diff --git "a/reddit_finance_43_250k_386.txt" "b/reddit_finance_43_250k_386.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_386.txt" @@ -0,0 +1,10000 @@ +|State|\-$63|\-$83|\-$20| +|SS|\-$112.8|\-$136.68|\-$24| +|Medicare|\-26.38|\-$31.97|\-$5.59| +|Roth|\-$144.23|\-$147.11|\-$2.88| +|HSA|\-$38.46|\-$38.46|0| +|Sup Lif|\-$7.38|\-$7.38|0| +|Vision|\-$4.78|\-$4.78|0| +|Dental|\-$10.78|\-$10.78|0| +|Medical|\-$57.20|\-$57.20|0| +|Phone|$17|$17|0| +||||| +|Net|$1,305.39|$1,255.90|\-$49.49| + +&#x200B; + +A payroll specialist on my payroll team just reached out to me and informed me that upon their analysis, my net pay has decreased because of "higher taxes at your new rate." That's all they got. +Anyone else concerned about the Evergrande default? It’s reportedly heavily tied to tether which makes up a large part of the bitcoin market. If this is true it explains the recent tank and could make things much worse. + +Has anyone researched this? +I am still wondering why OKCoin - as the by far biggest exchange in China - is still not adding ETH? Does it have to do something with the fact, that they want to "milk the BTC cow" as long as possible before switching to the next big thing - which ETH obviously is ... ;) +Any peeps at DEVCON who are getting some info? +On the contrary, you should have bought more if it kept dipping. That fact that some of us are scared to take that move is mostly because we don't truly understand the power of the ETH Ecosystem. Once you do, you will diamond hand your investments and buy the dip without sweating +https://etherscan.io/address/0xe41d2489571d322189246dafa5ebde1f4699f498#tokentxns + +I’ve sent 13,631 SALT tokens to the ZRX smart contract address. Is there any way i can retrieve my tokens? I really hope to recover it immediately but if that’s not possible, will the 0x team implement erc223 standard to resolve such situations?? + +Wondering if anyone's had similar experiences, and how it was resolved. + +Pretty terrified right now... Merry Christmas all. +My own personal view is that Ethereum is still tremendously undervalued. + +The network is stronger than Bitcoin's and the transaction volume is fantastic. The sheer number of Dapp developers is exploding and the media attention is tremendous. Yet Bitcoin is still valued higher. Why? + +My view is that by the end of this summer we will have surpassed Bitcoin's market cap and Bitcoin will have become a part of computing history (a very important part). Sure, there will always be a community - but in a nostalgic sense. + +Reaching $10bn market cap is achievable. And as we approach $100 Ethereum and beyond, what's next? My own view is that Dapps will start being deployed and we will see current inefficient business methodologies (e.g. escrow services, insurance, etc.) and inefficient banking processes being replaced at a rapid rate. At which stage, we're looking at Ethereum being a viable alternative to using fiat currency (a hazy, unrealised dream of Bitcoiners). I look forward to the day where I can live my entire life free of the fiat system. Whether this would be a Utopia or a Dystopia is another question entirely! +So I have some shares, and that company did a stock split and dividend. Ex dividend date was the 18th and delivery date the 22nd of July. + +When I didn't receive my shares I contacted my Belgian bank and they told me that the pay date was the 26th of July and that their broker would book the shares in my account as soon as the broker had all shares. + +The 26th I contacted the bank again since the shared weren't there at the end of the day. The bank said as stated the broker will do all that's necessary once it has the shares. + +It's the 1st of August and I still don't have my shares. Is this normal? + +When I'm back from my holiday I'm going to seek legal advice I think + + +EDIT after sending the mail about seeking legal advise and asking for the email of the compliance officer my shares have finally arrived +This was the best sub I could think of and if there’s is an other one that’s better please let me know. + +So my dad came to me and shared his idea of pulling 300k from his 401k (accounting for taxes and not pulling 100% of it out) and use it as a down payment to buy me a house for around 400k if the housing market allows it come next year. He thinks there could be a crash. I kinda think so but I definitely couldn’t say. I already have a tiny place that I own and technically paying him back on right now. That part is a little complicated but the just is, my sister and I got a property together, she got the original house and my dad fronted the cash to build out little 700sqft place, and I’m paying back that money. + +He thinks it’s a good investment for me and my wife to be set up after he’s gone by having a home and renting the smaller 700sqft as a passive income. He has other money tucked away so it won’t effect him. + +Besides attempting to buy a house here in California, is there maybe other options to consider investing property wise? I just want to have other avenues lined up if he wants to invest if nothing opens up in our price range. + +Edit: I just wanted to ad for those still looking, he isn’t looking to do this any time soon. This was just an idea to implement maybe next year before he retires. If it happens it happens because it will come down to something becoming available in that small budget range. +Wondering if ratios stayed fairly consistent (given both house price and rent would have dropped) or if there was some crazy edge to be had. + +&#x200B; + +I'm bearish on the stock market over next few years and cautious about making my first property purchase on the eve of a recession. However if cap rates stay fairly consistent even during a crash then that'd do a lot to assuage my concern. +Curious if anyone here invests in D properties. I’ve been looking at an area in a mill town up here in Maine that has gone down hill due to horrible absentee owners with no property management. It’s a historical park with all Victorian brick duplexes but in order to be successful in making this a C area it will involve trying to acquire every property at super low prices (which is doable) and kicking tenants out. I have a lead for 6 of the 50 duplexes but I’m curious if anyone here has invested in such a horrible rent base. I have a C+ property now that’s great but I haven’t ever dabbled in the D area. Any insight would be great. +Whether it’s a YouTube channel, book, or anything else, what do/did you use that really helped grow your knowledge about real estate investing? If it costs, please include a rough price. +If this isn't the right subreddit for this, I apologize. And I'm using a throwaway account. + +I'm devastated right now. I was looking at my credit report and actually am digging much deeper now and came across a closed account that was opened in April of 1987 and closed in July of 1997. It's a card that I remember my parents mentioning frequently as what got them into a ton of debt (they would eventually file for bankruptcy). This is listed under my closed account, but I have no balance information or anything, other than the SSN it was opened with and the dates. + +I was ten years old when the account was closed, and I'm 33 now. The account was opened when I was six months old. + +I have some questions: + +* While this isn't on my active report (obviously), did this hurt me at any point say when I was 18 and beyond? +* Is this/Has this hurt me now despite being on the closed accounts? +* Is there anything else that I should know? + +If this info helps: + +* The account was closed when I was ten years old. I am 33 now. +* My Dad and I have the same name. + +Pretty taken aback right now. + +From a quick search: "A child's **Social Security number can** be **used** by identity thieves to apply for government benefits, open bank and **credit card** accounts, apply for a loan or utility service, or rent a place to live. Check for a **credit** report to see if your child's information is being misused." It just doesn't answer my above questions. +Hi, + +I am very impressed with FTX. The GME announcement is a big finger to anyone, and a signal: dont fuck with us. I thought the journey to crypto-based stock market would be 10 years. Wtf, is it already here, and has it been here all along? + + +This is just a question, i dont know jack shit. But GME has reasons to be pissed with DTCC, we have evidence they gave wrong code (split, not splivvie) despite GME explicitly giving instructions for splivvie. + +I see now they engage in deal with FTX, that GME already trades on FTX, and that FTX is quite big. Could GME, if they wanted to, recall every GME from NYSE, and perhaps re-issue wherever, to get FTX access to all or most GMEs? And then just let GME trade in GME while underlying actual GMEs are actually held in FTX name, or some other non-compromsied name or platform. The last remaining crux with FTX, afaik, would be the underlying shares, and my question pertains to what could be done about that and what implications it would have. How likely is this? + + +FTX prove that they can provide almost no-cost brokerage and trades, with 10 sec settlement, i.e. no fuckeries, no FTDs, no darkpools (if so only as tokenizations or shit, that could not affect price directly). Huge incentives just right there. Can GME do full recall from NYSE for this purpose, and if so, what would happen? Is there any precedence? Wouldnt this essentially be functionally similar to what would happen with DRS rate of 100%? +I keep seeing in a lot of different threads in this sub the notion that with ETH 2.0, the insane gas prices will come down and the network will be useable for small scale again. Am I wrong in thinking that the switch to Proof of Stake won't have any impact on the gas prices? + +Correct me if I'm wrong but I was under the impression that the reason for gas the way it is right now is because of limited block heights forcing higher and higher bids for transactions to be included. Will that really change based on the proof system? Ethereum will still have the market it has now (if not more) and therefore the traffic. I figure Ethereum needs to change a lot more than that (and I believe they're working towards it) but 2.0 coming isn't going to be the grand savior that everyone believes it will be + +Right? +A few years back I invested in a £90k student apartment in a Liverpool that was being constructed. It was meant to be completed early last year, but due to setbacks the completion date was pushed back to December. Well, December came and went, and I hadn't heard anything from the developers (Mount Property Group) about making my final 25% payment. I'd obviously been in contact with my solicitors overseeing the conveyance, but they continuously told me they hadn't been asked for the final £22500. + +I tried contacting the developers to no avail, and so got in contact with the third party that had sold me the apartment. They were able to tell me that the developers had gone into administration in October. Worryingly, Mount Property Group were still pushing for investors early in October on their twitter page. Their website says nothing about them going into admin, and they've ceased all contact with me. From what I've seen, they're also blocking people that've contacted them on social media. + +Mazars have been appointed as the administrators, and final offers for the development will be considered at the end of this month. Until then, I'm no sure where I stand. I'm still waiting to hear back from my solicitors. Does anyone more knowledgable than me know where I stand, legally/financially? How screwed am I, and what's likely to happen next? Any steps I should be taking now? Happy to answer any questions if you need more information. + +Link to an article breaking the situation down: https://www.placenorthwest.co.uk/news/firm-behind-45m-liverpool-scheme-owes-39m-to-creditors/ +US appreciated asset holders: + +With the Biden tax platform proposing bumping the capital gains tax rate to match the income rate for high earners, I’m imagining a scenario where this is the last year ever to be able to pay 20% capital gains. Yes, I realize this change may be hard to get through the senate, but some version of it seems fairly realistic to me. And once enacted, I could see this never going back to the low rate we have today. + +I’m sure many of you are sitting on considerable capital gains, given the 12 year bull market run. Has anyone considered moving to a zero-income state now, locking in the 6 month residency requirement, and liquidating appreciated positions at a ‘mere’ 20% tax rate? + +Sounds a bit extreme, I know, but the alternative may be a 30%+ difference in taxes paid should one do this in a future year. So on 1M of capital gains, that 300k. 10M, it’s 3M saved, etc. + +Finally, the ‘step up’ in tax basis upon death is also under attack, with both Biden and Trump (proxy for the republican / populist opinion) in favor of repealing. So for those planning on holding until the grave, even that escape route may close in the future. +Live in a VHCOL area in a townhouse. Been looking to upgrade to a SFH, but still the lots around us are tiny. I don't want to move my primary residence to the country due to schools and potential commute again. + +Instead, I started to look at land about an hour outside the urban area and was a bit overwhelmed by all the options. It looks like you can get 10-50 acres of land from anywhere from $150K to $2M. Some had roads, some had ponds/rivers, some had trees, some had pre-approval for septic. + +I'd like to eventually build a smallish cabin/tiny home/modern treehouse of sorts some day on the land where we can spend weekends and the kid can go run around the property. But we're in no rush to do that ASAP. + +Anyone go through this process of acquiring land for a weekend retreat? + +1. is it better to just buy a place with a house on it already? (we aren't finding houses we like. too old, not our style, or too big) +2. how do you screen land for any potential nightmare scenarios? (are there certain plots of land that will have problems or deficiencies we'll be stuck fixing?) +3. There seems to be a lot of variation in pricing. Also a lot of properties that have been on the market forever. Whats a good measure to figure out what properties are overpriced? +4. am I crazy? am i going to regret this after pandemic is done? Just take beach/hotel vacations again? +With Robinhood you make trades for free. With brokers like Vanguard, Fidelity, Schwab, you can usually trade their own ETFs and mutual funds for free. With companies like Etrade, you generally make trades for a couple of bucks. + +Are there human brokers who make commissions based on their clients trades anymore? I just saw Wolf of Wall Street and they were talking about 50% commission on penny stocks or even 1% commission on blue chip stocks. I know the penny stock stuff was scams but are there legit brokers who still make money on marking up stock and selling it to people (broker dealers)? + +And as an aside, is there anything I need to make sure of to make sure I'm not being scammed? I've bought investments from Robinhood, Vanguard and Wealthfront at various times. Do I actually need to go through all the statements to make sure everything is on the up and up? +Luckily I was already long, but I cant figure out what is causing these massive moves. Inflation is way higher than target, but that isn't new news. The only news I can find is that turkey has suspended some US visa processing +What was the thing hurting your trading the most? How did you realise/pinpoint it? +How did you get rid of it or get it under control ? +How long did it take you to get rid of it? +I'm a university math student who is thinking of starting Forex trading. I have done some research which has raised some questions I would like to ask. + +(1) Is trading Forex feasible as a student who would have to do it part time? Has anyone here done it? I wouldn't have to make my living doing it, but is Forex swing trading a thing? I would like to get a good head start for when I graduate. + +(2) I have done some research on platforms and come to conclusion that I would like to use cTrader as it's a lot more modern than mt4 and mt5. Is it good? + +(3) Wanting to use cTrader, my choice of broker is somewhat limited. I have found that FxPro might be the best choice for me as it offers cTrader and is EU regulated (I live in the EU). Is FxPro "legit"? Is it trustworthy? + +Thanks for everyone who responds. +Hi everyone, + +I’m trying tot get a grasp on the rarional behind order blocks and mitigation, common terms in so called ‘’smart money concepts’’. I’ve found the following example which gave me some clarification: + +*Imagine that u have placed ur trade, but the risk you've put into that trade is not the usual 1% per trade that u always did. It was lower than that, let's say it's just 0.5%.* + +*Wouldn't u wanna wait for the price to reach back to your trade entry for u then to be able to add the additional 0.5% risk that u should've added from before?* + +*That's the answer to your question. Remember the following:* + +*Bearish OBs are SIMPLY where Institutions first enter their Sell position, but not fully.* + +*Because, again, institutions cannot enter 100% of their position immediately. They have to space it out, to avoid slippage.* + +*So, once price moves away Bearishly from their trade entry (meaning the OB), the institutions would make some Buy Orders to intentionally push price back above to their entry.* + +*Once that happens, the institutions would ideally add more risk to their position, so that they have made their desired Sell Order COMPLETELY!!!* + +Now, I think this makes sense. The only thing I don’t get is what happens with the buy orders in this example to push price back above their entry? I often hear people say that these ‘’correction orders’’ are the ‘’sacrificed orders’’ which will be mitigated later (meaning buy orders are getting sold back to break even). Those areas are then so called ‘’points of interest’’. + +But, and here is my question, why risk this money in the first place by not closing it directly? Why do institutional traders not sell these buy order back immediatly during the planned downswing? + +I hope to hear from you redditors! + +Thanks 🙏🤟 +When I started trading, I used to overtrade like crazy. Then somehow I developed the patience to wait for setups. But lately, I'm getting the feeling that I'm not trading enough. For instance, I took only seven trades last month and ended the month in profit. Still, the inner feeling that I'm not investing as much time as I used to is really strong. + + +Did anyone have a similar experience? And how did you cope with that? + +Hey everyone, first time posting here... and honestly I don't even know what I want to say or ask. I guess I just wanted to show you a bit of the company I invested in and want to know if you guys think this is legit or not... + +Basically this is all new and crazy too me. I work for a company in Dubai and a large amount of my colleagues are investing in a Forex company called UTMarkets. Forever I thought it was a stupid ponzi scheme-scam, but since a few years passed and my colleagues have made a ton of money I decided to take the plunge. + +- Basically this company invests the money for you. You have to make an account of minimum $10,000 USD then they start making the trades. +- Everyone will have the same trades (when trades are made) but the amounts of profit or lose will be different based on how large your account is. +- The company basically guarantees you 100% of your money back after 6 months. +- You can make withdrawals once a month and you usually get the money in 3 working days (I haven't withdrawn yet but colleagues have and say it's good) + +I would like to post a few pictures of the trades they made, but I don't know if it will reveal any information that would be personal to the company? Would anyone like to check some of this stuff out? + +Thanks in advanced guys. +Hi guys. Just a simple strategy that works. +95% of retail traders are losing money. +Just go against the crowd. + +Yesterday took a trade on EURAUD. 80% of retailers were Short, I went Long. Pair went up 150 pips today. +It always works. +https://www.oanda.com/forex-trading/analysis/open-position-ratios + +Please note that at least 75% of retailers should go for or against the pair in order for the trade to be successful. + +When the london market opens, the price will usually move against the trend. + +This is because trend trading and day trading are the most common type of trading. The price will move against the main trend because majority of people are taking positions that support the underlying hourly trend. The trend should resume within the next hour or so. + +Granted there are no major news events. + +Potentially this will be replicated at the US open as well? + +Thoughts? +I am currently learning Forex trading from Babypips, and I am really starting to enjoy it. I have just finished the elementary bit of the School of Pipsology, and after I learnt about Stochastic, Parabolic SAR, Ichimoku Kinko, Bollinger Bands, Moving Averages and more I went on my demo account and started practicing them. However, as I used all of the indicators at the same time, the chart became a mess. Then I remembered that I stumbled onto [this thread](http://www.reddit.com/r/Forex/comments/2o35wi/every_new_forex_trader/) a while back, and I started to question which Indicator I should really focus more on as using lots of indicators is considered "a bad thing" (the meme and comments imply so). + +Now, my question to you is - how many indicators do most highly experienced traders use and which ones are more important ? Or are they all good, and just depend on the strategy that the trader uses ? +I guess to be more specific, I’m using a reversion to a mean type of strategy. So given price history, has anyone done the math on something like this? For example if you trade gbpusd, anywhere within one standard deviation of the given average price, u are likely to return to profit if you wait long enough. I guess what I’m asking is what are the odds of this at all price points on average, maybe considering a 1 year period. What are truly the odds that you never return to profit in that time frame? I hope that question makes sense. + +I don’t need a lecture on stop losses, I fully understand why stop losses are typically very good, I’m asking purely from a probability standpoint and my given trading system/strategy I’m working on. +The node version was recently upgraded from v18 to v19 and while about 50% of the network has upgraded some improvements can already be seen. The latest 24h median transaction time is currently 0.27sec, compared to 0.67sec with previous node version. That's about 2.5x faster. The version before that some 7 months ago it was at around 10sec. During those 270ms a transaction is broadcasted, voted on, reaching global consensus across the network, confirmed and final. + +To measure the network performance [a node](https://www.repnode.org/network/propagation-confirmation) has been set up to automatically send transactions between Germany and England at a given interval. Time is measured from when the transaction is broadcasted until the receiving node report it as confirmed by the network. + +Can't say I'm not impressed. + +&#x200B; + +[24h median transaction time between Germany and England](https://i.redd.it/favg3m6tweb31.png) +I'm having a hard time learning about credit cards because everywhere I look to seek advice its like I'm just getting a sales pitch each time. + +I would really like to know the.. + +&#x200B; + +1. Benefits + +2. Risks + +3. How to use one + +4. best way to use one + +&#x200B; + +I dont want one so I can make loads of big payments and be reckless, I have heard theres benefits so I'm interested for honest advice +Edit: Thank you all the (mostly) constructive comments. This got way more attention than I expected. My husband and I are reading all of the responses. We grew up in a world telling us to follow our dreams and we can do anything we want if we work hard. But doing this at this point in our lives is simply foolish. Honestly, we had almost reached that decision but I wanted opinions from someone without an emotional attachment. And we got plenty of those. Barring (pun intended) a magical windfall, my husband is going to finish school. + +I(29F) am hoping I can get some objective advice. My husband (29M) has an opportunity to start a retail and bar business that looks promising. It would cost us only 15k for 50% ownership of the company. The start up costs would be way more but his would-be partner's family is going to fund the rest, at around 40k. His partner is also investing 15k of his own money and wants us to simply match his amount. This has been his dream for some time. The problem is we don't have 15k and in fact are in debt from student loans at about 40k. Which all in all is not too bad except that he is currently 8 classes away from graduating with a bachelor's degree in math. He would have to drop out, and the debt we have been accruing for years would have been for nothing. This offer is in another state, so he couldn't continue school part time or even transfer because he is too close to graduation. If the business failed, and he returned to school, by then we would no longer be residents and couldn't afford tuition. + +I support my husband financially while he is in school. I make around 60k per year. I am happy to be the provider right now, and have never resented the fact that I am in this role because my husband is a wonderful man who I know would do the same for me. My salary would cover us while he is getting the store off the ground, but likely in a paycheck to paycheck way. Plus starting a business is always risky. I can't help but feel like we would be putting our financial future in jeopardy. + +He is devastated at this offer happening now. He knows it is not the right time. But so many people say you should follow your dreams. And this is such a good opportunity. Any other time it would cost us a lot more to get in the door. So do we take the chance at this paying off in the long run and in the mean time my husband gets to pursue something he loves instead of something he tolerates? Or do we pass, and continue on our current path? + +TLDR: Do we follow my husband's dream of opening a new business at a start up cost of only 15k when it means dropping out of college so close to graduation and dealing with 40k of student loan debt plus whatever debt we incur from new business? +I got fired yesterday from working a corporate job in a large bank for a really stupid mistake on my part. I was doing exceedingly well and was up for a promotion at year end, but this one mistake cost me my job. My managing director even said that I was excellent and that she was really upset that they had to let me go but she had no choice. HR said that they would not let new employers know of why I was let go, they will just verify the time of my employment. I have never need fired before and I’m pretty devastated as I always prided myself on being a great employee, team mate, etc. :( + +I was making 75k in NYC. I have 20k saved in my 401k and 50k in the bank. I have maybe 3k in credit card debt split between 2 cards (*EDIT: This is my current balance and will be paid in full at the end of the month) and no student loans. My rent is $1,000 a month and though I love shopping, can be a very frugal person if I need to be. I eat out once or twice a week (always taking home leftovers for another meal) but otherwise make all of my meals at home with cheap groceries from Trader Joe’s. + +So my question is- should I immediately try to find another job or should I spend the next 3 months studying for the LSAT in January (or the GMAT or GRE, haven’t decided yet) and then get a waitressing or bartending job until school starts (I have experience doing both)? + +I have the cash to be comfortable for a while but I do not want to get complacent or have a huge gap in my resume. + +TDLR: Got fired from a well paying job. Should I try to immediately find a new job or study for a grad school entrance exam in January? +Many people constantly say how buying a new car is lighting money on fire. Buying a 3-4 yr old used car is considered conventional wisdom. There's even lots of common sayings like, "You lose 10% of of the value of your new car as soon as you drive it off the lot." + +I'm here to say, it's not nearly as bad of a deal as people claim it is. I ran some numbers for comparing a 2015 vs 2011 Camry in my area: + +**2015 Camry LE** - Fair purchase price: $20,700. After taxes, fees it's **$22,800** + +**2011 Camry LE** - Fair purchase price: $13,400. After taxes, fees it's **$14,300** + +You're probably thinking, wow $8500, that's great savings to get a car that's only 4 years older! Well, let's look at it over the life of the vehicle. Let's assume an average Camry lasts until the car is 13 years old. + +**2015 Camry LE** = $22,800/13 = **$1,754/yr** + +**2011 Camry LE** = $14,300/9 = **$1,589/yr** (I divide by 9, because the car is already 4 years old) + +The **difference is $165/yr** over the life of the car. Not really all that much. That's ONLY on the purchase price. During years 1-4, maintenance/repair costs are the absolute lowest, especially since new cars typically have a nice warranty on them as well. Furthermore, you get about an extra 3mpg on the newer car which saves a little extra money. For personal reasons, I hate buying/negotiating/researching cars. If I only have to do it once every 13 years instead of once every 9 years, that's a huge bonus to me. + +Where I thinking buying used makes sense is once you get into the luxury spectrum of cars. If you're going to be shelling out 30-35k+ for a new car, it probably starts to make more sense to look seriously at the used alternatives. But for a cheap, reliable base model, I think new is the way to go. Another reason you might consider spending less up front is if you can only get high interest loans on cars. + +There's a reason cars depreciate so quickly over the first 4 years. It's because they just went through around 1/3 of their life and the best/cheapest to maintain/most reliable years of their life. It's not because new car buyers are simply suckers. +It seems that this Reddit these days are promoting other tokens like OMG, BAT, etc. So my question is do people these days still has a majority stake in Ether? Or are they split between Ether and these Eth-related tokens. + +Also can someone explain like I'm 5, how the value of these tokens correlate with the price of Eth? Will the increase in value of these tokens cause an increase in the value of Eth? Or will these tokens eventually overtake Eth as the main trading currency? +See title. Wondering if you can share your experiences and cost for what footage coverage ? + +We have been thinking about redoing our home but unfortunately I have no skills to cover interior design topic...😂 +http://www.sec.gov/news/pressrelease/2015-49.html#.VRQ2y3W9-EL + +Thoughts on this? Obviously it would be among the riskiest investments out there for the small investor, but what other implications could this have? It seems like it's going to a brave new world for the retail market this summer and fall. +[Volkswagen Presentation For Investors](https://cw.volkswagenag.com/presence/investorrelation/publications/presentations/2020/09_September/20200915_VW_Presentation_Bagschik_UBS.pdf) + +Since Tesla is hyped everywhere and someone made yesterday the complaint this sub is looking like WSB, I want to do some remarks + +Volkswagen is using in the new ID.3 a lot of small control units. Tesla is using one, which should be much cheaper. Though the boss of software department of Volkswagen stated, in the future Volkswagen wants to reduce the amount of control units and they will be used by all brands of the group. + +The consumption of the ID.3 seems to be higher than the consumption of a M3. + +The amount of sales and service points of the Volkswagen group in Europe is extreme high. People are used to buy at their dealership. Volkswagen is able to give their dealership a marketing strategy and Volkswagen doesn't have to take care about dealerships like in the US. They are even able to abandon dealerships quite fast. In some parts of Europe only one or two dealership groups are selling Volkswagen. + +The price of Volkswagen are very orientated on options. Even digital radio has to be paid extra in some countries. To me it's annoying, but many customers are used to it. + +Volkswagen has a huge business in China since the 1980s. The new orientation is a result of the tier one cities are enforcing EV and of course the EU. + +The new ID.3 is a step in the right direction and I have no doubt they will dominate in the future the market in Europe because of the capability to sell online as well in dealerships. Volkswagen has at every time the choice to change the strategy. The competition is not Tesla. It will be two or three brands from China. The quality of Chinese electric cars is raising fast and should China get a trade treaty with the EU, investment in traditional European car makers should be reconsidered. + +Until now I give Volkswagen thumps up, because they are able and willing to reuse components instead of letting each brand decide how to build cars. Should this strategy turning out to be empty words I would dump them. The problem in Europe are charging stations for none Tesla cars. Most people in Germany are living in rented apartment without any charging opportunity. In Norway none Tesla charging points were congested in summer time. +Source: [https://www.sec.gov/rules/sro/dtc/2022/34-96555.pdf](https://www.sec.gov/rules/sro/dtc/2022/34-96555.pdf) + +>On October 20, 2022, The Depository Trust Company (“DTC”), Fixed Income Clearing Corporation (“FICC”), and National Securities Clearing Corporation (“NSCC”) (each a “Clearing Agency,” and collectively, the “Clearing Agencies”), filed with the Securities and Exchange Commission (“Commission”) proposed rule changes SR-DTC2022-011, SR-FICC-2022-008, and SR-NSCC-2022-013 (the “Proposed Rule Changes”) pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”)1 and Rule 19b-4 thereunder2 to Amend the Clearing Agencies Liquidity Risk Management Framework adopted by the Clearing Agencies. The Proposed Rule Changes were published for comment in the Federal Register, 3 and the Commission has received no comments on the changes proposed therein. This order approves the Proposed Rule Changes. + +https://preview.redd.it/hua44uw1957a1.png?width=806&format=png&auto=webp&s=f0eb8b63dde2ab7ac3c05fd66388f6c6c0370ab9 + +https://preview.redd.it/tuzfwhza957a1.png?width=843&format=png&auto=webp&s=cdea15851bd414030b04c9e24e28d36369392eb0 + +https://preview.redd.it/jzi5b5hf957a1.png?width=868&format=png&auto=webp&s=c46d41e035a92cc8f9c29f91c4801cc125f8de14 + +https://preview.redd.it/v1l22xvq957a1.png?width=662&format=png&auto=webp&s=cbada72ee432687170495c7f0860e11db6eb36e0 +I just started my portfolio July 1st, so I’m still learning (I don’t think I’ll ever stop). + +If you could only pick 10 stocks, what would you feel comfortable holding for the next 30 years? + +**to make it more fun, no ETFs or funds (VYM, VIG etc) + +1. Johnson & Johnson (JNJ) +2. Phillip 66 (PSX) +3. Reality Income Corp (O) +4. Microsoft (MSFT) +5. PepsiCo (PEP) +6. Proctor & Gamble (P&G) +7. JP Morgan Chase (JPM) +8. Apple (AAPL) +9. Home Depot (HD) +10. AT&T (T) +I am investing in SCHD and VOO but I don’t get any dividends for 4 months. + +What are some good ETF’s that will have as good as price growth of SCHD and VOO but pay dividends in other months? So what I am looking for is: + +ETF A paying dividends in Jan/Apr/Jul/Oct + +ETF B paying dividends in Mar/Jun/Sep/Dec + +ETF C paying dividends in Feb/May/Aug/Nov + +Thanks in advance. +Hi guys, +Can someone help me understand why investing in QYLD makes sense and when? Although QYLD provides dividends but QYLD itself is volatile and wouldn't it eat your dividend profits? + +Thanks! +Is SCHD and dividend growth investing a strategy you would employ in an IRA or in a taxable account? My 401 is split between VTSAX and VWILX. So I feel like I have a good footing in total market and international... Looking to figure out the IRA portion. I've always loved stock picking, so a dividend ETF and some individual stocks sounds appealing, but I don't want to screw this up. +Employers on the scheme will have to start making payments even if they remain closed, report says + +[https://www.thetimes.co.uk/article/firms-must-start-paying-quarter-of-staff-wages-29lffbmk3](https://www.thetimes.co.uk/article/firms-must-start-paying-quarter-of-staff-wages-29lffbmk3) +As the title says, I’ve noticed GME over the past 10-14 days trading with some big buys after hours. Nothing like today!! 100,000’s of shares being purchased across all basket stocks. Does anyone know what’s going on? I know we don’t discuss other stocks here but anyone with a wrinkle that could explain the type of trading taking place after hours, I’m all ears. It’s almost as if, it is blatant crime!! +to my Fellow Germans. + +i just wrote up an email in german and compiled a list of all german MEP Email adresses. If you cant be bothered to write something up yourself or to look for all the email addresses, please just copy and paste my email below and send it out to the adresses i provide at the bottom. + +`Sehr geehrte/r Abgeordnete/r,die anstehende Abstimmung über den MiCA Regulierungsentwurf im ECON Committee beinhaltet seit kurzem Unterpunkte wie ALT A und ALT G, die ein weitreichendes Verbot für Kryptowährung basierend auf dem Konsensus ModellProof of Work zur Folge hätten. Dies würde die bei weitem bedeutensten und wichtigsten Kryptowährungen Bitcoin und Ethereum einschließen, die zusammen für den absolut überwiegenden Großteil der Innovationin diesem neuen Technologiesektor verantwortlich sind.` + +`Dieses Verbot würde einschneidende Folgen haben:` + +1. `Die Innovative und wachsende Branche für digitale Güter in Europa wird erheblichen Schaden nehmen und sich in Länder verschieben, in denen das notwendige Klima für technologische Innovation geschaffen wird.Die EU hat bereits verpasst auf die letzte technologische Revolution des Internets rechtzeitig aufzuspringen, als Resultat sind die USA absolut dominierend mit Unternehmen wie Google und Facebook. Bitte ersticken Sie jetzt nicht die Web 3.0 Branche im Keim indem Sie ein vorschnelles Verbot aussprechen.` +2. `Kryptowährungen wie Bitcoin und Ethereum können zwar verboten werden, dieses Verbot kann aber letztlich nie vollständig durchgesetzt werden da der Austausch dezentraler digitaler Güter nicht verhindert werden kann. Alles was dieses Verbot von Proof of Work erreicht, ist dass sich dieser Austausch außerhalb eines regulatorischen Rahmens entwickeln wird, was erheblichen negativen Einfluss auf den Komsumentenschutz hat.`  + +&#x200B; + +`Präsident Biden hat erst vor ein Paar Tagen mit seiner exectuive order zu Kryptowährungen gezeigt, dass die USA plant die führende Rolle in dieser neuen Technologiesparte zu übernehmen. Bitte lassen Sie die EU nicht Kapitulieren, bevor der Wettstreit überhaupt beginnt, indem Sie Proof of Work verbieten.`  + +`Zitat:“We must reinforce United States leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets.  The United States has an interest in ensuring that it remains at the forefront of responsible development and design of digital assets and the technology that underpins new forms of payments and capital flows in the international financial system[.] Continued United States leadership in the global financial system will sustain United States financial power and promote United States economic interests.“` + +`Deshalb bitte ich Sie eingehend, GEGEN das Proof of Work Verbot in MiCA zu stimmen, maßgeblich gegen die Punkte ALT A und ALT G.Ich vertraue darauf, dass Sie das richtige tun und diesen historischen Fehler verhindern.` + +&#x200B; + +Email Adresses of all the german MEPs: + +[christine.anderson@europarl.europa.eu](mailto:christine.anderson@europarl.europa.eu);[rasmus.andresen@europarl.europa.eu](mailto:rasmus.andresen@europarl.europa.eu);[katarina.barley@europarl.europa.eu](mailto:katarina.barley@europarl.europa.eu);[gunnar.beck@europarl.europa.eu](mailto:gunnar.beck@europarl.europa.eu);[nicola.beer@europarl.europa.eu](mailto:nicola.beer@europarl.europa.eu);[hildegard.bentele@europarl.europa.eu](mailto:hildegard.bentele@europarl.europa.eu);[larspatrick.berg@europarl.europa.eu](mailto:larspatrick.berg@europarl.europa.eu);[stefan.berger@europarl.europa.eu](mailto:stefan.berger@europarl.europa.eu);[gabriele.bischoff@europarl.europa.eu](mailto:gabriele.bischoff@europarl.europa.eu);[michael.bloss@europarl.europa.eu](mailto:michael.bloss@europarl.europa.eu);[damian.BOESELAGER@europarl.europa.eu](mailto:damian.BOESELAGER@europarl.europa.eu);[patrick.breyer@europarl.europa.eu](mailto:patrick.breyer@europarl.europa.eu);[markus.buchheit@europarl.europa.eu](mailto:markus.buchheit@europarl.europa.eu);[klaus.buchner@europarl.europa.eu](mailto:klaus.buchner@europarl.europa.eu);[udo.bullmann@europarl.europa.eu](mailto:udo.bullmann@europarl.europa.eu);[delara.burkhardt@europarl.europa.eu](mailto:delara.burkhardt@europarl.europa.eu);[martin.buschmann@europarl.europa.eu](mailto:martin.buschmann@europarl.europa.eu);[reinhard.buetikofer@europarl.europa.eu](mailto:reinhard.buetikofer@europarl.europa.eu);[daniel.caspary@europarl.europa.eu](mailto:daniel.caspary@europarl.europa.eu);[anna.cavazzini@europarl.europa.eu](mailto:anna.cavazzini@europarl.europa.eu);[oezlem.demirel@europarl.europa.eu](mailto:oezlem.demirel@europarl.europa.eu);[anna.deparnay-grunenberg@europarl.europa.eu](mailto:anna.deparnay-grunenberg@europarl.europa.eu);[christian.doleschal@europarl.europa.eu](mailto:christian.doleschal@europarl.europa.eu);[lena.duepont@europarl.europa.eu](mailto:lena.duepont@europarl.europa.eu);[christian.ehler@europarl.europa.eu](mailto:christian.ehler@europarl.europa.eu);[cornelia.ernst@europarl.europa.eu](mailto:cornelia.ernst@europarl.europa.eu);[engin.eroglu@europarl.europa.eu](mailto:engin.eroglu@europarl.europa.eu);[ismail.ertug@europarl.europa.eu](mailto:ismail.ertug@europarl.europa.eu);[markus.ferber@europarl.europa.eu](mailto:markus.ferber@europarl.europa.eu);[nicolaus.fest@europarl.europa.eu](mailto:nicolaus.fest@europarl.europa.eu);[romeo.franz@europarl.europa.eu](mailto:romeo.franz@europarl.europa.eu);[daniel.freund@europarl.europa.eu](mailto:daniel.freund@europarl.europa.eu);[michael.gahler@europarl.europa.eu](mailto:michael.gahler@europarl.europa.eu);[evelyne.gebhardt@europarl.europa.eu](mailto:evelyne.gebhardt@europarl.europa.eu);[alexandra.geese@europarl.europa.eu](mailto:alexandra.geese@europarl.europa.eu);[jens.geier@europarl.europa.eu](mailto:jens.geier@europarl.europa.eu);[helmut.geuking@europarl.europa.eu](mailto:helmut.geuking@europarl.europa.eu);[sven.giegold@europarl.europa.eu](mailto:sven.giegold@europarl.europa.eu);[jens.gieseke@europarl.europa.eu](mailto:jens.gieseke@europarl.europa.eu);[andreas.glueck@europarl.europa.eu](mailto:andreas.glueck@europarl.europa.eu);[svenja.hahn@europarl.europa.eu](mailto:svenja.hahn@europarl.europa.eu);[henrike.hahn@europarl.europa.eu](mailto:henrike.hahn@europarl.europa.eu);[martin.haeusling@europarl.europa.eu](mailto:martin.haeusling@europarl.europa.eu);[niclas.herbst@europarl.europa.eu](mailto:niclas.herbst@europarl.europa.eu);[pierrette.herzberger-fofana@europarl.europa.eu](mailto:pierrette.herzberger-fofana@europarl.europa.eu);[monika.hohlmeier@europarl.europa.eu](mailto:monika.hohlmeier@europarl.europa.eu);[peter.jahr@europarl.europa.eu](mailto:peter.jahr@europarl.europa.eu);[petra.kammerevert@europarl.europa.eu](mailto:petra.kammerevert@europarl.europa.eu);[ska.keller@europarl.europa.eu](mailto:ska.keller@europarl.europa.eu);[moritz.koerner@europarl.europa.eu](mailto:moritz.koerner@europarl.europa.eu);[dietmar.koester@europarl.europa.eu](mailto:dietmar.koester@europarl.europa.eu);[maximilian.krah@europarl.europa.eu](mailto:maximilian.krah@europarl.europa.eu);[constanze.krehl@europarl.europa.eu](mailto:constanze.krehl@europarl.europa.eu);[joachim.kuhs@europarl.europa.eu](mailto:joachim.kuhs@europarl.europa.eu);[sergey.lagodinsky@europarl.europa.eu](mailto:sergey.lagodinsky@europarl.europa.eu);[bernd.lange@europarl.europa.eu](mailto:bernd.lange@europarl.europa.eu);[katrin.langensiepen@europarl.europa.eu](mailto:katrin.langensiepen@europarl.europa.eu);[peter.liese@europarl.europa.eu](mailto:peter.liese@europarl.europa.eu);[sylvia.limmer@europarl.europa.eu](mailto:sylvia.limmer@europarl.europa.eu);[norbert.lins@europarl.europa.eu](mailto:norbert.lins@europarl.europa.eu);[david.mcallister@europarl.europa.eu](mailto:david.mcallister@europarl.europa.eu);[erik.marquardt@europarl.europa.eu](mailto:erik.marquardt@europarl.europa.eu);[joerg.meuthen@europarl.europa.eu](mailto:joerg.meuthen@europarl.europa.eu);[martina.michels@europarl.europa.eu](mailto:martina.michels@europarl.europa.eu);[marlene.mortler@europarl.europa.eu](mailto:marlene.mortler@europarl.europa.eu);[ulrike.mueller@europarl.europa.eu](mailto:ulrike.mueller@europarl.europa.eu);[hannah.neumann@europarl.europa.eu](mailto:hannah.neumann@europarl.europa.eu);[norbert.neuser@europarl.europa.eu](mailto:norbert.neuser@europarl.europa.eu);[angelika.niebler@europarl.europa.eu](mailto:angelika.niebler@europarl.europa.eu);[niklas.nienass@europarl.europa.eu](mailto:niklas.nienass@europarl.europa.eu);[maria.noichl@europarl.europa.eu](mailto:maria.noichl@europarl.europa.eu);[jan-christoph.oetjen@europarl.europa.eu](mailto:jan-christoph.oetjen@europarl.europa.eu);[jutta.paulus@europarl.europa.eu](mailto:jutta.paulus@europarl.europa.eu);[markus.pieper@europarl.europa.eu](mailto:markus.pieper@europarl.europa.eu);[dennis.radtke@europarl.europa.eu](mailto:dennis.radtke@europarl.europa.eu);[guido.reil@europarl.europa.eu](mailto:guido.reil@europarl.europa.eu);[terry.reintke@europarl.europa.eu](mailto:terry.reintke@europarl.europa.eu);[martin.schirdewan@europarl.europa.eu](mailto:martin.schirdewan@europarl.europa.eu);[christine.schneider@europarl.europa.eu](mailto:christine.schneider@europarl.europa.eu);[helmut.scholz@europarl.europa.eu](mailto:helmut.scholz@europarl.europa.eu);[sven.schulze@europarl.europa.eu](mailto:sven.schulze@europarl.europa.eu);[joachim.schuster@europarl.europa.eu](mailto:joachim.schuster@europarl.europa.eu);[andreas.schwab@europarl.europa.eu](mailto:andreas.schwab@europarl.europa.eu);[ralf.seekatz@europarl.europa.eu](mailto:ralf.seekatz@europarl.europa.eu);[nico.semsrott@europarl.europa.eu](mailto:nico.semsrott@europarl.europa.eu);[sven.simon@europarl.europa.eu](mailto:sven.simon@europarl.europa.eu);[birgit.sippel@europarl.europa.eu](mailto:birgit.sippel@europarl.europa.eu);[martin.sonneborn@europarl.europa.eu](mailto:martin.sonneborn@europarl.europa.eu);[sabine.verheyen@europarl.europa.eu](mailto:sabine.verheyen@europarl.europa.eu);[viola.voncramon@europarl.europa.eu](mailto:viola.voncramon@europarl.europa.eu);[axel.voss@europarl.europa.eu](mailto:axel.voss@europarl.europa.eu);[marionerika.walsmann@europarl.europa.eu](mailto:marionerika.walsmann@europarl.europa.eu);[manfred.weber@europarl.europa.eu](mailto:manfred.weber@europarl.europa.eu);[rainer.wieland@europarl.europa.eu](mailto:rainer.wieland@europarl.europa.eu);[tiemo.woelken@europarl.europa.eu](mailto:tiemo.woelken@europarl.europa.eu);[bernhard.zimniok@europarl.europa.eu](mailto:bernhard.zimniok@europarl.europa.eu) +At the beginning of January I was fired from my job for "misconduct". I was the manager of my own department and I had a technician under me who was spouse to the operations manager above me. The spouse/technician would purposefully defy instructions and even told me that he "chooses to ignore me". This happened multiple times, and I would get mad enough to argue about it, and that's what I was fired for. I was allowed to get on unenployment insurance and have been collecting it since, but the company did appeal against it at the beginning (which they said they wouldn't do) and I still won my counter appeal case. + +Fast forward 6 months; the main investor/owner of the company calls me asking me if I'd like to work there again, because apparently he was never consulted about the spouse working full time in my department and didn't even know I was fired. He told me he'd be firing the husband and wife and wants me to work the first 30 days on a 1099 contract as a trial to see if I want to take a full time position with them again. + +I asked for $4k for the entire month and he agreed, but there arent any clear goals or a contract, just come in for 30 days and see if I like it. He's also aware of my unenployment benefits, and told me to not say anything about payment and keep claiming, so that if I don't want to stay after the 30 days I can just keep claiming UI. I told him I wasn't comfortable with that. + +I don't have any other job leads within my area, but I also don't feel very comfortable working with the company again. In all honestly I'd prefer to just stay on unemployment till a new company gives me an offer, rather than risking it for a company that fired me before. + +I'm curious what I should do about this situation and the best way to cover my ass if I end up comitting to this contract job. I think I'd feel more comfortable if there was a well defined contract, and if I was able to control my own hours and work a maximum of 30 hours a week, so I could tell UI my earnings and that im working part time. I also feel I lowballed my asking price and I could've asked for much more, my original salary was 45k/yr. + +Anyway, if you read all this and you have any suggestions or insight, then please share! + +Tldr; husband and wife combo get me fired from job 6 months ago, owner/investor wants me back on a 1099 contract for 30 days as a trial, says the two will be fired. Not sure what to do. + +PS. I absolutely plan to tell UI of my earnings and was never comfortable with the thought of committing fraud. +Let's pretend you found a successful trading strategy based on price action and money management. + +But it is pretty much work to check for signals everyday, for every asset you observe. On some assets you would have to do it during sleeping hours. + +Would you give away your 1000+ hours of learning, research, observing and testing away to a payed programmer or would you rather invest another 200+ hours into learning coding? +I’m a long ways away but just curious to hear some numbers on what everyone started with before they were comfortable going full time. + +Also, what is your return goal with the amount you started with? It’d be interesting to hear the differences in risk management between people. + +Thanks! + +Edit: Typo +Hi folks, + +I’m curious to learn more about background of people on this sub that are actively building algos. Is this a side hustle or are you self-employed working on it full-time or working in a fund? + +My background: I’m a swe at a big tech company who also trades on the side, mostly shorting Qs this year. I’ve considered reading up on algo trading but it appears most people are not making much money on it consistently. Are there any stats on it? +If it’s possible to gain 1-2% per trading day as a manual day trader. Why do people consider it impossible to employ a similar kind of strategy and see similar levels of returns with a trading algorithm? +I'm trying to make a trading bot and have a few questions about the architecture of the project. I've taken some programming classes, but this would be my first large scale project. Because of that, I'm not totally understanding how to structure it correctly. If it matters, the project will mainly be in golang, but I may use python for a few things here and there that aren't very time sensitive + +I'm planning on having 5 main "services" running: data gathering (both rest and websocket client), database, logic engine, and trade executer + +What I don't understand is if these "services" should be in a microservices architecture or if every service should be completely decoupled. I was thinking microservices architecture at first, but I've watched a few tutorials on microservices and it doesn't seem like the right structure. It seems like microservices are more for hosting a web server than for a trading bot. Instead, would making every "service" decoupled/distributed and running as its own file with a way for them to "talk" to each other through something like Kafka or a rest/grpc server be the better way to go? + +Thanks for any help, insight, or resources that you may have +Hi folks, + +I’m curious to learn more about background of people on this sub that are actively building algos. Is this a side hustle or are you self-employed working on it full-time or working in a fund? + +My background: I’m a swe at a big tech company who also trades on the side, mostly shorting Qs this year. I’ve considered reading up on algo trading but it appears most people are not making much money on it consistently. Are there any stats on it? +My mom has repeatedly asked for my kids social security numbers due to something in her will. I am not aware of anything that would require an SSN, and I prefer not to give my kids SSNs unless absolutely necessary. Any ideas on why this might be required? +Okay this could be very niche but: +Let's say you are a scientist that does basic research, and somehow you gained FI and want to work less hours, what do you do? + + +Assuming you want to keep contributing to the field (because it's important and fun and your life etc.) but don't necessarily have to or want to be part of the academic eco system. + + +If you are very rich you could obviously go full Elon. But let's say you are just medium FI. Holding down a job in a top lab (or even leading it) is very hard work and many hours. Has anyone found to a way to half-ass it or do it part-time, or is it just impossible? Could one be a modern-day Gentleman-scientist who just casually interrogates nature whenever it suits his schedule and whims? I wonder if anyone here has gone that path, or has related experiences that could transfer to this problem. +I just took a new job that has no 401k. This is definitely not ideal but it is my "dream job" and they said they are looking into getting one next year (I do plan to bring up the Simple IRA option with them). That said, I'd like to start investing/saving my money before that. I am 25, have 19k in savings, now making 37k/year, and have no debt. I'd like to max out a Roth IRA and then invest another 5k and keep the rest as emergency fund in savings. The next step is where I get a little confused and need some advice. I have been doing some research on index funds as another option for retirement and it looks like Vanguard's VFINX is a good option. Of course, there are a lot of these types of investments and I need to do more research on each individual one before making a decision I'm not looking for someone to tell me what to do with this extra 5k, but I'd like to know if I'm on the right track with my research. What other options (broadly) are out there for types taxable accounts? +I am hearing this phrase over and over again the past few days. As a passive investor I’m confused as to the strategy behind pulling out of the market. I’m in a target date 401k and lazy couch portfolio Roth IRA. This means I’m in it for the long haul. Can someone give me some perspective on the game plan for pulling out as an active investor? + +What are these investors doing with their money when they pull it out? Are they just waiting to buy the dip or are they putting their money elsewhere? Do these people just sit on the money when it is withdrawn? + + +I rarely post. I mostly lurk and comments for moral boost. + +I got into GME from mid Jan and watched my investment took a nose dive due to the fuckery. It hurts but I preserve. Im glad I did. I have xxx shares split between Vanguard and Schwab. + +&#x200B; + +Okay, I have been super busy lately but I found some time to call Vanguard to DRS my shares. I did it because I did my research and I act as an individual investor. I thought I was safe with Vanguard but here is some highlights of my call (about 30m call, lots of holding while Cristopher checked everything: + +1. Lots and lots of DRS request coming to Vanguard\*\*-fact\*\* +2. Vanguard is not ready for this kind of DRS requests-**fact** +3. Cristopher told me that it usually only takes 5-7 days for DRS but now at least 30 days.- **fact** +4. Cristopher also said that "**Vanguard do not hold assets ready for DRS**" (he said this verbatim).- fact + 1. *Speculation:* Vanguard could have given me an IOUs for the process and now they dont have actual shares to transfer +5. Cristopher said that **DRS with Vanguard involves the work of the back offices** (I dont understand what this means but I thought I bought my shares with cash and now my shares are settled, it should take a push of a button to transfer) + 1. *Speculation*: I still remember that DR.T mentioned that there may not be enough shares for everyone when the music stops. +6. I request for a confirmation email to be sent to my email address so I have it for the record. Cristopher citing that he couldnt do that due to security. Now i dont have any papertrail showing that I initiated the transfer. Only from the recorded phone call. + +Well thats all, I will keep DRS 99% of my shares. Only leaving 1 share in my ROTH to sale and let it grow tax free. I have a stable job and I like my job (i am a nurse). I would like to inform that when I say infinity pool, I mean it. I have no interest of having "funny papers" that funny people from the Fed who printing 120B a month. However, **YOU DO YOU. I am very proud of all of you. Your 1 share matters. Your work matters.** + +All this information is from my limited and personal experience with Vanguard. Hope it helps! + +Take away/ TL;DR: + +1. DRS is king. You own your shares (The shares that you bought with your hard earned money) under YOUR NAMES. +2. Brokers (even the "reliable" ones) are now showing cracks in their processes and services. Excuse my french, Fuck brokers. +3. I like the stock. DRS is the way. If it doesn't cause an impact, it wouldnt be this hard. +4. BUY HOLD DRS. +5. Did I say DRS? +6. DRS DRS DRS DRS + +Cheers +One of the biggest challenges stated on this Subreddit is the actual FIRE'ing part. Despite having done all of the hard, arduous work to get to that status — many people find it difficult to FIRE (Some claiming to experience depression among other issues). + +Now in my opinion, this makes sense when you think about it. Even if many of us plan/will retire extremely early, we still need to work 10-20 years minimum. + +I'm curious to hear if anyone has or has heard of any stories where people were able to negotiate dialing back hours gradually over the course of a year (or a couple) before officially retiring. Imo, this is probably a more logical way of easing into it for most people, and it'll give you more time to figure out what you actually want to do with your time. +I feel MVIS and GME is taking 99% of the post space, nothing wrong with that but I never see A M C anymore in here, damn I miss old WSB. Anyway can we discuss the heavily shorted stock A M C? What is your takeaway? + +**Ortex data:** + +Current Utilization: **100%** \- 7 days ago: 99.40% + +Estimated short interest: **23.52%** + +Shares on loan: **153.78 Million. - This is crazy much!** + +Days to cover: **0.93.** \- 10% increase from 7 days ago. Should go up alot when January isn't calculated in the 3 month average. + +3 month average: **156 Million Shares** \- Should go down alot after the April, since the crazy average volume comes from end of January, and it has decreased alot in Mars/April. + +Fridays Volume: **27.60 Million Shares** +Just had an old concept come to mind that I thought would properly jack any newer Apes tits. This isn't exactly a new concept but I thought I'd write it out for everyone. OG Apes: I recognize this is year old+ thoughts, but this is not a commonly discussed topic as of late, and we have tens of thousands of new shareholders present. I'm not here to take credit for these ideas, only to spread them. + +If GameStop were to give out a dividend in the form of an NFT that was limited to mint quantity equal to the number of actual shares that should be in existence (~304 million), then Direct Registered shareholders would benefit from the price squeeze of the NFT without having to sell their shares. + +**Why?** + +Because of how we saw the DTCC handle the splividend (or mishandle it, I should say), we now know *exactly* how they would handle an NFT dividend. + +The transfer agent (ComputerShare) will first distribute the NFTs to insiders and those who have their shares Directly Registered with GameStops official transfer agent, ComputerShare [(Learn more about Direct Registration here)](https://www.reddit.com/r/Superstonk/comments/xxh13d/drscomputershare_megathread_102022/). Then the remaining balance will be given to the DTCC (Cede and Co) to distribute to brokers for their clients. When the dividend is fungible, this is not an issue (like when they just told everyone to process the splividend as a normal forward split). But when it's non-fungible - oh boy things get spicy real quick. + +**We all know the DTCC won't receive enough to go around,** so the only option the DTCC will have will be to buy them on the open market, *from DRS holders... Because they'll be the only ones with any available at first.* + +*Side Note: anyone paying attention to the 5000 rocket pins given out to early adopters of the GameStop NFT marketplace? That's what actual supply and demand (and therefore, price discovery) looks like without this fucking horse shit "liquidity" that wallstreet loves to gaslight us on thinking is necessary to a function market. HINT: ADDING "LIQUIDITY" TO THE MARKET MAKES THE MARKET NON-FUNCTIONAL AND MAKES PRICE DISCOVERY A MYTH. Also, anybody else see the potential that this was a trial run for the NFT dividend? Credit to u/WhiteCollarBiker for notifying me of this detail.* + +The interesting thing here is that without even having to sell a share, DRS holders can diamond hand their NFTs to the moon, sell when they want, and then GameStop could do it all over again next week. They could bleed these fuckers dry without anyone having to sell a share. + +Now the only question is, when will people realize that DRS shares and broker shares are not the same in actual value or rights (yes they are literally worth less in a situation like this), and start rushing towards this ever closing window of DRS space to get their shares out of this fraudulent system and into their own ownership? Personally, I don't know if it will be fair in the end. It's possible those without DRS shares get the short end of the stick in a situation like this and get second hand rights to a dividend squeeze scenario while the DTCC figures out how to deliver them their NFT. + +TL:DRS + +NFT dividend means shareholders can squeeze the shorts using the dividend without even selling a share, as long as their shares are Directly Registered with the companies transfer agent, ComputerShare. +I'll try to keep this short. + +Do you remember a while back when we had a huge push to comment on proposals from the SEC? We even had Lisa Braganca (Former SEC Branch Chief) [tell us it was important!](https://youtu.be/9nvuL0mevRk) + +I know very few of you have time to read the entire proposals and fewer of you have time to learn the complexity of certain proposals. Here's the good news, the SEC is actually pretty good at summarizing the purpose of a proposal. + +So I invite you to head on over to the SEC or other regulatory bodies proposals: + +https://www.sec.gov/rules/proposed.shtml + +https://www.sec.gov/rules/sro.shtml + +Here's the steps I recommend: + +- Pick a proposal, find one that might be of interest to you. Make sure comments are still open though. + +- Read the summary, if your brain has some wrinkles read the questions they ask within the proposal and see if you have opinions. + +- Read some of the comments on the proposal, especially institution's comments and recognizable entities comments (better markets for example). This will give you an idea of what Hedgies think about this rule and help you formulate an opinion + +- Send your comment as outlined here: + https://www.sec.gov/regulatory-actions/how-to-submit-comments + +Point 2, by email, is probably the least hassle. You can always use a burner email. + +I ask all of you to comment on just one of these a week or even per month. Our voices carry power through numbers. Let yourself be heard. + +Thank you for reading 😊💕 +Honestly...it’s getting absolutely ridiculous that amount of times posts are being repeatedly posted by some users. Look, there isn’t 2 people online and if you were around long enough you would remember we have had this problem before. We don’t need post after post saying “all shills have left”...they haven’t...you have been the 5th person to post this in the space of 10 minutes so have a bit of sense please. You’re just blocking up the sub with needles karma farming posts that you’ll be downvoted for. + +I actually think mods are doing a great job removing them but maybe we should start leaving them up until they get downvoted big time and the OP receives a posting ban for awhile + +Also, let��s have another massive day GameStop + +💎🤲 +Last year, I noticed an HSA contribution hadn’t been taken out of my paystub. Contacted HR and got it fixed. Luckily, I caught it after one pay period. + +This year, my paystubs looked correct, but when checking my contributions to my 401k, the last contribution was a month and a half prior, coinciding with a migration to a new HR system. Contacted HR and got it fixed as well. + +This is an EOY reminder to make sure to check your paystubs AND accounts to make sure everything is correct! +Did anyone else see this? What are your thoughts on this? Personally I disagree with this move as I believe that financial literacy is a big problem today and should banks not be able to do it I doubt the Australian education system will allow for resources to fill in these gaps. +Snowflake, Inc., the cloud-based data platform company, revealed in its S-1 filing that Warren Buffett’s Berkshire Hathaway agreed to take a stake in its Class A shares in a private placement. + +The company said Berkshire Hathaway would each purchase $250 million worth of its Class A common shares in a private placement at a price per share equal to the initial public offering price. + +Snowflake, which is taking the route of a traditional IPO, expects to list its shares at a price range between $75 and $85. +Snowflake, Inc., the cloud-based data platform company, revealed in its S-1 filing that Warren Buffett’s Berkshire Hathaway agreed to take a stake in its Class A shares in a private placement. + +The company said Berkshire Hathaway would each purchase $250 million worth of its Class A common shares in a private placement at a price per share equal to the initial public offering price. + +Snowflake, which is taking the route of a traditional IPO, expects to list its shares at a price range between $75 and $85. +https://techcrunch.com/2020/04/11/chinas-next-plan-to-dominate-international-tech-standards/ + +>Founded and run by a Chinese entrepreneur, Zoom’s mainline app is developed by China-based subsidiaries. Zoom servers in China appear also to be manufacturing its AES-128 encryption keys, including, as a Citizen Labs report documents, some used for meetings among North American participants. Beijing’s privacy laws likely obligate China-manufactured keys to be shared with Chinese authorities. + +Whether this is true or not, in addition to Taiwan, Singapore and host of other companies like Google, Apple, Nasa, you'll be seeing many more companies and countries banning it when these allegation become more widespread +Long story short, I was manipulated, deceived, played, swindled by someone I cared about. I'm pretty sure my credit score went from a sparkling 810 to rock bottom. I'm too scared to check. + +I have/had: + +Citi - closed by bank. $13,000 + +Chase - pending close. $9,000 + +Discover - closed by bank. $9,000 Making minimum payments of \~$112 + +I've made $10,000 under the table since everything closed down and would very much love to throw it all down on one, or some, of the cards. I'm trying to find a balance transfer and/or a loan so that I still have something in my pocket but the research is overwhelming. Can anyone make a solid suggestion? + +Something I read about is that getting a balance transfer with the same banks is not gonna happen. My options are the Asian ones, Wells Fargo, BoA, credit unions. + +Edit: Hi all, sorry for the late reply. I was at work and when I came back to check the thread was locked. Thank you all for the replies. + +Edit 2: A friend mentioned filing for chapter 13 rather than chapter 7 bankruptcy. I don't know if I want to take the bankruptcy route. Either way, my credit score is dead in the water. Either I file for 13, have it on record for 10 years; file for 7, have it on record for 7 years and still have to make payments. +Hello everyone 🙌 I'm moving with my family to UK with a working class visa and earning 150k annually between both. We would like have 2 more children, foster care and eventually adopt (we love being parents and would like to help as many children we can) but this is a decission that needs to choose one place to stay at least 3 decades and we are not going back to our country, so besides settling physically in one place I would like to know if financially is a good decision to choose UK for these goals, so I don’t waste more years doing the residence path and just move out again in the next 3 years. + +Thanks in advance. (Sorry for any wrong expression or misspelling I’m not a native english speaker) +Finally getting round to writing a will, having put it off for far too long up to now. + +It should be fairly straightforward, so hoping to keep the costs reasonably low. I know some charities provide a free will writing service if you leave them a donation in it, or you can go to a solicitors, or DIY with 2 witnesses who aren’t beneficiaries. + +I’ve never written one before, so I was just wondering what the experiences were of those who have and whether anyone has any advice. + +Thank you! + +EDIT: Thank you all for the feedback, much appreciated! 👍🏽 +I’m really not sure if this post is allowed, please point me in the right direction if not. + +Am I using my electric boiler most efficiently? Is it really just this expensive? + +For context we are an electric only household and we’re currently paying about £200 a month PAYG. Most of this is the boiler. When I hear the boiler kick in, my meter immediately turns to red - very expensive. The tumble dryer is an amber cost according to the meter, for comparison. + +We have an EHC Fusion Astro. When the central heating thermostat is 32 (the lowest) my hot water doesn’t work. For the hot water to actually reach a showerable temp, both the CH thermostat and the HW thermostat need to be on something ridiculous like 50. + +Is this just the future? Or am I using this wrong? Is this actually cheap/comparable? + +(We are in a rental property - not my choice of boiler) + +EDIT: This cost is WITHOUT using any of the radiators. I have had the living room radiator on for a total of 2 hours in December so far. We are lucky to be in a maisonette surrounded on all sides so it’s bearable without heating. £200 is general electricity usage and hot water only. + +EDIT: It was pointed out that I was supposed to include my tariff. 45.032p/kWh and a daily standing of 0p. Utilita. +Not looking for career advice or anything, but generally asking the question to gain a better understanding of the different types of people who frequent this subreddit and what they do for a living. I'm sure this is a pretty sensible question for this subreddit as what you do to make an income is one of the biggest factors of your own personal finances. + +&#x200B; + +I see alot of young 20's people posting here, aswell as some 30 year olds and above so would be interesting to see the type of careers/jobs/businesses everyone has, what made you get into that and would you change it if you could go back in time and choose to follow a different path for yourself? +Remember this? + +&#x200B; + +https://preview.redd.it/rcx7nxvo10t61.png?width=1136&format=png&auto=webp&s=4a7ce7249a635a6c690bef83b64181e6e56ef26e + +Why does this point to Ann Hand? Here's her resume! It's been pointed out before, and we saw a spike in Super League Gaming's stock price around the time of the tweet. + +https://preview.redd.it/yi9gtsdz10t61.png?width=310&format=png&auto=webp&s=87515e93a1e7d0e1dae7737567bb3f80196e4b58 + +&#x200B; + +&#x200B; + +FROG + MCDONALDS = ANN HAND + +Why did GameStop pay off their corporate debt today? It allows them to engage in mergers now that's why! + +&#x200B; + +https://preview.redd.it/2uphtzok10t61.png?width=1164&format=png&auto=webp&s=ea60deb0011f1018ba1fbf2603c03e063cb266bd + +When can we expect this news? Well 4/20 (Or maybe 4/15 with Sherman out of contract and proxy statement), because Ryan's one of us. + +I for one, am a bully boy and i'm excited to see (If this tinfoil hat connect the dots theory is correct) GameStop expand into the eSports space. + +EDIT: Also GameStop released 8 executives from the board, but only hired 3? Space for a whole new team of executives? + +u/ncle_Bob pointed out that the gamestop tweet from Ryan today was near SLGG HQ. + +Wrinkle brains can debate whether this could just be the previous theory around the time of the tweet, simply an aquisition rather than a merger. They are worth 144M so this is in the ballpark if GameStop were to/ already have raised capital via issuing stock. This would explain the debt repayment element but i'm unsure if this would point to Ann being CEO. Ideas welcome. +So my husband and I have lived quite a steady, frugal life up til last year (I’m 32, he’s 35). We both had decent savings and unexciting but stable jobs. I earn £57k and my husband was on £50k. + +In November we bought our own house in London that needed quite a bit of work, but the price was low for the area and we thought it would be worth it. We both agreed that this was our long-term house and as we didn’t really spend on anything else, this was going to be our big splurge and we were going to make the updates we wanted. We ended up borrowing £30k over three 0% credit cards to fund some of the work. At the time, it seemed simple enough to pay it back (obviously would change that now if I had a time machine). + +In early March my husband moved from his stable but boring job to a more exciting role at a start-up with a pay rise. This coincided with lockdown, his company took a massive hit and my husband was made redundant after 3 weeks of working there. Everyone else got furloughed but as a new joiner he wasn’t covered by the scheme. + +So our current position is that we have £15k savings, we were hoping to make credit card repayments with it but looks unlikely now. We also have a 1,700/month mortgage. We applied for a three month holiday which began in May but I keep seeing lots of warnings about whether we should be doing this and future implications. Ideally, we would extend the holiday further until October as it would be such a weight off our minds. As it is, my husband’s mental state is in tatters due to the whiplash of landing dream job/redundancy/job hunting in a pandemic. We’re both worried about how long our finances will be in this state. + +I earn approx. £3k after tax and I’d say £700 goes on repayments/shopping/dependents. This leaves around £2k a month which I can either pay off my mortgage with or save in case the situation gets worse. + +At the moment I’m thinking to take the whole 6 month mortgage holiday and paying £1k a month and saving the other £1k. Then when my husband gets back on his feet we can overpay our mortgage. + +Would anyone chose a different option? Would love to hear your thoughts. + +EDIT: thanks for all your comments, it’s reassuring to know that I won’t completely be screwing up my future by taking the payment holiday so it’s likely we’ll go down this route. We’re trying to stay positive but it’s hard. +I distinctly remember that the recommending of Bitcoin-QT to new Bitcoin users became a faux pas in early 2013. It was claimed that regular people should download and install an SPV client like Multibit. + +Predictably, there was a large drop in the full node count, as the wallet market became dominated by a large number of new, light clients, and the most trafficked Bitcoin website, bitcoin.org, stopped exclusively recommending people to install Bitcoin-QT. + +Now, we have important developers like Luke-Jr claiming that this 95% drop in full node count can be mainly attributed to the growing size of the block chain, despite the fact that the drop began right when light clients began being recommended.. + +EDIT to add some data: + +This is the image that GMaxwell and Peter Todd, two individuals who are conservative about the block size (in particular Peter Todd, who's been warning about increasing the 1 MB size limit since 2013), have linked to to make their point about the full node count: + +http://i.imgur.com/EL0zHRe.jpg + +Up until at least March 18, 2013, the only client recommended to visitors of bitcoin.org was Bitcoin-QT, and an installation link for it was provided right on the landing page: + +https://web.archive.org/web/20130318211940/http://bitcoin.org/ + +The WayBack Machine shows that by March 25th, 2013, this had changed, and a 'Choose Your Wallet' button appeared on Bitcoin.org/: + +https://web.archive.org/web/20130513214959/http://bitcoin.org/en/ + +From March 25th 2013 onward, the number of non-full-node wallets recommended by bitcoin.org increased, in response to a general increase in the number of high quality and/or well marketed light and mobile wallets on the market. + +Now a days, Bitcoin-QT is one of twelve clients displayed on bitcoin.org's Choose Your Wallet page: + +https://bitcoin.org/en/choose-your-wallet + +Other than Bitcoin-QT and Bitcoin Armory, all of them are non-full-node clients. + +This shift, from a wallet market where only Bitcoin-QT was available and recommended to one that is increasingly diverse and dominated by light clients, coincides with the point (Spring 2013) where we start seeing a rapid decline in the full node count. + + +I would love to hear meaningful things you were able to do with grown children or for grown children that wouldn’t have been possible without extra funds. I want to explore alternatives to just leaving them the houses and savings when we are gone. Especially doing something while they are in their twenties or thirties. + +I would also love to hear from people in their twenties or thirties : If your parents could have done x , you would have been very grateful and it would have helped you a great deal. +My father called me saying his ipad was acting funny and gave him a phone number to call, then started a screen sharing session on his Mac. A reverse lookup on the number didn't show a well known number. I had him terminate the session right away (hearing in the background "but you called us, why would you want to terminate?" - red flag). I also had him disconnect that computer from the net by turning off wifi. + +I'm across the country. I'm not sure exactly what he needs to do at this point. He's contacting his bank. I also gave him the actual phone number for Apple Support just to make sure it wasn't them.Should I have him put a credit freeze through Experian? Should I have him change his credit card #'s? Does he need to do an internet recovery/wipe and reinstall of his OS on his Macbook Pro? + +I hate not being able to be there to help him and I want to make sure he's as protected as possible. Sorry if this has been asked and answered, I'm just concerned and want to get him help asap.I'd appreciate any guidance. +There is only one question that needs to be answered: are we at Pluto yet? Or even moon for that matter… + +If not, then just keep posting the purple rings…. + + +We have established well enough that the systems is beyond repair. Beyond tracking them sending money to tax havens, I personally, am ok with the amount of DDs I have ingested in 2021. + + +The one focus now is to DRS any shares that are bought. And also, just be prepared to be surprised. They have proven to be very clever adversaries so far. + +Good luck to us all. + +Edit: the last thing this post is about is Bitcoin. +Hello, I am using a throwaway. + +I am an ex-con released in 2018 for car crime. You can read one of the links from my post history if you want more details but the relevant facts are these: + +* \- I started with the group in 2011 when I was just out of my teens +* \- I carried on for 4 years +* \- I got arrested in 2015 and received a 6 year prison sentence. All my cash (£4,000) and cars were seized during the raid at my rental house. Most of the the money was returned to me as they were proceeds of gambling (I was a heavy drinker and gambler). Some of the cash and all of the the cars that belonged to the group I was involved in were confiscated. I had no POCA or HMRC action against me. +* \- I was released in 2017 on tag. + +Right before I was arrested in 2015 I bought bitcoins in cash from a BTC ATM machine. I had 20.33 BTC in my possession, they were bought for around £400 each back then. I gave them to my sister to hold onto when my landlord kicked me out of my rental house and I left my personal possessions with her when I went inside. I have proof of receipts for the purchases and I have the gambling transactions from my William Hill online account that show I made purchases from the BTC ATM next door to the bookie each time I had a good day at the bookies and bought one coin. + +When I came out of prison, I spoke to an accountant about them. He showed me guidance from HMRC that said that bitcoins were considered gambling and therefore not subject to tax. + +I have been selling them for the last few years, in cash and used them to fund my living expenses and equipment for my job (I was living in a probation service approved hostel whilst working as a painter and decorator and would sell them when I was low on work). + +I still have just over 16 bitcoins left. However, I went to my accountant just before Christmas and gave him my receipts for my painting and decorating jobs. He said guidance has now changed in 2018 and that the bitcoins would also have to be accounted for also and that they were subject to capital gains tax less my personal allowance. I would also have to redo my tax returns for 2017/2018 and 2018/2019 and 2019/2020 to account for the ones that I sold previously, less my allowance. + +**My question is, if I redo the tax returns, is there a possibility that my bitcoins could all be confiscated as Proceeds of Crime?** + +My accountant seemed shocked when I pointed out to him that they had climbed in price and were now standing at £16,000 (he said I'm the only client with bitcoins he has, and he doesn't know much about them). He said that he would try to speak to a HMRC officer off-the-record and see if there was a chance to do a full disclosure. He said there is something similar called a Code 9 but that is for criminal offences of tax fraud or tax evasion. He is worried that HMRC might not believe that I bought the coins with the proceeds of gambling, but that they were proceeds of crime from the car ringing I was doing. I still have some of my ATM receipts and I have the blockchain records that show I bought the bitcoins and transferred them onto paper printouts from [bitaddress.org](https://bitaddress.org) (they are now kept on a Trezor). But there's no proof they were bought in cash with the gambling proceeds. + +He seem quite concerned that I am sitting on assets worth £250,000 and that I could potentially be liable to lose them all. He has suggested that he won't submit my tax returns yet, until he speaks to some colleagues of his and a tax investigator that he knows. Then he says, it might be better to speak directly to HMRC and ask for a sit-down interview or a Zoom call and make a full disclosure. + +He said I also have the possibility of leaving the United Kingdom and moving to a tax haven. However I am now married and my wife's little boys from her previous marriage are in school, they call me 'dad' now. I'm not sure £250,000 would last forever in Switzerland or wherever, plus I'm an ex-con and might not get a residency permit. I'd prefer to stay in the UK and pay my taxes and get on with my life. My painting and decorating job is going really well now and I've got a full order book for spring 2021. I no longer drink or gamble. I moved away from my hometown and no longer have any contact with any of my old group. Any advice any accountants here can give is most welcome. + +**Tl;DR: I'm scared HMRC might confiscate my 16 bitcoins as Proceeds of Crime for an earlier offence, is there anything I can do and what's the % chance of me losing my coins?** +Here recently, my father and I both bank at Chase and our 401ks are through Fidelity. We have our assets listed on chase. (what we own, don't own). We have been called THREE times this week by chase asking if we'd like to set up annuities. Basically give our money to the insurance fund and they pay us lifetime payments. Is this a way banks are trying to raise capital and liquidity? Help a smooth brain out over here. Any feedback is welcome. + +&#x200B; + +Edit: Adding this from Comment sections for attention as well if anyone knows the answer. + +So, the hedgefund shit I can understand. Hedgefunds use prime brokers. Largest prime brokers are JP Morgan, Goldman Sachs, Citi, and I believe Bank of America. All have sold masssssive bonds in the past few weeks. All have crazy activity. It would be nice to know whos prime broker for Citadel and Melvin. + +&#x200B; + +Edit: Patiently waiting for wrinkles. +[https://www.cnbc.com/2020/08/27/powell-announces-new-fed-approach-to-inflation-that-could-keep-rates-lower-for-longer.html](https://www.cnbc.com/2020/08/27/powell-announces-new-fed-approach-to-inflation-that-could-keep-rates-lower-for-longer.html) + +*The Fed now “seeks to achieve inflation that averages 2 percent over time,” rather than 2% inflation as a fixed goal. What this means in practice is that:* + +*“following periods when inflation has been running persistently below 2 percent, appropriate monetary policy will likely aim to achieve inflation moderately above 2 percent for some time.”* + +When FED announced unlimited QE in mid-march, I didn't understand the implication of that and was still expecting for further market crash and reduced amount of my monthly investment. So would like to avoid the same mistake and analyze and discuss the implication of this major policy shift better. + +Questions + +1. Does this policy shift of allowing inflation higher than 2 % mean stocks are going to appreciate much more than expected before? Does this mean its prudent to invest now than wait for another corona related crash/Nov election crash? +2. What is the impact of this policy shift on other asset classes like bonds, metals etc compared to stocks? +3. If Biden wins, what are the chances that the new FED chairman appointed by his government reverse this strategy? +Hi, + +I recently inherited about $2M. I am 29, live in a HCOL city, and work in advisory for a big 4 accounting firm, currently making about $130k/year. Recently, I've felt stuck in my career, and am trying to adjust my plans to account for this inheritance. Knowing that the best thing I can do with the money is probably to invest it in VTI and leave it, I'm asking more for advice on how those who have achieved fatFIRE would approach their career in my situation now that I'm not chained to this W-2 but am not very close to my FIRE number of $5M-$6M. + +I have no interest in the industry I'm in and I work a lot of hours for a salary that isn't nearly as desirable as before I inherited this money. I'd like to make a career change that accounts for the increased risk tolerance I now have - whether that's going back to school and changing industries or finding a different type of role. I'm also hoping to live a little more - traveling and working less hours. Before the inheritance, I was considering going for an MBA, but I'm not finding it as easy to justify the end goal of consulting of banking anymore. Any thoughts or advice are welcome! +Full disclosure: I do have a position in bitcoins. + +The reason I feel compelled to write this is because I am SO tired of hearing people bitch or speculate that “wallstreet” somehow in some way has been manipulating the market. As a representative of one of the big 4 wirehouses, I thought perhaps one or two of you might be interested in my perspective on bitcoins. + +So I have been following bitcoins for a year or so now. Since about late March with the explosion of coverage I have made it my personal goal to survey as many people as I can in “the industry” on whether or not they too have any interest in bitcoins. The answer? Almost 0. Part in this is because the average age of a wallstreet employee is 62. I asked the simple question “hey, have you ever heard of bitcoins”. Even as recent as YESTERDAY the majority answer is “no” I get that about 80-90% of the time. I even called some people up in our FX department to ask – and even to my surprised the majority of the answers was “no”. I would say 1 in 5 respond “oh yeah I think I saw something about that in the paper yesterday - that look pretty stupid”. I’ve still yet to find another person in this industry that actually owns any coins (or at least would reveal to me they do). + +The notion that wallstreet is behind these “pump and dumps” is retarded. At its peak the bitcoin market cap was what $2.5 billion maybe $3 billion. Wow!!! The size of a mid-cap stock! Jee-wiz!! I could probably name 500 companies that none of you have heard of, that have a larger market cap than bitcoins. In the investment world a $2.5 billion market cap is nothing. The reality is, bitcoins act like a thinly traded penny stock. If a hedge fund manager really wanted to do a pump and dump, they would just use a small stock. The entry/exit is 1000000x easier than bitcoins. + +I think back to playing Diablo 2 and trading the “virtual goods” in that game. When a Windforce went from $20, to $40, to over $500 for a single Windforce did anyone think “wallstreet must be involved”. No, we simply understood there was an extremely high demand in our very niche market and within the community there was somebody out there comfortable spending $500 on an item that doesn’t even exist (tell that to my Amazon!). + +But what about all the articles on yahoo.com/finance & cnn.com/money?!? No legitimate investor on wallstreet uses either of these mediums as a source for news. Even if this made the front page of Barrons or the WSJ – it would just be another one of those articles most people just skip over (like 3D printing, cloud technology, fracking in the US – all new and interesting technologies most investors don’t actually care about). + +My last 2 thoughts… + +Any mutual fund, hedge fund, or otherwise “fund” that takes people’s money for investments has to follow a prospectus. Yes, managers will bend the rules from time to time and invest outside of the box. Perhaps going 35% emerging markets when the prospectus says they can only go 30%. But there is NO CHANCE in HELL any of them would risk their firms asses to go so far outside the realm of what was set up to put real investors’ money in bitcoins. Yes, there was that ETF or two that was a “bitcoin ETF”. But hell… if you look deep enough I’m sure you can find a World of Warcraft ETF… There is one in practically every space. + +Me personally, I think bitcoins are only the one of the coolest “new” technology, right up there with 3D printing (I’m a HUGE fan of 3D printing). I do own some coins myself. I am NOT trying to flip a quick buck. I do try and tell everyone I know about how great they are – and how they could possibly change the way we do commerce. I am not trying to bash bitcoins or create another thread on “why the bitcoin bubble is over”. I simply wanted to share my insight and possible clarify to some – the reasons why wallstreet is not involved. + +I am more than happy to continue this conversation. On a complete side note – as a day trader I am more than happy to share in insight or prospective on any charts relative to BTC/LTC/PPC/TRC/NVC. I do REALLY enjoy trading alternate currencies as a hobby. Feel free to send me a PM. + + +1HBLaM1t1GXXzaczHZeUFhPw3Vyktc8mLK + +LMZKTJvZkUwiuju7ftu7mHmFcv5Vz4bXsG + +Edit: Hey guys - as my first post, I'm totally blown away by all the responses. Really made for a fun night :) +2 Things I quickly wanted to point out... + +By saying "wall street isn't responsible for the pump and dumps". Isn't my way of saying this isn't happening, in fact I would say it's pretty clear it is happening. I just think the more realistic answer is that it's just a person, or a few people manipulating everything. + +Thanks for all the feedback. I apologize about the noob moves I have made along the way. I should have probably lurked more before posting, but hey - gotta learn one way or another. + +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +Hi, + +On another thread, I came across websites such as [buysellunlistedshares](https://buysellunlistedshares.com) and [unlistedzone](https://unlistedzone.com) to buy and sell shares in unlisted companies. I wanted to know if anyone has tried these channels before or if there are other mechanisms to enter this market. Specifically I have questions as below: + +* How does one trust the market price for such shares which is being declared by the market maker? +* Is entry and exit easy or is it a long process with a lot of paper work? +* Is there anyway in which we can track our investments in these unlisted shares? +* Transactional charges? + +Any suggestions would be welcome. +TIA +I came up with this idea to save taxes, and think this might be legal? Electoral Bonds _are not non-transferrable_ as far as I can tell, and are classified as bearer instruments (owned by the person who is physically holding it). Kinda like Sodexo coupons or cash. The person who holds them owns it. However, it is just a piece of paper with a watermark from SBI. It doesn't have your NAME on it (important) + +SBI sells Electoral Bonds, but not in cash (cheque/DD/NEFT etc). You could buy one in denominations of 1k, 10k, 1L, 1cr but it can only be encashed by a political party. SBI stops selling it on 10th April for the next elections. + +The expectation is for you to buy it and give it to a political party, who than encashes it with SBI. + +However, if you have a ton of cash you want to donate to a party - Electoral Bonds are perfect for you, since they let you bypass the 2k cash donation limit. So there's a market for donors who want electoral bonds against cash, but since SBI doesn't accept cash, here's what we do: + + So what you can do is this: + +1. Buy Electoral Bonds with your hard earned money. SBI asks you no questions. +2. Find a rich-person-with-cash who wants to donate to <political party> +3. Call them up and sell it to them for <insert whatever you want> + +They are also tax-exempt on the total amount. You get a small amount of cash (not enough for IT department to care about) - the tax exemption alone makes it a worthy investment imo, but you can ask for more from the donor. The donor now has a Electoral Bond they can shop at various election candidates or parties. + +Does this sound like a safe scheme? Electoral Bonds go at sale 4 times a year, and are sold for 10 days each time - being valid for 15 days from the date of purchase - so you should be able to do an initial-tax-saving-investment at the start of this year, and again at the end of the year to ensure maximum tax benefits. + +There are no limits to the amount of tax savings, so you could potentially get to Zero Taxes via this? +Why do people want to buy a house in India as an investment? It doesn’t make sense to me in anyway both financially and mentally. + +Buying a house only make sense if you are living in it. That too it’s debatable to some extent. Thoughts? +The share price of transglobal foods limited has increased almost 1000% since the start of Jan 2020. All this inspite of the company not making a single sale. How is this even possible? +Edelweiss is misleading customers by branding this Fund as 'US Technology Equity' + +The fund invests in JP Morgan Global Income Fund. You may ask what's wrong in that? + +1. JP Morgan Global Income Fund invests only *33%* approximately of its portfolio in Equity *and REIT* (Rest 67% is in Debt and other securities) + +2. Moreso, this 33% investment is invested in North America, Europe and other Emerging Markets (It's not even exclusive to North America) + +3. The JP Morgan Fund does not specify anywhere that it is exclusively investing in Tech Sector moreso! + +Conclusion:- Edelweiss US Technology Equity Fund is NOT investing in US Technology Companies (you won't even be investing in 100% Equity for god sake) + +SEBI should not allow such naming schemes for Mutual Fund, this can easily mislead gullible investors into believing that they are somehow investing in Silicon Valley! + +Reference:- https://am.jpmorgan.com/sg/en/asset-management/per/funds/global-income-fund/ + +Edit:- It seems the AMC website has incorrectly show this JP Morgan Global Income Fund as their Top Holdings + +This is a big screwup on their part +https://www.moneycontrol.com/news/business/companies/rbi-freezes-salary-of-bandhan-bank-ceo-stops-branch-expansion-for-non-compliance-of-promoter-holding-rules-2996681.html +If you're a crypto veteran or are not a Coinbase user, you can move on, there is nothing for you to see here. + +If you are new to crypto this bull run, or if you are just getting into crypto after the Coinbase public offering, and you're looking at Coinbase and trying to understand their fees, this post is for you. + +**Assumptions** \- In this post, I am assuming a few things. + +* You are using Coinbase (duh). If you use Binance or something else, this won't be of any help to you. +* You are using a bank account to purchase crypto from Coinbase, not using a wire transfer. +* Your fiat currency is **USD**. If you are using Euro or another fiat currency, the numbers will be different but the concept is the same. + +**Lesson 1: Do not buy your favorite crypto directly from Coinbase.com** + +Coinbase.com will charge you fees which are explained in more detail [here](https://help.coinbase.com/en/coinbase/trading-and-funding/pricing-and-fees/fees.html). Let's assume you wish to purchase $500 worth of Bitcoin, so you go to Coinbase and punch in $500 of Bitcoin. Your Coinbase.com transaction would look like this: + +[Total Cost: $500. Fee: $7.34. Amount of Bitcoin Owned: $492.66](https://preview.redd.it/1turjgk400u61.png?width=732&format=png&auto=webp&s=88326ade69bef541626cb5953a263359fe03f7f6) + +As you can see, there is a **$7.34** fee associated with this transaction, which means after you send Coinbase $500, you will own only $492.66 worth of Bitcoin. + +Let's see if we can get that fee lower. Don't buy directly from Coinbase.com, it's as simple as that. + +**Lesson 2: Coinbase Pro is free to Coinbase users, it's not a premium service, and it has more advanced features and lower fees.** + +Apparently this isn't something that is common knowledge. People hear Coinbase "Pro:" and they think it's some sort of premium paid subscription service. That's not the case. If you have a Coinbase account, you have access to [Coinbase Pro](https://pro.coinbase.com/) for free. + +In Coinbase Pro, go to your Default Portfolio and click the Deposit button in the upper right side of the screen. Select USD, then select BanK Account. You can deposit $500 to your portfolio here without incurring any fees. + +https://preview.redd.it/qz7h50w7d0u61.png?width=882&format=png&auto=webp&s=8a298d039c433123b28c791d680ba160c5a1d26a + +Coinbase also allows you to transfer any crypto or fiat between Coinbase and Coinbase Pro without incurring any fees. So if you have any fiat on Coinbase.com you want to use instead of transferring from your bank, you can do this by clicking the Deposit button, selecting USD or USDC, and selecting Coinbase.com as the source. + +After the above steps, you should now have $500 USD in your Coinbase Pro portfolio. + +**Lesson 3: Convert USD to and from USDC without incurring any fees.** + +Coinbase Pro only has a handful of trading pairs that are USDC based (example: BAT-USDC) and many more that are USD based (BTC-USD). Unless you are looking to buy BAT, chances are it makes most sense to have USD. But if you do need USDC, thankfully, this is free and easy to do. + +Go to your Portfolio page and look at the column on the far right hand side - **Conversions**. You can convert your USD to USDC or your USDC to USD. + +[If necessary for your preferred trading pair, convert your USDC to USD.](https://preview.redd.it/j6q8phhn70u61.png?width=478&format=png&auto=webp&s=3bd550cd8279885e19f321c2eb8d15630a7b4b9f) + +Alright - at this point you either funded your account from a bank transfer or moved your funds from Coinbase.com to Coinbase Pro. So now your portfolio has $500 in it. You might be wondering "But I wanted $500 of Bitcoin, not USD." We're getting there...hang in there. + +**Lesson 4: Buy your favorite crypto on Coinbase Pro.** + +Now we're finally ready to purchase your favorite crypto from Coinbase Pro. Head over to the Trade page and select the trading pair you wish to purchase. I'll continue to use Bitcoin as an example. Let's purchase $500 of Bitcoin and see how much we are paying in fees. + +[Total Cost: $500. Fee: $2.49. Amount of Bitcoin Owned: $497.51](https://preview.redd.it/cr4a4gy0b0u61.png?width=750&format=png&auto=webp&s=f634f5b3483598ea1319caa5b1a232d86df17f76) + +I have set the limit price to match exactly the price we were quoted on Coinbase.com so we can compare apples to apples. + +As you can see, your same $500 only incurs a **$2.49** fee on Coinbase Pro. So your $500 gets you nearly $5 more Bitcoin if you make the transaction on Coinbase Pro as opposed to directly from Coinbase. We're getting **0.00008587666** more Bitcoin. + +After purchasing your Bitcoin, if you want you can easily transfer your Bitcoin back to Coinbase.com if you like the portfolio value tracking charts they have there better, and as we previously discussed you will not incur any additional fees for that transfer. + +**Lesson 5: If you are trading more than $50K per month, always do Limit Orders, not Market Orders.** + +Coinbase Pro may have lower fees for Limit Orders if you are a high volume trader. + +https://preview.redd.it/5eagoq1s50u61.png?width=1016&format=png&auto=webp&s=8d18c41b38f9d838c22166b35b0e290e7e8910b3 + +The Pricing Tiers shown above is a 30 day rolling cumulative total of all the trades you've made on the Coinbase Pro platform. If you made 5 trades that were $10K each in the last 30 days, you would be in the $50K-$100K tier for your next trade. + +When you place a Market Order that gets filled immediately, you are considered a "taker" and pay the Taker Fee, which ranges between 0.50% and 0.04% based on the table above. + +When you place a Limit Order which is not immediately filled, that order is placed on the order book and when it is filled you are considered the "maker" and will pay the Maker Fee, which ranges between 0.00% and 0.50% based on the table above. + +For anyone who is below the 50K pricing tier, it will not make any difference if you are placing Market or Limit orders in terms of the fees you pay, but for anyone who is trading higher volumes, it is to your advantage to always place Limit Orders, as the fees you will pay will be lower. There are plenty of other reasons to always place limit orders, but I won't get into those. + +**In Conclusion** + +$5 might not seem like a big deal, but if you are making many transactions over time, it definitely does add up. Remember, if you owned $5 of Bitcoin when it was worth $0.003 in March of 2010, that $5 would be worth $93.3 million today. + +For those looking at Coinbase.com fees and wondering if they really have to pay that much, hopefully this was helpful to you. + +For those who are interested in DCAing and making regular reoccurring purchases, it might be a few extra steps, but you could be saving significant money in the long run. + +**TL;DR** Don't trade on Coinbase.com, instead trade on Coinbase Pro. + +I also tried to find a similar post to this and wasn't having any luck, so decided I would write it up. If a similar post exists, please have a mod delete this. +I see a lot of people that made huge gains, life changing amounts of money that instead of closing the position decide to risk it in the hopes of making even more money. Any statistical analysis will tell you that your chances of repeating a 1000% gain in a trade are very low,actually you are way more likely to lose money. + +So what I don't understand is why someone wouldn't take the profits and use them to improve their lifes, if someone were to gift you a million dollars tomorrow you wouldn't go and put it all in a very risky trade but for some reason if you make a million in a very risky trade a lot of people would put it back in another different very risky trade. +Just curious how to mitigate these issues with a taxable account. Bought into VOO during the dip few weeks back and now with this rally, unsure if DCA is best option or to wait for another dip. Current avg is around 340 and we’re sitting in the 390s. Thoughts and experiences with DCA in the setting of averaging up appreciated! +I recently started buying stocks for dividends, I only have 70-100 dollars a week to purchase with. Is it best to buy same stock until I have a set amount, or spread it out over my portfolio? TIA +Just curious how to mitigate these issues with a taxable account. Bought into VOO during the dip few weeks back and now with this rally, unsure if DCA is best option or to wait for another dip. Current avg is around 340 and we’re sitting in the 390s. Thoughts and experiences with DCA in the setting of averaging up appreciated! +I know this is a dividends community, HOWEVER total return in king. It seems like everyone loads up on JEPI and SCHD, both are good dividend payers, but neither even beat the VOO on a backrest of any kind, let alone QQQ or VOOG. I can see using the 2 if you are 65, retired, and want something to pay you monthly, but other than that, I can't see either being good long term holds +For those that are wondering what’s gone so horribly wrong the last 8 days with Spaceship’s Universe Portfolio, I would just like to let you all know that I dropped my first investment in on 17Feb. + +I’m sorry + +I’m the kind of guy who would have been the reason Winx lost her first race if I ever bet on her. +When I was looking for a house over 2020/21 the RBA was giving confident statements that it would not lift the cash rate for a long time. Looking back, I am confused why the RBA would make such a statement with such confidence? + +EDIT: lots of controversy! To curb the comments like "and you believed this!"... I did not believe this, and thus factored a rise into my calculations. There has been some clarifications that the RBA actually said they will keep the cash rate low while inflation remains between 2-3%, which they didn't expect to go up until 2024, and that headlines probably made it seem more like a promise to keep rates down. +As a 50 year old, I started having a percentage tucked away in various 401Ks various jobs. I would pick what I thought were good funds, put away as much as I was comfortable, and kinda just let things happen. Well, now I am in a house with probably $300,000 in equity and have an account with a little over $1.5 million in it. My expenses are currently high, but much of it is in my mortgage, which only has a few years left. Well, how does a guy not work himself to death when they're in this situation? +Let me start off by first saying that I know smear campaigns are a real thing and I am not trying to run one here, I am just pointing out some pretty obvious red flags about this dude which don't add up. + +What the fuck superstonk, either the shills are pushing this Steve Haas stuff to distract, or the confirmation bias is driving this weekend's madness. You cannot take this to the bank. This dude borders on mentally unwell and Dr. T seems to have made a mistake by retweeting an uncorroborated medium article. + +So much of what he has written is factually incorrect, but I don't want to spend all Saturday reading his stuff and trying to poke holes in it. I will therefore just briefly share what I have turned up in a 5 minute search of HIM and how I interpret that based on my legal and military intel background. + +&#x200B; + +**Main Points** + +1. Anyone can post on medium. There is no proof this guy is who he says he is, that he was raided, anything. His post is rambling with a photo of a raid. Which raid, who was filming, how do we already have a photo, this is thinking 101. WHAT THE FUCK SUPERSTONK!!? THINK! +2. Whistleblower numbers are awarded when they accept your filing. This does not mean that they have awarded you for effectively whistleblowing. He spent years trying to blow his whistle and then he finally got his number? That sounds like he finally figured out what they required or he finally filed one which wasn't frivolous. +3. As a former legal professional the enormous amount of pro se cases he has brought is a huge red flag. "I was former CEO of a company that had an IPO and had a desk at 1 wall street" does NOT JIVE WITH PRO SE litigation. You know who files pro se? Nuts. Seriously. If he was who he says he was, then he can afford a lawyer. And in his complaints he says he was the head of a company who Bain contracted with to unload of etoys assets. But in other posts he says he was the CEO, previously having a desk at 1 wall st. This guy is all over the map +4. Look at this complaint. [http://petters-fraud.com/3rd\_amended\_complaint\_v10.pdf](http://petters-fraud.com/3rd_amended_complaint_v10.pdf) + +He put his house as the address which is not a nice house by wall st/CEO standards [https://www.zillow.com/homedetails/108-E-Jewell-St-Delmar-DE-19940/76312293\_zpid/](https://www.zillow.com/homedetails/108-E-Jewell-St-Delmar-DE-19940/76312293_zpid/) maybe it isn't his, still weird to use that as your address in a legal claim. His email address is a yahoo address with laser in it. + +This guy is your classic conspiracy theorist. [https://www.dailykos.com/stories/2012/5/7/1089576/-Romney-is-Lying-on-Bain-Exit-in-1999-He-was-CEO-of-Bain-in-2001#comment\_46003027](https://www.dailykos.com/stories/2012/5/7/1089576/-Romney-is-Lying-on-Bain-Exit-in-1999-He-was-CEO-of-Bain-in-2001#comment_46003027) + +I skimmed this blog-post from a right wing Christian conspiracy theory site who interviewed him in 2016 [https://newswithviews.com/Nelson/kelleigh282.htm](https://newswithviews.com/Nelson/kelleigh282.htm). In it he talks about the new world order, assassinations ordered by Romney and how his candidate will save us all. + +This guy just screams conspiracy nut to me. + +&#x200B; + +Here's the rub. A lot of what we are discovering about wall st is not super far off from this kind of stuff, but we must carefully examine our sources. Conspiracies exist, hell, we're in one. + +&#x200B; + +**Lastly** + +Idk about you guys but Dr. T retweeting this is a pretty significant blow to my trust in her. This is an uncorroborated Medium article and if you look the dude up briefly, he's at the very least weird. + +&#x200B; + +Edit: OOF, either the shills really don't like this or I am harshing the confirmation bias buzz of genuine apes. + +Also, to avoid stolen valor shit, I was never directly in the intel world but was raised in it and spent my early 20s working with a man who was pushed out of the intel world for exactly this type of "inconvenient whistle blowing." So I know what the real deal looks like. +I saw this post "What was the worst financial mistake you have made?" and I learned a lot by reading the comments. Which made me think we can also learn a lot by sharing our successful decisions +I'm wondering how many of you make a living off trading options? I've seen some TastyTrade vids on YouTube where some have successfully changed "careers" and have left their 9-5 and solely trade options as their income. + +How long did it take you trading options before you made this change? + +Cheers. +Hi guys I recently started selling weeklies on Charles Schwab. I sell and buy to close 300+ contracts a week (account size 500k+). The fees are really eating into my profits, is it better for me to switch to another broker? + +Webull and Robinhood offer free trading but theres gotta be a catch right? Do they screw you on the fills? Hows TastyWorks and ToS compared to Schwab? I know Tasty's fees are a lot less. + +Thanks. +Sold multiple SPY 405 calls thinking the market couldn't go any higher... had to close out at a loss... sold some more calls yesterday thinking 412 was the high (multiple technical indicators are in overbought and price is up on declining volume)... rolled out further (September) with more time... + +Anyone else ever had a bad streak of losing for just shy of a month? I'm sitting here thinking I should've just sold put spreads to just collect a premium... (sigh) +Been helping my parents to manage their stock portfolio recently and introduced them to Option Selling. My dad is a diehard Tesla fan and has invested all his money into it from a few years ago. + +I started selling strangles in TSLA for a few months now, started from weeklies to now mostly 30-45 DTE. Made good profits (around 18%) so far but been assigned a few times and don't really have a "set" strategy. Just following support/resistance and our previous knowledge of the stock movement. + +Do you guys recommend any methods to generate better/more consistent value from these premiums? Our risk tolerance is extremely high since my dad's attitude is basically TSLA@2000 in 5 years or zilch. +I'm in the Air Force and I was recently having a conversation with a Navy Chief who I would consider a mentor. His stance is that renting is almost always throwing money away. He said you should buy a home, and then move into renting it out in order to make money from it. My strategy for building wealth has always been paying off my debt as quickly as possible, and maintain a minimalist lifestyle. My way of thinking is that earning more is much more difficult than simply spending less. I've watched a few different videos where people talk about the value of buying a home, paying down the debt you own, renting it so they're paying your mortgage, and basically doing that over and over as a method of building wealth. What I don't see those people talking about, and what the Chief doesn't seem to be concerned by (which concerns me very much) is the amount of risk and stress involved in that process. + + +So my question is this, am I a fool for not looking into buying property and instead using renting to live below my means? + + +EDIT: To clarify, this is specifically surrounding the US, and more than likely Illinois. + +EDIT 2: Obviously I didn't expect this many responses. I am reading everything and appreciate everyone contributing to the conversation. +&#x200B; + +https://preview.redd.it/svzkwzl2bvj61.png?width=2784&format=png&auto=webp&s=f15a23bbfbae0e68c4445d32e7eee78e15d5a75d + +[I have updated this DD to include Friday's data as well as some new data sources. Click here to view.](https://www.reddit.com/r/wallstreetbets/comments/ltcdf5/finra_data_now_shows_over_67_million_gme_short/?utm_source=share&utm_medium=web2x&context=3) + +EDIT 2: Updated graphs and tables to calculate the Short Volume as a percent of total daily volume which was very interesting! The last 4 days we have seen Short volume as a percent of total volume between 58-62%. During the last jump in price, we saw between 32-54%, so as a percent of daily volume, the shorts are even HIGHER than last time! + +EDIT: Thank you u/RicFlairsCape \- correct about the volume being total volume, not total shorts. i have updated the formula, looking at total short volume executed. Agree we don't know if it is all new positions or not, but the volume increase of acted shorts is in line with what we saw last time. + +My fellow apes! + +boilerplate: i know nothing, i can't do math good. don't listen to me + +I put together the FINRA daily short data for the last week and you can see a increase in short volume over the last 2 days! [http://regsho.finra.org/regsho-Index.html](http://regsho.finra.org/regsho-Index.html) + +(Note: if you want to find this raw data, use the link above and you will need to go into each day's file and search for GME, then copy the raw numbers. the top of the document will show you what each number corresponds to - this is not a user friendly document) + +There was nearly 12 million in volume yesterday and 33 million in volume today! This is literally IDENTICAL to the volume we say on Jan 21 & 22 (11M & 33M) just before the price jumped. +EDIT 4: An interesting one. Ihor Dusaniwsky from S3 answered on the question how it can be that they speak two different stories within 6 hours with " Seriously, trading changes on a day to day basis, shorts were holding on and now we are seeing them cover their positions. " - [https://twitter.com/ihors3/status/1356020281249247238](https://twitter.com/ihors3/status/1356020281249247238) \- but paying users for their software still have 100% SI in the app. There only two options: They are lying or they are having a shit product. Both things are not good for them + +Edit 2&3: As a comment said correctly " Buoy isn't a typo you retard. " - Thanks /u/tosseriffic + +Edited: Structured it more. I wrote it like a real monkey and $GME holder. + +&#x200B; + +&#x200B; + +TL;DR: S3 Partners announced some breaking news on $GME for today and didn't deliver. They delayed the report by over an hour and then handing out a 12 year olds school report which has been done during the lunch break. + +&#x200B; + +Earlier this day they were showing indications that media is giving wrong impressions on how shorted the stock is: + +"Amid the chaos of [\#GME](https://twitter.com/hashtag/GME?src=hashtag_click), even the experts are confused about what’s going down. That’s why we need impartial data!! Contrary to popular belief, most of the [$GME](https://twitter.com/search?q=%24GME&src=cashtag_click) shorts are actually NOT covering. Take a look at this u/S3Partners data to see what we’re talking about." + +Link: [https://twitter.com/S3Partners/status/1355923885468876802](https://twitter.com/S3Partners/status/1355923885468876802) + +&#x200B; + +3pm ET they gave their announcement on an " Exclusive [$GME](https://twitter.com/search?q=%24GME&src=cashtag_click) analysis coming at 5:00 PM EST " ( [https://twitter.com/S3Partners/status/1355965388002095106](https://twitter.com/S3Partners/status/1355965388002095106) ) which was heavily delayed without further notice. Eventually almost an hour later it was told that i took a " bit of a delay, sorry " without any other information: [https://twitter.com/ihors3/status/1356010101983891458](https://twitter.com/ihors3/status/1356010101983891458) + +Then again some time later they have published there report which doesn't fit there quality standards and usual work. It gives a strong feeling that they were stopped in publishing their original work and quickly scrambled some stuff together. + +&#x200B; + +The post and report doesn't provide even close to any useful data or proof to anything. + +Link to tweet: [https://twitter.com/S3Partners/status/1356017621649383426](https://twitter.com/S3Partners/status/1356017621649383426) + +Link to breaking news report: [https://s3partners.com/Exclusive.html?utm\_source=twitter&utm\_medium=announcement&utm\_campaign=10ds](https://s3partners.com/Exclusive.html?utm_source=twitter&utm_medium=announcement&utm_campaign=10ds) + +&#x200B; + +Some shit has happened in the meantime. Something is fishy. They got pulled into some shit and got weak knees. + +DON'T TRUST THEM. RIP S3 + +&#x200B; + +&#x200B; + +HOLD THIS STOCK. WE LIKE THE STOCK. As a good friend of mine said : + +&#x200B; + +POWER TO THE PLAYERS - Gamestop +Paid hefty premium for OTM stocks and now its ITM rather ATM. Pretty confident, the stock will continuously run next week. + +Would you take profit? barely 70% or just ride it out? + +Contemplating due to same theta as delta. Any serious advice would be greatly appreciated. +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 everyone. Long time WSB lurker and I've learned a lot here, so I'd like to give back and hopefully add some value to this sub. I think it’s worth spending a little time laying out my thoughts on why I’m investing in GME as an active early stage VC, and hopefully my insights can help people not paperhand before the real gains are made. I'll try to provide new insights that I haven't seen on this subreddit yet. + +Full disclaimer- this is my personal money I’m investing. Positions are 678 shares at a $39.81 average as a starter and looking to open a more significant position in the next few months once a few questions have been answered for me on things I’m looking to see (which I’ll discuss below). + +Obligatory rockets: 🚀🚀🚀🚀🚀🚀🚀🚀. If a few things happen, this goes to the moon regardless of a short squeeze. I'll explain why below. + +First, a quick overview at how most VC's do due diligence. + +**How VC's Invest** + +When we do due diligence on early stage investments (our Fund is a pre-seed and seed Fund with a few Series A deals), there’s a few things we look for, especially when evaluating growth companies in tech are as follows: + +1) What’s the market size? There are three types of market sizes investors look at; TAM, SAM and SOM. Feel free to look up how sizing these markets works if you aren't familiar, this is a long post so I won't waste people's time. The important thing to remember here is that **the larger the TAM, the more room for growth and competition and the more interest there is to invest in a space.