diff --git "a/reddit_finance_43_250k_382.txt" "b/reddit_finance_43_250k_382.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_382.txt" @@ -0,0 +1,10000 @@ +TACR: To be a security, something has to not fall under the exceptions in 8-103, and it has to meet all three criteria (i), (ii), and (iii). + +The exceptions in [8-103](https://www.law.cornell.edu/ucc/8/8-103#8-103) carve out things which explicitly are not securities, like options, commodity contracts, things which don't trade on markets, etc. None of them seem to apply to GME, but you can read it for yourself. + +Now, to be a security, each of (i), (ii), and (iii) must be true. Let's look at (i) specifically: + +>(i) which is represented by a security certificate in bearer or registered form, or the transfer of which may be registered upon books maintained for that purpose by or on behalf of the issuer; + +So to be a security, this must be true, which means at least one of these things: + +* It is represented by a security certificate in bearer form +* It is represented by a security certificate in registered form +* The transfer of the thing is registered upon the books, maintained for the purpose of registration, by the issuer (GameStop) or for the issuer (i.e. by their transfer agent, Computershare) + +So, if you do not have a certificate (which is hard to come by these days, pretty much no one deals in stock certificates anymore), and you are not registered on the books maintained by Gamestop/Computershare, **then you do not have a GME security**. Full stop. + +How does one get onto these books that are maintained by GameStop's transfer agent Computershare? (Spoiler: It's through Computershare) + +Honestly, that should be the end of this post right there. + +Unfortunately, due to certain derivative repping shills, I also have to talk about why a share IOU is not just as good as a share. + +[https:\/\/www.law.cornell.edu\/ucc\/8\/8-503](https://preview.redd.it/p37a2ximd8u81.png?width=680&format=png&auto=webp&s=d41736064abd1086308397ed304e162fdd1325a5) + +>An entitlement holder's property interest with respect to a particular financial asset under subsection (a) is a pro rata property interest in all interests in that financial asset held by the securities intermediary, + +"Pro rata" means proportional. "To the extent necessary for a securities intermediary to satisfy all security entitlements" means when push comes to shove. + +If your broker doesn't have enough shares for all the IOUs they've handed out, you'll have to make do with fewer shares than you have share IOUs. If the DTC doesn't have enough shares for all the share IOUs they've handed out, you'll have to make do with fewer shares than you have share IOUs. + +Edit to add this paragraph: I've responded to a comment saying "of course, all shares are pro-rata". To be clear, there is a difference between a pro-rata interest in the issuer (what we assume a share means), and a pro-rata interest in "that financial asset held by the security intermediary" (what this law states). The basis for determining this pro-rata proportion is not the company's issued/authorized/outstanding shares, but the potentially much larger number of shares owed by the intermediary to its entitlement holders. As an example, if a broker sold 1000 shares, including 100 to you, but only received and holds 500, you have property interest in just 50 shares, not the 100 you see neatly credited to your account. + +But that's just my interpretation, what do I kn-- huh? what's that [SEC staff](https://www.sec.gov/news/speech/2007/spch101607ers.htm)? + +[https:\/\/www.sec.gov\/news\/speech\/2007\/spch101607ers.htm](https://preview.redd.it/kmtk8jvhf8u81.png?width=805&format=png&auto=webp&s=b89150d29a7f1a9a6f14856478f2c2138f4503e2) + +Alright, let's wrap this post up. To summarize: + +* A real share (security) is registered on the books maintained for the issuer, by their transfer agent (or is certificated) +* A share IOU from your broker (security entitlement) is what you actually have when your "shares" are not registered +* A share IOU is **not as good as** a share. It is a **pro-rata** property interest in real shares held by the DTC/Cede & Co. +* If you want to *have* a share instead of *be owed* a share, you gotta ask your broker to deliver what they owe you + +All along, we said the secret ingredient was crime. And there is a lot of crime. But there is also a non-trivial amount of technically legal non-delivery due to holders not RTFL and not asking for delivery of what they paid for and are owed. + +https://preview.redd.it/ir83p0gag8u81.png?width=489&format=png&auto=webp&s=023041e22707286357dafc6f9683e711bf1b0dcf + +PS. Special shout outs to u/millertime1216 and u/mistakesnmoney for motivating me to write this. šŸ¦ļøā¤ļøšŸ¦ļø. Shout out to DRS haters for frustrating me enough to go look up all these laws. To any shills coming for me in the comments: hope you're not selling covered calls, those pro-rata shares may not cover you when shit hits the fan. +Firstly, I take my actions as a learning experience and it exposed a lot about myself. Fear drove me to sell. Laid-off from work and now I know I've been investing more than I could emotionally afford to lose. I feel 100 times better. Hindsight is a bitch. Please no condescending comments. + +edit: any solid advice on what I should do after selling? +Just had a call - ā€œRemember me, are you looking for work?ā€ + +The job was entry level Property Management paying an exploitative $50,000pa. + +Having worked there before, I know the owners of the business are very wealthy, plus the place is run so badly the staff turn over is high. + +I left thru asking the boss to sack me as a co-worker was basically trying to bully me out of the job. + +Iā€™m meeting with the nice person there that will be my boss if I join again - Iā€™m thinking of offering my services as a contractor on a 6 month contract for the equivalent of $60,000pa - so that would be $30,000 of wages plus 12% super ($3,600). + +Iā€™d be using my car, I was using their fuel card formerly, if I allow $250pw for fuel, times this by 26 weeks in 6 months thats $6,500 for fuel if I factor that in to my package. + +So for the 6 months it would be $30,000 add $3,600 add $6,500 is $40,100 - would it be not to cheeky to round it up to $50,000 per 6 months as a contractor and ask for $8,333 per month paid at the start of each month? + +Would asking for $10,000 a month all in as a contractor be too cheeky??? + +It will be a stressful job, you might think Iā€™m mad for thinking of going back to this place, but if I can screw them for 6 months and move on Iā€™ll be ok with that. +Title. Iā€™ve seen too many people in here flood into traditionally ā€œsafeā€ companies as they have weathered the recent volatility. Iā€™m here to tell you that the risk/reward on these companies is terrible, and even under optimistic assumptions you are guaranteeing subpar returns. Iā€™m specifically talking about the value stocks that trade close to a 25-30 PE, like $KO, $PG, etc. + +Hypothetically, if there was a company that was absolutely, 100% guaranteed to have the exact same net income every year for the next decade, and every investor knew this, this investment would trade extremely close to long term yields, or the risk free rate. Obviously a company like this doesnā€™t exist, but there are several companies that have consistent net income, even during bad times, although almost no revenue growth. + +A great example is $KO. Coke trades currently at a 27 PE, and even with inflation their earnings have been flat over the past decade. It is very likely you will see flat earnings over the next decade as well. At a 27 PE and almost flat net income, you should expect a little less than a 4% return on your money, as the company can buy back a little under 4% of its shares or issue close to a 4% dividend. This makes sense, as the risk free rate now is around 3%, meaning your making 1% more, for a little more risk. + +The issue is when these yields rise. With inflation running hot, it is likely that these yields will only get higher for the foreseeable future. If yields start paying 4%, it becomes ridiculous to take any risk of lower net income with $KO, meaning massive compression in its P/E. Where this settles is impossible to tell though. At a 20 P/E, almost a 30% drop from here, you would only get a 5% return while taking risk, is this worth it when the risk free rate is 4%? This means a 100 BPS move in yields could easily drop $KO and other traditional value plays 30-40%, and this assumes yields top out at 4%. The risk is obviously still there with any growth companies, but Iā€™d argue itā€™s less for them after the already big drops. +How hedge fund citadel and others manages to keep the price of #gme at $25 even tho we buy from Computershare directly or through IEX? + Are they increasing their shorting according so the result is same #GME price? +How they don't get out of resources? Are everyone like brokers etc helping them, what for? +ASKO seemed to be an interesting investment imo. Now after the launch, the thing went down to hell, new website is trash and the price can't get higher because people are selling all they have as soon as it hits .15$. Any ideas on what happened ? Any of you confident in holding ? +I read **The ABCs of Real Estate Investing** by Ken McElroy and one of the things he talks about for MFH is to actually VERIFY the rental income of the property regardless if the seller discloses the current income. He talks verifying via a **Pro Forma** document. + +1. Will sellers share this information if I ask them about it? +2. If the seller does not share information, how can I determine if the tenant is actually paying the rent that is being advertised? What about expenses that happened the past year? +3. Is it common for people to fluff rental numbers for MFH? If so, what's the best way to approach MFH with tenants paying rent? + My mother bought a house with her then boyfriend on 12/25/2005, She paid 40k and he paid 20k of the down payment. They split the mortgage 50/50 until my brother moved in and then mom paid 1100 and boyfriend paid 700. He paid for a well repair in 2006. In 2008 he left and stopped paying anything. He has not paid a dime since. Mom has paid all the mortgage and also paid to repair the well again in 2018. Also a new roof. They are both listed on the deed as UI. Now the house is worth 500k and she wants to sell but her ex boyfriend is no contact. Is there any way to get him off the deed? Or at least make sure his half of the mortgage payments are taken from his share of the sale? +Hi all. I've been seeing RV campgrounds as an investment vehicle more and more. They are listed in my MLS, I stay in them as a tourist. **Wondering if anybody here is experienced investing in and/or owning them and what their experience has been like?** + +For example, I recently stayed at a campground that had maybe 2 acres total, but prime location- facing the sea. Expensive little beach town in Alaska, lowest hotel rate off-season $200/night. In comparison, this campground charged $65/night. 85 campsites total, all with full water/electricity hookups. 8 (impeccable) full bathrooms on site. During the summers, in full season, I wouldn't be surprised that park is fully booked for 4 months straight. Even at 80% occupancy, we'd be looking at: + +$65 per night/per campsite\*85 spots \* 80% occupancy = \~$4,500/day or $130k/month. Multiply that times 4 hot months of the year, and you've got yourself a killer business. + +So, what am I missing here? Are the utility bills for 85 RVs through the roof? Is the problem the occupancy rate (80% is too generous), or is buying in the right location the bottle neck? Is it the crowd you get? Or the fact you'd have to employ at least 1 person full time and subtract their salary? Why isn't everyone doing this? + +Thanks investing fam. <3 +Iā€™m planning to buy on my own in 2-3 years time. I want a six figure deposit and some more time to grow salary and just enjoy life. I Feel like thereā€™s pressure to buy around here lol. + +Anyone else chilaxing and saving? Be interested to hear how others are getting on. +Hi All, so I was searching through the SEC website, like I always do while I have my coffee. + +A 8k filing cought my eyes (won't link as it refers another ticker and we want to stay focused on our beloved stock): + +[\\" we have updates to much of that data, every day \\" and they seem to have pretty good stats on that](https://preview.redd.it/czfzbomvude81.png?width=694&format=png&auto=webp&s=289fa6fbcff6c84b7aeb1e33b248d0c4728ee005) + +Okay, what is **NOBO-OBO?** + +**Investopedia**: [https://www.investopedia.com/terms/n/nobo.asp](https://www.investopedia.com/terms/n/nobo.asp) + +>A non-objecting beneficial owner (NOBO) is a [beneficial owner](https://www.investopedia.com/terms/b/beneficialowner.asp) of a company who gives permission to a [financial intermediary](https://www.investopedia.com/terms/f/financialintermediary.asp) to release their name and address to the companies or issuers in which they have bought securities. This allows companies to contact the beneficial owner directly with various communication related to the business. However, the SEC still maintains that beneficial owners should be contacted via an intermediary, such as a broker, for proxy materials. + +This tells me that whatever shares we have left in our brokers and even those in CS, should be registered as NOBO and a call to the broker should confirm that. + +>Arguments For and Against a Non-Objecting Beneficial Owner (NOBO) +> +>Different financial players in the industry have varying reasons to support or object against the SEC rules of objecting and non-objecting beneficial owner status. **Companies argue against having a distinction and believe that they should be allowed to freely send communication directly to shareholders.** They believe that having direct communication would reduce costs and allow for increased participation in the company by the shareholders. +> +>**Banks and brokers, on the other hand, prefer to maintain the distinction between beneficial owners. They are interested in keeping their customer lists private, maintaining the fee income generated through forwarding proxy materials, and protecting stock loan revenue.** + +**Computershare**: [https://www.computershare.com/ca/en/eguide-planning-nobo-obo-distribution](https://www.computershare.com/ca/en/eguide-planning-nobo-obo-distribution) + +That's where I think we need some bigger brains. + +**Computershare**: [https://www.computershare.com/ca/en/Pages/eguide-planning-nobo-list.aspx](https://www.computershare.com/ca/en/Pages/eguide-planning-nobo-list.aspx) + +>If we do not perform the NOBO mailing, as an Issuer, you can request a NOBO list from the intermediaries by completing the [Undertaking Form ā€‹](https://www.computershare.com/ca/en/Documents/F9_Undertaking.pdf)Ā and providing it to Computershare.ā€‹ + +Do I read this correctly that any shareholder could fill in this form: [https://www.computershare.com/ca/en/Documents/F9\_Undertaking.pdf](https://www.computershare.com/ca/en/Documents/F9_Undertaking.pdf) and submit it to Computershare to get the NOBO list of shareholders? I'd fill it and submit it, but don't know where to submit it. and if a phonecall to CS is required.... might get expensive from eastern europe so maybe someone in the US could give CS a call and ask about this? + +Another nice part in that 8k filling: + +[companies triyng to protect their shareholders you say? ](https://preview.redd.it/mtolmzy7yde81.png?width=676&format=png&auto=webp&s=88a841fca0136dc49cad9465a975e7ee489e73bb) + +Anyway, in other news, remember GME moved to SPDR S&P MIDCAP 400 (MDY)? As of 09/30/2021 there are 543789 shares in this ETF: [https://www.sec.gov/Archives/edgar/data/0000936958/000119312522019586/d261002d485bpos.htm](https://www.sec.gov/Archives/edgar/data/0000936958/000119312522019586/d261002d485bpos.htm) + +&#x200B; + +Edit1: for the more wrinkled. I also found this document: [https://www.ici.org/system/files/2021-09/obonobowg.pdf](https://www.ici.org/system/files/2021-09/obonobowg.pdf) There seem to be a lot of computershare people on the board of the OBO/NOBO Working Group. I'm still reading the doc myself and will add here if I find something interesting. + +Edit2: found this statement from Broadridge in the document (exhibit #3): + +https://preview.redd.it/8jpzfew4dee81.png?width=564&format=png&auto=webp&s=12aaeb3559f10b1a78b9991606c5ba30c9ac88a2 + +Then I went to read over robingthehood TOS: + +[This seems to be the place where you give your NOBO consent with added \\"and any otherparties\\"](https://preview.redd.it/1f76cg7ddee81.png?width=669&format=png&auto=webp&s=193b12b98ce0ac067d6aeb09343af16b9ac092b2) + +My guess, an it's purely my guess, brokers took advantage of the NOBO default rule and added otherparties to their TOS and that's how shitadel & co have access to our trades and positions. For this to confirm, other brokers TOS should be checked (IBKR, Fidelity, DriveWealth etc) for this NOBO consent but I don't have the time right now. If anyone wants to help, please do. + +Edit 3: Ii did find this post: [https://www.reddit.com/r/Superstonk/comments/nptiio/gamestop\_shareholder\_list\_the\_final\_catalyst/](https://www.reddit.com/r/Superstonk/comments/nptiio/gamestop_shareholder_list_the_final_catalyst/) by u/ajquick referring OBO and NOBO. Although he states that "Most individuals fall under the OBO category. ", the PDF document linked in edit 1 states: "Current industry data indicates that the substantial majority of retail investors (76%) are classified as NOBOs and the substantial majority of institutional investors (72%) are classified as OBOs. The high level of retail NOBO accounts can likely be attributed to the default standard. " + +&#x200B; +The definition of back testing iiuc is testing historical data. So if I withhold the last month's data during training and only use it in the final evaluation, it is technically equivalent to just doing the same thing by waiting for an extra month of data, right? Is there something I'm missing? Isn't back testing only bad if one falls for the temptation of using test data for validation or training? +Hello currently I am using python to create pricing models and ML. However, my expierience with Python is quite brief. I only know basic syntax however I have coded a bit in highschool. If I were to hop right into pricing models and ML in python, would it be possible to gauge a full understanding ( going online to check syntax whenever I don't understand whats going on), rather than having to learn the language bottom up. +Iā€™m studying CS in college and I have experience manually trading options contracts and Iā€™m looking into getting started on algorithm trading + +I was wondering if algorithmic options trading is more difficult than just buying/selling shares + +Any thoughts/opinions would be appreciated, im trying to figure out if Iā€™m gonna do options contracts or just shares. Thank you everyone !! +I've been working on a stock price prediction system built around a Keras neural network consisting of one LSTM layer, and a single unit Dense output layer. + + I train it on the daily open, close, high, and low prices for 4 consecutive days, then I have it predict day 5. + +[Sometimes its output looks promising](http://imgur.com/a/8ySQn) + +Other times the graph pattern looks great, but it's shifted [downward](http://imgur.com/a/pMzRo) or [upward](https://imgur.com/a/AcFDJ) + + + +Does anyone have any idea why I might be seeing inconsistency? Any suggestions for improvement? Thank you +I know just the barebones about investing and trading. I made about a $150 profit about this time last year when I first tried; now Iā€™m back with $1,000 and trying to not go broke. Iā€™ve been trolling here, r/wallstreetbets and r/options. Anyone please help +It will be evenly distributed + +The volatility will be too low + +More importantly it will provide some breathing space for bitcoin's development +- Segwit adoption +- Lightning Network + +More importantly most of the guys who are in for just making money overnight will be out of the system. +Source: https://www.toppanmerrill.com/glossary/one-hundred-forty-four-sec-form/ + + +Itā€™s potential intent to sell, not any official transaction. He can also not choose to sell and fill out another form within 90 days. + + +*Edit Iā€™ve done some more digging and hereā€™s what Iā€™ve found. I think heā€™s filed this because heā€™s recently been changed from an institutional investor to an insider, and thus as an insider he has to file this form in order to maintain the ability to sell when he wants. + + +Insider status source: https://bedbathandbeyond.gcs-web.com/static-files/52e1b74d-de71-4866-ab9d-b8e7b5c35d52 + + +This is why we didnā€™t see a form 144 from the institutional investor, FCM holdings, who dumped earlier this week. + +*2nd edit in case you smooth brains need more reassurance. + +Definition of an insider includes an individual who owns more than 10%. Source: https://www.investopedia.com/terms/i/insider.asp + + +Despite owning the same amount of shares, the float decreased which is why he had to file again to show a greater than 10% stake, and then file a form 144 to have the ability sell since he is considered an insider at that position. + +Another Alternate source stating that the purpose of 144 is for insiders: +https://washingtonservice.com/insights/form-144-filings/ + +*last edit: Ryan Cohen bought in with a vision. He struck a deal to get 3 board seats and promptly kicked out the deadbeat CEO tritton. If he were this paper handy, he wouldā€™ve never been as successful as heā€™s become. And then you have his meme tweet about the bbbyā€™s ladyā€™s cart being full lol. Stay strong my friends. +**Many retail investors assume that if there is ONE SHARE exchanged at $10,000,000 then that price will be set as the Market Price. THIS IS WRONG!** + +The current market rules for setting the NBBO require that trades be in ROUND LOTS. + +https://preview.redd.it/uiryz9j6ch071.png?width=437&format=png&auto=webp&s=bd7a63c61ae57dd13c7c1023cc23b8b8e7415c03 + +This means if there is not a trade executed at 100 x GME then that is not setting a new price! Similarly if you want to drop the price you trade in a bunch of 100 blocks. + +Your single trades, unless aggregated by a broker or market maker, will NOT move the needle unless many other people are buying at the same price at the same time. + +I stumbled on this after seeing this post by u\\Xandrul01 about limit orders: + +&#x200B; + +https://preview.redd.it/oxjki8bx7h071.png?width=624&format=png&auto=webp&s=7482cd3d3686cd0b1b4e84867306b3006e59f152 + +"Small orders can possibly not trade on limits the market just touches the price because **odd lots ( less than 100 shares ) are not protected under rule NMS."** + +What is rule NMS: + +" **Reg NMS is a set of rules that defines how trading works in the U.S. for all listed stocks**. + +As automated trading increased, NMS ushered in a new era of competition in trading and introduced a Ā Ā number of important **protections for investors.** + +In 1994, following the introduction of the Unlisted Trading Privileges Act, or [UTP](https://www.congress.gov/bill/103rd-congress/house-bill/4535/text), stocks were allowed to trade on any venue. That meant the primary listing exchange was no longer the only exchange on which a ticker could trade. + +Reg NMS also mandated market-wide cross-connectivity, allowing for a competitive and distributed market. Then the centrality of the SIP ensured that all participants **knew where and what price** the **best bid and offer** for each stock was at all times. + +NMS also prohibited trade-throughs and crossed markets, ensuring that customer orders were **filled at the best prices available**, regardless of what exchange each stock is trading on." + +Source: [https://www.nasdaq.com/articles/reg-nms-dummies-2019-05-09](https://www.nasdaq.com/articles/reg-nms-dummies-2019-05-09) + +**TLDR: The NMS rule is VERY IMPORTANT in ensuring that a trade is executed at the BEST PRICE. However if a trade is TOO SMALL (less than 100 shares) then these protections do NOT apply!** + +**SUSPICION**: Since retail buying, especially for GME, includes a lot of 1 share buys, it's entirely possible these orders are NOT being filled at best execution. Market Makers and Brokers (like Robinhood) could theoretically very carefully slowly feed SMALL LOT ORDERS in darkpools at the WORST PRICE. + +This might explain how retail buying can be suppressed to NOT INFLUENCE the market price! It would take 100 share lots at a certain price to hit the ask to set a new NBBO (best market price). + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +**AS a stock price rises the ODD LOT PROBLEM becomes really bad, for example AMAZON, because their share price is so high that there are less and less 100 block orders.** + +source: [https://www.nasdaq.com/articles/nms-ii%3A-an-odd-solution-for-the-odd-lot-problem-2020-05-07](https://www.nasdaq.com/articles/nms-ii%3A-an-odd-solution-for-the-odd-lot-problem-2020-05-07) + +**"**[**Currently**](https://www.nasdaq.com/articles/reg-nms-dummies-2019-05-09)**, when you are trading, the SIP shows you an NBBO. Thatā€™s the best of the best buyer and seller regardless of which exchange theyā€™re waiting in, although it needs to be for at least a ā€œround lotā€ (usually 100 shares).** If youā€™re trying to capture spread, that round lot also ensures you have a ā€œprotectedā€ quote, meaning you wonā€™t miss fills if a large trade causes worse prices to trade at other venues (be ā€œtraded throughā€). Itā€™s also the same prices that Rule 605 uses to monitor investorsā€™ execution quality and protect them from bad fills. + +**However, the U.S. market has an ā€œ**[**odd lot problem**](https://www.nasdaq.com/articles/what-happens-in-an-odd-lot-world-2019-06-20)**.ā€ Thatā€™s because 100 shares of AMZN (for example), at over $200,000 not only qualifies for block size but is multiples larger than the average trade or best bid value. So what tends to happen is that algos and individual investors bid for smaller values of AMZN, creating an "insiders" market at better prices than the NBBO shows.** + +One problem with this is that investors and brokers using the SIP wonā€™t know that there are small buyers and sellers at slightly better prices in the market. + +But there is a good reason to have round lots in a stock like GE, where 100 shares represents around $700. Considering the average trade is around $7,000, the public, protected best-ex quote should represent enough shares to fill the average trade." + +**In short AS the stock price rises there are naturally MORE and MORE ODD LOT PROBLEMS:** + +&#x200B; + +[In short AS the stock price rises there are naturally MORE and MORE ODD LOT PROBLEMS. In GME this is compounded because you have retail that typically buy in small lots anyway and then you have the potential for GME shares to go to $10,000+. ](https://preview.redd.it/kdpqvsn4ah071.png?width=813&format=png&auto=webp&s=c825c26b8ebee18648b115ae02b35948b165dd14) + +&#x200B; + +&#x200B; + +[THE SEC realized this is not always an efficient solution for traders, so they proposed to change how Round Lots are determined and can set the NBBO](https://preview.redd.it/vkx82az9ah071.png?width=737&format=png&auto=webp&s=aa1b3311e458dadb716609d87acf61efd7044d3f) + +TLDR: SEC realized this is not efficient as there may be buyers who want to buy 10 shares of Amazon at $22,000 (current price $20,000) and since it is less than 100 round lots it would not set a new NBBO. This also works vice versa for a lower price. + +**NEW SEC PROPOSAL** + +The proposal results in an NBBO that has a more consistent value (green line in Chart 2).Ā [Our data](https://www.nasdaq.com/articles/why-intelligent-ticks-make-sense-2020-01-09)Ā suggests this will also significantly tighten displayed quotes for higher-priced stocks. However, there are three consequences that traders might not like: + +1. With the size of a round lot between $1,000 and $5,000 (for almost all stocks), the official NBBO might represent a smaller quote than almost all spread-crossing trades that will be benchmarked against it. +2. **Itā€™s possible that a stock like AMZN could be BID and OFFERED for one share at a one-cent spread. Thatā€™s not the kind of size or spread capture that many think is good for liquidity and price discovery.** +3. There are still odd lots. + +**HOW OTHER MARKETS SOLVE THE PROBLEM:** + +**"In other developed markets, the solution to the odd lot problem has been to eliminate the distinction between round lots and odd lots.** + +**Allowing trades in any whole number of shares in turn makes all quotes equal. It also ensures that the true best bid and offer is displayed for all to see.** + +The downside, asĀ [weā€™ve noted before](https://www.nasdaq.com/articles/a-data-driven-intelligent-ticks-proposal-2020-01-23), is that nobody wants to be benchmarked against one-share quotes." + +**TLDR:** Other markets allow price discovery to just function like supply and demand. If there is a single trader willing to sell at $1,000 and a single trader willing to buy at $1,000 then that can be the latest Market Price! If other traders feel that is over or undervalued they will quickly submit their bids and the market will naturally find the best price. + +**The current system means that whomever can trade in 100 share blocks can influence the price significantly! Your one share lots TOTALLY DON'T MATTER unless a broker or market maker decided to group them together, but they can abuse when and when they may not want to group!** + +The SEC rule that created this new NMS II proposal seems to be this one: [https://www.sec.gov/rules/proposed/2020/34-90019.pdf](https://www.sec.gov/rules/proposed/2020/34-90019.pdf) + +It was proposed in September 2020 and it was never implemented (I could not find any confirmation it was ever executed, it seems to just have remained in comment phase forever). + +**TLDR:** Round Lots basically give more power to trades grouped in 100 share lots to set the price (up or down). A single trade for a single share will NOT do anything and NOT set the NBBO. + +Lots less than 100 shares are called ODD lots. ODD lots are not protected by NSM rule which ensures they are executed at the best price. This might be an opportunity for brokers and market makers to execute retail orders slowly in odd lots and give a worse execution and or reduce the impact of retail orders on price! + +ODD lots are a big problem, for example in AMAZON where the share price is $20,000. You would have to have a trade $20,000 \* 100 in order to move the new price, which means there are a lot of individual trades that could improve the price discovery but they don't. + +The SEC proposed a change called NSM II in September 2020 which would give more power to smaller lot orders to influence price, but it was never implemented. + +Other market economies do away with lots entirely- allowing a single share at any price to determine the best market price. Where there is a buyer and a seller= market price. Makes sense to me! + +&#x200B; + +**IMPLICATIONS:** + +I suspect that small order lots could be used to manipulate the price. By simply executing retail orders slowly in small odd lots these orders are NOT protected by the NSM rule and it could mean that a market maker could skim the difference. + +More importantly this does mean that retail orders, which are naturally for fewer shares, do not impact the price as they should. + +This also means that in the event of the GME price surging to incredible levels it will take 100 order lots at the same price in order to move the price up. + +This whole idea is VERY complex and I am not a financial expert. It's entirely possible I'm simplifying this too much or not fully understanding how individual trades could still be grouped or executed. Still the fact that the SEC sees this as a price discovery problem that needs fixing and the fact they're taking to long likely means it's very complex and the establishment probably does not want to change this. I think this is worth researching and would love for more apes to join the quest of how truly price is determined and how price can be manipulated through these different mechanisms! + +&#x200B; + +>**" A better solution involves a market where all orders count equally, and the lit quote is as competitive and inclusive as possible, while also ensuring spreads are deep enough to fill most orders. "**\-Source: [https://www.tradersmagazine.com/am/nms-ii-doesnt-fix-the-odd-lot-problem/](https://www.tradersmagazine.com/am/nms-ii-doesnt-fix-the-odd-lot-problem/) + +EDIT 1: We are SO LUCKY to have amazing Honorable Gentlemen like u/dlauer in this community. + + +As per his comment: "So this is all accurate, with a caveat. It doesn't mean that an odd lot order can be executed outside of the NBBO. It means that an odd lot cannot help to **set** the NBBO. " + +**SPECULATION:** Does this mean that AFTER the PEAK of MOASS... If APES sold VERY MINIMAL QUANTITIES in ODD LOTS then these sells would NOT affect/set/lower the NBBO? This disadvantage for odd lots not setting a price HIGHER could prove to be an advantage for not setting it LOWER... + +&#x200B; +Hello everyone, i am not sure if this is the correct subreddit but iā€˜ll ask nontheless. + +I am 29 years old and have around 60k in savings. I earn nearly 3k a month an my only expenses are rent and basic living costs. Hopefully i will earn more in the coming years... + +I am looking now into buying my first appartement to get out of renting a place. I live in a very expensive part in central europe and most small appartements here (50-70 sq m.) Cost around 250k - 350k. + +Is that doable with my income and a loan? I hope to get maybe some money from my family but i wonā€˜t reliy on that just yet. + +A am not really informed in these things so please bare with me if this is a stupid question:) +Becoming a freelancer is not possible because I would need several sources of income. + +I looked into payroll companies, but they seem to help companies wanting to have a presence in Germany, which is not the case. +Hey guys, I have posted my first post here about a week ago and I have got a lot of useful information. I took about 7-10 days to do a lot of research and think about it and I made few decisions. As I am still new to investing, I just wanted opinon of guys who are much more expirienced and have much better insight than I do. + +Backround: **Vienna, Austria, 21 years old, 1250 euros salary - savings rate 50% - about 600 euros. Want to invest mid to long term (10-25 years)**. + +My decisions: + +1. **Broker - I will use Flatex** since it take care of my tax for me. Anyone got any problem using Flatex please let me know. +2. **Investing plan - 500 euros per month into iShares S&P 500 EUR Hedged UCITS ETF ( IE00B3ZW0K18)**. This is the part I am most courios on your opinon. I have done my research and I could not find anything bad about this ETF. All of other are in dollars,since this one is in euros it made my decision a lot easier. One of the better advices I have heard has been: Invest into what your know. Since I have moved to Austria just 12 months ago, I am not yet expert on EU stock market. On the other hand - I know S&P 500 pretty damn well. **If you think the MSCI World and EM are better options,please let me know down in the comments - I want to learn.** + +One more thing, most things I know about investing are from American books / youtubers. If someone knows some good alternatives for Europe,let me know. I started following Finanzfluss lately and he seems okay. Any investors from Austria got any good resources of knowledge for dealing with Finanzamt? + + **Thanks a lot in advance!** +Hi, just about to open a DEGIRO account. I am going to be investing in etfā€™s and buying the occasional share. Just looking for advice really...ā€™ā€™basic or custody accountā€™ā€™. Any help or advice would be welcomed. +Hello everyone. +Married couple here.We work abroad and able to save around 1500ā‚¬ monthly. +We invest monthly half of the savings in VWCE and half goes to our saving account for buying an apartment. + +Now we decided that in 2 years we return home and next summer we might want to buy the apartment back home in Eastern Europe( cash) and I was wondering if I should put all the savings until then into the apartment fund, and not investing, or should I continue investing and saving, then taking money from the investments( and having to pay taxes, market might be down, etc) + +Help with an advice. + +Ps: We have also some sort of pension plan from employer where we put 6% from salary and the employer match it, so we still invest something monthly, apart from saving. +I have an account with Interactive Brokers through an intermediary broker (the latter is needed as my account is in a tax wrapper which is not directly supported by IB). + +The intermediary broker has made it impossible to trade in non-UCITs ETFs like TQQQ. + +I heard that this restriction can be circumvented by using options or futures. Has anyone done this? If yes, can you share your experience and explain the potential issues? + +P.S. I am aware that there are European "equivalents" to TQQQ but I don't want to use them. +Hey, since I have no clue about how the taxes for ETFs in Austria work, I wanted to ask you if you have any idea. + +My main questions are, when do I have to pay taxes and what is the difference between accumulating/distributing concerning taxes in Austria? + +Edit: I have an account at Degiro +My question is simple: should I include the emergency fund when analyzing the distribution of my portfolio? + +For example, if my money is distributed as follows: +- Emergency Fund (Cash) - ā‚¬ 5,000 +- Stocks - 3,000 ā‚¬ +- Bonds - ā‚¬ 1,000 +- P2P Lending - 900 ā‚¬ +- Bitcoin - 100 ā‚¬ + +If I count on the emergency fund then my asset allocation will be as follows: +- Cash - 50% +- Stocks - 30% +- Bonds - 10% +- P2P - 9% +- BTC - 1% + +If I don't count on the emergency fund it would look like this: +- Stocks - 60% +- Bonds - 20% +- P2P - 18% +- BTC - 18% + +Which one is the correct analysis in your opinion? +Hello guys, + +The most widely used portfolio in US is VTI, VXUS and BND. It covers, US, the whole word, and US bonds. Allocation between these 3 ETFs varies according to the age and what annual % the investor is looking for. + +But anyway, since we are now unavailable to trade these ETFs due to EU regulations, how do you manage to bypass this? + +What are some alternative portfolio models or ETFs that would perform very close or similar? + +Cheers +Hello I have a question on optimal saving strategy including iShares Core MSCI World (acc), building house with bank loan. + +My details: + +31M; 1800ā‚¬ salary; saving rate 42%. + +I've recently started to invest into iShares Core MSCI World (acc), I contribute every month \~ 171ā‚¬ (3 units of ETF). I save also \~600ā‚¬ on my bank account for a house. I've saved 11kā‚¬. + +My projection is that I will need to take about 40k-50kā‚¬ bank loan for a house in aprox. 2 years(I will get inheritance money along with government help). + +My question is what is more optimal for me, to save more cash to be able to request for lower loan or invest more in world ETF? Think I need to consider are future bank interest rate (fixed IR currently \~ 2.8-3.5%), tax on capital gains (25% if i take money out in 0-5 years). Is it wise to stop with investing and instead just save 770ā‚¬ in bank account? Or to be involved in ETF's investing with small sum like now (171ā‚¬) and save in bank account the rest? + +Thanks a lot! +Hi everbody! + +After some months of reading stuff online and getting into budgeting and personal finance, I've decided it's time for me to build up a portfolio. I want to make sure that I don't do anything stupid right away so I would like to read some advice from people who are more experienced than me. + +The amount of money that I'm willing to invest on a monthly basis is somewhere around ā‚¬200-ā‚¬300. +I haven't chosen a broker yet but since DEGIRO is not available in Romania, I guess I'll have to go with another option. I've been looking at Interactive Brokers. + +I intend to buy shares in 3 ETFs: one for worldwide exposure, one for emerging markets, and one for bonds. +There are some questions I would like to ask: + +1. For the first ETF I was thinking of **iShares MSCI World EUR Hedged UCITS ETF Acc**. Is this an OK one? +2. Should I choose **iShares MSCI EM UCITS ETF USD Acc** or **iShares Core MSCI EM IMI UCITS ETF** for the second one? +3. I haven't decided on a bonds ETF yet. Are all of them distributing? I would like to find an accumulating one so I wouldn't have to worry about income tax. + +4. Would Interactive Brokers be suitable for me or is there a better alternative? +5. Some ETFs are listed on multiple markets (for example, **iShares MSCI World EUR Hedged UCITS ETF Acc** is listed on both Borsa Italiana / Euronext NL Stocks). Are there things to consider when buying on one stock market of another? + +^If ^you ^made ^it ^this ^far, ^all ^I ^have ^to ^say ^is ^'thank ^you ^for ^reading ^my ^post!' ^:) +^ +As per title, my strategy is pretty much a monthly buy of the two above for a long time frame (I would like to FIRE in 20 years circa) . +I think I should be quite safe and covered but still, anything you would advise to add. +If on the free list from DEGIRO even better +I was searching for an option to buy US Treasury Inflation-Protected Securities as an alternative to mine local equivalent (I am from Poland). From what I understand mine only option as non US citizen/resident is to buy ETF that is based on US TIPS and that is why I started eyeing IDTP ETF. + +Since US TIPS returns are based on inflation and they never produce a negative return, how is that possible that this ETF was down 6% between march 2022 - april 2022? To my understanding the least return possible yearly on that ETF should be around 1% (as the ETF fee is around 0.1%), as this is return rate that TIPS have in case of negative or 0% inflation. + +Additionally, is this ETF more risky in case of fund bankruptcy than ETF that is following global indexes like VWRA? To my understanding VWRA is buying all the stocks that the index is based on, is the IDTP doing the same? (So that it buys treasuries, am I going to own those treasuries in case of bankruptcy?) +I've been recently scooping info for mortgage loans and tl;dr, everybody is offering me 1.9 - 2.5% at local banks. I've heard from friends and read elsewhere that in some EU countries, interest is basically 0% for mortgage loans. How realistic is it to get a loan in another EU country to buy property not in said EU country ? Legally, I see no reasons why this wouldn't work, but practically, I doubt it's viable. + + +Anybody with knowledge that could chip in ? I'm in the Eurozone if it's relevant. +I use Degiro as per recommendation of this sub, but my friend just told me she's getting Trade Republic (I think for the 50ā‚¬ gift), and I wanted to know if anyone knows anything about this platform. + +Thank you! +We are not in a bubble. 1000+ PE ratios are sustainable. EV companies with $0 in revenue being worth 150bil is normal. Online pictures anybody can copy+paste being sold for millions is fine. Made up internet meme money making millionaires is expected. Real wages going down while stocks go up is perfectly expected for a developed economy. Chinese real estate developers defaulting left and right threatening to tank the No 2 economy wont effect us in any way. + +Everything is okay. Everything is good. +With Shitadel processing the majority of retail order flow in the U.S. theyā€™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 theyā€™ll utterly crush retail. +For a disclaimer this is too much for me to understand or wrap up fully but I want people to be up to date on what's happening, I'll be citing tweets and articles but if someone in the comments can provide more information about the situation it would be awesome. + +Ok, so first of all. What is GBTC? + +"GBTC (Grayscale Bitcoin Trust) is a Bitcoin fund launched by Grayscale in 2013 as a Bitcoin Investment Trust. GBTC allows investors to gain BTC exposure through a private trust that trades directly on the U.S. stock market. " + +How GBTC works, credits to @ lookonchain on twitter for explaining this: + +https://preview.redd.it/d157l5pvuv0a1.png?width=589&format=png&auto=webp&s=b8191fc415d084ced2b828ea5d920c1edc7cd177 + +[As of right now 1GBTC is $8,35 while bitcoin is trading at $16Ā 613](https://preview.redd.it/cxjdmkkiyv0a1.png?width=467&format=png&auto=webp&s=c3b89877190a9439a4565875f07cccf75aa9bdc5) + +As of recently after the FTX crash there has been concerns about Grayscale having to dissolve their Bitcoin trust: + +https://preview.redd.it/hxg8w77hvv0a1.png?width=571&format=png&auto=webp&s=7e95ba960247cf85b40520aa259ec3edeb979b4e + +https://preview.redd.it/hzsbsnf00w0a1.png?width=678&format=png&auto=webp&s=8c7ac89193c07b04a91850d3bd1d3b20125f55d9 + +The parent company DCG aka Digital Currency Group is now requesting a 1 billion emergency loan due to the recent Genesis situation + +https://preview.redd.it/n6d7n6q2wv0a1.png?width=601&format=png&auto=webp&s=7d45e857f2b172cf64995bc513e4bc9ceaac0977 + +https://preview.redd.it/1ojc7tc9yv0a1.png?width=589&format=png&auto=webp&s=35598345ef9c0e1b651d0bdf4fc4b0aaa1a1e197 + +One of the most concerning things about this is that GBTC is refusing to give proof of reserves information due to it being a "security concern": + +https://preview.redd.it/uedk0ykowv0a1.png?width=573&format=png&auto=webp&s=d966e67554d831779b477687a00d281cbad834ed + +The GBTC bitcoin fund is trading at a 40% discount right now like i said earlier, 1GBTC being $8.35 while bitcoin $16 613: + +https://preview.redd.it/pjoxelh1xv0a1.png?width=562&format=png&auto=webp&s=eb8b46a24cffc6f1d3e86af23a160637e124f030 + +https://preview.redd.it/78iehq60yv0a1.png?width=569&format=png&auto=webp&s=56ff4dbfdc560c7e06ed27ef96f659228af67ab6 + +https://preview.redd.it/mgsc9d5wzv0a1.png?width=735&format=png&auto=webp&s=aa5774eed1b03e41330c96eca68f90e30a607278 + +This could end horribly since they presumably hold over $10 billion worth of bitcoin. Let's just hope we get more clarification to what's happening with them over the upcoming days. + +&#x200B; + +Topping this off with an infographic too hard for me to understand about how they operate: + +[credits to @ statelayer on twitter for this](https://preview.redd.it/knjosyiozv0a1.png?width=490&format=png&auto=webp&s=a83ef8e06edd841da94b86a324057d09e0b69044) +I just don't understand how the "metaverse" won't just be a gimmick that is never widely adopted. I do not see how it can be more attractive than just regular video chats where you see the actual person. What am I missing? + +I've used VR headsets many many times and have owned one of my own...one of my biggest issues is that you get fatigued with that headset on your face pretty fast. It puts weight on your face, it makes you too warm, and my eyes get fatigued staring at that screen for an extended period of time. + +Furthermore, with a video chat, you see the actual person, not just some animated cartoony looking version of them. With a video chat, you see a person's subtle facial expressions, whereas the metaverse characters only pick up body movements and I don't see how they'd ever get to the point where they can pick up on every little facial expression that an actual video can pick up. + +I do think the metaverse can produce some really fun gaming opportunities, although I still feel they're a bit gimmicky. I have noticed that Mark Zuckerberg seems to focus primarily on the business application of the metaverse. I just don't understand how the metaverse can convince any significant number of businesses to buy metaverse equipment and get into the whole metaverse, when we already have video chat capabilities. + +I believe Zuckerberg is a smart guy, but I don't understand how going ALL IN on the metaverse can possibly be a good idea. Obviously there are other players in the metaverse space (not just Meta/Facebook), but Meta seems to the the furthest along and they're pouring billings of dollars into this. The thing is, I think the traditional Facebook businesses are a solid investment. Their "Reels" are growing very rapidly. 50% of the time people spend on facebook is on videos...a lot of that is Reels. 20% of time on Instagram is on Reels. They're fighting back well against Tiktok. But the fact that they've changed their name to Meta and they're going all in on the Metaverse makes it impossible for me to invest. + +Thoughts? Am I missing something? + +EDIT: Okay a bunch of you keep bringing up how the Internet was initially viewed as a fad, implying the metaverse is destined to explode like the Internet. That's just illogical...how many tech ideas have been absolute busts that you're just ignoring? This discussion is about coming up with theories or use cases as to what could attract a billion people to the metaverse. Don't just point and say "the Internet exploded!!!"...**create a discussion about what you think could make the metaverse explode like the Internet did. This whole discussion is supposed to be around theorizing use cases that could bring metaverse mainstream (i.e. to 1 billion users)** +AAPL is once again touching ATHs and as of writing is trading with a PE just shy of 29. + +It's hard to see AAPL moving much higher from here given the valuation and it's also hard to see the market moving much higher without AAPL. + +In March AAPL staged a similar recovery almost making new highs before selling off and making new lows. + +AAPL is a great company and while I feel it deserves a slight premium to the market I'm struggling to remain bullish given the current valuation. I'm also concerned that AAPL nearing ATHs could once again be signalling peak market bullishness. + +I sold half my position on Friday and I'm curious to hear what others are thinking about this stock and the recent bullishness we've seen in the tech stocks generally. +Yesterday I went to the bank to make a international wire transfer to Bitstamp. My account is with Bank of America. + +So I get there, have to wait 30 minutes to see a banker. Okay thats cool. + +I sit down, and tell him I have to do a international wire transfer. He tells me its going to be a $45 dollar fee (damn right, thats alot just to transfer money). I said okay and he started asking the information where the money is going. I tell him its going to Bitstamp Limited, and he asks which country the company is in and I tell him the UK. Then He asks for the bank info where the wire is going to and I tell him the info that Bitstamp gives you. The dude started tripping because they are banking in a different country and starts telling me this is really fishy to be banking in a different country blah blah. And I know Bitstamp is reputable and they aren't a scam but after I tell the guy "Well as long as my wire goes through I don't really care" he goes ahead and does it. + +It's like in banking you really have no privacy, some random stranger gets to see my whole account balance, and I feel like I have no control over my money. It's at that moment I realized how useful Bitcoin really is because with Bitcoin noone sees my account balance if they don't know my address, and I have control over my own money without having to deal with bankers and wait 45 minutes just to finish signing papers, giving my id, and talking to some random guy who is just a scrub working for a bank. + +$45 to send money, gotta wait like an hour just to send the money, gotta sign papers, show id, have some random guy look at your account. With Bitcoin its close to $0 fee, instant transaction, control over your own account, no paperwork, just so simple. + +God, I love Bitcoin. +My parents (75 and 70)took out a 50k loan at a good rate from a local credit union to consolidate their debt. They received the money in Nov 2020 but to date, every time they try and make the monthly payment, they are told by their bank that they will be given the loan money in 2-3 days. They have repeatedly tried to explain that they have received the money and now want to make payments, but every person theyā€™ve spoken to, over the phone at corporate, with tellers in person, the bank manager, the loan officer who processed their loan, tells them they canā€™t accept payment for a loan they havenā€™t paid out yet. They even gave my parents an $100 as an ā€œIā€™m sorryā€ for the loan being delayedā€¦a month after it was paid out! My parents are putting aside the monthly payments, but Iā€™m worried theyā€™ll end up being penalized in some away. Does anyone have any advice I can pass on? +VZ, STAG, PG, PFE, PEP, O, MSFT, DFS, CSCO, BMO, ABBV. + +This is purely a thought experiment to see where the communityā€™s at with these specific stocks in relation to each other. +Please talk me out of this or share your opinion on a better strategy. + +My dad offered to let me split a new investment property with him. It is a condo to be rented on a monthly basis. My parents have several of them in this community and they have been solid rentals (plus they bought most of theirs out of foreclosure for less than half of this unit's purchase price thus most of them have grown in re-sale value substantially). + +For ease of math let's call my buy-in $50,000. + +The unit will lease for at least $1,200 per month. + +We are paying cash so no mortgage. + +HOA, Insurance, Taxes, etc. 500/mo + +Thus, by my math, the best I can do without repairs and other expenses is a return of $350/mon. (as I would only own 1/2). + +In the alternative, + +If I spent the same amount on 2200 shares of QYLD, I would make $472.87/month. + +&#x200B; + +At the same time, I am already fully invested in the market. I would need to sell like $38,000 of other equities to raise funds to $50,000 with about half of that being Long Term Gains and the rest being newer low conviction buys or stocks I am down. Additionally, I am losing my confidence as a bull and am growing fearful of upcoming Fed action and how it will influence my net worth which is 100% in the stock market. + +TLDR: I have all my money in the stock market. I want to diversify into physical real estate because I am afraid of future Fed actions. The math tells me that I am better off staying in the market. But I would like to minimize some of my risk and I am mostly ignorant of the less obvious benefits of owning investment real estate. + +Nobody knows how this bull market will play out. Will we repeat the pattern of 2013 and 2017? Is this the supercycle to end all cycles? Are we in a bear market now? Who knows. But Personally I *think* it is going to play out similar to the past, with a blow-off-top followed by a long bearish period. + +I have a plan, and I'm sure I'm not the only one thinking about it (assuming we have a boom and bust cycle): + +1. Sell into stablecoins as near the peak as I can. +2. Park those stablecoins and earn interest on them for around a year or more. +3. Buy back during the bear market, using DCA. +4. Have more crypto. + +I was lying awake at night thinking about my plan too much because there are too many variables for my small brain to keep track of. I have one simple question to answer: + +How much bitcoin can I buy back if I sell at <peak price> and buy back at <post-peak price>? + +Which leads me to a whole host of variables, such as: + +\-What could the peak price be? + +\-How much of a drop from said peak could we see, 90% again? Only 50%? + +\-Based on the drop in price from the peak, what would the actual price be? + +\-How much of my holdings would I actually want to start selling, what if I sold all, or half? What would the difference be? + +\-What if I sell too early? What if I think for example I sell thinking $100k BTC is the top but the market continues to rally above $300k? Will I still be able to buy back more than I've sold? + +\-If I think for example BTC will reach $100k, at which price point do I start to sell? How much of a difference will that make? + +In my opinion, this bull cycle is a once in a lifetime opportunity to significantly increase my holdings and I do not want to mess it up and end up with less than what I started with. This is why I made this What-if Machine, essentially to see just how badly I have to misjudge the market to make a loss (in terms of what I hold) + +It was driving me a bit crazy so I made a calculator on google sheets to tell me what might happen given all the different variables. I've found it quite useful and it was fun to build, and I'd like to share it with the community: + +&#x200B; + +[https:\/\/docs.google.com\/spreadsheets\/d\/1Di14f8XLx8tAJKaMgoTdGt\_V5zhePYW1k1nqa8YmEIg\/edit?usp=sharing](https://preview.redd.it/dp40a8gybgl71.png?width=1844&format=png&auto=webp&s=11edf339d36541bb96f077a066a922d72601e713) + +I haven't made this editable, please make your own copy so you can try it out. Let me explain what we're looking at and how you can use it: + +The Idea is that you tweak the BLUE cells (if you edit anything other than the blue ones, it wonā€™t function properly) the blue cells on the left are the important ones, thatā€™s where you tweak your strategy to see what effect it will have. + +The calculator is divided into 4 sections, and you work from left to right. you need only edit the **BLUE CELLS** and all of the rest is automatic. I've included some instructions in the sheet but here I'll explain in a bit more depth. + +**The USER INPUTS section** + +**CHOOSE COIN:** There is a drop down menu to choose the coin you're working with. This doesn't change anything other than the dialogues throughout the sheet, so it doesn't really matter what you choose, it will work the same, just gives nice readable outputs. If the coin you're working with isn't listed, you can just type it in. I've just chosen the top 20-ish coins from coinmarketcap. + +**WHAT IF I SELL UP TO A PRICE OF:** This is basically the price that you think the coin can and will get to, your target peak sell price, sometimes I refer to this as the ā€˜speculated peakā€™. In the example image above, I'm planning for BTC to hit $150k at its peak, and that's where I want to set my highest sell order. + +**BUT IT ACTUALLY PEAKS AT:** Do not be fooled, you do not know, I do not know, and nobody knows what price BTC will actually peak at. This is your first real unknown variable. What if you sell your stack thinking $150k is the top but it just keeps going? $200k... $300k? This figure is what you can tweak to see just how badly you have to get it wrong before you're in danger town, and risk buying back less than what you started with. Youā€™ll be surprised just how wrong you have to get it ;) + +**START SELLING % FROM PEAK:** I don't know about you, but I plan on selling in increments up to my peak sell point, DCA in is important, just as it is to DCA out. This is a field that'll just make it easy to spread out your sell points based on the maximum speculated peak. For example if your maximum sell ('what if I sell up to a price of') point is $100k for simplicity, selecting 25% here will start sells at $75k, and selecting 50% will start it a $50k. Get it? If you want to just do it in one sell, you can set this to 0% or alternatively just have all the blue cells in the ā€˜sell calculatorā€™ section as 0 and only fill the top cell (I cover this later). + +**DEFI INTEREST APY%:** Once you've sold your stack into stablecoins, if you plan on parking them in some platform to earn interest, you can input the APY rate of the platform here, you'll see in the BUYBACK CALCULATOR section, the interest earned over a period of a maximum 2 years is broken down into yearly quarters. You may want to start buying back after 3 months, you may want to start buying back after 12 months, the calculator will help you see what that will mean, how much approximately in stablecoins that you'll have at that point. I need to emphasise the APPROXIMATELY here. The APY calculations are basic here. I calculate what 10% APY (for example) would earn over a year, and then divide that by 12, and then multiply by 3, 6, 9, etc. It will in no way be a true accurate prediction of earnings and you should consider this whole sheet a tool for a ballpark only, to help you sleep at night, and is absolutely not financial advice! + +**The SELL CALCULATOR section:** + +If you plan on selling only in one transaction, you can either set the aforementioned field to 0%, or you can leave all these cells as 0 and only enter a value for the top one. Personally I plan on selling in increments and weighting more towards the top end of my speculated peak. This section will show you what the price points would be for sell orders, and how much you'll bag at each price point, depending on how much coin you sell at said point. + +The bottom of this section will tell you the total amount of coins sold, what your average sell price is and how much in total you'll have in stablecoins after selling. + +**The BUYBACK CALCULATOR section:** + +This is where you get the bulk of your answer, in broad terms. At the top you'll see how much interest your stablecoins will have earned you each quarter (based on your APY% figure) and it will tell you what the price of the coin will be in the event of a 60, 70, 80, or 90% drop from its peak. Adjacent to this, you'll see how much coin you could buy back at this pricepoint, based on maximum stablecoin yield or zero stablecoin yield. The cool part about this section is it will turn red when you are in danger of making back less coin than you started with, which is the whole point of me making this thing in the first place. Try it out, put in a way higher figure between your two price predictions and see how badly you have to miss the mark before you make a loss. + +There is a broad range displayed at the bottom of this section to show on average how much you'll be looking at buying back. + +**The SUMMARY/FINETUNE section:** + +This was a later addition, this enables you to narrow down on some parameters to see a bit more accurately (Still very very approximate, this is not financial advice) You can tweak here how long you'll be earning interest at your defined rate, and you can enter a specific price for the coin, totally arbitrarily, and see how much you could buy at that price. + +\------- + +I have tried to make this as understandable and user friendly as possible. + +Make your own copy, have a play, this is in no way financial advice, I am not a mathematician and I am not a trader, I know nothing about finance, I just got a bit carried away making this and would like to share my work with the community :) + +Here's the link again if you missed it: + +[https://docs.google.com/spreadsheets/d/1Di14f8XLx8tAJKaMgoTdGt\_V5zhePYW1k1nqa8YmEIg/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1Di14f8XLx8tAJKaMgoTdGt_V5zhePYW1k1nqa8YmEIg/edit?usp=sharing) + + +EDIT: OK it seems about 80% of you haven't read the whole thing or opened up the tool. It is NOT a tool to predict market top. It is a tool to visualise just how badly you have to judge the top before you're at risk of making a loss (in crypto holdings) +EDIT 2: Yes taxes are very very important, pay your taxes! I will pay any taxable gains and so should you but this is not what this tool is for, it's not a tax calculator. +EDIT 3: No I don't have a crystal ball and I don't know when, of even if the market will have a blow off top. I have my expectations but I have no idea where the market is going. I just made this to get the numbers out of my brain. + + +Talk about your plays today or things you are on the lookout for. This is where you belong if your comment includes a ticker. + +*keep it civil please* +Earlier today a two-part post was made describing (in pictures lol) that the OTC ticker AABB was a scam, causing a massive selloff. At the same time these posts were made, 10-15 bear accounts raided the StockTwits message board spreading the same fear in a clearly coordinated and planned attack. + +Once the stock found a bottom, buy activity commenced, the bears vanished, and the reddit scam posts were removed. + +Reddit was taken advantage of, yet again, by the market makers and hedge funds causing many redditors to sell in panic and lose their money. + +I want to provide some counter points to the scam article, to explain a) why I believe this company is not a scam and b) why I believe this company is a solid investment. + +* They have fabricated financials and history. - NOT TRUE + +https://backend.otcmarkets.com/otcapi/company/financial-report/263765/content - September 2020 filings. Notice the securities counsel attesting to the validity of the filings. + +Securities Counsel + +Firm: Poole & Shaffery LLP +& Economics +Co. Ltd. +Asia Broadband Inc. - Quarterly Disclosure September 30, 2020 Page 21 of 22 +Address 1: 25350 Magic Mountain Parkway +Address 2: Santa Clarita, CA 91355 +Phone: (855) 997-7522 +Email: info@ pooleshaffery.com + +https://www.pooleshaffery.com/ - NOT A FAKE LAW FIRM, IN FACT QUITE REPUTABLE. + +Seems the are current actually, expect to see Q4 financials soon. Early in the history they reported losses - scammers reporting losses? makes no sense. + +* Why would a scam company commit publicly to an audit of all financials for uplist to OTCQB - if they in fact were a scam with fraudulent books? + +Public commitment PR: https://www.globenewswire.com/news-release/2021/02/04/2169953/0/en/Asia-Broadband-Updates-Auditor-Status-For-Uplist-Qualification.html + +Engaged firm https://www.turnerstone.com/ - NOT A FAKE ACCOUNTING FIRM, IN FACT QUITE REPUTABLE + +* The leadership team doesn't exist, fake people. Enter James Gilbert. + +https://www.linkedin.com/in/james-gilbert-btresourcesllc/ - speaks spanish, accomplished mining executive, wharton grad, currently a mining consultant "Providing strategy, management and financing/transaction consulting services to the mining and metals industry." + +Why is he not out there publicly? They mine in cartel territory in mexico, so leadership and the company wants to remain a bit closed lip to protect the privacy and safety of the team. Additionally, Chinese businesses are notoriously private. Do some DD here and you will see what is going on plain as day. IR company has stated exactly this to investors asking for access to leadership. (BTW Integrity Media is the IR firm http://www.integritymedia.com/ - NOT A FAKE IR FIRM, IN FACT QUITE REPUTABLE) + +* Stock photos/mine locations etc... + +This is a MINING company that has a crappy website - it's not uncommon for pennies to not have the greatest web presence, but it's ok bc they are MINING not web development. They have ack'd this and are in the process of fixing their web presence and the aabbgoldtoken.com website and asiametals. + +* They have no mines, it's all bullshit. - NOT TRUE + +PR: https://www.globenewswire.com/news-release/2021/01/14/2158624/0/en/AABB-Asia-Metals-Completes-82-Million-Sale-Of-Guerrero-Gold-Belt-Mine-And-Facilities-In-Mexico-To-Joint-Venture-Partner.html + +Corroborated by Mexican m&a activity report from another reputable investment bank - Seale and Associates on M&A activity in mexico. https://www.sealeassociates.com/ + +http://webcache.googleusercontent.com/search?q=cache:dTLBRe8j6xsJ:mnamexico.com/wp-content/uploads/2021/02/Reporte-Mensual-01-2021-ENG.pdf+&cd=2&hl=en&ct=clnk&gl=us + +>"Qiangda Investments & Economics & Co.,Ltd., a Chinese holding company that focuseson the mining sector, announced the >acquisition of an additional 50.0% stake in theGuerrero Gold Belt Mine and Facilities inMexico from Asia Metals Inc., an >Americanmining company, for US$82.0 million" + +* The coin is fake - there is no app. - NOT TRUE + +https://etherscan.io/address/0xb8635f02398f27297a58b2833e06bfb987b028d8 - the AABBG coin, note the testing transactions from yesterday per the PR from AABB in conjunction with CoreStateHoldings - the developer. + +https://www.globenewswire.com/news-release/2021/02/23/2180436/0/en/Asia-Broadband-Gold-Backed-Cryptocurrency-Token-Development-Update.html + +* Corestateholdings is fake or scammers. - NOT TRUE + +Really? +https://ptpwallet.com/ looks pretty legit. Ptpwallet is on android and ios. +They run https://cannasos.com/ - looks pretty legit. + +I don't see how you can call these guys fake- they looks like a development shop that would be contracted to help a miner launch crpyto. the coin is also proven real. + +* The coin isn't backed by gold - MISLEADING + +In an attempt to be transparent the company has listed the legal disclaimer with the coin - including language that says in effect the coin is not backed by hard assets or credit. This means that you cannot redeem the coin for gold (they won't send it to you) and you can't get FIAT credit for your token from AABB. This doesn't mean though that the currency is not itself backed by gold reserves already mined and to be mined. It just covers the legal stance that AABB isn't going to mail you gold if you buy the token. Seems pretty standard legalese to me. BTW bitcoin doesn't have similar disclosures, would love to see that transparency.... + +There is more DD we can get into here, but the core arguments made is that this company is a giant scam, and the evidence, corroboration disproves that thesis pretty substantially. + +The level of felony conspiracy and coordinated, flawless scam execution across multiple companies, law firms, IR firms, accounting firms with reputation on the line at this stage in the game is laughable if not tactically impossible to pull off. + +AABB has money, gold, increasing awareness, and many upcoming catalysts including audit/uplist, coin launch, future mine development, shareholder dividend prospects etc... where they lack in easily accessible transparency is made up in potential for giant gains here. + +Turns out, AABB looks as real as it gets in OTC land. Those who invested should do so knowing there is always risk, and do their own DD. Just don't get played so easily. + +Cheers. +Bitcoin seems to have shot past its $40k barrier in a matter of hours, and it is likely to continue considering how many people are shorting the market right now. Crypto hasn't yet lost its steam and it was dragged down by the stock market for the past few days. This has accumulated A LOT of shorters. + +[Short positions are extremely high](https://preview.redd.it/lx6hz6ct4vf81.jpg?width=1525&format=pjpg&auto=webp&s=3a4eec27f4f445c3f55ba4977521da9c6237463b) + +Just looking at this alone should give you a picture of what has been happening. There are a lot of people that are shorting the market right now, and a Bitcoin short squeeze is likely considering that whales have been eating up the weeks long selling pressure with huge purchases. + +# Short Squeeze Indications + +* **Substantial amount of buying pressure.** āœ… +* **RSI below 30 for an unnatural amount of time.** āœ… +* **Short interest way above 20%.** āœ… +* **Huge sudden uptick in price.** āœ… + +The market indications are suggesting a textbook short squeeze scenario for Bitcoin, and that might potentially reverse the Crypto market's trajectory. Remember, Bitcoin is already 10% up in a matter of a few hours. This means people shorting are at a loss and they will either have to sell at a loss or borrow more shares, driving up the price. + +**TLDR:** Bitcoin closed one of the biggest green candles in over a year, and it is most likely the beginning of a short squeeze due to an unusually large amount of people shorting the market. Moreover, surpassing 40k in a matter of hours just invalidated weeks of FUD. If this continues, investors will be looking at a bullish Crypto market and a bearish stock market which is possibly the best environment for another huge bull run. +Luna is killing it man up 65.71% since last week and breaking ATH after ATH even when the whole market is down, now sitting comfortably in the top 10. + +This run up seems kinda similar to that of Solana a few months ago, i could see it going up a few other places if all the planets align. + +If you haven't look into Luna yet i suggest you do, it's a great project with a very solid team, who are always doing their best to improve and usually listen to their community. + +This is not financial advice, just DYOR and enjoy the ride :) +Increasingly, it's becoming popular to bash the wealthy and affluent. Admittedly, my perspective is US-centric. But it seems to me that whereas our society used to celebrate ambition and financial success, we're starting to suspect it, even thinking it amoral. + +( Recent NY Times article echoing this sentiment: https://www.nytimes.com/2017/09/08/opinion/sunday/what-the-rich-wont-tell-you.html ) + +Does anyone here feel guilt for being well-off? Do you try to hide your wealth? + +Personally, I do not feel guilty. I worked hard to earn my savings. But I do feel that it'd turn some people against me if they knew what I had, and I've only talked about it with a few people. +Anyone here decide to live on the road for a bit? Did you decide on a fatfire van life option like an earth roamer, global expedition vehicle, unimog etc? Something cheaper like a kitted out sprinter? Or even more basic like a truck/suv with a pop up or tear drop? I'm guessing there must be some people here that like camping but upgraded, and curious what your set up is like! + +I'm considering this in the next few years. +Inspired by the [How much house is too much?](https://www.reddit.com/r/fatFIRE/comments/h9q54f/how_much_house_is_too_much/) thread. + +For those of you that have very big houses with lots of rooms, what have you turned the extra rooms into? Gym? Guest bedroom? Office? Home theatre? Storage space? Sauna? + +Which rooms are awesome and you spend tons of time in? + +Which rooms just sit empty and unused, requiring furniture and cleaning and giving no other benefit? +Are there people on this sub who love working but hate the politics of work? Or that love learning but hate the politics of the education system? + + +In my life, I have had one month between job contracts where I was not working formally. I felt horrible in this month. I saw people around me working and was envious. I felt like I was producing nothing. I also hated not having the social aspect of work. + + +Yet, I also become very frustrated with work politics. + + +Are there certain careers/industries that work well for people who enjoy working/producing but don't like being a part of a system? + + +I am very interested in FI/ER for the sake of independence, but I know that I could never fully stop producing. + + +I felt the same way about school; I always loved learning, hated the administration and bureaucracy. +After taking you fine peoples advice, Iā€™ve came forward to my boss about my paycheck being 16/hrs over. + +They told me they would NOT be taking it back (*^o^*) +**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. +**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. +[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/) + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 tradeā€“ then this is for you + +# šŸŸ£ [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# šŸ„¢ [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the ā€œCompanyā€) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Companyā€™s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# šŸ“ā€ā˜ ļø [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/) +Property development is where my mind wanders towards when I think about what I would like to do in the next ten years, both in terms of enjoying work and achieving fatFIRE. I'm \~40, entrepreneurial, have spent 20 years in IT and recently just can't stand spending most of my time at a desk and staring at the computer screen. I'm burnt out and it's not something temporary which might be solved by taking some time off or pivoting within the industry. It has been growing on me for years. I don't want to be miserable, I want to again enjoy what I do and I want to start doing something entirely different. Property development is not some impulse idea for me, I was interested in this for years. + +I think about starting with a small housing development of 6-8 small, affordable single-family houses in the suburbs and then increase scale if all goes well. I know I have a lot to learn before I start and I'm willing to invest my time in reading and talking to people. I also have two multi-day courses/seminars on my radar which look promising in acquiring know-how (and I'm going to take them both). + +I'm in a still developing and growing market (Poland). My area is HCOL relatively to the country, which is LCOL in general compared to the US or Western Europe. Average gross margin of property development companies here is 25%, with some companies exceeding 30%. Net margins (including office staff costs, etc) are \~20%. The most usual way of financing residential projects requires \~30% of own capital, usually spent at acquiring land, preparing the project and securing permissions, and then the bank financing kicks in. The rest is financed by bank loans and buyer payments. Homes and apartments are usually sold before the construction finishes and a significant part is sold even before the construction starts. Buyers deposit payments in escrow accounts and the bank releases money to the developer in tranches as the development reaches predetermined milestones (this is regulated by law here), so the loan is moderate and used mostly to fund progress between milestones (assuming you have good enough sales in early stages of the project). + +My understanding is that with 30% own funding, 20% net margin and 19% tax it means 0,2 \* 0,81 / 0,3 = 54% net return on capital within \~2 years of project lifespan (or 0,2 / 0,3 = 67% return if I reinvest in a new project, what I fully intend to do). That leaves a lot of room for errors for a beginner and promises a nice path to fatFIRE after learning on mistakes and not repeating them in further developments. I'm prepared to have 50% of own funding for my first project (up to 100% in the worst case scenario), as securing bank financing before I establish track of record might be difficult. + +I know that it will be harder to attract customers until I have completed developments to show (and this is why I want to start with small and affordable houses, as I think they attract customers who are less picky), but there is a promising franchise which might help with that (and not only that). They provide a complete project for nice, small, affordable houses which are selling well, plus some know-how and help for beginners. Most importantly, you can join a (small) group of small developers building this stuff around the country under a single brand, with several developments already completed, to appear larger than you really are. This of course lowers profits (I don't know the exact model, but I heard it's still reasonably profitable), but I think it might provide a good learning curve and be easier to start with. It should also help establishing credibility with both banks and customers. Once I have experience and track of record, I'll switch to be fully independent. + +Did anyone switch to property development mid-life (or not necessarily switch, just do this)? What were the biggest challenges which surprised you the most, which you did not anticipate and nobody told you about? What non-obvious things I should be careful about? What are important things or potential issues which I won't learn from books and at the courses? + +Does everything I wrote above and my thought process make sense? + +(I know that with possible economic crisis, which almost everyone expects soon, times might be hard for property sellers, but this is not something I will start doing actively tomorrow. I still have a lot of things to wrap up in what I do now and I need time to learn about the new industry before I start doing anything. I believe I will need 18-24 months for both these things, so if popular expectations about the crisis will come true, I might start at a good time to buy cheaper parcel/land and then sell homes in a market which will already start warming up again after the crisis) + +Thank you for all hints and opinions! + +Edit: It's hard to find mentors in Poland. Sadly, most people here tend to see everything as a zero-sum game and don't like to share knowledge or contacts. It's different in new technologies, and there is a lot of openness in IT, but the traditional industries are socially as closed and cagey as you can get. The best I could think of is to get hired at a small development company, but without experience in the industry I would get hired for a position with no access to inner workings of different areas. If I were open about my intentions, to work/intern on a level having access to all areas to learn the know-how, while offering the best of my skills for a year, most companies wouldn't hire me even if I offered a year of my work without compensation. There is some amount of mentoring included from a small company running the franchise I mentioned (and a 20h course, which is focused on very practical and hands-on approach), but I have no illusions of having a true mentorship from this. + +Edit 2: Thanks for awesome answers! My 6 to 8 homes planned development is actually a very small investment. I'm talking tiny 1000 sqft homes plus one-car garage (but with very useful and optimised layout), on 4000 sqft parcels. Homes in Europe are smaller than in the US and homes in Poland are smaller than European average. 1000 sqft is still very small, even for homes in Poland, but can be priced at the same level as 600 sqft apartments (which is the most popular size for apartments here) with no parking space and just a mile closer to the city. 1000 sqft home is a low-cost and attractive alternative for young families on a budget who are buying their first property and would like a small, enclosed lawn for their kids to play and few more sqft, but can't afford more than they would spend on a small apartment. It's kind of a trend here and it's relatively easy to sell. This is how I want to limit my risks at the beginning, with low scale and a easily(ish) sellable product, but I don't think anything smaller than 6 homes could be sold in this market. People here tend to either build on their own (hiring a general contractor) or buy from a development, and they don't consider anything smaller than four houses. Anything smaller and they find it an amateurish/private enterprise and generally avoid. +Hello + +I am aware of the usual personal finance sites like Bogleheads and Mr Money Mustache but I find they are still geared heavily towards frugal living, escaping the corporate world, etc. + +Nothing wrong with that, but is there a forum out there that leans more towards high-income related discussions, best ways to tweak your tax plans, wealth management etc? And where rational discussion of consuming 'non-frugal' items isn't frowned upon? +Eyerolls. Everytime you open your mouth eyerolls. Yet you never stop. Block this, block that, immutability, decentralisation etc etc. People don't want to be educated, they don't care and they don't have to. + +How many of you know how the internet works? Or electricity? Or even your phone? Yet you use each one everyday, they're staples you couldn't live without them. If you want to convince people about crypto you have to talk their language. Rather than teaching people how it all works teach them how it will change their lives. + +If you're talking bitcoin talk about no more ATM fees or currency conversions no more international transfer fees. If you're talking ethereum explain how it's money with rules embeded no middle men no convenience fees. Iota talk about cars booking and checking themselves into services, the sharing economy etc etc. + +Talk use cases I guarantee there'll be alot less eye rolling +I am not able to consistently make money scalping options. If I can't figure this out soon I'm done. + +I was hoping some of you out there wouldn't mind sharing what setups/indicators consistently work for you when scalping options. +I usually get up around an hour before the market eat and check premarket movers and gappers on my scanner. But Iā€™ve heard a lot of people say they get up wayyy earlier like 430-6am(EST). +What time do you all get up to prepare for the day? Whatā€™s the advantage of being up so early? +i'm 19 and i have zero debt. i currently am a waitor at a pretty nice restaurant. i make $30k/year which i feel like is a considerable amount for the little bills i have. i can potentially make up to $40k/year in my area serving. that is the highest that my friends make at nicer restaurants in the area. + +i pay about $800/month in expenses. $450 in rent and $350 in everything else from food to cell phone bill. i can save a fair amount of money right now, but i don't know how long it would take to save up 1 million at $30k-40k/year. + +should i go to college and try to get a higher paying job but come out with debt? or do you think i should grind in the industries that don't require higher education. if you could be 19 again what would you choose? + +all i know is when i'm 45 or 50 i want to be sitting on a beach working part time or not at all, and i have already started putting away as much money as i can. +https://www.nytimes.com/2022/09/29/opinion/esg-investing-responsibility.html?referringSource=articleShare + +Iā€™ve been using ESG funds (ESGV, VSGX, for example) and was disturbed to learn about how ESG funds are constructed as described in the linked article. Assuming the article is correct it seems that the label ESG for index funds is completely uncorrelated to responsible corporate governance. Surely there must be investment options that do in fact track a set of responsible companies. Any thoughts or recommendations for diversified investments that ensure + environmental/social responsibility of their stocks and donā€™t just track an unreliable rating service? I assume the expense ratio would be even higher, but I hate the idea of investing in fossil fuels, profiteering off of misinformation, etc. +None of this is my original findings just not seeing much on this sub about White Square that closed down from taking double digit losses from GME. + +You can read these articles for more details: +https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6 +https://www.barrons.com/articles/hedge-fund-closes-white-square-gamestop-losses-51624384451 + +/u/go_do_that_thing/ had this post that broke down their findings on who white square is. + +https://www.reddit.com/r/Superstonk/comments/o5jp6s/we_all_know_white_square_is_some_fud_but_heres/ +Original image here: https://i.redd.it/kkb1x3f2ms671.png + + +Some things from this post that caught my eye are: +1. They own 687k shares of GME (if my math is right thatā€™s where the 7% comes from in the title, ~~what does this mean with the current rules in place. They have to cover in the next few days from their margin call? Iā€™m a dumb ape)~~ **EDIT: Looks like /u/go_do_that_thing found they are long GME, so how did GME bust them? And what happens to their shares? They get sold all at once from margin call or does ownership and positions go to the parent company?** +2. All income derives from a parent company +3. Their address is also matching an identity in the panama papers +4. And this comment from u/taimpeng + +&amp;amp;amp;gt; So, Iā€™ve got a crazy theory.. Iā€™ve previously argued one way a big player wouldā€™ve prevented little guys from collapsing wouldā€™ve been to buy out their positions and take them on (at the last possible moment, because itā€™s un-ideal, but better than letting dominos fall). It might look like some big unexplained, collateralized, debts showing up on their books ā€¦ maybe done through Archegos-style total return swaps, against the short positions being held in shell companies: +&amp;amp;amp;gt; https://www.reddit.com/r/Superstonk/comments/o4ut4p/shitadel_buying_lots_of_iou_notes/ +&amp;amp;amp;gt; In which case closing off one of those debts might look a lot like White Squareā€¦ anyone able to poke holes in that idea? + +5. And u/DrGraffix reply https://www.reddit.com/r/Superstonk/comments/o5jp6s/we_all_know_white_square_is_some_fud_but_heres/h2nj72t?utm_source=share&amp;amp;amp;amp;utm_medium=web2x&amp;amp;amp;amp;context=3 + +&amp;amp;amp;gt; i firmly believe that this is what Point72 and Citadel did w/ Melvin Capital. I believe they took on their positions because is Melvin was margin called and had to close out their positions, it would have raised prices even more and the dominos would fall + +(This would means Plotkin wasn't lying when he said they'd closed their position. By "closed" he meant off-loaded to Citadel) + +Can we get some wrinkle brains on this? + +Edit: made edit to #1 + +Callouts from comments: +1. https://www.reddit.com/r/Superstonk/comments/o5z8vc/working_theory_the_shf_white_square_that_just/h2pk546/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf&amp;context=3 + > ; You can mislabel short positions as long. One of the tricks that they get a small fine for. + +> ; On November 13, 2020, FINRA fined Citadel Securities $180,000 for failing to mark 6.5Ā millionĀ equity trades as short sales. +Just wanted to put my thoughts out there before markets open for what it's worth. Full disclosure, I do own PLTR along with EV stocks outside of TSLA. They currently only make up less than 10% of my portfolio. + +The rally that we have seen this week has been impressive. I imagine for traders this was an incredible week and a lot of money was made. Hats off to you guys and cheers. I've learned that there are many ways to win on the market, and trading is certainly one of them. I'm not one to say that it's a horrible way to approach the markets just because it doesn't work or sit well with me. That said, for those who are interested in TRADING, this post may not apply as much to you. + +However, for those who are thinking about INVESTING. Please tread carefully. Ask yourself these questions + +1. Do you know what the company does / is hoping to achieve? +2. How does that sit with you? Do you agree with the company's goals? +3. What, if anything, would change your decision? What are factors that you believe will prevent the company from doing what it intends to do? +4. Given that you have a sense of the company's achievements, goals, and plans for the future, are you okay with paying what it's currently worth? + +At least take some time to answer some of these questions before moving forward. Similarly come up with a plan for investing your money. Establish how much you intend to put in the company (i.e. 300 dollars). If you are concerned that you are buying, for example, PLTR at its all time highs and that it will dip next week, start a position 1/3th position today and come up with a plan to invest the other 2/3 over the next two weeks. That way if it does dip, you catch some of the dip, but if it does continue to go up for two more weeks, you at least caught some of the initial price/gain. Either way, at least, by starting a 1/3rd position you can satisfy your FOMO and adjust your plan accordingly from there. + +At the end of the day, tread carefully. Take as much emotion out of the equation as possible. If your decision to invest is completely based on speculation, then acknowledge that and make sure even that is part of your plan. I generally encourage every investor to leave some room for spec. plays, but only to the extent that every dollar you invest is all accounted for. Remember the fundamental fact that by buying a company's stocks you are buying into that company. Trust me, there will always be more opportunities to make money in the markets. Right now it's PLTR. A few days ago it was everything EV, few months ago it was all BioTech, a few months before that it was chip stocks. + +Best of luck and may we all come out as winners in one way or another. +Goood Morning Superstonk! + +So unfortunately today I will have a power outage from around 10am - 2pm EDT (UTC-4) this is an estimate it may take a bit longer. I will be back and continue posting as soon as the power is back on I just wanted to let you guys know about the interruption. I may have the discord live audio going during that time if I can facilitate that. + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/oe8h49/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) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157 (previous ATM offering)**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, **225.20 (new ATM offering)** 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Well we ended slightly up un the day but that movement was robbed about 15 seconds into after-market trading either way a green close is a green close. Sorry there wasn't a lot to say today after we tested 190 the fifth time we were pretty flat. Looks like some gamma from puts is dragging us down along with the overall market. Thank you all again for the support I'll see you bright and early tomorrow. + +\- Gherkinit + +https://preview.redd.it/mwfy3iu4p1a71.png?width=710&format=png&auto=webp&s=278750d5d1cf30a7907496a4d64a9256b5f14bde + +Edit 6 1:53 + +So flat... + +https://preview.redd.it/15gz4e7021a71.png?width=1616&format=png&auto=webp&s=836c45cb5c83f42a785a3065ba2c864fb4a8cc20 + +Edit 5 12:29 + +Nice bullflag popped us through 190 but buy pressure slacked off so instead of a another breakout we are just in an ascending channel. Looks bullish going into the afternoon however. + +https://preview.redd.it/lkm6pdfym0a71.png?width=1622&format=png&auto=webp&s=13f86a2069fcd7b4454154103660e0b822745607 + +Edit 4 11:13 + +Good opportunity to break through 190 right now + +https://preview.redd.it/1i06vche90a71.png?width=1612&format=png&auto=webp&s=a62b960b723977deeb912a6ac7c2be475c8e7af7 + +Edit 3 10:52 + +Sideways under VWAP this is a good opportunity if bull side wants to break resistance. SPY chopping but still in a downtrend. + +https://preview.redd.it/3mv084cn50a71.png?width=1616&format=png&auto=webp&s=c7df4af381e2531e6cfdb4fb1ad8cfa2a96741d3 + +Edit 2 10:24 + +SPY dropping some more gme holding above VWAP after failed test of 190 + +https://preview.redd.it/ci7kre6m00a71.png?width=1626&format=png&auto=webp&s=9ce0c4baa880938082e2520f8d7d5f5a52516d1b + +Edit 1 9:51 + +I love watching apes hodl. GME holding really strong against outward market pressure + +https://preview.redd.it/00a6t6iquz971.png?width=1624&format=png&auto=webp&s=3aa9f6eeb0a44f59fc1f3cbc16c1ba6aeb8dd760 + +# Pre-Market + +400k shares were borrowed this morning at pre-market open so far 200k have been returned. We had a big gap down but pre-market volume is at the highest for this week (45k) we could see a bounce this morning but with the massive drop on the market it could be a red day. The market coming down like this is beneficial short term to the short positions as it drives interest elsewhere and it is easy to drop the price on low volume. Remember when fuckery is afoot hodl and enjoy the sale. + +[GME pre-market](https://preview.redd.it/hz2r0huigz971.png?width=1613&format=png&auto=webp&s=c72a1ad7600ef808345738e12c4154c1ad611c3d) + +The SPY is down 133 basis points in the pre-market today this is some not insignificant movement towards those corrections zones we discussed in the weekly. However this could bounce back quickly. + +[SPY pre-market](https://preview.redd.it/zy88lqmwgz971.png?width=1617&format=png&auto=webp&s=79673eb2f5df159730ad7e1348224a1c2b0902a3) + +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/) +[https://www.marketwatch.com/story/the-hidden-risk-hiding-in-your-sp-500-index-fund-2020-07-17](https://www.marketwatch.com/story/the-hidden-risk-hiding-in-your-sp-500-index-fund-2020-07-17) + +What do DIY indexers think of this? It's basically saying index funds (S&P 500 specifically) are fuelled by a few major tech stocks while everything else is mediocre. +Hey, anyone speak solar here ? I am getting some quotes to get a solar system installed at my place and torn between getting a 7.7 or 10 kw system. + +I am inclined towards 10 kw system as the cost difference isn't much. +Is there anything I should know in terms going for a higher capacity system. Like is there any disadvantage to it? + +May be in future when they start charging you for supplying power to grid ? + +Is it the case that its always good to go for higher capacity if you can. + +My quarterly bill is around 400 something + + +Thanks +Were not sure what to do but we have a few ideas. Our goal is to have $100k in savings by December and to take out a loan & purchase a home but were not sure how big of a loan to take out, where to purchase or whether or not to move in or rent it out. + +We currently live in western sydney with my family who are happy for us to stay there rent free as long as we need. We think we want to eventually live in the central coast (it's cheap and more relaxed than here), but not 100% sure yet, so were not sure whether or not to buy there and move in straight away. + +The other option we were thinking of is to buy a 300-400k house somewhere cheap in western sydney (mt druitt area) and rent it out until we figure out where we want to live permanently, so at least were in the market early and making some extra money as we both dont make crazy income (he makes under $40k, but looking to change jobs and I'm recently self employed as a personal trainer so money is up & down right now) + +Another bit of info (not sure if relevant) is that were going on a 2 week euro trip this year, so were looking at about 8-10k being spent for that total. + +Any advice is helpful, feel free to ask more questions as needed. +I want to see the best case scenarios of how many times coins have multiplied, what made them different, where they are now, etc. It's hard for me to judge since the max supply varies dramatically, and as far as I can see, there isn't some calculator where you can see how much a coin has multiplied between various date (and you just need to manually calculate it). + +So, what are some of the most successful moonshots? + +Also, what popular moonshots in here ended up being the worst? +You're in your late 20's, no college degree. Single. In OC California. 800k cash. You also have a house worth 600k and only owe 100k left on it. + +Goal is to make money. You want to work and generate good cashflow. + +My thinking is to buy an existing business. But what kind? It would need to be easy to run/learn. Laundromat? Vending route? Liquor store? + +Any other option? +[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/) + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 tradeā€“ then this is for you + +# šŸŸ£ [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# šŸ„¢ [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the ā€œCompanyā€) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Companyā€™s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# šŸ“ā€ā˜ ļø [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) + +So long story short - I (22M) used to have my own online business and last year was making pretty good money that I would never imagine making at my age. My best days I was bringing about 1k / day. + +But I wasnā€™t very smart with money - constantly buying things I didnā€™t need, spending it on restaurants and clothes - and expensive things I shouldnā€™t have been buying like ipads, tech, expensive car rides, etc. + +I was saving and investing also but it reached a point where my spendings were so high and I started pulling out from my investments. + +By march of this year, my business had stopped bringing any income and for about 3 months (until I found a job) - I kept living this lifestyle that was way above my means, so by about summer - I ended up with 0$ in my bank. + +Luckily I had a 9to5 job already and it brings enough to live. But for some reason - itā€™s been extremely hard to lower my lifestyle - so I still blow every penny of my paycheck (although I know I could save some of it). + +Any tips what I should be doing? +I tried budgeting and always track my spendings through an app - but it doesnā€™t really helps me decreases my spendings and wants + +Perhaps, somebody has been in a similar position or knows what would help? + +Super thankful in advance. +I'm 29 and hoping to buy my first house this year. I've talked to a lot of people to get feedback from those who have bought a home before and what they recommend when buying your first house. A big takeaway that I've heard from just about everyone that I talked to is that they wished they had stretched themselves more on the first home. + +Where I am looking the home prices are around $400k for what I would ideally like to purchase. It is in a very good school district, which is important to me as I plan to have a family. I think that the area also has a lot of growth potential. + +My lease ends in September and I'd rather not renew as the leasing company that took over a couple years ago is letting the complex go to hell. My current commute of about 5 miles is usually 20 minutes in the mornings and 30-45 minutes in the afternoons depending on traffic. The area I'm looking to move to is about 30 miles from work but should be a consistent 45 minute to an hour drive due to the direction of traffic. + +I have not gone to a bank yet to find out what kind of mortgage I qualify for. The online calculators suggest I could buy a house for ~600k which is way more than I would consider spending today. My credit score is over 800. + +# Financial Background +I've been working consistently for about 3 years now and I max out my IRA every year and contribute 15% to my 401k. 20% of my pretax salary is contributed to company ESPP. I also receive restricted stock annually that has a 4 year vesting period that will be 50% vested next year (it's not a lot so I'm not including it in my calculations). + +### Salary +$115,000 + +### Savings +$40k in money market fund + +$42k worth of shares (as of today) bought through company ESPP (about 1/3 would qualify for long term capital gains. The rest would be short term if sold today) + +$10k semi-emergency fund + +### Debt / Expenses +- Car / student loans are paid off +- Rent/utilities usually comes in under $1800/mo +- $500-700/mo on food/entertainment + + +# Down payment questions +1. Should I try to purchase a home with 10% down? +1. Sell my ESPP shares to get closer to 20% down payment to avoid PMI? +1. Renew my lease and save for another year? With interest rates so low I don't know that I want to miss such an opportunity. + +Looking for any and all suggestions/tips/previous experience/etc. Thanks! +Growing up, my parents had a bank account for me where they would put all of the money I got from birthdays and other holidays. I specifically remember going to a certain credit union with my mom and depositing money from my First Communion. Then the credit union closed and Iā€™m not sure what bank the money was transferred to. The memories are fuzzy. + +When I was 17, I got a debit card and a job, so we opened an account for me at our current credit union. This account does not have the money that I accumulated over the course of my lifeā€” just what Iā€™ve had since I got my debit card. + +My mom handled most of my financial ordeals, but she passed just after I turned 18. Iā€™m now 20. After two years of paying for college out of my account (and struggling to do so), I remembered how I should have money from growing up. I asked my dad about it, but he didnā€™t know where the money was. He confessed that he and my mom used some of the money back in 2008 when they were struggling to pay bills, but he ā€œthinks that all heā€™s done for me has paid me back enough.ā€ + +How do I find this account? Do I just have to go to a bank and ask if they have an account for me? + +If any of the information here is confusing, please let me know and I can try to explain better. +Bad Decisions, Self Employed and a Sick Spouse on Disability and here I am at 45 with nothing saved. Fortunately I am healthy and can continue to work as long as I need to. I don't know where to begin . There's so much information online, Ill admit I'm not very financially literate so I don't know and understand much of the terminology. + +I do know that have to take action now. I know doing something now would be better than waiting 20 years and finding myself in the same boat, just older. + +Can you point me in the right direction. Please. +Just a heads. Anyone who has purchased a subscription of any kind of "The Motley Fool" may want to ensure that auto renewal is turned off. I discovered today while looking at my bank statement that those Fools auto renewed my subscription to "Stock Advisor Canada" to the tune of $222.88 without even sending an email reminding me that my account was about to expire and that I would have my subscription automatically renewed. So now I'm dealing with getting my money back. +[Ron Paul: US interest rates are going negative, and the Fed canā€™t stop it](https://www.cnbc.com/2019/09/15/ron-paul-us-interest-rates-are-going-negative.html) + +Ron Paul is warning negative interest rates will crush the global economy. + +The former Republican congressman from Texas believes the U.S. wonā€™t be the exception. + +ā€œWe will join the rest of them and go to total negative rates in hopes that that will be the solution,ā€ he told CNBCā€™s ā€œFutures Nowā€ on Thursday. ā€œWeā€™ve never had as many currencies in negative interest rates. $17 trillion worth of bonds [are] in negative interest rates. Itā€™s never existed before. And, thatā€™s a bubble. So, weā€™re in the biggest bond bubble in history, and itā€™s going to burst.ā€ + +Paul, a former presidential candidate and vocal libertarian known for his economic and stock market bubble warnings, contends the Federal Reserveā€™s policies are powerless in this environment. He doesnā€™t believe this weekā€™s Fed meeting will provide any kind of relief and cutting rates will not be the answer. + +ā€œYou canā€™t predict exactly where the creation of credit goes,ā€ said Paul. ā€œWe have a ton of inflation with all that QE [quantitative easing]. And, every time you lower interest rates below market levels and create new credit, thatā€™s a bubble.ā€ + +Paul has been waving the red flag for years, warning that a once in a lifetime market drop of 50% or more will strike stocks. With bonds yielding negative rates now in focus, he suggests the danger is ballooning to unseen levels. + +Yet, heā€™s unsure of the timing of a collapse. + +ā€œYou donā€™t know this precise time. But you know it can happen,ā€ he said. ā€œHow do you sell a bond that pays a negative rate? Whoā€™s going to jump up and down?ā€ + +Flashback October 2018 + +But what a difference a year makes. + +Paul was worried about the other extreme last October ā€” when the benchmark 10-year Treasury note yield rallied to seven year highs and hit 3.26%, creating inflation jitters. + +ā€œIt can be pretty well validated by looking at monetary history that when you inflate the currency, distort interest rates and live beyond your means and spend too much, there has to be an adjustment,ā€ Paul told ā€œFutures Nowā€ last October. ā€œWe have the biggest bubble in the history of mankind.ā€ + +On Friday, the 10-year yield closed at 1.9%, its highest level since August 2. + +So, why is Paul still warning an epic bond bubble will burst an create chaos if rates are no longer above 3%? + +According to Paul, central banks which drastically lower interest rates destroy the pricing mechanism in financial markets. + +ā€œI donā€™t think anything even existed coming close to what weā€™re facing today,ā€ Paul said. +[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/) + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 tradeā€“ then this is for you + +# šŸŸ£ [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) šŸŽƒšŸ¦ + +>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! + +šŸ“ā€ā˜ ļø [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/) +This article is from Trepp, which is an industry analytics company used by most Wall Street trading desks, and reveals troubling stats in securitized CMBS deals.. The amount of loans that were late, but not yet considered 30 days late increased from 1.9% to \~10%. So, these are loans that are basically in their grace period, but haven't gone 30days delinquent yet. + +This is only with 25% of deals reporting. So, this is something I will update as the numbers come in. However, this is a potentially catastrophic situation for Commercial Real estate. Scary stuff. + + +\------ + + + April CMBS Remittance Data Reveals 10x+ Increase in Non-Payment of Hotel Loans; Almost 5x for Retail Loans + + + +šŸ“·šŸ“· + +While many in the CMBS industry had last Friday off, those responsible for paying bondholders and posting remittance reports for deals that pay on the 10th of the month did not. In fact, about 25% of the private-label CMBS universe was slated to "remit" on Friday and Trepp's bond modeling team spent the day loading data and updating models. That gave us a chance to sift through all the numbers. + + +*First, a little background.* + +Because the [coronavirus headlines](https://www.trepp.com/trepp-covid-19-coronavirus-updates) really took off around mid-March, most borrowers had made their March 1 payments. It was assumed that many borrowers would withhold their April payments ā€“ especially in the hard-hit lodging and retail segments. However, failure to make an April 1 payment would not make a loan 30 days delinquent if the borrower had made the March 1 payment. The status ā€“ according to CREFC guidelines ā€“ would place the loan in a category of either "late but within grace period" or "late beyond grace period." (These two categories correspond to the status codes 'A' or 'B', respectively.) + +The industry has never really had reason to look at this status in the past since these loans were generally considered "current." For some, this would be a passing status on the way to becoming delinquent. In the past, about 2% of all private-label CMBS loans were in this category on average ā€“ while some were due to administrative reasons (i.e. the check was in the snail mail), others were placed in this category because the loan was on its way to becoming delinquent. + + +Prior to looking at the data, we expected the numbers to be much higher than usual, but the actual numbers [***surpassed our expectations***](https://info.trepp.com/request-a-demo-of-trepp-morning-update). + + +Now, the data serves as an early indicator for what could become 30 days delinquent a month from now. + +When we first ran the numbers over the weekend, the results looked like this. We had about $6.7 billion in loans that had been current in March but had gone into or beyond grace period in April. That number reflected that about 20% of the loans have reported. That has since grown to [$12.9 billion with over 65% of the loans still yet to report](https://info.trepp.com/request-a-demo-of-trepp-morning-update). + + +For lodging loans ā€“ in March 2020 ā€“ the percentage of loans categorized as A or B was about 1.5%. In April, that percentage is now 19.9% ā€“ a number that has seen a modest uptick over the last few days as more data have rolled in and more loans have reported for the month. If this percentage holds up over the rest of the month, the dollar amount of loans in the A/B category could reach $15 billion in April based on the total outstanding universe of $76 billion for the hotel sector. + +For retail loans ā€“ in March 2020 ā€“ the percentage of loans categorized as A or B was about 1.7%. In April, the percentage is now 9.6% with the updated data. If this percentage holds up over the rest of the month, the dollar amount of loans in the A/B category could reach $12 billion in April based on the total universe of more than $124 billion for the retail sector. + +While it is known that multifamily and office will be less severely impacted by the pandemic's economic impacts, there will still be signs of stress. Here are the numbers for the multifamily and office property segments. Multifamily: March, 2.7%; April, 5.3%. Office: March 2.6%, April 2.2% (yes, a small drop.) + + +We are loading new data almost every hour of the week as new servicer data comes in ā€“ so these numbers will likely change frequently over the next few days.