diff --git "a/reddit_finance_43_250k_394.txt" "b/reddit_finance_43_250k_394.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_394.txt" @@ -0,0 +1,10000 @@ + +Thanks. Bonus points if you manage not to insult me :) +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 am looking for small towns that have not been discovered yet to buy RE now and retire there in the next - 7 years. Looking for plenty of natural snow, ideally sunny days. Tried Sun Valley, already too crowded and super expensive. Schweizer is on the list to check out. Steam Boat is getting too big and expensive as well. What other recommendations do you have? + +Here are 4, except whistler in bc + +https://www.hellobc.com/stories/discover-unique-BC-ski-towns/?utm_campaign=21-22_ski&utm_medium=social_paid&utm_source=fb-insta&utm_content=single-image_godeeper-culture-activate-kr_v04-skitowns_us-wa_25-64-adventure-travel&fbclid=IwAR2N-o7iabnq4P8o7oZCa4lrhSO5pVlGxe6x9bX3pV_07MUQ-Oo2zn46-kw +The purchase of Drive.ai is thought to add to Apple's secret electric car project code-named "Project Titan" + +https://www.axios.com/apple-buy-driveai-753da17d-60fe-44f9-84ff-1d2d82cd0b81.html?utm_source=twitter&utm_medium=twsocialshare&utm_campaign=organic +He said he was “as long as he could be” in the banking sector. + +http://www.marketwatch.com/story/steve-eisman-of-the-big-short-fame-says-the-stock-market-is-entering-a-golden-age-for-banks-2016-12-19?siteid=yhoof2&yptr=yahoo +Don't get me wrong lambos sound nice but really I have always been someone that lives to eat. And fortunately I grew up in a family that always made sure I had enough. However, it's embarrassing to say but I have always had a large appetite. As a result, I have always loved to eat but especially during these tough times I have to cook almost every meal. + +This might sound like a real "first world problem" I have never gone truly hungry and I know there's a lot of people in this world that do and I get it that I have it so much better than them. However, whenever I have gone to a restaurant, (with the exception of buffets) I have never left feeling happy. I always go home and eat something else which to me just defeats the purpose of going out to eat in the first place. See I can't afford to order as much as I want because the bill for anything that isn't McDonalds and related fast food will literally come to well over $100 sometimes $150 WITHOUT booze just eating for myself. And eating too much McDonald's makes me feel like shit. + +As a result, I have come to associate restaurants as unnecessarily expensive and subpar which just is not true. Don't get me wrong being able to eat a lot and enjoy it definitely has its perks. But I want to be able to just let loose go to a restaurant whenever I want, order 5-6 dishes be an absolute glutton every now and then, and just not care. It might sound weird to a lot of you, but that is something I truly look forward to. Just being able to go out and enjoy a meal and scare everyone in the damn establishment with how much I eat and just pay my bill, leave a large tip without worrying about finances. I want to travel the world and try all kinds of cuisine. + +I don't know what your dreams are post-MOASS but here is mine. It can't be more unusual than this. +How do you all think this will affects various clean energy companies and ETFs. We know this means money pumped into US clean energy companies but what kind of impact do you see this having on foreign clean energy markets? Positive or negative or none at all. This is a big deal and im curious what you all think long term and short term. + +Popular ETFs im referring to are: +ICLN +TAN +PBW +QCLN +CRNG +PZD +ACES +How does everyone feel about this one? Lyft was abysmal but Airbnb makes a shit ton of revenue. I'm just a little concerned their valuation falls victim to market scepticism. + +I have alot of faith that they will be a major player and may disrupt the hotel industry. + +Thoughts? +https://www.cnbc.com/2019/10/30/atts-stankey-heres-why-were-charging-more-than-rivals-for-hbo-max.html + +WarnerMedia released details of its upcoming streaming service, HBO Max, on Tuesday. + +The service will cost $14.99 per month. + +Stankey on Wednesday emphasized that HBO Max’s content will set the service apart from competitors. + +Netflix is currently up 4%!! + + +So, background on me. + +\- 32M (will be 33 soon), single with no dependents, no plans on marriage. Introvert who enjoys spending my free time alone for the most part. + +\- My dad drilled the basics of money management and common sense into me at an early age, which definitely set the foundations of my path to FIRE before I even heard of the term. + +\- Parents focused a lot on making sure I got a strong education and paid for my college tuition while I covered living expenses with a part time job, after I graduated college they let me find my own way and I have not received any financial assistance from them since then. + +\- After graduating college I joined the Army as an Officer. The salary was average but there were many strong benefits I got as part of the military (housing allowance, very low cost insurance, the GI bill to help continue my education etc). I also volunteered for a deployment overseas, which was tax free income for that year + imminent danger bonus, not to mention there’s not much to spend money on when you’re in a desert. I also spent over 2 years in Korea, which was similar (still paid taxes, but didn’t spend much money and also got a bonus for being near the DMZ.) I also benefited from the bull market we’ve had since the recession, once I knew I had a secure job I put away as much money as I could into the market after I started working. + +\- After 9 years in the military I got out for health reasons, got 60% disability rating which means free healthcare through the VA as well as a disability check. Got a new job as a manager little over a month ago. + +*Major milestones:* + +Winter 2008, Graduate College + +Early 2009 – Began working with the army, starting net worth $17k from part time jobs in high school and college. + +2011 – Deployed to Iraq, hit $100k net worth. + +2013 - $200k net worth, stationed in Korea at the end of the year + +2014 - $300k net worth + +2015 - $400k net worth, get back from Korea + +2016 - $500k net worth, found out FIRE exists, and that there are more people like me. + +2017 -$600k net worth + +2018 – Leave the Army middle of the year, get new job a few months later. $711k net worth at very beginning of October, then lost $50k with the market correction, recovered a bit since then. + +*Current Stats:* + +Current net worth - $688k + +\- $475k in taxable index funds + +\- $122k in Roth IRA + +\- $73k in TSP + +\- $18k in cash (kept a lot in cash while looking for a new job) + +I rent so no house, and I don't count my car or personal belongings in my net worth. + +Income - $90k from salary, $13k from disability payments. + +Pre-tax savings rate - 67% (based on the last 3 years) + +My current annual expenses are hard to determine as I have a new job, different benefits and live in a new location. Should have a better idea in several months. + +*Future Plans:* + +I believe, that given my current Investments, as well as my disability payments and free health care, that I could potentially leanFIRE right now. However, I’ll most likely continue working until my early 40’s and build up enough so that I can FIRE worry free and not have to be too tight on my budget. I know I started off life strong thanks to support from my parents, but I'd like to think I made it this far thanks to the life decisions I made after becoming independent. And it's very liberating to know that I could stop working now if I chose to. +Has anyone out there (Project Manager, BA, Software Dev, Delivery Lead etc) made the switch from a safe permanent position to chase the bigger money from contracts that offer day rates? + +In my role as a Senior BA I’m currently on $125k + Super, but on contracts I could be getting around $800-$900 a day + super (about $216k + super for a 48 week year/4 weeks of holidays). + +It’s definitely tempting to chase the money but it comes with a lot of extra risk. + +I’d like to hear about how you found the transition; +- how easy do you find it getting new contracts? +- have you ever been stuck without work for a period of time between contracts? +- how often do your existing contracts get extended? +- how much holidays do you take a year? +- do you feel extra pressure/stress being on contracts? +- has the extra money made a difference in your life? +- any other advice or tips worth sharing? + +Cheers +**Unrelenting inflation is taking a toll, leaving more Americans living paycheck to paycheck** + +Almost everyone has felt the sting of rising prices. + +As of August, 60% of Americans were living paycheck to paycheck, according to a recent LendingClub report — a number that hasn’t budged much since inflation hit 40-year highs. A year ago, the number of adults who felt stretched too thin was closer to 55%. + +Even high-income earners are feeling the strain, the report found. Of those earning more than six figures, 45% reported living paycheck to paycheck, a jump from the previous year’s 38%. + +“More consumers living paycheck to paycheck indicates that many are continuing to lose their financial stability,” said Anuj Nayar, LendingClub’s financial health officer. + +The consumer price index, which measures the average change in prices for consumer goods and services, rose a higher-than-expected 8.3% in August, driven by increases in food, shelter and medical care costs. + +Although real average hourly earnings also rose a seasonally adjusted 0.2% for the month, they remained down 2.8% from a year ago, which means those paychecks don’t stretch as far as they used to. + +A separate report by Bank of America found that 71% of workers feel their pay isn’t keeping up with the cost of living, bringing the number of people who feel financially secure to a five-year low. + +Many Americans are dipping into their cash reserves, and nearly half are falling deeper in debt. + +Those struggling to afford their day-to-day lifestyle tend to rely more on credit cards and carry a higher monthly balance, making them financially vulnerable, according to Nayar. + +“It is no secret that prices have been increasing for everyday Americans — not only in the goods and services they purchase but also in the interest rates they’re paying to fund their lives,” he said. “This can have detrimental consequences for someone who pays the minimum amount on their credit cards every month.” + +For its part, the Federal Reserve hiked its target federal funds rate by 0.75 percentage points for the third time in a row to calm runaway inflation. + +The central bank has indicated even more increases are coming until inflation shows clear signs of a pullback. + +https://www.cnbc.com/2022/09/30/stubborn-inflation-forces-more-americans-to-live-paycheck-to-paycheck-.html + +It seems consumer spending will really be getting halted sooner rather than later. I think this may be in part behind the two-day rally - the expectation that the Fed will be able to ease off earlier as the average American is starting to really feel the pain by now? +I don’t know how I can look at the current market and think that things are just fine. It took me months to get 100% gains in some of my stocks. Doing research, buying the dips, being patient etc etc and then in a matter of 30 minutes a stock shoots up 100% with absolutely no news, no fundamental change, no nothing. People are just following along and making tons of money. Now I’m here questioning everything, as I should be, because these events contradict everything that I have learned over the past 10 years. + +Edit- I have 100% gains in a few of my best performing stocks. My overall portfolio is no where near 100% up for the year. +It's been falling since it started trading in 2020. I already invested a bit when it was 5 dollars before AEP thinking it would go up. Its 0.67 now, went up 10% today. Prolly cause today is the last day to sign up for this for awhile. +Because of system errors they lost a ton of sales during the AEP and did not make nearly as much as they predicted. Health insurance side and Medicare had issues with software. +Let’s say I have $100 that I don’t need right away. What are some good ways to use it to earn a little extra money? What if it was $1000? + +I know it wouldn’t be a lot, and that proper investment could have better ROI. Just curious. +So I just turned 31, I have around $150k invested in broad market ETFs, and that represents about 3x my annual salary. + +My portfolio is sitting at about break even currently, and I have about 25% cash to average in at lower prices. + +That said, even though I don't need the money any time soon, every thing I see tells me this market is going lower. + +A part of me wants to make a hero call and sell while I'm still in the green, then buy lower. That said, I know timing the market rarely works out. + +I'm less scared of losing money than I am of the feeling that I bought at a bad time, and I'm convinced better prices are coming in the next 6-12 months. + +I've been in the market for a while and I've seen the V shape recoveries, but every single time it was because the Fed came in to support. I don't think that will happen any time soon, so why not pull out and buy back in DCA style 10-30% lower? Or literally wait until the Fed uturns then go back in all at once? + +Even if I only save 10-15% downside, that's some pretty good alpha and I'd be happy knowing I beat the market. + +Thoughts? +With this recent monopoly business they find themselves in, is it wise to throw some money down? It also appears the company's YOY revenue is slowly decreasing... +Hey guys, so, kinda complicated situation, but I'll try to explain the best I can. + +I was living in a house that was being payed for by someone else, but I was paying all the bills. I've since moved out, paid the last bills for that house, even though I didn't stay through the whole month. The account is in someone else's name, but my card was set to auto-pay for the bills. + +Cut to now, I've been charged for the most recent month. I haven't been living there in over a month. I tried to call customer service, but I can't take my card off since I'm not the account owner. Is there any other way to disconnect my card from the account and not keep getting charged? And is there any way for the money to be refunding back to my account for the recent month? +Are there stocks you hate but they are moneymakers - and make you hate them even more? + +For example, I don't like McDonalds MCD or Starbucks SBUX for food or beverage choices personally but damn if they don't make money anyway. + +What about you? What stocks do you hate? + +Edit: I'm not an analyst, these are not recommendations for or against any stock, please do your own due diligence before buying or selling or investing in the stock market. +scenario: you own 1BTC and in 20 years bitcoin is unequivocally the global standard store of value. the Earth’s population is 9.3 billion. just over 50% of the programmed BTC supply has been lost due to death, keys, etc. and there are roughly 10 million coins left in circulation. + +so how rich are you? at rock bottom you are but one of at most 10 million people to own at least 1BTC. that alone would put you in the 0.1% of the population. but of course it’s a much, much smaller pool than that given the bags of countries and institutions and whales galore along with the hoards of people who only own satoshi’s. so just how exclusive is your wealth with a single BTC in 2042? + +lay out your best estimate. +My husband and I are fortunate enough that after more than a decade of extreme frugality and long hours at two relatively well-paying jobs, we can afford to spend some of our income on “convenience” services to buy back some free time. For example, recently we hired a cleaning service that comes every other week and we also pay for Shipt so we don’t have to go to the grocery store. We also get take-out about once per week so we don’t have to cook. Nothing major, but the bits of extra time mean a lot to us. + +I’m just wondering if others have similar services that they would recommend to gain themselves a little extra free time, either in the evenings or on the weekend. What do you find worth the extra cost? + +Edit: just to quickly say why this is related to FI... these kinds of expenses will always be a trade-off between getting to FI sooner vs delaying a little bit to improve quality of life now. I know everyone has varied thoughts on what path to take. +This is an entirely unromantic and cold post, but I need to be realistic. Nobody enters marriage thinking it could break up. But the statistics aren't great. So I was wondering if anyone had advice on what I could do before marriage to best protect my assets if things did take a turn for the worse. The obvious answer is a prenup, but that's not going to happen. +We currently live together in a rented flat. We earn similar wages at present, about 30k each. +Through earlier inheritance, I own an overseas property worth £500k which I currently rent out. +I also have investments and savings worth about £80k and no debt. +She has about 10k in savings, but no other assets and quite a large student loan. +At present our finances are completely separate. We split bills down the middle and take turns buying groceries, things for the house, paying for holidays, dinners etc. I end up paying about 3/4 which I'm fine with as I earn more money. +We intend to open a joint bank account soon and pool some of our money, while keeping it mostly separate after marriage. +Our goal is to buy a house together in the next 3-5 years. I intend to keep the overseas property if possible. +All our parents are still alive. She is likely to have very little inheritance, whereas I stand to inherit several million which complicates matters further. +Obviously I love her and hope to spend the rest of our lives together, but Ive seen too many horror stories that Id appreciate advice as to how to approach this marriage and keep my assets safe. +Hi everyone, been wondering about this for some time now. I know NOK is one of the RH stocks that saw crazy volatility last week (or was that the week before now? I'm getting confused!). I've been long the stock. It's been a pretty flat stock in my portfolio and it shouldn't be 7% of my portfolio, but hey still learning here. + +I am having a hard time understanding this 8% drop today. With earnings coming this Thursday, and all "reports" pointing to a solid earnings report. Does this drop mean that some who "actually knows" what will be reported are starting to cover their positions? + +I guess I'm asking the following: Do drops in stock prices, right before earnings reports, point to the likelihood of bad news? + +Edit: +Crazy non-sentiment here, folks... (When writers bet nothing on a stock, it's a pretty telling sign the ride's over.) + https://investorplace.com/2021/02/theres-more-to-nokia-stock-than-the-wild-ride-it-had/ + +We might need to stick a fork in it and let it pass through our digestive tracks... + +Long: 350@4.64 +My husband and I are halfway through finishing saving for our house deposit. We currently live in a tiny 2 bed flat and want to move outside the city, to a house more suitable for a family. I’ve quit my job recently to take care of our 2 toddlers. I am also recovering from some mental health issues so I had a break from work. We’re relying on one income for now, with my mum-in-law giving us some money from time to time.  +  +My problem is that I have been tight with our budget and I feel so guilty spending money on activities, holidays or the fun stuff. I’m starting to think if I’m being a bad mom for depriving my kids of those experiences. Looking at how much things are for rent, groceries, utilities makes me so overwhelmed that I’m thinking of just going back to work to help out with finances even if I’m not mentally ready yet. I also thought of using money from my mum-in-law but then again, I would feel embarrassed if I’d tell her we spent it going to the movies or bought some new toy, etc. + +Will I ever find a balance between spending for our needs and some enjoyment in life when we have very little income? +39, married, 2 young kids, $5M NW. Have an employment contract so the process of actually being out will take a while, but I started it today. With some luck I’m RE by end of year. Was hard because I helped build the company (and 80% of my NW came from it), but it’s time. Felt like a weight off my shoulders to have started the process. +Hiya, r/algotrading! I recently graduated high school and have been taking some time to work on trading algorithms in Python these past few weeks, so please don't grill me for any unforeseen ignorance that may or may not be haunting this trading idea! Thank you! + +With that out of the way, I'd also like to note that I'm basing this idea heavily off of Willy Woo's own Bitcoin Difficulty Ribbon, a leading indicator that uses mining data from the Bitcoin network to predict the currency's future price. + +In my case, though, I wanted to apply his algorithm's principles to the market for livestock. So, to that end, I pulled some data from the USDA's NASS interface to find the monthly costs of production for cattle across the U.S. since 1999. I then plotted 3 simple moving averages of these production costs against the market price of cattle over the same time period. + +The general idea, then, is that when the "ribbon" (composed of the moving averages) inverts, production costs must be higher than usual. With higher production costs, more firms are likely to exit the market, thus increasing future scarcity and (ideally) price. + +The model appears to have some (albeit tenuous) degree of success, though it also seems to be particularly blighted during times of high volatility -- something to look into in the future. + +I'm sure I could improve this model by incorporating RSI or MACD measurements to further confirm a higher-than-usual production cost for cattle, but I thought I'd at least share the progress I've made today and hopefully hear some of this sub's suggestions for moving forward, if any arise! + +[\*Edit: moving averages should be in months \(i.e. 3-month MA, 6-mo MA, 12-mo MA\)](https://preview.redd.it/3jvw0qexwln61.png?width=1578&format=png&auto=webp&s=517bf0702fc788bdd56d6a157ed71afceb60a2ed) +It's been kinda hard for me to find good info regarding historical prices of options but yeah. + + +If anyones has suggestions on were to go or some tips while testing it will be great! + + +Thanks for any help +Hello, I need to cancel the stop loss order if the take profit one was filled and the same if the opposite happens. I have the [TIF (Time In Force) set to GTC (Good Till Canceled)](https://help.bybit.com/hc/en-us/articles/360039749233-What-Are-Time-In-Force-TIF-GTC-IOC-FOK-) but this only cancels one order when it's filled. I only need to cancel one order when the other one is filled. +It's been kinda hard for me to find good info regarding historical prices of options but yeah. + + +If anyones has suggestions on were to go or some tips while testing it will be great! + + +Thanks for any help +Hiya, r/algotrading! I recently graduated high school and have been taking some time to work on trading algorithms in Python these past few weeks, so please don't grill me for any unforeseen ignorance that may or may not be haunting this trading idea! Thank you! + +With that out of the way, I'd also like to note that I'm basing this idea heavily off of Willy Woo's own Bitcoin Difficulty Ribbon, a leading indicator that uses mining data from the Bitcoin network to predict the currency's future price. + +In my case, though, I wanted to apply his algorithm's principles to the market for livestock. So, to that end, I pulled some data from the USDA's NASS interface to find the monthly costs of production for cattle across the U.S. since 1999. I then plotted 3 simple moving averages of these production costs against the market price of cattle over the same time period. + +The general idea, then, is that when the "ribbon" (composed of the moving averages) inverts, production costs must be higher than usual. With higher production costs, more firms are likely to exit the market, thus increasing future scarcity and (ideally) price. + +The model appears to have some (albeit tenuous) degree of success, though it also seems to be particularly blighted during times of high volatility -- something to look into in the future. + +I'm sure I could improve this model by incorporating RSI or MACD measurements to further confirm a higher-than-usual production cost for cattle, but I thought I'd at least share the progress I've made today and hopefully hear some of this sub's suggestions for moving forward, if any arise! + +[\*Edit: moving averages should be in months \(i.e. 3-month MA, 6-mo MA, 12-mo MA\)](https://preview.redd.it/3jvw0qexwln61.png?width=1578&format=png&auto=webp&s=517bf0702fc788bdd56d6a157ed71afceb60a2ed) +This is a little bit annoying. I have been a steady bitcoin investor since early 2013. I bought my first bitcoins back then for about $80 apiece. + +I got spooked once and sold, and then sold one more time when my 'friends' told me I was stupid not to take my profit off of the table. Since then, I have just tried to increase my position, at least within my own personal risk tolerance profile. + +I didn't buy bitcoin when they were worth pennies or even the scandalous price of $3. I got some cheap at sub-$100 prices, but my dollar cost average over the past four years was more than three times that. + +I was only briefly underwater, and I certainly watched my paper-profits disappear in flash crashes time and time again. + +If bitcoin is a get rich quick scheme, I'm not doing it right. I never bought into alt-coins. None of them. Though I would consider using them if they served a particular utility that I needed. + +Look, the price might crash tomorrow. No reason to think it won't. It always has before. + +There's no proof this ETF is going to happen or, even if it does, it won't lead to yet more boom and bust cycles. + +But I have never seen so many people so miserable because their investment has grown by 300% in a little over year. I guess Roger Ver has been a bitcoin millionaire for so long, he can't let any of us who bought our bitcoins with our hard earned money as a long-term investment be happy for a moment. + +I used to get tired of the shit-posting about how 'we're all gonna get rich'. I never bought into that. Unless you bought thousands of bitcoins at pennies apiece, which certainly some did, that isn't the case for most of us. + +Most of us were under-water at times, and had to ride through the scourge of rage-quits, exchange hacks, scams, China bans bitcoin scares, and all manner of boogey men. + +And, there's no reason to think the ride is anywhere near over. + +It might all collapse tomorrow. + +But, can I please just enjoy today? + +Thanks. +I saw this budgeting idea on r/frugal where every time you buy something (e.g. a $1 pack of gum), it automatically takes $2 from your main account and transfers it to your savings account (it's supposed to make you think twice about buying the gum as it would cost $3 instead of $1). I can't figure out how to do this on Commbank so has anyone successfully figured out how to? + +&#x200B; + +edit: original post here + +[https://www.reddit.com/r/Frugal/comments/lcdmd5/every\_time\_i\_use\_my\_credit\_card\_2\_dollars\_is/](https://www.reddit.com/r/Frugal/comments/lcdmd5/every_time_i_use_my_credit_card_2_dollars_is/) +I don't mind paying for a 'pro' version to remove the ads, +but there's no even such option... +this is really annoying. + +Edit: Mycelium just released another update that removes the ads. +20 years old starting dividends investing soon have about 900 dollars saved up what are your thoughts on investing in both JEPI (500$) and QYLD (400$).Also will put about 150-200$ each month in both or something like VTI or SCHD +Hey Guys & Gals genuinely wondering why would I want to invest in growth right now (20 years old) instead of just going straight into Dividend investing yes growth will perform better in the long run but when it comes time to switch it to Dividends for retirement wouldn't I lose a significant amount of that to taxes making the switch. +I have accounts established at Mt. Gox, BitStamp, Coinbase, and LBC.com. But it seems like every single bitcoin exchange/purchase platform is experiencing technical difficulties, banking lag, or web traffic issues. I'm hesitant to attempt to deposit USD for coins anywhere at the risk that my $5k-$10k could get trapped in limbo for days or weeks with one of these unreliable (during times of high activity) exchanges/brokers. + + +**COINBASE** + +They've been hitting their max daily buy limit on and off as the bitcoin coaster rolls up and down. Investors are using Coinbase as a pseudo-exchange because of the poor performance of more suitable platforms, but the increased traffic has made the site unreliable for purchasing and even accessing. If you're trying to "get in" during a dip, chances are you'll either be unable to login or be hit with a "max daily limit" error. Not cool. + + +**BITSTAMP** + +Many people here are reporting delayed deposits hitting their Bitstamp accounts. Wire transfers are taking multiple days, rather than overnight, if they arrive at all. Not to mention their website has been down on and off since last night. You can't reliably login and maintain a session, so it becomes risky to hold your USD there. What if you want to make a move and the servers crash for 3 hours? Unacceptable. + + +**MT. GOX** + +Do we even need to mention how retarded it is to trade on Gox? I just saw a thread where someone is still waiting 7 months for their USD withdrawal. Gox is *infamous* at this point for not being able to pull out your American Dollars. You may be able to deposit and get some coins, but Gox prices are the highest in the land and you'll have to sell them elsewhere at very reduced value, totally slicing into your gains. Moral of the story: Stay away! + + +**LOCALBITCOINS.COM** + +With the wild swings in the market, it's impractical to make big, fast moves when you have to drive to Starbucks to hand a guy $5k cash for some BTC. By the time you get back to your house, who knows what the market will look like. Good option for those wanting to simply get some bitcoin and hold it forever. Not an option for people looking to trade or making quick moves day-to-day. + + +**Serious Question:** + +How are average US speculators and investors supposed to participate in the bitcoin market right now with the increased traffic crippling all of the entry points? Increased traffic from increased awareness and desire to participate should be terrific for all of us holding some coin, but when the buying platforms aren't able to handle the influx, we're stuck on the outside just watching the charts and furiously F5-ing on the login screens of our exchange of choice. + + +Bit of a rant, I guess. Chime in with any thoughts on the current situation. +I'm not sure if this is the proper subreddit for this question but any help is appreciated. I have seen many conflicting statements on how this will go on several forums but nothing concrete. + +I own shares on the TSX/TSE (Toronto stock exchange) of Aphria (its trades on both TSX and NASDAQ). + +As I'm sure many of know they are merging with another company called Tilray (Which only trades on the NASDAQ) + +Page 4 of the link states the terms of this agreement. +https://aphriainc.com/wp-content/uploads/2020/12/Aphria-and-Tilray-Investor-Presentation-December-2020-.pdf + +As far as I can tell nowhere in it do they mention what happens to people with TSX shares. Am I wrong to think that is kind of messed up? + +Will my shares be converted to NASDAQ shares at the same conversion rate as everyone else but with the added complication of exchange rates? + +Will the new company that is technically majority Aphria (but changing their name to Tilray) continue to just trade on the TSX but under the new name? + +Is it actually clear what's happening in the document but I am just too stupid to understand? + +Please help... Thanks! +I thought it will be good to have people share there experience. Mine is catching falling knife and listening to BNN advisors. It was Concordia Healthcare, lost quite a money in it. Worst feeling is not loosing the principal amount but loosing the tfsa contribution. + +Edit: lot of people message me asking how much I lost in concordia. Let's say I had 4000 shares with avg price of 5$. Now with reverse split of 300:1 only 11 share left. +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +A trader eventually comes across the statistic that 90% of traders fail to make money when trading the stock market. This statistic deems that over time 80% lose, 10% break even and 10% make money consistently. Still trading attracts millions of people in the attempt to beat the market and make money. + +To quantify how bad the fact of 90% losing money is I compared it to a coin flip trading bot which makes a trading decision based on a virtual coin flip *random(0,1)* 🤖 + +Below are the results for + +* Trading $QQQ +* Random enter and exit on 30min intervals +* No stop loss +* Always exit EOD (no hold over night) +* 100 simulations per year to smooth it out + +[Coin Flip Bot Setup](https://preview.redd.it/5qofnedwzyi81.png?width=3360&format=png&auto=webp&s=bdb20bcb1779578f1830e3996341f8e9e27a5139) + +Year over year performance: + +|Year|Average Annual Performance|Best Annual Performance|Worst Annual Performance|Average Annual MDD| +|:-|:-|:-|:-|:-| +|2016|1.92%|20.38%|\-10.21%|\-6.65%| +|2017|3.08%|10.92%|\-4.10%|\-3.99%| +|2018|\-3.56%|21.65%|\-21.08%|\-12.05%| +|2019|4.80%|15.61%|\-6.75%|\-6.03%| +|2020|6.66%|33.63%|\-17.12%|\-10.69%| +|2021|2.41%|26.31%|\-17.97%|\-7.25%| +|2022|\-4.21%|3.91%|\-10.00%|\-5.40%| + +I expected it to perform worse than that ;) +**Introduction** + +For the past several weeks Congress has been debating several large changes to the tax code. Late last night, the Tax Cuts and Jobs Act of 2017 was passed in final form by both the US House and Senate. It is virtually certain that President Trump will sign this bill into law in the very near future. + +Please keep in mind that (with a few very limited exceptions), this bill only applies starting 1/1/2018. Thus, your tax return due April 15th will not be impacted by this bill as that return is for 2017 income. + +The purpose of this thread is as follows: + +* To summarize the major provisions of the Tax Cuts and Jobs Act of 2017. + +* To discuss potential year-end planning tips (in the comments). + +* To allow you to ask and answer questions about the impact of this bill on you and your personal financial situation (in the comments). + +**IMPORTANT NOTE - Political commentary is not allowed.** + +While this post has been reviewed by multiple members of the mod team, errors may still be present. If you find an error, please send a message to the [mod team](https://www.reddit.com/message/compose?to=%2Fr%2Fpersonalfinance&subject=&message=). Additionally, minor changes, technical corrections, and interpretations of the bill are still ongoing - even last night, a few small changes to the bill were made. +___ + +**Summary of Major Provisions** + +If you aren't familiar with the basics of the US tax system, we strongly encourage you to [consult the wiki](https://www.reddit.com/r/personalfinance/wiki/taxes). Alternatively, [Khan Academy](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/taxes/v/basics-of-us-income-tax-rate-schedule) has a great series explaining income taxes in the US. + +The discussion below assumes you have at least a basic understanding of the US tax code and are familiar with most of the major "jargon" (i.e. the differences between gross income, AGI, and taxable income, etc...). Additionally, for those of you that have been keeping a close eye on this process, it is important to note that several of the most "controversial" provisions were altered by the conference bill. Thus please read this list, especially if you haven't had a chance to examine the final bill relative to earlier versions. + +*New Tax Brackets* + +Please keep in mind that tax brackets apply to taxable income (income after deductions) and not gross income. + +For Single Individuals + +Lower Bound | Upper Bound | Rate | "One-Step" Tax Formula +---|---|----|----| +$0 | $9,525| 10% | 0.1 * Income +$9,525 | $38,700 | 12% | (Income - $9,525) * 0.12 + $952.50 +$38,700 | $82,500 | 22% | (Income - $38,700) * 0.22 + $4,453.50 +$82,500 | $157,500 | 24% | (Income - $82,500) * 0.24 + $14,089.50 +$157,500 | $200,000 | 32% | (Income - $157,500) * 0.32 + $32,089.50 +$200,000 | $500,000 | 35% | (Income - $200,000) * 0.35 + $45,689.50 +$500,000 | N/A | 37% | (Income - $500,000) * 0.37 + $150,689.50 + +For Married Individuals Filing Jointly + +Lower Bound | Upper Bound | Rate | "One-Step" Tax Formula +---|---|----|----| +$0 | $19,050 | 10% | 0.1 * Income +$19,050 | $77,400 | 12% | (Income - $19,050) * 0.12 + $1,905 +$77,400 | $165,000 | 22% | (Income - $77,400) * 0.22 + $8,907 +$165,000 | $315,000 | 24% | (Income - $165,000) * 0.24 + $28,179 +$315,000 | $400,000 | 32% | (Income - $315,000) * 0.32 + $64,179 +$400,000 | $600,000 | 35% | (Income - $400,000) * 0.35 + $91,379 +$600,000 | N/A | 37% | (Income - $600,000) * 0.37 + $161,379 + +You can find tax brackets for less commonly used filing statuses (head of household and married filing separate) [here](https://www.fool.com/taxes/2017/12/19/heres-what-the-2018-tax-brackets-will-be-if-the-go.aspx). + +*Standard Deduction and Personal Exemption Changes* + +Currently, there are two major items taxpayers deduct from their adjusted gross income (AGI) - 1) the greater of the standard deduction or their total personal itemized deductions (mortgage interest, real estate taxes, state and local income/sales taxes, charitable contributions, certain medical expenses, etc...) and 2) personal exemptions. + +The new tax bill eliminates personal exemptions (about $4,150 per person claimed on the tax return) and increases the standard deduction. The new standard deduction will be $12,000 for an individual and $24,000 for a married couple filing jointly. + +*Specific Changes to Certain Itemized Deductions* + +Certain itemized deductions now have new limits/restrictions. Specifically: + +* Interest on new (not existing) home loans for loan amounts above $750,000 may no longer be deducted. Interest on Home Equity Loans is no longer deductible (it appears that this applies for all home equity loans, and not just new ones). + +* There is now a new, combined cap on state, local, and property taxes. No deduction is allowed for state and local income (or sales) taxes + property taxes that, combined, exceed $10,000. + +*Changes to Child Tax Credit* + +The child tax credit will increase to $2,000/qualifying child. The credit will now start to phase out at $400,000 for a married couple and $200,000 otherwise. $1,400 of the credit will be refundable (i.e. payable even if you owe little/no taxes). + +A new "other dependent" tax credit of $500 per person will be added. This credit will apply to dependents who aren't children. + +*Student Specific Provisions* + +In contrast to previous versions, the final version does not tax graduate student tuition waivers. Student loan interest continues to be an adjustment (as a for-AGI deduction). + +*Other Important Changes (and non changes)* + +* The new bill effectively eliminates the individual mandate to purchase health insurance (or, at the very least, reduces the penalty for non-compliance to $0). A full analysis of the implications of this provision are beyond the scope of this post. + +* Starting with future divorce decrees, alimony is no longer deductible by the payer. Likewise, it is no longer taxable to the recipient. + +* Moving expenses will no longer be an adjustment (except for military members). + +* The bill will change the "kiddie tax" to follow the trust schedule (hitting the 37% bracket starting at $12,500). + +* The estate/gift tax exemption amount will increase to $11.2MM ($22.4MM per couple). + +* There are no change to 401(k)s, no mandatory use of FIFO for cost basis, no longer qualifying period for tax exempt home sales, and no changes to the adoption credit. + +___ + +**Conclusion** + +The Tax Cuts and Jobs Act of 2017 contains numerous important provisions that you should know about. Because taxes are complex, there is no easy answer for whether you will pay more or less under the new rules (although we're sure the comments will link to some tools that give you a good guess). + +**Please keep the discussion of this bill focused on the personal finance angles and refrain from engaging in political discussions.** + +___ + +**Sources** + +Please see the following links for additional discussion of the tax bill. + +* See [here](https://www.kitces.com/blog/final-gop-tax-plan-summary-tcja-2017-individual-tax-brackets-pass-through-strategies/) for a longer write-up that discusses the above changes and more in great detail. +* See [here](https://www.journalofaccountancy.com/news/2017/dec/tax-reform-bill-changes-for-individuals-201718070.html) for analysis published by *The Journal of Accountancy*. +* See [here](http://docs.house.gov/billsthisweek/20171218/CRPT-115HRPT-466.pdf) for the official text of the bill (be forewarned - it is about 1100 pages long, extremely technical, and has since been modified in a few minor ways). + Hi hope this is the best place to post an Aus-specific personal finance question. My (34F) partner (36M) received a substantial 700Kish inheritance roughly 3 years ago after his father died suddenly. The money has been earning interest in either ING or UBank savings account, but haven't invested anything so far. He has used small amounts to purchase a car, and small amounts here and there - but mainly we treat it as if it were not there and live within our means based on our modest income. We recently had a baby, and I had a year off on maternity leave and returned to work part-time making around 41K before tax. My partner is on about 60K before tax - but this is working 55 hours a week and counting on overtime to earn this. We will probably have another kid and I'll remain part-time for the next few years. I have potential to be earning between $75-85K if I was to return full time. At the moment we have pretty modest incomes besides the inheritance and interest he receives monthly from that. + + We live in Adelaide so are looking at being lucky enough to afford to buy a decent house due to somewhat-affordable house prices here. We are currently renting (comfortably paying $395 rent per week) but are at the stage of life where we'd really like to buy a house. We are looking at houses between $550K - 750K. We intend to be living there for at least 5 years but not forever. + +My question is for anyone's opinion on whether we should opt to invest as much of the inheritance into the family home as possible - to reduce mortgage payments or potentially buy something in the lower end of our budget outright. This would make it easier to comfortably enjoy lower incomes for the next few years while we have pre-school aged children at home and then invest / save disposable income for other goals without pressure of rent / mortgage payments. The other option is to take on a modest mortgage (roughly between $150K - 300K) and have roughly the same amount sitting in an offset account, offsetting interest on the mortgage and at our disposal for investing in other assets. It would almost entirely offset the interest we'd be paying on the mortgage (reducing the interest portion to between $20K-40K). We have done the calculations and a mortgage of this amount is still affordable for us even if interest rates were to rise, and would likely still be less than our current rent. I am seeking out an independent financial planner in Adelaide - but there are surprisingly very few and we don't want to rely on advice from a mortgage broker only who has an incentive to get the biggest mortgage possible out of you. + +TLDR: buy cheap house outright or get mortgage and offset some of 600K inheritance? +Long story short: 29yo, kids 4 & 2. Salary $125k full time equivalent, although currently I'm taking a day each fortnight off to complete a post-grad degree. I'm lucky enough to have a job where I can essentially (within reason) decide how much I would like to work, although I need to give plenty of notice. + +I had sort of planned by default to go back to full-time next year, but now I'm re-considering. I am considering instead dropping another day (9 days per fortnight down to 8) and pulling the kids out of daycare on that day each week just to spend some time with them basically. + +My salary would then go down to about $100k for the 4 day week, and of course we'd save a little on daycare fees. We have never had any specific FIRE goals but of course a move like this will probably substantially push back any chance of FIRE-ing, but I'm sort of thinking that the time now is more valuable than free time might be another 20 years down the track. + +Anyone else done something like this? Care to share some experience? +So my role was made redundant today (although I don’t believe that it’s not required anymore) as part of a much publicised restructuring initiative. I don’t have a big redundancy package either, might only cover me for 2 months. + +I’m already hitting up my network for a new role (hoping I won’t need to get desperate and take a step back in role & salary). Is there anything else I can do? + +I think Newstart Allowance might be an option to have some extra cash flow. I’m also thinking of putting the spare bedroom on Airbnb although not keen on doing this. + +Any tips or suggestions to help? + +P.S: I’ve never had this situation in my life and have always been an overachiever so this is new territory for me. +I just started a new job on a Helpdesk for a large company, contracted through a recruiting agency. Everyone else on the team was also recently contracted through a recruiter as well. I was chatting with the rest of the team and found I am making at least $10 less an hour than everyone else. + +I'm considering calling my recruiting agency and demanding a pay bump, or I will find another opportunity. I could probably just contact another agency and be recruited for the same position. + +Has anyone here had experience with this before? What are my options? + +EDIT: Oh no, I have become the very thing I hate! Sorry for the trending notifications! +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I'm doing my taxes for 2019 (extended deadline) and realized that one of my mega backdoor rollovers for the year was coded as a conversion rather than a rollover on my Vanguard account activity, which means that it's showing up in Box 3 instead of Box 2. I was on the phone with Vanguard for awhile and they were claiming that it should be a conversion because it's from a pre-tax account (even though part of the money may be after-tax) to a Roth account and that it's then up to me to show how much is non-taxable on my return. I think that that's incorrect based on the IRS's Form 1040 instructions, that give the precedent that taxable conversions from a traditional IRA to a Roth IRA are included on Line 4b (for IRAs), while traditional 401k to Roth 401k OR Roth IRA conversions (or rollovers in the 401k to IRA place) are included on Line 4d (the precedent being that it's about the account it's come from, not to, but traditional IRA to Roth 401k rollovers aren't allowed). + +If the after-tax 401k to Roth IRA amount is to be considered a conversion, then the only way I know of showing that most of it is non-taxable is by filling out Form 8606, but that's really for non-deductible IRA contributions (the regular backdoor Roth). There's nowhere in it for non-taxable traditional 401k to Roth IRA transfers. + +Any help would be greatly appreciated, thank you. + +Edit: This is the only info I've been able to find on this. It suggests that a direct after-tax 401k to Roth IRA transfer should be considered a rollover from a qualified plan (meaning it should be in Box 2 of Form 5498) and that there should be no Form 8606 involved. I can't say if this is right though and I'm afraid that Vanguard will disagree with me when they call me back. + +[https://www.bogleheads.org/forum/viewtopic.php?t=252841](https://www.bogleheads.org/forum/viewtopic.php?t=252841) +I have noticed that many times what holds people back are the difficulties to deal with fear and anxiety. To the point that sometimes at the surface level, they might seem to be doing great but negative emotions can still affect the way they feel about themselves and their life in a bad way. + +How does this work for you? +I want to get this off my chest because it's been a problem for a while and I've been pushing it to the back of my mind. + +My husband (30m) and I (24f) are looking at buying our first home. We live in a very expensive area (Seattle metro). Today we were looking at getting pre-qualified for a loan and my husband asked me what my total credit card debt was. I added it all up and it was $7165, not as much as some people but still a lot especially considering I got a debt consolidation loan last year for about the same amount and I've already managed to rack up that much again. Lately I've been avoiding looking at my banking apps because I know how bad it is. + +I've made some not great choices spending wise outside of just food, like traveling, name brand clothes and stuff, but all of that is something that has been easy for me to say "hey I just won't buy any of this stuff, or I won't travel" whereas the food is a daily expenditure. After taxes I make around $4500-$5000 per month, depends on how many hours I work. On days that I work I will often spend as much as $50 per day just on food and (non alcoholic) drinks, and sometimes more if I go out for dinner and drinks with my friends. Like expensive deli food, restaurant food, fresh fruits, energy drinks, etc. For a while my excuse to myself was "well I want to eat healthy so it's worth it to spend more" but it's gotten ridiculous and to be honest my choices aren't always that healthy anyway. + +The home buying process has been the wake up call I needed. My husband is a pretty frugal person and makes nearly all his purchases on his debit card. He makes a budget every month and adheres to it. He has expressed his concern to me about my spending multiple times and I know he's right. We got married last year and he's told to me that he feels very uneasy about my spending because we are a team now and want to have children. We haven't combined our finances yet. I've been brushing him off but I realize now I need to make a change. I should take a look at some of my other expenses too but food is a big one. I calculated it and I've been spending at least $1000 per month on food alone, probably more. + +We received a set of glass food containers as a gift for our wedding and they've just been sitting in a box on a shelf. I got them out today and I'm going to start meal prepping. I used to have a very low income when I first moved out on my own ($10 per hour and not always able to get 40 hours per week) so I know how to live cheap. I used to make nearly all my own food at home and brewed my own coffee because I literally couldn't afford not to. Over the years as my income has increased I've become very lazy when it comes to cooking. I'm done making excuses for myself. If you can relate to my situation I encourage you to take a look at yourself as well. +Hey there guys this an update from [this](https://www.reddit.com/r/povertyfinance/comments/b3vw9s/about_to_be_homeless_and_i_dont_know_what_to_do/?st=JURSBNRK&sh=f231e667) post. + +So my girlfriend now has a job! While it’s not the best job it does bring in extra money. So we’re not facing homelessness anymore. However, things still aren’t looking great. A week after my initial post my car broke down. Then last week the hotel we were staying at raised there price significantly when it was supposed to get lowered so now I can’t save money to get an apartment or fix my car. + +My girlfriend and I really want to get somewhere where we can save money, but we are stuck at the hotel. We get payed every other week which means we get payed 5 days after our payment for the room which they give us lead way on since we’ve been there for a while. So by the time Friday rolls around we already owe for the whole week and then there isn’t enough money to go anywhere else at that point. + +I could really use some recommendations or ideas. We’re new to Denver and don’t know people so couch surfing isn’t an option exactly. We also have our pet so we have to keep her with us. +It is funny an even ironic to see Banks warning about crypto. Just yesterday the bank of England warned that crypto could become 'worthless'. Banks are freaking out seeing money goes from under their control to exchanges which they can't manipulate. The less assets they have under control, the less power they have. + +Crypto is a danger for their existence and they know it! It is the same thing when FAX companies would warn about emails and their dangers when they noticed that it is taking their market share. + +Banks are not stupid, they have a lot of smart people working there. They know that their future is not certain anymore with so many people wanting decentralized finance and seeing the adoption grows massively. It has become quite clear, either join and adapt blockchain technology or get lost behind! +Today I sat down to tally up how much I spent in 2020 to have a better understanding of my FIRE journey. After hours and hours on Personal Capital and Excel I simply gave up! It's way too convoluted and opaque to me. I have many credit cards and bank accounts. Multiple broker accounts and two properties. The number of transactions and money transfers between accounts are simply unacceptable. It was as if I'm a day trader! + +As a goal this year, I want to make my financial life simpler: + +* I'm going to [sell my other house](https://old.reddit.com/r/fatFIRE/comments/n5xfrh/fat_reverse_mortgage/) and convert it to REIT shares + +* Go [fully BogleHead](https://old.reddit.com/r/Bogleheads/comments/mnmzf5/my_portfolio_is_healing_transition_is_in_progress) on my investment side. +* Most of my money is in Fidelity anyways so I'm going to close my Robinhood account +* Use a single credit card for everything. I really don't have time for [Churning](https://www.reddit.com/r/churning/) +* Use a single banking account: Schwab Investor Checking + + +What is your experience with financial simplicity? Do you have any tips to share? +It’s possible to get out of poverty. I was able to save 30,000 and we just closed on our first house. 3 years ago my credit score was 460 and now it’s in the 700s. Posted this here to give you all hope. Still have those student loans but I was able to save and buy a house on $38,000 a year with 2 kids +Hey guys, Nurse Mimi the medi-ape is here. + +I'm ready to fix you up with a compilation of news and memes from yesterday/this morning. I will keep updating this throughout the day! + +**Congratulations to our banner winner!** + +[u\/Sad-Raspberry5735 - What everyone felt like whilst voting](https://preview.redd.it/1jnfweuk0wu61.png?width=600&format=png&auto=webp&s=462525806bb5c359ca347c0aac5b9893f0a0d9d2) + +&#x200B; + +[u\/woke0rthadox our winner after a total of 420,000 votes.](https://preview.redd.it/1ct92n525wu61.jpg?width=1600&format=pjpg&auto=webp&s=510fb7e8e98c59c4ea748a851dd243250c07d072) + +\--------------------------------------- + +\--------------------------------------- + +**BREAKING - IN TODAY! - THE NEWS WE HAVE ALL BEEN WAITING FOR!** + +(Edit 13:01 - More drama) + +[ News Flash GIFs | Tenor ](https://preview.redd.it/ykc7f6lvxwu61.png?width=634&format=png&auto=webp&s=6a7a34bc7cb0b486d58fffc2bcb85ac5d840262a) + +[u/Chump\_Mumu](https://www.reddit.com/user/Chump_Mumu/) Posted : + +"*Holy moly, are we about to go to the moon!!?!!?!!* + +*THE MOASS IS COMING!!!!! OMFG 😱"* + +[https://gamestop.gcs-web.com/node/18846/html](https://gamestop.gcs-web.com/node/18846/html) + +Mark on your calendar the following info: + +**Meeting Type:** Annual Meeting of Stockholders + +**Date:** Wednesday, June 09, 2021 + +**Time:** 10:00 AM, Central Daylight Time + +**Place:** 625 Westport Parkway, Grapevine, Texas 76051 + +**Read more here:** + +[(5) GameStop just filled the 14A : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwfqma/gamestop_just_filled_the_14a/) + +\--------------------------------------- + +\--------------------------------------- + +**Contents:** + +**Section 1- HF/Bank Tears** + +**Section 2 - US Federal Related News** + +**Section 3 - GME Stock News** + +**Section 4 - Susanne Trimbath** + +**Section 5 - Motivational Posts** + +\----------------------------------------- + +**Section 1 - Hedgefund/Bank Tears** + +\----------------------------------------- + +[**u/gaudspd**](https://www.reddit.com/user/gaudspd/) **Points out this article which states:** + +*Informed Portfolio Management, a Swedish hedge fund that had relied on statistical models to devise its strategies, is set to shut its doors and return investor capital after losing roughly $4 billion during the pandemic.* + +*"IPM, whose main owner is Stockholm-based investment firm Catella AB, had assets under management of close to $5 billion in late 2019, before the pandemic hit. A year later, that amount had more than halved to $2 billion, with the investor exodus since then depleting assets to about $750 million."* + +Not sure if this is related to GME, but as we know this whole system is like a big spiderweb. Everything seems to be somehow connected! + +[Hedge Fund IPM Shuts Doors After Losing $4 Billion in Pandemic - BNN (bnnbloomberg.ca)](https://www.bnnbloomberg.ca/hedge-fund-ipm-shuts-doors-after-losing-4-billion-in-pandemic-1.1593731.amp.html) + +[(5) Another one bites the dust. "Hedge Fund IPM Shuts Doors After Losing $4 Billion in Pandemic" : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw9bqk/another_one_bites_the_dust_hedge_fund_ipm_shuts/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/boogie-time123**](https://www.reddit.com/user/boogie-time123/) **Posts:** + +[Big meeting in London Stock Exchange?](https://preview.redd.it/1b4yiftm2wu61.png?width=607&format=png&auto=webp&s=5810d8bc7a609a4a2250f3664684086d5c21a5da) + +In the comments u/[hebejebez](https://www.reddit.com/user/hebejebez/) writes: + +*"There seems to be a climate rebellion March round there, some of them just smashed HSBC's windows with a hammer. "* + +[(5) London Stock Exchange is so busy right now, it's LITERALLY OFF THE CHARTS !!! : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw1wx8/london_stock_exchange_is_so_busy_right_now_its/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/ledonskim754**](https://www.reddit.com/user/ledonskim754/) **Found this article:** + +*"Having the collateral to cover stock trading is important to oil the market cogs. With margin trading, it is critical, a lesson learned the hard way from “Bill” Hwang last month. From today, the SEC will decide which brokerages failed to cover their securities trading, and what punishments it will dish out."* + +[(5) Banks Raise $34 Billion to Comply with SEC Rule, Effective Today - The Tokenist : Wallstreetbetsnew (reddit.com)](https://www.reddit.com/r/Wallstreetbetsnew/comments/mvz6ae/banks_raise_34_billion_to_comply_with_sec_rule/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**More on the SEC, they appointed a new director of enforcement!** + +[**u/TheGargaglione**](https://www.reddit.com/user/TheGargaglione/) **writes in his post:** + +*I find this quote from her very interesting:* + +>*“I’m excited to join the Division of Enforcement’s team of deeply talented and committed public servants,” said Oh. “The Enforcement Division plays a critical role in protecting investors and maintaining fair, orderly, and efficient markets, essential components of the SEC’s mission. I am committed to working tirelessly to uncover and prosecute violations of the law,* ***whether by businesses or their leaders***\*, so that we can keep American capital markets the strongest in the world.”\* + +*Also, from GG himself:* + +>*“Our capital markets – and the broader economy – thrive when there are clear rules of the road and a cop on the beat to enforce them”“Alex brings to the role of Director the right combination of values and experience to vigorously root out wrongdoing in our markets. With her work as a prosecutor, pro bono experience, and time in private practice, she has the expertise as a highly respected lawyer to ensure that the SEC protects investors.”* + +[(5) SEC appoints new director of enforcment : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw8g6t/sec_appoints_new_director_of_enforcment/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/DelMonte20**](https://www.reddit.com/user/DelMonte20/) **Points out this article that states:** + +*"On Thursday, Credit Suisse posted a 757m Swiss franc ($827m; £594m) loss for the first three months of the year, having previously warned that losses could reach SFr900m.* + +*It would have been the bank's best trading quarter for a decade, but Credit Suisse was forced to write off SFr4.4bn related to the Archegos collapse."* + +[Greensill lender Credit Suisse suffers 'unacceptable' loss - BBC News](https://www.bbc.co.uk/news/business-56841945) + +[(5) Credit Suisse asking for $2bn from investors following losses due to Archegos (HF) and Greensill collapse. Further evidence of financial institutions across the world struggling right now. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw1l9f/credit_suisse_asking_for_2bn_from_investors/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/Doggoonewild**](https://www.reddit.com/user/Doggoonewild/) **posts:** + +[Naughty naughty Kenny!](https://preview.redd.it/7rbq8nvp4wu61.jpg?width=640&format=pjpg&auto=webp&s=a40a1131caccdfc2d09f1ded689cfe303970b241) + +[Citadel alum charged with $2.4m PPP loan scam : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw3jd3/citadel_alum_charged_with_24m_ppp_loan_scam/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**Section 2 - US Federal Related News** + +\----------------------------------------- + +[**u/TPGADSL**](https://www.reddit.com/user/TPGADSL/) **Writes:** + +*" The USD is the reserve currency of the world for a reason. To make global investors lose all confidence in the US market is nothing short of self-destruction and would lead to a lot more than just the collapse of the stock market."* + +Mimi ELIA: Basically, the USA wants juicy foreign tendies, so cannot look like they would play an unfair game. + +[(5) The United States Government WILL NOT and more importantly CAN NOT step in to stop shorts from having to cover : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwa9r8/the_united_states_government_will_not_and_more/?utm_medium=android_app&utm_source=share) + +&#x200B; + +[ u\/Solid\_Adeptness\_5978 ](https://preview.redd.it/7t2111zexvu61.jpg?width=640&format=pjpg&auto=webp&s=1d6e5852d7151e7b951b857d18a280c04a9a698b) + +\----------------------------------------- + +u/Arteryblock **Shares:** + +&#x200B; + +[\(I'm not even sure if this is good or bad. Any apes know?\)](https://preview.redd.it/7re6xcj80wu61.jpg?width=960&format=pjpg&auto=webp&s=cbdd4522c3aaa816df32f27488f0bd603f2d705d) + +**In the comment section,** u/Arteryblock **writes:** + +*"It’s not a great thing in itself. It just confirms the circle of corruption runs to the highest levels.* + +*The FTC up until now had the ability to recoup money from individuals or organisations if it was gained through wrongdoing/illegal activity. The Supreme Court just put an end to that.* + +*My understanding from this is the Supreme Court just gave the green light for ill gotten gains to continue without any repercussions. Totally normal, nothing to see here."* + +[(5) CONFIRMATION BIAS : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw5vwn/confirmation_bias/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/LaserHawk\_**](https://www.reddit.com/user/LaserHawk_/) **Writes:** + +*"Who owns America? That depends who you ask. A growing body of opinion points to an obscure, but immensely powerful organisation called CEDE and Company.* + +*This small New York based financial institution has a dozen directors and no more than a half dozen employees but holds, according to some reports, some 34 trillion dollars in assets. A complex system of interlocking bodies, such as The Depository Trust \&amp;amp;amp;amp;amp; Clearing Corporation, the National Securities Clearing Corporation and the Fixed Income Clearing Corporation oversee all stock trading in the US. They all come under the umbrella of Cede."* + +[https://www.dailystar.co.uk/news/weird-news/secret-trillion-dollar-company-owns-20790205](https://www.dailystar.co.uk/news/weird-news/secret-trillion-dollar-company-owns-20790205) + +[(5) Cede & Co. The secret trillion-dollar company that owns America : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mvvspq/cede_co_the_secret_trilliondollar_company_that/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/AliveAndWellness**](https://www.reddit.com/user/AliveAndWellness/) **Posts:** + +&#x200B; + +[ u\/AliveAndWellness ](https://preview.redd.it/6z9w0gw61wu61.jpg?width=640&format=pjpg&auto=webp&s=9b324f5038ff3473d7440b9593bd211e9e1f5e45) + +Perfect timing for the government if you ask me! Can it do with the pandemic instead of GME? Possibly. But it could also be because of the everything short and those sweet capital gains, if it gets implemented fast. + +And us Apes ALWAYS pay our taxes! + +\----------------------------------------- + +[**u/boogie-time123**](https://www.reddit.com/user/boogie-time123/) **Posts:** + +&#x200B; + +[Tweet from Domo Capital and Dr.Patrik Patel](https://preview.redd.it/u0g8pdl62wu61.png?width=671&format=png&auto=webp&s=134ef7bfc3660845fda81e48fbeaa05ce51f812d) + +\----------------------------------------- + +**Section 3 - GME Stock News** + +\----------------------------------------- + +[**u/r34p3rex**](https://www.reddit.com/user/r34p3rex/) **Posted that there is only 26M shares in the float!!!** + +*" I just finished reading through the* [*proxy statement*](https://gamestop.gcs-web.com/static-files/b8fcb1ce-dfcf-42fd-89a8-dfaed2084dcc) *and they provided a list of all the >5% shareholders and the positions held by officers and board members. Even without including institutions that hold less than 5%, the total public float available is only around 26M! Imagine how many institutions just didn't make the cut-off! Here's a table that summarizes the list:* [*https://i.imgur.com/DttUhbK.png*](https://i.imgur.com/DttUhbK.png) *"* + +[GME Proxy Statement DD: \~26M shares in public float!! : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwh4ne/gme_proxy_statement_dd_26m_shares_in_public_float/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/Leenixus**](https://www.reddit.com/user/Leenixus/) **Posted about earnings/dividends/voting:** + +*Final Conclusion* + +* ***Final Assumption on Dividends:*** *The next earnings date that will be as we know somewhere around the 9'th of June. The dividend is likely to be announced 2 days after earnings on Friday the 11'th of June.* +* ***Final Assumption on the Dividends Recording Date:*** *The share record date for the dividend will be the 25'th of June. Bonus, might join the Russel 1000.* +* ***Final Assumption on the Voting Date:*** *Based on the above, the date where we get to vote should be some time between the* ***04/22 - 5/12***\*. If you want to be liberal about it, sure, it could go all the way up to 5/16 till we get to vote.\* +* ***Final Assumption on the 400 000 dead puts:*** *We'll see another "Mega" attack sometime before the end of April or the start of May. I recon they are accumulating borrowable shares (why do borrowable shares keep disappearing daily but no price drops?) & combining them with this last ditch effort puts that they rolled over from the 16'th. One last hurrah.*[(2) Speculative DD - The near future : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mv2mqa/speculative_dd_the_near_future/) + +\----------------------------------------- + +[**u/Long-Setting**](https://www.reddit.com/user/Long-Setting/) **Writes:** + +"*We called out weeks ago that hedgies would drop the SandP500, DOW, and NASDAQ and make it correlate directly with GME to shake as many 📄 🤚 off the rocket.* + +*We also called out that they’d make it trade sideways as long as possible to bore everyone out of their positions and pump and dump other “meme stocks” or distractions to FOMO into.* + +*Buy and HODL, nothing has changed."* + +[Quick update to the indexes sharp drop and GME “dropping” : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwa6am/quick_update_to_the_indexes_sharp_drop_and_gme/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/TDETLES**](https://www.reddit.com/user/TDETLES/) **Posts:** + +*" I have been taking some looks at the Level 2 information and it seems that when "they" want to drop the price, "they" use smaller lots of bids and asks - today was lots of 11."* + +&#x200B; + +[ 11 shares were being traded back and forth the entire time we saw a drop in the price down by $10 ](https://preview.redd.it/9iujkqrt5wu61.png?width=2805&format=png&auto=webp&s=8a31a10de2a2b6ab4f199039ac56f4e6e8ffcb9e) + +[This drop is synthetic and I think we might be holding for longer than we expect before the tendieman comes. Be prepared for that and don't get fatigued. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwbk4y/this_drop_is_synthetic_and_i_think_we_might_be/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/1mag1n3\_cgh**](https://www.reddit.com/user/1mag1n3_cgh/) **Posts:** + +[Visual representation of FTD cycles](https://preview.redd.it/1cyp6yh97wu61.png?width=960&format=png&auto=webp&s=ce22b952bae0c127a10e8bff189d9630436f175c) + +(Edit:11:26 GMT) Updated visual representation found by u/[boahmali](https://www.reddit.com/user/boahmali/) + +&#x200B; + +[u\/1mag1n3\_cgh just posted this update!](https://preview.redd.it/9fm42kp6hwu61.png?width=960&format=png&auto=webp&s=b30717f243112bd1b6168484d2d60dcf3f54d9fc) + +It will be interesting to see what happens! No dates though! + +[A Visual Analysis Showing the 21 Day GME FTD Cycle. You can see there have been price jumps on each of the "21 Trading Day" cycles. No dates - just lines, triangles and some words & numbers (get your wife's boyfriend to read you those parts). Anyone know the FTD data within these cycles? : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw2fqk/a_visual_analysis_showing_the_21_day_gme_ftd/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/kamayatzee**](https://www.reddit.com/user/kamayatzee/) **Posts:** + +&#x200B; + +[ Tuesday \(4\/20\) Yesterday \(4\/21\) and Today \(4\/22\) rank #3, #1, and #2 in lowest volume, respectively. ](https://preview.redd.it/hpjfgrkj7wu61.png?width=243&format=png&auto=webp&s=f128dbd8d8f293e39287876fdd0f8c2943f77630) + +"*We would have to go all the way back to November 18th, 2020 to find a lower volume day (\~3.169 million shares).* + +*-Only 5 days have volume under 5 million in 2021.* *4* *of those occurred in the last 12 trading days."* + +[(5) LIQUIDITY IS DRYING UP! THE 3 LOWEST VOLUME TRADING DAYS IN 2021 HAVE ALL OCCURRED IN THE LAST 3 DAYS : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwde2v/liquidity_is_drying_up_the_3_lowest_volume/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**Section 4 - Susanne Trimbath** + +\----------------------------------------- + +[u/JohnLilburne](https://www.reddit.com/user/JohnLilburne/) Shares that Dr.Susanna Trimbath wored for the DTCC and wrote a book, coming to very similar conclusions as u/atobitt. (This doesn't mean to say Mr.Atobitt copied her, they could have both done the research and come to the same conclusions. This strengthens his argument!) + +[Dr.Susanne Trimbaths book. u\/hornie877 commented: \\"that book cover looks so interesting like Kenny Griffy Boy \(KGB\) falling from his throne, about to be impaled through his arse like a Sheesh kebab\\".](https://preview.redd.it/z959443g8wu61.jpg?width=640&format=pjpg&auto=webp&s=c3e32c37f1e225cf6ab01b5a8b8bb6af5dd27ce6) + +[Before u/atobitt, there was Susanne Trimbath. Everything he was talking about yesterday, is in this book. Please read it. She worked at DTC. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw37ef/before_uatobitt_there_was_susanne_trimbath/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/1337St0nks**](https://www.reddit.com/user/1337St0nks/) **Posts this to ask us to follow Dr.Trimbath if we use twitter.** + +[Dr.Trimbaths twitter posts](https://preview.redd.it/xypnt96u8wu61.jpg?width=640&format=pjpg&auto=webp&s=413bd7c54a087707f0185bfd50e83fc425cec7f3) + +[If you have Twitter give @SusanneTrimbath a follow!💎🙌🏻 author of : Naked, Short and Greedy. Wall street’s failure to deliver : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw410l/if_you_have_twitter_give_susannetrimbath_a_follow/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/Golden\_D9**](https://www.reddit.com/user/Golden_D9/) **Posts:** + +*After* [*u/Atobitt*](https://www.reddit.com/u/Atobitt/) *amazing DD yesterday, 2 sources emerged that basically confirmed Atobitt's DD to be factually correct: The book "Naked, Short and Greedy" by Wall Street whistleblower* *Dr. Susanne Trimbath* *(Link here:* [*https://spiramus.com/naked-short-and-greedy*](https://spiramus.com/naked-short-and-greedy)*), and the paper "The Rise and Effects of the Indirect Holding System" by law professor* *David C. Donald* *(Link here:* [*https://www.ilf-frankfurt.de/fileadmin/\_migrated/content\_uploads/ILF\_WP\_068.pdf*](https://www.ilf-frankfurt.de/fileadmin/_migrated/content_uploads/ILF_WP_068.pdf)*).* + +*I think these 2 very accomplished individuals know a lot about the evidently fraudulent financial market and* *apes would benefit greatly if we could invite these 2 for an AMA session in the future*\*.\* + +**An AMA with Dr.Trimbath? Bring it on! I wish she would be called to testify for us in the Senate!** + +[Re: Atobitt's HOC1: How Would Apes Like it if the Mods Invited Dr. Susanne Trimbath and Prof. David C. Donald for an AMA Interview? : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw448c/re_atobitts_hoc1_how_would_apes_like_it_if_the/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**Section 5 - Motivational pieces** + +\----------------------------------------- + +[**u/wheresthatbeef**](https://www.reddit.com/user/wheresthatbeef/) **Posts:** + +*"My wife’s boyfriend is taking her on a fancy date tonight while I’m eating a crayon sandwich and watching a virtual bobber until it tells me to right click.* + +*I can watch a line move right for a damn year. I love getting my tits jacked for dates, and the longer the squeeze is put off the more meaningless dates I get to jack my tits while watching the line move right."* + +[I fish in RPGs for fun. You think you can Fucking bore me out? No chance : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw68x7/i_fish_in_rpgs_for_fun_you_think_you_can_fucking/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/MrHandos**](https://www.reddit.com/user/MrHandos/) **Shared:** + +[Just a lil' reminder.](https://preview.redd.it/vuyvhy76awu61.jpg?width=640&format=pjpg&auto=webp&s=b381b525b5aa8e528579957ea63ee51dcac83586) + +[(5) Just a quick reminder 🚀🚀🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwawe6/just_a_quick_reminder/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**Rheged\_Gaming**](https://www.reddit.com/user/Rheged_Gaming/) **Commented:** + +*"Diamonds hearts and diamonds minds produce priceless finds."* + +**That's some beauty right there apes. \*sniffs\*** + +\----------------------------------------- + +**Thank you for reading. I will conclude this with saying that if you need a prescription for memes, please follow the link below:** + +[MEME Compilation - 22/04/21 - Nurse Mimi's Prescriptive Memes (Daily Dose). : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw5j43/meme_compilation_220421_nurse_mimis_prescriptive/gvg5ghd/?context=3) + +**If you want to read yesterdays news, please follow the link below:** + + [(2) MORNING NEWS (And obligatory memes) from Medi-ape Mimi. 👨‍🚀 22/04/21 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw1ap0/morning_news_and_obligatory_memes_from_mediape/) + +**If you want to read tomorrows news, please follow the link below:** + +[ MORNING NEWS (And obligatory memes) from Medi-ape Mimi. 👨‍🚀 24/04/21 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxidiw/morning_news_and_obligatory_memes_from_mediape/) + +**Lots of love,** + +**Nurse Mimi** + +(Edit 11:49 GMT: Forgot to add obligatory rockets!) + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 +Hello all, + +Before I begin, let me just start by saying that I am in no way, shape, or form a financial advisor, and may in fact be legally retarded. So please take what I say here with a grain of salt. Just know that just like yourselves, I'm balls deep in the GME // AMC phenomenon, and the past two months have been the most interesting in all of my life. + +Also, please note that I'm on a laptop, so I'll likely come back and edit this to make it look more enjoyable on a phone. Please forgive the lack of \[rocket emoji\]s! EDIT: 🚀🚀🚀🦍🦍🍌🍌🌝🌕 + +EDITED TO REMOVE POSITIONS🛑 + +**A BRIEF LOOK BACK** + +So as we all know, GameStop took off in January. A lot went into it, and a hero was born. We know him as r/DeepF\*ckingValue, otherwise known as RoaringKitty on YouTube and Twitter. His ape name is Keith Gill, and was recently put in the hot seat at the recent Hearing regarding the trading halts that occurred in January, which ultimately prevented the squeeze from being squoze by eliminating a vast percentage of buying pressure. + +He likes the stock, but is not recommending that we buy it. He's recommending that we do our own DD, and dive into the rabbit hole of a crooked-fucked market ran by greed and manipulation that we've been watching day in, and day out for the past two months now, and the mess that they've created regarding short interest, failed to delivers, etc. + +AMC happened to be in the mix during all this, and up to this point has survived as capable, and has saved AMC entirely. + +Both of these stocks have a great support system behind them, and that in and of itself is why we will not fail. + +All we have to do is put up with the bullshit that is coming our way, and man, it's quite spectacular the lengths that these hedgefucks are willing to go to in order to try and shake us out of our positions. + +ITS NOT FUCKING WORKING. + +**WHERE ARE WE NOW?** + +Here we fucking are, March of 2021, and GameStop is trading at $200/share after reaching a peak of $350 last week before the stoploss jerkfest of the century took place. + +AMC has been receiving great news as of late, and has had a lot of insider buying taking place that points to positive outlook moving forward. They now have 98% of theatres open, and the remaining will follow suit later this month. + +EDIT: HERE ARE LINKS TO THE AQUISITIONS + +https://bulletin.webull.com/20210317/158812/43661662a0bb76607f86a5bcb4708c19/89919?theme=2&_v=1&color=1&hl=en&sp=1&hl=en&theme=1 + https://bulletin.webull.com/20210317/158812/43661662a0bb76607f86a5bcb4708c19/55225?theme=2&_v=1&color=1&hl=en&sp=1&hl=en&theme=1 + +https://bulletin.webull.com/20210317/158812/43661662a0bb76607f86a5bcb4708c19/28949?theme=2&_v=1&color=1&hl=en&sp=1&hl=en&theme=1 + +https://bulletin.webull.com/20210317/158812/43661662a0bb76607f86a5bcb4708c19/87923?theme=2&_v=1&color=1&hl=en&sp=1&hl=en&theme=1 + +https://bulletin.webull.com/20210317/158812/43661662a0bb76607f86a5bcb4708c19/82461?theme=2&_v=1&color=1&hl=en&sp=1&hl=en&theme=1 + +These are just a few. There are more. + +Below is a list of positive reasons why we need to hold on to these two stocks until this event plays out, as we're living in times that are uncharted and have not yet been witnessed in finance. We are all a little piece of collective history! + +Remember, apes, when in doubt, remember these things: + +1. The hedgefunds are BLATANTLY manipulating the system in their favor using various methods such as naked shorting, short laddering, bid/ask spread manipulation, etc. Why would they be performing all of this fuckery? Because we have them by the balls. All we have to do is continue to buy and hold until they destroy themselves from the inside out. + +2. A news article was released today stating that the Fed will no longer be providing "Emergency Relief" to big banks on Wal Street. Interesting timing, don't you think? A link to this article can be found here: [Federal Reserve to End Emergency Capital Relief for Big Banks - WSJ](https://www.wsj.com/articles/federal-reserve-to-end-emergency-capital-relief-for-big-banks-11616158811) + +3. We've determined Robinhood needs to be crucified, as all they've done is essentially take your money, data, and export it to a third party for insane amounts of cash, all while providing bogus shares to its' customers, and while causing the trading halt that prevented the squeeze in January. HOWEVER! Think of what this means. They fucked up big time. Not only did this action spark an investigation into their fuckery, but has also lead to two Hearings, with a third to follow. Not sure if anything will come of it, but the best part and silver lining is that ROBINHOOD IS NOW EXPOSED TO RETAIL TRADERS LIKE YOU AND I. They're the first domino in this corrupt witch-hunt to fall, and they won't be the last. Not only that, but now the squeeze will be even bigger than it could've been before, which will make for more tendies. :) + +4. There has been a DTCC rule change that will go into effect at some point. If someone has some information on this that is VERIFIABLE, please share, as there seems to be no clear cut answer for when and if this rule has been taken into effect. In a nutshell, the rule change is allowing the DTCC to have daily calls to determine short positions, and the second part would allow the DTCC to forcibly liquidate any short positions that they feel would be too risky or abusive in nature. THIS IS HUGE. If it comes to fruition? We'll have to wait and see. + +5. GME has an earnings report that is due next week. If they crush EPS, I strongly feel this could potentially be a catalyst going into next week. + +6. Bots and shills have been filling the comment sections trying to get us out of our positions. Why the fuck would they be doing this? Because again, they're desperate, and will do anything for your shares, because they know they'll be way more expensive as time progresses. Ignore these fucks. Block them, and move on with your day. If you read ANY NEGATIVE NEWS about GME or AMC via comments, always verify that they're at least not a bot/shill first. Let the hedgefunds waste their money there. + +7. DFV IS LIKELY STILL HOLDING. - even if he sells, we've seen the numbers, the data, the hearing, the documentary..this game hasn't Stopped. 