 + +@2:22:54 he says "in fact, at the end of the show i'd like to set you up with a wallet and some bitcoin" and Joe Rogan says, "Not so sure about that, not so sure about that". + +Joe is usually really open minded and sounds amazed by Bitcoin the whole time then declines in a weird way. What's up with that? Anybody's guess? +I received a concussion at work, filled out an accident report, and went to the hospital. When I received my bill I took it into my workplace and handed it to my boss who looked dumbfounded at it. I told him how I got hurt at work and that was the medical bill but a couple days later a then coworker of mine said he threw it out. I'm still receiving the bills in the mail. What are my options for getting the company to pay? +Been buying and selling for 20 years and I don't get it. Most of the global economic news is not great, we are still running massive deficit spending, the interest rates are at all time lows, there are political crisis's with Turkey and Brazil, oil prices are in the toilet, Russia is on our shit list again, and the economy of the UK looks like its well on its way to recession if not worse (China too). The price-to-earnings ratio is way higher than five- and 10-year averages. That and there is a 50/50 chance of shit or shittier about to be elected president. + +How the hell is any of this good for the markets? Everything I thought I knew does not support these numbers. + +Is there more room up top or are we on the verge of a correction? +Edit: deal is off + +The Tweet: https://twitter.com/cz_binance/status/1590013613586411520 + +> This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire http://FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days. + +I don't follow the space closely but from what I gather + +- Binance announced a few days ago they were selling FTX backed FTT because of issues at FTX, [causing a 30%+ crash](https://coinmarketcap.com/currencies/ftx-token/) of FTT + +- FTX CEO SBF (oh my) denied all this just yesterday https://mobile.twitter.com/SBF_FTX/status/1589598284322328579 + +- However reports of being unable to[ withdraw from FTX](https://techcrunch.com/2022/11/08/ftxs-seemingly-sluggish-withdrawals-raise-eyebrows/) have started recently, along with reports that FTX has a [negative BTC balance](https://cryptoslate.com/bitcoin-balance-on-ftx-exchange-goes-negative-coinglass/) + +- Binance is the #1 crypto exchange while FTX is #3 creating a mega exchange (Coinbase is #2) + +- To further add to the drama, if it's to be believed, Binance worked with the FSB to provide data on Putin foe Alexei Navalny https://cryptobriefing.com/binance-turned-over-user-data-to-russian-authorities-report/ +# INTRODUCTION + +*Welcome back to Theoretical Microeconomics for Apes.* + +In Part 1, titled [Infinity Pool: How GME Will Break the Laws of Supply and Demand and Enable the Money Glitch](https://www.reddit.com/r/Superstonk/comments/o9ifjx/infinity_pool_how_gme_will_break_the_laws_of/), I presented several key microeconomic terms and discussed how GME is poised to become the most studied economic event in history. (*Note*: *Part 2 briefly explains terms, Part 1 goes into greater detail)* + +In Part 2, we will expand the analysis of most feared theoretical concept known to criminal stock counterfeiters everywhere: *INFINITY POOLS*. *Infinity Pools* should only exist in theory; in order to discuss what they are and how they could be possible, you have to stretch your application of ordinary Microeconomic concepts well beyond any "real-world" situation. When you're dying of thirst in the desert, you only need enough water to survive until your next drink; now imagine having to fill a massive oasis 1-bottle at a time, but at survival prices. + +This time, the discussion surrounding *Infinity Pools* will be completely agnostic as to the particular exchange-traded security. Then, we can discuss some hypothetical scenarios regarding the market for GME shares. + +* **Preamble: Market Manipulation and Part 1 Corrections** +* **Section 1: What is an** ***Infinity Pool*** **in Microeconomic Terms?** +* **Section 2: A Microeconomic Snapshot of an** ***Infinity Pool*** +* **Section 3: What Might Happen if GME Has This Type of Shortage?** +* **Conclusion: Key Takeaways** + +*Disclaimer: I am by no means an expert, nor am I giving advice. My goal here is to understand and discuss theoretical Microeconomic principles in relation to the MOASS due to my interest in the underlying mechanics of supply and demand at play. Please refute any incorrect assumptions in the comments and I will amend the post as necessary.* + +**ta;dr:** An *Infinity Pool* is an extreme example of a *Shortage* that can occur due to any combination of independent market conditions. Microeconomic principles say that when this type of *Shortage* occurs, there is no theoretical limit to how high the price can go. + +********************************************************* + +# 0. Preamble: Market Manipulation and Part 1 Corrections + +*Skip to SECTION 1 if you don’t care about these topics (0.1. is long):* + +********************************************************* + +**0.1. Law Ape Here, Let’s Discuss “Market Manipulation.”** + +*Disclaimer: None of this should be construed as legal advice, financial advice, or anything similar. I do not specialize in securities law. This is an opinion meant to serve as the basis for a discussion. Anyone who understands enforcement of market manipulation laws, or who has a more accurate interpretation PLEASE chime in.* + +**Market Manipulation Generally:** + +Regarding market manipulation, the particular law that matters to retail investors is the *Securities and Exchange Act of 1934*, Section 9(a)(2) (*Note:* go read the rest of Section 9 if you want to rage over how under-utilized it is against criminal stock counterfeiters). Section 9(a)(2) effectively states the following: + +* It is illegal for any person or group to directly or indirectly cause trades of a stock to create an appearance of trading activity, or to raise/lower the price, for the purpose of causing other persons to buy or sell that stock. + +Some of the methods that a person or group might use to directly or indirectly cause trades of a stock include (1) Fraud, and (2) Coordination: + +* **(1) Fraud:** Fraudulent acts involve false statements or omission of material facts; in the context of stock price manipulation, fraud involves causing someone to act on false information. To prove fraudulent market manipulation, you must show that the person making the statements knew at the time they were false, and that the statements led to a “reasonable” investor being harmed by trading on the false information. +* **(2) Coordination:** Organizing to coordinate trades with regards to price, trade timing, quantity, or other market conditions can raise issues of market manipulation (e.g., “I have a limit buy set at $X” vs. “let’s set limit buys at $X to prevent a dip”). Discussing personal investment decisions without promoting a scheme does not implicate market manipulation (e.g., “I like this stock, it’s a quality investment and you should buy it too!” vs. “I like this stock, you should buy it for $X so we can increase the price!”). + +**Market Manipulation in the Context of GME:** + +Unfortunately, despite the numerous violations of this law (i.e., 9(a)(2) and other subsections) we have witnessed by SHFs & Co., this law sees about as much use as Steve Cohen’s toothbrush. Instead, it is now being wielded as a vague, ultimately empty threat against retail investors who like a particular stock and want to buy and hold it as part of their personal investing strategy. + +In *Constitutional Law*, laws can be struck down for vagueness when they have a “chilling effect” on speech or association rights. A “chilling effect” occurs when laws or government actions, appearing to target expression, are used to deter the exercise of First Amendment free speech and association rights. This chilling effect can be easily weaponized by private actors because they are free to push a false narrative that has a “chilling effect” without any risk of consequences (i.e., “big daddy SEC is sooo gonna bust you for coordinated market manipulation!”). + +Problems with saying "we," "us," or "our" arise when these collective pronouns are used in conjunction with suggestions of specific actions - regardless, the best solution is to tread carefully and be clear that your investment decisions are purely your own. Referring broadly to "Apes," "Retail Investors," or "SHFs" and discussing the actual or potential collective results of their independent actions is perfectly acceptable, because there is no suggestion of specific action with intent to cause trading activity. + +I personally believe that non-credible threats of market manipulation are being used against retail investors to restrict the spread of valuable, verifiable information that, by definition, cannot be used for fraudulent market manipulation (because it is true, and also does not qualify as insider information). Furthermore, by clearly defining how “coordination” works in the context of market manipulation, Apes can more freely discuss their personal investment decisions in the context of criminally-enabled anomalies related to the supply and demand for exchange-traded securities. + +**ta;dr:** Accusations of “Market Manipulation” against retail investors are complete horse shit – a Hail Mary by desperate criminals to contain the mess they have created. Manipulation would require fraud or coordination. Apes can’t be committing fraud unless they are passing knowingly false information to cause others to trade (\*cough\* *shills*), and they can’t coordinate to manipulate a stock by discussing current market conditions and how those conditions impact their personal investment decisions. + +********************************************************* + +**0.2. Part 1 Corrections** + +***Correction #1:*** *Part 1 Incorrectly stated that Price Elasticity equals the slope of a Supply/Demand Curve.* + +* *Price Elasticities* can vary at any particular point along a *Supply/Demand Curve,* even when the curve appears linear. (*Thank you to* [*/u/ragnaroksunset*](https://www.reddit.com/user/ragnaroksunset) *for the clarification!*) + +https://preview.redd.it/y2qybz05fdd71.png?width=869&format=png&auto=webp&s=ae63dbb358e9583b01f8b68b0a26a7eaf14f980d + +***Correction #2:*** *GME-related numbers (e.g., price, float, institutional ownership) change semi-frequently due to market conditions, leading Part 1 numbers to become quickly outdated.* + +* In response, this post will be agnostic to the current GME-related numbers. The only unit of quantity used will be "Floats." + +********************************************************* + +# Section 1: What is an Infinity Pool in Microeconomic Terms? + + +********************************************************* + +**1.1 Microeconomic Terms Used** ***(Definitions in*** [**Part 1**](https://www.reddit.com/r/Superstonk/comments/o9ifjx/infinity_pool_how_gme_will_break_the_laws_of/)***)*** + +* *Equilibrium* +* *Price Elasticity (of Supply & of Demand)* +* *Quantity Supplied/Demanded* +* *Scarcity* +* *Shortage* +* *Substitute* +* *Supply/Demand Curves* + +********************************************************* + +**1.2.** ***Infinity Pool*** **Originated as a Metaphor for “Shares That Will Never Be Sold”** + +Before we dive directly into the Microeconomics of an *Infinity Pool,* it is important to understand the phrase’s humble roots. + +Per [/u/BluPrince](https://redditpreview.com/u/BluPrince): + +>“\[S\]ome shares simply won't be able to be sold. Some shareholders, statistically speaking, will die or become otherwise incapacitated between now and whenever MOASS is, and their shares probably won't get sold. Other shares might be held by corporations or trusts with specific rules or by-laws that restrict sales or purchases of securities in various ways. Some will be in ETFs that won't rebalance for months. And some might be held by truly ascended apes who voluntarily hold them through the MOASS, refusing to sell those shares at any price. Maybe they plan to pass those shares on to their children like family heirlooms. Maybe they're kept as a memento of the MOASS. Maybe they realize that they can reach their initial price target for 100% of their shares by only selling a fraction of them and just demanding a higher price. Maybe they do it because they believe it helps reduce retail bagholding. Maybe they just like the stock, and don't know what an exit strategy is. + +>For the sake of convenience, I like to refer to the subset of shares that have this property as **the Infinity Pool** \[*emphasis original*\].” + +*Infinity Pool* is a term to collectively refer to independent and unrelated events, investment decisions, and market conditions that impact the available supply of an exchange-traded security. That’s it. However, *Infinity Pool* can also be expressed in Microeconomic terms, which makes it an *exceptionally useful term.* + +********************************************************* + +**1.3. An** ***Infinity Pool*** **is a** ***Shortage*** **on Steroids** + +Under the right market conditions, a guy with water in the desert is carrying an *Infinity Pool* in a bottle. *Infinity Pool* refers to a *Shortage* at a time when *Quantity Demanded* is fixed, and demand must be met. An *Infinity Pool* is only possible with a *non-Substitutable* good/security that the buyer is under an absolute obligation to purchase (e.g., water in the desert, closing shorts after failed margin call). A *Shortage* of this nature has wacky impacts on *Price Elasticities.* + +*Shortages:* + +A *Shortage* is a condition where the *Quantity Demanded* is greater than the *Quantity Supplied* at the market price. +There are three main causes of a *Shortage:* + +1. Increase in demand (e.g., forced closing of short positions, increased popularity) +2. Decrease in supply (e.g., supply lost/destroyed, sudden stoppage of mass counterfeiting) +3. Government intervention (e.g., embargo, illegal goods, resource allocations in times of crisis) + +When a *Shortage* occurs, the market price will typically increase. This incentivizes suppliers to increase the *Quantity Supplied* until it reaches the *Quantity Demanded,* at which point the market for that good is in a state of *Equilibrium* at a particular price and quantity (until market conditions shift again)*.* The *Shortage* exists within the aggregate market supply and demand, it is not a condition that begins once supply has run out. *Shortage* refers to a state in which there are fewer offers to sell than bids to purchase. *Scarcity* relates to availability. (*Shortage* = available/able to be produced, but not for sale; *Scarcity* = currently unavailable, cannot be produced or purchased/sold). + +Ordinarily, *Shortages* do not have an exponential impact on price for several reasons, including the following: + +* With *Substitutable* goods, a different good that is essentially the same can take the place of the good experiencing the *Shortage*. +* When a good experiencing a *Shortage* is not an absolute necessity, the buyer can forgo the purchase entirely. + +https://preview.redd.it/wkc9uaey9fd71.png?width=869&format=png&auto=webp&s=eeae0591a593a8670dde1c4e4048f730b956875b + +********************************************************* + +# Section 2: A Microeconomic Snapshot of an Infinity Pool + +********************************************************* + +**2.1. Introduction** + +This Section presents two sets of hypothetical *Supply and Demand Curves for* an exchange-traded security undergoing a MOASS: + +1. No *Infinity Pool* +2. Yes *Infinity Pool* +3. *Infinity Pool -* Name Your Price + +*Note on Supply/Demand Curves:* Although time must pass for trades to occur, there is no time variable in a *Supply/Demand Curve*. The *Supply and Demand Curves* express the aggregate of *Quantity Supplied* and *Quantity Demanded* in the market at particular prices during a momentary snapshot of market conditions. + +********************************************************* + +**2.2.** **No** ***Infinity Pool***: + +https://preview.redd.it/2vlhu1ctsfd71.png?width=923&format=png&auto=webp&s=2bff5f23f927f9e3955fa36faaa02706df3a7b95 + +********************************************************* + +**2.3. Yes** ***Infinity Pool***: + +https://preview.redd.it/kfsuflpdojd71.jpg?width=945&format=pjpg&auto=webp&s=2343626c4376aa3dc4967c8779c7b05383c78f6a + +********************************************************* + +**2.4.** ***Infinity Pool -*** **Name Your Price** + +*Long Disclaimer: This diagram visualizes the concept of "Name Your Price" as the basis of a thought experiment. In reality, this is an impossible scenario as currently illustrated because trades will need to occur in order to actually move the price. In practice, the real price range would have many influences that this diagram does not account for:* + +* *Trading Halts: for a particular security, and for the market as a whole (Question: We know that, for a particular stock, halts occur due to 10% price moves over a 5-minute rolling basis, but is there any mechanism that limits the actual price change to 10% in-between those halts (i.e., could the price rise 15% on a single trade before a halt begins?).* +* *Brokerage sell limits (i.e., 600% of current market price, $X-XXX million dollars single-security sales cap)* +* *Actual buying and selling behavior of market participants* +* *Any other conceivable influence* + +https://preview.redd.it/5peu0m9utfd71.jpg?width=939&format=pjpg&auto=webp&s=950b840c7366ebfee4831e92f3430844f5b6f781 + +********************************************************* + +# SECTION 3: What Might Happen if GME Has This Type of Shortage? + +********************************************************* + +*Disclaimer: This sort of thing has never happened before. Nobody knows what will happen immediately before, during, or after an Infinity Pool MOASS. Everything in this Section is best classified as an "educated" guess.* + +Ok, now on to our favorite stock. Just for fun, I am going to posit a thought experiment: *what if an Infinity Pool really happened to GME stock*? This section will be shorter and less detailed, partially to save the time and space, and partially because of all the unknown factors. + +********************************************************* + +**3.1. Base Assumptions of This Thought Experiment:** + +* GME has experienced a MOASS with an *Infinity Pool* that equals or exceeds 1 Float +* The price has "stabilized" at some ungodly, unfathomable number +* Zero shares are trading hands +* Despite zero available supply, *Quantity Demanded* (unclosed short positions) still equals or exceeds 1 Float +* Realistically, an "Infinity Squeeze" cannot be allowed to exist in perpetuity. It's an economic black hole that will need to be resolved before a sense of economic normalcy can return. +* Generally speaking, most people would have no fucking clue what is happening and might be shitting their pants a bit. The media will surely have a lot to say. +* I believe that by this point, DTC & Co. will essentially be the sole hodlers of a float-sized bag of financial excrement with the density of a black hole. + +What the actual fuck might happen in response to this scenario?? Seriously though, please share any thoughts/ideas in the comments. + +********************************************************* + +**3.2. How Does One "Drain" an** ***Infinity Pool?*** + +"Draining" an *Infinity Pool* requires one key thing: restoration of liquidity. Restoring liquidity requires a previously unavailable supply of shares to become available, which begs a 2-pronged question: + +1. *How many shares would be required to restore liquidity?* +2. *Where would they come from?* + +********************************************************* + +**3.3. How Many Shares Would be Needed to Restore Liquidity?** + +A lot. + +The actual answer is highly dependent on the quantity of the *Shortage*. Regardless, if enough real shares make it back to the market, they could be traded back and forth enough times to bring the price back to Earth; the rate at which liquidity normalizes would depend on how many of those shares are available. + +Key Takeaways re: Restoring Liquidity: + +* When a counterfeit share is used to close a short position, the phantom share disappears from circulation +* When a real share is used to close a short position, it is returned to a lender who themselves must sell it back to the market before that share can recirculate. Potentially, some portion of these shares would be owned by institutions and be under some form of trading restriction (e.g., ETFs). Returning real shares that cannot be recirculated has the same impact on liquidity as closing with a counterfeit. +* If an *Infinity Pool* = 1 Float, then adding any quantity of shares will increasingly restore liquidity +* If an *Infinity Pool* = 1 Float, then adding 1 Float of shares is guaranteed to fully restore liquidity +* If an *Infinity Pool* = 2 Floats, then adding 1 Float of shares cannot possibly restore liquidity + +********************************************************* + +**3.4. Where Would the Shares Come From?** + +Again, please share any thoughts/ideas in the comments. + +If you needed to acquire a fucking shitload of shares (however many it would take to restore liquidity - 1 Float would likely suffice) and there were zero available at the market , there are two possible sources: + +1. GameStop itself +2. GameStop shareholders + +***Theory #1: GameStop & SEC negotiate the "Mother of All Share Offerings"*** + +IMO, some variation of this theory would have the best outcome for all parties involved (except the shorts, because they are fuk). + +Under its Articles of Incorporation ("AOI"), GameStop is authorized to issue up to 300,000,000 shares of its Class A Common Stock. You may know where I'm going with this by now. + +The government has a gigantic mess to sort out. They can't just take shares from the shareholders. They can't create more shares themselves. They can't just cancel the economy and try again next time. They also can't allow the stock price to sit at unfathomable numbers without resolving the situation. Resolving it in the courts would take months, if not years. There's no time for that when reckless over-leveraging and criminal counterfeiting of stocks has brought the economy to the brink of a depression. + +Enter: GameStop. In this scenario, the government asks GameStop to issue enough shares to restore liquidity and normalize the price. After all, they have roughly 220,000,000 more shares to issue under the current AOI, which *should* be sufficient to fully restore liquidity. The most pain-free way to do it would be to issue enough shares to close all remaining short positions, rather than issuing a portion and allowing the positions to unwind over time. A hefty price tag is negotiated, and at this point the Fed it probably footing the bill. The shares are delivered to DTC & Co, where they are used as some kind of black-hole-neutralizing financial anti-matter. Overall, it's a major double-edged sword. Printing cash would suck major ass, but the government would likely collect multiple times the GDP in revenue when taxes come due. + +Whether or not any aspect of such a negotiation would go to a shareholder vote for approval depends on some combination of the law/ GameStop AOI/ GameStop bylaws. Either way, GameStop now has a boatload of cash. Although the outstanding share count would be significantly diluted by adding 1 Float or more, GameStop could use some of the extra proceeds from the "offering" to compensate shareholders for the dilution: + +>A special dividend is a non-recurring distribution of company assets, usually in the form of cash, to shareholders. A special dividend is usually larger compared to normal dividends paid out by the company and **often tied to a specific event like an asset sale or other windfall event** \[emphasis mine\]**.** + +That said, I'd rather the company just keep all the cash to really juice up that growth strategy. If a dividend was approved, I'd probably just reinvest immediately because I like the stock. + +*Open questions:* + +* Is this possible? +* Would there be a special dividend for existing shareholders as a result of such an offering, and how would that work? + +***Theory #2: Shareholders sell enough shares to restore liquidity*** + +*Psych.* + +This is theoretically possible, but given that, in this scenario, 1 Float+ did not sell during the MOASS, it seems be rather unlikely that shareholders would sell their shares (especially given the non-zero possibility of *Theory #1* occurring). Thus, this theory does not merit much discussion beyond mentioning that it would be contrary to the initial events that led to the need for additional liquidity. + +Additionally, the time and complications involved if institutional investors were to somehow violate their trading restrictions in order to release their own shares into the market for liquidity would likely prohibit use of such a solution. + +Personally, I want so badly to keep my shares in my family, that I'm going to seriously consider a trust instrument to hold the stock for my descendants in a beneficial trust as long as legally possible. Hell, I wouldn't even have to wait for the MOASS to do that. + +********************************************************* + +# Conclusion: Key Takeaways + +* ***Infinity Pool*** **is a metaphorical tool that can also be expressed in Microeconomic terms.** Empty threats of market manipulation cannot censor this concept. *Infinity Pool* refers to independent and unrelated events, investment decisions, and market conditions that impact the available supply of an exchange-traded security. An *Infinity Pool* is also a very unique type of *Shortage*. +* **Short selling (counterfeit short selling, in particular) carries the risk of infinite losses, and an** ***Infinity Pool*** **occurring in a heavily shorted stock is exactly how that happens.** The risk of loss on a short sale is theoretically unlimited since the price of any asset can climb to infinity. An asset doesn't climb to infinity off of organic growth, it happens due to unimaginable extremes in market conditions. The secret ingredient? Yeah it's crime, but it's also government complicity, an unsustainable and dehumanizing culture of greed, and a financial system that uses derivatives, leverage, and information warfare to leech and hoard the wealth of a nation. +* **Increased short-position reporting requirements and much tighter restrictions on shorting practices are absolutely necessary to prevent criminal wealth hoarding.** Imagine if institutions/investors were required to disclose the details of any short position that exceeds 1% of a company's outstanding shares. Imagine if short positions were capped, say at 5% of a company's outstanding shares. Imagine strict fines and penalties for predatory counterfeiting of exchange-traded securities. Imagine a market where you can't possibly bury a galaxy-sized short-position in derivatives or play hot potato with short positions and FTDs. +* **GameStop** **could end up in the position to negotiate the "Mother of All Share Offerings."** This would be a potential solution to restore liquidity in the aftermath of an *Infinity Pool*. +* **During a MOASS, limit orders are the only way.** How can you name your price if you let the market choose it for you? + +********************************************************* + +**Further Reading:** + +[/u/wladeczek44](https://www.reddit.com/user/wladeczek44) performed an interesting analysis on the potential minimum possible quantity at which liquidity would be deadlocked and create an Infinity Squeeze, depending on the amount of counterfeit shares in circulation (posted in a sister-subreddit). I highly recommend finding that post and checking it out. + +********************************************************* + +**Parting Thoughts:** + +Over the past 7 months, my GME shares have become my most prized possession. They represent so much more than a piece of ownership of a company, that it's truly indescribable. Whatever your circumstances, there are millions of others who are eager to do everything they can to improve their communities, and repair some of the last few centuries of damage. The world can be a much better place. + +********************************************************* + +**ta;dr: My favorite holding period is forever.** + +edit: fixed some formatting +# INTRODUCTION + +*Welcome back to Theoretical Microeconomics for Apes.* + +In Part 1, titled [Infinity Pool: How GME Will Break the Laws of Supply and Demand and Enable the Money Glitch](https://www.reddit.com/r/Superstonk/comments/o9ifjx/infinity_pool_how_gme_will_break_the_laws_of/), I presented several key microeconomic terms and discussed how GME is poised to become the most studied economic event in history. (*Note*: *Part 2 briefly explains terms, Part 1 goes into greater detail)* + +In Part 2, we will expand the analysis of most feared theoretical concept known to criminal stock counterfeiters everywhere: *INFINITY POOLS*. *Infinity Pools* should only exist in theory; in order to discuss what they are and how they could be possible, you have to stretch your application of ordinary Microeconomic concepts well beyond any "real-world" situation. When you're dying of thirst in the desert, you only need enough water to survive until your next drink; now imagine having to fill a massive oasis 1-bottle at a time, but at survival prices. + +This time, the discussion surrounding *Infinity Pools* will be completely agnostic as to the particular exchange-traded security. Then, we can discuss some hypothetical scenarios regarding the market for GME shares. + +* **Preamble: Market Manipulation and Part 1 Corrections** +* **Section 1: What is an** ***Infinity Pool*** **in Microeconomic Terms?** +* **Section 2: A Microeconomic Snapshot of an** ***Infinity Pool*** +* **Section 3: What Might Happen if GME Has This Type of Shortage?** +* **Conclusion: Key Takeaways** + +*Disclaimer: I am by no means an expert, nor am I giving advice. My goal here is to understand and discuss theoretical Microeconomic principles in relation to the MOASS due to my interest in the underlying mechanics of supply and demand at play. Please refute any incorrect assumptions in the comments and I will amend the post as necessary.* + +**ta;dr:** An *Infinity Pool* is an extreme example of a *Shortage* that can occur due to any combination of independent market conditions. Microeconomic principles say that when this type of *Shortage* occurs, there is no theoretical limit to how high the price can go. + +********************************************************* + +# 0. Preamble: Market Manipulation and Part 1 Corrections + +*Skip to SECTION 1 if you don’t care about these topics (0.1. is long):* + +********************************************************* + +**0.1. Law Ape Here, Let’s Discuss “Market Manipulation.”** + +*Disclaimer: None of this should be construed as legal advice, financial advice, or anything similar. I do not specialize in securities law. This is an opinion meant to serve as the basis for a discussion. Anyone who understands enforcement of market manipulation laws, or who has a more accurate interpretation PLEASE chime in.* + +**Market Manipulation Generally:** + +Regarding market manipulation, the particular law that matters to retail investors is the *Securities and Exchange Act of 1934*, Section 9(a)(2) (*Note:* go read the rest of Section 9 if you want to rage over how under-utilized it is against criminal stock counterfeiters). Section 9(a)(2) effectively states the following: + +* It is illegal for any person or group to directly or indirectly cause trades of a stock to create an appearance of trading activity, or to raise/lower the price, for the purpose of causing other persons to buy or sell that stock. + +Some of the methods that a person or group might use to directly or indirectly cause trades of a stock include (1) Fraud, and (2) Coordination: + +* **(1) Fraud:** Fraudulent acts involve false statements or omission of material facts; in the context of stock price manipulation, fraud involves causing someone to act on false information. To prove fraudulent market manipulation, you must show that the person making the statements knew at the time they were false, and that the statements led to a “reasonable” investor being harmed by trading on the false information. +* **(2) Coordination:** Organizing to coordinate trades with regards to price, trade timing, quantity, or other market conditions can raise issues of market manipulation (e.g., “I have a limit buy set at $X” vs. “let’s set limit buys at $X to prevent a dip”). Discussing personal investment decisions without promoting a scheme does not implicate market manipulation (e.g., “I like this stock, it’s a quality investment and you should buy it too!” vs. “I like this stock, you should buy it for $X so we can increase the price!”). + +**Market Manipulation in the Context of GME:** + +Unfortunately, despite the numerous violations of this law (i.e., 9(a)(2) and other subsections) we have witnessed by SHFs & Co., this law sees about as much use as Steve Cohen’s toothbrush. Instead, it is now being wielded as a vague, ultimately empty threat against retail investors who like a particular stock and want to buy and hold it as part of their personal investing strategy. + +In *Constitutional Law*, laws can be struck down for vagueness when they have a “chilling effect” on speech or association rights. A “chilling effect” occurs when laws or government actions, appearing to target expression, are used to deter the exercise of First Amendment free speech and association rights. This chilling effect can be easily weaponized by private actors because they are free to push a false narrative that has a “chilling effect” without any risk of consequences (i.e., “big daddy SEC is sooo gonna bust you for coordinated market manipulation!”). + +Problems with saying "we," "us," or "our" arise when these collective pronouns are used in conjunction with suggestions of specific actions - regardless, the best solution is to tread carefully and be clear that your investment decisions are purely your own. Referring broadly to "Apes," "Retail Investors," or "SHFs" and discussing the actual or potential collective results of their independent actions is perfectly acceptable, because there is no suggestion of specific action with intent to cause trading activity. + +I personally believe that non-credible threats of market manipulation are being used against retail investors to restrict the spread of valuable, verifiable information that, by definition, cannot be used for fraudulent market manipulation (because it is true, and also does not qualify as insider information). Furthermore, by clearly defining how “coordination” works in the context of market manipulation, Apes can more freely discuss their personal investment decisions in the context of criminally-enabled anomalies related to the supply and demand for exchange-traded securities. + +**ta;dr:** Accusations of “Market Manipulation” against retail investors are complete horse shit – a Hail Mary by desperate criminals to contain the mess they have created. Manipulation would require fraud or coordination. Apes can’t be committing fraud unless they are passing knowingly false information to cause others to trade (\*cough\* *shills*), and they can’t coordinate to manipulate a stock by discussing current market conditions and how those conditions impact their personal investment decisions. + +********************************************************* + +**0.2. Part 1 Corrections** + +***Correction #1:*** *Part 1 Incorrectly stated that Price Elasticity equals the slope of a Supply/Demand Curve.* + +* *Price Elasticities* can vary at any particular point along a *Supply/Demand Curve,* even when the curve appears linear. (*Thank you to* [*/u/ragnaroksunset*](https://www.reddit.com/user/ragnaroksunset) *for the clarification!*) + +https://preview.redd.it/y2qybz05fdd71.png?width=869&format=png&auto=webp&s=ae63dbb358e9583b01f8b68b0a26a7eaf14f980d + +***Correction #2:*** *GME-related numbers (e.g., price, float, institutional ownership) change semi-frequently due to market conditions, leading Part 1 numbers to become quickly outdated.* + +* In response, this post will be agnostic to the current GME-related numbers. The only unit of quantity used will be "Floats." + +********************************************************* + +# Section 1: What is an Infinity Pool in Microeconomic Terms? + + +********************************************************* + +**1.1 Microeconomic Terms Used** ***(Definitions in*** [**Part 1**](https://www.reddit.com/r/Superstonk/comments/o9ifjx/infinity_pool_how_gme_will_break_the_laws_of/)***)*** + +* *Equilibrium* +* *Price Elasticity (of Supply & of Demand)* +* *Quantity Supplied/Demanded* +* *Scarcity* +* *Shortage* +* *Substitute* +* *Supply/Demand Curves* + +********************************************************* + +**1.2.** ***Infinity Pool*** **Originated as a Metaphor for “Shares That Will Never Be Sold”** + +Before we dive directly into the Microeconomics of an *Infinity Pool,* it is important to understand the phrase’s humble roots. + +Per [/u/BluPrince](https://redditpreview.com/u/BluPrince): + +>“\[S\]ome shares simply won't be able to be sold. Some shareholders, statistically speaking, will die or become otherwise incapacitated between now and whenever MOASS is, and their shares probably won't get sold. Other shares might be held by corporations or trusts with specific rules or by-laws that restrict sales or purchases of securities in various ways. Some will be in ETFs that won't rebalance for months. And some might be held by truly ascended apes who voluntarily hold them through the MOASS, refusing to sell those shares at any price. Maybe they plan to pass those shares on to their children like family heirlooms. Maybe they're kept as a memento of the MOASS. Maybe they realize that they can reach their initial price target for 100% of their shares by only selling a fraction of them and just demanding a higher price. Maybe they do it because they believe it helps reduce retail bagholding. Maybe they just like the stock, and don't know what an exit strategy is. + +>For the sake of convenience, I like to refer to the subset of shares that have this property as **the Infinity Pool** \[*emphasis original*\].” + +*Infinity Pool* is a term to collectively refer to independent and unrelated events, investment decisions, and market conditions that impact the available supply of an exchange-traded security. That’s it. However, *Infinity Pool* can also be expressed in Microeconomic terms, which makes it an *exceptionally useful term.* + +********************************************************* + +**1.3. An** ***Infinity Pool*** **is a** ***Shortage*** **on Steroids** + +Under the right market conditions, a guy with water in the desert is carrying an *Infinity Pool* in a bottle. *Infinity Pool* refers to a *Shortage* at a time when *Quantity Demanded* is fixed, and demand must be met. An *Infinity Pool* is only possible with a *non-Substitutable* good/security that the buyer is under an absolute obligation to purchase (e.g., water in the desert, closing shorts after failed margin call). A *Shortage* of this nature has wacky impacts on *Price Elasticities.* + +*Shortages:* + +A *Shortage* is a condition where the *Quantity Demanded* is greater than the *Quantity Supplied* at the market price. +There are three main causes of a *Shortage:* + +1. Increase in demand (e.g., forced closing of short positions, increased popularity) +2. Decrease in supply (e.g., supply lost/destroyed, sudden stoppage of mass counterfeiting) +3. Government intervention (e.g., embargo, illegal goods, resource allocations in times of crisis) + +When a *Shortage* occurs, the market price will typically increase. This incentivizes suppliers to increase the *Quantity Supplied* until it reaches the *Quantity Demanded,* at which point the market for that good is in a state of *Equilibrium* at a particular price and quantity (until market conditions shift again)*.* The *Shortage* exists within the aggregate market supply and demand, it is not a condition that begins once supply has run out. *Shortage* refers to a state in which there are fewer offers to sell than bids to purchase. *Scarcity* relates to availability. (*Shortage* = available/able to be produced, but not for sale; *Scarcity* = currently unavailable, cannot be produced or purchased/sold). + +Ordinarily, *Shortages* do not have an exponential impact on price for several reasons, including the following: + +* With *Substitutable* goods, a different good that is essentially the same can take the place of the good experiencing the *Shortage*. +* When a good experiencing a *Shortage* is not an absolute necessity, the buyer can forgo the purchase entirely. + +https://preview.redd.it/wkc9uaey9fd71.png?width=869&format=png&auto=webp&s=eeae0591a593a8670dde1c4e4048f730b956875b + +********************************************************* + +# Section 2: A Microeconomic Snapshot of an Infinity Pool + +********************************************************* + +**2.1. Introduction** + +This Section presents two sets of hypothetical *Supply and Demand Curves for* an exchange-traded security undergoing a MOASS: + +1. No *Infinity Pool* +2. Yes *Infinity Pool* +3. *Infinity Pool -* Name Your Price + +*Note on Supply/Demand Curves:* Although time must pass for trades to occur, there is no time variable in a *Supply/Demand Curve*. The *Supply and Demand Curves* express the aggregate of *Quantity Supplied* and *Quantity Demanded* in the market at particular prices during a momentary snapshot of market conditions. + +********************************************************* + +**2.2.** **No** ***Infinity Pool***: + +https://preview.redd.it/2vlhu1ctsfd71.png?width=923&format=png&auto=webp&s=2bff5f23f927f9e3955fa36faaa02706df3a7b95 + +********************************************************* + +**2.3. Yes** ***Infinity Pool***: + +https://preview.redd.it/kfsuflpdojd71.jpg?width=945&format=pjpg&auto=webp&s=2343626c4376aa3dc4967c8779c7b05383c78f6a + +********************************************************* + +**2.4.** ***Infinity Pool -*** **Name Your Price** + +*Long Disclaimer: This diagram visualizes the concept of "Name Your Price" as the basis of a thought experiment. In reality, this is an impossible scenario as currently illustrated because trades will need to occur in order to actually move the price. In practice, the real price range would have many influences that this diagram does not account for:* + +* *Trading Halts: for a particular security, and for the market as a whole (Question: We know that, for a particular stock, halts occur due to 10% price moves over a 5-minute rolling basis, but is there any mechanism that limits the actual price change to 10% in-between those halts (i.e., could the price rise 15% on a single trade before a halt begins?).* +* *Brokerage sell limits (i.e., 600% of current market price, $X-XXX million dollars single-security sales cap)* +* *Actual buying and selling behavior of market participants* +* *Any other conceivable influence* + +https://preview.redd.it/5peu0m9utfd71.jpg?width=939&format=pjpg&auto=webp&s=950b840c7366ebfee4831e92f3430844f5b6f781 + +********************************************************* + +# SECTION 3: What Might Happen if GME Has This Type of Shortage? + +********************************************************* + +*Disclaimer: This sort of thing has never happened before. Nobody knows what will happen immediately before, during, or after an Infinity Pool MOASS. Everything in this Section is best classified as an "educated" guess.* + +Ok, now on to our favorite stock. Just for fun, I am going to posit a thought experiment: *what if an Infinity Pool really happened to GME stock*? This section will be shorter and less detailed, partially to save the time and space, and partially because of all the unknown factors. + +********************************************************* + +**3.1. Base Assumptions of This Thought Experiment:** + +* GME has experienced a MOASS with an *Infinity Pool* that equals or exceeds 1 Float +* The price has "stabilized" at some ungodly, unfathomable number +* Zero shares are trading hands +* Despite zero available supply, *Quantity Demanded* (unclosed short positions) still equals or exceeds 1 Float +* Realistically, an "Infinity Squeeze" cannot be allowed to exist in perpetuity. It's an economic black hole that will need to be resolved before a sense of economic normalcy can return. +* Generally speaking, most people would have no fucking clue what is happening and might be shitting their pants a bit. The media will surely have a lot to say. +* I believe that by this point, DTC & Co. will essentially be the sole hodlers of a float-sized bag of financial excrement with the density of a black hole. + +What the actual fuck might happen in response to this scenario?? Seriously though, please share any thoughts/ideas in the comments. + +********************************************************* + +**3.2. How Does One "Drain" an** ***Infinity Pool?*** + +"Draining" an *Infinity Pool* requires one key thing: restoration of liquidity. Restoring liquidity requires a previously unavailable supply of shares to become available, which begs a 2-pronged question: + +1. *How many shares would be required to restore liquidity?* +2. *Where would they come from?* + +********************************************************* + +**3.3. How Many Shares Would be Needed to Restore Liquidity?** + +A lot. + +The actual answer is highly dependent on the quantity of the *Shortage*. Regardless, if enough real shares make it back to the market, they could be traded back and forth enough times to bring the price back to Earth; the rate at which liquidity normalizes would depend on how many of those shares are available. + +Key Takeaways re: Restoring Liquidity: + +* When a counterfeit share is used to close a short position, the phantom share disappears from circulation +* When a real share is used to close a short position, it is returned to a lender who themselves must sell it back to the market before that share can recirculate. Potentially, some portion of these shares would be owned by institutions and be under some form of trading restriction (e.g., ETFs). Returning real shares that cannot be recirculated has the same impact on liquidity as closing with a counterfeit. +* If an *Infinity Pool* = 1 Float, then adding any quantity of shares will increasingly restore liquidity +* If an *Infinity Pool* = 1 Float, then adding 1 Float of shares is guaranteed to fully restore liquidity +* If an *Infinity Pool* = 2 Floats, then adding 1 Float of shares cannot possibly restore liquidity + +********************************************************* + +**3.4. Where Would the Shares Come From?** + +Again, please share any thoughts/ideas in the comments. + +If you needed to acquire a fucking shitload of shares (however many it would take to restore liquidity - 1 Float would likely suffice) and there were zero available at the market , there are two possible sources: + +1. GameStop itself +2. GameStop shareholders + +***Theory #1: GameStop & SEC negotiate the "Mother of All Share Offerings"*** + +IMO, some variation of this theory would have the best outcome for all parties involved (except the shorts, because they are fuk). + +Under its Articles of Incorporation ("AOI"), GameStop is authorized to issue up to 300,000,000 shares of its Class A Common Stock. You may know where I'm going with this by now. + +The government has a gigantic mess to sort out. They can't just take shares from the shareholders. They can't create more shares themselves. They can't just cancel the economy and try again next time. They also can't allow the stock price to sit at unfathomable numbers without resolving the situation. Resolving it in the courts would take months, if not years. There's no time for that when reckless over-leveraging and criminal counterfeiting of stocks has brought the economy to the brink of a depression. + +Enter: GameStop. In this scenario, the government asks GameStop to issue enough shares to restore liquidity and normalize the price. After all, they have roughly 220,000,000 more shares to issue under the current AOI, which *should* be sufficient to fully restore liquidity. The most pain-free way to do it would be to issue enough shares to close all remaining short positions, rather than issuing a portion and allowing the positions to unwind over time. A hefty price tag is negotiated, and at this point the Fed it probably footing the bill. The shares are delivered to DTC & Co, where they are used as some kind of black-hole-neutralizing financial anti-matter. Overall, it's a major double-edged sword. Printing cash would suck major ass, but the government would likely collect multiple times the GDP in revenue when taxes come due. + +Whether or not any aspect of such a negotiation would go to a shareholder vote for approval depends on some combination of the law/ GameStop AOI/ GameStop bylaws. Either way, GameStop now has a boatload of cash. Although the outstanding share count would be significantly diluted by adding 1 Float or more, GameStop could use some of the extra proceeds from the "offering" to compensate shareholders for the dilution: + +>A special dividend is a non-recurring distribution of company assets, usually in the form of cash, to shareholders. A special dividend is usually larger compared to normal dividends paid out by the company and **often tied to a specific event like an asset sale or other windfall event** \[emphasis mine\]**.** + +That said, I'd rather the company just keep all the cash to really juice up that growth strategy. If a dividend was approved, I'd probably just reinvest immediately because I like the stock. + +*Open questions:* + +* Is this possible? +* Would there be a special dividend for existing shareholders as a result of such an offering, and how would that work? + +***Theory #2: Shareholders sell enough shares to restore liquidity*** + +*Psych.* + +This is theoretically possible, but given that, in this scenario, 1 Float+ did not sell during the MOASS, it seems be rather unlikely that shareholders would sell their shares (especially given the non-zero possibility of *Theory #1* occurring). Thus, this theory does not merit much discussion beyond mentioning that it would be contrary to the initial events that led to the need for additional liquidity. + +Additionally, the time and complications involved if institutional investors were to somehow violate their trading restrictions in order to release their own shares into the market for liquidity would likely prohibit use of such a solution. + +Personally, I want so badly to keep my shares in my family, that I'm going to seriously consider a trust instrument to hold the stock for my descendants in a beneficial trust as long as legally possible. Hell, I wouldn't even have to wait for the MOASS to do that. + +********************************************************* + +# Conclusion: Key Takeaways + +* ***Infinity Pool*** **is a metaphorical tool that can also be expressed in Microeconomic terms.** Empty threats of market manipulation cannot censor this concept. *Infinity Pool* refers to independent and unrelated events, investment decisions, and market conditions that impact the available supply of an exchange-traded security. An *Infinity Pool* is also a very unique type of *Shortage*. +* **Short selling (counterfeit short selling, in particular) carries the risk of infinite losses, and an** ***Infinity Pool*** **occurring in a heavily shorted stock is exactly how that happens.** The risk of loss on a short sale is theoretically unlimited since the price of any asset can climb to infinity. An asset doesn't climb to infinity off of organic growth, it happens due to unimaginable extremes in market conditions. The secret ingredient? Yeah it's crime, but it's also government complicity, an unsustainable and dehumanizing culture of greed, and a financial system that uses derivatives, leverage, and information warfare to leech and hoard the wealth of a nation. +* **Increased short-position reporting requirements and much tighter restrictions on shorting practices are absolutely necessary to prevent criminal wealth hoarding.** Imagine if institutions/investors were required to disclose the details of any short position that exceeds 1% of a company's outstanding shares. Imagine if short positions were capped, say at 5% of a company's outstanding shares. Imagine strict fines and penalties for predatory counterfeiting of exchange-traded securities. Imagine a market where you can't possibly bury a galaxy-sized short-position in derivatives or play hot potato with short positions and FTDs. +* **GameStop** **could end up in the position to negotiate the "Mother of All Share Offerings."** This would be a potential solution to restore liquidity in the aftermath of an *Infinity Pool*. +* **During a MOASS, limit orders are the only way.** How can you name your price if you let the market choose it for you? + +********************************************************* + +**Further Reading:** + +[/u/wladeczek44](https://www.reddit.com/user/wladeczek44) performed an interesting analysis on the potential minimum possible quantity at which liquidity would be deadlocked and create an Infinity Squeeze, depending on the amount of counterfeit shares in circulation (posted in a sister-subreddit). I highly recommend finding that post and checking it out. + +********************************************************* + +**Parting Thoughts:** + +Over the past 7 months, my GME shares have become my most prized possession. They represent so much more than a piece of ownership of a company, that it's truly indescribable. Whatever your circumstances, there are millions of others who are eager to do everything they can to improve their communities, and repair some of the last few centuries of damage. The world can be a much better place. + +********************************************************* + +**ta;dr: My favorite holding period is forever.** + +edit: fixed some formatting +**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/). +https://www.cnbc.com/2022/12/14/sec-charges-social-media-influencers-in-alleged-100-million-fraud-scheme.html + +The Securities and Exchange Commission charged seven social media influencers with using Twitter and Discord to commit securities fraud and an additional influencer with aiding and abetting the alleged $100 million scheme, the agency announced on Wednesday. The seven charged with securities fraud used the social media platforms to manipulate exchange-traded stocks in a scheme going back to at least January 2020, the SEC alleged. Through widely-followed Twitter accounts and stock trading chatrooms on Discord, the defendants allegedly “promoted themselves as successful traders,” according to an SEC press release and allegedly encouraged followers to buy stocks that they also purchased. + +But they did not disclose to their followers while promoting those stocks that they allegedly planned to later sell shares once prices or trading volumes rose, according to the complaint. The influencers allegedly gained a profit by pumping the stock prices and then selling once they rose, earning about $100 million in total, the SEC claims. The eight also face criminal charges from the Department of Justice’s Fraud Section and the U.S. Attorney’s Office for the Southern District of Texas. Each of the defendants had well over 100,000 Twitter followers as of this month, the complaint states. One of those accounts, @PJ_Matlock, run by Texas resident Perry Matlock who calls himself the CEO of Atlas Trading, no longer exists as of Wednesday. The other primary defendants accused of securities fraud (and their Twitter handles) are Edward Constantin (@MrZackMorris), Thomas Cooperman (@ohheytommy), Gary Deel (@notoriousalerts), Mitchell Hennessey (@Hugh_Henne), Stefan Hrvatin (@LadeBackk) and John Rybarcyzk (@Ultra_Calls). Daniel Knight (@DipDeity) was charged with aiding and abetting the alleged scheme, in part by co-hosting a podcast that promoted some of the primary defendants as expert traders. The SEC alleged Knight also traded with the other defendants and saw profits from the scheme. + +Some of the defendants’ Twitter bios include disclaimers at least as of Wednesday that appear to try to mitigate their legal risks. For example, Constantin’s account says “All my tweets are just my opinions. I’m still not a financial advisor. Parody account.” Hennessey’s says, “Everything is my opinion.I actively trade positions.Not a pro,Not Financial Advice,probably do the opposite.” Rybarcyzk’s reads “DISCLAIMER: My tweets are NOT recommendations to enter a stock. - Ideas shared on Twitter are NOT buy or sell signals. DO NOT TRADE BASED ON SOCIAL MEDIA.” Knight’s bio says, “don’t buy/sell off my tweets EVER.” +“How are you going to spend your Christmas bonus?” +“Why are you trying to find a good used car, why don’t you just buy a new car?” + +Before I learned the excruciating verbal exchange that would ensue, I would answer questions like these by mentioning financial independence. The most common reaction was, “Why would you want to retire? What would you do all day?” + +What would I do all day? Really? Visit family and friends, play video games, cook, exercise, read books, watch movies. You know, all the things you do on the weekend? You *do* look forward to the weekend, don’t you? This question always leaves me confused. Why do so many people see a long weekend or vacation as a treat but a never-ending vacation as something unfathomable? + +I definitely understand that more of a good thing is not necessarily better. I look forward to dessert but can't imagine never ending cheesecake (never ending coffee ice cream? maybe..). I would love a vacation to Europe but not a permanent relocation. But, isn't the freedom to do whatever you please fundamentally different from an experience or substance that temporarily stimulates your reward system? I doubt you can find a kid who would object to buying a never ending summer vacation. When does the idea of not spending all your time at a job transition from normal to insanity? + +After telling people a few things I’d spend my time doing, the next objections start, “but, I love my job…”, “how would I be personally satisfied?” + +What does *your* love for *your* job have to do with my desire to retire early? Why is a statement of how I choose to spend my money so often construed as advice? You love your job? Great. I don't mind my job either, I can just imagine a bunch of other things I’d enjoy even more. To me, the value of the freedom to choose what I do is greater than the value of any consumer goods I could be buying. + +You want to feel personally satisfied? Help people. Get involved in your community. Teach children. Lead a volunteer project. Write a song. Become a great dancer. Invent electronics. Why is fiddling with spreadsheet and creating powerpoint presentations the preferred method? Ask a kid, “Who are you?” “I’m Justin.” “I’m Jessica.” Ask an adult. “Who are you?” “I'm a nurse.” “I'm an architect.” “I'm an accountant”. When does that transition happen? I’m left trying to figure out at what age I was supposed to have transformed from a person into a job. + +How do you talk about FI with people without ending up in this dance? Is it even possible? Do you try? +Saw this short film a couple of weeks ago and thought it was a depressingly accurate satire of the vision of happiness we're being sold: + +Happiness by Steve Cutts +https://vimeo.com/244405542 + +I think most of us in this community have successfully broken out of the matrix, but it still boggles my mind that most people I know still seem to cling onto this reality in some way. +I’m currently feeling pretty lost in the direction I want to move in career-wise. I’m in my early 20s and I’ve got multiple different career paths that interest me, although they’re all quite different. So I’m just looking for any advice in decision-making, or what did you do to decide your own career path? +Hi everyone, + +Unfortunately, we have recently become aware of some scams targeting people in this sub who post and comment here. This is a reminder to please be vigilant, and if someone makes you an offer that seems too good to be true, it probably is. + +1. Someone will message you saying they will give you $500 (or any large some) to pay bills. They'll say they will send you a check for $500 plus another large sum for a donation/other service. They ask you to deposit the check then zelle/transfer the rest to another party. What will happen is you will deposit the check (which will take up to 10 business days to clear), you transfer the money to the "third party" which is the same entity, then the check ultimately bounces and you've sent a large sum of your own money back to the scammer. Please ignore these folks and report them to the mod team and we will elevate them to the admins. + +2. Scammers will target people who post in the sub via PM/chat (so moderators can't track) telling them about their great new get rich scheme that involves crypto currency, affiliate marketing, MLMs, or another scammy business practice. Please ignore these folks and report them to the mod team and we will elevate them to the admins. + +Again, if it sounds too good to be true, it probably is. Please let us know of any other scams you experience and we will post them here as well. If you're uncertain, make a post about it or message the mods and we'll assess accordingly. Thank you! +[POLL](https://www.strawpoll.me/21140107) + +This place has become a ghost town. We've taken what was once a booming community, and now it's fallen down. Look at what's reaching the front page now. + +[DECLINING STATS](https://i.imgur.com/QZq5zAj.png) +- + +It barely gets any traction. There can be 10k+ people viewing concurrently, but no one is seeing any posts. + +Let's step up our game! It feels like yesterday something awesome was reaching the front page daily, and the community was booming. + +We need more posts, more activity, more energy. Come on, pick up the pace, we have giant user numbers and no ones participating. + + +**Lets step our game and bring this subreddit back to all-time highs!** +- +I've not traded vertical spread before. My level of options trading is very basic. From what I understand, I am prolly better at trading a Debit Spread rather than Credit as the risk vs. reward seems to fare better. What do you think? +I’m scratching my head on this one, would love feedback. I had a 39/34 bull put spread May 21. $mara is $22.35 AH so I was deep ITM. I was assigned tonight. + +The only reason I know to exercise early is in re to dividends, but $mara? + +Anybody have input on why it would make sense to exercise early on this if I was the other person? Maybe this is a learning moment for me. (In addition to the learning lesson of not exiting a lot earlier as well as not selling bull put spreads on $mara..) + +Edit: time value is the answer. I’m embarrassed to say I thought 5/21 was in two Fridays, not this Friday, and I couldn’t figure out why somebody would exercise so early. With it so deep ITM, their opportunity cost > time value so they likely just wanted to move on! +Here's some information I've gathered over the past few. + +So the CDC just announced TODAY that they're loosening the criteria for patients to be eligible to get a COVID-19 test. Up until now, the only time that patients were even tested for the virus is if they're in a HOSPITAL with a FEVER.. that means you could be walking into the doctor with a cough, runny nose, and sore throat, and they wouldn't even bust out the test kits. Let that sink in. This explains why the death rate for corona cases in USA is way higher than the average for other developed countries (\~7% vs \~2%). the US was only testing severe cases, which supports the story a supposed patient posted in the /r/coronavirus sub a few days ago, claiming they were sent home untested despite showing symptoms. + +The US saw the first community transmission case a WEEK ago - since then we've had potentially contagious people being sent home untested. The old testing criteria probably damaged containment efforts, and the new testing criteria is going to cause an enormous spike in reported cases, guaranteed. We all saw how markets reacted when Italy reported a sudden spike in cases on Feb 22.. + +Still not convinced this is a problem? This virus is more contagious, and more deadly than seasonal flu's. Here's how the COVID-19 outbreak compares to similar epidemics in recent history. SARS, 2003 and MERS, 2012, the biologically most closely related viruses were not nearly as contagious and had almost no cases in the USA. We saw no disruption in daily lives. Now consider the H1N1 swine flu epidemic of 2009. Over 43,000 confirmed cases and over 1,200 deaths in the USA. Much more contagious/widespread than SARS/MERS with a similar death rate. Yet none of the above viruses had any negative impact on the markets. Basically, the flu is also less contagious than COVID-19. The average person with flu infects 1.3 other people, while beer virus infects 2.2. This is because a lot of people already have a naturally built up immunity to a lot of strains of the flu, while no one is immune to corona. + +Combine this with the fact that there is no vaccine in sight for the next year, you're gonna see some shit. During a calm year, the flu has some 10 million cases in the USA. If corona reaches even this level, we'll see deaths in the six figures. Hence the (failing) scramble to contain. Some people are speculating that the virus will go away with warmer weather, but both SARS and MERS flourished in the summer months, so good luck. + +And unlike the first death over the weekend, or the rate cut, a sudden spike in cases is not priced in. People were expecting a red Monday just because someone died over the weekend? The US had more than 60 cases at that point. With a death rate of some 2.5%, a death was highly probably. After today's rally the S&P 500 is less than 9% below its all-time-high. Plus, if technicals are any indication, this back and fourth volatility is all the more reason to suspect we haven't hit the bottom. + +TLDR; Hope you're using these green days to buy cheap puts. Give it a few weeks before panic sets in. + + SPY 280 P 04/17 + VIX 40 C 04/17 = Ctrl + P +Edit: Just some added information that a lot of people have asked about. I have zero debt, as well as zero credit history. I am now aware that I need to work on that credit so that will be one of my first steps. Also looking into the 401k and am making a budget to follow. Also going to look into IRA since a lot of people have mentioned that as well. + +I have learned more about finance today from this post than the last 20 years combined. Thank you to everyone who posted the thoughtful advice, I appreciate it so much! + +Edit 2: I am aware that 30k is not actually that much money. This is normal entry level pay for my field in the area. This is my first job out of college and I'm just trying to start good habits early. +Recently I went out on a limb and applied for a job that payed significantly more than my current job. The job was quite a step up in terms of the benefits being offered. Yesterday I was contacted with an offer for that job and I almost cried. I have been living paycheck to paycheck for the majority of my adult life. The idea of having the financial freedom to be able to eat something other than rice and broccoli/beans for almost every meal and not stress about spending too much is unreal to me. + +I want to thank everyone, there have been a few points where I almost gave up. This page has helped me to realize I wasn't the only person in my position and, others had gotten out of similar situations. Thank you for everything. +For those of you dividend investors, how have you been dealing? I've been frustrated that dividend growth has basically stopped, while equity growth has blown up, which has totally messed with my carefully planned DRIPs and yield% in general. This is not all bad, but with more dividends coming in as cash instead of shares, I need to decide where to invest, and the current market is frustrating my long-term strategies, making my watchlist of future investments look less appealing, and generally giving me pause. + +So are other dividend investors staying course despite lower yield from blue chips? Focusing on the ones that still make sense? Found some new favorites the previously didn't make the cut? Temporarily abandoning the dividend strategy until the market stabilizes? +I've been very fortunate up until 2022 in that I've never had to sell something at a loss before, but I'm thinking about it now. + +My current holdings are (and I know these are aggressive): + +1. XEQT (5.4%) - Asset allocation +2. VGRO (18%) - "" +3. TEC (3.3%) - Tech Stocks +4. BTCC.B (20.9%) - Bitcoin Spot ETF +5. ETHR (4.2%) - Ether Spot ETF +6. ATAI (3.2%) - Clinical Stage Psychedelic Medicine Company +7. CMPS (20%) - "" +8. MNMD (5.7%) - "" +9. LME (6.5%) - Junior Mining Company (know from a friend - rumored to be close to buy-out) + +There is nothing listed above that I don't expect to be up substantially by 2025 - 2026 timeline. The issue is I may need to liquidate some or most of these investments June 2026 for mortgage reasons. + +Should I be selling shares in some of these stocks/ETFs to rebalance and de-risk? My concern is that although these riskier investments are currently down, I believe many will recover in time. Does it still make sense to sell of part of these investments and buy more XEQT - or even GICs - to get a less risky balance of investments? + +Typically I would have had 80% in asset allocation ETF's and 20% in speculative growth plays, but I guess I got carried away, and then the market downturn sort of locked in these decisions. + +Thanks! +Hi all, + +I am looking to invest roughly $650,000 CDN into VGRO on Questrade (recent from an inheritance). I have never made such a large purchase before through a brokerage, is there anything I need to know? + +I usually send in a limit order at a cent above the ASK price. I read somewhere about there being fees if the whole trade cannot be processed on one day? + +Thanks! +I currently use only questrade since almost all of my purchases are US stocks (no conversion fee for buying and selling, only exchange fees) and ETFs (no commission at all). I am eventually going to look into buying more Canadian stocks as well so I was wondering if it is a good idea to create a wealthsimple account just to deal with the Canadian stocks. Are there any drawbacks to wealthsimple in terms of Canadian stocks? Should I just stick with questrade for all my stocks? + +What do you guys think? +Hello everyone. + +I'm currently an ETF couch potato investor and have been for a while now. I've been happy with them so far but I am looking to branch out a bit and get more involved with my account. Ive dabbled in penny stocks a bit but I'm not trying to be a day trader or anything. Looking for long term holds. + +Any opinions on ETFs vs individual stocks? I like the easy diversification and management of ETFs, but I've seen much better returns through individual assets over a long period of time. for example, Ive had apple stocks that have seen an increase of 300% in the last 2 years while my ETFs have been much more modest. I have a good chunk of change to invest so any input is appreciated. + +Thanks! +So the basics 30,yr old male with $500k in various assets (mostly liquid) , I have a 15yr mortgage probably can pay it off next few years. Anyways I'm also engaged and exiciting about the future prospects about me and the misses. She doesn't have the same sense of appreciation for the FIRE principal, mostly because she comes from a wealthy family and has never had to watch her assets as closely as myself. Between the two of us were comfortable financially, but we just have two different money philosophies based on our history. + +what's suggestions for you folks have for making sure my FIRE plans work for both of us, and we don't get into some money arguments down the line. I find it a bit unusual that so many FIRE practitioners have spouses that 100% exactly the same, that seems a little unrealistic, people are going to have different philosophies. + +My biggest fear is ten years we get into a situation with lifestyle creep, in which children or a bigger home and then some shit goes awry and instead of looking at RE I'm stuck making unpleasant financial choices. +[Original DD Post ](https://www.reddit.com/r/autist/comments/fjbfyc/_/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf) + +One day after this is posted, one day before the biggest crash in history again, on the day we hit a million subs... all hell broke loose and the autists were flying around like wild locusts in Africa. + +The sub is back but the OP u/Separate_Variation whole account is now gone... I think he pissed off some big boys somewhere, brought too much attention exposing them and something had to be done. In case something ever happens again, here; + +[Archive of OP’s Acc](https://web.archive.org/web/20200313143830/https://www.reddit.com/user/Separate-Variation/) + + +[Archive of WSB](https://webcache.googleusercontent.com/search?q=cache:ovX39fGJr80J:https://www.reddit.com/r/wallstreetbets/+&amp;amp;amp;cd=1&amp;amp;amp;hl=fr&amp;amp;amp;ct=clnk&amp;amp;amp;gl=ca) +My girlfriend loves fashion, and I’d love to get her an experiential Christmas gift (I get her plenty of clothes as it is). + +I’ve done things related to my interests like touring a famous artists studio through a museum board I’m on, and I’m wondering if I could find a similar experience for her? I looked into NY fashion week shows, but couldn’t find much online, and alternatively I thought it could be cool for her to tour a major fashion house and see how the sausage gets made. + +Anyone have any suggestions/contacts for either? This isn’t a world I’m super familiar with but I have the funds to do something wonderful for her. +**TLDR:** GME likely to be very volatile next week around $30, $35, $39-$40 especially. 39/40 pass would force about 5m shares of net-buying by MMs, while passing through 30 is about 4.5m shares of additional selling. 36/37 and 31/32/33/34 are more stable. If price shoots up into the mid 50s 🚀🚀🚀🚀 , definitely duck for cover Friday. Margin changes are actually bearish. Consider being on a brokerage that pays to loan your shares to shorts if long, because it's very profitable. Shorts can be squeezed, but so too can longs who use call options, and shorts who use put options. + +Important note: The massive melt-up we had this week was a GAMMA SQUEEZE. Options market makers had to buy about 30m shares (or cover short shares, thanks Melvin Capital, then buy) while going on that run from 20 to 40 to hedge their positions. That as you know is more than half the float. My belief is that gamma effects will continue to be a big deal - but less of a big deal than last week because we have less options near the money now. **Ironically, Melvin Capital made this melt-up far stronger, contributing 5m shares of forced buying in a rapid spike at $24/$25.** + +**Details:** + +I’ve seen a lot of discussions about GME over the past week that are missing important bull and bear elements in the thesis. This sub is so incredibly bullish 🚀🚀🚀🚀 that unsurprisingly, there’s more missing bear arguments than bull, and bearish information is sometimes perceived as bullish (such as the margin requirement increases, which I feel are net-bearish). But there's also missing bull information, namely that more new gamma ramps exist high than low it appears, and they appear pretty large. + +I previously posted about some option dynamics last week, that seem to have played out to an extent. I actually lost money on my puts because the expressed vol was less than I thought, and Friday ended up playing out in a basically neutral way from a bull/bear perspective with a mere 10% drawdown. That post is here. I correct predicted the outcome, but didn’t predict the magnitude well enough and thus my trade sucked: + +[https://www.reddit.com/r/wallstreetbets/comments/kxb7dy/analysis\_of\_massive\_potential\_gme\_forced\_selling/](https://www.reddit.com/r/wallstreetbets/comments/kxb7dy/analysis_of_massive_potential_gme_forced_selling/) + +In this new post, I’ll cover what I know about current option structure (and will update once updated data for Friday comes out), and the implications (TLDR: Mostly, expect vol around multiples of 5 in stock price), as well as other trading dynamic topics that I think are misunderstood or rarely spoken of. + +I’m not going to talk about my opinion of the value of the stock or the turn-around plan. I’m actually in what is a modest put position for me at the moment (jan 22 $38 puts x 80), but I fully acknowledge this could go to the moon 🚀🚀🚀🚀 next week and I'll feel like a miniature Melvin capital (though shorting at $38 is a lot smarter than at $17) and probably deserve it in that case. + +**Current Option Structure:** + +I will update this as new data gets in, but you can see big concentrations of options at 30, 35, 39/40 and 45. There isn’t open interest data for Friday, but volume suggests there are further ramps at 50/55/60, but they are probably smaller than the 39/40 and 30 ramps. Normally, dealers are going to be long calls (from people selling covered calls) and short puts (From people buying protection). On GME I think we all know it’s short calls and short puts, since people are buying tons of calls from them, and also speculating with puts. As such, dealers are extremely short gamma, and that means that prices accelerate from dealer activity greatly. When the stock sells, the dealers have to dump stock (or short it). When the stock goes up, dealers have to buy. **I believe that the Wednesday melt-up was as much a short squeeze as a gamma squeeze, as the price moved over a bunch of OTM options, forcing dealers to buy as much as a bit more than 1/2 of the total float of the company to hedge! Further evidence of this is that the stock went parabolic but then stopped being parabolic once past the peak option strike available on Wednesday - $40. Without the dealer lift, the rally slowed a lot.** This is why I think it looks as much like gamma squeeze as short squeeze. It’s also why gamma positions this week are important, but they are smaller than what was available going from 20 to 40. + +These patterns are most sharp at these large concentrations of strike prices, so the stock can jump from 39 to 41 a lot easier than from 36 to 38 as an example. On average, it’s about $1m of stock bought/sold by dealers per percent change. To put in context, there was a jump Friday where about 250k shares got bought and moved the price 5%. That means that if accurate, dealer activity might have been up to half in that flash. **We don’t yet have the Friday data, but there was a lot of Friday volume. This amplification may be greater next week. This week had a gamma event on Wednesday, after which there were a ton of ITM WSB calls and OOM Melvin puts that don’t have gamma, and thus the price de-volatilized somewhat. But we may now be in a situation with a lot of near the money options, which means we could see very large gamma squeezes up or down again.** + +Here’s the structure, I’ll update once there is Friday OI data available. This chart assumes that calls are positive gamma – they will all be negative gamma in this case, so predict accordingly. + +[https://imgur.com/a/czrKy6X](https://imgur.com/a/czrKy6X) + +Also worth mentioning is the expirations next week. Here’s the current structure for next week, using Thursday data, which I’ll update once I get Friday data: + +[https://imgur.com/a/4wKTspB](https://imgur.com/a/4wKTspB) + +This is a lot less bearish than the Friday we just had, but again, I’ll update once I get the data. It’s still a net sell on Friday as those option positions get cleared out (people sell to realize, and then buy other things in general), but more like under 1/10th of float vs the 1/3 of float we were staring at this Friday. Unless people piled into ITM calls Friday, which I find highly unlikely. As such, the downwards force this coming Friday, if this Friday was -10%, is more like -2 or -3% in a vacuum. However, the higher the prices go into Friday, the more selling this in turn causes Friday, so in a world where we end at $55 on Thursday, I'd definitely not go into Friday long as this forced selling increases. + +My sense out of all of this is: + +\- The current gamma structure provides more ramps up than down from $35, but there are strong ramps in either direction. BUT, the volume suggests a lot of new put positions were established. On net – volatility up, not bearish or bullish. You could maybe argue very slightly bullish I guess. + +\- There is some forced selling this coming Friday, but if that was the driving force yesterday, it would be a -3% or -2% not a -10%. Slightly bearish. Can change based on price. + +\- If the stock moons this week, I would encourage you to approach Friday with care, and a more bearish or defensive mentality, even if fundamentally bullish. Similarly, if we are in the 20s, there are situations where friday eventually becomes forced buying from a ton of short term puts printing, and a bear would not want to be short into Friday. + +\- A LOT of capital went into OOM puts and calls this week targeting the week after. If the stock is not volatile, a lot of speculators bleed out on both sides. And those numbers may update my assessments above one way or another. + +**Margin Changes** + +There was a lot of talk about how various brokerages have increased margin requirements on GME stock. Some set to 100% (Schwab), others set up a bit (TDA from 70% to 75%), others rumored to be planning but haven’t (IBKR). The reaction of the sub is that this is bullish. It’s actually bearish, albeit slightly. + +The reason is that most of the shorts, in my opinion, are institutional. Retail will typically short with OOM puts which don’t cause much actual selling to hedge. Institutions short GME are going to have that in a giant account with a ton of other assets, so changes on margin placed on them, if indeed that happened, wont margin call them except in scenarios where GME goes up 20x in a day or something. + +On the other hand, if you are a retail trader where half or all of your positions are GME, this margin change does effect you, especially if you were out on margin, and it makes it harder to buy more shares. I don’t think many retail traders are directly short the stock. Anyone want to raise their hand and admit they are 50%+ GME and on margin to do it? + +Also, consider the context -retail brokerages just did this on the back of everyone here buying shares long. That to me suggests they are looking at customer accounts, seeing some over-extension, worrying about it, and setting the rule to prevent themselves being burned. Some of you have a net worth of mostly GME in your levered account. If that gets squeezed down and a liquidation is forced those brokerages won’t be seeing the money. + +So, I think the margin changes are a bit bearish, but not hugely so. I would also urge you bulls to not set yourself up to be squeezed, which is my next point. + +**Squeezes and Short Interest** + +It’s true that this stock has high short interest. There’s contradictory evidence as to if the shorts went up this week or went down. IBKR share availability suggests it may have went down, other sources suggest up, and I'll update once we have solid post-Friday data that someone posts. However, just because the short interest is high, doesn’t mean that it can be squeezed easily from here – Wednesday I think was that squeeze. A lot of the old shorts may have covered then, and we may be looking at new shorts. It’s also possible that these institutional shorts hedged with previously deep oom call options and ironically further helped create the melt up, but didn’t take losses after a certain point. It is worth noting though that MMs engaging in 30m shares of buying (Some of which was short covering) only doubled the stock - and they are now long stock and will loan it out to short sellers all day. + +Additionally, while GME longs here on stock are not squeezable if not on margin, those of you on OOM call options ARE squeezable, and those of you on ITM options are in a sense even more squeezable. OOM call options decay if the stock doesn’t go up, and then the shares dealers bought to hedge the call they sold you get sold back into the pool. ITM options, when sold, do the same but more powerfully – selling a very ITM call option on GME means a dealer immediately goes out and dumps 100 shares of GME on the market. If you in turn buy 100 shares, it’s netural, or if you buy a bunch of NTM calls, you might even cause a net buy. But, those will tend to cause selling if people take money off the table and as time goes on. + +And yes, there are a TON of new put options, and those get squeezed out too. + +So there is a dual squeeze potential here – shorts vs their losses and borrow fees and decaying option positions which cause dealer buying, and longs using margin and longs in call options fighting time and also watching dealers dump their hedged longs. + +One other thing - contrary to what I sometimes read, Melvin Capital was already squeezed, or rather, their dealer was by proxy. Wednesday was that squeeze. They bought a bunch of ITM put options which forced dealers to sell a ton of stock to hedge. When the price shot up, dealers bought into that short they made to hedge the Melvin puts, and now the Melvin puts expired worthless. Melvin can not be squeezed further unless they enter a new short position of some type. They lost 55M on that trade, and they manage 20 billion. They may be back in it at this point, shorting this even harder is within their power... + +Lastly, it has been brought up that some of the GME short, especially those puts lurking at $2 and $1, are hedges by bond holders against bankruptcy, or are hedges by those who sold CDS to bond holders to hedge their short CDS. Those are going to keep accumulating because bankruptcy is possible (though unlikely) in the few year range, and getting those puts now is basically free. But they won't affect the price since they are so far OOM. + +**Uptick Rule** + +Because the stock was down a lot Friday the uptick rule was triggered until eod Tuesday. That means shorts can’t sell at the bid to force down price they can only sell at the ask. In practice this won’t matter a ton since you can still buy puts to make a dealer do this, and my understanding is they aren’t subject to that rule anyway. EDIT - dealers do have to obey this but appear to be net long the stock currently so would not be affected. I thus feel this is very slightly bullish. + +**Yield Enhancement Program** + +A pro tip I have for this sub is – if you intend to hold a ton of long stock that is in high demand by short sellers, you should get paid to lend it to short sellers. That’s how the option dealers make a lot of their money – I’m sure citadel is making a killing holding a ton of GME stock to hedge, and promptly lending it to hedge funds at 30% borrow rate, while having very little risk. + +Many brokerages don’t pay you for lending your shares out, but IBKR does. Right now, if your GME shares are loaned out, you get something like 15% annualized in rebates. WeBull, Fidelity and Schwaab also will do this, but I've not used their programs, and you probably have to ask them to sign up. This doesn’t work if the shares are in margin, they have be fully paid and settled, but it is a substantial extra if you are a long-term believer in the stock, and on other brokerages, they get paid instead of you. If any other brokerages have this feature that are non-institutional, please post and I’ll add. + +It is worth saying that you reduce the cost to short if you do this. I always allow it on my account though because I like the money more and think I’ll beat the shorts eventually anyway. Some money managers never do it so as to not fuel the shorts. But it does pay. + +**A Few Other Thoughts on Shorts** + +Institutions do sometimes hedge large short positions. It is possible that some of the calls held on Wednesday that caused the giant explosion up were hedges for short positions held by hedge funds/family offices and others. The fact we didn't see a lot of selling Friday suggests that at least the near the money ones were mostly NOT held as hedges, otherwise they would've been more monetized. But, it's possible that the short pain is less than thought. We just don't know. + +**Conclusion:** + +I think the major factor here remains simply the desire of this sub to pile new money in. However, it’s hard to maintain this volatility level and ever higher prices for more than a few weeks without additional catalysts because options are getting pricey and decay will set in, and the higher the price, the more money is required to buy a share. + +\- The margin changes, again, are definitely bearish. How bearish? That depends on how many of you guys bought a ton of GME shares on margin and whether or not we gap down Tuesday. I don't think it affects the short interest much. + +\- The option situation is probably net bullish Tuesday/Wednesday/Thursday, but net bearish Friday (slightly)… but does mean that next week can be insanely volatile + +\- Price moves are easier in the vicinity of $35, $30, $39, $40, and to a lesser extent, $45, $50, $55, $60 due to gamma 'ramps'. + +\- I’ll post new data when I get it. It could change the picture to be more clearly bearish or bullish, not just volatile. I'll try to lay out estimates of how many shares MM hold, and then updated gamma ramps, as well as expected MM position holdings at various price levels at the end of the week. + +**Update 1-19 AM -** My tool hasn't received nasdaq data yet, but eyeballing the chart it's more or less as before. Large gamma ramp at 40 (huge option positions at 39/40). You saw this at open when you guys bid the stock, and MMs had to buy about 5m-6m shares to not be underwater, providing perhaps 2/3 of the initial buys. We then aw a loss of momentum in the gamma dead zone of the 40s. As I said, lifting into the mid to high 40s is a heavy. Bulls, you should not really pay a lot of attention to gyrations from 37-42, up or down, that's just dealers rolling over options. You had a strong start in any case, but that price zone is going to be extremely volatile this week. +I've had several recent conversations on this sub that inspired me to do some analysis. This is the result. + +**TL;DR:** The last bear market lasted for 17 months, during which total cryptocurrency market capitalization fell by ~76% from its all-time high. If you'd invested $400 in BTC and $400 in the bottom 20 alt-coins (by market cap), then as of today's date, your investments would be worth ~$11,564 (BTC) and ~$18,740 (alts)--a total of ~$30,304--despite the fact that 16 out of the bottom 20 alts disappeared in the intervening years. I believe the lesson here is to spread your alt-coin investments out. + +**What Happened in the Last Bear Market?** + +This section was inspired by /u/MisterKyles 's [post](https://www.reddit.com/r/CryptoCurrency/comments/8b4vag/great_read_about_holding_bitcoin_or_alts_when_a/). + +According to CoinMarketCap, during the earlier bull market, total crypto market capitalization peaked on November 30, 2013, at ~$15.2 billion. Thereafter, a long bear market began, during which total market cap bobbed up and down for over a year, hitting its first major low of ~$3.6 billion on January 16, 2015--a ~75% drop--and then going back up to as high as ~$4.7 billion in mid-March. Finally, on April 26, 2015, the market hit bottom at ~$3.5 billion--a ~76% drop. + +This year, total crypto market cap hit an all-time high of ~$828 billion on January 7, 2018. If the current bear market were to exactly mirror the 2013-2015 bear market (and it won't, but this is still a good jumping-off point), then we would expect to see the market hit a low of ~$196 billion by mid-June 2019. + +As I write this, we're currently at ~$260 billion (i.e., down ~68.5% from ATH), having hit a low of ~$248 billion in the past few weeks (i.e., down ~70% from ATH). This suggests that we may still have a significant distance to go--both in terms of time (i.e., another ~14 months) and market cap lost (i.e., ~25% of the current market cap)--before we see the bottom of the current market. I'm personally somewhat more bullish than that, as I think any correction will be over by the end of Q3 2018, but that's what would happen if this crash were to exactly mirror the last one. + +**What if You Invested Money Shortly After the Market Hit Bottom?** + +This next section was inspired by a comment by /u/SlinkiesAreSpies , who wrote, + +> 99% of alt coins die + +We then proceeded to have a vigorous debate about it, during which I was referred to this [market snapshot](https://coinmarketcap.com/historical/20150503/), from May 3, 2015--i.e., exactly one week after the market hit bottom in 2015. + +Of the top 20 coins by market capitalization, 17 are still around--that is, only three coins, or 15%, died. + +Of the bottom 20 coins (i.e., the coins ranked 522-542 on that day), 4 are still around--that is, of the worst coins from this arbitrary date, 80% are gone. That's absolutely terrible, but it's nowhere near 99%. + +So, let's look at the prices of the four survivors from the bottom 20: + +- Tigercoin (TGC; current rank: 1075): Up from $0.000125 to $0.005188--a 41x gain. Worth noting, however, that the trading volume was only $46 in the past 24 hours. + +- Dotcoin (DOT; current rank: 542): Up from $0.000034 to $0.018939--a 557x gain. Volume was not terrible, at ~$24k in the past 24 hours. + +- TrickyCoin (TRICK; current rank: 1555, apparently due to lack of data): Up from $0.000029 to $0.006463--a 222x gain. Worth noting that CoinMarketCap has very little info on this coin right now. As an aside, I'll also add that the coin's name doesn't exactly inspire confidence... + +- Coin(0) (CNO; current rank: 1061): Up from $0.000021 to $0.002807--a 133x gain. Worth noting, however, that volume was only $4 in the past 24 hours. + +So, would I buy any of the above coins today? Probably not. That said, however, let's imagine the following experiment: + +1. Put $400 in BTC on May 3, 2015. BTC has increased 28.9x since then, so you'd have $11,564 as of today's date. + +2. Put $20 in each of the bottom 20 coins on May 3, 2015. In this experiment, 16 of the coins that you purchased die, so you lose $320. However, the remaining $80, which is spread across the four coins that survived is worth $19,060. This means that your net profit is $18,740, which is $7,176, or 62% more than you would have made if you'd invested in Bitcoin. + +Finally, even assuming that you decide to count TGC, TRICK, and CNO as "dead" due to lack of trading volume/information, you've still made $11,140 from DOT alone--which is almost on-par with BTC. + +I think the lessons here are (1) although a majority of low-ranked alt-coins die, it's nowhere near 99%; and (2) you should probably spread alt-coin investments out. + +I'm also considering running this as an experiment with the current 522-542-ranked coins, but I probably don't have the cash right now. Feedback on this post is very much appreciated! + +Edits: Typos, fixed a link + + + +Hi y'all. So I'm another one of those lucky chumps who dumped cash into crypto some years back and is now looking at a current valuation of ~$6.5MM after taxes. + +I recently cashed out ~$500k because the anxiety/stress of not taking profits beyond living expenses was affecting me physically, and, now that I'm seeing the reality of my bank balances rising (plural, given FDIC limits), realize that it's time to pull more out while the going's good to secure a (possibly, hopefully) comfortable future, rather than succumbing to a greed impulse that I've noticed has only grown commensurate to 2017's parabolic run. While the sun shines...! + +Obviously, that cash will end up being reinvested into various vehicles - it wouldn't just sit in checking accounts. I'll probably adopt the 3 fund approach in the short term while waiting for other interesting opportunities to arise in the future. + +I have a few questions and would value your opinions and thoughts: + +&nbsp; + +1) Is there any legal way to reduce exposure to long-term capital gains? I have no losses to offset. I've read something about charitable remainder trusts as a possible way of doing this, which is interesting as my girlfriend and I have been talking about establishing an educational non-profit for quite some time now. I wonder whether we could create said non-profit and then establish a trust for it at a later date while reaping the tax advantages for ourselves through annual payouts. Though perhaps that structure is illegal? Anyone have experience with these trusts? Pros, cons? + +&nbsp; + +2) My girlfriend knows that I have crypto (she does, too, though a minimal amount). We have been talking some time now about getting married and raising a family together, and, with regard to my crypto situation, she has expressed both concern that it is fucking with my health and has made a clear declaration that she doesn't need to know specifics about numbers (I have never stated exact figures for reasons I will share below). I mentioned the possibility of a prenup the other day and she was at first shocked, but then thanked me for raising the issue as she recognizes that we can't foresee what the future will bring. She comes from a relatively impoverished background and does not have much earning potential (hah, nor I, as we're both students in an obscure realm of the humanities) and I'm concerned how she will react to full disclosure. Not that she's bad with money - she's very frugal, budgets carefully, no debt, actively saves etc. but this would be a very new situation... for her especially, as I was raised in an upper-middle class household. Besides all this, I want to be reassured that she's with me because of our relationship, not because of my stash, especially if kids are en route! We met before this crypto boom became an issue, but still, she has a razor sharp mind so I'm sure she has a rough idea of the amount involved. But yah, I want to cover my ass as I know that money - above all, windfalls - can really complicate relationships. Any advice about how to proceed with bringing her "into the light" on all this would be much appreciated. I love and trust her while being keenly aware of divorce statistics so want to secure my future regardless of outcome. + +&nbsp; + +3) Though I want to cash out the majority of this haul, I still want to retain some exposure to the crypto market. I'm thinking that keeping 10-20% (so $860k-1.72MM) in would be adequate (still leaving me with at least $5.27MM after taxes), but another part of me has built up an emotional attachment to the assets (and probably an addiction to the volatility) and think that taking out 60% while leaving 40% to float for another year or so before taking out another 50% (and so on) could be a very lucrative gamble. Or not, duh. + +I know that I'm not an investing genius. What I have discovered is that I have high risk tolerance, and, given my age (low 30s), my risk profile makes sense. I've tried framing this issue using classical inversions (e.g. "If you had $8MM cash, how much would you invest into crypto right now?") and find myself claiming I'd throw ~$2MM in... but the mind is duplicitious and I imagine that past results have poisoned me. My reasoning is that $5.27MM would already be FAR more than what I would have expected in returns, and is really "enough" for my needs (figuring a 3% drawdown = $158k/year), so taking another gamble (though now with a much stronger foundation, both in terms of mainstream acceptance of crypto and personal liquidity) seems very doable. + +However, as mentioned before, I have health concerns. I kind of want off this rollercoaster completely, though I'm sure that taking a major chunk out would be most soothing. Even the recent withdrawal has felt like taking a huge sigh of relief. I guess the big question I have to ask myself... what is "enough" for me?! At what point is it stupid to continue taking such a risk? And will life really get that much "better" if I break the $10MM mark? Obviously, more money means more choices... but, yeah. Perhaps you know of thought experiments (besides inversions) that could help me gain clarity in this situation? + +&nbsp; + + +Many, many thanks for taking the time to read this and to comment. Needless to say, this is a throwaway account. + +p.s. I have read /r/personalfinance's sticky about windfalls. Multiple times :D + +&nbsp; + +EDIT: I'm off on a short break for the next 4 days to mull over what has already been shared with me here. Thank you all for weighing in - you've been most helpful, and I'm excited to start taking some *more sensible* next steps in the coming weeks. +I hope this is the right sub to post this on. + +I'm in the middle of moving apartments and had a bunch of trash and broken furniture that I needed to throw away. I paid a friend to help me move the trash from my apartment to the local dump, but something came up in the middle of us loading it on his truck and I had to leave. My friend told me he'd be fine moving the trash by himself while I took care of what I needed to take care of. +A few days later, I'm in the middle of packing some things when I realize I'm missing a few folders with my social security card, birth certificate, passport, and old tax return documents. In the chaos moving boxes and cleaning out my house, I had left those folders out near the trash pile like an idiot. My friend understandably thought it was trash and took it to the dump. + +I'm just wondering what I should do from here. I just applied for a new birth certificate and reported my lost passport. I called social security but the woman on the phone told me I didn't need to report my lost social security card unless I think my identity has been compromised, but I read online that I should report it to social security anyway just to have a record of it? And that I should also make a local police report just to have it on record in case of the off chance someone gets ahold of those documents? Should I do anything about the old tax return documents? Really sorry if these are dumb questions, I'm pretty overwhelmed with all of this atm and it feels like it's clouding my thoughts. + +&#x200B; + +tldr; My social security card, birth certificate, passport, and tax documents were taken to the dump and I'm wondering what I should do about it. +I figured it would be best to open this question to the powers of the Internet because we can’t be the only ones going through this issue. It is a blessing to have options, but having options means you have to pick one. + +Five years ago, we moved from an apartment to the suburbs for a house that was below our means. During the past five years, we maintained our low cost of living and maintained a high, 60% savings rate. We went from a net worth of ~$150K to ~$1.2MM. We moved to this area primarily to afford a decent house and in anticipation of being zoned to a good school for our future children. + +This accumulation of net worth is not without a price—in this case—time. Both my wife and I commute over an hour each way each day to work in the city. We have been struggling with how to raise our family once we start having kids because of the logistics of work, day care and just being able to spend time together as a family. Currently, we are less happy because of the costs of commuting on our free time. Thankfully, we take public transportation and even commute together some days, but public transportation adds waiting time to our daily commute. + +As one solution during the past few years, I even accepted a job with a 20% pay cut to cut my commuting time in half for a company promising a better work/life balance, but soon found the balance wasn’t there, so I ended up at a new employer at my old salary with the before mentioned one hour plus commute. Jobs closer to home come with a reduction in pay. + +Because of our savings, we have the option of moving closer to work and reducing our commute to 15 to 20 minutes each way, but at the cost of a more expensive home in a less desirable school district. Our expenses would increase by 20 to 25%. Our desire for earlier retirement would suffer in some form or fashion unless this home value appreciates more quickly than we are thinking, which is possible because it is in a highly desirable area. Either we will work in our current higher pressure positions for two to three more years, or delay our earlier retirement by working lower pressure positions longer. + +I’m happy to elaborate on this story as necessary, but it boils down to the philosophical question: should we continue to sacrifice our time to net more overall money and become financially independent earlier (with a miserable commute), or take the risk of moving closer to work by purchasing a more expensive home, potentially incurring higher private school costs down the road, and delaying financial independence? +This is one of the first years I’ve been doing extremely well financially. My daughters 3 and I’ve always wanted to have a big Christmas for her, and it looks like this year I can actually afford it. Is it stupid to spend a ton on a 3 year old? What’s an accept amount? I also don’t want her growing up and thinking she’s “better” than other kids for having more, because I grew in absolute poverty and it didn’t feel good at all. I guess I’m trying to keep her humble while also giving her a good childhood. +Luxury cars are ridiculously expensive. I didn't realize how expensive until I ran some numbers. You got to see this, the car costs more than a dollar an hour, for the first 5 years of ownership. Read below for the details. +The Scenario: Lester the Lexus driver goes to his local Lexus dealer and buys an awesome new Lexus GX 460 and it's beautiful. The MSRP is $52,720 but Lester is no slouch so he negotiates the price down 3k to $49,071. However, to actually leave the dealer he gets hit with a few taxes and fees and ends up paying $51,068. He takes out a loan where he puts 10% and gets a traditional car loan. Over the next 5 years he drives about 15,000 miles a year, and he does all the maintenance that the owner's manual calls for. Luckily Edmunds.com has a really cool calculator that helps run the numbers. This particular scenario is available here. +http://www.edmunds.com/lexus/gx-460/2015/st-200707985/cost-to-own/ +In just the first 365 days of owning the car, he eats up $8,677 in depreciation alone. Per month it's $723.08. Per day that's ($8,677/365) = $23.7726027 a day! That's just depreciation, there is still taxes, interest on the loan, gas, insurance, and maintenance and repairs. When it's all said and done, he spends $16,041, remember he only drove 15k miles so he's paying $16,041/15000 = $1.07 per mile that first year! Per month he's spending ($16,041/12) = $1,336.75 and per day he's spending $43.95. If he wanted to pay for this off of the safe withdraw from investment income he would need $430,710 invested, just so he can support having his sweet ride. +The first year is by far the most expensive one for new cars. But it's also the year with the plastic off gassing, new car smell. Maybe things aren't as bad for the other 4 years, let's look at the 5 year totals. Total depreciation after 5 years is $24,503. That averages to $4900 a year. Or $408.39 a month or $13.42 per day. So taken in the context of 5 years the depreciation numbers aren't as bad as the first year was. +The total cost is estimated at $57,032 or $11,406 a year, or $950.53 a month or $31.25 a day. $31.25 a day is a lot of money. The car costs $1.30 an hour for every hour of everyday and night during that first 5 years. That's not a money leak, that's a money monsoon. A leak of epic proportions. Luxury cars are really really nice. But are they that nice? +TLDR: Luxury cars are really, really expensive. +Summary of Q2 earnings: + +* Netflix (NASDAQ:NFLX): Q2 GAAP EPS of $1.59 misses by $0.22. + +* Revenue of $6.15B (+25.0% Y/Y) beats by $70M. + +* Net adds of 10.09M to 192.95M vs. consensus of 7.5M. + +* Q3 guidance: Global streaming paid memberships 195.45M (+23.4% Y/Y). + +* Shares -8%. + +[Summary article](https://seekingalpha.com/news/3592036-netflix-eps-misses-0_22-beats-on-revenue). + +Currently down ~-10% after hours. +I'm in a rather fortunate & privileged position but I'm not sure if what I'm asking is doable...I do plan on getting actual financial advice regarding this if it becomes a serious eventuality but I'd be grateful for any advice now, especially if I've missed something glaringly obvious or if it's not even worth considering. + +My parents live in a mortgage free home (purchased for 78k, currently worth 260k) and would like me to live in the house (as would I, it's my childhood home & in brilliant condition, a neighborhood I know well etc), under the condition I buy them a smaller house (preferably a bungalow around 150k) as they get into retirement. + +I'd be a first time buyer and on paper I believe I'd qualify for a mortgage (35k deposit, 115k mortgage on a £30k salary) + +From what I could figure out from a bit of research, there would be no CGT implications because it falls under the private residency relief, and IHT wouldn't be due if they don't pass within 7 years. I'd need to secure the mortgage & purchase the smaller home first to take advantage of FTB benefits, and use my LISA for the deposit. + +Thanks in advance all +The facts we know: + +1) Ryan Cohen likes Dr. Ruth Sex (DRS) + +2) The shareholder call reported out the % of the float that was locked by Computershare; not any single fact about the options chain. + +3) The price is wrong, and completely determined by marketmakers via synthetic shorting + +4) Daily price at close is miraculously near max pain day after day - the point at which options holders lose maximal money. + +5) Citadel and its alleged criminal leader, Ken Griffin, are known to be short on capital and in "live one more day mode". + +6) Options expert apes who trade them frequently and know what they are doing don't benefit from recruiting new options users... they stay silent and buy options. + +So let's live and let live, but keep the pitch for "more options" off the front page by downvoting them. I *highly* suspect that there are malevolent actors trying to influence our behavior. + +Buy. HODL. DRS. + +And if you already buy options then continue to, but keep this as a focus off the front page so that we can focus on the central DD and +the importance of DRSing shares. It's one guaranteed way that counterfeit shares that will be uncovered (the other being an NFT dividedend). +I had made the following argument on ThetaGang the other day and got downvoted to hell: + +> That the buyer is the "gambler" and the seller is "the casino" is a horrible, horrible analogy. A derivatives trade is a zero sum game; the option buyer is making a bet that a stock will behave one way, whereas an option seller is making a bet that the stock will perform a different way. Both are betting. If selling was that much more advantageous, why would any rational investor ever buy an option?? + +> The only one who is sure to make money (aka "the casino") is the market maker who pockets the spread every time two participants try, and the brokerage who collects the fees. + +Am I wrong, or am I just not stating the argument well? What would you say to one of the "experts" on ThetaGang who has made money for three months and therefore is sure that selling options is a surefire way profit on average? +My senior year of college when I was strapped for cash my sister was generous enough to "lend" me $1000 and later insisted that I didn't need to pay it back. It was kind and generous of her and since she was insistent that I don't need to pay it back, I'm going to pay it forward. + +Her son is 13 and her daughter is 11. I'd like to gift them $500 each in some sort of investment vehicle for Christmas this year that will hopefully mature beyond that amount by the time they cash it out in 10ish years. My mom says treasury bonds are shit these days so what is a fun and practical way I can gift them this $ without just writing a check that says "for college" on the memo line? Would be great if there was some sort of visual aesthetic to it; at least the bond certificates looked cool. +If I want to go long on the company it seems that selling ITM puts is a better way to go then buying shares directly because the premium you make. This premium will lower your cost basis when you get exercised. + +Does this make sense? +Hi all, + +My husband and I are trying to move towards a self-directed investment strategy, after educating ourselves and seeing the light about the MER on mutual funds vs ETFs. Because we're buy and hold investors, it seems to us that those mutual funds are clogging up our tax-shelter TFSA, which would be better used for dividend paying ETFs. + +Is there any way to move the mutual funds into a non-registered account without having to sell them? From what I understand, we're not really seeing any tax benefit from the TFSAs because we're not realizing the gains/losses of those mutual funds. All investments are down at the moment, so we'd rather not sell at a loss, but want to pull everything out of the TFSAs before the end of the year if possible, to allow for full contribution room again starting in January 2023. + +Our advisor seems to think it's not possible, but he's probably not in a hurry to find a solution that allows us to take our TFSAs and investment accounts out of his hands... + +Thanks! +Thank you in advance! + +I got a new job where I bring in about $4,700 a month +I get paid $2,393 biweekly +My monthly expenses without paying my cards are as follows: +Rent: $1144 1st (I’m a month ahead on rent already and pay it biweekly - $572 every time I get paid) +Car Payment: $171.69 24th +Car Insurance: $192 3rd +Phone: $50 23rd +Spotify: $15.99 2nd +Hulu: $12.99 8th +Gym: $22.99 17th +iCloud: $2.99 19th +Apple Care: $9.99 19th +Total Reoccurring: $1622.64 + +My total CC debt between my cards is: +$7,692 + +how much should I pay to pay them down so I can get to a small usage so I can start saving more money to move in 1 - 2 years +The cards and balances are as followed: +Min payments for all total about $204 but obviously want to pay more + +Amex: 26.2% interest +Balance $890.44 +Due Date 21st +Min Payment $40 + +Discover: 21.3% interest +Balance $1514.37 +Due Date 22nd +Min Payment $44 + +Capital one: 22% interest +Balance $2380.44 +Due Date 19th +Min Payment $60 + +Apple: 23.5% interest +Balance $2906.92 +Due Date 31st +Min Payment $60 +If you have $200-250K in cash, what is the smartest way to make that money provide regular, recurring income without investing it back into stocks or other securities? + +My ideas: + +1) Buy a duplex for cash in a modest neighborhood with lower, but consistent, rents + +2) Buy a small condo for cash in a trendy area and try to rent it long-term (if allowed by assoc.) + +3) Buy a small condo for cash in a trendy area and try to Airbnb it (if allowed by assoc.) + +4) Buy a small commercial property and try to lease it out to a small business + +5) Start a business (don't have one in mind) + +6) Invest in someone else's business + +What other options are there to make cash work for you? Do you all think one of these makes more sense than the other? + +Thank you in advance! +My wife works for a publicly traded company. They are implementing a new benefit this year and you have to enroll this month. The way it works is you set an amount you want to contribute each paycheck up to $10,000 total every six months. Then at the end of the six months your amount is used to purchase the company’s stock at 15% off of whatever the lowest price the stock had been during the period, issued to you immediately. You can of course then either sell the stock immediately at the current market price or hold onto it indefinitely. This will be repeated until further notice. + +I can’t see a reason why I wouldn’t just have her max out the contribution and then sell the stock immediately when it’s issued for a minimum bonus of $1500. What am I missing? + +Also, why would the company do this? They have 10’s of thousands of employees, if many did this wouldn’t the sell off hurt the stock price? + + +Following up from the post on the weekend: + +We checked out a place in Artarmon: [**https://www.realestate.com.au/property-house-nsw-artarmon-130343630**](https://www.realestate.com.au/property-house-nsw-artarmon-130343630) + +No price guide was quoted when we did an inspection. The auction was on Saturday and we got an sms from the agent saying the auction guide was $2.1m. We didn't go but we can see that the result was that it was passed in. + +Today we get an sms saying the owners want $2.375m. + +Getting real sick of agents not quoting prices to drum up massive interest and then hoping something sticks at auction. And also underquoting! If they know the owner wants $2.4m, don't put $2.1m on the auction guide! Such a massive waste of time. + +&#x200B; + +EDIT: Just to clarify, I'm not 100% sure but I think I put my search criteria at Max $1.6m or $1.8m on Real Estate . com a few weeks ago and this property was popping up. The filter now goes down to $2.0m which is closer again, but still 20% off $2.4m! +My partner and I are pretty successful financially. Her two sisters, not so much. They’re responsible and hard working, and chose fairly altruistic career paths. We would like to give them $50,000 each to give them a nest egg for their futures, but we’re not sure about the best way to go about it. + +My first question is, can we gift them this money without them having to pay tax? Technically the money is under my name and not my partner’s, so I don’t know if this makes a difference because they’re not my family members. (Everything I’ve read says gifts are tax free so it doesn’t matter, I just want to be sure.) + +My second question is, what’s the best way to give them this money? We have no intention of trying to control what they do with it, they can invest it or save it or buy the worlds biggest My Little Pony collection, but we’d like to provide them an easy path towards investing it if they choose. How can we open some kind of investment account in each of their names, or would we need to transfer them the money and then walk them through the process of opening their own investment accounts? Or is there a better way that we haven’t considered? Their ages are late 20s to early 30s and both work full time, if it matters. +Haven't heard about this for a while. Was described here: [https://www.macrobusiness.com.au/2019/03/ubs-westpac-warning-alarming-for-interest-only-reset/](https://www.macrobusiness.com.au/2019/03/ubs-westpac-warning-alarming-for-interest-only-reset/) + + +I'd assume with negative equity, tighter underwriting loan standards banks wouldn't be willing to refinance, so is this still on or what? +$ATOS, which is currently trading at $1.75, is a bio pharma company focused on cancer