** This is very important for GME and we will come back to why later. + +2) What's the CAGR? (Compound Annual Growth Rate). Basically, is the market expanding or shrinking, and how fast. Again, google this if not familiar. + +3) Experience of the management team- have they actually been there before and demonstrated an ability to scale and exit a company in this space? + +4) Unit economics- do the numbers make sense as this company grows? Is it actually going to be profitable? Every firm looks at these different. We look at CAC/LTV ratios and doubling time with tech companies. The TLDR of this is "how much money does it cost me to get a new customer, how long will they be my customer before they leave, how much money will they spend while they are my customer, and how fast can I double the money I spent on advertising to get that new customer ". + +There are a lot more things that obviously go into determining whether something is a good investment or not, but if there are red flags in any of these core areas a tech company is almost always uninvestable. + +**Now onto why after recent developments I think GME is shaping up to be one of the most attractive investment opportunities that investors have seen in these markets in years, but why many of you will miss out on the majority of the gains long term.** + +1 and 2) Market size and CAGR. As a gamer myself in spare time and a tech investor this is a market that hasn't even scratched the surface of how large it will get. Gaming is a market worth hundreds of billions, with an explosive CAGR as more young people grow up with gaming being a socially accepted activity and in many people's lives the center of their social experience. Most of you are familiar with this already, so nothing more to be said here. + +Now the question in the past was, is Gamestop capable of growing their share of this market? Until Ryan Cohen, the answer was no (and this is why the share price went down to where it was). Again, you all know this. But this leads to the second point of why it is now an attractive option + +2) Ryan Cohen. Not from an "excited about a memeing CEO" perspective, but from the most important thing to institutional investors- does he have a proven track record scaling and exiting profitable e-commerce businesses? Yes he does. + +Again, you all know all this and it is how the stock price got to here today. Everyone is sitting waiting and watching to see if there is a short squeeze (myself included), and there is a lot of hype and excitement. + +**But this is leading everyone to miss the forest for the trees because of the 4th point:** + +GME's Unit Economics have the potential to be best in industry, yet shares are priced at an extreme discount to revenues currently. + +I'd encourage everyone to check out this article talking about how companies with strong growth are normally priced by tech investors by one of the A16z partner. [https://a16z.com/2020/08/17/role-of-entry-multiples-in-valuations/](https://a16z.com/2020/08/17/role-of-entry-multiples-in-valuations/) The article is titled "why entry multiples don't matter" and helps entrepreneurs understand how valuations of companies can make sense for tech investors. + +The short of it is for all the WSBers who can't read: if you have more growth, you get a higher multiple because you will have the potential to produce far more dividends faster, especially in high margin tech companies. + +So what is fascinating about GME? + +**If I was presented a new company that had just driven it's e-commerce revenues 300%!!!!! YoY, operating in a several hundred billion TAM, backed by investors and management who had grown a company in the same vertical to hundreds of millions in annual subscription revenue, and with a strong balance sheet and distribution footprint and a widely recognized brand, 20x topline revenue in the early stages would be considered a steal to invest at.** + +Instead, GME is priced at a $2.8B market cap, less than half of annual revenues. + +This is an unheard of valuation for a growth company to be trading at a discount. + +So why is GME underpriced, and why did so many people (myself included) not see or continue to not see this opportunity until now? If it's such a good opportunity, why are shares so cheap? + +**Most investors are looking at the legacy Gamestop business that has existed for the past decade instead of treating GME like a new startup (CHEWY for Gaming).** + +If Ryan Cohen can transform GME into a subscription-based membership model where in exchange for your monthly fee you have a one stop shop to all things gaming discounted, you have a company that could easily be valued at a 10-30x multiple on top-line revenues. However, because most investors outside of this subreddit still view it as a traditional brick and mortar play vs. a subscription focused tech company with omnichannel growth strategies, they think a bubble is forming and are shorting it instead of buying in. + +**So why am I not all in yet but why am I excited?** + +The most important thing yet to be understood is what does the customer value proposition look like under the new direction Ryan Cohen takes GME. Most large investors will be waiting to see how over the next year the balance sheet is strengthened for growth, what new revenue models can be implemented, and to see if there has been a true pivot from brick and mortar. + +This is a company that if management can execute on correctly, most large institutional investors will be clamoring to get a significant stake in and grow it because the gaming market is here to stay and grow. Bear arguments that digital game sales will hurt GME miss the entire point of the pivot. Ryan understands this and wants to instead bring the whole gaming experience in house- everything you buy you want to buy from GME because you're part of their membership program (again think Costco). Those programs are insanely profitable and if the unit economics show that to investors as the company pivots the valuation will soar immediately as people realize it's Amazon Prime, not Blockbuster. However, it is yet to be seen if they can execute on this vision, which is why I am not all in yet. + +There is still long term risk which is why this stock is still low. Not a lot but there is some. + +Maybe the company doesn't grow? Maybe they reject Ryan's vision? + +But here's the bottom line. + +If a shift to digital first does occur, and GME becomes a subscription first omnichannel gaming company, the market cap will conservatively be 10x topline revenues. + +Let's say that stays flat next year at $5B. + +This market cap (matching industry standards) **should for an appropriate valuation for a growth stock be $50B.** + +I know this sounds insane. But if Ryan can complete the transformation he is hoping for this is a very conservative valuation. + +A $50B market cap would be $800 a share right now. Again, this assumes Zero topline revenue growth. If revenue begins to grow again 10x will be unrealistic and the multiples will get far higher. + +This is why the short squeeze is distracting many. **In 5 years if you diamond hands this company, the fair value of shares can range from $800-$2400 and not be in any sort of bubble or unjustified by fundamentals speculation.** + +TLDR; this company if Ryan does what we believe he will may be one of the most undervalued companies this subreddit has ever discovered. Even if you take profits in a short squeeze, don't forget to keep shares for a long position because opportunities like this rarely come around. I imagine the short squeeze will allow them to issue more shares to strengthen the balance sheet, and the company has a fantastic launch pad to start from with the size of it's existing customer base, brand awareness, and revenue. If it becomes clear that GME will be executing on Ryan's vision even at a $10B market cap this will be a steal and I will open a full position then. I am waiting to expand my position to see what happens with the pivot, as this all goes out the window if GME rejects his strategy. + +As always, do your own DD but I have learned a lot about options from this sub and hopefully this helps a few people understand why selling shares may end up being the biggest regret of their life. **GME's business model has the potential to look just like Amazon's with a focus on the gaming industry and these shares are only at this price because the market is still looking at the old company and not the new startup that GME could become. + +Edit*- I wrote this prior to the squeeze that happened. You all know the explosion the price saw. My diligence was written for those investing under $40. I’ve gotten a lot of DMs. My thesis has not changed that this was a discount at the time I wrote but I am not opening a significant position until I understand what Ryan Cohen’s vision for a turnaround is. I am also not holding at the moment and had taken profits last week when I couldn’t justify the market cap for the current company under any circumstances and it began feeling like a pump and dump. I will be looking to reopen my original position between $20-$30 and then look to see what the vision for the turnaround looks like before adding more. This is in no way financial advice and do your own diligence. I stand by my long term vision for this company IF and only if I like Ryan Cohen’s turnaround plan and pivot to a business model with attractive margins and potential for strong growth. +Inspired by the recent events in r/wallstreetbets causing $GME, $BB, and $BBRY, among other historically highly shorted stocks to surge just to spite some rich people in wall street, I've decided to come out of retirement from r/wallstreetbets and publish a new edition of DDDD (Data-Driven DD) covering the exact mechanics that made this possible. I’ll also introduce those of you that are unfamiliar how r/wallstreetbet’s favorite gambling device, stock options, actually work and how they can be used by this subreddit as a weapon of mass destruction against hedge funds like Melvin - all dumbed down to a fifth grade reading level so that the average person in this subreddit will mostly understand what I’m talking about. + +*Disclaimer - This is not financial advice, and a lot of the content below is my personal opinion. In fact, the numbers, facts, or explanations presented below could be wrong and be made up. Don't buy random options because some person on the internet says so. Do your own research and come to your own conclusions on what you should do with your own money, and how levered you want to be based on your personal risk tolerance.* + +### Shorting + +**How It Works** + +Most traditional (i.e. boomer) investors usually try to make money by going long - i.e. “buy low and sell high”; this is when you buy a stock thinking it will go up in the future (bullish). Shorting is the opposite of this, you “sell high and buy low”, thinking the stock will go down in the future (bearish). This is usually done through the broker, where the prospective short seller would “borrow” the shares from them, and they would need to pay back these shares in some future date by “covering their shorts” - or buying back the exact same quantity of shares they owe the broker. + +For example, imagine that there were only 10 Surprised Pikachu Pokemon cards in the world. Because nobody wants to deal with taking physical possession of these cards and risk losing their Pokemon card in their laundry or something, everyone pays a Pokemon card dealer a small fee to store it for them. Through their dealer, you can buy and sell these Pokemon cards as well. A 🌈🐻 realizes that maybe Pokemon cards are dumb and borrows 2 Surprised Pikachu cards (who has a prearranged agreement with some institutional Pokemon card hoarder to loan them out for interest) and sell them for $420 each, thinking that they're actually work $100 at most, and plans to buy the Pokemon cards back at that price to repay his Pokemon card loan (i.e. covering their shorts) - this is a short sale. Since no one actually wants to physically hold these Pokemon cards, these cards physically stay with the dealer who could then lend out these exact same Pokemon card if the buyer also has an agreement to allow them to do so. This means that you can actually have people owing more than the total number of Surprised Pikachu Pokemon cards in existence (i.e. short interest > 100%). + +Replace “Surprised Pikachu Pokemon card” with stocks and “Pokemon card dealer” with “broker” and you have a short sale of shares. Interestingly enough, this also applies 80% to how banks work as well. + +**Short Squeezes** + +So when does a short seller need to cover their shorts? Well, either when a) The short seller wants to, either to take profit or to stop a loss, b) Their broker forces them to through a margin call, or c) The broker forces them to as the broker has recalled their loan, usually for a hard to borrow stock - they get “bought in”. Today, we’ll focus on C) because this is how short squeezes happen. + +So, what does a broker recalling their loan mean? Well, to go back to the Pokemon card example, imagine that the dealer only has 6 Surprised Pikachu Pokemon cards that he’s legally allowed to loan out. Some more 🌈🐻 short sells all the 6 remaining Pokemon cards until the dealer has no more available on hand. So what happens when someone wants to buy a Surprised Pikachu Pokemon Card and doesn’t want the dealer to lend out their cards? He’ll have to force one of those 🌈🐻 to buy back the card that they owe them so the dealer can give it to the prospective buyer. But who can the 🌈🐻 buy back the card from? The dealer. But the dealer doesn’t have any cards to sell, so they need to force another 🌈🐻 to cover so that the former 🌈🐻 can cover their shorts. This vicious cycle repeats and leads towards a sudden surge in demand for Surprised Pikachu Pokemon cards and a spike in prices for it - a short squeeze. + +**The Institutional Factor** + +One thing alluded above was that shares can only be borrowed from \*some\* share holders, but not all. So who exactly can and does a broker typically borrow these shares from? These are usually margin accounts of either institutional and sometimes (although much less frequently) retail investors. Usually, when an entity signs a margin agreement, which allows them to borrow either cash or shares from the broker, they give permission to the broker to also lend out their shares in the process, and thereby also give up their voting rights - in case you’ve ever wondered who actually the share \*actually\* belonged to in shareholders meetings. Since almost every institution except Warren Buffet uses margin to a certain extent, and not that many retail investors do, especially given that retirement accounts are forbidden to use margin, and it’s much easier to “find” one big source of TSLA shares from one big institution with a margin account rather than find thousands of smaller margin retail accounts who hold TSLA shares, so most of the time, these shares are being borrowed from an institution (i.e. pension fund, hedge fund). This means that shares that are almost disproportionately held by retail investors are much harder to short because they’re harder to borrow from the broker, and retail-heavy stocks like HTZ, GME, NIO, and NKLA, which virtually no institutions actually hold, will demand high interest rates when shorting and the sellers can much more easily be forced to cover during a short squeeze. + +### Stock Options + +**What are Stock Options** + +A stock option is a contract between the writer and whoever holds it that gives the option holder the right to buy (call option) or sell (put option) 100 shares of the underlying stock on or before the expiry date at a specified strike price. So for example, buying a GME 1/29 $1000c gives whoever the holder of this contract is the option to buy from the writer of this contract 100 shares of GME at $1000 / share on or before 1/29. Obviously if GME is lower than $1000 before that date, the holder would be an idiot to exercise this option to buy GME shares for more than their current market value, so they expire worthless. + +This effectively provides the option holder an immense amount of leverage, and provides the opportunity for them to 10x or even 100x their original investment if the underlying asset moves the right way - for example because a subreddit declares war on a hedge fund and pumps up a stock to make them go bankrupt, while limiting their losses to the cost of the option. The option writer will in return receive a premium for the option, potentially risking an infinite amount of money, but with a high likelihood of making a small profit. These writers would either be + +1. Theta gang - who are looking to generate a tidy income source from those option premiums and pray that the stock doesn’t move in the wrong direction too much +2. A market maker - who writes the contract when they see an arbitrage opportunity between the market value of an option and the theoretical value of it, and hedging their contract they wrote by buying / shorting the underlying assets so they effectively don’t actually take a position in the market. + +We’ll go over how 2) works and how this mechanism can be used as a financial nuclear bomb, but first you need to learn some greek. + +**The Greeks** + +The greeks in finance is a set of factors that can affect the price of a stock option / group of options + +Delta - Change of the option price as the stock price changes + +Gamma - Change in Delta as the stock price changes + +Vega - Change in the option price as volatility of the stock changes + +Theta - The decay in the option price as the expiration date gets nearer + +Rho - Change of the option price as the interest rate changes; Most people ignore this + +Looking at the greeks of the gambling tickets you buy is very useful to analyzing the ways you can make or lose money on them. Think TSLA will go up a modest amount? Buy a high-Delta call. Think GME is going to 🚀🚀🚀 1000% more? Look for a high Gamma call so your Delta gains accelerate as GME 🚀🌕. Do you feel like a vampire and want to have a steady income source from degenerate r/wallstreetbet gamblers on a stock you think will go flat (relative to historical volatility) over the next few months? Join theta gang and sell a high-Theta and high-Vega option! + +**Market Makers** + +The Black-Scholes model is a fancy mathematical model that describes a “perfect price” (a lot of caveats here) for a stock option. This is done by showing how every option written can theoretically be perfectly hedged by a series of purchases or short sells on the underlying stock. This means that theoretically, if there is a large gap between the theoretical price from Black Scholes and the actual price for an option, there is an “arbitrage” opportunity - this is where market makers come in. + +Market makers are companies that provide liquidity to a market by offering to be counterparty to trades. This is especially useful in stock options, where a single ticker can have thousands of options, and there might be someone who wants to buy a GME 1/29 $1000c but no one is actually actively selling it. However, this option might be listed anyways and Citadel will sell you the call if anyone tries to buy it and then immediately hedge it. In fact, when you buy an option chances are you’re not actually buying it from its previous owner selling an option they already own, but from a market maker like Citadel (who is responsible for over 99% of all options volume in 3000 stocks). + +So what happens when someone buys an option from a market maker? Since the market maker typically can’t (and probably don’t want to) take a position, meaning taking a directional bet if a stock goes up or down, they’ll immediately hedge the option they just conjured out of thin air by buying or shorting the equivalent number of shares such that the Delta of those shares is the same as the Delta of the option they wrote to remain Delta-neutral, so if the stock goes up or down their position value doesn’t change - this is called **Delta hedging**. Furthermore, as the stock price moves up (calls) or down (puts), they’ll need to buy or sell even more of those shares to remain Delta neutral since the Delta will change due to the option’s Gamma - this is called **Gamma hedging**. + +### Putting It All Together - How options can be used as weapons of mass destruction against short sellers + +Now we have the tools to understand how these two financial concepts put together can make billion-dollar hedge funds go bankrupt. Through Delta and Gamma hedging of market makers, buyers can have the effect of buying shares dozens of times the value they actually spent buying their option; a XYZ 4/20 690c can cost only $100 in premiums but causes the market maker to buy $2000 in the underlying stock to hedge against it. If you get enough retail investors to do this, they'll have the impact of billion-dollar whales on the market despite their small stimulus-check-funded portfolios. + +Now, you do this on a stock that is heavily shorted, and with very little institutions actually holding real shares of these - making it harder for brokers to find shares to borrow, and you have yourself a weapon of mass financial destruction capable of making billions of Melvin’s money disappear in a single day and potentially have GME 🚀🚀🚀 to a trillion dollar market cap. + +**How** r/wallstreetbets **Controls the Stock Market** + +The one thing that’s interesting about all of this is r/wallstreebet’s unique position in being able to facilitate this weapon of mass financial destruction because + +1. Most rich people or institutions too risk adverse to buy large amounts of out of the money options (unless you're Chamath or Elon) +2. This can only really happen on stocks that very few institutions (i.e. rich people) actually own, meaning it needs to be held / bought on mass by retail investors +3. In any other scenario where 1 and 2 happen to be true, this would be classified as market manipulation and be immediately shut down by the SEC + +**My Positions** + +r/wallstreetbets veterans may recognize me as the 🌈🐻 who wrote those long-ass 2000 word essays about how the [stock market is in a bubble](https://www.reddit.com/r/wallstreetbets/comments/ghcfn5/dddd_the_20102020_liquidityfueled_asset_bubble/) and loaded up on VIX calls last time you heard from me. Although I still stand by my thesis and stocks like GME, TSLA, and NKLA is just proof that we've reached the euphoria phase of it, I learned my lesson that I'm idiot trying to short it (for exactly the reasons described above) and got the fuck out of my position when VIX shot up back in Sept. Most of my "real money" has since been moved to gold and crypto, but because I'm a degenerate gambler, I still have a bit of money playing with /ES and a **calls on** [highly-shorted stocks](https://www.highshortinterest.com/) **with meme-stock potential** (i.e. vast majority held by retail investors). Now that I'm busy with work again, I probably won't be posting as frequently as I have had in the past, but you'll see me around from time to time :). +Howdy all, whipped together this simple to use mortgage calculation tool with a mate. Basically a web UI conversion of a fancy spreadsheet we made that pumps out useful state specific info regarding: + +\- LMI + +\- Stamp duty and concessions + +\- Available down deposit + +\- FHLDS availability + +\- Debt, equity and property value over time + +\- Optional rent received vs. expenses etc + +and some other stuff. + +Includes a cupla wee graphs for some nice visuals and a downloadable PDF summary of the calculated info. + +Hopefully can assist those who aren't well versed in the property purchasing realm (like us) and the costs that come along with it. + +Still a work in progress so any feedback would be appreciated. + +Cheers + +[Housing Calculator](https://housing-calculator.web.app/) +I'll start. + +Worst performer was Costa Group (CGC) which got hammered by the drought causing multiple profit downgrades among other issues. I plan on keeping it stuck in the bottom drawer and crying until it recovers ;-) + +Best performer was Mesoblast (MSB) and I'm considering accumulating more if it falls back below $2. Long term I have very high hopes for MSB and she is cashed up moving into 2020 with a very promising clinical trial pipeline and multiple potential good news stories coming. DYOR of course as you never know with biotechs and MSB in particular has had quite a tumultuous history. +I am looking at putting in an offer on an apartment in Wollongong. I am trying to do as much due diligence as possible prior to getting a strata report, which I will do if my offer is accepted. + +I've looked at the flood map and it seems ok. I've looked through the contract and nothing stands out. Is there anything out there I should be checking? +NAB increased last week and now I’ve just found out through my network that Westpac is increasing fixed rates across PPOR and Investment Loans effective tomorrow. I think that makes it twice in 2 weeks (a total of 3 times in about a month) that Westpac has increased. + +**PPOR P&I** + +1yr 2.34% (+0.25%) + +2yr 2.34% (+0.25%) + +3yr 2.69% (+0.30%) + +4yr 2.99% (+0.20%) + +5yr 3.19% (+0.10%) + +**Investment P&I** + +2yr 2.64% (+0.35%) + +3yr 2.99% (+0.30%) + +4yr 3.29% (+0.10%) + +5yr 3.39% (+0.20%) + + + +I’m expecting the others will follow suit again soon. I’ve made a few posts about it. For those who haven’t taken action, the market is running away from you. +I'll start. + +Worst performer was Costa Group (CGC) which got hammered by the drought causing multiple profit downgrades among other issues. I plan on keeping it stuck in the bottom drawer and crying until it recovers ;-) + +Best performer was Mesoblast (MSB) and I'm considering accumulating more if it falls back below $2. Long term I have very high hopes for MSB and she is cashed up moving into 2020 with a very promising clinical trial pipeline and multiple potential good news stories coming. DYOR of course as you never know with biotechs and MSB in particular has had quite a tumultuous history. +Edit: I posted this to make the data available to everyone and start discussions around the 13Fs. The reported numbers are a bit meh but I don't see this as being FUD. Despite some funds selling, price has been supported. SI% is still likely 200%+ but can't be seen in 13Fs. Shorts remain fukd. + +Edit2: Updated the figures to not use scientific notation for the numbers, now in millions of shares. + +Edit3: We now have data for Jane Street with massive increased put positions!! I also updated and improved clarity for all the figures. + +This post takes the most recent 13F filings that were finally submitted today and compares them with the previous reported positions. I mostly focus on looking at changes for funds with large short positions (predominantly puts) but also include data in the plots for the long whales. + +The new positions should be accurate up until March 31 2021 provided that the funds didn't fudge their filings expecting just a small 'cost of doing business' fine..[.](https://preview.redd.it/jbqrepkbwvz61.png?width=3364&format=png&auto=webp&s=16f28d7a1b11f318a520fb6221434451236ee9fa) + +I might have made some errors so let me know in the comments if I missed something. + +***Note: some funds have not yet filed their updated 13Fs***. I'll edit the post and figures once these filings become available. + +# Intro and what we're looking for 'aka' show me the PUTs + +Many DD posts have looked into different tricks to create naked shares using options. I previously wrote [a post describing the married put naked short selling trick](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) and [gathered as much data as I could to detect options fuckery in GME in 2021](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/). + +The biggest evidence for naked short selling fuckery to my mind is the massive increase in open put interest at the end of Jan that coincides with decreases in reported short interest (SI%), FTDs and GME share price. + +[SI&#37; and FTDs decreased at the end of Jan 2021 as a massive increase on open interest occurred for GME puts. This is suggestive of naked short selling options fuckery.](https://preview.redd.it/jy1dfqamkpz61.png?width=4500&format=png&auto=webp&s=7dc9264c12190d89d469e4a237ff37376405e3d7) + +At the end of march open interest for GME puts was 1.29 Million contracts. This equals the equivalent of 129 Million shares. I checked this in 2 separate sources just to be sure. We should see close to 129 million shares in puts listed in the new 13Fs. + +*So who dun goofed and bought all those puts??* + +# Major holdings for large short/long funds - Mar 31 2021 + +Here I've selected any firm that has at least 500K shares or 300K worth of shares in put/call options in the new filings. Any fund that has a large short position in PUTs is labelled as potentially short although more digging would be required to confirm for some of the funds. + +&#x200B; + +[Positions for Funds with large holdings in puts, calls or shares.](https://preview.redd.it/e5dkghleqvz61.png?width=5322&format=png&auto=webp&s=d420bb529bdbf39fcd7091c1270acf00a827d471) + +A number of the large long position holders have sold their stake in GME over recent months. Blackrock and Vanguard still hold significant positions. On the short side we have a number of the usual suspects plus some new funds with large put positions. + +# Total shares, put and call positions in recent 13F filings + +This is a simple sum of all the shares reported by funds in the last two 13F filings separated out into shares, put or call positions. + +[Total summed positions across all funds in recent 13F filings.](https://preview.redd.it/vxo08agjqvz61.png?width=2164&format=png&auto=webp&s=4daee5a1ba94eb1e1221e5eeb77358e437da5aac) + +We only see 25 million shares in puts reported fo far in the 13F filings. ***Where are the other 100 Million that we know were held due to the open interest on March 31 2021??!?*** + +# Large changes in positions from Dec 31 2020 to March 31 2021 + +This first plot show the positions for any fund with at least 500k shares or more than 300k shares in puts or calls at either time point. + +[13F large fund positions for GME for the last 2 quarters.](https://preview.redd.it/jbqrepkbwvz61.png?width=3364&format=png&auto=webp&s=16f28d7a1b11f318a520fb6221434451236ee9fa) + +We can see that some of the funds with medium to large holdings in GME shares have sold their positions in the last months. The big positions of Blackrock, Vanguard and RC Ventures remain the same. Changes and put/call positions can be seen easily from the lower 2 plots. + +Note that Fidelity (*Fmr llc*) probably didn't sell their position. u/Rehypothecator pointed out that Fidelity likely still has a vast number of shares but moved them to their mutual funds meaning they are no longer reported in the 13Fs. + +The next figure shows all fund positions with a change of at least +/- 300k shares in either shares, puts or calls between time points. + +[Position changes for all funds with a change of at least 300k shares in either of the position types.](https://preview.redd.it/1s0ps7utqvz61.png?width=4680&format=png&auto=webp&s=8d39021e5a0ecf950a6efac6078d40eeaeab664e) + +# Observations from different funds + +## Short funds + +***Citadel advisors llc*** Increased their put position by more than 1 million shares this quarter. Less than we might have thought but as you'll see down below they seem to be coordinating with other funds (e.g. *Imc-chicago*). Citadel report selling off all their shares and increasing their put and call holdings. + +***Susquehanna international group llp*** similar situation to Citadel with more than 1 million new shares in puts, some additional call options and all of the shares they previously owned now sold. + +***Melvin capital management lp*** were the biggest GME losers in Jan. They reported 6 million shares in puts at the end of Dec 2020 suggesting a massive naked short position. Since then very little has been revealed about Melvin. + +Edit: Melvin requested special permission to not disclose some of their positions (from a useful comment below): + +>THIS FILING LISTS SECURITIES HOLDINGS REPORTED ON THE FORM 13F FILED ON FEBRUARY 16, 2021, PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FOR WHICH CERTAIN HOLDINGS WERE VOLUNTARILY WITHDRAWN FROM THE CONFIDENTIAL TREATMENT REQUEST. +> +>[https://sec.report/Document/0000905718-21-000618/](https://sec.report/Document/0000905718-21-000618/) +> +>Published: 2021-04-28 17:15:15 + +***Maplelane capital llc*** was the second biggest loser to GME in January. They had a massive short position of 2 million shares held in puts at the end of 2020. In their new 13F they report that they sold all of their puts and now have zero exposure to GME. + +***Imc-chicago llc*** has a newly created options position with a massive 2 million shares in puts, 1 million shares in calls and zero actual GME shares. [***The designated market maker business of Imc-chicago llc is owned by Citadel after it was purchased at the end of 2020***](https://www.citadelsecurities.com/news/citadel-securities-expands-leading-dmm-business/). The change in position for this fund suggests that Citadel is using it as part of the naked shorting scam to hide FTDs and suppress price. + +***Wolverine trading llc*** has a similar short position as before at the end of 2020 with almost 2 million shares in puts. Given the number of expiry dates with huge numbers of put open interest expiry it is very likely that *Wolverine trading llc* opened up new contracts to maintain their short position. The below quote if from Lucy Komisar: + +>In 2004, when new Reg SHO rules were being considered, *Wolverine trading llc* argued that market makers should not be required to cover shorts. It was adopted and known, after its author and prime proponent, as “The Madoff Exception.” +> +>Later legal cases revealed that *Goldman Sachs* wrote to *Wolverine trading llc* saying, "\[W\]e will let you fail." We will let you fail violates SEC rules; it’s illegal market manipulation. The email was obtained in discovery in 2011 in the Overstock legal case against conspiring broker-dealers. With the fraud impossible to refute, Goldman settled with Overstock for $20 million. + +***Goldman sachs group inc*** have been involved in multiple naked short selling law suits. Their new 13F filing shows that they sold most of their GME puts and shares but acquired about 30k more shares covered by call contracts. + +***Jane street group llc*** reports a massive 2.5 million shares in puts increase and 2 million shares in calls increase. Jane street reports that they hold more puts than Citadel. + +***Ubs group ag*** have cut back from a position of 4 million shares in puts at the end of 2020 down to about 1 million at the end of March 2021. Their position was definitely suspicious before but it seems like they are reducing their exposure to GME quite significantly. + +***Citigroup inc*** had a large position in GME calls/puts at the end of 2020 but appears to have reduced their GME exposure since. + +***TACONIC CAPITAL ADVISORS LP*** now owns half a million shares in puts without holding any actual shares. [Senior management at the company have a number of strong ties with Citadel employees](https://relationshipscience.com/person/clay-calhoon-3905596). + +***PRELUDE CAPITAL MANAGEMENT, LLC*** sold all of their 10k GME shares but is now short and owns 1.3 million shares in puts. + +***NOMURA HOLDINGS INC***, ***BLUEFIN CAPITAL MANAGEMENT, LLC*** and ***CAPTION MANAGEMENT, LLC*** have each newly acquired approx. 200k shares in puts and 200k shares in calls. None of these funds have any meaningful amount of real shares. Possible married-put/reverse conversions here. + +***GROUP ONE TRADING, L.P.*** reduced their put position by approx. 1 million shares but remain short with 2.5 million shares in puts. + +***SESSA CAPITAL IM, L.P.*** has opened a new 1.8 million share put position. The have no shares or call options. + +## Long whales + +Here I'll just list the funds with with 200k shares or more. DFV whale kinda size or bigger. + +[Shares held and change in position for all funds with at least 300k in GME shares on March 31st 2021.](https://preview.redd.it/cvg4d183zuz61.png?width=784&format=png&auto=webp&s=b8dadb242fc92b31c897e59666c7829827c267fb) + +# Conclusions + +Looking through the 13Fs has been kinda odd. There were 130 Million shares in puts open on March 31st but only 30 Million reported in the 13Fs. Who else could have that many contracts if not the large funds reporting to the SEC? + +Aside from that we did see a number of smaller long funds sell their GME stake in early 2021 but some others jumped in. Blockrock maintained their position. Vanguard added another 400k shares. u/Rehypothecator pointed out that Fidelity likely still has a vast number of shares but moved them to their [mutual funds meaning they are no longer reported in the 13Fs](https://i.imgur.com/3MaFVXC.jpg). + +The number of short funds appears to have increased with some more players entering with big put positions. Melvin requested special confidential treatment for some of their positions to the SEC which could explain why we don't see anything for them. Jane Street bought more than 2.5 million more shares in puts. Prelude and Sessa have bought in with more than 1 million shares in puts a piece. Citadel and Susquehanna have very similar positions to before. However, the Citadel owned *Imc-chicago llc* has a newly created options position with a massive 2 million shares in puts and nothing else. + +Definitely some interesting details in these new 13Fs but no obvious smoking gun yet. ***What happened to those extra 100 Million shares held in puts??*** + +Shorts didn't cover in Jan. Apes own the float. +It’s interesting to me how spending a decade being broke and really struggling has been one of the biggest blessings in my life. + +At the time it definitely didn’t feel like that. Although these were generally happy times in my life, there’s a lot of stress that can come from being broke. + +I don’t think I’ve ever been below the poverty level, but for about 5-6 years out of college I was earning 300/wk waiting tables and later working at a pizza place. Started my own biz, made slightly more but not by much after that. Lived cheaper than I did in college while the biz was building up. + +Here I am maybe 3-4 years removed from being super broke and doing pretty good. I’ve bought a few properties, got some money in the bank, hopefully some big things on the horizon, and an optimism about my financial life. + +Some things I’ve noticed that have stayed with me from my broke decade: + +-Going out to eat is still a huge treat to me. + +-I became a pretty decent cook because I ate at home basically 34 meals a week. + +-I was driving a 3k car and am in a position to buy new, but I spent a little less than 9k and it felt like a HUGE upgrade. + +-I met my fiancé when I was broke. She loved me then and still loves me now. + +-I learned to budget like a champ because there wasn’t much room for error. + +-I learned I could still save money (pay myself first), and now I’m saving at a high rate because I got in the habit when I was broke. + +-I learned that when I started GIVING a percentage of my pay (started at 1% and have worked up to 10%), I started making more and more. + +-I learned I was wrong to care so much about what people thought of me. I mean, I care now- but I want to be thought of as having high integrity, being reliable, being a good friend, partner, etc. I don’t care if someone is impressed with the things I own or a job title. + +-I learned that spending money on books is a good investment. It’s the learning that’s taken place after school that’s served me best from a financial standpoint. + +-Being forced to be frugal is very helpful if you’re ever going to start a business. You’ll know how to run things lean and mean instinctively. + +-my fixed living expenses have bumped up considerably. Maybe nearly 100%. 900-1000/mo to 1800-2000/mo. So, I feel like I’m living pretty comfortably. Still, IMO that’s living fairly lean and allowing me to save. I guess I’m saying I learned to make intermediate jumps and not max out spending to the top of my budget with more money. + + +-I think the most important part of spending a decade being broke was looking back on it and realizing I could go back to living on that $1,200/mo if needed. Hopefully it won’t happen because I have some goals that require money, but that is a really freeing feeling to know I can survive when things are lean. It gives me the confidence to push and take some risks- which has (so far) led to making more money. + + +If you spent a good amount of time being broke and are now on the upswing, what would you add to my list? What have you learned from looking back on that time? +EDIT: IDDQD + +&#x200B; + +https://preview.redd.it/dkbjxdm30um81.png?width=707&format=png&auto=webp&s=9d64e0c7f1247f255f5ae39e52b6697a9593e64f + +Hi r/Superstonk!!, I have been a long-time lurking ape, who writes shit comments, and now I am here to offer an educational methodology on how to DRS YOUR IRA SHARES. I hope this post saves you months on the IRA DRS journey by setting you up for the financial freedom, as well as adding a wrinkle or two, and providing a means to not be reliant on the Ponzi artists who decide what is best for you and your retirement funds. A special thanks to @ u/HOLDstrongtoPLUTO for the MeMe contribution, post contributions, and a lot of therapy over this process! + +***To be clear although I have verified with my custodian both old and new, and Computershare that this process will DRS my shares while maintaining IRA tax status, I have not received a purple ring so far.*** + +[ \(will post upon receipt\)](https://preview.redd.it/4e677825eum81.png?width=378&format=png&auto=webp&s=dd5520d9b6de47833ea3592ddbeb17f7e61111ff) + +So, let me jump into my method, which is very simple for individual investors to complete… by using a **self-directed IRA (Roth, Traditional, SEP, Simple)**. This is not your typical “retail marketed, self-directed brokerage IRA” through the major broker-dealers. This is through a custodian that allows for real assets to be held, they are not a broker and will not touch my stonks. These types of IRAs empower their account holders to hold 1) investments in real estate, 2) hard assets, 3) private company holdings, and 4) other lucrative, but historically, restricted investments not afforded from Wall Street brokerage houses. As I’m sharing my experience, I’d like to bring your attention to the third type, private company holdings, specifically, a single member LLC. + +&#x200B; + +https://preview.redd.it/5f8u3vg51um81.png?width=523&format=png&auto=webp&s=9b8b9fec8af2c3fe334d523118a1b675273432d2 + +The asset held by my self-directed IRA is just an LLC.. **let that sink in for a second, because it’s a critical component to understand about this process**. This LLC has a bank account, and **contributions to the bank account must be from LLC business/asset sales, or CONTRIBUTIONS/ROLLOVERS VIA the Custodian or my Self-Directed IRA**. SIDENOTE: *In my excitement after forming the LLC, I wanted to start the Computershare account and buy a share with personal funds, but.. I realized that would have been a mistake because it’s important to route the money through the custodian, and LLC bank account.* **Patience is a virtue, don’t cut corners because of MOASS FOMO, it’s been over a year!** + +These types of LLCs are commonly called “Check-book IRA LLCs”. Now, there are very strict laws pertaining to money motion on this type of LLC, if it is solely owned by a retirement account (Bonus banana: these “Check-book IRA LLCs” can have multiple owners for those married/teamed apes). Once the 1) LLC (“Check-book IRA LLC”) is formed under the IRA and 2) a bank account is set up owned by the LLC, the LLC can directly buy shares at the beloved Computershare for the benefit of the LLC and in turn, the Self-Directed IRA! For me personally, I contribute cash through the Custodian, via [**Madison Trust**](https://signup.madisontrust.com/forms/Account_Setup?Reference=Josowitz,%20Michael&ReferralSource=Mark%20Lalich). I am sure there are others as well, but they work for me. + +# Most importantly my shares locked in those broker dealers IRAs can be “directly registered” using a letter of authorization/instruction (LOA) naming the LLC as the new owner! They will treat this as a distribution and report it as so, however this can be remedied by my CPA & Custodian later since the IRS views this as a LIKE to LIKE transfer. It is imperative to inform the custodian of the new IRA of the transfer date and total value of the distribution so they can ensure proper books! + +See, broker dealers will not help, provide info, or assist in removing retirement shares from “street name”, which is why a letter of authorization/instruction was necessary. **They legally must comply and follow these LOA instructions.** + +&#x200B; + +https://preview.redd.it/lp4o10u80um81.png?width=395&format=png&auto=webp&s=447c70c0f521099426e4e8441275dcd91855496a + +I doubt this is the only method; it is not the cheapest either.. I spent about $2000 for set-up and annually it is $95/quarter for the custodian and ongoing LLC expenses of course will come. However, I personally find it to be the best method to take ownership of my shares and remove them from the DTCC and is the most risk-averse option I have found to date, since all other options leave my shares in brokerage control. I do not want to trust anyone but the transfer agent with these shares after the past year… + +I have included a step-by-step with a link to where I got started, feel free to use, or not, feel free to recommend your friends and family, they do have a referral option! **Half of any referrals I receive will be split between my DRS shares(25%) & Charitable Org DRS shares(75%) at CS (Wil absolutely provide proof).** This link will directly connect you with who I worked with on this entire process @[ **Madison Trust**](https://signup.madisontrust.com/forms/Account_Setup?Reference=Josowitz,%20Michael&ReferralSource=Mark%20Lalich). He was very helpful and again helped crack this code after hours of discussions and back and forth. LES GO! + +**The first step is to set up your Self-Directed IRA at Madison Trust, the link below will get you started:** + +[**Madison Trust**](https://signup.madisontrust.com/forms/Account_Setup?Reference=Josowitz,%20Michael&ReferralSource=Mark%20Lalich) **sign up!** + +&#x200B; + +[Should see something like this to get started](https://preview.redd.it/ltsjse9a0um81.png?width=975&format=png&auto=webp&s=f4fda550871af7a4a8611e71edc63cc205aa8dda) + +The process is about a 5–10-minute application, $595, and requires an e-signature. Boom!!.. the self-directed is set up!! The cost consists of 1) the opening minimum $500 account balance and 2) first quarter custodian fee. Next you will need an asset for the self-directed IRA, this asset is an LLC. Legal limitations exist on assets which can be held via the LLC (make sure to check your states laws, and this is where companies like Madison Trust have expertise in guiding to the correct legally-complaint solutions), however they are generally assets/collectibles with opaque valuations to minimize fraud. So, the LLC buying a picture your kid painted for $ 1MM would not work, other collectibles as well do not meet the requirements, however real estate, private companies, securities all make the cut. + +**Madison Trust, the custodian,** will recommend their partner, **Broad Financial, for the LLC set-up, this costs $1500.** (It is important to note, you may be able to use other companies to set up the LLC, I just have not tried anyone else personally). You name the LLC (and I’m sure there will be some good ones apes come up with lol e.g. Hed’R’Fuk’d LLC) and they take it from there. I found it important to pay to have the LLC set up because this is not a normal LLC, and very specific articles and operating agreements need to be written. My turnaround from Madison Trust account open to LLC documents complete and ready to go was less than a week but if the masses flood as I expect it to, this processing time may slow that down a bit. These “custodians” are not Fidelity, Chuck, etc., they are smaller companies so be patient as they are facilitating the way. They let me know they were ready for the flood, and “challenge accepted”. + +[Make it Happen!](https://preview.redd.it/qkukcss53um81.png?width=595&format=png&auto=webp&s=1a5dd7e2fdaa93b0bd1fbe31c4080dae7650a228) + +Broad financial partners with Solera National Bank, was a very easy process, also a friendly admin team to set up the bank account for the LLC. This is very quick 1-day turnaround, however, **DO NOT JUST DEPOSIT MONEY INTO THIS BANK ACCOUNT!!!! It is very important to utilize the custodian (Madison Trust) you choose to make money movements**. Once you find your bank you can buy shares directly.. While this is not the fastest Venmo of your life or the simplest process it keeps everything legal and in order, very important and worth the wait time. This process is synonymous with that of systems like Computershare’s and can often be archaic, **but we all have learned that expeditious pace has a VERY REAL cost.** + +The next step is quite simple but it’s critical to pay attention to details of completing the Letter of Authorization/Instruction you send to the current custodian raking in profits by fucking you out of your shares. While every custodian may be different on what they want, the general flow is 1) What you want, 2) from where, 3) how much, 4) to who, 5) **SPECIFIC INSTRUCTIONS HOW TO DRS YOUR SHARES WITH YOUR SPECIFIC BROKERAGE** (Each brokerage has slightly differing protocols). + +The letter of authorization will force the broker-dealer to take the shares out of ‘street name’ and directly register them at Computershare in the name of your LLC. You must provide the details per their instructions. All broker-dealers have 1) Asset Transfer Services and 2) Retirement Services departments who are the best sources of information to help understand and process your Direct Registration LOA Instructions, because they are the two departments processing this Letter of Instruction. **I MADE THE MISTAKE OF TRYING TO OPEN AN ORGANIZATION ACCOUNT AT THE BROKER-DEALER, AND AFTER TWO WEEKS THEY INFORMED ME THAT THEY AND MOST OTHER BROKER DEALERS DON’T DO THIS FOR LLC’s owned by IRAs. THIS WAS THE MOMENT OF CLARITY FOR ME THAT THE LOA WAS THE SILVER BULLET TO DRS IRA SHARES.** At the same time, you will need to submit an asset transfer form to Madison Trust or your self-directed IRA custodian to maintain compliance with record keeping. This asset transfer form simply notifies the custodian of the transfer date, asset type, total value, and the source of the additional LLC value when reporting it. Here is an example: [LOA Example](https://www.veritasacademy.net/editoruploads/files/Give/Stock%20Transfer%20Template.pdf). My Broker took a couple of days to bounce it around, but persistence in the end is key, and eventually was told the reluctant okay. + +One interesting piece of this entire experience was towards the end of this journey, when my custodian, one of the big three oddly, asked me to move my assets, claiming my investment style was not **“in line with their business model”** and I would be better served elsewhere… Very timely… + +Congratulations, you made it!!.. I appreciate your time reading through this process! [**Madison Trust**](https://signup.madisontrust.com/forms/Account_Setup?Reference=Josowitz,%20Michael&ReferralSource=Mark%20Lalich), I encourage you to pay it forward, and apes/apettes, tell your friends if you want! It was a hell of a lesson in the financial sector, quite the journey, and I am now on the way to an XXXX DRS for my Roth account without paying any penalties or losing tax status. + +**Q:** + +[???](https://preview.redd.it/pthidi6x4um81.png?width=266&format=png&auto=webp&s=4cd240766adec14c2278ab8b089a1bb1ef18d397) + +&#x200B; + +[A: Tax Deferred and\/or Tax Free Tendies of COURSE!!!](https://preview.redd.it/qxov0sxh4um81.png?width=648&format=png&auto=webp&s=a619efa988369688d13105530b2a5268594028ea) + +&#x200B; + +**TL;DR - ELI5 – HOW TO DIRECT REGISTER DRS IRA SHARES (THIS COSTS ABOUT \~$2200 to setup, varies by state)** + +**1) Open a self-directed IRA capable of holding an LLC,** [**Madison Trust**](https://signup.madisontrust.com/forms/Account_Setup?Reference=Josowitz,%20Michael&ReferralSource=Mark%20Lalich) **for reference they charge $595.** + +**2) Open the LLC for the IRA w/link provided by your custodian, I used BROAD FINANCIAL as mine and it cost $1500.** + +**3) About a week later the LLC should be established, and ready for you to receive/sign official onboarding package with the rules of the road, and all necessary information for DRS.** + +**4) DRS your shares into Computershare using a Letter of Authorization (LOA) sent to your current broker-dealer naming the LLC as the new owner. The** r/Superstonk **DRS guide will fill any holes you have about the Computershare site.** + +**5) Inform adviser/rep at the custodian throughout the process.** \[I personally used an Asset Transfer Form to my custodian with date stock was transferred/purchased, total amount, asset type.\] + +&#x200B; + +[THIS IS THE WAY!](https://preview.redd.it/fop36snc0um81.png?width=975&format=png&auto=webp&s=bb31d14280f93a788c80234662144720fe2d2575) + +**Again, the BD will see it as a distribution, but this is a like-to-like transfer to your new custodian, and your CPA will process it as so. Ensure your CPA is educated with this for obvious reasons.** + +*PS: This is not financial advice, it is simply an account of my experience DRSing my retirement shares.* + +**Hope you enjoyed & I always prefer to use the:** + +B- uy & directly register @ Computershare + +**F- uck the Haterz, & les go** + +**G- ame$tonk…** +Recent interview of Cathie Wood on CNBC (search YouTube for "I love this setup, rotation is good news" to find video) got my head scratching around the math she just did in her statements. Back in February she said she expects 15% YoY compounded returns in next 5 years when ARK funds (say ARKK) was around 140 (down from 160 high) which now slid to 110 this week in May. + +She said in that CNBC interview "Nothing has changed but the price" and now expects 25-30% YoY compounded returns in next 5 years. + +So by simple math + +140*(1.15^5) = 281 back then + +Now she's promising : between + +110*(1.25^5) = 335 + +and 110*(1.3^5) = 408 + +That's almost 20-50% higher but if nothing has changed then how does the number grow so much more in end result ? I don't follow the math or logic here. + +Also, let's say give here benefit of doubt and say back in February she meant ARK price numbers that were in Jan 21 for YoY growth of 15% but then price was even lower between 120-140. So I don't know if she's bluffing (I'm gonna guess saving her skin and fund outflows) and taking us for a ride or is she really onto something that we don't know ? + +If nothing has changed but the price then how does your model give these numbers ? Am I to assume these companies are growing faster than ever that their prices will skyrocket even faster ? Is there any proof ? +Commons committee today recommended that fees for residential care are limited to £46,000, rather than allowing a person’s net worth to be depleted to £23,500. This is the same figure recommended in the 2011 Dilnot Commission report. + +What do you think of this? + +I would welcome the reform, I find it shocking that two people receive the same care yet one pays nothing and the other sees their entire life’s work eroded. Personally I think it will benefit those who would never have taken steps to protect assets anyway, but many other people will still be inclined to take measures to avoid paying the £46,000. + +Presumably this change would require the government to foot the bill and increase it’s social care budget, and this will be partly offset by increased IHT returns? + +Source: (paywall) + +[https://www.google.co.uk/amp/s/www.telegraph.co.uk/news/2020/10/22/care-home-costs-should-capped-46000-says-commons-committee/amp/](https://www.google.co.uk/amp/s/www.telegraph.co.uk/news/2020/10/22/care-home-costs-should-capped-46000-says-commons-committee/amp/) +I'm planning on investing on real estate someday, which countries do you think are the best ones to invest into if I wanted to maximize my profit from renting it out? +McDonalds, as famously shown in the movie 'Founder'; has its business model where MOST of the income is from renting real estate to tenants and not franchisee royalty? + +But, most malls and commercial properties dont sell their commercial spaces. They RENT/LEASE it. Do they tenants just end up paying inflated rent as McD is certainly not the owner in most places. Is the business model relevant in most cases, today. +I'm progressively getting more and more into real estate. + +My friend is currently going through a dumb lawsuit that's costing him a lot of money. + +My Mom works for a big attorney and she has a client being sued because his drug addict section 8 tenant died by burning down his house and they're suing him for wrongful death (or something of the sorts) + +I went through a lawsuit when I was 19 for a car crash and I definitely don't want to go through one again. + +Who here has been sued by tenants, for what, and how much did it cost you? +Not sure if anyone can give me some insight or not. I bought my house about 6 years ago for pretty much nothing (75k). My city neighborhood has exploded with growth and houses near me are going for (rent $2k/month) from houses 200-500k. I owe about 60k and know I can rent my own place for about 1,600-2k based on comps. I haven’t had a appraised but have put a decent amount of work into it (new roof, flooring, bathroom remodel etc). I really want to move away from the city and buy another home to live in. I also just obtained a higher level degree and will be making more money soon, but currently have a retirement savings through work (10%) and 60,000 in savings I could use towards another home. I really don’t have much debt but a student loan I’m working on that doesn’t cost me much and my cost or living isn’t high at all ( I’m pretty stingy and a saver). The catch is my house is old and I worry about future repairs or even a bad tenant experience. Any advice would be great I’m really at a loss of where to go from here. Also the housing market in my area is intense (houses sell in hours). Thanks so much in advance! +I’m looking to house hack starting in the next several months (timeline is out of my control). Basically, it’s pretty much impossible to get expenses covered by house hacking right now without a significant down payment to reduce the mortgage. I can put down a significant down payment. I think the biggest argument against it would be cash on cash return, but I don’t necessarily mind. Just looking to hear arguments against putting more than 20% down. Thoughts? +I’ve been living in Korea for the past \~2 years (and am Korean-American) and over the past few months have been using Coupang to order products and food. I was mainly using it as part of my due diligence for the upcoming IPO but now I’m a loyal customer. Here’s my DD on what’s known as the “Amazon of Korea” (which I think is a well-justified title). + +All information + data is from the [company’s latest S-1 filing](https://www.bamsec.com/filing/162828021004212?cik=1834584) \+ from my own experiences. Company is set to IPO this week (latest [report](https://investorplace.com/2021/03/coupang-ipo-when-will-coupang-go-public-what-is-the-cpng-price-range/) I saw was Thursday, 3/11/21) + +**A Brief History of Coupang** + +* Coupang was founded in 2010 by Bom Kim, a Harvard business school dropout +* The company started off as a daily-deal Groupon type business but pivoted into an EBay-style third party marketplace that reached over $1 billion in sales within 3 years +* Coupang almost went public with that business model but decided to pull out of the IPO because Bom felt like Coupang was one that customers *liked* but not one they *loved* (pretty ballsy move imo) +* As a result, Coupang completely reinvented itself into an end-to-end eCommerce company and with the help of a $2 billion investment from Softbank in 2018, the company has now become a dominant force in Korea + +**What Does Coupang Do?** + +* Let me first set the stage by providing the 3 key values that drive everything that Coupang does: **service, selection, and price.** These values pervade all of Coupang’s business divisions, and I’ll be discussing the company within the framework of these 3 values. +* **First off is in my opinion the most impressive, and that is the company’s service** + * What separates Coupang from its competitors in Korea is that the company has invested billions of dollars in **both technology and infrastructure** **to own the entire customer experience** from desktop to delivery + * This is in contrast to some of the company’s competitors like GMarket and Naver which mainly offers a platform for merchants to sell items + * Competitors are quickly adapting to Coupang’s business model but as of now, Coupang’s model combined with its scale is unique in Korea + * The company owns the **largest logistics footprint in the country with 70% of the population living with 7 miles** of a Coupang logistics center + * This allows the company to offer the **fastest delivery service in the country through Rocket Delivery** which offers the following services: + * First, millions of items are available for either **same day delivery** if ordered in the morning or **Dawn delivery,** which delivers products to you by 7AM if you order by midnight + * Second, **nearly 100% of orders are delivered either by the next day or faster** 365 days a year even before holidays like Christmas + * Third, the company has been able to **eliminate cardboard boxes in over 75% of its orders** which saves the company both costs and in storage space + * Fourth are **frictionless returns.** Instead of having to drop off your items, you simply leave them outside your door and initiate a return on the app which is super convenient +* **The second value to discuss for Coupang is selection, which I’ve also found to be very impressive** + * Put simply, Coupang offers **more items than any other Ecommerce player in Korea** both for products and for groceries + * I’ve personally ordered a range of items from Coupang like pens, strawberries, and tape but you can also buy things like TVs, clothes, and Apple products +* **The third last but not least important value is price** + * First of all, Coupang offers all of the great services like Rocket Delivery and same day shipping through its **Wow Membership (akin to Amazon Prime) for an insanely low rate of 2900 won a month which roughly equates to $2.50** + * Second, the company is **constantly offering deals for products** even for things like cell phones and Apple products + * Coupang’s **goal is to offer the lowest possible prices** to customers and the scary thing is that as the company scales, its competitive advantage on this front will grow more and more +* **Other business divisions** + * Coupang Eats is basically like UberEats and Doordash and it’s a separate app where you can order food + * I get ads for Coupang all the time and from speaking with my Korean friends, it sounds like this is one area where Coupang has a lot of mindshare amongst customers but faces a lot of stiff competition compared to its dominance in eCommerce + * As an investor, it’ll be important to see if this part of the business has a path to profitability and is gaining market share or is just bleeding money since margins are likely very slim + * Merchant Services, which is similar to fulfillment by Amazon. Merchants can send their items to Coupang fulfillment centers so that they don’t need to handle inventory themselves + * Merchants can also pay to advertise on Coupang which is another revenue driver for the company + * Coupang Play is a streaming service + * Coupang Travel which is like a Kayak or Expedia and offers travel deals + * There’s even more the company is working on, but basically what you need to know is that Coupang has a lot of potential growth beyond just eCommerce + +**The Korean Market** + +* I wanted to provide some context about Korea itself from having lived here the past 2 years that is relevant to Coupang + * **First off, Korea is incredibly tech savvy** + * There’s free wifi everywhere even on buses and basically everyone in the country has a smartphone including my grandma + * As a small example, Koreans were using their smartphones to pay many, many years before Apple Pay even existed + * This is obviously important for Coupang because all orders come from online + * **Second, as a baseline, Koreans work incredibly hard** + * Korea was a 3rd world country after the Korean War in the 1950s and since then has become the 4th largest economy in Asia and 12th in the world + * A lot of Korean students literally study from 8am to midnight from elementary school to high school and a lot of my friends who work in corporate work super long hours even without great pay + * I bring this up to say that Coupang is constantly employing a workforce that from a general perspective has an incredibly high work ethic + * **The third is that because Korea’s land is so small, cities are incredibly dense** + * This is what allows for Coupang to operate so efficiently and probably much moreso than is possible in bigger countries like China and the US +* **Addressable Market** + * As of 2019, Korea’s eCommerce market was **$128 billion** and that’s expected to grow to **$206 billion by 2024,** which represents a 10% annual growth rate + * In addition to that, eCommerce spend on a per buyer basis is expected to grow from **$2600** in 2019 to **$4300** in 2024 + * These numbers are great, but what’s really astonishing is that even with Coupang’s massive scale, it currently **only owns about a 4% market share,** which means the company has a lot of room to grow + +**The Bull Case** + +* **First, let’s talk about the company’s scale** + * In the entire country, Coupang is the largest e-commerce player, has the fastest delivery service, owns the largest logistics footprint with over 100 centers across 30 cities, provides the largest selection of products, and largest fleet of drivers with over 15,000 employed + * Coupang was able to grow to its scale today after raising **$3.4 billion, 3 of which came from Softbank,** which has the largest fund in the world and it’s going to be hard for another competitor to come in with that kind of funding (though it is possible) +* **Second is Coupang’s tech because at the end of the day, Coupang is actually a technology and logistics company** + * All that money from Softbank didn’t go only into capital expenditures but also a really sophisticated tech infrastructure that predicts and assigns the fastest and most efficient path for every order + * Each order shifts through 100s of millions of options for inventory, processing, and delivery options all within seconds +* **Third is an extremely loyal and growing customer base** + * Some tech companies provide something called cohort math which is where you see how the same group of people have increased or decreased their spending of a company’s products over time + * If you take a look at this [table](https://content.bamsec.com/0001628280-21-004212/cohort11a.jpg), 2016 customers took 5 years to triple their spending, while it took 2017 customers 4 years, and 2018 customers only 3 years + * From using Coupang myself, I can totally see why this is the case. I went from ordering from multiple sites to pretty much only using Coupang now because it’s so convenient +* **Fourth is the company’s management team** + * Bom Kim (CEO) - The company is founder-led, which I think is usually a good thing because they know the ins and outs of the business + * Thuan Pham (CTO) - Former CTO of Uber (really great hire since Coupang is a logistics company) + * Gaurav Anand (CFO) - Lots of finance experience from Flipkart and Amazon + +**The Bear Case** + +* **First off, the company is unprofitable and may continue to invest in new businesses that could cause severe losses just as when Uber tried to enter China** + * The company points out as a risk factor in its S-1 that it may expand into other countries and I would pay really close attention to this since this could take away the company’s focus and cause losses +* **Second is the lack of shareholder voting rights** + * Coupang’s CEO Bom Kim owns about **77% of the company’s voting rights** and also acts as Chairman of the board, so this guy has a ton of influence over the company + * If Bom Kim starts underperforming for whatever reason or there’s some kind of scandal (abnormally frequent in Korea where there’s a lot of bribery and fraud), this could be something to watch out for +* **Third is Coupang’s valuation** + * As with most IPOs, there will likely be a frenzy and the company’s valuation could get stretched very quickly, so this is just something to watch out for + * At the top end of its range of $34 per share, the company’s valuation will be at about $58BN + + * With LTM sales of \~$12BN, the company’s EV / LTM Sales multiple will by 4.8x (which actually would be a good price in my opinion) + * BUT, there will likely be a pop and I wouldn’t be surprised if shares reach $100, giving the company a \~$100BN valuation and that’s where valuation will be a bit stretched (though long term, still may be okay) + * Will be posting more about Coupang’s valuation after its IPO +* **Fourth, is competition which is a potential issue even for Coupang** + * In November 2020, Amazon invested a 30% stake in competitor 11Street, which is majority owned by SK Telecom which is one of the largest companies in Korea + * The industry Coupang competes in is very lucrative market so there will always be some stiff competition with deep pockets + * I do plan to make another post in the future about Coupang after interviewing my Korean friends some more and will include a competitive landscape analysis when I do + +**Financial Overview** + +* **Revenue** + * From 2019 to 2020, Coupang’s revenue grew from $6.3BN to $12BN, **nearly a 100% increase** (COVID did have a factor in this so can’t expect a similar growth rate moving forward) + * Coupang has been able to grow its quarterly revenue from $0.8 billion in Quarter 1 of 2018 to $3.8 billion in Q4 2020 + * This was driven by a 27% annual increase in number of customers from **9.2 million to 14.8 million** from 2018 to 2020 + * There was also a 42% annual increase in spend per active customer from $127 to $256 from 2018 to 2020 +* **Margins** + * As the company has scaled, it has been able to improve its **gross margins from 4.7% to 16.6%** from 2018 to 2020 + * Coupang also increased its **EBITDA margin from negative 24% to negative 2%** from 2018 to 2020 + * Due to the increase in the company’s scale, the company is spending less on operating expenses as a percentage of revenue and what’s most fascinating to me is that Coupang **only spent 1% of its revenue on marketing in 2020** +* **Cash Flow Statement** + * Company actually posted positive operating cash flow of $300 million (not much) but still, means the company’s core business is not losing money + * With negative $484 million in capital expenditures, the company has negative free cash flow of \~$180 million but that’s essentially breakeven for a $11 billion revenue business +* **Balance Sheet** + * Won’t go into this much because balance sheet will look very different after IPO + * But, the company has $1.2BN in cash and around $1.1BN in debt. Company is raising around $4BN in cash from the IPO so balance sheet is healthy + +**TLDR:** Coupang is the Amazon of Korea. Growing like crazy and at the right valuation, a great way to get exposure to the South Korean eCommerce market which has a lot of tailwinds. Personally from using the service myself over the past few months, I don't see the need to use basically any other eCommerce platform for products or groceries. IPO reported to be this week on Thursday so good one to watch for. +https://www.cnbc.com/2022/01/04/ford-plans-to-nearly-double-production-of-its-new-all-electric-f-150-lightning-pickup.html + +Ford on Tuesday said it plans to nearly double annual production capacity of its upcoming electric F-150 pickup to 150,000 vehicles per year at a plant in Michigan. + +The company cited strong consumer demand for the pickup as the main reason for the plans to increase production. + +Ford’s production plans come ahead of the automaker beginning to take actual orders for the vehicle on Thursday. + +Ford is slowly catching up on the EV production and becoming a major EV producer. The PE is currently only 32 and it is much more reasonable compared to other EV producer. Investors should keep holding F as ford should have another amazing 2022. +Those of you who are going to put on an extra jumper etc this winter, how you do balance that with ensuring there is sufficient heat to ensure the house is maintained appropriately. I am going to try as best I can to just wear more clothes etc and heat the house as minimally as possible, but I have heard some people say this could damage the house cause mould, ruin pipes etc. Is there a minimum temp the house should be at or should you turn heating on when the outside temperature falls below a certain point? + +&#x200B; + +TLDR - Want to save as much money as possible on heating this winter, also don't want to destroy my house. Tips on avoiding please +A few weeks ago I wrote [a post about some things it took me a while to figure out when I started investing](https://www.reddit.com/r/UKPersonalFinance/comments/c2hl0t/a_few_years_ago_i_made_my_first_investments_and/). This was well received, and there were some interesting follow up questions, especially around what to invest in. A commonly recommended strategy on this sub-reddit is to invest in index funds, but that was another thing that it took me a while to figure out, and my first post didn't really get that far, so I present the spiritual successor: **Things I Wish I'd Known Earlier About Index Funds** + +This write-up is intended to broadly answer the question: + +**How do I invest in a way that my returns will track the overall UK, US, or global stock market?** + +*N.B. I've also cross-posted this to a* [*https://reboapp.co.uk/content/index-funds/*](https://reboapp.co.uk/content/index-funds/)*, which is a knowledge base I'm building for UK investors. Let me know if there are any particular topics you'd like me to write about in future.* + +## What is an index? + +An *index* is a calculated value that summarises the performance of some category of assets into a single number which can be tracked over time. For indexes which track stock markets, this is typically the total valuation of the companies in some section of the stock market. For example, the FTSE 100 is an index which tracks the value of the largest 100 companies listed on the London Stock Exchange. + +Market indexes are normally calculated using *capitalisation weighting*, where the companies included in the index are selected based on their market valuation, and the larger the market valuation of a company, the more weight it is given in the index. + +## What is a capitalisation-weighted index? + +In a capitalisation-weighted index, the index is calculated by summing the total market value of all of the companies. This means that if one company is worth £20 billion, and another is worth £10 billion, the former company will contribute twice as much to the index. A 10% increase in the price of the former company would increase the index by twice as much as a 10% rise in the latter company. + +An index is also usually *normalised*, so that it starts at a nice value like 1,000 on the first day it is measured. This normalisation happens by recording the sum of the market values of the companies on the first day, and then dividing later measures by this amount. + +## What is an index fund? + +An index fund (also commonly referred to as a 'tracker') is a wrapper which will hold shares in the various assets in an index, weighted by the same weighting as in the index, so that the value of the index fund should track the underlying index closely over time. If the index goes up by 3%, then so should the index fund. + +For example, an index fund which tracks the FTSE 100 has £1 billion invested in it in total, then that £1 billion will be used by the fund manager to buy £1 billion worth of shares in the FTSE 100 companies, weighted by their market value, so that the fund would hold twice as much of a £20 billion company than a £10 billion company. As the valuations rise and fall, and as companies come in and out of the FTSE 100, the index fund will buy and sell shares to keep their allocation as close to the FTSE 100 weighting as possible. + +## Why use capitalisation weighting for an index? + +By using a capitalisation-weighted index, the index is measuring how the market is choosing to allocate capital. If the market value of one company in the index is £20 billion (the total value of all of the company's shares adds up to £20 billion), and another company has a market value of £10 billion, then the shareholders are valuing the first company at twice as much as the second. If they weren't, then some people would sell shares in the company that they thought was overvalued, and buy shares in the other company that they thought was undervalued, until the prices shifted to match what people think. Of course some people might think this, while others think the opposite, so the market value only represents the average sentiment of the shareholders. There is no correct objective valuation, only the valuation that comes from the average of all the shareholder decisions. This is why we talk about *market value* rather than just *value*. By using a capitalisation-weighted index, the index tracks this market valuation. + +Now we could define loads of different indexes based on completely different criteria. For example, rather than worrying about market capitalisation, we could form an index based upon the value of all companies whose names begin with an 'L'. It's unlikely that this would tell us anything particularly interesting about the market though! + +## Why the market average is the best you can do + +When you invest in an index fund tracking a capitalisation-weighted index, you are delegating your investment decisions to the market. You will be investing in companies in the index in proportion to how much capital everyone else has invested in these companies. This may seem like blindly following the herd, and you might think that you can do better than this, but you almost certainly can't. + +The reason you can't beat the market is that it's a *zero-sum game* \- if you're going to do better than the average, someone else has to do worse than the average. So if you are going to do better than the market average over the long term, you need to make better decisions than at least 50% of the other people making active investment decisions. When the market contains institutional investors, hedge funds, people with PhDs, very fast computers, and significant amounts of money, it's unlikely that you're going to be in the upper half. + +Instead of trying to beat the market average yourself, you might be tempted to invest in an actively managed fund, where the investors try to make strategic picks to beat the market. The managers of such funds certainly have more resources available to them than you, and some even have excellent histories of market beating returns. However, there's no way for you to tell if an actively managed fund is actually better than the market average, or if they've just been lucky in the past. + +To illustrate this, consider the following thought experiment: If I pick 500 people and ask them to flip a coin 10 times in a row, I'd expect one or two of them to get 10 heads in row. If we pick one of those people, and look at their coin flipping record, then this person appears to be very talented at flipping a coin and getting heads. However, if I asked them to flip the coin again, they would have a 50/50 chance, just like everyone else. So in a world where there are many actively managed funds, some will have done better than the market average in the past. But how can we tell whether they were just lucky, or, on the contrary, if they will continue to beat the market? The unfortunate answer is you likely can't. + +## Structure of Index Funds + +So far, we've covered the basics of the index fund concept, but in order to actually get your money invested, you'll need to know a little bit about what real index funds look like in practice. If you haven't already, this might be a good time to review my [original post on getting started with investing](https://www.reddit.com/r/UKPersonalFinance/comments/c2hl0t/a_few_years_ago_i_made_my_first_investments_and/). + +In the UK there are two common types index funds: + +* **Open Ended Investment Companies (OEICs).** An OEIC is essentially a limited company which you can buy shares in. The company then uses the money from the sale of its shares to purchase the underlying assets in the index it is trying to match. OEICs are often referred to simply as 'funds'. +* **Exchange Traded Funds (ETFs)**. An ETF is like an OEIC, but it is publicly traded on an exchange. This means you are buying and selling shares in the ETFs from other investors, rather than the fund itself. New shares are created and dissolved as needed to match demand. + +The legal structure of these funds doesn't matter too much to you as a personal investor, but there are some differences between OEICs and ETFs that you should be familiar with: + +* **Liquidity**. ETFs trade on a public exchange, so the price changes frequently, all day. You can buy and sell shares in an ETF quickly, at any point during the day. OEICs on the other hand are priced once per day, and after placing a buy or sell order, it will typically not execute until noon the next working day. +* **Cost**. Brokers typically charge different amounts for trading shares on a public exchange, compared to buying units of an OEIC. It will vary from broker to broker, but brokers often charge significantly less for trading shares in an OEIC, compared to an ETF. On the other hand, there's often an extra ongoing 'custody fee' or 'platform charge' percentage levied upon OEIC holdings by the broker. How much this matters will depend on your broker, the size of your portfolio, and how frequently you plan on trading. +* **Ongoing charges**. Both OEICs and ETFs will have ongoing management charges, which will be an annual percentage of your holdings. These are deducted automatically from your returns. There's no clear distinction between OEICs and ETFs here, but make sure you're aware of the ongoing charge in whichever fund you choose. For straightforward index funds tracking an index like the FTSE 100, expect an ongoing charge of less than 0.1% a year. + +For more information on the differences between OEICs and ETFs, check out [this write up from Monevator](https://monevator.com/etfs-vs-index-funds-differences/), as well as the wiki here in /r/ukpersonalfinance: + +* [https://www.reddit.com/r/UKPersonalFinance/wiki/fundsfaq1](https://www.reddit.com/r/UKPersonalFinance/wiki/fundsfaq1) +* [https://www.reddit.com/r/UKPersonalFinance/wiki/fundsfaq2](https://www.reddit.com/r/UKPersonalFinance/wiki/fundsfaq2) +* [https://www.reddit.com/r/UKPersonalFinance/wiki/globaltracker](https://www.reddit.com/r/UKPersonalFinance/wiki/globaltracker) + +## Company size, geography and other factors + +Hopefully the previous sections have demystified the workings of indexes and index funds to some degree. However, you may still have questions about *which* index funds to invest in. That's worth a whole separate write up, but here is a brief overview of the landscape of some of the different types of index funds that are available: + +## Large cap, mid cap and small cap + +**Large cap** companies are those with the largest capitalisations, and in the UK typically refers to the FTSE 100 companies. That is, the largest 100 companies in the UK. The smallest company in the FTSE 100 has a market capitalisation of around £4 billion. Some example index funds tracking large cap companies are: + +* [Vanguard FTSE 100 Index Unit Trust](https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-100-index-unit-trust-gbp-accumlation-shares/overview) +* [iShares FTSE 100 UCITS ETF](https://www.ishares.com/uk/individual/en/products/251795/ishares-ftse-100-ucits-etf-inc-fund) + +**Mid cap** companies are those with smaller capitalisations, typically referring to the FTSE 250 companies, which are the 101st-350th companies in the UK by market capitalisation. The market capitalisation of these ranges between around £4 billion to £500 million. Some example index funds: + +* [Vanguard FTSE 250 ETF](https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-250-ucits-etf-gbp-distributing/overview) +* [Legal & General UK Mid Cap Index Fund](https://www.legalandgeneral.com/investments/funds/full-fund-range/equities-index-tracking/legal---general-uk-mid-cap-index-fund.html) + +**Small cap** companies are those with smaller market capitalisations still, but it's a less well defined list than large or mid cap companies. An example index fund: + +* [Schroder Institutional UK Smaller Companies ](http://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F0GBR050G4) + +## Geography + +Index funds also provide a convenient way to invest in foreign markets, outside the UK. The funds are located in the UK, and priced in GBP, so they are very accessible to a UK investor, but can hold investments in European, US, or global markets. + +The S&P 500 index is similar to the FTSE 100 index in the UK, but tracking the top 500 companies in the US. The [Vanguard S&P 500 ETF](https://www.vanguardinvestor.co.uk/investments/vanguard-s-and-p-500-ucits-etf-usd-distributing) is an index fund tracking the S&P 500. + +Likewise, the EURO STOXX 50 index tracks the largest 50 companies in Europe, and can be invested in through index funds such as the [iShares EURO STOXX 50 UCITS ETF](https://www.ishares.com/uk/individual/en/products/251781/ishares-euro-stoxx-50-ucits-etf-inc-fund). + +There also exist indexes which aim to track the global market, such as the [MSCI World](https://en.wikipedia.org/wiki/MSCI_World) index. + +## Other assets + +As well as indexes which track company valuations, there are indexes which track bond valuations. For example the [Vanguard UK Government Bond Index Fund](https://www.vanguardinvestor.co.uk/investments/vanguard-uk-government-bond-index-fund-income-shares) aims to track the Bloomberg Barclays U.K. Government Float Adjusted Bond Index. + +Index funds can also track other asset classes, like [gold](https://en.wikipedia.org/wiki/SPDR_Gold_Shares), [property](https://www.ishares.com/uk/individual/en/products/251802/ishares-uk-property-ucits-etf), and even alternative assets like Bitcoin. + +## Funds of funds + +A single index typically represents a narrow cross section of the world, likely tracking only companies of a certain size, in a certain region, or a certain asset class. You may need to hold investments tracking multiple indexes in order to have a diversified portfolio across different assets types, company sizes and geographies. Rather than doing this manually, it is also possible to invest directly in a fund of funds. In this case, the fund holds a number of different underlying funds, tracking different indexes. This allows a single fund to have appropriate diversification. + +Some examples of these funds of funds, particularly those aimed at passive investors are: + +* [The Vanguard Lifestrategy Funds](https://www.vanguardinvestor.co.uk/investing-explained/what-are-lifestrategy-funds) +* [The Vanguard Target Retirement Date Funds](https://www.vanguardinvestor.co.uk/investing-explained/what-are-target-retirement-funds) +* [iShares Core Growth ETF](https://www.ishares.com/us/products/239756/ishares-growth-allocation-etf) + +Hopefully this article has helped to explain what an index fund is, and why you might be interested in investing in index funds. The above examples are certainly not a full list of the available indexes and index funds, and you should definitely do further research into which funds are most appropriate for your investment goals. + +Good luck with your investment journey! + HDFC Asset Management Co. Ltd, which has a series of Fixed Maturity Plans (FMPs) exposed to Essel Group, on 15 April issued a note on how it will handle them at maturity. + +HDFC AMC, India’s largest asset manager, said it will choose one of two options. In the first option, it will distribute proceeds of the FMP on due date of maturity after excluding the value of debt exposures to the Essel Group. + +The residual amount of the maturity proceeds would be paid on receipt of dues from Essel. The same approach was followed by Kotak Asset Management Co. with its Essel-exposed FMPs. + +In the second option, HDFC AMC will rollover the scheme (extend the maturity date) thereby extending the time for possible repayment. Investors must give their consent in writing to such a rollover. Investors who don’t consent to the rollover will get their money back at the prevailing NAV. + +If the Essel papers have been marked at a lower valuation by the AMC to account for the repayment uncertainty, this will be incorporated in the NAV. Also, investors who fail to consent to the rollover and exit at this stage will not benefit from future recoveries in the troubled paper. + +[*Livemint*](https://www.livemint.com/mutual-fund/mf-news/hdfc-amc-moves-to-deal-with-fmps-exposed-to-essel-group-1555463451066.html) story. +I opened my trading account after ages and saw that I have a few of Jet Airways stocks in my holdings. +I bought them at 438 and now they're at 238 per stock. + +Should I keep them or sell these stocks? + +In case Jet goes down, will those stocks be worthless? +Sensex doesn't make sense. Banking stocks are soaring. + +But what happens when the defaults start to occur? + +There's no doubt a significant portion of borrowers are already bankrupt due to COVID-19 + +Demand has been increasing, but is it sufficient to off-set the losses caused by the pandemic? + +The bubble is about to burst perhaps? Or am I missing something? +Hey friends, + +After failing in college education multiple times (kindly don't judge me), I am looking forward to running/owning a business. +The problem is that my father, my sibling, my maternal and paternal uncles all have service background, so I basically have no relative to guide me on how to do it. + +I would have assistance of my retired father in terms of capital, and my mother and sibling would also assist me to some degree in terms of human resources. + +So what should I do to develop a mindset which is conducive for business? What books should I read? What videos should I watch? What blogs should I read? + +How do I analyze a location(plot) for a business? + +How do I analyze an area to know what kind of audience I am dealing with? + +How do I know whether it is better to buy a property or to rent it? +etc + + +I basically have almost zero knowledge right now and I want to have at least some theoretical knowledge before getting my feet wet. + +Sorry for so many vague questions, but basically I have no idea about where to start. +Is this why the government is pushing private healthcare? Is private healthcare worth it? I pay $30 a month for private dental healthcare and psychology, no hospital cover. +First post here and not sure if it's the right subreddit. If not, a redirect would be greatly appreciated! + +We needed to get 2 full bathrooms and a powderroom totally remodeled: floors, walls, ceilings, lights, vanities, countertops, tubs, etc. I met with representatives of three different companies, got three very different estimates. In all cases, the companies reported that their workers were licensed and bonded. All three were listed with the Better Business Bureau, and the one I ultimately selected was local and on Angie's List, as well. + +Demo of the master bath was done first: taking everything down to the studs. Two workmen, a younger one and an older one, were involved in demo and hauling the scrap away. Then older workman did the rest. Cement wall/drywall was done, and then the tiling; tub, toilet, vanity, lights and ceiling fan were installed. There are just a few minor things left to be done. Took about 10 days for that work. + +Demo on second bath and powderroom were done by the same two (older and younger) workers, all in one day. During the whole process, I have been in the house, working, but not upstairs where the master bath is located. The workers had free access to all upstairs bedrooms, though doors were closed on the two other than the master. + +I determined the evening of the second round of demo that a bunch of my jewelry was missing: + +* engagement ring and matching wedding band +* man's wedding band +* gold chain +* gold pendant with diamonds +* gold pendant with jade and diamonds +* gold filigree pendant + +Police were notified and confiscated the jewelry box. On a search of the bedrooms, it was determined that entry had been made into one of the closed bedrooms, and a container of foreign currency had been rifled through but nothing was taken (it was only small bills). It was also determined that a drawer in the master bedroom that contained additional jewelry had been rifled. + +We are still in the process of determining all items that were stolen and the relative value. An initial accounting places it in the thousands of dollars ($2-$5k+). The police are acting on the assumption that it was the second, younger worker who helped only with demo who took the jewelry and were to arrest him the day after the theft, but we have not heard anything. + +We have paid half of the total cost (~$10k). A check for another quarter of the cost (~$5k) was delivered to the company Monday, but I put a hold on it when I determined the theft. As of the day after the theft, all work was stopped. The police were on site when the worker removed all of his tools that he had left in the house and our garage. A representative of the company came to speak with me in person, and the owner, who was out of town, called to let me know he would be following up when he was back. + +The company has said they will make good on the loss, *but how do you replace one-of-a-kind pieces and family heirlooms?* I have since met with another contractor who is well known in the community to get an estimate of the cost to finish the work. I am now trying to determine the following: + +**Should I let the original company finish the work?** If so: + +* Should I get the work finished at no additional cost to me? +* Should I get any money back for what they've already done? + +**Should I go with the new contractor?** If so: + +* Should I get the money from the original company to pay the new one? + +**Update** + +So the lady is coming by today with the check I wrote them on Monday. She said she had already written VOID on it. She said she was still waiting to talk to the owner, but she said they would just consider I had paid had could use the funds I hadn't paid them to get the work done, and I could file loss under my insurance. I told her no and no...that I wanted them to make good with their insurance on the jewelry and that I shouldn't have to pay since they didn't finish anything. She said she'd know more after she talked with the owner. No way are they not going to pay for the jewelry! I told her none of this would have been necessary had it not been for someone who worked for them. I'm trying to be Nice but firm;I told her I shouldn't have to yell at her since she didn't do it, but that it is the company that she is representing that is at fault. I'm sure I'm not going to get a full refund, but I want more back of what I already paid...not just the voiced check. She told me the older worker wasn't going to get paid for the work he has done, which doesn't seem right, unless they are holding him responsible for not having watched over the thief. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) + I dont know man but this shit looks the same to me but the other way around, during 20k everyone was shouting we are going to break 20k suddenly it all crashed, people are waiting for the perfect entry now and lot of greed going on, all comments that say 1 or 2k get massively upvoted and those who make bullish posts get downvoted, pretty much the same as ath sentiments. +[Check the charts for yourself](https://coinmarketcap.com/charts/) + +115 billion on June 24th, 2017 + +78 billion on July 11th, 2017 + +That's a drop of about 30% in about 2 weeks time. +Meaning move to a lower cost of living country to FIRE. + +Inflation rates in those lower cost of living countries is much higher than in the US, so the 4% rule probably won’t work. + +For example, you move to Asia to FIRE on a 750k nest egg. You’re able to afford it for a few years, but since it’s a developing country, incomes rise faster than your nest egg can, and eventually your 4% can’t afford the country anymore. So either you go back to work or move to the next lower cost of living country. + +Like 20 years ago, you could’ve probably FIRE’d in China with 250k. But your investments wouldn’t have kept up with the increased cost of living since then. +Isn’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 what’s going on.. + +Or someone who literally works in finance.. + +And you realise they don’t know fucking anything about what’s going on? + +It’s almost as if they are all watching the same clock face tick along + +Then there’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 don’t know or don’t want to believe the whole thing is a fucking sham. + +Even when you don’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. + +It’s great. + +Ps not financial advice but DRS’d shares are sexy +By fighting against these giveaways, you are actively hindering your company from testing/profits and yourself/others from learning about the technology. + +Minting NFTs and sending them to each other, even for no cost to the receiver, improves your and the senders knowledge (by increasing your interaction with and understanding of what NFTs are/can be, how to make them and how to use/send them). It also provides GameStop/Loopring with a small transaction fee, which goes towards company profits. + +These NFT giveaway posts do not hinder your day. If you see a shitty one, downvote it, ignore it. Don't send it your wallet address. Don't interact, just like all the other shit posts on new. But, this person still spent money with your company, learned about the technology your company is basing it's future on and wanted to share that with you. + +Maybe I'm actually retarded these days, but it's absurd to me that someone could push for limiting interaction with our company's new platform, which it PROFITS from and a bunch of apes all jump on that.... Insanity. You're telling people NOT to shop at GameStop. Wtf. + +I can understand banning asking for tips/gas fees/whatever. But if someone wants to spend their money at your company and give it away to you as a gift, the response is not to tell them "fuck off, that isn't welcome here, you're wasting my energy by causing me to scroll my finger an extra inch". + +If anyone wants to try and say "they don't make that much off of each transaction, it's not like we are stopping much profit", think about how Mastercard and Visa and these card companies profit percentage points off of each card transaction. Businesses pay fees for the convenience of swiping cards for payment. Small processing fees for each transaction add up. Let people send as many as they want, because EACH INTERACTION causes your company to profit. + +Buy at GameStop. DRS if you want your shares in your name. Mint at GameStop/Loopring. Interact. Transact. Spend fees. Stop telling people to not do these things. Rant over. +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. +The most glaring misperception I’ve noticed, is that a few investors still think this crack-down is about siphoning money from / purposefully harming Western investors. First off, it’s not about this at all. This is about the CCP fixing China’s own internal problems, and capital as a whole (not just western investors) being collateral damage from this. + +For example, many of these companies that were caught in the new regulations, are already dual- listed in the US and Hong Kong. And some even only have listings in Hong Kong or Mainland. For example, the education sector regulations news broke the night of July 22nd (US time). In the days after, the CSI 300, an index of the 300 largest companies listed in Shanghai and Shenzhen dropped over 10%, and over 20% since its February peak. +Foreign investors make up less than 5% of the domestic Chinese market, so this impact hurt primarily domestic Chinese investors + +Additionally, the Hong Kong market is also dominated by mainland investors, with mainland institutions estimated to comprise ~40% of Hong Kong volumes, while mainland retail investors make up another ~20%. These investors are shareholders of many of the Hong Kong listed technology, education, gaming, and property management companies, which also experienced drops of ~20 - 80%. + +The difference in Chinese policies vs. many Western governments, is that China prioritizes the labor and tech components of this equation more so than capital. While labor is made up of the domestic population itself (and the goal of society is to improve the well-being of the population) and technology is used to amplify this output, capital is face-less (or at least belonging most to those who have benefitted from the country’s rise and accumulated the capital in the process, and thus have a “national duty” to help & repay their fellow citizens / country who helped them achieve this success). + +In the 1980’s while China was opening up, Deng Xiaoping famously said “Let others get rich first”. The idea was to allow certain enterprising individuals to generate wealth first, and over time this new wealth would be used to help “backward” areas of the country. The intention was not, to allow some to get rich, and then use this newfound wealth / power to then go squeeze even more profits out of those left behind (which is what the CCP sees many Chinese companies to be doing today). + +Capital is meant as a tool (i.e. fuel) to enhance & accelerate society’s goals, not as an end-goal itself. Versus many Western markets, where it seems that the betterment of shareholders (and putting more money into their pockets) is often the end goal itself. If the well-being of capital must be sacrificed to ensure a better long-term direction of society (higher birth rates, affordable housing, protection of consumer data, a more free-thinking / creative education for kids vs. today’s heavy burden of rote-memorization) then in the Chinese government’s eyes, it’s a worthy trade-off. + +This is especially true if the capital to be impaired is “fueling” the wrong societal goals in the first place – such as high educational costs which discourage births, high housing prices which discourage family formation, keeping delivery drivers’ wages low so as to squeeze profits to line- shareholder’s pockets, etc. In this case, the capital wasn’t being productive anyways, so there’s no loss if the government impairs it (and sends a message to discourage future investment in these fields). + +Know The Plan + +As such, it’s crucial to understand what China’s priorities are first and thus where capital can go to support these objectives, if you want to have higher odds of investing your capital in China safely. The easiest way to understand this, is by studying China’s five year plan (this is a “blueprint” released by the government every five years, setting the goals for near-term government policies). + +In the last five year plan relating to 2021 – 2025 (meeting held in October 2020), the government discusses how it aims to become a moderately developed country by 2035 (i.e. $30,000 USD per capita). It hopes to achieve this via a focus on domestic consumption (and of domestic brands), and by continuing to close the urban vs. rural living standards gap. In terms of innovation, the tone also changes to a focus on the hard-sciences (biotechnology, semiconductors, quantum computing, space exploration, climate technology, etc), and increasing the funding provided to basic research R&D. + +So What’s The Problem? + +Over the past thirteen years, China’s GDP has slowed from ~14% y/y growth in 2007 to just over ~6% y/y today. So why is this a problem? + +Well when the overall pie is naturally growing rapidly, the country can “direct” resources (labor, capital, government policy / support) to specific areas, so that the “newly formed slices of pie” have a greater chance of forming within lagging areas (rural areas, lower-income workers, etc). You can create new prosperity for these areas, without having to take chunks from existing pieces (pieces that already belong to someone else). + +However as GDP growth slows, so too does this ability to create new opportunities for the underserved areas, without affecting the prosperity of existing participants. +Slowing growth wouldn’t be an issue if the problems were fixed during the high-growth periods – but in China’s case, the problems have actually become worse. Income inequality has in fact widened, and the IMF indicates that China not only has one of the worst levels of income inequality among Emerging Markets countries, but also one of the highest rates of worsening over the past 30 years. + +Slowing growth wouldn’t be an issue if the problems were fixed during the high-growth periods – but in China’s case, the problems have actually become worse. Income inequality has in fact widened, and the IMF indicates that China not only has one of the worst levels of income inequality among Emerging Markets countries, but also one of the highest rates of worsening over the past 30 years. + +Generally in countries that experience slow growth, as the pie stops growing, the only way to better your own family’s circumstances and get a bigger piece for yourself, is to take a chunk from someone else’s pocket. +China’s issue is that the starting line / opportunity to do so isn’t equal – those who have amassed a large piece during China’s high-growth phase (either through self-determination, or as a benefit of government support), are more advantaged and now have more power (bigger piece = more resources / access / connections = more power to acquire more pieces from others). These stronger players are always looking to grow too, and because of their advantages, naturally resources accrue to the top (“rich get richer”) rather than flowing the other way around. Hence, this leads to an even wider income gap, and requires an even stronger force (the CCP) to stop this dynamic. + +Historically one of the great equalizers and best ways to get your family better financial footing, was through education. In China (and almost all Confucius-based cultures – such as Korea, Japan, and Vietnam), education is highly prized, and the resources of the entire extended family would be pooled to support the education of a single gifted child (with the idea that when they succeeded, the entire family would as well) + + +This cultural mindset dates back thousands of years, starting with China’s Imperial Examination during the Sui Dynasty (581 AD). This grueling exam was technically open to all levels of society, and helped to promote an avenue of equality in society4. + +“The civil service examination system was an important vehicle of social mobility in imperial China. Even a youth from the poorest family could theoretically join the ranks of the educated elite by succeeding in the examination system. This assurance of success in the examinations dependent only on one’s ability rather than one’s social position helped circulate the key ideas of Confucianism... The hope of social mobility through success in this system was the motivation for going to school in the first place, whether one was the son of a scholar or a farmer... This curricular uniformity had an extremely powerful effect on Chinese society, and the major impetus for this uniformity was the meritocracy promoted by the civil service examination system.” + +If this sounds familiar, it’s because this system is very similar to the Gaokao college entrance exam used today. This exam lasts for 9 hours over several days, and this single test largely determines the rank / pedigree of the college the student is accepted into. While there are certainly valid criticisms of the test (imagine your future being based entirely on an amped up version of the SAT test available only 1x a year), it’s also regarded as the fairest way of screening talent in a population of 1.4 billion people. Regardless if you’re from a rural or urban family, a wealthy or poor family, the test results you get are still largely determined by your own ability (and not how much your family donates to a certain school) + +So given the cultural impact of the Imperial Examination, which lives on today in the form of the Gaokao, and culture emphasis on education in general, where do you think families are going to spend their resources as they grow wealthier? Especially as due to the decades long one-child policy (now abolished), all their resources are focused on a single kid? +Well on average, Chinese parents spend ~$18,000 USD per year on after-school tutoring. Considering China’s average GDP per capita is only ~$10,000 USD, it obvious that the bulk of a family’s resources are going towards their kid’s education, with additional support from the extended family and savings. +The financial pressure on families, and mental pressure on students is intense. Starting in elementary school, 60% of students are already being tutored outside the public classroom (and steadily rising in % for older students), spending several additional hours a day ultimately prepping for the Gaokao. As an example of this pressure, in 2012, images of Chinese students using IV drips to aid them in studying went viral + +But if your kid’s classmates are all using expensive after-school tutoring services, what option do you have as a family? At the end of the day, it’s a ranked test and the better your kid’s classmates perform the worse your own child ranks, so you have to play the game too. +Note: This isn’t only a China problem, but rather is prevalent across East Asia. Ten years ago, South Korea similarly cracked down on its own after-school tutoring system (i.e. “cram schools”), where over ~70% of all students are enrolled. The private tutoring sector alone was equivalent to ~50% of the total public education budget, and the extreme mental stress students faced was often blamed for the high suicide rates and low birth rates. + +It’s clear that China has taken some of the lessons from South Korea, in enacting its own policies. +This dynamic has led to tremendous pricing power among the after-school education companies, which in turn led to these profits accruing to shareholders (EDU & TAL being the most notable). In the CCP’s eyes, the majority of Chinese families are subsidizing and suffering immense pressure, just for these resources to ultimately line the pockets of the few (already wealthy) shareholders. The government sees this as a form of rent-seeking, without adding value to society (it’s a zero-sum game). +It’s also because of this immense financial pressure, that China’s population is declining. It’s an issue for the country, since a smaller working population needs to support a bigger retiree population (who historically, have relied upon offspring as a retirement policy, and elders often live with their adult children). +This despite the one-child policy being modified to a two-child policy in 2015, raising the limit to three-children on May 31, 2021, and being completely abolished just a few weeks ago on July 20, 2021 + +Combined with this, China’s housing prices have also risen astronomically over the decades. There are several reasons for this, including rising prosperity + capital controls & distrust of local stock markets, meaning that excess savings are invested into real estate. Whatever the case, the fact is that home prices have risen ~8% y/y over the last 20 years, and even more in Tier 1 cities (Beijing, Shanghai, Guangzhou, Shenzhen). The rise in home prices have also outpaced the rise in incomes – thus making home-ownership (a cultural prerequisite for marriage in China) ever- harder6. +Housing prices are also intertwined with education, since where you live determines where your kids go to school (much like public schools & property taxes, in the United States). Families in Tier 1 cities are buying up 800sqft shanty apartments for over $1 million + additional renovation costs, just to ensure their (unborn) child will be able to go to a good public school + +High child raising costs, high property costs, and long working hours (9am-9pm, 6 days a week, i.e. “996”) in many tech companies, are creating a unsustainable life for the middle class. These factors are all why marriage and birth rates continue to fall. +So what’s the cultural reaction to this high-pressure, rat-race lifestyle among the younger generations? To give up and “lie-flat” (“躺平”)... The younger generations no longer have the optimistic hope in a better future, and a belief in upward mobility that their parents did during China’s previous decades of meteoric growth7. + +Many Chinese youth are choosing to leave this rat-race, forgo marriage / children, have lower ambitions, move out of expensive Tier 1 cities back to their hometowns or countryside, and prioritize their own time / freedom over material possessions. +Of course, this new trend also worries the CCP, as it creates a negative virtuous cycle, which affects the productivity and future trajectory of society as a whole (especially as China’sgovernment has global leadership ambitions). In fact, the trend is so concerning that the phrase “lie-flat” itself is censored by China’s internet regulators. + +So these are just some of the issues that China’s government are trying to tackle. And viewed through this lens, it’s easy to see that these recent actions are about fixing China’s internal problems, rather than purposefully trying to harm foreign investors (they’re the collateral damage). The country is trying to steer capital towards the fueling the right areas, where it views it’s most needed for advancement and betterment of the country. + +China is a state capitalist system, which by definition, capital is meant as only a tool to serve the interests of the majority of society. Especially with President Xi’s historic 3rd term re-election coming up in 2023 (China’s two-term presidential limits were abolished in 2018), the government is especially cognizant of trying to enact these fixes in a timely manner (which have been generally well-received by China’s broader population in recent weeks). + +If you plan on investing in any foreign countries, you first need to understand the history, culture and context of its people first. This is especially important in China, where the state has greater control over the economy, and the health of the capital markets will always play a subservient role to the greater needs of society at large. Hopefully by providing this background, other investors will at least understand the “rules of the road” better while searching for investments in China. + +Credit goes to Hayden Capital, they are about 65% invested in Asia, and the post i quotes is from [there quaterly letter found here](http://www.haydencapital.com/wp-content/uploads/Hayden-Capital-Quarterly-Letter-2021-Q2.pdf?utm_source=Hayden+Capital&utm_campaign=fefbd0ca3b-EMAIL_CAMPAIGN_2020_02_12_COPY_01&utm_medium=email&utm_term=0_aae4c81ce6-fefbd0ca3b-371858787) + +[r/baba](www.reddit.com/r/baba) +*This is purely speculation & not financial advice* + +There is something so off with all this news about Citadel sending profits to clients. There is no way this is positive for Citadel, it is merely a tactic to misrepresent facts. + +Why take profits at the bottom of a market? It would take a pretty dire outlook to sell when everything is down 50% right? That’s not profit taking, that’s people getting out for fear of it getting worse. + +I remember that scene in The Wolf Of Wall Street when McConaughey tells DiCaprio, “You never let them sell, you always come up with a new idea for them to reinvest. It’s fake & it only becomes real when they sell.” or something to that effect. + +7b off Kenny’s books has gotta hurt & it wouldn’t shock me if we see more ‘profit taking’ in the near term. For a long time Ken’s investors have been losing faith & now we see how serious it’s become. + +We know the media is in Citadel’s pocket, they’re always using these cheesy ‘success’ stories to cover up their dumpster fire. I call BS. + +TLDR: The media calls it ‘profit taking’, when in reality, clients are bailing on Citadel. + +Feels good watching the dominoes fall 🚀🚀 +As USD strength continues to surge, are you taking advantage through passive foreign investments? I’m semi-retired with my portfolio being split between US ETFs, directly held US real estate, and PE investments into US RE. + +Continuing to pour money into ETFs and sitting on cash doesn’t seem like an exciting plan for the next couple of years. USD is ridiculously strong right now, and it appears to only be getting stronger. + +I view emerging markets and China as too risky, but is anyone taking advantage of the strength of the dollar through passive investments in Europe, South Korea, Australia, etc.? It seems that this would be a good way to both diversify out of the US and get bonus returns as global currencies normalize after a few years. + +Semi-retired, so not looking to buy a manufacturing plant in Vietnam etc. Main focus is on accessing passive deals in foreign currency in first-world countries. Curious to hear others’ experiences. + +Although it’s mostly hobby driven, rather than return driven, one way I’m taking advantage is by buying musical instruments in Europe. Some fine instrument stores are starting to price in USD instead of Euro, but those that aren’t are effectively at a 10% discount right now. +I read [this](https://www.reddit.com/r/fatFIRE/comments/lfn78g/came_into_windfall_largely_by_luck_many) thread earlier and related to parts of it, and some of the answers. + +Whilst this could arguably go in /r/relationship_advice I've chosen to post it here as I think the financial component is extremely significant. Perhaps someone here has lived the same experience? + +I (30M) have just ended a 16 month relationship with a great girl. I couldn't put a finger on exactly why. I just didn't feel as though I wanted to see her a lot of the time, and small insignificant things annoyed me an unreasonable amount. I felt it was cruel and unfair to continue the relationship. + +With the pandemic, this has left me single and alone in my house. + +I previously (3/4 years ago) made a FatFire amount of money (windfall event). I do not need to work (she knew I didn't need to work but I don't think she had any real idea of the extent of my wealth). As such I work for myself building passion projects (web/app dev) in the hope that I can build something that is used/loved by others. In practice, this has not happened. I try and live a normal life working 'normal' hours to maintain a sense of normality but working on my own has meant that I don't have those typical work connections, and the social benefits that come with it. I feel like I've closed up a lot and become a generally rude, resentful, and dismissive person. + +I think this attitude affected the relationship with my ex (who was extremely friendly/social/positive) and presented almost as jealousy. The end of the relationship has left me at rock bottom as I don't have a social circle to help build me back up, and I feel as though I was possibly just pushing back against affection. + +During the relationship (\~6 months ago) I had some doubts. We had a short break, decided to reconnect (after a few days) and I started going to therapy. In hindsight I think it was the wrong therapist. I gave up after 10 weeks feeling as though I wasn't making any progress. Now I am looking for a new therapist. The pandemic means that I can only access therapy via Zoom at the moment which is sub optimal, but better than nothing. + +My family have stated that I basically just need to get a job. Any job. Whilst I don't need the money, working with people will resolve my loneliness, and help me develop those social bonds/connections that others have. Again, the pandemic prevents this right now as everyone is working from home anyway. + +I have looked into volunteering but that is similarly tough to get into during a pandemic and the one opportunity that I have found involves walking around the local area with a few other individuals looking for homeless people to try and support. Whilst an admirable cause, there are not actually that many homeless people around the area and it seems to amount to just a walk (not that walks are bad). + +&#x200B; + +The long and the short of it is that I'm wealthy but lonely with no clear direction. Money truly doesn't buy happiness. There are a lot of posts here about 'purpose'. I don't seem to have one and don't know how to actually find one. I find myself negative and unmotivated with the additional concern that I'm going to be 'forever alone' as I pushed the great person that did support me away (I've started creating narratives in my head that the relationship was in fact great and it was all just 'me'. The pragmatic side of me realised that this might not really have been the case). + +I wondered if anyone else had experienced similar, and how you worked your way back up? +I'm working on an analysis to determine a fair market value for the bottom of the current market for QQQ. I believe there's a lot of companies that have value in there and I'm waiting to get a good deal on them. In the meanwhile, I'm looking to the past two significant downturns to better understand from a (% likelihood) when that might be. My first question is: + +\- The Dot Com Bubble peaked around March 2000. It bottomed out in Sep 2002. Any ideas why it took so long? Was it due to Septmber 11 or the 2001 recession? Any other significant factors I'm missing here. Did the enron situation have a major impact? + +\- Another signal is the average time since the start of the downturn/market turbulence. + +In the last major recession the peak was around June 2007 and it bottomed out around March 2009, around 21 months. + +\- I'm also looking at the situation with the speculative assets in each of these major downturns, as they have been significantly depreciated near the bottoms (speculative tech stocks were down 90%-99% near the bottom of the dot com bubble, the S&P Case-Shiller home price index was down 20% two years after the 2007 peak) + +\- Currently Bitcoin, GME, and NFTs have still not fully depreciated to 90%+. Housing is still expensive, while the price probably won't decline like it did in 2007, I'd still expect a correction with the interest rates and layoffs. + +Anyways thanks for listening to me ramble. I work as a data scientist, and I enjoy building quantitative models for hard to predict events. If you have any other data points you think might be relevant to perform a statistical analysis to find a market bottom, that would be greatly appreciated! + +Other Data Points I'm considering + +\- P/E future 12 months ratios + +\- Moving Averages + +\- Unemployment figures + +\- Inflation % (Whether it shows easing) + +\- Companies Earnings Miss / Expectations + +\- Historical News Cycle Archives +Before you invest, are you making sure your watching bond yields ? + +The first thing I learned when working on wall street was to watch bond yields. As yields go up, stocks go down, as yields go down stocks go up. + +In 2020, 2021 Yields have for the most part gone down. In 2022 however they will likely only go up (given the fed doesn't back down). + +Compared to **JUST 6 MONTHS AGO**, Bonds are up: + +US 2Yr up 690% + +US 5yr up 204% + +US 10yr up 64% + +US 30 yr up 31% + +This rate of increase is unprecedented. (because rates are moving from the lowest lows, to higher) For reference, the debt crisis that caused 2008 was, among other things, caused by a 30% increase in the US 10yr (from 3.9 to 5.1). Also want to mention that this yield increase happened over the course of 1.5 years, not a few months like we're seeing today. + +Example, the monthly payment for a $300,000.00 mortgage loan in the past 6 months has gone from $1,292 (figured 3.1%) to $1,626 (figured 5%). + +AKA our economy is grinding to a halt. + +I'm hoping to start a discussion, what do you think? What are you doing with your money? When does the system crack, is it within the next few months since were rising so fast, or will this take another year or two to play out? + +&amp;#x200B; + +\-I've been shorting bonds, TTT &amp; TYO since October of last year. + +&amp;#x200B; + +EDIT: Lots of questionable responses on this thread. We're in a bubble. + +Last edit: Maybe not grinding to a halt. But more a turtles pace. Steep decline though considering we were at cheetah speed. +I’ve been working since I was 15 but I only have $10,000 in super. I’ve been a casual or part time worker throughout uni. Just checked and the average amount of super for my age is $17,000 for men and women. I can’t believe I’m so far behind already. Should I start making voluntary contributions? +I have a rental property that I would like to move back into due to personal reasons. No extenuating circumstances - I can stay at home until the lease ends, but prefer not to. + +&#x200B; + +I was thinking of mentioning to my tenants that I am unable to renew the lease when it expires (July) and that they are free to break the lease before it ends if they find a new place. Is this considered rude? Are there other ways to approach the situation? + +&#x200B; + +Cheers! +VYM = Vanguard High Dividend Yield ETF - [https://investor.vanguard.com/etf/profile/VYM](https://investor.vanguard.com/etf/profile/VYM) + +Most of my portfolio is in growth stocks, (VTSAX+VTIAX) and I have become interested in dividends and would like to throw any extra money I have in them + +Would I be going wrong to put it in VYM? I would keep the growth funds but this would be purely extra money. I would prefer one fund over picking several individual stocks + +What are your thoughts on VYM? It seems like the dividend yield is around 3.7% but it also the stock value itself has seen growth +I currently aiming to start my 25 position Dividend + Growth (low yield dividend stock under 1.2%) portfolio and I use M1 Finance so these are my current % desired allocations. I have MSFT and AAPL in another portfolio [https://m1.finance/COdscVD2bov3](https://m1.finance/COdscVD2bov3) + +should I focus on stocks under $100 so I may buy more shares? I plan to add $1000 monthly + +Also I would like to keep my positions at 25, so if you may can you say a stock and which to replace it with (excluding UAL, NKE, SBUX their used for M1 Cash Back rewards). Thanks in advance, happy investing!! + +if you cant click the link here it is: + +1. SCHD 22.5% +2. JEPI 20% +3. VYMI 7.5% +4. COST 3.74% +5. HD 3.74% +6. WMT 3.74% +7. ADP 3% +8. CVX 3% +9. HPQ 3% +10. IBM 3% +11. JNJ 3% +12. LMT 3% +13. MCD 3% +14. PEP 3% +15. SPG 3% +16. STOR 3% + +17 - 22 my growth dividend stocks, not in the link but 3% each allocation : ( AXP, AMAT HON, LPX, NDVA) + +23. NKE 2.3% + +24. SBUX 2.3% + +25. UAL -> M1 Owners Card literally about 1% +Hi guys, I am pretty new to the market, I’ve been doing as much learning as I can watching videos reading things online, I have a fair understanding of investing and dividends I really would like to start my investing journey to passive income. I have a good job and barely any bills to pay because I am young and still at home. So far the only etf I own is SPHD, and although the dividend is monthly. I’ve heard mixed things about it not being safe and also a yield trap?What are you favorite etfs that offer great growth and a good dividend? What are some of your favorite stocks that offer good growth and a good dividend? +Thanks guys :) +Let me know if you have any questions about prices or shares. + +My holdings from largest to smallest: +(percentage of portfolio) + +(O) 10.26% +(KO) 9.42% +(T) 9.38% +(MSFT) 6.45% +(VZ) 6.33% +(SPHD) 6.00% +(JNJ) 5.69% +(BBY) 3.99% +(CNP) 3.50% +(VYM) 3.27% +(GRMN) 2.85% +(WFC) 2.73% +(SCHD) 2.29% +(SPYD) 1.61% +(PBA) 1.59% +(NSC) 1.40% + +Leave a comment, advice or anything at all. Thank you! +As someone who recently retired, my focus is pretty much on income rather than growth. I have holdings in utilities (PPL, SO, DUK), but still have some lower-yielding growth stocks (QCOM, MSFT, AAPL). + + +Given that so much of the advice here seems directed towards people decades from retirement, I thought I'd see what people here might suggest for older folks. +I guess it's about time to switch, especially since Bittrex support has been strained recently and they have yet to add many high volume cryptos like IOTA. They also don't have many highly sought after cryptos like WTC, QASH, VeChain and Request +Honestly , this is so frustrating , it's like every single coin that's being released in the market is a scam or a rug pull or a trick to manipulate me into stealing my money . From celebrity NFTS , which are ENDLESS by the way . To new tokens and startups , I can't trust anyone and I'm beginning to doubt myself . + + Why is it that this field that was built on progress , tech and development , is so full of scams , shills , thieves and a - holes ? + +There's no trust from me for new projects , and yes before you say it , I understand that I should be only using real platforms like solana prime to trade , and that if I had been doing that I wouldn't have ended here . But I did , and now I'm here , and we shouldn't be taking this on the chin and shutting up . + +Too many bad projects out there , and something should be done about it . +Can we take this as a community-wide lesson? It embarrasses me that this guy is all over our subreddit. This is supposed to be a place for traders and retards attempting to be traders, not for trader roleplay. I'm not under any illusion that we're all pros or anything, but come on. + +You should be here because you want a yacht or a nice house and want to make wallstreet pay for it, not because you enjoy watching the trading version of WWE. + +You guys need to be more skeptical. He played you like a fiddle for attention and notoriety. You gave him exactly what he wanted. You think you're pointing and laughing at some retard but you got taken for a ride and he got the attention he wanted. You are the retard. + +It's *really* easy to be retarded and lose money. You're not "doing it right" when you post massive losses and go "hurr am I one of the boys now"? It's like a bunch of morons saw some traders comparing battle scars and decided to cut themselves so they could join the conversation and get attention. +1 - People say that crypto is a way to stay away from banks/government and protect your wealth, however what we are seeing right now are exchanges preventing people from making withdrawals. I understand that you can use a cold storage to protect your crypto, just as you can use paper cash to protect your cash. But at some point you will need to make a transfer and use an exchange or a bank and your crypto or money can be locked out. What is the difference then? + +2 - People say that CBDCs will give more power to governemnts. In most countries if you get your social security or similar blocked by the governemnt you can't do anything in the financial system, so I believe governments already have all the power they need to block your financial life. And I would rather put my money on a CBDC than on a project such as Terraluna or similar. What's the advantage of crypto or stablecoins here? + +3 - Transactions fees are enourmous for Bitcoin and Etherium, sometimes even more expensive than using a traditional bank. Fintechs can offer international transfers, regardless of the amount being transferred for a flat fee. What's the advantage of crypto in this regard? + +4 - Store of value. Nothing with the extreme volatily of Bitcoin, Etherium, etc can be considered a good store of value. A store of value implies low volatility and an asset that at least keep up with inflation. I often see people comparing the rise of Bitcoin price vs the loss of value of the US dollar and other currencies. This is a fallacy. Bitcoin gained value since its invention but it doesn't mean that if you bought it a month ago as a store of value it did its job. Crypto in general are looking more like shares than a store of value. It goes up and it goes down, to make money you either time it right or hold it for decades. What am I missing here? + +5 - Exchanges get hacked or go bust and there is no one to turn to to have your crypto back. With banks the government guarantees up to a certain amount of your cash if the bank goes under. + +--- + +I'm very sincere with my questions and I really would like to hear good and adult counter arguments. + +Cheers +**UPDATE:** + +I modified the letter they wanted me to sign. Here it is: + +>With regards to the deposit of $xxxx on 8-18, sometime ago I invested in bitcoins. I recently sold this investment on 8-17 via Coinbase.com, with the proceeds of the sale being deposited to my account on 8-18. Coinbase enforces strict Know Your Customer / Anti-Money Laundering policies in compliance with all applicable laws. +> +>Furthermore, these funds have already been spent on household goods, living expenses, and charitable donations; consequently they will not be used for any closing costs. I just wanted to assure you that I did not borrow any funds. + +The loan officer told me this was perfect. Apparently all I had to do was mentally rearrange my finances such that I lived off of that deposit for a month and left the rest of my checking account untouched. "The dirty money is all gones!" Lol. + + +**ORIGINAL POST:** + +I'm in the final stages of purchasing a home. My lender sent me this message after reviewing my bank statement: + +>Hi JstnPwll, +> +>Thank you so much for sending everything. On the bank statement, there is a deposit $xxxx on 8-18 which needs to be sourced. Please let us know what that was so we can help you document it. + +That was from a bitcoin sale I'd made last month to make sure I had plenty to cover all the inspections and closing costs. I found my Coinbase sale confirmation email and forwarded it, along with this note: + +>I believe that was when I sold some bitcoin at Coinbase. Here is the email confirmation from that sale, if that would help. + +The follow-up reply: + +>Hi JstnPwll, +> +>Funds from the sale of bitcoins cannot be used in a real estate transaction, due to anti-money laundering laws. You have plenty of other money available for closing, so this should not be an issue. Please sign the attached letter. We just need to acknowledge for the underwriter that this was not a loan & that you are not using this money in the deal since it is unregulated money. + +After a bit of back and forth, I said: + +>Before I sign the form, I'd like to review the law in question just to make sure I fully understand the situation. + +I haven't gotten a response yet. I wasn't aware of any real estate-specific law...do you guys know what the agent could be referring to? + +*Full disclosure*: My money was not laundered. +Is there any way to reasonably quantify how much the market could shrink, given what the fed is doing? + +what formulas are the bearest of the bears using? + +what figures are we supposed to look at? + +for instance, the 10year is now at mid 2018-2019 level, and likely going higher. + +[https://www.cnbc.com/quotes/US10Y](https://www.cnbc.com/quotes/US10Y) + +[https://www.cnbc.com/quotes/.SPX](https://www.cnbc.com/quotes/.SPX) and the SPX could be a giant head and shoulders pattern back to 3000-ish. + +those who say fat chance we fall back to 3000-3250... why? +**\*\*Preface: I would like to stress that I am double vaccinated and I encourage all adults to get a COVID vaccine after speaking with your doctor to make sure it is right for you, this is NOT an anti-vax post and is NOT about arguing the validity of COVID vaccines. Also, I do understand the need for some rational restrictions given the pandemic situation.