🚀 + +8. Both of these companies are doing great things for their business, shareholders, and future outlook. We should all be excited, and come together during this time and find support through each other. If we hold tight and ride this wave together, we cannot falter. + + +We're living something spectacular right now, apes, and the progress we've made up to this point is simply astonishing given the forces that we're up against. + +I'm here to ride this thing until the end, and I hope you all are too. Let's keep each other in the loop, and find ways to collaboratively take back from these greedy shits what has belonged to us since they first took it back in 2008. + +To the hedgefunds? I hope you're scared. I hope you're nervous. I hope that you see the way of life you've so selfishly lived crumbling around you, as the average Joe takes back what is his, and with a burning vengeance. You can keep trying to cheat, steal, and manipulate your way to our shares, but the vast majority of our effort has become more resilient than you can tolerate. If you read this, just know that you're fucked, and nobody is going to come running to save your ass this time. + +To all my fellow apes? Hold strong, warriors. That is what you truly are. + + +\[rocketemoji\]\[rocketemoji\]\[rocketemoji\]\[rocketemoji\]\[rocketemoji\]\[rocketemoji\] + +EDIT: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🦍🦍🦍🦍🦍🍌🍌 + +Edit 2: Less retarded format +Edit 3: FUND-A-LINGUS +When people ask about what side key players like Gary Gensler are on. There is a simple answer: not yours. + +In 2008, it was not a matter of good guys and bad guys. It was bank vs bank with a few non-heroes who saw what was coming. It’s the same as now. Citadel, Blackrock, brokers, banks, it’s all a turf war. And the big bust is going to determine who screwed who (while all the while everyone screwing retail). + +GME is a simple, stupid way they let retail get a piece of their shitshow. The best part is most of its investors are OUTSIDERS. We do not have banking jobs or play the market. We have a value play with a no-lose scenario. + +Don’t look for heroes to emerge from the media, the banks, or the regulating bodies. To them, we do not belong and are an unwanted additional consideration of the game they have been playing for decades. +The price action we are seeing today is nice and it may be the beginning of the MOASS. It also may just be Kenny boy's way to mess with morale. We might see a run up for a few days but be prepared for anything; we could see a flash crash again or we could see the price jump exponentially higher. Don't be tempted to cash in early for fear of another crash. The DD is all there and it isn't a game of IF but rather a game of WHEN. + +SHORTS MUST COVER. +HEDGIES R FUCKD. +BUY AND HOLD. +OBLIGATORY EMOJIS. +🦧🍌🐒🖍🚀🌕💎✊ + +I belive in this company's fundamentals and business plan. I trust the people in charge of it to bring a deep value to their shareholders. This is not financial advice. + +Edit: I am too smooth brained, how do you do line breaks on reddit? +"Bitcoin also can be seized or stolen. During World War II, the German government relied on a code called Enigma that its mathematicians insisted was impossible to break. The British famously broke it, basically by figuring out the password. That’s also how the federal government apparently recovered part of a Bitcoin ransom payment worth several million dollars from hackers who took down the Colonial Pipeline and blackmailed its owners this year." + +https://www.nytimes.com/2021/09/14/opinion/bitcoin-el-salvador.html + +Bitcoin can't be seized if secured properly. + +Another crappy New York times editorial spreading lies and FUD about Bitcoin. Fiat statist media seem to be increasing the tone of FUD about Bitcoin to promote their agenda. +A lot of people are probably new or didn't frequent this sub much in the past but for our core group of regulars it's no secret that the quality of posts and comments has degraded significantly recently. Some of this is just normal growth, some of this is drama in WSB spilling over to this sub and increasing the amount of adolescents we have here, and a lot of it is very new posters coming here given recent economic events. + +So here's the chart of monthly uniques and pageviews https://imgur.com/qQPk60F + +The mod team is removing a ton of comments and threads but some of this just seeps through. A year or two ago this sub basically moderated itself, we'd remove a few advice posts a day, maybe ban a spammer, and maybe once a week give someone a timeout for conduct. We now ban dozens of people daily for personal attacks and political nonsense, so we're actively trying to remove this element from the sub but I figured everyone would be interested to see just how much volume has jumped recently. + +Anyway that's it, just wanted to share. +Wife (26) and I (26) recently married last year. Welcomed our newborn 6 months ago and moved to a cheaper state. We own our house (very cheap where we live now) but now both need new cars. + +She has a 2008 BMW X3 with 150k miles and I have a 2011 Jetta with 130k. Both are starting to go and are unreliable. She makes 120k/y and I make 105k/y. We both commute 1H+ each way to work - have combined 80k in debt (student loans mostly). + +Ideally, she wants to finance a brand new truck $32k, put $10k down and dealer offering 0% APR, does it make sense to put this much down with promo rate? For me, I am looking at the same or a used truck 1-2 years old ($25k-$35k) but getting quotes 3.5-5.5% on 64-72 months and thinking going néw with promo rate is best…..idk + +Has anyone had a situation where they got 2 cars from one dealer and negotiated lower out the door costs since they bought both? How did you negotiate? + +Update: Did not expect this to blow up but wow, thank you all for the varying perspectives & wisdom from lived experiences. We are now leaning toward only one SUV (reliable/good $ value make) and (reluctantly) considering fixing up my Jetta to last another year or so. My wife works in healthcare & is working a 10 hour today which leaves me on dad duty but I will get through to reading all your thoughtful comments tonight! Thank you again! +Hello all, 4 of my associates and I wanted to JV a 4 plex multi family. + +This would be our first RE purchase ever. + +However, the timing is bittersweet. + +We’re worried that if we buy something our tenants will stop paying and because of the moratorium we couldn’t evict. + +Is there anyway around the moratorium? + +Thank you! +After saving for a few years, I’m finally ready to purchase my first investment property. I have $100k for a down payment, and I’m not sure if I should save more and aim for a multifamily property or SFH. I’m 27 and single so nothing holding me back, but the costs of a multifamily in my city in a decent area is about 5-600k for 3-4 units. What would you do, hold off and save more or go SFH? +I'm starting this real estate investing journey with a good friend of mine. For context we are about 26-27 years old. The plan is to buy 5 single family homes to rent them out within 5 years. Since we'll be working together, we plan on starting a real estate company together before we begin investing so that we can take advantage of tax write-offs. + +How we plan on buying 5 properties in 5 years: + +If we both invest in a property (in Charlotte, NC) that's around 185k , and put 20k each (20% is 37k) . . that'd mean we need a mortgage loan of 145k. If we do a 30 year loan, the approximate monthly loan payment would be $686. If we can do a 30 year mortgage and try to get rent to be around $1300 , that would give us $614 total cashflow each month. + +Let's round these numbers for simplicity: 600\*12 = $7,200 cashflow for the year. We would need just $32,800 to buy a similar property after a year or $16,400 each. + +After two properties (if we have the same mortgage & rent for both - not sure how likely that is)  the cashflow generated would be $14,400 / year. + +Next similar property (example): + +$40,000 (total downpayment) -14,400 (cashflow) = 25,600 (needed cash for downpayment for 20% down) / 2 = $12,800 each for the 3rd house.By the 3rd house the cashflow would be $21,600 each year. + +etc. etc. etc. for houses 4 and 5. + +\-------- + +That's the plan we have so far, and we plan on buying our first house in Q1 or Q2 2020. Questions that come up are: + +How are we going to handle the income from the homes if we're doing this together? We don't plan on touching any of this money for personal use / living expenses in the short term (At least first 5 years). + +We know we'll need to keep at least 3 to 6 months mortgage in cash on hand in case we can't find renters / maintenance fund and all of that. + +Would you put the cashflow generated in a shared high yield online savings account like Ally bank? And then withdraw as needed? + +Here's a potentially wild thought I had (not sure how many people do this - or if it's recommended - would love to know your thoughts): + +We can deposit the money in a joined bank account that feeds into a Brokerage Account that invests in the index fund VTSAX: [https://investor.vanguard.com/mutual-funds/profile/performance/vtsax](https://investor.vanguard.com/mutual-funds/profile/performance/vtsax) + +That way we're investing the cashflow in stocks and getting higher returns for our money. If one year the market dips , we'll still throw the cashflow in the brokerage account and just won't buy a property using that cashflow money. + +The thinking behind this is that if we put all of our cashflow into the index fund and the market goes down (in a worst case scenario), eventually when the market recovers, we'll be way better positioned to buy an even better property. + +\-------- + +After 5 years , we'll have 5 properties generating cashflow. At that point, we can decide whether or not it would make sense to sell off 3-4 of the houses and use the money generated to buy multiple multi-family duplexes that generate even more cashflow. Or maybe instead of selling the 5 , we could take the cashflow that is being generated by the 5 houses after a couple of years to put a downpayment on a duplex (That would give us 6 properties). + +What would be incredible is if we are able to get to a point where we sell it all and buy an apartment building with 12 + units. At that point we can take the cashflow generated from that apartment building, split it in half, and use that money as residual income for each of us to use as we wish. + +Still trying to figure that part out. + +But yea, I'm curious of what your thoughts are about all of this. I'm also curious to know what you do with your cashflow and how your store it. + +What would you do if you were us? + +Thanks in advance for your input !! + +\-Ayoayo123 +Sequence Risk is the risk that when you start to withdraw from your portfolio, through not reinvesting dividends or selling assets (ie/ retirement), if the markets are down at this point it has very negative effects on the longevity of your assets. + +Dividend investors will tell you that they are "shielded" from some of this risk, as they don't have to sell in the down market and can rely on a high dividend yield to cover withdrawals and wait for the market to recover. + +[This article](https://earlyretirementnow.com/2019/02/13/yield-illusion-swr-series-part-29/) titled, "The Yield Illusion", argues that this might not be true, in the US. + +Using PortfolioVisualizer, starting in May 2007 to Dec 2018, starting each at $1 000 000, monthly withdrawls of $3333 (4%/a), adjusted for inflation, with all distributions reinvested. + +**Portfolio # 1:** 60/40 (2.1% yield) final balance: **$1 222 366 (1.75%)** + +- **60% IVV** ishares S&P 500 Index, **40% IEF** ishares Barclays 7-10 Year Treasury Bond Fund + +**Portfolio #2:** 60/40 (2.55%) final balance: **$914 801 (-0.77%)** + +- **30% VTI** US Total Stock Market Index, **30% VEU** All country ex-USA ETF, **40%** AGG US Aggregate Bond Index + +**Portfolio # 3:** 60/40 (3.69% yield) final balance **$871 634 (-1.18%)** + +- **15% VTI** US total stock market, **30% VEU** All country ex-USA ETF, **10% USRT** REIT, **5% VYM** High-Dividend Yield ETF, **10% AGG** US Aggregate Bond Index, **10% LQD** investment grade corporate bonds, **20% PFF** preferred shares + +The dividend shield did not do well with the sequence risk of retiring during the Great Recession, in this backtest. + +I decided I wanted to try this from a Canadian perspective. There are not a lot of ETFs that go back to May 2007, but I found a few, same rules as above. + +**Portfolio # 1:** 60/40 (lower yield) final balance **$866 244 (-1.28%)** + +- **30% XSP.TO** iShares Core SP 500 Index, **15% XIC.TO** iShares Core SPTSX Capped Composite Index, **15% XIN.TO** iShares MSCI EAFE Index, **40% XBB.TO** iShares Canadian Universe Bond Index + +**Portfolio # 2:** 60/40 (higher yield) final balance **$1 006 546 (0.06%)** + +- **12% XFN.TO** iShares SPTSX Capped Financials Index, **12% XRE.TO** iShares SPTSX Capped REIT Index, **12% XDV.TO** iShares Canadian Select Dividend Index, **12% CDZ.TO** iShares SPTSX Canadian Dividend Aristocrats Index, **12% XTR.TO** iShares Diversified Monthly Income, **20% XBB.TO** iShares Canadian Universe Bond Index, **10% XCB.TO** iShares Canadian Corporate Bond Index, **10% CPD.TO** ~~iShares Canadian Corporate Bond Index~~ edit: preferred shares + +**Portfolio # 3:** 100% Equity (lowest yield) final balance **$746 783 (-2.47%)** + +- **50% XSP.TO** iShares Core SP 500 Index, **25% XIC.TO** iShares Core SPTSX Capped Composite Index, **25% XIN.TO** iShares MSCI EAFE Index + +**Portfolio #4:** 100% equity (high yield) final balance **$1 006 748 (0.06)** + +- **20% XFN.TO** iShares SPTSX Capped Financials Index, **20% XRE.TO** iShares SPTSX Capped REIT Index, **20% XDV.TO** iShares Canadian Select Dividend Index, **20% CDZ.TO** iShares SPTSX Canadian Dividend Aristocrats Index, **20% XTR.TO** iShares Diversified Monthly Income + +**Conclusion:** + +- In the US context, a high yield strategy and retiring in May 2007 would have left you -1.18% in Dec. 2018, versus a S&P 500 index fund being up 1.75%, proving selling in retirement isn't always the wrong way to go. + +- In the Canadian context, a high yield strategy (with or without bonds), retiring in May 2007 would have left you even at 0.06% in Dec. 2018, versus an XBAL.TO type 60/40 investment at -1.28% or a XEQT type 100% equity investment at -2.47%, proving Canada doesn't follow the US lock step. +VEQT is around 30% Canadian equities +XEQT is around 23% Canadian equities + +I realize these are Canadian all in one ETFs but this weighting seems excessive for such a small country. Also VEQT is basically 70% North American when you factor in the US which seems like a lot. +Sequence Risk is the risk that when you start to withdraw from your portfolio, through not reinvesting dividends or selling assets (ie/ retirement), if the markets are down at this point it has very negative effects on the longevity of your assets. + +Dividend investors will tell you that they are "shielded" from some of this risk, as they don't have to sell in the down market and can rely on a high dividend yield to cover withdrawals and wait for the market to recover. + +[This article](https://earlyretirementnow.com/2019/02/13/yield-illusion-swr-series-part-29/) titled, "The Yield Illusion", argues that this might not be true, in the US. + +Using PortfolioVisualizer, starting in May 2007 to Dec 2018, starting each at $1 000 000, monthly withdrawls of $3333 (4%/a), adjusted for inflation, with all distributions reinvested. + +**Portfolio # 1:** 60/40 (2.1% yield) final balance: **$1 222 366 (1.75%)** + +- **60% IVV** ishares S&P 500 Index, **40% IEF** ishares Barclays 7-10 Year Treasury Bond Fund + +**Portfolio #2:** 60/40 (2.55%) final balance: **$914 801 (-0.77%)** + +- **30% VTI** US Total Stock Market Index, **30% VEU** All country ex-USA ETF, **40%** AGG US Aggregate Bond Index + +**Portfolio # 3:** 60/40 (3.69% yield) final balance **$871 634 (-1.18%)** + +- **15% VTI** US total stock market, **30% VEU** All country ex-USA ETF, **10% USRT** REIT, **5% VYM** High-Dividend Yield ETF, **10% AGG** US Aggregate Bond Index, **10% LQD** investment grade corporate bonds, **20% PFF** preferred shares + +The dividend shield did not do well with the sequence risk of retiring during the Great Recession, in this backtest. + +I decided I wanted to try this from a Canadian perspective. There are not a lot of ETFs that go back to May 2007, but I found a few, same rules as above. + +**Portfolio # 1:** 60/40 (lower yield) final balance **$866 244 (-1.28%)** + +- **30% XSP.TO** iShares Core SP 500 Index, **15% XIC.TO** iShares Core SPTSX Capped Composite Index, **15% XIN.TO** iShares MSCI EAFE Index, **40% XBB.TO** iShares Canadian Universe Bond Index + +**Portfolio # 2:** 60/40 (higher yield) final balance **$1 006 546 (0.06%)** + +- **12% XFN.TO** iShares SPTSX Capped Financials Index, **12% XRE.TO** iShares SPTSX Capped REIT Index, **12% XDV.TO** iShares Canadian Select Dividend Index, **12% CDZ.TO** iShares SPTSX Canadian Dividend Aristocrats Index, **12% XTR.TO** iShares Diversified Monthly Income, **20% XBB.TO** iShares Canadian Universe Bond Index, **10% XCB.TO** iShares Canadian Corporate Bond Index, **10% CPD.TO** ~~iShares Canadian Corporate Bond Index~~ edit: preferred shares + +**Portfolio # 3:** 100% Equity (lowest yield) final balance **$746 783 (-2.47%)** + +- **50% XSP.TO** iShares Core SP 500 Index, **25% XIC.TO** iShares Core SPTSX Capped Composite Index, **25% XIN.TO** iShares MSCI EAFE Index + +**Portfolio #4:** 100% equity (high yield) final balance **$1 006 748 (0.06)** + +- **20% XFN.TO** iShares SPTSX Capped Financials Index, **20% XRE.TO** iShares SPTSX Capped REIT Index, **20% XDV.TO** iShares Canadian Select Dividend Index, **20% CDZ.TO** iShares SPTSX Canadian Dividend Aristocrats Index, **20% XTR.TO** iShares Diversified Monthly Income + +**Conclusion:** + +- In the US context, a high yield strategy and retiring in May 2007 would have left you -1.18% in Dec. 2018, versus a S&P 500 index fund being up 1.75%, proving selling in retirement isn't always the wrong way to go. + +- In the Canadian context, a high yield strategy (with or without bonds), retiring in May 2007 would have left you even at 0.06% in Dec. 2018, versus an XBAL.TO type 60/40 investment at -1.28% or a XEQT type 100% equity investment at -2.47%, proving Canada doesn't follow the US lock step. +Late 20's, Ontario + +Hey everyone, I've been thinking about creating a new REIT position in my portfolio. I bought the RioCan dips over the course of the Summer and Fall. I plan to hold Rio permanently but I would like another REIT that has more residential exposure and room to grow long term (Distribution wise). + +I plan to do my own research, but here are a few on the TSX that I am considering: + +***CAR.UN (Canadian Apartment Properties REIT)*** + +***ERE.UN (European Residential REIT)*** + +***KMP.UN (Killam Apartment REIT)*** + +***MI.UN (Minto Apartment REIT)*** + +***BEI.UN (Boardwalk REIT)*** + +***CSH.UN (Chartwell Retirement Residences)*** + +***IIP.UN (Interrent REIT)*** + +&#x200B; + +I am really attracted to ERE.UN because they are still young and appear to be making a lot of acquisitions in various parts of Europe. They're mostly in the Netherlands which has similar rent controls to Ontario and ERE is reportedly taking advantage of their housing market which isn't comprised of larger/institutional landlords (per Bloomberg lol). CAPREIT also has a large stake in them. + +Interrent (IIP) also has a good growth record although their attempts to gentrify Parkdale and parts of Hamilton make me kind of conflicted lol. + +***If there's anyone learned or has a stake in this space that would like to chime in, please share your thoughts; including suggestions you may have that aren't included above.*** +Sequence Risk is the risk that when you start to withdraw from your portfolio, through not reinvesting dividends or selling assets (ie/ retirement), if the markets are down at this point it has very negative effects on the longevity of your assets. + +Dividend investors will tell you that they are "shielded" from some of this risk, as they don't have to sell in the down market and can rely on a high dividend yield to cover withdrawals and wait for the market to recover. + +[This article](https://earlyretirementnow.com/2019/02/13/yield-illusion-swr-series-part-29/) titled, "The Yield Illusion", argues that this might not be true, in the US. + +Using PortfolioVisualizer, starting in May 2007 to Dec 2018, starting each at $1 000 000, monthly withdrawls of $3333 (4%/a), adjusted for inflation, with all distributions reinvested. + +**Portfolio # 1:** 60/40 (2.1% yield) final balance: **$1 222 366 (1.75%)** + +- **60% IVV** ishares S&P 500 Index, **40% IEF** ishares Barclays 7-10 Year Treasury Bond Fund + +**Portfolio #2:** 60/40 (2.55%) final balance: **$914 801 (-0.77%)** + +- **30% VTI** US Total Stock Market Index, **30% VEU** All country ex-USA ETF, **40%** AGG US Aggregate Bond Index + +**Portfolio # 3:** 60/40 (3.69% yield) final balance **$871 634 (-1.18%)** + +- **15% VTI** US total stock market, **30% VEU** All country ex-USA ETF, **10% USRT** REIT, **5% VYM** High-Dividend Yield ETF, **10% AGG** US Aggregate Bond Index, **10% LQD** investment grade corporate bonds, **20% PFF** preferred shares + +The dividend shield did not do well with the sequence risk of retiring during the Great Recession, in this backtest. + +I decided I wanted to try this from a Canadian perspective. There are not a lot of ETFs that go back to May 2007, but I found a few, same rules as above. + +**Portfolio # 1:** 60/40 (lower yield) final balance **$866 244 (-1.28%)** + +- **30% XSP.TO** iShares Core SP 500 Index, **15% XIC.TO** iShares Core SPTSX Capped Composite Index, **15% XIN.TO** iShares MSCI EAFE Index, **40% XBB.TO** iShares Canadian Universe Bond Index + +**Portfolio # 2:** 60/40 (higher yield) final balance **$1 006 546 (0.06%)** + +- **12% XFN.TO** iShares SPTSX Capped Financials Index, **12% XRE.TO** iShares SPTSX Capped REIT Index, **12% XDV.TO** iShares Canadian Select Dividend Index, **12% CDZ.TO** iShares SPTSX Canadian Dividend Aristocrats Index, **12% XTR.TO** iShares Diversified Monthly Income, **20% XBB.TO** iShares Canadian Universe Bond Index, **10% XCB.TO** iShares Canadian Corporate Bond Index, **10% CPD.TO** ~~iShares Canadian Corporate Bond Index~~ edit: preferred shares + +**Portfolio # 3:** 100% Equity (lowest yield) final balance **$746 783 (-2.47%)** + +- **50% XSP.TO** iShares Core SP 500 Index, **25% XIC.TO** iShares Core SPTSX Capped Composite Index, **25% XIN.TO** iShares MSCI EAFE Index + +**Portfolio #4:** 100% equity (high yield) final balance **$1 006 748 (0.06)** + +- **20% XFN.TO** iShares SPTSX Capped Financials Index, **20% XRE.TO** iShares SPTSX Capped REIT Index, **20% XDV.TO** iShares Canadian Select Dividend Index, **20% CDZ.TO** iShares SPTSX Canadian Dividend Aristocrats Index, **20% XTR.TO** iShares Diversified Monthly Income + +**Conclusion:** + +- In the US context, a high yield strategy and retiring in May 2007 would have left you -1.18% in Dec. 2018, versus a S&P 500 index fund being up 1.75%, proving selling in retirement isn't always the wrong way to go. + +- In the Canadian context, a high yield strategy (with or without bonds), retiring in May 2007 would have left you even at 0.06% in Dec. 2018, versus an XBAL.TO type 60/40 investment at -1.28% or a XEQT type 100% equity investment at -2.47%, proving Canada doesn't follow the US lock step. +Reposting from r/personalfinance + +I’m 25 and looking to buy my first house. Just recently qualified as a staff nurse in Scotland and I contribute 7.1% of my monthly pay to my pension usually about £180-195 a month. I read that under 2 years qualified can opt out and get a refund. I’m wondering if it’s worth opting out of that and rejoining when I’ve managed to get my house. I’m just under half way to the minimum deposit amount. You can either opt back in manually or you will automatically be opted back in after 3 years. Any advice? +So here we are! We lost 20% of market value, and have gone from a Bull to a Bear market in just [Twenty Trading Days](https://markets.businessinsider.com/news/stocks/dow-index-bear-stock-market-20-days-fastest-history-coronavirus-2020-3-1028989775) to put this into perspective, the major stock market crash when normal people think of 'depression' that ignited "The Great Depression' took 34 trading days to happen. I am a banker myself, but on the classic deposit side of banking. But that hasnt stopped my clients from freaking out and asking for help. People just generally look lost coming into my branch. Keep your head up! Remember, be greedy when others are fearful, and fearful when others are greedy. +All the real estate agents are saying the longer we wait, the less we’ll sell for. I’m just wondering how quickly/steeply we’ll see the drop in prices, and whether we should just accept the highest offer this weekend (assuming we get offers). We’re in suburban Brisbane. +ETA: We do need to sell, and I’m aware real estate agents will say anything to make you sell. +Inflation makes everything more expensive so therefore your money is worth less. + +However the people more likely to have only money are poor people. Rich people are more likely to own assets like property. These all up in price when there's inflation. + +In addition, rich people are more likely to have more debt like larger mortgages etc. Inflation dilute this debt away. +My wife and I are looking forward forward to a 5-10 year timeline when we downsize a bit and look to live a lifestyle we have always wanted which is a semi retired ex Pat lifestyle. + +Our first preference is the USA as a place to buy real estate and pick a place to live 6 months of the year. I’ve looked into it casually for now but wanted some advice from anyone that can provide. + +Stuff like, was it a good experience? What are the financial implications? What is it like finance wise to purchase property in the US? And the big one, is it even worth it or is it not worth the hassle? +Probably a silly - and obvious - question but does this mean savings from before the inflation hike of the past year or so has now essentially decreased in value by the current rate of inflation (9%)? + +Fairly confused about all of this so would appreciate some common sense guidance really. + +I've got about £20,000 in savings and not sure what to do with it. What would you guys do? + +Would this now be worth - in real terms - closer to £18,00? +https://docs.house.gov/meetings/BA/BA00/20210218/111207/HHRG-117-BA00-Wstate-GillK-20210218.pdf + +There is no tl;dr, click on the fucking article. + +I adore this man. +Please do NOT fall for Hedge Fund tricks. If there is a sell order tomorrow for 200,000 it is NOT DFV. There was just a shill posting on here that his PREDICTION for tommorrow is that DFV sells all 200,000 shares. So be ready for this TRICK. DFV is the KING. He is not selling + +They are going to try EVERYTHING they can to shake us. Especially trying to take down our heroes. They would love to split us apart and break our confidence by making it look like DFV sold. We know that is a lie. So do not fall for it + +Edit #1 -- I did not link the shill post because I did not want to give it visibility but since some are saying I am a shill here is the link [https://www.reddit.com/r/Superstonk/comments/mts607/tomorrow\_prediction/](https://www.reddit.com/r/Superstonk/comments/mts607/tomorrow_prediction/) +Hello people. This is my first post here, so sorry for any formatting issues. I've seen quite a few success stories, where people manage to get out of complicated situations, so I am seeking your knowledge and help aswell. + +Long story shortened, i am 23M working shitty customer service job and making a little than £17k a year. I came here to UK 30 months ago and worked there ever since. Situation is slowly changing. I found love of my life, things are really serious, we moved out from shared housing and live in one bedroom flat. No car, no kids, no anything. + +I am coming to a point, that after all expenses I can roughly save £100/month. This is not much and I mean I've cut everything. Haven't touched my hobbies for 3 months, my only expenses are food, public transportation and tobacco. I am seeking for your help to get out of this. It's coming to that time, when I realise that I can do more and I need to do more in order to have a successful life. + +I am busting my ass at work 130%. Management refuses any kind of pay rise. There are no career opportunities as people above me work in a company work there in a same position for 10-15 years (wtf is wrong with them, i dunno). So you can imagine I am getting fed up with this and started looking for an entry level office job. My aim is to increase my income up to £22-25k a year and then build my way up. I don't have any kind of degree or diploma. Does all that sound reasonable plan or am I missing some important information? And what are my chances of making a career without that important paper called Univesity Diploma? Any other tips to get me moving out of this sinkhole? + +Thank you guys, I really apreciate your answers. [Misc] + +Edit: OMG guys. You really inspired me. This morning i was sure, that there is no escaping and I am bound with a company for a long time until opportunities show up (old people retiring) but now I see the light. Thank you very much for your time and effort helping a fellow who was lost. +(Throwaway) - Final year NHS degree student, have not done my final placement, so will have my graduation deffered by a few months, maybe done by Nov/Dec 2020 if lucky. 95% chance I will not be given an automatic pass. + +Alcoholic step-dad, wife and child beater, hate being at home and spend most of my time at uni. Live in halls as NHS placement student, and we all got sent home but given a rent refund. Zero chance of being given social housing or any uni special bursaries, have tried many times. + +Was hoping to have it all done by June 2020, graduate uni, start my job, never see parents again as now financially independant. + +Its all out the window, I have no idea when I will get to move out. I have about £2000 coming in from my rent refund and £2750 coming in from SFE. However will need to save all of this for rent/living next year when I go back to uni for finishing my course. + +I don't really know why I got given the short straw, but I don't really like living at home and just have to put up with it. I was expecting my freedom as well as income, but now its all delayed. I just feel tired of living like a student just getting by on basic foods and typical awful student halls or having to put up at home. Has anybody else been in this sort of financial situation, and did things get better? +Title pretty much sums it up. I graduated from a top-ten law school with very little debt due to scholarships and some early savings. In terms of outcomes, I ended up far better off than most people who enter the legal profession. But I hate what I do. By the way, if you're thinking about law school and are not completely, 100% climb-over-barbed-wire enthusiastic about this line of work, DON'T GO. Seriously - you will regret it. + +Anyway, I work in civil litigation and I despise it. I'm tired of the pathological personalities, their self-righteousness, their grandiosity, the overall meaninglessness of the work, document discovery, and the goddamn procedural minutiae that never seem to cease popping up. Did I mention that the hours are horrific too? + +The problem is of course the classic one - the money is good. I'm 29M, early in my FIRE journey, and while I've maxed out my 401(k) for two years running and have nearly six figures stashed in a Roth, I'm still trying to build up a larger emergency fund and begin taxable investing. I know that the general recommendation is to try and stick it out, but I'm not sure how much longer I can take this job from a psychological standpoint. Current SR is around 65% - I only began focusing on FIRE in the past year or so. + +Is it worth making the jump to a different career? I'm not sure how translatable my skills are. I would be open to doing corporate / transactional law, but those jobs may be difficult to get since my resume is so litigation focused. I also enjoy finance but I have no formal quantitative background, so those jobs may also be out. Or should I suck it up, push myself through for as long as possible, and take a sabbatical when I eventually burn out to evaluate my options at that time? Are there any (perhaps older, wiser) people here who faced similar choices and are willing to offer advice? +I.e. what's your monthly rent / mortgage payment as a proportion of your net monthly household income? Just trying to get a gauge for what's considered 'normal', heard of the 1/3rd of take home rule of thumb before but interested to hear what people are actually paying. Obviously this will vary massively by property type and area so please include roughly what part of the country you're in, what type of place you have i.e. 1-bed flat vs 4-bed detached. Also household size, how many earners etc would be interesting. I'm just curious about how people make decisions about how much to spend on housing, so if you've got your reasons for not spending much (e.g. want to build up savings) or spending a lot (want to overpay on mortgage, need a big house for family etc), be really interested to hear about that too. +There has been much discussion over the past couple weeks regarding how account numbers are assigned by Computershare. I recently made a post suggesting that [one way to investigate this](https://old.reddit.com/r/Superstonk/comments/q2yxsp/outsidethebox_thinking_to_figure_out_more_info_on/) would be to make multiple purchases of a different much less active security for which Computershare is also the transfer agent. By using another security that is not being inundated by purchase/transfer activity like GME, it would be very likely that we would be able to see if account numbers are being assigned sequentially or if there are gaps that provide evidence that confirm a checksum algorithm is being used for the last digit. + +Well, that post went nowhere. So I decided [fine, I'll do it myself](https://tenor.com/view/thanos-marvel-fine-ill-do-it-myself-gif-11912873). + +So here's what I did. On Thursday, 10/7, my wife and I purchased shares of a **NON-GME** security on Computershare. Shares were purchased under: 1) my name ; 2) spouse's name; 3) joint account. This should then generate three separate account numbers. Remember also that Computershare uses separate account numbers for each security. These purchases were queued and placed in rapid succession, with less than 30 seconds between each purchase. + +Yesterday, I received the three mailings with the account numbers. Below, I share the full, unredacted account numbers for these three purchases. What is redacted is my personal information and the information for which security was purchased. Remember, the account number is not a unique identifier in this situation, and actually given the low numbers in this situation, it is likely that each security managed by CS has accounts with these numbers. Thus I am comfortable sharing these specific numbers at this time to contribute to understanding this important piece of the puzzle. + +[Account 1](https://imgur.com/a/Lnv0myJ) + +[Account 2](https://imgur.com/a/9Ymgo2i) + +[Account 3](https://imgur.com/a/wcOKZpm) + + +**Conclusions:** + +I believe that a number of strong conclusions can be drawn just from these 3 data points: + +**1) Computershare does not assign a sequential 10 digit account number** + +If you work from the assumption that there are no check digits and that the account number is just a sequential 10 digit number, that would mean in this instance: + +a) only 204 accounts were registered for this security since they became the transfer agent + +b) then my first purchase occurred + +c) then in a span of <30 seconds, 7 more new accounts were created + +d) then my second purchase occurred + +e) then in a span of < 30 seconds 7 more new accounts were created + +f) then my third purchase occurred. +This is incredibly unlikely. + +**2) The six digit number that appears to the left of the Computershare header is some form of sequential transaction identifier** + +Note that increments by one on the subsequent two account statements. + +**3) A sequential nine-digit account number (zero-filled) is assigned and 10th digit is added as a check digit using the mod 11 algorithm likely with slight modificatiions** + +If a check digit is assumed to be present, not that the 9 digits to the left of the check digit increment sequentially. + +000000020 + +000000021 + +000000022 + +If you run the leftmost 9 digits of the 3 account numbers above through a [mod 11 check digit calculator](https://planetcalc.com/7744/), it correctly predicts **ALL 3** of the 10 digit account numbers. + +[Match 1](https://imgur.com/a/PcLY7EI) + +[Match 2](https://imgur.com/a/iVtAtJw) + +[Match 3](https://imgur.com/a/Kh7Kuu4) + +I know that there were some questions about how the check digit is assigned if the result applying the algorithm to the 9 digit account number is "10" or "11" . I myself had some questions about this, as I had run my own account number through a mod 11 algorithm and it didn't match. But that version of the algorithm said that a "10" result has an "X" check digit. Pretty clearly, Computershares is not using this check digit or we would have seen an example by now in the discussions of the check digit theory. I believe the current thought is that these values are truncated to "0" or "1" respectively. + +I know many of you don't want to hear that there are not 500,000+ GME accounts registered on Computershares and that the real number is likely 50,000+. Until last week, I had my doubts also, which you can see from my request questions in comments. So I decided to find out for myself. If this is not convincing to you, instead of shouting "FUD", you can perform this experiment for yourself. For me personally, I would rather work from a foundation based in fact and logic. These data are enough to convince me that the final digit in the account number is a check digit. + +I am going to be repeating this experiment also with ~ 10 more securities. That will yield an additional 30 account numbers and will erase beyond a shadow of a doubt one way or another regarding the check digit. + +I hope you find this post to be informative. + +**I am willing to provide whatever additional proof may be desired by mods upon request.** + +**** + +edit 1: 10/13/2021 8:30pm - I should add one kind ape hit me up in chat about 20 minutes after I had made these transactions (last Thursday) and wanted to participate. So if he/she is willing to share the account number (security redacted) we have a fourth data point as part of this analysis that I can share shortly. + +edit 2: 10/25/2021: follow-up post is [here](https://www.reddit.com/r/Superstonk/comments/qfn1sx/unequivocal_proof_of_the_mod_11_check_digit/) +We currently live in Perth, Australia on a combined income of $125k AUD. I have received an offer for a job in London for £85k. My wife will need to look for a job in London, we are hopeful that she will find a job but it might take a while. We have two kids (7 and 9). £85k seems to be equal to £4,820 per month after tax and other deductions. + +So what is life in London like for a family of 4 on £85k? The company's offices are near Liverpool Street station, if that's helpful to know. + +We currently have a good life and are comfortable, but would like to move to the UK if possible but only if it wouldn't result in a lower quality of life for us and the kids. +I started considering having a health insurance. I gave it a few gos, inspecting their policies, always stopped there. + +I'm 24, not much existing conditions (they don't even ask this at the beginning stage). I got a quote of £150 per month for no excess, and £1000 limit. So I pay £1800 for a year, and I can only spend £1000 - and I (hopefully) may don't even have to. + +Then I have to ask them every time, waiting long queues to cover my treatment, and they may not even pay it (searching for excuses). In comparison, if I just go to a private doctor, ask for an appointment, I just pay the bill, and that's it. + +Consider the following scenarios: + +\- in a year I have to have treatment for £500 - I paid £1800 for insurance. I'm £1300 negative. If I'd pay from pocket, it'd only cost £500, but I paid £1800.- in a year I have to have treatment for £3000 - I paid £1800 for insurance which covers £1000, and I have to pay £2000 extra. I'm £3800 negative. If I'd pay from pocket, it'd only cost £3000, but I paid £3800. + +Am I missing something, or this is a huge robbery? No matter how I look at it, I'm better off pay as you go without insurance in a financial stand point. +Just a reminder as the GME squeeze starts winding down and WSB begins to return to normal. + +For some reason the media has been presenting this like we are 'targeting' wall street on some sort of holier than thou crusade reversal of fortune thing. Guess what. We aren't. We would also be more than happy to take jobs at any fund you can name. We just like the stock. Our goals around here include buying blow and hookers. Maybe the occasional boat or private jet. Think the wolf of wall street, those are our aspirations. + +**If retail had shorted 220% of GME's float we would be squeezing them just as hard** + +Sure, its funny to take down some stuck up fund managers, but thats a side bonus. We make fun of Citron because Andrew Left got his wife stolen by a green energy billionaire, we make fun of Melvin cuz they tried to short a meme stock. + +We have shorted plenty of stocks. Nobody cares. Last year we all made a killing riding the markets down while the normies lost their jobs and lived off stimmy checks. We ride the trends in whichever direction they point. The markets are a zero sum game. Welcome to the club. + +But anyways, we owe you a thank you I suppose. Without you getting super jazzed for the 'revolution' we would have never had the capital to squeeze like we did. You may hate millionaires but you certainly made a ton of new ones this week. + +&#x200B; + +Edit: It's important to note that WE LIKE THE STOCK + +Edit 2: I'm having a lot of fun watching the upvote war between the r/all crowd and people who have been here longer than 2 weeks + + +1) Click the buy button if, and only if, you have established clear, realistic exit strategies both green and red. + + + +2) Stick to said strategies no matter what. Ignore all the tingles you feel when you see yourself riding a big rocket full of money between your legs on your way to the moon. It is NOT the moon. It is a bigass bag, you holder! + + + +3) Don't look back. Never second guess your exit. Stop telling yourself "OMG 😱 I would've made THIS much if I wasn't a paper-handed bitch!" +Such stupid statements are only possible because you now have information from the future which wasn't available at the time of your exit. You are a crayon eater, not a fortune teller. + + + + +4) Only gamble money you can 100% afford to lose. Don't be like my unemployed brother-in-law who "will only take $800 from the rent stash so he can triple it when it moons next week then withdraw just in time to pay rent. GG EZ" +He is back at his mom's, divorced, and still unable to withdraw from his -100% portfolio. + + + + +5) It's only money. No matter how heavy the bags, don't let them become anything more than that. Don't hurt yourself and don't hurt those around you. Be honest when answering "do I have a gambling problem?". Seek help if you or your loved ones think is needed. + + + + +6) Take full responsibility for your loss. This is your doing, not your relatives, not your friend's who got you into trading, yours and only yours--and maybe Elon's during 420, and RC's with BBBY, and Robinhood with the Great Halt, and every other corrupt motherfucker out there--, but, it is still mostly your fault. You cannot fix what you cannot control and scapegoating your problems away is a sure way to rot in your own shit. + + + + +7) Don't listen to anything I've said. My AllTime is sitting at -92% and I'm out of crayons. + + +Edit: wall of text +Listen, I’m not gonna lie, this post has enough tinfoil to bake a Shepard’s pie but if you want to entertain yourself this Saturday morning, jump on in, it’s the weekend... + +(TL:DR: is at the bottom but this one was tough to synopsize) + +I was reading a comment that mentioned the A.I. algorithm used by Citadel during the Thursday run up and this reopened a theory I’ve had for a while. Then Pulte tweeted and I became fixated again. + +Ok, so to begin. Ryan Cohen’s ability to convince an extraordinary amount of high level execs from Amazon, Chewy et al. to leave their high paying, lofty positions to join GameStop at a time when even the most strident apes were not fully aware of the ultimate plan for the company, followed by the extremely rapid development of a cutting edge technology with limitless applications and major implications for the future of commerce, human interaction, personal autonomy, privacy and much more, suggests that this plan must have been in place a considerable amount of time before RC purchased GME. + +I mean this kind of plan has to be fleshed out before employed, you don’t dive headfirst into something this important without empirically and non empirically working through the potential variables and unintended consequences. This is, for good or for bad, social engineering. If you’re doing this and you’re doing it for the right reasons you better make sure you figure out a plan and that takes time. + +Ok so, everything RC has done suggests that not only was the plan worked on far before the purchase but that a number of great minds must have been involved and this is a coordinated effort. + +My whole theory hinges on Pulte. I found it slightly odd that Pulte became an Ape so quickly after the BCG coincidence with RC but what I found really odd was the TWTR purchase on the Monday after his first big weekend on [r/superstonk](https://www.reddit.com/r/superstonk/). He had to know that we were going to be all over that, and there was a lot of confusion but he followed with a GME purchase and everyone kind of moved on, we just wanted to believe he was truly our side. The TWTR purchase became even more sensational as Elon followed with the bid to take it private. I filed the TWTR thing in the check back in later category and moved on. + +He later tweets, “Not only has the tide turned but we’ve reached escape velocity.” + +Sounds like someone who knows something we don’t know. It’s more than hopeful, it’s specific, and it’s certain, and there appears to be a wealth of knowledge supporting it. Knowledge we’re not privy to. + +Today he tweets, “Sheesh. The people who hate on GameStop, Bitcoin, and dgcoine take themselves way too seriously. + +DGE coin is an odd choice. Is he tweeting cryptic RC style messages. Is he pointing to Elon. Well, just the dgcoine reference isn’t enough but add to that the odd TWTR purchase after the Ape weekend followed by Elon’s twitter bid and we have a pattern forming. And if the TWTR purchase was a bread crumb to Elon then that alone proves Pulte was in on this from the beginning. Really think about it, we were all waiting on a GME purchase, he could have purchased and publicized GME first, he knew all of our eyes were upon him, but he chose TWTR and we shared it far and wide. That seems like a breadcrumb to me, he wanted us to see that. + +On August 13, 2021 Pulte tweeted, “I like dgcoine because I think Elon’s gonna do something w it” + +Some might scoff and say that the dgcoine reference today is just a continuation of his love for this ridiculous coin but that tweet in 2021 could prove my thesis just as well. He’s been a public Elon supporter since before the sneeze. In fact this tweet is right around the time RC hyper-charges his world changing strategy of re-creating a criminally over shorted dying brick and mortar retail company. The last place in the world anyone would expect a revolution. + +On January 26th 2021, shortly after market close, Musk tweets, "Gamestonk." The share price explodes. + +If Pulte is involved, and that of course remains an if, I then firmly believe, without a shred of direct evidence, that Elon is heavily involved as well (I understand the opinions on Elon are varied and they are hyperbolic. I believe there’s an obvious explanation for that but I’ll touch on that later if you will) + +As far as I’m concerned both fans and detractors generally have Elon so wrong it’s concerning. Elon is simple to grasp. Remove the money from the equation, or at least remove your desire for money, and look at the wealth simply as a tool to accomplish a goal. What is that goal? Agree with him or not, Elon has taken it upon himself to shepard humanity into a future fraught with mortal danger. That’s it, that is the only relevant take on Elon there is. Every decision he makes is with the paramount goal of furthering the advancement of the human species, from Tesla (sustainable energy) to SpaceX (mars colonization) to Neuralink (A.I. integration). The Twitter purchase is still developing but I believe it is materially related to GME, just don’t know exactly how yet. If you think he’s working 20 hour days to make money he’s too busy to enjoy you’re missing the forest for the trees. The money is a tool. + +Now let’s not sidetrack ourselves by arguing over the manner in which Elon's accomplishing or failing at his goal of keeping the flame of humanity alive. Elon’s audience is not in the building, he is speaking to the unborn. And like all men who aspire to be great, the contemporary masses are but a cacophony of misquided now people. The now people need more and they need it now. More what? More everything, more money, more cars, more homes, more luxury items, more tech, more, more, more. More is now, more is living in the present, living and dying by its little victories and defeats. The now people are far too overwhelmed by the demands of now to have the mental energy, let alone the unique intelligence, to even begin to imagine all the possible tomorrows. The now people live by faith and that’s a good thing, there is a wisdom built into the collective, the wisdom of 2 + 2 = 5. + +Elon’s audience will judge his actions somewhere in a far away tomorrow and the path to tomorrow is so fraught with chaos, it takes a truly unique mind to navigate its variables in order to set humanity on a course that most aligns with the likelihood of survival. If we live, Elon will likely have had a lot of input into that success and he will be judged accordingly. If we don’t, it won’t be because of one man. + +I’ve posted about this before but it’s germane to the conversation so I’ll touch on it again. At 22 years old I was wrongly convicted and sentenced to 10 years in NY State prison of which I did 8. The only point relevant to this discussion is that, after roughly 3.5 years inside, as I fully adjusted and moved to a Medium Security prison where I could breathe again was I able to drift away from the urgent needs of modern man and thus become less of a now person. The pressure of the now that we all face was slightly lifted. I did over 100 days in solitary where it was completely removed. I’m talking full on sensory deprivation. The neurons that deal with day to day threats could rest and the imagination became alive again. I began to see a much bigger picture. + +While in prison I re enrolled in College at my own cost, having the materials mailed to me and rearranging my schedule to work through the night as everyone slept.. I didn’t just ace every course I took, I perfected them and I began to truly recognize the quilt of patterns behind all things. The parts hidden between the sciences and the humanities. I read, I read a lot. I came to know Dostoevesky, Faulkner, Dickens, Kafka, Voltaire, Plath and many more. I developed a thirst for history and I studied it from many angles. The Wright brothers come to mind, I even wrote a screenplay after reading a particular biography. This is the greatest story never told. It’s called Impossible. + +We had tried, failed and given up on flight in the late 1800’s. Seriously, the greatest minds all agreed that man would never conquer flight, it simply wouldn’t happen and they moved on. Enter Orville and Wilbur Wright, two Dayton, Ohio brothers with a middling bike sales / repair shop (bikes were new technology at the time, the NFT’s of mobil autonomy) but yet an unwavering faith in their abilities. These were perhaps the two last people in the world to be nominated to do the impossible. But they’d figured out flight and they picked up a map to find that the Outer Banks, NC was America’s windiest region and, in an instant, they uprooted their entire lives to do what could not be done. They didn’t just have to conquer the air, that would be the easy part. They had capture the imagination of a world that had collectively given up on flight and calmly accepted its passing. Flying had a few ups and downs (pun intended) but breaking through that subconscious barrier was the impossible feat. Impossible. It’s what the great men always do. This is what RC is trying to do. + +No longer being a now person allowed me to traverse the mind, and the minds of the great authors and poets, to start getting some real tangible glimpses into a much larger and more grandiose picture. This can be terrifying at times but once you come across something that terrifies you, just walk directly into it and it suddenly becomes rote. + +The past is nothing if it is not a guide to the future. It’s what we do on an individual basis and it’s what we do as a species. The dead have left so many clues for us, and the near dead (Middle Ages to Present) have left a treasure trove. We’ve been passing information through time at an unbelievable clip. If you can piece the past together you begin to find a mirror to the future. + +Elon is not a now person but he’s on the polar opposite end of the spectrum than I was. Where I had almost no autonomy in prison, other than the infinite fathoms of the mind of course, Elon has limitless autonomy in the form of endless resources. Elon doesn’t get the pleasure to dream of tomorrow, he has the burden to. Elon wants to ensure that the flame of humanity is not put out, by meteors, by war or, in the case of GME and beyond, by Artificial Intelligence. + +Neuralink is a hot button concept but I see it from one angle and one angle only. Elon has accepted that we’ve passed the tipping point on A.I., he’s basically stated this in multiple interviews. A.I. is inevitable and it is highly, highly dangerous to the flame. The only way to ensure our survival is to create a kind of interdependence with Artificial Intelligence. The Matrix got it wrong but they were halfway to the solution. Where the matrix required the same interdependence in the form of the enslavement and intubation of the human race in order to utilize their biology as a powerful energy supply, Elon believes we must integrate A.I. and simultaneously make it dependent on our existing biology in some form or another. If it’s not dependent on us, it has no real use for us. Conversely neuralink will open neural pathways in the mind that will enhance our ability to interact with and, essentially, tame A.I. We’ll grow together. + +This brings me to my next point. + +I used to have the NY times delivered in prison, you can subscribe and they mail it right to your cell door every day. But it would always come at least a day late. I remember watching the news when the levees broke in New Orleans and coming back to my cell to find the Times headline from the day before proclaiming relief that the category 5 had passed with little damage and that a catastrophe had been avoided. It was like existing in two different timelines at once. While the Times is an in interesting paper, it is but one of many angles to approach a number of important subjects from. Do not rely on any one angle, this method will invariably fail you. But I digress. + +I came across a very interesting article in the Finance section. This was mid 2000’s I was in an intro to nuclear science class at the time and the Times article was referencing the great migration of physics majors to wall street. Of course, the article intimated, the world is run on computers and who better to write the algorithms of the future markets than the greatest pattern recognizers in university. The film Margin Call makes reference to this: + +*Peter Sullivan : My thesis was a study in the ways that friction ratios affect steering outcomes in aeronautical use under reduced gravity loads.* + +*Jared Cohen : So, you're a rocket scientist.* + +So, over a decade ago the rocket scientists wrote the algorithms that became the A.I. that we’re fighting now. It’s not Ken Griffin, he’s only at the mercy of the machines, the A.I.’s doing the work. Today we find an elite group of power consolidating individuals using artificial intelligence as the newest and shiniest tool to siphon off trillions, these are just more fucking now people. They want more now. They will continue to exploit A.I. until it turns on us because they don’t give a shit about tomorrow. + +That’s why I think this is the first war against the machines. Elon sees this as a battle ground. We have to take the future away from these maniacal now people and diversify our fucking human portfolio by transferring wealth to millions, creating digital autonomy with that wealth, revolutionizing the global financial system, and setting the stage for a more balanced approach to A.I. integration before it’s too late. Before the now people lose control of it. + +Now to my earlier point about the Elon hate. I believe the current A.I. has identified Elon as a threat and there’s a massive bot response across all social media to any mention of his name. There are plenty of real people who genuinely dislike Musk but it’s my contention that most of that hatred has been socially engineered by a massive misinformation campaign employed by the most sophisticated, self replicating software known to man. + +And so, as you can see by the particularly human manner in which I’ve written this post, it is ripe with speculation and imagination. That is our greatest defense against artificial intelligence, uniquely human imagination. We have the wisdom of eons in our DNA and we must now bring it all to the forefront to battle this true final boss. If the bots show up, they better have a specific and well thought out response to this post and I don’t think they’re advanced enough yet. + +Edit: Remember, you are the unanticipated, the uncontrollable variable in this fight. The apes are "irrational" to the A.I.. The Apes are 2 + 2 = 5 manifest. Buy, Hold, DRS is irrational. But it's only irrational on an individual basis, collectively, these individual investment decisions are pure genius at work. That's why authoritarianism will always fail, the individuals will break the chains of rational controlled behavior and collectively build a new world free from the constraints of 2+2=4. Weaponized autism and staying retarded longer than they can stay solvent are two of the most brilliant concepts that man can aspire to, no exaggeration. The metaverse will upload consciousness into the digital realm where the A.I. will be forced to deal with our particularly human level retardation. We are on the brink. + +I’m going to leave you with the quote from Dostoevsky that inspired me to write this post. It’s from Notes from Underground (it's a long one but it's important): + +Yes, but here I come to a stop! Gentlemen, you must excuse me for being over-philosophical; it’s the result of forty years underground! Allow me to indulge my fancy. You see, gentlemen, reason is an excellent thing, there’s no disputing that, but reason is nothing but reason and satisfies only the rational side of man’s nature, while will is a manifestation of the whole life, that is, of the whole human life including reason and all the impulses. And although our life, in this manifestation of it, is often worthless, yet it is life and not simply extracting square roots. Here I, for instance, quite naturally want to live, in order to satisfy all my capacities for life, and not simply my capacity for reasoning, that is, not simply one twentieth of my capacity for life. What does reason know? Reason only knows what it has succeeded in learning (some things, perhaps, it will never learn; this is a poor comfort, but why not say so frankly?) and human nature acts as a whole, with everything that is in it, consciously or unconsciously, and, even if it goes wrong, it lives. I suspect, gentlemen, that you are looking at me with compassion; you tell me again that an enlightened and developed man, such, in short, as the future man will be, cannot consciously desire anything disadvantageous to himself, that that can be proved mathematically. I thoroughly agree, it can—by mathematics. But I repeat for the hundredth time, there is one case, one only, when man may consciously, purposely, desire what is injurious to himself, what is stupid, very stupid—simply in order to have the right to desire for himself even what is very stupid and not to be bound by an obligation to desire only what is sensible. Of course, this very stupid thing, this caprice of ours, may be in reality, gentlemen, more advantageous for us than anything else on earth, especially in certain cases. And in particular it may be more advantageous than any advantage even when it does us obvious harm, and contradicts the soundest conclusions of our reason concerning our advantage—for in any circumstances it preserves for us what is most precious and most important—that is, our personality, our individuality. Some, you see, maintain that this really is the most precious thing for mankind; choice can, of course, if it chooses, be in agreement with reason; and especially if this be not abused but kept within bounds. It is profitable and sometimes even praiseworthy. But very often, and even most often, choice is utterly and stubbornly opposed to reason ... and ... and ... do you know that that, too, is profitable, sometimes even praiseworthy? Gentlemen, let us suppose that man is not stupid. (Indeed one cannot refuse to suppose that, if only from the one consideration, that, if man is stupid, then who is wise?) But if he is not stupid, he is monstrously ungrateful! Phenomenally ungrateful. In fact, I believe that the best definition of man is the ungrateful biped. But that is not all, that is not his worst defect; his worst defect is his perpetual moral obliquity, perpetual—from the days of the Flood to the Schleswig-Holstein period. Moral obliquity and consequently lack of good sense; for it has long been accepted that lack of good sense is due to no other cause than moral obliquity. Put it to the test and cast your eyes upon the history of mankind. What will you see? Is it a grand spectacle? Grand, if you like. Take the Colossus of Rhodes, for instance, that’s worth something. With good reason Mr. Anaevsky testifies of it that some say that it is the work of man’s hands, while others maintain that it has been created by nature herself. Is it many-coloured? May be it is many-coloured, too: if one takes the dress uniforms, military and civilian, of all peoples in all ages—that alone is worth something, and if you take the undress uniforms you will never get to the end of it; no historian would be equal to the job. Is it monotonous? May be it’s monotonous too: it’s fighting and fighting; they are fighting now, they fought first and they fought last—you will admit, that it is almost too monotonous. In short, one may say anything about the history of the world—anything that might enter the most disordered imagination. The only thing one can’t say is that it’s rational. The very word sticks in one’s throat. And, indeed, this is the odd thing that is continually happening: there are continually turning up in life moral and rational persons, sages and lovers of humanity who make it their object to live all their lives as morally and rationally as possible, to be, so to speak, a light to their neighbours simply in order to show them that it is possible to live morally and rationally in this world. And yet we all know that those very people sooner or later have been false to themselves, playing some queer trick, often a most unseemly one. Now I ask you: what can be expected of man since he is a being endowed with strange qualities? Shower upon him every earthly blessing, drown him in a sea of happiness, so that nothing but bubbles of bliss can be seen on the surface; give him economic prosperity, such that he should have nothing else to do but sleep, eat cakes and busy himself with the continuation of his species, and even then out of sheer ingratitude, sheer spite, man would play you some nasty trick. He would even risk his cakes and would deliberately desire the most fatal rubbish, the most uneconomical absurdity, simply to introduce into all this positive good sense his fatal fantastic element. It is just his fantastic dreams, his vulgar folly that he will desire to retain, simply in order to prove to himself—as though that were so necessary—that men still are men and not the keys of a piano, which the laws of nature threaten to control so completely that soon one will be able to desire nothing but by the calendar. And that is not all: even if man really were nothing but a piano-key, even if this were proved to him by natural science and mathematics, even then he would not become reasonable, but would purposely do something perverse out of simple ingratitude, simply to gain his point. And if he does not find means he will contrive destruction and chaos, will contrive sufferings of all sorts, only to gain his point! He will launch a curse upon the world, and as only man can curse (it is his privilege, the primary distinction between him and other animals), may be by his curse alone he will attain his object—that is, convince himself that he is a man and not a piano-key! If you say that all this, too, can be calculated and tabulated—chaos and darkness and curses, so that the mere possibility of calculating it all beforehand would stop it all, and reason would reassert itself, then man would purposely go mad in order to be rid of reason and gain his point! I believe in it, I answer for it, for the whole work of man really seems to consist in nothing but proving to himself every minute that he is a man and not a piano-key! It may be at the cost of his skin, it may be by cannibalism! And this being so, can one help being tempted to rejoice that it has not yet come off, and that desire still depends on something we don’t know? + +You will scream at me (that is, if you condescend to do so) that no one is touching my free will, that all they are concerned with is that my will should of itself, of its own free will, coincide with my own normal interests, with the laws of nature and arithmetic. + +Gentlemen, I am joking, and I know myself that my jokes are not brilliant, but you know one can take everything as a joke. I am, perhaps, jesting against the grain. Gentlemen, I am tormented by questions; answer them for me. You, for instance, want to cure men of their old habits and reform their will in accordance with science and good sense. But how do you know, not only that it is possible, but also that it is *desirable* to reform man in that way? And what leads you to the conclusion that man’s inclinations *need* reforming? In short, how do you know that such a reformation will be a benefit to man? And to go to the root of the matter, why are you so positively convinced that not to act against his real normal interests guaranteed by the conclusions of reason and arithmetic is certainly always advantageous for man and must always be a law for mankind? So far, you know, this is only your supposition. It may be the law of logic, but not the law of humanity. You think, gentlemen, perhaps that I am mad? Allow me to defend myself. I agree that man is pre-eminently a creative animal, predestined to strive consciously for an object and to engage in engineering—that is, incessantly and eternally to make new roads, *wherever they may lead*. But the reason why he wants sometimes to go off at a tangent may just be that he is *predestined* to make the road, and perhaps, too, that however stupid the “direct” practical man may be, the thought sometimes will occur to him that the road almost always does lead *somewhere*, and that the destination it leads to is less important than the process of making it, and that the chief thing is to save the well-conducted child from despising engineering, and so giving way to the fatal idleness, which, as we all know, is the mother of all the vices. Man likes to make roads and to create, that is a fact beyond dispute. But why has he such a passionate love for destruction and chaos also? Tell me that! But on that point I want to say a couple of words myself. May it not be that he loves chaos and destruction (there can be no disputing that he does sometimes love it) because he is instinctively afraid of attaining his object and completing the edifice he is constructing? Who knows, perhaps he only loves that edifice from a distance, and is by no means in love with it at close quarters; perhaps he only loves building it and does not want to live in it, but will leave it, when completed, for the use of *les animaux domestiques*—such as the ants, the sheep, and so on. Now the ants have quite a different taste. They have a marvellous edifice of that pattern which endures for ever—the ant-heap. + +With the ant-heap the respectable race of ants began and with the ant-heap they will probably end, which does the greatest credit to their perseverance and good sense. But man is a frivolous and incongruous creature, and perhaps, like a chess player, loves the process of the game, not the end of it. And who knows (there is no saying with certainty), perhaps the only goal on earth to which mankind is striving lies in this incessant process of attaining, in other words, in life itself, and not in the thing to be attained, which must always be expressed as a formula, as positive as twice two makes four, and such positiveness is not life, gentlemen, but is the beginning of death. Anyway, man has always been afraid of this mathematical certainty, and I am afraid of it now. Granted that man does nothing but seek that mathematical certainty, he traverses oceans, sacrifices his life in the quest, but to succeed, really to find it, dreads, I assure you. He feels that when he has found it there will be nothing for him to look for. When workmen have finished their work they do at least receive their pay, they go to the tavern, then they are taken to the police-station—and there is occupation for a week. But where can man go? Anyway, one can observe a certain awkwardness about him when he has attained such objects. He loves the process of attaining, but does not quite like to have attained, and that, of course, is very absurd. In fact, man is a comical creature; there seems to be a kind of jest in it all. But yet mathematical certainty is after all, something insufferable. Twice two makes four seems to me simply a piece of insolence. Twice two makes four is a pert coxcomb who stands with arms akimbo barring your path and spitting. I admit that twice two makes four is an excellent thing, but if we are to give everything its due, twice two makes five is sometimes a very charming thing too. + +Good heavens, gentlemen, what sort of free will is left when we come to tabulation and arithmetic, when it will all be a case of twice two make four? Twice two makes four without my will. As if free will meant that! + +TL:DR: We're fighting robots to keep the flame of humanity alive right here right now. A.I. is upon us and it's already stolen our free markets. A group of brilliant minds have formed with the intent on taking it, and our future, back. GME is the battleground and we are the soldiers. This is the real thing Maverick. +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%? +I’ve sold an iron condor on spy and my call 396 got assigned. +If ibkr would have taken the difference I would have lost like 20$ of gains. Instead it automatically shorted 100 spy. Which is a much greater risk. + +Is there a way to avoid that in the future ? Or should I just close the position before expiration? + +Cheers! +Context, the common advice from what I gathered is that more stable securities tend to be better for 'wheel' strategies. This partially contradicts what I thought the 'wheel' strategy supposedly targets which is high IV within reason. What I've been doing for the past year or so have been targeting 50%-70% IV that I think are misplaced and writing CSPs/CCs on them, the success rate I've had doing this is approximately 70% (which matches up with the 30 delta targets). Have I been doing the whole strategy incorrectly and have been taking on unnecessary risk? + +Thanks for your inputs. +Hi friends. So last Tuesday the 4th, I opened a put credit spread on SPX. It's my first spread and boy was it a fun learning experience... + +SPX 4700p exp 1/7 -1 +SPX 4660p exp 1/7 +1 + +Spx was just over 4800 when I opened the spread, .15 deltas roughly. I was trying to be conservative. And thought it would take a large even to get spx to move $100 in just 3 days... + +Then the fed minutes came out and this trade went to hell. Friday the 7th rolled around and and I was underwater quiet a bit, but midday I saw I could roll for +$300 credit to Monday. Seemed like maybe the minutes would die down over the weekend and Monday would be ok. + +Then Monday happened. Whatever that was... I could have rolled at a cost of $700 early in the morning, but with Jpow talking tomorrow and more crap CPI numbers on Wednesday, seemed like I could be just donating it. By the end of day it was 1500 to roll. Any further out was more expensive and down was really more expensive. I wouldn't have made this trade now, so instead of roll, I took a $2700 loss and let them expire. + +Question is, what would you have done differently. Here to learn, so don't hold back. +Whether you're selling puts or covered calls. Today's rally should help you understand that whether you're a bull or a bear, that ultimately, you're still on team thetagang, and one edge that the gang has over everyone else is time decay. + +The last few days action is merely a mean reversal and based upon statistics of probability. Is overall sentiment changed? No, but it will still revert back to the mean. That's all, you should be happy that time decay is working for you. + +Anybody that's fearmongering in either direction is either over leveraged, too bullish/bearish, or playing too short a duration. Please be wary of what you read as Thetagang new members are coming from WSB and the like and they still have the mindset of those subs. +Let's say you have sold a weekly put on Monday and by Friday afternoon it's earned 70% of the potential profit with only 2.5 hours to close. At close, you'll get the remaining 30%. + +(Edit: I made 10 cents per share on the sale. It's trading at 3 cents now.) + +Do you ever buy back a weekly right before the Friday close and immediately sell a put for next Friday in order to take advantage of the extra days till close? Does the profit from those extra days make up for part of the profit you lose on the first sale? +Qqq options expire every 2 days out, right. So, the questions is, where can you very safely sell options every 2 days and have a near 100% chance of never getting assigned and make a few bucks. +I just wanted to thank some of the people of this subreddit. + +I'm currently 21 and live at home with parents and earn roughly £1400 after tax. + +I lost a big portion of my money gambling with my parents being unaware and they questioned how much money was in my account to which I lied and gave them a set figure. + +They didn't believe me and I was desperate for money to be in my account so I stumbled upon this subreddit and asked about same day loans and if I was eligible for one since i've never taken credit before or been in debt so I don't know how that works. + +The subreddit convinced me not to go down that path so I came clean with my parents and told them about my gambling problem. +Things are going to be tough now that I lost the trust of people close to me and my parents have taken my debit card and will monitor my outgoings from now. + +So, live and learn and time to move on. +Everyone is getting so aggressive, especially in this sub. I personally have a long term outlook, buy companies I like, increase my cash position when I expect a crash, and buy on the dips. Not all of us care for trying to make profit during the crashes and even if we think the market is going to tank, don't want to go short on the market. It's our decision, just as it's your decision to go short when you expect a crash, and vice versa. There are thousands of ways to invest so just focus on your own and don't shout at people on the internet who do it differently. Thanks. +Since DFV went silent for some time i thought about checking out Ryan Cohens tweets from the last months. That wasn't forming any wrinkles besides having some good laughs. + +But! remember there was a tweet today that margin calls would happen today. I know that has nothing to say, we don't know if it's true and by now we know a margin call doesn't mean anything. +If you look at Ryan Cohens tweet from last week (thursday) - it was the one with "Dios Mío Han matado ha Kenny" - maybe Kenny really went down. +If i remember it correctly, after a margin call you've got 2-5 days to adress that margin call and today it's 5 business days since last thursday. + +So could it be, that Kenny couldn't meet the margin requirements? Would make sense to me why they tried to bring GME down a lot these last days. + +Don't want to hype this, just thoughts going through my mind and as a comment this would get lost in the daily thread. Would love to hear some of your thoughts on this. +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! +I was once an active poster on GME and then on superstonk, then I hit zen mode and stopped posting. + +Here I am posting again for the first time in maybe 6 months and all I have to say is.... + +Look at Ryan Cohen's tweets... + +BCG is important and we should ignore any distractions. + +Ryan and the GameStop board have everything under control in terms of the stocks value so we don't need to worry about that. + +I'm a simple crayon eating smooth brained ape but I just have an almerciful feeling that BCG is the most important thing for this sub to be focused on right now. + +Ryan is practically screaming at the apes to not get distracted by the price. + +Edit: Ryan wants us to find something that we have not found yet, he ignored the price plummeting but continues to mention BCG, all while knowing superstonk will dig into his tweets. +I've been trading options for a little while (both buying and selling), and I was trying to understand what is the best way to evaluate implied volatility of a given stock. I know that IV rank is generally used for this, giving you a good idea of where the IV is in relation to the IV range. I think this does not give you the complete picture though - it doesn't reflect the relation between IV and the historical volatility. + +Anyway, I've been using this homegrown indicator I wrote in Thinkscript to show you the IV/HV ratio in three time frames with moderate success. Low IV/HV ratio (below 1) might indicate that the options are cheap, because the market thinks the underlying will move less than it did in the past. High ratios (above 1) might indicate that the options are expensive, more expensive than the past price movements suggest. + +Here's how it shows in Thinkorswim chart: + +&#x200B; + +[IV to HV ratios for TSLA \(last 12 months\) in three time frames \(20 days, 60 days and 252 days\)](https://preview.redd.it/ge4ourwbr1j61.png?width=1559&format=png&auto=webp&s=0483a978ead5ee51e7fac44595488ad60f16492b) + +And here's the source code, hope you find it useful: + +[https://github.com/regnull/thinkscript/blob/main/scripts/IV\_to\_HV\_3L.ts](https://github.com/regnull/thinkscript/blob/main/scripts/IV_to_HV_3L.ts) +It comes up occasionally that people wonder how to find their passion and it comes up often that people wonder what they'll do after FI/ER. + +This morning there's what I think is a helpful thread at /r/askreddit called ["What's the gateway drug for your hobby?"](https://www.reddit.com/r/AskReddit/comments/5f3cx8/whats_the_gateway_drug_for_your_hobby/) where people detail just that. Some of them have been able to parlay their hobbies into significant income-boosters. Many have increased their quality of life. And fair warning: some give juvenile answers. + +A couple of comments I like: + +/u/Fizjig [pays the bills making higher-quality belts and wallets than the ones in stores](https://www.reddit.com/r/AskReddit/comments/5f3cx8/whats_the_gateway_drug_for_your_hobby/dahc3h7/). + +/u/mus_maximus talks about [how to start writing fiction](https://www.reddit.com/r/AskReddit/comments/5f3cx8/whats_the_gateway_drug_for_your_hobby/dahb9vz/). + +I sat here and read a good bit of the thread over morning coffee and learned several things. Check it out; it's a thought-provoking read. Many many many of these people started out small but are now…well…passionate. +I know this topic has been used and abused recently, but I just found out they will try to screw you if you aren't onto it. + +- If your company takes money out of your pay to go towards your student loans, this isn't actually paid towards your debts until after you lodge your tax return (after July 1st). +- Indexation occurs on the 1st of June and this year will be 3.9%! +If you think your company is paying off your student loan each pay cheque, they most likely aren't, and double check your loan amount on the ATO website. + +I had the exact amount of money put aside by my company as I have remaining on my loan, only to find out I'll get slapped with a $500 indexation fee because the money doesn't go through before it indexes. + +The only way around it is to make a voluntary payment now, and come tax return, get all that money back again.. + +It definitely would have gotten me if I didn't ask the question, and I hope you guys can avoid the same trap as well. + +Edit: This is only if you are paying your loan off entirely. I'm not sure if the same works for partial payment. +Hi All, + +[I posted a couple of weeks](https://www.reddit.com/r/AusFinance/comments/kwan47/australian_housing_culture_is_incompatible_with/) ago getting some feedback on [my article](https://rileyflanigan.substack.com/p/australian-housing-culture-is-incompatible) about the impact of Australian housing culture in how interacts with the property market and responds to the realities of rapid urbanisation. + +I've since posted a followup to that article this one about how to tackle housing affordability. It's called [How to solve housing (un)affordability - Part 1 - Legalise "The Missing Middle"](https://rileyflanigan.substack.com/p/how-to-solve-housing-unaffordability) + +I bit off way more than I can chew trying to tackle this topic, so this article is part one of what will be a three-part series of proposals. + +This article (Part 1) talks about the need for a lot more housing that is that is both affordable and improves how cities function, while also offering a lifestyle that is actually attractive to Australians. + +In real terms, this means we want less money pouring into renovating and extending existing housing and more redevelopment and renewal, building more of what is known as ["The Missing Middle"](https://missingmiddlehousing.com/). + +This "middle" is indeed missing from our inner cities because of layer upon layer of regressive policies and overpowered NIMBYism - effectively making it illegal to build where it's most-needed. + +Full disclosure, I am an urban planner - so the my proposals are unqualified, misinformed and biased in all the ways someone like me would be. I have no doubt that these ideas would have unintended consequences that may not be worth the gains I'm shooting for, so if you are more informed than I am about how these things work, please educate me in the comments (preferably *without* calling me a communist). + +Let me know what you think! +My parent’s garage roof has been damaged by the huge amounts of rain we’ve had in Sydney earlier this year. + +There’s black mold forming on the garage ceiling as a result of improper installation of the gutters, which have overflowed with rain water and leaked into the roof. + +An assessor inspected the damage recently after many months of waiting and my parents have been told their insurance will not cover cost of repairs as the cause was due to a lack of maintenance / building fault (rather than sudden, unforeseen damage). + +We have received a quote for repairs and it’ll cost roughly $7k to get the roof restored. Are there any options we have in terms of financial support to help with this cost? + +My parents are on the pension and were able to claim $1,000 from Centrelink as part of a flood disaster relief payment so far. + +Any advice would be appreciated! +Would it be cheaper considering that I only pay $400 a month for my one-room apartment? First off, I love cleanliness. Wiping down with wet cloths frequently would allow me to only take a shower once every 2 days or so, but I would still need to take a real shower at a truck-stop. + +Then there is the problem of using the bathroom. But I mostly do doordash and ubereats so I'm constantly at a store or a restaurant with a bathroom. But once in a while there will be times when I have to go at 4 a.m. and I'm not sure how to handle that, how to safely and legally dispose of it. + +There's lots of free parking and people would just see "a van" on a street with plenty of vehicles so that should avoid police harassment. + +As for food, I could have a huge meal at a buffet every two days and have a a few cans of vegetables or something in between. + +But you know, it does often cost money to be poor. And I'm wondering if this is one such instance where it would cost more money. I already don't own a washer or dryer, so I'm already having to put quarters into a machine, so that doesn't figure into it. + +As for water I'm thinking of maybe getting a water filter and getting it from the lake. But I'm not sure of the legality of that. +Is anyone else buying China tech lately and especially today? + +I think the market is greatly over-discounting the risk on names like BABA, JD, TCEHY and others. And today it seemed to turn from concern to sheer panic. I felt pretty good taking the other side on this. + +Take BABA and AMZN which are pretty comparable companies. But BABA is trading at 22 PE while AMZN is at 70. If you consider the underlying businesses fairly comparable, then the market is pricing in a risk discount of 60-70% in that case!! + +It's fine and necessary to discount China stocks for their many fraud / regulatory / govt / VIE structure risks. But the chance that a given Chinese company goes to $0 due to this is much less than 60-70%, especially the mega cap tech companies that are tightly ingrained with the govt and too big and visible in China to be actual frauds. + +With this current selloff the prices are hitting a point where I'm a buyer. I bought today and targeting up to 10% of my holdings toward the China tech sector. Namely BABA, TCEHY, JD, FUTU, HUYA. +A few years ago, my dad lent me about 5K to move to a larger city to pursue a career opportunity after I had graduated college. It all worked out and he never mentioned it, until now that I recently got a raise and he brought it up, saying he wants to talk about me paying him back. + +I have no issues with this and believe it is the right to do, but I’m wondering if it makes sense to take the money out of my emergency fund (15K) and pay him back all at once, or if I should take him up on a payment plan that he expressed interest in doing. He’s not charging me any interest or anything, and the only reason I’m considering paying it off at once is so that I can focus on