Ā  + + +A review of March's watchlist and special servicer comments showed there was no mention of COVID as far as we could tell. The watchlist and special servicer comments in April saw many references to that term. + +Unfortunately, these numbers above could be on the low side of what's to come. There are many examples of loans for which the April 1 payment was made, but for which the watchlist comments now indicate a forbearance has been requested. + + +An example would be the $58.9 million [**Omni Royal Orleans**](https://apps.trepp.com/abpw/w/loanprop.cgi?whichTrepp=w&loanID=338641&dealname=COMM%202014-UBS2&utm_campaign=us-treppwire&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--2cJ9UlY9aYScfVUsfobeBGOtE-m-59dReCKtywiDSPllZERAQhngdhUPcREtLXI0xZ5Ow#loanProp=Loan) loan which makes up 5.59% of [COMM 2014-UBS2](https://apps.trepp.com/abpw/w/dealsumm.cgi?cusip=12591UAA1&whichTrepp=w&dealname=COMM%202014-UBS2&utm_campaign=us-treppwire&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--2cJ9UlY9aYScfVUsfobeBGOtE-m-59dReCKtywiDSPllZERAQhngdhUPcREtLXI0xZ5Ow). The property is a 345-room full-service hotel in New Orleans. First-time servicer watchlist notes indicate that "this loan is being monitored for hardship. Borrower reports collateral operations have been **impacted by COVID-19**. A forbearance is in progress." As noted, the servicer data shows that the April 1 payment for the loan has already been made. +https://www.bloomberg.com/news/videos/2021-11-02/rivian-ready-to-go-public-valued-at-53-billion-video + +Offering up 135 million shares at $57 to $62 each under the ticker RIVN. The company is seeking a $60 billion valuation. Rivianā€™s market cap is already roughly equal to Honda Motor Corp LOL. + +The Rivian IPO is scheduled to price on Tuesday, nov 9 and trade the next day. A stock to keep an eye on, for sure. Many tout this as a unicorn. +Stop supporting these Twats that switched to ride a train they obviously are either just hopping to what will get them the most attention or are being paid by shills to pump AMC. I am not against AMC or anything just something I noticed. There is only one GME and we didn't come all this way to have a bunch of trend hopping/shill-paid Youtubers to try to derail our Train. + +Shout out to Ape Andy, Tradespotting, Rocky Outcrop and Gherkinit for sticking to their principles. +I posted this as a response elsewhere, and it was suggested to make it a post of its own. These things have all been said over the months here, but you should read it again, and new apes - read it for the first time. + +TLDR: GET YOUR SHIT IN ORDER + +Use the quiet time now to write your personal plans and goals including any thoughts on your *potential* plans as to how you'll sell shares (if any). Decide a rough idea of how many of your shares you'll sell vs infinity pool (if any). + +Great. Now take a little notepad/journal/whatever to keep yourself organized. You'll think of more and more things you want/need to do, people/charities you want to help, projects you'd like to do. Personally I keep a small journal in my purse for making notes about any thoughts as they come up so I can give it further thought later. + +Now make a little chart. I'm an XX holder and will sell low XX shares at most, so mine looks like this: + +#of shares x $sell price = $xxxx - 50% (taxes, legal fees and all that shit you're about to need) = +What I can accomplish with that: +1. Pay off mortgage +2. Replace my car +Etc + +Now double that sell price and do it again, adding to your list all the ADDITIONAL things you can do on top of the previous list. + +Now triple it. Quadruple it. Keep going for a while until you're playing with numbers you can barely fathom. Chuckle a little at the sheer insanity it may feel like. + +Get yourself used to those numbers. Really look at what numbers are life changing to you. Become numb to the $500, $1000, $5000. It's nothing. Keep calculating. Add shit from that dream list. Make crazy plans to make your bubble better. Then your neighborhood. Keep going. + +Include in that plan a list of people in your life that you want to help. Personally, I will be using a two part plan. Give only the help that could immediately stabilize the recipient's situation. Bro needs a car? A cheap beater will get him to/from work for now, he can afford the insurance, maybe you also cover an inspection, some basic repairs and new tires. You can get him that awesome top-of-the-line minivan and some cash for the family later. Coworker struggles with groceries or rent? What could immediately fix that situation - $2k? $5k? Don't need to throw half a mil to them right away. Get these people to*stable*. When you have your own affairs in order, *then* you can choose to give if you are willing and able. Wait a few months to a year. Reevaluate the people you've helped, where they're at now, and what you hope to see them gain overall - and how involved are they in your life still? + +Also, start getting ideas as to who you need to help with these plans. You're going to potentially need an accountant, lawyers, estate planning, a financial advisor. Get ideas as to which ones are available in your state. Do your research. + +But start organizing your damn plan. Don't become your own worst enemy as soon as that money hits your bank account. And look at how much good you can accomplish. +We are a couple with combined income of Ā£80k (50k and 30k). We have c. Ā£65k cash to put down as a deposit for our first house (we're 29/30yo). + +We've been looking at houses around the Ā£300k mark, maybe creeping up to Ā£325k so able to put down 20%. Putting this over 35 years, with really good rates at the minute, we'd be paying c. Ā£875 a month (would plan to over pay but prefer to have it over longer and reduced monthly payment for security). + +We have however just seen a perfect house for Ā£400k and have started to wonder if we should stretch ourselves further. Looking at mortgage quotes we're being told we could borrow up to Ā£380k so doable on that side. We could put 15% down and over 35 years our monthly repayments would be c. Ā£1100. + +Our monthly income is around Ā£4650. With housing bills (Council tax, utilities, WiFi, etc) I guess the overall cost of housing would be around Ā£1600, so about a third of our income. + +No kids at the minute (but maybe at some point) and car nearly paid off with no other sizable bills so it seems doable but is quite a daunting figure. + +With these numbers what would you do? +I spent thousands of dollars and came to the same conclusion many of you are coming to. + + +Robots dont work. + +&#x200B; + +If someone invented a robot that made tens of thousands of dollar per month while you sit on your ass, why the fuck would they sell that and saturate the market with thousands of people making the same trade and destroy the system????? + + +Use logic people. +Hey there r/forex. I'm a 22 year old dude trying to get into one of the longest standing markets in the world to see if I can make a second source of income to sustain myself. I'm very naive but I have the ability to learn and am hoping I can also just meet some new friends as I go through life's everyday motions too. +Hi all! I am currently a full-time, 22 year old student living in the west coast. Forex caught my eye when I saw and read about many people who accumulated their wealth over their skills of trading. + +I immediately started to research what forex was, and decided to take a stab at the market. I did do a fair share of research on the forex market, but eventually got tired of the constant links to websites of these "online forex gurus" offering me their "secret sauce" for a large check. As a student, I can't even afford half of it! + +Anyways, I initially put in 20, but lost my money pretty quickly in the Gbp/Jpy, an decided to deposit another 40, as a compromise of trying out and depositing into forex for the second and final time. +From there, it's difficult to describe exactly, but I just started making trades on my guess of where the market was going to move. I would just rely on my instinct of watching the market, and by looking at the past history for that pair. I'm a noob, I know. + +Now, I turned my $60 into about $540~ and don't know what to do. I really enjoy trading, but at the same time, now that my account is at $500 dollars, I feel a bit scared that I can lose that money through careless trading. If anyone here has any advice or comments on what I should/should not do, I would really appreciate it! Thanks all + +Tl;dr I'm a noob trader who made $60 into $500 and don't know what to do next +I love to trade and test my stuff but i have really bad sleep problems so i some times sleep 10 hours a day ruining the session times for me so i can't trade and i'm forcing myself to trade late hours do i just stay up all night trade then when i feel like i've had a good session i go to sleep? +Every single market participant takes into account supply and demand dynamics. + +Just how the hucksters and snake-oil gurus have corrupted the term ā€œprice actionā€, it seems that supply and demand has equally been hijacked. + +Iā€™ve seen it enough times on this forum, and now Iā€™m getting bombarded with these ridiculous YouTube / internet ads. Enough is enough. Every speculator is trying to figure out at what price there will be an abundance of supply, and where buyers might demand more of the commodity, stock, currency, used bathwater etc. + +Itā€™s the same thing with ā€œprice actionā€. If you use technicals, you are a price action trader. Whether you use a million different indicators or not. + +These arenā€™t magic terms and words that are difficult to understand, the secrets of which are revealed to the brave few who go through waist-deep shit pools of YouTube material. + +If Iā€™m interviewing a potential trader and when I ask them what their methodology or trading philosophy is, and they tell me they analyze supply and demand, that would be like interviewing for a sales job and telling your manager your plan to sell product is to... sell product. +For people who interested in seeing inside a prop-type environment (or even curious about applying to a particular Canadian trading firm), you might enjoy this short series on FCL trading Montreal, an offshot of Jitney Trade. + +The series covers brief chats with experienced long term independent traders, new trainees, market makers, and also a seven minute episode dedicated to covering the firm during a NFP release. + +It also has some comments directed very much towards beginner traders, including reinforcing the fact it's not a get rich quick scheme. + +Playlist of the episodes: https://www.youtube.com/playlist?list=PL8TaI7xgqLkaT5QxR_pUfgjQ0TfohiwRZ + +First episode: https://www.youtube.com/watch?v=UQ2nzBb0XOo + +Well worth the look, especially if you enjoy reading between the lines and pausing the vids to get a good inspection of what they have on their screens. + + +Hi guys, + +I am quite the newbie, but I have been learning for forex in the past year and demo trading besides it as well. Last week I started live and in one week I have gained 15%, which I am quite happy with and I do realize that this won't be standard and that I will have weeks with losses. + +Now the problem that I am dealing with is that this could have been 20% today and it was 20%, but then I started overtrading; getting into stupid trades out of greed to maximize my profit and gain even more although that is never worth giving away a 5% day. + +Do any of you have solutions for this problem or how do you cope with this yourself? I am probably lacking discipline, although that is not the case with other aspects of my trading like keeping up with fundamentals, having a journal and risk management. +Everytime I read a post about someone who FIREā€™d or is about to FIRE earlier than me or very close to my age gets me nervous and anxious. + +I know that it is not a race, but I canā€™t avoid the feeling that I am far from FIRE and other people are getting there. + +Most of the histories are an incentive, but the anxiety has its special place in my head. + +:) +First, I have a math degree as a solid C+ student so someone should definitely check my maths. First, ignore price for now and just assume your purchase price was at $150.00 (my current average). + +We will represent that as PP (Purchase Price) so PP=$150. + +What I need to figure out is what my sold price is, represented as PS (Price Sold)...Hmmm, seems a bit crazy as I haven't sold yet . In other works, how do we know what we should sell at? Ahhh, let's take a look at history on other squeeze stocks Percentage Gain! + +What is Percentage Gain? + +Investopedia + +Percentage Gain = (PS - PP) / PP ā€‹Ć— 100 + +So, lets re-arrange the formula and solve for PS (Price Sold). + +PS = (Percentage Gain X PP) / 100 + PP + +&#x200B; + +Now, let's look at history of 3 squeezes, one everyone claims was the largest ever (VW) (spoiler, its not by percentage gain) and two other lesser known ones... + +&#x200B; + +VW - quadrupled in one day (250 to 1000) so using our formula we get about 300% Percent Gain + +Apply VM 300% to GME: + +PS = (300 X 150) / 100 + 150 + +PS = $600 + +Profit, yes but not the droids we are look for... + +&#x200B; + +Moving on two something called KaloBios, a 10,000% Gain + +KaloBios - 10,000% Gain + +PS = (10000 X 150) / 100 + 150 + +PS = $15,150 + +&#x200B; + +And yet another one: + +Gateway Industries - 20,000% Gain + +PS = (20000 X 150) / 100 + 150 + +PS = $30,150 + +&#x200B; + +Now, what if you truly, truly believe like I do that GME is the idiosyncratic stock that DD has proven to be shorted to oblivion? + +What if it was 100 times larger than Gateway? + +PS = (20000 X 100 times larger X 150) / 100 + 150 + +Drum roll please...your new absolute f-em target should be no less than... + +PS = $3,000,150 PER SHARE + +&#x200B; + +Yes, I know its not the $120,000,000 that is currently the floor, but just trying to get Apes to understand that any cap (ie. $3500) that any broker throws out is completely fucking insane. + +Lesson: Hold the line and don't sell at all, you can leverage the shit out of the value of your stock at any small local bank or credit union that survives which means: + +PS = InfuckingFinity +Apple just announced via CNBC that they are splitting their shares 4:1 to "make them more accessible to a broader base of investors". Anyone else loading up? +I went to the mall today to kill some time and ran into a building developer's mock up and showed it to my kid. The dude approached me and I told him I had zero interest in buying and that I was showing my kid how cool the mock up looked. He insisted we take a scratchy which came up with winning a supposed $200 gift card if I attend some hour long brunch (I'm sure it's longer than that). He said $200 gift cards are rare (I doubt it) and I insisted there's no way we can qualify to buy a unit but he insisted I go and get the $200 gift card. + +Has anyone gone through one of these? I'm sure they'll harass me afterwards with marketing. Is it worth it? +Just look at the amount of coverage GME is getting across all media mediums. + +They want you to be sitting around the dinner table while family asks you about GameStop and makes you feel like a fool because they are bitter with their own lives. + +No one likes to step in our way and tell us we are wrong like family. They are trying to divide your house, that is how far they are willing and wanting to go. They want you segregated. +What have residential auctions this weekend been like for everyone, whatā€™s the market like at the moments in which ever state you are in? + +Iā€™m particularly interested in Sydney and Melbourne. +Christopher Joye is basically predicting that further rate hikes by the RBA will put stress on mortgage holders which will in turn cause real estate prices to drop by 15-20%. Don't real estate prices traditionally go up in times of inflation because it costs more to build houses and these costs are passed onto buyers. Anyone understand the economics of this? + +Excerpt from AFR article: + +"Whether the RBA wants to admit it or not, its interest rate decisionsĀ willĀ be heavily influenced by the directionĀ ofĀ houseĀ prices, whichĀ afterĀ yearsĀ ofĀ uber-cheap moneyĀ have never been more inflated. ThisĀ willĀ be amplified by two dynamics. First, there are hundredsĀ ofĀ billionsĀ ofĀ dollarsĀ worth of circa 2 per centĀ fixed-rateĀ loansĀ thatĀ willĀ roll into variableĀ rateĀ products carrying much higher interest rates in the next 2 years. Second,Ā households are much more sensitiveĀ toĀ interestĀ rateĀ changes than they have been before: ourĀ household debt-to-income ratio is sitting around 186 per cent, in line with all-time highs.Ā Ā  + +Since theĀ total valueĀ ofĀ residential real estate isĀ currently worth $9.9Ā trillion, theĀ RBAĀ will likely impose losses onĀ households worth some $1.5Ā trillionĀ (assuming just a 15 per cent draw-down). Superannuation will also shrink in value as listed equities, infrastructure, property, and private equity are smashed." +Dear Apes, I am wondering what ever happened to indicting the rich and corrupt for their financial crimes in 2008? + +Millions of Families were ruined and what happened to those who did this financial terrorism on American Citizens- nothing. + +Apes already know the narrative is being set up to allow a Scapegoat just like in 2008. + +Apes see the corruption thatā€™s rotting the system from the inside out. + +Iā€™ll be patient, but I expect a repeat of the 2008 crisis- Scapegoats will be made and the rich will become richer. + +SEC do your job this time around and quit visiting Pornhub on American Taxpayers Dollars. + +Peace and Love to Apes. +Title says it all. I will still be here posting and interacting with this sub after MOASS takes place. Maybe even more so. + + +You might wonder, why? Who cares, you'll be rich. + + +Because I really want us to change the world, and after this happens, things will be different for all of us. + + +We are waging financial warfare against establishments that have been amassing wealth off of our backs for hundreds of years. After MOASS, you might have trouble relating to the people the way that you'll be able to relate to everyone here. Not to downplay actual combat veterans, but we will likely have a similar experience to those who have served together. Other people just won't understand what we went through to get here, and they never truly will. They'll say things that downplay the significance of what we did, calling us lucky. Most will not understand how it all really went down. + + +People here refuse to accept anything that hasn't been heavily vetted and properly cited. We are basically an open source research group, potentially one of the biggest ever to exist, and some of us are now likely more familiar with the actual workings of the market than people who are paid to financially advise others. I personally feel I've received a near college level of financial market knowledge, and I guarantee I retained multitudes more than I would of had I actually gone to school for it. Hell, *I actually enjoyed learning about the stock market* + + +Lastly, I'm coming back because I want to actually change the world for the better. If things work out how we think they will, we may have to take care of a lot of innocent people who just lost their pension funds. I refuse to take this money without its purpose being to make the world better. We have to do with this money what the sociopathic rich fucks in power currently didn't have the empathy to do: make the world better for everyone else. + + +So that's why I'll be back. I like this sub and I like all of you, it's the one place I can go where politics are meaningless, everyone here has seen behind the curtain and knows they are a psychological tool to divide and conquer. This place is an oasis in a desert of misinformation and manipulation. It's honestly a Utopia. + + +Buy. DRS. Hold. Let's take back everything that's been stolen from humanity and give it back to those that put in the blood sweat and tears to make this world what it is. The people. +This was when I decided to make a change and start focusing on actually building up a half decent pension. + +A bit of background; I'd been working at a large grocery retailer making the minimum payments in to the company pension for a few years. +I'd logged on one day and was so disappointed by what I saw I decided I need to be more proactive. + +The first entry in to the spreadsheet was on 01/02/2020 and was Ā£782.74, you can see why I was disappointed. +Fast forward to now and I'm at a better employer (one year in February) and the pension is now Ā£7401.12. + +Sure it's not massive but it's getting much better than what it was. + +I guess the point of this is no matter what your age you can start making a change and it does start adding up. +This has been said 100 different times in 1000 different ways. Here is another. What has happened with this GME saga is criminal. It has also revealed how corrupt and greedy the ultra rich are. + +You could have let this thing squeeze naturally in Jan to $XXX-$XXXX price/share and most of us would have never known the difference. + +But you had to get greedy. Force stopping the buy button for a lot of traders across multiple platforms. Then you had to contantly manipulate the price down in an unnatural ways and it caught our attention. Let's ADD A ZERO to our price. What was once our floor of ~ $1000k was then $10,000. + +It was discovered that the reason you short companies is so that you can profit off of them going out of business... Costing thousands their jobs, just so you don't have to pay a little extra. ADD a zero + +It was discovered that you manipulate the market by naked shorting and hiding shorts through ETFs and Deep Calls. ADD a zero. + +You buy the media to twist and turn stories away from the truth. ADD A ZERO. + +You threaten mods and other individuals because you can't play fair. You mess with one of us, you mess with all of us. ADD A ZERO + +You're shorting the U.S. bond market because you know how the system works. So even if you go down, you make sure everyone is going down with you. ADD A ZERO. + +The list goes on and on the longer this thing goes, the more the apes will discover how shitty some people really are. All for money. + +TL;DR - Our floor keeps rising because of criminal acts taking place and we want something done about it. What once started at possibly only $1,000/share has gone over $100,000,000. We add zeros every time something criminal happens. Perhaps we might think about selling our shares when these criminals get locked up. Otherwise we like the stock and we might just hold onto these forever. + +Not financial advice and such. Just exercising my first amendment rights. + +Obligatory šŸš€šŸš€šŸš€šŸš€šŸš€ + +HODL! + +Edit 1: Yes please just consider changing all of the "Our" statements in the title and body of the paragraph. We are all free thinkers and do not act collectively as a group. + +Also it was pointed out that I stated $1000k in my third paragraph which is technically 1 mill and that just ain't right. So thank you. I was never good at english as I am just an ape who eats all colors of crayons, but particularly likes the red and green ones + +Edit 2: Wow over 1k likes! And a bunch of rewards! Thanks everyone you guys and gals are amazing! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[šŸ“š Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“š Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ’” Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[šŸ“ˆ Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [šŸ—£ Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [šŸ¤” Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ’» Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“° News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ¤” Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ‘½ Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“³ Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [ā˜ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL šŸ’ŽšŸ™Œ](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[šŸ“£ Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [šŸ“† Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ† AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸšØ Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“– Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [šŸ”” Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [āŒš Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ„“ Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"šŸ’» Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Edit: But honestly guys, just set several price targets, and sell on the way down. Donā€™t worry, we will have PLENTY of time to make our damn minds. Several days AT LEAST. See you guys at the moon! šŸŒšŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[šŸ“š Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“š Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ’” Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[šŸ“ˆ Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [šŸ—£ Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [šŸ¤” Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ’» Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“° News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ¤” Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ‘½ Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“³ Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [ā˜ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL šŸ’ŽšŸ™Œ](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[šŸ“£ Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [šŸ“† Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ† AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸšØ Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“– Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [šŸ”” Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [āŒš Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ„“ Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"šŸ’» Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +This is the official $GME Megathread for r/Superstonk. 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. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +Banner Contest is live! 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* +Background: my husband and I made stupid decisions and now we're in even more debt. So we moved in with my in laws an hour and a half away to save about $1,000 per month. + + + +I am an RN with my BSN. I make about $41,000 per year before tax (assuming I don't work overtime) with almost 3 years of experience. I got a paycut from my old hospital. I work between 40-60hrs. My husband has no degree, but has about 5 years of experience in retail and has been a supervisor (just above a regular employee, but not quite a manager) for about 2 years. Currently he is making $640 per paycheck. He is trying to get a better job. He's only been at this job for about 3 weeks. They were misleading on what he would be doing and other things. He had an interview yesterday. He wasn't making really any money from Nov-June. + + + +We cancelled all our credit cards and have stuck pretty strictly to a budget. + + + +Our income per month: $3,480-$4,280 (depends if I work overtime) + + + + +Our monthly budget: + + +* Compassion International: $38 +* Emergency fund: $60 +* Phone: $166.31 +* Grocery: $400 +* Gas: $40 +* Auto Insurance: $160.42 +* Netflix/Anime/Gym/Apple care: $64.77 +* Pocket money: $200 +* Car payment: $285.57 +* Credit Union credit card: $100 +* Credit Union Line of credit: $50 +* Best Buy Credit card: min $25, we pay $100 most months +* Sallie mae student loans: $575.02 +* My federal student loans: $300.69 +* His federal student loans: $161.10 +* Shitty Medical/dental/eye insurance (comes out of my paycheck before taxes): $390 + + + + +Our debt: + + +* Medical bills (half are already in collections): $1,193.90 +* Best buy credit card: $2,319 +* Credit Union line of credit: $2,326.74 +* Family/friends: $3,190 +* Credit Union Credit card: $4,658.79 +* His federal student loans: $15,167.17 +*Car loan: $16,157.04 +* My federal student loans: $20,522.94 +* Sallie Mae student loans (9.375%-10.375%): $35,510.57 + + + +I'm looking into travel nursing, which will pay more and he had the interview yesterday. Is there anyway we can do better with what we have!? + + + +Edit: I did not expect this much advice. I posted this before going to bed and checked reddit before clocking in at work. I am working on responding to comments as much as possible, but I am at work so I'll be slow. Thank you all so very much for your time and help!!! + + +Just to clarify my income, I make $22.30 per hour with $4 shift differential, my pay per year and per month is after taxes AND insurance. As stated above, my insurance is through the hospital I work for. + + +I am not going to give up sponsoring a child through Compassion. I have sponsored this girl for about 11 years. I have met her and her family in person and I have built a relationship with her via letters. I will cut back on others things and continue to sponsor her. That is the only thing I am unwilling to budge on. + + + +Edit3: I realized I calculated my husband's for one week and didn't double that. It's $640. And of course fixed our monthly income to reflect that. Also fixed my annual salary to reflect before taxes, not after. + + +Edited to clarify that I'm an RN with my BSN. + + +Please excuse these errors. Wasn't paying full attention when I typed this novella. +Hello, this is probably gonna be a trauma dump or something of the sort. + +I'm 20(F) and I'm the product of generational poverty. Generations of poverty and trauma was dumped onto me. My mother is disabled, she cannot work and hasn't worked ever since I was born, she is also a single mother. My father is absent, and mentally ill. The only family I truly have is my sister, my mother, and friends that I consider family. Ever since I was young I could tell we were poor, growing up in urban areas that had drugs, teen pregnancy, etc. My mom tried her best to make means work, even if that meant she was only living on disability and welfare. + +I've always envied people who lived.. comfortably. I'd see people in decent basic homes, and feel depressed because I myself, grew up in such bad conditions. I remember going over a friends house and seeing that they had a walk in shower and a big tub, and they looked at me funny and said "it's just a regular bathroom." but to me, it was more than just a "regular" bathroom. + +I'm 20 years old now, suffer with depression and many more mental illnesses. I'm in college and am currently studying social sciences. There are moments where I want to give up and quit, but I know that won't end well for me since I'm desperate to get out of these shackles of generational poverty. But I can't even afford to go to school, I'm in debt, and I have 0 motivation. + +How can I discipline myself and become more motivated? How can I pull myself from these shackles and finally live comfortably? I don't care how long it'll take, I just want it to happen. +I am 23 (24 in a few weeks) and on the Disability Support Pension (DSP). This is roughly 24k a year. + +I am living at home, don't pay rent, but I pay all my own bills (car insurance, rego, phone, ambulance, etc.). + +I am managing to save a good 15k a year because I am fairly frugal. + +One day I would like to move out, and the idea of renting sounds horrible to me. Putting aside all the regular complaints of renting, my disabilities also make it more difficult for me. + +I would like to buy a house of my own one day. But in this housing market, is it actually realistic for me? In a few years I might be able to save 100k or so, but would I be able to take out a loan with only a 24k income? I'd have to move to the middle of nowhere to get something less than 400k. + +I feel so defeated. Is there any hope in my situation, other than live with my parents forever or rent forever and never have a place of my own? +So I'm 20 years old live a VERY familial lifestyle with my great family. Thing is we have a mortgage going on, my dad passed away before this and my older brother works the mortgage. I on the other hand finished school 2 years and now I work, netting around $50k a year. I also started studying teaching this semester, I'll be able to finish this in about 6 years and start a career making 70-80k gross per annum. +My brother kindly suggested and asked me to consider a trade e.g plumbing or becoming a builder through tafe. Thinking about it it's not bad considering I'll be making more money through apprenticeship (is this true, do apprenctices get paid more than 50k?) and will also work towards my certificate. + +Also my situation is that from the $1920 fortnightly net payment I get, I give $1000 to my mum, she saves this for potential renovations or whatever, invest atleast $500 and th rest goes towards internet plan for my whole family, 5 people and then other expenses. + +So I guess should I continue with the teaching or do this? I mean my current situation isn't bad at all and I am thankful for it. But yeah would It be wise to go for a career in trades and give up my current situation for it. +She has gone silent ever since this whole thing exploded. Furthermore, according to CNBC today: + +Howard Fischer, a former Securities and Exchange Commission lawyer, told CNBC, ā€œGiven the speed of the government complaints and the indictment, it seems likely that former FTX employees (most likely those in senior positions) were cooperating with the authorities, most likely in exchange for leniency.ā€ + +ā€œWith a large case like this, there is often a rush to be the first one in the prosecutorā€™s door, because the value of cooperation diminishes rapidly if all you can offer is a duplicate of what the authorities already have,ā€ said Fischer, a partner with the law firm Moses & Singer. + +Fischer, referring to former Alameda CEO Caroline Ellison, said, ā€œWhile it is not known yet if that is the case, or who might be cooperating at this point, I would not be surprised if Ms. Ellison was one of the first personā€™s seeking to help the prosecution.ā€ + + +Tbh it doesn't surprise me if true. Besides, SBF has already taken a few shots at Caroline, probably because he already suspectes of her collaboration. + +If true, SBF will take the heat and she will walk out free for the most part. Although seeing SBF get prosecuted for his fraud feels good, I will be mildly annoyed if she gets to live the rest of her life as if she didn't willingly screw over so many peoples lifes. + +Edit (from CNBC): Caroline own lawyer is the former co-head of SECā€™s Division of Enforcement, and she knows how the system works and how to work it to her clientā€™s advantage. +One of my biggest pushes for FIRE is to one day, not care about saving anymore. I don't mind work, and I'm not miserably frugal either. But one day, I would like to buy the things that are luxuries, that don't necessarily add to my happiness today, but would be a "nice to have". + +It can be anything, a tesla, donating to community foundations, organizing events etc. For example, one of my hobbies is gaming, and the game I play is not necessarily big, but organizing $1k events for streamers to create my own catered event etc. Not necessarily material things. + +Is anybody else like this? I just want to be able to spend without caring, but also understand the importance of saving now. + Hello beautiful apes! + +Are ya'll tired of FUD running rampant? + +Sick of the shill campaigns brigading the sub to knock unsuspecting apes off their individually researched course? + +Have you ever looked at a comment or a post or a tweet and thought to yourself: + +*"I can't quite put my finger on why... but that person's a shill... definitely...maybe.. I think... hmm... better comment for wrinkles just in case..."?* + +&#x200B; + +[Whoa that's a lot of words for a meme lol](https://preview.redd.it/qevlka6tzad81.png?width=977&format=png&auto=webp&s=91d54d1571e9843b73f51245f8d56d499aa7da24) + +&#x200B; + +This last year has taken a toll on the mind. Not only do you have to deal with unscrupulous immoral and illegal savagery during market hours, you have to wonder if everyone you meet is a shill. + +Fortunately these shills are not immortal beings from a galaxy far far away, but mere humans who employ a system they've adopted. A system which I'm going to do my best to attempt to explain and demystify for the betterment of our humble community. + +I like Harry Potter, this is basically Defense Against the Dark Arts, and the term "Dark Apes" just jumped out at me. I hope that term doesn't offend anyone. I hesitated using it. I'm not saying that any *apes* are shills. I'm saying shills learned to *become* apes. And it's helpful to look at it from this perspective so you can grasp the rest of the concepts they employ. + +They've evolved. They learned the ways of the ape and essentially built a nefarious copy cat model. + +They can now speak the ape language and a lot of FUD is getting through undetected because apes are on the lookout for only the most obvious shills. + +Ape sees something that resembles what a fellow ape would post, ape say "seems legit" and allows it through the barrier of "New" to the road of "Rising" all the way to the mountain peak of "Hot". + +Shills are now able to be apes in disguise using dark arts. + +Hence, Dark Apes. + +And since there's so many of them, it would be impossible to keep a list of "who's a shill" in mind. I'd imagine there to be multiple groups of them formed in teams, competing against each other for rewards and bonuses on the amount of FUD they spread. + +However the shill social structure may actually be formed, if you're a shill tasked with a job of spreading FUD and targeting individual apes who appear vulnerable to a shift in opinion, you're going to need a system in place so that you don't waste time spreading FUD to one of your shill brethren by accident lol + +They do it by recognizing language patterns and the narrative they're paid to spin. If you're saying something against the agenda, you're a target. Especially if you just "like the stock". + +Most apes simply like the stock and can't read. So that's a major factor as to why SHF are failing in their attempts to brigade the overall sentiment. + +You can't trick someone who can't read. You can't get someone to sell something that they really like. + +You can't rationalize an investment strategy to someone who has no investment strategy lmao + +But for the wrinkled apes, the ones who can read and actually do their own due diligence, on a hunt to find legitimate information in a crowded sea of FUD, it can be very mentally exhausting sorting through all the bullshit. + +Being weary of everything you read, and spending mental resources on something that shouldn't even be a thought. + +"Is this truth or fiction?" + +Because they all use the same tactics, once you fully understand what they're doing and how they're doing it, you'll start to see the pattern everywhere. And so their campaigns will be less effective. And you will be able to discern who's a real ape and who's a shill the same way they do. + +What I'm about to expose is high level advanced mind control shit which has very convoluted and technical jargon. + +Just stumbling on the rabbit hole itself is hard enough, let alone understanding the mechanics contained within. + +This is by design. + +When creating this shit, it was overly complexified so that the average individual considers it to be mundane. A safeguard in place so the masses won't wake up to it, and so that those who traverse this heavily obfuscated path can continue to use it freely, with the rest of the world being none the wiser. + +In other words... The secret to manipulating people is kept behind a pay wall of mental fortitude. + +The system is called "[Neuro-Linguistic Programming](https://en.wikipedia.org/wiki/Methods_of_neuro-linguistic_programming)" or NLP for short. *(Side note, a recently developed form of Machine Learning was called Natural Language Processing to further obfuscate this information in search results for NLP)* + +Contained within this system of NLP are methods and techniques. + +Some of the methods are: + +1. Internal 'maps' of the world +2. Modeling +3. Representational systems +4. Meta-programs +5. Anchoring +6. Future pacing +7. Swish +8. Reframing +9. Well-formed outcome +10. VK/D +11. Metaphor +12. State management +13. Covert hypnosis + +You pay for the information with years of persistent studying of these words and techniques that seem alien at first. And as you level up and allow your brain to build a codex of bullshit phrases that describe actually very simple concepts, with practice, you begin to understand. + +**Well fuck that.** + +I'm here to Ape-ify the shillspeak and expose their strategies to the world in a clear, easy to follow manner. I will do my best to make this so simple that even a 5 year old with a learning disability *(my younger self)* could understand it. + +Although that doesn't mean digesting the information will be easy. It's a near impossible task to distill a decade of research into one post. + +I've worked on this post for 6 months. And that's why it's taken this long to produce it. + +Carefully and meticulously crafting a paradigm shifting experience, and presenting it in such a way that is entertaining and thought provoking in hopes that it might enlighten and wrinkle all apes who take the time to experience it. + +I had to figure out the best way to do it so that all it takes is one or two read throughs to skip 10 years of study. The information contained within this post is the reason I've been able to call out all the shill bullshit from day one and why I have a 100% accurate track record on my predictions of their moves. + +Because I see right through them. And after reading this, so will you. + +The original version of this post was 3 posts long but automod deleted them for what ever reason so I had to redo it and tried to condense it into one post with no filler. + +*Be warned:* + +*This is going to fuck with your brain. It will be annoying at times. It will be confusing at times. You'll likely have to go back and re-read multiple paragraphs to get the point. There are twists and turns that would make M. Knight Shyamalan foam at the mouth.* + +*And by the end of it, if you stick with it, and I've done my job right, you will be armed with a real Defense Against the Dark Apes.* + +*-----------------------------------------------------------* + +**Congratulations dear Ape!** + +You've stumbled upon the greatest threat to the Dark Ape shill agenda: + +[ This meme is shill tactics in disguise. Don't see it yet? Fear not dear ape! I shall explain later.](https://preview.redd.it/ijqs0w8wzad81.png?width=1277&format=png&auto=webp&s=639f033689ead6a6f3a8b362fa85e58d0af01ee2) + +&#x200B; + +This meme is shill tactics in disguise. Don't see it yet? Fear not dear ape! I shall explain later. + +Ohhh you thought that was just fun intro with memes to set the mood? + +Nah, we getting right into this shit with the first lesson: + +**Shill tactic numero uno:** + +***MEMES and relatability.*** + +Shills use memes and relatability to sway opinions and plant ideas. + +\-------------------------------------- + +>**4th Wall Break:** *You probably read the word "opinions" and subconsciously thought it said "options" for a second.* +*Welcome to the world of using language patterns to disguise intentions.* +*Saying one thing that sounds similar to another thing so that you'll think of that other thing.* + +\-------------------------------------- + +Everything I've said in this post, up until this first lesson, was shill tactics in disguise. + +Firstly, I asked you some questions at the beginning of the post to spark an emotional response. Then I hammered that emotional response with a meme that could be used to **anchor** it. Then I took you on a trip down memory lane. + +I built up tension. + +Formed an alliance by describing a common enemy. + +Reframed that enemy with a buzz word. + +Made you feel empowered by pulling back the Wizard's curtain to show they're only humans using a system. + +Established authority because *"I know that system".* + +And released the tension in a symphony of words that reads at first skim like a brand new God tier DD. + +All promising a conclusion. A reward for reading further. I demonstrated relatability with something you're emotionally triggered by, lowered your defenses and fed you new information that was likely foreign to you, yet very familiar intuitively. + +Your first reaction is to scroll down. You see so many words. You are pleased. Many will upvote and comment for visibility or post a reminder so they can read it later while taking a shit lmao many will later read this on the toilet laughing like a crazy person. And many will award without even reading **this** part predicting it. + +If you ever found yourself wondering *"Why the fuck does this post have so many awards and people didn't even read it yet"* + +Well this is why. + +Because hype. Because long post. Because memes. Because emotional trigger at the beginning. Because the tiny portion of information you received from the initial scroll down seemed legit. + +This is how Dark Apes can use your hype against you. And have been for a while. Writing long ass posts with verifiable information and funny memes to **anchor** authority and relatability to their username and then slip in a few minor FUD things that will go consciously unnoticed, yet subconsciously internalized. + +The reason you upvote and comment for visibility is so that once it gains traction, the wrinkled apes can dissect it and call it out as bullshit, or praise it as mana from heaven. + +Except the Dark Apes know their posts are bullshit. They don't care if it gets attacked, they just want it on the front page and inside your cranium. At that point their bots can do the fighting for them. And many of the so called wrinkles you're flagging down for help, are sleeper agents in disguise. + +So next time you see someone post, **consider reading the whole thing** before upvoting. + +\-------------------------------------- + +***(Side note: Anchoring means attaching. Like a ship throwing down an anchor to stay still. Anchoring is a metaphor for attaching feelings, words or ideas to a single object. The brain naturally anchors things every day. The smell of a hot cup of coffee reminds you of happiness. That's an anchor. Companies use this to brand their..*** + +*(SUPER META SIDE NOTE: And guess what, I'm tricking you again. What I'm doing right now with this side note is called a* [*pattern interrupt*](https://nlp-mentor.com/pattern-interrupt/)*. And THIS super meta side note is a* ***nested*** *pattern interrupt. Layering so many metas, your brain struggles to process them all at once.* + +*I interrupted your thought process before you could complete the original thought and painted a picture in your mind of a ship anchoring at a dock and the smell of a hot cup of coffee.* + +*Priming your subconscious for programming. Your brain doesn't have time to wonder if what I've said prior to this side note is true.* + +*For example, I have absolutely no idea whether or not Natural Language Processing was named NLP to obfuscate search results. I made it up. But because I did it in a side note with all the other shit, you likely shrugged it off and thought "Ohh shit! Seems like something they would do!" taking it as fact lol* + +*Even if you are in the Machine Learning field and thought that was stupid, it opened up the question "Wait.. really? No way..". And the only goal to FUD is to make you question. To make you say "Hmm...maybe...".* + +*If you find yourself initially reacting negatively to something but then saying "Hmm.. maybe.." That means a Dark Ape has done their job.* + +*And as you're distracted thinking about a boat or what ever bullshit visual pictures I'm painting, you take what I said as fact and continue reading without realizing you've been hypnotized.* + +*Further interrupting your train of thought by layering or "nesting" multiple side notes and stories together.* + +*Effectively "Open Looping" you. I give you a bit of information, and divert your attention to another thing and another thing and on and on and your brain NEEDS closure on all these things so it reads more to find out the conclusion.* + +*That's why you see so many videos marketing a product or service telling a story and then saying "I'll get to the answer to that question in a minute. BUT first......." That's an open loop.)* + +**..products in your mind when you think of a product or service. Band-Aid for example. People just call all bandages "Band-aids" even if they're not created by that company.** + +**This sort of branding is used everywhere. And many people probably went up to read the bold text at the top to remember what this bold text at the bottom was saying because I fed you so much information it was hard to keep up.** + +**And by the time you reach the next paragraph, you'll probably have to do the same thing to keep up with the main story. And for those who** ***haven't*** **struggled to keep up, this bit explaining it diverts your attention further by filling up your mental ram with more things you need to conceptualize at one time.** + +**Congrats fucker, you got** [open looped](https://www.mindtools.co.th/personal-development/nlp-nested-loops/)**.*****)*** + +\-------------------------------------- + +>*(****4th wall break****: Take this moment to shake off the stress. If you read through that whole thing up to now, you likely gained a few wrinkles and are disoriented. It's okay to be like "holy shit", stare at the wall for a moment, maybe re-read up a bit to catch your bearings and continue reading the main story.* +*We have a long journey ahead.* + +\-------------------------------------- + +**Main story continued:** Meticulously breaking down the beginning of this post. + +I used the Fry sus meme. + +A well known meme that conveys "sus" by considering two choices. + +"Not sure if **this** or **that**." + +And I modified the structure of the meme from simple text to a long drawn out message and kept the text right under Fry's eye level. Which is sort of suffocating him in world-wind of thought, yet still keeping that "sus" squinty eye motif. + +It disrupts your senses because you're not used to so many words on that meme and so it puts your brain into focus mode. + +Narrowing your focus to be able to read every word. + +As you continue reading, you find that it accurately describes a year's worth of research + a year's worth of FUD into one meme. + +The text underneath it says *"Whoa that's a lot of words for a meme"* and it's probably what you were thinking so you laugh or roll your eyes not realizing that I trapped you into a thought box. + +It interrupts the pattern you were building saying *"What the fuck, why so many words"* and destresses you by saying *"hey I know, don't worry lol".* + +And that creates relatability. + +The wall of text gets spammed into your brain, which has been trained to filter out FUD and bullshit. + +It's essentially a DOS attack on the brain. + +Usually you're more careful when you read things so as to not fall for an opinion trap. + +But all these things being thrown at you, the visual, the amount of information, the trip down memory lane, the annoyance of how many words were used, and then the final emotional rug pull that said *"I knew what you were thinking"* makes it so hard for your brain to filter anything out. + +So you end up internalizing every word and without realizing it, forming an opinion the next time you encounter a similar scenario. Which influences your thoughts and actions and lowers your guard. + +If I didn't explain it so in depth, you might have walked away from this post with your guard lowered just a tiny bit. + +Thinking *"Oh maybe that guy who posted that thing on Twitter isn't actually a shill, he's just an idiot. Let me educate him because he's just a misinformed ape" So you'll sit there hashing it out with him going back and forth typing....* + +\------------------------ + +*(Side note:* + +*Again I forced your brain to do something I wanted it to do. I conjured up a scenario for your brain to play out like a movie. A memory maybe or a vision of the future* ***you***, scrolling on Twitter and reacting to a shill post. + +***Be very fucking conscious of your state of mind*** *when you notice yourself reading something and simultaneously getting visions and pictures drawn up. It's a trap.)* + +*(Other side note:* + +*The previous side note caused you to have a meta experience.* + +*Your brain may have shown you a vision of yourself getting visions while reading lmao* + +*AND if it didn't, this side note forces you to remember a time that you did. It's called a* [*Hypnotic Suggestion*](https://hypnotc.com/ericksonian-language-patterns-indirect-hypnotic-suggestions/)*.* + +*If I say "****Don't think of a green triangle****", your brain has to* ***first*** *think of a green triangle to* ***not*** *think of a green triangle. It wasn't thinking of it before I said it. But now it is.* + +*Look you're thinking of a* ***Dorito***. + +*Now* ***the chart***. + +*Now you're* ***eating a Dorito while looking at the chart.*** + +*You can't help but envision it as you read it.* + +[lmao](https://preview.redd.it/iqr5rhm10bd81.jpg?width=1000&format=pjpg&auto=webp&s=3cc57e53d9f81df1a68f43f1b18269e7b1f6bf63) + +&#x200B; + +*The brain is a computer. Every word you read is a fucking command. Your senses are input terminals. This is well known and studied and documented. It's everywhere. It's in political speeches. It's in song lyrics. It's in movies and TV shows. Advertising agencies use it to.... SEEE THERE I GO AGAIN DISTRACTING YOU.* ***BE ON GUARD!!)*** + +\------------------------ + +>***4th wall break***: Did you notice a strange build up and then subtle release of tension after that rollercoaster of side notes? Did you notice how the meme lowered the tension a bit? +*It's within that tension and release that grabs ahold of your subconscious and implants suggestions and ideas. Recognize when you're feeling tension while reading and wonder what's happening during the release.* +Okay back to the main story. + +\------------------------ + +And then instead of ignoring the shill like you normally would, you would enter into banter mode and exchange words and hear him out and take his FUD for genuine curiosity. + +It is this banter which opens the door for them to plant more ideas into your mind without you realizing it. *(Whoa, meta meta meta)* + +Congrats punk, you got played. And have been getting played this whole time by the pool of memes you've been mindlessly scrolling while taking a shit lmao **BE ON GUARD!!!** + +Because of this principle: + +**Advertising without advertising is still advertising.** + +**Mentioning something without mentioning it is still mentioning it.** + +**Posting a DRS screenshot with some stonk other than GME is most likely an example of this tactic.** + +**Saying "I'm an XYZ ape, but I wish you GME apes luck!!!" is still advertising XYZ stonk.** + +There are countless examples of it but I'm sure your mind is already filling in the blanks as the wrinkles are now starting to form in crevice's you didn't know existed xD + +If you've been paying attention, you can begin to see things in a new light and bullshit will now easily and effortlessly jump out at you when you see it. + +Realizing that the real battle is for your SUBCONSCIOUS not your conscious. + +You have a conscious mind and a subconscious mind. Think of your conscious mind as the filtered version of your subconscious. That bitch sees EVERYTHING. But it can't focus on everything at once. + +So it filters things out that it feels is important. + +Everything else that it isn't able to filter out gets internalized and sorted later. + +If I can distract your conscious mind, I can plant shit into your subconscious which subtly alters your behavior. + +It's like sleight of hand but with your brain's storage system. + +\------------------------ + +Now I promised to explain why this meme was FUD in disguise + +&#x200B; + +https://preview.redd.it/1rvwubw50bd81.png?width=1277&format=png&auto=webp&s=f8554949a356d8733dd0c330616ae2ee5f5b2eaf + +On the surface this appears to be a harmless joke/meme. + +But this meme was created using a dark art tactic. + +The fake bat ears I photoshopped onto Tai Lopez is called **branding**. + +It's a tool to help you remember my username and establish trust. + +It's a *meta*\-metaphor because Tai Lopez used shill tactics in that video to casually just say *"Here in my garage"* while showing he doesn't care about a Lamborghini. + +He used literally the same tactic I'm describing with the meme....IN the meme..... To sell a course. + +For my tactic though, you look at the Computershared Lambo and get all hyped while anchoring a subtle subtext of "Thabat" next to something that triggers an emotional response in your brain. + +But in reality, I could use a bunch of bots to spam photoshopped bat ears or some **other** **cute cartoon animal** onto memes, along with ***quotes of things I've said*** to brand myself as an authority. + +A master shill already did this. And if I did my job properly, that **cute fluffy animal** should pop up in your mind without me even saying who. And it's just now dawning on you and you're like *"Ohh shit wow that makes sense"*. + +That's another tactic they employ. It's powerful. Explaining something in such a way that evokes a picture in your mind but not actually saying it. Or if they do say something, they'll hint towards an idea then back off of it. + +And if you've been following along so far, you'd probably realize that just by mentioning something casually and reasonably backing off of it, I'm planting the idea in your mind. And that gives me leeway if someone calls me out on it. + +**Someone calling me out:** *"Hey you were saying this or that"* + +***Me:*** *"No, I backed off of it. I didn't say this or that. I just brought it up casually and it's not my actual opinion. I just want you to think of this or that".* + +Sort of like if someone mentions price is going to **spike** during a **certain week** and then talk about buying call options. + +BUT saying **not** to buy call options for that **certain week** that it's going to **spike**. + +Saying instead to buy longer call options for February. + +They *"backed off*" of the idea they wanted you to consider. And then they or their shill bros can come and say *"NOOO THATS NOT WHAT I / HE SAID. If you bought for that week like we hypnotized you to do, then you're an idiot!!!"*... **Yeah bullshit lmao** + +The way they all presented it got you to form your own conclusion to buy cheaper calls for that week. And then fucking rug pull like I predicted. + +Is **\*insert person I planted in your mind a minute ago\*** a Dark Ape? + +Who knows. I think so. Just based on what I've experienced. And I'm openly saying it. That's my opinion which I'm entitled to have. Not backing off of it. + +Whether he is or isn't doesn't matter. He actually might not be and I could just be paranoid. + +\------------------------ + +>***4th Wall Break:*** *See I* ***said*** *I'm not backing off of it but then backed off of it lmao it's a way to inject a strong opinion into your brain while also seeming reasonable so you don't question my intentions. It's bullshit. Saying one thing and doing another. And the shills do it constantly.* + +\------------------------ + +Do you see how easy it is to get you to wonder? + +To plant ideas under the radar and make you think *"questioning"* it was your idea? + +I could have just wrote that whole part without pointing out that it's already been done by someone and let your brain work it's way there by following the logic and applying it to another example. + +You'd eventually think "Oh wait what about that other guy.. Did *he* do that branding technique?" + +Or I could even just use fake accounts to comment and stir shit up like Bart Simpson at the Bank lmao + +[WHAT DO YOU MEAN THERE'S NO MONEY IN THE BANK!?? Dark Apes pose as Apes and say shit just to rile you up.](https://i.redd.it/p9f7of8i0bd81.gif) + +\------------------------ + +**Lesson 2:** + +**Hype Baiting** + +Any time you see someone hyping something up, it's baiting. Hyping dates, hyping ideas, hyping anything. Alluding to drama. + +**Drama = Controversy = Hype = Gets people talking** + +Cyberpunk 77 is the most infamous example. I was hyped for 2 years. I wanted that game more than anything in the world. They promised so much, I felt it was gonna be better than reality itself lmaooo + +&#x200B; + +[Random Cyberpunk meme just to fill the post out because most people only half read and will scroll down, see memes and post \\"Commenting for visibility\\" lmao.. shill tactic. Using meme hype against you.](https://preview.redd.it/xu5oab8l0bd81.jpg?width=1280&format=pjpg&auto=webp&s=942c09e212f38d772101b46ee97f70dd89c74227) + +Random Cyberpunk meme just to fill the post out because most people only half read and will scroll down, see memes and post "Commenting for visibility" lmao.. shill tactic. Using meme hype against you. + +And then an hour into it I'm like uhhhhh what the fuck is this. I finished the game just because I had so much hype, I had to finish it. But I still got a refund because it was terrible. The story was good BUT look how I'm distracting you again with another common relatable experience. + +You only hype something up if you feel pulling it out and laying it on the table isn't good enough as it is.) + +Any time I posted something that went viral, I didn't hype anything. + +I just whipped it out and said **"Here. Take it."** And it was good enough on it's own that it gained traction because people shared it. + +BeyoncĆ© didn't advertise one of her albums and it still blew up because it was just fucking good on it's own. + +Ask yourself "*What is their real motive?*". + +Because anyone HYPING something has a rug pull in mind somewhere. + +Somehow. + +Why? + +BECAUSE YOU DON'T HAVE TO HYPE SOMETHING IF IT'S AMAZING. + +It'll speak for itself. I hyped this post on Twitter as an example so I could say it now. + +Hyping and pre-marketing things before release is a shill tactic. To create a buzz. To imply there's a time limit to something so you remember it. It's an anchoring technique + +EVEN FUCKING GAMESTOP.. That guy who calls himself SMRT hype baited us to buy merch with a tweet about the NFT without mentioning the NFT but knowing we all were hyped about it. He hype baited us. + +I trust Gamestop as a company just a tiny bit less because of that. + +And before you get all riled up... + +SHORTS HAVE NOT COVERED. 2+2 = 4. THEY MUST COVER. + +It's math. + +But that math has nothing to do with Gamestop using ape's hype to sell merch. + +Ryan Cohen's plan is to turn the company around using OUR FUCKING HYPE as the catalyst for the transformation. WITHOUT APE HYPE THERE IS NO TRANSFORMATION. + +Shorts are fucking us on the **stock** and Gamestop is fucking us on the **merch**. + +EVERYONE IS TRYING TO FUCK THE APES ONE WAY OR ANOTHER. ANDDDDD look how you're getting all riled up even though I said not to... All while I'm injecting FUD about Gamestop. + +That was a **pace** and a **lead** which is covered in the next lesson. Pacing and leading is giving you a few things you can agree with to soften something you might otherwise disagree with. + +You were either thinking 1 of 2 things while reading that: + +1. BLASPHEMY!!!! FUCK YOU!! I LOVE GAMESTOP. HYPE HYPE HYPE!!! I'm gonna comment on the post and call you out on that bullshit. +2. YEAH FUCK EVERYONE. APES ARE ON OUR OWN!! EVEN GAMESTOP IS AGAINST US!!!! + +Either way it would get you to comment about it because you're riled up. I hype baited you with that whole paragraph. Hype bait doesn't have to just be dates. I baited you to post an angry comment using your hype. + +That's whole thing was bullshit lmao I mean yeah some of it is true and reasonable to conclude because business is business and you'd expect a company to try to make sales and strike while the iron is hot. + +It's a GOOD thing. But it's the NARRATIVE I was painting just now that is FUD to make you sus of Gamestop overall. Shills DO THIS EVERY DAY. And we all fall for it in some shape or form. + +Why? **More comments = higher visibility.** That's all a shill wants. Engagement. + +Understand it when you see it. Control your fucking emotions. Think before you comment. + +If I were a part of a shill team of dark apes, I would have planned for every angry response and then wait for people to fall into the trap to stir more shit up so you'll keep arguing which increases comment count. The only comments I want to see in THIS post are fucking zen comments. + +Shills will do this shit to you constantly and gaslight you just to create traction on the post or a tweet. And good hearted apes will **defend** them and their **bullshit excuses** because they play on emotions. + +They make seemingly reasonable gaslit responses just to provoke you, and spread FUD so people will come to their aid. + +Yes. YOU might be enraged about something. Yes YOU might see it for the bullshit that it is. BUT continuing to engage someone who is dead set on gaslighting you will only allow them more room to gaslight OTHER people. + +You know you're right. But furthering the conversation gives other people a chance to consider the dark ape's point of view. Which means you're spreading FUD unintentionally by allowing them to debate you. + +Just say your piece and bounce. No back and forth. + +IF you understand what I'm trying to tell you, just be Zen. Don't argue with anyone. Because the shills are gonna be ALL OVER this post. I guarantee it. + +**Be on guard people.** + +\------------------------ + +**Lesson 3:** + +[Pacing and Leading](https://www.mindwhirl.com/marketing/marketing-psychology/how-to-persuade-anyone-using-pacing-and-leading/)**.** + +I'll just show a screenshot of a comment I made on a post a couple weeks ago for this one. It serves as the perfect example of this shit. + +https://preview.redd.it/8ifv55xn0bd81.png?width=1093&format=png&auto=webp&s=0383a197fe0cb5cadcf324200a3ba20d5e8530cb + +https://preview.redd.it/nfrnbx1p0bd81.png?width=1440&format=png&auto=webp&s=cacc4fb312aab3e880af7c539906bc38e4d87c1c + +&#x200B; + +\------------------------ + +**Lesson 4:** + +**Levels of The Dark Apes.** + +In my experience I have come across many levels of Dark Apes. + +This lesson is everything I've learned about them. + +**Type A: The Obvious shill.** + +This is your typical meltdowner. They're active in meltdown, they post shit purposefully to fuck with you. They're OBVIOUS in their attacks. Purposefully obvious. So that you get a baseline of what they want you to think a shill actually is. + +If this is the game of Chess, these are your sort of "Pawn" shills. + +Expendable, easily countered. Obviously a shill. Provoking you by saying shit like *"Shorts covered bro haha bag holder conspiracy theorist!"*. + +These exist to fuck with easily provoked apes. If you have $500 in DRS and that's basically your life savings and you've never done stocks before.. You, like all of us who first started this game, are prone to emotional attacks. + +I remember when I first started investing. I was just so naĆÆve. I would paper hand so easily. + +These Type A, Obvious shills serve two purposes: To provoke the beginners into paper handing, and to show the wrinklier apes a baseline shill so you'll be blindsided by higher tiered shills. + +There aren't as many as there used to be of these types. Because we're in the endgame. And in the endgame, there's rarely any pawns. But there are still a few stragglers on the edge of the board. + +These are the ones who will gaslight you to no end. They exist to troll. Nothing more. + +\------------------------ + +**Type B: The (not so obvious) Journeyman Dark Ape.** + +This is the type of shill who will post memes and brigade Bart Simpson in the bank style. + +They relate to you. They agree with you on things that you agree with on a "core value" system. They exist to feel like "one of the apes". Someone you'd want to have a beer with. + +If you've ever seen The Truman Show.. They're this fucker right here: + +&#x200B; + +[But everything they say is a lie.](https://preview.redd.it/0zrppuaq0bd81.jpg?width=260&format=pjpg&auto=webp&s=025a4c26f15d33804fd8b70eef6c808a79d1e4ee) + +&#x200B; + +They will go along with you and befriend you. They might invite you into group chats. And LOL the day away. They'll say stupid shit. They MIGHT EVEN STICK A BANANA UP THEIR BUTT to prove how "Ape" they are. + +This is the brigadier. This is the one who seeps in unnoticed. This one will say 10 truths to slip in 1 lie. + +They might even actually be apes on the low. Holding for the inevitable MOASS. Double agents. + +But make no mistake. This is the most dangerous Dark Ape of them all. + +All other types exist to camouflage THIS type. + +They rarely make posts. If they do, it's to show DRS or to meme you into a false sense of security. + +No, this dark ape's agenda is comments. + +You check their comment history you'll see them agreeing with apes. You'll see them talking good about RC. You'll see them saying DRS is the way!! But... then you'll see them REASONABLY INJECTING BULLSHIT during a heated discussion. + +Hoping that their comment history will speak for them. Hoping you'll see 10 good wholesome ape comments and ignore the seemingly reasonable FUD questions they bring forth. + +These shills are VERY careful not to set off any alarms. If you fight them, they will eventually back down. They will not troll you. They will be "reasonable". They will say something and then back off of it. And go back into the shadows to shill another day. + +They will nit pick on small things autistically. Ignoring the bigger picture of what you're saying to get you to argue about tiny things. Semantics. That's to distract you from the actual point of what ever you're trying to say. + +I've noticed one thing about these shills. Their one weakness is calling them out when they use NLP tactics. + +I have literally called out dozens of these shills. Analyzing their comments, detailing what they're actually doing and then they delete their accounts. I laugh my ass off when it happens. + +They understand the Streisand effect. Calling attention to the bullshit just makes it a larger target. So they retreat instantly. When it happens on Twitter, they won't delete their account but will just stop responding lmao + +\------------------------ + +**Type C: The DD Influencer Dark Ape.** + +This is Criand or Gherk or possibly me for example. Someone who writes posts that shifts mass perspective. Anyone with a top 100 post of all time on SuperStonk can potentially be in this category. + +The DD Influencer Dark Ape is dangerous because they provide value and demonstrate a high caliber level of proficiency in the dark arts by the fact that they write so poetically to entrance you. + +Maybe this type of Dark Ape doesn't start out as a shill. Maybe they genuinely have good intentions in the beginning. BUT they gain so much attention that they become a target for hedgies to bribe or threaten. + +People look up to us. People tag us in comments for wrinkles. People want more of our brains. + +Well, that can be leveraged by hedge funds. If I were a shill, I could easily get people to paper hand. + +Maybe not the hardest diamond hand rock solid HODLers.. But I could get a large majority who are weak in their resolve. And so could Gherk, so could Criand. So could whoever. If they do it skillfully. Over a long period of time. Subtly spread FUD and mindfuck people to come to their own conclusion that this might take longer than they expected and rent is due now lol It's possible. + +>**4th Wall Break:** That last paragraph was designed to enrage you to comment *"NO ONE CAN GET ME TO SELL! I JUST LIKE THE STOCK!!! DIAMOND HANDSSSSSS"* lol.. Don't get hype baited. Recognize this shit when you see it. It's subtle but your brain is now beginning to see it. + +Watch the fuck out for these people. Even me. No hero worship. THIS INCLUDES DFV. + +YES even our beloved messiah. + +Imagine hedgies got to him by threatening his family somehow.. And he makes a post during a fake squeeze that he sold. DFV could make even me question my sanity lmao + +NO HERO WORSHIP. None. Think of respect as rent. + +Respect is due every time you post something. Not based on what you posted prior. But what the fuck are you CURRENTLY saying. No matter WHO it is. + +Remember this phrase: + +**"Go by the narrative, not the narrator."** + +I don't give a fuck WHO says something. How respected they are. Where they come from or what they've said in the past. Go by the **narrative**, not the **narrator**. + +If I, the **narrator,** suddenly start shifting the **narrative** to sell, or to say the shorts already covered, or that I won't DRS my shares, or that Ryan Cohen is evil lmao.. That means I was a shill all along. + +You look at WHAT THEY'RE ACTUALLY SAYING AND DOING. Not who's saying it. + +Look at the EFFECT of one's actions, not the words they say. + +Did they say something that leveled you up and exposed the truth, or did they say something that shrouded something in mystery, moved goal posts, switch up their words, said something then backed off of it, created a divide to distract and confuse you which ended up causing a chain of events that helps the hedgies? + +Overall, did they help the community or hurt it? Not by their words but by the **effects** of their words and actions. + +I'm hoping the EFFECT of THIS post will be people being more aware of their state of mind while reading and instantly and effortlessly spot bullshit when they see it. + +If what someone is saying doesn't line up with the narrative of truth, then the only other option is a lie. + +It doesn't matter how preposterous it seems. Doesn't matter if the scheme would have to be gigantic and so many other people would have to be "in on it" for it to be true. + +The most logical answer is the true answer. Magic doesn't exist. + +Example: If every scientist randomly came out to say that puppies are evil overlords from another planet, here to sell space drugs and make you feel cute emotions to distract you.. And debates are had to discuss how and why. And Neil DeGrasse Tyson, Bill Nye, Joe Rogan, whoever.. EVERYONE was saying it.. + +*"Jamie, pull that up for me"* + +*"Well yeah, it seems like the data suggests this has to be true."* + +*"That's wild stuff man. Fucking puppies man... shit... What do we do about it?"* + +*"Adopt cats I guess..."*. + +But you see through the bullshit.. And you know there's some other reason they're saying that. And you look into it yourself and find evidence that points to them being paid by a cat breeding corporation.. + +The most logical answer is that they're all in on it and trying to stop people from buying puppy shares and instead focus on cat adoptions. <------ *Adoptions is just "options" with extra letters. See what I did there?* + +*Also did you notice a mini movie run in your mind again while you imagined a fake scenario with Neil DeGrasse Tyson and Bill Nye on Joe Rogan's podcast?* + +*Did you imagine for a brief moment, all the stupid shit they would say?* ***BE ON GUARD AT ALL TIMES***! + +Go by the **narrative**, not the **narrator**. Social proof, clout, and authority does NOT equal truth. + +Truth is truth and lies are lies. Regardless of **who** or **how many** are saying **what**. + +The only things that matter are: + +1. **Shorts have not covered.** +2. **DRS BOOK is the way.** +3. **GME is the only stonk.** + +\------------------------ + +**Conclusion:** + +You now have The Defense Against The Dark Apes uploaded in your subconscious and hopefully FUD will just bounce off of you every time you see it. + +I hope this strengthens the community and helps more people have eyes to see and ears to hear. + +This isn't to divide, but to strengthen your mind with a skillset and a compass towards truth. + +If you liked this post please consider subscribing to my [YouTube](https://www.youtube.com/watch?v=dQw4w9WgXcQ). +First time poster , long time lurker + +TLDR; My question is ; how do i go about utilizing my company stock discount buying the correct way ? + +A note of gratitude to this awesome subreddit: + +I work for a fortune 500 company and wanted to say to everyone here is greatly inspiring with big dreams and achievements that have inspired me to start my own business . + +The stories of people achieving FatFire speaks to me far more then just FIRE as i have always been ambition driven + +That being said , i am still in the building phase and have a full time job. I hope within the next year I could go full time in my business. Wish me luck ! + +Edit 1 ; probably should have mentioned it is a health insurance giant . + +My thoughts after reading so many helpful comments; will probably go for some short term buy and sell . If a dip occurs one year from now - yes Iā€™m bearish due to the political climate- if it remains a permanent dip then its a quick short term investment. If itā€™s temporary than it will be an even greater long term one . +Just saw [this post](https://www.reddit.com/r/politics/comments/9to3r6/forget_the_minimum_wage_lets_have_a_maximum_wage/?st=JO0RS4BN&sh=4ef2c739) today on r/Politics and had to chuckle. + + +Earned wages don't build wealth - solid investments, innovation, and/or compounding interest does. Ironically enough, capping wages is likely to only harm the middle class while further concentrating wealth among the wealthy. + + +Anyone disagree or wish to add insight from their experience? + + + +I am a struggling financially, obviously. Iā€™m a single parent: I had my car window broken and someone stole my purse. Jokes on them, it was actually my diaper bag šŸ˜‚ no money in that! Anyways, I get my window fixed today for $250. On my way to work, I ran something over and I got a flat. I get that taken care of by fix a flat. Just needed something temporary to make it to work and my boss bought me 4 brand new tires. I wanted to cry. He told me itā€™s going to start snowing and I canā€™t be driving around with tires like that with my son in the car with me. So beyond thankful. +# TLDR: + +# 'Forum slidingā€™ + +* Good DD comes out but shills make old post more active thus pushing the new DD to the bottom + * The stock is up bc of newā€™s/DD but the sub is nothing but memes/noise + +# 'Consensus Crackingā€™ + +* New DD comes out but fake accounts/shills write up the same thing but dumb it down/flip the view point over time + * Take everything for a small grain of salt + +# 'Topic Dilutionā€™ + +* Trolling +* Non-related posts + * Literally memes + * Keeps the public from being productive + +# 'Information Collectionā€™ + +* ā€œWhAt ArE yOuR pOsItIoNs/ HoW mAnY sHarEsā€ + * HFā€™s pay an absurd amount of money to collect data nobody else has and this just gives them strategic price points + +# ā€˜Anger Trollingā€™ + +* Using statistics to bend the truth +* Gaslighting + * Public figures + * Cramer + +# ā€˜Gaining Full Controlā€™ + +* Corrupting the mods + * The fall of WSB + +&#x200B; + +&#x200B; + +https://preview.redd.it/e60sxno7ecw61.png?width=1169&format=png&auto=webp&s=0d4c4daca6a2a08a1b1b2f30a8444cd65e184535 +Throwaway account, first post: + +Longtime lurker here. Iā€™m married, approx. 50 yo man with a wife and three kids in VHCOL area. Paid off house ($3.5M value) and second paid off house overseas ($500K value). Current liquid NW is $10.5M in traditional assets -- 70% equities, 20% bonds, 10% cash. Iā€™m planning the next liquidation of my crypto holdings, which are currently valued at $7.7M. My plan is to net, after tax $4.5M in USD at next sale (which I expect will occur in 2021 as prices rise) and put $2M into a Donor Advised Fund. That will leave me with a ā€œtraditionalā€ portfolio (USD) of $15M with an additional $5.2M in crypto under lock and key for the longer term. Plus the $4M in property. And the $2M DAF to give away over the next ten years. We no longer have jobs, so no new income coming in. + +My wife and I donā€™t have expensive tastes, per se, except high-end travel. With the extra money we can do this easily (we probably can now) at a 3% withdrawal rate. We arenā€™t interested in upgrading to mini-yachts, more property, etc. at this time. Iā€™m not interested in angel investing. I have an artistic pursuit that is enough for me. Giving money away in specific areas as part of the DAF will add an awesome element to our lives. + +Now, my question. My USD portfolio is managed by an amazing advisor who I trust and respect. They take a 1% fee which is worth it to me. Theyā€™ve done very well with my money since Iā€™ve gone to them and also over the history of their business. Their focus is equities. They are effectively stock pickers, which will sound bad to many on this forum, but they have a strong thesis that Iā€™m comfortable with. + +But, Iā€™m clearly in the wealth preservation mode of this journey. If you were in my situation, what would you do with the $4.5M after tax I expect to cash out this year? The easiest thing would be to give it to the financial advisor that I donā€™t have enough good things to say about. But it also makes me a little nervous because they are heavy in equities. Should I consider something different? The goal is to keep the wealth we have. Though, to make that happen Iā€™d like to have a shot at steady gains as well (though not interested in cash or more bonds I donā€™t think). What options would you consider? + +Note: This post is not to debate the value of crypto. Iā€™m confident in its value long term and Iā€™m respectfully not interested in you telling me its tulips or whatever. Iā€™ve done thousands of hours of research and am convinced in it's benefits over the long-term beyond the casino discussion when things pop like they are now. Iā€™m not trying to be rude, mind you, and I appreciate any advice on my question. + +Thank you for this forum. Not many places where rich people (still sounds weird saying it) can speak without censure about the unique challenges of having more than enough. +Kind of at a loss for words. I worked so many hours during the holiday month only for next week to only be working 4. I literally cannot survive or make rent so I have no idea what to do. We're (roommate and i) are running out of food. I don't / can't drive. We're going to be homeless if neither of us are getting hours and if I don't vocalize it I'm going to lose it. I guess that was Christmas gift. Homeless-ness. + +Advice is welcome. I'm just ranting while I'm able to still keep my phone on. +Sup folks, + +I've been around for a few years, and I'm (once) again getting the vibes of 2017 2018, or the ones before. The somewhat stagnant half year after good growth leading up to the crazy bullrun and then crash in particular. + +I'm definitely not saying it's going to be the same, cause honestly, feels like tea leaf reading. + +As I've been historically terrible at timing the market (like terrible) I'm a bit on the fence about this. But I am genuinely curious how you good folks see the current state of crypto. + +So why will it crash? Why won't it? + +Edit: wow, turned into a big one. Tried to reply to most but yeah irl interfered. + +Edit 2: Man that was fast. +Bunch of Credit Suisse posts around and wanted to find the sauce behind it all without the speculation. Got asked to make this its own post, so here it is. + +Found that all of the points are reported by MSM, which almost never happens to big banks. MSM will try to retain a good relationship with banks, so that they can have a source. This is a sign that the kill is about to happen, and the vultures are starting to circle. + +Note that the following articles are mostly from the last week and from well-established financial news organizations, i.e. Reuters, Bloomberg, The Financial Times, Wall Street Journal. + +Credit Suisse is about to collapse. \[edit: not related\] ~~Possibly the reason for the emergency Fed meeting on Monday?~~ Use something like archive.is to circumvent paywalls (or if using DuckDuckGo, use the [DuckDuckGo !Bang](https://duckduckgo.com/bang) , *!ais <url>*): + +1. ā Their CEO sent out a memo about having a strong capital base and liquidity, which means they donā€™t. ā€œAppear strong when you are weakā€ (Sun Tzu), and, "All rumors are false until officially denied" ([Nassim Nicholas Taleb](https://twitter.com/nntaleb/status/1576208659486412802?s=46&t=Ki0TW7YlGb5y6pfbvON7gQ), also a former Credit Suisse trader), both apply here. [https://www.reuters.com/business/finance/credit-suisse-has-strong-capital-base-liquidity-ceo-memo-2022-09-30/](https://www.reuters.com/business/finance/credit-suisse-has-strong-capital-base-liquidity-ceo-memo-2022-09-30/) +2. Continuing the above, the statement was issued because they may not be able to meet their Credit Default Swap obligations, as it has reached 2009 levels and shares of Credit Suisse touched a new low. [https://www.bloomberg.com/news/articles/2022-10-02/credit-suisse-ceo-seeks-to-calm-as-default-swaps-near-2009-level](https://www.bloomberg.com/news/articles/2022-10-02/credit-suisse-ceo-seeks-to-calm-as-default-swaps-near-2009-level) +3. ā Jens Welter is leaving to go to Citi. You donā€™t abandon 27 years at a bank after getting promoted to the top investment banker nine months ago, unless you realize that the Sword of Damocles is hanging over your head. [https://www.ft.com/content/7f67de02-407c-41bf-aeb5-aa823c8d02c2](https://www.ft.com/content/7f67de02-407c-41bf-aeb5-aa823c8d02c2) +4. ā Credit Suisse keeps being on the losing end of a series of very large deals going bad after holding the bag for Archegos, and with the latest Citrix debt fallout, they were the most vulnerable and have to realize the losses now. [https://www.bloomberg.com/news/articles/2022-09-22/citrix-debt-debacle-heralds-a-day-of-reckoning-on-wall-street](https://www.bloomberg.com/news/articles/2022-09-22/citrix-debt-debacle-heralds-a-day-of-reckoning-on-wall-street) +5. \[edit: redundant to next article\] ~~ā Credit Suisse either lost a ton of money in swaps and/or all of their clients left, as their required client margin went from $8.9B to $25.5M in one year. Thatā€™s -99.71%.~~ [~~https://www.risk.net/risk-quantum/7954613/client-margin-at-credit-suisse-shrinks-to-just-25m~~](https://www.risk.net/risk-quantum/7954613/client-margin-at-credit-suisse-shrinks-to-just-25m) +6. Due to Archegos and trying to reduce risk, Credit Suisse exited the very profitable Prime Broker business, meaning it's not going to make money back there. [https://www.reuters.com/business/finance/prime-brokers-fight-clients-after-credit-suisses-exit-2022-09-16/](https://www.reuters.com/business/finance/prime-brokers-fight-clients-after-credit-suisses-exit-2022-09-16/) +7. ā Credit Suisse is broken now, and no one has the money or risk appetite to try to fix this very expensive problem to buy their debt or diluted equities. This WSJ article actually covered almost all of my points above. [https://www.wsj.com/articles/investors-put-a-price-on-credit-suisses-salvation-11664440211](https://www.wsj.com/articles/investors-put-a-price-on-credit-suisses-salvation-11664440211) + +TL;DR Theyā€™re fucked. + +&#x200B; + +So how do you make money? + +What would you have done with Lehman? What if they were bailed out by ~~Obama~~ Bush? You can guess the direction right, but time it wrong, and you, too, will be fucked. And lose your entire $100k inheritance from your Dad. + +If you are regarded, you know your own path to Valhalla. +I used Coinbase to buy Eth but what is the best wallet to buy other alt coins with? I really want to start jumping into this but don't know the best direction. + +Thanks for the help! +Welcome to the 4th installment of our Terrible Token Tuesdays! Here you can find some really bad ICO pitches we have compiled for you to #SOMO on (Satisfaction Of Missing Out) with us. + +Seele - https://concourseq.io/Q/Seele A project with a domain registered in January 2018, with a rogue admin who scammed the community out of $2M. Other team members mis-represented their professional qualifications on archived version of the project website. + +Water 2 the World - https://concourseq.io/Q/Water_2_The_World Project is a buzzword salad trying to sell a token for a project that needs none, with a domain that was registered a few months ago to a photography studio! + +Bridge Protocol - https://concourseq.io/Q/Bridge_Protocol - Project seems too young. Whois shows that the site was created on January 6th, while all team members stating their start date on the project as Jan 2018. Naturally the project has no MVP or public Github too! + +Streamity - https://concourseq.io/Q/Streamity For a decentralised exchange trying to compete with 0x and Kyber.network, the project has no MVP, no Github development, its Whitepaper has no technical details, and a lot of team members do not list the project on their LinkedIn. + +Krops - https://concourseq.io/Q/Krops - Company was delisted on stock exchanges and is attempting to distribute tokens to shareholders while ICO is under investigations from the SEC. There was also a documented attempt to get a positive ICO review by the project! + +The ConcourseQ team would like to thank everybody that helped on these DDs and all the others! + +**Join our discord here: https://discord.gg/KPcfhpj** + + +I thought I'd write about the last four years, an eventful time for Bitcoin and me. + +For those who don't know me, I'm Hal Finney. I got my start in crypto working on an early version of PGP, working closely with Phil Zimmermann. When Phil decided to start PGP Corporation, I was one of the first hires. I would work on PGP until my retirement. At the same time, I got involved with the Cypherpunks. I ran the first cryptographically based anonymous remailer, among other activities. + +Fast forward to late 2008 and the announcement of Bitcoin. I've noticed that cryptographic graybeards (I was in my mid 50's) tend to get cynical. I was more idealistic; I have always loved crypto, the mystery and the paradox of it. + +When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. They tend to have a knee jerk reaction. + +I was more positive. I had long been interested in cryptographic payment schemes. Plus I was lucky enough to meet and extensively correspond with both Wei Dai and Nick Szabo, generally acknowledged to have created ideas that would be realized with Bitcoin. I had made an attempt to create my own proof of work based currency, called RPOW. So I found Bitcoin facinating. + +When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them. + +Today, Satoshi's true identity has become a mystery. But at the time, I thought I was dealing with a young man of Japanese ancestry who was very smart and sincere. I've had the good fortune to know many brilliant people over the course of my life, so I recognize the signs. + +After a few days, bitcoin was running pretty stably, so I left it running. Those were the days when difficulty was 1, and you could find blocks with a CPU, not even a GPU. I mined several blocks over the next days. But I turned it off because it made my computer run hot, and the fan noise bothered me. In retrospect, I wish I had kept it up longer, but on the other hand I was extraordinarily lucky to be there at the beginning. It's one of those glass half full half empty things. + +The next I heard of Bitcoin was late 2010, when I was surprised to find that it was not only still going, bitcoins actually had monetary value. I dusted off my old wallet, and was relieved to discover that my bitcoins were still there. As the price climbed up to real money, I transferred the coins into an offline wallet, where hopefully they'll be worth something to my heirs. + +Speaking of heirs, I got a surprise in 2009, when I was suddenly diagnosed with a fatal disease. I was in the best shape of my life at the start of that year, I'd lost a lot of weight and taken up distance running. I'd run several half marathons, and I was starting to train for a full marathon. I worked my way up to 20+ mile runs, and I thought I was all set. That's when everything went wrong. + +My body began to fail. I slurred my speech, lost strength in my hands, and my legs were slow to recover. In August, 2009, I was given the diagnosis of ALS, also called Lou Gehrig's disease, after the famous baseball player who got it. + +ALS is a disease that kills moter neurons, which carry signals from the brain to the muscles. It causes first weakness, then gradually increasing paralysis. It is usually fatal in 2 to 5 years. My symptoms were mild at first and I continued to work, but fatigue and voice problems forced me to retire in early 2011. Since then the disease has continued its inexorable progression. + +Today, I am essentially paralyzed. I am fed through a tube, and my breathing is assisted through another tube. I operate the computer using a commercial eyetracker system. It also has a speech synthesizer, so this is my voice now. I spend all day in my power wheelchair. I worked up an interface using an arduino so that I can adjust my wheelchair's position using my eyes. + +It has been an adjustment, but my life is not too bad. I can still read, listen to music, and watch TV and movies. I recently discovered that I can even write code. It's very slow, probably 50 times slower than I was before. But I still love programming and it gives me goals. Currently I'm working on something Mike Hearn suggested, using the security features of modern processors, designed to support "Trusted Computing", to harden Bitcoin wallets. It's almost ready to release. I just have to do the documentation. + +And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go. + +That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy. + + +I thought I'd write about the last four years, an eventful time for Bitcoin and me. + +For those who don't know me, I'm Hal Finney. I got my start in crypto working on an early version of PGP, working closely with Phil Zimmermann. When Phil decided to start PGP Corporation, I was one of the first hires. I would work on PGP until my retirement. At the same time, I got involved with the Cypherpunks. I ran the first cryptographically based anonymous remailer, among other activities. + +Fast forward to late 2008 and the announcement of Bitcoin. I've noticed that cryptographic graybeards (I was in my mid 50's) tend to get cynical. I was more idealistic; I have always loved crypto, the mystery and the paradox of it. + +When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. They tend to have a knee jerk reaction. + +I was more positive. I had long been interested in cryptographic payment schemes. Plus I was lucky enough to meet and extensively correspond with both Wei Dai and Nick Szabo, generally acknowledged to have created ideas that would be realized with Bitcoin. I had made an attempt to create my own proof of work based currency, called RPOW. So I found Bitcoin facinating. + +When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them. + +Today, Satoshi's true identity has become a mystery. But at the time, I thought I was dealing with a young man of Japanese ancestry who was very smart and sincere. I've had the good fortune to know many brilliant people over the course of my life, so I recognize the signs. + +After a few days, bitcoin was running pretty stably, so I left it running. Those were the days when difficulty was 1, and you could find blocks with a CPU, not even a GPU. I mined several blocks over the next days. But I turned it off because it made my computer run hot, and the fan noise bothered me. In retrospect, I wish I had kept it up longer, but on the other hand I was extraordinarily lucky to be there at the beginning. It's one of those glass half full half empty things. + +The next I heard of Bitcoin was late 2010, when I was surprised to find that it was not only still going, bitcoins actually had monetary value. I dusted off my old wallet, and was relieved to discover that my bitcoins were still there. As the price climbed up to real money, I transferred the coins into an offline wallet, where hopefully they'll be worth something to my heirs. + +Speaking of heirs, I got a surprise in 2009, when I was suddenly diagnosed with a fatal disease. I was in the best shape of my life at the start of that year, I'd lost a lot of weight and taken up distance running. I'd run several half marathons, and I was starting to train for a full marathon. I worked my way up to 20+ mile runs, and I thought I was all set. That's when everything went wrong. + +My body began to fail. I slurred my speech, lost strength in my hands, and my legs were slow to recover. In August, 2009, I was given the diagnosis of ALS, also called Lou Gehrig's disease, after the famous baseball player who got it. + +ALS is a disease that kills moter neurons, which carry signals from the brain to the muscles. It causes first weakness, then gradually increasing paralysis. It is usually fatal in 2 to 5 years. My symptoms were mild at first and I continued to work, but fatigue and voice problems forced me to retire in early 2011. Since then the disease has continued its inexorable progression. + +Today, I am essentially paralyzed. I am fed through a tube, and my breathing is assisted through another tube. I operate the computer using a commercial eyetracker system. It also has a speech synthesizer, so this is my voice now. I spend all day in my power wheelchair. I worked up an interface using an arduino so that I can adjust my wheelchair's position using my eyes. + +It has been an adjustment, but my life is not too bad. I can still read, listen to music, and watch TV and movies. I recently discovered that I can even write code. It's very slow, probably 50 times slower than I was before. But I still love programming and it gives me goals. Currently I'm working on something Mike Hearn suggested, using the security features of modern processors, designed to support "Trusted Computing", to harden Bitcoin wallets. It's almost ready to release. I just have to do the documentation. + +And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go. + +That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy. +it's 12/1, which means it's officially the end of #NoSpendNovmeber.... I'd be lying if I told you I made it through the entire month without spending a single dollar... but I must admit this challenge has opened my eyes in so many ways I could probably write a book. + +My total spend for the month (excluding Rent / Utilities) was $21 dollars. Most of that money went to purchasing items for people in need, but I must admit I did buy a specialty latte at the start of last week... it was gingerbread, I couldn't resist.... + +As for a couple of my "takeaways" from the project... +-Dry Cleaning is a non-essential, if you learn how to iron a dress shirt +- Bulk Frozen Veggies / meat taste great if re-constituted appropriately +-Being drunk at a bar is highly over rated, and being sober while people watching is beyond entertaining +- Rejecting first dates on the basis of #NoSpendNovmeber is surprisingly offensive to people? +-Taking advantage of the free coffee at work saved me over $100 +- Not eating out doesn't mean you'll lose weight, intact, relying on hand outs from your office, or left overs from your parents will cause you to gain 10lbs + +Honestly the list goes on and I might add to it later... but for now, I welcome December, and I welcome being a consumer again! + +**Edit: ā€“ Other stuff I learned during No Spend November** + +- Youā€™d be surprised at how easy it is to decorate for the holidays using paper, tape and other odds and ends you find around your house +- I managed to throw a pot-luck dinner cooking a dish I had in my house, and encouraged my friends to over cook and bring BYOT (Bring Your Own Tupperware) We all (myself included) ended up with a good variety of left overs that we ate for lunches for the next few days. +- To fill my extra time (not spending money on adventures through Philadelphia freed up an extra 5 hours a week!) I took up reading and decided to visit every park I could before it got too cold. +- I also took the time to re-connect with old friends via skypeā€¦ itā€™s free and I got to fill hours with adventurous stories. +- Volunteering became a big part of the month too, but I did have self-centered intentions. I volunteered at theatres to see shows for free, and Soup kitchens hand out their left overs to the staff at the end of the night! + +Iā€™ve never understood/cared to understand superannuation. + +All I know is that someone has $33,000 of my money that has essentially been taken from my paycheque without my choice and I canā€™t access it until Iā€™m too old to do anything worthwhile with it. + +I know I sound arrogant, stupid and short-sighted, and I am admittedly somewhat playing devilā€™s advocate with my antagonistic phrasing. + +If someone could explain what the benefits are and why I shouldnā€™t feel this way I am completely open to listening. +EDIT: I should have probably been more specific. I was thinking along the lines of who is going to survive as things continue to get worse - like in a total lockdown scenario. + +All things will slow down dramatically including public services. Sure your industry might survive, but do you think your particular job within that business will if everything just... stops? Medical workers are the obviously immune to this (and thank you for the work you're doing and will do throughout this). +Australia could avoid a technical recession and maintain its record of having the worldā€™s longest economic growth streak ā€“ economists say it is possible the economy did not contract in the first quarter, despite the bushfires and early COVID-19 shutdowns. + +Although the market consensus is for a negative GDP print for the first quarter, to be released on Wednesday, economists say it is a close call, and the lucky country could avoid a technical recession ā€“ two consecutive quarters of negative economic growth. + + +Some economists suggest Treasurer Josh Frydenberg may be getting some good news on the GDP front. Alex Ellinghausen + +Although a heavy contraction is expected for the second quarter, a positive print in the first quarter could mean Australia avoids the recession tag, given that a sharp rebound in activity is forecast for the third quarter. + +Five of the 24 economists surveyed by Bloomberg forecast a positive first-quarter figure, although this remains subject to the final partial data points to be released early this week. + +"The housing sector was starting to pick up and mining investment increased slightly," said Tony Morriss, Bank of America head of Australia and New Zealand economics, who is forecasting a 0.1 per cent increase in the first quarter. + +"While construction work done fell in the first quarter, the underlying components reflected a rise in private engineering and non-residential building work." + +Mr Morriss also noted that a sharp increase in resources exports might have offset the weakness in services. A small increase in consumption through household spending before the lockdowns in March may also have been enough to support the economy. + +Deutsche Bank economist Phil Odonaghoe said while there was no doubt Australia was "in recession", he was expecting the economy would avoid a technical recession. + +There's often been cases where a negative looked likely and then something else comes along and pushes it up. + +ā€” Shane Oliver, AMP Capital chief economist + +"Business investment partials released [last week] were soft, but have actually have held up better than we expected," he said. + +"Despite a weaker outcome on dwelling investment, and ahead of key partials due next week, that leaves our Q1 GDP forecast sitting at 0.1 per cent. + +"The net of all that means, potentially, just one negative quarter of growth in 2020." + +According to Bloomberg, the consensus forecast for Wednesday's GDP is a 0.4 per cent contraction. + +Although the majority of economists forecast a small contraction as their base case, many acknowledge that a positive result is possible. + +"The most likely outcome is a small negative, but I've seen enough of these to know we still get it wrong and there are a lot of things we don't have much visibility on," said AMP Capital chief economist Shane Oliver. + +"There's often been cases where a negative looked likely and then something else comes along and pushes it up." + +The bar to avoiding the technical recession tag is pretty low. Even a flat print on Wednesday would be sufficient to avoid the label. + +Australia last recorded a technical recession in 1991. + +While there is potential for the country to continue its record run of economic growth, the label does little to ease the underlying problems being felt during the COVID-19 pandemic. + +"It is possible that GDP may have expanded in the first quarter," said ANZ head of Australian economics David Plank. + +"While some will no doubt claim this means Australiaā€™s uninterrupted run of no recession since the early 1990s continues, the fact that close to 20 per cent of the population is unemployed or underemployed demonstrates how little substance there is in the so-called ā€˜technicalā€™ recession of two negative quarters in a row." +Like a gym membership, boxing/MMA gyms, rock climbing/bouldering, Netflix/Stan, pole/silks? + +EDIT: damn everyone has interesting hobbies! My only hobby that I do regularly is going to the gym. +When I say Netflix/Stan I mean watching movies as a hobby :p +I'm not saying there isn't a bubble, just that posting constant and repetitive speculation about it bursting is ~~not contributing to this sub~~ effectively a repost, and has never been accurate. + +Edit: I'm not saying they should be banned, just that it's been done to death, very rarely offers something new, and I think that giving subscribers the option to filter it out for themselves would be a neat addition to the quality of the sub. + +Edit2: If you're downvoting this, ask yourself whether this filter will affect you. I don't want to affect the content of the sub, I don't want to downvote stuff, I just want to enjoy a repost free experience. +Somehow today a [post](https://www.reddit.com/r/Superstonk/comments/p7irql/ruh_roh_kenneth_did_someone_say_rico/) made over 7k+upvotes about a random supposed sticky floor holder who filed a civil lawsuit against Kenny, FINRA (which he misspells FNRA through his filing), SEC, DTCC, and many others including various brokers. A few people were quick to point out that this filing is full of spelling and grammatical errors, and randomly capitalized words. + +&#x200B; + +Guys, check Twitter: [https://twitter.com/DonnahueGeorge/with\_replies](https://twitter.com/DonnahueGeorge/with_replies) + +&#x200B; + +https://preview.redd.it/184iy6dxdei71.png?width=1196&format=png&auto=webp&s=851fb5ba4e6d50d3c39cd591c5e2ef46e8dcc484 + +&#x200B; + +Didn't anyone notice this account hasn't posted in nearly 2 years and just came back to post about filing this lawsuit? He's not following anyone in the stock world nor tweeted about it at all. It doesn't appear he even has any stock yet I see people already asking him how they can donate to this 'cause'. (you can't succeed with a lawsuit if you have no standing-aka: skin in the game, been wronged financially, etc) This screams ambulance chaser or scam. This man also is quite litigious and has filed a number of frivolous lawsuits that were subsequently tossed out including the SSA. + +&#x200B; + +I was more worried about the comments (we've seen enough scams and know how to spot them), hundreds of people excited that Kenny was 'going to jail', or going in front of a jury, etc. This case will probably not ever even make a court calendar let alone will he be seated in the same room presenting evidence against Kenny. Superstonkers always do their DD so let's try and do some before upvoting crazy posts like these. If it sounds too good to be true, it probably is. + +&#x200B; + +Not that Kenny doesn't deserve all of those things but we need federal prosecutors and the criminal justice system to do the job, not civil lawsuits from people hoping to get paid off to go away. Anyone can file a lawsuit but filing lawsuits like these can result in having to pay Kenny G's legal fees and other civil infractions for wasting the court's time with frivolous lawsuits. + +&#x200B; + +edit: I didn't mean to malign the OP (sorry u/Noderpsy) and suggest the lawsuit wasn't filed or he posted fake news, there was just a lot of misinformation in the comments. I was mainly trying to let people know this isn't an official investigation nor was this man who filed acting in any official capacity and that he is just a private citizen. I had been originally just replying to comments but there were so many I figured I'd make a new post. + +&#x200B; + +https://preview.redd.it/j57xftkbcei71.png?width=674&format=png&auto=webp&s=f51e9d06eaf0027aef650edfa0a33bf078aed185 +Hello everybody! Yes, Iā€™m still here. + +I wrote a post a couple weeks ago about T+35 FTDā€™s. [T+35 is the one true "cycle"](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/) + +Iā€™ve been wanting to write a follow up post for a while, but I didnā€™t want to write it until I had more answers. That led me down a very deep and confusing path tracking ETFs, and to be honest, I probably wonā€™t be able to get a full picture for a bit. So I'll go ahead and do a quick follow up post now. + +&#x200B; + +**Does T+35 still happen?** + +Yes. Theyā€™re not always easy to spot. 6/25 had 40,000 FTDs were most likely covered at 12:20 EST. 6/17 had a 90,000 volume candle which could have easily been the next three days worth of FTDs. Remember, there is nothing forcing them to wait until the last day. This is just what they HAVE been doing. After my post got some attention, I noticed a difference in the FTD behavior. Either they wait until the last possible minute, they cover in the first minute, they cover multiple days early, etc. + +&#x200B; + +**Why is it 35 days? (technically, before the 35th day)** + +The stock gets shorted and settles into an FTD in T+2. Normally, Rule 204 would require them to close the FTD within a day or two. But on the FTD day, they sell a put giving them the ā€œdeem to ownā€ clause of Rule 204. When they are ā€œdeemed to ownā€ a share, they are able to wait 35 days from the ***transaction date***. This is why the 34 days starts on the FTD date, not the date it was shorted like you may think. + +If you want proof of this, there is a certain stock that reminds me of a leprechaun. It had a HUGE FTD day in early june. Next thing you know, Put OI sky rocketed. Check other less popular meme stocks and you will probably see the same thing. + +&#x200B; + +**What about ETF FTDs?** + +In my post I stated that ETF FTDs behave the same way as GME FTDs. This is only partially true. They DO get delayed 35 days. They DO NOT get covered on the 34th day following the FTD. There are details within Rule 204 that make the timing slightly different. Iā€™ve spent the last couple of weeks figuring out all the nitty gritty detailsā€¦ but woahā€¦ itā€™s a mess. Iā€™d like to make a post sometime soon with my findings. + +&#x200B; + +**Why do FTDs not do much anymore?** + +It looks like they are shorting the ETFs when they have GME FTDs due and shorting GME when they have ETF FTDs due. You can see this by going 34 days from an ETF FTD. The ETF and other non meme stock in the ETF will rise from the cover but GME will stay flat. I plan on covering this more in my future ETF post. But damn, that spring is getting extremely coiled. + +&#x200B; + +[Heatmap of ETF FTDs \(not weighted by &#37;GME\). Each ETF is colored individually so they are on their own scale.](https://preview.redd.it/tzjywmtg4m871.png?width=2242&format=png&auto=webp&s=3d1b425ba9041c37465618d6181449f8d8ab3d19) + +The top third is the heavier ETFs. Look at those cycles. Fun stuff. + +&#x200B; + +**Why didnā€™t the new 002 rule do anything?** + +I tried leaving a few comments to explain this, but I'm sure a lot of people didn't see it. Remember they were ***already*** satisfying the requirements of the old monthly rules when the new rule came into effect. The deposit for the old monthly rule was already made. I donā€™t see any reason why they suddenly would be over budget from a daily check. The effects of 002 probably wonā€™t be seen until the next GME run up. + +&#x200B; + +**Do the FTDs even matter?** + +GME FTDs, no... ETF FTDs, yes. The problems that were coming from the high numbers of GME FTDs have moved to the ETFs. Until the ETF FTDs hit a breaking point, GME will most likely stay flat and have an occasional spike like we saw on Wednesday. The way I see it, moving the problems to ETFs only delays everything at the cost of inflating the entire market. + +&#x200B; + +**When is the next big T+35 day?** + +Friday and Tuesday look decent. But history tells me it will be a spike and then settle again. They are putting in a lot of money to keep GME from taking off. + +&#x200B; + +**What does that mean for me?** + +Keep doing what you're doing. Itā€™s building up. Itā€™s coming, probably sooner than you think. Future posts will cover this. + +&#x200B; + +**Want to see something fun? GME is repeating itself.** + +The weeks after January are currently happening again at a higher floor. Why? I donā€™t know. It might have to do with quarterly options that have been open for a while. But I wouldnā€™t expect anything to happen for a week or two. ***\* not manipulated... I swear... hehe \**** + +&#x200B; + +https://preview.redd.it/cb1m05dm5m871.png?width=1097&format=png&auto=webp&s=5605fd333b0ac1d9b31c6ad16a290acd15d9202a + + + +**What about T+21?