** + +I am currently living in the most restricted area in North America, with curfews at 10 P.M. Indoor dining, gyms, and basically any activity that needs to be done indoors (apart from shopping) is closed, even for the vaccinated. Gatherings from different households at private residences are basically not allowed at all. There are now rumors that the vaccine will be mandated for everyone in my country's subreddit. I have no idea if this is true, and I am not against the vaccine, but it still makes me uneasy. + +While I understand the need for some restrictions, the ability to FI/RE would mean that I, a double vaccinated, mask wearing person (I am stressing these points, as I do not want people to jump on me telling me I want to go around infecting grandma), would be mobile enough to choose which province or state I would like to live in, in accordance to my own risk tolerance. For now, given that I am WFH, but my spouse's job is not, we are kind of stuck here. + +Maybe this is my paranoia, COVID restriction affected brain speaking, but I genuinely worry about the future of my province and my country, and would like to be able to get out if needed. I expect this feeling to grow whenever I have kids in the next years. Looking down South, or even in the Western parts of my country make me envious, and angry at my region's inability to manage this crisis effectively without restricting many aspects of our lives. + +This, and the fact that my country's GDP is greatly dependent on rising home prices, I fear our economy might take a turn for the worst in the next decades. + +Saving around 40% of my salary and investing in a larger, more diversified and stable economy (USA) will get me to a point where I am independent enough to move my future family wherever I want if SHTF and the social or economic climate of my region takes a dive. + +Not a lot of people think about the advantages of being mobile until you feel trapped. +ETA2: Here's a [link to a version of our spreadsheet](https://docs.google.com/spreadsheets/d/1SX3rzTk6q3c5NOiSmox4lwaAKp5OX1NppYU4SFAXTjE/edit?usp=sharing) + +I simplified it a bit (to reduce the number of rows/columns to something more manageable). The first tab is just a place to easily view information regarding the apartment, and your own 'progress' as far as making calls/visits. Pros/Cons is all personal opinion, we just put whatever we immediately noticed and loved/hated. Columns for distance (in time and miles) from the apartment to each of our jobs. Then the last column for a link to the apartment online. + +The second tab I super cleaned up, and you'll likely have to expand it to include more columns. The basis behind it is: the thing you're rating, how high/low you'd rate it, and how important it actually is. For example, the grounds might be really nice (3) but the grounds really don't matter that much to you (4). Or the kitchen appliances are shit (-3) and that's something that's super important to you (10). It then gives each apartment a total score, and you can more easily quantify non-tangible qualities of the apartment. + +I left in 2 example rows in case you need an example to follow. +This link is 'read only' shared via Google Docs. You'll need to save a version of it to your own Google Drive in order to edit the spreadsheet. + +---------------------------------------------------------------------------------------------------------------------------------------- + +ETA: I wanted to clear up a few questions/comments, and add some useful information some people have contributed. + +* I probably should have included this from the get-go, but didn't think of it. We live in a suburb in the midwest (if you didn't figure as much based on the apartment prices!). A lot of my experience doesn't apply to more densely populated areas. If you're somewhere like New York or San Francisco it sounds like you've got to show up when the current tenants are moving out, with a whole years salary cash in hand, prepared to fight to the death against any one else who shows up! Do as much research into places you're looking to move as you can. + +* There's a LOT more to choosing a place to live than *just* the costs. In many (if not most) cases, a higher price is worth the non-tangibles you get. My larger point was to do the math, because it might be surprising. We would have chosen the higher priced apartment regardless, because it was the better choice for us. But it was a nice surprise to find the costs were much closer than they seemed. + +* Our estimated utility costs were a combination of A) the estimate the apartments gave us, B) estimates directly from the utility companies, and C) an average of our utilities in our current, similarly sized apartment. It's definitely a valid concern, and something to be aware of. The previous tenant most likely has/had different lifestyle requirements than you and used under/over what you'll use. Get as many estimates as you can; /u/bridgehater1 suggested not only asking the average utility cost, but the highest and lowest cost. + +* A lot of people suggested [padmapper](http://www.padmapper.com/) as a good search tool for finding apartments. /u/qwilo also posted several links to [rental search websites, as well as rating/review websites](http://www.reddit.com/r/personalfinance/comments/2zl03l/adventures_in_apartment_hunting_or_sometimes_the/cpk6fw2). /u/Smokey_Jah also posted a really informative article called [The True Cost of Commuting](http://lifehacker.com/5855550/the-true-cost-of-commuting-you-could-buy-a-house-priced-15900-more-for-each-mile-you-move-closer-to-work) that I think is incredibly relevant to choosing where to live. Definitely worth a read for anyone house/apartment hunting! + +I'll be cleaning up my spreadsheet and questions document this evening, and can absolutely share it, for those of you who asked. I may have to share it in a new post. But for anyone who asked, I'll make sure to shoot you a message so you know it's up! + +Lots of awesome advice throughout the whole thread. Thanks to everyone who's contributing!! + +------------------------------------------------------------------------------------------------------------------------------- + +So my girlfriend and I have been apartment hunting for the last few months and have learned a LOT. I thought some of our mis-steps and new knowledge may be useful to others. I'll spoil the ending, the more "expensive" apartment ends up costing less money all around once we included every factor we could think of. + +**Choosing Apartments** + +The first step, and arguably the most difficult. + +We started out on [rent.com](http://rent.com). Filtered for not only our price range (under $800/month total), but also our "must haves" (washer and drying in unit, and a balcony). We then expanded out to other apartment finding websites. Then even went as far as going into Google Maps and just typing in "apartment." The Google Maps step was difficult, since all of the information we wanted to find wasn't as organized as it is on a dedicated apartment finding website. But it more than doubled our options. + +**Important Note:** Include apartments that are slightly above your price range. If your max cost for *the apartment only*, not including utilities is $800, go ahead and grab a few that are around $825-850. You'll see why toward the end. + +**Narrowing Down the Search** + +I'm a spreadsheet junkie, I can't deny that. I put together a master spreadsheet of every apartment we found that met our requirements. Rows for each apartment. Columns for information like price, location, distance to your most frequently visited places (work, mom&dad's house, nearest grocery store, a friend that you visit regularly, etc.), 'extras' (pool, balcony, private entrance, pets allowed, etc.), as well as 'cons' (near a railroad track, was our biggest con). + +We then assigned a number value to each thing, 1-3. Three being "yes, this is super awesome and we want it," two being "this is ok, but not enough to have a major opinion on," one being "meh." We also assigned negative points for the negative things (-3 for being close to a railroad track, for example). I added up points for all of the apartments, and that's how we sorted out where to start. It's also where we completely cut out places. *This was all done before we even stepped foot onto a property*. + +**Visiting Apartments** + +We then put together a big sheet of questions to ask at each apartment. Typed up and printed. It included the name of the apartment, and the person we met with. This ended up being invaluable because, as those of you who have gone looking at places know, when you look at several places in one day it all starts to blur together. This gave us the opportunity to sit down at the end of the day and have our information organized (and add it to our spreadsheet!). + +Some of the questions we included were: what utilities are we responsible for? What's the average cost of those utilities? What is your rent payment policy and grace period? What are the options for paying rent? (check, money order, payment portal online, etc.) How is maintenance handled? Are they on-site? What's the turn around on maintenance requests? Is there separate emergency maintenance? (no one wants their only toilet out of order and have to wait for it to be fixed!) What are the most common complaints you get from residents? What is the turn over rate here? (this is a big one, if residents are staying for a long time, that's awesome!) Will we have the opportunity to see **our** unit before we sign the lease? Can we take a copy of the lease with us today to look over? What's the application process like? What do you require as part of our application? How much is the application fee? Does it get refunded if we're denied? How long will it take from handing you the application to getting an answer? + +We also (naively) inquired about the demographics, primarily trying to find out if there are a lot of younger people and/or kids, since they tend to be more noisy. As we were told by one of our favorite office managers: Under law, apartment complexes are not legally allowed to answer this question. Any apartment that willingly tells you anything beyond, "We accept any and everyone who meets our qualifications, and our qualifications are the same for everyone" is breaking the law, and maybe not the greatest place to choose. + +Check everything. Windows, doors, lights, water. Touch things. Ask questions. Don't be shy. This is the place you're going to be living. Make note of what you find. Point out questionable things; there may be a good explanation (i.e.-this carpet looks crappy, what's the deal? answer: we replace the carpet after every move out, so don't worry about it). TAKE NOTES, for real, it's important. Again, you will not remember which place had which issues, and you'll be stressed out about it later. + +**Picking Where to Apply and Applying** + +Because most places require an application fee, it's not really an option to apply everywhere. So you have to narrow it down. We narrowed it down to 2 places. + +This step doesn't have much wiggle room. You pretty much have to follow their application procedures. But a big thing you can do to help yourself is not to apply somewhere you already know you won't be approved. If they require residents to make 3X the cost of rent a month and you don't make that much, don't bother applying. If they require a 700+ credit score, and yours is too low, don't bother applying. + +*These are all things you should know, because you asked about the application process ahead of time!* + + +**The Final Decision (and Some Math)** + +So you picked two or three places, applied and got approved at more than one. Now you have to make the final decision. You have to compare numbers, and intangibles. + +It's easy to look at two apartments, and make the decision based purely on how much they cost. But is the less expensive apartment really less expensive? I'm going to break down the two apartments we choose from. These expenses are all calculated as monthly expenses. So, for example, our gas usage to and from work is (X*2)*30 (I went with an even 30 days a month for the sake of not confusing myself with math!) + + | Apartment A | Apartment B +---------|----------|---------- +Rent | $770 | $825 +Electric/Gas | $130 | $100 +Water | $25 | $0 (included) +Monthly Cost of Gas to Work (*Combined*) | $38.40 | $38 +Laundry Costs (*at 1 load each per week, total of 8 loads a month*) | $18/month | None; W&D in unit +**Total Monthly Cost** | **$981.40** | **$963.00** + +*Note: the electric and gas costs were estimated by each apartment complex, AND confirmed independently by the electric and gas companies* + +I also calculated the cost per square inch, because that's really the only way (in my opinion) you can compare two different sized, different priced places: + + | Apartment A | Apartment B +---------|----------|---------- +Price per Square Foot (*here you can already see the more expensive apartment is a better value*) | $1.32 | $1.06 + +So, the price difference isn't huge. It comes out to **$18.40** (or $220.80 for a 12-month lease), which is really just the difference in cost between having or not having a washer and dryer. Originally, our cutoff point for rent alone was $800/month. But once we added up all other costs (and conveniences) we came out ahead with the more expensive rent (plus, let's be real, we're two chicks, we're going to do more than 2 loads of laundry a week!). + +We also factored in several other intangibles that don't have a price attached. Apartment B has a private entrance, meaning we get the added benefit of not having hallway noise, Apartment B is closer to both of our parent's houses and her best friend, Apartment B is also closer to a grocery store, gas station and several restaurants/fast food places. Plus, laundry in your own place is a billion times better than a shared laundry room!! Apartment A is also directly next the dreaded railroad I've been complaining about this entire time. + +**Conclusion** + +Factor in *all* costs when looking for a home (I've never bought a house, obviously, but I'm going to assume this holds true for home buying as well). A cheaper cost up front, with smaller expenses can add up to be more expensive than higher priced options. Those little expenses can close the gap between differently priced options real quickly. + +Please also remember, this is the place you'll be living. We would have chosen Apartment B even if it *had* come out slightly more expensive because of the added conveniences, and the 'gut' feelings we had walking into Apartment B. + +*I fully admit my math may be shaky, and there are probably a billion other factors that we didn't consider. This advice may or may not be applicable to others, but hopefully the general sentiment is helpful for some!* + +**tl;dr** Calculate all costs associated with any financial decision you make (housing, car, kids, pets, whatever). Small associated expenses can add up, and make the cheaper looking option equally or more expensive than the more expensive looking option. + +We just saw a cycle where useless dog coins ran up to 50 BN market cap and more. People were selling millions of dollar worth "profile pictures". Scams and hacks were a daily occurrence. The NFT space was and continues to be a perpetual clown show, lions, penguins, dogs, punk jpegs being sold for thousands of dollars. What even is this market. It puts every other bubble in history of mankind to shame. + + +If you wonder why the non-crypto crowd hates crypto and NFT viciously, it’s not an isolated incident or two, but a culmination of multiple events that are textbook examples of the worst capitalism has to offer. + +Earlier in 2021, when I saw hit pieces against crypto, I thought they were quite wrong and were attacking crypto as they missed out on the gains. But over time it's very clear that there is a lot of merit to the attacks on crypto. The entire space has become a circus of greed, scams, zero sum offerings where one is looking to profit from another. If you go to other reddit subs like r/technology, they are all spot on about crypto, the whole space is one big clown world detached from fundamentals. + +You dont even need to bring in energy consumption into this, even without it crypto is a market aggregating the worsts of the worst. Even now, there is little to no real world adoption of crypto, and instead you have a perpetual grifting scheme where people rush into new launches just to dump them at a higher value and profit off late entrants. Think 2017 cycle but on steroids with thousands of new coins. + +You have exchanges and other large players legitimising ponzi schemes by giving them attention and even running dog money competitions. You had large defi protocols add ponzi tokens as collateral. Guess what happens to that $100k loan that was taken out using OHM as collateral, when OHM itself crashes 80% in a matter of weeks. A culmination of all of these is cascading liquidations and steep corrections. + +You have coins with 50 BN FDV, where insiders hold 90% of the supply and retail buys these coins at the very top because they told to FOMOing into every coin that an exchange adds. In particular, what FTX and the whole scam Sam ecosystem they have encouraged is disgusting, if not downright criminal. Institutions and VCs got into these coins at cents to the dollar valuation, and exchanges added them at exorbitant valuations allowing the insiders to cash out handsomely within just weeks. Influencers and ponzi pumpers ran with “FDV is a meme” narrative so that they can encourage retail to pile into these scams. + + +If you were even a small sized fund in this space, your limited partners were all chasing for maximal returns and exchanges facilitated all of this greed, all of them except retail knew that the loose monetary policy wasn’t going to last, and it was time to make the most out of it. Ultimately it’s the retail user and the crypto as a whole itself that suffers. + +For a regular user of r/technology, he probably woudn't care that its Alameda Research or A16Z thats behind a lot of these worthless hype tokens, but his indictment would fall on crypto as a whole. The partner of a crypto VC fund gives zero fucks if crypto's reputation goes down the drain, he has made his millions and is happy collecting his share of profits. + +If you really believe in the tech and vision of crypto, you have every reason to be angry about what the space has turned into since the pandemic crash. It has been one relentless machine churning out scam after scam. + + +A bear market offers actual builders to work in peace building good products that the users needs, while removing all the baggage that comes with increasing prices and the vicious cycle of people looking to profit from one another, and heightened regulatory attention that grifters and scams bring to crypto as a whole. + +Crypto has a lot to offer the world, but only if the right products are built offering value to users. A ponzi farm and fork of a liquidity mining pool aint it, champ. +I've been asked by my brother to be a guarantor and in theory i could "afford" to cover his rent but would not be comfortable. Is there anything i can do to make sure that if he defaults etc then he will still legally owe me the money back or any other way to protect myself and family whilst still helping him? +https://preview.redd.it/xctwvijejtm61.png?width=960&format=png&auto=webp&s=bc3f82e8786d22fc44d00b6f9114ed282f2b44a1 + +[LINK ON TD FOR PEOPLE WHO DONT BELIEVE ME BECAUSE IM BEAUTIFUL](https://www.tdameritrade.com/td-ameritrade-trading-restrictions-stocks.page) + +[See my post on GME and other stocks from yesterday which was very successfully buried and received little attention.](https://www.reddit.com/r/wallstreetbets/comments/m35u61/memeageddon_judgement_day_witching_day_march_19th/) + +**Brokerages are starting to realize shorts are in BIG TROUBLE in $GME and $RKT.** + +So far $RKT shorts have been in COMPLETE CONTROL of this stock and it's price since they IPOd at $18 in 2020. + +In Feb 21 RKT BLASTED away earnings expectations and revenue with growth of 161%! Crazy amazing unexpected growth and profitability. The share price went from $19.90 to $21.85... LOL + +&#x200B; + +https://preview.redd.it/bwx447sfjtm61.png?width=594&format=png&auto=webp&s=e718f52e50d2819d41bc226f160d0f2d00562b8c + +Since then + +&#x200B; + +https://preview.redd.it/fbroivvgjtm61.png?width=2093&format=png&auto=webp&s=459319c3ad0b896088e1b73b0e1520543769a979 + +On March 1st and 2nd the shorts got side-lined by a bunch of WSB interest and the price spiked +71% to $43. + +RKT CEO says their share price at $43 is OK but they are still not being fairly valued to peers. (youtube links not allowed) + +So what do the shorts do? They DOUBLE DOWN as they always do! + +They unload millions of new shorts to attack the price: + +On March 4th they have dropped the price to $26.80. + +**This chart shows the available short shares to borrow and the fee. On March 4th there are ONLY 100,000 shares available and a HUGE BORROWING FEE OF 59%** + +&#x200B; + +https://preview.redd.it/rgtiqziljtm61.png?width=1243&format=png&auto=webp&s=3979f04d5b95acb8b0a097642ff84bbfe185e553 + +Data from here: [https://iborrowdesk.com/report/RKT](https://iborrowdesk.com/report/RKT) + +In the meantime paper-handed retail investors HAVE SOLD to this very obvious GME tactic once again and there are now more shorts available! These guys are so good at doubling down. + +[Market Watch calls Short Interest at 40% on Feb 26th. Since the price went up and they just shorted millions more shares you can bet your sweet bananas short interest is probably higher.](https://www.marketwatch.com/investing/stock/rkt) + +From a technical analysis POV the chart has 3 trailing support lines. In other words the price is very unlikely to dip below $23.50. Your downside is very minimal. + +&#x200B; + +https://preview.redd.it/ry9hxdfmjtm61.png?width=2118&format=png&auto=webp&s=2dff7ec2116f2f0de0bfdd5be0a7ae90f6318967 + +The morning of March 12th RKT was UP in pre-market. When the market opened there was huge volume and price drove down, killed the momentum and people thought they lost. + +During that same time MILLIONS of shorts were fired: + +&#x200B; + +https://preview.redd.it/q8yr8b5njtm61.png?width=387&format=png&auto=webp&s=d55b9cbcddae79869becb78017a1832a6b4dfeda + +Shares available went from 5.6M to 1.9M. Then retail SOLD.... You weak apes. + +The OPEN INTEREST for MARCH 19th OUT THE MONEY IS INSANE. + +&#x200B; + +https://preview.redd.it/6pu6cv0ojtm61.png?width=910&format=png&auto=webp&s=a945e90e1e0dfeeef8d416156dca3c3635a26c3e + +Check out the strike of $30 with 48,889 contracts. On a float of only 100,000,000 (a little bigger than gme) that represents 4,888,900 shares just there (usually MMs will buy 50% or so as it approaches ITM). + +In other words if this gets to $29 it will just keep going up until the highest strike - So above $65 likely. + +**That's about a 300% return from current price.** + +Also remember we have the DTCC new rule coming soon, we don't know the date yet but that's making the shorts piss their pants as they would have less liquidity to fight with. They really want to shake out all the retail money at the cheapest price THIS WEEK. + +&#x200B; + +https://preview.redd.it/qelq19cpjtm61.png?width=816&format=png&auto=webp&s=1177d9ce4e4baf2b65056ad52ef14f108b1c7da4 + +**TLDR:** + +RKT is one of the most manipulated prices since IPO. Despite amazing performance, surprise earnings, dividends and buyback announcements the stock has been held under $24. + +The stock is starting to be put on short-selling restricted lists which means shorts are over-risked and brokerages know this. + +RKT has a relatively small float with high short interest. It won't take a lot to light the match. The options interest for next week also allows for a big gamma squeeze if the price hits $29 for a sustained period. We're at $25... It's not a lot to ask for. + +Disclaimer: This is no financial advice. +I'm curious about an extrapolation say 1 year, 2 years, 5 years, 10 years and 50 years down the line. To quote Joe Nocera: "So much for moral hazard, because you can't let AIG fail." +Netflix enjoyed first mover advantage in the streaming wars. But here comes Disney with its century-long catalog of content competing with Netflix. + +Tesla is the first mover in electric cars. Which car company is the Disney to Netflix? Probably a company that has a really good brand, history of execution, and large manufacturing capabilities? + +I'm thinking Toyota, Honda, or Audi here. Thoughts? +The wife and I are looking to buy a place for her mother that will turn into a rental in the future. my wife ended up applying without me... both our car loans are on both our names and same with our first mortgage, my wife also has about 20 hard pulls in the last 24 months from churning... she ended up getting pre-approved for five times her salary, despite already having her name on 1.2 times her salary in martgage/auto debt... If she were to buy a house for the loan amount she was approved for, she would have over 6 times her salary in debt... granted, I work too, but I wasn't on the mortgage loan she applied for. Banks are clearly willing to overextend credit. + +Moral of the story: Just because you are pre-approved for an amount, doesn't mean you can afford that amount. +Note: I made this post a few days ago, before accidentally deleting it 20 minutes later because BaconReader's UI is annoying. Just wanted to repost it, so there would be a record of part 1 before I post parts 2, 3, and 4 in the future. + +**TL;DR: From Spendypants to Survival FI in 2.5 years, on track for fat FIRE in another 4.** + +## The Background + +As I try to prevent myself from discussing FI topics with my friends, I'd like to share a series of four posts with the community over time. I plan to make these posts every time I hit a big milestone. It's a bit of show and tell, but also a log of what I was thinking at each snapshot in time. + +Just for the record, I am aware that I come from a position of extreme privilege. I am a relatively-young, extremely quantitative, high-income Asian male working in the finance industry. I probably underweight the role that luck has influenced my journey. That being said, my path since college has been one of single-minded, relentless optimization to maximize my income. Since discovering FIRE, the objective function has evolved to maximize savings instead of just income. Nearly every decision made along my journey has been one that has been evaluated against my objective function, for better or for worse. That said, this is my journey so far. + +When I first started on the FIRE path, I set our four critical levels, based on levels of estimated expenditure: + +- Survival FI + - I would have a roof over my head, food, internet and a cellphone, but little else +- Lean FI + - I would have the basic necessities of life, a replacement used car every 5 years or so, a modest vacation a year. +- FIRE + - The first level I would be comfortable leaving the workforce. This includes $10k for vacations every year, a larger car budget, etc. +- Fat FIRE + - My ideal number before working the workforce. I doubled my car, food, housing and vacation budget. + +From my estimates of expenditure, I found the level of productive assets necessary to sustain the required income (using the 4% rule), then added the value of non-productive assets I have (equity value of my intended primary residence that my sister currently lives at) to form the net worth required. For added margin of safety, I added on the value of my locked in retirement fund assets to form safe net worth (They would form a buffer in case the safe withdrawal rate is lower than anticipated). These calculations resulted in four levels that can be seen from chart below. + +https://imgur.com/zaH4Tca + +I've been lucky enough to dig through all my tax returns since I turned 18, which gave me reasonable estimates of my income and expenses all through college until now. From that and various bank statements, I was able to get an idea of my net worth over time. You can see big inflection points in the growth of my net worth when I leave college and enter the workforce, then more recently when I decided to take FI more seriously. + +https://imgur.com/EShkEGV + +## It's FI Way or the Highway + +On New Years Day 2017, I started keeping much better track of my income and expenses, and created the first version of my budgeting worksheet. This led me to realize that despite my many pay raises, I was barely saving anything. I went ham on cost cutting and desperately looked to increase income. This was a very stressful year for multiple reasons: + +- To cut costs to the bone, I moved into a tiny dorm room +- I tried investing in a lot of alternative investments to try to boost my investment returns + - Remote student rental startup (We ended up making a bit of money, but it wasn't worth the stress and effort involved. I now know how much I value uninterrupted sleep. We unwound that a year later.) + - Private REIT (Still illiquid and still stuck in, although the returns have been impressive.) + - Crypto mining (Made my money back over the next two years, but it wasn't worth the stress and effort involved.) + +Frustrated with my situation, I knew I was significantly underpaid for my role and experience. I started interviewing for similar roles all across the street. It was an eight month drought, but when it rains, it pours. All of a sudden, with multiple job offers in hand, a three way bidding war developed, and I was able to double my base compensation, more than double my bonus, and move out of an investing role into a more fulfilling and less stressful role. + +My conclusion at the end of 2017 was twofold: + +1. I'm an absolutely terrible active investor for my own PA, and it causes me too much stress. (Odd, as I was in a career professionally managing external capital). Going forward, no more funky stuff - no more crypto, no more private investments, no more rental properties (Although I still had another preconstruction in the works to be delivered in 2019). The lesson learned was to set up a passive asset allocation and HODL. +1. It wasn't worth the time and effort to develop a side-gig, particularly when my main gig is very well remunerated. + +Moving into 2018, my sanity was starting to crack after living in a a room smaller than an standard American prison cell for most of a year, and I ended up moving into a slightly larger, but still tiny coliving (dorm room-like) space. It was inconveniently located with a fairly long commute, but there was a bunk bed, space for a desk, and my own washroom. What else could I want? Until the black mould started growing all over the walls and ceiling, it was paradise. Eventually, my health started to suffer, and completely fed up, I moved into a nice, new apartment costing almost three times as much. This slammed my savings rate, but the quality of life increased significantly. + +Life has been relatively quiet since then. I've manage to maintain discipline better this year, with less volatility in my savings rate. As of the first of the month (Nov 2019), I've hit my first milestone: Survival FI. Based on my countdown to FI, I estimate about 17 months until my next milestone at my current income and expenditure rates. + +https://imgur.com/t5ha8Z5 + +Just because everyone loves Sankeymatic diagrams: + +https://imgur.com/H0Tf5li +## So You Hit Survival FI. Now What? +Head down, breathing focused and counting down to my next dopamine hit. I expect to hit Lean FI in 17 months. In the meantime: + +- I'm trying to pay less attention to FI - it'll be fine. Most decisions are inconsequential at this point and move FI forward or back by a month or two. I find that I spent endless time working on my budgeting spreadsheet, or obsessing about money I spend. I hope that as I get closer and cross these FI levels, this mental anguish will fade into the background. +- I'm trying to pay less attention to the news. There are little genuinely interesting or enlightening news. Most of news is people talking about other people talking or tweeting and is inconsequential in the grand scheme of things. Bloomberg started detecting incognito mode and I don't have a good way around their paywall anymore. I've also learned that not reading Bloomberg has negligible impact on my life. +- I'm trying to go to the gym every day. The last few years have taken a toll on my health, and I'm not getting any younger. I can't slam weights like I used to, but I hope to get some yoga or cardio in every day. I really hate the lead-up to yoga, and I hate the yoga class itself, but I never regret going afterwards. +- I've deleted almost all social media. I got rid of Facebook over a year ago. I got rid of Instagram recently. The only thing I have left is LinkedIn, and once I reach FIRE, I expect that I'll delete that too. I have no regrets - I still hang out with my friends, and there's more for them to update me on now. I'm sure I missed some party invites on Facebook, and missed some details on which high school person married whom, but I figure that if my only contact to someone was through Facebook or Instagram, and I wouldn't reach out to them for a coffee or drink when I travel through town, they probably weren't that close a friend anyways. +- I'm struggling to figure out what to do after FIRE. Right now, I've moved halfway around the world, relentlessly optimizing to minimize my time to FIRE. I'm going to have a lot of time on my hands, if I'm not working a full-time job, and most of my social circle has a day job. In the ideal places for me to live, there is a much higher tax rate, and a much lower prevailing wage. This doesn't make full time employment an attractive option. I think I can do remote or part-time work, but that still leaves a lot of time on my hands. I've given some thought to board work, but not sure how to get started (If anyone knows good resources to look into, I'd be very interested in learning more). I'd like to spend more time snowboarding and chasing powder, but I imagine there's only so many days a year that I can hit the slopes. It would be easy for me to travel the world almost continuously solo, but I feel like a lot of these experiences are shallow and not meaningful when there's nobody to share them with. +- I've spent a lot of time reflecting on the things that are important to me, and the sacrifices that I'm choosing to make. I feel like questions around lifelong commitments have hit me really hard in the past little while. I've made really big sacrifices to move up my FI date and while I don't regret the decisions I've made, I've accepted that some life experiences will be inevitably delayed (like partnership and marriage) or extremely difficult without compromising on FI (children). On one hand, I see some of my friends getting married, having children, and I envy them, knowing that they can raise their children while they're still young and active and in the peak of health. On the other hand, I believe that raising children while not having to work full-time, without money stress, and having all the time in the world to spend with them also has its merits. +My current employer (one of the big 4 banks), does not allow team leaders to be a reference for employment outside of the organisation which my team leader is abiding by. I am currently going through the interview process at another bank and they strongly suggest having a current direct team leader. My question is whether I should fake a reference using a colleague who's willing to do it or use team leaders from previous employment which was about 5 years ago. +My wife and I are looking to buy and trying to work out how far to stretch. + +We can in a fortunate position to be able to get what we “need” for half the amount that the banks are willing to lend (according to the websites) so we are wandering if it would be wiser to stretch ourselves and get something that might meet our potential needs for the longer term future …. + +What multiple of your combined household income is the norm ? +Spreadsheet w/ calculations here - [https://imgur.com/a/NDLwyDB](https://imgur.com/a/NDLwyDB) + +First, I understand there are MANY assumptions here, but I did try to estimate on the conservative side. I factored for rent increases at 4.5% per year, property value increasing at 5.5% per year, and property tax increasing at 2.5% per year. + +Equity in my current house is $345k w/ a market value of $575k ($230k left on mortgage) + +New house is $600k and will put down 20% minimum ($120k). + +Liquid cash = $40k (+ 60k equities that can be quickly liquidated if needed) + +The original plan was to sell the old house and roll $140K into the new one and use the remainder to invest in equities. Now, given how hot the Austin housing market has been and the great location of our current property (5 minutes from downtown w/ private rooftop deck w/ downtown views) I am wondering if it might make sense to keep this house, pull out $120K via HELOC for the new home down payment, and rent this place out for another 8 years (to 2030). The house was built in 2018 so it would be 12 years old by that time and likely need HVAC replacement etc. before selling. + +Running the #'s for what I could rent this house for it would just barely break even in the first 3-years, and then from years 3 through 8 it would slowly build profitability, factoring for rent increase of 4.5% per year. I used an assumption of 5.5% property value growth year over year and estimated that my beginning equity in the house would be $220K (with the HELOC added onto the existing 230K mortgage) and by year 8 it would be roughly $600k. **I am anticipating inflation running a bit hotter than usual for 2022 through 2025 (3% to 4% per year), especially if Biden's $4T infrastructure plan passes, hence why I am more enticed than usual to load up more heavily on debt.** +Hi everyone, + +I’m trying to get into real estate investing and I’ve done my research but a question came up in my head I was wondering about. I’ve never bought a home, can you buy a multi family home with an FHA loan and get first time home buyers perks? Such as no down payment. + +Thanks! +Curious what people look for in identifying up and coming neighborhoods. + +&#x200B; + +Mine are: + +* Cars parked on the street (how nice are they, how new are they). +* Lots of Artists. +* Declining crime, +* New transportation options, +* New construction (not the building itself but notice of permit with a big hole in the ground). +Anyone actually buying anything in this crazy market? I'm looking at single family houses in the suburban NYC metro area market. I've been bumped out of attorney review twice now. Each time the attorney asked if I wanted to come up on the offer, but I refused because a seller who shows and takes another offer while in attorney review will try to fish for a bidding war. Wondering if anyone else is dealing with this nonsense. +[Interesting article](https://www.racked.com/2017/11/29/16710502/affirm-loan-shopping) discussing the company "Affirm". + + +Founded by the former CTO of PayPal, this company has raised half a billion dollars from investors and offers a new way to pay for your shopping. + + +I think it is worth discussing the dangers of using this kind of financing. Feels to me that this type of service will incent people to buy material goods beyond their means, and fall into a vicious cycle of high-interest loans. + + +> The installment loans, made at 10–30 percent annual percentage rates, or APR, and averaging $750 according to the company, are offered for everything from mattresses and plane tickets to motorized skateboards and coding classes to $500 boots and $200 limited-edition denim. + + +>For merchants, Affirm provides exceptional benefits, increasing average order values across the board; perhaps not surprisingly, people will shop more, and more often, when they don’t immediately feel the costs. And for many customers, including Jocelyn, the predictable, convenient payments are worth the higher interest rates. + + +> Affirm customers have an average of 2.2 loans with the company, while some shoppers have upward of 50 at a time. +Is anyone seriously looking at precious metals as a safe investment if the macro situation continues to go tits up? Also curious to know what you fine folks think about novelty investment vehicles like fine art and jewelry as hedging instruments. + + +There seems to be an increasing demand across retail investor bases for alternative investment areas like art, equity crowdfunding, reits, etc. Still learning about the micro-economics, advantages and disadvantages on some of these areas. +The paid shilling is getting out of control here. Anything calling out the shills is downvoted too (like I expect this post will be). + +After getting tipped off on a few things to look out for (i.e. no posts for years, then they start shilling shitcoins out of nowhere), I started keeping track of all the suspicious accounts I've found so I can tag and ignore them. There's nothing wrong with shilling something you legitimately believe in, but we all know that 99% of the time the paid shills are just reading off a script and trying to get somebody's coins pumped before the rug pull. + +Would you guys be interested in having something like a Google Sheets spreadsheet shared once the database in larger? I want to gauge interest because if nobody cares I can just tag them in my own RES and be done with it on my end. + +I feel like if we all know the accounts to ignore, it'll make the shills have a harder time ruining this place. Having to find a new donor account for every single coin is going to grind their operations to a halt eventually. + +What do you guys think? [Here's a preview of the doc.](https://i.imgur.com/eN8Um4D.png) I blurred the names out in case this is against the rules for some reason (even though I'm pretty sure what they're doing is against the rules) + +EDIT: A few people pointed out that I can't prove 100% who are paid and they're right. A strong suspicion isn't enough, and I should have said "bad actors". Some of these people are getting posts from from devs on telegram and pasting them here for free because they're bagholders. +My eventually goal is to bring an algo live and have it trade on IB. It's my understanding that you can use the Quantopian language on Zipline-live and connect it to IB to do live trading. I am also aware that Quantconnect supports live trading already. So my question is, which platform would you recommend? Is one platform necessarily better? Does one platform have better or more data to backtest on? If it makes a difference, I want to develop an algo using python. +For those who don’t know, QuantConnect is an algorithmic trading platform like Quantopian. + +QuantConnect is currently raising money through crowdfunding. If you have any experience with this platform from an end-user standpoint, what’s your outlook of the product and would you invest in it? + +From my understanding, Hedge funds that leverage the Alpha Streams API search for algorithms that fit their specific criteria and license them for a monthly fee. Quants earn 70% of these fees, which can run anywhere from $100 to $30,000. + +They have around 210000 active users from my understanding so I’m sure at least a few are lurking here. + +NOTE: Any additional information would be helpful. + +RESPONSE: THANK YOU EVERYONE FOR PARTICIPATING, YOUR INPUT HAS BEEN EXTREMELY HELPFUL, PLEASE FEEL FREE TO DROP MORE INFO SO ALL OF US CAN MAKE EDUCATED DECISIONS +The Delta variant is not a threat: + +1. Texas, Florida, Missouri and Arkansas account for 60% of new cases. These states will not shut down. They will let the delta variant run wild. Those governors do not care. It won't affect business, unless businesses voluntarily choose to close. In some cases, it may motivate more people to get the vaccine. The vaccination rate is much higher in the NE, West Coast and in major cities. The delta variant will have less impact on these areas than it will in rural areas. + +2. Vaccinated people who get the variant don't end up going to the hospital or die at the same rates as those without the vaccine. Vaccinated people are getting minor symptoms. Almost all hospitalizations and deaths are coming from unvaccinated. + +3. The CDC believes that 4.6 times as many people have had the virus and not tested for it than have tested for it. This means presumably that these people who had the virus and didn't get tested were not sick enough to get tested. JPMorgan thinks that about 70-75% of people have either had the virus or had the vaccine or both. So while it is a little surprising that the Delta variant is picking up steam, it probably will begin to peak much sooner than pervious waves simply because more people have been exposed to the virus than with previous waves. + +4. Hospital workers are vaccinated at a higher rate than the public. One of the biggest reasons for the shutdowns was to protect our front line health care workers. This can no longer be used as an excuse. + +5. The public will not stand for another round of shutdowns. It's not our fault some people don't want to get vaccinated. + +Fundamentals and valuation: + +1. Markets are not good at self correcting based on valuation alone. Markets use data points to determine valuation and most data points coming in now suggest a continued bull market. Strong earnings, favorable monetary policy, continued QE until at least the beginning or middle of 2022, few competing alternative investments, clear evidence of transitory inflation, and a rebounding economy that will not shut down all suggest this bull market will continue to go higher. While there may be some profit taking and rebalancing that could lead to a minor correction of 5-10%, the markets will probably re-inflate to the same or higher levels unless there is new data points that suggest the fundamentals are becoming negative. + +2. We are in an upside down market: any bad news is actually good news. This is because any variant threats actually lower the Fed's desire to begin tapering. The longer the Fed runs its QE program, the higher stocks will go. + +3. A major sell-off this close to the last is really unprecedented. There is actually more precedent that stocks will become extremely overvalued than there is precedent that there will be another sell-off this close to the last. + +4. Major market sell-offs almost always precede or coincide with a recession. Right now, there is not any evidence to suggest another recession is around the corner. And if there was, the Fed and the democratically controlled government would step up with more QE and another round of fiscal stimulus which would drive equity markets higher. + +5. How much higher can the market go? The S&P 500 is trading at a forward PE ratio of about 21.5x. Prior to the pandemic, it was trading at close to 18.7x. It's about 15% higher. I think that is easily justifiable based on the more favorable monetary climate alone. For comparison, the CRB commodities index is about 20-25% higher than pre-pandemic. Historically, investors have been willing to pay as much as 25x forward earnings for the S&P 500. So it's possible the market may test that level in the near future, so that would be a 16% run-up in prices. This compares very favorably to the downside risk, which I believe is probably somewhere near 5-10%, which are historically normal amounts for the market corrections. And remember, timing the market underperforms time in the markets, so most of the time, it's better to hold than sell. +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 “real job”, $17,000 in the money market, and another $10,000 in savings/checkings...so I know how to save money but I don’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, I’m finishing my Master’s since it’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 don’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.marketwatch.com/story/microsoft-raises-dividend-by-about-10-2020-09-15?siteid=yhoof2&yptr=yahoo + +Microsoft Corp. MSFT, +1.64% announced it will raise its dividend about 10% Tuesday, to 56 cents a share from 51 cents a share. + +Shares have returned 33.4% so far in 2020, while the S&P 500 index SPX, +0.52% has returned 6.2%. + +Thanks for the awards. +January of 2014 I freaked out. I was past due on my car payment and credit cards. I was making minimums on everything (despite making a very good salary). and constantly broke. I had about $2,000 in my savings+checking accounts combined. My credit score had tanked to 580. I was sitting around 85% CC utilization. I was at my wits end. I'd started avoiding opening bills, looking at statements (or even my bank account balances) out of fear. I did not answer calls from unknown numbers, because while my iPhone didn't know who was calling, I sure did. I was not in control. + +I got my shit in order. Things had to change. I put myself on a budget, added all my accounts to Mint, and began using the spare money at the end of each month to pay off credit cards instead of blowing it on something I wouldn't care about the next day. Meals were prepped at home and taken to work, happy hours were cut down to a beer or two (and no more rounds on me), and it became almost a game; how much money can I shove into debt and savings this month? + + +Today, just over one year later, everything is current. I'm at 27% utilization on my cards. I have a safety net of $12,000 in my savings account. My credit score, as of this morning, is 696. Four of my credit cards have auto-increased my limits. On top of that, I managed to take a vacation to Hawaii for 5 days, paying entirely in cash (no longer will I be a slave to credit cards - I use them responsibly for their rewards, pay them in full, and everything else gets paid in cash). Yes, my credit snafus are still on my report. They are falling off one by one. This will take time, but the process is in motion. + +The purpose of this post is not as a humblebrag, but to tell you ignoring the source of your financial woes does not help. It hurts. Get your budget in order, face this thing head-on, and in a year you can make huge strides. Start today. +**I know compromises aren't popular here, but hear me out.** + +The miners state that they only want the 2mb hard fork as agreed by Core and miners in the HKA 20 months ago ([source](https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff)). If they get that, they're content leaving Core in control of the repo. + +The most compelling argument against the 2mb HF is that it's an untested and dangerous HF. Totally understandable. + +**Can Core and Miners agree to postpone the HF until Core can write their own 2mb code and properly test it?** + +Set a HF deadline, such as 12 months. This will give the Miners larger blocks, and it will give all of us a much safer hard fork. + +I know a lot of us won't want to compromise. It's become a dirty in this community, and especially in this sub. We make threats with UASF and call ourselves heros. When the miners make a similar threat, they're labeled terrorists, and therefore, we shouldn't negotiate with them. + +**The miners aren't terrorists.** They are leveraging their strength for personal gain. That's the Libertarian way. That's the free market philosophy. Besides, they were already promised 2mb blocks during the HKA. Putting myself in their shoes, I can understand their disposition. + +**Miners have a financial interest in Bitcoin's success.** They are on our side. However, there are powerful groups who want Bitcoin to fail. We have people on both sides of this debate who demand the HF and argue adamantly against any compromise, and I have little doubt that some of these are agent provocateurs. Compromise is a good thing. + +# What have we to gain by a compromise? + +* 2mb blocks. This would improve bitcoin confirmation times and lower network fees. Segwit helps; Segwit + 2mb would help much more. +* Avoid the contentious hard fork. Some of us think the fork won't affect "Bitcoin." That's naive. If the miners stop mining the Core bitcoin, transactions will take weeks to confirm. Businesses will move to competing coins, and users will follow. Bitcoin may never recover in terms of public image, user adoption, or market share. + +# What have we to lose by a compromise? + +* 2mb blocks. This would increase the network and storage requirements for nods as well as lower network fees which will result in more spam. +* A psychological/pride loss for negotiating with a group who we are in disagreement. We've labeled this group as terrorists to dehumanize them, and that makes it all the more difficult to reach across the table to shake their hand. + +# We're treating Bitcoin like a religion. + +In a religion, there is no allowance for compromise. Our community is ripping apart over an argument about a number changing from 1 to 2. I'm oversimplifying, I know, but I do it to prove a point. Bitcoin isn't sacred. We shouldn't be treating this like a religion. We shouldn't be arguing about what Satoshi wanted or intended. Satoshi isn't Jesus. + +# We should be treating it like a business. + +Miners are workers. They are providing a service and we pay them for it. The Miners want to negotiate a change in working conditions. If they go on strike, they will lose money, but so will we. It will take weeks to train scabs to do the work. If the strike takes too long, we will lose customers, possibly permanently. The price of their demands are insignificant compared to the cost of weeks of lost business, and if they get improved working conditions, production will increase while costs decrease. + +**Let's negotiate with the workers.** Core writes the 2mb HF update and tests it. S2x Miners give Core enough time to write the update and test it properly. Everyone wins. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +United Airlines claims to offer more US-China flights than any other airline. Chinese social media is up in arms about the incident, claiming it was racist discrimination - American media now reporting that the man who was removed said he thought it was because he was Chinese. Now, media is reporting that the UAL CEO doubled down and called the man "immature" - this right here turning into a whole new controversy. + +Give it a couple weeks, see if other airlines, especially those servicing China, start ad campaigns based more around quality of service and comfort than previous campaigns - this will be the signal of really serious trouble for UAL. + +So put time? + +Edit: Yo what the fuck. Get this flair off here. +[WSJ Article](https://www.wsj.com/articles/apple-in-advanced-talks-to-buy-intels-smartphone-modem-chip-business-11563830356?mod=breakingnews) + +&#x200B; + +>A deal, covering a portfolio of patents and staff valued at $1 billion or more, could be reached in the next week, the people said—assuming the talks don’t fall apart. +About 250 flights are expected to be canceled this morning as the carrier works to reset its operation and get crews, aircraft and other elements in place. "This will obviously mean a financial burden on Delta ," said Mark Martin, founder of Martin Consulting. 250 flights Tuesday morning +So last week there was a lot of people who wanted an update once my teeth were fixed. Through a not entirely painful process, and thanks to a Redditor who wishes to stay anonymous, I could afford to have my front teeth fixed. + +[Originally I posted a few weeks ago I posted a thanks for the advice Redditors gave me to get my life back on track](http://www.reddit.com/r/personalfinance/comments/2grkaw/a_few_days_ago_suicide_actually_seemed_like_a/). I had been very depressed over the past few months and entirely without a clue with how to tackle anything. + +While I'm still in debt, jobless, and still have ways to go I'm now at least a tiny bit prettier. + +[So here's my smile.](http://i.imgur.com/ei7Semh.jpg) + +While I'm not going to be winning any prizes with it just yet it has done wonders for my self confidence and as I've stop lisping through the gap I don't sound as ridiculous too. I haven't stood in straight in months. But now I can walk and feel slightly good about myself. + +It's been a journey /r/personalfinance and the support you guys have given me has been phenomenal and to be honest feels a little under deserved. But I'm incredibly grateful to have people like you keep me bolstered and on track. + +I'm done with drinks, drugs, and I now have a normal schedule coming on. Thanks to the suggestion of one lovely redditor I'm doing a little bit of volunteer work too. It's not much but having a goal and something constructive to do has been great for my self worth. + +It seems unreal that I considered ending my life over this now and I really have nothing but thanks for those of you who gave me some great advice and direction when I first approached Reddit as I was pretty dead set on just stepping out onto the tracks and being done with it all. The stress was beyond overwhelming and waking up in fear on whether I was going to be evicted was driving me insane. Every knock on the door, every phone call, every bit of outside contact with the world terrified me. Losing some teeth after being attacked, losing contact with friends as I didn't want to admit to them the hole I was in and wanted to save what little face I had. Taking random drugs from strangers out and about and breaking up with my girlfriend because she didn't want to be with the walking disaster that I was. + +But that almost feels like another lifetime away. It's only been a month ago but everything feels a lot more positive. So thanks Reddit. You're amazing. + +TL;DR: [I have teeth now, look!](http://i.imgur.com/ei7Semh.jpg) + +Edit: If you know of any jobs going in London for a geeky loveable scamp please PM me! Sick of being unemployed and broke with no purpose. +Where is the hysterical outrage from the Reddit armchair warriors over their darling Polygon, who despite being a fistful of servers on AWS just suffered half a day's outage? Quote from the devs: + +"We suspect there may have been a bug in the upgrade which affected consensus and caused different Heimdall validators to be on different versions of the chain, thereby not reaching 2/3 consensus.” + +Had this been Solana, this sub would be unusable for a week as people reposted the same story eleven ways from Sunday, recalling ancient tales from their nippled pens, heaving throws of centralization claims like a tile of dessicated otters festering in a Colombian brothel balcony + +Go smell the Ethereum L2 limitations, for the downtime has now shown to be not that different than Solana trying to build an L1 that can run at Internet speed + +Or as we say in Thailand, "same same, but different" +Hello Superstonk! + +It's me Gherkinit doing another Technical Analysis for this coming trading week. + +Normally I do a bit of a deep dive on a subject after my technical DD however as a family emergency has taken me away for the weekend I have to write this weeks DD on hotel computer. So I will just be covering the basics. + +I will return tomorrow, at 9am EST, for my [Livestream](https://www.youtube.com/c/PickleFinancial). + +So let's jump into it. + +# Technical Indicators + +**Part A: The "Hedges are Fuk" Pattern** + +So over the last 3 weeks GME seems to be forming a fairly consistent pattern that I believe has to do with a combination of low IV on the options chain and the desire of the Market Makers to keep us at or near Max Pain. As many of you who have read my previous DD's are aware I have a working theory on why short pressure has been decreasing of the last couple weeks since the end of the big bull pennant we were looking at (more info in my previous DD's on short inflation). Anyway I believe this pattern that is emerging is tied to that as well. + +[Here is the pattern of consistently ascending bull flags on 4h timescale. This weeks prediction shown as the dashed bull flag.](https://preview.redd.it/48km0zyyzx071.png?width=1182&format=png&auto=webp&s=06f780c29a193a57632edf61fa9c1cc48712b7ad) + +Each of these appears to have increased range. This last week GME was heavily shorted on the back of the unstable market action which provided an opportunity to drive the price lower than shorting alone. Ultimately, it failed as GME broke out to the upside on Friday ending our second week in a row above max pain. I anticipate with some certainty a run-up tomorrow or Tuesday and then more consolidation throughout the rest of the week. + +I do think MMs and SHFs are aware of this pattern, I expect they will try to break the cycle again this week. Any overall market instability will provide them with an opportunity to attempt to drive us down out of this pattern. + +**Part B: MACD** + +The MACD has crossed over to the upside as predicted last week and looks to be expanding as it diverges. This should continue giving GME the impetus for Monday or Tuesday's climb. + +[MACD on the 1D timescale](https://preview.redd.it/cp8md4iw1y071.png?width=942&format=png&auto=webp&s=a2e19422cc7cb2c63a340052703fd4bd7ecdd2f8) + +**PART C: TTM and BBKC Squeeze** + +BB KC is still running in the same channel as we have not yet seen the volume and volatility we are expecting. TTM is no sitting on 17 fire signals. I will say that when this finally blows it is going to be huge as this amount of consolidation is signaling a unbelievably large move to the upside. + +[BBKC and TTM Squeeze on the 1D Timescale](https://preview.redd.it/l95a3ula3y071.png?width=748&format=png&auto=webp&s=c2207111509d0ca6e6b066c3a4bbea239946e372) + +So those are the indicators for the week + +One other thing I wanted to touch on we saw pretty significant price action after crypto tanked last week and I have no reason to think we shouldn't to see it again. If the prevailing theories are true and hedges are dumping crypto to maintain sufficient liquidity. + +The market continues to consolidate on or around it's 50 day moving average. This unstable action general precedes a correction or a crash. + +[SPY ETF on the 1D timescale. 50D MA\(Green\) 200D MA\(Purple\)](https://preview.redd.it/vh8b4b325y071.png?width=1166&format=png&auto=webp&s=6ab5294f22f499a66035bd5a3e9d53d617c3b534) + +Additionally the the TTT which tracks US 20Y Treasury Bonds is starting to behave similarly as a consolidation pattern plays out on it 50D MA and the short interest in the bond market. Since last weeks open the U.S. 10 Year Treasury yield is up six basis points, and the U.S. 30 Year Treasury yield is up five basis points. + +[TTT on the 1D timescale](https://preview.redd.it/iw4m0udw8y071.png?width=1169&format=png&auto=webp&s=884548f4c2319012fce516ebd4ef4438c75ea181) + +# Conclusion + +That's all for this week I will be getting a video DD out over on my YouTube channel for those of you that prefer that format. I think we will see upwards action Monday or Tuesday as the pattern predicts as liquidity from crypto flows back into the market. + +As long as things remain stable + +If however the market comes down or corrects to it's 200D MA we may see a fairly significant drop in price as SHFs take advantage of that opportunity. So going into this week I will be pretty bullish on early Monday options but will be looking to unload them sometime on Monday or Tuesday. Expecting a dip, I plan to use those profits to pick up further dated contracts during the midweek dip while IV remains low. + +*Edit 1: This is strictly here for people that are interested in GME derivates I am busy with things this weekend and was attempt to cover my usual options questions stream by answering the common question now. I do not advise playing with options they present a great deal of risk. This is my day job and watching a YouTube video does not adequately prepare you for buying and selling leveraged positions. All proceeds from my options go to buying more GME stock and paying my own COL. These trades in no way negatively impact the share price of the stock unlike day-trading shares. I hope this clears any confusion. I'm getting on a plane now and will answer any question after I land.* + +As always be prepared as a FOMO breakout can happen at anytime on this stock. BBKC and TTM indicate that could be sometime soon. I still affirm that we are in the ascent stage of the MOASS ([Refer to previous exit DD](https://www.reddit.com/r/Superstonk/comments/n3izjq/another_technical_coloring_book_and_a_note_on/)) + +As always see you all bright and early for the Live Charting and the stream. Thank you. + +\- Gherkinit + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I'm 26, only started a salaried job this past September out of grad school, and I currently have about $18,000 in student loan debt (it was originally double that but I managed to pay some off while in grad school). I'm really proud of this and I just wanted to share. + +Edit: Sorry if it came off "braggish". With so many people tight on money, it's hard to celebrate that you have money. + +It was mostly done using micro savings from my checking account to my savings account. My bank allows me to set a goal to work towards, and then figures out how much to take out every day. I also have my paycheck deposited into my savings, and only transfer over what I need for the next two weeks (I get paid every two weeks). + +In addition I budget my expenses and watch my finances like a hawk. +[Original post](https://old.reddit.com/r/personalfinance/comments/8qx7g4/drunk_driver_hit_a_power_pole_outside_our/) + +About 3 days after this post I finally got the accident report. Apparently the driver wasn't drunk, just reckless. Regardless, I filed a claim with my utility company and supplied the police report. I did not file anything with the driver's insurance because I know they'd just deny it and say they couldn't prove that was the cause without hiring an expert to back up that claim, so I figured it would go two ways: + +1. File with the utility company, who then denies my claim thus blaming the driver. I would then ask for something in writing saying it's the driver's fault, then file a claim with the driver's insurance. + +2. File with the utility company and it gets approved. + +After almost a month of waiting for the utilities adjuster to investigate a claim, today they agreed to fully reimburse me. + +I'd like to thank everyone who helped out, especially a few members of the highway patrol who tried to get the report to me without waiting for the DMV. +This recent ASX crash has got me thinking about dippin my toes in again. Have had a shocking track record in the past following my friends advice (bad) and reddits advice (horrendously bad). So this time I set out to try and find information for myself, unfortunately I don't know shit about fuck when it comes to finance. I am effectively reading some randos tips and I have no idea whether they're a shill or they're just putting legit random tickers out there. Realise this isn't a tutoring forum but is there some basic way I can tell which sources are less full of shit than others. Please heave any/all advice and abuse ya got at me +I've been wanting to start a discussion about this for a while because the amount of dumbfuck autists in BRN in seriously concerning. + +If the people thinking that today was a poor update or lacking 'something special' actually listened to the presentation or looked for two minutes, you would see that Louis DiNardo literally mentioned 100 NDAs and 25 Early Access Program participants. Yeah they could use a marketing firm on retainer but fuck me look at the substance. + +Does anyone else have half a brain as is also as pumped for this company as I am. +This recent ASX crash has got me thinking about dippin my toes in again. Have had a shocking track record in the past following my friends advice (bad) and reddits advice (horrendously bad). So this time I set out to try and find information for myself, unfortunately I don't know shit about fuck when it comes to finance. I am effectively reading some randos tips and I have no idea whether they're a shill or they're just putting legit random tickers out there. Realise this isn't a tutoring forum but is there some basic way I can tell which sources are less full of shit than others. Please heave any/all advice and abuse ya got at me +Serious discussion - + +Based on latest figures available, how is zip performing vs afterpay? In terms of users and transactions processed + +Yes, there's the amazon deal. But it's only Australia specific. + +Besides, the warrants given to Amazon are really playing with my perception of the stock. Amazon can exercise the warrants at a strike price of 4.7 + +However, I don't expect a strategic investor to flood the market for short term gains and bring the price down. So maybe the strike price doesn't matter to the value of the stock, in this case. + +Any thoughts? +I only own stocks I’ve read about on this subreddit (RIP me), and now I’m trying to come up with a game plan. Better late than never, I hope. + +If you own them, what are your target prices for LKE, LRS, NVX, PLS, 4DS and MX1? + +I keep reading $0.60 for LKE on Twitter. + +Yes, I plan on learning how to actually do my own DD and work this out on my own, but I don’t want to lose my money in the meantime, seeing as I already bought them. +Despite mad fluctuations in tech, TNT is still holding strong. Just crystal balling but I’m very confident with this stock as there wasn’t a drop during the huge sell-off. I’m very tempted to drop another grand in to pump the tyres. +I was taking a look at CLNE and want to catch it if it spikes up $2-3. + +I bought 1 CLNE $8 Call 6/18 Limit Price $1.85 + +And 1 CLNE $7 Call 6/18 Limit Price $2.60 + +From my very limited understanding I should be profitable (is that called “in the money”?) if it goes up to 9.85 and 9.60 respectively. I’m hoping for it to hit $11.00+ + +Also, how is the option affected when each day passes toward the chosen date that the stock does not reach those break even marks? + + + +Thanks in advance. +How far in your forex career did you have that huzzah moment? The moment you found a strategy that worked for you and you’re psychology was ready for you to become a profitable trader. I know this just doesn’t happen in a single moment. But what point did you realize that you finally made your way to become a profitable trader? +I was just wondering if trading on the lower time frames is better for a smaller account or should I stick with the daily charts? By small I mean $1000. This is just a demo account. +Whenever I see somebody as an analyst or consultant that works for a bank or financial firm, I always wonder, why don't they trade by themselves? They are good enough to be hired by a company, or allowed to manage a hedge fund (however big it may be). Does anybody know? +On r/daytrading everyone is so against forex claims it’s rigged, way too risky. 100% fail rate etc. I want to day trade as a career, NOT looking to get rich quick just want to make a decent living. I wanted to know is it possible? Is it possible to make £500 or so a day, and be successful. If I ask anywhere else all I hear is that forex is a scam and only banks are profitable. +I started trading in January 2019 with a 500$ account. Since then i have been trading with micro lots only. Nothing more than 0.02 / 0.03 lots. + +In the mid 2019 my account reached 800$ a bit of beginner's luck i would say, but by the late 2019 my account got reduced to 350$ due to errors in my trading plan then i regained my capital and even made a profit to get my account to 750$. + +I open my trades based on trendlines, support and resistance and basic trend trading. No fancy indicators. + +I employ SLs almost 50% of the times since my position sizes are quite small it gives me time to act and close the trades if they are not going my way. + +Recently i have decided that it if i am losing 10 to 12$ on a trade i cut my losses, close it out and dont wait for it to bounce back. Based on my experience, whenever i have left the losing positions open for a longer duration i have incurred more losses. + +So my question is should start increasing my position sizes. If yes then i should increase my how much? + +I do realize i will have to have a SL in place since i will be risking more than usual. + +Would appreciate any comments on my trading history and experience. +Im new to the trading world, still learning. And I'm learning that there are alot of courses, lots of gurus. Tons of strategies and robots. +Kindly point me in the right direction, I've been seeing a lot of ICT in the forums Some Btmm. Where should I start? Im overwhelmed. +For as long as I've been trading on my own (nothing but observation and risk management), I've never understood one thing about Forex. When you go long, you do so with a set pair of currencies, for example EUR/USD. If one currency (the first I presume) earns more value than the other, then you see profit, if not, you see loss. Simple. + +My question is: why is the pair set from the get go? Sometimes E/U will be going down but E/JPY will be going up, but I can't go short on the one that's beneficial because I've already married the former. I'm sure there's a perfectly good explanation, which would be...? +I am up an insane grand total of (Drum Roll)..... + + + +1%! + + +LOL. Yeah I made a lot of dumb mistakes this past first month. And I ended up learning some valuable lessons the hard way. I had three great trades but a lot of bad ones and with that said I pretty much broke even with real money. I got emotional and made some pretty stupid trades. Then I stepped back and tweaked my plan and was able to self correct. All in all I am much more confident and know that I will be a successful trader. The bottom line is that I learned things that I could never have learned had it been a demo account. I know it sounds weird but it is true. I am having a great time and really enjoy trading. Thanks for all the support everyone! +Hi everyone. I have a stable security job at the moment. I have no savings, no retirement fund, no 401k, no stocks (don't understand how they work). I need help or resources. I'm turning 30 in 4 months and I have worked for 12 years with next to nothing to show for it. I have no higher schooling or high debt. I have a 2012 Honda that I'm upside down in. Pre-Pandemic it was worth $4000. I still owe 6700$ on the car. It's reliable and gets me around. My car is the only major debt that I currently have. + +What should I do? I don't want to end up like my grandma. A caregiver for 53 years, with no retirement or 401k. She only earns 1.1k a month on social security disability, unable to work. I don't want to end up like her. I take care of her a lot, most of my money ends up paying for stuff for her, getting her things she needs, etc. I cannot end up like her because she's been in a lot severe depression for many years due to finances. + +What can I do or what resources can I get to save enough for a retirement fund, or a 401k, or a Roth IRA, to ensure I have a future? + +Thank you. + +Please keep comments respectful. I'm trying to learn here. My parents never taught money management or anything. I'm learning from YouTube many days just to be able to get by. +I haven’t been in crypto for very long. Started working at a crypto mining farm in Jan 2018 and it changed my life. + +My employers asked if I was cool getting paid in bitcoin. At the time, my answer was “As long as I can sell it into Ringgit Malaysia (fiat)”. Got paid around $1k+ monthly - remembered receiving about 0.2 bitcoin monthly. One day, I didnt have to sell all of it because I already have more than enough fiat. So i figured meh Ill just save it for later. That’s when it happened. Bitcoin went up 20% from $3k+ to $4.2k and so did my salary. Kept going up and i kept hodling. + +Employers turned out to be greedy dicks and changed their minds towards the end - “we are not paying you in precious BTC anymore”. But my love for crypto remains. + +I was let go shortly after without any compensation and notice after I helped them move their operation to the US where the electricity is a lot lower. Struggled to make ends meet for a little while but doing odd jobs and investing in bitcoin mining got me going. Managed to feed my wife and kid. + +I reinvested mining profits into more machines all around the world with hosting, cloud contracts, and the returns kept compounding. + +Ive never told anyone I have bitcoin except for my wife. I am happily retired at 30 in a country where $200 is a family’s monthly grocery. For most of the time, I just spend time with my kid and wife who works from home. And to think I owe this lifestyle all to those tiny tiny bitcoins I saved up 3 years ago. HODL friends. To the moon we go! +**EDIT: Wife spoke with boss, who confirmed they don't deduct for benefits on 3rd paychecks. This issue is resolved. Thank you everyone for your advice and pointing out this method of payroll!** + +Disclaimer: wife's job, not mine. + +TL;DR: Wife's boss overcharging employees for benefits. Justifying it with provably incorrect calculations. Small biz = no HR/Payroll to bring concerns to. Employer possibly keeping the difference. + +My wife noticed that the amount being deducted from her paystub was higher than the amount listed per-paycheck on her plan enrollment forms. She contacted her boss (I believe there's no HR, he uses ADP), but he insisted his numbers were correct. After asking him to show his work, we discovered that he's receiving a monthly benefit statement from the provider, and dividing the employee contribution by 2. + +Problem there is he pays his employees biweekly, not twice a month, so he's splitting the annual cost across 24 pay periods instead of 26, which will result in charging an extra month's worth of benefits by EOY. He justified the difference in amounts by saying the enrollment form amounts were just an estimate, but that's provably incorrect. + +Her boss has access to the same information she has, so I doubt the math alone would convince him of his mistake, since by he believes his calculations are accurate and the plan documentation is wrong. Are there any EOY documents that she'll receive to prove the discrepancy between the plan's cost and how much was deducted from her paycheck? + +Bonus Round: Her boss has been in private practice for years and is likely making the same mistake on everyone's paycheck. I imagine it would've come up in his accounting that he's overcharging benefits, if he's not correcting it then he's likely pocketing the difference. Are there any orgs or agencies that we should report him to? +Hi guys - sorry if formatting is off or I wasn't supposed to post here but I'm unsure of what else to do. + +This weekend, I noticed a deposit of $10,441 into my checking account with Chase. The line item title is simply "Deposit ID Number XXXXXX" (Xs being actual numbers). In addition, there was a picture attached with both front and back of a deposit slip, which had my name and checking account number on it (handwritten). + +I am well aware that this is most likely some type of scam, so I called Chase. Here's what they told me: + +1. This was a cash deposit. Someone brought actual bills and deliberately deposited them into my account (I'm assuming, because they know both my name and account number). +2. The deposit is 100% legitimate according to Chase. +3. It was deposited in a different state (I'm in the Western area of the US, the deposit was made in a more central state). +4. Since this person knows my account number and name, they probably know my address too, which is extremely worrying. + +Now, here's what I am sure of / what I am doing: + +1. I am not touching this money until much much much further clarity from the bank. +2. I am getting my account number and routing number changed in person at a Chase branch this weekend. +3. Changing my Chase login and password +4. I have not told anyone (even family) my account info since I only opened it 3 weeks ago. +5. The bank has put a note on my account saying that my info could have been leaked and thus to carefully review my transactions to avoid fraud (eg. Someone in some other state tries to withdraw money from my account) + +Does anybody have any further advice? This might be a stretch, but I am worried this might be something related to illegal activity and am worried about my safety due to the potential leaking of my address, which is something I can't change. Any advice would be much much appreciated. + +UPDATE: First of all, thank you everyone for your input, advice, and personal stories. I apologize for not replying to all comments as I fell asleep pretty early yesterday and have been working today. Since I now have an update, I will be positing it here rather than replying individually. + +I called my bank again today and asked them about all the technicalities that you wonderful people informed me about - they gave a lot of information (for eg., can't access camera recording because need a police report, can't access Currency transaction report because turns out it's actually a bank transfer and not a cash deposit, shit like that basically). They did however say that they have got in touch with the branch where the deposit happened and that the people there are looking into it and will call me. + +I just got off the phone with the banker from the branch where the deposit was made and he told me that it was indeed a bank error (no longer in my favor unfortunately - you lied to me monopoly) and that they have identified where it was supposed to go. Within a few days, it will leave my account and enter the right place. + +So, in conclusion, most of you were right and my paranoia was baseless. Honestly, I am relieved. I didn't start the process of changing my cards yet, so that's some time and effort saved. I anticipate that some people might say I could have somehow kept the money, but honestly, I don't want to fuck someone else over, and more importantly, I don't want to fuck myself over. Anyway, thank you everybody!! +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 +I know the $AMC narrative is retail vs hedge funds ONLY. + +But look at [flow](unusualwhales.com/flow) on June 2nd: you'd see whales making million dollar plays all day. + +Or a ten million dollar $AMC call: https://unusualwhales.com/alerts/c9e60810-708c-4d01-90a0-f81f49e0e343 + +Think that is retail? + +They love squeezes, too. + +Look out for large whales making big plays after these last two weeks! +To preface. I am in therapy for anxiety! And this emotional eating habit is something we are working on. However, I still would like suggestions on how to stop myself from spending money on food. + +I always knew I had a spending problem, but I always shoved it to the back of mind because self-reflection and change is hard. + +My problem? I spend way too much on food. I buy weekly groceries with the intent to eat out of my fridge for the week, but come mid-week I'm ordering pizza for every dinner and conveniently forgetting my lunch at home so I eat at the deli around the corner from work. And then the weekend comes. Who wants to cook on a Friday night? And then I'm running around doing errands on Saturday, buying breakfast and lunch here and there. By the end of the month, I'm shocked to notice the only money I have left is for bills / rent. Not even enough for groceries. So I borrow from my very, very small emergency fund, and promise myself I'll do better next time. + +That next time never comes. No wonder my savings never grows larger than a couple hundred dollars. + +Well, I decided to start a budget and write all my transactions in it. Whatever problem I have is now much harder to ignore as it's staring at me in my own handwriting. For instance: I just got paid, and my food budget for the next two weeks has disappeared already just with Friday - Sunday spending because I ate out constantly. + +This food spending habit of mine has been going on for YEARS, and I've been ignoring it for years by promising myself I'll fix it next paycheck. I never fix it. + +I don't spend money on anything else, really. I'll buy a book once a month. I only buy clothes when they become to ragged to wear, and then often just ask for pants / shirts for birthday / Christmas presents. I live a relatively minimalist lifestyle, and don't need a lot to be happy. I'm making more money now than I've ever had, but it doesn't feel like it because more money just gave me more freedom to eat out every day. + +Why is food so different? Why can I limit myself with nearly everything else I buy, besides food? + +I'm pretty sure I'm an emotional eater. I'd rather buy junk food after a bad day than cook / eat something healthy out of my fridge. + +I'm tired of this. This weekend I nearly broke down in tears because I couldn't stop myself from ordering another pizza and knowing I'd have to log it into my budget. My savings doesn't grow. I'm aiming for a higher paying job and / or raise at work. But I'm pretty sure if I don't get a handle on this, that extra money will just go towards eating out more and at more expensive places. +Throwaway account for obvious reasons. + +Like stated in the title, I am an 18 year old about to go off to University (leave on September 4th). My girlfriend is also 18, but still in high school. However, yesterday, my girlfriend informed that she was late on her period and so she took a pregnancy test. It came out positive. She said she was planning on having the baby, and I of course 100% respect her decision. + +Because she's still in high school, she can't fully support the baby by herself on a part-time job, no matter how hard she works. My plan originally, was to goto University for one year, and then come back home to goto a University closer to my home (long distance isn't real my thing, and the Uni I'm planning to goto is 6 hours away). However, because of this new and unexpected complication, I was wondering if it would be a better idea to try to find a job around my area, to support her and the baby. I don't really expect nor want her to be alone while going through her pregnancy. + +Should I try and find a decent paying job around my area, and support my girlfriend and child? Or should I go as I originally intended, to a Uni 6 hours away, and then come back and try to support her? + +*I have decent skills in computer software/coding and I worked at a local bakery for a long enough time to maybe manage the store* + +Also, I know getting a girl in high school pregnant is hella idiotic and definitely needed more planning or contraceptives on my part. We did use Plan B after having unprotected sex but it wasn't right away, though it was in the 3 day time frame. + +I don't plan on leaving my girlfriend to have this baby by herself, but I am at a loss for what to do. Help please :( + + + +*EDIT : Thanks for all the replies so far, it's really been stressful to be completely honest. Her living situation for the next year or so would be fine, because her parents are very supportive, just maybe not in this situation, but they wouldn't throw her out, no. So until she graduates high school, she would have a place to stay. As to what she wants, she wants me to stay of course, and I want to as well, but I feel as though, like many of you have said, a college education and degree is what will ultimately lead to a more supportive career. I do have decent computer coding skills, so I feel like if I can get a job in that field, I wouldn't necessarily have to goto Uni to get a decent paying job.* + +*EDIT 2 : Thank you all so much for an outpouring of your generosity and compassion. I really do appreciate everyone's input and will update you once I talk to her about it tomorrow. I'm out right now so once I return, I'll try to reply to everyone's posts! Thank you everyone!!* +My father is 60 and considering selling half of his franchise business. He has a mix of health issues that aren’t an immediate risk but most likely will be in less than 10 years. + +Anyways he will come into 3 million USD before taxes. + +He plans to keep half of his business which should net around 200-300k in cash flow yearly. Along with 2 of the franchise locations owned by him. (Probably valued at $800k to a million for both properties) + +Anyways I am seeking opinions on how to invest his money, with low risk, potentially monthly income. + +Thanks +It's my account. She forced me to go with her to the bank to add herself on my account. I didn't want that. Could I make it so that I'm the only one on the account again, without her consent? + +EDIT: Everyone has been very helpful, thanks!! Like most have suggested, I'm just going to make a new account and transfer the funds there once I move out -- that way I won't have to deal with the backlash when my mother finds out. +In general, what would you say are or appear to be the best industries for well-paid part-time work. I'm thinking 2-3 full days a week, or half-days for 5. Key criteria being well-paid too (open to interpretation) - eg I get the impression child education has a lot of part-time roles, but arn't particularly well paid. + +And, I imagine self-employment would be an obvious choice here. But, for high-end pay eg consulting or professional services, it seems that you'd need a lot of industry experience/connections or qualifications to start with? + +I'm not going to put my background here as it's a more general question, and for myself I'd be happy to shift my career around a bit. + +EDIT - I guess FIFO would perhaps be another obvious option, although it doesn't appeal to me. +With record household debt, 95% LVR loans and interest only loans for investment properties, it seems like even the smallest interest rate rise would cause an economic death spiral. + +How could interest rates ever increase again? Are we all fucked? +https://www.businessinsider.com/amazon-working-parents-daycare-2019-3 + +Amazon is a notoriously demanding employer, according to some of its employees. + +It's easy for women to be sidelined after having kids, but it also happens to new dads, one former Amazon employee recently told Business Insider. + +A group of mothers who work at Amazon want the company to help them address this by providing backup daycare services, similar to what other tech companies offer. + +Backup daycare services help working parents when their primary childcare provider isn't available but it might not address the tech industry's bigger problems. +It boils down to one question: Who is selling right now? + +Is it people that are in for a long time already and who are still up 5x, so they don't really care and they just want to take the safe route. Or stockpile some more cryptos. + +Are a lot of the newer people jumping ship again? I have been reading for a longer time, but only have been in since December last year. Still - I am riding this down to 0 if I have to, as I am still believing in everything I have in my portfolio. So I cannot speak for the "late joiners" - are a lot of them pulling out again before they drop too much? + +I don't really believe in whales pushing the whole market down and maybe a few people riding the wave. +Also I do not follow mainstream media a lot, so I don't know much about the situation there - except for a few rants about how they are bashing crypto without any knowledge; business as usual. +Still all the "bad" - essentially fake - news we had over the last weeks and days got debunked literally within hours. Still the whole market dropped and did not really show any recovery. + +So - is there anyone that can shine some light into the utter darkness in my mind about that? +Im only 20 and am trying to build a string long term investment foundation. What are some cryptos that are working to solve a problem? Dont have to explain much, id rather do my own DD + +Strong* +I'd love to hear what anyone has to say about VTC. Other cryptocurrency subs have pretty positive things to say. Your unfiltered opinion would be appreciated! +&#x200B; + +https://preview.redd.it/pt4z9le3j5o61.jpg?width=790&format=pjpg&auto=webp&s=caeb4962fc0df25c68a49c361f89c34173085390 + +Interested in catching the next big legit Project before lift off? Give this post a read. I will lay down my own research and opinion on why Rocket Pool is about to pull off a similiar ascent as uniswap. + +&#x200B; + +[https://www.rocketpool.net/](https://www.rocketpool.net/) + +[https://coinmarketcap.com/currencies/rocket-pool/](https://coinmarketcap.com/currencies/rocket-pool/) + +&#x200B; + +**Why do we need Rocket Pool?** + +* Staking your Ethereum on the Ethereum 2.0 Beacon Chain is still painstakingly annoying. +* you require a minimum of 32 Eth to stake at all (close to $60,000 as of writing). You are not stuffed with Ether? too bad... +* your 32 Eth deposit will be locked up until transition to Eth 2.0 is completed. You want to be able to sell them in a few months time? too bad, will have to wait till Eth 2.0 transition is complete... +* Rewards currently hover arround 7% APY. you want to earn more? not happening unless the amount of nodes drops. +* got more than 32 Eth but less than 64? you will only be able to stake 32... +* your exchange offers to stake your Eth for you? great idea, locking funds up for 1 year+ on an exchange never did no harm! + +&#x200B; + +**So how does it work?** + +In short, The Rocket Pool Ecosystem will allow you through allready fully functioning, beta tested and audited smart contracts to stake without the need to run a node by combining smaller stakes and assigning them to node operators in the Ecosystem. + +&#x200B; + +**What are the benefits?** + +* everyone can stake as little as 0.01 Eth +* People who want to run a node can do so by staking as little as 16 of their own Eth, while the rest gets filled with smaller stakes from others. Node operators will have a small participation in the staking rewards of the filled up stake earning them a higher yield than running conventional validator nodes. +* By staking your Eth via Rocket Pool you will recieve rEth during the staking period in equal amount to your stake. rEth is redeemable for an equal amount of normal Eth + the accumulated staking rewards and can be traded while staking, removing the downside of your funds beeing locked. +* The Ecosystem Token "RPL" can be staked alongside your ETH, increasing the incentive of node operators to not act maliciously even further by increasing their stake and in parallel generating additional staking rewards making rocket pool staking even more profitable. +* Staking via Rocket Pool does not compromise on decentralisation in any form like we see with Exchange staking or cloud staking services running node farms that can result in major slashing if multiple nodes go offline at once. + +&#x200B; + +Rocket Pool is not an ambitious dream. This Project is as legit as it gets and has been in developement since early 2017, going from a proof of concept over multiple alphas, betas and audits to a upcoming launch on mainnet late Q1/early Q2 2021. Accordingly the RPL Token has allready started its first moves upwards while still sitting at just arround 150 million market cap. + +If i was able to peak some interest. Please go ahead and check the project out for yourself. you can find all the ressources on [https://www.rocketpool.net/](https://www.rocketpool.net/). Still sounds too good to be true? check out what the Ethereum Staking community on Reddit has to say about Rocket Pool [https://np.reddit.com/r/ethstaker/](https://www.reddit.com/r/ethstaker/) + + +Safemoon has been an interesting coin. There seems to a lot of promising projects and a lot of red flags. + +Recently, it came out that WhiteBit won't support SM tokenomics but the developers allow it to be listed anyways, which to me defeats the purpose of said tokenomics.  + +I made a post about it in their subreddit and had people telling me to f off, messages to kill myself, I shouldn't be in crypto, etc... which was another red flag for a mere bit of criticism.  + +Be wary of posting anything that can be hinted as something negative otherwise you'll have to endure the "safemoom army" on their subreddit.   + +I started looking at more users that made content in that subreddit and noticed 90% of the accounts were created in the last month. Another red flag.  + +Something super fishy is going on over there. I'm beginning to think it's an elaborate scam. I hope I'm wrong and people aren't left holding the bag (myself included) but I'm starting to smell a scam. +website https://zenon.network/ + +Incentivised network announcement: https://www.youtube.com/watch?v=zJhTB76nPmg + +Trading https://www.coingecko.com/nl/coins/zenon + +Everything you need to know about ZNN https://shazzamazzash.medium.com/zenon-network-an-apes-guide-to-the-galaxy-7aad7dacdfef + +Moonpaper https://de.catbox.moe/26kuuh.pdf + +Based Bitcointalk announcement https://bitcointalk.org/index.php?topic=5279643.msg55303681#msg55303681 + +Syrius Zenon wallet introduction https://youtu.be/t6A7vKhp-MY + +based anon explanation What is it: Incredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain. + +Who does it: This is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu. + +Square will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards. + +Its open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over. + +With the recent hype for Layer-1s one should definitely look into Zenon Network if L1s are of interest. One of the bigger cryptonews site covered it here. https://cryptocurrenciesnews.co.uk/fundamental-analysis-of-a-professional-low-cap-crypto-investor-applied-to-zenon-network/ +With around 4% yield I am surprised this hasn’t got more discussion, in part being a new fund with little track record, but I believe this will be a winner this year. +Been wondering what stock selection would be best to make 1,250 monthly income. Just starting to look into stocks for dividend income for my son who is a freshman in college. Don't really understand ETF & wonder if it is better to get stocks versus Etf. Any suggestion are welcome. +Hey guys, wondering what thoughts on Energy Transfer ( ET ) are ? This is a pretty high dividend paying stock that’s trading for a good price atm. They have a very diverse portfolio that includes renewable energy as well. +Hey guys, wondering what thoughts on Energy Transfer ( ET ) are ? This is a pretty high dividend paying stock that’s trading for a good price atm. They have a very diverse portfolio that includes renewable energy as well. +I've been using Robinhood lately for my active investing because I like their UI better than what I was using (Ally which I've had for like a decade now) and I just got a notification that + +> Starting on 1/11/21, we won't be supporting buy orders for certain types of securities on Robinhood. Some of your holdings will become position closing only. + +When I looked at the Help article linked, I noticed Real Estate Investment trusts on the list as the only type of holding I have on RH listed. + +Seeing that many new investors are introduced to trading through Robinhood and REITs are a staple in any dividend portfolio, how do you think this will effect the long term growth potential of these type of securities? +AT&T is looking to sell a "substantial" minority stake in its TV business, including DirecTV and U-Verse to private equity firm TPG. The deal places a total value of $15B on the company's video services. AT&T acquired DirecTV in 2015 for $48B, or $67B after the added debt. + +Proceeds from the sale will be used to help continue to pay down the company's debt, which currently stands at $150B. + +Obviously not a great move to lose that much value in 5 years, but I think it's universally agreed that owning the TV service does them more harm than good. Would love to see them get rid of it altogether, but it's a good step for the dividend fan favorite. + +[Link](https://www.google.com/amp/s/www.cnbc.com/amp/2021/02/23/att-nears-deal-with-tpg-to-sell-large-minority-stake-in-directv-u-verse.html) to the article. +I am investing for the first time in my life. My goal is to generate a monthly income from dividends. My criteria are the following: + +\- Dividend distribution is monthly + +\- Dividend yield is over 6% + +\- The stock/etf is save (not to volatile) + +\- The stock/etf is good for long term holding + +\- The stock/etf is available in the E.U. (where I'm from) + +&#x200B; + +Bonus: + +\- The stock/etf has growth potential + +&#x200B; + +I am 26 years old and my current starting budget is: 2000,- EUR. And I will try to invest 300,- EUR per month going forward. Your replies are much appreciated. + +Thank you in advance. +I think the title basically says it all; we're all aware of stocks that give monthly dividends, and the question is, is there a combination of stocks that would result in you getting dividends every day (or close to every day)? Bonus points if the stocks are good investments and not just trash. + +Edit: I don't intend to invest this way. I'm curious if it's possible. I didn't ask if it's a good strategy or not (hint; it's not a good strategy, because it's not even a strategy), I asked if it was possible. +Now that the markets are nearing 10% drop from ATH, this could be a good time to buy growth oriented stocks and ETFs for long term investment. These would be well known ETFs and Stocks that have delivered Steller returns in past 5 years and also paid a small amount of dividends although dividends are NOT their primary focus. + +My list includes VIG, VGT, VUG, NOBL, SCHD, V, MA, SPYG, VTI, VOO, SPY, DIA, VYY, HD, COST, SBUX, DIVO, etc. + +What are some top grade high growth ETfs and stocks that pay some dividends that you are planning to buy? I am more keen to short list ETFs. + +Thank you + +PS: Adding more stocks & ETFs to this list : LOW, HD, SOXX, MTUM (only if bought at 25% discount from ATH), XLK + +What else needs to be part of this list? Remember we are scouting for high growth n past 5 years plus some dividend +I know it’s new only introduced in March but I like JP Morgan as an organization (as much as you can a bank) I think Jimmy Dimon is incredibly smart and good at his job and I like that they are moving to the ETF game. I recently just purchased a few shares of JEPI and also JIG(growth no dividend) wondering how others feel on JEPI? + +Edit: fixed Jamie’s last name. +I will soon retire with very limited pension. I need large cash inflows from my retirement fund. I want to buy equal amount of JEPI and JEPQ. What's your views? +Most ppl see O as a safe and consistent investment and I was wondering if there are similar examples in the other sectors that could be pointed out +Thanks in advance +Hi, I posted about my horrific experience with Chase unreasonably freezing my funds and threatening to close my account because of their shitty fraud detection system and then refusing to resolve the issue: + +[https://www.reddit.com/r/personalfinance/comments/xd9028/chase\_is\_horrible\_and\_i\_regret\_opening\_an\_account/](https://www.reddit.com/r/personalfinance/comments/xd9028/chase_is_horrible_and_i_regret_opening_an_account/)[https://www.reddit.com/r/Chase/comments/xd8u24/chase\_is\_horrible\_and\_i\_regret\_opening\_an\_account/](https://www.reddit.com/r/Chase/comments/xd8u24/chase_is_horrible_and_i_regret_opening_an_account/) + +Since then, I have found numerous posts about people facing identical problems with Chase and thought my solution might be helpful to you as well. So after weeks of Chase refusing to verify my check or help me out in any way beyond "sorry sucks to be you but it's how our system works", including my university intervening and reaching out to them twice, I took the advice from the comments on my previous post and filed a detailed complaint to CFPB about their mistreatment and irrational system, and bippity boppity boo, my funds were released the very next day and they sent an explanation after 2 days. I love how they reframed the entire thing in their response as "They needed time to verify the check" when in reality they refused to cooperate in any way to verify the check, and clearly stated that they think I gave them fraudulent checks and that they would be closing my account in a week. Hope my experience helps you too, I highly encourage you to flag this stuff to CFPB so it is brought forward to the right authorities. +I’m going to give a rough rundown on my finances. 21 years old, I have a 55k salary job. I financed a 26k car with 8% apr and 72 month term, pay $445 monthly. I pay $900 in rent and $275 for car insurance. $150 phone bill, $100 for supplements, $100 for random things, and about $250 on groceries all monthly. I have two credit cards, capital one quicksilver $3500 limit and Amazon chase card $7000 limit. I have autosave and put exactly 30% of my paychecks into a savings account. At the end I usually have singles left until my next paycheck comes in. + + + +Edit: From reading all the comments I decided to log onto Credit karma and refinance. I submitted an application through Caribou which would be for a 2.49% apr and 60 month term. + +Edit 2: I was accepted for a 3.39% apr 60 month term refinance. I increased my company contributions to 10% 401k (company match) and 3% Roth 401k. While on my bank autosave settings I noticed I actually had set 35% into savings, I lowered it to 25% +I called up AW a week before turning 18 to ask them if they can put me in the letters they send to my mother so that I could use those letters as my proof of address for my bank card. I spoke with the lady and she seemed really nice. She asked me if I wanted to be accountable for debt in the future or if I just wanted my name on the letter. I chose the latter. Now a year later they keep pestering me to pay their bills. + +My mom has a condition which doesn't allow her to work so she has no way of paying the insane debt she collected. I called AW up to explain that I'm not liable to pay for the debt since I haven't agreed to it. She always just repeated "we have a note here that confirms you did". I asked for them to let me hear the conversation I had last year as proof. They refused. I know for a fact that most companies use the "note" excuse as a way to force the person to pay. Does that make sense? + +I don't know what to do. I'm earning minimum wage and can barely afford to live, let alone pay them the huge amount of money they want. +Conventional wisdom would say that bundled phone contracts would cost more than buying a phone and a sim card seperatly. But as I've been looking for a new phone, I've found that bundled contracts cost a similar and sometimes cheaper amount. + +For example I'm looking at a Galaxy S9 with 5gb of data. Its £24 a month with an upfront cost of £9 that £585 over 2 years. An S9 costs £450-£500 with a £10 a month Sim-Only contract costing £10 or £240 over 2 years. + +I feel like I'm missing something but I don't know what. +AnimeTiddies ($TIDDIES) has been going strong! + +Since my last post, the marketcap has shot up by $1.5m.There are currently over 2500 holders already and the TG is active and friendly! + +Also take a look at the website, it's crisp. + +Website: [https://www.animetiddies.cc/](https://www.animetiddies.cc/) + +Telegram: [https://t.me/AnimeTiddiesBSC](https://t.me/AnimeTiddiesBSC) + +Hats off to whoever created the website, you pervert! + +This could go even bigger, because who doesn't like anime tiddies?