my student loans while settling that debt. What do you all think? + +UPDATE: + +He offered the payment plan, but I insisted on paying him back all in one sum. He absolutely refused any interest, and said that seeing me where I am today was more than enough. I took him out around town instead - we went sightseeing, and hit a fancy steakhouse. + +Thanks to everyone for your advice! feels great to settle that debt +I don’t know much of the details (probably could answer my own question if I did), but i have heard a lot about Robinhood failing as a platform, and that “when a product is free, you are the product”, etc. Wealthsimple is another example of a commission free brokerage app, so what is the difference? Thank you +Ahoy hoy, + +I’m trying to understand why Mr. Powell’s comments are causing the market reaction that they are and the reasoning behind the selloff in bonds and stocks. + +Also, how is the bond selloff having a knock on effect on and causing stocks to selloff? + +I understand that the bond yields are almost at the same level as s&p dividend yields - so people should be going into bonds because for no risk, you’re getting the same yield as on stocks. That may explain the stock sell off? But why the bond selloff? + +Any help would be appreciated (caveat: I probably will have lots of follow up questions). +This is simply curiosity really, does anyone else feels that the rapid increase in minimum is hurting the economy. Due to a raise in the prices of goods because producers have to pay workers more. Raising minimum wage can also limit jobs. In companies small or large really, i.e. where .15 cents(arbitrary number) raises for 45 employees means x number who could have been hired but were not because the employer is spending more on each minimum wage earner. +Is it factors other than the fed rate? Greed? Inflation and overall higher costs of things and lenders needing to make more money to offset higher administrative costs (like higher wages)? + +Overall I can see the concept of raising the interest rate to lower demand and thus lower inflation. But seems like a double whammie in the context of mortgage interest rates, where cost of living is up, cost of homes is high, and you're paying more for the mortgage. +During the Viking Age, **Norway** was the poorest of the three Scandinavian countries (*Denmark* and *Sweden*). Because of its geography and climatic conditions, Norway's economy was primarily dependent on agriculture, timber, and fishing before the industrial revolution. Norwegians often lived in minor scarcity, and many agricultural families were driven to poverty as farm laborers, which fuelled emigration to North America. + +Surprisingly, Norway currently ranks *third* in GDP per capita, has a well-integrated welfare system, and maintains a *trillion-dollar* pension fund. + +Learn more by reading this👇 + +[An economic case study on Norway](https://gapup.substack.com/p/norway-its-so-rich) +Edit: to other frustrated apes, please see this post: + https://www.reddit.com/r/Superstonk/comments/nbg82f/dont_panic_about_ny_fed_loans/?utm_medium=android_app&utm_source=share + +Thanks u/Kushaevtm for posting it in the comments. It was hidden among a sea of posts like mine. + +Original post (latest info is above): +So, we certainly do not have all the facts right now. As much as this text is an emotional reaction on my side, I implore us all to have reason and just buy, HODL and vote. + +But. what. THE. FUCK. + +The fact there is even a chance that the FED (not to be confused with the government) loaned half a trillion dollars to invalidate the results of a liquidity test intended to ensure the markets are operating correctly- is possibly the last straw for me. + +(Probably doesn't help I just finished watching "The Big Short" an hour earlier). + +Honestly, they keep this shit up I may never sell any of my GME just out of spite. I'll take my tendies after people are in prison. + +Which, after 2008 it is clear such justice is too much to ask for. So, other than GME and keeping some shares for the memories- I'll be a lifelong, U.S. averse investor when this is all done. + +(Unless that trust is won back, but doubt it). + +TLDR: frustrated ape. Still HODLing to eternity. It's getting personal now. +Does anyone have any experience working for a prop firm? I want to find some around me (I live in Los Angeles) and trade with other professional traders. I’m profitable on my own, but I imagine having access to millions of dollars would skyrocket my returns, only because my small account doesn’t allow for much. +Do you have set rules for when to reinvest dividends into its own stock or when to keep it separate as spending money or reinvestment into other stocks? +I currently hold 5 dividend paying stocks, 3 REITs, T, MGM. Thinking of adding another dividend stock as T is phasing out, or lowering dividend yield. What $10-$30 stocks have the best yields? +Should i buy a dividend ETF, my choice would be FUSD, ISIN IE00BYXVGX24, i would reinvest Dividends, or Single Dividend Stocks like PG, PEP, JNJ, O, ABBV, MCD … +I live in Germany, so you can‘t easily DRIP on single Stocks, just ETF. Also i can‘t easily buy Dividend ETF like SCHD, so i choose FUSD, which you can‘t buy in US, just the Factor Version wihout Focus on Dividends is to purchase in US. + +I like about the ETF its good performance nearly equal to S&P 500, its relatively high yield, and that it only has 115 holdings which are all nearly equal weighted, not like the top heavy market capitalization weighted ETFs. +What od you guys think of the SPHD index that has a 3.72% dividend and contains companies with the lowest volatility in the s&p? It seems like a decent hold going into rising interest rate season next year and with the regular S&P 500 PE ratio voer 100 it is nice to see that SPHD combined PE is around 10-15 i believe. This feels like a very solid PE ratio for an index especially one that pays a solid dividend as well. Have you guys weighte up in this ticker recently at all? what do yall think? +I'm looking for REITs because if we see inflation REITs are going to increase their rents and most of them have fixed interest debt so I think is a good opportunity and came across OHI. + +They are undervalued having about 10 billion in properties and with a market cap of 8.7 billion. + +OHI primarily rents nursing houses for elderly people. The are fears that the nursing houses will stop paying their rents because they where getting vacant in response of COVID making nursing houses unsecured but the government gave them subsidies and for the 2020 the rents stayed. + +I think that with the vaccines being rolled out and the possibility of inflations over 3% it has a big opportunity for upside without that much risk (But there is risk nonetheless). + +What do you think? +I have 35k And can either buy btc and then I’ll have a whole coin or keep earning 8-9% APY on those stablecoins? + +Please don’t tell me to diversify and only invest what I can afford to lose, Bc that’s obvious. + +What I am asking is, because it’s a huge chunk of money, is it worth waiting for a dip? I don’t feel like a huge dip is likely due to institutional interest/adoption and the upcoming taproot upgrades. + +Thoughts? Thanks! +I'm thinking the coders of the bots that post shit like that won't have put in logic to check for a split. They'll see the drop to 1/4th the price and fire the posts that they've "lost everything." I'm calling it now so that when it happens I look like a genius. +I'm thinking the coders of the bots that post shit like that won't have put in logic to check for a split. They'll see the drop to 1/4th the price and fire the posts that they've "lost everything." I'm calling it now so that when it happens I look like a genius. +Instead other less developed countries started true adoption. + +Just this week three countries started moving towards a massive adoption + +>-Panama is working on a proposal to embrace Bitcoin and other cryptos in the country. + +>-The announcement came after El Salvador’s move to make Bitcoin a legal tender. + +>-Paraguay too is following El Salvador’s lead. + +>- Cardano, Algo and others doing massive work in Africa for the good of their residents + +Meanwhile we have Trump saying how Bitcoin is bad and FUD from biggest news channels in US and EU alike. + +I honestly thought its going to be either USA or Japan that will lead the way of crypto adoption bit boy was I wrong. I am so very happy for this constant influx of the crypto adoption. + +I cant wait to see what future brings us. + + + +More about this is here :) +https://coinquora.com/after-el-salvador-paraguay-hints-at-making-bitcoin-a-legal-tender/ +I hear a lot of talk about how food prices have been inflating over the years. My usual response to this is that if it is happening I don't see it. + +However, I decided to get a little bit more concrete. When I go shopping for groceries I always use my credit card (Chase gives 3% cashback for groceries). And I download and categorize ALL my credit card purchases. So I feel that this link fairly represents all my grocery expenses for 6 years. + +http://imgur.com/n5M5F.jpg + +Now, while it does jump around a bit we can see that from 2004 to 2009 the total increase was 4.3%. This works out to an inflation rate of .85% which is, in fact, perilously close to deflation rather than runaway inflation. Granted my n=1 however I'm a pretty consistent person and I tend to buy the same things over time. If there was general price inflation in food it would almost surely hit me. + +Plus, every now and then I think it is important to compile our own data from our lives to do a reality check on the data that is published by the government. +Economics 101 dictates that when there is a surplus, producers will cut back production until the equilibrium price is high enough so that a big enough profit can be earned. However, it seems that agricultural products (food) seems to defy this trend. Anecdotal evidence suggests that when food prices drop, farmers produce more in order to compensate, but this depresses the price even more (supply is increased). Is there a reason that the standard supply and demand curves don't apply? + +Also, it seems that agricultural subsidies started in the Great Depression. If the demand for food is near constant (you find a substitute for food for me, and I'll probably give you a nobel prize), and the supply of food is nearly constant (it actually dropped because of the Dust Bowl-not sure how big of an effect that was), wouldn't prices spike? + +TL;DR + +Why can't agricultural products be modeled by a classical supply/demand curve? + +Why do agricultural subsidies exist/why do they need to exist? +As per title, how many signs do you people (who are still on the fence regarding DRS) need? Our only solution is to DRS, you cannot trust the brokers. Let this be the new, most powerful and hopefully the last wave of DRS. Pump those numbers, take ownership of your shares, be in control for once in this damn corrupt & forsaken system! + +BUY>DRS>HOLD +As per title, how many signs do you people (who are still on the fence regarding DRS) need? Our only solution is to DRS, you cannot trust the brokers. Let this be the new, most powerful and hopefully the last wave of DRS. Pump those numbers, take ownership of your shares, be in control for once in this damn corrupt & forsaken system! + +BUY>DRS>HOLD +Hello guys my name is Darren. I completed my trading certification some weeks ago. Since I started trading in 2017, this is the first time I have profitable months on a consistent basis. Prior to finishing my certification I had only one profitable month and that was pure luck because the opportunities I missed were just hell. + +I have already told my boss I’m about to quit at the end of the month of July. After I collect my last paycheck. + +I am scared shitless. I am even petrified at times. +To those out there who did such a thing before and who are trading forex for a living. How did you cope with this fear? +Greetings everyone, + +We're living in some times where history is being made for the better or the worse. Nevertheless, it's history. I want to know if there are any sorts of knowledge or leads where I could look into relative to Forex. + +The only pair I know over there is the Yen (JPY). I watched the Yen jump when war talks occur, but what happens during peace talks? Currently, I'm seeing JPY strength, but I'm not sure for long it'll go. + +What do you guys think will happen to the Asian pairs out there? Will it get stronger if all of Korea becomes one entity? Or will it get weaker because they'll spending money to help out the people? + +- jnFamousDaN +Hello guys my name is Darren. I completed my trading certification some weeks ago. Since I started trading in 2017, this is the first time I have profitable months on a consistent basis. Prior to finishing my certification I had only one profitable month and that was pure luck because the opportunities I missed were just hell. + +I have already told my boss I’m about to quit at the end of the month of July. After I collect my last paycheck. + +I am scared shitless. I am even petrified at times. +To those out there who did such a thing before and who are trading forex for a living. How did you cope with this fear? +... of course after setting up my demo account and practicing and learning and reading for a year and winning and losing till I become a skillful trader, is it realistic to gain .03% to 1% return on capital money per trading day steadily for a long period of time some day. +Please share your thoughts. + + +First of all, I'm not against demo trading. + +However, no matter the amount of time you spend trading demo, it can never prepare you for living trading. Demo is good for 4 main things: + +1. Introducing you to forex +2. Understading the mechanics of your trading platform (eg. mt4 or ctrader) +3. Backtesting a strategy. +4. **Briefly** forward-testing a strategy. + +The number 1 reason retail traders fail is because of trading psychology. Any basic trading strategy like a simple MA crossover can make you successful if you manage your emotions as a trader. + +Moving of Stop loss, refusing to set stop loss, letting losses ride while closing profits as quickly as possible are all about problems with your trading psychology and no amount of demo trading will teach you to be better because you are simply not invested in the trades. + +People recommend trading demo for 6 months or 1 year and that's simply wrong. We have all been at a point where we even forgot about a trade only to open metatrader hours or even days later to see it in profit. There's no lesson learnt here. + +The 6 months or 1 year you spent trading demo would have been worthwhile if you had gone live with $100 and try taking it to $1,000 over a period of 1 year with a strategy. + +Don't waste too much time on demo. Find a strategy, backtest it with at least 10 years of data and see if it's worthwhile then move to live. + +Trading, like every other career, involves cost and consider that first $100 account (which you will probably blow) as part of your cost of training. Stop wasting time on demo. Trading is probably 10% strategy, 90% psychology. Only live account will teach you about psychology. +Noob here, trying to understand why its down when non-farm data was positive and its an important indicator. I noticed after the news release that all forex charts went against USD, and gold shot up, indicating the news was actually bad for USD. +I've had a rough week and it sounds like I'm not the only one. This week has wiped out my gains since July 1st, and I'm finding myself ever-so-slightly in the hole this month so far. I've made money every other month I've traded, so I'm not writing myself off as a failure, but nevertheless, I've done some digging to try and figure out what I'm struggling with. I hope the following observations about my own trading resonate with some of you and can help us all become better traders. + +First off: **Fundamental/technical analysis**. Since I started with forex a few years ago, I've put 100% of my time and effort into studying technicals. I think many traders, myself included, are drawn to technical analysis because we fall into the trap of thinking "If I just figure out what combination of indicators/chart patterns/algorithms work for *me*, trading will be smooth sailing." Being able to take a formulaic approach is incredibly appealing because it's much easier to simply check off a list of criteria than it is to interpret more nuanced information. For me, I found success drawing supply and demand zones, using Bollinger Bands to visualize market structure, and confirming reversal patterns with stochastics to trade from one zone to the next. I even studied the math behind those indicators to make sure I fully understood how they worked so I could identify their limitations, and for the most part, the strategy made money. Nevertheless, if I had a dollar for every time I take what I think is a perfect setup, then the market takes me on a wacky-ass ride of unexpected "crazy bullshit" that stops me out, I wouldn't be trading for a living. After some introspection, my conclusion is that those moments are not "crazy bullshit", but rather are the results of factors that fall outside of the (actually very narrow) scope of technical analysis. This has been hard to accept, as I previously learned technical analysis was perfectly viable as a sole perspective. I was taught that the market can be predicted based on analyzing past behavior. It seems obvious now, but when I think about it, no combination of chart patterns or indicators can predict next week's unemployment figures, interest rates, or what announcements (or blunders) world leaders are going to make on the global stage. Technicals work, but they only work when the market is reacting to fundamental factors, and as soon as a new fundamental change comes along, every bit of technical analysis used until that point becomes obsolete. What I'm trying to say is, at the very least, I need to be able to understand when, why, and how the game is going to change if my technicals are going to serve me. As such, I need to stop shirking fundamental analysis. It's time I start paying attention to that economic calendar and put in the effort to learn what each event means and how to interpret the results to figure out how the market will react. It's simply not as easy as looking at the technicals. It should be obvious that there's no magic formula to trading, but many of us try hard to avoid coming to terms with the fact that there's a lot more to "analysis" than just price action, risk management, and indicators. + +The problem is we as traders *want* trading to be easy. It's a career that society glorifies, and even if we tell ourselves we know it's not a get-rich-quick scheme, we still want to "figure it out" so we can spend a few hours a week scribbling on our charts and making simple black and white decisions while we kick back and "live comfortably". And so we try to trick ourselves into thinking it *is* easy by endlessly parroting mantras like "Risk management is all that matters" and "Trading is 100% psychology" and "All you need to do is find the strategy that works for you and stick to it." The first two are certainly pieces of the puzzle, but there's so much more to the big picture. + +The last mantra isn't even remotely true, and brings me to my second point, which thankfully is something I figured out early in my career, but it's too related to the previous topic to not mention: **Mechanical strategies**. The sentiment that you need to clearly define a precise, detailed strategy and always stick to it is another lie to make trading seem simpler than it really is. Even when I was just starting to demo trade, I was finding trades that would tick all the boxes outlined by my strategy, but my gut would hesitate. Long after I identified that problem, I also began to notice that I'd be forcing myself to hold onto trades, even if they were not moving as fast or far as I initially thought they would. Once I decided to leave room for my own instinct and discretion, I became much more successful. It's important to understand **your strategy is a set of rules you yourself made up.** If your strategy does not line up with your own professional opinion of the situation based on your personal experiences and observations, you need to find out why. Yes, you absolutely should draw on your past experiences and be consistent in *how* you examine the market, how much you risk, and what tools you use, but *give yourself enough credit to form your own opinions.* The market is not consistent. Do not expect to succeed by applying one cookie-cutter set of rules to different currencies, at different times, during different events. Long-term success in any other line of work is dependent on critical thinking and the ability to adapt to an ever-changing world, and forex is no different. It's not simple, it's not easy, and you *will* have to make difficult decisions. + +This wound up being longer than I anticipated, so thanks for reading. I'm eager to hear everyone's thoughts on these topics, so please share them. +I have a friend who trades Forex during the Australian and Tokyo open only. He only focuses on Gold (XAUUSD) for less volatility. He does not use a STOP when trading. He sets his Take Profit at roughly 30 pips for each trade and uses a leverage of 0.50, so he only makes about $20-30 per trade...most of the time, he is in and out relatively quickly...however, on the trades where he gets caught, or it goes against him, he holds through, and even places a trade in the opposite direction (hedge)...he will not close a trade going against him at a loss...he has gone down several times now on certain trades about 1000-2000 pips, where he was down lets say $1000 on the trade, but it always comes back up, or spikes up and he closes out...His win rate is essentially, nearly 100% and it has been this way over the last month...It seems unconventional/unsustainable and goes against everything we have learned about proper risk management, but he is making money and making money every day. My question to those that have been trading FOREX on a regular basis, is this approach sustainable, what am I missing here? + +https://preview.redd.it/bk3273otqx991.jpg?width=960&format=pjpg&auto=webp&s=3d18669e9cae92fbc20a2e155baa0be73086a37d +So I am using a demo account on MetaTrader 5 right now and I am making a ton of profit by just having patience using like 10 lots at most on the markets. What am I missing?? It almost seems too easy and too good to be true. If I were to but a lot down on a market and it goes the opposite way wouldn’t I just be able to wait it out until it goes to the right direction? Is it a game of patience? Greed? I know there has to be something else to it other then being patient and not to risky just in case the market DOESN’T go back that way for a while. + +Edit: I will be making a real account within the next week. What should I know? +I think the 'theoretical' answer is yes, you should take as many trade as the number of opportunities that you have, so that your trading result will be as close to your back test statistic as possible. However, in practice, I realized that after I have closed a trade and it is profitable, I find it harder to manage my emotion when I take a second or more trade and I do stupid things. Such as scaling down, closing the trade early etc. My trades usually last 10-30 minutes and I typically trade 2 hours a day. +As for me.It has taught me to be outcome independent. To not worry too much about results and more about effort and just having fun with what im doing, simply not expecting too much. +Not that I encourage you to quit but as most traders ultimately do quit after months/years of losing, so what it takes for you to conclude that Forex Trading is not for you. + +And Also, what it takes you to be convinced that you can do it for a living and keep going. + +Please comment +Hi guys, I've started to look at Forex during quarantine and school of pips was recommended to me as a great learning tool. Says its free to use so was wondering what peoples thoughts were on it. I've added a link to the website below. + +[https://www.babypips.com/learn/forex](https://www.babypips.com/learn/forex) +I'll be looking to apply to uni with a degree in banking and finance in a few years. This sounds really stupid but is it going to be an eye cathcher or just mehh. + +(Provided of course u show evidence of being profitable) +I’m still a new investor and I want to give some advice to new investors too about things I wish someone told me. If y’all have any other advice let me hear it. +1. Don’t panic sell- just because a stock has a bad day don’t panic sell and lose your money. If you truly believe in your stock, it will go back up. + +2. Starting out invest in ETF’s- this is probably the thing I wish I could’ve been told. ETF’s are like and mutual fund but you can buy it anytime during the day. They r a safe way to consistently make money. They won’t lose you money(if you pick a good one) in the long run. + +3. Don’t buy a stock because someone said to- I have fallen victim to “hype” stocks that I think will be the next GME, but ultimately fall 50%. I’m down about 20% in my portfolio because I bought into stocks that are sketchy. + +4. Stay away from options- some new investors may not know what it is and it should stay that way. It is the equivalent of gambling. + +5.crypto- crypto is very volatile and u could lose your whole investment in a day. I wouldn’t say you shouldn’t invest in crypto, but be smart. Also don’t buy DOGE it’s literally a meme. + +6. Don’t invest money that your aren’t prepared to lose- the stock market is unpredictable sometimes. A new pandemic could occur or a world war could breakout or another Great Depression could happen. We don’t know when or how, but the market could crash at any time, so don’t invest money that you aren’t prepared to lose. + +Hopefully this will help someone:) +My credit score is a shocking 222. I have only one major impact on my score, a defaulted $3000 credit card from almost 5 years ago. + +In mid August this year it would be 5 years from when the last time the default was updated meaning it's going to drop off I've been told. + +When it goes away and there are 0 negative impacts on my file does that mean my credit score suddenly goes up? + +All I want to do is get a credit card with a low limit, use it for everyday things and pay it off right away so I can boost my credit score but currently with a 222 I don't qualify for even a phone contract. + +Any advice would be great thanks ! +I have 100 shares of PLTR and figure I should start selling covered calls on it because it keeps diving. I set the strike at a price I would be happy to sell at and sold a $23 5/14 call for around .26. I don't really think it will hit (and don't care if it does, I would be fine parting with the shares), but what is the most profitable way to continue to do this? Are weeklies that are slightly OTM the best way to continue to extract a profit? my ultimate goal is to make constant money off of these shares and use the premium proceeds to either 1) buy more and lower my cost basis or 2) buy other shares for selling other covered calls. Thanks in advance! +My parents were never into being financially stable. I am pretty new to real estate so excuse me please if my question is too stupid. +If I buy a house now with high mortgage rates, will the mortgage rate in my house go down naturally once the mortgage rate in the market goes down +**TL;dr SoftBank founder Masayoshi Son has fired his "unicorn" fund Manager Akshay Naheta** **whose recent losses personally cost Son about $1.5bn, a figure that will have increased given the further losses.** **The 40-year-old Naheta is known for executing complex derivative transactions and for baiting large Wall Street dealers into "melt-ups" a type of trading strategy involving selling massive amounts of calls while delta hedging with the underlying assets in an attempt to bait large funds into being forced to keep up with and buy in to run ups that Naheta masterminded.** + +**Question 1: Did Northstar just blow up with overleveraged derivatives/shorts on GME? An undisclosed loss of \~$16 billion in one year alone is yet to be explained.** + +**Question 2: is Ken Griffin of Citadel following Naheta's bad derivatives bets like they followed Naheta on similar investments in PayPal and FaceBook?** + +&#x200B; + +We shall see... + +&#x200B; + +***Part 1*** + +April 2nd, 2022 from this article we find the news about the firing: + + [SoftBank liquidates most of portfolio at ‘Nasdaq whale’ trading unit | Financial Times](https://www.ft.com/content/197c32a9-cfed-418c-9351-ec8eefe54328) + +# SoftBank liquidates most of portfolio at ‘Nasdaq whale’ trading unit + +Japanese tech group’s short lived **SB Northstar fund** had racked up $6bn to $7bn in losses + +The future of the Japanese technology conglomerate’s buccaneering trading unit has been in doubt since November, when SoftBank’s founder Masayoshi Son told investors “the company called SB Northstar . . . is about to come to an end”. **Akshay Naheta, the former Deutsche Bank trader** based in Abu Dhabi who ran the unit, left SoftBank on Thursday, according to a person familiar with the matter. **The 40-year-old is known for executing complex derivative transactions** and earned notoriety for spearheading SoftBank’s controversial bet on the shares of fraudulent payments company Wirecard. + +Regulatory filings show that **SB Management — Northstar’s investment manager — held a little over $1bn in US-listed stocks at the end of 2021, down from more than $17bn one year earlier.** The bulk of its remaining positions were in special purpose acquisition companies, including vehicles sponsored by its own Vision Fund, SoftBank shareholder **Elliott Management** and Vision Fund investor Mubadala. The winding down of Northstar comes as SoftBank looks to slow investments across the group as it seeks to raise cash amid falling tech stocks and a regulatory crackdown in China. + +**In its 2021 annual results presentation last month, SoftBank disclosed that Northstar had lost $4.6bn over the course of its brief existence, mainly because of disastrous derivative bets.** + +One person familiar with its trading activity said this would likely climb to $6bn following the liquidation, while another pegged it at close to $7bn. SoftBank said: “As Mr Son explained during SoftBank’s earnings presentation last November, SB Northstar’s activities and its portfolio have been significantly reduced.” + +The rapid rise and fall of Northstar has added to longstanding corporate governance concerns at SoftBank over the company’s ability to place adequate checks on its billionaire founder Son. Son holds a third of the unit personally and was the driving force behind its outsized derivative bets on US technology stocks that stunned the market in 2020. In September of that year, the Financial Times unmasked SoftBank as the “Nasdaq whale” that had bought billions of dollars’ worth of US equity derivatives, which other traders blamed for exacerbating big swings in the prices of technology stocks. + +Recommended News in-depth SoftBank Group Corp From the archive: Akshay Naheta, the former Deutsche trader behind SoftBank’s bet on THG + +Son disclosed last year that his holding in Northstar had personally cost him about $1.5bn, a figure that will have increased given the further losses incurred unwinding its portfolio. One of the people familiar with Northstar said it was unclear when the 64-year old SoftBank founder would cover these personal losses. “When is SoftBank going to collect the money? It’s an IOU,” he said. + +&#x200B; + +***Part 2*** + +Now from this article from Sep, 2020 I found a connection between **Akshay Naheta** and **Citadel** where Naheta famously setup Citadel in what is known as the great melt-up: **"The real setup was inherent in the call options positions themselves. It was big Wall Street dealers like Goldman Sachs and Citadel who were being set up, and surprisingly fell right into Naheta’s hands."** + + [The Tech Melt Up, The Man Behind the Curtain, and Being Suckered | Total Wealth Research](https://totalwealthresearch.com/2020/09/the-tech-melt-up-the-man-behind-the-curtain-and-being-suckered/) + +"This is a true story. + +It’s about U.S. mega-cap tech stocks and equity markets melting-up this summer and how one man drove the action, suckered in retail investors, and painted Wall Street’s biggest pros into a corner. It’s also a lesson for retail traders on how the big boys play and how to not get played by them. + +**Enter the Whale** + +In 1981, Masayoshi Son, or Masa Son as he’s known, started **SoftBank Group Corp. (**[**SFTBY**](https://moneymorning.com/markets/stocks/?j1_module=stockDetail&j1_symbol=SFTBY&j1_region=US)**)** to invest in tech businesses. Over that time, he amassed huge stakes in Japanese and U.S. telecom companies, Chinese tech giants including Alibaba, and some of the world’s best-known Unicorns. And then, three years ago, SoftBank launched Vision Fund, a $100 billion tech incubator fund + +Then, in early August, on an earnings conference call, he did it again. Masa Son announced SoftBank had launched an investment arm funded with $555 million (555 is slang in Japanese for “go, go go”). **Akshay Naheta**, who Masa Son had brought in to help run the Vision Fund and was now the head of the initiative, was on the move. + +He knew driving up the prices of certain stocks would drive stock indexes higher and draw in more retail buying and institutional buying, as mutual funds and investment managers had to chase rising markets higher or look like fools being left behind. + +Going into the summer, when things are generally quieter, when trading volume thins out, when its easier to move stocks and markets, after amassing stock positions worth billions, Naheta had his troops buy call options on the highflying stocks everybody was talking about, the ones all the new-fangled retail traders were bidding up, the ones institutions then had to chase higher. + +It’s been estimated the quasi-hedge fund bought at least $4 billion worth of call options, with a notional value of between $40 to $50 billion in underlying stocks. + +**The Melt Up** + +The brilliance of the trade wasn’t recognizing the setup: a lot of people saw and were playing the momentum game; buying huge amounts of call options was the genius move. + +The real setup wasn’t getting retail buyers to buy more shares as they were going higher, though that was important for sure. + +The real setup was inherent in the call options positions themselves. It was big Wall Street dealers like Goldman Sachs and Citadel who were being set up, and surprisingly fell right into Naheta’s hands. + +When dealers sell huge volumes of calls they’re essentially shorting the underlying stocks. To hedge their risk, they buy shares of the underlying stocks. But they don’t buy shares on a one-to-one basis. They “delta hedge.” + +Delta is one of the “Greeks” used to describe options dynamics; delta is how much options are expected to move for each dollar move in the underlying stock. + +A delta of 1 means a dollar move in the underlying stock will move the option by a dollar. Since the call options SoftBank was buying were out of the money, their delta was less than 1. Maybe deltas were 0.2, or 0.3, or 0.4, which means to hedge the calls they sold, dealers didn’t have to buy shares on a one-for-one basis against the calls. + +But there’s another Greek that matters, one that Naheta wanted to explode higher, gamma. Gamma is the rate of change of delta. In other words, delta isn’t fixed, it changes. + +As the underlying stocks Naheta’s team bet on rose, their gammas rose, meaning delta’s rose closer and closer to 1, exposing the short dealers to increasing risk. + +So, they did what Naheta knew they had to do, they bought more underlying shares to maintain delta neutral positions. + +The genius is, as the dealers bought more underlying shares to hedge against the gamma melt-up they were faced with, their buying lifted stock prices, which increased gamma even more. + +The feedback loop amounted to calls spiking higher amid a gamma squeeze, leading to more buying of the underlying stocks, leading to even higher call prices, to even more call squeezing, even more delta-hedging, and more buying of the underlying stocks, which quickly, because of the stocks involved, pushed market indexes higher and brought in more buyers, and so on until there is one massive market melt-up. + +**TL;dr SoftBank founder Masayoshi Son has fired his "unicorn" fund Manager Akshay Naheta** **whose recent losses personally cost Son about $1.5bn, a figure that will have increased given the further losses.** **The 40-year-old Naheta is known for executing complex derivative transactions and for baiting large Wall Street dealers into "melt-ups" a type of trading strategy involving selling massive amounts of calls while delta hedging with the underlying assets in an attempt to bait large funds into being forced to keep up with and buy in to run ups that Naheta masterminded.** + +**Question 1: Did Northstar just blow up with overleveraged derivatives/shorts on GME? An undisclosed loss of \~$16 billion in one year alone is yet to be explained.** + +**Question 2: is Ken Griffin of Citadel following Naheta's bad derivatives bets like they followed Naheta on similar investments in PayPal and FaceBook?** + +&#x200B; + +We shall see... +Curious as to what this subreddit's general demographic is when it comes to lifestyle currently and in the future. My lifestyle is more luxurious and want to see how people live their life under FIRE. + +* Age: 24 +* Income: 150000~ +* Current savings: 40k Roth 401k, 5.5k Roth IRA, 5.5k HSA, 15k individual stocks +* Region: Seattle, WA +* Lifestyle: While financial independence and security are things I keep in mind, I'm not particularly aiming for early retirement at the moment since I live and enjoy living a fairly luxurious lifestyle even with my higher income. I travel often, have many hobbies that require some financial investment, go to concerts and festivals, live in a more expensive place, eat at nicer places, etc. In order to achieve FI/RE, I'd probably have to sacrifice a lot of this. Even in retirement, I anticipate wanting to travel a lot. +* Current debt: Paying off a car I bought last year and a small amount of student loans. + +edit: just to be clear I’m sorry if I offended anyone. I’m not trying to flex my obviously very fortunate position, but trying to gather insight as I assumed(and perhaps incorrectly so sorry for that) that many people here were also in more fortunate positions to be aiming for FIRE. +Like most people here I have cooked up my own set of spread sheets to play with. They have lead me to some really surprising conclusions: + + +I am currently at 100k NW with a target of 625K (planning to leanfire and moving to a very LCOL area). Assuming a 7% rate of return if I save 40K/year (~50% saving rate) I can reach my target in 9 years. If I save 25K/year (~30% saving rate) I can reach my target in 11.3 years! + + +You would think increasing my saving rate by 60% would save more than 20% time! After doing this calculation I am really questioning the wisdom of pursuing the 40K/year option (which is what I've been doing by default). The lifestyle that the saving 25K/year option affords me is a significantly more relaxed, generous and experience rich one than the 40K/year one. Having an extra $1250 dollars a month to spend on whatever I want for over a decade during my prime seems completely worth working an extra 2-3 years. + +And all this is ignoring a very crucial tax implication. When saving 40K/year I will soon pass the contribution limit of my tax deferred accounts. Meaning I will soon be paying a lot of taxes on my investment income. With the 25K/year option I will never go over my tax deferred contribution limit. +Even more importantly, in case of 25K/year the majority of this money saved will also be saving me from extremely high marginal tax rate. In case of 40K/year the marginal tax rate would go lower so I will be saving less on tax percentage wise. + +Tl;dr: Saving more aggressively like I've been doing is decidedly looking like a negative as far as quality of life is concerned. After running these numbers I am leaning towards relaxing my budget significantly. Apparently trips or vacations every single month will only have a marginal impact on my FIRE date. + +Edit: Just a clarification. The reason my FIRE number is $625K (or $25K/year) while my current expenditure is $40K/year is that I plan to move from a HCOL area to a LCOL area to retire. I have actually lived in a LCOL area half my life so this isn't based off of naive assumptions. + +Edit 2: Corrected a counting error. Years were shifted forward by 2 for both scenarios. +So I just had a meeting with a realtor this last week and it got me FIREd (lol) up about the progress, and delays (thus lessons) I have made since I started this journey in early 2021. + +In 2019 I was making close to $800-900/week working only 30 hours a week. Keep in mind in OK, rent with roommates is around $350-400/Month. On weekends I was regularly covering my monthly rent in just five hours of bartending. + +Keep in mind, I wanted to quit working, but my intentions were not there. I wasn't ready to stop spending money. I had vices. Gambling, drinking, smoking. I think in an entire year earning close to $55k (I also had a part time small business), I only finished the year with $5k in savings. That's pitiful. + +**WHEN I STARTED TO GET SERIOUS** + +So in early 2021 I had gotten back to full time bartending work after a year of the pandemic. I had nearly no money to speak of. While I had unemployment money coming in, I was *very* bad with my spending. Most of it was spent gambling on the stock market. My car got totaled and I had to pay cash on a new car (didn't have a job at the time so no loan) and six months in I had to pay $5000 in repairs. + +But by June of 2021, I was making close to $800-1000/week as I had been in 2019. The difference was I was working nearly 45-50 hours a week to obtain this. This bar just wasn't it. But since my living expenses were only around **$1000/month**, I was still able to clear $2500-3000/month in savings. + +**BUT I WANTED TO MAKE MORE, SO I MADE MORE** + +I am not stranger to math. I know it is important to make as much income as possible to close the gap to financial independence. I am 31 years old, and I do not intend to continue my career as a bartender/server past 40 years old if possible. Every dollar counts. If I can save $60k a year instead of $30k, that's massive. + +I left my prior job of 1.5 years in June after they denied me a raise and business was on a steady decline the last few months. I went from earning around $4000-5000/month to $3000-3500. I knew this was ridiculous because I had a feeling there was potential for me to earn $6000-8000/mo if I was just willing to put the work in. + +I decided to apply for positions in the wealthier parts of town. I make my income from tips, so I need not only consistent volume, but I also need high ticket prices. I got not just one, but two jobs. One for a restaurant that has been around for 12 years, and another that I was part of a grand opening. + +**THE UPS AND DOWNS OF NEW EMPLOYMENT** + +So there has been imperfections in my plan, but after six weeks of making the move, the eggs are beginning to hatch. One job was only giving me 2-4 shifts a week. However, the money is ridiculous. Just working two days a week, I was bringing home 600/week. Which would be around $6000/mo if I was working five shifts a week. I am also told this is the slowest season of the year, and that I should expect to be making more. For reference I am earning $250-500/day in credit card tips. My hourly wage I earn around $60/day, and cash can be $30-100/day. With the ups and downs I would say I take home $350/day after taxes as a good ballpark. For reference at my last job I was taking home $120-150/day. + +My second job is getting better. For two weeks I was making training pay or helping set up the restaurant at $12/hr. But with tips I am only taking $2.13/hr. However, the ticket averages are really good. Dinner shifts I can take home $200-250 in just four hours. But we started lunch this week and it was very demotivating. For example this last thursday I made $35 on lunch, but my other job I made $380 at dinner. Yesterday I worked a double at the new restaurant and made $350 in eight hours. + +So, we are still in a phase of discovery. A bartender at the more lucrative job also got fired for some fucked up shit, so I was given his shifts, bringing me to four a week. The less lucrative job will get better with time. I will be working weekend lunches, one weekday lunch, and sunday brunch. With it being as new as it is, I have been bringing home $400-600/week. I will not be surprised to see that grow to $1000-1500/week depending on my shifts. + +Now, I am making projections of my future income based on a lot of pessimistic outcomes. But with just one job alone I am expecting $1000/week. The second job easily $500/week, so $1500/week total. I could see $2500/week happening once summer wraps up and we draw closer to the holiday season. + +**MY BUDGET BREAKDOWN** + +So I think what makes this all work is living far below your means. I drive a 13 year old car with no payment. I used credit karma to get my insurance very cheap. I work for restaurants so if I am not cooking at home, I can eat a meal at work for less than $10 (very important when I am working 14 hour days), and I avoid drinking and smoking. I also have two roommates in a 3 bedroom house. + +Rent - $333/month + +Utilities - $75-120/month + +Gas - $100/month (I drive eight miles round trip to work) + +Insurance - $18/month (thank you credit karma) + +Phone bill - $112/month + +Food/groceries - $400-500/month. I do eat out a fair bit, but frankly I do not worry about this because most of my socializing/time with family is dining out or eating for convivence of time budgeting. Working 50 hrs/week makes it difficult to cook every meal. And I get food fatigue so meal prepping more than two meals at a time is not ideal for me. Most of my meals are very cheap. I can eat at five local restaurants with 50% discounts thanks to my employers. + +I round up and put my expenses at around $1200/month. So that means in one week of work, I cover my bills and everything after that is profit. + +**HOW I LOOK AT INVESTING VS. SPENDING: A PERSON AS A COMPANY** + +So I try to analyze myself through the mindset of a companies balance sheet. The ideal business has cash on hand to be solvent, but aims to direct cash flow towards pursuits of capital accumulation and appreciation. + +I know that my cash will lose $4 on every $100 per year. I know that *invested* cash will EARN me $13.8 on every $100 per year. If my daily expenses are $40/day and I am earning an average of $250/day (including days off of work), so that leaves $210/day roughly to invest. I can hope to earn about $30-40/day in interest on my income, in theory. But hey, a plan is better than no plan. + +It is important to look at what you are spending in terms of dollars per hour. For example, in a 40 hour work week with 260 working days a year, $2000 takes about $1/hr not including taxes. And further, you can look at it in percentages. If you earn $30/hr, then $1/hr is 3% of your income. I think this can help to effectively micromanage your spending. Start small and extrapolate over a year. If you earned $300/day and you are considering going out for drinks and dinner after work and spend $100, then you effectively spent 33% of your daily wages. That is okay if that $100 is a monthly or bimonthly habit, but *daily* that is a quick path to financial dependence. + +This is how I avoid subscribing to monthly subscriptions. While it can be easy to subscribe to gym memberships, music subscriptions, meal subscriptions, etc. They could total out to be equivalent to $3-5/hr of your labor every day for things that don't serve *you as an individual, but only as a consumer*. + +**WHERE I AM AND WHERE I AM GOING** + +So I do have high hopes for the future. Especially now that I have taken the reigns and found more lucrative employment and nearly doubled my income (and possibly more as the months progress), I have taken more aggressive stances to investment. I only aim to keep 3-5 months of living expenses in cash and any additional is put into broad market index funds. I also have put $18k into a small company that I personally believe will be worth a significant sum in a few years if they deliver on their objectives. + +Currently I am sitting around $23k in net worth. I was delayed the last five weeks while I transitioned employment, and the market was red the last six months. My ETFs recovered 10% to be 5% green (about 10k invested so far) and my small cap (18k invested) lost up to $11k in value at the bottom of this year, and is now $8k in the red. I am not concerned about the long term value. I avoid buying more shares of my small cap which I consider a lottery ticket, but I do make large monthly contributions to my ETFs. I am hoping to have about $40-50k deposited by the end of this year. + +I will be planning to put an offer down for a house come december-march of this year. I hope to avoid withdrawing from my ETFs, but I will aim to get a loan against the cost basis. My first home is going to be a 3 bed room, and I will rent out 2 bed rooms for $500/mo each. Half I will use to pad my savings and the other half will go towards growing my investment accounts. + +My plan by 40 is to have enough in dividends and rent from real estate that I can earn $60k/year which would be more than enough for me to have a comfortable standard of living, not including part time work. + +I have calculated that three rental properties at around (currently) $1200/mo, plus a brokerage account heavily situated in index ETFs with 4% dividend payments a year will do the trick. I am aiming to maintain most of my income in ETFs and leverage 50% of home mortgages in cash. And then using rent checks to go towards paying off the principal. At a rate of savings of $50k/year, I expect I can hit my goal of 3 properties in less than five years, and if being close to full retirement in 15. +Recently I read an exchange that got me thinking: + +The first comment argues the US will continue to outperform international. + +> IMO, VXUS will continue to underperform VOO. I just don't see how any country can outperform the collective might of American big tech companies. + +The second tries to reel in the misunderstanding: + +> To outperform foreign in the market, US big tech doesn't just have to "outperform". It has to surpass people's expectations of how it will do, more than foreign does. Not only that, it has to do it continually, year after year. + +It spurred an analogy to gambling that I think is apt. The US is a heavily favoured sports team, it is expected to win. Therefore, the odds are set so that they have to win by a larger margin than expected (beating the spread) to pay off well. Whereas international are expected to lose, so have a lower bar to hurdle to pay off well. + +In the short term, the market is a voting machine, and the US tends to win that popularity contest. In the long run, the market is about fundamentals, and generally the US has lived up to the voters’ expectations. However, the voting side of the market sets pretty high expectations (in some cases excessively high), and so the fundamental’s expectations (the spread) seems to grow, setting higher and higher targets for growth. + +Can US tech live up to these expectations? Possibly. But, diversification is the only free lunch in investing - yes there’s a downside if the US continues to beat the spread, but less downside if they don’t. +I’ve been mulling over switching the funds from my TFSA at TD over to Wealthsimple for awhile and I’m thinking about biting the bullet now. However I just wanted to know if the transfer will affect my contribution limit, anyone have any insight on this? +Anything else I should know transferring between institutions? +I've noticed that RBC is the largest holder of a couple of stocks that I'm holding(Enbridge and Telus). I'm also holding RBC stock itself. + +My question is does RBC actually hold this stock to collect returns or is their holding just on behalf of their customers? The reason I ask is because I want to make sure I'm not holding stocks within stocks and reducing my stock diversity. +Bitcoin is uncensorable, non confiscatable hard money without a central bank. We are finally focused on the non confiscatable aspects of Bitcoin and I love it! + +Look, I think the Bitcoin narrative as an inflation hedge and as an institutional asset is great, especially during the massive monetary expansion that happened in 2020. But the number go up narrative is FUCKING BORING! Bitcoin is NOT a tame lion, kissing the ass of all these big institutions with the hopes of buying our bags in not in line with the Bitcoin brand. Bitcoin is a counter culture movement and the last 2 years we've turned into a pro-establishment movement. Kissing the ass of all these Black Rock ESG cucks and trying to onboard all the corporates makes me puke. + +The Canadian Truckers is making Bitcoin fun for me again, and I hope we continue promoting the other aspects of Bitcoin other than just number go up. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) + +NFT Marketplace [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[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 + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [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! +Hi, my name firefinadvisor999 and I have a financial advisor. + +Reason I ended up in this situation was from a windfall. Before that I had (still have) a well paying job and did the regular 401k stuff, budgeting. It was a little overwhelming at first and had a big fear of fucking it up. + +I still don't think that fear was completely unfounded. Going from a basic low six figure job to multi millions overnight is quite a change. + +It's not that he hasn't done his job. The places he parked my money is earning and to an extent he's paying his salary of .75% on $4.1M AUM collected quarterly. + +I told him I wanted aggressive growth so as far as the market it's like a 90/10 split between stocks and bonds. + +*Here's the thing...* He picked a bunch DFA funds. Top of the line he told me. PHD minds working to admin the funds, that's why their fees are worth it! They aren't available to retail investors, only hot shots like you! + +So about 75% is in the stock/bond market with those guys. + +The other 25% are in these "satillite" investments, limited partnerships. The reasoning being they aren't tied to the market swings and their payouts will feed back into buying more in the market. (Well, what's left over after he collects his) + +It was nice to get that all setup but now I am feeling a little sheepish realizing he gets to sit back and collect ad nauseam for a one time thing. + +**My Real Questions** + +Is he going to tell me I'm going to have to sell all the DFA funds b/c they "don't work w/ individual retail investors?" + +On the one hand I'd like to move them over to comparable Vangaurd funds that have very similar exposure and same or better historical returns. On the other hand that's one hell of a taxable event. + +What about these partnerships? I've become comfortable enough with knowing where I'd like to park things market wise but really no experience dealing with these things directly. + +Some I'm still locked into, some not. Even the ones I'm not locked into I might be happy keeping the arrangement going. When I do want to cash out do I just need to make sure I have the contact info and say I want to start cashing out? (Terms have similar things like only so much at time and only happens quarterly). + +To sum up, I got what I paid for, don't feel anything shady going on, but I just want to stop paying for all that. +The threshold currently is $12m for single people and $24m for married couples. We’re in our mid to late 30s now with 2 kids and may bump into the threshold soon. We’ve talked to one trust and estate attorney recently and honestly came away learning very little so I’m here now to get more information before talking to another. + +As Gary Cohn said, “only morons pay the estate tax.” Well, how do you do it? + +Also, does anyone recommend Vanguard’s estate planning services? I have not talked to them yet and might try them next. +I noticed Citi (and likely others as well) have significant interest rate reductions at the 500K+ (3/8th %) and 1M+ (1/2%) mark. Currently most of my NW is in property and a pair of 401Ks. Any downside risk to moving all the assets in my 401Ks to IRAs for the window of time around closing a refi? Both our corporate accounts allow roll-ins so I can move the funds back later. Looks like the money just needs to be there about a week in advance though close and then maintain some minimum sum in a deposit account for making the payments after close. Have others done similar account migrations for banking relationship benefits? +Partner and I are about to exchange and complete on a house. Due to the dovetailing of the cost of living crisis, our outgoings will go up rather than down. Before this crisis we were looking at adding a number of luxuries to our life - one of them being a dog, another being a cleaner - which now obviously we cannot afford. + +We are in a comfortable and affordable position, but due to personal reasons I am having constant anxiety about the incoming impact of higher fuel/food/energy. I come from a background of poverty where I have had to stare at £30 and wonder how it will last me the rest of the month. It's a haunting, difficult way to live, and logically I know that I am not anywhere near there (although many people are and will be) but it's difficult to fight anxiety with logic. + +When money starts to get tight, my reaction is to save, save, save. Give up on everything that's a luxury or more than a basic requirement, meet whatever bills you have, and save as much as possible. + +The mortgage we are intending on getting, we are also aiming to overpay on it (6k pa). Accounting for annual costs of the car, house and life insurance, and Christmas (but no other gifts) this puts our annual savings at £2,600pa (excluding the aforementioned 6k target). + +In order to meet this target, my partner and I will have about £100 of 'leisure' spend per month each. This is money leftover after everything else between us is accounted for, including a budget of £400pcm for energy bills. The energy is difficult to budget as we're not in the place yet, but it's a bigger house than the one we're renting and I've used information from the EPC to help guess. + +With a post-tax takehome of £3,400, having only £200 of this allocated to any enjoyment/hobbies/eating out / etc seems paltry. + +Should we consider lowering the amount we intend to overpay the mortgage so that our quality of life doesn't decrease too much? Currently we both have around £250 of leisure spend a month each. + +I know none of these prices are going to come down. They will only go up. Obviously the best thing for us to do is get higher paying work and we are working on it, but I am looking at the news headlines and our budget every day anxious about how much we will have to cut down on in terms of living in order to get by. + +We wanted a new kitchen in the house we're buying, that's not affordable if we cut our savings. We also wanted to get married, ditto. But at the same time we've already cancelled all our subscriptions (Amazon, Spotify, etc) and cut down on any luxuries in our food shopping (no more ice creams or puddings, just efficient shopping to get us through the week) and I am starting to feel the impact of the lower quality of life. + +Just wondering if y'all have any insight, or how you personally are coping. + +Edit: Thanks Auto-Mod, would love to fix, but we can't until we're in the damn house. +My employer overpaid me on my mid-November paycheck by about $400. Initially they offered to fix it by deducting that amount from my next paycheck, and I agreed, but they didn’t follow through. Now they want to void the incorrect paycheck (which was direct deposited to my bank about 3 weeks ago), issue a new paycheck in the correct amount, and have me write a $400 check to them. If they void the old paycheck will that cause issues with my bank? Why would they want to do this instead of deducting the amount from my next paycheck? Thanks. +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... + +He literally asked his co-anchor +“If you own a meme stock why would you ever sell?” He knows the sub controls the float and therefore the floor. + + +If none of the apes ever sells, the floor is literally infinity, and he knows this. In fact, to him it’s so easy it’s “child’s play.” He wants the sub to admit that there is a collective “us” here so the SEC can nail us, but there isn’t. There is just a round table of apes discussing technicals, the company’s projects, and similar interests. The reality is that We. Just. Like. The. Stock. + + +My opinion is that CrackheadCramer just showed his hand. The floor of $50 mil, $100 mil, $200 mil, whatever apes want can have. It’s up to the apes to decide how history will be written at this point. Truly in the endgame. + + +Don’t succumb to the fake squeezes. They’re already lining up a face squeeze for AYEMCEE to $50, and people are already catching Onto the shill tactic. Same will be done for GME. + + +💎 🙌🏼 + + +$GME 🦴er 🚀 to the 🌙 +As in the topic. Which programming languages would help with getting a job in finances? Or which are useful in finances? + + +Would it be Ruby/Python? + + +Might be a stupid/not precise question, but w/e. Maybe you guys know the answer anyways. +Let's look at Zuck's [pitch video](https://www.youtube.com/watch?v=Uvufun6xer8), for example. In the metaverse you can... + +1. **Play poker with your friends** +There are already plenty of ways to do this online, right in my browser. If I really want to see my friends' faces, we could setup a zoom call while we play, and I can see their *actual* faces, rather than a stiff digital avatar. +2. **Look at some digital art** +I can already do this in a browser. I guess if it's a 3d model, rather than a 2d image, having a VR headset helps, but how often do people sit around looking at 3d models, just for the sake of it? Unless you work with them somehow, probably not very often. +3. **Bring your items from one videogame to another** +Sounds very cool, but if this was something that game creators wanted to do, they could have already been doing it for *decades*. It's not a technological problem, but a lack of will from the game's creators. The only thing stopping me from bringing my World of Warcraft sword into Everquest or Black Desert online is the games' creators willingness to implement this feature (and it actually sounds like a *lot* of work for them to support, once you start to think about it). +Also, would you really *want* a bunch of people bringing their Roblox items and gear into your Lord of the Rings Online server? Have these people ever actually *played* a videogame? +4. **Communicate via hand gestures instead of typing** +It's really hard to imagine how waving my arms, like a caveman, is a superior form of communication to using a keyboard. +5. **Watch videos with your friends, online** +Plenty of ways to already do this. I don't see how donning a VR headset would improve the experience. Again, if I felt the need to look at my friend's faces, while I watched the movie, we could just start up a group video call. +6. **Go to a concert together with friends** +Seems like watching the concert, streamed, would be far preferable to being in a virtual stadium, where a 3d model of the performer is far away from me, and I'm surrounded by a bunch of lifeless avatars, half of whom are probably AFK. +7. **Attending a concert's "after party" in a virtual space** +Again, this sounds far inferior to just connecting to a public video chat lobby, where you could actually see faces.But if you really want to hang out with a bunch of anon 3d avatars, go play VR Chat. I'm guessing you'll nope out of there within the first 5 minutes. +8. **Play VR online ping pong** +You can do this right now. There are tons of really fun multiplayer online VR games you can download from Steam right now, no metaverse required. Why aren't you playing them? +9. **Attend a virtual work meeting in a virtual conference room** +Obviously, you can already do this now, with Zoom, Google Meet, Microsoft Teams, etc, but with the ability to see your coworker's *actual* faces. +If Bob from accounting *really* wants to be a cartoon lion, there are plenty of video filters that already give him that ability...hooray! +10. **Learn about the solar system, for a school project** +Obviously there are already tons of educational materials, on the internet, right now. There's Youtube, Udemy, etc, etc, etc. Incorporating 3d models into the lessons is cool, but there's nothing stopping educators from using something like WebGL to do this in a browser window, except that it takes a lot of time and expertise to create those kinds of educational materials. +11. **Do your shopping from a virtual shopping mall** +This sounds a lot less convenient than just buying stuff from a website.Also, it's not realistic to think that stores will create a to-scale 3d models for most of their products, so you'll probably just end up looking at a bunch of 2d jpegs anyway. + +So yea, if you think this whole metaverse thing is all hype, you're not alone. +Airbnb IPO Valuation by Aswath Damodaran +Dec 2020 + +Airbnb has brought the sharing economy to housing, connecting home owners (hosts) who own units or houses that they want to rent with renters (guests) online, collecting a percentage of the transaction revenues from both sides of the transaction. Its low capital intensity model and extended reach has allowed it to expand not only to expand to almost every part of the world (220 countries) but also provide an unmatched range of offerings. + +The growth in gross bookings has started to slow down, as the company gets bigger, and the COVID shut downs made 2020 a regressive year. That said, as its competitors in the hotel business have been damaged far more by the crisis, Airbnb will be able to recover quickly from the crisis, and continue on its growth path. Economies of scale will allow for only mild improvements in revenues as a % of gross billings, but the brokerage-based business will generate high margins, in steady state, and require relatively little reinvestment. + +Source tweet with all the numbers used in the analysis: https://mobile.twitter.com/AswathDamodaran/status/1334356017820311556 +Greetings once again [🦍](https://emojipedia.org/gorilla/) as promised, this post will be a follow up on my two previous DD if you want to read them or challenge me on my predictions both links are below. + +[I](https://www.reddit.com/r/Superstonk/comments/n2witz/wen_moon_taddelliot_wavegamma_squeezeoptions/) wen moon ?[II](https://www.reddit.com/r/Superstonk/comments/n4b6kf/wen_moon_ii_wen_in_doubt/). wen moon ? II : wen in doubt + +Alot of Good DDs came out recently so I wanted to join in on the action and offer my own perspective I also wanted to follow up the prediction that were made last week. In combination I will back my observations using **Wardenlive endgame** [DD](https://www.reddit.com/r/Superstonk/comments/n5me5g/the_mother_of_all_wedges_an_endgame_dd_technical/) and **Trading Sciences TA** [latest video](https://www.youtube.com/watch?v=riDSUjSdixA). Once again I'll keep everything short and straight to the point. + +# PART 1 : MOAW revisited (MOTHER OF ALL WEDGES) + +*If you haven't read Warden* [***DD***](https://www.reddit.com/r/Superstonk/comments/n5me5g/the_mother_of_all_wedges_an_endgame_dd_technical/) *on the MOAW i highly recommend it, my first* [***DD***](https://www.reddit.com/r/Superstonk/comments/n2witz/wen_moon_taddelliot_wavegamma_squeezeoptions/) *that came out a week prior also explains in sort of a* ***TLDR*** *version.* + +As you can see on the images below we broke out the **APEX** of the wedge on the upside, finishing **green** on friday at **161.11$,** this to me is extremly bullish. In my second [DD](https://www.reddit.com/r/Superstonk/comments/n4b6kf/wen_moon_ii_wen_in_doubt/) I predicted that last week Hedgies would try to bring us below that **RED** line to try and break our *bullish* momentum and **ho boy!** did they try. On monday and tuesday they attacked us viciously bringing in us down from **177** to **151.86.** + +**Once again our diamonds hands prevailed.** + +[$GME broke out the MOAW on the upside \(daily timeframe\)](https://preview.redd.it/o8rqos64hyx61.png?width=624&format=png&auto=webp&s=645e405d9ebfa77d9231580dafab84eaff7cb893) + +&#x200B; + +[$GME breakout of the MOAW \(4h timeframe\)](https://preview.redd.it/auqeq6s0jyx61.png?width=564&format=png&auto=webp&s=59d5ad02c653acf7a13068477ebba7a0f7c4c13a) + +[Massive attacks Monday and Tuesday](https://preview.redd.it/oo5wbps9kyx61.png?width=382&format=png&auto=webp&s=3184c336d9fedfd61a646e2c3263e5614c16a30d) + +# PART II : The Unbreakable Trendline + +In my second [DD](https://www.reddit.com/r/Superstonk/comments/n4b6kf/wen_moon_ii_wen_in_doubt/), I theorized that as long as this trendline would hold we would be in good shape, I've also pointed out that Hedgies would attack it hard, as they did earlier last week. I was happy to see that it held. If Shorts are not able to break it in the near future, we are gonna see **200** soon-ish meaning we are indeed **inevitable** mid-long term, find out why in **part 3-4.** + +&#x200B; + +https://preview.redd.it/i7drpjvflyx61.png?width=440&format=png&auto=webp&s=1c071a502cf6dbd34827c8f885dad5f16968c12c + +[Possible outcome over the next month](https://preview.redd.it/y9iq7yuelyx61.png?width=538&format=png&auto=webp&s=46ec06b20c10193acac8c01300d1c7970bf79c16) + +[from WardenLine ENDGAME MOAW DD. ](https://preview.redd.it/fawsvphtmyx61.png?width=1225&format=png&auto=webp&s=f31b3404b97d864751148a0898e6e18e3b9a69c1) + +To ruin this trend they would need to sink Gamestop below **150-140** and decrease it's price daily over a month, but I don't see APES letting it happen because all we know is BUY+HODL 🚀. + +[Kenny G wet dream](https://preview.redd.it/zs58s9thoyx61.png?width=380&format=png&auto=webp&s=dbeacc76fc214a130d7e508bbc1871089f66b651) + +# + +# PART 3 : Elliot Wave Theory + +In his latest upload titled [THE MOASS IS COMING](https://youtu.be/riDSUjSdixA?t=199) pro trader **Trading Sciences** explain why he thinks we are in complexe correction in regards to the Elliot Waves and gives possible scenarios as to where our beloved stock could land in the next few months, but he seems conviced that a price between **800$-2100$** is a possibility in the near future. This seems to in sync with my theory about our trendline, where over a few months **the stonk** will just slowly rise up despite hedge funds best effort to keep it down. + +[800$+++ Target price](https://preview.redd.it/gd9el5d1ryx61.png?width=1218&format=png&auto=webp&s=8d952d148d7e3e93b68f5b4a48f4c140cce21f6c) + +# PART 4 : Options / Gamma Squeeze / MOASS + +As far as Options goes nothing has really changed since my last post, things are still looking super bullish. Here's why; From 200$ up, Hedgies are massively exposed due to the ammount of synthetics shorts and the insane number of call options at the **200/300/400 and 800** strike price. As of right now Gamestop has a ***40%*** chance of trading above **800$** in july. Explanation in the [video](https://youtu.be/riDSUjSdixA?t=629) starts at 10:30. + +&#x200B; + +https://preview.redd.it/cab1v2i4vyx61.jpg?width=632&format=pjpg&auto=webp&s=cc219b5c647a9bf31875ab672c821bfb9eadce95 + +**TLDR** : **BUY + HOLD** and vote !!!! , no but seriously all you have to do at this point and wait for the **inevitable** to happen I strongly believe that very soon Gamestop will break out. I will personally buy more in a few weeks and consolidate my xx @ 150. In regards to all the information in this DD, I believe we've been Bullish and on our way to the moon ever since DFV last tweet, he knew. Love you all and I hope you enjoy this post. + +# 🚀 +**Final Edit: Just so this is seen first before anyone misinterprets my post as my knowledge evolved over the process of the thread. This was entirely my fault due to screwing up with my security, not anybody elses. I fucked this up due to not knowing how to set it up properly and was easy prey. I"m sorry to Mt.Gox for ever implying that they were responsible here. I left my original post as I don't want to cover up what I wrote, but I was wrong, and was totally at fault for this happening (aside from the thief obviously). I want to thank everyone who taught me how to be more secure, and I'll be back once I've done all the things you said.** + +So those of you who don't know me. I'm a nerdy girl who mines bitcoin/altcoins and is poor. A few weeks ago I decided I was going to camwhore for the bitcoin community on /r/girlsgonebitcoin in hopes of getting some tips and paying for my groceries. + +After a week, I realized that if I wanted to make any money with bitcoin, I needed to have some guts, and so I took my savings account money and went to a drugstore and sent cash to mtgox via zipzap/moneygram. The money was depositied fine into my account where it sat happily for weeks awaiting a good day to buy bitcoin. + +Having read horror stories, I installed 2 factor authentication via google authenticator tied to my cellphone on my gox account and all other accounts I have. I also keep my bitcoin wallet encrypted and stored in a non-typical directory inside a truecrypt container. I'm not a stupid girl. + +This morning I awoke to an email from Mt.Gox letting me know there had been a withdrawal on my account. While I logged in yesterday, I didn't withdraw anything. My account had been used to purchase a little over 4 bitcoin, emptying it completely, and then sent the bitcoin to a vanity address. + +My bitcoin wallet address is the same address I have always used when camwhoring on r/girlsgonebitcoin. Feel free to examine it. The vast majority of the btc in that wallet came from two large deposit purchases of bitcoin via my own cash. Pretty much anything over 1btc incoming I bought in cash, and the smaller ones came from tips. Thus far I haven't seen anything wrong with my wallet. It seems safe and secure: +https://blockchain.info/address/1669nJLncdiyuwRYmBfk4D6qF4Dibz7GjQ + +The bitcoin address that was used to transfer the bitcoins out of my account was this taunting one (1 Lulz): + +https://blockchain.info/address/1LuLza3QfbXP3GcABCe86MYSAy9jDq3DRm + +Gox gave me this message: + +There has been a withdrawal from your Mt.Gox account: + + + +Transaction reference: 50a9344e-d627-4996-9cea-4db442acaaae +Date: 2013-05-13 09:22:02 GMT +IP: 171.25.193.20 + +I immediately contacted them letting them know I did not authorize this transaction. They replied with this: + +Hello, + +Sorry for the inconvenience.Please change your email address password and Mt.Gox password immediately. Please do not use the same username and password on different services. You can use the Yubikey or Software Authentication on our Security Center to further secure your accounts. + +Please file a police report in order for the police to investigate the case and make an effort to retrieve your funds. We will cooperate with the police authority in providing the necessary information for the investigation, but we are unable to reimburse any stolen funds. + +Thanks, + +MtGox.com Team + +I replied to them: + +I have software authentication via google 2ndary authorization on my account already.I also have a unique password for GOX. + +I got no reply, so I messaged again: + +Well? Whats the story? My account should be secure, I'm behind the extra authentication and I have been verified. You're telling me that isnt enough? + +They replied to me: + +Hello, + +Thank you for the email. I can see that the BTC has been bought for $480.05000 and withdrawn on Mon 13 May. I see that the withdrawal have already been processed. Kindly refer to the below link and process withdrawal can not traced or stopped. + +https://blockchain.info/address/1LuLza3QfbXP3GcABCe86MYSAy9jDq3DRm + +Please contact us back for further assistance. + +Thanks, + +MtGox.com Team + + + ~~I cannot fathom how this was possible unless my money was either stolen by an insider at gox, or someone managed to hijack my login instance/remote into my computer while I was logged into gox. The bitcoin is still sitting in the vanity wallet that it was transferred to. I plan on keeping an eye on it and seeing where it goes, but I doubt I'll ever see a satoshi of it again.~~ + + + +**TLDR** + + +~~In any case, someone managed to steal all my money from gox despite 2-factor authentication. Gox basically doesn't give a fuck. I will update this if they change their tune, but I somehow doubt they will help me.~~ + +~~Let my misery stand as a warning. There has been lots of talk lately on bitcointalk and other forums about money dissapearing from sites like mtgox, vicurex, and even wallets. I don't know what to advise beyond doing what we all thought to be sufficient, but take every possible precaution so you don't end up losing all your money like I did.~~ + + +**Last Edit before bed: Somehow an API key was put onto my account and that was used to do the withdrawal. I do not know when this occurred. I never set one up and literally had no idea what it was until I was told to look for it. If it was done prior to my 2FA it was done literally right after I made the account as it was empty for a week or two before I made the cash deposit. If it was done after, I probably was busted by some exploit. Some other commenters in the thread found unauthorized API keys with full access set up in their accounts, so I suggest everyone take a quick look at your gox/ect and be sure that there isn't anything unsavory that has slipped in before its too late. THANK YOU to everyone who gave me computer advice. I clearly have a lot more to learn, but when I come back, my computer will be far more secure, and I suspect will be dual booting linux and windows with all my bitcoin dealings on the linux side fully encrypted.** +Hi guys, + +Im working part-time at a club and earn the minimum wage rate. + +Management has this policy of a “cut off period” which is 30min after closing(3am), meaning that we are not paid beyond 3.30am + +This happens despite us having worked til 3.45am and sometimes beyond 4am. + +I am wondering if this is common practice? + +Thanks in advance.. +My partner and I are separating and have to sell the house but we're currently halfway through so renovations. How would this effect the resale value and is it worth finishing them so we can walk away better off financially +Young investor, looking to park some money away in safe place for a few years with some decent returns. My strictly stock portfolio possesses below holdings: + +Costco (25%) + +Apple (25%) + +Amazon (15%) + +P&G (10%) + +McDonalds (7.5%) + +Google (5%) + +Alibaba (5%) + +Paypal (2.5%) + +Microsoft (2.5%) + +Boeing (2.5%) +Gold futures rallied on Monday, sending prices up by more than $80 an ounce, or 5.6%. That marked the biggest daily dollar climb for the most-active contact, based on records dating back to 1984, and largest one-day percentage rise since March 2009, according to Dow Jones Market Data. Weakness in the dollar, which dropped in the wake of the Federal Reserve’s decision to purchase an unlimited amount of Treasurys and securities to support the financial market, provided a boost for the precious metal. April gold GCJ20, 5.059% rose $83, or 5.6%, to settle at $1,567.60 an ounce. + +https://www.marketwatch.com/story/gold-gains-more-than-80-an-ounce-to-mark-largest-daily-dollar-climb-on-record-2020-03-23?mod=home-page +I went to the ER for a sexual assault and my insurance company paid 0 dollars and I was billed the entire amount. I checked the mail when I got off work and it’s too late in the day to call them and honestly I’m extremely anxious that’s more than half of what i make in a year. Does insurance not cover sexual assault care? I’ve been to this Er before with my insurance and I wasn’t charged but in this case I am. I have Blue cross blue shield of SC and honestly I don’t know what to do someone please help!!!! +[https://www.hsbc.co.uk/savings/products/online-bonus-saver/](https://www.hsbc.co.uk/savings/products/online-bonus-saver/) + + The Online Bonus Saver account gives you a variable interest rate of up to 3.00% AER / 2.96% gross (including bonus interest) for any month you don't make a withdrawal. +Currently I have four employer DC pensions from various jobs I've had over the years. + +*Pension 1: £32,000 (Annual Management Charge - 0.85%)* + +*Pension 2: £45,000 (Annual Management Charge - 0.16%)* + +*Pension 3: £21,000 (Annual Management Charge - 0.47%)* + +*Pension 4: £13,000\* (Annual Management Charge - 0.24%)* + +\*This last one is with my currently employer and I am actively contributing to it. + +I also have a DB pension from an old job, which will provide a lump sum of £10,000 or so at retirement, plus £2,000 annually (this will increase with inflation until I retire). + +The 4 DC pensions are all mostly in Global Equities. + +My current employer will 2x match my contributions, up to a maximum of 7% (i.e. I pay 7%, they pay 14% = 21% total). My contribution is done by salary sacrifice. Currently, I pay 4% and they pay 8% for a total of 12%. I'm planning on increasing this to the maximum, but can't make any amendments until June (I've been in this job around 18 months, I know I should have gone for the maximum straight away, but I needed the take home pay to pay some urgent debts that have now been cleared). + +My question is, should I just leave these 4 pots separate? Or is it worth combining them? Pens 1 & 2 are both with Scottish Widows, Pen 3 is with Legal & General, and Pen 4 is with my current employer's own scheme (I work in the finance industry). + +**Question:** Other than maxing out my current contributions to take advantage of the 'free money' from my employer, is there anything else I should change? + +**Background**: Age 39 - Married - No kids (and no plans for any) - £110k salary. Note, I've had severe financial trouble in the past, so I'm probably a bit behind where I should be, but I'm trying to put things right :-) +So many people just get stuck on the fact that bitcoin is intangible. But I say thats a good thing. Just like you cant hold what you cant see, you cant confiscate what you cant see either. + +I got on a flight with my seedphrase on me and there was absolutely no way anyone couldve known about my bitcoin. There isnt a single asset that couldve let me do this freely. + +Sure there are shitcoins and stablecoins. Other than them being centralized, they arent even built to be money. They are all promises or straightup monopoly money. + +My conviction about bitcoin is higher than ever and even if people dont like bitcoin now, they will surely need it as some point in their life. And it might be too late then. + +Ill continue to buy all the bitcoin that the paper hands sell to me. + +P.S : This is a throwaway account. Youll have to do a "trust me bro" on this story. Sorry. +With all the drama and debate around the credibility of exchanges holding your crypto, exchanges have now released their own proof of reserves to gain trust and assure customers that they have enough crypto for their needs but one trend is clearly saying otherwise. + +The bitcoin supply on exchanges has just fallen to a new low since April of 2018, when the BTC price was just $6.9k and there were millions of fewer users on exchanges. + +&#x200B; + +[Chart from BTC\_Archive on twitter](https://preview.redd.it/wtdhnryfg50a1.jpg?width=1199&format=pjpg&auto=webp&s=0d926a11ef8caa395669cf87cf802bfccc7eb886) + +This trend clearly suggests that overall exchanges are having fewer and fewer crypto and its obvious that this is not proportional to the rising user numbers. So at one point many exchanges wont have enough crypto let every user withdraw in other words are not holding their assets 1:1 as hoped. + +Now we got a lot of proof of reserves suggesting that some exchanges indeed have good balance sheets but trusting those reports is an other question. ANd to be honest I would personally not want to take that risk with my money and be on the safer side by not having most of my crypto on exchanges and only have some there for trading actively or in the process of converting to fiat. +I am trying to wrap my head around the federal reserve and how it deals with inflation and debt. Does the federal reserve “like” inflation? It would seem to me that it should and shouldn’t. If the fed is in debt, shouldn’t it “want” inflation in order to lower the value of the debt it has to pay back? But the fed is also suppose to “control/manage” inflation so that seems like a pretty weird love triangle. And lastly, is the federal reserve in debt? How does debt work with the federal reserve and who are they in debt with and how are they in debt? + +I have some pretty surface level knowledge and understanding of the federal reserve but trying to understand its motives for the things it does has been very confusing so thank you to anyone who can shed some light on these questions! + +Anything else that anyone thinks is worth mentioning, like how these things effect markets etc… please share, it doesn’t have to be directly related to what I was questioning as there are so many things that I don’t understand enough to even ask the right questions on +No one cares about your zeta, delta, feta, beta shit. Those aren't even real words and they have nothing to do with trading options, just pick a stock with a cool sounding ticker and pick up some FDs. Dont pretend like you actually have a clue if it's going up or down just pick a random call or put and hope you win. Also fuck the names call and put, I'm not calling anyone when I buy calls and I'm not putting anything anywhere when I buy puts. Petition to change their names to "Uppies" and "Downies" way more straightforward/ and I wouldn't have had to waste so much time reading about what calls and puts are. +Fellow apes, I emailed Vanguard last week to inquire about proxy letters for $GME since I had not yet received mine. Their reponse this morning said proxy materials will be sent out the first week of May. + +So we may have another couple of weeks to buy the dip. + +Also, someone posted a link to Black Rock's site this morning saying they always vote. Here tis: [https://www.blackrock.com/corporate/literature/fact-sheet/blk-responsible-investment-faq-global.pdf](https://www.blackrock.com/corporate/literature/fact-sheet/blk-responsible-investment-faq-global.pdf). + +EDIT: Someone in the comments mentioned Black Rock didn't vote last year. I have not verified. Regardless, their site says "We aim to vote at 100% of meetings where our clients have given us authority to vote their shares, and therefore vote atapproximately 16,000 shareholder meetings in approximately 85 markets each year." + +&#x200B; + +https://preview.redd.it/09853e44lcu61.jpg?width=707&format=pjpg&auto=webp&s=abe8a221a98bed3b35b5574a6a8a9f356d2f2257 +You need to understand something before you read this. I have a lot of wrinkles, unfortunately they're on my balls and not on my brain. + +[lhatekale](https://old.reddit.com/user/lhatekale) pointed out that someone had sold a lot of put contracts today way in the money at a $300 strike price **45 minutes before close and they expire tomorrow**. So, I did the math to see what it actually cost the purchasers of these puts and was surprised to learn that they had made money by market close. 