** + +I donā€™t know. Iā€™m still not sure T+21 is a thing. I think there are other factors in play that ended up giving GME spikes 21 days apart. Possibly two T+35 cycles at the same time. I have reason to believe the spike in May and the two in June came from ETFs. These are the same reasons I donā€™t think there will be much longer to wait. A couple weeksā€¦ but more on that in another post. + +&#x200B; + +\--------------------------------------------------------------------------- + + + +Alright, thatā€™s about all I wanted to cover as a follow up. Sorry it isnā€™t full of juicy content. I was waiting to post until I had real answers, but itā€™s taking longer than expected. The ETFs are the key to the puzzle and theyā€™re hitting a boiling point. + + + +**TL;DR:** + +* T+35 with GME FTDs still is a thing, but GME is being suppressed pretty hard right now. +* T+35 with ETF FTDs works, but itā€™s not 35. It's 35 days from the puts being sold. Iā€™ll have a new post in the future with more details. +* The driving forces behind GME have moved into the ETFs. +* HFs are switching back and forth between shorting GME directly and shorting the ETFs to keep GME consistently down. +* Iā€™ll have a post about ETFs in the next 4-5 days. + +&#x200B; + + + +Also, I made a twitter account so I can post thoughts throughout the day without needing to write a full post. I donā€™t know how much Iā€™ll use it. [https://twitter.com/dentisttft](https://twitter.com/dentisttft) + +I had to turn off most of my notifications. The best way to get a hold of me is by tagging me in a comment. It never notifies me of tags in postsā€¦ so make sure itā€™s a comment. I try to respond to all tags. + +&#x200B; + +Alright, pce\~\~\~ + +\- u/dentisttft +My wife had identity theft last year. It was a bad one -- they got a gmail account with over a decade of personal info in there and were able, in around a day, to worm through a bunch of accounts. TFA y'all right now if you don't have. This prompted several weeks of pretty intensive phone and certified mail conversations. We followed the PF wiki to the letter, froze everything, but we are still dealing with a few repercussions that have been stubborn. + +The most serious of these is that the fraudsters managed to secure a $10,000 loan in the first days before everything was locked down from SoFi. SoFi wanted a whole fraud packet filled out, which we did, which required a full police report. The full police report took over a month to get and of course SoFi lost the first one and we had to resend. By this time, the account had been sent to collections. They conducted a fraud investigation (which took another month or so) and concluded that indeed the money had been sent to an account of my wife's, so this was not fraudulent. They have been unable to identify that account, however. We then filed a CFPB request specifically asking for that info, and they came back and said "it was transferred to an account in your name and we can't divulge more" essentially. + +It's been over 6 months now, my wife's credit took an enormous hit, the colllection agency is calling regularly (we tell them it is fraud and won't pay). At this point, we are stuck. SoFi won't divulge more. As I see it, we either retain a lawyer and start a legal proceeding, or we suck it up and we negotiate with the collection agency and hope her credit recovers. My question to PF is which makes more sense. The justice of the thing favors the lawyer, but in the end I can see how that could end up more expensive than just paying the thing. However paying the thing assumes liability for the debt and it could hang on her credit report for another 7 years, right? Would love some sort of guidance. +Apple receives $10B a year to show Googleā€™s homepage by default on Safari. If Apple was to introduce their own search engine, this practice would obviously cease. For almost anyone else, it would be laughable to try and compete with Googleā€™s search engine, but we are talking about a company with more cash than any other, ever. They could afford it and if they were successful, the ad revenue would become a significant part of their business. The linked article shows ample evidence that Apple is moving towards launching a search engine offering. Has this been factored into Apple and Googleā€™s stock price? Given Apple recently hit $125 a share and is now at $115 ($116 after hours), it could represent a very good entry point to take advantage of this being introduced in 2021. + + +https://www.coywolf.news/seo/apple-search-engine/ +Iā€™m soon to graduate from university with a degree in cyber security and have a couple job offers lined up. Although, Iā€™m finding it hard to make a decision which I want. Iā€™ve listed the two jobs below and would like to know opinions on what youā€™d think is best? + + +Job A: +* Graduate role in company with <100 employees (expanding rapidly however and working with fortune 100 companies often) +* Permanent role controlling the IT department as IT project manager (EDIT: They use external companies for most IT things, so will be managing those contracts and new contracts/products wanted - therefore donā€™t need expertise in all areas) +* Live at home and therefore see friends & family +* Cheap rent +* Estimate savings >Ā£20K per year +* Pays Ā£3k more than Job B + + + +Job B: +* Graduate Scheme in Fortune 100 Company and recognized name +* Assumption to have role in company at same location after scheme +* 2hr from home and friends +* Rent flat / house share which will be expensive +* Estimated savings around Ā£10k per year ( estimated from graduate scheme pay ) +* Good benefits + +EDIT: Iā€™ve done work experience in software engineering and a year placement in IT at fortune 100 Companies alongside my university degree. + +Iā€™m leaning towards Job A as Iā€™ll make more money quickly and therefore be able to buy a house quicker while also being able to see friends and family living at home. + +Although, job B might be better for my future in the way itā€™s a recognized company, has graduate scheme which will fast track me in gaining experience and Iā€™ll get better benefits, etc from this company. However, living away from home does seem like a real burden and Iā€™m sure the job Iā€™m offered after the graduate scheme will be in the same location which Iā€™m not too fond of. But in the end, I can always switch company after the scheme if I donā€™t get used to it. +Four different attorneys have told us that the nursing home is well within its rights, there's nothing we can do about it, and it'd be cheaper to just pay them off. Make sure you plan for this. You can read more about filial support laws in the links below. Basically, if you have a parent or adult child that's not paying and is incapable of paying his or her medical/long-term care bills, YOU can be held financially liable to pay them. It doesn't matter that they will completely wipe out your savings, your ability to send your children to college, and significantly increase your expected retirement age. + +Our assets are a combined savings of $550,000 and a house that's worth ~$200,000, so we're capable of paying the bill and that's all the courts really care about. We actually would have been better off NOT being financially responsible and NOT trying to save for retirement, and the nursing home probably never would have bothered suing us since they would have had nothing to gain. My husband and I are about to lose 10 years of hard work due to our ignorance of the law. We had planned on retiring in our early 50s. Looks like it's going to be 60s or 70s now. + +http://en.wikipedia.org/wiki/Filial_responsibility_laws + +http://www.paelderlaw.com/attorney-group-seeks-repeal-of-pa-filial-support-law/ + +http://www.forbes.com/sites/northwesternmutual/2014/02/03/who-will-pay-for-moms-or-dads-nursing-home-bill-filial-support-laws-and-long-term-care/ +This was published today on the [DTCC "Important Notices" page](https://www.dtcc.com/legal/important-notices). + +[Changes to DTC Collateral Haircuts](https://www.dtcc.com/-/media/Files/pdf/2021/5/4/B15129-21.pdf) + +From my frictionless brain, it seems they are making an effort to redefine how certain collateral is valued when examining risk. + +"***The term haircut*** is most commonly used when referencing the percentage difference between an asset's market value and the amount that can be used as collateral for a loan. There is a difference between these values because market prices change over time, which the lender needs to accommodate for. For example, if a person needs a $10,000 loan and wants to use their $10,000 stock portfolio as collateral, the bank is likely to recognize the $10,000 portfolio as worth only $5,000 in collateral. The $5,000 or 50% reduction in the asset's value, for collateral purposes, is called the haircut." + +[Define "Haircut" from Investopedia](https://www.investopedia.com/terms/h/haircut.asp) + +[More info about DTCC collateral monitoring](https://dtcclearning.com/products-and-services/settlement/settlement-services/risk-management/296-risk-management-overview/2278-using-the-collateral-monitor-to-measure-available-collateral.html) + +Very bottom of the second link -- "DTC may reduce its risk by assigning higher haircuts, where applicable, to equity securities designated as highly volatile, based on their historical price volatility. " + +EDIT: [This is the old link from 2018 to compare values.](https://www.dtcc.com/-/media/Files/pdf/2018/8/10/9180-18.pdf) I am curious if this has to do with using the zero coupon bonds as collateral? I'm not sure....just think this is more about bonds....check comments for more weathered brains. + +TLDR: Maybe the MOASS can start now that the equity securities are getting rid of the current YEE YEE ASS HAIRCUTS. Time for a 50% off fresh fade, Shitadel. +Related article: https://www.cnn.com/2022/04/06/investing/retirement-savings-401k-investing-roth-ira/index.html + +> Last week Congress almost unanimously passed another bill, SECURE 2.0, that has even broader changes. The Senate is expected to pass its version in the coming weeks. + +The goal is to get people to save more for retirement. + +Some of the changes: + +* **Automatic Enrollment**: Starting at 3% deferral, and increments 1% annually until 10%. Participant can opt out. +* **Pre-retirees save more**: Catch-up deferrals will be $10,000. Originally $6,500. +* **Pay off student loan debt while saving**: Sounds like an added plan design option is to have matching extended to student loan payments. In addition to matching deferrals, student loan payments can be matched. From my understanding the matching will go towards the 401(k). +* **Delay mandatory withdrawals and limit tax penalties**: Starting RMD will be 75 instead of 72. And penalty will be 25% instead of 50%. + +Overall I think these changes are an improvement. There is still a lot more that can be done though. + +Personally I am into the RMD updates. I see it helping with my FIRE plans in that it delays the forcing of withdrawing from the tax advantage account. I hope they continue improving the options we have. +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1579824159403933696) .@The_DTCC The news from Germany is global margin calls. Is #DTCC & members ready to assume liability of @citsecurities et al and their billion share naked short of $GME #GME? There are ~69m shares left in the float. You need to buy each share 14.5x. You can have mine for... +šŸ‘¾Stranger Coin | Why this Ragtag Group of Investors are Mooning towards $1 Million MC šŸŒ•and Why Your Wife's Boyfriend Will Finally be Jealous of You if you Jump in Now + +If some of you apes haven't heard of the math nerds over at šŸ‘¾StrangerCoin yet, it's time to enlighten your smooth brains and tell you about their never ending endowment tendies. + +For those that don't know. What stranger coin has done is used their taxes and placed them into high yield pancakeswap farmsšŸšœthat are currently yielding 78.12%. They take 90% of the interest to buy back and burn stranger and 10% of the interest is left to compound in the farm. If you check their telegram one of their users has posted in one of the pinned posts some insane math numbers on the marketcap growth the endowment gets. + +Basically if you take Stranger Coin's January monthly volume of $250,000, which is nothing insane, and you assume the token has no growth in volume and it stays flat, and there is also equal buying and selling pressure, under these circumstances the endowment fund would push the market cap up 180,000% over 5 years. So $1,000 would turn into $1.8 million over 5 years. Naturally this has attracted a lot of diamond hand investors looking for a safe investment and is causing StrangerCoin to moon šŸŒ•with very little interest in selling from the diamond hands looking to ride the endowment tendie train šŸšƒ. + +If you want to check out the math yourself go take a look at their TG. CG and CMC have been applied for and Dev is planning a press release on yahoo finance to explain the endowment concept and math implications to a broader audience. + +šŸ‘¾Strangernomics: šŸ‘¾ + +āœ…Buy Tax: 10% + +āœ…0.8% Liquidity + +āœ…6.75% Endowment + +āœ…2.45% Marketing + + +āœ…Sell Tax: 15% + +āœ…1.2% Liquidity + +āœ…10% Endowment + +āœ…3.8% Marketing + +Links: + +āœ… Telegram: [https://t.me/strangercoin](https://t.me/strangercoin) + +āœ… Website: [https://strangercoin.com](https://strangercoin.com) ([https://strangercoin.com/](https://strangercoin.com/)) + +āœ… Liquidity Locks: [https://mudra.website/?certificate=yes&type=0&lp=0x624ab53b843af0b63bf5eee7c5e97dc77b3cc729](https://mudra.website/?certificate=yes&type=0&lp=0x624ab53b843af0b63bf5eee7c5e97dc77b3cc729) [https://bscscan.com/tx/0xa32fd654e18583def62bd78db9c2d2cd2c6767dfe5b1c226edaa62cbd4331582](https://bscscan.com/tx/0xa32fd654e18583def62bd78db9c2d2cd2c6767dfe5b1c226edaa62cbd4331582) + +āœ… CA: 0xcee4579f115ac80731a2412121e119985020d9e0 +Iā€™d like to call myself a Bitcoin veteran who sold at wrong time but after getting back in the game with the recent rise of Eth, I can say Iā€™m not. + + +Coming from an IT background, I learned a little about the blockchain quickly with the emergence of Bitcoin and was convinced and preached it as a technology and its use cases because I truly believed in it. I had an counter argument for every skeptic out there.[Edit: Removed] And suddenly I made a few grand and I started to change. My feeling about everything suddenly changed. $ is fucked up. I listened to too much FUD and long story short, I sold. After a few fetal positions in the bathroom during a high rise, I bought back in, lost a few grand and got out again for good. [Edit: Removed] on a cost average of about 20K USD. + + +[Edit: Removed] I started becoming a degenerate like some of you and started consuming news again and getting hyped. Dumped that 6K in ETH and a few wire transfers later to Gemini all of a sudden, Iā€™m back in the game. + Checking Blockfolio ~~daily~~ hourly, watching my Crypto net worth fluctuating $1,000+ a day. + + +The reason why I say Iā€™m not a Bitcoin veteran is because it feels so much different this time around. I feel there is so much FUD and speculation but looking back it was all there with bitcoin, too (and much, MUCH, worse). I was just too ignorant to it and simply had weak hands when I became aware of it when I had some skin in the game. Ignorance is bliss sometimes. I was consumed by the good news and the idea behind it. Like I said, $ fucks with people. Every time I see someone say something negative about a coin now, I look at their history and they are invested in something else. Then I go on a analytical marathon trying to get my own opinion. + + +Before I got ā€œback in the gameā€ I told myself to not sell and donā€™t get fucked up by the market and FUD. Just be a robot and keep buying and stop worrying about the dips and the woulda-shouldaā€™s of timing. Donā€™t fucking day trade. Use my experience with Bitcoin as a learning lesson and keep cool. Thatā€™s much easier said than done. The reason for this post is self serving in that itā€™s checking myself because Iā€™m getting consumed by all this information and speculation and losing touch with my simple, yet solid point of view. + + This is not a short term investment. Be one of those fucking assholes you read about who just never sold years ago despite the unbelievable bad news, governmental scares, stealing of massive amounts of crypto, massive roller coasters and risk. Be prepared to lose everything even though subconsciously you think you wonā€™t. This should be easy in comparison to current situations. + + +I was planning on putting out massive bullet points on why I think Ethereum will succeed, but itā€™s just a re-hash of what someone else said which you can and may have already read. Opinions and beliefs have been set, the community and progress will decide. The whole point of this post (other than be therapeutically self-serving), is to say just believe in what you believe, donā€™t be swayed by some stranger and stay strong. Iā€™ve avoided the term this whole post which will be downvoted, but [Our Friend]( https://bitcointalk.org/index.php?topic=375643.0) said it much better than me in a much more succinctly way. + +Thanks for reading if you got this far + +Edit: Removed some potentially identifiable info + +Hi /r/ethtrader. In accordance with the rules this post is an AMA and will be the only introduction post to Ethbet made. Iā€™d like to introduce what Ethbet is and talk about what our goals are as well as respond to questions. + +EDIT: Questions seem to have died down after a few hours, I might be able to answer a few more if I see them, if not then thanks for the great questions! You can always email/DM us. + +Ethbet is the first peer-to-peer dicing platform on the Ethereum blockchain. Conventional dicing platforms have users bet against a house (sometimes even a decentralized house). Ethbet is different in that it allows users to bet directly against each other. Think of Ethbet as a decentralized exchange, but instead of posting offers to exchange currencies, users post offers to bet currencies with certain rules. + + +As Ethbet matches users up against each other instead of against a house, the need for a higher house edge is gone, and thus users will be able to bet with lower fees compared to alternatives. Any fees collected in this process are pure profit for Ethbet as there is no bankroll or risk of loss. Users are matched via an off-blockchain relay service, very similar to 0x. Our whitepaper provides more detail on this subject. + + +On initial release Ethbet will allow peer-to-peer dicing on the blockchain. After this, it is possible for us to add support for dicing using any Ethereum-based (ERC20) currency. Additional games may also be added based off of demand, but for now our scope is more concentrated on launching a successful dicing implementation, as this already takes quite a bit of effort to get perfectly. + + +If youā€™re interested in this project please read our whitepaper at https://ethbet.io/whitepaper.pdf. If you are familiar with 0x and Etheroll, our project can be thought of as a combination of both of these successful technologies. We have a demo on our website that is intended to illustrate the concept of peer-to-peer dicing at https://demo.ethbet.io/. Please keep in mind this demo does not function on the blockchain (yet), and thus is referred to as a demo instead of a beta. + + +Weā€™re holding our crowdsale this Sunday on September 17th at 8PM UTC, with which we hope to raise enough funding to allow the project to prosper over the course of the next year and beyond. Itā€™s a relatively smaller crowdsale with a hard cap of 5,000 ETH, and will be considered a success far below that amount. For more information visit https://crowdsale.ethbet.io/. + + +Iā€™m the project manager and lead developer, Iā€™m available via Reddit if thereā€™s any questions you have about this project. Please read the whitepaper (https://ethbet.io/whitepaper.pdf) and FAQ page (https://ethbet.io/faq.html) before asking questions. + +EDIT: Questions seem to have died down after a few hours, I might be able to answer a few more if I see them, if not then thanks for the great questions! You can always email/DM us. + + +Website: https://ethbet.io/ + +Whitepaper: https://ethbet.io/whitepaper.pdf + +Email : team@ethbet.io + +Github: https://github.com/Ethbet/ethbet + +Twitter: https://twitter.com/EthbetProject + +Reddit: https://reddit.com/r/ethbet + +Bitcointalk: https://bitcointalk.org/index.php?topic=2133120.0 + +Medium: https://medium.com/@ethbet + +*TLDRS;* + +*ā€¢****Both DRS Book and DSPP, are in book entry. Book entry is just an electronic form of holding of shares.*** + +*ā€¢DRS Book shares are withdrawn from DTC and Cede, this however was never stated in regards for DSPP Shares besides Paul stating ā€œThey arenā€™t held in DTCā€, but that they are held in ComputerShares Nominee (from my research in bold)* ***under BOTH the Investors name and the nominees****, which also meansā€¦* + +*ā€¢DSPP shares aren't 100% DRSed. As 100% would mean the share is held by just you and yourself.* + +***The Direct Registration System (DRS) allows registered securities to be held in electronic form without having a physical security certificate issued as evidence of ownership.*** + +*Reason why you can request a certificate only under DRS Book.* + +*ā€¢DSPP Shares are kept under nominee with an unknown percentage of shares being used for liquidity purposes with the DTC for market purposes. This doesn't happen with DRS.* + +*ā€¢DSPP Shares ARE HELD BENEFICIALLY 100%, which means your shares are held indirectly with a bank or broker dealer .. no information in anyway in regards of Computershares Nominee and for what it is.* + +***In my opinion, I like DRS Book, and so should you for true 100% ownership.*** + +# Intro šŸ‘‹ - + +Man, I personally didn't expect the traction of my posts (and others) to result in discussions regarding ***DRS Book and Plan Holdings*** to the point we 'needed' a mega thread because of the sheer volume of posts. + +From peaceful discussions, to being called a shill, FUDer. I was even told to stop 'scripting' at one point! + +Nonetheless I continued on putting the work to dig in every possible direction for sources that would allow discussions regarding the two that wouldn't result in removals due to 'misinformation' or to just be outright 'debunked'. + +***This post will be about my Due Diligence regarding the differences between DRS Book shares and DSPP/Plan Holding shares, and why I've come to the conclusion that -*** + +# DRS Book is The Way šŸ“š (my opinion šŸ˜‰) + +Lets dive in this pool of information together. šŸŠā€ā™‚ļø + +\----------------------------------------------- + + +*Disclaimer: None of this is financial advice, as I WILL be linking sources to my claims, so you can do your own due diligence regarding the subject matter in order.* + +***If you do happen to switch from Plan Holdings to DRS Book, please be aware that when terminating your DSPP plan, you will be canceling your auto-investment (investment made every 1st and/or 15th), as well as a sell of your fractional shares that YOU CAN CANCEL by the following methods linked and how to even just get a customer service rep to do the whole thing for you. (I recommend by phone if you're not tech savvy)*** + +[*https://www.reddit.com/r/Superstonk/comments/zld8ez/comment/j04wldx/?utm\_source=share&utm\_medium=web2x&context=3*](https://www.reddit.com/r/Superstonk/comments/zld8ez/comment/j04wldx/?utm_source=share&utm_medium=web2x&context=3) + + +\----------------------------------------------------- + +# /// Preface šŸ—æ /// + + +For me, I was aware of the Book vs Plan discussion wayyyy back in the beginning of this *DRS Saga* around August 2021, at that point, no one really 'cared' (including myself) for the differences in my memory as everyone was already *DRS Booked* due to everyone transferring out of brokerages under the *REQUEST* for a *DRS TRANSFER*. + +Fast forward to recent times, Ryan Cohen made a tweet of him wanting to be "Book KingšŸ‘‘šŸ“—". For the sake of authenticity, I will be staying away from all speculation and will only state "facts" from sources that are reputable, such as *AMAs, FAQs, any customer service representative interactions I've had, including Penny the Computer Share bot, and any SEC filings that pertain to this, as well as DR. T.* + +Anyways, when people started speaking on "Booking your shares", I couldn't help but notice the odd amount of backlash for something so harmless? I say harmless well .. because Booking your shares would move them with your DRSed shares that were already in said portfolio. What harm could that possibly cause I asked myself. + +I started investigating by looking at older posts on Super that were then slandered as 'misinformation' because it was already debunked and were ancient lol. Here's my first comment using those posts as 'sources' regarding it. + +[https://www.reddit.com/r/Superstonk/comments/yzliyv/comment/ix1boka/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/yzliyv/comment/ix1boka/?utm_source=share&utm_medium=web2x&context=3) + +Then, this was the first major combat against anti-book I found. + +[https://www.reddit.com/r/Superstonk/comments/yznl77/comment/ix18sv2/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/yznl77/comment/ix18sv2/?utm_source=share&utm_medium=web2x&context=3) + +I repeated the process *(I moved from DSPP to DRS Book solely on the negativity around it, I've seen it before so I got a move on before hand)* of moving shares from DSPP to DRS Book because I did recall a terms of service hyperlink and this is the said link. + +//// [https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798](https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798) //// + +# //// The Beginning šŸŒ± //// + +This is the *Computershare DirectStock: A Direct Stock Purchase and Dividend Reinvestment Plan* + +First thing I did when I was smoother brained regarding the subject matter, I did the good ol' CTRL+F to search the document for ***"DRS".*** + +This is what started it all. + +https://preview.redd.it/n1lfz3o5qt5a1.png?width=1042&format=png&auto=webp&s=0aedfb337f62a1e91785ba818053c4209c9f631e + +This just simply lit a lightbulb in my head, "So .. they ARE different in a sense." + +I made a comment basically stating "Under the termination of said plan, your shares that were 'DRS' will be ... moving to DRS?" as well as stating that under actual DRS statements it says "DTC Withdrawal" instead of "Optional Cash" with DSPP. + +[https://www.reddit.com/r/Superstonk/comments/yzs2sr/comment/ix1u0tp/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/yzs2sr/comment/ix1u0tp/?utm_source=share&utm_medium=web2x&context=3) + + +People were completely going around the fact that it states "Move from DSPP to DRS Book". + +My main issue with trying to bring attention to the fact there are two different methods of holding shares was because apes were also still under the impression that "If any shares are purchased on Computershare, they were automatically Directly Registered." + +**So, I sent an email to Computershare to ask for "What are the differences between DRS and Plan Holdings."** + +The conversation raged on quietly in the corners of Super and still contained massive suppression and downvotes, saying that they're the same, using the FAQ as a leg to stand on when I knew deep down there was something missing and wrong. There's a misunderstanding somewhere. + +I stayed quiet while I was waiting for the email and ignored all Book vs Plan posts as it seemed they all died off for the most part . . . + +Until my post. + +# //// The Email šŸ“© //// + +I woke up, getting ready for work and I saw an email notification from ComputerShare pop up, didn't read it until I got to work. But boy was I excited to see what it read. + +https://preview.redd.it/x2jzle432u5a1.png?width=828&format=png&auto=webp&s=2ff412ef73bbc075dc0cba3b36062dd71a05cae2 + +Um ... wow an actual compare and contrast between the two! At first, I was immediately met with and I quote, + +"Fud forum sliding bullshit" ... along with tons of dislikes for about 20 minutes, I was confused at first, then I started seeing the climb of likes, the climb in discussion. People actually seeing that they were in fact two different ways of investing into GME, one was clearly ***DRS Book Shares and the other didn't mention being DRS what so ever.*** + +That was my main argument at first, to show that Plan Holdings wasn't DRS, and for that it was SPECIFICALLY CALLED . . . ***DRS BOOK SHARES not DRS PLAN HOLDINGS.*** + +The post was absolutely sky rocketing . . . but right before breaking 1,000 and I mean RIGHT before around 990 the post got removed. + +It was marked as misinformation. The Super Mod Team stated in a sticky; + + +>Hey there - although we appreciate the verification, there's still no practical difference between book & plan as outlined in person by Computershare representatives in this recent video: [https://www.reddit.com/r/Superstonk/comments/yznavj/computershare\_holding\_type\_no\_practical\_difference/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/yznavj/computershare_holding_type_no_practical_difference/?utm_source=share&utm_medium=web2x&context=3) +> +>Although your post is insightful, it still doesn't provide explanation to support the debunked idea that shares need to be changed from Plan to Book. Shares held in plan are not held by the DTCC: [https://www.reddit.com/r/Superstonk/comments/yzm40f/comment/ix0qbd2/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/yzm40f/comment/ix0qbd2/?utm_source=share&utm_medium=web2x&context=3) + + +Personally, I didn't like that response what so ever, but tbh, they are right. It didn't *specifically state that the shares aren't take out of DTC in plan holdings*, it was still, speculation on my part, I thought the name differences would be enough. But, I accepted defeat. Sat on it and thought about it here and there but didn't care much as that week was pretty busy because of thanksgiving. + +# Shortly after that post was taken down the same day, mods made a post about DRS Book vs Plan Holdings to keep things "clean and so no more misinformation" could fly around. As well as a new "Help us clean up the rules" with one asking AGAIN if DRS posts should be controlled in any manner. + +Keep this in mind. + +\---------------------------------------------------------- + +**So, I dropped the conversation for a lil over a week and then I saw this post.** + + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/z7yav8\/the\_plan\_versus\_book\_computershare\_debate\/ ](https://preview.redd.it/d2ckuav87u5a1.png?width=3344&format=png&auto=webp&s=de6e6c83e5df28f263136b90626f8f8022d6aca1) + + +I wont lie.. this post pissed me tf off. Straight up FUD when the topic was barely being spoken about at that time. People started questioning even harder, booking more and more. + +One person pointed out, + +*"If there's no difference, what's the point in trying to convince people there is no difference? j/w"* + +Another said, + +*"This is horseshit. Say out of 200k accounts, half have fractional shares. Its resonable to assume average fractional size is going to be 0.495 if there's an even spread of fractional shares.* + +*0.495 Ɨ 100,000 is 49,500 shares that may be sold out of 90,000,000. That's like 0.05%* + +*That's assuming all fractional shares are sold which isn't the case, my fractional wasn't sold, I've got 0.25 shares in plan. And plenty of others have kept their fractional too.* + +There were numerous posts that same day being anti-book for what ever reason. + +WHY IS THERE SO MUCH DAMN RESITANCE ON THIS TOPIC? + +///////////// + +So . . . I then decided to do something out of the ordinary in my opinion. + +# //// The DRS Book vs DSPP Test šŸ¤”šŸ’­ //// + +I decided to post two photos, with two titles respective to the photo shown. + +I wanted to see, which posts would stay up longer, which one would receive more likes, and if any would be taken down by the QV Bot, or by a moderator. *(before you come to any conclusions, it was the QV Bot, for which one? You'll know below.)* + +**Direct Stock Purchase Plan** // 26 likes ... stayed up for over an hour. + + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/z84nps\/direct\_stock\_purchase\_plan\/ ](https://preview.redd.it/rkqrnubjau5a1.png?width=929&format=png&auto=webp&s=68ccec17cd8293989d2bee3f900975cbac384093) + +**DRS Book Shares /// 0 likes ... stayed up for 10 minutes.** + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/z84qn4\/drs\_book\_shares\/?utm\_source=share&utm\_medium=web2x&context=3 ](https://preview.redd.it/cg28ve9nau5a1.png?width=937&format=png&auto=webp&s=ccae502101366825aff5ccd39d00329fd610bf04) + +# WELL WELL FUCKING WELL. WHAT DO WE HAVE HERE??? A very clear disapproval of DRS Book Shares. + +# I made a post immediately that you can view via the way back machine as well :) + +[https://www.reddit.com/r/Superstonk/comments/z85cgx/drs\_book\_shares\_vs\_dspp\_post\_test/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/z85cgx/drs_book_shares_vs_dspp_post_test/?utm_source=share&utm_medium=web2x&context=3) + +[https://web.archive.org/web/20221129203715/https://www.reddit.com/r/Superstonk/comments/z85cgx/drs\_book\_shares\_vs\_dspp\_post\_test/](https://web.archive.org/web/20221129203715/https://www.reddit.com/r/Superstonk/comments/z85cgx/drs_book_shares_vs_dspp_post_test/) + +Even a mod came in and confirmed that the 'DRS Book Shares' Post was removed due to the QV bot getting triggered for the DRS BOOK post and INCLUDING THE ONE ABOUT MY FINDINGS. + +BUT NOT FOR THE DSPP ONE. + +I left it at that because I knew this would come in handy in the future. + +https://preview.redd.it/2pv9od0ogy5a1.png?width=936&format=png&auto=webp&s=c3e6d1531961b6553d5614195b4099e77e832669 + +Well, I hope that got your tits jacked like a motherfucker, because going back and rereading everything makes me not regret a single second of trying to get to the bottom of this since no one else was. (that I'm aware of lmao) + +But I did end up leaving this topic alone for a whopping 10 days (that's long in super reddit days!) + + +&#x200B; + +While leaving it alone, I've been studying the Computershare AMA's from both Super and Jungle. I was going to continue being quiet and stock pile on knowledge until I saw this post state "It had a misleading title. + + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/zght2g\/comment\/izhjpog\/?context=3 ](https://preview.redd.it/qrr4a01heu5a1.png?width=960&format=png&auto=webp&s=bf73a2488f654188b30bbf93405a66de8a4e3dac) + +The title was "Direct Quote Regarding DRS from ComputerShare AMA #2" ... okay how is this misleading? What ever, that annoyed me to and that's what pushed me to my next push for discussion. + + +# //// ComputerShare AMAsšŸ“ŗ //// + + +The holy grail of information that moderators used including Computershares FAQs (that I'll get to later) + + +So I decided to re-watch the AMAs below as I'm now up to par with the vocabulary used within this discussion. The AMAs I watched are as followed. + + +AMA 1 [https://www.youtube.com/watch?v=LVEJo87jejo&t=1216s](https://www.youtube.com/watch?v=LVEJo87jejo&t=1216s) +AMA 2 [https://www.youtube.com/watch?v=bo427AW0anw](https://www.youtube.com/watch?v=bo427AW0anw) + + +Skipped AMA 3 as it didn't mention anything regarding DRS/DSPP, I've even asked Platinum if there was a referenced I missed ... no response. + + +AMA Via The Jungle [https://www.youtube.com/watch?v=zc2\_Zmvf8ZU&t=510s](https://www.youtube.com/watch?v=zc2_Zmvf8ZU&t=510s) + +# AMA Part 1 šŸ“ŗ /// Just gonna dive right in. From here on out, please read and/or listen carefully. I tried my best to write word for word, some points I will summarize into smaller sentences so I can pick up the pace at the time of writing this. + +&#x200B; + +> [06:40](https://www.youtube.com/watch?v=LVEJo87jejo&t=400s) and to clarify, do you know if the shares are removed from the DTCs books? + +&#x200B; + +>Paul: *So when one of these* ***DRS TRANSFERS*** *OCCURS, so when it comes out of the dtc system and goes into the investors name, we go through a double entry to remove the shares from the DTCC and Cede and Co, which is their nominee. We are taking the shares out of the dtcs "name".* + +**Simple, no mentioning of DSPP being taken out of DTCC and Cede. Moving on.** + +&#x200B; + +> [18:09](https://www.youtube.com/watch?v=LVEJo87jejo&t=1089s) People were kind of confused about seeing fractional shares on your platform, and that you actually display them, and it rightfully raised some eyebrows as a few people assumed that only one person can claim ownership to a single share certificate, and fractional shares is something thatā€™s kind of a broker thing in terms of how they purchase it, etc. so how do fractional shares actually work when it comes to ComputerShare and ownership? Do I share ownership with someone else if I have a fractional share? + +&#x200B; + +>Paul: *Okay, so let me try to answer that as there are a few different parts, if we're talking* ***about the Direct Registration System,*** *and how shares are recorded in individual investors names on the register, only whole shares are transferred from the* ***DTC --------> Investors Name or from Investors Name -----> to DTC****.* +> +>*Fractional shares can come about the DSPP (Direct Stock Purchase Plan) that* ***WE*** *operate, where* ***WE*** ***buy shares and record them in the investors name****, in that sense we have the ability to offer fractional shares. At any point, you may transfer to DRS to separate them.* + +*\*record scratch\** + +**Hold on, so you're telling me that YOU guys buy the shares and then YOU guys record them under our name, not the DTC putting them under our name via their DRS withdrawal system** ***which is what we see under our DRS statements*****,** ***"DTC Withdrawals".*** + +**Mark one, of how DRS Book is different from DSPP. Continuing ... also to add, it sounds very similar to this ..** [**https://www.investopedia.com/ask/answers/185.asp**](https://www.investopedia.com/ask/answers/185.asp) + +* A security is held in "street name" when a brokerage holds it on behalf of a client. ***(on behalf of the investor)*** +* The name that appears on the stock or bond certificate is that of the broker ***(in this case ComputerShares nominee which we'll get to)***, but the person who paid for the securities retains ownership rights. + +&#x200B; + +>[19:37](https://www.youtube.com/watch?v=LVEJo87jejo&t=1177s) essentially when it comes to share ownership, with the register itself, you donā€™t actually own that fractional share. + +&#x200B; + +>Paul: *So when you look into our system, you'll see your total number of shares, which may be made up of a Book Position (regarding this I'm sure he didn't mean to say that as he corrects himself soon after) as well as DRS position,* ***the DRS Position you own UNFETTERED in your name,*** *the shares that are in the plan represent a pool that* ***WE*** *operate on behalf of the investors (assuming this is in regards to us agreeing to the terms of conditions of the DSPP brochure), those shares can be withdrawn and moved to the other part of the account at any time. So you can buy shares through the plan and then transfer to DRS.* + + **unfettered/ĖŒÉ™nĖˆfedərd** + +1. **unrestrained or** **uninhibited****.** + +**So, DRS is unrestrained but DSPP is restrained? Interesting.** + +**Mark two of how DRS Book is different from DSPP.** + +# AMA Part 2 šŸ“ŗ /// + +> [11:09](https://www.youtube.com/watch?v=bo427AW0anw&t=669s) So when it comes to, I think clarifications for book entry versus direct stock purchase program, so we touched on it before, but we want to dive a bit deeper into it as well. And one of the main questions asked as a follow-up is the difference between book entry only shares and those purchase through the direct stock purchase program. Now, is there any difference in how these are directly registered? AKA, when it comes to ownership, direct registered in owner's name, but direct stock purchase is part of a pool. Does this mean that they are not in the owner's name in a way? + +&#x200B; + +>Paul: *Its a good question, we've been very clear, when shares are registered in DRS, the shares are registered directly on with the company with the investors own name. When investors are buying shares by the plan,* ***WE*** *record their names in a subclass within the register so the names are visible to the issuer, in a technical sense,* ***WE ARE*** *holding a portion of those shares in a* ***Computershare nominee*** *purely so we* ***can effect efficient settlement within the DTC****. Like I stated before, there is nothing stopping any investor from moving shares from the plan holding to the DRS holding. It can be done electronically, its free, there's nothing being untold here on what we're doing.* + +***SIGH*** **. . . See all the extra shit that's being done with Plan Holdings?** + +**They buy the shares with your money, put them under your name well, because you 'bought it', its held in a pool for liquidity purposes. Again, similar to street name.** + +One thing he doesn't mention, but it is implied, that SHARES HELD IN NOMINEE, ARE ALSO UNDER THE NOMINEES NAME. Where do I have this proof? + +# [Right in the ComputerShare DSPP brochure.](https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798) + +In this statement, (parenthesis) with *italics* are my edits. + + +>**Computershare will hold (including in the name of its nominee), all shares of stock purchased or deposited for Participants** ***(investors)*** **and will establish and maintain DirectStock account records** ***(Plan Holdings)*** **that reflect each Participantā€™s separate interest.** ***(separate interests as in DRS and Plan Holdings.)*** + +. . . Doesn't get any better than that huh? + +# AMA from Zee Jungle šŸŒæ /// + +&#x200B; + +>What's the difference between Book vs Plan? / Exact start point > [https://youtu.be/zc2\_Zmvf8ZU?t=369](https://youtu.be/zc2_Zmvf8ZU?t=369) \> + +> +>Q: "There's a lot of confusion online regarding this still, as you have discussed in previous interviews, DSPP shares are kept in a different custodial account which is different from Book Shares, correct?" + +&#x200B; + +>*Paul: Different from shares held in DRS Form, that is absolutely correct. Shares held in DRS are recorded as common shares on the register of the company, so they're held in pure legal form under the investors name. Shares purchased through the plan, are held in a subclass, as well as reported to the issuer, just as if they were common shares,* ***but the underline shares are held in nominee by ComputerShare.*** + +> +>*Those shares can however be moved between DSPP to DRS Book at anytime for free. The only reason we do this is purely for efficiency when we're buying . . . shares we need to deliver shares to the marketplace,* ***so having them in nominee helps.*** + +&#x200B; + +**There it is AGAIN, saying that shares in DSPP are not held in Pure Legal Form under the investors name. As they are HELD in nominee, not by YOU THE INVESTOR, the NOMINEE. They will gladly put your name on it as you did cough up the money .. but it is not. Yours 100%.** + +&#x200B; + +>Q: *Do these shares also count as beneficial shares vs registered shares? Are you saying that DSPP would be considered a beneficial ownership situation?* + +&#x200B; + +>*Paul: You're recorded directly on the register of the issuer, the issuer knows who you are so you have that benefit. The common shares are held by a ComputerShare entity, we don't hold 100% of shares that way, we just hold a number of shares that way so we can perform effective clearing and settlement. At any time, the investor can move the Plan to Pure DRS form.* + +&#x200B; + +# The man is saying yes. + + + +[https://www.investor.gov/what-registered-owner-what-beneficial-owner#:\~:text=A%20beneficial%20owner%20holds%20shares,own%20their%20securities%20this%20way](https://www.investor.gov/what-registered-owner-what-beneficial-owner#:~:text=A%20beneficial%20owner%20holds%20shares,own%20their%20securities%20this%20way). + +# What is a ā€œregisteredā€ owner? What is a ā€œbeneficialā€ owner? + +**As a shareholder of a public company you may hold shares directly or indirectly:** + +* **A registered owner or record holder holds shares directly with the company.** +* **A beneficial owner holds shares indirectly, through a bank or broker-dealer. Beneficial owners holding their shares at a broker-dealer or bank are sometimes said to be holding shares in ā€œstreet name.ā€ The majority of U.S investors own their securities this way.** + +Okay, lets see what the brochure says in regards of Broker Dealers. + +[https:\/\/cda.computershare.com\/Content\/7bfc0b25-4836-40a4-918c-9a86d658d798 ](https://preview.redd.it/8cq6hpmwlx5a1.png?width=656&format=png&auto=webp&s=6d1c77f8f9f31ec26472139802cee752ba01c9e5) + +&#x200B; + +# šŸ˜ moving on. + +&#x200B; + +&#x200B; + +So now that I am an ape with numerous wrinkles, a grand total of 2 added. I decided to give it another shot over this weekend. + +I posted my email again. + +# /// The Email, again but with wrinkles šŸ“©šŸ§  /// + +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/zi69k4\/computershare\_email\_112122\_differences\_between\/?utm\_source=share&utm\_medium=web2x&context=3 ](https://preview.redd.it/0d3mdfc2tx5a1.png?width=960&format=png&auto=webp&s=e06accdbca8b9130b7929a4746e335be0a15ddef) + +I posted it again as the discussions regarding Book vs Plan was nearly diminished, it was the opportune time to have a discussion regarding this as I was knowledgeable on the subject matter. + +I will say this RIGHT NOW. + +>I am not a shill. +> +>I am not trying to stir shit up. +> +>I am not in some group of FUDsters coordinating the Book and Plan discussion. +> +>I am an investor of GameStop. +> +>I like the stock. +> +>I want what is mine, to be mine. +> +>I did my research. +> +>I have been here almost every single day since the creation of this subreddit, Day 1. +> +>Snazzy Bananya's are cool asf + +I posted this image on Saturday December 10th 5:52 PM EST, I told myself to not make any claims myself in the comments so I can comment as unbiased as possible and only comment with information that can easily be backed up. I only made statements when it was prompted. + +You can look through my comments of the early minutes of said post and see the negativity that I was combating in side of my post as well as outside of my post a few hours after. + +If you need a reference point, it starts from when I commented; *Compare and Contrast of plans from CSR.* + +Have fun. + +I will leave it at that for this section. + +&#x200B; + +# /// The Mass Suppression/Mega Thread DebunkšŸ™Š /// + +***Off the bat, I'm not saying mods are compromised, as I do want to clear that up, I will not go down that route, that is up for discussion outside of this post. PLEASE.*** + +Shortly after my post and following comments, an avalanche of posts started raining down upon the feeds. + +I bet that shit was CHAOTIC. Again, it wasn't intentional and I am sorry if it did cause a boatload of stress with the already mountain of shit that's going on in the sub. But the conversation needed to happen. + +A way the moderators decided to suppress talk about DRS Book and Plan holdings because of the sheer volume of posts was to make a mega thread + +[https://www.reddit.com/r/Superstonk/comments/zjzcty/book\_v\_plan\_megathread/](https://www.reddit.com/r/Superstonk/comments/zjzcty/book_v_plan_megathread/) + +To not waste anymore time, I will hop into debunking the mega thread and misinformation/misinterpretation of the FAQs, as well as the cherry picking that's been done with DR. T, and others. + +# FAQs šŸ—‚ā“ /// + +Ah the beautiful FAQs, mentioned over and over. Now when diving in, use the information that has been provided not by me, but Paul himself above! + +Lets dive in. + + [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +* **What is a registered shareholder?** +*Registered shareholders, also known as "shareholders of record," are people or entities that hold shares* ***directly in their own name on the company register****. The issuer (or more usually its transfer agent, such as Computershare) keeps the records of ownership for the registered shareholders and provides services such as transferring shares, paying dividends, coordinating shareholder communications and more.* ***Shares can be held in both electronic (book entry) through the Direct Registration System (DRS) or certificated form (when permitted by the issuer company).*** + +***Absolutely zero mentions of DSPP in the FIRST FAQ.*** + + + +* **What are the benefits of being a registered shareholder?** +ā€‹*Ownership is recorded in* ***your name directly on the register of the company****. You are* ***legally*** *recognized as the direct owner of the shares. Computershare, as agent for the issuer, gives registered shareholders access to their holdings through our online Investor Center platform. Registered shareholders receive a proxy and can cast their vote directly at the company's shareholder meetings. The company has realā€‘time visibility of shareowners and can efficiently communicate with them. Other common registered shareholder rights include the right to transfer ownership of their shares to others, to directly receive share dividends and also to inspect certain corporate documents.* + +**Notice the word 'legally', here's a direct quote from Paul earlier.** + +>*Paul: Different from shares held in DRS Form, that is absolutely correct. Shares held in* ***DRS are recorded as common shares on the register of the company, so they're held in pure legal form under the investors name.*** + +*DRS yet again.* + +&#x200B; + +* **Can Computershare ā€˜lendā€™ shares that are registered in my name?** +ā€‹No. This is not an authorized function of a transfer agent for shares held in registered form. + +*DRS Shares can't be lent as we confirmed they are in fact Directly Registered, going off of the first FAQ.* + + +***I'm not confirming anything about DSPP, but . . .*** + + + +* **Are shares held through Computershare/Investor Center registered ownership shares or beneficially owned shares?** +ā€‹Shares managed directly through our Investor Center are transferred by DRS are entered onto the register in the shareholder's name. + +***\*whistles\* DSPP where? And why the work around?*** + +&#x200B; + +* **Can I receive a share certificate?** +ā€‹In some instances, although higher DTC withdrawal fees may apply. Typically companies register investors into a DRS holding by default. Some companies have stopped issuing share certificates and DRS is the only way shares are maintained on the register. + +***hm.*** + + + +* **What is a direct stock purchase plan?** +ā€‹Direct stock purchase plans are an alternative way to buy the shares of certain companies. Benefits of direct stock purchase plans include lower fees, the ability to set up automatic, periodic investments and automatic reinvestment of earned dividends. Individual companies set up direct purchase plans to allow investors to buy shares of stock directly in a company. ***The Company's transfer agent will effect trades through a trading broker and allocate shares to their registered accounts directly on the records of the company.*** For plan-specific information, including fees, shareholders should refer to relevant plan documents. + +***Lets read this part again.*** + +&#x200B; + +>***The Company's transfer agent (Computershare) will effect trades through a trading broker (???) and allocate shares to their (their as in apes and nominee ) registered accounts directly on the records of the company.*** + +***Remember, we share our DSPP shares with the nominee of Computershare that they deem worthy***. + +&#x200B; + +>**Computershare will hold (including IN the name of its nominee), all shares of stock purchased or deposited for Participants** ***(investors)*** **and will establish and maintain DirectStock account records** ***(Plan Holdings)*** **that reflect each Participantā€™s separate interest.** ***(separate interests as in DRS and Plan Holdings.)*** + + + +### Can fractional shares be held outside a direct stock purchase plan (DSPP)? + +* No. Fractional shares cannot be held outside a DSPP, nor can they be moved to a broker or another intermediary + +***Fractions aren't real shares āœØits a service within.*** + +* DRS and certificated holding types do not allow for fractional share ownership +* When an investor withdraws all or part of their shares in DSPP book-entry form and has them added to their DRS holding (for example after a DSPP purchase settles), any remaining fractional shares will be handled as set forth in the DSPP terms and conditions +* However, there is no requirement to sell fractional shares when transferring any whole shares +* The fractional shares may remain in the plan for as long as the investor chooses, subject to any specific conditions in the plan which may preclude the ownership of only fractional shares. + +***Added this just to clear up "selling fud"*** + + + +* **Can directly registered shares loaned or otherwise accessed by the DTCC, the DTC or any other entity?** +DTCC/DTC and Cede & Co cannot borrow shares from other registered shareholders. Computershare does not lend securities. Shares in direct registered form can be accessed by intermediaries where they are authorized to do so by the investor to sell or transfer them. This is evidenced to the Transfer Agent by the broker or bank transmitting the investorā€™s name and address, number of shares to be transferred and the investorā€™s unique holder identification number. This information is transmitted by the broker or bank through DTC to the Transfer Agent using the DRS Profile System. DTCā€™s FAST System governs the arrangement for managing Cede & Coā€™s dematerialized balance of shares on the register. Cede & Co.ā€™s holding increases as deposits into DTC are made by banks and brokers and decreases as withdrawals are made by those parties for investors. Please see the video above illustrating these processes for more information. + +***Questioning Directly Registered DRS BOOK, but not A SINGLE MENTION of DSPP/Direct Stock.*** + +***Ask yourself why.*** + +&#x200B; + +# Dr. T šŸ¦ /// + +A common tweet mods and users have been posting has been this ... + +[https:\/\/twitter.com\/SusanneTrimbath\/status\/1594838022381785090?s=20&t=Xh57WyC3rc6wdo5lhNbr7g ](https://preview.redd.it/2zxoqsd2cy5a1.png?width=606&format=png&auto=webp&s=4acce509a370bed2de580ce32df6a94da8d03471) + +Cool, "A difference w/o a distinction" is what people rolled with. But a tiny scroll below in her thread, you see this. + +https://preview.redd.it/7ft12a0ccy5a1.png?width=602&format=png&auto=webp&s=a9fef181de4e1e5f503793e654a0215d7fab72dc + +But yah know, that was the old FAQ, lets not talk about that, lets not talk about how many like to say "She's the one that created a lot of the rulings." + + +&#x200B; + +https://preview.redd.it/xizcncithy5a1.png?width=600&format=png&auto=webp&s=df129f41cffd7f0f87e078f3c9ee50412bbc5c3d + +But then .. DSPP records both our names and the nominee..? Sooo are DSPP shares not Directly Registered? Because the distinction is VERY clear with DRS as stated by Paul. + + +>Paul: *So when one of these* ***DRS TRANSFERS*** *OCCURS, so when it comes out of the dtc system and goes into the investors name, we go through a double entry to remove the shares from the DTCC and Cede and Co, which is their nominee. We are taking the shares out of the dtcs "name".* + +# "There really is no practical difference" šŸ¤·ā€ā™‚ļø /// + +Practical differences to Paul are for example, "fraction shares IS a practical difference." Difference on the surface that they advise investors on that doesn't change the way things are recorded. + +He's not saying "They're the same" he's saying "They behave the same." + +For example. + +# When you buy a book from [Teddy.com](https://Teddy.com) (Computershare DRS), those books are yours forever until you sell. When you get a Teddy book from the library (Shares purchased by Computershare that are then held in ComputerShares nominee), it is per say 'yours', but who really owns it? The library. + +He even says here that DSPP shares are beneficially held. + +You can watch the entire discussion between the two Plans starting here [https://youtu.be/9H\_pEIhIdTo?t=419](https://youtu.be/9H_pEIhIdTo?t=419). + +To end this segment. + +**DTC doesn't own or hold DSPP shares, that is correct. ComputerShares Nominee owns them.** + +**DRS BOOK to withdraw from the hands of others completely so they are yours. No one else.** + +https://reddit.com/link/zmmyxl/video/nof1kt11qy5a1/player + +# Bonus Penny /// + +https://preview.redd.it/9ee06i0x006a1.png?width=827&format=png&auto=webp&s=e8d07cf1e517b6fec8a2981437586cb0280b07ac +The Motley Fool + +How Will Disney+ Impact Walt Disneyā€™s Bottom Line +The new streaming service will launch in November. +Motley Fool Staff (the_motley_fool) Apr 19, 2019 at 11:36AM +Walt Disney (NYSE:DIS) is taking a long view when it comes to streaming content. Disney+ will cost the company money, potentially billions of dollars, over multiple years when the company doesn't license its content elsewhere. The new service may ultimately be bundled with other Disney products -- Hulu and ESPN+ at first and maybe ESPN down the line. To consumers, this part of streaming is starting to look a lot like cable and to become a pricey proposition. + +*Stock Advisor returns as of March 1, 2019 + +This video was recorded on April 16, 2019. + +Dylan Lewis: If we're putting some numbers to what this might look like for Disney, you mentioned that 60 to 90 [million] subscribers by the end of 2024. I think the company estimates that about a third of that is going to be the United States. If you have, we'll say the midpoint here, 70 million or 75 million people paying what would right now be $70 per year, it'll probably be higher down the road, that's just about $5 billion in revenue on an annual basis, which would be an 8% lift on 2018 sales. But, it's coming in 2024. + +Dan Kline: That may not cover expenses. + +Lewis: Yeah, that's just gross. We're just looking purely gross at this. + +Kline: I think realistically, if Netflix is spending $6 to 8 billion on content, Disney doesn't have to spend that much because it's producing content in other formats that can go to this platform. + +Lewis: That's their huge competitive advantage, right? Everything immediately can be ported over. + +Kline: Yeah, it's why Netflix should buy CBS or something like that. I'll throw it out there, I actually think that's going to happen at some point. + +Lewis: So, this is great news for Disney investors, mostly because we're starting to see some enthusiasm around the stock, and it has languished for quite some time. Is there anything else in the reporting that you've seen on this story that you think needs to be thrown out? + +Kline: I'm not a Disney shareholder, but I really believe in Disney. As a Disney aficionado, I think what's really important is, this is them controlling their own destiny. The easy money is licensing your content. That's the safe play. Disney has been famous for the safe play. If you look at the theme parks, they did not invest until Universal started investing in the Harry Potter properties and really stepping that up. This is Disney saying, "We're going to spend a lot of money over a long period of time and eventually come out of it with something that adds to our bottom line." The reality is, this is about Hulu and the pivot away from cable as much as it is anything else. They control ABC, they own a bunch of cable networks, there is a bundle they can give you where you cut the cord, and Disney makes more money rather than less. + +Lewis: Is there a future where you see Disney+ being incorporated with some of the other properties that people are pretty interested in getting from Disney, namely ESPN? + +Kline: Yeah. Well, ESPN+ and ESPN are different. ESPN has cable contracts that preclude it from being sold as a one-off. I expect, as numbers start to fall in cable -- and they've been dropping at an increasing rate -- Disney is going to start asking out of those deals, or asking for exceptions, sort of like the Sling deal, where they can sell a certain amount of stand-alone ESPN through Sling and now through other services. They've never said what the cap is, but there is a cap on how many ESPN subscriptions can be sold that way. So, yeah, I think they're going to figure out how to make the most money out of everything. The cable company at half the size -- wherever cable bottoms out, there'll be some market for cable, they're not going to have the leverage to say to Disney, "We're 98% of your business. We're paying you $8 for ESPN." And cable in return is going to get ESPN-free cable bundles, which is something they're not allowed to offer now. + +The Motley Fool +Search +Ticker or Keyword +How Will Disney+ Impact Walt Disneyā€™s Bottom Line +The new streaming service will launch in November. +Motley Fool Staff (the_motley_fool) +Apr 19, 2019 at 11:36AM +Walt Disney (NYSE:DIS) is taking a long view when it comes to streaming content. Disney+ will cost the company money, potentially billions of dollars, over multiple years when the company doesn't license its content elsewhere. The new service may ultimately be bundled with other Disney products -- Hulu and ESPN+ at first and maybe ESPN down the line. To consumers, this part of streaming is starting to look a lot like cable and to become a pricey proposition. + +To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. A full transcript follows the video. + + +It's hard to believe what this company means to the self-driving revolution + +Our tech analyst was blown away when one obscure company offered him a ride in a self-driving car with no safety person behind the wheel! And noā€¦ it wasnā€™t Tesla or Googleā€™s Waymo. + +But the REALLY big deal for investors here is not necessarily the car, but that our analyst thinks this company has what it takes to dominate in its area and produce technology that will change the world for decades to comeā€¦ mostly because of one certain characteristic. + +Whatā€™s more, David Gardner also likes this company and has recommended it TWICE now to his membersā€¦ along with two others in the self-driving space. + +If you click the link below, weā€™ll tell you how to pick up your free copy of the powerful reportā€¦ ā€œDriving it Home ā€” 3 Cash-Rich Stocks for the Driverless Revolution.ā€ + +See the stocks now + +This video was recorded on April 16, 2019. + +Dylan Lewis: If we're putting some numbers to what this might look like for Disney, you mentioned that 60 to 90 [million] subscribers by the end of 2024. I think the company estimates that about a third of that is going to be the United States. If you have, we'll say the midpoint here, 70 million or 75 million people paying what would right now be $70 per year, it'll probably be higher down the road, that's just about $5 billion in revenue on an annual basis, which would be an 8% lift on 2018 sales. But, it's coming in 2024. + +Dan Kline: That may not cover expenses. + +Lewis: Yeah, that's just gross. We're just looking purely gross at this. + +Kline: I think realistically, if Netflix is spending $6 to 8 billion on content, Disney doesn't have to spend that much because it's producing content in other formats that can go to this platform. + +Lewis: That's their huge competitive advantage, right? Everything immediately can be ported over. + +Kline: Yeah, it's why Netflix should buy CBS or something like that. I'll throw it out there, I actually think that's going to happen at some point. + +Lewis: So, this is great news for Disney investors, mostly because we're starting to see some enthusiasm around the stock, and it has languished for quite some time. Is there anything else in the reporting that you've seen on this story that you think needs to be thrown out? + +Kline: I'm not a Disney shareholder, but I really believe in Disney. As a Disney aficionado, I think what's really important is, this is them controlling their own destiny. The easy money is licensing your content. That's the safe play. Disney has been famous for the safe play. If you look at the theme parks, they did not invest until Universal started investing in the Harry Potter properties and really stepping that up. This is Disney saying, "We're going to spend a lot of money over a long period of time and eventually come out of it with something that adds to our bottom line." The reality is, this is about Hulu and the pivot away from cable as much as it is anything else. They control ABC, they own a bunch of cable networks, there is a bundle they can give you where you cut the cord, and Disney makes more money rather than less. + +Lewis: Is there a future where you see Disney+ being incorporated with some of the other properties that people are pretty interested in getting from Disney, namely ESPN? + +Kline: Yeah. Well, ESPN+ and ESPN are different. ESPN has cable contracts that preclude it from being sold as a one-off. I expect, as numbers start to fall in cable -- and they've been dropping at an increasing rate -- Disney is going to start asking out of those deals, or asking for exceptions, sort of like the Sling deal, where they can sell a certain amount of stand-alone ESPN through Sling and now through other services. They've never said what the cap is, but there is a cap on how many ESPN subscriptions can be sold that way. So, yeah, I think they're going to figure out how to make the most money out of everything. The cable company at half the size -- wherever cable bottoms out, there'll be some market for cable, they're not going to have the leverage to say to Disney, "We're 98% of your business. We're paying you $8 for ESPN." And cable in return is going to get ESPN-free cable bundles, which is something they're not allowed to offer now. + +Lewis: Yeah. My big takeaway is, good thing for Disney here. As the consumer looking out at all this, streaming is going to start to look a lot more like cable. It is its version of a la carte, but you're still paying for all these different things. + +Kline: You might pay more. We've talked about this before, you're going to have less choice. There are going to be channels that go away. Disney owns Freeform. Freeform produces some really interesting content. That content could be just part of this service. I'm not sure you need to pay for all the ancillary programming it takes to fill out a 14-hour-day cable schedule just because you have a handful of good shows on Freeform. Those can probably just stream on Disney+. + +Lewis: That's the way things go, Dan. + +Kline: Works for me! + +https://www.fool.com/investing/2019/04/19/how-will-disney-impact-walt-disneys-bottom-line.aspx +Reddit has a impulse to become an echo chamber because of how the upvote and downvote mechanics work. People who are downvoted get their posts and comments hidden and eventually get muted, and Karma does motivate people to seek upvotes. The best examples are how r/politics become completely blue dominated with no alternative views, or people will post things on r/nottheonion and the comments get dominated as if it is r/politics. Alongside this, you see a gradual reduction in nuance, which in r/politics became "mango bad". You see this throughout other subs on non-political topics once a tribal identity forms, and there is a strong tribal narrative on one side of an issue, and then people passionately downvote anything not in agreement. + +On WSB, the mods banned political comments to prevent this kind of tribal BS seeping into the sub. But, we are starting to get extremely tribal about specific meme stocks to the point where it's very difficult to get quality DD on the other end of the issue. An awful lot of top posts do not have humor value as memes, and are basically - <ticker I YOLOed my entire account into> šŸš€ šŸš€ šŸš€ šŸš€ šŸš€ followed by trash talk about some skeptic somewhere. I feel like arguing with people about a hot ticker now is like arguing with an anti-vaxxer friend about Moderna, or a blue friend about Mango's actual governmental actions, or a red friend about vote counting. It's really hard to be constructive or for anyone to get smarter. + +If the goal of this sub is to collectively pump particular stocks, I guess this is true to form, but if the goal of this sub includes discussion to inform better trading outcomes for participants, this dynamic is greatly reducing the quality of trading discussion. Right now, the feed is almost exclusively just two tickers, and those threads have very few contrary views, even well thought out ones. When well thought-out comments are added that are not rockets and buy buy buy and either correct inaccuracies in the post or provide a reasoned alternative perspective, they get downvoted out of visibility. Even 4 or 5 months ago, I felt this sub was a lot different than stocktwits, but it's hard to tell the difference sometimes now. I really want to be part of a community where we consistently find insight and trades that everyone else thought was dumb but was in reality brilliant, and that holds up some time later. The GME value thesis at $5 is one of those. So too was BTFDing the pandemic, and shorting it too. + +I think this current tribalism is going to lead to worse trading outcomes for the sub in the long run. When we front-run a big wave of increasing bid on a stock, and then that price becomes stable or we exit before it's not, we outperform the market. That happened big time last year with Coronavirus, and has happened repeatedly with TSLA. In other cases we try to forget, it's been the opposite, like multiple times ahead of AMD earnings, PRPL, and over-exuberance with PLTR into the 30s. Basically, if we pump the stock, and then the broader community of investors doesn't come around to the point of view, we are stuck with the bag. And a lot of these outcomes come from when we are all-in and super emotional about it, which I think we all know is NOT how to trade if you want the best results. + +We should stop downvoting posts and comments that are well written, and instead leave them alone or up vote them. By all means, downvote bullshit troll posts and straight up haters, but if you downvote quality contrary views, you make everyone here a worse trader, and increase the echo chamber that leads the sub to over-extend. +If you were tasked to put together a new ETF, something to Buy & Forget for the next 5 years, poised for Growth, what would you do? + +This is my version, I have had it for a few months now and it's doing pretty well for me (except for VZ and GS, I feel like dumping them but... I am confident that they will do well for me in the 5 years timeframe). I know it's heavy in tech, but we do live in a tech-driven society and tech drives the future, so. + +I am not looking to be told how wonderful I am (although it won't hurt), nor a lynching party, but curious on how other people would tackle this exercise. And let's stay away from SPY/QQQ or similar instruments, that's not the point. + +Want to play? + + +**Innovators:** + +* Shopify Inc. Class A Subordinate +* Tesla Inc. +* NVIDIA Corporation + +**FANG++:** + +* Microsoft Corporation +* Netflix Inc. +* Facebook Inc. +* Apple Inc +* Alphabet Inc +* Amazon.com Inc. + +**Staples:** + +* Anheuser-Busch InBev SA NV +* CVS Health Corporation +* Wal-Mart Stores Inc. +* Berkshire Hathaway Inc. +* Walt Disney Company (The) + +**Bad companies that make a lot of money:** + +* Verizon Communications Inc. +* Goldman Sachs Group Inc. (The) + +**Commerce:** + +* United Parcel Service Inc. +* Mastercard Incorporated +* Visa Inc. +* FedEx Corporation +I was looking at some apes post showing the Bloomberg terminal. Susquehanna is a known shorter of GME but now they are long with over 4M shares. I believe they are holding onto these shares to dump when MOASS happens creating an illusion of the squeeze ending and buying up all the paper hands shares to exit their positions. Donā€™t fall for it apes. For me personally if this doesnā€™t reach 10m a share then the MOASS is still ongoing. Be careful of the fake squeeze. Not financial advise Iā€™m just a smooth brain retard who eats crayons for breakfast. +I spend most of my time on Reddit in this sub, but occasionally I'll mosey over to /r/financialindependence or /r/personalfinance if there's nothing exciting. + +I was reading a post on there yesterday, and people were bashing HARD on those doing real estate, saying that Index Funds were just as profitable, without all the stress/hassle of managing tenants, etc. I realize being a landlord isn't for everyone, but there are tons of ways you can get into RE without being a slum lord. + +I see everyone in that sub saying, "Oh, I need to save 3M to be financially independent and retire early." Or, "I've got 1.6M right now! I'm 80% of the way to FI." + +I don't get it. Is the FIRE group just super risk adverse? + +Give me 1/4th of that 1.6M, I'll dump it into 20 properties, and I can retire tomorrow, making significantly better returns than VTSAX. +I'm considering investing with a local RE rehabber and property manager. I would be added to the partnership and would be secured by a 2nd lien position against a number of properties. I've always heard to stay away from 2nd position loans but wanted to hear from those that have done it successfully. + +What questions should I ask? What should I watch out for? Thanks for your help in advance! + +Clarification: I'd be investing with a RE group and this is one way individuals can invest. I haven't met with them but I have a friend who has invested with them in this way. I asked my friend about it because I was looking for a short term place to park some cash. + +These are ST loans for about 6 months although the agreement allows them to auto extend another 2 months if needed. Payout is at the end of the term and then you get the option to roll the loan over. It's not secured by any one property but rather by all of the properties in this particular partnership. Before they can sell any property, all the partners have to release the mortgage so I feel there is a way to get my money back if it went bad - they don't get paid if I don't release the mortgage. +My wife and I may be crazy, but we are looking at $1 houses in St Louis. These are derelict homes that the city has taken possession of. You need to improve them enough to meet code and live in them for three years in order to prove your deed. We do not in St. Louis and would have to spend some time there to investigate the house, make a plan, etc. + +Has anyone else here done this? Does anyone have background in this kind of purchase? We have two flips under our belt and we know it is difficult to do a flip and these are more than just a flip. I have looked on google maps and street view and like the brick buildings. The neighborhoods are not complete messes, either, with well kept homes near the ones I have looked at. + +Any thoughts? We are interested in a place we can fix up and use as a home base while we travel. + +Any better places to do this kind of thing? +Hi Guys, + +The gest of things, my partner and I bought a triplex 60/40 split with me being the minority owner. Recently, he ran into some trouble with his other properties and suggested we refinance out of this property but he wants to borrow my 40% of the refinance. + +I declined, stating that I'll rather hold onto the equity for now "lowkey I'm not comfortable with lending him my 40% of the refi". + +My question is, what's to stop him from going to the bank, refinancing and just taking all the money? The triplex is owned under an LLC that I have 40% ownership and he has 60%. He has all the necessary papers, including the deeds, articles of organization, heck he even has some photo copies of my ID and stuff. + +any advice is appreciated, +Hello, in 2009 and my wife and I had bought a house that was foreclosed on from Citibank. In 2014, we got divorced and to get her name off of everything I refinanced the house. Fast forward to today and I am selling the house. I already have a buyer, the inspection is complete. I get notified by the title company, that there is a prior owner mortgage attached to the property from 2006. It's the person who was foreclosed on. How does something like this happen? Wouldn't the two previous title companies catch this? How does something like this get resolved? +I tried this a while ago, though I was throwing money at options on Robinhood, just to give myself something to do. Needless to say, it didn't work out. I blew a bunch of money and started smoking again just a few months later. + +Now I'm ready for a change! Smokes are $12 a pack where I am at and I will buy at least $12 of crypto each time I would have bought a pack. +Shorts still must buy back and return the shares they attempted to short. Nothing has changed. + +ā€œTo sell a stock short, you follow four steps: + +1. Borrow the stock you want to bet against. ... +2. You immediately sell the shares you have borrowed. ... +3. You wait for the stock to fall and then buy the shares back at the new, lower price. +4. You return the shares to the brokerage you borrowed them from and pocket the difference.ā€ + +Edit: #4 hasnā€™t happened yet. + +Lots of stupid shit about some gathering that isnā€™t going to happen or will be staged by SHFs and MSM.. itā€™s FUD and a distraction from the main issues. + +Enjoy your weekend, find a way to have fun and relax. + +TLDR; donā€™t let the shilling get to you. buy hodl buckle up, again. +I made a couple comments about this but I figured I would make a post for visibility, and I apologize if I'm beating a dead horse here. + +We all already know the ETFs were shorted to shit. That has an impact. But I don't think that's the only thing happening here. + +We are also aware of their 5M ATM offering, at a price of $255.39/sh [https://investor.gamestop.com/static-files/4ef3fc60-b489-42e3-9436-1c6f55c772fa](https://investor.gamestop.com/static-files/4ef3fc60-b489-42e3-9436-1c6f55c772fa) + +Edit: this is not a trigger price, it is an estimate for calculating the registration fee. + +I believe this is happening right now. Of course, take all information with a grain of salt (especially as I am referencing marketwatch lol) but if you check current outstanding shares on marketwatch, it shows 71.82M. [https://www.marketwatch.com/investing/stock/gme](https://www.marketwatch.com/investing/stock/gme) + +Using waybackmachine, marketwatch yesterday showed outstanding shares at 70.03M. [https://web.archive.org/web/20210609041623/https://www.marketwatch.com/investing/stock/gme](https://web.archive.org/web/20210609041623/https://www.marketwatch.com/investing/stock/gme) + +I believe this process has started, and it is BULLISH AF. Not only does this put more cash in hand, but GME can invest sale proceeds into interest bearing short term securities which would allow dividend payments to shareholders. This really opens a new can of worms that feast exclusively on SHF. + +Trust Ryan Cohen. Trust GME. Trust the process. Who gives a fuck about a little dip anyways? + +Let me know if this has been posted multiple times and I'll delete before I get downvoted to oblivion. <3 +Lucky you, youā€™ve found someone who likes the look of you naked and can stand your not so funny jokes, well done. + +Now comes the tough conversations around money, odds are one of you has a little or a lot more than the other, and you may have different ideas on how you should manage money, or different experiences with money that have shaped your money behaviors. + +Psychologists note there are several recurring themes when it comes to relationship conflict, those conflicts usually center around: sex, jealousy and infidelity, chores and responsibilities, control and dominance, then lastly **future plans and money**. + +So to avoid conflicts and lower relationship stress, getting on the same page about money is important, and the best way to do that is by spending some quality time financial planning. + +The objective of the process is to help you set goals (future plans) and discuss how you will manage your money in line with those objectives, and ideally avoid conflicts on money issues, resulting in a strong and happier partnership. + +Today I want to focus on what you should be considering when entering a new relationship, what to watch out for and some tips and tricks from someone who helps couples with these conversations all day everyday. + +**Goals & Roles** + +Firstly, most couples like to divide and conquer, sharing responsibilities is important to getting more shit done and it lets people who have natural strengths perform in roles they are best suited to. So, someone is likely to wear the hat of finance manager, who that is, is usually the first decision you are going to make. + +This person will pay the bills on time, manage pocket monies for future children, manage financial policies and obligations like: insurance, taxes, investments, superannuation, bank accounts, debts etc etc. + +I recommend you have a regular meeting with your partner, at least once but ideally twice a year to talk money, track progress and set goals. + +* I find 2nd of July and 2nd of January are the best dates to do this, If you are like me then you enjoy a drink on the 30th and your mental capacity on the 1st of those months isnā€™t all that crash hot. + +Great now you have a finance manager and regular scheduled catchups, next up is: + +**Cashflow Management** + +Lets agree on one thing, if you and your partner are not yet ready to combine your finances, then your relationship is not yet a partnership and more time and discussion is required to work through what is holding you back from feeling ready to make this leap. + +Typically after 2 years of living together and sharing costs you are moving towards de-facto territory and should be wary of that, Iā€™m not a lawyer so donā€™t take this as a golden rule, just something to be aware of. + +Good cashflow management ensures you are managing your money in line with your stated objectives. It helps to have clear goals that include specifics like timeframes and expected dollar values. + +There are some logical steps to follow in understanding your cashflow position: + +*Step 1* + +Understand how much it costs for you to live, by doing a budget. Budgets arenā€™t scary words, its a roadmap of your spending and provides a great deal of insight. Use the ASIC moneysmart budget if you cant be bothered building your own spreadsheet: [https://moneysmart.gov.au/budgeting/budget-planner](https://moneysmart.gov.au/budgeting/budget-planner) + +*Step 2* + +Work out your income position, you will have regular wages coming in, maybe rental or investment income as well, potentially bonuses/commissions or other lump sum income. + +Websites like pay calculator are great at working out you taxable income position: [https://paycalculator.com.au/](https://paycalculator.com.au/) + +*Step 3* + +Subtract your planned expenditure from your taxable income and you will be left with a surplus or deficit, a good goal to aim for is 20% savings rate. + +The higher the savings rate the faster you will reach financial independence, but remember nobody like a stinge, so if your savings rate is up around 40% ask yourself are you really enjoying your life as much as you could. + +*Cashflow Structure* + +Segregating accounts for their purpose can be a great way to manage money, it should be fit for your purpose, there are many ways you can do this so find something that works for you. + +Example: If your budgeted monthly spend on Bills is $1,000, then have a regular transfer to a separate Bills account and link all your direct debits and pay all invoices from that account. + +* Youā€™ll know then if your bills budget is accurate without having to go through bank statements all the time. + +You can do this for other accounts like: Lifestyle (specific savings goals), Living expenses, Investments etc. + +*Tip* + +Try to avoid credit cards, especially ones with annual fees, while points are fun, you pay through the nose for these. They are also backward looking, and not conducive to living to a planned spend so can cause issues with savings patterns and achieving objectives. + +*Important Note* + +If your partner must come ask you for money, its likely you are exerting some level of coercive control and financial abuse, stop now and seek help! + +* You can learn more here: [https://www.wire.org.au/financial-abuse/](https://www.wire.org.au/financial-abuse/) + +Great, the cash is coming in, you know what your savings capacity is, and you have a plan for how you will allocate those savings towards your objectives! Now for the less fun stuff, what if it all goes wrong. ā˜¹ + +&#x200B; + +**Protecting Yourself** + +Especially for those who meet later in life, you can come into a relationship with a disparity in wealth, and protecting your hard earned savings is usually important to people. + +The best defence is not getting into a relationship with a dead beat, by that I mean, find someone who is on a similar financial footing, this provides you both protection as no one has anything to really lose from a split in the future. + +If youā€™ve fallen for the proverbial pool boy, and there is a disparity of wealth, then a binding financial agreement (Australiaā€™s Pre-Nup) is a powerful tool to protect each otherā€™s financial interest in the event of a relationship breakdown. + +* If someone has an issue with singing this, then they potentially have their own agenda, love rarely precludes someone from giving up their rights to your financial interests, so tread with extreme caution. +* Anything you build together from that point onwards is usually fair game in a separation down the road anyhow. + +These are expensive agreements because you both will usually need to seek independent legal advice, and care needs to be taken when making new or changing your investments. + +&#x200B; + +**Having Kids** + +Get your life insurances and estate planning sorted out ASAP to protect your dependants futures, Iā€™m sure everyone knows of someone who has been struck down by injury or illness and this can ruin families. + +&#x200B; + +Thatā€™s all folks, I hope you enjoyed this read, best of luck with your new relationship. +Fricken the frick out rn, in tons of pain, temp crown & tooth parts fell out in scraps & im scared + +&#x200B; + +[Dental Issue](https://preview.redd.it/has57r2cfqa81.png?width=369&format=png&auto=webp&s=40301d5fc72dbcb9db31f46fcef34cf82defb9a1) + +Anyone got tips for this issue? my whole tooth is exposed & hurts like CRAZY :( can't afford orajel atm HELP please :(( +As a Result of Corporate Due Diligence, as Well as the Latest News Reports Regarding Mishandled Customer Funds and Alleged US Agency Investigations. We Have Decided That We Will Not Pursue the Potential Acquisition of FTX.com. + +In the Beginning, Our Hope Was to Be Able to Support FTX's Customers to Provide Liquidity, but the Issues Are Beyond Our Control or Ability to Help. Every Time a Major Player in an Industry Fails, Retail Consumers Will + +Suffer. We Have Seen Over the Last Several Years That the Crypto + +Ecosystem Is Becoming More Resilient and We Believe in Time That + +Outliers That Misuse User Funds Will Be Weeded Out by the Free + +Market. + +As Regulatory Frameworks Are Developed and as the Industry Continues to Evolve Toward Greater Decentralization, the Ecosystem Will Grow Stronger. +I have $1218 in collections through various accounts from 2-6 years ago. I'm going to pay each collection off in full. + +My question is, should I ask to have them remove the collection from my report entirely or will it benefit my score more to leave it and show paid in full? + +I'm working towards a big loan so need the biggest boost to my score I can get. +Hello everyone! So I am moving into my first place, now the area I live in is crazy expensive sadly and the most affordable 1 bed 1 bath I can get rn with my deadline is $1,395 a month. I make $2,760 a month working 40 hours a week. This isnā€™t preferred obviously but Iā€™m kinda being forced into it as I have no where else to go lol so Iā€™m trying to make it work. Is there anyone on here that could help me set up a budget? +So I working, paying student loan and credit card on regular, had a rented apartment (downpay would have tided me over for three months). + +Parents went mad, lost it, got pissed that I'm living alone, no plans to marry have kids leave job and settle down. (I'm in India, this happens to 60-80% of female workforce by force not choice). + +Anywho, mom came to my apt, with friends dragged me out kicking and screaming, locked me up at home, no phone no net, no access. Office called a 1000 times, didn't know what was up, sent letters, which I wasn't allowed to see, and didn't know about. Finally they laid me off because they didn't get a reply for 2 months. + +It's been 7 months. My family is not allowing me to go for interviews, get a job. Now that I've been fired, they have somewhat released their hold on me. Now they just keep calling random strangers home to marry me. (Indian culture basics - how to force a girl to get married). +Here is my situation. + +My checking's account is at -343.71, and my 9 year old brother spent $250.01 on games and $852.39 in overdraft fees... + +I have a plan that I made by myself when my mother got me my first and current credit card. I work at my parents restaurant and I usually have $1k a month to my credit card and the rest goes to savings, college money, etc. I use a transaction register booklet to record my transactions, recurring payments such as, IRacing, Spotify, Photoshop, or Discord. Last two months I didn't buy anything because I recently fixed all my brakes so I could do GDL (There's no way I'm going to pay for labor when I can learn and do it myself). I deposited money into my checkings and noticed that the balance was lower than usual. I waited 3-4 days but, it had gone down. I was recently thrown off my dirtbike into a canal (I rode safe.) so I thought I did some calculations wrong and thought that was because of my head hitting my helmet a little too hard on the rocky terrain. + +My mother didn't want me to link her bank account to google pay and our Credit Union Bank app because she thought my phone would get hacked. I would have to rely on deposit receipts and an occasional once in a life time opportunity to check all of my accounts on her phone. + +Just yesterday, I deposited $202.00 and saw my available and current balance on my account. MY ACCOUNT WAS AT -252.61. While my mother was at the restroom, I got her phone and checked my account, 10 or so overdraft fees from my brother's mindless zombie spending. I DISCOVERED ANOTHER 30 OVERDRAFT FEES. My 2-3 deposits were so perfectly timed that it was barely noticeable. Each overdraft fee is $20.79 ā€¦ **$20.79**! I have since berated her to get her credentials so I myself could see what was going on with all of my accounts. We went to the bank, and here's what the overdraft were: 41 overdraft fees, and about $250 that my brother spent on games. I. This. Unbelievable. My brother has been leaching off of my hard earned money. In the past four days, he went on a spending spree. + +He knows know what he did wrong, and for a long time. I told him I wouldn't forgive him if he didn't help me or work for that money back. He is only 9 and I'm 16, so I don't think he can work but when he turns into the legal age to work at a family-owned business he's going to get that money back that he spent. I told him I would try and contact the companies and tell them what happened and hopefully get my money back. + +I don't know what to do from here, and I already cancelled my card so I wouldn't have anymore overdrafts. I am calling these companies: Masomo Limited, Banda Games, Halfbrick Games, PONOS Corp, Ninja Kiwi, Socialpoint, 505 Games. I will try and read all of their policies and Terms and Conditions. I have the deposit dispute provisional credit and the bank along with their 3rd party, Visa want to see me make an effort to fix all of this. + +This all happened in the same household, so the Loan Officer that we talked to didn't sound too optimistic about this situation. + +Help. +As title says - I have income Insurance which covers illness/disability. I'm a nurse, so can't see myself not having work due to being laid off, etc (I'm good at my job). + +Do you still think I should have an emergency fund? + +I'm in Australia, if that makes any difference. + +Thanks! +I am 19 and just learned that my parents have a 500,000 ā‚¬ debt to the bank bc of the house we bought. I thought no debt was a normal thing and now I am just confused. + +I started saving and somehow end up spending more money than I planned. I had more than a 1000ā‚¬ in my account and I donā€™t even remember spending that much but at the end of the month I had only half of the money. I think I need to make another saving account? Do you pay for bank accounts? How much saving is normal? + +Is there any book or something that could give me basics on personal finance for students? Could you tell that Economics was my worst and most hated subject in school šŸ™ƒ +Hi there, first time posting here. After my grandparents passed, we found a collection of framed bonds and I have no idea what we do with these. Heres all the pictures https://imgur.com/a/q4Zwt and we're in Georgia if that matters. +In light of the recent poll regarding blacklisting Coindesk, what should be the amount of time a Poll remain open when it comes to wide governance decisions to EthTrader? + +&#x200B; + +Governance issues include topics such as blacklisting/whitelisting sites, naming community points, overall moderator behaviors and other unknown future EthTrader desired features. + +&#x200B; + +This poll runs for 7 Days. + +[View Poll](https://www.reddit.com/poll/a5v3jm) +The Ethereum to Bitcoin trading ratio is currently about 0.028/BTC and edging closer to the multi-year low of 0.026 that we saw in December 2018 (when Eth bottomed at around $85, depending on the exchange). + +Will the next bull run bring us back to the 0.1/BTC highs? +ETH has taken a hammering to be sure, but letā€™s take a deep breath. + +1. Most of the blame for scam ICOā€™s belongs at the feet of regulators not ETH, but no surprise that itā€™s in the crosshairs as the enabling mechanism. Blood may be everywhere now, but the ICO itself isnā€™t going anywhere. Itā€™s the most efficient, fair, global fundraising mechanism yet devised and ETH is still really the only game in town for that. ERC223 and ERC777 replacing ERC20 will also fix a lot of ICO problems. + +The next ICO wave will be better regulated and maybe not as pumped. It will be higher quality and higher volume imo. In the mean time if ICOā€™s are selling ETH rather than holding for a rebound, not much bulls can do and we just wait for them to clear out and die. + +2. As for criticism that ETH canā€™t scale, gas prices for usable dapps etc... Yes this is a problem, but the Ethereum community and devs know all this and have for years. Itā€™s been stated many, many times. Was nobody listening?? Unlike other projects though the ETH devs actually have multiple strategies to fix the issue. Sharding/Raiden/Plasma etc + +New dapp/smart contract platforms are certainly interesting but if you look at the ones that have launched (EOS?) they are train wrecks of a sort never seen with Ethereum. Cardano and Tezos? - well letā€™s just say I have my doubts they can avoid the same inititial problems. Dfinity is interesting, but that too is not live and even if itā€™s way better than ETH, they have a years job building a community and ETH development doesnā€™t stand still. + +In short Ethereum is insanely ambitious, has done what nobody else has done and they still arguably have the biggest and best dev community in crypto at the protocol and secondary layer. PLUS they have very little of the contentious governance problems or mud slinging you see elsewhere (cough BTC/BCH/EOS/TEZOS etc). Just look at the civility between ETC and ETH communities as a comparison. + +3. ETH is the only other coin definitively NOT a security, so when the institutions come with their money itā€™s gonna be ETH and BTC first. + +Iā€™ve been buying between 2-300 (although do wish Iā€™d scaled my position better when it was clear we were heading down from around 500!)Canā€™t say when things will recover but the fundamental strength of ETH makes me bullish long term. +The recent update to 72t Substantially Equal Periodic Payment withdrawals allows for significantly more flexibility in early retirement. Additional context may be found [here](https://www.reddit.com/r/financialindependence/comments/slwqh1/72t_payment_interest_rates_can_now_be_the_greater/hvxfemb/). I wanted to see what effect this would have when comparing to the Roth Conversion Ladder (RCL). + +For simplified context, 72t withdrawals are can be set to a fixed amount that will last until age 59.5. The account cannot be used for any other kind of withdrawal after SEPP is started. The amount withdrawn generally cannot be changed, and does not keep up with inflation. The Roth Conversion Ladder consists of converting an amount desired for spending 5 years into the future. After 5 years, the converted amount is available for withdrawal. Other funds are needed to cover the 5 year gap before the RCL is mature. + +In my comparison, I tried to set up a reasonably fair set of circumstances: + +* 50-year-old retiree who has $1M and wants to spend $40k/yr after tax. +* Inflation ends up being 3% per year, but the retiree doesn't know this in advance. +* Growth in each account is 7% per year. +* The retiree has $770k in Trad and $230k in a "magic" Roth where all funds are available for withdrawal immediately. (An alternative approach is a taxable account that stays within the 0% LTCG bracket forever.) + +The retiree needs to take $43500 from a Trad account to end up with an after-tax spending amount close to $40k. Inflation increases the amount needed to spend each year, but the effective tax rate of Trad withdrawals stays at ~8% because tax brackets match inflation. [This](https://imgur.com/7ZsL99w) is what the annual spending is each year, with the inflation portion broken out, until age 59 (after which all accounts are available for withdrawal). + +[This](https://imgur.com/3dxoxzL) shows the modeled 72t withdrawal scenario. Amounts shown are at the beginning of each year, with the exception being the balance at the end of the year the retiree is 49 (shown as 49.9). Every year the retiree takes $43,500 from the account which allows for $40k of after-tax spending. Starting at age 51, they also take an amount from the Roth account necessary to cover inflation at 3%. Each account grows by 7% before next January's withdrawal of $43.5k+inflation adjustment from Roth. + +At age 59, the Trad account has $814,598 and the Roth account has $352,269. Adjusting for an 8% tax rate on the Trad account, **the after-tax spending available after a decade of 72t is $1,101,699.** + +[This](https://imgur.com/K8ErqID) shows the modeled RCL withdrawal scenario. *[Edit: see addendum below]* $43,500 is withdrawn from the Trad account each year and goes into a Ladder account. This Ladder account also grows by 7% each year. The retiree only needs to take out $40,000 from the Roth account (plus inflation in future years) because there is no tax owed. Starting at age 55, $43,500 is taken from the Ladder account and only the inflation adjustment is required from the Roth account. The Trad account has $1,064,755, and the Ladder and Roth accounts (same tax-free treatment) have $130,341 combined. Adjusting for an 8% tax rate on the Trad account, **the after-tax spending available after a decade of RCL is $1,109,916.** + +There is a less than 1% difference in the after-tax spending available when comparing the 72t approach to the RCL approach. That being said, recall the favorable assumption in favor of the RCL: there exists a Roth account that miraculously has nearly all its value available to withdraw as basis without tax or penalty. If you assume a taxable account instead (where you can access earnings easily enough), you must also add a little tax drag each year (both in accumulation and in retirement). Last, but certainly not least, is that the retiree is now age 60 with either $350k in Roth dollars (72t) or $130k in Roth dollars (RCL). All things being equal (or, in this case, within 1% of each other), I'd much rather have $350k in Roth dollars with all the flexibility that entails. + +**** + +**Addendum** + +[This](https://imgur.com/UzHVysT) may be a more fair RCL scenario. The RCL scenario here ends up with a little less money ($1,076,924 vs $1,101,699, or 97.8%) and a slightly lower Roth balance ratio (30.4% vs 32%). I think both are slight marks against the RCL scenario, and this again started with optimistic assumptions including a "magic" Roth where the entire amount is available for withdrawal as basis. + +Edits are as follows: + +**The Ladder Balance should only have $40k entered after taxes are paid from the $43.5k coming from the Trad conversion.** I don't think it matters to pay the taxes from Roth or Trad, because either way $3500 in Roth-equivalent dollars are subtracted from the total portfolio (either from the existing Roth account or from the Ladder). + +**Conversions continue throughout the period.** This seems fair, as the user is making the most of the standard deduction and 10% bracket, and any additional amount in the 12% bracket should be a wash. + +**The Ladder Balance only grows by 3% (i.e. inflation) for the first 5 years.** This is crucial because money in the Roth is highly constrained. Even in the optimistic "no sequence of returns risk" (SORR) setup shown here, the original Roth account is depleted to 10% of its starting value. There is no room for substantial stock market decline. Even taking this optimistic scenario, I did not think it was fair to assume the Ladder account could be exposed to the stock market in this way. The Ladder account (as an extension of the Roth balance more generally) *must* hold its value for 5 years because it's the only place to draw the $40k basis that's needed in 5 years. A large stock market decline would severely jeopardize the withdrawal scheme. Contrast this to the 72t scenario where the total withdrawals from the Trad account are around 56% of the starting value and the total withdrawals from the Roth account are 25% of its starting value. There is room here to hold a balanced asset allocation in both accounts and see identical returns. +This month is the birthday month of Safemoon, a month full of surprises and presents! + +Hereā€™s everything that has happened so far. + +&#x200B; + +**March 3rd 2022** + +They begin by changing the safemoon domain to .com address. + +They also release a new video [https://www.youtube.com/watch?v=p3OJimdqDd0](https://www.youtube.com/watch?v=p3OJimdqDd0) showing new logos, wallpapers and concept art they created. According to the video, *the shapes and colors capture and display the soul of Safemoon and the SafemoonArmy*. People are impressed, they believe they put a lot of effort to create these and itā€™s probably the first original thing they created. + +A few hours later, some reddit users find the logos for sale online: [https://chromasupply.com/collections/all/products/nexus-swirling-abstract-shapes](https://chromasupply.com/collections/all/products/nexus-swirling-abstract-shapes) + +[https://www.istockphoto.com/photo/abstract-3d-rendering-of-a-twisted-shape-gm1091231170-292736186](https://www.istockphoto.com/photo/abstract-3d-rendering-of-a-twisted-shape-gm1091231170-292736186) + +Seems like 90% of the logos were stock images and renders that were recolored. This is the Safemoon way. + +&#x200B; + +**March 4th 2022** + +They announce an agreement with Moonpay, the service they use to buy BNB to exchange for Safemoon for 0% fees on purchase starting from the 5th of March for 14 days. + +&#x200B; + +**March 5th 2022** + +New Safemoon wallet update!!! + +Many people still complain the built in calculator crashes the app. + +&#x200B; + +**March 6th 2022** + +They announce that safemoonswap will support cross chain swaps beginning March 23rd. We shall see how this goes. + +&#x200B; + +**March 7th 2022** + +A new token listing, Reflex token. Another in a series of dodgy, cringe tokens that promise the world but deliver nothing. As I say in a past post, *every shitcoin in its death throes that wants a final pump before completely vanishing from existence goes to Safemoon and asks for a partnership.* If you check all the tokens they have listed in the past month, you can see the classic pump and dump pattern. I am sure some people make a lot of money each time a new token is listed. + +Edit: Every token that wants to get listed on Safemoonswap has to pay \~$100k to Safemoon. The token creators use the army to pump and dump and the Safemoon teams gets a nice bonus. Everyone wins. Except the army as always. + +&#x200B; + +**March 8th 2022** + +They announce that they are working on scripts to identify people who lost money migrating their tokens from v1 to v2 and refund them. + +For anyone who doesnā€™t know, Safemoon decided to migrate from v1 to v2 in order get listed on more exchanges as the main problem preventing them was that the price ā€œhad too many zeroesā€ as they said (bs). The 1000:1 migration was voluntary but then people started taking advantage of the price difference between v1 and v2 to make money. + +In their infinite wisdom, the Safemoon team decided to implement a 100% tax on any v1 transactions and announce it only a couple hours before in order to force people to migrate. For weeks anyone who wasnā€™t actively following their twitter/discord/reddit lost all their money due to the tax. People got together, created a subreddit in order to discuss how to proceed and decided to do a lawsuit. If I remember correctly they gave them until the 9th of March to respond about what would happen to their lost money. + +&#x200B; + +**March 9th 2022** + +The brother of the CEO, Charles Karony announces that he leaves his position as Vice President of Safemoon in order to return to college and complete his degree. + +That normally wouldnā€™t be a bad thing but if you look in the last year of Safemoonā€™s life, every single member who had any role in it has left and is currently living a life full of luxury and travels, something weird as some of them before were no name twitch streamers with 0 viewers and small unknown DJs. Something certainly smells hereā€¦ + +&#x200B; + +**March 10th 2022** + +Safemoon CEO John Karony wins Utahā€™s 2022 CEO of the year. Every single nominee in the list was also a sponsor of the awards. + +&#x200B; + +**March 15th 2022** + +John Karony attend SXSW and gets interviewed. + +&#x200B; + +**March 16th 2022** + +Huge whale sells adds a zero to the price. A giant red d\*\*do on the charts screws up everyone. This is going wellā€¦. + +&#x200B; + +A couple more things I saw today that have nothing to do with the birthday but everything with safemoon. + +&#x200B; + +1. The treasury wallet of Safemoon, a wallet they use to fund their business expenses by siphoning a portion of the taxes after every transaction holds 31.099 billion safemoon worth almost 35 million dollars. The wallet is so big that it drains a big portion of the reflections meant to go to holders of the token. You can check it here [https://moonscan.net/sfm:bsc/0xdaa3b5ae0521264e55f45157eb6e158e1f3e5012](https://moonscan.net/sfm:bsc/0xdaa3b5ae0521264e55f45157eb6e158e1f3e5012) +2. The blockchain wizard Thomas ā€œPapaā€ Smith that once said Ripple offered him $2 million dollars to work for them, a core member of the team that left a few months ago, now says that he was actually a contractor and we just assumed his role was to code. This guy is clearly high again. + +&#x200B; + +https://preview.redd.it/8nh0b4nbfsn81.jpg?width=640&format=pjpg&auto=webp&s=b5f662093562b60bb8a876848decd2961ca02a45 + +&#x200B; + +https://preview.redd.it/mcvshcocfsn81.jpg?width=749&format=pjpg&auto=webp&s=80f8ec2084defd733e5c9805dbb7279a6dd16ee6 + +3. A user on discord asks John Karony about the 2 blockchains he mentioned in a CNBC article. His response: ā€œwe built a blockchain or two to test thingsā€. 20 days ago he mentioned that the actual coding hadnā€™t even started yet and that it is only 10% of the process, the other 90% is prep work. He clearly doesnā€™t know what he is doing. + +&#x200B; + +https://preview.redd.it/fvcr08ldfsn81.jpg?width=960&format=pjpg&auto=webp&s=c560dcf6a6a0ed916442684f4913803c3c5b3453 + +&#x200B; + +https://preview.redd.it/vhqnm0cffsn81.jpg?width=828&format=pjpg&auto=webp&s=af61d5c65fc45d88ee7e54e02c8be24d6117314b +I am ALWAYS stressed about money to the point itā€™s negatively affecting my mental health. I am very depressed because of my poor finances. The bills keep piling up. I am in a mountain of debt and whatever I pay is only a tip of the iceberg. Is there anyway to feel better about this struggle? How do you guys cope? +I'm back again with the tickers that are on my watchlist for next week. This week I closed up roughly $1,250 which was about 1.5% of my buying power. The market indices were -1% this week, so I out-performed them (again). + +**What am I doing?** + +I do technical analysis and selling cash-secured-puts 1 to 4 weeks out on stocks that are nearing key levels of support. My goal is to collect premium, but should I get assigned I have absolutely zero problem running the wheel on stocks I want to own. As a backstory I nearly blew up my account doing WSB-style plays in March but have regained all of my account and then some running this strategy since April. What I do now is basically wheeling on weekly puts. + +I watch over 200 stocks, I would say its 90% waiting game and 10% true technical analysis. My levels work, but it's normally because I am patiently waiting for an entry point. Yes that's a lot of tickers to watch, but I research my stocks on weekends and then monitor additional plays & levels during the weekday to see if there is an obvious setup I want to participate in. + +**Here's a few things regarding my strategy** + +**1.** I don't over-leverage with spreads because if the stock price blows past your long strike and you assume max loss you need a lot of capital to actually be assigned the shares. For that reason I don't really see selling multiple spreads as a "Theta Gang" play and is still very high risk. If I do open a spread it will be a protective put for $1-5 just to protect myself should the company randomly announce bankruptcy. + +**2.** I only sell cash-secured puts with the capability to be assigned if need be. My goal is to never take a loss on a position and always wheel it back to profitability. If something has changed fundamentally with the stock then yes I will close the position and realize the loss. + +**3.** If IV on a ticker is very low, then yes I will outright buy shares instead. + +**4.