**TIDDY Tokenomics:** + +* 10% Tax per transaction +* 8% to Liquidity to keep the price stable +* 2% to Holders to reward you + +The total supply is 100B, half of which was burned at the start. There's also a 1B max per wallet, this is to prevent any whales - very fair! + +TIDDIES is also 100% safe as all of the liquidity has been burned and ownership has been renounced as well. This can all be found on BSCScan and in the Telegram. + +**Where to buy $TIDDIES?** + +All links can also be found on the website, go check it out - it's amazing for anime tiddy lovers. + +There is also a roadmap on there, and apparently the marketing plans have already started. They seem to be working so far. + +**👙 PancakeSwap(V2):** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2c7FD21F49937477FAb50a96B0c55211cF7BD6cA](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2c7FD21F49937477FAb50a96B0c55211cF7BD6cA) + +👙 **Chart:** charts.bogged.finance/?token=0x2c7FD21F49937477FAb50a96B0c55211cF7BD6cA + +**Contract Address:** 0x2c7FD21F49937477FAb50a96B0c55211cF7BD6cA +Hey everyone, i want to introduce Super Pepe Bros to you all today. SPB was actually launched about a month ago, but had some issues that have since been resolved, and they have migrated to version 2 today. Trading for version 2 begins in about 10 minutes. + +What is Super Pepe Bros? From their medium - "One of my fondest memories of growing up was playing Super Mario with my childhood friends, seeing who could clear a level faster, not another worry in the world. Now, in this time of a global pandemic with Corona, and in a time of a Crypto epidemic, with the non stop horrendous RFI and PCS forks, the never ending rugs and exploits, everyone is just looking to find their nostalgic happy place and make some profit doing so. Super Pepe Bros is your chance to escape from all the bullshit and just forget about your worries for a while. Super Pepe Bros is a gamified yield farm where the user gains levels the longer they stay staked within the farm, and the higher they level up, the more they get rewards. Come help Pepe travel through the different worlds on his quest to save princess Pepe." + +Gamified Yield Farming: The longer you stay staked on Super Pepe World, the more experience you accrue, and level up and progress through each level. Each time you level, the background world changes ( the website ) and you get a multiplier attached to your rewards. Each level increases the rewards. The more you level up, the more rewards you earn. Each level has a certain experience requirement, and additional to that has a timelock included so no whale can reach the last level instantly. + +Rewards for reaching certain levels + +SPW also comes paired with an NFT trading card game similar to hearthstone currently in development. Farming and reaching certain levels will earn you certain rewards. There will be different seasons, where we offer new cards, different themed games on the website. + +Link to season 1 and 2 rewards: [https://imgur.com/a/id9qrHf](https://imgur.com/a/id9qrHf) + +&#x200B; + +Tokenomics + +&#x200B; + +Current price: $1.25 + +&#x200B; + +Marketcap: around $600-800k + +Rewards per block: 1 + +Multiplier: starts at 1, increments by .1 per level, max x4Launch pools: + +* SPW/BNB (40x) +* SPW/BUSD (25x) +* SPW/SMOKE(1x) 4% deposit fee, all will be burned. +* SPW/BTBB(1x) 4% deposit fee. SPW will be burned, BTBB will be used for buy backs. +* SPW Single asset pool. +* PIG/SPW (1x) 4% deposit fee, all will be burned +* LEM/SPW (1x) 4% deposit fee, all will be burned +* DEGENR/SPW (1x) 4% deposit fee, all will be burned + +&#x200B; + +Farm SPW and earn and build your deck in our NFT card game. Explore each different world and the hilarious art my artist came up with. It is a very unique spin on all the pancake swap and RFI fork nonsense you see these days. + +There are a ton of things coming to bring utility to the SPW farm. Read up on their medium for all information and road map of what is planned! + +Pancake Link: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfcb055630d7f29cf16d70a3b5b51a2aa0cc92ed0](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfcb055630d7f29cf16d70a3b5b51a2aa0cc92ed0) +Add liquidity: [https://exchange.pancakeswap.finance/#/add/BNB/0xFcb055630D7F29CF16d70a3B5b51A2Aa0cC92ed0](https://exchange.pancakeswap.finance/#/add/BNB/0xFcb055630D7F29CF16d70a3B5b51A2Aa0cC92ed0) +Website: [https://v2.superpepebros.finance/](https://v2.superpepebros.finance/) +Telegram: [https://t.me/Superpepebroschat](https://t.me/Superpepebroschat) +Twitter: [https://twitter.com/superpepebros](https://twitter.com/superpepebros) +Medium: [https://superpepebros.medium.com/](https://superpepebros.medium.com/) +Seasonal NFT Rewards: [https://v2.superpepebros.finance/rewards](https://v2.superpepebros.finance/rewards) +Is it possible to calculate the bitcoin or Ethereum price relative to strength of dollar in that particular time? + +See bitcoin might be worth whatever in dollars right now , but 20k in 2017 was worth much more than 20k$ in 2022 right? + +So would it be too low to say right now bitcoin that is worth barely 20k$ is actually worth like 15k$ 2017 dollar value all things considered/ money printing/inflation? + +We need some advanced statistics to measure the wealth because pure Dollar ratios are useless! + +How many big macs per bitcoin in 2017 ? + +How many big macs per bitcoin in 2022? + +I think we are losing significant information about value if we simplistically deduce everything to Dollar value and conclude you can compare values year to year + +Like 25% dollars ever existed were printed since like 2020 + +Are we plebs that dumb we can't create a better ratio? + +Bitcoin/Big Mac + +Bitcoin/ Cigarette pack in Australia + +Whatever we must do better because strictly Dollar ratio is fools errands! +If you want to swing trade, try to cash out on short squeezes, whatever, then fine: You do you. Otherwise, if you actually want to *invest*, then let me give you a trick to help you approach the market correctly... + +**Imagine that the "sell" button is greyed out until a security is held for 5 years.** + +* You'll be holding this for 5+ years, so the time and effort spent on research and DD is fully justified. +* You won't be "missing out" if you buy it tomorrow, or next week, or whenever you fully understand it and feel ready to commit. +* It's worth the commitment, so it's completely reasonable to increase your position gradually over time (DCA). +* Market dips are lame, but who cares? It's not the 5d chart, it's the 5y -- and it's a 5y chart that has yet to be drawn. + +**There are only three situations in which the "sell" button becomes available.** + +* During your research, you find something that makes you lose faith in the security (e.g., you discover something that makes you doubt the company's leadership during an earnings report). +* You discover a competing security that you wish you would have known about previously. In this case, *roll your investment over*. +* You absolutely, positively need the money for an emergency. You should have enough money on hand to be able to weather a storm, but there are some extraneous circumstances where you absolutely must liquidate investments. (If this happens more than once, it's a sign that you do not have a sufficient emergency fund.) + +&#x200B; + +EDIT: I'm getting burned in the comments. Honestly, I'm not backing down -- this is good advice for the typical newbie. I also appreciate the thoughts people are sharing, no matter how critical they are. +How many people really understand what they’re buying, especially when it comes to highly specialized hardware companies? Most NVidia investors seem to be relying on a vague idea of how the company should thrive “in the future”, as their GPUs are ostensibly used for Artificial Intelligence, Cloud, holograms, etc. Having been shocked by how this company is represented in the media, I decided to lay out how this business works, doing my part to fight for reality. With what’s been going on in markets, I don’t like my chances but here goes: + +Let’s start with… + +**How does NVDA make money?** + +NVDA is in the business of semiconductor design. As a simplified image in your head, you can imagine this as designing very detailed and elaborate posters. Their engineers create circuit patterns for printing onto semiconductor wafers. NVDA then pays a semiconductor foundry (the printer – generally TSMC) to create chips with those patterns on them. + +Simply put, NVDA’s profits represent the difference between the price at which they can sell those chips, less the cost of printing, and less the cost of paying their engineers to design them. + +Notably, after the foundry prints the chips, NVDA also has to pay (I say pay, but really it is more like “sell at a discount to”) their “add-in board” (AIB) partners to stick the chips onto printed circuit boards (what you might imagine as green things with a bunch of capacitors on them). That leads to the final form in which buyers experience the GPU. + +**What is a GPU?** + +NVDA designs chips called GPUs (Graphical Processing Units). Initially, GPUs were used for the rapid processing and creation of images, but their use cases have expanded over time. You may be familiar with the CPU (Central Processing Unit). CPUs sit at the core of a computer system, doing most of the calculation, taking orders from the operating system (e.g. Windows, Linux), etc. AMD and Intel make CPUs. GPUs assist the CPU with certain tasks. You can think of the CPU as having a few giant very powerful engines. The GPU has a lot of small much less powerful engines. Sometimes you have to do a lot of really simple tasks that don’t require powerful engines to complete. Here, the act of engaging the powerful engines is a waste of time, as you end up spending most of your time revving them up and revving them down. In that scenario, it helps the CPU to hand that task over to the GPU in order to “accelerate” the completion of the task. The GPU only revs up a small engine for each task, and is able to rev up all the small engines simultaneously to knock out a large number of these simple tasks at the same time. Remember the GPU has lots of engines. The GPU also has an edge in interfacing a lot with memory but let’s not get too technical. + +**Who uses NVDA’s GPUs?** + +There are two main broad end markets for NVDA’s GPUs – Gaming and Professional. Let’s dig into each one: + +**The Gaming Market:** + +A Bit of Ancient History (**Skip if impatient**) + +GPUs were first heavily used for gaming in arcades. They then made their way to consoles, and finally PCs. NVDA started out in the PC phase of GPU gaming usage. They weren’t the first company in the space, but they made several good moves that ultimately led to a very strong market position. Firstly, they focused on selling into OEMs – guys like the equivalent of today’s DELL/HP/Lenovo – , which allowed a small company to get access to a big market without having to create a lot of relationships. Secondly, they focused on the design aspect of the GPU, and relied on their Asian supply chain to print the chip, to package the chip and to install in on a printed circuit board – the Asian supply chain ended up being the best in semis. But the insight that really let NVDA dominate was noticing that some GPU manufacturers were focusing on keeping hardware-accelerated Transform and Lighting as a Professional GPU feature. As a start-up, with no professional GPU business to disrupt, NVidia decided their best ticket into the big leagues was blowing up the market by including this professional grade feature into their gaming product. It worked – and this was a real masterstroke – the visual and performance improvements were extraordinary. 3DFX, the initial leader in PC gaming GPUs, was vanquished, and importantly it happened when funding markets shut down with the tech bubble bursting and after 3DFX made some large ill-advised acquisitions. Consequently 3DFX, went from hero to zero, and NVDA bought them for a pittance out of bankruptcy, acquiring the best IP portfolio in the industry. + +**Some more Modern History** + +This is what NVDA’s pure gaming card revenue looks like over time – NVDA only really broke these out in 2005 (note by pure, this means ex-Tegra revenues): + +📷 [https://hyperinflation2020.tumblr.com/private/618394577731223552/tumblr\_Ikb8g9Cu9sxh2ERno](https://hyperinflation2020.tumblr.com/private/618394577731223552/tumblr_Ikb8g9Cu9sxh2ERno) + +So what is the history here? Well, back in the late 90s when GPUs were first invented, they were **required** to play any 3D game. As discussed in the early history above, NVDA landed a hit product to start with early and got a strong burst of growth: revenues of 160M in 1998 went to 1900M in 2002. But then NVDA ran into strong competition from ATI (later purchased and currently owned by AMD). While NVDA’s sales struggled to stay flat from 2002 to 2004, ATI’s doubled from 1Bn to 2Bn. NVDA’s next major win came in 2006, with the 8000 series. ATI was late with a competing product, and NVDA’s sales skyrocketed – as can be seen in the graph above. With ATI being acquired by AMD they were unfocused for some time, and NVDA was able to keep their lead for an extended period. Sales slowed in 2008/2009 but that was due to the GFC – people don’t buy expensive GPU hardware in recessions. + +And then we got to 2010 and the tide changed. Growth in desktop PCs ended. Here is a chart from Statista: + +📷[https://hyperinflation2020.tumblr.com/private/618394674172919808/tumblr\_OgCnNwTyqhMhAE9r9](https://hyperinflation2020.tumblr.com/private/618394674172919808/tumblr_OgCnNwTyqhMhAE9r9) + +This resulted in two negative secular trends for Nvidia. Firstly, with the decline in popularity of desktop PCs, growth in gaming GPUs faded as well (below is a chart from Jon Peddie). Note that NVDA sells discrete GPUs, aka DT (Desktop) Discrete. Integrated GPUs are mainly made by Intel (these sit on the motherboard or with the CPU). + +📷 [https://hyperinflation2020.tumblr.com/private/618394688079200256/tumblr\_rTtKwOlHPIVUj8e7h](https://hyperinflation2020.tumblr.com/private/618394688079200256/tumblr_rTtKwOlHPIVUj8e7h) + +You can see from the chart above that discrete desktop GPU sales are fading faster than integrated GPU sales. This is the other secular trend hurting NVDA’s gaming business. Integrated GPUs are getting better and better, taking over a wider range of tasks that were previously the domain of the discrete GPU. Surprisingly, the most popular eSports game of recent times – Fortnite – only requires Intel HD 4000 graphics – an Integrated GPU from 2012! + +So at this point you might go back to NVDA’s gaming sales, and ask the question: What happened in 2015? How is NVDA overcoming these secular trends? + +The answer consists of a few parts.Firstly, AMD dropped the ball in 2015. As you can see in this chart, sourced from 3DCenter, AMD market share was halved in 2015, due to a particularly poor product line-up: + +📷 [https://hyperinflation2020.tumblr.com/private/618394753459994624/tumblr\_J7vRw9y0QxMlfm6Xd](https://hyperinflation2020.tumblr.com/private/618394753459994624/tumblr_J7vRw9y0QxMlfm6Xd) + +Following this, NVDA came out with Pascal in 2016 – a very powerful offering in the mid to high end part of the GPU market. At the same time, AMD was focusing on rebuilding and had no compelling mid or high end offerings. AMD mainly focused on maintaining scale in the very low end. Following that came 2017 and 2018: AMD’s offering was still very poor at the time, but cryptomining drove demand for GPUs to new levels, and AMD’s GPUs were more compelling from a price-performance standpoint for crypto mining initially, perversely leading to AMD gaining share. NVDA quickly remedied that by improving their drivers to better mine crypto, regaining their relative positioning, and profiting in a big way from the crypto boom. Supply that was calibrated to meet gaming demand collided with cryptomining demand and Average Selling Prices of GPUs shot through the roof. Cryptominers bought top of the line GPUs aggressively. + +A good way to see changes in crypto demand for GPUs is the mining profitability of Ethereum: + +📷 [https://hyperinflation2020.tumblr.com/private/618394769378443264/tumblr\_cmBtR9gm8T2NI9jmQ](https://hyperinflation2020.tumblr.com/private/618394769378443264/tumblr_cmBtR9gm8T2NI9jmQ) + +This leads us to where we are today. 2019 saw gaming revenues drop for NVDA. Where are they likely to head? + +The secular trends of falling desktop sales along with falling discrete GPU sales have reasserted themselves, as per the Jon Peddie research above. Cryptomining profitability has collapsed. + +AMD has come out with a new architecture, NAVI, and the 5700XT – the first Iteration, competes effectively with NVDA in the mid-high end space on a price/performance basis. This is the first real competition from AMD since 2014. + +NVDA can see all these trends, and they tried to respond. Firstly, with volumes clearly declining, and likely with a glut of second-hand GPUs that can make their way to gamers over time from the crypto space, NVDA decided to pursue a price over volume strategy. They released their most expensive set of GPUs by far in the latest Turing series. They added a new feature, Ray Tracing, by leveraging the Tensor Cores they had created for Professional uses, hoping to use that as justification for higher prices (more on this in the section on Professional GPUs). Unfortunately for NVDA, gamers have responded quite poorly to Ray Tracing – it caused performance issues, had poor support, poor adoption, and the visual improvements in most cases are not particularly noticeable or relevant. + +The last recession led to gaming revenues falling 30%, despite NVDA being in a very strong position at the time vis-à-vis AMD – this time around their position is quickly slipping and it appears that the recession is going to be bigger. Additionally, the shift away from discrete GPUs in gaming continues. + +To make matters worse for NVDA, AMD won the slots in both the New Xbox and the New PlayStation, coming out later this year. The performance of just the AMD GPU in those consoles looks to be competitive with NVidia products that currently retail for more than the entire console is likely to cost. Consider that usually you have to pair that NVidia GPU with a bunch of other expensive hardware. The pricing and margin impact of this console cycle on NVDA is likely to be very substantially negative. + +It would be prudent to assume a greater than 30% fall in gaming revenues from the very elevated 2019 levels, with likely secular decline to follow. + +**The Professional Market:** + +A Bit of Ancient History (again, skip if impatient) + +As it turns out, graphical accelerators were first used in the Professional market, long before they were employed for Gaming purposes. The big leader in the space was a company called Silicon Graphics, who sold workstations with custom silicon optimised for graphical processing. Their sales were only $25Mn in 1985, but by 1997 they were doing 3.6Bn in revenue – truly exponential growth. Unfortunately for them, from that point on, discrete GPUs took over, and their highly engineered, customised workstations looked exorbitantly expensive in comparison. Sales sank to 500mn by 2006 and, with no profits in sight, they ended up filing for bankruptcy in 2009. Competition is harsh in the semiconductor industry. + +Initially, the Professional market centred on visualisation and design, but it has changed over time. There were a lot of players and lot of nuance, but I am going to focus on more recent times, as they are more relevant to NVidia. + +**Some More Modern History** + +NVDA’s Professional business started after its gaming business, but we don’t have revenue disclosures that show exactly when it became relevant. This is what we do have – going back to 2005: + +📷 [https://hyperinflation2020.tumblr.com/private/618394785029472256/tumblr\_fEcYAzdstyh6tqIsI](https://hyperinflation2020.tumblr.com/private/618394785029472256/tumblr_fEcYAzdstyh6tqIsI) + +In the beginning, Professional revenues were focused on the 3D visualisation end of the spectrum, with initial sales going into workstations that were edging out the customised builds made by Silicon Graphics. Fairly quickly, however, GPUs added more and more functionality and started to turn into general parallel data processors rather than being solely optimised towards graphical processing. + +As this change took place, people in scientific computing noticed, and started using GPUs to accelerate scientific workloads that involve very parallel computation, such as matrix manipulation. This started at the workstation level, but by 2007 NVDA decided to make a new line-up of Tesla series cards specifically suited to scientific computing. The professional segment now have several points of focus: + +1. GPUs used in workstations for things such as CAD graphical processing (Quadro Line) +2. GPUs used in workstations for computational workloads such as running engineering simulations (Quadro Line) +3. GPUs used in workstations for machine learning applications (Quadro line.. but can use gaming cards as well for this) +4. GPUs used by enterprise customers for high performance computing (such as modelling oil wells) (Tesla Line) +5. GPUs used by enterprise customers for machine learning projects (Tesla Line) +6. GPUs used by hyperscalers (mostly for machine learning projects) (Tesla Line) + +In more recent times, given the expansion of the Tesla line, NVDA has broken up reporting into Professional Visualisation (Quadro Line) and Datacenter (Tesla Line). Here are the revenue splits since that reporting started: + +📷 [https://hyperinflation2020.tumblr.com/private/618394798232158208/tumblr\_3AdufrCWUFwLgyQw2](https://hyperinflation2020.tumblr.com/private/618394798232158208/tumblr_3AdufrCWUFwLgyQw2) + +📷 [https://hyperinflation2020.tumblr.com/private/618394810632601600/tumblr\_2jmajktuc0T78Juw7](https://hyperinflation2020.tumblr.com/private/618394810632601600/tumblr_2jmajktuc0T78Juw7) + +It is worth stopping here and thinking about the huge increase in sales delivered by the Tesla line. The reason for this huge boom is the sudden increase in interest in numerical techniques for machine learning. Let’s go on a brief detour here to understand what machine learning is, because a lot of people want to hype it but not many want to tell you what it actually is. I have the misfortune of being very familiar with the industry, which prevented me from buying into the hype. Oops – sometimes it really sucks being educated. + +**What is Machine Learning?** + +At a very high level, machine learning is all about trying to get some sort of insight out of data. Most of the core techniques used in machine learning were developed a long time ago, in the 1950s and 1960s. The most common machine learning technique, which most people have heard of and may be vaguely familiar with, is called regression analysis. Regression analysis involves fitting a line through a bunch of datapoints. The most common type of regression analysis is called “Ordinary Least Squares” OLS regression, and that type of regression has a “closed form” solution, which means that there is a very simple calculation you can do to fit an OLS regression line to data. + +As it happens, fitting a line through points is not only easy to do, it also tends to be the main machine learning technique that people want to use, because it is very intuitive. You can make good sense of what the data is telling you and can understand the machine learning model you are using. Obviously, regression analysis doesn’t require a GPU! + +However, there is another consideration in machine learning: if you want to use a regression model, you still need a human to select the data that you want to fit the line through. Also, sometimes the relationship doesn’t look like a line, but rather it might look like a curve. In this case, you need a human to “transform” the data before you fit a line through it in order to make the relationship linear. + +So people had another idea here: what if instead of getting a person to select the right data to analyse, and the right model to apply, you could just get a computer to do that? Of course the problem with that is that computers are really stupid. They have no preconceived notion of what data to use or what relationship would make sense, so what they do is TRY EVERYTHING! And everything involves trying a hell of a lot of stuff. And trying a hell of a lot of stuff, most of which is useless garbage, involves a huge amount of computation. People tried this for a while through to the 1980s, decided it was useless, and dropped it… until recently. + +What changed? Well we have more data now, and we have a lot more computing power, so we figured lets have another go at it. As it happens, the premier technique for trying a hell of a lot of stuff (99.999% of which is garbage you throw away) is called “Deep Learning”. Deep learning is SUPER computationally intensive, and that computation happens to involve a lot of matrix multiplication. And guess what just happens to have been doing a lot of matrix multiplication? GPUs! + +Here is a chart that, for obvious reasons, lines up extremely well with the boom in Tesla GPU sales: + +📷 [https://hyperinflation2020.tumblr.com/private/618394825774989312/tumblr\_IZ3ayFDB0CsGdYVHW](https://hyperinflation2020.tumblr.com/private/618394825774989312/tumblr_IZ3ayFDB0CsGdYVHW) + +Now we need to realise a few things here. Deep Learning is not some magic silver bullet. There are specific applications where it has proven very useful – primarily areas that have a very large number of very weak relationships between bits of data that sum up into strong relationships. An example of ones of those is Google Translate. On the other hand, in most analytical tasks, it is most useful to have an intuitive understanding of the data and to fit a simple and sensible model to it that is explainable. Deep learning models are not explainable in an intuitive manner. This is not only because they are complicated, but also because their scattershot technique of trying everything leaves a huge amount of garbage inside the model that cancels itself out when calculating the answer, but it is hard to see how it cancels itself out when stepping through it. + +Given the quantum of hype on Deep learning and the space in general, many companies are using “Deep Learning”, “Machine Learning” and “AI” as marketing. Not many companies are actually generating significant amounts of tangible value from Deep Learning. + +**Back to the Competitive Picture** + +**For the Tesla Segment** + +So NVDA happened to be in the right place at the right time to benefit from the Deep Learning hype. They happened to have a product ready to go and were able to charge a pretty penny for their product. But what happens as we proceed from here? + +Firstly, it looks like the hype from Deep Learning has crested, which is not great from a future demand perspective. Not only that, but we really went from people having no GPUs, to people having GPUs. The next phase is people upgrading their old GPUs. It is much harder to sell an upgrade than to make the first sale. + +Not only that, but GPUs are not the ideal manifestation of silicon for Deep Learning. NVDA themselves effectively admitted that with their latest iteration in the Datacentre, called Ampere. High Performance Computing, which was the initial use case for Tesla GPUs, was historically all about double precision floating point calculations (FP64). High precision calculations are required for simulations in aerospace/oil & gas/automotive. + +NVDA basically sacrificed HPC and shifted further towards Deep Learning with Ampere, announced last Thursday. The FP64 performance of the A100 (the latest Ampere chip) increased a fairly pedestrian 24% from the V100, increasing from 7.8 to 9.7 TF. Not a surprise that NVDA lost El Capitan to AMD, given this shift away from a focus on HPC. Instead, NVDA jacked up their Tensor Cores (i.e. not the GPU cores) and focused very heavily on FP16 computation (a lot less precise than FP64). As it turns out, FP16 is precise enough for Deep Learning, and NVDA recognises that. The future industry standard is likely to be BFloat 16 – the format pioneered by Google, who lead in Deep Learning. Ampere now does 312 TF of BF16, which compares to the 420 TF of Google’s TPU V3 – Google’s Machine Learning specific processor. Not quite up to the 2018 board from Google, but getting better – if they cut out all of the Cuda cores and GPU functionality maybe they could get up to Google’s spec. + +And indeed this is the problem for NVDA: when you make a GPU it has a large number of different use cases, and you provide a single product that meets all of these different use cases. That is a very hard thing to do, and explains why it has been difficult for competitors to muscle into the GPU space. On the other hand, when you are making a device that does one thing, such as deep learning, it is a much simpler thing to do. Google managed to do it with no GPU experience and is still ahead of NVDA. It is likely that Intel will be able to enter this space successfully, as they have widely signalled with the Xe. + +There is of course the other large negative driver for Deep Learning, and that is the recession we are now in. Demand for GPU instances on Amazon has collapsed across the board, as evidenced by the fall in pricing. The below graph shows one example: this data is for renting out a single Tesla V100 GPU on AWS, which isthe typical thing to do in an early exploratory phase for a Deep Learning model: + +📷 [https://hyperinflation2020.tumblr.com/private/618396177958944768/tumblr\_Q86inWdeCwgeakUvh](https://hyperinflation2020.tumblr.com/private/618396177958944768/tumblr_Q86inWdeCwgeakUvh) + +With Deep Learning not delivering near-term tangible results, it is the first thing being cut. On their most recent conference call, IBM noted weakness in their cognitive division (AI), and noted weaker sales of their power servers, which is the line that houses Enterprise GPU servers at IBM. Facebook cancelled their AI residencies for this year, and Google pushed theirs out. Even if NVDA can put in a good quarter due to their new product rollout (Ampere), the future is rapidly becoming a very stormy place. + +**For the Quadro segment** + +The Quadro segment has been a cash cow for a long time, generating dependable sales and solid margins. AMD just decided to rock the boat a bit. Sensing NVDA’s focus on Deep Learning, AMD seems to be focusing on HPC – the Radeon VII announced recently with a price point of $1899 takes aim at NVDAs most expensive Quadro, the GV100, priced at $8999. It does 6.5 TFLOPS of FP64 Double precision, whereas the GV100 does 7.4 – talk about shaking up a quiet segment. + +**Pulling things together** + +Let’s go back to what NVidia fundamentally does – paying their engineers to design chips, getting TSMC to print those chips, and getting board partners in Taiwan to turn them into the final product. + +We have seen how a confluence of several pieces of extremely good fortune lined up to increase NVidia’s sales and profits tremendously: first on the Gaming side, weak competition from AMD until 2014, coupled with a great product in form of Pascal in 2016, followed by a huge crypto driven boom in 2017 and 2018, and on the Professional side, a sudden and unexpected increase in interest in Deep Learning driving Tesla demand from 2017-2019 sky high. + +It is worth noting what these transient factors have done to margins. When unexpected good things happen to a chip company, sales go up a lot, but there are no costs associated with those sales. Strong demand means that you can sell each chip for a higher price, but no additional design work is required, and you still pay the printer, TSMC, the same amount of money. Consequently NVDA’s margins have gone up substantially: well above their 11.9% long term average to hit a peak of 33.2%, and more recently 26.5%: + +📷 [https://hyperinflation2020.tumblr.com/private/618396192166100992/tumblr\_RiWaD0RLscq4midoP](https://hyperinflation2020.tumblr.com/private/618396192166100992/tumblr_RiWaD0RLscq4midoP) + +The question is, what would be a sensible margin going forward? Obviously 33% operating margin would attract a wall of competition and get competed away, which is why they can only be temporary. However, NVidia has shifted to having a greater proportion of its sales coming from non-OEM, and has a greater proportion of its sales coming from Professional rather than gaming. As such, maybe one can be generous and say NVDA can earn an 18% average operating margin over the next cycle. We can sense check these margins, using Intel. Intel has a long term average EBIT margin of about 25%. Intel happens to actually print the chips as well, so they collect a bigger fraction of the final product that they sell. NVDA, since it only does the design aspect, can’t earn a higher EBIT margin than Intel on average over the long term. + +Tesla sales have likely gone too far and will moderate from here – perhaps down to a still more than respectable $2bn per year. Gaming resumes the long-term slide in discrete GPUs, which will likely be replaced by integrated GPUs to a greater and greater extent over time. But let’s be generous and say it maintains $3.5 Bn Per year for the add in board, and let’s assume we keep getting $750mn odd of Nintendo Switch revenues(despite that product being past peak of cycle, with Nintendo themselves forecasting a sales decline). Let’s assume AMD struggles to make progress in Quadro, despite undercutting NVDA on price by 75%, with continued revenues at $1200. Add on the other 1.2Bn of Automotive, OEM and IP (I am not even counting the fact that car sales have collapsed and Automotive is likely to be down big), and we would end up with revenues of $8.65 Bn, at an average operating margin of 20% through the cycle that would have $1.75Bn of operating earnings power, and if I say that the recent Mellanox acquisition manages to earn enough to pay for all the interest on NVDAs debt, and I assume a tax rate of 15% we would have around $1.5Bn in Net income. + +This company currently has a market capitalisation of $209 Bn. It blows my mind that it trades on 139x what I consider to be fairly generous earnings – earnings that NVidia never even got close to seeing before the confluence of good luck hit them. But what really stuns me is the fact that investors are actually willing to extrapolate this chain of unlikely and positive events into the future. + +Shockingly, Intel has a market cap of 245Bn, only 40Bn more than NVDA, but Intel’s sales and profits are 7x higher. And while Intel is facing competition from AMD, it is much more likely to hold onto those sales and profits than NVDA is. These are absolutely stunning valuation disparities. + +If I didn’t see NVDA’s price, and I started from first principles and tried to calculate a prudent price for the company I would have estimated a$1.5Bn normalised profit, maybe on a 20x multiple giving them the benefit of the doubt despite heading into a huge recession, and considering the fact that there is not much debt and the company is very well run. That would give you a market cap of $30Bn, and a share price of $49. And it is currently $339. Wow. Obviously I’m short here! +EDIT 2: They launched their product ahead of schedule, there's no point to buy it right now for the hype play. + +EDIT 1: I sold everything because of the persistent radio silence from to company not communicating anymore to its investors. My plan is to buy again at the first press release by them. + + +Tldr in the bottom. + + +>**It's not my intention to manipulate the market, this is why I'm posting this right now.** +>>**Disclaimer:** I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. **I will not and cannot be held liable for any actions you take as a result of anything you read here.** +Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. +>Got it? Now to the post. + +&nbsp; [.](https://s3-prod.crainsdetroit.com/s3fs-public/styles/800x600/public/99279151_2628183717508144_855101484390416384_n_i.jpg) + +#Zomedica Overview + +Based in Ann Arbor, Michigan, Zomedica (NYSE American:ZOM) is a veterinary health company creating products for companion animals (canine, feline and equine) by focusing on the unmet needs of clinical veterinarians. Zomedica’s product portfolio will include **innovative** diagnostics and therapeutics that emphasize patient health and practice health. With a team that includes clinical veterinary professionals, it is Zomedica’s mission to provide veterinarians the opportunity to lower costs, increase productivity, and grow revenue while better serving the animals in their care. + +&nbsp; + +#Investors +Emergency funds are something I don't see mentioned very much outside of "only invest what you can afford to lose". While it is good advice, it is very possible that we experience a recession in the near future and having an emergency fund is really important right now. + +For those who don't know what an emergency fund is, it's essentially a sum of money (yes, FIAT) that you set aside for large unexpected expenses such as job loss, unforeseen medical expenses, etc. I know current prices are tempting to just buy crypto but if and when we go into a recession, it's better to be safe than sorry. + +The amount that you should put into an emergency fund is different for everyone and depends on what kind of support you would have if something happened. I generally stick to having enough stashed away to support myself for at least 3 months but depending on your situation, you may want more. + +I know it's hard enough to set aside any money with prices being so high right now but having an emergency fund is more important than buying the dip. +I’m curious as to how others split finances with their partners. + +Some context: I was having a conversation with my mum and she told me how her and my step dad share everything they earn. Both of their incomes go into a joint account, and my step-dad manages all of the finances. All payments therefore come out of the same account. + +She was shocked when I told her my wife and I have completely separate accounts, and we keep a joint record of all our joint spending and split it 50:50 at the end of each month. For us, it means that we both have full control over our finances and aren’t “symbiotic” upon one another (for lack of a better word). There’s also a more practical reason too, in that my wife isn’t British and her clients all pay her in her home currency, so a joint account wouldn’t work very well. + +For our combined savings (goal is to buy a house), I pay X amount per month into a Vanguard account, and my wife pays the equivalent into a savings account in her home country. Reason being that we’re not sure where we’ll end up in 5 years time. Probably not the most efficient process but not sure how else to navigate our different currency issue. + +How about you? + +EDIT: why the downvote(s)? Touchy subject? + +EDIT2: seems that someone has been going through and downvoting all comments that are pro keeping finances separate…people are strange sometimes. +Hello all, + +Searched for this topic already in the subreddit and couldn't find anything, so here goes. + +What is an example of a good options strategy to seriously **profit from the US Federal Reserve setting the Fed Funds rate negative (i.e. negative nominal US interest rates)**? + +* Is it just to buy out-of-the-money calls for a way higher price on, say, TLT? Or is there a better way? +* Any good Eurodollar strategies to execute this vision? +* I heard that some sort of butterfly could be an inexpensive way to construct an options trade that profits in excess of 20x if nominal US rates go negative. + +Looking forward to your input. Reading 'Trading Options for Dummies' and dedicated to learning more about the process. Thanks all! +* Tesla: $2+ Billion in BTC and announced they're purchasing more. Just announced Tesla can be bought with BTC. +* Elon Musk, Tesla CEO: Believes BTC is better than fiat and is protecting his own wealth with BTC. +* Jack Dorsey, Twitter CEO: Believes BTC will become currency of the internet. +* Michael Saylor, MicroStrategy CEO: Believes BTC is the best hard asset in human history. +* Michael Novogratz, billionaire: 30% of his wealth in 'cryptocurrencies'. +* Winklevoss Twins, billionaires: held BTC through 2017 spike and 'crash' and still holding today. +* Barry Silbert, net worth $500m: Hodls BTC. +* Many more billionaires who I can't be bothered googling. + +Do you think they're panic selling right now or still holding like do they with every other asset they own? +Earnings: $1.45 vs. $0.98 per share expected + +Revenue: $11.98 vs. $11.30 billion + +Expected Free cash flow 619 million vs. -319 million expected   + +Cash • Operating cash flow less capex (free cash flow) of $619M in Q2 + +Net debt and finance lease repayments of $1.6B in Q2 + +In total, $912M decrease in our cash and cash equivalents in Q2 to $16.2B Profitability + +$1.3B GAAP operating income; 11.0% operating margin in Q2 + +$1.1B GAAP net income; $1.6B non-GAAP net income (ex-SBC1) in Q2 + +28.4% GAAP Automotive gross margin (25.8% ex-credits) in Q2 Operations + +201,304 units delivered which is a 121% increase Y/Y + +Automotive Sales (excluding regulatory credits) were much higher than expected at $10,206 + +Successful launch of FSD subscription in July + +With new deliveries of the Model S to customers, TSLA broke notable records. They produced and delivered over 200,000 vehicles, achieved an operating margin of 11.0% and exceeded $1B of GAAP net income for the first time in our history. Supply chain issues continue to persist with semiconductors and port congestion. + +Notable Notes in the Release: + +"With global vehicle demand at record levels, component supply will have a strong influence on the rate of our delivery growth for the rest of this year. We successfully launched Tesla Vision in Q2, which was mainly possible due to our ability to use data from over a million Tesla vehicles to source a large, diverse and accurate dataset. Solving full autonomy is a difficult engineering challenge in which we continue to believe can only be solved through the collection of large, real-world datasets and cutting-edge AI. Public sentiment and support for electric vehicles seems to be at a never-before-seen inflection point. We continue to work hard to drive down costs and increase our rate of production to make electric vehicles accessible to as many people as possible. " + +What does this mean for TSLA? + +\- This report tells us all talks of Lucid and NIO as competition are obsolete as of right now. TSLA is the very clear top dog of the EV's. + +\- I do believe Tesla will have more competition from Ford and VW than anyone else. Ford and VW will both be able to beat them in costs and production, so this is something Tesla will have to address in the near future. + +\- With less regulatory credits for profit in the future this is only the beginning of what TSLA can do as a sole car manufacturer. + +What now for TSLA ? + +\- As of 7/26 at 5:30 TSLA saw a wild move up with consolidation around 672 for a 2.2% increase. + +\- This would be a very underwhelming move as they beat EPS by about 48%, but the stock is seen by many as overpriced already. + +\- I think one thing we can count on is an uptick of volatility in the near future as we saw in Dec. - Feb. + +Drop some price targets and thoughts on the report below!! + +Edit 1: I would also like to address the unquestionable benefits AI can have for Tesla. As comments addressed, VW and F may outproduce and better price EV, but it is autonomous driving and brain-like interface that will spectate Tesla from anyone else for a period of time. + Former U.S. Treasury Secretary Larry Summers says there needs to be a surge in unemployment to curb inflation, which Federal Reserve policy makers say doesn’t need to happen for price growth to cool off. According to Bloomberg News, Summers said in a speech on Monday from London that there needs to be a lasting period of higher unemployment to contain inflation — a one-year spike to 10%, two years of 7.5% unemployment or five years of 6% unemployment. Put a different way, Summers is calling for the unemployed rolls to swell to roughly 16 million from just under 6 million in May. + +President Joe Biden said he spoke with Summers on Monday, with Biden — echoing his Treasury secretary, Janet Yellen, the former Fed chief — maintaining that a U.S. recession can be avoided. The way Summers framed the numbers suggests he’s talking about what’s known as the Sacrifice Ratio, which is the link between unemployment and inflation. + +According to Jason Furman, the former chair of President Obama’s Council of Economics Advisers, the Sacrifice Ratio in the 25 years before the pandemic has been six percentage points — meaning one year of a six-percentage-point jump in unemployment or two years of a three-percentage-point increase in the jobless rate would be required to knock down inflation by a full percentage point. + +In May, the unemployment rate was 3.6%. What Summers is basically saying is he wants the unemployment rate to rise to a level that would knock a full percentage point off inflation. The Fed-favored core PCE price index cooled to 4.9% on a year-over-year basis in April. + +Current Federal Reserve officials don’t accept that there needs to be such a stark trade-off. The Fed’s forecasts call for the unemployment rate to rise to 4.1% next year in a way that would cool core inflation to 2.3%. Christopher Waller, a Fed governor, said the trade-off was less between inflation and unemployment than between inflation and job openings. + +Jerome Powell, the Fed chair, also said such a stark trade-off wasn’t needed. “Take for example in the labor market, so you have two job vacancies essentially for every person actively seeking a job, and that has led to a real imbalance in wage negotiating. You could get to a place where that ratio was at a more normal level and you would expect to see those wage pressures move back down to level where people are still getting healthy wage increases, real wage increases, but at a level that’s consistent with 2% inflation,” Powell said at the last post-Fed-meeting press conference. + +[https://www.marketwatch.com/story/heres-why-larry-summers-wants-10-million-people-to-lose-their-job-11655800397?mod=home-page](https://www.marketwatch.com/story/heres-why-larry-summers-wants-10-million-people-to-lose-their-job-11655800397?mod=home-page) +As a veteran of WallStreetBets - [made a ‘modest’ $2.5 million there a few years ago](https://www.reddit.com/r/wallstreetbets/comments/80e7x2/the_big_long_made_25_million_in_january_off_100k/) \- I decided to post this here instead of WSB because there’s no chance anyone there would listen. + +I know this won’t be well received, but I’m concerned for a lot of people who’ve been buying GME stock thinking they’re somehow taking on Wall Street. To be fair, those who were early to the trade actually did hurt a couple hedge funds, but the people who followed changed the dynamic considerably. + +I know you guys all want to stick it to the man. Unfortunately, you’ve created a situation where the man is going to screw you, hard. + +What’s one thing hedge funds do that lead to this? + +They find stocks that are overvalued, short them, and then wait. + +What have you all done? + +Created a horrifically overvalued stock. + +Why do you think the short ratio is still more than 100% of the float? + +Who do you think’s been selling you GME at $300 a share? + +The guys who are going to buy it back from you in a month for $30. They have deeper pockets and more margin than Citron, and are perfectly content to wait you out, whether it’s next week or next year. + +*To be clear, I have no skin in this game in either direction, though if I could stomach taking your life savings, I'd be one of the people selling you GME for $300.* + +All this talk about retail investors screwing over hedge funds - you are literally giving those hedge funds all your money. People have leveraged their entire life savings to buy an overvalued stock. You are not beating Wall Street. This is their game. You are giving them your money. + +Yes, it was funny, and Citron and Melvin took a hit on their initial trades. But now it’s open season on everyone who bought in. At the end of the day, you grossly overpaid for shares of a struggling retail company. That is what you now own. + +How do you unwind this position? Is everyone going to hold until they die? What happens if GameStop, like so many other retail chains, goes bankrupt in a couple years, wiping out all the shareholders? + +Even if you hold, you’ll be wiped out long before then. **At these price levels, GameStop’s leadership has a fiscal obligation to start diluting their stock as soon as legally possible.** It won’t matter if everyone holds if there’s suddenly 300% more shares available. + +In the short term, the price could definitely go higher if retail investors have money to keep buying. So what happens if you manage to push it to $500, or $1000? Wall Street will be thrilled to keep selling you more shorted stock just like GameStop will be thrilled to keep printing it. + +There is no way for everyone to unload their positions without losing massive amounts of money. There is no way for everyone to hold their positions without losing massive amounts of money. + +You are playing Wall Street’s game and they are happy to take your money. This is going to end badly and is going to hurt a lot of people who can least afford it. + +Congrats to everyone who made a killing with buying options early - even though they used the rest of you to inflate the stock price. But for everyone holding the stock - I wish you the best luck. +Absolute armature here. This is an honest question. + +My logic: +1. Increasing interest rates is a way to decrease demand by reducing household spending. + +2. Increasing (temporarily) GST from day 10% to day 30% on non essential items-and possibly expanding the non-essential list-would divert a similar amount of money away from what are mainly high logistics products (overseas) products and “luxury” items and make them so expensive that people would think twice about purchasing. + +3. This would allow us to soften the blow on home owners and perhaps give the government some more time to increase supply in the housing market that hopefully would counter demand. + +This maybe one of those dumbass level ideas and I certainly wouldn’t be able to defend any criticism to it. I am very interested to hear why this wouldn’t work I the than the obvious “the fed doesn’t control gst so it’s harder to do, because government …” argument + +Update: I really enjoyed having this discussion with all of you. Obviously the subject is complex but it was fun playing what if. Thank you all for you thoughts on this, I think I have gained a lot of perspectives that I didn’t have before. +I’ve just finished paying off a $3000 latitude finance card - a huge deal for me. + +It’s taken me 3 days to try and close this thing. It can’t be done online so I have to ring during business hours when I’m at work. Fine. Except when I call I get cut off, or “the department is not available or closed”, or the wait time was too long and I had to hang up. + +I will keep persisting no doubt but i can see how easy it is to leave these things open when no one wants to help you close the thing. +Hi All + +I’ve noticed A LOT of posts about “what to do” given the market volatility. + +Well, I am going to put forward a very controversial view, I am doing nothing differently. I’m going to max my super into an aggressive fund, keep my emergency fund topped up and making weekly deposits into my ETF portfolio and not checking the market too frequently. This is consistent with a lot of studies as a very strong and good approach. + +When things settle down, I’ll look to rebalance my small amount out of bonds / cash into equities. I’ll also look into starting some small leverage via a equity builder account. + +I hope everyone is ok, this is a somewhat scary time for some, but if anyone needs to chat, please message or post here. We should all be there for each other to make sure we don’t make mistakes or lose our long-term strategies and ultimately our money. + +Best of luck all. Enjoy life as the markets ain’t everything. +I'm in the beginning stage, but at some points it just feels like brute force principle savings. What dollar value in assets started snowballing for you (and what asset allocation did you have)? +I’ve already read two threads on here about “what to do if you win the lottery”, but I have more questions. + +I won a large sum a few months ago. I feel lucky and relieved, but really not that much different. I wasn’t too worried about money to begin with, so I’m not out of my mind happy or anything. I’m 30 years old. No wife or kids. Only my brothers know about the money. One has suggested I post here for advice given my situation and said that it could help me think through my options. + +After I paid off all debts (credit cards, car, student loans, etc.), budget $8k for a vacation of a lifetime for me and my brother, and put $50k in an FDIC insured savings account for an emergency fund, another $50k in a tax-deferred IRA (I’m self-employed so apparently that’s my yearly limit from what I’ve read), I’m left with about **$750,000**. Right now, it’s all sitting in a savings account at the bank earning essentially nothing because I’m too scared to do anything else with it. + +My goal of the money: I’m not planning to quit my day job (self-employed and about $60k a year), my goal with the money is to invest it and let it grow. In 5 years when I settle down, I’ll want to buy a house, and in 20 years I’ll want to retire. So, basically house + retirement. + +I know this may be weird and irrational, but I refuse to hire any financial advisor who will take a percentage of my wealth just to manage it. I view them as scam artists. + +My brother is telling me to put all of it all into a Vanguard mutual fund and forget about it. But the market is pretty close to an all time high and I’m terrified of putting it all in just to watch the market crash. Isn’t the age old adage “buy low, sell high” – and if so why would I buy high on purpose? + +My plan right now is for it to just sit in the savings account until the stock market crashes, and then to put it all in (perhaps vanguard mutual fund like my brother says), but the rational side of my brain is telling me that that is really stupid and the stock market may never drop and I may just miss out on years of gains. + +What are my other options? Are there other investments I should consider that can get me more than a lame 1% CD, but not be as volatile as the stock market? I just want to make a safe 3-5%... I’m not looking to get greedy and invest with a Madoff or anything. But I’m so scared of losing all this life-changing money that could pay for a retirement one day. + +Am I completely nuts for not wanting to hire a financial advisor or put all of my money in the stock market when it’s essentially at an all time high? Are my worries rational and common? What are my best options? + +Sorry if this was rambling. I’m willing to answer any questions anyone has. + +Location: San Diego + +(p.s., I know the IRA is investing in the market, but it’s got special pre-tax money, so I feel differently about it). + +edit: please stop PMing me and asking for money or my secret for winning the lottery. +Also, verification was sent to a mod who asked for it. + +Hi all, + +I'm sorry for the super noob questions: + +My brother would like to set up a btc mining operation using solar with tracking (meaning the solar panels tracks the sun), and is trying to raise $2 million in capital. Is this a worthwhile endeavour? He never uses Reddit so I figured I’d ask for him here. + +I've read many posts from people asking if it's still profitable to mine btc, and pretty much everyone says it's just not profitable anymore. But I assume that's for the average joe with a small budget. + +Please educate me, + +QAR +So obviously things are going great right now, and I think they will continue to do great over the next few years. But when I hear people envisioning their early retirement or being able to travel the world or actually buy a lambo, I get worried. + +We have to remember that crypto is a risky investment and while there is a universe in which your portfolio gains 100x in 2018, there's also a world in which you gain 2x. Or break even. Or even lose a lot of money. + +When you start thinking about truly life changing events like retiring early, that can be really intoxicating. A thought like that can become your primary source of happiness. But the reality is, that dream may not be realized, and if that happens, that reality setting in could be brutal. + +I just want everyone to temper their expectations a bit, and just try to stay level headed. I know that can be difficult with what's going on right now, but try to take a step back and evaluate from a more rational perspective. Keep the dream alive, but also don't neglect the other possible outcomes. + +EDIT: Look guys, you don’t have to justify your investments or explain why this doesn’t apply to you. All I’m saying is don’t expect to be able to retire early because it seems to be trending in that direction. Temper your expectations so you don’t feel terrible if it doesn’t work out that way. +# Two basic rules. + +**1) Write down your seed phrase and put it somewhere safe. Do not screenshot it, do not write it down in a digital format.** + +**2) Never share your seed phrase with anyone. If someone asks for it, they're scamming you.** + +When you create a new wallet, you will most likely be presented with a "seed phrase", "recovery phrase", "recovery word list" or something of a similar name. It will be a numbered list, likely 12 to 24 words long. **Do not underestimate the importance of this list**, and do not simply breeze past it like an EULA! + +**Write these words down, numbered, in order, and store that paper somewhere safe!** Better yet, stamp them into something resistant to corrosion or fire damage, like stainless steel or titanium (no, I'm not joking). That list of words **is** access to your newly created wallet address. Whatever device you have your wallet app on, in the event your device fails, gets lost, breaks, etc., you will need your seed phrase in order to recover access to your wallet address once you get your wallet app installed on your replacement device. + +For example... Say you have your favorite wallet app installed on your phone. You have easy access to all your coins, tokens, NFT's, etc. One day your phone simply fails to boot up. You go to restart it, but no luck. Who knows why it died, maybe you got pushed into a pool while it was in your pocket, maybe you dropped it when you were taking selfies skydiving. In any case, time for a new phone. + +Have your seed phrase tucked away in a safe? Awesome. Simply install your favorite wallet app on your new phone, and recover your wallet address via the seed phrase. Easy-peasy, lemon squeezy. + +Neglected to write down your seed phrase? **Ouch.** Whatever you had in that wallet is now just chilling safely on the blockchain, but you have no way of accessing it. Tokens and coins are replaceable, but the NFT's you had? For all practical purposes, they're gone. **Customer service will not be able to help you. No amount of, "I want to speak to your manager!" will get your coins, tokens, or NFT's back.** + +I see far too many *"I lost access to my wallet, how do I get back in?"* posts on various other subs, and I'd hate to see people get burned by jumping into something without knowing the importance of this. +# 0. Preface + +I have published some *very* lengthy DDs of late, so let me keep this one slightly more snappy! This question came to me when reading through [u/DarraghGogarty](https://www.reddit.com/user/DarraghGogarty/)'s extremely tit-jacking, speculative thesis on why Ryan Cohen met with Carl Icahn: + +[https://www.reddit.com/r/Superstonk/comments/y7gqdh/carl\_ichan\_is\_not\_going\_to\_buy\_gme\_shares/](https://www.reddit.com/r/Superstonk/comments/y7gqdh/carl_ichan_is_not_going_to_buy_gme_shares/) + +https://preview.redd.it/e8no2q9txpu91.png?width=734&format=png&auto=webp&s=078e869651b6175d7eeca62d29d9f1669099d165 + +There were some questions asked in comments about what this might do for the short positions in both GameStop and the Towel Stock. Specifically, I think some Apes were wondering whether an M&A might result in **forced closing** of short positions, and I believe the short answer to this is: NO. For a longer and more concise answer, see below an explanation by u/Consistent-Reach-152, which is also my understanding of these mechanisms. (If this is incorrect, please let us know.) + +[https://www.reddit.com/r/Superstonk/comments/wynr05/comment/ily8me5/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/wynr05/comment/ily8me5/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/rhmavjfmypu91.png?width=683&format=png&auto=webp&s=2d81bb89805101c3a145685d567e91d51ef68e09 + +However, depending on the nature of an M&A deal, I believe it could lead to conditions where short sellers are squeezed out of their positions. Let me explain further in this DD. + +&#x200B; + +# 1. Types of M&A Deals + +First let us look at the three kinds of M&As: + +**All-Cash Deal**: This is when the acquiring company makes an offer to buy out the target company, by offering a premium above the current stock price. This adds value to the stock held by the shareholders of the target firm, as they would receive more cash for their holding than the share price made at the time of the acquisition offer. The deal would be secured through cash only, as the name implies. + +**All-Stock Deal**: This is a less popular form of financing an acquisition, in which the acquiring firm offers their *own* stock in exchange for the shares of the target company. Typically the respective share prices and outstanding share volumes are used to calculate an attractive offer, such as 4 shares of the acuiring company for 1 share of the target company. Thus no cash is involved in the deal, as it is effectively completed through an "exchange" of shares of the two firms. + +**Combination Deal:** This is, of course, one which contains some portion of the two types above. They could also include other asset types, such as debt of some form (e.g. corporate bonds). + +The most notable difference between the two main methods is that an All-Cash Deal makes it explicity clear what price the acquired company's stock is set at. This thus precludes the possibility of instigating a short squeeze, as natural price discovery is impossible with the target price already being set. An example of such a deal took place earlier this month, as outlined in this article below: + +https://preview.redd.it/r8adqf7o2qu91.png?width=990&format=png&auto=webp&s=21a37e8d0749fb00afa3044d543ce467ebc838e8 + +As I mentioned earlier, All-Cash Deals are the most common type of M&A, as the terms are very clear from the outset. For example, here are the statistics for 2020: + +https://preview.redd.it/ln6kwkwq3qu91.png?width=562&format=png&auto=webp&s=0331a945225db0b75faf6721618ae98637feeafc + +The main reason All-Stock Deals are not as popular is due to the increased risk involved in such transactions. There can be a significant length of time between such a deal being proposed, to it being approved by shareholders, and then meeting regulatory approval. During this period, the stock of the two companies will continue to be traded, giving investors opportunity to price in a "fair" value for what they believe each share price should be in the event of the deal going through. Such uncertainty carries intrinsic risk, hence why All-Stock Deals are less popular than the safer play of All-Cash Deals. + +&#x200B; + +# 2. Redbox and Chicken Soup + +However, I looked into what effect such proposed deals could have, when one or more of the companies involved specifically have high short interest. One interesting example is an M&A that took place this past summer involving two media firms, Redbox Entertainment and Chicken Soup for the Soul Entertainment. Here is the press release made by Chicken Soup, on 11th May 2022, annoucing their proposed buy-out: + +[https://www.globenewswire.com/news-release/2022/05/11/2440722/0/en/Chicken-Soup-for-the-Soul-Entertainment-to-Acquire-Redbox-Creating-Premier-Independent-Entertainment-Company.html](https://www.globenewswire.com/news-release/2022/05/11/2440722/0/en/Chicken-Soup-for-the-Soul-Entertainment-to-Acquire-Redbox-Creating-Premier-Independent-Entertainment-Company.html) + +https://preview.redd.it/25kk62kg6qu91.png?width=1249&format=png&auto=webp&s=f5630d935527518b26e12340dfb77085ab8016f8 + +The most relevant part of this annoucement to us here is the following: + +https://preview.redd.it/2whl4myt6qu91.png?width=1238&format=png&auto=webp&s=d9444ec976621391736533ed0f3933b75c163269 + +What effect did this have on the stock of these two companies, during the course of the summer while this deal was playing out? Well, first have a look at the Short Interest in this stock - here is an article from June, when this was all playing out: + +[https://talkmarkets.com/content/stocks--equities/short-report-redbox-takes-the-mantle-from-gamestop-as-short-squeeze-darling?post=357602](https://talkmarkets.com/content/stocks--equities/short-report-redbox-takes-the-mantle-from-gamestop-as-short-squeeze-darling?post=357602) + +*Estimated short interest in Redbox Entertainment (*[*RDBX*](https://www.talkmarkets.com/symbol/RDBX)*) has gone parabolic since early May, jumping from low 50% to mid-100% in the first half of the month and reaching a new record high of 224% this week – a 55 percentage point increase.* + +https://preview.redd.it/mtrfxp0saqu91.png?width=675&format=png&auto=webp&s=e8c51efb3f95f55f65759168132019861cb53bd7 + +My conjecture is that the Short Interest increased in such a way due to "hidden" short positions being forced out into the open, by the surge in Redbox's stock price. And how did that play out? Well, here is the chart from Fintel which also shows massive amounts of FTDs as well, hence likely pointing to Redbox having quite a lot of the fuckery going on with it which has affected our own beloved GME: + +[https://fintel.io/ss/us/rdbx](https://fintel.io/ss/us/rdbx) + +https://preview.redd.it/13y2j0efbqu91.png?width=1081&format=png&auto=webp&s=5be6447492f6fa6e268bbfb8774122a6020ab5f0 + +It is difficult to tell from this chart, but upon the announcement of being an acquisition target for Chicken Soup, its share price fell to a low of $2.42 on May 13th. However the short squeeze that took place from late May increased the price to a peak, precisely a month later on June 13th, of $18.20 - **a +652% short squeeze.** + +Remember, though, that these All-Stock Deals are exchanges of two companies' stock. So what happened with Chicken Soup for the Soul Entertainment's stock? A **+183% short squeeze** here also, again amid very high FTDs, from May 12th through to the day before the deal was finally completed on August 12th. + +[https://fintel.io/ss/us/csse](https://fintel.io/ss/us/csse) + +https://preview.redd.it/ezoo0nnvgqu91.png?width=1070&format=png&auto=webp&s=316b74422676d649793b8e2ad656567760adc214 + +&#x200B; + +# 3. Support.com and Greenidge + +Here is an example of a Combination Deal resulting in a short squeeze, this time from last year. The two companies involved in this case were the NASDAQ listed Support.com and the then-private Greenidge Generation Holdings, announced on March 22nd, 2021: + +[https://www.businesswire.com/news/home/20210322005353/en/Bitcoin-Miner-Greenidge-Generation-Holdings-Inc.-and-Support.com-Inc.-Nasdaq-SPRT-Announce-Merger-Agreement](https://www.businesswire.com/news/home/20210322005353/en/Bitcoin-Miner-Greenidge-Generation-Holdings-Inc.-and-Support.com-Inc.-Nasdaq-SPRT-Announce-Merger-Agreement) + +https://preview.redd.it/s3o7s13sfqu91.png?width=984&format=png&auto=webp&s=058914961a0d9b8d0a0b9e3f16e73995d9603269 + +Again, here is the most notable part which details the terms of the deal: + +https://preview.redd.it/kjdiqv22gqu91.png?width=981&format=png&auto=webp&s=48c5294ca2e6dc5091bf1b8bba1183e4fd6c6d34 + +This was a slower play than the previous example, with the merger finally being completed about six months later on September 14th, 2021. However Support.com began to make the headlines by mid-year, when the 60% Short Interest-stock began squeezing as short sellers struggled to maintain their positions: + +[https://www.cnbc.com/2021/08/30/supportcom-shares-soar-another-40percent-as-meme-traders-pile-into-the-heavily-shorted-software-company.html](https://www.cnbc.com/2021/08/30/supportcom-shares-soar-another-40percent-as-meme-traders-pile-into-the-heavily-shorted-software-company.html) + +https://preview.redd.it/abu4xz23iqu91.png?width=970&format=png&auto=webp&s=534fa58c4229e578a038455f51fad443355df528 + +The final upshot can be seen in the chart, prior to the stock being de-listed in the build-up to the merger: + +[https://fintel.io/chart/us/sprt](https://fintel.io/chart/us/sprt) + +https://preview.redd.it/1xs9swxziqu91.png?width=1454&format=png&auto=webp&s=38cc6411059f777d0d1213ac8d89624b4135525f + +From a low of $2.10 just before the merger announcement, a rally that took it to a high of $59.69 on August 27th, 2021. That's a **+2742% short squeeze** right there... + +&#x200B; + +# 4. DIAC and Dual + +The final example I want to provide is not from the US markets, but further afield to again show what effects All-Stock M&A Deals can have on short sellers' positions. I made a post about this particular short squeeze on this sub back in February, which was an example from the South Korean markets: + +[https://www.reddit.com/r/Superstonk/comments/t10xpr/serves\_them\_right/](https://www.reddit.com/r/Superstonk/comments/t10xpr/serves_them_right/) + +https://preview.redd.it/np9d2jizjqu91.png?width=608&format=png&auto=webp&s=6cceb2ac337a1a0c08a0c6b5669ef71cf3f3f2b5 + +As per the Financial Times article: + +[https://www.ft.com/content/cc21e7b9-f931-4481-a82b-4ed892aa9e10](https://www.ft.com/content/cc21e7b9-f931-4481-a82b-4ed892aa9e10) + +*Short sellers of DIAC, whose trading was halted on the Kosdaq last March because of audit failures related to financial problems, are expecting losses after the company split and merged with its auto parts affiliate Dual through a share swap.* + +*The short positions were worth about $13.5mn at the time of the stock suspension and had increased to $930mn as of last week, said traders. Less than five per cent of DIAC shares were held short when the stock last traded. Investors shorted the company because of uncertainty over the value of an anticancer drug it was developing in clinical trials. But since the trading suspension, the stock’s value has jumped 69 times, while Dual shares have increased more than 1,500 times from Won107 to Won161,000 (US$0.09-$164) on the K-OTC market since September.* + +Yes, you read that right. On just *5% Short Interest*, the company called DIAC had a price jump of its stock of an approximate **+6900% short squeeze**. And as for the other firm involved, Dual, the article does not detail what the Short Interest was. However it was likely slightly higher, as this All-Share Deal saw its share price balloon through a **+150,000% short squeeze**. *That's* *150 thousand %* *for those of you at the back!* + +&#x200B; + +# 5. What does this have to do with GameStop? + +Let me go back to the post I referenced in the Preface, by [u/DarraghGogarty](https://www.reddit.com/user/DarraghGogarty/): + +[https://www.reddit.com/r/Superstonk/comments/y7gqdh/carl\_ichan\_is\_not\_going\_to\_buy\_gme\_shares](https://www.reddit.com/r/Superstonk/comments/y7gqdh/carl_ichan_is_not_going_to_buy_gme_shares/) + +https://preview.redd.it/h8d3zdl2mqu91.png?width=736&format=png&auto=webp&s=a1f8b39c660fff7c56d41e397f3936fd18c49bc4 + +Let us say things play out exactly as specified above. + +We know that Towel Stock is in the "Meme Basket" alongside GameStop, likely by the same short sellers, with very high Short Interest. Should Icahn Enterprises carry out step 1 above using an **All-Stock Deal**, it may result in a similar short squeeze to one or two of those I have exampled above of Towel Stock's shares. And then if GameStop carries out a buy-out of BABY from Icahn Enterprises, which involves an **All-Stock Deal** share swapping of GME, well that could result in a short squeeze of its stock. + +The key here could be the 1-2 combination. Step 1 puts the shorts on the ropes, given Towel Stock's very high Short Interest. But step 2 is the final knock-out blow, as GameStop has likely the highest Short Interest ever seen in the history of capitalism... And if this were to be what takes place in the coming months then, my dear Apes, I believe it delivers MOASS. + +&#x200B; + +# 6. TLDR + +M&A deals typically involve All-Cash Deals or All-Stock Deals. All-Cash Deals are far more common, as it results in an acquisition price being set, but prevents short squeezes. However All-Stock Deals can result in continued trading of the shares of the companies involved. Until the final deal is completed, this could mean large changes to share prices. In this DD, I have provided some examples of huge short squeezes of companies that had high Short Interest, and who were undergoing All-Stock M&A Deals. If such a corporate action were to play out involving GameStop, such as through some collaboration between Icahn Enterprises and RC Ventures/GameStop, it could well mean lights out for Kenny & Friends. +This is my first stock purchase ever. I'm 27, I've had money tied up in a house for the past several years, and have idly sat on the sidelines as certain stocks I flirted with in 2016 went up exponentially (AMD, I see u). + +I am a layman when it comes to Stocks, and ETFs, and Calls/Puts etc. I opened a Schwab account a couple of weeks back and bought 20K of APPL @ around 127.00 (I was scared it would jump, if I sat around waiting for a targeted stock price). I posted here prior to making that move, and was generally pointed towards ETFs like VTI, VT, and the like. But Idk, APPL's trendy and seems, almost criminally, underrated. I plan to @ least hold this investment for 5 years, maybe longer. + +Part of me did want to go the tranquil route of ETFs and Mutual Funds, but I do not know. Chalk up to being a desperate millennial looking for a safe alternative to Meme Stocks/Crypto, or long term speculation. Regardless, I sit comfortably positioned and as confident on APPL as I would on any ETF. + +Again, I'm a novice. Help me find da way. I do have another 10-15K or so (not my emergency fund, I promise) just sitting around in a savings account. I am tempted to double DWN if APPL dips. +https://www.ft.com/content/3d5a79c4-c468-11e7-b2bb-322b2cb39656 + +Full text below : +> This was supposed to be Tesla’s moment of triumph. The California electric car company had confidently predicted it would be pumping out 5,000 of its mass market Model 3 vehicles each week by the end of 2017. That volume would allow it to move out of its high-end niche and compete head to head with traditional automakers. + +> Instead, Tesla has been beset by a series of production snags — some workers are having to build battery packs by hand, parts have been delayed because of late design changes, and production lines are frequently halted for quality inspections. As a result, it was only able to produce 260 Model 3 vehicles in the third quarter, and has pushed back its 5,000 car per week goal to the end of March. The company also reported a bigger than expected third-quarter loss. + +> Tesla insists that these are merely teething problems as it remakes car manufacturing from the ground up. “There are no fundamental issues with Model 3 production or its supply chain, and we are confident in addressing the manufacturing bottleneck issues in the near-term,” a spokesman said. + +> The company proudly noted that some of its manufacturing lines — including the seat assembly and paint shop — have “demonstrated a manufacturing ability” to handle 1,000 cars a week, and others have demonstrated “burst builds of about 500 a week”. + +> That still puts its factories in California and Nevada a long way from 5,000 cars a week. Although deliveries of the high end Model S and X are up, the company recently removed references to scheduling test drives from its Model 3 information page. That suggests that it will be a long time before ordinary drivers get anywhere near a Tesla electric car. + +> Tesla counters that focusing on production numbers misses the point because it is more than “just” a carmaker. As outlined in founder Elon Musk’s “Master Plan, Part Deux” last year, Tesla is seeking to create a “sustainable energy economy” by supplying solar panels, home energy storage and fully autonomous electric cars and trucks. + +> Some investors are sceptical. Tesla’s share price is down more than 20 per cent since mid-September, and it is the most shorted US stock by dollar volume, according to figures from analyst S3 Partners. Investors who believe the share price will fall have placed bets worth $8.2bn. That is equivalent to 16 per cent of shares outstanding, according to Bloomberg data. (To be fair, this is down from 27 per cent in March 2016.) + +> The doubts are well founded. As of last month, the total number of Tesla vehicles ever produced reached 250,000. Volkswagen and Toyota each make that number every 10 days. The traditional carmakers have decades of experience that give them real advantages in building efficient production lines and managing long supply chains. + +> While Tesla has been grabbing all the headlines, General Motors has been quietly building mass market electric cars. In the 10 months to October 31, it has delivered 17,083 of its brand new Chevrolet Bolt fully electric vehicles and another 16,710 Volt plug-in hybrids. It also promised that it would produce at least 20 new electric models by 2023. + +> The market is listening. GM shares are up 30 per cent in the past 12 months, and it has reclaimed its crown as the most valuable US car group, after briefly losing it to Tesla. GM is gaining market share in conventional cars and many investors believe that it is better positioned than many peers to survive the coming shift to electric and driverless vehicles. Not only does GM have the Bolt, it also put $500m into ride-hailing company Lyft in early 2016. + +> Former GM vice-chairman Bob Lutz recently made waves by predicting the “end of the automotive era” by which he means that individuals will cease to own and drive cars. He predicts that power will shift to fleet owners — including the ride-hailing apps — and tech groups such as Uber and Waymo, Google’s self-driving car division. + +> Even if he is right, there will still be a need for reliable, well-made vehicles, and somebody is going to build them. And the traditional automakers have long and proven track records. + +> Mr Musk may yet be able to pull a technological rabbit out of his hat, much as Henry Ford revolutionised manufacturing by installing the first assembly line in 1913. But until he does, investors would be wise to remember that managing mass production and long supply chains is not an easy task. Failures can be costly — and deadly. + +> Tesla was brilliant at building buzz about electric cars. But it may not be the one to profit when its efforts bear fruit. +I can control the entire stock market with only 2 ETF's. + +TQQQ and SQQQ. You might be wondering, how? + +Well it's simple. Every time I purchase TQQQ, the stock market immediately declines. Everytime I purchase SQQQ, the market inclines. + +It has become evident that I alone, can mitigate a stock market crash by purchasing at least 1 SQQQ a day. Unfortunately, I'll need some funding if I want to do that. + +No, don't ask me to do any favors for you. Just remember, when the mountain peaks or the valley bows, I have purchased a share. +# What is going on right now? + +OK the price is low right now, prices have been falling and the whole market is fearful. Some people much smarter than me would say that this the time to buy, because this is when people get rich. Buy when there is blood on the street. Be greedy when others are fearful. That's all good and well, but for the rest of us that are fully invested - what the hell is happening? + +# The Fed + +The US federal reserve recently announced that they will begin hiking interest rates and tapering their purchases of securities - why does this affect cryptocurrencies? The current economic environment was one of extraordinary monetary policy. The money printer was on full throttle and interest rates were at near zero for a huge amount of time. What was the cost of this? inflation. Now that inflation is up, the money printer has to be shut off, and interest rates have to be hiked. This is bad news for companies with a lot of debt (like tech stocks with high future growth priced in). So traders, hedge funds, retail investors start cutting trades, and taking profit. Also to fund their safer bets they need to sell riskier assets... it's a risk off environment. So risk is coming off, what is perceived as the riskiest asset out there? Cryptocurrencies. So we see trades unwind, as people panic. For context this is not just SCLP, or cryptocurrencies. At the time of writing NFLX is down 20%... + +&#x200B; + +[Risk off](https://preview.redd.it/0xv9rhv890d81.png?width=1326&format=png&auto=webp&s=123fcb75d5657b94cc30fbd290db5a83629f5753) + +The S&P has broken out of a long term channel .. + +&#x200B; + +[Left chart is S&P - which defines risk in the market, bitcoin is a much smaller market and so follows in its wake.](https://preview.redd.it/rb7fw46e90d81.png?width=2754&format=png&auto=webp&s=0063b1a820fe2912fc41de401eb4b663ceb86f9c) + +&#x200B; + +# So what should I do? + +Ask yourself a few simple questions - what is my investment horizon? What is my long term view on cryptocurrencies, and my chosen projects? + +You need to look for projects that are tangible. You need to look for projects that you believe in. If you are feeling a mental strain, perhaps this is your first foray into the crypto markets - I would suggest making sure your investments are not too much for you to mentally handle. If you feel you are too at risk, then rebalance into less risky assets. Buy some bonds, which will do well in the increased interest rate environment. Then take a walk, live your life. The markets are volatile, they go up and they go down, but fear won't control the market forever. Think about why you invested in the space in the first place and ask yourself, has anything changed? + +# We are in this together + +You are not alone. We will profit together, and people will think that the journey there was so easy - but we have to suffer to get there, which is something that the everyday person doesn't get. The pain we had to face along the way. It's a tale as old as crypto. Stay strong! +I have recently shared my latest project with you guys - a trading algorithm connected to Binance that buys cryptocurrencies based on how positive the daily news sentiment is for the top 100 crypto news feeds. + +With the help of some talented Redditors and GitHub contributors, the algorithm is now more powerful than before, allowing you to further configure how you would like it to trade. + +Many of the improvements made, were actually suggested by you in the previous post, so thanks to you all, there is now a better news algo that we can all use! + +The algorithm analyses the news sentiment from biggest crypto news sites, and automatically decides what coins to buy or sell based on how many times a coin is mentioned across all headlines, and how positively or negatively it's depicted in the news headlines. + +I've been working on this project for about a month now, and I can say that the bot is now in a state where it can be used and it's stable! I haven't yet tested it on the mainnet but I will put together some reports on its performance on the testnet and will post on here. + +&#x200B; + +Here is the link to the open-sourced project: + +[https://github.com/CyberPunkMetalHead/Binance-News-Sentiment-Bot](https://github.com/CyberPunkMetalHead/Binance-News-Sentiment-Bot) + +And here is a step-by-step guide if you would like to set the bot up yourself but you need some more guidance on how to do so: + +[https://www.cryptomaton.org/2021/04/17/how-to-code-a-binance-crypto-trading-bot-that-trades-based-on-daily-news-sentiment/](https://www.cryptomaton.org/2021/04/17/how-to-code-a-binance-crypto-trading-bot-that-trades-based-on-daily-news-sentiment/) + +This is a guide on how to set up the base version, not including the latest updates, for a guide on how to add additional featured to the bot please see: + +[https://www.cryptomaton.org/2021/04/24/improving-binance-news-trading-algorithm/](https://www.cryptomaton.org/2021/04/24/improving-binance-news-trading-algorithm/) + +If you do follow either guides, I suggest working off of the code posted on GitHub as that contains the updated latest version of the algo. + +Happy coding! +Have you guys noticed watching the price throughout the day, you can feel when computer share transfers are executing their buys... + +You can feel the price not get slammed to the dirt every day + +You can feel the impact of the shares being pulled out of the liquidity pool and into the forever pool + +The price suppression is getting harder... + +Ever since the second mass migration to CS, the price has been holding steady above 200 and you can really feel how the grips of control are slipping. +I have an account with one of the biggest, if not the biggest bank in our country. I live in a third world country where not many people are aware of finances and how banks operate. I always had suspicions that financial institutions used this to their advantage, but I never had proof. Until today. + +I am a very cautious fella who asks for an explanation on every matter, especially finance, I am really careful with the little money I have. I try to save more than 65% of what I make since I am still at an age where I can live with my mom. + +I check my account every after 1 or 2 weeks. Recently, I made a withdrawal from payoneer to my local account. As usual, I know my bank takes $6 from every International withdrawal I make. This time though, they though I wouldn't notice if they snatched an extra dollar from my account. + +3 days after receiving my money and them taking their $6, they decided to charge an extra dollar and wrote on my bank statement that it was a government tax from my previous transaction. On my bank statement, you can literally see that they have charged the tax, named VAT, twice, both times taking the same amount thinking I wouldn't notice. + +I called them today, the person I spoke with didn't seem to have an explanation, she just minced words, then said they'll get back to me on Monday. I think they've realized that I caught up with their bullshit, and they are now looking for some bullshit explanation. + +My questions are, since when do they deduct transaction fees 3 days after the transaction?. It has never happened before, why now?. These guys are thieves, I can't imagine how many ignorant people they have done this too. Such a large corporation shouldn't participate in such cheap thievery. + +Be careful with your money, Always check your account, and always inquire about anything you do not seem to understand. It is your money, not theirs, you worked hard for it. I will Inquire about the $1 until they return it or give a really reasonable explanation as to why it is missing. These greedy bastards will return my money. +So, just curious about the logic behind this pricing of my favourite Kefir dairy drink in Coles. It is initally priced at $7.5 which I find bit too much...but then like a clockwork after two weeks, there is most of it left on the shelves and it goes down to $5 and that's when I buy it. It is not the expiry date as it lasts for a month more at least so why would they do this? + +Why not price it at $5 all the time and sell it faster? Is this some strategy to sell couple at higher price first and then lower it to clear it all? + +I just find it odd...it happens every time. +I’m refinancing my properties and loaning a decent amount of cash to buy a business and I was told I’d be signing on PEXA at the start of December. It’s now mid December and I have spoken to the new account manager and he’s saying it’s unlikely that anything will be happening before March now. +I have now got to deal with a vendor who is pissed with all the delays. I started the process of signing paperwork at the start of September, now I’m looking at handover in March. +How do I respectfully escalate this to get it done quicker? +https://www.smh.com.au/business/markets/lightning-fast-wartime-response-from-policymakers-may-have-saved-us-from-a-global-depression-20200405-p54h8b.html + +Ctrl + F inflation 0 results + +Ctrl + F unemployment 1 result + +>There is some permanent loss but pent-up demand and a V-shaped recovery later claws back most of the lost GDP + +Seriously, what am I missing? This doesn't seem plausible to me. Is the consumer really going to go back to spending as per normal once all this is done and after being unemployed or stood down for 6 months? +I sold a property in 2016 in Spain that I had bought in 2005, at a 28% loss. Most of my friends and relatives bought around the same time so I have plenty of examples for my points of view below. I thought these could be of interest to you. + +I think there’s going to be a price correction in Australia, hence I will not buy a property unless I am happy to stay in that same place in the very long term. I will keep on renting in the meantime. The people I know who bought a less than ideal apartment in Spain just to get into the property ladder are now trapped. Their properties values have collapsed and therefore they cannot upgrade. I’m talking families living in small apartments in not so nice neighbourhoods, who were happy there when they were childless but are now in a very difficult situation. However, those who were more daring and went to the very limit of what they could afford, to buy something for life, are now better off as interest rates dropped, and their mortgage payments are lower (other than the ones who lost their jobs and ended up losing everything, which there were plenty of). + +Other points from my experience: +When prices were going up very fast people settled for purchasing properties that had one or more ‘buts’. I mean they bought something well located but without parking, or affordable but with a windowless bedroom, or spacious but with a weird layout, or nice and cheap but in the very far outskirts. Those are the places which value dropped the most when the property crash hit. + +The property crash in Spain was associated with a series of other socio-economic events that created feedback loops. Lower prices brought the building industry to a halt, unemployment increased, people without jobs couldn’t buy houses and migrants left and/or stopped coming, reducing demand for housing and pushing prices even further down. + +Right now, housing supply exceeds demand. Selling is difficult regardless of price because there are few potential buyers, whereas there is plenty of supply. And banks are extremely strict in their requirements to approve a loan for property buyers. Employment is scarce and uncertain for many, who will be very unlikely to be approved for a mortgage, so they can’t buy. + +Rent prices went down together with sale prices, mostly for the places with one or more ‘buts’ as I described them above. As a side note, renting is a tricky deal for landlords in Spain. If a tenant decides to stop paying rent it may take years to have him evicted. + +Hope this helps you guys. + +(Throwaway account because I would rather stay anonymous) +(English is obviously my second language so please don’t be too harsh on my grammar) + + +EDIT: I tried to avoid this thread focusing on whether there will be a crash in Australia or not (speculation). It was supposed to be about the consequences on the crash that happened in Spain (fact). I failed hahaha... + +Hey guys + +I am currently 23 a bit stuck on what to do with my $120k in savings I am fairly sceptical whether or not I should invest in ETF even though there is a low risk. Been working full time since I was 18 I do plan on studying on evenings at TAFE next year. My current salary is 60k with almost 20k in super no debts and still living with parents. + +Thanks a lot +If I bought 10 shares of a stock which was $10 a share ($100 total), and I have $10 in unrealized gains (so $110 total) from the stock appreciating, should I "realize" those gains and buy another share of that stock? why or why not. +The concept: create a bank account. Every time you are offered insurance coverage or extended warranty coverage on a product or service, don’t purchase that coverage, but instead deposit that money in your self insurance fund. + +Every time you have something break that would have been covered had you purchased the warranty/insurance, deduct from the account to pay for repairs/replacement. + +I’m betting that just about everyone would have a significant positive balance in the account over time. + +Edit: not recommended for health insurance. + + +I'm not very liquid right now and PLTR is the only position I have >= 100 shares. + +Was thinking of selling weekly covered calls but it's not a great premium at the moment. Even a $26 call next week seems to net me just +$1.21, I think it's easily conceivable it'll go past that. + +Anything good to do? Or is the best move just to wait for a green day to sell calls? Maybe I could just buy some calls for now. + +EDIT: As others have pointed out, it's actually a really good return percentage wise. I'm probably just scared it'll rocket up one week and I'll get assigned. + +There are strategies to hedge against this I suppose, so I'll go read some more articles... +Hello, + +As a noob learning all about this, I am trying to process something. + +I know that for any strategy to work on the market, it needs to hinge on an advantage, something Mr Market doesn't see or do, "something that you know that the others don't". Otherwise, it can work on isolated cases, for a long time even, but not in the long run. + +Somebody argued in another thread that *"The wheel is just a bet that volatility is priced in higher than it actually is."* \- I'm trying to wrap my mind around this. Is it really this? If so, how am I legitimate to make this bet? (I have no privileged information or super-computers). + +I'd be really interested in a clear and convincing explanation of the advantage(s) that is/are at work when one runs the wheel. +Edit: the $25k was gains on the $2M of margin. The main assets ($600k) in the account have been providing market return as they are all buy and hold indexes and bonds. +Would it ever make sense to sell a covered call and also a put? I’ve been thinking about ways to make that strategy work. Obviously the risk is the put gets exercised but the call does not so there needs to be the ability to cover somehow...which I’m thinking maybe there is a way to reduce this risk with a diverse bunch of stock choices? Or temporarily using margin? + +For example what I mean is this... + +1. Buy stock + +2. Sell covered call - lets say 5 weeks out. + +3. Sell a put a little below stock price for 6 weeks out. + +The idea being that I will be collecting premium from both the call and put - roughly doubling my premium received. + +I’m kind of thinking out loud - ideas/thoughts? +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. + +51k BTC were just moved onto Binance today. Are we about to get dumped on? + +That’s a lot of fucken btc. I was hoping for a little pumpy wumpy after all the dumpy we’ve been handed…but, something tells me whicer moved these btc aren’t using these for a leveraged longs, they’re going to dump on the market. On our faces. Without asking. + +This could also be a mind game to psych out dorks who look at this shit. What’s your take? Are we a out to get dumped on? It’ll just be more hodl ti e if we do, but it’d be nice to get out of this goddam range we’ve been in for a year now! + +There’s an off-chance its just some exchange maintenance , binance moving their own from cold wallet to exchange type ish, but that seems’s unlikely. Every time i’ve seen this in the past, except for one, we ended up getting dumped on. + +Will having mentioned the dump here make it not happen by virtue of the existential law “nobody on r/cryptocurrency is ever right , about anything, under any circumstances”? + +Edit: https://www.coinglass.com/Balance +About 30k of the coins ha e already moved back off exchange. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Ticket# 3218357 + + +I submitted a wire transfer to Coinbase/GDAX on October 30th for the amount of $40,000. I needed the money transferred the next day so when I didn't receive it, I gave a call to Metropolitan Commercial Bank(The bank I wired the money to according to the GDAX wire deposit info) and they told me because of a memo issue, the wire deposit will be refunded back to me in 3-5 business days. + +After that I said "Well okay, I'll just redo another transfer and wait for this one to return." So for the second transfer, it actually didn't go through again because of bank info issue and was immediately refunded back to me the next day. After waiting 1 week for the first deposit, it did not arrive back to my bank. + +I contacted the bank again and they told me that wire deposits at this time may be delayed due to the influx of users lately, and if I just wait for up to a month since initial transfer I should get the funds back to my account without having to do a recall. + +Fast forward a few more weeks later, I still did not receive my funds. At this point I already sent a support ticket to Coinbase, emailed them at their wire transfer email, and called multiple times but the phone support is like nonexistent. I'm constantly on hold and it just eventually hangs up. + +I was told by the bank to just do a recall from my bank and so I did that. A few days later I contacted the Metropolitan bank and they told me the recall message is already received by Coinbase and they just have to send the funds back because right now it's pretty much sitting in a limbo. A couple more weeks of phone calling, emailing, support tickets, twitter messaging, I still have not received my $40,000 initial deposit. + +This is a serious issue and I actually posted in /legaladvice recently looking for what's the next step I should take. It's a lot of money and the no contact is really scary to me. + +I'd really appreciate it if you guys can upvote for visibility and hopefully someone from Coinbase can see this and help me resolve the issue. #3218357 + +Edit: I have all the necessary info such as Wire Transfer Receipt, Recall Message Letter, and gave them screenshots of everything via Email but still have not gotten a response on the issue. + + +Edit #2: Still nothing so far...I will keep you guys posted + + +Edit #3: still nothing and I just got off the phone with CFPB like some of you suggested. Hopefully Coinbase will contact me tomorrow... + + +Edit #4: Filed a complaint to CFPB and waiting for a reply. Not contact from Coonbase still. +The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive hike since 1994. + +Ending weeks of speculation, the rate-setting Federal Open Market Committee took the level of its benchmark funds rate to a range of 1.5%-1.75%, the highest since just before the Covid pandemic began in March 2020. + +Additionally, members indicated a much stronger path of rate increases ahead to arrest inflation moving at its fastest pace going back to December 1981, according to one commonly cited measure. + +https://www.cnbc.com/2022/06/15/fed-hikes-its-benchmark-interest-rate-by-three-quarters-of-a-point-the-biggest-increase-since-1994.html + +EDIT: Please don't give this post awards, they are useless. Besides, you need the money. Lmao +The response this reddit has gotten shows there's a CLEAR NEED for reform to happen. I was listening to the latest podcast "unchained" http://unchainedpodcast.co/the-tax-rules-that-have-crypto-users-aghast , around the 56 minute and 27 seconds in, the lawyer being interviewed mentions he's surprised at this point in 2018 there hasn't been a lobbying effort on behalf of crypto community yet. Someone needs to submit a reddit post for that too. That would really be a game changer. + +Thanks to Jahendrix for revising into more legal wording. Can't thank this reddit user enough. I love the internet. + +Jahendrix version: + +This petition, which is digitally signed by lawful residents and citizens of the United States who currently invest in or may invest in digital currency ("cryptocurrency") is directed towards the United States Internal Revenue Service and the United States Treasury. The purpose of this petition is to express concern regarding the potential taxation of the cryptocurrency market as laws and regulations in this area develop. Considering the fast-paced and fluid nature of cryptocurrency price changes and trading, both investors and regulatory agencies such as the Internal Revenue Service have an interest in simplifying the taxation of cryptocurrency. Therefore, we would like to propose that only the exchange from cryptocurrency to cash or cash receivables be considered a realization event for federal tax purposes, not taxed in-between cryptocurrency trades, and a tax exemption for transactions under $600, as proposed in, "Cryptocurrency Tax Fairness Act Of 2017", introduced by Rep. Jared Polis(D-Co), and Rep. David Schweikert (R-Az). These proposals will allow the Internal Revenue Service to more easily regulate the trading and taxation of cryptocurrency, and would allow taxpayers to simplify the means by which they report gains and losses from investing and trading activities. An additional concern for most taxpayers in this area is ensuring that any statutory or regulatory law implemented be made clear, simple and streamlined to minimize the likelihood of taxpayer mistakes in reporting and remitting cryptocurrency-related tax. The following signatures represent lawful residents and citizens who have expressed their consent to this proposal and their desire for the implementation of laws and regulations in accordance with the principles espoused herein. + + +ALSO: Californians, be aware that Diane Feinstein wants to badly tax your crypto and considers you a criminal if you don't disclose your holdings. Vote her out of office for Christ sake. + +https://cointelegraph.com/news/us-senate-moves-to-criminalize-non-disclosure-of-cryptocurrency-ownership +NFTs have always been controversial, people hate it for being useless and of no real value. But I always thought NFTs are pretty cool, especially when you bump into someone using the same collection as PFPs. It’s like you’re both in the same club. + +&#x200B; + +As a non-gamer, my main usage of NFTs is just as art/collectible, mainly social media profile pictures. I have gained hundreds of followers after I changed my Twitter profile to an NFT. But even if an NFT looks pretty superb, you can NEVER own its copyright, so why not take a screenshot and make it your PFP? (I’m using a MonkeDao as my PFP and I’m not surprised if ppl simply took screenshot from Opensea and pretend it's theirs) + +&#x200B; + +Some more artsy ways I saw are [Shil.me](https://Shil.me), which allows users to show off their collection thru virtual experiences, like owning a museum; and ChapterX, where we can use our NFTs as an avatar in their metaverse. MonkeDao recently partner with them and it’s quite funny seeing how they turn my 2D pixelated Monke as a 3D avatar there throwing bananas lmao + +&#x200B; + +Hope to see more real use cases for NFTs, something that’s beyond art and metaverses, like real estate, music, ticketing etc. +This is 2017-2018: + + +https://preview.redd.it/0oanuvow2l081.png?width=2114&format=png&auto=webp&s=c159df0eeb65dd0c0a4df43a84c61a858a23342c + +This is 2021-2022: + +&#x200B; + +https://preview.redd.it/ux09sxez2l081.png?width=2114&format=png&auto=webp&s=62298de623cd3af06df12ecc8b3e305a3676f97b +I lost nearly everything trading options contracts about 8 years ago. ~$20k in total with nothing in my savings and CC debt. I know how you're feeling, I've been there. Money isn't everything. I recovered from my mistake and you will too, hang in there. + + + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +How do you spend your day? How is it different from your previous life before retiring from your original day job? + +Also, especially with Covid still being around, how do you spend the evenings (especially curious about this with young kids)? +I don't really know how to find the answer to this question honestly, its a mental debate my partner and I have regularly. We are in our mid-late twenties, my net worth is between 6.9 mm to 7.2 mm depending on which way the sp500 is swinging. My break down is about 3 mm in the market, around 2.1 mm in cash (going into the market), and then about 2 mm in property (my parent's former home , it is being rented and mine (500 k) + +We have a decent living, we live in a 7/10 school district, in a 3000 square foot home right outside Houston, in a middle class neighborhood. We drive decent middle class cars (2016 and 2020). My partner is in another 2 years of nursing school, I work as an MD for a medical device company but am ready to quit and switch to something like first responders or become a small-time pilot (for about 10-15 years until I am in my mid forties) + +We do want to change our home because of various first- class problems. The garage is too tight, we have to keep dragging our garbage cans through the mud to the back (hoa neighborhood), our yard is always muddy, we aren't fans of our master bath (too small), would like to be in a slightly better unincorporated neighborhood. About 900-1.2 million would get us what we want in terms of house where we want. + +The thing is, as someone who is mostly boglehead, when I run my investments through calculators, (within the next year I want to be around 4.5 mm invested, around 500 k in cash, and the homes stay as they are), sp500 historical charts show that my 4.5mm would be between 10-20 mm in about 10 years from now barring a 2000-2010 type decade ([https://www.officialdata.org/us/stocks/s-p-500/2010?amount=4500000&endYear=2020](https://www.officialdata.org/us/stocks/s-p-500/2010?amount=4500000&endYear=2020)). Past that, my 30 year out look, I am looking at 70-150 million from that investment. Disclosure: I am more diversified than sp500. + +We dont spend a lot of money, given that our house and cars are paid off, I think our annual expenditure is 60-70 K and that includes 2000-3000 a month we blow on our selves for random things like restaurants, vacations, electronics. Realistically once we cross around 15 mm net worth (yes I am accounting for inflation), it will be hard for our expenditures to affect the growth since our withdrawal rate will be minimal. We dont desire luxury cars, watches, clothes, etc, just a nicer home. + +**So my question is should I just wait it out and let my money grow?** I know for my age having a house as big as we do now is already being far ahead of the curve and its not like I will likely need to wait until retirement for a big house, just about a decade. +People are blindly following TA on an asset that’s the most speculative bet of all time. Bitcoin will do what it wants and will shake out the non believers. It will humble you. It might not even drop below 20K to humble me. It would be healthy for Bitcoin to drop to covid bottoms of 3K. ARK, square, shopify, Netflix have already done this. The average person can finally become a full coiner and the grifters can sell at a loss. Bitcoin is here to stay and will reward those who can stomach the 95 percent drops. This is bitcoins second true test. It’s survived a pandemic. It will survive a recession. It will just destroy your soul and belief along the way. +Like all of us, I'm bracing myself for higher energy prices and looking at ways to cut down unnecessary consumption. I find myself looking at the energy certificate of any new electricals before purchase. + +Those of you who have measured the energy consumption of your electricals, have you found any good or bad surprises? +I'm a 33 year old woman who has never made over 50k a year. I worked in aged care and disability for 10 years and became extremely burnt out during the pandemic so I left the industry to try my hand at other jobs. I just started a reception/admin role for 43k as I thought I'd use it for the experience and move on to something better. + +I desperately want something better for myself and family but I have no idea where to start, I want something stable and pays decently. I actually enjoy admin and wouldn't mind something along those lines. What career progression opportunities are there for admin assistants? + +Or if you guys have any other suggestions, I'd truly appreciate! +I know we're all sad about this correction but at the very least the quality of the content on this subreddit has massively gone up, since nobody reasonably believes they can pump up a random coin in these conditions + +Just saying + +Edit: + +Welcome back to the party coin shilling... + +Today's coin seems to be Tron. Oh well... +I like to keep track of well known companies that suffer a sudden depreciation to their stock price, to consider taking a position if the knife appears to have stopped falling. Of the following recently hard hit stocks, which would you feel comfortable buying shares in for a medium term time frame of 12-18 months - and why? + +FB = - 32% on the 1 month chart + +NFLX = -29% on a 6 month chart + +RBLX = -28% over 5 days + +PLTR = -55% on 6 month chart + +DKNG = -24% over 5 days + +ROKU = -31% over 5 days +Hello all for context me and my girlfriend prepaid a rental for 6 days for a Range Rover at a total of $770. when we got there we were told we couldn’t have it and the best they could do is a Chrysler 300s. We were not given a refund or anything like that to make up for it. I called their customer support and tried multiple times because they kept hanging up on me, 2 of the 5 people I talked to said some how the Chrysler would’ve been more than the RR even though I checked and the RR was almost 2x the amount per week. 1 person said it should’ve been 3200 for the week for the Chrysler and we should just drop it so we don’t get charged. Is that a attempt to get us to go away and stop trying? I eventually found corporate email and now am trying to get in contact with them. Any advice thanks. +Hi y'all. So I'm another one of those lucky chumps who dumped cash into crypto some years back and is now looking at a current valuation of ~$6.5MM after taxes. + +I recently cashed out ~$500k because the anxiety/stress of not taking profits beyond living expenses was affecting me physically, and, now that I'm seeing the reality of my bank balances rising (plural, given FDIC limits), realize that it's time to pull more out while the going's good to secure a (possibly, hopefully) comfortable future, rather than succumbing to a greed impulse that I've noticed has only grown commensurate to 2017's parabolic run. While the sun shines...! + +Obviously, that cash will end up being reinvested into various vehicles - it wouldn't just sit in checking accounts. I'll probably adopt the 3 fund approach in the short term while waiting for other interesting opportunities to arise in the future. + +I have a few questions and would value your opinions and thoughts: + +&nbsp; + +1) Is there any legal way to reduce exposure to long-term capital gains? I have no losses to offset. I've read something about charitable remainder trusts as a possible way of doing this, which is interesting as my girlfriend and I have been talking about establishing an educational non-profit for quite some time now. I wonder whether we could create said non-profit and then establish a trust for it at a later date while reaping the tax advantages for ourselves through annual payouts. Though perhaps that structure is illegal? Anyone have experience with these trusts? Pros, cons? + +&nbsp; + +2) My girlfriend knows that I have crypto (she does, too, though a minimal amount). We have been talking some time now about getting married and raising a family together, and, with regard to my crypto situation, she has expressed both concern that it is fucking with my health and has made a clear declaration that she doesn't need to know specifics about numbers (I have never stated exact figures for reasons I will share below). I mentioned the possibility of a prenup the other day and she was at first shocked, but then thanked me for raising the issue as she recognizes that we can't foresee what the future will bring. She comes from a relatively impoverished background and does not have much earning potential (hah, nor I, as we're both students in an obscure realm of the humanities) and I'm concerned how she will react to full disclosure. Not that she's bad with money - she's very frugal, budgets carefully, no debt, actively saves etc. but this would be a very new situation... for her especially, as I was raised in an upper-middle class household. Besides all this, I want to be reassured that she's with me because of our relationship, not because of my stash, especially if kids are en route! We met before this crypto boom became an issue, but still, she has a razor sharp mind so I'm sure she has a rough idea of the amount involved. But yah, I want to cover my ass as I know that money - above all, windfalls - can really complicate relationships. Any advice about how to proceed with bringing her "into the light" on all this would be much appreciated. I love and trust her while being keenly aware of divorce statistics so want to secure my future regardless of outcome. + +&nbsp; + +3) Though I want to cash out the majority of this haul, I still want to retain some exposure to the crypto market. I'm thinking that keeping 10-20% (so $860k-1.72MM) in would be adequate (still leaving me with at least $5.27MM after taxes), but another part of me has built up an emotional attachment to the assets (and probably an addiction to the volatility) and think that taking out 60% while leaving 40% to float for another year or so before taking out another 50% (and so on) could be a very lucrative gamble. Or not, duh. + +I know that I'm not an investing genius. What I have discovered is that I have high risk tolerance, and, given my age (low 30s), my risk profile makes sense. I've tried framing this issue using classical inversions (e.g. "If you had $8MM cash, how much would you invest into crypto right now?") and find myself claiming I'd throw ~$2MM in... but the mind is duplicitious and I imagine that past results have poisoned me. My reasoning is that $5.27MM would already be FAR more than what I would have expected in returns, and is really "enough" for my needs (figuring a 3% drawdown = $158k/year), so taking another gamble (though now with a much stronger foundation, both in terms of mainstream acceptance of crypto and personal liquidity) seems very doable. + +However, as mentioned before, I have health concerns. I kind of want off this rollercoaster completely, though I'm sure that taking a major chunk out would be most soothing. Even the recent withdrawal has felt like taking a huge sigh of relief. I guess the big question I have to ask myself... what is "enough" for me?! At what point is it stupid to continue taking such a risk? And will life really get that much "better" if I break the $10MM mark? Obviously, more money means more choices... but, yeah. Perhaps you know of thought experiments (besides inversions) that could help me gain clarity in this situation? + +&nbsp; + + +Many, many thanks for taking the time to read this and to comment. Needless to say, this is a throwaway account. + +p.s. I have read /r/personalfinance's sticky about windfalls. Multiple times :D + +&nbsp; + +EDIT: I'm off on a short break for the next 4 days to mull over what has already been shared with me here. Thank you all for weighing in - you've been most helpful, and I'm excited to start taking some *more sensible* next steps in the coming weeks. +For those in NYC and familiar w/ real estate and schooling, I would greatly appreciate your advice about the reasoning for purchasing a $4-6mn multifamily townhouse. + +Background: dual income, no kids, but planning on 3+ kids. We have ruled out private school (partially on cost, partially a parenting choice - we both went to public school) and have ruled out suburbs for now (due to commute). For areas of living, top public elementary schools with a short commute to midtown leaves UWS, UES, some parts of downtown, and some parts of Brooklyn. + +I am considering purchasing a 4-unit multifamily townhouse in order to have 3 units paying off the (resi and thus cheaper) mortgage when I don't need the space, and then renovating / using the other apartment units as my needs grow - eventually the plan is to have 3 kids and both pairs of parents moved in (eventually this may be a necessity - I would rather have a live-in elderly care nurse with parents in my own house than send them to a facility). Supply of multifamily townhouses is more available in UWS and Brooklyn, but commute for my partner means UWS is better. We are planning on having the first kid within the next 5 years. I have past experience with single family rentals and renovations so this is not a new endeavor for me. My job has to be in NYC. + +I can get comfortable with the numbers. My question has more to do with life trajectory and life experience - does it make sense to plan this far (5-10 years) in advance? Will schools just get rezoned, or a new DOE chancellor force us all into private schools? If you purchased in NYC, how do you handle changing needs of space? If you live in the suburbs, how did you think about the tradeoffs of commute, schooling, yard space, etc? + +Thank you. +https://www.cnbc.com/2020/10/22/microsoft-to-buy-jet-fuel-made-with-waste-oil-for-alaska-airlines-in-climate-pledge.html + +Microsoft says it will purchase jet fuel from waste oils to help offset emissions on its most-traveled business routes. + +The fuel is blended and distributed to Alaska Air planes at Los Angeles International Airport. + +A Microsoft executive said business travel is likely to recover from the pandemic. + +Thanks for the awards. +I’m starting to have doubts + +I’m 24. I’ve been investing since I was 17. + +For the last 7 years I’ve been a value investor. Essentially I looked for profitable companies with growing earnings that were statistically cheap/undervalued. + +I’d just buy and hold them for no more than two years. + +I did well doing that. I averaged 20% to 22% a year. + +I’ve studied all the greats almost obsessively. I’ve read every book on Buffett and every book by Graham. + +I only learned about options this past May. + +To be honest I was about to get out of investing all together before I started learning options. While I did well with my buy and hold strategy I never had enough money invested to actually make any real money (I never had more than $10k invested). + +I own my own business and was convinced I could make more money investing that $10k in my business than in stocks. + +Then I discovered options + +I thought I found what I was looking for all along. + +Scale + +It SEEMED like a match made in heaven. + +Buy calls on an undervalued stock or puts on an overvalued stock 6 to 8 months. + +I’d do my fundamental analysis like I did when I was buying and holding, figure out an estimate of what the company was worth, and buy calls and puts at those prices depending if the stock was undervalued or overvalued. + +For example, if a stock was selling for $50 and my analysis said it was worth $15 I’d buy puts 8 months to a year out at $15 + +If I could value at stock at $75 that was selling for $20 I’d do the same thing and buy $75 calls + +I thought the returns would be significantly magnified. One of the books I bought and read on on the basics of options basically said that the great thing about options was how a relatively small move in the stock price could make the price of the option go up “100%, 500%, or even 1,000%+” + +That’s why I wasn’t worried about the stocks going up to exactly what I valued them at. I figured that if I bought calls at a stock I valued at $50 when it was $25 even if the stock went to $30 or $40 I’d still see a huge return. + +If I held through two quarters it didn’t seem unreasonable to think a $25 stock could go to $30 or $40 with two really strong quarters or that a $50 stock could go to $30 from two bad quarters + +This SEEMED “safer” than short term options, technical analysis, etc. + +Starting out my plan was to basically buy a basket of each. A basket of call options on undervalued stocks and a basket of puts on overvalued stocks. + +I knew upfront that I would probably be wrong on most but I saw it as an asymmetric risk (lose a little on most of them to make a lot on a handful) + +Right now I’m sitting with 80% of my positions in puts on tech, travel, and restaurants. I started with calls actually. But, I switched to puts thinking that if the stocks really were overvalued they’d fall faster than the undervalued stocks would rise + +It’s a bloodbath. The losses don’t bother me all that much (I only dedicated $1,500 to try this and am down $150) but I’m kind of concerned I might get wiped out with this strategy/approach + +If anyone can suggest an options strategy that can work with undervalued/overvalued stocks I’d love to hear it +As a periodic lurker of FI I've noticed its almost a weekly occurrence to see someone here asking for advice on how to deal with family members who are not on board with the FIRE mindset. + +Guess it must be my turn. Stopped by my parents today to drop something off and got talking with my dad, after a while he mentioned that he was buying a riding mower. I know my parents have been going through some financial hard times lately so I asked where he got the money to buy it.... He tells me he's taking a loan from his 401k. + +My parents make 100-150k a year and have for most of their adult lives. Growing up I just assumed that they were good with money, they were my parents, they were good at everything right? Not long after finishing school and moving out a few years ago I found out that wasn't the case. Because I wasn't living under their roof anymore they now felt free to tell me about all of their financial woes. Turns out my parents have been living paycheck to paycheck since I've been alive, and have carried credit card balances for most of that time as well. Their excuse for this is that they wanted to enjoy their time with their kids while us kids were young (and in their defense thats mostly true, many of their biggest expenses have been things like home additions so we could each have our own bedroom, travel trailers, vacations, and other family oriented expenditures). + +I discovered FIRE almost 2 years ago and have been able to get my girlfriend on board, keep our lifestyle creep under control, and achieve a 45% SR. The process that got us here was slow and I talked to my parents many times throughout the process, they are well aware of my situation, that I've got about 50k saved for retirement so far; and while they are apprehensive about the idea of FIRE, they are ultimately happy for me. + +Just over a year ago my dad got laid off and they had a very difficult time making ends meet, so I offered to help them out with their finances. We consolidated a lot of their bills, got rid of some of the extraneous fluff, I had my dad open his 401k when he was back to work and set him up to contribute enough to get the company match, also got them on board with some basic frugality practices, like not eating out as often and using coupons whenever possible. It got them through that hard time and was even beginning to pay down some of their credit card debt. My dad eventually went back to work though and most of that fell by the wayside once the paychecks were coming again. Any inquires I made about their finances after that point were met with guarded skepticism, so I eventually stopped asking. + +I knew things were taking a turn for the worse, my mom mentioned their credit card debt piling up again, and I knew my dad had stopped his 401k contributions (he told me he couldn't afford it). I legitimately don't know where their money goes, I've tried to get them to keep a budget multiple times and my dad acts offended whenever I've suggested it, like I'm implying that he's not smart enough to keep track of their money in his head. I've pushed for them to go to a Dave Ramsey class that my Aunt & Uncle were hosting, figured it might help them with getting out of their credit card debt, but they couldn't be bothered to attend, even after seeing how much it helped my Aunt & Uncle. + +Now today my dad tells me he's taking a 401k loan to buy a lawnmower, he says he deserves it because he's tried saving for it twice before and had to spend the money on other things. I asked him about his credit card debt and he said "oh yeah I'll pay some of that off with it too". I love my dad, but I couldn't stand to hear anymore, I felt almost angry, so I politely excused myself and went home. And now here I am venting on reddit about it. + +I know it's impossible to help someone who doesn't want to be helped, has anyone else gone through a similar situation and how did you get through it? (if you did at all) I've noticed it's typical on this subreddit lately to laugh at the uninitiated, but when it's your friends and family who will be working till the day they drop dead, it just makes you depressed... + +I've recently been made redundant from my role as a content writer in London on 26.5k. I'd been working for 2 years, and was a community manager for about 16 months before moving on to my content role for about 10 months. I have recently moved back in with my family, who are also in London. I'm 26 fwiw. Normally I don't think I'd be that stressed, but this time it's different. + +&#x200B; + +I am now panicking that the economy is completely fucked, I won't get a job and wages will be driven right down due to the millions of people in my position. I'm convinced I will have to start at 23k again and take an entry level role and not be able to afford to move back out - something which really affects my mental health. (I know 3.5k might not seem like a lot to many of you, but at the low end of the scale of London graduate wages it makes a big difference) I have convinced myself that even though there are some content or copywriting roles out there, they will go to people with more experience than 10 months. Obviously I can't even get a job in a pub or restaurant at the moment. I know I shouldn't compare myself yadda yadda yadda but I was already maybe the lowest earner in my friendship group so this isn't doing wonders for my self esteem. + +&#x200B; + +Edit: Just to be clear, I am currently doing applications - I did get to interview and test stage with a job I really wanted, but now I'm not sure if they've ghosted me? Or maybe I'm just being anxious and they'll get back to me. + +&#x200B; + +Am I overreacting? Should I take this as an opportunity to stay at home for a few months and retrain, seeing as in the sort of work I do redundancies are commonplace? If so, in what? At the best of times I'm not exactly an optimist so I'm hoping I'm overreacting - but please do say if you think I'm not. +Hi all, +As stated in the title, I am just back from the holidays and I found many things in the house in a different state or position from how I left them. +After I was gone the landlord asked me to have two letting agents show the flat to someone since I am leaving in two months and I accepted. +I am annoyed that they touched my stuff, but that's not the issue: the heater that I turned off was now on, full power, and on a setting I never use. The f*cker had to actually move a piece of IKEA furniture to turn it on, since the switch is hidden. + I just sent an email to the landlord with the same info and I am waiting for an answer, but my question is: who will have to pay for this 2 weeks of full power heating ? +Is there any way to get back at the agency? + +Edit: doing a bit of math now that I am less furious, this will be at 18.9p per kWh for an appliance at 3.4kWh over 15 days a total of 231.3 £ +After I quit my job my employer continued to pay me. I noticed the problem and told them to stop and asked how to pay it back. I have no problem at all paying back what they paid me, it's not my money and I just want it done with. However, they are now telling me that I have to pay back the gross amount (my pay plus state, federal income and FICA taxes that were withheld) and will not give me a w2 till I do this. At this point I don't have much faith in them getting the w2 stuff right, plus I'm far from thrilled about having to float them cash while I wait for a refund for several months because of their mistake. + +I've offered to pay the net (that is, the amount that I actually received from them) now and the taxes once I'm refunded by the government, but so far I haven't managed to get them to agree to this. + +Anyone have any experience with this? Am I being unreasonable? (I don't think I am...) + +**Update:** Thanks for all the replies. This is an agency of the state of Maryland. They have told me that after 11/15 Maryland central payroll will not do any changes to withholdings (form 941x). They could, but they won't. And since they will not get to it till next year they will then not be able to change the withholding as it will at that point be from a prior year. Also, they will issue me a w2 by the end of Jan, it will just be wrong. Once I have paid back the gross (and not before then) they will issue a w2c, which if I pay right this minute they may get to by early March. + +I offered to pay the net now and then pay the taxes once I get refunded but they tell me that 1. they will send me to collections if I do this and 2. will not give me a w2c till they have the full amount (including taxes) so I'm SOL on getting a refund. +Ive been burned by so many stocks this year by not profit taking. The news is always amazing, and then they drop , drop , drop. Even Apple had two fantastic ER and dropped. They are saying the stock is now over-valued by 27%. Can I get a bit of help please ? +Hi everyone, I know this isn't necessarily the best subreddit for this, but I often see it tie into dividend stocks (in)directly. I figured this would be a decent starting point in hopes that someone could guide me to better resources/offer personal advice from their lifetime. + +To start, I generally understand the differences between 401K, IRAs, etc. The aspect I'm confused about is that I will often see people discussing purchasing stocks/etfs within their 401K and/or IRAs (unsure) as its tax sheltered compared to just a regular brokerage account. I'm a 21-year-old university student so I haven't yet dealt with 401Ks/IRAs personally besides just research to conceptually understand them. + +Basically, I am currently using Charles Schwab as my brokerage, with about 13k in. Are there scenarios where you would trade from/with a 401K and/or IRA for unrealized gains of sorts? I'm just confused from seeing people saying they're purchasing stocks with their tax-sheltered accounts, etc. + +Sorry if this is slightly hard to understand, given that you don't know what you don't know, it's likely coming off as an odd question and I might be mixing up concepts. Thanks in advance for any input. +Good afternoon r/dividends, + +With the continued growth of the subreddit over the last several months, combined with the departure of a few moderators, I have decided to open up recruitment for additional moderators to join the team. If you would like to help keep r/dividends the way it is, and/or improve it for the better, consider applying. The application can be completed in under 10 minutes (link [here](https://forms.office.com/Pages/ResponsePage.aspx?id=Sm4k3TRUFU6K45Gtl5eyCcDsEdGNuIhMgDdIb1ObWJ9UNkhGTDA0OFFFUUJBM0VXUVExVEFMWUJWMi4u)). + +The qualifications are as follows: + +\- You must be at least 18 years of age + +\- Have an account older than six months. + +\- Accumulated Reddit karma of at least 500. + +**NO MODERATION EXPERIENCE IS REQUIRED.