800 put contracts with a purchase premium of $76. + +https://preview.redd.it/6zvn1jlxfx571.png?width=927&format=png&auto=webp&s=8c63f0dc1a385c9a031e70085871acb4cc392159 + +Value of shares @ $300 strike: 80,000 shares X $300 strike price = $24,000,000 + +Value of shares @ todays close $223.59: 80,000 shares X $223.59 = $17,887,200 + +Actual value of the puts: $24,000,000 - $17,887,200 = $6,112,800 + +Premium to buy 800 puts @ $76 : 80,000 shares x $76 premium = $6,080,000 + +Profit the buyers of these puts would have made at market close: $6,112,800 - $6,080,000 = $32,800 + +&#x200B; + +This didn't make any sense to me. Why would someone sell these puts in the last 45 minutes knowing selling them alone will bring the price down and make them profitable. You're basically giving away money. If the price goes any lower tomorrow the seller's losses will be even more. Maybe they are just selling the contracts to themselves but they were on the market for 40 minutes before someone scooped them up. If I'm not mistaken these major option contracts are almost always created by Market Makers. Since GME is on the NYSE they have only one MM known as a DMM and that's Citadel. + +I've been trying to figure out why they would do this. + +1. To hide their FTDs and kick the can down the road. This isn't kicking the can very far, just a day and they have always used way out of the money puts to do this that cost just a couple cents per contract. +2. To drop the price. These contracts didn't drop the price very much maybe 80 cents and we all know they drop the price all day everyday without selling crazy put contracts like these. +3. Because they want to buy shares off the market without making the price go up. Everyone's heard of a Market Maker, but have you heard of a Designated Market Maker? On some exchanges you have a MM, multiple companies responsible for all the stocks on the exchange. The NYSE has a DMM, one company manages the stocks they are assigned. Citadel is the DMM for GME and the majority of the stocks on the NYSE. The main purpose of a MM is to insure market liquidity, they are responsible for the order flow. What happens when there are more buyers than sellers or more sellers than buyers? The MM steps in and makes sure that all orders are filled, it's their main purpose. If there are more buyers than sellers they will fill these orders with a temporary short sale and when they can find the share on the market they will purchase it and SEC REG SHO says they have a maximum of t+35 days to deliver that share (bullshit). This would normally make the price go up because there are more buyers than sellers and the price going up would bring in more sellers. Now imagine you're a DMM, you've shorted the fuck out of a company planning on it going bankrupt, but this backfired and the price is 45X what you shorted it at. You're still responsible for market liquidity, but all the shares of the company you shorted have been bought up and the buyers refuse to sell. You have to figure out a way to make sure all orders are filled when no one is selling their shares and the price doesn't go up. Since you're a MM you have that ability to temporarily sell a share short (naked short). So, your only option is to fill every order with a share that you do not have and can not get. So, how would you buy shares off the market without raising the price? Maybe you could pay people a premium to sell their shares to you through put contracts. But wouldn't that person just go to the market buy those shares and sell them to you? Not if the put contract expires in 24 hours. If they went to the market and bought those shares they'd have to wait t+2 before the transaction settled before they could sell those shares and by then the put contract would have expired, so they can only sell you shares they already have. What's stopping them from just selling the shares they already have to you and then just buying shares to replace them off the market. Nothing, as long as they already have the cash in their account and how many people have cash just sitting in their account. One major flaw I have with this theory is that of all the in the money put contracts I looked at there might have only been a 1,000 contracts worth maybe 100,000 shares. This doesn't really fix their issues. Plus, they only have this opportunity once a month when options expire. Unless they've been doing this with weekly options as well, I haven't looked. So, if they try and sell a lot more of this way in the money contracts tomorrow then maybe this theory holds up, but I doubt it. + +These are the theories I've come up with and none of them are a great explanation. I'm hoping if we work together we can figure this out. If you see any mistakes let me know. + +&#x200B; + +Edit: Words. Plus, I'm not sure if I said these puts expire tomorrow... +So I had a lot of money in my GME stock, it crashed today yes around 11:30 or so, and RBC sold my stock during the upswing of the crash for $167. I did not want to sell. Nor did it reach anywhere near my sell limit of $100. Now the stock is almost $350 in the aftermarket trading like we all knew it would be. + +What can I do? I lost out out tens of thousand of dollars, and none of it was my fault. +Hi all, I’ve recently come into a lot of money and plan on making a big investment to stow away and not touch until I plan on retiring. I’m a gov employee and have a good pension. Making about 80k a year. + +Any opinion on what the best ETF will be to invest in for my situation? + +I already have one in mind, but I wanted to hear from this subreddit. + +Thank you! +hello, i conducted a small analysis of the entire NYSE (roughly 2500 companies) for which data was available from yahoo finance (using python programming language). i was mainly interested in which sectors or industries are doing worst/best since covid (in the past year). + +basically what i did was assign each company a ratio based on its stock price relative to previous year high/low, and then sorted all stocks. i then counted how many times each a stock in a given industry appeared in the top 300 companies (near 1-year high as of friday Nov 20), or the bottom 300 companies (near 1-year low as of friday) + +here are the results: + +**industries with stocks near all time highs (top 15 only):** + +('Asset Management', 56) + +('Specialty Industrial Machinery', 18) + +('Software—Application', 13) + +('Shell Companies', 11) + +('Packaging & Containers', 9) + +('Auto Parts', 9) + +('Software—Infrastructure', 9) + +('Specialty Chemicals', 8) + +('Auto Manufacturers', 7) + +('Engineering & Construction', 7) + +('Rental & Leasing Services', 6) + +('Medical Devices', 6) + +('Farm & Heavy Construction Machinery', 6) + +('Capital Markets', 6) + +('Internet Retail', 5) + +**and industries with lots of stocks near all time lows (top 15 only):** + +('Oil & Gas E&P', 30) + +('Asset Management', 24) + +('Oil & Gas Equipment & Services', 23) + +('Oil & Gas Midstream', 21) + +('Banks—Regional', 15) + +('Shell Companies', 14) + +('REIT—Retail', 13) + +('Marine Shipping', 11) + +('Oil & Gas Refining & Marketing', 10) + +('Telecom Services', 9) + +('Aerospace & Defense', 7) + +('Oil & Gas Integrated', 7) + +('REIT—Office', 6) + +('Utilities—Diversified', 6) + +('REIT—Mortgage', 6) + +&#x200B; + +note - i haven't normalized these counts by the number of total companies, for example asset management is near the top of both lists, presumably because there are a ton of asset management companies in they NYSE. + +i was a bit surprised by some things like specialty/industrial machinery and auto parts doing so well, and regional banks/telecom services doing poorly. + +let me know if you have any comments or are interested in the python script i used to generate these results, or if you would like to see more results! + + +I wanted to share with the group some due diligence and speculation I have done around Gamehost (TSX: GH). I want to start by saying that this is not a situation where you urgently need to buy this right now and ride up a wave, there will be no rocket ships on this post and I strongly encourage you to perform your own due diligence and see if you want to buy this stock. This is an extremely low volume stock and if you rush to buy it, the price will go up far past the supply of sellers. I do not intend to pump this but only to get critique. + +Gamehost is an owner and operator of 3 casinos located in Alberta, 2 hotels in Grande Prairie and a retail store rented to a liquor store near one of the casinos. The 3 casinos are: Boomtown Casino in Fort McMurray, The Great Northern Casino in Grande Prairie and the Deerfoot Inn and Casino in Calgary which they own 91% of currently. + +As you probably guessed by these locations, the casinos are cyclical and make a lot of money when oil prices are up and go through downturns when prices are low and projects stop. All 3 casinos are not destination type casinos like you would find in Las Vegas where people come from all around to visit, but are very reliant on their local communities. The Boomtown Casino is the only casino in Fort McMurray and the Great Northern Casino is the only proper casino in Grande Prairie with a much smaller limited one in town. The Deerfoot Inn and Casino is 1 of 7 (yes, 7!) casinos in the Calgary area. It primarily focuses on the Southeastern portion of the city and the surrounding suburbs and still serves a market of about 200,000 people in just that area. All 3 casinos are also very focused on live events and have become gathering points for live events and nights out for their communities. + +Although all 3 casinos have been affected by oil downturns all 3 communities they serve have much higher median income than the country as a whole. The casinos have remained profitable throughout the entirety of the oil downturn and despite a dividend cut in 2016 they have still paid a consistently strong dividend until the COVID-19 pandemic (more on this later). Grande Prairie’s economy is more focused on natural gas extraction which has been consistently profitable. Calgary as a major city does have a diversified economy as well which leaves just Fort McMurray to be the lone straggler in dealing with oil prices. No new casinos have been built in Alberta since 2006, which has left people still coming to the doors of the casinos regardless of the economy. All three cities have seen consistent population growth greater than 10% from 2016 according to Statistics Canada’s estimates which is far greater than the national average. People are still coming to these cities and are still making a fairly high wage compared to the average Canadian. + +The second thing that has likely come to your mind is why casinos when they have been shut down during the pandemic? As the vaccine is currently being implemented the orders will not last forever. When the casinos have been opened even with reduced services, they have remained profitable and the management has responded by using the pandemic as an opportunity. They have been consistently buying back thousands of shares every day and cancelling them. If you look at their SEDAR profile you can see that they have not missed a single day to cancel at least 2,000 shares per day. Since the company had 24.5 million shares issued, they have bought back about 1-2% of the float so far which has made the stock even harder to buy on the open markets due to the lack of volume. They have also been approved to expand the operations of the Deerfoot Inn and Casino which should be completed by the summer. The insiders have followed by accumulating many shares in their personal accounts over this period of weakness. + +In the third quarter of 2020 the company posted EPS of 12 cents per share down from 16 cents a year ago. Revenue was down to $4.9 million from $6.7 million. This is with severe restrictions and limitations on the amount of people that can come in the casino and what they can do. All live events were cancelled, table games were restricted and yet the company was still making enough money to buy back significant shares and improve their existing assets. The management has essentially channelled the dividend into making the number of shares decrease in a time of strong price weakness. + +There is interest in this space since the largest casino operator in the country Great Canadian Gaming was acquired recently for almost double what they were trading for in the spring. Private equity firms have been looking into casinos as a post-recovery play. Unlike companies in airlines or movie theatres, these do not have significant issues staying profitable during intense downturns, they only become less profitable with a sudden surge afterwards. + +I am speculatively buying this stock on the idea that as COVID-19 restrictions are gradually lifted there will be an awkward window where people will be back almost to normal within Canada and will have a strong urge to go out and do activities that they have been restricted from doing for months. At the same time they will be unable to travel internationally due to different countries having different vaccination schedules, planes still operating at reduced capacity with many airlines being in trouble and governments being reluctant to remove limitations abroad. This will significantly bring business to casinos and other live event focused businesses within Canada. I anticipate that in the 12 months past restrictions being lifted that the business will see a significant bump in EPS. They will reinstate the dividend and the share price will grow significantly. My personal price target is $12 per share but I could see it being anywhere from $10-$15 per share. This is without oil prices budging at all. + +In the long-term the price will be cyclical based on oil prices unless they start diversifying geographically. It is extremely difficult to get a licence to open a casino, which leaves the company with the only option of acquiring other casinos. This is a possibility down the road but something I will look more into once I see a significant bump in EPS due to increased demand. + +I do believe that in the current market with the price having barely recovered from the March lows, that the stock is a very good contrarian play in the 12-24 month range. Holding after that could potentially be risky depending on your own views on how the oil industry will play out and if the management has what it takes to diversify. Online gambling is an even longer term threat but since these casinos are focused on live events and have become a staple of the communities that they are in, this is not likely to be a threat for some significant time. + +Please let me know what you think, feel free to criticize. If you guys like my analysis I could do more on other small or mid cap companies. There have been a few I have kicked myself over missing. +This is a quick update and reminder of the fact that tomorrow's data is used to see which stocks meet the qualification criteria *to be considered* for inclusion for the December entry of the S&P 500. + +I've rehashed some old text from a post flagging up a changing when they do this calculation as I pretty much used up my brain's word count for the month - so apologies if the second half looks too familiar to any Knights of New out there. + +&#x200B; + +Criteria needed to be considered by the committee: + +a company should be a U.S. company ✅ + +have a market capitalization of at least USD 11.8 billion, ✅(need to achieve a stock price of over $155 tomorrow for this to hold true) + +be highly liquid, ✅(I can't find a measure on this exactly. Apple had a 0.5% volume v float yesterday and GME managed a 1.7% of float and according to this article, Apple is considered one of the most liquid stocks in the S&P [https://insights.issgovernance.com/posts/liquidity-behavior-in-the-sp-500/](https://insights.issgovernance.com/posts/liquidity-behavior-in-the-sp-500/)) + +have a public float of at least 10% of its shares outstanding, ✅ + +and its most recent quarter’s earnings and the sum of its trailing four consecutive quarters’ earnings must be positive ⏳⏳⏳ + +\--------- + +Beyond this point is pure speculation - and why I'll be refreshing the corporate news page on GameStop next Wednesday looking for an announcement of the earnings report on the following Wednesday (1st December). + +So hear me out here. + +This is what GME's earnings had looked like up to the last report: + +https://preview.redd.it/aa07ybm2gc081.png?width=1658&format=png&auto=webp&s=d63e8ccc72a2df75b15e5ddf8246b394bc163941 + +The sum of the EPS (basically the measure above) is -0.4. But Q4/Q1/Q2 (the most recent three) sum up to +0.13 EPS. So if the Q3 earnings are positive, then the trailing four consecutive quarters earnings are POSITIVE and, by its very nature, the most recent quarter is POSITIVE. So we gain a big ✅ against the final part of the criteria. + +But what about timing? + +Q3 has closed, but results are not yet announced. + +S&P use the data available on the 2nd before last Friday of the month before the balancing announcement (18th November in this case). There is no way that GME will announce their earnings before then BUT they could have finalised their report by then. And they could share it with the S&P committee as confidential information. + +It is expected that GME will publicly announce their Quarterly earnings on the 12th December BUT this is not set in stone. S&P500 rebalancing is announced on the 3rd December after some recent tweaks to dates [https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20210902-1443000/1443000\_spasxreferencedatemethodologyupdate9-3-2021.pdf](https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20210902-1443000/1443000_spasxreferencedatemethodologyupdate9-3-2021.pdf) + +https://preview.redd.it/torpka34gc081.png?width=1374&format=png&auto=webp&s=d2a91f2c8927dfa6adb5e701e07bfaba8aca0f1c + +SO GME could share their positive profit news with the committee before the public announcement AND THEN publicly announce their earnings after market close on the 1st December (they have done it this early previously in the following month - and they always seem to do it after hours on a Wednesday), catapulting them into a whole range of ETFs and investment providers portfolios, that would have previously not been able to touch them. + +All of this is speculation and I don't know what would happen to the stock price with a massive influx of buying pressure, so do not take this as any type of financial advice. + +But it does make me like the stock even more. +&#x200B; + +https://preview.redd.it/ltafulxf2qm61.png?width=400&format=png&auto=webp&s=ae93ec64ec0c8db60c19536b0714b2e184d5c065 + +Ok, this DD is to analyze what apes could've done better, and how to address it + +"***The stock will hit 300 they said... we have volume behind us they said... buy near ITM calls they said."*** /u/baturu + +[https://www.reddit.com/r/wallstreetbets/comments/m3re9y/the\_stock\_will\_hit\_300\_they\_said\_we\_have\_volume/](https://www.reddit.com/r/wallstreetbets/comments/m3re9y/the_stock_will_hit_300_they_said_we_have_volume/) + +https://preview.redd.it/yepmphzd2qm61.png?width=960&format=png&auto=webp&s=4c85964a864ce5531256d548417fde8c5bf6ce2e + +I've just noticed the OP of that lost porn did send me a pm, but I didn't reply.(my bad) + +To be clear, here's a quote from my Donkey Kong DD, Monday Morning 3/8 + +"***🦍 🦍 🦍 optimize your stimmy 🍌🍌🍌, $GME gamma squeeze calculator update"*** + +[https://www.reddit.com/r/wallstreetbets/comments/m0eeav/optimize\_your\_stimmy\_gme\_gamma\_squeeze\_calculator/](https://www.reddit.com/r/wallstreetbets/comments/m0eeav/optimize_your_stimmy_gme_gamma_squeeze_calculator/) + +>The 3/12 270C, if apes were to buy one contract, 3.04 x 100 = $304, then MMs would need to hedge 0.137x100x137.74 = $1882 worth of shares to remain delta neutral +> +>Giving an amplification factor of +> +>1 🍌 -> 6 🍌 +> +>***OTM calls like these might be fine for YOLO-ers 🦍 , but carry very high risk of 🦍 loosing all 🍌, if 3/12 closing price ends below 270. A safer way for 🦍, would probably be ITM calls, somewhere around the 100-110C strike price*** +> +>This would still gives 1 🍌 -> 3 🍌 in delta hedge amplification + +The 270C 3/12 was then quoted by the Forbes article on gamma swarm, Wednesday Night 3/10 + +[https://www.forbes.com/sites/georgecalhoun/2021/03/10/gamestop-the-second-surgeanatomy-of-a-gamma-swarm/?sh=6af3a3a64225](https://www.forbes.com/sites/georgecalhoun/2021/03/10/gamestop-the-second-surgeanatomy-of-a-gamma-swarm/?sh=6af3a3a64225) + +>Imagine that a swarm of, say, 10,000 members, each invested $1,000 in GME $270 call options for Friday March 12. The March 9 cost of the option is $24. If all option sellers hedged, it could drive perhaps $100 million of share volume, at the then current prices. +> +>... +> +>A naked March 12 call option with a strike price of $270 would have exposed the seller to a loss of $56 a share. It is highly likely that the sellers of such options would have allowed themselves to be exposed to this risk. They would have covered, hedged, by purchasing shares – adding to the surge. Gamma power!\] + +What most of you degenerates did was this instead + +>800 -207.69% 0.4 0.41 0.41 0.41 -1.93 -82.48% 27,536 29,496 0.93 860.47% Call 3/11/2021 +> +>800 -202.46% 0.01 0.01 0.01 0.01 -2.33 -99.57% 76,466 36,239 2.11 615.31% Call 3/12/2021 + +G'damn degenerates piling into the 800C 3/12; Look, that far OTM have too low delta to trigger MMs forced buying. 🦍🦍🦍, is not every day you can trigger the gamma squeeze, some brokers are even actively trying to block it as seen by this post from an ape being blocked buying calls and puts by his broker of fear triggering a gamma squeeze. + +***"🛸🛸🛸Tinfoil Hats Required 🛸🛸🛸"*** u/Heavy-Ad-2498 + +[https://www.reddit.com/r/wallstreetbets/comments/m3yews/tinfoil\_hats\_required/](https://www.reddit.com/r/wallstreetbets/comments/m3yews/tinfoil_hats_required/) + +>In both cases, I was LITERALLY told by my brokerage ON A RECORDED LINE that the decision was made to protect the Market Makers from having to hedge and in turn causing a gamma squeeze???? + +They are trying to limit new 0DTE options writing to prevent gamma squeeze on OPEX, but most brokers should still allow you to buy weeklies on $GME. + +Looking at this graph, the Calls OI falls dramatically after 3/19 + +https://preview.redd.it/68ultrl34qm61.jpg?width=755&format=pjpg&auto=webp&s=2fdcd61bd77cda27ed76e7f7b7e2a54aaf6e0c25 + +and with it the gamma amplification affect. With the 3/12 gone, that's almost 30% of the calls OI, but you still have 3/19 that accounts for another 30% of calls OI. The stimmy should be hitting your bank account in the next few days, there's still a chance for gamma. + +I have no opinion on the short interest, maybe hedgies covered, maybe they printed shares out of thin air, I don't know. But they have been increasingly shorting via puts this past few weeks, this helps the gamma squeeze a bit though not as much as calls. + +https://preview.redd.it/3rut9av74qm61.jpg?width=685&format=pjpg&auto=webp&s=64f835a0daa0f4f1236f9b5302458a4b2ae21afc + +The graph shows that hedgies think 🦍🦍🦍 attention span is limited to a few months a best, and they are betting heavily $GME will fall within a few weeks from now. + +Here's some graphs courtesy of /u/HAVE__A_NICE__DAY, she's an ex hedgies quant who needs karma to post, if u like her graphs upvote her comments.\\ + +https://preview.redd.it/4yahdek94qm61.png?width=533&format=png&auto=webp&s=04baf8fe07260d2a5468a9c84bf8f7ac96e1f7c4 + +^($GME Price probability based on IV) [^(https://imgur.com/a/gyN0nsA)](https://imgur.com/a/gyN0nsA) + +^($GME IV Put/Call Inversion on long dated options) [^(https://imgur.com/a/HjvbyJx)](https://imgur.com/a/HjvbyJx) + +According to her : "blue is the implied vol from puts, red is the implied vol from calls; higher IV means it's trading at higher premium, so puts are more expensive as you go further out in time. **so in the near term, puts are cheap because hedgies are too chicken to buy puts even thought they think the stock is <50 then in the medium-long term (july and onward) calls vs puts premiums flip because hedgies are buying more long-dated puts"** + +I can't comment on the business transformation, I'm not an e-commerce expert, I don't know what it would take for $GME to compete with steam and etc. What I do know for sure is that, if $GME is bought by X% of float net buy EOD, share price will close up Y% EOD. You can amplify your share buying effect by buying calls at SPECIFIC STRIKES AND EXPIRIES. If you bought shares, it would take around 355 MM USD of net buy inflow to raise the price by 20% EOD, with ITM(safer)/ATM calls and the gamma amplification it would only take \~18 MM USD on the ITM/ATM calls 3/12 before 3/12 expiry. + +With the 3/12 now expired, the amp factor and general cascading gamma effect will be lower, around \~ 40 MM USD net ITM(safer)/ATM calls needed.(that's about 40,000 🦍🦍🦍 each with 1k 🍌🍌🍌) + +# TL;DR 3/19 would be the last significant gamma squeeze opportunity based on current OI,🦍🦍🦍 together strong, YOLO-ers ���🦍🦍 buying 800C not helping. + +**Edit 2 : From** /u/JunkTheRat + +>**NEW TRADING RESTRICTIONS On GME:** [TD AMERITRADE - RESTRICTIONS ON GME](https://www.tdameritrade.com/td-ameritrade-trading-restrictions-stocks.page) +> +>Opening orders on short individual options are not allowed with the exception of cash-secured puts or covered calls, which must be placed through a broker. +> +>If you currently own stock in one of these securities and wish to sell a covered call, you must do so with a broker. Please be aware that wait times to speak with a broker may be longer than normal due to current market conditions. +> +>If you have no position and wish to simultaneously buy stock and sell calls against it, you may enter it as a covered stock (buy/write) order online. +> +>We May Also Implement Additional Requirements On Opening Trades On Options That Expire 3/19. +> +>Above seems to back up [u/Heavy-Ad-2498](https://www.reddit.com/u/Heavy-Ad-2498) claim that they were told by their Broker on the phone that they were restricted from opening a new position in order to protect Market Makers from a Gamma Squeeze. + +**Edit 2: Add more pictures with colors from** /u/CalamariAce **since 🦍🦍🦍 no like read** + +https://preview.redd.it/fjt3hmw5trm61.jpg?width=1221&format=pjpg&auto=webp&s=1b5a0389d346a511aa36f9a2f5610787d05f0182 + +https://preview.redd.it/x1dq84z6trm61.jpg?width=1177&format=pjpg&auto=webp&s=f9a217eef41c94ec00e6263dd632ec9527ce1d96 + +**EDIT 3 : I see many 🦍🦍🦍 haven't grasped just how much power the gamma squeeze can contain.** + +Buying 1 Contract of 270C 3/12 on Friday afternoon 3/5 or Monday morning 3/8, at the price of 3-5USD per contract(100 shares) / $ 300 with **6x initial delta amplification** would have resulted in **42x amplification** value of shares delta hedged by MMs in Thursday or Friday open of about $13,000. Since the delta of the contract increased 0.12 to 0.49 and the share prices rose from 137 to 260-290 within that time. + +**Edit 4** : I'm not saying the short squeeze or a fundamental business transformations/earnings beat won't happen. What I'm saying is the best chance for another gamma squeeze is 3/19. +Please mention name of that book and your punchline (keep it short and simple). + +Mine is: "Think in probabilities" from Mark Douglas' Trading in the Zone +Were you married or have a family at the time? What made you want to relocate outside the US? What was the biggest difficulty? Was it worth it? Where are you now? +Most recent update: Edit 5: seems to have referenced this possibly? https://www.sec.gov/news/studies/2009/oig-509/exhibit-0292.pdf in the re? Talks about failing to get best execution in a case from 2005. I need a cup of coffee and I can try and read through it but it seems relevant. + +DD based on this tweet + +https://twitter.com/michaeljburry/status/1441484243389927428?s=21 + +Backup link + +https://twitter.com/BurryArchive/status/1441485742866243585?s=20 + +Rule 203.8 “service of subpenis issued in formal investigative proceedings shall be effected in the manner prescribed by rule 232(c) or the commissions rules of practice, § 201.232(c). “ + +Scion is being served a subpoena from a current formal investigative proceeding. + +~~That last rule reads “(a) Availability; procedure. In connection with any hearing ordered by the Commission or any deposition permitted under § 201.233, a party may request the issuance of subpoenas requiring the attendance and testimony of witnesses at such depositions or at the designated time and place of hearing, and subpoenas requiring the production of documentary or other tangible evidence returnable at any designated time or place. Unless made on the record at a hearing, requests for issuance of a subpoena shall be made in writing and served on each party pursuant to § 201.150. A person whose request for a subpoena has been denied or modified may not request that any other person issue the subpoena.”~~ this was not invoked sorry, c was. + +“(c) Service. Service shall be made pursuant to the provisions of § 201.150(b) through (d). The provisions of this paragraph (c) shall apply to the issuance of subpoenas for purposes of investigations, as required by 17 CFR 203.8, as well as depositions and investigations” + +Amongst a few things, just honestly look up the rule numbers and read em. Those just mean how he’s getting served and why. + +~~201.233 But does that mean gamestop could’ve subpoenaed him? Or is “party” someone else. I don’t believe this anymore lol am dumb~~ + +Edit: + +This is the overall hierarchy, this is above what I said earlier, but all of this applies because 203.8 is invoked. + +“17 CFR § 203.4 Applicatiability of §§ 203.4 through 203.8 + +(a) Sections 203.4 through 203.8 shall be APPLICABLE to a WITNESS who is sworn in a proceeding pursuant to commission order for investigation or examination, such proceeding being hereinafter referred to as a formal investigative proceeding” + +(b) Formal Investigative proceedings may be held before the commission, before one or more of it’s members, or before any officer designated by it for the purpose of taking testimony of witnesses and received other evidence. The term officer conducting the investigation shall mean any of the foregoing.” + +My opinion it was his large buy and sell maybe him testing the waters? Now they wanna have on record the evidence he found. + +Edit 2: + +“17 CFR § 203.5 Non public formal investigative proceedings. + +§ 203.5 Non-public formal investigative proceedings. + +Unless otherwise ordered by the Commission, all formal investigative proceedings shall be non-public.” + +That last one is just mean I know it’s an ongoing trial but I feel like we should see:( + +**Edit of post: I didn’t link the tweet like an edit** + +Edit of post two: it is my current belief that he is either the first witness or first witness to make it known to the public, but that means that the SEC has a legitimate formal investigation into the events around gamestop short fuckus, they are actively procuring witnesses. I believe that this investigation is NON PUBLIC meaning, at least for now all we’re gonna see and hear is what the good papa rc above tells us. + +if they’re getting scion as a witness color me and my tits jacked, are they actually listening to people with knowledge? Hopefully soon we’ll find out, but I wouldn’t be surprised if we find out by criminal charges being filed. This last edit is just speculation and my theory here but like, all the legos are on the floor and they paint a pretty clear picture in my head. + +Edit three: According to “17 CFR § 203.2 - Information obtained in investigations and examinations” all info and documents in the course of investigation or examination unless made a matter of public record shall be deemed non public BUT the commission lets officials from some branches clue in lower level employees if I’m reading that right. **I think the important wording here is “unless a made a matter of public record”.** + +**EDIT FOUR: Can someone take a look at “17 CFR § 240.24c-1 - Access to non public information” and tell me exactly how retail got fucked here? Like it looks like everyone and their dog can have access to no public info. Can any of the infamous criminal slackjawas have access to this? I think they are a (2) self regulatory organization right? Am I reading this right? According to a commentor it’s up to their discretion** + +Scary testifying or whistle blowing if the one who are cheating can see what’s goin on. + +Edit 5: seems to have referenced this possibly? https://www.sec.gov/news/studies/2009/oig-509/exhibit-0292.pdf in the re? Talks about failing to get best execution in a case from 2005. + +Update- I’m gonna chill here, I’ll still be replying but I feel like some apes out there should be looking here. I stuck my head into the blender for a lil too long and all that legalese makes my smooth brain wrinkle a lil. Kinda hurts so imma go back to watching baking videos and imma chill. I feel like it takes a fresh pair of eyes to make a new observation before I do anymore deeper research. I’m really worried about who can see the “non-public information” + +Edit 6: Happy Saturday I’ll keep updating when I find something relevant. +I see now that all residents in the Opal Tower residential highrise in Sydney have been forced to evacuate due to structural concerns - cracks and broken plaster.Possible foundation issues? + +Any impact on property sentiment, i think we may see more restrictions in bank lending in the vicinity in case more buildings have similar issues.I believe the tower is built on a floodplain? +I went to the ER (Kaiser). +Two weeks later I moved. +I had mail forwarding in place starting a few days before I moved just to be sure I didn't miss anything. +A few days after moving I went on vacation for three weeks, during which I had my mail held. +A week into my vacation I also changed my address with Kaiser over the phone. +I came home and got a bill from kaiser for the ER visit (I now see that a portion of the amount said past due, but while plowing through my 3 weeks of mail unfortunately I missed this detail. I also think a bill must have been lost somehow because I don't have a first bill, only one that says past due). +I mailed Kaiser a check immediately. +They cashed it. +Now exactly 2 months after going to the ER I just received a bill from a collection agency for the money I have already paid to Kaiser. +(Holy shit, that was fast. They couldn't call or something before sending it to collections??) + +I am going to call Kaiser tomorrow when their billing department opens, but is there anything else I should be doing? Is there a way to get this fixed so it does not impact my credit? Am I supposed to pay the collections agency immediately (it is not a large bill, I can pay it for a second time if I have to), or do I need to dispute it somehow? + +I am so happy this happened after my mortgage went through. I have heard many other reports of hospitals sending things to collections at the drop of a hat but this still caught me completely off guard. Thanks in advance for any advice! + +Update: I called Kaiser and they said they would take care of it since they can see it has been paid, but I only like 80% believe that they will actually fix it so I am going to also ask them to verify the debt using the "I do not owe this debt" version of the form letter linked below just to be sure. + +https://www.consumerfinance.gov/ask-cfpb/what-if-i-believe-i-do-not-owe-the-debt-or-i-want-more-information-about-the-debt-en-1403/ (thanks Padmewan!) +As the title says, two of my close friends are SO anti GME that they refused a risk free investment opportunity into the company. They know I'm an xxx holder and literally would not even take the risk free bet on the company. + +I honestly feel bad for them. When we ride this rocket ship to the moon, they'll be left in the dust. + +If you see this post Dan and Chan, y'all are fuckin retarded <3 + +BUY. HODL. DRS YO SHARES! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +What is everyone else’s opinion on real estate stocks in this market? I have been investing in O for a while now, and feel good about it long term, but I think a lot of real estate prices are starting to slide. My understanding is a lot of the stocks depend on rents, which may be a little more stable but I would love to hear others opinion. My thought is I may pause investing into these stocks and invest in other things for 6 months to a year. Thanks in advance! +what are everyone's thoughts on KO as a dividend aristocrat. Do you think it can continue to increase dividends over the next 10+ years? Do you think people are moving away from KO and other carbonated beverages because they want live a healthier lifestyle and make healthier choices? + +Honestly, that 2nd sentence cracks me up and makes me cringe just writing it (Do you think people are moving away from KO and other carbonated beverages because they want live a healthier lifestyle and make healthier choices? ) I know a lot of people say this, but honestly its complete nonsense. Eating healthy takes effort and money. Most people don't want to put the effort in and most cant afford it. Even people with money lead unhealthy lifestyles. I honestly think coke is a solid pick for slow, steady growth with nice dividend payouts. I don't buy the argument that people are choosing healthier lifestyles. that is laughable. Coke isn't going anywhere. People will still consume coke/pepsi etc... in high volumes, nothing will change that. +https://seekingalpha.com/article/4377919-kinder-morgan-is-offering-safe-4-year-high-dividend-yield-of-8_5 + +I'm just sharing the article here. This is not my advice. I found some interesting points... + + +The distributable cash flow per share of the company fell only 12% over the prior year’s quarter, from $0.50 to $0.44. As a result, Kinder Morgan achieved a dividend coverage ratio of 1.68, with its distributable cash flow exceeding its dividend by $404 million. + +Numerous companies in the energy sector have cut their dividends this year due to the impact of the pandemic on their business. Kinder Morgan is a bright exception, as it has raised its annual dividend by 5% this year, from $1.00 to $1.05. + +The stock price is favorable. + +Overall looks like a strong player with solid fundamentals. I think they will be relevant for at least five years. +Hey guys, been hovering around this sub lately trying to get my DGI portfolio going from RH swingtrading pennies. + +My current positions are: + +* LEG 120 $31.06 +* CGC 200 $16.57 +* VTI 10 $141.00 +* IVR 500 $2.82 +* WMT 10 $124.58 +* KO 20 $46.45 +* SPHD 25 $33.11 +* PFE 20 $37.82 +* SBUX 10 $75.50 +* RWT 200 $3.61 +* T 20 $29.95 +* SYY 10 $51.95 +* EURN 50 $10.20 +* O 4 $50.67 +* STOR 5 $20.10 + +What do you guys think? I've been trying to add $1000 every other week and trying to cash out on my pennies to get out of that game. + +Also, $LEG is killing me but at this point, I already have 120 shares at less than $6 average price. Do I keep buying more to lower my average? Doesn't that saturate my portfolio? +Has anyone tried selling covered calls on the popular dividend etfs like schd and jepi? I am wondering if this would help generate a little more income on a regular basis and provide a little protection during downturn. +Hey ladies and gents, Ive been putting money in Acorns as my savings, but haven't seen much progress over the last 3 years. Luckily I found this, and big shoutout to everyone who contributed to the wikis. I been seeing alot of posts about people making 100 bucks or more a month on dividens. Is there a rough estimate on how much you are expected to make based on you much you put in? Im starting with 7K which is what I saved up so far... +Any tips or help is greatly appreciated🙏🏻 +This question is more directed for long time investors but lets hear it from everyone. + +What is your highest dividend yield on cost stock in your portfolio? + +For example Warren Buffett who bought KO in 1988. He now has a 50.5% yield on cost since he never sold his shares. Based on his initial cost basis, every two years he doubles his money on Coca-Cola solely because of Coke's dividend. +Hi all, just wondering the general consensus if it's worth taking a long term capital gains hit selling FDVV to get into the less expensive SCHD? I know this depends obviously on my very specific finances, but as a general rule of thumb.. is this something people are willing to do? Buying FDVV I had no idea SCHD even existed... but similar yield for way cheaper so I'm in. Planning to hold for a very long time. Thanks! +In the past 7 days: + +$500 for new tires (2 flats made me realize that you could see the treads.. I'll pay more attention from now on) + +$1,000 for my cat's emergency surgery (thankfully I had a small savings account just for her) + +$500 for a new phone (mine suddenly died after 3 years) + +$300 in medical bills that I was expecting insurance to cover + +**$2,300 in 7 days** + +It was stressful, but it didn't break me, and I still have 3 months emergency savings left. Without this sub, I wouldn't have been so prepared. Thank you! Not having to ask my parents for a loan or go into credit card debt was an incredible feeling. + +Edit: I have now learned that I can return this phone and buy a refurbished phone that is compatible with my plan. Thank you to all of you who let me know about that. I appreciate it! However, please remember that some people have different opinions on how they spend their money. Some people like to splurge on certain things, and that's okay. +Okay so listen up, I kinda stumbled upon this while doing further research on a comment I posted and this is my first kind of DD ever posted. It's been a long Friday night of Rush and Pizza, I truly don't think these hedgies understand the kind of retards they're up against. + +&#x200B; + +So, It's been posted that there is a Closed Board Meeting on June 15th, 2021 + +* Time: 9:00 A.M. +* Format: Conference Call +* Matter(s) to be Considered: Discussion of Monetary Policy Issues. +* Additional Detail(s): Advance Notice of a Meeting under Expedited Procedures (this will be important for later) + +&#x200B; + +[https:\/\/www.federalreserve.gov\/aboutthefed\/boardmeetings\/20210615closed.htm](https://preview.redd.it/g9zmru0wes471.png?width=976&format=png&auto=webp&s=a38518990293b76e603fb9184eba53074a3b3129) + +How can they hide this meeting from the public you might ask? Well, that's a great question smooth brain, they're hiding them in two ways. Firstly they're hiding them because they're expedited and secondly they're hiding them due to a clause in the Government in the Sunshine Act. + +&#x200B; + +The first method of hiding these meetings: "held under expedited procedures, as set forth in section 261b.7 of the Board's Rules Regarding Public Observation of Meetings" + +&#x200B; + +[https:\/\/www.law.cornell.edu\/cfr\/text\/12\/261b.7](https://preview.redd.it/ihblig6bfs471.png?width=1254&format=png&auto=webp&s=8dadd019b1144fe7e6c3f2716caf8c5a7befdf7c) + +Let's go over this with a fine-tooth comb. So focusing on section (a). There's a bit that I highlighted that I would like you to pay attention to (honestly read it all because my jaw dropped for what they can hide, but I know some of you are bonobos) for the meeting above let's focus on the section regarding monetary policy matters. They can close the meeting to the public for the following under the blanket of monetary policy matters, + +1. Discount Rates +2. Use of the Discount Window +3. Changes in Limitations on Payment of interest on time and saving accounts +4. Changes in the reserve requirements +5. OR margin regulations + +So out of all of these meetings (and there's been a fuck tonne of them lately) these are the 5 subjects they could be discussing (but wait, I haven't got to the rest of the meetings either. + +&#x200B; + +Let's layout how many times they had to discuss "Monetary Policy Issues" YTD. (Max limit is 2 weeks into the future FYI) + +&#x200B; + +[https:\/\/www.federalreserve.gov\/aboutthefed\/boardmeetings\/meetingdates.htm](https://preview.redd.it/n34xkucrgs471.png?width=693&format=png&auto=webp&s=a37e48b07724f6e5291e40ccbd972a613ea11527) + +&#x200B; + +* June 15th + * Monetary Policy Issues. +* April 27th-28th + * Monetary Policy Issues. +* March 16th-17th + * Monetary Policy Issues. +* January 26th-27th + * Monetary Policy Issues. + +&#x200B; + +Now if this was a monthly occurrence why did they skip February and May? What is triggering these discussions over "Monetary Policy Issues."? Also, additional information here is that 7 of these meetings took place last year as well. Maybe it's a regular occurrence? + +&#x200B; + +So the first reason for hiding these meetings was due to the expedited nature of them and the fact that they're discussing "Monetary Policy Issues. " ^(Rush 2112 just ended, queue The Twilight Zone) + +The second reason and this is how they keep them closed after the meeting is due to the policy in the Government in the Sunshine Act somehow they found a cloud to hide under to avoid the sunshine. Let's just investigate that cloud, shall we? + +&#x200B; + +[https:\/\/www.federalreserve.gov\/aboutthefed\/boardmeetings\/20210427closed.htm](https://preview.redd.it/jvfgojmxhs471.png?width=679&format=png&auto=webp&s=39adae9fa594ba8c923ccb1cc926e7269d28cab3) + +Oh Google, give me an assist on this one, thanks. So after a google search I find this, 9(A)(i) of 5 U.S.C. Section 552b(c)) ^(god I love the internet and our demoracy that all this is avaliable) + +&#x200B; + +[\(9\) \(A\) \(i\) Relevant information as to why the meeting is CLOSED from the public - https:\/\/www.law.cornell.edu\/uscode\/text\/5\/552b](https://preview.redd.it/s6axobxgis471.png?width=1105&format=png&auto=webp&s=498106f3354fcc88aa5524ab244c1ce30a989842) + +^(Queue Something for Nothing) + +&#x200B; + +> "Democracy Dies in Darkness" - From some billionaire trying to go to space owned media ^(hint: beff jezos) + +So to come out of that darkness, they are hiding these meetings because of potentially multiple reasons, but we've narrowed it down to one exactly (the reason they keep them closed after the fact) and one of many for why the live meeting is closed. How do we bring the Sunshine down? Well, good question, but someone might need to clarify the legalese below + + +> (c) A copy of the vote, reflecting the vote of each [member](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=acbce2d127279b85adabb43622c9dc02&term_occur=999&term_src=Title:12:Chapter:II:Subchapter:A:Part:261b:261b.7), and except to the extent such information is determined to be exempt from disclosure under § 261b.5, a public announcement of the time, place and subject matter of the [meeting](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=8f0e6548903ee1e1607753e7d4346ffd&term_occur=999&term_src=Title:12:Chapter:II:Subchapter:A:Part:261b:261b.7) or each closed portion thereof, will be made available at the earliest practicable time at the Board's Public Affairs Office and Freedom of Information Office. - S 261b.7 Meetings closed to public under expeidited procedures (scroll up for link) + +Does this clause allow us to see each member's vote? (Wrinkly brains help me out) + +&#x200B; + +Additional information: This one really fucked me up, but if you look at section (a) of 261b.7 - You'll see a lot of other reasons for why they can hide these meetings, but "Issuance of Capital Notes" really caught my attention. I have no idea what it means. + +[I AM JACKED](https://i.redd.it/49ettlr2ks471.gif) + +TL;DR: Retarted Ape with nothing better to do was jamming out and fucking the Federal Reserve System. + +&#x200B; + +Please tear this apart and tell me I'm retarted and need to do more research or guide me, this is indeed my first DD, so let me have that critical feedback. Please also add any nuances you find (such as correlations of data, or events previous and future) + +‘Would you tell me, please, which way I ought to go from here?’ +I just went to a Gamestop store and it was packed. I waited around until it died down a little to talk to the manager. She said they are always busy- they went from the slowest store to the top 3rd busiest store in the district in under a year and are looking to hire more people. Brick and mortar aint dying. Tits jacked +I'm using a throw-away account to protect my identity. + +My wife and I bought a (flipped) house back in October. We paid for a home inspection which came back generally positive. + +The seller disclosed that occasionally "some condensation built up on the windows in the bedrooms, but a dehumidifer generally cleared it up." + +Our home inspector mentioned that there "might be some water in the vents" and suggested we get a french drain installed around the perimeter of the house, which we did. + +Fast forward to when we turned on the heat and it's more than a "little condensation". The walls were literally dripping wet with water. We got a stand-alone dehumidifer and that did bring the humidity under control. + +We also noticed that the seller had air fresheners in every room, which we promptly unplugged. We soon discovered there was a nasty smell like sewage. Eventually we traced it back to the air vents. This is a ranch house and the vents are in the foundation. + +Today we had a duct cleaner come out. They told us there's not much they can do because they're sucking up massive amounts of water. They believe there are cracks in the floor vents and that we need to have an HVAC person come out with a camera, identify where they're at, and dig up the floor to repair. + +I have no idea how much this is going to cost, but I'm betting on a large sum of money that we don't have. We do have a home warranty, but I've heard they're notorious for not actually covering anything. We definitely don't have the money to get this level of repair done. + +I feel like at this point our best bet is to declare bankruptcy and let the bank take the house. This is one of many other things that have went wrong in the four short months we've lived there. + +If anyone has advice, I'd appreciate it. I feel like the sellers are probably in the clear since they technically "disclosed" it. + +**EDIT / UPDATE:** + +Just got off the phone with the second HVAC company that the warranty people sent this to. Here's the relevant details. + +\- The warranty won't cover this because they won't do anything about humidity, sounds, or smells. + +\- Digging up the cement and fixing is $10k - $12k, plus repairing the damage done to the house in the process. + +\- Installing a new furnace and duct work would likely run around $5k + +\- But the bad news is we still need to figure out where the water is coming from, which may necessitate digging up the cement regardless. +The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning October 1, 2021. The rates are: + +• Three (3) percent for individual overpayments (refunds) + +• Three (3) percent for individual underpayments (balance due) + +Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For Taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points. + +Source, at IRS.gov: https://www.irs.gov/newsroom/interest-rates-remain-the-same-for-the-fourth-quarter-2021 +Been asked to note this is Ryan X Charles and not Ryan Charles. + +--------- + +Repo: https://github.com/ryanxcharles/fullnode/ + +Commits: https://github.com/ryanxcharles/fullnode/graphs/commit-activity Started happening in early August, just about when he was hired as the cryptocurrency engineer + +Commit times: https://github.com/ryanxcharles/fullnode/graphs/punch-card primarily 9am-5pm M-F + +Conclusion: Ryan and Yishan were buddies, Yishan hired him to do something something crypto, Ryan was given no direction and was allowed to work on a solo project with zero management oversight so he worked on his dream project of rewriting Bitcoin in JS. + +Aside from how laughable the project is, it's more funny how terrible Reddit management before Yishan's departure would have to be to allow something like this to happen. You're paying someone a full-time engineer salary in SF (so 100k+) to rewrite Bitcoin in Javascript? When it has absolutely nothing to do with your business? Great move. +This is my first post as I have been lurking the past month: + +I have held a position in ATVK for about a month now, it has declined over the past week by 15%. This was due to fake manipulation and the twitter using other tickers probably has not helped. + +Now, there are some solid catalysts coming up which I believe can return us all some nice profits (taken from a post in $ATVK subreddit from [u/XlusiveEire](https://www.reddit.com/user/XlusiveEire/)): + +1. New website just launched - [http://www.ameritekventures.com/](http://www.ameritekventures.com/) +2. $EPAZ merger “announced” - dig into the website +3. 250+ million shares to be cancelled today (in court against toxic lenders - SEC Siding with $ATVK +4. Drone and AI tech. +5. Cannabis plays +6. BlockChain plays +7. Covid vaccine transportation play + +The court case is today and it is heavily believed that ATVK will win this case, which should give some strong PR. With all these factors and how the market has fallen because of GME etc, I feel this is a strong time to hop in **🚀** **🚀** + +For clarity, I hold 3100 shares @ 0.1555916 +A few years back a cavity was filled on a molar with some not-so-great filling. A small hole grew on a side of that filling, and thus led to the abscess. + +Serious pain started on Wednesday (06/12), I saw a dentist Thursday morning. + +I've got Anthem dental through my employer at the moment, and pay is shit and because of that I've only managed to live paycheck to paycheck for the last 6 months. + +After insurance, the cost for doing a root canal on that tooth and crowning it came to $615, due before treatment. + +They had this Care Credit thing but my credit score is 545 for hospital collections from 6 years ago (one more year to go, woot). + +Tried an Emergency Dental near me it was the same bullshit. 50% due before treatment plus $75 fee to even start the exam. + +[I have about $100 to last me until my next paycheck in two weeks.](https://imgur.com/gLeSoNz) + +The pain/infection has already spread to the entire right side of my jaw. I feel weird movements of blood going up to my head. The pain is constant, sometimes sharp excruciating pulses. The tooth's super sensitive to cold or heat, can't bite anything even a bit. Just self-medicating with ibuprofen and tea tree oil. + +I start a job with much better pay and better insurance in mid-July, but I don't know how I'm going to last until then. I cried all the way from the dentist because there's nothing I can do, and it could kill me. It's not like this can wait until Bernie Sanders becomes president. + +What do I do? + +Edit: In Colorado + +Update: Huge thanks to a generous redditor for $20, was enough to order Fish Mox. +Clove oil added to shopping list, +Hitting up dental schools when they open on Monday, +/r/povertyfinance, you are amazing and extremely helpful. +Their model is beyond amateurish. Tesla share count at the end of Q1 was 963.3M, up from 960M at the end of Q4. This is just 700K away from ARK's 964M 2025 projected share count. + +Those are only the outstanding shares. They missed Tesla's diluted share count by over 100M in their newest model. And before anyone mentions possible buybacks, their model already includes a $300 billion cash pile in 2025 to pad their EV/EBITDA PT. No room for buybacks in their modeled capital allocation. + +That's just what's provably wrong with the model. Will Tesla create a human ride hail service with 3x more revenue than Uber in less than 5 years? Will Tesla become the most profitable insurance company in the US in under 5 years? Will Tesla sell sedans and crossovers at the same gross margins of Ferrari? I can't say, but these are all standard assumptions made in ARK's "bear case" -- An odd context for the term. + +I wouldn't be so crass if they actually learned from their mistakes, but they don't. Their year end 2019 model projected Tesla would issue 30 million more shares through 2024; 900M to 930M split adjusted. They issued 55M in 2020 alone. 34M were attributable to capital raises. Maybe that would be a good time to step back and check what the diluted share count would be in the event Tesla hit their PT? I could almost forgive a hobby investor missing the dilutive effect of, at the time, anti-dilutive convertibles and stock options. Not a firm like ARK, but a hobbyist. They brazenly miss their share count estimate, take no further look as to why they missed, and, by some miracle, totally miss the dilutive share count & effects plastered all over Tesla's filings since Q1 2020. + +To be blunt, these guys are either dumb or deceitful. To those who invest in ARK funds, this is the level of DD you get. Caveat emptor. + +Sources for the lazy: [https://www.sec.gov/Archives/edgar/data/0001318605/000156459021004599/tsla-10k\_20201231.htm](https://www.sec.gov/Archives/edgar/data/0001318605/000156459021004599/tsla-10k_20201231.htm) + +[https://www.sec.gov/Archives/edgar/data/0001318605/000156459020004475/tsla-10k\_20191231.htm](https://www.sec.gov/Archives/edgar/data/0001318605/000156459020004475/tsla-10k_20191231.htm) + +[https://github.com/ARKInvest/ARK-Invest-Tesla-Valuation-Model](https://github.com/ARKInvest/ARK-Invest-Tesla-Valuation-Model) +I work for a huge Canadian broker **Questrade** and been getting many questions regarding the shareholder meetings and clients wanting to recall their shares. + +**Please upvote this so more Canadian Apes can see.** + +Questrade guideline + +So regarding your eligibility to vote, you would need to contact the investor relations of GME directly to confirm if you are eligible (for most corp actions eligibility can be determined by % owned of the company). **At this time brokers cannot confirm for the client if they are eligible to vote.** Regarding if the SHR is done via mail, that would also be something the company would communicate with the client, if you have been indicated that you would need to do this as a proxy vote and need assistance with the broker providing you a proxy control number then you maybe contact your broker and they can do this for you. As for the shares being lent, Questrade only lends shares if the client holds them on margin (meaning you have a borrowed balance in a non-registered account), **shares CANNOT be lent out in registered account such as TFSA, RRSP**, or if the client is not borrowing funds from the broker. + +**YOU DO NOT HAVE TO RECALL YOUR SHARES IF YOU OWN GME IN REGISTERED ACCOUNTS OR DID NOT BORROW FUNDS TO BUY GME!!!** + +**TLDR** + +1. **Shareholder vote registry is sent through the mail by GameStop shareholder relation, and they will provide further information on how to registered. You may contact the broker to get a proxy control number if you informed to do so by GameStop.** +2. **Your shares CANNOT be recalled within registered accounts, since they cannot be lent out.** +3. **For Questrade users, please check your account to see if you borrowed funds to purchase GME or not. Borrowed funds are shown in red digits under your US cash balance. If it's red, please convert your CAD to USD to cover the borrowed funds, then YOU WILL HAVE FULL OWNERSHIP OF THE SHARE AND THEY CANNOT BE LEND OUT!** + +**Edit 1: Thanks for the awards apes, I love this community, I love this movement.** + + **🦍🍌🍌🍌🍌** +So I’m brushing my teeth getting, ready for bed, and obviously on Reddit looking for sweet confirmation bias. I was super excited for today (still expecting the worse), and I realized I can’t wait for this to be over! As soon as I realized the agony I’m in, I also realized this is the marshmallow experiment but on a huge global scale. + +If I am impatient and sell now I’m only gonna get a fraction of a banana 🍌. When the MOASS starts ima want the immediate million bananas 🍌. But if I can tell myself no long enough I can have enough bananas 🍌 to take care of me and my family for at least the next two generations. + +If little kids can say no to a marshmallow, a grown ape can say no to selling. I’m excited. Im dying. I’m at the edge of my seat. I will just keep waiting for this to take off. I just need to HODL though and tell myself, “don’t sell stay strong.” + +Good night apes. See y’all tomorrow. 🚀 +ELON MUSK TERMINATES TWITTER MERGER AGREEMENT. TWITTER SHARES SINK 7% IN POSTMARKET TRADING. Bloomberg. + +Update: Twitter plans to enforce the deal at $54.20 per share. + +https://www.bloomberg.com/news/articles/2022-07-08/elon-musk-terminates-twitter-merger-agreement-twtr +Hey all, + +Just rang the bank and went from 6% to 4.84% just for calling them, which really pisses me off because why can't they just keep me on a (somewhat) competitive rate automatically? + +So are there any banks that don't jackup the interest rate over time? Or are we all doomed to wasting time calling banks and inevitably refinancing every few years or else pay the lazy tax? + +Cheers! +[https://www.afr.com/policy/tax-and-super/new-expat-tax-rules-would-have-really-harsh-outcomes-20210514-p57s0i](https://www.afr.com/policy/tax-and-super/new-expat-tax-rules-would-have-really-harsh-outcomes-20210514-p57s0i) + +This is surely not going to pass - is it? + +There's a huge number of expats who will qualify, simply by virtue of being a citizen & having one rental property (that's 2/4 boxes ticked). + +45 days in a calendar year is outrageous. What if we have to spend a couple of months to support one of a sick parent or some other compassionate reason? + +Other modern countries have a "substantial presence" type of test, that allows some flexibility. Maybe you spend a little bit more time this trip but the next ones need to be short etc. +Many different new threads discussing the Brexit today. For simplicity's sake please discuss the Brexit only in this thread. + +Many of the comments in these threads have been political. **Just a friendly reminder that political discussion is against [the rules](https://www.reddit.com/r/financialindependence/wiki/rules).** Please limit the discussion to the Brexit's effects on FI/ER, and when in doubt, err towards not posting. :) + +Edit: RIP my inbox. +Because it's a profitable company, with a diversified portfolio being managed by a talented, aggressive and reliable CEO who himself owns 23% of all shares in the company that he founded back in 2009 + +It's a retail based company, with international exposure, that does good business without dealing with the risks and expenses facing licensed producers + +. + +&#x200B; + +But can they even make money if they don't grow cannabis? Absolutely; in fact HITI enjoys the highest revenues in the Canadian retail sector and fifth highest revenues in the entire Canadian cannabis sector beating the likes of Hexo Corp and Organigram - the two having market caps 3.6 times and 2.7 times larger than HITI's respectively + +. + +But you don't judge a company solely based on the valuation of its competitors; you look at fundamentals. And that's where High Tide shines brightest + +First we've got the sources of income; + +* Biggest earners are the brick and mortar stores **Canna Cabana, META, KushBar** and **NewLeaf Cannabis.** 70 stores open as of today, with a goal of 110-120 stores by EoY +* **Valiant Distribution** \- The backbone of High Tide's vertical integration strategy, acting as a global manufacturer and distributor, with numerous celebrity-licensed products. Catalog consists of 5,000 products of which 75% are manufactured by High Tide +* **Famous Brandz** \- The Hollywood division of High Tide. Partnerships with amongst others Snoop Dogg, Paramount Pictures and Cheech & Chong +* **Grasscity** (US) - the worlds largest online accessory shop, a favorite in the U.S. with growing customer base in Europe. Shop receives 23 millions visitors yearly, with 130,000 orders (2020) +* **CBDCity** (US) - a wellness shop supplying its clients with all their CBD needs +* **Smoke Cartel** (US) - Second largest online head-shop with 7 million visitors and 110,000 orders. Most notable regarding Smoke Cartel is their proprietary Drop-shipping technology which will be integrated across all of HITI's e-commerce platforms. Furthermore Smoke Cartel gives High Tide exposure to the Mexican market. *The acquisition of Smoke Cartel will be finalized in March 2021* + +With the legalization/decriminalization of Cannabis in the U.S. on a federal level High Tide will reliably further expand its footprint in the U.S. + +. + +**Bullish indicators** + +&#x200B; + +* High volume in spite of low attention from main stream channels +* **Average volume 12.1 million** as of 02/09/21 **(HITI.V : 5.06M / HITIF : 6.8M / 2LY.F 0.24M)** +* The acquisition of META Growth saves High Tide $9 million in synergies +* Financed for aggressive (further) expansion +* Legalization in U.S. +* In November 2020 Aurora selected High Tide to manage their flagship store in Edmonton +* Undervalued by all metrics +* Cannabis consumption increasing QoQ in Canada/U.S. on its way to beating alcohol +* Cannabis sales breaking records in spite of Covid-19 restrictions +* Black market competition shrinking QoQ +* **Recent insider purchase** + +&#x200B; + +Catalysts as stated by CEO Raj Grover (14/01/21) + +* Ontario lifting cap on number of licenses +* More provinces allowing for a change in the distribution model to allow retailers buying products directly from licensed producers +* Ontario and other provinces making deliveries permanent +* End of OCS monopoly + +. + +&#x200B; + +As previously stated High Tide is a top earner in the sector; the specifics are stated below + +*Keep in mind some of these numbers are outdated as last ER released was for 20Q3. While other numbers are up to date as we've been given a sneak-peek preview to the unreleased Q4 numbers* + +*Furthermore High Tide merged with a competitor, of roughly equal size (Meta Growth), back in November long after the release of the Q3 report, so the upcoming Q4 and Q1 reports (both expected in March 2021) will include numbers from both companies and will be vastly improved over some of* the outdated *numbers stated below* + +* $148M annualized revenue (Q4) +* $37M quarterly revenue (Q4) (rev. increasing QoQ due to opening of new stores, increased number of customers and acquisitions such as Smoke Cartel) +* Impressive 38% margins (Q4) +* \+$5.3M positive EBITDA (Q4) +* Average revenue per store/quarter : $555,000/q (Q3) +* \+$0.02 EPS (Q3) +* \+$2.1M in adjusted operating income (Q3) +* est. $25 million cash on hand (2021) +* Total debt somewhere in-between $35M-$40M (couldn't find an exact figure) +* 50% of recurring customers are club-members (57,000 members as of Q3) +* Recently restructured $10.8M in debt into interest-free debentures due 2025 +* Warrants exercise price/date $0.35 February 2023 +* $2M debt due Sept 2021 in consideration for warrants +* 180% YoY growth (Q3) +* Fair value $4.80 (2021) +* **Smoke Cartel** : Annual rev. $7.4M USD, 16% EBITDA, $1M USD cash on hand (2020) +* Both Aurora Cannabis and Aphria are heavily invested in High Tide +* Offices in Calgary, Nevada and Amsterdam (2021) +* 600 employees (2021) + +. + +From Investor presentation *(updated late January 2021)* + +* Potential Shares from Stock Options : 124,843,280 *(Exercise price of $0.50 per share)* +* Potential Shares from Exercise of Warrants : 157,133,157 *(Weighted average exercise price of $0.42 per share)* +* Potential Shares from Conversion of Unsecured Debentures 363,160,439 *(Weighted average exercise price of $0.30 per share)* +* Potential Shares from Conversion of Secured Debentures : 425,429,411 *(Exercise price of $0.425 per share)* +* Potential Shares from Conversion of Secured Convertible Loan : 106,363,636 *(Exercise price of $0.22 per share)* + +. + +Quoted from user Sledd (Stocktwits) + +>ok, based on Q3 ER we know that 23.1mil was total revenue of hightide pre merge based on 32 stores with 23% being u.s. sales through grass city. +> +>With these existing numbers we can calculate that 23% of 23.1 mil is 5.313mil to e-commerce. So that leaves us with 17.787 mil for 32 stores. +> +>Divide that revenue with the 32 stores and we can see we get $555,843.75 per store average. Now lets multiply that by our total stores now of 69 and we get $38,353,218.75 revenue for 69 stores. +> +>Smoke cartel will report 7.4 mil annually so thats 1,875,000 mil per quarter plus grass citys 5,313,000 gives us $7,188,000 for e-commerce. +> +>Add that total with our storefront revenue and we get $45,541,219 total revenue on a proforma calculation to include both meta and smoke cartel. + +. + +High Tide was virtually unknown until very recently. In spite of becoming the first profitable retailer, merging with META, uplisting to TSXV, applying to Nasdaq, acquiring Smoke Cartel and raising $20M from institutional investors all in quick succession it's still flying below the radar... + +&#x200B; + +&#x200B; + +[... and exhale](https://preview.redd.it/qiy4hblfojg61.png?width=205&format=png&auto=webp&s=dcd18f35c50c314c19684dd79d879dbba0fe4b1f) +I hear a lot about lifestyle creep on here and I'm wondering if I suffer from the opposite extreme which might also be a problem. + +I avoid buying anything remotely expensive because it doesn't feel "right." I feel like I live by the quote "climb a mountain and tell no one." In this case it would be "Have a million in the bank and drive a 10 year old Corolla." In fact, I'm considering trading in my 3 year old Civic for one. + +Is this actually a good mindset or is money meant to be enjoyed more liberally than this? +No one cares anymore? This is almost as high as a week ago, an event that filled the front page of r/bitcoin. + +https://blockchain.info/pools?timespan=24hrs + +Does this mean that miners have moved back from other pools to Ghash? Eligius has dropped a few % after gaining the same amount, just to give an example + +Would it mostly be their own hashing power thats increasing through Cex.io? + +------ + +Please refer to [this link if you want to read discussions from 5 days ago](http://www.reddit.com/r/Bitcoin/search?q=ghash&restrict_sr=on) (it searches this subreddit for ghash, gives all the big threads in from 5 days ago) + +BoA put of a statement criticizing proof of reserves saying it has many shortcomings. I'm not even saying PoR is perfect, but it is a hell of a lot better than nothing, and we also are pushing toward proof of liabilities which Kraken, Gate io and Coinbase have already published proof of reserves with liabilities. + +This is meanwhile funds is the bank require absolutely NO reserves. I'm not kidding. + +&#x200B; + +&#x200B; + +https://preview.redd.it/02dk75jrwc2a1.png?width=786&format=png&auto=webp&s=a2f3e5d1a509b3219aa728e9bbadc73d2fd2d79c + +So basically, (American) banks can print infinite amounts of money with no repercussions, with other countries only partially limited to their lending by their own reserve ratios. As a matter of fact, since COVID, authorities have been actively encouraging bank lending particularly in the US. They cooled their statements on that now that we see the effects on inflation and how terrible easy money was. Imagine if there was doubt in the market and a run of any of these banks. It would be 2008 all over again and probably worse. + +I understand the statement by BoA to be out of fear. If CEXes can prove through math and not any weak flimsy word-of-mouth promises that all funds are backed and there is no debt through higher amounts of liability what would stop people from using crypto, besides only being able to understand it. All the financial freedom with limited responsibility as they could mostly trust CEXes to handle all the security and ease-of-use features. + +All that would be left is to fix Defi hacks. But trustless but trustworthy(through math) Cefi would more than fill in until then and it sounds like a nightmare for banks. Crypto is growing and banks are feeling the pinch. + +[https://www.coindesk.com/tech/2022/11/18/bank-of-america-says-crypto-exchanges-proof-of-reserves-have-too-many-shortcomings/](https://www.coindesk.com/tech/2022/11/18/bank-of-america-says-crypto-exchanges-proof-of-reserves-have-too-many-shortcomings/) + +EDIT: I am speaking for American banks. Some have argued out that banks don't print money like tokens. First of all, I never equated printed crypto tokens to printed bank fiat money. I was not comparing insurance. I only spoke about the topic of reserves. And banks do effectively 'print' money at the behest of the Central Bank(Federal Reserve) based on the reserve ratio which is currently 0. Further, .you cannot accept that Central Banks print money without accepting that commercial banks also again print money because the money that Central Banks print only reaches into the private sector economy *through* commercial banks based on choosing. In essence, commercial banks are part of the whole Central Bank(Federal Reserve) system of printing money. Printed money only gets into individual and business' hands *though* Central Banks the process of which banks almost completely control. This also partially depends on if you view 'printed money' as money created from a fractional reserve system which I'd very such agree that money coming from basically thin air is printed money. +From the statera telegram group: + +Hey guys, we're now listed on uniswap.vision. + +You can now view a real-time candle chart of the STA-ETH pair by accessing: + +https://uniswap.vision/ + +In the top left type in STA and it will be accessible there, thanks! + + +📢 ANNOUNCEMENT + +To all those who have requested a one token solution to provide liquidity pool on balancer for STA before Balancer releases a solution, here is a complete guide to how you can provide Liquidity to STA pool on Balancer with ONE TOKEN: + +https://medium.com/@stateraproject/providing-liquidity-for-sta-with-one-token-on-balancer-lp-53356297a1ea + + +❕❕❕ +Myself and a few others have tested this out and it work perfectly following the instructions in the article. +Note: This has only been tested using metamask. I am not sure it will work on other device especially mobile device or dapp browsers. + +🔥🔥🔥🔥 + +💹We are also glad to info you that we are LIVE on uniswap.vision💹 + +You can now view a real-time candle chart of the STA-ETH pair by accessing: + +💹https://uniswap.vision/ + +In the top left type in STA and it will be accessible there, thanks! +Hello everyone, + +This is not the typical bot shilling shitcoins posts filled with those annoying emotes or lifeless sentences. This isn’t a DOGE/SHIBA/UNCLE/APE/MOON/ELON shitcoin either. + +The name is **$PAWG.** It's going to be *the* future of cryptocurrency in the adult content-creation area, you just don’t know it yet. + +So let's start with a small FAQ. + +**What is PAWG?** + +**PAWG** is a Defi token, living on the Binance Smart Chain with a decentralized community and launched in June 2021. Its main goal is to provide a cryptocurrency that powers transactions between content creators and content enthusiasts of tasteful noods. To make it simple, the objective is to use PAWG as the currency for content creators to post their content and users to buy it using PAWG. It's simple! Just think of OnlyFans but with a better and more intuitive platform and with crypto as its main currency. + +**Why should I choose $PAWG?** + +Well to start with, PAWG is developing a platform called **HoneyBabe**. V1 of this platform has almost finished development and a demo of the v1 platform is here- [https://twitter.com/PAWGcoinbsc/status/1408839841677250564?s=20](https://twitter.com/PAWGcoinbsc/status/1408839841677250564?s=20). The main functionality of the platform is nearly completed and will be live in the near future. This platform is going to be game changing, imagine a platform competing with OnlyFans, but with crypto involved. **HoneyBabe** has already made partnerships with worldwide known content creators, adult performers, and celebrities. + +The PAWG team constantly delivers on their promises, without *over-promising*. From site listings, celebrity partnerships, platform development to even the exchanges. Not only that but this coin is already partnered with celebrity rapper Tyga, who has already made a video about us- [https://streamable.com/dzm1lv](https://streamable.com/dzm1lv) + +Lana Rhoades, a big content creator is also making an exclusive NFT just for the platform and PAWG (this will happen in July) as part of her partnership and also to demonstrate investors how serious the developers are with their marketing and partnerships. + +Danni banks, another content creator has also made a video strictly about pawg and how the developers are legit and very competent. These are real celebrities which means serious business ! + +**Why aren't the devs doxxed or the contract is renounced ?** + +For starters, the dev team is actually doxxed to their partners like Lana, Danni, Mia and Tyga. They actually said they are going to doxx themselfs when the platform comes out but it's understandable since the BSC is known for a lot of shady stuff including phishing and extortion of developers so that's one of the reasons they haven't doxxed it yet. However, their partners are real celebrities and have to much to lose but they assured us they know personally the dev team and they can guarantee us they are super legit, and to be honest since the past month they have been delivering like a nursery no cap. + +About the contract its pretty easy. Renouncing contracts is literally shooting yourself in the foot, if you renounce the contract it means you can never change it in case you need. Imagine in 1 or 2 years there is a big problem with the smart contracts and it requires to change the contract? Well if its renounced how in the world are you going to be able to change it? + +But but... renouncing contracts means they cant perform rug pulls... right? No thats super wrong, there has been tons of renounced contracts that still managed to scam and rugpull investors. Renouncing contracts is literally for shitcoins and scams to appear "legit" and "rugproof" just to end up showing a way of scamming anyway in front of astonished investors. So please do not use that argument like it means something because these are straight facts. + +We are also listed in rugfreecoins which they were the ones finding us we did not even ask them but since we are rugfree they listed us anyway https://www.rugfreecoins.com/details/1236 + +**Why price is down?** + +Another pretty easy question to answer. If you already are an experienced investor in the BSC you should know by now that every launch of a coin is literally a pump and dump, there have been many attempts to avoid this but most were unsuccessful. So when the coin launched, the presalers and moonboys pumped it to a 40mc and then dumped it and moved to another launch or shitdoge coin or a rugpull to do the exact same thing. + +This process kills literally 90% of all the projects in the BSC, but this one? Nop not by any chance, since it has a real use case, more partnerships incoming and the wonderful HoneyBabe platform being developed as we speak, PAWG held its investors fairly easy which are now spreaded across the crypto world shilling it because it promises to be the real thing, we found our bottom now so this is a pretty nice timing to get yourself a cheap bag just to see if that random guy in reddit (me) is right and the platform will indeed, be a big hit. + +In short, price is down because of pre sale pump and dump, but now found its bottom and its organically and steadily growing in marketcap and the increasing number of holders. + +Do not worry, devs wont rugpull you or scam you they have been working non stop regardless of price/marketcap/fudders i can guarantee you that :) + +**All this really looks bullish but why isnt it mooning then?** + +This is not an overhyped shitcoin that its only purpose is to pump and dump and make dumb people rich. This is a real project, we don't want those moonboys that the only thing they can ask is "wen lambo? wen moon?" + +We want real investors that do their own research and there's no better starting point than pawg. + +**Who are you? Are you from the team?