treatment and recently a Covid Nasal treatment. ATOS recently closed a Direct Offering 4 weeks ago for a value of $2.88 per share and warrant and was trading. This stock is sensitive to hype and even hit $4.90 in January, which is definitely an over-valuation at this point in the company's pipeline. It has had a big uptick in short interest with over a 50% volume shorted since the announcement of the Direct Offering, but they have not closed their short positions despite the already 45% dip. The current stock price is definitely an over-reaction of the market. Personally I feel this stock should be trading closer to $2.15-$2.30 minimum, which is more in line with the Direct Offering and where the company has been. I would not advise going all in on this stock, but adding a position seems like a very safe bet since it is unlikely this stock can go much lower and they have only had positive news for the last year. https://nakedshortreport.com/company/ATOS +The sub im talking about is r/wallstreetbetsELITE. They are pushing so hard for it and this can't be legal at this point. So beware that the premarket might be a pump&dump. + +In general I don't know where all this AMC hype came from. IMO it is the same shit that happened with silver. Some bots posted it on wsb when GME started taking off and people bought in. Im Holding gme with 60 shares @40. +Good Morning Apes! + +Today after the regular stream I'm going to go live with Jaime from over at Tradespotting. + +I'm pretty excited as he is more of a technical analysis guy like myself. So I'm hoping we can get more into the things I'm looking at for the near term, as well as his views on the direction the stock is taking. + +Anyway it should be a good time check it out. + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/p0koqe/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) + +also [Whale Teeth for MOASS](https://www.reddit.com/r/Superstonk/comments/p1ft0f/moass_hype_video/?utm_source=share&utm_medium=web2x&context=3) if you haven't seen it you should. + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Lowest volume day of the year 34.5 million dollars posted in collateral for an effective price change of 0.55. Also lowest historical volume ...yay! Thanks for tuning in. + +\-Gherkinit + +https://preview.redd.it/q80jyx7odsg71.png?width=565&format=png&auto=webp&s=818794d44b4184d37a62a482a6ed492b98a8f197 + +Edit 4 2:08 + +Nice bounce off 157 still sub 700k volume + +https://preview.redd.it/9k4j0gyhrrg71.png?width=1773&format=png&auto=webp&s=2eda7d8958f2c9e991c9a0b74347295717d864ef + +Edit 3 12:18 + +Did a poll on viewer ownership then extrapolated for the total number of subs on my channel. Used x , xx, xxx, xxxx, and xxxxx as values. Also up a little but volume is still to low to push past 157 + +[Viewer Ownership 873 original votes, then estimates for 4000 and 8000 users](https://preview.redd.it/gakrq13a8rg71.png?width=2028&format=png&auto=webp&s=796c1790da97e190af76d2868c56361192a57775) + +&#x200B; + +https://preview.redd.it/p7zc8ile8rg71.png?width=1753&format=png&auto=webp&s=60917a72b53dae8d01beb89042f62c05284e2867 + +Edit 2 11:00 + +Now at 300k volume ignore the wedge it's from a different timescale still just chopping around 157 + +https://preview.redd.it/7baib7s3tqg71.png?width=1766&format=png&auto=webp&s=209c00526f57d7629a01eebcbfa836bc548b7c74 + +Edit 1 10:00 + +Getting dragged around by the market volume is at 160k in the first 30 minutes of trading + +https://preview.redd.it/tduo3kucjqg71.png?width=1771&format=png&auto=webp&s=4b2b9c9bb6c50e4a238c0c8cd9704c3be3ce8d74 + +# Premarket Analysis + +220k shares borrowed back this morning. After yesterday's drop of 615k we have already retested 160 I'd imagine that position is gonna get locked up for a while. Pre-Market volume is absolute garbage at 4k currently, but we have a nice gap to fill back up to test 165. I would watch early run ups as they are obviously expecting to short again I'm sure they will wait for an advantageous market downturn. + +https://preview.redd.it/fwnejd444qg71.png?width=1766&format=png&auto=webp&s=2f0c22d3a3cfbaae1fcd52d267f1a45905c8401e + +We actually stuck the MACD crossover yesterday on the 1D, so any positive action today should continue that trend. + +https://preview.redd.it/oaqxcyh24qg71.png?width=1757&format=png&auto=webp&s=b3885478f72f5f17895bcf9bbdfbabe00a2d4b4a + +Here is how we are looking on our predicted positive trend, the low volume is keeping the price down but otherwise the trend is holding up. It's a bit ridiculous that it now takes 3 days to confirm a bounce on this stock but hopefully we will see some relevant volume today to really cement this trend. + +https://preview.redd.it/lqjsybu05qg71.png?width=2018&format=png&auto=webp&s=d8a5062478b5816b25e1c164da22ed3876a944d2 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) + +&#x200B; +I have co-owned my apartment with my brother for a few years. He’s now moved out to live with his partner and there is a lodger in his place. + +The inevitable has happened and my brother would like to sell the property so that he can buy with his partner. + +But I’m really unsure what I want to do. We have 160k left to pay and the property is valued at 330k. + +The options I have come up with so far are + +1. I take out a new mortgage in order to buy my brother out and continue living in the place I’ve called home for the last 15 years, which would financially stretch me to the limit, but with the rent money from the lodger it would be doable. Then my brother would get his equity and can do his own thing. + +2. We sell the property, each take our share of the equity, and I use my share as a hefty deposit on another property. + +I think what I’m trying to work out is if there is any reason why I shouldn’t sell up. Selling the property has been talked about a few times in the past and I’ve always been told by relatives to not sell, as it will be a valuable asset to have in the future as a rental property. But, the money I would require for a deposit for another property is locked up in this one. + +This is a bit of a ramble and I don’t really have a specific question. I think I just need some opinions. +This is just breaking: OxSifu the anon person heading multiple projects like Wonderland / Abracadabra is the Co-founder of QuadrigaCX Michael Patryn + +[ZachXBT has confirmed this with Daniele, the other founder of these projects.](https://preview.redd.it/43325vv9l6e81.jpg?width=1186&format=pjpg&auto=webp&s=bb5fd5aedda42dd7156e44d0c242f4f2f2f56689) + +Its unbelievable that they have not revealed this to the users. + +[Prior to QuadrigaX, this person was running a identity theft ring. ](https://preview.redd.it/mepe7ddil6e81.jpg?width=1188&format=pjpg&auto=webp&s=91d0cb1a8e1c09b96a9cf5fca9001860645ebcc8) + +One of the projects TIME is collapsing over the past few weeks, and both these users have supposedly been liquidated on leveraged positions yesterday. I dont understand why they were holding such high leverage positions in this crabby market environment. Maybe its just psyops to garner sympathy from users.. + +[Damn: Daniele just said he was aware of this, but decided its best to continue to work with him and keep the community in the dark. Jfc man. ](https://preview.redd.it/jx86yyivl6e81.jpg?width=1198&format=pjpg&auto=webp&s=2d17cd3ade5696dd89702b1d7e8b275aa0ca61dc) + +Micheal Patryn is a convicted felon who has served time in US for his criminal enterprises. + +[https://www.theglobeandmail.com/business/article-quadriga-co-founder-served-time-in-us-for-role-in-identity-theft/](https://www.theglobeandmail.com/business/article-quadriga-co-founder-served-time-in-us-for-role-in-identity-theft/) + +>The co-founder of troubled cryptocurrency exchange QuadrigaCX is a convicted felon who served time in the United States for his role in an online identity-theft ring. +> +>Michael Patryn helped launch Quadriga’s trading platform in 2013 alongside Gerald Cotten. The company has come under intense scrutiny since Mr. Cotten, its chief executive, died at the age of 30 from complications of Crohn’s disease while on his honeymoon in India last December, leaving the exchange’s users unable to access $250-million in cash and cryptocurrency. + +Update: SIFU's wallet has over $450m. : https://debank.com/profile/0x5dd596c901987a2b28c38a9c1dfbf86fffc15d77 + + +Amount stolen from QuadrigaX? $135m +👀 +I know it feels like we are kind of in a lull with the price action right now. But I want to remind you, that historically, all-time-high price ranges usually last for a matter of hours during the peak. + +We have been trading in this price range for weeks. + +We still have a lot of room to go, friends. +I assume almost all of us here have read "The Intelligent Investor", or at least have read the sections pertaining to the recommendation that the everyday person/ passive investor should DCA an S&P500 index fund. A real life example of this is found in Warren Buffet's 10 year bet against the hedge funds, where a simple S&P500 index fund beat out funds actively managed by professionals. + +Knowing this, what is your justification for buying individual stocks? I also find myself thinking I can beat out the overall market, and more than half of my investments are in individual companies. Sometimes I find myself wondering if I'm overestimating my analytical skills/ thoughts about a company's future, and if I should just stick to the age old DCA index fund advice. + +I want to start a discussion about why you personally feel (or don't feel) like you can beat the S&P500. My reasoning for thinking I can beat it in the current economy is that I think a large majority of the S&P500 is going to either do very poorly in the near future (1-3 years) or go out of business all together. Therefore I've been picking stocks that I think should do well given the new circumstances. +I need someone with some knowledge on old stocks. My mom handed me a Disney stock certificate last Father's Day and said that my father had purchased 9 shares of Disney stock for me for my 9th Birthday. When I called Broadridge they said that they have no real information for me, because they weren't the holding company at that time. They also tried to claim that they may have already been sold, but my mother says that there is no way they were ever sold. I have the certificate and it isn't signed. Wouldn't that be proof that those shares were never sold? +While reading a bit on the ideas to protect money from inflation, I noticed many people have the idea to move their money into the general stockmarket (e.g. indexes, managed-funds, S&P, NASDAQ). The idea behind this is that the money is "save" in the market due to companies in general profiting from increasing prices and therefor increasing in value. + +I do not comprehend how this would work, for the following reasons: + +1. As long as the stockmarket value does not increase as much as inflation, you still lose value. +2. As long as salaries do not incease as much as inflation (which currently does not seem the case), this would cause consumers to lose buying power. Anything consumer related thus would start making less profits and drop in value. Any money invested in related stocks would thus lose to inflation and to the stock dropping in value. + +Putting your money in indexes/funds might thus work countereffective as you are hit by inflation and the stock market dropping/being stagnant due to consequences of inflation. Looking at the inflationary period from the 1965-83, the S&P was more or less stagnant over this timeframe. You would thus mainly have lost money to >5% y/y inflation in that period in the market (I am not sure how much stocks have paid dividends in those times, that might have compensated for this). Market growth only continued after 1983 (after the insane rate hikes put trough by the FED, putting inflation down). Based on this it, seems that buying the general market is not a good strategy if inflation rages. + +I could not really find individual stock prices of companies that might have performed well in 70/80s (if anyone has a source, I am interested). However, judging from commoditiy prices in the timeframe of 1965 to 1985, oil, gold, iron etc (so basically commodities) would have been great investments over that timeframe. + +Do you guys think picking investments (e.g. commodities/related stocks) might allow you to outrun inflation, are you sticking with a general market DCA strategy or do you have another strategy? +**Too Long; Didn't Read** + +Ether, the token of the Ethereum network is a yielding asset. We can calculate an intrinsic value for the ETH token using traditional finance valuation models. + +You can find these in the following [spreadsheet](https://docs.google.com/spreadsheets/d/1_r4DVzqWgoP7k0y-YXVdyKfEtpTaY-F6f5s9lc7sBNE/edit?usp=sharing). This spreadsheet is read-only and won't be edited to meet the rules of /r/investing, is provided as is. + +Hope you enjoy the analysis and motivates an interesting discussion. + +**Introduction** + +The cryptocurrency asset space is largely misunderstood by the market resulting in significant inefficiencies in its valuation. From wild speculative valuations in tokens with no specific purpose, to some very significant undervaluations in others. I think the best way to help the market find the fair value of each asset is by building valuation models that root the value of the token in its fundamentals. The expectation is that armed with better models, market inefficiencies will diminish with time. + +**Intended Readership** + +This post can be beneficial to those well-versed in traditional finance and fundamental valuation models that do not understand what cryptocurrencies are and see them as shiny magical tokens with no intrinsic value. + +On the opposite end of the spectrum it can be beneficial to those well-versed in cryptocurrencies; what they are, their use and purpose and understand their utility. But are not necessarily familiar with financial valuation models. + +The large decoupling between these groups of people is probably cause of the severe mispricings occurring in the space. Hopefully this post and the valuation models provided can help bridge the gap between the two. + +**Understanding Ethereum** + +Ethereum is a settlement layer capable of executing smart contracts (small programs), in this regard you could consider it as not too dissimilar in functionality to a payment processor (e.g., Visa, Mastercard, Square...) that is also able to host and execute applications, like a Decentralized App Store. This settlement layer is highly decentralized and secure because it relies on thousands of independent nodes validating all the transactions executed on the network; there is no downtime, the network is censorship resistant, and is not owned by any individual or organization. This is the value proposition of the network, not every use case benefits from these properties but for those that do Ethereum is the leading platform. + +**Ethereum Monetary Policy** + +To pay for the security and decentralization the network pays its validators, remunerating them for their work. Additionally, this remuneration serves as an incentive for anyone to join the validation effort, increasing the security and decentralization of the network. This remuneration has 2 sources; newly minted tokens and transaction fees paid by the users of the network. I´m going to provide analogies rooted in traditional finance to help illustrate the parallelisms. + +- Newly minted tokens are not too dissimilar to the issuance of new stock. When a company emits new stock existing shareholders dilute themselves (they have a smaller share of the company) and the newly created shares are given as remuneration to a subset of them, for example to employees as part of a stock based compensation program. It´s important to understand that creation of new tokens does not create value out of thin air, as it´s self-diluting. Instead, there is a transfer of value from all token-holders to the validators that receive those newly minted tokens. + +- Transaction fees paid by the users of the network can be compared in this analogy to the revenues. When a user wants to settle a transaction on the network it pays for its use. The more transactions and the more valuable the fees of those transactions the more revenue collected by the network. A traditional finance person should immediately understand that if there are cash flows entering the system you can use those to create a valuation model. The throughput of the network is an scarce resource so the price paid for transactions is subject to demand and supply dynamics. + +The revenue of the network (i.e. the transactions fees) is used in one part (around 20%) to remunerate the validators and the rest (around 80%) to reduce the token supply. These percentages are not fixed by the protocol but are instead a result of demand for the available transaction throughput, the values here quoted are the currently observed proportion. The token supply reduction operates in a way not too dissimilar to a stock buyback program, where income of a company is used to reduce the circulating supply of shares. This token supply reduction is commonly nicknamed "burning". + +**Monetary Model** + +The network generates revenues. These revenues are used to pay validators for their work and reduce token supply. At the same time the network issues new tokens, that are used as another source of remuneration for the validators. The interplay between the token supply reduction through burning and the token issuance determines if the token supply is deflationary (net token destruction), inflationary (net token creation) or flat (no net change). Thus Ethereum's monetary policy is defined programmatically but is also adaptative to the market, if the price of Ether falls too low for its given revenues it will enter a strong deflationary regime to self-correct the situation. This gives Ethereum a very strong monetary policy (arguably stronger than Bitcoin) and consolidates the token as a store of value as it can be used to calculate a long-term lower bound price of the token. You can see this in detail in the Monetary Model tab. + +**Yield Model** + +With the introduction of a burn mechanism Ether became a yielding asset, the burn mechanism results in an effective yield for all token-holders in much the same way a buyback results in shareholder yield for shareholders. Ether becoming a yielding asset will be cemented even further with the transition to Proof of Stake (a.k.a. "the merge"). With it, token-holders can become validators of the network and receive also the fee revenue (the other 20% of the network revenues). + +Yield opens up an entirely new price discovery mechanism. Without yield, the price of a token is purely based in supply and demand (this is the current situation for most cryptocurrencies). We may know the supply ahead of time, as it's defined algorithmically, but demand is fickle and changes on a whim. This results in a lot of volatility, particularly with low market capitalizations and small circulating supplies. + +But yield gives us a comparable across asset classes. All else being equal, money tends to flow to higher yielding assets to extract that yield, in doing so the price of the underlying asset increases reducing the yield. This causes assets to converge relatively quickly to a yield comparable to the rest of asset-classes given certain measure of risk (e.g., volatility, total loss of capital, etc...) and expected growth. If the price of Ether becomes too low for a given value of the network fees, it will result in a very large yield and investors will flock to it to obtain the yield. This allows us to build a yield based valuation model. You can find said model in the Yield Model tab. + +**DCF Model** + +Discounted Cash Flow models are the gold standard of valuation. In a Discounted Cash Flow model the intrinsic value of an asset is computed taking into account the future cash flows it will generate and to which the stakeholder is entitled. + +The idea is very simple, if an asset generates cash flows the value of the asset should be that of all the future cash flows it will generate. At the same time, receiving a large lump-sum very far in the future should be worth less than receiving it today as there is a time value of money. Money today can be invested and receive with it certain rate of return, so we should discount the future cash flows to take into account the time value of money. + +We can do this with Ethereum and calculate its intrinsic value. DCF models are particularly sensitive to our assumption of the expected future cash flows and the discount rate so they will be more accurate the better you can forecast them. You can find this model and some base assumptions in the DCF Model tab. + +**Why 3 models?** + +In truth, there should only be one model, the one that correctly predicts the intrinsic value of the network. And this model is, in fact, the DCF model. The problem is that correctly forecasting the future cash flows and having a proper estimation of the discount rate is very difficult which makes DCF models quite prone to the garbage in/garbage out phenomenon, where poor assumptions lead to poor predictions of the model. Because of this we can benefit from 2 models that are very simple in comparison: + +- The Monetary Model gives us a very good long-term lower bound of the token value. As the network will execute its monetary policy in a way that leads to this price acting as a lower bound long-term. Since the price set by the Monetary Model must hold true in the long-term we can use this price as the terminal value of the DCF. +- The Yield Model gives us a very good short-term view of the token value. As this yield can be obtained today, giving the market a powerful mechanism to quickly reflect the price that results in a yield comparable to the rest of asset classes (given certain measure of risk). If you set the discount rate to your expected yield you can view the Yield Model as the first-order expansion of the DCF model. + +So the two models are simplified version of the DCF for two different regimes: long-term (Monetary Model) and short-term (Yield Model). +So I saw a post a couple of minutes ago about Pulse chain, which is basically a direct copy of Ethereum. Everything you currently own on Ethereum is going to be copied over and you will basically double your current portfolio, sounds amazing right? + +I thought so and decided to do a little digging and find out what this revolutionary new chain was all about. After about fifteen minutes of research I came to the conclusion that this is one of the biggest scams I've ever seen. + +First - Who is Richard Heart the creator of HEX and Pulse chain? + +* **Heart was** [**successfully sued by Peacefire.org in 2002**](https://www.zdnet.com/article/peacefire-org-beats-spammers-in-court/) **for violating Washington state’s anti-spam laws. Yet Heart’s dark past as the ‘Spam King’ might be the least worrying fact to emerge.** +* **Screenshots from 2005 expose Richard James Shueler as the ‘Spam King’ | Source: PanamaGuide/Reddit** +* [**Screenshots from between 2005 and 2007**](https://www.reddit.com/r/btc/comments/79y40b/scammer_alert_you_know_the_narcissist_guy_who/) **show Heart (real name: Richard J. Scheuler) was investigated by authorities in Panama for theft and extortion.** +* **Heart has had multiple aliases – from James Hart, J. Richard, and Richard Schueler).** **Heart’s supposed cohorts included robbers, blackmailers, and corrupt government officials.** +* **A Google Groups post made by Miguel Antonio Bernal in 2007 references Heart/Schueler as belonging to a “new breed of thieves”. The post describes the process by which American criminals flooded Panama to “rob, cheat and blackmail local businessmen using Panama’s weak legal system”.** + +**What is Hex token?** + +* It's basically Bitconnect "a Ponzi scheme" + +Getting past that, is Pulse chain a scam? + +Here are some sources that I found that make it seem like it is likely a scam + +* [https://bowtiedisland.com/pulsechain-biggest-airdrop-or-biggest-scam-ever/](https://bowtiedisland.com/pulsechain-biggest-airdrop-or-biggest-scam-ever/) +* [https://np.reddit.com/r/CryptoCurrency/comments/rzqh7o/gentle\_reminder\_pulse\_x\_pulse\_chain\_hex\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/CryptoCurrency/comments/rzqh7o/gentle_reminder_pulse_x_pulse_chain_hex_and/?utm_source=share&utm_medium=web2x&context=3) +* [https://cryptoslate.com/what-is-pulsex-and-why-did-people-give-it-a-billion-dollars/](https://cryptoslate.com/what-is-pulsex-and-why-did-people-give-it-a-billion-dollars/) + +other sources + + [Hex is an obvious scam by u/chicky\_Nuggy](https://np.reddit.com/r/CryptoCurrency/comments/piwi1u/hex_is_an_obvious_scam_you_should_definitely/?utm_source=share&utm_medium=web2x&context=3) + +[wantFI.com - Richard Heart's Hex Token is a brilliant scam](https://wantfi.com/richard-hearts-hex-token-is-a-brilliant-scam.html) + +TLDR: Is Pulse chain a scam? + +I can't prove it's a scam but **If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck** +I apologize to ape brothers and sisters. I DON'T have a colossal amount of time to spend on this. The chronological order is rough, and I am tired. My hope is that I can present enough due diligence, that some of the more tuned-in members of this wonderful hive I call the **"Ape Intelligence Agency"**, can run with it. + +I have a personal grudge involving the JCPenney situation, as my mom worked there for 17 years. Boy was I furious when u/dilkmud0002 and some others made a connect in the past few days between BCG and JCPenney. + +[https://www.reddit.com/r/Superstonk/comments/tn0yw/kmart\_toys\_r\_us\_enter\_the\_chat\_its\_like\_bcg/](https://www.reddit.com/r/Superstonk/comments/tn0ywu/kmart_toys_r_us_enter_the_chat_its_like_bcg/) + +SO I DUG..... and I FOUND MORE. + +I believe, if we keep looking, we will find even more bullshit than what I've given below. Anyone who was paying attention to Jill Soltau, the BOD, attorney Sussberg, and Judge Jones, knew there was nonsense going on. It was an unnecessary bankruptcy. Even if it was, the assets should have been sold at open public auction, not just given to Simon Property. Covid was the scapegoat to finish off a great Short heist -- as I see it. + +\----------------------------------------------------------- + +# On to business: + +\----------------------------------------------------------- + +# OOOH LOOK, A NEW B.C.G. PERSON FRESH INTO JCPENNEY. Say goodbye to Karl Walsh, and say hi to Katie Mullen (She's new to JCP folks. Make her feel welcome !) + +[https://www.bizjournals.com/bizwomen/news/latest-news/2022/01/jcpenney-adds-two-executives-to-digital-team.html?page=all](https://www.bizjournals.com/bizwomen/news/latest-news/2022/01/jcpenney-adds-two-executives-to-digital-team.html?page=all) + +"**Katie Mullen will lead the growth of the company’s e-commerce business, including jcp.com**, as chief digital and transformation officer. She also will be responsible for driving enterprise strategy and the company’s transformation agenda. + +Mullen most recently spent nearly three years with **Neiman Marcus Group**, serving as chief transformation officer and then chief digital officer. **Previously, she was a partner and managing director at Boston Consulting Group."** + +*(We barely started this post, and I already feel vomit coming into my mouth)* + +\----------------------------------------------------------- + +# Neiman Marcus Chapter 11 bankruptcy + +Neiman Marcus Group, Ltd. LLC and 23 affiliated debtors filed [Chapter 11 bankruptcy](https://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Code) in the [United States District Court for the Southern District of Texas](https://en.wikipedia.org/wiki/United_States_District_Court_for_the_Southern_District_of_Texas). The debtors have requested joint administration of the cases under Case No. 20-32519. According to the company's CEO, Geoffroy van Raemdonck, the filing was a direct result of the [COVID-19 pandemic in the United States](https://en.wikipedia.org/wiki/COVID-19_pandemic_in_the_United_States). The company's website, mytheresa.com, is not part of the bankruptcy.[\[26\]](https://en.wikipedia.org/wiki/Neiman_Marcus#cite_note-26) At the end of September 2020, Neiman Marcus exited Chapter 11 bankruptcy, now owned by a consortium of investment firms ([Davidson Kempner Capital Management](https://en.wikipedia.org/wiki/Davidson_Kempner_Capital_Management), [Sixth Street Partners](https://en.wikipedia.org/wiki/Sixth_Street_Partners) and [Pacific Investment Management](https://en.wikipedia.org/wiki/Pimco)).[\[27\]](https://en.wikipedia.org/wiki/Neiman_Marcus#cite_note-27) + +**Who was the judge? Bueller? Bueller? Surprise. It was Judge Jones, the same one who rubberstamped all of JCPenney bankrupcty shenanigans jizzed-up by JCP attorney Joshua Sussberg of Kirkland & Ellis.** + +Of course judges need to put on a public display of finger-wagging, while everyone is probably slapping each other on the ass, out of public view. + +[https://www.institutionalinvestor.com/article/b1njs0yc76n9xp/Marble-Ridge-Reaches-Agreement-With-Neiman-Marcus-but-a-Texas-Judge-Has-Sharp-Words-for-the-Hedge-Fund](https://www.institutionalinvestor.com/article/b1njs0yc76n9xp/Marble-Ridge-Reaches-Agreement-With-Neiman-Marcus-but-a-Texas-Judge-Has-Sharp-Words-for-the-Hedge-Fund) + +[https://www.reuters.com/article/bankruptcy-kamensky/bankruptcy-judge-denounces-hedge-fund-founder-but-oks-neiman-deal-idUSL1N2IR00X](https://www.reuters.com/article/bankruptcy-kamensky/bankruptcy-judge-denounces-hedge-fund-founder-but-oks-neiman-deal-idUSL1N2IR00X) + +[https://www.dallasnews.com/business/retail/2020/12/10/neiman-marcus-bankruptcy-court-judge-david-jones-calls-hedge-fund-manager-a-thief-and-a-liar/](https://www.dallasnews.com/business/retail/2020/12/10/neiman-marcus-bankruptcy-court-judge-david-jones-calls-hedge-fund-manager-a-thief-and-a-liar/) + +By the way, Davidson Kempner Capital has/had PUTS against Gamestop. Still open? Sorry, I cannot unlock, and i don't know where else to find the info. + +[https://fintel.io/so/us/gme/davidson-kempner-capital-management-lp](https://fintel.io/so/us/gme/davidson-kempner-capital-management-lp) + +\------------------------------------------------------------- + +# NOW ON TO JCPENNEY -- the real Meat 'n' Potatoes + +For those not familiar with the agony of 2020, the best condensed wisdom is from one of the smarter commenters on iHub (not the tards, and believe me, that place has tards worse than BadonkaStonk and W5B put together). The best comments come from **"StihlsawsRule"**. They knew their shit, and knew exactly what Judge Jones was going to do. And boy was he right. + +[https://investorshub.advfn.com/boards/profile.aspx?user=646598&page=5](https://investorshub.advfn.com/boards/profile.aspx?user=646598&page=5) (StihsawsRule on JCP) + +[https://investorshub.advfn.com/Old-Copper-Co-Inc-(f-k-a-CPPRQ-JCPNQ-JC-Penney)-6271/](https://investorshub.advfn.com/Old-Copper-Co-Inc-(f-k-a-CPPRQ-JCPNQ-JC-Penney)-6271/) (For general comments of mostly tards) + +[https://investorshub.advfn.com/boards/read\_msg.aspx?message\_id=162664387](https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162664387) + +* Another smarter voice mentions of naked shorts. (They suspected also) + +\----- + +More docket info, for whomever can rip value. Click on the side-tabs. + +[https://cases.primeclerk.com/JCPenney/Home-DocketInfo](https://cases.primeclerk.com/JCPenney/Home-DocketInfo) + +\----- + +**Simon Property Group and Brookfield Asset Management bought out the remnants of J.C. Penney (Were handed it by judge Jones, as I see it. Just one tards opinion.)** + +We've also had several apes on here writing about connections of Amazon to Simon Property Group and others. Maybe there's something to connect here. + +[https://www.reddit.com/r/Superstonk/comments/pgttob/the\_post\_about\_gamestop\_being\_a\_victim\_of\_jeff/](https://www.reddit.com/r/Superstonk/comments/pgttob/the_post_about_gamestop_being_a_victim_of_jeff/) + +I believe u/BadassTrader makes a lot of connections to Amazon in his Billionaire Boys Club series. + +[https://www.nbcnews.com/business/business-news/amazon-snapping-disused-shopping-malls-turning-them-fulfillment-centers-n1262914](https://www.nbcnews.com/business/business-news/amazon-snapping-disused-shopping-malls-turning-them-fulfillment-centers-n1262914) + +[https://www.wsj.com/articles/amazon-and-giant-mall-operator-look-at-turning-sears-j-c-penney-stores-into-fulfillment-centers-11596992863](https://www.wsj.com/articles/amazon-and-giant-mall-operator-look-at-turning-sears-j-c-penney-stores-into-fulfillment-centers-11596992863) + +\----------------------------------------------------- + +# WHAT POST HERE WOULD BE COMPLETE WITHOUT KEN GRIFFIN & CITADEL + +[https://markets.businessinsider.com/news/stocks/citadel-cashes-in-retail-trading-boom-buys-customer-orders-2020-6-1029329874](https://markets.businessinsider.com/news/stocks/citadel-cashes-in-retail-trading-boom-buys-customer-orders-2020-6-1029329874) + +Note who is in the picture, at the "Milken Institute Global Conference" (where we gather to make the world a better place /s ). + +[https://www.citadel.com/news/ken-griffin-outlines-keys-citadels-success-global-milken-institute-conference/](https://www.citadel.com/news/ken-griffin-outlines-keys-citadels-success-global-milken-institute-conference/) \- May of 2019 ? + +[https://en.wikipedia.org/wiki/Milken\_Institute](https://en.wikipedia.org/wiki/Milken_Institute) (Yes, that Michael Milken) + +This is right around the time that JCPenney was in peak decline, and ultimately de-listed. I'd love to know (please, any ape out there with better finance tools and sharper crayons) **how much trading was on the lit markets.** + +\----- + +[https://www.insidermonkey.com/blog/more-wealthy-hedge-funds-buying-j-c-penney-company-inc-jcp-491955/](https://www.insidermonkey.com/blog/more-wealthy-hedge-funds-buying-j-c-penney-company-inc-jcp-491955/) + +Let's go back to 2016. Insider Monkey says Citadel had a $68 million Long position in JCP. At this point, I have learned to trust nothing about Citadel, so I am curious what part of that was being loaned out to Short interests, and how much Citadel was making on that. OR, was Citadel using their own Long shares to fabricate synthetics? (This again, is where I get lost in the realm of Options, and I need help from other apes with better tools and more experience & knowledge). The price held still for 3 years. So if Citadel held Longs, just to loan them out for Borrow money, it seems profit could have been made on this. + +[https://www.barchart.com/stocks/quotes/JCPNQ/interactive-chart](https://www.barchart.com/stocks/quotes/JCPNQ/interactive-chart) + +\------------------------------------------------------------- + +# ANTI-HERO / ANTI-VILLAIN ACKMAN. JUST WHOSE SIDE IS THIS GUY ON. + +Let's go further back to 2012-2014, which STARTS to decline QUICKLY, and then seems to be the TRUE "beginning of the end" for JCP, illustrated simply on a chart. No more growth. Just a relegation to a slow death. + +Seems like a lot of coincidence for Ackman to be hanging in proximity at the same time. After what he pulled at the beginning of the Covid pandemic, he is pretty high on my shit list. He was screaming to be a JCP savior, and I believe, had a large Long position. But as we've learned in this game, triple-cross maneuvers are apparently more fun & appealing to these guys than a simple double-cross. + +If we look at JCP after 2014, it is a high-volume day-traders paradise (at least it looks like it to me). So I cannot help but wonder, since Citadel was/is handling 40% of all trades, how many naked shorts might have been created for JCP, and how involved could Citadel have been in this slow decline? + +\------------------------------------------------------------------ + +# *** SPECIAL GUEST STARS *** ATHENE & APOLLO GLOBAL MANAGEMENT + +By the way, JCPenney pensions are managed by Athene, who is either mostly or wholly owned by... bum bum bum... **APOLLO GLOBAL MANAGEMENT.** + +I can't find anything nefarious yet, but maybe one of you can. + +[https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/apollo-s-merger-with-athene-highlights-pe-s-rush-for-permanent-capital-63263065](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/apollo-s-merger-with-athene-highlights-pe-s-rush-for-permanent-capital-63263065) + +[https://www.apolloathenewatch.org/jcpenney/](https://www.apolloathenewatch.org/jcpenney/) + +\-------------------------------------------------------------------- + +I WAS WATCHING PENNEYS VERY CLOSELY FELLOW APES... all the way from 2012 to 2020. This bankruptcy cannot be blamed on Amazon (saleswise), or eBay, or the usual "online shopping is killing retail clothing" horseshyte. I present juggernaut ROSS as proof-positive. I've been in retail settings for a long time, with clothes and many other items, and I may just make a Part II on this, on exactly how JCP could have turned it around -- and I don't even have a fucking Bachelors. I'm just a street-smart GenX asshole, who has watched in astonishment, the level of blatant corruption that is accelerating in this country. Add GME from January 2021 (my ape baptism) and now I'm beyond pissed. Some persons were being paid to pooch JCP. I followed the strategies of Johnson, Ellison and Soltau. Johnson's could be forgivable, possibly. Ellison, biggest accomplishment = appliances = no way; dragged feet on the shit too. Soltau... just a complete joker, with no business being there. This company got sandbagged for 8 years, with little bits of bad strategy here and there. Little oopsies here and there. Little inventory goofs here and there. + +Covid simply provided the perfect cover for soooo many companies to say "Er mer gersh, we can't do it anymore"... while they paid "talent retention bonuses" to top brass, but furloughed thousands of others. This is disgusting. + +\----------------------------------------------------------------------- + +**I hope the smartest apes on here, can connect some more dots from the above.** + +**I'm going back to being pissed, and buying more shares today. My mom, the one who worked for JCPenney for 17 years, is buying more GME today too. She's furious.** +With the increasing cash rate it seems more important than ever to pay off my HECs debt. It's the only debt I have to my name, and with inflation rising higher than my wages I'll start going backwards fast. + +What I have noticed is that HECS is indexed on the 1st July every year, but the portion of my salary collected by my employer is not allocated to the debt until my tax return is lodged and approved (post-1st July). + +So my HECS is indexed at the full balance NOT including money set aside during the year. This seems absurd to me. + +As such, I would like to know if it's possible to tell my employer to stop withholding my pay and if I can PAYG into my HECS debt myself each month? + +I have looked at the ATO website and it says I am required to advise my employer to withhold my pay for HECS. Is there any room to move here, would it work? +Hey everyone; + +I’m looking at buying a block of land with the intent of building on it and had some questions for those with a bit more knowledge and experience than myself. + +Background Info: 29, f, earn about 54k a year, 9k owing on a personal loan, 21k saved as a deposit. + +Giving me limited borrowing capacity I’ve been priced out of my area (Regional Vic) over the past 2 years so that’s why I am thinking of going down the path of buying land first. + +On to my questions; +1. For those who brought land first; what was it like securing a construction loan when you’ve already got the land loan? My hope would be save up another deposit but then also use any equity on the land as well to make the deposit for the construction loan. + +2. There is a block that I’ve been eyeing that has dropped about 40k in price over the past 4-6 months. I’ve looked at the overlays on the property and it is zoned as low density residential with a Bushfire Management Overlay. It also will need an on-site septic system and there is no current connection points for power, gas and water. Is this enough to warrant the price drop or is there something else that I’ve neglected to look at? + +3. Some of the blocks that I have looked at have been quite narrow and small so if I was to buy the land I’d be looking at building a property that best utilises the space. How much change can I make to plans at say Metricon or Simmonds or am I better off looking at like custom-built (if that is even possible considering my borrowing power)? + +If you need any more info let me know! Any other suggestions or advice would be great as well because I am little bit lost. +Thanks guys!! +Two things gave changed lately: + +* Avengers has earned 1.2 billion as of today. I guess going to the movies isn't dead. Need good movies. +* Interest rates have gone down. The search for yield has returned. Cineplex yields 6%. + + +There are better companies that pay good dividends out there, like Telus, Bell, REITS, but they are near all-time highs and their yields have gone down. Could just buy a dividend ETF like ZEB, XEI, XDV, ZDH, but those have a lot of banks and I already have enough of that. + +&#x200B; + +For those of us who need yield, seems like a good time to bet on Cineplex. What do you think? +First time Canadian investor with $15,000 to start with in a TFSA. I will be putting in monthly payments to my BMO InvestorLine account, probably about $500/month, and reinvesting dividends. I'm currently developing a simple ETF portfolio that will hopefully let me sleep at night. I've been reading the Canadian Couch Potato and about the Boglehead philosophy. I plan to invest this money for at least 10 years, then will consider taking some for a house down payment if possible. I'm currently 23. + +My thinking is to put 70% of my money into VFV (S&P 500 index) for fairly good returns with lower risk. I have read recommendations to diversify beyond the US economy, so I have considered putting the remaining 30% into XEQT. **Is this a passive, long-term strategy, and will more international exposure reduce risk?** + +If I'm willing to take moderate risks, do you have any recommended changes? Or things I should know as a new investor with this portfolio? +Hello everyone, I’m a 22 year old newer investor I’ve currently been invested in the market since May of last year. At the moment I have 17,000 in stocks/crypto and 8000 in a savings account with my bank, Im saving 220$ a week right now while also paying a 500$ a month car loan which is finished next august. My original plan was to ride out my stocks for the foreseeable future and continue to save in my savings account to go to college in September of 2022 but recently I’ve come across a potential deal with someone I know to purchase a duplex next year. Im wondering if it would be a smart financial decision to sell off my stocks I currently own due to potential market volatility in the next while and take my school money to buy this property and do an owner occupied and rent out the other unit. +I'm brand new to investing and have been trying to piece together information on creating my own ETF based portfolio. A little background information.. I'm 31, married, relatively safe career (will not lose job but income is reducing due to commission cuts), own a townhouse with a 30 year mortgage, and also have a RRSP matching contribution plan thru work. + +I'm planning to build my ETF portfolio inside a TFSA which I have a current balance of $14,000. I like the idea of dividend investing but would also like growth stocks as well. Since I'm new to investing and do not wish to eat, sleep, breathe researching company's and stocks, I've chosen to go the ETF route. + +Here's what I've pieced together so far: + +VFV - S&P 500 - 30% + +VDY - CANADIAN HIGH DIVIDEND - 30% + +XIU - S&P/TSX 60 - 15% + +HXQ - NASDAQ 100 - 15% + +REITS - (RIOCAN/SMARTCENTRES/H&R) - 10% + + +I plan to add between $500-$1000 per month and any money left over will buy the dip on stocks that interest me (small % to gamble). Also I'd like to mention I'm using Wealthsimple Trade. + +I'd like to thank in advance anyone that would like to offer any constructive criticism to help me get started on my investing journey. Cheers! + +EDIT: I forgot to ask, if this portfolio makes sense or it gets changed based on suggestions, should I buy these stocks all at once? Should I dollar cost average and buy them slowly during dips? Again, any info or suggestions are greatly appreciated! +I just got an email allegedly from Metamask saying I have to sync my wallet due to the merge. + +The address is from a Seattle heating company, and the link does not match the one in the email. + +I use email aliases so each online account has a specific email linked to it. This phishing attempt went to the email used by and only by my Gemini account. Thankfully I have no funds there but this was a complex phish and twitter has another [example](https://twitter.com/btc_cfo/status/1597382743171936256) of an SMS-based Coinbase phishing attempt. + + +[Email I received +](https://i.imgur.com/MpkjbEA.png) + +[The website that the link takes you to](https://i.imgur.com/NQohUJa.png) + +Gemini is compromised. Either they sold their user data or got hacked. +Understandably most people new to this space and Ethereum, are **raging** and fearful with the current gas fees (transaction fees), having sky-rocketed lately. Yes, we are frequently seeing 100 – 300 gwei resulting in **50-150 dollar prices on Ethereum's Mainnet (Layer 1) at rush hour!** + +**This post will help you out!** + +1. Mainnet: **Why are the gas fees high?** +2. Mainnet: **How can I pay the LEAST POSSIBLE on Ethereum Mainnet?** +3. How solve this problem, by **moving from Ethereum’s Mainnet** to Layer 2’s (L2), Side Chains or Helper Chains that most “veterans” have been using for DeFI and transactions for months. Examples are: **Polygon, Fantom, xDAI, Optimism and soon Arbitrum**. (Polygon and Fantom not being "true +4. The **Layer 2 Rollups** will **Scale Ethereum** to new heights + +**REPOST FROM YESTERDAY:** The previous [Original Post](https://www.reddit.com/r/CryptoCurrency/comments/phcroe/ethereum_is_useless_and_will_die_because_of/) from yesterday and the repost was automatically removed by ModBot. Many msg me to repost, so here it is. Hopefully it stays up! + +# 1) Why are the gas fees high? + +* Right now, Ethereum can handle about **30 transactions per second (TPS**) at best; Visa, by contrast, does about 1,700 transactions per second and claims it can handle up to 24,000. +* Currently, due to the massive usage (**success/adoption**) of Ethereum being used for DeFI, NTFs mints (crazy shit), transactions by retails, institutions and exchanges the gas fees are rocketing in periods. +* This is bad for us “small fish”, leading to fees higher than some of us have in our wallet! However, this proves that Ethereum still is working securely even under pressure without mistakes. For sure, Ethereum needs to continue to prove that blockchain and smart-contracts are secure and decentralized, in order for adoption, acknowledgment and success of the rest of the crypto space with so **fantastic projects like ADA, ALGO, AVAX, Elrond, Tezos and ONE** etc. can thrive. +* While we wait for ETH 2.0’s Sharding and the current L2 Rollups to take over (see below), we have to look at other tricks and solutions. Besides, I suspect the completion/integration of Sharding to take longer than expected. + +# 2) How can I pay the least possible gas on Ethereum Mainnet? + +* Use a [Gas Tracker](https://etherscan.io/gastracker) to see the current estimated gas price for a **fast, average or slow transaction,** BEFORE transacting. If you are using e.g. [Metamask](https://metamask.io/), you can **Edit Gas Price** if it is set too high or if you believe it will drop. **Careful:** *If you set it too low*, there is a risk it wont go through, and you got to pay MORE to speed it up. +* In my experience the **gas is LOWEST in the mornings at 6-10 UTC (US night time)**, or especially in **Weekends.** +* If your transaction is not urgent, **WAIT** for the time when it drops back to **GOAL OF 15-35 gwei**! Not many weeks ago it was consistently 7-15 gwei in low traffic hours. + +# 3) Make the move from Ethereum Mainnet (Layer 1) to a Layer 2 or Sidechain: + +**USEFUL INFO:** + +* [Layer 2/Rollups](https://ethereum.org/en/developers/docs/scaling/layer-2-rollups/)**:** Is a collective term for solutions designed to help scale Ethereum by handling transactions off the Ethereum Mainnet (Layer 1), while taking advantage of the robust security of Mainnet. +* [Sidechains:](https://ethereum.org/en/developers/docs/scaling/sidechains/) A sidechain is a separate blockchain which runs in parallel to Ethereum Mainnet and operates independently. +* **EDIT:** Doing this primarily for those who wanna use DeFi/dApps! No reason to move if you have just wanna HODL your Eth or keep them in a "earn" wallet like Celcius, Blockfi, Nexo or crypto . com. +* Moving to the currently most used solution, **Polygon (MATIC),** will for many be like **being born anew** (seriously, [here is my reaction/post](https://www.reddit.com/r/CryptoCurrency/comments/mxrw09/i_just_tried_maticpolygon_l2_for_ethereum_why_did/) 4 months ago). Transactions **cost average $0.0007** and **takes 1-3 seconds** (unless rush hour). Yes, this is already a lot cheaper than almost all L1 competitors. +* Polygon currently already has most big DeFi dApps like **[Opensea](https://support.opensea.io/hc/en-us/articles/1500012889322-How-do-I-purchase-NFTs-on-Polygon-) (free trading of NFTs), Sushiswap, 1inch, AAVE, Curve, Beefy**. And many more are integrating. +* Polygons biggest DEX is [Quickswap](https://quickswap.exchange/#/swap), it's based on Uniswap V2. It has 1 Billion TVL and 24 h volume +/- 100 million. In other words: Great liquidity! +* [Coinbase and other Exchanges are integrating Polygon](https://www.fxstreet.com/cryptocurrencies/news/coinbase-to-use-polygons-ethereum-scaling-solution-to-reduce-prices-settlement-times-202109010427), so, you soon you can deposit DIRECTLY into e.g. Polygon, and Withdraw directly without having to touch L1's high fee baselayer! +* Another great choice is **Fantom (FTM),** while being it’s own blockchain is compatible with EVM and can be regarded as a helper chain. + +**HOW TO:** + +* For simplicity, we will focus on Polygon. In order to move to or from Polygon, you need to use this [Bridge](https://wallet.matic.network/bridge/) (there are loads of other bridges too, e.g. between BSC or Fantom). +* I personally connect with [Metamask](https://metamask.io/) (signing all transactions with my hardware wallet [Ledger](https://www.ledger.com/)/[Trezor](https://trezor.io/)for security!) or Coinbase wallet to interact with Bridges and dApps. You can easily add different networks ([handy link to do it automatic](https://chainlist.org/)) supporting the Ethereum Virtual Machine (EVM) and seamlessly swap between them in your Metamask, after you’ve added them. +* If you use bridge when **we're at 15-25 gwei,** I recon moving e.g. Eth costs like **$3-5 for permission**, then **$7-10 for Transfer.** With current gas prices it's surely >**$**100! + +&#x200B; + +[Pretty easy to use.](https://preview.redd.it/iijnvxf6uil71.png?width=1917&format=png&auto=webp&s=4b8781401125348fd9808baee844b21b563c6f3f) + +1. Chose what and where you want to transfer, and... click transfer. +2. From Ethereum L1 to Polygon, you **first need to pay a 1 time "permission to use" transaction** for **each new coin** (it gives permission to the bridge smart contract to use your selected token e.g. Eth, AAVE, LINK). This is cheaper than the actual transfer. +3. When the first transaction is done, you will get prompted to do the **actual Transfer** (higher price). Again, wait until gas fees are low to start the Bride-process, but when it's done you're FREE. +4. Once your crypto arrives at Polygon, **you automatically get some free MATIC that lasts many transactions** (Cant remember, it's 0.01?). You can also use a [faucet](https://matic.supply/) if you run out of gas. I typically just buy 1 MATIC for all my accounts, which will hold for probably 1000 transactions. + +# 4) The Layer 2 Rollups will Scale Ethereum to new heights + +* Ethereum 2.0 will in the future have it’s **sharding, however I believe the the current working and coming L2/Rollups** will easily scale to >100,000 TPS. Heck even 1 of the current Rollups alone has far better TPS than many of the current L1-competitors! +* There are 3 types of rollups. **ZK-rollups** (Zero Knowledge rollups), **Optimistic rollups** and **Hybrids.** +* **ZK-rollups** bundle or "roll up" hundreds of transfers off-chain and generates a cryptographic proof, known as a SNARK (succinct non-interactive argument of knowledge). This is known as a validity proof and is posted on layer 1. Examples of Rollups being built are: **Loopring, Starkware, Matter Labs zkSync, Aztec 2.0, Hermez network** (merged with Polygon), **zkTube** +* **Optimistic rollups** sit in parallel to the main Ethereum chain on layer 2. They can offer improvements in scalability because they don't do any computation by default. Instead, after a transaction they propose the new state to Mainnet, or "notarise" the transaction. With Optimistic rollups, transactions are written to the main Ethereum chain as calldata, optimising them further by reducing the gas cost. Examples are: **Optimism** (Live!), **Arbitrum** (Live!)**, Fuel Network, Cartesi and OMGX.** +* In some years **Ethereum will be a beast,** a platform hosting the web3 as a base later, having multiple L2 rollups, sidechains, helper-chains working on top of it, in addition to **Sharding**, making it able to host the necessary thousands or millions of TPS needed for mass adoption. + +**If you enjoyed this post, feel free to check out 2 of my recent other educational posts:** + +* Guide: [How to start Compounding Crypto by Staking, Lending or Liquidity Providing](https://www.reddit.com/r/CryptoCurrency/comments/pf6qq7/how_to_start_compounding_crypto_by_staking) +* Guide: [How to Make Exit Strategies and Taking Profit if you dare](https://www.reddit.com/r/CryptoCurrency/comments/pdgsn5/lets_talk_about_exit_strategies_and_profit_taking) + +**EDIT 1:** **Binance** and **Kucoin** provides direct withdrawal of MATIC token to Polygon Network. **Crypto.com** has USDC transfers directly to Polygon. **OKEX** already supports Arbitrum. More exhancges are integrating the Rollups as we speak. Thanks to: Warlikeofthechaos, anor_wondo, steamyp and DamnAutocorrection! + +**EDIT 2**: Yes you are probably right, in a couple of months or more, I think most of Ethereums L1 traffic have moved (bridged) to the fast and cheap newly launched/WORKING L2 Rollups like **Arbitrum** and **Optimism**! +Hey guys, + +Some of you might have read this already. If not, see here: + +Gamestop announced to offer 3.5 million shares at at the market prices. At first you might think that's bad news for us, however I am quite certain that this is actually awesome news. Let me explain why: + +1. Timing and share amount: +The share offering is not due immediately. Gamestop just reserves the right to offer shares at market in future. Further, 3.5 million shares are just a small fraction of float (<5%) so actually not that much to worry about. + +2. Deep value: +Gamestop will conduct this liquidation to further strengthen the transformation of its business. Thus, deep value of GME will further increase and we are really moving towards becoming the Amazon of gaming. + +3. Rocket launch incoming: +With Gamestop preparing themselves for selling some of their shares, think twice what that actually means! Insiders and the company itself need to disclose in advance if they are selling shares. Now the company did it, so what does that mean? We are way closer to our Mars mission than we think. Gamestop also wants to take advantage (why wouldn't they) of the rocket takeoff, once it happens, so they needed to announce this a priori to the squeeze. + +TLDR: +While the share offering might lead to some initial dips, deep value of GME actually increases and Mars mission is about to start soon. Buckle up! 🚀🚀🚀 + +Disclaimer: +Not financial advice, just an ape here. + +A few months ago I somehow stumbled upon crypto and this wonderful community. + + +Ever since the first thing I do when I wake up is read the opinions of random people around the world on Reddit, some I agree with, some I don't - all of it is healthy discussion moving towards the same revolution.  + + +I became so consumed by it I couldn't do my day job anymore so I decided to quit. I hunted after every blockchain company I could find near me.  + + +When I found the one I wanted, the interview process was extremely tough. The people asking me questions were far more intelligent than I will ever be, but when they asked for my opinion on what direction the world was moving I responded with the shit I have learned right here. I challenged them with the opinions and discussion I have read here on a daily basis.  + + +After a while, you figure out whats real through the silent upvoters. Thank you for passing on the incredible knowledge accessible here.  + + +Fake it until you become it + + +"Realize that sleeping on a futon when you're 30 is not the worst thing. You know what's worse, sleeping in a king bed next to a wife you're not really in love with but for some reason you married, and you got a couple kids, and you got a job you hate. You'll be laying there fantasizing about sleeping on a futon. There's no risk when you go after a dream. There's a tremendous amount to risk to playing it safe." +-Bill Burr + + + +Never forget that autists... live life, be happy, do good to one another, and yolo all your shit on FD's +With the allegations from Hindenburg. More negative news now with NKLA faking their prototype vehicle driving. What’s your thoughts? + +NKLA: +13% + +Source: https://electrek.co/2020/09/14/nikola-nkla-admits-faking-video-driving-prototype-weak-response/amp/ +I'm curious to hear about others who have reached a level of financial independence to seek their "dream house" -- something you are very happy with for the next 10-20+ years. How long did it take you to find the right one, given that you may have a budget but budget is not a huge constraint, and therefore there's less desire/need to compromise on what you want in a house. Any words of wisdom on the process? + +We are quite sure we don't want to build our own house, but open to hearing about those experiences too. +Specifically interested in stories about primary residence, since I imagine the thought process and decision making is a bit different for additional properties or vacation homes. + +We have been looking for about 3 months in a HCOL city with a competitive market. Have only come close to making an offer once, but decided to pass. That house had some great qualities (very walkable to commercial area but still on a quiet street, high quality build and finishes), but had some concerns too (smaller sq ft and smaller lot than ideal, not the best natural light). We thought maybe the pros outweighed the cons, but ultimately decided they didn't. We figured we're not in a big rush, so it's worth seeing more options especially since there's not much activity now around the winter holidays. + +Thanks in advance, appreciate this community. +This is gonna be huge. For starters, Coingecko, who are very picky and wary of scams have already listed it (They haven't even listed HOGE yet), which is a great sign. + +[https://www.coingecko.com/en/coins/rocket-bunny](https://www.coingecko.com/en/coins/rocket-bunny) + +Loads of volume meaning this can get very big very fast, like HOGE. They actually improved on the deflationary tokenomics of hoge so this has even MORE moon potential. Just get in early and throw a couple hundred bucks at it, you'll thank me in a few week's time. + +Who else holding BUNNY?! + +&#x200B; + +Here's the uniswap link: + +[https://app.uniswap.org/#/swap?outputCurrency=0x3ea50b7ef6a7eaf7e966e2cb72b519c16557497c](https://app.uniswap.org/#/swap?outputCurrency=0x3ea50b7ef6a7eaf7e966e2cb72b519c16557497c) + + +Edit: anyone who bought this morning when I posted this would already be up over 200% (that's 3x in less than a day!). It's not too late to hop in guys, lots of HOGE owners will be rotating some of their profits into BUNNY. +I'm going to compare a few things here. GME shorts r fuk because we're not going bankrupt. The same can't be said for those other 2. + +**Debt to Equity History & Analysis -** + +Red - Debt + +Blue - Equity + +Green - Cash & Equivalents + +**Look how much DEBT GME has paid off! Now look how much debt the other ones have.** + +The more debt a company has, the more INTEREST they're paying per year on that debt. + +**GME debt/equity ratio - 3.1%** + +**Cash & Equivalents - $908.9 million** + +[GME ](https://preview.redd.it/vm745utsrbz91.png?width=739&format=png&auto=webp&s=ff8979912eca951cd55e5d980a2aad9bbfa90883) + +# Popcorn's debt is a SHOCKING $5.32 BILLION! + +**Popcorn debt/equity ratio - NEGATIVE 206.5%** + +**Cash & Equivalents - $684.6 million** + +[AMC](https://preview.redd.it/vod3t7kwrbz91.png?width=724&format=png&auto=webp&s=bb56046635daac42228547be0a5e4cda44a2eec2) + +**Towel stock debt/equity ratio - NEGATIVE 299.5%** + +**Cash & Equivalents - $135.27 million** + +[BBBY ](https://preview.redd.it/g5mcj2b0sbz91.png?width=734&format=png&auto=webp&s=5b5b60411381f5352c2b2582166dea9a5f45768f) + +# GME has the MOST CASH and LEAST AMOUNT OF DEBT -- here's some more charts to show you how GME blows these other stocks out of the water: + +**Financial Position Analysis** \- You want to see more assets than liabilities - there's only ONE + +[GME](https://preview.redd.it/j3yyfzj3sbz91.png?width=745&format=png&auto=webp&s=81d0af9d22bc65e80f7a5c03dfb5ffa7677079c0) + +[AMC](https://preview.redd.it/l92cwna4sbz91.png?width=735&format=png&auto=webp&s=6b019571f17bfdda998c2d8ebea0d663d87c2996) + +[BBBY ](https://preview.redd.it/vnkguv85sbz91.png?width=740&format=png&auto=webp&s=79bc48f120e11d0938b25058f4b2d0a7b528d893) + +**Balance Sheet** \- Green is Good + +[GME](https://preview.redd.it/vz5rnyfasbz91.png?width=736&format=png&auto=webp&s=a2a7153efde268812ffa682e1bdea137671d0757) + +[AMC](https://preview.redd.it/ohu73fkbsbz91.png?width=739&format=png&auto=webp&s=268d25ea8fccada651ad75a9543276e9fca6cfd5) + +[BBBY](https://preview.redd.it/s07wc3qcsbz91.png?width=736&format=png&auto=webp&s=26f3f7bdf72d81176267a45db9472bbf3ee6f7c8) + +**Earnings and Revenue History** \- GME is the closest to becoming profitable. We know GME had higher than normal selling, general, and administrative expenses ("SG&A") due to transformation initiatives. + +[GME](https://preview.redd.it/x57515vdsbz91.png?width=722&format=png&auto=webp&s=e5e18f09a425b35136f26f3a5a59185c41e12eee) + +[AMC](https://preview.redd.it/41uqt9bfsbz91.png?width=738&format=png&auto=webp&s=4f5ed9ab4f262e629b5a5fb304211b6d28e6aa33) + +[BBBY](https://preview.redd.it/l7q2qhagsbz91.png?width=733&format=png&auto=webp&s=9b8fb1a25a8077dc8ae527f2dfd9a4e914236f24) + +**Insider Trading Volume** \- this tells us how employees feel about the company. Are they HODLing💎🙌? + +It's a good sign to see buying. It means they believe in the future of that investment, and find value in that price point. + +When Insiders are selling, it can be a red flag. + +# There's ONLY ONE COMPANY whose insiders bought during the year and didn't sell for profit: GME + +[GME - only sold for tax purposes](https://preview.redd.it/nmxxmklksbz91.png?width=757&format=png&auto=webp&s=05242f63c25ac216bc19f04de0962947a81c87bb) + +[AMC](https://preview.redd.it/ul0ma37msbz91.png?width=744&format=png&auto=webp&s=a97c0232fa9b122bc9e842b35d23c4d75b31b356) + +[BBBY](https://preview.redd.it/i37lu6cnsbz91.png?width=748&format=png&auto=webp&s=304724b395e8cfa8d5f5978a649bed2262df73ba) + +There's only ONE company with an Investor base who care enough to register shares in their names, and that's a SUPER BULLISH indicator imo.. it's another set of INSIDERS BUYING and not selling💎🙌 + +[GME](https://preview.redd.it/b16vu61qsbz91.png?width=643&format=png&auto=webp&s=7fa4b38b10c575cad20bec6c8fa6e6d7bdfa3d56) + +^(additionally, there's only one stock whose shareholders aren't suing them) + +&#x200B; + +edit to add: this has nothing to do with other subreddits and everything to do with JUST THE STOCKS + +&#x200B; +My employer was recently acquired by a larger company. Our 401k was with Milliman and now it is at another investments company. We were told to move our funds over to the new company but Milliman told us there is a $75 "processing fee." I asked our new director of HR if the company is covering this fee since it's not our fault we have to move our money. He said that the company "unfortunately" doesn't cover it. + +Is this legal? I'm sorry if this isn't the right subreddit. If it's not, please advise me where to go and I'll post there. Thank you for the help! + +Edit: One form says $75 processing fee and another says $40 processing fee. So $115 total. + +Edit 2: Thank you very much for all the helpful comments! Sounds like the fees are just a part of it so I'll need to deal. I'll be contacting all parties to clarify what I should have done to avoid withdrawal penalties. I don't intend to use the money, I just want to move it to the acquiring company's 401k plan. +I think it’s probably the fact I’m stuck inside watching American flip shows tv.. but I really don’t think that it’s possible in Australia. +The biggest component wound have to be tax. + +Would love to hear if anyone has any experience in renovating houses for a profit. +I had only just started full time work out of post-grad studies in 2005 in an industry not directly impacted by the GFC. It was something witnessed from a distance with no real direct cost on my personal finances. For those that felt the crunch during the GFC, I was wondering if this market crash feels different? Certainly the impact this time around has had a much more direct hit both socially and financially. I'm just curious on anyone's insights as to whether this feels different - there's a lot of doom and gloom out there to get caught up in for someone with a by-and-hold strategy with $$ in the game. +Seriously. Next time you gay bears are thinking about selling your puts do me a favor and head on over to r/coronavirus. Any notion you had that "Hmmm maybe this will all blow over" will immediately be smacked out of your head. + + +That shit should be mandatory reading before you're allowed to sell puts. Your broker should be like "read this first you toilet paper hands bitch". + + +That is all. +I've been thinking about trying a new account with good management features, i specifically like the roundup feature and being able to separate my direct debits from my wages so the balance shown is actually what i have available. My main worry is i've seen quite a few reviews for Starling and Monzo of random account closures, accounts being frozen and bank transfers in and out being held up for hours as apparently each transfer is manually checked. I make and receive quite a few bank transfers every month, my daughters pocket money, when she goes to the shop for me, rent, council tax. It's easier as i don't get paid on the same date each month. I'm worried they'll flag each one, possibly close my account and according to some reviews all without warning. The only issue with Chase (that i've seen) is that they currently don't offer direct debits. Has anyone that makes and receives a decent amount of bank transfers come across this with either Starling or Monzo? + +&#x200B; + +So many helpful comments, i opened a chase account for the cash back and am waiting for starling to respond to my account application. Apprently they're very busy right now. Thank you all. +Yes, I read the cars posts in the history. But I also see that the names of the posters have largely changed. So I am curious what the high income or maybe better said "wealthy folks" cars of choice currently are. +Lent money to a relative earlier this year. Tens of thousands, a large part of my savings. He promised he would pay me back in a few weeks. He has a large property portfolio so I was sure he would pay me back. I just seemed the wrong to turn him down. Since then I have heard every excuse under the sun and it seems he isn't going to give me the money back, despite having money /assets. It seems rather than risk his own money he has borrowed from lots of people to invest in a risky business venture and has decided not to repay people. He has borrowed from family and friends, and has happily screwed them over. Never ever lend money. It will end badly. Here ends thy lesson +It’s absolutely everywhere and seems to be widespread amongst a lot of people my age (24). With people not really knowing the sort of repercussions it can have on your future for forgetting or not paying. It’s extremely easy to access and gets forced down my throat at the checkout at most online retailers. This is definitely the next ‘wonga’ and I’d really be surprised if it wasn’t. +Just wanted to hear from people about investing in ETFs for better overall returns on a consistent basis. +For those who are able to pick individual stocks and have been successful in their pickings, what has been your overall rate of return year over year? +Most investment manager reports I read, they average around 8-12%. This could be my own selection bias and if there are managers reading this who have consistently made more returns, my apologies in advance. +I understand this approach may not work for investors who have certain screening criteria but for an average person, like me, who doesn't have all the research available at disposal and even if they do, they don't have anyone vetting it, wouldn't it be better for them to put their money into large ETFs (let's say SPY, QQQ, DIA) than individual stocks? +If all of these ETFs have given the same level of returns, why would investment managers try to find hidden gems (for more risk) when their returns, on average, are not going to exceed these large ETFs representing broad markets anyway? +I totally get it if people like doing research and understand the risk and want to yolo funds but for the most part, those investors that are looking for consistent portfolio growth, wouldn't they be better served by putting their savings in these ETFs? +Looking for different opinions on REIT’s. The good, the bad, and the ugly. I currently own some units of a couple different REITs but it does not make up a very high percentage of my portfolio at the moment. I’m considering adding to my position to balance out my overall portfolio, and it seems like a decent time to enter the space, given the coming re-opening of Canada and the US. + +But I also see a lot of posts from people criticizing REITs and having a lot of losses in the space. If going in, I plan on buying and holding for long-term so I’m not overly concerned about short term volatility. + +Looking to have a balanced discussion of the pros and cons of REITs in the current market. +I just enrolled today but, unless I’m mistaken, wouldn’t I be better off holding that money in cash and reinvesting it when the share price of a certain security has gone down as opposed to having them just arbitrarily buy more at random for me? + +Maybe I don’t have all the information on exactly how it works; can someone give me some insight here? + +Edit: I should clarify: “Arbitrarily buy more at random” means buying on the date the dividend is issued, possibly when that particular security has been riding ATH’s for a while so, there’s potential for it to go down from there, in the short term, due to profit taking/fear/whatever. +I'm personally quite fond of Brookfield Infrastructure Partners (BIP). They have a long track record of making great acquisitions on distressed assets, revamping them, and selling them at a premium down the road. The nature of their business is very much like a utility so they generate stable cash flows, and they have global operations. + +They've been growing their dividend consistently for the past decade, and they are on track to continue growing well into the future. + +What are your favorite dividend growth stocks? +No judgement here on anyone who is investing in oil or Suncor or through Blackrock, but I was surprised to see Suncor among the holdings within XEN as an ETF when I was exploring social and environmental investing options. Can anyone clarify? + +Please, again, not a judgement. Just curious. + +Edit: thanks for your replies, everyone. This has been... elucidating. +It was just after the bull run of 2017 that ETH was last worth this much bitcoin. + +The lowest point ETH got to during the bear market was 0.016 BTC. + +To overtake BTC in market cap ETH would need to reach a BTC price of 0.1616. + +Current ETH dominance is 15.1%. + +To reach a $1 trillion market cap ETH would need to be worth $8,700. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>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! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>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! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Hello everyone, + +When I was 16, 4 years ago, I had a medical procedure completed. Obviously since I was 16, I didn’t have any credit nor did I even have a debit account. + +Well, 3 months ago, I noticed my credit dropped from 735 to 676, I noticed I had a collection from transunion. Upon further investigation it was from a medical bill from that surgery as a minor. My mother called the hospital and they didn’t know anything, but she eventually found that it wasn’t paid off and it was the hospitals fault. So she went on to pay it in full. + +I disputed it and claimed that it was not my responsibility and I was a minor and it was not our fault, the hospitals billing department messed up. 3 months later and I’ve still heard nothing. My credit report says that it’ll be removed in 2024 even though it’s paid in full. + +What else can I do to get this removed off of my credit history ASAP. I don’t believe that this should affect my credit at all. + +Thank you! + +PS: Not understanding the downvotes, but okay. +Just thought I'd give a quick write up of opening two regular saver accounts. Virgin Regular saver (3%, £250 a month) and Lloyds (2.5%, £400 a month) + +**Virgin Money** + +Starts with a phone call to the branch. You have to book an appointment, it can't be done online or over the phone. Appointment booked, in a weeks time. + +1) Go down to the branch during my lunchtime. + +Smiley person 1 on the front desk invites me to sit down and wait for the appointment. 10 minute wait before smiley person number 2 invites me to an office (1 hand shake). + +2) The office + +30 minutes in the office with very smiley person, talking about the opportunities that a regular saver account can give me. Personal identification info I had to bring is carefully scrutinized. Documents are printed out, leaflets provided. Invited to wait upstairs in the queue to have my passbook printed. + +3) Smile person 2 waits with me upstairs for 5 minutes, and does a warm handover to smiley person number 3 (another handshake provided), who provides and prints a passbook, using some technology designed in 1984. I'm instructed to now return to reception to receive my membership card which allows me access to the branch free tea & coffee facilities. + +4) Smiley person number 4 at reception gives me an ipad to fill out my address details to sign me up for the membership card. 5 minutes to do that, and then smiley person number 1 produces a card for me, and takes my photo graph. + +5) Job done. Paper work provided. https://i.imgur.com/o2kaUfC.jpg Total time at branch ~1 hour. No internet access to the account possible. + + +**Lloyds Regular Saver** + +Log into online account, click on regular saver, click apply, finished. ~5 minutes + + +If anyone can explain the differences, I'm keen to hear it. I think I might now have a slight phobia about entering any building colored red. +What few tips/events significantly changed either your perspective on money management or the way you handle your money? Looking for things that you read/did/learnt about and then when you did them you have never looked back + +Bonus points for ones that are a bit whacky/surprising + +I'll start: + +1. Barefoot Investor - money buckets - [link](https://medium.com/@yousseftd/managing-my-money-barefoot-investor-style-d629b3bc0b01) +2. Shopping at Lidl +3. Selling first item on ebay +Hello! For perspective, I’m a math person and know nothing about economics. Narrowing down from the broad question of how math is used in economics, do economics people really use math beyond ODEs/PDEs and linear algebra? Or is that all that is normally useful? + +Is there there a ‘mathematical economics’ which uses advanced math? + +I’m trying to get a feel for how mathy economics is. +A common topic on reddit economic discussions is that inequality has been increasing over the past few decades, and my reaction to this is "so what"? Shouldn't we care how absolute incomes has been trending rather than relative incomes? Is it really preferable for me to get a $1 raise while my CEO gets $2 raise rather than get get a $1.50 raise while my CEO gets a $2000 raise? Is there any reason to prefer the first situation rather than the second? +How do you sell yourself to prospective employers? What valuable skills do you learn as an economist that others don't? Why would getting an econ degree warrant a 100k education? What career paths are available? +Potential ideological conflicts of interest: I'm a Libertarian-Socialist Transhumanist. [We are the Borg.] + +>Technological unemployment is the loss of jobs caused by technological change. Such change typically includes the introduction of labour-saving "mechanical-muscle" machines or more efficient "mechanical-mind" processes (automation). + +This is my thought process when I think about this issue. + +1. People aren't fungible. We're both good and bad at different specific things. (Not everyone can be or take the time required to become an engineer or a coder.) +2. More tech used for labor increases the education and experience required to do most jobs and reduces the experience and needed ability to do most higher paying jobs. +3. Income and employability is reduced for most people and slashed for people at the bottom. +4. Rent seeking in the form of restrictive job licensing, housing regulations that cause reduced mobility (think of all those disabled people in Appalachia), "intellectual property" monopoly extinctions, and regulations and taxes on employment keep people unemployed who could be working. Other complicated social factors like not being able to leave one's family town, work place discrimination, credentialism and degree creep, cultural aversion to nonphysical labor and service work, or having a mortgage will increase this. + +Now, I'm not a trained economist at all. So I need you guys to tell me where I'm wrong here. I get the meaning behind the "lol that's just luddism" argument (the Luddites didn't actually believe that but w/e). But the actual changes between what's happening now and the first industrial revolution are materially different. We now have to deal with the automation of route physical labor, route mental labor, and complex mental labor. Anything that can be broken down to an algorithm that isn't np hard is up for game. + +Example: Lawyers +The advent of e-discovery, the corrupt and greedy business practices of law schools, and the lack of alternative entry possibilities in most states have ruined the career prospects for lawyers who don't go to a top tier school. Getting 150k dollars in debt only works when you're almost guaranteed a job. +TL;DR: Is there any research into the economics of suicide? + +In another depressive episode I started think about something interesting. If one ended their life, society would lose their potential labor value. But also what about the costs that must be barred to pay for counseling, medication, public resources used in case one attempts suicide, etc? + +Ignoring the 'moral' implications of suicide (including suffering of family, friends), is there an economic justification to suicide? I could see this as a support of terminal patients who wish to end their life (just end it without having to spend extra resources on keeping someone that'll parish soon). Is there any research on this sort of discussion? +I would think that there would have to be significant market failures or positive externalities in an industry in order to justify government regulation/funding to the extent to which most people believe should be applied to schools. What are the arguments for and against government intervention in the school industry? +Hi, + +I was arguing with someone that Internet is not a Luxury good. I would even consider it a necessary good by Economic definition. We really could not convince each other based on the "more/less than proportional" context and I was not able to find anything good on Google. + +I'd like to hear the what pros have to say. + + +I apologize if this is too general of a question. But out of curiosity, what is the most common approach here? Does it lean towards capitalism or a more social economy? I want to learn more about economics and see how to improve in that matter. +I'd like to know if there is a specific word for the opposite of subsidy. For example, when governments charge high taxes to cigarettes in order to discourage consumption. + +Thank you. +I've recently picked up *Identity Economics* by Akerlof and Kranton. The book turned out to be a decent read, though not technical enough imo. Now that I'm done with it, I wonder if there is any ongoing work into how identities influence economic decisions and outcomes. Has 'identity economics' gained more traction in academia since 2010 or its assumptions and conclusions still considered too trivial? What can you say about this emerging(or disappearing) subfield in general? +For example what is the empirical content/importance of mb=mc? Is it primarily the insight that agents are maximizing some objective/rationality? Or is there something even deeper than that? +Are there any similarities between the [Smoot–Hawley Tariff Act](https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act) and the current trade wars? Are we just repeating the same mistakes or is there some reason that this time a protectionist trade policy is warranted and will actually benefit the US economy? +I'm posed with the task of teaching a group of friends the basics of economics; however, I know that it's naturally a topic that's relatively dry to most people. (I love it and majored in it in college) + +So, I'm trying to think of valuable things to focus on that will get my friends *hooked on economics*. + +What is it about economics that makes it worth spending time/money on? Now, I know a long answer to that, but I'm having trouble getting it to an elevator pitch (1-2minutes) so that I can capture my friends' attentions at the beginning. +Hi there + +After asking a question on Thatcher the other day and unfortunately not receiving any answers, I had a look at this sub's back-catalogue on her and found it quite sparse. Therefore, I decided it might be a good start to get some good resources down in one place for future users to learn about Thatcher and/or Reagan. Not that they're interchangeable; it's just that I'm interested in both, and I think others will be too. + +So if anyone's got any recommendations of books, articles, studies, podcasts, videos, or Hieroglyphic engravings on the economic policies of either half of the dynamic duo, please do put them here. I'm eager to learn and I'm sure future Redditors delving into this sub's back-catalogue will be grateful too. +As a far leftist myself I've heard many a person decry Marxism on the grounds of human nature etc etc. However I've yet to hear a really good criticism of Marx's critique of capitalist economy that wasn't either A. Completely irrelevant to Marx's writings or B. A complete misunderstanding of Marx's writings itself. So what are some good critiques of Marx founded in his and Engels works? And furthermore what are some critiques of the systems farther developed by other leftist thinkers (Ie. Lenin, Luxemburg, Pannenkoek, Trotsky,and the various thinkers of Market socialism)? Thank you for your input :^) +How could this be solved? + +Edit: I came across an article which says that billionaires are into philanthropy where they make the most influence. + + + + +Zuckerberg has invested millions for training people to make softwares. + + + + +Melinda and Bill have been putting efforts to vaccinate people as well eliminate diseases in other ways + + + + + + +MacKenzie Scott has been making donations to different organizations. + + + + +What's an effective way of philanthropy that can reduce the number of people being below poverty line? +I'm reading *The Undoing Project*, Michael Lewis' account of Kahneman and Tversky's working relationship, and I keep crossing quotes like the following (after Richard Thaler compared salaries vs. life expectancy by industry, fit a model, and interpreted the intercept of $1.4 million as "in theory, what you'd need to pay someone to accept a 100% chance of being killed on the job"): + +> Later, he'd think of his methods as a little silly. ("Do we really think people make this decision rationally?") But older, more successful economists were happy to assume that, say, America's coal miners made some inner calculation of the value of their lives, and charged accordingly. + +Or this, from later in the same chapter: + +> Thaler began to keep a list. On the list were a lot of irrational things people do that economists claim that they don't do, because economists presume that people are rational. + +I know Lewis is telling a story about iconoclasts breaking through economic orthodoxy ... so the "economists" of these quotes sound suspiciously like Straw Professors sourced from urban legends for contrast and ridicule. + +Or maybe old-school economists really *did* think that way, and I've just never seen their work because I'm learning econ from the internet in a post-K&T world. + +Which is it? Is there any published research about attitudes inside the economics profession from decades ago? + +I'm currently doing quite well in intermediate micro & macro. However, I know we are learning extremely simplified models that don’t always apply to the real world. One of the reasons I originally was interested in econ was that I wanted to be informed enough to form my own opinions on issues in the news. Despite this, I’ve realized that I simply just do not know enough to have an opinion on anything without giving the dogmatic textbook answer. + +For example, in high school I used to think increasing the minimum wage was good, because I was a broke kid getting paid minimum wage and wanted more money. Then, after learning how price floors work in 101, I decided that increasing the minimum wage was bad. A few months later, I heard the argument that empirical studies show increases in minimum wage with no real effects on unemployment. So, I searched and searched until I found a good paper on this specific topic, and it mentioned that the effects would not be uniform across an entire location. Poorer areas would have a lower equilibrium wage, which is more likely to be affected by a minimum wage increase. Most of those particular studies on wage increase had been focused on cities that already had a high equilibrium wage, which explains why they weren’t affected. The paper suggested that minimum wage be set at half of the local median wage. Keeping this in mind, I concluded that we should either base a country’s minimum wage on its poorest town’s median wage (seems Pareto optimal) or give every municipality the ability to set their own minimum wage (which could easily go wrong). + +It’s been really difficult for me to figure out what I support, and I still feel shaky on my minimum wage stance despite extensive reading. + +A couple other economic views I have started to lean toward but haven’t made up my mind on (but would like to) are: socialism is doomed to fail; government should be as laissez-faire as possible except if there are negative externalities, in which case they should do as much as possible to minimize them; companies have no ethical/moral obligation to be altruistic, but they should follow the law – I’m not outraged if a pharmaceutical company charges patients high prices for drugs, the government should set a ceiling on the price, then subsidize it. + +So anyway, does anyone have a couple good suggestions on books I should read to relate theory to the real world? Preferably something with a neutral slant that discusses the leading views on important contemporary economic issues. + +Hello. the UK announced Tax cuts. I saw the fine print. can someone who knows about the UK or is from there explain the lingo here? in a way that american taxpayers can digest?? this is straight from [www.gov.uk](https://www.gov.uk): + +&#x200B; + + + +* The government has announced that the planned 1ppt cut to the Basic Rate is to be brought forward by 12 months to next April. +* To allow people to keep more of their money, the Basic Rate of Income Tax will now be cut from 20% to 19% from April 2023, rather than from April 2024. +* To incentivise enterprise and hard-work and simplify the tax system, the government has also abolished the Additional Rate of Income Tax. +* From April 2023, there will be a single higher rate of Income Tax of 40 per cent, rather than an additional 45% on annual income above £150,000. +I have a question about Arrow's impossibility theorem. I'm not sure I understand exactly what is meant by the "no dictator" criterion. Does the presence of a "dictator" mean that across all possible combinations of individual preference orderings for N individuals, the same person's preferences will always match the group preference ordering exactly? Or does it simply mean that across all possible combinations of individual preference orderings for N individuals, there will be *some* individual for each one of those combinations whose preferences match the group preferences exactly, but that individual doesn't necessarily have to be the same for each combination? + +If the former, I can clearly construct a counter-example that (I think) satisfies the other two criteria (unanimity and independence of irrelevant alternatives). For example: + +**Combination 1:** + +Person 1: A > B > C + +Person 2: B > A > C + +Person 3: C > A > B + +Group preference: A > B > C + +**Combination 2:** + +Person 1: A > B > C + +Person 2: B > A > C + +Person 3: B > A > C + +Group preference: B > A > C + +In this example, Person 1 is the "dictator" in combination 1, but not in combination 2. Therefore, by the first definition above of "dictator" there is no dictator in this system (I'm also assuming I haven't violated the other two criteria: someone please point out if I have). If we're going by the second definition of "dictator" above, sure, this system has a "dictator" under each combination, but this doesn't seem like an appropriate definition to me. If the ballot changed with new issues to rank (e.g. A\*, B\*, and C\*) these "dictators" might not hold sway anymore, so are they really "dictators" in the sense we normally think? Or is it just happenstance that their preferences happened to align with the group preferences one time? Obviously, there's something about the theorem that I'm not understanding, so if someone could please clarify that for me I'd be very appreciative. Thanks! + + +I have to use R/R studio for my macroeconomics class, and I’m awful with this type of software. I was hoping this would be the place to ask this sort of question, since my economics professor stresses the importance of R in this field of study. +What are the problems with a flat tax rate that dissuade some people from supporting it? +Note: I have a very limited understanding of the economics of a large scale country and would like to know more. + + +## Call for /r/Economics Moderators + +Our end of the year survey, comments in BE discussion threads, as well as comments in the subreddit itself have indicated that users want a more aggressive moderating style. However, our current modteam is too small to cover the thousands of comments we get every week. + +More consistent enforcement of Rule II (for deleting off-topic threads) and Rule VI (for off-topic comments, anecdotes, political comments, etc.) will increase the quality of /r/economics discussion. New mods can help fill this gap. + +## What do moderators do? + +* Ruthlessly enforce our rules. Remove off-topic posts. Nuke comment threads. Ban Nazis. + +* Answer questions in modmail and (occasionally) interact with media/researchers. + +* Coordinate with the /r/badeconomics and /r/askeconomics mods. + +* Some cool projects to make the subreddit a better place. We would like to keep expanding the FAQ. And we're interested in any ideas that new moderators (or community members in general!) bring to the table. + +## What are we looking for? + +1. Interest in economics and evidence of a decent knowledge in the subject. We're not looking for subject matter experts, just a passion for the subject, and an ability to distinguish links that are good for /r/economics from those that really should be in /r/politics, /r/investing, or /r/business. + +2. History of well-written comments and consistent engagement in any of the REN subs (/r/economics, /r/askeconomics, /r/badeconomics, as well as a mature behavior on Reddit as a whole. In the past the number one reason we have rejected candidates is they have very little history in any of the economics subs. + +3. Ample time to devote to moderating. At a minimum we are looking for users who could, on a typical week, check the subreddit/modqueue 1-2 times a day, 5 days a week. + +----- + +## Please leave a comment in this thread if you are interested! + +Please write a few sentences about your background, time spent on Reddit and anything else which may help us evaluate your fit. Including links to a few high quality comments would also be useful. +Off-hand, it seems like economic harm would come primarily from a tariff war. If that doesn't happen (and it probably won't) are there other possible sources of serious economic harm? +Study: http://eprints.lse.ac.uk/107919/1/Hope_economic_consequences_of_major_tax_cuts_published.pdf + +Since I’m not an economist and I don’t know the minutiae of the techniques used in this study I would like to know how falsifiable is this. +Hey everyone! + +Recently, I've been wanting to learn more about economics. Even though I consider myself pretty left-wing, Milton Friedman has always been one economist that I've wanted to read (just to get a different perspective and such). Is this book particularly difficult? Would I have a lot of difficulty grasping its concepts? + +Thanks! +I know he isn’t very popular here from what I have seen and I’ve been linked to the Douglas Irwin critique of Kicking Away the Ladder but I have also heard that Bad Samaritans is a response to this and that he has been praised by Joseph Stiglitz. So, being very new to economics I want to know if reading his books is something worth my time. +What I'm trying to understand is the phrase, money gets more expensive. I'm not even sure what I don't understand. I get inflation, I think, and interest rates, but the sentence I read was "the price of money would be raised" in Locke's "Do Some Considerations...". Can you somewhat explain this like I'm 5? Thanks in advance. +I read this piece in the Washington Post: [https://www.washingtonpost.com/outlook/2020/04/08/were-short-hospital-beds-because-washington-let-too-many-hospitals-merge/](https://www.washingtonpost.com/outlook/2020/04/08/were-short-hospital-beds-because-washington-let-too-many-hospitals-merge/) + +This line stuck out to me: + +> A broader lesson from this moment is that public health is — as most other countries in the world believe — a public good + +The question is: Is public health a public good? If so, then what makes it non-excludable? If not, then why do people believe that it is a public good? +Here is his background: + +**Powell** was born in Washington, D.C. He received a bachelor's degree in politics from Princeton University in 1975 and earned a law degree from Georgetown University in 1979. While at Georgetown, he was editor-in-chief of the Georgetown Law Journal. +President Maduro announced he is boosting the minimum wage by 50% in an effort to tame the triple digit hyperinflation the country has been experiencing. Will this approach benefit the people? Also. What caused the hyperinflation in the first place and should Maduro contract the money supply? How could he if he chose to? + +I am a layman in economic theory so the simpler the explanation the better. Thanks. +This recent paper from Isikara and Mokre claims to establish an empirical case for LTV. One graph in particular establishes an inverse relationship between capital intensity and profitability, or at least that’s how I interpret the Marxist jargon. What does this sub think of it? + + + +[Study](https://doi.org/10.1080/09538259.2021.1904648) +[Graph + Thread explaining the methodology](https://twitter.com/patrickmokre/status/1386973672230035463?s=21) +I'm currently running a D&D game and I really want to rework the wages in the book, because they don't seem to line up with the prices \(unless I assume the land is a hellscape, and the players are taking advantage of truly desperate people\). An untrained hireling who agrees to work for the PCs \(meaning he's likely agreeing to go along with them and risk life and limb on a dangerous adventure\) gets paid 1 silver piece per day, which is the cost of a single poor\-quality meal \(a trained hireling gets paid 3 silver pieces per day\). + + +What would be a good way to set reasonable wages for an economically prosperous fantasy land, weighing the wages against prices? +GDP nominal per capita: + + +Paraguay 5,899 + +Albania 5,289 + +Laos 2,720 + +Egypt 2,573 + +Vietnam 2,551 + + + +GDP PPP per capita: + +Paraguay 13,395 + +Egypt 13,366 + +Albania 13,345 + +Laos 7,925 + +Vietnam 7,510 + + + +How does Egypt jump all the way up to some countries with more than double its nominal GDP per capita? Vietnam has a similar population as Egypt but doesn't jump nearly as much +I don't have a background in economics and I don't want to have to make up why this is wrong off the top of my head. The argument has gone: + +Him: +>Re: economic incentives and "science" - economics is not a science. Economics research does not obey the scientific method and is based around a set of assumptions which, in many cases, are not falsifiable. + +>It could be more correct to say "current research" but this ignores the extreme ideological bias of most current economic research. + +Me: +>You're thinking of the method of the natural sciences. Economics is a social science that has been through its Newtownian (mathematical) revolution, while most, so the passage goes, are still looking for their Darwin or Pasteur. + +>Which assumptions are not falsifiable, by the way? + +>Ideological bias is a gross misrepresentation. Any scientific model could be described as ideological given its relative simplicity compared to reality, but if we didn't have models we couldn't test hypotheses and theories. The point of a scientific model is not to be True but to be verisimilitudinous. To be as accurate as is possible. This can't be done without simplified models. I understand that you may be uncomfortable with the crudity of economic models compared to the models of the natural sciences, but that is simply because economics is a much cruder science than the natural sciences. That doesn't, however, mean that it is not the best understanding we have of this area by far. + +Him: +>"Which assumptions are not falsifiable, by the way?" + +>Throw a dart, in economics - rational actors, maximising utility, competition, perfect knowledge, etc. For goodness sake, there is an entire branch of economic "science" that rejects any of its assertions being falsified by data. + +>Economics is inherently ideological, which is why it has schools based on the frame used to analyse data - be that orthodox, neoliberal, Marxian, any of the various orthodox subgroups like ecological economics etc. It's based around a set of assumptions which are at their core value statements. Even a statement as simple as "humans work to maximise individual utility" is an ideological statement that dips into assumptions regarding human nature which are hardly established. + +>When you say the economics of business incentives are "the best understanding we have" - which school of economics are you referring to? What are the assumptions their researchers have used to produce this research? There is no one consensus answer in economics on any given question, and to act like their is is an ideological position. + +>I'm not uncomfortable with "the crudity of economic models" I'm not comfortable with the idea of our policy being based on the assumptions of a single school of economic thought and presented as "science." + +Any assistance here would be appreciated. This isn't a random internet argument, by the way. There is a lot hinging on this belligerent not appearing to be correct to anyone. +I say textbook because the popular ones are too much filler, if you read the reviews of Thaler's books, and others, they say the content can be trimmed down quite a lot. I already own "fast and slow", which could be summarized in 1/5th size. + +https://www.reddit.com/r/Economics/wiki/reading + +It lists popular books which are too much filler, what are actual textbooks used for example? Price is not an issue (pirating). + +Thanks! + +edit: found this but its 1700 pages so idk + +https://www.amazon.com/Foundations-Behavioral-Economic-Analysis/dp/0198715536/ref=sr_1_3?s=books&ie=UTF8&qid=1508772424&sr=1-3 + +190 pages so idk if it covers anything at a decent level + +https://www.amazon.com/Advanced-Introduction-Behavioral-Economics-Introductions/dp/1784719935/ref=sr_1_21?s=books&ie=UTF8&qid=1508772485&sr=1-21&refinements=p_28%3Abehavioral+economics%2Cp_45%3A1%2Cp_46%3AAfter%2Cp_47%3A2016 + + +Reading on the schools of thought and some say that government intervention shld only be needed to fix a distortion. Intervention should then be reduced/stopped once 'equilibrium' is reached. + +Question is, how do governments know when an equilibrium is reached? What are the factors they should look at? Also, is this equilibrium goal realistic at present times? Can the government ever stop their intervention? +Hello, + +I have trouble understanding the figure shown on page 26 of the Heritage Foundation's report from 2022. I have linked the figure [here](https://ibb.co/jrd9rNb) and the book [here](https://www.heritage.org/index/pdf/2022/book/2022_IndexOfEconomicFreedom_FINAL.pdf). So I am wondering if the numbers on the right of the bars represent the growth of per capita GDP or the growth of economic freedom and why they state that the growth rates are significant higher. I mean 2,4 and 2,1 are not that different. + +Kind regards +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. + +I'm an engineering undergrad- mostly got a tech focus but I'm interested in industry as well. + +I like picking up skills and knowledge, and I think a working understanding of finance wouldn't hurt. + +Can someone point out something a little structured that I could read in my spare time to teach myself basic finance? + +I was thinking of the CFA level 1 curriculum, but that may not be enough of an education in some fields, or too much in others. + +Perhaps a list of topics I should definitely check out? + +I'm a generally hard worker so the intensity of the course isn't a big issue. Haha, all so that I can finally make sense of the business section of the newspaper. +### UNITED STATES + +* **Futures** are up this morning following a call between the Chinese Vice Premier and the U.S. Treasury Secretary  +* **Job** **openings** are near record highs, passing seven million openings   + * *Manufacturing*, *Hotel*, & *Restaurant* workers are all in high demand +* **Small** **Business** **Sentiment** [continues to improve ](https://news.gallup.com/poll/245156/small-business-owners-optimism-reaches-new-heights.aspx) +* A congressional committee will grill **Google’s** CEO Sundar Pichai  +* The decline of shopping malls has been a boon to **dollar** **stores** + * Stores targeting middle-income Americans have been losing customers and dollar stores have been picking them up + * Dollar General and Dollar Tree are adding 1,000 stores a year and a recession could see further growth for them  + +### OTHER + +* Theresa May postponed the **Brexit** vote after being advised she would lose significantly  + * Also, [**this moment**](https://youtu.be/UQiYm9DPnyY) highlighted the absurdity of the whole thing and brought me joy  +* **Emmanuel** **Macron** promised to raise the minimum wage in an effort to appease the **yellow** **vest** **protesters** +* **Iran’s Revolutionary Guards** confirmed the test of a **ballistic missile** earlier this month +* A vote will be held today that could see the floatation of **Dell** on the public markets  +* The **Indian** **Rupee** crashed after the head of the central bank quit suddenly + * India faces a large deficit but India's Prime Minister wanted the central bank to ease monetary policy, basically to print money for him to spend during the election next year + +### CHINA + +* The worlds largest smartphone market has placed restrictions on the sale of **iPhones** + * a preliminary court ruling said **Apple** violated patents held by **Qualcomm** for photo manipulation and touchscreens + * imports of iPhones newer than the 6S will be halted unless Apple makes changes to the phones’ software +I remember March 2020 how holding cash was seen as the wise play, stagflation etc. + +Assets have soared and cash... highly devalued (YOY). + +Would love to know how you are doing and whether or not you are planning to continue holding. +The title really says it all. Usually I'm the one who got a few too many gifts or spent a little too much on them, and always found the *cool* gift. + +This year I'm splitting up already mediocre gifts that will be "thank-you,-next"ed and praying they don't think I love them less. + +Sorry for the downer, but I had to let it out somewhere +##Goal +During December I will donate 25 Bitcoin, 1 each day leading up to Christmas, to a cause suggested by r/Bitcoin. +It can be a charity, open source project, crowdfund or anything else. + +&nbsp; + +I am hoping that these daily posts and donations will encourage others in the community to give Bitcoin this Christmas. +Especially people who have benefited from the rise in price recently. +&nbsp; + +##Get involved +Submit a suggestion in the comments of a cause you would like to see donated to. Also post a link to their Bitcoin donation page (not address) if possible. +Even if your suggestion is not donated to by me this month hopefully it may be seen by others here who may choose to donate. + +&nbsp; + +Each day I'll pick a cause from the suggestions, likely the most upvoted one, and donate 1 Bitcoin to them. +I'll ignore any scams, begging, college fund requests etc. + +&nbsp; + +I will try to send donations as fast as possible but there may be times where I have to do more research or checks to verify the suggestions are legit. +&nbsp; + +If you wish to give but don't have the time to check Reddit for the rest of the month you can send Bitcoin to my address: +&nbsp; + +**34WbSyrtibUJiFbRa7ukLC8RGdFMnQRn4b** +&nbsp; + +I will divide the extra Bitcoin sent to that address by 25 and donate it to each of the chosen causes on the 25th or the 26th. + +##Proof of funds +Message: "Give Bitcoin this Christmas" +Address: 34WbSyrtibUJiFbRa7ukLC8RGdFMnQRn4b +Signature: I8vZgsyOb1CKbTjo/Mravp03yIFnC94GNTVYOkBbhIUPUajfKPg4nh8zj7dWu5qzev2nsAtByLwpHHDnVwyAxsI= + +Note that the address above doesn't contain 25 now due to sending donations so the funds moved to change addresses. +You need to verify it using Trezor. + +##Donations + +| Day | Cause | Proof of donation | +|:------|:------------|:------------| +| [1](https://www.reddit.com/r/Bitcoin/comments/7gpe1q/give_bitcoin_this_christmas_ill_start_with_25/)|[EFF](https://www.eff.org/)| [tx](https://blockchain.info/tx/bf4b8cdb8f11a347cede1eb121fa8fb4750d2827bd58cd69b2ddd4cdb07382cf) , [tx](https://blockchain.info/tx/bf51b214767b6d95dab4f0665cb9d3d7a332577a72f63b55f504fd895da885b8) ,[tx](https://blockchain.info/tx/3fbea4e956c296f311d08410b7ef06d3dd0d434187b2cc5877bf09610fd2f68d) , [tx](https://blockchain.info/tx/32f1e3ef6568148d2c2749965fa45d1444c5a8f8e9676df954ffd512b163004c) | +| [2](https://www.reddit.com/r/Bitcoin/comments/7h4cny/give_bitcoin_this_christmas_ill_start_with_25/)|[Khan Academy](https://www.khanacademy.org/)| awaiting deposit address | +| 3| [Give Directly](http://www.givedirectly.org)| [tx](https://blockchain.info/address/1KhQ2Vt43DeEp7mynDo3vwk3rKmC1agJya)| +&nbsp; + +Warning: Don't send to addresses I have without checking donation pages first. Some of those were temp wallets produced by their payment processor. + +Edit: Seeing the responses has made me realize this post was a major mistake as everyone is either too deadset on seeing things from a value investing perspective or genuinely believes these concepts to not be relevant to the future of humanity. We're gonna end up agreeing to disagree or the downvote mob will have me hung. So to clarify: + +* Warren Buffet - "If markets were rational I'd be a bum sitting in a corner with a tin cup" + +* No, I will not be investing in VT or any index fund for that matter. I'm prioritizing exposure to certain industries and don't need oil and gas companies to slow down my investment. If you want to go through every post and preach about mutual funds and dividend investing, go to /r/personalfinance and don't come back. I'm sure this growth bubble will burst any day now as investors change their minds and forfeit trillions of dollars of value add in favor of returning to fundamental principles. As much as I wish it would happen, it won't, and the sooner you come to terms with this the less time you'll spend getting confused by the market. + +* Yes, value investing is dead. Get over yourselves if you genuinely believe there is any attention being paid to equities for undervalued multiples. Everyone has done it and it no longer works. I do equity research for an equity fund and have spent too many hours looking for these discounted value stocks only to come up with dog shit (and by too many hours I mean well over 1500 hours across the span of 3 years using a Bloomberg Terminal). + +* Stop telling me about the risks. I understand that this is a high yield high risk portfolio and I'm willing to work with that. Not investing in VT doesn't make me an idiot. Whoever drilled it into your head that having 0% risk tolerance is the way to go about things has probably never seen a dollar in their life. The expense fees are all less than 1% but some of you are making it out to be half of my investment. + +* My portfolio is not 100% tech. Stop telling me to invest in QQQ. I'm seeking exposure to healthcare, finance, industrials and foreign markets as well, and I have gotten it. Telling me about a tech bubble doesn't scare me when its less than half of my portfolio. + +--- + +Hi all, + +The idea with this portfolio is that they are mostly actively managed and focus on goals rather then specific companies or industries. If, say, 3D modeling goes out of style in replacement of something more advanced, Ark Invest will adjust its products accordingly. Seeing how profitable each of these are it is incredibly unlikely they will be dissolved any time soon. With that in mind, these ETFs focus on many groundbreaking things that will inevitably become the cornerstones of our society by the time I retire in 2060. Currently, each of these products has outperformed the SPX thrice over with VCR having taken the lead at a 245% YTD return. CXSE takes last place with 43% return YTD but still outperforms SPX in the same time horizon. A key advantage is that this portfolio taps heavily into foreign markets and has holdings comprised of securities on the Honk Kong exchange and other foreign markets (Most notably Tencent). There is diversity found both geographically and financially. I am keeping each at a weighting between 8 and 12 percent as to not overindulge into one specific security. Given the massive share price of VCR it can be difficult at times as one share equates to 10% of my current portfolio. + + +Many of these ETFs are rebalanced quarterly and/or monthly by active managers. Vanguard's VCR fund is the only one that isn't actively managed but the inherent concept of its holdings keeps it on top. + +Some of these ETFs have overlapping securities dominating their Top 10 holdings. Given that they are primarily growth ETFs this is expected. The biggest overlaps include Tencent, Alibaba, MercadoLibre, Twitter and Tesla. + +--- + +* ARKG - ARK Genomic Revolution ETF is an actively-managed ETF that invests in companies across multiple sectors, including healthcare, information technology, materials, energy and consumer discretionary, that are relevant to genomics revolution. + +--- + +* VCR - Vanguard Consumer Discretionary ETF is an ETF that tracks the performance of the Morgan Stanley Capital International US Investable Market Consumer Discretionary Index. + +--- + +* KGRN - KraneShares MSCI China Environment Index ETF is an ETF that provides exposure to Chinese companies that focus on contributing to a more environmentally sustainable economy by making efficient use of scarce natural resources or by mitigating the impact of environmental degradation. + +--- + +* ONLN - ProShares Online Retail ETF is an ETF that tracks the ProShares Online Retail Index. It invests in companies that principally sell online or through other non-store sales channels, such as through mobile or app purchases, rather than through "brick and mortar" store locations. + +--- + +* EMQQ - The Emerging Markets Internet and Ecommerce ETF is an ETF that tracks the performance of the Emerging Markets Internet Index by targeting companies whose primary business is e-commerce or Internet-related activities that generate most of their revenues in emerging market countries. + +--- + +* PBD - Invesco Global Clean Energy ETF is an ETF that tracks the WilderHill New Energy Global Innovation Index which holds globally listed equity securities engaged in the business of the advancement of clean, renewable energy and conservation. The Fund uses a multi-factor screening approach & is rebalanced/reconstituted quarterly. + +--- + +* IPO - Renaissance IPO ETF is an ETF that provides investors with efficient exposure to a portfolio of newly public companies prior to their inclusion in core U.S. equity portfolios. The ETF tracks the rules-based Renaissance IPO Index designed by leading IPO research firm Renaissance Capital. + +--- + +* TAN - Invesco Solar ETF is an ETF that tracks the MAC Global Solar Energy Index which market cap weights securities in the solar energy industry including all solar technologies, the entire value chain (raw materials, manufacturing, installers, solar plant operations, financing), & related solar equipment such as power inverters/encapsulates. + +--- + +* ARKQ - ARK Autonomous Technology & Robotics ETF is an ETF comprised of companies relevant to the theme of industrial innovation. Companies are expected to focus on the development of new products and services, technological improvements, and advancements in scientific research related to multiple industries. + +--- + +* CXSE - WisdomTree China ex-State-Owned Enterprises Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to provide exposure to Chinese stocks where government ownership does not exceed 20% of outstanding shares. + +--- + +* GIGE - SoFi Gig Economy ETF is an exchange-traded fund incorporated in the USA. This ETF is an actively-managed exchange-traded fund that seeks to achieve its investment objective primarily by investing in a portfolio of companies listed around the world that Toroso Investments, LLC, the Fund's investment adviser, considers part of the "gig economy". +With Shitadel processing the majority of retail order flow in the U.S. they’ve got the insight into whether retail by and large decides to go long or go short on the steaming pile of excrement called Robbinghood, and the bad actors will do the opposite. + +I know everybody is getting sick of Robbinghood posts but I think this is one of their last plays and the result does have a profound effect on GME. + +The only way retail wins this particular battle is to avoid it completely, to not go long or short and leave that garbage pile to burn itself out. Otherwise the powers will take the other side of the trade and they’ll utterly crush retail. +Your smoke and mirror politics have been exposed over the last week. The “card trick” you just tried to play on cryptocurrency didn’t slip past the American people. In the name of improving infrastructure, you tried to slip dozens of non-relevant regulations into the bill in order to further your control and tyranny. One of which was a weak attempt to kill crypto, largely Bitcoin. + +As I type this message, we are pushing toward $46k/Bitcoin and have risen 7% in the last 12 hours after Chuck blocked senate voting on a critical amendment. You see, you cannot kill Bitcoin. You may slow down broader crypto industry growth on U.S. soil. But Bitcoin itself is at a point where it cannot be stopped. The more you try to block it, the stronger it will get. + +This “problem” that the Federal Reserve and Treasury now have on their hands was created in response to decades of mismanaged fiat currency, corrupt central banking, and Wall Street puppetry. And now the problem you created is fighting back. + +Even if this bill passes in it’s current language, what you will see over the next 1-2 years before it becomes law is millions of people buying MORE Bitcoin, storing their coins privately, and “holding on for dear life”. + +You can take our guns, you can take our freedoms, hell you can even imprison us or kill us. But Bitcoin is the one thing that you will never be able to take. + + +So i basically trade SPY call spreads and straddles with hedge in vxx using various closing and opening strategies. All of the closing and opening rules are specific and there’s no room for errors there. + +I use options table calculator to test the spreads that i make, taking the bid and ask. I also account for IV by taking the standard deviations and converting into percentages when there are differences in IV. + +I’ve been working on this strategy for about 4 months now, and i cannot think of anything that might be wrong other than the assumption that i will be able to close my SPY spreads at certain levels of losses (even if i give room for it to run more than my loss threshold by quite a bit, profits of more than 250% will persist) + +I’m about to go ahead and start using this strategy in my live account, but i don’t want to lose money because there’s something out there that i didn’t take into consideration. Any suggestions would be appreciated. +I don’t know if I’m doing it right, but I’m up a few percent every day by just reading the worst ideas on WSB and selling them call credit spreads. I am making more doing this in my free time at work than I am making at work. + +And if it’s not an awful idea, a short term put credit spreads. + +Am I doing it right? Is there a better strategy I’m missing? +So it appears I sold a few puts near the top of the market and last week and the underlying price quickly dropped to around my strike. I have a United Airlines put at $47 and a Sunrun at $45 for reference. They both expire about a month out. Would you typically wait to roll, take advantage of high volatility and roll now, or do nothing and take assignment. Would love to hear opinions. Thanks. +(And yes I’m comfortable being assigned long term shares in those companies but who doesn’t want to lower their cost basis if possible) +Long time lurker and first time poster here. Looks like I will be be assigned 1000 shares of SOFI and F each today. If the stock closes below my puts' strike price, am I 100% nailed on to get assigned? Also, I'm ok with keeping both these stocks but wanted to know what r/thetagang think about SOFI and F? Sell the stock or start selling CCs? My net cost will be $15.70 for SOFI and $14.05 for Ford. +If a trade moves in your favor very quickly after selling, let's say 25% profit within the first few days with like 40 DTE still, a lot of people will say to close the position and take the profits. I'm not completely sold on this (though i would agree on super volatile stocks that bounce up and down) + +My understanding of the argument is that since you got a disproportionally higher return based on how much time is left, it's better to exit the trade and allocate that buying power elsewhere. + +My disagreement is that it seems people are trying to time the market, ie: exit the trade so it can drop again and resell the option. Furthermore, if you get a great move in your favor and get good profits early, to me that's just saying you got in at a great time and isn't a reason to cut your trade/profits early. Sure, i get it if maybe you hit your standard 50% target in the first few days, but like if it's 20-30%, why end the trade early just because you had good timing getting in. Considering i never really use up all my buying power, I'm never in a position where i have to free up capital to use elsewhere. + +It seems to make sense to me that if you have a trade going on your favor, why cut it short? Or am i just dumb? Interested in hearing thoughts of others. +Finally I got IOS working. I would love feedback on the IOS version + +You can Log your trades on the app and track your option trades with cost basis + +In the Dashboard you have realized profit, win rate, win-loss ratio, average win/loss and a chart for your recent money making trades + +You have a different section for open positions and closed positions so you can close or delete trades easily + +You can also calculate your cost basis on Cash Secured Puts and Covered Calls + +There is also an option to lookup stock quotes with a chart and an options chain + +IOS Link: [https://apps.apple.com/us/app/id1528846930](https://apps.apple.com/us/app/id1528846930) + +Android Link: [https://play.google.com/store/apps/details?id=com.gmail.essentialadityapandey.wheelgang](https://play.google.com/store/apps/details?id=com.gmail.essentialadityapandey.wheelgang) +Hey Thetagang, + +I’ve been lurking and commenting here for about six months and just absorbing a lot of the content from good posts on strategies and things to watch. I had a major “OH SHIT” moment this morning and learned a lesson. So in the spirit of giving back I thought I’d share so others may not make the same oops I did. + + +Ran a PMCC on VALE, 1/20/23 $15c as the long call: opened in early April when VALE was around $18. Had gotten two or three short calls sold and taken profits on reducing the cost basis for the long call to $564. Strategy was aiming around 21 DTE and closing at 50% profits or with 7-10 DTE so long as it was green. + +Then VALE blew up from $18.31 to $22.03 at open today. I had a 6/4 $21.50c sold and the delta on the whole spread tanked to like 20. + +The lesson is I had gotten a bit thin (think close to 0) on buying power and didn’t have the reserves to close or roll the short position for the loss. Being worried about being blown out and hitting the delta exit point in my trade plan I closed the whole spread out. Still took a profit of 18% overall, but lost all that upside potential. + +Took two lessons from this: + +If a stock is on a tear up hold the long call naked and don’t risk the gains there to collect a little premium. Wait for it to cool off and then go back to selling. + +Hold enough BP to close the short call at the max loss of your plan. Seems straight forward and I had a plan for this play, but missed how it fit with the whole portfolio and over allocated myself. Won’t do that again. +So I finally switched from tasty to ibkr. + +- I primarily trade futures options. ibkr all-in commissions are $1.5 to $3 lower on each side of the trade i.e. $3-6$ savings on round trip! + +- they’re paying 3.8% interest on idle cash (0% at tasty). Majority of the time 70% of my BP is idle. + +- yes they charge for market data but commissions on a single trade will cover those easily. + +- their platforms are difficult to use. I’ve found the mobile app but easier to use for options but still takes getting used to. + +- so far my exp with their customer support is subpar. That’s the only thing I’m concerned with if/when I need them in future… + +I love the tasty intuitive platforms and customer service but the savings are too great to ignore. +My 138 and 137 strike puts I sold got assigned. I had collected $500 each as credit. + +Now I want advice on wheeling it. + +For the 138 puts that got assigned last week I sold a call at 131 strike for $750 exp 11/12. + +Now I have to determine what strike price and expiration I should sell the 137 puts I got assigned. + +Do you guys prefer a short expiration really close to ITM because I don't care if the shares get called away? + +I could do 136 strike exp 10/29 for est $450 credit. + + +Or I could do 143 strike exp 11/26 for est $500 credit. + + + +What do you think? +I've been depositing 1k each month to my Wealthsimple Invest account for over a year now and want to move on to DIY. My new plan is to start putting all my new money into XEQT with Wealthsimple Trade and leaving the 20k I have with Wealthsimple Invest for now. + +&#x200B; + +However, I want to know if there's anything I should know before doing this. I get that I'll have to be doing the work such as buying the ETF, I'll have to do my own rebalancing, I'll have to keep track of my 2 TFSA accounts, I get all that. But is there anything I'm missing before I pull the trigger? Anything I should keep track of (TFSA/RRSP/personal)? I've heard of people using AdjustedCostBase, which I've never had to use with Wealthsimple Invest. I haven't found much talk about the move from robo to DIY investing, so I want to know what I'm getting into. Am I overthinking this? +I'm seeing utilities falling like crazy. Emera, Fortis, and especially AQN. Is this all based on interest rate rises or is there another catalyst, especially for AQN? + +Just wondering if we're getting a great opportunity to buy these low or if there is something else to worry about. +i just started to invest on my TFSA account ($1000). right now my focus to invest in the eft. +my portfolio is +XEQT-40% +ZSP- 30% +TEC-15% +ZCLN -15% + +any thoughts/advice on my portfolio. +thank you. +Taking some losses with the dip (as expected) but was wondering when you guys think a decent time to buy would be. personally imo it'll keep trending downwards for at least a few weeks. +By smart I mean that there has been a team/face behind it, some technologies revealed and projects in the making which would make the coin look like something real. But then something has happened and all the people got scammed out of their money. + + +Squid token for example wouldn't be a really good and thought out scam , people that invested were just clearly uninformed or caught the notion and tried to time the market for quick money. + +&#x200B; + +I am relatively new to crypto and have probably missed it so I was interested in learning about it and not making the mistake as other people before me. +https://www.cnbc.com/2022/01/04/ford-plans-to-nearly-double-production-of-its-new-all-electric-f-150-lightning-pickup.html + +Ford on Tuesday said it plans to nearly double annual production capacity of its upcoming electric F-150 pickup to 150,000 vehicles per year at a plant in Michigan. + +The company cited strong consumer demand for the pickup as the main reason for the plans to increase production. + +Ford’s production plans come ahead of the automaker beginning to take actual orders for the vehicle on Thursday. + +Ford is slowly catching up on the EV production and becoming a major EV producer. The PE is currently only 32 and it is much more reasonable compared to other EV producer. Investors should keep holding F as ford should have another amazing 2022. +**Join the Telegram and ask the devs any questions you have:** [**https://t.me/TacoCatCrew**](https://t.me/TacoCatCrew) + +&#x200B; + +**🐱 Twitter:** [**https://twitter.com/TacoCatCrew**](https://twitter.com/TacoCatCrew) + +&#x200B; + +**🌮 Website:** [**TacoCat.life**](https://TacoCat.life) + +&#x200B; + +**🐱 Discord:** [**https://discord.gg/KBMbkAcz**](https://discord.gg/KBMbkAcz) + +&#x200B; + +🌮 **Subreddit:** [**https://www.reddit.com/r/tacocatcrew/**](https://www.reddit.com/r/tacocatcrew/) + +&#x200B; + +\*WE HAVE BREACHED 10,000 HOLDERS\* 🌮 🌮 🌮 + +&#x200B; + +What's in store for this coin will shake the entire Binance Smart Chain as we know it. 