** + +Applications will be open until the end of July, and there is no hard cap on the number of moderator positions I am looking to fill. If you change your mind later, you can always withdraw your application. + +If your platform of choice does not cooperate with hyperlinks, here is a hard link you can copy-paste into your browser: [https://forms.office.com/Pages/ResponsePage.aspx?id=Sm4k3TRUFU6K45Gtl5eyCcDsEdGNuIhMgDdIb1ObWJ9UNkhGTDA0OFFFUUJBM0VXUVExVEFMWUJWMi4u](https://forms.office.com/Pages/ResponsePage.aspx?id=Sm4k3TRUFU6K45Gtl5eyCcDsEdGNuIhMgDdIb1ObWJ9UNkhGTDA0OFFFUUJBM0VXUVExVEFMWUJWMi4u) + +&#x200B; +Looking to get into low cost dividend ETFs with a mix of growth and dividend yield. (I am bailing from PRFDX and its 65 basis points.) Should I go all in on SCHD or diversify a bit with 25% each into SCHD/VIG/VYM/SPYD? +So as a dividend investor I understand more div investors are in it for the long run to live off of the dividend. + +I’m retired and do well with my dividends however, I have a few stocks that have made good money. So much that even if I kept the stock 8 years I couldn’t match the capital it’s gained by the dividends over the same years. + +I’m 66 and could let it ride but hard to pass up selling the stocks hoping they don’t take a dive in the next 7 years if that make sense. + +What say you?? +What’s your thoughts on both. I currently own SCHD as well as SPYD. Then a blue chip MF by fidelity as well as a small cap MF by fidelity. Should I consider adding VTI to the mix ? +Hello I'm thinking of putting 10k into MMM. The price is off its lows but also off its highs. It seems like a company that is not a risky play as their financials are good and their products are always in demand. What are your thoughts? Also if yo have other ideas please back it up with why that company is a better dividend investment. +I think the writing is on the wall here. Bitcoin shouldn't be the main trading pair and Ethereum's up 10% in the last 24 hours over Bitcoin. + +I'm going to be bold: I think Ethereum will overtake Bitcoin in market cap within 72 hours. I think we're going to see a slow building and once it's within 90% or so, it'll just make a bull run and the two will switch incredibly quickly. +https://steemit.com/ethereum/@kjnk/a-proposal-for-a-new-gas-economy-for-ethereum + +Vitalik recently tweeted about fee volatility being a huge problem with Ethereum. As a dApp developer that's constantly thinking about fee economics and optimizing dApp interactions around it, it would be amazing if Ethereum fees were cheap and predictable... +I think the writing is on the wall here. Bitcoin shouldn't be the main trading pair and Ethereum's up 10% in the last 24 hours over Bitcoin. + +I'm going to be bold: I think Ethereum will overtake Bitcoin in market cap within 72 hours. I think we're going to see a slow building and once it's within 90% or so, it'll just make a bull run and the two will switch incredibly quickly. +This post is for beginners who wants to learn basics of trading. + +❖Fibonacci numbers are also called natural numbers. +❖Fibonacci numbers can be used with not just trading but with + everything. +❖It works in the stock market as well. +❖Fibonacci levels work as an area of interest for us in trading. +❖We will use the Fib Retracement tool (in trading view) +❖How to use Fibonacci overall: + +* (daily timeframe/you can use in any timeframe) +* In an up-trending market, when you see a retracement, you can +use the Fibonacci tool. +* Select Fib Retracement & click on the bottom and then click on +top to mark the complete range of trend move using the tool. +* In a down-trending market, when you see a retracement, you can +use the Fibonacci tool. +* Select Fib Retracement & click on the highest point and then +click on the lowest of the current swing to mark the complete +range of trend move using the tool. +* When price breaks 0.78 level (check the picture attached for reference on Fib level settings) on a pullback(retracement) on Fibonacci, it is an early sign of trend change. + +❖Using Fibonacci tool for Intraday trading: + +* Turn on extra 2 levels in Fibonacci Retracement tool setting in +trading view - 1.618 & 1.328 +* Fibonacci retracement is used as an extension when the price +breaks level 1. +* Open 5 minutes timeframe on the chart. + + +**❖We can take positions in two ways:** + +1) We will mark the Fibonacci range from high to lowest point if +the price moved upwards. + +* We will wait for a pullback to a fib level and take entry with the +signal. +* It is useful on a trending day. + +2) We will mark the Fibonacci range from low to highest point if +the price moved downwards. + +* We will wait for a pullback to a fib level and take entry with the +signal. +* It is useful on a trending day. +* 0.236 fib level is a very strong level to take the entry from on +pullbacks. +* Fibonacci retracement is useful in intraday when the market +gives good movements. +* 1.618 extension level can be achieved on rare great movement +days. + +QUESTIONS & SUGGESTIONS ARE WELCOME + +[Settings for fib retracement](https://preview.redd.it/7rdiy6n4x7491.png?width=454&format=png&auto=webp&s=f716ac857d56badb07218d88f65f620fbf0bc9ac) + +[Fib for Intraday](https://preview.redd.it/ea6ogbn4x7491.png?width=907&format=png&auto=webp&s=ac3c128483a5cedf9583faecfc65c4cdc0550031) + +[Fib for Intraday](https://preview.redd.it/vdjrlhn4x7491.png?width=906&format=png&auto=webp&s=f982f825550618fbe88ee1041bb7b25dcc0ed2d2) + +[Fib for longer timeframes](https://preview.redd.it/td4x3mn4x7491.png?width=815&format=png&auto=webp&s=9a7503423779a4a6b83db5ba43491e4059549f5a) +TLDR: Get a cash account. + +A lot of people complain about the 3 day trades per 5 trading days rule for accounts with less than 25K. Those complaints are completely understandable. However, there is a way to get around that rule without having 25K in your account. + +(Obviously if you have a $25,000 account, then you don't need to read this post.) + +This works with most cash accounts, but I'll be talking about [thinkorswim by TD Ameritrade](https://www.tdameritrade.com/tools-and-platforms/thinkorswim/features.page) since that's what I use. + +Create an account on TD Ameritrade. It needs to be a cash account with options trading level 2 enabled. Margin privileges should NOT be enabled. + +Here's what day trading is like with a cash account: + +For example, let's say you have an account of the size $1,000. On Monday, you buy calls for $200 and sell those calls on the same day for $500. You just made a $300 profit. Your account is now worth $1,300. Now, you won't be able to use the $500 you made on this day trade for the entire rest of the Monday. You'll be able to use those funds on Tuesday. However, you still have $800 that you can use to day trade on Monday. You can basically keep day trading until available funds reaches 0 for that day. Then, those funds free up the next day and you repeat. This prevents you from force trading and over trading. + +Here's the best part... + +You can also open up a thinkorswim margin account. Link it both ways with your cash account. You now have the ability to instantly transfer your funds to margin account and vice versa. Transfer all of your funds to the thinkorswim margin account, and use up the 3 day trades on this account. You can't use margin to trade options so don't worry about interest or anything like that. Once you've used up your 3 day trades, use the instant transfer feature to transfer all of your funds from margin account to your cash account. Now day trade as many times until buying power reaches 0. Once your 3 day trades come back on the margin account, instantly transfer all funds from cash account to margin account. Use up the 3 day trades here, then transfer back to cash. + +Here's the bad part... + +You have to pay commissions of .65 cents per contract. However, once you've placed enough trades on this platform and you day trade often, you can always negotiate with the broker to lower your fees. + +The UI is nowhere as good as Robinhood. However, you can try thinkorswim on an iPad, it looks a bit cleaner... but nothing close to Robinhood's UI. Robinhood will always have the best UI, imo. Unfortunately, Robinhood only offers margin account. + +Conclusion... + +This setup allows you to day trade with a bit more freedom. It's not close to having 25K account and day trading, but it's still pretty damn good. + +If you need help setting anything up, just contact thinkorswim support team via the mobile app. Or, just PM me and I can try to help. There's also a countless number of videos and articles that can help you as well. +How is the Property Market business in the UK still allowed to be so poor in terms of info for buying and selling given how important it is to the purchaser and the seller? + +Most estate agents appear to be clueless in terms of providing information on the property they are selling, barely any information is required to sell a home where a lot of the risk falls on the purchaser. + +Basic info like when was the last time the boiler was serviced/replaced, any known issues around heating/plumbing, damp, roof issues etc, none of this is provided. Instead, the purchaser has to get it checked by a surveyor who may or may not be experienced. + +On top of this the mis-information tactic from the estate agents is completely unregulated. I get it, they work for the seller, not the buyer but it seems incorrect where there is no transparency. They play a game with no consequences. +[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? +I have about $US 35 to buy enough food to last three weeks. After that I'll be getting a regular paycheck and I'll be fine. + +I don't have access to a full kitchen. I have a mini-fridge, a microwave, and an electric griddle. + +The one food bank in my area is almost tapped out. I was lucky enough to get a few cans of corn and a couple of boxes of mac and cheese, but I can't be going there every day, especially when I'm starting my new job, as the lines are multiple hour waits. + +I have no family in the area that can help and most of my friends are as bad off as I am. + +What's the most amount of calories I can buy for the amount of money I have, given my lack of a full kitchen. + +I'm thinking store brand cans of chili ( 1.24 / can) and Beefaroni ( also 1.24 a can) + +Any suggestions, especially ones that don't need an oven/stovetop. +Hello, + + + +So I was thinking about the 4% rule. I know nothing is guaranteed but theoretically isn't the rule of withdrawing 4% the worst case scenario? + + + +**The 4% rule has three important attributes:** + +Timeframe: 30 years + +WR: 4% + +Rate of success: 95% (depending on allocation) + + + +**The Idea of Re-retiring** + + + +Turns out S&P500 in the recent 45 years has only had 12 years with lower than 4% total return. So in over 70% of cases you will be left with a bigger principal after withdrawing 4%. + + + +Why not simply start fresh in the goods years? Recalculate your new withdrawal rate by the current and increased principal. +Advantages: + +- Increased withdrawal rate + +- Restarting the 30 year period + + + +**Calculating an Example** + +Let's say you retire on a nest egg of $1 million. That's $40,000 a year. Now the return is 24% the first year of retirement and you withdraw 4%. You know have $1,200,000, your new WR is $48,000 and a new 30 years of 95% chance of succeeding. + + + +Any pitfalls about this way of thinking? +Did reddit update and change their platform? Have the shills got to them? Has the government got to them!? Or am I bananas B-A-N-A-N-A-S? I found the past three days way less enjoyable as I can no longer sort by newest? It’s like choosing what I see. Likely no one will see this if they’re hiding something. + +🦍 🪖 💪 +💎 🙌 🌙 +🚀 ✨ +🧱 x 🧱 = 🏫 + +Don’t forget Buy, hold, DRS. We are in the long game, the damage meter is set. First step - locking the free float, next step, buying every share the institutions and ETFs shed in rebalancing. + +Keep the pressure on! +My beloved wife and I are looking to purchase our first home together, and theres 2 homes we're deciding with... and would LOVE to get some advice and opinions! We currently have 140k in savings and we recently got new jobs, earning about 95k per year individually. Our combined total monthly paycheck looks around 9-10k. + +There are 2 homes we're currently looking at, and our opinions don't quite align. + +1. 400k, 4b/2b fixer upper with \~80k (20%) down on a fixer upper, and rent out every other room. Mortgage would be about 3000 per month, and if 3 rooms gets rented out, we would be net positive about $200 per month. +2. 1.1m, 3b,2b "the dream home", with \~115k down (10%) and rent out every other room. Mortgage would be about 8400 per month, and 2 rooms get rented out, we would be paying about 5-6k per month... + +&#x200B; + +I'm leaning towards option 1. Because it is a lot safer and we can exit "anytime" without having to worry about much. If one of us were to lose our jobs, monthly payments wouldnt be too big of a stressor. + +My wife is leaning towards option 2. Because the neighborhood is better, and more convenient to get around. She also feels that option 1 might have a harder time finding tenants, whereas option 2 is flooded with folks who need a place to rent. Our family (god forbids) can also help out a bit with mortgage payments if needed, but none of us wants to go that route. + +&#x200B; + +We are currently renting an apartment for almost 3000 per month, so option 1 feels super safe. But option 2 is "just another \~2-3k away". What would you do and why? + +&#x200B; + +**Edit**: The general consensus is that both options are terrible, and we should reconsider our options. We read through your comments together, and definitely agree. We'd love to include some more details for more advice and feedback! + +\- Option 1 has 2 floors, so its 2b/1b per floor, so we would have privacy if we were to only rent out 1 floor instead of 3 rooms. + +\- Option 2 is a fixer upper, and homes in that area go for 1.5m. + +\- We took another look at our paystubs, and net combined is \~11k per month, rather than 9-10 if that helps anything. + +\- We were indeed approved for a 800k loan with a major bank (so if we snoop around more, we can potentially find a smaller one for lower rates). We would be borrowing the rest from our family,.. + +&#x200B; + +Edit2: Back to the drawing board! We'll redirect our updates to r/FirstTimeHomeBuyer :) + +Edit3: We noticed comments saying that they thought we make 95k together annually, just wanting to clarify that household income is ***190k prior tax***. Do we sound a bit less crazy now? +Hi, I am just looking at getting into real estate investing and was wondering if anyone could help a newbie out. + +I found a 4bd 2ba duplex listed for $139,000 in a great location. My idea was similar to a lot of others just getting into real estate investing... rent out one side, and live in the other. + +If I calculated correctly, I would be paying $507 a month on a $100,000 mortgage at 4.5% for 30 years. This is assuming I put down $30,000 and somehow made a deal with the owner to purchase the home for $9,000 under the listing price. Property taxes would be $247/mo, Insurance $46, and ideally would like to set aside $250/mo for repairs etc. The average rent in the area is around $950, so I used that as a reference for how much I would be renting out the other side for. + +So, I would be paying $1,050/mo, being cash flow negative $100 a month. "Renting" my own side of the duplex for $100 a month doesn't seem too bad to me, as my college is 3 minutes away. But another idea I had would be to rent both sides of my duplex out to tennants, and I would go rent at an apartment close by and live there. If I did this, I would be bringing in $850 a month in profit ($1900 in rent), and saying that $450 went to the rental expense at my apartment, I would be making a monthly profit of $400 (Maybe a little less if I were to pay for the water bill and sewer, trash is free) + +I am brand new to real estate and have been doing a lot of research. This duplex property would be my first real estate purchase ever. . I just don't know if this is a good idea especially with the inflated housing prices. Am I missing anything? More experienced real estate investors, what do you think about my ideas? +My beloved wife and I are looking to purchase our first home together, and theres 2 homes we're deciding with... and would LOVE to get some advice and opinions! We currently have 140k in savings and we recently got new jobs, earning about 95k per year individually. Our combined total monthly paycheck looks around 9-10k. + +There are 2 homes we're currently looking at, and our opinions don't quite align. + +1. 400k, 4b/2b fixer upper with \~80k (20%) down on a fixer upper, and rent out every other room. Mortgage would be about 3000 per month, and if 3 rooms gets rented out, we would be net positive about $200 per month. +2. 1.1m, 3b,2b "the dream home", with \~115k down (10%) and rent out every other room. Mortgage would be about 8400 per month, and 2 rooms get rented out, we would be paying about 5-6k per month... + +&#x200B; + +I'm leaning towards option 1. Because it is a lot safer and we can exit "anytime" without having to worry about much. If one of us were to lose our jobs, monthly payments wouldnt be too big of a stressor. + +My wife is leaning towards option 2. Because the neighborhood is better, and more convenient to get around. She also feels that option 1 might have a harder time finding tenants, whereas option 2 is flooded with folks who need a place to rent. Our family (god forbids) can also help out a bit with mortgage payments if needed, but none of us wants to go that route. + +&#x200B; + +We are currently renting an apartment for almost 3000 per month, so option 1 feels super safe. But option 2 is "just another \~2-3k away". What would you do and why? + +&#x200B; + +**Edit**: The general consensus is that both options are terrible, and we should reconsider our options. We read through your comments together, and definitely agree. We'd love to include some more details for more advice and feedback! + +\- Option 1 has 2 floors, so its 2b/1b per floor, so we would have privacy if we were to only rent out 1 floor instead of 3 rooms. + +\- Option 2 is a fixer upper, and homes in that area go for 1.5m. + +\- We took another look at our paystubs, and net combined is \~11k per month, rather than 9-10 if that helps anything. + +\- We were indeed approved for a 800k loan with a major bank (so if we snoop around more, we can potentially find a smaller one for lower rates). We would be borrowing the rest from our family,.. + +&#x200B; + +Edit2: Back to the drawing board! We'll redirect our updates to r/FirstTimeHomeBuyer :) + +Edit3: We noticed comments saying that they thought we make 95k together annually, just wanting to clarify that household income is ***190k prior tax***. Do we sound a bit less crazy now? +If you sell your holdings to buy back in at a lower level, you have to be right twice. You have to be right about that decision to sell and your future decision to buy back in. + +People will say "you just need to buy back in at a lower cost." But it's really not that simple. Unless the market plays out to your plan perfectly, you will always be at the mercy of human psychology and will likely lose money in the long run. + +Take a look at threads when SPY was at 290. People were proudly saying left and right that they have liquidated their portfolio and will buy back in when the market seems less irrational.. And that they are ok with missing out future gains. + +What do you think those people are doing right now? I bet you that 50% of them have already bought back in at the higher price because their mind was yelling "if you dont get in now, you will never get back in." The other 50% are watching the market very closely and banging their desk every time SPY ticks upwards.. + +And let's say... They were right! SPY will dip back to 250. The remaiming 50% of people I talked about were technically right about their decision to sell. But the drop won't happen overnight. It will be a multiple days or weeks process. + +15% of people will actually buy back in when SPY retreats to 290 and lingers there for a few days... They will be mentally scarred after seeing SPY shoot above 300 and their only wish is to get back into the market and get rid of this stress. So at any opportunity they see, they will jump back in despite their original cost being 270. + + +The remaining 35% people will now breathe a sigh of relief as they watch SPY dip below their original selling price of 270.. When SPY hits 260, another 10% of people will buy back in.. All that stress and risk of forever being out of the market all for a 4% gain.. + +When SPY hits 250, another 10% of people will buy back in. Ok good job your timing paid off. + +But how about the remaining 15%? They were waiting for SPY to hit 240... But lets say 250 was the new bottom and SPY sloely climbs back up. + +Half of those people (7.5%) will watch the market go back up to 280 and buy back in after giving up. The other half will never buy back in because psychology wont allow them. + +These are the scenarios that are likely to happen when you try to time the market. I say this as someone who has experienced all of the aboove during my attempt at timing the market. + +If your time period is 10+ years, then the risk of selling to buy back in at a lower price is far greater than the 10% gain you might achieve by doing so... Even if the market crashes 30% again, the average investor is better off just ignoring the noise and staying in the game to guarantee that they can leap the long-term benefit of investing... Because thats where the magic really happens. + +15 years from now it wont matter much if you made your initial purchase of SPY at 300 vs. 270. But what will matter is if you somehow got burned at trying to time the market and never got back in... +I use Mint.com to track net worth and to total all my investment accounts. It's helpful because between me and my spouse we have a lot of accounts that have collected over the years (taxable accounts, 401ks, rollovers, Roth, etc) with two different providers, so it's a nice way to get an automatic overview and summary. + +Anyway, while I'm very aware of all my individual account balances and portfolios, I don't check up on my net worth and investment totals all that often and failed to notice that Mint had my 401k account set to "inactive/$0" for over a year! So that chunk of money was missing from my investment summary overview. + +The funny thing in that our FIRE goals were still on track (because stock market has been kicking butt) despite the "missing" money. + +Anyway, here's the brag: My 401k has $475k in it. Yeah, I didn't notice it was missing. I re-activated the account in Mint and my investments jumped up to $2.2 million! I blew past the $2M milestone early and never even realized it! + +I'd love to share the details of how I got there, I can't tell anyone else so I'll follow up in comments this evening. + +**EDIT**: just to clarify: I knew full well my 401k had that much money in it. I just didn't realize it was missing from Mint totals + +TLDR; You know that feeling when you find a $20 bill in an old jacket pocket? My wife cracked up when I told her I found almost a half million. +Are interest rates the only magic bullet? You would think in due course only those well off would be able to enjoy a meal out at a restaurant etc? I don’t think the interest rate has done much right now and there isn’t really any pain given people’s saving buffers +Interested about learning about investing on the ASX? Check out the ASX Game. + +[https://www.asx.com.au/education/sharemarket-game.htm](https://www.asx.com.au/education/sharemarket-game.htm) + +>The Game gives you an opportunity to learn about the sharemarket and how it works. You get $50,000 virtual cash. You can buy and sell shares in 220 nominated companies listed on ASX using live prices and will be charged brokerage on each trade, simulating real sharemarket conditions. +> +>So if you are thinking about trading but not quite ready to step in yet, the Sharemarket Game is a great way to test your strategies. Plus entry is free and there are some great prizes. ([More info](https://game.asx.com.au/game/info/public/about-the-game)) + +Registration opened yesterday, the game runs 2 Aug - 14 Nov. +Last night, 60 Minutes aired an extraordinary story about Australia's property market. In it, they speak to Jonathan Tepper, who predicts a catastrophic housing collapse in Australia. ([The story is available here.](https://www.9now.com.au/60-minutes/2016/episode-3) Starts at ~21 minutes.) + +This is all fairly run of the mill, but some of the statistics mentioned in the story were quite frankly shocking. + +* Nearly half of all new mortgages are interest only +* Tepper and John Hempton, a well-known fund manager, pretended to be a gay couple and went mortgage shopping. [They were offered a 95LVR mortgage at 10x income](https://twitter.com/John_Hempton/status/701295668304842752), which raises doubts about the supposed "crackdown" on lending by the banks. They claim a mortgage broker told him that there "were very few checks by the banks" +* Tepper says interest-only loans have enabled the high price-to-income ratios of houses in capital cities like Sydney — houses he says that lenders can't really afford +* Tepper — who, according to the story, made similar predictions about the US, Ireland and Spain and profited from short-selling — says: "I've never seen anything like this in my entire life. This is truly crazy" + +I live in Melbourne. I'm in my late 20s. Through my own dealings and talking to friends, I've had a number of "red flag" moments. + +* Most recently, one of my partner's friends — who is a single, self-employed mother — took out a interest-only loan to buy an apartment for over $550,000 in Clifton Hill after seeing a mortgage broker. She told me the broker told her there was no need to pay off the principal and she could continue to refinance. She thought it was a good idea because she was told it would be cheaper than her current rent. +* I currently rent in Melbourne's inner north. The two-bedroom house I live in, going by recent sales, would be worth $700,000, which is about 31 times annual rent. This seems insane to me. +* Two couples I know have taken out huge loans to buy houses in inner-north Melbourne. In both situations, there is only one full-time wage earner -- the other two are working and doing post-graduate study. (In one of them, the earner is on a temporary contract.) Both couples used a mortgage broker after being knocked back by the banks. Both used gifted money in their deposits. It seems to me that they are both over leveraged. + +I must say the story crystallised my own views — I believe that there will be a point in the future where Australian homeowners will struggle to service their mortgages. What happens after that is anyone's guess. Does anyone really think these million dollar loans for average properties in Western Sydney, etc., are ever going to be paid off in full? I can't say I do. + + +Let's get a bit of discussion going — I'd be particularly interested in hearing the experiences of people who have recently seen a mortgage broker or applied for a home loan in Sydney or Melbourne. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +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! +I might get downvoted by angry people who just got in recently. + +But as someone who’s been hodling since 2017 I am very excited for this dip. When it dipped from $1,300 all the way down to $90 in 2018 and then the price was that for a few years, that was one of the best times ever because I was able to snap up so much more Ethereum. + +I guess what I’m saying is some people are sad right now but I’m honestly overjoyed. If the price tanks down to below $100.00 again I’ll grab so much more ETH it’ll be ridiculous + +Here’s hoping the crash continues! + +If you’re bullish long term this crash should excite you not make you upset!! +Thought I’d share this for all those exchange zealots out there... + +... A project launches an ICO and brings in a decent amount of money. Ideally, that money should be used to build the product or service and add value to the project by allowing the company to hire more developers, fund more marketing, etc. + +But instead, what happens so often is the ICO gets immediately put under an incredible amount of pressure from early contributors who got the deepest discounts (or biggest bonuses) to list on a major exchange as soon as possible. These contributors, who only play the short game, don’t care about the project or the crypto community. They’re here to arbitrage their connections and their ability to negotiate discounts as high as 90%, in order to monetize their gains and move on to the next desperate ICO who needs their ETH to help separate themselves from the rest of the ICO noise. + +In order to satisfy the early flippers, ICOs need to pay an enormous listing fee to a major exchange. We’ve heard of Binance increasing their listing fee from $2m to a whopping $6 million, due to demand. And even if the project can come up with that astonishing amount, there’s still no guarantee that the exchange will list you. In our case, that means we would have to spend over 10% of our total raise, or over 10 cents of every contributor’s dollar just to list on Binance. It’s hard to justify how this listing could provide that much benefit to the token holders + +Next, many major exchanges require that you retain the services of specific bots what’s known as market MAKERS (MM). + +In simple terms, a MM is an entity that will make sure that their computer lists at least 10 buy orders and 10 sell orders on the exchange at any time. Some exchanges require 20 orders on each side, or even more. The job of the MM is to make it appear as though there is significant activity and liquidity on the market on both sides, and to generate the appearance of high volume. + +This volume and low spreads gives speculators the artificial comfort that they can get in and out of positions at any time even if there is no real buyers or sellers on the other side. It is estimated that close to 90% of all trades on exchanges are with such bots and not humans. The MM does not take any financial risk or benefit the token holders, as they merely create liquidity, but do not change the direction of price or net volumes over time. + +MMs are not free, and it’s typically up to the ICO to pay for the services of the market maker. Naturally, those services are not cheap, and not surprisingly, the exchanges will happily put you in touch with, or force you to work with, a specific company which in many cases also represents the exchanges’ best interests. + +Not only that, but exchanges often have a third fee. That is, the exchanges will demand a deposit of up to millions of coins or tokens from the ICO in what they call a “liquidity deposit” or charge. + +Now, the exchange has the ICO’s coins, a market maker, and an army of speculators. They lay in wait for just the right time to front-run their own clients (the ICOs and users of their platform) and then short the market for said coin using the coins given to them on deposit by the ICO to try and earn obscene profits by watching the project pump and dump all the way down the price charts. + +As these exchanges can see the trading volume and movement before you, they always win. If you have perfect timing and people in the know, you can make some money in this game, but most will eventually suffer terrible losses. + +Binance announced that they plan to earn a profit of $1 billion this year. That money doesn’t just appear out of thin air. Instead, it was collected from ICOs in the form of these sky high fees, trading in front of their client orders and shorting their own listed coins. That billion dollars Binance pocketed for itself (and that includes the distributions they make to their own BNB coin holders) doesn’t benefit the crypto community in the long term..... my + +- Alex Mashinsky, CEO of Celsius Network (via DC) +I know it’s not great but considering I could barely save money a few months ago. + +I officially own 1 ethereum now. + +How much can you see eth going to by the end of the year? I’d be happy even with 7k as I’d use it to pay off all my debt. +It almost seems like people don't want food charities to get money! + +&#x200B; + +Today alone I've seen a handful of freshly launched "charity" tokens hit upwards of 10mil market cap. Yet the only one I was aware of 2-3 weeks ago still sits at barely over 700k mcap (Milk) while it's companion token isn't even at 400k (Butter). This is a travesty, to say the least. The team behind these tokens has put in a phenomenal amount of work. And even with ads on bogcharts and posts throughout reddit, most eyes just aren't seeing it. Hopefully that changes NOW. + +&#x200B; + +The Milk/Butter team gave $13k to Food For Life Global in the tokens 2nd week - which immediately lead to a partnership between the established, 25+ year old, International Vegan food relief organization and the token. [https://ffl.org/20077/cryptocurrency-butter-token/](https://ffl.org/20077/cryptocurrency-butter-token/) Talks are currently happening for more partnerships with similar organizations. + +&#x200B; + +The use cases for this token are growing every week and the potential for price growth is absolutely huge. With both tokens being under 1Mil MCap, a 100x is for sure within the realm of possibility. A voting system was just implemented for nominating and determining what charity gets the raised funds each week. More gamification of the tokens is in the works, also. Lots to look forward to on the horizon - it would be foolish to continue passing up this steal of an entry point, in my opinion, because once this takes off, it will not be stopped. + +&#x200B; + +Yes, the Milk contract ended up not working as intended regarding the charity function. But that was immediately addressed and Butter was born. This does NOT mean Milk is no longer important, as the two work hand in hand. The devs have, from the ground up, written a staking contract for Milk that allows you to accumulate Butter - which can also be bought. When the concern arose about Butter being inflationary, they immediately added a deflationary element to it, taxing transactions to assist in liquidity as well as burning some. + +&#x200B; + +The best part is that the charity process is trust-less and automatic. 5% of all transactions are GUARANTEED to go to charity. You can then help choose which charities are available to vote on (partnered charities will always be an option), and then vote on which of the decided charity options get the accrued donation for that week! + +&#x200B; + +There are weekly AMAs with the devs streamed on Twitch here: [https://www.twitch.tv/milkbuttertoken](https://www.twitch.tv/milkbuttertoken) + +&#x200B; + +To help spread the word there is giveaway this week, which ends in 2 days! Refer a friend and join socials for entries. The winner will receive 50 Billion Milk AND 50 Million Butter. Here is link: [https://www.milktoken.net/giveaway.html](https://www.milktoken.net/giveaway.html) + +&#x200B; + +Your introduction to Milk and Butter Tokens: [https://youtu.be/SaocbsBLWdc](https://youtu.be/SaocbsBLWdc) + +&#x200B; + +MILK Links + +BSCScan: [https://bscscan.com/address/0xb7CEF49d89321e22dd3F51a212d58398Ad542640](https://bscscan.com/address/0xb7CEF49d89321e22dd3F51a212d58398Ad542640) + +CoinMarketCap: [https://coinmarketcap.com/currencies/milk-token/](https://coinmarketcap.com/currencies/milk-token/) + +PooCoin Chart: [https://poocoin.app/tokens/0xb7cef49d89321e22dd3f51a212d58398ad542640](https://poocoin.app/tokens/0xb7cef49d89321e22dd3f51a212d58398ad542640) + +Audit: [https://dessertswap.finance/audits/Milk%20Token%20BEP-20%20Audit%206361622.pdf](https://dessertswap.finance/audits/Milk%20Token%20BEP-20%20Audit%206361622.pdf) + +&#x200B; + +BUTTER Links + +BSCScan: [https://bscscan.com/address/0x0110ff9e7e4028a5337f07841437b92d5bf53762#readContract](https://bscscan.com/address/0x0110ff9e7e4028a5337f07841437b92d5bf53762#readContract) + +PooCoin Chart: [https://poocoin.app/tokens/0x0110ff9e7e4028a5337f07841437b92d5bf53762](https://poocoin.app/tokens/0x0110ff9e7e4028a5337f07841437b92d5bf53762) + +&#x200B; + +Website has all information from guides on how to buy, white paper, contact address, telegram, discord etc: [https://www.milktoken.net/index.html](https://www.milktoken.net/index.html) + +The dev has even built a Wallet page into the website to show you totals for ALL your Milk and Butter - whether it's in your wallet, or staked or it's unclaimed Butter. Once again showing their ability and willingness to go above and beyond what has been presented as the standard for shitcoins. +It almost seems like people don't want food charities to get money! + +&#x200B; + +Today alone I've seen a handful of freshly launched "charity" tokens hit upwards of 10mil market cap. Yet the only one I was aware of 2-3 weeks ago still sits at barely over 700k mcap (Milk) while it's companion token isn't even at 400k (Butter). This is a travesty, to say the least. The team behind these tokens has put in a phenomenal amount of work. And even with ads on bogcharts and posts throughout reddit, most eyes just aren't seeing it. Hopefully that changes NOW. + +&#x200B; + +The Milk/Butter team gave $13k to Food For Life Global in the tokens 2nd week - which immediately lead to a partnership between the established, 25+ year old, International Vegan food relief organization and the token. [https://ffl.org/20077/cryptocurrency-butter-token/](https://ffl.org/20077/cryptocurrency-butter-token/) Talks are currently happening for more partnerships with similar organizations. + +&#x200B; + +The use cases for this token are growing every week and the potential for price growth is absolutely huge. With both tokens being under 1Mil MCap, a 100x is for sure within the realm of possibility. A voting system was just implemented for nominating and determining what charity gets the raised funds each week. More gamification of the tokens is in the works, also. Lots to look forward to on the horizon - it would be foolish to continue passing up this steal of an entry point, in my opinion, because once this takes off, it will not be stopped. + +&#x200B; + +Yes, the Milk contract ended up not working as intended regarding the charity function. But that was immediately addressed and Butter was born. This does NOT mean Milk is no longer important, as the two work hand in hand. The devs have, from the ground up, written a staking contract for Milk that allows you to accumulate Butter - which can also be bought. When the concern arose about Butter being inflationary, they immediately added a deflationary element to it, taxing transactions to assist in liquidity as well as burning some. + +&#x200B; + +The best part is that the charity process is trust-less and automatic. 5% of all transactions are GUARANTEED to go to charity. You can then help choose which charities are available to vote on (partnered charities will always be an option), and then vote on which of the decided charity options get the accrued donation for that week! + +&#x200B; + +There are weekly AMAs with the devs streamed on Twitch here: [https://www.twitch.tv/milkbuttertoken](https://www.twitch.tv/milkbuttertoken) + +&#x200B; + +To help spread the word there is giveaway this week, which ends in 2 days! Refer a friend and join socials for entries. The winner will receive 50 Billion Milk AND 50 Million Butter. Here is link: [https://www.milktoken.net/giveaway.html](https://www.milktoken.net/giveaway.html) + +&#x200B; + +Your introduction to Milk and Butter Tokens: [https://youtu.be/SaocbsBLWdc](https://youtu.be/SaocbsBLWdc) + +&#x200B; + +MILK Links + +BSCScan: [https://bscscan.com/address/0xb7CEF49d89321e22dd3F51a212d58398Ad542640](https://bscscan.com/address/0xb7CEF49d89321e22dd3F51a212d58398Ad542640) + +CoinMarketCap: [https://coinmarketcap.com/currencies/milk-token/](https://coinmarketcap.com/currencies/milk-token/) + +PooCoin Chart: [https://poocoin.app/tokens/0xb7cef49d89321e22dd3f51a212d58398ad542640](https://poocoin.app/tokens/0xb7cef49d89321e22dd3f51a212d58398ad542640) + +Audit: [https://dessertswap.finance/audits/Milk%20Token%20BEP-20%20Audit%206361622.pdf](https://dessertswap.finance/audits/Milk%20Token%20BEP-20%20Audit%206361622.pdf) + +&#x200B; + +BUTTER Links + +BSCScan: [https://bscscan.com/address/0x0110ff9e7e4028a5337f07841437b92d5bf53762#readContract](https://bscscan.com/address/0x0110ff9e7e4028a5337f07841437b92d5bf53762#readContract) + +PooCoin Chart: [https://poocoin.app/tokens/0x0110ff9e7e4028a5337f07841437b92d5bf53762](https://poocoin.app/tokens/0x0110ff9e7e4028a5337f07841437b92d5bf53762) + +&#x200B; + +Website has all information from guides on how to buy, white paper, contact address, telegram, discord etc: [https://www.milktoken.net/index.html](https://www.milktoken.net/index.html) + +The dev has even built a Wallet page into the website to show you totals for ALL your Milk and Butter - whether it's in your wallet, or staked or it's unclaimed Butter. Once again showing their ability and willingness to go above and beyond what has been presented as the standard for shitcoins. +Straight from the GRUMPY Devs + +✅ GRUMPYSWAP - Uniswap decided to black-list us from their own interface? That just made us so $GRUMPY that we have now decided to delist them. We have removed the Uniswap exchange from our website and added our own exchange interface: GrumpySwap. Go ahead and trade your $GRUMPY without worries over at https://swap.grumpy.finance + +✅ COINMARKETCAP UPDATE - CMC has finally updated ALL of our social media links and you can see the feed from our Twitter and Reddit straight from their website. + +https://coinmarketcap.com/currencies/grumpy-finance + +✅ ETHERSCAN UPDATE - Etherscan has updated ALL our official social media links and you can track the real value of $GRUMPY on their website. + +✅ OUR LOGO SHOWS UP - Have you noticed that our logo now shows up when you go and trade GRUMPY at those exchanges provided on our website? Check them out here: + +https://grumpy.finance/#exchanges + +✅ WEBSITE TRANSLATED - We have translated our website to 7 different languages and there are plans on many more to increase our community's reach. + +Languages already translated are: + +Finnish + +Dutch + +German + +Hindi + +Italian + +French + +Spanish + +We are working on other languages as well. If you feel like your (native) community would benefit from a website translation then please do let us know. + +✅ FOUNDATION HAS BEEN SET UP - Our $GRUMPY Foundation is fully set up and the information regarding it will be revealed very soon. We have also applied for setting up a bank account for our foundation to use, however as it's a legal entity on its own it takes time to set up everything the right way. We are happy to say that good progress has been made and stay tuned for more updates regarding this over the coming weeks. + +✅ LEGAL HELP - We now hired a law firm to take care of legal issues. + +We had a very constructive meeting with a Dutch law firm that has taken up the task of taking care of $GRUMPY legal issues. + +✅ LISTING FUND CAMPAIGN DONE! - We were able to collect the rest 60% of our funds needed for the CEX listing in just 24 hours with the help of our friendly whales, the community, and us in the core group. We have our funds in different currencies so we are now in the process of converting the funds to $BTC and $GRUMPY to pay the CEX for listing Grumpy. This will be completed before Thursday. We know that you are all very eager to find out which exchange we are talking about but we have made plans that consist of us revealing it with the cooperation with the CEX in question. The only thing we can reveal is that it’s in the Top 30 Exchanges in the following list: https://coinmarketcap.com/rankings/exchanges/. For the timing of it, we can say the listing will happen more or less in 2 weeks. + +🔊 LAST BUT DEFINITELY NOT LEAST🔊 + +✅ SHILLING CAMPAIGN STARTS - ONE...TWO...THREE...GO!!! + +We were happy to see that the Grumpy community wants to spread grumpiness all around the world and we are now advising you to do so. We have ready-to-post messages and a large list of those Telegram groups and subreddits where we would like to see the community start promoting $GRUMPY on. Everyone could and really should spend some time upvoting, commenting, and liking those posts related to Grumpy. THIS IS THE MOMENT to really show how $GRUMPY you have been for the last few weeks and how much power this Community really has. Use it wisely. + +😾 Thank you again for your time and consideration, as always, #staygrumpy! 😾 + +Yours sincerely, + +The $GRUMPY Core team +It almost seems like people don't want food charities to get money! + +&#x200B; + +Today alone I've seen a handful of freshly launched "charity" tokens hit upwards of 10mil market cap. Yet the only one I was aware of 2-3 weeks ago still sits at barely over 700k mcap (Milk) while it's companion token isn't even at 400k (Butter). This is a travesty, to say the least. The team behind these tokens has put in a phenomenal amount of work. And even with ads on bogcharts and posts throughout reddit, most eyes just aren't seeing it. Hopefully that changes NOW. + +&#x200B; + +The Milk/Butter team gave $13k to Food For Life Global in the tokens 2nd week - which immediately lead to a partnership between the established, 25+ year old, International Vegan food relief organization and the token. [https://ffl.org/20077/cryptocurrency-butter-token/](https://ffl.org/20077/cryptocurrency-butter-token/) Talks are currently happening for more partnerships with similar organizations. + +&#x200B; + +The use cases for this token are growing every week and the potential for price growth is absolutely huge. With both tokens being under 1Mil MCap, a 100x is for sure within the realm of possibility. A voting system was just implemented for nominating and determining what charity gets the raised funds each week. More gamification of the tokens is in the works, also. Lots to look forward to on the horizon - it would be foolish to continue passing up this steal of an entry point, in my opinion, because once this takes off, it will not be stopped. + +&#x200B; + +Yes, the Milk contract ended up not working as intended regarding the charity function. But that was immediately addressed and Butter was born. This does NOT mean Milk is no longer important, as the two work hand in hand. The devs have, from the ground up, written a staking contract for Milk that allows you to accumulate Butter - which can also be bought. When the concern arose about Butter being inflationary, they immediately added a deflationary element to it, taxing transactions to assist in liquidity as well as burning some. + +&#x200B; + +The best part is that the charity process is trust-less and automatic. 5% of all transactions are GUARANTEED to go to charity. You can then help choose which charities are available to vote on (partnered charities will always be an option), and then vote on which of the decided charity options get the accrued donation for that week! + +&#x200B; + +There are weekly AMAs with the devs streamed on Twitch here: [https://www.twitch.tv/milkbuttertoken](https://www.twitch.tv/milkbuttertoken) + +&#x200B; + +To help spread the word there is giveaway this week, which ends in 2 days! Refer a friend and join socials for entries. The winner will receive 50 Billion Milk AND 50 Million Butter. Here is link: [https://www.milktoken.net/giveaway.html](https://www.milktoken.net/giveaway.html) + +&#x200B; + +Your introduction to Milk and Butter Tokens: [https://youtu.be/SaocbsBLWdc](https://youtu.be/SaocbsBLWdc) + +&#x200B; + +MILK Links + +BSCScan: [https://bscscan.com/address/0xb7CEF49d89321e22dd3F51a212d58398Ad542640](https://bscscan.com/address/0xb7CEF49d89321e22dd3F51a212d58398Ad542640) + +CoinMarketCap: [https://coinmarketcap.com/currencies/milk-token/](https://coinmarketcap.com/currencies/milk-token/) + +PooCoin Chart: [https://poocoin.app/tokens/0xb7cef49d89321e22dd3f51a212d58398ad542640](https://poocoin.app/tokens/0xb7cef49d89321e22dd3f51a212d58398ad542640) + +Audit: [https://dessertswap.finance/audits/Milk%20Token%20BEP-20%20Audit%206361622.pdf](https://dessertswap.finance/audits/Milk%20Token%20BEP-20%20Audit%206361622.pdf) + +&#x200B; + +BUTTER Links + +BSCScan: [https://bscscan.com/address/0x0110ff9e7e4028a5337f07841437b92d5bf53762#readContract](https://bscscan.com/address/0x0110ff9e7e4028a5337f07841437b92d5bf53762#readContract) + +PooCoin Chart: [https://poocoin.app/tokens/0x0110ff9e7e4028a5337f07841437b92d5bf53762](https://poocoin.app/tokens/0x0110ff9e7e4028a5337f07841437b92d5bf53762) + +&#x200B; + +Website has all information from guides on how to buy, white paper, contact address, telegram, discord etc: [https://www.milktoken.net/index.html](https://www.milktoken.net/index.html) + +The dev has even built a Wallet page into the website to show you totals for ALL your Milk and Butter - whether it's in your wallet, or staked or it's unclaimed Butter. Once again showing their ability and willingness to go above and beyond what has been presented as the standard for shitcoins. +I see a lot of suggestions for saving money on XYZ but I don’t think we ever really talk about what are the best ways to add additional revenue streams to a persons life. Does anyone know of normal things a person can do to add more income to their life? (Hopefully besides “get a new job”) + +I figured I’d ask because you can only save/invest what you are already earning. My parents never took the time to teach us about how you could make money outside of a job/career. +I’m a 26m and am the first born son of a traditional/conservative Asian family. By my father and my culture, I am considered the head of household and thus responsible for everyone in my immediate family. My family consists of 6 (my wife (25f), newborn daughter, younger sister (23f), mother (50f), father (61m) and myself. I do this by paying for everyone’s bills and most of their needs. A couple of examples are: I pay for my parents mortgage and utilities, I paid for my sisters college education (not a full program thankfully), I finance and pay for everyone’s vehicles and their insurances, and more. On top of this I also provide for myself and my wife and child at our tiny apartment in the city of Charlotte. + +This has since changed drastically. Before in the past, I was honestly ok with this setup as I was able to manage most of everything remotely and didn’t live with my parents. Back then I made significantly more money and lived on my own with my wife. However when the pandemic hit, my parents lost their jobs. (They worked in festival gig work and with every event cancelling, they ran out of money to pay for food for themselves) I also ended up getting laid off as an engineer for UPS. To make matters worse this was around the time my wife and I found out we were pregnant. This plus the insane rise in cost of living in the city absolutely crushed me. I ended up moving my family of 3 back in with my parents. I struggled to find work that accepted an engineers salary with no college degree, just experience, but have found no luck. I have been a delivery driver for Amazon since 2020 to just keep my head above water, but it is nowhere near enough! I’m honestly sick of this company and it’s abuse of their employees, but I’m trying to do everything I can to provide. + +My parents are just now starting to find gig work again as events begin to happen. Regardless, I’m unable to say much as I’ve suggested my parents get factory jobs or anything to help us all get by, but they are stubborn and plainly state that it’s my responsibility to provide for the family. My sister is busy attempting to be an influencer and is protected by my parents so any attempt at asking her to help is off the table. My wife is busy raising our daughter, which I’m fine with, but sometimes I wish she could use her degree in education to teach or tutor. It’s been an extremely hard year and I feel shame when I can’t make ends meet like I used to. + +I know this all probably sounds crazy to some, but surely there’s others in here that live a similar life? I’m not despairing or hopeless. I’m just worn out doing this all by myself. + +Thankfully, I’ve landed 2 potential job offers in fields that both pay well and are willing to take me regardless of my lack of a degree. I’m in the final interview process for both and if I get either one, it’ll mean I can finally lift my entire family out of this rut and back into a somewhat comfortable life. + + +EDIT: Thanks everyone for responses!!!🙏🏾 I greatly appreciate the support. Thanks also for just listening/reading my rant. As some have suggested, yes my wife and I are Filipino. After speaking with her, we both agree that this has gone on long enough and that I have not been fair to my own family. Thus, we’ve decided that once I get a new or higher paying job, we will be moving out. We will continue to support my parents and sister the “normal” way that Filipinos do, which is just sending money, but in a manner not as extreme as mentioned. I love this community. You all have taught me so much during my struggles this past year and I’ve learned some neat things thanks to this subreddit. I hope to one day be in a place where I too can contribute! +Good morning folks! A couple of articles to share today. The first one talks about how you need to be careful when choosing an index fund provider as you could be stuck with a pile of capital gains if they don't have enough incoming money to cash out investors. The tax hit if you were holding in taxable would be obnoxious. + +The second article is about Vanguard's shareholder meeting (did anybody here go?) in Scottsdale yesterday. They have **$4.8 TRILLION** in assets now and are piling up money. I thought the two articles went hand in hand as Vanguard simply pays people redeeming out of their inflow for the most part. + +**The Rot That Lies Beneath Some Index Funds** +Index funds are supposed to meet expectations almost exactly — but once in awhile they can hand investors an unpleasant surprise. + +These mutual funds and exchange-traded funds passively track the performance of a basket of stocks, bonds or other assets. They seek to match the market, not to beat it. After costs and taxes, they should provide returns almost identical to those of the underlying investments they hold. + +Then there is PNC S&P 500 Index Fund. + +Next month, PNC has announced, the fund will pay out $4.19 in capital gains per share. This week, the fund’s per-share value was around $19. So, even if you never sold a share, the fund will pay out nearly 22% of your total investment as a taxable gain. +Unless you own it in a retirement account, you’d owe approximately $325 to $515 in federal tax on a $10,000 holding, depending on your tax bracket. That would put something between 3% and 5% of your investment straight into Uncle Sam’s pocket. (To be fair, you would owe proportionately less in future taxes if you sell down the road.) + +So, even though the PNC index fund has come within a third of a percentage point of matching the S&P 500’s 17.4% return so far this year, its investors will fall badly behind the market after they pay their taxes. + +How can that happen? + +In general, when investors exit a fund, it may cash out of some of its holdings, potentially generating a taxable gain that must be paid out to the remaining shareholders. + +In recent years, at least, more investors have wanted to buy index funds than sell, tending to make such portfolios unusually tax-efficient. Vanguard 500 Index Fund hasn’t paid out a capital gain since December, 1999, according to Morningstar; State Street Institutional S&P 500 Index Fund hasn’t paid one since December, 2000. + +A spokesman for PNC Funds declined to comment. + +However, investors withdrew $63 million from the fund, or 38% of its assets, over the 12 months through Sept. 30, Morningstar estimates. + +The manager of an index fund doesn’t have much flexibility on which shares to sell when investors want their money back, says Mark Wilson, president of Mile Wealth Management in Irvine, Calif., whose website CapGainsValet.com warns about taxable payouts. + +That’s because such a portfolio needs to hold stocks in similar proportions to the index it’s seeking to match. So the manager can’t always sell selected holdings at a loss that would offset gains elsewhere. Instead, he or she has to sell pretty much across the board, which can generate unwanted capital gains. + +Launched in early 2000, the $125 million PNC fund tries to match the market, before expenses. +Its prospectus explains that the fund manager may use futures contracts on the index, or various exchange-traded vehicles, “in addition to, or in place of,” the stocks in the S&P 500. + +Over the past 10 years, the fund has trailed the S&P 500 by 0.29 percentage points, or a bit less than its average expenses over the period. So it has come close — but only before tax. PNC S&P 500 Index Fund’s 7.2% average annual return over the past decade shrivels to 6.2% after tax, estimates Morningstar. + +PNC isn’t the only index fund that doesn’t always behave like its underlying investments. Rydex S&P 500 Fund is a $256 million portfolio that seeks to match the market with swaps, options, futures contracts and other indirect techniques, in addition to the stocks themselves. + +So Rydex S&P 500 turns its portfolio over at an annualized rate of 133%, implying that it holds its average investment for, at most, nine months at a time. Most S&P 500 index funds have turnover rates of 5% or less, equivalent to an average holding period of at least 20 years. + +The Rydex fund costs between 1.6% and 2.3% annually, the most of any S&P 500 index fund, according to Morningstar. But it tends to underperform the market by a margin even slightly wider than its already distended expenses. In 2016, for instance, it lagged the market by nearly 0.4 percentage points more than its expenses. Extra trading costs money. +Ivy McLemore, a spokesman for Guggenheim Investments, which offers the Rydex funds, says the fund is used by — and most suitable for — short-term traders. It “has performed in line with expectations,” given its expenses, he says. +The word “index” is related to the Latin word for forefinger. Index funds are meant to be indicators. If you own one, it should passively track the performance of a broad basket of stocks, bonds or other assets — and its own returns should indicate, almost exactly, how the underlying investments performed. + +If they don’t, something is wrong. + +Source: The Wall Street Journal, http://on.wsj.com/2iLkbBf + +http://jasonzweig.com/the-rot-that-lies-beneath-some-index-funds/ + + +**Vanguard’s 2017 Prediction: A Record $350 Billion In New Cash** + +*Vanguard benefiting from shift away from money managers who specialize in handpicking winners* + +SCOTTSDALE, Ariz.—Vanguard Group quadrupled in size over the last eight years. It is about to get even bigger. + +The money management giant is on pace to collect a record one-year total of about $350 billion in investor cash by the end of 2017, Chief Executive F. William McNabb III said in an interview Wednesday following a shareholder meeting in Scottsdale, Ariz. That estimate hasn’t previously been disclosed. + +“It’s an extraordinary number,” Mr. McNabb said of money flowing into the firm. + +The expected haul, which would exceed Vanguard’s prior record by $27 billion, reinforces an industrywide shift away from money managers who specialize in handpicking winners. + +Vanguard has become one of the main beneficiaries of the growing preference by investors for lower-cost, so-called passive funds, which track the performance of indexes. It pioneered the index fund for retail investors 40 years ago. + +Vanguard’s outsize heft was a topic of discussion at its Scottsdale meeting Wednesday, the first firmwide gathering for shareholders since 2009. One Vanguard Group shareholder marveled at the wave of new investor cash the money manager has attracted in recent years and asked executives if they are taking any precautions to make sure that success doesn’t go to their heads. + +“It is probably the thing we worry most about at Vanguard,” Mr. McNabb told the shareholder. “That success can breed complacency.” + +The last time shareholders came together for a firmwide meeting Vanguard’s assets under management were $1.1 trillion and money going into its passively managed funds accounted for about 78% of total net inflows during 2009. + +Now its assets are $4.8 trillion and passively managed funds accounted for 91% of inflows through the first 10 months of this year. Net flows into Vanguard funds so far this year accounted for about 51% of total net flows into all U.S. mutual funds and exchange-traded funds, according to Morningstar Inc. + +“We’re a very different company than we were 10 years ago,” Mr. McNabb said in the interview. + +Some customers have complained of longer call wait times while Vanguard’s assets ballooned. Mr. McNabb said Wednesday the company has added 1,200 customer service staff members to a 5,000-person team in the last year. The firm’s processing backlog is down and wait times are shorter, according to Mr. McNabb. + +“We just didn’t see the continued cash flow” that Vanguard eventually received, he said. + +Shareholders in most funds approved six management proposals Wednesday, the company said, including the election of trustees and permission to hire or fire internal managers for the majority of the company’s 195 funds. The proxy vote was the largest ever by a mutual-fund firm, Mr. McNabb told shareholders. + +Vanguard reserved a large beige-walled conference room at a Doubletree Resort that was divided by a collapsible wall. The first room had about 300 chairs and a second had additional rows of seating, should more clients than expected attend. It turns out the extra room wasn’t needed, as 205 shareholders showed up. + +Customers made their way gradually to seats and filed one-by-one to microphones on either side of the conference room to ask questions. Executives answered from wooden chairs on a stage with a curtain behind them lighted with red light. + +Retired insurance industry executive Robert Hestekind, 78, arrived from Northeast Mesa, Ariz., to learn more about the proposals for which the money manager sought shareholder approval and get a glimpse of Vanguard’s founder. + +“I was hoping maybe we’d get to see Jack Bogle, ” he said. “He’s as big as Warren Buffett in my estimation.” + +But Mr. Bogle, 88, who founded Vanguard in 1975, wasn’t in attendance at Vanguard’s meeting. Mr. Bogle received an ovation at this year’s Berkshire Hathaway annual meeting, where Berkshire Chief Warren Buffett said the Vanguard founder “has probably done more for the American investor than any man in the country.” + +One Vanguard Group shareholder asked executives on stage at the meeting if the company’s mutual structure might change. Mr. McNabb’s reply: “The short answer is no.” + +Mortimer J. “Tim” Buckley, who is set to succeed Mr. McNabb in January, chimed in, too. “I’ll second that,” Mr. Buckley said. + +Mr. McNabb said the structure, in which the firm is owned by its fund shareholders, is “the single biggest source of our distinct advantage.” He credited Mr. Bogle for setting up the company that way. + +Tom Kenney, a retiree who lives near Phoenix and used to work in advertising, came to the meeting to hear Vanguard’s view of financial markets. “It’s been going up and up and up,” Mr. Kenney said of markets, wondering when it might start to go “down, down, down.” + +Source: https://www.wsj.com/articles/vanguards-2017-prediction-a-record-350-billion-in-new-cash-1510781259 + +Archive Source: http://archive.is/bH55G +Full disclosure: I own Nano. Have been in it since 2017. + + +While Bitcoin, Dogecoin and ETH are getting all the hype right now, it is important to learn about other players in the market with potentially better tech. + +NANO is a direct competitor to LTC and Bitcoin. Nano was created in order to be used in transactions and make them free and instantaneous. + +There are multiple advantages to NANO when compared to other competitors: + +1. Fee-less + +Unlike many other cryptos, nano is fee-less. This is a major advantage to other crypto’s, especially since Bitcoin can get really expensive really fast. In 2017, a Bitcoin transaction could cost over $40 and take 2 hours to complete. This is a major drawback for small everyday transactions. It could be argued that Bitcoin is a store of value, and should not be used for small transactions but it does go against the original thesis of Satoshi. + +2. Instant + +Nano is essentially instantaneous and that is extremely important for small every day transactions. I recommend opening two nano wallets and sending money back and worth to truly appreciate the speed of the network. + +3. Eco-friendly + +I think this is a huge point that many people overlook. With the rise of Bitcoin, more and more power is dedicated to mining/processing transactions, and at a certain point the cost of doing so will be insane. With Nano, thousands of transactions can happen at the same time without the insane energy consumption that we are all used to seeing. + + +Conclusion: + +These are just a few advantages that new people should know about NANO. +If the goal is to truly make a convenient crypto that lets people to freely transact, there is a strong argument for Nano technology. +Additionally, the team is fairly experienced and has been around for over 4 years now. +Good luck, and happy investing. + + + +EDIT: A few people asked, but NANO is a fully built out network. It has been available for use since 2015 (called raiblocks), and has gone through multiple stress tests. + +EDIT 2: There is a lot of healthy discussion going on, but also a few people think I am shilling for the coin. To be honest, I will be holding this crypto for a long time. I did not expect this post to take off, if I did, I would make it more detailed. Anyway, this is obviously just an opinion, and there can be disagreements on whether the technology makes sense or not. +* To be clear, I am not making any judgements or trying to offend anyone, but I was talking to a friend about poverty and homelessness, and he said that a lot of people who live in poverty as a result of their own bad choices, such as doing drugs, having children despite not being able to afford them, etc, and I am wondering how much truth there is to this? +All you hedge fucks, society is crumbling. It’s time to cut the shit and pay out so we can get to work fixing some of this and investing in the future instead of hoarding and siphoning the lifeblood out of humanity. + +Like shits gotta give. Housing prices are out of control, rent is out of control, people are saddled with debt, moral is low. + +There’s no way out. There’s no future. There’s no hope. It’s fucking time. Just let it happen ffs, it’s the right thing to do. +As a system developer, I'm constantly reading the viewpoints of other traders, developers, etc. Most systems traders seem to hold the view that markets are getting more efficient and as a result their jobs are getting more difficult. It's such a common refrain that it's almost a cliche. + +How do we really know if markets are (only) getting more efficient (or not)? System traders seem to simply repeat the phrase without really thinking about it, like it's a crutch. When they're asked for direct measurement or strong evidence of the claim, there's nothing except for uncorrelated "proof" like "my system isn't working anymore". + +"Systems are getting more efficient." +Tons of people are parroting this sentiment, but no one's showing how. + +**So: are markets only becoming more efficient? If so, how do we know?** +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +How did the stock market go up 9% from yesterday? What information changed from 24 hours ago? + +On the outside we are in the middle of a pandemic and our global work force is partially on hold. Our economy is heavily based on consumerism and the Dow is almost up 10%? On the outside it makes zero sense. + + +I am ranting. Is this because Trump told his old rich guy pact that he will put the stock market over deaths late last night? + +They probably already have an inside list of the “top big to fail” that they made last night. This lets the rich investors come in and buy the airline, hotel, and other travel stocks without fear of losing because at this point the stocks are so low if they go any lower the Fed will save the companies. + +So if you are an ultra rich guy you basically can throw 50 million at some airlines stocks. 5 years from now those investments can probably quadruple or more. + +The stock market is volatile as F. If you have hundreds of millions of dollars you might as well invest in the airlines because what do you have to lose right? + +I feel like our “economy” is nothing but a few thousand people +with power, money and insider information. + +Hey ultra rich people. Can I get a $5 million dollar loan and your insider list of what is to big to fail pretty please? I promise I won’t tell anyone any of your secrets if you let me in your club. +Hi, +just want to know if the landlord can bill tenant at the rate the electricity company was charging once solar panels are put on the roof of the rental property. +Thanks +I have signed a contract for a property which had a whole heap of junk, but also 4 caravans and a car. Sale was "as is, including the junk, car and vans", however before going unconditional the owner has removed at least one of the vans. + +Is there anything I can do? + +I'm worried about complaining and the owner withdrawing from the contract. + +I was planning to sell them and or use them. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs + +&#x200B; + +**📌 Flair update!** Out with the ODL in with the new **🧾 Buy & HODL 💎🙌** with a new background color #242424, IYKYK + +**📌** [New Superstonk User Flair Emojis & How to edit your own flair!](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +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 was going through my old things and saw I got a 6% return on my 5 year CD's back in the 1990s and early 2000s. With that type of return why bother with the stock market and it's crazy ups and downs, especially after financial independence and retirement? + +IF CD's started to pay 6% again and inflation was moderate would you pull out of the crazy stock market? (Maybe even 4-5% CD rates would be good enough, who knows.) +Anyone else burnt out? Every waking moment is spent thinking about money, tied with how much I hate my demanding, low paying job. Every day I come home exhausted and do nothing but rest until I have to go back the next day and do it again. + + +I do manage to save some money but there's always something to buy. Feet hurt so new shoes for work. Doctors visit. Tests for doctors visit. Oops, we still don't know what's wrong with you, here's more tests and more doctors visits. Car broke down. Kid's birthday. Toothache. Wisdom teeth need out. Ugh. + + +Part of what makes me so anxious is I've been working since 18 for (what started as) supplemental income for a family of 7. Then my dad died and it was just my income. I'm 25 now and struggling to find a way to support my family but also save enough for me to move out one day. + + +It's not as bad as it was. In fact we're doing pretty ok. (Still poor, but ok). But keeping your head above water doesn't mean you aren't still seconds from drowning. + + +Just wanted a little rant I guess. Anyone else tired of thinking about work and money? It literally gives me anxiety just thinking about it. +&#x200B; + +https://preview.redd.it/p8g0e32hlon91.png?width=1000&format=png&auto=webp&s=c9637501e6cad6a262ae9b12cbf255f55ecfd554 + +Hello [r/Superstonk](https://www.reddit.com/r/Superstonk/), I hope you're enjoying a wonderful Tuesday! Did you know tomorrow is likely the biggest technical upgrade in the blockchain world to date? After taking notes and sharing hype from [foobar](https://twitter.com/0xfoobar)'s appearance on [Rug Radio](https://twitter.com/0xfoobar/status/1569339423631753217) about the Merge with the rest of the Mod team, I was met with 'What's the Merge Jelly?' With that, the team agreed an informational post would be helpful and I volunteered to put together this summary post. + +# What is the Merge? + +After years of preparation, the Merge is Ethereum's transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) and [is happening Wednesday evening Eastern Time (ET)](https://www.ethernodes.org/merge). + +# What is Proof-of-Work (PoW) and Proof-of-Stake (PoS)? + +[Proof-of-Work (PoW)](https://ethereum.org/en/developers/docs/consensus-mechanisms/pow/#top): The original blockchain consensus mechanism. A hash function (a mathematical function or computer program) that can only go one way. It is very easy to take an input and get an output. However, if you have an output, it is near impossible to figure out what input corresponded to it, unless you generated it yourself--a one way function. + +PoW says you have to find inputs that correspond to an output with loooots of zeros in them (can you hash to a low number?) + +The difficulty, says how low of a number you need (how many zeroes in the number) and is dynamically adjusted so that the time between blocks is relatively consistent. + +In this system, folks buy ASIC's in BTC's case, GPU's in ETH's case, and run them on these hash functions that serves as [sybil resistance](https://ethereum.org/en/developers/docs/consensus-mechanisms/#sybil-chain), making sure no one party can take over the protocol. + +[Proof-of-Stake (PoS)](https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/#top): An alternative security mechanism to PoW that views security as something that can be more circular and self-contained. + +Instead of folks putting up GPU hash power to secure the network, they post their own native coin (ETH in our instance) posted like a jail bond--promising to act honestly and follow the rules of the network and if one doesn't, forfeit the bond. + +* Both PoW and PoS require you to buy a resource, and that resource gives you the right to create blocks. + +# In PoW you buy computer chips and the computer chips allow you to produce blocks. + +# In PoS, you buy ETH and that ETH gives you the right to produce blocks. + +**Both mechanisms answer the question who gets to make blocks and who decides what gets to go into them. This is important because who makes blocks and who determines what goes in them could also determine what is censored and what is not or if the blockchain is usable on a day to day basis.** + +# What will this update do? + +* Help combat the climate narrative (emissions cut by 99.5% with shift to PoS) +* Make use of a stronger security mechanism +* More predictable [block times](https://ethereum.org/en/developers/docs/blocks/#block-time) (PoS blocks every 12 seconds, PoW is randomly generated every 13-14 seconds based on difficulty and hash generation), which will lead to \~10% greater throughput. +* [MEV](https://ethereum.org/en/developers/docs/mev/#top) gets easier for bots (this will cause staking yields to go up but can be an issue if you use a wallet or [dapp](https://ethereum.org/en/glossary/#dapp) utilizing default [RPC nodes](https://moralis.io/ethereum-rpc-nodes-what-they-are-and-why-you-shouldnt-use-them/), which can lead to [sandwiching](https://ethereum.org/en/developers/docs/mev/#mev-examples-sandwich-trading). foobar mentioned using a private RPC alleviates this concern--however, the GME wallet does not allow RPC to be edited at this time. + +# What won't this update do? + +* Lower transaction fees: The Merge is a change of consensus mechanism and not really an expansion of network capacity. Therefore, it won't result in lower gas fees since [validators](https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/#validators) will take up an almost similar amount to process transactions. However, with the switch to PoS, is laying groundwork for future scaling via [sharding](https://ethereum.org/en/developers/docs/scaling/#sharding), which will impact fees. +* Create a new ETH token +* Allow you to withdraw staked ETH. Staked ETH withdrawals will only be possible after the [Shanghai Upgrade](https://ethereum.org/en/upgrades/merge/) \- the next major upgrade on the Ethereum network after **The Merge**. Newly issued ETH will remain locked and illiquid for several months following The Merge until the Shanghai upgrade is done. +* Make transactions noticeably faster--transaction speed will remain the same on L1. +* Cause Network Disruption: [that's why core devs have been running the beacon chain in prod for 21 months straight, did 13 different mainnet shadow forks, and 3 live testnet merges](https://twitter.com/0xfoobar/status/1569689481854205952) + +# Do I need to do anything if I have NFTs? + +No. All you need to do is sit back and wait for the '[Surge, Verge, Purge, and Splurge!](https://www.youtube.com/watch?v=kGjFTzRTH3Q)' + +If there is a ETH-PoW fork you might have 2 versions of your NFTs but the POW version is unlikely to be desirable in anyway--outside those seeking out grifter culture. For example, ETH-PoW backed by LFG swap (the folks behind the Luna foundation is a thing...) + +# Additional Resources + +Ethereum Proof-of-Stake - Explaining Ethereum's consensus mechanism after The Merge: [https://0xfoobar.substack.com/p/ethereum-proof-of-stake](https://0xfoobar.substack.com/p/ethereum-proof-of-stake) + +[https://ethereum.org/en/upgrades/merge/](https://ethereum.org/en/upgrades/merge/) + +[https://youtu.be/EEuPmA8w0Kc](https://youtu.be/EEuPmA8w0Kc) +A redesign of Snapchat (SNAP -7.3%) is continuing to pile up negativity, and longtime bear MoffettNathanson reiterated a Sell rating on Snap with an eye to what it says is 45% downside. +We are 10 years further in the world. + +What will the headlines say? + + +-Bitcoin reached a new ATH of $420.069 + +-Elon musk jailed for market manipulation + +-ETH gas will go down after the introduction of ETH 6.9 + +-Man got arrested for trying to pay with non digital money. + +-Sec vs Ripple, is it a security or not? +Lawsuit proceeds day 4200 + +-Moon coin enters Top 10 with a market cap of $53 Billion + +-XLM faces the resistance of $0.37. Bullish on $0.39 + +-El Salvador is now the country with the most Millionaires + +-MicroStrategy holds 60% of whole Bitcoin supply + +So what are you thinking is going to be a headline in 10 years? +Hello everyone, + +&#x200B; + +I'm looking to get into options trading with some extra money I have- around $5-10k. Looked around forums and subreddits and concluded SPY weekly options would be a great starting point. Wanted to pick at everyone's brains a bit and see if there's any key considerations I'm missing. + +&#x200B; + +Currently thinking about going all-in on 50 contracts of 11/17 $473c options. The $473 strike is an arbitrary price point I came up with from a modest amount of research but nothing more or less. If I am open to a high-risk portfolio with strong potential gains, is there anything else I should take into account? + +&#x200B; + +Thanks for your inputs! +Is it China? + +Is it the clampdown on cash? + +Is it cross border capital controls by governments? + +Is it the desire to be able to move value quickly and bureaucracy-free in the event of a sudden market correction? + +OK, $14bn is still a very small market cap in the grand scheme of things, but perhaps Bitcoin is a good hedge against all the possible reasons listed above? + +What interests me most is what will happen to Ethereum if Bitcoin fails to reach a new ATH and/or the ATH is reached and it quickly unwinds. + +There's now over $15bn sloshing around the cryptocurrency space and hopefully Ethereum can pull a large proportion of this. + +My view is that Ethereum is a superior technology that is more compatible with the real world. The long term usefulness for Bitcoin as a value exchange system will feature in the computer museum rather than anything at global scale in the real world. +Recent crash is one thing. Now the Luna project basically wiped out (and the boss disappearing), I‘m asking myself which one will be next and which ones should I invest in… performing a solid due diligence on the projects is nearly impossible… wondering what your thoughts are +Welcome to the non-serious Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. 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. +- Discussion here is more free than the Serious Daily. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on here may be removed. Basically, please post memes here first. And please upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://np.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior **should be reported** and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, [follow this link](https://np.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Resources and other information: + +* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* **The daily thread will no longer be stickied so please remember to upvote it for visibility.** + +*** + +Thank you in advance for your participation. Enjoy! +So basically I've been homeless for 6 months living in my car because I don't want to pay 2,000 a month for rent and I would rather put 1k in btc and 1k in eth each month. + +Ive invested everything I make but I only make 20k a year. + +This is why I don't want to spend money on housing. I would be breaking even each month before going into debt to buy food. + +When I'm living in my car, I'm able to put a majority of my income into btc and eth after my food expenses and im able to end each month net positive. + +If I get a place to stay, I'm going to be net negative. + +All these jobs pay shit. People told me to go get a job but doordash just pays way more even after gas and tax. + +These restaurants have you working a ton all for a tiny tiny little paycheck every 14 days, its really not worth it. I won't make enough money to pay rent with a job like that. doordash, as shitty as it can be sometimes, is still technically my best way to make money while being able to keep my freedom. + +I currently earn rewards from interest and liquidity pool rewards. I only earn about $8 a day passively and im letting that compound daily. and my doordash money gets put into btc and eth and alts everyday too. + +But basically I'm tired of living in my car, i feel like I don't belong on this earth. But if I get an apartment, I'm going to be net negative and eventually lose everything given enough time. + +I don't have a degree or work experience. What work opportunities are out there that can at least help me pay for a place to sleep? +I observed ETH and BTC moving hand and in hand over the past weeks but today BTC stays high while ETH, ADA and others are on a steady decline. Can anyone with experience comment on this please?! +Things are a mess in general right now. I think everyone here knows that. But I'm a relatively new investor who is mostly in ETFs (main = VTI), and I'm looking for someone with a lot of experience to share their opinion with me. + +I joined at a time where mostly I've lost money even on "safe" stocks and I don't have the years under my belt to shake it off just yet. Also, I don't have the profits to soak up the loses, so it's hitting a little different. If you just joined now but with the knowledge you've learned over the years, would you continue monthly investments into your "safe" ETF stocks or hold back for a while? + +\*To clarify (because at least one person took this post the wrong way): this post is not about "I lost money I can't afford to lose." It is more asking "In your opinion, are ETFs like VTI still a smart investment despite recent volatility, or are we seeing some kind of fundamental change?" +So I am not a coder, dont know any languages, but i have a strong financial background so understand the market well. I tried algo trading with crypto right as the crash was happening (using Gunbot) and while it gave me a good understanding of how it works, I thought there was no way to do that in the stock market without being a big bank....until stumbling upon this sub. + +&#x200B; + +Right now I'm trying my hand with options around earnings, but I may expand out depending on the fruits of this post and subsequent investigation. In my brief scan of this sub I've seen that people advise to learn to code which is counter to what i was looking to find. I was hoping to find an existing bot that has the ability to customize based on TA and strategy like the crypto bots do. If you know of some please point me in that direction so i can do some due diligence. + +&#x200B; + +Aside from built bots, is there somewhere you could point me that would be a quick and efficient way to learn to build my own bot. I say quick because I have a demanding full-time job currently and my free time is spent on trying to perfect my options strategy. Also, where would be the best places to deploy said bots once its obtained through either means. If possible lower fees are better for me because I will not be working with a lot due to life lol, and my natural inclination if for high frequency trading on super short intraday trends so less fees equals better. + +&#x200B; + +Thanks for reading this far and hopefully I learn enough to one day help someone in my position currently + +*Edit: since someone pointed me towards crypto information (which is appreciated), I'm looking to also trade stocks/options on a broker. I'm still avoiding crypto. +Sorry about the incredibly simple question. I started collecting data and backtesting my algorithm. Originally I was looking at the percentage of trades that I win and focusing on finding stock movements to predict a suitable win %. + +&#x200B; + +I'm now thinking that should really be focusing on the average return of the trades. So if my algorithm would make 10 trades that result in returns of 4%, -5%, -1%, 2%, 3%... then the average would be 0.6%. + +&#x200B; + +Is this average return a good indicator of a successful algo in the backtesting phase? + +&#x200B; + +Thanks for helping with what seems to be the most basic question. + +1. Since according to IBKR and their boss, last spike was only due to gamma, means most of them weren’t even covering at the time. +2. Remember that they had to inject 33 MILLION SHARES(MINIMUM) just to keep the price down last Friday, alone that’s 66% SI if you think that they actually covered all that shit last time. (But if you thought that, that begs the question why did the price spike again, and why are they still using every dirty tactic to keep it down below strike prices? I.E. Cramer, short ladders, crying hedgies) +3. Many say that the 50 million volume during the spike was the squeeze but if you believed at least premise 2 which is backed up by data that is being monitored and cannot be avoided by hedgies. Then we had 140% SI at start, got down to 40% SI if they covered at all, and jumped to 106% SI last Friday on their push to <100 +TLDR: Hedgies are fucked even in the worst case scenario we are 106% SI still. We ain’t finished yet boys. They could still play the long game and cover before key strike and sell prices are met though. What does that mean??? They know 800 was an important target for us so they might only cover till it jumps to 700. They know 1000 is where a lot of us may start shaving off so they might cut it at 900. 69420 is a popular price they think people will pull out so they pull out at 60-65. +In conclusion: they may think their pullout game is good enough to avoid getting the ass blast of a century, but if that were true, they wouldn’t have gotten buttfucked to begin with. + +Edit: +Forgot to add 20@ 85. Waiting till 40-70 to reload +For me it was when I learned about bitcoin being a form of property. + +Edit: I should've said: "unconfiscatable property" since this word practically didn't exist until Bitcoin became a thing. +Did Satoshi foresee that the network would start choking under its own volume and that transaction fees and speeds would become such a problem? Did he propose a solution? And (real question) what is really being done to solve this? Are all the eggs in the lightning network basket? The only post from Core I can find is from 2015. Are any of the developers talking about a realistic and prompt solution to solve the scaling problem? Thanks in advance. +I have been more of a slow and steady guy...living in the USA now. +Here is my net worth +2003-$500 +2005 -$2000 +2006 - $12000 +2008 - $20000 +2012 - $120000 +2014 - $400000 +2016 - $1000000 +2018 - $1500000 +2020 (June) - $2700000 +2021 (Jan) - $3800000 + +While I enjoyed my work, I had a management change recently and after that things are quite hectic at work. My spouse and I make >600k each and have two small kids. I used to balance it out earlier but I am not able to do so now. My target goal was to hit 5m and then go back to India to be with our parents. +With the job market not so hot, does it make sense to look for a job now or stick around couple of years, survive, get my RSUs and then head back to India. +My wife and I are looking into moving into a bigger house because our family is growing, we'd like to buy a $1M house. To obtain FI, does it make sense to basically use all of our money to obtain this "forever/dream home"? Or does this set us back a bit since we will have less liquid cash available and less money passively growing in stocks & mutual funds? I'm not sure why I am second guessing this, I guess I find it weird and scary to not have any money sitting around in the stock market anymore, which currently is nice and comforting to have since I know I can withdraw that money if I need it. + +Our details: + +I'm 35yo and she's 33yo. + +We own a $760K house that we've paid off. + +I make $175K/year and max out my 401K. + +She makes $75K/year and maxes out her 401k. + +My current 401K: $120K + +Her current 401K: $30K + +We have around $25K in savings. + +We have $370K split up in stocks and mutual funds. + +Currently after taxes, 401K contribution, and all of our bills being paid, we bring home around $7500\-$8K/month. We use about $5k\-$6K/month on everything else. + +The plan is to sell the current house for $750K\-800K and use $250K from our investments to buy a $1M house. I would then like to use another $50Kish on any needed upgrades on the house. + +Edit: The plan is to not have any mortgage at all with the new home. +My dad passed away and left me his house and approx 300k. + +Approx 100k of that will be spent - renovating the house (not touched in 30 years, needs everything), paying off all debts, new car(10k max), 1 years salary for me so I can study / career change. + +The remaining 200k(ish) I would like to 'invest' towards my future / retirement. I am currently 32 years old and was previously living paycheck to paycheck in an IT Analyst type job. +Any guidance from you guys? + +I do have a call setup tomorrow with a financial advisor, but thought I would see what reddit thinks. + +Edit: Damn this post blew up. Thank you so much to everyone who responded, it's given me a lot to think about and has got me quite excited about learning more and the potential that this has. + +I appreciate everyone who took the time & effort to offer guidance, thank you!! +"But paying with Paypal or CreditCard is feeless in comparison to Crypto" + +No, these large companies take up to 4% of all income, even from small local businesses, as "transaction fee". + + +You do not directly pay these fees, but you can be sure the business is adding these expenses to the price they charge you. + +Why there is no outcry about this silent tax? Most consumers dont even know that they pay these fees indirectly, politicians dont care about it because you should already guess why + + +Cryptocurrencies like XLM offer true nearly $0 transaction costs, for everyone. + + + +The argument that transaction costs would scare people away from some Cryptocurrencies is only true because we dont hide it from them +Hi all, + +I continue to read this subreddit on a very regular basis, thoroughly enjoy doing so. I feel a link to my previous post would make sense, it'll give you a better idea of my situation: https://www.reddit.com/r/UKPersonalFinance/comments/dj8zbt/how_do_you_realistically_save_money_on_a_limited/ + +If you don't wish to read it, I basically suffer from "severe and enduring" mental health problems, Schizoprenia being my main diagnosis. Consequently, my life has been greatly affected - I also live on (very) limited funds after my paying my bills, buying food etc. + +As I live in mental health housing, I thought it would be a good idea to send each of my neighbours a card and buy a small box of chocolates each for the carers, they're very helpful. I also spent about £50 extra on gifts for my mother and grandparents, felt incredibly pressured to do this and all the ladies urged me to buy them something at least. + +I'm deeply upset in that, of the fifteen plus residents here, not one has given me a card (or even a thank you!) in return, the carers haven't given me one either and when my helper today took me to see my family, they more or less took their gifts and said they didn't have anything for me. + +When we returned home, a man who I hadn't seen before said he wanted my old television, he said he saw me getting a new one (it was actually second-hand) and I should give him it for free. Feeling quite annoyed by this, I said absolutely not, he went away complaining. + +At the moment, I feel very down, people just upset me, they seem to be users/selfish. I don't think they realise how difficult it was for me to save, get to the shops and buy gifts for them. I wish you all a very happy Christmas and New Year but, I'll be glad when it's all over. +Bought my latest parcel yesterday, as per my usual schedule. + +Who else here is continuing to buy as normal? It's pretty gory out there but I'm holding fast. +I (37M) am a VP of Technology for a mid-large public tech company, based in the UK. Typical for my position, the lion’s share of my income comes in the form of equity in my company. Like so many in 2022 my company’s stock is in the toilet, but I’m reasonably confident about a bounce back in the mid-term. +I’m only recently in this position, so basically I am a HENRY (high earner not rich yet). +My current yearly TC ranges between $750k (in stock-in-toilet mode), to about $1.3m - maybe $1.5m in a couple years if the market recovers. My job is very demanding and most days I work 12+ hours. +This is not a bad position to be in, but it’s not going to make me rich like some in this sub enjoy. Realistically with this earning and middle class spend, it’s possible to get north of $10m before retirement, but not much further. + +I’ve always been tempted by entrepreneurship, and I have an idea that’s been gnawing away at me for months. I’m tempted to pursue this path, but it would require me stepping back from my current position. + +The problem I face is the risk/reward. I think maybe I’ve left it too late to follow the risky path (I have a large mortgage and a family). Yet I look at some on here with their $20m-$30m exits with envy. I’m not unhappy in my job, but naturally want to maximise my potential while I’m youngish and have energy. + +What would you all do in my position? What gives me the highest chance of a proper FatFire? + +Thanks in advance! +I resigned from my position in early October and was expecting a PTO payout / my final paycheck to come in a week or two afterwards. That final payout never came; instead I kept receiving normal payments (I was salaried). I reached out the the HR department and my previous manager and they promised to take care of it but given that I’ve reached out multiple times, I don’t have confidence that they will handle this soon. I know I will have to give the money back, but wondering what I can do in this case as this is becoming very inconvenient for me to babysit this situation? Also, what are the tax implications of receiving this pay in error? Thanks! +Most of us know about the pros of fourplexes. Is it more worth it to build larger multi unit complexes, or maxing out the residential potential with a fourplex? Can you refi once new construction is rented out? + +My area is becoming very scarce when it comes to properties that you can apply the BRRR method to. Even though I'll be looking into out of state investing, numbers seem to make sense for new construction as well. + +Any insight is greatly appreciated. +I have a 60k HELOC available right now and want to get a guage on some things. Originally, I was going to purchase properties <=20k, rehab upwards of 35k, then refinance (BRRRR). But I also have the option of just putting 20% down on several more expensive properties and moving along with that, this is an option I havent really explored so I'd love to get feedback from the more experienced. + +Here are some pros/cons I can think of each situation. + +BRRRR:Pros- has potential for limitless growth as long as HELOC can be paid off with each refinance. + +BRRRR: Cons- if I end up spending let's say 55k total for porperty+rehab and the appraisal comes back at 60k the LTV is not high enough to where the refinance will fully pay off my HELOC thus haulting future purchases until I pay the remainder off myself: + +20% on Multiple: Pros- Can purchase several properties upfront, even turnkey ones thus allowing me to speed up number of owned properties and increasing cash flow. + +20% on Multiple: Cons- once my HELOC is maxed there is no more buying property until I pay it down. This is my largest concern with this method. + +Thanks. +I have a credit score around 800, more than 20% available to put down, but no other significant assets for collateral. We spend very little of our income (small rural area, everything is cheap). Only income is my spouse just started working as an industrial engineer about 4 months ago making $65,000/yr and started building credit about 2 months ago, so they have no credit score. Apparently they won't have a credit score for about 4 months. I don't have a 2 year work history cause I've just worked temp jobs here and there. + +Even banks working with FHA or USDA wouldn't help us. I know 4 months isn't that long to wait, but it would be nice to get started now. Am I out of options here? All info is much appreciated, thanks. +My assets are heavily weighted in real estate so I'm thinking of selling a house and putting the equity (after taxes and transaction fees) into low cost index funds. + +The math seems to indicate that it's about the same. The property cash flows and in the end I can sell the asset. However, with an index fund, I can withdraw about the same amount of cash from in and the principal will still grow, assuming an 8% return. + +Is there an analysis methodology I should look into for comparing the two investments? + +The hardest part is that I can't accurately predict what stock market returns will be, obviously no one can. I use 8% because it seems reasonable but who knows. I feel a little bit more confident about what the appreciation on the house because of where it's located. + +Any advice or suggestions? +Edit: So to give you all more details, I was working as an optician for this particular Dr's. Optometry practice. She did not have me sign any paperwork when I started. I recently quit to go to a better job opportunity for myself. Unfortunately, I didn't give her a two week notice because my new boss wanted me to start asap. I felt bad for the circumstances, but I did what I felt was best for me. I don't owe her any property back or anything like that. I just want to be able to go in on a Monday when I have the day off to get my check, but she is making it difficult for me by saying I can only go get it when she is there and when I sign a paper in her presence only. Financially, I cannot be leaving work early to go do this. So it's just frustrating that she can't just compromise a bit with me. It feels like she is just upset still. +TLDR - Even if the war in Ukraine ends tomorrow, we're still going to see permanent east-west trade disruption. Over half the major global indices are in bear market territory and it can only get worse in the next 12 months. Convince me I'm wrong! + +Over half of all major market indices are in bear market territory (including France, Germany, Netherlands, Sweden, HK, US Small cap, Korea). A list of others are very close, including Nasdaq and nikkei, both 18% DD. The only markets that are doing ok are those that have big energy/raw materials weightings. This is of course driven by the war in Ukraine, although, slowing growth and rising inflation did the early damage. + +I don't see a route out of this that doesn't see a permanent restriction in East West trade. As Russia and Ukraine control a significant percentage of gas, oil, wheat, metals exports then this can ony drive inflation higher still. Central Banks will either have the choice of: + +- letting inflation rip and become embedded over many years. Result is staglation + +- raise rates to somewhat counter inflation. However the removal of disposable income (due to inflation and increased debt costs) results in a recession. + +Both options I think are severely underpriced/ unrecognised. The market prices are already off, but I think we are likely to see 30-40% drawdowns (from peak) in many markets. + +What do you think? I'm writing because I'm interested in other's views +I'm still a student, with just under 2 months from graduation. I had been planning to move out in September when I start Graduate school (as I'll have a source of income from TA-ing, etc.), but a recent dispute escalated and I am forced to cut ties with my parents and move out early. + + +That being said, I have already found housing accommodations for 500$ a month, and there rests around 5000$ in my bank account from my student loans. I am currently looking for a job but I am also looking for ways to make that 5000$ worth its while. I'm just a bit overwhelmed as I don't really know where to start, nor the precautions needed to go independent. Any kind of advice will help. +Today, I woke up and my car was gone from my apartment complex parking lot. There's no cameras indicating who stole the car. In there, I had TWO CAR SEATS. One for an infant and another for a child. I also had a double stroller in there. (these were all gifted to us). + +Someone stole my car that has part of the side ripped off. No gas in the car, no A/C for our 100+ degree weather. The check engine light is on. And the tires either need to be replaced or pumped more of air only to lose more. This car has over 200k miles on it. And it's from 2010. + +This a**hole decided to steal from my family. We are a poverty stricken family (despite me having a bachelor's degree) with all four of us in a one bedroom apartment living in 735 Sq ft. We have been on food stamps and WIC while I was working. Then I lost my job back in March (wasn't able to receive unemployment due to not working in the state/job for very long), and now receive Welfare or TANF. I was also very pregnant and still looked for other jobs while waiting to give birth to my little one. + +Lo and behold, no one hired me. And now it's been 6 weeks after little one was born and I have a second interview with a great company next week to hopefully get my family out of our situation. + +My husband also has been looking for jobs, and no one has even taken the time to interview him. So he's been doing odd jobs to keep us afloat. We don't even know how we are going to pay for rent for July as we've already used rental assistance from a church in June. + +To the asshole who stole our car, I hope you get what you deserve. I'm tired of poverty. This criminal peice of shit human stole from a family that's not making it in our current state. F*ck you. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +It's said to be "Fearful when others are greedy and greedy when others are fearful". This is the prime time now to be loading up on as much crypto as you can because when the bull run starts (and it eventually will), then you'd have gotten in near bottom. + +When most people FOMO in back long after the bullrun starts, you'd already have crazy gains. Put some trust in crypto a little more and believe you and it will succeed and it will take you to heights unimaginable. + +I want to remind you of the start of the biggest bitcoin drop in Nov 30 2013. There was 411 days of "correction". The price fell from $1163 to $152. That's a 86% drop in price. Bitcoin would have to reach over 660% to get back to where it was. And is eventually it did. Now I ask you who made the most money? They people who sold all their coins at the ATH of $1163? Or the people who bought all the way down to $152 and held all their coins until they reached their goal? + +I want to ask you why you got into crypto. It's fine if it's just for the money over the technology. A lot of people buy stocks not because they want to see the company succeed, but they want to see their bank accounts succeed. What is your target goal (it's fine not to say it here), and how will you change your life, and the life of others after reaching your goal? + +I believe brother, and I hope you do to. Let's keep our iron hands together and laugh about this day years later when we are finally free. + +I'll make it brother. Will you? +Good luck dealing with our irrational ape asses! Any rules you had for how to deal with retail are OUT THE FUCKING WINDOW. How do I know this? Because of the trade I just placed. I know its currently trading in the low 160's I can see it through the magic window in front of me. However I just placed a buy for one share with a $193.05 limit? Why? Because if it goes through at that price, it brings my average share cost up to $169.69. If it doesn't, I'll keep fucking trying. + + +I love being the dumb money. 🦍 + 🖍 = 10D's + +Edit: I just found out that that’s not how limits work. I just DCA’d down by accident. Stonks are wild, y’all. +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 “I hope Congress does this blah blah blah and they are finally gonna do something blah blah blah.” 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 SHF’s are banking on. + +I have no faith in Congress and have not had any faith in them for a very very long time. Don’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 “free market”. + +I know some don’t like to read so here’s the point- 💎Ryan Cohen💎. 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 he’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 “We” I have used in this post, is talking about the royal “We”, as in individual share holders that love GameStop as a company. 