** + +No, I'm not from the team, i'm not a mod, I'm just a no namer crypto investor. The reason i even put this effort on writing the post is because the team behind it deserves no less after delivering every time we asked and even when getting hit by fudders, watching the price go down because of paperhands and moonboys pump and dumps they are still super commited so they deserve no less than their investors helping the project. + +If you have any questions you can come to the Telegram group and find me there or ask questions there EVEN IF ITS FUD we dont mind or we aren't scared of answering. We will gladly remove all the fud from you before you invest in this coin :) + +website ->[ https://www.pawgcoin.io/](https://www.pawgcoin.io/) + +CMC link -> https://coinmarketcap.com/currencies/pawgcoin/ + +telegram ->[ t.me/pawgcoinbsc](https://t.me/pawgcoinbsc) (16k members, and almost no bots i think we kicked them all) + +Thank you a lot for giving 2 minutes of your time reading this, I appreciate it even if you are not investing :) + +PAWG THE FUTURE OF ADULT CONTENT CREATION USING CRYPTOCURRENCY. +I saw this linked over on r/philosophy and I thought it apropos to the philosophy that most people have here: we want to spend our lives doing things that have *meaning* to us, without being caught in a situation of “total work”. + +https://aeon.co/ideas/if-work-dominated-your-every-moment-would-life-be-worth-living + +If you can, have a listen to the narrated version as well, it’s really nice to just listen to... + +I like to build things. I would, if I had more time, describe myself as a maker. But I’m thoroughly entrenched on the treadmill and have approximately zero time per week to spend planning and building things. + +It is the great lie of the efficiency gains of the modern workplace. Output is increasing for our work, but at the cost of a lower output of our personal lives. +I think i'm on pace to reach fatFIRE, but I don't know if i'm cruising too early in my career. I've barely begun my career and i'm already in cruise mode. + +Demographics: 28M. 27F. Married with 3 month old daughter. HCOL. + +Income: Me: $75k lawyer, employee.Wife: $75k unionized HR, gov't. + +50&#37; SWR + +Networth:$600,000 equity.All in real estate, 3 properties. Including primary because I'm semi\-house hacking so it's throwing off some money and I'll turn it into a rental once I buy my next property. + +Family is very involved in real estate investing, so that's why I'm very overweight it. I enjoy it, feel like I have a comparative advantage. + +Other: Wife has good benefits, I have okay benefits. Wife has great pension, full retirement at 53. I have no pension + +Target: $5M at 3&#37; withdrawal rate at age 53 (retire when my wife retires) + +Question: + +The job I've been at for 2 years is extremely cushy. I work 20\-30 hours/week. Lots of lawyers say you either get paid well and you have to work tough hours or you're unemployed. I seem to have that golden medium where the hours are awesome at a reduced pay. + +I work in shit law, personal injury. I basically am a junior for one of the bigger rainmakers in the firm. He likes me and my job feels pretty secure, but in my role there's not much upwards mobility in income. If I want a bump in income I'll have to be running my own files which is a lot of stress. Right now I basically work 10\-6, with a lot of downtime where I'm surfing for real estate deals lol. I really enjoy the work\-life balance. I like my boss. I can spend a lot of time with my wife and daughter. + +I'm happy coasting in shit law. I'm not that smart anyways. I enjoy real estate a lot more and as long as I have the W2 allowing me to borrow, I'm happy. + +The mentality among the smart friends I know and the FIRE community seems to be hustle hard when you're young to reap the rewards later, which makes total sense. But I already feel like I have a pretty awesome life. I don't mind delaying my RE a bit. My job is just shooting the shit with clients and arguing a bit with the insurance company. My wife and I have simple pleasures so the current income still allows us to save a lot for the down payment for our next investment property. Even though our household income is not high because we're in a HCOL area, I actually feel pretty well\-off with my networth because my real estate portfolio is growing nicely for now. I would say real estate is more of my passion and I like how my current job gives me a lot of time to focus on that. + +I'm also not developing any contacts in my field or furthering my skills. I keep my boss happy, otherwise I clock out at 6, and show up late in the mornings at 10. Even if I get canned, I feel like I could get another job in the same position. Lots of recruiters targeting 2\-7 year calls in my field and geographic area. If I was more motivated I could be hopping jobs every year getting raises. I'm probably getting underpaid here, some peers seem to be at $90k. + +I really like that I'm getting to fatFIRE with minimal pain. But am I going regret not developing my career more when i'm young? + +**Edit: $5M per year @ 3\% = current salary** +I don’t know where to post this, I hope it’s okay if I post it here. + +My wife was told that, because she’s not required to come back into the office her company is asking her to receive product and materials to her home and store them. Normally she’d have this stuff shipped to the office and stored there, because it’s a lot. Our spare bedroom is now overrun with product and basically can’t be used for anything else. A coworker of hers said she should deduct part of our rent on our taxes but I have no idea how that would work. She’s a full time employee, no a contractor so I’m not sure if she can even do that? + +Any help would be appreciated. + +EDIT: Based on some of the comments I think there maybe a misunderstanding of what is being stored. They’re product and material samples my wife uses for building designs. When the design is rendered she sends a materials package to the client so they can have a physical reference for the materials and finishes used. She orders these samples from vendors and with few exceptions these are free and crime statistics regarding the theft of such samples are at a historic low. +Elliott wave apprentice here. I previously made [an elliott wave prediction](https://www.reddit.com/r/Superstonk/comments/oa0lr1/elliott_wave_apprentice_prediction/) as practice since I'm currently reading the Elliott Wave Principle book and learning the concept to peer review Elliott Waves Guy u/possibly6's work. + +I'll be honest, this elliott wave stuff seemed obscure, unclear and confusing before I started reading the book. There are many rules and guidelines within elliott wave theory to know. The rules are laws which cannot be broken, and the guidelines are sometimes broken, which makes things even more confusing at first but just accept it for now. If you try to follow EWG's posts to the fundamentals, it might be tricky too since he lays out the fundamentals across multiple posts from a long time back. + +I'm going to try to break it down to the bare essentials that you need to know for our current situation in GME, all in one post, so that you can understand the main elliott wave bull thesis for GME right now, the Elliott Wave Tsunami (not an official term). + +# 1. Price moves in the direction of the trend in 5 waves + +The overarching trend of GME since March 2020 is up. + +[Trend is up since Mar 2020 \(log scale chart\)](https://preview.redd.it/t133ncw0xo871.png?width=1465&format=png&auto=webp&s=0e5822195e4b72b5002081d3c156e665182a8c3f) + +So from now on I'll just talk about up and down in the context of GME (in elliott wave lingo, we would normally be talking about trend and countertrend, since the overarching trend can also be down). + +When price moves in the direction of the trend, it moves in 5 waves. Here, the 5 waves are **up, down, up, down, up**. + +# 2. The down waves are never as large as the preceding up waves + +They are often -61.8% the height of the preceding up wave, sometimes -50%, -78.6%, -85.4%, -38.2%, -23.6% (which has to do with fibonacci ratios if you're interested). + +# 3. Wave 3 is often the most powerful and longest wave up + +It is often 161.8% the height of wave 1 and wave 5, which are often equal in height. Sometimes it is 100%, 161.8%, 200%, 261.8%. Sometimes more. + +# 4. Wave 4 can never overlap with wave 1 + +It's just a rule. + +# 5. Each wave is made of waves + +That is to say, prices move in waves at every level of scale. A move up in 5 waves has three waves which are up: waves 1,3 and 5. Each of these waves is also made of 5 waves, because it is a move in the direction of the bigger wave. + +# 6. In real-time wave counting, it's normal to have to be recounting your waves based on price developments + +Real-time wave counting is an art and a science. Because we don't know the future prices, we cannot say for *certain* which wave we are in right now. But, we can make some damn good guesses by looking at the movement of prices and understanding the guidelines of elliott waves (many of which I've omitted here). For example, when wave 2 retraces to a fibonacci level, and then makes significant upward movement, we can expect that wave 3 has started. + +# 7. Elliott waves talk about price targets, NOT about time to hit the targets + +There are some guidelines as to how long each wave should take relative to each other, but in general, elliott waves show a set of price targets but does NOT predict **WHEN** those targets will be hit. + +EDIT: The wave 3 peaks in the following images are NOT there to predict when those wave 3 peaks will be hit. They are only there to show the tentative price targets for those wave 3 peaks. + +# 8. We are in wave 3 of the move since March 2020 + +[Wave 3 in the move since March 2020](https://preview.redd.it/a7azjbtwzo871.png?width=1460&format=png&auto=webp&s=810a94f0f8df3f3505dcfef6ee2aa5e06dc5317a) + +I've drawn wave 3 at 161.8% of wave 1 here, which ends at around 820, but we don't know how big wave 3 could be. It could be 550 or 1300. We don't know. It's just likely to be around 820. + +# 9. Zoom in. We are in wave 3 of the move since 19 Feb 2021 + +Go back and read (5) again. Waves are made of waves. So let's count the waves for wave 3 of the move since March 2020. I made the bigger wave yellow this time. + +[Wave 3 in the move since 19 Feb 2021](https://preview.redd.it/04mhzv7r2p871.png?width=1461&format=png&auto=webp&s=b35ed110700a6a0ddfb5079514bcf7023d1c6470) + +Yep we're in wave 3 here too. How do we know that peak at 8 June wasn't the end of wave 3? Because of (4) - Wave 4 can never overlap with wave 1. So we know that wave 3 hasn't ended. Tentative price target for this wave 3 is 625. + +# 10. Zoom in more! We are looking like we're in wave 3 of the move since 25 March 2021 + +[Looks like wave 3 in the move since 25 March 2021](https://preview.redd.it/3k3rq0y45p871.png?width=1455&format=png&auto=webp&s=d84a1b6c9b6d7f0bc774c8abacc743dffb339ee2) + +I've marked the move since 25 March 2021 in purple. We have a clear wave 1, but now we're waiting to confirm that wave 2 has been completed, before we start wave 3 to the tentative price target of 576. + +One reason to believe that we've completed wave 2 and are starting wave 3 is because we've just about retraced -61.8% from wave 1, which is the most common retracement level. It's also possible that wave 2 isn't over and goes down to -76.4% from wave 1 (which would be 164) before we start our wave 3. + +# 11. Enhance! We might be ending wave 2 of the move since 3.30pm, 25 June 2021 + +[Wave 2 of the move since 3.30pm, 25 June ending?](https://preview.redd.it/gv6brtnf7p871.png?width=1470&format=png&auto=webp&s=3f5653b64178a5022d50c8ecff672502b4015115) + +Let's zoom in to the wave 3 again. Waves are made of waves, I'm sure you know by now. We've been in a wave 2 for a while now since the bump near russell rebalancing. + +I previously predicted that we might end wave 2 at -50%, but was too hasty in calling it. It's one lesson that I've learned. We need to see significant upwards movement before calling the end of wave 2. EWG predicted wave 2 ending at -61.8%, the most common retracement, but yesterday we also broke that barrier, we're now at the -78.6% level (EDIT: EWG himself commented below showing that we actually nicely hit the next fib level, -85.6%, which is an even better indicator that we're at the end of wave 2), which is another likely level for the end of wave 2. And you know what comes after wave 2 right? 🚀 🚀 🚀 🚀 + +# Elliott Wave GME Bull thesis and TLDR + +Wave 3s are the biggest upwards movements. + +We're now looking to be ending wave 2 in the move since 3.30pm, 25 June 2021 around our current price level. + +This would put us in: + +* the wave 3 of the move since 3.30pm, 25 June 2021 +* the wave 3 of the move since 25 March 2021 +* the wave 3 of the move since 19 Feb 2021 +* the wave 3 of the move since March 2020 + +The tsunami is coming... + +**🌊🌊🌊🌊🚀🚀🚀🚀** +Like many of you, my trip has been impacted by COVID-19. I had to cancel the trip I am on currently, including some AirBnbs. When I initially booked it, I used my credit card and chose the option to pay half at the time of booking, half later. I went online to the cancel page yesterday, and was informed there that due to COVID-19, I would be getting a full refund as my area in the UK was affected. It broke down my refund and then offered for me to let my host know, so I did. I then cancelled on that same page. + +A little while later I got an email with a "receipt" for the cancellation showing that I would get a $0 refund due to the host cancellation policy. I messaged AirBnb support but got no message back. Then today, I got charged the rest of the amount for my stay! Despite the fact that o cancelled yesterday and should get a full refund per their site. + +What is the next step - wait for AirBnb to respond (they have been taking days to do so according to others) or initiate a charge back with my credit card? + +UPDATE 3/26: +I ended up calling them after 10 days of them not answering my online help ticket. They said that I should start by requesting money from the host (and they did the same), then when the host refused to refund it, they said there was nothing else they could do. After that, they refused to help with my ticket. My next step is to file a chargeback/dispute. +I like the stock! Apes strong together! +P.s. I’m seeing shit that looks sus just like everybody else. There was a time where I would involve myself in the drama, but I know that isn’t productive, so I just keep my thoughts to myself. I believe in GME, and I believe shorts must cover, and I believe enough apes believe the same thing. I’m HODLING. My shares are mine. Period. 🙌🏼💎🚀🚀🚀🚀🚀🚀🚀 +Not sure what do to do, I could go liquid very quickly and retire in my early 30s. My father instilled a strong work ethic and since the age of 16 I hit the ground running. However life just doesn't interest me anymore, I feel I've spent so much time focusing on making millions I missed out on making a life. I've taken time off before and it turned into bad swirl of isolation. I guess I'm having anxiety of leaving my main job which is a source of social activity for me as I'm very introverted. I also life an extraordinary life and in a more rural community that it's hard for me to relate to anyone. The flip side is the job is giving me PTSD. Catch 22. +I’ve been dollar cost averaging +on Coinbase for the past month, my price per share is just about $100. I first bought it at 220, it went to about 350 (should have sold) There are still a lot of big firms that are very bullish on crypto. But, it’s definitely not the hedge to inflation or treated like a commodity like a lot of people thought. It seems that people either think it’s the future or it’s going to go to zero. At this point I just have no choice but to be optimistic. I think that technology is revolutionary enough to warrant staying power but I’m not one of those people where crypto is basically their personality. + +But I’ve also read that people are having a lot of issues even getting their money out of the coinbase exchange, it doesn’t seem like the company can even meet its customers withdraws. + +Getting a little tough to stay positive. +Here's what they wrote back +>Hi Vasili, +> +>Thanks for your email and for your suggestion. We are aware of bitcoin, and we will continue to monitor it with interest. Thanks again for taking the time to email us. +> +>Sincerely +> +>Michael Beattie +> +>Donor Services Associate + +So if more of us email to donate@wikimedia.org / fundraising@wikimedia.org they might listen and implement it. + +Strength in numbers :) + +Edit: You can bring the horse to water, but you can't make it drink. Ultimately it's on them... +You can all stop asking because… The [data for the 2021 survey](https://docs.google.com/spreadsheets/d/1KrqDJpMHBLP3ZT1hloldjfesJb6QpgpS/edit?usp=sharing&ouid=112591517930876052627&rtpof=true&sd=true) is now available. Woot woot. + +There are multiple tabs on the sheet: + +· **Responses Cleaned:** The survey results after I removed incomplete responses and normalized currencies (edit: by normalized currencies, I mean I normalized the currency NAMES. The amounts are in their original currencies). Note that I only removed responses as incomplete when they were nearly all blank. + +· **Clean Up Log:** My notes on the clean-up work I did. + +· **Responses – All RAW:** The raw data as delivered by the survey software. Currencies are not normalized and includes incomplete responses. + +· **Summary Report – All:** Summary that the survey software automatically kicks out (this is what folks were seeing after taking the survey). + +· **Statistics – All:** Statistics that the survey software automatically kicks out (this is what folks were seeing after taking the survey). + +If you want some history, here are the prior results. I’m also linking the old Reddit posts when I released the data (at least the ones I can find – if anyone can find 2018 I’ll add it) , so you can see the old visualizations linked in those if you’re so inclined. + +[2020 Survey Results](https://docs.google.com/spreadsheets/d/1H4RMvxioEkhOhSpOsL5SeHFSrjkN68L4HxHQRv8V52M/edit?usp=sharing) / [2020 Response Post](https://www.reddit.com/r/financialindependence/comments/m1q8ia/official_2020_fi_survey_results/) + +[2018 Survey Results](https://drive.google.com/file/d/1n2IpbpA_vGKSflRNuiRo-slvJdpptLfM/view?usp=sharing) / + +[2017 Survey Results](https://docs.google.com/spreadsheets/d/11rwMAOLCOH2kJMVKeywoBWFGRY5RzORNzKR_BhoXbiw/edit?usp=sharing) / [2017 Response Post](https://www.reddit.com/r/financialindependence/comments/8ai335/initial_financial_independence_survey_results_are/) + +[2016 Survey Results](https://docs.google.com/spreadsheets/d/1z3eRFHv2qKD7i_V4e3jup5BQ8FNRt9Ki/edit?usp=sharing&ouid=112591517930876052627&rtpof=true&sd=true) / [2016 Response Post](https://www.reddit.com/r/financialindependence/comments/4tur6p/survey_results_here_you_go/) + +*Note: The 2016 - 2018 results are partial - all respondents were able to opt in or out of being in the spreadsheet, so only those who opted in are included. 2016 also suffered from lack of clarity in the time period responses should cover, which was corrected in later versions.* + +And if you really want to see a blast from the past… + +Here’s the [very first survey post](https://www.reddit.com/r/financialindependence/comments/4ai59t/please_complete_our_periodic_sevenquestion_fi/). + +And [here’s how I wound up in charge](https://www.reddit.com/r/financialindependence/comments/4ewajj/update_on_fi_survey_help_needed/). + +And here’s [what we originally all wanted to get out of this thing](https://www.reddit.com/r/financialindependence/comments/4feuej/prefi_survey_discussion_to_be_closed_on_sunday_424/). + +Reporters/Writers: Email [redditfisurvey@gmail.com](mailto:redditfisurvey@gmail.com) or send this account a private message (not a chat) with any inquiries. +I got my dog while coming out of being super poor. I still underestimated the financial impact, but I was in a more stable financial place with a steady serving job, going to school and not quite so starving. But I had plenty of friends that were not in the same place and had a dog or cat. And I think there should be some real talk on this forum about being a poor pet-owner. + +First, that everyone might be in on you should never own any animal while you’re in dire straits. But the solution is not everyone get rid of their pets! Some people might and should, but let’s be real. It’s depressing being poor and these are not breed standard show dogs. + +They’re prolly rescues, I knew a lot of strays being saved by myself and friends. And they love you. Sometimes it’s the only thing that got us through. Coming home and someone loves you. Maybe you can’t get your life in order, but you can keep a dog/cat happy. Some people have no idea how shitty you can feel and suddenly life is not so bad. And again, most of these pets were not these super adoptable animals. They’re scruffy, ugly, lovable mongrels. So I’d like to see where people can talk about taking care of yourself and a pet and when it really is just too far out of reach currently. + + +Second, what you need to budget for if you’re serious. + +So the big obvious CON: +They’re expensive. They need food and not exactly the cheapest. Def not the most expensive. Research what you can do for budget. + +And they need a vet. Also research your options. No matter what they are, you’re so much better off with spay/neuter. If you thought adding a pup/kitten dependent was expensive, try not adding a dozen more. (No breeding ideas either, watched this go so wrong with people I knew and was so expensive. This is not a good “business” to try!) + +Take parasites and fleas seriously, because guess what, they can give you both and/or very gross and costly consequences. + +PRO: + +I’ve seen people not take care of themselves, but suddenly take a budget/job/job search more seriously because they want to take care of them. I made hard choices, responsible ones, because it wasn’t just about me anymore. Easy to go out and drink on a Saturday night when there’s no one to answer to. Not so easy when I’m missing puppy cuddles and I’m watching $ disappear quick. I kept it to 1-2 drinks or found myself spending much more time at home. I had somewhere to be. She can’t stay locked up in the apartment all night. + +Finally, depression is so rampant in being poor. Sticking to budgets, trying to get yourself together. Long shitty weeks at hard shitty jobs. So much harder to stay down when they’re at home to lift you up. I really feel like this made a difference in my life with my best friend, Maggie the Magnificent . And it made a difference in a lot of my friends lives and mental well being. + +But I’d like to know if anyone had tricks/tips to being a poor pet owner. And what everyone thought budget impact versus responsibilities/goal keeping along with emotional health consequences. I thought this was a good place to discuss. What do you guys think? +"Because of the size of the issues we are dealing with, it’s not something we are used to because of its magnitude,” Dalio said in an interview with Bloomberg Wednesday at the Greenwich Economic Forum in Connecticut. + +The U.S. is facing a triad of conflicting challenges: A bad economic situation caused by rising debt levels and “ridiculously stupid” low interest rates, political infighting between Democrats and Republicans, and the economic consequences of the Ukraine War. + +“Traditionally those three things are the perfect storm. They all affect each other,” Dalio said. + +Dalio said that the Fed will eventually be able to bring inflation to an annual rate of 4% to 5%, down from the 8.3% recorded last month, but this will require interest rates to keep rising. Interest rates could go as high as 4.5%, up from 3.25% today, after which “the economy could not take an interest rate much higher than that,” Dalio said. + +Source: [https://www.yahoo.com/video/ridiculously-stupid-economic-policies-u-194435560.html](https://www.yahoo.com/video/ridiculously-stupid-economic-policies-u-194435560.html) + +Bloomberg interview: [https://youtu.be/Y3LufB6DK4k](https://youtu.be/Y3LufB6DK4k) +First off. Lmao. Cant tell you how many times I’ve been called a “boomer” for avoiding TSLA and NIO. For the people that are still holding on, good on you.....but the people panicked and selling at a loss, yikes. + +It’s times like this where we learn the most about ourselves. + +- Ask yourself what you’ve learned about your risk tolerance. + +- Ask yourself what lessons you’ve learned about the reason why you are investing and buying companies. + +When the market goes down or one of my holdings tank. I am often reminded of Peter Lynch. He says that when you buy a company because the returns are good, when the stock goes down people don’t know what to do and sell. I feel like this is a lot of y’all. Y’all bought TSLA and NIO in hopes of 7xing your money...but now that TSLA is down 25% from its ATH, and NIO is down 33%; y’all don’t know what to do, so you panic and then sell. + +About a month ago, I found this article by Financial Samurai + +https://www.financialsamurai.com/risk-tolerance-is-difficult-to-measure/ + +I think he shares an important lesson/warning about investing. Your perceived risk tolerance is an illusion. The truth is, most of y’all (including myself) have never experienced major crashes. I know a good chunk of y’all probably started in 2020 and only experienced 2020 style returns, let me tell you that isn’t normal. + +It’s easy to say “buy and hold forever!!!” And I assume most, if not all of you say that because it’s common advice and common sense, however we all have a plan until SHTF as the saying goes. + +It’s important to keep a level head when it comes to investing. Buffett always preaches that investing doesn’t take smarts, it takes guts. You can put all your money into VOO and have good returns, but if you can’t stomach crashes/corrections and sell, then you won’t make money. + +Personal way of dealing with this: + +When it comes to volatility, I’ve experienced some large 20% plus drops in prices and have held on. It’s hard but I’ve held on and bought more during those dips because I believe in what I’m buying and know why I am buying it. I’ve done my DD over the companies I’m in and that gives me the confidence I need to keep going. What helps me, is not looking. I’ll delete the app or turn off my computer and make myself busy. This helped me the most last spring, I used to watch it like a hawk when things would dip and I’d start to panic and think about selling. When I turn it off, that impulse goes away some. What also helped me was, before I buy anything I write down on a Word Doc, why I’m buying it; and before I sell, I write down and explain what factors changed that makes me need to sell the stock, if nothing changed, I know I’m being irrational and I need to buy the dip. + +So these are just my observations. Not professional financial advice but the tips are what I personally do. +Basically when a company is doing poorly, and bankruptcy might be not too far around the corner, they will seek out a consulting firm to come in and do the job. BCG is just a big guy and a well known name, so they’re trusted. + +Here’s where it turns dark: + +Hedge funds seem to be pretty buddy buddy with BCG. In a sense you could say: a poor dying company looking for a lifeline turns to BCG. BCG then tells their hedge fund buddies WHICH companies are guaranteed to bankrupt, and with just a little push from BCG it’s absolutely a for sure deal. + +Companies aren’t selected by BCG. No one comes to them when business is good. + +These people are actual fucking monsters. +Total assets 103,461,000 + +Total liabilities 51,683,000 + +Total Equity. 51,778,000 + +Shares outstanding (SO) 1.22B + +EPS -9.10 + +P/E blank + +Book value: 23.56 (SO/Equity) + +P/bv 1.06 (Market price divided by book value) + +One share = 25.14 + +D/E 0.9 (total Debt divided by total Equity.) + +Current ratio 1.2 (total current assets divided by total current liabilities) + +So the D/E is .4 too high. The Current Ratio is .3 too low. + +The company does have value but there is an element of risk. + +Is this all correct the method? + +The company is KHC. +So, ive always been a growth investor, I am a getting a little older now and want something a bit safer for the next 15 - 20 years. I am aware of "inflation" and "recession" certain value stocks do well, but from research growth stocks and mostly sp500 is what is in a bubble and possible crash will happen ( a big one) + +I have switched to value investing now for the next 15 20 years as a slow down. You typical value and consumer stocks as follow, PG, JNJ, TGT, HD, COST, FedEx, UL, Krafts. + +what are your guys thoughts? +Does anyone in here do stock picking? If so how much do you usually allocate to your retirement account portfolio? If not then do you mostly stick with index funds? + +As of right now I am 25 and have been contributing to my Fidelity Roth IRA. + +I am striving to incorporate the Boglehead's three-fund portfolio. I also have a fourth fund which is FSDIX (a dividend fund). + +Apart from this from a value investor's perspective, I am seeking if I should add anything to this portfolio mix such as individual stocks or other sector funds. + +As of right now, I have about 65% in a total stock market index fund, 15% in an international stock index fund, 10% in Bond Fund, and 10% in FSDIX Dividend Fund. +I mean from what I understand, value investing is just "I love any company as long as its on a discount". Doesn't everybody want companies at a discount? Why isn't everybody a value investor then? +It’s a really good bank stock that I have bought during the pandemic and made a lot of money with. It’s also at 2x book value which is the highest it has ever been except for 98-02. + +Thoughts? +Is it a good strategy to invest in companies doing buybacks? + +This can be achieved by either + +1. Investing in companies like AAPL,PG etc or +2. investing in ETFs like DIVB or PKW. + +Is it a good strategy to beat S&P 500 or S&P 500 better than buyback companies? +Hey guys, I recently listened to the We Study Billionaire's podcast on Benjamin Graham's "Security Analysis," I wondered if it would be a good idea to purchase the 1st edition or the 6th edition of the book. In the podcast, Preston talks about how the 6th edition has a lot of sections that were removed from the previous editions. Which edition do you guys think I should purchase? +DCA all the way down, as much as one can afford, or do you try so save and watch for signs of reversal before pouring cash in? + +I keep tabs on Berkshire 13f (probably like many around here) and a few of his picks caught my interest. However Celanese has fallen more than I expected (and more than some others) however I am confident that in 10+years that is a stock I'll be glad to own. Anyone have a strategy for getting through the dark times ahead? + Why are container shipping companies currently priced so well? Looking at [$pxs](https://twitter.com/search?q=%24pxs&src=cashtag_click) [$dac](https://twitter.com/search?q=%24dac&src=cashtag_click) [$sb](https://twitter.com/search?q=%24sb&src=cashtag_click) [$dsx](https://twitter.com/search?q=%24dsx&src=cashtag_click) [$cmre](https://twitter.com/search?q=%24cmre&src=cashtag_click) They all have really good valuation and growth metrics with low institutional investment even when compared to their sector. I am worried the market is being efficient here, but I was curious what other folks thought. + +I put together a filter of some volatility, good growth, good valuation on seeking alpha. I was planning on then cross referencing that with whether these companies have a good moat or not. What floored me is of 5 of the 7 symbols that came up were container shippers. + + I want to know why. I have a few running theories: + +1. COVID supply chain restrictions have put a premium on shipping creating a huge surge in value for the associated companies that will likely dry up in the next year. + +2. Interest rates have been cheap and are rising meaning the massive amounts of debt used to build these ships is going to make these companies look a lot less pleasurable over the next two years. + +3. A recession is priced in which will drive down ship demand. + + See [$dac](https://twitter.com/search?q=%24dac&src=cashtag_click) in 2008. Potentially that kind of slaughter could happen again. + +I posted a poll about this on twitter if folks want to weigh in to a poll: [https://twitter.com/Douglas\_Schon/status/1530557462885154816](https://twitter.com/Douglas_Schon/status/1530557462885154816) + +&#x200B; + +I'm super curious what other folks think. +Hello! Just ran a quick DCF valuation on the $DELL stock and personally I found it to be quite undervalued (considering an expected future growth rate of 3%). + +**Positives:** + +\- Attractive valuation (and low PE ratio in comparison to other companies in the tech sector) + +\- Stock repurchases (up to 5 billion), src: [https://investors.delltechnologies.com/news-releases/news-release-details/dell-technologies-announce-long-term-guidance-share-repurchase](https://investors.delltechnologies.com/news-releases/news-release-details/dell-technologies-announce-long-term-guidance-share-repurchase) + +\- Dividends + +**Negatives:** + +\- VMWare spin-off + +\- Negative Total Equity (although it might be partially caused by its stock repurchases) + +\- A bit of debt (it seems to be getting better from the looks of it?) + +&#x200B; + +Would you have used a different future growth rate? + +What are your thoughts on DELL? Do you think it is currently undervalued? Is HPQ any better? + +I would love to hear some input! +I'm still wondering does the cigar butt investing still works. I live in indonesia there's a few company that trade 2/3rd below their current asset value. + +Should i buy them? If so what are the requirements beside the 2/3rd below their current asset value. +Please help,Thanks. +Hi guys, + +Currently i'm investing in ETF'S but i want to make the next step to value investing. What is the best way to learn this? Any good books or video's to learn it? +Thanks in advance +Hey. A business like constellation software and many others are able to consistently generate greater levels of free cash than net income, often substantially more. Is that sustainable and how can this be? Are there any general rules about how to look at companies like this? There seem to be plenty of businesses that trade with appealing free cash flow yields and less appealing P/E rations. Any Help appreciated. +I recently finished up an MBA where I had a rough overview of how to put together a 3 statement financial model. Our class didn't look at the applications for this type of modeling. Is a 3 statement financial model something that can be directly applied to the valuation of a company for security analysis? I saw the Corporate Finance Institute has a lot of resources on modeling but nothing I could find on how to apply security analysis. + +https://corporatefinanceinstitute.com/resources/knowledge/modeling/3-statement-model/ +Thoughts on Kirkland’s? Trading around book value, $25m cash, zero debt, slight YoY revenue growth, positive EPS bolstered by share buybacks. + +The board approved an additional $30m share buyback. The company spent $37m in 2021 on share buy backs. + +Small float. If they aggressively buy shares right now, they could reduce the total outstanding shares by a significant amount. +Thought that this feel-good documentary would fit perfectly into the FIRE community: [https://vimeo.com/59749737](https://vimeo.com/59749737) + +TL;DR: beautiful profile of a doctor who realized he hated his job and himself, and inflected his life to simplify everything and focus on what he loves: rollerblading on Pacific Beach all day long. Great feels. + +&#x200B; + +\[EDIT: Updated to Pacific Beach, not Venice Beach. Thanks for pointing that out!\] +Elon Musk has $150 Billion in Margin loans and he is being sued over $55 Billion of his Tesla options. I've seen articles saying pre split Tesla falling to $570 could trigger a Margin Call for Musk. I can't find any new articles about Elon margin call post split but I've seen on Reddit that if Tesla falls to $120-$130 post split Musk will be margin called. If the Judge in the options case rules Musk unduly influenced the board to grant him that $55 Billion Tesla options package by being a controlling shareholder and forces him to give up that $55 Billion in Tesla shares while simultaneously Tesla falls below $120 ( which it is dangerously close to) will Musk effectively bankrupt himself? The previous greatest destruction of wealth in Modern History was Masayoshi Son losing $70 billion in the Dot Com Crash, his only saving grace being a $20 million investment in Ali Baba that swelled to $100 Billion. Do we have a front row seat to the great wealth destruction in history ($100 Billion or over)? +I would have expected the USD to strengthen given that the Fed is the only central bank in the world that is hiking interest rates. Shouldn't that attract greater foreign capital flow and therefore lead to an appreciating USD? Instead, its down 10% YTD. + +What am I missing here? +Andreas Antonopoulos brought this up in a recent podcast. Bitcoin's narrative has shifted a lot from banking the un-banked, and replacing old corrupt institutions. + +Now, the community is simping for these same corrupt institutions, as soon as they started pumping the price. I can guarantee, these institutions do not care about Bitcoin's censorship resistance, decentralization, or about banking the un-banked. They've just bought Bitcoin, then created hype so that their own investments can go up. + +These institutions will not support changes that improve privacy, as that makes it harder for regulators. They will try to "normalize" Bitcoin into traditional systems. For example, Michael Saylor has said that Bitcoin isn't meant to be used as a currency, he said its just a store of value and a gold replacement. + +He's trying to make it fit into traditional systems. So called "normalization of Bitcoin" is bad. People are trying to make it fit into the same institutions it was meant to replace. + +This institutional investment into Bitcoin is only good, if the only you care about is the price of Bitcoin. + +This community overall has also degraded to where all anyone talks about is these institutions, and the price. + +This hype cycle will eventually die out, and the people who care about price will leave. The people who care about price will sell, and then the big institutions will also panic and sell, and 2017 will be repeated. + +To anyone who is newly into to Bitcoin and bought hoping the price will go up, I don't want to attack you. Instead, I highly encourage you to learn more about what Bitcoin, and cryptocurrency in general is. Learn about how it works, and what problems it actually solves. +This question assumes that the primary buyer of US bonds is the Fed. Assuming that is true, when the Fed reduces its balance sheet they will sell their bonds and therefore hinder the US gov's ability to run a deficit. + +Q: Given that its impossible for the US gov to balance a budget (dont even argue that), at what point will the Fed pivot to dovish and buy bonds again? + +Edit: If I had to answer my own question I would say when the yield on the 10Y reaches something ridiculous like 5%, we are already at 3% after only 1.5 years. + +Btw M1SL has now started to decrease for the first time since forever - will be very interesting to see how low it gets. +I'm pretty young and don't have to pay rent. I feel like I should take some risks and invest in safer stocks like VOO only when I'm older. As nice as 10% gains are every year it wouldn't really be worth much if I'm only putting in a few thousand. +Today at BPASE Karl was giving a presentation on Casper (which was awesome BTW). He casually gave us how much Ether will be needed to be staked to become a validator, though not directly... + +He said something along the lines of "If every bit of Ether was staked that would be about 66,000 validators" ~97,000,000 / 66,000 = ~1500 Eth to be a validator. + +https://twitter.com/keep_project/status/956264134789685248 +Hey Everyone, + +TLDR; used to day trade, now I don't. Made more money holding ETH, even at current price(~$163)than I ever did day trading. + +Been on here since January 2016, invested after the DAOsaster, sold and bought back in at $8 in December 2016. + +I previously day traded to supplement my corporate income. I made about $15k-$20k during both 2014 and 2015 just day trading. Not a ton, but enough to make a $50-$100k a year Sales job not feel worth it when you make a months salary in day. It felt incredible. I paid off my student loans, had some change, and felt very secure. Then I got cocky, and kept trading because I was the fucking man and no one could touch me. Then, I had losses. $500 here and there, the one day I lost $6k in about 40 minutes. Then, I had to pay ~33% taxes on my profits, ouch. So I got out, I stopped trading and decided to save my fiat while grinding at my job like a good lad. + +My buddy told me about Ethereum at the end of 2015. I remember he got into Crypto that year and lost a few grand on some random shitcoin that went bust. So did I think highly of him as an investor? Absolutely not. As a person of intellect, character, and tenacity? Yes. I told him I was pretty skeptical of the Crypto space and I would check it out but likely not invest because I believed security was an issue. Then the DAO got hacked, I got to say, "I told you so", and moved on with my life. + +December 2016 my buddy told me ETH was below $10 and the train was leaving the station, this technology was about to start the beginnings of adoption and large corporate experimentation. All speculation, but I said fuck it and went all in. + +Why? Why would I do such a thing? Because I know when to trust people who know more about a specific subject matter than myself. So far it's worked out. Was I tempted to sell at $420 and roll around in my money. FUCK YES DUDE. That's exactly why I didn't sell. Because I think the ceiling on this is closer to $10k in 2 years than to $400. + +I posted in another thread here that I'm down about $600k on paper since our ATH. I'm not selling, because I believe in the Ethereum Team and technology. I'll go broke fighting for something myself and people better than me believe in before I run away. + +Boom and bust cycles happen, but ETH is truly a winner because it can add value at the most wide reaching level of our bureaucracy -> money, and trust regarding promises made about money via contracts. + +If you don't believe and want to try and make a few bucks on margin, good luck. I know the best path forward for me is as an investor, not a trader. + +This sub has a lot of fat right now, but the the real investors are still here, we're just practicing our humility during the downturn : ) + +Know yourself. Reflect and learn. + + + + + +&#x200B; + +[No caption needed...](https://preview.redd.it/af4680svq5171.png?width=850&format=png&auto=webp&s=220d5483aecf875ac4174b8b4dac29efd76a4881) + +Would like to start off with giving a very special thank you to all of those who helped with last aerial banner that flew over Oracle Park & Chase center in SF before Giants vs Dodgers and Warriors vs Mavericks games on Friday May 21st, 2021. + +[https://www.reddit.com/r/Superstonk/comments/ni89vv/well\_well\_hello\_san\_francisco/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ni89vv/well_well_hello_san_francisco/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +https://preview.redd.it/lha5d96b57171.png?width=696&format=png&auto=webp&s=bed3a3964e52feb0f81b702b39e4911cb236d94e + +&#x200B; + +[Credit: u\/Over\_Reaction2918](https://preview.redd.it/67p2rk8f57171.png?width=960&format=png&auto=webp&s=36b78abf5843ddfc350c8e1bed8fbeb699d96734) + +Due to air restrictions could not have last plane fly over during game. + +Well going to be hearing back tomorrow from [https://www.aerialmessages.com/create-a-shared-flight/](https://www.aerialmessages.com/create-a-shared-flight/) for inquiry on a blimp to fly over Citi Field **during** the game. + +On the website it says they may be able to get waivers to allow it. + +If not, we can shoot for before the game or any area with the most visibility as possible. Like by the NYSE or even Citadel HQ in Chicago. + +I chose Citi Field because of most recommendations from fellow apes in last posts. + +The reason being because the owner of NY Mets also the Hedge Fund Manager and founder of Point 72 is Steve Cohen. + +"Steve Cohen's hedge fund Point72 has raised $1.5 billion after suffering heavy losses in January and providing a lifeline to Melvin Capital, as short-sellers were hit by the GameStop saga, according to a [**report in Bloomberg**](https://www.bloomberg.com/news/articles/2021-02-02/cohen-s-point72-raises-1-5-billion-after-melvin-infusion) and other outlets. " + +source: [https://markets.businessinsider.com/news/stocks/steve-cohen-point72-raises-money-gamestop-saga-melvin-capital-2021-2-1030039224](https://markets.businessinsider.com/news/stocks/steve-cohen-point72-raises-money-gamestop-saga-melvin-capital-2021-2-1030039224) + +Let that sink in. + +So this next one may be a longshot, yes, but still the message needs to be heard and seen. + +Pre or post MOASS, it is still just as relevant. + +**This is the change that has to happen.** + +I know I know, some of you may say buy more shares instead, but this has the potential to reach **millions** tuning into the game. + +This can cause the kind of buying pressure along with awareness that will make every single Short Hedge Fund tremble in their daisy dukes. + +Also to make the SEC and U.S. GOVT **finally** legislate much needed reform. Or the way I like to put it, make them do their fucking jobs for once! + +Apparently no change happens unless **the people** get angry enough. Well I for one, know I'm fucking pissed TF off so if you're feeling the same way, let's channel that energy into supporting a great cause. + +Are we going to take this lying down? + +Or for once, just for one moment in history, are we going to take a **REAL fucking** **stand!?** + +With all that said, it's my pleasure to give another very special and well deserved thank you to: + +u/pinkcatsonacid and Lucy Komisar for the most recent AMA. + +Despite being cut short due to technical difficulties, the information shared was unignorably powerful and it definitely lit a fire under my ass!!! + +# Let's create a message that will go down in the history books! + +# One that will be heard and seen around the world!! + +# Let's get the sleeping giant aka the public to: + +# WAKE THE FUCK UP!!! + +I'd like the message to read something as follows: + +>**Since The Great Depression,** +> +>**the SEC and U.S. GOVT have ignored NAKED SHORT SELLING.** +> +>**In doing so, NEGLECTED the best interest of the people.** +> +>**This is CLASS WARFARE and GameStop is the battlefield.** +> +>**BUY HOLD & VOTE $GME For more info visit** [**Reddit.com/r/Superstonk**](https://Reddit.com/r/Superstonk) + +In case it needs to be shortened: + +>**\*\*ATTENTION\*\* SEC and US GOVT: BAN NAKED SHORT SELLING!!!** +> +>**This is CLASS WARFARE and GameStop is the battlefield.** +> +>**BUY HOLD & VOTE $GME For more info visit** [**Reddit.com/r/Superstonk**](https://Reddit.com/r/Superstonk) + +&#x200B; + +\*\*The location and message is not permanent and can be changed. Not sure what the character limit is just yet so any suggestions please do leave them in the comments below. Thanks again! \*\* + +# NOTE: We will NOT be charged if the campaign is not successfully funded. + +# edit: For security reasons not accepting private messages, please communicate with me here in the comments. + +# Official link for donations from [aerialmessages.com](https://aerialmessages.com) coming soon! +Based on last year's algorithms, we would have gotten back $1200, but we owe money instead. I cried after I finished my taxes for like an hour. I don't know what to do now. It's been many, many years since my last not-a-family-obligation vacation and now I have to postpone again. + +Edit: Because some people have been asking, my full time job did not withhold any taxes in 2017 at all, and just started withholding them for my husband and I in 2018 (he works part time at my full time job) so my paychecks were smaller in 2018 than 2017, of course. I was just disappointed overall and thought some people would like to commiserate. + +Edit: I only owe $90, but since I was expecting money back, I was sad. I was really hoping for a vacation, that's all. I don't really have any paid time at work, so I have to save enough to pay myself for my vacation days. + +Edit again: I'm mostly upset because my tax liability went up after last year without my noticing it would happen. I didn't think it was possible considering how little we make, but there it is. +So, besides the daddy bitcoin, ETH has been number 2 by a long shot for some time. I personally doubt it will be taken if number 2 anytime soon if it would ever happen. + +I'm also bullish enough that ETH is pretty much my biggest investment in cryptocurrency personally. + +Bitcoin and ETH have had some dips lately but I thi k that's more reflective of the crypto market as a whole at this moment in time. When the bulls come back I imagine BTC and ETH still retain for the top for the time being now. + +With all the said though- TL;DR- do you believe ETH is still a good long term investment? + +(IE- one of the safest bets if you're gonna invest a lot in the crypto market...) + +Thanks 🦉✌ +I just experienced this heartache this morning, but I'm glad I did because it really was a learning experience. + +At the bell I got emotional and watched the SPY poop like it did yesterday, and I assumed the same would happen today. + +I sold too early. 5 minutes later, those same contracts were worth 5X after SPY recovered a bit. + +Lesson: Wait for the market to shake out before selling options at the bell. Give it time to confirm -- a loss -- or a win. +Hello everyone, + +We are 27M + 26F, just hit 200k last week. + +We originally planned for 3 small trips (3 days each) and 1 big trip (2 weeks international) for 2019 and will still save 80k. After asking for days off around Thanksgiving and Christmas to spend enough time with families, my SO still have 6 PTO days left he either use it or lose it. So he proposed to have 6 more small trips, which enable us to have a vacation almost every month. + +Last year we took a 4-day biking/hiking trip which cost $1000+. Renting a car (we don't have one) cost $100 a day; staying at a B&B cost $150 a night; bike rental + shuttle bus was $60 per person, park entrance fee was $20 each, etc. My SO loved it and wanted to do like 3 more this year. I just felt that this trip offers very low value. We could have taken our own bikes (which are much nicer than the rental bikes BTW) on a $2 bus to bike in the FREE park right outside of the city that we've never been to. + +I agree that we should make memories and travel more before we have kids, not wait until we RE. But I don't think we need to spend big bucks on the trips. While my SO thinks that I am overly frugal and don't want to have fun in life. + +How are you guys enjoying your vacations? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Hi all, +As part of a workcover settlement I was awarded 55 thousand as a lump sum. +I’m generally bad with money and know that if I take it into my account I’ll buy ridiculous stuff until it’s gone. + +So, the question I ask is what should I do? + +I want to pay off some of my debt, which stands at about 10k, then maybe give it over to an investment firm or something? I have a baby on the way so I figure locking it up for the baby is a good idea. + +I live well enough on my current earnings, and rent a place at the moment. I have expenses down to where I am able to save money and I don’t live off 2 min noodles so I would say my life is stable enough that I don’t need the extra cash. + +I would like to own a house in about 10 years but feel I can achieve a down payment on my current earnings. I would like to own a bunch of toys too but that’s just silly. + +So, who would I talk to about this? What do I look for? Where can I find the products and lingo to learn to know a bit better? + +Ps. I like to think I’m a bit more clever than this post makes me out to be, but then again maybe it’s just exposing my stupidity. +Hello, + +To be clear, it is extremely unlikely that the US will default on its debt in the near future. It's a sensationalist piece submitted for the upboats. China also recently issued a stimulus that was larger than the US stimulus as a percentage of GDP... + +Thank you. + +Edit: Removed the Mod tag +CAIN: I don’t have facts to back this up, but I happen to believe that these demonstrations are planned and orchestrated to distract from the failed policies of the Obama administration. Don’t blame Wall Street, don’t blame the big banks, if you don’t have a job and you’re not rich, blame yourself! [...] It is not someone’s fault if they succeeded, it is someone’s fault if they failed. + +Mr. Cain, here are some tenants of economic theory and arguments opposing your flawed line of logic. + +**Minimum Wage and Unemployment** + +"An analysis of supply and demand of the type shown in introductory mainstream economics textbooks implies that by mandating a price floor above the equilibrium wage, minimum wage laws should cause unemployment.[65][66] This is because a greater number of workers are willing to work at the higher wage while a smaller numbers of jobs will be available at the higher wage.[65][66] Companies can be more selective in those whom they employ thus the least skilled and least experienced will typically be excluded.[65][66] + +According to the model shown in nearly all introductory textbooks on economics, increasing the minimum wage decreases the employment of minimum-wage workers.[67] One textbook says: + +If a higher minimum wage increases the wage rates of unskilled workers above the level that would be established by market forces, the quantity of unskilled workers employed will fall. The minimum wage will price the services of the least productive (and therefore lowest-wage) workers out of the market. ... The direct results of minimum wage legislation are clearly mixed. Some workers, most likely those whose previous wages were closest to the minimum, will enjoy higher wages. Others, particularly those with the lowest pre-legislation wage rates, will be unable to find work. **They will be pushed into the ranks of the unemployed or out of the labor force."**[68] + +It seems more aptly so that Occupy Wall Street protesters act out of disgust for inequality. + +**Capitalist Inequality** + +"Critics argue that capitalism is associated with the unfair distribution of wealth and power; a tendency toward market monopoly or oligopoly (and government by oligarchy); imperialism, counter-revolutionary wars and various forms of economic and cultural exploitation; repression of workers and trade unionists, and phenomena such as social alienation, economic inequality, unemployment, and economic instability. Critics have argued that there is an inherent tendency toward oligolopolistic structures when laissez-faire is combined with capitalist private property. Capitalism is regarded by many socialists to be irrational in that production and the direction of the economy are unplanned, creating many inconsistencies and internal contradictions and thus should be controlled through public policy.[29]" + +"In the early 20th century, Vladimir Lenin argued that state use of military power to defend capitalist interests abroad was an inevitable corollary of monopoly capitalism.[30]" + +Che Guevara wrote: + +The laws of capitalism, which are blind and are invisible to ordinary people, act upon the individual without he or she being aware of it. One sees only the vastness of a seemingly infinite horizon ahead. That is how it is painted by capitalist propagandists who purport to draw a lesson from the example of Rockefeller — whether or not it is true — about the possibilities of individual success. The amount of poverty and suffering required for a Rockefeller to emerge, and the amount of depravity entailed in the accumulation of a fortune of such magnitude, are left out of the picture, and it is not always possible for the popular forces to expose this clearly.... **It is a contest among wolves. One can win only at the cost of the failure of others.**[31] + +**Influence of Property** + +"Pierre-Joseph Proudhon and Friedrich Engels argue that the free market is not necessarily free, but weighted towards those who already own property.[10][48] They view capitalist regulations, including the enforcement of private property on land and exclusive rights to natural resources, as unjustly enclosing upon what should be owned by all, forcing those without property to sell their labor to capitalists and landlords in a market favorable to the latter, thus forcing workers to accept low wages in order to survive.[49] In his criticism of capitalism, Pierre-Joseph Proudhon believed that the emphasis on property is the problem. He claimed that property is theft, arguing that property leads to despotism: "Now, property necessarily engenders despotism—the government of caprice, the reign of libidinous pleasure. That is so clearly the essence of property that, to be convinced of it, one need but remember what it is, and observe what happens around him. Property is the right to use and abuse." + +Mr. Cain, if you were unaware, money is scarce, and is made scarce by governments and oversight entities. This tenant alone, is reason enough for financial inequality, in virtually every system of government utilizing a monetary system. Because money is scarce, jobs will also become scarce. Many of those that are unemployed can blame the flawed system. + +------------------------------------------------------------------------------------------------------------ +(10) Engels, Frederick. "Historical Materialism -- Socialism: Utopian and Scientific" + +(29) Brander, James A. Government policy toward business. 4th ed. Mississauga, Ontario: John Wiley & Sons Canada, Ltd., 2006. Print. + +(30) Vladimir Lenin. "Imperialism: The Highest Stage of Capitalism". http://www.marxists.org/archive/lenin/works/1916/imp-hsc/index.htm + +(31) "Socialism and Man in Cuba" A letter to Carlos Quijano, editor of Marcha, a weekly published in Montevideo, Uruguay; published as "From Algiers, for Marcha: The Cuban Revolution Today" by on March 12, 1965 + +(48) Proudhon, Pierre-Joseph. "What Is Property? An Inquiry Into the Principle of Right and Government" + +(49) D'Amato, Paul (2006). The Meaning of Marxism. Haymarket Books. pp. 60. + +(65) McConnell, C.R. and S.L. Brue, Economics, Irwin-McGraw Hill, 1999, 14th ed., p. 594. + +(66) Gwartney, J.D., R.L. Stroup, R.S. Sobel, and D.A. Macpherson, Economics: Private and Public Choice, Thomson South-Western, 2003, 10th ed., p. 97.] + +(68) David Card and Alan B. Krueger, Myth and Measurement: The New Economics of the Minimum Wage, Princeton University Press, 1995, pp. 1, 6-7. + +**See bottom for updates on the situation** +EDIT: I realized how confusing it was for everyone that I listed all prices in Canadian currency. I went through my post and edited all of them to USD. If you see people talking about a $69k loan, that’s referring to $49k USD, as now written below. + +Hey! My fiancé and I purchased a 2019 Kia Sorento in May 2019 from a Kia dealership. It was our first car purchase. We did end up having some buyer’s remorse for the following reasons (I’m Canadian but I converted all prices to USD): + +1. $231 biweekly, 84-month financing at 7.99% - High interest rate, long term loan made me nervous and payments were a wee bit above budget (by a wee bit, I mean more like a lot). + +Originally, we wanted to get a cheaper used car (budget: &lt;$20,000) but the $8,000 cash-back offered by the dealer was a pretty attractive option at the time. That cash back was only available on the purchase of a brand new, more expensive car. The Sorento was valued at ~27k. We paid off most of our credit card debt with that cash back. + +So I was making breakfast two days ago when I got a random phone call. I answered, and it was the Kia dealership that sold us our car 10 months prior. They were letting us know about low interest rate promotions they have going on. “You could qualify for a 0.99% interest rate if you’re interested in trading-in your car!” I was skeptical but kept an open mind. Going from 7.99% to 0.99% is a big jump worth looking into, in my opinion. I let them check our eligibility for this rate and yes, we were eligible. They asked if we wanted to come in to know more and check out some models so we decided to go in the next day. + +Fast-forward to yesterday afternoon, we test drove a 2020 Kia Sportage SX Turbo. Going in, I was hoping that if we did decide to trade in our Sorento, it would be for a car cheap enough to keep our biweekly payments roughly the same. I didn’t feel great about looking into a trade in so early on in our financing due to the negative equity from the car we barely paid for. + +The dealership offered us only $17.5k for the Sorento. My question to them was: is rolling over that much money into a new loan really worth the crazy low interest rate? Their answer was yes, but I was still skeptical. They convinced me when they said that we’d be paying down our principal much faster than with that 7.99% rate. More money goes to the car, less to the bank. + +I did not think we would be walking out of that dealership 3 hours later having signed a bill of sale and loan paperwork for that Sportage, but we sure did. + +My regrets: + +1. I rushed the decision. I told myself I wouldn’t but we were getting close to them closing for the day and I wouldn’t have had time to come back for a little while. What if the deal was gone after a few days? I let them pressure me into making a choice right then and there, I should have slept on it. + +2. We are now binded to a loan of 49k over 84 months, $280 biweekly at 1.85% (apparently the bank could only offer 0.99% for loans less than 15k... 1.85% is still better than 7.99% though.... right?). That’s an extra $93 a month out of our pockets and we have reset to 84 months of payments ahead of us. Negative equity rolled over was ~13k. + +3. I think we should have waited at least 2-3 years before considering this, to reduce the negative equity rolled over. But how much interest money were we throwing away with that 8% rate?? + +I need some perspective. Are we complete idiots or was there some sense in rolling over that much negative equity to slash our interest rate? Be as harsh as you need to be, I really need some guidance. We’re feeling SO stupid right now but are we overreacting? + +For your info, we haven’t even driven this car off the lot yet, that’s happening in 6 hours. + +EDIT: If anyone has advice on talking to the dealership about backing out, I could use that too. I know that legally I don’t have a leg to stand on, but I’m hoping to make something work. + +UPDATE (super detailed, for anyone interested): +So we spent roughly four hours at the dealership today. We went in there and first read through all the paperwork with the hopes of finding a significant error. The only thing that was weird was that in the loan paperwork, under our expenses, the amount I pay for my apartment rental was written as $1 (I had inquired about that before signing, she said that it doesn’t really matter). The actual rent payment was put under my fiancé’s name, who was put down as the co-buyer in this thing. + +The sales manager came in and listened to what I had to say. He asked me what I want, and I said that we’d like to cancel the contract if at all possible. He said that he’s willing to go ask his boss. A few minutes later, he came back telling us that he didn’t notice that the loan had « already been processed by the bank » and that there’s nothing they can do on their end. We told him we’ll give the bank a call then. By this point, we expected some serious bluffing. While on hold with the bank, we told him that we don’t feel good about the slight increase of interest rate exposed to us right before signing. He replied by offering a $1400 USD rebate (not part of loan but I’d have to make sure of that). He also added on free oil changes for life. We thanked him but expressed we’d still like to cancel. + +We were on hold for almost two hours but finally got to a CSR. We explained our situation, gave our names and phone numbers and he attempted to pull up the loan information. He found absolutely nothing and told us that a loan like this wouldn’t be processed in less than a day. We went back into the dealership to tell them that. The sales manager showed us an ‘official document’ from the bank itself showing details of the loan. That’s when the GM came into the picture. He said that CSR’s normally wouldn’t have access to that kind of info so soon so that’s why the guy missed it. He was pretty stern, telling us that they’re within their rights to refuse any sort of unwinding of contract (which we acknowledged as well) but that he’s willing to sympathize with us. He explained why it’s not as simple as just ripping up the contract and going about our separate ways. Here’s his points: + +1. « The way that registering a sold car works, we can’t register one and cancel that registration without the car’s status permanently changed to Used. The low interest rate that we offered you, we got from paying the bank that difference in interest (from a typical rate like 5-6%) out of our own pockets. If the car comes back to us as Used, we can’t offer that same low interest deal to others so we lose potential sales » + +2. « You were already in a not so great situation with your Sorento. At an 8% interest rate, you’re spending over $10k in interest over 7 years. Why not put that same amount of money into paying down principal faster? + +So as you can see, more sales tactics at play. My questions at that point: first the only issue is the bank already procesded the loan, now it’s also that they can’t unregister the car without penalties. Obviously they’re trying to keep us locked in. I explained some more how I’m feeling about this sale. Their general manager offered that we pay them $5k to offset their losses from: undoing the registration, from prepping the car for possession, etc. We’d get the contract voided and get our old car back, which they now own. That was his final word. + +Alternative? Keep the contract, but with added incentives: $1.4k check (difference between 1.85% and 0.99% interest rate), free oil changes for life and a $1000 CAD credit for servicing from them. + +I know that these incentives don’t measure up to our losses from going through with this loan so we don’t wanna go that route. + +We left the dealership telling them we need an extra day to think this through. We’re still using the car we test drove as a loaner car for the time being. Still haven’t driven the new car so hopefully it’s not over yet. + +FINAL UPDATE: The contract is now VOID! We did end up paying for some servicing fees on the original car (cleaning, tire changes they had already done) but considering they cancelled the contract for us, that was more than fair! We have 100% learned our lesson. Thank you all! +As the price rises it is inevitable that we are going to be flooded with new people scrambling to get set up with an exchange because they want to buy in and ride the train. They are going to ask the questions that have been asked a thousand times before. They are going to make the same mistakes that a thousand other people have made and they are going to turn to us for help and confirmation that they are not alone. + +So bust out a nice shirt and lets make them feel welcome. We might as well since there is nothing we can do to stop it. Crying about it won't stop it. Yelling at them won't stop it, and in the end, it's all good. Let's try our best to turn the negative aspect of the new and frustrated into a positive. + +We were all new once and every single one of us is riding on the backs of giants. So lets honor that role with dignity as we all ride to the moon together, or not. ;) +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. +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. +Title. + +I hear a lot of people recommending getting an umbrella insurance policy to protect their assets against lawsuits, but I was just wondering if they’re reliable when stuff happens and they have to pay up. I’m wondering that because 1) the monthly premium/fee for most umbrella insurance policies look VERY low compared to other insurance types and because of that, I feel like they would be really stingy with their money, and 2) I’ve heard from an asset attorney (not an unbiased source, i know) that those insurance companies will fight tooth and nail not to pay out. +* 22 in burgerland +* elderly guardian on death bed +* Only person physically able to work +* had to cancel gym membership cause can't afford it anymore +* no car +* no parents +* >!no gf!< + +&#x200B; + +I desperately want to climb out of this lonely pit of depression and poverty and addiction but why does it seem like every step I take I get shoved 10 paces back??? I've sent so many applications out through various platforms, not even McDonalds will hire me, Target rejected me three fucking times. I have fast food, retail AND warehouse experience so what fucking gives? I enjoy my current job but don't get many hours so I need a 2nd job to sustain and contribute a heavy amount to bills at home. I'm literally typing this on a raspberry pi cause my desktop gpu died. It's probably cheaper to just construct a dingy gpu myself at this point. Can't afford to go to therapy anymore so I stay collecting "mental health" books to do it myself but then again, what's the point of spending time getting better mentally If I'm going to just get evicted, have my lights cut off, or fail college cause of this mother fucking stunted single board l00nux computer? I lay on my futon and cry myself to sleep only to open my eyes in the morning and do it ALL over again. I've been poor and dependent as fuck all my life, I can't imagine a situation where I escape this hell hole + +I must have sinned heavily in the past life, I don't understand why this is happening or how to get out. Too much of a p\*ssy to kill myself, I wouldn't because I'd hate to hurt my family that way but It crosses my mind often. I know that there's lots of people who made it out from way worse situations but holy shit, I don't know what to do. I have no significant figure for guidance or support, I have so many incentives to just waste my life away getting high and watching porn from sunrise to sunset but I don't want that. What the fuck is the point of this? Just meaningless suffering with no hope of getting better anytime soon? +I think this general sentiment will help people’s mentality not only today, when it feels like the market will end up at zero, but the next time it goes on a bull run. The reason people buy as the price is rising is because they’re afraid it will keep rising forever. But any stable market, be it a stock market or a crypto market, will experience periods of rise followed by periods of recessions. When the price is going up, know it likely won’t go up forever. And when the price is falling to the floor, know it likely won’t fall forever. + +To me, this mentality is more important than HODL. The problem with HODLing, in my opinion, is it prevents you from ever accepting financial gains, which is the whole point of investing. When the market rises, if you’ve made any profit, you should sell some and be satisfied. But subsequently, when the market crashes, as it is crashing hard currently, it is prudent to remember two things. Firstly, if you are willing to cash out a portion of your gains prematurely, it’s an insurance policy against fearfully cashing out your losses when the market declines. But secondly, this is a game of odds. Yes, history repeats itself until it doesn’t, and it is within the realm of possibility that the CryptoCurrency market will completely implode on itself. But more likely, this is a period of recession that will be followed by a period of gain. Market volatility is actually a sign of a generally stable market (just ask stock brokers). So don’t panic today, but remember this feeling the next time your portfolio is showing massive profitability, and don’t forget to keep cashing out portions of your investment. There is of course a value to HODL’ing something. But in my eyes, it’s rather foolish to always HODL everything. Because best case scenario, if you sell a portion when it rises, you can always use a portion of what you sold to buy back in at a later date, and worst case scenario you end up with the lesser of two profits! Better to sell early in the green than panic sell in the red. Because in all likelihood, it won’t rise forever, and it won’t fall forever. +TL;DR: Student with 4 GME shares @204$ + +The past few day have been rough for many of us. I can only remotely imagine how some of you feel, that literally have put their life savings into our holy grail. Those are the days, when conviction is shrinking, the shills are turning against us and the portfolio is going tits up. +I am very grateful for the people here that spend a lot of time posting their dd on the current option and short interest situation. You are giving people faith in times when our Ape-hairs are turning gray or just fall out. However, I feel urged to remind you of your situation: +- can you cope with your entire position going tits up (🌈🐻 - case basically but needs to be taken into account) +- if you have a major position in $GME, do you have a clear case for what is supposed to come? +- Does your dd rely on objective data-sets or rather emotional bias? We are all prone to confirmation bias. Thats why I browse the sub so frequently + +One final take: try to avoid margin as it restricts your freedom and might force you to 🧻👐 at the worst situation due to a margin call. If you are in it with your life savings you dont have to double down with money you dont own. Otherwise you might as well sell your kidney... + +Anyways I am riding this to Valhalla fellow apes 🦍🦍🚀🚀🚀🚀💎👐 +Anyone who argued reducing ETH to say 1 per block would be too much and put ETH at risk, is now essentially being proven wrong. The amount of USD per block released is what matters. You idiots who wanted to keep issuance high to keep mining profitable "for the small guy" can now still get your 3 ETH, only they are worth 1/3 of what they were so it would have been the same as getting 1 ETH at $450. + +You also said the network would be vulnerable to attack if issuance was dropped too much. WELL HERE WE ARE. We are at the equivalent USD of 1 ETH being released and the network hasn't been attacked yet. Now you small guys can no longer mine AND the price of ETH is crashing. Good call. Keep pumping those coins out to "secure the network" +/u/Seneca_81/ and I were commiserating on the /r/ethtrader/ habit of blaming overfunded ICOs for recent on price decreases and I want to kill this trend. **This is a market correction (and a healthy one) across ALL cryptos, not just ETH and ERC-20 tokens.** + +If you believe the price is dropping because of ICOs you're also attributing the massive bull run of 2017. [And this hedge fund director agrees with you](http://www.coindesk.com/bitcoin-hedge-fund-director-icos-eureka-moment/): + + +> Recalling this broader increase, the company's director, Daniel Masters, a former energy trader with J.P. Morgan, went so far as to argue that it is the appreciation of alternative cryptocurrencies and ethereum assets that has become the driver of bitcoin's price. +> +> "It was other coins and tokens that were driving value, outperforming bitcoin while dragging the whole complex higher," he wrote. + +Can we stop with this tired scapegoat excuse and get back to shitposting until our rocketship refuels? + +I’m here to vent. + +I’m pretty fortunate that my job had pharmaceutical reps coming 3x a week for breakfasts or lunches for us in the office. Most people are respectful the first pass around for food. If there’s leftovers, we save them for the next day and then after that people are free to take extras home. + +There’s been someone in the office who takes more than they should. I’m sympathetic because I don’t know what others situations are and hey maybe they needed that. + +But today we got a message that there were 6 half gallons of OJ left from breakfast the other day, and they were up for grabs. + +One person took all 6. I just wanted one to have for Christmas morning. So I replied “wow thanks to who is leaving us an open one and taking the 6 jugs” + +And someone comes around like don’t complain the bosses don’t care and will take lunches away from all of us. It’s just OJ. Who cares?” + +I care. My main source of food is the meals provided by my job. Everyone loves how much weight I’ve lost and how good I’m looking…but that’s because I can’t feed myself. But no worries. Nobody cares. + +Edit: I’m crying about OJ. Lmao. +The fake squeeze is a narrative pushed upon us in a highly sophisticated plan in order for people to day trade GME. Hey want liquidity and an illusion for the people to sell in order to buy the dip and end up with more shares. + + +If they ever fake squeeze it, they will get margins call and go bankrupt. Look at April 16-19-20 it will squeeze then and MOASS will leave earth. + + +Make sure to buy after it consolidate at the bottom cause other shorters will short on the way down. Squeeze again on the 17th July. + +DO NOT DAY TRADE GME + +(Not a financial advice) +I own $SPG and am up just over 100% with a YOC of around 8%. It is about 60% of my portfolio. + +The other 40% of my portfolio is mostly ETFs, with some other individual stocks. + +My question is how do you decide whether or not to sell part or all of a position? + +I've considered selling some of my SPG to purchase shares in other companies and more ETFs to diversify a bit, but I like the company and believe they will continue to remain strong and keep paying/growing the dividend. For a bit longer at least. +Based on the several comments in reddit, it seems like most investors have recently started investing in QYLD. I myself started buying it in 2020. + +Do we have any long time holders of QYLD here who have been buying and holding it for past 4-5 years? How was your experience with it during the market drawdowns during end-2018 and covid crash of 2020? +Been mostly spending my time learning about valuing growth companies, and starting to dip my toes in the dividend world this year. This might be a simple question, but I am trying to understand how inflation will affect the value of future dividends received. I understand that cash today, or this quarter is better than cash 5 years from now in a high inflationary environment. However wouldn't that just hurt the value of future dividends? Does that mean I should only pick dividend companies that will raise their dividend every year, to fight that inflation? Or does the "dividend snowball", or reinvesting your dividends mostly counter inflation? Does inflation hurt dividend growth companies more than higher yield dividend payers? + +Any advice or reading materials would be appreciated. Thanks! +1. I have a drinking problem (made more convincing if you actually have one which if the market keeps dropping you probably will soon). +2. I have a drug problem but I'm getting help. +3. I have a drug problem and I'm never getting help. +4. I have a gambling problem (the best lies are the ones that are also true so this one is a good one!) +5. I'm having an affair with my much younger and hotter receptionist. +6. I used to have an affair with my receptionist and she now has my bastard child that I need to support. +7. I have very specific pornography tastes that require expensive donations to have carried out (you will NEVER receive follow up questions on this one!) +8. I purchased and then lost 11 wallets full of cash one after another. +9. I brought a new home to live in but I forgot the address of where it is. +10. I traded it all for magic beans in the hope of a beanstalk growing in my garden and allowing me to find the golden goose (this one is more of a retelling than a lie). +Hello, "Apes". it is I...also....ape. Yes, ape. Here to bless you with lots of rocket emojis and bananas as I am clearly one of you. Or something. We still say on fleek, right? I mean, I totally know, but I'm not sure if you, too, are...you know, fellow ape.... + +&#x200B; + +Hmm, it seems as though my emoji keyboard has been replaced with a regular Boomer keyboard. This makes fellow ape very angry, and I will certainly go out in seek of a real keyboard after this, ape honor. + +&#x200B; + +Anyhow, I've seen an enormous amount of confusion from the, you know, "non-apes", about what $CLNE's contract with $AMZN is. So this will all be review to you because you guys CLEARLY are savvy and intelligent investors who don't get led by the nose by bots, but for the non-apes, this will be good information. So let's talk about it: + +&#x200B; + +# What's the deal: + +&#x200B; + +In late April, $CLNE entered into an agreement with $AMZN to provide their carbon-negative RNG fuel to $AMZN trucks nationwide. This deal called for $CLNE to construct an additional 19 Clean Energy fueling stations in addition to the 27 stations $CLNE had astutely built right next to $AMZN's warehouse as part of the long game to get out of the friend zone with them. In exchange for this consideration, $AMZN will be buying a fleet of RNG capable vehicles and purchasing, at a minimum to complete the arrangement, over 200 million gallons of RNG as part of their goal to become carbon neutral by 2025 - and as the most green fuel in the world, RNG represents a big chunk of being able to fudge some carbon footprint in other areas by overcompensating in fuel. To make this deal attractive to Bezos, ape-in-training Andrew Littlefair worked a deal to issue up to 53,141,755 shares of $CLNE stock via warrants at a cost basis of $13.49, to be executed at various gates over the next 10 years. That represents about 27% of the company. But you smart and intellectual apes already knew that. I mean, obviously. + +&#x200B; + +The first 13,283,445 shares are fully vested upon the execution of the agreement and an affirmative vote by the shareholders, many of which are you apes because you were so smart as to buy $CLNE without having to be beaten over the head with picking a decent company for once. That happened today. The remaining 39,858,310 are only able to be executed by Amazon if they buy fuel - a lot of it. Half a billion dollars of it by today's value, which most people estimate will be worth 1.5 billion over the next 10 years as prices rise. Again, you smart apes already knew this and know that, with a present market cap of only 2.23 billion dollars, this 1.5 billion represents almost the entire value of the company as it sits today. I don't know why I keep telling you things you clearly already know. It must be because I am not a smart ape like you. Amazon, of course, only signed this deal because they figure that 13.49 they'll pay per share is a bargain compared to what the company will be worth as they stepdaughter swap $CLNE out to all their buddies for corporate porn. + +&#x200B; + +# Now, the part the less intelligent "non-apes" don't seem to grasp, but the most important part: + +&#x200B; + +Less discussed is the fact that $AMZN, under terms of the deal, will never be permitted to own more than 5% of the company at any given point. If they ever go over, they've got to give up some shares of the company. This is the most important part of that entire deal, and it's the part most people don't seem to understand or one they disregard as irrelevant. Basically, no more situations like CLNE is in with $TOT right now where that company owned 20% of $CLNE at one-fucking-penny per share, and has been fucking the stock price for almost 2 months as they de-leveraged with their 800 baggers. Obviously, $AMZN is going to want more than the $13.49 a share they're paying, which means it's in their best interests to see to it that $CLNE is worth as much as possible. Which very likely means buying more fuel than required as well as "gently nudging" their distribution partners to go RNG, as well. And by gently nudging, obviously I mean "waterboarding until they comply". You're already starting to see some of the results of this, with a deal being worked out between $UPS and $CLNE, completely of their own free will of course, to partner up for RNG contracts. + +&#x200B; + +# Why does any of this matter? + +&#x200B; + +Again, all you apes that are clearly more smart than me, "fellow ape", but clearly not as clever as the ape collective, you know this, but it's this: If $AMZN's "win" in this deal is acquisition of diluted shares which they will not be able to actually keep, then in order for $AMZN to "win", they have to be able to sell those shares for more than $13.49 as they keep at their 5% ownership ceiling. The floor on $CLNE's price should not be 13.49 because that's what $AMZN is paying, that's wrong, and everybody who's been saying that has had it backwards. The floor should be 13.49 because that's what $AMZN's cost basis for compulsory SELLING is. And I guarantee you $AMZN didn't agree to pay $13.49 a share on top of 3-something a gallon for cow farts to break even or lose money. Confusing, I know. I mean, my 6 year old would probably figure it out if she had an extra chromosome, but I failed as a genetic donor and she only has the standard 46. + +&#x200B; + +So there the "non apes" have it, because I know all you real apes not only already had this figured out, but definitely didn't get suckered into buying $WOOF because a botnet told you to today or paperhanded shares in $CLNE when it dipped 10 cents rather than shooting straight up during the investor meeting after all the non-apes got distracted and FOMO'd into some losses and started creating confusion about what this $AMZN deal actually was by displaying they didn't understand it. Damn non-apes, am I right, um...fellow...ape? + +&#x200B; + +TL:DR: Bezos is smart ape. And you are clearly smart ape. Smart apes hang out with each other. This is just like being Bezos. Except better than Bezos, because you smart apes can keep buying more shares. Poor Jeff can't. Jeff's not as wise an ape as a WSB ape. + +&#x200B; + +Fear and Loathing, + +&#x200B; + +\-CD +Hello all, + +Before I begin, let me just start by saying that I am in no way, shape, or form a financial advisor, and may in fact be legally retarded. So please take what I say here with a grain of salt. Just know that just like yourselves, I'm balls deep in the GME // AMC phenomenon, and the past two months have been the most interesting in all of my life. + +Also, please note that I'm on a laptop, so I'll likely come back and edit this to make it look more enjoyable on a phone. Please forgive the lack of \[rocket emoji\]s! EDIT: 🚀🚀🚀🦍🦍🍌🍌🌝🌕 + +EDITED TO REMOVE POSITIONS🛑 + +**A BRIEF LOOK BACK** + +So as we all know, GameStop took off in January. A lot went into it, and a hero was born. We know him as r/DeepF\*ckingValue, otherwise known as RoaringKitty on YouTube and Twitter. His ape name is Keith Gill, and was recently put in the hot seat at the recent Hearing regarding the trading halts that occurred in January, which ultimately prevented the squeeze from being squoze by eliminating a vast percentage of buying pressure. + +He likes the stock, but is not recommending that we buy it. He's recommending that we do our own DD, and dive into the rabbit hole of a crooked-fucked market ran by greed and manipulation that we've been watching day in, and day out for the past two months now, and the mess that they've created regarding short interest, failed to delivers, etc. + +AMC happened to be in the mix during all this, and up to this point has survived as capable, and has saved AMC entirely. + +Both of these stocks have a great support system behind them, and that in and of itself is why we will not fail. + +All we have to do is put up with the bullshit that is coming our way, and man, it's quite spectacular the lengths that these hedgefucks are willing to go to in order to try and shake us out of our positions. + +ITS NOT FUCKING WORKING. + +**WHERE ARE WE NOW?