🚀 Currently sitting at around $19mil market cap, is a great entry for anyone who hasn't managed to buy in yet. Lower dips probably won't come, thanks to the absolute unit that is the liquidity and the community which are absolutely insane and eat each dip in minutes! 🌮 + +&#x200B; + +The marketing coming for this coin is unlike anything ever seen before. We have mentions of investors from the stock market side of things coming in with big money, with the owner of TacoCat having connections to these people who run Stocktwits groups with over 250,000 members! 🚀 Huge influencers across all sides of media from socials to music and art are planned to endorse the coin, but not just as a paid marketing stunt. These people will become real, long term investors in our project. All of the details are still being ironed out, as everything needs to be tied together (remember the coin is barely 4 days old). 🐱 + +&#x200B; + +We are talking about a "Doge level global marketing campaign" as said by the owner himself. Every single sector of mainstream society is going to see and hear about TacoCat. This is the plan, and instead of spreading fear or complaining about vague details, you best hop in now while it's still on the down low, because when news start dropping left, right and center, it's going to be too late! 🌮 🚀 + +&#x200B; + +Why choose TacoCat? --> TacoCat's unique Taconomics make it a gem in a sea of coins which topple because of liquidity issues. Like a cat's 9 lives, TacoCat charges 9% transaction fee, of which 8% goes straight to liquidity, and 1% becomes distributed to all holders. At the time of writing this, TacoCat has STUNNING $3.6mil liquidity. After four days. There is no coin which has ashieved this. 🌮 🌮 + +&#x200B; + +**Good liquidity is crucial for a coin to succeed in the long run, as when whales decide to cash out along the way, there will be enough liquidity for them to do so safely without crashing the price and sending everybody into panic! With the liquidity increasing day by day, the hard floor for the price increases proportionally!** + +&#x200B; + +**50% of liquidity locked for 6 months:** [**https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814**](https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814) + +&#x200B; + +**50% of liquidity locked for 12 months:** [**https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf773725**](https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257) + +&#x200B; + +✅ Token address: 0xA8fcEe78B782eF97380326E90DF80D72f025f020 + +&#x200B; + +🥞 Pancakeswap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +&#x200B; + +📝 BSC Scan: [https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://bscscan.com/token/0xA8fcEe78B782eF97380326E90DF80D72f025f020) + +&#x200B; + +Make sure to conduct your own research before buying in. This post should not serve as investment advice. Only invest what you are comfortable with losing! 🌮 + + +FROM ARTICLE + +[Musk offered to buy Twitter for about $43 billion on Thursday](https://www.foxbusiness.com/economy/mark-cuban-says-musk-is-f-with-the-sec-thinks-twitter-will-do-everything-possible-not-to-sell?cmpid=fb_fbn) + + +Dallas Mavericks owner Mark Cuban chimed in on Elon Musk's attempt to purchase Twitter for $43 billion, saying that he thinks the Tesla CEO is "f------ with the SEC" and that Twitter will do everything in their power not to sell.  + +Musk, a popular user on the site with more than 81 million followers, announced the offer on Thursday morning to buy all outstanding shares for $54.20 each.  + +"I believe free speech is a societal imperative for a functioning democracy," Musk said in a Securities and Exchange Commission fling. "I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company." + + +The offer per share, $54.20, is reminiscent of Musk's infamous 2018 tweet in which he said he had the money to take Tesla private at $420 per share, which caused Tesla's stock to jump but never materialized.  + +Musk frequently cracks "420" jokes, as the number is slang for marijuana.  + +Tesla and Musk settled with the SEC for $40 million in civil fines after he said he had the money to take Tesla private.  + +"His filing w/the SEC allows him to say he wants to take a company private for $54.20. Vs his ‘Am considering taking Tesla private at $420. Funding secured.’ Price go up. His shares get sold. Profit," Cuban tweeted. "SEC like WTF just happened."  + + + +Cuban also said he thinks "every major tech company… is on the phone with their anti trust lawyers asking if they can buy Twitter and get it approved."  + +"And Twitter is on the phone with their lawyers asking which can be their white knight," Cuban tweeted. "Gonna be interesting." + + Musk's offer to buy Twitter came 10 days after he announced that he had been buying shares of Twitter since Jan. 31, netting him about a 9% stake in the company.  + + + +On Sunday evening, Twitter CEO Parag Agrawal sent a message to all employees notifying them that Musk declined to join the company's board.  + + + +In the weeks before he announced his 9% stake, Musk criticized Twitter for its moderation policies, saying that "failing to adhere to free speech principles fundamentally undermines democracy."  + +Twitter has been criticized in recent years for banning high-profile figures, such as former President Donald Trump, Republican Georgia Congresswoman Marjorie Taylor Greene, and former White House chief strategist Steve Bannon.  + + + +Musk said Thursday that it would "be utterly indefensible not to put this offer to a shareholder vote." + +"If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty," Musk tweeted.  +Do you look which job pays the most? Or do you want a job with a reasonable work life balance? + +And how have your priorities changed as you’ve progressed throughout your career? +I have a few tradies in my family, mostly carpenters and plumbers and at the hot topic at family dinner at the moment seems to be about how there have been major price hikes for basically every type of building material possible, even rubbish removal has increased 50%. + +Apparently if you were to build a house at the moment it would be 30% more expensive than this time last year. + +We have another family member who signed up for one of those 5% deposit house and land packages at the end of last year and building isn’t due to commence til early next year. They have locked in the prices for the build before the price hikes so we are curious to see how this plays out and if he will have to fork out more money, hopefully he doesn’t. + +What does everyone else think will happen in similar situations? Will builders try and get out of their contracts? + +“For as long as Musk is serving on the Twitter board, or 90 days after, he can't own more than 14.9% of Twitter's stock, either as an individual or as a member of a group, the filing says. Musk will serve as a Class II director until 2024” + + +But! + +If Elon decided to not take the seat in the board he can buy more than 14.9% of Twitter shares. Twitter CEO did the board member move to Elon as away to prevent take over by Elon. And very recently Elon rejected the board member seat. So, hostile take over will be the next Elon move. +Last year, in 2020 MSFT had a strong rally of 43% to record highs for the year. + +The earnings released on January 26th show MSFT beat earnings and revenue expectations for the eighth straight quarter as reported on the last earnings report about two weeks ago. Earnings of $2.03 per share easily topped expectations by 39 cents, while revenue of $43.08 billion grew almost 17% year over year and beat estimates by more than $2.8 billion. + +Since the release of this earnings report, the stock value has been uncharacteristically quiet and only hovering around the $242 range. + +This made me investigate what’s going on and I discovered over 12 Microsoft executives acquired common stocks as recently reported on February 1st with the SEC Form 4 filings. I calculated 1,348,758 common stock shares that were acquired by Microsoft leadership in the last month. + +This potentially means MSFT will be releasing some big news in the near future. Potentially even as early as the next couple of weeks and I believe it will be either an M&A, a new technology product, or a large government contract to make all these executives acquire common stocks at the all-time high price. + +I picked up 500 call options as I’m conservatively estimating their stocks might increase over $250 in the next two weeks. + +Another thing to note is ARK Investment Management LLC reported a 30.67% increase in their ownership of MSFT / Microsoft Corp about three months ago. ARK does a lot better investigating potential disruptive technologies so they might have been previewed to some knowledge that helped them decide to increase their position that much. + +This is not financial advice and just my opinions. Please do your own DD before making any financial investments. Also please share your thoughts and insights on this as I am also thinking about buying some long-term shares tomorrow depending on what others mention or discovered. + +EDIT: I replaced the word "bought" with "aquired" to reflect the verbiage of the SEC Form 4 filings. Apparently acquired could mean they were awarded, exercised options, or other means. I also removed the word "insider". +TLDR: EV in the next 10 years is going to become the biggest industry in the world, not because of it's green energy but because of automation. They're going to lead to the largest mass unemployment rise as they make drivers unnecessary + +I'd love people's opinions about my take on the future of EV and whether I'm off base or too optimistic + +Disclaimer: In NIO for 140 shares @ $22 + +My main argument: EV companies are currently amazon in their bookshop phase + +I would argue that the valuations of both TSLA, NIO and other large EV companies is seriously undervalued - I'm not basing this on the number of cars they manufacture nor the effectiveness of their electric battery potential but on the billions they're investing in the development of full self driving automation. + +In the next 10 years, we are likely to see full automation especially with the advent of quantum computing leading to a huge increase in computational power ([https://www.sciencemag.org/news/2020/09/ibm-promises-1000-qubit-quantum-computer-milestone-2023](https://www.sciencemag.org/news/2020/09/ibm-promises-1000-qubit-quantum-computer-milestone-2023)) - The companies that are heavily investing in developing this technology aren't the classic car manufactures such as GM, Chevrolet or Chrysler but instead the large EV companies that have grown exponentially in the past year. Like many people I'm viewing companies like NIO or TSLA as tech companies and not car manufacturers. They're main value is in the code they develop for automation. + +Once full autonomous driving becomes realistic, these companies can lease their code as a service and basically replace the need for any job which requires drivers i.e. delivery drivers, truck drivers, taxi drivers. + +The main example I've been using for this is Domino's Pizza in the UK - They have about 1126 stores in the UK, let's say they conservatively they hire 5 delivery drivers per store and those drivers on average work about 5 days a week and a total of 6 hours per day (the three hours around lunch and three around dinner) - Let's also assume they only get paid minimum wage - This comes out to a total expenditure of about £80mill per year ($110 mill) for dominoes just based on paying their drivers wages, not countering in fuel or other expenditures that they do also cover - And that's only one company in the UK. + +If automation occurs, which again these companies are investing heavily in and the underlying infrastructure and technology is beginning to reach basic requirements, these EV companies can create a code as service model along with the profit from actually selling the car and basically make drivers redundant + +My argument is that basically at the moment these EV companies are amazon in their bookshop phase, people are betting that they'll sell lots of books (cars in this case because they're clean energy) and I think they're going to end up becoming juggernauts that basically take over our daily lives to the same extent amazon now does + +Obvs I might be wrong and in fact I'd love to hear some bearish arguments - I'm not saying we're not in a bubble but I think these companies in 10 years time will be steals at their current prices + +&#x200B; + +Edit: A lot of people have mentioned the quantum computing point and how far we are away from it in normal conditions- which is a reasonable and valid point but I would argue that if you look at the rate of change of technological advances in the past 20 years (your phone in 2000 vs your phone now) - its not that crazy to say that this growth has risen exponentially and will carry on to meaning that **ONE OF THE MANY BARRIERS** to full automation will be knocked down (i.e reaching the necessary computational power for an ML model to process images real time) and could act as a domino effect +Hi Guys, + +I posted this in /r/personalfinance, but someone suggested I post here instead. + +We got lucky and purchased an 8 unit apartment in a pretty nice area in Southern California for $2m back in 2009. We still have about $906k in mortgage on this property. + +Our rental income is about $200k / year, but after expenses, our income (without depreciation) is about $60k. If we include depreciation, our reported net income is $6k. + +If were to do a comp in our area, similar apartment units will now sell for about $5m - $6m. + +While discussing this on another subreddit, /u/Richralph mentioned that (assuming $6m valuation) my rental yield is only 0.1%, which is rather stupid. + +If we were to sell it and try to reinvest in a different asset class, we would have to pay a significant Federal and State taxes (50%+), which I don't really comprihend on the amounts involved... + +My question is: + +1. Should I look at this investment differently? Judge the return by our original purchase price ($2m)? If we use this, our rental yield would be close to 10%, which is very respectable. + +2. Should we really bite the bullet and sell the property to reinvest and pay the tax man? + +3. Should we 1031 exchange into another property, but judging from the property in our area, there's nothing good that we can get that's below 20 GRM (Gross Rent Multiplier). + +4. Do nothing. And keep working at this apartment. Any repairs on this building would put us in the negatives for reportable income. + +5. Something else we're missing? + +Any help would be greatly appreciated! + +TL;DR: Got lucky on an apartment building. Yield is low now and need to decide what to do. + +NOTE: I'm financially responsible and savvy. Any opinion or advice will definitely be vetted first. I'm just looking for opinions on what people would do. +I'd like to be as DIY as possible, but from what I read it seems like I'm going to need a real estate attorney, a tax preparer, a CPA, an agent or broker, an inspector, and so on. Do most people use all of these people when they first start? What are the typical fees for some of these services? What other services like web hosting and landscaping eat into your ROI? +This is my first rental property and I’m preparing my taxes. My first renter didn’t move in until this month, but I bought in May 2021 and did repairs/improvements. + +What all should I give to my CPA? Utility bills, repair bills, costs of repair supplies, deduct for home office, etc? +I have a condo and not sure if I should sell or rent. I paid 215k for it 15 years ago and could sell it for 225k. My mortgage, taxes, HOA fees are $1400 a month and I could rent it for $1500. Any advice would be helpful. I have 15 years left in mortgage +My neighbor is 91. She’s incredible and in great health, but will obviously not live forever. She has been renting the property for the past 50+ years (yes 50). The original people who she was renting from passed away and they transferred the property to their son/daughter. The property is owned fee and clear. Since they own the home and have a great tenant I see no reason they would want to sell now. My neighbor has also been paying the same rent amount for the entire time, so it’s incredibly low. I’m not sure the current owners will want to deal with tenants, etc. after she passes. + +How can I aquire this property, either now, or be confident I can later? +I saw a duplex that is selling for $283K and the existing lease are $1350 each. One lease is 10 years. The other is due in a year. Tenants pay all the utility. In the area I live, the cap rate seems to be really good. But I found out on Zillow that this property was sold in May for $160K. I am guessing that it’s been flipped and just rented out. Any potential risks for these kid of deal? For instance, the bigger issues was hidden and couldn’t be found out during inspections? Wondering why don’t they keep the property, excellent ROI for them. Thanks!! +Hello, + +I sold a flip and a rental property (2 yrs) this past year. I was wondering if I would be able to file my own taxes instead of a CPA. It cost me a about $1500 i think.. It was really expensive last year. + +&#x200B; + +Any suggestions? +I think it may be helpful to share how my divorce has affected my path to FI. + +I was married in early 2005, split in late 2015, with a finalized divorce in early 2016. We had no prenup, no kids, owned one house together (with a mortgage), and owned two vehicles together with no loans. The divorce was not legally contentious, but neither was it amicable. I've been interested in FI since about 2008 and seriously pursuing it since 2011. + +### Overview ### + +| Year | My income | Her income | Income Tax | Spending | Saved Toward FI | EOY FI Savings | Estimated Annual FI Spending | Estimated First Year of FI | +|:-----------------|----------:|-----------:|-----------:|---------:|----------------:|---------------:|-----------------------------:|---------------------------:| +| 2011 | 95,000 | 0 | 18,000 | 63,000 | 14,000 | 89,000 | ? | | +| 2012 | 113,000 | 3,000 | 25,000 | 73,000 | 17,000 | 112,000 | ? | | +| 2013 | 120,000 | 9,000 | 33,000 | 68,000 | 28,000 | 185,000 | 55,000 | 2027 | +| 2014 | 125,000 | 48,000 | 38,000 | 78,000 | 60,000 | 275,000 | 48,000 | 2025 | +| 2015 | 143,000 | 40,000 | 40,000 | 105,000 | 32,000 | 245,000 | 45,000 | 2025 | +| 2016 (so far) | 150,000 | - | 37,000 | 53,000 | 21,000 | 290,000 | 43,000 | 2026 | +| 2017 (estimated) | 155,000 | - | 45,000 | 35,000 | 75,000 | 380,000 | 27,000 | 2023 | + +A couple points related to the divorce: + +* Most of 2015 was spent making up the lost ground in cash I gave to her to buy out her half of our home's equity (about 47,000). +* Much of 2016 has been spent building back up my emergency fund and retirement savings since a QDRO was used to equalize our retirement accounts (giving her about 59,000 from my 401(k)). +* My estimated expenses for 2017 are based on the past year's worth of expenses, minus the cost of building up my emergency fund again. + +### Saving and Spending ### + +At first, it was quite an unknown how going from married to single would affect the basic components of my path to FI. I knew that household income would be less since it will just be my income now. This was easy to estimate based on her last couple years having her first legitimate job, netting about 40,000 per year before overtime / bonuses. + +I also knew that household expenses will likely be less since it would just be me now. But by how much? Here is where I was surprised: + +* She had a student loan payment in her name only which cost about 2,000 each year. +* My health insurance through work dropped to the single rate instead of the family rate. My other insurances changed in various ways, too. Overall I save about 3,000 from this each year. +* Reduced, and eventually eliminated, pet expenses. (I kept one dog, who passed away a few months later, and she kept all the other animals.) This saves 4,000 per year. I have no plans for pets in the short- or medium-term future. +* Cost saved on regular life items for an additional person: health care, food, gas, clothes, utilities, etc. Overall this saves about 10,000 per year. +* We had a spending category called "Wild Card". Created with good intentions when my ex did not have a job, this was a portion of money set aside for her to spend without me saying anything, no matter what I thought of the purchase. As the years went on and our income situation changed, the money allocated toward this category ballooned to **15,000 per year** during the last two years of the marriage. It had become our second largest expense category - more than food, more than travel, more than health+pet care, more than loan repayment.. only second to *income tax*. It was a combination of her succumbing to lifestyle inflation and my desire to keep her happy and not feel like the "bad guy". + +In total, the loss of 40,000 in income is mostly canceled out by the loss of 34,000 worth of spending. A raise after the end of my divorce has covered the rest of the gap, and my single income taxes are right around the same as the married taxes I paid on our higher combined salary. So I'm now at a position where my spending and income have been reduced by the same amount, relative to each other. I'm much more comfortable with a lower salary and lower expenses than higher salary and higher expenses. + +I did this analysis after about six months of living on my own, and these results was a big surprise to me. I would never have thought that my ex was "costing" the household as much as she was earning for it - and I've tracked all income and spending for the last 15 years. I was both embarrassed that it happened, and excited about it being a thing of the past. I felt so good deleting the "Wild Card" row from my spending spreadsheet that it might as well have been accompanied by brass fanfare with a crown placed atop my head. + +### What I Did Right ### + +There are a few general principles often seen here and on other places like /r/personalfinance that benefited me during the divorce. + +##### I lived below my means. ##### + +Although spending was higher than I liked prior to 2015, we still lived below our means and saved a good chunk of our money. A lot of the spending above was saved away into individually purposed savings buckets, such as car replacement, home maintenance, and vacations, so we were reasonably disciplined with our money, too. I was probably 75%-80% of the force behind this effort in our marriage. When divorce began, because she was not accustomed to us spending all the money we made, her current salary was enough to maintain the same lifestyle we were already living (well, except for her ballooning "Wild Card" spending habits). + +This also helped me ultimately avoid paying alimony. More detail on that below. + +##### I had a substantial emergency fund. ##### + +Because I had "buckets" for just about every kind of unexpected expense I'd ever had, as well as bringing in more than I spent each month, I really didn't ever have to use my emergency fund. Until I did! Having that type of cash on hand (or in taxable investments) is what allowed me to refinance the house in my name only without taking on additional equity. I've read about the splitting of the marital home being one of the toughest sticking points in a divorce, but she wanted to move out, I wanted to stay put, and our emergency fund was enough such that after she got her half, she also got most of my half in exchange for me buying her half of our home's equity. + +##### I didn't pay more on low-interest debt than necessary. ##### + +I understand that there is an emotional aspect to getting rid of debt that is appealing to some (myself included). But trusting the math over my emotions helped me out in a couple of ways during the divorce: + +* Her student loan was 1.625% stretched out over 25 years. Any extra I'd have chosen to pay on it would have been "thrown away" in the long run, as she took on this debt post-divorce. +* Our home loan was 2.95%. Anything extra I'd have chosen to pay would have become more equity that I'd have had to buy back from her later. + +##### I paid close attention to my finances. ##### + +I was always much more interested in the details and direction of our finances than she was. I used this position of knowledge / trust to my advantage during the divorce in a couple ways. Mainly, she deferred to me in writing up the marital settlement agreement. I used this position to be as favorable to me as I could while still being fair from her perspective and managing her anxiety about her living on her own. + +I created a mock-up post-divorce budget for her, which was based on our shared historical budget. I then used this budget to convince her that she didn't have a need to ask for alimony. The budget was very similar to our marital budget over the past few years since we had lived below our means for so long (except, without saving for retirement at the same pace). Between her guilt related to the circumstances of the divorce, her pride of "making it on her own", and her below-average ability to consider the future under this proposal, she agreed. This saved me a potentially enormous amount of money over the next 3-5 years - as high as 100,000, according to my lawyer. + +I also included a spread out schedule for the equalizing payments, with the first payment happening very soon, and the last and largest one happening "no longer than 7 days after the divorce is finalized". The first payment was to discourage her from asking for additional financial help while moving out, buying new furniture for herself, and all that. The last payment was a carrot added to discourage her from changing her mind on other specifics, such as alimony. This also gave me time to start on my new emergency fund between filing and finalizing the divorce. + +I also did our 2015 taxes jointly. Our divorce did not finalize until early 2016, so we had to file either as Married Jointly, or Married Separately. Filing jointly saved me money (and cost her money via a reduced refund) because my income was so much higher than hers. She deferred to me to avoid the hassle of learning how to file taxes, I assume. (Or she may not have been aware that Married Filing Separately was a thing.) + +### Financial Lessons Learned About Marriage ### + +* I'm very fortunate my ex divorced me last year, instead of ten years from now. I read [this post](https://www.reddit.com/r/financialindependence/comments/3vg0j8/do_any_of_you_guys_have_a_prenup_are_you/cxndtq5) a couple months after divorce began, and saw the kind of scenario I potentially dodged down the road. +* For someone like me - an above-average earner, below-average spender, and with no plans to have children - I don't see any financial or logistical benefit to legal marriage that is worth the long-term risks. (I also see no emotional, social, or other benefit to legal marriage based on my personal circumstances and values, and do not plan to marry in the future.) +* Money is fungible. If your partner is not on the same page as you, rearranging things into different buckets, categories, spending models, or other mental tricks is not going to actually fix things. (...it sure felt like it, though! That is, until I realized that I was part of the household that spent 30,000 over two years on fish, snakes, geckos, skinks, tanks, cages, filters, heaters and lights running 24/7, an entire closet of dog outfits, piles of never-used art supplies, scrapbooking supplies, jewelry-making supplies...) +* When divorce begins, both parties naturally become more self-serving. The concept of "No one cares more about your money than you do" applies. + +All the numbers in this post are approximated. I'm happy to answer any questions. + +(I've written about the non-financial aspects of my divorce [here](https://www.reddit.com/r/Divorce/comments/56h3xj/its_been_one_year/).) +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. +I have gotten a decent amount saved up for an emergency fund and I'm thinking about just moving that to a separate account, such as a high yield savings account or treasuries, since even high yield savings accounts arent very "high yielding". + +Where do you store your emergency funds? +As stated many times over, we have gotten a lot of noobs here in the past few months (myself included). I understand that this is reddit and sarcasm has a huge role here. + +However, a lot of people have come to this sub to learn and haven't been here for the inside jokes. The sarcastic posts and inside jokes aren't always clear. + +I know, I know, do your own DD. I get it. A lot of posts are great and informative but can be derailed quickly with a joke that most dont get. + +Just my $.02 (see what I did there? Penny stocks) +My brother just started attending a university and wasn't necessarily looking for a job. He has Florida prepaid, so he isn't stressing about paying for tuition but like most, one of his biggest expenses is living expenses. Long story short, he heard from one of his neighbors that the complex was hiring a part time position, he interviewed for it and they told him they would comp his whole rent (650/month) if he averaged 18 hours per week working at the front desk. It was a no brainer, even though he takes a full workload at school (12 credit hours), they informed him that they would work around his schedule. + +Fast forward one month later. He tells me the job is easy breezey and sometimes he even manages time to get some studying in while at work. I'm a PCU Nurse paying 950/ month for rent and the only thing I'm thinking is,"how can I hop on this gravy train". I went to my front office manager in my apt complex and asked if they are looking for extra help, they inform me that they want to remain open on the weekends and have been looking for some front desk personnel for the last couple of months. Shortly after, they offer me a part time position where I come in Saturday and Sundays only for 6 hours a day (12 hours total, 2 days a week). I don't know if I'll accept the position or not, but it's a great option to have for a variety of reasons, one of which is to save thebmoney and hopefully buy a house. + +I just reminisce and think back to when I was in college for 6 years. If I knew that there were opportunities like this, I would've made a lot of changes to my working lifestyle, probably stopped working 4-5 days a week serving/bartending , trying to pay for rent. You don't have to be a student for these benefits obviously, but you do have to do some research and make some calls to see what apartments are offering. + +My personal advice to anyone struggling to pay rent is to just take a day or two to yourself, research all apartments hiring (preferably close to where you work so you can knock out other expenses, like gas and car maintenance). Also, call apartments that include specific or all utilities ( water, sewer, trash, electricity) first; This will also help compartmentalize your expenses. Most importantly, in my opinion , is that YOU DON'T NEED PRIOR EXPERIENCE FOR MOST OF THESE JOBS. My brother, god bless his soul, is lazy as hell and only works when absolutely necessary. He had no job experience before this, let alone front office experience. Not all apartments are the same, so they may offer you reduced Rent with pay instead of the fully comped rent as previously stated. Write these places down, but don't stop looking for the places that offer fully comped rent. I assure you, they are out there, you just have to really dig to find them. If all else fails, go to your local hud housing department And see if you qualify for a section 8 housing grant, which pays for your rent in full if you and your household fall below a county-indicated poverty line ( our qualifying poverty line Is 150%, or a little over 18k for one person, 24,640 for a 2 person household). This is just one of the many aids to help you out with housing, if you don't qualify for the full grant, you may qualify for a section 8 voucher or section 8 housing. + +Also, side note, just because an apartment complex indicates it's a "student housing" complex specifically doesn't mean there is an age limit or you even have to be attending a school. Sometimes this just indicates that each room in an apartment is individually leased and that all occupants share a living common area and possibly a bathroom or 2, depending on the apartment layout. Don't leave these apartments out of your research, as these apartments most often offer fully comped rent, at least in my area. + +For reference, My brother is getting paid exactly $9.60/hour at his front desk job and saves $7,800 a year in rent; I've been offered a wage of $10.00/hr and if I accept the position, I'll be saving $11,400 a year in rent. +I learned a bit about technical analysis and want to see if fundamentals / news can help me out (at least to know when I should NOT trade). Looking at a financial calendar, I see many events to which I don't have the slightest clue what they might do to the market. + +How to get started understanding news events? Where to find good resources on general economics? Thanks! +Have you ever missed a great trade and promise that you would never miss a great trade again only to enter less mindfully and lose money. Sounds familiar? How can one fight it? Personal experience, philosophy approaches, and mind tricks are welcome. +I’ve always wanted to learn how to trade forex but everytime I want to learn there’s always someone trying to get me in an academy for hundreds of USD and I just want to learn for free to be honest +How does one backtest PA strategies that are not based on indicators and likely cannot be automated because they are so discretionary and rely on human experience, inutition etc. When I say Price Action, PA, I mean things like Trendlines,chart patterns, multi timeframe analysis, candlesticks, so too many variables to automate. Price action is so broad and not really systemic. + +&#x200B; + +Is it even possible to backtest or the only way is forward testing? +Does TA work only because people use TA? I see so many charts with just lines and lines and lines forming triangles and flags and etc. People are good at seeing patterns, but does TA actually work or its just luck and risk management in the end? +Hello Ladies & Gentlemen, + +I am a novice in Forex trading, happily losing a few bucks to get started, in the hope of being able to be profitable within one or two years, and anyway, from now, in a learning mood. + +Thereby I would like to ask more experimented traders how they did learn trading, what helped them most, were there any books or articles that made them improve and so on, any testimony or material welcome! +How does a newcomer become a profitable trader? And, if there are readers of Tim Ferriss in the audience: what is the shortest and/or most effective way to do so. + +Thank you a lot by advance! +I’m currently doing the FTMO challenge. It’s interesting to see the exact statistics on my trades. +However my win rate is not that high (just under 40%) but my average RRR is 2.98 + I seem to be profitable (expectancy is 250) - but other than a few minor changes to my strategy for improving my win rate, is this sustainable? + +I manage risk fairly well and keep tight stop losses so if the trade doesn’t go my way immediately I get stopped out. +I don’t want to extend my stops but other than waiting for a slightly better setup I’m not sure how to improve win rate or even if I need to since I’m profitable. + +Thanks guys- happy trading +Does TA work only because people use TA? I see so many charts with just lines and lines and lines forming triangles and flags and etc. People are good at seeing patterns, but does TA actually work or its just luck and risk management in the end? +Hello. Im 17 years old. I trade in demo for 2 years and I am profitable even very profitable. I ask myself the question why I am afraid to take action and is this normal? I want to do the ftmo 100k or 200k challenge. I have the impression that leaving the matrix of the 9-5 job is impossible. even if my results prove the contrary. It's weird but I know I have to believe in myself. +So I had a sell on gbp/usd... obviously didn’t play out well but my broker just didn’t close my position. When I messaged there support they just said that they don’t have to fill any positions I’d they don’t want to. + +Is this even legal? +I haven’t lost loads but my balance is negative and I had to manually close my position + +Anyone else just get bent over by there broker? +I’ve been at this for years. In that time I was profitable then I lost money and trade after trade was a complete failure. I don’t know if I’m learning something or I’m just stupid. This year I’ve executed a couple of trades majority were losses and I’m down .86¢ + +So it was back to the drawing board, learning and writing non stop. I don’t think I’ve found my edge yet or what I’m planning on doing. Because one day I want to be a scalper on any specified time frame. But on others I see day trading being the best bet. + +I know 100% accuracy is kind of ridiculous and a faint dream because it’s virtually impossible to be applicable trading under any market conditions. + +I’m brushing through book after book and lesson after lesson skipping what I already learned and adding those little bits of information. That the previous person didn’t include or mention. + +I might become the next trading God or the next statistic in the sense I’m going to quit trading. I’ve spent a lot of time researching and doing my time for this dream. + +Please new traders really consider if this is what you want, this road is miserable and heartbreaking and unforgiving. Even a McDonald’s job might pay you more because this is not guaranteed. +Oanda just e-mailed the changes to their terms in regard to ESMA recommendations - + +>To meet these upcoming regulations we will be providing the following two features to both retail and professional clients: +> +>*Negative Balance Protection* - Negative balance protection on a per account basis, limiting clients’ aggregate liability for all trades connected to an account to the funds available on that account. +> +>*Margin Closeout Per Account Rule* - As per the current arrangements, margin closeout will occur when the sum of funds in your account and the unrealised net profits and losses of all open trades connected to that same account, fall to less than half of the total initial margin protection required to place the open trades. +> +>Additionally, for *retail clients* only, leverage limits will be imposed on all instruments, as follows: +> +>30:1 for major currency pairs +> +>20:1 for non-major currency pairs +> +>20:1 for major indices +> +>20:1 for gold +> +>10:1 for commodities (excluding gold) +> +>10:1 for non-major equity indices + +My boyfriend has been trading forex and every time I ask him a question he gives me some quick answer and I walk away feeling more confused so I figured I’d ask here... + +If you’re trading EUR/USD and the price drops from 1.1800 to 1.1700 does that theoretically mean that the US Dollar is getting stronger? or does that mean the Euro is losing value? Or does it mean both? +I’m fairly new to trading I’d say still only been a year. Makes me new- still a lot to learn. I try grow my account 5% a month and I have consistently done that for just 3/4 months. However I make my money of Gold I lose most other trades my wr for Gold is the best. + +There’s things out there that make me think maybe I’m just lucky at the moment because everyone seems to lose their money there. + +So if anyone has any experience, stories, insight or anything on Gold put it here, please! Just so I can get more knowledge and some different perspectives! +Hello, + +When I start trading I was trying to be with the correct side let's say and try to listen to some official analysts. Reuters and many others... Well from the first months I realised that I was in the opposite direction... +The gap became so huge, year after years... Now I feel safe when I am in the opposite direction and start to wory when I read their analysis and we agree. +And I am not talking about some random people with lines, if you understand what I mean. +I think that they try to mislead more that they try to help. +I have check many many cases and most of the times I disagree... +What do you believe???? +Instead of putting down 0.10 on gold with 1:888 leverage I put down 1.00 and it ended up with me losing ten times more than I was prepared to lose I'm only learning how to trade Forex and it was a ballsy trade I know but I was prepared to take the 50 euro hit since I had great profits all week high risk high reward very stupid I know now instead I ended up losing almost all of my savings I am completely crushed. I want to quit I have Money left to make back the loss I'm only a student and I was never ever willing to risk that much money ye I just don't know what to do. I put this into memes category because of how fucking stupid this is. +I have been invited for an interview to an SME company for the role of graduate environmental consultant and the starting salary is listed at £16-18k. I've seen a lot of posts on various job boards and most seem to hover around £20-25k, so this salary seems on the lower end. + +I know there's salary negotiation, but coming straight out of Uni with no work experience and also in the midst of a pandemic, I feel if I were to try and ask for a better starting salary that it could maybe reduce my chances of getting the job. As of now no other firm has gotten back to me yet and I quite like this position, with the bonus of it being close to where I live. + +I would just like to ask for some advice on how best to approach the topic of my starting salary, if I get the chance, as I want to give the best impression to help secure this role. +I wanted to share my YOLO story with everyone! (images below text): + +I like to think I am one of the biggest ROKU bulls around. Despite following ROKU since the IPO, I had missed most of the gains in 2019. When COVID crash came I said to myself if there was an opportunity to get ROKU again I would scoop it up with every freaking penny I could. + +I YOLO with just over 500k in options in April 2020. My strategy was to buy 6 month call option contracts so I could weather any storms, and I did right out of the gate between April to June. + +Sold my OCT 17 2020 calls which I bought in April on Oct 17 for 2.3 million. I YOLO that 2.3 million into more 6 month calls expiring in APRIL 2021. + +Current market value over $18,000,000 (CAD) + +Kicker is - I think ROKU is going to double again this year all day long... I am all in on this play until ROKU is done printing money... Going to 30 million, 50 million then 100 million even if it takes a few years. + +Go ROKU!!! + +My second batch of ROKU trades acquired on Oct 17, 2020 below. + +Disclaimer: \*Obviously\* I am long ROKU. I’m not a financial advisor, don’t take this as financial advice. Always do your own due diligence. + +&#x200B; + +https://preview.redd.it/brthrtfreig61.jpg?width=1278&format=pjpg&auto=webp&s=c8e9a4507588ad8f8a16db2751e60f511a4e1e3d + +&#x200B; + +https://preview.redd.it/m03y0cgseig61.jpg?width=1278&format=pjpg&auto=webp&s=6eaef3f20ab8e7d2b3d3236ea9cdf0cb3a621bf5 + +&#x200B; + +https://preview.redd.it/fq08f59teig61.jpg?width=1277&format=pjpg&auto=webp&s=08abbb46d29b8f8887bcd52baf4841aefa67c175 + +&#x200B; + +https://preview.redd.it/34pxssxteig61.jpg?width=1278&format=pjpg&auto=webp&s=7b1f4cfd15b57a7ea89b86fc653e129d5eb21b9a +It is obvious to me that the real estate market will crash because of the insane valuations on houses lately. So I am thinking about buying out-of-the-money put options on real estate ETFs, figuring the option's value would magnify greatly in the event of an actual crash. + +Does anyone know good ETFs for real estate using this strategy? +Please read the fantastic full transcript [here](http://blogs.rhsmith.umd.edu/davidkass/uncategorized/warren-buffetts-meeting-with-university-of-maryland-mbams-students-november-15-2013/) + +> **In the past you said you attribute 85% of your investing to Benjamin Graham and 15% to Philip Fisher. Has that percentage changed?* + +WB: I developed my investment strategy under Graham. I went to Columbia and learned from Graham. With Graham’s approach, you cannot lose money over time. It’s very quantitative in nature, and you have to do reasonably well. On the other hand, it has less and less application as you get into bigger and bigger companies with larger sums of money. It’s better to buy wonderful businesses at fair prices than so-so businesses at low prices. + +With the “cigar approach”, you can find a nasty cigar on the ground, with one puff left, can pick it up, light it and you get a free puff. You can keep doing this and get many free puffs. That’s one approach, that’s what I did. I looked for very cheap stocks quantitatively. After exposure to Fisher and Charlie, I started looking for better companies. Previously I was doing both. Now we are looking for good companies, not just cheap companies. Railroads are huge, and they will be good in 10 years, and 100 years from now. Burlington Northern is now earning $6 billion pre-tax, as compared to $3 billion a few years ago before we bought it. Moving much towards Fisher now and less Ben Graham because we are working with larger sums. With smaller sums, we would be looking at better margins/cheaper stocks. + +When I got out of school, I went through Moody’s manual page by page. Got to page 1433 and learned the good ones were in the back. Western insurance company in 1951 was earning $29.09 a share, the year before $21.66. The price of the stock had traded between 3 and 13 the previous 12 months. The price was at 16 when I saw it, less than 1 x earnings. A few years ago, in 2004, someone told me I should look at Korea. I got a book from Citigroup which had 1 stock to a page. Describes all the publicly traded companies in Korea. Went through it and found about 20 companies (ex. Day-Han flower mills) it had book value, eps, and securities. Didn’t tell you anything about the share until you look at the price. Found about 20 like that in an afternoon and bought some of all of them, but didn’t know enough about all of them to load up on them. If you buy 20 stocks selling at 2 times earnings, you’re going to make money. That’s Ben Graham and you can make money doing this. If you’re working with bigger money, you have to do Fisher/Charlie style and buy big businesses. Berkshire now looks for large, very strong companies. Like Nebraska Furniture Mart – bought in 1983 and it’s probably earning 20 times as much now. Charlie told me – “You’re never going to disagree with me because you’re smart and I’m always right”. +I'm writing this as we (myself and brother) are pretty much the immediate family support for these kids. Funeral arrangements are made, but looking for help/tips on navigating the road ahead for these kids. Sister/brother-in-law were employed, and owned a home and vehicles, but lived a pretty modest life. Of course the million dollar question - there is no will that we are aware of. + +We (brother and I) want to do whatever we can for the kids, as the idea of managing their deceased parents' estate will be a huge undertaking for them; having said that - they are of adult age, so I imagine there is only so much we can do. + +The funeral part is scheduled, but where do we go afterward? Some items of concern - will the mortgage be paid? Insurance? Utilities? Other debts - how do we even start to find? The checking account - does it close immediately? Do autopays continue on the checking account? + +Any questions or advice is truly appreciated. + Please use this thread to post your milestones, humblebrags and status updates 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! + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +My fiancé and I are first time buyers; living in rural Scotland with my parents, waiting for property to come onto the market. We've been looking since the end of 2021. It's a highly competitive area for buyers, and at the moment we're only seeing one new listing on Rightmove every 2 weeks. A house is sitting on the market right now for 320k and it ticks every box for us. It's a dream house. We bring home a combined salary of £73,000. This will rise to north of £80,000 in 2 years. + +We having £30,000 in the bank. We had considered using the first time buyers deposit of 5%, but appreciate this is not usually encouraged. Our parents would contribute a small sum if we asked. + +We bring home £4100 each month. Mortgage calculators suggest monthly repayments of £1950. With consideration to all other monthly bills (and rounding up for safety), our total expenses sits at £3000, Leaving ~£1000 monthly savings. + +This is all very new to us and I'm not sure what is acceptable and what isn't. Post tax, we'd be sinking nearly half our monthly income into a mortgage - is that normal? I know no one can predict the future and interest rates may continue to rise, but we can't live with my parents indefinitely, we need to get onto the ladder. A smaller property is the obvious suggestion but they are so few and far between here.. and this 320k house would be a forever home. I'm worried my desire is clouding my judgement. Are we financially equipped for this house in this economy? + +I've typed this out in a hurry so if I've missed out any important information let me know. + +Thanks in advanced for any input. + +Editted for grammar. + +**2nd Edit: I have learned that a fixed rate of 5.5% on a 35 year repayment plan would make the mortgage closer to £1550 per month. So 38% of our income. Leaving roughly £1300 leftover each month. It's a late edit, but I wonder if this is significant enough to change some of the more cautious comments here?** +In early 2016 I purchased a house with only 10% down, yes you read that right. I broke one of the conventional rules that fiscally sound home buyers live by. There's a good reason for this rule because, without 20% percent down you, the homeowner is required to pay PMI or private mortgage insurance. + +As a consequence of only paying 10% down, I was stuck with an extra $123.44 a month in mortgage insurance premiums. My goal was to get rid of that MPI as soon as possible, the alternative, wait 7 years and 8 months for my Loan to Value to reach 78% based on the original amortization schedule. Paying a grand total of $11,356.48 in PMI premiums over that time. Ouch!! Understandably my goal was to get rid of it as soon as possible. + +You may be wondering how Solar Panels fit into this, well in addition to the obvious benefits, you can use them as a **tool** to increase the equity in your home and drop Mortgage Insurance faster, I'll get into that more in a bit. + +If you find yourself in the situation I was with my PMI, the way out is to pay down enough on your loan to where you have an 80% Loan to Value. Then you need to notify the mortgage company and request that your Mortgage Insurance Premium be dropped. + +Here's the deal, the mortgage company is not your friend in this effort. The bank doesn't want you to stop paying for insurance, the insurance guarantees they'll get paid. It's in their best interest that you keep it as long as possible. + +When you put in a request to drop your PMI you'll get some information in the mail basically saying that you will need to pay for an appraisal and then if the value is high enough (80% LTV or 20% Equity in the home) they agree to drop your mortgage insurance. + +There is nothing more demoralizing than paying $450 dollars for an appraisal, just to have your home appraise 7% lower than the original value of the loan (quite convenient for the mortgage company). Suddenly finding yourself out $450 dollars and thousands of dollars away from dropping those pesky Mortgage Insurance Premiums. Believe me, I found myself in this exact situation back in 2013. + +Learning from past experience, my strategy to drop Mortgage Insurance Premiums was three-fold. + +* Aggressively pay off principal +* Look for ways to increase home value +* After 9-12 months have my real estate agent run comps for me to gauge whether I had enough equity in the home to feel comfortable enough to pay for an appraisal as part of my request to drop PMI. + +In short, I needed as much wiggle room as possible. I didn't want to pay for another fruitless appraisal. + +Let's talk about Solar Panels, four months after our home purchase in 2016 I was looking at buying solar panels as a way to increase the value of our home. To get an idea of how much this can benefit you when dropping mortgage insurance, let's say you had a home worth 350k and then you buy solar panels which boost the value of the home by 15k. That's an easy low-risk way to increase the equity in your home by over 4% using an investment that more than pays for itself in the long run. + +I found a solar company that offered free LED light bulbs for the whole house as a perk for purchasing through them. I ended up settling on a small 2.97 kW system for $13,514 dollars installed and got a 12-year loan at 1.99% for it. Though I could have purchased a much larger system. + +The idea was to get a system big enough to keep me from the more expensive electricity tiers and to maximize my state's solar tax credit. Utah offers a tax credit of 25% of the purchase price up to $2000 max. When you couple that with the federal tax credit. (30% through 2019) The total cost of the system ends up at only $7,460. Take into account the LED light bulbs and the reduced monthly electricity costs and this is a killer deal. + +**Use your solar credits to build even more equity**, check this scenario out. Let say you buy solar panels towards the end of the year, within a few months you submit your tax return and receive the solar tax credit. Put that $6,000+ down on your mortgage giving you another big equity boost. **In this way Solars panels are essentially working as a two-way equity boost.** Helping to Increase the value of your home and lowering your mortgage amount at the same time! + +As luck would have it I received a letter in the mail during the solar panel purchasing process advertising a true no cost refinance at 3.5%, at the time my interest rate was 3.75%. There was no downside to pursuing the no cost refinance, best case scenario, I would be able to lower my interest rate and drop my mortgage insurance premiums! Worst case, my house wouldn't appraise for enough to drop the mortgage insurance but I would still be able to drop my interest rate. I needed to jump on the opportunity as soon as possible to lock in the 3.5% percent because mortgage rates change often. I locked in the rate and got the refinance started. At the time I was just hoping that my solar panels would be installed by the time the appraisal was done for the refinancing, and fortunately, the solar panel installation beat out the refinance by about a week. + +Thanks to the **solar panels** and housing market gains over the previous 6 months since we purchased the house, our appraisal came in with more than enough value giving us the equity we needed to drop our mortgage insurance premium. + +With a lower interest rate, and not having to pay insurance; the refinance saved us $179.34 a month on our mortgage payment! + +I bought a house with 10% down and within 8 months dropped the Private Mortgage Insurance. Was luck involved? Yes, to an extent. I was fortunate to have favorable market conditions and interest rates. The no cost refinance gave me an opportunity to drop my mortgage insurance with no risk. If I had to pay for the appraisal myself I would have been leerier and would have waited another 6 months or so to pay off more principal before feeling comfortable enough to move forward. + +Why am I telling you this? Is it just to brag? No, It's because I believe that my experience can be beneficial in helping those who currently have mortgage insurance, or for those who may be looking to purchase a home in the future. + +Maybe you find the perfect house, a great investment but you can't quite afford to put 20% down. Remember you have these options available to you, PMI is not something that has to stick around forever and break the bank. + +**4 tips to dump your Private Mortgage Insurance** + +1. **No Cost Refinance** +Mortgage rates are constantly fluctuating and there will always be banks fighting for your business. Seek out opportunities for no cost refinances, that will save you money on the appraisal and could even lower your interest rate! If that doesn't work out be prepared to pay for an appraisal once your have enough equity. The appraisal will quickly pay for itself once you're free from PMI. +2. **Solar Panels** +Utilize solar panels as a way to increase equity in your home, the fact the monthly payment on a solar loan can often be entirely offset by savings in electricity costs make it a very safe, low-risk investment. +3. **Solar Tax Credits** +Find out if your state offers any solar tax credits in addition to the 30% federal credit. use your solar tax credit to pay off additional principal further boosting your equity, putting you on the fast track to MPI freedom. +4. **Attack that loan balance** +Have an attack dog attitude, don't allow yourself to get complacent with the status quo, take charge of your financial future, make a plan and stick to it! + +**Be aware of these 6 things** + +1. **Not all appraisers are familiar with solar panels** +Solar Panels are pretty new and some appraisers are not too familiar with them, or how much value they bring to the house. When our house was appraised the appraiser company called to ask to gather information about our solar panels, he verified that we, in fact, owned them. *(I would never rent instead of buy, but Apparently renting Solar Panels is a thing)* And also asked about the size and cost of the system. I suspect there will be a good deal of variance on how much value an appraiser believes your solar system brings to the home. So you may want to call 2 or 3 local appraisal companies to get an idea, but the bottom line is that they do add value to your home. +2. **Buying before you can do 20% down is not for everyone** +I am in no way endorsing buying a home with less than 20% down, that is the safest way to go. If you do buy a home with less than 20% down make sure that you are able to save enough every month to pay your mortgage principal down to that 20% mark within a reasonable time frame. (12-18 Months was my expectation) Remember the possibility that housing prices could drop, causing you to keep PMI much longer than you planned. So make sure going into the home purchase that you accept the possibility of keeping it for the long term while knowing that you will do everything under your control to get rid of it. Make sure that you have 3-6 months worth of living expenses. Completely depleting your savings in order to make a bigger downpayment is not worth the risk. +3. **Solar panels are not all created equal** +Make sure you are investing in quality, high-grade silicon solar panels. Quality Solar panels should have at least a 30-year life expectancy and at least a 20-25 year warranty. +4. **It's possible to have too much solar credit** +To take full advantage of the federal solar tax credits you need to have paid at least the full credit amount in taxes over the year. I have heard that you can collect these credits over two years if you didn't pay enough taxes to claim the full credit. See a tax professional if needed. +5. **Plan** +When I refinanced I had a significant amount of money tied up in an escrow account at the old bank. It took over a month to get the check in the mail. The new bankrolled about a year of escrow costs into the new loan. If I had wanted to keep my loan amount the same with the new bank I would have needed to tell them ahead of time and paid for the escrow costs out of pocket while waiting for the previous escrow reimbursement check to come. +6. **Other Options** +Know that there are loans out there that come with no PMI, the trade off is that they come with a higher interest rate. For me, as someone who intends to get rid of PMI as soon as possible, I'll take the lower interest every time. +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. +I just want to work all day every day doesn’t matter if it’s two jobs or what but would rather put everything down and just work, what courses, what companies, what sort of jobs should I be looking at to make consistent $$ for the next 10 years +Hi AusFinance friends, + +There’s a lot of talk in the media about inflation. I understand (from a couple of economics subjects more than a decade ago lol) the concept of inflation, but I don’t understand why it’s difficult to control. For instance, I just read an article saying that ‘record petrol prices could persist for weeks’ and attributing the cause to inflation. + +Taking the article at face value and putting aside all the click bait nonsense, why can’t the govt just regulate - ie put a cap on petrol prices - its way out of inflation? There seems to be a lot of discretionary profit in basic household goods in Aus that this could apply to. + +I appreciate it’s nowhere near that simple, but don’t understand why, so hoping you can explain. +Hi guys, + +I have no debt, no intention of buying a house any time soon, no big expenses on the horizon... I'd like to invest and get a bit more than 2.5% in a savings account. + +But reading coverage about a "correction looming" in the sharemarket has me a bit spooked? Should I hold off a few months or look into shares overseas or government bonds instead? Or is trying to "time the market" a bit silly? +\[Disclaimer: I'm not talking about sole income earners supporting their entire family, people who are financially struggling due to the low minimum wage etc. - you guys have my respect\] + +What I'm interested in is how your average CBD professional spends their income - as I'm always told by my peers they are running short of money or living paycheck to paycheck. I have friends who has had to live at mine for a couple of days to avoid debt collectors and others who upload photos of $500 receipts from a night of drinking onto their social media. + +Like how is the average 20-30ish year old earning six figures so tight for cash? What is it that they're buying that is so expensive and so personally valuable they are willing to give away their sense of financial security? + +People say takeout or eating out - but surely that can't be that expensive? Holidays - eh maybe. But still, that's a one time a year thing. So what is it they are actually doing with their money? Miser me simply does not compute. +So that's it, there's no more shorting of GME anymore right? Look over at iBorrowDesk and check the list of shorts happening. It's a barren landscape, millions of shares available. Few people are actually shorting GME, right? Which means all of the dips in the chart have been us paper-handed bitches coming to our senses and selling, right? + +Fucking wrong. + +So if you've been watching the GME subreddit lately you may have seen some people speculating about potentially shorting GME via a proxy, essentially shorting GME using an ETF. The ETF in question is XRT. + +So I took a look at XRT and holy shit has there ever been some shorting going on this week. Over 1 million shares of XRT has been shorted. So how does shorting XRT impact GME? + +[A fucking lot, apparently](https://imgur.com/a/BH7Ur54) + +When you take a look at this chart, some things kind of don't quite add up perfectly with the iBorrowdesk times.But if you apply some wiggle-room to the iBorrowDesk times and stick with the dates you'll find things match up a little too fucking perfectly. + +My best guess is that iBorrowDesk isn't actually getting real-time updates about when the shorting happens, but they are at least getting updates at the end of the day. This would really explain why it appears like 1 million shares were shorted at the end of the 10th, when it would more logically occur during the fucking tear upward in the middle of that day. Remember when GME went parabolic for a minute on the 10th? They shorted a million goddamn shares to reverse the direction! Holy fuck! + +Guys, maybe the shorts covered *some* of GME. Maybe the interest on it IS down, but what is the current short interest of XRT now?! Shorts are still trying to fuck us, and [they're doing it through XRT](https://imgur.com/PvuUMCJ) in order to hide their movements. + +Now we need smarter people than me to start analyzing the implications of this. + +*edit:* +**TL;DR:** +Hedgies are shorting XRT instead of GME to throw everyone off the scent. This week's parabolic swing up was reversed by shorting **1 Million** shares of XRT. + +Also, side-note. XRT is currently 3.3 times more expensive to borrow than GME, the fee is 5%. Why would they short XRT and not GME directly? Hmm... + +~~*edit 2:* According to https://www.etf.com/stock/AMC, XRT also holds 6.5 million shares in AMC. This could be a missing link that explains how AMC and GME price charts became linked in the last few weeks! Thanks to /u/IsleepWithOpenAyes for pointing this out!~~ removed because I cannot find the portion of the site that corroborates this statement. + +**edit 3** Lots of people are asking what this means for the play, do you buy XRT or GME etc. I have a few half answers to offer. The first is I don't know your situation, only you know your position and how best to handle it, and I'm not qualified to provide financial advice. Also, I personally will not be going long on XRT. If the squeeze squozes, I think the effect will be more impactful to positions in GME since HFs will have to liquidate their other positions they've been buying in other stocks in the EFT. I personally will continue averaging down and holding GME, and watching https://iborrowdesk.com/report/XRT for further confirmation bias about when shorts are attacking the stocks I like. +Hello, just a quick question. I'm currently paying £10.38 per month with EE for 1GB of data per month and unlimited texts and calls, which I feel is a lot. + +After seeing Virgin Media's 10GB for £10 I phoned EE to see if they could match that deal, but the best they could give me was 6GB for £12. + +I was just wondering what everyone pays for their mobile; do EE give better deals than this to anyone else? Is 6GB for £12 a lot? + +EDIT: Thank you so much for your help and all of your comments. I thought I would update this in case it helps anyone... I phoned EE yesterday asking for my PAC number. When they asked why I was leaving, I explained that I was going to go with Virgin Media's 10GB for £10, unless they could offer me the same or a better deal. EE offered me 6GB for £10 as well as 10GB for £12 (both were much better than my old contract and had unlimited texts and calls) to encourage me to stay. +I own small business and make roughly $800K/year. I have triplets entering private High School at a cost of roughly $33K/Each per year. I have $100K for each child saved in a 529 account. Is there an advantage to using the the 529 funds for high school or should I save them for college. Will not having those funds available for college increase the odds of receiving at least some financial aid when they go to college in 4 years? Or doesn't it matter. Any other advise for financial management tricks if I have 3 entering college all at the same time? Anything you wish you would have done differently? +So here is the situation. Sold my company in late 2020 to a PE firm for 16M, with majority in cash and 3M in financial performance based earnout over 3 years. I am now 18 months into earnout and hitting desired milestone does not seem likely based on some strategic missteps and lack of focus of the PE firm post acquisition. Fed up I put in my notice last week. Note, the earnout is not dependent on whether I stay, but is more likely if I stay. They want me to stay and are taking corrective action on focus and strategy. I’m willing to stay provided I can renegotiate the earnout and they execute on the corrective action needed, though part of me says it’s time to walk and enjoy the next phase in my life. Anyone have success renegotiating earnout or been in a similar situation? What would you do? +Hi everyone, first time poster here. Just another long time lurker without the urge to post until recently. I am a 30M (married with a baby) in a HCOL area. NW of $1.7M and HH income (big raise earlier this year) of $650k. Probably just now starting to get past the HENRY phase. Portfolio is currently $400k in cash and HY savings (plan to buy a home within the next 6 months, so I need the liquidity), $300k in pretax accounts (401k, IRA, etc.), $700k in taxable accounts, and $300k in alternative investments including RE and some VC opportunities I have been able to participate in (all very illiquid). Monthly expenses of about $10k including rent, wife’s car, childcare, travel (obviously down this year), and far too much take out. + +I have been going through quite a few major transitions in my life, and have just recently seen my income double. Additionally, my forward looking income ladder has grown substantially (all salary related, no stock/commissions/other unreliable or volatile income sources). + +Six years ago, I bought a used 2012 Jeep Grand Cherokee, which was just recently paid off. While I’ve always considered myself a big fan of luxury cars I’ve never felt financially comfortable enough to go out and buy something that wasn’t “practical” until now. I know, I know...luxury vehicles are terrible investments and are considered a waste of money to some, but I figured that the fatFIRE community may have a slightly different perspective on this, all things considered (lifestyle, personal enjoyment, fulfilling childhood dreams). + +With all of that being said, I’m now at a crossroads trying to determine what direction I would like to take for a new vehicle. As such, I’m calling on the fatFIRE community for help by asking what each of you are driving in comparison to your income and NW in an effort to see what becomes the new “reasonable” at varying levels of wealth. + +TLDR; Starting to make a lot more money, and I’m in the market for a new car. Interested to see what fatFIRE folks are driving given their income and NW. +I (for the most part) enjoy my work, but there's a lot of stuff around the house that I HATE doing (laundry, dishes, emptying the dishwasher, vacuuming, etc). I don't need/want a full-time person to do this, but I'm thinking/hoping I could find someone who would come for a couple hours every other day for $20/hour. Has anyone else ever done something similar? + +Follow up question for those of you with kids who outsource house chores, how did you explain to your children? We have a newborn, so obviously it doesn't matter now, but when she gets older, I want her to do chores and understand how to contribute to a household and a family. I don't want her thinking that we're super rich or that she doesn't have to help, etc. + + +**SECOND QUARTER OVERVIEW** + +* Generated net sales of $1.183 billion, compared to $942 million in the prior year’s second quarter. + +* Ended the period with cash and restricted cash of $1.78 billion. + +* Ended the period with no long-term debt, other than a $47.5 million low-interest loan associated with the French government’s pandemic response. + +* Invested in long-term growth initiatives that include expanding the Company’s product catalog, enhancing its fulfillment network capabilities and technology, and adding talent across the organization. + +* Entered into a lease of a new 530,000 square foot fulfillment center in Reno, Nevada, positioning the Company’s fulfillment network to span both coasts of the continental U.S. + +* Entered into a lease of a new customer care center in Pembroke Pines, Florida and started building out U.S.-based customer care operations. + +&#x200B; + +[https://www.stocktitan.net/news/GME/game-stop-reports-financial-results-for-q2-u2afcu1n39m3.html](https://www.stocktitan.net/news/GME/game-stop-reports-financial-results-for-q2-u2afcu1n39m3.html) +I mean I just invest in my 401k and a Roth IRA, shit I don’t even know what it’s at now. + +But it boggles my mind how much you guys obsess over the prices. + +Yes, it is pretty likely stocks are going to stay stagnant for 2-3 years. But you guys need to chill. + +You should be in the position with 6 months of emergency savings in COMPLETE LIQUID cash before investing a dime in anything. + +Also, invest in single companies if you want, but it feels like so many of you guys don’t invest in the S&P 500 or a Roth IRA and do super risky stocks like fucking caravana and shit. + +And then complain when it goes 75% down and blame the fed for it. + +Like, is this sub full of 20-25 year olds that have never seen a recession? + +It’s going to take a few years for the table to turn to back to growth. But if you have been following basic investing advice you shouldn’t be sweating at this, because you should have enough saved liquid to where you won’t be forced to sell at any point. + +This market only really sucks for older people who don’t have 5+ year retirement horizons. +They basically use different cows that have more of the A2 compound, that's it, to me they do nothing special and above some self promoted, unverified claims, I fail to see why they are valued so many times above somebody like Fonterra or Bega + +https://en.wikipedia.org/wiki/A2_milk + +https://www.asx.com.au/asx/share-price-research/company/A2M + +https://www.asx.com.au/asx/share-price-research/company/FSF + +https://www.asx.com.au/asx/share-price-research/company/BGA +Title, unfortunately had to remove Sportsbet due to ‘New Years resolutions,’ so I’ve come to wager something far more important than my pay check. I’ll take a two year ban if today���s close doesn’t double by Christmas. +Why wouldn't everyone and his dog throw caution to the wind and putting their mortgage on it? What are the obstacles (besides time) that keep BRN from hitting Afterpay shareprice numbers of $100+? Surely if it works as advertised, it's a new world as we know it. Would be like discovering fire, no? + +Need to know what I'm missing. +The above quote was from Cardiex CEO Craig Cooper during an interview earlier this year. 2020 was really a year of building the foundations for CDX with 2021 looking to be a large leap in terms of sales and revenue of their products. Highlights for 2020 include: + +· US and China FDA clearance of non-invasive blood pressure monitoring devices + +· Commercial agreement announced with Andon for the co-development of remote patient + +· home health monitoring devices (Andon are the largest distributor of medical devices in China). + +· Partnership with Mobvoi to launch a new line of smart watch containing Cardiex technology for heart and arterial health management (Mobvoi are backed by google and are a global leader in smart watches) + +· Contract extension with Bayer for their heart monitoring trials + +· CardieX devices to be used in largest hypertension and COVID-19 study to date (CARTESIAN Study). + +**Who are Cardiex and what do they do?** + +Ticker: CDX + +MC: $42.7m + +SP: 5.6c + +SOI: 837.8m\* + +Bank balance prior to SPP: $4.4m + +Top 20 shareholders own 50% of shares, with 20% belonging to the CEO’s Venture Capital company (C2 ventures). I will expand on the ownership below. + +\*There is currently a SPP which is only open to retail investors to raise $1mill in order to “The SPP is solely to enable our retail shareholders to have the opportunity to participate in the next growth phase of the Company at price levels that may not otherwise be available to them.” The SPP is at 5c and closes tomorrow, Dec 31. + +Taken from their website: + +CardieX is a global health technology company that focuses on hypertension, cardiovascular disease, and other vascular health disorders. + +The company's ATCOR division is the world leader in medical devices for measuring arterial stiffness and central blood pressure waveforms based on its unique FDA-cleared and patented SphygmoCor® technology. More than 4,500 SphygmoCor® systems are currently in use worldwide at major medical institutions, research institutions and in various clinical trials with leading pharmaceutical companies. + +Under the ATCOR.X brand, the company also develops and licenses its Arty™ platform consisting of physiological and health analytics for wearable devices. The company's digital platform, ArtyNet™, is a connected SaaS ecosystem providing physicians with a complete telehealth solution for remotely managing patients' health (2021 launch). + +The group manufacturing and R&D operations are located in Sydney. The American subsidiary, ATCOR Medical Inc., is headquartered in Naperville, Illinois. Executive offices are located in Newport Beach, California, and business development for Asian markets is located in Shanghai. + +**Products** + +Prior to the company being re-branded in late 2017, CDX had two existing products: ATCOR XCEL and Oscar 2 which are FDA approved non-invasive central blood pressure monitoring systems. After the company shake-up, a string of new products are being developed, and this is what has everyone excited. + +ATCOR Pulse: FDA approved, at-home, non-invasive monitoring device for central blood pressure, to be distributed by Andon and using the aforementioned patented SphygmoCor technology. Cardiovascular disease is the number one killer of humans globally. + +CONSUMER WEARABLES: The partnership with Mobvoi is only the first as they do not contain exclusive rights to CDX technology. CDX will receive a % of revenue from each sale with the launch expected to be mid 2021. + +ARTY Digital Hub: A consumer app linked to a clinician portal for medicare type patients in the USA. We all know how much the amerifats love their domino’s pizza so this will be a vital indicator, powered by the ARTY technology to monitor vital signs. Consumers will purchase this SaaS for everyday monitoring and alerts when cBP reaches critical levels. We have already seen several examples this year of peoples phones/watches calling emergency contacts after severe incidents, now CDX is offering a product. Imagine someone you know is having a heart attack or a stroke, now we have a technology that can alert a contact/physician. + +Pretty much all of these products are in the final stage of development for launch in 2021. Further details can be found in their November 2020 presentation. The 2020 quarterly update and half year sales update also have some great information on product progress including: + +· Record half year sales – on track for >30% increase over H1 FY2020. + +· Contracted order of the Pulse will be \~10,000 units. As a guide to the impact of this new device on the revenues for the Company, our current device sales of the XCEL central blood pressure monitor (which constitutes the most significant portion of our sales) are in the low hundreds annually. + +**The Director** + +Executive Director and CEO: Craig Cooper + +Craig is simply a money making machine, he runs a Venture Capital company C2 Ventures with Executive Chairman Niall Quinn and together they own 20% of the company. Unlike most small cap companies who are run by the person that invented their product, this company is run by a businessman so every single move he makes it is designed to increase the value of the company. Craig was the co-founder of Boost Mobile in the USA, the co-founder of the infamous Softbank Capital (he ran the technology arm I believe), run a number of Venture Capitals and even hosted a few TV shows in the USA where he was named “Hollywood’s top dealmaker”… whatever that means. + +Craig and Niall have a history of starting companies from nothing and turning them into something. + +The company is also on a hiring spree, signing up a new Chief Medical Offer, Chief Product Officer and now advertising on Linkedin for a Director of Marketing. They are three important additions to the already 30-40 strong established team. The chess pieces are well and truly being manoeuvred into place for 2021. + +I understand this is a long post so I will go no further because most of you don't have the attention span to get past the first paragraph. + +Disclaimer: Yes I hold shares and options in the company, my average buy is 5c. I also don't believe this is a rocket but more of a slow climb as the market doesn't really seem to be aware of their existence. + +TL;DR: Rocket emoji x3 +Debating whether I should sell on contract news, or to hold until next quarterly update.. Been in for a few weeks and am currently sitting on a 33% profit. What y’all doing with this stock this coming week? +Why wouldn't everyone and his dog throw caution to the wind and putting their mortgage on it? What are the obstacles (besides time) that keep BRN from hitting Afterpay shareprice numbers of $100+? Surely if it works as advertised, it's a new world as we know it. Would be like discovering fire, no? + +Need to know what I'm missing. +&#x200B; + +[I got a big ass spark, yes big ass](https://preview.redd.it/h38gfavxy4o51.png?width=485&format=png&auto=webp&s=e1265ee68714341be87eca4c75c35a5e9bf1d1a1) + +What materials will change? + +>[https://arstechnica.com/science/2020/08/tesla-research-partnership-progresses-on-new-battery-chemistry/](https://arstechnica.com/science/2020/08/tesla-research-partnership-progresses-on-new-battery-chemistry/) A lithium metal battery would simply use solid lithium as the anode instead of requiring a graphite framework for lithium atoms to tuck into as the battery charges. + +No more graphite? OMFG. 😬😲😰, What about cobalt? 🙄 it stays + +> Lithium atoms electroplate onto a copper electrode as the battery charges and then move back into a conventional lithium-nickel-manganese-cobalt + +But copper electrode. OMFG. **Copper good**. Ah ha copper up already.😒 There is a forecast for a Shortage of copper supply? That has yet to be happen 🤪. Manganese is up? Is there going to be a shortage? ah no. So **manganese 💩** + +[http://trh.gase.most.ntnu.edu.tw/en/article/content/93](http://trh.gase.most.ntnu.edu.tw/en/article/content/93) more evidence of graphite being ditched. + +What of all the talk of cobalt free battery? will phosphate Moon? No plenty of **phosphate** 🙄but low cost producers will be interesting. Elon said he wants a cobalt free. Cobalt spot price falling. **Cobalt** 💩 + + [Tesla was working with CATL on lithium iron phosphate (LFP) batteries](https://www.whichev.net/2020/05/29/tesla-seeks-approval-in-china-to-build-new-cheaper-teslas/) + +What of aluminium oxide? HPA is flying up? This is difficult since the rumors all over? there is glut of aluminium and HPA seems to be no shortage either. + +What else? Lithium Polymer battery? That is 90% cheaper? What is in it? No metals at all. but that is 5+ years away. The issue is EV will remain expensive until metals are gone. + +[https://www.bloomberg.com/news/articles/2020-07-08/nissan-pioneer-touts-resin-battery-that-s-90-cheaper-to-make](https://www.bloomberg.com/news/articles/2020-07-08/nissan-pioneer-touts-resin-battery-that-s-90-cheaper-to-make) + +&#x200B; + +[View Poll](https://www.reddit.com/poll/ivwek8) +I had a screenshot for ya but this homo sub never lets me upload em. + +Instead you get a TLDR: CMC Stockbroking now offering zero commissions for international stocks from 4 countries, including USA +I've long been one that believed in utility crypto projects over payment projects, but I had a really frustrating experience today that wouldn't even be necessary with a real crypto banking system in place. + +Had a business account with a bank and long story short, they raised their monthly account fee and refused to waive it. So I withdrew my balance and closed the account. Well, Bertha didn't close it and I ended up getting charged an OD (on a business card I didn't know about) on the monthly account fee. Called their 800 number and they claimed they no close was done when I withdrew the entire balance. Rather than continue to fight (I was at work), I mapped the closest location and headed there. + +I get there and it was a branch inside of a supermarket with a teller and two account specialists. Ask for a deposit slip which she gives and then after filling it out and pulling out my cash to pay and close the account, she tells me she cannot take it because they are a cashless branch. She said she could take money orders and recommended I went out to the supermarket's customer service center and buy one. I almost lost it. + +I had to then drive across town to another branch that could process cash. I mean, what are we doing here people? A bank wanted me to pay a third party and purchase a money order so I could then make a deposit. In 2018? Whichever moron banking exec came up with the cashless branch idea can shampoo my crotch. Sorry for the rant, but it is experiences like this that make me hope something can gain real world traction and get rid of nonsense like this. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +The thing about both this stocks, is that recent news have tried to discourage people from buying more calls or shares. + +But while the media is trying to push both stocks down, the overall feeling around these stocks is bullish. +Today $AMC has broked above the descending triangle formation in the daily chart (Check Finviz or whatever tool you want) and a little after $GME has experienced the same trend. Breaking above the SMA and both currently spiking in After Market. + +If these levels consolidate in this week and the next, both of these stocks can experience Another Bull run to previous highs. Note: I am not telling that it will Gamma Squeeze, just saying that in the short term Bears are going to get destroyed. And the longer the people who are shorting keep their Shorts/Puts the more they are gonna get burned, because people aee not selling either of them. +Holders have proven that the short volume is because they are not selling. + +TLDR: 🚀🚀🚀for Amc and Gme for now. More volume and momentum required to moon. +Locked thread I guess due to bad advice. + +I’m in the US and I think it’s around 150k. Give or take. + +I’ll see if I can talk to a CPA about it. I have one for taxes. Thank you for the advice and if this gets unlocked I’ll keep an eye out on new comments. + +Thank you everyone for the sound advice. + +—- + +Long story short, just found out after my dad passed away, that my mom is now sitting on a few hundred thousand in cash. Not millions or anything outrageous. Basically their retirement for low property taxes and food. + +They come from a country that has massive bank issues, so they always kept everything liquid. No I’m not happy. I could have bare minimum had it grow with inflation, if I knew. + +Now my mom is looking for help from me to resolve this, because they haven’t worked in over a decade so it’ll look like they were sitting on cash from some unmarked business or something. + +Is there a solution to this other than reporting it a second time and paying tax on it? + +Thank you. Just trying to figure this out without going nuts. +I was recently asked to help with my parents’ retirement plan. My parents are both in their 70s and in reasonably good health. I hope they could consolidate to make things simpler for them to manage. + +Here are how their portfolio looks like: + +* Age: 70 & 71 + +* Income: Now just about $50K/year + +* Total retirement assets: $750K http://hellomoney.co/portfolio/98ae94-parents-portfolio + + * My father's 401ks: $184K + + * My father’s Traditional IRA and Roth IRA: $333K + + * My mother's 403b (No employer contribution): $97K + + * My mother’s IRA: $136K + +* Debt: + + * Mortgage: $89,000 at 3.8% + +* Other savings/investments: Cash savings, A house at $286K + +What concerns me is that their overall allocation. Currently they have 80% stocks and 20% bonds with only few years left till retirement. I have told them it’s too aggressive for their age, but don’t know enough to suggest a good alternative. + +They have a financial planner who has them buy mutual funds with steep fees. And my parents prefer to have someone that they can sit down with face-to-face. My mother is a Buffett fan, and she defends that these are value stocks and I shouldn’t worry about them too. + +Am I right in being concerned about their allocation? Any suggestions on the order of how to tackle this would be greatly appreciated. + +I've been a Coinbase faithful for nearly 2 years now. For as long as I can remember I have been purchasing 1BTC on the same day (pay day) every two weeks, like clockwork. I satisfied all of their KYC requirements and then some and have been a full verified user for almost 2 years. I've been using the same bank account, my personal checking, to purchase bitcoin. + +I have heard all the stories about Coinbase rejecting purchases for whatever ambiguous 'high risk' reasons they think make sense, even from my own sister, but I had never myself experienced any problems making my regular bi-weekly purchase of 1BTC and I always kind of assumed that my loooong account history of very consistently doing things the right way every time ... every ... two .. weeks perfectly was probably keeping me safe from these arbitrary purchase cancellations. + +And then today happened. Actually, this *just* happened less than 15 minutes ago as I write this, which is part of my eventual point actually. + +So I was expecting my normal every-other-Thursday morning email from Coinbase today letting me know that my 1BTC is waiting for me in my account wallet but, instead, I get the 'high risk' cancellation email that has become so infamous. Here it is: + + Hi Spotted Marley, + On Oct 17, 2014 you purchased 1.00 BTC via bank transfer for $383.90. + Unfortunately, we have decided to cancel this order because it appears to be high risk. + We do not send out any bitcoins on high risk transactions, and you will receive a refund + to your bank account in 3-4 business days. + + Please understand that we do this to keep the community safe and avoid fraudulent + transactions. Apologies if you are one of the good users who gets caught up in this + preventative measure - we don't get it right 100% of the time, but we need to be cautious + when it comes to preventing fraud. + + You may have more luck trying again in a few weeks. Best of luck and thank you for trying Coinbase. + + Kind regards, + The Coinbase Team + +I won't spend any time going into how fucking ridiculous it is to suggest that my order appears to be high-risk. It's just the most insulting violation of our relationship that it makes me want to puke. And why did it take 7 days to determine the suspicious nature of the purchase order? I digress, because I just don't care anymore. After I got the email from Coinbase, and after a moment of fuming in my chair, I decided one thing for certain.. I'm never using Coinbase again. This sort of violation feels identical to experiences I've had with traditional banking and is something that I use Bitcoin to try and *avoid*. They're just going to *decide* whether I can have the bitcoin that I purchased? .. uh .. yeah right. + +So I had signed up for a Circle account a couple weeks back, verified my account, etc... but I had never actually logged back in to use the account since then. It seemed like a cool service and all but I already had a process in place that worked fine and that I was very used to using every two weeks with Coinbase so I didn't think much about Circle until this morning. + +I logged in to my Circle account, transfered money from my bank, bought 1 bitcoin and sent it to my offline wallet. + +It took about 30 seconds and happened instantly and flawlessly. + +Thanks Circle. I hope you never violate my trust. + +Peace out, Coinbase. We had a good thing going for a while there. +To illustrate my point, let’s use the number below: + +* $10M in a portfolio, say 75% VTSAX + 25% VBMFX. +* The average dividend is about \~1.5% +* The 21-year CAGR is about 5.57% (if not re-invest dividend). [Reference](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=false&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VTSAX&allocation1_1=75&symbol2=VBMFX&allocation2_1=25) + +Suppose that you plan to withdraw 2.5% to support your retirement life, starting at your 1st year of FatFIRE life. + +From a tax-efficient perspective, it seems that the best idea is to **pay the first 1.5% with your dividend since you can’t avoid its tax**, and just borrow the rest using IBKR (or another low-interest product via private banking or negotiate a low margin interest w/ your main broker) that charges very little on interest. While you have to pay some interest (which is about \~1% today, maybe will increase gradually to \~2%/3% in the next 10 to 20 years), you can avoid paying capital gain and state income tax. + +You probably still need to pay capital gain when you rebalance, but that’s a separate consideration. + +As long as you keep your margin lower than 20%, it’s generally very safe. Given that the CAGR is 5.57%, and if you borrow 1% from NW, this seems to be a good strategy for many years. + +Some known advantages: + +* If you are not super unlucky, your portfolio gain should outgrow your margin interest (assuming it’s 1\~3%). That is to say, the % of your borrowing may naturally decrease over time. Also, if your NW increases, the 1.5% dividend might be enough to support a good life — you eventually borrow less over time. +* When an asset is transferred at death, the basis is stepped up to the market value at the time of death. If my heir sells the asset, the gain subject to tax would be the appreciation that occurred since inheriting the asset. +* You don’t have to time the market (when to sell) or to project your expense (a medical bill, etc.) You can withdraw (actually, borrowing) whenever you needed so it provides flexibility. +* As a FatFIRE, the more you borrow, you may negotiate (or get) a lower margin rate from your broker. +* You can live in CA/NY or pay (relatively) little concern to the state tax since borrowing money requires no tax. + +Some known risks and their mitigation: + +* The cost of borrowing is too high. The good news is that interest rate hiking is a slow process. At any time you feel the interest makes no sense to you, you can simply stop borrowing and pay off the debt. The long-term capital gain is at most 20%. You receive no or little penalty (15% vs 20%) by paying a large lump sum. Better, you can live in any state you feel convenient until the time you decide to pay the debt off. You could save lots of state income tax if you plan ahead and choose the right domicile state when you decide to sell stocks to pay the debt off. +* Some tax reforms make a capital gain income or with more tiers. Well, legislation is not a quick process and you can always make some move (by talking to your CPA) once you feel the change seems to be imminent. +* How about a bear market like 2008? Well, you could certainly borrow less or spend less. Switching from borrowing to withdrawing provides no help. It could be even a disadvantage move to sell low anyway so avoiding withdrawing could be a good move. + +This plan (borrowing instead of withdrawing) sounds too good to be true. What's the catch? + +Note: this is a repost per Mod's suggestion -- the previous post contains bitly link and thus has to be removed. +I usually refrain from posts like these. But recent discussions have made me wonder if there's a increasing lack of maturity in our community. I'm seeing a lot of posts on how much money people have lost and how they are "out" etc etc. To each their own – but I figured I'd share some of things I've learned in my journey thus far. + +&nbsp; + +Original Post: [3 Reasons Why You're Getting Wrecked In These Markets](https://www.mangoresearch.co/3-reasons-why-you-lose-money-crypto-how-to-not/) + +-------------- + +##**1) You’re a victim and you don’t know it** + +We are ruled by our emotions. Almost every single buying decision we make is an emotional one. News sites, advertisers, salesmen and pro-traders all understand this very well –– and they use it against us. +&nbsp; +*The question is:* Do you understand this about yourself? + +&nbsp; + +Last week the narrative was + + >“Ethereum scaling issues, ICOs are dumping etc etc”._ + +&nbsp; + +This week there was a push for + +>“Breakthrough in Ethereum Scaling! Novo calling the bottom!”_ + +&nbsp; + +I hope you see a pattern here. Think back to last year: + +> “BTC mempool, BTC can’t get their shit together, China banning exchanges!” + +&nbsp; + +A good salesman uses emotion to make a great sale. Similarly, a good trader will use emotion to make a good buy (at the bottom). He’ll then use emotion to make a good sell (at the top). + + +In a way, you can’t help but appreciate the art of it all. But do not be a victim to this. Your emotion is the sword they wield when they attack. But it’s your sword. You can keep in check. + +**How to fix it:** Know thy enemy & know thyself. + +I spend most of my time on the fundamentals/technology in this space. But that hasn’t stopped me from learning about how traders think & how market cycles work. I have read over 10 books on market psychology, trading mindset and market cycles/crashes. Does this make me a pro-trader? Absolutely not – but it does arm me with knowledge that keeps me from making bad decisions. + +So pick up some books/tutorials on the trading psychology, market cycles etc. If you have money invested, you owe it to yourself to spend time learning some of the basics. This doesn’t mean you have to become a trader yourself. This will simply help you become more aware of what’s happening around you. + +&nbsp; + + +##**2) You’re trading and you don’t know it** + +Many of us think that we are “investing” – but in truth, our behaviour leans closer to that of a trader. + +&nbsp; + +>###“Woah..woah… I hate Technical Analysis! I don’t believe in that crap” + +&nbsp; + + +####_**News Flash**: You don’t need to be using TA to be trading._ + + +Here are some signs that suggest you are trading without realising: +&nbsp; + +* Are you making your buying & selling decisions based mainly on the price? +* Are you trying to time the tops & bottoms to increase your stack? + +Yes? You’re a trader. Period. + +We’ve all heard the saying: “96% Of Traders Lose Their Money”. So the odds are already against you – but imagine being a trader and not even knowing you are one. It’s like walking into a Ice Rink with soccer sneakers. + +*The truth is that most of us in this space are traders.* + + +To be an investor, you need to speculate on the direction, fundamentals & adoption of the technology. A trader on the other hand, mainly speculates on the direction of the price (and may use short-term fundamentals to strengthen his thesis) But since very few of us understand the fundamentals, it’s easier to speculate on the price. + +&nbsp; + +**How do you fix this?** + + +1) If you’re **not** interested in trading – and _“in it for the technology”_ – then it’s time to start living up to the claim. Before you invest your money, invest your time to learn the underlying fundamentals. You don’t need to learn it all. Start with Bitcoin & Ethereum. + +&nbsp; + +2) If you **are** interested in trading, it's time to realise and accept that you’re trading – and it’s what you enjoy. Trading is a competition/game. You’re going to keep losing if you don’t even know you’re playing. Learn “how” to trade – start with the basics, and start small. + +&nbsp; + +##**3) You are forgetting what this space is all about** + +It seems like we’re rapidly diverging from the ideology that gave birth to this space: **_Decentralisation_**. Most of us are focussed on the upcoming ETFs and the scaling issues of Bitcoin and Ethereum. Are we really excited for a financial tool that will allow for further centralisation and possible manipulation? Isn’t that precisely what we wanted to get away from? + +&nbsp; + +>###_“Oh but we don’t scale enough yet for adoption, we need this asap”_.. **Really?** + +&nbsp; + +The scalability will come in time. All an ETF does is put a dent in the ultimate vision – it doesn’t do anything for real adoption. + + +Yes, we’re slow(ish) – but that’s the sacrifice we make in return for an inclusive, open access, decentralised system. + + +####Don’t fuel the narrative unless you’re trading the narrative (refer to #1) – you’re only weakening the community and your own resolve. + +&nbsp; + +**How To Fix It:** Think back to why you really entered this space. Was it the ideology? Or the money? Make your decisions accordingly. But try not to get caught on the fence. + +&nbsp; + +*Final Thoughts:* + +I'll end my rant here, but the takeaway is this: If you're playing the game, it's important to know that you're playing. And if you're playing – you better get good at it. If not, just stay in the sidelines (aka: buy & hodl) + + +&nbsp; + +Hope this post helps! + +&nbsp; + +--------------- + + +###**EDIT**: +Many of you have PM'd asking me for book recommendations on blockchain fundamentals & trading. + +&nbsp; + +Honestly, most books on blockchain out there are crap. There are only a few that are worth while. I'll make a list of resources for worth reading and post it here. + +&nbsp; + +That being said, **the best use of my time** has been hunting and diving through all of **Vitalik's old blog posts**. He links to several other resources – so you'll find yourself with plenty to read. + +&nbsp; + +If you're looking for easier reads, I have explained a lot of the fundamental concepts using simple analogies on my blog: **[Simple Analogies To Blockchain Concepts](https://www.mangoresearch.co/blockchain-analogies-expalined/)** + + +**DO NOT keep your currencies on exchanges** like Polo, Kraken or Bittrex. Please. For you ; For your friends ; For this ETH community too; For everyone. + +The market cap worth $62B grows quickly, we don't want a MtGox 2.0. A hack is the only thing that could kill the far adoption of the last months. + +**Don't make the same mistake.