💎👐💎🦍🚀 +China confirmed reports that it was pulling out of U.S. agriculture as a weapon in the ongoing trade war. + +China is one of the largest buyer of U.S. agriculture. Bloomberg News reported that Beijing may stop importing them completely in response to new tariffs by the United States. According to reports by Chinese State media, it may also slap tariffs on U.S. agricultural products that it already bought. + +https://www.cnbc.com/2019/08/05/china-confirms-it-is-suspending-agricultural-product-purchases-in-response-to-trumps-new-tariffs.html +I’m very confused, I was under the impression that AAPL would be boosted by the event, not the other way around. My portfolio was slaughtered, dropped by 20% at close, is this going to continue? Or is it just a healthy pullback? +As obvious as this sounds to most of you that have been around the BTC space, there are many new people that are completely unaware. I just had someone ask me what GPU setup they should make, and after i explained that wasn't a good choice they asked what was the best option at BFL. + +So if you're unaware the answer is nothing - that's the best option you have for Butterflylabs. Ask the people that have been around the space for awhile, and they tell you. + +I am not a market expert but I have been observing red flags piling up recently and it’s wise to pay close attention to them as they point to a near market correction including: + +**Low market breadth and divergence:** there are fewer stocks rising versus ones declining, and a larger number of stocks are hitting the 52 week low than the ones hitting the 52 week high. + +**Overbought stocks:** such as AAPL, AMZN, MSFT, NVDA, and ARKK all have recently breached the 70 RSI overbought marker and are now dropping fast. This ties in well with the poor market breadth as allot of the money existing other stocks as they sell off is just pilling in few top stocks in an unstained way, hence the overbought flag. + +**Reduced volumes:** signal weakness in the market and provoke profit taking. For example the Russell 2000 average volume has dropped to just under 3 billion per day from a three months average of 3.7 billion. Incidentally this index tracks 2,000 small cap US companies which have been dropping for most of the last 3 weeks for a total decline of 7.3% thus far. + +**Major trend line broken:** for the second time in less than one month the S&P 500 has dipped under its major trend line. The first time on May 18th, it reversed and went back up on the back of decent labor and production reports plus earnings expectations. Now that earnings are underway and most economic indicators are pointing to growth peaking it might not be able to reverse the drop. + +Obviously all of the above are technical indicators that try to explain market behavior based on historical metrics, but they don’t explain the reasons behind such changes. We have to look at economic news to identify causes including: + +**Peaking economic recovery:** several reports this month point to an economy that has reached peak recovery. For example, both the services PMI 64.6 vs 65.2 vs 64.8 (actual, forecast, previous) and ISM 60.1% vs 63.3% vs 64.0% reports for June show a declining rate of expansion. Also, industrial production is showing similar pattern 0.4% vs 0.6% vs 0.7%. + +**Mixed Q2 banking results:** also point to the same issue above. While the overall figures are up, the details point to absence of loan growth and net interest margin weakness. + +**Declining consumer sentiment:** while consumer spending came in higher than expected for the month of June consumer sentiment declined from 85.5 to 80.8. The main driver behind this is inflation. + +**Inflation rising:** the FED has been harping on inflation being transitory because of the “base effect” and some temporary supply constraints. Their timeline for all of that to sort out was few months. Now it’s more than few months and inflation continues to rage registering the highest figures in over a decade with Core CPI (the Fed’s favorite metric) registering 0.9%, the highest increase since 2008. + +Furthermore, the PPI (producer price index) also continues to rise at a rate of 1% in June indicating that consumers are still going to see higher prices in the coming months and that overall inflation will overshoot the FED’s 2% threshold by a wide margin. + +**Reemergence of a new variant:** the delta variant is causing allot of lock downs and interruption throughout the world. While its effect in the US might be limited, a slowing world economy does not bode well for stocks in general, hence perhaps the reason why bonds have gone up. + +**Bond yields going down:** usually indicates that an economy is slowing and investors are looking for safer assists. Many have pointed out that bond yields usually peak 3 months in advance of the stock which they did in March. Since we are in July and bond yield continue to decline many think the bond market is sniffing out something and reacting to it. Remember, the inverse relation between bonds and yields. + +**China’s Crack on tech:** has rattled some investors especially that it came at a time when that market was showing sign of bottoming out. + +All of those events point to a possible correction sometime in the near future. Most experts expect that sometime after Q2 earnings, but it could be starting as we speak, especially that corrections don’t play out in one straight line. They tend to move in a series of several lower lows and lower highs until bottoming out. + +It’s important to also point out that a correction is not a market crash. Corrections are a much smaller event, ranging around a -10% drop on the low end for the leading S&P 500 index and much more for individual speculative stocks. They are a healthy event that helps reinvigorate the market with new buyers. + +A crash on the other hand is a much larger event that’s usually provoked by a combination of events or a single major event. Crashes usually last much longer than people expect, well past the initial large drop. + +There are several catalysts for such an event such as the emergence of a virus variant that outsmarts vaccines or a collapse in the reverse repo facility. The most prominent of them however, is QE tapering (quantitative easing) and increase in interest rates. + +Massive QE and low interest rates have been the driving force behind this bull market. They are the justification given for the current astronomical valuation where the S&P500 Shiller P/E ratio is reaching a whopping 38%! That is a historic high only second to the Dotcom bubble in 2000 (44%) and is in general an unsustainable level in the long term. + +Some argue that the FED will manage to taper QE and increase interest rates gradually in a very controlled manner and avoid any meltdown, but given rising inflation beyond expectations, the FED might very well be forced to act much sooner than it would like. Equities and bonds expert Ray Dalio explains this process in his most recent video on YouTube. + + +I know this is long but I think it is worth the listen. + +I'm tired of this man manipulating the stock and art markets I operate in. + +PDF File: + +[https://github.com/Matador3364/Matador3364](https://github.com/Matador3364/Matador3364) + +Audio Translation: + +[https://youtu.be/zDQiZVLSFJU](https://youtu.be/zDQiZVLSFJU) + +[https://soundcloud.com/matador33](https://soundcloud.com/matador33) + +**** My only goal for this project is to facilitate internal dialogue and outward discussions from the audience about my art. + +Edit: TLDR: After re-evaluating what I have written, I have decided to make my statement in this letter very clear so that it can't be misconstrued. Either Ken Griffin gets arrested, GME Squeezes, (preferably both), or I renounce all legal rights of authority of the U.S. Governments over me. That is it. I have reached out to my representatives, I have done my research. No one is listening to me. I can do this, because it is my game. And it's time for their game to stop. + +This in no way can be misconstrued as an act of violence, or a call to action. This is one artist defending his own individual Cultural, Socio-Economic, and unalienable rights. + +This is not a Political issue. At all. + +It is not about Race. + +It is not about Gender. + +It is about Cultural and Socio-Economic issues that affect me as an artist, an entrepreneur, and as a human. That is it. + +If there is to be a National discussion on it, it happens in the courts. + +Edit: By the way, I do have receipts: + +(The address on this receipt is a public company, with it's address posted on many websites. It is not a doxxing attempt, and can not be viewed as one) + +https://preview.redd.it/krpienzw61y71.png?width=1440&format=png&auto=webp&s=5bddcb293e1274c714ca52b7251e58f2101567bb + +TLDR Part 2: Either Ken Griffin gets margin called for his unbacked collateral, or I own an NFT worth $147 Trillion. It is sound logic. It is well researched. I will fight this in court. Not as a lawyer to defend the law, because I am not one. But as an artist to create new laws. + +I will never run for political office. + +I just want a life where it isn't stressful to just exist. I'm tired of their division causing arguments while hanging around bonfires with friends. This needs to end. + +I'm fucking over it. + +I'm ready to moon. + +***** + +This is strictly a solo project. + +As my original art project, I strictly own the proprietary rights to actions taken within this project. No one else is allowed to replicate, or steal the idea, of this project. + +The NFT that represents this solo project is worth $147 Trillion, and I did the auditing and appraisal to prove it. + +And I want to use that NFT to eliminate world hunger. + +Elon Musk just asked for someone to prove how it could be done. That is what this letter to Kenneth Griffin does. + +And for those who still don't understand. Message me. I do not give a fuck about giving out financial advice right now. This whole country needs it. + +I can say and do anything I want right now, because I am acting under a form of art, which is undeniably protected by The First Constitutionally Amended Right. + +Power to the Players. Power to the Creators. + +DRS your shares. Create NFTS. + +You are all Artist. + +Diamond Mother Fucking Hands. + +All +People +Equal + +Cash Is King + +But Art Is God + +And the human species needs to evolve. + +Edit: The Hypothetical has the key. + +Edit: If you would like a lesson on how paid-for bots and online user names can be used to suppress online information, I suggest reading this Reddit thread's comments. Ken, I am playing a game. I baited you. You are losing. + +https://www.reddit.com/r/Superstonk/comments/qooohr/in_case_you_missed_it_i_have_publically_declared/?utm_medium=android_app&utm_source=share + +Anyone, and everyone, is allowed to share this art. + +***************TO CLEAR THINGS UP: + +This is an investigative journalist report, that I intend to turn into a full book, that also coincides with the implementation and creation of multiple ARGs and Performance Arts, all backed by multiple NFTs. + +Every single layer to this is Art. + +This is my YOLO play. + +This is no different than Hunter S. Thompson. + +This is no different than Joaquin Phoenix in I'm Still Here. + +I just have more layers of protection, because I have multiple layers of art. + +I refuse to accept a single penny of profit from this. + +****To make it overly clear: + +I am declaring my life an art project. Anything I do is a part of that art project, so I am protected under my First Amendment Right. This is unarguable. + +I also own the proprietary rights on this art project. Which means no one else can make the claims I am. This is to protect from future people trying to do the same as me. This is dangerous territory I am adventuring into. I do not want people to follow me. + +I just want people to watch me as I perform. + +If they don't want to, they don't have to. But if they do, and they like it, they have my full permission to share. +I seem to recall doom and gloom headlines 12-24 months ago stating the world was going to end because of the volume of interest only mortgages about to expire and switch to principal and interest. + +What has happened since? It doesn't look like anything negative has transpired. + +Would like to hear the r/AusFinance community's thoughts. +I fucked up this fortnight’s budget and can’t make my mortgage payment which will attempt to automatically direct debit this evening. There isn’t enough money in the account. + +I’ve never missed a payment for anything in my life so I have no clue what the process is here. + +I’m expecting some holidays paid out (new job) on Tuesday but also my next payslip in 3 weeks can cover this missed payment plus the next one and all my other bills. In short I have the money coming and assuming I can pay later, I won’t fall behind. + +Two options I’m considering: + +1. Borrow money off family +I will make my payment and everything should be fine. Only downside is the inconvenience to myself and family needing to facilitate this. And also need to figure out an instant way to move about $2k of cash into my account as some methods have a multiple business day waiting period. Withdraw cash from atm and deposit cash into atm? + +2. Call bank and arrange to pay it later. +Very convenient, however I’m unaware of the consequences. Basically my credit score / serviceability. Can doing this harm my credit score and loan serviceability? Is it possible that my credit score remains fine but my serviceability for my current bank is impacted due to internal policy about customers deferring payments? + +To summarise: +What are the negative consequences of deferring my mortgage payment? + +Edit 1: + +I just want to say I appreciate everyone’s comments here, even those expressing concern to whether or not I can afford the property. I know it can be difficult thing for people to hear but sometime the truth can be hard to swallow. + +That being said, I do believe I can afford the mortgage. + +To address some comments: + +Perhaps missing a payment is indicative that I can’t afford the home, however I believe I can afford at it. + +My repayments are 1700 a month. Rates are 1600 every 6 months, and insurance is 120 a month. So about $506 a week using exact figures from my budget. Cheapest rentals to support 2 adults and 3 kids are around 350-400 a week in my area. I admit I’m not factoring in unexpected repair costs but it is a brand new home so a lot is under warranty and these issues popping up in the short term are unlikely. + +Also, im working and my partner is not (convenient this way with the kids), so our contingency plan to deal with an unsustainable budget (maybe rates go up a heap) is to have her work which adds a lot of cashflow. However currently without her working, our budget allows for excess of $560 a week on top of all regular expenses. + +Also a good argument can be made that I should have an emergency fund and not be living paycheck to paycheck. My answer to this is that it’s temporary. Our new house took 2 years to build instead of 5 months as was promised so we have been paying rent plus mortgage plus storage fees and extra fuel so it’s chipped away at our emergency fund over time. + +With our situation stabilised I believe we can afford the house, and if not, my partner can go back to work. + +Edit 2: + +I have called my bank and deferred the payment until Thursday, and I expect to be payed Monday. + +This results in no impact on my credit score, but will show internally that my account is in arrears. The banks says this shouldn’t impact my eligibility for any product in future as it is only 5 days and they have noted the reasoning. Assuming that I make the payment all should be well. + [https://i.imgur.com/eElhmNU.jpg](https://i.imgur.com/eElhmNU.jpg) + +\-Red line is [Civilian Unemployment Rate](https://fred.stlouisfed.org/series/UNRATE) (UNRATE) + +\-Blue line is [SPDR S&P 500 ETF Trust](https://us.spdrs.com/en/etf/spdr-sp-500-etf-trust-SPY) (SPY) + + +This was generated by merging two charts together to see their interlaced behavior. X-axis is exactly the same for both (time) and Y-axis is labeled on the far left for each. UNRATE first column, SPY second column (both using log scale). +Hello, + +I'm looking for stock or ETFS suggestions to do Cash-Secured Puts/Wheel on. + +I only have a very small account, **$2-2.4k** max. + +I've looked for stocks that I can start the CSP part of the wheel and the ones I found or interested in are: + +**QYLD** - only monthly and options are monthly, premiums are only close to ATM. (small premiums too, but I cant be too greedy with very small capital) + +**T** - However, I already own about 100-something of T in my Roth IRA. Plus it moves sideways a lot. + +**F** - not a "fan" of the stock or the company, so I wouldn't like if it I get assigned + +**PLTR** - already running a PMCC on this, and learning the hard way that >100% ImpVol is BAD for PMCC lol (Stock went from 15 to 10 back to 11 in like 2 weeks w/ Russia-Ukraine news) + +Should I even be doing CSP/Wheel with this low of capital? or should I do something else like credit/debit spreads until I grow my cash/capital? + +Thanks in advance! +Been printing money off tsla, gme and amc cc’s and puts. Mostly just far enough otm to not catch or have to sell shares. Tsla is still having high premiums but the 100 shares and or put margin is high. I have Tsla shares I have owned for awhile so that’s not a big issue. AMC and gme premiums are 50% less than 2-3 weeks ago and 60+% cheaper than a month-6 weeks ago. Moxc has crazy premiums right now but they have ran a lot and I am probably going to cash out with some nice profits on them +next week. What are some stocks your getting good premium out of on CC’s and or shares you don’t mind owning selling lower otm puts on. The risk/reward on gme and amc seems to be drying up. Atos, clov, bb, wish, mmat seem stuck in the mud and the plays don’t seem as enticing as weeks or months ago. What’s some hidden gems you guys are playing. +Ayyyyyyeeeee! Sold my first covered call today, gang! + +Positions: + +AMC 198 shares @4.03 and a 10cc 2/5 bought for $0.10. + +So ... assuming this does not hit $10 tomorrow (which I would love, but is highly unlikely) i will collect the full premium of $10. Now im not good at maths so please correct me if I mess up. Total cost of the shares minus the premium, and then Divide by # shares. This gives me my new average cost per share, right? + +($799.80 - $10) ÷ 198 = $3.98 per share. So by using this theta strategy I reduced my average per share by 1.2% in under 2 days. Am I off? + +In theory, how far could this keep going? All the way down to $0.00 per share? Below? If it goes below, am I essentially playing with house money? This is where my idiocy kicks in and I stop understanding what is happening. + +Anyway, I know the actual gains are absolute peanuts that are hardly worth posting about. Still, I'm happy being on the winning side of an options trade. Especially because the trade was thought out instead of just throwing money away on spy puts again... and again... and again. + +Friendship with 0dte deep OTM options ended. Prudent covered calls are my new best friend. +Can someone confirm if I am correct in this? This is a hypothetical situation and I haven't done this, but I would like to make sure that my calculations are correct here, because I never really understood why someone would write deep itm calls or puts (out of risk of shares being exercised at a lower price or shares being assigned at a higher price), but after reading up a bit I think I understand why and just want to confirm. + +TSLA 4/8 exp 850c + +$207.00 in premium + +TSLA current price - $1054 + +If I did a buy write and sold a 850C - + +Pay $105,400 for the equity + +Collect $20,700 in premium + +Actual Cost: $84,700 + +Shares are exercised at $850 and I keep the $300? + +Am I missing something here as the potential loss, besides TSLA have a +50 to the upside kind of day and I just lost out on the $5k on that move? + +I'm only using TSLA as an example, because of the high share value and the high premiums. +Edit: thanks for the award. + +Hey mods, this does connect to GME. + +China tells state banks to prepare for a massive dollar dump and yuan buying spree as Beijing's prior interventions have failed to stem its currency's worst year since 1994 + +[https://finance.yahoo.com/news/china-tells-state-banks-prepare-141448869.html](https://finance.yahoo.com/news/china-tells-state-banks-prepare-141448869.html) + +Buy. Hold. DRS. Buy. Hodl. DRS. Buy. Hold. DRS. Buy. Hodl. DRS. Bye brokers; DRS. +I gave a two week notice before leaving my old job. Went through the exit interview, discussed last check and payout of vacation time. I get paid every two weeks. +I start my new job. Two weeks go by, I get paid from my new job and get my what I thought was my last check from the old one. 2 weeks later I get paid again for an 80 hr work week from my old job. I immediately contact HR to let them know, they call corporate and confirm a clerical error and tell me to just write them a check for how much they deposited in my bank. +My thought is, " I'm getting taxed on this as income" my question is... is writing a check the right way to handle this? +I recently learned that you can always contact a business your frequently buy from to give them a compliment and whatnot. + +I’ve recently discovered an amazing fruit juice I had to stock up on. Unfortunately is can be a lil pricey. So I reached out to the company and complimented their business and inquired about them selling in bulk so I can budget better for this item. + + +They ended up emailing me back….no plans for selling in bulk BUT the company sent me TONS of coupons. + + +I think this product is the only one I splurge on. Other than that I’m strict budget and only buy food on sale in ads. + +The coupons have helped curb that unnecessary expense of something I really enjoy without breaking my bank. + +It’s always worth a try. +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 company’s largest shareholders, but will not have a say in how the company is managed going forward. Sources tell FreightWaves that the decision was Milton’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 world’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 it’s revenue to date came from selling solar panel installation services to Milton. +Keep in mind I'm not very good understanding finances, especially credit cards. + +I have a £2.5k limit on my credit card, *with automatic payment of full statement every month*. However I still find myself needing to manually pay it off every couple of months or so, either due to higher than usual spending or because I'm about to pay for something big (such as plane tickets or car rental deposit). + +Is it normal to be doing this with this frequency? Or should I be doing this differently? + +Eleven years ago, I bought a very inexpensive house ($40k) in a crappy neighborhood. The plan was to live there through three years of law school and then move somewhere nicer when I automagically started earning six figures the day I passed the bar. I maxed out student loans on similar logic, graduating with $165k of them (now more). I graduated into a crap job market in 2013 and made $45k my first two years as an attorney. I then suffered an exacerbation of my chronic mental illness and became unemployable. Struggling to make it as a self-employed solo attorney, I racked up credit card debt, a home equity loan, and $65k in credit card debt, while also falling behind on taxes. My total debt load is now about $350,000, with assets being a house worth $80k, a car worth maybe $20k, and a law practice with two employees who keep me from committing malpractice due to my mental illness. + +Things are actually looking up, though. I got my salary up to $75k, I got the VA to rate me at 90% which is almost $2k a month, and I’ve started driving Uber on weekends bringing in often an extra $500 or more per week. I did a credit counseling plan on the cards and now have them all below 6%. I’m paying almost $2000 a month extra toward my debts and I’m on track to have all but the student loans paid off within three or four years. + +But meanwhile, I’m miserable. I’m 40 years old and can’t really date. My house is a shithole, and I can’t move because my DTI is too high to afford anything better. I’ve had to reduce my recreational activities to some kayaking every other weekend and right now I feel literally trapped in my little house with my asshole neighbors blasting their subwoofers at all waking hours (and then some) and honking car horns all through the night. + +I can’t even take on roommates right now (which might give me enough breathing room to rent a weekend escape place) because of overdue home renovations. My life is basically all work except an hour a day at the dog park where I still feel overwhelmed by all the noisy people. + +Last year at this time I just packed up and took a cross-country road trip, but now that I’m driving Uber I feel I can’t afford the unpaid time off. (I could still do my legal job 100% remotely; last year’s trip ended up actually being my most productive month of the year.) + +So anyway… what can I do to stay sane through the next 3-4 years of intense focus on work to get unburied? What can I do for my mental health with limited time and without spending much? + +I am not asking for any advice on debt reduction strategies or the like. It’s under control with a *very* detailed plan and a spreadsheet that tracks every transaction in my financial life from now until retirement. I don’t need to be told to sell off the last few dollars of post-Konmari possessions I still have to make one extra payment on one loan. I already know to refinance the HELOC but paradoxically, my DTI with the tax debt is too high to even do that right now. Bankruptcy is not an option because apparently I make too much for chapter 7 and don’t owe quite enough relative to my income for chapter 13 to help. + +I just need to know how to stay sane. + +Ideas? + +Edit: Wow, this blew up. This has never happened to me before on Reddit, but there’s actually too much here for me to read. I have to put the phone down and get back to work now. Thanks! +There's plenty of Twitters to follow that focus on big cap coins. + +But are there any key people to follow who keep ahead and do research on small market coins market activity? + +Trying to lambo moon this weekend +I'm relatively new to the crypto world. Got into ETH at the beginning of may and have diversified since. I've hit up most of the subreddits looking for answers but there's no easy definitive answer... why is the entire crypto world slipping? I have faith and am hodling through because I believe in the tech but I just don't get it. Any easy answer besides a "due correction"? +As [u/Simulation\_Glitch](https://www.reddit.com/user/Simulation_Glitch/) pointed out today the mods of all the big subs have been playing the boss for too long, I have been trying my best to support C"mRocket the crypto where i have my biggest stack in, but literally writing the name or the ticker in the title or body of any thread in these bigger subs gets my post auto-deleted without any explanation and often results into a ban if there are alot of attempts. + +Ive tried everything as you can see in the screenshot below and its clear that the there is a targeted aggression towards CR, if these mods are censoring and blocking out all the CR posts how can we trust them for not doing the same with other newer coins which actual use-case? + + [https://imgur.com/a/GpQ30HD](https://imgur.com/a/GpQ30HD) +Hey everyone, + +Mark here! + +Let me set the mood and provide some detail so we can jump right into intellectual conversation and grow from each other's values and opinions. + +New to Cryptocurrency trading **yay!** +Not new to Reddit. *absolutely love this site* + +I have an intermediate knowledge of Bitcoin and its' origin, along with am currently caught up to speed with all the recent events that have happened/occurring/coming up. + +I know about China's recent bailout and the people of it's country having to sell all their assets they posses in the market by Nov. 30th 2017 or forfeit them, along with current skyrocketing trend of Bitcoin again before the split coming up. +http://bashco.github.io/2x_Countdown/ + +I am familiarized with most of the stuff involved within the directory. +http://bitcoin.directory/ +https://getcrypto.info/ + +I know most the terminology and what they are: blockchains, alt coins, soft/hard fork, ICOs/Tokens. +https://www.icoalert.com/ +https://tokenmarket.net/ico-calendar + +I am also familiar with the Cryptocurrency Market Capitalizations +https://coinmarketcap.com/ + +and the US Based Digital Asset Exchange +https://www.gdax.com/ + +I currently use Electrum Bitcoin Wallet for the Desktop and Coinbase for both Desktop and Mobile Android app. (Unlocked Samsung Galaxy S8+) + +Reason being, I am waiting on this to come in the mail. +https://www.ledgerwallet.com/products/ledger-nano-s + +I am also familiar modestly with investment and business terminology as well (along with Bitcoin jargon too) **#HODLFTW** + +This includes volatility in the market, knowing what drives the market in essence of if it helps with something needed that can revolutionize or help current conditions/standings or resources blah blah blah, knowing not to try and time the market but rather know the timing of when to be in the market, bearish/bullish terms, and then a slight understanding of trends with peaks and plummets on analytical graphs [basically reading spreads] and reading into understand what the driving forces or factors causing them are. I know a lot of Altcoins and ICOS/Tokens are scams or busts, and that the market itself in general right now is hard to predict or form a strategy off of because it fluctuates so much and is hard to gather true facts or data from what I have read up on. **whether the last sentence is true or not I am not sure of myself truthfully, second hand resource.** + +I am on the following few subreddits daily trying to filter through the garbage and gather any intellectual insight or exceptional opinions backed by sources or logical reasoning, +https://www.reddit.com/r/CryptoMarkets/ +https://www.reddit.com/r/CryptoCurrency/ +https://www.reddit.com/r/CryptoTrade/ + + + +Now with all of that being said, I have $3,000.00 USD to put into the market today and can invest daily moving forward as well if I wish or desire to when I see dips or good quick sells. Money definitely does not grow on trees, but it is also far from a concern for me. + +I'm not familiar at all really with transaction fees or how/where I should be buying coins from, then transferring to, or where I should be storing, where/how I can buy Altcoin if I want, and all of that management/organizational jazz. **I am always a student and willing to learn if you have wisdom or can help me with this, oh teachers. *humble bow*** + + +**Summary comes to Resolution and Question:** + +I would appreciate only intellectual and positive contribution, feedback, and responses please. + +Do you think I should just put all **$3k USD** into *BTC* right now and just hodl it until after the fork and sell off the 2x free coin for Altcoins and ICOs as they will be pumped in the cycle once BTC is finished being pumped? + +Do you think I should reasonably expect or see a dip from the current upwards trend with BTC right now and then just throw it all down then before the fork when that happens? + +Should I play around with other tokens in the market and bank some high ROI waiting for the dip before the fork (if even a dip) and then swap for BTC and hodl? + + +I am looking to learn as well as to contribute what knowledge I have researched and I am wanting to make smart strategic moves naturally. + +Really hoping to find some people with years of experience in this field along with help I need to begin this adventure of what I know will only be a **success.** + + +Nice to meet you all upfront! =) +[menapay.io](https://www.menapay.io) + +Alternative payments refer to payment methods that are used as an alternative to traditional payments. Most alternative payment methods discuss the domestic economy or have been developed specifically for electronic commerce and payment systems are generally supported and operated by local banks. Each alternative payment method has a unique application and process settlement, language and currency support and subject to domestic rules and regulations. + +A debit card also known as a bank card or check card is a plastic card that provides a traditional alternative payment method for cash when making a purchase. A charge card is a plastic card that provides an alternative to cash when making purchases where the issuer and card holder enter into an agreement that the debt incurred in the billing account will be paid in full and on the due date. + +MenaPay is the first block-based payment gateway that is fully supported in the Middle East and Africa. EdenPay replaces traditional payment methods with cryptocurrency fully supported by blockchain. Mission MenaPay is building web-based websites and applications that will allow integration of crypto payment solutions to various websites and supports Arabic on the dashboard. + +New payments like Bitcoin and other cryptocurrency solutions have disappointed us because they are expensive and involve large and improper transaction costs for your daily payment needs such as buying groceries, paying for taxis and other services available for each day. EdenPay aims to change the status quo by bringing 100% non-bank Islamic digital solutions, use blockchain to create a single currency for use in daily and cross-border transactions. + +Menapay create new standards in the crypto industry for participatory returns, beyond regular incentives for users and investors. +I am struggling with the repayments for my mortgage. The monthly repayments are just over £1750 but the take home pay is around £3000. After paying the mortgage off there is almost nothing left at the end of the month +What options do we have? If we sold it we’d take a £20k hit on estate agent fees and early repayment charges. Also with stamp duty coming back we will sell for lesss than we purchased. My wife thinks we should carry on as most people don’t have much in savings. + +Edit: thanks to so many who have provided advice and suggestions. I am really thankful. Sorry that my post wasn’t clear. I took out a £380k fixed for 5 years at 2.6%. I have just over 4 years to run on the fixed term. Our financial situation was better when we took out the mortgage but I also didn’t realise how expensive it was to run a house. Yes there are so areas we could definitely cut back on mainly on small impulse purchases for the kids that add up. On reflection I think it’s better to carry on and see what we can do to increase our income either through work or renting out a room. +I just finished reading Crash of The Titans by Greg Farrell which brings the reader through BOFA's acquisition of Merrill Lynch. I specifically enjoyed how it wasn't totally pop-finance like Michael Lewis but it still was an enjoyable narrative / not too dense. + +Does anyone have any recommendations for any similar books? + + +I know this might seem like a rather basic question but after a company has done its IPO and received cash from the initial offering, why would it be so enamored about its current share price? + +I understand it might want to release more shares to the public later but this doesn't happen too often I presume because of the dilution effect. + +What I am asking is how would say a 10% price drop affect its actual operations. I presume it could reduce the value of employee stock options and thereby perhaps lead to lower employee morale, but I am having a hard time understanding on a very basic level, why companies are always so apprehensive about their stock price + +Edit: I also guess it could lead to accounting revisions like say reducing SEquity thereby increasing the leverage ratios in an unfavorable way. Is that it? +&#x200B; + +STATERA (STA) + +At present the focus of discussion in telegram and elsewhere is the token price. This project launched out of obscurity just over a week ago and has already made those lucky enough to get in early a lot of money. There was no ICO and consequently no hype at all for Statera so getting in at the ground floor was more a matter of luck than judgement, although the conspicuously loud buzz on Biz/4chan was a major clue. + +With information about the project now emerging on various platforms, the stage is now set for the most discerning investors to evaluate the potential rewards and potentially take this higher. Will the token retrace from here? quite possibly yes. Nobody really knows though, because while the gains have been parabolic, Statera is the first of its kind. + +Within a day or two, while the token price has increased 20x or more, the balancer pool, ie the fund itself has tripled. Some of this has been people adding to the pool in order to gain a high percentage of an expanding fund, the rest has been organic growth through ever increasing volume of trade. At some point in the the next days and weeks if price action continues north and the pool keeps steadily accelerating in size, there might be a perception shift. People could begin to ask themselves whether this fund, currently sitting at 150k in value might really be the embryo of something far larger. + +While experience in the crypto space might have instilled pessimism, even cynicism towards the idea of project durability, even a basic comprehension of the mechanics of this project just might make people think twice this time. + +There are always other factors at play not least trust - trust in the team, trust in the code, trust in the other applications that it utilizes. Theoretically however, it is hard to argue with this value proposition. + +Brand new technologies often create opportunity which couldn't be imagined before, creating a leverage effect for early adopters. Already widely used technologies now have a range of new uses upon it's invention. + +Deflationary tokenomics are a relatively recent phenomenon in cryptocurrency and have already produced some fascinating experiments, although nothing so far has been of any real consequence. While the idea of ever decreasing scarcity is a neat trick for maintaining value, it is ultimately the utility of the token and the allure of its network which renders the token truly valuable, or otherwise. + + By purchasing such a token and holding it long term, you are still unavoidably placing a bet on its future utility, because scarcity alone only makes something more valuable if it has any agreed upon value in the first place. + +Statera is a deflationary token which has undeniable utility right out the gate because it is the instrument that ''fixes'' value in a perpetual harvest. The invention of the balancer pool in conjunction with a previously niche blockchain invention (deflationary tokens) has created something which seems likely to expand the reach of both of these creations. + +DYOR and decide for yourself. + +Disclaimer - This might be a theoretical free lunch. Free lunches in the real world are still liable to be stolen or spoiled by circumstances beyond of your control. +[Marketing materials](https://imgur.com/a/laxjsEj) are being released now. + +[Here's a sneak peek](https://streamable.com/eb5ay0) + +[Project website](https://asko.finance/) + +Token Contract: https://etherscan.io/token/0xeeee2a622330e6d2036691e983dee87330588603 + +CoinGecko: https://www.coingecko.com/en/coins/asko + +An update on a project from this post: +https://old.reddit.com/r/CryptoMoonShots/comments/lgygvs/asko_mainnet_launches_in_3_days_along_with_new/ +I see posts like this all the time on other social media platforms about canceling student loan debt, where someone borrowed $10k, paid the balance due on time every billing period, has paid off $12k and still owes $13k + +I understand you pay interest on the loan but how does it add up like it does? +/u/nullc /u/adam3us /u/Luke-jr + +I know it's a busy day out here. But like a child of divorce I'm concerned about losing some of the most important people in the project. Greg and Adam are such brilliant scientists who I really admire, I am just so impressed with all their work, it's mind blowing. + +But if the network majority disagrees with you guys, is it a game changer for you in terms of enthusiasm for the project? Have you thought about what you will do personally with Bitcoin? +Hi I’m a highschooler and I want to grow my portfolio and eventually move on to bigger trades and options once I have enough capital. I was hoping you guys could suggest me any stocks that I should invest in. Thank you all. +I am a big believer in layer-2 roll-ups for Ethereum scalability, so pretty much all my funds are on Arbitrum. I woke up earlier then usual this morning to do some transactions while the gas fees are low, but I couldn't connect my MetaMask wallet to Arbitrum on any DEX or dApp. + +I went to Arbiscan, and what I saw scared me : [the last transaction was processed more then 2 hours ago](https://arbiscan.io/). + +There is no announcement on their Twitter or subreddit, so I went to their Discord server. They had this message : + +>Hello - we are aware of some issues with the network. We are investigating and will post an update here once we have one. + +I am worried, because right now I can't do the transactions I want to do, and that's a weird thing to say in a supposedly permissionless, censorship-resistant environement. There is no explanation whatsoever about what happened ; I guess it has to do with the high volume of transactions during the crash, but I really don't know. + +I was using Arbitrum because I thought it was reliable and secure. But now my confidence is shaken. + +Anyone has any idea what could be happening? Does it scare you too? + +EDIT (3:49 PM EST.) : Looks like the problem was with their sequencer, and it is now back online. Transactions are going through smoothly. Phew, what a ride it has been! Glad we are back in business. + +EDIT #2 : Here is [a follow-up](https://offchain.medium.com/todays-arbitrum-sequencer-downtime-what-happened-6382a3066fbc) the the team just released. They are very transparent about what happened, and that puts my mind at ease. +Hello + +I know for those north of 100k it often makes sense to bring your salary below 100k to avoid the potential 60% tax, and for those at the “lower” end of the tax bracket to bring their salary down via pension contributions to avoid paying 40% income tax. + +Curious what the general advice is for those who are in the upper remit of the 40% income bracket when it comes to pension contributions/salary sacrifice once you’ve maxed employer constitutions? + +For example I have a new job with a salary of £80,000 (with £18,000 RSU’s annually giving a total of £98,000). The pension scheme isn’t the best - my employer will put in 4% and I put in 5%. I can increase my contributions but I won’t get anything extra from employer. + +I’m 31 and started putting in around 24/25. Should I just go for the half the age when you started rule and put in 8% or 9% + employers 4%? +Nikola responded to Hindenburg's recent report, calling the fraud allegations " false and defamatory", designed to provide a false impression to investors to negatively manipulate the stock price in order to financially benefit short sellers, like Hindenburg, and contacted the SEC with concerns pertaining to the report. + +[https://nikolamotor.com/press\_releases/nikola-sets-the-record-straight-on-false-and-misleading-short-seller-report-96](https://nikolamotor.com/press_releases/nikola-sets-the-record-straight-on-false-and-misleading-short-seller-report-96) +I work for a small charity where I am the only salaried employee. When I joined my manager tried to dissuade me from staying auto-enrolled in the pension scheme as the charity would have to make contributions and therfore lose some money. I confirmed I planned to stay enrolled anyway and told him I was uncomfortable with him trying to influence my decision like this. + +I am on a fixed term 6 month contract which is now coming to an end, and I've just been told by my manager that the accountant messed up and never calculated my pension contribution when doing payroll. He says they have to backdate the pension contributions which means I would have to take a £450 salary deduction from my final paycheck in order to stay enrolled and contribute to the scheme. I feel like the accountant 'forgetting' isn't really accidental because of my managers reluctance to enrol me in the first place. He also withheld my payslips for 3 consecutive months because of issues with his accountant, so I wasn't able to check what deductions were (or were not) being made. + +I think my manager believes I will choose to opt out of the pension because the backdated amount would leave me with so little take-home pay that I would struggle to cover basic expenses. He also knows I dont have a new job lined up yet, so again this feels like I'm being pressured to opt out. + +My question is, what options do I have here? I'm going to enrol anyway and deal with the financial hardship, but can I request to pay back the backdated amount in installments? And what about the interest that would have accrued had he enrolled me correctly? Something feels off and I don't want to just go along with what he says if there's a better way.... + +Thanks for reading, I hope someone more savvy than me can offer advice! + +Edit as requested by some: I am being paid £30k/annum on a 6 month contract, so £15k before tax. Thanks so much for everyone's feedback so far, I really appreciate it! +edit: I retract much of what I said. Read the full stimulus package. + +20% rally on news of giant stimulus package almost certain to pass. + +Sp500 is now up to 2600, down just 20% from all time highs. + +Meanwhile, what's the forward outlook? Many businesses will continue to stay shut down for months. Loans will prevent some bankruptcies, but will have a severe negative impact on future earnings as they must be paid back. + +Stimulus checks and boosted unemployment will drive increase consumer activity, but for non-essential industries that are shut down, they won't see any of that money. + +What other positive news comes after this? Congress likely won't take further action for a few weeks. Cases will continue to explode. States and municipalities will start resorting to more strict and drastic measures, as well as other countries. Then of course, there's the slim possibility that as things get much worse, Trump flips(he does often) and decides on a national shutdown, which could kill markets. + +I'm guessing the market hits the circuit breaker on Monday after a weekend of bad looking news. + +Personally, I predict market will bottom out again at 2200 in a couple weeks. When things start looking really grim, I'll buy back in. +UPDATE: Spoke with cc yesterday. The charge DID go thru. Spoke with HOA today and they are still adamant it didn't. Looks like I have a fight on my hands. + +&#x200B; + +I paid my homeowner association dues with my credit card back at end of April. Transaction went thru and think everything is fine until today got a call from HOA saying it was reversed and did not go through. Credit card statements show it did otherwise it would show a reversal, yet they are adamant that it did not. I have to wait till after work to call credit card company. My question is the reference number on the transaction from credit card company a way for the merchant (hoa) to trace the transaction in their financial institution to show that it was not reversed? +Hi, + +I'm looking for someone who may be able to help me. There are some free services online for people in my position that so far I have been a little intimidated about using. + +I have stage 4 pancreatic cancer and don't have a lot of time left so I have been working on getting all my things in order. I have a 401k with only about 15k in it. When I pass I'm sure my medical debt from 2020 will be a problem. From what I've been told the 401k would be an asset they could take to try to pay it. I would like it to be used for this current year's medical expenses, including if I may need to pay for room and board at a hospice facility. + +A little information about me that may or may not be helpful. I am 30f and was diagnosed December 2020. My cancer has left me unable to work and am currently on SSD. I have a husband and daughter and we own a home in MN, USA. I just gave my car to my sister and have no other assets or large accounts other than my 401k. + +I've looked into pulling the money from my 401k and was told there is an extra penalty for pulling money out before retirement age. But, I'm dying... shouldn't there be a way to avoid that penalty? Fidelity(my servicer) had no more information for me. + +Am I in the right place? + +Thanks in advance! +I resell full-time and it barely covers the bills most years. During this pandemic, I luckily had enough inventory to get by until my state reopened. + +I have no healthcare insurance and never applied for PUA / $600 weekly unemployment because deep down I feel like I don't deserve them at all. Other people are in a much worse position. + +I feel like I have to be on my death bed before I even consider depending on a government program. If I didn't need the money, I would have refused and/or donated the $1200 stimulus check out of principle. + +I feel like a contradiction. Is this a common theme? What are your thoughts? +Recent US inflation numbers indicate that it rose faster than expected last month. Shouldn't this have caused the Dollar to strengthen against other currencies such as EUR and JPY in anticipation of FED staying on track to raise rates aggressively this year? Instead, market response was the opposite... +I'm a 9th grade trader. + +In 2011, I learned about fundamentals and became fascinated with news and economic statistics. I was at the mercy of the European storm and lost money. + +In 2012, I was captivated by technicals. I searched for the Holy Grail every day. + +In 2013, I was still searching for the Holy Grail. I also developed my own technicals. And every day after work, I looked at the 1-minute chart. But I couldn't make an entry. + +In 2014, I monitored the 5-minute chart and waited for an opportunity to pull the trigger. And finally, I made a few entries. I always got a stop before I reached my limit. + +In 2015, I finally made a profit on the weekly chart. I realized that being friends with a big trend was the holy grail. + +In 2016, I traded larger lots on the weekly chart. I made big profits. I thought I was finally on my own. + +In 2017, the big trend turned and I wiped out the previous year's profits. The big trend seemed to be lost. + +In 2018, I had fewer opportunities to look at the charts due to the lack of opportunities on the weekly chart. My sentiment was dulled and I couldn't pull the trigger at the right moment. + +In 2019, I started using 4-hour and daily charts. The noise took away my profits. + +In 2020, I'm about to become friends with noise. So far, I think we have a good relationship. + +I think I'm going a very long way. Is it time for me to stand on my own? + +How long did it take you guys to be on your own? +I've recently passed a FTMO Funded challenge and need to set up a business bank account to receive the profits but the banks I've tried have rejected my application due to the nature of the business. + +I've tried Monzo, starling, Tide and Mettle but no luck, any ideas on what bank will accept forex profits? + +Is there anyone here based in the UK that receives profits from a prop firm and how you receive the payments? +I think I know what I need to do/cover to get better at trading and building my system, but I just can't find the time between work, a relationship and family/friends. + +Where did you find the time? Pushed at work or afterhours? +Hey guys, +I'm mainly into ta but it seems a few people are successful trading the news. Was wondering if most of the Fundamental analysts have a degree in economics. If so, have you found it vital or just a nice-to-have? +I’ve been lurking here for a while reading some of the posts I understand this could take me years to develop a strategy to make profits but at the same time would it be better to put this time into a business? I want to get out the 9-5 rut and thinking of getting to forex to develop my skills so I could do that what discourages me on how long it will really take I don’t expect it to be fast but wanted to know for someone that wants to be independent and earn income. What do you think would like to hear your opinions! +I recently saw this quoted on a forum : + +"The most common belief among traders is that a 1:2 or higher RR is necessary for profitable trading. People who say this often are under the misunderstanding that there is a 50% chance of the market hitting their SL and a 50% chance of it hitting their target. Well a basic understanding of trading and simple mathematics would show that there is a lower chance of price hitting +20 pips than hitting -10" + +This makes sense to me on a practial level having trading, but can someone possibly explain the 'simple mathematics' of this? +2021 has started bad for me, every trade I’ve taken has been a like receiving a slap to my face, all I see are red numbers and I’m starting to feel hopeless. I know forex isn’t for everyone but I just can’t quit after all my effort I’ve put on it. If someone has an advice for a lost soul like mine I’d gladly read them. +Everyday I come to the charts I see something different. A supply or demand here, a potential imbalance, a liquidity sweep there, maybe a daily bias will help. However nothing makes sense to me right now. + +I've tried a few methods and I like a few more than others but I'm yet feeling lost like I've opened the charts for the first time. I recognize patterns. But I can't seem to figure out why or when they are supposed to work. It feels like a 50% 50% chance it may work. + +You know what I mean? It's like tossing a coin. Have you guys felt that way? Do I have to backtest things more to figure out what's the win ratio and what's the ideal RR I should be aiming to? What made you guys **click** trading, when did that happen? + +I backtest 1 hour daily everyday for months. I log trades, create case studies and sometimes do end of day reviews. I feel like I'm half assing when I see other traders spend 10, 12 hours at the charts but I can't bring myself to stare at charts that long. + +Anyway, just venting. +Sorry if this post sounds stupid, I'm new to forex. For example, using momentum + reversal strategies in this picture. I'm a university student and so I have a ridiculously small account and happy to be earning profits in just cents lol (just trying to get an idea of things). So far its working fine but is this sustainable and/or normal? Anything I should really watch out for (like breakouts)? Any advice appreciated! + +https://i.redd.it/pmoqitqyjc921.jpg +I've seen that 5%ers you can have a fully funded account from day 1 but the profit split is pretty poor at 50/50. Ftmo and others have much higher profit splits but you have to wait to pass the challenges etc before getting paid. + +Which scouting firms are the best for getting funded straight away and have a better split. +Hey there market killers... I'm relatively new to this sub, but I've been pushing and learning a bout forex for over three years now. A bit of context... I'm 21, unemployed and still living with my mom. So yeah, pretty much at the make it or break it age. I've studied and tried out just about everything that relates to forex strategies and testing, and I'm simply not being profitable. I hate the feeling of being able to grow a large account, but not a small one (I blow when I trade on a real). As for demo accounts, deceptively simple. I'm really stranded and have no idea how I'm going to earn an income of some sort. I need HELP. Not dismissing the fact that it may have taken some of you here much longer and you were in more desperate situations, but I feel like I'll breakdown if I don't man up and make money. Some traders tell me 'risk Management's others tell me 'wrong setup' and honestly, I don't know whether it's either or both. Any sort of help will be GREATLY appreciated... I can't give up. +https://www.reuters.com/article/us-ge-results/ge-profit-tops-estimates-shares-rise-in-relief-rally-idUSKBN1HR1H1 + +> General Electric Co (GE.N) posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher in premarket trading. + +> ...company’s aviation, transportation and healthcare businesses produced double-digit profit growth in the quarter, boosting overall results. + +> Profit at GE’s power business fell 38 percent on a 9 percent decline in sales; orders dropped 29 percent. + +https://www.bloomberg.com/news/articles/2018-04-20/ge-stands-by-profit-forecast-brushing-off-wall-street-s-worries +It's been a good year tards. Don't get FOMO but also keep your ear to the floor on some of these plays. + +[year to date, PRPL took me here, PSTH will be next leg up](https://preview.redd.it/1pt7aimw1a261.jpg?width=646&format=pjpg&auto=webp&s=383c8e5d612f5fa26e489911b0156b627171e636) + +&#x200B; + +[PSTH positions](https://preview.redd.it/8uz9j40j2a261.jpg?width=1059&format=pjpg&auto=webp&s=74d51cbdfbd4d5036e0b1be57ffba7eb5acdb03d) + +Hoping PSTH takes me to the 8 figure club. If you've followed my posts, take caution but also keep an eye on media announcements. Be careful of the speculation and keep your eyes open for media releases. + +Here are my most recent plays with PRPL and PSTH still being my largest positions. + +See post history- Not financial advice, just my opinions, do your own research. + +[PLTR PLAY](https://www.reddit.com/r/wallstreetbets/comments/k21p0t/pltr_theta_gang_low_risk_entry/) + +[DKNG PLAY](https://www.reddit.com/r/wallstreetbets/comments/jzyvc3/matts_pick_of_the_week_dkng/) + +[UTZ Play](https://www.reddit.com/r/wallstreetbets/comments/jxr3go/slutz_for_utz/) + +CRSR PLAY: + +https://www.reddit.com/r/wallstreetbets/comments/jxsmww/selling_crsr_puts_huge_downside_protection/ + +PSTH ORIGINAL PLAY: + +https://www.reddit.com/r/wallstreetbets/comments/jv99f0/stocks_that_start_with_the_letter_p_pltr_psth/ + +PRPL Projections and plays. + +https://www.reddit.com/r/wallstreetbets/comments/jsqoqf/prpl_projecting_production_capacity_2_million/ + + +Edit: for some reason part of my post was cut off. If you guys want to follow the PSTH conspiracy theories then follow yolocapitalmgmt on twitter. +I’ve been fatfired for the last 4 almost 5 years mostly doing angel work. Lately I’ve shifted my focus heavily into impact and charity. I’ve been looking at where I can spend my time and came across boardsi, my gut and light research tells me it’s a scam. But I wanted confirmation or advise on where I should look for non-profit or for-profit board spots. Thanks +They loved her Bitcoin Science Fair Project and she did well on her presentation, got high marks. She will go on to district competition in a few weeks and compete there. Several others are going with her from her school in other grades, so they will do well. She has been answering questions all yesterday and this morning it sounds like people and kids went and started the process of getting Bitcoins for themselves. How wonderful ! + +She says thanks so much for the help r/bitcoin and says "tell them thanks for all the help and support" + +Here she is next to her project and blue ribbons: http://imgur.com/aDTp3X6 + +Here is the old post on Bitcoin Science Fair Project. It also has close up pics of her Bitcoin project in old post: http://www.reddit.com/r/Bitcoin/comments/1x57xr/my_11_year_old_daughter_did_her_annual_science/ +They loved her Bitcoin Science Fair Project and she did well on her presentation, got high marks. She will go on to district competition in a few weeks and compete there. Several others are going with her from her school in other grades, so they will do well. She has been answering questions all yesterday and this morning it sounds like people and kids went and started the process of getting Bitcoins for themselves. How wonderful ! + +She says thanks so much for the help r/bitcoin and says "tell them thanks for all the help and support" + +Here she is next to her project and blue ribbons: http://imgur.com/aDTp3X6 + +Here is the old post on Bitcoin Science Fair Project. It also has close up pics of her Bitcoin project in old post: http://www.reddit.com/r/Bitcoin/comments/1x57xr/my_11_year_old_daughter_did_her_annual_science/ +Back in time as the BTC was copied by hundreds of "alts" this word was burned into the brains of cryptohodlers and traders. But the word altcoin is not more appropriate. From the top 15 cryptocurrencies only BCH and LTC are alts as they are BTC derivatives. Other cryptocurrencies base on completely different protocols. They are not alts, but some of them are serious competitors to BTC, with faster development, newer technology and more functions and features. Let us not use this alt-word any more, as it is underrating the value and position of other valuable cryptocurrencies. +Sup Everyone! + +It’s your resident acronym agency sniffing bloodhound back to throw you some DD that will help to confirm some bias, jill your balls, and provide some more mind-numbing mix at how we are changing the financial industry by doing nothing more than holding a stock. No, not the conspiracy three letter acronym agencies “CiA fBI nSa iS cOnTrollInG tHiS” like some shills would want you to think. The SIFMA, BIS, ISLA, OCC, DTCC, NSCC, SEC, etc. agencies that pull the strings and argue what is best for making banking better (and no, it isn’t shorting brick and mortar stores to oblivion \[you hear that hedgie? Fuck youuu\]). + +Anyway, the latter agencies I told you guys about and you should know about by now (OCC is the options clearing corp, not office of comptroller of currency but both are important). If you haven’t been reading up the difference or just didn’t know where the rules were coming from, well, now you do. What I didn’t tell you guys before (because I made a mistake and thought ISLA would be a bigger player), is that SIFMA is probably the bigger player here. Their board is the final say for interpretation of the laws that come from the BIS (in terms of capital requirements and such for Federal Banks), and they would advocate for our favorite banks and hedgies on a GLOBAL level. + +For those of you whose eyes have already glazed over, I’ll leave a nice short TLDR for you. Because some important shit is happening behind the scenes and you shouldn’t get discouraged that the rocket hasn’t taken off yet. It is legit still going through some checks to make sure the boosters do not fail (we have a relatively civilized society; do you really want to go back to trading shiny rocks for bread? No fuck that). + +https://preview.redd.it/dmc1ejq805371.png?width=624&format=png&auto=webp&s=9686163291be73e02a74fbf208b0089925660e48 + +So SIFMA is just American. GFMA Alliance is again, GLOBAL. With American banks and politics, I think we can assume American interests will dominate, because their markets are the most capitalized and liquid (with the exception of, say, Luxembourg, where all these rich people keep their “generational” wealth, and where most of our favorite G-SIBs have a subsidiary that the SEC can’t have access to). + +So, recently I am sifting through all these acronyms and notice that SIFMA is disagreeing with the Basel Process. + +Enter stage left: The Bank for International Settlements (BIS) and the Basel Process + +&#x200B; + +https://preview.redd.it/jhl8vozb05371.png?width=543&format=png&auto=webp&s=e2f5e6fe8d9ba288fe8a7fb3d4a5dda0e265e4f5 + +These markets are all tied together. Literally political leaders and G10 oversee this shit. And the Basel Committee for Banking Services in August of last year started to get a little nervous about the math. Here’s a response from GFMA re: what they think. + +“Over the last several years there has been a significant and increasing use of securitisation techniques to help reduce the volume of non-performing loans ("NPLs") on the balance sheets of banks… That market activity has highlighted the difficulties associated with applying the securitisation regulatory scheme (and especially the capital rules) to securitisations of NPLs in an appropriate way that produces sensible and risk-sensitive results.” + +Typically, a non-performing loan is “a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as it reduces the profitability of banks, and is often presented as preventing banks from lending more to businesses and consumers, which in turn slows down economic growth.” + +There is WAY MORE to BIS, but this will give you guys an idea how 70% of the markets see what their regulations are doing. + +But I mean, we know these banks have hedge funds and analysts and *loveee* to make money off these kinds of loans. Why? Because they can bundle their debt into garbage bonds, pay a ratings agency to rate it however they want, and sell them to grandma or pension funds that the intern just called and said “are the best fucking backed bonds you ever bought, even the Fed owns them!” Haha wait, did anyone see that article from earlier? [https://www.nytimes.com/2021/06/02/business/fed-sells-corporate-bond-holdings.html](https://www.nytimes.com/2021/06/02/business/fed-sells-corporate-bond-holdings.html) Remember a couple weeks ago when Merrill said they wouldn't let interns make cold calls anymore? + +[https:\/\/www.thinkadvisor.com\/2021\/05\/24\/merrill-to-bar-trainees-from-cold-calling-report\/ ](https://preview.redd.it/ga2j9y8p05371.png?width=480&format=png&auto=webp&s=19f8e5f5f815673bb57683ec7ccf0463d7ea21e0) + +Why? Did someone at the bank tell you the bonds couldn’t fail, and they're, ummmm… doing something? + +How could this happen after 2008? Well, we all know we need to follow the money. And literally this is a reverse 2008. An 8002 uno reverse if you will. + +Now, we know what happened. They bundled dogshit, wrapped in catshit, and put a bow on it. Top dog Burry caught this, and decided to short the bonds. So, how does GME tie in? The Everything Short is most likely BANG FUCKING ON. They SHORTED THE BONDS THEY SOLD THE GOVERNMENT AND SOLD THE SWAPS OR FUCKING KEPT THEM FOR WHEN THE MARKET FAILS AGAIN. + +They have been planning this. It was made more difficult to hide, and they couldn’t do the same thing to the housing market backed by the government, so they knew that if the government held the bonds, and made the money printer go brrrr for as long as they needed, the collateral that they posted would just be hidden by the government as the bonds started to fail. Enter NYTimes article, while the Fed sells the bonds. Probably back to the banks. While money printer go brrr. + +https://preview.redd.it/hluc4tf915371.png?width=305&format=png&auto=webp&s=2b9d61412b61ac0259c523a4ba8c798db8de18d7 + +So, how does this all tie to GME? + +Remember when I told you guys that Citadel owns the company that bought the Sears leaseholds? No because you don’t read anything dickhead. Well, they do. And they reaped the benefits **immensely**. + +How do you really profit off of these types of defaults? You, your bank, and lawyer friends bundle a bunch of corporate debt into bonds, have a ratings agency rate them AAA++++ super-duper 9000+ mega bonds, and offload them. Buy credit default swaps on those bonds (effectively shorting the bonds), and make a fucking boatload of money, all while not doing anything technically illegal, just immoral. + +I believe Citadel did this with Sears. It is easily proved they owned the company that held the leasehold. I don’t know how to find what bond or bank their debt was bundled in, but that would be and easy sell to, say, a pension fund manager that managed all the pensions for Sears. “Hey wanna buy the debt that Sears has? Super crazy rating, you guys are strong, buy this bond!” Sold. Bond fails, pensions go bye, rich get richer. + +GME changed the game. Millennial retailers got mad and horny that their fav company was going bankrupt, and decided they liked a stock. They even made it super easy for us to buy. + +But, they got greedy and coupled these bonds with creating algos betting on impatience’s of retail. “Grrr Im not making money off these stocks Ill take a small loss and invest in the next one”. + +Retail started to hold. They couldn’t bankrupt the memes. Because how the fuck do you bankrupt a joke? You can’t. It just makes us laugh when you try. And we wont sell. + +Going back to Basel, these loans were no longer NPLs. And the banks didn’t have them on their balance sheet anymore. So they could only short the bonds they were in. And the bonds have become actual, AAA++++ super-duper 9000+ mega bonds. So their credit default swaps are worthless. Lol. Fucking reverse uno 8002. + +So my hypothesis is, it would seem the banks tried to fleece the Fed, and the Fed has found out and is going to sell the corporate bonds back to the banks in order to save their ass again. Because money printer go brrrr and is about to break with reverse repos. And to top it all off, if the people found out the banks were doing this, they would literally call for blood. These guys have had the run of everything for way too fucking long. And honestly, when this is over and we have tendies, the bank heads had better be held responsible. Ignorance is not bliss, and they hired the wrong people (or right if they wanted to just make money immorally). + +Back to BIS and how they related to the Fed, and how this is actually good for us. I am more confident than ever we will see tendies. $20T plus insurance money is what is on the books, wait till we see what is on these corporations balance sheets as assets that they have been trying to buy to offset paying taxes (can you say $10-100M mansions, baseball teams, and yachts?), banks will go brrrrr for apes. I HIGHLY RECOMMEND THIS READ: + +https://preview.redd.it/gpbnarnb15371.png?width=587&format=png&auto=webp&s=b9ae098cc41ff30f20d92156bf9038e0828609fd + +The Fed is being forced to do it on a global scale because I would imagine there has already been some credit default swaps offloaded on unsuspecting foreign entities. And, I would honestly assume Kenny is already in a different country or under arrest; the busy weekends are analysts and senior hedgie retards under order to allow the algos to do what they need to in order to kick the can and \*attempt\* to deter us. This is why the meme stocks are still moving in tandem. Otherwise they would have cut it off (maybe not tho and they actually are retarded). The entire market is moving in an odd fashion. And we are about to see some big green dildos soon. Anecdotal? Definitely. Evidentiary? Also, yes. Hedgies and banks r fuk? + +https://preview.redd.it/02h214vk15371.png?width=296&format=png&auto=webp&s=a35b326ada8f03963e841caae93a4cd350068aad + +Anyway bros, I am pretty comfortable with this. We don’t just like the stock, we actually believe in the company. I have now a clearer picture than ever as to how everything is working. The Big Short has never been crazier watching it, because this is just a reverse of it. We are in unprecedented times. Love you bros, see you on the other side. + +Be patient, be kind, be skeptical and stay smart. Wear a hellmit because because you'll die in space if not. + +Cheers guys. + +TL;DR: Just read it. It might even help if you don't understand The Big Short entirely. Just know, bonds, credit swaps, Sears and leaseholds, it is all tied together in the global banking community. Tendies aplenty. GME go up. + +References: + +1. [https://www.sifma.org/](https://www.sifma.org/) +2. [https://www.gfma.org/](https://www.gfma.org/) +3. [https://www.gfma.org/correspondence/gfma-signs-on-to-joint-industry-response-to-bcbs-technical-amendment-on-capital-treatment-of-securitisations-of-non-performing-loans/](https://www.gfma.org/correspondence/gfma-signs-on-to-joint-industry-response-to-bcbs-technical-amendment-on-capital-treatment-of-securitisations-of-non-performing-loans/) +4. [https://www.bis.org/speeches/sp210525.htm](https://www.bis.org/speeches/sp210525.htm) +5. [https://www.bis.org/about/basel\_process.htm](https://www.bis.org/about/basel_process.htm) +6. [https://www.nytimes.com/2021/06/02/business/fed-sells-corporate-bond-holdings.html](https://www.nytimes.com/2021/06/02/business/fed-sells-corporate-bond-holdings.html) +7. [https://www.thinkadvisor.com/2021/05/24/merrill-to-bar-trainees-from-cold-calling-report/](https://www.thinkadvisor.com/2021/05/24/merrill-to-bar-trainees-from-cold-calling-report/) +For those who want to see if their business qualifies for JK beyond September 2020 + +[https://treasury.gov.au/sites/default/files/2020-07/Fact\_sheet-JobKeeper\_Payment\_extension.pdf](https://treasury.gov.au/sites/default/files/2020-07/Fact_sheet-JobKeeper_Payment_extension.pdf) +Hey guys + +Long story short, my lease is coming to an end within the next 2 weeks. I've (virtually) inspected new places but have decided I like my current place more. As a result of my research, I have discovered a lot of places in Sydney are discounted by 15-25% per week and most landlords are willing to negotiate price. + +My job is fairly stead at the moment \*touch wood\* and I haven't had my income reduced - just no salary increase for this FY and no bonus (which I wasn't eligible for anyways). The more financially astute side of me wants to show my landlord the cheaper listings and lock in a contract until the end of the year that is around 20% off the current price. The more humane (?) side of me feels somewhat bad - my landlord thus far has treated me fairly and I've noticed he seems to be working less. I also feel like rent reduction should be taken up by people who actually need it...and I'm a 27 year old single male making just over 100k. At the same time, there is a voice in my head telling me that even a reduction of $25/week means paying $1.3k less a year...a $1.3k that could be invested or used to treat myself. + +I don't know...what do you guys think? What do you think my chances of success are and do you have any tips re negotiation (besides, having everything in writing)? + +EDIT: by rent reduction, I don't mean asking to pay less for the remainder of my lease - I fully intend to pay what is stated on the lease until the lease is up. I just mean going up to him after the lease is up and saying "hey, look. I want to still be here but I want $XYZ amount off the price" +Stake users, check your email. Starting July 13th, users will automatically be opted in to allowing their US equities to be lent out to DriveWealth, for DriveWealth to then lend to others, with Stake users receiving a portion of the lending fee. + +The email contains a large amount of fine print outlining additional risks that Stake are opting me into to, including external links to 6 legal agreements with DriveWealth that I am apparently entering in to by not opting out. In addition, the current model means I won’t know how much I stand to benefit from this arrangement until my stocks are actually lent out. This makes it impossible for me to quantify whether any reward is worth the additional risk. + +I want to see this be an opt in system rather than opt out, and I want to see a pie chart from Stake that breaks down, of the revenue that DriveWealth receives from lending a Stake users stock, what percentage goes to DriveWealth, what percentage goes to Stake, and what percentage goes to the Stake user. + +Thoughts? +Question about stock spilts and it’s effects on calls + +Hey guys. I am holding call contracts for $GME that expire in June and I am wondering about the effect that the spilt will have on the options contracts. I know that my options contracts will multiply based on the ratio they spilt the stock by. + +Should I close my positions or continue to hold throughout the split? I know that once the spilt is over, the stock prices when you go down so looking for some advice here. + +I am not new to options trading but have never traded through spilts. Would love some advice here. Thanks. +Bought this 40p on IRNT on 9/16 at market open when it was trading around $42. At the time, weeklies weren't a thing, so I could only pick 9/17 or 10/15 for DTE, so I chose 10/15, just in case it needed time to drop. The screenshot is from today, where IRNT is currently trading around $27, and my put is still not making me any money. + +https://preview.redd.it/h57mhyjlxno71.jpg?width=939&format=pjpg&auto=webp&s=f7ab4603d623aa2a6430d8a7259c22ed49ebca33 +Hey Folks! + +So, I have a question for the PF minded among us as to if this is a good idea or not. I live in a neighborhood that was a development about half an hour outside a major metropolitan area where the houses were all built in the early 2000's (2004-2006 right before things went sideways). About 3/4 of the lots in the area had houses on them when the market tanked, and the remaining 1/4 have slowly been building up as time goes on. + +To put it into perspective, this is all SFH's on 1/4-1/3 an acre, usually a split or modified split with a 3 car garage and 3-5 bedrooms, 2500 square feet. Average home price is currently about 210k, and the market is pretty decent right now. + +Anyway, the last few lots in my neighborhood have now all been built on except for one more which is situated directly across the street from me. I have a 7 year old son and within a block of me we have about 10 more kids 6-9 who all are friends and play in the area (at someone's house or in the yards or whatever... it's very much that 60's style "Go play I'll call you in for dinner" sort of thing). + +I'd like the lot across the street to stay empty, as it's fairly centrally located and they kids run through there all the time, and play kickball and things there all the time now. + +Is an empty lot at all a decent idea to purchase? I don't intend on doing anything with it other than keeping it mowed, and maybe get a bigger play system (think rainbow play system or something) for all the kids to play on. + +It's not really a question of whether I can afford it, but I'll give you the rundown on numbers anyway: + +Only debt is my house, I owe 230k at 4.25%, house is worth 260 conservatively. + +Income is 120k salary a year, 30k stock (at current market value) per year. I currently max a 401(k), Roth IRA (backdoor), max an HSA, and have a relatively decent amount going to a 529 until it's funded to my satisfaction. I have 4 months emergency fund in liquid assets, and about 40k in brokerage. + +Lot would be a 25k or so purchase. + +AND SO THE QUESTIONS: + +Is this a stupid idea? + +Can you take out a mortgage for a property you have no intention of homesteading? + +Would it make sense to pull money out of the market and drop into the property? I don't have much portfolio exposure to real estate... that could help that? + +Thanks for looking/any answers I can get. + +EDIT: Thanks for all the awesome replies folks! I'm going to be going through and replying to a lot of folks one-off, but wanted to put this up here as well. + +The lot is not currently for sale. It is held by a private owner who bought the lot from the original developer with the intention of building a house, then when the market shit itself he never ended up building. I haven't spoken with him yet, but I intend to approach him after I get all my ducks in a row. + +There is no HOA or restrictions on the property from what I've been able to gather. The neighborhood originally had several covenants when they initially purchased the lots from the city, but the original developer went bankrupt, and the city re-zoned a lot of things and as of now, from the City's perspective, leaving it empty would be just fine. + +RE: Insurance. I called my agent this morning and inquired as to this, and they recommended an umbrella policy similar to what many below have suggested. Given my gradually growing assets and things, I went ahead and took out a policy for $1mm in coverage, which can be extended to include the lot across the street. It's only like $50 a year over my current insurance bill, so it seemed like a no-brainer. + +Thanks everyone for the awesome responses, it's been awesome to get some perspective :) +This feels like a huge roadblock to fatFIRE and wondering how you deal with it. I pull over mid-six figures a year while my siblings and parents have household incomes of 50-60k, and I feel constant internal pressure to help them out with life expenses. + +None of them have ever asked me for money but they often talk about their student debt burdens (120k for brother, parents carry 80k for my sister), health bills and trying to make ends meet. I feel guilty having the goal to retire early with 8 figures and deliberately saving my income stream instead of assisting them with 5 figures of expenses here and there... +Friday 2/26/21 $GME Update: + +- Opened: $117.46 +- Closed: $101.74 +- Total Volume: 91,000,000 +- Total Shorts: 22,250,000 +- Short Percentage: 25% +- Borrow Rate: 9% + +https://fintel.io/ss/us/gme + +~~~ + +Well, today was a battle. + +And I think I was wrong. Let me explain our situation as I currently see it through hind-sight. + +They shorted over 22mil shares today to try and drive the price under $100. That's 55mil short sales in 48 hours. + +Considering the 9% borrow rate, a lot of these are still outstanding as well. + +As an aside, I still want to know how in the flying fairy fuckery you can find 22mil shares in a single day to borrow to short, when only 350,000 were available at the opening to the day. You're telling me shares to lend get 6500% easier to find as the day goes on? Directly following a day they just shorted 33,000,000 shares? + +If you think any alphabet agency is going to help us, the last two days should show you that they just don't care about investigating what the hedgies are doing during all of this. If 55,000,000 shorts in two days, on a stock with 70,000,000 shares, doesn't raise alarms... nothing will. We're on our own. And if this really does crash the market at the end of all of this, it's 100% the SEC's fault for not stepping in when shit like this is obvious befuckery. They are complicit in allowing it to happen. + +So what happened today?... + +I think a sneaky smart play was made. + +Looking at the Open Interest on call options on the chain, the $105-$150 options had INSANE volume today. + +There is 744 Open Interest for the $110C 26Feb21... There was 7,719 Volume today! + +There is 1,150 Open Interest for the $120C 26Feb21... There was 10,282 Volume today! + +There is 3,064 Open Interest for the $150C 26Feb21... There was 24,586 Volume today! + +So what do I think happened behind the scenes today? + +I think all the call sellers from $100 and down were hedging their deliveries with higher calls... but I think ending at $101 is going to force them to deliver on their own. + +Over 47,000 Call Options finished ITM at $101. + +That's "only" $470,000,000 to exercise those contracts and force delivery of 4,700,000 shares next week. Remember, they spent $200,000,000 in borrowing fees shorting the stock yesterday alone. They spent another $200,000,000 today in borrowing fees. Half a billion is nothing in this war. + +There were another ~30,000 options waiting to hit from $105-$150. But I think someone was brilliantly smart enough to keep them out of the money... + +I think someone knew that those 30,000 call options were the hedgies only option to help cover those 4,700,000 shares without going to the market for them. And I think the big players let it finish at $101 because they knew it would cause the most pain from deliveries for the hedgies. + +They let the price run up just barely under $150 to force the hedgies to cover with those higher calls... and then allowed the price to pull back to make them lose the premium and force them OTM. This is a well-known options attack plan. They literally played the hedgie's game against the hedgies. + +It was too easy to push the price to $143 this morning, and I think someone knew something was up and changed the battle plan. + +So now we stand at a possible 4,700,000 shares needing to be delivered by Tuesday, plus whatever outstanding shorts now exist from those 55,000,000 shorts in the last two days... plus the (at least) 60% previous short float. + +Let's be conservative and say that they paid off 75% of the shorts from this week, and 50% of the shorts from the finra report... + +70,000,000 float x .6 (60% short) = 42,000,000. Let's say they cleared half of it... 21,000,000 shares. + +55,000,000 shares shorted this week. Let's say they cleared 75% of them... 13,750,000 shares. + +And let's say that only half of those 4,700,000 get exercised this weekend, or that half were sold covered... 2,350,000 shares. + +At the BEST... they are now 37,100,000 shares in the hole... or 53% of the total share count. + +GME fell off the FTD threshold limit on 1/29/21. It needs to have 450,000 FTDs to qualify for the 0.5% threshold. + +On 1/29/21... every single call option under $325 finished ITM, and you can expect at least a couple of them exercised, so I'm expecting the FTDs from the first half of February to explode in size once again. And this time they wouldn't have the ETFs to liquidate to cover those deliveries (XRT blew up to over 2,000,000 FTDs on the same 1/29/21). + +They stopped this from exponentially blowing up the FTDs by NOT ALLOWING THE OPTIONS TO BE EXERCISED THAT DAY. + +https://www.wsj.com/articles/robinhood-in-talks-to-settle-finra-probes-into-options-trading-practices-outages-11614366379 + +"Call options give investors a right, but not an obligation, to buy a specific amount of stock at a specific price, known as the strike price, during a specific window of time before they expire. If a call option is “out of the money,” meaning the price of the underlying stock is below the strike price, a customer is better off letting the option expire. + +In January, Robinhood noticed some users “were occasionally exercising OTM options, causing them to suffer losses immediately upon exercise,” Mr. Tenev said. Robinhood put a warning system in place and required customers looking to exercise out-of-the-money options to speak with a company representative first. On Jan. 29, it stopped allowing customers to exercise out-of-the-money options." + +Robinhood literally DID NOT ALLOW you to exercise an OTM call option on 1/29/21 to stop the deliveries of GME. + +A company has to stay on the threshold limit for 5 consecutive days to start the 13 day clock for forced FTD closings. + +If GME had over 450,000 FTDs on Feb 1, that would make day five 2/5/21. You get 13 trading days to close those FTDs once it's on the threshold report or it gets forced on the thirteenth day. + +13 trading days from 2/5/21 is this last Wednesday, 2/24/21. The day that share prices exploded from $50 to $170 in a single hour. + +Wednesday may have been those FTDs force covering, which caused a small gamma squeeze on the open options. + +If that's true, and we got another FTD reset on Thursday, we are about to start the clock fresh on Tuesday when these current options fail to deliver on time. That would put the next forced closing on... + +You're not going to fucking believe this... + +...exactly 19Mar21. + +EVERYTHING KEEPS COMING BACK TO 3/19/21. + +They spent half-of-a-billion-dollars (five-hundred-million) in BORROWING FEES ALONE this week to drive GME's price down low enough to keep the deliveries reasonable and keep it off the FTD threshold list. It was their last chance to drag this clusterfuck out a few more months... but I think closing over $100 may have just sealed the date. + +They didn't just short over 55,000,000 shares in a single week at $100 per share to get out from under their short positions; they did it to try and limit the deliveries from these options... and they failed. + +So I went to do some research on stocks that would have ZERO relation to Gamestop in this fiasco. + +If you look at AAPL and it's option chain... you see that all put options have very low open interest for 2/26/19, 3/5/21, and 3/12/21... + +On 3/19/21... Put interest EXPLODES in contract numbers and volume... + +March 26 goes back down to almost zero. + +Facebook is the same. Coca Cola is the same. Starbucks is the same. Johnson and Johnson is the same. + +Why the hell are investors in Facebook, Coca Cola, Starbucks, and JnJ all hedging against the exact same date? What would JNJ and Starbucks have to do with GameStop? + +Market makers are hedging what they own with puts to save the value of their shares they currently own in case the market implodes. + +I'm marking my calendar... 3/19/21 is lining up perfectly to be the day the shit truly hits the fan for the market. + +We're in the endgame boys. + +~~ + +Edit: u/Scfi4444 added below that 3/19/21 is a quad witching date (market index futures, market index options, stock options, and stock futures all expire on the same date) +Hi everyone, sorry for the long post but my wife and I are in some dire need of advice and am hoping all of the educated minds in here can offer an opinion. + + Unfortunatley, my wife and I were dealt a pretty crappy hand in life. I haven't worked since the beginning of 2019 due to a birth defect that ravaged my body. I've had multiple surgeries (including major thoracic) to correct it and am now stuck in chronic pain for what will be the rest of my life. I was a high school teacher before this and there is no way the pain would allow me to do that due to it being incapacitating 24/7. 10 minutes on my feet turns into excruciating pain. I currently go in front of a judge on Tuesday for disability. I have been teaching online for short periods of time, but the money averages to about $11.00/hr. and I can't do much. At the end of 2019, my wife was diagnosed with Grey Zone Lymphoma, which is a rare type of cancer. Luckily she went into remission back in March and went back to work but after taxes and insurance costs she makes about $25,000 a year. + +This is the only income we have. We both own cars and will probably sell hers, but we owe more than its worth. Same with my vehicle, but mine is more reliable to get us around so we are looking to keep it if possible. We cannot afford rent anymore and are now struggling with buying groceries. Our credit cards are maxed and haven't been paid in months, our medical debt is outrageous and we can't pay student loans. We luckily rent from her grandfather and he hasn't been asking for rent, but doctor's say he will likely pass away within the next year due to his multiple heart attacks. In his will, is to sell the home to family up north who are looking to sell it and push us out. Once that happens, we will likely move back in with our parents at 28 years old. + +We are absolutely lost at what to do. Is bankruptcy the correct option in this scenario? We have thought about waiting to see if I get approved for disability and agreeing to a settlement with whatever the backpay is. However, I am not confident I will get approved at first and if I do, the backpay may not be enough. I have always been a hard worker. I worked full time while completing my Bachelor's degree in just 18 months. I had taught for 4 years and was (not to brag) a pretty great teacher. I was very proud of this and have been incredibly sad that I cannot continue to do what I love.. Can you offer me any advice on what steps I should take next financially? + +Thanks! +I am overwhelmed by the amount of information and noise that there is out there about trading. It's a blessing and curse at the same time. I'm reading books, watching videos and etc.. + +It's just I am stuck big time on developing my trading strategy. I prefer scalping on 5m / 15m chart forex - for a few reasons and I'd love to stick with it - but I am literally s t u c k. + +I learned a lot about money management, psychology and etc. - but I lack guidance in the development of my own strategy. For ex.. let's say I want to start backtesting - where do I even start? + +Do I pick just one random thing and run with it? + +I also tried paper trading - but that seems like blind shooting since I have no entry / exit rules - basically no strategy in place, only identifying support + resistance + trend and trying to scalp something. + +I know price action pretty good - it's what I started with in the beginning but I don't know. I tried trading trends, ranges and etc. but I feel like I need to develop a more specific strategy in order to test it out. + +What do you guys think? I'll appreciate any piece of advice. Thank you +NY times posted [this](https://www.nytimes.com/2021/04/22/business/biden-taxes.html) at 11:51 AM + +Bloomberg posted [this](https://www.bloomberg.com/news/articles/2021-04-22/biden-to-propose-capital-gains-tax-as-high-as-43-4-for-wealthy) at 1:06 PM, literally 1 minute before the first red bar of today's drop at 1:07 +To illustrate my point, let’s use the number below: + +* $10M in a portfolio, say 75% VTSAX + 25% VBMFX. +* The average dividend is about \~1.5% +* The 21-year CAGR is about 5.57% (if not re-invest dividend). [Reference](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=false&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VTSAX&allocation1_1=75&symbol2=VBMFX&allocation2_1=25) + +Suppose that you plan to withdraw 2.5% to support your retirement life, starting at your 1st year of FatFIRE life. + +From a tax-efficient perspective, it seems that the best idea is to **pay the first 1.5% with your dividend since you can’t avoid its tax**, and just borrow the rest using IBKR (or another low-interest product via private banking or negotiate a low margin interest w/ your main broker) that charges very little on interest. While you have to pay some interest (which is about \~1% today, maybe will increase gradually to \~2%/3% in the next 10 to 20 years), you can avoid paying capital gain and state income tax. + +You probably still need to pay capital gain when you rebalance, but that’s a separate consideration. + +As long as you keep your margin lower than 20%, it’s generally very safe. Given that the CAGR is 5.57%, and if you borrow 1% from NW, this seems to be a good strategy for many years. + +Some known advantages: + +* If you are not super unlucky, your portfolio gain should outgrow your margin interest (assuming it’s 1\~3%). That is to say, the % of your borrowing may naturally decrease over time. Also, if your NW increases, the 1.5% dividend might be enough to support a good life — you eventually borrow less over time. +* When an asset is transferred at death, the basis is stepped up to the market value at the time of death. If my heir sells the asset, the gain subject to tax would be the appreciation that occurred since inheriting the asset. +* You don’t have to time the market (when to sell) or to project your expense (a medical bill, etc.) You can withdraw (actually, borrowing) whenever you needed so it provides flexibility. +* As a FatFIRE, the more you borrow, you may negotiate (or get) a lower margin rate from your broker. +* You can live in CA/NY or pay (relatively) little concern to the state tax since borrowing money requires no tax. + +Some known risks and their mitigation: + +* The cost of borrowing is too high. The good news is that interest rate hiking is a slow process. At any time you feel the interest makes no sense to you, you can simply stop borrowing and pay off the debt. The long-term capital gain is at most 20%. You receive no or little penalty (15% vs 20%) by paying a large lump sum. Better, you can live in any state you feel convenient until the time you decide to pay the debt off. You could save lots of state income tax if you plan ahead and choose the right domicile state when you decide to sell stocks to pay the debt off. +* Some tax reforms make a capital gain income or with more tiers. Well, legislation is not a quick process and you can always make some move (by talking to your CPA) once you feel the change seems to be imminent. +* How about a bear market like 2008? Well, you could certainly borrow less or spend less. Switching from borrowing to withdrawing provides no help. It could be even a disadvantage move to sell low anyway so avoiding withdrawing could be a good move. + +This plan (borrowing instead of withdrawing) sounds too good to be true. What's the catch? + +Note: this is a repost per Mod's suggestion -- the previous post contains bitly link and thus has to be removed. +One of the things that my husband and I have struggled with is how to make the leap to a more strategy driven CPA that can create a holistic plan for us and offer ongoing options for tax savings. We have a net worth of about $3.5M which includes brokerage and retirement accounts, real estate and shares of private companies. I think we could RE now if we could get our taxes cranked down. + +We continue to level up with a new accountant every few years and learn a lot each time. We paid a huge sum on taxes last year due to a total lack of strategy and that has spurred me on to make this a top priority for 2021 so we don't make those mistakes again. I suppose our taxes are somewhat complicated because we have multiple LLC's and real estate holdings, but certainly not as complicated as wealthier individuals. We spent about $10-$15K on our accounting fees for 2020, and that is while still doing my own bookkeeping. Ideally, I don't want to do my own bookkeeping anymore! I don't mind spending more than $15K if we get a solid ongoing strategy. But I cannot seem to find that next level of CPA. Where should I be looking? Do I literally need to be going to a big four accounting firm or would they laugh at our net worth? Anyone willing to share their CPA experience or actual contacts? +Throwaway account to ask for some advice. I'm mid 30s and FIRED a year ago with 10mm NW and ~300k of passive income. I've been loving my freedom and also moved to our dream retirement destination. + +An unexpected opportunity has presented itself where I could make ~2mm / year. That's similar to the type of compensation I walked away from in order to FIRE, but the difference is, I could have this job where we've **chosen** to live for personal reasons which is highly unusual. In the past, we've always moved because a career advancement opportunity required it. + +We finally decided to FIRE and move to where we wanted to be, but never expected there would be any job that would pay close to what I used to make. + +So now I'm at a crossroads. Had this opportunity not popped up, I would have been happy never working again. But now that it's presented itself, I wonder if I should work for a few more years. + +UPDATE: Thanks to everyone who voiced their opinions. I think what resonated with me most is that there’s no downside so I’m going to explore the opportunity further. + +UPDATE 2: Hearing community feedback and talking through the scenario has been really helpful. One thing it helped me realize is that the main reason I’m even hesitating is I’d feel a personal obligation to commit to the role for a minimum of a few years given that the opportunity is being brought to me by people I consider friends. So while on paper, the worst case scenario is I just quit and I’m no worse off financially, I’m loathe to make a rash decision that could mean burning personal relationships if I soon found I did not enjoy the job and wanted out. +When planning out long term what inflation assumptions do you use? + +I've had this feeling that inflation on high end things is greater than the headline CPI. Anecdotally, the place I lived in 5 years ago is about 30% more expensive today (rented condo), so ~5% YoY. Checked a couple of indicative purchases on my mint and seeing similar numbers. + +I think I remember reading Nassim Taleb talk about how he didn't buy TIPS because his personal inflation was far higher than CPI, but can't find the reference now. + +Or do you just plan to get to a 3% WR and retire then? +Don’t use margin. Don’t gamble more than 10% on shitcoins. + +When it crashes, don’t sell the reds. Buy the fucking dips. + +Spending more time ≠ making more profit. +Stop trading. Technical analysis is an illusion. + +Don’t bug your friends about crypto. Don’t check the charts after waking up. + +If you’re getting excited about coin prices, your life’s getting too boring. + +Did i say don’t use margin? +Was watching CNBC and they have a squad of "technicians" constantly on air making squigly lines rambling about "support" "ressistance" "head and shoulders" + +how did this nonsense ever become a "legit" +WHO the hell buys companies based on crap like this? + +Oh yea this stock has a "bald eagle with a sigarette in It's mouth" pattern its a screaming buy!!! +It has recently come to our attention that one of the top users this month [u/ Safelyoptimized](https://www.reddit.com/user/Safelyoptimized) has been breaking the rules and stealing other users comments in order to farm moons. They also have many comments that are spammed across main threads that appear to be off a pre-made list as they repeat the same generic comments every few days/hours. These comments earn them anywhere from tens to hundreds of karma each time. We have zero-tolerance for content theft and plagiarism. This user has been permanently banned for content theft which makes them ineligible from future MOON distributions, but they are still eligible to earn MOONs this period and are currently 19th on the MOON karma csv with **14972 karma**. + +**It is not fair for the rest of the users who are following the rules to have these moons distributed for ill-gotten karma.** + +In the moons FAQ it says + +> The community has final say on who earns how many Points. If someone is acting in bad faith, for example spamming the subreddit, the community can vote to strike them from current and future distributions. + +In order to prevent this user from receiving this months distribution, we must vote to strike them from the current distribution. + +---------- + +Examples of low-effort generic comments spammed across numerous threads: + +> "Enthereum we trust", "Rule number one of fight club, You do not talk about the fight club.", "YEAR OF THE ETH", "Eth is the future.", "ETH deserves this" + +...and many more. You can view [their profile](https://www.reddit.com/user/Safelyoptimized) and judge for yourself. + +----------- + +Examples of Comment theft in the daily discussion thread between July 1st - 14th. *These are two dozen of the highest scoring ones.*: + +https://reddit.com/r/CryptoCurrency/comments/nq8bko/daily_discussion_june_2_2021_gmt0/h09bexi/ - specterlittross2019 +https://reddit.com/r/CryptoCurrency/comments/ofvf1s/daily_discussion_july_8_2021_gmt0/h4j4m4j/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/nhf6t3/daily_discussion_may_21_2021_gmt0/gyz9j92/ - IndigoZombie1 +https://reddit.com/r/CryptoCurrency/comments/oejhc0/daily_discussion_july_6_2021_gmt0/h49pn0w/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/ob9t4g/daily_discussion_july_1_2021_gmt0/h3mhn9f/ - HacksawJimDGN +https://reddit.com/r/CryptoCurrency/comments/obyi1c/daily_discussion_july_2_2021_gmt0/h3t8a1d/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/n7cmwh/daily_discussion_may_8_2021_gmt0/gxc9vxs/ - Human_Male__ +https://reddit.com/r/CryptoCurrency/comments/oifq50/daily_discussion_july_12_2021_gmt0/h4wvzm3/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/nq8bko/daily_discussion_june_2_2021_gmt0/h09ty5x/ - Purple0523 +https://reddit.com/r/CryptoCurrency/comments/oh7s45/daily_discussion_july_10_2021_gmt0/h4pmmrl/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/o4iehd/daily_discussion_june_21_2021_gmt0/h2j16g2/ - Layneeeee +https://reddit.com/r/CryptoCurrency/comments/ob9t4g/daily_discussion_july_1_2021_gmt0/h3q2kwr/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/nsizvk/daily_discussion_june_5_2021_gmt0/h0myypz/ - specterlittross2019 +https://reddit.com/r/CryptoCurrency/comments/oejhc0/daily_discussion_july_6_2021_gmt0/h46xm88/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/nsizvk/daily_discussion_june_5_2021_gmt0/h0n6pkh/ - llaas +https://reddit.com/r/CryptoCurrency/comments/oejhc0/daily_discussion_july_6_2021_gmt0/h473365/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/o7zo3z/daily_discussion_june_26_2021_gmt0/h32gqj5/ - Judges_Your_Post +https://reddit.com/r/CryptoCurrency/comments/oejhc0/daily_discussion_july_6_2021_gmt0/h46w7xr/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/nnb1yj/daily_discussion_may_29_2021_gmt0/gzwhaom/ - MrSmiley3 +https://reddit.com/r/CryptoCurrency/comments/oh7s45/daily_discussion_july_10_2021_gmt0/h4qf76j/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/nq8bko/daily_discussion_june_2_2021_gmt0/h09nww5/ - Danny_bowwyyaa +https://reddit.com/r/CryptoCurrency/comments/ofvf1s/daily_discussion_july_8_2021_gmt0/h4h582c/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/nml3ri/daily_discussion_may_28_2021_gmt0/gzpx055/ - Judges_Your_Post +https://reddit.com/r/CryptoCurrency/comments/ogjprk/daily_discussion_july_9_2021_gmt0/h4mw5o3/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/o9wmw4/daily_discussion_june_29_2021_gmt0/h3eo3dm/ - RedBeardBandit73 +https://reddit.com/r/CryptoCurrency/comments/ocmse3/daily_discussion_july_3_2021_gmt0/h3yf5r6/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/nq8bko/daily_discussion_june_2_2021_gmt0/h09jxo4/ - BigPapa9921 +https://reddit.com/r/CryptoCurrency/comments/oh7s45/daily_discussion_july_10_2021_gmt0/h4nhhh9/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/n8r069/daily_discussion_may_10_2021_gmt0/gxk010c/ - Human_Male__ +https://reddit.com/r/CryptoCurrency/comments/oifq50/daily_discussion_july_12_2021_gmt0/h4xvvqw/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/nq8bko/daily_discussion_june_2_2021_gmt0/h0aahyz/ - anasshm +https://reddit.com/r/CryptoCurrency/comments/ogjprk/daily_discussion_july_9_2021_gmt0/h4mhsz6/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/nsizvk/daily_discussion_june_5_2021_gmt0/h0orrjr/ - specterlittross2019 +https://reddit.com/r/CryptoCurrency/comments/ofvf1s/daily_discussion_july_8_2021_gmt0/h4fdsjx/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/ob9t4g/daily_discussion_july_1_2021_gmt0/h3otcqm/ - Giwaov +https://reddit.com/r/CryptoCurrency/comments/obyi1c/daily_discussion_july_2_2021_gmt0/h3tsej3/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/nq8bko/daily_discussion_june_2_2021_gmt0/h09bz6m/ - seroxx7 +https://reddit.com/r/CryptoCurrency/comments/oh7s45/daily_discussion_july_10_2021_gmt0/h4pdzs6/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/nsizvk/daily_discussion_june_5_2021_gmt0/h0nj4yo/ - isthatrhetorical +https://reddit.com/r/CryptoCurrency/comments/of7byi/daily_discussion_july_7_2021_gmt0/h4enxxx/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/n5ubwg/daily_discussion_may_6_2021_gmt0/gx3h013/ - fatcatdandan +https://reddit.com/r/CryptoCurrency/comments/oifq50/daily_discussion_july_12_2021_gmt0/h4yktlc/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/o8m27j/daily_discussion_june_27_2021_gmt0/h37y2v7/ - Tkr1991 +https://reddit.com/r/CryptoCurrency/comments/odvyb9/daily_discussion_july_5_2021_gmt0/h46183g/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/n5ubwg/daily_discussion_may_6_2021_gmt0/gx3d709/ - Human_Male__ +https://reddit.com/r/CryptoCurrency/comments/oj3rwx/daily_discussion_july_13_2021_gmt0/h50baai/ - Safelyoptimized + +https://reddit.com/r/CryptoCurrency/comments/n9jvqv/daily_discussion_may_11_2021_gmt0/gxovc96/ - Squalor- +https://reddit.com/r/CryptoCurrency/comments/ohtv8q/daily_discussion_july_11_2021_gmt0/h4st71l/ - Safelyoptimized + +[View Poll](https://www.reddit.com/poll/p07v03) +Amongst the millions of degenerates on this page, I know there is a substantial portion of you who are scum bag low life ultra bears who are literally **CHEERING and HOPING for WW3 and hyperinflation**, so that you could make a few thousand dollars on your shitty little IV crushed puts. + +Well guess what? Time for some karma you rainbow bellied bitch. + +I'll never judge a someone for hedging their portfolio, but actively hoping for death, destruction and widespread bankruptcy is another thing entirely. + +It's not very nice to want to see the world burn, so that you can make some money. + +The next few weeks will tell that just like every other time we thought the end was here - the world is not actually going to cave in on itself. + +I will bet you all my money (and I have) that the bottom was Monday. + +Reasons why Monday was peak fear: + +* The world is beginning to relax a bit as we understand that USA and Russia are not going to nuke each other +* Europe will not lose access to it's energy +* Fertilizers will not be sanctioned, and the crisis will not trigger a global famine +* Despite what the headlines say, Russia was not cut off entirely from SWIFT. Only some banks were. +* Both sides want some form of peace +* Just by looking at the inflationary data from 2021, you can see that we are about to hit an inflection point in inflation growth. The rise in inflation will start slowing until the actual YOY growth rate of inflation starts falling below 8%, then 7%, then 5% etc. Price levels will not fall, but the growth rate will. +* Oil is falling, and is taking pressure off inflation. +* The markets WANT interest rate hikes now. That means the rate hike today is GOOD NEWS. +* On Monday, SPY tested the 200 day and 50 day MA death cross. We bounced. +* Jerome Powell is about to whisper sweet soothing nothings into our ears, like he always does. + +So in closing, if you were literally cheering for a global catastrophe in the form of WW3 and hyperinflation so that your stocks would go up: + +# You. Are. A. Terrible. Person. + +If that's you cheering for pain, fuck you and you deserve your losses. + +&#x200B; + +\-- + +*Positions: No options. Only shares. QQQ. VOO. U. PLTR. NEGG. INTC. FB. EGLX.* + +*Edit: Part way through the day I sold VOO and to add KWEB, CQQQ, DOYU & HUYA on the news that China is ending the tech crackdown. I didn't see that news before posting this.* + +\-- + +**EDIT: For all the rude commenters below who think I am bag holding, I've got some news for you. I called this downturn months ago and here is my post to prove it. I also said then that inflation would reverse starting now:** + +[https://www.reddit.com/r/wallstreetbets/comments/sbshvd/we\_are\_in\_the\_early\_stages\_of\_an\_inflation\_driven/](https://www.reddit.com/r/wallstreetbets/comments/sbshvd/we_are_in_the_early_stages_of_an_inflation_driven/) + +**While I did not anticipate the full escalation of Russia's invasion, I did anticipate the direction the market was heading.** + +**My money has been safely tucked away in gold ETFs, gold miners and recently potash producers this entire time.** + +**On Monday, I just bought the dip with an account that has gone up 25% since December.** +We've been seeing ***a lot*** of resurfacing float discrepancies since yesterday, and it prompted me to grab my favorite pack of crayons and get down and dirty with some numbers. Somehow, the mix resulted in some seriously financial dirty talk. + +Grab your favorite flavor crayons and some tissues, you're about to dive into some sweet, short and spicy material! + +***^(Warning: This is based heavily on speculation and I have not yet had the time to properly dive into the hard facts and regulations of this yet, but I really wanted to share this with everyone before I run off to do some errands and forget.)*** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# What the fuck is the real outstanding share count? + +[According to GameStop's 10-K Form filed on 8-Sept-2021](https://news.gamestop.com/node/19256/html), and a very direct statement from + +Matt Furlong during the call, the current total outstanding share count is 75.9M. + +Hang your hat on that 10-K form, because I'll be right back to it shortly. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Yahoo baby, what is you doing? — 124M, 248M, and 314M float + +u/Groundbreaking_Goat1 found [that the float was showing at 124M yesterday](https://www.reddit.com/r/Superstonk/comments/plidp9/guys_anyone_care_to_explain_how_the_float_is/), or roughly \~63% SI + +u/ScreechPower found that it [had increased to 248M shortly thereafter](https://www.reddit.com/r/Superstonk/comments/plvnx9/float_increased_again_on_yahoo_finance_from_126m/), or roughly \~226% SI + +u/seemoss then [topped it off with some quick maffs giving us a 314M float](https://www.reddit.com/r/Superstonk/comments/pm5unb/guys_theres_another_section_on_yahoo_that_reveals/), or roughly \~313% SI + +The 314M number was what really got my gears cranking into overdrive. + +The infinity pool could truly be eternal if the SI% is over 300%.... + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# So why does that mean the infinity pool could be eternal? + +Remember the 10-K I mentioned earlier? Let me show you this little bit here: + +[Shares noted above are annotated in millions.](https://preview.redd.it/dhrdsrnwgxm71.png?width=1660&format=png&auto=webp&s=45621a886b5ca1f6db4bea49a3fdfb6d1e715454) + +GameStop is only authorized to issue up to 300 million shares, period. Stock splits, share offerings, etc. all count towards issuable shares. + +Given the apes' diamond hands, the only other way to increase the amount of issuable shares would be through a shareholder vote. (Thanks for the clarification suggestion u/half_dane!) + + +They could always ignore the shareholder's wishes and do so anyway, but last I checked, they actually respect give a fuck about their shareholders, and Ryan Cohen isn't in anyone's pocket. + +Not that I believe GameStop would purposely drill a hole into the Infinity Pool, but if they can ensure that it can never be leaked dry in the future, why not do so? + +**What this could mean is that if (when) hedge funds have shorted even a single share over 300M shares, there is quite literally zero chance they can close all of their short positions without share holders agreeing to allow GameStop to issue further shares.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +One last point of personal speculation: I believe even the 314M float number does not expose the total amount of naked shorted shares out there, only the majority of the main FTD cycle that Shitadel and the main SHF have been locked into. There may be other smaller FTD cycles that aren't showing through in these "glitches" (Remember the trillion+ volume glitches on TDA?) + +Just food for thought! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***Please note that this is basing a lot on opinion and speculation, but I am hoping someone can either confirm, debunk or add to this in the comments below!*** + +^(Edit: Formatting and typo.) + +&#x200B; +- - VAULTZ - - + +An Autonomous Yield and Liquidity Generation Protocol. +4% Fee Each Sell (Set that slippage!) +2% to Holders, 2% to Liquidity (Locked Forever!) + +VAULTZ operates completely ownerless as contract has been RENOUNCED, making it 100% + +(https://etherscan.io/tx/0x73f5b5fd40d1771e042232d954ac790907906eff5d5fb5e0f20ec72d9d3fa9c6) + +Tokenomics: +Max supply 7777 +Uniswap Supply 7427 +Dev cut + Marketing 350 +Each transactions sends liquidity to the renounced contract so price floor CONTINUOUSLY RISES. + +VAULTZ Socials: + +Website: https://vaultzdefi.com + +Twitter: https://twitter.com/vaultzdefi + +Telegram: https://t.me/vaultzdefi + +Telegram News: https://t.me/vaultznews + +Community ‘Mission’: +A DAO token is built on the backs of its community. As the saying goes, if a tree falls in a forest and no one is around to hear it, does it actually make a sound? The same goes for so many tokens in this space. It is OUR job, the COMMUNITIES job to make the world know about VAULTZ. Once it gains traction, the sky is truly the limit. + +Do. Your. Part. Every. Day. Make it known near and far. There will be no stopping the VAULTZ community. + + + +Additional VAULTZ Information: +Token Contract: +https://etherscan.io/token/0x861b2456ac1a6ab5fb5c72aa456091f23ddec1cc + +Dextools: +https://www.dextools.io/app/uniswap/pair-explorer/0x90aac07a8c5f4a050e2cd4fac987a47949145172 + +Uniswap: +https://app.uniswap.org/#/swap?inputCurrency=0x861b2456ac1a6ab5fb5c72aa456091f23ddec1cc&outputCurrency=ETH + +Note: +Dextools when someone sells it ONLY shows the sell amount that gets sent to the LP pool. Don't let that confuse you. It's a Dextools bug. +Old Lady Ape here, + +I have been trying to get the word out about Direct Registration (while I fail horribly at learning how to use Reddit), and I do think a lot of apes have finally heard about it and are considering it in their own personal financial planning. + +But I have also heard many times that apes don't understand what makes Direct Registering of stocks so important. They have their stock in a cash account at a reputable broker and stock in cash accounts are supposed to be "segregated" and protected from being shorted... what else could go wrong? So lets get into this shall we. + +[I made a meme. Does that make me a zoomer now?](https://preview.redd.it/zaquupd46de71.png?width=394&format=png&auto=webp&s=44532062e5ec76fa379ac27751535946909c3497) + +First of all and maybe last of all, **you think you have stock in a cash account at a reputable broker** + +And you do...sort of...We have heard from many sources that GME is literally rolling in FTDs, Failure to Delivers. + +**Who do you think the GME stock has failed to deliver to?** + +You might think 'not me, I can see my stocks in my account right now... see.' ...But so can everyone else. The DTCC who is the registered owner of your stock gives each broker the ability to entitle a share into your account while it waits on actually delivery of that share. Crazy right? Your stock might not be there, in fact, if you purchased it within the last 30 days, it probably isn't. + +**But I have a Cash account!** + +I know, I know... let's back up here a minute. + +When you opened your broker account (maybe you transferred from the Robbing of Hood) you probably specifically signed up for a cash account because we all now know that Margin is an empty hollow hole of corruption. + +[cash account vs. margin account](https://preview.redd.it/mmh6a0rg7de71.jpg?width=642&format=pjpg&auto=webp&s=a5adfe26521fd4246ed92eeddb24655553fa1331) + +But also probably because you know that shares held in a cash account have certain protections that Margin accounts don't: like not being able to be shorted out from under you, because of the Customer Protection Rule, [SEA Rule 15c3-3](https://www.finra.org/sites/default/files/SEA.Rule_.15c3-3.pdf) which requires all shares in a cash account and 140% above collateral in margin to be in the physical possession or control of your broker. + +&#x200B; + +[Physical possession or Control](https://preview.redd.it/mc3o3j5p7de71.jpg?width=660&format=pjpg&auto=webp&s=db3c0907040013ecad9e189be1a044f3d2ca6aee) + +But what you may not have known, is that there are lots of ways that your broker can be in "control" of your shares. Would you like to hear about some?👀... + +I guess that's a yes. + +1. If all else fails, your broker can just borrow a share, as long as the fail to deliver lasts long enough. What's long enough? 30 days, but that's just the first round of juggling +2. Now the real magic is in this little number. + +[other.... yes other](https://preview.redd.it/d1pvit5z7de71.jpg?width=688&format=pjpg&auto=webp&s=526077f0083e30fe98ff58dc4dfa4b14e99b4084) + +So what other organizations are considered in good control of your shares... Here's a few + +* **SAMs**\- I'm not exactly sure what this program does, but it looks suspiciously like it rips up ETFs and puts them back together. Sounds safe.... right? + +[SAMS- not the warehouse](https://preview.redd.it/gto806l28de71.png?width=646&format=png&auto=webp&s=2b153dee5be317ce517fe052fbab1caf1508e33b) + +* **SBP-** Ah, the good old stock borrow program. Supposedly this little rehypothecation pool was closed in 2013, but the SEC left it named as a place of good control in the regs just in case they wanted to bring it back. Here you see that securities under control may actually be in the Anticipated Delivery Program for an additional 14 days before having to be called back to fill in for an FTD. + +[I guess T+2 was just a meme](https://preview.redd.it/rb3xghuy8de71.png?width=677&format=png&auto=webp&s=a2f4f50987f01e52362b36f4affe79961c4b586f) + +* **Obligation Warehouse-** Now this program is too cool to be named in the Customer Protection Rule itself. It works like a clean up crew for the clean up crew. This program is only mentioned surreptitiously in the Rule through mention of a program called RECAPS. + +[Recaps- redates and reprices FTDs](https://preview.redd.it/qmrf6mt59de71.png?width=638&format=png&auto=webp&s=c23125e6c96628a4e4e9f6b4c0b4e97b8c95b1ce) + +If your shares for your cash account fail to deliver in the CNS, Continuous Net Settlement, then your share gets to make a little vist to the [obligation warehouse](https://www.federalregister.gov/documents/2010/12/29/2010-32730/self-regulatory-organizations-national-securities-clearing-corporation-order-granting-approval-of-a). There it will be given the full spa treatment of being repriced and redated to get off that old failed share smell. Remember when I said the broker had 30 days to borrow or buy in your share if it failed? Well guess what just happened to that day counter. + +[Introducing the Obligation Warehouse!](https://preview.redd.it/lafzdq5d9de71.jpg?width=606&format=pjpg&auto=webp&s=eefef487cf41ada9680137040f0de0dd4f83937d) + +These fails are matched to the entity liable for the share but without the customer wondering where their share is, there is no pressure to actually buy in the fail. The old RECAPs program repriced and redated fails every quarter but the new Obligation Warehouse does it more frequently than that, about twice a month, I believe. Isn't that special.... + +So that 30 day buy in requirement is pretty much a joke as these obligations are recapped continually until they are eligible to be filled in the CNS. + +So while apes are hunting all over Brazil for the naked shorts, I'm guessing the long shorts are hanging out right here, in this special little warehouse, "Where FTDs go to die"- Wes Christian + +[RIP](https://preview.redd.it/y2n4qrumade71.png?width=537&format=png&auto=webp&s=238d229aecff781bd1bdb039b6586b03f48b7eb8) + +And whose FTDs are they? They are mine, they are yours. Brokers comingle our shares in a "segregated" account, 1 share is everyone's share and 1 fail is everyone's fail. + +But Direct Registered shares cannot FTD, a share must be found and delivered on the book of register. It's +1 for you and -1 for the DTCC, no warehouses, Sams, or Pools (unless you want one of course ♾👀) involved, smooth brained ape simple. + +Ape no fight Ape! Please be gentle 🤗🦍💎👐🚀♾ + +**TLDR: shares bought in a cash account are not safe from being a FTD. Even if the shares show up in your account, they could be being stored in the Obligation Warehouse where the FTD is repriced and redated.** + +This article from The Intercept helped me connect the obligation warehouse to Recaps and to the legally available programs considered "control" of securities. Its a multi part long article about penny stock manipulation but interesting. [https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/](https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/) + +\*This is not financial advice. **Registered shares may be difficult to sell in a MOASS situation.** Please do your own research before making any individual investor decisions. + +Here are some of my posts about Direct Registering shares to help with that. + +[https://www.reddit.com/r/Superstonk/comments/o76au8/direct\_registering\_shares\_what\_it\_is/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o76au8/direct_registering_shares_what_it_is/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/o5f8zy/preliminary\_information\_for\_direct\_registering/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o5f8zy/preliminary_information_for_direct_registering/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/oix5zk/step\_by\_step\_method\_for\_direct\_registering\_shares/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/oix5zk/step_by_step_method_for_direct_registering_shares/?utm_source=share&utm_medium=web2x&context=3) + +**FUD patrol**: I am a fan of registering shares and have done so with my forever♾hodl shares. I am not telling anyone do anything, I am only providing publicly available information for informed decision making. This is nothing but **Buy and Hodl but in my own name instead of the DTCCs name.** Also, I have slowly provided this information in an attempt to thwart off the idea that there is any urgency to register shares. There isn't! **This is not urgent!** Take your time and think it through. +In pre-market trading, the big names in tech had all dropped by 3-5% after the news of the Ukraine invasion broke. Now they're all 2-3% up from yesterday's close (except Apple, which is at about 0% change). Why would market sentiment flip this drastically over the course of just today? +First time house buyer in the US, California, Los Angeles. + +* Looking at a $1M property +* Liquid assets are around $1.3M +* My inclination has been to put down closer to 40&#37; than 20&#37; given my liquidity +* I may be in the need for cash for a second home / realize stock option in the next 2\-5 years + +My question. My assumption was that putting down 40&#37; over 20&#37; is a good idea to + +* keep principle lower +* make for a better offer +* secure better rates + +But am I naive about this? Is there ever a situation where putting down more than the minimal is a good idea? + +The money is currently invested in index funds with a return of \~ 5\-6&#37; year to date. + +Thanks so much for your input. Any additional information I can provide for some coaching please let me know. +# + +https://preview.redd.it/3wczrboinf571.jpg?width=1000&format=pjpg&auto=webp&s=f7108dda9246d3755119c3ad30362f1b233b4329 + +# Dear Apes, + +&#x200B; + +I'm normally good for a rah rah confirmation bias piece here and there. However, last night I didn't watch to see where GME finished at 8pm like normal. This morning, I always check first thing in the morning.....and I didn't. I've become oddly calm about having my life savings in one stock. I'm perfectly happy where I am with this investment. + +&#x200B; + +&#x200B; + +If they tank the price to 180 today, I'll take out a loan and just buy more. If from there, they tank it to 20 a share, I'll sell my house and buy every share I can. You see, I know they are manipulating the price of the stock. I know GameStop is raising like a billion dollars cash so they are possibly still bleeding off shares or G. Sherman is taking some profit. (Until they announce they are finished the ATM, I'll assume its on the table). I know they are going to have to unfuck the ETF mess they made the last two weeks. I have read all the DD. I know shorts can't do this forever and the longer this goes on, the more SHF's are cranking back a catapult to send GME into space. + +&#x200B; + +&#x200B; + +To me, this is the safest investment I've ever made. With 2 billion dollars cash and great leadership, GameStop isn't going out of business. That is off the table. With over a million Apes out there buying and holding every single week, they have took what could have been a couple billion dollar loss back in Jan and turned this into a catalyst to change Wall Street forever. We know the price is suppressed. + +&#x200B; + +&#x200B; + +Hear me out, for the longest time retail was dumb money. I know I was. I just dumped money into funds with high management fees and forgot about it. I didn't understand much of what was going on. This GME saga has given me 7 months to understand the system, their game, and how badly they were fucking me over before. **Education is the greatest equalizer in the world. If you arm people with knowledge, it's a lot harder to pull the wool over their eyes and tell them they can still see.