** + +Here we fucking are, March of 2021, and GameStop is trading at $200/share after reaching a peak of $350 last week before the stoploss jerkfest of the century took place. + +AMC has been receiving great news as of late, and has had a lot of insider buying taking place that points to positive outlook moving forward. They now have 98% of theatres open, and the remaining will follow suit later this month. + +EDIT: HERE ARE LINKS TO THE AQUISITIONS + +https://bulletin.webull.com/20210317/158812/43661662a0bb76607f86a5bcb4708c19/89919?theme=2&_v=1&color=1&hl=en&sp=1&hl=en&theme=1 + https://bulletin.webull.com/20210317/158812/43661662a0bb76607f86a5bcb4708c19/55225?theme=2&_v=1&color=1&hl=en&sp=1&hl=en&theme=1 + +https://bulletin.webull.com/20210317/158812/43661662a0bb76607f86a5bcb4708c19/28949?theme=2&_v=1&color=1&hl=en&sp=1&hl=en&theme=1 + +https://bulletin.webull.com/20210317/158812/43661662a0bb76607f86a5bcb4708c19/87923?theme=2&_v=1&color=1&hl=en&sp=1&hl=en&theme=1 + +https://bulletin.webull.com/20210317/158812/43661662a0bb76607f86a5bcb4708c19/82461?theme=2&_v=1&color=1&hl=en&sp=1&hl=en&theme=1 + +These are just a few. There are more. + +Below is a list of positive reasons why we need to hold on to these two stocks until this event plays out, as we're living in times that are uncharted and have not yet been witnessed in finance. We are all a little piece of collective history! + +Remember, apes, when in doubt, remember these things: + +1. The hedgefunds are BLATANTLY manipulating the system in their favor using various methods such as naked shorting, short laddering, bid/ask spread manipulation, etc. Why would they be performing all of this fuckery? Because we have them by the balls. All we have to do is continue to buy and hold until they destroy themselves from the inside out. + +2. A news article was released today stating that the Fed will no longer be providing "Emergency Relief" to big banks on Wal Street. Interesting timing, don't you think? A link to this article can be found here: [Federal Reserve to End Emergency Capital Relief for Big Banks - WSJ](https://www.wsj.com/articles/federal-reserve-to-end-emergency-capital-relief-for-big-banks-11616158811) + +3. We've determined Robinhood needs to be crucified, as all they've done is essentially take your money, data, and export it to a third party for insane amounts of cash, all while providing bogus shares to its' customers, and while causing the trading halt that prevented the squeeze in January. HOWEVER! Think of what this means. They fucked up big time. Not only did this action spark an investigation into their fuckery, but has also lead to two Hearings, with a third to follow. Not sure if anything will come of it, but the best part and silver lining is that ROBINHOOD IS NOW EXPOSED TO RETAIL TRADERS LIKE YOU AND I. They're the first domino in this corrupt witch-hunt to fall, and they won't be the last. Not only that, but now the squeeze will be even bigger than it could've been before, which will make for more tendies. :) + +4. There has been a DTCC rule change that will go into effect at some point. If someone has some information on this that is VERIFIABLE, please share, as there seems to be no clear cut answer for when and if this rule has been taken into effect. In a nutshell, the rule change is allowing the DTCC to have daily calls to determine short positions, and the second part would allow the DTCC to forcibly liquidate any short positions that they feel would be too risky or abusive in nature. THIS IS HUGE. If it comes to fruition? We'll have to wait and see. + +5. GME has an earnings report that is due next week. If they crush EPS, I strongly feel this could potentially be a catalyst going into next week. + +6. Bots and shills have been filling the comment sections trying to get us out of our positions. Why the fuck would they be doing this? Because again, they're desperate, and will do anything for your shares, because they know they'll be way more expensive as time progresses. Ignore these fucks. Block them, and move on with your day. If you read ANY NEGATIVE NEWS about GME or AMC via comments, always verify that they're at least not a bot/shill first. Let the hedgefunds waste their money there. + +7. DFV IS LIKELY STILL HOLDING. - even if he sells, we've seen the numbers, the data, the hearing, the documentary..this game hasn't Stopped. 🚀 + +8. Both of these companies are doing great things for their business, shareholders, and future outlook. We should all be excited, and come together during this time and find support through each other. If we hold tight and ride this wave together, we cannot falter. + + +We're living something spectacular right now, apes, and the progress we've made up to this point is simply astonishing given the forces that we're up against. + +I'm here to ride this thing until the end, and I hope you all are too. Let's keep each other in the loop, and find ways to collaboratively take back from these greedy shits what has belonged to us since they first took it back in 2008. + +To the hedgefunds? I hope you're scared. I hope you're nervous. I hope that you see the way of life you've so selfishly lived crumbling around you, as the average Joe takes back what is his, and with a burning vengeance. You can keep trying to cheat, steal, and manipulate your way to our shares, but the vast majority of our effort has become more resilient than you can tolerate. If you read this, just know that you're fucked, and nobody is going to come running to save your ass this time. + +To all my fellow apes? Hold strong, warriors. That is what you truly are. + + +\[rocketemoji\]\[rocketemoji\]\[rocketemoji\]\[rocketemoji\]\[rocketemoji\]\[rocketemoji\] + +EDIT: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🦍🦍🦍🦍🦍🍌🍌 + +Edit 2: Less retarded format +Edit 3: FUND-A-LINGUS +I’ll provide some quick clarity into some misunderstandings of blockchain technology to help my fellow Apes understand what to potentially anticipate from GameStop on July 14th. + +GameStop’s page declares the following: + +“We are building a team +We welcome exceptional engineers (solidity, react, python), designers, gamers, marketers, and community leaders. If you want to join our team, send your profile or something you've built to: nfteam@gamestop.com” + +To analyze the talent they seek and breakdown what the path they may take we need to look into the engineering tools they seek experience and talent within. We also need to understand how programs communicate with each other and the specific standards they programs work within. + +Solidity is a programming language used within the smart contract on E t h e r e u m. Smart contracts are programs stored on the blockchain, and they self-execute when conditions are met. E t h e r e u m developers (not GameStop’s developers) create different smart contract standards for others to comply within such as ERC-20 (fungible tokens) and ERC-721 (non fungible tokens). GameStop developers will need to understand Solidity enough to link their program codes to E t h e r e u m. + +GameStop also seeks engineers will talent in React and Python. These tools/programming language will allow GameStop’s developers to build the front end dApp (think webpage) to interact with the Smart Contract code to store information within the E t h e r e u m blockchain. dApps are applications that don't exist on the blockchain but rather interact with it. dApps are used to communicate with smart contacts, and by doing that, with blockchain itself. + +GameStop’s NFT page indicates that potential GameStop-released Non-Fungible Token (NFTs) will utilize E t h e r e u m’s ERC-721 standard. As for the targeted audience for whatever NFT offering that emerges from GameStop’s team, an animated image on the GameStop page says “Power to the players. Power to the creators. Power to the collectors.” + +GameStop developers could build applications like CryptoKitty or items like unique accessories in video games and have that stored into the blockchain within the ERC-721 standard. These items will hold a unit of measurement in their own which makes them NFTs. They could also create an ecosystem to allows these NFT units to be forged, combined, or subdivided in their own which can make a collectible game for shareholders and we can trade with each other on GameStop’s NFT platform. + +For simplicity think of digital collectibles that have attributes like age and rarity controlled by the parameters that GameStop’s developers create. + +TADR: GameStop has already created an ERC-721 standard token, which is used to create NFTs. Expect NFTs to be release on July 14th when the code plumbing goes live on the smart contract. + +If they offer NFTs as dividends or for retail to buy doesn’t matter to me. Either way we will see 🚀🚀🚀🚀🤙 + +Edit: TADR edited to use more speculative language. +In the future we’ll hear lots of bullshit about bitcoiners from politicians and all kinds of parasites. They will say we were lucky. They will say we were selling drugs and stolen organs to get bitcoins. They will say we don’t deserve to be rich. + +They won’t talk about us spending countless hours studying something new, while they were wasting their time. They won’t talk about the sacrifices we made to buy bitcoins, while they were wasting their money. They won’t talk about how we saw our portfolios drop in value by 80% while they were “safely” keeping their money in the bank. They won’t talk about how everyone laughed at us when we said we were buying bitcoins or when we asked sellers if they accepted them as a payment method. + +We will be their target. Get ready to hear lots of bullshit about inequality and about making bitcoin illegal or stealing bitcoins from ants to “redistribute” them among grasshoppers. +We do have 2 kids, but I know plenty of friends who have kids who seem to get by easier than we do. I've combed over the budget countless times but can't find a place to cut to build up a good emergency fund. + + +I make $23.175 per hour and she makes $19 per hour. I deduct $212 from my check every week to pay for health insurance and also deduct $55.62 for 401k match. My wife has no deductions taken from her pay. She typically brings home $1,100 biweekly and I bring home $525 weekly. This varies slightly for both of us based on OT or leaving an hour early here or there. + + +This means we bring home about $55,900 per year or $4,658 per month. + + +Giving 10% - $730 + +Mortgage - $701.11 + +Gas/Elec - $175 + +Water - $70 + +Internet - $45 + +TV - $20 + +Garbage - $18.08 + +Cellphone - $70.40 + +Car Ins - $250 + +Netflix - $11 + +Life Ins - $37 + +Car Loan - $200 + +Grocer/Toiletries - $450 + +Gas - $150 + +Dogs - $100 + +Daycare - $1,148 + + +Total - $4,295.59 + + +Remainder - $362.41 + + +That $362.41 is always gobbled up by trips to the doctor or other mini emergencies or things we forgot to budget. Is anything here out of line? Shouldn't I be able to save more than 362.41 per month with a $90,000 income? + + +If I were to guess, I'd say my insurance costs and daycare costs are gobbling it all up, but there is nothing I can do about that, right? I know many people don't give 10%, but we won't cut there because we feel blessed and want to give back. Just looking for either confirmation or help on where to trim. + + +******** + +EDIT + +******** + +As of 7:30pm est I read every single post you all made. I need to clarify a few things. + + +I am not Mormon or LDS. I am protestant. Regardless, that doesn't matter in a finance thread. + + +Most people recommend I don't donate anything and say churches are a scam. Without going on a soapbox and taking the focus off finance, I will just say the church I donate to has no salaried employees. All tithes go toward building expenses, then directly to the community. We feed the homeless and have recovery programs for people with drug addictions and we help clothe prostitutes professionally and help find them work. There are a lot of churches that are greedy, but mine is not one of them. + + +A lot of posters recommended I tithe off net and not gross. I called my pastor about it and he made it seem like I was giving too much. Said 1/10 of firstfruit was Old Testament. He said the law no longer applies with the New Testament and it is used more as a guideline. Said I should give what I can afford to give. That means give after I've met my needs while living and spending responsibly. + + +I think I will look into backing off giving some, maybe to $300 per month until I can get this car paid off and build up a larger emergency fund. +In November of 2013, Adam Welsh made the first and historic trip and purchased a Chicken Bacon Ranch Sandwich Meal at my Subway Restaurant in Allentown, PA. The cost at the time was $12.35 or 0.04 BTC. + +Today, 0.04 BTC = approx $280. + +Original Post (from 4 years ago): +https://www.reddit.com/r/Bitcoin/comments/1q52tt/subway_accepting_bitcoins/ + +Adam had recorded the entire transaction here: +https://www.youtube.com/watch?v=zWsd1WwhhNg + +4 years later, we still accept Bitcoin as form of payment! Can we get some other Subway's onboard?!?! + +Edit: To the Moon! + + + + +Yes, I prefer invest as much as I can, because I am much more afraid that I will waste my life by working whole life 9-5 like and never be happy. + +I always ask myself what is the worst that can happen? And I can't find answer that would scare me or change my mind. I am young, university student. I don't have my own home, car or job. I am not scared to end on street or under the bridge. I prefer this, because it will mean I at least tried to not be part of rat race. + +People work for few k $, have to pay 30 years for their home and 2 cars. Wife, kids, dog and working 40 years 9-5 with 2 week holidays once a year. Free weekends, when you have a lot of things to do in home, few friends you see rarely, cause you are all busy, no time for yourself. This is what scare shit out of me, not losing money on crypto. I don't want to become small robot in huge machine called society, working for little bit fiat, when a some people live their dream lives. + + +Many people are too afraid to risk and invest as much they can and HODL no matter what happen, because they believe it is too risky. They prefer to settle for safe mediocre life. They do no risk, do not invest, do not ask person they like for date, do not change terrible do job, not throw all this shit to travel around the world, because they are too afraid to lose roof over the head and little bit of security they have. + +Someone told me that by investing in stocks I can be rich in 30 years. Many people like to tell this bullshit that by invesiting whole life, every month when you will retire you will have finally 1 or 1,5 million $... I am 22 years old, I don't want to be pawn on chessboard and see how world change around me when I work 30/40 years for my first big money. + +I prefer to invest in crypto as much as I can, achieve my dreams, become rich, travel around the world, climb fricking Mount Everest or jump with parachute and change the world for better, by supporting new technologies. I want to support finding cure for some untreatable illness, invest in space rockets, solar panels, electric cars, exosceletons, drones and everything that will help humanity. I want matter, even if I will have to took risk. Investing in crypto is still less risky for me than living average life. + +It is of course my way, I do not advice anyone to do it. I just wanted you to see different point of view. +Hi all, + +I am a university student so have a few naive and simple questions regarding employment salaries. + +I was just wondering what it means when you get a contract that says (for example) '$50,000, inclusive of super'. + +1. Assuming a super rate of 9.5%, does this mean 9.5% ($4,750) is money that you don't actually receive? Does this reduce your taxable income, or still is included? +2. Do contracts ever say 'not inclusive of super' - if so, how do you know how much your salary will actually pay? I note because whenever people speak about pay, they *always* ask is "is that inclusive of super" which I have interpreted to mean that there are instances where salaries are *not* inclusive of super. +3. Further, is it better, or worse, to have a salary not inclusive of super? +4. What does pro-rata mean? + +Thanks! +Hi, + +I made a spreadsheet, trying to cover my bases on the cost of an investment property, with a mortgage that includes P&I. + +The downturn is not finished yet, but in my price range, not much is going on unfortunately. No significant drops under 500k properties. + + +I feel like I must be missing a few things and I'm curious if others have some insight for me, I'm doing my best to be logical and conservative but it still seems out of my budget, slightly, despite my $230k deposit. + +https://docs.google.com/spreadsheets/d/1YrcLoA2c59iAG9m6BXeONCNRLWWKI68OCn3Pg6UkIus/edit#gid=752842201 + +(**Please note**: the cells I inserted comments into, showing my line of thinking on the costs) + +. + + +I have several 'rules' for a property which perhaps others can tell me if I'm crazy + + +1, if all else fails, I'm willing to live in it + +2, within 5km of Melb CBD as the crow flies + +3, within 10minute walk of public transit at most, less than 50 minutes from city at most + +4, 2 bedroom at least, due to 1 bedroom places being only marginally cheaper, yet less rentable. + +5, must be over 10 to 15 years old, under 5 stories high, no lift, an older type of block with a cheaper body corp (ie: a flat) + + + +Doing my figures (and I suspect that's where I'm wrong) it looks like I'll _STILL_ have a shortfall paying P&I and that's with current interest rates, let alone if the crap hits the fan!? + + +Any opinions from others? + + +**EDIT:** If it's not obvious, I've never had one before and I have no idea what other costs I'm missing, what I'm wildly under or over estimating! + +I've rented myself for 15 years solid. I would like one as a backup to move in to, if I leave the country (looking possible) and return (possible) or just as something to eventually pay me money as I'm older. (I'd assume in 20 years time I'll make at least $3000 per month rent on it) + + +**EDIT2**: Any thoughts on the water fees? What else am I actually outright missing? and can anyone assist with the tax? + + +I’d like to remind the RBA members that many are already struggling with the rising cost of living and particularly those on ‘Struggle Street’ really can’t afford another interest rate rise, writes Charles Wooley. + +Basically saying that poor Australians with a $500,000 mortgage are already doing it though and can't cope with another rate rise. + +I'd like to point out that poor Australians on "struggle street" don't have a $500,000 mortgage, they don't actually have a mortgage at all, they rent, if they're lucky (given Australia's housing crisis), and another rate rise would if anything help them get some interest on they're savings if they have any or maybe help get prices back under control (in theory anyway). + +Thoughts? + +https://www.themercury.com.au/lifestyle/charles-wooley-please-take-pity-on-us-mere-mortals-mr-bankers/news-story/d509aa6c3bde5bd624ed7ebf4469395b +I have been trading for past couple of months and when i lose i was switching strategies and would experiment with all indicators in the world. But later i always realize and go back to pure price action and use just ema and vwap that too on and off. If someone had similar experience when starting out and is now trading successfully then please share what stocks you trade and how do find them, entry, exit and most importantly strategy. Also share how many trades you get in a day. Please keep it simple. Thankyou +Upfront costs are the biggest barrier for me to get into REI. Being able to combine resources and experience with someone would be worth more than gold to me. However, I need someone who is hungry, trustworthy, and has capital. Currently, I can only find someone people who can check 2/3 boxes. + +Any experiences or stories you all can share in how you found a partner or how I can find one? +I have been looking at some multifamily properties lately in the southern California area and a lot of these things have CAP rates between 3.5-4%. I dont understand how it can be profitable to buy a property with such a low CAP rate, when the best interest rate you can get on a commercial loan is 5-6%. If you take away the ability to leverage, thats a big hit. Am i missing something here? +The following post got removed twice, with an excuse (after the 2nd removal) there was duplicate content. Ill post the content here, but it really worries me how they are censoring legitimate issues/concerns/questions. + +Update: as of now I have also been banned from the subreddit. Wow.. what a relevation + +------ + +Tomorrow is the AMA, I think most of us agree this might be the most important AMA for ICN holders up till now. + +As ICN finds new bottoms every day, scratch that, every hour. There clearly is a growing concensus that there is not enough clarity around the use-case or attributes the ICN token has. + +Before you all go wildin'out on me for not being a devout holder *I agree* that Iconomi should NOT stay around subreddit all day and answer concerns. + +But tomorrow, for me personally, will be pivotal in deciding if I continue to be a devout ICN holder and accumulator. Just think about it, we as ICN holders have been through a lot, seeing a lot of other tokens making moonlandings while we are stuck in the Saraha desert without water. + +I ask of you, not to give in to every demand your needy investors have. But to really, REALLY shed some light on the ICN use-case and give us a clear timeline of when things are implemented. +Vague responses aren't going to cut it anymore and I would hate to abandon a great project like Iconomi. + +Thanks for reading and thanks for your time, hopefully the amount of upvotes this post will get gives you an impression of how broad this feeling is carried throughout *your* community. + +------ + + +I think its a reasonable post, but seeing this removed clearly makes me think twice about ICN, censorship?!? WTF +Hey Guys, just a friendly reminder not to be complacent. Didnt think eth would go this low. I had the capital to lock up more collateral but I didnt, and now I've lost a chunk of ETH. Its not devastating, but its significant, and completley preventable. +I personally feel like we won't go below 18-20k now. Going to 10k is impossible now that so many institutional buyers are in and will try their best to keep it above 15k. Also, we have been in recession for the past 4 months so we won't be "entering" recession and people have already prepared for the worst so the market has already experienced the worst conditions. There won't be any major drop in my humble opinion +[u/DeepFuckingValue](https://www.reddit.com/u/DeepFuckingValue/) has gained a lot of popularity for his incredible ROI this year. + +Many people wait for his famous "YOLO UPDATE" that he posts every now and then. + +We all look at them and we can only dream of having such returns, having so much money, who wouldn't? + +We all look and wonder if we'll ever make so much money in our lives, probably not, we think to ourselves. + +But DFV was just a regular user of Reddit two years ago. + +He was convinced of his ideas, had some cash, and fell in love with this company, as we all have. + +Sure, he bought in at a much lower price, but that's not really what sets this man apart from most of us. + +One of the secrets to his success was... his diamond hands and balls. + +He was ridiculed for such a "stupid" investment - who would yolo his money in a "failing brick and mortar company"? + +He was subjected to FUD daily, he lived through some horrible earnings reports, and yet + +he **held.** + +He held because when a strong man/woman is convinced of his ideas nothing can distract him - nothing can destroy him. + +And that is what I also want to be. That is what I am going to be. + +I believe in my ideas. I believe in myself. I know why I'm here today. + +I won't let myself down just because I see some red days (or green days!). + +No matter how things will turn out to be. No matter how red a day / week / month will be. + +I will **hold.** + +&#x200B; + +*Edit: This is not just about GME, this is a general discussion* + +*Edit II: Guys I'm not saying that diamond handing was all there is to DFV's success. Of course his extraordinary DD and his education did most of the work, but that doesn't mean that it was easy to hold through the tough times. What I'm trying to tell you is that his conviction and determination should be taken as an example* + +*Edit II: Wow thank you guys for all the awards, glad you enjoyed!* +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. +Hong Kong is often called one of the world's freest economies. Yet it also quite prosperous, with its GDP ranking fairly high compared to the rest of the world. Does this contradict the idea that demand-side economics is more beneficial to the economy overall than a laissez-faire approach? +I understand the idea of catch up growth, basically that an economies growth will be diminishing + +But I have a few questions: + +1. What evidence do we have for this phenomenon? As in, I know that simply looking at a list of the fastest growing economies will indicate this phenomenon. But how do we know it's this and not something else, after all not every poor country is growing very quickly + +2. Why isn't every poor country growing quickly? Is it simply other factors disabling them from engaging in this "easy growth"? If so, what are the factors that enable them? + +2. I've heard the idea that this theory should lead to countries incomes converging. How realistic is that? + +3. It seems like the growth of some countries slow down well before being among the most developed, what holds them back? +I think politically this is a classic Left/Right divide but what is the general consensus of economist? + +The left leaning arguments I imagine revolve around the idea that redistribution would stimulating consumer demand due to the high propensity to save of the very wealthy. Similarly, the things lower income people spend money on have typically have a higher multiple effect while the very rich hoard wealth and spend it unproductively. + +The right leaning arguments I imagine revolve around distorting markets/incentives and that it would lead to a reduction in investments and therefore long term growth. + +Is there good evidence that one of these schools of thought is more correct? How do we know if it is a lack of consumer demand or a lack of savings/investments holding back the economy? +It’s well documented that western workers get paid disproportionately well compared to their developing counterparts. In some cases the difference in output vs reward is staggering. For example I remember hearing that in most skilled jobs Indian workers are about 90% as efficient as American workers. However, they got compensated less than 20%. + +If the world truly was an open economy and anyone (from Sudan, Indonesia, Venezuela, etc.) could apply to any job, assuming they are qualified, then wouldn’t that lead to a mass equaling out of global wages? + +An African who speaks good English could easily quadruple their income by taking any service job in the West (US, EU, Australia, etc). This doesn’t even address the fact that many high skilled jobs will be all online in a few decades, so these people wouldn’t even have to leave their homes in search of better opportunities. + +Obviously this would be great for those in the developing world, but how much would it affect wages in the developed world? How overpaid are we really? +Basic economics is sort of a must in order to understand both domestic and international politics, history and sociology which are all areas I like to learn about. But here's the thing, I don't know jack shit about anything related to economics. I know what inflation is, but that's about it. + +What are some good begginer resourses for learning economics? Books, videos, articles all of the sort. The most basic stuff out there + +Thank you in advance! +So I never studied economics in high school, so I'm trying to learn it from scratch now, but I've been having trouble putting together all the disparate info, i.e. models, relations, etc into a bigger picture. So far what I've been seeing in economics books is, "Things are not like that, but for the sake of this argument, let's assume they are." Which is strange because I've always had the impression that economics is firmly grounded in reality. + +What's more, whenever some conclusion seems to be drawn from a model, apparently that conclusion is moot because the economy would self-correct and negate that particular effect (often leading to more complications). + +So I'm wondering what're some underlying concepts/mindsets that can help me gain a better perspective of economics?? +Random question in my mind came up today. Why don't certain countries decrease their interest rates to prop up their economy? +Russia and Brazil come to mind as they have rates ~10%. Sure, it will devalue their currency but for a country like Russia it will help with exports (oil) and the economy right? My counter to this is also their buying power would go down and they may be import heavy dependent. +Would appreciate a few points on why they would have higher interest rates compared to western countries on average. +I’ve always been under the assumption that growth has to equal more dollars, am I wrong? If more people are producing more things doesn’t that increase the amount of dollars, therefore devaluing it causing inflation? + [https://twitter.com/BadEconTakes/status/1286739747541381120](https://twitter.com/BadEconTakes/status/1286739747541381120) + +Ignoring the second line which is obvious nonsense, + +surely building more houses = increased supply of houses = decreased price + +according to econ101 + +&#x200B; + +am I missing something incredibly dumb here? + +Thanks. +As per Piketty's 'Capital in the 21st Century', there has been a constant growth of inequality in capitalism that has only ever been significantly reduced (and immensely so) by world wars. Given that perpetual growth of inequality creates oligarchies and oligarchies make major conflicts more likely, this could prove to be a consistent pattern in capitalism. + +What if we ended this issue with a global treaty creating a 90% inheritance tax in every signatory nation? It would need to be global to avoid people becoming expats to bequeath their fortune. Issues such as stocks could be dealt with by liquidating those stocks (potentially offering them to the board of the company to purchase before offering them on the market). + +The major issue it would create would be an excessively large state. However, built into the treaty could be vague (as to the particulars) regulations on how the money is to be spent (so as to avoid totalitarian despotism). If the money had to be directed to a limited degree towards administration, then following administration to education, then to healthcare (or, following administration, some combination of factors that are beneficial and least open to corruption) it shouldn't simply create a long line of dictators. + +As to political efficacy. Given the power and popularity this could confer on a state, it seems reasonable that states could be willing to participate. Additionally, the long-standing rejection of inheritance taxes should be mountable with slogans around paying your taxes when you're dead. The policy shift should be stable if income tax is debased following significant accumulation of inheritance tax revenue (no one will back a policy that means they have to start paying large taxes again; this would be more important to most people than giving their children large inheritances). + +Any thoughts for or against? +Recently there has been a lot of talk regarding the relationship between corporate profits and inflation, specifically that there is a positive correlation between the two, with either corporate profits causing inflation, or inflation being used as an excuse to increase profits by corporations. + +I looked at the correlation between after-tax corporate profits with inventory valuation and capital consumption adjustments as a share of gross domestic income and inflation in the US in the period from 1960 to 20202 and found negative correlation. Of course, this is a very simple and naive analysis, is anybody aware of a study which performed a more thorough econometric analysis of this relationship? I tried googling but most of the studies were looking at correlations between inflation and stock performance. +Investors will only invest capital when they can expect a larger return. Is this sustainable? Does the economy go into recession once investors no longer allocate capital in businesses? I'm sorry if this is a dumb question. +In expensive housing markets we pay more for housing. The people we pay probably pay more for housing, too, and those people pay more for housing. But it can't go around in a circle forever, can it? + +Where do those increased expenses go? If that's the case why wouldn't property owners live where it's cheaper and pocket the difference? + +If everyone decided to stop paying higher prices what would happen? Would anything actually change other than everyone would pay less? +Investors will only invest capital when they can expect a larger return. Is this sustainable? Does the economy go into recession once investors no longer allocate capital in businesses? I'm sorry if this is a dumb question. +Say saving accounts pay out 6% like they did during the last great inflation era - or even more if I’m not mistaken. + +Economists say this is bad as it sucks out investment - why risk losing money in stocks when you’re guaranteed a 6% return on your money? + +I don’t get why this is a bad thing, if people have more savings, they are more likely to open their own business or start their own venture. + +High savings promotes growth it seems for this lens as well as productivity. + +Also may enhance innovation by breeding more players in monopolistic markets. + +What am I missing here? + +Also not to mention your money is guaranteed to surpass inflation - assuming inflation is 2% - by 4% a year. + +What’s not to love? + +Edit: another point, doing so may lead to people creating businesses without the need to strap themselves with debt, they can just use their currency to do so. Great! +Do varying levels of greed or similar play a role in economic decisions, or are all actors simply assumed to be always as profit maximizing as possible? + +I assume behavioral economics has something to say about this? + +When someone tries to explain an economic phenomenon with something along the lines of "because landlords are greedy", is there any situation or interpretation where that might make any sense? +Im curious about the idea of mutually beneficial exchange justifying certain practices. For example if a worker sells his labour to an employer and the employer compensates him then the exchange is mutually beneficial but it seems that it still does not mean that it is “Just” for example if the worker is starving and the Employer holds a monopoly. Would it be better to have a Zero Sum Game but with all the benefits of the game going to the worker who needs it more ? +Classical and conservative economists would say that wealth inequality is not a problem since the wealthy invest the money back into the economy through jobs, luxury goods, lower interest rates etc. How does this philosophy explain the large increase in wealth inequality but small increase in wages over the last 30 years? Does the low wage growth have anything to do with inequality or are they unrelated? Are there positive elements of inequality that aren't being covered? +I'm studying for a Macro final and I'm stumped on this idea. In my mind, if interest rates were to increase, that would cause people to borrow less money and invest less in miscellaneous things. + +&#x200B; + +Anyone with the economics wisdom care to explain this to me? +I know this maybe an odd question, and probably a simple one too. + +"All told, anyone looking for all of the U.S. dollars in the world in July 2013 could expect to find approximately $10.5 trillion in existence, using the M2 money supply definition. If you just want to count actual notes and coins, there are about U.S. $1.2 trillion floating around the globe." + +Yet our GDP was at $16.66 trillion in 2013. How does this work out? +PLEASE IGNORE HIGH QUALITY SINCE A LOT OF PEOPLE WILL CONSIDER ANSWERING TO BE A HUMBLE BRAG. EVERY ECON 101 STUDENT IS WELCOME TO ANSWER. PLEASE DO, ALL SUGGESTIONS ARE ALSO HIGHLY WELCOME. + +I'm an engineering major, so math is not a barrier. +I was discussing the Tobin tax with a friend the other day. As a possibility to finance some public spending in our reddit model government. I have some formal economic education, but i'm afraid that i'm not yet qualified to answer this question. Basically, what are the Pros vs Cons of a [Tobin Tax](https://en.wikipedia.org/wiki/Tobin_tax) ? +I was discussing cartels with a friend when he said that the only way a cartel can be successful is by concluding with the government, I thought it was really weird since it wasn't clear from the definition that this was needed. Can you guys tell me about cartels with 0 involvement from the government and if this idea is wrong and why? +I've noticed that the value of the dollar in comparison to other currencies has declined a lot in the last year. This seems strange to me since the economy has been doing well and the FED is raising rates. I was wondering what the main drivers of this trend have been. Strengthening of foreign markets? Increase in US debt? Political turmoil? None of these seem to me to out weigh the overall performance of the economy though. +Hey /r/AskEconomics, I've heard both sides of the minimum wage debate — $15 an hour VS. no minimum wage at all. Has this debate been run in real life - ie. a state, or country that has no minimum wage VS a country /state that has a high minimum wage / the impacts it's had on the economy? Also what are your thoughts on the subject? + Most of China's economy depends on exports, but what I don't understand is why China can't rely on domestic demand to boost its economy and improve the living standards of its people. I heard that it is because there is no domestic demand in China. Inland cities that cannot do export business are poor. What I imagine is that if they can develop good food, meat and vegetables, won't they be able to live a good life? +This in part originates from a discussion i had with my teacher who claimed that Chile's economic succes was the result of protective tariffs and investment barriers. I thought this sounded wrong becuase i'd read that it was trade liberalisation that had made Chile succesful. I thought maybe he could be right if the Infant Industry Argument applied. +My understanding is that the debate was long and acrimonious, and that a wedge issue is the relationship/discrepancy between 'price' and 'value', but I get lost very quickly beyond that. I'd appreciate some resource that explains it clearly, in detail, and with minimum political bias and "School" dogma. +The common justification for minimum wage I hear is that it helps to combat monoposny power of firms. However, from observation it doesnt seem that firms that would typically hire low wage workers operate in a monoposny environment. Cities tend to have an abundance of restaurants, retail stores, gig work, and other businesses that tend to hire low skill labor that would make close to minimum wage. +Apologies if this is an ignorant question. I was talking with some other people about the effect of the US pulling out of China completely. Now, obviously it would be bad for the US economy, but I’m wondering *how bad*. Are we taking Great Depression levels, or worse? + +How would US companies cope? How long would it take before manufacturing could be done elsewhere at the same levels? How many would be able to survive such a drastic change? My understanding is that the largest companies have large cash reserves and could eat a period of low income. But most do not and would begin laying workers off. +For example, Rainier/Bing cherries grown in Pacific Northwest is never cheap even in Oregon or Washington even when it is in season. + +Same with almonds and pistachios in/from California. +What makes them so expensive, given that there's no long distance transportation involved for these ? + +Another example, I know they're from Mexico, but still why are avocados so expensive? + +Is it price-fixing of some sort or is it strictly driven by supply & demand? +I'm a senior economics student and have started an econometrics course and I actually really enjoy working with stats and testing all the various problems. + +I'm wondering if there are masters just in econometrics. I like econ but I think I kinda of care less about the theory and more about the application. + +And what's a better option for a masters, economics or econometrics, if just econometric only masters are offered. I've heard that economics is sort of pointless if you don't have a PhD. And i'm not really looking to go that far. +By distributive justice, I am referring to [this](https://en.wikipedia.org/wiki/Distributive_justice). Specifically, I'm referring to the ethical components of wealth distribution, rather than the pure economic analysis and side effects. From what I know, this idea seems to be more common in Marxian analysis than the mainstream. +Imagine because of good martketing by someone the company sells more products. Does that increase the marginal product of the workers who produce the products of the company becaue they can produce more? +I just bought my Mom a kitchen and bathroom re-model that she's been wanting for years. I paid $25K for the work but I didn't quite realize the impact it would have on her. She immediately broke into tears about how stressed she was about the bathroom (the tile was failing and you could literally see into the basement). I live in CA and she's in NY so I didn't see the house and didn't understand just how bad it was. She always worked two jobs and was always ran ragged to provide for my brother and I. Not coming from money, trading afforded me an opportunity to give back more quickly than saving alone, so I started early (in high school). + +The entire outlay was from proceeds from October. One of the beautiful components to actively trading options is the ability to realize profits more frequently than buy and hold investing. By trading products that enjoy Sect 1256 tax benefits we can still minimize our tax exposure while enjoying this benefit. + +Keep at it. I'm nothing special. We all have the potential to make it happen. + +Trade on! +Went to put my monthly meter readings in, only to find [this message](https://www.tonikenergy.com/). + +I currently have about £55 credit with them, and my DD usually goes out on the 9th. + +Anyone know how long it takes Ofgem to sort it out, and is the message’s advice about sitting tight correct? + +**Edit:** Looks like they've been shaky for a while. [Ofgem Final Order](https://www.ofgem.gov.uk/publications-and-updates/tonik-energy-limited-final-order) +Hi all, + +I'm a low income earner (£18.5k a year pre tax, pre covid times) and have managed to save up the recommended 3 month buffer/ rainy day money in a standard savings account. + +I have also got around £500 saved up across other savings accounts etc that I would like to invest and get into the stocks and shares market. I have accepted and am happy to risk this £500 as I have the 3 month emergency fund saved if things go tits up. + +My question is do you think £500 is worth investing? Or should I wait until I have more saved (£1k +)? My partner thinks I should wait as £500 isn't much money to get started with and is more likely to be swallowed up. What do you guys think? + +Right now I think my options are to: + +1. Go for it and see how it goes, I'm already prepared to lose the money. +2. Keep the £500 in a savings account (even though interest rates are mega low) and wait till I have £1k+ +3. Put the £500 into Premium Bonds while I'm waiting to save up the £1k + +Finally, if you do think I should go for it and invest the £500 do you think I'm best off with just a S&S ISA or actually start buying stocks? + +Any responses are very much appreciated as I keep going round in circles! Thanks + +&#x200B; + +EDIT: Ok guys thank you so much for all of your advice! I have decided to open a Vanguard S&S ISA and have opted to invest in the Lifestrategy 80% equity fund. And now I need to learn how to be a patient soul... +Recently my employer has been pushing their internal charity pretty hard. I don't contribute to the charity. + +The person that works for the company that runs it has scheduled a meeting with me to understand why I don't contribute. I didn't volunteer this information, they apparently looked me up in their system. + +I can't help but feel uncomfortable about this. Does anyone have any opinion on this situation? + +Also I want to point out I work for a regular for profit company. + +Thanks in advance! + +Edit: +I felt like I should add some more details after reading some responses. The person that runs it is on the executive team. So this is probably the leading reason this is uncomfortable. I feel either intentionally or unintentionally this will be something I'm judged about by superiors and may detriment my future. This would obviously be illegal, but next to impossible to prove. That's just how I feel though having a one on one meeting be scheduled with me after such a hard organization wide push. +Hey - first off - love the theta gang strategy. It's making income consistently and I'm excited to get started. + +Say someone has 1M in cash -- how much ROI can they make of the theta gang strategy? Right now I see + +* Weekly puts on SPY can be sold for $5 -- $5/$240 = 2% +* Covered calls can be sold for $10 -- $10/$240 = 4% + +One can sell puts every week, and if assigned sell covered calls. + +Does that mean someone could make 2%-4% PER WEEK? +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. +After realizing that day trading options is not something I really enjoy doing(Stressful AF) I have decided that devoting my energy to credit spreads is more in line with the type of trader I'd like to be. I have other business ventures that require a lot of my time, so I want to fully commit to trading spreads specifically on the SPY. It's easy for me to understand the technicals, and obviously, there is liquidity there. I could really use some advice though. Right now I'm currently selling the 395 calls and I bought the 396. I bought two contracts expiring in late August and my total credit is about 80 collars. The idea behind this trade was that there is a clear supply/resistance level at the 395 area so I feel that selling this call puts me in an advantageous position. Now that I have that out of the way, I have two questions. + +1. The Implied Volatitlity on this position is 22%. I'm aware that you want IV to be high, but after doing some research I found that 22% IV on SPY is pretty normal? Or am I wrong in my assumption? +2. How would you critique this strategy? +I had 2 CSP last week on Intel last week when stock was over $60 did anyone else get burned and get assigned after the bad chip news? I now have 200 shares with an average basis of $57.5. Stock is now around $49.50. So i have an unrealized loss of about $1,600. I dont mind holding 200 shares of Intel, but ive never had the Wheels fall off like this and my original plan was to implement the wheel strategy. I am looking for some insight on my path forward from people that have experience with this. Covered Calls short term at $57-$58 strikes are not very high. + +Is this how the Theta Gang noob loses? Or was i just seriously unlucky! Thanks guys. +What is your opinion on LEAPS on airline companies? + +Considering many people look to travel once they get vaccinated and that the value of airlines stocks has dropped significantly during the pandemic (coming back up), do you think airlines are undervalued? I know they must be under a lot of liquidity stress and more but still... + +For now I'm considering LEAPS JAN 2022 calls ITM at a delta between 0.70-0.80 for companies such as AAL, DAL, LUV and BA. I don't want to hold the stock outright but I can't see a lot of downside. + +Shoot you thoughts, strikes, exp & price targets! Feel free to tell me how I'm retarded and should go back to WSB if so. + +Thanks Theta +Been working on my options game, and I ran into something I can't google my way out of: + +Why shouldn't I open Iron condors for low returns on very safe stocks? The example I have specific questions about are companies like AT&T and Ford... + +Very stable stocks, very sideways. I could do condors outside their last 3 month high and low prices, and then some because I am conservative. One strike beyond the 3month high and low for my sells, and another outside that for my purchases... + +In a practice math situation I could turn 3k collateral into 10 contracts per company with intracompany diversification at different strikes for a return of about 600$ at expiration with VERY limited risk (so far as I can tell)... + +To me this seems like an easy way to make decent returns on lower collateral. I would anticipate losing some of these contracts but winning most, and making most of that 600 premium. I am obviously wrong and can't wait to laugh at how stupid I am, please help me. +I see people recommend selling certain deltas on naked options (.05, .16, .3). I do not know which is correct. + +These same people who recommend selling low deltas also recommend rolling tested options. However, in order to collect premium when rolling, the new option that we sell will have a higher delta. It seems like a logic fallacy. When we roll, we are essentially entering a new trade. If a higher delta is okay now, than selling a higher delta ought to have been okay originally. We should always be selling the ideal delta, so which is it? +Hey - first off - love the theta gang strategy. It's making income consistently and I'm excited to get started. + +Say someone has 1M in cash -- how much ROI can they make of the theta gang strategy? Right now I see + +* Weekly puts on SPY can be sold for $5 -- $5/$240 = 2% +* Covered calls can be sold for $10 -- $10/$240 = 4% + +One can sell puts every week, and if assigned sell covered calls. + +Does that mean someone could make 2%-4% PER WEEK? +Has anyone watched this video about how much better your return is using puts instead of stock? + +[https://www.tastytrade.com/tt/shows/market-measures/episodes/puts-or-stock-07-09-2018](https://www.tastytrade.com/tt/shows/market-measures/episodes/puts-or-stock-07-09-2018) + +It's definitely worth watching as it's pretty remarkable. The slide on this picture from the video shows 45DTE managed at 50% - that makes sense to me if it moves in your direction but what I don't quite understand is what you are supposed to do if it moves against you. Roll? Take assignment? + +&#x200B; + +https://preview.redd.it/hbgv8i0h0c961.png?width=2224&format=png&auto=webp&s=e2eed5991804426bdfef3a4c0f14c8a226094021 +Asking for a friend with her approval\* + +I have a friend who has this habit of impulsively buying stuff for a hobby only to forget about it after a while and then she finds a new one she can fixate on. + +A few months ago she got interested in baking and bought a bunch of baking items. After a couple of weeks, she got bored with it and now all the items are collecting dust. I've been helping her list the items down for re-selling or donating. + +Recently I've been encouraging her to come to the gym with me or do free activities like running in the park, to get her preoccupied. I figured it's cheap and beneficial to her health. All was well until she started buying a lot of fitness stuff too! New gym leggings or tops (she already has a lot), resistance bands, protein shakers, training gloves, foams, and honestly a lot of items that are so useless (thanks, Instagram fitfluencers). + +She might have ADHD but she's still on the waiting list for a formal assessment with a mental health professional. It's been 6 months now but she was told it might take up to a year, so was wondering if there's anything she can do for the time being. + +Edit: Hi all, I just want to clarify that I'm not trying to control my friend's behaviour. She's the one asking me to help her out but I don't know how that's why I'm asking here for some suggestions. +Lately I've been thinking about how our country would function without a central bank. I would love to hear some of your arguments for or against having a central bank or any other input you have on the topic. +I'm at a point now where I need to turn my money over to someone else to manage. I have reached a point where it's too much for me to deal with. I have several friends that use wealth managers, but I haven't liked the ones I've spoken too yet and don't like the fact I'll have to pay 1-1.5% of my money to an advisor. However, I do see where Personal Capital has their wealth management services and the fees are lower at .79% to .49% depending on the amount of money they manage. + +Has anyone here dealt with their advisors? Are they worth talking to? I don't want to pay anymore than I have to, but I also don't want a cut-rate service. Thought I'd check here for recommendations before I set up a call with them. +A few months ago, I had a sudden urge to get more passports through investment (don't ask why, I don't have an answer myself). I have a US citizenship and no easy way to get additional passports through ancestry. Additionally, my taxes will be roughly the same as the US taxes citizens on worldwide income. Therefore, I think my conclusion is that there's no point other than a few minor benefits: + +* Visa-free travel to China or Russia depending on which passport you have (but I have 10 year visa so this isn't that big of a hassle anyways) +* Easier to trade crypto (probably not relevant to most people here) +* Easier to open foreign bank accounts and have a backup plan in 2nd locale (I imagine only really paranoid redditors believe the US banking system will collapse) + +I did see a few comments here about people owning multiple passports NOT through ancestry. What is the main reason you did it, and which passports do you own? +Here is a salient article tweeted out by someone the community respects, that's well written and easy-ish to consume. I found it super interesting. + +Take this for what you will. This is a community of many different perspectives, and we are often starved for clearer understandings of market forces. We also understand that no single voice has it all correct. + +&nbsp; + +*** + +Burry's Tweet: + +>Transitory, no. Peak, no. To the moon? If you mean a cold dark place. +> +>"The CPI news this morning was so awful that it changed the bond market’s view of Fed trajectory, and the weakest sector broke. In bond jargon, MBS went “no-bid.” No buyers for MBS." https://t .co/1tqv3WwA3o + +>— Cassandra B.C. (@michaeljburry) [June 11, 2022] https://twitter .com/michaeljburry/status/1535679754812071937) + +&nbsp; + +*** + +Here's the full text [of the article he quoted from] https:// www. cherrycreekmortgage .com/lous-credit-news: + +>June 10th, 2022 + +>During the last forty-four years, my days have begun and ended with the mortgage market. Four painful moments stand out. Today makes five. (There have been many more good days, but even the Fairy Godmother has her limits.) + +>**Mortgages** are covered poorly in financial press, as stocks and such are much more entertaining. Today’s events still unfolding will take days for good coverage. Freddie’s weekly survey will not discover today until next Thursday. But the MBS market is real-time, not like old, sleepy S&L days. + +>The CPI news this morning was so awful that it changed the bond market’s view of Fed trajectory, and the weakest sector broke. In bond jargon, MBS went “no-bid.” No buyers for MBS. Then a few posted prices beyond borrower demand, not wanting to buy except at penalty prices. Overnight the retail consequence has been a leap from roughly 5.50% to 6.00% for low-fee 30-fixed loans. + +>The physics of collisions... the second one does the harm. When your car hits a telephone pole, no problem. Then, after a slight lag, trouble comes when you hit the inside of your car. Same thing in football: helmet on helmet is all-okay... until your brain hits the inside of your skull. + +>The same physics govern housing collisions with mortgages. At the new year mortgages were still three-ish. In February, four. At the end of March, five. May, five-and-a-half. Historically, a two-percentage-point rise from cyclical trough has iced housing, the freeze underway a month ago. Now up by three points, and *double* January. + +>The pause in housing between the first collision and second is elongated because of human nature. Someone desperate to buy a house is still desperate, and modestly relieved to buy even at a higher price and rate so long as not forced into an unlimited auction. Now it’s time for Wile E. Coyote in his Acme sneakers, running off into thin air and all okay until he looks down. +Looking down... MBS are such a weird market that other markets have not processed what is happening. Stocks are down 2% today, but would be down a hell of a lot more if considering what a full-stop to housing will mean. + +>Another marker of MBS distress: the 10-year T-note had held 3.00% since April, the important top in 2012 and 2018. Trading 3.05% yesterday, now 3.20% -- retail mortgages jumped *triple* that amount. The 10s/mortgages spread today is almost 300bps and double the 10s’ yield. Inconceivable. The Fed telltale 2-year T-note had held 2.70% since April, 2.85% yesterday, today 3.05% adding only one more .25% hike to the 2-cast, which is not enough to explain MBS overnight. + +>**Today’s CPI Trigger.** Markets were braced for a bad report, but not this. Overall CPI jumped 1.0% in May. Any thought of deceleration... ka-blooie. CPI 8.6% in the last year, accelerating under pressure from Ukraine energy dislocation. + +>Many observers this morning say that the CPI news is so lousy that there is no point in looking at the details. Wrong. From the onset of Covid to Ukraine, our inflation problem was supply chain, mostly manufactured goods. Since Ukraine, it has shifted to energy. + +>Different elements of CPI have different weightings, which conceal the effect of energy in a crisis like this. In May the energy index within CPI... up 34.6% in May alone. In an event like this, the notion of excluding the high-volatility “core” is meaningless. + +>*Everything* requires energy. The uppers and soles of your Nikes are fossil fuel. Food has its own Ukraine issue, but energy is the problem, from fuel to fertilizer. + +>Oil was $75/bbl pre-Ukraine, then held just above $100, now $120. Natural gas from normal $4-$5/mbtu... since Ukraine $9. The May increase in fuel oil, $16.9%. May utility natural gas, up 8% in the month. You can see component-by-component, month-by-month CPI here [BLS Table A.](https://www.bls.gov/news.release/cpi.nr0.htm) + +>**Those Other Four Moments...** + +> 1. 1979, Saturday of Columbus Day Weekend, Paul Volcker announced that the Fed would allow the cost of money to float as high as necessary. Mortgages 11% on Friday, on Tuesday after the holiday 13%. However! That was 15 years into entrenched inflation, oil ten times as expensive in 1979 as 1972, and our economy just beginning energy conservation and new supply. All incomes ramped right along with inflation. The US economy was a “things” economy, with little overseas competition for union-heavy US labor. +2. 1994, February... the cost of money coming out of recession 1.00%, by year-end 1994 to 5.25% -- but in a disinflationary world, the cost of money was one-half the cycle peak four years before. 1994, February to May, mortgages from 7% to 9% -- that magic two-point rise flattened housing, and the Fed had to cut in 1995 to dodge recession. The new mortgage peak, stabilizing near 8% was down from 11% in 1990, and we enjoyed a genuine and rare soft landing. +3. 2007, July... you had to be deep in the mortgage racket to understand the first collision. Subprime and Jumbos went no-bid, and stayed there. The Fed was slow to understand the credit panic, began frantic cuts the following winter from 5.25% to 2.00%. But mortgages did not respond, stuck above 6.00%. +4. 2008, July... the no-bid expanded to all mortgages, even government guaranteed. The 10-year T-note anticipating recession and worse fell to 3.50% while retail mortgages *rose* to 7.00%. That 350bps spread is the closest comparable to today’s 300bps. + +>**Now What.** At Thanksgiving 2008 the credit markets (all markets) were rescued by Ben Bernanke’s genius, announcing quantitative easing -- buying enough MBS and Treasurys to unlock markets in which all had been afraid to buy. + +>Today... is it a coincidence that MBS have blown simultaneously with the Fed’s flip from QE buying to allowing runoff and threatening to sell? The weak break first. MBS are weird, and weird under stress is weak. + +>The Fed has had a plan, Powell becoming more concise each day: We will raise the cost of money until inflation comes under control. “It is our job to calibrate demand to supply.” A good, tidy, sorta mathematic way to proceed. But destruction of demand has limits, and this morning we hit one. + +>In today’s US, nobody is prepared to deal with inflation as it has developed in the last 90 days. Inflation can drop and even stabilize above the Fed’s target, but the world is only three months into finding alternate energy for Europe’s oil and gas imports from Russia. Including natural gas, something like 15% of the world’s energy supply has been dislocated. + +>Perhaps half will quickly be redirected. India and China are buying at a deep discount from Vladimir, which makes available much of the supply which those two used to buy elsewhere, Europe lining up. But Russian production is already suffering, a net and permanent loss. Alternate supplies require alternate delivery, gas especially tough -- absent pipelines, all gas deliveries are dependent on scarce LNG ships and terminals. Coal normal, $50-$100/ton... today $395. + +>In this circumstance, the Fed’s demand destruction has all the wisdom of Xi’s zero-covid. In a rational world, if the party in power in DC were not encumbered by climateers, we would turn on the hose, take every step to unimpede production and delivery. Instead of threatening to tax windfall profits, we would offer incentive price guarantees to protect producers from the energy price drop certain to lie ahead. This is an energy problem, not some amorphous inflation amoeba. + +>Below the 10-year T-note in the last twenty years. In 2018 there were a few days with trades above 3.20%, so in theory 10s have not broken that critical support. Theories like that tend to last a few days. The Fed has to decide how much destruction it has in mind. + +>[image](https://i.redd.it/88uzidre77591.png) + +>The 2-year T-note had been remarkably stable post-Ukraine, looking for the Fed to proceed quickly from today’s 1.00% to 2.75%. The chart is one year back, and at the moment cautious but unhinged: + +>[image](https://i.redd.it/8qzmorxr77591.png) + +>Coal... under pressure since mid-2021, quadruopled from normal since Ukraine: + +>[image](https://i.redd.it/olh8r3m687591.png) + +Edit: re-posted due to I think links +Since Hedgies can see PFOF they can see retail's general average cost. That's why they haven't dropped it under 120. + +I'm in a position where I am all in. However if gme would drop under 100. I would sell my car, collectibles, electronics and would probably take a side job to get as much cash to throw at it. + +I've read comments here and there where apes feel the same. + +So I believe that they know our average costs and that's why they don't want to drop it under certain threshold because they know we would gobble it up. They drop it enough to live another day. +Bitcoin’s Next Halving Will Cause it to Surge to 550k + + +Bitcoin halvings have correlated with massive surges in Bitcoin's price. + +The first halving, which occurred on Nov. 28, 2012, saw an increase from $12 to $1,207 on Nov. 28, 2013. + +The second Bitcoin halving occurred on July 9, 2016. The price at that halving was $647, and by Dec. 15, 2017, a bitcoin's price had soared to $19,345. + +The most recent halving occurred on May 11, 2020. On that date, a bitcoin's price was $8,821. On April 12, 2021, bitcoin's price soared to $63,558 a 651% increase from its pre-halving price. + +The next Bitcoin Halving is going to be around March 25, 2024. + +Bitcoin Halving and the massive price spikes. Every time Bitcoin has halved 6 months to a year later the price has surged considerably. We are talking 600% or higher! So what does this all mean well six months to a year after the next halving in May of 2024 so around Nov 2024 - May 2025 we should see another massive price spike. So let’s say Bitcoin at time of halving is 75k. 6 months to a year after the halving Bitcoin should each a price of around 375k -$550k. + +All I can say is keep loading your bags because a few years from know you will be very happy! + +Have a great morning! + +The hopuim we want the price target we need! +Hi everyone, it's been couple of months I have been trying to learn trading now. I've read One good Trade by Mike Bellafiore and Market Wizards from JackDSchwager. + +I're read so many advice on risk management, position management, psychology, not letting yourself affected by emotions. + +I think I'm really good for the Psychological part of trading. + +&#x200B; + +However I can't apply my strength for I dont have a Trading Plan, I don't have strategies. I struggle with theoretical part of trading. I don't understand how an indicator can help me having an advantage, i don't understand how to create a strategy for my own personnality, I don't know what it takes to create a plan. + +&#x200B; + +I've asked this on forums but it's like people don't wanna talk, all they give me sounds like riddles. It's like they don't want to say too much, or maybe i'm missing something, i don't know + +Could anyone enlighten me on this? + +&#x200B; + +To help you answer I think that knowing my personnality i'd be happier with Scalping. I'd feel impatient swingtrading or even daytrading, I don't want to fall asleep before a setup appears, i want many opportunities during the day, even if they are smaller. + +&#x200B; + +So my profile would be more like Scalper / Agressive. +Hi, go easy as I am new to trading and am trying to learn. I have been trying to get my head around stop loss limit orders so that should I enter a trade when I am far more experienced I won't get burned. I have heard a lot about orders not being filled so a person's money or position is essentially still open and they have then essentially lost their money because their limit order wasn't filled. Am I right that this is when a sell limit order is placed above the price they paid for the crypto i.e they purchased the crypto at $10 with a hope it would go to $15 and placed their stop sell limit order at $10.50 for example but the market suddenly crashed and never reached the $10.50 so they were essentially still in their position and therefore lost their money. However, if I purchased the crypto at $10.00 and set the sell stop at $9.60 the order would be filled as it's below the price I paid rather than a price in the future that hasn't been reached yet? Sorry if this is really obvious but I couldn't get my head around sell stop limits not being filled and only figured out that traders are also often adding stops above the price they initially paid. Any advice would be greatly appreciated +I have done backtesting and while risking 1-5% can be profitable in some situations, I find the sweet spot lies between 5-15% a trade. I think the reasons are too tight of a stop loss would make it much easier to hit the stop loss thus getting whipsawed much easier in the process. +Also, the commissions pile up so it really eats to the profits. From my testing and observation, 5-15% seems the best although it goes against the popular notion of needing the risk to be less than 5%, some even advocate 1%. Do take note I am testing on cryptos which are naturally more volatile. That being said would like to hear some opinions from traders here who risk more than 5% and have been successful (at least more than a year). +I just wondered if it makes sense to buy stocks with leverage and then hold for longer periods despite the overnight fees? I recently bought stocks (actually CFDs) with a 20x leverage, held them for a couple of weeks, got even a dividend payout in the process, and then sold them all off again turning a nice profit. Following Warren Buffet one should hold stocks for years but would that also work with leverage? +The following seems pretty clear to me (SPY and QQQ): + +1. We are in a bear market. +2. We haven't seen the bottom yet. +3. We are currently in a bear market rally. + +There seems to be an opportunity approaching to short the QQQ, but at what level? I'm currently thinking short at 318 resistance level and if it goes higher, short again at the 200 day moving-average (currently around 346 and dropping). + +For example, Shorting QQQ at the 200 day moving-average around March 30th would have been a great trade. + +Any thoughts on this? Does anyone here trade the SPY or QQQ? How might you approach this trade or what is your strategy for trading the SPY or QQQ? +There have been very few cases where I've seen someone teaching some skill or profession, that is also recognized as extremely good at the skill they are teaching. But for me it's difficult to justify that in trading. What are the most common reasons, in you opinion, for someone that is exceptionally good at trading to teach others that profession instead of concentrating all their efforts in doing actual trading. +There have been very few cases where I've seen someone teaching some skill or profession, that is also recognized as extremely good at the skill they are teaching. But for me it's difficult to justify that in trading. What are the most common reasons, in you opinion, for someone that is exceptionally good at trading to teach others that profession instead of concentrating all their efforts in doing actual trading. +I chatted with a few traders recently over at [r/daytrading](https://www.reddit.com/r/daytrading/) and came to an interesting conclusion. + +Day trading (going in and out within the same day) is seen as an active income for most, where you try yield a certain $ amount a day. If you don't trade, you don't earn that day. If it's geared toward another income, why not get a job where the odds are not so horribly stacked against you? + +I find the day trading mantra quite dangerous. It lures inexperienced traders. Every Tom, Dick and Harry will brag about his quick profit scheme in GME or whatever is hyped at the moment. That's why penny stocks work so well. Options are the exact same thing. Do the people over there really earn a consistent income? I doubt so. Day trading is hard. + +Isn't the whole point of putting money to work so you don't have to work? I always aim at passive income and trading should be a form of wealth-building. Building wealth means that we look at everything in terms of compound interest. You lose sight of the $ sign and focus on the % sign. **That's** where the big money is made – and it starts with a mindset. You also widen your time horizon and look at your performance over months and years. + +I see trend following as a way of making passive income on the side while you can pursue other productive activities. You're in a trade for multiple weeks to months and all you do is risk management with SLs. I follow trends in the NQ and am pretty much in the market around the clock. I'm either long or short, but never flat. The market does most of the work, and my part is to sit on my hands. + +I have trouble understanding why someone would work hard playing tiny swings if things could be so simple. Unless boredom is a real issue. +Hello I want to start on trading in the market and I would know what kind of things I should know before start. + +1.This is a long or short term business + +2.What is the best mobile/pc software to start investing + +3.What things I MUST know for trading and what things I MUST NOT do. + +Any other useful tip will be welcome and greatfully to reed :) +I'm just trying to hone my predictive capacity and proof-test my methodology. + +One way of doing that is take parts that seem contrary to my method's expected results. + +Right now one possibility of why my experimental method suggests MSFT to be bearish but it broke out on a tall candle today is that it's possibly forming a head and shoulders. + +Which could he exciting be cause if so then I'm witnessing a lot of good indicators such a pattern is forming. + +Basically it's "higher high" looks a sick as a dog. + +I'm firmly convinced that buying now would be a major mistake. + +But I am watching and waiting to see what actually happens next. + +If SHS then tomorrow will close lower for MSFT. Much lower probably. +Or is this only reserved for the few traders who are actually successful? Apparently most traders fail to beat the market consistently... + +&#x200B; + +How much money would I NEED to start with to make significant enough gains? +A friend messaged me this morning saying that his portfolio lost 10% of its value recently and that this was complete doomsday. Judging by the futures, the NQ is down 7.2% from its highs. I get that, it's frustrating. + +It is also noteworthy that the sell-off hurts technology stocks in particular. But mind that they were also the largest beneficiary in recent months: + +* Nasdaq 100 is 53% above its weekly 200 EMA. +* S&P 500 is 31% above its weekly 200 EMA. +* DJIA is 19% above its weekly 200 EMA. + +Which one is going to be hurt first and foremost once a correction is underway? Obviously it's going to be the most stretched industry sector. Information technology is 28% of the S&P 500, and 20% of the DJIA. + +If you trade stocks to hold them for a longer term, you've got to have conviction in them. You've got to know the companies you are buying. Forget the frantic red and green flickering of stock prices and find what's behind. Am I going to dump all my holdings just because they're "overvalued". Of course not. I'm going to hang in there with stocks going down 30% and then come back up 80%. Even if that takes another 3 years. It's the nature of the market and it is great at weeding out the less convinced. + +Volatility is the price you pay for your returns. + +If you held Apple all these years, you are sitting on a fortune now. Same goes for Amazon and many other megabrands of today. Amazon went top to bottom -60% several times in its history. You've got to have conviction to hold it through such times. I also go to the grocery store to pick my favorite marmalade brand. If there's a 30% discount I'll pile up. But you cannot ever pile up if you don't have conviction in your holdings in the first place. + +So here's what I would do. Go through your portfolio name by name. Ask yourself why it's there in the first place. Start with "I own XYZ because...". Warren Buffett had also advised it in one of his interviews. If you can't tell that story, sell it off. It doesn't belong in your portfolio. Free up that cash so you can pile in when spectacular opportunities arise in future. + +Once the portfolio is cleaned up, I would consider hedging methods for your portfolio. Trend following is an excellent way to hedge an entire portfolio against adverse moves. + +It requires short-selling which any newbie can do with some guidance. I'd be happy to help you through this if you want to learn how. Just post questions in the comments here or come to the trend following [Discord](https://discord.gg/Uu5wmeQyEj) server where you'll meet other traders with the same goal. +We are on our last $6.80. My wife went to safeway to get a bag of dog food with our last $6 plus 80 cents we found in the car. The cheapest bag was on sale for $6. Great! + +We get checked out and with tax came out to $7. And out to find some change, to no avail. + +Come back in and say "sorry we couldn't find the change, can we use that quarter in the spare change container?" + +Her: "sorry we can't let you use it, it goes towards our donation fund at the end of the night" + +And we apologize we can't buy it and holding up the line with some snarky ahole behind us glaring at us. And go to walk away and then the cashier says "oh, your poor dogs. How are they going to eat tonight? So sad!" Half way across the store. + +Yeah fuck you lady. +I'm going through this process and thought I'd provide some real world feedback for anyone else interested. Required reading beforehand: [https://www.gocurrycracker.com/getting-a-mortgage-without-a-job/](https://www.gocurrycracker.com/getting-a-mortgage-without-a-job/) + +&#x200B; + +Alright I talked to a bunch of people today. Findings! + +&#x200B; + +The Schwab/Rocket Mortgage thing is real. It's an entirely separate division for them - the guy I talked to says he basically only works with people who have assets and little W2 income. The process seems pretty straightforward, little is different from a regular mortgage application. you do not have to be a Schwab customer - you just get a discount on your rate (see website) if you have enough $$ with them. Rates should be about the same as normal rates, maybe even slightly better. They require a hard credit check to do the app, but said he can get me approval within a day or two. + +I did not ask (and it didn't seem clear if he'd know) exactly what the formula was for approval. Some of those threads off the GCC article had guesstimates. + +&#x200B; + +I talked to a mortgage broker who can get me the same product as above. She confirmed this is a normal govt backed loan, so the rates should be the same as you see on "normal" mortgages. She also said it's a pretty easy process if you qualify and nothing out of the ordinary in a closing. She quoted me a 5.375% 30-yr or a 4.875$ 15-yr. + +&#x200B; + +I talked to a realtor and a mortgage broker who both introduced me to Bank Statement Loans. These seem really simple -- you move $x into your checking account for 1 month, tell them that you've "set up monthly distributions" in that amount, prove that you have enough in assets to do that for X period of time, and they'll use that for "income" to approve the loan. + +There's a lot of unknowns here, but it was a good start. One said "you only need to do 1 months worth of transfers and that's good enough" - so you don't need to be doing this for 6mo ahead of time. The $x would go into their usual debt-to-income ratio, so downside is you probably need to at least double what you want. It seemed implied that once you've got the loan, no one is checking on this, so you just stop doing it afterwards I guess. X period of time probably varies by bank. + +Major downside is that banks see these are high risk, and they are not backed by the govt, so I got an estimate for an 8-9% loan using this method (compared to current rate \~5.375 on a "normal" mortgage). + +&#x200B; + +I talked to another mortgage broker. The asset-backed product she offered had these rules: + +\* 700+ credit score + +\* You must put 25% down + +\* You must be able to show assets totaling: \[Total Loan Amt\] + (All your reoccurring debt \* 60 months). + +\* Plus be able to show "access" (unclear what this means) to 6 months of reserve for the mortgage + +\* Plus have at least $500k in post-closing assets (again, unclear on exactly where). + +\* All this would also net me an 8.5% rate + +&#x200B; + +&#x200B; + + +YMMV given current state of assets, etc. Several people (including at least one of the above) were highly suggestive of just paying in cash and maybe doing a cash-out refi or HELOC later if you want the cash back \[this is what GCC did in his article\]. +Hello, + +As the title states, my second son was born in September, however he passed away. Should I enter his social for the child tax credit now or just wait to claim him on my return next year? + +Are there any other things I should be doing in this situation? + +Thanks in advance. + +Edit: thank you all for your sympathy and condolences. +As many of you know, we introduced incentivized, donut upvotes (tipping) as an [On-Chain, Community Curation Experiment for r/EthTrader](https://np.reddit.com/r/ethtrader/comments/plpndu/donutupvotes_an_onchain_community_curation/) a few months ago. The goal was to encourage community members to curate the content they liked by spreading some donuts to those who created quality, helpful, insightful, or entertaining content. Both the curator (tipper) and creator (tipee) receive donuts as a reward. Needless to say, over time the system has been taken advantage of, with some users tipping hundreds of posts in the span of hours. As a result they are harvesting large portions of the donut distribution through blatant tip farming. + +So, the first part of this post serves as a blanket warning-before-ban to anyone that has been tip spamming. This kind of activity is spam and is 100% against the sub rules. You know who you are and, thanks to the open ledger that is blockchain, we also know who you are. Going forward, anyone found to be tip spamming will be banned while the community determines the best way to proceed. + + + +**What is the Next Step for Donut Upvotes?** + +So, what's next?! With the warning out of the way, we also wanted to open the discussion to the community to see what Donut Upvotes look like moving forward and whether any changes should be considered prior to this next distribution. To kick off the discussion here are a few ideas that have been thrown around the sub, in no particular order: + +- Place a per diem cap on tips. Users can tip more if they like, but only the first 5?? each day would count towards donut rewards. +- Maximize earnings as tipper to be the same as you tipped (essentially making tips a no-loss, but no-gain activity) +- Increase the minimum tip quantity and burn a portion of each tip. +- Enforce a min contrib requirement to earn from tips to prevent new "alt accounts" from avoiding any caps place on tipping. +- Quadratically weight tips based on [governance weight](https://donut-dashboard.com/#/governance) for the purposes of rewards. Something similar is currently used for calculating the rewards earned by posts on tips received. +- Provide a reward bonus or multiplier for providing "proof of individuality" such as [BrightID](https://www.brightid.org) +- Vest rewards to incentivize positive community engagement. Vested rewards should probably be at risk in this scenario, if you get banned the donuts that are still in the vesting contract are burned. +- Publish a public log of tips each distribution. +- Normalize rewards. This would effectively lower the ceiling, but raise the floor for monthly donuts. +- Instead of directly rewarding tippers, burn that portion of the reward. Less donuts in circulation == everyone wins. + +All of these have their own pros and cons and, yes, most of them are probably still game-able, but we're hopeful that together we can work out the right balance for our community. I am sure there are many more good ideas out there, look forward to hearing your thoughts! + + +As alway, thanks for riding the ups and downs of the r/EthTrader donut experiment with us! To me, it can be bumpy at times, but super exciting and a non-stop learning process. With these open discussions and experimentation, we can continue to build a stronger and more resilient community together! + + + +--- +While you are here, also check out these other new/open DAO related discussions: +- [[Governance Proposal] Implement an OC flair(s) for Posts](https://www.reddit.com/r/ethtrader/comments/rlq4sl/governance_proposal_implement_to_an_oc_flairs_for/) submitted by u/ethereumgasbot +- [[Donut Initiative] Ethtrader Website Merge-ening](https://www.reddit.com/r/ethtrader/comments/rlj0ln/donut_initiative_ethtrader_website_mergeening/) submitted by u/Basoosh +But this really shouldn't bother ETC folk bc their mantra is CODE IS LAW ABOVE ALL ELSE. + +Is this one of those be careful what you wish for type situations? + +(Damn I wish I knew how to short) + +https://np.reddit.com/r/EthereumClassic/comments/4wnn3k/alex_van_de_sande_uavsa_and_the_rest_of_the_robin/d68ha2h + +From link "We have no idea what anyone's intentions are at this point." + +IMHO ETH it´s clearly undervalued by now. In 2015 and 2016 there where only primisses and really good ideas to de developed, but now we already can check that ETH developer team is doing their job. + +If you have a look at Github there are so many code added continuously. They are trying to solve all kind of issues daily. + +We have constant updates for mist, geth, wallets, etc.... + +And MetaMask, which for me means that running a Web 3.0 linked to ETH blockchain it´s a reality already!. + +Ethereum, Akasha, uPort, Metamask, Interoperability, and many other promising projects to come this year but I have the sensation that ETH doesn´t reflect all those news. + +Metropolis will bring access to a "Dapp store", and it will be easy to install thousands of ETH Dapps. Like right now through Play Store in your mobile. + +At the end of this year PoS implementation will have a date, and that will mean a huge goal. + + +And what is expected for BTC in 2017? being adopted by any other firm as a payment method? LOL! there is not possible comparison in future projections. + +BTC is already "an old technology", they are stuck in important decissions because they have realised that a "money" that you have to wait 10 minutes to be used it´s completely USELESS. And it´s expensive!. I don´t see any future for BTC besides the chinese expeculation last months. + +Sooner than later people will start to fear about the future of BTC (for logical reasons) and in that moment the whole crypto world will focus in ETH because it offers solutions for everything that BTC lacks. + +In 5 years from now I can´t imagine BTC market capitalization being above ETH´s + +What´s your oppinion? +On the way to fat with a partner, just wondering if anyone else out there hit their number and then went back to school for something perhaps more soul enriching? + +The recent run-up in stocks/RE has been kind to us and I can foresee punching out in the near term from an office gig (IT). Likely will be early to mid 40s and will not 'need' work to provide for generous living expenses. Thinking of going back to school for somethign in the medical field (nursing or PA, likely) just to stay engaged, learn/explore a new skillset, and work in medicine. Likely have the pedigree/smarts to do med school but no interest in 7 more years of school, am no spring chicken. + +Curious if any other fatties out there went back to try a different road after already winning the money game, especially if it's med-adjacent. +We fatfired a couple years ago in our late 30s in the US, and just recently had a baby. This is taking us from a relatively simple estate plan (distribute everything to family/friends and non-profits, no long term trusts) to something that provides for the child through their life if something were to happen to both of us. + +I'd love to hear how others in a similar situation have thought about it. + +We've been thinking of it in a few dimensions: + +1. How do we use money to increase the chances of our child having a better life? +We live in interesting times, and it's unclear they will have the same opportunities as I've had. At the same time, we worry that too much of a cushion will lower their drive or turn them into, for lack of a better word, an asshole. +2. How do we ensure the money is not exhausted early through poor decisions? +This is low 8 figures - enough to support someone in perpetuity at a reasonable lifestyle, but also easy to burn through with poor decisions. +3. How do we avoid unknowingly doing damage through inflexible decisions we make today?Decisions that make sense today might not do so in 20 years. For example, one could imagine requiring a university education to receive some portion of the money - but one could also imagine universities being far less relevant in 20 years. + +The parts that seem obvious are having an irrevocable trust, with child as beneficiary. Trustees and backup trustees who are very close friends in a similar place in life. We are fortunate to have a few people we trust at that level. + +The hard parts are not the mechanics, but rather the factors that influence the above points: how much should the child know, and how much control do the parties (child, trustee, child's guardian) have over how the money is used. + +Thanks in advance, and I hope this spawns an interesting thread. +https://www.cnbc.com/2019/05/22/goldman-apples-earnings-would-drop-by-nearly-30percent-if-china-bans-its-products.html + +Analyst Rod Hall said in a note that Apple earnings could drop 29% if the company’s products were banned in mainland China. + +Apple’s China business accounted for more than 17% of its sales in its fiscal second quarter, coming in at $10.22 billion. + +Hall also noted that China’s “tech ecosystem” and local employment could take a hit if Apple products are banned. Most of Apple’s supply chain rests in mainland China, including the iPhone’s final assembly, which is executed at Foxconn. +*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 🚀🚀 +Hey AusFi !! +I am 26M and still on my journey. I moved from a big city to a regional town three years ago, and in that time I was able to increase my net worth from ~$20k to ~$80k (I am on $55k salary), but had to see my friends and family much less, less partying and more down time to fill in etc. I'm about to move back to the city with a different mindset, hopefully I can control my spending this time. What's your story of sacrifice? Please inspire me! 