** I only aim for 1-4% per week collecting on theta and an occasional earnings theta yolo. No call-buying, no spreads (unless buying a covered put), only put-selling and shares! + +Honestly, that's about it. I'll go through some tickers on my watchlist this weekend and what I currently have open. + +# Open Positions From Last Week + +**CRM:** My CRM put will be assigned at roughly down 3% from my cost basis. I will sell a covered call after the open tomorrow expiring, this week or next depending on premiums and also what the shares open at. + +**DKNG:** Up 40% here, looking on a continuation of the trend to close around 60-70%. Earning $25 on theta per day anyways. + +**FROG:** This position is completely flat. I still like the entry so will hold and keep an eye out to see what happens. + +**PLTR:** up 15% on the puts I sold. Highly volatile stock with 10% intraday swings. With the government contracts they just signed I think there will be continued upside here. I'm HODLing until I can get 70-80% profit then I'll close to free up some buying power. + +**RKT:** Up 50%, this is one green day from being 60-70% profit and then I will close. **Here's the thing:** what happens if RKT begins to go down closer to my strike? As long as it goes down slowly, both delta and theta will increase. So each day that passes when it gets closer to my strike price I will start to gain more value with theta. Every day that passes my contract gets more exposure to delta as well, so any bounce to the upside will put me in a good spot to close it out. Once the stock price starts to rise too far from my strike and I've gained 60-70% profit, the theta and delta values both drop leaving me to gain only a few dollars per day. Right now my contracts give me $14 per day in theta. If RKT opens green tomorrow my position will hit my 60-70% target and daily gain from theta will be $2-3, so why hold it when I'm not earning anything? + +**TDOC:** Up 55%. This position was slightly red last week on the dip. Similar to PLTR I have faith in the fundamentals on this stock. Dips will be bought and $190 is a good floor. + +# Master Plays This Week + +I just want to preface this by saying these are not recommendations to buy or sell any stocks. These are stocks that have come through my scanner and met a few criteria for me to sell puts to collect premium. I won't execute on every trade, but if the timing is right I will enter these, that's why they are on my "watchlist". My intention here is to sell the put, collect the premium, or get assigned the shares. If I am assigned the shares, I sell covered-calls trying to lower my cost basis and remain profitable on the play. + +**HYLN - Hyliion ($17)** + +https://preview.redd.it/h19e85dwd1561.png?width=2042&format=png&auto=webp&s=7bf13ca65f6a6ff08f3e84211ea1ff5c81365936 + +HYLN, formerly SHLL ticker that merge'd via SPAC. This ticker has been on my radar for a few weeks now, but I never quite pulled the trigger. I would have thought a base would form around the $21 level, but here at $17 I think it is prime for a reversal. I will be looking at selling the $15 strike put for January to give myself a bit more time. IV still very high in this name. + +**Positions on the watchlist:** + +1. Jan 15, 2021 $15 strike put sold for $1.40 or $140 premium. Return: \~10% + +&#x200B; + +**NIO - Nio Inc ($41)** + +https://preview.redd.it/lii3faeyd1561.png?width=2050&format=png&auto=webp&s=b068d41a0410781feb03f92225c82a138e1c41b3 + +NIO is down roughly 25% from the highs. For me, $40 could be a good place to form a base and sell some puts 1 or 2 strikes below. News of China required more strict financial audits has hurt a lot of Chinese stocks. IMO companies like BABA, NIO, JD are all legit and I don't see them getting de-listed due to above reasons. The lines I drew on this chart is actually from last week and the stocks seems to be flirting with my support line at the lower end of the channel/trend. A hold here would be bullish to see a reversal back to the upside. + +**Positions on the watchlist:** + +1. Jan 15, 2021 $38 strike put sold for $3.75 or $375 premium. Return: \~10% + +&#x200B; + +**U - Unity ($150)** + +https://preview.redd.it/hg8pqdfzd1561.png?width=2046&format=png&auto=webp&s=9c522c4070ce46e1d560c8272e9754e4ddc31b42 + +Unity IPO'd earlier this fall. It's been on a non-stop trek upward since and hasn't consolidated much along the way. The 10% drop last week gives a better entry point for the continuation in trend. If the price breaks below $138 or so, we could see more downside to lower $130's for consolidation. January puts offering very nice premiums on this solid company. + +**Positions on the watchlist:** + +1. Jan 15, 2021 $140 strike put sold for $13.50 or $1,350 premium. Return: \~9% + +2. Shares and covered calls to collect premium from high IV. + +&#x200B; + +**OSTK - Overstock ($55)** + +https://preview.redd.it/skg3agx2e1561.png?width=2046&format=png&auto=webp&s=7782afcc9d188247fb3933b0c121a5271677b7ef + +Overstock was a 12-bagger from June to September and then the massive blow-off-top happened. The stock has been in the range of $55-70 since then, but looks to be consolidating recently. This was on my "watchlist" last week, but I saw better opportunities to be played. The stock is currently nearing the bottom of the trend and touching support, $53-55 looks like a good entry point for me with selling the $50 put. + +**Positions on the watchlist:** + +1. Jan 15, 2021 $50 strike put sold for $3.75 or $375 premium. Return: \~7.5% + +2. Shares with a stop-loss around $40 and a target to take profit around $75. + +&#x200B; + +&#x200B; + +**WKHS - Workhorse ($22)** + +https://preview.redd.it/r3vus004e1561.png?width=2048&format=png&auto=webp&s=d10ac3c733bddbcf87b98a6df8fb04f11c3e23ae + +WKHS had a big gap-down recently and is trading at the very bottom of the upward trend. It's got support one dollar below current levels and could be primed for a reversal back up. IV super high on this one as well. + +**Positions on the watchlist:** + +1. Jan 15, 2021 $19 strike put sold for $1.75 or $175 premium. Return: 9% + +2. Shares with a stop-loss at $19 and profit taking target around $25. + +&#x200B; + +&#x200B; + +**CODX ($10)** + +https://preview.redd.it/qzrf91e5e1561.png?width=2042&format=png&auto=webp&s=7952b795319155e7228af560f29cdb8dcbf105b1 + +Lastly we have CODX. The stock has taken an absolutely massive beating dropping from $31 in September to it's current price of $10. A 66% decline in just 3 months. Looking at chart, in my opinion, the selling looks to be coming close to an end. I think it will form a base around $10 or possibly $8 if it falls through the $10 support level. This is somewhat of a high-risk play, but premiums are nice and I am looking for a bounce. + +**Positions on the watchlist:** + +1. Jan 15, 2021 $9 strike put sold for $1.05 or $105 premium. Return: \~12% + +2. Shares here could be a less risky play if you don't like volatility. I could see a bounce here back to $15 in the next 2-3 months if things go well for the stock. +I'm at the point where I'm being hit by the medicare levy surcharge. + +I'm trying to pick a health insurance to cover me and my partner. But it's broken into three tiers, with 20 or so options stacked on top. Confusing. + +Putting together something useful costs roughly double the surcharge, through these filthy comparison sites run by meerkat mascots. I don't trust them. + +My partner recently had to have surgery, and the public system worked perfectly for free. A friend of mine had a difficult child birth at a private hospital, and the baby just ended up getting put across the street in a public hospital because it had more resources. I don't ever want to be at a second rate hospital because it has nice carpets and fancy beds. + +The system feels obfuscated by complexity. How do I get through that and evaluate it properly for myself and my partner? + +Nurses and doctors are lovely people and I'm priveleged to make more than average. I'm tempted to just pay the surcharge and be done with it. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +The title says it allā€¦ I get the feeling that most people here gave up using fiat to improve their careers or open a business to invest sole in BTC hoping to become rich that way. +I have seen continuous confusion on this point, and it's critical to understand. + +Newcomers and new investors see coins like Ripple (XRP) and think "This is a cheap coin, this could be the next Bitcoin and it's only $1.25!". However, this is entirely incorrect. Ripple has a 49 billion dollar market cap. The reason it's priced at $1.25 is because there are so many of them. What's a market cap? A market cap is the (number of tokens * the last price traded). So, if you had a crypto that only had 10 tokens, and each traded for $100, and you had another token with a million tokens each trading for $1, the first crypto would have a market cap of $1,000 and the second would have a market of $1,000,000. This effectively means the first crypto is worth $1,000 and the second is worth $1,000,000. + +Now, if you had $100 to spend, you might think, I'll get 100 of these $1 tokens, "That's a great deal!". However, you'd be wrong comparatively, all else equal. What I mean is, if you spent your $100 on 100 $1 tokens, you'd own .01% of that asset. However, if you spent your $100 on the token with only 10 tokens total and a market cap of $1,000, you'd own 10% of that asset. Do you see why this is so important? + +If you're new to investing or crypto, or if you just aren't familiar with market cap, make sure you understand this. This is how you truly price your assets and how you measure your upside potential. A coin with a market cap of $100 million only has to rise $900 million to 10x, a token with a market cap of $10 billion has to rise $90 billion to 10x. Sometimes the lowest priced tokens are actually the most expensive. Make sure you understand this and use it to your benefit. + +If this post is received well, I'll create one in the next couple of days discussing the more nuanced components of the economics driving crypto and why Market Cap is really not the best measure. If anyone's interested? + +GL, and smart investing. :) + + +Edit: For the record, I was only using Ripple as an example. I was in no way saying not to invest in Ripple. Only trying to use an easy example to explain this concept. + +Edit 2: Clearly, some of you understand market cap, its limitations and better ways to approach this problem. This post is not for you. This post is for those who are confused on the nominal value of a token and what it represents in comparison to the asset. Obviously, if you dig deeper into this, MC is not the best measurement, but it is 1000x better than using the nominal value of the token, which as we know, effectively means nothing. + +Last edit: For those hating on this post, please recognize that there are many who are new here and new to investing in general. This post is intended to give a little insight into what can quickly become highly complex, very quickly. This post is not for CPAs, this post is for those who don't know what they're doing and where to start. You were once new to this space too. It's easy to forget how hard it is when you're starting. This is intended to help them. If it's not for you, I respect that, but everyone is at different levels. +Assuming the goal is to reduce CO2 emissions and one of these two options will eventually come into effect, which is better? + +Use whatever metric you think is best: + +* cost +* rate of CO2 reduction +* impact on industry +* impact on consumer +* or any other + +---- + +Also, if you know of a third economic option which would work to this effect (lowering carbon output over time), please elaborate on it. +Hey Bitcoin community, we have folks here from our web development and executive team ready to answer your questions! Let's hear them! We'll begin answering questions at 11AM ET. + +Proof? Not sure we need it but! [Twitter](https://twitter.com/TigerDirect/status/478906606193606656) + + +EDIT: Thank you all for the questions! We're overwhelmed with the amount of positive feedback we've received from the Bitcoin community!! +I just turned 30, I only make a bit more than $40,000 but I have about $20,000 in retirement (not bad for 3 years from finding a ā€œreal jobā€, $17,000 in the money market, and another $10,000 in savings/checkings...so I know how to save money but I donā€™t know how to invest in my money. I live below my means but still treat myself. Where I live has a reasonable cost of living. + +I bought a small house in a nice place, my long term boyfriend makes about $70k as a mechanic. I have no student loans, Iā€™m finishing my Masterā€™s since itā€™s 100% free tuition and the only debt is my house , I think I have a good deal going on. I just wish I can take it further. + +I donā€™t understand stocks very well. Is there anything else I can do with me money? Buy a franchise? Rent my place once I get a bigger place? +https://www.theguardian.com/world/2019/aug/09/chase-bank-cancels-all-credit-card-debt-for-canadian-customers + +Chase Bank is forgiving all outstanding debt owed by customers of its two Canadian credit cards as it exits the countryā€™s market. + +Customers using the Amazon.ca Rewards Visa and the Marriott Rewards Premier Visa were pleasantly surprised to find the balance on their credit cards had been wiped clean. + +The US-based bank, part of the firm JPMorgan Chase & Co, announced in March 2018 that it was closing its two Visa cards and leaving the Canadian credit card market after 13 years. +Blockchain.info's deployed wallet app does not match the code posted on Github. This implies that the code was forked and is no longer Open Source and probably in violation of GPL. + +**Version in Github (3.61) not the same as deployed app (3.63)** +https://github.com/blockchain/My-Wallet-Android/issues/39 + +Please prove me wrong +This is one of the best wallets around, but this discrepancy cannot be taken lightly -- we have no way to verify what this software is doing without the source code. + +I submitted several bugs on Github and they have been ignored: + +* November 25: [web wallet discrepancy](http://webcache.googleusercontent.com/search?q=cache:zyFxC0E8zNAJ:https://github.com/blockchain/App-Resources/pull/2#issuecomment-29192641) (after I submitted a formal bug, the "App-Resources" repository vanished, so this is a link to cached version). +* December 10: [chrome extension wallet](https://github.com/blockchain/My-Wallet-Chrome-Extension/issues/3). +* December 14: [android wallet](https://github.com/blockchain/My-Wallet-Android/issues/39). + +**UPDATE:** Latest source code for the web wallet, chrome extension and android wallet now available on Github. Thanks for the quick response! +I always feel weird bragging, but it seems people around here like to here success stories, and everyone around me is just super jelly, so it's hard to get any credit for my achievements. + +I quit my job as a software engineer just two weeks ago with $750k in total assets. The number might seem a bit low, but I have decent income from two rental properties, and I'm pretty confident I'll have north of a million within five years from real estate and bitcoin gains. Yes, it's speculative, but if I'm wrong I can always find a job easily and earn the big bucks again for a couple years. + +**Here's my current financial situation:** + +-own a paid off 6 bedroom rental house + +-co-own a 9 bedroom rental house with my best friend. We both live in the basement which has separate kitchen, W/D, two bathrooms, etc. + +-have about $150k in bitcoin + +-have around $120k in cash, which I'm working on an investment plan for. I'll likely throw $40k-$80k into solar panels for my two houses, and put the rest in some low risk ETFs + +**And here's how I got to where I am:** + +-I was raised frugal, and never really cared about the finer things in life, so saving came naturally to me + +-I was lucky to come out of college with no student debt. I did running start, then two years at CC, and then my final two years at university, all while living at home. + +-I've been working as a software engineer for the last 12 years. I started earning around $60k out of college, and most recently I was making nearly $150k + average bonus of $30k. + +-The majority of my adult life I've rented rooms in shared houses because I really like living with others and it's way cheaper. I lived in a closet in a 6 bedroom house, a basement and then an attic in a 9 person house, some other more normal situations, and now my current situation in the basement of my rental house. I was married previously, and even during that time we rented out rooms in our house, it's just the way I like to live. + +-I've cashed out about $300k profit from bitcoin after buying it at $6 years ago. I still hold $150k of bitcoin as I'm very bullish about its future. This big gain put me a few years ahead of schedule on my plans. + +-I made some pretty good returns on gold and silver before I got into bitcoin (I used to be a doomer :) ). + +-I had pretty good timing on house purchases and was able to select two properties that had a very good rental price to purchase price ratio. + +-Overall, I just lived relatively cheaply. Basic things like cooking my own food, going on cheap vacations (camping, cheap hostels, etc.), driving a cheap car (geo metros represent!), not paying for much entertainment, and just enjoying the simple free pleasures and adventures in life. + +**How I got interested in all this:** + +I was a hardcore doomer before I got interested in retiring early. I read things like Ran Prieur, and Derrick Jensen, and through that I learned about the idea of dropping out of society. My first attempt was a foolish one 7 years ago with a mere $100k in the bank, thinking I would just buy land and be self sufficient. Boy did I have some growing up to do. I never purchased any land, but I did end up taking about 7 months off work, but I eventually got back into the game. I finally wised up and realized the world wasn't going to collapse tomorrow, but I never lost sight of my goal of becoming truly free from jobs I hated. + +**What my plans for the future are:** + +Right now I'm just in recovery mode. In the last year, it's become quit apparent that I've neglected my health and let 12 years of desk jobs I didn't like run me into the ground. The last year of work I felt like a complete zombie, just zoned out and waiting for it to all be over. Now I've been walking a lot everyday, and going to the gym 5+ days a week, and I'm bouncing back very quickly. Before quitting I was worried about finding motivation to do things, but now I see that I was just under a state of chronic stress for years, which had killed my natural drive and sense of curiosity about the world. + +I'm not one to be happy just chilling around all the time. I want to build things, learn new skills, create art, see crazy ideas through to completion, etc. I have a ton of ideas, so it's hard to say what I'll end up doing. I really like owning/running community houses, so I might try to acquire another property for this purpose. I have a crazy vision of creating a network of such houses in my city to help build community for those who are seeking it. I also love carpentry and would like to get better at it and build a tiny house in my back yard. + +[EDIT] - better formatting +A bond ladder with a mix of munis (4.5%+) and high yield (B grade: 5-7% and BB grade: 3.5-4.5%) would allow a yield backed 5%+ SWR while preserving capital thus guaranteeing perpetuity of retirement. + +Sure equities are sexier, and can rocket to the moon, but they also fall. Thatā€™s volatility which isnā€™t great for retirees. + +Bonds allow you to reduce risk and have guaranteed income. Yet they are only passively mentioned in abstract sentences about diversification. + +What am I missing? +Hello. I posted on PF but was promptly told thatā€™s itā€™s better suited here or RA. Hoping to find someone whoā€™s been in similar shoes or can give me advice. My partner and I are both high 6-7 figure earners. We live incredibly modest lives; save most of our income and invest aggressively. We sold one of our cash cow properties recently and have more cash on hand than Iā€™m comfortable with. My spouse reminded me that we need to gift his family cash. We spoke about this a long time ago but the number was more like 30k. Now SO thinks that 100k would be more appreciated and generous. SO is incredibly close with their family while Iā€™m not with mine so I understand that itā€™s a different dynamic but idk. I feel like itā€™s a bit much. I donā€™t like conflict of any sort so I have already transferred the funds and itā€™s seating in one of my checking but I havenā€™t told SO as of yet. Hope this is the right place to post. Any advice is appreciated. Thanks! +How many redditors here use their own DB vs using API exclusively? + +I have been kicking around the idea of building my own personal database for backtesting and storing scrapped data that is not available readily or economically via API. With my previous algos, I used data from French's library, CRSP, and Quandl but those the majority of the data (CRSP and Quandl) was in locally stored CSVs. I realize there is a lot of data available via API, but I'm also concerned about rate limits and other hurdles. Feedback about how others source/store their data is appreciated. +Asking for a friend. Sheā€™s studying economics in a university in Southeast Asia and minoring in Data Science. How does taking a MS Financial Engineering benefit her? What are the career prospects? +edit to add: Thanks /r/joeledg for the suggestion on **LightSpeed**, I looked into them more deeply and have engaged with Robert Morse over on Elite Trader. They do tick off all the boxes (except the last, but that's really last on my list and not important) below. Please ignore the total misinformation (what really is the point of that??) you'll find in the responses below. + +[https://www.lightspeed.com/automated-trading/](https://www.lightspeed.com/automated-trading/) + +I ignored them before because of lack of API focus, but just found they support colo/cross connect as well as everything else on the list. So that is pretty savvy. + +It's possible the retail API trader is too small of a market to focus on exclusively, but that doesn't stop with providing them good service anyways. I still think there's an opportunity there with the right prioritization and engineering team, but that's a different discussion. + +\-- + +Looking for a broker, ideally API Only. (Competitive with IB!) + +Some ideal features - + +* API retail traders are warmly welcomed, supported, and encouraged +* Should go without saying, but dead simple, rock solid security. +* US stocks/options support +* pure focus on API/algotrading, very basic UI (none is fine with me), no market data support but see below regarding latency. +* low commissions, obviously, but more importantly described and billed with precision and transparency +* order execution transparency, flexibility. Smart routing isn't that important to me, but I do need fine grained control +* order fill ratio rules with smart billing and generally well implemented throttling +* detailed latency comparison against exchanges and routing performance (how fast do messages flow through your broker to exchanges). Focused support for the usual algotrading trading suspect exchanges here. Know your customers. +* DC co-location / cross connect support / generally great network infra +* API performance / C++ support / protocol serialization speeds. Clear, simple python facade to C++ API. Fix is nice, but not required. I want speed and control. +* latency compatibility with data providers (broker doesn't need to supply market data, but needs to ideally have colocation offering which has very low latency against low cost API data providers, eg nanex or nanex like offering) +* paper trading / dev account for staging new code. +* great documentation is nice, but constantly updated example code is required. Best to simply have a reference implementation used for full coverage integration testing that you support. Use good tools to measure coverage. Example code be similar to average use cases. Github for that code would be wise. Think like a developer! +* broad markets support is nice (futures,forex,international, OTC,bonds,etc). + +Add your ideas, fellow algotraders. +Has anyone built or backtested a strategy based on selling options in the morning, slightly after open and buying back in the afternoon? + +Not an algotrader, but I would think this would be a successful strategy to implement manually based on IV decline lagging behind price movement. +Does anyone know of any ways to access historical stock data with Python? Is it built into any of the PyData modules or does it need to be scraped on the web? Also, does historical stock data include realtime stock information? +Following a positive surprise in the second quarter delivery figures, the electric car manufacturerā€™s shares soared by a good eight percent to USD 1,212.21 on the NASDAQ, making it the best performer in the technology-oriented NASDAQ 100 selection index, giving Tesla a market value of around USD 225 billion. In early trading, the shares had reached a record high of around 1,228 dollars. + +[Tesla brought 90,650 cars to customers worldwide in the three months to the end of June. This far exceeded analystsā€™ forecasts](https://gryffintrading.com/2020/07/02/tesla-stock-reaches-new-record-high-tesla-surprises-positively-with-q2-delivery-figures/). At 80,050 units, the majority of deliveries were Teslaā€™s lowest-priced Model 3 and the new Model Y compact SUV. With these offerings, the company of tech billionaire Elon Musk is increasingly establishing itself in the mass market. +I just started selling CSPs about a month ago and I havenā€™t been assigned yet, but unfortunately that has only emboldened me to make riskier and riskier decisions, so Iā€™m sure my days are numbered. + +When you get assigned shares and youā€™re not wheeling, what goes into your decision to either start selling CC to try to recoup your losses, or just sell at a loss and putting the capital to use elsewhere? I never really understood why some people hold the bag for an extended period of time trying to break even on a specific stock. Is it better to sell the losers quickly and move on? +I saw someone post yesterday that you can convert a covered call into a spread if you buy a call above or below the strike price of your covered call. According to this poster, this would often be advantageous to buying back your covered call if it had moved ITM. + +Iā€™ve only recently recently started wheeling, so I donā€™t understand how this works. Iā€™d appreciate if someone could explain it to me. I figured it might help others too. + +Does this conversion to a spread happen automatically? Does it depend on which brokerage you use (TD Ameritrade for me, for example)? Does the expiration date for the new call you buy have to be the same as the CC you sold? If your original CC expires ITM, do you have to exercise the call that you bought to stop your original shares from being called away? Thank you! +Big update. Posted here a couple times, just trying to figure out what to do, what i was doing wrong, and how to not make so many mistakes. For the past 3 months been running the wheel on $LGF/A (lions gate) and with just CSPs I've banked $270 in premium alone with $16 strikes. What other theta strategy can I employ to bank more than what I got going now? Toss em out there +I'm curious about your thoughts on trading VIX / VXX / UVXY spreads. I've never done it but it seems like a fairly good way to make money. What are your thoughts? Credit or debit spreads? Weeklies, monthlies, LEAPS? Do you have experience with this in the past, and if so, how did it go? +I see here everyone suggests to close 30-60 DTE covered calls at 50% profit. The underlying for my 60 DTE CC has dropped and i'm at 50% profit within 10 days. Should I still close it and write another CC or let it be? If I write a new CC I wouldn't get as much premium because the underlying has dropped. All suggestions will be much appreciated. +My main plays are SPX so I'd like to find some sources that help keep me in the loop for how it might be poised to move, but also interested in information on other underlyings as well. + +What are you guys using as a source of information on market plays and movements? +I've been generating income via covered calls for a few months now, and I have been making decent money via premiums and sometimes even got called away dirty, but overall made more money that I lost (potential gains if I hadn't written a call) + +What I observed is that this strategy doesn't factor into numbers the lost opportunity cost. For you to come out on top by selling a covered call (assuming you want to sell the underlying stock\*\*) - you need the price to finish within a specific window -> $strike price - $(strike price + premium received), so you can actually benefit from having written a call against it. This is very low probability, for your price to finish within the window on a specific day on a specific time. + +If the price goes up too much during the time your stock is used as collateral - you're stuck holding a stock with a good enough profit you would have sold ideally. But since the call you wrote against it is probably negative at this point, you're forced to keep the stock against your will. Then finally on the expiry date the price may have come down & you get to keep premium - but you lost potential gain. Getting a $20 premium for this inconvenience will brush over the fact that you could have made much more by selling it at a better time. No one speaks about this, and this is the most common case in selling calls, from my limited experience. + +Can anyone here shed some light on if I'm looking at this strategy correctly? I feel as a swing trader timing is critical and covered calls don't let you time with freedom. + +( \*\* If you don't want to sell your underlying stock, you have to choose a far OTM option which won't pay you enough for your inconvenience of locking your stock for a week/month - so as a rule I only write calls against stocks I want to sell - I know rolling is a option if you don't want to get called away, but I don't want to miss out on potential gains during the next week hoping next Friday's close would be in my target window - and stock market hasn't crashed by then) +FTB having recently bought a house Ā£300,000 with a 10% deposit on a 2yr fixed @ 4.09% - My mortgage payments are 1.1k a month. I recently found out the maximum overpayment is 10% of the outstanding balance annually (up to 27k in the first year). I earn enough to overpay up to the 10% but i was wondering if there are any reasons if any to not overpay as much as possible whilst my interest rate is favourable compared to the current rates offered? +original post: [here](http://redd.it/2mnxr3) + +I met with my mother yesterday. + +The scammers got her pretty good. Several posters were very accurate in detailing what happened even before *I* had the details. She was told she won the lottery, needed x amount of money to pay taxes, insurance, etc...etc... + +She cleared out her entire retirement. It's gone. And the HELOC on the house, also cashed and gone. Although I did my best to explain to her that the way she sent the money- in cash, through the mail- is untraceable, she is mostly convinced that since the state police reported it to the FBI, that the government will be able to get her money back. + +I assessed her current financial situation and while it's not good, it's manageable. She still has enough money to pay her current expenses. + +I got her scheduled for a Dr's appt and will be attending the appointment with her, and providing them with this information beforehand because I do want her screened for dementia and for depression. But honestly, I don't think she has dementia, or even early-onset issues. I think she was just lonely and gullible and maybe greedy and was a perfect victim. it's incredibly sad. + +I am ordering her a whitelist device to prevent more phone calls. I'm not taking charge of the mail just yet. I am following the advice of the posters who suggested I not add my names to her accounts, but I will be arranging POA so I have access to that information. + +I do have a few questions that I know you can answer: + +My mom has a car loan for approx $200/mo for about the next 4 years. Should I be encouraging her to take money from what (limited) saving she still has to pay off this debt NOW, or keep that money as liquid resources in case of other emergencies? Other than the HELOC and some minimal credit card debt of less than 1k, this is the only money she owes anyone. + +Could anyone direct me to layman-friendly tax information? My mother was able to withdraw her retirement without early penalties, but I'm not well-informed on what taxes she may owe on that money anyway. I have encouraged her to discuss the scam with her tax prep person, because one poster suggested she may not have to pay taxes on that money if we can prove that it was stolen, so to speak. I'm paraphrasing, sorry. + +Last question- need some feedback. My mother is at an age where she could retire and have about the same amount of income on social security as she does working. I don't want her to retire until the moment she sells the house and is ready to move- to me it makes sense for her to keep working for as long as possible while she is (hopefully) healthy and able to do so. If anyone has helped their parents make this decision, I'd appreciate some advice on how to address this further. + +I did put a fraud alert on her credit. She insists that the scammers never asked her for her DL, SSN, or any banking/credit information. + +It turns out my mother was the one who contacted the police. Apparently after she had already mailed them nearly $300k and they still wanted more money, she felt as though something was not kosher with the situation. (insert crazy laughter here). Oh and I'd like to point out that my mother went to a different bank than her normal one for the HELOC, so the new bank wouldn't have suspected anything unusual was happening. According to my mother, the scammers told her to use a different bank because "as a new customer you will get a better interest rate." How nice that they were looking out for her! UGH + +Guys I am just so sad about all of this. The money is gone and she doesn't quite realize that yet. The plans we were tenatively making for her to sell her home and buy another outright are shot now that there's a HELOC to pay off. So $100k off of whatever she might get for her current home goes toward that loan, and she's got whatever is left to live on. I don't think she'll get enough to buy a house in my area outright (at least not a decent house!!) so now we are looking at renting, downsizing- things she is not mentally prepared to do. It's going to be awful. It already is awful. + +I want to thank everyone again for your advice and help that you've already offered. I also want to tell everyone that when they are home over the holidays to talk with all their relatives about this story and make them aware of these scams, and emphasize how important questioning these types of "windfalls" can be in protecting yourself. If my mother had told me she thought she won a prize but needed to send in $ to claim it, I could have put the brakes on this hundreds of thousands of dollars ago. +Hey all, + +So from time to time I have seen these discussions pop up on the limits of selling through Computershare, and there have been waves of FUD regarding using their systems for selling. I want to clear up some misinformation so that we donā€™t keep spreading incorrect info. In order to do that, we have to understand what limit sells are, for those who are new to investing. + +##Limit Sells + +When you enter an order via a limit sell, you are setting a floor for the price you will accept (over) and the price you wonā€™t (under the limit). A limit sell with a limit of $100 will fill above $100, and it will not fill if the price drops below. In reverse, a limit buy has a cap of what you are not willing to pay more than. With limit sells, there is no cap. The ā€œlimitā€ is a floor for what you will not accept less than per share. + +##NBBO + +Per law, brokers are required to fill your order at or near the NBBO; the national best bid and offer. When the price of a stock reaches higher than the limit of a limit sell, it **acts as a market order** and it will fill at or near the NBBO. At the current price of $102, if you entered a limit sell of $100, it would fill around $102, and it would not fill below $100. Similarly, if you set a limit sell at $100 and the price increases dramatically to $127, your order will fill near $127. If it drops below $100 before your order is filled, it will not fill. + +##Computershare Limits + +Through Computershare, their systems have a max you can enter for limit orders, at ~$214k. This is the max you can enter for your lower limit, your floor. This limit is not a cap, but rather the maximum amount you wonā€™t accept less than. Above $214k, your limit sell **acts as a market order and gets the NBBO**. If the stock is trading at $10M and you enter a limit sell at the max of $214k, it will fill at or near $10M. Below $214k it will not fill. CS has confirmed that they have no caps on what orders actually fill at on the market, and if you sell a share for $10M (via market order or limit sell) you will get $10M from CS. Understanding what a limit sell is, we can understand that **limit sells do not have caps** anywhere on the stock market and not even CS has control of what your order fills at. The only cap they have is what their systems will allow you to set for lower limits. + +##The Estimated Sales Proceeds Limit + +Computershare has a maximum order amount you can enter via their online system. This limit, the Estimated Sales Proceeds Limit, is a cap on the amount of shares you can enter for an order, based on the cumulative amounts of your limit sells. + +We will use the example of their *previous* limit to show how this works. Their previous limit was $1M per order. This means that using the max you can enter for their limit sells at $214k, the ā€œestimated totalā€ can not exceed $1M. You would be able to enter 4 x $214k limit sells before reaching this order cap of $1M. Again, this cap is **not a limit on what the order will actually fill at on the market.** It is a limitation of their system for grouping orders by amount. + +CS has raised their estimated sales proceeds limit to just under $10M ($9,999,999.99). This means that, using limit sells at $214k, you can group 46 sells into a single order. Once this order hits the market, your shares will fill at the NBBO if the price is above $214k, and will not fill below this limit. Again, CS **cannot** limit what your shares sell for, only what can be entered into their system. CS have confirmed that you can now also make multiple orders via their online system, whereas before it was limited to 1 order at a time until filled. + +##Selling via CS + +With this all in mind, you will want to enter your limit sells via Computershare *when you want to take profits.* If the price is anywhere above $214k when you enter your limit sell, it will enter the queue to be filled the soonest it can. This means that you will have to pay attention to the price when you want to sell and only enter the order at the price you want to take profits at. Other brokers that allow higher limits allow you to be more hands off as the price approaches your huge limits, but due to the low floor of selling via CS you will need to be on top of your price targets when you want to sell. + +##Gaming the NBBO and market orders + +There is discussion around market orders and the NBBO, where some say that using market orders can screw you over if hedgies use some fuckery to drop the price for a split second. I admit that I am not wrinkle-brained enough to dispel this fud, but I do have my own opinion towards this. + +Hedgies are desperately trying to keep the price below a certain price point, the point at which marge calls. Above this, if they fail their margin calls, their short positions will be closed out and the computers at the DTCC and prime brokers will go BRRRRRR in a force buyback of the shares. Letā€™s be real, when the price is at $214k, absolutely nobody will survive their margin calls up until this number. If they canā€™t handle ~$400 in the Jan sneeze, thereā€™s no way they will survive until $214k. By this point, SHFs will already be in a process of liquidation beyond their control. The only buying that will take place at these huge price points will be the automated computers buying up all the shares they can to close out hedgies short positions. The SHFs manipulating the price *now* will not have that ability past $214k due to margin calls and forced buying. Iā€™m not saying itā€™s not possible the price could drop from fuckery during MOASS to mess with your market order or CS limit sell, Iā€™m saying it is unlikely it will be the hedgies that are *currently* manipulating the price. In the millions and hundreds of thousands, it will also be too expensive to borrow and short. + +Another note: if the price is at $10M and you enter a limit sell or market sell order, can a super low bid go thought and screw you over? +I donā€™t think so. Go ahead and test yourself today. Put in a limit buy at $50 and see if it fills. It wonā€™t. Since $50 is not near the NBBO of $100, it will not fill. During MOASS, when the computers at the DTCC are buying up everything they can using market orders, a low ball offer will not make it though the torrent of automated buying to affect the NBBO. **This is not financial advice, just speculation. Sell at your own discretion.** + +##Conclusion + +As we can see, limit sells are not capped. Computershareā€™s limit of $214k is a FLOOR, the highest floor you can enter in their systems. Limit sells will fill near the current price, above $214k. Similarly, the estimated sales proceeds limit of $10M is an order cap *for their systems*, and not a cap on what your order will fill at on the market. **There are no caps** on the stock market using limit sells. You should also only sell at the price point when you are ready to take profits, since limit sells will fill asap above $214k. + +EDIT: if you want a more in-depth look into limits, be sure to check out [this post](https://www.reddit.com/r/Superstonk/comments/sr5a5h/navigating_moass_a_beginners_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by u/hmhemes + +Buy, hodl, DRS, limit sell. šŸš€ +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Hi, new poster here, but have been an on-and-off lurker. We are HNW and are homeowners living in a higher cost of living suburb (but not a super high cost coastal state). I was recently let go from my job and for the first time in my life I have no clear plan on the next step. + +I am late 30s, wife is mid 30's and we have a younger daughter, and neither of us are currently working. We will likely have another child in the next 2 years. + +The good news is we've amassed a big net worth thanks to my 15+ years of hard work and some luck. I might go back to a job, but more likely I want to take time off, and maybe down the line look to do something more entrepreneurial than may never generate any income. + +I realize we are in a very fortunate situation -- on paper I think we're in really good shape. However I don't have any peers in this kind of situation and its a bit unsettling to go from working and earning income to accepting that I may never have a regular income again. + +I wanted to confirm based on our assets / liabilities and expenses below that we can sustain our current lifestyle with neither of us working, keeping in mind that we will probably have another child and we hopefully still have 40+ years of life ahead. Thanks in advance! + +\[Edit: Thanks for all of the helpful responses! I've removed details below to reduce personal info\] + +Total net assets: \~$13M, \~$11M ex home equity and retirement accounts. + +Total annual expenses are about $300k rounded up +I appreciate processes probably differ between banks but I'd appreciate some direction if possible. + +I've just opened an account for my Ltd company with a bank I've never dealt with before, up until now I've used an existing account elsewhere and have amassed about Ā£19k. + +The new bank asked me for previous bank statements which I forgot to supply, they then simply asked me which bank I was with. I confirmed and the new account was opened. + +I now need to transfer over about Ā£19k to continue business as normal but I'm worried about triggering a ML flag. I'm obviously not money laundering so I can supply all the evidence they need but naturally I need regular unimpeded access to my cash. + +Can anyone advise whether I'm likely to be flagged? My main concern is that the bank never saw my previous statements, as far as they're concerned we're a startup that hasn't even submitted first year accounts yet. + + +I'm a cameraman and have done a lot of work for a company over the past year. Up until 6 months ago they were paying me in small chunks but I was earning more a month than they could pay so the outstanding balance has increased steadily to Ā£10k where it stands now. + +They've been promising all will get paid by May then June but still nothing is coming in. I've had many an argument and heard every excuse from them but the main focus is business is bad and they don't have the money to pay but keep promising they will. + +I've threatened court etc but nothing is working. I really don't want this to go to court but I think I'm at that point. I have no experience with this. Can anyone offer some advice or if there's any other way around this? Would the small claims court even help if they genuinely don't have money? +Trading 212 has 0% ISA fees and Ā£0 trade fees. + +This makes it a no-brainer ISA pick over competitors like Vanguard, AJ Bell and Interactive Investor, yet I don't often see it recommended. + +Is there some hidden costs that I'm missing here? +I've been seeing the articles popping up recently about people in investment banking working almost 100 hour weeks so that they can get to a place where they are making hundreds of thousands per year. Alongside that, I've been looking at the whole "four hour work week" movement and just interested to see some different takes on these two different approaches. Which one would you (or do you) opt for, and why? +A few days ago, I created this [post](https://www.reddit.com/r/Superstonk/comments/n800fy/gamestop_should_become_toy_r_us_20_by_also/) suggesting GME become Toys R Us 2.0. I also sent these [tweets](https://imgur.com/a/gomOhrq) to GME and RC during that time as well. I just checked out the GME website and a whole lot of new inventory was added. Many of which were from items people commented about on the post: + +* [Magic trading cards](https://imgur.com/a/Dq1i4tE) +* [Board Games](https://imgur.com/a/zuk5a7m) +* [PC Hardware](https://imgur.com/a/F4YmDCU) +* [Drones / RC Tech](https://imgur.com/a/rqLU0B0) +* [Streaming Supplies](https://imgur.com/a/UEgdfKu) +* [Gunpla](https://imgur.com/a/Z8Hjtym) +* [Digital cameras](https://imgur.com/a/hRLKdj7) + +And my personal favorites: + +* [Die Cast Puzzles](https://imgur.com/a/yWkPVyE) +* [Jigsaw Puzzles](https://imgur.com/a/739AVIX) (just need a 10,000+ piece jigsaw puzzle :p ) + +That's a huge conformational bias for me showing that while GME may not be replying back over text, they are still listening and responding with action. GME is definitely expanding outside of just videogames and definitely lurking on r/superstonk. Business is booming. + +Jack^(Tits) + +Edit 1: The "new" icon is seen on the GME app. If you go on it, you can see the large amount of inventory they recently just added. I tweeted GME asking for the "new" icon to be displayed on the GME website as well as the ability to sort by it. + +Edit 2: Format and grammar + +Edit 3: I made this [tweet](https://twitter.com/pwnwtfbbq/status/1392681120861356032) to GME and RC in hopes for more suggestion box items to be listed. + +Edit 4: "New" on the app may refer to "not used before" versus something that is fresh in inventory. Regardless, there definitely is an increase in inventory related to items that were requested. (I keep a watch for puzzles like a hawk). +*I'm a total idiot - everything described below is my fault Mocking my idiocy is also acceptable* + +I posted last week that I didn't get paid in April, not great. Here is what happened, any advice? + +I had my current account with First direct. + +Three years ago I switched to nationwide using current account switch. + +Last year I switched to Nat West. Yes switch bonuses were involved. + +I foolishly did not update my payroll at anytime and have continued to be paid due to the Current Account Switch Guarantee. + +In March my salary seemed to go: Bank of America => FirstDirect => Nationwide => NatWest + +and landed ok + +In April the 3 years from my switch to First Direct to Nationwide passed. I haven't been paid for April. + +Bank of America have provided proof they send the salary to First Direct - including trn # etc. + +First Direct have no record of the this. BOA have been unable to get any response from First Direct + +I have updated Payroll and will continue to chase but has anyone any advice? + + +**Update 1: Escalated to FD. They have acknowledged they did receive my salary. Just not sure what happened next. They assured me they would come back to me today** + + +**Update 2: I've been paid!! FD located the payment and forwarded to NatWest. They don't know why this happened. I have updated Payroll** +I love crypto. I think it will change the world for the better and we haven't even tapped into what it's capable of. It can take over everything and it's still in the beginning phases, so we are all early adopters. I understand that it's unstoppable and that the government can't do anything about it. + +I think the Federal Reserve is the worst thing on the planet but they are also the most powerful entity on the planet. They can stop the transfer of funds from an exchange to your bank account in and out. They can label it a terrorist activity and all who use it as terrorists. They can take your possessions and throw you in jail. What's everyone's thoughts on this? I know it's years out but it's not that far away from a possibility. + +The one's in power will do everything they can to keep that power. Whether it's a war, cyber attack or even a false flag to stop this beast. Just want to hear what other's think! +When Facebook and Netflix both posted the first time they lost subscribers for a quarter their stock dropped by 20-30% respectively. Maybe this will end up being a domino effect and more tech companies will follow suit. + +For example Amazon mightā€™ve been a good bet. But unfortunately theyā€™ve diversified to other areas like groceries, cloud computing, streaming, gaming, etcā€¦ + +What other tech companies do you believe are not diversified enough, that you believe will end up posting negative growth like Netflix and Facebook? +https://www.wsj.com/articles/charlie-munger-the-phone-is-not-ringing-off-the-hook-11587132006 + +ā€œWell, I would say basically weā€™re like the captain of a ship when the worst typhoon thatā€™s ever happened comes,ā€ Mr. Munger told me. ā€œWe just want to get through the typhoon, and weā€™d rather come out of it with a whole lot of liquidity. Weā€™re not playing, ā€˜Oh goody, goody, everythingā€™s going to hell, letā€™s plunge 100% of the reserves [into buying businesses].ā€™ā€ + + +He added, ā€œWarren wants to keep Berkshire safe for people who have 90% of their net worth invested in it. Weā€™re always going to be on the safe side. That doesnā€™t mean we couldnā€™t do something pretty aggressive or seize some opportunity. But basically we will be fairly conservative. And weā€™ll emerge on the other side very strong.ā€ + + +What do you think? Will Berkshire buy-in their own shares now? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[šŸ“š Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [šŸ“š Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [šŸ“ˆ Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [šŸ¤” Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [šŸ’» Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [šŸ’” Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [šŸ“° News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [šŸ¤” Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [šŸ‘½ Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[šŸ“³Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [ā˜ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +https://www.cnbc.com/2022/12/07/carvana-shares-tank-as-bankruptcy-concerns-grow-for-used-car-retailer.html + +Our beloved online car retailer seems to be giving up. The company, fraught with problems now has another one. Majority holders of their unsecured debt have signed agreements binding them to work together. + +Unless these cucks sell to a giant ass tech company (Amazon), CVNA may run out of gas. + +If they go bankrupt, they will likely liquidate their inventory, which would be the equivalent of bukake-ing on the used car market, increasing supply and bringing down prices. + +It's been real. Guess all that techs is not gold. +https://docs.house.gov/meetings/BA/BA00/20210218/111207/HHRG-117-BA00-Wstate-GillK-20210218.pdf + +There is no tl;dr, click on the fucking article. + +I adore this man. +AMA Today at 5pm With \[u/thecryptostalkers\] + +Already donated over $10,000 to Movember Testicular Cancer Research!!! + +SMEGMARS is a legendary new token that will blow your socks off. We are a community of believers in a theory known as the ā€œMoon Cheeseā€ theory. Essentially, we believe that the moon is made out of cheese.. And weā€™re gonna land on it to take a big bite of it šŸ§€ + +Join the community on telegram: + +Take a look at the website for all the links and white paper. + +Website: \[https://SMEGMARS.space\] + +Voice chats get huge so make sure you hop in there šŸ”„ + +Some factors of success for the token are the fact that it.. + +āƒ has a 7% tax and distribution among holders. + +āƒ 1% burn fee āƒ Max transaction sizes so no big whales jumping in early. + +āƒ Rug screen of 0.2 + +āƒ hit an ATH of 2M in 13 Hours and has held steady at $3.5M+ + +āƒ About to blow up on COINHUNT + +āƒ 50% tokens šŸ”„ + +āƒ 50% into lp + +Plain and simple looks like it's going to the moon. šŸŒ™ + +Strong Discord and Telegram community + +\- Discord and Telegram links on website + +Ownership renounced + +\[https://bscscan.com/token/0x62c2a6f57a65e1e4b1d9e31b3e3511c8c36841a8#balances\] + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[šŸ“š Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“š Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ’” Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[šŸ“ˆ Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [šŸ—£ Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [šŸ¤” Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ’» Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“° News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ¤” Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ‘½ Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“³ Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [ā˜ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL šŸ’ŽšŸ™Œ](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[šŸ“£ Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [šŸ“† Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ† AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸšØ Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“– Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [šŸ”” Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [āŒš Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ„“ Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"šŸ’» Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Look at the number of posts negative of bitcoin. They know no patience and want you to lose yours. Now look at the pump in bitcoin cash, bcash. Attack #3 is underway. All hands on board. +For example, I've considered buying a van and either moving to a high COL city or doing travel nursing with it (if you've done this and would like to share details, feel free). +In October my sister and I had a hostel booked in Munich with a 9am check-in time. Long story short, check-in never occurred; we waited hours as our check-in time kept getting pushed back and back, we were told 10, then noon, then 1, then 2, then 3, then 5... finally we gave up and asked for our reservation to be cancelled as we had missed our plans for the day waiting and somebody had warned us about bedbugs in the hostel while we were waiting (all reviews online confirmed it). We checked our bag and actually found one crawling around on it- I have a photo of it after I killed it. Hell no we werenā€™t going to risk staying there. We had to have money wired for an emergency last-minute Airbnb. + +Man at the front desk was very rude and told us we would be charged in full for all days. He claimed our room would be ready in an hour and we needed to wait, and when we mentioned the bedbugs he said we hadnā€™t been up to our room so how could we know there was bedbugs in our room? He also said that the site we booked through that said 9am check-in was a 3rd-party site unaffiliated with them. Their own website says 3pm (somewhere, but we couldnā€™t find it). Obviously, he refused our refund on all fronts. + +We left, I did a chargeback on my card upon returning to the states. I received a balance correction while the dispute was contested. A few days ago I got charged again for the full amount, so Iā€™m guessing my dispute was rejected. + +Considering the booking was legitimate but through a site not affiliated with the hostel, the bedbugs situation (with pic of bedbug in the lobby, but not our room), and the fact that we didnā€™t stay there, is it worth calling and escalating the dispute to try to get a ruling in our favor? + +ETA: We booked through the 3rd-party but didnā€™t pay through them; we were charged the full stay when I handed over my card upon arrival at the hostel, prior to waiting for hours. + +ETA 2: I did receive the cancellation policy in the original booking email that stated that cancellations were allowed 24 hours prior to arrival date. We were staying 2 nights, so at the very least I believe my second night should have been refunded, unless they mean cancel 24 hours prior to date of entire reservation. Honestly, if I have to pay I wonā€™t lose sleep over it, it wouldā€™ve been much worse to stay in that nasty infested hostel. Just was not sure if late check-ins and bedbugs were legitimate means for emergency cancellation. Thanks everyone for your responses! + +ETA 3: To clear up a few more details; the charge on my bank statement says ā€œbalance adjustment,ā€ which leads me to believe itā€™s from the dispute outcome and not a duplicate charge from the hostel. + +Multiple people have mentioned the 9am check in as odd; the site we booked through was in German so perhaps mistranslation led to it seeming like a check in time rather than arrival time. Either way, when we arrived we were told a room would be ready for us in an hour or so, then another hour or so, and so on. When we came back after lunch the lobby was packed (and I mean, PACKED) with tourists waiting to check in, which leads me to believe that we werenā€™t the only ones given an earlier possible check in time. Had we known and not been strung along, we wouldā€™ve gone to our plans with bags and all. + +My sister and I were quiet and polite waiting in the corner of the lobby. We checked in once ever hour or so with the man at the desk and were nothing but courteous and patient. Regardless, he snapped at us (and everyone else in the lobby) at the slightest question or inconvenience. I understood that he mustā€™ve been overwhelmed being the only one working, but after enough observation I realized that he was just an asshole working in the wrong industry. Or just exhibiting some of that famous European hospitality. + +We were content to wait (unhappy about it, but what could we do?) even though we missed our plans for the day. We got to talking to some others waiting in the lobby who started warning about bed bugs in the hostel. Thatā€™s when we got paranoid as we had been sitting in the gross couches in the lobby, and we started looking online and reading all the reviews. Thatā€™s when we checked our bag and found a bed bug and decided to hightail it out of there. The wait was bad enough, but we werenā€™t going to risk our health and belongings by waiting AND staying in an infested room. + +We were still polite when we requested to check out and the man was exceptionally rude and belittled me to the point of tears. Iā€™m not proud that he made me cry, but he did, and he intimidated me so bad about not contacting management for a refund that I suppose thatā€™s why I didnā€™t try. We just grabbed our things and quickly left. + +The booking site didnā€™t charge us, we were charged when we handed our card over at the desk. +I was browsing coinmarketcap and searched for doge to see if it was below 0.1 again, and while I was disappointed to see it still hasn't, i found some other gems. + +May I introduce you to: + +DogeToken (DOGET) + +DogeCash (DOGEC) + +Dogefi (DOGEFI) + +DogeSwap (DOGES) + +DogeKiller (LEASH) + +and the most hilarious one, beware of + +Dogelon Mars (ELON) + +Like, do those ~~devs~~ scammers even waste more than a few seconds for coming up with a name? First, safemoon, then elongate, and now dogelon mars? *Really*? + +Maybe I'll yolo all my life savings of 3.82$ into ELON lol + +Edit: thanks for the 10 karma. Assuming this is about 50 cents I will now be able to afford hot water for my ramen instead of eating the bricks uncooked +7 months ago, I posted + +https://old.reddit.com/r/financialindependence/comments/qm4aws/preparing_for_the_inevitable/ + +*"FIREd 3 years ago at $1.3M....Sitting today at $1.7M....at some point in the future there will be a year (or 2 years of 3 years) when I finish the year with LESS money than I started with."* + +In a "wow who could have seen THAT coming" way, I am at $1.5M this morning. + +I am doing ok with that. +I am comforted by the fact that my current portfolio +(60% stocks, 30% bonds, 10% cash) +spins off around $40k per year in dividends and interest. +So I do not need to sell at a loss to maintain my income level. + +That together with my $20K pension provides an amount adequate to my needs. + +If you are **IN** RE, how are you doing with our current down market? +**NEWEST UPDATE 7/8:** Today I got a call that the electric company investigators were outside my door. They showed up unannounced which is good because then they get to see everything as it is. I had no lights on, no ac on, nothing, which helped prove my case even more. They went down to the basement and turned my panel off and of course, the business ac went off too. My panel was even labeled with breakers for his business (including parking lot lights). So my case is proven and from here, they call the landlord and he will have to fix it. My bill is his responsibility until he fixes it. I am just so grateful they came out and took it all seriously. Now, hopefully my landlord will be a decent guy and not retaliate. I will formally update as soon as this all works out. + +**UPDATE 6/23:** I just got off the phone with the power company. The rep reluctantly started an investigation and someone will call me with follow up questions, no idea when that will be, but I would guess within a couple days. My bill is on hold so it's not my full responsibility or his responsibility until they figure out what's going on. + +**UPDATE 6/22: The response by u/Tube_Amp (the one with the links) helped solve my problem!** Turns out this is not called stealing electricity but is called Foreign Load. State law requires my electric company to investigate and immediately turn my account to the landlord because he becomes responsible for the full bill since it's impossible to know how much I was being overcharged. He is probably also responsible for the full past bills. I will call tomorrow and use the correct terminology and start an investigation. I should be able to just point out my inconsistent bills with strange spikes correlating to landlords business hours and probably don't have to directly point the finger at him. I'm just updating for anyone else with this problem who searches reddit. I will also just edit some non-important but possibly identifying info from this post. Thanks for all the help, r/personalfinance! + +Also, more than a few people have commented saying I should talk to the landlord because this may be a mistake instead of him purposefully defrauding me. Even if I give him the benefit of assuming it's a mistake though, by telling him about it and asking him to reimburse me for the ~$400 extra I've paid so far, I'd be relying on his good will to pay it back. Because once I alert him, he can easily fix it and then I have no actual hard proof besides my bloated bills during his business hours. + +I just think it's actually more fair to call the electric company and ask them to identify the source of my huge bill. That way I'm covered because they will have proof and the only penalty for him will be that he will have to pay for that electric. He won't be charged or fined or anything. I want to do the right thing and it seems best to have the impartial third party (electric co.) come and see exactly what's going on. + +----- +**Original Post:** +I knew something was wrong with my electric bill when my usage more than quadrupled in the last month. Even running my air conditioner 24/7 wouldn't cause that and I have barely used it at all. + +This year, with it getting hot, my normal usage of 14 kw/day jumped to 64 kw/day despite low usage and not using air conditioning. I called the electric company and they noticed my usage spikes during the exact hours the business downstairs is open. It's a drastic usage change...at exactly opening time my usage spikes to at least 4-6xs normal and it stays that high until the exact moment of closing time. My bill this month will go from an average of $80 to over $300 due to these spikes. He is definitely using his air conditioners and has them rigged up to my meter. + +So, now that I know this, what do I do? My electric company said I have to confront my landlord but that doesn't sound right. Best case, he will unplug the units, plead ignorance and pay me what I've overpaid. But he's a schmuck so it's more likely he will unplug the unit and deny it. Then I can't possibly recoup all the bills I've already paid. I also can't find out what else I may be paying for. + +How do I go about figuring out how much he should pay for the back usage? The usage changes per hour so it's not very cut and dry. I'm also not a lawsuit happy person so I'm not talking lawsuits or anything dramatic, but shouldn't there be some compensation for being defrauded for a year by your landlord? + +I'm extra pissed about this because being unemployed, I sacrifice my comfort for a lower bill. So I've been sitting here sweating in 90 degrees only to find out I'm paying to cool off my landlords entire business! + +*tl;dr: My landlord who runs a business downstairs hooked into my electricity and I've been paying for his air conditioners and probably more for about a year. Electric company says it's my job to confront him.* +I see this stupid argument even in /r/bitcoin + +Banks, hedge funds, and corps don't control the issuance or total supply. Rich people buying Bitcoin doesn't mean it's co-opted. The promise of Bitcoin was never that nobody else would have more money than you. + +It was created with a supply that can't be manipulated & devalued like what's been happening with every fiat currency. + +The goal is for everyone to use Bitcoin and that includes bankers and CEOs. + +If you own 1 BTC you own 1/21million of the total monetary supply and nobody can change that. Stop worrying about what other people have, and be glad that Bitcoin is the first asset that prevents anyone from taking what you have. +Edit: just completed it! + +HireVue is awkward. There's no way around it; it's difficult to look at the camera while simultaneously watching that time bar go down. All things considered, I think it went relatively well. We'll see where things take me. +It seems like a no-brainer, I should max out my i-bond contribution every year. + +So correct me if I'm wrong here, i-bonds will yield 9.6% annualized interest compounded semiannually and have historically net ~10%+ every year since the 90's. I can sell the bonds whenever I want with the only penalty being a loss of the past 3 months worth of interest. So it's highly liquid. +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. +I'm a 17 year old senior in high school, and I've been plagued with the upcoming responsibilities for adulthood. I want to have a successful life as well as a successful bank account. I make 7.50 at a fast food restaurant, I'm not entirely set on a occupation yet, but planning to take a 2-year business management course. If you could rewind and do everything perfect what would your advice be? +I was just thinking about how I got into projects like Avax, Sol, FTM, and ADA early enough to see a really nice profit. And all in all my portfolio is up enough that it is screenshot worthy. + +But the thing is I have absolutely no idea what I am doing. It feels like Iā€™ve just been throwing money into Cryptos just based of Reddit, Twitter or Youtubers tell me to buy. My research for Sol consisted of seeing a long Reddit post on this sub of someone shilling it and the thing was I didnā€™t even read the post. I just looked at the length and thought if this guy went through the effort to type this long of a post it must be a good investment and a bought a couple thousand worth. A lot of my other positions in my portfolio are very similarly purchased. + +Donā€™t even get me started on the tech, at least half the positions in my portfolio I couldnā€™t even tell you what they do or their use case. I just know I have made money off it + +The saying that everybody is a genius in a bull run is sooo true. Any idiot can just make money right now(source: an idiot) + +So to this sub that are not smooth brained like me, how do I go about doing your own research? + +I think Iā€™m going to take some profit and consolidation into stables right then just stick with BTC and ETH till I figure out what the hell Iā€™m doing. +So we haven't seen it from any other media outlets however to me this proves it was not a anomaly but a legit article. Onkadonk from my discord had the interaction. Feel free to join [https://discord.gg/U2F6bN9GPB](https://discord.gg/U2F6bN9GPB) + +&#x200B; + +This was the original article [https://www.risk.net/investing/7853221/jp-morgan-warns-hedge-funds-to-expect-intraday-margin-calls](https://www.risk.net/investing/7853221/jp-morgan-warns-hedge-funds-to-expect-intraday-margin-calls) + +&#x200B; + +https://preview.redd.it/1ztr2yjacgb71.png?width=1021&format=png&auto=webp&s=33772c4fdeffba4d89a3a10f4620bcc301129e35 + +&#x200B; + +https://preview.redd.it/uy0ir60dcgb71.png?width=1056&format=png&auto=webp&s=50b5c73386dcb35e3a42fd99251b3e7712259511 + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[šŸ“š Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“š Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ’” Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[šŸ“ˆ Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [šŸ—£ Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [šŸ¤” Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ’» Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“° News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ¤” Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ‘½ Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“³ Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [ā˜ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL šŸ’ŽšŸ™Œ](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[šŸ“£ Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [šŸ“† Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ† AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸšØ Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“– Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [šŸ”” Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [āŒš Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ„“ Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"šŸ’» Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +As per the title , how much do you typically keep in your current account after bills are paid out, assuming any emergency funds are stored somewhere else? + +For example I have a bills pot in my Starling app which takes care of the monthly stuff, investments etc, and I transfer the rest of my salary to my Chase account, which I use for daily spend. Emergency fund is with Chase too. + +I just leave few of hundred quid in my Starling account in case I've forgotten about a random bill increase, or have to purchase something that I don't want to take out of the emergency fund. +Hi all, + +I see all the time that when you invest in the market you should leave your investment alone for c.5 years to ride out changes in the market. This makes total sense as I can only see it badly if the average person decides they can beat the market. + +Having said that, what does this mean for when you want to make monthly contributions to say a S&S ISA? I have recently set one up and donā€™t have a significant lump sum to invest at once, but wanted to start setting a fixed amount in monthly. At what point can I then cash in on my investment as there will be no clear break of 5 years? + +Note: I know 5 years is not a strict rule but just general advice. +First off, please forgive any revealed ignorance here; I took the econ classes as part of an MBA and mostly stayed awake through them, but I do not claim to be an economist. + +That said, my question is pretty simple. Looking at the US economy from a business perspective, it really seems like there is no remotely feasible way that this ends well. The data points that lead me to that conclusion include: + +- Staggering levels of national debt that is only growing due to continued budget deficits. As it stands now, the national debt stands at over 100% of annual GDP, and that figure is only growing as the deficit remains huge. +- An aging population with a massive segment of the population preparing to retire and begin collecting social security for an average of 13 years each (benefits begin at 65, average life expectancy is 78). +- Crumbling infrastructure after decades of insufficient funding and maintenance throughout the country. +- Governments from municipal to states in financial disarray. +- A population grown completely accustomed to a resource-intensive, globalized lifestyle relative to that enjoyed by almost any other country on Earth. +- And finally, the combination of the game of economic dominoes unfolding in Europe and a slowing Chinese economy. + +Truthfully, I don't see a way out of this that doesn't involve economic upheaval on a scale that would make 2008 look like boom times. That belief colors not only my investment habits (non-inflationary commodities, real estate [not mortgaged], metals, etc) but also a lot of my personal habits (placing an emphasis on self-sufficiency, durable goods that deserve the name, voluntary simplicity, etc). + +So if someone can make a compelling case for why we're not destined to drive over a cliff in my lifetime (I'm 33), I'd love to hear it. + +TL;DR- Looking for someone who doesn't think a US economic meltdown is a foregone conclusion and some explanation as to why/how. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Hi there, hope you're well! + +Me and my partner have been thinking about how to the split bills, this isn't something I've seen disscussed too much here so I thought I'd cover some of the solutions we came up with and see what everyone thinks. I'd also love to hear how everyone else handles it. + +## Random + +The first (and the worst) approach in my opinion, is just to do it randomly. Here you donā€™t really assign costs at all, you just sort of say ā€œYeah you get that one and Iā€™ll get this oneā€. This has a few issues such as itā€™s almost certainly not going to end up with a fair split. The other major issue is that it will lead to it becoming quite difficult to put together an accurate budget. + +## Half and Half + +This is a very simple strategy. You both pay half (or if thereā€™s 3 people with incomes a third e.c.t.). Simply all put an equal amount of money into a shared account and just have everything come out of that. This makes budgeting very easy and can be done very easily on a calculator. This is probably the best option if you expect to all have very similar incomes or if your finances arenā€™t very tied together. Itā€™s very fair in that everyone pays the same so no one is getting ā€œripped offā€. + +## Pay what you make + +This is the strategy me and my partner are employing. This is a great option if one of you earns a lot more or expects to in the future. The idea here is that you compare each other's after tax income and create a ratio from it, you then apply that ratio to all expenses. So for example say Person 1 earns $40,000 after tax and Person 2 earns $80,000 after tax. Person 2 would pay twice the amount towards the household expenses. They would still have more left over than Person 1 though so would still benefit personally from their higher income. + +## Everything in one Account + +This is also a simple one, all income goes in one account and every expense comes out of it. This is extremely simple but has issues. Firstly it requires considerable trust which may be fine in some situations but not others. It also means that if one person overspends then the other suffers for it. + +## Take Turns + +In this approach you would take turns to pay for things. Obviously things donā€™t cost the same so particularly in the short term this would be very unfair, Iā€™m not a fan of this approach and it becomes even more complex when considering recurring expenses such as subscriptions and bills. + +## Big Spender + +In this approach one person will pay for everything AND give money to the other person for luxury purchases. This approach might be employed when one person earns considerably more than the other. For this to be a sensible approach one person would need to earn considerably more than the other and at this point it would really be a single income household for all intents and purposes. +Thanks to u/alexandros_christ for posting some good stuff at: + +[https://www.reddit.com/r/investing/comments/fu6dyj/560\_billion\_of\_investmentgrade\_corporate\_bonds/](https://www.reddit.com/r/investing/comments/fu6dyj/560_billion_of_investmentgrade_corporate_bonds/) + +I made some comments over there, but it made me want to put all the thoughts I've been having into one post. My background. Not much. I have a BA in Economics (which does not in the least bit qualify me to talk about all of this), have traded off and on since \~2007, manage all of my own retirement account (wow...so smart), and can generally understand numbers and complex things if given enough time to study them. + +Every person in r/investing has been giving their 2 cents on the market lately, so I'll chime in with mine. Here are a list of issues I see developing over the next 12-18 months. They all go back to what is essentially a $260 Trillion dollar industry. That's the estimate of worldwide debt as of last quarter. We could have smashed through that number already, who knows. What I'm seeing in these following issues amounts to a ton of defaults and a freezing up of the thing that essentially makes the wheels of the global economy go around. If this pandemic and lockdown keep going, the price of the Nasdaq and S&P 500 are going to be irrelevant. + +1. The Fed is back in the MBS game. [https://fred.stlouisfed.org/series/WSHOMCB](https://fred.stlouisfed.org/series/WSHOMCB) They have recently been piling into mortgage backed securities lately. They got up to a high of close to $1.1 trillion during the GFC in 2010. They upped it to about $1.5 trillion in 2015 and were just starting to unwind some of that over the last few years. However, within the last 2-3 weeks they have piled up over $100 Billion in MBS to stabilize that industry. With all of the other issues I'll mention later, you will quickly see how this whole thing could unravel and the Fed will reach an ATH in MBS holdings in order to try to stabilize everything. +2. The Fed as a whole has been extremely busy. [https://fred.stlouisfed.org/series/WALCL](https://fred.stlouisfed.org/series/WALCL) I don't really even need to write anything here. Just look at that graph. It's terrifying. +3. Unemployment. We are basically 2 weeks into the numbers being reported, and they are absolutely awful. There's no telling when this will end, but with global leaders like Donald Trump and Jair Bolsonaro, this could be going on for a long time. The longer this goes, the more dreadful the numbers will become. Unemployment peaked at around 10% during the last crash, and if this goes on for another 2-3 months, we are going to absolutely demolish that number and get into the ball park of the 25% record during the great depression. This ties back into #1, there are going to be so many mortgage defaults and late/missed rental payments (which, in turn, also causes defaults from larger investors). +4. Check that link I posted at the top talking about corporate bonds being downgraded. In the simplest terms, when a bond is downgraded, it means it has a higher risk of default. A ton of players in the credit industry are limited to type of ratings on bonds they can hold. I honestly think this may be the domino that sets everything off. If a business can't produce/sell/operate, they can't pay off their loans. We were already at debt levels higher than we were in 2008 before COVID happened, this lockdown is just exacerbating an already pre-existing condition that was probably going to cause a mini-meltdown all on its own. If this lockdown stage goes on until mid-summer, I fully expect there to be at least one bankruptcy on the same level as Lehman Brothers, if not multiple. + +I could go on FOR DAYS on this. There are so many underlying, systemic issues that this crisis is going to bring to the forefront. One thing that I'm terrified/interested to see unfold is the fate of the USD over the next little while. The Fed has basically gone through their entire playbook from the GFC. Target rates are already 0%, and they are going to blast through any amount of expansive policy that they ever engaged in 10 years ago. On top of an ever increasing "supply" of USD, there is a market that is going to see a dramatic drop in "demand" of USD....oil. If you don't know anything about the petrodollar, pop some popcorn, and fall down a youtube wormhole and feel the dread sink in. I feel like OPEC is gonna get their crap straightened out, and the price of oil is going to stabilize, but there are so many industries that are shut down right now that guzzle a ton of oil. On top of that, about 50% of the world is on a lockdown, and consuming a fraction of the oil they normally would. A decrease in demand for the dollar, combined with a dramatic increase in the supply of the dollar and an ongoing recession is a recipe for a nightmare I can't even fathom. Thankfully the USD is basically what the global economy relies on, so I don't think any government, no matter how malicious they may be, will allow it to collapse. + +I want to finish this all of by saying that I ABSOLUTELY hope I'm wrong on every single one of those things. I 100% hope, pray, wish that a cure/vaccine/treatment were discovered yesterday. I've heard stories of how dreadful this disease is, and it makes me deeply sad to know that millions of people are going to have to deal with it before all is said and done. + +TL;DR - The credit market is WAY more important than the equity market and much larger. Spend less time looking at the price of the S&P 500 and look at the asset sheet of the Fed, bond yields, foreclosure amounts, etc. + +Bonus. This is what my big "gamble" is right now. I've been rolling a bit of money into SLV (a "paper" silver fund). Just look at the price of silver in the early 80s. It was insane, and we are entering into some of the same monetary territory that we had back then. (Someone has made a great comment as to why the price spiked back then. Good read. It also reached around $47 in 2011 during the GFC) + +Edit: Words +FedEx CEO Raj Subramaniam told CNBCā€™s Jim Cramer on Thursday that he believes a recession is impending for the global economy. + +ā€œI think so. But you know, these numbers, they donā€™t portend very well,ā€ Subramaniam said in response to Cramerā€™s question of whether the economy is ā€œgoing into a worldwide recession.ā€ + +The CEOā€™s pessimism came after FedEx missed estimates on revenue and earnings in its first quarter. The company also withdrew its full year guidance. + +Shares of FedEx fell 15% in extended trading on Thursday. + +ā€œIā€™m very disappointed in the results that we just announced here, and you know, the headline really is the macro situation that weā€™re facing,ā€ Subramaniam said in an interview on ā€œMad Money.ā€ + +The chief executive, who assumed the position earlier this year, said that weakening global shipment volumes drove FedExā€™s disappointing results. While the company anticipated demand to increase after factories shuttered in China due to Covid opened back up, it actually fell, he said. + +Read the full article: [https://www.cnbc.com/2022/09/15/fedex-ceo-says-he-expects-the-economy-to-enter-a-worldwide-recession.html](https://www.cnbc.com/2022/09/15/fedex-ceo-says-he-expects-the-economy-to-enter-a-worldwide-recession.html) + +FedEx (FDX) CEO Raj Subramaniam said he expects the economy to enter a global recession. He also said ā€œWe are a reflection of everybody elseā€™s business". FDX recently reported missed earnings and withdrew its 2023 guidance. Do you agree with Subramaniam? +After discovering Andreas Antonopoulos' youtube channel a couple of months ago, I felt I couldn't get enough. His videos are amazing; his ability to break down the topic of Bitcoin both from a technical aspect and it's potential for the future of the planet is excellent, and I'm sure many will agree he is one of the best speakers on Bitcoin there is. + +While I could listen to him all day, I can't be spending that much time watching Youtube. Given that Andreas has been kind enough to publish his content under a Creative Commons license, and that nearly all of his talks don't require viewing a screen, I decided to set up a process to extract the audio from his videos to mp3 format so that I can listen as I go about my mundane day-to-day. + +Having found this to be an awesome way to learn, I thought I might post some of these to the cloud in case anyone else out there finds them useful. + +Check it out at https://www.mixcloud.com/listentoandreas/ +Any tips for best ways for partners to combine incomes? Would be good to hear from people as to how they did it, any regrets they may have had with how they did it, and how they might do it again in the future. + +Our main worry is the actual mechanics of combining it all with payments going out at various times of the month. I get paid at the end of the month and my wife gets paid on the 22nd (or nearest working day) so it doesn't seem that possible to just blob it all together at the beginning of a new month but happy to be wrong here. + +[This brilliant post](https://www.reddit.com/r/UKPersonalFinance/comments/l0i500/finances_for_couples_overview/) has been great in deciding what kind of split and management style we're aiming for - Method 2. + +Not sure if any background or further details would be relevant here but happy to give some if necessary. + +Thanks in advance! +I am struggling like the rest of us here. Everyday I worry about this and that, how to pay for this bill, what to prioritize with the money I do have, what I need to sacrifice. + +It takes a toll on my self esteem and self worth. Itā€™s a reflection of my financial situation; not in a good place. + +In one way I feel incredibly blessed is that I have 2 cats who adore me. I am able to afford to take care of them, I prioritize it. They love me unconditionally, they donā€™t judge me, they donā€™t know Iā€™m broke, they donā€™t know Iā€™m struggling. Every-time I lay in bed defeated and feeling hopeless, one of them jumps up and lays with me. I cry nearly every-time. They have made me feel wanted, purposeful, loved. They give me a reason to persevere. +I make $3198 before taxes at my full time job. My wife and I have 4 children and one of our twins has severe brain damage and is permanently disabled. We were receiving ~$600 a month in food assistance this year until this month. I was out of work a lot at the beginning of the year because of an extended stay in a children's hospital with my son. He has been doing good health wise so in the past 6 months I've been making my full salary every month. I also picked up a part time job teaching online in the summer. Which is great because we were making about $1500 a month before taxes from that job. We came up for re-examination and we lost all $600 in food benefits; which would've been fine however fall enrollment is down and now my part time pay went from ~$1400 a month after taxes to $300 a month after taxes all in the same month of being denied food assistance. After all taxes are taken my monthly income (considering I get all my hours in) It's about $2800 a month. We are now struggling to buy groceries after we pay all of our bills. + +My son also gets $730 a month for SSI which is a huge help. With how often we travel to the nearest children's hospitals for specialists and his pediatrician (1.5 hours away), gas, food for the kids, etc) most of that goes towards him and his needs. We use very little of it for anything else. I don't even really consider it income when paying our bills unless we absolutely have to. + +-Monthly Bills- + +Mortgage: $800 + +Power: $300-375 + +Utilities: $100-125 (gas, water, trash, sewage) + +Car: $319 (8 passenger van for my children and my sons medical equipment)(10300 balance, refinanced recently) + +Car insurance: $107 + +Discover: ~$250 (3700 balance out of 9000) + +Home depot: ~$50 (800 balance out of 5000) + +Visa Card: ~$125 (1500 out of 2000 balance) + +Furniture Debt: $200 (5500 balance left) (The home we purchased came came with the option to be furnished, owner financed. Which we took at the time.) + +Gas: ~$60 a month for me. (I only live ~5 minutes from work, I also deliver and pickup one of my kids to/from school daily) + +Cell Phones (Wife and I): $100 + +Cable & Internet: $145 (Cable could be nixed but internet has to stay, part time job) + + + +I no longer contribute to a 401(K) which I blew all $9000 dollars of last year staying in the hospital with my son all summer because we were being told he may not make it. Thank god he did. + + +Feeding 3 boys isn't cheap. Our disabled son's insurance pays for his food liquid food every month. When our twins were born they both drew SSI for 1 month. Then the twin without brain damage did not receive anymore because we didn't lie (he was progressing fine). He was doing really good compared to his brother. They were born 31 weeks and 5 days. 2lbs 10oz and 1lb 13oz. Our healthy twin is growing and learning at a great rate. However, recently we were asked by a woman at the SS office why our other twin isn't on SSI. She says he should qualify because of how early he was born and since he's had it before. We aren't the type of people to lie or try to cheat the system. However she is encouraging us to apply. We are afraid that if we apply him for SSI that we may need to go through re-examination and will lose what benefits we already get for our disabled son. We don't know what to do. + +I want to get another job working weekends or nights at the local walmart or something but my wife is totally against it. We don't spend enough time together as it is and she can't handle me not being home at all. She is a stay at home mother. She's our sons caregiver and no one could take care of him like she does, she is amazing. She also keeps two other children at home with her while they grow to school age. The cost of childcare and a nurse for our son would defeat the purpose in her searching for unemployment. She has a GED and no college degree. I have an associates degree and my full-time job is developer/technical support for a local software company. There are no good paying jobs anywhere around here so I'm fortunate to work where I do. + + +I have been roasting coffee at home and thought about selling it for extra income. There isn't anyone around here that does that but for the cooker, rotisserie drum and equipment, bags, labels, and actual coffee in bulk, the initial investment would be ~$800 to get started. I'm scared to finance that kind of money to start a business selling coffee part time at farmers markets around here. It would allow me to work from home and spend time with my family while creating wealth and I have a lot of people on my side locally, who are encouraging me to do it. I just don't know what to do anymore. + +I need advice to afford groceries without using my credit cards. +If you know anything about databases, you might recall that every single record in a database has a 'ROW ID', if nothing else (fancy indices, primary/foreign keys etc.) -- it's impossible to have a traditional database without the concept of *unique* row IDs. + +Many have called for the system to tie every individual ~~stock~~share to a serial number so everyone knows where each one is, and whether one being offered is a copy of a real one or not. They say it's not possible, somehow, or would take years of overhaul (oh boo hoo, they'd have to do some work). + +Now, put that together with the fact that this is all about MONEY. The thing most precious to these Wall St. bigwigs. Do you think there would be a chance in hell they would *ever* allow a trading system that didn't track every hundredth of a cent and its whereabouts, every single millisecond of every single day? + +So when any of the SEC, DTC, DTCC, FED, whomever -- say that it's 'too hard' or 'cumbersome' or 'not worth it' to track **each and every single ~~stock~~share, real or hypothecated**, they are LYING. It's that simple. + +Just a little thing to keep in the back of one's mind. The system is corrupt by design, not due to any lack of capability or information. + +ā€œBeware of he who would deny you access to information, for in his heart he dreams himself your master.ā€ + +ā€• Pravin Lal + +EDIT: share, not stock, in a few places :p +The infinite Money Glitch + + +Don't know why this hasn't caught on more on this sub it's literally staring you in the face. This week is Opex GME has had a substantial run every quarter following the Jan sneeze. I noticed the cycle as did others I'm sure and kept my eyes peeled for info about them, that's when I saw some DD from u/criand. Best explanation I've seen. Highly recommend. These cycles are most likely hedging from leap put contracts used to hide short interest (the missing short interest). Users like u/criand u/gherkinit have all been talking about this. There was a hit piece on gherkinit recently and it feels very off, he hasn't been proved wrong yet at all quite the opposite. The reasons are most likely because he likes options which is totally ridiculous. + +Options Rant + +Options give retail insane leverage and where one of the main contributors to the sneeze in Jan of 2021, why do you think there was a huge push to get retail out of options during the hearings that followed? Options give you the ability to profit on these quarterly rips without selling shares. Far dated in or close to the money options are not a gamble. If you don't know how to use them then steer clear and understand you have nothing to add to the conversation just hold and drs. + + +Where Does That Leave Us? + +Over the last year I've followed this stock from The Degenerate Sub to rGME to now Superstonk I'm not going anywhere and neither is this company. I'm willing to hold for the long term and have learned more than I ever wanted to about the markets. I've seen just how bought and sold the media is, how lax the Financial justice system is and what people will do to gain and keep power. I feel a connection with you all, I believe in this cause and hope you make shitloads of money. šŸ’Ž Fucking Hands + +Not Financial Advice +Positions 120 shares and 3 March 18 contracts +I've got a friend who recently fatFIRE'd, and money's no object for them. Curious what some of the best gifts you've gotten were, that are worth far more than the price tag? +Like when you swipe a debit card then it asks "debit or credit?" + +If I wanted credit I would have swiped my credit card. + +EDIT: wow I did not expect this to be such a debated topic. +Alright apes, itā€™s the last day of voting and I have not seen enough VOTING POSTS. Itā€™s time to GET HYPE and GET MAD. ***This is biggest thing you will vote for in your life.*** This is a vote for financial freedom, a vote to end financial terrorism, and a vote to truly stick it to these fucks that have lied, cheated, and swindled away the livelihoods of our families for generations. This ends now, and we have the power to do it. Itā€™s time to VOTE. (Vote ā€œforā€ on all the proposals!). Weā€™ve held for a year and a half, itā€™s time for the payoff. + +Are you still mad about the media saying WEā€™RE the ones to blame? VOTE + +Are you still mad about being in the red when the ticker should be in the fucking stratosphere? VOTE + +Are you still mad about Kenneth Griffin, financial terrorist, dropping the price by 40% in half an hour in March? VOTE + +This ends now. Letā€™s get this shit apes. +Hello @ all, +In theory it's easy: Buy value, wait until the market appreciates the value, sell. + +What do you do if the market moves against you? +Limiting losses would be counter-intuitive, since your value thesis just got cheaper. + +The most convincing argument I heard is to verify, if the fundamentals/assumptions are still intact and then decide. + +But it seems that there are value investors (e.g. Michael Burry), who still cut their losses if the market moves against them, without changing fundamentals. +I have two picks: + + +IT = obvious pick here, technology has big time blue chips like MSFT, GOOG, AAPL, to keep a steady growth rate, as well as burgeoning technologies that will create the new wave of growth. + + +Energy = yeah yeah yeah, I can hear you say it already. " But no one will be using O&G, it's dying, and we're in the energy bull right now". + +My take is, O&G may not have the same growth rates as they once did, but I believe that midstream and E&P still have legs and the world will always rely on O&G until we make a transition to nuclear power + + +What sectors are you Bullish on +Hello +Ā  +I'm new. Iā€™ve been investing in an ETF for a while reading up on different investment strategies. Value investing makes the most sense to me and Iā€™m currently making my way through a few books on it as well as perusing this sub. +Ā  +The issue Iā€™m currently considering is when it becomes worthwhile to commit to a value investing strategy. There are a couple things Iā€™ve been considering which I would like the communitiesā€™ views on: +Ā  + +Use of my time. Between family and work, I only have so much free time. While Iā€™ve been enjoying learning about value investing, it seems like doing DD can be time consuming and not always interesting. How much time do you typically devote to furthering your knowledge and DD? + +Value of my time. I currently invest 2.5hrs of my net pay per week. If I value my free time at the same rate, it would take some enormous returns (above the benchmark) to justify spending several hours a week learning and doing DD (at least initially). I suspect an investment in value investing would only start paying off after a few years of building up my portfolio and once I can afford to put more of my resource towards investing. In saying that, taking the time to master the craft now will hopefully pay off when I have a larger portfolio. At what point did value investing start paying off for you? + +Ā  +hi, + +To use discounted cash flow, we need to find the discounted rate, right ? I know there's the WACC method but it's a bit complex for me now + +I know that it's related somehow to inflation, but it's not inflation though + +To sum it up, how do you guys find the discounted rate to use the DCF method ? +Having trouble accounting for negative shareholder equity. Itā€™s been negative for years and canā€™t find anywhere management addresses it. Theyā€™ve been buying back shares at a ridiculous pace but thatā€™s causing the debt. The rest of there numbers look killer but Iā€™m wondering if itā€™s all artificial. Any insults, opinions or comparisons appreciated +This is my first post here. I'm new (be gentle). Thought I'd start posting my ideas and analysis on here to get feedback and brainstorm ideas. + +\####################################################################### + +**Description (Data in $000s)** + +AAN is a recent spinoff of PRG that operates in the ā€œlease-to-ownā€ (LTO) business, offering customers the option to acquire staple merchandise ā€“ appliances, furniture, and electronics ā€“ over a fixed term, usually 12-14 months, with flexible terms of agreement. Its primary strategy is to target customers with lower credit scores that are unable to secure financing elsewhere, though this only constitutes \~28% of current revenues, with significant potential for expansion. There is a potential market of 100 million Americans in this segment, alone. + +The LTO business benefits from relatively stable, recurring, and predictable cash flows provided by pools of lease agreements from prior periods. These recurring revenue streams help insulate the business from temporary macroeconomic disruption and are not reliant on current period sales or conditions; 88% of AANā€™s revenues were generated from recurring streams in 2019. More importantly, for our purposes, it increases the predictability of future earnings using past earnings as AAN also benefits from repeat customers. The past two years have been challenging for AAN, but the LTO business tends to perform better in depressed economic conditions that are likely to return and persist over the next few years. Recent revenue shrinkage shouldnā€™t persist over the next few years. + +A rough proxy for normalized free cash flow is an arithmetic average that deliberately understates the growth potential of the enterprise whilst smoothing fluctuations in capital expenditure and other undisclosed (aggregated) line items. The following figures have excluded the restructuring costs incurred during the spinoff and accounted for the potentially higher tax rates (\~30%) under the new administration. + +2017H FCF: $394,623.5 + +2018H FCF: $338,835.4 + +2019H FCF: $520,150.2 + +**2021E FCF: $417,869.7** + +Iā€™ve deliberately chosen to use gross capital expenditures rather than maintenance capital expenditures to understate cash flow generation. + +AANā€™s merchandise base is full of staples ā€“ appliances, furniture, etc. ā€“ that are less susceptible to online e-commerce giants; it is likely to operate over the long-term. In addition, it already offers same or next-day service, delivery and return of product in the majority of its stores. No DCF is required, however. The enterprise value sits at \~$833,790 when all interest-bearing contractual obligations and pensions are accounted for. This means the market is pricing the company at \~2.11x normalized free cash flow. The company is well-financed, too, with ready-to-use financing agreements and a conservatively capitalized balance sheet and potential for dilution is probably restricted to acquisitions with equity-issuance. + +Letā€™s have rough look at comparable companies in the LTO business that have a similar product mix. + +Big Lots, Inc: 7.39x FCF of $264,490 + +Connā€™s Inc: 11.52x FCF of $366,500 + +Dickā€™s Sporting Goods: 18.85x FCF of $275,341 + +FirstCash Inc: 23.68x FCF of $145,138 + +Rent-A-Center: 7.36x of $304,183 + +AAN has slightly higher FCF levels than most of these comparables and is currently refocusing on its most profitable business segments and should post more consistent FCF figures going forward. Based on market interest in comparables, AAN has quite a large margin of safety in eventually being recognised by the market for its fair value. Bad debts are minimal ($933 for nine-months of 2020). + +**Potential Risk Factors** + +AAN effectively operates in the subprime space and is subject to consumer regulation. The biggest risk here is limitations on pricing power, but this is already partially priced into current earnings due to the competitive industry, itself. California recently passed the CCPA that could raise compliance costs. + +Shifting consumer preferences are always a danger, but most of AANā€™s goods are consumer staples such as appliances and furniture, which are subject to limited risk of being ā€œdisrupted.ā€ + +Much has been made of recent court decisions exposing LTO businesses to the acts, omissions, and liabilities of franchisees. This isnā€™t much of a problem for AAN, though, given that it is quickly buying back its franchisees. + +The spinoff may result in a loss of economies of scope and scale in costs. I believe that the margin of safety is large enough to absorb any potential effects that may materialize here. + +The potential for higher taxes has been built into my FCF estimates. + +The rise of e-commerce giants is a problem. Iā€™m not sure Bezos can ā€“ or even wants ā€“ to disrupt the furniture and appliance leasing market, though. + +COVID-19 may pose ongoing problems such as delays in orders and supply-chain issues. None of these have occurred over 2020, and if they occur I believe that they can be offset by the increase in lower credit score customers using AANā€™s lease options. There was an impairment expense for goodwill in the recent results that is extremely conservative, in my opinion, and disguises a net profit as a loss for the nine months of 2020. + +The electronics segment (\~20%) is most likely to be disrupted. I have deliberately avoided considering growth in order to provide a margin of error for disruption and other fundamentally unpredictable events. + +Predicting the dividend yield is impossible at this stage. + +The emergence of buy-now-pay-later enterprises may adversely affect AANā€™s business model. Itā€™s worth mentioning that most of these businesses ā€“ e.g. AfterPay ā€“ operate in more discretionary consumer markets like clothing, though. AAN and LTOs also have the advantage of formalised collateralization of leased-goods. + +**Management** + +The executive suite is being taken over by Douglas Lindsay, Steve Olsen, and John Robinson. Theyā€™ve all been working in the LTO business for years and have good track records. Their compensation is highly performance-based and oriented towards long-term equity options. + +**Catalyst** + +The reduction in selling pressure post-spinoff; the realisation of closer-to-normal results masked by restructuring costs and the full amortization of goodwill in 2020; shift to e-commerce reducing costs for physical stores and improving returns on capital; margin of safety too large to ignore. + +\---------------------------------------------------------------------------------------------------------------------------------------------------- + +Disclaimer: I own the stock. Do your own research - not here to pump. +Hey guys what do you think of Cathie Wood's ARK ETFs. I analysed some of the top holdings of the ARK innovation ETF (ARKK) and these companies are all at an insane valuation, I guess you really have to have a very strong conviction that this ''disruptive innovation'' that she talks about will work out the way she claims. Check out this analysis here: + +[https://www.youtube.com/watch?v=xZexYLUyTZI&ab\_channel=InvestingUntangled](https://www.youtube.com/watch?v=xZexYLUyTZI&ab_channel=InvestingUntangled) + +Please let me know your thoughts on ARK invest? +I've been investing in individual stocks for about a year now. Not much mind you, less than $500. Even though I'm still just a beginner, I would still like to think that these companies are good, or at the very least, they're "ok". And when I say "ok", I mean that they have relatively low debt, a good amount of cash on hand, with positive cash flows year-over-year for the last three to five years, and low P/E relative to competition. But still, I recognize that I am a fledgling investor. + + + +It is because I'm a fledgling investor that I check my stocks each and every day. Not because I'm anxious and want to watch them go up and up and up. But because I plan to hold, at least some, individual stocks for many years to come, and in those years to come there are going to be ups and downs. My theory is that if I get used to watching the prices go up and down now, I'll be more used to it in the years to come, therefore I won't freak out as much. + + +So far I have done pretty ok'ish, haven't sold because of price drop. *But* I did sell a couple when profits went above 50 - 60%. Selling was a mistake, in my opinion, because nothing changed with the company, other than the price, and I speculated... Yes gentlefolk... I speculated. I was afraid to lose my profits so I sold... And in the weeks to months that followed the price continued to increase on almost all of them. It was a hard lesson learned, Not in profits lost, but profits missed. +I have seen a couple of value investors buying Salesforce, it doesn't really seem like a value stock to me, its not really earning much compared to its valuation. What do they see in it? +Hi everyone, + +As most of you here I've been reading about value investing for some time now and trying to learn as much as I can. + +I wrote an analysis of Amazon and what I thought it must be it's fair price based on my assumptions and would love to share with you all here to get feedback. + +The text didn't format very well in reddit so I pasted in a google docs. The link is this + +ā€”ā€”ā€”ā€” UPDATE ā€”ā€”ā€”ā€”- +Thank you all who read and commented. I was able to get really valuable feedbacks so Iā€™ll rewrite the analysis considering those. +Thanks again it was very helpful. +There is a small company called Eagle Point Credit (ECC) trading under $12.00 with monthly dividends of $0.14 producing a yield of over 14%. + +My intention is to buy 10,000 shares (<$120,000 cost) to generate $1,400 every month. + +Then use that $1,400 to regularly buy SPY every month. + +What do you think about this? +I have a portfolio at the time consisting in anywhere between 7-10 individual stocks. I used to have more stocks. I like it now and its easier to keep track of my holdings. The stocks are spread across different areas such as healthcare, c def, tech, energy, com svs etc. Mix between value and growth. + +I just wondered if anybody has any thoughts about concentrating ones portfolio vs a more broad diversification approach? +I'm looking at intrinsic values and I'm trying to understand why banks are so undervalued (using discounted cashflow valuations). They're just getting killed. With the government bailout going through private banks, won't they're volume go WAY UP, make huge fees, and then continue on. + +I also understand that interest rates have fallen but that's just the fed fund rate and means they can borrow at a lower rate. That doesn't mean that they're lending money for free. + +I know that I'm missing something because I don't think I'm super smart... I just don't understand. + +Why have (as a group) their value fallen so much? +A little different from the usual posts here so I hope it's allowed. Interesting article - [link here](https://www.wealthsimple.com/en-gb/magazine/money-diary-hector-bellerin) +[Cigna to buy Express Scripts ](https://www.cnbc.com/2018/03/07/health-insurer-cigna-is-close-to-buying-express-scripts.html) + + +As a CVS investor, Iā€™m wondering how this move will effect the stock. Looking for your opinions. +Lots of praise about how the airdrop is going for the reddit NFT. It works great and smooth. What I like about it that you can also mix and match with your current avatar. + +Here is how to get one if you have not already. I don't know the exact criteria, may about 2.5K Reddit Karma points? + +It looks like you need to be on a desktop. Surf around a bit and got to the home page of reddit. Make sure you are log in of course. Then scroll down a bit and if you are qualified you should see a banner that looks like this. + +&#x200B; + +https://preview.redd.it/i003ebamgri91.png?width=354&format=png&auto=webp&s=ad22ad9af87c45c6eba4ddcbf70d86ed160e1ddf + +click on the link and you can chose a few themes, there is a post some where showing that some of these collections are actually being action off at the moment. When you get it you can style your avatar with the NFT or you can just chose to mix and match. + +Anyways there you go have fun with it. show off your NFT below if you have any. haha + +tldr: go to desktop version, front page, scroll about a bit and look for the banner. + +edit: apparently if you can get it on your phone if you use desktop mode as per comment below. + +&#x200B; +My parents are middle class, and didn't help me much. Up until my grandparents my family chopped wood and mined stuff for a living. Eventually, by living meagerly and slowly saving 65-70% after tax I'm going to be essentially rich, like most of you here. Previously when I reached this point I would party like there's no tomorrow and become poor again, but that's another story. I must admit that I've looked down on people who live in a home bought by their parents, for example. But soon I'll have the wealth to help my children financially whenever/if I have children. This is something completely foreign to me, no one in my family has reached this stage so I have no one to help me out here. What are your thoughts on maintaining wealth for you and future generations without spoiling your family? + +Already I have my (part time-working and community college studying) girlfriend on a strict budget and we're both saving more than ever, and she's not becoming spoiled. Should I just continue living a meager lifestyle, no upgrades, and not let on that I have a lot saved? Make the kids think we're poor like everyone else, then boom, college covered, then that's the extent of helping? Maybe a low-interest loan (1%) for a home so they build wealth? Give to them while making it seem like they're not actually getting a handout? Then they get a nice cash payout when I kick the bucket? + + +[https://imgur.com/a/M25N7UM](https://imgur.com/a/M25N7UM) + +I was making some scripts today to simulate various savings plans, and I produced some results that really emphasize the potential impact of lifestyle creep. + +The attached plot is for two different Roth savings scenarios (added a third with a 26% pre-tax savings rate), one where you constantly live off a certain dollar value (adjusted for inflation) and one where you live off a constant percentage of your wage. The two curves both initiate at the same spending rate of $50k/year post tax. In this case there is a pretty massive difference, keeping your lifestyle constant over the years effectively doubles your real rate of return on investment. + +This is assuming linear real wage growth of about 3% above inflation. The simulation computes taxes and spending each year and saves the remaining earnings in monthly transactions, interest and inflation are compounded monthly. + +&#x200B; + +On a side note, this was done with Roth savings simply because there are less variables in the withdrawal tactics and subsequent taxes. Generally a standard IRA / 401k will outperform a Roth for the FI crowd since the yearly withdrawal rates are much lower than previous income, and therefore have more tax savings. Roth certainly has its place, since contributions can be accessed penalty free before standard retirement age. A split distribution and proper timing of traditional account rollovers is definitely the way to go. This is the main topic I was originally interested in investigating, but I digress. +Was curious to know others thoughts on where rental prices are headed, it seems a lot of the focus is on the actual value of property going down when Iā€™m seeing rental prices almost unaffected in major cities, which in my opinion make property investment very attractive to investors. Are interest rate hikes unlikely to affect rental prices? +Long term investor speaking. + +5 years ago in a famous today TED Talk he predicted that we will suffer a world-wide pandemic. Right now he sits while smiling at camera and telling the broad audience that in the next 10 years we will suffer an enviromental crisis. My question is how are you buckling up for that? + +Tech stocks are one thing, large companies like Apple are trying to reduce their carbon footprint, TESLA is another good stake future wise. + +Do we invest into biotech, solar tech or companies like impossible meat? I don't want to sit with my hand in the toilet becase I bought OIL stocks instead of that one small company that tried to turn leafs into drinkable water. + +Cheers +I see a lot of posts on PF where I have pretty much zero advice to give, either because the sidebar explains everything to someone drowning in debt and can't figure it out, or they just inherited six figures making another six a year and want to know how well they are doing. + +I'm creating this thread just to show that not everyone is super frugal, or super wealthy, or has a recently deceased grandfather that just gifted them a million dollars. + +My situation: + +M/26 married with two kids in the Midwest. Combined salary 50-75k depending on overtime/bonuses, myself working in manufacturing and wife in insurance. Bought a house when things were dirt cheap for 70k, stupidly bought two brand new vehicles, almost one paid off, other has 15k left on it. Currently 8k in 401k and IRA combined. 