** I can't unsee their lies, their corruption, their greed, and I'm here for what is owed from back in Jan with interest.... + +&#x200B; + +&#x200B; + +So now here we are. They can bid slam, short ladder, or do whatever they want. There is no clock. I can do this forever and I know they can't unfuck themselves until they start covering. They need to buy back millions of shares and I know it. I just like GameStop. **I know the price is artificial. Over 60% of all GameStop buys are ending up on OTC's and Dark Pools. You think that is normal?** The price doesn't matter, what matters is this constant pressure that is building because the DTCC/SEC are dragging their feet. The longer they allow this to go on, the bigger the problem is going to be. + +&#x200B; + +&#x200B; + +I'm Zen, if it goes up to $1000 the next 2 days, I'm holding. If it drops to $20, I'm selling my house and buying more and holding. The daily chopping, I'm used to. The $100 price drops in 20 mins, I'm used to. **I'm literally desensitized to the fuckery.** They could put out 1 million articles of "Forget GameStop". I know by simple laws of supply and demand, there are only roughly 30 million shares for the entire world after institutional investors and ETF's with Apes buying everyday.....I know Apes own the entire float multiple times and are buying more, which is why their can is getting heavier/harder to kick down the road. + +&#x200B; + +&#x200B; + +# I know I have the winning hand and that everyone is trying to get me to fold. Sorry, I know the rules and the game now; I'm not folding. See you all on the moon. + +&#x200B; + +**TLDR: I'm Zen. I'm desensitized to fuckery. I know the price is artificial and over 50% of all buys are ending up on OTC/Dark Pools. The Price is wrong and we all know it. GameStop has a bright future and zero chance of bankruptcy at this point so shorts are fucked. BUY and HODL.** + +&#x200B; + +&#x200B; + +Edit: Just noticed there are an extra 1.3 Million shares available to borrow as of 10:32AM +I’ve been investing since early this year and while I have placed some money on bigger stocks like FCX and BHP, I am planning to invest in some juniors too. I don’t plan on placing a lot on them though, since I am aware of the risks that come with investing in it. + +I am looking into three stocks which includes [Fortitude Gold](https://www.fortitudegold.com/) (FTCO). They are a small producer but a good thing about them is that they have no debts. They recently increased their dividend by 14%, and reported positive results in their Golden Mile property. + +I included [Three Valley Copper](https://www.threevalleycopper.com/) (TVC) since they’re showing great potential too. They announced a financing with a deal brought about by investor demand, financing the company with $16 million dollars. They are expected to start mining early 2022 and will potentially produce 13-16 thousand tonnes of copper cathodes in a few years. + +I’m still looking into other juniors to add to my bigger mining stocks but some peers have been encouraging me to hold physical metals as well. I’m not really sure about this though. It would help me a lot if you guys share your thoughts. +&#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) +https://finance.yahoo.com/news/why-twitter-twtr-stock-sinking-171405399.html + +“The research firm suggested that the Senate would be particularly interested in learning that Twitter is reportedly on track to generate about $400 million this year by selling user data. + +Citron also pointed out that Twitter’s data licensing revenue in 2017 was $333 million, and with the firm assuming 100% margin in this segment, it argued that the sale of user data likely accounted for about 80% of the company’s total profits last year.” +The theory is that if you make through the first 5-10 year of retirement, then you are out of the danger zone. The question is what's considered a "success" in terms of money? Is it still having 100%+ of the initial stash you started out with? or 80%? Or that you survived a recession? It's always been fuzzy for me. Can someone please explain? +A lot can happen over the cycle of a traders learning experience. One of the most damaging ive experienced is the blaming myself when I get it wrong. Im an engineer working to become a full time trader. Im studying everything I can and starting to see some progress. It can seem im horrible at everything when im trading in a draw down. +"I suck at sports" "Im terrible at my job" "No one will ever care" "I will never matter". + +My wife even asked me the other day, "why do you do that to yourself?" The answer dear is that hope to be good at something and it's fun to feel yourself getting better. + +Trade the trade, not your issues. + +Those things we tell are self are very dangerous lies too harshly. In time we will make it if we put in the effort to get better. + +You can be the guy getting it right eventually. + +Also CRSP to infinity and beyond! +Hi guys I guess this is just a vent but I’ve recently posted in here about how I’m living in the car with my family & how I’m going to document it the whole way through until we’re back on our feet, But this is getting exhausting. Every thing requires money. We have no friends or family we can even go hang out with during the days we’re not working & the process has been mentally draining. I’ve been in non stop work mode trying to save money but I’m spending so much just accommodating us being in a car. Sometimes I don’t even get more than 3hrs of sleep because I can’t get comfortable in the drivers seat, the car is constantly running & I’m afraid it’s going to break down half the time because of it even though it’s a decent vehicle. On top of that the trunk is so packed with stuff it’s hard to find anything we have! & we have bikes on the back which I constantly have to remove to even open the trunk 😡Today I’m going to attempt to take a shower because we just signed up for a gym last night but I have so much anxiety that someone’s going to kick us out for some reason just because we’re homeless & using it for showers. Probably my own issue but living like this your mind starts running rampant. I’m exhausted. +edit: Accepted u/SIR_JACK_A_LOT 's challenge to race to $10M -- [it's on](https://www.reddit.com/r/TheRaceTo10Million/comments/ntdl39/the_game_is_afoot_sir_jack_a_lot/)!. + +My one-of-a-kind recipe for a WSB-worthy YOLO (updated). + +1. Mix 1 part tardation and 3 parts Melvin Capital's money +2. Shake with ice. +3. Garnish with diamond hands and a steel testicles +4. Serve to wife's girlfriend while fresh + +[$646K of call options](https://preview.redd.it/elwxkwzz0c371.png?width=750&format=png&auto=webp&s=6c13a579b3aee6d095997534e4e26f6ccc0c7b8a) + +With proof of the 100 new contracts picked up today. + +https://preview.redd.it/o135d64y1c371.png?width=1782&format=png&auto=webp&s=d913dabada4ab1270cbd69f25ace8a6e5b1d33d3 + +&#x200B; + +&#x200B; + +https://preview.redd.it/ty74q6631c371.png?width=1785&format=png&auto=webp&s=83c2cf6e44b910161c907a7c82d9f3184117efaf + +&#x200B; + +https://preview.redd.it/4tydmj641c371.png?width=1792&format=png&auto=webp&s=91997e377ae031a1135f67cbb5ac76cd274bf96d +I know to some this is hard to imagine, but if you actually hold crypto longterm, your chances at making profit are much greater. + +In simple words: + +Time in the market > timing the market. This is because you can’t beat the algorithm and high-frequency traders. They hire both a analysts and software engineers to beat you. Instead, simply invest money you can afford to lose and don’t need access to for two - five years. + + +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* +So Im with O2 Pay Monthly, and they are charging me £23 per month for 10GB data and unlimited mins, text etc. + +However, when I look at their Pay as You Go deals, if I top up £10 per month Id get 14gb, unlimited mins,text. + +So why on earth would I stick with Pay Monthly? Is there some added benefit Im missing? + +Update: So yes Im being ripped off by O2. Ive contacted them and they offered me 10 gb for £10 and insisted that was the best they could do. Im going to now shop around. Its tough because the area I live in they have the best signal. + +&#x200B; + +&#x200B; +In a recent post I read, someone made a comment that intrigued me. I don’t recall the exact comment but it said something like, the longer this goes on, the more dumb money exposes how much the stock market is a scam. + +In that same line of thinking, I believe that if there’s one thing that finally woke up the SEC to do something it is because they are trying to get rid of the problem as soon as possible so that apes don’t have more time to expose more of the con. So in a way, they are looking for a way to pay us to just shut up about it so they can continue on with their game. Whether right or wrong, just from this, the best thing apes can do is to continue making noise because we know they don’t want the word to get out otherwise, the whole market con can no longer exist. + 📷Scroll back up to restore default view.📷 + +# Google misses on expectations as YouTube ad revenue comes up short + +Google parent Alphabet reported its Q3 earnings on Tuesday falling short of analysts' expectations on the top and bottom line, as YouTube advertising revenue came up short. + +These are the most important numbers from the report compared to what Wall Street was expecting of the company, as compiled by Bloomberg. + + The digital advertising market has been struck by a slowdown in spending in the past few quarters, as companies pull back their budgets amid rising inflation and interest rates. +Just coming off Scotties announcement, generally the difference from Sunday's announcement is: +As per midnight tomorrow, the following will not be allowed: + +Auction houses, including open houses + +Personal services including beauticians, tanning, tattoos, massage parlours +(Barber/ hairdressers still on) + +Arcades and amusement parks + +Community and recreational centres including barres?, Saunas, bath houses, galleries, museums, libraries, community halls, clubs, PCYC, RSL, and places of worship + +Weddings - limited to 5 people + +Funerals - limited to 10 people + +What does everyone think? + +Edit:formatting +I'm drowning, feeling helpless. Single male in my early 30s and I've got nothing. Feeling like my peers are running circles around me. + +I fell on hard times during COVID and am now just getting back on my feet, sort of. During the last 18 months I've spent all my savings to pay the bills and filled in the gaps with credit cards, not ideal but I didn't know what else to do. + +I've attached a screenshot of my expenses, debt and income. Income is after taxes. These numbers are before I buy any food/gas/necessities. I'm drowning. I'm in the red every day. I don't know how to get out of this. + +My current Job is monday-friday, 8-5 with some overtime here and there. I am thinking of getting a job in the morning on the weekends. I have equity in my car, and trying to sell some expensive toys I have from before everything fell apart and I was making $100k/year. But that doesn't get my in the black by a long shot + +I don't know what to do, I'm feeling helpless. Any and all advice or feedback/critique is very much appreciated. + +[https://imgur.com/a/sz47M9b](https://imgur.com/a/sz47M9b) +Ken Griffin, the owner of Citadel Securities, who lied under oath in a congressional hearing and is still breathing free air should be lit the fuck up on any and every post. Stop calling him by his nick names. He needs to be in prison for his crimes and SEO helps spread the details about the ponzi scheme he continues to operate +It was a long slog of regular DCAing, but I'm about to finally see a full bitcoin in my ledger. No real point to this post except I'm proud to finally get there. For all of you still battling through, you're improving your future day by day. +i recently made a post last week about gaining 60% last week. but just today i lost 90% of my portfolio. i don’t have a part time job. it’s all i really had. how do i handle and process such an impact? +i don’t want to give up, i love trading and have been learning and doing it for about a year and a half now +&#x200B; + +https://preview.redd.it/4uk3stx5jew91.png?width=1012&format=png&auto=webp&s=44eedfe20e9455a184edf18b674639372eef0dcb + +If anyone is interested in this trade review, here you go. This is a picture of SPY on the 1 minute chart. After quite a heavy selloff early morning, you can see that SPY reversed and quickly recaptured the 9 EMA.(White Line) This is where I got interested. I watched carefully as the market pushed up to VWAP(Blue Line) and to no surprise, this is where SPY began forming a textbook Bull Flag. At this point, I was waiting for some confirmation that this setup had potential for follow through. As you can clearly see, price touched the 9 EMA and held up nicely. All I was waiting for then was a break above VWAP and the top of the flag. + +I'm a scalper, so once I enter a trade I am looking for price to move rather quickly and if I sense weakness then I stop out with little to no hesitation. This mentality has made me miss out on some nice run-ups but it has also saved me a great deal of money so I am okay with that trade-off. In this specific trade, price took off almost immediately and I took profits at the top of the first big green candle right at about 383.50. + +Lastly, I just want to speak on how powerful of a strategy this is. The Bull and Bear Flag setups require patience like anything else, but I cannot tell you how many times I have seen such a big push on the flag break. Trading is probabilities, and this puts the odds in your favor significantly in my humble opinion. For experienced traders, you all know this. I'm more so speaking to the trader that has yet to find consistency in the markets. It's so important as a beginner to stick to one specific strategy like glue and let the probabilities work themselves out instead of jumping from one thing to another. This does not provide consistency. It doesn't have to be the flag setup, though I do highly recommend it. Anyway, I hope this helps. Happy trading! +My wife and I are used to being fairly high earners ($200k+/yr), particularly over the past 5 years as for a time we were working two full time corporate jobs alongside our growing business (that we both went FT with this past January - again making over $200k). We are in business as wedding photographers, and the realization set in earlier this year that we've created less a business, and more a job for ourselves - one that we've managed to make pretty high paying, but the other side is it's become very exhausting, and this year was very eye opening to that and the detrimental effects of our work on ourselves physically and mentally, as well as on some of our family & friend relationships. + +Going into next year, we decided to cap our bookings to make more space for ourselves in the mix while we work on other revenue opportunities (like hiring a team and some digital products). As it is, we have a sense of our expected revenues for next year already, but the big uncertainty of how some of these new things pan out - could end the year making $100k (gross, probably more like $70k net), could end it making more. For 2023, we've also decided to slow bookings further to make space for having a kid together (a decision we decided to not make based on finances but based on what we want in life), and expect probably even less. + +I try to look at all of this as objectively as possible and know that even if we "make less", we're not exactly walking the line with poverty (like we did earlier in our relationship and careers - something we both would like to avoid). We've worked hard to get where we are - reducing most of our debt (we only have our mortgage with a 2.75% rate) and have around $700k net worth (investments, home, cash, other assets like our cars). Our yearly personal expenses are around $30k to maintain our lifestyle, could reduce to $25k if we wanted to be more lean. + +My question then is - has anyone here experienced big swings in income and still managed to stay on course to FIRE? Whether it was unintentional (like being laid off) or something like my situation where I'm just planning to work less? + +Any other considerations you've thought of being in this type of spot? +This might get long, sorry. Thanks in advance for reading all this, it's appricated. + +Background on the windfall. The company I work for was acquired by a larger company. I have founder's shares, and own 1.33% of the company which will net me around $250k after taxes. It will be 18 months until I have liquid access to the funds (long boring unimportant tax related story). Basically, I've won the "wage slave lottery". + +A short bit about me. I'm 30, married, we just had our first child this month. I own a home, owe ~$200k on the mortgage, which is just about what the house is worth. No other debt, or major assets for that mater. I earned ~$85k last year, however I was laid off due to the merger (I know right? Talk about a severance package...) but have lots of savings and I am currently taking time off to spend time with the newborn. I will be getting a job making $60k-$80k at some point in the near future. Not too concerend about the short term here, lets think long term. + +I've been seriously racking my brain on what I should do with the money. My goal is obviosuly to get the highest possible return with a level of risk I can tollerate. Not buying myself anything fancy. I want this money to do work for me. + +I could pay off my mortgage, but at current interest rates it's hardly the best use of the money. It would boost my monthly cashflow by $1000 if I didn't have a mortgage, and make life a lot easier. But I'd hardly get "rich" by living rent free. + +I know you guys are all about the markets, but building a diversified stock portfolio or putting it all into index funds isn't really my style. However you are more then welcome to convince me this is the way to go. + +I've considered *several* real-estate deals. Everything from flipping houses, buying up income generating rental units to getting a massive mortgage, buying an apartment building and being a slum lord. The property market here kinda sucks, at the top of a bubble and the best projections are that values will just keep up with inflation. + +My friends want me to start up a business. Because I'm good with comptuers they think I can be the next Facebook or something. It's not that easy. I tried the "self employed comptuer guy" route a decade ago and it was a total flop. As most of you know more than 50% of new small businesses fail within 5 years. Starting a new company is higher risk than I'm comfortable with. Might as well bet the money on black at the roulette table... + +I've considered franchises. I'm holding the disclosure statemet from the "voted #1 franchise for 10 years" guys in my hand right now. The numbers frankly *suck*. How would you like to spend $200k to open a restruant where you can work 70 hours a week for $60k a year in net profit? Oh, and they can take your franchise away with no renumeration if you don't meet their company standards 3 times during a random inspection. Sounds like a GREAT deal to me... + +Also with a franchise you are buying a known working business model, but not a known working *location* for that business model, which is really more than half the battle with a retail/restruant business. + +So I'm now leaning towards buying and running an already established company. My logic is that a company with an established business model, established customer base and established location, that has a verifiable net profit is a much safer investment. What's even better is that companies in this price range seem to be selling for ~1X their net revenue. So if I were to spend $200k on a business, keep $50k in reserve for operating expenses I would recouperate my initial investment in just over 1 year's time. The ROI here is just MASSIVE compared to other options I've considered. Even if I pay myself $80k per year I'm still basically doubling my money in 2 years. I think you would have to be willfully negligent to run a company that has been profitable, and in business for 5+ years into the ground before you got your money back out of it. Besides, I plan to increase the value of the business I buy, not destroy it. + +So I've set myself some "rules" for shopping for a company: + +1. Been in business more than 5 years + +2. Been profitable for at least 5 years + +3. Books that survive an audit, showing profit as advertised + +4. Access to the owner's tax returns for the length of time the business has been running + +5. Under $200k purchase price to leave me with a cushion to operate + +6. Net profit greater than or equal to 1x the cost of the business + +Now, I've already identified 2-3 business for sale that would meet this criteria in my local area. Obviously these will not be available after 18 months, but I am using them as a sort of "case study" on what will be available when I'm in a position to buy the business. + +One thing that I think I have going for me is rejecting the "do what you love" advice that people seem so quick to dish out. People open a bakery because they love to bake, or a book store because they love books and never stop to consider the *numbers* of their industry. I'd gladly run a toxic waste disposal facillty if the numbers were good enough. I want to make the most amount of money possible, so that I can retrire at 50 and then really start to "do what I love". + +Also I should mention that while I have a long standing love of business and economics, I have no formal training in either. I'd like to take a good business course, or at the very least read some excellent books over the next 18 months to prepare myself for this, so if you have any suggestions about learning to be a shrewed businessman I'm all ears. I'm currently reading The E-Myth Revisited. + +So there you go, I've laid all my cards on the table. Tell me I'm a fool. Cheer me on. Try to scam me? I'm here for your advice, both negative and positive. + +What would you do? + +-Talk_Me_Out_of_It + + +Not a single person knows what the markets are going to do next week, but I’m sure there’s gonna be 50 million posts over this weekend of people asking what the markets are gonna to do next week and all the bears will do their typical “the markets will collapse its the end of the world” and the bulls will do the typical “stonks only go up” and each person will upvote whatever confirms their preheld opinion, just shut up already nobody knows shit +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. + +So the idea of PE sounds completely awesome: buy shitty companies, and turn them into awesome companies. + +But then I read about what PE people do from various articles, AMA's, etc... and it seems like they pretty much sit in offices and crunch numbers, mostly figuring out how to structure deals, and whatnot. + +That can't be all there is to it though. Simply doing the proper underwriting of a deal, or even firing a bunch of inefficient staff won't enable you to turn a local coffee chain you purchased into the next Starbucks (to use a poor metaphor). + +It seems like there must be a lot of "soft" decisions (for lack of better terminology). So who is making these decisions? Are the people at the top of the firms basically Steve Jobs type guys? Or how does it work? + + +Sorry if this is the wrong place to put this. I'm not really sure where to ask this question. Thanks! +26/F. I barely make enough to survive in the lovely sunny state aka California. I’m ashamed because I don’t like my job, yet I want to move out. I can’t move out if I don’t have enough income to make a living. I could quit but that means I would live with family and risk getting evicted if I can’t pay my bills. I feel like my mental health has been bad ever since I moved back home from college. I want to grow, but my parents are holding me back. They are preventing me to grow as a person and I have a damn curfew. This is affecting my dating and social life. The people I have dated refused to continue pursuing me due to strict housing regulations I have to deal with. Worst part… I got no room. Growing up, I have extremely Asian parents. Because I’m a female, I’m treated differently than my brothers. I get my family is not privileged enough to buy a home and this is what we settle but I’m already going insane since they are causing me trouble. My siblings don’t give me boundaries while I’m working from home and my parents still need me to tell me where I’m going if I decide to head out. They got mad at me a few days ago just because I want to take a walk around my neighborhood in the evening. I don’t mean to sound like a brat, but I want to start taking action by making small moves to move out. I’m not good when it comes to budgeting and the BMR/Low income housing sucks. I don’t have friends to move in with. I’m pretty much not happy and this is why I’m ranting. :( +TL:DR 💎🙌 = 🦍🚀but read anyways. + +My monkey brain has been reading wsb far to long and I decided to put together a quick list of reasons why I think the squeeze will happen (or not, fuck you I lick doors), I sourced everything so that if you learn to read in the next little while you can give it a shot with those. This is not financial advice, I am not a financial advisor. + +A) GME has been on the NYSE Threshold Securities List for over 35 days. The streak of FTD (Failure to deliver) of shares continues. Where are the shares? + +* [https://www.reddit.com/r/wallstreetbets/comments/la8ox3/at\_these\_levels\_its\_not\_about\_the\_price\_of\_the/](https://www.reddit.com/r/wallstreetbets/comments/la8ox3/at_these_levels_its_not_about_the_price_of_the/) via /u/peteskies +* [https://www.reddit.com/r/wallstreetbets/comments/lac6gk/sec\_data\_out\_they\_dont\_have\_shares\_to\_settle\_so/](https://www.reddit.com/r/wallstreetbets/comments/lac6gk/sec_data_out_they_dont_have_shares_to_settle_so/) via /u/tendy_capital + +B) The last 3 trading days have had abnormally low volume. It's not coincidental that when the sentiment for $GME is at its all time high and price mooning, trading is/was being suppressed. Last week was an obvious attack on retail investors ability to purchase shares and gatekeeping from upward momentum. An obvious tell that they would and did incur massive losses. + +* Sentiment: [https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment](https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment) +* [https://www.reddit.com/r/wallstreetbets/comments/laa0q9/this\_is\_what\_holding\_the\_line\_looks\_like\_look\_at/](https://www.reddit.com/r/wallstreetbets/comments/laa0q9/this_is_what_holding_the_line_looks_like_look_at/) via /u/burninmedia + +C) Since then we've seen Short Ladder attacks everyday to force stop losses and paper hands in order to cover as much as they can. We saw on full display the perversion of MM's/HF's trying to fuck the average joe for their negligent behavior. We've recovered every time. This is an orchestrated attack. This could of ended long ago if they just covered. + +* [https://www.reddit.com/r/wallstreetbets/comments/la5upr/dont\_panic\_and\_just\_look\_at\_the\_fucking\_volume/](https://www.reddit.com/r/wallstreetbets/comments/la5upr/dont_panic_and_just_look_at_the_fucking_volume/) /u/helmu + +D) Brokers no longer have shares to borrow for short sale. + +* [https://twitter.com/AlphaRRCapital1/status/1356277059945955330/photo/1](https://twitter.com/AlphaRRCapital1/status/1356277059945955330/photo/1) + +E) Speculation that the shorts have been trading counterfeit shares, this isn't a unique situation and I wouldn't be surprised is this is happening. They could be trying to cover their tracks of this as well as prevent catastrophic losses. + +* [https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the\_real\_reason\_wall\_street\_is\_terrified\_of\_the/](https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/) /u/johnnydaggers +* further reading: [http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html) + +F) The losses incurred should strengthen your convictions about the thesis of $GME. Melvin needed to be bailed out, RH CEO lied publicly about liquidity and required a bailout today. I'm sure more will also be taking further losses in the days/weeks ahead. HOLD STRONG, they are trying to bait you through volatility, disinformation and attrition/fatigue. We are gamers HOLD STRONG, consider this a time-gated mission before getting your legendary weapon. + +G) The aggressive and blatant ramp-up of disinformation through media is immensely revealing. The billionaires are scared and getting their stooges to throw all the FUD at the wall to see what sticks, to ensure we don't hit the "grand slam" as Cramer put it. They are shilling silver (perfectr example), stating arrogantly that reddit is in on silver while out of GameStop ,or both (the swaggystocks sentiment tracker shows the complete opposite) and finally of course saying last week that the shorts are covering. Today's media was down right egregiously incorrect. + +* [https://i.redd.it/hqyf4qyxhwe61.jpg](https://i.redd.it/hqyf4qyxhwe61.jpg) /u/giov1234 +* [https://i.redd.it/fj495vh52we61.jpg](https://i.redd.it/fj495vh52we61.jpg) /u/spylord5 +* [https://i.redd.it/wuapmjpvcve61.png](https://i.redd.it/wuapmjpvcve61.png) /u/ItsLotsofLead + +H) A large amount of January 29, 2020 calls (strike 115-325) finished itm. These shares will require fulfillment by tomorrow. This is a huge amount of obligated buying pressure. + +I) Bloomberg terminal still showing over 120% SI. However there will be a clearer update of the short interest in the coming few days. I want to say the date is Feb. 9, 2020. IMO shorts have not covered. + +* [https://www.reddit.com/r/wallstreetbets/comments/laadzm/heres\_the\_full\_image\_from\_bloomberg\_terminal/](https://www.reddit.com/r/wallstreetbets/comments/laadzm/heres_the_full_image_from_bloomberg_terminal/) via /u/aBetterNation + +J) FINALLY, THERE IS ONLY ONE GME. NOTHING ELSE REPLICATES THE CONDITIONS. I LIKE THE STOCK AND RYAN COHEN. FUNDAMENTALLY I BELIEVE GME WILL REPLICATE CHEWY. ALWAYS HAVE A TARGET BUT I'M HOLDING. THIS IS A WAR, WE CAN REMAIN RETARDED THAN THEY CAN REMAIN SOLVENT BUT THAT STILL MEANS IT TAKES TIME. DONT BE PAPER HANDED AND STAY RESOLUTE. + +I believe that these 10 factors are converging and I'm holding. + +TL:DR 💎🙌 = 🦍🚀 + +Disclosure: Been in since $<20 and have 2023 LEAPS. + +If anything information is inaccurate and you have supporting information, I will update and add edits accordingly. +Alright everyone, here we go again. I am going to try to spare us all a ton of detail because we have been reading a lot of it for the weeks now. Atobitt got deeper into the rehypothecation theory so we should understand that to a degree; but this will reiterate it and more, and I feel that we can do better with how the system works. + +I, personally, have tried to *actually understand* the information we all keep throwing out, and I think I have a pretty good grip on it (mind you I am not an expert and anyone who can poke holes in this, please do \[not you shill, fuck you\]). + +Obligatory “**this is fucked**” at the beginning of anything I write, and the fact none of this is financial, legal or advice of any sorts. + +[https://www.newyorkfed.org/medialibrary/media/research/epr/2012/1210cope.pdf](https://www.newyorkfed.org/medialibrary/media/research/epr/2012/1210cope.pdf) + +TL;DR: FUCK YOU READ IT. But I know, none of us want to read anything so here it is (read the last bold paragraph too because it ties it all together). This document seems to tie together how Hedge Funds, Banks, DTCC and the Fed have all been trying to get their numbers to work out. The long hours overnight, the fed system going down, the stopping of sales through brokerages; the rules are in place since the 2008 crisis to allow for A LOT more margin lending with the proper stress tests, solely based on math, tri-party repo transactions, and haircuts (no, not the hair kind). + +· This all ties to GME because it seems that they all have a serious liquidity crisis (because of their margin lending and because GME isn't going bankrupt \[obviously\]), and the price has been kept down artificially (BY EVERYONE) + +· They basically don’t want a mass sell-off of securities (for anyone) + +&#x200B; + +https://preview.redd.it/awjppqzeqev61.png?width=350&format=png&auto=webp&s=f2ca6da08793817b49cc429722b3f4f75d258a11 + +“Because a repo is effectively a collateralized loan, the key terms are the same for both: borrower and lender, maturity date, cash loan amount, interest rate9, collateral eligibility, margin schedules, and the treatment of the contract in the event of either party’s failure” + +Here is your best explanations of what a repo is. It basically dictates how the agreement they (two parties) have in place (Master Repo Agreement \[MRA\]) will be executed or terminated, and *how the margin will be maintained* (bear in mind this is how they loan money; based on the collateral that is available). + +So, lets pretend for a second that we are a massive hedge fund or securities broker that holds our clients shares in Street Name. Now lets pretend that a lot of what we have purchased has been purchased with loaned cash (margin). So, these shares held in street name are held in what we know as cede & co (basically a partner network within the DTCC). Apes are buying all the shares and locking them in in the delivery period, and you need to keep buying shares that you can’t find because they are all sold (see what I am getting at here?). We will revisit this shortly. + +&#x200B; + +https://preview.redd.it/l00w4jlqqev61.png?width=347&format=png&auto=webp&s=0eebdac106a2e159068ca81097d18af903865179 + +“Dealers use the tri-party repo market mainly to obtain largescale, short-term financing for their securities inventories at a low cost. They typically use only one of the two clearing banks to settle their tri-party repos. Large cash providers maintain accounts at both clearing banks in order to transact with dealers at each of them.” + +Anyone care to guess who these two banks are? JP Morgan and Bank of New York Mellon. And who wants to see what the lending rates are for certain securities and bonds? + +&#x200B; + +https://preview.redd.it/9p54gtstqev61.png?width=749&format=png&auto=webp&s=e556398c9edaf2b499b19c067f7da78e265a8dc4 + +&#x200B; + +[That a lot of treasury collateral value...](https://preview.redd.it/q9jhywzuqev61.png?width=688&format=png&auto=webp&s=a7e355e11e3484710803d3128283961e7db74338) + +I can literally feel your eyes glazing over from here, so you ask, how does this tie to GME and what happened hell-mitc? + +Well, lets reexamine for a minute. + +In this document, it outlines how “The GCF market has several functions for dealers. Some use the market for a substantial share of their inventory financing, on an ongoing basis….Dealers also use GCF repos for collateral upgrades, borrowing cash against agencies’ MBS collateral and reinvesting the cash against Treasury securities. They may choose to do this because it is easier to finance Treasury securities than agency MBS” (maybe...uhhh...because they're backed by the people?). + +We have an extensive group of hedge funds, shorting a stock they were sure was going tits up, and now, their positions have exposed them (and their dealers) greatly. If we go back to how they are clients and customers (also in a cash sense**), then they are using this system of borrowing against their securities AND the Treasury securities they hold.** + +Here’s another line that tickles me a little, because this is how our banks tie into this; “A large dealer might have tri-party repo relationships with, say, twenty or more significant cash providers. Each relationship can involve many different deals on a given day.” + +**HAHAHAHAHA** + +So, it would appear that our banks, the Fed, our favorite hedge funds and us, have been putting money into the system on the assumption that (1) enough would sell soon enough to offset the purchase of the physical security, and (2) the eligible collateral can be borrowed against as long as you take a little haircut. + +But what if your hair gets too short? Well here is where I am pretty sure it all ties together and the entire system is against us while we wait for them to change the math. + +1. An industry that doesn’t work past 4pm has been up for all hours of the night meaning chances are some legislations has changed that we aren’t privy to (not just DTCC) +2. The Fed uses proprietary software (Fedwire® Securities Service) that helps to determine credit, collateral, leverage, margin, etc. Check it out [https://frbservices.org/financial-services/securities/index.html](https://frbservices.org/financial-services/securities/index.html) + 1. We watched the Fed system go down and GME skyrocketed, something happened that caused them to either take the software offline, or juggle the impending margin calls that were about to unfold + 2. [https://frbservices.org/assets/resources/rules-regulations/operating-circular-7-102917.pdf](https://frbservices.org/assets/resources/rules-regulations/operating-circular-7-102917.pdf) + 1. THIS DOCUMENT IS FUCKED, it explains why the Fed wont be responsible for defaults, but also the legislation required. It is called **Operating Circular No. 7.** There are a lot more, but this serves its purpose in relation to defaults of a member and overleveraging. + +So, we have reached a point where I am kind of coming to a conclusion that this isn’t contained to any specific organization or entity. In the New York Fed document: + +**“The exposure of a clearing bank to a single dealer can routinely exceed $100 billion (Federal Reserve Bank of New York 2010). In the event that a dealer fails, its clearing bank could, in an unexpected situation, discover that the market value of the collateral provided by the dealer is insufficient to cover the amount owed to the clearing bank. The stability of the clearing bank could also be threatened if it decides instead to hold the collateral on its own balance sheet, thereby increasing its leverage. The vulnerability of a clearing bank to a troubled dealer is intensified by “wrong-way” risk, meaning that, in a crisis situation, the failure of a dealer may be correlated with a sudden reduction in the market value of some securities that collateralize the dealer’s tri-party repos. Moreover, an attempt by a clearing bank to lower its exposure to a failed dealer through a sudden “fire sale” of the collateral could itself reduce the value of that collateral, thus exacerbating the losses to the clearing bank and to other market participants that hold positions in the same or similar assets. This danger buttresses the importance of the Primary Dealer Credit Facility (PDCF), introduced by the Federal Reserve Bank of New York during the financial crisis (Adrian, Burke, and McAndrews 2009). The PDCF provided an alternative source of financing for collateral that might otherwise have been liquidated in a fire sale; such a liquidation could have potentially destabilized the markets and eroded the capital of these asset holders.** + +**HOLY FUCK** + +They are literally trying to avoid a market sell-off of broker securities because the fire sale will cause the market to crash. They went through this in 2008 with Lehman and Bear. They are about to go through it again, and have tried to stop it before it gets too crazy. Soooo many banks are exposed to Citadel et al. that they pretty much don’t want anyone to be able to scoop up the shares at discount prices without having something in place first (anyone see that little DD today??). I would also speculate that the Archegos and Credit Suisse debacle are warnings to everyone, not us, everyone in the industry. They know this stuff already, we are just figuring it out. + +So, we have a nice little foundation where everything is getting kind of crazy. It would seem that the banks are now competing for who gets a piece of the pie, or who goes bankrupt, ORRR they are *all* really trying to wait us out and see if we will sell (HAHA FUCKING GOOD LUCK 2 WEEKS, 2 MONTHS, 2 YEARS, ILL BE HOLDING MY SHARES AND BUYING MORE). + +Anyway everyone, I hope this helps, and I hope we can all keep moving forward. Might be a little battle but I get the feeling we are on the right track and can make a difference if we keep plugging away. + +References + +1. [http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=4&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=196&f=G&l=50&co1=AND&d=PTXT&s1=fedwire&OS=fedwire&RS=fedwire](http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=4&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=196&f=G&l=50&co1=AND&d=PTXT&s1=fedwire&OS=fedwire&RS=fedwire) +2. [https://www.newyorkfed.org/medialibrary/media/research/epr/2012/1210cope.pdf](https://www.newyorkfed.org/medialibrary/media/research/epr/2012/1210cope.pdf) +3. [https://www.newyorkfed.org/tripartyrepo/margin\_data.html](https://www.newyorkfed.org/tripartyrepo/margin_data.html) +4. [https://www.newyorkfed.org/banking/tpr\_infr\_reform.html](https://www.newyorkfed.org/banking/tpr_infr_reform.html) +5. [https://www.dtcc.com/clearing-services/ficc-gov/gcf-repo](https://www.dtcc.com/clearing-services/ficc-gov/gcf-repo) +6. [https://frbservices.org/financial-services/securities/index.html](https://frbservices.org/financial-services/securities/index.html) +7. [https://frbservices.org/assets/resources/rules-regulations/operating-circular-7-102917.pdf](https://frbservices.org/assets/resources/rules-regulations/operating-circular-7-102917.pdf) + +Edit 1. Here's the DD from earlier. + +This one. + +https://www.reddit.com/r/Superstonk/comments/my1hio/friday_the_dtcc_approved_wabra_morgan_stanley/ + +He explains it in the comments, basically there is now an approved dtcc firm to help with the liquidation process so it doesn't hit the market. We actually might be in a completely fraudulent system towards retail investors. +Just received news from my boss that someone in our building has tested positive on the virus and I've been feeling pretty shit for the last couple days myself. I've also been commuting in extremely busy train stations. It's been a pleasure making tendies with you. Greetings from Europe. F for myself. + +Edit: got a message from my dad: "if you really have the virus, don't come here". Thx dad +DraftKings and the National Football League (NFL) announced today that DraftKings will become an Official Sports Betting Partner of the League and extend its current relationship as the exclusive Official Daily Fantasy Partner. + +“The way fans consume sports years from now will look drastically different, and it will be due in part to forward-thinking collaborations like our expanded relationship with the NFL today as an Official Sports Betting Partner and the exclusive Daily Fantasy Sports Partner,” said Jason Robins, CEO, chairman and co-founder, DraftKings. “We share the same vision as the NFL on fan engagement and believe this agreement will lead to new innovations that will ultimately enhance both the product on the field and on the screen.” + +As an Official Sports Betting Partner of the NFL, DraftKings will have the right to integrate relevant sports betting content directly into NFL Media properties including NFL.com and the NFL App. As part of the agreement, DraftKings will utilize the NFL’s official League data feed. DraftKings will also be able to enhance their fan experience with NFL highlights, footage and Next Gen States content. + +https://www.globenewswire.com/news-release/2021/04/15/2211253/0/en/DraftKings-Named-an-Official-Sports-Betting-Partner-of-the-National-Football-League.html +I received a call from the property manager today who told me that the owners want to increase the rent but because they have already done this in the last 12 months and legally can’t either I accept another rent increase or they will issue a termination notice and I have to leave in 90 days. How is this legal? I am absolutely fuming. When they increased the rent last time they told me I needed to sign a new lease, but I never received any paperwork from them so I am month to month, I should have followed them up but never anticipated this scenario. Oh.. and the reason given to justify their actions is that interest rates have gone up and they need to cover their mortgage… nice. +I've derived no value other than a pair of glasses annually and the occasional dental clean, and cannot justify paying over $120 per month in health cover. Going to cancel cover, will the levy be more costly? What's everyone else doing? +Im looking in Missouri around Kansas City and Saint Louis area for turnkey sfh or multi family as I’m out of state. I’ve spoken to some realtors in the the area who says this market isn’t crashing and expects to see positive growth and that I should get in still. A lot of these homes are still listing based off previous year sales before the rapid increase in rates. It doesn’t seem smart to buy high on the home and lock in high interest rate with the realtors recommending I go over as well. How are these good investment if I’m negatively cash flowing with speculative equity gains in the short term. If the market goes down for a correction or crash then I’ll be paying out of pocket for awhile before I even make money. +I’m currently doing virtual wholesaling. + +I have a virtual assistant sending about 40 “soft offers” per day to realtors on websites like Redfin for properties that meet my criteria. I’m basically seeking out run down properties that need some work. + +Once the assistant identifies a target property, they try to use icomps.com to find the value of 3 similar properties. They then get the average of those 3 and send a simple email to the realtor giving a “soft” offer of 60% - 70% of the average. It’s soft in that it’s very informal. I encourage them to just delete it if they know their client would never consider it. + +I recognize this is a shotgun approach and out of every 100 offers, only one or two may have some potential. + +My question is this - what’s the best way to identify a diamond in the rough? Of the realtors who respond with a counter offer, I’m having a tough time digging deeper into these properties to determine what a good asking price would be. I feel like I can send a contract over with an asking price of 60% of the average of the 3 comps (same bedroom, bathroom, +/- 300 sf, +/- 10 years) but I’m not entirely sure if this is the best way to determine the appropriate asking price - I feel like there’s a better way. I’m not sure the best way to incorporate rehab costs into the asking price since I can’t see the properties in person as I’m nowhere near the actual market. + +Any help or advice would be much appreciated. Thank you +Sorry if this has been covered, but with the BRRR method, aren't investors just getting into more and more debt? Am I doing this math right? + +Example: Buy house for 120k with a loan, reno for 30k, appraise at 200k, cash out refinance 160k. + +Now you have 130k hard money (160k - 30k reno), 160k in debt, and 40k equity in a house currently appraising for 200k. + +This isn't even accounting for fees. Still, do it 10 times and you have $1,600,000 in loan debt. + +In theory real estate value will go up over the long run, but if there is a crash- and there will be eventually- won't people be buried in debt for possibly 10 years or more? Even if there is no crash for many years, that debt seems like a huge liability. Is this just the risk people are taking to bet on real estate, or am I missing something? +Currently developing my rental deal analyzer spreadsheet. Should I assume rents will increase by a few percent each year to match inflation? Is something like 3% standard? +I'm looking to make an offer at around $450K. My mortgage would cover $400K and I would put down $50K. It's a section 8 home and the current homeowner is applying to get market-rate rent which is apparently $2300. Where did they get this market rate number? Just from location data? Now the homeowner wants to sell it, but it sounds like they want to keep the tenant in the building... Is that possible? + +Saying the rent is $2300, I am paying about $1985 per month to cover the mortgage, insurance, etc. Property Tax seems to be about $6000 per year. So I am losing $2000 per year.... but I get this nice lot in which I can build a duplex and convert the original property into an ADU. + + +For what it's worth. I also make about $55k in salary and about $40K in commissions pre tax. Are the mortgage write-offs saving me that much money in taxes? + +&#x200B; + +As a pure investment, this seems pretty bad investment, am I right? But I also get a place to live in as opposed to paying rent... Can somebody help clarify the tradeoffs I am making here? +I've come across the "House Hacking" strategy recently where you buy a duplex, rent out one unit while living in the other unit and using the rental income to pay off the mortgage. The most common criticism of this strategy is that you are living next to your tenant. This creates issues especially if they find out you are their landlord and you live right next door to them (i.e. they will bug you for a long time with regards to their rental unit). + +What if you were to rent a place from another landlord, rent out both units of the duplex you own and use the rental income from one of the units to pay for your own rent? This way you live away from your tenants but still use one tenant's income to pay off your mortgage. You could even get a property manager to deal with tenants instead of yourself. + +Of course, the devil is in the details (amount of rent you earn, the amount of rent you owe to your landlord, cost of property manager and whether all these costs even result in a net positive cash flow to pay the mortage), but is there any glaring issue in the general idea itself? + +&#x200B; + +EDIT: awesome, thanks for the replies, learnt a lot. +Bozeman, MT is showing a 3.5% growth in April alone. + +I've always told others my market is strong, but people are too busy investing in over priced real estate in big cities. + +I also calculated the inflated price of my town to still be 12% lower than it can bear. + +So to me this signifies an exodus from large cities as Millennials see that, with a decent internet connection, they can still work from home and have world class amenities right outside their door. +Link: http://clients3.weblink.com.au/pdf/88E/02358090.pdf + + +&nbsp; + +Copied from the article: + + Highlights + • Interpretation of logging while drilling data (“LWD”) indicates multiple potentially hydrocarbon + bearing zones have been encountered in the Nanushuk Formation whilst drilling Merlin-1 + • Wireline logging will commence shortly to confirm whether mobile hydrocarbons are present +Going to move to D.C. from France. In the popular imagination France is high tax and the US is low tax. Not from my calculations... + +Situation - 2 kids and wife doing PhD. One income will be mine on $85k first year. Government job. + +Estimates + +Federal income tax - $2947 + +FICA - $6542 + +D.C. tax - $4122 + +Compulsory 8% pension - 6842 + +Healthcare inc dentistry and optical - maximum of $13076. Youngest daughter is ill so will max out for a long while. + +I’ve included healthcare because coming from Europe taxes include comprehensive healthcare. + +Total = 33530 = 39.21% of my exact salary. + +Cost of living is high so seems like you guys get fleeced in taxes etc ? Or have i missed something ? + +Édit: i will get a banging pension from that + +Edit 2: I have learned I will need to sit down with a tax advisor or accountant when I move to D.C. I’m still replying to things but this has been very useful - thanks. USA USA! +I like my job, I really do, and the pay is good for someone not long out of school and without an MBA. (I'm in tech consulting, btw) + +But I can't help but feel like there's a cap here. My firm is making significantly less partners/principals in tech these days, opting for more MD's and then bringing partners in through acquisition. I don't expect this trend to reverse course going forward. The odds of making MD aren't exactly stellar either, just purely from a numbers perspective. In a world of implementation, there's only so many opportunities to make it rain when every Fortune 500 already has a big-4 in the building, and they all have established accounts. + +My MD makes about $330k + bonus, which is nothing to laugh at mind you, but my best friends 1st year Associate IBD all-in comp was almost that much and he's only 3 years out of school. (We have the same degree, it chaps my ass a bit really). I'm not blind to the difference in quality of life between us, but I can't help but feel like my cap is his floor on my current trajectory. **I'm willing to work hard, but if I'm going to give up some of the best years of my life to establish my career, I feel like I should do it in a place that has a higher ceiling than this** + +On top of that, between my fiancees job and mine, I'm basically not allowed to do anything without compliance getting all over me. I can't trade in financials, phara/healthcare, or tech at all. I can't trade in industrials or A&D without prior approval. I can't touch crypto (not that I would). I can't found or participate in any business activities (including startups) in either of the two industry sectors above that I have expertise in. **I feel like I'm basically restricted to billing my hours and collecting my paycheck.** + +I'm not necessarily looking to run for the door today, but I am trying to understand where the chips fall and plan my future strategically. + +Edit: Also live in VHCOL area, can barely afford my own rent, let alone rental property. +http://qz.com/487013/this-game-will-show-you-just-how-foolish-it-is-to-sell-stocks-right-now/ + +Hat tip to @M_C_Klein on twitter. + +FYI, you **sell** first and buy second. That tripped me up and ruined my results. +So, my boyfriend is totally on board with this whole "Financial Independence" But I'm really skeptical. How is it even possible? It sounds impossible. I don't understand. However, I've promised him that I'll approach the subject with an open mind. So please give me all your testimonies, stories, evidence or whatever, to convince me of this. + +How on earth do you save 50%-75% of your income? What would you even do after you've reached "FI" The idea scares me a little. I feel like it would leave us vulnerable, with no security or income or job. I don't want to lead a cheap life. I come from a fairly low income family. My whole childhood was cheap. This sounds like an excuse to be a cheapskate. He comes from a similar if not lower income background. We're both 19 if that matters at all. I'd especially like feedback from anyone who has actually achieved FI at this point with info on how they went about it. + +Anyway, sorry if this sounds uninformed or even disrespectful. That isn't my intention at all. I look forward to all your guys' responses. Thank you. + +EDIT: +More relevant info I forgot to add. +I make $1,300 a month at a secretary-like desk job at a company my dad owns. He is giving me a 10% share in the company. +My boyfriend makes about $1600 before taxes. He is also going to school for air traffic control. He has an IRA with $2,500 in it. + +EDIT 2: Thank you all for your input. I'm looking forward to keep exploring and learning about this new idea I've been introduced to. +Hey all, first time poster in this sub! + + +So basically I decided to speak to my family about FI/RE and my family (mostly father) ended up making fun of me and saying that I'm naive for thinking I can retire by 35-40. He said that only a few lucky people in the world can do this and I'd probably not make it. + + +He thinks I can't save over 50% of my earnings because I'd need to spend it and if it was so easy everyone else would have done it. Does he think I'm just expecting to put a bit of money away and then just retire really easy? It's more complex and difficult than that! + + +Am I the naive one or can he not get his head around the idea of me retiring younger than he is now(he still works)? I don't know but I'd like some advice to know whether or not my FI/RE goals are still worth pursuing. Thanks. + + +Kaz +[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. +Today marks the 11 year-Anniversary of the Satoshi Nakamoto completly disappeared till today. Today he/she/they released their last message to the public, that already forshadowed the disappearance, the message was about not caring much about him but Bitcoin as a whole and the Dev team that was and is basically working for free on Bitcoin. + +Now after 11 years many see this as a major mystery and maybe say that he even died. But for me it's seems clear that he knowingly made this decision of going out forever. + +During that time he disappeared, Bitcoin was picking up pace for the first time. Already the first big investments came in and it actually was seen as serious by some people. His work was done. He brought Bitcoin to the light and it was not his task to bring it further. + +Because of his disappearance, today no one is capable of criticising him as he basically does not exist. He left making Bitcoin truely neutral, there is no "head" or maker that has any specific goals for this projects, it's truely just us. +Hi folks, + +We have some close friends that love to ski and we have considered potentially splitting a vacation home in Tahoe (Bay Area folks) in order to defray expenses and get more use out of it. Has anyone done this successfully? Any best practices? We've known each other for 20 years, have worked on organizations together. I trust them. But would like to hear about times it worked well, or about the friction points that led to disasters. Thanks! +I received Disney stocks when I was 1 year old and I have moved a few times and no longer receive information and dividends from them. I also no longer can find my certificate. How do I go about reclaiming it all? +I know this is a little unusual for /r/pf, but [$10,000](http://money.msn.com/auto-insurance/dui-the-10000-dollar-ride-home) is a significant amount of money and paying this amount can be easily avoided, so it seemed appropriate, especially with New Year's Eve just around the corner. + +I live frugally and save heavily, so when I learned that the *average* cost of a DUI is $10K it really woke me up. That's twice the cost of my car! + +I realized that I just don't know what the legal limit in my state (0.08% BAC) feels like, or how much alcohol it takes to get me there. I bought a well-reviewed breathalyzer on Amazon for about $120. This has two benefits: I now know what various BACs feel like, and more importantly, I have an objective yes/no decision maker for whether I'm good to drive. + +I'm a big guy (6'3"/190lbs), so I was shocked to learn that 3 drinks puts me over the limit. I feel completely fine to drive at that level and have definitely driven at that level in the past. I'm just glad I never got pulled because I would have been out 10 grand. + +I encourage anyone reading this who drinks to either be *extremely* conservative about driving after any alcohol or to get a breathalyzer so you can know for sure whether you're safe from a financial disaster. + +Obviously driving drunk has other dangers, but this is still /r/pf. + +Figured the community could use some good news: there are really smart people in really important positions around the world thinking through really important issues because they *know* blockchain technology and cryptocurrencies are positioned to set the world ablaze. + +Ignore today's dip and give Clayton's testimony a read: https://www.banking.senate.gov/public/index.cfm/?ID=D8EC44B1-F141-4778-A042-584E0F3B9D39 +Just looking at shadowstats, they use the original computation from 1980 to determine inflation. It's over 14% by the same method used then, and coincidentally, US inflation peaked around 15% back in 1980. + +More interesting, the Fed raised rates to fight inflation, hitting 20% interest before finally getting things under control. + +Imagine your margin account, average interest on margin is like 8% and we are at the lowest interest rates in approximately the last 4,000 years. All markets seek a mean, so it seems reasonable that an era of floods of easy money and the lowest interest rates in human history could be followed by increasing scarcity of money and high rates. Maybe very rapid, high inflation will be the catalyst that leads to that? + +Not sure how the fed can fight inflation this time, even raising rates to 5% seems like it would mean the collapse of everything. 20% seems unimaginable. +Total noob here. This is probably a dumb question, but what keeps one from sellingOTM SPY calls on a down day like this at like 3:45pm or even 3:55. Sure profits won’t be much, but probability of expiring worthless is pretty high. Seems like a no brainer to me, but want to make sure there isn’t anything I’m overlooking. +Those of you who have climbed a bit and made it out of pain, I’m inviting you to pat yourself on the back and share what actions you took to get there. It may inspire others, it will inspire me. + +Also I wish this to be a little educational. I suspect most of the stories will show that if you haven’t given up on bettering your financial position, you’re best bet is to aim for more income. No judgement if you did give up, but for those who haven’t, let’s take a look at some success stories. +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. +My older cousin who has been trading for years at NYC mentioned to me this was “essentially tuition money for a valuable lesson” rather than a loss. It’s not much money for a normal person, nor for my financiers (parents)- but it took a while to get there and I’ve learned so much now, any advice on how to get back on my feet as an amateur/intermediate trader? +okay so I'm a beginner in intraday trading and I've learnt about the core concepts of trading. + +i'm confused with what strategy to use? +1. Price action + Levels + VWAP +or +2. MACD + VWAP + RSI or Supertrend + +I mean ive backtested both of these and they were pretty good + +what strategy works for you? +Hi everyone! I've been researching day trading and I want to get into it. I've been watching lots of Rayner Teo's videos and doing my own research. But I only have a $1000 account to get started and currently cannot put more money into that atm. Is it even worth it to try day trading with this little cash? I don't have any experience, so I will definitely paper trade first, but once I feel I've tested methods and had enough experience, should I try live trading with a small account? +I watch videos of people who daytrade/scalp and when they trade, they sometimes switch to SPY to check it. What information do they get from it? Does looking at SPY in some way help you to scalp a different stock? +Do guys think moving averages is really worthwhile? I only see that it's useful to see when the they crossover because some algos could see that as a good point to make a trade? Is using them as support/resistance trading like smart money because algos use them as such as well? + +Edit: I'm focusing specifically on intra-day trading. Also, how did you guys form your strategies for day trading or do you just go with the flow after looking at price action for a long time? I'm still new and looks like the best idea would be to gain more knowledge about price action? +I recently came across this GitHub repo on using reinforcement learning (RL) for algorithmic trading - https://github.com/AI4Finance-Foundation/FinRL. Would using RL be a realistic and profitable algotrading strategy ? +Do you just do a simulated run and see which makes the most money? Check how often it correctly chooses general market direction? I’ve on and off tried to script different algos in python and write my own back tester but I’ve never been able to figure out the best way to do it. + + +Saw this post on my twitter feed [here](https://lf0.com/post/portfolio-optimisation-model/portfolio-optimisation-r/) + +Thought it was interesting, the code was a little hard to understand. Are there any similar convex optimization packages in Python? +I have a Statistics undergrad, Comp Sci/Software Eng masters. +I am pretty bored in my Data Eng role at the moment and need something more challenging and fast paced. I work in tech at the moment. +Most of the roles I see require finance experience and/or require a 'pro' level programmer, which I am trying to become (Python) through freelance work/projects, but my own job will not 'get me there' therefore I'm unsure how to become pro and develop the skills to move over. +I also miss doing statistics stuff but have not touched ML models etc for a while, so won't be as good as the Data Scientists etc at the moment. I want to be pro and useful to the company. +Any advice for someone in my position? +I'm planing writing my Master Thesis about AlgoTrading using Deep Learning and NLP. What are some 'must-read' papers? I'm also interested in reading some papers you found interessting or usefull. Tips and tricks are much appreciated. +All strategies are profitable on paper, provided that you have parameterised it correctly. Now obviously that is over fitting. We are essentially looking at past data, and figuring out what parameter to set - and more often than not, this results in overfitting. What would a strategy look like without indicators/look back periods? + +I am trying to explore the realm of parameterless strategies, however, I am kind of lost on where to begin. Any examples of a truly parameterless algorithm that I can take some inspiration from? +I (23F) was reading some post on this sub last night which sent me into an anxiety rabbit hole. I was reading about how people have 100-200k saved up before the age of 30 and they’re doing this and that. I just felt so hopeless in navigating my way around finances and trying to have a better life. +I work in retail and get paid £21,800 before tax). I have a degree and I am continuously trying to get out of my job and into a professional, salaried job. I am already putting away £200/m in a Help to Buy account for a house I’d like to buy in about 10 years. I have an emergency fund of 2k. I contribute 10% of my salary to buying shares in my company every month at a discounted rate, and I can sell them whenever. However I see these savings for a long term plan ie retirement or a second house in 40 years time. +However I have read that investing in your 20s is the most important time. So I’d like to start. + +I’ve worked out that I can put a side £10-50 every month for this. I would like a low or medium risk (but would appreciate some advice on this too). + +Questions +1) I don’t know whether to open a ISA SS or Lisa or vanguard +2) how to go about this +3) what index funds are and premium bond +4) is it even worth investing that low of an amount ? +5) I have £3k in literal cash notes, how best should I save this? For my help buy or invest it ? (I may not use my help to buy when I’m 30 as there is a limit on house price, so this is what I’m worried about). + +I would really appreciate some or any help in the right direction. + + +Edit: I have no debt except standard credit card that gets paid in full every month. And student loan but I’m not paying that off yet. + +Edit: if I lose my job, or leave, I can still keep my shares in my company. The shares are currently going for $289 and have been around or more for the past 10 years. I work for a trillion dollar company, does this help? +My wife ( F55 ) and I ( M55) went and saw a financial advisor and I am hoping to get a sense check of the advice and any alternative views. FYI we have not been very proactive in our financial wellbeing - our strategy has focused on paying off the house and putting the kids through private school. Thus we can be considered financial n00bs or only somewhat educated in this area. The main focus of the advice was retirement planning - ie making sure we have enough to live on in retirement. He also provided some advice / quotes on insurance but I have not included those here. + +I have some specific concerns / questions about the advice provided + +* The fees seem quite high - do they seem appropriate ? +* What is the benefit of using Netwealth platform over having a SMSF ? +* Should I consider having the investments owned by a discretionary trust ? : what are the pro/cons ? +* I am worried that the Financial Advisor is trying to insert himself into our investment process ongoing. He initially was proposing to have read/write access to all the accounts and balked when i asked if there was an option where we could authorise all transactions. He has since confirmed that this is possible on netwealth. +* I am happy to take ( and pay for ) some financial advice in the first year or two but after that i want to be able to run it by myself. What should i be aware of ? + +# Inputs + +*Current Position* + +|Dependents|2 kids - 19,22| +|:-|:-| +|My Income|$220k + super| +|Wife Income|$85k + super ( she works at a not for profit )| + +*Assets* + +|*Savings - offset account*|$185k| +|:-|:-| +|Primary Residence|$3M| +|Home Contents, Cars etc|$60k| + +*Liabilities* + +|*Mortgage*|$85k| +|:-|:-| + + +*Super* + +|Who|Super Fund|Amount|Death|TPD| +|:-|:-|:-|:-|:-| +|Me|MLC MasterKey Super Fundamentals|$220k||| +|Me|Commonwealth Bank Group Super Accumulate Plus|$130k|$720k|$720k| +|Wife| AustralianSuper Divisions (Standard Product)|$130k||| +|Wife| Colonial First State FirstChoice Employer Super|$75k|$10k|$10k| + +# Summary Of Advice Received + +***Advice Summary For Me*** + +1. we recommend that you set up a new investment account through NetWealth Wealth Accelerator Plus with an initial investment of $100,000. You should also set up a regular savings plan of $2,500 per month into your new investment portfolio. +2. Rollover your entire MLC MasterKey Super Fundamentals account to a new superannuation portfolio with NetWealth Super Accelerator Plus. +3. Rollover most of your superannuation with Commonwealth Bank Group Super to NetWealth Super Accelerator Plus, however, retain at least $10,000 in this account so that your insurance cover is not cancelled. +4. Invest your new superannuation portfolio in line with your Aggressive risk profile. + +***Advice Summary For Wife*** + +1. Rollover your entire AustralianSuper Divisions account to a new superannuation portfolio with NetWealth Super Accelerator Plus. +2. Rollover most of your superannuation with Colonial First State FirstChoice Employer to NetWealth Super Accelerator Plus, however, retain at least $5,000 in this account so that your insurance cover is not cancelled. +3. Invest your new superannuation portfolio in line with your Balanced risk profile + +***Advice to both*** + +1. You should ensure that fee aggregation is implementing on both of your superannuation account and the recommended investment portfolio to reduce your ongoing fees. +2. we recommend that you each arrange with your employer to Salary Sacrifice up to your concessional contribution cap. We estimate that XX will be able to make Salary Sacrifice contributions of $5,500 per annum, and that YY will make Salary Sacrifice contributions of $19,000 per annum. You should review your salary sacrifice arrangements each financial year. + +***Fees*** + +*Advice Fees* + +|Initial Advice Fee|$4.4k| +|:-|:-| +|Ongoing Advisor Service Fee|$4.5k ( $1.5k / account )| + +*Product Fees* + +|||^(Upfront)|^(Upfront)|^(Ongoing)|^(Ongoing)| +|:-|:-|:-|:-|:-|:-| +|**^(Who)**|***^(Investment Product)***|**^(Amount Invested)**|**^(Buy/Sell Spread)**|**^(Admin Fees)**|**^(Investment Fees (ICR))**| +|^(Me)|^(Commonwealth Bank Group Super Accumulate Plus)| ^($10,000)| ^($0 (0.00%))| ^($86 (1.72%))| ^($52 (0.52%))| +|^(Me)| ^(NetWealth Super Accelerator Plus)| ^($339,835)| ^($583 (0.17%))| ^($1,116 (0.32%))| ^($2,325 (0.68%))| +|^(Me)| ^(NetWealth Wealth Accelerator Plus)| ^($100,000)| ^($177 (0.18%))| ^($531 (0.53%))| ^($695 (0.69%))| +|^(Me)|*^(Subtotal)*| *^($449,835)*| *^($760 (0.17%))*| *^($1,733 (0.39%))*| *^($3,072 (0.68%))*| +|^(Wife)|^(Colonial First State FirstChoice Employer Super)| ^($5,000)| ^($70 (1.40%))| ^($75 (1.50%))| ^($25 (0.49%))| +|^(Wife)| ^(NetWealth Super Accelerator Plus)| ^($199,930)| ^($296 (0.15%))| ^($704 (0.35%))| ^($1,344 (0.67%))| +|^(Wife)|*^(Subtotal)*| *^($204,930)*| *^($366 (0.18%))* | *^($779 (0.38%))*| *^($1,369 (0.67%))*| +||**^(TOTAL)**| **^($654,765)**| **^($1,126 (0.17%))** | **^($2,512 (0.38%))**| **^($4,441 (0.68%))**| +BlackRock Chairman and CEO Larry Fink said Tuesday investors should expect only a 4 percent investment return with a balanced portfolio of stocks and bonds. +https://www.cnbc.com/2017/10/24/blackrock-chair-larry-fink-tells-investors-to-only-expect-a-4-percent-investment-return-with-a-balanced-portfolio.html +$1,000,000 investment needs to generate interest income for retirement. + +What long-term (2 year, 5 year, 10 year) options are optimal? + +Requirements are they must be government insured (FDIC) and risk-free. + +Treasury bills? Government bonds? Certificate of Deposits? + +Or just keep it liquid in a high-interest checking / savings and wait for bank rates to increase? Right now the current rate is .05% which is not enough. +It's even more important us to DRS than get Kenny boi put in jail. Seems like right now they are setting up this: + +SEC comes out after Twitter trend hastag and gives Kenny boi a massive fine of a few million $, and that's it, they'll write it off as case closed, the bad guy was fined (SEC: "isn't this what you guys want right"???) he was dealt with and they will try to make us forget. + +DRS IS THE WAY, FORGET KEN RIGHT NOW STAY FOCUSED! WE HAVE THE DRS MOMENTUM RIGHT NOW LETS NOT LOSE IT. + +WE ARE CLOSE, I CAN FEEL IT. +Hi all. I live in a pretty expensive city with my mom and little brother. Our roommate just moved out and I plan to take their room. They payed 700 a month and I have to pick up the slack. + +I earn around 7-8 hundred every two weeks working fast food 6-7 days a week for 30-38 hours. Overtime is not really in the question. + +I want to go back to school and go to college +To be a teacher (80k a year for my city) but I don’t know if I can keep working full-time hours (I’m technically part-time for my company) and go to community college. + +There is no way my mom can pick up the slack herself. any suggestions? +This is one of the SHF lasts moves before earnings. Get everyone worried about the price. If you go into a shop and see the price $199 versus $200 you think the $199 is a big difference in the back of your mind. Relax, GME is in the best shape and has so much to give still. +... and I want to make this money work for me. I am fortunate enough to have already saved up some money as my "rainy day" fund and have no student debt. I am currently a PhD student making \~28k before taxes, so I haven't been able to save as much as I'd like. I really want to make the most of this money before I start spending it on random shit I don't need like going out to eat, tech gadgets, etc. I'm thinking of putting it in stocks, but I don't know where to start. Any advice for a noob? +Bitcoins are now valued at $70/bc. A week ago they were at $50/bc. For context, here is a [chart of bitcoin value] (http://imgur.com/QuSKL8h) over the past year and two very [informative](http://seekingalpha.com/instablog/7761841-patrik-korda/1616371-bitcoin-bubble-2-0) [articles](http://www.macrobusiness.com.au/2013/03/bitcoin-bubble-or-new-virtual-currency/) which both seem to lean towards bubble. I also tend to agree that this is probably a bubble, which begs another question, is there any framework in place to short bitcoins? But more importantly, I want to see what reddit feels about this price spike. I know this isn't the most appropriate question for /r/investing, but I wasn't sure where else to talk about this. +I don't know what the f- is going on anymore. Here's what's running around my head at the moment: + +1. Markets sold off before the election on the apparent theory that it was looking to be close/contested and the markets don't like uncertainty. +2. Markets rebounded in the days leading up to the election as it started looking better for a clear Biden win. +3. Election is incredibly close and contested, government will likely be split, and yet the markets are rallying super hard. The prevailing theory is that a Biden win with Republican senate will make it less likely that Biden will attack big tech and increase taxes. +4. In spite of (3), a split government will also make it more difficult to pass a stimulus package, which increases the likelihood of a double-dip recession. +5. COVID still spiking but nobody seems to care anymore, which makes it more powerful as a potential risk. If the numbers keep spiking, eventually that will lead to one of two headlines that people really won't like: hospitals getting overwhelmed and/or increasing lockdowns. The latter will be much more likely to happen under Biden than Trump. +6. The rally today seems broader but there were some real breadth concerns yesterday. Breadth indicators, like the TICK and NYAD, were flat yesterday. This suggests the rally is being driven primarily by a certain segment of the market (big tech) and not an "everything is great, pile into the markets" sentiment. +7. The ridiculously sharp rally over the past few days has made it extremely difficult to find good entry points on anything. Stocks have gone from pullback to mega-overbought in 3 days. Major indices are more extended beyond their 8-day EMAs than since late Nov 2018, shortly before the markets plummeted to major lows. +8. I've learned several valuable lessons over my years of investing that all seem to be coming into conflict right now: i) Time in the market is better than timing the market; ii) Think long term and focus on weekly charts; iii) Don't make emotional, reactionary decisions; iv) Don't get caught up in FOMO; v) Don't invest based on what you think the market will do, or what you want it to do, but on what it's actually doing. + +Given that I can't make sense of all this right now, I'm sitting on my hands. At the very least I'm going to see how this week plays out. +https://twitter.com/TheIFS/status/1316989754601295872?s=19 - full tweet, and link to full report in there + +Since automatic enrolment, private sector employees up from 30% to nearly 70%. Self-employed down from 20% to c. 18% in the same period. +I feel we have enough savings that we technically don't have to work, especially if we move to a very rural location with cheap land. + +But we continue to work anyway, as it would be pretty boring to just sit around at home all day. For me at least, being productive at work makes me feel good every day. + +I'm interested in other people's experience. Do you think you theoretically have enough money to not work anymore? If so, what work do you do? +Last year, I asked you all for [advice on reducing my retirement investments so I could improve our backyard](https://www.reddit.com/r/financialindependence/comments/h95fha/have_any_of_you_taken_a_year_off_saving_for/). Well, I took your advice, built all the stuff we wanted, and have just closed out that program of work. + +**Edit::** The mods asked me to remove the link to my personal blog with the story of all the work and the pictures. Per their recommendation, though, [I have put the pictures up on Imgur](https://imgur.com/gallery/8ToyDl8). **/edit** + +First off, shout-out to /u/reltubjp, /u/Grey_Duck-, and /u/Askew123 who recommended refinancing our house to pull cash out of the equity for this work. The timing was right and I was able to reduce our interest rate, switch from a 30-year to a 15-year mortgage, and our home value had shot up so the cash we got out covered about 45% of the work. + +Thanks to /u/willywonka1971, /u/Doro-Hoa, /u/booostedd, /u/Shortsonfire79, and /u/Ginfly who introduced me to the world of /r/churning and credit card bonuses. For the big projects, I had to write a check, but I was able to use credit cards for a good amount and the bonuses and rewards covered about 2.6% of the total cost (about $1500). + +And for everyone who just generally supported reducing retirement investments, thank you! It ended up being the best decision in the end, especially because I didn't have to reduce that much. I dropped my 401k investment to my company match amount for 5 months, but then with covid stimulus checks, a good end-of-year bonus, holiday gifts, a nice tax refund (we had a second kid in 2020 and that jumped our tax refund WAY up because suddenly he got some covid stimulus money on top of the child tax credit), we not only did all the work that we wanted to do, but starting in January 2021 I was able to actually start maxing out my 401k for the first time ever *and* we maxed out my IRA *and* I started a spousal IRA for my wife and maxed out both 2020 and 2021 for her. So not only did we get to build all of our outdoor improvements, we also *increased* our retirement savings. + +It wasn't all roses and sunshine, unfortunately. We had some other expenses along the way (as homeowners do), so our sinking funds are gone at this point. I don't have a dedicated salary-replacement "emergency fund" and instead have budget categories in YNAB for thinks like home repair, auto maintenance, health, etc. We went about 15% over budget once everything was said and done, and that money had to be taken from those sinking funds. + +But I wrote the last check last week and we're done-done. I expect it'll be December 2022 before our cash-on-hand is back where I'm comfortable with it. In the meantime, we'll continue maxing out our retirement. I've learned some more about FIRE since I wrote 13 months ago and I'm a bit more uncertain about when I'll be able to FIRE because who knows what the market will do over the next 15-20 years? With my 401k and our IRAs, it looks like we're on track for me to RE around the age of 50, which is the same year I'll pay off our house after the refinance. But I expect to start contributing around $10k/year to a taxable brokerage beginning in 2023 or 2024 once our cash savings is built back up, so that'd be ~12 years of additional investing by the age of 50. At the very least, I should hit FI before 50 even if I don't retire early. + +And between now and then, our family and friends get to enjoy our new backyard, which is spectacular. I'm so very glad I did this, and can't believe how good the timing was. Even with the increased cost of lumber, being able to dedicate the covid checks plus our tax refund to the work really pushed us over the hump. + +If anyone else is wondering whether or not to invest their money into something other than retirement, my recommendation now is: + +* Check out [this thread](https://www.reddit.com/r/financialindependence/comments/nufs4d/can_i_afford_this_large_oneoff_purchase/) by /u/monodactyl. I wondered recently if I could afford an electric car, and using the charts they provided I realized that the opportunity cost is 2x the actual cost of the vehicle. I don't want to work another 2.5 years just to have an electric car now. +* Determine if the money will be spent on something that significantly increases your quality of life. For me, a car wouldn't because I don't drive much. But we now spend hours a day in our backyard and our kids love it. We have already hosted two large get-togethers (with friends who are vaccinated) and it was great. Our backyard will continue to be enjoyed for the rest of our lives, so reducing retirement investments temporarily is a great trade-off. + +So thanks to everyone for responding and providing me guidance last year. I couldn't be happier with the outcome. +I have been on Reddit looking for the update. The last I remember, we were informed by some wrinkled brains on here that we were never going to get the true number of votes until later after the votes go to a 3rd party auditor? + +Has there been an update to that that I missed? Will it take a documentary coming out to reveal that in 5-10 years? Any information would be appreciated. + +Edit: I am a lurker and have rarely posted on Reddit over the years. In fact, this was my first post in r/superstonk and already had my first negative private message after 17 minutes. + + I feel like a seasoned ape now. Everyone follow me now. I am your leader. + +This is not financial advice and I am not your leader. + +Evidently, I am also a shill for even posting this. I can only imagine the barrage of negative comments/posts a high profile poster gets. +Hi everyone, bob here. + +I thought i would just announce once again that I have a great resource build for the community to abuse: **My Data Repo!** + +&#x200B; + +[u\/bobsmith sharing the datas](https://preview.redd.it/ke5ts5pbpcu81.png?width=402&format=png&auto=webp&s=a66d40368ab51a41089f097cfb37fdf6d1a1825b) + +Here's a link to *almost* all my data: [https://drive.google.com/drive/folders/1poM5S5qaiyyLd40gWSgKdn3ONzWbgdfj?usp=sharing](https://drive.google.com/drive/folders/1poM5S5qaiyyLd40gWSgKdn3ONzWbgdfj?usp=sharing) + +go nuts... + +https://preview.redd.it/mmgu6yr4wcu81.png?width=500&format=png&auto=webp&s=102549ecbce3fb8bc17b247b8fb9c15d26c12787 + +I just finished up a project of mine. The project? + +# COLLECT ALL THE STONK DATAS FOR THE APES + +I set to work some time in January and began collecting and refinishing my data repo to make it more robust, easier to manage, and faster at delivering. The result? + +https://i.redd.it/2dqmzjq0xcu81.gif + +I have improved scripted processes that will allow me to update you guys with information as it is available (automated updates), and I will respond to any DM data request and make it available upon request via my drive in csv format (or json if you need something like that). + +**The types of data available?** + +* Daily options data, including greeks and volume traded +* Daily Open, High, Low, Close, and Volume datas +* FTD data from Finra releases +* Calculated metrics + +# This data is available for ANY FUCKIN TICKER out there, so give me your best shot! + +My hope (and is the reason started the data repo in the first place) is to simply save some apes the time of researching and finding this data themselves, so they can use their wrinkle power more efficiently to deliver us all that tasty fuckin DD we crave. + +https://preview.redd.it/unjz0hvbycu81.png?width=1257&format=png&auto=webp&s=ef8c0f01e720ff42fa43533d39ffe11b490b759a + +Also, I would be remiss if I didn't recognize the wrinkles that have contributed the to the data repo. There are so many of you, and I love you all. Keep up the fight! + +Edit: here's a quick sample of the kind of data you can get. + +https://preview.redd.it/pyajvxnm0du81.png?width=1299&format=png&auto=webp&s=582fdb4e99e65d2595097ce3d66209a88a6aafd7 +https://www.thedrive.com/news/31761/enormous-costs-of-new-tractors-drive-demand-of-40-year-old-equipment-to-all-time-highs?xid=fbshare + +In this piece by *The Drive*, the author proposes a scenario in which John Deere slowly loses its customer base by creating a technologically advanced product, raising prices to the point that older loyal customers are turning to secondary used markets to fulfill their equipment to needs. + +Agriculture has long been an industry participated in by few, but contributes the sustenance of many. Ag has high upside when producers can maximize efficiency, find production equilibrium with supply needs through economies of scale (which allows for fewer producers to need to play and those producers increase the size of their enterprise). But in order to really make economies of scale advantageous, it requires mechanized help. + +John Deere tractors are your flagship tractor. When you think of tractors, the green with yellow accented behemoths tilling those fields are probably the first that come to mind. But what happens when farmers begin to look at secondary markets to satiate their equipment needs when the producer of their prized equipment no longer is working with their customers to meet their needs? + +[Newer models can run upwards of $300,000 for a rig](https://www.fastline.com/farm-equipment-for-sale/listings/john-deere-tractors/results?category=Tractors&manufacturer=John+Deere&minprice=220000&page=1) even on the used market. Why pay $200,000+ for a machine that you could buy for $30,000 thats 40 years old? In fact, farmers are turning to these older machines because they are less complicated to fix. But the demand for those older models are actually driving up the prices in the secondary markets because sellers realize how valuable their old machines are becoming. + +John Deere tractors are becoming more technologically advanced, but this may not be a good thing. Deere is raising the prices of their machines, and making it such that farmers are looking to used markets to find older machines. If you’ve ever worked on an old car, you can think of it in the same manner—the older tractors are very barebones and mainly mechanical. If you understand how to repair the machine, it’s a fairly straightforward process. + +Not only is the upfront cost a factor when it comes to investing in one of these machines, but maintenance repairs is a contributing factor. These newer machines have technological locks built into the operating systems that limit private owners from performing their own repairs on the machine, forcing them to contact the dealership, have them send out a mechanic representative at the dealerships convenience, potentially holding up production for extended periods of time. This puts the farmer’s operations at a reduced level unnecessarily, and at a greater cost, than what they normally would repair themselves. + +Due to this, farmers have found an outside solution to this roadblock Deere corporate has put in place to lock the technology systems of the machines: [Ukrainian software hacks.](https://www.vice.com/en_us/article/xykkkd/why-american-farmers-are-hacking-their-tractors-with-ukrainian-firmware). [October of 2016, buyers were required to sign a licensing agreement forbidding the repair and modification of farming equipment.](https://www.deere.com/privacy_and_data/docs/agreement_pdfs/english/2016-10-28-Embedded-Software-EULA.pdf) + +Is John Deere alienating one of its leading sales segments? With international trade agreements being formed, amended and expanded—soybean, grain and corn is going to be in great demand. Farmers are going to need equipment that fulfills their operations, small or large scale. These new equipment prices, in addition to prices to maintain the machines, are going to be passed onto consumers, ultimately driving up prices for some of our most common goods. Why pay more than you have to for a machine today when one three decades old can be refurbished and folded into operation for significantly less cost? + +According to their financial statements, FY 2019 revenue was the first year since FY 2014 that it was greater. Bringing in $39.26B in 2019, 8.9% greater than the second highest year this decade in FY 2014 at $36.02B. $DE’s brought in a net profit of $3.25B in FY 2019, up 2.8% from FY 2014. FY 2015-2018 all showed negative growth from the peak in 2014 if omitting 2019 data. + +With John Deere and Caterpillar ($CAT) being some of the leading manufacturing segments in the United States, is manufacturing at risk if $DE doesn’t change their business model to be more accommodating to their customers? $DE and $CAT are both major construction equipment manufacturers, with Caterpillar leading over Deere in that segment. + +From John Deere’s financial statements, they revenued $20,511B in Ag sales (84% of total sales), compared to construction at $3,831B (16% of their equipment sales). So clearly, their ag customers will have significant leverage if a portion of them begin to look in the secondary markets for used equipment they can fix themselves, or even if they purchase new equipment, but use this Ukrainian hack to crack the operating systems of their machines and fix it themselves. + +With agriculture being Deere’s most prominent segment, if they don’t begin to accommodate their farmer customers more carefully, $DE could begin to face sales pressures in the next coming years. The commodities will be needed to be farmed with or without Deere, so will they bend the knee? Or continue in an adverse customer-producer relationship that ultimately may hurt the company. If Deere doesn’t change their business model, they may eventually price themselves out of the market. + +TL; DR: if John Deere doesn’t start making efforts to work with the customers as opposed to trying to squeeze every penny out of them, it could spell trouble. +Back in 2011 when you could mine with a GPU. I pool mined about 11 btc. In 2013 sold 5 so I could buy a nice washer-dryer set. I still have no regrets about that, because it was a time where money was tight and we needed a washing machine. Today I sold 3. My son is only a year old but his 529 is almost fully funded (I'll still be adding a few thousand per year). + +I've got just a few more BTC, but no FOMO. Bitcoin didn't change my life, I'm still a working stiff. I'm just happy that my son can be so young and be so ready for the future. That makes it all worth it. + +To others out there. Figure out what your priorities are. If you have only unrealized profits. Fix it. Stay invested if you like (I did) but don't miss an opportunity to take care of what's most important. + +Edit: To those considering purchasing Bitcoin. I say go for it, __but__ do so in moderation. Keep an eye on what's next. When it comes to speculative investments, make a thousand small bets. Sinking everything into Bitcoin could deny you access to money you need for the real revolutionary opportunity in your life. +I keep reading that corporations keep buying houses at ridiculous prices beating out families that that could really use them then trying to convince people that renting is better than buying. I vow to buy 10 houses in my community and sell them at reasonable prices which means that if house prices continue to climb I'll be selling at a loss but it's ok. My floor is $20 million so I might buy more than 10 but I will fight these corporations and help my community however I can. + +✋💎✋🚀🌕 +Hey guys, I’m 26 yrs old and have been living on my own for almost 5 years now. In that time I’ve definitely made some mistakes and accrued quite a bit of CC debt. Recently I got a nice raise which has given me the freedom to get my finances in order. My financial goals would be to be debt free, save for the future, and save for annual vacations. I would love some input from people far more financial savvy than myself. + +Income: + +$3K/month (minimum with no OT, however I usually get a decent amount of OT) + +Debts: + +CC 1 $2600 balance +CC 2 $9400 balance +Auto Loan $12K 0.9% interest set to paid off 02/22 + +Savings: + +$500 in savings account +$250 in stocks + +I restructured my finances utilize 75% of my income, freeing up the other 25% for debt/savings. Those 25% are broken up as follows: + +10% savings account $300/month +10% debt $300/month +5% vacation $150/month + +Any income I get over my usual $3K is split + +50% debt +50% fun money + +What are your thoughts on this budget? After scraping by for almost 2 years I’m trying to enjoy my new freedom while also trying to be financially responsible. Have I balanced it well or should I focus on just debt? + +Edit: Seems like everyone’s on the same boat, pay off CC debt. Thanks for y’alls input, that’s what I’ll do! I figure if I put together the $300 from savings, the $300 I was already putting away for debt, the $150 for vacation and another $150 I forgot to mention that I was putting for investments I can get a minimum of $900 for debt! Thanks again! +So for most of my life I've gotten the short end of the stick. I am financially illiterate. I have nothing. No car, no home, my only saving grace is that i got lucky enough to land a full time job at a gas station not too far from an apartment that i share with my lovely fiance. + +I'm not interested in get rich quick stuff, most of that is garbage anyways. I'm interested in making something grow out of this. I want to make money, and stop living hand to mouth. + +How do I do it? Where do i start? I tried looking up information on the web, only to get flooded with things that I had to pay a bunch of money for. As stated in the title, and previously in the post, I have nothing. Where do I start with the planning to make it happen? + +To clarify; my goal is not to become fabulously rich. Just something to gain financial security and stability moving forward. +Hi there. +So here is my background : I’m a 25-year old exotic dancer, who’s been stripping for a few years. I have a 710-720 credit score, $35k in savings and a cheap home in the South I purchased for cash. I claimed 65-75k on my last 2 years tax returns. +Right now I’d like to purchase a condo as my second investment property. I’m looking at 100-150k range. But I was wondering if I have any chance of getting a mortgage? I’m a make-up artist on my tax returns plus obviously, I claim an income from renting out that house. I do not have any 1099’s issued. +So what do I do? +So over the past month I have had some major (positive) changes in my financial and personal life. The most important change was becoming the legal guardiab of my 14 year old brother. My mom is mentally/ physically handicapped and my dad up and left 4 months ago to Missouri to "apartment hunt". Also, the house the little brother lived in was infested with bed bugs so I stepped up and intervened. I have been researching ways to start funneling the money ($300/month) he gets from my parents disability from the state of Wisconsin. Some ideas I had were to start a Roth IRA for him so he can be better setup for success post high school than I was. My parents aren't exactly the organized/future planning type of people. Does anybody have any suggestions on how I should handle his finances? +Also, another major change is Ive incresed my yearly income by 110% and Im starting to have more money than Ive ever had. Any tips or books you reccommend I read so I can create some sort of passive income while I'm young and have the energy to work a lot. The goal is to eventually have enough cash flow from rental real estate to replace my income. Any thoughts? + +Take care guys! +So for most of my life I've gotten the short end of the stick. I am financially illiterate. I have nothing. No car, no home, my only saving grace is that i got lucky enough to land a full time job at a gas station not too far from an apartment that i share with my lovely fiance. + +I'm not interested in get rich quick stuff, most of that is garbage anyways. I'm interested in making something grow out of this. I want to make money, and stop living hand to mouth. + +How do I do it? Where do i start? I tried looking up information on the web, only to get flooded with things that I had to pay a bunch of money for. As stated in the title, and previously in the post, I have nothing. Where do I start with the planning to make it happen? + +To clarify; my goal is not to become fabulously rich. Just something to gain financial security and stability moving forward. +So, we bounced off of $130 pretty hard several times between the pre-market and the regular trading hours. Then we broke that and closed just above $135 after hovering just below it for about 2 hours leading up to close. As soon as we closed they hammered us down in the first 30 minutes of the AH, on some leaked news reported by a single tweet, 30 minutes before the official announcement. + +This tells me that $130 hurts them, $135 is probably pants shittingly terrifying, and if we can hold it above $135 for over an hour tomorrow, or even hit $140 then we are probably off to the races, with smaller shorts getting calls from marge that they can't resolve, so they will get liquidated. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[���� Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Well, as I predicted, they kept the price over $50 so that the stack of 10,000 (yes, ten thousand options) Put contracts didn't get executed. That tells me that they aren't just tanking the price, and that they are playing the options spread at the moment. + +It also tells me that they are scared shitless of shares needing to be delivered and taken off of the open market. They'd rather keep the price boosted over $50 to stop delivery than to risk an extra 1,000,000 shares getting into long hands. + +But, thankfully, that also let's us know that they're still playing the game. If they were giving up and going into all-or-nothing mode, they wouldn't give a shit about the deliveries. They'd either flood the market with 25,000,000 FTDs while tanking the price to cover at $20 while hoping they have enough left over for the fines... Or they'd cash out what they have left now and file for bankruptcy while leaving the clearing houses to pay the bad debt. + +No, they're still planning on finding the cheapest way out of this without any (or minimal) legal trouble. That means we're still getting paid. (Eventually...) + +I've been watching this for a while now, and I think I've gotten a hand on what they are doing. This coming week will be the tell-all... And I'm going to explain why I believe the price can only go up... + +So. Let's crunch the 2/19 option chain and see where this train is headed... - This Week, oooon Gaaaaaame Theeeeory!... *queue intro music*... + +Current price $52: + +Put ITM: 59,434 + +Put OTM: 346,288 + +Call ITM: 29,930 + +Call OTM: 87,111 + +At Current Price, a total of 89,364 option contracts are ITM. + +Now, let's look at possible price movement. See, they are keeping $GME at the line of demarcation between the single-dollar price change contracts ($41-$42-$43-et al.)... And the five-dollar price change per contract ($50-$55-$60-et al.) + +That means that for every dollar that the stock drops, it executes a new Put option contract... But it would need to climb five dollars to execute a new call option. That's why I told you in the last thread that they are playing between the $50-$54.99 range all week. + +See, because of the contract price structuring, it actually costs them MORE to knock the price down any lower. Allow me to explain: + +Lets look at both the Call and Put sides of the option chain... And for the nearest $10 swing in prices... + +There are 29,337 Put Options for $40-$50 strike. + +There are 2,459 Put Options for $51-$59 strike. + +There are 13,187 Call Options for $40-$50 strike. + +There are 3,066 Call Options for $51-$59 strike. + +Now, lemme explain why I believe this matters in predicting where the price is going to drift this week. + +If the price were to drop by $10, the net difference would be an ADDITIONAL 16,150 options that would be executed because of the contract price structuring. 10 Put Options would become in the money. + +Conversely, if the price went UP by $9, the net difference would be 507 extra contracts that would be able to be executed. Because of the price structuring, only two new Call Option strikes would be able to be executed between $55-$59. + +If we were to just look at the next five Put Option contracts below the current strike price, it equals up to 22,175. That means if the price were to DROP $5, they would need to find delivery for an EXTRA 2,217,500 shares. + +If the price were to go UP by $5, they would only need to find 85,600 extra shares to cover the extra contracts that would be ITM at $55. + +Let me say that again. If the price goes DOWN... It takes MORE shares off the market because of the Put Options going in dollar increments, while the Call Options go up in $5 increments. + +It is also interesting to note that ending the week at $59 would cause less deliveries than ending at $55. + +My hypothesis: They can't hold the price at $50 this upcoming week simply due to the lack of shares available and the buyer demand staying so consistent. We only had 12mil-13mil volume the last two days. The shares are drying up. + +So if they can't hold the price steady, they need to decide which direction to move it. And based on the math, moving the price UP would save the shorts money by causing the lesser of two evils in extra deliveries. + +But one thing is for sure. They can't let the price tank any lower this upcoming week. It would trigger too many new deliveries. + +(There's actually some serious game theory that says the best move to trigger the squeeze would be for us to ALLOW the price to drop to exactly $39.99 at close of next week... as odd as that seems) + +So what's my non-financially-advising-crystal-ball predict that this weeks close will be on 2/19?... + +$58.47... + +They are going to allow some big single-day swings Tuesday and Wednesday to send the stock price from $52 up to tickle the $60 mark so that they can go balls-deep selling $60C Premium... And then they will hold the price just below the line. + +The next target after that would be $69 (giggity), as there is a large off-set of Calls vs Puts at $70 that would cause the delivery equilibrium to start going net positive again. I just don't think they're going to let us get $19 in a single week, as that would cause retail investor interest to start going up again. + +Tl;dr: We end next week at $58-$59 and the slow bleeding continues until the week of Feb 26. + +I'll be back when I finish another model I'm working on... +Here is my original post. + +https://www.reddit.com/r/personalfinance/comments/8ydunf/had_a_surgery_someone_in_the_operating_room_was/?st=JKLQSYXU&sh=559a27d2 + +I resubmitted the claim to my insurance. They got back to me and said they paid their max on it. +I received the letter from collections shortly before I left the country for vacation (I left July 16) and when I returned last week, I had an updated invoice from the nurse’s billing office dated 6/26 saying I only owed $88.93 because they reduced the bill to $210.98 and my insurance paid $158.23. The math isn’t quite right but I was excited! When I called the billing office to pay, they said it had already been longer than 30 days and so it was with collections and I could only deal with the collections agency now. In their (nurse’s billing) letter it stated that if I did not pay the $88.93 within 30 days, I could be held liable for the full amount (almost $4000). I called collections and they said they would settle with me and asked how much I’d be willing to pay. I told them $88.93 and they said no. I’m not understanding now how the nurse sent an invoice dated 6/26 for $88.93 and collections sent a letter asking for $3998.49 on 7/13. My attorney advised me to send a check for $88.93 to the nurse’s billing office and write “full and final payment” on it. I have done this, but I’m concerned about the collections company reporting it to the credit bureaus. They gave me until August 5 to pay, but my attorney said he got it extended. I don’t know what I should do now and I don’t know how collections can demand $4000 for a bill that was adjusted to $88.93. What can I do about collections if paying the $88.93 to the nurse’s office doesn’t work? How do I protect my credit? + +Here are the two letters: +https://imgur.com/gallery/p9diek6 + +[page 2](https://imgur.com/gallery/onjwige) +https://www.reddit.com/r/Superstonk/comments/u7xe8g/this_the_most_important_rule_about_the_moass_apes/?utm_medium=android_app&utm_source=share + +Please get this to the top. Potential MOASS stopping rule. We need to take action. + +I haven't been holding all this time to lose this late in the game. +Hey guys, + +I hope you are doing fine. I want to share with you the dashboard I have created during these last weeks and present you all the functionalities that you could use to enhance your trading strategies. + +# - Trending Stocks Pages + +In the pages *Trending Stocks* Reddit, Twitter, Google Trends you have a list of the stocks that have been disccused the most in each of the social network. For Reddit, you'll be also able to select a specific thread and time granularity to check the stocks that have been discussed the most in these specific subreddit. You will be able to see the Current Trending Score and Previous one, to see if a recent hype is building up around a stock. Same for Twitter & Google + +# - Top Movers + +This page allow you to check the stocks that had the biggest jump in the trending lists specified above. The objective is to help you catch the trending stocks before they become too mainstream and spot them as soon they have an increasing weight in the discussions. + +# - Reddit Trending Index + +This index has been built to show you what kind of performance would you except yourself to have if you had to blindly buy the 10 most discussed stocks in Reddit. In Less than a month the performance is already **+ 122%.** + +You can check out all that at [https://unbiastock.com](https://unbiastock.com/) + +Your comments and improvement ideas are more than welcome +We've seen a lot of posts in the past couple of weeks that paint a very bleak financial future for anyone considering getting into a committed long term relationship (usually a marriage). From trying to hide assets from cheating partners to prenup advice - we've seen it all. + +As someone who's on the precipice of such a commitment, I am keen to hear about the opposite as well: the times that the result turned out better than the sum of its parts. Did a joint investment (one that you couldn't afford alone) turn out great? Did your partner's taking on more family duties enable you to advance your career much further? Do you find value in bouncing ideas off of your finance-savvy partner? + +I want to hear it all, I'm sure many in this sub would benefit from that as well. Thank you and happy new year! +Posting this on behalf of my sister, who just found out you need to be on reddit for 7 days before you post. + +## Hi all, + +I signed up to this on the advice of my brother who comes here all the time. I have got myself into quite the hole, and he just talked me out of ringing up to declare bankruptcy (may have been overreacting). I am 24, and I have made some terrible decisions since I moved to Melbourne, Aus, especially in regards to loans and credit cards (you have heard it all before). + +Here is the situation: + +* I am permanent part time and earning about 1488 a fortnight after tax. +* I owe $6800 on a personal loan, which I think has just been sent to a debt collector (its been paid out in my NAB account, with a Loancover rebate of 60 bucks (I have no idea what is going on here, the loan is about 7-8 weeks overdue, but I haven't had any contact from NAB that I know of?). Is this normal?. +* I owe $4300 on a credit card, also with NAB. (Minimum repayment 160 combined for CC and Loan) +* I owe about 9.5 grand on a car loan (154 a fortnight). +* 1500 on a flexirent for a laptop (65 a fortnight) +* I have a few other miscellaneous debts (afterpay - deleted now, a parking fine gone bad) which total to about 40 dollars a fortnight + 90 for phone and internet. +* Rent is 355 a fortnight in a share house. +* I have about $100 a fortnight in medical and petrol I can't really get out of. +* maybe 30 a fortnight for water/elec etc. + +**Summary:** + +In: 1488 per fortnight + +Mandatory Out: \~1050 per fortnight. + +I owe about 1000 dollars due over the next 2 weeks, of which my car loan is included and they say they will repossess the car. I haven't looked after the car very well, and it has a gear box issue, so its worth significantly less than the loan. It's also a fixed term loan. + +Basically, I know I have totally screwed my personal finances but I am hoping that I can avoid going bankrupt. I am looking for additional work which will help, but I doubt my salary will be going up anytime soon at my current work. About 4 months ago I tried to consolidate my loans and didn't have any success, but advice on that would be great. I have changed jobs twice in 18 months which doesn't help with the banks. + +Basically, I would love advice on three things: + +* Do the numbers add up or will I not be able to ever anywhere with these loans? +* Consolidating the loans - whats the best approach? +* Budgeting advice (I just found [r/debtfree](https://www.reddit.com/r/debtfree) which looks great). + +**tl;dr: was a moron in early 20s, need help digging myself out of my financial filth pit.