** +It is available on both Hyperledger Fabric and Ethereum networks - just announced at Amazon re:Invent. What do people think about this announcement? + +https://aws.amazon.com/partners/blockchain/ + +EDIT: Added additional link provided by JetSetKyle +I remember when this news article came out, people accused Cramer of siding with his hedge fund buddies, and that he was a "piece of crap" for doing so. + +But when I look back at the previous videos of Cramer, it seems like he was rooting for WSB the whole time, and even defended them and started the whole "we like the stock" meme. + +Now that I think about it I think he might've been right. + +Wall Street isn't some conglomerate. There are probably other hedge funds who haven't **shorted** gamestop. Who instantly saw blood in the water, with access to tons of data and more sophisticated tools to get a clearer picture of sentiment. Knowing that a horde of emotional retail investors, were mass buying and holding GME. So they decided to ride the wave, and now it's possible that they're pulling out, leaving the retail investor as the one holding the bag. + +The money wasn't transferred from the hedge funds to the people. It was just transferred to other hedge funds. +That was actually scary to watch. I woke up at 4:30am to start trading and things were choppy, but not crazy. Then at about 7am the party really started. It was pretty insane to watch big dogs like AAPL, MSFT, FB get completely mauled. + +I hate alarmism. But the only parallel I can come up with in my trading history was 2008. Be very careful trying to catch falling knives. +Even with unemployment in the double digits, Sydney and Melbourne property have barely changed. Realistically, would it ever happen? If so, what is the scenario under which it would happen? +In current WSJ economic survey of more than 60 economists they were asked "When do you expect a recession to start?" and forecast has highest likelihood is year 2020: [https://www.wsj.com/graphics/econsurvey/](https://www.wsj.com/graphics/econsurvey/) . Another survery at CFO Global Business Outlook over 1500 global CFOs predict a recession by the third quarter of 2020: [https://www.cfosurvey.org/press-release/recession-expected-by-late-2020/](https://www.cfosurvey.org/press-release/recession-expected-by-late-2020/) + +How accurate are these economic forecasts? + +Some prominent investors are also signalling that a crash may be coming: + +* Warren Buffett's Berkshire Hathaway is predicting a crash and is holding $128.2 billion in cash and seems to be unfazed by the stock market rally and is waiting for a correction to buy good value stocks: [https://www.cnbc.com/2019/11/02/warren-buffetts-berkshire-hathaway-reports-a-128-billion-cash-pile.html](https://www.cnbc.com/2019/11/02/warren-buffetts-berkshire-hathaway-reports-a-128-billion-cash-pile.html) +* Ray Dalio founder of  world's largest hedge fund Bridgewater has placed a $1.5 billion bet on bet on market crash. [Ray Dalio believes we are in a period of time similiar to 1937](https://www.businessinsider.com.au/ray-dalio-bridgewater-debt-crisis-downturn-coming-about-two-years-2018-9?r=US&IR=T): + * asset prices are near full capacity, we are late in the growth cycle + * interest rates close to zero percent, QE to prop up the economy + * income inequality, wealth gap has widened as wealthy have access to cheap capital + * big gap in politics betwen left and the right with populism is on the rise + * global tensions are rising as a new nation is rising to power + +[https://edition.cnn.com/2019/11/21/economy/ray-dalio-economy-great-sag/index.html](https://edition.cnn.com/2019/11/21/economy/ray-dalio-economy-great-sag/index.html) + +* Robert Shiller is Nobel-Prize winning economist and his CAPE (**C**yclically **A**djusted **P**rice to **E**arnings Ratio) index suggests a stock market crash is on the horizon. He cautioned that the impressive returns investors have been enjoying over the past few years are likely coming to an end, saying **he expects U.S. stocks to return an average of just 4.4% each year over the next 30 years**: [https://www.ccn.com/bubbles-everywhere-suggest-stock-market-crash-coming/](https://www.ccn.com/bubbles-everywhere-suggest-stock-market-crash-coming/) + +Crash will certainly happen as [no bull market runs forever](https://traderhq.com/illustrated-history-every-s-p-500-bear-market/). The hard part is timing it. +I'm a big fan of squeezes and I believe TSLA squeeze can be read clear as day using three charts: + +* SPY +* VIX (Volatility index of SPY) +* TSLA + +In figure 1 we have TSLA pre covid high and post covid high marked with yellow circles. https://imgur.com/VbMn8XA + +It's my belief that shorts knowing the pandemic was on its way, shorting the shit out of the market (likely when GME was also shorted into oblivion along with other mall outlets) Post covid, TSLA reached its pre covid high and the price begins to sky rocket up until June. https://imgur.com/6Ek1SHv + +This dance between shorts just keeps getting better and better as the FEDS continue to pump the market for whatever criminal reason they're doing it. Next we see the shorts in TSLA get shaken out again as seen from a pump between June and September https://imgur.com/uVhO3Df + +Then finally we have the last dying breath of major short positions (likely naked) exiting TSLA for good as the market finally begins to freely trade https://imgur.com/DG0lTtt + +Well, how do I know that you ask? Volatility is a helluva drug. Before I show you the chart, lets talk about VIX and SPY. VIX is the volatility index for SPY which means when prices are up, volatility is down and vice versa. Here is an illustration of that. https://imgur.com/ZYURqHQ + +VIX blue, SPY pink. SPY goes up, VIX goes down. VIX goes up, SPY goes down. Now lets talk about the correlation between VIX SPY and TSLA. + +https://imgur.com/hjNeDvi + +Each TSLA price movement in the charts above me can clearly be seen to cause a large spike in volatility and a big dip in SPY. Why is that? Well, you've been an ape for 9 months now and I think you can answer it but I'll explain it if not. As shorts become exposed, they must liquidate long positions to avoid margin calls. When longs are liquidated, SPY price drops as huge sell offs occur; when SPY drops, volatility spikes. When volatility spikes and an underlying security is also exploding, it's most likely, a short squeeze. The level in which volatility rises with the underlying security determines exactly how exposed our short positioned friends are! As you can see with TSLA, shorts were pretty fucking exposed. https://imgur.com/qYP21Fi That's a whole lot of losses! After November, volatility drops despite TSLA continuing to rise at a pretty quick pace. This breaks the cycle of what it was doing before and tells me the major shorts involved in TSLA are gone. + +So, what's this all got to do with GME? Well, lets take a look at this chart. https://imgur.com/LX3zrya + +After the pandemic, every time TSLA ran up between June and Nov 2nd SPY took a dump and volatility sky rocketed. After Nov 2nd, the shorts ACTUALLY exited their position (remember January when they said they exited? yea ok) and TSLA no longer correlates with SPY and VIX. This is what free trading looks like. + +When we look at GME, 1/27 we see **one day** impact volatility half as much as all three TSLA spikes combined. From 20 -> 40. A 20$ jump in a single day. TSLA's volatility impacts were, + +* 27->40 = 13 +* 23->33 = 10 +* 27->40 = 13 a total of 36 + +As you can see, most of TSLA's volatility run ups were spread out over days/weeks. GME was a singular BOOM. Remember what I said about the more the underlying security impacts the volatility the greater the exposure? **YEA**. + +Volatility, SPY and GME correlated 100% together on 1/27. GME was going to tank the market because *someone* was liquidating their longs to close on **some** short positions. What's cool is after that, all of the GME data become "fuckery" and everyone said its over. Look at how SPY and Volatility spike BEFORE GME run ups following 1/27. They're orchestrating control over GME run ups now. They are calculating **exactly** how much money they need to suppress the future run ups of GME. + +I think volatility has reached its previous base and is ready to explode again. + +edit: Ima just say, popcorn and volatility have no correlation. Volatility was 'already' going down before popcorn exploded in May and its explosion did not affect volatility, **at all** +One result of Gamestop’s move today is it ran out of options strikes above $60. Until new strikes are listed that takes away the short gamma effect of upside calls on the stock. + +That short gamma effect goes like this, a ton of retail buyers pile into upside calls, and leave the sell side short those strikes. They hedge with stock but as the stock rips higher, more and more stock needs to be bought by those that sold calls (market makers, trading desks). + +A great example, the 60 calls expiring today were trading under 5 cents very recently. Today, they were worth more than $10 with the stock above $70. Imagine what kind of stock needs to be bought to hedge against those now versus when they were initially sold at less than 10 deltas. Add that gamma effect to the short squeeze in the stock and you see why GME has days like today. But as of now, that gamma effect largely disappears above $60 in the stock + +This only matters at the moment for GME, new strikes will be listed by Monday, but sort of an interesting options inefficiency I thought was interesting. BTW, here's the current expected move in the stock via Options AI. As you can see most of the movement is being priced in the next week or so. In other words near term options is where all the buying is at the moment: + +&#x200B; + +https://i.redd.it/vo9gpy0bjxc61.gif +Just my opinion here - but the incessant stream of individual Computershare account posts is drowning out just about every other type of post that used to make this sub electric. Genuine DD, breaking news, TA, buildings with lights on - you name it. + +Raising awareness about DRS *is* just about the most important thing we can do right now as shareholders, but the mods should find a better way to organize these posts so they don’t white wash the feed (a grouped/pinned flair maybe?) + +Superstonk has been a stream of daily enlightenment for Apes for months, and while I think DRS is paramount and should absolutely be in focus, the individual posts are drowning out the crazy culture of this beautiful information superhighway. + +Just one Ape's two cents. I like the stock +🍌 🚀 +Elon musk gets charges filed against him for fraud. Stock down 12% as of now. + +Anyone buying the dip? I'm wondering if it would it be a good buy opportunity.. +Buying my first home. Was offered 2.99% for a 5 year fixed from RBC, which I believe to be fairly competitive. However, [bond yields are dropping incredibly fast right now.](https://www.bankofcanada.ca/rates/interest-rates/canadian-bonds/) + +It’s a new build and I do need to lock in within a few months. Wondering how quickly the retail banks typically take to adjust/revise their rates in the short-term? + +Any speculation as to what we might be looking at mid to later summer? + +I’m new to this. +Assuming risk tolerance aligns properly with VGRO's allocation, if my total RRSP is >$150,000.00 and I have a time horizon of >25 years, am I wrong to invest everything into this fund?... And continue to save therein...Is this strategy too simple? What am I missing? I read a lot about those that have just started investing (smaller portfolios), but rarely about those with a 'larger' sum of money. + +Thanks. +Shopify was one of Canada's darling stocks during the pandemic and rocketed up. Over the past few months, it's come down just as quick as it went up. + +I'm curious what everyone's thoughts are on its current valuation. + +Make the case for why you feel it's fair value at current price, or undervalued or overvalued. + +Just trying to get different perspectives on it before I make some decisions. + + +I was looking through the BAM and its subsidiaries this morning and I found some interesting numbers on the TMX money website. I know P/E ratios don’t say too much but these are just my thoughts + +BAM \~ 18 P/E 1.1% Yield + +BPY \~ 13 P/E 6.8% Yield + +BBU \~ 16 P/E 0.6% Yield + +BEP \~145 P/E 4.6% Yield + +BIP \~ 226 P/E 3.8 % Yield + +What made me look up these numbers was because BEP has been rocketing lately, I was thinking, its P/E ratio must be sky high. Indeed it was, but then I looked at BIP's P/E ratio and its even higher! Does this mean BEP have more to run after its recent restructuring? BEP and BIP have ridiculous P/E ratios for what I thought would be safe, slow chug up stocks. While the rest of them have more normal P/E ratios + +BPY has not been receiving any love due to commercial real estate taking a hit from online shopping I believe. But with an almost 7% yield, it's pretty tempting. Question is, can this this payout continue? + +Also, BBU is relatively new compared to the rest, its often overlooked imo. Its Brookfield's business for solely investing in businesses? Isn't that what they already do? I would expect BBU to have the highest P/E ratio in this case, most growth if executed right. + +Just my observations and thoughts, feel free to comment! +Hello friends. So my TFSA and RRSP are going well and I'm thinking of opening a non-registered account. I do my own taxes and I'm use to a really simple tax season, T4, I'm single, a renter... and after a bit of research on taxable accounts, it looks like it would add some hassle to my taxes. I've done prior research on the topic but I have yet to find a simple way to hold and deal with a taxable account. FYI, I'm a buy and hold, long term horizon (20-30 years) investor. + +\_What do you guys hold in your "simple to deal with" taxable account? I'm aware of tax favorable Canadian dividends. Would the dividend from XEQT or VDY be considered a favored dividend? + +\_I heard some brokers make life easier providing all the necessary reports for tax season. I'm currently satisfied Wealthsimple trade customer. Do they have a report for tax season? + +\_I keep hearing about ACB's, the ACB website that is supposed to make your taxes easier. Honestly I'm kinda lost with that and I mostly just glanced over it. + +Anyways, if someone has simple step by step solution of holding a taxable account, what type of securities they hold in it, will buy frequency make my taxe season more complicated and what to they do when it's time to file taxes, well that would be great. Thanks yall! +I am 57 and have a net worth of approx 1.3M. 800K in self-directed IRA. 200K in non-sheltered investments, about 50K in my new company 401k, 130K in cash (due to a sale of a home). Home free and clear about 130K in value. + +I have been a single income provider working in IT for the last several decades. The majority of my funds are the result of maxing out my 401K since I entered the workforce. In that time I have owned several homes. moved several times and paid cash for my kids (2) college, cars, weddings etc. + + +I recently took a job managing development, QA and data services for a company based out of a small town in midwest. Middle of no-where. + +My wife and I absolutely love the small town vibe. we have always lived in larger metro-plex suburbia. + +I have always assumed that I would just keep working until my mid-60s and then; not sure (retire, die, something). I have never really planned out what happens after. + +Living in a small town I have really grown to appreciate the outdoor activities. Hiking, fishing, (Hunting again after 25+ years). + + +I am suddenly very much thinking about just..... NOT WORKING anymore. + + +With really liking small town vibe; owning a house free and clear. No big expenses (kids/education/etc). I am just realizing that I can probably do so tomorrow if I wished. + + +I am new to this sub-reddit and after reading through a lot of this, I realize that i really could have focused on this as a family goal and probably retired 10 years ago if we had prioritized additional investments. Rather than just investing through my employer plans. + +This is a lot of rambling, please forgive me. But I want you guys to know that this is VERY doable. I got here and I wasn't even really focused on this goal. I just laid out a mostly painless path through 401K investing. + +From a retirement perspective my wife and I have gotten very excited about potential travel to equivalent locals globally. Meaning, look for small towns in Costa Rico, Panama, Portugal, Montenegro, etc and stay for 3 months at a time. get to know the people and the culture. I have had the good fortune to travel quite a bit for work and vacations. But I have NEVER had a break longer than 10 days since 03/21/88 (first day on a "real" job) + +NOTE: +I am overwhelmed by the amount of support and very helpful and interesting feedback I have received. My intent was just to encourage others in their progress. I have gained much more that I gave through this exchange. + +Thank you all very much for taking the time to read and respond! +Electric vehicles, Shipbuilding, Aircraft at end of 2018. + +Commercial vehicles in 2020. + +Rest of auto market in 2022. + +https://www.reuters.com/article/china-autos-regulation/china-sets-timeline-to-scrap-foreign-stake-limits-for-auto-sector-idUSB9N1RH02H + +https://www.bloomberg.com/news/articles/2018-04-17/china-to-remove-auto-ventures-foreign-ownership-limit-by-2022 +As a retail investor my days are filled with countless hours of news reading, chart analyzing, mouse wheel scrolls, and many, MANY open tabs. Also, like many of you I’ve been through the mill with brokerages, trading bots, news data aggregators, and every other trading tool under the sun. + +That said, I'm still looking out for ways to optimize my investments and make more gains.As such, I’ve decided to put together a list of tools and resources that I consider to be the most valuable to me. + +If you have tools and resources that you swear by please share them in the comments. + +**My Most Used Trading Tools and Resources:** + +* Investopedia - The literal bible for Investors. Still visit it often. +* [Composer.Trade](https://www.composer.trade/) \- My go to for done-for-you investment strategies from the world’s top hedge funds and investors. +* Simply Wall St - Great in-depth DD with unique analysis factors. Helped me save countless hours trawling through reports. +* Wall Street Zen - Great for data visualization and automated stock analysis. +* Hype Equity - Measures social media sentiment and features the most discussed stocks on social media.. +* Optionistics - Simple options calculators and stock screener. +Edit: But honestly guys, just set several price targets, and sell on the way down. Don’t worry, we will have PLENTY of time to make our damn minds. Several days AT LEAST. See you guys at the moon! 🌝🚀🚀🚀🚀🚀🚀🚀🚀 +So they can accumulate your money to use as they please to manipulate the market and never have to worry about having to come up with your shares (until they HAVE to). They make billions off your money and feed you 10% crumbs of returns over time while you continue to fuel their machine with cash to help them continue their fuckery. + +Am I off here? + +The ultimate ponzi scheme of all ponzi schemes in broad daylight... and actually being TAUGHT. + +They didn't just got caught cheating in their game (as others have tried to call it out over the years), but a way to expose it just got revealed. + +100% DRS'd in the one value play in the market here 💜 +28M & 29F w/ 1 yo son. Planning to cruiseFIRE within the next few years. We are currently ~40% of our FI number, $350k, and currently adding 70k per year to our stash. I am a pharmacist which allows me to very easily transition from full time to part time work with minimal impact on my pay rate, but at the cost of losing health insurance. + +Our current plan is for me to work per-diem and work between 1-2 shifts per week and bring in ~$35,000 (or less) which will completely cover our yearly expenses. + +For a household of 3, making $35,000 or less would qualify us for a Silver plan from the marketplace at a significantly reduced cost and our son would qualify for our state's CHIP Medicaid plan. The marketplace does not even give the option of putting our son under our plan since he qualifies for CHIP. + +Feels odd to use a program for people in need when we are low-income by choice. Would anyone else feel guilty about this? +First of all, welcome! Glad to have you on the ship, after our standard ~50% correction this week, I just want to make sure no one makes the same mistake I did back in 2014. I see a lot of posts how people are buying in at $100-210 + +[I bought BTC from Coinbase](http://i.imgur.com/OQUlTPE.png) after realizing the hype from 2013, but when it fell from 800 to 500, I sold and told myself I wouldn't get involved again. Bear in mind I was in college making no money so the $100 loss sucked. If I had just left my BTC I would have made a modest $1,000 over 3 years. + +I decided 3 years later I would do the same stupid thing, but stumbled across ETH instead. After getting most of my positions in Feb/March, I'm glad I learned that lesson back in 2014, finding myself in the position I'm in today. ETH isn't going anywhere. Put anything in that you can afford to lose and forget about it. Don't panic at corrections and let your ETH sit in your offline wallet. +Ether could be at 750 tomorrow or it could be at 75. It doesn't matter. If you think Ethereum has a bright future then invest in it and hold on, optionally taking some profits as it goes up. Don't invest more than you're willing to lose and unless you have years of experience trading or have extraordinary zen-like discipline and rigorous strategy, don't even think about trading. If your emotions are telling you it's a good time to sell, it's probably a great time to buy, and when your emotions tell you it's a great time to buy, it's probably a good time to sell. +Im currently facing the issue that i wanted to withdraw some coins from bittrex, but i cannot due to bittrex withholding them from me. Due to verification issues but maybe to a bigger underlying issue. + +The whole story started with the introduction of verified accounts, i uploaded my details, got nothing to hide but what happend is following: +1. the verification progress got stuck +2. support tickets are unanswered since a month +3. bittrex slack is inaccessible for non verified users +4. twitter didnt do the trick either +4. (me) thinks, better drain 0.025 btc a day in case they go bust like mtgox +5. after doing that for some days +6. bittrex decided to downgrade me to 0 btc a day + +Did anyone of you experience similar things? Im feeling kind of uneasy about the whole thing, how would you feel? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +So I've been planning for financial independence/early retirement seriously since my early thirties. Technically I reached my financial "goal" in 2013, but still wanted to stick to my target age of 50 (I reached that age in July). I decided to stick it out to the end of the year for the potential yearend bonus, but due to corporate restructuring I was let go with a healthy severance package to boot! I'm a single dad (grown up and gone now), I do not live an extravagant lifestyle, and do not have a college education. Let 'Life - Part II' begin!! +I know there is depreciation, loan interest deductions, and the ability to write off many expenses, but I keep hearing about people able to write their paper losses against personal income and I am wondering what I am missing. I"m mainly looking for a very top level explanation that shows why from a tax perspective, investing in RE can be more advantageous than other investments. +Hi all, + +Recently bought a duplex to house hack. As it stands, I won't be living free with the market rent rates, but should be able to live pretty cheap, which is all I care about until I find another property. + +Anyway, my question is about how I should bill the tenants for water/sewer. The gas and electric meters are separate, but there's only 1 water meter, unfortunately. + +I'm single and have no kids, so it will be just me in one unit, then whoever shows up in the other. If it's a couple, the odds of them using more water are obviously pretty high, so I thought about doing it proportionately (2 in other unit, 1 in mine = 66% of the bill). That said, I'm not making money off this anyway, so I thought for simplicity, I could just charge them half of the bill and give them a copy of it monthly. + +This question also applies to miscellaneous charges like garbage and such, I suppose, though those are flat fees charged by the city. In general, what would you suggest I do in a house hack so it's fair and doesn't piss off the tenants? +Long story short is I bought my first trailer park. One of the houses is in the process of being condemned. Ceiling has collapsed, floor joists have failed, half the kitchen is destroyed... + +The tenant of the house has had both legs amputated and he is on dialysis. He is in a nursing home around 7 months but his family doesn't know which one(!), just what state (not the state we are in). So I have no phone number or any way to contact him. Sister is going through trailer taking what she wants to take. Sister said "I (sister) have permission to take what I want and throw away the rest". She has the key and is taking care of the dog inside. I'm not sure she will communicate with me if/when he dies. I have started the formal eviction process. Unfortunately I am trying to rebrand the park and his house is an F and literally the first one anyone sees. It really needs to go. Not that it is important to the issue since the house is being condemned but I haven't received any rent in the two months that I've owned it. + +I'm thinking rent a storage unit and pay for it for a year and move all his belongings there? It's all trash IMO, but you know one man's trash is another man's treasure. My fear is that he miraculously recovers to come home to find his home torn down. Further complication - he is not the home owner, just the lot renter. I have permission from the home owner to tear it down. + +How do I treat this as humanly as possible? What's the right thing to do here? + +Edit: I did reach out to my attorney, who suggested that we get something in writing from the sister, as some of you have recommended. It doesn't clear me of liability, but it creates liability for her. +EDIT: +I apologize for the formatting. I copied this from a google sheet on my phone. I had it straightened out by line item after copying to Reddit, but when I post it the formatting condenses it again. + +NOTE: We just had our inspection and sent a negotiation offer that requires: +1. They get a licensed contractor to diagnose and repair the seemingly minor foundation cracks. +2. They repair two leaking water valves +3. They give $5000 in closing concessions based on the other number of findings and age of roof. + + +Monthly Income +Expected Rental Income $ 1,000.00 +Laundry $ - +Storage $ - +Misc. $ - + +Total Monthly Income $ 1,000.00 + + +Monthly Expenses +Tax $ 119.00 +Insurance $ 125.00 +Utilities $ - +Electric $ - +Water/Sewer $ 50.00 +lead paint certification $ 10.00 +Garbage. $ - +Gas $ - +HOA fees $ - +Lawn/snow $ 60.00 +Vacancy $ 50.00 +Repairs $ 50.00 +Capital Expenditures (CapEx) $ 50.00 +Property Management $ - +Mortgage $ 264.18 + +Total Expenses $ 778.18 + + +Monthly Cash Flow +Income $ 1,000.00 +Expenses $ 778.18 + +Total Monthly Cash Flow $ 221.82 + + +Cash on Cash ROI +Down Payment $ 21,225.00 +Closing Costs $ 7,971.00 +Repair/Rehab Budget $ 5,000.00 +Misc.(seller credits) $ (340.00) +Price of property $ 84,900.00 +Total Investment $ 33,856.00 +Annual Cashflow $ 2,661.84 +Cash on Cash ROI 7.86% +Time to recover Investment (yr) 12.7 +Equity after 15 years $ 29,508.00 +Selling costs $ 8,000.00 +Income assuming no appreciation $21,508.00 +Year on year equity return 4.24% +Total yearly cash on cash return 12.10% +I’m a 39 year old college freshman who is seriously considering leaving the IT world behind and changing careers. My Comp I teacher assigned us a research paper that boils down to “what do you want to be when you grow up”, and I’ve always been sort of fascinated by real estate investment. I’ve bought two houses over the years, and for whatever reason I really enjoy the process of looking for houses and all the minutiae that goes into the transaction. + +That being said, I definitely don’t have the money to do any actual investing at this point, but I’m curious what other kinds of jobs are available in the general field and what people might recommend. I’m still in the early stages of putting this paper together, so I’m still trying to figure out what I do and do not know. + +I’ll say right off the bat that I kind of hate dealing with people, so I’m ruling out a career as a Realtor. I’ve looked into appraisal or maybe even doing something in development, but I think my ideal job would be to basically assist an investor - look at properties, run numbers, deal with paperwork, etc. I have no idea if that’s an actual job though, or how to go about finding such a job. + +Anyway, does anyone have any advice on possible career paths? Or know anyone in Kansas City who needs an assistant? + +Thanks! +Hi! + +I’m a student in college with no full-time work experience. I’ve had part-time jobs in the past and saved $20,000. A family member also loaned me $15K for a total of $35K which I’ve invested in Bitcoin, which is currently at $35K. +I bought 10 BTC at $3,400 which is now valued at $350K. I want to sell 3 BTC for $105K and rent out the other unit to help me pay the mortgage. + +I graduate in Fall 2020 and already have a full-time once I graduate and will be able to pay the mortgage 100%. + +How can I go about buying real estate property without income? Is that possible? +Looking for stories of how well, or not well, you did during recessions. Looking to hear interesting stories about things you learned during these times and the nightmares you had. +Hello! I've had my student loans on auto-pilot for years, auto-deducting the minimum of $265 from my bank account each month. I've just gotten a new job, and I'm ready to hit them harder and pay at least $500/mo towards my balance of ~$20,000 spread across 10 federal loans I took out throughout my undergraduate degree. + +Last year, Sallie Mae transferred my loans to "Navient", and the tools for managing my loans are a joke. If I pay extra on top of my regular auto-deduction, I noticed they moved my next auto-deduction date back to keep me "on schedule" for my 10 year plan. They're also automatically allocating "on my behalf" how to split my payment amongst the 10 loans which each have different interest rates and balances. + +The customer service rep said if I'd like to choose how to allocate my payment or pay more than the auto-deduct rate, I can stop paying online, and pay by check each month with a hand written letter detailing how much of my payment is to go to each loans' account number. This all just seems ridiculous. + +They're clearly gaming me by making it difficult to pay faster or smarter by limiting the tools available on their website, setting up hoops to jump through. The rates are quite low, and I'm not sure I can consolidate into a better rate, but I'm generally just irritated at the game. Any advice on how to kill these things? Happy to post balances/amounts if someone can help me strategize. + +-Greg +Edit: thanks for the awards :) + +I swear I’m not being paid to advertise. I have been using the Yahoo Finance website for the last while to keep track of some of my stocks (the ones I can’t get through my main broker because TD’s way of displaying data is needlessly convoluted). + +I just decided to download the app on IOS and it blew my mind because it put everything in one place. + +It lets you add a list of your favourite tickers so you can see them all on the same page in real time. + +After you create a list by adding your favourite stocks you can click on “list details” and there is even a customizable table where you can decide which details you want to see for your stocks (52 week high, day high, day low, volume, avg volume etc). + +It also lists upcoming earnings reports for your favourite stocks. + +And if you scroll down on any page it lists news articles related to the stocks on your list as well. + +Now, instead of doing frequent searches for all the stocks I’m following to get updates I can just sit back and let it all roll in (I’m still going to cross reference for a while because I don’t know how accurate they are). + +This is probably a bit random and I’m sure there are more experienced people who will scoff at this but it just made my day. +Hi, + +I'm looking for someone who may be able to help me. There are some free services online for people in my position that so far I have been a little intimidated about using. + +I have stage 4 pancreatic cancer and don't have a lot of time left so I have been working on getting all my things in order. I have a 401k with only about 15k in it. When I pass I'm sure my medical debt from 2020 will be a problem. From what I've been told the 401k would be an asset they could take to try to pay it. I would like it to be used for this current year's medical expenses, including if I may need to pay for room and board at a hospice facility. + +A little information about me that may or may not be helpful. I am 30f and was diagnosed December 2020. My cancer has left me unable to work and am currently on SSD. I have a husband and daughter and we own a home in MN, USA. I just gave my car to my sister and have no other assets or large accounts other than my 401k. + +I've looked into pulling the money from my 401k and was told there is an extra penalty for pulling money out before retirement age. But, I'm dying... shouldn't there be a way to avoid that penalty? Fidelity(my servicer) had no more information for me. + +Am I in the right place? + +Thanks in advance! +BTC supply is growing at less than 2%. + +Previous cycles it was ~ 4 or 8 %. + +90% is mined. + +BTC is now more scarce than gold, before it wasn’t due to the supply growth. + +That’s it, that’s the reason. No TA or anything dumb speculation over whether another country will adopt. + +Moon eventually 🌗 +Coming from a low SES background, I've always been stingy with money. I was very dependant on Youth allowance for basic things (transport, food, uni textbooks etc.) as parents couldn't provide much beyond the rent/bills (and even then I contributed some of my youth allowance and when I got a casual job, contributed that as well). + +Well my circumstances have changed a lot since only a short time ago. I'm 22 and live alone now (mostly due to family problems, but I prefer the independence anyway). I work full time on a relatively good salary ($75k) and am completely independant. I have around 35k in savings plus around 5k in ETFs, planning to put more. I'm so grateful to have so much freedom financially compared to before where anything beyond a necessity I would not dare to consider. + +In these improved circumstances, I'm still quite stingy. I have loosened up a little with spending, but I feel a lot of guilt. + +Generally when I get paid I put 50% into savings, 25% goes for rent, and the remaining is everyday stuff and other bills (groceries, opal card etc). Some variation but that's roughly my expenditures. + +Recently there have been a few things I've been wanting that are pricey. One of which is $250. Not a need at all. Completely for leisure/luxury purposes. I think about it every time I go to the shops. I think, "Should I buy it? No, it's so expensive. You don't need it. But it has these nice features... No, it doesn't matter, you don't need it, don't waste your money." + +I don't know how to make these decisions. I feel a lot of guilt. I'm also afraid that if I start buying more expensive things, I will get used to the luxury ("lifestyle creep") and start spending more in general. + +Has anyone experienced this, and what is your personal viewpoint? +One mechanism to minimize taxes is to harvest free long term capital gains. In 2016 if you were in the 15% tax bracket you could harvest long term capital gains and pay zero in taxes. For a married couple filing jointly in 2016 the 15% bracket was $75,300. Note that if you are reducing your income by contributing to a 403b, a 457, an HSA and traditional IRAs, a married couple may be able to get to the 15% tax bracket even with a six figure income. + +How does harvesting gains work? + +Let’s say you had bought Vanguard Total Stock Market (VTSAX) for $20,000 in 2014. In 2016 if it was hypothetically worth $30,000 you would have a basis of $20,000 and $10,000 in unrealized long term (> 1 year) capital gains. If you don’t ‘harvest’ then at some point you may have to pay taxes on your gains. By harvesting the gains you can reset your basis higher, thus potentially lowering future taxes. If after selling the fund and harvesting the $10,000 (which counts towards your income) you are still in the 15% tax bracket, you get a ‘step up in basis’ for free. + +It is a bit complicated but there are resources around the web. Disclaimer, this is not tax advice and I am not a tax expert. + +As pointed out in comments, there is state tax and other caveats below. More info here: + +https://inthewheat.com/2017/07/21/capital-gains-harvest/ + + 1) You only get the free harvest on long term capital gains (held longer than one year), not on short term gains. + 2) The gains you harvest count towards your income, and thus affect how much you can harvest for free. + 3) Harvesting capital gains can impact state taxes. Since I live in Washington State which has no state income tax, that doesn’t affect me. + 4) If you buy a different mutual fund like I did after you harvest your gain you may realize an unqualified dividend on the new fund you buy, that you have to pay taxes on. Thus if you’re going to sell and buy a different fund, avoid buying within 61 days of a dividend distribution so that the dividend is qualified. For Vanguard funds that pay dividends quarterly that means you can harvest a few days after the distribution and buy the other fund more than 61 days before its distribution date. For example in 2016 Vanguard Total Stock Market Admiral Shares (VTSAX) and Vanguard S&P500 (VFIAX) had their distributions on Sept. 9th. Using the example above one could have sold $30,000 of VTSAX shares that were long term with a basis of $20,000 on Sept 12th, 2016 and bought $30,000 of VFIAX thus harvesting $10,000 in capital gains. The next distribution date for VFIAX was December 20th, 2016 so the dividends from the new purchase would be qualified if you held the fund for more than 61 days. I realize that VTSAX and VFIAX are not equivalent, but they track so closely that for me, I am comfortable holding either. + 5) This is a big one. Harvesting long term capital gains interacts with other income events such as a Roth conversion or dividends, so make sure you understand the big picture. For 2017 I used tax software to estimate how much I can harvest for free, rather than trying to calculate it by hand. + 6) You have to harvest within the tax year. You cannot wait till the next year after you know your exact income to find out exactly how much you can harvest. + 7) If you purchase health insurance using the ACA (Obamacare), harvesting gains can increase your income and therefore decrease subsidies. + + + +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Recent U.S. trade actions severely damage the multilateral trading system and disturb the international trading order, China's commerce ministry said, urging Washington to resolve its issues with Beijing to avoid harming the bilateral relationship. + + +Well, that's what I get for getting in at ATH, but, I'm glad I'm here. + +Hey folks. 3 years long in BTC. (I forgot I had any. When the price went up over $2,000, discovered some that I hadn't sold years ago in a fit of poverty.) + +Started reading, and discovered ETH. + +I'm out of BTC entirely, now, and into ETH 100%. + +I just don't see how the flippening will not happen. It's a pretty clear trend. + +I guess something new could come along that could stop the trend, but frankly, I think new developments are far more likely to hurt BTC than they are to hurt ETH. + +The biggest thing that got me to switch, though, was the inability for Bitcoin to get anything done because of Jihan and his bunch of miners in China who are preventing anything from changing. +They're doing all sorts of gyrations to work around the guy. + +Frankly, he feels like an organized crime syndicate that has moved into the neighborhood. He wants to keep charging crazy fees for BTC transactions and won't let the BTC community make the changes necessary to increase capacity and keep fees reasonable. + +"Nice little transaction you got there. Be a shame if anything were to happen to it. For a small fee, we can guarantee your protection." + +It feels like organized crime has taken over the BTC neighborhood. Because of that, I've moved to a new neighborhood. + +In the future, ETH has shown that it has the flexibility and capability to deal with new threats. BTC can't even deal with obvious problems with obvious solutions. + +So, despite BTC's little runup right after I sold, I'm glad to be here. + +I think my story is not unique, either. I think a lot of money is going to flow out of BTC and into ETH. + +Everybody has heard of BTC. Almost nobody I know has ever even heard of ETH. + +When BTC becomes the also-ran, the news will be full of ETH stories which will further drive up interest. + +Anyway, I hope we're all rich in a foreseeable future. I hope the BTC HODLers are rich, too, but I just don't feel good about their prospects after the flip. + +Right now, what BTC has is first mover advantage. They're bigger, better known, etc. But once they're no longer bigger, they'll have nothing going for them at all. They'll be slower, more expensive, and under the control of the equivalent of Chinese organized crime that won't ever let it improve. + +I think BTC is Yahoo! which was an amazing investment until the turn of the century. ETH is the clear Google, here. + +Most importantly, ETH has both the will and capability to improve over time. BTC has neither. + +(And just to add, no, I'm not insane. I don't expect profit in one day. But I'll breathe a lot easier when my stake in ETH exceeds what it would have been if I'd stayed in BTC.) +I've held Ether since before the fork and I plan to hold for a while longer. I have a more philosophical question around long term holding and when to determine to sell. I hold over 100 ETH purchased well below the current spot price. + +Personally, I got involved in cryptocurrencies for your typical BTC reasons (distrust of government, fiat etc). Assuming Ethereum does revolutionize the way the web works, would it **ever** make sense to sell? + +If ETH and other altcurrencies are the currency in which this new economy operates, why would it ever make sense to sell for fiat? Why would it ever make sense to cash out or even buy goods and services with ETH if the price is highly likely to increase? + +Example: I attend a weekly meetup here in Austin hosted by Factom and one of the founders bought a Tshirt for 20 BTC in the early days of bitcoin. 8 years later, I'm sure it's a regrettable transaction. + +The implications of blockchain are huge and I'm not convinced it makes sense to ever cash in for fiat in the next few years. I have no plans to sell my ETH in the next year or 2 but I'd like to get the thoughts of anyone else who has been wrestling with this question. + +thanks. Love this subreddit and hope it continues to be a positive and informative community as ETH grows. + + +I moved house last July and arranged to close the energy account (with EDF) for that house and pay a final bill. Shortly after I got an email with a link to make the payment. + +In a rush I paid only to realise that the amount and my name and address were misspelt in the email. I thought it might be fraud so told EDF (who said it sounded concerning and they would look into it) and my bank (who recalled the payment). + +A few weeks later EDF said they had checked and that it wasn’t fraud just a bad email. They gave me a cheque refund for what I overpaid. I told my bank who said that now I had confirmed it was a legit payment it would go through again. + +Start of Jan this year I suddenly get all these emails and calls from EDF saying I haven’t paid. I called my bank and they said the money has definitely gone to EDF and my account statement clearly shows it has left. + +When I tell EDF this they say they can’t find it. Meanwhile EDF has “sold my debt” to a debt collection agency who send me threatening calls and letters. + +Now I feel stuck in the middle- I’ve had lengthy calls with EDF and my bank about 5 times each at least. Each insists that they are 100% the money is/isn’t there and that I need to contact the other about it. Plus, each time I call it’s a new customer service person and I have to spend ages going over the whole story. + +Right now I just feel like ignoring EDF and the debt firm as I reckon they can’t be asked to take it to the courts. + +**Is that a good idea? Has anyone else experienced something like this?** +Hi, I ordered a xps laptop of dells website worth £2000 for my work as I am working from home. It was supposed to be a next day delivery and I was working from home all day with a view of my front entrance out my window all day. UPS marked it as delivered even though no one had knocked or anything. I have asked for a proof of delivery and dell has been unable to provide one. The way things are going with Dell right now (f\*cking horrible customer service) it seems like they are simply going to deny giving any help/compensation or reshipping one. + + +I bought the laptop on 12month 0% interest rate offered by Dell through Paypal. From what I have heard/read online paypal only sides with customers who have been with them for a long time, and this is my first uk account purchase with them. (I had a swedish account which has been used for over 6 years but I was unable to do a monthly payment setup through that) + + +I have only been charged for one month so far and I am wondering whether it would be possible to dispute the charges with my bank Natwest. I know it is possible to chargeback single payments, how would it work if I am disputing a monthly payment credit? Do banks allow this? or do I have dipsute the full £2000 amount at once? I have never done chargebacks and wondering how it all works (I have only lived in uk for 5 years). + + +Any general help/insight is much appreciated. +We have some of the best universities in the world yet we barely produce any tech companies at all. The only major tech company we created was ARM in 1990 which we later sold to Japan's Softbank. + +To put this into context, the 3 largest UK companies are Shell $184b (oil), Astrazenica $168b (pharma) and Linde $131b (gas). + +Compare that to the top 3 US companies Apple $2.5t (tech), Microsoft $1.7t (tech), Google $1.3t (tech). + +Like why is the UK incapable of creating tech companies I don't really get it? Why is Apple, Microsoft, Google, Amazon, Tesla, Visa, Nvidia etc etc all American? If the UK has some of the best universities in the world, why are we not producing any tech companies like America? + +Our largest tech company is Sage which has a laughable market cap of just $9b. Microsoft could buy them out using change they found down the side of their couch. +Title says it all, but I want to follow the rules. There's a change.org petition to change the FINRA day-trading rules, wanted to share it. Day-trading shouldn't be restricted based on how much you're willing to invest. Most of us already know not to invest anything we're not willing to lose. + +&#x200B; + +[http://chng.it/PpyX9YpW29](http://chng.it/PpyX9YpW29) +The website functionality doesn't appear to have been updated in about 20 years? At a minimum, the layout, search and sorting functions could be updated. + +I would think that the govt would want to make it easy for people to search corporate filings before making investment decisions? Is this a function of corporations lobbying the govt against updating the SEDAR website so that it is difficult to find information? Is the govt being lazy; or, are they trying to make it difficult for people to sort through the filings for a reason unknown to me? Just curious. The US EDGAR website is modern. +Hey all, + +I'm brand new to investing, just opened a TFSA and put $2000 into it. I'm 28 and looking to start investing. My main problem is the constant thought of "its totally possible for me to turn this $2000 into $5000+ in a year" + +Which I'm I'm sure isn't realistic. So I'm wondering the best way to invest so I can see growth / ROI ( I'm assuming growth is far more important at this stage) +In a year + +Which ever way you recommend I'd really appreciate an estimate on growth/ROI to really temper my expectations + +Thanks all! I'm loving this sub any time I post I get 20+ replies of helpful kind advice +One of my family members was recently lured in by a financial adviser who made extravagant claims to them. I asked to see what they were invested in and after investigating, their money was placed in dozens of mutual funds - mainly just variations of Canadian index, US index, and the World index - but all with MERs approaching or exceeding 3%. + +I tried to tell them they were paying their adviser and mutual fund companies close to 20,000 a year, when they could be paying a fraction of that with index funds. + +So off they went to their adviser, who convinced them I must be a novice investor who has no idea what I'm talking about. He said they dont pay him a dime and it's actually the mutual fund companies that pay him. + +Now they're happy thinking they don't pay anything for their investments and think I'm totally clueless about investing. + +Is there any recourse against a financial adviser who blatantly lies to their client? + + +The other day I was reading about a few people who have no income except eligible Canadian dividend income, so they're able to retire tax free with $50,000 per year coming from non-registered accounts. This is due to the preferential treatment of Canadian dividends which are tax free in lower income brackets. So let's say somebody was able to do this, but they ALSO maxed out their TFSA. Lets say this person had grown their TFSA to 400k and were making 10-20k in additional income from dividends there. Does that not mean that a person could essentially have a tax free income of 70k+ by combining non-registered and TFSA? Again, this is assuming they have no other income. Is there something I'm missing here? +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +I’m sorry if this is a bit of an emotional rant but I feel like I’m completely out of options at this point. + + I’ve been living in an apartment with someone I consider to be a very close friend of mine. We got a year lease and for the first few months everything was fine. About 4 months ago she told me she was having money problems and asked if I could cover for her part of the rent. I’ve known this girl for years so I said yes (like an idiot) and 1 month of covering for her turned into 2 then turned in to 3. Finally during the beginning of July I put my foot down because I literally didn’t have anymore savings and said I can’t cover for her anymore and she needs to pay her portion this month plus what she owes me or I’m taking legal action. She agreed and electronically paid me $2,800 ($700 for each month she didn’t pay) and I thought that was the end of it. + +This morning I got back from work to her being completely moved out of the apartment and a chargeback on my account for $2,800. I frantically tried calling my bank but since we used a 3rd party money app they said to contact the app instead which has so far been useless. I’ve been trying to get in contact with my roommate non-stop but it appears I’ve been blocked on everything. She has a step-brother who’s number I have but he hasn’t returned any of my calls yet. I have no idea what to do and have been freaking out/crying all morning. I live paycheck to paycheck and after covering rent for my roommate the past few months my savings were all depleted. I desperately needed that $2,800 for bills, food, medicine, etc and now it’s all gone and I have less than $50 in my account. I feel totally cheated and scammed by someone I thought I could trust. I don’t make enough on my own to pay the bills so I’m really desperate as to what to do. +I want to start saving and really get myself out of this damn cycle, just like many of us on this sub. Whenever I end up having extra money I know I can apply to things in the future, I put it in in my savings but end up justifying using it and then begins the cycle of not saving and begin incredibly angry with myself. I want to know what can I do to mitigate this and really begin to build a better foundation for myself and my girlfriend. +As the title suggests. Do you guy just invest and not bother looking for half a year. As although I'm not worried about my investment and its for long term I wlstill check my S&S every day. + + +I check my bank often even though I know what money it in there. + + +I am constantly looking online at ways to save and advice and such.... But it does kinda stress me out. +Monzo have become the world’s first smart bank as they have integrated If This, Then That (IFTTT) into their banking technology, which launches today. + +IFTTT has nearly all internet based services linked into it, from social media to slack bots and smart home devices to Google calendars, but up until now, no financial services. + +Read the full post by 11:FS here: + +https://11fs.com/blog/worlds-first-smart-bank-monzo-release-ifttt-integration/ + +Watch our interview about this with Simon Vans-Colina from Monzo: + +https://youtu.be/g7iYiW_kEbs + +What do you think about this integration? Does it open up new avenues for digital banking, or is it innovation for innovations sake? +Hey all, with multiple corporations announcing that America and likely most of the word is about to head into a recession/economic downturn in the not too distant future. What are your thoughts about what it will mean for the average joe, first home buyers and investors alike here In Australia? I am definitely not the brightest in terms of the economic space however have a great interest and would love to hear what people are thinking about what will happen and how that flow on affect will effect the different groups of people we have in this group. +**BUY: $NMCI $NMM $DAC $ZIM** + +Rates for containerships (the ships which carry thousands of the 20-40’ boxes you see on railroads and trucks) have been going ballistic the past 4-5 months, but the stock reactions have been mixed. + +Link to containership rates: [https://harpex.harperpetersen.com/harpexVP.do](https://harpex.harperpetersen.com/harpexVP.do) + +I’m currently long about every name possible in the sector including $NMCI which I’ve owned for a bit over a year and doubled down hard into last summer at $0.70-$0.80. + +Even after the huge surge in the stock price, the enterprise value to EBITDA valuation metric has barely moved since cash flows are being net debts down rapidly while 2021 projected EBITDA has nearly tripled. + +Containerships aren’t like tankers and dry bulk vessels which normally just get 60-80 *day* voyages. These ships are typically contracted for 1-2 or even 3+ years. So when we talk about 2021 EBITDA, they’ve already locked in about 80% of it and over 50% of 2022 rates. + +I’ve covered the shipping sector extensively on Seeking Alpha for nearly 10 years and am also on Twitter (@mintzmyer). I figured I’d open up a conversation here and see if anyone is interested in the sector. $NMCI still trades for an unbelievable P/E of under 2x. + +Nick First (@allthingsventured on Twitter) has recently written a new article on Navios Partners with his own financial projections: + +[Article on Navios Maritime Partners](https://seekingalpha.com/article/4402328-new-navios-partners-favorite-play-for-supercycle) + +I believe we’re just getting started here. For my disclosure, I’m long nearly every name in the space- $ATCO $CMRE $CPLP $DAC $MPCC (Oslo) $NMCI $NMM (they own most of $NMCI) and mostly recently: $ZIM. + +I have about 10% of my wealth in $NMCI/$NMM. Average basis in NMCI is in the very low $1s after buying a lot this summer at 70-80c. +Hi all, + +After some discussion amongst the mods, we wanted to make a post in regards to the recent donut farming activity and other things that have popped up. These issues have been brewing for awhile and it’s good to get it out and talking about it. + +We suspect (and have suspected for awhile) that several members are part of “upvote groups”. These groups operate by doing things like: + +* Comment spamming and upvoting each other en masse. +* Going into old threads and having conversations where they think it is harder to detect. +* Changing the flair on their old Comedy/Media posts to try and get more donuts. + +On JohnFrontino/SacredHam specifically, they could be the same person, but they could also very well be two friends that have been working closely together. Regardless, we believe that they have likely been involved in farming/upvote schemes of their own. + +We have made some bans in the past week where we thought things were especially egregious and have a number of users that we are going to have to continue to watch. So this serves as a blanket warning-before-ban to anyone that has been doing upvote collusion. You know who you are. We likely know who you are. Just post good content, get donuts. Life is good. + +Looking to the future, banning offenders on a case-by-case basis is of course a tactical move that can always be made, but it is not going to stop farming problems in the long run. Banned users can of course always come back under new accounts. So the best way forward is to address the problem via the distribution algorithm. Some thoughts on that: + +* The majority of upvote farming has been happening in comments. The recent proposal that passed essentially reduces comment weight by 50% going forward. +* The same proposal added tipping-curation and should help reward quality content. If you see someone put a lot of effort into a text post, tip it! If you see a good OC meme, tip it! As a recent example of this (hopefully) working, I wanted to highlight [this thread](https://www.reddit.com/r/ethtrader/comments/pnr88u/nfts_explained/). It clearly required effort and planning and it received 8 tips - this should help reward this post under the new system quite a bit. And the best part of tipping, you will get donuts back in the next distribution for doing it. +* Reddit has some new tricks up their sleeves and is working on some changes to help all Community Point subreddits better combat these types of farming. +* We now have a system in place that notifies the mods when someone changes the flair of a post away from Comedy/Media/Self Story. You're not being sneaky! +* Many members have talked about the possibility of normalizing distributions or applying diminishing returns after a certain point. These solutions would effectively lower the ceiling, but raise the floor for monthly donuts. Most people seem to be in favor of some form of this. For something like this to pass, it of course has to go through governance, but keep your eyes peeled. + +Thanks for going through the donut experiment with us. Together we’re doing things that have never been done before. I think it's pretty exciting, but it will always be a learning process and will always require tweaking. +Those who are mulling over a hard fork solution to parity... dont even go there. Ethereum is way too mature now (compared to DAO times). A hard-fork will MAJORLY hurt ethereum's credibility. +I would like to know what the people of ethtrader are planning on doing with their holdings of ethereum in the lead up to bitcoins potential fork. +The reason being I am still undecided on the whole situation and how it will affect the price of ethereum, I would like to hear your perspectives and reasons why you are going to do what you are doing. + +HODL - probably easiest and safest option. I don't think it will happen because most BTC investors would move to fiat as a first option but I can't not help to think that BTC investors would want to move their holdings to another coin potentially as they can see bitcoin may not be the dominant coin in the near future? + +Sell - you think bitcoins price will directly affect ethereum because bitcoin is essentially the dad of all the cryptos. You want to sell high and buy low + +Buy - buy dat mfukin dip (if it dips at all) + +Trade - wait till the day and see what the markets are doing and trade accordingly +**Concourse is an Open Community of builders, researchers and enthusiasts. Every Tuesday we write up some of the research shared on ConcourseQ, our community’s token due diligence resource.** + +**Check out what the community pulled in this week:** + +**KSystems -** [**https://concourseq.io/Q/KSystems**](https://concourseq.io/Q/KSystems) KSystems’ whitepaper starts with a fake Harriet Tubman quote, and goes on citing their goals: Dapps, CAD Software, Supercomputers and even a University all without any qualifications or clear whitepaper description and a company that was just incorporated in April 2018. + +How does the company intend to create value? Well, the whitepaper also tells investors to “Hodl” to increase token value. This might be the only winning scenario for KSystems! + +**Rubius -** [**https://concourseq.io/Q/Rubius**](https://concourseq.io/Q/Rubius) Rubius has one of the most under-qualified teams attempting to create a crypto wallet and exchange platform. Their incompetence is clearly demonstrated by the fact that they shamelessly copy Venmo’s UI on their boring mock-up and go on calling that an MVP. All the while the CEO, who seems to have named Rubius after his family name Rubin is comparing himself to Jeff Bezos! + +**Cryptov8 -** [**https://concourseq.io/Q/Cryptov8**](https://concourseq.io/Q/Cryptov8) Cryptov8 would need a banking and a cryptocurrency exchange license to be able to operate, but they were not even able to keep the UK consumer credit license they got in August 2016. The fact that they have 12 Advisors was not helpful at all especially with the infamous ICOBench serial advisor Simon Cocking with alleged hundreds of “active” advisory roles. + +**Podbum -** [**https://concourseq.io/Q/PODBUM**](https://concourseq.io/Q/PODBUM) Podbum seems like such a disorganized project that it had to be our featured project of the week. See all the list Red Flags through the link. + +**Here are some bad projects from previous editions of TTT that will start their fundraising soon:** + +**ACA Network-** [**https://concourseq.io/Q/ACA\_Network**](https://concourseq.io/Q/ACA_Network) ACA Network is an online advertising platform that wants to restrict the trading of their token to their exchange. It is clear that the team lacks the experience to be able to build such an exchange, and doing so would really hurt the liquidity of the token and thus damage investors. They are also touting partnerships with still unreleased projects, while they lack an MVP or code development. + +**Permian -** [**https://concourseq.io/Q/Permian**](https://concourseq.io/Q/Permian) Permian is a normal oil drilling business that has nothing to do with blockchain tech, and does not need a token to function. Not to mention that it is being conducted by a ghost real estate company that has no completed projects under its belt, and just an amusement park refurbishment announcement in the UAE. + +**ExtraLovers -** [**https://concourseq.io/Q/\[NSFW\]\_ExtraLovers**](https://concourseq.io/Q/[NSFW]_ExtraLovers) ExtraLovers’s seems to have just 2 team members with no prior blockchain experience to support the project. The 22x projected increase in revenues in 2 years seems totally unfounded and unrealistic, while the 94% bonus to early investors seems like a dump waiting to happen. + +**TrigID -** [**https://concourseq.io/Q/TrigID**](https://concourseq.io/Q/TrigID) Project is aiming for a $2B valuation for it’s token sale, and is seriously advertising a $380 BILLION value by 2020! These astronomical valuations for a project that still has no public code shows how much the project team is disconnected from reality. + +**Autoblock -** [**https://concourseq.io/Q/Autoblock**](https://concourseq.io/Q/Autoblock) With a questionable team at least, a non-functional website and an address that seems to be fake, Autoblock has really slim chances of becoming a reality. Even if it did, the idea is less than average and 40K ETH is a huge budget for a car sales platform that accepts crypto. + +**Orca -** [**https://concourseq.io/Q/ORCA**](https://concourseq.io/Q/ORCA) Orca wants to become the “One token for your entire crypto world” yet it still has no publicly available development and the alleged MVP is nothing but a mock-up showing the UI. This is really problematic as the project already has 40 team members including 11 advisors. With such a big team you would at least expect to have more results. + +**The ConcourseQ team would like to thank everybody that helped on these DDs and all the others!** + +**If you want to join our community, meet us on our Discord:** + +[**https://discord.gg/22E3YvP**](https://discord.gg/22E3YvP) +Whales are grabbing tokens on sale during the last couple of days. This whale alone has bought 100000 Matic tokens. +https://www.whalestats.com/transaction/ethereum/0x0612f005ca003903d7bb400dbe82d7d39ab8adf5a6f7af9feb8c5e5f57edd9e4 +Worth of $15M Matic have been bought by eth whales in last 3 days + +Are we going to see a bull rally or it's just a trap? +I work with a team of programmers who believe in the blockchain vision and are passionate about growing this new and exciting asset class. We all have finance backgrounds but recently chose to follow our interest in this space by starting a cryptocurrency hedge fund. One of the cornerstone exchanges we want to use is Poloniex due to its liquidity; however, three weeks ago they shut down our test and primary accounts because they were not linked. I have messaged support about this over five times during the past three weeks with no response. Meanwhile we have been coding, pitching, etc. and have raised over $1M in capital that we would like to exchange on Polo if they would only respond to our ticket. We're interested in bringing millions of dollars of traditional investment capital to blockchain assets, primarily Ether ;) , but as ridiculous as it is we are now being held up by account linking and corporate account migration... Can someone please refer a member of Poloniex to this post? +Every time you use the TenX card won't you have to report capital gains on your assets that are stored on there? Sorry if this is ignorant, but it seems like it would be a nightmare if you're purchasing a lot of goods via BTC or any other digital asset since the IRS classifies these tokens as capital assets. + + From +https://bitcoin.tax/faq + +> +**Classification** +The IRS are treating Bitcoin as property. Any gains made from the sale of personal property are subject to capital gains tax. + +> + **Tax Events** +Tax is potentially due when a tax event occurs. For Bitcoin, this is whenever they are converted into fiat currency (e.g. US Dollars) or equivalent. This includes selling on an exchange, selling to another person, or buying goods or services. +Each taxable event may create a gain, and as such you need to know the date, cost basis, sale amount and any related fees. + +(For U.S Citizens) +My positions: + +UPS 170c 10/23 +UPS 175c 10/23 +UPS 190c 11/20 + +My question is, when do I sell? I am not coming at this from a greed standpoint, but rather a, “when would it make sense?” + +I have never held a contract near expiration that was ITM (always sold beforehand) so I have no experience with it and cannot really get info on it. With ITM, why would the premium not go down as it approaches expiration? What benefit would someone have buying an ITM call a day before or the day of expiration? + +Would it not make more sense to hold an ITM position if you have the cash to cover it? +I recently read a long theory on here about how the market makers are the victims of a [vast global conspiracy](https://imgur.com/gallery/ZESV9) designed to tank the US stock market… + +Two words: Occam's Razor. Why does it have to be some massive conspiracy, and not just that greedy MM are caught with their pants down in a bubble? It's been no secret for many weeks now that this COVID19 shit is only going to get worse and cause major economic issues. If MM were such geniuses they would have utilized the entire MONTH they had at all time highs to hedge and prepare for this once they saw what was happening in China. But they didn't, they were too busy gargling Trump cock, writing as many puts as they could during an election year, and instead got bent over and plowed by the WSB autists. + +This extremely unique event has provided something no other market crash has EVER done - a HIGHLY predictable timeline of the fallout of the damages. It is as if scans detected an asteroid hurtling towards Earth and calculated it would arrive in exactly 60 days, yet the MM sat on their hands greedily and waited until day 30 to do anything at all. We've all [seen the graphs](https://twitter.com/WSBgod/status/1238512082250653696?s=20) +about how quickly the stock market is falling compared to the past, and the rapidity of the modern financial world where information has been democratized is something their models did not account for. Someone always has to be the loser, and this time it is the infallible MM who failed to assess risk properly. + +People like to look at the MM as some invincible geniuses who can't be beaten. WRONG. I beat them every single day, and I have beaten them for over 4 years straight now, continually transferring money from their pocket to mine. You don't have to be a genius yourself to beat them (although it can certainly help), you just need to know their strengths and weaknesses so you can wage asymmetric financial warfare against them. You will never react to headlines as quick as them, you will never scalp arbitrage like they can, but you can absorb information and use that to deduce predictable human behavior like their algorithms can only dream of doing. + +Stop making excuses for the MM failures. They are not gods and they can bleed just like you. I know it's sad the poor ol' MM lost so much money to WSB, but in my eyes the MM are just getting a harsh lesson in "The market can remain irrational longer than you can remain solvent." +I asked the question a while ago whether or not I should totally clear my credit card debt in one go and after you advised me definitely yes i should, I finally cleared my balance in full today. I want to just say thank you to everyone on this sub for giving me that final push I needed to go without for a while to clear it. Thank you! +Let's say you have a target lifestyle expense per year of 300K when you are financially independent and/or early retired. Is that 300K what you should be spending today, while getting there, i.e., enjoy life while working, then enjoy life equally as well while retired? Or is your prevailing recommendation to live like you're low middle class/ poverty like the leanFIRE people, while shoveling away all excess cash into investments to get to the target fatFI number ASAP? + + +For example, for my wife and I, in 1.5 years time when my wife finishes her training and also becomes a full fledged attending physician, we expect our household income to rise to 800-900K a year. We have children planned (one already on the way), haven't yet bought a house, and both have A LOT of delayed pent up gratification needs/wants. + + +Would it be reasonable for us to spend 300K a year at the income jump, while investing the rest? + + +Or should we still live like low-middle class spending \~100K a year as we are currently, to get to our fatFI goal asap? + + +The difference in time to fatFI would be significant, 14 years while spending 100K/year versus 20 years while spending 300K. + + +EDIT: + + +**Seems like a lot of folks here are easily triggered, jealous or salty as fuck. In a fatFIRE sub of all places. I am not ‘out of touch’.** + + +I grew up with siblings with my father as the sole provider making 60k. I lived like an impoverished student in college, med school, residency, and last year as a first year attending. I took out loans to cover living expenses. There was no possible financial support from family. I have zero windfalls or inheritances that helped me out along the way to get to where I am. There was no networking/lucky connection that allowed me into medicine. All I have earned is what I worked hard for. +I have been thinking a lot about longevity lately, after having read Harari’s Homo Deus, and specifically about the relationship between wealth and longevity over the next 50-100 years. Full disclosure, I have already seen the impact in my own life, first by not being appropriately diagnosed at birth (due to being born in a poor rural part of a 3rd world country)  with a congenital defect that probably would have caused early death. Next finding out about it and getting treated by some of the best doctors in the world due to a job that gave me excellent healthcare and ability to handle high copay. So sure, maybe I am a bit predisposed to overweight what money can buy ito medicine. However, given people on this sub are probably some of those who will be best situated to benefit from what I think will be large advances in life extention biotech, I thought would be interesting to get a bit of feedback. +  + +Keep in mind there is a fundamental shift happening from treatment to optimization in medicine, so IMHO until we start running into the current ~120 year ‘max’ we will continue to see drastic increases in both total lifespan as well as active middle life – I know a ~70 y/o guy worth a tidy half billion who most people would judge to be 40. +  + +As a starting point, the average life expectancy (LE) between richest and poorest is already ~5years and over the past 15years LE for the top 1% has apparently increased 0.2years per year. If you think this rate of improvement will remain stable or, with the amount of research currently being done, increase, many of the members here could well be looking at 100+ reasonable LE. A few thoughts on how this affects FIRE: +  + +-          Obviously it is impossible to see how this will develop but it’s safe to say the more money you have, the more you will benefit from new tech. + + +-          At the core of FIRE, imo, is the idea that our lifetime is roughly set and most people (stupidly) trade this finite time for frontloading consumption. FatFire puts a bit higher emphasis on what you can do with that time, so justifies spending longer in a (often more satisfying) career to have a better life upon exit. But if being ‘rich’ already broadly buys extra 5 years, including those who do not actively try to push for this, and we can expect this gap to keep increasing as more resources are directed to longevity research, this surely creates a powerful argument for FAT instead of normal or lean FIRE? + + +-          How bad is living in a polluted city, working long hours at a sedentary job, for your health?  Where is the trade-off point where better healthcare money can buy (along with improvements during your lifetime) and possible years you can add to your life outweigh the time spent/negative impact on your wellbeing now? Obviously impossible to answer given we don’t know what advances will be but one to keep in mind.. + + +-          If the technology really does advance a lot, where will this end up on the affordability spectrum? Even if you are happy with the lifestely ie $1-2mio can buy you, if you can keep working for another X years to double that and extend your effective middle life and push back death by some %X years, surely this will be worth it? I do think something this will play out in the next few decades so, let’s say you save an extra $1mio and use the 40k annuity to design a cutting edge longevity plan for you and your family – even if you don’t believe all the hype, surely this will on average add at least a few years to you and your family between now and the late 21st century? What if this number is $200k annually? + + +-          Are any of you already focused on maximizing you and your family’s longevity? Other than regular screens, top doctors, avoiding ingesting chemicals and possibly moving a clean part of the world, what else are you doing? + + +I've been searching through old posts and noticed that there are quite a few "side hustle" posts about things that people here do to earn more income outside of their normal job. For those of you that have a side hustle, I have a few questions: + +1. How much time do you put into it per week? +2. How much money do you make per month on average? +3. How long have you been doing it for? +Its possible that GME could get their first positive earnings in 2 quarters from now with (1) decreasing SG&A like last quarter by closing some european stores that are cash flow negative, (2) by getting priority in consoles inventory from Sony and Microsoft (which already has) and (3) with fully operational NFT marketplace ontop of a start of crypto bullrun + +Icahn said he is targeting a long position but cant disclose in which company until after the earnings report after beeing seen with RC in the photo just weeks before. + +RC has a lot of money from BBBY and AAPL sold position and still a long way to his 20% ceiling in GME + +GME has 100 million available for share buyback + +In 2 quarters retail will lock 32M extra shares minimum to a total of 120M leaving 34M left for RC Icahn and GME buyback. Retail locked 15 million in 2 quarters, 20 million in another and 17 million on this one. So 16 million\*2 isnt far fetched. + +34M shares is just a billion in capital at $30 which is peanuts for those 2 billionaires together with GME 100 million + +Tell me what you think +My wife and I are early-30's with 4 small children. I'm selling a company and will net (after taxes/charitable contributions/etc) $5-5.5m. (Queue "Five's a nightmare" from Succession...). + +We have a passive income of $60k/yr and our monthly spend is about $12-14k. If I say goodbye to the workforce we'd be at an SWR of 2.2% using the more conservative numbers here so I feel comfortable taking the leap. + +Does anyone here regret jumping out when they had a lot of career momentum? I plan to build another company in a few years when the kids are older but would love to hear from others who took a similar path. I know starting over in \~5 years won't be as easy as it would be today, but you never get the early years w/kids back! +Literally every single IPO this week has over 100% gain right when it comes out. + +So, how in the world do common folk or mid tier workers get in? Or is it just all the top execs and elitist keep making more and more money? + +I’m beyond confused, and it makes me lose faith in our market. + [https://www.bloomberg.com/news/articles/2019-08-01/trump-ratchets-up-trade-war-with-new-tariffs-on-chinese-imports](https://www.bloomberg.com/news/articles/2019-08-01/trump-ratchets-up-trade-war-with-new-tariffs-on-chinese-imports) + +How trump manipulates market: + +1.) Tweet Trade Threats + +2.) Inside Trading + +3.) Tweet "things are going well" + +4.) Profit. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +--- +Thread guidelines: + +1. Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +2. All sub rules apply here so please be familiar with them. + +--- +To view live streaming comments for this thread, [click here](https://www.reddit-stream.com/r/ethtrader/comments/d18gpl/daily_general_discussion_september_8_2019/?). Account permissions are required to post comments through Reddit-Stream.com. + +--- +Enjoy! +I'm 30, with a recent $530k mortgage, and have been regretting choices I made when I was younger. I work in the accounts team of a large company and make $77k. My wife is on low $50ks but pays basically no tax due to exemptions for working for a not-for-profit. My work recently dangled the prospect of a potential promotion next year, but it was quite vague and I'm not sure how much of a pay bump it would include. + +Although I did very well in school, I never went to uni due to the way I was raised, but I've been regretting that and considering whether I should now/soon, or if I would be better off just focusing on my current job, building experience, getting that promotion, etc. Especially since I would have to study at the same time as working full time. + +Yes, I know AusFinance is all 23 year olds earning $200k+ with their IT degrees bemused at the financial stupidity of the average Australian, and I already beat myself up over my choices, so no need to convince me I'm stupid. (if you're curious, my parents raised me in a 'high control group' that teaches not to go to Uni, don't focus on a career, as they are dangerous and insidious. Instead volunteer as much of your time, effort and money to the group as possible and that will make you happier. Which I believed and followed until a few years ago and have basically been starting my life from scratch since then). + +So my question is, for someone 30yo with financial commitments (increasingly so due to interest rates and inflation), is there much point (financially) to going to uni? Particularly when Business/Finance/Accounting degrees seem a dime a dozen? Or at that point, is it a case of 'you've made your bed, now you have to lie in it'? +Up to 50 per cent of the stamp duty cost on homes valued up to $1 million will be waived. + +No sign of the bubble easing for houses in Vic. + +Given the government will tip $500m into property themselves, I'm sure they won't want their investment to decrease. + +Land transfer duty waiver + +Tax relief on stamp duty for residential property transactions of up to $1 million will also be provided. A waiver of 50% for new residential properties, and 25% for existing residential properties, will be available for purchases of up to $1 million for contracts entered into between the day after announcement and 30 June 2021. + + +https://www.budget.vic.gov.au/place-call-home-victorias-big-housing-build +Sorry if this is a really silly obvious question. +Just sold my first house and all things paid back I have a tidy amount. +Our current home has 18months of a fixed rate left, so in the meantime going to stick it into HISA. When the fixed rate finishes, the plan is to refinance to a variable and get an offset facility, put the whole amount into the offset, by that time my crude calculations is I should almost have paid the house off or at least less than $20k remaining. + +So from what I understand, I'll have nearly the whole amount in the offset, therefore my weekly repayments will be near $0. + + Is that correct? +I suddenly thought I would still need to pay the principal off because I own the offset money not the bank so I'm only saving the interest part of my weekly repayments. +Long awaited (albeit small) video and audio was just uploaded, here you go guys: [https://www.youtube.com/watch?v=71k10ziAEPs&t=1s](https://www.youtube.com/watch?v=71k10ziAEPs&t=1s) + +tl;dr: Angry brown CEO calls out Donnie Pump & JPow for propping up markets, doesn't matter cause they can't hear him over the BRRRRR + +Article linked to interview: [https://www.cnbc.com/2020/04/09/chamath-palihapitiya-us-needs-to-let-hedge-funds-billionaires-fail.html](https://www.cnbc.com/2020/04/09/chamath-palihapitiya-us-needs-to-let-hedge-funds-billionaires-fail.html) + +Accidentally posted an older article before out of pure excitement after hearing this fucking ledge call out the fucked up shit going on within the market, all while destroying Wapner and his (actually, and not in an endearing way) retarded buddies trying to form rebuttals. + +Through all the pain watching all of our portfolios go up in flames the past few weeks, this motherfucker came in and spoke for all us and really put a smile on my face. + +Here is a soundbite of the interview, if you enjoy it I edited and added a small video with full audio. It's a little long, but I promise it's worth listening to. This mf was spittin. + +[https://twitter.com/CNBC/status/1248323677898366978?s=20](https://twitter.com/CNBC/status/1248323677898366978?s=20) + +Positions: Who fucking cares at this point most of us are broke as of this week + +edit: As of 3:30pm Wapner is currently live on air bringing up rebuttals to the airline argument two hours later without Chamath there, guess he needed a bit of time to pull the giant factual based dildo out of his ass. + +Thank you for the gold kind stranger. Typically a lurker who occasionally contributes semi-funny shitpost-esque comments, but watching this today had me not only fired up, but laughing my ass off as he tore CNBC to shreds. +Given the recent news about crypto, laws, & NFTs, I feel like this old post I made is more relevant than ever: + +I was high as a kite; thinking, and this occurred to me. [I was examining this whole Gamestop situation from a macro level and considering the possibilities.](https://gfycat.com/sleepyangelicgiantschnauzer) + +What are the ramifications? How will it affect society? Who will benefit? Who will lose? The conclusion I came to is this: ***we are about to witness one of the greatest shifts in humanity since the internet.*** Considering the internet is what made this possible, that's saying a lot. I believe in the grand scheme of things, the squeeze is only the second most important outcome. + +At the root of this fiasco is **trust**. We *trust* the government to regulate a free market, we *trust* no bad actors are rigging the system, we *trust* the DTCC & SEC to do its job. In order for society to properly function, citizens must trust these institutions, and by extension, its currency. The trust, we the people, have in the government is what allows a peice of paper to have value. + +But what happens when that trust is undermined? And worse, *by the government*? If people have no faith these institutions can fairly function, they become ponzi schemes. They take your money, swear they are behaving in your best interest, and proceed to fuck you. We are paying for the glorious honor of having our pockets picked. The government is complicit in the robbery, and as such, can not be trusted. + +A solution must be found to do the job of these corrupt institutions. That solution is blockchain. With blockchain there is no need to question if the market is fair, if institutions work, if bad actors are defrauding you, because everything is transparent. + +When I said a changing of the guard, I didnt mean rich people (hedgies) and poor people (apes). I meant who we put our trust in. Old institutions (banks) vs new institutions (tech). In the status quo, we trust corrupt institutions, but that trust has been betrayed everytime. Banks and middlemen like the DTCC are becoming a relic of the past. They are filled with corrupt and greedy individuals that rig the system in their self interest. + +A few weeks ago, I watched this video: + +[Jamie Dimon 2021 letter to shareholders.](https://youtu.be/jtLKXQ9i6oY) + +Its been in the back of my head ever since. After looking at this from a macro level, I finally understand why. At 1:47 the reporter quotes Dimon saying, **"Silicone Valley is coming to eat the lunch of Wallstreet."** + +Bankers, like Dimon, are a relic of the past. Banks are middlemen we put our trust in because there were no alternatives. 08 was a great example of them trampling over that trust. These institutions are corrupt and fallible and have fucked the economy and the average Joe at every opportunity. + +**However!** Thanks to technology, we no longer have to subject ourselves to being swindled by middlemen like Jamie Dimon. The new guard (tech) will fill the role of these corrupt, boomer, institutions. If we cannot rely on banks, government, rating agencies, and other financial institutions to behave in the public interest, they will be done away with. Either properly enforce the rules, root out corruption, and guarantee a free market, or you will be left behind. We the people will not participate in a rigged market. Equality or extinction, those are your options. Otherwise, as Dimon said, Silicone Valley will eat your lunch. + +**YOU NO LONGER HAVE A MONOPOLY ON TRUST!** How will your bank fair when fintech creates a better alternative? Why should I give you my money when blockchain offers a better ROI, doesn't discriminate against minorities, and is free of fuckery? For the first time, you will have to compete for the customers you love to defraud Mr. Dimon. + +Exciting isn't it? I can't wait to see what the future holds. On a macro scale, the squeeze is not the most significant event, its what happens *after* that is. Will banks, government, and financial institutions get their shit together or will they be abandoned? They no longer have a captive audience that has to give them money. + +**TL;DR:** **THE FUTURE IS NOW OLD MAN!** Guarantee your institutions are fair and free of corruption, or they will be done away with. + +The day of the MOASS will signify a new age. We will transition from the information age to the age of trust. Trust, transparency, and fairness can be written into code, technology, and institutions to abolish corruption and bad actors. You cannot bribe or rig a mathematical formula in the interest of your hedgie friends. Gentle Apes, buckle up, the MOASS is the start of a new age for humanity. Our destination is the stars, the possibilities are endless, prepare yourselves. +**The Mush Rush** - *A Play on Psychedelics* + +8 days ago, MindMed [Reached Agreement to Acquire HealthMode, a Leading Machine Learning Digital Medicine Company](https://www.prnewswire.com/news-releases/mindmed-reaches-agreement-to-acquire-healthmode-a-leading-machine-learning-digital-medicine-company-301230729.html) + +*Acquisition will help build a full stack digital mental health platform for psychedelic medicines* + +MindMed ($MMEDF) is a biotech psychedelic medicine company focused on the clinical development of LSD, Ibogaine, MDMA, DMT, and psilocybin for: +- anxiety +- depression +- addiction +- ADHD +- and more + +On March 3rd, 2020, MindMed [listed on NEO to Become World’s First Psychedelic Pharmaceutical Company to Go Public](https://www.businesswire.com/news/home/20200303005344/en/MindMed-Lists-on-NEO-to-Become-World%E2%80%99s-First-Psychedelic-Pharmaceutical-Company-to-Go-Public) + +*“Psychedelics have been under-researched and stigmatized by society,”* said Kevin O’Leary(Shark Tank), an early MindMed investor and advisor. *“As an investor, I am attracted to MindMed because they are solving health problems through federally authorized **clinical trials**, and have no interest in recreational use.”* + +MindMed develops medicines derived from psychedelics to address significant unmet medical needs. **It is initially targeting a solution to address the opioid crisis and other forms of addiction.** In addition, the company has established a **psychedelics microdosing division**, which leverages rigorous science and clinical trials performed under government regulatory supervision, to evaluate the efficacy of microdosing. Going public will allow MindMed to continue developing clinical trials and to access additional institutional capital to further build its pipeline of clinical trials for psychedelic-inspired medicines. + +[HealthMode](https://healthmode.com/) + +*MindMed will acquire HealthMode through the issuance of 82,508 multiple voting shares of MindMed (equivalent to 8,250,836 subordinate voting shares which, at yesterday's closing price of CAD $5.13, puts the value of HealthMode at approximately CAD $41,254,180) and the payment of approximately CAD $300,000 in cash.* + +>Dr. Karlin, who will serve as Chief Medical Officer of MindMed, previously **held several leadership roles at Pfizer's Neuroscience Research Unit, ultimately serving as Head of Clinical, Informatics, and Regulatory Strategy for Digital Medicine. He is board certified in Psychiatry, Addiction Medicine, and Clinical Informatics.** Dr. Karlin previously was the co-founder and Chief Medical Officer of Column Health, a network of technology enabled clinics that was an early leader in value-based care for substance use disorders and mental illness.[He recently led the development efforts for NightWare, which received FDA clearance for its smartwatch-based treatment for PTSD-related nightmares.](https://www.fda.gov/news-events/press-announcements/fda-permits-marketing-new-device-designed-reduce-sleep-disturbance-related-nightmares-certain-adults) Dr. Karlin is also an Assistant Professor of Psychiatry at Tufts University School of Medicine. + +**COVID-19 Research** + +*[Audio Data Collection for Identification and Classification of Coughing](https://clinicaltrials.gov/ct2/show/NCT04326309?cond=COVID-19&amp;map_cntry=US&amp;map_state=US%3ANY&amp;draw=3#contacts)* + +The idea behind it is that “coughs aren’t all the same,” says Dr. Daniel Karlin + +- [CoughMode](https://www.coughmode.com/) +>Help Research into COVID-19 Donate Your Cough to Science + +Users who install the app — whose website urges users to “Donate your cough to science!” — can start it when they begin to cough and upload the sound to HealthMode, which will analyze it for characteristics such as volume, duration and frequency. Their health will then be monitored with weekly questionnaires. + +>HealthMode’s apps, which were developed before the coronavirus outbreak, are typically used by pharmaceutical companies and laboratories conducting clinical trials or public health surveys. The company has a companion app to CoughMode that looks for symptoms of coronavirus in the gastrointestinal tract, which accounts for an unknown fraction of infections and may be present with or without respiratory symptoms. It works by uploading pictures of the user’s stool. + +On November 25th, 2020, they announced [$25 Million Bought Deal Public Offering](https://www.newswire.ca/news-releases/mindmed-announces-25-million-bought-deal-public-offering-851411474.html) + +>The net proceeds of the Offering will be used for investment in the digital medicine division, additional microdosing R&amp;D as well as general working capital. + +**Microdosing** + +MindMed is collaborating with [Maastricht University](https://www.maastrichtuniversity.nl/) in the Netherlands to undertake a Phase 2a clinical trial for microdosing LSD for adult ADHD. The proof-of-concept study is planned to take place at two trial sites, including Maastricht University. The principal investigator of the study is Kim Kuypers, one of the world’s top psychedelics microdosing clinical researchers. + +They’re creating a new paradigm for mental health care that incorporates both psychedelic-assisted therapy and non-hallucinogenic take-home medicines to help patients overcome and break through. + +*LSD/MDMA Combo* +- With this innovative treatment paradigm, they are looking to bring the participants outside the bounds of their everyday perceptions, facilitating new states of consciousness and flexibility. Combining MDMA and LSD may enhance the positive effects of LSD by inducing a positive psychological state with MDMA which is an empathogen to help counteract some known negative or less positive aspects of LSD + +**Legalization of Psychedelics** + +- COLORADO + +In 2019, Denver [decriminalized](https://footprintstorecovery.com/addiction-treatment-locations/denver-colorado/denver-psilocybin/) magic mushrooms. +>The initiative also establishes a review panel to analyze the public safety, administrative, fiscal and health impacts of the decriminalization of mushrooms + +- OREGON + +In November 2020, following elections, [becomes first state to legalize magic mushrooms as more states ease drug laws in 'psychedelic renaissance'](https://www.cnbc.com/amp/2020/11/04/oregon-becomes-first-state-to-legalize-magic-mushrooms-as-more-states-ease-drug-laws.html) +>first state to legalize the active ingredient in so-called magic mushrooms on an election night that saw more states ease restrictions on drugs across the country. + +- WASHINGTON + +Also, in Novmber, a two-track effort to [Allow Psychedelic Mushrooms In Washington State](https://www.washingtonpost.com/local/dc-politics/dc-magic-mushrooms-result/2020/11/03/bb929e86-1abc-11eb-bb35-2dcfdab0a345_story.html?outputType=amp) launches amid broader Drug Decrim push. +>One seeks to utilize existing administrative mechanisms to expand access to psilocybin mushrooms for therapeutic use by patients in end-of-life care. The other, a proposed ballot initiative on track for 2022, would put Washington on par with Oregon, decriminalizing small-scale possession of all drugs and legalizing mushrooms for broader therapeutic use. + +- HAWAII + +In late January, Hawaii announces push to legalize [Psychedelic Mushroom Therapy](https://www.marijuanamoment.net/hawaii-could-legalize-psychedelic-mushroom-therapy-under-new-senate-bill/) under new Senat Bill. +>The measure, if approved, would direct the state Department of Health to “establish designated treatment centers for the therapeutic administration of psilocybin and psilocyn,” two psychoactive substances produced by certain fungi; It would also remove the two compounds from the state’s list of Schedule I controlled substances and create a seven-person psilocybin review panel to assess the impacts of the policy change. + +- FLORIDA + +A few weeks ago, a Florida lawmaker aims to [Legalize Psychedelic Mushrooms by 2022](https://www.miaminewtimes.com/news/florida-bill-aims-to-legalize-medical-psychedelic-mushrooms-11835699) +>Modeled after a recent voter-approved initiative in Oregon, the proposal from State Rep. Michael Grieco, a Democrat who represents Miami Beach in the state Legislature, represents the first serious push for legal access to psilocybin on the East Coast. + +**Conclusion** + +The stigma around psychedelics/mushrooms continue to change dramatically. Imo, Mindmed is first in line to benefit as legislation continues to changes in this regard. + +The yearly chart presents a potential C&amp;H w/ strong support forming ~3.30usd. (&gt;70% oversold on the monthly) *RSI curling* ..Imo, anything under 3.5usd is a **STRONG** buy. + +Initial PT —&gt; ~4.20usd + +Stay safe &amp; GLTA! + +*I am not a Financial Advisor, so please do your own DD* +Like most of you apes here I'm poor. Well off compared to most and yet here I stand with almost nothing of value to show for it. Personally I'm a xx GME holder since January when it hit $350 (10 minutes later RH halted the buying of a few certain stocks and GME). Aside from that I'm just another person lost in a system like so many others. + +As a lot of you know there's just some traps of poverty that a lot of people may not have nearly under control as they think they do. So when the day comes (probably one of them that ends in a Y, trust me my dad's wife's boyfriend works at gamestop), I have a feeling that a lot of people may blow all their tendies on shit that doesn't matter. + +This isn't a well researched DD, this is just life experience. This is the reality. Off top of my head + +1. DON'T TELL YOUR FRIENDS AND FAMILY SHIT IF YOU HAVEN'T ALREADY. Casual chit chat like "Oh have you guys heard about this GME stuff haha" is fine. Of course use your better judgment and tell people you think you can trust. In my experience, If you're poor but able to buy stocks, then there's a good chance the people you're telling are also poor and probably have no idea what the fuck you're talking about, they just hear that you think it's a good idea to spend 30% of a paycheck on a thing for which they do not get immediate benefits for. + +2. DON'T TELL A FUCKING SOUL. HOW MANY HORROR STORIES HAVE WE ALL READ ABOUT SOME DUDE FROM BUMBLEFUCK NOWHERE, USA WINNING THE LOTTERY AND THEN 6 MONTHS LATER HES EITHER A FORMER MILLIONAIRE FROM GIVING HIS MONEY AWAY TO 4TH COUSIN KENNY G SO HE CAN START HIS HEDGE TRIMMING SIDE HUSTLE THAT TURNED OUT TO BE A SCAM TO BUY CRYSTAL METH. THIS ISNT THE LOTTERY. THIS IS HOURS OF RESEARCH PEOPLE WENT THROUGH. THE DIFFERENCE BETWEEN SMART MONEY AND LUCKY MONEY IS WITH LUCKY MONEY YOU HAVE TO GET LUCKY EVERY TIME. SMART MONEY ELIMINATES THE FACTOR OF LUCK. + +3. Buy better drugs. Chances are you are taking drugs to cope with the difficulties of poverty. Personally I love smoking weed and occasionally psychedelics. If you don't do drugs or drink, and just raw dog life, how? But besides the recreational stuff, we're also talking pharmaceutical. I know a lot of people personally that are in their necks with medical dept. Now fortunately, is no longer a problem to worry about. So go see good doctors so they can help you with your ailments. + +4. Go to therapy. When you grow up in poverty, there's a certain amount of violence, degradation and humiliation you experience that no human should realistically be able to cope with by themselves. If you're like myself where you feel extreme guilt for dumping your problems on others, a therapist is perfect for that. When given time to really think about your experiences and then too really question what you saw and why you saw it can be very difficult to navigate without professional help. + +5. You're not living paycheck to paycheck anymore. Buy better food. That means you don't have to stretch an onion and 3 lbs of beans for a week or frozen meals that have almost no nutritional value besides being calories you can use to burn between jobs. Take your time to enjoy it. Savor the flavor. Learn to cook for the love of it, not for the sole purpose of "eat to survive" + +6. Take care of your mouth and teeth! For some reason dental is treated as a luxury insurance (insurance itself is a luxury but I digress). Your teeth and your gums are not luxury. They are essential to your basic survival. You need teeth to chew. You need your gums not to not have gum disease because it will certainly give you a heart attack eventually. + +7. Don't be a dick. I've seen a few posts around here saying they're gonna rub it in their faces to the people that doubted them and gonna do a whole Lotta this and a whole Lotta that. At the end of the day, what is money. Just another form of energy that can be used for good and bad. Some wisdom that was passed on to me from my grandmother who still works in her late 60s because she wouldn't be able to afford insurance without it. "Being kind is free, I can't afford not too be". At the end of the day we're all human. We're all apart of this world and connected in such ways we can't comprehend. + +Tldr; +There's a good chance you're not gonna be in poverty this time next year. Keep track of your poverty habits post MOASS or you'll probably fuck everything up for yourself. BUY.HODL.BUCKLE UP +Watching all these "Pro" investors collectively Jerk each other off and taking their money out when the FED farts in the wrong direction has lead me to believe that the market is a total retard... How can GME and it's investors be "dangerous" when the collective group think of the biggest retard hive-mind, Wallstreet, can wake up one morning and just go, "CHANGE PLACESSSSS" and reset the whole market? + +Anyone who thinks they know shit about fuck when it comes to stocks can lose money even on the best investment when, "Deerr bonDDD priCEee uppppPP!" or "mAybE InflaTIoN!". + +I've been trying to time the in's and outs of good value plays only to have a collective market bed shit happen the next day. + +I have become retard bait. + +The point of this post? Fuck DD, fuck getting in at the right time, and fuck any of those bald dinosaur bean counters who tell you, "You don't understand investing" or that the GME crowd is dangerous. They are the equivalent of 10,000 trained monkeys in a room... It only takes one turd flung to start a shit-fight. Not much more retarded then that. + +Id rather take advise from a collective group of retards that at least have my back... WSB! + + +Edit because my post is liked sooooo?! 🚀🚀 🚀 💎 ✋ 🤑 ✋ 💎 🚀 🚀 🚀 + +Did I do that right? + + +2nd edit: Holy shit! My first silver!!! Thank you kind stranger. +**UPDATE** it shipped, no communication from coinbase or dell on resolution, just "we're looking into it" but i got the shipment email and tracking # from Fedex. + +When i saw the Dell announcement, I was excited. My daughter needed a laptop for schoolwork, nothing fancy, so I ordered her laptop up and paid with bitcoin on 7/18. + +The order was placed on hold pending "Verification" according to Dell support, and I'm in an endless loop in Dell Customer Service trying to get it resolved. + +The Verification Department says "this isn't a credit card, we only verify credit cards." and transfers me to someone else who says "this order needs verification, you need to talk to the verification department" and transfers me back to the Verification Department who says again "this isn't a credit card, I will transfer you to someone who can assist you." + +repeat ad-nauseum. + +so right now, I'm out a good half a bitcoin currently, with an order stuck at Dell that isn't getting processed. + +the transaction has been verified 611 times according to the blockchain: https://blockchain.info/tx/5278b85fc7819c8a5f36df5580647add44d53e13b950c3fbf5dba89b41d4a729 + +Dell needs to work on their internal plumbing a bit before you can feel good about ordering with your hard-earned and carefully hoarded bitcoins. + + +I'm completely torn, but I'm excited to see what might come from it. Surely someone has to have the correct predictions, and I've heard everything from super crash to super pump. + +Please provide reasoning and a timeline as well! Simply saying "$11" isn't a good prediction. +Hi guys, + +The huge bull market we've seen in the recent months has let the market cap grow roughly ten times with some (roughly) 100 billion $ paper valuation created and enriching early entrants, traders and even anyone who bought more than 2 months ago. + +For all who think they're geniuses because they're up 20% 50% or even 100% ONLY i've got bad news, bull markets in whatever asset don't last forever. You can't expect over 1000% quarterly (or monthly !) every quarter !! do you math its just impossible and its not gonna happen + +The market is overbought by any metric. i'll take the simplest one, the monthly RSI. well I see it at 88 on BTCUSD, 97 (!!!) on ETHEUR, 80 on XRPBTC but if we made one for XRPUSD it zould probably be close to 97 as well... + +Its been an incredible rally and actually i've missed myself all of the recent leg. of course i feel like a total idiot considering my last ETH around 90 EUR and most of it at even lower prices, still at the time RSI was ALREADY overbought, and i was up my initial stake x13. anyone picking up my ETH at 90 would have to wait 1300 EUR, another x4 to match such performance. + +Guys you have to forget those 10% or 20% moves and look at the big picture. In ETH, there was a huge move up, and just MEAN REVERSION (i'm not even talking about trend change) would take us back to near double digits...current MA10 is 65 EUROS. I see a zone around 65-95 which looks as a natural target for mean reversion, and 25-40 looks like the big long term support zone from which the parabolic move began. + +for BTC, mean reversion is somewhere around 800-1200 EUR +for XRPBTC 4000 satoshis, i let you do the math using BTC target + +Of course if such a move happens, there will be some abrupt moves down but also some powerful rallies in between (50% or more) and this scenario would take months to unfold. + +After which, the new direction will be dictated by whatever new events happen (example. bullish a smaller country endorsing a cryptocurrency as its currency. bearish: govts forbidding crypto, finance industry implementing their own blockchains with instant cheap international settlements) + +As for fundamentals i can see some good arguments to why crypto market cap should be worth (much?) more than 1 trillion but I see also some good ones why it should be worth only perhaps only 50% or 20% than now, and on top of that maybe with some currency which does not yet exist being most of it. + +But whatever, what matters to me is the that the market is way overbought. Bitcoin experienced a similar powerful rallies in 2013 with highly overbought RSI the result was 259->63 a 75% drop and then 1163->152 an 87% drop... + +Independently of crypto being revolutionary etc...and PERHAPS having the potential to be worth more in the future, i believe we can have losses of this magnitude and a bottoming process which last months if not years before the market changes direction again. + +Shorter time frames (weekly, daily) show sign of divergence (RSI, volume) and some trendlines taken out. Don't forget in a bubble that the demand is highest at the peak of the bubble. Don't forget that for every buyer there has been one seller. there has been peak demand in the last month and the big whales have been cashing out. + +No one is buying crypto to "use" it. everyone is buying it in hoping to sell it at a greater fool. but the chart is telling me we're running out of greater fools. Also who is REALLY making money in this market ? the small hodler who bought at 350$ a few thousands worth of ETH ? or those guys who have sold ICO TOKENS one shot for hundreds of millions of USD to the last bunch of amateur speculators ? My point is that those who are CURRENTLY making huge money in this market and the WINNERS are the guys selling now, and selling AS MUCH AS POSSIBLE (through ICO s !!!) and if you're not a winner, then .... you're probably the greater fool.... + +Bull markets are fun but if/when the momentum starts to turn and we have paper valuations decreasing by 1 billion every percent and we start to have double digit moves, the big holders are gonna rush for the exit... there is huge pending ICO related supply and lets not forget the mining supply as well. + +We don't need any "news" to go down, an overbought bubbly market just collapses on its own weight and the more stretched it is the more violent is the snap back. When it happens, victims of the bear market will find excuses with "we could not have forecast this hack or this thing happening", the real story is that every bubble pops + +by the way there will be no safe haven apart FIAT. if BTC, ETH XRP go down then it will drive the whole market down with it. + +TLDR. i'm recommending to people to cash out as much as possible, and be in "trading mode". there is huge volatility and there will be a lot of opportunities. + +Disclosure: very small long strategic position in crypto. focused on intraday opportunities and algorithmic trading and arbitrage. so far the market has been good to me since i cashed out, making money little by little, no big gains, but with almost no risk. i would start to go strategically ong again only if we get nearer to monthly moving averages. Before it happens, only trading positions with a short time frame. (and of course : NEVER SHORT CRYPTO !) +I spent a large part of my Eth holdings on the DAO. Now I want to retake take a position on ETH again. + +From what I understand the process would be: + +- Put up theDAO tokens as collateral in the MakerDAO smartcontracts. + +- Get issued an amount of the stablecoin DAI that equals 80% the value of the collateralized tokens. + +- Exchange DAI for Eth on a market. + +- regain my old position on Eth. + +Paging /u/rune4444 + +Some questions: + +Can I still vote when my tokens are collateralized? When is the DaiAlpha due? +I've only been in the crypto game for a couple of months now, but that means I've seen a few large dips in the market. EVERY time this happens, coinbase completely stops working, with nearly everyone unable to buy and sell. + +I'm not trying to buy or sell myself right now, but I feel like people are overlooking what a massive fucking problem this is. How are people supposed to take crypto seriously and feel like it's a legit investment when they can't move their coins every time the price drops a meaningful amount? People always complain a bit when this happens but it seems everyone gets over it pretty quickly. + +How is coinbase viewed as a trustworthy, legitimate actor in the space with this GLARING problem? Especially given the whole bitcoin cash fiasco that happened this week as well. +You can nickname your pokemon in these games so I was thinking maybe I could have a box of 24 pokemon all nicknamed to a matching seed phrase. Obviously, I'd have a backup stored in Pokemon Fire Red as well just in case something happens to my leaf green. Just thinking of ways to more discretely hide my seed phrase instead of writing it down on paper. Any thoughts on this? +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 $200 million market cap. Meanwhile, OMI is languishing at a market cap of only around $70 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 +The original post was taken down on r/GME because the paper I linked to was hosted on an alt-right website. I DO NOT ENDORSE THESE POLITICS. The paper is legitimate and is now hosted in a new location on this post and in r/gme. + +The paper referenced in this post is old and I note that the current situation has likely changed since 2008. However another loophole for a profitable scheme is quite likely to have been found. Any suggestions for how new rules could be bent to facilitate this type of scheme in 2021 would be appreciated. + +**TLDR**: Naked short selling privileges could be being illegally lent to short hedge funds by market makers. The married put trade and the even sneakier reverse conversion modification of the trade are described. These types of trade explain: + +* how short interest has been manipulated in official reporting numbers +* how naked short selling has become so widespread +* why borrow fees can still be so ridiculously low +* that the vast majority of options (both puts and calls) might be due to naked short selling +* how short shares are 'washed' and able to be dumped on the market even during SSR +* why such a large number of way out of the money calls have been seen recently (actually part of a naked short trick, not long whales or gamma ramps) + +Looking at open put interest *naked shorts sold might be at least 150-200%* of float! + +With patience key options used for the manipulation will expire and the house of cards will collapse. Every time we hit max pain the shorts' pain increases. HODL!! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +*Note: this is not financial advice. I am not a cat. I read some papers and made some interpretations. Any number of these could be flawed and wrong. Make your own mind up.* + +**Introduction** + +One of the big questions surrounding GME has been about the reported short interest (SI) since Jan: *How is it possible that reported SI is so low when all other evidence suggests that SI is astronomical in GME?* + +Another question we all have is: *Why the fuck is the borrow rate so low when there are no shares available to borrow?!* + +Here I will try to answer these questions and how they relate to GME and the options market. + +While looking into naked short selling I discovered a few great resources that I will use here. The main one can be found here: [2007.10.09-J-Welborn-Married-Puts-and-Reverse-Conversions.pdf](https://wetransfer.com/downloads/d2c6318f7953ae019390eddfd65b213820210330221314/51f103) + +Here's a little bit of background from the paper: + +>“failures-to-deliver” (FTDs) are, in effect, phantom shares that circulate in the stock market as real shares; just as counterfeit currency destroys the value of a currency, phantom shares deflate the price of a company’s shares. FTDs are generated using a variety of mechanisms. One is through abuse of the options market maker exception, which allows options market makers to short shares they have neither borrowed nor located in order to hedge. Abusive short sellers or hedge funds are illegally “renting” the options market maker exception to obtain phantom shares which can be sold into the market. + +These phantom shares have flooded the GME market. In January reported SI was 140% meaning without any doubt massive naked shorting was happening in GME. Now we see that institutions own anywhere from 130-200% of available float once again showing that naked shorting is rife. Finally if we look at retail ownership of GME it could easily be 100%+ of free float. Estimates are difficult but many other great DDs suggest huge retail ownership. + +Here is a quote from a [letter](https://www.sec.gov/rules/proposed/s72303/sonecon010504.txt) former Undersecretary of Commerce Robert Shapiro forwarded to the SEC based on his own research into naked short selling: + +>When the number of uncovered short sales in a stock exceeds its public float-or even the total number of shares issued or outstanding--the only plausible explanation is a concerted and illegal effort by short sellers to flood the marketplace with counterfeit or fictitious shares, in order to artificially drive down the stock's price and increase the value of the shorts. Massive naked short sales turn the equity market into a form of monopoly pricing for the firms that fall victim to such sales, in which the short seller sets the price at a level guaranteed to provide a quasi-monopoly return. These actions, in effect, destroy the integrity of the market system for firms targeted by naked short sellers and create a direct transfer of wealth from existing shareholders to the illegal short sellers. The firms targeted for such manipulation are generally smaller, younger public firms - the type of company which has generated many of the techno logical and organizational innovations that have contributed so much to the increases in business investment and productivity of recent years. As relatively small and young companies with much fewer shares in their public floats than their older and larger counterparts, their individual decline or destruction also generally attracts little public attention. + +Fuck these fraudulent fucks who sell phantom shares to put companies out of business. This time they have fucked with the wrong company because GME HAS A FUCKING SHIT-TON OF GLOBAL ATTENTION! + +The shorts have never been faced with a horde of artistic apes who only know how to HODL, buy the dip and 💎🙌 till moon. + +**How a hedge fund can fake SI numbers and sell naked** + +One of the perks of being a market maker (MM) is that you don't need to play by the normal rules of FTDs and selling short. In the process of making markets, which requires hedging positions, market makers theoretically may need to sell stock they temporarily do not have. For this reason, Regulation SHO allowed market makers, “…\[an\] exception from the uniform ‘‘locate’’ requirement, as Rule 203(b)(2)(iii), for short sales executed by market makers, as defined in Section 3(a)(38) of the Exchange Act, including specialists and options market makers, but *only in connection with bonafide market making activities*.” + +Although only MMs should have the ability to sell stock naked *it is possible to loan their privileges' to other hedgefunds to play short*. This image is taken from the linked paper and gives an example of naked selling for Overstock shares using a *married put* trade: + +[ Example of a married put for Overstock shares ](https://preview.redd.it/mwmf4rxuz7q61.png?width=896&format=png&auto=webp&s=3dc49db83737283a0821f874c94f22b6ccedc36a) + +Example of a married put for Overstock shares + +This could be, *and almost certainly is*, being done with GME shares to hide SI and avoid massive borrowing fees. + +The option market maker obtains a market neutral position. Selling puts, alone, would create a net long position. Thus, in theory, the option market maker’s naked short sale hedges against downward price moves. The option market maker receives a premium for the puts. In the example above, most of the $5 is the fee the market maker charges for “renting” his short sale locate exception allowed under Regulation SHO. + +After the married put is executed, the short seller then sells the “shares” into the market. Every time the short seller sells a share, his net short position increases due to the decreasing long position in the GME stock. The end result is that he is long puts on GME, which is equivalent to being short. + +So it is possible to short sell using MM privileges with an options trick and avoid massive borrowing fees for hard to borrow stock. THIS IS ILLEGAL AND CLEAR MANIPULATION OF THE MM RULES! + +In a 2003 SEC Interpretive Release, the Commission expressed concern about “*the manipulative sale of securities underlying a married put as part of a scheme to drive the market price down and later profit by purchasing the securities at a depressed price*.” With increased scrutiny on married puts, anecdotal evidence suggests that they are being masked within market neutral trades known as reverse conversions. + +**How to hide your illegal married put: the** ***reverse conversion***\*\*!\*\* + +Here is another example of naked selling for Overstock shares, now using a reverse conversion trade: + +[ Example of a reverse conversion version of the married put for Overstock shares ](https://preview.redd.it/byyqzeqxz7q61.png?width=899&format=png&auto=webp&s=e8342600932db92cba6212ae04923218845d43b6) + +Example of a reverse conversion version of the married put for Overstock shares + +The addition of the the call sales masks the trade and attempts to hide it's illegality. However, a key point from the paper states that: + +>Regulation SHO stocks with large, unsettled trades often exhibit a similar characteristic: ***“short selling” hedge funds with significant put holdings in 13F filings*** + +Now to take a look at Puts in GME using some other great ape DD. + +**Options trading in GME** + +We see a MASSIVE amount of PUTs sold for GME expiring on April 16: [https://www.reddit.com/r/GME/comments/mfw3u4/huge\_number\_of\_puts\_expiring\_april\_16\_382k\_open/](https://www.reddit.com/r/GME/comments/mfw3u4/huge_number_of_puts_expiring_april_16_382k_open/) + +That is a possible 70% of hidden short interest that will expires in the options in a couple of weeks!! + +Many of the PUT trades are likely to be the hedge funds' short positions from married puts. If they can expire worthless the hedge funds lose their bet and the MMs are left with a massive shit-ton of short sold IOUs to deal with. + +If we look into all the put option interest for future months we might see the full scale of the married put naked shorting scam. + +[u/Cuttingwater\_](https://www.reddit.com/u/Cuttingwater_/) took a look for me and found that if you tally up all puts <25$ (which just seem like write offs and would never be used) purchased for all available options dates, we are looking at > 150% of the float. That could be at least 150% of float sold naked! This number could be significantly higher as some options traded as part of the scam might have already expired. + +208% if you include all puts OTM + +In the case of the reverse conversion scam an extra call option is involved. For this version of the hidden naked short, the short hedgies are actually left with a way out of the money call. MAYBE THIS IS WHY WE SAW SUCH HIGH OPEN INTEREST FOR 800c CALLS IN RECENT WEEKS!!! + +Every week we end around max pain we inflict more damage on the shorts: [https://www.reddit.com/r/GME/comments/mejp0k/the\_concept\_of\_max\_pain\_and\_why\_this\_is\_probably/](https://www.reddit.com/r/GME/comments/mejp0k/the_concept_of_max_pain_and_why_this_is_probably/) + +Potentially the vast majority of options (both puts and calls) in GME could have been created as part of a naked shorting privilege scam. Therefore the longer we inflict max pain on the GME options, and the more patiently we HODL the more chance we have to ensure these fraudulent fucks are left with nothing. + +All the recent DTCC filings suggest that they are covering their ass and looking into this bullshit before it explodes in their faces. Recent filings also mention that their aware of and ready to deal with option trading shenanigans by the MMs: [https://www.reddit.com/r/GME/comments/mecfwi/too\_ape\_didnt\_read\_sec\_filings\_part\_two\_fuck/](https://www.reddit.com/r/GME/comments/mecfwi/too_ape_didnt_read_sec_filings_part_two_fuck/) + +**Conclusion** + +GME short interest is likely hidden in the options using manipulative trades that illegally allow hedge funds to borrow market maker privileges and avoid paying large borrow fees. Every week that we allow options contracts to finish out of the money the illegal naked short trades become more unsustainable. DTCC filings show that they are scrambling to avoid holding the bag. A larger hand (or whale flipper?) seems to almost always set us down perfectly around the max pain each Friday to drain the shorts... + +A storm is brewing around GME. I'm just gonna keep HODLin' and buyin' that dip. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit 1: What if the Dark Pools are largely being used for the married put trades. To sell naked shares directly to the shorts along with their puts!!! + +Edit 2: [u/Cuttingwater\_](https://www.reddit.com/u/Cuttingwater_/) helped look into the options and found this: + +>[@broccaaa](https://www.reddit.com/user/broccaaa) if you tally up all puts <25$ (which just seem like write offs and would never be used) purchased for all available options dates, we are looking at > 150% of the float +208% if you include all puts OTM + +I will add this to the main text. Could suggest that at least 150% is naked short sold. Other options as part of the scam could've already expired meaning this is a lower bound. + +Edit 3: This also explains why SSR doesn't do much!! When MMs sell short to hedgies it 'washes' the short tag away. The hedges just have 'normal' phantom shares to dump at will! +Hi UKPF, my work are officially getting rid of our offices and have told us they legally must undergo consultations with staff over changes to our contracts as we're to be fully WFH from now on. These have yet to begin so I dont have the new contract to review, has or is anyone else here going through the same thing? +Any gotcha's to look out for in the contract when it comes through? I've been at the company a few years now so would things such as redundancy entitlement be affected from starting under a new contract? Thanks! + + +[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? 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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!