2k in emergency fund. + +We probably eat out too much, but we enjoy time as a family when we get the chance, as I work six-seven days a week sometimes, depending on how busy my work gets. No student loans, but only an Associates Degree for me. Can't take vacations because we are broke and trying to pay down debt, but we find lots of things to do in the area that don't require too much money. + +In short, nothing special, but not doing bad either. Anyone else feeling financially non-extraordinary that wants to share? +Using my secondary account so I donā€™t doxx myself. I post on this sub regularly. + +So my warehouse lost the lease on their building. (Iā€™m an engineer for the manufacturing company) It ends end of January. So theyā€™re relocating to another city 4 HOURS AWAY. I donā€™t know what Iā€™m supposed to do. I donā€™t know what Iā€™m going to do. Iā€™d get a decent raise and relocation money. But I also live with my parentsā€¦I canā€™t afford an apartment. Iā€™m going through Chapter 13 but havenā€™t filed it yet now because this will completely change everything. And Iā€™d have to live alone. The last time I did that I was incredibly depressed. + +This was just dropped on this suddenly on Friday. I have a week to make a decision. Iā€™m so upset and i donā€™t know what to do. Why does my life always get completely fucked just when Iā€™m starting to turn it around? I JUST GOT THIS JOB 7 MONTHS AGO after being unemployed for 2 years after being a covid layoff. This isnā€™t fair. +This was brought up in a conversation with a coworker today. I feel like I am 40 years older than I actually am because I still reads newspapers. I am actually baffled people think they can replace their news source with social media or some other form that has zero quality control or commitment to inform the truth. + +Anyways got curious what this selected group of individuals read, if anything. I personally subscribe to the Washington Post, Wall Street Journal and a major newspaper from my home country. +2 years of ā€œkicking the canā€. +2 years of ā€œMOASS is inevitableā€. +2 years of ā€œbelieving in a company and their missionā€. +2 years of ā€œfighting against a corrupt systemā€. +2 years of ā€œwithstanding family and friendsā€. + +and even moreā€¦ + +Itā€™s not easy. My wife is telling me ever second day to sell GME and that I should stop hoping. Itā€™s stupid to believe in something that everybody else calls a joke and sees as an stupid investment. +To explain a bit: I went almost all in on GME. I averaged down, but Iā€™m still not break even. But that doesnā€™t bothers me at all. Second I took a loan from the bank and pumped everything into GME, too šŸ˜¬ Iā€™ll hold until everything blows up. Not the smartest move but one I think was right. + +One financial advice: donā€™t invest borrowed money into stocksāœŒļø + +Nevertheless: Iā€™m still confident that the whole system will blow up and that GME is the safest bet on the planet. + +But with this on my shoulders arguing with family (especially your spouse) is tough and costs a lot of energy. I made it this far, I can go a much longer distance. + +Iā€™m still not willing to sell. I had to sell some shares because I lost my job and had to pay some unexpected bills. Besides that everything is ok. Not super duper easy but itā€™s manageable. + +Am I willing to lose this moneyā€¦hell no! Would I sell all my shares pay the loan and chill with a lossā€¦hell no! + +You see, itā€™s not easy and I think that many other people are in a similar situation. Believing in something no one else believes in is fucking hard as hell. But itā€™s your decision. You need to be sure about what you want to believe in, because nobody else will do it for you. + +Iā€™m everyday in this sub and check the GME chart everyday too. I do this to stay informed and to understand the development of the situation. No one knows what the outcome will be. This has never happened before. + +To all struggling apes who have resistance in their private lifeā€™s: pick a way and stick to it. If you donā€™t believe in it pick another path and donā€™t look back. But if you decide to go a path be aware of temptations and resistance. The easy way is not always the best one. But itā€™s also not always smart to go all in, especially when you are not convinced that it will work. + +This is why people like Steve Jobs and friends were so successful. But donā€™t get me wrong, Iā€™m not comparing myself to them. Just saying how uneasy their path to success was. + +Iā€™m not sure why I shared this post. It feels like it has no message at all. Sorry for that. I felt like I need to do it. + +Cheers and as always: DRS +Lightning Network (mainnet): [1323] (https://twitter.com/LNstats/status/978255245632528384?s=19) + +Bcash (Bitcoin ABC): [1280] (https://cash.coin.dance/nodes) + +Not to mention most Bcash nodes are hosted on some Chinese cloud. The actually node count is way smaller. +I currently put Ā£200 into a Help to Buy ISA. I think I will have around Ā£300-400 to put elsewhere. My saving accounts are currently at an abysmally low interest rate, so Iā€™m looking for an alternative. Iā€™d like to start investing but I have no idea where to start. I want something simple. Iā€™d like something I can keep adding to over the next few years and onwards. + + +I invested 1 bnb into both SafeMoon and SafeGalaxy on April 1st. The difference in the number of tokens you get is pretty insane. + +SafeMoon 869,901,966 + +SafeGalaxy 39,176,647,858 + +Here is the breakdown on the redistribution numbers over the last 3 days. + +SafeMoon + +total redistribtion percentage increase + +872,140,419 2,238,453 0.26% + +874,470,499 2,330,080 0.27% + +876,925,292 2,454,793 0.28% + +SafeGalaxy + +39,335,529,653 158,881,795 0.40% + +39,508,496,602 172,966,949 0.44% + +39,751,677,697 243,181,095 0.61% + +total + +SafeMoon 7,023,326 0.80% + +SafeGalaxy 575,029,839 1.45% + +In less than a week, you're going to have more tokens from redistribution in SafeGalaxy than the entire SafeMoon investment. + +As of this post, SafeMoon investment is worth $1,136 and SafeGalaxy is worth $790 + +SafeGalaxy is about 60x away from SafeMoon's current price. Can SafeMoon 12x and be a top 10 coin? + +SafeGalaxy 12x from here is 0.000000228 (that is still such an incredibly low price)It's not even on Coin Market Cap yet. + +\&#x200B; + +If you're in SafeMoon already, ride it out. However, if you're not in either yet, it does not make sense to invest in SafeMoon. You're going to see much more gains in SafeGalaxy. Once SafeGalaxy gets on Coin Market Cap, and an exchange, the answer may not matter as you would have already missed out on major gains from both. + +These tokenomics reward the early investors so much more than any other project. Compound interest, look it up, it's already going to get you more tokens in SafeGalaxy than the entire original investment in SafeMoon. +Ken Griffin, founder of Citadel Securities. Ken Griffin, perjurer during a televised hearing. Ken Griffin, alleged domestic abuser via ripping off a bedpost to throw at his ex wife due to her comments about "Chicago not being sophisticated". Ken Griffin, who on TV claimed Chicago is becoming like Afghanistan. Ken Griffin who is relocating his hedge fund to New York. Ken Griffin who very handsomely funds/buys politicians. Ken Griffin who makes elaborate grandiose gestures such as buying the American constitution and donating $8 million to Bezo's Blue Origin to send one single teacher to space (spoiler alert this is a manipulative self-serving gesture for publicity and tax benefits - 0 altruism involved) Ken Griffin. aka Bernie Madoff 2.0. Ken Griffin, suspected long term stimulant abuser. Ken short selling Griffin, profiting off bankrupting legitimate companies such as medical innovators. + +Ken con-man extraordinaire, finger pointing, scapegoating, projecting Griffin. + +This man needs to be locked up in general population prison with no special privileges for the rest of his life. All of his assets across the world and offshore tax havens need to be located and seized to make reparations. +Hello, friends - + +It's me, Fuzzy. Welcome back. I know, I know. I'm excited too. I had this up at market open but it got spiked by automod \*twice\* so I'm hoping third time's the charm. + +Did you guys see that movie, *The Accountant*? The one where [Sad Ben Affleck](https://media.newyorker.com/photos/5ab58b2922f093031d9fb8fa/master/w_2560%2Cc_limit/Fry-The-Great-Sadness-of-Ben-Affleck.jpg) plays an autistic accountant for organized crime who doubles as a stone-cold killer? Yeah, me neither. I mainly remember it exists because it features Anna Kendrick, a Fuzzy Fave (TM). In the March Madness for my heart, she's a 4 or 5 seed in her conference for sure (look out, u/pokimane). Anyway, that's what we're going to be talking about today. No, not March Madness (never got the fuss) or Sad Ben Affleck (21st century existential icon) - not even Fuzzy's Faves. Today, we're all about bean-counting - specifically, EBITDA, the magic number that makes all of your accounting problems disappear. I figured it was time you autists got to learnin' how businesses can lose money on paper but still be in the green with their creditors - especially at the moment, what with the bat flu and all, when many businesses are trying to explain that no one should panic and they're still in the black (even though they're definitely not). Let's get started. + +Now - disclaimer - I am **not** an accountant (obviously). If you are, feel free to flex in the comments and explain to me how mastery of forward-looking deduction writeoffs or some other fucking word jumble would make me a more complete human and save me $0.03 on my taxes every second five-year rolling addback window. The thing is, like most people that wind up on the human facing side of the finance industry, I cared too much about getting laid in college to give a shit about how to make numbers dance on a P/L statement, so I never really bothered to learn much more than the basics. Once you hit the real world, though, those pocket-protecting calculator jockeys get preeeetty important, pretty fast. Tax, forensics, regular ol' corporate book-keeping - in business-land, you name it, you need an accountant to either do it for you or sign off on it before you send it to the board. So, you know, accountants. Not all bad. + +Anyway, even though I'm not an accountant, one thing I **do** know a lot about is EBITDA. Why? Because it's one of the most hotly contested battlegrounds of modern corporate finance, so I deal with it every day. "But Fuzzy! How can you negotiate something that's an established accounting concept? Isn't that like trying to change 2+2 so it equals 5?" And the answer - if EBITDA was a regular accounting concept - would be yes. But fortunately for borrowers, private equity cowboys and corporate finance lawyers (as well as lovers of weasel words everywhere), it's not, so you can. See, there's a difference between GAAP (generally accepted accounting principles) and... well everything that's not GAAP. You can't fuck with GAAP. How something \*becomes\* or even \*became\* GAAP in the first place... unclear. I guess in ancient times some bespectacled prophet came down from Mt. Nerd with spreadsheets carved on stone tablets, and whatever was on them wound up being generally accepted. I don't know, I'm not a fucking theologian. But however it happened, you can't fuck with it. Happily, though, EBITDA is non-GAAP, so like all the best girls, it's whatever you want it to be. + +But we're getting ahead of ourselves. Today's post is going to be a tale of two halves. We're going to go through what EBITDA is and why it's important, and then we're going to go through a meme-tastic example to show how it can be manipulated - using everyone's favorite manufacturer of tendie-powered cars, rocketships, and flamethrowers... $TSLA! + +If you want to play along at home, here's [$TSLA's 10-K](https://ir.tesla.com/static-files/07bfcb70-aba1-4a27-af09-4f101678320c). Now I know people get all hot and bothered about $TSLA for whatever reason (did you know there's a dedicated Tesla investors subreddit? fucking weird). So let's get this clear from the jump - every single company does this, and I'm not implying that $TSLA is doing anything 'wrong' or 'bad'. I don't give a shit about the ticker or the cars or Elon's mission to put weed on Mars or whatever the fuck he's doing these days, so don't come at me in the comments about any of that shit. They're just the example we're using to work through this exercise. They've actually got a fascinating debt structure that is worthy of its own post (Musk or his family can take it private at any point without triggering a change of control under the docs... what?!), but today we're limiting our scope to the way they're allowed to calculate EBITDA. + +OK. Ready? Let's do this. Sincere and/or funny questions in the comments answered as always. + +1. **EBITDA - A User's Guide** + +When it comes to people, it's pretty easy to measure performance. Where you went to school, how much you make, where you live, how hot your wife is, how long... you get the idea. The point is that life is full of concrete, objective measures to help you figure out how worthwhile (or not) you really are as a human. Stretch out to the "All Time" view on your RH graph to give yourself an idea of where you sit. + +Businesses have a bunch of these metrics they can look at. Profits, cashflow, sales... the list goes on. The issues with most of those, though, is that running a business is a pretty complicated job. There's a whole lot of shit that goes into those numbers each financial year, and not all of it is necessarily indicative of the 'normal' baseline of performance. Maybe you have a bad quarter because of the 'rona (pour one out for $WFC..... yikes). Maybe you get slugged with a tax bill, or a big interest repayment from your bank. Now that might hurt your operating profit on a one-off basis, but it's not something you expect to keep happening. You don't want your shareholders to freak out over nothing. That's where EBITDA comes in (say it like EEE-BIT-DAH). + +EBITDA stands for **E**arnings **B**efore **I**nterest **T**axes **D**epreciation and **A**mortization. The idea is essentially to find that baseline - to produce a number which reflects the true earnings of the business when the pernicious influence of taxes, financing, and accounting is taken out of the equation. Basically, you calculate it by **adding back** non-cash expenses to your baseline operating income. That's it. Simple, right? "OK Fuzz, but what's a non-cash expense? Couldn't that be like... anything?" Exactly. + +Because EBITDA as a concept is more malleable than your more... black and white metrics, borrowers like to use it in loan documentation - particularly in leveraged finance, where it typically serves as the measure of earnings for the company. It's also used as a building block of incurrence baskets - the higher your EBITDA, the more you get to utilize under a particular basket. Usually this is done by way of a either/or construct - you can have $50 million **or** $25% (or whatever) of your EBITDA, whichever is greater. It also turns up in financial covenants and step-downs in asset sale sweeps, excess cash flow sweeps, and pricing. There's a bunch of other non-finance ways it gets used too, but we're just going to stick to this for now. + +Sometimes companies will try and flex their 'record EBITDA' numbers in a 10-K. But if you read on, you'll see that every time they do this, it's qualified by the fact that it's non-GAAP and not accepted blah blah blah. So just be mindful of that when you're reviewing those documents and always read the real numbers before you make a call on how the business is actually doing. + +Anyway, let's see how it can be manipulated. + +2. **Cookin' With Elon - The $TSLA Example** + +Let's take a peek under the hood of [$TSLA's Credit Agreement](https://www.sec.gov/Archives/edgar/data/1318605/000119312519095913/d625340dex1068.htm) to see what's going on with their EBITDA. Remember how I said you could calculate EBITDA by just adding back non-cash expenses to operating income? That's right... in theory. Have a look at this (just skim it, reading it cold will give you a headache. I'm going to break it down for you anyway - this is just for illustrative purposes): + +>ā€œConsolidated EBITDAā€ shall mean, for any period, Consolidated Net Income for such period (without giving effect to (w)Ā any extraordinary gains or losses, (x)Ā any non-cash income, (y)Ā any gains or losses from sales of assets other than those assets sold in the ordinary course of business, or (z)Ā any foreign currency gains or losses) adjusted by (A)Ā adding thereto (in each case to the extent deducted in determining Consolidated Net Income for such period (other than clause (ix)Ā below which need not be so deducted)), without duplication, the amount of (i)Ā total interest expense (inclusive of amortization or write-off of deferred financing fees and other original issue discount and banking fees, charges and commissions (e.g., letter of credit issuance and facing fees (including Letter of Credit Fees and Facing Fees), commitment fees, issuance costs and other transactional costs)) of the Company and its Consolidated Subsidiaries determined on a consolidated basis for such period, (ii)Ā provision for taxes based on income and foreign withholding taxes for the Company and its Consolidated Subsidiaries (including state, franchise, capital and similar taxes paid or accrued) determined on a consolidated basis for such period, (iii)Ā all depreciation and amortization expense of the Company and its Consolidated Subsidiaries determined on a consolidated basis for such period, (iv)Ā in the case of any period, the amount of all fees and expenses incurred in connection with the Transaction (including in connection with any amendments to the Credit Documents) during such fiscal quarter, (v)Ā any unusual or non-recurring cash charges, (vi)Ā any cash restructuring charges or reserves (which, for the avoidance of doubt, shall include retention, severance, system establishment costs, excess pension charges, contract and lease termination costs and costs to consolidate facilities and relocate employees) for such period (a)(x) incurred in connection with an Acquisition consummated after the Effective Date or (y)Ā otherwise incurred in connection with the Companyā€™s and its Consolidated Subsidiariesā€™ operations in an aggregate amount for all cash charges added back pursuant to this clause (vi)Ā not to exceed 15% of Consolidated EBITDA in any Test Period (calculated before giving effect to this clause (vi)), (vii) any expenses incurred in connection with any actual or proposed Investment, incurrence, amendment or repayment of Indebtedness, issuance of Equity Interests or acquisition or disposition, in each case, outside the ordinary course of business for such period, (viii)Ā expenses incurred to the extent covered by indemnification provisions in any agreement in connection with an acquisition to the extent reimbursed in cash to the Company or any of its Consolidated Subsidiaries and such indemnification payments are not otherwise included in Consolidated Net Income, in each case, for such period, (ix)Ā proceeds received by the Company or any of its Consolidated Subsidiaries from any business interruption insurance to the extent such proceeds are not otherwise included in such Consolidated Net Income for such period, (x)Ā all other non-cash charges of the Company and its Consolidated Subsidiaries determined on a consolidated basis for such period, (xi) \[RESERVED\], and (xii)Ā any expenses associated with stock based compensation and (B)Ā subtracting therefrom (to the extent not otherwise deducted in determining Consolidated Net Income for such period)Ā (i) the amount of all cash payments or cash charges made (or incurred) by the Company or any of its Consolidated Subsidiaries for such period on account of any non-cash charges added back to Consolidated EBITDA pursuant to preceding sub-clause (A)(x) in a previous period and (ii)Ā any unusual or non-recurring cash gains. For the avoidance of doubt, it is understood and agreed that, to the extent any amounts are excluded from Consolidated Net Income by virtue of the proviso to the definition thereof contained herein, any add backs to Consolidated Net Income in determining Consolidated EBITDA as provided above shall be limited (or denied) in a fashion consistent with the proviso to the definition of Consolidated Net Income contained herein + +Yowza. That's a mouthful, huh? So in this bullshit alphabet soup are some key phrases that we are going to look at to see how businesses can manipulate their YOY figures to appear a bit... better than they would be otherwise. There are your normal should be in there things too, but most is bullshit. Let's pick out the five big ones. My comments on how these can be manipulated are in ALL CAPS after each one. + +(1) Transaction costs (with respect to both closing date transactions and other permitted transactions) THIS BASICALLY MEANS THEY CAN SPEND HOWEVER MUCH MONEY THEY WANT ON WHATEVER THEY WANT AS LONG AS IT'S ALLOWED UNDER THE CREDIT AGREEMENT AND THEY CAN ADD IT BACK. THEY CAN ALSO INCLUDE ANY COSTS ASSOCIATED WITH LAWYERS (BECAUSE WE'RE EXPENSIVE), ACCOUNTANTS, CONSULTANTS, WITCH DOCTORS, STRIPPERS... YOU GET THE IDEA. THIS IS ONE WAY THAT CASHFLOW NEGATIVE COMPANIES CAN HAVE A POSITIVE EBITA - YOU SPEND EVERYTHING ON MORE SHIT AND YOU GET CREDITED FOR IT. TSLA ARE A CLASSIC EXAMPLE OF A COMPANY THAT WOULD USE THIS ALL THE TIME BECAUSE THEY ARE ALWAYS IN ACQUISITION OR DEVELOPMENT MODE. ALL THAT CRAZY SHIT ELON DOES THAT PISSES AWAY MONEY WOULD GO RIGHT HERE AS A CREDIT TO THE BUSINESS. + +(2) Cash restructuring charges / reserves (capped at 15% of EBITDA) DOWNSIZING, CONSOLIDATION, FURLOUGHING PEOPLE, PAYING TO GET PEOPLE KILLED - IF IT MEANS A CHANGE TO YOUR BUSINESS THAT INVOLVES MOVING PEOPLE AROUND OR GETTING RID OF THEM, YOU CAN ADD IT BACK HERE. SAME GOES FOR CASH RESERVES YOU'VE ESTABLISHED. GET A DOUBLE CREDIT FOR SPENDING **AND** NOT SPENDING MONEY! + +(3) Pro forma cost savings projected to be realized from any material business acquisition (exceeding > of $60 million / 1% of total assets) THIS ONE IS ALWAYS FUNNY TO ME. THE IDEA IS THAT IF YOU BUY SOMETHING THAT COMPLEMENTS YOUR EXISTING BUSINESS, EVEN IF IT IS SOMETHING THAT IS ACTIVELY LOSING MONEY, YOU CAN GET A CREDIT FOR THE SYNERGIES IT WILL HAVE WITH YOUR EXISTING BUSINESS. COMBINE WITH ADDBACK (1) ABOVE FOR A REALLY GOO TIME - DOUBLE DIP ON BUYING CASH BURNING BUSINESSES AND JUST TELL PEOPLE IT'S SYNERGISTIC. WOO, FISCAL HEALTH AND WELLBEING! + +(4) extraordinary losses PRETTY MUCH WHAT IT SOUNDS LIKE. IF SOMETHING FEELS WEIRD TO YOU, YOU CAN PROBABLY ADD IT BACK HERE. THERE IS NO BASELINE FOR THIS. IT'S WHATEVER YOU WANT IT TO BE AT ANY POINT IN TIME AND THE BANK CAN'T STOP YOU. + +(5) unusual and/or non-recurring cash charges WHERE YOU CLAIM WRITEOFFS FOR YOUR CEO'S WIFE'S BOYFRIEND'S SECRET FAMILY IN OMAHA'S CHRISTMAS PRESENTS. YOU CAN SERIOUSLY USE THIS FOR WHATEVER YOU WANT AS LONG AS YOU CAN SAY IT'S (I) NOT SOMETHING YOU'D DO EVERY DAY AND (II) IT PROBABLY WON'T HAPPEN AGAIN. INTERESTINGLY SOME BUSINESSES ARE TRYING TO CLAIM CORONA-RELATED CREDITS HERE TO STEER THEM THROUGH THIS EARNINGS SEASON WITHOUT HAVING TO DEAL WITH NEGATIVE EBITDA. + +This is just $TSLA, and honestly their definition isn't even that complicated. Seriously - go to your favorite ticker's 10-K, find the credit agreement, and CTRL+F "Consolidated EBITDA" and "Consolidated Net Income". Try and read it for yourself and tell me if you think that makes up anything other than a shitty madlib - let alone a real performance metric for a business. + +Anyway. That's today's post. $LYV breakdown later in the week. $LULU on Friday. + +Fuzzy +I'm 57 years old and wondering whether folks think I can retire. +I have $2 million in investable assets, with an extra 150k as a cash buffer. I'll receive a pension of $52k a year (COLA's from 62 on), but no social security coming my way. I own my home and am single. Basic expenses are about $45k a year, so the pension will cover routine expenditures. I have the opportunity to retire now. What do people think? I don't really care for my job anymore. What do you think? Am I good to go for retirement? +Someone by name Jason Miller called me today and claimed as a "special agent" with IRS. He started requesting my SSN and other info for verification purposes. I knew that IRS would not call anyone so I just gave him an earful and hung up. +Incase you are wondering he called me from 202-864-1154. + +I'm just making this post to bring awareness. Tc. +How are you supposed to afford this? Dad fell off the roof and shattered his leg pretty bad last dec He's out of the hospital now (wheelchair bound for now) insurance will cover 60% of it but, the rest and the ambulance bill are his. The ambulance bill is $.7k and he refuses to pay. It is complete BS he has too. Insurance won't cover it because it's out of network. + +My Dad ( 58 is divorced and lives alone. He doesn't make much only around $35k a year) and likely wont have a job when he's back to health since it's a physical labor job. I don't see how this is fair or even just to make him pay all this. He'll be finaically ruined for the rest of his life. His credit is already bad. +Hello all, + +Iā€™ve been lurking for quite some time in this sub, and have come across pages worth of different terminology and such. But what do you truly need to know in order to trade? + +Obviously everyone has a different trading pattern and needs to know different terminology and patterns. But for the average person, do you need to understand terms such as Theta Decay and different calculation models, so on and so forth? +He literally asked his co-anchor +ā€œIf you own a meme stock why would you ever sell?ā€ He knows the sub controls the float and therefore the floor. + + +If none of the apes ever sells, the floor is literally infinity, and he knows this. In fact, to him itā€™s so easy itā€™s ā€œchildā€™s play.ā€ He wants the sub to admit that there is a collective ā€œusā€ here so the SEC can nail us, but there isnā€™t. There is just a round table of apes discussing technicals, the companyā€™s projects, and similar interests. The reality is that We. Just. Like. The. Stock. + + +My opinion is that CrackheadCramer just showed his hand. The floor of $50 mil, $100 mil, $200 mil, whatever apes want can have. Itā€™s up to the apes to decide how history will be written at this point. Truly in the endgame. + + +Donā€™t succumb to the fake squeezes. Theyā€™re already lining up a face squeeze for AYEMCEE to $50, and people are already catching Onto the shill tactic. Same will be done for GME. + + +šŸ’Ž šŸ™ŒšŸ¼ + + +$GME šŸ¦“er šŸš€ to the šŸŒ™ +Ive been looking to buy for ages (its pretty much my only long term financial goal) - but finding the banks arent willing to lend me much. + +- 580k loan (max of 4 banks), i earn 100k pa and have 17k in HECS debt + +This pretty small ammount, and the fact that im bidding against mostly dual income couples or people with interest free loans from BOMAD has made the property market feel super inaccessible. + +Has anyone managed to buy solo? Do you have any tips or tactics you found helpful? + +Cheers! +I understand it only affects a few companies at the money but itā€™s potentially only a first step. What happens to ETFs like NASDAQ when a company like Alibaba gets removed from the ETF and itā€™s re-balanced +I am one of the many millennial home owners who has never experienced an interest rate rise. + +With an interest rate rise/multiple rises inevitable now, I have a larger scale question. + +There no doubt are a lot of households who are at very real risk of defaulting on their mortgage, and the effect that multiple defaults would be devastating on both a household but also economic level. + +My question is, at what point would the government/RBA step in? Would they just let potentially thousands default on their mortgage or would they take action first? + +No hate please, genuine question as I have never experienced this before. +This morning my wife got a call from Hamilton Jacobs & Associates proclaiming to be collection agency working with Wachovia Bank to collect $900 from an overdrafted account that was closed in 2014. They demanded payment on the spot in the form of a checking/routing number or a debit card or else they will send the debt to Cheksystems and freeze all of her accounts at all banks. They had her SSN, phone number, and an old address. When she declined and requested mailed proof of the debt, they became VERY aggressive and a screaming match ensued between my wife and the female representative. A male representative got on the phone and again threatened to send the debt to Cheksystems and have all of her accounts frozen if she didn't pay right then and there. Apparently this company has been doing this for a while with multiple examples on BBB and other scam alert sites with the same exact details (Wachovia Bank, overdraft account closed 2014, has personal info). + +I've been handling all of our finances since 2013 so I know every company and penny that we owe. There's nothing on her credit report but they did have her SSN so she's super freaked out by that. I just checked her credit report for any changes (there's been none) and froze all of her accounts at all 3 credit bureaus. + +Is there anything more we could do to protect her credit? Should we report this to the police? + +Update: Thanks for all the help. We enabled 2-Step Authentication with our 2 credit cards and bank. I know this particular debt has never existed so not worried about it being valid, just having her information out there was unsettling. +[https://kinesis.capital/post/175173192236/engine-engine-number-nine-just-five-stocks-are](https://kinesis.capital/post/175173192236/engine-engine-number-nine-just-five-stocks-are) + + +Are they too expensive or still worth a go? +Hi everyone, Iā€™m wanting to invest for 30+ years and have a stocks and shares ISA Iā€™m drip feeding into each month. it looks something like thus: + +\-emergency fund of 6 months (separate to my portfolio effectively) + +\-Physical gold 5% + +\-in the ISA: Vanguard US Equities 30%, Vanguard FTSE 100 25%, Vanguard emerging markets 25%, Vanguard Europe ex Uk 7.0% and Vanguard Japanese stocks 7.0% + +\-Final 1% is in one specific UK stock, synairgen, which Iā€™m watching closely, more of a gamble and a bit of fun + +as a long term project any advice? Thanks. +% mix Across the full Ā£20,000. + +Apologies if I have got any of this question wrong, I am new to this but know I should take advantage of my ISA allowance. The mechanisms above (Index trackers, ETFs) are the ones I currently feel safest with, with my very limited knowledge. +Both are available in my vanguard SIPP, but I'm not really sure why or what the difference is. They both have the same benchmark (FTSE developed all cap ex. controversies...), 0.2% fees and both are in GBP. + +The only differences I can see are that the UK version has 3578 stocks, has Ā£30m in assets and was created this year. +The version without (UK) in the title has 4123 stocks, has Ā£400m in assets and was created in 2011 + +Anyone know why they both exist (Seems strange that vanguard would create an almost identical fund to what they already had)? Or which is best to go for? +Hi there, I'm looking to purchase a property in London. The area i'm interested in is Canary Wharf/Greenwich as the environment is quite nice. I've viewed a few 1 bedroom apartments (all around 50 sq mtrs) and made offers for the ones i like. They are all low-rise / around 20 years old / and all have cladding issues which i hear requires about Ā£5k-Ā£20k and is cash only (which i am fine with at the moment as i have cash sitting in my home country). They are advertising at around Ā£300-330k. The thing is i've made offers for them at around 15-20% discount and 2/3 i've made offers for have come back accepting the offer rather quickly - at basically the same price the owners bought the apartment for back in 2013/14. I'm wondering am i missing something here? Is this good value because i can muster just enough cash with my boyfriend to purchase? Or is there some serious risks and costs i'm not accounting for with the cladding issue? +Hi all, + +The gains in my portfolio in a general trading account is approaching my annual CGT allowance and I still think there is potential to keep the stock for a few more years. + +Is my best option to sell and realise the CGT gains (ensuring it is below the threshold) and then immediately rebuy back into the ISA? I still have 12k ISA allowance left. + +If anyone has any other suggestions that would be great thank you! +Hey guys, noob here. + +BACKGROUND: I'm fairly new to trading CFD, although I've spent some time in the investing section and I've read 3-4 books. + +QUESTION: are trading 212s spreads fairly tight (because they don't seem it)? + +I understand they won't be as tight as platforms that charge but is there a huge difference? + +Are they pretty much the same as other free platforms? +Hi All, + +As title says, I currently own 0 stocks or shares but would like to put some of my money in Amazon. Can this be done for Amazon as a whole or does it have to be Amazon UK? + +Are there any fees associated if a broker isnt used? + +More generally, where is a good starting point to go to for UK investing information and advice? + +Cheers all! +I'm thinking the banks on the FTSE may be a good move (Lloyds is looking good!). Politically they can't afford another Northern Rock just now and would surely have to bail them out. I suspect Monday may be great for picking up some heavily discounted stocks. Anyone have any strong opinions? +I've been watching alot of videos on YouTube about Americans and retail investing, getting really good returns on properties but I can't really find anything for the UK how profitable can renting be in comparison, If done properly, looking at 60-100k houses in the north/South Yorkshire region? +evening all, i invested in Lindsell train UK equity about 2 years ago in a ISA, to date im about Ā£600 down. I've also some money in the Vanguard VRWL ETF and i dont know whether just to sell the Lindsell at the loss and invest in the ETF for the longterm. Im new to all this +Iā€™m a few chapters into Tim Hales ā€˜Smarter Investing (3rd Edition)ā€™ + +He puts a lot of emphasis about active managers wanting to beat the markets. By this, does he mean if you donā€™t ā€˜beat the marketā€™ that means you donā€™t make a profit? + +In terms of active management, he supports a ā€˜lose the fewest pointsā€™ strategy rather than ā€˜winning pointsā€™ strategy, because he is saying you either have to be lucky or exceptionally skilful, which, makes a lot of sense. If it was easy to judge stock markets then every investing would be rich surely. + +What Iā€™m struggling to understand is, on this sub, there seems to be a lot of people who actively manage their own investments, investing in funds and/or individual stocks. Why are there so many people doing this (presumably successful otherwise they wouldnā€™t be doing it) when he says less than something like only 3% of active managers can outperform over a long period (out performing presumably meaning making a profit, as mentioned before) + +Up to now, the book is quite off putting as I am young and was planning to begin investing independently. + +(I am not naive to think that investing in the stock market is an easy method to get rich quick or just earn some money, hence why I am trying to read up and educate myself) +The only funds that I've found seem to be only available to US customers. + +I saw the global small cap fund on the vanguard platform, but wasn't sure if this was value focused? + +Also, what do people think about holding both vanguard global all cap and vanguard global small cap? +Hello, + +Has anyone been investing in companies that have any kind of cannabis related focus? + +There doesn't appear to many on the LSE (from what I can see) so if anyone has been investing in the American stock market what platforms have you been using? + +Thanks! +I've been watching alot of videos on YouTube about Americans and retail investing, getting really good returns on properties but I can't really find anything for the UK how profitable can renting be in comparison, If done properly, looking at 60-100k houses in the north/South Yorkshire region? +Good afternoon all, + +So long story short, my partner and I have decided to stop spending so much time playing Call of Duty (me) and Zoo Planet (her) and invest some of our time into something a little more potentially profitable. Investing. + +We both work, have a mortgage and a small amount of savings aside, so are looking to invest in something fluid to keep us interested - stocks came to mind! Something both our parents have a keen interest in also. + +I have a few hundred in Trading 212 that I have been playing with and just over a thousand in Vanguard (FTSE Global All Cap) as a long term investment, currently dropping Ā£100 a month into that - please tell me thats a bad idea if it is!? + +My question to this community is really - where do we start? What are the best sources, podcasts, newspapers? How do I learn all the "lingo"? + +We are both very keen to learn and turn this into a passion/hobby. + +Thanks for reading +I am trying to build a portfolio of 80&#37; Stock 20&#37; Bond, with moderate to high risk in search of high growth over 20 years. I have focused almost entirely on index funds to keep charges as low as possible. + +Here is the portfolio I am looking to build: + +[Portfolio](https://docs.google.com/spreadsheets/d/14SCAwomTCawADUfbg5Xa94vRyD4g7gBObNO8Xl2EX3A/edit?usp=sharing) + +My questions are. + +Is this over\-diversified? + +A lot of the portfolio advice I have seen advises for much higher domestic percentage but I understand a lot of this advice is for portfolios in the US. Also, without trying to make this political, I believe the long term effects of Brexit will mean slower growth from funds focusing on the UK. Therefore I have a roughly 30&#37; domestic stocks, 70&#37; foreign. Am I exposing myself to a lot of FX complexities with this split? + + +**UPDATE:** +After your feedback I've updated the portfolio. + +[Portfolio](https://docs.google.com/spreadsheets/d/14SCAwomTCawADUfbg5Xa94vRyD4g7gBObNO8Xl2EX3A/edit?usp=sharing) + +I thought this time I would try and provide some reasoning for each fund I have picked. + +* L&G Global Technology Index Trust \- Sector Equity Tech + * I am a bit of a technological determinist. I think the large tech companies will continue to dominate and provide a strong ROI . Especially with their sheer size and innovations such as AI. +* L&G US Index Trust \- US Large Cap + * There will be a lot of crossover with the Tech index and Global large companies, which I am okay with. The reason I am adding this is it also gives a little more exposure to mid and small cap companies in the US and non\-tech companies. +* Vanguard FTSE Dev Wld ex UK \- Global Large Cap + * In light of everyones comments I have upped this fund to around 30&#37; of the portfolio. +* HSBC FTSE 250 Index \- UK Mid Cap + * I have kept this percentage the same to give me exposure to small cap. I struggled to find any small cap index funds on the platform I am using for foreign stocks with similar performance. Not sure if there is a reason for this or whether I wasn't looking long enough. +* Vanguard FTSE Dev Eurp ex UK \- Large Cap Europe + * I've upped this by 5&#37;. Again I believe Europe, although not as stable as some markets, will be more stable that the UK especially with the unknown that is Brexit. Again not trying to make it political but I find it hard to ignore when looking to invest. +* SLI UK Ethical \- UK Small Cap + * This fund serves two purposes. + * 1. It adds a nice percentage of Mid and Small Cap companies. + * 2. Although I see where u/strolls is coming from, why is investing some money ethically is negated by other less ethical investments? I would rather invest in ethical companies a little bit than not investing ethically at. Therefore I have kept this fund in here. +* Vanguard FTSE U.K. All Shr \- UK Large Cap + * This covers the last of my domestic stock to balance the portfolio around a 30&#37;/70&#37; domestic to foreign split. +Hey guys I hope your all doing well I'm confused because since I've started investing I never came across this type of event now there's a vaccine that it's 90% accurate I was wondering wether it's worth me still investigating or wait and see where the market settles I don't wanna miss out yet I don't wanna be that fool who invest just because of FOMO I've been contemplating for the past week since this has started +Hi I have a question regarding the ISA limit. +Last year I put money into an ISA with hargreaves and lansdown and I am thinking about putting money into an ISA with trading 212 instead this tax year. +If my investment in last years account gets dividends that are automatically invested would that cause trouble for having 2 ISAs this tax year? + +On that note, would I be best adding more money to that same ISA or should I start a separate one this tax year? +Hi everyone, +For those of you who balance several index trackers that cover the world economy (e.g. N America, Europe ex-UK, Emerging Markets, Pacific ex-Japan, Japan, UK), do any of you have a separate fund for China? How do you calculate what percentage distribution of your portfolio to maintain? What do you think is important to consider on this topic? +Thanks so much for your thoughts! +I started this thread https://www.reddit.com/r/UKInvesting/comments/keusu6/what_stocksfunds_are_yet_to_recover/ in the hopes of aggregating a list of UK stocks that are essentially undervalued. + +I am feeling the FOMO if I'm honest, I missed out in march though I had employer options that have certainly made up for that. + +I know in the forum people do consider alot of the UK stocks to be garbage. But I have been thinking things like "growing population needs houses therefore, Taylor wimpy or redrow", "eventually people will want to go back on holiday to Spain, therefore easyJet", "yes people watch films at home but if people can go the gym and pub then they will want to go the cinema again too, therefore Cineworld" (they are in heaps of debt and I'm very reluctant to invest in Cineworld btw) + +I'm asking an honest question here and not looking to be patronised. I'm up for a bit of risk but are my thoughts totally off? Am I just better off just following the trend and buying into specific US growth stocks? + +Then reading this about the UK I'm given huge pause https://archive.fo/FdPKp + +With the US though, because of the massive spike in tech it feels like the getting in period was earlier this year, I feel like kicking myself wanting to hold onto what I have and not risk. I mean people do talk about this being a bubble. I work in development so I know something about making apps, when I look at zoom or slack, I do think "really!" + +We do have tech stocks in the UK, for example Blue Prism which was a real leader in automation, but the stock is just so volatile, I feel that if it would have been a US based company it would have had better treatment and the price would have been in the mid 40's by now given it has a huge real life customer base that are huge themselves. (Telefonica, sberbank, carlsberg etc etc) + +Btw I have the majority of my ISA money in world trackers so this is really about taking a punt, but a best guess sort of punt. +Looking at Nintendo's stock price, it peaked in peak Wii, 2007-11. The switch is set to become more popular, the holiday season is coming, they are about to launch in Brazil, and they are yet to launch some very significant titles - Metroid and the sequel to Zelda. + +Looks good, right? +evening all, i invested in Lindsell train UK equity about 2 years ago in a ISA, to date im about Ā£600 down. I've also some money in the Vanguard VRWL ETF and i dont know whether just to sell the Lindsell at the loss and invest in the ETF for the longterm. Im new to all this +Recently with the lockdowns and the rise of podcasting in general I have found myself watching way more podcasts than ever, actually itā€™s pretty much all I watch now and all my favourite creators are making them. + +Itā€™s getting more and more noticeable when the audio is not up to scratch and imo itā€™s going to reach a point where the audiences stop accepting shitty quality more and more. + +The main issues I have noticed: + +**Moving forwards and backwards away from the microphone** - making the volume constantly louder/softer/etc. + +[Example: watch for a bit from about 20mins in](https://youtu.be/PqshXAHSViw) + +**Podcasts with virtual guests using phone mic/AirPods/non pro mics** - it just sounds awful. Especially combined with bad connectivity. These type of interviews are happening all the time now. + +[Example 1 - watch from 1.55](https://youtu.be/KwfWkxUiak8) + +[Example 2 - watch from 1 min](https://youtu.be/t_MW3636mUI) + +It also seems like ā€œmicrophone technologyā€ doesnā€™t really get much limelight. Cameras are the big one, headphones are pretty big but microphone seems to be more of a recent market (in this context). + +What do you guys think? +This is the last great bastion for financial news in the world. I trust the people here more than any news source or other sub. I see no benefit to staying open. We already have all the great minds of research and diamond handed space apes in here. People who are not already part of this community or either nonbelievers or shills just waiting to get in. Look what happened to our beloved /wallstreetbets. We all started there. I was part of the sub for years. Its where this great movement of ours started. Now look at it. Its completely infiltrated buy shills. If you don't think that cant happen here your crazy. I absolutely trust and adore our mods but things can be taken out of their hands. I think we need to wall off the current community we have and weather the incoming financial shit storm. We cant help everyone... + +Buy. + +Hodl. + +Vote. ( I voted today on with Vanguard) + +&#x200B; + +==UPDATE AND EDIT== + +There are people in here who agree with what i said and some that don't. That is fine. I love being told im wrong, i love being corrected. That's one of the great things about this sub, having disagreements and moving on. I have no ego and realize that my ideas can be bad or wrong. Many believe that moving to read only is a better way to go, i agree with that. I'm just trying to protect what we have here. + +What I don't agree with and wont stand for is the amount of people calling me a shill or this seems sus. You can get that shit out of here right now. I don't get insulted by much but calling me a shill is one way. I'm just a middle class loser who works to hard and doesn't get enough. I hate what this world has become. Its all about money, and having, and keeping, and buying, and expanding, its fucking awful. I just want everyone to be able to do what makes them happy the most amount of the time. Unfortunately, for many, its hard to be happy with the way things are. + +&#x200B; + +==EDIT 2== + +Just got finished watching the The House Financial Hearing like a good Ape should. + +Thanks for all the awards! I love you guys /hug. + +I like to respond to the popular comments up here instead of it being buried somewhere in the responses. + +The major ones seem to be: 1) We don't want to shut new people out and 2) how do low karma accounts/new accounts post? + +The first point i think we have a good idea, instead of locking the sub we make it Read-only for nonmembers. This is the most upvoted comment and seems to be what the majority thinks. I agree with this, but I also have a case for locking the sub before the MOASS starts. + +I believe we already have all the Diamond Handed Space Apes subbed. I feel like the longer we leave it open, we get diminishing returns so to speak. Think about it. Game Stop has been the most talked about stock and most traded stock, in the world, for the last few months. We have Europoors and Ants, people form every country and corner of the world interested in this. Its has spawned 3 House Committee meetings. There isn't a financial outlet in the world who hasn't mentioned it. YouTube hype videos, Billboards being bought across the US, Tweets, license plates, I could go on and on about the popularity surrounding Game Stop. From the 10 million people who ended up joining /WSB, to the 260 thousand or so people we have here, there are very few people who do not know of what is going on, and how to find us. If you aren't already subbed here, you either don't care, are a shill waiting to join, or going to jump on the band wagon when the MOASS starts. I don't want any of these people to have any kind of power or posting ability here. I want you guys, that are subbed now, who have been here through the ups and downs to have to power. When the MOASS starts, or GME hits 1 million a share, we will have 10 million new subs here. It will be a mess. We need to have the dam built before the flood. + +As to point two, how to let low karma/new subs post. I don't know. That's a tricky one. I do see the value in allowing all to speak. But also we want to keep the Shills at bay. The next DFV, Rensole, HomeDepotHank69, or WardenElite could still be out there waiting to post. So I don't know. I just think the discussion is the important part. + +&#x200B; +I have yet to have or know someone with a good job. I'm thankful for my job right now, but is there really such thing as low stress, high paying jobs, or are these jobs complete myths? +Im currently I'm a werid situation that Im not quite sure how I even got into in the first place. (obviously why I'm posting) + +I was about to file my taxes, when my brother notices that my pay stubs have been reading 99 exempt?! Me... being who I am, didn't even notice until now. Ive been getting pay checks that are around $760. (Im 23, in terrible debt already with student loans...and on top of that I owe some money on a Costco credit card) With that being said is there anything I can do to fix this? Im afraid im going to owe alot of money back and not be able to get a refund. I dont even know how my paychecks are reading 99exempt? Is that even possible? +Pretty much every example of people doing fire successfully is people who are software engineers or other jobs that require a degree. I have no degree I am a blue collar worker fixing machinery at a factory working night shift. +I personally find the resurgence of the Austrian school to be fascinating and slightly worrisome. My undergraduate degree is in econ, and I've read bits from Hayek, Hazlitt, and Mises, etc over the years--and never found the methodology [among other things] compatible with my own reasoning or education. + +Is Paul way off base here? Are there any Austrian adherents who feel a 'vindication' of their school of thought given our current economic climate? +On first glance, shouldn't nations be able to print their currency as they see fit? + +Actually, no. I do believe China is behaving unfairly by keeping their currency weak (i.e. by 'printing' more if the value rises against the dollar) but I never see a good explanation for this in the news. Superficially it seems the US is whining about something that is none of our business. + +My current best explanation is that China's keeping their money week is a form of state slavery. They retroactively diminish the value of the money their people have earned, so those people are less able to afford foreign products and must buy from 'The Company Store' - China. Is this a correct analogy? +Recently, there's been a lot of articles linked on the broken window fallacy. The concept of opportunity costs is central to economics, and the broken window fallacy is a great illustration of this concept. However, people seem to be throwing the broken window fallacy around as a trump card without regard to the concept it promotes. The broken window fallacy relies on some assumptions that may not always hold. + +First, let's consider the argument the broken window fallacy seeks to refute: + +1. Destructive events generate economic activity to rebuild the lost goods. + +2. Thus, destructive activities increase economic growth. + +The broken window fallacy correctly questions the link between points 1 and 2 above. + + + 1. Had the destructive events not occurred, the resources used to rebuild would have been used for more productive activities. + + 2. Thus, the destructive events actually lowered economic growth. Economic growth would have been higher had the destructive events not occurred. + +This is certainly a valid argument, in that point 2 flows from point 1. However, people often just assume point 1 is correct without examining it. Why could it be wrong? Resources could be under-utilized (aka we're not at full employment). Point 1 assumes that the resources would have been utilized had the destructive event not occurred. If those resources would have otherwise been idle or wasted, then the broken window fallacy doesn't hold. This is especially applicable for human resources. When unemployment is high, the opportunity costs of a labor-intensive rebuilding effort is much lower. + +**In summary, if you tell others to consider opportunity costs, you should do so as well.** Don't just say there are opportunity costs which invalidates their argument; actually try to consider how much there is, and if that's enough to invalidate their argument. Sometimes, the opportunity costs aren't very high, and a destructive event can have a positive effect on economic growth. + +Looking at wealth (rather than economic growth) makes a stronger case for the broken window fallacy. It's still theoretically possible for destructive events to increase wealth due to the increased economic activity, but there would have to have been serious under-utilization of resources prior to the events to make up for the lost wealth from the destruction. The broken window fallacy is much more likely to hold true when applied to total wealth or resources, especially in extremely destructive events. Then again, this measures total wealth and does not consider changes in people's well-being from the distributional effects of the increased economic activity. + +(Note market failures and human psychology might also be reasons why a disaster might be beneficial economically, but those are much more difficult to measure or "count on".) + +If you disagree, please comment as to why you think this critique fails. + +(Edit: damn you Reddit, I type 3 and 4 and you display 1 and 2. I give up.) +Earlier today, I went to chaseā€™s ATM to deposit a total of $480. The ATM is acting up, so I asked an employee standing around for help. She helped me deposit the cash.For some reason, it swallowed the money and spit out an error receipt and told me to call the number. The employee told me to call the number to file a claim, and said she could help but itā€™s gonna be a long wait, so I decided to call instead. I really need the money because I might get charged with late fees on my internet bill. But the claim specialist told me itā€™s gonna take like 10 business days, and when I asked about the temporary credit, they were very vague about it, trying dodge the question and just answer the same answer: ā€œitā€™s gonna take 10 business day to finish the investigationā€. How should I proceed with this? +Update: I just went to the bank to ask for help. They couldnā€™t do anything because the claim department has more jurisdiction over this than them in this case. I tried to call the claim department after this, but they still refuse to help out, saying they have to check the ATM first. At this point Iā€™d just have to wait. +Edit: to anyone who might think I have poor money management, please turn away because the situation Iā€™m in is very complicated. Appreciate it. + +PĆ©ter SzilĆ”gyi (karalabe.eth) +@peter_szilagyi +Mar 18 + +Complexity is an often overlooked aspect of a system because usually someone else is paying the price for it, not the person creating it. + +But don't be mistaken, someone *is* paying the price - whether money, time or mental capacity. They might not be willing/able to do forever. + +As with scalability, complexity also keeps trickling unseen up to the breaking point. At that time, it's already past the point of no return. + +Complexity also has the nasty effect of causing cascading failures. Overload people too much, lose capacity, leading to even larger load. + +In #Ethereum's history, complexity never decreased. Every EIP is piling on top. Every major change (1559, merge, sharding, verkle, stateless, L2, etc) is one more nail. + +I'm extremely frustrated when a research proposal says "everything's figured out, it's just engineering now". + +As good as it feels that we're approaching The Merge, I must emphasize that #Ethereum is not going in a clean direction. Tangentially it's achieving results, but it's also piling complexity like there's no tomorrow. + +If the protocol doesn't get slimmer, it's not going to make it. + +I feel the root cause is the disconnect between the research and the dev teams. The former has to "only" dream up elegant - standalone - ideas. + +The latter needs to juggle every single idea that was ever introduced, whilst surgically expanding the dimensionality of the space. + +There have been engineering attempts to reduce the complexity (module split in Erigon, responsibility split in The Merge). Yet there was never an attempt to reduce the protocol complexity. + +We are already past the point of anyone having a full picture of the system. This is bad. + +I can't say what the solution is, but my 2c is to stop adding features and start culling, even at the expense of breaking things. + +There are less and less people knowing and willing to piece together a broken network. And each change pushes more away. /FIN + + +LINK to the thread itself: https://nitter.net/peter_szilagyi/status/1504887154761244673#m +I understand the general idea behind resistance and support. But what is actually considered breaking it? + +Iā€™ve seen cases where say the resistance is at $100 and then we go up to 100.03, then it reverses and comes right back down and sells off. + +Iā€™ve also seen where it drops below the support and then bounce right back up. + +So at what point is it truly breaking that resistance and support? Does that need to be at 100.5 or 100.3 or 100.01 assuming resistance is 100? + +Same thing with support. If support is 100, is 99.99 breaking it? Or 99.98 or .99.50? +My and my partner have been living a barely scraping by existence for the last 5 years. We have dreams of buying a house. She thinks it's unlikely we would be able to anytime soon. I know the truth. + +She spends so much money on stupid shit. She had a microtransaction problem. She smokes weed like Snoop. She decorations for every single holiday. There is a constant stream of items coming amazon. + +She talks about wanting to budget but never goes through with it. How do you force the issue without alienating them? +**backtest + case study: how did pmccā€™s perform under 2021?** + +hello, this short introduction will lay some context for the motivation and philosophy behind this backtest. the pmcc is excellent for allowing a trader to profit from both a neutral and single-directional move. this means out of the three possible price action outcomes, pmccā€™s will have positive expected value in ā…” possible scenarios. + +if we forgo greed and focus on hitting singles and doubles each time we trade, we should be able to build an account aggressively while minimizing risk. in fact, part of what makes the pmcc so great is that its a *cash flowing* position, meaning that you can change your exposure WHILE reducing your deployed risk. this means as soon as your trade is in motion, you can never technically lose 100% of your initial investment. you will always recoup something. + +so now that we are okay with breaking even or taking small gains, we choose stocks that we think we are generally bullish on that do not rely on a binary event, so i would not recommend this on fda approval/pharma or binary event stonks. + +for my test, i decided PLTR and AMD. + +**PLTR** + +for a while, PLTR was r/wallstreetbets (and admittedly my own) darling. it offered enough memery, iv, and price action to make it exciting to play. growth was already priced in to hell, but in the beginning of 2021, growth was trendy and if you werenā€™t in growth, you were just another boomer. + +we decide that every week starting from market open 1/4/2021 until 3/26/2021, we go long the 1/2023 5c and short ATM 28dte call, whatever that is. this allows us 12 pmcc/spreads, allowing us to churn 12 contracts over the course of a month to reduce our risk and potentially reap tendies. + +after approx $24,000 in risk, our prices per spread look like this: + +&#x200B; + +https://preview.redd.it/514ao1r8lu581.png?width=403&format=png&auto=webp&s=c856d4d17224762d6f73c9cdd7b158770aa3a744 + +&#x200B; + +https://preview.redd.it/4yrqfmt9lu581.png?width=411&format=png&auto=webp&s=e9aa32a38cd1d86b5e1375f57238cadca71af183 + +&#x200B; + +https://preview.redd.it/7ngu0fgalu581.png?width=419&format=png&auto=webp&s=f4ad65b3b7faa917194a88ad876fa75ed2e79362 + +this gives us an average initial breakeven of $20.00 per contract, putting our break even at $25. anyone who followed pltr this year knows that PLTR did not have a great year. we sold the atm calls then switched to 25c for a short while until our breakeven was reduced further, then we lowered short strike to $20.00 as expiration nears. we played this more defensively, picking a short call to limit losses. + +&#x200B; + +https://preview.redd.it/q7hfatbblu581.png?width=1591&format=png&auto=webp&s=2dd3d36f69064f1a72b50051fd9fb639c0d95ab7 + +&#x200B; + +in total, we wouldve collected $8777 in premium, reducing our risk by 36%. if we closed the position as of 12/15 market close (price is $18.86), we would profit approx $1400 (which includes premium collected), which is approx 5% up. taking a small gain after seeing PLTR take a beating isnā€™t too bad. sure it was a lot of work, but you live to fight another day. (the p/l doesnā€™t show max profit because i added a short call at expiry just in case to show a worst case scenario close right now, even if you have to buy to close your short call, you will still be up). + +PLTR dropped apprx 24.5% since we initially entered, and our premium collected allowed us 29% downside protection. this would have been an okay trade. i would have walked away from this trade annoyed that i wasted time, but i would have learned a lot, and a gain never hurt. + +**AMD** + +AMD is a company that i think most people are bullish on. it seems like a good buy and hodl stock, something that is probably going to go up, but will experience some downward volatility. itā€™s been an extremely relavant reddit stock for 3-4 years now, and is fundamentally sound enough to entered a cautiously leveraged position + +under the same parameters as PLTR, we go long the 1/2022 25cs and short 28 DTE atm calls. after all is said and done, after the first 12 weeks of market opening 2021, we have spent a total of $70,158 with a breakeven of approx $83.47. + +amd dicked around, but nothing too harsh. we collected approx $7516 of premium before we were essentially kicked out of the position. this gave us 10.7% downside protection, bringing our effective breakeven to $77.20 + +&#x200B; + +https://preview.redd.it/q303x4yblu581.png?width=1600&format=png&auto=webp&s=335093a7d51bc5e4ec910f4ca47ab522e3446e8f + +rolling for a credit became too risky for how little premium was left on the bone, so we close at max profit due to the spread. when we account for premium collected, we profited $15358 or with premium collected or 21.8% of initial risk OR 24.5% on deployed risk + +these p/l charts are after hours and also the numbers i calculated are theoretical/unknown IV, just assuming intrinsic value only plays a roll and doesnā€™t include commissions. + +**conclusions:** + +basically, i am moderately pleased with the findings of the pmcc. ive personally been using them since november of 2020 to decent succes. i am up life time (paid my losses from my initial r/wallstreetbets days) and only now calculate over a ytd basis. right now, im up approx 40% ytd and i didnā€™t even do my pmccā€™s correctly. i didnt have the foresight or conviction to (at the time) to know to just dca. this was sort of a though experiment of trades that couldā€™ve happened for me this year and how they wouldve performed. i actually got slapped around by PLTR (if anyone follows my comment history from the beginning of this year). this operates from a purely mechanic standpoint and is also in hindsight. itā€™s *very* difficult to roll the strikes because you are basically playing with fire. this is why i assumed to short strikes at breakeven when wanting to be defensive, then choosing lower/higher strikes depending on how kind of loss/gain i want to book. + +not a super comprehensive study, but i do think itā€™s a good summary of what my personal trading thesis is and how it wouldā€™ve succeded in two different scenarios (one being up bigly, one being down moderately). i did this strategy on rkt as a test to great success, then got clobbered by PLTR when it high $16 back in may. i then did this on MARA with better risk management and was able to ride it up in the beginning of the fall. iā€™ve since then switched to HUT to decent success (given how much HUT has fallen from when iā€™ve gotten in). + +i have learned much from trading this year and am looking forward to 2022. as long as i break even this year i am happy as i know i have yet another year to make this work. my goal is to simply my trading and eventually bring enough cashflow to never have to worry about adding to my portfolio if i didnt (as this would free up personal cashflow). + +hope this study finds someone use. +Two common strategies while selling covered calls are to roll up/out if the market price exceeds the strike price, or to simply get assigned and then turn around and start wheeling by selling cash secured puts. + +It seems to me that each week you can make a decision as to whether or not you want to rollup or whether you want to wheel. For example, maybe if the cost to rollup is relatively small and you still make some profit, it would be better to rollup; whereas if the cost to rollup was really large, it would be better to wheel. + +What factors do you use to decide whether to roll up or wheel? + +One thing I don't really like about wheeling is that it would require taking a tax hit due to short term trading. +Recently I've begun utilizing the Wheel strategy for Theta. A popular ticker for me has been BAC. + +I've opened three CSP's over the last two months: + +https://imgur.com/uPG7Zyl + +Great!, the first two closed within days for 50% credit and I opened the next trade in the list. However, this was not the case for the third trade. + +I ended up rolling the last trade to a $26 strike on the 7/31 exp collecting another $.25 in credit. Not bad, but still in the green! + +I did it again on 7/9 with an 8/21 exp for another $1.01 credit, excellent! + +https://imgur.com/LJiXbfV + +https://imgur.com/p9YF0It - $232 in Premium, not bad. + +I set up my usual 50% target for Buy-to-Close and monitored the trade. theta did its thing and it auto-bought at 50% on Friday. + +Feeling good, I logged my trade in my sheet and was immediately hit with reality... + +https://imgur.com/KH7CeDv + +https://imgur.com/gLYdTPE + +Closing at 50%, as per the common recommendation here and on Tasty Trade, actually resulted in an overall $7.87 loss. It could have been a lot worse obviously, but this was a great lesson in something I knew, but never really clicked. + +**Rolling is just closing a position for a loss and opening a new position for a higher premium. I pocketed $.25 and $1.01 on the assumption that the new option is open to expiration. Then, blindly setting up the 50% GTC as I normally do, meant I was not even going to break-even after the previously negative trades. I should have seen it and all of the math makes sense, but I overlooked this detail being new.** + +**Really I needed each roll to either buy-back at a lower premium (higher profit target) to at least break even or earn some profit, or run to expiration, get assigned the shares, and actually reaping some benefit from the premiums collected.** + +Live-and-learn, I've only been at this a few months, and on a $10,000 starting balance, I'm up 10% in 2 months. Nothing crazy, but for a newb in any kind of trading, I'm happy to be learning and making a little money. + +Thanks for reading. +Iā€™ve been making my target of 1% a week for a few months now . Mostly weekly csps on tsla at . 1 delta and then some amzn vertical spreads . +Both these have earnings coming up so Iā€™m out for a week and doing some minor trades around them. +I like weeklies as of the decay and wrapping it all up nice on Friday. Iā€™ve rolled down and out once with my system. +Does anyone else pull off this amount a week on average and what are your go to tickers? + +Selling options has changed my life and best job Iā€™ve ever had . +Recently I've begun utilizing the Wheel strategy for Theta. A popular ticker for me has been BAC. + +I've opened three CSP's over the last two months: + +https://imgur.com/uPG7Zyl + +Great!, the first two closed within days for 50% credit and I opened the next trade in the list. However, this was not the case for the third trade. + +I ended up rolling the last trade to a $26 strike on the 7/31 exp collecting another $.25 in credit. Not bad, but still in the green! + +I did it again on 7/9 with an 8/21 exp for another $1.01 credit, excellent! + +https://imgur.com/LJiXbfV + +https://imgur.com/p9YF0It - $232 in Premium, not bad. + +I set up my usual 50% target for Buy-to-Close and monitored the trade. theta did its thing and it auto-bought at 50% on Friday. + +Feeling good, I logged my trade in my sheet and was immediately hit with reality... + +https://imgur.com/KH7CeDv + +https://imgur.com/gLYdTPE + +Closing at 50%, as per the common recommendation here and on Tasty Trade, actually resulted in an overall $7.87 loss. It could have been a lot worse obviously, but this was a great lesson in something I knew, but never really clicked. + +**Rolling is just closing a position for a loss and opening a new position for a higher premium. I pocketed $.25 and $1.01 on the assumption that the new option is open to expiration. Then, blindly setting up the 50% GTC as I normally do, meant I was not even going to break-even after the previously negative trades. I should have seen it and all of the math makes sense, but I overlooked this detail being new.** + +**Really I needed each roll to either buy-back at a lower premium (higher profit target) to at least break even or earn some profit, or run to expiration, get assigned the shares, and actually reaping some benefit from the premiums collected.** + +Live-and-learn, I've only been at this a few months, and on a $10,000 starting balance, I'm up 10% in 2 months. Nothing crazy, but for a newb in any kind of trading, I'm happy to be learning and making a little money. + +Thanks for reading. +Hi all, software dev here who recently got into options, CCs and CSPs and a few spreads. Looking forward to building an account to start doing some short strangles. + +Iā€™m just wondering what people are using to track their options? Iā€™ve started with a simple spreadsheet but lost track a bit now because I kept rolling a couple and IBKR is a literally just awful in my opinion trying to follow everything in the reports tab. + +Iā€™d be super interested in contributing to an open source / self hosted piece of software (web app) but just wondering what the majority of /r/thetagang are doing? + +Thanks! + +Keep printing šŸ’µ +Any successful 2020 wheelers here with PM and larger accounts? If so can you please discuss a few things: + +1. Account size +2. 2020 Return +3. Primary wheel stocks/ETFs/futures and why you chose them +4. How you manage your PM and discipline yourself to take assignment so you don't end up taking assignment on something like $1M of underlying +5. Primary wheel strategy. Eg, sell put (what delta?), assigned, sell call (what delta?), what duration options? +6. Other strats that have made you good $$$ in addition to wheeling. Eg, sell a naked call on top of covered call to reduce delta, sell strangles, etc. +7. How active you are in your account on a daily basis. Eg, look at it 5 minutes a day, once a week, etc. +8. Anything else you want to discuss related to strategy, allocation, etc. + +Edit: I am aware of joonie's thetagang site where people track their trades. If you have any interesting pages from there (or somewhere else) to share that shows people's trades, please share. I learn by example so I like to see what others are trading. +So Iā€™ve been looking at tsla 1/19/24 and selling the .8 delta strangle you can sell 25 for $23k other than the reduction in buying power and general managing for the length of the trade is there a big downside Iā€™m not seeing ? +Recently I've begun utilizing the Wheel strategy for Theta. A popular ticker for me has been BAC. + +I've opened three CSP's over the last two months: + +https://imgur.com/uPG7Zyl + +Great!, the first two closed within days for 50% credit and I opened the next trade in the list. However, this was not the case for the third trade. + +I ended up rolling the last trade to a $26 strike on the 7/31 exp collecting another $.25 in credit. Not bad, but still in the green! + +I did it again on 7/9 with an 8/21 exp for another $1.01 credit, excellent! + +https://imgur.com/LJiXbfV + +https://imgur.com/p9YF0It - $232 in Premium, not bad. + +I set up my usual 50% target for Buy-to-Close and monitored the trade. theta did its thing and it auto-bought at 50% on Friday. + +Feeling good, I logged my trade in my sheet and was immediately hit with reality... + +https://imgur.com/KH7CeDv + +https://imgur.com/gLYdTPE + +Closing at 50%, as per the common recommendation here and on Tasty Trade, actually resulted in an overall $7.87 loss. It could have been a lot worse obviously, but this was a great lesson in something I knew, but never really clicked. + +**Rolling is just closing a position for a loss and opening a new position for a higher premium. I pocketed $.25 and $1.01 on the assumption that the new option is open to expiration. Then, blindly setting up the 50% GTC as I normally do, meant I was not even going to break-even after the previously negative trades. I should have seen it and all of the math makes sense, but I overlooked this detail being new.** + +**Really I needed each roll to either buy-back at a lower premium (higher profit target) to at least break even or earn some profit, or run to expiration, get assigned the shares, and actually reaping some benefit from the premiums collected.** + +Live-and-learn, I've only been at this a few months, and on a $10,000 starting balance, I'm up 10% in 2 months. Nothing crazy, but for a newb in any kind of trading, I'm happy to be learning and making a little money. + +Thanks for reading. +They know theyā€™re fucked. We absolutely know theyā€™re fucked. Wasting your energy on anything else but buying and holding is irrelevant. (Not financial advise) + +Our time is now. + +šŸ¦+šŸ¦=šŸ’ŖšŸ¾ +The government said cleaners can go back to work. + +Someone mentioned to me they have told their cleaner to stay at home and carried on paying their cleaner during this period. Should we all be doing this if we can afford to? + +Do you think that it is right to expect your cleaner to return to work? Is having a cleaner a luxury? +as the title suggests what are you buying? What stocks are the biggest discount right now? Whats been on your list forever and you are ready to buy finally? + +For me this is what in buying SMH, U, PRLB, CRSP, PACB, BNGO, QQQJ. And ill be averaging down on Z, SQ, PYPL, ROKU. + +Open for some stocks yall recommend always looking to add more to my list. + +Bonus points if you actually explain why... + +Current positions- Z, ABNB, DIS, SQ, PYPL ROKU, all ARK etfs, PLTR, OPEN, SUBZ, BETZ, MGM. +I'm in a position to work remotely and I would like to buy a rural block and put a small home on it. My question is, is it difficult to get a loan for bare rural land? I would like a larger parcel around 100 acres (I grew up on a property of this size). How do you go about getting a loan to build on such a property when you haven't had soil test/ surveying done yet? Is it just hit and miss that you might get poor quality soil to build on and have to incur the cost? What other problems might you come up against when buying "larger" vacant properties as a primary residence? Also how do you go about increase your loan to allow for a dwelling when you haven't had the plans drawn up yet? + +I'll do a lot of the work myself and realise I'll have consider: solar ($24k - $32k), A small turnkey house can be had for around $100k-$150k. Then you have things like tanks, pressure pump, filtration, septic, footings, plumber and sparkies. + +What else might I need to be considering? +Long time lurker, first-time poster(?) As mentioned, I am finally trying to educate myself on investing & finance fundamentals so I can get free from the societal treadmill. + +Long story short, I grew up in a tumultuous, abusive domestic situation. Both my parents were terrible with their finances and made very detrimental choices. I eventually escaped and worked on unraveling all the negative conditioning about money. + +That said, I have no reference if my savings are good/bad nor do I have anyone to seek advice from. I just started reading some books/blogs to help build some financial acumen a few months ago. Getting the fundamentals down before I look to invest. (Although the markets seem to be heading to a tipping point?) Any advice/ thoughts are appreciated muchly. + +Edit: Still renting (sharing) in Sydney. Don't think I want to pay stupid money for the privilege of owning here. Rather be free to do other things with my money +As per title: Which stocks are you all holding that you donā€™t see discussed here every day? + +You donā€™t have to give any justifications or anything. Say as much or as little as you like, Iā€™m simply curious to chuck some of these deep cuts on a watchlist because anytime something moons tenfold thereā€™s always one guy who pipes up with ā€œYeah Iā€™ve been holding since October 2020, no big deal thoā€ + +Anyway I took a punt on COSOL (COS) today. they provide IT systems for various sectors: energy, defense, infrastructure. looked pretty steady thru a tumultuous September, hopefully theyā€™re going places because if not itā€™s gonna be McDonaldā€™s napkins for xmas dinner. +*HIGHLIGHTS* + +*ā€¢ Temee-1S exploration well completed ā€“ determined to be beyond Eastern limit of sub-basin ā€¢ Next well in the new \~30 well program is planned to be Cracker-1S in North-West of PSC* + +*ā€¢ Current seismic program already identifies possible new coal bearing sub-basin* + +*ā€¢ COVID outbreak in Mongolia being aggressively managed by the Government* + +TLDR: EXR found huge methane reserve again, and they are ahead of schedule. COVID cases on the rise with the government lockdown affecting one of its contractor drillers (resumed). + +30 wells, 14 dug, 16 incoming. 11 strike targets, and the last one has a 92% success rate. Technical is saying support at 36 cents, and we are unlikely to stay under 40 cents any longer when more investors do their own DD on EXR. I am expecting an institutional investor to jump in soon after EXR successfully raised $10 million (and oversubscribed). + +General outlook:EXR is gaining traction for its competent management, which managed to accelerate drilling programs ahead of schedule. Winter is over, summer is here and EXR must finish its year's work well before the blizzard kick in every year in October-January. Mongolia is the closest to China region we foreigners can invest in. The work is all at the China border, it is demilitarized and EXR will most likely be selling to China its gases (might be in China's political interests to buy over in fact, Neil Young has a history of selling companies), so I don't see any political forces stopping EXR. + +Context on COVID in Mongolia: 3 million population, 1200\~ infection a day, deaths >10. Vaccine rollout on the way with more than 700K (22%\~) vaccinated, lockdown completed on April 25th. This report came in only today so in short, not too worried about COVID and EXR's prospects. + +Disclosure: Held at $0.41Sentiment: Bullish, target SP $1.20 +Okay, just a quick chart in between work stuff and not much market structure information in the BRN chart for extensive technical analysis. In my opinion, that 50% percent level on the Fibbo is the most significant - on the way up it broke through the fiddy, retraced with initial sell-offs and then rocketed up for 122% potential gains (epic!). The pullback has been violent with big red sequential dillies especially back through that 50% mark. I'd be looking for a dead cat bouncer off the 0.435 then down to the 0.310 (if that doesn't hold then consolidation of support on 0.18 is expected). Probably not great news for BRN quick-flippers but if you're in for the long-haul these price mega-swings are part of the adventure. The good news is any positive future announcements should kick up the price considerably as there's minimal resistance to the $1 dollar mark. Anyway, not sure if that helps anyone particularly or presents life-changing revelations but there you go. I'd be waiting for BRN to establish a baseline and purchasing from there (I'm undecided on it yet - need to do more DD)\* + +&#x200B; + +Are you a HODLer, buyer or weeper? + +https://preview.redd.it/ty2oxb9bken51.png?width=1761&format=png&auto=webp&s=c374b8466ab4b4b8b7bb12b74b2ef4a6d53b7d68 + +\*Not financial advice, your money/your moves, do you own DD etc etc. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +As weā€™ve all seen in recent times fundamental analysis seems to have been thrown out the window for the time being. With the rapid rise of retarded retail investors and more speculative investors I would think that a market ā€œcrashā€ would be impending. I have no clue of how much it would or could crash but this momentum seems to be unsustainable. What are your opinions on an impending market crash i.e how bad? and how far away or just tell me Iā€™m fucking wrong and Iā€™ll go jerk my wifeā€™s bf +So yesterday I posted [this](https://www.reddit.com/r/ASX_Bets/comments/ncscpa/predicting_sp500_and_broader_stock_market/?utm_source=share&utm_medium=web2x&context=3) rushed and using my phone. It was clear a lot of you smooth brains mostly use the left side of your brain and don't really understand how linear charts works and how they arevisually skewed, especially when 2 instruments are displayed on the same scale. So I made a logarithmic version on my desktop this time. Here are the results: + +&#x200B; + +https://preview.redd.it/xyn0uqt1fdz61.png?width=1562&format=png&auto=webp&s=2eca6185827179c1de9392534363dd67fc6f301d + +What I done here was simple, I connected the peaks (black lines) of the S&P 500 (in pink) to the prior corresponding peak in the coin that shall not be named (in orange). I've even added vertical lines (in blue) to make the angles more visually clear. I added the yellow symbols for all the peaks that came at the same time or before in the S&P 500. This chart ***does not*** measure the magnitudes of the dips and the magnitudes ***do not*** correspond. + +The result is that by making a pullback first, the coin that shall not be named has predicted an upcoming dip in the broader stock market with 65% accuracy within 2-6 days. + +If you think this doesn't mean anything or its not important, let me tell ya daddy bear atayls would have a field day shorting the stock market with 65% accuracy. Do with that what you will. + +Edit: As u/MrAnachi pointed out I miscalculated the accuracy. Someone smarter than me please fix it. +Sources close to the embattled fuel cell truck manufacturer are reporting that founder Trevor Milton has resigned as Chairman of Nikola Motors (NASDAQ: NKLA) and has departed the company effective immediately. + +He will remain as one of the companyā€™s largest shareholders, but will not have a say in how the company is managed going forward. Sources tell FreightWaves that the decision was Miltonā€™s, in an effort to protect the company and his investment. Milton owns approximately 82 million shares or 20% of the company, worth about $2.8 billion dollars. + +Milton is the founder of Nikola Motors, creating a vision for a hydrogen powered trucking industry. His comments about the capabilities of Nikola and the hydrogen powered trucking network he planned to build have occasionally stretched beyond what is physically possible, leaving many detractors to highlight these statements as proof that the company is a scam. + +Others, including many in the industry and suppliers that partnered with the company, saw a firm with a grand vision and opportunity to make a major impact on the future of the transportation industry. If successful, Nikola could have a huge impact on the carbon footprint of one of the worldā€™s largest source of emissions. + +Before the company went public, few had heard of the company outside of the heavy-duty trucking industry. The company completed a reverse merger IPO or SPAC offering in June, which gave the company a valuation higher than Ford. The company has yet to mass produce a product and all of itā€™s revenue to date came from selling solar panel installation services to Milton. +I see too much faith in the system apes! Too many dates. Too much of a shift from believing in the BUY and HODL method to ā€œI hope Congress does this blah blah blah and they are finally gonna do something blah blah blah.ā€ Listen fellow primate, they have known this was going on for decades and have done nothing about it. You are setting yourself up for constant disappointment trusting in politicians. This is what the SHFā€™s are banking on. + +I have no faith in Congress and have not had any faith in them for a very very long time. Donā€™t get your hopes up for these assholes because most of what they say is empty words and empty promises, just like the previous hearings about this dumpster fire we call a ā€œfree marketā€. + +I know some donā€™t like to read so hereā€™s the point- šŸ’ŽRyan CohenšŸ’Ž. Like other posts have said, he has shares just like us and wants to protect his share holders, his company, and his customers. You think heā€™s not working and planning night and day to vaporize these SHF? PATIENCE young grasshopper. Been here since January. Patience is key just like BUY and HODL. He will make his move when the timing is perfect. A Chair Man is never late nor is he early, He arrives precisely when he means to. Trust our beloved company. Believe in the DD! BUY and HODL! I love the company, I love the stock. Not financial advice. Any ā€œWeā€ I have used in this post, is talking about the royal ā€œWeā€, as in individual share holders that love GameStop as a company. šŸ’ŽšŸ‘šŸ’ŽšŸ¦šŸš€ +Apes are one hell of a fascinating breed of investor huh? I saw a comment way back in the early days that made me lamayo, wish I could credit the user. It said ā€œBulls think a stock will go up, bears think a stock will go down, apes rip your face and balls offā€ + +True words those. The investing world will never be the same. Ungodly amounts of money spent to hire the supposedly most intelligent people in the world to create sophisticated algos meant to exploit human psychology. FUD campaigns designed by people who supposedly understand human nature better than anybody. They didnā€™t understand apes. Thatā€™s the black swan. +Ryan Cohen slowly approaches the microphone. + +He gazes out at the room. He says nothing for several long moments. + +He leans into the microphone, saying one syllable. + +"Ook." + +He pauses, then repeats it. He starts saying it faster and faster, making ape noises. + +The rest of the board joins in, gradually growing louder. + +Ryan Cohen beats his chest and lets out a savage cry. Everyone starts jumping around excitedly. Elon Musk is there. He throws a chair out the window and suddenly everyone's tits are jacked. + +The ooks and eeks are reaching a cacophonous climax as the entire board of directors and shareholders are jumping around on all fours tearing their cloths off. + +Just then DFV marches in with Kenny G. in a cage. Following behind them is the real Kenny G. playing "Fly Me to The Moon" on his alto sax. He's dressed like an astronaut. + +The shareholders descend on evil Kenny G and he is torn to shreds, gurgling out his final words "But the shorts are covered!" + +Ryan Cohen bellows "Can't stop! Won't stop!" + +And the crowd roars, covered in Ken's blood, "GAMESTOP!" + +The meeting concludes at 14 minutes 29 seconds. + +(Long time lurker, first time posting šŸ’ŽšŸ–šŸš€šŸš€) + +Edit: Thank you for all the love!! HODLšŸš€šŸš€šŸš€šŸš€šŸš€ +So for the third time today while dining in a deli, I had someone come to me, ask me where I work, and then tell me I'm the devil for working in the same industry that robs and steals from the poor. + +The entertaining bit that stuck with me: "You people strut around as if your cocks are 20 feet thick and 50 feet wide" (by which at that point I tried explaining the errors in this statement before she got miffed and left in a huff). + +So, since we are showoffs, robbers and stealers, and can't wait to brag about our accomplishments, let's brag. + +This thread is a brag-off - show off your best accomplishments, no matter how outlandish, and let's see what ironies, laughs, sadness and facts of life emerge. + +LET THE BRAG-OFF BEGIN! +How does this even work? Could Twitter just accept his offer and everyone who owns shares would just be forced to sell their shares at $54.20/share? Or could shareholders individually decide not to sell their share to Musk? + +EDIT: I do not own any shares of Twitter, I'm merely curious +The last post about this topic got removed by the mods, not sure why. Possibly I have used some wrong language, I will try to fix that with this post. In any case, this is important news for all AMC holders: + +AMC has issued almost all of their shares (they've got only 46,124 shares left). And they will NOT issue any additional shares in 2021, according to them. This is good news, as it can certainly help the stock price to move higher. + +They issued some shares today, and raised cash. For the company this is a good thing. They are well capitalized now. They asked for permission to issue 25 Million shares sometimes in 2022 - But we can talk about that when it is important, in 2022 their business could be a 110% again, and issuing new shares won't be necessary anymore. + +This is the important part of their statement: + +"As of today, in our efforts to best position AMC for a successful recovery from the pandemic, we have issued or reserved substantially all but 46,124 of the shares that were previously authorized. " + +Full statement:[https://investor.amctheatres.com/newsroom/news-details/2021/AMC-Entertainment-Holdings-Inc.-Files-Preliminary-Proxy-Statement-Voting-to-Begin-June-16-2021/default.aspx](https://investor.amctheatres.com/newsroom/news-details/2021/AMC-Entertainment-Holdings-Inc.-Files-Preliminary-Proxy-Statement-Voting-to-Begin-June-16-2021/default.aspx) +If your investing or plan on investing in the near future and your a young person with little or no bills to pay my advice would be to throw as much extra cash you have into your investment account. Say your 18/19 with a part time job (assuming your in school) GROW YOUR MONEY. I am 100% not saying gamble in stocks like GME, AMC, etc. but really invest your money in strong fundamentally stable stocks, or ETFā€™s if you want to play it more safe, because in the next 3, 4, 5 years of your life your not going to have that money to play with. Bills will eventually start to pile up so get started sooner then later! If you are this audience you really have an amazing opportunity that most people donā€™t have, you have the ability to a leg up over the next person in regards to your finances, and to jump start the growth of your money substantially. +The family of both myself and my wife are really struggling. It is one financial crisis after another for our parents, brothers and sisters. We are the only person in our extended families with any money. + +It is amazing how many serious financial issues can happen to our family that has greatly impacted our financial Independence. Here are some examples: + +1) Paying for a funeral and burial for a sister in law who was flat broke + +2) Bailing out a sister who had her car repossessed. + +3) Paying my parents $2000 electric bill after power was cut off after months of not paying. + +4) Working with the mortgage company to pay three months of missing payments days before the Sheriff was scheduled to evict them from their home of 40 years. + +5) Paying for a relatives attempt at Beauty School. + +6) Chipping in for a nice wedding for a sister. + +I could go on and on. They said we owed it to them because we were family and were so lucky to have good jobs. +Good Morning Apes + + +Wanted to share with you a really weird phone call I got from American Express yesterday. + + +Just to set the scene. My credit score is fantastic, I use my credit card to get miles and pay in full every month. I have never missed a payment, and this months utilisation of credit was about 4-5% of the overall credit limit. This certain card has "no pre set spending limit" but I know the approximate limit of where AMEX draws the line in the sand. + +I checked my credit file - nothing has changed. And nothing has changed in my financial life that would make any difference to my credit file. + + +When the statement arrived, as always it gives the full balance, payment due and the date due. The due date of this card was the 29th of August. + +&#x200B; + +https://preview.redd.it/3mmd800r6jf71.png?width=2024&format=png&auto=webp&s=60c60a61b09f368aec7d1e9e63cc96f452ee001a + +I got a call asking for "immediate payment" otherwise my card would be locked until at least the minimum payment is made. (This was not a scam, as always with AMEX and Banks I call back on the trusted number I have for them whenever they reach out to me for issues) + + +I asked why as I have until the 29th of August to pay - and they said that it was just algorithms change all the time depending on credit situations. I explained my credit has not changed and there is nothing in my file that would make me a risk to them. + + +The person on the phone didn't really know what was going on - but just said that computer says that I needed to pay in full immediately even though I have until the 29th of August to pay, and that was the end of the conversation. + +I just have a gut feeling that this might be AMEX trying to sure up good credit / collateral / cash from people they know have paid on time always, to ride a possible upcoming storm. I just found it really weird that with no marks against my name, and really good credit, AMEX needed full payment today. +https://www.interactivebrokers.com/en/index.php?key=Gme&cntry=usa&tag=&ib_entity=&ln=&asset=&f=4587&conf=am&amref=1 + +There were rumors yesterday on Twitter of someone being unable to short 65 shares and now GME is not on IBKR's list of shortable stocks. + +I don't know what exactly that means or if it's happened before, but it gets the people going. + +This is not financial advice, I have roughly 370 shares of gme and 12 July 15th $180 calls. If we see $200 this month I'll be completely debt free. +Senator Richard Shelby objected in order to gain 50 (b)illion more for military spending + +This is his DC Office number, blow it up peeps + +Telephone: (202) 224-5744 + +edit: BILLIONS, for my cronies in the MIC +I have 2,000 RSUs that are about to start vesting and Iā€™m not sure what to do, hold or sell. 500 vest in the first batch and then 125 every 3 months for the next three years. Thereā€™s also a chance I will get more equity with my performance review next year, not guaranteed but not off the table. + +I also buy stock through our ESPP and have one hundred shares right now. The company does a 2 year look back on pricing and offers a 15% discount on top of that. + +Additionally, I have $130k in a TSP (former fed employee), $50k in a Roth IRA and $9k in my employer 401k, they donā€™t match so I put in 9% (5% pre tax in the 401(k) and 4% after tax into a Roth 401(k)) and then 4% goes to the ESPP, 13% investing is about the max that I can swing right now. Lastly I have $20k emergency funds in savings. I try put between $200-$300 into my Roth IRA each month too. + +Company performance has been pretty solid for the past 8 quarters, weā€™ve hit or exceeded forecast, had good EPS and have performed quite well compared to peers. Our stock fluctuations have been in the single digits 6-9% swings on average. + +Debt is minimal, wife and I have a mortgage and thatā€™s it. Iā€™m 42, my current comp is $115k. + +We carry low balances on our credit cards and pay the monthly balances in full and have a few subscription memberships (gym, personal trainer, etc.) + +Wifeā€™s investments are managed separately since she owns a small business. + +Iā€™m really torn on what to do with these RSUs once they vest. + +FWIW Iā€™m not trying to time the market by any means. +Long story short, I (20F) got into an accident where I was at fault so Iā€™m left to fix my car. The estimates Iā€™ve gotten are all $1500 to $2000. A couple people have told me that the car is too old already and has lots of miles so I shouldnā€™t put the money into it and just give it back to the dealer. Wouldnā€™t that hurt my credit score though and wouldnā€™t the dealership still charge me for damaging the car? I have about $3000 but Iā€™m not sure if I should use it to fix my car that may quit in 2 years or just buy another car with the money and take the hit to my credit score? + +Edit- Car is financed not leased, sorry. I know very little about cars. +Roth vs pretax + +I work for local government and have a 75% pension coming in the next 15 years. I have the ability of putting up to 20k away each year in a 457(b) account. I recently found out from our retirement advisor that I can put it all into a Roth account (post tax). Can anyone think of a decent reason not to place it all in a Roth account? I donā€™t really need any tax savings up front we make less than 200k a year as a family. + +Side note. I dabble/play with a taxable account and put 200 a month into it. +Iā€™ve only seen people talk about how much you should have in your EF, but not where to put it. I know it should be somewhere fairly liquid for easy access. Right now I have mine in an online savings account with 2% interest. Is it smarter to have it somewhere else? +I'm 24, Just graduated college last year.. Have about 4k saved up. College made me broke. I just started a job paying 88k a year (43$/hour). I have a car payment of 500$/month (warranty for 5 years, so I'm good on any repairs or stuff going wrong). I work in Chicago so I'll have to move and pay rent in the city, which will be high. What would my budget look like for rent? What are some good allocation for $$$. I make paintings (art) and clothes on the side which brings in a couple bucks, but nothing major. Clothing is something I want to pursue as a business/side hustle thing. Any suggestions will be nice--feel lost in this expensive world. +So I am a new graduate and I have a job lined up and am going to be re-locating for the position. I am just a little worried that I wonā€™t be able to live conformably and will be living with a tight budget +Just wondering for anyone has any advice or insight that might help. + (This is on behalf of a friend who does not have karma enough to post here) +Long time lurker here šŸ“· Bought pre sneeze, kept buying and very eager to DRS. +Recently I created an outbound transfer request with Saxo Bank in order to transfer my gme shares to Interactive Brokers (and then from IBKR to Computershare) + + +I have had minor issues with Saxo Bank previously but this is far beyond what I expected. A few days after my request, I receive this email: + + +ā€œThe transfer of your portfolio has been cancelled Dear (Name) We regret to inform you that your portfolio transfer to Interactive Brokers Ireland Limited has been cancelled due to the fact that we were unable to deliver the specific instruments. Best regards Saxo Bankā€ + + +**I am asking you for help Superstonk** I am worried about my shares What can I do to get the shares transfered? All I want is to DRS! + + +TLDR: Saxo Bank does not have my shares and are apparently not willing to transfer the lies (Synthetic shares or w/e) to IBKR. + + +Original e-mail: + +&#x200B; + +[Original mail recieved from SaxoBank representative](https://preview.redd.it/6jx5sccscag91.jpg?width=946&format=pjpg&auto=webp&s=f1cb3f36ce86cc1f4c1267de22aa26abc8b77477) +This isn't so much a complaint as it is an observation. + +Pre-covid, I would find people on airtasker to clean my 2bed, 2 bath apt for about $120. It would take them between 2 and 3 hours. + +Now, I struggle to find anyone under 200 for the same task. + +In other words, I now clean my own house! I appreciate that's now what the market sets, but jeeeezus. + +I also must say that I appreciate how privileged I am to be able to afford to have had someone clean my house for me, but I work long hours to be able to afford it (or at least did). + +Anyone else find this? +Iā€™ve used numerous banks over the years and very few of them have allowed me to use strong passwords. Itā€™s likely theyā€™re using outdated and insecure methods of storing passwords and are possibly storing them in their ancient mainframes instead of using a dedicated authentication service built with internet-era tech. Some examples that come to mind: + +* ANZ: 8 to 16 alphanumeric characters +* Citibank: 8 to 16 alphanumeric characters +* Westpac: Maximum six alphanumeric characters +* ING: Four digits + +Which banks, credit unions, etc. allow you to use a strong password? + +Bonus question: Of those, which of them have two-factor authentication that uses TOTP/HOTP (e.g. Google Authenticator)? +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. +[Here's the story](http://news.yahoo.com/obama-announce-changes-student-loan-repayment-131450680--sector.html) + +[Here's a decent graph showing the situation](http://greatgameindia.com/wp-content/uploads/2014/08/College-Student-Loans-American-Dream-Indian-Students-Higher-Education-Bubble-Colonization-GreatGameIndia-F1-Visa.jpg) + +I made a comment a few days ago about the Goldman Sachs report on young people not having any money. This article is relevant for investors as well as students (probably a big part of the reddit investing subreddit) though because at over a trillion dollars, student loans have surpassed all other forms of consumer debt in the United States. + +On the one hand this might allow struggling students to unburden themselves of these massive debts and get on with their lives. +On the other I have no idea what this will do to the economy, the Federal government might have to take on a whole ton of bad loans again. + +There are about 85 billion in delinquent student loan payments but this is just missed payments, not the total value of the bad loans to this point. +Changing it up a bit from the traditional "investment" discussion. What is everyone donating to? What do you wish you were donating to? What's stopping you from donating? + +Mods can remove this if viewed as off topic. +My wife runs a business that was ordered closed by our state due to the coronavirus, 2 weeks ago, around 40 employees. Our closure happened before the stimulus program existed, so the employees all filed for unemployment. We do not have receivables and we split up the remaining money in the business account to give to the employees so they got an "extra check" before we closed. There's about enough left to pay the credit card processing fees, and on April 1, there will be bills to pay. + +We own the real estate, and are able to defer mortgage payments for 3 months and the lenders will put the balance at the end of the loan / reamortize. I am currently working, but will likely be taking a paycut (specialist doctor - volume is about half of normal right now). + +For months 1-3, to maintain employee health benefits, utilities, insurance, etc.... we are looking at around $10,000 / month. + +For months 4-12, to maintain employee health benefits, utilities, insurance, and pay the mortgages, we are looking at around $20,000 / month. + +6 months of this would cost $90,000, 12 months would cost $210,000. We have noone else to talk to about this. Our household net worth is in the $3-4M range, depending on real estate values. I have $300,000 in cash and our personal expenses are not very much, we are not big spenders. My wife wants to help her employees, many of which have been with her for 10+ years. + +EDIT: As an update, our bank emailed, and the Paycheck Protection Program in the stimulus bill, allows companies that were paying payroll though February 15th to apply, and we should be eligible. So things are looking less bad. +I found a couple of properties I feel confident about buying and using as rentals. I have my downpayment ready, along with some extra for closing costs. However Iā€™m having trouble finding a mortgage lender willing to lend for anything under $75k value. The property is located in upstate NY. Does anyone know of any lenders I could try? + +I was also thinking of taking out a personal loan for $40k and purchasing the property that way? What do you guys think of that? +I share a college house with three other roommates. Our landlord is very irresponsible and hasn't been by to collect rent in six months. We were finally able to contact him about our missing rent; he had no idea we were missing rent and told us we were up to date. Since then our housing company has been bought out and we have new landlords, who also don't think we owe any rent. I have six months of rent set to the side, we move out in a month, and my roommates think we might be able to just keep it. What should I do in this situation? +I am a newbie investor (30 years old). Started investing in mid September 2021 and I was quite happy in the first couple of months as I had made about 4-5% profit. However, as of today, I am looking at a 5.5% lossā€¦ + +My plan is to invest half of my monthly savings and the other half put them in a high-yield savings account. Being in tech myself and having seen my 401K making more than 20% year by year since 2019, I started with Robinhood and bought some strong tech stocks (Apple, Amazon, google, Microsoft). Then I made the mistake of over-diversifying and buying some speculate stocks and ETFs (ARK, snowflake, etc.). + +Long story short: I realized this is not a viable strategy for long term wealth and decided to invest future allocations in indices and more reliable ETFs (SPY, QQQ, VTI, VOO, SCHD, SPHD). As of today, I would say my portfolio consists of about 20% VTI, VOO, SPY, and QQQ. Another 25% is AMAZON, Apple, Google, and MS. About 25% is speculative/hyped ETFs and stocks, which I bought either because of past good performance or because of potential (e.g., ARKF, ARKW, CLOU, CIBR, FINX, SNAP, SE, SEV, RIVN, UPST, LCID, CVNA, FUBO). About 15% are ETFs and stocks that I consider ā€œsafeā€ in the long run (e.g., BRK, DRGO, SCHD, SPHD, EXP), 7% sector specific ETFs (SMH, VGT, IGV), and 3% crypto (BTC and ETH). + +From now on, I plan to stop buying individual stocks and speculative stuff and continue investing in VTI, SPY, QQQ and maybe ETFs that I consider reliable (e.g., SCHD, SPHD, VGT, SMH). + +My question is: should I sell the speculative part of my portfolio (which has taken a big hit over the past month or so), accept the losses, but get some capital to invest in VTI, SPY, and QQQ or forget about it and simply continue investing in the way I mentioned above, since the speculative part of the portfolio will become smaller and smaller? + +I have to say that seeing a 5.5% loss does bother meā€¦ + +Any advice will be much appreciated. +Itā€™s that time of year when we often give Christmas bonuses to our hired help - nannies, housekeepers, etc. This year we are also having some construction work done on our house and the workers will be there Dec 23. Iā€™m curious to hear from others with household help. What do you typically give as a Christmas bonus? Do you do a flat amount, a percentage of the job, one monthā€™s extra? + +We are particularly thinking of the contractor who is doing a $17k job on the furnace/AC/ducting. They have a three man team and Iā€™m trying to figure out an appropriate amount as a Christmas bonus. + +Edit: Thanks for the suggestions! We decided to give them $200 per worker, since itā€™s a one off contract. +FINAL EDIT: read [this comment thread](https://www.reddit.com/r/Superstonk/comments/o0qhh5/if_your_email_appears_in_the_sec_005_filing_and/h1y02s4/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf&amp;context=3). It concludes the debate. + +Thank you u/Orzechy1 for being constructive in the debate + + +ORIGINAL POST: + + +There is a 115 page document of the filing kicking about, where at the end several emails are listed and some appear to state they reside in European countries. + +GDPR applies to the US (as they are handling data of someone in Europe) and if you are an Euroape, you should report the GDPR breach to the EDPS (European Data Protection Supervisor) + + + +Link to EDPS: https://edps.europa.eu/data-protection/our-role-supervisor/complaints_en + +EDIT: Not sure if the SEC or DTCC are in breach, either way there is a breach and you should report it! + +EDIT2: [specific information for US companies and GDPR ](https://gdpr.eu/compliance-checklist-us-companies/) + +EDIT3: [DTCC GDPR Terms from their (the DTCC) website](https://www.dtcc.com/-/media/Files/Downloads/terms/DTCC-GDPR-Amendment.pdf) + +EDIT4: for people saying an email is not personal data, and saying I donā€™t know about GDPR, you are wrong. + +https://ec.europa.eu/info/law/law-topic/data-protection/reform/what-personal-data_en#examples-of-personal-data + +EDIT: key distinction for emails is that if it is (for example) name.surname@company.com then it is personal data and falls under GDPR. Alternatively if Itā€™s info@company.com (I guess like when you have that support emails or no reply emails) then itā€™s not. + +Question: could argue that even if you donā€™t use your name.surname that your email handle could still be personal data if itā€™s similar or equal to other handles you use elsewhere? I ask and think it is, because the EC (European commission) purposely was broad in their view of what personal data. +Segwit2X was never going to happen, this is a planned market manipulation and we've seen this type of thing happen before, albeit on a smaller scale. + +The team behind Segwit2x and heavy supporters of BCH have basically played every single weak handed 'hodler' in Bitcoin. After BTC rose to new highs after the cancellation of the hard fork, these people took their profits and used them to pump Bitcoin Cash. They'll do the same thing with Bitcoin Cash when everyone floods in due to FOMO, and then they'll put their money back in the dipping BTC and make a HUGE profit. + +Lets look at an argument made heavily on the bitcoin cash sub. They claim that Bitcoin Cash will actually replace BTC and take over its name, effectively becoming the new bitcoin. For this to happen, each exchange would have to unanimously agree on what the 'real bitcoin' is and the first exchange to switch their definition of bitcoin to BCH would be at least HALVING their customer base/trade volume instantly. I say halving conservatively since I'd say a lot more than half of the crypto community are team bitcoin not team bitcoin cash. What business in the right mind would essentially fuck themselves by doing that? + +Luckily they won't need to worry about such things since increasing the block size DOES NOT scale long term. The flippening will not happen. I'd be interested to hear any differing opinions. I think the miners who want BCH to be the real deal are underestimating that increasing the block size to 8MB will not prevent the dramatic slowing of mining once the mining space is oversaturated, like we've seen from BTC. + +Open to any counterarguments, let me know what your thoughts are. + +EDIT: aaaaaaand here's the dump. + +EDIT 2: Changed BCH to BTC last paragraph sorry for confusion. +I just woke up and read the amazing and titty jacking DD by u/thabat + +[https://www.reddit.com/r/Superstonk/comments/pmj9yk/i\_found\_the\_entire\_naked\_shorting\_game\_plan/](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) + +One thing spoke to me - the different data being given to users by Yahoo Finance depending on your IP Address / Geo Location. + +I have a theory. + +The EU & European regulators are notoriously heavy handed with their fines against big companies that fuck with the rules and fuck with EU Citizens. + +There are countless instances of them fining huge American companies hundreds of millions, sometimes billion of Euros / dollars for dodgy practices. + +Examples like + +[Fining Facebook 110M EUR for providing misleading information](https://ec.europa.eu/commission/presscorner/detail/pl/IP_17_1369) + +[Google Anti Trust - 2.7 billion](https://www.cnbc.com/2017/06/27/eu-hits-google-with-a-record-antitrust-fine-of-2-point-7-billion.html) + +[Google Advertising Fine - 1.7 Billion](https://www.cnbc.com/2019/03/20/eu-vestager-hits-google-with-fine-for.html) + +[Apple won - but almost got fined 13 billion](https://www.cityam.com/apple-wins-appeal-against-eus-e13bn-irish-tax-fine/) + +[Microsoft 561 million euro fine](https://ec.europa.eu/commission/presscorner/detail/en/IP_13_196) + +It goes on, and on, and on. If you type into Google "EU fine (insert major company name) - you will see that almost every big tech company in the US has been fined hundreds of millions if not billions of Euro's for dodgy behaviour across their businesses - doesn't matter if that is finance, advertising, privacy, the EU fines them. + + +Put that into contrast to the United States - where we know for a fact that there is no punishment for bad behaviour. Whether it is anti competitive tactics, privacy breaches etc. - no one ever gets fined in the US anything substantial. + +**I think Yahoo doesn't want to risk the fines. If the EU found out they were giving fake data to EU Investors, and purposely hiding information - I bet you a GME Share they would come down on them like a ton of bricks and spank them with a billion Euro fine.