** + +&#x200B; + +EDIT: So much info, thank you very much everyone. Going to take a bit to process and I will try to reply to as many as I can. Current plan is: + +1. Call NAB and ask again to see a financial advisor about debt consolidation. +2. Call NDH to get on the front foot. +3. Make a plan to cut the absolutely non-essential debt like phone and laptop. +4. Make a budget. +https://www.domain.com.au/news/the-pockets-of-sydney-where-more-than-a-third-of-rentals-were-discounted-domain-data-1016125/?fbclid=IwAR24vnCYul2_K2tMPoe1mdUS5of4stSAVZ3zBo45DIn3_Ac1fAPGOJ9GrYs + +This will be fascinating to watch over the next 12 months. With 65% of investors using negative gearing and already taking a loss in the hope for future capital gain. + +This could well be a recipe for disaster if rents continue to fall with zero immigration as thousands of units are under construction in Sydney and Melbourne. That doesn’t even factor in those leaving the cities due to now being able to work from home and move to cheaper outskirts of town + +What’s everyone’s thoughts? +Whilst not an active stock investor no one articulates the value of a long-term investing mindset than Warren Buffett and thought others could benefit to hear his wisdom at this time too - [https://www.youtube.com/watch?v=69rm13iUUgE](https://www.youtube.com/watch?v=69rm13iUUgE) +https://www.domain.com.au/news/the-pockets-of-sydney-where-more-than-a-third-of-rentals-were-discounted-domain-data-1016125/?fbclid=IwAR24vnCYul2_K2tMPoe1mdUS5of4stSAVZ3zBo45DIn3_Ac1fAPGOJ9GrYs + +This will be fascinating to watch over the next 12 months. With 65% of investors using negative gearing and already taking a loss in the hope for future capital gain. + +This could well be a recipe for disaster if rents continue to fall with zero immigration as thousands of units are under construction in Sydney and Melbourne. That doesn’t even factor in those leaving the cities due to now being able to work from home and move to cheaper outskirts of town + +What’s everyone’s thoughts? +Hi all, I work in Risk management space for a bank which includes climate risk. I've come across instances where new customers were quoted insurance costs of >$20k per annum and had to opt out of flood or bushfire cover to get the annual cost below $5k. If course this isn't ideal because these properties are at high risk of being damaged which can result in losses to the banks since the collateral value has been destroyed. + +But from a consumer perspective the high insurance costs will have a drag on serviceability but will almost definitely hold back any capital gains especially in regions where risks are so high that insurance cover won't be possible and banks will no longer lend in these areas. + +From a transition risk perspective there are areas like Collie, Latrobe Valley, Mackay where the local economies are heavily reliant on "dirty" industries and from my bank's perspective we also expect there to be downside risk for home values as these industries shut down. + +While I expect not many people think about climate change and the impact on property prices I expect this to shift dramatically over the next 10 years, especially as insurance costs go up exponentially. + +Just out of curiosity, have you considered the impact of climate risk? How has it impacted your decision making? If not, why not? Are you looking to act on it in the future? Have you noticed large jumps in insurance costs? + +I'm really keen to hear from anyone who is willing to provide feedback. + +For anyone who is interested in how high climate risk is in their suburbs here is a link to a great website. For those that live in high risk areas I'd check local council websites for more granular flood/bushfire maps. + +https://www.climatecouncil.org.au/resources/climate-risk-map/ +Im interrested if there are people who are not heavily invested in stock market right now or pulled out their money recently and reasons WHY? + +And second question. Then if you have some financial resources, what do you do with them? +Perfect recipe for millions overnight? Let your customers pay in deposits, give them that video game called #Trading212 (#T212) they enjoy playing, let them work like drones on that surge throughout the night, freeze the access to the app/web site, then wipe clean their accounts and finally refuse to pay at all, possibly settle for 10% of what you owe them. Simples. This is how your opportunity is being turned into someone's capital - #Avus_Capital in this case. + +Through different circumstances, this is not the first time Avus Capital takes my money. I think they are more of a gambling site that is oriented to take your money away through many different algorithms. Yes, #Trading_212 only gives you an impression of the reality in what they're neatly displaying, but they are just setting a trap on you. + + +Resourceful, young, inteligent future entrepreneurs from around the globe are being denied their full earnings after they sussed a perfect opportunity to better their fortunes. We have established 'People vs T212' (#People_vs_T212) whatsapp group and we are seeking justice following the aftermath of the Sunday's 12.11.2017 Bitcoin cash (#BCH) instrument suspension by #Trading212. If you are one of those people, who lost their account funds due to inability to close your positions or your account funds were simply seized by #Trading212 under false pretenses , we, the #People_vs_T212', recommend you get in touch with us and share your story on our forum. + +Firstly, the #Trading212's_co-founder, if you owed a lot, is going to try to talk you into a 10% settlement. Yep, this is how the rich get richer and get away with robbing YOU OF YOUR MONEY!!! They are professional hustlers and their job is to sit on your money till you bow and agree to their terms. They know people will do that out of desperation or because they don't know any better. Otherwise, yep, they will dare you to take a legal action as they know it is difficult for a single trader, especially a student, who lives on the other side of the globe (Canada, Australia), to take on them. Don't worry, our dear CEO; we will prepare a watertight case and we will expose all those dirty techniques of robbing money from your clients accounts. + +Some folks got their money - full amounts, some got roughly a half, some got peanuts, but most did not get a penny. Yet, the Trding 212's CEO ((#Trading212_CEO)is deflecting the issue instead of intervening in this case of clear customer abuse. The #T212 are being inconsistent, incompetent, greedy, deliberately obtuse and confused while talking to their customers. The forementioned terms pop to my mind when I think of #Trading212 and their Crisis Management. + +When you lose money, then it's fine; when we win money, then we have a problemas not only we aren't paid out, but also we are being accused of illegal activities and all our money is being confiscated under these false pretenses. Seeing it happen, the #Soviet_era comes to mind a total human rights abuse #Stalin style, when all your possessions could be confiscated for any reason. + +Some more have settled, but there are still plenty that are just being FOBBED OFF. + +WHAT IS GOING ON, OUR DEAR #Trading212_CEO and #Trading212_co-founder?? + +IS THIS CASE TOO MUCH TO HANDLE FOR YOU?? + +One last thing; these blank telephone calls I receive, after I revealed my identity to you, our dear #Trading212_CEO and #Trading212_co-founder, are not going to threaten us. + + +EVEN PEOPLE WHO HAD CLOSED THEIR POSITIONS BEFORE THE SPIKE ON #BCH ON SUNDAY MORNING, YET #Trading212 SEIZED THEIR MONEY AND REFUSE TO GIVE IT BACK!!! + + +THEY ARE A SCAM. STAY AWAY!!! +My mom passed away over 2 years ago when I was 22 and my brother was 8. My dad (who is addicted to drugs) was turning left into the neighborhood after school when her car door got hit. Because she was sitting in the back with my little brother, her body saved him. She bled internally and died later at the hospital. My dad waited 4 hours to call my younger sister (f18) and me (f22). It was the saddest day of my life. + +My brother, then moved in with family. He slept on the couch and got verbally bullied. + + +Fast forward to a year ago, he moves in with our dad. He has gone all day without my dad home or food. I’ve brought them food multiple times and often bring more than 1 meal at a time or groceries (kid friendly). + +He’s going to middle school next year and will start to experience the social hierarchy. (Ah I remember those days.) + +It has become apparent that I cannot let my brother continue to live with family or dad. Alone, I currently make $60k annually in Tx and am looking for 2b/2b apartments with my bf (m26). I don’t make a lot at the moment but I know my future is bright and this is a sacrifice I’m willing to make. + +Is my brother too young for antidepressants? +Am I making the right decision? +Should I get an apartment for just him and I? How would I pay for it? What should I do and how do I proceed/move forward? +Over the course of the last 5 months I became a crypto market master. I managed to turn about 2k into just over 10k. Legit was celebrating my awesomeness like a week ago as my portfolio officially cracked $10,000. + +I fucked up. Bad. + +I made a leverage call on Ethereum at 4,000 expecting it to go back up to 4,300ish and to cash in, again. But I was sloppy and I forgot to set a stop loss price. I spent the next week chasing my own tail down a rabbit hole of losses trying to hopelessly save what I could. Before I knew it, liquidated, boom, zero. This happened so fucking fast, it feels like a year since it happened but it's still this week. + + +I'm sitting here with (thank God) the 1 ETH I staked and some change in BTC (like $400). The rebuild has begun. It hurts, bad. No one to blame but me. It's hard to not blame Elon, China, or whoever but it was my mistake. + +And all it took was one. + + +With that said, time to get to work rebuilding, I know I'm not the only one, and there is something therapeutic about coming to a space that you know is going to say "I told you so" and just owning up to your mistake. + + +So my name's Dave, I lost everything to a sloppy leverage play, I'm starting back from zero, who's with me? + +-edit- +Ok technically not EVERYTHING, since I had something staked. +# DAILY DISCUSSION LINK BELOW + +[**You can find the daily discussion here**](https://www.reddit.com/r/Superstonk/comments/qtlx63/gme_daily_discussion_new_to_the_sub_start_here/?utm_source=share&utm_medium=web2x&context=3) + +\----------------------------------------------------------------- + +So, you may already know - we fucked up the post flairs. + +No, not on purpose. We assumed editing the flairs would backdate the old flairs and not fuck up filtering (the button says “Edit” after all...). It did not. RIP. Lessons to takeaway, don’t trust Reddit functionality and test everything on a test sub first. + +As I said to some users, I'd have an update at week end on rectifying the situation after spending the week investigating options with u/Platinum_Sparkles. + +# Reddit uses different filtering methods for Mobile and Desktop + +You may recall that filtering magically disappeared for mobile a while ago (it was not the mods), Reddit changed how filtering worked - which meant it was removed from the mobile app. You probably have the same reaction as I. Wtf? + +Mobile works off of old reddit filtering methods, and desktop works off of new reddit filtering. + +Some examples below on the differences for possible DD: + +New Reddit Filter (desktop): [https://www.reddit.com/r/Superstonk/new/?f=flair\_name%3A%22%F0%9F%93%9A%20Possible%20DD%22](https://www.reddit.com/r/Superstonk/new/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) + +Old Reddit Filter (mobile/old reddit users): [https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22+OR+flair%3A%22Possible+DD+%F0%9F%91%A8+%F0%9F%94%AC%22](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22+OR+flair%3A%22Possible+DD+%F0%9F%91%A8+%F0%9F%94%AC%22) + +&#x200B; + +&#x200B; + +[for r\/Superstonk](https://preview.redd.it/30f34sywkjz71.png?width=919&format=png&auto=webp&s=d09ce94cf5425934c3f18ca85d33a2def6c63967) + +Sadly, Reddit neglected the 65% who use mobile (on our subreddit at least, which is what the above is based on). So we’ve added flair filtering for mobile in the following locations for mobile: + +&#x200B; + +[\(Note, the menu filter are currently using old flairs - once changes occur we’ll update the links\)](https://preview.redd.it/irh06u19jjz71.png?width=934&format=png&auto=webp&s=78a3da0401e75547414a08c242aefee55059c7cd) + +These can be used on both mobile and desktop, but most importantly - they restore mobile filtering as they are based on old reddit filters. For those who use “new reddit” via desktop the filters are available as per usual in the sidebar. + +# Computershare Filters + +As part of the above as well, we’ve had feedback from people who want to filter through the “noise” created by CS posts to get to the meaty stuff. As such, we’ll included new filters which allow those people to filter out CS posts (after you upvote them of course 😉) in the sidebar. + +# The Re-Introduction of New Flairs + +You can find the OG post from u/Bye_triangle [here](https://www.reddit.com/r/Superstonk/comments/qe96t2/weekend_update_extreme_makeover_home_edition/) which first introduced the new flairs 22 days ago (as of writing). + +The “new” flairs as announced previously: + +* 📚 Due Diligence: For all DD +* 📚 Possible DD: Partial DD or DD that needs further validation +* 📈 Technical Analysis: For all posts that try to predict and/ or analyze movements in the stock using technical indicators. +* 🤔 Speculation / Opinion: For theories that don't have a solid foundation of evidence (it's possible that we see cross-over with the Possible DD flair) +* 💻 Computershare: For all the beautiful purple rings, DRS posts +* 💡 Education: For posts that focus on expanding understanding in a specific topic or concept +* 📰 News: For any and all news and updates. +* 🤡 Meme: For memes and the like +* 👽 Shitpost: For shitposts +* 📳Social Media: For sharing all the tweets this community loves so much +* ☁ Hype/fluff: For general hype posts + +(won’t bother with the mod only flairs) + +In addition to those we’ve added back: + +* 🗣 Discussion/Question: An important one as the intent of it is to spur conversation, honestly an oversight as it’s a key flair +* HODL 💎🙌: It’s apart of ape DNA, nuff said (originally intended to be in Hype/Fluff but it has a greater meaning than that) + +# But I Can’t Filter for the Old Flairs!!! + +Correct, you cannot. Our fuck up as mentioned before. We investigated and researched a few options to rectify this - sadly “reverting” back is not an option. We tried to do this as the first port of call, but Reddit’s funky fucking system does not recognise a new flair in the exact same text/emoji format as before for filtering (yeah - it’s been a pain in the ass, Reddit Admin - if you read this, please make post flairs more user friendly). We also looked at Including multi filters for old and new flair links, nope - it’s a mess and is just not an ideal experience (unless you’re using old reddit, which is a minority). + +The solution that we’ve arrived at, which I’ve written and tested on our test sub (yes it’s a thing now, so we don’t fuck things up again), is a bot that changes historical post flairs to match the new flairs which will resolve the whole filtering issue and essentially returns flairs to its “normal” state. + +The following are the mapping of the flairs \[New Flair\] ← \[Old Flair\] + +&#x200B; + +[\(Note AMA has been applied inconsistently, so I’ll be hunting them down and changing manually, also changed Due Diligence back to red background colour because it’s OG\)](https://preview.redd.it/ulor877ejjz71.png?width=745&format=png&auto=webp&s=face5f70942e959b894b1fddc510a21183860ce6) + +Looking at the above mapping, you may think - why the fuck change the flairs? If we knew it fucked up filtering when editing them, we would not have touched it with a 10 ft stick. As the majority of them were changing wording/emojis. Big oof. + +# Next Steps + +**Request for Feedback** + +The bot ***has not started***, I want to collect feedback beforehand. So shoot the shit below in the comments. Maybe there is an elegant solution that has slipped through in our research! + +**Mapping Old Flairs to New** + +Gonna approach this with caution (unless some genius Redditor points out a really simple solution) by starting with the least valuable flair's first. This is in case something goes wrong - it’s been tested extensively in the test sub and has been trialed out on top 10 all-time posts, however better safe than sorry (yes, the irony is not lost on me haha). + +These would be things like mapping social media, hype/fluff etc.. first before moving onto the flairs that are important; DD, Possible DD. This makes it easier to monitor, assess how it’s going etc.. better risk management really. + +Cheers everyone, thanks for bearing with us while we fix the hole we dug ourselves 😅 + +Thanks to those who helped us out and voiced their thoughts to guide us, in particular u/jkhanlar and u/bah2o \- who productively gave us help when it came to flair filtering links and ideas. Big ups and much appreciated. + +P.S. We're recording CS Part 2 AMA next week. We got the clarification questions and some more juicy ones loaded. [Find part 1 here](https://youtu.be/LVEJo87jejo). +You may have heard the term "anti-fragile" used to describe Bitcoin's progression. Bitcoin has been through a laundry list of trials and tribulations. + +The WikiLeaks debacle. +The Mt. Gox hack. +The 2013 bubble and crash. +Several hostile hard forks. +The 2017 bubble and crash from the IPO mania. +An IRS crackdown. +Political uncertainty and PR campaigns. +Bans imposed by countries. +The current bubble and crash from the NFT mania. +And again this year from the technology sector collapse. +Countless other things I'm forgetting. + +But a true recession is something Bitcoin has not yet faced. The "smart money" is dumping their risky investments, Cryptocurrency being one of the riskiest assets. Bitcoin is going to be politically and reputationally vulnerable for quite some time. We have no idea what's going to happen or how far down Bitcoin will go. + +That being said, all these things are just another slew of trials and tribulations that will make Bitcoin even more resilient than it is now. + +This is history in the making. +We are still in the beginning phases boys. There will be billions of dollars pumped into this over the coming decades. Most people still don't even realize or even care about this stuff yet. + +Everyone is saying it can't be done. Everyone laughed at Mr. Lamborghini when you decided to go from making tractors to Super Cars, now look at what he has built. + +20 years ago people were freaking about "texting" from their $400 flip phones. Now look how fast time have changed. You can make HD video calls with 100 people in 100 different countries, at the same time. + +Only 3 million members here, and probably half of them aren't even active. We are so early boys it doesn't even feel real. +I get ass blasted by wholesaler emails on a daily basis. On the rare occasion, an actual deal shows up, but 99.9% of the time, they send out stuff that's wildly overpriced with tag lines like MASSIVE UPSIDE!! 6 FIGURE PAYDAY!!! THIS ONE WILL GO QUICK!!! Sorry my guy, it's none of those things, and I can't decide what's funnier, the crazy ask price & ARV's, or the hilariously low "ONLY NEEDS 20K" for the house looks like it'll blow over if a strong autumn gust rolls through. +We (wife and I) have good credit and a good amount of capital to get started. We are in a decently sized town and unfortunately real estate is booming. I have so many questions. + +* How can you "choose" good tenants without running afoul of the anti discrimination laws? +* How do you narrow down neighborhoods to look in? +* Any recommendations for sites and calculators to analyze properties with? +* I heard someone on here say "property managers are shite".... however, I know people who own properties who are always chasing issues......... what's the deal? Should we even bother if we don't want to manage the properties ourselves? Are there good property managers? +* Whats the deal with rental mortgages? Are rates different? Is there a threshold on the # of units before it's considered commercial? +* What's the deal with the eviction moratoriums? Any horror stories? +* Should I just keep plugging my money into the stock market? Maybe buy some REITs to get that diversification? + +Thanks! +I'm looking to make my first real estate investment, preferably in a duplex. However, in my area of California, they range around $300k-$450k, so I'm a little worried about putting between $60k-$100k down for something I'm not too familiar with. + +* With your first property, what was its value and how much did you put down? +* Also I know this is market dependent, but how much should someone put down (in terms of dollars, not percent down) for their first investment? + * I'm guessing it's "however much you're okay with potentially losing, and then some". +I'm looking to make my first real estate investment, preferably in a duplex. However, in my area of California, they range around $300k-$450k, so I'm a little worried about putting between $60k-$100k down for something I'm not too familiar with. + +* With your first property, what was its value and how much did you put down? +* Also I know this is market dependent, but how much should someone put down (in terms of dollars, not percent down) for their first investment? + * I'm guessing it's "however much you're okay with potentially losing, and then some". +Just saw this today and it blew me away. Check out this transaction of 420420.6969, which is about 1.9 millions dollars, being sent back and forth to another wallet about 30 times. + +&#x200B; + +https://preview.redd.it/dljyu0a44dg71.jpg?width=559&format=pjpg&auto=webp&s=3cb09fd3f1d30ad48776ac91f3dbeac2b917ee6c + +Tell me that isn't amazing. Nano works like how people who have never heard of crypto think crypto works. Stuff like micropayments, tipping and even regular retail shopping is futile when there are high fees associated. In my opinion, fee-less transactions are absolutely paramount for wide-spread crypto adoption and for it to be a true cash like equivalent. +[Update] WOW!!! THIS IS INCREDIBLE! I just came back from the city and log into my reddit to see the overwhelming number of responses. This is amazing, thank you all! I'm going to sift through everyone's responses and figure out what works. I hope this thread is useful for others as well and has given people ideas. + +Thanks again everyone! :) +Tl;dr High probability of lay off. Do I take the hit in taxes to pay off credit card debt with 401k and start anew? + + +After my department at my employer has come to an abrupt end the future looks dim. We are a small group and promised positions in another department, however they simply do not have work/volume either. The writing was on the wall with my department and I feel it is with my employment as well. + +If we are laid off, I have debated A, using the 401k savings to pay off all CC Debt. Or B, actually using one of those debt consolidation companies (and destroy my bad but never delinquent payment credit score even more for 5+ years) But if I'm not working a consolidated payment won't be much help either. + +The credit card debt is really whats worrying and hurting. It has been for some time and I should have focused more on that this past year while times were still good. I guess I'm looking for justification getting rid of my retirement savings in favor of getting debt free. Below is relevant information. + +32 Years age. +35k vested in 401k after market hit. +Emergency fund: zip 🦗 +CC Debt: $37,120 +70k year salary before department closing. +Car loan: none +Car insurance: set aside $30 a week. +Mortgage/insurance/taxes: essentially zero when roommates are factored in. I'm not counting rent as a net positive just for planning. Before this I was using the rent for paying off CC. Now it would be for mortgage payment. + +I know I dug this hole and I have already gone cold turkey no CC use for months and paying slightly above minimums. The hole is just already there and big now. Thanks for any objective, sound advice. + + + +⚠️📢 +Edit for Questions: man this blew up and was a needed smack in the face. + +The renters payment was/is going towards the CC Debt. Unless layoff happens. I haven't been using the CCards at all past several months. + +I still have the job. + +The debt was racked up over years and exacerbated after I closed on my house. Lawn mower here, new fridge there, new ac here because I wanted to be comfy. I know this was probably the biggest mistake next to having no emergency fund. + +Is my home and 401k protected in bankruptcy? Does it depend 'which' bankruptcy it is? Not leaning towards this option but rather the consolidation route if anything. + +I am leaning on the, cut all unnecessary spending, cut the C Cards out (already did), use the renters money for paying down debt while I continue to pay the mortgage which is what I have been doing. The idea of being laid off wasn't even a thought until a few days ago. + + +I am actively looking for a better role elsewhere as well as others have said even a side job if this position holds. +Lets say you bought a stock at .0001 per share (unrealistic hypothetical price) and had 50 million shares and then it magically went up to a dollar. You sell your stock in an exchange on your phone and now you're an average person with a regular bank account and some savings sitting on 50 million dollars in an account. How would you go about protecting your money and how would you withdrawal most of it? curious about this because I feel like this isn't talked about enough. +Hi everyone, + +&#x200B; + +I run a food and beverage distribution business where we sell product brands to cafes, restaurants etc. + +Since the lockdowns, it feels like a major roadblock. + +&#x200B; + +Anyone here in a similar situation? And what are you doing to stay productive for your business? +I really hope Aqua bounty succeeds because I think that aqua culture is the only way to win the fight against over-fishing. + +If their product (genetically modified salmon) takes off then this market can really start to develop. I can only dream about the industry getting to the point where we could have an aqua culture for all the other over-fished species in the world, like blue fish tuna. + +So per the title, do you value any companies in the same regard? Be it a a company with trash financials, or great financials. +Anybody have any experience with this? I’m a very active trader but do not meet the IRS definition of a “day trader” in order to take advantage of the way they are taxed and some of the deductions they can take. Made about $110k this year trading. I’m planning to talk to an accountant and probably a tax attorney. Any advice or experience is welcomed. +Thanks in advance!!!! +I understand that preferred stock pays out more in dividends, and is preferred in the case of bankruptcy. But why should it not appreciate as much as common stock? + +If the company is worth $1m, with 100k shares, then a thousand shares of either preferred or common stock would amount to 1% ownership. If the company goes up by 100% to $2m, then I have gained $10k, being that I own 1% of a $2m enterprise with 100k shares. So why does it matter if my ownership is preferred or common? +I turned 18 in August and started working for Target as my first job. I only applied because they start u off at 15 an hr. However I’m a college student and the way there scheduled is crazy. I’m scheduled for 4-11 but I usually stay til 2am because there understaffed and don’t want to hire more employees. I also never I mean never get weekends off. I had an interview for a fed ex position that pays 17 an hr and the hours are way better (5-9) Monday through Friday. I’m just afraid this will look bad on my resume in terms of building experience to a hiring manager that I quit after 6 months. +I have 1.2 million of collateral in my trading account. It requires about 5k in collateral to sell these contracts. I was thinking of selling 200 of these calls that expire next Friday, and let theta take a hunk of it off before I buy to close. I know everyone believes this is pennies in front of a steamroller but I think the steamroller is really far away and I’ve got time to pick up the pennies. +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. +Currently live, you can watch it [here](https://www.bnnbloomberg.ca/watch-live-powell-addresses-house-financial-committee-1.1490838)... pardon the Canadian website. + +This is continuation to my [post yesterday](https://www.reddit.com/r/thetagang/comments/lqhc5o/lets_not_panic_here_this_selloff_is_a_healthy/) (that kind of blew up, thanks for all the awards!) - this is crucial to understand what the Fed will do re: the risk of rising inflation, which could have an even bigger impacts on markets than rising T-yields. + +Edit: He reaffirmed that their long-term inflation goals remains at an average of 2%, which means they would be comfortable if in the short term it would go over 2% +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. +Sup thetagang? + +I would like to hear some opinions on something I have been thinking of lately. + +Quick background: +- small trading account (<$1000) +- low expendable income (~$200-300/month after expenses) +- excess lifestyle items that still have value (project car, gaming PC, sound equipment, PC hardware, etc) + +I have been building a trading account for a while now, however it is taking a long time as you can imagine. It will be years until I hit a 5 figure account. Decades until 6 figures. Even with steady growth. + +So my question is: Would you sell the excess/hobby stuff you own to fund a trading account? I am thinking of this in the way of forgoing short term pleasure/comfort in exchange for a larger portfolio and all the benefits that come with it. + +If I liquidated all my stuff bar the bare essentials, I could inject my trading account with a relatively significant figure (estimate $15-20,000). This would expose me to a lot more strategies and positions and I could be at a 6 figure account in a few aggressive years. + +Opinions? All welcome. Maybe I am being silly. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +It seems that everything I have my eye on is mostly overvalued IMO, I already have option positions on them, or too risky for profit. I am sitting on about 75%cash and would like to make a trade somewhere, but the market today seems pretty flat + +Maybe after some earnings start coming out this week we will start to see some wild swings again so I can take advantage of. + +I would like to short Tesla here but you never know with earnings. Ill sit and wait it out +So I have been looking into 0 DTE ICs on the major indices like SPX and I found that you can sell an approx. 10 delta 0 DTE Iron Condor on SPX and receive \~$1,000 in premium with a Buying Power requirement of \~3x that amount. This IC has an 83% POP and at 10 delta would be higher than the expected move of the SPX. With a proper stop loss in place of around 2x the credit received could this be a viable strategy to make fairly consistent gains while ensuring that any loss from a big move upward or downward is capped? any opinions or suggestions would be most appreciated! +Literally watching the online user ticker, right as earning call ended and the AH price tanked, boom +40k users online. + +HODL the line, the bots and shills are back with vengence! + +and just to add general discussion suddenly got bombarded with "Why don't they care about us, we did everything for them" "We deserve more" "This isn't fair" "i can't do this any more" + +FUCK you bots and shills, this is a dip for ants! + +250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit +Hi all, + +So during the lockdown I had some extra time and decided to finally read the book Warren Buffet considers "The best book on investment ever written". I was skeptical since I had read comments like "It's old", "value investing is dead", "Even Buffet cannot beat the S&P 500 in recent decade" etc. I will not try to summarise the book but will mention my quick review in points: + +1. Yes this book is OLD. But what feels old are the references the book uses to make its points. The fundamental principles the book is trying to teach seem as relevant as ever. +2. This book is NOT for beginners. Please don't read this book if you are very new to investing. The book at many times throws terms and references which complete newbies will find trouble following. You will better enjoy the book if you already have a rough idea of some common investing terms. Also, if you are already into investment, you will be able to find the logical current analogue of the references that Graham makes. +3. The commentary by Jason Zweig is AWESOME. Be sure to pick the commentary version since it completely enhances the readability and relevance of the book. He shows, through more recent examples, as to how the principles Graham is talking about are still relevant. +4. This book is INTENSE. It will take a lot of time and energy to go through the book. It reads more like an intense course book than a typical non-fiction book. But I felt it was all worth it for the insights it gives you. +5. Try to understand the underlying message rather than focusing on the specific numbers or names being talked about. Of course, the exact value/method of Debt/Equity, PE etc. Graham talks about may feel outdated but the underlying principles seem as fresh as they were then. +6. Value Investing and Growth Investing can work together. The book never says anything inherently negative about "growth stocks". In fact it does mention that these "growth stocks" can be bought at reasonable prices. If you are familiar with some basic principles given by Peter Lynch in this regard, it would help a lot I think. + +I'm relatively new to investing myself so only time will tell if I will be able to translate these learnings into actual returns. But I feel much more confident of making independent stock buying/selling decisions after reading this book. And for that alone, it was worth it. + +Cheers ! +Hi beautiful apettes and apes, + +most of you know us by now, we, the team of [WWW.DRSGME.ORG](https://drsgme.org) have set ourselves the goal to make DRS known beyond the borders of Reddit and to cause a revolution in finance. It's been just under 3 months since we went online. Those who know us have surely witnessed how we have been working hard every day since then to make the site more comfortable, more user-friendly and also more useful for everyone. + +It has been admittedly very difficult for the team in the last few days as we have to deal with hate messages, threats and insults on a daily basis. We are ridiculed and accused of being crooks and rip-offs to top it off. + +We understand that it is very difficult to earn the respect and trust of the community. We are confronted with corruption and crime on a daily basis here in this sub. But we have nothing like that in mind. + +We have always said that we have full transparency about the fundraising campaign. Why don't you visit our sub page and click on the "Campaign Progress" button to get details about the payouts of the donation page, the planned campaign and keywords etc? + +Our 2 marketers, [u/Keichavik](https://www.reddit.com/u/Keichavik/) and [u/pmxller](https://www.reddit.com/u/pmxller/) are full professionals and make their money from these topics. We are always ready to discuss with you at eye level and with proper manners. We will not comment on hate comments or stupid taunts. Feedback is always welcome, we would like to keep you updated on the status of the campaign in the coming days. + +**Allow me a personal note on the side:** + +I've learned a lot along the way, I've made friends, and I can't wait to visit them in real life. We are a team of independent and self-thinking GME investors who work as a team of designers, writers, project managers and much more. All of us do not earn a cent from this project. We do this in our spare time, so sometimes we may not respond immediately. Please understand that. I would also like to thank the moderators who treated us fairly and are friendly. We have been in exchange with the mods for some time and we also know that our posts are sometimes discussed very controversially - I ask you all to be friendly and fair with each other. We may be apes, but we should be civil to each other. + +**So yeah, check out our Campaign Progress and let us know, if you have any questions.** + +PS: Sorry for my bad english (I heard enough jokes about that the last days, lol). +It's a lot of items I've been watching for months. And a lot of them I've seen with the sale price they've done had maybe weeks ago. But you'll see places like Amazon and others trying to label it as a "Black Friday" sale. + + +It took me a while to really catch on to when people will tell me Black Friday is a scam. But each year I really start to see it more and more. + + +Like one thing I've noticed about Amazon specifically with having items saved in my Wish List. Is they like to play around with prices all the time. You can have something like a set of towels. That when you initially found it was maybe $24. But then a few days later it's $15 then next week it's $30. + + +So be careful out there this year if you are Black Friday shopping. Don't get fooled by these big corporations and their fake sales labeled as a Black Friday sale. Just to draw you in and get your money. It's a dirty game they like to play. +I’m looking at working at 2 different hospitals. One offers a pension but pays less. I don’t know anything about the pension, other than they have one. I don’t even understand pensions! Is it typically worth the lower pay to receive a pension?? + + +Also there is a 3rd job that is salary at 90k and it’s a state job with a pension. Does the state of California usually offer good pension? +Am thinking of moving to a tax haven when I get older. Carry 3 passports. Am willing to get rid of US passport(yes I know about the exit tax). Has anyone moved to a tax haven or always lived in one? What has your experience been? Has anyone decided against it for one reason or another? +I was an early employee at a company that is about to IPO later this month. I am no longer employed there, but exercised all my options upon leaving. It is an exciting time with possibly life-changing money involved, but reflecting back, being involved in this situation seems like such an incredible crapshoot. + +They say "Lightning never strikes the same place twice," so how did you beat the odds? What was the situation? And how much would you attribute to luck vs skill and hard work? + + Have been a long time lurker. Thanks. +I just started an account because I've read so many quality posts in this subreddit. Many thanks to everyone contributing! + +&#x200B; + +About me: mid 40s living in Los Angeles and have always tried to maximize the value of a dollar. Over the years, I've generally found that targeting the 95th percentile (if there is such a thing) for certain luxuries gets the best bang for buck with nearly imperceptible flaws compared to the best money can buy. For instance, the Bulthaup kitchen system isn't going to be a measurable improvement over say Henrybuilt despite the former being 2x more expensive. + +&#x200B; + +Problem summary: I'm having a challenging time differentiating the services provided by high end residential architects to build a 4000 square foot home. It seems local architects without brand prestige but high hard cost builds have nearly identical cost schemes (12%-18% of hard costs). The big names quote 1200 - 1800 dollars a square foot depending on quality of finish (hard costs only). The local architects generally quote closer to 900$/sqft (hard costs only). Under almost all cases, I can't actually visit the properties for any portfolios (big or local) to see where the extra costs are seeping in. Are the big names just risk averse and will only work with the most high end builders, hence the additional premium? Inflation is clearly impacting my area combined with everyone trying to build simultaneously. What advice is there for someone like me trying to hit that 95th percentile in building a home? +As I write this, DOGE is a hair under a $70 billion market cap. I know there’s plenty of new people here loving their sick gainz from their $100 investment, but let me assure you, when it pops it will be ugly. And it will pop. With a market cap that large and so much public visibility and notoriety, this thing will bring down the rest of the market with it. Hopefully, the market shrugs it off and continues the bull run, but I fear with how fucking frothy this market is getting. + +Update: $86 billion USD +When you 1st start out on the FI Journey, its exciting to see your money start to grow and you are learning new things. You feel a sense of pride that you have a goal and are working towards it. + +I would think towards the end, its exciting as your journey is almost over, you can enjoy the sprint towards the finish line. + +But I am in the middle part of the journey. I have read all the books I feel I need to. Everything is automated, I just max out my tax advantage accounts and the rest goes into a lazy 3 fund taxable Vanguard account. My lifestyle is adjusted to living on a smaller portion of my income and I am just used to it. Market movements do not get me excited or upset like they used to. Plus I have to wait until my net worth hit the next 100k before I get somewhat excited and it is not like it used to be when I hit that 1st 10k or 100k. I thought once I got my house paid off I would feel amazing, but nothing really changed, just more money allocated to my accounts. It is hard to put into words, but I just feel the middle part of the journey is the hardest. That being said I do realize not to wish my life away, I am still a younger married guy with young children. + + +While I was generating cashflow through employment, all of my investments have been piled into growth equities (i.e SP500) which has obviously performed very well over the last decade. + +I plan on living off of my savings soon and wondering whether people have switched their investments over to dividends or other assets to generate cash flow, and obviously the tax implications that come with it. +I am a 27m living in USA. I’m a single father to two children. The mother is not around. + +For the past few years, I have been miserable and depressed. I’m sick of living like this. I’m ready to make a change. I am just so scared and have no clue what to do. Should I go get a second job and doordash all day and night? I have two kids so I’m not sure how to make that work. My mom was in my same position at my age and her advise was to stop paying. She said it would hurt my credit but eventually they would stop worrying about it... +That seems too good to be true and a google search reveals they could sue me. Should I file for bankruptcy? I don’t have money to hire a lawyer. I’m living off of credit cards... + +Stats: +I owe a total of $39,516. +I make $35,000 a year. Take home about $900 after tax and insurance. And have opportunity for high commission later on. I have not missed a minimum payment yet. + +I screwed up bad. I admit it. Full fault here, no excuses. But I want to fix my life. Where do I start? + + +Credit cards: $22,202.87 $600 minimum payments a month + +Car: $17313.70 $314/month (I refinanced previous debt from a car into a different car. The car is worth like $9k. + +I’m willing to listen to anything. Thank you. +Wish I could say I didn't contemplate keeping it. Can't say I'll see that much money "in my hands" ever, or in a long ass time. + +[Here's the transactions](http://i.imgur.com/taLZ8vs.png) (went past midnight so it's the next day now), [original tx](https://btc.blockr.io/tx/info/21960d620b53bb2762e59d8ad7fa7e34bb5f79a49b78ace806e1b3855a739d58), [sent back tx](https://btc.blockr.io/tx/info/da2807cba0de5038d768e694c040312d9a40a7c6eb3e050bfe983ef6784bf011). + +I was using a site to get some stuff off Amazon in exchange for btc, and one item ($38 worth) wasn't working in my wish list. So I was going to confirm that I received the item after I received $38 as a refund, but got this instead. + +No real point, just getting it off my chest. Be careful sending money out there, it's too easy to fumble numbers. +Dear all, + +Over the last couple of months I've seen many posts of people that got their funds stolen from exchanges. In some cases 2FA was reset without the user's consent. + + +What I have also noticed during that period is ICO's popping up everywhere, asking for KYC before getting "free" tokens airdropped. + + +The KYC procedure often requires sending a passport scan and/or selfie. + + +Now know this...The average price of a digital passport scan on the dark web is $14.71. +If proof of address or proof of identification (a selfie, utility bill and/or driver’s license) is added to a passport scan, the average price jumps to $61.27. + + +That's one way for people to make money using your information. +The next step however could have far bigger consequenses when they use the info to steal your funds from exchanges. + + +Eg. + + +* The target has an account with a cryptocurrency exchange. They’ve set up two-factor authentication on their account, so a code is sent to an app on their phone to verify logins. + +* Through some other means, the scammer steals the user’s password (perhaps through phishing or a data breach or by simply using the same password the user used to create an account on an ICO website). But because 2FA is enabled on the account, they can’t get in. + +* Instead, the scammer poses as the victim and approaches the cryptocurrency exchange, saying they’ve lost access to their phone and cannot get the authentication PIN, and thus cannot log in. + +* The cryptocurrency exchange requests the account holder send a scan of their ID to prove their identity before resetting the 2FA on the account. In many cases, companies will require the person take a selfie while holding the ID, hence the higher price for passport scans with selfies. + +* The scammer modifies the scans from the dark web as necessary to match the demand of the exchange (Eg. name of exchange with date), then sends it to the exchange, still posing as the victim. + +* Upon receipt of proof of identity, the cryptocurrency exchange resets or removes the 2FA on the account, allowing the hacker to access and drain the victim’s crypto assets. Hackers routinely change the passwords and email addresses associated with accounts to make it harder for the account owner to regain control. + + +So be careful who you send your passport scans and selfies to, use a different password for any website/account that is linked to crypto and use cold wallets as much as possible. + +Needless to say that people that sign up for an ICO will most likely have one (or multiple) exchange account(s) aswell... +https://www.reuters.com/article/us-russia-moex-idUSKBN2EZ1XU + +I seriously think we’re undermining the repercussions of $MOEX and the heavy sanctions imposed on the market. When Russia’s stock market reopens I fear there will be a lot of liquidity and margin issues. + +“Foreign funds held 80.7% of shares freely floated on the stock market as of July 1, the Moscow Exchange’s head of primary markets, Natalia Loginova, told media during a webinar. That was up from 65.6% in 2020, but slightly below 83.3% in 2019. + +Loginova said investors from the United States and Canada accounted for 54% of the total, with 22% from the United Kingdom and 21% from the rest of Europe.” + +All the countries sanctioning Russia are major stakeholders in Russia’s market. + +What is the likely outcome of Russia’s soon to be market sell-off? +It seems when BTC is hitting ATHs or Alts are tearing up the charts only my "Crypto friends" are talking about it. As soon as a big correction (not a crash) comes along people are coming out of the woodwork to ask me how much I'm down! To top it off when I let them know the %% I am up for the last year they seem to lose interest. Freaking people man! + +Rant over +*"The Elder Days are gone. The Middle Days are passing. The Younger Days are beginning."* + +― Saruman the White + +Since most of you degenerates have joined during the middle days of WSB (post 2M), I thought it might be helpful to remind you the stories of some of the OG degenerate legends. + +u/1R0NYMAN, **the master of homeless box spreads** + +['no money at risk'](https://preview.redd.it/21yvujixo9971.png?width=635&format=png&auto=webp&s=a990f594a9a435a6d80e230bb87550ca2a6fe917) + +* Discovered an ancient spell of 'it literally can't go tits up' trading strategy called "The Box Spread", a multi-legged options strategy involving both buying/selling calls and puts at the same time. +* Through his wiseness, he came to the conclusion that Box Spreads, if sold at the right time, can get him credit with 'zero risk' because his blood magic told him so +* Out of all tickers, he chose $UVXY (because why the fuck not? It's not like Volmageddon ever happened). He was confident that he set up a play that would net him a guaranteed total of $38k of riskless profit in 2 years. With the right amount of leverage he could scale this up nicely +* Sold hundreds of Box Spreads on Robinhood using margin and got paid a credit for each box spread. His account went [from $5k of his own money to about $200k worth of risk](https://www.reddit.com/r/wallstreetbets/comments/aeqcvt/i_dont_know_when_to_stop/) +* Proceeded to withdraw $10k in cash, because who woudn't? +* If a Box Spread gets held till expiry it's risk free, but that's not how option selling works because there is always assignment risk...and 1r0nyman completely forgot about that +* To make it worse, Robinhood didn’t pick up on the risk level of his box spread trade and actually echoed back to him that there wasn’t a big amount of risk on the trade. Much like other elders here, 1R0NYMAN found a glitch/cheatcode in Robinhood which ultimately added even more fuel to the fire +* Got assigned short shares, -$58k loss, account closed out. Robinhood banned box spreads after the fiasco and emailed its entire client base about its policy change as a direct result of what happened with 1R0NYMAN + +u/analfarmer2, **the paragon of FDs** + +* analfarmer2, a 19-year-old became the true paragon of how OGs traded FDs back in the elder days. He somehow got access to about $100k in his trading account (described as ‘online biz and margin’) +* His first FD was a $110k bet on $ALGN with 2DTE calls. The company announced a share buyback, and shares rocketed the next day gaining him $180k. His account went to $343k +* A couple of days later our guy dropped $170k on1DTE SPY puts, and again got insanely lucky as the market tanked after a Trump tweet about the Chinese trade embargo. [**His trading account was up another $277k up to $646k**](https://www.reddit.com/r/wallstreetbets/comments/cksrsf/spy_puts_277k_profit_in_1_minute/) +* He took another massive bet the following day, buying $600k worth of SPY calls 1DTE. analfarmer2 sold out of his position at a $500k loss. He made a few more unknown trades and found himself down to $41k +* [**3 days later**](https://www.reddit.com/r/wallstreetbets/comments/co31pq/my_final_yolo_40k_into_cgc_calls_expiring_next/) he bought $40k worth of $CGC calls in anticipation of earnings the following week. This was a more responsible trade -- he had an entire week until expiration, just imagine the possibilities. Earnings were shit, the stock tanked and his FDs were now worthless + +u/ControlTheNarrative, **the wizard of GUH!** + +* ControlTheNarrative was so wise that he managed to discover the 'infinite money cheat code' deeply embedeed into Robinhood's matrix and as a result redefined what some consider to be beyond their Personal Risk Tolerance +* He was so genius and so retarded at the same time that through his Robinhood Gold account he took his leverage level to 25x, well beyond the 2x allowed by RH +* From an inital deposit of $2k (minimum balance to access RH Gold) he bought 100 shares of AMD for $4k or so, with margin. He then sold an AMD Call Contracts with a $2 strike to get almost all his money back. He then used that money to buy TWO hundred shares of AMD because remember, margin doubles the buying power, then he sold 2 Call Contracts witht he same $2 strike price to get almost all his money back, which is then doubled again thanks to Robinhood's Margin +* Robinhood let him buy AMD stock on margin that is collateralized by AMD stock he's already sold. The AMD loop he went through made his buying power go up only because RH was absolutely retardedly (even more so than he was) still counting the AMD stock for his covered calls as part of his margin collateral to buy the options. He rinsed and repeated this process until sufficiently leveraged to his Personal Risk Tolerance (25x leverage) +* Finally, he used his increased buying power to 'maximize' gains by loading up on $AAPL put FDs to bet against Tim Apple on an earnings play. Unfortunately, $AAPL destroyed earnings and blew his account +* To make matters worse, [he recorded the market-open and the instant nuking of his account](https://www.reddit.com/r/wallstreetbets/comments/dpnzup/i_recorded_todays_marketopen_and_the_instant/) + +u/MoonYachts, **the leverageborn** + +* Credit. Debt. Equity. Leverage. Long ago, the four nations lived together in harmony. Then, everything changed when u/MoonYachts attacked. MoonYachts was a disciple of u/ControlTheNarrative. Through his master's teachings, MoonYachts also understood that when selling covered calls on Robinhood and if he bought the shares, the stock wasn't subtracted from the buying power. The cash balance from the covered call got added to his cash balance – increasing the buying power by the premium he took in. +* Only the Fed Chair, master of all four elements, could beat him, but when the world needed him most, he vanished. And although his QE skills were great at the time, he had a lot to learn before he was ready to save anyone. +* So it happened, that MoonYachts' Personal Risk Tolerance was from the netherrealm and not even the Fed Chair could match him at the time. By using the 'infinite money spell', he managed to take his [**Personal Risk Tolerance to 250x leverage (a $1M leveraged position on $4k of initial equity)**](https://www.reddit.com/r/wallstreetbets/comments/drqaro/robinhood_free_money_cheat_works_pretty_well_1/) (on $F stock out of all tickers) +* To this day nobody knows the ending of his adventures, but legend has it that banks still hate him for showing us the spell of infinite leverage +Hi. I bought cryptos in 2012 and I've been hodling all this time in deep cold storage. I'm what you would call a crypto millionaire. I'd like to know what other people in my situation are doing regarding the tax man. Do you disclose your holdings? All? Some fraction? Nothing? What are your future plans? What if your net worth goes 10x or 100x or 1000x in the upcoming years? How are you preparing? Do you have or plan to have some kind of corporate structure to handle your wealth? If so, in which country/ies? +# 0. Preface + +I have published some *very* lengthy DDs of late, so let me keep this one slightly more snappy! This question came to me when reading through [u/DarraghGogarty](https://www.reddit.com/user/DarraghGogarty/)'s extremely tit-jacking, speculative thesis on why Ryan Cohen met with Carl Icahn: + +[https://www.reddit.com/r/Superstonk/comments/y7gqdh/carl\_ichan\_is\_not\_going\_to\_buy\_gme\_shares/](https://www.reddit.com/r/Superstonk/comments/y7gqdh/carl_ichan_is_not_going_to_buy_gme_shares/) + +https://preview.redd.it/e8no2q9txpu91.png?width=734&format=png&auto=webp&s=078e869651b6175d7eeca62d29d9f1669099d165 + +There were some questions asked in comments about what this might do for the short positions in both GameStop and the Towel Stock. Specifically, I think some Apes were wondering whether an M&A might result in **forced closing** of short positions, and I believe the short answer to this is: NO. For a longer and more concise answer, see below an explanation by u/Consistent-Reach-152, which is also my understanding of these mechanisms. (If this is incorrect, please let us know.) + +[https://www.reddit.com/r/Superstonk/comments/wynr05/comment/ily8me5/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/wynr05/comment/ily8me5/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/rhmavjfmypu91.png?width=683&format=png&auto=webp&s=2d81bb89805101c3a145685d567e91d51ef68e09 + +However, depending on the nature of an M&A deal, I believe it could lead to conditions where short sellers are squeezed out of their positions. Let me explain further in this DD. + +&#x200B; + +# 1. Types of M&A Deals + +First let us look at the three kinds of M&As: + +**All-Cash Deal**: This is when the acquiring company makes an offer to buy out the target company, by offering a premium above the current stock price. This adds value to the stock held by the shareholders of the target firm, as they would receive more cash for their holding than the share price made at the time of the acquisition offer. The deal would be secured through cash only, as the name implies. + +**All-Stock Deal**: This is a less popular form of financing an acquisition, in which the acquiring firm offers their *own* stock in exchange for the shares of the target company. Typically the respective share prices and outstanding share volumes are used to calculate an attractive offer, such as 4 shares of the acuiring company for 1 share of the target company. Thus no cash is involved in the deal, as it is effectively completed through an "exchange" of shares of the two firms. + +**Combination Deal:** This is, of course, one which contains some portion of the two types above. They could also include other asset types, such as debt of some form (e.g. corporate bonds). + +The most notable difference between the two main methods is that an All-Cash Deal makes it explicity clear what price the acquired company's stock is set at. This thus precludes the possibility of instigating a short squeeze, as natural price discovery is impossible with the target price already being set. An example of such a deal took place earlier this month, as outlined in this article below: + +https://preview.redd.it/r8adqf7o2qu91.png?width=990&format=png&auto=webp&s=21a37e8d0749fb00afa3044d543ce467ebc838e8 + +As I mentioned earlier, All-Cash Deals are the most common type of M&A, as the terms are very clear from the outset. For example, here are the statistics for 2020: + +https://preview.redd.it/ln6kwkwq3qu91.png?width=562&format=png&auto=webp&s=0331a945225db0b75faf6721618ae98637feeafc + +The main reason All-Stock Deals are not as popular is due to the increased risk involved in such transactions. There can be a significant length of time between such a deal being proposed, to it being approved by shareholders, and then meeting regulatory approval. During this period, the stock of the two companies will continue to be traded, giving investors opportunity to price in a "fair" value for what they believe each share price should be in the event of the deal going through. Such uncertainty carries intrinsic risk, hence why All-Stock Deals are less popular than the safer play of All-Cash Deals. + +&#x200B; + +# 2. Redbox and Chicken Soup + +However, I looked into what effect such proposed deals could have, when one or more of the companies involved specifically have high short interest. One interesting example is an M&A that took place this past summer involving two media firms, Redbox Entertainment and Chicken Soup for the Soul Entertainment. Here is the press release made by Chicken Soup, on 11th May 2022, annoucing their proposed buy-out: + +[https://www.globenewswire.com/news-release/2022/05/11/2440722/0/en/Chicken-Soup-for-the-Soul-Entertainment-to-Acquire-Redbox-Creating-Premier-Independent-Entertainment-Company.html](https://www.globenewswire.com/news-release/2022/05/11/2440722/0/en/Chicken-Soup-for-the-Soul-Entertainment-to-Acquire-Redbox-Creating-Premier-Independent-Entertainment-Company.html) + +https://preview.redd.it/25kk62kg6qu91.png?width=1249&format=png&auto=webp&s=f5630d935527518b26e12340dfb77085ab8016f8 + +The most relevant part of this annoucement to us here is the following: + +https://preview.redd.it/2whl4myt6qu91.png?width=1238&format=png&auto=webp&s=d9444ec976621391736533ed0f3933b75c163269 + +What effect did this have on the stock of these two companies, during the course of the summer while this deal was playing out? Well, first have a look at the Short Interest in this stock - here is an article from June, when this was all playing out: + +[https://talkmarkets.com/content/stocks--equities/short-report-redbox-takes-the-mantle-from-gamestop-as-short-squeeze-darling?post=357602](https://talkmarkets.com/content/stocks--equities/short-report-redbox-takes-the-mantle-from-gamestop-as-short-squeeze-darling?post=357602) + +*Estimated short interest in Redbox Entertainment (*[*RDBX*](https://www.talkmarkets.com/symbol/RDBX)*) has gone parabolic since early May, jumping from low 50% to mid-100% in the first half of the month and reaching a new record high of 224% this week – a 55 percentage point increase.* + +https://preview.redd.it/mtrfxp0saqu91.png?width=675&format=png&auto=webp&s=e8c51efb3f95f55f65759168132019861cb53bd7 + +My conjecture is that the Short Interest increased in such a way due to "hidden" short positions being forced out into the open, by the surge in Redbox's stock price. And how did that play out? Well, here is the chart from Fintel which also shows massive amounts of FTDs as well, hence likely pointing to Redbox having quite a lot of the fuckery going on with it which has affected our own beloved GME: + +[https://fintel.io/ss/us/rdbx](https://fintel.io/ss/us/rdbx) + +https://preview.redd.it/13y2j0efbqu91.png?width=1081&format=png&auto=webp&s=5be6447492f6fa6e268bbfb8774122a6020ab5f0 + +It is difficult to tell from this chart, but upon the announcement of being an acquisition target for Chicken Soup, its share price fell to a low of $2.42 on May 13th. However the short squeeze that took place from late May increased the price to a peak, precisely a month later on June 13th, of $18.20 - **a +652% short squeeze.** + +Remember, though, that these All-Stock Deals are exchanges of two companies' stock. So what happened with Chicken Soup for the Soul Entertainment's stock? A **+183% short squeeze** here also, again amid very high FTDs, from May 12th through to the day before the deal was finally completed on August 12th. + +[https://fintel.io/ss/us/csse](https://fintel.io/ss/us/csse) + +https://preview.redd.it/ezoo0nnvgqu91.png?width=1070&format=png&auto=webp&s=316b74422676d649793b8e2ad656567760adc214 + +&#x200B; + +# 3. Support.com and Greenidge + +Here is an example of a Combination Deal resulting in a short squeeze, this time from last year. The two companies involved in this case were the NASDAQ listed Support.com and the then-private Greenidge Generation Holdings, announced on March 22nd, 2021: + +[https://www.businesswire.com/news/home/20210322005353/en/Bitcoin-Miner-Greenidge-Generation-Holdings-Inc.-and-Support.com-Inc.-Nasdaq-SPRT-Announce-Merger-Agreement](https://www.businesswire.com/news/home/20210322005353/en/Bitcoin-Miner-Greenidge-Generation-Holdings-Inc.-and-Support.com-Inc.-Nasdaq-SPRT-Announce-Merger-Agreement) + +https://preview.redd.it/s3o7s13sfqu91.png?width=984&format=png&auto=webp&s=058914961a0d9b8d0a0b9e3f16e73995d9603269 + +Again, here is the most notable part which details the terms of the deal: + +https://preview.redd.it/kjdiqv22gqu91.png?width=981&format=png&auto=webp&s=48c5294ca2e6dc5091bf1b8bba1183e4fd6c6d34 + +This was a slower play than the previous example, with the merger finally being completed about six months later on September 14th, 2021. However Support.com began to make the headlines by mid-year, when the 60% Short Interest-stock began squeezing as short sellers struggled to maintain their positions: + +[https://www.cnbc.com/2021/08/30/supportcom-shares-soar-another-40percent-as-meme-traders-pile-into-the-heavily-shorted-software-company.html](https://www.cnbc.com/2021/08/30/supportcom-shares-soar-another-40percent-as-meme-traders-pile-into-the-heavily-shorted-software-company.html) + +https://preview.redd.it/abu4xz23iqu91.png?width=970&format=png&auto=webp&s=534fa58c4229e578a038455f51fad443355df528 + +The final upshot can be seen in the chart, prior to the stock being de-listed in the build-up to the merger: + +[https://fintel.io/chart/us/sprt](https://fintel.io/chart/us/sprt) + +https://preview.redd.it/1xs9swxziqu91.png?width=1454&format=png&auto=webp&s=38cc6411059f777d0d1213ac8d89624b4135525f + +From a low of $2.10 just before the merger announcement, a rally that took it to a high of $59.69 on August 27th, 2021. That's a **+2742% short squeeze** right there... + +&#x200B; + +# 4. DIAC and Dual + +The final example I want to provide is not from the US markets, but further afield to again show what effects All-Stock M&A Deals can have on short sellers' positions. I made a post about this particular short squeeze on this sub back in February, which was an example from the South Korean markets: + +[https://www.reddit.com/r/Superstonk/comments/t10xpr/serves\_them\_right/](https://www.reddit.com/r/Superstonk/comments/t10xpr/serves_them_right/) + +https://preview.redd.it/np9d2jizjqu91.png?width=608&format=png&auto=webp&s=6cceb2ac337a1a0c08a0c6b5669ef71cf3f3f2b5 + +As per the Financial Times article: + +[https://www.ft.com/content/cc21e7b9-f931-4481-a82b-4ed892aa9e10](https://www.ft.com/content/cc21e7b9-f931-4481-a82b-4ed892aa9e10) + +*Short sellers of DIAC, whose trading was halted on the Kosdaq last March because of audit failures related to financial problems, are expecting losses after the company split and merged with its auto parts affiliate Dual through a share swap.* + +*The short positions were worth about $13.5mn at the time of the stock suspension and had increased to $930mn as of last week, said traders. Less than five per cent of DIAC shares were held short when the stock last traded. Investors shorted the company because of uncertainty over the value of an anticancer drug it was developing in clinical trials. But since the trading suspension, the stock’s value has jumped 69 times, while Dual shares have increased more than 1,500 times from Won107 to Won161,000 (US$0.09-$164) on the K-OTC market since September.* + +Yes, you read that right. On just *5% Short Interest*, the company called DIAC had a price jump of its stock of an approximate **+6900% short squeeze**. And as for the other firm involved, Dual, the article does not detail what the Short Interest was. However it was likely slightly higher, as this All-Share Deal saw its share price balloon through a **+150,000% short squeeze**. *That's* *150 thousand %* *for those of you at the back!* + +&#x200B; + +# 5. What does this have to do with GameStop? + +Let me go back to the post I referenced in the Preface, by [u/DarraghGogarty](https://www.reddit.com/user/DarraghGogarty/): + +[https://www.reddit.com/r/Superstonk/comments/y7gqdh/carl\_ichan\_is\_not\_going\_to\_buy\_gme\_shares](https://www.reddit.com/r/Superstonk/comments/y7gqdh/carl_ichan_is_not_going_to_buy_gme_shares/) + +https://preview.redd.it/h8d3zdl2mqu91.png?width=736&format=png&auto=webp&s=a1f8b39c660fff7c56d41e397f3936fd18c49bc4 + +Let us say things play out exactly as specified above. + +We know that Towel Stock is in the "Meme Basket" alongside GameStop, likely by the same short sellers, with very high Short Interest. Should Icahn Enterprises carry out step 1 above using an **All-Stock Deal**, it may result in a similar short squeeze to one or two of those I have exampled above of Towel Stock's shares. And then if GameStop carries out a buy-out of BABY from Icahn Enterprises, which involves an **All-Stock Deal** share swapping of GME, well that could result in a short squeeze of its stock. + +The key here could be the 1-2 combination. Step 1 puts the shorts on the ropes, given Towel Stock's very high Short Interest. But step 2 is the final knock-out blow, as GameStop has likely the highest Short Interest ever seen in the history of capitalism... And if this were to be what takes place in the coming months then, my dear Apes, I believe it delivers MOASS. + +&#x200B; + +# 6. TLDR + +M&A deals typically involve All-Cash Deals or All-Stock Deals. All-Cash Deals are far more common, as it results in an acquisition price being set, but prevents short squeezes. However All-Stock Deals can result in continued trading of the shares of the companies involved. Until the final deal is completed, this could mean large changes to share prices. In this DD, I have provided some examples of huge short squeezes of companies that had high Short Interest, and who were undergoing All-Stock M&A Deals. If such a corporate action were to play out involving GameStop, such as through some collaboration between Icahn Enterprises and RC Ventures/GameStop, it could well mean lights out for Kenny & Friends. +So here I was, earning maybe 10\~15% every two days on SPY spreads, thinking I was making a smart play when I read a random comment that said something to the effect of: + +*I noticed that SPY tends to earn about $10 per month, so I buy a +$10 call for SPY a month out and sell when it hits 1K. I've made 3K the last three weeks.* + +So I tried it out, more cautiously, by buying a +$5 call a month out to be conservative. And I've already gained $300 (%80%) in two days, and switched all my spreads to these. Whoever you are, thank you, and I'll venmo you a pizza if I ever find you :-D + +EDIT: Just so that people understand something here - not only does this position have a higher margin of profitability for less overall risk than my original positions (already a huge plus), it also means that the SPY downturn that occurred today (ironically right after I wrote this) didn't hurt my investment much at all, whereas my original investments in SPY would been in heavy negatives right now. + +EDIT 2: I do actually sleep, so if I stop responding, I'll do my best to answer any questions when I next see them :-D For everyone who appreciated this post, happy to help :-D and feel free to DM. I'm also trying to start writing articles for newbie traders since a lot of people seem to be elitist and rude in the trading subs. + +Edit 3: So to make sure people understand what I meant, when I say +$5 call, I mean ***a call with a strike price five dollars above what the current price is.*** When I say +$10 call, I mean ***a call with a strike price ten dollars above what the current price is.*** + +FINAL EDIT : So two things - If I didn't answer a question, please just PM me. I've answered at least two hundred or more between PMs and this thread, and I may have mistakenly thought I answered you and I didn't. If so, my bad, and PM me and I'll answer you as I can (day job notwithstanding). Second thing, if you liked my writing or my answers and want to read more, feel free to hit my Medium blog ([https://medium.com/@patrykbg](https://medium.com/@patrykbg)). I'm starting a blog for beginner investors since so many people were rude, dismissive or obnoxious when I was first starting out, and I wanted there to be a spot where that wouldn't happen. **New post up just today!** + +Final Edit 2: The Return :: Sorry, one last update, just so that people following don't need to scroll down to find out **the status of this play -** + +SOLD - ~~1x SPY 9/28 350C~~ \- ~~the +$5 play that started it all~~ \- ***+$397*** *overall profit, went with the 2x because I wanted to get in on some sweet Tesla and Apple action as well. Mighta even had a 3X but hey, Apple was calling my name, and I had to heed the call.* + +SOLD x1, still 2x SPY 9/28 360C - the play that this post recommends - ***+500*** *overall profit as of 9/2 @ 1:40PM, 111% total profit and the sold one I just bought a replacement one with and banked the profit :-D* + +2x SPY 9/30 370C - bullish test just to see what happens - ***+$300*** *overall profit as of 9/2, 300% profit, I 3X'ed this biotch! WOOOO!* + +*So to all you haters insisting this wouldn't work, was bad advice, and was more dangerous than using butterknives in a toaster to get bread, where are you now? I like how a lot of you deleted your comments because you didn't want people to see how wrong you were, I guess?* ***To everyone else: Good luck with your trades :-D Consider this episode closed - I think we can all see how well this went. PM me if you want, but I won't be updating this section after today, as 3X was my exit strategy :-D Still keeping a few to see if I can go higher ;-D*** +Edited -- found an answer, still welcome any advice + + +I am not an accountant. I help my 70+ yo parents each year with their taxes. TBH -- it's super straight forward, they live off SS and my mom's one job at a drugstore. However, my mother does have a small 401K that because she is over 70.5, she is required to take the minimum disbursement. + +In 2020 - the holder of the 401K changed, and it appears her disbursement was never sent. Does this mean she has to pay a penalty? Any advice on where to figure out how to handle this is appreciated. We're going to call the financial company on Monday - but trying to research too. Thanks! + +Edited to add: I just found an article that [RMDs were suspended in 2020 through the stimulus package](https://www.investopedia.com/articles/retirement/05/011005.asp). Leaving this up in case it helps someone else. +Looking to buy a property (PPOR) as soon as I can access at the very least a 10% discount. + +But how do you quantify the discount? + +Most properties are listed at a range. For example, $600K to $650K. If at the minimum you're trying to access a 10% drop in value, is it 10% off the middle of the range? So 10% off $625K? Or a different figure? + +Any advice would be appreciated! Thank you +I haven’t reached RE yet, however as someone who’s had the chance to take a break in my career, I realized that a lot of my anxiety was in me, not necessarily in my work. I used to think work was what woke me up at night, but realized that my mind is naturally anxious and then anything really took work’s place in my mind - sometimes much more concerning stuff. As such, the motivation to drop work to feel more at peace isn’t something I’ll achieve in RE. Maybe the problem is just me here, not my career nor my clients. And in a way, that anxiety is easier because it’s not really existential. So I’m getting to a stage where I’m thinking doing some work on the side to coast my way through (even beyond FIRE) might be a better option - keep my mind busy, find reasons to look at other problems than my own, etc. + +I was wondering if others here were struggling with this and/or found ways to deal with it? +EDIT: If you you go by Pacific Time Zone that would be 5:04 or MAY THE FOURTH BE WITH YOU..... Gentleman and Gentleladies.... It's been an honor BUYING, DRSING, and HODLING with you all. + +&#x200B; + +Like the title says RC has tweeted at this time for the 3rd time. Using Central Time Zone bc that is where GameStop's HQ is. + +4/29/2022 - 7:04pm + +https://preview.redd.it/cia4c0oj9kw81.png?width=597&format=png&auto=webp&s=8ed9daa4c598ad0db09e646efb17fdf1fb8db79c + +2/9/2022 - 7:04am + +&#x200B; + +https://preview.redd.it/qm0jr3jn9kw81.png?width=602&format=png&auto=webp&s=6d2193c69a2624b36a2299df0a69448b75dcd56b + +1/27/2022 - 7:04pm + +&#x200B; + +https://preview.redd.it/u2nzvkjq9kw81.png?width=604&format=png&auto=webp&s=21f45663a825f8bdc490c48a92126ae47a540f50 + +Also just to tittily jack yall.... In-between the 1/27 and 2/9 tweets he tweeted on 1/28/22 (THE SNEEZEAVERSARY) at.... 5:23 pm + +&#x200B; + +https://preview.redd.it/ipetw2jv9kw81.png?width=542&format=png&auto=webp&s=e7a0358b0892c68cc323588d17ae9ba9c8c7fb05 + +SOOON MAY THE TENDIE MAN COME TO TAKE OUR ROCKET INTO THE SUN! +Weird question but I'm curious. I for the longest time did not realize I was well... poor. It is like in my mind I was just adapting to my financial situation without really realizing how bad it got. + +For me it was one sunny wednesday I realized I just got payed and could get medication for the heartburn I had been suffering from for atleast 2 weeks. Buying it and realizing I had been unable to afford that 2 buck package really got to me. +Biggest set of transactions we've seen so far on [cryptoflow.vip](https://cryptoflow.vip) it seems this has moved the price of btc. + +&#x200B; + +https://i.redd.it/8woif24iv7g31.png + +We can also see that 16 billion was wiped of coinbase market. + +https://i.redd.it/k2wd0cuad8g31.png +In a surprising turn of events, the price of Bitcoin has fallen 2.3% after a previous situation where it instead went up 2.3%. + +An analyst famed for his prediction that Bitcoin would go up at some point, is now suggesting that if the price of Bitcoin does not recover from its downward trajectory, there could be more downside ahead. + +Scott Minerd is reportedly still waiting for Bitcoin to hit $15k. A charity has been set up to send him supplies. + +This news is brought to you by News Organisation (TM). More at 6 o’clock at your relevant time zone. +I've already maxed my Roth IRAs for the year and am putting enough in the 401k pre-tax every month to hit the IRS pre-tax limit by the end of the year. Also maxing our an HSA however most of it gets used for medical expenses so paying those out of pocket is another option. My emergency fund is fully funded and I have no other short term savings needs. + +I have the capacity to save more for retirement and want to one day FIRE. Would like to know what you guys recommend. + +I live in a state with no state income tax and am in the 22% marginal federal tax bracket. + +My 401k (which is with Vanguard) allows after tax contributions up to the IRS overall $55k contribution limit and has an option to roll them into a Roth 401k plan at any time. Note, I can only roll them into my Roth 401k, cannot do an in-service roll to a Roth IRA. + +Should I take advantage of that or just send my extra savings to a taxable account? + +Currently 90% of my retirement savings are pre-tax, 10% are Roth, and zero is taxable. +I'm currently looking into the Fraport stock. Fraport is a company which owns airports in europe and south america. The value of their stock has droped 40% due to corona and has not yet recovered. When do you think will people start to travel by plane again? +Personally i am at a point where i decided for myself that after GME i am done with everything related to the US market. + +No more ETFs with American values, no stocks no FX, nothing. + +My new investment rule number 1 will he: avoid everything US related! + + + +You can upvote if you feel the same; maybe we can get on /all and show them the direction of their strategy in this US investment bubble - no more foreign investors +I just imagine it being a pain in the butt to transfer around come the end of my employment. It won't be vested with this short amount of time. I have my own 401k and Roth that I contribute to, granted these are both after taxes so who knows how effective I'm being. Do I use them to make, essentially, another retirement account to keep track of or just keep doing what I'm doing? + +Edit: The vesting is 25% after a year, 100% after 4 years. I know I will not be with this company because I've burned out from them before. It's a very physically demanding job, and I'm working on changing industries because my body already feels the stress after a month of being back. I appreciate the advice, I'm checking about some management fees that were not originally mentioned when presented this option ($900 minimum annual fee, wth?) + +Edit 2: Thank you all for your help and advice. I've decided to do the 3%, as long as those fees aren't as atrocious as I think they are. If they are then I will just continue to invest outside of the company. I will check to see if I am pre-vested a bit since I've already worked for this company previously. +AMA is now closed. Thank you to all the questions asked and answered. If you are a member of the media and still have more questions, please email press@blomburg.com we will have another AMA soon for those who still have more questions. +I want to have $1 million+ net worth for retirement and I’m trying to figure out if we’re going about it the best way. + +A little background I’m married. I’m 29 my wife is 28 we have a 6 month old and she’s now a stay at home mom due to Covid.We have about $58k in assets $12k of that is in cash the rest is in my pension, her old 401k and some other small investment accounts. We have $68k in student loan debt combined and it’s our only debt. + +Moved in with my mom about 3 months ago to save for a house and we’re saving about $2800/month towards the house purchase.My question is should we be putting some in a Roth IRA as well? I’m already putting 10% away in my pension which isn’t really optional. My income is $76k without any overtime and I get a raise every year... Wasn’t really taught about money growing up so I made a lot of dumb mistakes in my early 20s. + +I have 20 years left in my career. +Hello I am 16 turning 17 and plan to get emancipated, but I must prove I am financially self sufficient. I currently have a job that i don't think would be enough. So about how much would i need each year to live alone? I must mention I am in Nebraska. I found an apartment for $460 and some utilities included unsure which utilities ... I don't need $100+ on entertainment each month or $100+ on clothes so forget that huge expenses. I don't drive I have a bike and the bus is cheap. I don't have student loans, debt, etc. I can live on a cheap food budget, but I'd like to stay semi healthy. That being said I never eat out I cook for myself. Internet would be like $60 as well as my phone bill. I don't have any expensive addictions. Also I can't use any government aid. So what am I looking at? Is it possible? +I'm 26, just got a new job and currently weighing up what to do with my savings. I have a small but decent amount saved, currently in a cash ISA generating 0.05% pa. + +I want to invest long term and start to build this up - I read things all the time about the power of compounding and how I should start early. + +If I lump all of this into an investment ISA to start generating a decent return, I gather this means I should leave this money until I'm 50/60 and forget about it. + +I wont be looking to buy a house for another 5/6 years. However when I do, am I better taking all of that money from the ISA (basically dropping my savings back to day 1), or should I be saving for this separately? + +Thanks in advance! +Just so there is no confusion, I want to start by saying this is ***NOT*** whether I should save for my kid's college **OR** my retirement, this is about saving for both vs. strategically "ignoring" college savings to maximize FAFSA benefits. I am firmly in the camp of "I want to help my kids with college, but they ***can*** take out loans if needed (whether ideal or otherwise)...I can't take out loans for my retirement." + +Now to my question: What to do with excess savings: retirement vs. child college savings to maximize FAFSA benefits? + +Of course this whole question could be moot in 17 years because everything can (and likely will) change, whether that is just a change in how the calculations occur or free college for everyone. But currently, when a child fills out a FAFSA for financial aid, the parent's income and assets (minus most retirement accounts) count against the child decreasing the amount of aid received. Therefore, does it not make sense to maximize retirement savings in Roth IRAs and 401K/403B's, even beyond what is "needed," before contributing to a child's 529 plan (since the 529 ***DOES*** count on the FAFSA)? + +**My situation**: I have approximately $230k in "retirement accounts." I have approximately $25k-$30k annually to invest in one way or another. From my calculations, I only "need" $12k in annual retirement savings to have more than enough to retire in 20 years quite comfortably at age 50. But, if I put 100% of this amount into our Roth IRAs and my 403B for 5 years then I will be "financially free" and able to coastFIRE for the rest of my career (everything assumes 7% annual growth...I know it's an assumption). + +My daughter is 1 year old, but we do plan on having more children. Anyway, I have approximately 17 years until college expenses. Wouldn't it be better to put 100% of my investable income towards retirement now, effectively "hiding it" from FAFSA calculations, then when the time comes just stop retirement savings, instead directing money toward college expenses (through a 529) when my daughter needs it? Plus, it's my understanding that you can withdraw from an IRA for education expenses without fees, if tuition exceeds my available cash (of course, not an ideal situation, but available). + +Am I understanding this right or missing something significant? + +Thanks in advance! + +&#x200B; + +Edit: I was made aware it is a vast overstatement to state my retirement at 50 would be "fatFIRe" - corrected +Current situation. +M (24) +Girlfriend of two years +Occupation: Teacher Assistant +$30,000/year, will move to $50,000/year in 2022 with completion of Master’s and new teaching position. +Personal Savings: $10,000 +Debt: $0 +Current monthly expenditures $1,000-$1,200 + +Recently inherited $80,000. + +Currently, I have $30,000 of the inherited money invested in a Schwab Intelligent Portfolio Individual Account with a very aggressive investment strategy with historical growth rates of 9%. + +Currently, I have $20,000 of the inherited money invested in a Schwab Intelligent Portfolio ROTH IRA with a very aggressive investment strategy with historical growth rates of 9%. + +Currently, I have $6,000 of the inherited money in a short term CD with 2% interest to use towards my masters degree. I will be using the full $6,000 by the completion of my degree. + +Currently, I have $24,000 in an individual Schwab brokerage account with stocks worth $10,000 in Home Depot, $8,000 in P&G, and $6,000 in Excell Energy. This was how the $24,000 was inherited, it has not been adjusted yet. + +With my current savings rate, I am able to max out my ROTH IRA with my monthly income/savings. + +I am looking for advice on my allocations. Specially, I am looking for advice on the $24,000 of stock. Would it make more sense to shift the money towards the S&P? Combine with the Intelligent Portfolio? Keep as is? How do the other allocations seem? + +I am likely 5 years out from seriously considering a home purchase. I am likely 2 years out from seriously considering marriage with my current girlfriend (completion of graduate school). My 2015 Honda Fit has 90,000 miles and runs well. What other large expenses should I be aware of? We are avid travelers, but I am unsure how financially wise it would be to plan a large trip. + +This is my first post on Reddit and would appreciate any feedback from a community I read so often. + +Thank you. +My wife and I are about to buy a house in Austin TX in a very nice neighborhood with great schools(we don’t have kids) where median sale price of houses have gone up at about 5/6 percent every year for the last 3 years due to a small inventory and Zillow predicts the same trend for next year. The house price is around half a million dollars and we are going to put a down payment of 100000 and take a 30 year fixed rate mortgage at 3.5 percent APR. We both work and make around 300k annually together before tax . We want to move to a different city like Seattle within a year of buying the house as we have better career opportunities and opportunities to make significantly more money than we do at our current jobs , we plan to switch jobs every 3 years. I know I have to account for cost of living between the two cities but the pay outweighs the cost of living . I plan to stay in a rental property say in Seattle and put the house in Austin for rent . The rent in the area according to the estimate given by Zillow should cover mortgage , insurance and sales tax . The house is in a good condition but I m not too sure on how much I should account for maintenance which comes out of my pocket . There is a lot of talk about boom in the real estate market here in Austin so we do not want to miss out on buying a house here when we can afford it at a decent price . What I am unsure of is whether this is a good financial move or a convoluted mess . Thanks for reading if you have made it this far . +**PsychoMarket Recap - Monday, December 14, 2020** + +The S&P 500 and the Dow Jones pulled back Monday, with market participants closely monitoring the rollout of Pfizer’s (PFE) vaccine in the US and stimulus negotiations in Washington. The tech-heavy Nasdaq outperformed the other indices, finishing the day roughly 0.5% up. + +Over the weekend, the US Food and Drug Administration (FDA) granted emergency use authorization to Pfizer and BioNTech’s coronavirus vaccine for use in individuals aged 16 and older. Distribution of the vaccine is scheduled to start today and will prioritize frontline health care workers and nursing-home residents. . In response to the vaccine news, analysts at Bank of America said, “With the vaccine now shipping, we expect greater reaction from the broader market over the potential return to normal. However, we caution much work remains to vaccine the population and don’t expect to see major progress until mid-2021.” In order to safely and fully reopen the economy and return to some semblance of normalcy, a safe and efficient vaccine is required. That said, widespread distribution of the vaccine is likely to take a few months, so until then we must all continue to do our part to flatten the curve. , Dr. Robert Redfield, the Director of the Center for Disease Control (CDC) said, “The reality is December and January and February are going to be rough times. I actually believe they’re going to be the most difficult in the public health history of this nation, largely because of the stress that’s going to be put on our health-care system.” + +Moderna’s (MRNA) vaccine, which uses similar technology to Pfizer’s, is under review with the FDA as well and could be granted authorization in the coming days. The company first filed its request for emergency use authorization in late November, about one week after Pfizer’s request. The U.S. government on Friday said it doubled its orders of Moderna’s vaccine to 200 million. + +Today, a group of bipartisan lawmakers unveiled the specific language of their $908 billion stimulus package proposed last week. The proposal will be composed of two different bills. One will include $748 billion for the vaccine rollout, aid for small businesses, and enhanced unemployment benefits. The $160 billion proposal includes aid for state and local governments and liability protections for businesses. Here at Psycho, we think it is extremely unlikely any sort that any sort of stimulus will pass through the Senate until after Georgia’s election and the Biden Administration takes power. + +**Highlights** + +* After a monster day on Friday, Disney (DIS) pulled back around 3.5% today. +* NIO recently signed an agreement with a state-woned electric grid company in China to construct 100 battery charging and swapping station in 2021. +* More than a dozen Google services, including Gmail and YouTube, were experiencing issues Monday morning, interrupting access for individuals and businesses. +* United Health Group target raised by SVB Leerik from $378 to $390 OUTPERFORM. Stock currently around $330s. +* Marathon Patent Group (MARA) target raised by HC Wainwright from $7.50 to $9 BUY. Stock currently around $5.50. +* Fedex (FDX) target raised by Credit Suisse from $322 to $365 at OUTPERFORM. Stock currently around $295. +* Broadcom (AVGO) target raised by Argus from $400 to $460. This one has many analysts upgrades in the two weeks, keep an eye out. Stock currently around $410. +* MindMed, (MMEDF), a OTC company we featured in our weekly newsletter is up 35% today!!! Amazing gain. Company is at the cutting edge of developing therapies using psychedelics. Compass Pathways (CMPS) is another company in this industry, IPOd in September. Company recently filed for inclusion into the New York Stock Exchange +* Anthem (ANTM) target raised by SVB Leerik from $370 to $400 at OUTPERFORM. Stock currently around $300 +* Ambarella (AMBA) target raised by Morgan Stanley (MS) from $83 to $98 at OVERWEIGHT, Stock currently around $88. + +“You will face many defeats in life, but never let yourself be defeated.” - Maya Angelou +Around 2M BNB tokens seem to have been hacked, according to various accounts. + +[Warning from MevRefund](https://preview.redd.it/53u0bp82d9s91.jpg?width=1302&format=pjpg&auto=webp&s=bc1a027054c60ff9a2ab35f1ab898aff3cc41160) + +Transaction: [https://bscscan.com/tx/0xebf83628ba893d35b496121fb8201666b8e09f3cbadf0e269162baa72efe3b8b](https://bscscan.com/tx/0xebf83628ba893d35b496121fb8201666b8e09f3cbadf0e269162baa72efe3b8b) + +Wallet of the potential hacker: [https://bscscan.com/address/0x489a8756c18c0b8b24ec2a2b9ff3d4d447f79bec](https://bscscan.com/address/0x489a8756c18c0b8b24ec2a2b9ff3d4d447f79bec) + +The wallet is moving the funds, first half of it to Venus to leverage it on stables, and then moving it to other chains via Stargate bridge + +USDT has already blacklisted the wallet. + +&#x200B; + +[Various stable pools could get rekt as a lot of BNB has been leveraged](https://preview.redd.it/euocovjod9s91.jpg?width=1320&format=pjpg&auto=webp&s=4af648211b11ce96acd43024edbaf733482bb09f) + +BNB has crashed in the last half hour + +If its a hack, it seems to have happened via Binance Chain to Binance smart chain, potentially indicating that Binance was directly compromised. The wallet in question is now taking up onchain short-BNB positions + +Updates: + +[Some are claiming official BNB Canonical bridge hacked, similar to Axie. ](https://preview.redd.it/jjswr5zbg9s91.jpg?width=1320&format=pjpg&auto=webp&s=6b13fbc1a86ea012365f4c9b4554575ffa66988c) + +If true, this is a massive hack for BNB and a bad day for lotta people out there + +Its official BSC Chain has been paused: + +[Official update from BNB Chain](https://preview.redd.it/33zv943xg9s91.jpg?width=2550&format=pjpg&auto=webp&s=2edeeb911bf98e65539dcd8764f67ddcd6f82068) +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [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! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I own $COTY stock and calls and I think you should too. Stock is a value play with many catalysts. Target $10 to $30 depending in time horizon. + +Here is why I bought 500 contracts of $COTY Calls for Feb 19th $7 strike, almost 5% of Open interest. + +A bit of background first so you can understand the reasoning why I am pretty much all in on calls. Can post pic of my account below for proof. Please do your own due diligence. I have read all of the coty annual reports for the past few years, transcripts, interviews, 8k filings, i even walked to their headquarters in Amsterdam to see if it was open during the pandemic. So, when i make a bet I do a lot of research. + +I used to work at a hedge fund and one of the reasons why I quit was because I realized I was helping rich get richer. I then moved to Asia and lived there for over 8 years. I learned a lot over there and one thing I saw was how asians love brands and can be addicted to them regardless of quality, although that has changed a bit. Makeup and skincare is popular everywhere and Asians are increasing their usage of perfume too, they did not as much 10 to 15 years ago. + +Coty is the number 1 company in the world when it comes to selling perfume or fragrances. They own their own brands but also own licenses to a lot of other brands. + +Covergirl +Kylie cosmetics and Kylieskin +KKW (Kim kardashian) +Burberry (license) +Gucci (license) +Adidas (license) + +Wella (40%) which includes OPI and a lot of stuff many women use at beauty salon and buy at Sally beauty supply, Walgreens etc. + +Over 60 brands which i actually think is too many which is exactly what the new ceo is going to fix. Less brands but more revenues per brand. + +There is a new ceo who was a major boss for L’Oreal for 20 years and then started her own skincare brand and after 3 years basically was acquihired to join Coty. This is the best decision ever made as the stock went from $30 to $3 on shitty management that did a lot of financial engineering and big deals that ended up costing shareholders a lot. + +So, here are the catalyst as to why the february numbers are going to be outstanding. + +The company has added new distributors in europe, in fact one of the largest, that they did not have before. + +13% of their sales were online or direct, that will be 20% or more this quarter which improves the top and bottom line. + +Added new team for China, which was badly needed. In fact, made a marketing deal with a top Chinese celeb and within a few hours sold out of the product they were promoting. + +New products are being launched in skincare category. + +Shitty brands are going to be sold which raises cash for the business. + +More aggressive expansion of skincare products which is going to be a faster part of the business that WallStreet is not modeling. + +I can show you why below + +Revenue breakdown by product as of the last quarter was the following: +55.8% Fragrance +30.% Color cosmetics +0.3% Hair +13.7% Skin and Beauty + +Geography +42% USA and Latin America +47% EMEA (Europe) +11% Asia Pacific + +If you compare to L’Oreal which is $200 billion market cap vs. $5 Billion for Coty. +40% Skincare +21% Haircare +18% Makeup +11% Fragrances +11% Hygiene products + +Geography +42% Asia Pacific +24% North America +18% Western Europe +8% Latin America +6% Eastern Europe +3% Africa, Middle East + +If you compare these businesses you can see how these are night and day. +Asia growth is anemic for Coty at 123 mm last quarter and will be the fastest segment of the business for the next 5 years, I expect it can grow 30% or more a year and be larger than the Americas segment. Thu is because there was little exposure given the lack of offerings in the Skincare. + +Also, beauty products are consumed more frequently than a fragrance. A perfume can last someone a month or 6 months where as a skincare product can last 1 month or maybe 2. It consists of consistent purchases which brings consistent revenues and cash flow to the business something the business needs to improve upon. + +Company has a lot of debt but have paid of $3 billion and will keep paying jt off given the higher profitability. 2.5 billion was from sale of 60% of Wella and $1 was a direct investment from KKr via a convertible bond at $6.24 conversion price. + +Stock is 65% owned by insiders and there js not a lot of shares out there to buy. So, although no squeeze there is definitely scarcity of shares. + +Kylie cosmetics and kylieskin have been growing steadily since their international expansion. Ranking as the 22,500 website in the world. Both Kylie and Kim will help them grow the cosmetics, fragrance and skincare via a DTC offering. Those businesses by themselves are like MINI Coty’s as they can sell a lot of stuff under their brand. + +I think the comany will do 20 to 30 cents a share in earnings, wallstreet estimates are 10 to 20 and are all stuck at $6.5 price targets, except Citi which is at $10, she believes turn around is real this time. Stock is still below pre-covid price and can easily go to $10 to $15 on the turnaround taking shape. + +Wallstreet is sleeping on this one. I contacted one of the top retail stock analysts, she is on cnbc a lot, and her firm does not cover the stock due to lack of institutional interest. Have LinkedIn messages to prove this but do not want to out her for business reasons. + +This is where the community can come in and buy shares today at $6.90 or options and sell them to the institutions at $15 or higher when they realize what they missed. + +I own the stock and the options. The stock I purchased at $3.33 and still hold and the option I purchased months ago as I felt that WallStreet and main street would catch on to the story but Wells Fargo put out a piece that was quite negative, they are in denial of the turnaround, and has forced consolidation of the stock for months. The reason why I picked the $7 strike js because at the time they were in the money and felt it was a safer bet than say $8 or $10 longer dated calls which started to become too expensive for the risk/reward offered. + +I own 400 contracts cost of .785 per contract with strike of $7 with February 19th as expiration. + +UPDATE 1/29/2020 +I have added to my stock position from 12,500 shares to 30,000 shares and added 100 more contracts for a total of 500. + + +I feel confident they will do well short-term and long-term when you see the increased growth of online traffic for all their brands online ever since they started selling directly. + +I have so much more info but I can post it in the comments. + +Take care! +Hey everyone, I've been reading this sub for a while and I've learned quite a bit on how to manage my finances. Coming from personal experiences, I feel like sometimes we can be really stubborn and can be told the right thing over and over again and nothing will change unless we actually do something to make that change. I wanted to share my story pertaining not only to finances but to overall health as well and how they went hand in hand. + +I started my current job in 2013 and had bought coffee in the morning here and there. 2016 and 2017 were difficult years and coffee and food had became a daily comfort for me before and after work. + +It started as a cup a couple of times a week. Then daily. Then daily coffee with cream and sugar. Then sometimes with syrup. Then every day with syrup. Since I'm getting something to drink, why not food? A bagel a couple of times a week with the coffee. Sometimes two. Some mornings I would be spending $12 and also 1,200 calories. + +I was already fairly overweight for many years but last year I ballooned up to 265 lbs. In late October I was sitting at work with all this was running through my head and I finally made the decision to stop. I started intermittent fasting along with changing how I eat which meant no more morning Dunkin meals. Dusted off the coffee maker in the office, bought a bag of whole beans for work ($10), one for home ($10), and an IKEA french press for home ($20). + +Today I looked through my statements from 2017 and added it all up. $1,200 on Dunkin and $350 on Starbucks. And that's all credit purchases, not counting cash. $5 a day adds up quickly over time when you don't keep an eye on it. Since last November I can say I've easily saved over $400, I've down 25 lbs. so far and the coffee these days tastes so much better! +Does anyone here actually realize what ethereum is capable of? day after day I come across people with decent amounts of ether and they don't even know what a smart contract is. + +Don't get me wrong, sure the money is cool -- but if we can get more eyes and focus on the development aspect the money will multiply several times over and technology will head in new directions altogether. Or we can keep focusing on the money until all the greedy folks have left and there's barely anything left. + +Up to you really, peace! +Lets talk about bubbles a bit. What we saw the previous days has been phenomenal. New and hyped investor are jumping in- most of them hardly understand the tech as it seems. Everyone wants a piece of the ether pie but buying with fiat is now expensive **so ICO's is the way to get the ether stack increased**. Ive been lurking in slack channels the past weeks and choose the following coins that will deliver BAT-like returns. + +**1) BAT**: unfortunately i sold mine when it hit 5x ico but definitely see it rising more when it hits polo. Good luck to the holders. + +**2) MYST** typical under-the-radar project thats gonna return decent profits midterm. The team has the technical edge to deliver more than promised, the PR and the professionalism to push it high. I noticed that their slack channel didnt get filled with flippers so most people are gonna hold it i guess. *advising minor diversification here at least* + +**3) CFI** Collaboration with Iconomi and coinfund assures good faith in the project. This token would be a good hold long term if the team succeeds into picking the correct Dapps to fund. Apart from this i can also the flip potential with the low ico marketcap. ICO participants can quickly get 3x-5x their ether within some weeks if the trends remain so bullish. + +**4) OMG** The meme factor needs no further explanation. Trollbox will love it. + +**5) status.im** One of the most hyped projects since months. People discuss about it in different places and i havent seen anyone skeptical. The "bank the unbanked" industry will be of high competition (tokencard, token, status, etc). Even with a GNO like market evaluation jumping in this is a no brainer. + +Discuss and suggest +EDIT: I forgot to mention I work remotely. Any income for 4% needs to be done IN PR and exported to not PR + +I was wondering if anyone has thought about moving to Puerto Rico to take advantage of the tax breaks? + +Being a territory they have a unique exemption in the tax code where any PR sourced income is not subject to IRS to PR residents. + +Obviously this entails uprooting your life to live in a relatively foreign place. + +But healthcare here is low, weather is great and I get 4% taxes total. + +I do have to pay myself a salary, which is subject to FICA but that's not a crazy amount + +But you would need to set up a LLC here and be paid as a 1099. + +Of course you can live elsewhere and take advantage of FITC and get the first like $180k tax free from US. But I didn't want to go that route. +This is my first post here, but I actually meant to make this post earlier when SOL went down for 17 hours in September. + + I was very enthusiastic about solana and I was on the verge of buying a bag of SOL several times. + +The first time the system went down, I still thought to myself that this was going to be a one-time error. I did lose a lot of faith in the blockchain, but I found the concept of "proof of history" very interesting, so I was still interested in the coin. +This was followed by the large price increase and the necessary hype, which caused the price to rise even more. SOL was quickly in the top 5 cryptos and took over ADA's spot easily. + +Suddenly, in September the system goes down again for several hours. I thought this would be the end of SOL. This was when I was extremely surprised that SOL's price remained stable and even continued to climb quietly. I didn't understand. + +But when the ddos ​​happened and the system was down again recently, I really really thought that SOL was going to plummet (especially in these difficult times full of uncertainty). This STILL didn't happen. + +I honestly wonder how it is that SOL is still in the top 5 cryptos. +Microstrategy has purchased the equivalent of 28% of all Bitcoin created since their initial purchase in August 2020. + +This is insane. + +Literally, 3 other companies take a similar approach, and there will be no supply available outside corporate purchases. + +What happens when company #2 starts making these types of purchases publicly like Saylor? +You'll remember FX Viper from this [post and mini-doc](https://www.reddit.com/r/Forex/comments/3nk5kn/day_trader_documentary_a_day_in_the_life_of_fx/?) a day in the life. Millionaire, big house, Tesla, trophy wife. + +But recently I saw this [real account performance](http://www.forexpeacearmy.com/forex_signals_performance/fx_viper/real) on Forex Peace Army. A complete and total melt down. After 111 weeks his account is -138.37% + +But then when I look on [myFXbook](http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112) it seems he's still up and fully profitable. + +What's going on here? How do we know what's really happened? Any experiences? +I am relatively new to currency trading, having gotten my start around September of last year. I was introduced through a very basic (and cheap, $-wise...I regret nothing) course which taught the very basics, and offered a simple strategy. The finality of Forex, through the eyes of this course, was to make a couple hundred dollars on the side every month, say, to take care of the car bills, put a little more into savings, that sort of thing. + +As I'm sure has happened to many before me, I was quickly hooked on the prospect of becoming a millionaire right from my desk chair. Against all recommendations, I quickly deposited $250 into an account and proceeded to lose it over the course of 3 weeks. I have no qualms about this loss, it taught me a whole lot about the nature of the beast very early on. +I started to look online for advice, videos, books I could read… anything that would help. I read a bit into Al Brooks as recommended on this sub, and got quite a bit frustrated; aside from being extremely droll reading, which I can handle if I can see some substance, he kept referring to "your edge". Now, this is not the first time I had heard this phrase. My frustration stemmed from the fact that every time I came upon it, everyone spoke about perfecting it, testing it, tuning it, etc… but no one ever commented on how the hell you go about finding or making your own strategy. Listen to the professional traders on video interviews, and they recommend working with a mentor. Again, no one tells you how the hell you go about finding one of these! Or how one day they had a breakthrough and everything just “clicked”… what does that even mean? + +I started going through the ICT videos, which actually gave me a lot of hope & motivation, as the concepts seemed pretty solid. Reading up online, I found a couple of threads bashing this guy, calling him complete and utter BS (apparently he publicly blew out an account), and once again I find myself in a rut. + +Is there really nowhere to turn to for advice? + +Is every successful trader out there (the ones you hear/read about) really just a sham?? It seems like it’s only a matter of time before they are all ousted as such. + +I want to clarify that I am not looking to become a millionaire through Forex, that “dream” is long gone for me. There are many other aspects to the profession (if you will) that appeal to me, as I’m sure they would appeal to many other people. I’m at the point now where I constantly question whether it’s even possible, whether any of it is real or if it’s just a money (and time) pit. + +I am willing to put in the work, I WANT to put in the work. I guess I just don’t know –where- to put it? I’m not looking for handouts in any manner, maybe more like some direction. + +I am a relatively young guy, almost out of college. I appreciate and welcome any critique you may have, at this point, any feedback is good feedback. + +Obligatory “sorry for the wall of text” + +Hello traders! +I have a short story and reminder to all of you especially new ones like me, never ever trade drunk and never be overconfident. +I started trading on live some 10 days ago, and made great profit, took my initial 230 deposit to 1k in those 10 days. +Yesterday i drank few beers got tipsy and i thought before withdrawing some of my gains i should take one more big trade... +opened long position on nas100... with 0.57 lot size... normally i open 0.06 to 0.1 lots... stupid i know, and ofc it all went south... nas dropped some 100pips and i lost 90% of my profit... well now I have to deposit another 200 to start all over again. + +Good thing is iam not dependant on that money, but Iam really dissapointed with myself and angry that I took that position especially drunk. Well life goes on and i guess i will post update once i start trading again next week. + +Trade smart and be carefull, market is ruthless and is not working for you. + +Thanks for readig, I had to post this rant. +Hi guys, i am new to forex and currently studying some lessons from babypips.com and after i finish these lessons i am thinking about start by 100-200 dollars. Is it enough money for starters? If so please share your tips :) +Rather than using a very specific strategy that has been tested multiple times through historic data.. is it possible to be profitable by just making trading decisions using the multitude of price action techniques and patterns? Assuming I’m smart and disciplined enough. How many of you trade that way? I hope that question makes sense, let me know if you need more clarification. +Hello I am new to forex trading, I recently opened an account and deposited $200 dollars (money I'm willing to lose to learn). I am already down $25 for doing stupid shit and lacking confidence in my trades and having poor risk management. I am trying to learn and apply TA while also reading up on FA. I entered two trades were I was very confident on the direction the market was headed. However, once I started seeing those red numbers I quickly lost confidence and got out when I was in the green. Once I saw the potential profit I missed I went with bigger lots and stuck to my position and got to where I am now. You could say it became some sort of the Martingale strategy (very bad strategy ik). + +Getting onto my main point, why are people always saying "find a strategy that suits you" or something along those lines. I believe it's very helpful to share strategies especially to newer traders because it helps them set some rules for themselves at least and go in blind. I did a lot of research, reading, demo accounts and YouTube but I still feel like I'm missing something, as if what I did was all for naught and it made me lose confidence in myself. And all those youtubers feel like they're doing it in order to sell a course or something even though some might actually be helping. + +My final take, its good to share your strategy in order for people to have a starting point and then they might change or improve on that strategy and go solo then. What do guys think? +SPY: -3.7% + +TLT: +12.89% + +"Why would anyone buy bonds with such low interest rates?" is what I see here all the time. + +If anyone is interested in the continuing bull thesis for long-term treasury bonds as a means of capital appreciation (not yield) and also as a benefit to include in a diversified long-term portfolio, I highly recommend the commentary from Van R. Hoisington: + +[https://wasatchglobal.com/wp-content/uploads/2019/11/U.S.-Treasury-Fund-Q4-2019-FNL.pdf](https://wasatchglobal.com/wp-content/uploads/2019/11/U.S.-Treasury-Fund-Q4-2019-FNL.pdf) +Hi, + +&#x200B; + +I noticed recently on my credit report that my mum has opened an account with Littlewoods using my name and DOB at her address. The account is currently in arrears of £433 and she hasn't made a payment on it. I contacted Littlewoods and the person I spoke to told me that it was a 'civil matter'. + +&#x200B; + +The issue I have is that obviously I will be looking to get a mortgage at some point in the next 5-10 years, but my credit score has been absolutely dragged through the gutter because of this. I'm not entirely sure what the best steps are to try and get this resolved - It's not even the sum of money I am concerned about, it's the damage it has done to my credit score that will impact me in the future. + +&#x200B; + +Can anyone advice on the best course of action to take in this instance? +I've been using LinkedIn quite a lot recently and noticed an influx of LinkedIn "influencers" who talk about finance. They claim to have a finance background (ie: financial advisors, money coaches, etc) and most of what I read seems reasonable, although very generic. I'm very rarely on other platforms like FB, IG, TikTok, Twitter, etc. but are there any finance influencers that you trust? What made you follow them in the first place? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I will achieve a whole coin hopefully by the end next year sooner if I can I'm 26 I realized how much money I was throwing away partying bars going out. Now since I'm woke and actually thinking about my future this gives me motivation to actually look forward to something! I always thought life was about fun and games but I'm getting older and need to buckle up for my future +I just got a job offer that wants me to start in about two weeks. Today is my boss last day in the office. He will be out Friday, Monday, and Tuesday. + +Would it be a bad move to tell my boss that I'm leaving today? Instead, should I try to get the new company to move my start date back a week? + +Edit: I want to clarify that I'm asking if I should tell him today that I will leave in 2 weeks. I don't intend to leave today + +Edit2: I work for a really good company as a data scientist. It's not a job that needs to be scheduled around or filled the day I leave. The company does not ask people to leave the day that they put their notice in + +Update: I told him today. I prefaced it with "I'm sorry for the timing of this with your upcoming vacation and all but...". Thanks for the input +https://www.wsj.com/articles/schwab-in-bid-for-younger-clients-to-allow-investors-to-buy-and-sell-fractions-of-stocks-11571334424?mod=searchresults&page=1&pos=1 + +Fractional trading coming soon to Schwab +We will be looking to retire in 3 years at the age of 50 (both my wife and I). A conservative assumption of our retirement in 3 years in below - combined for us both. + +Would welcome thought on our spend down approach. + +Importantly, we have no desire to leave any assets behind except for a paid off house. We help with the kids a bit, and paid their way through college, but no plans to “not touch principle”. + +401k = $2.5mm +Roth = $500k +Brokerage = $4mm +Cash = $100k +House EQ = $1.5mm (paid off) + +My thought is to think about this in two phases: + +Phase #1 (age 50-70) = spend down all the brokerage and Roth assets, while at the same time converting the 401k to Roth - annually to fill up low tax brackets. The converted 401k assets would remain untouched during this period. The taxes paid would be from the brokerage/Roth assets. + +Phase #2 (age 70-death) = the $2.5mm in 401k would grow for 20yrs (annual est growth rate of 6.%). This would have been fully converted during this time, with taxes paid from outside accounts, leaving ~$9mm. + +We live pretty comfortably today on $200-250k annually. Maybe that increases a bit in spoiling ourselves in retirement. + +Maybe a should shorten phase 1 to 50-65 or 50-67 and spend or aggressively while “young”? + +Everyone talks about SWRs, but what if you want to spend down to $0? Seems harder to accurately identify annual spend. + +Is thinking about retirement in these 2 phases logical? I don’t see why more ppl don’t take this approach? + +Thanks! +You know like you already played the money game, you won it fair and square, you felt the rush, the thrill of the fight, you checked that box out of your bucket list and now you're right back where you started. +As recommended by u/jtnichol, I've decided to make this a stand-alone post. + + You may disagree with some of the stuff I say, but I think it could lead to further discussion, and also be aware that this is a work in progress and my thoughts are subject to change as time goes on. Please feel free to comment and provide more insight. + +***- ETH as money narrative*** + + I think it's too early to call ETH money, I say this because the original narrative of BTC was that it was a p2p electronic cash system \[[white paper](https://bitcoin.org/bitcoin.pdf)\]. Well as we all know, that narrative is no longer the case. BTC has formed a new narrative, one that many people support and it has driven BTC to much further success than the original narrative. BTC is now known as a digital gold, a SoV. It is my opinion, that ETH will also change it's narrative down the road as many other use cases begin to pop up. There is nothing wrong with this, but I believe the majority of the people will not be using ETH as money and ETH will be used primarily by big businesses transacting on the network, and nodes securing the chain. I believe that if ETH cements the narrative of a type of digital oil, that narrative is still okay. ETH will primarily be used as fuel to power the blockchain. + +\- ***Stablecoins*** + +I believe stablecoins will become the money used on Ethereum through it's L2 solutions, and I believe majority of the people will use stablecoins to conduct their regular lives on the Ethereum network. I am not sure if DAI will be that stablecoin, but I do believe governments will issue their own stablecoins to be used in their respective countries. The volatility nature of ETH is not something most people feel comfortable conducting business with, or even regular lives. People enjoy the stability of a currency. ETH volatility most likely will slow down, but I believe it can never achieve the stability that stablecoins will provide. + +\- ***Use Cases (Example)*** + +DeFi has really picked up steam lately, but this is just an early use case of Ethereum's potential. I don't believe DeFi will be what pushes Ethereum into the mainstream. I am going to get really far fetched here, but I think gaming will play a major role in Ethereum's success. I think it's hard to see it now, but it is my belief that Virtual Reality will be a major success within the 10-20 year time-frame. People will have 2 lives, one in the real world and the other in a virtual world and this virtual world will be built on top of Ethereum through it's L2 solutions. If you've ever read the book \[[Ready Player One (Book)](https://www.amazon.com/Ready-Player-One-Ernest-Cline/dp/030788743X/ref=sr_1_2?keywords=ready+player+one&qid=1564406595&s=gateway&sr=8-2)\] or the movie \[[Ready Player One (Movie)](https://www.youtube.com/watch?v=cSp1dM2Vj48)\] then you can get a feel for what I am envisioning. The value behind virtual assets on Ethereum is important, as unlike today's games where you can purchase an item on Fortnite , once the game is finished you no longer own that virtual item. This will all change with Ethereum because you will have complete ownership over all your virtual items. This is why I say people will have 2 lives, because in this virtual world those items are "real" and can be bought and sold just like real life, using the money earned in this virtual world to also conduct your lives in the real world. + +***- ETH 2.0*** + +It is my belief that with the constant delays of ETH 2.0, many speculators have lost confidence in Ethereum for the time being. I stick by my claim that when full Proof of Stake is on the horizon and is proven to be successful, many of these speculators will return. It is also my belief that speculators and developers do value fast transaction times (In terms of smart contract functionality), as seen by EOS market share. The risk associated with the transition towards PoS should be considered when determining why speculators and investors are not flocking to Ethereum at the present. I am certain, many speculators are waiting on the sidelines to see whether or not ETH 2.0 is a success, and this is something no one knows for certain. This is why I believe ETH is seen as "undervalued" by many in this community. With that being said, ETH 2.0 is extremely important for the success of Ethereum moving forward. There are other risk involved with Ethereum at the moment. As mentioned by u/etherbie, There is still a risk that a competitor takes Ethereum's place and becomes the one in which everything mentioned in my post is done by the competing chain. The likelihood of that happening is small, but we cannot disregard this possibility. When we have situations such as the \[[EIP 2025](https://eips.ethereum.org/EIPS/eip-2025)\] popping up, or developers who aren't completely loyal to a single chain, this could all lead to the destruction of Ethereum. So it's important that we factor in these risks and to protect the future of Ethereum. + +\- ***Final Thoughts*** + +To re-emphasize, these are purely ideas that I have pondered on for a few weeks now, and are subject to change as others provide further insight. This post was to promote discussion over the potential future of Ethereum. +As recommended by u/jtnichol, I've decided to make this a stand-alone post. + + You may disagree with some of the stuff I say, but I think it could lead to further discussion, and also be aware that this is a work in progress and my thoughts are subject to change as time goes on. Please feel free to comment and provide more insight. + +***- ETH as money narrative*** + + I think it's too early to call ETH money, I say this because the original narrative of BTC was that it was a p2p electronic cash system \[[white paper](https://bitcoin.org/bitcoin.pdf)\]. Well as we all know, that narrative is no longer the case. BTC has formed a new narrative, one that many people support and it has driven BTC to much further success than the original narrative. BTC is now known as a digital gold, a SoV. It is my opinion, that ETH will also change it's narrative down the road as many other use cases begin to pop up. There is nothing wrong with this, but I believe the majority of the people will not be using ETH as money and ETH will be used primarily by big businesses transacting on the network, and nodes securing the chain. I believe that if ETH cements the narrative of a type of digital oil, that narrative is still okay. ETH will primarily be used as fuel to power the blockchain. + +\- ***Stablecoins*** + +I believe stablecoins will become the money used on Ethereum through it's L2 solutions, and I believe majority of the people will use stablecoins to conduct their regular lives on the Ethereum network. I am not sure if DAI will be that stablecoin, but I do believe governments will issue their own stablecoins to be used in their respective countries. The volatility nature of ETH is not something most people feel comfortable conducting business with, or even regular lives. People enjoy the stability of a currency. ETH volatility most likely will slow down, but I believe it can never achieve the stability that stablecoins will provide. + +\- ***Use Cases (Example)*** + +DeFi has really picked up steam lately, but this is just an early use case of Ethereum's potential. I don't believe DeFi will be what pushes Ethereum into the mainstream. I am going to get really far fetched here, but I think gaming will play a major role in Ethereum's success. I think it's hard to see it now, but it is my belief that Virtual Reality will be a major success within the 10-20 year time-frame. People will have 2 lives, one in the real world and the other in a virtual world and this virtual world will be built on top of Ethereum through it's L2 solutions. If you've ever read the book \[[Ready Player One (Book)](https://www.amazon.com/Ready-Player-One-Ernest-Cline/dp/030788743X/ref=sr_1_2?keywords=ready+player+one&qid=1564406595&s=gateway&sr=8-2)\] or the movie \[[Ready Player One (Movie)](https://www.youtube.com/watch?v=cSp1dM2Vj48)\] then you can get a feel for what I am envisioning. The value behind virtual assets on Ethereum is important, as unlike today's games where you can purchase an item on Fortnite , once the game is finished you no longer own that virtual item. This will all change with Ethereum because you will have complete ownership over all your virtual items. This is why I say people will have 2 lives, because in this virtual world those items are "real" and can be bought and sold just like real life, using the money earned in this virtual world to also conduct your lives in the real world. + +***- ETH 2.0*** + +It is my belief that with the constant delays of ETH 2.0, many speculators have lost confidence in Ethereum for the time being. I stick by my claim that when full Proof of Stake is on the horizon and is proven to be successful, many of these speculators will return. It is also my belief that speculators and developers do value fast transaction times (In terms of smart contract functionality), as seen by EOS market share. The risk associated with the transition towards PoS should be considered when determining why speculators and investors are not flocking to Ethereum at the present. I am certain, many speculators are waiting on the sidelines to see whether or not ETH 2.0 is a success, and this is something no one knows for certain. This is why I believe ETH is seen as "undervalued" by many in this community. With that being said, ETH 2.0 is extremely important for the success of Ethereum moving forward. There are other risk involved with Ethereum at the moment. As mentioned by u/etherbie, There is still a risk that a competitor takes Ethereum's place and becomes the one in which everything mentioned in my post is done by the competing chain. The likelihood of that happening is small, but we cannot disregard this possibility. When we have situations such as the \[[EIP 2025](https://eips.ethereum.org/EIPS/eip-2025)\] popping up, or developers who aren't completely loyal to a single chain, this could all lead to the destruction of Ethereum. So it's important that we factor in these risks and to protect the future of Ethereum. + +\- ***Final Thoughts*** + +To re-emphasize, these are purely ideas that I have pondered on for a few weeks now, and are subject to change as others provide further insight. This post was to promote discussion over the potential future of Ethereum. +[10 days out](https://hack.ether.camp/sale) from when they expect to be collecting money, lets look at the state of the contracts that are described in the white paper. + + + # grep "todo" * + DSTContract.sol: // todo: + DSTContract.sol: // todo: reduce issued tokens from total + DSTContract.sol: // todo: preferedQtySold +=... + DSTContract.sol: // todo: inidicate that this is done once + DSTContract.sol: // todo: check the time since last proposal + DSTContract.sol: // todo: Rise Event + DSTContract.sol: // todo: check that time for voting isn't over + DSTContract.sol: // todo: check that the voted can't vote anymore + DSTContract.sol: // todo: 1. check time + DSTContract.sol: // todo: 3. check already redeemed + DSTContract.sol: // todo: 4. mark the proposal as redeemed + DSTContract.sol: // todo: check there is 1 months since last one + HackerGold.sol: * todo: brief explained + HackerGold.sol: * todo: white paper link + VirtualExchange.sol: /* todo: set address for eventinfo*/ + VirtualExchange.sol: /* ~~~ todo: decimal point of HKG */ + VirtualExchange.sol: // todo: check that hkg is available + VirtualExchange.sol: // todo: check that tokens are available + VirtualExchange.sol: /* todo functions */ + +Lets try compiling what exists. +