* +Say we also depend on our non registered account to reitre as a softer cushion. + +In a registered account, we have the beenfits of switching ETFs to more conservative ETFs with bonds if we want to become more risk aversed (eg; retirement years). + +This benefit does not occur in non-registered accounts because we are taxed on capital gains, so when we switch to conservative ETFs, we will be taxed significantly. + +&#x200B; + +**There seems to be a few approaches people are saying:** + +1) Still do VEQT until you retire, can be quite risky during retirement age. + +2) invest in VT/VTI, just in case if the US and CAD market are not doing so hot. + +3) Get a financial advisor haha + +&#x200B; + +Curious on what people suggest here? I can't seem to find books in regards to in /r/PersonalFinanceCanada /r/personalFinance /r/financialIndependance + +Any ressources would be appericiated! +Every general throughout history who emerged victorious from combat likely did so due to a superior battle plan. + +The same is true for investors and is indeed fitting as energy investors have likely felt that they have been waged in a war for years. + +They have battled the energy ignorant and those who believe in a rapid transition away from oil temporarily shaping consensus to think that the oil sector is a twilight industry and that oil stocks should be appropriately discounted with little embedded terminal value. + +They have fought the frustration of watching energy stocks languish despite oil trading near US$70 levels for WTI drooling over the egregious levels of free cash flow that such a price environment produces. + +Like a general in a foreign land stuck in a multi-year campaign who longs for home energy investors have continued to fight and persevere until such a day comes when they emerge triumphant. After seven long years of bitter struggle, after fending off wave after wave (the rise of U.S. shale, OPEC scorched-earth policy, COVID-19) victory is finally in sight. + +So, as an energy fund manager what is my battle plan for what I believe will be a multi-year bull market for oil? + +First, the lay of the battlefield. The outlook for oil and the energy sector is bright yet investor apathy remains. + +The twilight of U.S. shale and its now inability to fully satisfy demand growth combined with the near exhaustion of OPEC spare capacity in 2022 and the plateauing of global offshore production due to years of insufficient investment all suggest a fundamental floor of approximately US$70 WTI with meaningful upside beyond that in the coming years. + +These factors married with the looming end to COVID-19’s negative impact on oil demand and a 10+ year runway for oil demand growth due to the multi-decade long timeline for substitution all conspire to create an epic multi-year bull market for oil. While oil stocks have been strong performers year-to-date they have greatly lagged the recent rally in the oil price making them cheaper today despite 80 per cent+ moves than in the beginning of the year when oil traded at US$50. Indeed, valuations of energy stocks today are the most attractive that I’ve ever seen in my career. + +What are the obstacles yet to overcome? + +Fears of a fourth COVID-19 wave this fall, uncertainty about the world’s ability to absorb incremental OPEC production, and skepticism around U.S. shale’s spending discipline have delayed the return of generalists back to the energy sector and their ensuing buying of stocks and consequent valuation rerating closer to historical averages. + +These uncertainties have resulted in broad skepticism around the sustainability of current prices as the average energy stock I follow is trading at only 2.9 times its enterprise value to its cash flow and a 24 per cent free cashflow yield at US$70 per barrel. Further, at current oil prices the average company could fully privatize and pay off all its debt in just four years with free cashflow. + +As vaccination rates continue to ramp up, as oil demand continues to normalize and reach pre-COVID levels by mid-2022 allowing for the gradual return of OPEC’s curtailed volumes, and as the codification of U.S. shale spending discipline and the ongoing demand of investors for return of capital over production growth inhibit the ability of U.S. shale to meaningfully grow, the obstacles preventing the return of generalists should be neutralized. + +What is my backup plan in case generalists don’t come back and the sector remains abandoned by the masses? + +Behind-the-scenes management meetings and board lobbying by investors has begun to pay off with second quarter messaging from companies evidencing the change in priorities of public energy companies that make the sector more investable. + +Few companies are increasing capital spending while nearly all are embracing enhanced versions of return of capital with a handful of companies already announcing dividend increases and modest share buybacks with second quarter results. + +This is, however, just the start as another few months of debt paydown should heal the balance sheet trauma of 2020 allowing for much more aggressive share buybacks and dividend increases in the coming months, acting in my opinion as a meaningful catalyst. So long as it is a sector-wide movement, meaningful share buybacks (at least 10 per cent of their shares) could result in a rerating of energy stocks in the coming months and this has been my battle plan to crush the endemic generalist apathy plaguing valuations. + +What is my plan to maximize upside capture in the months ahead? + +Major energy market uncertainties should be eliminated in the next several months and this, combined with imminent announcements of meaningful return of capital, sets up investors for a potentially very strong fall. I am focusing on Canadian small and mid cap energy stocks that are trading at record low valuations yet are generating record amounts of free cash flow. + +A modest return of investor interest could result in an outsized rally in their share prices and with such a strong sector backdrop current low valuations will not last especially when oil companies themselves have the ability to win the war if they choose to act decisively and meaningfully enough. + +https://financialpost.com/commodities/energy/oil-gas/eric-nuttall-its-war-time-in-the-oilpatch-and-heres-my-battle-plan-for-what-will-be-a-multi-year-bull-market-for-oil +What's happening with Xebec? 53% down from the last month. The whole market is going down, but it seems like Xebec is going down more than the others. It's 10% down today already. Is something going on with it? +Just did an audit of our monthly expenditure. For a family of four we're spending £650 per month on groceries. Eeek. + +In fairness it does include non-food items, like toilet rolls, nappies etc however it is still alarming. + +We've swapped from Asda to Tesco as it is cheaper, plus with the Clubcard points we can get nice little extras like Disney+ for the kids, at no extra cost. + +So any tips out there to reduce the bill? I'll be going through and downgrading this this week but wanted to know how everyone else was finding the recent inflation impact on food shopping! +I am a 23/f who has had to purchase nearly everything in her life after middle school. Car, sports fees, clothes, toiletries, and on to rent, college tuition, EVERYTHING. This made me so financially conscious I felt incredibly guilt spending additional money towards non-financial goals (i.e. retirement, emergency savings, and student debt). + +I discovered all this "financial responsibility" made me miss out a lot on life. I had some "treats" such as coffee or going out for a beer, but would say no to nearly all traveling or entertainment or experience purchases over $40. I just obsessively tracked all my dollars and I had extra, I'd put it towards a financial goal. + +Except for one year ago, I decided to save in a bank outside my checkings and I picked a bank that let you have multiple savings that you could title and set up goals. I already put away about $175 each paycheck towards emergency savings (already have about $5k here), $400-$700 towards student loan debt, and $600+ a month towards retirement. I decided to put another savings account titled, "Fun Bucket Savings" and put about $67 a paycheck in there, with an opening balance of $300. + +This year I read all my memos from my withdrawal and I must say, each of those experiences were highlights of my year and before this year, I would have justified not going. This year, I had gone on a 3 day cruise to the Bahamas ($382), a concert for one of my favorite bands ($117), two musical festivals($202 and $287), and a flight/trip across the US($385)! I stayed with friends and family so it was fairly cheap. Since I also budgeting each paycheck, I didn't find any significant spending increases month over month. + +Sometimes a unintended consequence of financial planning is we forget to live or we forget to budget for the things we like or we feel guilty about it. If you can put aside $20 a paycheck, $100, or whatever, in a savings account just dedicated to having fun, you lose the guilt of any "big purchases" and you don't forget to live. Even if you may pay off your debt in 4 years versus 3.5, if each of your 4 years gives you more experience than the waiting 3.5 years to "finally enjoy yourself", I encourage you to have financial courage to budget some money for you to just have fun! + +Sorry if this isn't news to anyone or if you don't feel like you have a budget for this at the moment or if I'm too young to know better, but this has been personally the best financial decision I've ever made. + +EDIT: I use CapitalOne 360 Savings. It's 0.75% interest with I believe up to 25 bucketed saving accounts. + +TL:DR: The Best Financial Decision I Ever Made - Opened a Fun Bucket Savings account so I remembered to have fun and not feel guilty about it +Hit $1MM net worth this month. Wife and I (38/36, dual income, 2 kids, one on the way) married 7 years ago with $158k combined net worth. + +65% retirement funds, 15% retail investment accounts, 10% cash, 10% real estate equity (LCOL area with high taxes, so we aren't highly levered or concentrated in our home). + +Next milestone is $1MM investable (currently total $887k), but will likely have a setback as we need to buy a minivan in cash and may do some small renovations to our 4br house. + +$3MM is our FIRE number, but both like our jobs (at the moment). +I am 24, and After a particularly rough couple of years, bouncing between hospitality work never making more than minimum wage, I have finally gotten into a decent job (For me anyway) + +I now make 24k, salaried, paid last day of the month. For the first time ever, work Monday to Friday, so I am expecting weekend expenditure to go up now that I’m not working them. I have a company van which is not for personal use so I believe I don’t pay towards this. + +I have allocated 6% to my Nest (i understand they’re not the best?) pension to obtain the maximum 6% from my employer. + +My current pension has £1801 in it. I have a credit card with £151 which will be paid off on payday, I paid my AAT membership with this and have allocated to pay this back, I don’t use the CC for anything specifically. No other debt. I appreciate this is low, and coupled with current pension payments will not provide a particularly good retirement, however at my current salary I am not sure it is smart to allocate more. + +My outgoings, thanks to generous parents, is £701 Inclusive of everything down to eating out. I currently don’t pay rent, however this agreement only runs until the new year, after that, I will pay £250. This was my old agreement however is very generous of them as they stopped that when I started having trouble a few years ago. It’s important to me I start paying this again once I am stable. + +My take home is £1604.63. + +I had to sell my car at the beginning of the year to pay some bills after a period of getting no hours. + +My priorities are firstly to buy myself another car, I don’t plan on spending more than about £3k for now, just to get me back on the road in something slightly less lethal than the £1500 bangers about. + +After that, I am currently doing my accountancy study, I am probably 18 months away from making the move to this career, so will likely stay in this job if possible until then. This costs me on average about £400 a quarter with the cost of exams and the course. I started this last month. + +While I’d love a house, I live in the south east, and due to my partners commitments I cannot move away, so it will be a far way off yet to save the required deposit and get my salary to a point I could reasonably obtain half the mortgage. (current maths suggest I would only be offered £112500, which even doubled to include my partner who earns £27k, is not enough for a flat here.) I would like to rent, but could only manage a HMO, which would be no different to living at home really just at twice the cost. + +I mostly plan to throw all spare cash into saving for a new car to get this done by the new year. + +After that comes an emergency fund. After a particularly hard time, often not being able to pay bills, I’d like this to be 6 months minimum. It seems with some quick maths it would take me the majority of 2023 to achieve this. + +A healthy savings account (couple of thousand) would be the next goal, followed by opening a LISA and allocating the full £4k. + +This is the first time I will ever have stable pay above minimum wage. I appreciate that doing things one at a time is not necessarily the best idea. + +I really would want the car first, as currently once I’m home from work, anywhere else I want to go is achieved by walking. + +If I was to split things equally, how would that look financially? Is there any merit to allocating to all goals simultaneously? Are there any recommendations? + +Due to always being in poverty, I’ve paid no attention to finances and now want to make sure I’m making smart decisions. I don’t want to rush into things, and while I’m aware of the flowchart, I would like to be spoken to like a child and have my options laid out in front of me in layman’s terms + +- How do I make the best use of the Nest pension scheme, my current pension is in a Sipp, worth transferring this over? + +- Emergency fund, should I save for this exclusively, or drip feed in while saving elsewhere for other goals? + +- wait until I can save the £4k annually to open a LISA or do it now and allocate a small token amount to keep it open? + +- Worth looking at any kind of insurances now? I’ve never had anything outside of Car insurance as could never afford it. + +- What should I use the credit card for to build credit? My credit is currently shot after a long period of missing payments. + +- I already include any study costs in my outgoings. + +I am very lucky I had my previous car to get me out of debt, the sale of that paid a months bills up front and cleared what I was behind on. It is so important to me I don’t have to do this again, as even a trip to Tesco is now an hours walk round trip. + +If you were in my position, what value and where would you save to achieve these goals? + Good day, my $GME brothers and sisters. I hope this day finds you in good health and spirits. I'm posting to bring some subreddit fuckery to your attention. The following is speculation based on my personal experience and observation: + + Quality posts are being censored. They are being removed within minutes or hours of posting. They start out great, racking up upvotes, then disappear in "Rising", never to be seen by the wider SuperStonk community. There's an easy way to fight back. + + The forces that seek to stifle public discourse on SuperStonk are using the SuperStonk_QV bot as a censorship weapon. They are smashing the downvote arrow on the SuperStonk_QV comment on posts they don't like. The posts are being automatically removed by the QV bot. + + If you're a SuperStonk regular, you've heard users complain that their posts are being removed. It's happened to me. Maybe it's happened to you too. + + If you see a post that you like, it is no longer enough to simply upvote the post. If you want that post to live to see "Hot", YOU MUST ALSO UPVOTE THE SUPERSTONK_QV COMMENT. + + I know it's a PITA to find and upvote the QV comment in every good post. But it must be done in order to get quality info to the community. + + Thank you for reading. Don't forget to upvote the SuperStonk_QV comment if you upvoted this post. + +Obligatory: + +Buy + +Hold + +DRS + +Book + +Edit: I made an error in this post when I said "The posts are being *automatically* removed by the QV bot." I received a clarifying comment from a moderator. *Posts are receiving moderator review prior to removal.* I went back to my deleted post to re-read the message from the mod team. Here is the message I received six days ago after one of my posts was removed: + +>Your post was removed by a moderator after being flagged by u/Superstonk_QV + +>This Quality Vote (QV) score is determined using upvotes and downvotes on the pinned comment of your post. Superstonk employs Superstonk_QV bot as a means of gauging how the community feels about a post beyond just the standard upvote system. + +>Please note that posts will never be blindly removed just because they have a low QV score. Posts that meet all our rules & requirements are still subject to removal based on quality as determined by the community through a combination of: + +> [One] the post’s upvote score & upvote percentage, + +>[Two] the QV Score on the Superstonk_QV sticky, + +>[Three] reports, + +>[Four] comment sentiment + +>If we see valuable discussion in the comments or a high-level, well-thought-out post we will override the report and approve the post. + +>Find out more about the Superstonk_QV bot and why it's used here + +>🦍🦍🦍🦍🦍🦍 + +>If you are repeatedly having posts/comments removed for rule violations, you may be permanently or temporarily banned. + +>If you feel this removal was unwarranted, please contact us via Mod Mail: https://www.reddit.com/message/compose?to=/r/Superstonk + +>Make sure to include the link to your removed post or comment so mods know which submission you're referring to. + +>Thanks for being a member of r/Superstonk 💎🙌🚀 +UPDATE: The nurse that has been helping me got in touch with my food stamps caseworker and I was able to speak with her about this situation. She said that I don’t need to do a recertification because I recently reapplied for food stamps. She said that there is no reason why my account would be empty especially since I had called my card before my food stamps were supposed to come in and it said that I had a pending payment coming on April 5th. She doesn’t understand what is going on either, and she is going to contact someone in charge of food stamps to try and resolve the issue. If the problem cannot be solved I will have to reapply again and wait for the application to be approved. + +Today I went to the grocery store to get my monthly groceries. My fridge is completely empty so I filled my cart with groceries. When I went to pay, my EBT card was declined. I don’t usually check my SNAP balance because I have been getting $100 a month without any problems. I was so embarrassed that I had to leave a cart full of food behind. The grocery store is a local family owned store and I know the owners. That made it especially embarrassing. + +As for my food stamps, I bet I was due for a recertification, but since Social Services is shut down I have no way to recertify. I don’t know when I will be able to get them back. Since I have no income at this time this has hit me hard. I was counting on my food stamps not only for groceries, but to buy food for Easter dinner. I think I am just going to skip Easter this year. Hopefully my daughter doesn’t notice. Sorry for the long rant, I am hangry (hungry and angry) +Following the feedback on my UKPF post from [a few months ago](https://www.reddit.com/r/UKPersonalFinance/comments/i7oei5/would_you_find_a_cost_comparison_site_for/), I've since found a far more capable coder than myself and built Broker Library: + +[https://brokerlibrary.co.uk/](https://brokerlibrary.co.uk/) + +The site has been the product of many hours of scouring broker charges pages and even more hours of Excel number-crunching, so hopefully you find it useful. + +The idea behind the site was to save people having to manually try and figure out the costs of each broker from sites like Monevator's comparison table. Each broker has its own charging structure, and they can be a bloody nightmare to figure out and compare. + +There's essentially two parts to the site. + +Firstly, there's a broker cost calculator. + +The calculator simply works out how much each broker would cost, based on inputs like portfolio size, number of trades per month, international shares trading etc, and ranks them by cheapest to most expensive. + +Costs included in the calculations include: + +* The annual platform fee (including any extra charges for ISA or SIPP) +* Dealing fees, which are dependent on whether you're buying UK shares/US shares/funds. Dealing fees are reduced by any frequent trading discounts or free trades offered by the broker +* SIPP drawdown charges (if applicable) +* FX fees for any international trades + +Where a broker also offers a regular investing plan (for those investing on a monthly basis), the calculator displays the cost for the regular investing plan separately. + +The cost displayed on the results screen is the annual cost (in £) of using the broker, and doesn't include any one-off fees like annuity purchase costs, account opening/closing fees, UFPLS costs etc. + +However, the cheapest broker might not always be the best. + +That's why the second part of the site is a broker reviewing tool. This lets you leave a review for your broker, and view reviews left by others. + +You can rate each broker on a number of different metrics, and leave comments if you wish. Hopefully the reviews provide a useful way for people to gauge whether a broker is right for them, using more qualitative criteria based on the user experiences of other investors. Each broker has its own page of reviews, and the overall rating appears alongside the cost on your calculator results screen. + +This is version 1 of the site, so please let me know - either on here or via the 'Any suggestions?' button - any improvements you'd like to see. + +Feel free to give it a try, and please let me know if you have any feedback! +My debt story began when I went to university and got a Halifax student account with 3k overdraft. Big mistake. I lived with my parents and didn’t need that money but I had it there anyway. I had maintenance loan for whatever I needed to spend on and a lot more extra for what I wanted to spend on. Yet I managed to start using the arranged overdraft. + +A couple of months later, I was in a very unhealthy relationship with someone who was terrible with money. So what did I do? I lent him my money. Lots of it. I paid for lots of things. One of my biggest regrets ever. I lent him 1.5k and at least another £500 was spent on him here and there because he couldn’t afford things. I really think I was a sugar mama... + +And a year since that relationship started, we broke up. The break up, combined with other things at home, university etc put me through a mental break down (I had suffered from depression episodes before but now it was/is a long term thing). I then began spending lots of money. Lots. On anything and everything. I withdrew from university during the second term of my second year of university. I was overpaid by student finance and was told to keep the money aside. I really wish they had taken it. I too this day can’t understand how I spent all of it. + + +Eventually, i got therapy and help and was diagnosed with Emotionally Unstable Personality Disorder. One of the broad categories of symptoms for this is impulsive behaviour. This included impulse to engage in reckless or irresponsible behaviour. For me that came out in drinking and spending. + + +I got a job but I found it too demanding and I had very little control of my mental state at work so it wasn’t safe for me or others around me. My psychiatrist sent me to the hospitals careers department where I received help to find a job suitable to me and in the mean time applied to receive ESA. + +I did find a job that suited me very well but it was less than 16 hours and not a lot of money so I continued to get ESA alongside. During this time I made a plan to pay off my debt. I was about 6k in debt. I also had a maxed out credit card (limit was £500). I left the job after 8 months because my physical health went down hill. + +Now it’s been 4 years since I started university. I paid off my student account. I paid off my credit card. I paid off another credit card I had during the time (£700). I’ve been receiving welfare for far longer than I wanted to. I wish I never had to in the first place. I love working and having a job and I look forward to it again. I’m finally in a place where I feel I’ve had enough of a rest. I’m returning to completely my university degree (therefore student finance with take the overpayment from my maintenance loan and I’m happy with that). + +I’ve learnt a lot about money, struggle, impulsiveness and responsibility in these last few years. I know I was fortunate that I didn’t have many expenses while I received ESA and therefore could save a lot of it to put towards my debt. Now I know that overdrafts are my enemy... +especially after the big crash rn + +people say its gonna peak again in the long term + +but how do you know, or is it wishful thinking? + +just curious + +&#x200B; + +Edit: Well.. with 800 comments i went and spent a day researching bitcoin. + +now i see money and the economy with different eyes. + +im not into bitcoin religiously but it definetly has a LOT of potential and is extremely important for non-super rich people on the world + +thanks for every comment +It is no secret that Sun Tzu's *The Art of War* is a popular book amongst the Wall Street elite. So if I were a depraved, worthless hedge fund manager stuck in the unenviable position of being forced to purchase the millions of counterfeit shares I had created in my efforts to deliberately bankrupt a viable company and walk away with tax free profits, what would I do? My only hope at this point is to make retail investors anxious or frightened or uncertain, thus causing them to sell their shares at prices that are *astronomically* lower than their actual value. Otherwise I will not survive and I won't be able to continue my acts of financial terrorism that have allowed me to steal literally hundreds of trillions of dollars from honest, hard working people over the past few decades. + +**“The whole secret lies in confusing the enemy, so that he cannot fathom our real intent.”** + +How might I attempt to create FUD that could potentially weaken the apes' morale? Well, they are rather jubilant and many seem to be convinced of imminent victory given everything happening at the moment. + +**“All warfare is based on deception. Hence, when we are able to attack, we must seem unable; when using our forces, we must appear inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near.”** + +Or as Sun Tzu more simply stated: + +**“Appear weak when you are strong, and strong when you are weak.”** + +Perhaps it's time for me to unleash a massive FUD campaign or create another colossal dip in an effort to shake some apes off the tree? + +**"Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt."** + +So for the real me, the "dumb money" retail investor: + +I must continue to guard against overconfidence and a mercurial temperament. + +**"Prohibit the taking of omens, and do away with superstitious doubts. Then, until death itself comes, no calamity need be feared."** + +While I am certainly happy with my investment in GME, I am not celebrating anything yet. I am not concerned with dates or timelines. + +**“Wheels of justice grind slow but grind fine.”** + +I do not care about what anyone else thinks I should do with my portfolio or when I should do it. + +**“You have to believe in yourself.”** + +I am a simple investor. I like GME. I purchased my first shares a long time ago because I believed in Ryan Cohen and the company, but also because I saw that financial institutions had put themselves in a precarious situation because of their greed, wickedness, and the knowledge that they would not be held accountable by any regulatory agency (because they've never been held accountable before). + +**“Begin by seizing something which your opponent holds dear; then he will be amenable to your will.”** + +Despite the constant FUD and deception perpetuated by the mainstream media, I have continued to purchase shares because the more time that passes, the more I learn, and the more that I learn, the more confident I am in GameStop and in my investment. + +**“In the midst of chaos, there is also opportunity.”** + +I will continue to BUY and HODL shares of the company indefinitely. Every additional share I own enhances my ability to obtain financial freedom, contribute to efforts that will improve society, and force changes in our corrupt, fraudulent financial system. + +**“Opportunities multiply as they are seized.”** + +But the entities on the opposite side of my investment have proven themselves to be immoral, unethical, and criminally ruthless, so I must not lose focus. + +**"The enlightened ruler is heedful, and the good general full of caution."** + +This is why no matter what happens, I will simply continue to BUY and HODL. I believe that is an unbeatable strategy. Everything else is just noise. + +💎🙌🦍🚀 + +**Edit:** I just realized that it seems like this... + +**"Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt."** + +...is what Ryan Cohen has been doing to perfection, consistently outmaneuvering the short sellers, as well as everyone else currently acting in opposition to his rapidly transforming company that sits at the center of the juggernaut that is the global gaming industry. +I've seen so many posts along the lines of "I don't know what I'm going to tell my kids this year, we can't afford any gifts." I understand the struggle, I really do, due to circumstances my family is facing this year, gifts will be scarce, if any. As a child, Christmas was often giftless as well. But one thing I think we've forgotten is being able to spend time with your family is a gift of its own. I've little family now to spend Christmas with, and I've worked through many holidays until this year. Please don't take for granted the fact you can be there with your family this holiday. There's so many things you can do this year to celebrate the holidays without blowing much money. + +Baking is a fun and great way to spend time with your family. You can bake cookies as gifts, or bake over the weekend/holiday together with your family. Here's some butter-free cookie recipes I like to use, since butter is quite expensive now. [Peanut butter Cookies](https://bellyfull.net/peanut-butter-cookies/), [Sugar Cookies](https://www.food.com/recipe/grandmas-soft-sugar-cookies-11345), [Chocolate Chip Cookies](https://www.thefrugalsouth.com/easy-no-butter-chocolate-chip-cookies-recipe/), and [Oatmeal Cookies](https://getonmyplate.com/oatmeal-cookie-recipe-without-butter/#recipe). This [oatmeal lace cookie](https://addapinch.com/oatmeal-lace-cookies-recipe/) recipe uses butter, but yields 60 cookies. Its been a Joy to make cookies with my family, and we have gifted some at school/work. + +You can make homemade ornaments with your children to decorate the tree with, as well to keep for the years to come. Name and date them, you can make it a cherished tradition that will serve as keepsakes later. Depending on your budget and already available supplies, there's quite an array of ornaments you could make. [Pop sickle Stick Ornaments](https://www.funlovingfamilies.com/diy-popsicle-stick-ornaments/), [Construction paper ornaments](https://twitchetts.com/2020/10/construction-paper-christmas-crafts.html/), gather pine cones and paint them, or coat them in get glitter glue, your child's imagination can run wild. You can make a [Popcorn string garland](https://chaoticallyyours.com/string-popcorn/) together. If you can't afford a tree, there's tons of variations of wall trees you can make with various supplies. + +If alcohol is in the budget and you near an Aldis you can make this [3 i](https://2cookinmamas.com/easy-sangria-for-memorial-day/)[ngrediant sangria](https://2cookinmamas.com/easy-sangria-for-memorial-day/) (you can omit the fruit all together really) with their $3 wine. I also like to do a shot of [caramel vodka](https://www.totalwine.com/spirits/vodka/flavored-vodka/candy-ice-cream/smirnoff-kissed-caramel/p/126981750?glia=true&s=928) into a cup of chilled spiced apple cider. + +I love to put on holiday themed movies, bring out the cookies, pop some popcorn and watch with my family. We play board games, put on festive music, recall stories and laugh together. If we had a fireplace, we'd definitely have that going. Sometimes we put on Christmas music made in other countries while we do these activities, its rather amusing and interesting. + +Have the focus of your Holidays be centered around your friends and family. They won't be around forever, but material item's will always be available year round. + +Don't be afraid to reach out to your local food pantries and churches if you are in need of food. Your Christmas dinner may be far from traditional, but its far better than going hungry if it doesn't have to be an option. Check your local buy nothing groups, you may be surprised what people give away for free. +MAJOR EDIT 2: MISSING VOLUME MYSTERY SOLVED. Huge credit to /u/MarketMicrostructure as we discussed and compared data for the better part of 45 minutes. Here's the breakdown. Unfortunately since we solved the issue for this, I don't really want to include a TLDR for this. Please read it, it was a lot of work. + +So the system reset by the CTA on May 5th to the CTS and CQS to repair Tape B actually resulted in them losing ALL OF THE TRADE DATA ON TAPE A before the reset. For GME, this amounts to slightly more than 1 million shares and is included in the NYSE TAQ data (total volume of around 2.89 million shares for May 5th) and would have been included by the brokers as the day went on. This accounts for the fact that many different securities were hit as well. + +However because Tape A lost 1 million shares of data, then at the end of the day the data sent out to brokerages was significantly different than the amounts they were expecting, so they "adjusted" their data to be consistent with the Tape, even though the NYSE had processed around 2.89 million shares on May 5th. **The value of 2.89 million shares is the CORRECT VOLUME of trades for the day of May 5th, however the volume of 1.789 million shares that was reported by many brokers reflects the fact that the CTS Tape A lost data.** + +**It is also confirmed that neither the NYSE nor FINRA corrected or cancelled any error trades to GME on May 5th.** The message from CTA is a bit misleading because it implies that they didn't process trade cancels/errors, but they COULDN'T process any of those requests BECAUSE THEY LOST THE DATA. There may or may not have been any requests to cancel or fix errors. + +I have preserved the original post and edits below, but it IS NOT COMPLETELY CORRECT. **Volume did go missing that day, but not for the reason I originally thought and wrote about in the post.** My errors are my own and my errors can be publicly preserved for all to see! + + **MAJOR EDIT:** Wanted to issue a loud HOLD UP. I may need to revise this, have access to some new data courtesy of /u/MarketMicrostructure that is contradicting some data from the CTA error reports. Currently having discussions. I'll put his comment here. + + “Thanks. I pulled down the NYSE TAQ files for those dates. These are processed daily from the trades and quotes on the SIP feeds. They contain some fields with useful information for anyone warehousing historical data and who needs to reconstruct an accurate picture of the market for that day. + + From the spec, on page 19, the Trade Corrrection Indicator would have this sort of information: + + 00 = Regular trade which was not corrected, changed or signified as cancel or error. + 01 = Original trade which was late corrected (This record contains the original time - HHMM and the corrected data for the trade). + 07 = Original trade which was later marked as erroreous + 08 = Original trade which was later cancelled + 10 = Cancel record (This record follows '08' records) + 11 = Error record (This record follows '07' records) + 12 = Correction record (This record follows'01' records and contains the correction time and the original "incorrect" data). The final correction will be published. Unfortunately there's no record of any corrections being made to GME last week. This looks like a bug specific to whatever broker was handling the data.” + + End of his Comment and Major Edit + + **Original Post Starts Now.** + + Last week I wrote a post ([Citadel's Clear Error](https://www.reddit.com/r/Superstonk/comments/n7ap6e/citadels_clear_error/)) on "clearly erroneous executions" (CEE's) being the likely cause of volume removal from GME for a few days last week. I also made the case for this likely being done by the NYSE to remove foul play at the hands of Citadel given their special role at the NYSE. **Now there is more volume disappearing this week. I wonder why....** + + There are two pieces of context you need (partially written about in that post) for this one. + + 1. All transaction and quoting information for all stocks traded on exchanges (including dark pools) in the US are recorded using two SIPs (Securities Information Processors) called the CQS and CTS. There are three tapes here that record information, Tape A, Tape B and Tape C. (original names right?) + + 2. CEE's can be nullified if the parties involved in the trade agree to nullify things OR the exchange/a regulatory body can override the trade. I suspected it was the NYSE that overrode trades which resulted in missing volume for GME. Turns out it also could have been FINRA. Apparently this is one of the areas where FINRA can actually DO SOMETHING instead of the SEC. So who was it? Either the NYSE itself or FINRA. ([more info on FINRA and CEE's](https://www.finra.org/rules-guidance/rulebooks/finra-rules/11892)) and ([even more info on FINRA and CEE's](https://www.finra.org/rules-guidance/rulebooks/finra-rules/11893)) + + **TLDR - I believe I have proven that volume did go missing on May 5th and that the volume is missing because of cancelled trades. I have also looked at WHY Citadel would engage in clearly erroneous executions.** + + Proof of these missing volumes is in the report on an error in Tape B that occurred on May 5th that caused a reset of CQS and CTS. If you examine those Excel sheets, FINRA and CHX (Chicago Exchange) cancelled a ton of trades that day. + + You can go grab the data I looked through from [https://share.theice.com/fl/tM1LomwQn6](https://share.theice.com/fl/tM1LomwQn6) and access it with the password: CTA_May_5th + + But GME was not included under the cancelled trades in that data. Well, GME is actually on Tape A and the cancelled trades were on Tape B. Evidence for this is included in Citadel's Clear Error as [I downloaded data from the NYSE retail liquidity program from April 26-30 and GME clearly appears on Tape A](https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx). (that's the link to the NYSE excel sheet found on [this page](https://www.nyse.com/markets/liquidity-programs). + + **For May 5th, the reported GME volume from Yahoo Finance of 1.789 million shares is confirmed in the documents from the Consolidated Tape Association (CTA) for that day.** I suspect that if we could access the data for the other days, the negative volumes/removed trades would be confirmed for the other days as well. + + Resetting the CQS and CTS could have affected Tape A. The group that owns these ( the CTA) hasn't published anything indicating that Tape A was affected by the error. + + But if you look through the alerts from the CTA ([https://www.ctaplan.com/alerts#110000353886](https://www.ctaplan.com/alerts#110000353886)), you will see that they recorded the cause of this failure as a software defect and the following nugget. + + "Following the CTS/CQS restart, retransmission requests for CTS and CQS messages, as well as "trade cancels, corrections, and errors submissions" for trades processed on CTS **prior to** 11:26:56 AM ET, were not processed" (this is for May 5th). [I remember seeing a post with the data for this that confirmed the amount of transactions for this date, before this time was around 1 million shares for GME](https://www.reddit.com/r/Superstonk/comments/n6mo6q/cta_processing_issue_0505_post_mortem_with_trades/) and the amount is also confirmed in the CTA's Post Mortem files for this alert. This means that any CEE's (trade cancels, corrections and errors submissions) during this period would have not have been accounted for between this time and market open but due to the regulations surrounding CEE's would need to be resolved before the beginning of the next day. **i.e. After Hours**. + + Volume also supposedly disappeared on May 4th and 6th in the after hours for GME. There was also a post today that recorded missing data DURING THE TRADING DAY. I don't have the same level of support for the missing volume being CEE's on these days. **But I think I've conclusively shown that the missing volume on May 5th resulted from CEE's before the system was reset.** I suspect these other missing volumes would also be more CEE's but will have to dig deeper to confirm. + + **Why submit "Clearly Erroneous Executions"? Let's check some of Citadel's fines.** + + [Here's the brokercheck link.](https://files.brokercheck.finra.org/firm/firm_116797.pdf) + + **Disclosure 34 of brokercheck** + + [Check out this fine.](https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/disciplinary-actions/2018/Citadel%202016-05-00075%20Decision.pdf) + + This is one of the rare instances I could find where CITADEL ADMITTED IT DID A BAD THING. They submitted a petition to the exchange to nullify an order as clearly erroneous even when they didn't believe it was, as declaring the trade erroneous would have helped their client in this situation. Unfortunately it was only 20,000 for the fine. (LOL THESE FINE AMOUNTS ARE FUCKED). + + Also released a software update that "accidentally" ended up spamming the book with orders and cancels. + + **Disclosure 35, 36, 37 of brokercheck** + + Accidentally sent millions of orders to the exchanges with few or no executions. + + **Disclosure 38 of brokercheck** + + Market making desk fucked up and "accidentally" transmitted customer orders incorrectly. As well as erroneously "sold short, on a proprietary basis, 2.75 million shares of a stock, causing the price to fall by 77 percent during an 11 minute period". For GME holder's that's gotta sound familiar. + + **Disclosure 55 of brokercheck** + + Frivolous clearly erroneous transaction complaints. + + Many of these disclosures the fine was only levied because they "didn't have risk management procedures" in place to catch these mistakes. + + Based on the previous reasons they have been fined for abusing clearly erroneous and the confirmation of the missing volumes seen last week. I can only conclude that this is trades from Citadel clogging things up in the NYSE order book and FINRA/the NYSE have had enough of that. Their clearly erroneous trades would impact the price previously and then be cancelled. [Now that they are being cancelled live, it looks like that's the end of that](https://www.reddit.com/r/Superstonk/comments/n9xju7/volume_just_got_removed_live/). LOOKS LIKE GME IS BACK ON THE MENU BOYS (and girls!). + + **So what's causing them to be flagged as erroneous?** + + Could be a wide number of reasons. Personally, I'm going to dig into Citadel's history of wash trading (they've been fined a few times for that) so it's plausible this could be a reason the orders are being cancelled. + + *Tick tock.* + +THE MISSING VOLUME MYSTERY HAS BEEN SOLVED. +MAJOR EDIT 2: MISSING VOLUME MYSTERY SOLVED. Huge credit to /u/MarketMicrostructure as we discussed and compared data for the better part of 45 minutes. Here's the breakdown. Unfortunately since we solved the issue for this, I don't really want to include a TLDR for this. Please read it, it was a lot of work. + +So the system reset by the CTA on May 5th to the CTS and CQS to repair Tape B actually resulted in them losing ALL OF THE TRADE DATA ON TAPE A before the reset. For GME, this amounts to slightly more than 1 million shares and is included in the NYSE TAQ data (total volume of around 2.89 million shares for May 5th) and would have been included by the brokers as the day went on. This accounts for the fact that many different securities were hit as well. + +However because Tape A lost 1 million shares of data, then at the end of the day the data sent out to brokerages was significantly different than the amounts they were expecting, so they "adjusted" their data to be consistent with the Tape, even though the NYSE had processed around 2.89 million shares on May 5th. **The value of 2.89 million shares is the CORRECT VOLUME of trades for the day of May 5th, however the volume of 1.789 million shares that was reported by many brokers reflects the fact that the CTS Tape A lost data.** + +**It is also confirmed that neither the NYSE nor FINRA corrected or cancelled any error trades to GME on May 5th.** The message from CTA is a bit misleading because it implies that they didn't process trade cancels/errors, but they COULDN'T process any of those requests BECAUSE THEY LOST THE DATA. There may or may not have been any requests to cancel or fix errors. + +I have preserved the original post and edits below, but it IS NOT COMPLETELY CORRECT. **Volume did go missing that day, but not for the reason I originally thought and wrote about in the post.** My errors are my own and my errors can be publicly preserved for all to see! + + **MAJOR EDIT:** Wanted to issue a loud HOLD UP. I may need to revise this, have access to some new data courtesy of /u/MarketMicrostructure that is contradicting some data from the CTA error reports. Currently having discussions. I'll put his comment here. + + “Thanks. I pulled down the NYSE TAQ files for those dates. These are processed daily from the trades and quotes on the SIP feeds. They contain some fields with useful information for anyone warehousing historical data and who needs to reconstruct an accurate picture of the market for that day. + + From the spec, on page 19, the Trade Corrrection Indicator would have this sort of information: + + 00 = Regular trade which was not corrected, changed or signified as cancel or error. + 01 = Original trade which was late corrected (This record contains the original time - HHMM and the corrected data for the trade). + 07 = Original trade which was later marked as erroreous + 08 = Original trade which was later cancelled + 10 = Cancel record (This record follows '08' records) + 11 = Error record (This record follows '07' records) + 12 = Correction record (This record follows'01' records and contains the correction time and the original "incorrect" data). The final correction will be published. Unfortunately there's no record of any corrections being made to GME last week. This looks like a bug specific to whatever broker was handling the data.” + + End of his Comment and Major Edit + + **Original Post Starts Now.** + + Last week I wrote a post ([Citadel's Clear Error](https://www.reddit.com/r/Superstonk/comments/n7ap6e/citadels_clear_error/)) on "clearly erroneous executions" (CEE's) being the likely cause of volume removal from GME for a few days last week. I also made the case for this likely being done by the NYSE to remove foul play at the hands of Citadel given their special role at the NYSE. **Now there is more volume disappearing this week. I wonder why....** + + There are two pieces of context you need (partially written about in that post) for this one. + + 1. All transaction and quoting information for all stocks traded on exchanges (including dark pools) in the US are recorded using two SIPs (Securities Information Processors) called the CQS and CTS. There are three tapes here that record information, Tape A, Tape B and Tape C. (original names right?) + + 2. CEE's can be nullified if the parties involved in the trade agree to nullify things OR the exchange/a regulatory body can override the trade. I suspected it was the NYSE that overrode trades which resulted in missing volume for GME. Turns out it also could have been FINRA. Apparently this is one of the areas where FINRA can actually DO SOMETHING instead of the SEC. So who was it? Either the NYSE itself or FINRA. ([more info on FINRA and CEE's](https://www.finra.org/rules-guidance/rulebooks/finra-rules/11892)) and ([even more info on FINRA and CEE's](https://www.finra.org/rules-guidance/rulebooks/finra-rules/11893)) + + **TLDR - I believe I have proven that volume did go missing on May 5th and that the volume is missing because of cancelled trades. I have also looked at WHY Citadel would engage in clearly erroneous executions.** + + Proof of these missing volumes is in the report on an error in Tape B that occurred on May 5th that caused a reset of CQS and CTS. If you examine those Excel sheets, FINRA and CHX (Chicago Exchange) cancelled a ton of trades that day. + + You can go grab the data I looked through from [https://share.theice.com/fl/tM1LomwQn6](https://share.theice.com/fl/tM1LomwQn6) and access it with the password: CTA_May_5th + + But GME was not included under the cancelled trades in that data. Well, GME is actually on Tape A and the cancelled trades were on Tape B. Evidence for this is included in Citadel's Clear Error as [I downloaded data from the NYSE retail liquidity program from April 26-30 and GME clearly appears on Tape A](https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx). (that's the link to the NYSE excel sheet found on [this page](https://www.nyse.com/markets/liquidity-programs). + + **For May 5th, the reported GME volume from Yahoo Finance of 1.789 million shares is confirmed in the documents from the Consolidated Tape Association (CTA) for that day.** I suspect that if we could access the data for the other days, the negative volumes/removed trades would be confirmed for the other days as well. + + Resetting the CQS and CTS could have affected Tape A. The group that owns these ( the CTA) hasn't published anything indicating that Tape A was affected by the error. + + But if you look through the alerts from the CTA ([https://www.ctaplan.com/alerts#110000353886](https://www.ctaplan.com/alerts#110000353886)), you will see that they recorded the cause of this failure as a software defect and the following nugget. + + "Following the CTS/CQS restart, retransmission requests for CTS and CQS messages, as well as "trade cancels, corrections, and errors submissions" for trades processed on CTS **prior to** 11:26:56 AM ET, were not processed" (this is for May 5th). [I remember seeing a post with the data for this that confirmed the amount of transactions for this date, before this time was around 1 million shares for GME](https://www.reddit.com/r/Superstonk/comments/n6mo6q/cta_processing_issue_0505_post_mortem_with_trades/) and the amount is also confirmed in the CTA's Post Mortem files for this alert. This means that any CEE's (trade cancels, corrections and errors submissions) during this period would have not have been accounted for between this time and market open but due to the regulations surrounding CEE's would need to be resolved before the beginning of the next day. **i.e. After Hours**. + + Volume also supposedly disappeared on May 4th and 6th in the after hours for GME. There was also a post today that recorded missing data DURING THE TRADING DAY. I don't have the same level of support for the missing volume being CEE's on these days. **But I think I've conclusively shown that the missing volume on May 5th resulted from CEE's before the system was reset.** I suspect these other missing volumes would also be more CEE's but will have to dig deeper to confirm. + + **Why submit "Clearly Erroneous Executions"? Let's check some of Citadel's fines.** + + [Here's the brokercheck link.](https://files.brokercheck.finra.org/firm/firm_116797.pdf) + + **Disclosure 34 of brokercheck** + + [Check out this fine.](https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/disciplinary-actions/2018/Citadel%202016-05-00075%20Decision.pdf) + + This is one of the rare instances I could find where CITADEL ADMITTED IT DID A BAD THING. They submitted a petition to the exchange to nullify an order as clearly erroneous even when they didn't believe it was, as declaring the trade erroneous would have helped their client in this situation. Unfortunately it was only 20,000 for the fine. (LOL THESE FINE AMOUNTS ARE FUCKED). + + Also released a software update that "accidentally" ended up spamming the book with orders and cancels. + + **Disclosure 35, 36, 37 of brokercheck** + + Accidentally sent millions of orders to the exchanges with few or no executions. + + **Disclosure 38 of brokercheck** + + Market making desk fucked up and "accidentally" transmitted customer orders incorrectly. As well as erroneously "sold short, on a proprietary basis, 2.75 million shares of a stock, causing the price to fall by 77 percent during an 11 minute period". For GME holder's that's gotta sound familiar. + + **Disclosure 55 of brokercheck** + + Frivolous clearly erroneous transaction complaints. + + Many of these disclosures the fine was only levied because they "didn't have risk management procedures" in place to catch these mistakes. + + Based on the previous reasons they have been fined for abusing clearly erroneous and the confirmation of the missing volumes seen last week. I can only conclude that this is trades from Citadel clogging things up in the NYSE order book and FINRA/the NYSE have had enough of that. Their clearly erroneous trades would impact the price previously and then be cancelled. [Now that they are being cancelled live, it looks like that's the end of that](https://www.reddit.com/r/Superstonk/comments/n9xju7/volume_just_got_removed_live/). LOOKS LIKE GME IS BACK ON THE MENU BOYS (and girls!). + + **So what's causing them to be flagged as erroneous?** + + Could be a wide number of reasons. Personally, I'm going to dig into Citadel's history of wash trading (they've been fined a few times for that) so it's plausible this could be a reason the orders are being cancelled. + + *Tick tock.* + +THE MISSING VOLUME MYSTERY HAS BEEN SOLVED. +I see so many people on YouTube analyzing charts and using moving averages and calculations and i’m just wondering if that’s all just BS or if it’s worth learning it? + +I feel like the stock market just reacts to news and is completely random? How can you calculate that? +So a bit of background, I've been working as a casual for 15 months at my current job, they've offered me full time which I've accepted (haven't signed any contracts yet though), but shortly after I accepted I got a job offer that pays significantly more that I'm definitely going to take. So my question is how do I go about telling my current employer so as to not burn any bridges. +Anytime any of these are talked about in any manner of criticism the general consensus is “how dare you talk about my precious baby like that, it’s great!” But they can’t give you any solid reasoning behind it, they then follow up by downvoting you to oblivion or stalking your post history for anything they can use against you. + +While doge is seen as something safe because it’s been around a long time it’s not… it’s literally the OG of shitcoins where 2-3 of the main wallets hold like 50% of the supply. + +Safemoon and Shiba are both pyramid schemes and they are dangerous. While you think they may have a use-case in the real world, and they have your best interests at heart they don’t. You and your money are the only one being used. + + +This “the people’s coin” mantra that some of these shitcoins use is really stupid and I wish people would invest in projects that actually have purpose like ETH, ADA, Algo, VET or Matic. People are defending these scams here like their life depends on it and it’s sad. + + +Please research what you are getting into. The people who invest in this stuff remind me of some badly played out The Office sketch. + +Just because you hit black on the roulette and x3000 your initial bet it doesn’t mean that you made a good choice. + +Edit: Apparently some Safemoon people have been brigaded to come over here and downvote me for this post… I don’t even know anymore. +I bought a new car a couple of years ago. I financed it through the dealership. Since then, I have been making my payments on time. Last week, I received an email from my financier that my regularly scheduled payment was canceled. I looked online and much to my surprise I see that my balance is zero and my account has been closed. Checking over my payment history I see a large payment for the balance of my loan that I did not make. I made several attempts to contact my financier but couldn’t get through due to a high volume of calls because of covid....Fast forward two weeks, I receive a check from my financier for a couple hundred bucks for overpayment. Confused, I call customer service again and this time I’m able get through to a representative. I explain the situation and he says “yeah, your account is closed because your vehicle is paid off, we received a check from bank for the balance of the loan and “congratulations your vehicle is paid off. That check we sent was for overpayment of interest.” I explain again that I did not make that payment and have no idea how it was paid. He asked if it was refinanced or if a family member could have paid the balance to which I answered no. He said “well, somebody paid it off, according to our records we mailed you the title yesterday (I confirmed the address with him) and you should be receiving it in 3-7 business days, congratulations”. So my car was paid off and on top of that they sent me money back! WTF is going on, What do I do now? +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. +I'm with TD Direct investing and I have all of my money in a TFSA - TD Balanced Growth (opened Dec 2020) but the MER is a lot + +Looking to move my money into index funds and/or ETFs but am a beginner/first time + +**More about me:** + +I just finished university + +I have an emergency fund (6 months worth of cash) + +**Looking to:** + +Passively grow my money (10+ yrs), medium risk, have drip, low MER, diversify but stay mostly in CAN/US markets, follow S&P 500 + +**Things I've looked at:** + +XUS, XEQT, TEC + +VIU, VEE, VDY, VCN, VEQT, VFV + +**Any tips/advice for newbies?** +You probably heard the news, Canopy Growth stock plummet due to very high loss (+1 billion). Yesterday, Tilray (Nasdaq:TLRY) was oversold on the markets for the same reasons : the bottom line. Despite some good surprises (TSX:FIRE, TSX:APHA ), the big players keep loosing money. I lost nearly 30% since the beginning of the year : OGI,HEXO,ACB,APHA,FIRE ..... + +What do you think about the cannabis sector in Canada ? Some companies are already looking for international markets such as ACB .... +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +Specifically within the context of Canadian Insurance operations and not the shit show that is the USA at the moment; so for the purposes of discussion (and considering our border is current closed...) forget about US exposure and/or US operations. + +I could see a sharp decrease in auto claims as people are driving less. I imagine commercial would also see a decrease in claims with more people working at home; conversely perhaps an increase in home claims. + +Life will probably take the biggest hit depending on the overall Canadian death rate, but I'm also wondering how many Canadians are now also interested in starting a Life Insurance policy due to COVID-19? I don't have a Life policy personally, but COVID-19 has really provided me pause to reconsider this. I doubt this is the last Global Pandemic we will experience in our lifetime. Travel is a bit of a shit show at the moment, but I believe most travel policies have provisions regarding countries with a Level 3/4 travel advisory. + +* Thoughts on short-term or long-term predictions for the Canadian Insurance industry itself? +* Has COVID-19 impacted any of your insurance policies? +* Are you interested in starting or cancelling any new or existing insurance coverage? +I'm with TD Direct investing and I have all of my money in a TFSA - TD Balanced Growth (opened Dec 2020) but the MER is a lot + +Looking to move my money into index funds and/or ETFs but am a beginner/first time + +**More about me:** + +I just finished university + +I have an emergency fund (6 months worth of cash) + +**Looking to:** + +Passively grow my money (10+ yrs), medium risk, have drip, low MER, diversify but stay mostly in CAN/US markets, follow S&P 500 + +**Things I've looked at:** + +XUS, XEQT, TEC + +VIU, VEE, VDY, VCN, VEQT, VFV + +**Any tips/advice for newbies?** +The entire yield curve for U.S. bonds fell below 1% for the first time in history after an all-out price war between the world’s biggest oil exporters triggered an unprecedented global bond rally. + +U.S. Treasury yields plunged, with the rate on 30-year bonds diving as much as 59 basis points, as rising expectations the Federal Reserve will cut policy rates to 0% in the coming months drove investors to reach to longer maturities for yield. U.K. government bond yields tumbled below zero for the first time, Germany’s two-year bonds were close to a record, and rates in Australia and New Zealand fell to new lows. + +The spread of the coronavirus and its fallout on supply chains and consumer spending have seen a dramatic repricing of global interest-rate expectations in the past month. The jolt lower in oil from the price war will sap inflation, increasing pressure on the Fed to take rates to the lowest since the global financial crisis. + +“The more I think about it, the more it makes sense to me that that the U.S. cash rate will fall below zero some time very, very soon,” said Chris Rands, portfolio manager at Nikko Asset Management Ltd. in Sydney. “I wouldn’t be surprised if the U.S. tries negative rates, especially with the tailspin in oil now adding to the virus fears.” + +The stampede for Treasuries comes after a weekend dominated by crisis headlines including the oil price-war, plunging Chinese exports and Italy’s virus-induced lockdown. Adding to the sense of malaise, Japan posted its biggest economic contraction in more than five years, while France said its economy may barely expand. + +Risk assets plunged with S&P futures dropping about 5% to hit circuit breakers, and European stocks plunged by the most since 2016, putting the STOXX Europe 600 Index on course for a bear market. Commodity-linked currencies weakened, with Norway’s krone and Canada’s dollar falling at least 1% against the U.S. dollar. Italian bonds plunged, sending the yield on 10-year debt to 1.23%. + +Meanwhile, the yen and the euro strengthened. And the dollar, which suffered its worst week in two years, was up slightly, as soaring demand for U.S. Treasuries canceled out concerns that more Fed cuts would hurt the greenback’s appeal. The dollar has an edge over its peers by being the world’s reserve currency of choice. + +**On a Tear** + +Treasuries, the world’s deepest pool of haven assets, had been rallying in the past few weeks as the virus wreaked havoc across the globe. Federal Reserve Chairman Jerome Powell surprised markets last week with an emergency rate cut of 50 basis points, raising the specter that the virus fallout will be longer and worse than anticipated. + +**Bad Old Days** + +The yield on 10-year bonds dropped as much as 45 basis points to 0.31%, before settling at 0.5% as of 9:30 a.m. in London. Most of the German curve is now trading under negative 0.55%, which, together with the euro’s advance, may give the European Central Bank food for thought when it decides on interest rates this week. + +“We know what the financial crisis looked like, the tech wreck, but this bond rally we’re seeing is just unchartered waters,” said Stephen Miller, adviser at GSFM, a unit of Canada’s CI Financial Group. “A global recession is now a probability, not a possibility.” + +**Central Bank Action** + +Markets are pricing almost 75 basis points of rate cuts by the Fed at the March meeting, with a return to the 0% lower bound expected by the end of the year. Some are speculating that the U.S. central bank will deploy unconventional policies used to combat the global financial crisis. That’s driving the larger moves in long-dated bonds. + +Federal Reserve Bank of Boston President Eric Rosengren said Friday that policy makers should be allowed to buy a broader range of assets if they lack sufficient ammunition to fight off a recession with interest-rate cuts and bond purchases. + +Money managers are expecting the Reserve Bank of Australia to turn to QE as soon as the middle the year, while bets are increasing for the Bank of Japan to ease this month. + +“The market is panicking,” said Shinji Hiramatsu, a senior investment manager at Sompo Japan Nipponkoa Asset Management Co. in Tokyo. “Position adjustment, loss-cut buying and all sorts of buying are emerging. Everybody’s buying Treasuries.” + +&#x200B; + + [https://www.bloomberg.com/news/articles/2020-03-09/treasury-10-year-yields-sink-to-0-5-for-the-first-time?utm\_source=twitter&cmpid=socialflow-twitter-business&utm\_campaign=socialflow-organic&utm\_content=business&utm\_medium=social](https://www.bloomberg.com/news/articles/2020-03-09/treasury-10-year-yields-sink-to-0-5-for-the-first-time?utm_source=twitter&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_content=business&utm_medium=social) +I understand we're tired of these posts, but please listen. If a 51% attack occurs, all trust in Bitcoin could be lost forever. + +If 50% of hashing power is obtained, the controller of that power can double spend, even after multiple confirmations. If Ghash.IO reaches 50%, and someone hacks them or the operator decides to abuse it, Bitcoin could actually die. Thousands of coins could be sent to an exchange and double spent, resulting in false coins being sold or swapped out for different legitimate coins, and exchanges going bankrupt(causing a similar situation to MtGox, except it wouldn't be the exchanges' fault). + +With exchanges failing due to double spends, payment processors such as Bitpay and Coinbase would also fail. Without these, no merchant could accept Bitcoin reliably. + +If such an attack occurred, all merchants would lose trust in the protocol. There's already enough controversy behind Bitcoin, but the technology itself failing is enough for trust in Bitcoin to forever be destroyed. Even if everyone moved their hashing power AFTER the attack, the damage would be far too much for any major merchant to even consider trusting it again. + + +Miners, I understand you may consider Ghash.IO to be the most profitable, or the most convenient, etc, but the integrity of Bitcoin is at stake. If Bitcoin fails, your ASICs lose their value, and your profits decline far more. I hope the value and integrity of Bitcoin is more important than the slight convenience or lower fees you may get at GHash.IO. + +Thanks. + +[https://www.youtube.com/watch?v=s3fm0OujG1M&ab\_channel=PassiveIncomeInvesting](https://www.youtube.com/watch?v=s3fm0OujG1M&ab_channel=PassiveIncomeInvesting) + +&#x200B; + +His returns seem pretty crazy for a dividend portfolio. He has a lot of covered call ETFs. I don't really understand, is that type of a portfolio sustainable? He seems to think it's fairly safe, but I thought (but I'm still learning) that covered calls were risky. +So I'm 22 years old and I'm in my last semester of college. Investing has always been something that interests me, but also kind of scares me so I havnt worked up the courage to actually invest in anything. Throughout my research I've noticed dividend investing is what peaks my interests the most. + +I am a IT major so finding a well paying job hopefully shouldn't be too hard. I am hoping to be able to retire pretty early on to be able to enjoy my time. My girlfriend and I live together in an apartment and we are both on the same page when it comes to this kind of stuff. We are living a financialy minimal life because we are trying to save up money. We have no debt, but do not have much money at the moment. + +I am wondering where to start with dividend investing? Since we have done nothing is it better to start with a Roth IRA then move to investing in individual stocks? I am a little confused on what actions to take first and would love to get some opinions. + +Thanks in advanced! +Hi I just want to know what people think about my question. I want to know what people think about investing into RYLD, NUSI, and QYLD. How long are these funds going to be around? Im 15 and investing into SPHD, QYLD, RYLD and NUSI. I want to use these to build up $100,000 and then do the wheel on margin. I know it sounds crazy but I have been paper trading the wheel since Sept. 2020 on TOS. we have seen the market go from bottem right to top left of charts for a decade so it is hard to know how I will perform in March 2020 for example. Anyways are income etfs the way to go? +So i’ve only started looking into dividend investing recently but i’ve seen a few posts on this sub about investing a certain amount over time rather than all at once. + +For example lets say I have 5k to invest in T, why is it better to invest it over a few months or years rather than invest that full 5k now on a dip, or is it even better? + +Thanks for any responses! +Good morning Superstonk. I've been wanting to write this post for some time now but held back because I'm mostly a lurker and a X ape. But this morning I woke up and said fuck it. Gonna be a long one so TL;DR been poor my whole life, you guys have given me hope + +The Beginning, The Sneeze + + +So I'll start off by saying I'm sure I'm like a lot of you. Im a 80's baby that grew up on video games. In the 90's my family didn't have much but they did get me and my two siblings a Nintendo. We fucking loved it. We had Mario and Paperboy and some wrestling game where you could be a green guy and munch on your opponents head. Wish I could remember that one. Anyways, we were a southern family in Texas but my mom decided she wanted to leave the city for a more rural lifestyle. We move to Arkansas in bum fuck nowhere. Huge change. Shortly after moving my parents split. Dad moved back to Texas, we all stayed with mom. This is where the broke kicked in. Single mom, three kids, she worked at a bar and was basically a drunk. Ramen noodles for dinner every night. Her bringing drunk men home nightly while we were sleeping. On her days off leaving us home while she'd go out on the boat with some new nobody she met at the bar. I was 7, sister 10 and my older brother 13. My brother had to raise us. Don't get me wrong I I love my mother and she did what she could but life sucked. You know what I had though? My Nintendo, and a Sega. Mario and fucking Sonic. That was my escape. At school I got made fun of. I was a "poor" in a hick small town. That's next level poor. Hand me downs from my brother. Shitty shoes. Food stamps. You name it. So as time moved on this was my life. Pretty much my life until I was 17. I adapted to my poor lifestyle, and accepted it. Made friends, started skateboarding, played football, dated popular girls, got good grades. I became a pretty alright kid. Still poor but popular in a small school. With all of that though, I was still poor as fuck and still playing video games. There's a list, it goes a little like this: Nintendo, Sega, Gameboy, Sega Saturn, PlayStation, Nintendo 64, Dreamcast, PC(Tom Clancy's Rogue Spear), Xbox, PlayStation 2, Xbox 360, Xbox One, and I'm to poor still to get series X lol. I played games to take me out of my shitty life. Oh by the way, the ramen situation didn't change much. Brother went to the Marine corps and my sister ran away and got knocked up. I was 16, it was 2006 and I didnt know what the fuck I was gonna do. I did know I wanted out. So at 17 I left home, graduating a year early with a 4.0 GPA. Adapt and overcome. I moved back to Texas and immediately fell in love. Few months later she gets pregnant. I was working for my uncle but knew I had to step up. So I followed in my brother's footsteps. Joined the Marines. I swore in and had three weeks until boot camp. Girlfriend calls me one night crying, she had miscarried. I fucking lost it. But I had made a oath already and swore to it. It fucked me up mentally but I wanted purpose at this point and the military seemed logical. I needed guidance. So I went. This is all about how my life got flipped upside down.... + +The Run Up + + +So one thing I left off in all of that was that at the age of 11 I got diagnosed with depression and insomnia. Never liked medication so I just learned to deal with it. I was a bit goofy and a wild child so even being in the shitty poor lifestyle I made the best of it. But all roads have bumps and at the age of 12, I started drinking and smoking weed. You see, as I was adapting to my mental health with video games, my brother and sister went a different route and I ended up following. So by the age of 17, yeah I graduated early, but I was already a alcoholic who smoked a pack a day and had done a fuck ton of different drugs. Like I said...needed direction. Joined the military. Now I won't get into that but I'll make some key notes. Got married at 18 to the girl I was talking about earlier. Became more of a alcoholic cause, well, it's the fucking Marines. Oorah. Left to go overseas. She cheats. Get back. Try to make it work. It doesn't. So depression steps in more, thought about killing myself, went to therapy, couldn't take medication cause it mentally fucks me up more, drank more, and fucking played video games. Seriously. That is partially what saved me next to music. Therapy in the military is trash. Thennn I accidentally eat a weed brownie at a pool party (California so weed was already pretty common, and yes this did happen) and I hadn't got stoned in years, so I freaked out and told the Marine Corps about it trying to be truthful, get kicked out of the Marines in the same month I was about to get discharged Honorably for my 4 years. Yay. 22 yrs old, going thru a divorce, no money cause I partied to fucking much, what the fuck do I do now? Head back to Texas and work for my uncle again... + +Robinhood + + +So I move back to Texas, and I get back with the ex's. Fucking stupid but it's love ya know. I wanna skip the sappy shit about what happens in these years, but here's the small rundown. I basically ended up on and off with her for years. Finally get divorced, I have nowhere to live, couch hopping and hotel homelessness, still maintaining a job, still fucking drinking. In most of these years, I was in a bad state of mind. Mad at myself for the marriage and the military shit. Tried dating but I was to fucking damaged for that. Ruined every opportunity I had by drinking. In all these years you know what I didn't have? My video games. I had stopped playing. Life was to busy for that. I was to busy being sad and depressed for that. Welp. No time to be sad cause I fall asleep in a jack n the box drive thru and wake up in jail. Wrench in the ole engine. So now I'm out on bond with no court date for like a year. Link up with a girl from bum fuck nowhere Arkansas I grew up with, and I fall in love. Move back to Arkansas and try to start a new life with her and her son. Everything was going great, then the car wreck. Almost fucking died. Life changing shit. In a good way? Nope. Cause I'm a fucking idiot. So me and the girlfriend at the time, are both damaged. My shoulder is so fucked and her ankle was smashed and needed surgery. So did I but she had insurance...who the fuck can afford insurance? We were both on pain meds heavily and stuck at home and it made us hate each other. She kicks me out. Homeless again. Now I know if your still here reading this you're probably like this dude's a fucking idiot. And you would be right. But I'm telling a story and I wanna talk about my bad decisions that led me to here. Anyways. I jump couches again, can't work cause of my shoulder. Court comes up, get a breathalyzer that I have to blow in three times a day. Life is fucked. So I go sit in county for 17 days. Fun. I get out and stay with my sister. Get back with the first ex, on and off for like a year and finally leave Texas for Oklahoma with friends. + +Turn Off The Buy Button + + +So I'm gonna start skipping a lot shit cause I know y'all want a ending. But throughout this ordeal I stay in Oklahoma for a two years. Had a great relationship and a good job. Got a 4 bedroom house and shit was Gucci. Shit is gonna get a little dark here but it's all part of the story. So growing up I had a lot of close ass friends. At 26, most had overdosed or killed themselves. As a person who wanted to take that same route, I felt for them. Once my best friend died and then my second best friend accidentally killed himself (freak accident) I knew it was time to move home back to bum fuck nowhere. Once again moved here again with no plan. Broke up with good girlfriend and did a ole redo. Started working at fucking Chili's. Chili's bro. As a cook none the less. No money. Job hopped and couch hopped. Again again. Here's where my life changes. Covid hit. Already in a bad place and fucking Covid. + +MOASS + + +So if you made it this far thank you for even giving a fuck about a nobody from nowhere. Let's move forward. So throughout Covid i worked. My little town is conservative so we started opening up before everyone else. There was a wine bar on the square that opened up. Thursday was wine walk. I'm sitting outside the bar and a girl from high school approaches me. Now remember I've been married once, loved two girls, and this fucking magnificent woman who I've known since 7th grade walks up. Boom. Love at first sight. I wanted to marry that shit so hard. We get together and she tells me she hates social media. I delete it all. But I needed something. So I redownload Reddit. I like conspiracy's so I joined that sub Reddit. One day I see talks of a short squeeze of GameStop. I wanna take a step back and say, once I moved back to Arkansas in 2018, I gamed again. Brought me self care. You see my brother worked at FunCoLand when I was in 5th grade. I watched that store get bought out and turned into a GameStop right before my eyes. It was a deep engrained part of my childhood. Since then I went to GameStop for fucking everything. Games, Pokemon cards, extension packs for the N64, all of that shit. So when I see a short squeeze of GameStop going broke. I looked. Boy I'm glad I did. On January 29th, 2021, I bought my first share of GME at 383 bucks. Buy high sell low am I right 👍? Joined VV s B and went thru all the fucking migrations. Runic glory. Now I'm here. You guys are my only social media and by God I wouldn't have it any other way. You fuckers are hilarious. I might be on my smoke break at work, I start reading and fucking tear up at some of the shit you do for the world. I bought pizza two weeks ago for my bum fuck nowhere GameStop in Arkansas and the next day I saw we raised over 100k for u/BluPrince. I fucking broke down in tears. As someone who turned to video games when I needed a escape to seeing a bunch of fucking nerds take down wall Street...my bad...liquidate Wall St. You motherfuckers have my axe. I've been in the fucking Marines and I feel closer to all you losers. Get in. We're going to change the system. Burn it to the fucking ground. +No Cell? No sell. DRS. + + +Love you fucks. Thanks for changing my life. I've been living paycheck to paycheck still and I still drink a little. Ok a lot. But my life is good and Superstonk gave me hope. Let's fucking gooooo. Mr ER out. +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. +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. +Gold has been a huge disappointment. Following a glorious run up to $2k+ in early March, it’s done nothing but sell off since, shedding all of its gains and currently trading below its lows made in March 2020 during the covid crash. + +According to figures on Barchart, the sentiment is overwhelmingly bearish, with an ~80-100% sell rating for short and long term. + +But, it’s still gold… + +IVR of 25 on the ETF ($GLD) and futures ($/GC). Considering wide ATM credit spreads and/or naked short 1 standard deviation (~16 delta) puts for Aug, Sept, and/or Oct. expiration cycles. + +Despite it’s ugly performance, especially as an inflationary hedge, does anyone else like getting long gold at these levels? + +Why or why not? +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 curious what everyone’s target percentages are for capital gains vs. premium income? Are you biased to low delta CCs for example because you believe most of a return will be from capital gains or do you write low deltas and rotate in and out of positions more frequently and bias income as a higher percentage of overall returns? + +I’ve come to this sub after over a nice decade of passive B&H with a descent decade of active trading before that. I’m in my late 40s and about 8-10 years from retirement and looking to increase the income portion of my portfolio over that time. I’ve been primarily writing low-delta CCs on ETFs I own and high-delta CSPs for accumulation. I moved out of individual equities and into etfs when I became a passive investor around 2010 and prefer to stick with them despite the lower IV to reduce some risk. + +My own thesis as a long-time B&H is that capital gains(or losses) will makeup the majority of a return which is why my deltas are biased where they are but I worry sometimes about leaving too much premium on the table. My goal is underlying + 10% per year which works out to about .75% per month in extra premiums or lower cost basis . $1 mill compounded at 8% for 10-years is 2.2. $1 mill compounded at 18% for 10-years is $6 mill. A little bump in APR goes a long way. + +I’m contributing to my account at a rate that allows me to enter a block of SPY every few months so I will write a low delta naked or partially secured put on SPY, QQQ or IWM for a few months while I build the cash and raise deltas each month approaching ITM when the cash is there. If I get assigned, I’ll carry the shares for a few months on margin but this goes a long way towards lowering my cost basis on entry/assignment. Portfolio buying power is many multiples higher than these shares so no margin call or liquidation worries there. + +As retirement approaches, the idea is to start to bias deltas the other way to focus more on synthetic dividends with less market exposure but I’m here to see how this all plays out and try and learn a thing or two as well. +GOAL: I'm interested in building a house with my own hands if the market collapses. What else are you going to do with all that free time? + +What broker/transfer agent / exchange will allow a commoner like myself take delivery of lumber futures? In particular a far OTM PUT strategy repeated over and over until there's a collapse. The premium gained in the meantime would help pay for flatbed trucks and transportation costs. + +&#x200B; + +\*also doesn't have to be lumber, I figure gold and silver would also be good hording resources to have if the market collapses. + +&#x200B; + +**\*\* I'm being serious about this, I'm only thinking about selling a** ***single*** **contract.** + +[https://www.schwab.com/futures/lumber](https://www.schwab.com/futures/lumber) + +\~100K board feet of 2x4's (between 8-20ft) per 1 contract. This about 5 truckloads of lumber. + +The average modern 4,000 sqft house uses about 30K boardfeet. So 1 contract can build a small mansion or a large farm + barn. At the very least, even if it doesn't pay for transportation, I want insurance I'll be able to find lumber when market collapses. + +Also If I plan on using 2x4's as flooring instead of the cheap chipwood they got now n'days, This single contract would make for a very sturdy home. +I've been working to establish better trading rules for myself, and a little over a month ago, implemented TT's 45/21 rule. I understand that past 21 days, volatility may very likely turn a profitable trade into a loss. + +I'm wondering if anyone here lets winning trades ride longer than this in certain circumstances. For example, if I have a vertical spread with 20 DTE that's at 90% profit already (I know this is against TT ways, but hear me out), I totally agree with closing it. However, I've found several times that a spread I open is at very favorable strikes, and that closing it and opening a new one on the same stock would easily put me at more risk. + +A recent example: + +I opened a 1100/1105 bull put spread on TSLA a while ago with about a 65% POP. I forget the exact price I paid and other details, but the stock kept climbing as we all know. Around 21 DTE, TSLA was over $1400. While I understand there's still a risk it could go down and turn my trade into a loser, I felt like my spread was so far OTM that my chances of profit in holding it longer were very strong - much better than opening another 65% POP TSLA spread at, say, 1390/1400. Holding my original spread longer could potentially double my profit, but opening that new spread could wipe out my gains and then some if TSLA takes a turn. + +Again, I know there's definitely a time to take your winnings, but I feel it's not as concrete as pulling out at 21 DTE. + +What do you guys think? +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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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* +I was wondering how all of you were planning for what seems like the inevitable climate catastrophe. Both from a financial perspective (e.g., an extra $XM saved) but also any other ideas. I know it's impossible to plan for but open to ideas here. I might just be trying to give myself a false sense of security but those headlines are scary! We are obviously also trying to do our part to not add to the situation and trying to minimize our environmental impact. + +&#x200B; + +Some things we are thinking about (married couple, early 40's, could FIRE but enjoy our work so not RE yet, based in US VHCOL city): + +\-We have been trying to think about where we would move once we RE for a while now and things like rising sea levels and climate are much more a factor when we think about location + +\-Obviously having way more padding for healthcare than we thought we needed 5 years ago + +\-I have started to watch some "prepper" videos on youtube and I think I need to stop.....but am considering things like preparing a bugout bag +I have only seen a small bit of good news about the market/economy. Every article I read says we might lose 20-30% of small business, unemployment is through the roof, we extended lockdowns for another 15 days, infected numbers and death forecasted to go through the roof, other countries are about to close borders to us, etc. + +But yet, the market just keeps going up. I don’t get it. We could say it’s “priced in” but there is way too much unknown here and, frankly, things have gotten worse since the 18000 mark that the DOW reversed at. + +Maybe it is that the market truly isn’t the indicator of a failing economy? Maybe people really believe this will not be as bad as they are saying? Maybe it’s fear of missing out? + +I can’t explain it at all...can anyone help me out? +I’ve only been trading since February. The whole GameStop debacle got me intrigued. I started with $70 and currently I’m working with $2500 (of my own money). After messing around for a couple months I ended up around 40% up because of two tickers. Then I got into options. And went down. And down. And down. After two months was down 37% from up 40%. And I mulled over a strategy for awhile and liquidated everything and started over. Now I trade exclusively options. Mostly on the SPY. After 3 weeks I’m back up 40%. I don’t know if it’s a fluke, but it’s working. My question is- is this dumb? Is it sustainable (not the gains, trading only options)? Am I just dreaming and it’s all gonna crash? +I don’t need an apartment complex with an expensive pool, expensive little pond with ducks, expensive landscaping, all the extra nonsense that makes my rent/cost of living unnecessarily higher. + +I just want a small 1 bedroom house/apartment with just the basics! Toilet, shower, a/c, oven, a parking space or two and a porch. Regular floors, regular walls! It just sucks that the cheaper option for housing is living in a dangerous area or somewhere far away from work/life +There are a lot of posts refering to Ryan Cohen playing 4D chess - I think we have a check mate. + +The DTCC was trusted to provide the stock split by dividend as Gamestop intended. However as we all know, for some reason or another, the dividend got lost and shareholders around the world ended up with a regular stock split instead (as stated in gamestops latest remarks). + +I refuse to believe Gamestop and Ryan Cohen didn't know this scenario could happen. In fact, I believe they knew exactly this would happen. + +Now where do we (and especially the DTCC) go from here? Retail investors are getting loud, contacting financial regulators all around the world, brokers scrambling for shares pointing fingers to the DTCC and Gamestop and Gamestop aknowledging the mess publicly in a statement... The ball is now clearly in the DTCCs half and they need to decide how to react. Are they a) define it as a mistake or b) say they don't care if it was a stock split by dividend? + +Option a) +By stating that it was a mistake they are clearly obliged to fix this mess and provide the dividend as intended by Gamestop. But as we all know there are not enough shares to distribute and the DTCC has to come back and announce that they do not have enough shares to provide which could trigger MOASS. + +Option b) +By stating that they do not care at all they openly admit to not act in Gamestops best interest and therefore give Gamestop the right to pull it's shares back which triggers MOASS. + +It's going to be very interesting to see how the criminals at the DTCC around Mike are going to react. Fucking up the stock split by dividend was a mistake but a mistake they had to make to stay above water for one more day. + +TL:DR I believe it's a forced check mate and they at best have a handfull of moves left. +Debated writing this up for a while, but decided that I wanted to document this big shift in my FIRE journey and maybe someone will find value in it. + +**Backstory** + +My wife and I are almost a third of the way to FIRE at age 28/29. We were fortunate to both be like-minded with regards to finances, find good jobs out of state college, graduate with no debt due to scholarships, and have parental assistance for housing. We bought a house in 2018 and were on a trajectory to stay put until hitting FIRE sometime in our late 30s. + +But as a result of some COVID-induced introspection, my wife and I decided we wanted to move out of our MCOL Southwestern city. I am in consulting and my wife works in sales - we made a very comfortable living in a growing first-ring suburb. Altogether, we had a great life near family, but got the itch to do something different before starting a family. Reasons are many-fold, but largely we wanted to get out of the city I grew up in, seek adventure outside the prototypical suburban lifestyle, and experience the true city feel visiting neighborhood restaurants, walking to parks, and riding bikes around a city with actual urban infrastructure. So naturally, we went to the end of the spectrum to move to NYC. It wasn't a particularly easy decision considering we had a pretty idyllic life around my entier family and there was a fear of lifestyle inflation, but after running numbers we decided to do it about a month ago. Our tentative plan is to stay for about 3 years until starting a family and being closer to our relatives. + +**Employment / Income Statement** + +There was a business need for me to go to NYC at my company, so I received a COLA compared to my previous salary. My wife will not be getting the same, but I could see this move being positive for her career as she can interact with team members in-office now. + +We also have 2 rental properties purchased in a LCOL state + the home we have converted into a rental property. All three are occupied for at least the next year. + +Income Source | SW City | NYC +---|---|--- +Husband W2 | 146k | 175k +Wife W2 | 70k | 70k +3 rental props | 10k | 15k +*Minus taxes* | +*Minus expected yearly expenses*| *65k* | *92k* +**Projected Post-Tax Savings** | **88k**| **70k** +**+Project Pre-Tax Savings (HSA and 401ks)** | **44k**| **44k** +**Projected Total Savings** | **132k (58% savings rate )** | **114k (44% savings rate)** + + +**A Dig into Monthly Expenses (for both of us)** + +Figure it's not necessary to boil down every line item of the move. But I figured I'd call out some of the big line items from our budget that are changing. + +Category | SW City | NYC | Reasoning +---|---|----|--- +Housing | 1.6k (mortgage) | 3.7k (rent) | A painful fact of life living in NYC. Went for the 2 bed/1 bath since we both work from home some days. Each month is painful, but we love our new location so far. +Groceries | $500 | $700 | Figured we'd need a bit more breathing room to shop at local stores, but will try to head to Costco or TJ's for bigger shopping runs to keep it reasonable +Restaurants + Drinks| $300 | $600 | Doubled our budget from previous city. Why come to NYC without enjoying the diverse food options. I could see this ballooning at times due to drink prices, but we aren't big on expensive dinners so hopefully we'll be able to keep it down. +Entertainment | $100 | $300 | This includes things like going to a game, a play, or a museum. Similar to the line of thinking for restaurants + drinks. We are going to take advantage of being here. +Gas | $200 | $0 | Ah the relief of not having to drive on a daily basis +Public Transit | $0 | $100 | We will be walking and using bikes to get around between home, office, and daily chores. But need some budget for times we'll use the subway/bus + +**How This Impacted Our FIRE Plans** + +* Our current net worth (including brokerage investment, 401ks, real estate, etc.) is about 525k +* We are about 30% to our FIRE goal of a 1.8M (60k/yr at 3.25% WR) with rough projections putting us at FIRE at age 36 +* If we hadn't moved to NYC, we'd hit our goal only marginally faster sometime in the realm of age 35 +* Once we ran these numbers out of curiosity, we realized how the increased cost of living for a few years is only barely going to put us off our goal. +* Of course this doesn't factor in the cost of starting a family, emergencies, economic downturns, etc. but none of these models can account for everything! + +**Okay So What?** + +If you asked me 5 years ago if I would leave to go live in NYC I would have laughed and said hell no. But something in our lives changed and we had the urge to do something different. I don't think we would have had the confidence to do it without being on the path to FIRE. A key moment may have been reading Die with Zero and having it click that we shouldn't wait to experience the world around me until we hit that magical FIRE number. We plan to spend lavishly in our key enjoyment categories while here to maximize our time. + +Eventually, I think I'll end up back in the SW City near family (hence the 60/yr WR). But that option is always there and who knows how our lives will change out of this experience. I may even end up having to change that FIRE number to match living in a big city! + +Thanks to anyone who read. Would love to hear about any others who have had similar experiences. +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. +# Introduction + +You've probably heard over and over that Bitcoin has a 21 million supply cap. But where does that number come from? As is always the case with blockchain and cryptocurrencies it's important to understand how they work so when you decide to go all in, you can be confident that you at least understand something about where you put your money, so you can hold on for dear life as your savings dwindle to nothing before the return of the bull market (it's going to be a cold winter). + +So as we all know, bitcoin has a halving cycle that has happened approximately every four years, since its inception in 2009. The original block reward being 50 bitcoin, which was cut in half every 210,000 blocks produced. We call this the four year cycle because at 10 blocks per minute, 6 blocks are added every hour, 144 every day, and 52,560 every year. And 210,000 divided by 52,560 is 3.99 or about 4 years. + +But that's not what I want to focus on here. I want to demonstrate how using some simple mathematical techniques we can calculate the sum total of all bitcoin produced, just knowing the halving cycle and the payout from the first block. We are going to do what is called finding the limit of an infinite series. + +# Adding the Infinite with Zeno + +The most common way people are introduced to infinite series is some form of Zeno's paradox, which I'm going to butcher here so that I don't have to look up exactly what he said. Zeno claimed that it was impossible to walk between two points. He insisted that to do this you must first walk half the distance between the points, and then half again, and then half again, and so on. And at no point would you ever reach the end because you always had a little bit more to go. It may be easier to see this in this image I stole from google: + +&#x200B; + +[Figure 1: NFT I Stole From Some Poor Soul.jpg](https://preview.redd.it/6zkbhzqopa991.jpg?width=420&format=pjpg&auto=webp&s=dca72e9f5f885c4b38688025085b078164628f81) + +So to see how far we have traveled we have to add up the segments we have walked thus far, and we hope to god that this equals 1 or we may never reach the end of this hell. I added a little question mark above the equals sign, and some dots because we are really adding up an infinite list of numbers, and we don't actually have a way to figure out what this is equal to yet. + +&#x200B; + +[Figure 2: My own handmade NFT this time.jpg](https://preview.redd.it/cdr1ax78qa991.png?width=667&format=png&auto=webp&s=4b6a3b968aa51712efe424f1bf613fe6bc7cc16f) + +And it was thousands of years before anyone could figure out how to actually find the answer to this problem. Newton, the famous inventor of calculus came along and just assumed that infinite sequences and series like this *just worked* and used them to build calculus. But it wasn't until a mathematician by the name of Augustin-Louis Cauchy (that's coshie not couchie) showed up in the early 19th century that we found a way to answer to this question. And yes, I promise I'll get back to the bitcoin supply cap. + +So Cauchy came along and said that under specific circumstances there will be a number that this sequence is equal to. Here I'll call it **L**. And this only happens when the numbers we are adding together get smaller and smaller as we go along in the sequence (like in Zeno's paradox), until what we are adding is so small that it doesn't change the final answer. Basically, we have pretty much walked to the end and can just step over the finish line. + +So to put this in more mathematical terms, a **sequence** will **converge** to a **limit**, **L**, if and only if we go far enough in the sequence for the following to be true: + +&#x200B; + +[Figure 3: Sell this as an NFT, I dare you](https://preview.redd.it/ukhe6298rb991.png?width=453&format=png&auto=webp&s=a09f4c1e634bec7e87f5efd8f1b35203ebde2462) + +All this is saying is that if we go a number, **N** out in the sequence, then any sum **n** and **m,** farther then that, then the two sums become so close together that they are smaller than any number you could imagine (that is represented by the Greek symbol epsilon, thanks Zeno!) So if this is the case for our series (which it is), then we can find the limit, L, to our series and find out exactly how far we've gone. Also, those little bars (called the absolute value) mean that if the answer is negative, just make it positive. For example, if we set n equal to 6 we would get: + +[Figure 4: Quick Maths](https://preview.redd.it/t0sgbi3x3b991.png?width=551&format=png&auto=webp&s=1539d8a749598bbc06e056bdcb275e461f691fac) + +&#x200B; + +So our little epsilon is 0.01562, a *very* small number and we are starting to feel like this series might converge after all. I won't bore you with every little detail but to show this we first must write our series in a way that shows what exactly is happening with each step. To see how we do this notice that each value in the denominator of our fractions is a power of 2. + +&#x200B; + +[Figure 5: Uh-oh things are starting to get complicated](https://preview.redd.it/tsfa2iv1va991.png?width=840&format=png&auto=webp&s=12ec8fe1859b61c4d68e6cc8fd436042e1b82081) + +Now we can write this more compactly with a Greek symbol called sigma, which is just telling us to sum (add together), and we can use the letter n like we did before, to represent the power that 2 is raised to: + +&#x200B; + +[Figure 6: Even more complicated but stick with me, we're almost there!](https://preview.redd.it/zxe1umwiwa991.png?width=677&format=png&auto=webp&s=cf12379aed8b32c567bd3824eb91c9f2f163a434) + +And while this looks pretty confusing, it's actually very simple. For example if we set n equal to 5, and write this out, it looks like this: + +&#x200B; + +[Figure 7: Zeno BTFO](https://preview.redd.it/z43sy3xqwa991.png?width=983&format=png&auto=webp&s=d6354030af13bbad0141ee9259e1e03d1019209b) + +And look! We have only added 5 terms in the sequence and we're getting close to 1. So what we have here is called a **geometric series,** which is one very well understood type of infinite series, that goes to 1 (L=1) as the number of terms goes to infinity. + +# The Bitcoin Supply Cap (or why bitcoin is backed by math) + +Now we want to do this same thing but with the bitcoin supply. We know that every 210,000 blocks the number of bitcoin produced per block gets cut in half, starting with 50 bitcoin. This looks something like: + +[Figure 8: Printing BTC](https://preview.redd.it/ik748l1oya991.png?width=1066&format=png&auto=webp&s=49b90a262ff0a092dd8d7dc3efdee493eb7b8e0b) + +Where the ... represents the other 209,996 times that each number appeared before the getting cut in half at the halvening. But because we know how many times each number appears we can write this as: + +[Figure 9: How's your algebra?](https://preview.redd.it/771jc95jza991.png?width=1157&format=png&auto=webp&s=9a20fbe7a69db41cc9d316e113019e3769a2a9ce) + +Because adding 50, 210,000 times is 50 times 210,000. And look at the sequence of numbers in the parenthesis on the right hand side. They are cutting in half each time. So with a little more algebra we can work some magic to get + +&#x200B; + +[Figure 10: Seriously, how is it?](https://preview.redd.it/0yn0ksda0b991.png?width=997&format=png&auto=webp&s=4a71b644cbe73edd56ab7003fd6cbd68376f0f46) + +And look at this. We have Zeno's sequence appearing before our very eyes! Now we can rewrite this once more in a more compact form and hopefully for the last time as: + +&#x200B; + +[Figure 11: Almost there](https://preview.redd.it/9uhmv4e75b991.png?width=431&format=png&auto=webp&s=a3e1e2d1486fe0422a06bd741c32299118590cfe) + +Now we are almost there. We just have to resolve one issue that the savy among you may have already noticed. This series starts at 0 instead of 1 like Zeno's. Fixing this is actually really easy. We just write out the first term in the sequence to remove it from the sum like this: + +&#x200B; + +[Figure 12: I realize now that the comma was distracting](https://preview.redd.it/m2ss8lal5b991.png?width=846&format=png&auto=webp&s=edad8d9bb11f05cdc85c27cecca57754c14e5eb4) + +Notice how we just took the first term out where n is zero, and then just wrote the rest but started it at 1. Now noting that 2 raised to 0 is 1, the first term is just 210000\*50. And because we recognize that the series is Zeno's series, we know that it is equal to 1. So we can multiply and add all this up to get our supply cap: + +[Figure 12: Calculators out](https://preview.redd.it/7p4h199e2b991.png?width=969&format=png&auto=webp&s=647de851a03aa6d6a0ae624320cb6263e5e56f77) + +And that's how we get 21,000,000 bitcoin. We could actually do the same procedure to figure out how many years it would take to reach this number, but I wont do that here as this post is long enough. + +So if you've made it this far thanks for reading! I honestly have no idea how easy this is to follow because I don't know how much math the average cryptocurrency subreddit user knows. But if you've ever wondered why people like Michael Saylor say bitcoin is backed by math, this is it. + +TLDR: The supply cap of Bitcoin is 21,000,000 bitcoin. + +Edit: Fixed the definition of convergence. +*Edit: Adding obligatory mention of a certain connoisseur ( Criminal Kenneth C. Griffin ) of a certain condiment (mayo)* ***potentially*** *getting financially bummed over this. :)* + +Links to DTCC's doc/tweet after screenshot below. + +Posting this for wrinkle brains as there may be some 🌶 spicy 🌶 rule changes in here re: global derivatives trade reporting. + +https://preview.redd.it/kz3tyqvhlhc81.png?width=1125&format=png&auto=webp&s=053a2629607d45636489c806fbbb13517890ce81 + +# SAUCES: + +Link to **IMAGE** of new DTCC doc **on Reddit**: + +* [*https://preview.redd.it/4fu3mojk5hc81.png?width=840&format=png&auto=webp&s=0fc69efb65fdf1f86bfb71684f7e442892345fed*](https://preview.redd.it/4fu3mojk5hc81.png?width=840&format=png&auto=webp&s=0fc69efb65fdf1f86bfb71684f7e442892345fed) + +Link to **PDF** of new DTCC doc **on their website**: + +* [*https://communications.dtcc.com/rs/669-QIL-921/images/DTCC-Global-Derivatives-Regulation-Roundup-Brochure-v9bFINAL.pdf*](https://communications.dtcc.com/rs/669-QIL-921/images/DTCC-Global-Derivatives-Regulation-Roundup-Brochure-v9bFINAL.pdf) + +Link to DTCC's tweet at 8:00am ET this morning: + +* [*https://twitter.com/The\_DTCC/status/1483424035400790017*](https://twitter.com/The_DTCC/status/1483424035400790017) + +&#x200B; + +# COPYPASTA of FULL DTCC DOCUMENT BELOW: + +&#x200B; + +**DERIVATIVES TRADE REPORTING RULES ROUNDUP:** UPCOMING CHANGES IN DERIVATIVES TRADE REPORTING ACROSS THE GLOBE + +**WHAT WAS THE ORIGINAL PLAN?** + +The 2008 financial crisis shone a spotlight on the need for greater transparency in the global derivatives markets to help regulators mitigate systemic risk. In response, at the 2009 G20 Summit in Pittsburgh, policymakers agreed that all derivatives transactions should be reported to trade repositories and made available to regulators. + +As early as 2010, before the first trade repositories had gone live, DTCC amongst others, identified the potential issue of derivatives data fragmentation arising between regulatory regimes if the reporting mandates were not synchronised. It was widely agreed that maximum global data harmonization was necessary to deliver the necessary transparency which the G20 policymakers had originally envisaged through the implementation of trade reporting. + +**WHAT HAPPENED TO THAT PLAN?** + +Fast forward eleven years – while progress has been made, there remain significant differences between jurisdictions in terms of the data that must be reported, the mechanisms by which reports must be made and the standards to which reported data must conform. These jurisdictional differences fall short of the G20’s desired goal, resulting in the inability to effectively monitor the global system risk introduced by derivatives markets. + +**WHAT IS THE NEW PLAN?** + +The major jurisdictions continue to make changes to their local policies, procedures and standardsvia regulatory re-writes that frequently focus on domestic efficiency rather than global alignment. More specifically, the currently proposed changes driving the adoption of critical data elements (CDE) for derivatives trade reporting together with the use of **Unique Transaction Identifiers (UTI), Unique Product Identifiers (UPI) and Legal Entity Identifiers (LEI)** are key for enabling cross-border data aggregation that will meet the G20 original goal of identification and mitigation of cross border systemic risk. + +The **CPMI-IOSCO Harmonisation Group (Harmonization Group)** has devised standardized terminology and identified the CDE for derivatives transactions irrespective of where trades are reported, with their final list of 100 CDE published in 2018. However, Harmonisation Group standards are recommendations only, the actual adoption of CDE is within the remit of the local regulatory authority. + +The good news is that regulators in two of the world’s biggest derivatives markets, the **Commodity Futures Trading Commission (CFTC) in the US, and the European Securities and Markets Authority (ESMA) in Europe**, are aligned on some of the most important CDE of trade reporting and on the usage of standard identifiers, including UTI, UPI, Effective Date, Expiration Date, Notional Amount and Counterparty 1 (reporting counterparty) and Counterparty 2. However, differences remain in reporting fields and approaches which will create implementation burdens for market participants who will need to manage these continuing differences between jurisdictions. + +**STANDARDIZED MESSAGING FORMATS** + +The Harmonization Group also advocates an ISO 20022 message structure to ensure data is in a fully standardized format with a view to eliminating the risk of discrepancies due to different message protocols, inconsistent implementation of message protocols, and the existing need for data translation and transformation. **The ISO 20022 Derivatives working group** \[of which DTCC is a member\] is currently working on this message definition and imperative to its success will be drawing on the industry’s experience of reporting XML standards. + +https://preview.redd.it/0g9ba1hqlhc81.png?width=1028&format=png&auto=webp&s=f91fe06dd64cbda3e4d5f00d8d7a4cbb07319a70 + +***\[ TEXT FROM ABOVE SCREENSHOT:*** *"All dates are indicative, based on proposed timelines provided by the respective regulators. For more detail, please see the ‘What Regulatory Rewrites Are Coming and When Are They Due?’ section."* ***\]*** + +&#x200B; + +**WHAT REGULATORY REWRITES ARE COMING AND WHEN ARE THEY DUE?** + +**CFTC REPORTING REWRITE: Compliance Date of May 25, 2022This requires an implementation of changes to reporting by May 20, 2022 to meet the compliance date.** + +This is the most significant change to trade reporting rules in the US since OTC derivatives reporting was first implemented by the CFTC under the Dodd-Frank Act in 2012. + +In late 2020, the CFTC issued final rules revisions for OTC derivatives, which include: + +* ***Changes to data requirements:*** Requirements for reporting new swaps and the definition and adoption of swap data elements that harmonize with international technical guidance are outlined in a CFTC Technical Specifications document. Of note, the CFTC has proposed the adoption of 71% (78 out of 110) of the CPMI-IOSCO Harmonization Group’s final list of CDE. Of these 78 CDE, 51 correspond to ESMA’s required CDE. +* ***Timing of reporting:*** The regulatory update will require that some reporting counterparties, Swap Dealer (SD), Major Swap Participant (MSP) and Designated Clearing Organization (DCO), for example, report swap continuation data by T+1 following execution date, while others are required to report swap continuation data by T+2, post execution. +* ***Swap data verification:*** All SD, MSP and DCO reporting counterparties are required to verify either directly or via third party delegation, open swap data at regular intervals. Non- SD, MSP or DCO reporting counterparties are required to verify open swap data once every quarter. Should the reporting counterparty identify errors or omissions in the SDR reports they must correct the reports within seven business days and if unable to, must notify the CFTC’s Division of Market Oversight and include a remediation plan. + +**ESMA EMIR REFIT: Expected Implementation in 2023, with potential for delays** + +In December 2020, ESMA published its technical standards, including CDE, under the EMIR Refit regulation, which are in the process of being approved by the European Commission and European Union lawmakers. ESMA’s proposed timeline for implementation of the new rules is in late 2023. + +The ESMA proposed changes include: + +* ***Harmonization of data standards:*** Alignment with the global guidance developed by CPMI IOSCO on the definition, format and usage of key OTC derivatives data elements reported by trade repositories, including UTI, UPI and other CDE. ESMA’s EMIR Refit proposes adopting 75% (82 out of 110) of the CDE recommended by CPMI IOSCO. Of these, only 51 correspond to CFTC’s required CDE. +* ***End to end reporting in ISO 20022 XML:*** ESMA proposes that XML schemas developed in line with ISO 20022 methodology are adopted for reporting between trade reporting counterparties, as well as for communication between trade repositories and reporting counterparties. +* ***Standardized processes for data access:*** ESMA includes references to standardize the type of information and the timeline for setting up data access for authorities. + +**FCA EMIR REFIT: Expected Implementation To-be-determined** + +As part of the Brexit changes, EMIR REFIT was onshored to the UK regulatory regime. This does not include, however, the post Brexit changes currently being defined by ESMA as noted above. The current expectation is that the FCA will issue an industry consultation on EMIR in Q2 of 2021. + +**ASIA-PACIFIC REGION: Expected Rewrites in 2022** + +In the Asia-Pacific region, regulators are engaging with each other regularly to coordinate the re-writes and adoption of uniform transaction and products identifiers and the incorporation of CDE. The first regulator to kick it off is the Australian Securities and Investment Commission (ASIC) which initiated a review and update to the ASIC Derivative Transaction Rules (reporting) issued in 2013 to create alignment with international jurisdictions on areas such as UTI and LEI. The initial consultation process was kicked-off on 27 November 2020 and the final consultation has been deferred to Q1 2022. The new rules are due to be finalised in Q3 2022 and in-force around Q3 2023, although the schedule may be adjusted to align with other jurisdictions. + +The Monetary Authority of Singapore (MAS) has started the process to amend the Securities and Futures (Reporting of Derivatives Contracts) Regulations 2013 with its own consultation process. The MAS consultation process was kicked off in early July 2021. MAS intends to finalise the redefinition of reportable data fields and the UTI guidelines by Q2 2022 and implement the revised requirements in Q2 2023, although the schedule may be adjusted to align with other jurisdictions. + +**ASIA-PACIFIC REGION CONT’D.** + +The Hong Kong regime is jointly administered by the Securities and Futures Commission and the Hong Kong Monetary Authority which recently announced some changes to their technical specifications including adding UPI and several CDE fields with a proposed implementation date of December 2022. + +For its part, Japan’s Financial Services Agency (JFSA) is progressing with the overall harmonization efforts while the implementation is yet to be announced; it is expected that their proposed rule changes including decommissioning direct reporting framework will be made public with implementation date in Q4 this year. + +**OTHER REGIONS** + +Canadian regulators (all territories and provinces) are also considering updates to regulatory reporting rules and we expect more information in due course. + +**THE CHALLENGES THESE RULE CHANGES CREATE** + +In addition to the lack of harmonized data standards to monitor global systemic risk, these revamped trade reporting rules will create fresh challenges for market participants in terms of aligning with new and differing regulatory reporting rules. Challenges include: + +https://preview.redd.it/a7bklpyulhc81.png?width=1028&format=png&auto=webp&s=f9a65c8b16a71c573888edac6d68bc899af3e7ac + +***\[ TEXT FROM ABOVE SCREENSHOT:*** \*"\*CONSTANT REGULATORY CHANGE: *Inconsistent adoption of new data requirements – including UTI, UPI and ISO 20022 messaging – by regulators will require firms to continually reassess and update their trade reporting technology processes as the changes roll out. Compliance is and will remain a moving target, with failure potentially leading to penalties and reputational damage.* COST PRESSURE: *Operating and maintaining internal trade reporting systems is expensive. The cost of continuously updating infrastructure to accommodate differing reporting timelines and requirements will be even greater, especially if approached in a tactical versus strategic manner.* RESOURCE SKILLSET CHALLENGES: *Sourcing regulatory reporting expertise to meet multiple different jurisdictional reporting requirements is challenging for firms."