** + +I have no proof of this, but I have dealt with the EU and companies in the EU before - and I just know that companies tread WAY more carefully over that side of the pond than the US. + +Yahoo doesn't want to risk billions of dollars in fines just to help cover the fuck up by the hedgies. I dare say the data is a leak - but they don't want to hide it from the EU, but hide it from the US website because they know there are no punishments in the US. +I would consider myself a very moral person, I invest but I'd still rather money go to the average person than a corporation. Like if a large company i have money in gets slapped with a deserved fine or lawsuit im happy even though I will lose money + +I could never invest in tobacco, oil, defence, MLM stocks like herbalife, diamond mines, huge shady banks like goldman, or just morally abhorrent companies like nestle and Monsanto + +I know you could make the argument that every company is actually morally abhorrent because they exist solely to make money and I'd agree with you, but in a late capitalist world where the wealth gap is higher than ever and social climbing is at the lowest it has ever been you have to make bread in some way or another + +I absolutely loathe war profiteers, I loathe tobacco companies because my grandad died of lung cancer, I loathe mlm stocks because they trap average working people in debt, I loathe diamond mines for creating artificial scarcity and for hiring mercanries to murder striking diamond workers. So why would I give my money to any of them and contribute to helping them reach their goals? How would it be moral to profit off these bloodsucking leeches? + +I know wallstreet is sociopath/psychopath central, I mean they collapsed the global economy in 2008 because they were making so much money fucking over the average person but I really hate that attitude that you should leave morals at the door when investing. With that attitude these companies will continue to exploit and hurt people, "someone has to profit why not it be you?" why does anyone need to profit off it? I have seen a few comments on reddit saying that they would invest in a company even if it used slavery which I find sickening + +Does anyone else not invest in certain companies/industries out of their moral beliefs or do you leave morals at the door? +Does anyone know of good python time series libraries? R is generally good for supporting solid time series packages, but Iā€™d like to avoid algotrading in R, does anyone know of python time series libraries you guys are using if you are making use of time series in your strategies? +So, I saw an interesting post in here recently where someone mentioned two classes of algorithms that one should look into: mean reversion models and statistical arbitrage. + +Makes me wonder. Are there more? + +I'm not looking for a list of technical indicators but rather general methods to look into. Which class of trading algorithms to you prefer? What works best for you? Let's hear it :) +Good Morning Apes! + +Here we are primed for yet another day of fun in the sun, Market Action. Possible passing of SR-NSCC-2021-801 today could be a catalyst. This essentially states if they deem member positions are to risky they can margin call them immediately, also changes reporting of these positions from a monthly to daily time frame. So that's nice. + +We had a bit of a dip yesterday which presented few fantastic buying opportunities, as more apes panic bought. I still expect the floor of the stock to be 157 it should take more than a small concentrated effort to get us trading below that. + +If you want to find out what VWAP means check out the stream on [YouTube](https://www.youtube.com/c/PickleFinancial) + +And for our live audio feed you check out the [Discord](https://discord.gg/HbqnUVsSrH) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, **150**, 152.5, 156.5, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, **200**, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# Post-Market Analysis + +Closing stats for the day. + +https://preview.redd.it/326gh4clt5x61.png?width=802&format=png&auto=webp&s=266a4f4a7f2c9880c450d7dfe42e65ce02215be0 + +We went down, we went back up volume was exceedingly low. Sorry for those of you that missed out during the reddit crash I assure you I was trying to update for a while but couldn't get through to the page. Please bookmark the YouTube and Discord for future outages. Thank you all again for the support and I will see you bright and early tomorrow. + +Gherkinit, + +Edit 13 3:38 + +Absolutely sideways again but with a nice cushion on resistance + +https://preview.redd.it/03xd8wqfp5x61.png?width=927&format=png&auto=webp&s=c2fb824baea7198a107420dd6676b5199fd7aa4e + +Edit 12 2:47 + +And we are back...I hope. $2 dollar upwards price move as apes panic bought due to comms being down? Still no volume but we are clear of the 157 support and trending towards 162.5. + +https://preview.redd.it/36vbttykg5x61.png?width=1127&format=png&auto=webp&s=b5c887cdf70ef139bb1c215afecf26a9c4b7083f + +Edit 11 1:43 + +Small buy-in shot us up above VWAP and back above that 157 resistance. Looks like we can hold above 157 for now. Maybe a re-test soon. + +https://preview.redd.it/f9yk81ft45x61.png?width=921&format=png&auto=webp&s=7eab77171dd3c631da3711281759b3dc18c84ca4 + +Edit 10 1:17 + +Talk about flat + +https://preview.redd.it/oj9h7kc805x61.png?width=987&format=png&auto=webp&s=9be35916686a89839460269696f9c06273bd9e80 + +Edit 9 12:32 + +Moving up to re-test VWAP. I am hearing in chat that TD is listing GME as hard to borrow, and Schwab is not allowing market orders. Take this with a grain of salt but it is an interesting development. + +https://preview.redd.it/1f826zs6s4x61.png?width=807&format=png&auto=webp&s=31c24e4652c551807ef9071cfd23531ef69971e5 + +Edit 8 11:51 + +Volume has completely dried up we are trending down but I expect it can drift back up soon + +https://preview.redd.it/d6sxfe0wk4x61.png?width=823&format=png&auto=webp&s=b9b8e90e01ca80b6e106f1be58cd22fefe413061 + +Edit 7 11:15 + +Nice little intraday bull pennant might break up but volume really died off. + +https://preview.redd.it/ti01kclee4x61.png?width=1283&format=png&auto=webp&s=727b1285b0700309b807ea05668ee32c97b9aa6a + +Edit 6 10:47 + +Chopping above resistance @ 157 + +https://preview.redd.it/bgxydx9k94x61.png?width=1109&format=png&auto=webp&s=3a53bf6a771f635d9359eba88853e5dff225e576 + +Edit 5 10:20 + +Looks like we are winning the battle at 157. As long as the market keeps going up I expect we will as well. + +https://preview.redd.it/nslslrge44x61.png?width=1091&format=png&auto=webp&s=a61a90089be4c7b862a5c772b46627b452cc5545 + +Edit 4 10:03 + +Coming down more I think this is an effect of the market pressure the SPY is down $5 already and looking weak. Nice fire sale if we continue down. + +https://preview.redd.it/07bkx0nm14x61.png?width=1234&format=png&auto=webp&s=aa5bcd7e1e770ed9dde5cfe6d17494b7aab06f53 + +Edit 3 9:55 + +Descending channel. I'm looking for this to break up as short side fights for 157 resistance. + +https://preview.redd.it/gfgx82t804x61.png?width=1059&format=png&auto=webp&s=70de372ce41c0fffdfe55b1d167121a06ec0ca31 + +Edit 2 9:39 + +Bounce? Look at that buy wall 157 is the floor. + +https://preview.redd.it/u34t9x0dx3x61.png?width=1297&format=png&auto=webp&s=19c71a0bb7f9037cff61d869cf8801ede559a1c7 + +Edit 1 9:35 + +250k volume in the first 5, 750k shares available to borrow, and looks like we are testing 157 + +&#x200B; + +https://preview.redd.it/mifj4oeow3x61.png?width=751&format=png&auto=webp&s=4995fe6b713fdee7d322ed0f74f4c6a7af5940d3 + +# Pre-market Analysis + +Pre-Edit 1 + +Looks like VWAP gapped down as we traded on low volume between 160-166. + +https://preview.redd.it/ku91235sk3x61.png?width=1398&format=png&auto=webp&s=307ef00c70c574fd4377aba9361469df6a74518a + +Here is CV VWAP for this morning there was some arbitrage on the dip yesterday but still sitting in the neutral band + +https://preview.redd.it/ghsu93y1l3x61.png?width=890&format=png&auto=webp&s=0ebdc94a94bcd42f4d67de8430be02ce1b5bb1e8 + +*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +Good Saturday afternoon to all of you here on r/StockMarket! I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead. :) + +Here is everything you need to know to get you ready for the trading week beginning January 10th, 2022. + +# **Inflation, rising rates and the Federal Reserve could whip stocks around in the week ahead - [(Source)](https://www.cnbc.com/2022/01/07/inflation-rising-rates-and-the-federal-reserve-could-whip-stocks-around-in-the-week-ahead.html)** +***** +> The bond market could again set the course for the week ahead, after rapidly rising interest rates gave stocks a choppy start to the new year. +***** +> In the coming week, key inflation reports are expected, and Federal Reserve Chairman Jerome Powell is slated to testify Tuesday at his nomination hearing before a Senate panel, while the hearing on Fed Governor Lael Brainardā€™s nomination to the post of vice chair is set for Thursday. +***** +> The week also marks the start of the fourth-quarter earnings period with reports from major banks JPMorgan Chase, Citigroup and Wells Fargo on Friday. +***** +> ā€œInflation and the Fed continue to be the theme next week, but I do think weā€™re looking forward to have some earnings results to sink our teeth into,ā€ said Leo Grohowski, chief investment officer of BNY Mellon Wealth Management. ā€œWe do think itā€™s going to be a good quarter and a good year for earnings, which is why weā€™re generally upbeat on the prospect for earnings.ā€ +***** +> Grohowski said the markets will focus predominantly on the Powell and Brainard hearings, the consumer price index on Wednesday and the producer price index the next day. +***** +> ā€œI think itā€™s unrealistic to assume the earnings become the page-one story, and the Fed monetary policy becomes the page-two story,ā€ he said. +***** +> Stocks had a rough first week to 2022, as bond yields rose on both high expectations for Fed interest rate hikes and the view that the omicron variant of Covid is heading for a peak in a matter of weeks. Yields move higher when bonds sell off. +***** +> Tech was particularly hard hit, with the Nasdaq Composite down 4.5% for the week, while the Dow was barely negative, down just 0.3%. The Technology Select Sector SPDR Fund was off 4.6% as of Friday afternoon. But banks moved higher on the prospect that rising interest rates would help earnings. The Financial Select Sector SPDR Fund was up 5.4% for the week. +***** +> The S&P 500 ended the week at 4677, down 1.9%. +***** +> ā€œThis week was a wake-up call for what weā€™re going to be dealing with for 2022,ā€ said Grohowski. ā€œLower returns and more risk. Welcome to the new year.ā€ +***** +> Yields rose rapidly across the curve, but the dramatic move of the benchmark 10-year was particularly rattling for investors. The 10-year, which influences mortgages and other loans, rose from 1.51% in the final hour of 2021 trading to as high as 1.80% Friday. +***** +> That makes it the second-biggest move in the yield for the first week of the year in 20 years, according to Wells Fargo. +***** +> ā€œItā€™s more dramatic than what we anticipated and the Fedā€™s pivot to a more hawkish stance has been the surprise,ā€ said Grohowski. ā€œMost market participants expected higher rates, less accommodative monetary policy, but when you look at the fed funds implying a 90% chance of a hike in March, on New Yearā€™s Eve that was just 63%. Thereā€™s been a pretty dramatic change in tone picked up in the Fed minutes this week and markets are adjusting to that.ā€ +***** +> Powellā€™s hearing on Tuesday will be a highlight of the coming week, not because he is expected to make news, but because he is likely to echo the tone of the Fed minutes, released this past Wednesday. +***** +> The central bank revealed in those minutes that officials are also discussing when to start shrinking its nearly $9 trillion balance sheet. The Fed has already forecast tightening policy with three quarter-point interest rate hikes this year, and downsizing its bond holdings would tighten it even further. +***** +> Bond investors also reacted to the disappointing December jobs report Friday by sending interest rates higher. There were just 199,000 jobs created last month, less than half of what was expected. But the unemployment rate fell more than expected, to 3.9% from 4.2%. Average hourly wages rose by 0.6%, or 4.7% year over year. +***** +> Economists blamed the weaker report in part on a lack of workers to fill jobs, but the Fed is expected to move to hike interest rates regardless. +***** +> ā€œThis is the Fed saying weā€™re at full employment. There is still a gap, but the wage surge was much more than anyone expected and heavily concentrated in low-wage jobs,ā€ said Diane Swonk, chief economist at Grant Thornton. ā€œWeā€™re about 3.5 million shy of the previous peak, and the labor market is behaving as if weā€™re beyond full employment.ā€ +***** +> Inflation will stay front and center with the CPI and PPI reports. Economists expect another hot month for both readings, though some economists believe inflation is close to its peak. Novemberā€™s headline CPI of 6.8% was the highest since 1982. +***** +> Stock investors will also continue to watch yields. Tech and growth stocks are the most sensitive to rising rates because investors pay for the promise of future earnings. Higher rates mean the cost of money increases and that changes the calculus on their investments. +***** +> Grohowski expects the 10-year yield to reach 2.25% by the end of the year, though it has been moving faster than expected. ā€œGetting there sooner causes more pain ... in those longer duration equity sectors, like tech and the Nasdaq,ā€ he said. ā€œI do think that yields settle down and that tech comes back. I think weā€™re going to see really good earnings this year. Tech continues to be a beneficiary.ā€ +***** +> Grohowski said the market could see a 10% decline in 2022, but he doubts that slump will happen in the near term because there is so much cash waiting to come into the market. +***** +> ā€œI think this dry powder will be put to work. I think weā€™re off to a kind of rough start and a reset,ā€ he said. ā€œI think ultimately this reset of expectations is going to be a healthy one. I do think market participants are getting a very early in the year wake-up call after the high returns and low volatility of last year and a doubling of the market in three years. [But] itā€™s going to be much rougher sledding in the next 12 to 18 months.ā€ +***** +> There are also three big Treasury auctions in the coming week, with the $52 billion 3-year note auction Tuesday, $36 billion in 10-year bonds Wednesday, and $22 billion in 30-year bonds Thursday. +***** +> The 10-year popped as high as 1.80% Friday, but could easily return to that level in the coming week. That puts it just above the 2021 high. +***** +> ā€œIn and around those levels, the market will try to find some short term support,ā€ said Greg Faranello, head of U.S. rates at AmeriVet Securities. He added that the auction could be an event that helps cap the yield move for now. + +***** + +# **This past week saw the following moves in the S&P:** +###### **([CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!](https://i.imgur.com/Vw1fKEv.png))** + +# **S&P Sectors for this past week:** +###### **([CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!](https://i.imgur.com/sDU81Xv.png))** + +# **Major Indices for this past week:** +###### **([CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!](https://i.imgur.com/vPA1qoo.png))** + +# **Major Futures Markets as of Friday's close:** +###### **([CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!](https://i.imgur.com/Nt26kGZ.png))** + +# **Economic Calendar for the Week Ahead:** +###### **([CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!](https://i.imgur.com/gDZiArY.png))** + +# **Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/i5wEmPo.png))** + +# **S&P Sectors for the Past Week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/86t4iVg.png))** + +# **Major Indices Pullback/Correction Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/mvLdJ9Y.png))** + +# **Major Indices Rally Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/lRLkFsc.png))** + +# **Most Anticipated Earnings Releases for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/A3JLkrA.jpg))** + +# **Here are the upcoming IPO's for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/Puccq7U.png))** + +# **Friday's Stock Analyst Upgrades & Downgrades:** +###### **([CLICK HERE FOR THE CHART LINK #1!](https://i.imgur.com/DdkUq8g.png))** +###### **([CLICK HERE FOR THE CHART LINK #2!](https://i.imgur.com/qD0wu1c.png))** +###### **([CLICK HERE FOR THE CHART LINK #3!](https://i.imgur.com/NoQ0noV.png))** +###### **([CLICK HERE FOR THE CHART LINK #4!](https://i.imgur.com/QaRXjwJ.png))** +###### **([CLICK HERE FOR THE CHART LINK #5!](https://i.imgur.com/geDLvzb.png))** + +***** + +> # Yale Hirschā€™s Santa Claus Rally & January Barometer, Trifecta 2 out of 3 Ainā€™t Bad + +> My father Yale Hirsch invented both of these well-known seasonal indicators in 1972 and published them in the 1973 Stock Traderā€™s Almanacas you can see in the picture above on pages 11 and 111. He passed away late last year at the ripe old age of 98. Not only was he the illustrious founder of the Stock Traderā€™s Almanac, but he left me and everybody on the planet a rich legacy of seasonal patterns, strategies and indicators. Many of which he discovered, invented or devised. He also brought others to light with clarity and always full credit of course. And most importantly, from the first Almanacin 1968 Yale taught us all how to think differently about the markets and recurring market patterns. Thanks to him we have a plethora of tools in our analytical and statistical arsenal. + +> To quote the great Sir Isaac Newton, ā€œIf I have seen further, it is by standing upon the shoulders of giants.ā€ We proudly stood on Yaleā€™s giant shoulders when we created our ā€œJanuary Indicator Trifectaā€ back in January 2013. Which brings us to the present. + +> Combining our three January indicators, the Santa Claus Rally (SCR), First Five Days (FFD) and January Barometer (JB), into the ā€œJanuary Trifectaā€ has proven to be an especially reliable gauge for future market performance. When all three are positive, as was the case in 2019, the next eleven months have been up 87.1% of the time with an average gain of 12.3% and the full year advanced 90.3% of the time with an average S&P 500 gain of 17.5%. The worst full-year decline in a year with a positive January Trifecta was 13.1% by S&P 500 in 1966. + +> With less than two hours left in the First Five Days, S&P 500 will need to gain more than 70.13 points (1.49%) by the close to keep the bullish January Indicator Trifecta alive in 2022. Since the odds of that happening are slim at this juncture that leaves three possible scenarios for our ā€œJanuary Indicator Trifecta:ā€ SCR up and both FFD and JB down (8 occurrences since 1950 with last 11 months up 2/down 6, average -5.8%, full year up 1/down 7 average -9.4%); SCR up, FFD up and JB down (12 occurrences since 1950 with last 11 months up 10/down 2, average 9.9%, full year up 9/down 3 average 6.0%); or SCR up, FFD down and JB up (6 occurrences since 1950 with last 11 months up 5/down 1, average 9.7%, full year up 5/down 1 average 11.8%). So, two out of three ainā€™t bad. (See the tables below.) + +> Wednesdayā€™s market decline was triggered by a much more hawkish Fed perception following the release of last monthā€™s FOMC Meeting minutes. A more aggressive removal of Fed liquidity could aid in pulling back inflation and it could pressure stocks as bond yields rise. We will withhold final judgement until the final results of the January Barometer arrive. Our base case scenario from our 2022 Annual Forecast is still our pick at this juncture. + +> As the opening of the New Year, January is host to many important events, indicators and recurring market patterns. U.S. Presidents are inaugurated and usually present State of the Union Addresses. New Congresses convene. Financial analysts release annual forecasts. Residents of earth return to work and school en masse after holiday celebrations. On Januaryā€™s second trading day, the results of the official Santa Claus Rally are known and on the fifth trading day the First Five Days ā€œEarly Warningā€ system sounds off, but it is the whole-month gain or loss of the S&P 500 that triggers our January Barometer. + +> As defined in the Stock Traderā€™s Almanac, the Santa Claus Rally (SCR) is the propensity for the S&P 500 to rally the last five trading days of December and the first two of January an average of 1.3% since 1950. The lack of a rally can be a preliminary indicator of tough times to come. This was certainly the case in 2008 and 2000. A 4.0% decline in 2000 foreshadowed the bursting of the tech bubble and a 2.5% loss in 2008 preceded the second worst bear market in history. + +> The January Barometer (JB) has registered 12 major errors since 1950 for an 83.3% accuracy ratio. Including the eight flat years yields a .722 batting average. Over the years there has been much debate regarding the efficacy of our January Barometer. + +> ###### **([CLICK HERE FOR THE CHART!](https://64.media.tumblr.com/b8f93f60fe5cf29b17c5339e7751ea96/f382de5b7397e50b-a3/s500x750/5820cb6ed4e55c135c4f2d016b1ae521c085380e.jpg))** + +***** + +> # January Almanac: Typical January Weaker Last 21 Years + +> ###### **([CLICK HERE FOR THE CHART!](https://64.media.tumblr.com/0db7be701e8b12ea99121a7d8ee4058c/472f14a607c3f433-51/s500x750/3f1ad549d35e5c06e7ff3855881152a43e468520.jpg))** + +> January has quite a reputation on Wall Street as an influx of cash from yearend bonuses and annual allocations has historically propelled stocks higher. January ranks #1 for NASDAQ (since 1971), but fifth on the S&P 500 and DJIA since 1950. January is the last month of the best three-month span and holds a full docket of indicators and seasonalities. + +> DJIA and S&P rankings did slip from 2000 to 2016 as both indices suffered losses in ten of those seventeen Januarys with three in a row, 2008, 2009 and 2010 and then again in 2014 to 2016. January 2009 has the dubious honor of being the worst January on record for DJIA (-8.8%) and S&P 500 (-8.6%) since 1901 and 1931 respectively. The early stages of the Covid-19 pandemic spoiled January in 2020 & 2021 as DJIA, S&P 500, Russell 1000 and Russell 2000 all suffered declines in 2020. In 2021, DJIA, S&P 500 and Russell 1000 declined. + +> As you can see in the chart above of the Typical January Performance over the last 21 years diverging market performance across the major indexes like we saw today is not unusual behavior during January in recent years. Since 2001, the S&P 500, DJIA, Russell 1000 and Russell 2000 have all declined eleven times in twenty-one years in January. DJIA and S&P have posted minor average losses while R1K and R2K have posted fractional gains. + +> Over the last 21 years, only NASDAQ has posted a full-month average gain of 1.0% up 12 of 21. All started January positive, only to surrender early-month gains by the end of the month. Weakness has historically accelerated just after mid-month, around the eleventh trading day. + +> In midterm years, January ranks near the bottom since 1950. Large-caps have been the worst with S&P 500 ranking #10 (third worst) with DJIA and Russell 1000 ranking #9. Technology and small-cap shares fare slightly better in the rankings, but small-cap average performance is still negative and NASDAQ is only barely positive. + +> On pages 112 and 114 of the Stock Traderā€™s Almanac 2022 we illustrate that the January Effect, where small caps begin to outperform large caps, actually tends to start in mid-December. Early signs of the January Effect can be seen when comparing iShares Russell 2000 (IWM) to SPDR S&P 500 (SPY) since around December 15. Historically, the majority of small-cap outperformance is normally done by mid-February, but strength can last until mid-May when indices typically reach a seasonal high. + +> ###### **([CLICK HERE FOR THE CHART!](https://64.media.tumblr.com/264d17cd704aa1ed514e351b39b3555c/472f14a607c3f433-f3/s400x600/90e55babc982062d337de902346311e86e1b9353.jpg))** + +***** + +> # ARK Innovation (ARKK) Now Underperforming QQQ Since the Pre-COVID Peak + +> After further declines to start 2022, the ARK Innovation ETF (ARKK) is now up just 47.3% since the pre-COVID peak for the US equity market on 2/19/20 and is now only beating the S&P 500 by 6.66 percentage points since the pre-COVID high. Not only that, but it's also underperforming the Nasdaq 100 (QQQ) by 17.9 percentage points. + +> ARKK was the envy of the industry in the year or so after the pandemic hit. Fund assets for the ARKK ETF went from $2.4 billion prior to COVID up to $28.5 billion at its peak last February. At its high, ARKK was absolutely crushing both SPY and QQQ. On 2/12/21, ARKK was outperforming SPY by 143 percentage points since the 2/19/20 pre-COVID peak for the stock market and beating the more tech-heavy Nasdaq 100 by 117 percentage points. Since its peak, ARKK has dropped more than 43%, allowing the more steady SPY and QQQ to catch up. Talk about a real-life "tortoise and the hare" scenario! + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2022/01/arkkspyqqq.png))** +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2022/01/arkkspyspread.png))** +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2022/01/arkkqqqspread.png))** + +> Interestingly, if we look at ARKK's annualized price change from its launch in October 2014 through the pre-COVID peak for the stock market on 2/19/20, it's roughly the same as ARKK's annualized price change since the 2/19/20 pre-COVID peak: ~22.8%. Also, throughout its history, ARKK's annualized total return still stands at ~24.3%, which is nearly 10 percentage points better than SPY's annualized total return of 14.8% over the same time frame. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2022/01/arkkprice.png))** + +***** + +> # IPO Death Cross + +> The past two years have seen an explosion in new equity issuance in terms of the number of deals, and especially in terms of the dollar value of those deals. According to Bloomberg data, US average monthly issuance has been $23.83 billion over the past year. That is well above any point in the past few decades including the late 1990s. The actual number of stocks hitting the market has also set records this year, surpassing the 1990s peak. + +> While there has been a huge slug of new issuance, the performance of these names have been lackluster. The Renaissance IPO ETF (IPO) does not necessarily track every new name to hit the market, but it does act as a reasonably good proxy for the space. IPO reached an all-time high early in the year in February, but since then it has generally been rangebound fluctuating around its moving averages. Since the fall, and particularly in the past month and a half, the ETF has taken a significant leg lower. IPO has now fallen over 18% since the October 25th closing high, taking out its moving averages in the process. Today, IPO is setting up for what is typically viewed as a negative technical pattern: the death cross (when a downward sloping 50-DMA falls below a downward sloping 200-DMA). + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/12/122921-IPO-1.png))** + +> IPO does not have an extremely extensive history only going back to October 2013, and as such, there is only a small handful of prior examples of other death crosses without another instance in the prior three months. In the table below, we show those past instances. Albeit there is a small sample size, contrary to the name and pattern's reputation, prior death crosses have generally been followed by decent performance going forward. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/12/122921-IPO-2.png))** + +***** + +> # Santa Came To Town And 5 More Charts To Watch + +> Here is one chart about Santa and five more charts (or tables) that caught our attention recently. + +> Well, stocks did what they were supposed to do, which was gain during the historically bullish Santa Claus Rally (last 5 days of the year and first 2 days of the following year). We discussed this seasonally bullish period here, but the bottom line is we expected these days to be strong. It is when Santa doesnā€™t come to town that makes us worry. In fact, three of the past four times he didnā€™t come (2000, 2008, and 2015) saw stocks fall for the full year and the last five times he didnā€™t show all saw January lower. Only 2016 avoided a drop for the full year when Santa didnā€™t show, but that year started off with one of the worst first six weeks ever, so Santa was still a warning sign. + +> Mark this off as one less thing to worry about in 2022. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2022/01/blog-1.5.22-1-.png))** + +> Just because stocks were up big last year by itself isnā€™t a reason to worry. ā€œThe truth is big yearly gains likely take place in larger bull markets, so donā€™t get a fear of heights just because of what happened in 2021,ā€ explained LPL Financial Chief Market Strategist Ryan Detrick. ā€œIn fact, the past seven times the S&P 500 gained more than 25% saw the next year higher, with five of those years up double digits.ā€ + +> As shown in the LPL Chart of the day, the S&P 500 is up nearly 12% on average and higher 86% of the time after it is up 25% the year before. There are lots of worries out there, but ā€˜stocks being up a lot and that is why Iā€™m bearishā€™ shouldnā€™t be one of them. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2022/01/Blog-1.5.22-2-.png))** + +> The first day of 2022 started off with a rare all-time high on Day 1. We were surprised, as this has only happened five other times in history. Letā€™s be clear, we would never suggest investing based on one day, but years that make a new high on the first day actually see a strong January and strong full year return. Not to mention nearly 40 all-time highs on average along the way. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2022/01/blog-1.5.22-3-.png))** + +> Taking this a step further, stocks not only made new highs, but it was a strong Day 1 as well. Below you will see that previous times the first day of the year gained more than 0.6% saw stronger than average January and full year returns. Again, donā€™t blindly invest on only this one signal, but it is quite interesting. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2022/01/blog-1.5.22-4-.png))** + +> The fourth quarter of 2021 went out like a champ, gaining more than 10% in the process. Turns out, 10% gains likely mean continued strength. Incredibly, the S&P 500 was higher two quarters later the past 12 times the S&P 500 gained more than 10% in a quarter. Again, this is just one study, but it does little to change the view that the bull market is likely alive and well in 2022. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2022/01/blog-1.5.22-5-.png))** + +> Another eye-opening stat is the S&P 500 is up 7 consecutive quarters, one of the longest quarterly win streaks ever. Turns out that future strength is more common than you might think. Two quarters later the S&P 500 has never been lower and a year later up a very solid 14.1% on average. In fact, you have to go back to the early 1950s for the last time a quarterly win streak ended at 7, as they usually manage to go further than most think. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2022/01/blog-1.5.22-6-.png))** + +***** + +# **STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending January 7th, 2022** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!](https://www.youtube.com/watch?v=e4fBYhLZaUQ))** + +# **STOCK MARKET VIDEO: ShadowTrader Video Weekly 1.9.22** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!]())** +(VIDEO NOT YET POSTED.) + +***** + +Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead- + +***** + +> * (**$TLRY $JPM $C $DAL $WFC $CMC $TSM $BLK $AZZ $KBH $SNX $ACI $JEF $FRC $ACCD $OGI $SJR $WIT $LMNR $VOLT $WAFD $BBCP $ETWO $INFY $GHG**) + +***** + +###### **([CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!](https://i.imgur.com/A3JLkrA.jpg))** +###### **([CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!](https://i.imgur.com/hYnEelq.png))** + +***** + +Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: + +***** + +> # ***Monday 1.10.22 Before Market Open:*** +> ###### ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/FJLZDx6.png)) + +> # ***Monday 1.10.22 After Market Close:*** +> ###### ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/nRelhdf.png)) + +***** + +> # ***Tuesday 1.11.22 Before Market Open:*** +> ###### ([CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/Ab6wXAP.png)) + +> # ***Tuesday 1.11.22 After Market Close:*** +> ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) +(NONE.) + +***** + +> # ***Wednesday 1.12.22 Before Market Open:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/OWc7ZWE.png)) + +> # ***Wednesday 1.12.22 After Market Close:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/umM7wxg.png)) + +***** + +> # ***Thursday 1.13.22 Before Market Open:*** +> ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/UIjkF4F.png)) + +> # ***Thursday 1.13.22 After Market Close:*** +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/bAVcbcL.png)) + +***** + +> # ***Friday 1.14.22 Before Market Open:*** +> ###### ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!](https://i.imgur.com/asqYgqS.png)) + +***** + +> # ***Friday 1.14.22 After Market Close:*** +> ###### ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) +(NONE.) + +***** + +> # Tilray, Inc. $6.42 +> **Tilray, Inc. (TLRY)** is confirmed to report earnings at approximately 7:00 AM ET on Monday, January 10, 2022. The consensus estimate is for a loss of $0.09 per share on revenue of $173.25 million. Investor sentiment going into the company's earnings release has 51% expecting an earnings beat. Short interest has increased by 31.0% since the company's last earnings release while the stock has drifted lower by 40.7% from its open following the earnings release to be 53.1% below its 200 day moving average of $13.68. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, January 7, 2022 there was some notable buying of 14,315 contracts of the $7.00 call expiring on Friday, January 14, 2022. Option traders are pricing in a 15.3% move on earnings and the stock has averaged a 13.3% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](https://charts.finviz.com/chart.ashx?t=TLRY&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # JPMorgan Chase & Co. $167.16 +> **JPMorgan Chase & Co. (JPM)** is confirmed to report earnings at approximately 6:50 AM ET on Friday, January 14, 2022. The consensus earnings estimate is $3.02 per share on revenue of $29.71 billion and the Earnings Whisper Ā® number is $3.30 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 20.32% with revenue decreasing by 2.64%. Short interest has decreased by 20.9% since the company's last earnings release while the stock has drifted higher by 1.9% from its open following the earnings release to be 5.4% above its 200 day moving average of $158.60. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, January 4, 2022 there was some notable buying of 113,625 contracts of the $150.00 call expiring on Friday, January 21, 2022. Option traders are pricing in a 3.1% move on earnings and the stock has averaged a 1.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](https://charts.finviz.com/chart.ashx?t=JPM&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Citigroup, Inc. $65.78 +> **Citigroup, Inc. (C)** is confirmed to report earnings at approximately 8:00 AM ET on Friday, January 14, 2022. The consensus earnings estimate is $1.68 per share on revenue of $17.03 billion and the Earnings Whisper Ā® number is $1.95 per share. Investor sentiment going into the company's earnings release has 67% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 18.84% with revenue decreasing by 10.66%. Short interest has increased by 15.7% since the company's last earnings release while the stock has drifted lower by 7.4% from its open following the earnings release to be 5.6% below its 200 day moving average of $69.66. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, December 28, 2021 there was some notable buying of 10,211 contracts of the $62.50 call expiring on Friday, March 18, 2022. Option traders are pricing in a 3.8% move on earnings and the stock has averaged a 2.9% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](https://charts.finviz.com/chart.ashx?t=C&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Delta Air Lines, Inc. $41.51 +> **Delta Air Lines, Inc. (DAL)** is confirmed to report earnings at approximately 7:25 AM ET on Thursday, January 13, 2022. The consensus earnings estimate is $0.11 per share on revenue of $9.14 billion and the Earnings Whisper Ā® number is $0.14 per share. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 104.35% with revenue increasing by 130.05%. Short interest has decreased by 0.5% since the company's last earnings release while the stock has drifted lower by 2.9% from its open following the earnings release to be 1.7% below its 200 day moving average of $42.25. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, January 6, 2022 there was some notable buying of 3,032 contracts of the $45.00 call expiring on Friday, February 4, 2022. Option traders are pricing in a 5.2% move on earnings and the stock has averaged a 3.0% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](https://charts.finviz.com/chart.ashx?t=DAL&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Wells Fargo & Co. $54.77 +> **Wells Fargo & Co. (WFC)** is confirmed to report earnings at approximately 7:00 AM ET on Friday, January 14, 2022. The consensus earnings estimate is $1.09 per share on revenue of $18.38 billion and the Earnings Whisper Ā® number is $1.20 per share. Investor sentiment going into the company's earnings release has 56% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 70.31% with revenue decreasing by 3.87%. Short interest has increased by 4.5% since the company's last earnings release while the stock has drifted higher by 17.4% from its open following the earnings release to be 15.6% above its 200 day moving average of $47.39. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, January 3, 2022 there was some notable buying of 18,853 contracts of the $52.50 call expiring on Friday, February 18, 2022. Option traders are pricing in a 7.6% move on earnings and the stock has averaged a 4.9% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](https://charts.finviz.com/chart.ashx?t=WFC&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Commercial Metals Company $35.61 +> **Commercial Metals Company (CMC)** is confirmed to report earnings at approximately 6:45 AM ET on Monday, January 10, 2022. The consensus earnings estimate is $1.30 per share on revenue of $2.06 billion and the Earnings Whisper Ā® number is $1.37 per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 124.14% with revenue increasing by 48.01%. Short interest has decreased by 5.3% since the company's last earnings release while the stock has drifted higher by 14.7% from its open following the earnings release to be 11.5% above its 200 day moving average of $31.92. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 5.6% move on earnings and the stock has averaged a 3.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](https://charts.finviz.com/chart.ashx?t=CMC&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Taiwan Semiconductor Manufacturing Company Limited $123.50 +> **Taiwan Semiconductor Manufacturing Company Limited (TSM)** is confirmed to report earnings at approximately 6:00 AM ET on Thursday, January 13, 2022. The consensus earnings estimate is $1.14 per share on revenue of $16.10 billion and the Earnings Whisper Ā® number is $1.17 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 17.53% with revenue increasing by 27.01%. Short interest has decreased by 21.1% since the company's last earnings release while the stock has drifted higher by 8.2% from its open following the earnings release to be 5.5% above its 200 day moving average of $117.03. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, December 22, 2021 there was some notable buying of 12,128 contracts of the $85.00 put expiring on Friday, January 21, 2022. Option traders are pricing in a 6.2% move on earnings and the stock has averaged a 2.9% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](https://charts.finviz.com/chart.ashx?t=TSM&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # BlackRock, Inc. $892.27 +> **BlackRock, Inc. (BLK)** is confirmed to report earnings at approximately 6:15 AM ET on Friday, January 14, 2022. The consensus earnings estimate is $10.15 per share on revenue of $5.13 billion and the Earnings Whisper Ā® number is $10.34 per share. Investor sentiment going into the company's earnings release has 67% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.29% with revenue increasing by 14.56%. Short interest has decreased by 6.3% since the company's last earnings release while the stock has drifted higher by 3.5% from its open following the earnings release to be 1.6% above its 200 day moving average of $878.09. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, December 21, 2021 there was some notable buying of 1,778 contracts of the $460.00 put expiring on Friday, July 15, 2022. Option traders are pricing in a 4.1% move on earnings and the stock has averaged a 3.5% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](https://charts.finviz.com/chart.ashx?t=BLK&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # AZZ Inc. $54.97 +> **AZZ Inc. (AZZ)** is confirmed to report earnings at approximately 6:30 AM ET on Monday, January 10, 2022. The consensus earnings estimate is $0.82 per share on revenue of $245.30 million. Investor sentiment going into the company's earnings release has 47% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 2.50% with revenue increasing by 8.24%. Short interest has decreased by 55.5% since the company's last earnings release while the stock has drifted lower by 2.7% from its open following the earnings release. Overall earnings estimates have been revised higher since the company's last earnings release. + +> #([CLICK HERE FOR THE CHART!](https://charts.finviz.com/chart.ashx?t=AZZ&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # KB Home $39.76 +> **KB Home (KBH)** is confirmed to report earnings at approximately 4:10 PM ET on Wednesday, January 12, 2022. The consensus earnings estimate is $1.77 per share on revenue of $1.71 billion and the Earnings Whisper Ā® number is $1.85 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 58.04% with revenue increasing by 43.19%. Short interest has increased by 1.0% since the company's last earnings release while the stock has drifted lower by 3.8% from its open following the earnings release to be 8.1% below its 200 day moving average of $43.24. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, December 21, 2021 there was some notable buying of 4,176 contracts of the $37.00 put expiring on Thursday, April 14, 2022. Option traders are pricing in a 5.3% move on earnings and the stock has averaged a 5.3% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](https://charts.finviz.com/chart.ashx?t=KBH&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# DISCUSS! + +What are you all watching for in this upcoming trading week? + +***** + +I hope you all have a wonderful weekend and a great week ahead r/StockMarket. :) +So recently I've sold a few calls on a stock that rallied pretty high the day after, this has the effect of seeing longer dated calls shoot up exponentially. I don't see my call being hit as it is literally 50% above the price and set to expire in two weeks. But I don't think it will jump 50% in a month either. + +Currently, I can buy back my calls for 3k at a 2k loss....but then sell the same strike a month out for nearly 9k. For a hefty profit of almost 7k. (Like two months worth of salary) + +If I get called away before then, I'm fine...huge profit and I'm happy with it. But I'd love the extra premium on top of it. Also, I'd like to avoid incurring a capital gains tax for 2020 and instead do the sale in 2021 to balance out with the inevitable losses. + +Is this a sound strategy? Or should I just wait for my current calls to expire and wait for another opportunity? +Hey everybody, title says it all actually. +Most important is why has BTC crashed, because LTC usually follows BTC. This is the biggest crash I've seen so far but I don't see any cause for it. Do you have an idea why this happened? +If you haven't seen it yet, BTC is currently under $400, LTC under $8. + +Greets! +Grass__hopper +When bitcoin slowly moves up alts go crazy but when BTC goes down (with a certain momentum it seems) everything drops with it sometimes even worse. Coins have their own patterns and supports and just completely fall out of it only to close above it again. +Is there actually something behind it I don't understand yet? Is it to eat stop losses or even liquidate people? +Is it bots that sell when BTC drops X amount in Y time? Is it profitable to do so (aren't people waiting to buy those dips?)? +Feels like the only way to trade is to use bots yourself. Also, side question, when bitcoin moves in a pattern and is supposed to go down a bit it straight up DUMPS to that level. Bollbands being broken like crazy. +If someone can enlighten me on the subject it would be greatly appreciated to help this new trader understand this market. +Cashed in on UST last night at $0.76 then sold at $0.96. Doing it again now. + +Luna has.moved from north of 40 down to 16/17 today. Anyone considering a gamble? +I know that a proportion of people in this group will say that itā€™s financially irresponsible to spend any significant sum of money on a wedding, but thatā€™s what Iā€™m doing - please donā€™t hold it against me! + +My partner and I are both in career transition after taking redundancies last year, so we are managing our dollars carefully. We are getting married next year (was supposed to happen in 2020, but you know covid and all that) and Iā€™m looking for innovative ideas to save costs on the event. + +The venue requires most things to be brought in/arranged ourselves, which allows me to purchase the alcohol and make some savings there. Iā€™m also not having a bridal party. We will have around 80 guests, and will need a caterer, photographer, flowers, furniture etc. + +Any ideas would be gratefully received. Thank you in advance +So I just finished reading the Barefoot investor book in the last month. I'd been putting it off for ages, since I already have a zero-based budget that I've tracked in Quicken for over ten years, and had 'heard it all before'. + +I was pleasantly surprised to have learned quite a few practical tips that I've already implemented (things like keeping splurge money separate from daily expenses). + +I have a younger sibling ~~good close friend~~ that has never been 'great at managing their money'. I recommended the book to a few people ~~them~~, and it turns out that my sibling ~~they~~ already had it, but hadn't read it. They committed to reading it right away. + +They loved the book, found it easy to follow, and I was looking forward to catching up with them, sharing our experiences as we both put it to use. + +Well, it turns out that a month or so ago they'd signed up with MyBudget. I'd never heard of this service, but it had a $1,300 establishment fee, and a $2,500 annual admin fee (both paid in weekly instalments). This friend was looking at paying down some credit card debt, which should have taken them 18 months. Thanks to MyBudget's fees, their new timeline was something like 3-4 years. I was so frustrated. + +I don't know much about MyBudget's business model, but their founder is now worth $26 million. + +**Tl;dr: Friend has wasted over $1,500 that they'll never see a return from. All of which could have been avoided by reading a $15 book, THAT THEY'D ALREADY PAID FOR.** + +**Edit**: this 'friend' was actually a younger sibling, who has asked for my help in the past with some similar things. +[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](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**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 do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 tradeā€“ then this is for you + +&#x200B; + +# šŸŸ£ [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>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! + +# šŸ† [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# šŸ’ŽšŸ¤ [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# šŸŽ [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And weā€™re doing it again. + +# šŸš€ [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +šŸ“ā€ā˜ ļø [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! +I am up alot more than the average person. I have been almost up 500% with this stock. Right now, Elon is consistently making decisions which I don't agree with. I've supported him for a while and right now I don't know what to do. + +I am still up 300%. I've sold a few shares over the years. I've been holding since 2019. I still think he is changing the world, but his personality and actions go against the person who I first invested in. +Congress is voting **TODAY** on an infrastructure bill that could potentially be disastrous for the Crypto space. I'm not kidding, today congress will basically be voting on **PROOF OF STAKE** VS **PROOF OF WORK**. The former is what Ethereum 2.0 has been working on for so long, that london hardfork that we all upvoted and got hyped about? That is Ethereum 2.0, that **IS** Proof of Stake. The dinosaurs in congress are trying to kill the future of crypto right now. + +Listen, I cannot tell you exactly what this will do for our potential gamestop NFT dividend, but I do know that it is not good. The bad guys trying to kill proof of stake and over-regulate it are FUNDED by big banks. + +"Both [Warner](https://www.opensecrets.org/members-of-congress/mark-warner/summary?cid=N00002097&__cf_chl_captcha_tk__=pmd_d81b008ac0241993d385e318e9a9dc480742f027-1628221811-0-gqNtZGzNAzijcnBszQj6) & [Portman](https://www.opensecrets.org/members-of-congress/rob-portman/summary?cid=N00003682&cycle=2020&type=I) are, as expected, funded by big banks and investment institutions. Portman is funded by BlackRock, American Financial Group, other archaic institutions that derive great benefit from over regulating DeFi/Proof of stake networks. Warner is funded by Goldman Sachs. By making DeFi hard to access for end users, these institutions get to keep their close sources legacy financial system that oppresses its participants and funnels wealth to those at the top. + +Sen. Portman is even retiring next month. His absolute last act as a Senator is to attempt to kill innovation in finance, kill individual freedom , and instead enslave people to behemoth corporations. These are the dinosaurs that the country deserves? Why are these people who have zero stake in tomorrow writing laws that will harm millions of tomorrow's kids and prevent them from accessing an open and inclusive financial system?" + +Ok, so Call to Action. It's good that apes have a healthy skepticism for anything Call to Action wise, but our community is SO active. We can make a real difference today, the reality is that this bill DOES affect the future of Crypto and the NFT space. What can you do? Easy: Support the good guys (Toomey, Wyden, and Loomis) who are trying to AMEND the horrible infrastructure bill that is being voted on today. I've never called a senator in my life, probably because i never gave a shit. But i know we all give 10 shits about our financial future, SO JUST CALL. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Help us preserve financial privacy and independence in crypto. Make your voice heard! Call **517-200-9518** and youā€™ll be automatically connected to your senator. Ā  + +Tell them:Ā  + +ā€œHi, Iā€™m calling to ask that you support Senator Toomey, Wyden and Lummisā€™ amendment to the cryptocurrency provision of the infrastructure bill (H.R. 3684). I'm also asking you to vote NO on Senator Warner's and Portman's Amendment. Toomeyā€™s amendment will ensure that the provision does not dramatically expand financial surveillance, harm innovation, or undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you.ā€ + +&#x200B; + +Edit: The reason I put "call to action" in the title was specifically to be upfront that this is exactly what this post is. There is no hidden agenda, I am not a shill, this is REAL and it affects what THE GAMESTOP NFT DEVELOPERS ARE DOING RIGHT NOW. + +Proof of Work has massive problems with scalability, this is why ethereum devs have been working so hard to make Eth 2.0 proof of stake. It's why the gamestop NFT developers were WAITING specifically for it to go live. Do you remember when the lead gamestop NFT dev specifically tweeted about waiting for ETH 2.0 to drop in August? It's because proof of stake is scalable to work fast and efficiently with millions of users. With harsh regulations on proof of stake, there is no way that future projects can scale to support MILLIONS OF USERS. + +**They are purely targeting the developers and validators.** + +**Very informative video on the matter:** [**https://www.youtube.com/watch?v=JEF8dwF36qY**](https://www.youtube.com/watch?v=JEF8dwF36qY) + +&#x200B; + +Edit 2: The vote has been moved to tomorrow. A whole extra day to call and make our voice heard! +How we got here... + +August 16, 2019 + +Dear Members of the Board, + +Scion Asset Management, LLC and its affiliates (ā€œScionā€) own approximately 2,750,000 shares, or about 3.05%, of GameStop, Inc. (ā€œGameStopā€) common stock. + +As mentioned in our previous letter to the board, we have concerns regarding capital management at GameStop. Given recent GameStop common stock prices under $4 per share, we must re-state that GameStop complete the remaining $237,600,000 share repurchase at once and with urgency. + +Given the market capitalization of GameStop at $290 million at the close on August 15th, completing the authorization would retire over 80% of GameStopā€™s outstanding shares. Depending on the timing and quality of execution, such a repurchase would increase earnings per share dramatically - far more than any other possible action on a per share basis. + +The numbers are striking and demand action. We estimate that GameStop now has in excess of $480 million of cash, more than enough to complete the share repurchase authorization and still invest in the business and pay down debt. + +Through August 15th, a total of 11 trading days, 50,399,534 shares have traded. At this rate, for the month of August and for the third month in a row, the number of shares traded will exceed the total number of shares outstanding. Because of such high volume, we maintain that GameStop could pull off perhaps the most consequential and shareholder-friendly buyback in stock market history with elegance and stealth. + +Shareholders staring at all-time lows in GameStop stock see little evidence that GameStop has effectively leveraged its elite position in the gaming universe as the new paradigm came into clear view over the last five years. + +The unfortunate reality is that Amazon, not GameStop, bought Twitch in 2014. Instead, in 2014, GameStop started buying wireless store assets. And in 2017, Amazon, not GameStop, bought GameSparks - while less than a year ago GameStop reversed course and sold its wireless store assets. Shareholders are right to worry. + +We expect GameStopā€™s business will perk up a bit during 2020 and 2021 as the new console cycle, with associated software updates and introductions, finally gets underway. But what is happening now in the stock is about more than late cycle doldrums or even the streaming paradigm ā€“ shareholders do not have faith in current management, and have not been inspired by new leadership policies. + +Notably, as of July 31st, 2019, Bloomberg reports short interest in GameStop stock at 57,226,706 shares ā€“ this is about 63% of the 90,268,940 outstanding GameStop shares at last report. + +We submit that when share prices are at or near all-time lows and more than 60% of the shares are shorted despite cash levels much higher than the current market capitalization, lack of faith in managementā€™s capital allocation is the default conclusion. + +All of this creates the opportunity to enter 2020 with a dramatically reduced share count along with multi-fold greater impact per share for every single other achievement of management. Consider as just one example that if the turnaround is successful, and if GameStop were able to shrink its shares outstanding to 30 million through the share repurchase, the $157 million dividend that was just eliminated would pay out around $5.25 per share. + +The Board deemed up to $6.00 per share a good price for a buyback less than two months ago, and the price of the stock today is nearly half that amount. + +We again advise the Board to represent shareholders well, and to ensure the execution of the remaining repurchase authorization in full. + +Sincerely, + +Dr. Michael J. Burry +Hi PF- A dear friend of mine committed suicide a year ago leaving behind a wife and 2 year old son. A group (~15+) of us wanted to put some money together and start an interest bearing account to help fund his college. + +What is the best way to do this? We are debating on whether to have our friends wife or parents take ownership of the account once we get it set up (we'd like to surprise his widow with the gift). + +Thanks +My husband and I were both unemployed part of last year so money has been tight. Our savings has been steadily dwindling since the beginning of 2021. + +After 3 months of being out of work for some mental health struggles I finally started a new job this week and was feeling like we were about to finally get back on track financially. + +And now this. Iā€™m terrified for our poor sweet cat and hope he pulls through. + +Iā€™m devastated that we are in this position at all and feel very insecure right now. We canā€™t afford for anything else to go wrong right now or for the next few months and I know that when it rains it pours so Iā€™m just really afraid at this point and feeling pretty defeated. + +Edit: just want to thank everyone for their replies, encouragement, or advice on this post. I lurk in this sub every day but this was my first time posting. This is an amazing community. + +2nd Edit: I appreciate everyone who took the time to leave a comment of support. These past 24 hours have been rough and every kind word has meant the world to me. + +I probably wonā€™t reply to any more comments as some of the ones Iā€™ve been getting are honestly just making me feel too depressed. Clearly I understand that my decision to do this might not be wise but itā€™s what I decided to do and Iā€™ll deal with those consequences. Your input telling me how dumb it was does not change anything. + +Also I saw that someone have this post an award and Iā€™m not even sure what that entails but I wanted to say thank you. + +3rd edit: just go the latest news and our boy is doing really well. He might even get to come home earlier than expected. Hereā€™s a few pics of him https://imgur.com/a/IdNw11M +Crypto.com met backlash with their original announced reduced rates. As of a hour ago they have immediately slashed rates a 2nd time. The original rate reduction didn't take into effect until April 4th but this takes effect immediately. + +Before they were increasing ETH stake rates from 6.5% to 7%. They have now slashed it down to 4% + +Stablecoins like USDC were going for 12% rates. Hell I just locked in the 12% 15 hours ago. They were reducing it down to 10% but with their 2nd rate slash it is now down to 8%. + +This is crazy and I don't expect crypto.com to last much longer if they are reducing rates without warning and this fast +[SEC 8-K filing](https://www.sec.gov/Archives/edgar/data/1318605/000156459019012122/tsla-8k_20190418.htm) + +[Marketwatch article](https://www.marketwatch.com/amp/story/guid/5C38A1F6-D3BE-4796-B447-BB168091DA85) +\*\*\* **Update 2: May 3** \*\*\* + +Possible ties to Cartel and Quadriga + +User zabbaluga provided two links below. Thanks. The plot thickens. + +[https://webcache.googleusercontent.com/search?q=cache:vB\_yz\_KbwxEJ:https://medium.com/%40justsomeperson/uncovering-the-real-cartel-in-bitcoin-814427d00f54](https://webcache.googleusercontent.com/search?q=cache:vB_yz_KbwxEJ:https://medium.com/%40justsomeperson/uncovering-the-real-cartel-in-bitcoin-814427d00f54) + +&#x200B; + +[https://bitcoinexchangeguide.com/quadrigacx-had-e400-million-seized-by-polish-authorities-in-2018-for-money-laundering-connections-with-columbian-cartel/](https://bitcoinexchangeguide.com/quadrigacx-had-e400-million-seized-by-polish-authorities-in-2018-for-money-laundering-connections-with-columbian-cartel/) + +&#x200B; + +\*\*\* **Update 1: May 3** \*\*\* + +According to article below, Reginald Fowler had $14,000 worth of counterfeit sheets of $100 bills at his office. Also, Feds have been investigating since last year. On Oct 24, 2018, Feds spoke with Fowler after they seized assets. He said he would cooperate and agents sent him a follow-up email. He forwarded this email to his partner(s) in crime to tip her (them?) off, which could explain why Ravid Yosef didn't get caught and is now on the run. + +&#x200B; + +[https://decryptmedia.com/6871/crypto-capital-reginald-fowler](https://decryptmedia.com/6871/crypto-capital-reginald-fowler) + +&#x200B; + +Also, at some point, Fowler and Yosef held a balance of some **$345 million** across some **sixty bank accounts**. Screenshot from a Tether address with **345m Tether.** + +[https://www.omniexplorer.info/address/1NTMakcgVwQpMdGxRQnFKyb3G1FAJysSfz](https://www.omniexplorer.info/address/1NTMakcgVwQpMdGxRQnFKyb3G1FAJysSfz) + +https://i.redd.it/4tx5r8pxvzv21.jpg + +&#x200B; + +\*\*\* Original Post \*\*\* + +&#x200B; + +Article laying out the details and connection points + +[https://modernconsensus.com/cryptocurrencies/tether/feds-justice-hsbc-account-bitfinex-seized/](https://modernconsensus.com/cryptocurrencies/tether/feds-justice-hsbc-account-bitfinex-seized/) + +&#x200B; + +Indictment Info + +[https://www.justice.gov/usao-sdny/pr/arizona-man-and-israeli-woman-charged-connection-providing-shadow-banking-services](https://www.justice.gov/usao-sdny/pr/arizona-man-and-israeli-woman-charged-connection-providing-shadow-banking-services) + +&#x200B; + +Official Indictment Document + +[https://www.justice.gov/usao-sdny/press-release/file/1158991/download](https://www.justice.gov/usao-sdny/press-release/file/1158991/download) + +&#x200B; + +Reginald Fowler, former minority stakeholder in the Vikings, arrested. + +[https://www.sportsbusinessdaily.com/Daily/Issues/2013/11/18/People-and-Pop-Culture/Reggie-Fowler.aspx](https://www.sportsbusinessdaily.com/Daily/Issues/2013/11/18/People-and-Pop-Culture/Reggie-Fowler.aspx) + +&#x200B; + +Reggie arrest, article by Sports Illustrated + +[https://www.si.com/nfl/2019/05/01/alliance-american-football-reggie-fowler-investor-arrested-bank-fraud](https://www.si.com/nfl/2019/05/01/alliance-american-football-reggie-fowler-investor-arrested-bank-fraud) + +&#x200B; + +Reggie Fowler has history of shady dealings + +[http://www.espn.com/nfl/news/story?id=1995986](http://www.espn.com/nfl/news/story?id=1995986) + +&#x200B; + +Reginald (Reggie) Fowler + +&#x200B; + +https://i.redd.it/wnp9mkvn1uv21.jpg + +&#x200B; + +&#x200B; + +Ravid Yosef + +Assuming this is correct woman. Same name / sex / age as person indicted. Not much info on her. All her social media and biz websites haven't been updated in several years. She seems to have gone off the grid. + +https://i.redd.it/u86u36ny4uv21.jpg +I am a first time buyer with enough saved for a deposit already, however my tenancy contract ends in March 23, should i start looking for properties now or is it too early? +Enjoy! + +&#x200B; + +Hello S3CR3TB1TCH, + +Thank you for being a Robinhood customer. Weā€™re reaching out because, as you may know, the stock market may experience increased volatility both leading up to and after the U.S. presidential election. To help protect our customers and Robinhood, on October 16 before market open we will be **increasing the margin maintenance requirements for several widely-held stocks.** + +If you hold any of the affected stocks on margin, **your buying power may decrease** or **your account may be in a deficit** after these changes go into effect. If you end up in an account deficit and you donā€™t resolve it by the end of the trading day on October 16, you will be issued a [**margin call**](http://sg.robinhood.com/ls/click?upn=6fntGirSE5selsQKrSSUHjMA59bDfCWW6qZNCvrM0fJJl1X47T2AcffKHm-2BaJqTTQuGgInaPzu96PEQUN1nwuWpS-2BxPQs7F1GJURHrwATGY-3DgYHQ_MQUFcoWv1-2FLxBDNNs3puw489MgRyTMIrkhURUkDkGonBR0y54K0Ymimqlq8C-2FN-2FNNHZxdHy4TeDuj-2FeCg7mFLkhzx-2Ba1H98pPoXlvIJGUkrZNYjQ7rRA7P9In0DQkqs-2FGu0ZNLpXGNPgMxmBMnSDpvVOT29z4hPUXfzPzS8RYyNgRVP6G3IEiaII3z5-2BQsl52cpdhC0YZWKH1Y79zuCwFYLAIsil6eCDFIrbIP4AX2gJUlqd9ZkrgBialQOKiO6YwKqcGS2eo9LifbROyB29ckUmg8h4sTU5E-2B4j1-2FRXba7B4rB3t4NT3fva0nWmQUbsqh8urnYlu55pzHY-2FOtemjOKEkntPDxQi7RexY57LzELDuKSpeEDU17YS0f5AM-2FYNJ8myb0R979CYVoEPfJB-2BmmTJLmcjEKF92BWatdtVZb36o1-2FM3UcOoUckf948GFFkQZKzJLbzbiLcDiTIWNTzxg-3D-3D). If you do not resolve the margin call, we may need to sell off some or all of your stock to cover the call. + +If your account is in a deficit as a result of these changes, more information on the steps you need to take to resolve the deficit will be available in the app on the morning of October 16. In the meantime, you can view your updated margin maintenance under account settings in the app or check a specific stockā€™s margin maintenance requirement by going to its stock detail page. Please note that the updated maintenance requirements wonā€™t appear until the morning of October 16 and that **Robinhood is able to change** **these requirements at any time.** +I understand why mods have this rule in place but I think 1B is a better separator of shit penny stock companies and ones with real growth potential. May not seem like a huge difference, but 1B to 1.5B is a 50% growth which can happen in days, and us reetards NEED these gains to offset our ridiculously stupid losses that are constant and unrelenting. + +I see a lot of gems that are floating around the 1.1B-1.4B range but they cannot be shared here because of the rule, and once they go parabolic it becomes too risky to jump in, hence why there are so many losers on WSB. + +Yes, this place is hilarious and a great stress relief for those who trade, but we're also here to MAKE MONEY. I agree that sub 1B marketcap companies shouldn't be posted here, but some of the best gains I've made where from comapnies in the 1.1-1.4B range and I was unable to share them. +Greetings. Have anyone tried the Morningstar premium, and whatā€™s your opinion on it? + +If you used it or currently use it, how do you like their portfolio tracking functions? Things like +* ease of loading and updating positions +* custom view on attributes like sector, market, assets breakdowns + +I saw some fundamentals attributes in the free service, does it provide more robust data on premium? + +Also what do you all use for portfolio tracking? (I also got personal capital, itā€™s great for my main portfolioā€¦but hard to set up secondary and mock accounts) + +Thanks all! +Anyone talking about this yet? tZero (the company that helped Overstock offer a dividend) tweeted this today. The SEC has officially approved the first blockchain stock exchange to launch Q2/Q3 of 2022! + https://twitter.com/tZERO/status/1494444673993166852?s=20&t=ICPcMKSwC2lNwLX9AvQbgQ + +How will this affect GME? I wonder if they will have to purchase shares that are traded, or of it will just mirror the stock price on the NYSE. +These stats are pretty crazy: + +http://thereformedbroker.com/2016/05/15/global-ageing-stats-will-blow-your-mind/ + +You know what I'm gonna ask. What companies and industries are well placed to capitalize on this trend? + +EDIT: my approach is to invest in healthcare REITs like VTR and HCP. +Does anyone else see that the infinity pool is the greatest fucking idea, ever since DFV himself suggested that Gamestop has outrageous value? + +Let me explain... + + +If you own more than one share, just hold at least one share forever. + + +Why you ask? + + + +1) If enough people believe, it guarantees whatever share price you demand ($10 million, $100 million, or more per share) + + +2) It literally costs nothing + + +3) You've been holding all this time anyways + + + +Not financial advice but it literally cannot go tits up. + +Edit: + +Made some changes to make sure I get the right message across. + +Also wanted to say imagine the look on Kenny's face when he hears about this idea. + +I'm refreshing the upvotes on this post like it's the GME ticker. Do I have a problem? + +# #LiquidateWallstreet +Does anyone else see that the infinity pool is the greatest fucking idea, ever since DFV himself suggested that Gamestop has outrageous value? + +Let me explain... + + +If you own more than one share, just hold at least one share forever. + + +Why you ask? + + + +1) If enough people believe, it guarantees whatever share price you demand ($10 million, $100 million, or more per share) + + +2) It literally costs nothing + + +3) You've been holding all this time anyways + + + +Not financial advice but it literally cannot go tits up. + +Edit: + +Made some changes to make sure I get the right message across. + +Also wanted to say imagine the look on Kenny's face when he hears about this idea. + +I'm refreshing the upvotes on this post like it's the GME ticker. Do I have a problem? + +# #LiquidateWallstreet +In the last day or so there was talk on post fire operations, reports etc. +The bill is going to be enormous. + +I can see the following things happen: a large amount of properties will no longer be insurable, some small towns unlivable, increased taxes and levies to support fire security. Very little preemptive policies. Food to increase a lot. +Water to become more expensive but sadly more corporatised and restricted for use. + +I would like to see more preemptive communication and coordination, localised support, control of growth, some climate policy etc, but sadly cannot see this happening. + +Noone has a crystal ball and predictions are a mugs game, but what do you think will come out of these fires? +I have been tracking house prices since the start of the year. An obvious question for today - How does COVID-19 affect our House Prices? + +One way to answer this is to look at how vendors are changing their listing prices. You can see a general downwards trend across suburbs, with the occasional property dropping 10% of their listing price within only a few weeks - At least for prices in my area (Melb Inner North). This data is all online and interesting what your take is on Property Price Changes: [https://pricedata.properties/pricechanges](https://pricedata.properties/pricechanges) +Please use this sticky to ask questions and to see answers to similar questions you may have. + +If you're new to day trading please see the [getting started wiki here.](https://www.reddit.com/r/Daytrading/wiki/getting-started-daytrading) For **advanced traders** or you want to pick up a book, please [see our other wikis.](https://www.reddit.com/r/Daytrading/wiki/index) + +New traders should definitely try Forex, so check out [Forex community's wiki](https://www.reddit.com/r/Forex/wiki/index) paying special attention to babypips website which also teaches some general concepts you can apply to stocks/futures/etc and especially read the wiki's sections on **risk & money management** that can be applied to any market. + +[Pattern daytrading rules wiki](https://www.reddit.com/r/stocks/wiki/pdtrules), but that only applies to day trading stocks; other markets aren't affected like futures, forex, and crypto. + +Also see the sidebar (or "about this community" on mobile website) on every related community to learn more about trading. + +Here's a list of all the [previous question stickies.](https://www.reddit.com/r/Daytrading/search?q=author%3Aautomoderator+title%3Aquestions&restrict_sr=on&include_over_18=on&sort=new&t=all) +I've been testing strategies lately (All with real money to get a feel for things), and I've finally found one that's consistently working, in that I lose maybe 1 trade for every 2 wins (I'm not aware of the exact rate as I'm away from my data). That wouldn't be raising alarm bells if it weren't for the fact that my Risk:Reward ratio is 1:7. Now, I've been using this strategy for a week or so, and I've never landed myself on a losing streak. I'm a man of stats, and these numbers really stick out at me. How many trades do you go with before you "know" your strategy works? +Ok, so the DTC-005, that's the one where they will no longer allow an asset to be pledged more than once...NO LONGER. + +Why would they need to make this rule explicit? + +I'll give you one fucking guess. Oh, ya, because assets have been borrowed, then sold, then lent, then sold then lent, then sold and now the pile of froth is so high a starbucks barista would faint when seeing it. + +So, why was the DTC-005 posted then taken down? Well the official story is "oops, we spelled some words wrong and need to reformat bla, bla bla" I think that's BS and here is why: + +The DTC-005, not lending shares more than once will only be able to be applied AFTER the MOASS and the dust has settled. + +Why? Here is why, they posted rule 005, someone read it and said "uh, sir, WE'VE GOT A PROBLEM. We need to borrow those borrowed shares to keep the price down to keep our members from being margin called" + +OH, I see your point... + +You see, the DTCC et al. are the ones holding the price down, they are the ones borrowing shares and dumping them on the market. Can you see why? Exactly! + +If the shorts get margin called - like they almost did back in January -then the ENTIRE DTCC will go down, and then the entire market. And you all know from reading the Everything Short, that there is more than just stocks involved in this shit show. + +So, the DTCC is helping to keep the prices down so everyone can get the rules in place to protect all the members that do less shady shit to get rich. + +**TLDR:** 005 can't go into effect because the DTCC et al. need to be able to borrow shares to keep the price of GME down, to keep the stock and the treasury market and the from imploding, while the pass the rules they need to cover their own ass and protect the not-so-bad-actors + +APEs, you have more influence than you could have ever imagined. Use it for good. + +And when this shit is over, stay out of the stock market. They only changed the rules because they got caught. When you win a jackpot at the casino, your next move should be to leave the casino +I have been following the Gamestop saga since around November 2020. This is pure speculation based on events that I have witnessed. + +The SEC knows it all: + +* They know the colossal scope of the naked short positions. +* They know all the media entities that are helping short sellers manipulate the market. +* Gary Gensler knows every single illegal naked short seller and could put them behind bars right now if he wanted. + +So what has SEC done? + +* They prevented whales from forcing the short squeeze. Michael Burry was subpoenaed by SEC over GameStop. He was most likely forced to exit his position shortly before the January FOMO. +* They have possibly placed a gag order on Gamestop regarding this situation. +* They have allowed the naked short selling and media manipulation to continue in order to suppress the price. + +The only thing that can put an end to this is direct registering your shares. + +It does a couple of important things: + +* Those shares are completely out of the slimy hands of DTCC. The same DTCC that is mingling with Citadel and co. +* Once the float is locked, it gives irrefutable evidence of naked short positions and Gamestop can take legal action. Remember they have 1B in cash laying around? +* It also makes SEC look complicit. +Hey all, + +I have some cash lying around in my savings account and I was thinking about just putting them into a brokerage and sell cash-secured puts to generate income since the yields on the savings accounts really suck these days and I just want to beat the inflation rate of 3% annually. Of course, this is the money I can lose and I know this is 'very high' risky play but I'm willing to play it in the safest way, like selling puts that are way out of the money. + +I rarely sell cash-secured puts. Do you guys have any tips on selling these? Like I should look for certain delta/theta or play weeklies or not. + +Any tips would be much appreciated, thanks! + +EDIT: I forgot spx500 gives you 7% annually. Now my goal is to beat 7% annually. +RenTech just bought over six hundred thousand shares of GME. + + +This is my opinion of the situation based on the fact that I once read a book called "The Quants" and that I sometimes read the news: + +I believe that this move had been examined and debated internally at RenTech for a significant period of time. This represents a fundamental betrayal of the current trading ecosystem. + +In my opinion this move would be a motive for murder among hedge fund founders and managers. They are defined by competition but they don't operate in a bubble. They know each other. They are on a first name basis. They socialize together (who else would they socialize with?) and play poker together. They read each other's academic papers on subjects like pure mathematics and theoretical physics. Many went to the same university's (MIT or UC Berkeley or the like) or they know the man that started it all Dr. Ed Thorp, the man that wrote the book +"Beat the Market: A Scientific Stock Market" way back in 1967... Ed Thorp is the Godfather of modern hedge funds... He was also Ken Griffin's first investor (Citadel) + + +Here's a little sauce: http://mastersinvest.com/newblog/2017/7/21/learning-from-ed-thorp + + +Anyway, back to RenTech. + +Dr Simons has a PhD in mathematics from UC Berkeley. Before entering the world of finance he worked for the NSA as a code-breaker in the 1960's and in the 70's he co-published a paper that is significant enough to have it's own wikipedia article https://en.m.wikipedia.org/wiki/Chern%E2%80%93Simons_form + + +Then Dr. Simons founded Renaissance Technologies in 1982 and using his code breaking experience and mathematical genius started detecting signals in the market that everyone else was missing. + +Possibly owing to his time at the NSA, RenTech is notoriously secretive and seems to operate in a way that is relatively unique among hedge funds and this MAY explain recent performance disparities between RenTech's own funds and the competition. + +RenTech's Medallion Fund was established for employees in 1988 and it has been incredibly successful (thirty to fortyb percent returns most years I believe) but AFAIK it is closed to institutional investors. + +https://www.institutionalinvestor.com/article/b1q3fndg77d0tg/Renaissance-s-Medallion-Fund-Surged-76-in-2020-But-Funds-Open-to-Outsiders-Tanked + + + +On the other hand, while the Medallion Fund has been crushing it, RenTech's institutional funds have basically been doing the opposite. + +https://www.institutionalinvestor.com/article/b1l98yt4p0bvr4/The-Famed-Medallion-Fund-Is-Crushing-It-Other-RenTech-Funds-Not-So-Much + + +So.... What if RenTech got desperate enough to go long on GME and burn Citadel to the ground or what if they concluded that the potential returns simply warranted taking the risk? + +What if they concluded that going long on GME could work for all their positions? + +IMHO this is a decision that wouldn't be made lightly because it could isolate RenTech from the smart money, at least for a while. This means venturing into uncharted waters and risking more than just money. Reputation matters. Client relationships matter. + +And RenTech and Citadel share the same clients. Imagine if Vanguard had a billion dollars with Citadel and a billion dollars with RenTech. If Citadel collapses because of a RenTech position, RenTech had better have at least doubled Vanguards money right? + +And I don't think RenTech would touch GME unless they were planning to go long. It's a bit like taking another man's wife out to dinner. It may not end with tendies but you've already crossed the line and have to accept the consequences whatever they may be. + + + + +EDIT: A point I failed to make is that these hedge fund managers know each other like Mafia families know each other. They read each other's academic papers to gain competitive insight or to find flaws to criticize. + +It isn't just about money, it is also about the feelings they have when they see the other managers at a charity poker tournament or political fund raiser. It's about winning and rubbing it in the losers face. It's about those feelings. It's about ego and power. + +And for them trading is a game and the only rule is don't ruin the game so they generally avoid zero sum outcomes. They are too smart or at least too diversified for that. + +EDIT 2: Even if nothing comes ofv this, writing this post and thinking about the people running these hedge funds reenforces the fact that the only viable strategy regular people have is to join the other apes and buy and hold forever. +Before I dive into my first property, I have something hold me back. Itā€™s a paranoia the that Iā€™m over looking or forgetting something significant. + +I found a property by doing homework on the area and think itā€™s a good price and I would generate positive cash flow using my most conservative estimates for everything. + +Just wondering if anyone had deals go south because of something they missed and/or things you have learned to look out for now. +I'm only starting to get everything together for my first property but trying to think ahead, what is the path to the 2nd and more investment properties? How long do people tend to wait? + +Perhaps I'm just not that comfortable yet with such a large debt hanging over my head. +so i have a portfolio of stock. I have about 5 to 10% of my portfolio in real estate. I don't own any actual real estate. I don't feel comfortable enough to afford actual real estate at this moment of my life. + +however everybody says real estate is so great, but why is it then that my REITs always underperform my Holdings and other sectors, for example like technology, or healthcare. + +I understand that with traditional real estate there is the added advantage of being able to leverage. although I'm not utilizing leverage to buy more shares in REITs, the REITs themselves are also using leverage to go out and buy more opportunities. so why doesn't this show in the share price? +I have multiple rental properties and I'v seen families use small amounts of water and higher amounts. The people that did a lot of laundry would use the most. Now I have a $800 water bill. It's nearly 3 times their normal usage. They don't have a pool or hot tub once in a while I see the guy watering the lawn but that's nothing. I asked if any of their toilets are leaking water (like when you flush it and the upper tank has to fill up) they said "no it's good no problem" I'm suspecting something is leaking big time but theres no signs of water or maybe they're using the water for secret stuff? I know landlord is responsible for water and I'm stuck with it but what could be the reason for 3x water usage? What could I do? Family has been here 6 months not sure if meter reader had to catch up or something. +I have a 1 BR luxury condo, will be paid off in 7 years. Considering selling. + +A long-winded breakdown of some factors I've considered... + +Some reasons to keep: + +1. Mortgage will be paid off in 7 years. +2. Pretty easy to manage - it's a small unit with an on-site manager. +3. Rent is enough to cover expenses (for the most part). +4. Property value has appreciated 33% over the last 10 years. Not sure how good that is compared to comparable properties, but I know it's a good area and my property will sell quickly if I wanted to sell. +5. I have 2 assigned underground parking spots, a somewhat rare commodity in this area. + +Some reasons to sell: + +1. I can't keep a tenant longer than a year or 2. I've had 4 tenants over the years. All good tenants, except all have been young couples who eventually relocated or wanted a house. +2. Condo HOA is high: Maybe 3-5% annual increase, which isn't bad, but I pay these monthly, which is about 30% of the rental income. HOA is high because it's a nicely maintained and pretty private/small condo complex. +3. Can be hard to find renters: I've never had any large gaps between tenants, but people are definitely not fighting for my rental. I usually have only one applicant every time it's available. There are cheaper 1-BR alternative rentals in the area (albeit a bit smaller and managed by apartment management companies). My unit charges higher rent/sqft, but it is kinda unique since it's a comparatively larger 1-BR. I need to find that perfect tenant who will stay there forever! +4. About an hour drive away. Not a big deal but it could be a hassle if I needed to take care of things. Over the years I haven't had to go there besides meeting new tenants and minor maintenance. I don't feel the need to hire property management at this time. + +I don't like finding new tenants every year or 2, but I also enjoy the fact that I only have 7 more years before it's paid off. In terms of generating profit, it can be great in the long run but I have to consider the costs (expensive HOA, maintenance costs as the unit ages). + +Any advice? Insight? +I recently inherited 2 huge vacant multi unit properties. Both need work (one more than the other) I would like to rehab and rent but I do not have the capital on my own to rehab so I was wondering if a home equity line of credit would be a good option for me as both properties are paid off with no mortgage. The values on the properties are anywhere between $700-800k. I would like to some how leverage these properties into purchasing more properties is this possible to do ?. I have never invested before and donā€™t want to get taken advantage of and lose what my father worked hard to get. Any advice would be appreciated. Thanks . +[https://www.morningstar.com/articles/1031702/ark-innovations-thematic-approach-is-ill-prepared-for-a-major-twist](https://www.morningstar.com/articles/1031702/ark-innovations-thematic-approach-is-ill-prepared-for-a-major-twist) + +A lot of this ground has been covered already by places like The Bear Cave but here are some highlights: + +\- This teamā€™s collective experience seems significantly more limited than that of other firms. Only about half the current team came to ARK with a history of full-time work. + +\- Wood assembles the portfolio one stock at a time, using each stockā€™s cumulative scores as a guide to position sizing. But these scores say nothing of each stockā€™s sources of risk and return, which may be highly and undesirably correlated to one another. + +\- The portfolio has become less liquid and more vulnerable to severe losses as its size has swelled. In the 12 months ended February 2021, the ETFā€™s assets under management grew more than tenfold to over $23 billion. It has retained and grown its stakes in small companies that are now much more difficult to sell without [materially impacting](https://www.morningstar.com/articles/1027682) their stock prices. Across all U.S.-domiciled funds, the ETF stood out in February for having the most concentration in companies in which it owned 10% or more of floating shares--that doesnā€™t even include additional vehicles tied to the strategy, which combined amount to another $15 billion. + +\- Without risk-management professionals to stress-test the portfolioā€™s risk exposures, estimate its potential losses during historical or hypothetical market environments, and gauge worst-case scenarios, the team is poorly positioned to prepare and react. + +\-To mitigate market-impact costs, ARK must build new positions more slowly and exit gradually. But its bullish or bearish signals are available for all to see--as an ETF, the strategy must disclose its portfolios to the market each day--and traders can respond either by buying up a stockā€™s known supply (putting upward pressure on its price) or selling it (downward pressure) before ARK has offloaded its own position. +&#x200B; + +[Hi, I'm Troy McClu...err, \/u\/schismsaints](https://preview.redd.it/lzsb9ky2h7a71.png?width=225&format=png&auto=webp&s=8d709e3952f111fa21f696a57a2c7a0104475412) + +You might remember me from my reddit hits such as "Why does AutoMod hate everything I do?", or [my most recent post from a couple of days ago](https://www.reddit.com/r/Superstonk/comments/of20ou/a_deep_dive_into_nftgamestopcom/). + +I wanted to update my previous DD with some recent findings, clearing up a few points as well as expanding on the research I've done thus far. As before, you can find the current DD image in multiple formats here at my GitHub repo - [https://github.com/schismsaints/GME\_NFT](https://github.com/schismsaints/GME_NFT) + +To start, if you aren't familiar with basic blockchain concepts, [my previous post](https://www.reddit.com/r/Superstonk/comments/of20ou/a_deep_dive_into_nftgamestopcom/) and [this one](https://www.reddit.com/r/Superstonk/comments/ofndb0/a_crypto_dive_with_the_jellyfish_10_things_about) from /u/Dismal-Jellyfish (seriously, it's well worth a read) will help get you up to speed on the different token types, smart contracts, and other general blockchain concepts. + +**An Update on GME Tokens** + +Edit: Mandatory disclaimer - *don't be a dummy and buy random alt coins that just happen to say 'GameStop', you're almost certainly getting scammed* + +* [ERC-20 GameStop.finance scam token](https://etherscan.io/token/0x9eb6be354d88fd88795a04de899a57a77c545590) \- Obvious scam is obvious, but finding this token gave me a link to be able to more conclusively debunk the 69,420,000 ERC-20 token + +https://preview.redd.it/tcf7cmqnr7a71.png?width=256&format=png&auto=webp&s=c4e2a7928d64cbbfc523ab59b7ade084dba3eef4 + +[\\"The missing link\\"](https://preview.redd.it/ami03a1ur7a71.png?width=249&format=png&auto=webp&s=72c594892dfb607b865f03f9ef8f28755837fe9d) + +* [ERC-20 GME GameStop Token](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d) \- Thanks to several of the commenters on my last post(s), I went through a deeper dive into the ERC-20 GME ('fake 1337420' address) token and agree that it is likely a scam. + * The two most solid pieces of evidence identifying the scam are: + * [0xfoobar directly disputing its validity](https://twitter.com/0xfoobar/status/1409740353738096641?s=21) + * [More than one address holding the confirmed scam token as well as this one](https://etherscan.io/tokenholdings?a=0xfb5484a510c48c307fd0253ee4d0a0866950f9a3) + * [There is one address](https://etherscan.io/address/0x7f8c1877ed0da352f78be4fe4cda58bb804a30df) which has ties to some potentially relevant blockchain companies (Cudo primarily) that had me doubting early on whether it was a scam, but on further research I've found a lot of links to Nigeria, Dubai, etc which, while not red flags in and of themselves, certainly don't line up with GameStop corporate hiring their own domestic blockchain team. + +[Largest single GME ERC-20 Token holder address](https://preview.redd.it/1wimkjrp48a71.png?width=738&format=png&auto=webp&s=313c9516cfef292f5a4570e971a292ddce3810f7) + +* [ERC-20 GME Coin Token](https://etherscan.io/token/0xd4596454a0e145842d1319d6921399e8e1622ad7) \- I have identified [an external account](https://etherscan.io/address/0x503828976d22510aad0201ac7ec88293211d23da) involved in funding the GME Coin address, but the trail went cold after that. I can't confirm or deny that it is legitimate at this point; in either event, whoever created it went through more effort to hide their tracks than the other tokens. It does not appear to have been sold/swapped anywhere as of yet. + * Edit: Listed on Uniswap, scam city most likely here as well +* [ERC-721 GME GameStop Token ("The One and Only")](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e) \- I suspect this will be the only one of its kind minted, either as a teaser or POC token for further NFT work. + * One interesting possibility came to mind that - while not a crypto dividend per-se - could still have some interesting applications to securities exchanges or implications for the MOASS. Caution: Speculation/theorycrafting inbound + * Consider the scenario involved with shareholder voting, where each shareholder receives a control number on each brokerage where they hold shares. Each control number is associated with the number of shares held at a point in time snapshot. + * With ERC-721 or ERC-1155, a unique NFT could be minted for each shareholder/control number. The number of shares associated with each NFT could either be held in an external DB or as metadata (a field on the token itself). + * This would create a public record of the number of shares held by individual shareholders at a point in time and could be updated on an annual basis (or more frequently if desired) in line with shareholder voting standards. + * This also avoids the 'crypto dividend' hangups associated with Overstock as there isn't any money involved nor is there any way this method could prevent legitimate short selling - it's merely a public ledger of shares in circulation. + * Alternatively, if they do a crypto coin dividend instead of a crypto stock dividend like Overstock, presumably they wouldn't place the same restrictions on selling which was the main point of contention in the Overstock case as I understand it. See below for some reading on Overstock. + * [https://realmoney.thestreet.com/investing/stocks/overstock-is-paying-a-digital-dividend-and-it-gets-really-interesting-now-15037958](https://realmoney.thestreet.com/investing/stocks/overstock-is-paying-a-digital-dividend-and-it-gets-really-interesting-now-15037958) + * [https://www.irmagazine.com/technology-social-media/how-overstock-used-blockchain-distribute-its-digital-dividend](https://www.irmagazine.com/technology-social-media/how-overstock-used-blockchain-distribute-its-digital-dividend) + +/u/No-Fox-1400 has a lot of the same thoughts I do in his posts here: + +* [https://www.reddit.com/r/Superstonk/comments/ofiev4/the\_man\_with\_the\_plan/](https://www.reddit.com/r/Superstonk/comments/ofiev4/the_man_with_the_plan/) + * The timeline here including Overstock was an excellent read, but the part I really want to call out is this + +[This is in line with my thoughts on timing - NFT platform launch on 7\/14, announcement of dividend\/crypto play on 7\/14, and record date for a crypto based dividend on 7\/24](https://preview.redd.it/olsculkf38a71.png?width=678&format=png&auto=webp&s=dbdaefd50c398f333896a14a204bafaa79334fd2) + +* And here: [https://www.reddit.com/r/Superstonk/comments/ocvqlp/the\_rules\_dont\_matter/](https://www.reddit.com/r/Superstonk/comments/ocvqlp/the_rules_dont_matter/) + +https://preview.redd.it/89f8rnnw38a71.png?width=692&format=png&auto=webp&s=edc369dbfdb253baf183cdf837c9f725610a5a58 + +Edit: The 7/14 date's significance has been potentially debunked + +&#x200B; + +[I felt a great disturbance in the Force, as if millions of apes cried out in terror and had their tits suddenly deflated](https://preview.redd.it/38ex38jzh9a71.png?width=592&format=png&auto=webp&s=c8bc7969700a59428e93a0cdc90934ef3fa433c2) + +This is a great post from /u/Hey_Madie that goes into more detail on EIP-1559 and this tweet + +[https://www.reddit.com/r/Superstonk/comments/oh7ugx/an\_explanation\_of\_launchdate\_714\_nft\_eip1559/](https://www.reddit.com/r/Superstonk/comments/oh7ugx/an_explanation_of_launchdate_714_nft_eip1559/) + +**Recent Activity** + +/u/clawesome and /u/nuclear-falcon noticed some recent activity on the original smart contract here + +[https://www.reddit.com/r/Superstonk/comments/ogjbcy/one\_of\_the\_addresses\_associated\_with\_the\_gamestop/](https://www.reddit.com/r/Superstonk/comments/ogjbcy/one_of_the_addresses_associated_with_the_gamestop/) + +I've drawn out these relations on the long format diagram, shown below + +[Adding approving parties\/other devs to the owner\/approval list](https://preview.redd.it/507nrqd258a71.png?width=530&format=png&auto=webp&s=26992c61f9346de0a90cc46bea65c17011018810) + +Huge credit to /u/HandyBananaMan for being almost as obsessed with the transaction logs as me and pointing me toward several bread crumbs along the way. + +TL:DR; Buy, Hold, Buckle Up. GME Blockchain team hard at work to bring us something mind blowing. I expect that *even if* a crypto dividend does not materialize, the [nft.gamestop.com](https://nft.gamestop.com) project will be revolutionary and will function as a large catalyst for price movement regardless of a dividend play. + +&#x200B; + +[This is the PNG format of the diagram here for convenience, but the current version is always on my GitHub repo.](https://preview.redd.it/i09xoc4e78a71.png?width=4808&format=png&auto=webp&s=03f646219e746517c83364692af14e96180906d6) +**TA:DR: RC did share offering to be able to sue the bad guys for harm done to his stock. It's one of the few ways companies can attack the sort sellers legally. Oh yeah, its possible that we could have MOASS'd in April if it hadn't been for options. Also, all options help hedgies locate shares.** + +Edit for the day: Iā€™m tapped out on this. No one brought a reasonable example that disproved the crux of this dd on options. The bad guys get access to more shares through options. No one disagrees with that, other than to say I was wrong and leave it at that. Yes apes can make more money by buying and selling shares. The data shows that options give the bad guys more access to shares. + +# Part 1 Rule 105 of the Securities and Exchange Act + +Thereā€™s a fairly obscure rule that got bantered about during the time of the first share offering. Rule 105 of the Securities Exchange Act of 1934. The rule is intended to keep people from shorting the stock during an offering, and then buying the stock at the depressed price to cover. Even if it isnā€™t naked short selling, the purchased shares effectively cover the shorts profitably. Hereā€™s a link. + +[https://www.sec.gov/about/offices/ocie/risk-alert-091713-rule105-regm.pdf](https://www.sec.gov/about/offices/ocie/risk-alert-091713-rule105-regm.pdf) + +Without rule 105 (lol and for some companies with it) a HF can short the stock at $100, drive the price down, and buy at the depressed price, pocketing the difference and fleecing early adopters, and closing their earlier shorted shares. Note that the original shorts could be naked or covered, but they are both illegal. So if GameStop announces in day 1 that it is going to offer shares, and announces on day 20 that the offering is complete, then anyone who shorted shares from day 15 to day 20 cannot have purchased shares during the offering. Conversely, anyone who purchased shares during the offering cannot short shares from day 15 to day 20. Both situations would be illegal if performed. At least thatā€™s how I read Rule 105. + +# Part 2 How to get justice (monetarily) + +Soā€¦how do you show harm, and what harm is done by violating Rule 105? Well, if it can be shown that a hedge fund or market maker or broker dealer shorted that stock during the restricted period, (5 days before announcement of offering completion and the price announcement), and purchased any of the shares then the SEC can sue the offending hedge fund and order disgorgement costs, (price at start-price sold at by issuer)\*number of shares shorted. + +The SEC likes to sue on this matter. Hereā€™s one from September that detailed actions taken in December of ā€™20. Maybe GameStopā€™s will be published in Marchā€™22 for $669,002 + +[Helikon Investments Ltd. (sec.gov)](https://www.sec.gov/litigation/admin/2021/34-93091.pdf) + +So check thisā€¦.Share offering 1: + +* Announced on 4/5: GME price $186.95 +* Announced completed on 4/26: GME price $168.93 +* Restricted period on 4/20: GME price $158.53 +* Difference in price $-10.40 + +Oops. The price has to go down to show harm. This almost went his way though. What happened to fuck up his plans? The hot topic of the day, options. And not just any options, the ones everyone is saying is ok to bet on. These were quarterly options. These were leaps. Fuck man. These were DFVā€™s options. Heā€™s not going to help the hedgies is he? Yeah. He did. + +The price action between 4/20-4/26 + +* 4/20: $158.53 +* 4/21: $158.51 +* 4/22: $151.17 +* 4/23: $ 151.18 + * Feeling harmed. May release pricing on Monday. +* 4/26: $168.93 + +Fuck. How many trading days is it again from 4/16 DFV day? T+6 you say. Why thatā€™s the settlement time for synthetic longs! My dear. Do you remember all of the options that printed on 4/16? Holy fuck we were all glued to Reddit waiting for his update. Apes around the world sympathy bought options. The 800c alone! They only moved the price $17 6 days later. It will take more options purchased than on DFV day to create MOASS or any liquidations. Think about that. DFV day options rose the price $17. And all of those shares got fucked with. All of those shares ended up having a T+6 settlement which assures that fuckery was afoot. And remember, T+6 shows synthetic longs, but there are steps along the way to get to that point. Whatā€™s another way we know this? The net short volume during the share offering. + +# Part 3 How to see options fuckery residual. + +Using Stockgrids.io dark pool tracker for GME here + +[https://www.stockgrid.io/darkpools/GME](https://www.stockgrid.io/darkpools/GME) + +Check out the Net short volume absolute value in the second graph. Notice how the number was positive from 2/20-4/1?. All that volatility, all the variance, all the swapping, and the the hedgies were still able to have positive net short volume through the March run up/forced buy in period. Until RC dropped a bomb. (I do think variance swaps are the main driver btw. I do agree with Criand on that point) + +The rub with Rule 105 is that when a share offering is announced, they do not announce when it will complete. It could complete in 2 days or 2 years. And you canā€™t short it the last 5 days if you buy shares. So everyone has to fly right until the share pricing is announced or risk paying a fine (cost of doing business) to the SEC. I agree that hedgies probably donā€™t care about fines, but this isnā€™t just a fine, they also have to make it right for all of their shorted shares. Thatā€™s not just a fine. Thatā€™s disgorgement. That takes all of their profits from the shorted shares, and itā€™s the company that was harmed. This one is not just a fine. + +So letā€™s look at net short volume from 4/4-4/26 + +https://preview.redd.it/jxat4qcubj081.png?width=257&format=png&auto=webp&s=37e1f44f55706811a560e502d88f9ac8543b0473 + +&#x200B; + +See how it turns positive on 4/19. That is 100% because of options, leaps, and any derivative for GME that was bought. tHeSe aRe sAfe OnEs. Some were exercised, Iā€™m sure, but most people sold their options directly to the MM. And even then all of them got fucked with. Who is the DMM for GME? Citadel. Check out the screenshot provided by u/BigMapleTree. Covered calls sold to Citadel. + +[https://www.reddit.com/r/Superstonk/comments/qwtb1l/this\_is\_what\_it\_looks\_like\_when\_closing\_a\_covered/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/qwtb1l/this_is_what_it_looks_like_when_closing_a_covered/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +And what day did the price discovery happen? Not 4/16 did it? Nope. Didnā€™t happen on T+2, either. The price discovery happened 6 trading days later on 4/26, when they controlled the price enough to hurt Ryanā€™s plan to show harm. And the reason they had shares to fuck with in the first place is ā€¦ options. If there had been no options or Max Pain the price would have most likely continued to drop as it already had and RC would be able to show harm. Nothing else happened to provide that many shares that day. It is only options. And as far as the SEC is concerned, they just see the CNS balance because this fuckery came from derivatives, tHaT tHey Donā€™T ReGuLAte. + +On 4/25 RC tweeted a gif of Ryan getting run over by a train. + +[Ryan getting hit by a train that everyone sees coming](https://twitter.com/ryancohen/status/1386485746916380673?s=20) + +&#x200B; + +https://preview.redd.it/zimpe88wbj081.png?width=741&format=png&auto=webp&s=212b4909972abdec7cb1a814a6dc0bc816507749 + +That is an options train everyone. Maybe an ape train. Either way, options hurt RC plans. Apes cannot effect price discovery. DFV day did not effect price discovery until it was beneficial for the hedgies. + +# Part 4 Why options help hedgies. + +I didnā€™t plan on putting this in here until I saw the data above. I thought this was going to be a quick dd showing everyone rule 105 and two share offerings and how RC can show massive harm on the second one. But then Options Monday happened. I got spammy. Hereā€™s why. + +It is my theory that hedge funds have not been able to naked short GME since March. I went into this theory in my The Rules Donā€™t Matter DD. If you have used a delaying technique that says you canā€™t locate shares (Finra Reg T extensions) then you canā€™t naked short a sale in front of the SEC like they had been. If they filed for a Reg T extension saying they canā€™t locate shares on 3/9, then they canā€™t say ā€œdonā€™t worry about my naked share, I can find one in two daysā€ on any day after 3/9. + +The main reason I believe that is because FTDā€™s dropped like a rock after march. These guys only stop doing something when they have to. They would have continued to naked short GME and continue to FTD if they could have. They had already shown it didnā€™t matter to them. They racked up over a billion ftdā€™s at one point. Why would they care after 3/9? Because they were forced to say that they couldnā€™t locate any more shares after the march buy in. If you publicly canā€™t locate shares, you canā€™t naked short, because it rests on the ā€œbona fideā€ ability to find a share in 2 days. If they can't short GME naked as they have been, then due to REGSHO 204 they need to locate a share first. + +There was an amazing DD analyzing the trade pattern throughout the day during the summer by u/BuzzMonkey. [Daily Trade tape analysis](https://www.reddit.com/r/Superstonk/comments/ogirpi/daily_trade_tape_analysis_showing_how_an_increase/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/iuxb8bzybj081.png?width=741&format=png&auto=webp&s=75e38ea5a0c6748b12f0bd847f0d56805dfa28e3 + +This awesome ape breaks down the exact pattern of the days trades, and it clearly shows matched sets of almost every trade. And this isn't a one day occurrence. I bet the same analysis for today would hold. + +So Citadel needs shares to fuck with GME, itā€™s not just the price. So what do they do? They underwrite options. Now they canā€™t buy their own options anymore, but the way can sell them for premium money. + +So here the steps for options that I understand. Maybe Iā€™m wrong. + +1. MM underwrites contract not backed by shares (these are regulated by the CFTC and I do not trust them one bit because of their lack of any transparency)(sec is the blind mouse again)(no, the do not hedge if they wonā€™t even buy the damn share in the first place) +2. Retail buys options -MM pockets premium +3. Retail finishes contract + 1. Expire worthless + 2. Exercise contract and get shares at strike price +premium + 3. Sell contract to fellow retail and leave them holding the bag, still giving premium money to hedgies + 4. Sell contract to MM. MM Loses money on overall trade. Located 100 shares out of nowhere + 5. Partial exercise (as explained to me and telling me I was wrong. Using their process) + 1. Broker shorts xx shares (cost of exercising) (Stock shorted. Enough said) + 2. Exercises contract + 3. Pays retailer 100-xx shares + 4. Essentially sells xx shares to MM. may take a loss but they located XX shares. + +Recap: + +* If you exercised your shares, you bought from MM. 100 shares located +* If you sell to fellow ape, eventually, those shares will fall under the the other 4 options. 