😁 +My wife and I are looking to move out of our overpriced tiny apartment into something farther out of our city to find a more affordable place. I am almost certain we could find a decent house for lower mortgage payments than our current rent. What are other costs we should be considering when thinking about buying our first house in the US after apartment living for many years? + +Edit: Thank you all for the insight! Promise I am reading all of this and it is helping with the conversation. + +&#x200B; + +https://preview.redd.it/km4ncn0v7b2a1.jpg?width=1280&format=pjpg&auto=webp&s=394f0ec072bfc51508a67dbc3dac53c0e1c2952b + +**What is Wagyu Games and Undead Blocks?** + +* Wagyu Games is a Web3 game development studio based in the United States. Our goal is to bring fun arcade-style games to the blockchain and empower players to own their assets, save their progress and provide interoperability amongst all of our titles +* Our first game, **Undead Blocks**, is a blend of Call of Duty Zombies crossed with Mario Kart, where players will compete with and against each other in a never ending fight for survival +* Check out our [Gameplay](https://www.youtube.com/watch?v=Ifc6XeV821Y&ab_channel=WILLIEST) and our [Whitepaper](https://undead-blocks-team.gitbook.io/undead-blocks-whitepaper/gameplay/introduction)! + +**What makes Undead Blocks stand out from other Web2 zombie shooters and Web3 games?** + +* Wagyu Games prioritizes fun gameplay above all else. Our mobile version is currently in development and will allow for cross-platform play with friends on both PC and Mac. As Call of Duty pivots away from COD Zombies and focuses on Warzone, we see a unique opportunity to seize market share and recreate what made that franchise so special for a decade +* Our free to play and earn tournament series has yielded over $100K to gamers in beta through sponsored online and in person events, connecting zombie and FPS fans from all over the metaverse +* To truly become AAA, it will take time – that means more maps, easter eggs, more weapons, and ways to compete against each other. Taking the Fortnite approach, we will be looking to cross-IP as much as possible with popular Web2 brands and familiarize Web2 gamers with NFT tech to show them that Web3 gaming isn't so scary. + +**The Undead Blocks x GameStop NFT Marketplace Skin Collection** + +* Undead Blocks will be releasing a 25,000 supply loot coffin NFT collection directly on the GameStop NFT marketplace on **December 5th** Each loot coffin will contain one skin from our Season 1 collection. Each survivor will have the chance to collect rare weapon skins, gold and silver ticket items, participate in our ‘Interstellar’ giveaway, and more! + +&#x200B; + +https://preview.redd.it/24bd3qtx7b2a1.jpg?width=1280&format=pjpg&auto=webp&s=06cabce32277058509a9b5bfeb2cc0f05576eaa2 + +**Superstonk Melee Weapon Skin Giveaway** + +* To celebrate our first listing on the GameStop Marketplace and our partnership with Immutable X, Undead Blocks has crafted a melee weapon skin for the Superstonk community +* The ‘SuperStonk’ skin will only be made available to community members, each skin will be sequentially numbered, and will never be offered again within the Wagyu ecosystem +* To participate in the Superstonk Melee Weapon Skin giveaway, leave your registers IMX L2 wallet address in the comment section. See how below: +* Register your wallet address on Immutable X to be eligible. Gamestop wallets can press “Activate Layer 2” to register. Other wallets can follow instructions via this [**link**](https://support.immutable.com/hc/en-us/articles/360062010454-Creating-a-new-Immutable-X-Key)! +* Once the requirements are met, the skin will be deposited to the wallet address associated with the corresponding account + +https://preview.redd.it/0c309xmz7b2a1.png?width=2048&format=png&auto=webp&s=536a016f00dbd91629e708a7d1f0d263571255a3 + +**The ‘Interstellar’ Giveaway** + +* In the spirit of welcoming in all of our new Superstonk gamers, we have also curated a limited edition RPG skin that represents the very best of the Superstonk community +* The ‘Interstellar’ skin will be airdropped to gamers that hold at least 10 Common, 5 Rare, or 2 Legendary Coffins in their wallet as of **December 19th,** which is one day prior to loot coffin reveal. Each skin will also be sequentially numbered and will only be made available during this loot coffin drop, never to be minted again! + +https://preview.redd.it/6hbtipy18b2a1.jpg?width=1280&format=pjpg&auto=webp&s=a2e7876a33a54fc3bf1ef3cb9a566140b9fd457c +Whatsup Apes, + +As another entertaining as fuck last few weeks passes I got to thinking: Why hasn't GameStop done anything yet about the now very public international securities fraud that is taking place with the splividend? + +I think the answer is clear based on precident previously set from other fraud cases that have been held against the DTCC in the past, which have all been dismissed in federal court while the DTCC claims the companies are simply blaming their stock decline on the DTCC when it is in fact their own fault. + +Imagine how infuriating this would be as an honest business owner? + +Ryan Cohen knows that taking this issue to court is suicide and he'll both be struck down and ridiculed by the corrupt individuals in place. + +That's exactly why around a year ago they declared their right to leave the DTCC if they show that they cannot perform their duties properly. + +GameStop isn't going to ask if they can leave the registery, they are just going to do it and then the DTCC will have to defend themselves on the issue with the ball in GameStops court. GameStop has previously declared their intent to act based upon failure to properly administer their share actions. With the splividend, they have officially created a share action that was improperly administered. GameStop already notified everyone of what they would do, and now they have been handed the right to do it. + +The DTCC now has to step out of their game to explain why this shouldn't be allowed. This is the opposite of what previous failed attempts have done (other than Overstock.com). Instead of GameStop stepping into their game to explain why they are right, they are forcing the DTCC to step into their game to explain *themselves.* + +This is juicy people. I'm eating reasonably priced popcorn from the grocery as I watch this unfold. + +This is the pirate flag meaning. We are about to fucking commandeer this market and make it our own. We are taking it back from the elite and giving it the people to enjoy with honesty. + +Fuck Ken Griffin and every single person on his side that profits from destroying the American Dream. You could not be less American. You could not be less patriotic. What is being done is treason upon freedom of the people. + +GMERICA! + +BUY DRS HOLD +I am currently looking at an option that has an implied volatility of 110%. +So correct me if I am wrong, but this means that there is a 68% chance that the price ***of*** the ***option*** will be 110% higher ***or*** lower during the next 12 months. But how could it be 110% if the stock can only go to 0%? + +Looking at Tesla puts, 170 strike, IV is somewhere there, how would I interpret this high IV.? +What does it say in regards to the markets opinion of this specific strike and its IV of Tesla? + +Does it suggest that markets are pricing in a fairly steep move down, and this reflects in the high IV? +My list includes: SNX, XRP, ADA, LINK, VET, XTZ, ALGO, and ZIl. Only investing what I can afford and am willing to lose what I invested. Was wondering what portfolio you guys are holding and why? Obviously in this for the long haul! Gonna add to my portfolio in the future possibly, but I’m fine with my portfolio spread. Each has a certain risk (more than others) that I’m fine with! +Whenever I browse this sub, I see lots of projects that I’ve never even heard of. This is my go-to subreddit when I’m loooing for a new project to invest in, and I’m just wondering if there is a specific way that you guys find these new projects, especially if they aren’t listed on any major exhanges. + +Help would be appreciated, thanks! +Historian Paul Schmelzing recently [published](https://www.bankofengland.co.uk/-/media/boe/files/working-paper/2020/eight-centuries-of-global-real-interest-rates-r-g-and-the-suprasecular-decline-1311-2018.pdf?la=en&hash=5197703E8834998B56DD8121C0B64BFB09FF4881) an exceptional working paper on eight centuries of global real and nominal interest rates, from 1311 to 2018. + + [Nominal rates graph](http://theyieldblog.com/interest_rates) + +What he discovered surprised me: nominal and real rates over very long periods of time are in "suprasecular decline" and that the fall in real and nominal interest rates over the last forty years are merely a reversion to long-term historical trends. When I say "interest rates", I mean both literal rates (paid for debt servicing), as well as effective rates (i.e., at what earnings multiple stocks trade). Schmelzing is more limited in his definition but I will use the term "falling rates" to mean both lowering bond yields and rising equity multiples. +What's more surprising, the rate of decline is fairly "rapid" across human history at about 2 basis points (.02%) a year. In 100 years, interest rates will be a full 2% lower in expectation. If this phenomenon is reliable and persists into the future, what will the world look like when interest rates are near-zero or negative? Allow me to engage in some rank speculation. + + +1). Outsized wealth creation will no longer be possible by professional "asset compounders" like Warren Buffett because there's not a lot of "compounding" one can do when rates are so low. I mean this very literally: since expected human lifespans are only getting a little bit longer, and the [Rule of 72](https://www.investopedia.com/terms/r/ruleof72.asp) remains true for all [non-relativistic finance](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2568257) we literally can't live long enough to compound enough money to move the needle. +Instead, capitalism will heavily favor "asset gatherers" and "money-raisers" that invest in direct capital projects -- people who raise a lot of money to do something low-return and (legally) skim a bit off the top, because there's going to be simply so much more money floating around and the return hurdle is so much lower. Insofar as this is already painfully true of capitalism by the early 2000s and 2010s, it will be even more the dominant reality for our grandchildren's grandchildren. Someone like Warren Buffett was truly born in the right decade: a time when, at the midpoint of his life, interest rates were unusually high (i.e., assets were unusually cheap) and began a long decline, driving outsized returns for "professional capitalists" and especially for value investors who correctly assigned a very high cost of capital to earnings. The dominant model of wealth creation has shifted from squirrely hoarders like Buffett to either bombastic asset gatherers like Adam Neumann, or to extremely talented builders like Elon Musk, in part because interest rates are much, much lower. + + +2). Monopolies will be more valuable than ever and non-monopolies will trade at more significant discounts. As required returns lower, capital will flow toward non-monopolistic, competitive industries (think Quip, Boll & Branch, and whatever other favorite podcast sponsor you have) and reduce returns in those industries even further than where they are now. What really matters isn't how much money a company is making per se, but the certainty that they will earn those returns in the future. This certainty in maintaining pricing, margins, and market share enables investors to capitalize businesses at very high multiples because there's "nothing else left to invest in". More on this later. + + +3). Commodity-capital industries become particularly bad industries over time. Finance (all of it: main street banking, investment management, insurance) becomes even more commoditized than it already is. Funnily, I think investment banking is a service and will be excluded from this implosion, and the high-end firms should remain well-insulated as capital raising and valuation-setting activities from IPOs remain a fairly sensitive activity. Real estate cap rates should continue to decline and so should their associated capitalization requirements and costs of capital: one day we'll commonly start to get 100% debt financed apartment complexes that only cost 3% to service (China is perilously close to this phenomenon already). + + +4). The rise of what I can only describe as Neofeudalism. Imagine a world where a "typically risky" asset has a 2.5% nominal return: +a. If you can build an income stream, it will trade at 40x earnings. +b. If you fail to build an income stream, you need 40x the money to replicate the same-sized income stream. +c. If your parents were rich and frugal, you will be rich, because they amassed all of the asset increase benefits from when interest rates were high and dropped. Inheritances, in some weird reversion to the mean, will once again become a greater determinant of wealth. +d. It will be almost impossible to become independently wealthy as a wage-worker, because if you save money, you'll only be earning a 2% nominal return. +e. "High-certainty assets" will be seen as even more valuable than before, relative to peers. This is due a weird intersection of behavioral finance and arithmetic: an investor being willing to accept a company valued at 1% cap rate instead of 2% will go from valuing a company at 50x earnings to 100x earnings. In low interest rate worlds, the value of securitizing and financializing income streams only grows, because the equivalent capital required to generate those equivalent streams becomes very high. This is why payments startups make so much more sense today than ever before: their revenue streams are incredibly reliable, on an ever-growing churn of economic activity. Even if their profits are low now, the certainty of the growth of future cash-flows is extremely high, and being certain as interest rates asymptote to zero enables the biggest and best valuations. + + +Why do low future rates bring about Neofeudalism? Interest rates are like a very long lever. As rates go lower, the lever gets longer, and the more valuable income streams become. At some point the lever itself becomes a sort of king-maker: if you are able to build a perpetual-income business of any kind, you will effectively control an economic fiefdom, because that income stream will be considered incredibly valuable. And if you fail to create that perpetual income stream, you'll be a serf, forced to either deplete your savings (since returns aren't high enough) or work forever. + + +This also re-calibrates our understanding of Baby Boomer wealth. They entered the job market when interest rates were at their very highest in recent human history. If you were a reasonably competent young person who could secure a job, you could compound an unbelievable amount of wealth over the ensuing 5 decades. +Hello all, + +As the title says, this week I went to put in my 2 weeks notice at my current role at a large consulting firm as I have recently accepted a new offer. My current pay is 73K and the new offer is for 110K base with a bonus of 5K. + + +When I told my leadership team, they said they really wanted to try and keep me in my role and told me they would have conversations with HR to see what they could do. I shared that my main motivator for leaving was the monetary aspect. + + +Today, my company leadership presented me with an offer from their side. They said they would bump my current pay up by 10K (bringing me to 83K) immediately and give me a 3K bonus. They then stated that they would put me up for an off-cycle promotion in early summer as they said there should be a spot for me, and with the typical promotion raise this should bring my base to 100-110K. + + +I am extremely conflicted for several reasons: + +1. When I asked if I could get something in writing about the promotion, they said no matter what they do, they would never be able to get something like that in writing. + +2. The one uncertain area about the company who made me the original offer is the work-life balance. I have no idea what management is like there as everyone puts on a nice face for recruiting. I feel valued at my current company, and I'm worried I will have serious imposter syndrome at my new company. + +3. I'm so worried I will feel like a fool for not taking an immediate guaranteed raise of 37K, but I genuinely love my company and would stay in a heartbeat if they could just match my offer (which they said they can't do because I would be too far out of the pay band). + + +I would love to hear your advice. My plan is to at least counter and see if they would immediately bring my base up to 90K (or at least give me an immediate bonus larger than 2.5K). I need something to give me peace of mind if the off-cycle promotion wouldn't happen. +I wrote this and thought that this may be a good place to share some insight onto the wheel strategy, which has gained popularity over the past few months. Enjoy! + +[**article link**](https://medium.com/@ProjectTheta/how-to-use-the-options-wheel-strategy-5013c9938f4b) + +For those who are delving into the world of options, you may have heard about a **strategy** called the **Options Wheel.** The wheel is a great strategy for generating semi-**passive income** with a **lower risk** than many other strategies. What really shines in the options wheel is the **consistency** and **scalability** which can both benefit small and large accounts alike. + +## Account Size + +When trading options, always remember that the market will always be a game of chance. No matter how much time you put into research, the market will always remain unpredictable, and therefore it is important to **only start with what you are willing to lose**. Make a wise financial decision, and do not put all of your investing money into the wheel. + +* A good balance of investing would be **60% in index funds, and the remaining 40% or less into the wheel strategy.** + +>That being said, the amount of money required to start the wheel strategy is at least **$2500** + +Having $2500 in your account ensures that you will be able to trade contracts on stocks or etfs which are above $20, which have significantly better risk-to-reward compared to penny stocks. + +Now that we have finished with the formalities, lets get into turning the wheel. + +# Step 1: Pick a Stock + +The stock you pick for your wheel is extremely correlated to the performance of your account. + +>*Only pick a stock that your are bullish on, or think will rise in the long termOnly pick a stock that you can afford. Your account value must be 100x greater than the price of the stock.* + +**For example, some stocks that I like to use for the wheels strategy are:** + +* TNA (an ETF) +* AMD +* INTC +* SPY (another ETF) + +You get the picture. I believe that these stocks will grow in the long term, so they are fair game for the wheel strategy + +* Assuming that SPY trades for $300, I will need 30k freed up in my account to run the wheel on it. + +OK, now it is your turn to pick a stock or etf. Got it? Great, lets move on! + +# Step 2: Sell a Cash Covered Put + +Getting into the wording for all strategies can get confusing, so lets break it down into digestible chunks. + +**Cash Secured** = We have the money to buy the shares if assigned**Selling a Put** = We write a contract that someone else buys. When they buy the contract, we agree to buy 100 shares of a stock that we choose, in the case that the stock falls under a strike price that we determine. In return, the buyer of the contract pays us a “premium”, which is just money in return for the contract.**Contract** = A contract that is either bought or sold. **each contract references to 100 Shares** < + +Here is an example of a put that we sold — SPY 7/2 $290 Put 1.50p + +In this put we agree to buy 100 shares of SPY if SPY drops down below $290. Because our price of SPY right now is $300, our contract will need $30,000 of collateral, because the contract references 100 shares. The person who buys our put has until 7/2 for their contract, and after that, if it has not dropped below $290, then it will expire worthless and we can go into another put. + +## But Here is where the magic happens: + +The person who bought our put paid us a premium, which in the above example is $1.50. In reality, that is $150 because our contract is for 100 shares. If the contract expires worthless, then we can keep the $150 as pure profit, and **this is where we make our money**. + +Theoretically, we can make this money forever, by repeating these steps of selling a contract, expiring worthless, keeping premium, and selling another one. + +However, if we want to make the most money, we have to find a good balance between premium and strike price + +It is up to your risk tolerance to choose when you want to increase your premium or lower your strike price. Generally: + +>A lower strike price will result in lower risk, but lower premium.A higher strike price will result in higher risk, but higher premium. + +It is up to you to find that boundary, but generally, if you want an option to be worth your time, **your premium should be at least 1% of the stocks price.** Taking premiums lower is considered a waste of time, and will not generate significant profits. Finding your tolerance is important. + +# Step 3: Repeat until assigned + +Did the put that you sold expire worthless? Great job, you just netted **all the premium** from that contract as **profits**. But what next?Although not as of an exciting answer, just sell another put, maybe **upping your strike price, or lowering** depending on how you felt about the last one. Continue to do this until the contract that you sold expires in the money, or the price of the stock finally reaches below your strike price, and the person assigns. + +# Step 4: Sell a Covered Call + +The put that you sold just expired ITM (in the money)! The person who bought your contract has decided to assign, and you are forced to buy 100 shares of that stock. + +The world is not over, but take that as a learning experience. Maybe you still made profits with the premium, but maybe you didn’t? Did you take too much of a risk? All of these are questions that you should ask yourself to evaluate how you can make your next play better. Anyways: + +## You are stuck with 100 shares of a stock, what to do next? + +This is where finding the right stock pays off. You are bullish on the stock, so holding it for a few weeks or months should be fine. + +However, this is where the option wheel turns, and you capitalize on your 100 shares. + +**Lets first break down what a covered call is:** + +**Covered** = You have 100 shares of the company.**Selling a Call** = We write a contract that someone else buys. When they buy the contract, we agree to sell 100 shares of a stock that we own, in the case that the stock goes above a strike price that we determine. In return, the buyer of the contract pays us a “premium”, which is just money in return for the contract.**Contract** = A contract that is either bought or sold. **each contract references to 100 Shares** < + +Here is an example of a covered call that we sold — SPY 7/22 $320 Call 1.85p + +In this call we agree to sell 100 shares of SPY, by or before July 22, in the case that SPY’s price rises above $320 and the buyer of the call decided to exercise the contract. In return for this opportunity, we get paid $1.85 per share of SPY, which is actually $185, because the contract references 100 shares. + +# Step 5: “Turn the Wheel!” + +\*\*Now it is easy to see the power that the wheel strategy has!\*\*You can keep pocketing this premium every time one of your contracts expire worthless, and build this up into a large account! Congratulations, you just spun the options wheel strategy. Time to reset to Step 1, or just sell another put on the same stock if your outlook has not changed. + +>*Thanks for reading this article, I hope it gave you insight to try or alter a new strategy. In conclusion, the wheel is a great way to generate passive income by selling options and collecting premium.* + +&#x200B; + +Thanks for reading everyone, the article is available [here if you want to see the full article with pictures.](https://medium.com/@ProjectTheta/how-to-use-the-options-wheel-strategy-5013c9938f4b) + +&#x200B; + +EDIT: I was asked to put this into the article, as an explainer for some confusion: + + + +1. Break even, max profit, and max loss values ONLY APPLY AT EXPIRATION. You can only gain the full premium, or reach your max loss potential if you hold your contracts till expiration. Many people prefer to close out of contracts in a specified amount of time, like 1 month, or 30dte. +2. Max profit comes with max risk and max holding time, so please, CLOSE YOUR POSITIONS BEFORE EXPIRATION. To learn more about this, you can see this article: [Risk to reward ratios change: a reason for early exit (Redtexture)](https://www.reddit.com/r/options/comments/hg8ce9/risk_to_reward_ratio_changes_over_the_life_of_an/). +First of all: I have no positions in TSLA. I like their financials and believe they can be long-term successful, but no matter how optimistically I valuate them the stock price is still a lot higher than what I'd be comfortable with for opening a position. Basically, as long as it's 3 digits I see no way to make this work from a value perspective, around 75 would be a good entry point if I'm somewhat optimistic, around 50 if I'm more conservative. + +Now, for the fun of it, I decided to search for old-ish threads about TSLA. This so-called "bear market" started around beginning of 2022, so I want threads that are newer than that, after things already went down a bit. + +There's a lot of them. But I'm grabbing out one from 10 months ago as an example: [https://www.reddit.com/r/stocks/comments/st09kt/tsla\_bullish\_price\_is\_287usd\_dd/](https://www.reddit.com/r/stocks/comments/st09kt/tsla_bullish_price_is_287usd_dd/) + +It's by a guy who makes a case why he thinks TSLA is overvalued and he comes with a 287 USD target for it. At that time, TSLA was trading a bit above 300 or so. So his target isn't outrageously low compared to the price back then. It's also pre Ukraine war and energy crisis, but that didn't seem to be the major factor for TSLA, which traded at 380 in April. + +OP in that thread put a lot of effort in this, and while I disagree about many assumptions, it was definitely not a hate post on TSLA, but an attempt on some DD and coming up with a fair price for a company he seems to like. + +Boy, did that guy get a backlash. The top comment by u/32no lay out the case why this, actually insanely optimistic, valuation back then is ridiculous and the share price will never get that low, while others just went to ridiculing OP. The user I tagged here is still mostly defending TSLA, according to a look at his recent posts. + +However, the stock price today is less than half than the target price OP came up with in the thread I linked. I would be really interested in hearing from people who bashed OP back then, what they think about their arguments in retrospect. + +EDIT: one correction, it seems OP's price target was further below the price back then, since there was a 3:1 split afterwards. The price target roughly translates to a price of 95 today, which is still on the high side for TSLA, but much more realistic. All the conclusions, that while I find the price target too high, I respect the effort OP put in, and that I feel he has been treated quite unfairly by commenters, remain valid. I can understand that the larger price difference shocked some less-informed users back then and emotions ran a little higher, but that the analysis was even more sound than I initially thought makes the comments even sadder. +We are now seeing DAOs coming, start ups being funded in ETH. The DAO crowdfunding millions of USD in Ether. + +Companies can't dump 500k of Ether without seeing their funding collapse. They could withdraw over a long period, etc etc... + +Would that make everything more stable for ETH? +Would it make ETH someday a store of value? + +This ecosystem, if succesful, could become mainstream in crypto world. +What do you guys think? +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +As it be known, many tech companies saw 100x increase in the dot come bubble of the late 1990s. +Well sustained growth like this doesn't exist anywhere on the planet, so ultimately it had to crash and burn. Pets.com was one stock that saw great potential, but like a lot of dot com companies it crashed and never fully recovered. + +Another little known stock, Amazon, fortunately did have a lot going for it, and it did recover, albeit a full TEN YEARS later. + +Now this begs the question....? +Has the latest downturn marked the end of the crash or will we see it go further? + +Also, will it take 10 years for us to get back to the peak price glory days? +I've been in a constant state of burnout for 3-4 years, a constant cycle of work, go home, lay down, back to work, with no energy or motivation for anything else. + +On my weekends I usually sleep 90% of it away and just do something low effort like play on my PC (if I even have the energy for that)....sometimes I'll boot up the computer and just stare blankly at the screen for a few minutes, sigh, then go back and lie in my bed. + +I have an errand list that is constantly expanding, and I have little energy or motivation to keep up with it....outside of work all I want to do is lie down until the next shift, I need THAT much recovery time because I'm just feeling worn down by work, not only mentally but physically. + +I've taken 2 weeks off at a time and it was great while it lasted but not long after the burnout just sets right back in, and I've exhausted my vacation time. +I have two children which i have Thurs Fri Sat Sun since we split (11 months ago) No industry standard qualifications in my previous job, just 10 years experience that noone is interested in, after many many knockbacks I've realised i wont get back into what i have done previously, i have used the last lump sum i have (credit card) on taking and passing an hgv license, suffered with depression and anxiety for many years, 11 months ago i did not think i would still be here, here i am in the shit asking for advice, the ex left me with the kids in our home of which there would be 80k to split with the ex if i sold the house, i have roughly 30k of debt, my parents have said i could live in their house while i straighten myself out if i sell the house which seems like the sensible option? if i could get past my pride, or should i try to survive in this house keeping my childrens family home? I'm 40 the thought of moving back into parents home is not easy (moved out at 16) but the thought of debt free is nice, been under immense stress for the last year, what would you do? Any advice or opinions would be much appreciated. + +Edit: Thanks for all the good advice really appreciate all your responses. + +Edit no 2: So many great replies, its brilliant to read peoples unbiased unemotional responses and advice as my thought processes have been emotionally loaded these past 11 months, good to read clearer perspectives, very helpful, thanks again. +Hi, + +I'm looking to add some scalping into my trading toolbox & would love to know why you scalp a certain index and why. + +Here are the ones I'm most interested in. + +1. S&P 500 - ES: The most liquid futures index. Not too volatile. Leads all markets. +2. Nasdaq - NQ: Very liquid. Extremely spikey. Follows the S&P. +3. DAX - FDAX: Quite liquid. Trends extremely hard. Highly correlated to US markets, especially the NQ due to a high weighting of tech. +4. Russel 2000 - RTY: Low liquidity, particularly for micros. Trends hard/not too choppy. +5. DOW Jones - YM: Good liquidity. Highly correlated to commodities. +6. FTSE 100 - Z: Decent liquidity. Not as dominated by tech so less volatile than DAX, NQ & ES. + +Look forward to hearing everyone's opinions & views. Maybe you could even share some strategies? I know scalping isn't for everyone, so try and keep this on topic. Yes, I will be sticking to micros & paper trading until I develop some consistency. + +Thanks. +So lately when I travel, I go to coinmap.org to find which places accept bitcoin in the area. A restaurant, a hotel, etc. Right now I'm staying at The D hotel and casino and downtown Las Vegas, where bitcoin was popular (I thought) + +I checked in last night and I asked the teller how often he sees people pay with bitcoin, "I've been working here for 1.5 years and you're the first". Las Vegas is supposed to be a hot spot for bitcoin, yet nobody is spending it. + +This has happened the last 4 or 5 times I've spent bitcoin; the merchant tells me that I'm the first person to use bitcoin at their store. This is worrisome for the long-term outlook for bitcoin. I mean, there's all this hype in the media and online about bitcoin, but apparently nobody is using it in the real world. Speculation can only last for so long. +Not my own research but whatever. + +QPM currently has an MC of only $32M. Share price $0.041. Their project NPV is projected to be worth $1 - 1.5 Billion+, with growing Nickel prices. + +So as some people know, QPM have an offtake agreement with LG for 10,000T Nickel and 1000T Cobalt (worth $300M). + +They also have an offtake agreement with Samsung for 6000T of Nickel. + +Anyways. LG is currently working on a new battery called NCMA. This new battery will be used by GM and for Tesla in the Shanghai Gigafactory. This battery is 90% Nickel and 5% Cobalt which matches the offtake they are getting from QPM. It is also projected to be the gold standard for EV batteries. + +Samsung is also building batteries for Ford and BMW. + +So QPM will be effectively supplying Nickel and Cobalt to GM, Tesla, Ford and BMW. + +https://electrek.co/2020/12/17/tesla-lg-chem-closer-reports-new-nickel-battery-supply-deal/ +I'm currently enjoying the dizzying growth of HZR and am looking for more stock to throw my cash at. I've gone in on IPL as they can make ammonia and FMG as an iron ore producer looking at hydrogen as a fuel source. Are there any other hydrogen rich stocks I should be looking at? + + +&#x200B; + +Andrew Forrest is going all in on Hydrogen + +[https://www.abc.net.au/news/2021-01-22/boyer-lecture-andrew-twiggy-forrest-green-hydrogen-climate/13077070](https://www.abc.net.au/news/2021-01-22/boyer-lecture-andrew-twiggy-forrest-green-hydrogen-climate/13077070) + +&#x200B; + +Queensland is going all in on Hydrogen + +[https://www.abc.net.au/news/2020-11-14/why-has-palaszczuk-created-a-department-of-hydrogen/12877426](https://www.abc.net.au/news/2020-11-14/why-has-palaszczuk-created-a-department-of-hydrogen/12877426) +***Overview***  + +I believe the Australian coal industry is currently very undervalued in **the short term** due to the prevailing investor sentiment regarding the long-term headwinds facing the industry. As a result, large funds are not buying coal mining companies due to ESG concerns despite near record thermal coal prices.   + +Whitehaven Coal (WHC) is a prime example of this phenomenon.   + +I believe WHC is currently trading at a discount relative to its expected book value at the end of CY 2021 and at a FY 22 P/E ratio of 2.1 to 4.1.   + +***Book Value***  + +WHC is currently trading at \~$2.90 with a market cap of \~$2.9B.   + +WHC’s book value at the end of FY21 was $2.7B. + +In their September-21 quarterly report, WHC announced that they would pay down their entire $800M debt facility early in CY22 and be in a net cash position by March. This would increase their book value to \~$3.5B.   + +[https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02435372-2A1330843?access\_token=83ff96335c2d45a094df02a206a39ff4](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02435372-2A1330843?access_token=83ff96335c2d45a094df02a206a39ff4) + +***FY22 Earnings***  + +WHC’s realised prices for its coal sales typically lag the NEWC price index by 2-3 months. WHC’s average realised price in FY21 $95/t (AUD). In the first quarter of FY22 their average realised price has been \~$190/t (AUD), which approximates the Jul-21 NEWC index of \~$200/t (AUD). + +Thermal coal prices have continued to rise, with the NEWC index reaching \~$250/t (AUD). If the trend of WHC’s realised price trailing the NEWC index by 2-3 months continues, this means their realised price for the second quarter of FY22 will be even higher than Q1. This seems to agree with WHC’s statement that they will have sufficient surplus cash to pay down their $800M debt facility in early 2022.   + +Based on their FY22 guidance that was released with the FY21 results, I estimate WHC’s total costs (incl. operating costs, D&A and capital) at around $1.5B. With the coal price assumptions above, WHC may have generate revenues in H1 FY22 that exceed their total annual costs.   + +Running a few different coal price sensitivities for Q3/Q4 (price maintained, 20% reduction or 50% reduction) I estimate WHC’s revenue for FY22 to range from $2.5B (assuming realised price of $120/t AUD for Q3/Q4) to $3.4B (assuming realised price of $240/t AUD for Q3/Q4). This would generate earnings per share of 70c to $1.30 or a P/E ratio of 4.1 to 2.1.   +TLDR: CCE - wave energy company that went to shit \~2 years ago somehow managing to hang on is randomly being pumped by investors in Germany. + +Bit of back story for those who haven't heard of this shit show + +About 4 years ago I bought into Carnegie Clean Energy (then Carnegie wave Energy) a company that is developing wave energy harvesting tech (among some other things) because UnLImiteD WaVe POWer and RenewABaLE ENgery. Anyway turns out the company had been [severely mismanaged](https://www.abc.net.au/news/2018-09-22/power-company-carnegie-energy-hit-by-wave-of-discontent/10289772), having spend \~20 years trying to develop their tech surviving off shareholders (currently over 12b outstanding shares with a $23M MC) and government grants, they also bought and then sold a stake in solar microgrid company, Energy Made Clean (EMC), at a 75% loss. Anyway long story short they went into voluntary administration after the WA government cancelled a [$16m contract to build a wave energy farm](https://www.abc.net.au/news/2019-03-15/carnegie-clean-energy-enters-voluntary-administration/10904644) after they failed to meet requirements. After ~~kicking out their shit-for-brains CEO~~ [their CEO left](https://www.abc.net.au/news/2018-09-28/carnegie-clean-energy-ceo-michael-ottaviano-resigns/10317742) the company managed to make it out of admin [after raising enough money](https://mobile.abc.net.au/news/2019-08-29/carnegie-clean-energy-capital-raising-to-avoid-liquidation/11460640?pfmredir=sm) and have been on life-support since. + +So since then they've haven't done much (though they have kept shareholders up to date with that) except get a few small grants to work on "wave simulators" and [Reinforcement Learning based controllers with HP](https://stockhead.com.au/energy/carnegie-teams-up-with-hp-to-give-its-wave-energy-tech-an-ai-touch/), with the share price down to $0.001 + +So hopefully that gives you an idea of the story, company almost liquidated, barely hanging on (I've been holding this whole time "can't lose money if you never sell" except if the company goes under). So this brings us to \~a month ago when there starts to be some movement in the price and an increase in volume after nothing for about 2 years, maybe people like the new direction? maybe they like the new CEO? anyway volume and price has kept increasing for no real reason (price up 200%). + +Didn't make much sense until a user on the [CCE hotcopper forum mentioned](https://hotcopper.com.au/threads/recent-volume.5873054/) that they were from Germany and that EU investors had been interested in the company (seemingly oblivious of the companies history) posting [this](https://www.wallstreet-online.de/diskussion/1254259-1-10/carnegie-clean-energy) German market forum, you'll have to translate comments individually because google translate won't fucking work on it, but oh man it's something to read, they're doing less DD then us with just beauties' as "Can actually only go up. Definitely worth a little gamble. " + +I even had a look at google trends for ["Carnegie Clean Energy"](https://trends.google.com/trends/explore?q=%2Fm%2F0cqh932) and yep it's been massively trending in Austria/Germany with "carnegie clean energy aktie" being a related query (aktie = share in German) that's also increased recently. + +So seems like the share price is being pumped from overseas, potential to moon at anytime?!?!? No idea but if you've ever wanted to own 1 million shares in a company now's your time. + +to close, don't listen to me I have no idea what i'm doing, i've stupidly held through this whole ordeal and the company is probably going under. +Holy fuck I bought this dog shit at like 16c - fuck my life.... Lucky _pixelRage owes me 500 bucks. + +Is this dumb stock ever coming back? Or am i gonna die bag holding. +[This chart](http://static4.businessinsider.com/image/56cd9d646e97c61d008b9408-800-600/screen%20shot%202016-02-24%20at%207.05.40%20am.png), which comes from the Economic Report of the President, shows the sad state of global growth and perennially disappointed IMF forecasts. + +And while the failure of these forecasts for one or two years out is notable, it might be most depressing to see the IMF's 2011 forecast for 2016 gross-domestic-product growth of 5% miss the mark so widely. What could've been! +I'm from the Netherlands and last summer I figured we've had such a long time of prosperity, that it's only logical that the next crisis must be around the corner. So I bought some put-options with a two year expiry on the AEX index. This Corona situation is obviously not what I hoped for and it seems horrible to be profiting from all these dying people, but here I am with a 400% profit on my initial investment. + +Recently some European countries (Italy, Spain) have put a ban on Short Selling, and as far as I know, buying put-options is a form of short selling. It hasn't been banned in the Netherlands yet, but I now wonder what a "ban" would mean for my situation. Would it mean I can't sell the option contract anymore and I can only execute it at the expiry time? Or would it mean that the whole thing would become worthless? Or would it mean yet something else? +Married with a mortage of 400K at 2.84%. House is worth 600K. Has around 50K savings sitting in offset account. + +Question: Given the returns of some of well established ETFs (for ex: VAS or VGS) of more than 10% consistently over last 5 years. Does it make sense to borrow off the house - around 100K and invest saving + 100K(total of 150K) in an ETF for around 10 years, plus add 3,000 every month to it. And re-invest the dividend returns back into ETF? Thank you + +(Asking this question for my cousin who lives in Sydney and has managed to lose a lot of money trading in options and finally "accepted" he needs to think longer term. ) +Hello everyone! This is my first time actually making a post and I had been struggling with a job search for a few months and has quite a few mental breakdowns because of my husband's recent hospital bills and being behind on bills because we were both out of a job for some time. I recently tried going through a temp agency for a manufacturing position and got the job! Now to work hard and try for a permanent position down the road! Like many of you its been a struggle recently and especially because of what my husband is going through! But we are also applying and trying to receive some help on that and things are really starting to look up! I just wanted to thank everyone for sharing their stories and understanding each other's frustration. I recommend definitely giving some temp agencies a chance if you're able to! +Have you ever seen coins that are being or have been shilled nonstop? *Ehem* ERG ALGO LRC + +Everyone always say DO YOUR OWN RESEARCH, but we all know that there are times when we are too lazy to do this tedious part of investment and we're like *ahh fuck it, what could possibly go wrong* and just put in money. + +So which projects or coins have you bought without doing prior research and just went in head first? Was it successful? Did it fail horribly? How were you convinced to buy it just because? Was it the sheer volume of the people shilling? Did you read something informative that enticed you to buy it? + +Edit: ok that's a lot of people + Hello beautiful apes! + +Are ya'll tired of FUD running rampant? + +Sick of the shill campaigns brigading the sub to knock unsuspecting apes off their individually researched course? + +Have you ever looked at a comment or a post or a tweet and thought to yourself: + +*"I can't quite put my finger on why... but that person's a shill... definitely...maybe.. I think... hmm... better comment for wrinkles just in case..."?* + +&#x200B; + +[Whoa that's a lot of words for a meme lol](https://preview.redd.it/qevlka6tzad81.png?width=977&format=png&auto=webp&s=91d54d1571e9843b73f51245f8d56d499aa7da24) + +&#x200B; + +This last year has taken a toll on the mind. Not only do you have to deal with unscrupulous immoral and illegal savagery during market hours, you have to wonder if everyone you meet is a shill. + +Fortunately these shills are not immortal beings from a galaxy far far away, but mere humans who employ a system they've adopted. A system which I'm going to do my best to attempt to explain and demystify for the betterment of our humble community. + +I like Harry Potter, this is basically Defense Against the Dark Arts, and the term "Dark Apes" just jumped out at me. I hope that term doesn't offend anyone. I hesitated using it. I'm not saying that any *apes* are shills. I'm saying shills learned to *become* apes. And it's helpful to look at it from this perspective so you can grasp the rest of the concepts they employ. + +They've evolved. They learned the ways of the ape and essentially built a nefarious copy cat model. + +They can now speak the ape language and a lot of FUD is getting through undetected because apes are on the lookout for only the most obvious shills. + +Ape sees something that resembles what a fellow ape would post, ape say "seems legit" and allows it through the barrier of "New" to the road of "Rising" all the way to the mountain peak of "Hot". + +Shills are now able to be apes in disguise using dark arts. + +Hence, Dark Apes. + +And since there's so many of them, it would be impossible to keep a list of "who's a shill" in mind. I'd imagine there to be multiple groups of them formed in teams, competing against each other for rewards and bonuses on the amount of FUD they spread. + +However the shill social structure may actually be formed, if you're a shill tasked with a job of spreading FUD and targeting individual apes who appear vulnerable to a shift in opinion, you're going to need a system in place so that you don't waste time spreading FUD to one of your shill brethren by accident lol + +They do it by recognizing language patterns and the narrative they're paid to spin. If you're saying something against the agenda, you're a target. Especially if you just "like the stock". + +Most apes simply like the stock and can't read. So that's a major factor as to why SHF are failing in their attempts to brigade the overall sentiment. + +You can't trick someone who can't read. You can't get someone to sell something that they really like. + +You can't rationalize an investment strategy to someone who has no investment strategy lmao + +But for the wrinkled apes, the ones who can read and actually do their own due diligence, on a hunt to find legitimate information in a crowded sea of FUD, it can be very mentally exhausting sorting through all the bullshit. + +Being weary of everything you read, and spending mental resources on something that shouldn't even be a thought. + +"Is this truth or fiction?" + +Because they all use the same tactics, once you fully understand what they're doing and how they're doing it, you'll start to see the pattern everywhere. And so their campaigns will be less effective. And you will be able to discern who's a real ape and who's a shill the same way they do. + +What I'm about to expose is high level advanced mind control shit which has very convoluted and technical jargon. + +Just stumbling on the rabbit hole itself is hard enough, let alone understanding the mechanics contained within. + +This is by design. + +When creating this shit, it was overly complexified so that the average individual considers it to be mundane. A safeguard in place so the masses won't wake up to it, and so that those who traverse this heavily obfuscated path can continue to use it freely, with the rest of the world being none the wiser. + +In other words... The secret to manipulating people is kept behind a pay wall of mental fortitude. + +The system is called "[Neuro-Linguistic Programming](https://en.wikipedia.org/wiki/Methods_of_neuro-linguistic_programming)" or NLP for short. *(Side note, a recently developed form of Machine Learning was called Natural Language Processing to further obfuscate this information in search results for NLP)* + +Contained within this system of NLP are methods and techniques. + +Some of the methods are: + +1. Internal 'maps' of the world +2. Modeling +3. Representational systems +4. Meta-programs +5. Anchoring +6. Future pacing +7. Swish +8. Reframing +9. Well-formed outcome +10. VK/D +11. Metaphor +12. State management +13. Covert hypnosis + +You pay for the information with years of persistent studying of these words and techniques that seem alien at first. And as you level up and allow your brain to build a codex of bullshit phrases that describe actually very simple concepts, with practice, you begin to understand. + +**Well fuck that.** + +I'm here to Ape-ify the shillspeak and expose their strategies to the world in a clear, easy to follow manner. I will do my best to make this so simple that even a 5 year old with a learning disability *(my younger self)* could understand it. + +Although that doesn't mean digesting the information will be easy. It's a near impossible task to distill a decade of research into one post. + +I've worked on this post for 6 months. And that's why it's taken this long to produce it. + +Carefully and meticulously crafting a paradigm shifting experience, and presenting it in such a way that is entertaining and thought provoking in hopes that it might enlighten and wrinkle all apes who take the time to experience it. + +I had to figure out the best way to do it so that all it takes is one or two read throughs to skip 10 years of study. The information contained within this post is the reason I've been able to call out all the shill bullshit from day one and why I have a 100% accurate track record on my predictions of their moves. + +Because I see right through them. And after reading this, so will you. + +The original version of this post was 3 posts long but automod deleted them for what ever reason so I had to redo it and tried to condense it into one post with no filler. + +*Be warned:* + +*This is going to fuck with your brain. It will be annoying at times. It will be confusing at times. You'll likely have to go back and re-read multiple paragraphs to get the point. There are twists and turns that would make M. Knight Shyamalan foam at the mouth.* + +*And by the end of it, if you stick with it, and I've done my job right, you will be armed with a real Defense Against the Dark Apes.* + +*-----------------------------------------------------------* + +**Congratulations dear Ape!** + +You've stumbled upon the greatest threat to the Dark Ape shill agenda: + +[ This meme is shill tactics in disguise. Don't see it yet? Fear not dear ape! I shall explain later.](https://preview.redd.it/ijqs0w8wzad81.png?width=1277&format=png&auto=webp&s=639f033689ead6a6f3a8b362fa85e58d0af01ee2) + +&#x200B; + +This meme is shill tactics in disguise. Don't see it yet? Fear not dear ape! I shall explain later. + +Ohhh you thought that was just fun intro with memes to set the mood? + +Nah, we getting right into this shit with the first lesson: + +**Shill tactic numero uno:** + +***MEMES and relatability.*** + +Shills use memes and relatability to sway opinions and plant ideas. + +\-------------------------------------- + +>**4th Wall Break:** *You probably read the word "opinions" and subconsciously thought it said "options" for a second.* +*Welcome to the world of using language patterns to disguise intentions.* +*Saying one thing that sounds similar to another thing so that you'll think of that other thing.* + +\-------------------------------------- + +Everything I've said in this post, up until this first lesson, was shill tactics in disguise. + +Firstly, I asked you some questions at the beginning of the post to spark an emotional response. Then I hammered that emotional response with a meme that could be used to **anchor** it. Then I took you on a trip down memory lane. + +I built up tension. + +Formed an alliance by describing a common enemy. + +Reframed that enemy with a buzz word. + +Made you feel empowered by pulling back the Wizard's curtain to show they're only humans using a system. + +Established authority because *"I know that system".* + +And released the tension in a symphony of words that reads at first skim like a brand new God tier DD. + +All promising a conclusion. A reward for reading further. I demonstrated relatability with something you're emotionally triggered by, lowered your defenses and fed you new information that was likely foreign to you, yet very familiar intuitively. + +Your first reaction is to scroll down. You see so many words. You are pleased. Many will upvote and comment for visibility or post a reminder so they can read it later while taking a shit lmao many will later read this on the toilet laughing like a crazy person. And many will award without even reading **this** part predicting it. + +If you ever found yourself wondering *"Why the fuck does this post have so many awards and people didn't even read it yet"* + +Well this is why. + +Because hype. Because long post. Because memes. Because emotional trigger at the beginning. Because the tiny portion of information you received from the initial scroll down seemed legit. + +This is how Dark Apes can use your hype against you. And have been for a while. Writing long ass posts with verifiable information and funny memes to **anchor** authority and relatability to their username and then slip in a few minor FUD things that will go consciously unnoticed, yet subconsciously internalized. + +The reason you upvote and comment for visibility is so that once it gains traction, the wrinkled apes can dissect it and call it out as bullshit, or praise it as mana from heaven. + +Except the Dark Apes know their posts are bullshit. They don't care if it gets attacked, they just want it on the front page and inside your cranium. At that point their bots can do the fighting for them. And many of the so called wrinkles you're flagging down for help, are sleeper agents in disguise. + +So next time you see someone post, **consider reading the whole thing** before upvoting. + +\-------------------------------------- + +***(Side note: Anchoring means attaching. Like a ship throwing down an anchor to stay still. Anchoring is a metaphor for attaching feelings, words or ideas to a single object. The brain naturally anchors things every day. The smell of a hot cup of coffee reminds you of happiness. That's an anchor. Companies use this to brand their..*** + +*(SUPER META SIDE NOTE: And guess what, I'm tricking you again. What I'm doing right now with this side note is called a* [*pattern interrupt*](https://nlp-mentor.com/pattern-interrupt/)*. And THIS super meta side note is a* ***nested*** *pattern interrupt. Layering so many metas, your brain struggles to process them all at once.* + +*I interrupted your thought process before you could complete the original thought and painted a picture in your mind of a ship anchoring at a dock and the smell of a hot cup of coffee.* + +*Priming your subconscious for programming. Your brain doesn't have time to wonder if what I've said prior to this side note is true.* + +*For example, I have absolutely no idea whether or not Natural Language Processing was named NLP to obfuscate search results. I made it up. But because I did it in a side note with all the other shit, you likely shrugged it off and thought "Ohh shit! Seems like something they would do!" taking it as fact lol* + +*Even if you are in the Machine Learning field and thought that was stupid, it opened up the question "Wait.. really? No way..". And the only goal to FUD is to make you question. To make you say "Hmm...maybe...".* + +*If you find yourself initially reacting negatively to something but then saying "Hmm.. maybe.." That means a Dark Ape has done their job.* + +*And as you're distracted thinking about a boat or what ever bullshit visual pictures I'm painting, you take what I said as fact and continue reading without realizing you've been hypnotized.* + +*Further interrupting your train of thought by layering or "nesting" multiple side notes and stories together.* + +*Effectively "Open Looping" you. I give you a bit of information, and divert your attention to another thing and another thing and on and on and your brain NEEDS closure on all these things so it reads more to find out the conclusion.* + +*That's why you see so many videos marketing a product or service telling a story and then saying "I'll get to the answer to that question in a minute. BUT first......." That's an open loop.)* + +**..products in your mind when you think of a product or service. Band-Aid for example. People just call all bandages "Band-aids" even if they're not created by that company.** + +**This sort of branding is used everywhere. And many people probably went up to read the bold text at the top to remember what this bold text at the bottom was saying because I fed you so much information it was hard to keep up.** + +**And by the time you reach the next paragraph, you'll probably have to do the same thing to keep up with the main story. And for those who** ***haven't*** **struggled to keep up, this bit explaining it diverts your attention further by filling up your mental ram with more things you need to conceptualize at one time.** + +**Congrats fucker, you got** [open looped](https://www.mindtools.co.th/personal-development/nlp-nested-loops/)**.*****)*** + +\-------------------------------------- + +>*(****4th wall break****: Take this moment to shake off the stress. If you read through that whole thing up to now, you likely gained a few wrinkles and are disoriented. It's okay to be like "holy shit", stare at the wall for a moment, maybe re-read up a bit to catch your bearings and continue reading the main story.* +*We have a long journey ahead.* + +\-------------------------------------- + +**Main story continued:** Meticulously breaking down the beginning of this post. + +I used the Fry sus meme. + +A well known meme that conveys "sus" by considering two choices. + +"Not sure if **this** or **that**." + +And I modified the structure of the meme from simple text to a long drawn out message and kept the text right under Fry's eye level. Which is sort of suffocating him in world-wind of thought, yet still keeping that "sus" squinty eye motif. + +It disrupts your senses because you're not used to so many words on that meme and so it puts your brain into focus mode. + +Narrowing your focus to be able to read every word. + +As you continue reading, you find that it accurately describes a year's worth of research + a year's worth of FUD into one meme. + +The text underneath it says *"Whoa that's a lot of words for a meme"* and it's probably what you were thinking so you laugh or roll your eyes not realizing that I trapped you into a thought box. + +It interrupts the pattern you were building saying *"What the fuck, why so many words"* and destresses you by saying *"hey I know, don't worry lol".* + +And that creates relatability. + +The wall of text gets spammed into your brain, which has been trained to filter out FUD and bullshit. + +It's essentially a DOS attack on the brain. + +Usually you're more careful when you read things so as to not fall for an opinion trap. + +But all these things being thrown at you, the visual, the amount of information, the trip down memory lane, the annoyance of how many words were used, and then the final emotional rug pull that said *"I knew what you were thinking"* makes it so hard for your brain to filter anything out. + +So you end up internalizing every word and without realizing it, forming an opinion the next time you encounter a similar scenario. Which influences your thoughts and actions and lowers your guard. + +If I didn't explain it so in depth, you might have walked away from this post with your guard lowered just a tiny bit. + +Thinking *"Oh maybe that guy who posted that thing on Twitter isn't actually a shill, he's just an idiot. Let me educate him because he's just a misinformed ape" So you'll sit there hashing it out with him going back and forth typing....* + +\------------------------ + +*(Side note:* + +*Again I forced your brain to do something I wanted it to do. I conjured up a scenario for your brain to play out like a movie. A memory maybe or a vision of the future* ***you***, scrolling on Twitter and reacting to a shill post. + +***Be very fucking conscious of your state of mind*** *when you notice yourself reading something and simultaneously getting visions and pictures drawn up. It's a trap.)* + +*(Other side note:* + +*The previous side note caused you to have a meta experience.* + +*Your brain may have shown you a vision of yourself getting visions while reading lmao* + +*AND if it didn't, this side note forces you to remember a time that you did. It's called a* [*Hypnotic Suggestion*](https://hypnotc.com/ericksonian-language-patterns-indirect-hypnotic-suggestions/)*.* + +*If I say "****Don't think of a green triangle****", your brain has to* ***first*** *think of a green triangle to* ***not*** *think of a green triangle. It wasn't thinking of it before I said it. But now it is.* + +*Look you're thinking of a* ***Dorito***. + +*Now* ***the chart***. + +*Now you're* ***eating a Dorito while looking at the chart.*** + +*You can't help but envision it as you read it.* + +[lmao](https://preview.redd.it/iqr5rhm10bd81.jpg?width=1000&format=pjpg&auto=webp&s=3cc57e53d9f81df1a68f43f1b18269e7b1f6bf63) + +&#x200B; + +*The brain is a computer. Every word you read is a fucking command. Your senses are input terminals. This is well known and studied and documented. It's everywhere. It's in political speeches. It's in song lyrics. It's in movies and TV shows. Advertising agencies use it to.... SEEE THERE I GO AGAIN DISTRACTING YOU.* ***BE ON GUARD!!)*** + +\------------------------ + +>***4th wall break***: Did you notice a strange build up and then subtle release of tension after that rollercoaster of side notes? Did you notice how the meme lowered the tension a bit? +*It's within that tension and release that grabs ahold of your subconscious and implants suggestions and ideas. Recognize when you're feeling tension while reading and wonder what's happening during the release.* +Okay back to the main story. + +\------------------------ + +And then instead of ignoring the shill like you normally would, you would enter into banter mode and exchange words and hear him out and take his FUD for genuine curiosity. + +It is this banter which opens the door for them to plant more ideas into your mind without you realizing it. *(Whoa, meta meta meta)* + +Congrats punk, you got played. And have been getting played this whole time by the pool of memes you've been mindlessly scrolling while taking a shit lmao **BE ON GUARD!!!** + +Because of this principle: + +**Advertising without advertising is still advertising.** + +**Mentioning something without mentioning it is still mentioning it.** + +**Posting a DRS screenshot with some stonk other than GME is most likely an example of this tactic.** + +**Saying "I'm an XYZ ape, but I wish you GME apes luck!!!" is still advertising XYZ stonk.** + +There are countless examples of it but I'm sure your mind is already filling in the blanks as the wrinkles are now starting to form in crevice's you didn't know existed xD + +If you've been paying attention, you can begin to see things in a new light and bullshit will now easily and effortlessly jump out at you when you see it. + +Realizing that the real battle is for your SUBCONSCIOUS not your conscious. + +You have a conscious mind and a subconscious mind. Think of your conscious mind as the filtered version of your subconscious. That bitch sees EVERYTHING. But it can't focus on everything at once. + +So it filters things out that it feels is important. + +Everything else that it isn't able to filter out gets internalized and sorted later. + +If I can distract your conscious mind, I can plant shit into your subconscious which subtly alters your behavior. + +It's like sleight of hand but with your brain's storage system. + +\------------------------ + +Now I promised to explain why this meme was FUD in disguise + +&#x200B; + +https://preview.redd.it/1rvwubw50bd81.png?width=1277&format=png&auto=webp&s=f8554949a356d8733dd0c330616ae2ee5f5b2eaf + +On the surface this appears to be a harmless joke/meme. + +But this meme was created using a dark art tactic. + +The fake bat ears I photoshopped onto Tai Lopez is called **branding**. + +It's a tool to help you remember my username and establish trust. + +It's a *meta*\-metaphor because Tai Lopez used shill tactics in that video to casually just say *"Here in my garage"* while showing he doesn't care about a Lamborghini. + +He used literally the same tactic I'm describing with the meme....IN the meme..... To sell a course. + +For my tactic though, you look at the Computershared Lambo and get all hyped while anchoring a subtle subtext of "Thabat" next to something that triggers an emotional response in your brain. + +But in reality, I could use a bunch of bots to spam photoshopped bat ears or some **other** **cute cartoon animal** onto memes, along with ***quotes of things I've said*** to brand myself as an authority. + +A master shill already did this. And if I did my job properly, that **cute fluffy animal** should pop up in your mind without me even saying who. And it's just now dawning on you and you're like *"Ohh shit wow that makes sense"*. + +That's another tactic they employ. It's powerful. Explaining something in such a way that evokes a picture in your mind but not actually saying it. Or if they do say something, they'll hint towards an idea then back off of it. + +And if you've been following along so far, you'd probably realize that just by mentioning something casually and reasonably backing off of it, I'm planting the idea in your mind. And that gives me leeway if someone calls me out on it. + +**Someone calling me out:** *"Hey you were saying this or that"* + +***Me:*** *"No, I backed off of it. I didn't say this or that. I just brought it up casually and it's not my actual opinion. I just want you to think of this or that".* + +Sort of like if someone mentions price is going to **spike** during a **certain week** and then talk about buying call options. + +BUT saying **not** to buy call options for that **certain week** that it's going to **spike**. + +Saying instead to buy longer call options for February. + +They *"backed off*" of the idea they wanted you to consider. And then they or their shill bros can come and say *"NOOO THATS NOT WHAT I / HE SAID. If you bought for that week like we hypnotized you to do, then you're an idiot!!!"*... **Yeah bullshit lmao** + +The way they all presented it got you to form your own conclusion to buy cheaper calls for that week. And then fucking rug pull like I predicted. + +Is **\*insert person I planted in your mind a minute ago\*** a Dark Ape? + +Who knows. I think so. Just based on what I've experienced. And I'm openly saying it. That's my opinion which I'm entitled to have. Not backing off of it. + +Whether he is or isn't doesn't matter. He actually might not be and I could just be paranoid. + +\------------------------ + +>***4th Wall Break:*** *See I* ***said*** *I'm not backing off of it but then backed off of it lmao it's a way to inject a strong opinion into your brain while also seeming reasonable so you don't question my intentions. It's bullshit. Saying one thing and doing another. And the shills do it constantly.* + +\------------------------ + +Do you see how easy it is to get you to wonder? + +To plant ideas under the radar and make you think *"questioning"* it was your idea? + +I could have just wrote that whole part without pointing out that it's already been done by someone and let your brain work it's way there by following the logic and applying it to another example. + +You'd eventually think "Oh wait what about that other guy.. Did *he* do that branding technique?" + +Or I could even just use fake accounts to comment and stir shit up like Bart Simpson at the Bank lmao + +[WHAT DO YOU MEAN THERE'S NO MONEY IN THE BANK!?? Dark Apes pose as Apes and say shit just to rile you up.](https://i.redd.it/p9f7of8i0bd81.gif) + +\------------------------ + +**Lesson 2:** + +**Hype Baiting** + +Any time you see someone hyping something up, it's baiting. Hyping dates, hyping ideas, hyping anything. Alluding to drama. + +**Drama = Controversy = Hype = Gets people talking** + +Cyberpunk 77 is the most infamous example. I was hyped for 2 years. I wanted that game more than anything in the world. They promised so much, I felt it was gonna be better than reality itself lmaooo + +&#x200B; + +[Random Cyberpunk meme just to fill the post out because most people only half read and will scroll down, see memes and post \\"Commenting for visibility\\" lmao.. shill tactic. Using meme hype against you.](https://preview.redd.it/xu5oab8l0bd81.jpg?width=1280&format=pjpg&auto=webp&s=942c09e212f38d772101b46ee97f70dd89c74227) + +Random Cyberpunk meme just to fill the post out because most people only half read and will scroll down, see memes and post "Commenting for visibility" lmao.. shill tactic. Using meme hype against you. + +And then an hour into it I'm like uhhhhh what the fuck is this. I finished the game just because I had so much hype, I had to finish it. But I still got a refund because it was terrible. The story was good BUT look how I'm distracting you again with another common relatable experience. + +You only hype something up if you feel pulling it out and laying it on the table isn't good enough as it is.) + +Any time I posted something that went viral, I didn't hype anything. + +I just whipped it out and said **"Here. Take it."** And it was good enough on it's own that it gained traction because people shared it. + +Beyoncé didn't advertise one of her albums and it still blew up because it was just fucking good on it's own. + +Ask yourself "*What is their real motive?*". + +Because anyone HYPING something has a rug pull in mind somewhere. + +Somehow. + +Why? + +BECAUSE YOU DON'T HAVE TO HYPE SOMETHING IF IT'S AMAZING. + +It'll speak for itself. I hyped this post on Twitter as an example so I could say it now. + +Hyping and pre-marketing things before release is a shill tactic. To create a buzz. To imply there's a time limit to something so you remember it. It's an anchoring technique + +EVEN FUCKING GAMESTOP.. That guy who calls himself SMRT hype baited us to buy merch with a tweet about the NFT without mentioning the NFT but knowing we all were hyped about it. He hype baited us. + +I trust Gamestop as a company just a tiny bit less because of that. + +And before you get all riled up... + +SHORTS HAVE NOT COVERED. 2+2 = 4. THEY MUST COVER. + +It's math. + +But that math has nothing to do with Gamestop using ape's hype to sell merch. + +Ryan Cohen's plan is to turn the company around using OUR FUCKING HYPE as the catalyst for the transformation. WITHOUT APE HYPE THERE IS NO TRANSFORMATION. + +Shorts are fucking us on the **stock** and Gamestop is fucking us on the **merch**. + +EVERYONE IS TRYING TO FUCK THE APES ONE WAY OR ANOTHER. ANDDDDD look how you're getting all riled up even though I said not to... All while I'm injecting FUD about Gamestop. + +That was a **pace** and a **lead** which is covered in the next lesson. Pacing and leading is giving you a few things you can agree with to soften something you might otherwise disagree with. + +You were either thinking 1 of 2 things while reading that: + +1. BLASPHEMY!!!! FUCK YOU!! I LOVE GAMESTOP. HYPE HYPE HYPE!!! I'm gonna comment on the post and call you out on that bullshit. +2. YEAH FUCK EVERYONE. APES ARE ON OUR OWN!! EVEN GAMESTOP IS AGAINST US!!!! + +Either way it would get you to comment about it because you're riled up. I hype baited you with that whole paragraph. Hype bait doesn't have to just be dates. I baited you to post an angry comment using your hype. + +That's whole thing was bullshit lmao I mean yeah some of it is true and reasonable to conclude because business is business and you'd expect a company to try to make sales and strike while the iron is hot. + +It's a GOOD thing. But it's the NARRATIVE I was painting just now that is FUD to make you sus of Gamestop overall. Shills DO THIS EVERY DAY. And we all fall for it in some shape or form. + +Why? **More comments = higher visibility.** That's all a shill wants. Engagement. + +Understand it when you see it. Control your fucking emotions. Think before you comment. + +If I were a part of a shill team of dark apes, I would have planned for every angry response and then wait for people to fall into the trap to stir more shit up so you'll keep arguing which increases comment count. The only comments I want to see in THIS post are fucking zen comments. + +Shills will do this shit to you constantly and gaslight you just to create traction on the post or a tweet. And good hearted apes will **defend** them and their **bullshit excuses** because they play on emotions. + +They make seemingly reasonable gaslit responses just to provoke you, and spread FUD so people will come to their aid. + +Yes. YOU might be enraged about something. Yes YOU might see it for the bullshit that it is. BUT continuing to engage someone who is dead set on gaslighting you will only allow them more room to gaslight OTHER people. + +You know you're right. But furthering the conversation gives other people a chance to consider the dark ape's point of view. Which means you're spreading FUD unintentionally by allowing them to debate you. + +Just say your piece and bounce. No back and forth. + +IF you understand what I'm trying to tell you, just be Zen. Don't argue with anyone. Because the shills are gonna be ALL OVER this post. I guarantee it. + +**Be on guard people.** + +\------------------------ + +**Lesson 3:** + +[Pacing and Leading](https://www.mindwhirl.com/marketing/marketing-psychology/how-to-persuade-anyone-using-pacing-and-leading/)**.** + +I'll just show a screenshot of a comment I made on a post a couple weeks ago for this one. It serves as the perfect example of this shit. + +https://preview.redd.it/8ifv55xn0bd81.png?width=1093&format=png&auto=webp&s=0383a197fe0cb5cadcf324200a3ba20d5e8530cb + +https://preview.redd.it/nfrnbx1p0bd81.png?width=1440&format=png&auto=webp&s=cacc4fb312aab3e880af7c539906bc38e4d87c1c + +&#x200B; + +\------------------------ + +**Lesson 4:** + +**Levels of The Dark Apes.** + +In my experience I have come across many levels of Dark Apes. + +This lesson is everything I've learned about them. + +**Type A: The Obvious shill.** + +This is your typical meltdowner. They're active in meltdown, they post shit purposefully to fuck with you. They're OBVIOUS in their attacks. Purposefully obvious. So that you get a baseline of what they want you to think a shill actually is. + +If this is the game of Chess, these are your sort of "Pawn" shills. + +Expendable, easily countered. Obviously a shill. Provoking you by saying shit like *"Shorts covered bro haha bag holder conspiracy theorist!"*. + +These exist to fuck with easily provoked apes. If you have $500 in DRS and that's basically your life savings and you've never done stocks before.. You, like all of us who first started this game, are prone to emotional attacks. + +I remember when I first started investing. I was just so naïve. I would paper hand so easily. + +These Type A, Obvious shills serve two purposes: To provoke the beginners into paper handing, and to show the wrinklier apes a baseline shill so you'll be blindsided by higher tiered shills. + +There aren't as many as there used to be of these types. Because we're in the endgame. And in the endgame, there's rarely any pawns. But there are still a few stragglers on the edge of the board. + +These are the ones who will gaslight you to no end. They exist to troll. Nothing more. + +\------------------------ + +**Type B: The (not so obvious) Journeyman Dark Ape.** + +This is the type of shill who will post memes and brigade Bart Simpson in the bank style. + +They relate to you. They agree with you on things that you agree with on a "core value" system. They exist to feel like "one of the apes". Someone you'd want to have a beer with. + +If you've ever seen The Truman Show.. They're this fucker right here: + +&#x200B; + +[But everything they say is a lie.](https://preview.redd.it/0zrppuaq0bd81.jpg?width=260&format=pjpg&auto=webp&s=025a4c26f15d33804fd8b70eef6c808a79d1e4ee) + +&#x200B; + +They will go along with you and befriend you. They might invite you into group chats. And LOL the day away. They'll say stupid shit. They MIGHT EVEN STICK A BANANA UP THEIR BUTT to prove how "Ape" they are. + +This is the brigadier. This is the one who seeps in unnoticed. This one will say 10 truths to slip in 1 lie. + +They might even actually be apes on the low. Holding for the inevitable MOASS. Double agents. + +But make no mistake. This is the most dangerous Dark Ape of them all. + +All other types exist to camouflage THIS type. + +They rarely make posts. If they do, it's to show DRS or to meme you into a false sense of security. + +No, this dark ape's agenda is comments. + +You check their comment history you'll see them agreeing with apes. You'll see them talking good about RC. You'll see them saying DRS is the way!! But... then you'll see them REASONABLY INJECTING BULLSHIT during a heated discussion. + +Hoping that their comment history will speak for them. Hoping you'll see 10 good wholesome ape comments and ignore the seemingly reasonable FUD questions they bring forth. + +These shills are VERY careful not to set off any alarms. If you fight them, they will eventually back down. They will not troll you. They will be "reasonable". They will say something and then back off of it. And go back into the shadows to shill another day. + +They will nit pick on small things autistically. Ignoring the bigger picture of what you're saying to get you to argue about tiny things. Semantics. That's to distract you from the actual point of what ever you're trying to say. + +I've noticed one thing about these shills. Their one weakness is calling them out when they use NLP tactics. + +I have literally called out dozens of these shills. Analyzing their comments, detailing what they're actually doing and then they delete their accounts. I laugh my ass off when it happens. + +They understand the Streisand effect. Calling attention to the bullshit just makes it a larger target. So they retreat instantly. When it happens on Twitter, they won't delete their account but will just stop responding lmao + +\------------------------ + +**Type C: The DD Influencer Dark Ape.** + +This is Criand or Gherk or possibly me for example. Someone who writes posts that shifts mass perspective. Anyone with a top 100 post of all time on SuperStonk can potentially be in this category. + +The DD Influencer Dark Ape is dangerous because they provide value and demonstrate a high caliber level of proficiency in the dark arts by the fact that they write so poetically to entrance you. + +Maybe this type of Dark Ape doesn't start out as a shill. Maybe they genuinely have good intentions in the beginning. BUT they gain so much attention that they become a target for hedgies to bribe or threaten. + +People look up to us. People tag us in comments for wrinkles. People want more of our brains. + +Well, that can be leveraged by hedge funds. If I were a shill, I could easily get people to paper hand. + +Maybe not the hardest diamond hand rock solid HODLers.. But I could get a large majority who are weak in their resolve. And so could Gherk, so could Criand. So could whoever. If they do it skillfully. Over a long period of time. Subtly spread FUD and mindfuck people to come to their own conclusion that this might take longer than they expected and rent is due now lol It's possible. + +>**4th Wall Break:** That last paragraph was designed to enrage you to comment *"NO ONE CAN GET ME TO SELL! I JUST LIKE THE STOCK!!! DIAMOND HANDSSSSSS"* lol.. Don't get hype baited. Recognize this shit when you see it. It's subtle but your brain is now beginning to see it. + +Watch the fuck out for these people. Even me. No hero worship. THIS INCLUDES DFV. + +YES even our beloved messiah. + +Imagine hedgies got to him by threatening his family somehow.. And he makes a post during a fake squeeze that he sold. DFV could make even me question my sanity lmao + +NO HERO WORSHIP. None. Think of respect as rent. + +Respect is due every time you post something. Not based on what you posted prior. But what the fuck are you CURRENTLY saying. No matter WHO it is. + +Remember this phrase: + +**"Go by the narrative, not the narrator."