* ***\]*** + +&#x200B; + +https://preview.redd.it/brhy3y4zlhc81.png?width=1028&format=png&auto=webp&s=8ae8439b4ab8ed7a0bb2aa5489a1a40e750db623 + +***\[ TEXT/LINKS FROM ABOVE SCREENSHOT: \]*** + +**HOW DTCC CAN HELP** + +When it comes to firms’ reporting infrastructure, controls and processes, firms should consider finding a service that delivers the greatest value and readies them for the regulatory changes taking effect in 2021 and beyond. The **DTCC Report Hub® service** is a highly efficient pre- and post-trade reporting solution that can help firms manage the complexities of meeting multiple regulatory mandates across jurisdictions. With comprehensive jurisdictional and regulation coverage, the service can help firms mitigate compliance risks, enhance operational efficiencies, and drive down costs. + +**Learn More** ***( BUTTON LINK:*** [*https://www.dtcc.com/repository-and-derivatives-services/dtcc-report-hub/dtcc-report-hub*](https://www.dtcc.com/repository-and-derivatives-services/dtcc-report-hub/dtcc-report-hub) ***)*** + +In addition, you can tap into our expertise to help you tackle your reporting challenges and assist in getting you reporting ready. Our **DTCC Consulting Services** is uniquely positioned to provide firms with consulting services that tap into the breadth and depth of our experience to help you transform your post-trade business operations, increase efficiencies, reduce risks and drive down costs. For over 45 years, our clients have trusted us to solve the biggest issues facing the global financial services industry. This unique vantage point has enabled us to develop techniques and tools that can help drive innovation and transformation. + +**Learn More** ***( BUTTON LINK:*** [https://www.dtcc.com/consulting](https://www.dtcc.com/consulting) ***)*** + +&#x200B; + +***\[ DTCC'S DISCLAIMER/ FINEPRINT BELOW: \]*** + +The content, information and any materials provided by The Depository Trust and Clearing Corporation (“DTCC”) and/or its affiliated companies or subsidiaries in this document is provided on an “as is” basis and for informational purposes only and does not constitute legal or compliance advice, a recommendation, offer or invitation to engage in any investment or other financial activity. DTCC disclaims all warranties, expressed or implied, as to the accuracy of any data provided, including, without limitation, liability for quality, performance and fitness for a particular purpose arising out of the use of the data. DTCC shall not have any liability, duty, or obligation for or relating to the data contained herein, any errors, inaccuracies, omissions, or delays in the data, or for any actions taken in reliance thereon. Any unauthorized use, including but not limited to copying, distributing, transmitting or otherwise of any data appearing herein without written consent is not permitted and may violate the proprietary and intellectual property rights of DTCC under applicable intellectual property laws and associated regulations and statutes. + +© 2021 DTCC. All rights reserved. DTCC, DTCC (Stylized), ADVANCING FINANCIAL MARKETS. TOGETHER, and the Interlocker graphic are registered and unregistered trademarks of The Depository Trust & Clearing Corporation. + +See [www.dtcc.com](http://www.dtcc.com) for a detailed description of DTCC, its affiliates and the services they offer. +I'm planning to quit my stressful job next year when I hit my number. One idea my fiancée and I have floated is moving to Europe for the summer (likely late May - November). We'd like to have a city or two where we would rent a nice flat or house (budget up to $20K/month) and then just live a more laid back life for a bit (reading/studying things we are interested in/good food/exercise/museums/beaches/lots of outdoor adventures in the Alps) etc. We have structured our life to have very few possessions/no kids yet/no home/etc yet our current work schedules are very demanding and we'd like to experience life outside the grind, especially before having kids/settling down more. We are "fly first class" wealthy, not "fly in my jet" wealthy. + +We aren't interested in "nomading" where we are in a different city every few days as we find this type of travel to have too much "motion" and not enough "living". We have a number of friends in similar fortunate situations who would likely join us for portions of the trip which would increase the housing budgets. + +A few questions for the community: + +1) Any recommendations of cities to base out of? We really like Geneva (close to mountains yet lively) and Paris (wonderful culture/food) but weren't as keen on London (would be better single ;). Maybe somewheres closer to the Mediterranean like the South of France/Amalfi coast? + +2) Recommendations on housing? How easy is it just to rent a nice apartment/house if you just a have a US passport (forgive me if this varies a lot in different EU countries). + +3) Any advice from people who have done a similar type of experience? + +Thanks as always, this sub is incredible. +I'm planning to quit my stressful job next year when I hit my number. One idea my fiancée and I have floated is moving to Europe for the summer (likely late May - November). We'd like to have a city or two where we would rent a nice flat or house (budget up to $20K/month) and then just live a more laid back life for a bit (reading/studying things we are interested in/good food/exercise/museums/beaches/lots of outdoor adventures in the Alps) etc. We have structured our life to have very few possessions/no kids yet/no home/etc yet our current work schedules are very demanding and we'd like to experience life outside the grind, especially before having kids/settling down more. We are "fly first class" wealthy, not "fly in my jet" wealthy. + +We aren't interested in "nomading" where we are in a different city every few days as we find this type of travel to have too much "motion" and not enough "living". We have a number of friends in similar fortunate situations who would likely join us for portions of the trip which would increase the housing budgets. + +A few questions for the community: + +1) Any recommendations of cities to base out of? We really like Geneva (close to mountains yet lively) and Paris (wonderful culture/food) but weren't as keen on London (would be better single ;). Maybe somewheres closer to the Mediterranean like the South of France/Amalfi coast? + +2) Recommendations on housing? How easy is it just to rent a nice apartment/house if you just a have a US passport (forgive me if this varies a lot in different EU countries). + +3) Any advice from people who have done a similar type of experience? + +Thanks as always, this sub is incredible. +There's a really cool [corporate connection explorer here](https://offshoreleaks.icij.org/search?q=%22Boston+Consulting%22&commit=Search&c=&j=&d=). Click on the links under the Address list here, and click on nodes to expand the connections. + +Just a quick taste: + +'Appleby' ... [who is Appleby](https://en.wikipedia.org/wiki/Appleby_(law_firm\))? + +BCG Ventures Group, connected to BCG Ventures C (Bermuda), BCG Ventures M2 (Bermuda), BCG Ventures O (Bermuda), ... just how many shell companies does an honest corp need, hmm? + +[BCG Platinion](https://bcgplatinion.com) + +iFormation Group Holdings General Partner, Ltd. Bermuda (seems they have no online presence at all?) + +Not anything earth-shaking at this level.. but maybe other apes can dig and see if there is anything deeper. +Ofcourse, no one knows for sure what's going to happen, just ~~educated~~ guesses. I personally don't think we are/going into a 'bear' market. That term gets thrown around a little too easily on this sub. I'm guessing things will pick up considerably in the next month or two but I'm a naive shrimp. + +I keep hearing a vast majority of Alts do not make it out of a true bear market. They usually reference 2017 till now. I get it, some coins get wrecked but that was also a very different time in Crypto. I think the blow to credible Alts won't be as harsh this time around. + +That being said, a number of them will not recover. This is the time to air it all out, which coin(s) will not survive? +I interviewed at a company and was contacted by their HR saying the interview went really well and they are going to extend me an offer, they just needed some more information from me first. I read some advice about not giving a number first when it came to salary negotiation so I did what I could to exclude my current salary. I gave all of the other information they asked for, but when it came to current salary I asked if it was a requirement and she replied that no, but it was strongly recommended. I said: "If it is not a requirement to move forward, then I would rather not provide that information." + +About an hour after this phone call I receive an e-mail saying that they are going to put this position on "hold" while they prioritize hiring some other positions. I spoke with someone I know within the company and he said he heard that it "rubbed them the wrong way" that I didn't provide my current salary. + +About a month later I e-mailed to follow up on the "hold" status and provided ALL of my information again including my current salary to try to move things along. I promptly received an e-mail saying that they have chosen not to go forward with me for this position. +Been dealing with an eating disorder keeping me fatigued and I haven't been able to get diagnosed yet because I lack insurance, lack an education, and it's tough to working a higher-paid labor job with this. I wrestled from 5 years young to 18 and started fasting to cut weight when I was 14. I didn't understand back then, and haven't seen a doctor even years later because of the incredible cost, knowing I'll have to pay out of pocket for multiple visits or for seeing different specialists. I'm fortunate for this amazing opportunity. And I'm positive I'm not the only ape who is waiting for the squeeze so they can finally get the treatment they need. 💎✋🦍🚀🌕 +Edit - [The source](http://www.businessinsider.com/walmart-suddenly-closes-sams-club-stores-2018-1) of the list with better format. + +8801 Old Seward Hwy, Anchorage, AK 99515 +1074 N Muldoon Rd, Anchorage, AK 99504 +48 College Rd, Fairbanks, AK 99701 +3900 Grants Mill Rd, Irondale, AL 35210 +2425 E Florence Blvd, Casa Grande, AZ 85194 +5757 E State Route 69, Prescott Valley, AZ 86314 +1375 S Arizona Ave, Chandler, AZ 85286 +15255 N Northsight Blvd, Scottsdale, AZ 85260 +3360 El Camino Ave, Sacramento, CA 95821 +17835 Gale Ave, City of Industry, CA 91748 +12540 Beach Blvd, Stanton, CA 90680 +12920 Foothill Blvd, Sylmar, CA 91342 +69 Pavilions Dr, Manchester, CT 06042 +2 Boston Post Rd, Orange, CT 06477 +355 FL-436, Fern Park, FL 32730 +7233 N Seacrest Blvd, Lantana, FL 33462 +5135 S Dale Mabry Hwy, Tampa, FL 33611 +2994 Turner Hill Rd, Lithonia, GA 30038 +501 N Randall Rd, Batavia, IL 60510 +21430 S Cicero Ave, Matteson, IL 60443 +6600 44th Ave, Moline, IL 61265 +808 S Illinois Rte 59, Naperville, IL 60540 +900 S Barrington Rd, Streamwood, IL 60107 +1055 McHenry Rd, Wheeling, IL 60090 +460 S Weber Rd, Romeoville, IL 60446 +3015 W 86th St, Indianapolis, IN 46268 +10859 E Washington St, Indianapolis, IN 46229 +4024 Elkhart Rd #1, Goshen, IN 46526 +9598 Cortana Pl, Baton Rouge, LA 70815 +9750 Reisterstown Rd, Owings Mills, MD 21117 +1 Tobias Boland Way, Worcester, MA 01607 +340 E. Edgewood Boulevard, Lansing, MI 48911 +32625 Northwestern Hwy, Farmington Hills, MI 48334 +3745 Louisiana Ave S, St Louis Park, MN 55426 +2800 27th Ave S, Moorhead, MN 56560 +11 Batchelder Rd, Seabrook, NH 03874 +81 International Dr S, Budd Lake, NJ 07828 +1900 E Linden Ave, Linden, NJ 07036 +301 Nassau Park Boulevard, Princeton, NJ 08540 +2649 Erie Blvd E, Syracuse, NY 13224 +720 Fairmount Ave, Jamestown, NY 14701 +700 Elmridge Center Dr, Rochester, NY 14626 +1600 Marketplace Dr, Rochester, NY 14623 +5085 Dawn Dr, Lumberton, NC 28360 +1101 Shiloh Glenn Dr, Morrisville, NC 27560 +4825 Marburg Ave, Cincinnati, OH 45209 +9570 Fields Ertel Rd, Loveland, OH 45140 +1145 Carr 2, Bo Florida Afuera, Barceloneta, 00617, Puerto Rico +Carr 830, Bayamón, Puerto Rico, 00957 +Carr 3 Km 82 Bo Junquitos, Humacao, 00741, Puerto Rico +615 Old Hickory Blvd, Nashville, TN 37209 +1805 Getwell Rd, Memphis, TN 38111 +1615 S Loop W, Houston, TX 77054 +13331 Westheimer Rd, Houston, TX 77077 +22296 Market Place Dr, New Caney, TX 77357 +12919 San Pedro Ave, San Antonio, TX 78216 +741 E Little Creek Rd, Norfolk, VA 23518 +4571 S Laburnum Ave, Richmond, VA 23231 +901 S Grady Way, Renton, WA 98057 +1101 Outlet Collection Way, Auburn, WA 98001 +13550 Aurora Ave N, Seattle, WA 98133 +7050 Watts Rd, Madison, WI 53719 +1540 S 108th St, West Allis, WI 53214 +Rule lifted for one day for this thread. Go for it. + +Also, please vote. You don’t need your polling card to vote. Your vote isn’t “wasted”. You can and will make an impact. + +Not sure who is standing in your constituency? Check here: https://www.bbc.co.uk/news/election-2019-50459517 + +Please note, all other rules apply, **especially** the Be Nice and No Judgement rules. +Been speculating too much lately and I want more stability in my TFSA. This month I think I’m just going to get 15 shares of RY or something like this. Or, you know, VEQT. + +On the other hand, I’m just getting started and I have a 25-30 year horizon, so maybe I’ll average down on GDNP. 😂 +I had promised myself that when Couche Tard and or Dollarama missed earnings and pulled back I'd pick them up. + +Loaded up on Couche Tard months ago and made out like a bandit. In Dollarama now (~25% portfolio allocation) at $40.50. + +Let's get the facts out of the way. + +1. It's still an expensive stock. It always has been and it will continue to be. I see Motley Fool authors saying "Don't buy, it's priced as a growth stock!" It is and it isn't. It's a stock that offers growth AND is counter-cyclic and recession accelerative... That's the holy grail. It's priced at 22x FY 2019 earnings. Yeah that's expensive, but it's not insane by any means. Loblaws and Canadian Tire are at 15x without all the benefits Dollarama offers. + +2. They're the best dollar store operator in the world. There's still room to build out in Canada and it's a model they can scale globally. Compare Dollarama's ROIC to Dollar Tree and Dollar General in the states... It's WAY higher. That's not a fluke. They're amazing at controlling costs. So would we rather buy Dollarama at 22x or Dollar Tree/General at 17x, keeping in mind the Canadian economy is weaker and the Canadian consumer is debt burdoned (both boons to Dollarama). + +To me it looks like the sky's not falling. If SHTF in the global economy it will benefit Dollarama. It trades at a reasonable multiple now... They have room to grow. Are you buying? Why or why not. +Househacking my first house hopefully in the next 12 months. I have $15k in assets on hand, but aiming for triple that at the moment that I hope to have in 12-18 months. + +Just wondering what my target goal number should be? + +For sake of argument, let’s say I get a duplex that needs very average repairs. + +Edit: 6 months of expenses for my girlfriend and I are currently $30k +hello everyone, + +i am from Paterson and even here it seems the prices are way high and taking in the 5% per repairs 5% for capex 8% per vacancy CAPEX. i am having trouble seeing how any 2 family houses for 375 to 420k with taxes being 9k plus can produce cash flow + +i have saved up for years and ready to house hack a 2 unit plus proPhillyperty but not sure if NJ is worth it and have been looking around in philly instead. + +anyone in NJ can explain? +Hi investors, I'm in the middle of purchasing a duplex property that I'll use for my primary residence and other half is a corporate rental. I'm putting a ton of money into renovations, but the next real consideration is the appliances. + +I went to Best Buy and Home Depot to look at Open Box and Returns and found some great deals (50-70% from retail with minor or no damage); however, the issue is that finding an entire kitchen set requires more of a scavenger hunt between stores... + +I'm on a smaller scale now so I can spend time on this, I know it's not attainable to go to these stores all the time as I scale. + +**How do you find deals on appliances? Do you prefer any brands in particular?** +Hi everyone! I'm interested in house-hacking as a means to financial independence after I read "Set for Life" by Scott Trench. + +&#x200B; + +I'm currently in a SFH that would sell for $260k with a monthly mortgage of **$1700/mo**. + +There is a duplex that I'm interested in with an asking price of $385k but that I'm hoping to get in for $350k. Using a 30-year fixed loan with 20% down on that duplex would result in a monthly mortgage of **$2250/mo**. The first floor rents at $1500/mo. Therefore the net savings on the mortgage would be **$950/mo**. + +&#x200B; + +What I don't understand is the time horizon for the move to become a better choice financially. It seems like it would take at least 5 years to come out ahead financially because: + +\> Assuming 8% of selling price of current home as the cost of selling the home = $20,800 + +\> After the proceeds of our home and what we currently owe on the note, we would need an additional $38,800 in cash for the down payment + +\> Closing costs on the new house would conservatively be $8000. + +Therefore, the total transactional cost would be about **$68000** (rounded up and net of selling our current home). If you divide that by the $950/mo savings in the reduced mortgage it would take about 72 months to recoup or just under 6 years. + +&#x200B; + +Am I missing anything here? This particular deal doesn't seem to accelerate a financial independence position within the next 5-10 years. + +&#x200B; +I'm new to this and have not bought a property yet. After doing research I've found that analyzing a deal only takes me like 3 minutes and the math is pretty much only addition and subtraction. Am I doing something wrong/leaving something out or is it actually this simple? I'm looking to buy and hold +What's the most you've won in a month? I'm averaging about £100. Want to hear some even bigger success stories from Ernie. I also wonder if premium bonds will become more popular now the savings rates have declined so much +Me(24M)and my girlfriend(23F)live together and we both work full time and we pay for everything ourselves. We have been struggling financially lately, especially with the insane inflation that’s been ongoing, but her brother(30M) and his fiancé(30F) keep asking us for money. My girlfriend feels bad because they have 2 kids so she gives in but it’s frustrating because we are already so tight on money and I have even been donating my plasma every week to help give us some more breathing room. + +They both work full time jobs too and I feel bad that they are struggling too and having to raise 2 kids but we have to look after ourselves too. I told my girlfriend to just say we can’t afford it or ignore their requests for money but she is a sucker because of the kids. They both drink pretty heavily too so I feel like we are just funding their drinking habits and not actually helping their childrenn. +# The issue has been resolved, thanks everyone for helping! + +I will also in preparation for the future, be buying several of the items mentioned in the thread my next check. Winter isn't over yet, and some of these items will be helpful to deal with similar or other winter issues that may come up. + +&#x200B; + +&#x200B; + +&#x200B; + +\> + +\> + +\> + +\> + +\> + +\> + +As the artic weather came in and quickly started freezing any water from the rain earlier today, when I came back from work I came to my front door and window seeing thick chunks of ice that goes up to the roof. The bottom part of it extends close to 3 inches from my door. + +So I'm in the middle of this frigid windy weather trying to figure out how to melt/destroy enough of this ice so I can get close enough to my door lock, so I can open it and get inside my house. + +I can't wait anywhere overnight, a hotel is expensive at $65 so not an option, and I don't have a car to stay in, so I NEED to get this ice out of the way, despite the dangers of the weather hazard. A side effect of not making enough to save. + +I already wasted money looking at advice from somewhere else suggesting to use diet soda (diet coke specifically,) brought a 2 liter and poured it slow, didn't do much of anything in getting through the ice. + +I have to find a way to get this done quickly. Things are getting worse and there are only two businesses open in my area now: a McDonald's, and a Exxon gas station with a convenience store. + +The McDonald's closes in less than couple hours and the Exxon closes a couple hours after that. When the McDonald's closes I'll not have access to wifi and will have to waste my phone data. So the quicker the better. + +**I have $10.35, what are affordable items I can buy that are likely to be sold at the gas station (has similar stock as a convenience store) that I can use that can remove/melt the ice so I can get to the lock on my front door, and get into my house?** + +Also to point out, **I can only be outside 10-12 minutes at a time** before I have to go back and warm up. Even with my thick coat and cap this wind cuts through it like it's a windbreaker. So the solution has to make progress. + +Everything else is closed so this is the only option I have. I need to get through this ice to my door lock. Anyone who knows what to use to melt ice I need your help! + I pasted [the article](https://www.economist.com/leaders/2020/05/07/the-market-v-the-real-economy), to exempt you from registering an account to read it. + +##Financial markets have got out of whack with the economy. Something has to give + +STOCK MARKET HISTORY is packed with drama: the 1929 crash; Black Monday in 1987, when share prices lost 20% in a day; the dotcom mania in 1999. With such precedents, nothing should come as a surprise, but the past eight weeks have been remarkable, nonetheless. A gut-wrenching sell-off in shares has been followed by a delirious rally in America. Between February 19th and March 23rd, the S&P 500 index lost a third of its value. With barely a pause it has since rocketed, recovering more than half its loss. The catalyst was news that the Federal Reserve would buy corporate bonds, helping big firms finance their debts. Investors shifted from panic to optimism without missing a beat. + +This rosy view from Wall Street should make you uneasy (see article). It contrasts with markets elsewhere. Shares in Britain and continental Europe, for example, have recovered more sluggishly. And it is a world away from life on Main Street. Even as the lockdown eases in America, the blow to jobs has been savage, with unemployment rising from 4% to about 16%, the highest rate since records began in 1948. While big firms’ shares soar and they get help from the Fed, small businesses are struggling to get cash from Uncle Sam. + +Wounds from the financial crisis of 2007-09 are being reopened. “This is the second time we’ve bailed their asses out,” grumbled Joe Biden, the Democratic presidential candidate, last month. The battle over who pays for the fiscal burdens of the pandemic is just beginning. On the present trajectory, a backlash against big business is likely. + +Start with events in the markets. Much of the improved mood is because of the Fed, which has acted more dramatically than other central banks, buying up assets on an unimagined scale. It is committed to purchasing even more corporate debt, including high-yield “junk” bonds. The market for new issues of corporate bonds, which froze in February, has reopened in spectacular style. Companies have issued $560bn of bonds in the past six weeks, double the normal level. Even beached cruise-line firms have been able to raise cash, albeit at a high price. A cascade of bankruptcies at big firms has been forestalled. The central bank has, in effect, backstopped the cashflow of America Inc. The stockmarket has taken the hint and climbed. + +The Fed has little choice—a run on the corporate-bond market would worsen a deep recession. Investors have cheered it on by piling into shares. They have nowhere else good to put their cash. Government-bond yields are barely positive in America. They are negative in Japan and much of Europe. You are guaranteed to lose money by holding them to maturity, and if inflation rises the losses would be painful. So stocks are appealing. By late March prices had fallen by enough to tempt the braver sort. They steeled themselves with the observation that much of the stockmarket’s value is tied to profits that will be made long after the covid-19 slump has given way to recovery. + +Tellingly, though, the recent rise in share prices has been uneven. Even before the pandemic the market was lopsided, and it has become more so. Bourses in Britain and continental Europe, chock-full of troubled industries like carmaking, banking and energy, have lagged behind, and there are renewed jitters over the single currency (see article). In America investors have put even more faith in a tiny group of tech darlings—Alphabet, Amazon, Apple, Facebook and Microsoft—which now make up a fifth of the S&P 500 index. There is little euphoria, just a despairing reach for the handful of businesses judged to be all-weather survivors. + +At one level, this makes good sense. Asset managers have to put money to work as best they can. But there is something wrong with how fast stock prices have moved and where they have got back to. American shares are now higher than they were in August. This would seem to imply that commerce and the broader economy can get back to business as usual. There are countless threats to such a prospect, but three stand out. + +The first is the risk of an aftershock. It is entirely possible that there will be a second wave of infections. And there are also the consequences of a steep recession to contend with—American GDP is expected to drop by about 10% in the second quarter compared with a year earlier. Many individual bosses hope that ruthless cost-cutting can help protect their margins and pay down the debts accumulated through the furlough. But in aggregate this corporate austerity will depress demand. The likely outcome is a 90% economy, running far below normal levels. + +A second hazard to reckon with is fraud. Extended booms tend to encourage shifty behaviour, and the expansion before the covid crash was the longest on record. Years of cheap money and financial engineering mean that accounting shenanigans may now be laid bare. Already there have been two notable scandals in Asia in recent weeks, at Luckin Coffee, a Chinese Starbucks wannabe, and Hin Leong, a Singaporean energy trader that has been hiding giant losses (see article). A big fraud or corporate collapse in America could rock the markets’ confidence, much as the demise of Enron shredded investors’ nerves in 2001 and Lehman Brothers led the stockmarket down in 2008. + +The most overlooked risk is of a political backlash. The slump will hurt smaller firms and leave the bigger corporate survivors in a stronger position, increasing the concentration of some industries that was already a problem before the pandemic. A crisis demands sacrifice and will leave behind a big bill. The clamour for payback will only grow louder if big business has hogged more than its share of the subsidies on offer. It is easy to imagine windfall taxes on bailed-out industries, or a sharp reversal of the steady drop in the statutory federal corporate-tax rate, which fell to 21% in 2017 after President Donald Trump’s tax reforms, from a long-term average of well over 30%. Some Democrats want to limit mergers and stop firms returning cash to their owners. + +For now, equity investors judge that the Fed has their back. But the mood of the markets can shift suddenly, as an extraordinary couple of months has proved. A one-month bear market scarcely seems enough time to absorb all the possible bad news from the pandemic and the huge uncertainty it has created. This stock market drama has a few more acts yet.■ + + +**TLDR:** + +In one sentence a TML is an institutional quality stock in a leading industry group with superior fundamentals and technicals. These are monster stocks which over the course of weeks and months increase +100% to +5,000% . These stocks are disruptors which change how we work, live, or play. + +TMLs are popular with traders/investors whose methodology is based on the CANSLIM system developed by William O'Neil. He called them Model Book Stocks. Huge winners worth studying to identify common characteristics that they all share O'Neil studied over 1000 model book stocks going back to the 1880s. Many are shown and discussed in these must read books + +* How To Make Money in Stocks, William O'Neil +* Monster Stocks: How They Set Up, Run Up, Top and Make You Money , John Boik +* The Lifecycle Trade: How to Win at Trading IPOs and Super Growth Stocks, Eric Krull, Kathy Donnelly, and Kurt Dail + +**A few Historical Examples** from William O'Neil's How To Find & Own America's Greatest Opportunities + +Apple 2003 [https://imgur.com/2Egn9z5](https://imgur.com/2Egn9z5) + +Netflix 2009 [https://imgur.com/BHCtJpo](https://imgur.com/BHCtJpo) + +Home Depot 1982 [https://imgur.com/tBU3JgU](https://imgur.com/tBU3JgU) + +Qualcomm 1997 [https://imgur.com/oYPItOW](https://imgur.com/oYPItOW) + +Yahoo 1996 [https://imgur.com/ToOxnQJ](https://imgur.com/ToOxnQJ) + +**So what are the Fundamental characteristics of a TML? You want to see superior:** + +* Quarterly Sales Growth > 25% YoY +* Quarterly Earnings Growth > 25% YoY +* Pre+After Tax Margins >20% Recent Quarters +* ROE >17% +* Annual Earnings Ests for the next year > 25% + +And above all else you want the stock to have a great story- A new and innovative product or service that changes how we work live or play. Not every TML will have all of these criteria, but in general their record should be outstanding with regards to most of them. The higher these values the better. Earnings and Sales growth over 100% YoY is ideal. Annual Estimates for next year over 100% would be exceptional. + +TMLs are also often in the Top 20 Industry groups at the times of their runs. The TML is the leader of an overall top group which is riding the tailwinds of changing environments. Recent examples $SE $SHOP $AMZN Retail-Internet and $TSLA $NIO Electric Vehicles (Auto Manufacturers) + +Additionally base liquidity is required for these stocks to be institutional quality. Dollar Volume > $30 Million is essential and most should have DV much higher than that. Accumulation by big hedge funds and mutual funds like Fidelity Contrafund are what move the markets. They won't touch a promising stock unless it has liquidity. + +**Now for Technical (Price Action) Characteristics of TMLs.** + +They should be: + +* Above a Rising 30 Week Moving Average +* Breaking out of a Stage 1 or Stage 2 Base +* Trending above Key Moving Averages (10, 21ema, 50sma) +* Volume and Price contractions within bases +* Up/Down Vol> 1.2 +* Huge gaps up on volume after Earning Beat +* And most importantly they must be showing Relative Strength, meaning they are outperforming the vast majority of stocks in the market. This. is. vital. + +During corrections and overall market weakness they should be near all time highs, above their longer term moving averages. They should be standing out like a sore thumb and yelling "Buy me". And during Market Uptrends they should be trending above the shorter term moving averages, forming sideways price shelfs during small pullbacks and then breaking out again. Most stay above their 50 SMAs and even 21 emas for extended periods of time. + +**So how to scan for them:** + +Use MarketSmith, the IBD Stock Screener, Finviz, or another screener and screen for the fundamental criteria mentioned above combined with the stock over the 200+50 SMA. It's helpful to have multiple screens splitting up the criteria for instance one scan for the earnings and one for sales. + +Here is an example Finviz TML Scan: [https://imgur.com/a/CzwHdM8](https://imgur.com/a/CzwHdM8) + +**Recent examples to study** + +$LVGO 2020 +$TSLA 2019-2020 +$DOCU 2019-2020 +$PTON 2020 +$SHOP 2016-2020 +$AMD 2018 +$ZM 2020 +So Hypothetically if I got lucky with a random coin that turned my $1,000 investment into a couple of millions and I had nothing tying me down where a currently live. + +Let's also say that I hypothetically currently live in the United States of America and speak Spanish and English + +What country would be the best place to move to? + +What would be the benefits of moving to said location? + +And bounus question, what would be the requirements of moving to this country? + +Again, this is only a thought expirement to get an idea of what everybody thinks is the best location to move to if I hypothetically became a "insert coin name here" millionaire. + +Tldr: pretending, wen moon? Where I go? +We're trying to buy a house as first time buyers. We've kept a close eye on rightmove, zoopla and onthemarket and get alerts to new properties in the area we're interested in that match what we're looking for. We then book a viewing for the earliest day. + +The first house we were interested in had 3 offers on the first day of viewings, we didn't have a DIP so we're unable to make an offer just yet + +The second house we viewed we put an offer on the day after viewing (We were one of the first viewings), but they had accepted an offer from a cash buyer instead. + +The third we booked a viewing on for the next day, we got a call that morning to say it had been sold (which was within 24 hours of listing). + +The last one we saw yesterday which was the first day of viewings, we made an offer and was told 4 other people have made offers. + + +Is this normal? Or are the two bedroom terraced houses we're looking for in the area just highly sort after? + +Starting to feel disheartened as it's a 3 hour round trip for each viewing for us, we've seen plenty of others we didn't like too. + +Edit: Thanks for all the comments! +Just about roughly a year ago I entered crypto. And to be honest as most I just went in for money, to get rich quick. Back then I did not knew shit about what crypto actually is. The most I knew was that crypto is a payment system that is kind of anti government (decentralized). + +Over that one year I went from dumb to well still dumb but knowledge about crypto person. As there are not many who know much about crypto yet just as I one year ago, I'm finally good at something. + +You will gather a lot of knowledge about crypto in just a very small time, eventhough it's pretty complex all you will want to do it as it either actually interests you or you just think it should interest you. + +With time going the knowledge is going to expand and you will know what crypto is about. And if you support that idea you won't care about short term prices anymore. The only thing you would want is that crypto becomes even more successful, more known. + +So it's all going shift from money to knowledge, from short term to long term. +Just about roughly a year ago I entered crypto. And to be honest as most I just went in for money, to get rich quick. Back then I did not knew shit about what crypto actually is. The most I knew was that crypto is a payment system that is kind of anti government (decentralized). + +Over that one year I went from dumb to well still dumb but knowledge about crypto person. As there are not many who know much about crypto yet just as I one year ago, I'm finally good at something. + +You will gather a lot of knowledge about crypto in just a very small time, eventhough it's pretty complex all you will want to do it as it either actually interests you or you just think it should interest you. + +With time going the knowledge is going to expand and you will know what crypto is about. And if you support that idea you won't care about short term prices anymore. The only thing you would want is that crypto becomes even more successful, more known. + +So it's all going shift from money to knowledge, from short term to long term. +Happy New Year ladies and gents! + +Today is the day, going to open 2 Vanguard stocks and shares ISAs for us (in my name) and our daughter (in my partners name) due to low costs. Looking to invest, £100pm into both for a long period 20+ years. Looking to invest in 2 global index funds. Do fancy FTSE Global All Cap Index Fund - Accumulation and FTSE Developed World ex-U.K equity Index Fund Accumulation. + +What do you think? Good choice or would you go for something else? +I moved to Hackney (London) in February of this year. I'm aware that the council is still trying to fix the issues from the cyber attack they received one year ago. + +I've completed the form to inform them that I'm a new resident and I was told that because of the cyber attack, there would be a delay in them setting up my direct debit. + +I have yet to receive an update from the Hackney Council about the situation, and so far I've paid £0 since I moved in. I don't understand how a council can survive without taking Council Tax money from its residents. Is anyone else in the same boat here? Am I going to be hit by a massive council tax fee for back arrears soon? +Good evening Apes. + +This is not financial advise - People have called me out for calling MOASS early... I called MOASS in February (and every week since then). Obviously timing MOASS is pretty hard - but we can look for other signals. I keep getting drawn back to the China Property Shit Show... + +I do believe the China High Yield Bond Market is already exploding and have some truth below. See you can't fake this. You can fake a lot of things, as we've seen, but you cant fake hundreds of billions of dollars of debt. + +Most of these bonds are gonna get you around 11 percent. The ten year treasury is 1.45pct. You telling me your money is good on a 8.5 pct bond maturing next year trading at 35 cents on the dollar. Okay guy... Thats a shitty bond if Ive ever seen one. + +[https://www.bondsupermart.com/bsm/bond-factsheet/XS1580431143](https://www.bondsupermart.com/bsm/bond-factsheet/XS1580431143) + +As a proxy, I can use the Black Rock Asian High Yield Fund. Although it did not fully crash during the Covid Sell off of March 2021, this fund is only 5.8% above the Covid lows - + +[https:\/\/www.blackrock.com\/sg\/en\/products\/291686\/blackrock-asian-high-yield-bond-fund#\/](https://preview.redd.it/veoim82d99y71.png?width=812&format=png&auto=webp&s=427efe1af706935d893eb376cc7321b5da383ebb) + +Whats in this Fund? + +[32.76 Percent of the fund is Construction... ](https://preview.redd.it/su4rn3xsa9y71.png?width=964&format=png&auto=webp&s=622901a5eae6cd4dd1ab65e8847ae64bd03acf69) + +Whats more interesting is how Black Rock are reporting the distribution(s). See if you don't know, Black Rock and big firms packaged these bonds together and sell in the form of Mutual Funds and ETF's. They pass these off in monthly distributions - + +[So Black Rock just don't report the distributions anymore - Black Rock removed the image above \^](https://preview.redd.it/x8z71eabb9y71.png?width=309&format=png&auto=webp&s=76dd51b003d275da32706e14ab3787153bf38fb9) + +[https://www.reddit.com/r/Superstonk/comments/qn7gii/the\_asia\_high\_yield\_fund\_dividend\_went\_down\_27/](https://www.reddit.com/r/Superstonk/comments/qn7gii/the_asia_high_yield_fund_dividend_went_down_27/) I saved it here and cant find this information above on the Black Rock Site - + +In August on 2021 the Distribution Dropped from .15 cents per share, to .11 cents per share. So whats a 4 cent drop on 15 cents? It goes like this... + +11cents/15cents = .73 - + +so - the distribution dropped 27 percent - Wow.... And the fact that Black Rock have removed this from their site is so sketchy lol... Have a look and see if you can find it yourself? + +**Heres where it gets interesting - 27% of the dividend is missing -** + +This fund is about 32% "Real Estate" (see above). I believe, that the missing dividend is a direct cause from the defaulting "Real Estate" holdings in the Fund. + +[https://www.blackrock.com/sg/en/products/291686/blackrock-asian-high-yield-bond-fund#/](https://www.blackrock.com/sg/en/products/291686/blackrock-asian-high-yield-bond-fund#/) + +Take a look at the new fact sheet - no information on the yield or dividend - Is Black Rock hiding China Default? + +I would like some wrinkles to look over this and let me know if I'm stupid AF - But. + +**TL:DR - The Asia High Yield Bond Market has has a 27 percent drop in coupon payments - Black Rock has modified their website to hide the distribution information. The Asia High Yield Bond Market has been stressed since August, when the fuckery accounting began.** +Im in the air force, with a wife and a daughter. I'm just wanting to gain knowledge and try to figure out what's best for me. Tell me what paths did you guys take. Any background is welcome. :] +What is happening with the Russel 2000, its down when the market is up? Is this the beginning of a rotation or just an occasional drop? Allot of small speculative stocks are down several days in a row now such as: + +PLTR -4 days + +ARVL -5 days + +HYLN -5 days + +QS -4 days + +BLNK -4 days + +LAZR -5 days + +OTLY -3 days + +&#x200B; + +And many more. Of the 60 stocks I watch in this category (small & speculative) about half have been dropping for 3 days in a row or more. Another third have been dropping for at least 2 days. + +I remember reading that Ark was unloading PLTR including 18.5M worth just yesterday alone. So again is this the beginning of a rotation or just an occasional drop? Is the time to sell or buy? + +The Russell 2000 is down -1% almost uninterrupted so far. Looks to me like the beginning of a correction, but I have to admit I dont have allot of experience watching this specific index nor am I aware of a specific catalyst for the drop. + +edit 11:30am: literary every single EV related stock in my watch list (20 in total) is down including TSLA. +Is it a good time to buy [ENB.TO](https://ENB.TO) now ?I am new at investing, but I have been doing some research on Canadian companies and I stumbled upon [ENB.TO](https://ENB.TO), their last presentation looks promising. what do you guys think ? + +And what are your thoughts on oil/gas stocks overall? + +EDIT: Thank you all for the insight. I end up buying 200 shares of ENB. looking at the 5 years chart, it seems to me it can easily jump up to $55+/ share. Plus, they pay good dividends. +Watching American YouTubers show their portfolios on M1 finance makes me so jealous. The layout, graphs, allocation settings, fractional shares and so much more. + +Maybe I haven't done enough DD on Canadian brokerages, I currently use Questrade, Qtrade and Wealth Simple Trade. + +Out of the 3 I listed it seems like WST is the most ambitious. I know Canadians will never have it as good as our neighbors. + +What are your thoughts on when/if we get something similar, and who do you think is the brokerage of the future for Canadians. + +Cheers. +Hi everyone, + +I'm worried about the inflationary period we are currently in. I figured my savings account isn't a good place for my money because of the eroding purchasing power during such times. Should i keep an emergency fund in cash and dump the rest into a low-risk etf? If so, can anyone recommend one? I think this discussion would benefit others who are wondering the same. Thanks in advance! +Veteran Bay Street financier and entrepreneur Sam Duboc is set to take his telemedicine startup MindBeacon Software Inc. public on the Toronto Stock Exchange amid a surge in demand for digitally delivered health services during the pandemic. + +The five-year-old Toronto company, which provides mental health therapy over the internet through its Beacon service, has tapped TD Securities and Credit Suisse Securities to lead the offering, which is expected to be filed publicly within days and is targeting a $50-million raise, said an anonymous source familiar with the situation. Bloom Burton & Co. and Canaccord Genuity Group Inc. are also part of the underwriting syndicate. + +MindBeacon set out this year to raise $30-million from private investors but shifted course to raise a larger amount from public investors given the strong performance of technology stocks, including the successful TSX initial public offering of Nuvei Corp. NVEI-T +2.19%increase + and Dye & Durham Corp. DND-T +3.12%increase +, the source said. MindBeacon had previously raised $38-million from backers including Green Shield Canada, Manulife Financial Corp., and Telus Ventures. + +The Globe is withholding the source’s identity as they are not authorized to speak publicly on the deal. In a brief e-mail response to questions about the IPO, Mr. Duboc wrote, “Nothing to say at this point.” + +Widespread sheltering at home during the pandemic has translated into significant growth for companies that deliver online health care, prompting a rush of investment into the sector. Canada’s two largest telemedicine service providers, Dialogue Technologies Inc. and Maple Corp., have each raised tens of millions of dollars this year from investors including Sun Life Financial Inc., Caisse de dépôt et placement du Québec, Power Corp. of Canada’s Portag3 Ventures, and Loblaw. Dialogue has also explored going public. Shares of TSX-listed Well Health Technologies Corp., which also provides virtual health care services, have more than quadrupled this year. + +Mr. Duboc co-founded private equity firm EdgeStone Capital Partners, as well as Air Miles parent LoyaltyOne Co., and has previously served as chair of the Business Development Bank of Canada. + +He has also been open about his past struggles with depression. That led him to join in 2015 with CBT Associates, a private Toronto provider of cognitive behavioral therapy to treat people with mental health issues, including anxiety, depression and post-traumatic stress disorder – a form of treatment that Mr. Duboc has said helped him. He and his wife partnered with CBT Associates to form MindBeacon and develop a digital service for patients to access practitioners remotely. CBT co-founder Dr. Peter Farvolden is chief science officer. + +MindBeacon’s services are provided by Telus Corp., Rogers Communications Inc. and Maple Leaf Sports and Entertainment Ltd., among others, to their employees. Insurers including Blue Cross, Manulife, Green Shield Canada and SSQ Insurance have sponsored free access to online clinical psychologists through Beacon during the pandemic. + +MindBeacon told prospective investors earlier this year that it expects revenue in 2020 to double to $9.4-million from 2019 levels, according to an investor document obtained by The Globe and Mail. It is forecasting revenues will more than double again in each of the next three years. + +The company is looking for funds to expand its care offerings, hire sales and marketing staff, expand to the United States and beef up its data analytics and artificial intelligence capabilities. + +https://www.theglobeandmail.com/business/article-toronto-telemedicine-company-mindbeacon-looks-to-go-public-on-tsx-as/ +And there we have it... China replies with a devaluation of their currency. Kyle Bass wins. Markets get slapped. Holding on to my teddy bear... this is probably the next big correction. +Rob Carrick writing in the Globe & Mail described Scotia iTrade this way: + +"Log into your iTrade account and you’ll see what a top broker of 10 years ago would have looked like. Fortunately, Scotia says a website and app modernization is coming this year." + +I am experiencing considerable frustration with iTrade these days: Slowness and difficulty configuring FlightDesk so it operates smoothly. + +Does anybody know when the Scotia iTrade modernization is scheduled to occur in 2022? + +Or should I make a move to another discount broker? +I'd like to hear outside perspective on TransAlta Renewables Inc. (RNW.TO). I saw them mentioned in a G&M article this weekend. I took a look and they seem to be a decent buy right now, along with the dividend yield. I am a long horizon investor and can be patient. + +Please make the case against them. I am aware of the $75-$100 million replacement costs upcoming at Kent Hills. Is there more to the story that I'm missing? Other major red flags elsewhere? + +Thanks in advance! +And there we have it... China replies with a devaluation of their currency. Kyle Bass wins. Markets get slapped. Holding on to my teddy bear... this is probably the next big correction. +**Is there a way to instantly transfer funds from a chequing/savings account to my investment account?** + +I'm relatively new to investing, I normally use the "pay bills" function from my banking to fund my investment account but it usually takes at least 1 business day for the funds to show up, which kind of sucks in cases where a stock price drops on a certain day but I can't purchase until a day or two later. I bank with Tangerine and invest with TD Direct Investing if it makes a difference. + +Thanks in advance! +I have recently been researching and learning about this trading tool 'Ichimoku Kinko Hyo', it includes most notably the Ichimoku Clouds. This turns out to be quite a bit more than just another indicator with a lot of history, a lot of depth and a whole bunch of information inside which is most useful for identifying and holding onto the main body of big trends. + + I'm quite excited about experimenting using this system and learning about how to trade with it in further detail. I don't think I've ever seen it mentioned in this sub so I'm curious if anyone uses/ has used it, or if people would be curious about it - if so I can post about my learning experience with it. + + + +Let me know and I can do a follow up post + +Edit : spelling +So I am new to trading Forex. About 1 week in. I opened a demo account and have around an 80% W/L, and I started with $5,000. 1 week later and a handful of trades later I'm sitting on $32,000. My leverage is averaging around 300:1, and I merely rely on trends and reversals. I've had 3 50+ pip trades, mostly with USDJPY. I see people talking here about growing accounts so slowly, and not to believe in the get rich quick scheme. I manage most risk with SLs that are pretty tight, and I move them up as I make profit to secure it. Is this beginners luck, or is there not as much learning as anticipated? I was planning to spend months before going live, but I'm the most patient impatient person. +Hi! +Slowly but surely learning about forex etc, but I have one question regarding leverage, since my native isn't English, it is tough for me to understand a technical text that easily and some things I might understand a bit incorrectly. + +When leverage is let's say 1:500, 0.01 lot trading allowed. So let's say I put in a 1000$, it gets me a trading position at 500 000$. When I lose like 100 000$ with that leveraged sum, am I now in 99 000$ debt? I fail to understand leverage a bit, why would a broker just give you 500 000$ to trade etc. + +Hope the questions was clear :D +I'm curious as to where I should start investing my time. I'm 22, I love to read, learn, study trends, make use of data, current events, you name it. I've started to make a living for myself with a company I helped start that manages Pay Per Click Advertising. I've networked myself into a great position, while still having very low living expenses, and I don’t even graduate from business school until this May. + + +The point is, I'm making a good living now and know I will be coming into quite a bit of extra income when I graduate, enough to establish some risk capital for me to start investing safety. +I have been learning and reading immensely about the Foriegn Exchange (FOREX) market and obviously the US Stock exchange. I’ve been reading the Wall Street Journal the past 6 months and just basically want a deep, deeeeep understanding of what I am doing before I start making major decisions (None of those Oanda demo accounts) with my money. I was approached from an old friend who was trying to get me into that ImarketsLive "Global Visionariez" "Forex makes You Rich" bullshit which I have researched deeply and found to be bullshit. This turned me off from Forex trading, although I know it’s an incredible economy of scale. + + +I am trying to figure out, from some experienced folk, where I should continue putting my learning efforts? I want to continue learning and researching how to trade and find leverage for at least another 3-6 months before I make any moves. Which is a more realistic route to take? Which market has the best opportunity? I’m open for all interpretation so please share! Thank you. + +-Jon +Now before you all call me stupid I'm fully aware that this might be a daft idea which is why I'm asking here. I'm inheriting about £100k at some point down the line. Over the past week I've watched a few hours of videos and introductions to Forex, and it seems that with an amount like mine there's potential to make a serious income. I'm not just gonna dive in head first and gamble it all away because I am completely inexperienced with this and I know how easy it would be to lose it all, so I'm asking for advice. If I dedicate myself do you think it'd be worthwhile to start Forex(ing)?, or would it just be a better and much safer way to keep this in say an ISA? + +If Forex is the way, does anyone have any general advice? Thanks:) +VP (pro FX prop trader in the US) from Forex Q&A podcast and nononsenseforex.com YouTube, suggests rarely trading USD pairs, and especially not the EURUSD nearly as often as you probably do. + +He suggests because USD are most widely traded, they are most commonly fucked with - and you have a better chance of longevity/success when you’re under the radar of the big banks. + +EURUSD specifically is where the most traders are, and beginners alike, which is easy money for the banks. + +I’ve opened up some crosses I’ve never looked into and compared them to the movement of USD pairs, specifically around Daily S/R zones, and I’m kind of seeing what he’s talking about. + +Lots more wicks and “stop hunts” so to speak on USD than some of the lesser traded crosses. + +What’s your thoughts on this? + +Edit: it’s just a shocking title. I’m not actually asking if EU is the worst pair, but moreso your thought of trading less USD because of “manipulation”, and if the less common crosses may actually be better to trade. + +After all, everyone tells beginners to trade EU or AU... 🤔 +Hey everyone! + +I started learning about technical analysis and paper trading 2 years ago and started trading with real money one year ago on this month. So far I've blown 2 accounts. I honestly don't know what I'm doing wrong. + +I always trade with the trend, I only enter a trade on support and resistance levels, I only take trades with at least a 1:3 RR, I set my SL and TP on support and resistance levels. + +[This is what my charts normally look like.](https://www.tradingview.com/x/7M5rCIZ0/) Maybe you can tell me what I'm doing wrong or what I am missing. + +Any help would be appreciated. Trading full time would be my ideal job but I'm still far from where I want to be. + +Thanks everyone! +I am sort of new to forex, although have spent months learning the market/patterns etc. Have been practice trading on different pairs, but have liked USDJPY the most so lately I have focused on USDJPY. Was wondering if you all have had any tips on making a trading strategy? I have primarily just been using support/resistance and breakouts, but not sure where to start for a strategy. + +Edit: Wasn’t expecting so many replies so not able to respond to each one, but thank you all for helping me out !!! Am checking out a lot of the things you all mentioned + +Edit #2: Price action trading seems to be the best suit for me, so i have started learning/researching it more and trying it on different pairs +I've been very interested in forex trading but im still learning the ropes and I do understand the years of experience and education it takes to see substantial results. I am also however a talented musician and would like to build a career in music. Would it be possible to indulge in building a music career while being a forex trader? I would appericiate some advice any of you can give! +Reading a recent post in this community, I saw that a lot of people are concerned about "almost" passing a challenge. + + +It would be great to do so, of course, but keep in mind that passing a challenge doesn't make all your problems go away, or that you will live on the beach and work 1h a day for the rest of your life 😆 + +After passing a challenge, you would have to trade for a whole month and reach your **very first profit split**, which most people actually **never get** (You really need to be the top 1% ***of the*** top 1%). + +If you manage to achieve that, you would trade for at least a few more weeks and only then you can be sure that you've mastered your emotions, risk managing and strategy for long term. + +Congratulations after that! +Hi, + +Im lookin for people who are mentored by supplyanddemandguy. I've been in his mentorship for 1 month and then suddenly he went MIA (with my money ofc)... +THE ortex data anomaly today was very similar to what happened with TSLA after there split in 2020. They had a similar spike in on shares new that happened about the same time after the split that GME just had. + +The TSLA split set off there squeeze. The obligations, shares on loan, utilization are all much larger on GME in 2022 + +**TSLA stock SPlit 2020** + +On loan new spiked T+2 after split, this 88M spike in On loan- new caused no change in the shares on loan + +Roughly 90 days later there was a corresponding spike of 109M in new shares on loan that DID cause a change a shares on loan + +https://preview.redd.it/3o0kp14i9fw91.png?width=585&format=png&auto=webp&s=b49ba0f53b1f0bc281d9a59cfaedf40e3dfbebac + +G**ME split 2022** + +On loan spiked T+2 after split, this 43M spike in On loan - new cause no change in the shares on loan + +Roughly 90 days later (TODAY) there is a corresponding spike of 115M in on loan- new......which we will see if changes share on loan. (I think it will) + +&#x200B; + +https://preview.redd.it/5jnmsbmbbfw91.png?width=616&format=png&auto=webp&s=d325e3aaaf23fffeaa3d19f94a6bed08cbddaffe + +Interesting fact- TSLA was at 10% UTILIZATION before the split and spiked to 20% during the split and jumped to 23% with the spike in On loan-new 90+ days later. + +Gme was at 100% Utilization pre split, and 100% Utilization now + +TSLA started squeeze after the split, they had decreasing volume after + +[TSLA post Split](https://preview.redd.it/s3j6pn2djfw91.png?width=1517&format=png&auto=webp&s=d80543c230ac4a1a4cab3768745869c15c91dff1) + +&#x200B; + +[TSLA shares on loan decreasing price increasing after Shares on loan new spike](https://preview.redd.it/bw87i4kokfw91.png?width=1915&format=png&auto=webp&s=1ad943a6c2bb268e4fd796b56ebbda10c25e08bb) + +Ortex in their statement said that the shares were borrowed but not to sell short..... + +what other reasons would you borrow stock- + +https://preview.redd.it/f22rx24ihfw91.png?width=1034&format=png&auto=webp&s=6ed341cfc152a063f2ba7f0106ebb9a35d87a7ac + +DIVIDEND ARBITRAGE- ring any bells? + +I will update post when we get updated ortex data in the morning, but from the TSLA example it looks like the spike in borrowing is to cover obligations created by the split. +One of the most controversial things in all my previous posts have been when I mentioned I am self insured as someone who FIREd in my 40s (now in my mid 50s). While I often get the predictable name calling and general questioning of my sanity, I also get a lot of questions about how it works in practice, so anytime something comes up, I try to post about the process to show exactly how it works. + +Last week I developed some alarming symptoms. Top of my feet were numb, middle of my back was also tight, lower back was feeling mild pain, blood pressure was up, was getting dizzy when I stood up, etc...just a bunch of stuff that had me worried. So I walked in to my local Advanced Practice Clinic. No waiting, they could see me right away. Went over everything with the staff, they took blood to be sampled for full diagnostic. Cost for walk in visit and blood tests was a total of $180. They also sent me to an independent x-ray lab to see if something was out of place in my spine causing a nerve to be pinched. X-ray tech took a total of 16 slides from upper to lower spine. Total X-ray cost $70. They also gave me prescription for the back pain, $20 for a 90 day supply of muscle relaxers. + +Blood test results came back next day. Turned out it was caused by mainly a lack of salt in my system, along with some other electrolytes being depleted. I don't add salt to my food, and it has been extremely hot here recently. I exercise outdoors, and try to get most of it done in early morning, but I still have been sweating buckets while getting in my 5 miles a day. Losing all this sweat, along with drinking lots of water and urinating a lot meant what little salt I get in my diet was all being flushed out of my system before it was being absorbed as it should be...so what seemed like scary issues turned out to be just an adjustment of me getting more salt and electrolytes in my diet during this heat wave. I made the adjustment, got almost immediate results. They said it might take a week or so for me to get back to where I should be 100%, but anyway...medical crisis adverted for a total of $270. + +I usually get my blood work done once a year, but since this caused it to be done mid year, it was nice to see the overall results showed everything was great except that electrolyte issue. Said I had the lowest cholesterol level they had ever seen, even beating my previous low results. (I explained my diet to them) + +I hope this doesn't start yet another debate about how stupid I am for self insuring, but I did want to show real numbers and real issues as they arise. This brings my total medical expenditures for the year to just over $300. +This started as a simple curiosity search that quickly devolved into a rabbit hole. + +As I read about the partnership with Immutable X on gamestop's investor relations page, I noticed a mention of a company, an LLC, called GME Entertainment LLC. My interest was automatically piqued and i dove in headfirst. + +I search up the company and I find this: [https://opencorporates.com/companies/us\_tx/0803220867](https://opencorporates.com/companies/us_tx/0803220867) + +Which lists recent filings for the company, as well as a slew of other useful information. the officers/directors mentioned on this page are currently or have been employed by gamestop. + +Scrolling down to recent filings, I see 3: + +*24 Jan 2022*[REVERSAL OF TAX FORFEITURE](https://opencorporates.com/filings/1068247983) + +*20 Aug 2021*[TAX FORFEITURE](https://opencorporates.com/filings/983842170) + +*25 Jan 2019*[APPLICATION FOR REGISTRATION](https://opencorporates.com/filings/846859190) + +Since this company is in Grapevine, I know that Texas laws apply, and Tax forfeiture is defined as such in texas: + +**Tax forfeiture is the** process by which the state takes ownership of a property if property **taxes** are not paid. + +One may also ask, what does Franchise Tax involuntarily ended mean in Texas? **Franchise Tax Involuntarily Ended**. The entity's registration or certificate was **ended** as a result of a **tax** forfeiture or an administrative forfeiture by **Texas** Secretary of State. + +Regarding this, what does it mean when a company is forfeited? + +When a state government labels a **corporation** as "**forfeited**," that's bad news. A **forfeited** corporate entity loses its right to operate in that state. In California, for example, the **corporation** can't defend against a lawsuit or enforce its contracts, and loses the right to its **business** name. + +Well that all sounds very bad, so I guess it's a good thing that it's been reversed as of January 24 of this year.... Hmmmm.... Sounds like someone had their subsidiary taken away by the state of texas (possibly due to purposely negligent previous board members that RC ousted?) and as of 2 weeks ago, that has been reversed. interesting timing. + +&#x200B; + +The lack of mention of this company, [which itself is a branch of a delaware company filed in 2018](https://www.bizapedia.com/de/gme-entertainment-llc.html) is very weird to me, considering that [Dan L Reed](https://www.bloomberg.com/profile/person/21086941) who currently works at GameStop Corp as Senior VP/secretary/general counsel, is listed as one of the officers/directors of the GME Entertainment LLC. + +This all reminded me of a very familiar message we were given + +https://preview.redd.it/brqi03230nf81.png?width=800&format=png&auto=webp&s=475e8e6e19443a4b167792e865756124d7c6ce1c + +"Work for a stealth startup unit within a large public corp" + +I know this isn't really conclusive, but I'm hoping that by sharing this info someone else is able to piggyback off it or maybe find it useful in some other way. Could this be our stealth startup? + +&#x200B; + +Buy hold DRS + +Be excellent to each other + +Await your destiny + +&#x200B; + +Edit: A user u/Low-Finance-4068 with too little karma to comment has pointed out to me that RC tweeted "69" on the 27th, only 3 days after the tax forfeiture reversal. A reversal of 6 would be 9. Could have been some kind of nod to it? +I have $5K left on my smallest debt and I’m trying to pay it off by Christmas. I have a “boring” plan that involves throwing extra income at it from my day job and side hustle, but I thought it could be a fun question for this subreddit. What’s the weirdest/funniest/dumbest ways you’ve made some extra money? +PL gov decided to apply PCC tax (1% of value of each trade) to BTC. This means bot owners could owe more then 100% in tax, they can lose all BTC and be in debt. + +Today on Friday 19th at 13:00 PL we start a demonstration against this incredibly stupid move, in front of tax ministry. + +One poster for it https://www.wykop.pl/cdn/c3201142/comment_QUOfshvISHTkJBgldlmbevi7Qm8us02f.jpg + +Please share especially to any Polish friends. + +Poland really needs to recognize BTC as foreign currency and stop being most backwards in this topic in entire Europe. + + +**Edit** links: + +Some updates https://mobile.twitter.com/VoteFractal + +One of leaders of the protest and also Bitcoin advocate contact Poland: +https://mobile.twitter.com/SlawomirMentzen + +Facebook of that civil action https://m.facebook.com/events/1642547495835545/ +**This proposal was created by another member who wishes to remain anonymous.** + +**Re-posted as you apparently can not schedule Governance polls** +Comedy posts earn 10% of Moons compared to other regular posts. They are fun and I enjoy reading them, however the comments are very repetitive and you almost know what the top few comments will say before you even read them. + + + +This proposal will reduce contribution point multiplier on comments within comedy threads back to 1x instead of the 2x that was enacted in [CCIP-001](https://www.reddit.com/r/CryptoCurrency/comments/k12wnd/moon_proposal_double_comment_karma/), which should help alleviate the constant repetition of the same responses to jokes. **It will only affect threads flaired as "comedy".** + +[View Poll](https://www.reddit.com/poll/r1uqrc) +I've never posted here and I probably won't ever again, to be honest. However, I had a thought I wanted to put into text before I forgot it and I truly believe it to be relevant to your interests. + +I'm sure many of you have seen all the different posts today about net neutrality and what a future without it would look like, but these posts are missing what should be one of our greatest concerns as individuals. Pay to play trading. + +Pay to play trading is the term I am using to describe what large companies, organizations, firms, etc. will be able to do to create an unfair advantage in the market place. Large companies will be able to pay significant amounts of money to ISPs to make trades earlier, faster, and more often, thus controlling the markets more than they already do. + +Trading firms are already looking for every advantage by determining which internet connections are able to transmit information a thousandth of a millisecond before other connections, but with pay to play trading it becomes that much easier for them. + +I don't know if this is the right place as I know most of you are concerned with long term investments, but trust me when I say this will also have an impact on you as well. + +Thanks for reading and have a good night. +RBI has approved the plan and said moratorium will be lifted in 3 working days. So it's expected that the withdrawal limit will be removed by 6 PM on March 18. + +https://www.moneycontrol.com/news/business/companies/yes-bank-govt-notifies-reconstruction-scheme-on-march-14-rescue-plan-effect-withdrawal-limit-3-working-days-5032731.html +I am new to share market and i have noticed huge variations happening during stock splits and quarterly meetings. So i created a script which sends a mail daily about the upcoming splits and meetings. I am thinking of converting it into a reddit bot.Before doing it thought of asking the opinion of the community. And does this subreddit have any antibot rule? +https://www.google.com/amp/s/www.cnbctv18.com/market/stocks/co-location-case-nse-to-disgorge-rs-624-89-crore-with-12-interest-from-april-1-2014-3139441.htm/amp + +What fresh hell is this ? What will happen to our investments ? Do we sit like ducks for 6 months? +Optima Restore is a very popular health insurance plan, originally introduced by ApolloMunich, and came into HDFC fold when it acquired ApolloMunich. HDFC did not make any changes to the plan at the time of the acquisition, but that is changing now. + +As a policy holder, here's a snippet from the email I received recently. + +> We are also taking this opportunity to enhance Optima Restore, with new benefits that you can choose. As we progress with the implementation of newer features and further options that’ll be made available to you in due course, we are happy to provide you a brief overview of the things to come. + +* You will have the option of renewing your Optima Restore policy for a 3 year period and choosing a higher base sum insured plan up to ₹1 cr. + +* Your restore coverage that offers you 100% of your cover restored instantly after the first claim, has been further enhanced with ‘Unlimited Restore Benefit’ option and will now be available to you as an optional benefit. This optional cover will trigger unlimited times and is available for all subsequent claims in a policy year. + +* Critical illnesses induce greater uncertainty and distress. We bring you an optional cover that equips you with the means to manage financial outlay required in those uncertain times. This add-on makes a wholesome proposition as it offers comprehensive coverage for 50 critical illnesses, ensuring means to manage your overall well-being. + +Due to servicing a lot of Covid claims in 2021, they are revising the rates as well. The rates itself will be communicated later (during renewal in my case). + +I will be in the market soon comparing policies (to port to) if they mess around with it too much. +We encourage all our visitors to ask those investing related questions they were always too afraid to ask. This thread will be moderated, to ensure it remains free of harassment and other undesirable behavior. + +The members of /r/IndiaInvestments are here to answer and educate! + +If you are looking for which brokerage to use, which fund house is more capable and trustworthy, which investing platform to use, which insurance company is reliable etc., you may want to read the reviews for [banking and financial services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new), [mutual funds and asset management services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new), [brokerage products and services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), and [insurance products and services](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new). Generally speaking, there is no best company, or fund, or bank. Answers are always subjective to your personal needs, but those threads a starting point for you to look at what other Redditors have to say about a company, product or service. You, may then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is "I have 10,000 rupees, what do I do?" or anything similar. There is no single answer to this question, but we will also need A LOT MORE information if we are to give some sort of answer + +* How old are you? +* Are you employed/making income? +* How much? What are your objectives with this money? +* What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?) +* What are you current holdings? (Do you already have exposure to specific funds and sectors?) +* Any other assets? House paid off? Cars? Expensive partner? +* What is your time horizon? Do you need this money next month? Next 20yrs? +* Any big debts? +* Any other relevant financial information will be useful to give you a proper answer. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! + +Previous Threads [Links](https://www.reddit.com/r/IndiaInvestments/search/?q=%22bi-weekly%20advice%20thread%22&restrict_sr=1&t=all&sort=new) +An unmarried uncle of mine passed away and I have come to inherit 1/3rd of what was left of his property. It's not all cash, some stocks and bonds, and some jewelry. + +As much as I am sad that my uncle died, I can't help but feel that invested properly I could live off this money for the rest of my life. Not that I'm not going to work or anything. I'm in the last few months of engineering college and already found a job at a good enough product company. So until I educate myself thoroughly about personal finance(which as of now I know nothing about and would likely take at least a year or two to get myself in the know) I'm probably just going to dump all the cash in a savings account. + +Do you guys think it is a good idea to just put it all in a bank account for a short term(maybe 2-3 years)?and what are some nice places on the web where I could learn about personal investments and stuff? +So I've been saving up to buy a shop/office/showroom(if I wait to save up for even more) in a prime location in tier-1 city of this part of the country. The builder has their PDFs-data structured out well, in terms of mode of payments. I'm a newb-noob person in investment altogether. I'm thinking from a perspective that if I buy this, I'll have a solid asset in my life(from this start point in my life). Asking whether it would be good or not, is a shallow question perhaps. + +The structure is somewhat like, we buy it right now, we will get the possession in next 3 years. Once that happens they will also find the tenant to rent this shop/office/showroom for. Whatever rent comes through that, they will get around 9% (or some percent) of commision for next 10 years. I know this is like a common format in the market, but since I didn't know the technical tname name for it, I thought to describe it in words. + +I know it is safe because my cousin has invested in it in recent past. I want to know what are the technical, social, political metrics that I should analyse before buying this. I have searched online, but articles, websites are obviously too generic. YouTube videos are often times some kind of promotion. So please advice, guide, recommend any knowledge that can help me in long term.^(not only in real estate but weatlth compounding creation in general, as a software engineer I only know how to get job and work, and on the way to learn investments :) ) +High Tide Inc (HITIF) is a Canadian Cannabis retailer founded in 2009, Since then it has expanded into an expansive retail chain with over 69 branded stores across Canada and many more now to come across the US. + +Stuff you should know about HITIF and it's place in the industry: + +* It has been having record profits for months now. This is a sustainable company! +* Has applied for a nasdaq listing via reverse split, this should be coming soon within 1-2 weeks! +* This company has a gross margin of 38%. That is almost 6x as much as SNDL at 6.53%. +* It has the best balance sheet in the entire Canadian cannabis industry: [https://www.bnnbloomberg.ca/video/bruce-campbell-discusses-high-tide-inc\~1899753](https://www.bnnbloomberg.ca/video/bruce-campbell-discusses-high-tide-inc~1899753) +* Share price as of writing is 0.41$. SNDL is over 1$! +* HITIF has a publicly available float of 75%. Compared to SNDL at around 94%. +* 25% insider owned! +* HITIF average daily volume is roughly 6x compared to half a month ago. SNDL volume has increased roughly 5x within the same time period. +* Taking into account the fact that SNDL has nearly 2x the total float of HITIF and is still valued at over a dollar, this means that HITIF is still 4x less valuable as a stock compared to SNDL. +* For a company that is already established and improving within a bullish cannabis market while comparing it to SNDL which has already began growing much further into its actual valuation, I believe HITIF has a LOT of room to run. +* HITIF is still not available on RH yet! This means that if your broker already provides access to this ticker you are still early to the game!! Once more people start piling onto this it will become available on many more brokerages such as RH where much more money will come in. + +More stuff! + +* Aurora cannabis and Aphria are both invested into High Tide. +* They literally have celebrity deals with names like Snoop Dog (walking cannabis advert) and Guns n' Roses!!! +* This company is the largest Canadian cannabis retailer yet still has a quarter of its revenue coming from the US. With plans now to expand vastly across the US we can expect this to have a huge impact on the company. +* They have a really good management team, the company is really quite business orientated and tries to please their investors. +* High Tide plans to double its store count by the end of the year. + +Basically this company is really undervalued because its really profitable. New emerging cannabis market in the US means this company can now expand into it to grow more, Biden legalisation etc... + +Company is also financially sound and unlike many companies that are overvalued and yet to grow into their valuation, High Tide is the exact opposite. + +Price target??: Heck 10x within a few months actually sounds doable. + +Recent catalyst: + +[https://www.newcannabisventures.com/high-tide-sells-units-at-c0-48-to-raise-c15-million/](https://www.newcannabisventures.com/high-tide-sells-units-at-c0-48-to-raise-c15-million/)High Tide has just had an offering for over 10% of its total float! This is a massive amount. + +Other Stuff: + +Thought this would be cool to show you. Slump caused by recent market hype stock shit, expect it to go up again soon! + +[https://imgur.com/a/SYMI8gq](https://imgur.com/a/SYMI8gq) <-- edit changed this link because the one b4 was broken + +Position: 1k shares at 0.41$ + +Sources: + +[https://hightideinc.com/wp-content/uploads/2021/01/High-Tide-Investor-Presentation-2021-01-18.pdf](https://hightideinc.com/wp-content/uploads/2021/01/High-Tide-Investor-Presentation-2021-01-18.pdf) + +[https://www.marketwatch.com/investing/stock/hitif?mod=mw\_quote\_tab](https://www.marketwatch.com/investing/stock/hitif?mod=mw_quote_tab) + +[https://www.marketwatch.com/investing/stock/sndl/financials?mod=mw\_quote\_tab](https://www.marketwatch.com/investing/stock/sndl/financials?mod=mw_quote_tab) + +Edit: someone also made another DD on this and would like me to attach it so here you go https://docs.google.com/document/u/0/d/1mnW6Ehhhkkj2vHX9owNvusWXfjRpsa99ecaY1kWLdPg/mobilebasic this one is quite good +With dozens of news articles suggesting a pivot in the market and millions of people believing it (I’ve been seeing a lot of talk of pivoting on this sub with literally 0 evidence), Powell finally said that it’s simply foolish to even TALK about a pivot in regards to lowering interest rates. + +The temporary inflation stats are still “low”because we’ve been draining our oil reserves to keep energy costs down. + +I genuinely believe it has just started and 2023-2024 are going to be truly rough years. The feds aren’t even done raising rates and won’t be done until early next year, and then they’ll like keep that rate for months. + +Seems like a lot of denial around here. The ONLY good thing is how strong the labor market is, but that might change soon with loads of zombie companies going out of business in the next year or two, and loads of hiring freezes and lowering of consumer confidence. + +Listen; I’m a long time investor. I put 14% in my 401k every month no matter what. Will the market recover? Absolutely in my opinion, but it’s going to take a while. + +The fed finally has the balls to fight inflation. And I’m all for it, because inflation is PERMANENT, with lower and middle class Americans losing purchasing power by the day, while a temporary crash in asset prices is literally fine, because they’ll recover eventually. +Hello, + +Thoughout this subreddit, I've heard a lot of advice mentioning it would be beneficial to have your dividend stocks in a tax-advantaged account such as a Roth IRA. I have a couple of questions as this doesn't make any sense to me. + +To start, I'm aware the DRIP is tax free when reinvested, but what happens if you want to cash out the dividend before you hit the 60ish age requirements (aka, FIRE)? You would still be taxed plus a 10% penalty right? + +Secondly, you are hard-capped at $6,500 per year into your Roth, a value that is WAY lower than I'm currently contributing to my portfolio (like 10x lower). + +Is there a benefit I'm missing? My Roth is being maxed every year into a pure growth etf like VTI and all my dividend stocks are in a taxable portfolio with all dividends reinvested. + +Thank you in advance! +Does anyone else get momentarily deterred when you have a really low average price you don’t want to “ruin”? + +I have logical decisions I’m making about upcoming election sales. One of them includes AAPL. But after the split, my average price is 34.98, and it’s so beautiful that at every drop I’ve just been buying more of other stuff. I NEED TO GET OVER IT 😂 + +I don’t know if it’s too much day trading mixed in with my long term portfolio or what, but I’m hoping I’m not the only one who occasionally gets a little bit psychologically attached to an average price and has a hard time letting go. + +I KNOW I need to buy more. I’m GOING to buy more. It’s just going to break my heart a bit to see that number change 😅 Am I alone? +Ok maybe far fetched but here is why I believe Nikola's surge is completely unjustifiable. + + - Zero revenues: The company has zero revenues and does not expect to see any through 2021. + + - Preorders: Anyone can preorder a vehicle through their website without placing a down payment. My theory here is that Milton is doing so to avoid a potential investigation by the SEC should the orders not be fulfilled (even though they explicitly state so in their filings). Otherwise, why wouldn't Milton require customers to place down payments? 250 bucks, 500? It doesnt make sense, something seems fishy. + + - Trevor Milton: This man has pocketed almost $8B (per wikipedia) within the past month without delivering any substance to support such a big payday. Just potential delivery numbers that no one knows will even be met. He posts one picture of a concept car and investors lose their shit. Nikola is now valued between the range of $22-$25 billion, essentially larger than American Airlines and Delta Airlines combined. I've compiled a list of established companies and their market caps to compare with Nikola: + +Market Caps: +Nikola: $25B +Ford: $24B +Realty Income: $20B +Delta Airlines: $17B +Carnival Cruise Line: $14B +American Airlines: $6B + +You read that right, a company with no revenues, no production facility, and no operations, is larger than a Big 3 car manufacturer, one of the largest and growing real estate companies, 2 goddamn airliners, and a global carnival cruise line. + +Watching their videos on YouTube explains most of it though, they are very convincing in their marketing and personalities. Point blank, they look cool and revolutionary but they are missing everything else. + +The stock is currently trading around $60/share, and this... this my friends has taught me so much about market manipulation. + +It's a great story to tell though and I have to give it to the Nikola team, they're essentially a shell company who are in the process of yeeting billions of dollars of investors money and all it took was a few pictures of a concept car and 2 prototypes. + +Congrats Mr. Milton. +I’m not in a position or interested in owning a bank (31M, $800k NW), but know of a few families in my general area who are 2nd and 3rd generation bank owners for banks with $250MM-$500MM in assets. My question isn’t exactly fatFIRE related but maybe tangentially related: what goes into owning a regional bank? How do you go about owning a bank? How much money do they make? Et cetera. I realize many of these are probably just general business questions but it seems like a bit of black magic to me. None of these are questions I’d want to ask any of these people directly. Just curious is all. +&#x200B; + +[Waited 1 full month for my account to be old enough to post this.](https://preview.redd.it/ahsyz76dm3p61.png?width=1882&format=png&auto=webp&s=c5553fc7b0cab1d5c3ba49a0e39a3668a01da1c6) + +My fellow retards, I do believe that I have a talent in timing the top. + +\#reverseoracle anyone? +Since weird stuff is happening right now.. Bitcoin joined New York Stock Exchange, Bitcoin and Ethereum is coming closer and closer to ATH, Elon is shilling his favorite Crypto coins, everyone and their mother are making Crypto predictions that make no sense and are completly false. + +Please for god's sake, dont take a LOAN to invest into this... and even worse, do not leverage the loan on exchanges, that's pure suicide ticket. +Sell your car, sell your stuff, get money however you want, but skip the bank loan part. + +&#x200B; + +Thanks for coming to my ted talk. +Been lurking this sub for awhile. Thank you for all the great content. + +I’m looking for some guidance for someone who is looking to achieve FIRE within the next 5 years or so but also live a fairly premium lifestyle. + +$3M (today’s value - market ughh) tied up in one tech stock. Half is vested today the other half vesting over next 4 years. Likelihood to earn more stock. + +W2 anywhere from 350-500. Can use 425K average. +Primary residence = $2M. $450K left on mortgage. +Weekend residence = $1.5M. $350K left on mortgage. +Rental propert (old house) = $650K. $250K left on mortgage but cash flow neutral. +Commercial building = $900K with $600K left on mortgage. +Own a cafe in the building that covers the mortgage + profit from the cafe. + +Married. 3 young kids, all under 10yo, who all go to a $40K school. +Country club dues of $15K a year. +At least 1-2 fam vacations covered by miles and points a year. + +I can stay this course. But it doesn’t get me FIRE. + +I have two external options on the table. I’d forego 1.5M in stock over 4 years but my W2 would prob go back to 700K-$1M which is where it was several years ago. Plus a healthy stock grant in a company that *may* go public within next 2-3 years. + +I’m a bit at a loss what to do. I either have equity in properties or equity in a single tech stock. + +I have about half a mil in savings for retirement. And a smattering of other accounts with a few hundred K here and there. + +I feel like I’m cruising without a plan and because I’ve earned well for years now it feels like it will always come. Ego aside I’m prob in the top 10% WW of what I do so there’s no shortage of offers. + +I’m also a little bored. I’d like to achieve FIRE in the next 5 or so to spend a lot more time with my kids. +Hi all, long time listener and learner here... + +I own a house that is making me slight positive monthly cash flow in a small city. With the seller's market currently, I'm thinking of listing it for about 130% of the purchase price from a few years back. I just refinanced to take advantage of low rates, as well. + +I want to buy a house in a HCOL. I can afford it without selling the first house, but I wonder if I can negotiate a high sale due to the nature of the market. I ran the numbers, and it would take nearly a decade of collecting rent (minus any expenses along the way) before the monthly cashflow would overtake the potential profit of selling. + +Am I missing something? I feel like it would make sense to sell now during the frenzy, than to hold on and collect pennies over the next few decades. In general, does it make sense since I don't plan on buying more than 2-3 total rental properties over the next decade? The upfront capital I could get would be used for other investments and potentially the new (overpriced...) second house. + +Thanks for the advice ! + + +Edit- Thank you all for the solid advice. I'll continue to think this over. I hadn't thought enough about the potential losses due to taxes and sales costs. It still may be worth it to have more money now to invest than a slow trickle. Happy Holidays! +Hi! . If my husband got his real estate license and I was buying/selling a home without him on the loan/title, could I use him as an agent and pay him the 6% commission that I would have otherwise paid to another real estate agent in CA ? +I'm an American citizen living abroad and looking into buying investment properties in Europe for vacation homes / short-term rentals. This would be my first real estate purchase. + +I know each country is different, but in general, is there anything to look out for? Where would you find experts to help navigate the purchase? Would it generally be better to start a business in the country of purchase and buy it under the company? Would I be getting a loan locally, or from my US bank? I'm just not really sure the best place to start. +Its a fairly simple strategy. Get a loan, buy one of these multi-unit builds and then house-hack and live rent free basically. + +I'm just starting out in real estate and just doing for fairly basic looking on Zillow, but never see many if any of these options. How long did it take you to find one of these multi-unit builds? +I recently started researching into Bahamian RE, in particular multiplexes. Here’s what I found so far, and it looks way too good to be true, but also some odd things I noticed. All in all still good. Maybe I’m missing the catch, or it’s an untapped market? + +-Multiplexes for sale seem to be always occupied, listings often state they’re fully rented out including rent amounts. 1:100 rules etc. nearly always apply, getting off market deals most likely will yield even better buying opportunities +-There’s barely any listings for condos to rent, if there’s some they disappear very fast +-There's a ton of listings for multiplexes to buy +-Multiplexes stay on market for an average of 307 days +-There's very spare information to find, there’s no statistics on occupation rates, rent price developments or re price developments +-Historically Nassau has been spared from hurricanes that hit the island group, however climate change might increase the risk +-Nassau population is growing faster than the US population +-Laws are heavily in favor of landlords, police will evict non paying tenants on your behalf without court order + +While there’s some negatives I don’t see how the upsides aren’t outweighing heavily. But the market seems to think differently. Is this market just too small to be attractive to investors? +Would love to hear some opinions or start a discussion +Brookfield Asset Management has historically been a darling, and a means to get into alternative investments for ordinary investors that doesn't have access to private equity. + +Is this a case of Brookfield just being caught in the "sell everything" downdraft? I find it hard to believe the value of Brookfield with their great management team and asset portfolio would have really gone down that much. + +Is this way oversold? + +Time to buy more, relative to other investments / equities? +It seems all I hear from investors is put your money into an index fund, but it seems like it’s always in American funds, VOO, VTI, QQQ, for example, and we all know there are tax repercussions on American dividends paid within a TFSA. + +So is there a Canadian fund I should be looking at for my tfsa? + +Sorry if this is a stupid question + +Edit to include some personal information, in case that is helpful. + +38YO, trying my best to make up for lost time investing. Currently I hold BMO, AQN, SRU-UN and DBM. +Thanks to to all that read this. + +About a year ago, I gave the proceeds of a home sale to a ScotiaBank advisor while I was out of country. My criteria was a safe holding spot for a year or two but hopefully with some returns that beat inflation. There was a chance I would need the money for a real estate purchase within that timeframe. + +He maxed out my TFSA (with Scotia Partners Balanced Income Portfolio mutualities finds) and put the rest in non registered mutual funds (Scotia Partners Balanced Income Portfolio Class). I also have some RRSPs in ScotiaBank that were from before the sale. + +I should note that he forgot to actually buy the funds for the TFSA, leaving $50k+ in cash until I noticed a month later, then used it to purchase more non registered mutual funds instead. A month later I was reviewing and realized what he had done. He then sold the mutual funds (I had to realize a small capital gain here) and bought them again in the TFSA. Ok he made a mistake, no problem. + +Slowly, due to the website lacking even the most basic information on how my funds were doing compared to book value and a recognition that he was full of talk and slow to respond to even the simplest requests (like how much I should expect to receive in dividends per year), I started to get angry. + +Using the statements of the purchases, I had to create a spreadsheet that showed how much they were making vs how much I had made. I found that that ScotiaBank made as much as I did in this 16 months. + +I sent him an email explaining my frustration and a request that he find a way to satisfy my need for information on a regular basis to which he didn’t respond. + +I then sent another email asking him to liquidate all the funds and sent the cash to my TD account. He called and had a little tantrum on the phone and I hung up on him. + +That day he liquidated the non registered but didn’t touch the TFSA or RRSP. So I still have about half of the funds in Scotia with this childish person and he is withholding any advice on getting the money out properly. + +I have a few questions for anyone able to give me some advice. + +1. How do I get the TFSA money to my self directed? Either sell to cash, then move the cash to my self directed? Or is there a way to bring it into TD without a sale? If a sale is necessary, why didn’t he liquidate it when asked? + +2. My RRSPs. Kind of the same question but I know there are tax consequences so this can be transferred in kind? My understanding is that the request has to come from the destination bank so how do I get this to my self directed? + +Cheers! + +I've just about had it with Scotia's nickel-and-diming. Intend to move stuff for commission-free trading. + +To those who have moved to National Bank: any regrets? + +Thanks! +I figured this sub was just a group think tank and that’s why the same names kept getting thrown around (shop, lspd, quis, Csu, gib, otex). Decided to dig a little deeper and found there’s only 45ish actual tech stocks on all of the TSX. And most of em are penny stocks barely hanging onto life 20 years after the dotcom bubble. + +Maybe this isn’t news to anyone else but I was personally pretty shocked. You’d think we could get a little more variety rather than just drowning in oil and mining tickers. +This is a cross post from r/hut8 but I think a few people for here would appreciate this: + +—- + +Hey! Just got off the phone with Suzanne Ennis (Sue) the head of IR for Hut8. I addressed the points that were added to the discussion and this is the result;- + +PR - recently hired Redchip US (they brought RIOT to market) & North in Canada. They didn't announce as they didn't see a need to do so, I informed her retail does enjoy seeing the announcements as others have made them, however, they still feel that PR to announce it is not needed. +Share Buy Back - Company is looking at possibly adding a dividend in the future & will focus on building up the BTC treasury. The company is aware of stock price & is invested themselves (specifically Sue said she was, can't speak for anyone else but I would imagine so). + +Miners - Lots of companies have announced their miners, however, large amounts of them are actually LOI's (letter of intent), many things can go wrong with this. Someone can simply offer a manufacturer more $ and they'll lose the shipment. They feel that announcing miners without 100% follow-through is disingenuous and would lead to an erosion of trust in the company and potential legal action. They did, however, update me on the new GPUs being installed which will lead us in mid Q2 to 9.3 BTC mined per day. Miles above our competition. + +500M Shelf *dilution* - The company was +$40.6M Q4 2020 and has notified Coindesk to post a meaningful retraction of the article or possible legal action could ensue. The shelf is there if a large opportunity comes up and they need funds towards it. However, she did specify currently they're not using it but they can/will in the future if need be. Also, yes the warrants are included, however, they may, or may not sell them. Legally she couldn't specify. + +Uplisting - Quote “you’re on the right page, I'm a very direct communicator and it sucks that I can't say anything to you guys but legally I can't, legal has been very strict about this."; I believe this means the up-list is most definitely on track and we'll see it by Q1-Q2. The hiring of Redchip is massive for this. + +Shorts - The company is aware of the extreme shorting in Canada, sadly due to our lack of regulations there's not much they can do about it. She did confirm this would end if/when the up-list took place ("if" is purely a legal term, since she can't actually specify anything related to it) + +—- +As the title says, I don't get it. Here's why: + +From Investopedia: "There are a number of ways to close out, or complete, the option trade depending on the circumstances. If the option expires profitable or in the money, the option will be exercised. If the option expires unprofitable or out of the money, nothing happens, and the money paid for the option is lost." + +Ok, so whoever bought the put options loses the money paid for those options, sure. But I cannot find anywhere that the said party that bought the options would have to locate the shares or buy them back or be engaged in an FTD cycle. I only find that they would lose the premium paid for the option. + +As of now, though, I do not see why people are so hyped about all these puts besides the ever-growing plausible explanation (hiding SI). What comes after they expire is beyond me, but it seems like they successfully hide the SI and never have to report it. + +If I am mistaken, I would love someone to explain how/why. I'm not an options expert by any means right now. + +&#x200B; + +Edit: Thanks for your helpful insights, everyone. I'm going to re-up on variant swaps / total rollover swaps and continue learning. I've learned more about economics and stocks in a year than the previous years combined. Also, I won't tell you what to do, but I will personally buy when I can, HODL, DRS. + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! +I calculated today, my wife and I currently have enough money in investments, that on average we can pay for all of our expenses using investment money. (Note that this is an average. Sometimes we make more money. Sometimes we make less. It would be unwise to completely depend on investment money only.) + +Both of us have high paying jobs.. all of this income is just going to add onto the investments, since we already cover all of our costs with the investment income. + +I am having a "midlife crisis" about what my future job should be. I work as a software engineer. I have always been the smart computer kid in school, but over the decades, technology has been changing so much, it has been hard to keep up. I am wondering how long I will be able to keep this up before employers start just going for someone younger. + +We have a family. Time with the kids is important. I am starting to look at my typical job, with 8 hours + 1 hour for lunch + 1 hour commute in each direction, that is 11 hours used for work, that I am wondering if I can reduce significantly. + +I don't really care about the pay too much.. But I am not ready to work for free. I just want to be productive, and mentally challenged at work, but then be able leave all of that and not deal with it when I come home. + +I don't like the idea of being a freelancer, because then I need to negotiate how much money I will be paid, which I don't really care about. I'd prefer a project where I don't have much responsibility to a deliver a project, and instead I would prefer to be an advisor or teacher. + +At the same time, I recognize, we can now afford certain services that we previously have not done much because we felt it was too expensive. A few examples: + +1. Having people clean our place. (Because it gets overwhelming with kids to keep it clean.) +2. Having prepared foods be delivered to us regularly. (Although we try cooking once in a while, it is not something we really enjoy doing. And we are concerned about our kids eating healthy.) +3. Going on more vacations. +4. Getting a nanny/babysitter supplimenting the daycare. +5. Donate more money. + +Currently we continue to go the same path and accumulate wealth, and are starting to spend more on the things listed above, but as the wealth accumulates, I keep getting a stronger urge to change my job to something else.. but I don't know to what. +New to options here i've been studying and understanding options for some time and looking forward to start options trading soon.Whats something you with you knew before starting? +I am £75 short for my rent and it needs to be paid urgently. I have also accidentally gone over my arranged overdraft and I will be charged £6 a day for each day that it is overdrawn. So basically I urgently need £150 by the end of the day. + +I have no friends and family to borrow from, the bank won’t extend my overdraft, I don’t have much of a credit history so I can’t get a credit card. I have no items of value to sell either. I applied for a credit union loan but they said it will take up to 3 days for approval then a further 3 working days before I get the money. I can’t afford to wait until next week. + +I get paid at the end of the month and I *will* be able to pay the money back. I was thinking of getting a payday loan until then as it’s essentially my only option. I’ve heard the horror stories about them so I’d rather not go down that route but I feel like I don’t have a choice. I applied for a £200 loan from the credit union, so I was thinking if I get a loan from QuickQuid or something, I can either pay it back at the end of the month or I can pay next week if my credit union loan is approved. + +Anyone got any thoughts on this? I would greatly appreciate the help. Thanks! + +**EDIT**: I am so overwhelmed with the response I have gotten on this post. I am extremely grateful to *everyone* for their help and advice and I will try to reply to you all, but in particular I want to thank those who upvoted my post/comments and allowed me to post on r/borrow!! You guys are the best 🙌🏼 +Finally some clarification for the self-employed. + +From the update on 26th March 2020: + +* Self-employed income support scheme introduced to pay a taxable grant of 80% of average monthly profit within the last three years capped at £2500/month +* Available for at least 3 months +* Can claim the grant and continue to do business +* HMRC will contact you directly and the grant will be paid directly into your bank account +* Self-employed people can access business interruption support +* Covers 95% of self-employed people + +&#x200B; + +>Rishi Sunak says self-employed people facing financial difficulties will be able to have 80% of their monthly wages covered by the government. +> +>He says this will be calculated using average monthly profits over last three financial years. +> +>He says support will be capped at £2,500 per month, and will initially last three months. + +[https://www.bbc.co.uk/news/uk-52053914](https://www.bbc.co.uk/news/uk-52053914) + +&#x200B; + +**Edit #1:** + +* To be paid in June and backdated to 1st of March. If you're struggling for money now, you are encouraged to look at the other schemes such as Universal Credit and Business Interruption Support loans. + +**Edit #2**: + +Government article: [https://www.gov.uk/government/news/chancellor-gives-support-to-millions-of-self-employed-individuals](https://www.gov.uk/government/news/chancellor-gives-support-to-millions-of-self-employed-individuals) + +**Edit #3:** + +* The scheme will be open to those with a trading profit of less than £50,000 in 2018-19, or an average trading profit of less than £50,000 from 2016-17, 2017-18 and 2017-18. + +**Edit #4:** + +* This scheme is only available to those who have earned majority of their income from self-employment. + +**Edit #5:** + +* Those who pay themselves a salary and dividends through their own company are not covered by the scheme but will be covered for their salary by the Coronavirus Job Retention Scheme if they are operating PAYE schemes. + +**Edit #6:** + +* Just discussed on question time: If you've got less than one year's account, you are still asked to provide as much detail of income as you can and the government will do their best to help but there is no guarantee. + +**Edit #7**: + +* Question Time on the update (more discussion regarding **Edit #6**): [https://www.bbc.co.uk/iplayer/episode/m000gpnd/question-time-2020-26032020](https://www.bbc.co.uk/iplayer/episode/m000gpnd/question-time-2020-26032020) +Hey guys, + +Greeks and new columns, like Annualized Yield on Collateral was added to [FDscanner](https://app.fdscanner.com/) over the weekend. + +With the new tools, it became much easier to search for the optimal short puts. + +Here's a scan for Jan 2021 with the following settings + +- Expiry: 15 Jan 2021 +- Option Type: Puts only +- Delta: Under 0.3 +- Theta Annual %: Above 100% + +Theta Annual % columns means the yield on collateral on cash secured puts. For calls, it's yield on collateral on the share price * 100, since the collateral is 100 shares. + +Here's the first 20 options that passed the filters. + +|No.|Ticker|Type|Strike|Share Price|Last|Delta|Theta|Theta Annual %|% OTM|IV| +:--|:--|:--|:--|:--|:--|:--|:--|:--|:--|:--| +|1|[CVM](https://app.fdscanner.com/ticker/CVM)|Put|$7.5|$13.1|$0.9|-0.1352|-0.0424|206.35%|42.75%|277.92%| +|2|[CVM](https://app.fdscanner.com/ticker/CVM)|Put|$10|$13.1|$1.7|-0.236|-0.0526|191.99%|23.66%|238.77%| +|3|[CURO](https://app.fdscanner.com/ticker/CURO)|Put|$12.5|$16.51|$0.95|-0.1987|-0.0391|114.17%|24.29%|2%| +|4|[CVM](https://app.fdscanner.com/ticker/CVM)|Put|$5|$13.1|$0.42|-0.0639|-0.0283|206.59%|61.83%|326.37%| +|5|[RIG](https://app.fdscanner.com/ticker/RIG)|Put|$2|$2.48|$0.14|-0.2258|-0.0056|102.2%|19.35%|145.78%| +|6|[FCEL](https://app.fdscanner.com/ticker/FCEL)|Put|$8|$9.45|$0.77|-0.2676|-0.0244|111.33%|15.34%|150.44%| +|7|[QS](https://app.fdscanner.com/ticker/QS)|Put|$40|$79.75|$1.9|-0.0823|-0.1586|144.72%|49.84%|197.33%| +|8|[RMG](https://app.fdscanner.com/ticker/RMG)|Put|$17.5|$21.91|$1.85|-0.2316|-0.0532|110.96%|20.13%|2%| +|9|[PIC](https://app.fdscanner.com/ticker/PIC)|Put|$15|$18.4|$1.49|-0.2466|-0.0498|121.18%|18.48%|159.39%| +|10|[IPOB](https://app.fdscanner.com/ticker/IPOB)|Put|$25|$29.49|$2.2|-0.2706|-0.0724|105.7%|15.23%|137.16%| +|11|[QS](https://app.fdscanner.com/ticker/QS)|Put|$60|$79.75|$9.69|-0.2584|-0.3742|227.64%|24.76%|203.46%| +|12|[HCAC](https://app.fdscanner.com/ticker/HCAC)|Put|$15|$20|$1.3|-0.2014|-0.0518|126.05%|25%|169.94%| +|13|[QS](https://app.fdscanner.com/ticker/QS)|Put|$35|$79.75|$1.2|-0.0513|-0.1084|113.05%|56.11%|198.94%| +|14|[BTU](https://app.fdscanner.com/ticker/BTU)|Put|$1|$2.1|$0.1|-0.0825|-0.0043|156.95%|52.38%|262.37%| +|15|[QS](https://app.fdscanner.com/ticker/QS)|Put|$45|$79.75|$3.15|-0.1191|-0.2084|169.04%|43.57%|193.85%| +|16|[QS](https://app.fdscanner.com/ticker/QS)|Put|$55|$79.75|$7.05|-0.2114|-0.3254|215.95%|31.03%|201.01%| +|17|[SOL](https://app.fdscanner.com/ticker/SOL)|Put|$5|$8.21|$0.25|-0.1131|-0.0146|106.58%|39.1%|2%| +|18|[QS](https://app.fdscanner.com/ticker/QS)|Put|$50|$79.75|$4.9|-0.1623|-0.2639|192.65%|37.3%|194.59%| +|19|[RIOT](https://app.fdscanner.com/ticker/RIOT)|Put|$9|$10.38|$1.35|-0.2971|-0.0365|148.03%|13.29%|195.16%| +|20|[RIOT](https://app.fdscanner.com/ticker/RIOT)|Put|$7|$10.38|$0.48|-0.1485|-0.0234|122.01%|32.56%|187.6%| + + +Image: https://imgur.com/a/x2Cq5pk + +If these companies are too volatile, I suggest layering a company profitability requirement + +- Expiry: 15 Jan 2021 +- PE ratio: Above 0 +- Option Type: Puts only +- Delta: Under 0.3 +- Theta Annual %: Above 30% + + +Here's the top 20 that passed the list + + +|No.|Ticker|Type|Strike|Share Price|Last|Delta|Theta|Theta Annual %|Theta Daily %|% OTM|IV| +:--|:--|:--|:--|:--|:--|:--|:--|:--|:--|:--|:--| +|1|[HL](https://app.fdscanner.com/ticker/HL)|Put|$5.5|$6.1|$0.17|-0.2525|-0.0066|43.8%|0.12%|9.84%|64.98%| +|2|[DQ](https://app.fdscanner.com/ticker/DQ)|Put|$45|$56.98|$1|-0.1278|-0.0538|43.64%|0.12%|21.02%|87.75%| +|3|[CLR](https://app.fdscanner.com/ticker/CLR)|Put|$15|$16.81|$0.7|-0.2713|-0.0246|59.86%|0.164%|10.77%|85.98%| +|4|[TRGP](https://app.fdscanner.com/ticker/TRGP)|Put|$22|$27|$0.4|-0.1195|-0.0195|32.35%|0.089%|18.52%|70.58%| +|5|[TRGP](https://app.fdscanner.com/ticker/TRGP)|Put|$24|$27|$0.67|-0.2219|-0.0267|40.61%|0.111%|11.11%|64.78%| +|6|[WFC](https://app.fdscanner.com/ticker/WFC)|Put|$27.5|$29.81|$0.55|-0.2382|-0.0227|30.13%|0.083%|7.75%|47.28%| +|7|[CURO](https://app.fdscanner.com/ticker/CURO)|Put|$10|$16.51|$0.4|-0.0976|-0.0263|96%|0.263%|39.43%|2%| +|8|[CURO](https://app.fdscanner.com/ticker/CURO)|Put|$12.5|$16.51|$0.95|-0.1987|-0.0391|114.17%|0.313%|24.29%|2%| +|9|[YETI](https://app.fdscanner.com/ticker/YETI)|Put|$65|$72.36|$1.52|-0.2192|-0.0609|34.2%|0.094%|10.17%|56.56%| +|10|[ET](https://app.fdscanner.com/ticker/ET)|Put|$6|$6.61|$0.11|-0.2169|-0.0052|31.63%|0.087%|9.23%|51.94%| +|11|[CCS](https://app.fdscanner.com/ticker/CCS)|Put|$40|$47.57|$0.6|-0.1432|-0.0373|34.04%|0.093%|15.91%|66.58%| +|12|[VLO](https://app.fdscanner.com/ticker/VLO)|Put|$50|$54.77|$1.18|-0.2413|-0.0478|34.89%|0.096%|8.71%|54.6%| +|13|[NLS](https://app.fdscanner.com/ticker/NLS)|Put|$15|$18.71|$0.49|-0.1637|-0.023|55.97%|0.153%|19.83%|97.08%| +|14|[TSLA](https://app.fdscanner.com/ticker/TSLA)|Put|$500|$652.22|$8.39|-0.1039|-0.5417|39.54%|0.108%|23.34%|88.4%| +|15|[CURO](https://app.fdscanner.com/ticker/CURO)|Put|$5|$16.51|$0.1|-0.0219|-0.0121|88.33%|0.242%|69.72%|2%| +|16|[GE](https://app.fdscanner.com/ticker/GE)|Put|$10|$10.58|$0.26|-0.2951|-0.0086|31.39%|0.086%|5.48%|45.14%| +|17|[PSX](https://app.fdscanner.com/ticker/PSX)|Put|$62.5|$66.88|$1.7|-0.2809|-0.0572|33.4%|0.092%|6.55%|49.46%| +|18|[UFS](https://app.fdscanner.com/ticker/UFS)|Put|$30|$32.19|$0.7|-0.2795|-0.0286|34.8%|0.095%|6.8%|51.57%| +|19|[WES](https://app.fdscanner.com/ticker/WES)|Put|$13|$14.36|$0.4|-0.2542|-0.0158|44.36%|0.122%|9.47%|66.09%| +|20|[ENPH](https://app.fdscanner.com/ticker/ENPH)|Put|$135|$164.62|$3|-0.1503|-0.156|42.18%|0.116%|17.99%|2%| +Due to automod knee capping comments over 1500 characters, I thought I'd just make a post of this for awareness. This post is simply an aggregation of all the interesting DDs and articles I've found throughout the week. + +OK here me out. I think this week presents the last great buying opportunity for a while. Here's why: + + +* Speculation that DFV tweets show Cohen may have bought the GME shares himself by selling his [Apple holdings](https://www.reddit.com/r/Superstonk/comments/o1ly3d/new_dfv_tweet_speculation/?utm_medium=android_app&utm_source=share) + + +* If the share sale has been completed, then once that is announced share prices have been known to spike (2 Billion in the bank sound good anyone?) The price dipping by 30% and remaining flat is a simplistic explanation of why this may have already happened but we should also consider the dip after an earnings call. Still 30% far exceeds usual earning call dips. Sure some TA apes can weigh in as to why they think this has happened as well. + + + +* Today is a pretty huge ETF FTD covering day falling inside the SLD period, [but not within the last 2 days of that period](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/?utm_medium=android_app&utm_source=share) + + + +* Russell 1000 entry starting [week commencing June 21st](https://www.bloomberg.com/news/articles/2021-06-14/gamestop-gme-amc-other-meme-stocks-may-be-included-in-russell-1000) + + + +* June 24th is the start of the next T+21 cycle. Now this may actually contradict the T+35 cycle above [but if either holds true the price action could rocket.](https://www.reddit.com/r/Superstonk/comments/nwgzw7/danger_zone_part_2_shorts_are_terrified_of_a_310/?utm_medium=android_app&utm_source=share) + + +* MSM starting to take notice of the manipulative practices by MM and HF, the narrative is changing, [like so....](https://www.reddit.com/r/Superstonk/comments/o1inbj/nyse_president_admits_to_off_exchange_price/?utm_medium=android_app&utm_source=share) + + +* Matt Furlong becoming new CEO on June 21st + + +* [NSCC-002 going live](https://www.reddit.com/r/Superstonk/comments/o05dwx/801_and_nscc002_june_21_repost_from/?utm_medium=android_app&utm_source=share) on the 21st June, which allows the NSCC to calculate and collect, +when applicable, supplemental liquidity deposits to NSCC’s Clearing Fund on a daily basis rather than only in advance of the monthly +expiration of stock options + + +* [MorningStar](https://www.reddit.com/r/GME/comments/nxb7rz/gamestop_morningstar_fair_value_at_317_despite/?utm_medium=android_app&utm_source=share) increasing their valuation of GME to 317 (Off by about 25 million but still reflective of a trend here) + +Now I'm no TA expert but even this reject can look at the chart over the last 6 months and see that the low price points are on an upward trend. Meaning if the price does move up significantly, the next time it does dip, we will most likely not be at the price level we are seeing right now, but higher. And that's looking at charts utilising retard vision and a sloppy grasp of pattern recognition. So again, great buying opportunity. + +Some of this is speculation so tread with caution. The points above along with how we've found extended dips and flat trading is usually followed by a large upswing is making me finally feel a tingle down in my balls. I've had to resort to beating my meat with palm leaves to feel any joy recently, but now I'm getting some sensation back timing nicely with the above, I think this present state of play is alluring. Anyway I'm going to grab this opportunity with both hands (the buying opportunity you sick fucks) and increase my position. Good luck out there and if anyone wants to add to this list reply below and we'll get some further hopium injected straight into our relevant organs. Oh and thanks to the DD creators out there, the doctors never said it would happen again but you've finally help end my erectile dysfunction with your juicy words, squiggles and data. +Hello Apes! I'm a guy who worked on Satori a bunch. + +Disclaimer: This is going to be my thesis on the primary reason why I am bullish on GME as a company in both the short and long term. Do your own research, check my logic, and remember that this is not financial advice. + +With that in mind, HOLY SHIT HOW HAVE I FORGOTTEN THAT THE HOLIDAYS ARE THE ABSOLUTE BEST TIME FOR BOTH RETAIL AND VIDEO GAME EARNINGS! + +# TO THE STEGASAURUS OF REVENUE! + +GameStop specifically has ALWAYS had a significant presence in the Holiday markets. Let's take a look at just how significant the Holiday season has been to the company over the last 20 years or so. + +To begin, I'm using a free subscription to an investment site to access this data. The numbers should be easy enough to find to verify, but I don't want anyone to feel like they have to grab an account anywhere. + +That in mind, LOOK AT THIS SHIT + +[ANYONE WANT TO GUESS WHICH AREAS COINCIDE WITH Q4?](https://preview.redd.it/guytxcys5zk71.png?width=1235&format=png&auto=webp&s=cec62c132ebf79ff4b764e10339b7939a82e08ea) + +Honestly, that chart can give you all the information you'd need, but lets dive into the specific numbers here really quick. + +Q4 and the holidays have been the highest dollar revenue quarter for GameStop every single year since 2001. In fact, since January '06 (which happened to be the launch year of the XBox360 and PS3), 14 of the 15 Q4 revenues have been higher than every other quarter the company has had. + +As important there, is the fact that approximately 40% of annual revenue is generated in Q4. (thanks u/sharkbaitlol) This is ESPECIALLY true in years post console launches. The largest jumps in revenue in the past 20 years have come the year after console launches, when production and industry support have caught up enough to supply. It happened in 2006, again in 2014, and we're right on pace to have that hit again this year. HARD. + +The Q4 surge is a well observed phenomenon within the retail industry. All of GameStops direct competitors show the same pattern. I'd include charting for all of them, but honestly it's enough of a given that if you want it, you can go find it yourself. Amazon, Best Buy, Walmart, Microcenter, NewEgg. The gaming companies themselves also show it. Nintendo, Sony, Microsoft, Sega, Blizzard/Activision, EA, Valve. They all have spikes around product launches, etc, but the reliable money maker for them every year is Q4. + +I hope I'm driving home a point of how absolutely fucking charged and vital Q4 is to this specific company. The holiday gift giving market is only getting bigger, and video games are continuing to dominate the wish lists of EVERYONE. + +It is, therefore, absolutely logical to expect that this company is going to continue in that vein, especially considering the fact that consoles and graphics cards remain as rare as they are. Demand is so high. + +So why do I bring this up? + +# The Long Con + +Ryan Cohen got on the GameStop train last year at this time. Within months he'd written a letter outlining his lack of belief in the current company model and expressing a desire to see significant changes in order to save the company. + +Within 8 months he's chairman of the board of GameStop, and is assembling an absolutely insane team of talent around him in order to rebuild the company. + +What do you imagine those first few meetings were like? You're 4 months into the year, with a dearth of new game releases due to the pandemic, a shortage on consoles, a maybe even worse shortage on PC parts, with nothing coming on the horizon to send any sort of significant waves through the industry. Highlights? Yes. Paradigm shifting events? No. + +You've got to overhaul your business structure, expand your online presence, increase your distribution facilities, develop some serious proprietary tech (allegedly), and potentially rebrand the company, all while trying to also juggle managing things as they are. That's a LOT of work to get done, and it's not going to happen immediately. + +So where do you set your goal for your breakout performance? You lean into your strengths. Time to make this the greatest holiday season to remember. + +Everything lines up. Your distribution is in place. You've given yourself the time to build the company up and do it right. You're increased online presence is cemented and secure. + +Enter the Apes. + +As Chairman of GameStop, you KNOW you've got a loyal following. You've been pulling memes off Superstonk and tweeting them. You've been dropping hints and motivation for months. + +&#x200B; + +[JUST REALIZED THIS HOLY SHIT HOW DID I NOT SEE IT BEFORE HE'S LITERALLY THE CHRISTMAS POO](https://preview.redd.it/iyxq6g4x5zk71.png?width=755&format=png&auto=webp&s=867d8c385426e566a9da1f6f2a51abffd847a84f) + +The big issue at this point? If your incredibly loyal primate customer base has any wrinkles at all, they are going to keep their money invested in your stock this coming season. Some will be able to afford to still gift give, but many (myself included) are going to double down on purchasing shares for the delayed gratification of being able to give anyone I want whatever I want. + +So what do you, Mr. Chairman Cohen, do? + +You line the pockets of your customers with the sum total of the entirety of the US Stock Market. And you do it before the holiday gift buying season gets anywhere close to full swing. Get them safely, money in hand, secure, invested, with their futures and new wealth figured out, just in time for Black Friday. And then, you let them loose. + +Can you IMAGINE the amount of gifts that can and will be purchased post MOASS for this Christmas? GameStop would sell stores and warehouses completely out. There wouldn't be anything left. + +&#x200B; + +[But seriously tho.](https://preview.redd.it/6gbunirz5zk71.png?width=699&format=png&auto=webp&s=3a8ef972b9a63b704cefe9bd4885a7439aee6a5d) + +And it's that simple at this point. + +Gamma Squeezes have NOTHING on what's about to go down. + +Apes get millions of tendies. They each take thousands of those tendies and buy gear, tv's, furniture, consoles, and games. Each of those thousands of dollars provides long term value to the company, which continues to supply Apes with money, who buy enough product to keep the earnings up. (I remember a post a few months back about the ratio of money spent at the store into stock valuation. Can someone help me here?) Rinse and repeat, for basically fucking forever. Starting October. + +This leads me to a few really quick points. + +1. They would want this to happen early enough that we can all get finances in order to be able to spend at the store. That means it ain't gonna be the day before Thanksgiving. Cushion time would be key here. +2. I had a talk with a store manager the other day, and asked why we haven't seen GameStop branded gear in stores, but only online. They remarked that they knew there was a massive amount on its way soon, but that that online was the only place right now. A GameStop t-shirt or hoodie is going to be the item of the year for the holidays. So why aren't they available in store right now? Could it have something to do with a potential rush restocking of a new line of apparel with updated graphics all to be sent to stores just in time for a post-Moass holiday launch? +3. Look specifically at what information GameStop Corporate has put out as a company about what it's moves have been. We've had hiring news, stock offering news, debt payoff news. But other than that, there's been nothing. EXCEPT! You'll recall two separate releases highlighting the company's newly leased fulfillment and distribution centers. Significantly increased product holdings, quicker and more immediate availability and shipping, and, perhaps most importantly, the ability to have SIGNIFICANTLY more product on hand. Why is THAT the news they've decided to lay as their foundation for the move forward, and absolutely nothing else? +4. GameStop has taken great strides in mitigating the lack of foot traffic that may still be an issue this year. It's been widely accepted as the greatest weakness of the brick and mortar model. So what do they do? Overhaul their online offerings, quintuple down on distribution and speed of delivery, and streamline their ordering process. It's potentially the greatest online shopping experience possible. + +&#x200B; + +[u\/bradduck\_flyntmoore get it. Also this counts as his third meme posting, in accordance to the Challenge of the MemeLords](https://preview.redd.it/u66hbdg26zk71.jpg?width=500&format=pjpg&auto=webp&s=6e134b23643c239eb4632d03a32082d9f479a492) + +Everyone involved at the highest levels of GameStop at this point is aware of this. They know that the company's greatest time to shine is holiday revenue. That gives us a pretty solid justification as to why we haven't seen or heard ANYTHING about a plan. Because they know where their strengths are. And they're utilizing the established cycle of holiday sales to ramp everything up. Why trickle your updates out over months and months? Just hit it all simultaneously, right when your best customers get the equivalent of an infinite money glitch and you're the only shop in town that they'd allow themselves to shop at. You think some items are sold out now? Just wait until hundreds of thousands of Apes are buying games, consoles, furniture, tv's, and pc's for everyone they know. Once that boulder gets rolling, watch the fuck out. + +&#x200B; + +[MEMELORDS BOW BEFORE HIM BECAUSE U\/bradduck\_flyntmoore IS A GOD](https://preview.redd.it/x60ym2n46zk71.jpg?width=798&format=pjpg&auto=webp&s=23352802299c0907a23975fca5c46f47c093b82f) + +# BUT HERE'S THE BEST FUCKING PART + +We here on r/SuperStonk recently have liked to focus a whole lot on the ups and downs of the price of a share of $GME. Or the sidewaysing of the price, as the case may be. We've been trained to think of this situation in terms of shares and stock value. While that's valuable, I think we've done ourselves a disservice in limiting our scope to just that. We're working with company whose professed desire is to delight their customers. Not shareholders. Customers. And this company has managed to find a way to have those two groups be almost completely overlapping circles on a Venn Diagram. So while we have been so focused on the immediate next step of stock value, Mr. Cohen and he's team have been planning PAST that. They have the data. They KNOW that things are going to explode. And so they're spending their time making sure that everything is in place to handle all that cash coming their way after all of this. + +And what is the most delighted a customer can get? For me, it was getting the gift of a GameCube at 16. The first console I ever personally owned. I was in our local GameStop beaming the day after, gift card in hand. Overjoyed, because I loved video games. + +You want the best way to cement yourself as the greatest company of all time in the eyes of your customer base? You set your base up with the ability to throw $100 dollar gift cards around like Halloween Candy. You give them the power to buy a TV and console for every kid, not just in their family, but their neighborhood. You set them up to have the absolutely most magical holiday experience of their lives by allowing them to share their wealth, love, and care with those around them. Because the memories are what will truly be delightful. + +Imagine the trickle down. The amount of money freed up to do everything and anything else. The level of Ape spending for the holidays could singlehandedly jump start the economy, and a large chunk of that money will go directly to GameStop. + +Ryan Cohen runs a video game retail company. He's managed to find himself at the forefront of what could be the greatest financial turnaround that will ever exist in history. He deserves every bit of credit as to what he is doing in that. But I don't think that's his focus. Ryan Cohen has been telling us his strategy all along. And he's been doing what his dad taught him. + +&#x200B; + +[ Well we did do the chair... And the hat... Credit to u\/stonk\_sandwich and u\/Buttfarm69 ](https://preview.redd.it/ytg7wyi66zk71.jpg?width=420&format=pjpg&auto=webp&s=e0c11f864a5b772366684d53666b01aef006a781) + +That's his focus. That's what he's doing. Is it about the stock? Yes. Absolutely. But not simply for the stock's sake. He's not doing this to delight his shareholders. He's doing it to delight his customers. We're just fortunate enough that they're almost entirely the same people. + +The stock is a means to an end. And that end is a delighted customer base, who gets to share their joy and success with those around them. It will be a catalyst for change for years to come. But even just 3 months from now, it's impact is going to be felt in very acute ways. Opening gifts with their families and friends, sharing that wealth at the time of year that is almost universally revered as a time of charity and generosity. + +And he's doing it while leveraging the strengths of your company. + +RC has will accomplish this all by caring about and taking care of his customers, and doing right by his father. I know my opinion may not matter at all on this specific matter, but I think Papa Cohen would be pretty damn proud. + +# To conclude, why is this considered a DD? + +We use DD at this point to describe in depth research into the movement of the stock price. We see masters line u/Criand, u/atobitt, and a fucking host of others who have poured hours into analysis of the stock, the laws and regulations around it, who have unearthed the monumental level of greed and corruption that our system contains. + +That, however, has not been what DD has meant traditionally. It hasn't been about predicting world shattering market shifts. It hasn't been about reading through the entirety of legal publications and regulations to try and figure out what date margin requirements for financial institutions change. Previous to this movement, doing you "Due Diligence", at least most of the time, was simply presenting a solid, historically based, researched, and informed take as to why you are setting a thesis on an investment choice. Generally, with our online community of degenerate primates, that thesis would be bullish, and would be based in the fundamentals of a company, ie demand, what their product offerings are, and (importantly) what events are on the horizon that look to provide a boost to the companies profits, and the historical evidence of that on a cyclical nature. + +Look at the info that u/deepfuckingvalue has published for us. It's not FINRA and the SEC. It's been about what this company does well, and how and why he believed that could leverage those strengths for further gain. Yes, he acknowledges the stock price and value, but only in comparison to the overall valuation of the company, and the giant spread between what he's seen it's value to be based on the fundamentals and the actual value of the stock. And nothing is a greater strength for GameStop than the holiday gift giving cycle. + +I can think of no greater bullish sentiment for GameStop specifically than knowing they're a month away from their historically best quarter of the year, sitting on 2 billion in cash, two new massive distribution centers, and a team of retail and online specialists who are absolutely aware that the best ramp to launch their own ship is built on the back of a stegosaurus that peaks every. 