100 shares located. +* If you sell contract to MM they will either resell it, or exercise it. They wonā€™t let it expire worthless. 100 shares located +* If you partial exercise, Shorted some, sell XX to MM and buy XX from MM. 100 shares located +* MM has located 100 shares, now they can short those or use those to force price suppression. + +Hereā€™s the results of all of that options. + +* You may or may not make money. You may be able to buy shares with your gains. Donā€™t buy from MM. IEX or CS, please. +* MM located 100 more shares as far as the SEC is concerned. So now they can short or sell the newly found shares +* At most will get 100 shares. The MM created 100 shares to give to you and another 100 located at the end of the options clearing. +* This is a 2:1 ratio in the wrong way. + +Yes. Apes can make money on options. Yes. Apes can buy shares with the money. Those shares will provide pressure on hedgies. Options do not put any actual buying pressure on price discovery. At least not the options apes do, because for every share you get with options, the MM shows that they will use that to fuck with and lock the price at whatever price they want. Every share you get through options is at least 1, if not 2 shares shorted. That is not net positive buying pressure. + +Yes. Options from DFV day did make the price rise. But only $17. Here's a link to the options info. 3x the calls in the money as 11/19. So based on that alone, and nothing else, you could expect a $6 run on 11/31. Maybe something else may get it higher, but options for 11/19 should expect to raise the price $6 T+6 later. And this is based on historical facts. Not theories. + +# Part 5. The actual harm. DIAMOND FUCKING BALLS + +So RC tweets that he is by the SEC on 5/12. [RC in VA](https://twitter.com/ryancohen/status/1392649234944507906?s=20) + +&#x200B; + +https://preview.redd.it/iblw9sz0cj081.png?width=638&format=png&auto=webp&s=e39b6b7726452cee57d079af6b7f828aec72e850 + +He may have been discussing the GameStop response to the Earnings report in person. He may have been discussing the, at the time, on going GameStop report that was written by the three blind mice. But I also think he discussed Rule 105. I mean. ā€œOops *moass* my badā€ was also 5/12. DFB was feeling those cold hard balls that day. + +So RC fucked up by doing the offering during a quarterly options period. That gave the hedgies ammo he hadnā€™t planned on, or maybe totally saw coming but didn't listen like the tweet. When the price went up during the swap rollover period/forced buyin/90 cycle RC new he fucked up because the Net negative short volume flipped, and he saw the expected covering but not liquidation on the 5/26 run. I also think that it is possible due to 4/16 options, that RC could not show harm to the stock. + +I speculate that he went to show harm to the stock to the SEC on 5/12. I also believe that they told him that he could not conclusively show harm. Also, 5/28 was a dip after massive green candles on 5/25, 5/26, and 5/27. I think this dip showed RC that the hedgies could still fuck and weren't liquidiated. + +Ryan Cohen RIP dumbass. + +&#x200B; + +https://preview.redd.it/fjqokqi2cj081.png?width=724&format=png&auto=webp&s=415553e81729af60d4447b7ca2cdb7d126e938ca + +So what does the fucking master do? He puts out a fucking share offering at the top of that same fucking forced buy in. Said it before and Iā€™ll say it again, Diamond. Fucking. Balls. We have DFV and DFB. This is equivalent to his over 3M share purchase in December ā€™20 that was on a T+35 day. + +Share offering 2: + +* Announced on 6/9: GME price $302.56 <-the fucking peak. RC knew +* Announced completed on 6/22: all 5m sold at cost average of $225.20 +* Restricted period on 6/16: GME price $229.94 +* Difference in price $4.74 + +If all 5 million shares were shorted between 6/16 and 6/22 and 5 million shares were bought during that period GameStop could claim $23,700,000 in damages. (Over 25X the size of the case linked at the beginning). Take note, because if the 90 day cycle is correct and RC knows it, then he knows they would have had to either short the stock on 6/10 or risk MOASS. Crime or MOASS. Because remember how we talked about options before, and how the MM or brokers have to locate a share of GME before they short it? That means that if 5M shares were shorted, then 5M shares were bought too. Full harm. The short volume reported (yes, we know itā€™s more) is 5,971,211 shares. Each of those had to be bought during the restricted period to short them. I think. + +Let that sink in a minute. DFB put out a share offering on a date that should have launched MOASS, because the net short volume should have to go negative during the share offering. Just like it did in April. Right after a forced buy in. It should have launched the price past $350, and possibly forced liquidations. + +But we all know what happened. Traceable crime actually happened. Crime the SEC like to sue over. Maybe they might be inclined to ask Citadel why they bought the entire offering and shorted the entire offering during the restricted period. +Your smoke and mirror politics have been exposed over the last week. The ā€œcard trickā€ you just tried to play on cryptocurrency didnā€™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 ā€œproblemā€ 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 itā€™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 ā€œholding on for dear lifeā€. + +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. +Hey guys. Iā€™d appreciate your advice on an issue Iā€™m having. + +I broke my arm at home 6 weeks ago. Iā€™m a tradesman so I havenā€™t been able to work. Luckily Iā€™ve had savings and paid leave to use during this time. + +But Iā€™ve been paying quite a high premium for income protection for three years now (wonā€™t say who with yet) for 90% of my pretax income to be covered. I figured I may as well make a claim to use it and then leave my savings alone. + +I made the claim a month ago and the statements confirmed my level of benefit was 90%. Except the payment amount is much lower. It works out to be about 60%. I call them up and was told ā€œoh itā€™s capped at $xxā€ despite any percentage. + +Iā€™ve gone through the PDS twenty times and see no mention of this cap. The example they use in the PDS is pretty much exactly my situation and it explains the 90% calculation. + +Like I said Iā€™m lucky to have savings and Iā€™ll be back at work soon anyway but Iā€™ve been paying for this for three years now and itā€™s not what I thought it would be. If I had a more serious accident and had to be off work for longer this would not suffice. + +I hope the wool hasnā€™t been pulled over my eyes somehow. I plan to take this further next week but I just wanted to chat to some others who may know more and see if Iā€™ve been screwed here. + +Thanks! + + +Update - for anyone following along and/or going through something similar (hopefully not) + +I called the insurer again today and spoke to someone else. They were able to tell me that my employer put the cap on our paid benefits in December 2018, and that the union and employer agreed to this because too many benefits were being paid out. + +It goes without saying that I, nor the other guys, have known about this and our premiums have been charged the same. + +So it seems this is now an issue with us and our employer. The insurer says they werenā€™t liable to tell me because itā€™s a group cover and the employer should have. + +Iā€™m considering getting legal advice about this. I feel like this is so wrong. If anyone has any advice for me with this coming to light please let me know. +These tokens allow those who arenā€™t familiar with the crypto space to continue supporting their favorite charities while also investing in themselves! +https://youtu.be/SaocbsBLWdc + +We have already secured one partner (Food For Life Global) and have meetings scheduled with two more, Action Against Hunger and Feeding America, this week to discuss partnerships! + +Milk and Butter tokens, for those that havenā€™t heard, are companion tokens in the Binance Smart Chain with an emphasis on charity giving. Milk is an RFI token that can be staked to generate Butter, which is used to power community voting for their favorite charities on a weekly basis. Those that merely wish to vote may purchase Butter tokens on the open market as well, which also drives rewards for those that stake Milk! +https://www.milktoken.net/voting.html + +5% of all Milk transactions are guaranteed to go to a charity wallet. In addition, Butter can be used to suggest new charities. +https://www.milktoken.net/suggest.html + +$20,000 has been donated to charity so far, with a market cap of only 800K. We made crypto history when Butter became the first BEP-20 token to partner with a major food charity: Food For Life Global https://ffl.org/20077/cryptocurrency-butter-token/ + +The liquidity for both the Milk and Butter tokens is locked away until 2022, at which point both will be relocked. Our Market cap is still low with a solid base, we're building our community for healthy growth, and weā€™ll continue to develop this project with many exciting use cases plus a full array of features to be rolled out as development completes. + +Each week the Milk and Butter token team hosts AMAs with the Developer on Twitch where the community can ask any questions they may have. Occasionally, we have guests, last week the CEO of ā€œFood For Life Globalā€ joined us and explained the amazing genesis of ā€œFood for Life Globalā€ and took viewer questions. https://www.twitch.tv/milkbuttertoken + +Roadmap: +ā€¢The first NFTs for voting are releasing today! +ā€¢Next week gamification of Butter begins with lotto/bingo games being implemented. +ā€¢The voting and staking processes will continue to be refined to make the experience as easy and accessible as possible. +ā€¢Planned instructional content to help those new to crypto learn about the space and how to purchase and use the Milk and Butter tokens. + +Accomplishments so far: +ā€¢Code built from the ground up to develop both tokens. +ā€¢Unique staking and voting systems implemented. +$20,000 donated to various charities in the first month. +ā€¢Official global charity partnership with ā€œFood For Life Globalā€ being the first of many. +ā€¢Milk has been [audited](https://dessertswap.finance/audits/Milk%20Token%20BEP-20%20Audit%206361622.pdf) with Butter audit on the way +ā€¢The developer is [doxxed ](https://christianclaypool.wordpress.com/about/) +ā€¢Milk and Butter LLC is established with full team being doxxed next week. + +Links: +[Website:](https://milktoken.net/)ā€‹ā€‹ + +[Twitter:](https://twitter.com/milk_token) + +[Instagram:](https://instagram.com/milkandbuttertoken?igshid=1tzj1h32o7ywq) + +[Telegram:](https://t.me/joinchat/0n0OjClujAY1NTE5) + +[Reddit:](https://www.reddit.com/r/MilkToken/)ā€‹ā€‹ + +[Discord:](https://discord.gg/MdhYMeEKjQ) + +[YouTube:](https://youtube.com/channel/UCJ-R-QzIZVB3nMUFiVva95A) + +CMC: https://coinmarketcap.com/currencies/milk-token/ + +$MILK [Market Cap](https://charts.bogged.finance/?token=0xb7cef49d89321e22dd3f51a212d58398ad542640) + +$BUTTER [ Market Cap](https://charts.bogged.finance/?token=0x0110ff9e7e4028a5337f07841437b92d5bf53762) +These tokens allow those who arenā€™t familiar with the crypto space to continue supporting their favorite charities while also investing in themselves! +https://youtu.be/SaocbsBLWdc + +We have already secured one partner (Food For Life Global) and have meetings scheduled with two more, Action Against Hunger and Feeding America, this week to discuss partnerships! + +Milk and Butter tokens, for those that havenā€™t heard, are companion tokens in the Binance Smart Chain with an emphasis on charity giving. Milk is an RFI token that can be staked to generate Butter, which is used to power community voting for their favorite charities on a weekly basis. Those that merely wish to vote may purchase Butter tokens on the open market as well, which also drives rewards for those that stake Milk! +https://www.milktoken.net/voting.html + +5% of all Milk transactions are guaranteed to go to a charity wallet. In addition, Butter can be used to suggest new charities. +https://www.milktoken.net/suggest.html + +$20,000 has been donated to charity so far, with a market cap of only 800K. We made crypto history when Butter became the first BEP-20 token to partner with a major food charity: Food For Life Global https://ffl.org/20077/cryptocurrency-butter-token/ + +The liquidity for both the Milk and Butter tokens is locked away until 2022, at which point both will be relocked. Our Market cap is still low with a solid base, we're building our community for healthy growth, and weā€™ll continue to develop this project with many exciting use cases plus a full array of features to be rolled out as development completes. + +Each week the Milk and Butter token team hosts AMAs with the Developer on Twitch where the community can ask any questions they may have. Occasionally, we have guests, last week the CEO of ā€œFood For Life Globalā€ joined us and explained the amazing genesis of ā€œFood for Life Globalā€ and took viewer questions. https://www.twitch.tv/milkbuttertoken + +Roadmap: +ā€¢The first NFTs for voting are releasing today! +ā€¢Next week gamification of Butter begins with lotto/bingo games being implemented. +ā€¢The voting and staking processes will continue to be refined to make the experience as easy and accessible as possible. +ā€¢Planned instructional content to help those new to crypto learn about the space and how to purchase and use the Milk and Butter tokens. + +Accomplishments so far: +ā€¢Code built from the ground up to develop both tokens. +ā€¢Unique staking and voting systems implemented. +$20,000 donated to various charities in the first month. +ā€¢Official global charity partnership with ā€œFood For Life Globalā€ being the first of many. +ā€¢Milk has been [audited](https://dessertswap.finance/audits/Milk%20Token%20BEP-20%20Audit%206361622.pdf) with Butter audit on the way +ā€¢The developer is [doxxed ](https://christianclaypool.wordpress.com/about/) +ā€¢Milk and Butter LLC is established with full team being doxxed next week. + +Links: +[Website:](https://milktoken.net/)ā€‹ā€‹ + +[Twitter:](https://twitter.com/milk_token) + +[Instagram:](https://instagram.com/milkandbuttertoken?igshid=1tzj1h32o7ywq) + +[Telegram:](https://t.me/joinchat/0n0OjClujAY1NTE5) + +[Reddit:](https://www.reddit.com/r/MilkToken/)ā€‹ā€‹ + +[Discord:](https://discord.gg/MdhYMeEKjQ) + +[YouTube:](https://youtube.com/channel/UCJ-R-QzIZVB3nMUFiVva95A) + +CMC: https://coinmarketcap.com/currencies/milk-token/ + +$MILK [Market Cap](https://charts.bogged.finance/?token=0xb7cef49d89321e22dd3f51a212d58398ad542640) + +$BUTTER [ Market Cap](https://charts.bogged.finance/?token=0x0110ff9e7e4028a5337f07841437b92d5bf53762) +Iā€™ll provide some quick clarity into some misunderstandings of blockchain technology to help my fellow Apes understand what to potentially anticipate from GameStop on July 14th. + +GameStopā€™s page declares the following: + +ā€œWe are building a team +We welcome exceptional engineers (solidity, react, python), designers, gamers, marketers, and community leaders. If you want to join our team, send your profile or something you've built to: nfteam@gamestop.comā€ + +To analyze the talent they seek and breakdown what the path they may take we need to look into the engineering tools they seek experience and talent within. We also need to understand how programs communicate with each other and the specific standards they programs work within. + +Solidity is a programming language used within the smart contract on E t h e r e u m. Smart contracts are programs stored on the blockchain, and they self-execute when conditions are met. E t h e r e u m developers (not GameStopā€™s developers) create different smart contract standards for others to comply within such as ERC-20 (fungible tokens) and ERC-721 (non fungible tokens). GameStop developers will need to understand Solidity enough to link their program codes to E t h e r e u m. + +GameStop also seeks engineers will talent in React and Python. These tools/programming language will allow GameStopā€™s developers to build the front end dApp (think webpage) to interact with the Smart Contract code to store information within the E t h e r e u m blockchain. dApps are applications that don't exist on the blockchain but rather interact with it. dApps are used to communicate with smart contacts, and by doing that, with blockchain itself. + +GameStopā€™s NFT page indicates that potential GameStop-released Non-Fungible Token (NFTs) will utilize E t h e r e u mā€™s ERC-721 standard. As for the targeted audience for whatever NFT offering that emerges from GameStopā€™s team, an animated image on the GameStop page says ā€œPower to the players. Power to the creators. Power to the collectors.ā€ + +GameStop developers could build applications like CryptoKitty or items like unique accessories in video games and have that stored into the blockchain within the ERC-721 standard. These items will hold a unit of measurement in their own which makes them NFTs. They could also create an ecosystem to allows these NFT units to be forged, combined, or subdivided in their own which can make a collectible game for shareholders and we can trade with each other on GameStopā€™s NFT platform. + +For simplicity think of digital collectibles that have attributes like age and rarity controlled by the parameters that GameStopā€™s developers create. + +TADR: GameStop has already created an ERC-721 standard token, which is used to create NFTs. Expect NFTs to be release on July 14th when the code plumbing goes live on the smart contract. + +If they offer NFTs as dividends or for retail to buy doesnā€™t matter to me. Either way we will see šŸš€šŸš€šŸš€šŸš€šŸ¤™ + +Edit: TADR edited to use more speculative language. +Does any have / recommend having a lawyer on retainer for legal emergencies? I'm not in any kind of regular legal trouble, but I'm wondering if it would be smart to just have one as a form of insurance. + +If something comes up (get arrested for something I didn't do, get into major accident, etc.) I imagine it would suck to have to search through ambulance chasers. Any recommendations? +My bare bones spending (IE Property Taxes, Food, Car, Healthcare, Home) will be about 25k. My Discretionary spending will be around 175 to 225k, so about 250k all together. So less than 10% of my spending will be on things that won't change in the short term. I prefer the flexibility this set up gives me. Especially if I need to scale back during a recession. Also experiences > materials goods to me. + + +Curious to hear what you folks are aiming for? +Do you guys see this as concerning, as if he knows that delta and others are soon going to go bankrupt? Or is he planning on buying back in at a lower price? I wouldā€™ve never expected Warren to make a move like this. + +Edit: This post is to discuss his move and the reasoning behind your thoughts about it. Iā€™m not looking for advice on Delta. +What if there was no GME? Would you still be tired or just be going about your lives like normal? None of us have won anything yet and until thereā€™s phone numbers on the stock price will I even consider quitting my job. + +Now the hard truth is out of the way, we can go into something more uplifting. + +Look at whatā€™s happening to FTX today. Do you think after two years that if they couldā€™ve done that to GME that they wouldā€™ve by now? Thereā€™s absolutely no doubt in my mind that they want this headache to go away with the incessant onslaught of negative articles we get. + +Iā€™ll tell you one thing, we are not losing right now and the short sale % staying very high tells me they are getting more and more fucked by the day. Keep DRSing and letā€™s see how much pain we can inflict on these bastards. + +I might have to buy more today because I just jacked my own tits lol. +Welp. There it goes again. + +This was my post 10 days ago: [https://www.reddit.com/r/investing/comments/tk3mvm/alibaba\_stock\_the\_steal\_of\_a\_lifetime/](https://www.reddit.com/r/investing/comments/tk3mvm/alibaba_stock_the_steal_of_a_lifetime/) + +&#x200B; + +Today, China has announced it is considering giving the US **FULL** audit to Alibaba + +[https://www.bloomberg.com/news/articles/2022-04-01/china-weighs-giving-u-s-full-access-to-audits-of-most-firms?srnd=markets-vp](https://www.bloomberg.com/news/articles/2022-04-01/china-weighs-giving-u-s-full-access-to-audits-of-most-firms?srnd=markets-vp) + +This is huge. This is a game changer. Biggest opportunity of a lifetime. + +&#x200B; + +Delisting is now most likely just fear. China is willing to accept all audits from USA with only a CERTAIN SUBSET of stocks. One of them being Alibaba. China isn't guaranteeing for all its listed stocks but only some. It also means that Alibaba's financials are legitimate enough for China to accept US to audit. +**TLDR:** The U.S. Government has confirmed several sightings of UFO's (possibly aliens). Several government officials have come out and said that U.S. military has had several encounters with physics-defying vehicles. Based off this evidence, defense stocks have a direct relationship with UFO disclosure. I recommend purchasing U.S. defense stocks due to recent UFO activity and human emotions. **PLEASE READ, THIS POST IS VERY IMPORTANT TO ME** + +\--------------------------------------------------------------------------------- + +\*THIS IS NOT INVESTMENT ADVICE. STRICTLY INFORMATIONAL\* + +This is my first time posting on this subreddit. I hope this post can be welcomed with open arms like many other posts on this platform. This is a rather long post but it is definitely the most important one for not only this subreddit but Earth as a whole. I beg of you to take this post as serious as possible as I lay out claims that might not be considered "realistic" by some of you. Again, this is one of the most important issues of our time and I thought that it would be a great way to share this information with you guys since the spread of information on this platform is unmatched. + +The issue that I am referring to above is the growing contact/sightings of possibly extraterrestrial or extra-dimensional beings and crafts on Earth. This is an issue that everyone in the world should be familiar with and allocate their greatest interest in order to find the truth behind this. This post is very unusual compared to the others on this subreddit as most posts are stock market related. However, I promise that I will show the intersectionality between this global issue and finance throughout this post. + +I first began to become interested in this issue in December of 2020 while quarantined in South East Michigan when the former Israeli space security chief, Haim Eshed, announced to the Jerusalem Post that aliens are indeed real. He later stated in the interview with the reputable news source that extraterrestrials from distant planets are engaged in a "Galactic Federation" where important policies regarding issues between civilizations are made. Eshed exclaimed that the United States is in talks with the Galactic Federation and even have American representatives participating in meetings and research with these extraterrestrials in an underground base on Mars. The former space security chief states that the main purpose of the research is to understand "the fabric of the universe". Around this time, America's former president, Donald Trump, established the seventh branch of their military, the Space Force. Haim insists that Trump was briefed and is fully aware of this situation. He even says that Trump was "on the verge" of disclosing their existence, however, he was stopped by the Galactic Federation as they didn't want to cause "mass hysteria" due to the many conflicts we are facing today such as political divide, COVID-19, and degrading international relationships. + +Keep in mind that Haim Eshed is the one of the most credible, reliable, high-ranking, and intelligent individuals in regards to this issue. This would be comparable to if the head of NASA announced that intelligent life from other planets is a reality and that they are in communication with our highest-ranking officials. It is also important to mention that Israel's space agency is one of the best as they are one of only seven countries on the planet that build and launch their own satellites into orbit. Not only that, but Israel and the United States have a very good relationship regarding not only trade but military operations as well. This means that information is without a doubt transferred between the countries' military in regards to warfare and space. You may be asking why Haim Eshed is going public with this reality-shattering information nine years after his retirement in 2011. He claims that a lot has changed in the scientific community and that "if I had come up with what Iā€™m saying today five years ago, I would have been hospitalized". In the end, he stated that he is one of the most respected individuals in the academia setting and that he has "nothing to lose. Iā€™ve received my degrees and awards". Again, this is a man who served for 30 years as head of Israel's space program and is a three-time recipient of the Israel Security Award. + +Here is the original Jerusalem Post article \*PLEASE READ\*: [Jerusalem Post Article](https://www.jpost.com/omg/former-israeli-space-security-chief-says-aliens-exist-humanity-not-ready-651405) + +In December of 2017, the New York Times published an article entitled, *Glowing Auras and ā€˜Black Moneyā€™: The Pentagonā€™s Mysterious U.F.O. Program.* This article was one of the first publications to give an in-depth investigation of the current state of U.S. intelligence about UFO's (unidentified flying objects) or UAP's (unidentified aerial phenomenons) as they are known today by the U.S. Government. In the NYT report, it provides evidence to prove the U.S. Government's involvement in research programs investigating UAP sightings. According to Defense Department officials, included in the $600 billion annual defense budget was a virtually impossible to find $22 million allocation of money to an unknown Pentagon program called the Advance Aerospace Threat Identification Program (AATIP). The program's main responsibility was to examine proof of UAP's provided by various military sources and to determine whether or not it posed a threat to our country. The program was ran by a former military intelligence official named Luis Elizondo on the fifth floor of the Pentagon's C ring. The Defense Department has never acknowledged the existence of this program before and when asked about it recently they said that they shut it down in 2012. However, when the program's backers were asked about it, they confirmed that the Defense Department stopped funding back in 2012 but the program still continued to investigate several more episodes provided by service members until October of 2017 when Luis Elizondo resigned from the Pentagon to protest excessive government secrecy about this issue. + +[New York Times Article \*PLEASE READ\*](https://www.nytimes.com/2017/12/16/us/politics/pentagon-program-ufo-harry-reid.html) + +One of the most fascinating things about this program was the examining of videos showing encounters between these unknown objects and U.S. military aircrafts. Three videos on this subject were published by the New York Times entitled "FLIR1", "GIMBAL", and "GOFAST". The videos were taken by Navy fighter jets belonging to the USS Nimitz and USS Roosevelt. All three of these videos show cockpit display data, infrared imagery, and even audio communications between the pursuing pilots. The UAP's displayed in these videos showed unprecedented and "impossible" aerial maneuvers that is unmatched by any technology present on Earth at this time. One of the fighter pilots, Commander David Fravor, who was part of the F/A-18F team that attempted to intercept the UAPs in 2004, had only this to say to the *New York Times:* ā€œI have no idea what I saw...It had no plumes, wings or rotors and outran our F-18s.ā€ Another fighter pilot witness named Chad Underwood described the movement of the craft as "not behaving by the normal laws of physics". Furthermore, he described the UAP to not be "behaving in a manner thatā€™s predictable or is normal by how flying objects physically move". In addition to this bizarreness, all the pilots involved stated that the crafts didn't produce a heat signature, fumes, or even a propulsion system. Overall, these crafts can only be labeled as otherworldly as they clearly aren't capable to be developed by our current standards of science and innovation according to these pilots and other significant figures in the scientific community. + +["FLIR1" Video Evidence](https://www.youtube.com/watch?v=lWLZgnmRDs4) + +["GIMBAL" Video Evidence](https://www.youtube.com/watch?v=2TumprpOwHY) + +["GOFAST" Video Evidence](https://www.youtube.com/watch?v=VUrTsrhVce4) + +Although these videos showed compelling evidence of extraterrestrial existence, it still was not confirmed by any government officials to be raw and genuine footage. Some of the videos actually surfaced on the Internet as early as 2007, as they were being passed around in various website forums. It wasn't until September of 2019, when a spokeswoman of the Pentagon confirmed that the released videos were in fact 100% real and recorded by Navy aviators. She also added that this was "part of a larger issue of an increased number of training range incursions by unidentified aerial phenomena in recent years." This was one of the first incidences of the U.S. Government confirming that unknown and physics-defying air crafts have entered U.S. airspace. + +[Confirmation of Video Authenticity by Pentagon Representative](https://www.cbsnews.com/news/ufo-video-authenticity-pentagon/) + +More recently, in April of 2021, a new video published by [Mystery Wire](https://www.mysterywire.com/) showed yet another case of an unidentified aerial phenomenon. The video took storm on the web and showcased a swarm of pyramid shaped aircrafts hovering over a U.S. Navy destroyer in night vision. The UAP's flashed with bright lights and performed physics-defying maneuvers. Additionally, what stood out about this incident was that the crafts were "transmedium" vehicles, meaning that they could transition from air to water seamlessly. Also, three photos supposedly taken by Navy fighter jet pilots displayed three different shaped UAP's. The objects the Navy Personnel captured on his iPhone included a "sphere", an "acorn", and a "metallic blimp". Although the video clip and photos originally didn't seem to standout from the other UFO videos found on the Internet, it wasn't long for a spokeswoman from the Pentagon to confirm the authenticity of the video and photos. Susan Gough, the spokesperson for the Pentagon said that, ā€œI can confirm that the referenced photos and videos were taken by Navy personnel. The UAPTF has included these incidents in their ongoing examinations.ā€ As you can see, this is an ongoing issue that most likely happens very frequently. It wasn't until now that the people of America can really see what secrets the U.S. Government is hiding from its citizens. + +[Confirmed Pyramid UAP Video](https://www.youtube.com/watch?v=h3zpqQJYinc) + +["Sphere" UAP Photo](https://www.nxsttv.com/nmw/wp-content/uploads/sites/107/2021/04/Sphere.jpeg?w=900) + +["Acorn" UAP Photo](https://www.nxsttv.com/nmw/wp-content/uploads/sites/107/2021/04/Acorn.jpeg?w=900) + +["Metallic Blimp" UAP Photo](https://www.wtrf.com/wp-content/uploads/sites/25/2021/04/Metallic-Blinp.jpg) + +[Pentagon Confirmation Article](https://www.cnn.com/2021/04/15/politics/unidentified-aerial-phenomena-defense-department/index.html) + +Now you may be asking yourself "what happens now?" Well in last years' gargantuan $2.3 trillion appropriation bill that was mainly for COVID-19 relief aid for millions of Americans, contained a rider that was provided by the Senate Intelligence Committee. For anyone that doesn't know, a rider is when an additional provision is added to a bill while having little to do with the main subject matter of it. In this case, the rider mandated that the director of national intelligence works with the secretary of defense on a report to detail everything the U.S. Government knowns about UAP's. The small provision in the 5,500+ page bill also warranted that the report be released within 180 days of the bill being signed. Donald Trump signed the bill on December 27th, 2020 so that means that UAP disclosure should be released in early June. Some speculate that this report will contain all the secrets the U.S. Government has regarding unidentified aerial phenomenons while other say that they will only release the minimum amount of information in order to be labeled as a "UFO report". What do you think? I'd love to hear your opinion! + +[UFO Disclosure Article](https://nypost.com/2020/12/29/covid-19-bill-started-a-180-day-countdown-for-ufo-disclosures/) + +While this is potentially one of the greatest ongoing issues in human history, I'd like to take a minute to fulfill my promise of connecting this global issue to the stock market. All the evidence I provided were confirmed by some of the highest-ranking individuals on this planet. This means that there is a high probability of similar events occurring in the near future. These events could be increased UFO sightings, more government confirmations of UAP encounters, or even extraterrestrial contact. Overall, what is absolutely certain if any of these events take place, is the growing awareness of extraterrestrials/extra-dimensional beings by the general public. Based off human emotion, people will not take this news lightly. I truly believe that many humans will panic after hearing the startling news of unknown crafts traveling over their countries airspace without their country's military able to do anything about. People will instinctively go into a defensive state meaning that they will purchase more weapons like guns, knives, and ammunition. Some people will most likely even commit suicide due to the feeling of insignificance and defenselessness by this devastating news. Additionally, there will be a massive pushback against the U.S. Government because of this unprecedented and excessive government secrecy regarding this issue. Most likely the government will stay intact and billions of dollars will be put into the military as it is the only structured organization that can defend against this off-world threat. However, this will be the start to a new concept of what us humans call life. + +What I stated above sounds absolutely horrific, however, our species need to recognize the fact that we may not be alone in this universe. New information we find on this issue will happen inevitably, it is more of a question of when. Investing in military defense stocks like Lockheed Martin ($LMT), Raytheon ($RTX), and Boeing ($BA) will be a great long term investment because I hypothesize that this situation is caused by only three scenarios. The first scenario is that there are extraterrestrials/extra-dimensional beings navigating the UAP's shown in the evidence above. The second scenario is that one of our country's nemesis like China or Russia has technologically leaped frogged us and created aircrafts that has defied our current understandings of physics. The final scenario is that the U.S. military has developed these crafts and in an attempt to keep our rivals from figuring out this information, they made a massive effort to hide it from the general public. All three of these scenarios ultimately conclude with the U.S. military's capabilities being expanded along with a giant budget increase. Higher budget means more money for big military companies like the ones stated above to develop cutting edge technology for the government. Again, whether this happens in June when UFO disclosure is released or 10 years from now when aliens make contact, this is an asymmetric trade meaning that the potential gains of buying defense stocks FAR exceed the potential losses. + +Now if you can take one thing from this post, it is that information is ESSENTIAL. What the U.S. Government has held from its people, is the greatest intelligence failure in United States history. This global issue affects us all significantly and as people of Earth, we deserve to have this information told to us in full. + +\--------------------------------------------------------------------------------- + +**Resources:** + +**THESE RESOURCES ARE STRICTLY FOR OBJECTIVE PURPOSES ONLY, NOT POLITICAL** + +[r/UFOs](https://www.reddit.com/r/UFOs/) \- UFO/UAP Sightings posted every single day + +[Retired Navy Commander David Fravor Describes his Encounter](https://www.youtube.com/watch?v=ZA-h3dIeD_A) + +[Former Defense of Intelligence Official on Public UFO Findings](https://www.youtube.com/watch?v=FTdCDfEu6x0) + +[Senate Majority Leader Harry Reid Proving Luis Elizondo was Head of AATIP](https://pbs.twimg.com/media/Ez8o2MIVEAM3pzb?format=jpg&name=large) + +[Luis Elizondo Interview on U.S. Intelligence Failure](https://www.youtube.com/watch?v=1MbJpTQD2Uk) + +[Luis Elizondo Interview on U.S. in Possession of UFO Debris](https://www.youtube.com/watch?v=Z7-DhPCG_II) + +[Former Director of National Intelligence Speaks Out On UFOs](https://www.youtube.com/watch?v=iNLCfSnJDgs&t=2s) + +[In-Depth Breakdown of "FLIR1" Video](https://thevault.tothestarsacademy.com/2004-nimitz-flir1-video) + +[In-Depth Breakdown of "GIMBAL" video](https://thevault.tothestarsacademy.com/gimbal/tag/Tom+Delonge) + +[In-Depth Breakdown of "GOFAST" Video](https://thevault.tothestarsacademy.com/2015-go-fast-footage) +Looks like fidelity is transferring $GME to computershare superfast while most other brokers are using delay tactics, which makes me wonder. Is it that most other brokers don't have actual shares and scrambling to buy when apes request DRS, while Fidelity readily has shares available? +This man on Twitter (algotrading), who called a shot on Terra Luna. He was stuck with his 8 figs fortune on FTX a few days ago. + +Last night, he posted on Twitter (already deleted) asking if someone would help him KYC so he could withdraw his assets. In return, you would receive $100k. It turns out after 1 hour or so (I was there), he was KYC'd. The process he said was stupid. + +&#x200B; + +https://preview.redd.it/kjj2dzsjpaz91.jpg?width=1208&format=pjpg&auto=webp&s=ac0893778f9bdd1d659b33464dd3c63fec25ffe9 + +&#x200B; + +https://preview.redd.it/h0t4vndkpaz91.jpg?width=1204&format=pjpg&auto=webp&s=0b94f4a0bd17aa5d300ac25e7d474b8721ad5e96 + +After that, he would allow to withdraw all the assets. + +&#x200B; + +https://preview.redd.it/207j4a4mpaz91.jpg?width=535&format=pjpg&auto=webp&s=5f54a188dca8b777f859ee04521d14295900de69 + +According to MacnBTC (on Twitter), AlgodTrading bought a Bahamian KYC to do just that. From Cobie, it seems this is our man. + +https://preview.redd.it/kad2nx85qaz91.png?width=1033&format=png&auto=webp&s=c9ce8f48f7eff3d81b572e8372fd212b91b07e51 + +From what's happened so far, if you have a deep pocket on FTX, you might have to pay 5-6 figs to FTX employees to get this privilege. And our man Algodtrading himself always appear to be the guy who abides the law now is doing the opposite. And it seems (from MacnBTC), this man used to shill BSC shitcoins and dumped on others. + +What a joke! +Weā€™re Newlyweds and wondering what we should do about our paychecks. Either we split it into separate accounts. Or have it deposited into a shared account. + +Weā€™re just wondering what would be benefits for people who are currently doing the shared and not doing the shared. Any other couple finance advice or tips are welcome as well. Thanks! +Hi, can someone help me understand more about why my parents refuse to put my wife and I as custodians on our kids 529? Iā€™m reading a little about how the funds are included in their assets so it will impact them with relation to Medicaid. Would it benefit them or hurt them to keep it in their name FBO my child? +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. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +Banner Contest is live! 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* +Is it silly to pay off a 0% loan early? + +Iā€™m 3 months into a 20 month plan at Ā£100 a month (Ā£2000) overall. I have full time secure job and savings that comfortably cover the Ā£1700 remaining on the account. My OCD is saying pay off the loan but my mind is telling me to just ride it out and make interest (as small as it is currently) off the money. + +Whatā€™s your thoughts? + +Edit: Decided to pay balance off in full this morning. No charges to pay and a really nice feeling knowing Iā€™m now completely debt free barring my mortgage +Hello, I'm looking for help understanding repos, particularly in context of the open market operations by the Fed. + +Wikipedia says that it's a repurchase agreement. One party sells securities (US Treasury bonds?), and agrees to buy them back later, at interest. So that means the temporary buyer pays $1000 for example, but gets that $1000 back with interest? + +Wikipedia also says the Fed Reserve uses repos to temporarily create money. So.. who is selling the security and who is the buyer? + +What's the purpose of a repo? + + +edit: found this: +>The Fed's goal in trading the securities is to affect the federal funds rate, the rate at which banks borrow reserves from each other. When the Fed wants to increase reserves, it buys securities and pays for them by making a deposit to the account maintained at the Fed by the primary dealer's bank. When the Fed wants to reduce reserves, it sells securities and collects from those accounts. Most days, the Fed does not want to increase or decrease reserves permanently so it usually engages in transactions reversed within a day or two. That means that a reserve injection today could be withdrawn tomorrow morning, only to be renewed at some level several hours later. These short-term transactions are called repurchase agreements (repos) ā€“ the dealer sells the Fed a security and agrees to buy it back at a later date. + +Ok that's clear enough. What I don't understand is whether the Fed has the power to forcibly sell and buy. What if a bank doesn't want to go along with the Fed? What is the power structure like? + +Which banks have accounts at the Fed? Does a local credit union have an account? Does bank of America? +With all the operations the Fed does to a bank's reserve account, doesn't that affect how much the bank can loan out, as their total lending ability is limited by fractional reserve ratios? + + + +Thanks for the help! +Question as per title - has your frugality affected your friendships, romantic relationships or even relationships with your family? + +By that I mean e.g. have you turned down events or meals at expensive restaurants to save? Have you chosen to live further away from them or moved back home to save on costs? Has your family/friends commented on your saving habits and, if so, positively or negatively? +Isnā€™t it weird when you speak to some old trader who seems to know how to make money over their life span.. + +Or an intelligent person who keeps up with whatā€™s going on.. + +Or someone who literally works in finance.. + +And you realise they donā€™t know fucking anything about whatā€™s going on? + +Itā€™s almost as if they are all watching the same clock face tick along + +Then thereā€™s people invested in GME, they seem to be looking at the back of the watch, watching the mechanics move. + +I am not saying I know much, I just find it interesting when you talk to anyone, basically anyone outside of this sub about things and realise they donā€™t know or donā€™t want to believe the whole thing is a fucking sham. + +Even when you donā€™t understand the DD in here, just knowing it exists means more to what I can try to learn vs what smarter people choose to ignore. + +Itā€™s great. + +Ps not financial advice but DRSā€™d shares are sexy +As a teenager I'm sad because I can't buy as much as most people, so if it goes up I won't make make that much, I'm not sure if the price will ever be as low as 22k. Now I'm just going to use most of my savings to buy more btc. It's not like it's the end of the world for me if I do it, in my opinion holding cash is much worse right now anyway because of inflation, money will be worth nothing at least where I live. +What do you guys think if I tell you that I have worked 8 years for a industry (bakery) as a cashier that never gave me vacation/sickness or any benefits? Itā€™s like those 8 years didnā€™t exist. So I quit and I am feeling so overwhelmed... but I am focusing on finishing my microbiology degree to then be an epidemiologist. Iā€™m on my last semester, Iā€™m just feeling all on my shoulders needed to scream so here I am. +As the title says. + +I don't care about the "yay, Segwit" cheering, or the "Bitcoin Cash & Segwit2X, boo!" hatefest. I just want actual information that will help me use the fucking thing. + +Lots of cheering Segwit, just because it's "activated", even though none of us can seemingly actually *use* it right now (no, I am not interested in crafting a transaction by hand, I want some software that will be doing this for me). + +What's the info on any wallets that currently support it or will soon support it? What's the ETA on any such? Has anyone contacted wallet developers, exchanges, what do they have to say, when can we expect support? + +*That's* the information that would be useful to have, where a thousand cheering posts about how victorious we are mean nothing. + +Thanks in advance. +Seems to be a lot of confusion as to how/why/when trading was halted for GME this morning. Hereā€™s what we know: + +&#x200B; + +* Trading was halted by the NYSE on GME. The reason cited on [https://www.nasdaqtrader.com/Trader.aspx?id=tradehaltcodes](https://www.nasdaqtrader.com/Trader.aspx?id=tradehaltcodes) was trade halt code ā€œMā€ **which just means high volatility.** +* No, brokerages arenā€™t the ones who halted. The exchange itself did. +* It lasted for 5 mins from 9:37 am ET to 9:42 am. +* At the time, GME was quickly rising and about to break the $200 barrier. +* EDIT: forgot to add, when the halt happened at 9:37 GME was on its way down around $189, but the rise up could have been what triggered the halt. +* According to [https://www.warriortrading.com/circuit-breaker-halts/](https://www.warriortrading.com/circuit-breaker-halts/), ā€œAny [stock](https://www.warriortrading.com/stock-definition-day-trading-terminology/) in the market can get halted at any time. The two most common reasons a stock will be halted is Pending News, or for a Volatility Pause. When a stock is [halted](https://www.warriortrading.com/circuit-breaker-halts/) it cannot be traded by anyone.ā€ +* After trading resumed, the stock went on sale again below $180. + +I donā€™t think itā€™s wise to dwell on it and speculate. Letā€™s slurp up the dip and keep the party going. + +EDIT: If the $510 screenshots are real, then that's obviously the price action that got GME halted. Stranger things have happened, but the thesis is still the thesis: Buy, Hold, DRS. Shorts must close. + +EDIT: I wrote this before seeing the $510 posts. This post was just a gathering of publicly available facts. But i stand by my belief that people shouldnā€™t lose their cool over every little trading halt because thereā€™s going to be a lot more coming if we see the price action weā€™re hoping for. However I wouldā€™ve worded it differently had I seen the $510 posts. Thatā€™s some crazy stuff and the SEC needs to see it. + +This is not financial advice. I just finished eating a crayon and my dog doesnā€™t respect me. +I bought a small item on eBay, value is about Ā£9. It didnā€™t arrive and after 4 weeks I contacted eBay and I eventually got a refund. Of course, one day later the item came. The seller never got his money. + +Iā€™m considering sending the money back to the seller, but Iā€™m not sure about the best way. There doesnā€™t seem to be a way through eBay. Shall I just contact them and ask for their PayPal? I just want to make sure I donā€™t open myself up to any risks of fraud or something. + +Any advise is appreciated. + +Update and ETA: changed 2 weeks to 4 weeks for accuracy. + +Thank you everyone!! + +Have messaged the seller, they were appreciative and asked for Ā£5, Iā€™ve paypaled them that. Letā€™s see if eBay bans me or if they will try to claim again through eBay. +The reason why this is the final update is because we know his position and can easily calculate his portfolio value. The man is all in. We know he's not going to sell early. He never would have bought another fucking 50,000 shares for a cool $7M to top off his perfect portfolio. At this point, he's with us and always will be. That was the message of his last tweet referencing Fast 7. + +We have read all the DD. We see the transformation. We believe. $GME will forever be a deep fucking value. + +šŸ’ŽšŸ™Œ šŸš€ +The reason why this is the final update is because we know his position and can easily calculate his portfolio value. The man is all in. We know he's not going to sell early. He never would have bought another fucking 50,000 shares for a cool $7M to top off his perfect portfolio. At this point, he's with us and always will be. That was the message of his last tweet referencing Fast 7. + +We have read all the DD. We see the transformation. We believe. $GME will forever be a deep fucking value. + +šŸ’ŽšŸ™Œ šŸš€ +ā€¢ Total company non-GAAP revenue for the fourth quarter of fiscal 2021 was $215 million. Total company +GAAP revenue for the fourth quarter of fiscal 2021 was $210 million. + +ā€¢ Software and Services non-GAAP revenue for the fourth quarter of fiscal 2021 was $165 million. Software +and Services GAAP revenue for the fourth quarter of fiscal 2021 was $160 million. + +ā€¢ Licensing and Other GAAP and non-GAAP revenue for the fourth quarter of fiscal 2021 was $50 million. + +ā€¢ Non-GAAP gross margin was 73% and GAAP gross margin was 72%. + +ā€¢ Non-GAAP operating earnings were $18 million. GAAP operating loss was $313 million, primarily due to +fair value adjustments to long-term debt, as a result of market conditions. + +ā€¢ Non-GAAP earnings per share was $0.03 (basic and diluted). GAAP net loss per share was $0.56 (basic +and diluted). + +ā€¢ Total cash, cash equivalents, short-term and long-term investments were $804 million. + +ā€¢ Net cash generated from operating activities was $51 million + +https://www.blackberry.com/content/dam/blackberry-com/Documents/pdf/financial-reports/2021/q4y2021/q4-fy21-earnings-press-release.pdf +I'd like to hear from the community and what they wish they knew when they first started trading and wanted to share some of mine. + + +1I wish I was taught price action when I first started trading, fully learning it has helped me a lot in where I am today with my trading. I used to be mr 10 indicators all over the screen giving me conflicting signals, etc. / + +Making my charts clean and focusing on price action (+ fibs) has really propelled my trading. + + +2. Another huge one is the MENTALITY that is brought to trading, as well as emotion management/regulation. My first mentor never taught me about all the greed, revenge trading, fomo (jumping in early, not waiting for confirmation), fear, etc that can affect us as trading. Thankfully I spent quite some time doing extensive research and created a working system to assist in this. + + +3. DON'T TRADE EARNINGS. Earning reports are 99% (in my opinion). Especially when you're trading options and knowing about IV crush and the GREEKS. + + +4. It's ok to paper trade as you learn the ropes. As I was learning I was using my real money, my first account I started with 200, doubled it to 400 in a week, then added 1000, and shredded $500. There isn't a need to pay the market tuition as you learn. + + +What are some things you wish you learned when you first started trading, and have you improved, or are you still struggling with them? +I typically scalped $AMD, $CSCO, and $ORCL. In my experience, they have enough volatility and low price to scalp effectively, and stable enough to return higher if a position goes against me. + +Are there other stocks you recommend that are predictably volatile but overall stable? Particularly with the recent uncertainty in the market. + +Thank you. +I'd like to hear from the community and what they wish they knew when they first started trading and wanted to share some of mine. + + +1I wish I was taught price action when I first started trading, fully learning it has helped me a lot in where I am today with my trading. I used to be mr 10 indicators all over the screen giving me conflicting signals, etc. / + +Making my charts clean and focusing on price action (+ fibs) has really propelled my trading. + + +2. Another huge one is the MENTALITY that is brought to trading, as well as emotion management/regulation. My first mentor never taught me about all the greed, revenge trading, fomo (jumping in early, not waiting for confirmation), fear, etc that can affect us as trading. Thankfully I spent quite some time doing extensive research and created a working system to assist in this. + + +3. DON'T TRADE EARNINGS. Earning reports are 99% (in my opinion). Especially when you're trading options and knowing about IV crush and the GREEKS. + + +4. It's ok to paper trade as you learn the ropes. As I was learning I was using my real money, my first account I started with 200, doubled it to 400 in a week, then added 1000, and shredded $500. There isn't a need to pay the market tuition as you learn. + + +What are some things you wish you learned when you first started trading, and have you improved, or are you still struggling with them? +Not ashamed to to say it but I blew up my account shorting FNGR last week, I kept holding for it to come down since it was way over extended on the daily with an RSI near 97 but it kept going and I got liquidated in the AH + +I worked really hard to grow my account over the past 4-5 month and it got wiped out in 1 day + +Iā€™m extremely depressed, demotivated and donā€™t have the drive I had, I love trading but starting over is really tough, feel like Iā€™m in a dark hole that I canā€™t get out of + +Any advice from experienced traders who blew up their account and had the motivation to make a come back? + +Edit: for those asking to put stop loss, I donā€™t like using stop loss since I e always lost money using it and the trade reversed going my way + +I have 4x my account using this strategy in 3 months of hard work without stop loss because I was confident in my trade but FNGR was a rare weird short squeeze that donā€™t see often continuous green days and low volume pumps shouldā€™ve been my first clue, unfortunately I got caught in it and got wiped out + +Thanks everyone for their answer +Personally, I think a lot of it is just that no one knows who this sub is really for. Is it for indexers to talk about John Bogle? Is it for value guys to discuss fundamental analysis? Is it a place to help newbies plan their 401K? + +It seems like the scope might be too broad, and taking steps to narrow it might dramatically improve discussion. + +What else might we do? + + +[https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=2741701](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2741701) + +For those of your wondering what the hell to do now, I introduce you to a new unsung hero Michael Gayed. Michael has found a way to systemically outperform the S&P 500 by over 3x while taking on less risk and it's an extremely simple investment strategy. + +Everyone says that triple leveraged ETFs have volatility decay and are not meant for long-term holding. Well guess what, those people are idiots. Let's look at the data: If you invested in UPRO using this guy's simple strategy, backtested all the way back to 1928, you would have returned 27% CAGR while the S&P did 9% and by taking on half as much risk (0.6 Sharpe ratio for this strategy vs. 0.3 for buy & hold. + +The rules are simple, if the underlying index closes below the 200 day moving average, you sell. Once it crosses back above the 200 MA, then reenter. That is it. **Investing $10k in 1928 with this strategy would have returned $28 TRILLION (with a T) while the S&P would have returned $39 million.** + +The reason this works is because of the lack of volatility above the 200 MA, and higher volatility below the 200 MA. + +Enjoy the sweet taste of compounding returns my friends because this is a ticket to an early retirement. + +TLDR: Read the damn paper. +Let me start by saying that I know this is such a non-issue, especially in todayā€™s climate but Iā€™m having a bit of existential crisis, maybe itā€™s the lockdown. + +I have just finished my degree at 29. I have been with my partner a few years and we would like to start a family, not right away, but I feel my clock is ticking, especially if want to give my child a sibling. + +I have a job in the sector but I will need to work for a few years to get to where I want to be, and I chose it due to the high earning potential. But that means taking maternity leave when I hardly know what I am even doing yet, which will undoubtedly set me back in my career, before I have really even started. I also wonā€™t reach the high salary that I spent the past years studying for. + +So then Iā€™m thinking wait a few years and get more set up in my career, but then Iā€™m running the risk of fertility issues. + +I donā€™t know, I just wanted to get this off my chest, my friends have been working for years so they donā€™t understand. I was wondering if any women (or men) have found themselves in similar situations? Is anyone else feeling the pressure to settle down before they are ready? Can anyone shed a light on what its like returing to work after maternity leave. + +\*\*Edit: Thnak you everyone for the replies, its comforting to know that I am not the only one in this situation. As a few commenters noted its best to decide whats most important in life, career or family. I do want a family more so I will be discussing this with my parnter. Another user also said that I will have another 30 years to build on my career, this also put things into perspective for me. + +Thank you all again, you have honestly made me feel better! +The monthly chart on AAPL is hideous. Itā€™s been pretty much a nonstop decline. Theyā€™re just coming off an amazing quarter. Leadership hasnā€™t changed. New services, new hardware coming (AirTags, AR, car??) and the selling stays unrelenting. For a growth stock they pay a nice dividend too. + +Iā€™ll admit today I bought a bunch of June 18 $125 calls. Already down like 3k on them, which sucks. I just donā€™t see how we canā€™t get a small bounce back to $120s in the near future. What do you guys think? +Hello! Sorry if this isn't the right place for this. I'm lost and don't know what to do. + +I work security. Recently the company I work for got bought out by a different security company, and since then me and my coworkers have had nothing but issues. +I'm currently missing two paychecks. One is a two week check from about a month ago which I was supposed to get from the company that got bought out. The other is the most recent paycheck from the new company. I've gotten my last paycheck with the bought out company, but not the one before. The new company is also only paying me for 32 hours instead of 46. +My coworkers are also being shorted on their hours, and my boss can't get through to anyone in the new company. + +My question is what can I do now? Do I call a lawyer? I'm already looking for a new job, but there are no decent jobs in my area unfortunately. +I've already had to borrow money from friends and I'm now behind on bills because of this. +**Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.** + +*** +- + +###Disclaimer: + +Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. + + +**Please be careful about what information you share and the actions you take.** Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. + +*** +- + +###Rules: + + - All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply in this thread. The prior exemption for karma and age requirements is no longer in effect. + - Discussion topics must be related to cryptocurrency. + - Behave with civility and politeness. Do not use offensive, racist or homophobic language. + - Comments will be sorted by newest first. + +*** +- + +###Useful Links: + + - [**Beginner Resources**](https://www.reddit.com/r/CryptoCurrency/wiki/beginner_resources) + + - [**Intro to r/Cryptocurrency MOONs šŸŒ”**](https://www.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) + + - [**MOONs Wiki Page**](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki/) + + - [**rCryptoCurrency Discord**](https://old.reddit.com/r/CryptoCurrency/comments/kth255/join_the_crypto_currency_discord/) + + - [**r/CryptoCurrencyMemes**](https://www.reddit.com/r/cryptocurrencymemes) + + - [**Prior Daily Discussions**](https://old.reddit.com/r/CryptoCurrency/search?q=title%3A"Daily+Discussion+-+"+&restrict_sr=on&sort=new&t=all) + + - [**Monthly Skeptics Discussion thread**](https://www.reddit.com/r/CryptoCurrency/comments/n26p85/monthly_skeptics_discussion_may_2021/) + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[šŸ“š Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“š Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ’” Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[šŸ“ˆ Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [šŸ—£ Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [šŸ¤” Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ’» Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“° News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ¤” Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ‘½ Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“³ Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [ā˜ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL šŸ’ŽšŸ™Œ](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[šŸ“£ Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [šŸ“† Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ† AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸšØ Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ“– Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [šŸ”” Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [āŒš Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [šŸ„“ Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"šŸ’» Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Sorry, if this thread isn't the best put together, I'm feeling incredibly flustered. I have no idea how any of this works. This is the first time in my life I haven't just been given a piece of paper, handed it to someone else, or put it into turbotax, and gotten a check in the mail. + +I have been doing Door Dash since May 11, 2020. I've been using the Stride app to (poorly) track my miles and accurately track income. Until the last 2 lean weeks, I had been putting 30% of my paycheck directly into a savings account. + +I've been given conflicting messages from two different tax preparers, one saying I Need to file immediately but not with them because they're backed up, and another saying I filed my 2019 taxes and don't need to pay quarterly. + +I went online to find help and the government site had this jargon-filled multi-chapter pdf on how to do it. It tells me to estimate my taxes based on my 2019 return, but that seems wrong, because last year I was making pizzas for less than 18k per year, and this year I have to withhold my own taxes and have made 6k gross since May 11. + +How can I figure what I owe? Can I not just cut the IRS a check for 30% of my adjusted gross and call it a day? Why is this like rocket science to me. Any help would be greatly appreciated. + +&#x200B; + +Edit: I've filed my 2019 return in February. I'm flustered because I keep getting emails and notifications that I have to pay quarterly taxes because I'm now apparently an independent contractor and have to pay taxes for the quarter ending June 2020 by july 15, 2020. I've had conflicting info from two local tax preparers, one saying I have to pay my quarterly on whatI've earned May-June 2020, and another saying not till next year. +[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/) + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 tradeā€“ then this is for you + +# šŸŸ£ [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) šŸŽƒšŸ¦ + +>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! + +šŸ“ā€ā˜ ļø [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/) +https://www.cnbc.com/2019/07/11/the-fed-chairman-says-the-relationship-between-inflation-and-unemployment-is-gone.html + +>ā€œThe relationship between the slack in the economy or unemployment and inflation was a strong one 50 years ago ... and has gone away,ā€ Powell says. +> +>ā€œAt the end of the day, there has to be a connection because low employment will drive wages up and ultimately higher wages will drive inflation, but we havenā€™t reached that point. In many cases, that connection between the two is quite small these days,ā€ the Fed chief says. +Or at least used to thrive off of privacy now that there are things like KYC on almost every centralized exchange. + +But still, no centralized exchange will ever be as bad as Facebookā€™s Meta. + +I despise them. They steal our private info to sell to companies for ad targeting. + +Watch how the market will start getting littered with ads (even ones unrelated to crypto) once Meta starts monopolizing the crypto space. + +I think the only way to avoid this would be through allowing publishers to monetize without ads through usersā€™ processing power. Networks like Gather are already doing that so lets hope this swerves away companies like Facebook and Google. +We have missed out recently on a few rental properties that we applied for and the agents simply are saying that there are lots of applications and the landlord decided to go with someone else. + +We are a couple both work full time with stable jobs and above-average income, no pets and no kids. When I call the agents they tell me there is no red flag on our application just that there is lots of demand. However, regularly I see hardly anyone else at the inspections I go to so something doesn't add up. + +Landlords - do you find that people regularly bid higher than the advertised rent? So far we have just put in applications for the rent as advertised. +Hello all. I've been doing a lot of thinking and planning for my future of late and just wanted to ask you this question - do you think having a savings rate of $5000 per year a reasonable amount or is it too low? + +Just to give you a bit more context - +I'm 31 years old, single, healthy and don't plan on getting married or having kids, I earn $25k per year + a little bit extra here and there from freelance jobs( not much, maybe a third of my annual income) I'm expecting to retire around 67. I have some money in my super but not much. I don't really care about owning a home and I don't care about having a lavish retirement I just want to be able to live comfortably in my old age. + +Do you think I would be able to retire comfortably with a savings rate of $5000 per year? If not, why? What would you reccomend instead? + + + +I'd really appreciate any advice. Thankyou +Itā€™s almost as if trillions of dollars pouring in from the mining boom was a bad thing. Surely it must be close to reverting back to its normal growth rate prior to the boom. +If this isn't r/ausfinance related enough feel free to remove. + +Currently living in lower North Shore area but need to move soon and wondering if we just decide to live where we want to live and just assume the public school in the catchment area will be fine or do a bit more research and look for a 'good school'? Not really sure how to go about that though... + +I know you can find rankings for schools based presumably on academic scores which I could consider but what are some other factors? Size of school? Demographic of local area? Extra-curricular activities? + +My hope for his primary school education would be that he most of all has fun going to school, makes good friends, builds strong social skills and develops a love of learning and genuine curiosity. Good grades would be nice and an option to apply himself to try and get into a selective school if he shows promise would be good too. I do feel a great sense of responsibility to try and teach him these things myself, knowing how limited the quality of public schooling in reality might be, so in some sense probably just wanting to avoid any major red flags in the school which could jeopardise the above. + +Also, do you walk your kids to school? School drop off and pick-up looks like a nightmare if you drive. + +And what happens when they finish at 3PM? Both parents are working but I guess one of us could finish early but how do most parents manage this? What if both parents have to work until 6PM? Surely after school care spots are limited. + +NB: Just interested in public schools, not private. +It may not be as exciting as ice cream and Wu Tang Clan, but I have spent a bunch of time recently to independently verify the existence of check digits in the CS account number. I wasn't sure it would even be necessary to post this update, as it appears most people have already accepted this as fact. However, I see multiple users daily (often in the account number posts by /u/stopfuckingwithme) who like to pipe in with "mod 11 is fud" and "mod 11 has been proven false", etc. So if there's any doubt in your mind regarding the existence of check digits in CS account numbers, or you just enjoy the minutiae of account number generation theories, by all means, please read on. + + +Recently, I made [this post](https://www.reddit.com/r/Superstonk/comments/q7p39o/convincing_evidence_that_the_final_digit_in/) in which I showed convincing evidence for Computershare using a mod 11 algorithm to assign a check digit to each new account number. This post built on previous work by numerous other apes; my contribution was to test the application of this algorithm by opening multiple new positions in another non-GME security to see what account numbers were assigned and verify against the theorized algorithm. + + +Briefly, the results of this small experiment suggested the following conclusions: + +- the full 10 digit accounts ~~are not sequential~~ do not increment by one with each subsequent account number. (edit: in other words, GME accounts do not increment by one like C0000420690, C0000420691, C0000420692, etc. Thus not all potential account numbers from 1 to 640,000 are used; in fact only an average of 1 in 10 is used). + +- the digits in the account number minus the final digit DO appear to ~~be assigned sequentially~~ increment by one with each new account, with a check digit assigned as the final number in the account number (edit: for example C000042069x, C000042070x, C000042071x where "x" is the check digit). + +- all three of the assigned accounts [were predicted by the mod 11 algorithm](https://imgur.com/a/6gys5tJ) +The chances of these three numbers randomly fitting the mod 11 algorithm if there actually were no check digit and CS actually were just incrementing account numbers by one is 10^3, or one in 1000. + + +As noted in the previous post, I planned to follow up on this research by creating additional accounts to further verify these findings. Below are the results of this subsequent round of account creation. + + +I made a pair of purchases on Computershare for 8 separate (non-GME) securities, thus creating 16 separate new accounts. + + +[Here is the album](https://imgur.com/a/jh7jJeB) showing all 16 of these new accounts. Note that with each pair, if you assume the final digit is a check digit, the accounts ~~are being assigned sequentially~~ do increment by 1. For example with security #1, the accounts are number 115 and 116. This is in line with what was also demonstrated in the previous post. + +I then plugged each of these account strings (minus the final digit) into Excel and used the [Excel code](https://imgur.com/a/SSD7B0g) provided by /u/krissco and /u/phazei in [this post](https://www.reddit.com/r/Superstonk/comments/q2w98c/drs_reality_check_the_news_you_did_not_want_but/) to generate the expected check digits. + +[Here are the results in the Excel spreadsheet](https://imgur.com/a/zQcGQ2e) + +Column "CHECK DIGIT CALC" runs the Excel code linked above on the account number string minus the last digit. +Column "ACCT NUMBER - CONCATENATED" concatenates the calculated check digit onto the end of the number string. Then I compare the results against the full account number as provided by Computershare. + +The excel code of this mod 11 algorithm predicted EVERY SINGLE CHECK DIGIT. **16 out of 16**. The chance of these numbers all fitting the mod 11 algorithm and CS actually not using a check digit is one in 10^16 or 1 in 10,000,000,000,000,000. That's one in [**10 QUADRILLION**](https://en.wikipedia.org/wiki/Power_of_10). + +I think we can put this to rest now. This is the algorithm that CS uses to assign account numbers. + +If you have an account number that you don't think fits the algorithm, PM or send me a chat request and we can work through it. I had a nice chat with one user yesterday who was just looking at the wrong place and only was seeing the last 4 digits of their account number. We sorted it out. I've talked to numerous others who were making math mistakes in one place or another with their calculations. + +tldr: the mod 11 algorithm was shown to be accurate for 16 of 16 account numbers generated. It can be assumed with an incredibly high degree of certainty that there are ~64,000 GME accounts on Computershare as of ~ 1 day ago (does not include of course all purchases that have not yet cleared or transfers that have not yet gone through). +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. +Bill Gates was just interviewed by Erik Schatzker because he's at the Annual +Banking and Financial Conference in Boston talking about his foundation's +initiative to help the unbanked. A couple minutes in this question gets asked: + +**Schatzker**: Some of what you just described, the need to move money from place to place, +the cost of doing so, the overhead as you put it makes me think, believe it or not, +of Bitcoin because some people have said, "Hey Bitcoin is the answer to those +problems". Are you a believer? + +**Bill Gates**: Bitcoin is exciting because it shows how cheap it can be. Bitcoin is +better than currency in that you don't have to be physically in the same place and +of course for large transactions currency can get pretty inconvenient. The customers +we're talking about aren't trying to be anonymous. You know they're willing to +be known so the Bitcoin technology is key and you could add to it or you could +build a similar technology where there's enough attribution that people feel +comfortable that this is nothing to do with terrorism or any type of money laundering. + +Thanks to one of our CEOs here's the link: http://www.bloomberg.com/video/bill-gates-bitcoin-is-exciting-because-it-s-cheap-dQ4qHV4~TLSnUIuIRfZBVA.html + + +Good evening PF, + +Before I left work today I noticed an issue with my paycheck; very minor. My stat pay was my old wage, it hadn't been updated to my new wage. My regular pay was fine though. I brought this to my employers attention (small business, 2 employees + owner). I figured since I was already talking to him I might as well ask him why my YTD is no longer on my pay stub when it used to be. + +I asked him this and he became visibly agitated. He told me everything essential is on there. I told him that is fine, I was just wondering if there's a reason it was removed. He became angry. This turned into an argument where I just repeated the above question and he just avoided it. + +It wasn't a big deal at all. I honestly was just curious, I didn't even really care. Now I care. Now I want to know why he's being so shady about it. Am I wrong to be paranoid about this? Is there something shady he COULD be doing by hiding this information? + +I will update with photos of my old vs new pay stubs when I get home. + +EDIT: I live in Ontario if that makes a difference. + +EDIT2: After looking up my provincial laws for what is required to be put on a "Wage Statement" [on the Ontario Ministry of Labour website](https://www.labour.gov.on.ca/english/es/tools/esworkbook/payment.php) it is clear that there is no law saying YTD needs to be on there. The whole reaction is what is weird. + +What is required: + +* The pay period for which the wages are being paid; +* The employeeā€™s wage rate (if one exists); +* The gross amount of wages ā€“ before taxes and other deductions ā€“ and how it was calculated (unless the employee is given the information in some other way, as in an employment contract); +* The amount and purpose of each wage deduction; +* Amounts deemed to have been paid to the employee because of room and board provisions (if applicable), and +* The net amount of wages. + +[Here is a picture of my pay stub with identifying information redacted](http://imgur.com/BJC0kQF). Notice my wage amounts in the bottom left of the pay stub. +I was wondering what are the financial implications of this, especially in terms of credit score and my long term. Just got a job with a very average salary. + + +Parents were heavily in debt and had to declare some sort of bankruptcy and they are considering putting me on the mortgage and having me take over payments and taking one or both of their names off. They are going to schedule an appointment with someone from the bank to discuss this sometime soon. + +edit: the debt and bankruptcy were declared in 2009, and my parents would assist me in the mortgage payments + +edit2: + +I'd like to thank everyone. This was a very eye opening thread and it has more or less knocked some sense into me. My course of action will be to firmly deny any official-responsibility of my parents' finances. + +What I will do is help them with payments as needed and help them along the way to see if there are any other ways to ease their financial burdens - without putting myself at any risk. Thanks Reddit! + +Sure it was nice watching him lambaste Ken Griffin and MSM, but the feature was full of misdirection and made the utterly untrue and conspicuously harmful assertion that apes are a bunch of people that joined together during the pandemic to form a buying group to exploit shorter vulnerabilities and ā€œattackā€ (Dave Lauerā€™s word) the existing system. + +The piece went on to say that GME has no fundamentals. There was repeated juxtaposition of the real serious fundamentals investors vs. the mad app-trader frenzy buyers of GME, and John Stewart flat out scoffs at ā€œa video game company that sells hard copiesā€ \[insert canned laughter\]. + +I mean, pick your slander, dudes: apes are either a buyer group maliciously targeting flaws in the system, or they are a bunch of credulous gamblers fecklessly spamming the buy button on a no-value stock because they are easily manipulated. I am really surprised more apes are not pissed about the slander, if not of apes, at least of the stock. + +And then there were the weird sample apes chosen for the interview. J. Brown is apparently from twitter and seemed sweet but most of what he had to say was vague, sentimental and pointless. But he did point out one very important key fact: **they turned off the buy button and that was that.** There was never any decent explanation given. Thatā€™s how crucial retail is in this ā€œconversation.ā€ + +Nothing against Matt Kohrs, but I threw up a little when they described a youtuber I have never heard of as ā€œa leading voiceā€ in the ā€œape movementā€ FFS. I love it when someone becomes the official spokesperson for apes. He also had nothing on point to say about why apes consider GME both a value play and a short squeeze play. Everything he said was support for the ā€œwe are a movementā€ narrative. + +And then there was Dave Lauer. I guess he managed to get past his aversion for the-not-knowing-what-the-fuck-they-are-talking-about factor. He seemed as happy as hell to trot out his favourite pony: reform the system and fix ā€œmarket complexity.ā€ Nothing against his agenda, I just donā€™t want to see our GME-centred community hijacked by a distraction. + +Is complexity really the problem? Cuz I am pretty sure everything that has happened has been because of crime and highly unethical practices. Complexity makes them easier to hide, but it is not the principle problem. And yet, if you all you got is a hammer, you are going to characterize every problem as a nail. + +So the John Stewart piece was pretty disappointingā€”but hey, telling the world how great GME is not his responsibility, so whatever. John Stewart doesnā€™t owe apes anything. + +What is really disappointing, and somewhat alarming, is the degree to which it has been spammed and lauded all over the top of this sub, and used as a rallying cry to join the Dave Lauer cult of market reform. + +What the fuck happened to no heros? When did this sub stop being about loving the stock and protecting it from criminal shorting, and start being about *letā€™s form a movement to change the rules, because then criminals will stop breaking them!*? +Welcome back to *yet another* SLABS DD. At this point, I'm not even surprised I'm writing this. Just when I think I've sufficiently covered this stuff, your guys' DMs and comments lead me down yet another path. So thank you for continuing to give me leads. You are all what makes this possible! + +As always, you can read Part 1 ([https://www.reddit.com/r/Superstonk/comments/ros6ii/student\_loan\_asset\_backed\_securities\_slabs\_the/](https://www.reddit.com/r/Superstonk/comments/ros6ii/student_loan_asset_backed_securities_slabs_the/)) , Part 2 ([https://www.reddit.com/r/Superstonk/comments/rp585d/the\_slabs\_rabbit\_hole\_part\_2\_conflicts\_of/](https://www.reddit.com/r/Superstonk/comments/rp585d/the_slabs_rabbit_hole_part_2_conflicts_of/)), Part 3 ([https://www.reddit.com/r/Superstonk/comments/rpcyt6/the\_slabs\_rabbit\_hole\_part\_3\_revenge\_of\_the\_slab/](https://www.reddit.com/r/Superstonk/comments/rpcyt6/the_slabs_rabbit_hole_part_3_revenge_of_the_slab/)) , and Part 4 ([https://www.reddit.com/r/Superstonk/comments/rpu2eq/the\_slabs\_rabbit\_hole\_part\_4\_return\_of\_the\_slab/](https://www.reddit.com/r/Superstonk/comments/rpu2eq/the_slabs_rabbit_hole_part_4_return_of_the_slab/)) before this one. You can read my DD about Auto Loan Asset Backed Securities (ALABS) here ([https://www.reddit.com/r/Superstonk/comments/rqle93/the\_big\_short\_again\_auto\_loans\_bubble\_edition/](https://www.reddit.com/r/Superstonk/comments/rqle93/the_big_short_again_auto_loans_bubble_edition/)). + +Like I did in Part 2, I'd like to start out with addressing some shortcomings of my previous DDs. + +I've gotten a lot of comments about how all of this relates to GME so I'd just like to clarify this link a little further. Like I showed in my original DD, these SLABS were considered very strong collateral due to how difficult it was to discharge them, and the fact that federal student loans are ensured to some extent by the government. I also pointed out in Part 3 how this ties into RRP - RRP being insanely high shows that everyone is desperate for collateral. Both of these reasons led me to assume that SLABS were being used extensively as collateral throughout the market. But, as I've shown in these last few DDs, I believe that the value of these SLABS has been drastically lowered by a number of different recent factors. What does this mean for GME? Well, if all of the sudden a ton of collateral is suddenly devalued, banks may start to get scared and thus will raise margin requirements. This would lead to increased margin calls (which may effect our beloved gaming retailer), and would lead to larger market selloffs that would further effect the abilities of these funds to can-kick. In short (pun intended), SLABS devalue = Banks Freak Out = Banks Raise Margin Requirements = Margin Calls = Moon. Hopefully this clears up why I believe these posts are relevant in this sub. + +Another shortcoming that I failed to address was how collateral works with these loans. We know that there is no physical collateral for student loans - like I said, you can't repo a gender studies degree. So, what do they use for collateral instead? Well, two things: federally backed loans have the collateral of government-ensured coverage, and both federal and privately backed loans have the collateral of future payments. However, I believe that both these forms of collateral are much weaker than the collateral in 2008, which was the physical house. The collateral of the government ensuring payment is, in my opinion, weak. The government is already trillions of dollars in debt. If suddenly a large percentage of people with student loans decided to default, the government would be responsible for covering VAST amounts of money. Not only would this affect taxpayers, but could effect inflation as well. I also believe that the collateral of future payments or a portion of income is a weak one. There are several ways to get out of paying this collateral. First, you can discharge the loan entirely. This previously was difficult, but under that new court case I mentioned in Part 2, I believe that this has gotten much easier. Second, you can consolidate your student loans into a single loan. This increases your interest rate, but allows you to take advantage of IBR, or Income based Repayment. Sound familiar? I mentioned this in my Part 1 DD. But basically, IBR has exponentially increased since 2008 and has a severe downside of increased default risk. Not a great thing to use as collateral in my opinion. Plus, if you don't repay your loan in full after 20 years, the remaining debt is completely forgiven. Hmmm. Also doesn't sound like very strong collateral. + +And finally, a helpful commenter pointed out that the court case that challenged the previously stringent discharge requirements has been in contention still. So, take with a grain of salt that discharging loans will become easier. The courts are still fighting that one out. + +I believe that's all the corrections I wish to make until this point. Let's continue with Part 5. + +The first thing I'd like to talk about is the Federal Reserve's part in this whole saga via their recent TALF measures. TALF stands for Term Asset-Backed Securities Loan Facility. This was established on March 23, 2020, as a response to the Covid-19 pandemic. Essentially, **this was a subsidy paid to holders of SLABS.** [The official report](https://www.federalreserve.gov/monetarypolicy/talf.htm) reads, *"Under the TALF, the Federal Reserve lent on a non-recourse basis to holders of certain AAA-rated ABS backed by newly and recently originated consumer and small business loans. The Federal Reserve lent an amount equal to the market value of the ABS less a haircut and was secured at all times by the ABS."* Woah! **The FED is basically paying for more SLABS to be created.** This is a damn big discovery that I hadn't even considered until it was pointed out by u/PureCiasad. Thanks man! And even though they only paid out to AAA-rated holders, I've already talked about how the ratings agencies are corrupt in a way similar to 2008 where they will basically rate anything AAA. Yikes. The FED is literally creating a bubble right under everyone's noses. + +The next thing I'd like to talk about are how now student loans are being linked to retirement savings. Thanks to u/Skomponop for pointing this one out. Basically, some lawmakers proposed a law that would allow businesses to contribute to their employees' 401Ks if you paid off your student loans. Here's a quote from [this article](https://finance.yahoo.com/news/why-2022-is-the-year-student-loans-could-be-linked-to-your-401-k-160854623.html) that explains it further: *"Keller and other lawmakers have focused on one particular provision: linking retirement savings to student loan debt. The idea is to allow businesses to contribute to employees' retirement accounts when workers make their student loan payments. In other words, if you put $100 towards your student loan, your company could ā€œmatchā€ it with up to $100 going into a retirement plan like a 401(k)."* In my opinion, **this is just another way to encourage people to take out as many student loans as possible.** And we all know that the more student loans there are, the more SLABS there are which makes these guys money. This could encourage people that may not be in a great position to repay their loans properly to take out student loans anyways just to start filling up that retirement fund earlier. In my opinion, this will devalue SLABS, because again you have these theoretically pretty shitty loans being rated as AAA and used as collateral or sold. + +Finally, I'd like to talk more about IBR and how it relates to the housing market. Like I explained in Parts 1 and 2, IBR payment plans look better on paper, but since a smaller percent of the principal loan is paid, interest can accrue drastically over time and can actually make these plans more expensive in the long run, causing increase risk of default or discharge. Well, one of the major barriers to taking out an IBR payment plan for student loans was because previously, it was very difficult to get a housing loan or mortgage while paying off student loans via IBR. This is because lenders were unsure whether to calculate debt to income ratios using the payments under the IBR plan, or to have a fixed ratio. This lead to pretty stringent requirements for taking out a housing loan while paying off IBR student loans. However, these guidelines have been recently updated. Let's take a look at [this source](https://time.com/nextadvisor/mortgages/mortgage-news/fha-change-for-borrowers-with-student-loans/). *"For loans not in active repayment (forbearance, deferment, income-based repayment plan), the* [*guidelines*](https://www.hud.gov/sites/dfiles/OCHCO/documents/2021-13hsgml.pdf) *previously required FHA mortgage lenders to calculate a borrowerā€™s monthly student loan payment using* [*1% of the total loan balance*](https://time.com/nextadvisor/mortgages/how-student-loans-impact-homebuyers/)*. This amount was then factored into their debt-to-income (DTI) ratio, negatively impacting borrowing potential... Now, anyone taking advantage of an income-based repayment plan can have the actual dollar amount theyā€™re paying factored into their DTI, as long as the payment is above zero dollars a month. And, if your student loans are in forbearance, deferred, or your IBRā€™s monthly payment is zero, then 0.5% of your student debt will be factored into your DTI."* Let's unpack this a little bit. Basically what this is saying is that getting a mortgage while under an IBR student loan payment plan got a whoooole lot easier. This, in my opinion, will lead to IBRs increasing EVEN MORE. + +&#x200B; + +https://preview.redd.it/d64ksc0io7881.png?width=985&format=png&auto=webp&s=d9c4d036a156b8bb0b2c3f9d617e01a562d20450 + +I posted this graph on my first DD but I'd like to show it again. It shows how meteoric the rise of these IBR plans has been since 2008. And this was without these new FHA guidelines. *Just imagine how much the usage of these IBR plans will increase now that they are no longer a barrier to getting a mortgage.* And again, like I said earlier, I believe that increasing IBR plans will eventually lead to increased defaults and discharges of student loans, thus affecting the bottom line of SLABS. + +Thanks again for reading. I would say that this will be the last dive into SLABS that I'll do. But that would probably be wrong. Please, keep sending me DMs and comments with criticisms, leads, or anything else. You guys are what make this all possible. + +One final thing before I go. I've had a TON of comments asking me how to short these SLABS tranches and how to make money off this whole shitshow. I am not a financial advisor, and I will not be providing financial advice. So please don't ask. But I will say one thing about my own personal investing strategy. I have personally always believed GME to be the best hedge against a market crash, and I will continue to invest in the GME play. Those feelings have not changed since all this SLABS stuff started coming out. + +Thanks again guys. Happy reading. +Welcome back to *yet another* SLABS DD. At this point, I'm not even surprised I'm writing this. Just when I think I've sufficiently covered this stuff, your guys' DMs and comments lead me down yet another path. So thank you for continuing to give me leads. You are all what makes this possible! + +As always, you can read Part 1 ([https://www.reddit.com/r/Superstonk/comments/ros6ii/student\_loan\_asset\_backed\_securities\_slabs\_the/](https://www.reddit.com/r/Superstonk/comments/ros6ii/student_loan_asset_backed_securities_slabs_the/)) , Part 2 ([https://www.reddit.com/r/Superstonk/comments/rp585d/the\_slabs\_rabbit\_hole\_part\_2\_conflicts\_of/](https://www.reddit.com/r/Superstonk/comments/rp585d/the_slabs_rabbit_hole_part_2_conflicts_of/)), Part 3 ([https://www.reddit.com/r/Superstonk/comments/rpcyt6/the\_slabs\_rabbit\_hole\_part\_3\_revenge\_of\_the\_slab/](https://www.reddit.com/r/Superstonk/comments/rpcyt6/the_slabs_rabbit_hole_part_3_revenge_of_the_slab/)) , and Part 4 ([https://www.reddit.com/r/Superstonk/comments/rpu2eq/the\_slabs\_rabbit\_hole\_part\_4\_return\_of\_the\_slab/](https://www.reddit.com/r/Superstonk/comments/rpu2eq/the_slabs_rabbit_hole_part_4_return_of_the_slab/)) before this one. You can read my DD about Auto Loan Asset Backed Securities (ALABS) here ([https://www.reddit.com/r/Superstonk/comments/rqle93/the\_big\_short\_again\_auto\_loans\_bubble\_edition/](https://www.reddit.com/r/Superstonk/comments/rqle93/the_big_short_again_auto_loans_bubble_edition/)). + +Like I did in Part 2, I'd like to start out with addressing some shortcomings of my previous DDs. + +I've gotten a lot of comments about how all of this relates to GME so I'd just like to clarify this link a little further. Like I showed in my original DD, these SLABS were considered very strong collateral due to how difficult it was to discharge them, and the fact that federal student loans are ensured to some extent by the government. I also pointed out in Part 3 how this ties into RRP - RRP being insanely high shows that everyone is desperate for collateral. Both of these reasons led me to assume that SLABS were being used extensively as collateral throughout the market. But, as I've shown in these last few DDs, I believe that the value of these SLABS has been drastically lowered by a number of different recent factors. What does this mean for GME? Well, if all of the sudden a ton of collateral is suddenly devalued, banks may start to get scared and thus will raise margin requirements. This would lead to increased margin calls (which may effect our beloved gaming retailer), and would lead to larger market selloffs that would further effect the abilities of these funds to can-kick. In short (pun intended), SLABS devalue = Banks Freak Out = Banks Raise Margin Requirements = Margin Calls = Moon. Hopefully this clears up why I believe these posts are relevant in this sub. + +Another shortcoming that I failed to address was how collateral works with these loans. We know that there is no physical collateral for student loans - like I said, you can't repo a gender studies degree. So, what do they use for collateral instead? Well, two things: federally backed loans have the collateral of government-ensured coverage, and both federal and privately backed loans have the collateral of future payments. However, I believe that both these forms of collateral are much weaker than the collateral in 2008, which was the physical house. The collateral of the government ensuring payment is, in my opinion, weak. The government is already trillions of dollars in debt. If suddenly a large percentage of people with student loans decided to default, the government would be responsible for covering VAST amounts of money. Not only would this affect taxpayers, but could effect inflation as well. I also believe that the collateral of future payments or a portion of income is a weak one. There are several ways to get out of paying this collateral. First, you can discharge the loan entirely. This previously was difficult, but under that new court case I mentioned in Part 2, I believe that this has gotten much easier. Second, you can consolidate your student loans into a single loan. This increases your interest rate, but allows you to take advantage of IBR, or Income based Repayment. Sound familiar? I mentioned this in my Part 1 DD. But basically, IBR has exponentially increased since 2008 and has a severe downside of increased default risk. Not a great thing to use as collateral in my opinion. Plus, if you don't repay your loan in full after 20 years, the remaining debt is completely forgiven. Hmmm. Also doesn't sound like very strong collateral. + +And finally, a helpful commenter pointed out that the court case that challenged the previously stringent discharge requirements has been in contention still. So, take with a grain of salt that discharging loans will become easier. The courts are still fighting that one out. + +I believe that's all the corrections I wish to make until this point. Let's continue with Part 5. + +The first thing I'd like to talk about is the Federal Reserve's part in this whole saga via their recent TALF measures. TALF stands for Term Asset-Backed Securities Loan Facility. This was established on March 23, 2020, as a response to the Covid-19 pandemic. Essentially, **this was a subsidy paid to holders of SLABS.** [The official report](https://www.federalreserve.gov/monetarypolicy/talf.htm) reads, *"Under the TALF, the Federal Reserve lent on a non-recourse basis to holders of certain AAA-rated ABS backed by newly and recently originated consumer and small business loans. The Federal Reserve lent an amount equal to the market value of the ABS less a haircut and was secured at all times by the ABS."* Woah! **The FED is basically paying for more SLABS to be created.** This is a damn big discovery that I hadn't even considered until it was pointed out by u/PureCiasad. Thanks man! And even though they only paid out to AAA-rated holders, I've already talked about how the ratings agencies are corrupt in a way similar to 2008 where they will basically rate anything AAA. Yikes. The FED is literally creating a bubble right under everyone's noses. + +The next thing I'd like to talk about are how now student loans are being linked to retirement savings. Thanks to u/Skomponop for pointing this one out. Basically, some lawmakers proposed a law that would allow businesses to contribute to their employees' 401Ks if you paid off your student loans. Here's a quote from [this article](https://finance.yahoo.com/news/why-2022-is-the-year-student-loans-could-be-linked-to-your-401-k-160854623.html) that explains it further: *"Keller and other lawmakers have focused on one particular provision: linking retirement savings to student loan debt. The idea is to allow businesses to contribute to employees' retirement accounts when workers make their student loan payments. In other words, if you put $100 towards your student loan, your company could ā€œmatchā€ it with up to $100 going into a retirement plan like a 401(k)."* In my opinion, **this is just another way to encourage people to take out as many student loans as possible.** And we all know that the more student loans there are, the more SLABS there are which makes these guys money. This could encourage people that may not be in a great position to repay their loans properly to take out student loans anyways just to start filling up that retirement fund earlier. In my opinion, this will devalue SLABS, because again you have these theoretically pretty shitty loans being rated as AAA and used as collateral or sold. + +Finally, I'd like to talk more about IBR and how it relates to the housing market. Like I explained in Parts 1 and 2, IBR payment plans look better on paper, but since a smaller percent of the principal loan is paid, interest can accrue drastically over time and can actually make these plans more expensive in the long run, causing increase risk of default or discharge. Well, one of the major barriers to taking out an IBR payment plan for student loans was because previously, it was very difficult to get a housing loan or mortgage while paying off student loans via IBR. This is because lenders were unsure whether to calculate debt to income ratios using the payments under the IBR plan, or to have a fixed ratio. This lead to pretty stringent requirements for taking out a housing loan while paying off IBR student loans. However, these guidelines have been recently updated. Let's take a look at [this source](https://time.com/nextadvisor/mortgages/mortgage-news/fha-change-for-borrowers-with-student-loans/). *"For loans not in active repayment (forbearance, deferment, income-based repayment plan), the* [*guidelines*](https://www.hud.gov/sites/dfiles/OCHCO/documents/2021-13hsgml.pdf) *previously required FHA mortgage lenders to calculate a borrowerā€™s monthly student loan payment using* [*1% of the total loan balance*](https://time.com/nextadvisor/mortgages/how-student-loans-impact-homebuyers/)*. This amount was then factored into their debt-to-income (DTI) ratio, negatively impacting borrowing potential... Now, anyone taking advantage of an income-based repayment plan can have the actual dollar amount theyā€™re paying factored into their DTI, as long as the payment is above zero dollars a month. And, if your student loans are in forbearance, deferred, or your IBRā€™s monthly payment is zero, then 0.5% of your student debt will be factored into your DTI."* Let's unpack this a little bit. Basically what this is saying is that getting a mortgage while under an IBR student loan payment plan got a whoooole lot easier. This, in my opinion, will lead to IBRs increasing EVEN MORE. + +&#x200B; + +https://preview.redd.it/d64ksc0io7881.png?width=985&format=png&auto=webp&s=d9c4d036a156b8bb0b2c3f9d617e01a562d20450 + +I posted this graph on my first DD but I'd like to show it again. It shows how meteoric the rise of these IBR plans has been since 2008. And this was without these new FHA guidelines. *Just imagine how much the usage of these IBR plans will increase now that they are no longer a barrier to getting a mortgage.* And again, like I said earlier, I believe that increasing IBR plans will eventually lead to increased defaults and discharges of student loans, thus affecting the bottom line of SLABS. + +Thanks again for reading. I would say that this will be the last dive into SLABS that I'll do. But that would probably be wrong. Please, keep sending me DMs and comments with criticisms, leads, or anything else. You guys are what make this all possible. + +One final thing before I go. I've had a TON of comments asking me how to short these SLABS tranches and how to make money off this whole shitshow. I am not a financial advisor, and I will not be providing financial advice. So please don't ask. But I will say one thing about my own personal investing strategy. I have personally always believed GME to be the best hedge against a market crash, and I will continue to invest in the GME play. Those feelings have not changed since all this SLABS stuff started coming out. + +Thanks again guys. Happy reading. +There was a thread earlier about how Stevie of Point72 is taking money out of his Cayman Island accounts, I believe it specifically stated that such posts seem to get removed / countered with month-old FUD. It was popular and up there, but it suddenly got deleted I think? I can't see it anywhere now. Anyone care to corroborate? + +edit: Since this is getting upvotes, I thought I'd mention that in the comments it's been concluded that the user deleted their own post, rather than it being removed by some higher authority (as the text on it reads [deleted] rather than [removed]) + +edit 2: [OP replied in the comments](https://www.reddit.com/r/Superstonk/comments/p1nja0/point72_stevie_getting_money_out_of_his_cayman/h8fvyvt/) with an explanation of why they deleted it, so that's that! Good night +While speaking to a recruiter about an offer, I guess she asked what my **current** salary range was but I had understood her question as what my **expected** salary range and provided it. + +Yesterday they came back with an offer within my expectations (which is significantly higher than what I make now) and commented that they decided to match "my current salary". This surprised me because it's not what I had meant. + +Should I have corrected her / should I say anything now? I'm scared that they will find out and think I manipulated the situation which was never my intention. + +**Update:** thank you for all the feedback everyone, it really helped me look at the situation differently! +### The Broader Markets + +**Last Week ā€“** The market took a bit of a breather from volatility as SPY was lower by about 1.2%, less than the 2% options were pricing. The highs and lows intra-week were also in a much tighter range than the past few weeks. + +**This Week ā€“ SPY** options are pricing about a 2.1% move for the upcoming week (about $8.50 in either direction). + +**Implied Volatility / VIX ā€“** The VIX closed the week near 25, down from 26 the prior week. IT is now at its lowest level since late April although still above historical averages. VIX futures are upward sloping with October above 28. + +**Expected Moves for This Week** (via Options AI) + +* SPY **2%** (+/- $8.50) +* QQQ **2.8%** (+/- $9) +* IWM **2.6%** (+/- $5) +* DIA **1.7%** (+/- $5.50) + +### In the News + +Amazon stocks has a new look Monday following a 20 for 1 split. Options positions from Friday will be x20 contract-wise on strikes now divided by 20. New trades going forward will be using the new strikes. Thereā€™s no general rule for how a stock and its options trade following a split. Studies have shown some differences between small and large-cap stock volatility post-split. Many stocks will see a period of increased volatility (also reflected in the option IV) following the split that takes a period of time to settle down into a new normal. However, AMZNā€™s split occurs in a market that has been volatile and IV that is still somewhat elevated vs historical averages. The only thing traders can look for is any increased retail interest in what are now much more reasonably priced (dollar-wise) options. This could affect things like upside skew and the potential for spreads or selling options vs stock that can benefit from skew in a way that retail was previously unable to affect due to the large dollar prices of most options in a $2000+ stock. Something to keep an eye on. + +It initially looked like Alphabet would do its announced 20 for 1 split this week as well but it is now likely mid-July. Amazon shares saw a fairly decent run-up into its split. GOOGL options are pricing about an 8% move out to July 15th: + + +&#x200B; + +https://preview.redd.it/e2vxt38o6w391.png?width=940&format=png&auto=webp&s=5138a9f42127cc08c5e4838c053396552aefec4d + +## Earnings + +*Links* below go to the Options AI calendar where you can see the other companies each day and click through to see charts (free to use). Recent earnings moves (actual) start with the most recent: + +[Monday](https://tools.optionsai.com/earnings-calendar/2022-06-06?day=2022-06-06) + +* **Coupa** COUP /Ā **Expected Move:Ā 14.9%**Ā / Recent moves: -19%, -3%, -4% + +[Wednesday](https://tools.optionsai.com/earnings-calendar/2022-06-06?day=2022-06-08) + +* **Five Below** FIVE /Ā **Expected Move:Ā 8.4%**Ā / Recent moves: -7%, +5%, -13% + +[Thursday](https://tools.optionsai.com/earnings-calendar/2022-06-06?day=2022-06-09) + +* **NIO** NIO /Ā **Expected Move:Ā 9.7%**Ā / Recent moves: -9%, -3%, -3% +* **Docusign** DOCU /Ā **Expected Move:Ā 15.2%**Ā / Recent moves: -20%, -42%, +5% +R&R is for ninnies! There's too much hype this week to wait. Shout out to [u/-einfachman-](https://www.reddit.com/u/-einfachman-/) for the call out in the latest DD [here](https://www.reddit.com/r/Superstonk/comments/v0zrni/burning_cash/). + +No big updates this week - we've moved the goal posts a little bit closer, but given the margin of error on this is about a month, no significant change. I did better zero in my slope to TiberiusWoodwind's so that is what moved us more than any change in cash. + +# The Update! + +&#x200B; + +[We've dropped $29K in posted buying pressure. I expect us to continue dropping incrementally due to \\"scout and reinforce\\" DRS. Eventually it'll even out, but I think it'll be a while. Especially as it looks like non-US apes can take a couple of months to settle.](https://preview.redd.it/u1phd0mf1t291.png?width=926&format=png&auto=webp&s=fc8c62af1d9826241f058ae35f4d7d7f9b803a2b) + +What the colors mean: + +* Green - the most likely - uses only DRS data from 2022 and excludes clear outliers as everyone moved the bulk of their shares from 2021 in their second DRS post. (The top 2021 weeks were several times the average - way outside of norms.) +* Yellow - less likely - uses all DRS data back to September 2021 +* Red - the least likely - this is just how long it would take based on total DRS power (hard to predict first time buys) and what would happen if no one registered anymore shares. + +&#x200B; + +Reminder that this is all worst case. All of these predictions assume NO dividend, NO insider buys, and the only buying pressure from apes that feed the bot more than once. These charts also assume a quarterly average price - in reality, the price at the end of the quarter would be lower than what's on the table, so the specific days listed would actually happen a little earlier - I just didn't do that math. + +Assuming last night's closing price ($96.13) is constant and no inflation based on average weekly spend on recurring buys we'll lock the float in four years based on predicted recurring buying pressure. But that's not realistic in the least. + +**HALT WATCH** They lost the battle for $180! Next time we see that means MOASS. If the price gets high enough, expect shenanigans (halts) between $174 & $178 this week. + +# Introduction + +After the quarterly report, we really got to see how zeroed in the data sets that [u/jonpro03](https://www.reddit.com/user/jonpro03) and [u/roid\_rage\_smurf](https://www.reddit.com/user/roid_rage_smurf) put together I thought it would be nice to see some forecasts. + +[u/jonpro03](https://www.reddit.com/user/jonpro03) breaks out data by existing and new accounts registered. This shows apes' regular buying pressure. We know how much money apes are going to spend each week. And, likely, keep spending each week, in addition to how much apes are going to dump into Computershare for a one time middle finger to Market Makers. + +I use data from [Nasdaq.com](https://nasdaq.com/) for historical prices, Reddit Scraper to find the account high score and number of shares posted from existing accounts, DRSBot to find the number of accounts per ape and the number of accounts posting more than once. "Float" data I pull from whichever data set on [Computershared.net](https://computershared.net/) is open at the time. For the "Taste the Rainbow" slope, I used the price points from 11/22/2021 and 3/29/2022 to determine the decreasing "danger zone" line. I think there's a little room for error, but within a penny. + +# Kudos: + +In the interest of pointing out the shoulders of the giants I'm standing on, please check out Taste the Rainbow by [u/tiberiuswoodwind](https://www.reddit.com/u/tiberiuswoodwind/) [here](https://www.reddit.com/r/Superstonk/comments/tyxvrl/taste_the_rainbow_kaleidoscope/) also check in on the test/update [High Definition](https://www.reddit.com/r/Superstonk/comments/uoaqbz/taste_the_rainbow_ultra_high_definition/). Also check out [u/Turdfurg23](https://www.reddit.com/u/Turdferg23/)'s [The Mechanics of the Roller Coaster](https://www.reddit.com/r/Superstonk/comments/ty02e6/the_mechanics_of_the_rollercoaster/). This is a great post for a couple of reasons - mainly, it's an analysis tracking options on ETFs that tie back to predictions of price runs. (A better explanation of cycles, if you will.) [u/-einfachman-](https://www.reddit.com/u/-einfachman-/) dropped a post [here](https://www.reddit.com/r/Superstonk/comments/txnwhu/checkmate/) that goes into great detail on capturing efficiency of lowered prices. They meant it in terms of a stock dividend increasing the total number of shares, but it also applies to an algorithm reliably dropping the price each day. + +# Assumptions: + +**THE PRICE IS FAKE**. Due to dark pools, buy-writes, married puts, volatility swaps, naked shorting, and a mayo-crusted bedpost, the price is largely controlled by an algorithm with the exception of unexpected large insider buys. + +Apes are tapped out. We've blown our wad and all that's left is putting away that special sock and buying at a regular pace - whatever that pace may be for you. (Because averages.) + +ā€œExisting Accountsā€ are shares bought by those that already opened a Computershare account and are adding to their position as much as they can as regularly as they can. This clearly ignores the ā€œScout and Reinforcementā€ style of registering so many have done, but without getting more detailed data from our AMAZING DRS gurus, I canā€™t control for that. (Not saying I particularly want that data, but if there were a way to see unique (still anonymized) data, I would further refine this.) + +Everyone is DRSing as fast as they can. Shares posted on a date are assumed to have been bought the week before due to settlement and transfer times. (On the Friday before if posted on the weekend.) + +Most apes that registered a few shares to figure out the process then sent all of their shares to CS later did so in 2021. By excluding 2021 buy data, we can see a more accurate picture of what apes are spending on moon tickets each week. (This is backed up by the highest priced weeks being in 2021 clear outliers in the data.) + +There are a lot of moving parts, so I wanted to add contingencies for A) Inflation, B) an individual's definition of the float, C) the presumed margin call line driving price down in an attempt to stay alive just one more day, and D) Gamestop's short hammer - $100M earmarked for buyback. + +**Inflation:** We don't want to discount that we've just started the worst financial crisis since the Great Depression. Inflation is real. Because JPow go BRRR, I've added 2% inflation each quarter. Yes, there are better ways to calculate this, but we should expect to lose some purchasing power in the coming years. Iā€™m assuming 2% per quarter since we've hit 8% a year. + +**"Float":** Personally, float means everything but insider shares. Once all of those shares are locked, if anything is reported ANYWHERE else. Smoking gun, naked shorts, MOASS, etc. Others argue that MOASS starts when we overlap with reported shares in Edgar - that is the institutions, ETF's, mutual funds, et cetera. I dislike "free float" as a metric because those fillings are updated, at best, quarterly. It is certain to start a spasm in the market though. + +**"Taste the Rainbow" Rate of Price Decay:** We know the price won't stay constant. In fact I'm a strong subscriber of the "One more day" shorting crush to keep the price from going over a margin call line. To further illustrate, [u/TiberiusWoodwind](https://www.reddit.com/u/TiberiusWoodwind/) put up a great series of posts [here (external link to DD library)](https://online.fliphtml5.com/lvrgy/fhlb/#p=1). If you follow this line of thought, the price has to be knocked down on a regular slope to avoid a margin call, and that price intercept / danger zone is constantly approaching zero. Hell, by his crayons, rocket launches in October 2023! The more frequently the price hits that line, the more frequent the halts, greyed-out buy buttons, and other unpredictable BS. + +**Gamestop Buy Back:** Gamestop has $101M in cash on hand for a buy back. This is the ultimate middle finger to hedgies - if the price gets too low, the trap card is activated and Gamestop buys every single non-registered share and takes the company private-ish (At least private between apes and insiders). Gamestop Can't Fail. + +# Methodology: + +Iā€™ve copied over the data from the Reddit Scraper table ā€œShares Countedā€ from Computershared.net. + +I pulled the past year's price data from [nasdaq.com](https://nasdaq.com/) and came up with an average cost for the day based on the dayā€™s high and low. (Would love some extra thought on this. Maybe average that number with closing cost to account for those buying at market open/close?) + +Shares registered multiplied by the average cost of a share the week before equals apesā€™ regular buying power that day. + +To project that forward, I summed up money spent each week by existing accounts, then averaged. + +For funsies, Iā€™ve applied the same methodology to total number of shares posted in DRS bot to see what our average weekly DRS cost is including new accounts. This is pretty specious as it requires new accounts to continue being created at the rate they have been ā€“ which at some point will have to stop because weā€™ll all have DRSā€™ed and no new blood will join. + +In order to predict the buy pressure across all accounts and not just those feeding the bot: + +1. I take the high score of accounts and divide by the average number of accounts per ape. +2. Then I take the percentage of apes that have posted more than once (in the comments of Roid\_rage\_Smurf's updates) versus the whole multiplied by the above. +3. I divide the average weekly buy by the number of apes that posted more than once. +4. I multiply step 3 with number of apes in Computershare (step 2) + +So letā€™s assume that this cash is our regular allowance from the wifeā€™s boyfriend. A regular spend rate, if you will. We can now calculate how far down it will be before we lock the float barring any other influences like one-time DRS apes, dividends, insider buys, and MOASS. (I think it's safe to at MOASS, we won't be locking the float until some time later.) + +All of these predictions are based on apes registering AND REPORTING more after their initial account set up at Computershare. To accelerate things: if you're registering more and haven't updated the bot, please do so. This rolls your additional buy into the average! + +All these predictions COMPLETELY IGNORE one-time bot-feeders. These brave individuals are taking their shares out of DTCC but are not influencing the "regular" buy pressure. The more that register - even once - the faster this goes as they're raising the floor brick by brick. + +# "Want now! What Do?" + +"Mup, you crusty queef stain, I'm in this for the immediate gains! Get this out of here!" How do we accelerate this from here? + +Social Media - if you know a hodler, ask them to register their stash. And don't just think of people you know. Apes are among us. Two people know I'm an ape in real life. We need to get a little louder and get the non-stonkers on the bus. + +If you've read this far and haven't registered your shares, I'll assume you are trapped in a crap broker or tax advantaged account. If you're not, why haven't you locked your float? + +Retirement Accounts - we need to push investor relations, RC, the board, et cetera to allow Computershare to hold retirement accounts for GME. Yes, you can risk a Custodial account. Yes, you can take the tax hit. The easiest way to get more shares in is to get retirement accounts accepted RISK FREE. Looks like no one got to submit a shareholder proposal. We'll have to make some noise. Maybe during the Q&A in the AGM in June? + +# BUY. HOLD. DRS. Rocket Emoji. + +I've held this space to shout my uninformed opinion we'd have had a split before the meeting. I'm still hoping. Anyway, I'll update accordingly once we get numbers in if such a thing happens. + +# LFG!!!! +Hello, + + +I can be summoned as: + +`$stock <stock symbol>` + + + +For example: + +`$stock GM` + + +# About me + +- I can only handle one ticker at a time. +- I calculate WSB's sentiment as follows: + + - Find all the threads containing the ticker in the last week (will probably change this to 24 hours) and get all the comments. + - Search for predefined words (e.g. for bullish, search for words such as buy, moon, yacht, call, hold etc) + - Rank them and determine bullish/bearish percentage. +- [F]irst time posting here. Please be gentle. + +I was surprised the most recent hike by the RBA. My opinion is that inflation will go higher due to the weakening AUD and we will eventually ā€˜import inflationā€™ as a result. Iā€™m speculating there will be massive rate hikes incoming if our inflation worsens. Happy to hear your thoughts. +**Debts**: $40k HECS. **Assets**: 28k savings. **Income**: part-time atm, 70k gov job in 2021. + +*** +I feel physically ill when I need to spend money on major purchases (tech, car). I only just accessed Youth Allowance and am ripping myself for not starting 3 years ago. I think of the money I squandered on food, entertainment, and drinks during uni (~5k) - minor self harming tendencies. + +The anxiety amped up ~3 months ago. I think it was triggered by all the money talk due to COVID-19. + +I'm fully aware that I am in a relatively stable financial state. Also my parents are always offering their support. But I'm just feeling so anxious. I have no idea why. Unfortunately my therapist is stuck overseas atm. + +Appreciate all advice in advance. Thanks. + +**Edit 1**: Thanks for your kind words all. I realise my general anxiety has spiked and it's affecting every dimension of my life - finance, romance, family, and work. My therapist has kindly scheduled an informal phone call so we can discuss healthy coping mechanisms. +Buzz is already starting for a 1% fed rate hike... + +&#x200B; + +[Full Article](https://www.msn.com/en-us/money/markets/the-red-flag-that-preceded-a-halving-of-global-equities-in-2000-and-2007-is-back-warns-citi/ar-AA10tfCk?cvid=2e001f5bc9ac428bd7d225938a590cb5) + + + +We are a day away from data that could prove a turning point for markets. + +If Wednesdayā€™s CPI doesnā€™t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, possibly knocking stocks. But if it swings the other way, especially after surprisingly good jobs data, the view that things arenā€™t as bad as feared/Fed hikes may be done soon, could prevail. + + Wall Street does seem to be at pains lately to advise treading carefully with optimism that has the S&P 500 set to break two-straight quarters of losses ā€” up 9.3% in the third quarter so far. + +ā€œThe central challenge to the notion that there will be a more meaningful Fed pivot is that the near-term inflation picture is likely to remain uncomfortably high,ā€ said Goldman Sachs strategists Dominic Wilson and Vicki Chang in a late Monday note. + +But amid the caution, thereā€™s still plenty of stock buying recommendations out there from the sell side, that is the brokerages and investment banks. And thatā€™s a fat red flag investors may want to heed, warns our **call of the day** from Citigroup. + +ā€œOur index of global sell-side recommendations is back to peak bullishness levels reached in 2000 and 2007, after which global equities halved,ā€ noted a team led by chief global equity strategist, Robert Buckland. + +ā€œAnalysts are net buyers of every sector in every region, but then they usually are,ā€ he said, noting specific concentration on U.S. and emerging markets. ā€œThey are still bullish on cyclical sectors suggesting few fears of oncoming global recession.ā€ + +Citi calculates its index of global sell-side calls by aggregating those on all stocks in MSCI indexes, ranging from 5, a strong buy, to 1, a strong sell. Their index is above three almost everywhere. They note that analysts are never net sellers of their stocks, even in the case of bear markets. While it seems analysts get more bullish as equities rise, it could also be that the ā€œmarket rises because they are getting more bullish.ā€ + +In any case, that ā€œanalyst herdingā€ has triggered a red flag in Citiā€™s bear market checklist, which has eased to 6 from a potential 18 flags. Note, this particular flag gave a false sell signal in 2012, when global stocks were flat for the following 12 months. But still, what happened in 2000 and 2007 makes it worth noting they say. + +Buckland and the team say analysts tend to get the start of bear markets wrong, by turning even more bullish when they should be growing cautious. ā€œEven though they are starting to revise down earnings forecasts, falling share prices and cheapening valuations keep them positive. They eventually do turn more cautious as earnings forecasts fall further, but it is a slow process.ā€ +I have a bit of a cringeworthy story about my first 2 months in the stock market. I asked one of the mods if it would be ok to post here and they thought it would be good for this sub. A little entertainment for the weekend. Keep in mind I am a college student, that saved about $7k over the summer. Ok, here we go: + +I made a very dumb choice. One of the worst any new investor could make. I decided to start my investing experience in penny stocks. + +It all started back in Aug. after the "crash". It seemed like a great time to get in. I checked a few subreddits and came across NETE (I'm still not sure exactly what they even do. Something about mobile payments.) It was all good for the first few weeks and I learned the basics to the stock market. However, I was down by about 5% but only had $200 in so no big sweat, right? Well I thought I was ready for real money (Biggest mistake of my life), so I invested $1300 more in it to cover my losses. This was money I already planned on investing. + +Later that week I lost another 10%, price just dropped out of no where. Strange, but I wasn't too worried. The pumpers set my mind at ease and told me it would recover soon, so average down. After a few days there was no news looming, except a some insider investing and a pending SEC filing. So I thought, what the hell. Cant hurt to throw another $1000 at it. 10% up and I'll cover my losses and then some. The next day, it was announced that they were filling for reverse split and wanted to vote in a few months on it. Literally drove my portfolio down another about 10% in a day. I died a little inside but I accepted defeat. + +While all this is going on I did happen to make a little money on the side with GBSN. $20 here, $40 there. So I decided to move my money there so I could make $200 here, $400 there. I was even more confident since, they just released some news that customer acquisition was up and the only thing against them were some outstanding warrants. But it seemed as though the warrants already drove the price down as much as it could go, so I was in a good place. + +I got in with about $800 at 0.08 and watched it go to 0.10, cool beans right? Wrong again. I was invest investing in GBSN in increments to get the best average price possible. And had about $500 left so I got the bright idea out of thin air to YOLO my money in RXII because it was up about 0.10 that day and reached about 0.60 (mind you I had only over this stock on my Robinhood watch list a couple times). I thought I was catching it on a swing down since it dropped down to 0.55. I was going to ride it back up to 0.60 and get out. Well it went up to about 0.56 and just went down after that. For the rest of the day it lingered around 0.53-0.54 and then dropped down to 0.48 the next day. It was like the universe decided to hit me over the head with a sludge hammer and flip me off. I came to find out the price fell all because some penny stock alert told a bunch of people to pull out. + +So at this point I'm in dumbfounded in complete awe. I didn't even make much money on GBSN because it was countered by RXII. Angered, I decided to stick with my original plan and pull out of GBSN (@ 0.09) and RXII (@ 0.48) and buy back in on the next swing down to .08. It usually made it back up to 0.09 some time in the week so it seemed like a quick trade. I put **another** $1000 and bought back in @ .083. Well the SAME DAY., Nasdaq issued a delisting warning for GBSN and the price dropped lower than my IQ. Over the next couple of days it went all the way down to 0.06 and I decided I had enough. I finally got out at .059. After a few days of thinking I had it all settled, I decided I would get back in GBSN at .045 and ride the wave back up to at least .07. So I sold on Monday and waited for all of my money to clear, on Thursday so I could get back in and the price should be 0.05 or lower. Well just to my luck, Wednesday it went down to like .051 and shot up over 30% to like .07. I died a little more inside. I had to sit there and watch my brilliant plan go to shit while I'm sitting in class taking a test (teacher was sleep). + +I woke up thursday morning and saw it was down for a bit but then jumped back up to like 0.075 so I got back in on a swing down to 0.072. It went back up to 0.075 but I just knew it was gonna go higher. Well it didnt. I literally went down to 0.07-0.0718 and stayed in that range for about 2hrs. I set my stop loss @ 0.0675 when I saw it drop break below 0.07 for the first time. It bounced between 0.068-0.071 but about an hour later it sold my position and GBSN was dropping ever since. At that moment I told myself I was done gambling like a bafoon and deleted all the penny stocks in my watchlist. I added Bank of America, Apple, Nokia, Netflix, and Ford to take their places. I had been watching these on and off for a while and doing a little dd on them. + +**Tl;Dr**: Wanted a check, got REKT. + +A message to new investors. Stay out of penny stocks! For now at least. It can be a great way to make a lot of money, when you know what you're doing. And you are probably smarter than me, but its a whole different beast than your standard day trading. They need CONSTANT attention. I spent most of my class periods and work hours glued to my phone, trying to make sure I didn't lose too much at once. Still got destroyed anyway. + +Right now I have about $3100. I will not be adding any more in the see able future. I am tired of making idiotic decisions and want to turn my portfolio around. Please help me: + +* How do you properly do DD? (List the things I should know before making any type of investment) + +* How long should I watch a stock before getting in? + +* What catalyst are most influential in affecting a stock's price? + +* Are there any other suggestions on how to properly invest? + +**EDIT**: Ok so a lot of people are stating "Hey, you were just gambling. You need to change you're mindset if you want to ever make any money. Stop investing in penny stocks" Thank you. I get it. I knew I was really just gambling instead of investing and wanted to change that. 1) The point of this is to warn others not to follow my mistakes, 2) Get some advice on how to change, 3) Give you guys a good story to laugh at. + +**Edit 2**: I forgot to mention this, STAY THE HELL AWAY FORM STOCKTWITS. Especially if you do decide to get into penny stocks. It is literally ALL pumpers. No one listens to the bears and calls them crazy. You won't have a clear understanding of a company if all you listen to is the good? + +**Edit 3**: Now I keep hearing people say I lost half my money and would have to double my current position to get it back in 6 months. 1) I didn't lose half of my money $1500+$3100=$4600. I don't have to double my money I to get it back. What I lost is about half of what I have seculeded right now for future investments. But honestly Im only focusing on a $1000 since I set that as my goal. 2) Im not expecting to make it back in exactly 6 months from today. I said 6 months to a year but I'm leaning closer to a year. And this is only after I believe I'm ready to get back in. Which may be awhile from now. Sorry about the miscommunication there + +Just remembered something funny. My cousin was trying to me into the forex market and I thought I was going to take the easy way out with the stock market. One one hand the stock market is still not child's play and I underestimated it. On the other hand forex trading would have bankrupted me in days. +The average daily notional value of traded single-stock options has risen to more than $450 billion this year, compared with about $405 billion for stocks, according to Cboe Global Markets data + +&#x200B; + +https://preview.redd.it/282anfskp7181.png?width=1234&format=png&auto=webp&s=e51cb36f783b98aa64b56dff02fe137956775146 +My parents want to give my kids money as a gift, so I'm looking into ways of storing it. I'll probably create a 529 plan, but I'm also looking at custodial accounts. + +The taxation seems really complex on custodial accounts, and the tax benefits seem small. There's also the fact that the money is instantly transferred to the child's control on their 18th birthday, no matter what, which might not be a good idea. + +Anyone here have experience with custodial accounts? Is it worth bothering, or is there a better way to store money for kids? +I am guessing that many of the members of this sub, including myself, are not quite fatFIRE yet, but are just here for advise, or inspiration. I am curious to see where those that are actually fatFIRE are from, or more specifically, where they made their fortunes. + +Thank you for the great content and debate. I find great value in this sub šŸ™ + +EDIT. I just noticed I was not very specific in my question. I actually meant where in the world you made your fortune. +Hedge fund manager David Einhorn warned of dangers for retail investors that he sees in the market, and one of his main examples was a tiny New Jersey deli with a market capitalization of more than $100 million. + +The Paulsboro, New Jersey-based Your Hometown Deli is the sole location for Hometown International, which has an eye-popping market value despite totaling $35,748 in sales in the last two years combined, according to securities filings. + +ā€œSomeone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey ... HWIN reached a market cap of $113 million on February 8. The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli. The pastrami must be amazing,ā€ Einhorn said in a letter to clients published Thursday. + +Hometown, which appears to have begun trading in 2019, according to FactSet, has shares that trade over the counter and rarely has more than a few hundred shares change hands per day. Often, there are no trades logged in an entire trading day. + +Still, the companyā€™s market cap is just over $100 million, according to FactSet. + +Hometown did not immediately return a request seeking comment made to the phone number listed in the companyā€™s securities filings. A manager was not available to comment at the deliā€™s phone number. + +According to the companyā€™s latest 10-K filing, the companyā€™s single location was closed from March 23 to September 8 of last year because of the coronavirus pandemic. During that time, the companyā€™s stock price rose to $9.25 per share from $3.25 per share. It last traded at just under $14 per share. + +The company sold 2.5 million shares last year and has about 60 total shareholders, according a filing. + +Hometown reported more than $600,000 in expenses last year, up from about $154,000 in 2019. The company also reported a net cash gain of $2.2 million from financing activities, such as selling stock, in 2020. + +Einhornā€™s highlighting of Hometown comes as politicians, regulators and high-profile investors have publicly fretted about the boom in certain types of stocks over the past year. + +As a new wave of retail investors joined the market in recent months, special purpose acquisition companies have launched at a record pace and some stocks, like Game Stop and Discovery, have seen wild swings after being bid up by traders on Reddit or hedge funds. + +The over-the-counter stock market, often referred to as pink sheets and penny stocks, have historically been a risky place for investors. Shares of penny stocks have also soared in recent months. + +https://www.cnbc.com/2021/04/15/theres-a-single-new-jersey-deli-doing-35000-in-sales-valued-at-100-million-in-the-stock-market.html +This is one of the concepts I've had a difficult time accepting since I became interested in finance and markets after graduating with a biology degree 5 years ago. It just seems like the very definition of a free lunch and appears too good to be true. Why is that extra return occurring if there is no additional risk? +This seems to be the biggest FUD I see regarding DRS/ComputerShare. No matter what, I always see, "Good luck selling during MOASS." I have also seen people comparing the buying/settlement time, where shares are bought on CS and registered in your name. I do not know the specifics on the difference in buying and settlement on CS compared to a brokerage, other than you are buying shares in your name and waiting until after settlement for them to be added to your account. Unlike on a brokerage, the shares are not registered in your name, and they do not wait until after settlement. This is not the case with selling, as **selling can be done in real-time** through them and the brokerage they use. They also have other options such as trading through a block trade (slower process), or sending your shares back t to your brokerage and sold there. + +But wait, the next question should be, who exactly is ComputerShare's broker then: + +&#x200B; + +>[https://www.computershare.com/je/broker-selection-policy](https://www.computershare.com/je/broker-selection-policy) +> +>As a companyĀ weĀ work with different counterparties to execute our clients' trade orders, such as share sales.Ā This policy outlines how weĀ select, monitorĀ and reviewĀ the counterparties that are used to fulfil trade orders, and the factors that will be considered when using such counterparties. + +&#x200B; + +So if some brokers are having trouble selling during MOASS, ComputerShare is not locked into using just that broker. So the entire concept of good luck selling during MOASS is disingenuous. Not only will they be able to sell, it seems as if one brokerage puts a block on a security, ComputerShare has the option to use another. + +&#x200B; + +&#x200B; + +Below is from the AMA regarding instant selling: + +&#x200B; + +Video of AMA: + +[https://www.youtube.com/watch?v=LVEJo87jejo&t=1454s](https://www.youtube.com/watch?v=LVEJo87jejo&t=1454s) + +[**u/jsmar18**](https://www.reddit.com/user/jsmar18/) **is the mod who did the AMA with ComputerShare and I am going to post transcripts from the AMA to answer a few questions from the video above:** + +&#x200B; + +>[**u/jsmar18**](https://www.reddit.com/user/jsmar18/): Retail is used to relatively quick order executions, so I think that was kind of a surprise when there was, you know, batched together.. +> +>**Paul**: Maybe I can jump in without being rude, that is how the purchasing works. **If you want to sell securities youā€™ve got the option of doing a real-time transaction with us through the web** or selling into a batch and going through a batch process. Or you can sell through your own broker. There are lots of opportunities for you and choice available to you when you are selling. +> +>The point that I made earlier, that is how we accumulate the shares when we are buying shares through the plan. But some parties might say well, I am going to execute my order in real time to purchase the shares through a broker, and then have the broker DRS the shares into Computershare. So thereā€™s are lots of, plenty of choice available to people. +> +>[**u/jsmar18**](https://www.reddit.com/user/jsmar18/): Yeah, we have definitely seen people do that in terms of buying through brokers and direct registering. +> +>**Paul**: When you are selling it **you can sell real time through us. When you are doing a real time trade through us, the turnaround time can be very very quick, you know, assuming there is a counterparty in the market to buy the shares that the broker is selling on behalf of you all.** +> +>[**u/jsmar18**](https://www.reddit.com/user/jsmar18/): Ok. So, we execute on Computershare, which then sends it to their broker which will then execute it on the market accordingly. +> +>**Paul**: We use highly integrated systems to so that we are not sending carrier pigeons with pieces of paper saying ā€˜please run to the floor of the stock exchange and execute selling our sharesā€™. It is modern and pretty fast. + +&#x200B; + +&#x200B; + +I will link the entire AMA thread in the reply below. I believe if I link to another post in the original post, my post will automatically be closed. This seems to be the information most people new to DRS are worried about. Can I sell during MOASS? What happens during MOASS is uncertain. Will DRS/CS be able to sell? You should be asking yourself the same question about any brokerage. If the free float is locked by DRS, will anyone other than CS be able to sell? That is the decision you need to make if you decide to DRS your shares. If you believe putting the shares in your own name is the safest option, DRS is for you. If you are long on GME, DRS may be for you. If you want to try and lock the float to prove the hedge funds never covered, DRS is the only way. I believe GameStop has the same sentiment, which is why they added their DRS numbers to their earnings reports. If you believe CS will not be able to sell their shares, while normal brokerages will, DRS may not be for you. I wholeheartedly disagree with that. But again, this is all uncertain. + +&#x200B; + +*I understand some of you have no need to figure out how the selling works, and although that frightens me a bit,* because ***I actually believe you.*** *The original apes that DRSed blind as hell, are without a doubt, the most selfless retail investors I have ever seen. They really like the stock. I made this post to make sure those that want to dip their toes into DRSing their shares, understand they can and will be able to sell in real-time according to ComputerShare themselves.* +When I attended college in 2013 my mother led me to believe she was making monthly payments to my student loans. Turns out half way through the year she stopped making those payments. I am now saddled with over 6,ooo in debt. I am not in a situation where I can make monthly payments to the student loans. I don't know what to do. My credit is shot. It is not as simple as getting another job. I am attending community college part time and working full time. I am looking for advice on any legal action I can take. + + + +EDIT: For some clarification the debt was from a major university. This is not the same school I am currently in. I dropped out because of severe depression due to the death of my father. My mother and father had been divorced for years and this was not the cause of her stopping payments. + +2nd EDIT: After doing some soul searching I think the real reason I made this post is to help me get this stress off my chest. Most of the comments here have been really positive and that means the world to me. While 6,ooo may not be a lot to you it has created a looming threat over my life. With my credit being destroyed from years of my mother not paying the school loans and me not knowing about it, I had little hope left. My car is on its last leg, wheel, and I cant/don't want to get a loan for another car to continue this vicious cycle. However, I want to thank those who took the time to be a shoulder to lean on. Again it means the world to me that some of you have had similar experiences and fully recovered. Thank you. +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. +I submitted this to /r/dataisbeautiful [some time last week](https://np.reddit.com/r/dataisbeautiful/comments/4q9iwa/40_years_of_investing_returns_in_the_sp500_with/) and it got some traction, so I wanted to post it here but with a more in-depth writeup. + +Note that this data is from Robert Shiller's work. An up-to-date repository is kept [at this link](https://github.com/datasets/s-and-p-500/tree/master/data). Up next, I'll probably find some bond data and see if I can simulate a three-fund portfolio or something. But for now, enjoy some visuals based around the stock market: + +**Image Gallery:** + +* [Main image](https://i.redd.it/nn43lzu4d16x.png) +* [After 145 years (all data)](https://raw.githubusercontent.com/zonination/investing/master/returns.png) +* [Your chance of selling short](https://raw.githubusercontent.com/zonination/investing/master/snippets/short-probability-2.png) +* [Animated](https://github.com/zonination/investing/blob/master/README.md#other-visualizations) + +The plots above were generated based on past returns in the S&P. So at Year 1, we take every point on the S&P curve, look at every point on the S&P that's one year ahead, add in dividends and subtract inflation, and record all points as a relative gain or loss for Year 1. Then we do the same thing for Year 2. Then Year 3. And so on, ad nauseum. The program took a couple hours to finish crunching all the numbers. + +In short, for the plots above: **If you invest for X years, you have a distribution of Y possible returns**, based on previous history. + +Some of the worst market downturns are also represented here, like the [Great Depression](https://en.wikipedia.org/wiki/Great_Depression), the [1970s recession](https://en.wikipedia.org/wiki/1973%E2%80%9374_stock_market_crash), [Black Monday](https://en.wikipedia.org/wiki/Black_Monday_(1987\)), the [Dot-Com Bubble](https://en.wikipedia.org/wiki/Dot-com_bubble), the [2008 Financial Crisis](https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308). But note how they completely recover to turn a profit after some more time in the market. Here's the list of years you can invest, and still be down. Take note that **some of these years cover the same eras**: + +* **Down after 10 years** (11.8% chance historically)**:** 1908 1909 1910 1911 1912 1929 1930 1936 1937 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1998 1999 2000 2001 +* **Down after 15 years** (4.73% chance historically)**:** 1905 1906 1907 1929 1964 1965 1966 1967 1968 1969 +* **Down after 20 years** (0.0664% chance historically)**:** 1901 +* **Down after 25 years** (0% chance historically)**:** *none* + +--- + +**Disclaimer:** + +Note that this stock market simulation assumes a portfolio that is invested in 100% US Stocks. While a lot of the results show that 100% Stocks can generate an impressive return, **this is not an ideal portfolio.** + +**[A portfolio should be diversified](https://www.bogleheads.org/wiki/Three-fund_portfolio)** with a good mix of US Stocks, International Stocks, and Bonds. This diversification helps to hedge against market swings, and will help the investor to optimize returns on their investment with lower risk than this visual demonstrates. This is especially true closer to retirement age. + +In addition to this, this curve only looks at **one lump sum** of initial investing. A typical investor will not have the capital to employ a single lump sum as a basis for a long-term investment, and will instead rely on *dollar cost averaging*, where cash is deposited across multiple years (which helps to smooth out the curve as well). + +--- + +If you want the code used to generate, sort, and display this data, I have made this entire project open-source [here](https://github.com/zonination/investing/). + +Further reading: + +* [Personalfinance Wiki on Investing](https://www.reddit.com/r/personalfinance/wiki/investing) +* [I have $X. What do I do with it?](https://www.reddit.com/r/personalfinance/wiki/commontopics) +* [The Bogleheads Wiki on Three Fund Portfolios](https://www.bogleheads.org/wiki/Three-fund_portfolio) +* [cFIREsim - open-source portfolio simulator](http://www.cfiresim.com/) +So I am long long on SOFI. I bough 100 shares. And I am fine with owning 100 shares of it, I am super bullish on the company in general. So my position right now is at 9.54. I sold 1, one single contract, covered call at 10 strike expiring Mar 18th. So basically If SOFI below 10 by next week, I keep the premiums. Now I also understand that with covered calls, your max loss is infinite, BUT all I have to do is simply wait. Because either, whoever I sold my contracts too, they exercise and I get my shares taken away or they do nothing and the contract simply expires and I keep all the premiums. Please correct me if I'm mistaken. I open to any and all ideas and criticism. +As many things in life, everything is temporary. Eventually the WLB guys will want to get out and collect a nice payout. In some ways I wonder if theyā€™re pumping the stock further to eventually sell out at some price target. + +Seeing students throw their entire education funds in, every day joes throwing their savings at GME even at this point is astonishing. + +Eventually the movement wonā€™t matter, what will matter is how much you made and when you got out, itā€™s only a matter of time. + +Iā€™m bearish on GME, once the guys who initiated this (and their wealthy acquaintances) will say ā€œenough is enoughā€ they will sell out and I doubt they will be socializing the sell out as much as they are socializing the buy in ā€œfor the movementā€. + +When this happens the media will take this as a stab to blow their rep. + +Comment on your bearish moves if any... +I saw a good post about comparing real estate vs the wheel. It just made me think that options premium can be a good source of passive income. + +Is anyone here retired? How about early? :) What's your story? + + +Personally, I hope to be semi-retired soon with a real estate property and some freelance writing. +I sold 7/2 $14c last week and the underlying has taken off. Should I be concerned the shares will be assigned before expiration? I really don't want to pay this insane premium to keep my underlying. +Currently, selling the Nov $80 put and Dec $185 call nets $75.50 in premium. Placing breakevens at $4.50 and $260.5. If nothing else this is an interesting development to watch unfold. +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. +My friends undergraduate degree was in sociology, which is not math based at all, asa result he never took advanced math like calculus. He wants to get a PhD in economics and thinks he can get into a PhD program at a local university. He is wondering if he will be able to learn the math required for the PhD program and if not how can he learn it without taking classes at a school. +Worker search cost is a concept that's frequently brought when people talk about minimum wage. It makes perfect sense that workers incur a cost when switching jobs and thus the market cannot be considered efficient. + +However, employers also incur significant cost when switching employees (administrative cost, overtime for remaining employees, loss in businesses due to last minute notices) and this is less frequently brought up. + +I know labor economists tend to be pro-worker but is there any good paper on the cost on employers and how it should be factored into the minimum wage discussion? +What would be the expected effects of a monspony and monopoly in the same market? Is it accurate to just ā€œcombineā€ the effects of each and conclude that quantity will be lower than the ideal level while the price level is indeterminate? +I realize this question might invite comedic responses, but it's an earnest question so I'm hoping for some serious ones as well. + +If you know of any particularly convincing refutations, I'd really appreciate it if you could direct me towards them. In particular, I'm interested in resources that discuss factors correlated with/indicative of market inefficiency. I'm not super well-versed in economics or the jargon of academia, so books/articles legible to non-economists are preferred. +I have just finished a module on undergrad financial econometrics and was wondering if there is any good websites to stay on top of it? I didn't do amazing in the midterm (54%) and really want to get on top of it for the final exam in summer. +I'm thinking in doing a future math masters degree involving analysis, differential equations, partial differential equations and topology. Maybe it's a good basis for future academic career advance. +To start I am in favor of it because my understanding of the issue is that it would lead to in general a higher quality of life for people of the lower class, which I acknowledge that I am a part of. The red side of me however is harping on the notion that I earn as much as I do as a result of great personal effort and time investment into my craft, beyond working hours, etc etc you get the idea. + +My reaction is that my buying power in relation to the average is going to decrease by a noticeable and uncomfortable amount. Again this is just on a personal level, I feel as though I am in a very specific demographic that stands to in a selfish way lose out on this concept. Does this idea hold any water and if not, why am I wrong? +I hope this question is not against the rules and it may be related to financing but then again I want to question the economic theory behind monetary policy. I want to share a few facts I heard: + +1. US government debt exceeds 110% percent of GDP. +2. Household debt is higher than 80s and Volcker himself said that raising rates so high would not be applicable with today's high debt levels. +3. Inflation expectations is the key factor to control inflation. Today interest rates are still negative. If expected inflation stays high, credit usage would also go high due to expected negative rates. This itself yield to higher inflation due to monetary expansion. I guess this is aligned with infamous Game Theory + + +Now my take is that FED cannot raise rates higher than 4 percent as that would lead to systemic failures due to high debt levels. US government interest burden will go beyond manageable levels. Banks who are rolling over their long term loans with short term financing will choke. Households under high debt load and investors heavily leveraged will start to unroll and trigger asset price crashes. This is where the monetary policy tools get stuck, monetary policy cannot yield to government failure, social unrest and major bank failures. + + +IMHO what Fed is trying to do is bringing down expected inflation with scare tactics to ensure that there wont be runaway inflation. Hence they have been talking a lot and try to scare whenever optimism kicks in to ensure they won't face the worst case, run away inflation because they have no tools to stop it. + +So my question is that it seems like monetary policy based inflation control is a fallacy, especially after such a big run on loose money and high government spending. I don't see how FED can control this situation without some government action unless public cooperates with FED and do not make plans based on high inflation. +I've heard it said (I don't have any proper sources to back this up so it's basically just hearsay) that most modern economists view immigration in general to be responsible for very short term economic loss but long-term gain. + +I'm mainly interested to see if there have been any particularly good studies or meta-analyses to give answers about the economic impact of migration from the EU to the UK. Especially since the nature of EU migration is very different to "normal" migration (freedom of movement and all). Also I'm asking for consensus because, not being an economics student of any kind, I don't have the expertise to confidently judge the quality of any given study without just relying on consensus. + +Thanks to anyone who has any sources. + +I'd also be interested to find any similar sources on immigration from *outside* the EU to the UK or the effects of immigration on western democracies more generally. +I'm [looking at their per capita GDP figures](https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita), and you can see that Ireland has more than the USA. + +When and how did this happen? How did their economy per capita surpass the USA? + +[It seems that even though there are many nations who suffered during the Great Recession, they bounced back very well and even more than nations who were never impacted by the Great Recession - like India, China, or Japan.](https://en.wikipedia.org/wiki/Effects_of_the_Great_Recession#Countries_most_affected) +I see a lot of support for carbon tax among economists generally. If markets are not capable of pricing in carbon emissions as they are externalities then how can economists do the same to set the optimal carbon tax rate? +Howdy! I'm physicists working on my PhD and I used to be really interested in economics. I've read the mainstream basics of the field; Keynes, Friedman, Hayak. This, in conjunction with talking to other people about economics, reading Reddit, and psychologist like Johnathan Haidt have convinced me that almost no one knows what they're talking about and are just using motivated reasoning to convince themselves and others that the economy works exactly like their political/emotional prejudices says it should. + +Max Tegmark is a famous cosmologist and started getting a PhD in economics before dropping out, he had this to say + +"Alas, I soon grew disillusioned, concluding that economics was largely a form of intellectual prostitution where you got rewarded for saying what the powers that be wanted to hear. Whatever a politician wanted to do, he or she could find an economist as advisor who had argued for doing precisely that. Franklin D. Roosevelt wanted to increase government spending, so he listened to John Maynard Keynes, whereas Ronald Reagan wanted to decrease government spending, so he listened to Milton Friedman." + + +Are there any economists who are genuinely curious how the economy works, and keep their political beliefs out of it? Each side is of course convinced their own people do this, but is there anyone who both sides agree is doing good unbiased work. I know of course that no one can be TOTALLY unbiased + +[M1/M2 ratio](https://fred.stlouisfed.org/graph/?g=ob9E) is consistently rising since the subprime crisis. and it's a phenomenon that happened only 3 times in history. i don't know if it's linked to other affairs but when it's appeared first time in 1985-1987 there was S&L crisis. and when it's appeared second time in 1991-1994 there was The great bond massacre. but i have also observed this phenomenon in Japan as well. after their GDP growth has stopped around 1995 the M1/M2 has began to rising. so what all it means? +I am looking at a chart of Social Spending here: + +[https://data.oecd.org/socialexp/social-spending.htm](https://data.oecd.org/socialexp/social-spending.htm) + +It suggests that the US is # 2 in Spending on Social Services as a percentage of GDP. This includes Public & Private Spending on Social Programs ("Benefits may be targeted at low-income households, the elderly, disabled, sick, unemployed, or young persons."). I'd prefer to look at per capita data, but this data is only available for Public Spending. The US fares pretty well in this figure as well (top 10 out of \~35). Better than Netherlands, but not as well as Denmark. + +I would imagine that the US places in the top 3 in *total* spending per capita. (haven't done the math) + +I understand that the US has high wealth inequality. But isn't this high per capita spending on Social Programs a good indicator that regardless of moral character, or failures of efficiency in individual markets (e.g. healthcare) the US is more prolific than most at delivering "value" of Social Programs to its citizens? + +Can someone explain what I am overlooking or misunderstanding? US-style Capitalism is generally portrayed as being harsh on the poor. I'm trying to understand how this reality might be illustrated statistically, if not as a measurement of how much money is being spent on these programs. + +Thanks for any ideas and information. + +**Edit:** I guess I was looking for an economist to say something like: "no we aren't actually out-spending everybody else, it just looks that way because of X." Or, because our per capita spending is skewed by outliers (the 1% etc.) it is not reflective of reality. + +What I am hearing is that we are indeed spending more than most other countries on Social Programs, but that we are not getting a good return on our investment. This it interesting to me because it would seem to suggest a topic fertile for bi-partisan compromise. I.e. perhaps Capitalism, and/or Private spending, is not "greedy" (i.e. a value judgement - "spends too little") but is just not good fulfilling certain needs of society efficiently. + +Not trying to start a political argument, more searching for avenue for collaboration. Seems like something we need these days. +As I understand it (from whatever little macroeconomics Iā€™ve learned in high school), the aggregate supply curve in the short run is horizontal and aggregate demand (mostly) is the real determinant of output. But economic policies in the developing countries seem obsessed somehow with supply side measures to boost growth and I see very little emphasis to boost demand. The analogy often used in the discourse in my country is ā€œthereā€™s no point putting your foot on the accelerator when the car is out of fuelā€ to argue in favour of supply side measures. I was wondering why demand side measures are so under-emphasised in times of crisis like this? +I believe that if things remain as they are today (and they almost certainly will), the entire world would be enveloped in a giant, virtually unprecedented economic crisis affecting billions of lives. To put this in simplest terms: I believe we are racing towards the single largest economic depression in human history. + +My reasoning for this is as follows: + +* There are multiple ever-expanding financial bubbles in the making today: student loans, cryptocurrency, real estate (yet again), the auto industry, etc. Many of these are based within the United States, but America's economy is the bedrock upon which the rest of the world's economic stability is built, for better or for worse. + +* The current state of Washington D.C. President Trump, inept though he may be, is but one of many factors contributing to what I consider gross economic mismanagement at the federal level. The current economic plan of the U.S. Congress is to kick poor people off their benefits. They will drastically cut spending for social programs like SSDI (hundreds of thousands will be kicked from the program), medicare/medicaid, food stamps, etc. This means that many working middle-class Americans will have less money to spend, and therefore businesses will lose profits. Since so many of the world's largest companies are American, and since so many of the non-American Fortune 500 companies are dependent on the American market for a substantial portion of their income, this will lead to lost revenue for many of them - leading to large-scale employee lay-offs, withdrawal from several countries, etc. + +* American investment banking companies like Goldman Sachs, Citigroup, Bank of America, and so on are still "too big to fail" - there has been an epidemic of white collar crime since the early 2000s following the repeal of the Glass-Steagall Act. Following the subprime mortgage crisis and the Great Recession, almost nobody who defrauded ordinary borrowers or misappropriated funds has been prosecuted for it. This means that they can act with near-total impunity, and their willingness to exploit the financial sector is going to prove even more brazen during the next worldwide economic collapse. + +* President Trump has expressed a willingness to default on the U.S. debt, thinking that he can use federal bankruptcy to "make a deal". This is a remote possibility, but if Trump does in fact default on the U.S. federal debt, the entire world economy will collapse *instantly*. Literally overnight. + +I'm not an economist or an accountant, and am admittedly very limited in my understanding of finances, but I believe that the situation is far more dire than many people realize. Every nation on Earth - from the United States, to the United Kingdom, to Canada, to Botswana, to Japan, to Jamaica - will be severely affected by what will happen in the near future. I desperately hope that this is not the case, and that I'm speaking from a place of ignorance more than anything. However, I believe very strongly and with great conviction that we are going to experience an economic catastrophe within the next 2-3 years, one that will ruin or severely hamper the livelihood of billions across the globe. + +If I am wrong, please enlighten me. +If a job is undesirable e.g. pay is too low, hours too long etc. Why doesn't the free market automatically optimise it (by fewer people applying)? Why would a lack of regulation end up favouring employers? +Art education in public schools is one thing. But what about subsidies like grants to put on theatrical productions that would otherwise be unprofitable? It seems that the benefits of art go to the viewers (i.e. thereā€™s no positive externality). +With the Canadian federal election in full-swing, the major political parties have been proposing their plans to mitigate the housing crisis in the country. In these plans, the NDP, Conservative, and now the [Liberal party](https://www.bloomberg.com/news/articles/2021-08-24/trudeau-vows-two-year-ban-on-foreign-home-buyers-if-re-elected) have put forth extensive measures to quell foreign investors from purchasing Canadian homes. The popular narrative is that rich foreigners are purchasing Canadian homes as a form of speculative investment and then letting the houses remain vacant which puts upward pressure on housing prices. I've been trying to find statistics on how many foreign-owned homes are actually vacant to verify these claims, but I can't seem to find anything. Are there any good sources to explain if this is actually a substantive problem? +When hedgefunds use hyper-advanced algorithms to trade profitably, what value is being generated there? + +Is there some public good thats being produced? Is it contributing to a more efficient market, and marginally helping passive investors? Is it ensuring that sellers can sell to constantly running algorithms instead of less-efficient humans? + +I ask because I assume that when two people make a consensual deal, both individuals are getting something, and value is being created. Barbers get to pay their home mortgage, and I get a haircut. In that way it *feels* to me like the barber is creating public value in some sense. That's tangible, but algorithmic trading feels so abstract that it's hard for me to identify how society is being benefitted (if it is, and I assume it is). + +I dont know much about economics / finance, so feel free to reinterpret this in a way that makes sense. +Medicare only covers 25% of services. So the patient is either on the hook out of pocket or they pay for supplemental insurance. That seems like a multi-payer system to me. + +And what is multi-payer, if Medicare isn't? +As a scientist/engineer, it's really frustrating sometimes when I see people in medicine paid multiples of my salary, even though we are inventing the technology for them to use. The scientific rigor of a PhD completely dwarfs that of an MD, (and certainly a PharmD or Nursing degree and whatever other professional D's there are), but these fields make so much more. Physicians make hundreds of thousands, pharmacists make between 110 and 150 thousand, and even nurses can get into the 6 figure range. + +How can the salaries of scientists and engineers improve? Would it take increased government funding of the NIH/NSF? +Mining of such an asteroid could contain many billions of dollars worth of minerals and metals that are comparatively rare here on Earth. Aside from possible price crashes, what effect would it have on the world economy? +So I know thereā€™s a list of blogs in the community info but thereā€™s like 50 of them and some of them are kind of inactive. I was wondering what everyoneā€™s go-to blogs for economics were? Iā€™m an Econ major and I want to be able to relate what Iā€™m learning at school to real world events and studies being done. Im most interested in fiscal policy and macro in general. Thanks! +I have always been skeptical of individuals who say that robots and automation in general will replace workers in the workplace, causing mass unemployment and possible a depression. + +My way of looking it this is: + +1). The economy will specialize even further to accommodate workers displaced by automation + +2). If robots are taking over, and no one can get jobs, why would the economy still replace human labor with robots? If there is mass unemployment and people canā€™t buy the goods that robots produce, why would there be an incentive to create even more robots to produce more goods that consumers canā€™t afford? + +I have seen someone explain to me that the upcoming ā€œindustrial revolutionā€ will differ from the last, in that in this upcoming revolution machines are meant to replace human labor as opposed to make labor more efficient. + +I know that at this point any guess will be based in mostly speculation, but what say you reddit? +What is the work load/ work type in post-grad Econ courses compared to undergraduate Econ courses? What would you suggest someone do - read up on, study, touch up - before starting one of these programs? +Can anybody speak on any specific policies and what effect they might have? + +Also: can anybody speak on the mention of China devaluing their currency to gain an unfair advantage? +So I know rent control lowers the supply of rental units, raising prices for non-rent controlled units and make it harder to find apartments available for newcomers or people relocating in the city, but are there any variations of it that are able to have to social effect of increased housing stability and decreased displacement, while mitigating some of the negative effects on rental supply? + +If there arenā€™t any, then are there any alternative solutions to promoting rental stability/reducing displacement while also promoting increases in the rental supply? +I have family living in several states and theyā€™re all witnessing the same thing. Grocery bills have gone up in general but meat is becoming scarce and expensive. +I have family living in several states and theyā€™re all witnessing the same thing. Grocery bills have gone up in general but meat is becoming scarce and expensive. +Does economic growth depend on a deficit? Like since a deficit means the government is spending more than itā€™s taking in would that mean that there is more money in the economy which means there is some level of growth going on? Alternatively, does having a balanced budget then mean less or no growth? +I know it's a medium of exchange, unit of account, and a store of value. But like what is it really? Is it a reward for increasing the utility of the world? If so why do hustlers make money? +We often hear about the potential dangers or benefits of printing money like inflation, increasing the money supply, driving asset prices up. But as a non-economist, I've never heard about the destruction of money. + +How does this happen? Taxes? Bankruptcy (this is what started me on the train of thought) ? Physical degradation? + + +Is it something that is done on purpose? Who does it and why? What are the benefits? +Hey guys, I'm doing my bachelor's thesis and decided to go with market efficiency (there were 10 themes but most of them were about accounting so I went with this one). I got an idea about what market efficiency is from the internet, but I don't think that's actually enough for a whole semester of writing, do you guys know of any ressources on this subject? Books, studies, etc? + +PS: I'm moroccan so the thesis should be in french but the languae of the ressources doesn't matter, as long as it's in english, thanks in advance! +A very common premis in international economics is that every state has a comparative advantage in some aproximately equal areas of economy in contrast to the rest of the world. Why? Do we know everyone has advatages? If a country has little to no advantages, why would it join international markets for anything it can produce, if it would lose those jobs in free trade and there is no obvious areas of comparative advantage to consentrate on? +Economics is not even considered a science by some people or is considered too mathematical for a social science to explain real human behavior,cannot predict events so is not a science.As an undergrad econ student,this criticims made me question my decision to study economics.I want to understand economic systems and want to study development economics.However,what is there to study if economics is not even a science? +My family has about $1 million in property in turkey. the Lira has been crashing and I know it will lose 30% of its value every year for the next decade of longer. What will likely happen if there is Venezuela-type collapse of the currency. Will the real estate become worthless or will there be some sort of floor based on the intrinsic value of the homes. If the lira goes to 100-1 against the dollar then in theory you could buy homes for $1000 which seems absurd + + +As the title says, I was looking to claim my tax relief ahead of the start of the next financial year as I had done previously. However, I found it a little confusing and there didn't seem to be a straightforward option to do this anymore. + +After a trip onto Google, articles seem to suggest that the WFH allowance is ending for 2022-23. Is this the case? Is there an alternative? + +Thanks in advance +I've just had an email today saying when my Virgin contract renews at the end of the month, the lower price I've been apparently enjoying (Ā£33) will come to an end and will go up to Ā£49 per month. +I'll be honest, I'm not happy paying Ā£49 a month for internet that doesn't reach the garage at all and struggles in other rooms. + +Does anyone have any suggestions about how to get the price down? Or do I just call up and threaten to leave? +Guys, the DAO runs ON TOP of Ethereum. Concern trolls can say whatever they want about the code superseding the intent. The DAO's contracts become meaningless if the underlying platform pulls out the rug. The DAO's rules only apply so long as the consensus of the Ethereum network allows them to. +Some of you who were here about 2 months ago may remember I shared my comprehensive guide to ether investing for beginners. + +Post for reference: https://np.reddit.com/r/ethtrader/comments/6cn1cw/for_all_new_investors_and_investor_wannabes/ + + +At the time I created the guide, if you were following my posts, I was fired from my dev job. I made the decision at the time to take that opportunity and go in 100% to what I was doing with helping people getting into ethereum, especially as investors/hodlers, etc. + +Post for reference: https://np.reddit.com/r/ethtrader/comments/6d3kl1/a_beginning_an_end/ + + +Since then I partnered up with a business associate and we started descrypto InnerCircle. We also re-branded the beginners guide and another guide I created teaching how to safely participate in ICO Sales and Presales, added some niceties to it for total noobs to cryptocurrency in the beginners guide...so they get a quick intro into what they are even investing in, etc. + +I also removed the free guide from my ethadvisor site. While I really wanted to let the guide draw donations naturally, it didn't take, I did receive a couple small donations at the beginning to which I'm very grateful, but it hasn't proven to be a sustainable model in providing content and doing this 100% of the time. + +As I said, I made the decision to commit myself to my passion, blockchain tech and cryptocurrency investing, and do this full time because I believe in what it will become. Descrypto is not yet a profitable business ATM, but we are building something really important for the crypto-community and believe it will get to the point where it will pay the bills while we provide our best content, strategy and community to our members. + +While we continue this move to focus entirely on Descrypto InnerCircle, we are shutting ethadvisor down within a couple weeks. All our training material will be available to our members only, going forward, with the exception of the original Beginners Guide referenced above and the ICO Participation Guide. + +These will be available to anyone who is interested, at a reasonable price. You can email me (ethadvisor@gmail) or PM me if you're interested in a copy of one or both. + +I cannot express enough, how grateful I am to this community for everything you've done to help me in my own journey and for being an encouraging place that really inspired my business partner and I to launch Descrypto InnerCircle. We are spending our time nurturing our growing community there, providing strategy, ICO analysis, How Tos and more to our members and it's time to retire EthAdvisor...so again, thank you to this subreddit for being an important part of our process! + +Happy investing and trading to all! + +Sincerely, + +John Westbrook (chickenbreth aka ethadvisor) + + + +https://blockchain.info/unconfirmed-transactions + +4:07pm EST 5/16/2017 Bitcoin hit 200,000 unconfirmed transactions, its highest yet, and is continueing to rise. + +https://bitcoinfees.21.co/#fees +As of right now the average transaction fee is, 0.0000039 BTC/byte with average byte size 226byte, resulting in average fee of 0.0008814 BTC or $1.56 each. + +I can haz flippening now? +Those are the three key aspects of your journey to FI. + +On a one to ten, how did you accumulate your FI? + +For me, I made a very good salary at a big fortune 1000 company. I was pretty good at reducing my expenses ... held onto cars for 10 years, drank cheap beer, etc. However, I think I'm excellent at investing, using the right instruments (401K, IRA Roths, etc), researching safe investments, etc. + +Making $ -- 7 + +Reducing Expenses -- 6 + +Investing $ -- 9 +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# šŸŸ£ [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! + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 tradeā€“ 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/) +I had a search through this sub and couldn't find an answer, so I hope this post is allowed. + +For a bit of backstory, my partner and I have completely separate finances but have a joint account that we both put the same amount in which covers rent, bills, food etc. This is put in 50/50. Now that I'm pregnant we're looking into how best to split/deal with finances when I'm on maternity. + +From my workplace, maternity pay works at around: + +-2 months full pay + +-4 months half pay + statutory maternity pay + +-3 months at statutory maternity pay + +-3 months at nothing + +For the first 6 months I know things will be okay, it's just from 6 months onwards that will be a challenge. Ideally, I'd like to take the full year but completely aware that this might not be possible. From my perspective I think the best way to move forward would be for both of us to save money up until my maternity leave starts and then from 6months I would then have access to this money and be on a salary so to speak? (This would then cover my portion of rent, bills etc. and then have money for myself). + +Or the other option would be both of us putting our salaries into the joint account, but as we do have such separate finances I think this would be a huge adjustment for us and I'm not sure if doing this when we're about to have a huge life change is the right time to do this. + +I'm really intrigued to know how others have manoeuvred maternity leave and finances! + +Edit: thank you everybody for your comments and sharing your experiences. I will most likely lose my job if I attempt to respond to anymore but I have tried to read as many as possible. + +The most common responses that I got where: + +1) My boyfriend take on all of the bills/cover my shortfall whilst on maternity. + +2) Put both of our salaries into a joint account which will cover all bills and both spend from the account. + +3) Similar to 2 but put both salaries into a joint account but allocate discretionary money into separate accounts so we both have money for ourselves (guilt free!) + +Iā€™m heavily leaning towards option 3! But I really do appreciate everybodyā€™s help with this ā˜ŗļø +I tried submitting to /r/investing in hopes of hearing what seasoned investors had to say about this new and exciting stock offering. Looks like they have some prejudice when it comes to anything related to bitcoin. + +>ā€“]from hedgefundaspirations[M] via /r/investing/ sent 6 minutes ago +>OTC markets is a known spam link. I already explained this. **Also we're not going to allow direct bitcoin links. We don't want to encourage that kind of post.** + +>[ā€“]to hedgefundaspirations[M] via /r/investing/ sent 2 minutes ago + +>OTC has over 10k securities and 4.2 Billion dollars in volume and you consider it spam? This is about a fund backed by bitcoin, an actual investment vehicle that people can buy into with their retirement accounts and you won't allow discussion about it? +>Can you explain what specially about "this kind of post" you are discriminating against? + +I doubt I'm going to get an explanation, but it blows my mind that an investment sub-reddit won't allow discussion about an investment vehicle that is publicly traded. + +EDIT: Got a reply, the bias is strong.. + +>**As for "this kind of post", I am referring to bitcoin posts.** + +>This is the last comment I'm going to make on this. If you remove the links I'll reinstate the post. If not, then I won't. End of story. + +They imply that I can ask about bitcoin but not link to anything related to bitcoin. I'm not even going to bother. + +I've gathered that as a rule of thumb one should match goal duration with that of average maturity period of a debt fund. That suggests that for long term goals one should invest in long term debt funds. But I came across a bunch of articles ([here](https://economictimes.indiatimes.com/wealth/invest/is-it-time-to-invest-in-duration-mutual-funds/articleshow/66997690.cms?from=mdr), [here](https://www.moneycontrol.com/news/business/personal-finance/interest-rates-may-have-peaked-and-could-fall-should-you-invest-in-debt-funds-now-3307791.html) and [here](https://www.icicipruamc.com/download/cross%20sell/marketoutlook_may19/Fixed_income_update_may19.pdf)) advising against investing in long-term debt funds. So, if I've a 10Y goal with 60/40 equity/debt asset allocation, where should I invest the debt component? + +&#x200B; + +It would be really helpful if you can elaborate your fixed income strategy. What percentage of your fixed income is in what categories of debt funds for what duration of goal. +https://www.livemint.com/companies/start-ups/will-zerodha-compensate-investor-losses-caused-by-tech-glitch-1567081489655.html + +> On Thursday Zerodhaā€™s online trading platform Kite crashed for about 25 minutes between 9:55 am and 10:20 am due to a technical glitch, resulting in many users not being able to place orders through the platform. Users and investors took to Twitter in large numbers to express their concerns because this is not the first time such a situation has risen. Users said theyā€™ve experienced similar technical issues in the past during event days--days with heavy traffic. + +> Users posted screenshots of how much theyā€™d lost due to the glitch and some even went on to say that Zerodha should be held responsible and must compensate customers for the loss. A user reported a loss of up to ā‚¹2 lakh because he wasnā€™t able to book profits due to the black out. But is Zerodha really liable to compensate? + + +If something is mission critical for a customer, they shouldn't really be using a discount broker who is practically free. Not the the regular brokers provide any guarantee, but at least they are making profits so can possibly afford better infra. +People are going crazy in the market since last week regarding the IPO of Indiaā€™s second largest card issuer and claiming that it is exactly like IRCTC IPO. Word on the street is stock issue is grossly undervalued, grey market has priced it at 950-1000 levels. +I didnā€™t want to invest in it but after reading the numbers, I am interested and I think i will put decent amount of capital in it. I think my emotions are getting better of me due to hearing about the stock in every second conversation and just want the piece of the action now. + +Are you guys going balls deep or staying put? + +Update: The price band for SBI Cards and Payment Services IPO has been fixed at Rs 750-755 per share. +I am very new here so my limited Google skills are showing but let me throw an example to you guys... + +Let's say in the last couple of months I made ā‚¹10000 in short term gains. Let's also say that in February I put some money into some Stocks/MF/ETF that I plan to hold for the long term but are currently down by ā‚¹10000. Note that so far I have not realised these losses because I am holding them. + +So this is what I am thinking: + +Tomorrow, I sell these Stocks/MF/ETF at Market price and book the loss. On T+1, I buy these back at Market price (because I believe in these stocks for the long run). Assuming, I am okay with the risk that I might lose out on some minor gains in that day or so, my tax liability should go down from 15% of ā‚¹10,000 (ā‚¹1500) to whatever transaction fees that might apply (<ā‚¹500), saving me ā‚¹1000. + +Does that sound right? Or am I missing something here? Or worse, is this under some form of tax fraud? + +US market wasn't as bad on Friday. Opened bad but after multiple attempts to recover, ended with relatively mild loss (.8% in s&p and 1.3 in dow). I must add that it recovered 2.5% in last 15min. This was likely because of some fed chief statement that they will intervene and cut some rate and stuff. Also, Dow futures are now in green which is important. + +Because of above two factors, i think US and indian market, which is trying to mirror US, will stay positive or low negative next week. + +Feds can cut rates but cant help with virus problem. Which might get severe next week. So after opening green, the challenge will be to sustain those levels after the cuts. + +When nifty opens green, people might see an opportunity to buy some fundamentally sound stocks at huge discounts which is not a bad idea, but could become a trap if virus situation worsens(which it will). + +Your thoughts? +[Link] (https://www.reddit.com/r/india/comments/4cp8qf/npupdate_help_my_bank_account_just_got_hacked/) + +Thank you redditors for all the help! + +A little background: My mom does not live in india currently. She trusts my dad with her banking. They are not separated or have any issues between them. So please refrain from commenting that one of them could be cheating or whatever. + +I am handling this fiasco on their behalf. + +This is my mom's bank account. + +On 21st March 2016, a total of four messages were received on her registered mobile number. No SMS / emails of OTP were received prior to these four messages. + +* 12:38 PM - Payee A/c XXXXXXX added +* 12:41 PM - Payee A/c XXXXXXX added +* 12:42 PM - INR 1,00,000 debited +* 12:47 PM - INR 35,000 debited + +These two beneficiaries were NOT added by mom or dad. Nobody knows these persons. These transactions were unauthorized. No account passwords, card details or any sort of information was divulged by anyone to any third person. They did not receive any calls/ emails or meet any person asking them to share details. My parents do not use the mobile banking app. This account is not even registered for it. + +My dad headed to ICICI Bank as soon as the first SMS of a payee added was received. As he entered the bank premises, another message that INR 1,00,000 have been debited from the account was received. He requested bank manager that a fraud transaction has happened and to please freeze the account or stop transactions. Unfortunately, the Bank manager outright said she couldnā€™t help him although he had proof (Pass books,Original Passport which mentions mom as his spouse). Rather she directed him to call the customer care support and head to the police station. + +While having this conversation another fraud transaction of INR35,000 was made. This happened when he was in the branch with request to stop the transaction by any means. + +I understand that a bank cannot just stop transactions because someone said so. But they should have at least paid attention to the issue. Some sort of action. By this time, mom was on the phone but no response from the customer care. + +Meanwhile, we went and gave a complaint to the Cyber Crime Cell. I say gave because they did not file a formal complaint and told us that this is the issue of a bank and bank has to solve it. + +We went back to the bank with a handwritten and signed letter from mom saying that she gives dad the authority to handle this matter. I can, again, understand why this cannot be accepted by the bank. But the manner in which the bank manager and her assistant behaved was casual and rude. They kept insisting on getting my mom to register a formal complaint although they knew very well that my mother is not in the country. We were not offered any sort of guidance on how to proceed except the stock reply "call the customer care". And it should be noted that my mother was calling the ICICI call support to receive zero response. + +We got really fed up and went to the police station again. Where they said they cant do anything again. We told mom to head to the ICICI branch in her city. She spent more than half a day there but ZERO ACTION. + +Dad caught hold of ICICI CEO email and sent it straight to her. We got a reply from the office saying that they will respond by 29th March 2016. But as of today, 31 March 2016, no one has replied although i have sent them reminder mails. + +I will be updating this thread as the situation progresses. + +tldr: bank account got hacked, ICICI is investigating. + +[UPDATE] 01 April 2016: Sent emails to ICICI senior management(again!) and RBI ombudsman from the link provided by u/madrascalcutta (https://www.rbi.org.in/commonman/English/Scripts/AgainstBankABO.aspx) + +[UPDATE] 07 April 2016: icici management has asked us to wait for a month to complete the investigation. +"If you live in a house, it's not an investment... You're not investing in a house, you're spending on it." + +[https://www.capitalmind.in/2019/10/podcast-should-you-buy-a-house-ep-13/](https://www.capitalmind.in/2019/10/podcast-should-you-buy-a-house-ep-13/) +Hi everyone, I thought I'd post a quick update about my situation now the Christmas and New Year rush is over. + +Firstly, I want to say a huge thank you to everyone who messaged me, sent me a donation, sent me a gift and provided advice. I don't even know how to show my gratitude to you! You helped me through a very dark time in my life and you genuinely helped to keep my alive. + +I provided a screenshot of my IVA account to many of you, along with the mods to show I wasn't lying about this. I have a police report too but you will be glad to hear this is now with a solicitor so that's why I haven't posted that too. The solicitor thinks I have a good chance of getting out of my IVA due to it being mis-sold so here's hoping! Thank you for giving me the ideas and strength to actually contact someone about this. + +With your donations, I was able to have fresh meat and veg for the first time in a long time! I actually enjoyed my Christmas, which I spent at my local food bank feeding the homeless. I used some of the money to donate to this and bought crackers so there was some fun for people less fortunate. I also have a bit left which will help me to eat a bit better throughout January. + +My mental health is improving (thanks to whoever sent the remedy drops, they've helped!) And I've been in a much better place lately. I know money isn't everything but having that little bit extra has changed my outlook. My mood has been affected the most by the help and messages I've received, I know there's some good people still out there! + +Lastly I just want to say a huge thank you again. I would almost certainly not be here if it wasn't for the support I received for you guys. + +Thank you! + +P.S extra special shout-out to whoever sent me that electric blanket, that's amazing! +At my previous employer (different country), I put 5% and they put 15%. However, if you left before retirement you only got back your contributions. + +In the UK, things might be different. My company uses Nest Pensions and they contribute 4% while I put 4%. + +If I were to leave, does my Nest account retain their (the company's) contributions as well? +It seems like a lot of the most recent DRS posts are whales with X,XXX shares DRSd. As a modest ape even after the splivvy, I just hope us with XX or even X shares arenā€™t forgotten about during the MOASS. + +Buy. DRS. hold. + +I do plan to buy and DRS a few more. :) +The purpose of this governance vote is to address donut farming from memes and tweets. The proposal includes all of the following changes. + +1. All memes must be posted with the flair ā€œcomedyā€ +2. All images of tweets/reposts of social media must be posted with a flair of ā€œmediaā€ +3. Karma weighting for posts with the flairs ā€œmediaā€ and ā€œcomedyā€ will be reduced to 10% for donut distribution +4. Restrict the ability to edit post flairs to only mods + + +Link to [Poll Proposal](https://www.reddit.com/r/ethtrader/comments/le7c6u/poll_proposal_change_donut_distribution_for_memes/) + +[View Poll](https://www.reddit.com/poll/lg6sbe) +I do not have the guts to have dollars, very centralized currency, the devs are totally obscure, there are people who control the supply, governance is questionable, you do not have the private key. + +I'm out. I gonna dump all my dollars. + +Decrease 67% of the value in one month! +&#x200B; + +https://preview.redd.it/mrkd7s8b7kh61.png?width=1185&format=png&auto=webp&s=fd2f360e216e41ff9d4c9d7d64ba32845c76e9ea + +Looking as bitcoin neared toward $50k mark earlier today I was increasingly motivated to find my old stash of bitcoins back from 2012 when few people had even heard this was a thing. I recall it was the time where Mt Gox was the only real exchange around and we crowded on IRC channels as well as bitcointalk.org. In 2012 I cashed out 120 bitcoins for a grand total of 1.6k usd - which will remain the worst 'investment' ever for the remainder of my life time. + +On another note, today I was scanning all my old wallet backups and found 0.04 bitcoin, worth about 2k USD!!! + +EDIT: Found all these old transactions where I was throwing around 2.5btc like it was nothing... lol (I used to gamble on the OG bitcoin dice site called SatoshiDice and made a sweet penny from there as well) + +https://preview.redd.it/9rktvtlmmlh61.png?width=1176&format=png&auto=webp&s=572258bc6caa4473194ad97df1b362d05b443783 +So long story short I have a remote contract job with a Recruiting agency and when I signed up for it it said "full time role 40 hours a week" so I'm basically on call and available to the employer for those hours however some days they don't give me any work and so I feel I can't log in those hours and get paid for the gaps. + +And now I'm in this limbo because I need to get paid my full 40 or I wouldn't have taken the job and I fee like I'm on call for them and can't pick up another freelance job for the pay/hour gaps, what should I do, today is the day to submit timecards for approval and of course the recruiter isn't answering emails or phone calls. +For clarity, my dad makes over 100k a year but because of us and his debts we are still in the red. + +I don't know if I should look for cheap colleges or go to my first choice, Iowa. + +I have a 3.8 GPA with a 33 ACT (planning on also taking the SAT just because) so I can pretty much get into most colleges in Iowa that I want, but I am worried about costs. + +There are several community colleges near me and I have been thinking about going to them. However I have been given the impression that because I'm "so smart" they would be a waste. I don't think I'm that, but people say that all the time.\ + +Seriously I lay in bed almost everynight just thinking about this and I just want to talk to someone. + + +EDIT: thank you so much for all your responses. I've read through them all even if I didn't comment. I will probably go to Iowa as most of the top comments put some things in perspective. I won't base my decision solely off of this but this thread helped me so much. I appreciate it and wish me luck :) +Good Morning, here's my watch list + +Gap Ups: CEMI, IFRX, INSG, QUMU + +Gap Downs: AMD, BA, BYND, CAR, HSBC, LYFT, MU, ROKU, SQ, TWTR, VRNT, WYNN + +Sorry for the late list, I have been busy this morning. Market is gapping down, No stocks with individual catalyst. I mentioned yesterday the weekly 200 MA over head could act as resistance. Now well see if the market continues lower. Next support level, last low on SPY at 218. level. Things might be a bit choppy today so be patient and wait for solid patterns before entering trades. Good luck +I'm wanting to take a course to build a good foundation, however, upon searching it seems most courses are just a series of video lessons where most of the information can be learned on YouTube for free. + +Are there any good courses that breakdown the material, and then quiz you on each section? I feel like this would make learning way easier and you would absorb information lots better if you were quizzed and graded after studying each section. + +Does anything like this exist? +My dad is currently addicted to stocks and it seems to be worsening. + +I keep telling him to put his money in an index fund but he keeps pulling out his MBA and venture capital classes he took from Georgia tech and tells me to shut up. + +Although I tell him statistically most people lose money from day trading he keeps acting like he can beat the market with individual stocks (he says that in the most literal way possible) and Heā€™s going one step further and making a trading bot now. + +I know heā€™s my dad and I donā€™t really want to fight him but Iā€™m really worried about him seemingly gambling away his life savings. He is soon going to retire from his data-analytics job. + +And although I know that some very talented people make money out of trading bots and stuff but It really is going against traditional knowledge on how to invest as a individual. + +Previously posted this on WSB and immediately got a comment to put all the money in bbby. It was fun and all but Iā€™d really like some actual advice + +Some additional context: I invest in individual stocks, bonds, and etfs. +I am a minor and a highschooler. +My investments total around 30000$ + +I read different stuff like john bogle, peter lynch, graham and etc to stuff on investopia. + +my dad is a data scientist who works as a r&d researcher or whatever. +He has a portfolio of like 300,000. + +Another edit: +He is a investor that often swings stocks +(What I was referring to the ā€œday tradingā€) + +He has stuff like TSLA and google and 3M +And lots of dividend stocks I recommended. +I just canā€™t get him to bury the idea of actually making a day trading bot and swing trading. + +My portfolio is 70% stocks (etfs, reits, blue chips, dividend sfocks) and 30% bonds. (Corporate&treasury) + + +To be a little more clear: +Heā€™s not retiring with 300k. He has real estate and if I recall correctly he has more in cash to what he has in stocks. His future plan is to expand the stock portfolio. + + +Lol you guys are kidding me right? +You keep asking me for his returns +Heā€™s up 1% this year. So? +He got hit by the crash and bought the dip +That doesnā€™t mean heā€™s capable of making long term returns šŸ˜‚ + +Who cares if he made money or not his logic is still flawed + +I literally had some dude post this on r/Gatech saying this is likely satire. I swear to god this is real. Why tf do you guys not take this seriously? This is a real problem to me + +I told my dad, he instantly downloaded reddit, and is currently going on a rampage to actually find this page. Thank you for all your kind opinions (sarcasm) and have a good day! +There is visibly more to the story than what I thought to be a good bet. Is gold down due to the expected interest rate increase? +Was the inflation already priced in and now with the Fed indicating that we're heading towards a new rate hike which is a direct measure to counteract the raise of the inflation it causes gold to drop? +Any consequences of offering 50k below the agent's price guide? Will I be asked to fck off?? šŸ˜† + +Edit for more context: +600k to 660k +3 bed 1 bath no garage but has off street car park +480sq land. 50kms from Melbourne CBD +was sold 370k 7 years ago. +Hey gang, +Hope you and yours are well :) +I know this sub isnā€™t for career advice but given my situation the finance angle is a consideration, plus you lot often get me thinking in ways I hadnā€™t considered so it helps. + +Iā€™m 32, wife and I have paid off our home (long story) I make 90-95k PA presently in my role and my wife stays home to look after the little ones (3 year old and a 1 year old) though she will return to work part time in the new year. + +The politics of my organisation are driving me nuts as they refuse to punish ineptitude nor will they embrace positive change, itā€™s Groundhog Day with the same easily fixed issues. + +Better men than me have tried to change it but failed however the money is slightly better than elsewhere in my field, I work okay hours (8-4) and I love my team- we are actual mates. + +Do I; +A. Keep fighting the good fight and try to make change (likely ruining any chance of advancement) + +B. Sink into to darkness, take the money and become complicit the problems + +C. Find some other job and it will probably be okay. + +Edit: +Thank you for your help everyone- Iā€™ve decided a combo of B until C is the way forward. +Thank you all again for your insight. +I am in my second year of bachelors of economics and finance at rmit. Iā€™m enjoying the course a lot and would want to pursue a masters and potentially PhD. Just want to know if anyone has had experience along this path? Would having a Masters or PhD help me in getting a better job? +Wells Fargo has been stealing from its customers for years! Surprise Surprise...NOT + +Most banks have been stealing from customers and the data is intense, the fines alone near the total market cap for cryptocurrency. If those are the fines guess how much actual money left to never be replaced again.... Pretty sad if you would ask me. + +&#x200B; + +We all know these banking institutions do not give a crap about us they will do whats best for their own needs and when they get caught they pay a small portion compared to what they truly captured for themselves. What I find most intriguing is that the public hear about it and then life moves on. + +&#x200B; + +To me this is why we need Bitcoin and cryptocurrency. We need it to keep things transparent and stop the big bankers from ruining innocent peoples lives for their own gain. All I want to do is educate the masses so they see the truth not what the media is showing! + +&#x200B; + +What do you all think we should do? Will bitcoin be the solution to the problems we currently face? + +Lets get a discussion about this going because I think there is a lot that we can explore via intellectual conversation about this topic! + +&#x200B; + +Joel Kovshoff + +&#x200B; + +Sources: + +[https://www.cnbc.com/2018/12/28/wells-fargo-to-pay-at-least-500-million-in-settlement-with-us-states.html](https://www.cnbc.com/2018/12/28/wells-fargo-to-pay-at-least-500-million-in-settlement-with-us-states.html) + +[https://www.ccn.com/wells-fargo-says-bitcoin-too-risky-for-clients-pays-575-million-fine-for-scamming-them/](https://www.ccn.com/wells-fargo-says-bitcoin-too-risky-for-clients-pays-575-million-fine-for-scamming-them/) + +[https://www.cheatsheet.com/money-career/wells-fargo-ripping-off-people.html/](https://www.cheatsheet.com/money-career/wells-fargo-ripping-off-people.html/) + +[https://www.clarionledger.com/story/news/2018/12/28/miss-collect-2-5-wells-fargo-consumer-laws-violations/2432192002/](https://www.clarionledger.com/story/news/2018/12/28/miss-collect-2-5-wells-fargo-consumer-laws-violations/2432192002/) + +&#x200B; + +&#x200B; + +&#x200B; +Hi, +So? The title says it all. + +Iā€™m a relatively good python data-cuncher / programmer but all of the algos I cook up just suck. Is anybody making profit, out of curiosity? + +I must have tried 25 ideas in the past 3 days. If I had worked at a department store instead I would have made more money than my best algo in a year hah + +I tried everything that I could think of, from realtime smoothing functions, peak detection, tensorflow predictions, ta indicators. I crossed and mixed and correlated and regressed and plotted. Still, the best I could do isnā€™t impressive. + +I would never let this crap place orders, thatā€™s for sure. At best Iā€™d make it send me an email. + +How about you? +I recently set up a web scraper to pull data from NASDAQ.com but since yesterday when I attempt to visit the site in my browser I get the following message: + +> Access Denied +> You don't have permission to access "http://failoverwaf-www.nasdaq.com/failover/outage-notification-2.html?" on this server. +> Reference #18.2783d717.1562710022.c742bce + +Could they have banned my IP address because my traffic? I tried using an in browser VPN and that also gave me issues however accessing from my phone is fine even on the same network. Does nasdaq have policy against using their site too much? +**TL;DR** There's lots more to the story. But the code is all open source now. Have at it. I'm too exhausted to continue with this. If you'd like more details, feel free to message me. If you happen to carry on with this project or use any ideas from it, I would greatly appreciate it if you could keep in touch on your findings. If anyone has any insights, please feel free to comment or message me. + +***** + +I've spent the last nine months working furiously on this. I started [a project](https://github.com/chaddjohnson/forex-backtesting) for backtesting strategies against data I exported from MetaTrader. I had a very powerful computer crunching numbers constantly, trying to find the most optimal configuration of strategy indicator inputs that would results in the highest win rate and profit possible. + +Eventually, after talking with a data scientist, I realized my backtesting optimizer was suffering from something called *overfitting*. He then recommend using the [k-fold cross-validation technique](https://chrisjmccormick.wordpress.com/2013/07/31/k-fold-cross-validation-with-matlab-code/). So, I modified things (in the "k-fold" forex-backtesting branch), and in fact it provided very optimistic results when backtested against MetaTrader data (60 - 70% win rate for 3 years). However, I had collected 3 months of data from a trading site (by intercepting their Web Socket data), and when I performed validation tests against that data using the k-fold results created from the MetaTrader data, I only got a ~57% win rate or so. In order to break even with Binary Options trading, you need at least a 58% win rate. So in short, the k-fold optimization results produce a good result when validation tested against data exported from MetaTrader, but they do not produce a good result when validation tested against the trading site's data. + +I have two theories on why this ended up not working with the trading site's data: + +* The trading site I collected data from uses Reuters data. The prices in the [MetaTrader data](http://www.fxdd.com/us/en/forex-resources/forex-trading-tools/metatrader-1-minute-data/) I used are different from the prices in the the trading site's data. Basically the the trading site's data is offset and is slightly higher than the MetaTrader data (and there may be other differences). I suspect that the k-fold optimization may have produced a predictor that is tailored to the data exported from MetaTrader (data available here), but it does not work as well on the the trading site's data. +* The script I used to collect data from the trading site disconnects from the trading site periodically for maybe 10 minutes every, and so when it does, the strategy indicator calculations used when validating against the collected data have to start all over due to gaps, and so potential trades are lost. +* JavaScript floating point errors. + +For the strategy I use the following indicators: SMA (Simple Moving Average), EMA (Exponential Moving Average), RSI (Relative Strength Index), Stochastic Oscillator, and Polynomial Regression Channel. forex-backtesting has an optimizer which tries hundreds of thousands of combinations of values for each of these indicators, combined, and saves the results to a MongoDB database. It can take days to run depending on how many configurations there are. + +Basically the strategy tries to detect price reversals and trade with those. So if it "thinks" the price is going to go down within the next five minutes, it places a 5 minutes PUT trade. The Polynomial Regression Channel indicator is the most important indicator; if the price deviates outside the upper or lower value for this indicator (and other indicators meet their criteria for the strategy), then a trade is initiated. The optimizer tries to find the best values for the upper and lower values (standard deviations from the middle regression line). + +Additionally, I think it might be best to enter trades at the 59th or 00th second of each minute. So I have used minute tick data for backtesting. + +Also, I apologize that some of the code is messy. I tried to keep it clean but ended up hacking some of it in desperation toward the end :) + +gulpfile.js is a good place to start as far as figuring out how to use the tools available. Look through the available tasks, and see how various "classes" are used ("classes" in quotes because ES5 doesn't have real class support). + +The best branches to look at are "k-fold" and "master", and "validation". + +One word of advice: never, ever create an account with Tradorax. They will call you every other day, provide very bad customer support, hang up the phone on you, and they will make it almost impossible to withdraw your money. +There are frequent posts here about profitable bots over a few days, a couple weeks or a couple months. Profitability over a short period of time may be exciting, but not necessarily robust. For the past year, I haven't seen a post of results over a least one year. I don't mean backtesting results which make frequent appearances. I mean live trading results. Has anybody here been able to achieve consistent profitability for at least a year? How about year over year? How is your live trading results compared with your backtesting results? +I started messing around with Natural Language Processing and analysing data from the Edgar database. It's kind of taken over my life as a side project, but wanted to get an idea of what fundamental ratios people work with, as well as things they like to pull out of 10Q and 10K filings to build it into the system. + +I'll be open sourcing the work, but wanted to get something up and useful before doing that. + +Thanks! +So itā€™s only Tuesday- there is still 3 days to go- I donā€™t understand this. Do people really expect appl to not overcome 150 this much that a 3% OTM strike a week is just 11$ is premium? + +This is lower than SPY! + +Is the 150 ceiling really this big? +Hi everyone + +I've been a long-term lurker of this subreddit and always enjoyed reading about other people's stories and journeys to get inspiration and lessons from. So I thought I would share my own journey so far. Always keen for advice and suggestions! Let me know if you have any questions or want to know more! + +I also thought this might provide a slightly different perspective as a (relatively young) millennial professional working as a lawyer in a high cost of living city in Sydney, Australia taking the *slow and steady* route to FIRE. + +No life-changing windfalls from crypro-currency, the share market or property here unfortunately... + +# About me + +* 28 male, single +* Lawyer +* Living in a HCOL area in Sydney, Australia +* Net worth = $333k AUD (\~250k USD) +* Savings rate = 44% this year + +# Slow and steady + +If I had to give this chapter of my life a title, it would probably be "*Slow and steady*" - looking back, it's been surprising how consistent and steady my net worth has been tracking since starting full-time work despite all the other changes personally and in the world with: + +* the pandemic hitting in 2020 - despite the initial drop in the markets and the uncertainty with the lockdowns and working from home, I think I've been lucky so far with work continuing and life in Australia being relatively less affected than other parts of the world; +* I've had modest promotions and pay rises in my role including a change of job - but it appears this has been offset with lifestyle creep and additional expenses like moving out and getting my own place; +* being a late convert to FIRE. I've always lived a reasonably frugal lifestyle with a view to the future and preferred to spend more on experiences rather than chasing fads and material possessions. It was only in 2019 that I discovered that there was a whole community of like-minded people who had a name for this mind-set and a much more developed plan for financial independence! Until then, most of my savings was just sitting in high-interest saving accounts with no clear plan. + +# Net worth + +Below is a graph that shows how my NW has grown and how my allocation of assets has changed over time. I am still waiting for that exponential growth... + +[Graph of Net Worth](https://i.imgur.com/Q7oLT7P.png) + +I only started tracking numbers regularly in the second half of 2019 after discovering FIRE but have managed to back-track the previous numbers from looking at my records. + +2015 = **-20k** (Finished Uni with a negative net worth due to student loan debt. I did some part-time work over this time at Uni as a tutor and a paralegal which helped.) + +2016 = **-6k** (Started my first full-time job as a Graduate Lawyer) + +2017 = **30k** (Continued working as a Lawyer with some modest pay rises) + +2018 = **80k** (Moved out of the family house and rented my own place) + +2019 = **140k** (Changed jobs with a corresponding pay rise) + +2020 = **230k** (Weathered through the pandemic and bought my own place) + +2021 = **333k** (Hit milestone of a third of a million!) + +# Current allocation of assets + +Below is a pie chart that shows my current allocation of assets. + +[Chart of Current Allocation](https://i.imgur.com/TGwftyB.png) + +Bank Account = **3%** (I've kept a few months of living expenses in my bank account as a fund just in case.) + +Savings Account = **0%** (With interest rates so low at the moment, I've moved all my money out of my previous high-interest saving accounts.) + +Shares = **37%** (I historically hadn't kept too much money in shares as I've been cautious about the historic highs of the market but am looking to put more money into index funds moving forward, having been burned losing a few months' salary with a few speculative plays into tech stocks following the exuberance of Tesla and Gamestop shares recently. + +Retirement Account = **18%** (Australia has a compulsory superannuation retirement system where they force employers to put 9.5%, now 10%, of your salary into your retirement account. There are some tax benefits if you choose to voluntarily add more money into your retirement account but I haven't done too much of this as I hope to use any extra money before I turn 65, which is when you get access to your retirement account.) + +Property = **42%** (I recently bought my own apartment in Sydney. Sydney property prices are quite high compared to other places in the world so I am still not sure if this was ultimately a good decision, especially with the transaction costs involved. Only time will tell! However, part of the reason was to take advantage of interest rates being at such historical lows.) + +# Spending + +Below is a pie chat that shows my spending and saving over the course of the last year. + +[Chart of Spending](https://i.imgur.com/CvKmhXq.png) + +Unfortunately, tax rates in Australia are quite high (the highest tax bracket is 45% tax) so your actual take-home pay ends up being significantly less than your salary. + +Savings = **44%** (I suspect this a very average savings rate but the cost of living in Sydney is quite expensive and I do want to enjoy myself with experiences and find a balance!) + +Clothing = **1%** (I think I spend quite a low amount on clothing with the occasional purchase for office attire and casual clothes. This past year with working from home has also meant there has been less need!) + +Electronics = **2%** (I don't spend too much on electronics and the latest gadgets - I am still using an old hand-me-down phone!) + +Entertainment = **1%** (This past year has meant there has been less opportunity to go out and spend money! It also just so happens that most of my hobbies and interests don't require much money - like playing football, cooking and binging on TV shows.) + +Food = **11%** (This is probably an area where I am spending more money than others as I choose to eat out with friends and family or choose to spend a bit more for groceries. But I don't think I regret it!) + +Housing = **34%** (Rent and property prices in Sydney are relatively high. A one bedroom apartment in my current area is $500-600 per week or 380-450 USD per week or 1.65k-1.95k USD per month. But that's just what I have to deal with having grown up and with my job in Sydney. They say that you are under 'housing stress' if you are spending more than a third of your income on housing...) + +Life Admin = **7%** (This category comprises various things like bills, medical insurance and other personal expenses. Most of these are inevitable.) + +Transport = **0%** (Transport costs for this year were significantly reduced with travel restricted and working from home for much of the year. I don't expect this to be repeated moving forward.) + +# Next steps + +Overall, I think I am tracking well and am trying to find a good balance between enjoying myself in the present, taking advantage of opportunities, and setting myself up for the future. + +At my current rate, calculators say that I will reach FIRE and $1 million in \~11 years at the age of \~40, but part of me does want to enjoy the luxury of having a nicer home and looking after my current (and potential future) family. + +So it may just be that this point ends up being delayed further and further to the future! + +Keen to hear people's thoughts and advice and if you want to hear more. + +My goals for the next year are to: + +* **Invest more into stocks and in particular Vanguard index funds** \- I've always been conservative and part of me is still concerned about the current state of the stock market but part of me is also concerned that I will miss out on the next few years if it continues to rise. Having been burnt by some speculative plays into tech stocks, I think I've also learnt my lesson trying to follow the success stories of others in gambling their life savings into stocks like Tesla and Gamestop. +* **Maintain a balance between living in the present and saving for the future** \- I am conscious that my current savings rate of 44% is pretty average but I don't think there are too many other places to cut down without a significant impact on my lifestyle. Food (especially eating out) is probably one area that could be cut down but I am not sure if the additional savings would be worth it for the time spent with family and friends. +* **Find more like-minded people with FIRE in mind to share and learn from!** +My sisterā€™s asking me to cosign for her to rent a house in a high cost of living city... sheā€™s a single mom of 3 kids. Of course I want her and my niece & nephews to have a more comfortable living situation because right now theyā€™re renting 2 rooms in a house owned by someone else. + +My sister struggles with OCD, depression, and anxiety. I feel deeply for her. Sheā€™s a hard worker and a great mom. +But I also feel guilty because I donā€™t want to cosign for her.... and I feel guilty too because I donā€™t have kids, Iā€™ve just started a white collar career, and my dad is around to help me out (who is her step dad). +Also our mom and dad (her step dad) have all agreed to also cosign for her and always have helped her out financially in the past. My dad has been really kind to her despite all the resentments my sisterā€™s had against him not being her real dad... but keep in mind, my parents are working class aka not wealthy at all and are stuck in the poverty cycle of high consumption and do not have any savings... + +So now my sister, mom&dad are all disappointed in me for not helping my sister by not cosigning for her... I know I am right to protect my finances especially since Iā€™m just starting out and am in my mid 20ā€™s... my sister is in her 40ā€™s, and our parents are almost 70... basically my sisterā€™s had so much help from our parents for a much longer time than Iā€™ll ever be able to have, so Iā€™m trying to become mentally and financially stable before my safety net aka my parents are no longer around. (As a former alcoholic, I realize Iā€™m privileged to have my parents around for emotional and financial support for when emergencies pop up. I hate to also rely on my parents, but Iā€™m still cleaning up the wreckage of my past.) + +My sister has a long history of moving into high priced condos and then moving back into rooms for rent just a few months later because she thinks she can survive paycheck to paycheck when renting a more expensive condo... but then her car will need a repair or her kid needs new glasses so sheā€™ll freak out and break her lease. She gets extra triggered when living on her own like sheā€™ll cover her condos carpets with blankets because she worries she wont get her deposit back if her carpets get dirty and never turn on the lights because she wants to save every penny she can on utilities. Also because of my sisterā€™s OCD she always wants to live in newer and nicer places. But Iā€™ve suggested to her that she should rent a cheaper condo in less desirable but still great surrounding cities. But she said she wouldnā€™t be comfortable in a less nicer area and doesnā€™t want to have a longer commute. When really living a little farther would only add 20minutes at most to her commute... + +Itā€™s just a tough situation because she is mentally ill... + +i just want my sister to live realistically and within her means so that when, not if, financial emergencies happen my sister will be ok... and also because our parents wonā€™t be around forever to back my sister up... + +My sister can afford a 2 bedroom condo in a nearby city, or she can afford a 1 bedroom condo in her target HCOL city... + +Iā€™m just tired of my sister not budging, not being realistic, or compromising, and honestly our mother has always spoiled us by giving us everything even though she couldnā€™t afford it... but that only taught us to be irrational and lazy... + +Our 3 cousins all lived in an old and tiny house together with all of their kids for yearssss to save money for a down payment on nice and cheap houses an hour away (because thats what they can comfortably afford) and they all commute and hour to work every day... I just wish my sister could learn a thing or two from them. Especially since she wants to buy a house later on and I told her if she rents something she canā€™t afford then sheā€™ll never be able to save... + +Guys Iā€™m just so tired and sad with and for my family... I love my sister but I think she just doesnt listen to whatever I say because Iā€™m young and donā€™t have kids which I understand because shes been thru a lot + +*update: thank you all so much for taking the time to read my post and give advice. Its hard to say no to loved ones but at the end of the day I have to look after my credit score... of course Iā€™d help my sis in an emergency but this was not an emergency +I have been an investor in Bitcoin for since 2012. I owned a lot. The operative word is "owned". I have since sold all of my Bitcoin in favor of Ether. + +Many years ago (before the internet was where it is today) I had a group of seniors come to me to help them collect on some money from a foreign entity. It turns out they were all scammed in the old version of "you have inherited... emails" + +These poor people could not let go of the fact that their belief/dreams of being rich were based upon a scam, and in fact when I told them that they fired me. Many years later I met one of them and he told me that in 2015 they gave up trying to collect and gave up trying to get their money back. + +I tell you that because I see many similarities in the Bitcoin community. I am not at all saying that Bitcoin is a scam, its not. I am however saying that people can't let go of their dream that Bitcoin will become the world currency and consumers will start using it.