4th. Quarter. + +Of course our absurdly star studded and capable team knows that. They're not in the business of regulations and the markets. They're in the business of being a video game (and video game adjacent) retail platform. Do they expect to increase value for their investors? Absolutely. The question is HOW? + +As much as we may want them to focus on the price of the stock, and make statements and news releases that excite investors and draw FOMO, I don't think it was ever going to be their play. And it took me this fucking long to realize that I was focusing on the wrong thing. How is a customer delighting video game company going to increase it's value for shareholders? By cornering the holiday gift giving market, and ensuing that their customers have cash on hand to buy whatever the fuck they want. + +These next statements are conjecture, but make absolute sense to me. + +* That's why they haven't announced plans. +* That's why they haven't revealed anything. +* That's why we're haven't seen a massive shift in product offering at the retail store level. +* That's why we RC's playing close to the vest. + +Because they know that they've got their own historically patterned nitrous system sitting there waiting to provide them the greatest 4th Quarter in company history. Fuck it, potentially MARKET history. And it would be incredibly dumb of them not to leverage it. They didn't need to make immediate or big moves. The company is debt free, with as much hype as a company has ever had. So use the natural flow of time to ensure you've got some deep fucking value coming. + +And to me? That due diligence makes me like the stock. So I'mma buy some more. + +Fin. + +&#x200B; + +A few quick notes and pieces of needed assistance. I would love some additional supporting details here. I'm linking Ryan's Letter to the Board below, as well as the transcript of the Shareholder's meeting. I'd appreciate any help I can get in trying to view releases, statements, and the like through this lens. Please start looking at everything we've seen with Q4 in mind, and see what we come up with. + +[RC Letter to ShareHolder Fall 2020](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) + +[Transcript of RC Comments at Shareholder Meeting](https://gmedd.com/transformation/ryan-cohen-at-agm-we-ushered-in-a-whole-new-era-of-gamestop/) + +Further, I think now would be an absolutely fantastic time to have someone do a lot of digging into the gaming market in general, the trends in revenue, the amount of growth over the last 20 years, and prognostics about where it's heading. u/sharkbaitlol has done some great work in previewing the potential tech events coming. Can you imagine an NFT marketplace launching just in time for Christmas? More eyes on this would be so helpful. + +TLDR: GameStop makes ~40% of their revenue in Q4 annually. THAT is what the company is building toward this year. Get the foundation built, then reveal it all in the holiday season where they already have a history of success. It goes to follow that Cohen and company would want to have Apes have as much cash on hand heading into the holidays as possible. + +Update: Edit, Formatting and a word. + +Update 2: Completely forgot to add in they're already grooming us to corner the Holiday market. Supply issues keeping consoles unavailable? GameStop Pro membership gets you priority access. Need that launch gift for your kids? Pre-order as a pro member. for bonuses and special features (see Pokemon pins.) It's already starting. + +Update 3: I've had several people bring up potential supply chain issues, but just as many people offer the solution that is the potential digital marketplace. While consoles and the like will still have issues, any content that can be sold digitally will still be up for grabs, and if it's heading the direction we think it will, with all the same perks and the like of physical copies. Completely skirts the supply chain issues for many products. +Its all up to me to get out of this situation. My family is in NC and im in Florida. So if I want real help I would have to move up there. And really that would be too much of a burden. I have 2 kids down here and im worthless rn. I lost my job because I kept having anxiety attacks at work [Italian restaurant cook] +Now I've been evicted and im living in the woods. I need to get myself together and get another job ASAP. Anxiety is horrible when it takes full control. + +Edit: thanks everybody for the kind words and caring support. I will get through this one way or the other. +I'm trying to look at it as just a step in my journey. A test and a learning experience. +I made a huge investment in October 2018 (6 figures). I’m a small time investor. The day after I bought in the market fell 10%. So frustrating. But I held on. I was up 20% on that investment in February 2020. Then down 20% in March. And if the market stays up today I’ll be about even (maybe even up 1%). Talk about a bumpy ride! Would it make sense selling it all while I can get my money back? If I sold, my goal would be to DCA weekly so that I can sleep easy at night since I definitely think the market will come +Back down. If it goes down 20% again I’d have larger sums on the sidelines to invest even more. Finally, in this climate it just feels like cash is king. I plan to buy property when the virus has passed. I have a down payment fund but could always use extra cash at the time for moving costs and all. +Currently a nurse - which I love. The benefit of retraining would be greater job satisfaction. It would take 4 years to retrain however (I'd be 34 as an F1 Doctor). Is there any financial benefit to retraining and losing 4 years of paid nursing work? (I could do bank shifts as a nurse, and have a year to save too). No kids, no mortgage. + +Edit: the reason I haven't applied before is because I never thought I'd be smart enough... But I've a lot more faith in myself now. +Every transaction over $600 will automatically trigger a report to the IRS. So every time you pay your mortgage, have a medium priced car repair, or make a mid sized co-pay for medical, the IRS will know about it instantly. Is this the kind of country you want to live in? Bitcoin really is the future if the IRS is going to do this. + +[https://www.ksn.com/news/local/so-called-tax-gap-plan-could-let-the-irs-look-into-any-account-with-as-little-as-600/](https://www.ksn.com/news/local/so-called-tax-gap-plan-could-let-the-irs-look-into-any-account-with-as-little-as-600/) +No memes this time, text only. Has to be Bitcoin related, something within the scope of this sub. Converting existing jokes into Bitcoin jokes is allowed. You can write as many jokes as you want, you can even win all 3,000 sats if you have the top 3, but make each joke a unique reply. + +I will let the community decide the top 2 by votes and I'll pick the last 1. Sats sent via lntip here on reddit. Contest is over in 12 hours. Runners up may get a couple sats their way as well. + +EDIT: The contest is over. The results are: + +* 1st - https://www.reddit.com/r/Bitcoin/comments/q11tlo/comment/hfbyv7i/ + +* 2nd - https://www.reddit.com/r/Bitcoin/comments/q11tlo/comment/hfc6j6p/ + +* 3rd My Choice - https://www.reddit.com/r/Bitcoin/comments/q11tlo/comment/hfbylnj/ + +Runners Up - + +* https://www.reddit.com/r/Bitcoin/comments/q11tlo/comment/hfdeh89/ + +* https://www.reddit.com/r/Bitcoin/comments/q11tlo/comment/hfda2vh/ +Website: [naftytoken.com](https://naftytoken.com)Telegram: [https://t.me/naftydiscussions](https://t.me/naftydiscussions) + +Nafty is the token for the adult industry and especially for the content creators and consumers, who generate billions of dollars🚀🌙. Development will make it popular with the mainstream creators as well. + +Huge Exchange Listing - our partnership with the second biggest market maker in the world will connect us with one of the top 10 exchanges worldwide . 💹 + +Nafty now partners with Clips4Sale who will use Nafty token as a payment solution 😍 + +Clips4Sale is the largest clip site on the internet with over 7 million clips and 105,000 independent creators/producers on its platform.😈 + +Integration will start next week 📈 + +API - as a payment solution, naftypay is working smoothly (you can check it on NaftyTV and soon on NaftyFans). We are already in integration process with some big websites - stay tuned! + +Token with real life utility, being used for online payments, tips in our platforms and has trading / holding value! + +Organic growth and organic promotion by the biggest in the industry : + +1. MIA CRYPTO (534.1K Followers) + +[https://twitter.com/MiaPomp/status/1427943443125374978?s=20](https://twitter.com/MiaPomp/status/1427943443125374978?s=20) + +2. FABRI CRYPTO (484.3K Followers) + +[https://twitter.com/FabriLemus7/status/1428005183842406412?s=20](https://twitter.com/FabriLemus7/status/1428005183842406412?s=20) + +3. TheLondonCrypto (135.8K Followers) [https://twitter.com/TheLondonCrypto/status/1427711082987204611?s=20](https://twitter.com/TheLondonCrypto/status/1427711082987204611?s=20) + +4. Crypto🚀Rocket (121.4K Followers) + +[https://twitter.com/crypto\_bearr/status/1427680604640800769?s=28](https://twitter.com/crypto_bearr/status/1427680604640800769?s=28) + +5. CryptoNostra (68.8K Followers) + +[https://twitter.com/cryptonostra/status/1427706538974760964?s=12](https://twitter.com/cryptonostra/status/1427706538974760964?s=12) + +6. CryptoBaby (16.3K Followers) + +[https://twitter.com/ElenaCryptoBaby/status/1427876465018908672?s=20](https://twitter.com/ElenaCryptoBaby/status/1427876465018908672?s=20) + + XBIZ + NAFTY - 1 year partnership + +Famous ambassadors: + +1. Tera Patrick - the queen of porn + +2. Eva Elfie - #3 pornstar worldwide and 2021 xbiz award winner + +3. Luxury Girl - amateur pornstar of 2020 + +4. Alice Bong - top cosplay girl + +5. Mia Azul + +6. Jull Dolly + +7. Lacey London ... and many other! + +Buy #NAFTY and win a place on the next #EXCLUSIVE #trip, with 8 #pornstarsthat will come along, worth over 10 000 USD! 🚀 + +First-class service - flights, accommodation, full board and the😈❗️NAFTY special guests.🔥 + +Everyone who buys at least $10 worth of Nafty gets into the draw.🤑 Draw will take place on 6th of September! + +Social media : + +Reddit: [https://www.reddit.com/r/NaftyDiscussions](https://www.reddit.com/r/NaftyDiscussions) + +Twitter: [https://twitter.com/naftyofficial](https://twitter.com/naftyofficial) + +Buy Link : [https://pancakeswap.finance/swap?outputCurrency=0x18C5fAC26C5d8b859b3A83f0f167D8924098d28a](https://pancakeswap.finance/swap?outputCurrency=0x18C5fAC26C5d8b859b3A83f0f167D8924098d28a) +Reading all your stories has fired me up to save and live and plan for FIRE. The biggest question is how do you manage what you spend on your kids in terms of extra curricular activities. And what do you do when you want to take them to place that are obvious rip offs such as Lego world or Disneyland. + +I know the simple answer is not to take them at all to expensive places, but I feel that my son would miss out on these because I want to save. + +Edit: thanks all for the excellent advice. I now come to realise that the FI for me also mean a better live for my son. Anything is possible with better budgeting. I'm going to focus on giving him the best experience and childhood memories as I can. + +Edit 2: I didn't want to add this be first as the mods might disapprove, but I'm in the final stages of a long divorce. I get the majority custody. And my son has been a trooper throughout and insists he wants to spend time more with me. Finances are tight now because I still pay all the bills and mortgage. But I will be free of all of this soon will be able to save a big amount. + +Edit 3: I have booked a day at Lego World next week so we can spend the day there as it's his birthday. I'm certain it will be a day to remember. I only had to pay for my son as there was an offer that allows the adult to go free. + +Edit 4: a lot of recommendation for camping and scouts. I was a scout when I was younger, but in the UK, in the area where I live there is a long waiting list to join the scouts. My son is on the waiting list. As for camping, we don't have good places to camp in open areas unless you have a caravan. +I’m lucky enough to recieve rental assistance for an affordable apartment in my city. Even though they raised the rent this month and it is far from “affordable” anymore, but I digress. In relation to the rest of my area, I guess it is affordable. I have the only affordable unit in my building, the landlord implemented it so he can get a tax break. + +Once a year, my landlord and the housing comission comb through every inch of my finances to confirm that I am, indeed, poor. The woman who I contact for it is well and truly brain-dead: she can’t understand why my checking account would “fluctuate so much” over the course of a week. I also had to explain to her what a “franchise” is last year. But the absolute worst part of this process is getting my manager to sign off on my poverty wages. + +You can’t be direct about it because it makes them uncomfortable. Well, they fucking should feel uncomfortable. Every single one of your employees qualifies for low income housing, I’m just the one lucky enough to get it. I’m full of so much bitterness/resentment and I’m not even 30. Anyways, thanks for listening to me bitch. +I've seen people from the slums entering college because they didn't have to pay. Free technical books rentals at uni's libraries, free housing for the poorest students that come from other cities (have to prove income to be eligible), free lunch and dinner (in some unis only, in others you have to pay from 50c to 2 USD, though) and some undergrad research scholarships. + +We've got free cancer and AIDS treatments. Free ambulances. I've seen poor, old ladies that sell corn at Sunday's vegetables fair that had a life-changing eye surgery that made them see again. If they had to pay for it, they'd go blind long before their death. FFS there are cochlear implants and organ transplants for free in some cases. + +Paying 15%-25% over 10x+ crypto profits? Man, just take it. + +I'm not saying there aren't problems. You have to study to be accepted in the universities and if your parents had money in the first place, you could prepare yourself better going to the best private high-schools. The lines for some health procedures are long enough, but if your condition is chronic (AIDS, cancer) or life-threatening (e.g. a car accident), you're assisted on the spot. Violence is still a big thing, mainly due to a huge wealth gap, and hopefully there are people fighting to give better conditions to as many people as possible. Not everything is perfect. + +I'm also not saying that all tax money is rightfully used - I'm not such a fool. But I can't imagine living in a country where I had to pay a hefty amount to call an ambulance. If I had to pay for my college degree in the old days, probably I wouldn't have gotten any, as my parents were quite humble. + +Being libertarian or communist or capitalist, we live in society, and people tend to forget a good society is one where the maximum amount of people has their basic needs met. + +People also tend to forget that things they take for granted, such as the structures for calling the cops, sewage treatment, electricity on the bulbs, water in the taps etc. are generally paid with taxes. Don't want to pay taxes? Fine, get your own private security, buy yourself a water reservoir and build your own power plant. Might as well declare independence. + +Imho, not wanting to pay taxes doesn't put you far away from people in the Pandora and Panama papers. Want to make sure taxes are rightly used? Participate and get engaged in social participation programs. Get involved. Be part of your community. + +If you live in a country where there are such social security structures, don't mind paying taxes. If all your neighbors are fed, probably you are fed, too. + +TL;DR: I don't mind paying taxes over 10x+ if people around me will be assisted one way or another. +Hi there, + +I work for leading energy company in the UK and for people who may struggle going on 80% of their wages thought I could give a bit of advice on how to cut their energy bills down (electric and or gas). + +Firstly if you've applied for a warm home discount payment, you still have time to receive it till the 31st march (I seen a payment go out on friday). + +Secondly, if possible, look on the online app or website and see if there are cheaper tariffs to go on - I also cannot stress this enough, our company's cheapest tariffs are not available over the phone they are on Uswitch. If you are able to use the internet and are okay not receiving a paper bill, sign up for an online tariff cause they can usually save you at least £10-20 a month which adds up over time. If you currently pay on receipt of bill, check out how much a direct debit would cost as that can also save you money. + +If you are unable to pay this month, contact your energy company (the lines are crazy right now as we are on reduced hours however most energy companys you can contact via online chat or fb messenger meaning you don't have to waste your minutes, it will take longer but you don't have to sit waiting listening to hold music). You can ask if you can put a promise to pay on the account - currently we can put them on for up to 30 days however there are discussions of us getting authorised to put them on for longer. This stops any escalation towards a credit default being put on as well however bear in mind you would have to pay after 25 days as it can take up to 5 days for the bank to totally clear the payment and the payment to attach to the correct energy account. + +Tell us if you wish to cancel your direct debit as we can put you on receipt of bill instead - if you cancel directly with your bank without telling us we put it down as a bounced payment and if you have 3 bounced payments within 12 months you won't be allowed back onto a direct debit again until the date of the 1st bounced payment has passed. + +If you are unable to take meter readings for a property because of self isolation and believe the estimated bill your company has produced is too high for your usage, ask us to put a lock on the account because of an outstanding issue and we will make note that you are unable to take meter readings due to isolation. A lock lasts up to 30 days so if still unable to take meter readings, contact us after those 30 days and we will see what we can do. + +Lastly, most energy companys have a phoneline that advises on how to be energy efficient and figure out where most of your energy usage is going. A lot of the info they have is really useful (I cut my bills by from £80 to £65 a month just by making simple lifestyle changes). + +If anybody has any questions that I could possibly help with, please ask. I'm not fully trained on prepayment meters but might be able to help or explain things further. +How much downside is really left in the NASDAQ tech index at this point? + +QQQ is down 33% YTD and similar amount versus the all time highs at ~$404 + +Another 15% drop to ~$230 would mean a 45% decline from ATH despite a strong economy and good fundamentals for the constituent companies in the index. + +Such a fall would represent a greater bust than the GFC (-40% in QQQ) without any crisis to speak of and much stronger fundamentals. Yet this 10-15%+ downside is exactly what many market analysts and consensus forecasters point to in terms of valuations going forward. + +Is it just me or does something not equate here? Was the market just unprecedentedly over valued at the beginning of 2022? +I just read through [this](https://www.abc.net.au/news/2019-11-13/what-you-need-to-know-about-bushfire-insurance/11699382) article about house insurance in light of the bushfires on the East coast. + + +There is a comment here that caught my attention: +*"Some of the worst clauses allow insurers to base payouts on the rates they can purchase materials and labour at, rather than the actual costs of rebuilding or repairing your home."* + +Got me looking at my PDS with Allianz and I noticed the comments that they may, *"pay you the cost of repairing or rebuilding your home in cash or cash equivalent. This is the cost of repairing or rebuilding, less any discounts that would be available to us if we were to repair or rebuild."* + +Less any discounts that would be available to us. I wonder if this is what the article is talking about? I had a quick look at the PDS for the NRMA and saw nothing that alluded to this kind of thing. Then looked at AAMI and found something similar with these words as an option they can take, *"pay you what it would cost us to repair or rebuild the building"*. ING has the same mention of paying out the cost of a rebuild less any discounts they get. Seems pretty industry wide, apart from NRMA but these are the only ones I've looked at. + +Pretty concerning, for me at least. Anyone care to comment on experience with this? +Originally I was going to ask this in r/Entrepreneur, but that sub can sometimes attract too many self-promoters and I like the spirit of this sub a bit more. + +I'm turning 30 this year with about 6 years of work experience under my belt. Really not enjoying the corporate life for all its bs, although it pays well. I've been trying to start something on the side with the hopes of building it into a real business, but it's been very challenging getting enough energy to focus. Got a wife with no kids, and no mortgage pressures (only rent). Job is draining, but it's way too early to give up on that, or even the traditional career path since my business attempts are still way in its infancy. + +For those who have managed to successfully turned their side gigs/businesses into full-fledged ventures, how were you able to maintain the energy/productivity? +Gensler unfortunately understands bitcoin better than most people in his position of power and when he's referring to regulating bitcoin for matters of national security, he means that he knows bitcoin will undermine the scam that is the U.S. dollar and he'll do everything in his power to prolong the inevitable from happening. +I'm seeing some people cheering on his statement as bullish for bitcoin, I would be very wary of that Golem looking mofo and his ulterior motives. Regardless of what he tries, Bitcoin will prevail 😎 +Greetings my fellow apes. There's been multiple posts about the Citadel tweets, their "communications" with Robinhood, and time travel. I shared the RH tweet link in a few other posts comments but a few responses got me digging a little deeper. Bear with me here....Citadel could actually be telling the truth. + +I want to be up front that I do think they're trying to spread bullshit. The court documents the last few days definitely prove that all these big money clowns were aware of what was happening. There was a good post talking about how the earlier Citadel tweets were probably written or approved by a lawyer due to how specific they were in NOT saying what they did. Today's tweets follow the same pattern. + +&#x200B; + +[We used CAPS so you know we're not lying](https://preview.redd.it/3sfeypmzkpq71.png?width=869&format=png&auto=webp&s=e3b41ae174aeb088e42d5b3a495986f484048a11) + +"We FIRST learned of Robinhood...from posts on Twitter". So not Robinhood's posts...other posts. + +Here's the link to the RH post so you can all verify with your own eyes the 9:56am EST timestamp. + +[https://twitter.com/RobinhoodApp/status/1354805613566410756?s=19](https://twitter.com/RobinhoodApp/status/1354805613566410756?s=19) + +So now we need to know if anyone tweeted about the restrictions before 9:56am EST. I have no idea how to check that. I can't comb the entirety of Twitter (others probably could, but alas I cannot). But we can search Reddit, specifically <banned Sub name>. Using [redditsearch.io](https://redditsearch.io) we can see a bunch of early morning posts about RH being down as well as the restrictions already in place. It's not too far of a leap to say people would have also been complaining on Twitter too. + +&#x200B; + +[Search results for \\"Robinhood\\" between 5:00am and 8:30am on 1\/28 in the \<banned sub name\>](https://preview.redd.it/ruszgb81lpq71.png?width=1078&format=png&auto=webp&s=15716c572b2640612e98f732377a1031507ea469) + +and here is that post with the RH error message and it's timestamp around 7am EST. + +\*I had to remove the link to this post due to auto-mod. I'll try and get it in the comments. + +&#x200B; + +[Leave RH if you haven't already](https://preview.redd.it/ia965oe2lpq71.png?width=1655&format=png&auto=webp&s=cb7c2ee0879e2feab7fa8fb53ec35a24305b3ed2) + +&#x200B; + +[Yo bro, saw you stonkblocking on Twotter, for realzies?](https://preview.redd.it/6n4rsz34lpq71.png?width=1017&format=png&auto=webp&s=de71f36f629b136bcc85fc173b93da36c910c3ef) + +And again, the timestamped "communications" between Shitadel and RH. 8:43am. So technically, this Citadel tweet could actually be true. + +I just wanted to get this out there because while it does seem sus, more evidence shows how it can be true, or at least perceived to be true by Citadel lawyers. + +That is all I got for now Apes. Keep buying, HODLing, and DRS'ing! +Hello friends, I have been in Canada for a few years now and investing actively in Canadian stocks. I am now interested in diversifying my portfolio to include US stocks. After a bit of reading and research Norbet Gambit seems to be the most popular way to exchange CAD to USD for trading. + +I would love to hear & learn from your thoughts around few topics - + +I am super skeptic about hidden brokerage chargers. Should I be aware of anything in particular that this community experienced ? +Apart from Norbert Gambit, I read that opening an US account and trading through that account helps. Has anyone followed this path ? +Any recommendation on brokerage to use to keep charges to minimum ? + +Look forward to hearing from this amazing community ! +[CloudMD \(DOC\)](https://preview.redd.it/87mjuqxywu361.png?width=1397&format=png&auto=webp&s=10661ae04304c72ba02b18d298dd503f5c93f896) + +Here's your favorite astrologer with another beauty trade setup. + +DOC forming a falling wedge and consolidating right into the zone and the momentum is turning around. It could bounce/consolidate around 2.38 and head back down to the 2 support level and make another run. Thit would be an optional place to scale in additional funds with a SL at 1.90 the risk/reward is quite attractive.The reasons why I think it won't bounce off 2.38 is because of the tailwind it has from the stay at home stocks. As the numbers climb they're coming back into favour and this is the canadian version. Expect it to break through 2.38 on the first attempt and the falling wedge and fib retracement levels (2.38, 2.59, 2.75, 2.91, 3.13, 3.41) will become support if it pulls back at all.Any retracement back to any of those levels confirms the pattern on the first bounce off and that can serve as a place to scale in a final time.Of course it could rip pretty quick at the same time with no real bounces to load up but one of the above scenarios is very likely. I'm 75% confident on this one, but that confidence would increase to 85% if it bounces off $2 one more time to fill up the wedge. Buying back in at $2 and keeping the SL at 1.90 minimizes losses and allows to be fully loaded for a final run at the wedge resistance.  + +Another thing I like is the 13/30 MA (hourly)crossed over to the upside so we'll definitely head up in the short term. + +Is this a good stock to hold long term? Who the hell knows? Is it a good stock to grab while virus numbers skyrocket? Very possibly.  + +Disclaimer - I am long DOC (as of yesterday)  + +**EDIT 12/10/2020** + +Scaled in @ 2.17 1/3 so I'm sitting at 2/3 on this trade. + +https://preview.redd.it/m6rxi6q58f461.png?width=1539&format=png&auto=webp&s=5ab17e5f34ec9fae9030812496cbc341e5ca86b1 +Score Media and Gaming (SCR.TO)(SCR) saw legal sports betting on its platform surge 46 per cent on a quarterly basis. The Toronto-based company is expanding its gambling business into a growing number of American states, as anticipation builds for legal single-sports in Canada. + +The media and gaming company, known as theScore, reported a net loss of $17.57 million after the closing bell on Tuesday, compared to $10.45 million in the same quarter last year. + +The company booked $5.59 million in revenue for the three-months ended Feb. 28, and $12.9 million in negative adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Analysts polled by Bloomberg expected the company to report $8.98 million in revenue, and an adjusted EBITDA loss of $8.26 million in its second quarter. + +While theScore significantly missed analyst expectations, its “theScore Bet” digital sports-gambling platform saw record betting action. theScore’s gaming handle, the amount of money in wagers handled in the quarter, climbed to $81.6 million from $55.8 million in the previous period. + +“We achieved record gaming handle, and another quarter of solid media revenue growth in our fiscal 2021 second quarter. The strong second quarter results highlight theScore’s ongoing momentum and our users’ active, growing engagement with our mobile offerings,” John Levy, theScore’s chairman and CEO, stated in a news release on Tuesday. + +With single-sports gambling illegal in Canada, theScore has placed significant focus on American states where the pastime is legal. The company has launched the platform in New Jersey, Colorado, Indiana and Iowa. It also listed its stock on the Nasdaq in February, raising US$186.3 million. + +In Canada, the company has been a vocal backer of Bill C-218, legislation that would amend the Criminal Code to permit bets on individual sporting events. Most legal sports bets in Canada must include at least two events, known as parlay wagering. Currently, horse races are the only single sporting event that can be bet on legally. + +While the legislation has faced minimal opposition, Levy appeared before the House of Commons’ Standing Committee on Justice and Human Rights last month to speak in its favour before it moves on to the Senate. He told members that “time is of the essence” to prevent billions from flowing from Canadian betters to unregulated and off-shore gambling platforms. + +In February, Deloitte Canada projected that within five years of legalization, Canadian sports betting could grow from $500 million to nearly $28 billion in legal-market wagering. + +https://finance.yahoo.com/news/the-score-earnings-sports-bets-up-46-in-q-2-revenue-falls-short-215651407.html?ncid=twitter_yfsocialtw_l1gbd0noiom +we recently had a bit of trouble in our apartments regarding maintenance money. A few thousand rupees had gone missing. We normally take turns in maintaining our apartment. My turn would be next month, so, i was thinking of opening a maintenance account for the apartment. So, how does it work and what's the procedure that is followed? The money is quite substantial and i don't want to get involved in unnecessary income tax problems. +Hi, + +I'm looking for some good low index funds in India like vanguard index funds. Primarily to balance the risk in my portfolio by investing in an index fund with modest returns over long term. + +Thanks! +I have an education loan from SBI, and I've availed 80e tax exemption benefits on the interest component paid in the last two fiscals. This time around, I've some extra cash with me, and want to make a one-time repayment - over and above the monthly EMIs. + +My question is, since the tax exemption is only permissible on the interest component of the amount paid in the year, how will this extra one-time payment be treated? + +1. Will all of it count towards principal repayment and thus, provide me with no extra tax benefit? +2. Will some amount out of this get classified as interest amount, and thus give me some tax benefit? +3. Since, I'm making this payment in the middle of a FY, is it upto the bank/branch, to really decide how they want to demarcate the two components? + +Any thoughts/views/comments on the above are welcome. Thanks!! +I own a proprietorship firm and recently my CA advised to do all my investments using my current bank account instead of savings account stating that it will build the valuation of my firm. If anybody here is using their current account for that, I would like to know your opinions before switching my primary bank account to current account as the process on Zerodha is quite a bit tedious. +As requested in r/GME, I am posting this here because my account is not old enough. Please feel free to cross-post so that this information gets out there. This is the only information I have personally seen in the media anywhere which has reported this. And I have not seen a follow-up of this issue in the FT. + +If you read the Copyright Policy [https://help.ft.com/legal-privacy/copyright-policy/](https://help.ft.com/legal-privacy/copyright-policy/) of FT, you will understand that I am very limited in what I can share here, otherwise I wish I could summarise the article (I am only allowed to write abstracts or extracts of 30 words) as well as show you one chart in particular. I will just have to describe the chart as my 30-word extract: **2019-2021 retail trading volume rising, now significantly higher than quant HFs, traditional HFs and mutual funds, which decline over same period. Only market-maker volume is (way) higher and rising**. + +This is the article information for compliance so FT does not come after me. I have the subscription through my university. The journalists are Katie Martin in London and Robin Wigglesworth in Oslo with additional reporting by Madison Darbyshire in London. Headline: ***Rise of the retail army: the amateur traders transforming markets***, date: 9 March 2021, original link at: [https://www.ft.com/content/7a91e3ea-b9ec-4611-9a03-a8dd3b8bddb5](https://www.ft.com/content/7a91e3ea-b9ec-4611-9a03-a8dd3b8bddb5) + +What I believe this means for apes: the mainstream narrative is that retail is small money, powerless to move markets, buying shares is futile and we are only passing bags to one another when we do this but - according to Forbes - our power comes from options trading, let them options trade. This last point has always bothered me. + +If you could see the chart you would see how high the market-maker volume is and that it does not make sense that retail has anywhere near the funds to play options and to exercise them vis-a-vis market makers. Looking at the volumes, maybe retail could coordinate internationally and pull this off via the infrastructure of Reddit and their phones vis-a-vis *hedge funds* who are also front running them on RobbingHood (really?), but this is about the *market makers*. They (like Citadel, Goldman, etc.) want you to trade options so they can scalp you. They don't make any money if you don't trade. They need you to trade, whether options, swing, day trading. Because they can scalp you whichever way it goes, even if they let you have some money on the way, they increase their control the more actively you trade. Market makers have reporting exemptions, strategic fails to deliver because their job is to create "liquidity", they have live-to-millisecond data, they have the SEC and the government in their pocket, and a thousand times more money than retail (cf. chart). Citadel is one of the biggest MMs in the world and we know that Citadel bailed out Melvin and most likely now has the baton and that it is also the market maker in XRT. + +But if you just hold, and you are making money holding - which we are, the price action is the evidence - who is losing money on the other side of that kind of a trade? Either the original HF who shorted it, or a market maker, who will be forced to hold the losing side if no one else is stepping in to do it because that is the market maker's job. However they are hedging that is their own problem, it doesn't matter. If you are holding, they have to be losing because - as per the evidence available - it is highly likely that shorts have not covered. Remember Mark Cuban said in his Ask Me Anything that what they want is *never to cover their shorts*. ***Retail*** may in fact be holding the majority of the float in GME by buying up the fake inflated shares! Not institutions! We are the whale in the room! We are the No. 2! We don't move in a coordinated way like an institution, but we all hold because we all like the stock! 💎🤲 + +Disclaimer: not financial advice. I just play with coloured crayons and the chart was the prettiest thing I've seen in 2021. You are your own best decision-maker. + +**EDIT:** u/yellowstickypad found a screenshot of the chart that was posted on Twitter by the Chief US Economist, Gregory Daco, haha. As long as it wasn't me [https://twitter.com/GregDaco/status/1369844561862856706](https://twitter.com/GregDaco/status/1369844561862856706) +Large company contractor, rhymes with T-Rex. Been on the job for 2 days and the driver training me (who also happens to be an assistant manager) backs into an apartment complex's covered parking section, totally obliterating it. I ask him, what was that? He says, nothing just a gutter. He then proceeds to tell me there's no office so we won't need to report it. + +This doesn't sit well with me. I ask him 30 min later if we will be reporting the incident to the general manager. Tells me not to worry about he will do it at the end of the day. + +Continues to drive like a maniac, turning corners so hard packages are flying off shelves and hitting speed bumps as if they don't exist at all. + +At this point I have determined the guy might literally kill me so I called the manager myself to report the incident. Manager seems unconcerned so I tell him I'm not re-entering the truck and have my wife pick me up. + +This evening the manager tells me that I need to pass a drug test before I can come back to work. I'm confused, did I hit the covered parking or did the assistant manager who was driving hit it? You'd assume a felony(?) hit and run would result in a suspension or investigation of some type, right? + +Well guess what!? The self proclaimed concealed weapon carrying assistant manager was not disciplined (edit: this is an assumption due to the fact he's clearly working the next day) and the manager told me to take my time card to him (assistant manager) tomorrow morning. Obviously I declined to work for them further. + +How can I make sure I get paid for the 18 hours I worked in the last two days? + +EDIT Thank you for all your responses. I'm going to reach out to the apartment complex and confirm someone from FedEx contacted them. If nobody has I'm going to file a police report and provide thorough details to the apartment manager. I don't *need* the job money wise, I just got tired of sitting around for 3+ months doing nothing. At my previous job I managed routes for 20+ vending machine drivers and regularly had to deal with these types of issues the correct way. Also worth noting I had about 5 other companies that wanted to hire me after 12 interviews so I have no problem finding more work. + +EDIT2 pics @ https://imgur.com/a/KMx919i -- there was a car below the damage when it happened but he left so quick I didn't see if there was any damage to any vehicles. + +EDIT3 clarification of drug test request - I was hired on after telling them I need a few weeks to pee clean (Marijuana is legal in Washington State). The manager told me it was no problem and I could train without driving until I passed a drug test. After this incident they won't employ me until I pass the drug test first. + +EDIT4 Manager telling me I'm wasting his time following up. +https://imgur.com/a/aaN3M40 + +UPDATE spoke with the owner of the contracted delivery company and he assured me I will be paid and the incident was reported to FedEx and the apartment complex. Still claims there's no HR I can discuss the issue with. I also left a voice-mail with the apartment manager to confirm they did get actually get contacted about the damage. Will do a final update once I hear back. +I've seen lots of apes talking about this subject and mentioning an insurance policy, so I want to clear a few things up. + +We all know that when MOASS happens, all shorts will be forced to close their positions. This means that shares that were sold short must be bought back from the apes holding them. This will bankrupt a lot of firms. If the hedge funds that have shorted GME go bankrupt, the responsibility for closing these positions will be passed up a step along a staircase of companies, which looks something like this: + +1. Hedge funds +2. Prime brokers +3. Market makers (Shitadel) +4. The DTCC + +&#x200B; + +[Staircase](https://preview.redd.it/mvrr1m6tmdc71.jpg?width=1438&format=pjpg&auto=webp&s=66547195a946c159e76a302ffc41b2c0b82536bc) + +When the 1s go bankrupt, the 2s take over closing out the shorts. When they're gone, the 3s takes over from them. And finally when they're broke, the DTCC will be required to take over. + +The DTCC are a bit like the central bank of the US stock market. They are running the show, and if you want to sit and play at the big boy table, you have to join their club and become a "Participant". This means all the hedge funds, banks etc. are DTCC Participants. To become a Participant you have to put down a very, very big deposit with the DTCC. + +The DTCC keeps all of these **'pledged assets'** in a big pool as collateral. If one of their members goes bankrupt and owes people money the DTCC sometimes has to pay the costs. It is a kind of emergency fund in case anyone fucks up so badly that the DTCC might be required to pay for their mistakes. Sound familiar? + +https://preview.redd.it/rj65iobgndc71.jpg?width=1340&format=pjpg&auto=webp&s=07ee250af453007ae28b248860b869b86b9f860f + +This pool has been referred to as an insurance policy in the past, because this is a quick and easy way of explaining how all of this works. But **there is no insurance policy on the planet that could cover the potential losses the DTCC could face here.** + +&#x200B; + +The largest insurer in the world, Allianz, has 'only' \~$1.4t of assets. I work in insurance and I'm confident that the *entire global insurance industry combined could not pay for the MOASS.* + +The terminology we use when talking about the source of funds for MOASS is important, especially as the conversation has recently started spreading to places like LinkedIn. Referring to insurance could be a source of FUD as people will chime in noting the limitations of insurance companies' assets, the liklihood that they will actually pay out etc. + +Another noteworthy point is that the deposits can be made up of a variety of different assets such as stocks and bonds, all of which will have varying values as their market prices fluctuate. It is this pool of assets that the DTCC will have to dip into to get funds to pay apes. But our DD shows that either immediately before or immediately after the MOASS begins (depending on what triggers it) we will see a huge market crash around the globe, on an unprecedented scale. + +This means that the value of the assets in this pool is likely to deteriorate significantly. We have had a few different estimates given (for which I can't find a reliable source) saying that the DTCC should have somewhere between $60-75t in the pool at the moment. + +So let's do some napkin maths for a second. Let's pretend there are currently 300m GME shares out there. Let's pretend also that the DTCC's pool is devalued by 50% and is now worth only $35t. We'll add another $1t that is paid by the assholes from steps 1-3 on the staircase. + +$36t ÷ 300m = $120k per share. + +Now, the geometric mean DD shows that a lot of people will probably paperhand way below a figure like this, which leaves more funds for diamond handed apes. We have also seen many apes **individually and of their own accord** confirming they will never sell some or all of their shares. I will be taking this approach myself also. This again increases the funds available for those who do sell. **So this means that the figure of $120k per share is definitely not a limitation, I personally expect the price to go into the millions.** + +But it stands to reason that even the DTCC will only get so far through the task of closing these shorts before they run out of funds. What could happen after this is open to speculation and I'm not really going to get into it too much. But just know this - **if the DTCC were allowed to fail, the entire American economy would grind to a halt**. It's simply not going to be allowed to happen. + +What I personally would expect to happen is a bailout of the DTCC by the US government, and the money needed to do so will be printed on the day. The taxpayer will once again be burdened with the mistakes of wall street scumbags. But with their new wealth, apes can and will effect political change to try and avoid this happening ever again. I'm a dreamer, I know! + +Anyway, I'm getting sidetracked. The crucial point I hope people can take away from this post is that there is no insurance policy involved here. There will not be any way that an insurance company could weasel their way out of paying for this because they simply won't be involved. + +**I think we should refer to the DTCC's funds as something else e.g. the deposit pool.** I'll let apes figure the name out! + +🦍🦍💪🏼💎🤲🏻💎🚀🚀🚀🌕 + +&#x200B; + +&#x200B; +# Elon Musk bought Twitter for one reason and only one reason, + +# TO CREATE ARTIFICIAL INTELLIGENCE!!!! + +Lets take a look at the facts, and as I lay them out, it should become fairly obvious why this will be fucking terrible for all of man kind. Then we will examine the best fiscal path forward. + +* First we already know TESLA is making robots, so it is fairly obvious that the he is aiming for AI technology. + +&#x200B; + +[TESLA ROBOT](https://preview.redd.it/ehsrrlaptcw81.jpg?width=275&format=pjpg&auto=webp&s=718fd6d8e0c54463ef765f4bdbe059773bc18dd7) + +&#x200B; + +* Second- Elon Musk watched the Movie 'Ex Machina' so we can clearly deduce that he knows one of the keys to creating AI is having access to a enormous amount of data(twitter). See the below Script Analysis from Scott Myers for reference. + +" *61–64 Nathan shows Caleb his lab where he makes the AIs. He explains that he managed to crack the problem of creating a convincing face by hacking into all the cameras on peoples’ iPads, phones etc and using that data. He goes on to show a brain, like that inside Ava, made from structural gel that holds its form for memories but shifts for thoughts. The software for the AIs is ‘blue book��� which is Nathan’s (Google-like) search engine company, that tells the AI how people think — thought patterns, impulsivity etc — more than what they are interested in. Nathan says he wanted to show Caleb all this to remind him that Ava is just a computer, a grey box, with no gender.* [SOURCE](https://gointothestory.blcklst.com/script-analysis-ex-machina-part-1-scene-by-scene-breakdown-25ebd7b2777d) + +"Ok.... you are probably thinking "so fucking what?!?" Well wait there is more. Now check out this math I did. + +# $TWTR + $TSLA + Starlink = Terminator + +&#x200B; + +[SKYNET = STARLINK](https://preview.redd.it/7flhx3vfucw81.jpg?width=299&format=pjpg&auto=webp&s=953a47a43f6959e740da23f653a6dfb666a0ba4a) + +&#x200B; + +[STARLINK = SKYNET](https://preview.redd.it/zyseusosucw81.jpg?width=768&format=pjpg&auto=webp&s=7f13a96d1d5fe0aed2a0ac5d4f3ac164c79a0a5e) + +&#x200B; + +The combination of SpaceX(Starlink), TESLA, and TWITTER will lead to the rise of TERMINATORS! Machines designed to eradicate human beings. If you are still not connecting the dots, you are probably fucked anyway, leave this post and go back to facebook. + +For those of you still paying attention let me drop some more knowledge bombs on you and then we can have a serious discussion about what we need to do about this.... + +* It is entirely possible Elon is a Terminator, I mean who the fuck names a kid X Æ A-12 ? I am not going into all the other supporting facts supporting this right now, but it is possible because Terminators time travel. +* Starlink is designed to be a literal net of satellites in the sky a fucking SKYNET(in case you needed some spelling instead of math) +* SpaceX is teaming up with the military just like Starlink does. +* Neuralink (mind control) +* Boring Company (tunneling robots) +* Examine all the Terminator names: They all Start with letters just like Teslas , T-1000 , T-8000 , shit one of them is even called a Series - H, now tell me that does not sound like Tesla! [SOURCE](https://screenrant.com/terminator-movies-machines-every-model/) + +"**The US military is teaming up with Elon Musk's SpaceX to build a rocket capable of delivering weapons around the world at 7,500 mph**. The plans call for a rocket that can carry 80 metric tons of cargo into space and land anywhere in the world in about an hour. " [SOURCE](https://www.businessinsider.com/musks-spacex-partners-us-military-to-deliver-weapons-by-rockets-2020-10) + +"Upon connection to the secure military network, Skynet spread itself further, locking out human operated systems, and quickly took control of every weapon system that it came into contact with. Only then did its creators realize that the virus *was* Skynet. Exactly one hour later, at 6:18 PM, Skynet launched the American nuclear missiles at their target sites across the world. The ensuing nuclear holocaust wiped out three billion human lives in what was to be known as "Judgment Day". [SOURCE](https://terminator.fandom.com/wiki/Skynet) + +* I also asked the smartest person I know [u/VisualMod](http://user/VisualMod) , and he said and I quote: "this was all totally possible and 97.1523486% likely to happen."Fucking boom! Microphone Drop on your face! + +&#x200B; + +![img](f1vcjww6vcw81 "\"This is all totally possible and 97.1523486% likely to happen.\" ----u/VisualMod +") + +&#x200B; + +So there you have it, we are all fucked now, all thanks to Elon Musk who is 97.1523486% likely to be a Terminator. So what do we do? Nothing in the short term, depending on how the secret time traveling wars play out, we could be a decade or more from actual Judgment Day. There is also a 2.8476514% chance that this will not happen and Elon is not a Terminator, so if you play FDs you are used to worse odds and should probably just fuck off as per usual. + +I am going to stay in the market until I see certain signs: + +* When TESLA Robots Division reaches 3 Million deliverables per year +* Serious AI integration between Twitter and the US military emerges +* US Military Begins Purchase of Autonomous TESLA Tanks +* SpaceX merger with LockHeed Martin + +If you see any of these things happening, go cash gang asap and head for a bunker in the hills, after the fallout maybe you can join the resistance and help bringdown Starlink. + +\*\*\*\*this is not financial advice, this is the fate of humanity\*\*\*\* + +Positions: I am definitely not telling any of you quacks the coordinates of my bunker. +I've started theory-crafting about what the plan with Blockbuster is since yesterday when they started tweeting about NFTs and tagging RC. Then I remembered that GameStop has filings for "GME Entertainment LLC", a firm very likely to buy companies in entertainment for future use with the NFT marketplace. Blockbuster could be the NFT Netflix service, letting you buy/lend movies and series. + +&#x200B; + +However let's look at the implications of this move. The blockbuster shares still exist and still trade (in a private exchange that retail can't access) with the ticker BLIAQ and is currently at $0.001. + +&#x200B; + +[BLIAQ](https://preview.redd.it/wqx4pkhqtcd91.png?width=867&format=png&auto=webp&s=d27163aa8a0313426d40deebbc788dd8e91c6df4) + +Now I recommend reading the [Cellar Boxing DD from 10 months ago](https://reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/?sort=top) if you haven't already. TLDR is that companies were target of forced bankruptcy by Market Makers by naked shorting their stock, **many** times their shares outstanding. GameStop was the target of this as well but they didn't succeed. They did with Blockbuster, creating most likely billions of naked shorts in the process. + +&#x200B; + +Blockbuster is possibly more naked shorted than GME since the lowest GME reached was $0.70 in 2020. And when we realized what was happening, we were blocked from buying these cellar boxed stocks because the squeeze would've started right then and there. But that doesn't mean that people don't still own this bankrupt company and can make decisions with it. The shareholders of record. Maybe RC was in talks with them about an acquisition since years ago. + +&#x200B; + +Now, what would happen to the billions of naked shorts if Blockbuster came back from the dead and was issued as NFT stock? The naked shorts would have to be closed, which is impossible. A true MOASS, an infinite squeeze. And the MOASS would be owned by GameStop, and therefore GME shareholders. Also Blockbuster could be just one of many cellar boxed companies acquired, Sears and Toys R' Us are compelling candidates. + +&#x200B; + +If this is true, there are no more worries of paperhands, uncertainty of how many actual naked shorts are there with GME, and market manipulation bullshit. GameStop shares are worth infinite dollars and the transition to the new financial system begins. RC doesn't just want a squeeze, he wants lifetime shareholders. Apes want the MOASS. This way everybody gets what they dream of. + +&#x200B; + +**This might be the 4D chess checkmate. And all I have to do is the same I've been doing for a year and a half: Never sell.** + + +Edit: Some comments are saying that if blockbuster wants to do anything, it won't affect this particular ticker because it's already Q'd. But if that is the case why does it still exist and trade? **And if these tickers can't squeeze, why is the Q'd ticker for Sears (SHLDQ) up over 1000% from 6 months ago?** If these tickers only still trade in order to enlarge collateral for MM's books, this would be a bad thing for them since they are short them. There has to be something else there. +[https://markets.businessinsider.com/news/stocks/mit-names-ethereum-pos-top-technological-breakthrough-in-2022-1031242952](https://markets.businessinsider.com/news/stocks/mit-names-ethereum-pos-top-technological-breakthrough-in-2022-1031242952) + +The **Massachusetts Institute of Technology** has named **Ethereum’s** (CRYPTO: ETH) upcoming transition to a proof-of-stake blockchain to its list of top technological breakthroughs for 2022. + +Now this title is a bit misleading because MIT didn't just talked about Ethereum but also Solana, Algorand and Cardano. Nonetheless, the elephant in the room in Ethereum and good to see institutions like MIT calling it breakthrough in creating digital currencies. MIT's specific focus is on the consensus mechanism, understandably so, the key hinge for double spend and network security. + +It's great milestone for entire crypto community that all major blockchains except Bitcoin run on PoS consensus, that will unlock a lot of goodness for the applications, users as well as market! + +Godspeed! +Its literally whats happening. + +Price swings from 420-136 and you see a house you could buy disappear. + +You see those medical bills your family is underneath come back. + +You see rent. + +You see the price of formula. + +The massive price swings are literally horrifying, especially for us. + +So try to keep in mind that keeping yourself physically prepared to deal with it is part of winning this war. + +All they've got is theatrics and price manipulation but its hard to watch. + +So to get ready for the kind of war we're going into tomorrow: + +1. Sleep if you can. At least get some rest. Your brain without sleep has poorer responses to stress and makes worse decisions. +2. Eat. Plan an easy breakfast. Remind yourself to eat too, the adrenaline is going to mask your appetite. +3. Monitor your substances. Your adrenaline will work as a stimulant, not need to pound red bull all day. Its just make you jittery and more vulnerable to their only weapon: financial horror and stress. +4. Plan breaks and places to do it where you're away from shit. Take a walk or a drive. Sit on the porch and spark one for 10 minutes while MM's try to scare you. +5. Visualization. Open your brokerage. Look at the GME price while breathing deeply. Now imagine it being $96 dollars. Keep breathing deeply. Now picture it being 6969669.42. Keep breathing deeply. +6. Definitely jerk off. + +No matter what happens with the price take care of yourself. Don't let these ghouls get in your heads. + +We got this. + +Hold ~~til Pluto~~ through [heliosphere](https://en.wikipedia.org/wiki/Heliosphere). + +EDIT: Thanks for the awards comrades!!! I'm honored to share the field of battle with you tomorrow. Added #5 and major oversight #6. +**The Golden Ratio** + +Some of you may not know about Fibonacci ratios but that's ok. I will not overcomplicate this post and you don't need to be a TA expert to understand it. + +Suffice to say, these ratios, particularly what's referred to as the golden ratio (1.618), aren't limited to TA, but ubiquitous in all nature and cosmos. + +Fans of The Da Vinci Code will remember Professor Langton explaining how mathematics and art collide via the 'golden ratio.' + +The golden ratio is sometimes called the "divine proportion," because of its frequency in the natural world. Space-time itself is defined by this mathematical constant. Naturally, we humans are somehow programmed to act in accordance with this ratio in everything we do. + +**Golden Ratio in Bitcoin** + +Bitcoin's price action right now is following the exact same pattern that it did in 2013 and 2017. Let's take a look. These charts are very easy to follow, + +[First big run, new ATH and correction to 1.618 \(2011-2013\)](https://preview.redd.it/btz4233otdc71.png?width=1558&format=png&auto=webp&s=5e202930c48f7ed3ac3e6a9c200fe3b47e3960f2) + +[Same pattern \(2013-2017\)](https://preview.redd.it/0a89pscutdc71.png?width=1558&format=png&auto=webp&s=2bcf184dc809a8695e9202ff0749e9f92233ca02) + +[Unerringly rhythmical \(2017-2021\)](https://preview.redd.it/w443ztdxtdc71.png?width=1559&format=png&auto=webp&s=ff4d1b5aeb6c793e396a177e9b95959452859c58) + +When Steve Wozniak called Bitcoin a mathematical miracle, he wasn't kidding. Whatever makes the price action so unerringly rhythmical this way between halving cycles can be empirically analyzed by humans similar to the patterns in nature but never fully understood. + +It once again begs the question if Mathematics was invented or discovered. + +I was already super excited 3 years ago to observe whether the same pattern would play out again. To see it play out exactly the same way (so far) is nothing short of spine-chilling. + +You can check out the two pinned posts on my profile. + +In February 2018, when everyone was panicking, I pointed out that we would go back to 19k and beyond in the next cycle. + +Back then, I hadn't yet analyzed the price action this closely but I knew the quadrennial cycles. + +Then in December last year, I called for $100k before the end of 2021 which I still stand by. + +Similar to my prediction in 2018, I understand that this may be too optimistic to imagine right at this moment. + +In my personal opinion, it's very likely that 29k turns out to be the bottom for this correction phase. + +But you should of course DYOR. +First of all this is in no way shape or form a slam on my family. They are all sober or dead now and amazing. +I grew up rich. Really rich. But it never transferred to me and kinda not my siblings either. I know a lot of rich kids like this. +Well I've been wracking my brain why I'm so eternally broke. +Yesterday someone asked why I may not think I deserve this. More idk and huh? +Then this morning it hit me. While my blond sisters shopped at Macy's I wore hand me downs. Why they had hair clips with ribbons I was riddled in lice. I'm talking when I itched my head my hand was covered in blood. Ya being rich is not always awesome. +I ended up a grade behind my blond, taller, popular twin sister. I was dark and short and hairy. +My sister got drivers licenses but my mom said no way to me. It was endless. At my twin sisters wedding my dad said don't expect me to pay for yours after he paid for hers. +I wasn't in a relationship!!!! It wasn't solicited. +This was my life. As my dad was dying I had to take care of him while everyone did their life. +No wonder I don't think I deserve to have nice things and no wonder I can't afford flea and tick stuff for my dogs. +Just wow and thankfully I'm seeing my therapist this morning. +I’m currently 19, looking to get into cryptocurrency. I’ve always been aware of it as I have numerous friends who have been very into this kind of stuff but I never really payed much attention to it, couple years later and I’m starting to feel like I’ve missed out significantly. Is it too late for me to get interested in crypto or should I just look for something else? +In the last 7 days Wagerr (WGR) price is up 231% and has burned more than 1 Million $WGR!!! Here is the why and how: + +**What is so good about Wagerr (WGR)?** + +* The World's First on-chain Private, Betting App +* It has the best odds in the landscape compared to competitors +* One of the most established dev teams and working products in the crypto space +* So far already a staggaring >28.000.000$ paid out +* A unique reinforcing $WGR burning mechanism in place (burning an amazing 1M $WGR p/w) +* Cross-chain availability on both CEX and DEX (on UNI + BSC) +* Low MCAP coin with huge opportunity looking at competitors (>$3,5B) +* Strong community with strong and solid hodlers aiming for a true moonshot (1$-10$ EOY) + +**Unique to Wagerr - Reinforcing value loop in place boosting $WGR value** + +* Increased adoption and increased volume leads to; +* Increased volume of lost bets in favor of 'the house' leads to; +* Increased burn of lost bets are burned leading to; +* Increased value of $WGR and visibility leading to; +* Increased adoption (..) - repeat from 1 step onwards. + +**Why is Wagerr different than other traditional or "crypto" sports books?** + +* You hold your own funds (no more BEGGING to withdrawal your own money!) +* Best Odds (no profit motive for WGR as it is decentralized and there is not company behind it, so they can offer the best odds) +* NO KYC (you don't even have to provide a name or even an email) +* No geo-restriction (bet from anywhere in the world) +* No limits on betting (Dana White that means you can bet $1 millions on Ben Askren) +* Winning bettors won't get limited +* Completely transparent, you can see every bet, every line movement, EVERYTHING on the block explorer at [https://explorer.wagerr.com/#/betevents](https://explorer.wagerr.com/#/betevents) + +**Wagerr is gaining traction on Twitter, 4chan and Reddit and has the potential to go parabolic potential based on its unique burning mechanism: increased betting volume = increased burn.** + +**Launched recently Wagerr Sportbook:** [https://www.wagerr.com/sportsbook](https://www.wagerr.com/sportsbook) + +**Listed on Uniswap - ERC20:** [https://info.uniswap.org/pair/0x1964cf3d1d95965eeceaee11debed99223524f48](https://info.uniswap.org/pair/0x1964cf3d1d95965eeceaee11debed99223524f48) + +**Listed on Pancake Swap - BSSC**: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdbf8265b1d5244a13424f13977723acf5395eab2](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdbf8265b1d5244a13424f13977723acf5395eab2) + +**Listed on Beaxy - US Regulated Exchange:** [https://beaxy.com/buy-sell/wgr-btc/](https://beaxy.com/buy-sell/wgr-btc/) + +**Visual insights on Wagerr low marketcap vs key competitor log-scale (>$3,5B) x193 potential:** [https://pbs.twimg.com/media/Ew\_4hQ4WQAIqUU\_?format=jpg](https://pbs.twimg.com/media/Ew_4hQ4WQAIqUU_?format=jpg) + +**Visual insights on Wagerr unique burning mechanism and increased betting volume:** [https://pbs.twimg.com/media/Ew\_4hOIWUAYtC8S?format=jpg](https://pbs.twimg.com/media/Ew_4hOIWUAYtC8S?format=jpg) + +**Wagerr details:** + +**Website:** [https://wagerr.com/](https://wagerr.com/) + +**Twitter:** [https://twitter.com/wagerrx](https://twitter.com/wagerrx) + +**Please remember this is not financial advice, I am not a financial advisor, I'm a degenerate gambler :)** +**HOLD up partner!** I know you're anxious to get down to that sweet comment section and leave your mark. You're probably already thinking of something clever, like "bold of you to assume I can count to 8". But we're about to learn some interesting things, which you can later use to amaze and impress your parents, friends, or significant others. + +*So you've got yourself some crypto, and since you're no chump you created a wallet (or three) to move it to. During the process, the software presented you with a list of words and told you to* ***write them down and keep them safe***\*! But did you know\* + +&#x200B; + +1. **The idea to use a list of regular words (a mnemonic sentence) for generating cryptographic wallets was proposed in 2013**. It was formally adopted as a Bitcoin Improvement Proposal (BIP) called BIP-39. Prior to that, wallet seeds were just a long, randomly generated string of digits, which was difficult to use due to the fact that it's easy to introduce errors when reading or writing it down. Some subsequent implementation following BIP-39 is now used by just about every wallet on every blockchain, *because it's just that good of an idea*. +2. **I know all the words in your seed phrase!** All modern wallets that use BIP-39 use words from the same list of 2048 official seed words. There are different lists for other languages, but every wallet that uses English language is derived from this list of words: [https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt](https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt) +3. **Each word in the list was chosen to minimize the chance of mistaking one word for another.** For example, no two words on the list start with the same four letters, so technically if you can read the first four letters you can recover the wallet. +4. **Humans are terrible at generating randomness**, which is why when you create a new wallet, the software doesn't let you "choose" your seed words. Basically, you would pick words that someone (or a good computer to be more specific) could easily guess if given a few million (or billion) tries. What the wallet does instead is generate a highly random sequence of bits (0’s and 1’s) and then chop it up into a series of 11 bit values, each of which then identifies a single word in the word list (2\^11 = 2048, the number of words in the list). So for example if a particular 11-bit chunk of the random sequence is “00000000101”, that is the number 5, so the 5th word in the list is used, which is “above”. When you recover a wallet using your seed phrase, the software looks up each word to find it’s position on the list and then converts that place number back to the value (i.e. if you enter “moon” it finds that word at position 1149, which in binary is 10001111101). The fact that OG BIP39 wallets were defined this way, by the way, was **considered technically to be a flaw****^(1)**, because the seed words *themselves* don't actually contain the information to recover the wallet. You have to look up the word in a particular list of words. So if the word list is unavailable or changes, your recover phrase would not work. Some software like that [used by the Electrum wallet](https://electrum.readthedocs.io/en/latest/seedphrase.html#motivation), solves this issue by using the seed words themselves to produce the seed value and hence the public/private keys. In the meantime, when you record your seed phrase you **really should also write down the wallet software (including version number) that was used** to produce the keys, so that when they unthaw you in 100 years and you want to recover your vault of moons, you can get an archival copy of the correct software you will need (hopefully someone stored a copy on [IPFS](https://en.wikipedia.org/wiki/InterPlanetary_File_System)). You remembered to have your seed phrase stored with your frozen body, right? +5. **The last word in your seed phrase is actually dependent on the previous words.** This is another level of error detection built into the mnemonic seed phrase. After that series of random 0’s and 1’s is generated, the software calculates a [checksum](https://en.wikipedia.org/wiki/Checksum) and combines it with the last 11-bit sequence, which then determines the last word in the list. So if you know the first 11 words, you can figure out the 12th word fairly easy by trial and error (which is [how I know](https://iancoleman.io/bip39/) “`moon moon moon moon moon moon moon moon moon moon moon tomorrow`” is not a valid seed phrase but “`moon moon moon moon moon moon moon moon moon moon moon able`” is). +6. **The same seed phrase will produce a different wallet on different blockchains.** This is because a subsequent proposal, known as BIP-44, adopted in 2014, added an additional field to the seed value which identifies the coin type. This was done so that there would not be a case where the same public/private key pair existed on multiple blockchains if the user used the same word list to generate, say, separate bitcoin and ethereum wallets. Since you usually use a wallet which is designed for a particular blockchain (e.g. metamask, which supports Ethereum, or Yoroi for Cardano) you aren’t aware of the addition of that key value; the software just does it for you. Related to that flaw in BIP39 pointed out in #4 above, this enhancement is related to what are called *derivation paths*. Which is why technically, your seed phrase is not enough to recover your wallet. **To emphasize this point again, for long term archiving of your seed phrase, be sure to also record what software produced it and for what coin you created the keys.** +7. **Some blockchains use more than 12 words**. [Algorand](https://community.algorand.org/blog/understanding-mnemonic-keys-and-how-they-are-generated-on-the-algorand-blockchain/) and [Monero](https://web.getmonero.org/resources/moneropedia/mnemonicseed.html), for example, use 25 words (the last word includes the checksum similarly to the 12 word version). This is to increase the length of the public key/private key pair to 256/512 bits, respectively. Cardano supports either 15 or 24 word mnemonic phrases. (*No, I don't actually know why they chose 15, I guess just to be weird*) +8. **There are 5,444,517,870,735,020,000,000,000,000,000,000,000,000 possible 12-word seed phrases.** To put that in perspective, there are approximately 7,500,000,000,000,000,000 grains of sand on the earth. So you would have a much (**much!**) greater chance of selecting a single specific grain of sand from somewhere on the earth than guessing someone’s 12 word seed phrase. And for 24 words? Just don’t think about it. For fun, visit [https://keys.lol/](https://keys.lol/) and spin the wheel. + +Try not to let your brain explode with all this new information, cryptofriends! + +If there is one TLDR here, it's this: **when you record your seed phrase, also record information about the software that produced the keys with it.** + +^(1)EDIT: This flaw in original word-list ordering concept was in fact was addressed by implementation of BIP-39 to add an additional step, where the words are hashed together first to generate the RNG sequence. The word list is still used by the wallet software to help verify that you (the user) have entered the correct words and in a valid order, but it doesn't really chop the random number's bits in this simple way. Thanks to u/[**ilkali**](https://www.reddit.com/user/ilkali/) for pointing this out! + +&#x200B; + +&#x200B; +Hi guys. I really need to get this off my chest before I explode. +My husband and I bought a mobile home a few years ago. I was kind of 'meh' about the place but my husband liked it and it *appeared* to be in good condition... It's not. We can afford basic repairs and the occasional large one but it seems like everything is going and as soon as we can hope to pay for something, something else pops up. +Since we've moved in we've had to replace the hot water heater, get multiple small plumbing repairs due to leaks and such, pay for a gas line repair and lots of small things. + +Here we are now, barely floating because we had some time of unemployment but we're both working again and planning on getting back on the repair bandwagon... Ac doesn't work, furnace is on its last legs, the floor is soft and warped in spots, several power outlets don't work, our tree needs trimmed and the park is getting grumpy about it and we were working on a budget for all of that and last night our 1 year old water heater sprung a leak! That's just the major stuff, there are still some minor repairs that have been put off/recently came up. This place cost less than the repairs! + +We wanted out of the expensive rental market but at this point it would have been cheaper and less stress to just stay in an apartment. With our current jobs we make about 70k a year, the most we've ever made, and I feel poorer than ever. + +I know this is a vent but if you have advice I'm open to it. Please don't berate us for buying this hunk of junk, we're doing our best. +On November 21st, 2015 (11/21/15) I lost my Toyota Prius in an accident. Totaled. My insurance company took their sweet time processing the settlement, but eventually (December 22nd) it was finalized, and the settlement was submitted. + +Since the balance of the loan was not covered entirely by the settlement amount, the GAP insurance was supposed to cover the rest of the loan. In December, i made my car payment, as suggested by the customer service employee, since the settlement hadnt posted yet, and my insurance company wasnt in any rush. + +After receiving the settlement, i called again to get the status of the GAP insurance, and was told that it would be taken care of in 7-10 days. Explicitly told NOT to make any more car payments, and id be getting a refund for whatever payments i made after the date of loss. + +2 weeks later, still saying my loan has a balance, so i call again, get told that i need to call my dealer and cancel my maint. agreements. Okay, but when i called the dealer, they yelled at me. Literally. "Well what the f#&k do you want us to do about it? it has nothing to do with us, call Toyota" I called Toyota, got a different rep, was told again it would be 7-10 days and they had everything they needed. + +Well some more weeks, balance still there, next due date coming up, i call again, ask for a supervisor. He tells me they are waiting on my insurance breakdown of the settlement. I have that! SO i fax it over, the man confirms that he received it, and everything would be complete by the end of the week, and not to make a payment on the vehicle. + +Well now its a month later, i just got a letter in the mail saying im going to default on my loan (I owe 1000) in the last 3 months of missed payments. I am deploying in a month and have no means of rectifying this. I don't have a thousand dollars to just spend on a car that has been totaled for 3 months and hope for a refund from an obviously disorganized and unreliable company. + +I don't know what to do, and this really isnt what i was hoping the last month before leaving would be like. :( + +EDIT: I would just like to thank all of you kind and well-informed folk for your support and suggestions. I have gotten in touch with the BBB and the CFPB, in addition to sending a few emails and getting into a conference with the GAP, Total Loss, and one of the supervisors. Hopefully things will be resolved soon. I owe you all a beer, and my very best wishes. + +P.S. sorry for the misleading title :( +I want to be just a buy and hold sp 500 guy but feeling bearish about the future… + +Does anyone hold Jepi, qyld, nusi and take dividends but have a set sell point if capital drops too low? + +Thinking of trying to make 7 percent each month and going to cash if price per share drops too low for my comfort +Sorry in advance if not allowed, but I’m looking for an app to use other than Robinhood and was hoping you guys would have some suggestions. If I do switch how does that work? Do I have to sell all my stocks and buy new ones on the new platform or is there a way to transfer them? + +Thanks in advance! +For background i have a pretty solid idea of the market and what not for my age. i’ve spent a lot of time trading and learning options which has had great ups and bad downs. but i also want to be great at regular investing. way less risk + +With that being said i already have a long term investing account that i started about a year ago but it’s not dividend focused currently. +____________________________ + +My positions: +$VOO 52% +$IXUS 28% +$IJH 10% +$IJR 5% +$BITO 5% + +worth $3,250 +____________________________ + +This portfolio is in acorns and i’m heavily considering transferring or withdrawing to start using a different broker. acorns works great for me but i need more control of positions. + +I’m looking to start adding $JEPI $SPHD $SCHP for dividends but i was wondering if i should do this within a roth ira? + +i would like to be able to pull funds out at anytime but also i don’t necessarily plan to touch it. + +not looking for a financial advisor just looking for opinions and thoughts 🤣 +Hi all, + +Apologies if this has been asked before, if so please direct me to the earlier post and I'll delete this one. + +My question is this, is it better (as a 27 y/o) to invest in stocks with a strong dividend history vs stocks with a strong growth history. +E.g. AT&T pays an excellent dividend of >7% but their 5 year growth is a 20% decrease +Or say a Microsoft, who have a <1% dividend but in the last 5 years have grown >300% + +Not looking for right or wrong, curious to hear people's opinions. My gut tells me to target those stocks with a history of growth now, and transition to stronger dividend stocks when I'm looking for income. +After the merger between Realty and VEREIT, for every 10 shares of O, stockholders will get 1 share of Orion (ONL). + +I was interested in finding the worth of each share of ONL, and my rabbit hole led me to the "edgar" search system within the SEC's website. + +From what I'm understanding, each share of ONL will be worth $0.01 + +&#x200B; + +https://preview.redd.it/1zu2wgemimw71.png?width=1272&format=png&auto=webp&s=463c6701c6c0934f7563c8c00e4213071ee0bd68 + +.....Am I reading this correctly? Because it seems I got myself pretty excited about nothing lol + +Here's the link to the SEC filing that I'm referring to: + +[https://www.sec.gov/Archives/edgar/data/0001873923/000110465921129247/tm2122336-12\_8k.htm](https://www.sec.gov/Archives/edgar/data/0001873923/000110465921129247/tm2122336-12_8k.htm) +Hello Brain trust + +For someone getting closer to retirement, will it be a good idea to invest 95% of money into dividend paying stocks (lets include growth stocks also - SPY, VOO, SCHD, VYM etc.)? + +Or would you prefer to have multiple streams of income and lets say decide to invest some in dividend stocks and some in real estate for rental income? What are some other methods of generating passive income during retirement years? + +Please share your advise. + +My friend and I created a small tracker that tracks UOA in the market between $100K - $1MM, hoping to aid in our investment strategy and generate ideas. We want to share with you our summary today. Any feedback and advice are welcome! + +[UOA TABLE](https://i.imgur.com/OvnXMg5.png) + +[UOA GRAPH ](https://i.imgur.com/I6KPWEI.png) + +We received a lots of great feedback so thank you everyone! Our next step, once work gets less busy, will be updating the tracker to be more inclusive of potential UOA beyond the $1MM mark. We also plans on adding other indicator such as open interest as well as stock volume to the daily summary as well. + +We also are storing these data into our data base, so in the ear future we hope to have 30, 90 days avg volume as well as graph associated with each stock’s past trend +Hello, fellow autists and retards. For those of you that frequent this sub you'll be no stranger to gain porn of people turning 30k into 3 Milly and going off to buy a yacht for their dog. Conversely, there's the loss-porn of people turning 100k into -30k, deleting their e-trade app and end up with burly Russian men knocking on their door asking to have a "chat". + +Here's the number from [a UC Davis study](https://faculty.haas.berkeley.edu/odean/papers/Day%20Traders/Day%20Trade%20040330.pdf) that studied the profitability of day-traders + +>Over the typical six month horizon, using lower range assumptions regarding transaction costs, less than 20 percent of day traders earn profits net of transaction costs. + +Now, who are those **20 percent** that actually made a profit? + +>We identify day traders who earn substantial profits over a six-month period and analyze the performance of their subsequent trades. These profitable day traders continue to earn stellar returns. The average day trader in this group earns a semi-annual income of over $NT 1 million from his day trading activity, though the group’s median income is a more modest $NT 126,000. The stocks they buy outperform those that they sell by 62 basis points per day. These profits survive transaction costs. **In other words, there is strong evidence of persistence in the ability of day traders.** + +People who actually know what they're doing. + +>Consistent with our prior evidence, there is a strong monotonic relation between past standardized profits and subsequent performance. + +&#x200B; + +If you actually come out positive in the year-end, you're already doing better than 80% of traders out there. If you beat the market you're even the rarer of the rare, and if you go full yacht, ability and skill have more to do with luck. + +&#x200B; + +**Key takeaway:** When you find yourself consistently losing money, it's probably time to consider the statistics. Good traders consistently gain money, if they lose they don't double down to try to recoup their loss. If you keep losing money, it's time to stop and "git learnt". +Thanks in advance for reading, and I asking for your collective hive-mind opinion on a substantial life decision. + +Would it be financially imprudent to move from Denver to Irvine, California? + +**Basic Facts:** + +* Our family of four currently has about $3.6M in investable assets including taxable accounts, 401Ks. Excludes HSA, 529, and home equity. +* My wife (40) and I (41) earn collectively around $650K and live in a mid-tier city with our kids in public elementary school. We are contemplating transitioning away from our jobs, and either not working or working part time. +* Annual expenses including home mortgage, utilities, and personal expenses total around $140K. This excludes health insurance, which may be around another $20K. +* Our current home is valued at $1.2M and has been appreciating at 7% annually in a mid-tier inland city. The original 30 year mortgage loan was at 3.375%, and we have a remaining balance of $500K, and thus potentially around $700K in home equity. Our monthly payment is $3600 including property taxes and home insurance. + +**Proposed Irvine, CA home:** + +* Would be at a list price for a 3 bedroom at around 3 bedroom at $1.4M. On a 30 year mortgage with 20% down ($280K) at a 6.6% rate, that would be a monthly payment of around $9000, which includes property taxes. With the increased mortgage, our annual expenses would increase to around $208K. + +Ideally, we would like to work another 1-2 years earning around $650k a year, potentially saving $250K after taxes per year, and then only work part-time or stop working. If we worked another two years, we would have $4.1M if the market saw no appreciation over the next two years. If the market showed 10% positive returns, we could be at total assets of $4.8M. At a 3.5% withdrawal rate on the principal of $4.1M, we could withdraw about $143K per year. At a 3.5% withdrawal rate on a principal of $4.8 M, we could withdraw about $168K. + +It seems that either we can stop working in a year or two if we stay in Denver. OR if we move to Irvine, we should be prepared to keep working until we reach around $5.8 M (at a withdrawal rate of 3.5%, would allow for $203K in expenses. + +The non-mathematical challenge is that homes continue to sharply appreciate in home value, so it feels that in two years, the $1.4M home in Irvine could easily be at $1.7M, so if we are going to move, we should just go ahead and do so asap. + +**Am I thinking through this fully? Are there other considerations that we should be thinking through?** + +—————————— + +**Addition based on the responses below, on the REASON why we want to transiton from Denver to Irvine.** The rationale includes some reasonable and less reasonable (perhaps more personal reasons). If wealth is intended to bring "optionality" or choices in how we want to live, the quality of life we perceive may be in Irvine is currently worth exploring. We happen to be in Irvine for the next week, and I am open to meeting with any locals for coffee that want to give me your perspective. + + +* We do have family that lives in the Simi Valley area, and I recognize that this is at least a 1.5 hour drive away, on the other side of the valley. +* We happen to be Asian American with two Asian American elementary school aged children, and would prefer that the grow up with greater diversity. Denver is around 4-6% Asian American. Irvine High School and Portola have around 40-60% Asian American populations, which may come with its own pros/cons. I have heard that disproportionate Asian American student populations can lead to excessive focus on academic STEM focused skillsets, as opposed to other soft skills (sales, management, leadership), and a hyper competitiveness that can generally be unproductive. There's both value in easily fitting in (in Irvine), as well as being able to survive while being different in Denver. +* Asian eats - being close to multiple H Marts, Mitsuwas, Ranch 99s just makes life more enjoyable. Frankly, an authentically "good" Asian American restaurant needs Asian Americans to thrive, and while there are Asian American restaurants in Denver, it's just not the same. There just simply aren’t Xiao long bao such as those at Din Tai Fung in Denver. +* The obvious weather factor. Our family are not skiers, and so the "benefit" of being in Denver is simply not appreciated. Why put up with snow and minus 15 degree weather during the bomb cyclone, when we could potentially enjoy 60-80 degree sunshine with close 20 min. access to amazing beaches. The beaches in California really makes our collective hearts sing, but I recognize there is a price. +* We have only started looking at different homes, neighborhoods, and meeting with realtors. We're open to visiting other cities/neighborhoods, but realize that places like Mission Viejo may be farther from the heart of the Asian American population that we are trying to surround ourselves in. I recognize that Irvine may be a boring overpriced burb to many, and maybe if we live here for a decade, we too will begin to sense that as well. + I am an early 30s female wall street type. Made approx 900k last year and am on track for 1.5 to 2m this year. NW around 1m, including retirement accounts (and I rent my apartment). My boyfriend is also successful in his career, though we haven't talked specific numbers I think he's higher nw/lower income than I am. We're currently trying to figure out if kids are in the picture for us. + +Most information I can find about having kids emphasizes the financial aspects - sacrificing your career because working isn't worth the cost of daycare or whatever - but I imagine things go pretty differently if you can absorb the costs. + +Most information I can find about having kids emphasizes the financial aspects - sacrificing your career because working isn't worth the cost of daycare or whatever - but I imagine things go pretty differently if you can absorb the costs. The idea of kids appeals to me but I'm worried about the opportunity cost of the time and the money. + +For those of you on your way to fatfire or already there when you had kids, how much did the experience derail your progress, both in actual cost and in sacrificed earnings potential? Is it really possible to perform equally well at work if you have small kids, if you have enough childcare and domestic help? If you go this road, can you still have a full relationship with the kid(s)? What about your hobbies and friendships? What fat things did you do or buy that you'd recommend? +Wondering if anyone else is doing 501c3 (operating) for tax / wealth shieltering purposes besides charitable causes (which to be clear is a big motivation for me as well), and what's your experience so far with it? +It seems like the only time I know how to hold is when my coins are losing value, and the only time I can sell is when the coin is about to magically start pumping. I feel like I got into crypto in the worst way. I got lucky. + +Back in October I had been holding a small amount of bitcoin that I bought around 5k usd when the whole China fiasco happened. At that point in time I was up about 35% in a few months. It was about that time that I began searching for a good altcoin to invest in. + +I found vertcoin when it was about $1. + +From what I read about vertcoin it seemed to be in a prime position for growth. When it reached about $1.50 I decided to jump aboard, because what the heck. My bitcoin wasn’t making near the gains that vertcoin was showing. So I decided to use shapeshift to convert all my bitcoin into vertcoin (I now know this was stupid but I got lucky.) + +Not even an hour later Vertcoin began its run up to about $5, and I was on cloud 9. I was literally pacing around my room trying to figure out if I was dreaming or not. I began fantasizing about the end of my minimum wage job and being able to move out of my moms place, (im 25 so it’s a bit embarrassing). + +This is the point where I became quite delusional. + +I became absolutely obsessed with vertcoin, I was telling everyone I knew about it. I ordered Vertcoin business cards from vistaprint to hand out, I stopped almost all of my hobbies in favour of watching Vertcoin move on bittrex, and I relentlessly patrolled the Vertcoin reddit forums and twitter. I kept coming across posts about vertcoin being “a better litecoin” and how it should be valued in proportion to litecoin “soon”. + +After vertcoin had peaked around $5, it spent the next while correcting and consolidating but at this point it I was already addicted to the rush of making money without doing anything. It wasn’t coming in fast enough. I noticed that litecoin was extremely stable in price around this time, and vertcoin kept losing value. So I figured: if I trade some vtc for ltc I could trade back for more vtc if it keeps falling, which seemed likely. Sure enough, it kept falling after I made the trade. I kept checking shapeshift to see how many coins I would profit, and as soon as it showed signs of dipping back down, I locked in my profits. I made about 30 vertcoins so easily! I felt like a trading god. + +This is when I got cocky. + +Every single day after that I was on shapeshift with my ledger nano s on my lap and 4-5 bittrex windows open at any given time. I made a few more decent trades, netting 5 vtc here, 7 vtc there. It seemed too good to be true. + +It was. + +Right around that time is when I discovered Komodo. It seemed to be a godsend to the crypto world with barterDEX being developed as a decentralized exchange with peer to peer atomic swaps, essentially cutting out the middleman (exchange fees). Even better: it was still cheaper than vertcoin. + +I waited awhile until I saw Komodo moving up with some momentum, and I made the trade. ~125 vtc for ~250 kmd. This is when everything went sour. Komodo stopped its run for a consolidation phase, and vertcoin began to pump HARD. I felt the panic coursing through my veins, my palms began to sweat and shake, I could hardly enter my ledger PIN properly. I watched in horror as shapeshift continued to offer me less and less vertcoin than I had given them... I kept thinking don’t panic, it will come back... but it didn’t. I had to act now. I traded back at a loss. I was in disbelief. Almost all of the Vertcoin I had gained in my previous trades was gone. Weeks and weeks of studying charts and waiting games completely wasted. After giving myself shit, I vowed to only hold coins from then on. + +This would not be the case. + +At this point I still had my minimum wage job, and I was putting FULL paychecks into vertcoin bi-weekly (very fucking stupid). It didn’t take long, soon I had more money in crypto than I had in fiat... (never do this). + +As an amateur trader, I completely neglected the fact that I was pushing my average buy-in up and up with each purchase. I thought the sky was the limit for vertcoin. People were making $20-$30 price predictions all over the internet, and key technical advancements were supposedly right around the corner. It just HAD to fly. + +Now there was a point around $10 per vertcoin that I considered converting to bitcoin to sell back to fiat because I had never had this much money before, it just wasn’t in a very spendable form. I decided against it (A decision I would regret shortly after). + +Vertcoin began to melt away in value, and I was so deluded that couldn’t understand why. I decided I would try the old shapeshift switcheroo again. I fucked up badly because I didn’t even do any form of analysis on the coin I traded to. I just knew vertcoin was going down and this other coin was going up. + +Of course after the trade, it reversed. Vertcoin went back up, and the other started to fall. I lost 16% of my vertcoins that day because of panic and ignorance. + +I would continue to make about 4 bad trades for every 1 good trade but I was still so irrational that I kept thinking: one of these times I’ll hit the jackpot on a trade and all of this will be worth it. + +Well, as it were, my luck had run out. + +I continued to lose money until I was right back where I started. With my initial investment. + +Since then, I’ve been struggling with depression and learned helplessness, anger issues and I still feel the creeping urge to fire up the computer and make another trade. It feels like hell, but I know it is insanity. I have an amazing life full of people that love me and I have been utterly neglecting them for invisible coins. + +I used to practice meditation and I lived my life in quite a zen-like state for years. Crypto destroyed this for me. I used to love programming in python, but I’ve been away from it so long that I’ve lost a lot of my skill. Every time I try to do some coding, I just end up watching crypto charts... + +I’ve been getting back into meditation and picking up my old hobbies again but I’ve never felt the same since crypto has fucked with my head. I’m considering locking away my ledger for a few years but the thought of it seems like an impossibly difficult task. + +I suppose the only silver lining to this story is that I haven’t actually lost any money, I just lost all my gains by trading foolishly. + +This is my story and I hope you can learn something from it, thanks for reading. + + +TL;DR: I lost all my gains after some beginner’s luck made me get cocky and crypto obsessed. I made the mistake of continuing to day-trade instead of just holding my coins. +Is everyone on the same boat for the past month+? What gives? I’m a little tech heavy, but even my “safe” S&P 500 ETFs are getting killed. + +Edit: I’m more asking if there were any major market or political news causing the recent slump. I’m not worried about dips, but I try to keep myself somewhat informed. + **KEY POINTS** + +* **Ford plans to increase its production capacity of electric vehicles to 600,000 units globally by 2023, according to CEO Jim Farley.** +* **The executive expects that would make the company the second-largest U.S.-based producer of EVs, behind Tesla.** +* **It’s unclear if 600,000 would place it second behind Tesla. General Motors plans to sell 1 million electric vehicles globally by 2025.** + +[**https://www.cnbc.com/2021/11/18/ford-plans-to-increase-ev-production-to-600000-vehicles-in-2023.html**](https://www.cnbc.com/2021/11/18/ford-plans-to-increase-ev-production-to-600000-vehicles-in-2023.html) +Wondering if any of you single Londoners live alone in rented accommodation. I logically know it's an absolute "waste" of money, but I bloody hate sharing a flat. Somehow whoever I end up living with (currently a friend and their SO - here I thought I was safe!) is the messiest human being alive. + +I'm paying around £700 at the moment, but that gives me a generously large kitchen and living room (which my flatmate leaves all his shit in and never steps out of essentially, so I feel this is no longer a benefit, I go in there maybe once a week to avoid them), not just a bedroom. + +I could probably move to a studio in the area for anything from 850 to 1000 including bills, if I spend some time doing viewings early next year when our AST comes to an end. Is this worth it? I honestly think it would provide me with a gigantic amount of quality of life, simply because I wouldn't be cleaning my own kitchen four times a week when others neglect to clean up after themselves. How much are you guys paying for the "luxury" of not wanting to deal with people? + +(TLDR: please assure me it's okay to spend a bit of extra money on living alone if it gives me a huge boost in peace of mind and comfort spending time in my own home) +We're in an era of extremely low interest rates, which means even low risk passive investing is likely to make a return significantly greater than saving, and greater than paying off most debt like your average mortgage. + +Has this always been the case? + +I'm looking at the historic BoE base rate and throughout the 80s it was over 10%, often up to 13%! I assume savings accounts would have then had a higher interest rate, and debts too. But does that rate have any effect on the rate of return on investment, or are they completely independent variables? + +I suppose what I'm asking is: if you had a bit of spare cash in the 80's, would you be better off paying off your mortgage quicker, or would there be any reason to expect a greater return on investments than is currently the case? Might you even have been better off sticking it in a savings account than investing it? +Everyone is on their own FIRE journey and my wife and I are 33/27 and are about 17-20 years out depending how greatly kids affect us and pending no catastrophes. We live a comfortable life: eat out a few times a week, have newer iPhones, but we always cut, borrow, and steal in many other ways: house hacked 2x's, shop at Walmart and Aldi, buy cheaper clothes rarely, 11 year old car. + +&#x200B; + +Anyway, last year some of our friends who make about the same as us (combined \~$100k) bought a brand new Audi SUV. Yay, good for them. They are in some debt, own 1 home that's nicer than the home we live in, and have expensive tastes across the board - jewelry, accessories, clothing, etc.. + +&#x200B; + +Flash forward to this year, I've had the desire to buy an older Corvette. $8k-$10k. Could easily pay cash and it'd only bump insurance a few bucks a month, because it wouldn't be driven often. Well, this year for Christmas our friends got a brand new BMW! They joked about "we maxed out the allowed amount between the Audi, house, and now this, but we can afford it." + +&#x200B; + +I went through a series of emotions in my head the last 24 hours. Part of me said, "screw it, I'm going to buy the 'vette tomorrow..." Then part of me got angry at how wasteful can be.... I've toned down today... I realized our goals aren't the same. That when they are in their 60s they'll be working and trying to figure out "how do we retire" and in our 60s we'll be just fine retired and doing almost anything we want. + +&#x200B; + +Thanks for reading, I don't have anyone in my network who is actively trying to FIRE, so, when I need to vent, Reddit is all I got. +I was discussing my five year plan to payoff my mortgage with someone (much older) recently, and they mentioned that they’d prefer to keep their mortgage unpaid. They explained the reason and suggested that it’s common, but I either forgot or didn’t understand. + +What’s a the rationale behind this thinking? +Hey everyone, + +I received a rental increase notice recently from our agent, however it's for 6 months in the future (Feb) as we had a rental increase 6 months ago. + +I found this a little strange but then someone randomly sent me an article about rent freezes. + +Do you think they're trying to avoid the posible freeze period by getting us to agree to a rent increase before the freeze is confirmed (if it happens at all). + +Historically they've given me a couple of months notice for rent increases but this one is quite far out so was a little surprised. +Hi guys, I’m 21 and just graduated. I started my job last month so much first payday was on Friday. + +I want to starting saving for emergencies / a house. + +I commute to work via train (classic London grad) and live at home with my folks + +What is some advice you would give a new grad? I’m looking into a LISA over the H2B scheme. + +I’m also curious about investment but unsure about this as my family is always save save save background + +Appreciate all the help and advice I can get + +Thanks +I got a email from Ally Bank that effective yesterday, they lowered the interest rate of their saveing accounts from 2.2% to 2.1% APY. Are other banks doing this as well and is it indicative of anything? This is what they said ..... + +" if you've been paying attention to the economic news lately, you've seen that after a period of increases, interest rates are on the downswing and projected to fall further. These market conditions impact all kinds of things, from mortgages to CDs to savings accounts. Because of this, beginning on 6/25/19, your Online Savings Account rate moved from 2.20% to 2.10% Annual Percentage Yield (APY) on all balance tiers. We wanted to make sure you were aware of this change, because to us, being straightforward is the right thing to do." + + +EDIT: Thanks for the replies so far. I know they can lower rates anytime they want but Im wondering.... if all banks start lowering their rates around the same time, is it an indicator of a nearing recessing or bad things to come in the stock market/finance sector. +Does anyone know how to track a large number of securities or options? The max message size you can send to the streaming server is 65535, and according to this API PDF I found, there can only be one request at a time. + +This has been my experience as well, because after I try to track more securities after my initial request, I don't get any data from the original ones I was tracking. + +2 more questions if anyone has answers: +1) Does anyone know of an active forum to discuss the TDA API? I saw there was one that used to exist but they closed it down. +2) Does anyone have the regular (non-streaming) History API working if you enter the dates in instead of a period and period type? +I realised that I want to know the exact market movement and moment when my trade is triggered in real-time. Partly to get granular data to improve my bot and partly because it gives me peace of mine when I'm not in front of the computer. + +Article and guide: [https://www.cryptomaton.org/2021/03/16/get-push-notifications-every-time-your-crypto-bot-places-a-trade/](https://www.cryptomaton.org/2021/03/16/get-push-notifications-every-time-your-crypto-bot-places-a-trade/) + +GitHub Repo: [https://github.com/CyberPunkMetalHead/Bitcoin-Surge-Trading-Alpha/tree/push-notifications-trade](https://github.com/CyberPunkMetalHead/Bitcoin-Surge-Trading-Alpha/tree/push-notifications-trade) +Robinhood fucked me on GME and i moved all of my funds to Webull but im not liking the webull mobile app as much as Robinhood. (TD Ameritrade also stopped buys on GME but i didnt have an option to move my self directed HSA account out of TD) + +I like the simple uppies and downies graphs designed for retards better. + +I also like how RH shows the break evens on the options chains is it has kept me from making more than a few bad trades. + +I wasnt trading as successfully on webull because i found it harder to track my trades and watchlist and i wasnt as confident in finding the best options to buy. + +I dont like how RH market orders seem to steal an extra penny off the bid but limit orders fixes that. + +I want Vlad to suck my nuts but the platform just works better for me and they offered me $100 to transfer funds back into RH. + +I couldnt turn down taking $100 out of Vlads pocket so i transferred funds back planning on moving them out after the bonus cleared, but i like the app better and started making trades on RH again + +Conflicted and realizing this post will bring hate from GME apes but I'm curious what other people think. +Robinhood fucked me on GME and i moved all of my funds to Webull but im not liking the webull mobile app as much as Robinhood. (TD Ameritrade also stopped buys on GME but i didnt have an option to move my self directed HSA account out of TD) + +I like the simple uppies and downies graphs designed for retards better. + +I also like how RH shows the break evens on the options chains is it has kept me from making more than a few bad trades. + +I wasnt trading as successfully on webull because i found it harder to track my trades and watchlist and i wasnt as confident in finding the best options to buy. + +I dont like how RH market orders seem to steal an extra penny off the bid but limit orders fixes that. + +I want Vlad to suck my nuts but the platform just works better for me and they offered me $100 to transfer funds back into RH. + +I couldnt turn down taking $100 out of Vlads pocket so i transferred funds back planning on moving them out after the bonus cleared, but i like the app better and started making trades on RH again + +Conflicted and realizing this post will bring hate from GME apes but I'm curious what other people think. +I've been working for 16 years. I have never made more than 11 bucks an hour. I have never received unemployment before, despite definitely needing it at one point in my life and being fully deserving- but that's neither here nor there. + +Before this pandemic, my weekly checks were 350 dollars. My monthly bills were 920, not counting food or gas or golly gee just the occasional once or twice a month eating out. You guys can do the math there. + +Never take vacations. Literally ever. No time or money for them. + +Now I'm getting almost 1000 bucks a week... to just sit on my ass. For the first time in 16 years. + +"Problem" is, my boss wants to open back up next week... and I'm sitting here really wanting to continue ACTUALLY BEING ABLE TO SAVE MONEY to pay off my crippling school debts. + +Am I wrong for trying to be a bit of a weasel, here? Anyone else in a similar boat...? + +Thanks for your time. + +To the rest of you that have nothing better to do than downvote this thread and my resulting comments.... Uh, well, I guess I hope I helped you feel better about how superior you are to people like me. +Closing > 43.000 in September. Is the model that good? Or is it selffulfilling prophecy with people putting a floor of buyers under the base case, following the stock-to-floor-model 🤔🤔🤔. Anyway impressive, like clockwork…. +Edit: Wow! This blew up! Thanks for all the contributions! + +Edit 2: good lord 500 comments. Never posting something like this again 😂 too much to read /s! Great engagement guys! + +I’ve been contemplating for a bit the notion of HODLing and I’ve wondered myself what I would’ve done with Bitcoin if I bought 100 at $1. Would I have sold once it hit $10? Likely. $100? Most definitely. $1,000? Yeah, there’s no way I would’ve held past that. + +Hindsight is always 20/20 and we don’t know the future. Some are calling for $1,000,000 per BTC, others just waiting for 100K EOY. + +Because there’s not really an answer to how valuable all of these assets are (it’s all speculative), where do you see yourself exiting the market? It’s important to set goals and timelines for yourself because if you don’t you may find that you’ll never sell your assets and assets are not only meant to increase holder value, but also to be sold and used for… well you. + +Personally, my main investment wallet I plan on HODLing until I have roughly $200K to finish paying off home. That’s my main goal. I also have smaller wallets that are holding BTC until my children (3 and 1) are ready for college. Not a whole lot, but a good sum of money. I don’t know where we’ll be in 18 years, but if BTC continues on its path, my kids gonna have a nice time at college 😂 + +What are your plans and timelines? +i did it, after months of contemplating bitcoin is now my savings account, i pulled everything i had from my bank and out it into bitcoin, i think itll have a better “interest” return sitting there instead. BTC forever <3 + +Edit: okay for you nim rods that got their underwear up their ass. im 21, im very smart and responsible for my age, yes its a risk, but you dont get anywhere in life without taking risks. and NO i didnt throw every single penny i have into BTC, yes i have money on the side still. + +Thank you to the people who have been nice and supportive +I have been going through a few posts on this sub where some people state that SIPs aren't all that great, but I don't find any reasons backing that claim up. If you're one of these guys, what's the reason you don't like, or at least, don't consider SIPs to be a better solution than all the other choices? +I hope this is the correct place. I am planning to invest some money in real estate and I figured it would make sense to invest in under construction project and hopefully if price rises when it is fully constructed I can sell it off. + +I looked for a ready reckoner guide on the sub and did not find any, any tips and suggestion welcome. + +I am mostly looking for what would be red/green flags in the project. I have only heard of things like OC,CC and have no real idea what they are. + +More Info : + +Planning to spend under 50 lakh, either on outskirts of Mumbai or Pune. Investment Horizon : Up to 10 years +I had a running SIP on Coin for Motilal Oswal S&P 500 Index Fund. I was asssuming that due to the new restrictions on lumpsum investments, this SIP would get converted to an AMC SIP by Zerodha and that I will be able to continue investing in the fund. + +But an investment for this month has not been made by Coin, and when I open the fund page, I see no option to buy units (lumpsum or SIP). Is the fund as good as dead now? Should I find another good foreign index fund to move my SIP to? +I usually lurk but I learned a very important lesson in life to give a heads up to others. If you love anyone in the world, please take a few minutes and get a will done. You have no idea the trouble you are saving your remaining loved ones. + +My grandfather, 92 at the time of passing, went into quick decline and died in less than a 2-week span. He left a bank account with 16k and NO WILL filed or written in his home. This situation has torn our family apart. + +Since he died without a will we had no access to his funds to pay for the remaining costs. We were left paying for the funeral, casket, burial service, religious figure to be present, lunch for guests. Other small costs like removing his furniture from his apartment we're required. We also all had to get together to pay the remaining two months of his car lease AND 10 months of his rent. + +This situation gets really heated when 3 remaining family members have to negotiate and fight to split major costs. + +So if you love ANYONE please take the time to go to a bank and get the will notarized, a lawyer, or do it in an online service. you have no idea the stress, tears, and potential bond of your family your saving. +What’s being debated is really a deflation-driven re-denomination, but there is lots of precedence for inflation-driven re-denominations: + +- New Franc (France), +- New Peso (Mexico), +- New Shekel (Israel), +- New Lira (Turkey), +- New Taiwan Dollar, +- Brazil’s many interesting new-denominations, +- probably many more I’m unfamiliar with. + +In a world where satoshis / sats are a useful pricing denomination, it would be clear from context whether denomination is “sats” (new) or “Bitcoin” (old) since there’s eight orders of magnitude difference. + +During times of transition (now) there is confusion, but trying to introduce a new named “currency” (since it has a symbol) will only increase that confusion. + +Also, I think it’s unclear whether the future “new Bitcoin” denomination should be sats vs bits/μBTC vs mBTC, and if either of the latter are the case, the sats denomination is all the more confusing. + +Another analogy would be stock splits. When a company does a e.g. 7:1 stock split, it doesn’t get a new symbol. + +My bias is that Bitcoin should be simple for new users and general public, and a new symbol for “sats” feels like a re-branding that dilutes mindshare and increases confusion. + +That’s why I think successful re-denominations and stock-splits are useful analogies. As are the perils of re-branding consumer products, with the opposite implication. + +Think the best counter-argument (to this unpopular opinion) is that the general public has lots of experience with fractional denominations, with the Latin-derived “cent” being the most common. But even here I think there is trouble because: + +1. While the general public is aware cents, in many countries there are fractional denominations which are only used by specialists and don’t have a symbol. For example in the US the lowest denomination established by law is the “mill” which is one-tenth of a cent and one-thousandth of a USD. Aren’t sats (especially now) more like these specialist denominations? + +2. In most countries, the general public does not use a symbol for “cent”, which is sometimes ¢, and instead just abbreviates the word (“25c.”) or uses a decimal in written contexts (“0.25”). + +For everyone passionate about adoption and use of sats, I think it makes more sense to just use “s.” (as an analogue to cents) when working with sats (adding BTC / ₿ if unclear whether you’re talking about Bitcoin), and as Bitcoin use transitions to a new base denomination (whether it is mBTC, bits, or sats), that can become “new Bitcoin” (consensus-driven re-denomination). + +EDIT: typos +Around here, we often report to each other on our milestones, our gains, wins, and good fortune. I'm curious - what is the biggest financial mistake or loss that you have experienced on your path to FIRE? Hopefully, others can learn from it. I'll go first: + +* I didn't start contributing to any form of a retirement fund until I was about 27, despite having been able to for almost 5 years. +* I bought a lemon, it went caput, and I tacked its loan onto my next car, putting me about $22,000 into debt on a vehicle worth $14,000. +* I lost about $14,000 in trying to day trade +* I lost about $12,000 in crypto +&#x200B; + +TL;DR: The IRS rolled out a new W4 Estimator/Calculator for tax withholding to align it w/ the revised tax laws. You don't NEED to fill one out if you're satisfied w/ your withholding, but if you decide to change/update, it'll be on the new form. + +Most important: The aim is to withhold just enough to not owe when you file, but to get the smallest possible refund. + +[W4 Calculator](https://www.irs.gov/individuals/tax-withholding-estimator) + +[Frequently Asked Questions](https://www.irs.gov/newsroom/faqs-on-the-2020-form-w-4) + +&#x200B; + +Things I've learned over the last few years of paying attention to my tax withholding: + +1. A baby nets you $167 a month if you adjust properly ($2000 for the child, over 12 months). Even if the baby is born on the last day of the year, you get the tax credits for it. +2. If you change your 401K/IRA/HSA/FSA contributions, check your W4 to make sure you won't owe/over-withhold. I reduced my contributions just before the baby came just to be have a bit of extra cash flow (new dad, wanted to make sure I had diapers, co-pays, etc... covered). I didn't need to, but now my taxable income is higher and thus my tax liability. +3. Pay attention to other tax-exempt benefits, IFTHEY APPLY. I had $5K in Health/Vision/Dental insurance premiums (tax exempt) that I forgot to account for. There are sections of the calendar that allow for these entries. + +Edit 1: A lot of folks are misreading the taxes withheld TO DATE and taxes withheld from LAST PAYCHECK. + +If you enter decimals, it won't register. 10.00 will be calculated as 1000 and throw of your calculations. + +EDIT 2: In case you overlooked it, this is for 2020. This does not apply to your pending 2019 return. + +Just be thorough and read each question carefully. +This review is strictly a summary of my interpretation/smooth brained understanding of the 163 page Credit Suisse report, in particular, section 1A: https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf + +&nbsp; +&nbsp; + +A few things to start off with: according to the Credit Suisse Report, Archegos was margin called due to their LONG positions on swaps, not their shorts. Additionally, their main game was swaps. It’s all in the report. While the report largely debunks the idea that Archegos was margin called because of GME, it provides great insights into the relationship between the prime brokerage and its clients. More importantly, it provides insights into the contractual margin agreements between a prime brokerage and its clients. Through this report, we can gain insights into how other hedge funds are operated, and their portfolio requirements and relationship with their prime brokerage (for example, the SHFs that haven’t been liquidated yet). + +&nbsp; +&nbsp; + +The big takeaway that I got: Credit Suisse may have forced Archegos to short the subprime meme swaps to maintain portfolio requirements. In fact, if Archegos’ portfolio agreement is industry standard, it’s possible that every single hedge fund/family fund in operation may have taken short positions on these swaps to maintain portfolio requirements with their prime brokerage. Yup, you read that correctly. Voltron fund baby! + +&nbsp; +&nbsp; + +How did this happen? Archegos worked with CS for many years, and built up a good relationship with CS. As a result, their deals got sweeter and sweeter over the years. In 2017, Archegos entered into an agreement with CS: their portfolio (roughly 20% margin at this point) would never breach a 75% bias long or short (page 8). In ape speak: Credit Suisse would front 80 cents on the dollar for every position Archegos bought, but Archegos would promise to never have more than 75% of their portfolio be long or short. Over the next few years, Archegos would actually breach this limit: more than 75% of their portfolio was long, but CS would give them up to 5 months to get their portfolio back on track. + +&nbsp; +&nbsp; + +That’s right: their portfolio was 75% long positions in total return swaps. They did not carry a heavy short position on GME (intentionally). Well, in 2019, Archegos’s relationship got so sweet with CS, CS dropped their margin requirement to 7.5% on new positions. That is a roughly 13x leverage. That’s 92.5 cents on the dollar. Sweet. Of course, this presents massive risk, and Archegos starts getting regular calls from Marge. At some point, their position had dropped enough to be liquidated. We all know that. How does this deal with shorting GME? + +&nbsp; +&nbsp; + +Remember their original agreement? Their portfolio could not breach a 75% long position? Archegos was primarily in the business of long positions. However, they would breach that 75% long position at multiple points over their agreement period. Archegos had two options: reduce their long position (i.e. sell their longs), or increase their short position (i.e. short the market). If you look at page 10 of the report: +&nbsp; + +>Rather than call additional margin, as was its contractual right, CS attempted to re-balance Archegos’s portfolio by requiring that it add market shorts (for instance, index shorts referencing the S&P 500 or NASDAQ 100). +&nbsp; + +That’s right: when Archegos breached its margin limits or had overexposed long positions in 2020, CS forced Archegos to buy short swaps. + +&nbsp; +&nbsp; + +In 2020, in the height of the pandemic, when stimulus is making the S&P 500 roar, and people are all self-isolating, would you open a short swap position on a basket of S&P 500 funds? Fuck no. If I had to, I’d short the hell out of the pandemic plays: cruise ships, commercial real estate, and strip mall operators…like Gamestop and Movie Stonk… Now, CS does not say that Archegos opened short positions on GME, only that CS forced them to open short swaps on index shorts referencing… something. You know it, I know it, they probably shorted GME. + +&nbsp; +&nbsp; + + +Do you work? Do you have a friend that works? Have a 401k? Roth IRA? I bet at some point either you, or someone you know has opened up a long position on an S&P 500 index fund or a total market index fund. Why did they do it? Well, because someone smarter than them has put together an index fund that tracks the market, and they trust that the folks who put together the basket knew what they were doing. That the stocks are weighted correctly. That the index is well managed. That’s what ETF baskets are for. Someone smart puts together a basket, weighs it accordingly, and sells the basket on the market. Hell, a lot of retirement plans force you to put your money into an index or a fund. You don’t even have a choice. + +&nbsp; +&nbsp; + +Well, what if someone put together a basket of shortable pandemic plays like GME and movie stonk? Maybe another basket for cruise ships? What if your brokerage forced you to buy 25% of your portfolio in these swaps? Well, if you were primarily a long hedge fund, you’d just allocate 25% of your money to the short indexes without doing the due diligence, while focusing on your long positions. Just like regular folks just focus on their jobs and dump their money into their index funds without doing the due diligence. + +&nbsp; +&nbsp; + +Now imagine that Marge is calling because you breached your limit…you need to post collateral, or you need to short something, anything, to keep within your defined portfolio risk profile. If you’re a long positioned hedge fund, you probably don’t research short positions. You would probably just pick one of the basket of shorts labelled “pandemic plays” that was put together by SHF quants (i.e. Citadel), and continue along with your game. Every time Marge calls because your portfolio is imbalanced? No problem, just short a basket, and keep it at 25% or more of your portfolio. Until an idiosyncratic risk in your 25% short exposure fucks you over. + +&nbsp; +&nbsp; + +What am I trying to say? It’s possible that prime brokerages require hedge funds with margin to maintain a ratio of long/short positions to mitigate risk. If so, it’s possible every single hedge fund out there shorted GME in 2020 without knowing it, because their prime brokerage forced them to maintain a short position on a portfolio swap as a way to hedge their risk on their long positions. Imagine if your S&P500 index fund had an infinite loss potential stonk tucked into those 500 stocks that had the potential to liquidate your whole portfolio, and actually leave you in debt. Wow. Fuck. Now you know why they needed to contain the January sneeze. + +&nbsp; +&nbsp; + +Idiosyncratic risk to the moon. +Reviewing some trade plans I’m making for this week and next I’ve started to consider leaps & weeklys. Looking at CSCO the 1/15/21 $48c is only $320 each. In theory if I bought 30 of these and then sold weeklys that are slightly OTM I’d make around $3k a week. That’s $156k a year before taxes. Tell me what I’m missing please because I’m about to buy my way into retirement on a $9k investment. (Not yet but I’m really liking how life changing this could be.) +Hypothetical. +If you have a stock that's been fairly consistently trading within a range on, say a ~three week cycle. If you plan to sell an IC on it (far enough out for this to even be applicable), wouldn't it be better to sell a put spread when it's near the bottom, then sell a call spread in a week or so when it's moved up a bit and you'll get a better credit? Thereby completing the IC and increasing your overall credit. + +It makes sense to me, for what that's worth. If this is a thing, since I REALLY doubt I'm the first one to think of this, what ridiculous name is it called? "Delayed Gopher", "Timed Kumquat", etc.? +Is it beneficial to sell to open options on a Friday or before a long weekend to take advantage of the theta decay during holidays / weekends? + +Edit (from comments): + +[https://www.youtube.com/watch?v=0W4D39R9amc&t=9s](https://www.youtube.com/watch?v=0W4D39R9amc&t=9s) +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. +Edit: I posted this to make the data available to everyone and start discussions around the 13Fs. The reported numbers are a bit meh but I don't see this as being FUD. Despite some funds selling, price has been supported. SI% is still likely 200%+ but can't be seen in 13Fs. Shorts remain fukd. + +Edit2: Updated the figures to not use scientific notation for the numbers, now in millions of shares. + +Edit3: We now have data for Jane Street with massive increased put positions!! I also updated and improved clarity for all the figures. + +This post takes the most recent 13F filings that were finally submitted today and compares them with the previous reported positions. I mostly focus on looking at changes for funds with large short positions (predominantly puts) but also include data in the plots for the long whales. + +The new positions should be accurate up until March 31 2021 provided that the funds didn't fudge their filings expecting just a small 'cost of doing business' fine..[.](https://preview.redd.it/jbqrepkbwvz61.png?width=3364&format=png&auto=webp&s=16f28d7a1b11f318a520fb6221434451236ee9fa) + +I might have made some errors so let me know in the comments if I missed something. + +***Note: some funds have not yet filed their updated 13Fs***. I'll edit the post and figures once these filings become available. + +# Intro and what we're looking for 'aka' show me the PUTs + +Many DD posts have looked into different tricks to create naked shares using options. I previously wrote [a post describing the married put naked short selling trick](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) and [gathered as much data as I could to detect options fuckery in GME in 2021](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/). + +The biggest evidence for naked short selling fuckery to my mind is the massive increase in open put interest at the end of Jan that coincides with decreases in reported short interest (SI%), FTDs and GME share price. + +[SI&#37; and FTDs decreased at the end of Jan 2021 as a massive increase on open interest occurred for GME puts. This is suggestive of naked short selling options fuckery.](https://preview.redd.it/jy1dfqamkpz61.png?width=4500&format=png&auto=webp&s=7dc9264c12190d89d469e4a237ff37376405e3d7) + +At the end of march open interest for GME puts was 1.29 Million contracts. This equals the equivalent of 129 Million shares. I checked this in 2 separate sources just to be sure. We should see close to 129 million shares in puts listed in the new 13Fs. + +*So who dun goofed and bought all those puts??* + +# Major holdings for large short/long funds - Mar 31 2021 + +Here I've selected any firm that has at least 500K shares or 300K worth of shares in put/call options in the new filings. Any fund that has a large short position in PUTs is labelled as potentially short although more digging would be required to confirm for some of the funds. + +&#x200B; + +[Positions for Funds with large holdings in puts, calls or shares.](https://preview.redd.it/e5dkghleqvz61.png?width=5322&format=png&auto=webp&s=d420bb529bdbf39fcd7091c1270acf00a827d471) + +A number of the large long position holders have sold their stake in GME over recent months. Blackrock and Vanguard still hold significant positions. On the short side we have a number of the usual suspects plus some new funds with large put positions. + +# Total shares, put and call positions in recent 13F filings + +This is a simple sum of all the shares reported by funds in the last two 13F filings separated out into shares, put or call positions. + +[Total summed positions across all funds in recent 13F filings.](https://preview.redd.it/vxo08agjqvz61.png?width=2164&format=png&auto=webp&s=4daee5a1ba94eb1e1221e5eeb77358e437da5aac) + +We only see 25 million shares in puts reported fo far in the 13F filings. ***Where are the other 100 Million that we know were held due to the open interest on March 31 2021??!?*** + +# Large changes in positions from Dec 31 2020 to March 31 2021 + +This first plot show the positions for any fund with at least 500k shares or more than 300k shares in puts or calls at either time point. + +[13F large fund positions for GME for the last 2 quarters.](https://preview.redd.it/jbqrepkbwvz61.png?width=3364&format=png&auto=webp&s=16f28d7a1b11f318a520fb6221434451236ee9fa) + +We can see that some of the funds with medium to large holdings in GME shares have sold their positions in the last months. The big positions of Blackrock, Vanguard and RC Ventures remain the same. Changes and put/call positions can be seen easily from the lower 2 plots. + +Note that Fidelity (*Fmr llc*) probably didn't sell their position. u/Rehypothecator pointed out that Fidelity likely still has a vast number of shares but moved them to their mutual funds meaning they are no longer reported in the 13Fs. + +The next figure shows all fund positions with a change of at least +/- 300k shares in either shares, puts or calls between time points. + +[Position changes for all funds with a change of at least 300k shares in either of the position types.](https://preview.redd.it/1s0ps7utqvz61.png?width=4680&format=png&auto=webp&s=8d39021e5a0ecf950a6efac6078d40eeaeab664e) + +# Observations from different funds + +## Short funds + +***Citadel advisors llc*** Increased their put position by more than 1 million shares this quarter. Less than we might have thought but as you'll see down below they seem to be coordinating with other funds (e.g. *Imc-chicago*). Citadel report selling off all their shares and increasing their put and call holdings. + +***Susquehanna international group llp*** similar situation to Citadel with more than 1 million new shares in puts, some additional call options and all of the shares they previously owned now sold. + +***Melvin capital management lp*** were the biggest GME losers in Jan. They reported 6 million shares in puts at the end of Dec 2020 suggesting a massive naked short position. Since then very little has been revealed about Melvin. + +Edit: Melvin requested special permission to not disclose some of their positions (from a useful comment below): + +>THIS FILING LISTS SECURITIES HOLDINGS REPORTED ON THE FORM 13F FILED ON FEBRUARY 16, 2021, PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FOR WHICH CERTAIN HOLDINGS WERE VOLUNTARILY WITHDRAWN FROM THE CONFIDENTIAL TREATMENT REQUEST. +> +>[https://sec.report/Document/0000905718-21-000618/](https://sec.report/Document/0000905718-21-000618/) +> +>Published: 2021-04-28 17:15:15 + +***Maplelane capital llc*** was the second biggest loser to GME in January. They had a massive short position of 2 million shares held in puts at the end of 2020. In their new 13F they report that they sold all of their puts and now have zero exposure to GME. + +***Imc-chicago llc*** has a newly created options position with a massive 2 million shares in puts, 1 million shares in calls and zero actual GME shares. [***The designated market maker business of Imc-chicago llc is owned by Citadel after it was purchased at the end of 2020***](https://www.citadelsecurities.com/news/citadel-securities-expands-leading-dmm-business/). The change in position for this fund suggests that Citadel is using it as part of the naked shorting scam to hide FTDs and suppress price. + +***Wolverine trading llc*** has a similar short position as before at the end of 2020 with almost 2 million shares in puts. Given the number of expiry dates with huge numbers of put open interest expiry it is very likely that *Wolverine trading llc* opened up new contracts to maintain their short position. The below quote if from Lucy Komisar: + +>In 2004, when new Reg SHO rules were being considered, *Wolverine trading llc* argued that market makers should not be required to cover shorts. It was adopted and known, after its author and prime proponent, as “The Madoff Exception.” +> +>Later legal cases revealed that *Goldman Sachs* wrote to *Wolverine trading llc* saying, "\[W\]e will let you fail." We will let you fail violates SEC rules; it’s illegal market manipulation. The email was obtained in discovery in 2011 in the Overstock legal case against conspiring broker-dealers. With the fraud impossible to refute, Goldman settled with Overstock for $20 million. + +***Goldman sachs group inc*** have been involved in multiple naked short selling law suits. Their new 13F filing shows that they sold most of their GME puts and shares but acquired about 30k more shares covered by call contracts. + +***Jane street group llc*** reports a massive 2.5 million shares in puts increase and 2 million shares in calls increase. Jane street reports that they hold more puts than Citadel. + +***Ubs group ag*** have cut back from a position of 4 million shares in puts at the end of 2020 down to about 1 million at the end of March 2021. Their position was definitely suspicious before but it seems like they are reducing their exposure to GME quite significantly. + +***Citigroup inc*** had a large position in GME calls/puts at the end of 2020 but appears to have reduced their GME exposure since. + +***TACONIC CAPITAL ADVISORS LP*** now owns half a million shares in puts without holding any actual shares. [Senior management at the company have a number of strong ties with Citadel employees](https://relationshipscience.com/person/clay-calhoon-3905596). + +***PRELUDE CAPITAL MANAGEMENT, LLC*** sold all of their 10k GME shares but is now short and owns 1.3 million shares in puts. + +***NOMURA HOLDINGS INC***, ***BLUEFIN CAPITAL MANAGEMENT, LLC*** and ***CAPTION MANAGEMENT, LLC*** have each newly acquired approx. 200k shares in puts and 200k shares in calls. None of these funds have any meaningful amount of real shares. Possible married-put/reverse conversions here. + +***GROUP ONE TRADING, L.P.*** reduced their put position by approx. 1 million shares but remain short with 2.5 million shares in puts. + +***SESSA CAPITAL IM, L.P.*** has opened a new 1.8 million share put position. The have no shares or call options. + +## Long whales + +Here I'll just list the funds with with 200k shares or more. DFV whale kinda size or bigger. + +[Shares held and change in position for all funds with at least 300k in GME shares on March 31st 2021.](https://preview.redd.it/cvg4d183zuz61.png?width=784&format=png&auto=webp&s=b8dadb242fc92b31c897e59666c7829827c267fb) + +# Conclusions + +Looking through the 13Fs has been kinda odd. There were 130 Million shares in puts open on March 31st but only 30 Million reported in the 13Fs. Who else could have that many contracts if not the large funds reporting to the SEC? + +Aside from that we did see a number of smaller long funds sell their GME stake in early 2021 but some others jumped in. Blockrock maintained their position. Vanguard added another 400k shares. u/Rehypothecator pointed out that Fidelity likely still has a vast number of shares but moved them to their [mutual funds meaning they are no longer reported in the 13Fs](https://i.imgur.com/3MaFVXC.jpg). + +The number of short funds appears to have increased with some more players entering with big put positions. Melvin requested special confidential treatment for some of their positions to the SEC which could explain why we don't see anything for them. Jane Street bought more than 2.5 million more shares in puts. Prelude and Sessa have bought in with more than 1 million shares in puts a piece. Citadel and Susquehanna have very similar positions to before. However, the Citadel owned *Imc-chicago llc* has a newly created options position with a massive 2 million shares in puts and nothing else. + +Definitely some interesting details in these new 13Fs but no obvious smoking gun yet. ***What happened to those extra 100 Million shares held in puts??*** + +Shorts didn't cover in Jan. Apes own the float. +Struggling tech company Yahoo! is undergoing major changes — the biggest of which is a name change to Altaba Inc. The once thriving tech name has seen better days in the past decade, but has failed to successfully transition to modern day. The company will be sold to Verizon Communications Inc. at a whopping $4.8 billion USD, although questions have arose regarding Yahoo!’s recent hacks. Alongside the name change and the sale, current CEO Marissa Mayer and six other directors plan to leave the board of the investment company. +Here is the investor quarterly report for 201Q2. They beat expectations. + +https://tesla-cdn.thron.com/delivery/public/document/tesla/915a0dab-11c4-4d81-9526-52995afb67ee/S1dbei4/WEB/TSLA-Q2-2021-Update + +If you want to continue the discussion in this thread, I suggest sorting by new. + +Posted below on Saturday. + +This sub has been very quiet about discussing Tesla lately it seems. Just getting a status update on what everyone thinks may happen this quarter and in the future. + +Just to throw some possibilities around, here are some discussion points. + +What do you expect this quarter? Will it be enough to push Tesla back above $700? + +Will having Bitcoin on the balance sheet have an effect on their quarter? It's dropped some but not that much. It will be slightly negative this quarter, but could bounce back again if Bitcoin runs again. + +How do you think the stock will react if Tesla rolls out Full self driving that can drive people to work? The new subscription model is out, so FSDAAS is now an option, how does that effect their revenue next quarter and long term? How soon do you think FSD rolls out to wide release? It's already looking very impressive, but still needs some fine tuning. Will it be v10 or v11 that is capable? Is the processor enough to handle level 4 driving? What will be needed for level 5 FSD? + +How soon will the Austin and Berlin plants open up to production? Are they duplicating problem solving of the 4680 Model Y line between Texas and Germany? Who is farther along? Is Berlin almost ready to go and just delayed by permit processes? Will the new factories be covered in solar panels? + +What is the going forward plans for letting other auto manufacturers use the Tesla charging network? Elon just mentioned Tesla will allow other EV's to use their network. Will all new chargers be pass through with 300kwh charging? That will be needed for the cybertruck. How big will their charging network need to grow, and how will that effect their revenue? Will they charge more for other manufacturers? How do they set that up? I assume it will be a Tesla adapter you buy that connects to your phone app. + +Will Tesla start manufacturing the semi soon? Do they have enough 4680 cells? Which location will be producing 4680 cells next, and is the final process completed? + +What is the status on the updated cybertruck, and when will it be updated to show any other features? The 8 ton press has not arrived in Texas yet for the cybertruck castings. How far along are the designs for production? + +What grid scale battery projects are they working on now? + +What is delaying the S right now? It's hit pause on deliveries at the moment. Was the plaid fire a cause for concern on the battery? Will the steering yoke affect sales that much? + +Any further updates on the Model 2 and what's the plan for release on a $25k Tesla? How soon will it be debuted and when will it be released? + +What's the plans for AI day? Elon said this month, but will we get an update? How far along is DoJo? Will it speed up training for machine learning? Will it allow for processing far bigger datasets for self-driving? Where is it going to be located? Will Tesla release FSD before DoJo is online? + +How is the chip shortage affecting production? It seems like most Tesla vehicles are sold out through the entire quarter already at all sites. + +What is the options market like for Tesla right now? + +What else do you expect from Tesla and where do you see them later this decade? Can other manufacturers keep up with their battery innovation? The bolt is being recalled for major issues, the Taycan was recalled for firmware updates, Volkswagen is having major software issues, Rivian and Lucid are delayed on deliveries. Will competitors overtake Tesla in EV production this decade? + +Made a couple edits to the post adding a couple other points and fixed grammar and spelling. + +For a base starting point for Monday, here was the electrek article covering the production numbers and previous quarter numbers comparison. + +https://electrek-co.cdn.ampproject.org/c/s/electrek.co/2021/07/26/tesla-tsla-q2-2021-earnings-preview-expectations/amp/ +[https://techcrunch.com/2019/10/21/report-softbank-is-taking-control-of-wework-at-an-8b-valuation/](https://techcrunch.com/2019/10/21/report-softbank-is-taking-control-of-wework-at-an-8b-valuation/) +Pretend for a minute that the confusion is *INTENTIONAL*. + +* German brokers were told by the DTCC that it was a regular split. +* Fidelity (one of the financial titans) believes it was a regular split. +* Computershare (!) thought it was a regular split. +* More/other brokers (TDA?) believe it's a regular split. + +It seems when prompted with "*what should we tell the brokers*" that *SOMEONE* decided to try and "pass this off as a regular split, maybe nobody will notice." + +That seems really ham-handed and stupid, frankly. It makes you think that, before $GME, they might have been able to sweep this kind of thing under the rug. + +Apes calling in, showing the legal doc, is *ABSOLUTELY FUCKING UP THIS APPROACH*. They aren't going to get away with it -- especially if someone brings a lawsuit (ping u/RealPulte). + +I have more thoughts on this, but wanted to say: + +#KEEP FUCKING IT UP +Guys, all I find online is how day trading is a scam and virtually everyone who tries loses money. I see videos that the gurus are fake and similar topics on forums. + +If you’ve been consistently profitable trading full time for at least two years could you please comment below? I’m trying to get into this but finding information that doesn’t support day trading is really starting to freak me out. +First legit reddit post so bear with me. + +Do you guys do blow/adderall/PEDs as part of your portfolio management? + +I’m around it a lot and I know I have an addictive personality at least with alcohol and blow so I’m honestly wondering how you do it. Do you snort in the morning and then cut it off at a certain point of the day? I know it’s not at all necessary for this sub but I’m looking for guidance as a young professional who is a rookie at the master’s table. Thanks guys +First of all, in this space it's very common to see 20% variation in a couple of weeks, and we keep telling you that it will happen sooner or later. Now what I spy with my little eye this morning? Suicide hotline posts, panic posts, etc. And for what? A 8% dip... + +Second thing: we regularly see posts saying to not get a loan to buy crypto??? How can you be so stupid to get a loan to buy something as risky as crypto? Every 2 posts in this sub is telling you not to invest more than you're willing to lose, how did you miss this information? + +Sorry for this post, but seeing all of these posts make me lose faith in humanity. +Im 26. An electrician. And im on track to earn about 44k this year. Much more then previous years. And I could probably manahe another 15k a year later in my career if I manage to build my position in the company as years go on.. aside from finding finding a better company to work for or a change of careers. which just may be the case. How can I hope to earn more money? + +I recently got into personal finance and I now see how screwed I am. My 401k brokerage says I'm 11 years behind schedule to meet my retirement goals of $1m at age 65. Which wasn't an insane goal from my understanding. + +I save about $900 a month spread across webull. 401k. Cryptocurrency. And a mutual fund. + +Is a career switch something I can pull off at this age without missing out on saving? + +I have no schooling. :( + +Something you never really think about as a young guy. Tempted by no student loans and a decent starting wage I got stuck breaking my back and 5 years in I'm near my possible max wage. Its kind of disheartening. +So, I just saw this... Any thoughts from the Apes? I have a few shares I bought a few weeks ago (OF COURSE at near peak), and put in an order for 14 calls for Fri. Not a yolo, just putting back some of my (VERY SMALL) INO winnings into the casino... + +[https://www.fool.com/investing/2021/06/29/this-hot-reddit-stock-just-gave-investors-an-omino/](https://www.fool.com/investing/2021/06/29/this-hot-reddit-stock-just-gave-investors-an-omino/) + +My partner is about to graduate from uni with Bachelor of Commerce (Finance) degree. She applied to a huge number of graduate roles and was offered a role in Big 4 company which is finance related (eg not Accounting, Tax, Audit etc). + +The salary is VERY low and she was told that there would be overtime work involved on occasion 8am to 8pm when there is a reject deadline. There supposed to be a lot of exposure to different clients and career progression here. This role is relevant to her degree as well. + +She then was offered a role at ATO with much higher salary, in the Tax stream. Apart from higher salary there is work life balance, but it seems there may be limited career opportunities if you are not tax lawyer or accountant type. + +Any advice on salary progression in Big 4? Is it true that you can “start here, go anywhere” and the low starting salary worth it? + +Anyone can tell about career growth in ATO, in a few years what are your options? What are tour options if you are not a tax lawyer or accountant? Can you move into private sector? + +Thanks in advance for your help! +[JO thanking Crypto Twitter](https://ibb.co/NVx0L8Y) + +On May 14th Night, a CT (Crypto Twitter Community) profile shared a video of a 6 Year old boy named JO who successfully fought Leukemia and recovered. + +It came to light that the father of the now recovered patient struggled to pay the bills of his son's treatment. + +What started as a repost on Twitter, turned out to be a movement in a matter of hours. In 4 Hours, the community set up a Ethereum Wallet for Jo's Father and donated over $822,000. + +Crypto Cobain who is known for his YouTube live stream channel "UpOnly" was the one who went live and called upon other Crypto Community members to donate. From FTX Exchange Founder to Big profiles among CT, everyone raised about a Millon Dollars. + +Together, we are stronger. +Edit: So to give you all more details, I was working as an optician for this particular Dr's. Optometry practice. She did not have me sign any paperwork when I started. I recently quit to go to a better job opportunity for myself. Unfortunately, I didn't give her a two week notice because my new boss wanted me to start asap. I felt bad for the circumstances, but I did what I felt was best for me. I don't owe her any property back or anything like that. I just want to be able to go in on a Monday when I have the day off to get my check, but she is making it difficult for me by saying I can only go get it when she is there and when I sign a paper in her presence only. Financially, I cannot be leaving work early to go do this. So it's just frustrating that she can't just compromise a bit with me. It feels like she is just upset still. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Thank you. This community has given me hope. Hope for a better world. For so long now I have been so disillusioned with this world, with how society works, how we operate as a species. I've felt completely alone. My honest hope when first investing into GME back in January was just to make enough to have a deposit for a flat or something, get my foot on the ladder and start living. But now, I see a group of people (apes) who are fighting alongside me. For a better world. One where we, as humans, can all live alongside one another without disdain. We aren't there yet, but what we are doing as a community is taking a long stride in the right direction. I am so proud to be a part of this community, so thank you, and I'll see you on the moon, in a better world. 🚀 +Any experience on fire claims here in the UK, how losses are quantified, and how much of this comment rings true on this side of the pond would be appreciated! + +https://www.reddit.com/r/personalfinance/comments/43iyip/our_family_of_5_lost_everything_in_a_fire/cziljy3?utm_medium=android_app&utm_source=share&context=3 + + +Some salary news has leaked/come out recently and it's really destroyed my motivation. I need to calm myself down before I say anything I regret to management/directors. + +I started working in the business in June 2016. + +Feb 2019 someone was employed to be on the same level as me within the business. At the time I was on £33k. It's come out he started on £35k. + +6 months later, his pay was bumped up to £37k and I was offered a 'generous' pay rise up to £35k. At the time I assumed the newer guy was on the same as me and this was to put me and him as equals. Turns out, they essentially defaulted that he will earn £2k a year more than me. + +That's despite the fact we're both employed to do the same role, despite the fact I've been with the business since 2016, never had a sick day, never caused any drama, never begged for anything... + +I feel so worthless right now. So taken advantage of. It's the principle more than anything, I realise it's only £100 or so extra take home a month. but it's also more in pension and more off my student loans (which, by the way - he doesn't have). + +I think my direct manager has caught wind I'm unhappy and has gone behind my back to the MD to request a pay rise for me. However no conversation has been had with me about it. For all I know the director thinks he can get away with bumping me up to £36k still less than my equal colleague. + +Again, utter disrepect that no one will even have a conversation with me? They knowingly under pay me then don't give me chance to say my piece! At this point, even if they put me up to £37k it will be less than my colleague as he's had 1% yearly 'inflation' increase (which is a joke in itself obviously). + +Am I being unreasonable to be frustrated and let down by this whole situation? Should I just accept I'm worth less than my colleague? + + +Edit : + +I called my manager and we had a conversation on the phone about it. He admitted that they fucked up. Said they put me up to his starting salary or close but never took into consideration that he had incremental increases. He's essentially said he's put forward to the director that he thinks me and colleague should be on the same but has no answer on making up for their 'mistake' as they can't then increase my pay to make up for it as others will then want more... Which I understand. So assuming backpay is a no go, any suggestions on how they could make it up somehow? Maybe deposit a chunk into my pension without anyone knowing? We don't really get any perks as a business other than profit share but that's controlled by the group who owns us. + + +Edit 2 : + +Further conversations today apparently there are plans behind the scenes for a bit of a restructure. This will end up with a promotion for me and the same colleague (to do what we currently do but in a more official capacity). With that will come a new pay package to reflect it. I guess this will provide some kind of department structure but it's not going to give me back the 2 years I just had... I guess it could be a win, will find out more in September when the MD rolls out his plans. +**TL;DR: The US federal government has a massive incentive to underreport inflation. A 1% underreporting of inflation saves the US gov't between $500 billion and $1 trillion per year. It's likely that such a huge moral hazard has led the government to systematically underreport inflation over the past few decades.** + +For background, the Bureau of Labor Statistics (BLS) calculates inflation. It releases a measure known as the Consumer Price Index, or CPI. The formula used to calculate CPI is rather complex and opaque, and has been changed numerous times over the years. The effect of these changes has been to lower the average reported inflation number. [\[1\]](https://www.investopedia.com/articles/07/consumerpriceindex.asp) + +Many government revenues and expenditures are inflation-linked, either directly or indirectly. + +**Directly linked:** + +1. Social security payments + +Social security payments are linked to a measure known as CPI-W (very similar to the CPI) [\[2\]](https://www.ssa.gov/oact/COLA/colasummary.html). Every year, the amount a social security recipient receives goes up in proportion to the amount of inflation. It has been estimated that the social security program has total unfunded liabilities worth \~**$37 trillion**. Every 1% of underreported inflation decreases the real value of these unfunded liabilities by **$370 billion.** + +2) Tax brackets + +Tax brackets are adjusted upwards to account for inflation [\[3\]](https://www.investopedia.com/ask/answers/111715/are-tax-brackets-adjusted-inflation.asp). This means, when the government underreports inflation, more people move up into higher tax brackets. It's hard to calculate the exact effect of this on government revenues. + +3) Treasury Inflation-Protected Securities + +These are treasuries that increase the amount they pay back, in both interest and principle, according to inflation. They are linked to the CPI. These securities (known as TIPS) compromise \~8% of the US federal debt [\[4\]](https://www.treasury.gov/resource-center/fin-mkts/Pages/tips.aspx). This is **\~$2.24 trillion**. Every 1% of underreported inflation decrease the real value of the principle of this debt by **$22 billion.** There are also increases to the interest payments on this debt. + +**Indirectly linked:** + +1. Debt interest payments + +Investors will demand higher returns from Treasuries in periods where they expect higher inflation. The US government has **\~$26 trillion** in Treasury debt. The yearly cost of servicing this debt is \~1-2% of that, roughly **$378 billion** in 2020. If investors were to expect higher inflation, this yearly cost would go up by \~**$260 billion** for every 1% increase in expected inflation. + +There are likely many other government programs that benefit from underreporting inflation, these are just the main ones I could find. When we add up all these policies, we see that underreporting inflation by just 1% can save the government **between $500 billion and $1 trillion a year**. This is 30% of the entire tax revenue of the US government. Underreporting inflation by 3-4% a year would save the government more money than it brings in from taxes every year. + +**Evidence of underreporting** + +There has probably never been a time in history when such a massive moral hazard existed and was not exploited. Is there any evidence that the US government has in fact been understating inflation? + +1. Changes to the CPI formula + +"Originally, the CPI was determined by comparing the price of a fixed basket of goods and services spanning two different periods. In this case, the CPI was a cost of goods index (COGI). However, over time, the U.S. Congress embraced the view that the CPI should reflect changes in the cost to maintain a constant standard of living.1 Consequently, the CPI has evolved into a cost of living index (COLI). + +Over the years, the methodology used to calculate the CPI has undergone numerous revisions. According to the BLS, the changes removed biases that caused the CPI to overstate the inflation rate. The new methodology takes into account changes in the quality of goods and substitution. Substitution, the change in purchases by consumers in response to price changes, changes the relative weighting of the goods in the basket. The overall result tends to be a lower CPI. However, critics view the methodological changes and the switch from a COGI to a COLI as a purposeful manipulation that allows the U.S. government to report a lower CPI." [\[5\]](https://www.investopedia.com/articles/07/consumerpriceindex.asp) + +Essentially, the methodology used to calculate the CPI was changed to purposefully reduce the amount of inflation that is reported. When a good is considered to be of "increased quality," its price increase is lowered to reflect this. When the price of one good goes up, its relative weighting in the CPI is reduced and another, lower-priced good is "substituted" for it. + +2) Rent + +In 2005, the average US rent was $755. In 2019, it was $1,164 [\[6\]](https://www.deptofnumbers.com/rent/us/). This is an increase of **54%**, or an average yearly increase of 3.1%. During the same time, the CPI has gone from 191.6 to 252.4 [\[7\]](https://fred.stlouisfed.org/series/CPIAUCSL), which is only a **31%** increase, or an average yearly increase of 1.9%. If we use rent as the true measure of inflation, CPI has underreported inflation by **1.1%** per year. Keep in mind that, during the period just mentioned, the US experienced the most epic collapse in housing prices it had ever seen, during the 2007-2008 crisis. The housing bubble was already far along by 2005 [\[8\]](https://fred.stlouisfed.org/series/CSUSHPISA). Nonetheless, rent increases managed to outstrip the CPI. + +What do you think? Is the US government massively underreporting inflation? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Hello again folks. I’m working on another DD to add to my GME EndGame series ([part 1](https://www.reddit.com/r/wallstreetbets/comments/kwb827/gme_endgame_dtc_infinity/), [part 2](https://www.reddit.com/r/wallstreetbets/comments/l0czgs/gme_endgame_part_2_cohen_market_cap_potential/)), but I wanted to take an aside to share my speculations on the obscene amount of manipulation happening this week by the shorts, and try to give all of you advice on how you can be more successful on GME. + +**TL:DR;** GME has tremendous potential and the only reason it’s not trading at $80+ is because of active shorting. Be aware about how your positions may be helping the shorts without you knowing. + +# How shorts manipulated GME this week + +I’m going to preface this by saying this is speculation based on events transpired and what I know about short tactics. Consider this a narrative of how a shorter could have orchestrated all of this. I will share data where I have it. For an understanding of some of those tactics, read this [great post](https://www.reddit.com/r/wallstreetbets/comments/l11ww7/legacy_of_wsb_jim_cramers_crash_course_in_gme/?utm_source=share&utm_medium=web2x&context=3) by u/mirkan__2. + +Imagine you’re one of the big shorts on GME. You’ve been shorting this thing since 2017, 2018, 2019 and watched its stock price drop from 30 -> 15 -> 4 to a low of $3 in 2020. If you’re Bank of America, your analysts are telling you (and others) this [thing is going to $1](https://www.benzinga.com/analyst-ratings/analyst-color/20/04/15848735/gamestops-short-term-sales-boost-to-power-down-soon-analyst-says). + +But then things get out of hand, very quickly, with GME climbing from $3 -> $20 in 9 months and then in **ONE WEEK** doubling to $40. You were not prepared for this. It’s a disaster. + +What do you do? You leverage every tactic you can to drive the price down. + +**1) Attack retail investing capabilities:** + +* Bank of America owns Merrill Lynch. Merrill Lynch has a retail brokerage. Since you’re short GME, you have your risk department over at Merrill Edge **increase the margin requirements on GME** strongly and suddenly on all retail buyers. +* **This causes a chain reaction**. Brokerages generally mimic the margin changes on other brokerages, because they don’t want to be the ones where all the “risky” traders go to. So other brokerages start increasing their requirements. Pretty soon, Schwab, Fidelity, Ameritrade, IBKR have all increased their margin requirements to the point that many buyers cannot buy more shares, or if they had bought on margin, need to liquidate or provide more capital. +* Meanwhile, the big guys - banks and hedge funds that are short - use [prime brokerages](https://www.thebalance.com/what-is-prime-brokerage-4165497), and since I don’t have access to one I can’t confirm, but *very much doubt had any margin changes to GME.* + +**2) Manipulative shorting:** + +* On **Friday (1/15)** you take advantage of the fact that most call buyers on GME are not going to take assignment, so as they sell their calls which are now worth huge sums of money, Market-makers (MMs) are going to sell the shares they’re using to hedge the calls. So you short the stock as hard as you can, driving it down as low as 14% at one point, but it creates too strong of a sell-off triggering a short-sale restriction. + +Great, at this point, you think you’ve killed some of the momentum going into the 3-day weekend. Hopefully investors will realize more of their mistake and sell off their foolish investment in the next Blockbuster. But then things go awry. Retail buyers are not shaken. In fact they’re enraged, and the GME movement grows more popular than ever, becoming the [most mentioned ticker](https://www.reddit.com/r/wallstreetbets/comments/l1ey7e/heres_a_visualization_of_the_tomorrows_moves/?utm_medium=android_app&utm_source=share) and even getting a stickied thread each day. + +The US markets are closed on Monday. Doesn’t matter. Europe takes the mantle, driving the price up from 35 at close on Friday in the US to 40, then 44. **Mexico** picks up the baton, where it hits 1000 pesos, or **$50/share on Monday at 11:30 a.m.** before coming back down a bit. + +&#x200B; + +https://preview.redd.it/3y8c8fhixmc61.png?width=921&format=png&auto=webp&s=9e07fbb6fbd0fb39a15a0429d3096760ccf0556a + +You’re about to get squeezed and you need to do something fast. You can’t short the price down Tuesday in US trading because of the short sale restriction, and the momentum behind GME is palpable. + +So now you get more aggressive. + +**3) Orchestrated media attack & shorting:** + +* Here’s what you have to work with. There are **at least** **1.2 million** shares available to short in just IBKR, and more in prime brokerages thanks to all the retail buyers buying shares in Robinhood. [“Robinhood Securities earns income from lending margin securities to counterparties.”](https://robinhood.com/us/en/support/articles/how-robinhood-makes-money/#:~:text=Robinhood%20Securities%20earns%20income%20from%20lending%20margin%20securities%20to%20counterparties.) At a **54% borrow rate,** that’s quite a nice return for RH for holding your shares. +* You call up a famous shorter known for impacting equity prices - Andrew Left of Citron. Offer him tons of money to put out a hit piece on Tuesday after markets open. It doesn’t matter that he doesn’t have shit prepared and you need him to do this tomorrow. He’s just going to threaten an attack to kill the momentum. +* Tuesday market opens. GME **rockets up 25% to $45/share** within the first few minutes. Then comes the orchestrated attack. + * Minutes before Citron’s tweet, you buy thousands of OTM puts. + * **1000** 1/22 40p - **26 minutes before the tweet** + * **472** 2/29 20p - **24 minutes before the tweet** + * **2200** 1/29 30p - **11 minutes before the tweet** + * **424** 1/22 40p - **10 minutes before the tweet** + * **449** 1/22 40p - **5 minutes before the tweet** + +[Biggest option trades on the day of Citron’s tweet. Note that almost all of the large, long option orders are longer term, but the puts are all short term, with many coming minutes before the tweet. Keep in mind, while all this aggressive, OTM, short-term expiry put buying was happening, GME was rocketing upwards. It’s pretty obvious this was planned and not a response to price action. ](https://preview.redd.it/a9naysrkxmc61.png?width=939&format=png&auto=webp&s=ac257a1212129b1aa7d234a77cb563498a4d4fd8) + +* At 9:58 a.m. eastern (I’m on the west coast so timestamp is different), comes the tweet + +https://preview.redd.it/jupelyppxmc61.png?width=887&format=png&auto=webp&s=08dc187be8fdd580bd418c43f682e526e5c346d1 + +* Note the language here: + * Citron’s not revealing anything until tomorrow, when short sale restrictions are done. *I.e. you better not buy today!* + * Price target of $20 **matching exactly the lowest strike price of the puts purchased just minutes prior**. + * “I understand short interest better than you” - i.e. “the shorts are paying me and I know who they are, and why they’re shorting” + * “Poker game” - ***he’s calling you a sucker, while at the same time tweeting a poker bluff***\*\*.\*\* He doesn’t actually have anything ready or substantial, but the shorts paid him off to threaten the market. +* Andrew Left fired his shot. Now comes the coordinated shorting. +* In about an hour, **all 1.2 million shares** in Interactive Brokers are used up. + +&#x200B; + +https://preview.redd.it/f6do9e7txmc61.png?width=894&format=png&auto=webp&s=1017e67af75f3f85fc98425aa5b6154b255cd5c1 + +* Probably, prior to this, shorts used the invisible shares available from brokerages like Robinhood. +* Wait, shorts can’t short on restricted days, right? **Wrong.** + * **They can short on the ask.** + * When there’s fear in the market, organic sellers lower their ask to exit their positions. + * Shorts high-frequency algos move their ask to match the lowest organic ask. + * Organic seller really needs to get rid of these shares! Citron is coming! Sees he’s now not the lowest ask, so he moves it down. + * Guess what? The algos match his ask and short at the lower price now. + * **This cycle repeats as long as organic sellers reduce their asks to sell.** +* While all this is happening, **market makers are shorting/selling shares in response to the puts placed prior to the tweet,** helping push down the price. + +Congratulations. **In a matter of less than an hour, GME has now dropped from $45 to $37/share - an 18% drop and an** ***absolutely incredible reversal of momentum.*** + +Citron didn’t even have to do shit. The next day they canceled their livestream claiming they *forgot about the fucking inauguration.* + +# How to be smart + +As you can see, there are a number of dirty tricks here. It’s sophisticated, coordinated, and the odds are stacked against the retail investor. + +There are some things you can do to trade smarter. + +* **OPEX.** Imagine if every trader out there took profits of their calls at expiration. In that scenario, MMs sell the shares they used the hedge the calls, leading to a downward drift in price. If instead people rolled forward winning calls, for example, MMs would not necessarily sell the hedge (depends on delta). Selling calls before expiry if you just want to take profits sometimes means you can avoid a drop on OPEX. +* **Robinhood lends your shares and doesn't pay you for it.** Some other brokers let you choose to lend your shares. I know I can choose to lend shares or not in IBKR. It’s up to you to lend or not, but don’t let your broker lend for you and earn all that free lending money. +* **Don’t sell on dips.** You’re only helping the shorts. If you need to sell to take profits, sell when it’s heading up. *Sell high, not low retards.* +* **Save dry powder to buy on dips.** Dips manufactured by shorts are buying opportunities. Take advantage of folks with paper hands to capture shares at low points. GME has incredible daily volatility. Set a low limit buy and just wait for the order to fill. **Have patience when buying.** +* **Don’t buy calls on rips.** With everyone expecting a squeeze *at any moment* option premiums that are already high rocket to insane levels in minutes. When Citron canceled their livestream GME started to recover, call premiums skyrocketed. You’re absolutely fucked if you buy calls on rips, even if you’re right. Look at this call premium price history for today and *imagine just how fucked you are if you buy calls on rips*: + +[Good luck profiting on calls if you buy on rips. ](https://preview.redd.it/hsofwiv5ymc61.png?width=705&format=png&auto=webp&s=8b7ee04c148c095e1f47613ded22844460fe768c) + +* **Don’t advertise when you’re going to buy. Just buy dips.** There were so many folks saying “wait for 11:30 to buy!”. Well, look what happened! Just when you thought there’d be a dip, and you were all ready to buy, there was this magical, temporary rapid price spike. Congratulations, advertised to every predatory trader out there when you all were going to buy. Double-win for them: If you fomo’d in at 41 you’re probably gonna paper hands your way out when the shorts push it back down. +* **Don’t buy more than you’re willing to lose.** You need to hold through the dips, and be ok with the extreme volatility. IF you put too much into this all at once, you’re going to get scared when the price goes against you. +* **Consider exercising DEEP ITM calls.** I love u/DeepFuckingValue but he could be making more from his portfolio. He has $2.6M in cash from prior GME winnings but also 1000 April 12 calls. The april 12 calls **are trading at intrinsic value.** Exercising those calls right now would use up $1.2M of capital and add 100K shares to his account, but 1) it would not change the PnL of the portfolio, 2) would increase the liquidity (you lose on spreads when you try to sell deep itm calls), and 3) **would allow him to choose whether or not to lend the shares.** Right now, MMs have hedged his calls with 100K shares, **but they're lending them to shorts and making free money.** In the case of DFV, that's about **$6000 per day** in free money given to market makers for the privilege of lending his shares to shorts. **If you have the cash, and the options trading at intrinsic, consider exercising.** Whether you lend is up to you, but **don't give MMs free money.** + +[u\/DeepFuckingValue's Portfolio. Exercising the April 12 calls would not impact his PnL, would increase liquidity, and would give him the option of lending shares \(and earning money\) or not. ](https://preview.redd.it/37hwj00gymc61.png?width=2804&format=png&auto=webp&s=bf3bb9864aee06d5d8c379b3413da2d6a7c7071a) + +&#x200B; + +* **HOLD.** There is so much upside in GME, *that it doesn’t matter what price you buy now if you have patience.* There are so many potential catalysts coming and if all of this dirty behavior is any evidence shorts are scared and looking for cheap buys to get out. **Don’t give up your shares for cheap.** Here’s a quick list of potential catalysts that could happen at any time and any of which would spell more pain for shorts: + * Share recall for a vote on major issue + * Cohen becomes CEO + * Alan, Jim (chewy directors added to board) purchase shares (they are not limited in how many they can buy) + * Cohen could buy his remaining 7% + * New higher $ investors pile in + * In my [part 2](https://www.reddit.com/r/wallstreetbets/comments/l0czgs/gme_endgame_part_2_cohen_market_cap_potential/) I talked about how vc investors were going to start piling in and lo and behold a couple days later [one VC explained why he was buying gme](https://www.reddit.com/r/wallstreetbets/comments/l0yzb5/a_venture_capital_perspective_on_gme/) with a potential price target of **$800/share** + * [This guy](https://twitter.com/KjetillStjerne) who is invested in GME and claims to have 9 figure wealth (might also be [this guy](https://www.reddit.com/r/GME/comments/l17ic7/gme_145m_shares_not_selling_go_longs/)) [convinces billionaire friends](https://twitter.com/KjetillStjerne/status/1352084214162849803?s=20) to buy into gme now for both the sheet asymmetric nature and to fight back against citron + * Debt upgrade + * GME’s 2021 bond is done is March, the removal of which has many restrictive covenants + * Getting to profitability and reducing debt may trigger a debt upgrade by Moody’s and unlock more institutional ownership + +All of you need to have faith. **Even after all these shady tactics, GME is still up 9% from close on Friday.** +Someone has recently pointed out this company to me. I did a lot of research and now believe it’s the best trading opportunity for Aug 2020. I’ve compiled my own and other investors' research – read below. + +**Overview** + +Xeris Pharmaceuticals (XERS, see [https://www.xerispharma.com](https://www.xerispharma.com/)) looks completely overlooked and undervalued. They've recently created a breakthrough product (Gvoke HypoPen) that is now believed to be the best emergency treatment for severe hypoglycemia (low blood sugar – see [https://www.healthline.com/health/hypoglycemia](https://www.healthline.com/health/hypoglycemia)). + +The Gvoke HypoPen (see [https://www.gvokeglucagon.com](https://www.gvokeglucagon.com/)) is similar to an EpiPen (it treats hypoglycemia in an emergency situation). There is a huge market for this due to the growing number of people diagnosed with diabetes. According to an older CBS article "371 million people had diabetes globally in 2012… By 2030, they expect 552 million people will have the disease." (see [https://www.cbsnews.com/news/371-million-people-have-diabetes-globally-about-half-undiagnosed](https://www.cbsnews.com/news/371-million-people-have-diabetes-globally-about-half-undiagnosed)). + +It is apparent that hospitals, schools, and regular businesses will be phasing out their Glucagon medical kits for the new Gvokes. Furthermore, there are millions of individual diabetics that will want to have these accessible in case of emergency. Gvoke is currently covered by about 80% of insurance companies in the US with $0 copay. Moreover, Gvoke is close to approval in EU. The company’s debt is very reasonable and they have plenty of cash on hand. Xeris actually has trouble producing enough Gvokes to meet all the recent demand. + +**Catalysts** + +There seems to be a perfect storm of factors that could propel the XERS stock and options into the stratosphere: + + +• Recently launched (July 1st) game-changing product (Gvoke HypoPen, see [https://finance.yahoo.com/news/xeris-pharmaceuticals-announces-gvoke-hypopen-110000083.html](https://finance.yahoo.com/news/xeris-pharmaceuticals-announces-gvoke-hypopen-110000083.html)) + +• Earnings report & conference call - Mon 08/10/20 – Today! Due to new sales of Gvoke HypoPen, the next ER is likely to show solid numbers (see [https://finance.yahoo.com/news/xeris-pharmaceuticals-announce-second-quarter-200500496.html](https://finance.yahoo.com/news/xeris-pharmaceuticals-announce-second-quarter-200500496.html)) + +• Active Stock/Low float The stock has been very active and liquid recently with over 2M shares traded daily (with a tight spread of $0.01 most of the time). XERS has a pretty low float of about 27M shares with 58% held long-term by institutions. + +• Reduced stock price (about $3.30 and rising at the time of writing) The XERS price has recently dropped due to overreaction to a public offering. It presents a great opportunity to purchase at the right price + +• Short squeeze Recently increased short borrow rate across various brokers (see [https://twitter.com/dteb16/status/1287783290347368449](https://twitter.com/dteb16/status/1287783290347368449), as an example) makes shorting XERS much harder. Between that, the upcoming ER + other good news, we are likely to see a major short squeeze in the next few weeks + +• George Soros – recently disclosed a 5.3% stake (about 2.5M shares) in the company (see [https://www.smarteranalyst.com/yahoo/xeris-spikes-12-after-hours-on-soros-stake-analyst-says-buy/amp](https://www.smarteranalyst.com/yahoo/xeris-spikes-12-after-hours-on-soros-stake-analyst-says-buy/amp)). It’s a great sign when such prominent investors purchase a large block of stock in line with 58% of total institutional ownership + +• Medium 12-month XERS price target (based on 4 analysts) is $12.50, with a high forecast of $15.00 (see [https://www.tipranks.com/stocks/xers/price-target](https://www.tipranks.com/stocks/xers/price-target), [https://finance.yahoo.com/news/2-beaten-penny-stocks-look-193735305.html](https://finance.yahoo.com/news/2-beaten-penny-stocks-look-193735305.html)). + +• A $4.1M contract (see [https://beta.sam.gov/opp/acb59c12ce004ebf832c456d8c10d283/view](https://beta.sam.gov/opp/acb59c12ce004ebf832c456d8c10d283/view)) was awarded to Xeris on July 1st by the Department of Veteran Affairs, which is for some reason still unannounced + +• Many other products at different developmental stages in the company’s pipeline (several versions of Glucagon, Diazepam, Pramlintide-Insulin, etc.) – see [https://www.xerispharma.com/research-development/pipeline](https://www.xerispharma.com/research-development/pipeline) + +**Risk/Reward** + +It seems to me that the reward far outweighs the risk in this case. There’s an overwhelming amount of evidence pointing to the significant upside (see Catalysts). + +**Conclusion** + +There is already a major buzz around the stock and the price is starting to reflect it. With everything that’s happening, my conservative target for XERS stock is $15-$17 within the next few months (would make options earn a very nice multiple). Everything feels like XERS is getting ready to explode. + +**TLDR:** + +I am currently buying/accumulating XERS stock and options - 09/18/20 $5c, 10/16/20 $5c & 01/15/21 $5c. This looks like a great ground-floor opportunity to me. If you agree – join me before all other investors pile in and price explodes. These are my own opinions, I'm not a financial advisor. This post is not investment advice. +Hi, I am a 22M looking to start putting money into the market and to hopefully live off dividends one day. Is it more efficient for me right now to put most of my money where appreciation in the target and then take that lump sum and put it into a high yield stock/etf down the line or do I keep putting money into high yield etf now so that by the time I am 50 I would have accumulated so much in dividends (reinvesting the dividends of course)? +I just started investing in dividends with some spare pocket lint, any advice on what to buy next? Goal is 20 stocks(w/ dividends), I’m up to 10 as of now. +Is $GOLD a good buy? Pays a decent dividend and gold is pretty stable. $GOLD is down over 5 years though. Maybe that's because it's so stable if it's down over 1 year it's down iver 5 years. Still about 5% yield on a stable asset seems good to me. Could write some cover calls and generate a little income too since the price doesn't move much. + +Any owners out there? Love some opinions. + +Do you prefer and GOLD ETFs? +Tired of the emotional and mental stress with short squeezes and speculative stocks, I went through the awesome Mod posts on r/dividends and linked my account with [trackyourdividends.com](https://trackyourdividends.com) to see what my current dividend income is -> Exported the list, and removed non-dividend stocks (\~50%). + +The spreadsheet is what's left and as of last week, my estimated yearly dividend income is \~$500. I am now setting a **goal to 2x every half year** with money left over in my bi-weekly paycheck. I am 31 right now and can typically invest about 2000 per month (2500 if I'm conservative with spending). + +Columns under the ***2023 Q2 goal*** are what I added to see how changing ***"Position Goal"*** will affect dividend income for each stock which is listed under the ***"Income Difference"*** column. + +I then added a column to see how much capital each position goal will need to see which stocks are more 'bang for the buck' (not sure if there's any proper terminology for that). The last couple of columns are for track when I add positions to each stock. + +So far it looks like if I stick to this I should expect to 2x by end of Q2. After which I'll reset this sheet for my 2023 Q4 goal which I hope I can 2x. Not tracked here right now is a $50 weekly investment through e-trade into JEPI and SCHD which I just set up last week so not sure how that shows up. + +Am I overthinking this? + +Things I'm still trying to understand: + +1. How much does DRIP typically affect annual income? +2. What other positions can I add? + +Will update you at the end of Q2 if interested. Happy New Year everyone! + + +https://preview.redd.it/qu82lumeq58a1.png?width=1894&format=png&auto=webp&s=2b3b80a694dabf7b28567ec4391e4ab8e98619b0 +My goal is to be a stay at home dad(no kids yet just a fur son dog) and open an animal rescue along with other cash flowing businesses that require little work. Right now I'm investing around 4K a month in the market and I am trying to build a dividend income stream. I live very frugal right now and I need some good dividend paying stocks or ETFs to add to my portfolio. +I had relatively quick outpatient surgery two weeks ago which required full anesthesia. Before going under, I was told that compression devices would be placed on my legs for safety reasons. + +While asleep, leg compression devices were placed on my calves and automatically "sold" to me. Upon waking up, a nurse told me the leg compression devices were now mine to take. I didn't think twice as I was groggy from anesthesia and the nurse bagged them up with my clothes. + +A week later I went to my specialist/surgeon for a post-op, who told me that I had no need to wear the leg compression devices. An out-of-network, not covered $1000 claim just appeared on my insurance (Cigna) today. + +What should I do in this situation? Should I call my insurance first? The surgery center? What are my rights? + +E1: Spoke with Cigna and was told that it is common to see surgery centers file a claim for a medical device like this and that the surgery center is most likely trying to determine how much Cigna will pay. Cigna said it is also likely that the surgery center will *not* bill the patient when the claim is denied. Will call the surgery center when they open tomorrow to determine if I am being billed for this. +My Scottish Power deal runs out at the end of Jan 22. + +A 2 year fixed rate is £180. A 50% rise. + +Is this the way it is going to be for everyone or should I switch provider in Feb 22? +If you didn’t know, apple iCloud mail allows you to mask your email for anything, like an alias would…. And you can have multiple weird email aliases for different websites that all go to your original email. So on safari app when you do an auto fill for your information, it asks there is you want to “hide” your email. Helpful if you are trying to take advantage of anything using a “new email” user for perks. + +Please use wisely ;—) +I'll be travelling out of state next week to visit family and look at a few houses for my MIL to move into with the intention of turning it into investment property in a few years. I've bought a number of houses over the years, but have never made an all cash offer. What's the most convenient way to offer proof of funds to the seller? I don't really want the seller to know how much I am able to afford as I will be looking at houses that are way under my budget and trying to get at least something off the asking price in what is a fairly hot market. + +For instance, if I'm interested in a house that lists for $250k, I don't want to make an offer for $230 and then let the seller know I really have $300k available. + +My bank is a national chain, though I have no idea where the closes branch is to where I'll be staying. Is there a standard method for getting a bank to certify that a certain amount of funds are available? I haven't been able to find anything on the bank's website. I'm not super excited about handing over a bank statement either, as it will show I have a lot more funds available than is necessary to buy in the price range I'm interested in. +I'm wondering if anyone knows what would be Kellogg's motivation for splitting their company into 3 independant companies. Usually it seems companies acquire and merge with other companies and it seems more rare what Kellogg's is doing. + +The Kellogg's CEO claims each division of the company is profitable. So what's the benefit to Kellogg's to split then rather than have three seperately profitable divisions under one roof? + +For instance I couldn't imagine Nike saying they were going to split the company into two independent companies without the Nike name one focusing on shoes, and the other focusing on clothing. + +Also there has been a lot of insider selling of Kellogg's which may suggest the lack of confidence in the split but I suppose it could mean other things as well. + +What exactly am I missing? +A part of my strategy is to allocate a small percent of my portfolio on some stocks that could have great return because of the current corona crisis situation. I've made a collaborative spreadsheet with stocks that will potentially make great returns + +Feel free to reorganize, add your stock , comments. it's in free edit mode, so **everyone can contribute**. + +[Link to the spreadsheet](https://docs.google.com/spreadsheets/d/1bBsJnUIWg8BbET-h3oKN8qY45JScNeoRr4BHJIp7Jpo/edit#gid=893631194) +I called Fidelity bright and early this morning to transfer most of my remaining xxx shares. This is before 8 AM EST and there was a short wait. Once the call was answered by the rep, he tells me that he can help with this. He starts the process and I am thinking, this is too easy and just then he says something about me having to call the "Stock Plan Account" team! I was confused. I asked why? He said, this account is a "Stock Plan Account" and asked me if I worked for Gamestop, etc. I said no. Now I do have an old Employee Stock Plan account (with my current employer), but no longer active. This account has been sitting dormant since at least 2016 if not earlier. This account is still dormant. + +The only way he can transfer these is once I spoke to the Stock Plan team and have them remove the designation. I then say - but, but.. I recently transferred xxxx shares to Computershare not too long ago and it worked fine then. He asks me when that was. I found the date of transfer and gave it to him (he probably saw it too). He still insisted that I need to get the account type fixed first. + +So I ask him this last thing before hanging up - If i understand this correctly, what you are telling me is that between Sept 10th (fake date as to not doxx me... also the date of last transfer to CS) and now, my account somehow mysteriously changed to a "Stock Plan Account" without my knowledge or consent and that for me to be able to transfer shares out of here, I will first have to clean this up? Rep: Yes, thats correct. If you like I can give you their number. They wont be in till 8 AM EST. + +I took the number and intend to call back. Will keep you guys posted. + +&#x200B; + +DRS: Don't give them "one more day"! + +EDIT1: So, I call the Stock Plan Account team. So the first thing the rep tells me is that I can definitely transfer to Computershare from that account as long as its not the company stock I want to transfer. He asks if I want to go ahead with the request. Ask me how many shares and I give him the number (xxx, leaving xx back in fidelity... for now). He tells me right away, Oh, I only see xx available to transfer. I mumbled, maybe the rest are lent out? He gave me the cash account not lendable speil. Sure. But it has happened before and Fidelity can just pay a fine later for mistakenly lending out cash account shares. He insisted that Fidelity does not lend out cash account ... blah blah blah. I listen to it and am courteous the whole time and am just trying to understand what is going on. But at this time, you can tell he is flustered a bit. Not sure why I did. + +Anyways, he puts me on hold, while he checks with the back office. + +Comes back a few mins later and tells me that the reason he was not able to see the xxx shares available for transfer is because there was already a request to get that transferred. At this time... I perk up! This is how the rest of the conversation goes: + +me: That is interesting. I was specifically told, less than an hr ago, that this request cannot be put in because I have a Stock Plan Account and that I need to speak to the Stock Plan Account team to get this cleaned up before the request can be processed. + +Rep: Sir, the request is in. What else do you want me to do? + +Me: {RepName}, Thank you for that. I appreciate you helping me out with what I had called about. But, I am just trying to have a conversation here and understand what really happened. You are telling me that this request has already been put in when I was specifically told earlier that it could not be done without speaking to this team. + +Rep: Sir, Fidelity does not lend out cash account shares. Do your research. Gives me the share lending spiel again. And then visibly flustered... wanting to hang up asap... tells me, I am not sure what else you want to do. You called with a request to transfer these shares and I am telling you the request is in. You should see these moved out of your account come Monday. If not, then give us a call back. + +Me: {RepName}, again.. i appreciate your help. You are not getting my point though. I am not sure why you are all flustered about this. I am just asking a question as to how this could happen and I not know as the owner of the account and shares (even though, i know these are not my shares until DRS'd). How can this request have been put in but I am told otherwise. This just does not sound right to me. I mean, how can I trust fidelity with these accounts of mine. + +Rep: /Very very flustered. Sir, I am telling you now, the request is in and if this doesnt get moved over by Monday, give us a call. Fidelity does not lend cash account shares. Do some research, i think you might have got your information wrong. + +Me: How can I do my research. There is nothing out there, except for rules. Those rules mean nothing without proper enforcement. Based on research, Broker/Dealer, MM, etc. make these kind of "mistakes" all the time and pay a small fine down the road with a "oopsie, looks like I messed up. Here take a fine and we can call it even". + +Rep: Sir, fidelity does not do that. Your request has already been submitted and there is nothing else I can do here. + +Me: Can I have a confirmation number? I don't see a message either in message center. Last time I initiated this I received a message in the Message Center. + +Rep: There is no confirmation number. Give us a call back if its not out of your account by Monday. + +Me: But, but, I do not want to call back Monday. I don't want you to have "one more day". + +Rep (very upset): Sir, I did not say to call us monday. I said, call us monday if this transfer has not gone through by then. + +Me: OK fine, I am not going to drop this. So rest assured, I will be calling monday... (he cuts me off here). + +Rep: Sir, Again, Do not call us monday... thats not what I am saying. I said, call us monday if this transfer has not gone through by then. + +Me: Sure. Thank you. Appreciate it. + +Keep in mind, this whole time, the guy was very flustered... especially after he came back from the hold. He did not want to have a reasonable conversation with me. I even reminded him a couple times there... "why are you getting flustered, I am just asking a reasonable question... the question is, how can there be a request already in process when me, as the account holder, and the beneficial owner of these shares am not aware of it. I was specifically told this request cannot be put through. And then less than an hr later, I am being told, that the request is already in and thats the reason why you cannot put in another. That is all I am trying to wrap my head around". He did not have anything to say. Just gave me the cash account lending spiel. + +I will report back Monday what happens. + +Till then.... + +&#x200B; + +Say it LOUDER!!! + +# DRS: Don't give them "one more day"! + +&#x200B; +I have capped at 150k as a small business owner. I see a path to grow more but incrementally and to actually increase my salary... and one day passive income. Maybe I can sell one day, I’m trying to build a business that is sellable. I get that an industry with higher margin would be the simple answer, but I’m just not sure how that works in practicality. To me it almost sounds like, yeah having a blockbuster idea with the perfect execution... but obviously easier said than done. So then I read about “jobs” paying $200k, $300k, $500k+ on here and apart from this place being filled with 90% anesthetist... what am I missing? +My mother owns timeshare at Shearwater Country club in Tasmania, and we have recently found out that she is locked into a perpetual agreement to pay well over $1000 per year, and that will not allow her to exit unless she sells it to someone else. + +This seems like a scam, does anyone have experience exiting this type of agreement? + +Article directly related to timeshare club: https://www.choice.com.au/travel/accommodation/timeshare/articles/classic-holidays-the-matchams-story +I'm investing in 4 vanguard funds, rotating every 6 weeks and I get constant mail from them. I've logged onto computershare and opted in to receive emails but that doesn't appear to have stopped the mail. + +Do I just have to accept that I'll live under a pile of letters from them? +I am looking to get into a solar position and I know I could just go into the Solar ETF (TAN) - but i am looking to go for an individual postions. What are your thoughts on the following comapnies? + +1. Solar Edge (SEDG) - Revs: $1,591,848,000 +2. Sunrun (RUN) - Revs: $851,504,000 +3. First Solar (FSLR) - Revs: $3,120,718,000 +4. SunPower (SPWR) - Revs: $1,881,823,000 +5. Canadian Solar (CSIQ) - Revs: $3,201,070,000 + +I am also a fan of Enphase Energy (ENPH) and NextEra Energy (NEE) but these are more diverse, I wold love to hear another opinion and from another point of view. +**My ~~15~~13 year FIRE plan** + +I started my career in 2001. In 2005 I decided to try to FIRE in 15 years using a high savings rate 80%. My only awareness of FIRE came from my brother who FI in his early 30s and fatFIRE at 45. I otherwise didn't research FIRE until I came across this subreddit 3 years ago and began monthly tracking again. + +Over my 17 year career: + +* I was paid 1480k + 56k in 401k matches, and had 506k in investment gains. +* I paid 427k in fed+state+FICA+health care contribution and spent 275K on living expenses. +* I saved 1354k and ended 2017 with 1330k (1115k investements, 215k home). + +Here is a graph of it and my budget for the past 3 years, current, and next year budget. + +[Cummulative Earnings/Expenses/Savings Graph](https://i.imgur.com/bQkgcIe.png) + +**Net Worth** + +* Started 2001 at -$24k. (15k student loan, 9k auto loan). +* Leanfire goal was 900k @4% SWR. Reached in 2016Q1 +* Desired goal was 1200k @4% SWR. Reached in 2017Q3 +* Stretch goal was 1600k @3% SWR. I'm not going to make it. + +I'm currently in the OMY phase and expect to stop early at 1.4M +/- whatever the SP500 does when my job is finished in a few months? + +**Expenses** + +I live in a M/LCOL area. My target was 12k/year which was pretty close to what I achieved. I spent on average 13.1k/year during the accumulation period 2005-2017 and 16.2k/year if 2001-2004 is included. + +Some of my travel expenses are subsidized because I spend money for work on my personal CCs. I would expect my real expenses would be a few hundred higher without the perks. + +**Employment** + +I started out of college at 64k for company A for half a year in 2001 and was laid off due to the recession. + + +Hired a year later by company B at 72k, but wage was stagnent during the entire period I was there. + + +Currently with company C at 130k, but I doubt I will last past this year. + +**401K** + +Company B offered only actively managed high ER funds (1-3%) with additional hidden 0.25-0.5% administrative fees. + +Contribution + match was 227k and grew to 275k when I left. Compared to my current company C's low fee SP500 index fund it would have been around 455k. So I got ripped off to the tune of $180k. + +**House** + +Paid off after first year. Maintanence was higher than I expected. Roof+Siding+Windows+Door+HVAC x2 = $2140/year over 12 years. + +Housing cost ran ~$5.8k per year during my home ownership period. Prior to this I was renting a room for $4.8-5.4k per year with utilities included. + +**Car** + +Owned two vehicles over the time span, average of 9 years each, bought new each time. Average car expense of ~$3.2k per year. + +My current vehicle was bought used. I have amortized the cost over 5 years vs just using annual depreciation. I plan to keep it for 10 years or whenever maintanence gets too high. I'm not a car person. + +**Variable Expenses** + +Other than random home maintence, the majority of my random expenses comes from vacations which can range from 500-1500 for a domestic trip with friends or 1-3k for an international solo trip. +https://www.bbc.co.uk/news/health-55145696 + +The UK has become the first country in the world to approve the Pfizer/BioNTech coronavirus vaccine for widespread use. + +10m doses should be available ‘soon’. Masks and social distancing will still. remain in place for the time being. + +Are we gonna see green today? + +GL! +I have a bad daily habit of stopping at the gas station on the way home from work and buying a monster and reese's cups which comes out to about $5....$5x30 days= $150 a month 😯 and sometimes I might load up and buy a bit more, and to think I've had this habit for years...it's my one little luxury in life but I really want to stop but I feel almost addicted to my one energy drink and candy a day I know soda is cheaper but I hate the taste of most sodas....anyone else have the same bad habit or a good alternative? + +You may say "just stop" but it's like a hole is missing in my day without it because it's been a daily ritual for years now...so it just feels wrong driving past the gas station +(Note: I had originally posted this in another forum, decided to edit and post here instead - let me know if you think it doesn’t belong) + +The question: for fatFIRE’d people what services do you have to reduce your general tasks (I call it daily overhead). Do you have someone do your laundry, cook food, clean more than once a week, take kids to school, etc? Was it worth it and how hard was it to find someone? What city are you in? + +Background: my wife and I live in the Bay Area and make close to $1mm/year total comp with 1/2 that liquid (company is about to IPO in the next 3-6mo and I’m valuing the stock well below 409a for this question). I work and my wife takes care of the family (which is a lot of work) and we both work ~5-10 hours a week on a side business which generates a lot of cash. + +For services: We have a housekeeper that comes once a week and thats it. + +My wife and I both find ourselves out of energy at the end of the week and keeping things going in the house with the family is a struggle. I’m looking at this as an investment into increasing our time for family and volunteering so we worry less and enjoy more, but I’m aware it may also be the wrong idea. + +We don’t plan to retire just yet - we actually really enjoy what we do, it’s just the home life that has become more challenging. In about 6 years we plan to retire, or at least take our foot off the gas. Until then we want to make daily life a bit easier. + +Edit: Wow, thanks everyone for the upvotes and input. I really appreciate it! +Longtime lurker, first-time poster, so here goes. + +I'm a 27yo on the early-ish part of my FatFIRE journey. Net worth is $366K split 60-40 between brokerage and 401ks (including today's massacre). We have no debt and no owned real estate. I'm in private equity, she's in biotech and we are earning \~$400K cash, she has a solid stock comp package and my bonus has significant upside (and downside). Fiancee and I live in a HCOL area, so our savings rate is about 45% of take-home pay. + +I feel like we are currently solidly on the path to FatFIRE... but with around 15 years to go until my target of around $150-200K of 3.5% rule FIRE income. At this point so much depends on how the market does, how our pay changes (hopefully increases!), our ability to continue saving at a high rate once we settle down and have kids, and a million other factors. My question is how do folks out there think about this? + +Since I'm in finance I am an excel junkie and I have probably modeled out a hundred different outcomes, but depending on the variables see a 10 year swing between when I reach FI . Anyone have any guidance other than just doing our best to stay the course? + +Cheers! +Like the title says, I’m curious what level of education have those of you who are on the path to fatFIRE reached? + +Over half of millionaires have a master’s or doctoral degree. I’m curious how that translates when compared to those of who have, or will, achieve fatFIRE. + +I personally have a BS in engineering, but I will probably return to school to get an MBA within the next 18-30months. +Getting straight to the point here, I have around $10k in savings and since I started saving up, I knew my end goal was to invest all of it into crypto. I have a portfolio of solid projects I’m interested in (Algorand, Tellor, Chainlink, Tezos, etc.) I’m looking to invest in some low caps, and I think this would be the best subreddit to consult about it. Thanks in advance :) +I’ve done it again. I’ve gotten too greedy with these calls. I could have made profits, but I chose not too in hopes of prices going in my favor, which ended with me in loss. Tilray calls, door dash puts, etc. how do you guys combat greed? + +Edit: didn’t expect so much advice. Thank you guys for some tips and whatnot. As a new trader I suffer from stupidity on many occasions so I appreciate all the info +I’ve been meaning to write this post for several weeks now. I originally learned about this concept in The Four Hour Work Week, and I think it has financial independence written all over it. I’ve expanded on the premise just a bit, its not uber profound but I think very pertinent to the way in which we think about work. + +Absolute Income = Your total gross income you make in a year + +Relative Income = The income you make per hour working, or per responsibility you manage + +It’s easy to get jealous of the seemingly endless number of people in this sub claiming they make $300k a year, or $200k, or some will get jealous over all the $100k salaries. Some of us are pulling in $70k, $50k, or $40k annual salaries and thinking WTF did I do wrong. And really none of it matters because we're talking about Absolute Income and not Relative Income. + +Jobs that pay $150k/year and higher are generally very difficult to get and will generally require a high level of responsibility, education, stress, and time commitment. (And I’m not talking about $150k in ultra HCOL areas - just the general US.) If you’re making $150k, $200k, $300k or higher you are likely working alot of hours, have tons of responsibility, and little free time. Not to mention the grit and grind and BS it took to get to that salary in the first place. Sure there are exceptions, but this appears to be a general trend. There are people in this sub who will work non-stop making $300k, $400k, $500k per year until the day they die, because they are addicted to the pleasure and security money can buy. + +The more important figure to consider, especially for those seeking freedom and independence, is relative income. Relative income is the amount of money you make relative to the hours worked, the stress/responsibility taken on, the flexibility of your schedule, and your local COL. + +Who’s doing better: someone making $300k/year as a banker in NYC working 80 hours per week ($72/hr) or a part time business owner in the Midwest working 10 flexible hours per week and 35k per year? ($67/hr) + +Or another, less extreme, example: a business executive making $100k/yr yet working 60 hours per week ($32/hr) or their neighbor, a government manager making $75k/yr but only working 40 hours per week. ($36/hr, plus potential pension) + +Relative Income matters a ton in regards to financial independence. If I’m a nurse that can live frugally on my $30/hr salary while only working 2 ten hour shifts per week, I’ll enjoy my 5 days off while my peers work endlessly. + +Similarly, if I’m a plumber or a software engineer that can work contract part time, somewhat flexible, yet still accrue more than I need to live off of, I’ll take that any day over working 60 hours a week for a plumbing company or Amazon. + +If I can save up $300k, which will produce $1,000 per month in income forever. I can take a step back and coast. Maybe I’ll work part time, or maybe I’ll take a job that requires only 40 hours of work, and not the typical 55-60 I’m used to, regardless of overall salary. Because Absolute Income is meaningless (unless you want to live your life working,) we need to focus on Relative Income. + +I’m not saying it's wrong to grind it out making the big salary while you can. But as we compare salaries and careers we’re really comparing apples and oranges. It’s easy to lust after those big numbers as we read them throughout this forum. But I suspect there are some overworked, overstressed, people behind those numbers who enjoy very little free time. And for some people they’ve lived that way for decades. Just something to consider. + +If you can achieve a healthy savings rate, allowing you to retire in under 15 years, yet work a low stress 40 hours per week, you’ve struck gold. Forget the uber rich in this sub throwing out ridiculous 6 figure numbers (but I am a little jealous of you sometimes.) + +If you can hit your “coast number” and find a way to still live well via working part time, you’ve struck a similar gold mine. Relative Income matters way more than Absolute Income. + +The response this reddit has gotten shows there's a CLEAR NEED for reform to happen. I was listening to the latest podcast "unchained" http://unchainedpodcast.co/the-tax-rules-that-have-crypto-users-aghast , around the 56 minute and 27 seconds in, the lawyer being interviewed mentions he's surprised at this point in 2018 there hasn't been a lobbying effort on behalf of crypto community yet. Someone needs to submit a reddit post for that too. That would really be a game changer. + +Thanks to Jahendrix for revising into more legal wording. Can't thank this reddit user enough. I love the internet. + +Jahendrix version: + +This petition, which is digitally signed by lawful residents and citizens of the United States who currently invest in or may invest in digital currency ("cryptocurrency") is directed towards the United States Internal Revenue Service and the United States Treasury. The purpose of this petition is to express concern regarding the potential taxation of the cryptocurrency market as laws and regulations in this area develop. Considering the fast-paced and fluid nature of cryptocurrency price changes and trading, both investors and regulatory agencies such as the Internal Revenue Service have an interest in simplifying the taxation of cryptocurrency. Therefore, we would like to propose that only the exchange from cryptocurrency to cash or cash receivables be considered a realization event for federal tax purposes, not taxed in-between cryptocurrency trades, and a tax exemption for transactions under $600, as proposed in, "Cryptocurrency Tax Fairness Act Of 2017", introduced by Rep. Jared Polis(D-Co), and Rep. David Schweikert (R-Az). These proposals will allow the Internal Revenue Service to more easily regulate the trading and taxation of cryptocurrency, and would allow taxpayers to simplify the means by which they report gains and losses from investing and trading activities. An additional concern for most taxpayers in this area is ensuring that any statutory or regulatory law implemented be made clear, simple and streamlined to minimize the likelihood of taxpayer mistakes in reporting and remitting cryptocurrency-related tax. The following signatures represent lawful residents and citizens who have expressed their consent to this proposal and their desire for the implementation of laws and regulations in accordance with the principles espoused herein. + + +ALSO: Californians, be aware that Diane Feinstein wants to badly tax your crypto and considers you a criminal if you don't disclose your holdings. Vote her out of office for Christ sake. + +https://cointelegraph.com/news/us-senate-moves-to-criminalize-non-disclosure-of-cryptocurrency-ownership +Hey as you all know this is Ethtrader so... lets discuss strategy we all know that BAT has been listed on CBPro and there seems to be a fairly decent number of holders of BAT. We know BAT will be listed on regular Coinbase in the upcoming days and that BAT has upcoming news soon (hopefully). I wanted to gather some trading thoughts as the daily tends be ineffective way on discussing erc20 tokens. + +[View Poll](https://www.reddit.com/poll/9v1agy) +Would you tell everyone how much money you have in your bank account? Wouldl you tell folks on social media that you just bought $20k worth of stuff to brag? Stop doing this for the upvotes. + +Come on guys, what the hell is going on in this Sub? + +RULE NUMBER ONE: + +NOT YOUR KEYS NOT YOUR COINS + +RULE NUMBER TWO: + +DO NO TELL ANYONE YOU HAVE BITCOIN! + +Look at the end of the day, all of us here are excited for you to realized all the good and wonderful things Bitcoin can bring to help you out. + +I think if you have 1btc or more, you have basically won the SLOW LOTTERY. It might not be wealth and riches now, but it will be soon. + +Read this, it's what happens when you win the lottery and all the consequences that come with it. +https://www.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb38xf/ + +Guys, friends, whole and part coiners, calm ur tits. +For the past 10 years I've been investing 50€ per month into some kind of silver fund (SafePort Physical Silver 95+ Fund). In about a month, the contract is gonna end and I will be able to withdraw the money. Currently, I have about 5300€ in that fund (vs 6000€ that I paid into). + +I'm not sure how the fund works exactly, but let's assume I could leave that money in the fund indefinitely until I decide to withdraw it. Someone recommended to me that I leave the money be until silver price grows a little (since I'm negative right now), however I think it would be better to just take the loss, withdraw the money, then invest into some ETF (I'm already investing monthly into VWCE). This would probably yield bigger returns compared to if I just leave it in the silver fund which has been stagnating and even dropping the past few years. + +If it's better to invest it into ETF, would you recommend that I invest all of it at once or would it better to spread it over 10 months and invest 500€ per month? +Hey +Im 26 years old leaving in east Europe (Poland) +I can safely say that I earn monthly about 2.2k € monthly (netto). +I can save half of that per month or even more when I decide to stop buying pointless things (😬) +Im wondering what I could do or where can I invest the rest of my funds for them to make some money. +As You all may know the polish currency is going down simply day by day (by prognoses the inflation will hit 10% this year) +I dont want to keep saving this money and wasting it by it getting lower and lower +If I did something wrong with the post or something let me know :) +I guess my montly expenses will be around 1.1k€. +I bought new car this year for roughly around 5k€, did all the mainteance it needes this year (around 2k€) +I work from home for now (this year im getting a promotion at my job, probably around june which will promote me to a regional manager with his own office in my town - this will give me probably around 500-800 € more monthly starting from that point) +Please let me know if You need more info :) +Hello, + +I was wondering what countries in europe have tax advantages when you use accumulating vs distributing dividends tax wise? I know Belgium does have a tax advantage on accumulating etf's, not sure of any other country in the EU? + +Is there a list with the tax on each country? If not, could you share the taxes on dividends of your country? + +Thanks! +Hi, + +I have some shares of an American company on my brokerage account. + +I remember I used to fill out a W-8BEN with some previous firms that used to hold this shares but the current one didn't request me to fill one. I have an account with them since April 2018. + +Is that form needed? I live in EU. + +Thank you for your help! +Hello everyone, + +Since VWRA and VWCE are both the same funds, track the same index and their only difference is trade currency then their returns should be fairly similar? This confuses me since their returns over the last year differ drastically: + +VWRA: 56.53% (66.58 USD -> 104.22 USD)^(1) + +VWCE: 45.91% (60.60 EUR -> 88.42 EUR)^(1) + +I guess the currency exchange rate change should be taken into account since most of the underlying assets are denominated in USD? Someone correct me if I'm wrong here. + +EUR/USD: 5.87% (1.12 -> 1.18)^(1) + +Even when adding this change to VWCE, its yearly change in USD would be 53.73% (67.87 USD -> 104.34 USD). With that addition, there is still a 2.8% difference in yearly returns between these 2 ETFs. + +Can someone please explain to me why is that the case? Are my calculations incorrect? Does it imply that long-term VWRA is a better choice than VWCE if trade currency does not matter for me (both are not my home currency)? + +\--- + +1 - All of the performance data is taken from Google +Good morning everyone, I'm a fellow european investor (22) and I recently invested my first few money in ETFs, using DEGIRO. + +I have a quite solid basic understanding of how ETFs work and how they can be very profitable on the long term (that's what I'm currently aiming for) and since I also started working a couple months ago, I already have savings plan to invest as much as possible. + +However, I have quite a few doubts about my next moves. The fact is that, as I already said, I only have a basic understanding of ETFs and the market and that makes me kind of fear what's going on in the world at the moment. It looks like everything is really unstable politically and therefore economically (see hong kong, brexit, usa-china tensions and basically everything Trump does). + +To sum up, on one hand I'm very eager to save money and invest them buying more ETF shares, on the other hand I'm a bit afraid about the direction the world is heading towards (also taking into account the whole climate crysis thing). Therefore I am wondering, is all this present chaos just meaningless to the long term and I can keep investing and holding, or is it actually a bad moment and I should stand by and see how things turn? + +I realize that what I'm asking may be very subjective but I'd be glad to hear all of your opinions, also to learn much more about the market and the world actuality itself. + +Thanks for your replies and have a great day! + +P.S. sorry for not perfect english but i'm pretty sure I explained myself decently :) +My bet, I think it would be Switzerland or Belgium, but it would be interesting to hear what you guys and gals know. + +Asking as I want to get a job in a european country with the highest PPP, to then save and make investments in other countries far quicker. +For the past 10 years I've been investing 50€ per month into some kind of silver fund (SafePort Physical Silver 95+ Fund). In about a month, the contract is gonna end and I will be able to withdraw the money. Currently, I have about 5300€ in that fund (vs 6000€ that I paid into). + +I'm not sure how the fund works exactly, but let's assume I could leave that money in the fund indefinitely until I decide to withdraw it. Someone recommended to me that I leave the money be until silver price grows a little (since I'm negative right now), however I think it would be better to just take the loss, withdraw the money, then invest into some ETF (I'm already investing monthly into VWCE). This would probably yield bigger returns compared to if I just leave it in the silver fund which has been stagnating and even dropping the past few years. + +If it's better to invest it into ETF, would you recommend that I invest all of it at once or would it better to spread it over 10 months and invest 500€ per month? +As the tittle says i am 19 years old from Slovenia who just finished school and i am going in the University in September so till then i will find a job. + +So beside that i have 5000€ in my saving's. + (For exemple from where i am 18k is avarage wage) +So as i have my money on a bank account with really low interest.. Like 3€ on year... i am looking for realative safs ways to invest or make somethink from that money... + +I really don't know much about investing and i look foward to learn any advice or even book or yt channel or something would help.. +Simple as that, in EU we are going crazy fighting for/against Eurobonds or MES, but, why can we print more money? +And I know, I know, I didn't study at zimbabwe institutes of economy, I'm worried about inflation as much as everyone, **but** the BCE has always tried to keep a 2% inflation rate, but it rarely manages to gets it (most of the times is lower), so inflation *seems* not to be the problem here (and the FED seems not to worried about it). +**So why is the FED going BRRR and we don't?** +I have a job offer to move to Amsterdam, I like the job, the workplace and the team seem nice too, but the issue is I only have 1.6k€ in Fiat. I was thinking of getting a small loan of 5-7k for Rent Deposits, and other relocation expenses so I don’t sell my investments. Do you think it will be a dumb decision to do so? + +Just some info on the job, it’s 39K with Holiday Pay so 36k Base Pay (Gross). + +Looking to hear some of your thoughts. +Hello everyone. I'll start with some background: I'm 23, still living with my parents with no costs other than the fuel and insurance for my car. I work full-time in a production environment which nets me around €2200/month after taxes. Of which I try to save €1500/month. +I'm debt free, I own a 20k car paid off in full, have about 22k on my savings account, a little over 4k in my pension fund (I max out €940/year) and about €4.5k in a fund my parents opened up for me a few years back. + +The plan is to stay at home a couple more years until my gf has graduated and to save up to buy a house or have one built. My parents also have an unused building plot worth about 88-90k of which I have to share the money with my sister 50-50. + +Now I realise I'm doing pretty well in the saving department, but I would like to start investing my money as well. The problem is I'm a bit unsure where to start and am looking for advice. + +Thank you for reading. +So i'm a FIRE novice from Croatia and since i realistically can't invest into anything here, i had an idea. Why wouldn't i invest into Vanguard index fund or something like that, via Revolut which is based in UK. Would that be possible and what would be the down side? + +&#x200B; + +I know Revolut [said](https://blog.revolut.com/are-you-ready-to-disrupt-the-stock-market-we-are/) last year they would offer investing baked right into their app with no commission per trade, but to this day there's still nothing of the sort... +Hello! + +So as the title says, I live in Spain and because of previous posts here, I saw that there're certain broker better than others if I want to invest in ETFs like Vanguard S&P500 (or so) in terms of Spanish taxes when in the future I'll want to withdraw my money. + +Any suggestion of what could work better? Any info or advice is welcome? + +Thanks! +Hello, + +I was wondering what countries in europe have tax advantages when you use accumulating vs distributing dividends tax wise? I know Belgium does have a tax advantage on accumulating etf's, not sure of any other country in the EU? + +Is there a list with the tax on each country? If not, could you share the taxes on dividends of your country? + +Thanks! +Dear investing friends, + +I’m currently 30 years old holding a portfolio with 100% VWCE.DE + +I would like to change strategy (in a smart way) and I have a lot of faith in Life Strategy 80, V80A. How do I have to do this? + +Shall I just sell my entire portfolio on Monday and instantly buy with all that cash V80A shares on the Euronext? + +My thoughts are that if you just start buying V80A ETFs monthly (holding the VWCE), your portfolio isn’t in balance. + +Later, approaching retirement age I would like to change from life strategy fund 80 to 60, V60A. Then again, do I sell my entire portfolio to buy back V60A immediately? + +Your thoughts and advices are appreciated. + +Stay safe! +I am not giving any dates. It's your money; it's your stock; and you can do what you want with it. I am simply looking at the situation around us and noticing things. I am shy to post so I am going to use this new robot and see what happens. + +**1\. Sloppy Shill Tactics** +Literally letting us [RECORD THEM on a phone call](https://www.reddit.com/r/Superstonk/comments/msdr64/yall_wanted_proof_here_is_the_first_60_seconds_of/)? All the screenshots? [They're sloppy](https://www.reddit.com/r/Superstonk/comments/mskz2e/lifewater_media_trojan_horse/), and as a result probably desperate. It's either that, or they are adopting new strategies against us, letting us "leak" their screenshots and calls in an attempt to \_\_\_\_ who knows. It doesn't matter because both make me want to HODL. + +2\. I suspect that\, to pay their shorts\, they'd ultimately have to sell their shares across a whole range of investments\, and I'd argue the last two months have been on and off crap for the total market\, but also it looks like [it's primed](https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-stock-market-rally-enters-power-trend-square-snap-carve-handles-apple-tesla-next/) right now for the sell-off. Also, [look at finviz](https://finviz.com/map.ashx?t=sec_all&st=ps&nbsp;)**.** + +3\. Also\, rich people don't even go broke the same as regular people\. There was the theory that crypto would boost dramatically pre\-squeeze\, since they would be trying to pump it up so they could offload it into offshore accounts; foreign accounts\, etc\. [What did we just see?](https://www.theblockcrypto.com/linked/102007/bitcoin-plunge-7-billion-liquidation) Now their money is safe to the tune of (potentially) $7.6 billion, at least? + +4\. Monday or Tuesday we could see the catalyst that triggers the covering; [something like a share recall](https://www.reddit.com/r/Superstonk/comments/mmt5rq/420_share_recall_explained_why_its_important_that/)? That'd do it!!! + +5\. The FUD is just incessant\. We've endured two months of [constant psyops attack](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/), in my opinion, and we've warded off how many tickers? How many cryptos? They've attacked our mods and they've attacked our favorite members. They want to scare us but honestly I'm too smooth brain to get scared. All I do is HODL. What can they push at us now? Either they're [going to into panic mode](https://www.reddit.com/r/Superstonk/comments/mt85ej/google_says_there_is_more_activity_at_citadel_hq/), or they're preparing the next and final act of their psyops motion. Maybe they will dox members. Maybe it'll turn into serious threats. ALWAYS do what's safest for you and your families, but I hope the strongest of us can survive the storm to Valhalla. + +All of this makes me feel like we're at the utmost precipice of an explosion of SOMETHING. It's something in the air. It's the alignment of SOMETHING and we can feel it. Either way, I'm always going to be an ape and remember this community as being one of the highlights of my entire life. [APES TOGETHER STRONG](https://www.reddit.com/r/Superstonk/comments/mtb7m3/citadel_cant_compete_with_someone_who_never_closes/). + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* +I've been living in Brisbane now for 5 years in New Farm, in 2020 I decided I was going to buy a house in New Farm, but prices have gone wild in the area at the moment but also minimal stock. Apartments on the other hand are quite cheap. What are peoples thoughts on apartments for a long term investment? I am thinking now to buy a apartment instead, live in it for 12 to 24 months then start the house search again then rent out the apartment. If I was going to go down this route I would only want to spend 650 to 700 so if I find a house after 12 months I still have to capital to jump on that opportunity. Right now I'm renting and not being able to change things to my liking is driving me insane. +It’s a long story but between a bout of depression and a fruitless decisions to study a course that I just ended up dropping (crisis counselling and I realised it’s too emotionally intense for me) as well as rising costs of living I’ve ended up unemployed, Centrelink doesn’t cover the cost of rent and I don’t really have any prospects lined up or contacts to help get my foot in any door. + +Do you guys have any advice for things I could try in the short term? + +I have a marketing degree and some industry experience from before covid but don’t remember anything practical so I’m feeling pretty rusty and unconfident there but I’m at the stage where I’m willing to hide that in interviews and say whatever I must to land something. My main skills are of the soft variety - I consider myself creative, a strong writer, and to a lesser degree speaker. I don’t like marketing hence why I studied in another field but it’s probably the area I have the best chance of landing a decent job in. + +I feel that my resume isn’t too shabby but I haven’t had any luck with SEEK or Indeed - in fact I’m not even sure my applications are seen with human eyes. + +I don’t know how I let things get this dire but the reality has just hit me like a freight train. + +So any advice is appreciated :) + +Edit thanks for all the suggestions I’ll read through them all soon - I should’ve mention though that whilst I’d be willing to do almost anything in the short term I had a pretty serious shoulder and lower back injury recently so really physically challenging work might be a bit risky +This is the strategy that is yielding me my biggest days yet. Already up 1500 for the day and have hade a few 2k days using this strategy. Anyone can implement it and find success. I use think or swim and everything here is at its default. Don’t just take my word for it, back test it and see your results. + + +Indicators Used + +SVEHatypCross (strategy) +HACOLT (study) +Vortex (study) +MACD (study) + +Timeframes + +5 min (riskiest but with biggest returns. My favorite time frame) +10 min (less risk less profit target) +15 min (min risk min profit target) + +Rules + +1) Don’t trade the first 15 min. First trade must be after 9:45 EST +2) Cut loses at stop loss +3) 5 total trades allowed in a day +4) Must meet 5 point total to enter trades +5) If you fall to 4 consider exiting. If you fall to 3 hard exit +6) Never let money sit in market after hours +7) No scalping. Not a strategy for long term success. +8) 3 loses means stop trading + +Points + +1) SVE strategy signal (1 point) +2) Candle color matches trade (1 points) +3) Hacolt indicator in favor (1 point) +4) Vortex indicator in favor (1 point) +5) MACD indicator in favor (1 point) +6) Candle finishes and new candle starts on opposite side of red (slower) trend line (-1 point) +7) If indicator flips remove point/reduce point to 0 + +While everyone is being blinded by cryptocurrency. something is happening now in housing market. according to [UBS Global Real Estate Bubble Index](https://www.ubs.com/global/en/wealth-management/chief-investment-office/key-topics/2017/global-real-estate-bubble-index-2017.html) canada has been said as most risky country for current housing bubble cycle. and now it started to fall from Sep. it's [first quarterly decline](https://housepriceindex.ca/#chart_change=c11) after the subprime crisis. their price level is [at skyhigh](https://www.bloomberg.com/view/articles/2017-06-21/canada-s-housing-bubble-will-burst) and their [debt level have soared up unlike US.](https://www.caseyresearch.com/how-to-prepare-for-the-coming-40-crash/) it's [more than the GDP](https://www.bloomberg.com/news/articles/2017-06-05/don-t-bet-the-house-poloz-will-bust-bubble-canada-eco-watch) now. seems their [construction share to GDP](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i7UaX_AReOR8/v1/-1x-1.png) isn't sustainable level. even more their central bank rate is still 0.5% lower than US which might lead to currency weakening. i've gathered some facts. so any thoughts on it? +One thing I often hear people say about the stock market is that "all available information about a company has already been priced in". By this I suppose people mean that, on average, the market behaves "ideally", in the sense that all pieces of available information about how a company is doing have already been taken into account, so that the current price reflects the "real" (expected) value of the company at the given time. +