** + +I don't give a fuck WHO says something. How respected they are. Where they come from or what they've said in the past. Go by the **narrative**, not the **narrator**. + +If I, the **narrator,** suddenly start shifting the **narrative** to sell, or to say the shorts already covered, or that I won't DRS my shares, or that Ryan Cohen is evil lmao.. That means I was a shill all along. + +You look at WHAT THEY'RE ACTUALLY SAYING AND DOING. Not who's saying it. + +Look at the EFFECT of one's actions, not the words they say. + +Did they say something that leveled you up and exposed the truth, or did they say something that shrouded something in mystery, moved goal posts, switch up their words, said something then backed off of it, created a divide to distract and confuse you which ended up causing a chain of events that helps the hedgies? + +Overall, did they help the community or hurt it? Not by their words but by the **effects** of their words and actions. + +I'm hoping the EFFECT of THIS post will be people being more aware of their state of mind while reading and instantly and effortlessly spot bullshit when they see it. + +If what someone is saying doesn't line up with the narrative of truth, then the only other option is a lie. + +It doesn't matter how preposterous it seems. Doesn't matter if the scheme would have to be gigantic and so many other people would have to be "in on it" for it to be true. + +The most logical answer is the true answer. Magic doesn't exist. + +Example: If every scientist randomly came out to say that puppies are evil overlords from another planet, here to sell space drugs and make you feel cute emotions to distract you.. And debates are had to discuss how and why. And Neil DeGrasse Tyson, Bill Nye, Joe Rogan, whoever.. EVERYONE was saying it.. + +*"Jamie, pull that up for me"* + +*"Well yeah, it seems like the data suggests this has to be true."* + +*"That's wild stuff man. Fucking puppies man... shit... What do we do about it?"* + +*"Adopt cats I guess..."*. + +But you see through the bullshit.. And you know there's some other reason they're saying that. And you look into it yourself and find evidence that points to them being paid by a cat breeding corporation.. + +The most logical answer is that they're all in on it and trying to stop people from buying puppy shares and instead focus on cat adoptions. <------ *Adoptions is just "options" with extra letters. See what I did there?* + +*Also did you notice a mini movie run in your mind again while you imagined a fake scenario with Neil DeGrasse Tyson and Bill Nye on Joe Rogan's podcast?* + +*Did you imagine for a brief moment, all the stupid shit they would say?* ***BE ON GUARD AT ALL TIMES***! + +Go by the **narrative**, not the **narrator**. Social proof, clout, and authority does NOT equal truth. + +Truth is truth and lies are lies. Regardless of **who** or **how many** are saying **what**. + +The only things that matter are: + +1. **Shorts have not covered.** +2. **DRS BOOK is the way.** +3. **GME is the only stonk.** + +\------------------------ + +**Conclusion:** + +You now have The Defense Against The Dark Apes uploaded in your subconscious and hopefully FUD will just bounce off of you every time you see it. + +I hope this strengthens the community and helps more people have eyes to see and ears to hear. + +This isn't to divide, but to strengthen your mind with a skillset and a compass towards truth. + +If you liked this post please consider subscribing to my [YouTube](https://www.youtube.com/watch?v=dQw4w9WgXcQ). +If you are here asking what you should buy, how much you should allocate and to where, whether you should buy now or DCA over time, or if your post can be summated to “will this ticker(s) go up from here?”, then fuck off! + +Nobody knows anything. + +Pelosi bought $100 $RBLX LEAPs and the stock hit an all-time low last week. + +Burry’s $TSLA puts literally fucked him in front of his family. + +Ackman just took a fucking $400mil loss on $NFLX. + +Munger doubled down on $BABA and then sold half his position at a loss. + +If your post mentions the % off all time high, fuck off. + +If your post mentions the metaverse, fuck off. + +If you’re down on your investments and your post helps you feel good about bag holding, then fuck off! + +The market will probably crash any day. Or it will melt up for 2 more years. I don’t know and neither do you. + +Nobody knows anything. + +Edit: Fixed Ackman’s loss on $NFLX +I have a chronic fear and anxiety of wasting money. I started a new hobby recently, that I’ve wanted to get into for a long time. Long story short I ended up wasting $50 because I didn’t know any better. + +I make enough money nowadays for this not to be an issue. I could lose many times this amount of money I’d be totally OK. However, I am instead crying because I have such a terrible anxiety over having wasted money. + +It doesn’t stop there. I still try to budget buy groceries on a starvation budget, even though I don’t have to. I’m finally out of the hole, but all the bad stuff that happened to me while I was there is hard to leave behind. +This is an update to this topic: https://www.reddit.com/r/personalfinance/comments/86uhme/had_an_uninsured_minor_stroke_hospital_wants/ + +The hospital turned down my offer of $4,000. They want the full amount (which went up another $2,500 from my previous post). I do not qualify for any of their assistance programs. + +What's worse, I found out they are charging me $7,000 for MRI's that normally cost anyone else $1520. They refuse to give me the latter price. + +I genuinely 'want' to pay my bill (or a fair amount, rather). They say they will send to collections in 4 months. + +What are my options here? Can I just pay $100/month for the next 20 years or whatever? If I do that, can they still send to collections? Im really trying to avoid getting the credit hit. If it does get sent to collections, how much do you think they would pay for a $12,500 bill? Could I offer them the $4,000? + +Ugh. Hospital is Wooster Community Hospital located in Wooster, Ohio, for anyone wondering. +Basically everyone even the experts like Buffett are saying the market is overvalued. I just don’t know whether to remove my investments and wait for a crash then buy everything at a low price or keep investing in stocks because everything seems to be going up and I don’t want to miss an opportunity if keeps going up for the next few years. What are your thoughts? +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. +Is anyone here concerned regarding the SEC's comments on ETH having ever greater chances of becoming a security post merge? Or do we just swipe it under the rug as fomo? In my eyes it seems that the Howey test does indeed apply to PoS ETH, sadly enough. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Please don't gloat. I am interested in honest responses. Are you expecting long-term repercussions? Only if a hard-fork happens? Perhaps you misjudged the overall mood of the decision and its consequences? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I've been thinking lately about how the future will play out in terms of climate catastrophe, given that it *seems* more likely as each day passes. + +I mean, here I am slaving away at a job I couldn't give two shits about with the hope of living life 100% the way I want to... eventually. What if eventually never comes? + +What if, because of the effects of climate catastrophe on the stock market/society/money/whatever, we get to the point that it is no longer possible to be FI? + +While writing this out, I'm reminded that it's important to enjoy every day while we still have it. I guess this would be easier to do if I didn't want to escape work entirely. + +Does anyone else share concerns about this? +The Internal Revenue Service on Thursday unveiled the cost-of-living adjustments for pension plans and other retirement items for the 2019 tax year, including the first increase to the contribution limit for the Individual Retirement Arrangement in six years. The limit on annual contributions to an IRA has increased to $6,000 from $5,500 for the 2019 tax year, while the limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan is increased from $18,500 to $19,000. + +https://www.marketwatch.com/story/ira-contribution-limit-lifted-for-the-first-time-in-six-years-2018-11-01?mod=bnbh +My mum and dad are both 55, my dad was born here and has been working as a builder since he was 15, even after 30 years here my mum still can't speak fluent English and can barely read or write in her native language. We live in a nice three bed house that is valued at £340,000. My dad is currently earning around 80,000 (after tax!). The mortgage has been paid off. Because of money difficulties in the past, my mum has 0 in her private pension and my dad has nothing (but my dad will be eligible for the state pension when he turns 67 which is around £650 a month. + +&#x200B; + +Until around 6 years ago we were always desperately struggling, i believe my parents had to remortgage and nearly lost the house, we sometimes had to go to foodbanks and money was always really hard. In addition whilst the money my dad earns now is quite high, it's extremely hard physical work that most young 20 year olds can't do, he has chronic pain in his shoulders, elbows, knees and during the summer and spring months when he is the most busy, he'll sleep for around 4 hours a day. He can't continue like this or it'll kill him. + +Here's my retirement plan for them: + +My dad works for another 2/3 years saving up around £75,000- £100,000, and then buying a nice 1 bedroom apartment in the south of france where my mums family live (I've looked online and there are properties for that price in the area). And then renting out our current house which would give them around £1000 a month. + +&#x200B; + +Everytime I try to bring up the idea of renting out a house and living off that income my dad waves me off and I''m not sure why (i'm just a 20 year old with no financial experience). Could anyone think of better plan for them? + +&#x200B; +https://thehill.com/homenews/administration/595356-biden-announces-initial-sanctions-on-russia-over-troop-deployments-in + +President Biden said Tuesday that the U.S. would sanction Russian sovereign debt and Russian elites as well as their family members in response to Russia's deployment of troops to regions in eastern Ukraine. + +Biden also said that the U.S. would sanction Russian financial institutions, VEB and Russia's military bank. + +The announcement came a day after Russian President Vladimir Putin recognized the so-called Donetsk and Luhansk People's Republics as independent and thereafter ordered Russian troops into the Donbas region. + +On Tuesday, Russian lawmakers greenlit a request by Putin to use military force outside of Russia, a move that could pave the way for a broader Russian invasion of Ukraine. + +"He is setting up a rationale to take more territory by force, in my view," Biden said of Putin in remarks from the East Room. "This is the beginning of a Russian invasion of Ukraine." + +The president made clear that the sanctions were an initial response to Russian aggression and said his administration would impose further sanctions if Moscow engaged in a broader invasion of Ukraine. + +"If Russia goes further with this invasion, we stand prepared to go further as with sanctions," Biden said. +I have a single residence house in renting out and have been paying a property manager to manage it since I moved out of state for a while. I wanted to know when it's possible to fire a property manager and what steps I should take to properly manage the tenants myself. Thanks! +Do you have an absolute maximum age requirement for a home, where you wouldn’t consider the home if it’s any older ? + +I see some investors buying only >1980 built while others buying even 1900 houses. + +In either case, what’s your reasoning? + +Has your preference helped you in scaling your portfolio faster? (Since newer houses require higher capital) + +Did you regret buying older homes and changed your mind for future investments? +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). +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! +I'm currently renovating a triplex in Central Florida, and looking for some advice on installing/operating a coin-operated washer and dryer. The laundry "facility" (read: shack) would be built from scratch on the property, but I would need to track the electrical and water usage distinctly from the three units (each are metered separately). I think my only two options are to tie the electric and water to one unit and reduce their rent by $X/mo to offset the cost of the laundry machines running or to run a completely separate meter, which I assume will run me $500+. The W/D isn't for cash flow reasons, just a necessity in this market to keep rents above market. Any thoughts on how you might go about this would be appreciated. Anyone have experience with this type of install and operation? Thanks all. +TL;DR - House mad. Broken stuff. Spent a lot. Sad owner. Long time to recoup costs. + +Thought I'd share this pain with the group just so we remember that unexpected expenses can and will pop up at the least convenient time.. + +Anyways, I hit my year in my house and decided to buy another and rent it out. As we were packing up the house, it rained. We noticed water leaking through the ceiling right around the chimney. Damn, what is this.. The house is 70 years old. Ok, lets just re-flash and move on. Had two guys come and check it out. Said re-flashing MAY not solve the issue - so we decided to knock down the chimney and patch the roof completely - problem solved and $1,300 down. + +No we're in escrow for the new house and boxes are everywhere and we're done packing. Later that night we hear a weird noise coming from the front yard - we live in a nice wooded area so we're on septic and well water. We go out to investigate and discover that this pump this is broken and water is splashing out everywhere. We shut the main off. Have two dudes come look at it. Turns out its the septic pump that pumps black water to the leach field - $800 down to fix. + +We're now in our new house. Sweet we made it! + +Property managers didn't switch the power over in their name fast enough and we go maybe 5 days without power. Prospective tenants don't mind and we have 20 showings. We have one that's ready to sign and give us the deposit. Well, the cold came through and froze out water pipes running through the ceiling and when the power was turned back on.. you guessed it - water pipes broke damaging the ceiling, flooring and living area that had carpet - maybe 500 sq ft total. This happened right before the tenants go in for the final walk through.. the walk into a small pond upon opening the front door. + +Is this house cursed? It's probably mad because we left it.. idk. + +Now, we're losing money daily since we have to get this fixed. How much will it cost to repair? First guy said $2,700 for the ceiling and to repaint, but he doesn't install carpets. Second guy said $1,100 to fix the ceiling and will repaint. Well, since he was there doing that I had him paint the other room too - $1,800. The carpet was an easy kill - $900 for the carpet and for install. $2,700 total to fix the ceiling, repaint, paint the other room and re-install new carpet. + +Fast forward two weeks, house looks better than ever and insurance is giving us $3,900 for the water break. Quick math here.. insurance nearly covered all these expenses! We have new tenants in, we're in our new house - good to go... for now. + +Thought I'd share. + +Rental properties and passive income is still my main interest, BUT it does come with challenges. Be prepared, have savings ready to cover these unexpected expenses! It'll take me a few years to recover these costs through my tenants, but it comes with the territory! Good luck out there! + +Edit: forgot to mention my heat pump completely freezing over too. This was an $80 fix though, thank goodness! +Is it any good? Can I play it on my Mac? Has anybody actually made any money from playing it yet? Tempted to take the plunge but I just want to get some feedback from others really. + +Quite excited to see what becomes of this play-to-earn revolution. Not sure whether it’s for me though. I don’t even own a console or a PC, just here for the love of the stonk really. Too busy with work and kids for video games at the moment, which is a shame because I used to enjoy them. +I checked to see if there was a GameStop wallet app for Android even though I figured it hadn't dropped yet. When I saw there wasn't I figured I'd read some reviews on the regular app. I immediately noticed a pattern of long paragraph reviews all giving 1 stars, sometimes 2. This became even more true when I filtered by most recent. I left a review back in February giving my honest opinion and 5 star review. I love what they've done. If you get a chance, leave a review of what you think. I feel like your input might go a long way because this company's customer service is on point! +Hi folks, I recently went through this and thought I'd share my experience as others might find it useful. Especially as at 1.75% the amount we're paying the student loans company is better than any interest you'll get from a bank. (strangely the gov website says plan 1 loans are at 1.1% at the moment but the SLC website still says 1.75% on my account, anybodies guess) + +So if you're near the end of your loan then you'll get a letter (if you've kept your addresses up to date) advising that you can switch to direct debit rather than paying through PAYE. + +Direct Debit this has a couple of benefits. + +1. The Student Loans Company collect the money direct from you, rather than the PAYE system where they collect once a year from HMRC. This means that rather than only being able to give you an estimate of your balance (as they haven't gotten the HMRC payment unless you're calling in April), they can keep an accurate balance month on month. +2. When you finish the repayments you stop paying, with the PAYE option there are a lot of cases of folks overpaying for the year as payroll in your company don't know your student loans balance they just continue to collect the regular amount based on your income often until the end of the tax year. This means the student loans company end up owing you money and there are cases of it taking years for them to pay it back. + +So switching to direct debit seems like a great idea right? Well there are some downsides. + +1. If you lose your job you need to make sure to contact the SLC right away to cancel the DD, this will then revert you back to PAYE which of course you will only pay once you are earning above the threshold again. +2. The amount they wanted to collect via DD (which I couldn't modify) was actually higher than what I was paying through PAYE which seemed odd. Not an issue really as it was an extra £30 a month but seemed a bit silly. + +How does it work? Well this is how mine went but your mileage may vary. + +I called the SLC, provided my income and any payments that I had made in this tax year. They then quoted the direct debit value, asked if I wanted to proceed and read the usual DD guarantee wording. Interestingly they don't expect HMRC or payroll to be particularly efficient so as part of setting up a direct debit you actually end up with a 2+ month payment holiday to ensure you don't end up double paying so I'm now due to start paying from August (obviously during this payment holiday you're still accruing interest, and at the moment, at 1.75% that's higher than any of your savings accounts). I had 14 payments to make with a final payment being adjusted to just pay any outstanding amount. + +One important note: The direct debit option on the website is for supplementary payments not to switch your repayments to direct debit according to the person I spoke to. So be careful not to set that up thinking they'll cancel your PAYE payments. + +Oh and another thing you can go and make a supplementary payment at any time from your online account. + +As it happens I've decided to pump my savings into my student loan and clear it down once and for all as I'll pay more interest to the SLC than any of the banks will pay me to save it at the moment but I thought it would be worth sharing the above as some folks might find the above useful. More official info and how to get balance and details of your loan can be found here [https://www.gov.uk/repaying-your-student-loan](https://www.gov.uk/repaying-your-student-loan) +Post inspired by LOKI, which is a great show btw. + +Looking back, this whole Gamestop saga could have played out in SO many number of ways. The MOASS could have been started way before. The shorts could have covered in Jan or in the March run up. + +But no, we're sitting here trading sideways in 6 months after the Jan spike, with super low volume, but this is the best set up we can possibly hope for, and here's why. + +1. **These six months was a natural selection pressure for the most diamond handed of apes to be left as shareholders**. Back in January, everyone and their mom was hyped about Gamestop and bought in, but following the drop, a lot of people got out. Same story with the March spike and dip. Most of the paper hands were shaken off. Those who are impatient and were looking for a quick buck probably were satisfied with their gains of 3-4x, assuming they bought in around $40-$50 in Feb, and sold at $200-$300 when it peaked again. Who's left? Diamond hands who refused to sell at $350, and who refused to sell during the dips, even down to $120. Then add in 4 more months of basically nothing happening, those who don't have the character and the grit would have sold out of boredom, and all but the most hard core apes have left. Thus, MOASS is going to happen with only hard core apes holding multiple floats worth of shares. +2. With these kinds of apes left holding GME, they have been reading solid DD for the past few months. **We had time to educate ourselves and uncover and shine the light on the corruption on Wall Street.** I estimate 90% of GME holders now know the situation and at least have some idea about SHF tricks, MSM fud, GME fundamentals, and the reason for MOASS. **These apes have hardened their diamond hands with knowledge**, and being able to look back at all the dips and realizing that there IS a huge community of like minded apes who are also not selling and not fearful. Apes now trust other apes. There is no other stock out there with the vast vast majority of their shareholders as knowledgeable as us about the stock and the market. We are HODLING with many wrinkle brained apes (don't sell yourself short, you have infinitely more wrinkles than other investors out there). If this squoze in Jan, we would have been like "haha SHFs git rekt, GME GO BRRRR." and that's about it. But instead we had 6 months of doing research and DD and now we've uncovered the biggest rehypothecation ponzi scheme the world has even seen, recognized that the corruption goes all the way up to the DTC and the SEC, and I for one will never put my money in US exchanges after MOASS. Saved myself from heartache from future manipulations. +3. **These 6 months have given Papa Cohen ample time and money to turn the ship around, wave his magic CHWY wand, and start the Gamestop transformation revolution.** The more time passes, the stronger Gamestop becomes, the higher the value of the stock based on fundamentals alone. Ryan Cohen was able to speed run CHWY from nothing but a dream and some investor money to a $3.35 Billion dollar company in 6 years. Imagine how fast he can do with almost $2 billion in cash, a fucking top tier team, and a brand name that is already globally recognized? Ryan's aiming for a new speed run record! It's only a matter of a short time where GME is worth $350 on fundamentals alone, and I argue that it already is, but MSM refuses to recognize it, and thus your average dumb investor doesn't recognize it as well. We actually don't need any catalyst to MOASS, solid business fundamentals alone is enough to trigger MOASS. +4. **Hedge funds are digging their grave deeper and deeper everyday, and added more and more powder to the keg every day.** If they covered in Jan, yes, their short interest would have been \~140% or whatever it was supposed to be. Apes wouldn't have been able to hold past $1000, and it would have been over. But since that didn't happen, the SHFs had no choice but to keep doubling down and to keep naked shorting to control the price so MOASS isn't triggered. That just means they just increase the total number of shares they have to buy back every single day, which will make the MOASS that much bigger and violent when it happens. If short interest was at \~140% in January, how much would it be now, after 6 months of continuously shorting GME? +5. **Apes have 6 more months to increase their positions.** I personally started out with xx, but now after increasing my own position as well as getting my wife and my mom to join in, together we're XXX. I imagine that for many of us it's the same story. We've manage to double, triple, or even 5-10x our initial position. Not only that, new apes who have discovered us and read the DDs have also joined in. Proof is in our numbers for this sub. We used to be just like 100k when we first moved in here. Now we're at half a million. We've increased our buying power for GME due to so many of us regularly buying. That's why the OBV never dips, despite share offerings done twice now (though some could argue that it was SHFs who could have timed their FTD covers at that time to keep the price from spiking.) Now instead of just 100k of us being multimillionaires from this, now there is at least 500k of us. And together we hold probably at least 2x the number of shares in the float. Even if half of us paper hand at less than [gmefloor.com](https://gmefloor.com), the other half will keep holding, leading to our beautiful infinity pool +6. **DTC and friends had ample time to work together with Blackrock and long whales to rewrite / change the rules so they aren't hurt / can profit from this.** If this MOASS just suddenly happened, who knows what illegal shit the powers that be would have done to chop us at the knees and stop the MOASS from happening because they were caught off guard. But now that the DTC and friends had time to prepare for the MOASS with their many many filings, and now that Blackrock and their long friends has finished their set up to swallow their competition when MOASS hits, it's in the long whales best interest for MOASS to start and bankrupt our SHF losers like Citadel. We now have the long whales solidly on our side. +7. ***We got to see a dude shove a banana up his ass.*** + +Thus, rejoice and be glad MOASS is taking so long to occur. It will only happen once in the history of stock trading, and the more time passes, the more spectacular MOASS is going to be set up to be. + +I leave you with a verse from the Gospel of Gamestop: + +DFV 7:14 "I like the stock." +Hello, +I’m relatively new to trading and have had AGNC since December, does anyone no why it has dipped the last day? It’s been pretty consistent at going up and maybe dipping about 1/2 percent here and there. Just wondering why it dipped over 3%? +I have been going through some of the high yielding stocks for the objective of allocating a portion of capital for the purpose of income generation. + +I have reduced the list down to companies with the following characteristics: +1) Yield is above 5% after tax (7%+) +2) dividend is growing or largely stable +3) the company has paid dividends in 2020 +4) Valuation is reasonable + +I identified the following companies, listed in terms of their yield by ascending order. + +I added the industry of each, and the dividend characteristics. + +What are your thoughts. + +-EPD: Energy, dividend growth + +-BXMT: MREIT, stable dividend + +-ORCC: BDC, stable dividend + +-OHI: Health care REIT, currently stable dividend (growth history) + +-ARI: MREIT, historically growing dividend, dividend had a 20% reduction since Q1-20 + +-GOF: Fund (1.6% expense ratio), stable monthly dividend (reduced for 6 months only, now back to historical level) + +- IEP: Investment conglomerate, growing dividend + +Basically I was in a car accident 2 years ago, had back surgery did months of therapy and now I’m here. Feeling fine and pain free. I am 24 years old, still live with my parents and have a girlfriend of 6 years whom I plan on spending my life with. I am currently unemployed right now but I am looking to move out and get started with my life. What are some tips and advice I need? +I've been seeing this a lot in the news lately, including in some serious publications like Bloomberg. Here's a short summary of the technology and the people behind it: https://themerkle.com/what-is-syscoin/. Everything they do is open source: https://github.com/syscoin. I'm curious to hear if anyone here has started, or is planning to start using this for business purposes? +I am fairly new to trading. Let's say I made $1000 capital gains and I cash out after 3 months. Let's assume that I also have a low income. How will the IRS know how much I get taxed if I am using a brokerage like Public, Webull or Robinhood? + +Does it have to do with my SSN? +This is a throwaway account as I would like to keep myself and my site anonymous. + +Basically, my family sucks with money. My father is a conspiracy theorist who thinks that investing in *anything* other than precious metals is a waste. + +I don't know the first thing about investing and don't really have anyone close to me to turn to. What would you do with $100,000 in savings? Any help would be greatly appreciated! + +EDIT: I'm 28 years old, a homeowner, and no big financial expenditures coming up. +Hey guys just wanna have an idea of your forex journey, how long did it take for you to be profitable, what are the biggest lessons you learnt throughout your trading journey if you dont kind sharing. + +I'm struggling to be profitable. Would love to learn from your experiences while i learn from my own! +I literally could not even type my stop loss fast enough to prevent a 100 pip loss. + +And can anybody explain to me how a currency can cut rates and then climb? + +I really don't know what I'm doing. Rookie shit. +[**I'M BACK BABY!!**](https://cdn.meme.am/instances/500x/60994827.jpg) + +Alright, r/Forex denizens, you asked for it, so here it is: **The return of the trades thread!** + +Submit your analysis for the upcoming week within. Here's the mandatory criteria: + +* Technical Analysis (TA): You *must* include at least your target numbers for entry, take profit, and stop loss, as well, you absolutely must give reasoning for why you are making the trade.. Just that meets the minimum requirements, but, to be frank, that kind of post sucks. We want CHARTS, dammit! Beautiful, clearly laid out charts that show us a graphic representation of your thought process. Whether you are a knife edged Price Action commando with no indicators, or a firm believer in a discotheque glow in the dark chart, it does not matter. Give us a chart from your broker/chart platform with your entry, SL, TP, and what indicators/variables you are using, along with *your analysis and thoughts on why this currency pair is going to go your way*, and you are set. + +* Fundamental Analysis (FA): You *must* include at least your target numbers for entry, take profit, and stop loss. As well, you absolutely must give reasoning for why you are making the trade. Just that meets the minimum requirements, but, to be frank, that kind of post sucks. We want LINKS and ARTICLES, dammit! Show us the news that you used to reach your assertion that this pair is going the way you think it is. + + +##**This thread died in the past due to lack of use. If you want it to thrive, you need to fill it, so keep it going, traders!** + + +**ALL OF YOU SHOULD HAVE A CALENDAR** + +This week: The big bear in the room is the FOMC! Everyone's favorite person, Janet Yellen (see sidebar), will be making big announcements. FOMC hits Wednesday, starting at ~ 1400 EST, so be aware. Remember that the USD touches everything. As always, r/Forex recommends exiting the market prior to the FOMC, it really can be a bastard of an announcement with nasty whipsawing in every direction. Don't gamble, trade. + +###**GOOD HUNTING** +I’ve been studying 90% of my days away recently and so I haven’t been able to trade much at all. + +However today I decided, why not deposit $200 and see where it takes me (slight procrastination). + +Anyways I put a quick $83 sell position on AUD/USD at 0.67629 and very quickly (literally 30 minutes) turned over $25. + +This had me thinking as all addicts do, if I did this, every day, compounding my interest, where would it take me. + +So for realisms sake (extremely loosely stated) I calculated a 10% return on $200 and ran up the numbers. Here’s some quick brainfood. +With 10% return on $200 daily (compounding): + +In 1 month, (30 days) total amount: $3,489.88 + +In 2 months, (60 days) total amount: $60,896.33 + +In 3 months, (90 days) total amount: $1,062,604.52 + +All from $200 + +... And this is why we trade... + +(I realise the inherent difficulty of achieving this but it’s food for thought). +This is USDCAD H1 chart. I opened a long position (as the green arrow) following the channel, but there was a breakout and the position ended on the stop loss (black line). Is it chance, or are there tools from technical analysis that I could have used to avoid the loss? Thanks for your help + +https://preview.redd.it/eedckbwyo7z81.jpg?width=1024&format=pjpg&auto=webp&s=d39906f0e096773a7fa50169994eb3d4100b8085 + +EDIT: Sorry if i'm not responding to every comment but i'm readi all of it, thank you all for your help :) +After hearing the recent news about Blackstone $BX, I was wondering how these other popular crowd funded REITs like Fundrise are doing? + +Anybody here invested with Fundrise? Any insight will be great. Are you having trouble liquidating? Is Fundrise at risk of bankruptcy? Are you happy with your investment? What's the benefit compared to regular REITs that can be traded? + +Speaking of Blackstone, what do you all think of the recent news of them limiting withdrawals from their BREIT. It current holds $69 billion assets in the REIT and sold off some casino properties to shore up it's cash. + +Anyone here invested in $BX or specifically in their BREITS? Is Blackstone at risk of imploding even though it has limited withdrawals? Will they be liquidating properties? And is the fear of big money snatching up rental properties overblown? Will companies like Blackstone continue to buy up properties in a down market or will be selling like everyone else during a recession? + +I have close to 0 knowledge of Fundrise but I suspect Blackstone should be fine due to limiting withdrawals and the amount of money they have. I do worry about the trend of big money buying up all the properties especially if they don't liquidate but instead buy even more when we finally are in the depths of recession. + +Thanks all! +I'm the only one who works. My husband is 40 and I'm 34. My income is 52k. Our total monthly expenses come to about $1870 and my parents help pay for my car each month. My husband really wants a spacious house to work on his sculpting hobby, but I don't think we are ready until he brings in some income. I personally would like to save up money for traveling instead. He complains about our living situation constantly and the lack of space. We live in a less than ideal area but our rent is only about $700. When I try to talk about budgeting with him, he gets irritated. How can I explain to him that getting a house is not a good idea without seeming selfish? +Hello redditors. + +After a recent post on getting lower rates and things to say etc I attempted to do so with CBA today. + +recent post - [https://www.reddit.com/r/AusFinance/comments/vzdj50/its\_always\_worth\_calling\_your\_bank\_and\_asking\_for/](https://www.reddit.com/r/AusFinance/comments/vzdj50/its_always_worth_calling_your_bank_and_asking_for/) + +My loan is just above $300k (though I have above $100k in redraw), LVR 80%, rate currently 3.64% variable. I called and quoted tic tocs 3.09% rate that is current as of 25th July and I am eligible for. I advised if they can't do any better then my current rate that I would like the discharge authority emailed to me. + +After 5 minutes on hold I was told they can't do any better and that they will email the authority in a few minutes. + +I'm guessing it isn't as straight forward to get a lower rate for everybody. + +:( +Not to belittle countries that aren’t developed, but most people would consider countries like El Salvador not very technologically advanced. + +The fact that countries like El Salvador are adopting crypto is amazing, and it shows the benefits when younger people are in power, as opposed to the vast majority of our government officials who are tech illiterate. + +Unfortunately many of them have become complacent, and think that our financial systems are perfect. + +**I tip my hat to you, El Salvador.** +Ok. We get it. It's the next best thing. 1000x incoming guaranteed. Listings on 500 exchanges imminent. Non anon team wearing t shirts. + +If this is a genuine f*cking project, then it will do well, and it doesn't need 400 threads an hour. It's been HEAVILY shilled at 4 Chan biz, which screams shitcoin to me. But I really hope people do well out of it. Now, enough. +I just created a twitter account to follow cohen and gamestop, I ONLY follow 9 GME/LRC exclusive accounts and twitter started spamming me with posts about the movie stock as „recommended“. I had to exclude axc as a phrase but that just doesn’t stop them from forcing that shit into my feed. I get recommended topics like „mindfulness“ and lo and behold: its from an axc only account. „You might like“: Almost all accounts are axc exklusive. „Suggested topic: Investing“: you already know, its an axc account. + +This shit is so irritating I’m seriously considering deleting my account from that axc shilling platform. +I'm pretty new to this community, and after looking through various types of FIRE, CoastFIRE seems to make the most sense for my situation. + +I'm not sure if my numbers are 100% correct, but as far as I can tell, if I manage to save up around 620K by the time I'm 30, then I'll be able to coast until 50 and then have a safe withdrawal of 100K per year waiting for me. (Assuming 7% inflation-adjusted growth, and a 4% withdrawal rate) + +First of all, is that really correct? Seems a bit too good to be true. + +Second, does this mean that I can just spend 20 years making sustenance level money, and travel the world/read/do-whatever? + +Obviously, this is dependent on not having kids, and not taking super extravagant vacations. But I don't see kids in my future, and my SO and I don't need fancy things. + +Currently, I'm 25 with around 300K in retirement+savings. I'm pretty sure I should be able to stockpile the other 300k in 4 or 5 years. + +The biggest issues I can see are: + +1. Unexpected expenses + +2. Having a huge gap in my resume if I ever did need to go back to work + +3. Suddenly developing a taste for caviar (i.e. changing my mind in my 30s or 40s, and not having money to do expensive things) + +Does this seem like a good idea? How would I handle medical costs during the coast period? Is there something big I'm missing here? + +Thanks for any input you might have. +A few minutes ago Ethereum passed Block #12244000. + +Source: [https://etherscan.io/blocks](https://etherscan.io/blocks) + +The next Update will bring EIP-1559, which could lead to more predictable fees and maybe also lower fees. It is still a long way to ETH 2.0, but if they manage to accomplish their roadmap goals in time, I think Ethereums future is bright. In the mean time, Layer 2-Solutions will help out quite a bit! +Isaac Newton is known as being one of the biggest smart smarts in history. + +But did you know he secretly wrote about the GME rocket ship in his work "*Philosophiæ Naturalis Principia Mathematica*", 297 years before Gamestop was founded? + +&#x200B; + +That means ***he was even smarter than we thought***, and here's the proof: + +&#x200B; + +𝕹𝖊𝖜𝖙𝖔𝖓'𝖘 𝕷𝖆𝖜 𝖔𝖋 𝖀𝖓𝖎𝖛𝖊𝖗𝖘𝖆𝖑 𝕲𝖗𝖆𝖛𝖎𝖙𝖆𝖙𝖎𝖔𝖓 (𝓣𝓱𝓮 𝓐𝓹𝓮 𝓛𝓪𝔀) + +Newton stated that there was a universal law of gravity, and many interpreted his writings as a way to calculate the force of gravity on Earth. + +Looking at his equations, they assumed he was speaking of things like mass, radii, and acceleration: + +>gₑ = GMₑ/Rₑ² + +&#x200B; + +They took this to mean that the gravitational constant of Earth was 9.8 m/s² and thought that they were the equally smart smarts for understanding Newton's work: + +>gₑ = (6.67 \* 10⁻¹¹ N•m²/kg²)(6.0\*10²⁴ kg(/(6.4\*10⁶m)² +> +>gₑ = 9.8 m/s² + +&#x200B; + +However, while this interpretation was heralded as a breakthrough in physics, it was WRONG, and they were actually 𝕭𝖎𝖌 𝕯𝖚𝖒𝖇 𝕯𝖚𝖒𝖇𝖘 who misunderstood what Newton was saying. + +To understand what he really meant by the equation: + +>gₑ = GMₑ/Rₑ² + +&#x200B; + +We have to do a bit of re-arranging, because he didn't want his secret code to be found out too easily: + +>GMₑ= gₑ \* Rₑ² + +&#x200B; + +Next, we have to change the little "ₑ's and g's" to big "E's and G's" since Newton wasn't a small minded hedgie: + +>GME = GE \* RE² + +&#x200B; + +See what that says??? [🤯](https://emojipedia.org/exploding-head/) [🤯](https://emojipedia.org/exploding-head/) [🤯](https://emojipedia.org/exploding-head/) [🤯](https://emojipedia.org/exploding-head/) + +&#x200B; + +Newton's target price for GME was the price of GE, multiplied by the squared price of Everest Re Group Ltd (Ticker: RE). + +&#x200B; + +That gives us a target price for GME of: + +>GME = $13.01 \* $243.29² +> +>***GME = $770,062*** + +&#x200B; + +So there you have it, Newton's secret code has been given to us. + +&#x200B; + +His Law of Universal Gravitation was never about forces that would pull things down to Earth, it was about things that would rocket past the moon [🚀](https://emojipedia.org/rocket/) [🚀](https://emojipedia.org/rocket/) [🚀](https://emojipedia.org/rocket/) + +&#x200B; + +𝓠.𝓔.𝓓 (𝖖𝖚𝖔𝖉 𝖊𝖗𝖆𝖙 𝖉𝖊𝖒𝖔𝖓𝖘𝖙𝖗𝖆𝖓𝖉𝖚𝖒𝖇𝖉𝖚𝖒𝖇𝖘) + +&#x200B; + +Sources: + +* [https://www.orange.k12.nj.us/cms/lib/NJ01000601/Centricity/Domain/15/Universal\_Gravitation\_v\_1-1.3.pdf](https://www.orange.k12.nj.us/cms/lib/NJ01000601/Centricity/Domain/15/Universal_Gravitation_v_1-1.3.pdf) +* [https://www.cdc.gov/ncbddd/autism/facts.html](https://www.cdc.gov/ncbddd/autism/facts.html) +Nobody seems to mention the fact that one day Shitcoin market will be worth more than $1,000,000,000,000. + +That means right now, if Shitcoins were a country, it's net worth is big enough to be listed in the top 50 most valuable countries not for GDP, but for total net worth. + +Let's think about how a leaders of countries feel about this. + +140 World leaders are reminded that... + +- Shitcoins are worth more than their country + +- People are more interested in shitcoins than their own homeland. + +- Shitcoins are worth so much that they even took steps to invest in their own shitcoin before solving their countries child hunger rates. + + +When all these facts come to realization for the general populous, they are going to know how Fked this world really is. Forget about religion, Investors are living the way of their own book. The Shitcoin Bible with a picture of SHlB on the front of it where everyone congregates to sing the gospel of Carlos Matos. +https://www.politico.com/news/2021/09/12/corporate-tax-rate-511570 + +Heads up! The Democrats are looking to change the wash sale rules for cryptocurrency in the 3.5 trillion dollar bill. This article linked discusses it in a one off comment. They never like to reveal the tax increases too early before they pass it because they don’t want us to have time to object and mount a campaign against. +Last night I purchased 1 share of $GOOG, kinda expecting we’ll gap up on the Split distribution date. I paid on the Ask close to $2260. +Only later (after market close), did I realize that only those who hold the stock on 1st July (Record date), are entitled to receive the 19 additional shares. +What will happen Monday? Have I just paid 20x the value for 1 share? +*Clinton's plan specifically seeks to double the period of time for the 39.6 percent top capital gains rate (from up to a year to up to two years), and then institute a sliding rate scale until assets are held for more than six years.* + +[Link](http://www.cnbc.com/2015/07/24/hillary-clinton-proposes-sharp-increase-in-short-term-capital-gains-taxes.html) +I have been following this sub for nearly 3 years and the advice / posts have allowed me to continually grow my net worth. Now that FIRE seems like an actual possibility for me some day, I got to thinking of the actual mechanics of it all and wanted to see if anyone that has already FIREd could opine. + +Essentially, I'm wondering what the best methodology is and the mechanics behind harvesting your portfolio. Let's just say for arguments sake your portfolio is $3MM and you are using a 3% rate for an annual spend of \~$90K/year. + +How are you accessing this cash flow? Some questions and thoughts I had as I think about this: + +1. Are you paying yourself yearly, monthly, or bi-weekly like a typical paycheck? +2. Are you simply selling shares of your portfolio or choosing to not reinvest dividends and living off the quarterly divs? +3. Are you using your brokerage account as a checking account to pay bills or do you keep investments and standard banking accounts separate and transfer money when it becomes liquid (whether yearly, monthly, bi-weekly)? +4. If selling shares, do you have to be cognizant of markets? (for example, if you were going to sell this month you would be selling in a down market) +5. Do most of you manage tax obligations yourself or hire professional help for that aspect? + +I feel like I have many more questions on this topic and want to ensure I'm setting myself up the right way when the time comes to pull the trigger (which is unfortunately still a few years out). +Hey guys. I've been very interested in FI for two or three years now. I'm 22 years old, and I graduated with a Computer Science degree in December, moving straight into a wonderful, well-paying, stable job. + +When negotiating the terms of my job, I asked for my student loan debt to be paid for as a signing bonus. The amount was under $10k, but that's not to shabby outside of Silicon Valley. Taxes took some of that money, so it didn't truly cover my debt. I used some of it to get rid of my loan which was accruing interest, and the other wouldn't begin to until this month, so I left it. I spent most of the remaining money on my vehicle and other necessities. I've been saving since then and paid off the remainder of that loan today, never being charged interest on it. + +I hadn't had an IRA before, so I saved up my money to max out my 2014 contribution before Tax Day, and opened one with Vanguard. When I'm 67, that $5,500 could be well over 10x that, maybe even more than 20x the principal. This year, I've saved 40% of my post-tax income, but a big chunk of that was spent on loans. Without the loans, it's over 60%. This amount doesn't feel terribly frugal, as I'm still free to spend too much money on craft beer without noticing too much. + +All that's left for this year is to max out my 2015 IRA contribution. I suppose I'll have to get a start on next year's as well. In addition to my student debt signing bonus, I already negotiated a raise for next year, so my savings rate will be able to increase even more. + +I suppose there aren't a ton of lessons to be learned from this, but starting early and saving aggressively already looks like it's gonna pay off. I mostly wanted to tell someone. Thanks for reading and feel free to AMA. +My friend and I were talking about our portfolios over the weekend. We were both on the threshold of crossing the $100K benchmark in our savings (stock and cash combined). We realized that neither of us really know the best strategy to keep growing it moving forward but we assume 100K is an important benchmark coz you hear that line a lot that “the first 100K is the hardest.” + +So I figure I should come over to ask what is your advice. I’m in my early 30s, working real hard to pay off the debt and saving aggressively. +We all followed the drama of u/007happyguy, who got scammed and seemed on track to lose a vast crypto fortune, and to our great relief has managed to retrieve most if not all of his lost tokens. The comments on his post, and subsequent posts "exposing" him as a liar and a moon-farmer have now been thoroughly debunked and made me incredibly ashamed to be a part of this community, and this is an opportunity for those people to apologise, make amends, and agree to move forward with a less toxic attitude on this sub. I would also like to see them donate some moons to u/007happyguy as a few of those posts had thousands of upvotes earned off the back of gaslighting the poor guy. Whether you have been in crypto 6 days or 6 years you are never totally safe from scammers, and you all deserve to be supported, validated and believed by this community. Rant over. +I got a letter from the IRS yesterday stating that they found discrepancies in my 2018 tax return and that I owe another $1,783 for that year. They list around $11,000 in mutual funds which were sold and never reported. I did not recognize the funds at all, nor did I know I even had that account. + +I reached out to my mom to see if she recognized it since several UTMA accounts were set up for me to pay for college back in the day (I am now 29). When she looked through her divorce proceeds she found a record of that account, which was supposed to be transferred to my mom's custodial ownership when the divorce finalized. I was 16 at that time. + +We're still trying to figure out what is happening, but as it stands right now, it seems like my father never transferred custodianship to my mother, withdrew money from it, and didn't report or pay taxes on the dividends or capital gains. I am now somehow responsible for paying for those taxes. + +It's sounding like we might need to get a lawyer to deal with some of the other issues going on, but in the meantime, what do I do about this money owed to the IRS? Is there a specific form I need to submit to let them know that the money was taken by my father and not me or can I just send them a letter saying as much? Do I need to pay the money and try to get it back in court? +MD at Global financial institution earning 350k and with 4m net worth in HCOL (including primary residence). Looking to inherit another 1.5m this year. My job is fairly easy but still forces me to follow a 9-7 type workday with the occasional late evening or weekend work. + +I'm considering giving up my safe job and try to revive the family business (I'm the only one qualified). I'm currently living the business class life and i could upgrade to first or even private plane if I'm successful. + + I feel i can survive 2 years on my inheritance and if it fails, i should be able to find someone to employ me at a similar level as i do now. It will mean cutting back spending at first (not too excited about this part) but I'm looking forward to having more flexibility in how i structure my day and in trying something completely new. + +Any experiences or tips anyone can share? +Hoping to get the opinions of those who have had nannies or other childcare. I am a sole-income earner, pre-tax in excess of $1MM annually, but essentially a one-man show. + +Since we had our son mid-pandemic and we live away from family, my wife has been staying home and handling it all. Both of us were raised without any form of paid childcare. My wife used to work closely with me in a support role, but we have since hired someone to replace her, although they certainly are nowhere near as capable. We have found we are more-or-less treading water now, having less time to do important things like exercise. + +My son used to sit with us in one of those kids activity centres in our home gym while we worked out, but he has now determined that this is no longer suitable for him and we have to now take shifts, which is difficult when I work long days. + +&#x200B; + +A death in my wife's family occurred two weeks ago, and unfortunately we had no one around who could help while we were taking on other tasks, which made us realize we need to have some sort of plan for childcare. Now, I look at what childcare would cost, and realize it probably isn't going to be all that big of a deal for us financially, and indeed it may free my wife up at home to start doing some of her support role while someone helps with things like cooking/cleaning/childcare. + +Long story short, all of a sudden I'm thinking we should just hire someone full-time. Then also have someone 4h a day on weekends. We're just starting to look at interviewing candidates. + +1) Where and how did you find your in-home childcare provider? + +2) Should we start full-time, given that everyone seems to love it, or were just a few days a week enough? + +3) Would you get them on weekends too? + +4) Did your kids ever end up thinking their caregiver was their parent, or any other adverse longterm effects? This is certainly my wife's fear. + +Thank you for your thoughts and advice. +I currently live in a MCOL and work at a high growth tech company. When looking ahead, I can’t say I have strong interest in the positions ahead of me. To be specific, I work on the strategic business partnerships side, and not a dev. + +I love everything technology. The innovation, advancements, conversations, industry news, and solutions are all things that excite me. + +What I don’t necessarily love is working in this space. The pressure, constant meetings, never ending quotas, office politics, and having to build a “personal brand” to stand out (yes this is a thing at tech companies) are all things that make it intolerable. + +I am near 31 and have $5M invested right now. The stress is beginning to creep into my life outside work (hence this post) and I’m beginning to wonder if the juice is worth the squeeze. Considering scrapping it all but afraid to quit due to uncertainty. + +If I had my own company idea or another way to work for myself I would. But I don’t currently. +Looking for some advice: + +&#x200B; + +I am a resident of California with \~$350k income plus my wife's we will be over $500k this year (no kids). We live in a VHCOL area and with the recent tax changes we had quite a large hit on our taxes (ex: cap on state tax deduction). What are some good steps to take to reduce tax liability besides 401k, etc. Specifically I was considering starting a rental property business and build it up slow where the expenses can have good tax advantages in the first two years before a profit is required by the IRS. + +&#x200B; + +Any thoughts or other creative (and legal) ways to reduce taxes? Much appreciated! +I work as a stock broker for Piper Jaffray located in Los Angeles. What happened yesterday left me absolutely stunned in disbelief. + +I manage the portfolios for more than half of our richest clients and my boss called me into his office and told me to cash them all out immediately. My obvious thought was that there was going to be a crash but it was strange that he was so adamant about cashing them out. He clearly knew something so I asked him what was up. He spilled the beans and said look, we are going into a currency crisis. Major banks are going to default in the next 3 weeks. The stock markets are going to go in a violent downward trend not only here but all around the world. The currencies of the world are going to move in every direction and there's no predicting which ones will still be standing after this is all over. It will spill into the bond markets here and it will be interesting to see what the fed will do. He warned whatever the fed did it was not going to help and not solve any problem. When I asked who told him this. My boss said he talked to a buddy of his who happens to be an executive in JP Morgan. I asked what triggers it and he said the Chinese trust default is going to cause a domino effect which will spill into every market and every currency in the world. He also said this coming week from the 27th to the 31st will have volatile trading and that this collapse is imminent within the next 3 weeks. + +I am dumping all my stocks and bonds but the problem is holding dollars is not a safe haven as well. I'm in the process of putting my dollars in precious metals, property, Swiss francs, Vietnamese Dong, Nigerian Naira, Russian Ruble, and Mexican Pesos. Why not Yuan? It's not safe at all, they are dependent on the consumerism of other nations. Why buy currency of third world countries? They don't have much industry to be affected. They have more of an agricultural and energy based economy. + +If anyone has questions please ask, especially if it is advice on what to do with your assets. +Can anyone explain the fundamental reasons behind it? I just continue to see it's because companies have more cash on their balance sheets but it doesn't make sense to me. +I know I'm not alone in being frustrated that this subreddit exists largely as an advice-providing hub rather than true discussion. I think a solid FAQ would benefit & eliminate one stop shoppers - students and young career-to-be seeking advice and moving on - and improve the quality of the actual content. It could be filled with useful links of previous testimonials or helpful posts, studying links for various exams to provide help, I think you get the idea. + +If we get enough willing people to contribute to various sectors then it would be a strong guide and in my opinion make this subreddit much more useful than its current state +So for the third time today while dining in a deli, I had someone come to me, ask me where I work, and then tell me I'm the devil for working in the same industry that robs and steals from the poor. + +The entertaining bit that stuck with me: "You people strut around as if your cocks are 20 feet thick and 50 feet wide" (by which at that point I tried explaining the errors in this statement before she got miffed and left in a huff). + +So, since we are showoffs, robbers and stealers, and can't wait to brag about our accomplishments, let's brag. + +This thread is a brag-off - show off your best accomplishments, no matter how outlandish, and let's see what ironies, laughs, sadness and facts of life emerge. + +LET THE BRAG-OFF BEGIN! +I'm hoping someone can clarify QE for me. + +Is QE mainly about the supply of money to encourage lending or the interest rate? If QE is meant to lower interest rates by buying bonds and making the price go up and thus the interest rate go down… why do they need to do that if they can just set the interest rate? + + +[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. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I’m seeing a lot of apes getting excited at a “true” $6347 - $31735 current share price based on a high reported Forward P/E. I am posting this for hopeful debunking or being proven wrong as I would love that to be the case but, by looking at the formula for calculating Forward P/E a different way, we can get a more ‘reasonable’ explanation for it being this high. + +&#x200B; + +\[Forward P/E = Current Share Price/ Estimated Future Earnings per Share\]([https://www.investopedia.com/terms/f/forwardpe.asp](https://www.investopedia.com/terms/f/forwardpe.asp)) + +&#x200B; + +This means you can also have a high Forward P/E if you have a low $0.xxxxx Estimated Future Earnings per Share. + +&#x200B; + +Take Yahoo for example: + +[Yahoo Valuation Measures for GME 12.9.21](https://preview.redd.it/ydq615gno3n71.jpg?width=897&format=pjpg&auto=webp&s=02885ae90649f856c65d5f5d5a24b508c7914106) + +Yahoo has a Forward P/E of $6347.00 based on data provided by Refinitiv + +&#x200B; + +[Yahoo Earnings Estimate for GME](https://preview.redd.it/uwn7jl6gp3n71.jpg?width=1866&format=pjpg&auto=webp&s=e7c193ed116acbd3d8238e8f8bdf9f9fe6fa5548) + +Yahoo also has $0.03 as its Avg. Estimated Earnings per Share for Next Year. Could this be the Estimated Future Earnings per Share used in its Forward P/E calculation? Let’s do some maths to find out: + +Current Share Price = $190.41 + +Estimated Future Earnings per Share = $0.03 + +Forward P/E = $190.41/$0.03 = $6347.00 + +&#x200B; + +So Yahoo’s Forward P/E is not based on a desirably high Current Share Price, but rather a fairly low Estimated Future Earnings per Share for 2023. + +&#x200B; + +This is the same with Nasdaq: + +[NASDAQ GME Yearly Earnings Forecast](https://preview.redd.it/r8f3jbt0r3n71.jpg?width=1327&format=pjpg&auto=webp&s=396e2ff9f39ed3cdea3859a359f8ddcf57cc4f86) + +Nasdaq’s Consensus Estimated Future Earnings per Share is $0.02 for Jan 2022 + +Nasdaq, however, is using the previous close of $199.18 as its Current Share Price: + +$199.18/$0.02 = $9959 + +&#x200B; + +[NASDAQ GME Key Data](https://preview.redd.it/gati1ieqr3n71.jpg?width=1732&format=pjpg&auto=webp&s=0fb761405c2b1f21a417a95eb940d402c7263662) + +$9959.00 is NASDAQ’s Forward P/E 1 Yr. + +So these high Forward P/E values we are seeing (although suspiciously different in US vs elsewhere) do not confirm evidence of a “behind-the-curtain” significantly higher Current Share Price. + +If Estimated Earnings per Share on these sites was actually $1 or $5 then we could get hype, but I’m afraid that isn’t the case. + +&#x200B; + +Let me know your thoughts on this wrinkled ones. + +&#x200B; + +**Edit 1 (Maybe get hype?):** + +I have been thinking a little bit and, as a non-US Ape, my research around figures was just based on debunking the non-US Yahoo data. So I decided to boot up the ol’ VPN to see whether the figures aligned for the US Forward P/E…. Because surely, the US data must be using some other figure for Estimated Future Earnings per Share to get it‘s Forward P/E of 36.76… + +Nope. US Yahoo, like non-US Yahoo, is also showing 0.03 Avg. Estimated Earnings per Share for 2023 (the figure that fit perfectly with the Current Share Price of $190.41 to get our 6347 Forward P/E on non-US Yahoo) + +So either the Forward P/E on US Yahoo is using some other value for Estimated Future Earnings per Share, or the Current Share Price on US does not match the Forward P/E. + +If we use Forward P/E of 36.76 and Current Share Price of $190.41 we get the following when calculating Estimated Future Earnings per Share: + +Estimated Future Earnings per Share = Current Share Price/ Forward P/E = $190.41/36.76 = $5.18 + +Looking again at the Earnings Estimates for GME on Yahoo: + +[Yahoo Earnings Estimate for GME](https://preview.redd.it/by7p915sa5n71.jpg?width=1846&format=pjpg&auto=webp&s=5d97f2e73a97d1096f54339f7a4a523fee5f35de) + +I can’t see any sign of a future Earnings Estimate that matches with \~$5.18 to suggest that US Yahoo has used a different figure than $0.03 to get its Forward P/E of 36.76 (thus maintaining that Current Share Price is actually $190.41) + +If then we ignore the Current Share Price and apply the Forward P/E formula again, this time using the US Yahoo reported Forward P/E and the US Yahoo reported Average Estimated Future Earnings per Share for 2023 (which I’ve confirmed to be the earnings figure used for Forward P/E calculation on non-US Yahoo), we get the following figure for Current Share Price: + +Forward P/E = Current Share Price/ Estimated Future Earnings per Share + +Current Share Price = Forward P/E x Estimated Future Earnings per Share + +Current Share Price = 36.76 x $0.03 = $1.1028 + +Now, SHFs would love that to be the Current Share Price… but we know it isn’t. But $190.41 does not fit with the US Yahoo figures for Forward P/E and Estimated Future Earnings per Share… + +So let’s pretend $1.1028 is actually the Current Share Price. Market Cap is still reported to be $14.56b. + +Would that mean there are 14.56b/1.1028 shares out there? + +Meaning 13.2b shares? + +Probably not, but it’s interesting to think about. My OP debunked Forward P/E speculations on the non-US data which seems to all add up…but the US data- from what I can see- still does not, even regarding Forward P/E. The US values for Forward P/E, Current Share Price, and Estimated Future Earnings per Share DO NOT add up….and may reflect the Current Share Price being incorrect. + +Love you all apes. This is funky and I hope some more people can dig into this. + +**Edit 2 (Maybe coincidentally full-circle)** + +Another thing fun to think about is taking the Estimated Future Earnings per Share figure that I calculated from US Yahoo Forward P/E and US Yahoo Current Share Price ($5.18) and apply it to the non-US Forward P/E to calculate Current Share Price: + +6347 \* $5.18 = $32877.46 + +I have no idea why the 172.67x difference between the US and non-US Forward P/E figures exists. I‘m going to look into other discrepancies in data and see if there’s any discrepancies of the same magnitude. + +**Final Edit Before Sleep** + +I have had a look across all different data values on US Yahoo and non-US Yahoo to see if there were any similar discrepancies to the magnitude of \~172.67x…. Nothing I could see. + +Yahoo states it gets its Forward P/E from “Data provided by Refinitiv“ - I think we will need to investigate this source data to understand what’s going on, because US Yahoo must be getting/ using different data from Refinitiv on either Current Share Price or Estimated Future Earnings per Share. + +I could not find any information on Yahoo to tell me whether the analysis data that provides the $0.03 Estimated Future Earnings per Share is from Refinitiv or whether the Current Share Price is from Refinitiv… or both. + +Perhaps looking into that might provide some insight. + +&#x200B; + +&#x200B; +I’m seeing a lot of apes getting excited at a “true” $6347 - $31735 current share price based on a high reported Forward P/E. I am posting this for hopeful debunking or being proven wrong as I would love that to be the case but, by looking at the formula for calculating Forward P/E a different way, we can get a more ‘reasonable’ explanation for it being this high. + +&#x200B; + +\[Forward P/E = Current Share Price/ Estimated Future Earnings per Share\]([https://www.investopedia.com/terms/f/forwardpe.asp](https://www.investopedia.com/terms/f/forwardpe.asp)) + +&#x200B; + +This means you can also have a high Forward P/E if you have a low $0.xxxxx Estimated Future Earnings per Share. + +&#x200B; + +Take Yahoo for example: + +[Yahoo Valuation Measures for GME 12.9.21](https://preview.redd.it/ydq615gno3n71.jpg?width=897&format=pjpg&auto=webp&s=02885ae90649f856c65d5f5d5a24b508c7914106) + +Yahoo has a Forward P/E of $6347.00 based on data provided by Refinitiv + +&#x200B; + +[Yahoo Earnings Estimate for GME](https://preview.redd.it/uwn7jl6gp3n71.jpg?width=1866&format=pjpg&auto=webp&s=e7c193ed116acbd3d8238e8f8bdf9f9fe6fa5548) + +Yahoo also has $0.03 as its Avg. Estimated Earnings per Share for Next Year. Could this be the Estimated Future Earnings per Share used in its Forward P/E calculation? Let’s do some maths to find out: + +Current Share Price = $190.41 + +Estimated Future Earnings per Share = $0.03 + +Forward P/E = $190.41/$0.03 = $6347.00 + +&#x200B; + +So Yahoo’s Forward P/E is not based on a desirably high Current Share Price, but rather a fairly low Estimated Future Earnings per Share for 2023. + +&#x200B; + +This is the same with Nasdaq: + +[NASDAQ GME Yearly Earnings Forecast](https://preview.redd.it/r8f3jbt0r3n71.jpg?width=1327&format=pjpg&auto=webp&s=396e2ff9f39ed3cdea3859a359f8ddcf57cc4f86) + +Nasdaq’s Consensus Estimated Future Earnings per Share is $0.02 for Jan 2022 + +Nasdaq, however, is using the previous close of $199.18 as its Current Share Price: + +$199.18/$0.02 = $9959 + +&#x200B; + +[NASDAQ GME Key Data](https://preview.redd.it/gati1ieqr3n71.jpg?width=1732&format=pjpg&auto=webp&s=0fb761405c2b1f21a417a95eb940d402c7263662) + +$9959.00 is NASDAQ’s Forward P/E 1 Yr. + +So these high Forward P/E values we are seeing (although suspiciously different in US vs elsewhere) do not confirm evidence of a “behind-the-curtain” significantly higher Current Share Price. + +If Estimated Earnings per Share on these sites was actually $1 or $5 then we could get hype, but I’m afraid that isn’t the case. + +&#x200B; + +Let me know your thoughts on this wrinkled ones. + +&#x200B; + +**Edit 1 (Maybe get hype?):** + +I have been thinking a little bit and, as a non-US Ape, my research around figures was just based on debunking the non-US Yahoo data. So I decided to boot up the ol’ VPN to see whether the figures aligned for the US Forward P/E…. Because surely, the US data must be using some other figure for Estimated Future Earnings per Share to get it‘s Forward P/E of 36.76… + +Nope. US Yahoo, like non-US Yahoo, is also showing 0.03 Avg. Estimated Earnings per Share for 2023 (the figure that fit perfectly with the Current Share Price of $190.41 to get our 6347 Forward P/E on non-US Yahoo) + +So either the Forward P/E on US Yahoo is using some other value for Estimated Future Earnings per Share, or the Current Share Price on US does not match the Forward P/E. + +If we use Forward P/E of 36.76 and Current Share Price of $190.41 we get the following when calculating Estimated Future Earnings per Share: + +Estimated Future Earnings per Share = Current Share Price/ Forward P/E = $190.41/36.76 = $5.18 + +Looking again at the Earnings Estimates for GME on Yahoo: + +[Yahoo Earnings Estimate for GME](https://preview.redd.it/by7p915sa5n71.jpg?width=1846&format=pjpg&auto=webp&s=5d97f2e73a97d1096f54339f7a4a523fee5f35de) + +I can’t see any sign of a future Earnings Estimate that matches with \~$5.18 to suggest that US Yahoo has used a different figure than $0.03 to get its Forward P/E of 36.76 (thus maintaining that Current Share Price is actually $190.41) + +If then we ignore the Current Share Price and apply the Forward P/E formula again, this time using the US Yahoo reported Forward P/E and the US Yahoo reported Average Estimated Future Earnings per Share for 2023 (which I’ve confirmed to be the earnings figure used for Forward P/E calculation on non-US Yahoo), we get the following figure for Current Share Price: + +Forward P/E = Current Share Price/ Estimated Future Earnings per Share + +Current Share Price = Forward P/E x Estimated Future Earnings per Share + +Current Share Price = 36.76 x $0.03 = $1.1028 + +Now, SHFs would love that to be the Current Share Price… but we know it isn’t. But $190.41 does not fit with the US Yahoo figures for Forward P/E and Estimated Future Earnings per Share… + +So let’s pretend $1.1028 is actually the Current Share Price. Market Cap is still reported to be $14.56b. + +Would that mean there are 14.56b/1.1028 shares out there? + +Meaning 13.2b shares? + +Probably not, but it’s interesting to think about. My OP debunked Forward P/E speculations on the non-US data which seems to all add up…but the US data- from what I can see- still does not, even regarding Forward P/E. The US values for Forward P/E, Current Share Price, and Estimated Future Earnings per Share DO NOT add up….and may reflect the Current Share Price being incorrect. + +Love you all apes. This is funky and I hope some more people can dig into this. + +**Edit 2 (Maybe coincidentally full-circle)** + +Another thing fun to think about is taking the Estimated Future Earnings per Share figure that I calculated from US Yahoo Forward P/E and US Yahoo Current Share Price ($5.18) and apply it to the non-US Forward P/E to calculate Current Share Price: + +6347 \* $5.18 = $32877.46 + +I have no idea why the 172.67x difference between the US and non-US Forward P/E figures exists. I‘m going to look into other discrepancies in data and see if there’s any discrepancies of the same magnitude. + +**Final Edit Before Sleep** + +I have had a look across all different data values on US Yahoo and non-US Yahoo to see if there were any similar discrepancies to the magnitude of \~172.67x…. Nothing I could see. + +Yahoo states it gets its Forward P/E from “Data provided by Refinitiv“ - I think we will need to investigate this source data to understand what’s going on, because US Yahoo must be getting/ using different data from Refinitiv on either Current Share Price or Estimated Future Earnings per Share. + +I could not find any information on Yahoo to tell me whether the analysis data that provides the $0.03 Estimated Future Earnings per Share is from Refinitiv or whether the Current Share Price is from Refinitiv… or both. + +Perhaps looking into that might provide some insight. + +&#x200B; + +&#x200B; +So I did what I shouldn’t have, I opened my brokerage account to see how much I’ve lost (I know it’s not lost unless I sell) and was a little depressed after seeing I lost about $100k. So to make myself feel a little better I was curious to see how much you’ve lost in the past couple weeks? +I recently was in a discussion with some friends about tradeoffs of capital gains taxes vs regular progressive income taxes and their impression was that capital gains taxes ("what rich people pay") are really low \~15% while income tax ("what normal people people pay") are really high so I started to do some research for comparing the rates in a high tax state like California - am I missing anything in the below calcs - I was surprised by how close they were when I actually did the math. + +*Note: Posting to FF because the pitchfork mob came for me when I posted under a throwaway on the more tax centered channels about how once you make 500K+ the marginal tax rate should be close to 100% ;)* + +Assume AGI of $700K (before stock sale), living in California and you sell a holding either: + +(A) Disqualifying disposition (e.g. sell stock short term) + +* Fed (37%) +* California (12.3%) \[Over 1M it goes to 13.3%\] +* Total: 50.3% + +(B) Qualifying disposition (e.g. sell stock long term) + +* Fed Long Term Cap Gain (20%) +* Fed Net Investment Income Tax (3.8%) +* California (12.3%) \[Over 1M it goes to 13.3%, cap gains treated like income\] +* Total: 37.1% +*As a disclaimer I am not FIRED however I had extensive experience working and volunteering at non profits before I went to medical school. As a part of my work experience I spent a full year doing 40 hours a week at a free clinic where I helped manage volunteers, projects, and the future direction of the clinic on a high level.* + +**What are you planning on retiring to?** +--- +This is a question that often comes up on forums like these and many often reply stating that—among other things—they hope to volunteer. As you might guess based on my disclaimer I think this is a really great goal and I actually suspect that it would be very fulfilling for many of the types of people that aspire to FIRE. However, as many of you might have already noticed it’s ACTUALLY kind of hard to find a good volunteering gig believe it or not. + +What do I mean? So you’re sitting here thinking “okay, I want to volunteer so I’m going to search online for volunteer positions” and what do you find? Large event helpers, trash pick up days, youth coaching/tutoring (which maybe you like but also not always for everyone), grant writing (REALLY not fun FYI), fundraising positions, etc etc. Often these are kind of unpleasant or temporary jobs which is why they are advertising these positions in the first place. + +What I suspect you were imagining when you said you wanted to volunteer was probably something more meaningful, with true responsibility and impact on the community. You’re not just trying to fill your time, you’re trying to fill the intrinsic drive you have within yourself to DO something worthwhile. These positions absolutely exist but the secret is that they are not advertised anywhere. + +**First, identify the organization** +--- +I think the first step that you want to do, is find an organization that has a mission that you agree with and if it’s related to your career field that’s even better. So for example, for me, that would probably be something medical. A free clinic or similar organization. Finding a good cause will probably require some community knowledge on your part but you should ask around and see what your friends/colleagues say. Networking will probably find you much better options than relying on whatever google deems has the best SEO when you search for “tech non profits in jackson hole” or whatever. + +Be patient when contacting them because the volunteer coordinator very likely is a volunteer themselves and they might not respond quickly because they aren’t doing this full time. Be persistent or try a different method if it’s not working. Often there will be some regular volunteering activities or public events which you can sign up for and that is another good way to get your foot in the door. + +**Meeting with the volunteer coordinator** +- +Once you get a chance to meet with them make sure that you briefly introduce yourself to everyone you can. At the top of the org chart you can expect to find some sort of director of the organization who is likely to be extremely busy. It’s good to be on their radar but don’t barge in during their meetings to introduce yourself, lol, just use your obvious social skills to read the situation. A key word that you can use that will perk their ears up is to clarify that you are RETIRED. I know in a lot of other social situations you might feel awkward saying that but when it comes to volunteering, people will see that as a positive thing. When I was interviewing potential volunteers and someone said those magic words to me I got a little flutter in my chest because it means that you will be available during business hours when many other people are not. I would consciously invest a LOT more time and energy into maintaining a relationship with someone like this vs someone looking to volunteer 1-2 hours a month on nights and weekends. + +Regardless of your amazing, flexible, availability, when you first meet the management team of the non-profit you should understand their perspective. They have been working with this org for years now and they’ve probably seen hundreds if not thousands of volunteers filter through. Probably about 75% of those people signed up for one event and never came back. There’s a good chance they aren’t going to even bother trying to remember your name until they see you 3-4 times. So don’t worry if you feel like people are ignoring you, they’re just jaded by the huge number of faceless people that cycle through. But YOU are not going to be that volunteer. YOU are going to become an IMPORTANT member of this organization. + +**So you got your foot in the door, what do you do now?** +- +It probably goes without saying but it’s as simple as showing up and doing a good job. When you first start there is a very good chance that you will be doing what in medicine we call “scut work.” At the free clinic where I worked it wasn’t uncommon to have volunteers doing things like shredding documents or calling patients to remind them to pick up their meds from the clinic pharmacy. But once you start to get oriented to the daily operations and the goals of the clinic they start to trust you with more: maybe you’ll start to triage patients by taking their vitals and getting them roomed. Maybe you will be asked to answer phone calls or help patients arrange their xray at an outside clinic. Maybe they will ask you to help our 65-year-olds sign up for medicare. + +At some point after several months of you being a dependable, consistent, volunteer people will know your name and thats the key. When the non profit director realizes that she needs a certain task delegated she is going to ask her volunteer coordinator or other employees for a list of names and you want to be on that list. I made dozens of these lists while working at my free clinic because special jobs come up way more often than you might think. Once again, this might be obvious to many of you but the way you get on the list is as simple as introducing yourself to people and being a normal, sociable person that the volunteer coordinator remembers. + +Once you get your first special assignment you’re obviously going to kick ass and impress the boss and then I think you get the idea from here. Eventually after taking on more and more important assignments you’ll find yourself realizing that you are doing actual meaningful work for an organization that matters to you. The nature of that work will depend on the org itself but it might even be similar to the stuff you did for your old job like going to meetings and making reports but you’ll actually enjoy it because you’re supporting a mission that you believe in. Many times these places have boards of directors and that could also be an end goal for you. + +Thank you for coming to my ted talk + +**TLDR:** +- +Good volunteer positions are not advertised online. You need to find an organization that you believe in and use networking and hard work to make your way up the chain just like you did in your current career. Once you have real responsibility you will probably enjoy volunteering a lot more. +Quick question if anyone has had experience with Wealthfront or similar Cash Sweep programs. They are offering one of the most competitive high interest APYs at 2.57%, no lock in period. + +&#x200B; + +However they are not directly a bank and the FDIC coverage they advertise as 1 million is due to them using a mix of unaffiliated banks to store the cash, which provides $250K in coverage per bank, per individual account holder. + +&#x200B; + +What would happen if they went out of business or were unable to withdraw the money? Does their SIPC coverage act as a fallback if somehow the money was not properly swept into the FDIC bank accounts? + +&#x200B; + +[https://www.wealthfront.com/cash](https://www.wealthfront.com/cash) + +&#x200B; + +Thanks for any advice you can offer here. +[https://www.bloomberg.com/news/articles/2020-02-26/reddit-s-profane-greedy-traders-are-shaking-up-the-stock-market](https://www.bloomberg.com/news/articles/2020-02-26/reddit-s-profane-greedy-traders-are-shaking-up-the-stock-market) + +Bloomberg made a quick article titled, "Reddit's Profane, Greedy traders are shaking up the stock market." Really entertaining the way they describe reddit as a "Dingy Corner of the Internet" and that it's "soaked in profanity and bro-speak". They also claim the chatter raises prices on some stocks. A pretty funny read +First off, this is more of a rant, so apologies for that. + +My wife is a part-time schoolteacher and daycare provider. Seeing the bs she has to put up with during the pandemic has made my blood boil. + +The school she teaches at has recently requested all the teachers to be physically present at the school next week to begin preparations for teaching remotely - yes, the students will be remoting from home. Upon hearing the news, she asked for permission to not be physically present, because 1) she can fully carry out her teaching duties at home, as was demonstrated during April-June and 2) she would have to take public transit, which is terrible because the metro is shut down in our city and it's simply just a greater risk. What were the principal's response? 1) Get your husband to drive you to work (we have a shared car, and also, this is definitely not happening since they don't cover health insurance and are not paying extra for this), and 2) "if you're going to show up to school when the students eventually return, then what difference does it make if you show up now when they're at home" (that doesn't make any sense to me). My wife pressed for more legitimate reasons, and they couldn't come up with any other than that if they didn't apply the policy uniformly for all teachers, then some teachers would want to stay at home. Furthermore, she found out that the administration doesn't even have a covid-testing policy at all, despite how adamant they were about getting the teachers back. + +My wife thinks that the true reason the principal demands all the teachers to be present at school is that most of them are computer illiterate and can't function without sufficient hand-holding. The median age of teachers is probably 50+. A handful of teachers have already resigned over having to teach using Google Classroom a few months back. + +Then, with her daycare provider: It's a VC-backed daycare startup that likes to market themselves as different from other daycares because they place the utmost care on their providers, which in theory would benefit the children. Obviously, this couldn't be further from the truth, because we all know the only thing any VC-backed startup really cares about is growth. Management consistently pushes to keep the centers open despite the pandemic, trying to weasel out of paying for overtime when forcing the providers to get covid-tested during weekends, uses regulatory loopholes to get around the provider:children ratio, possess minimal experience with actually dealing with infants in management resulting in very bad policies, and a lot more other skeletons in the closet. + +I've heard a lot of stories about other essential workers, especially RNs and delivery people being forced to literally risk their lives during this period, and I really sympathize with them through my wife's experiences. If it weren't for our savings and FIRE philosophy, my wife would have to work for these fucking scumbags. Thankfully she's the one setting the terms right now - if the school is unwilling to accommodate, she will quit, and she only works at the daycare to help out a friend who can't get out of that situation. + +Aside: We've also discussed other potential career options for her, but at the moment can't come up with any good ones. From other folks who've been down this path before and made the switch, any ideas? + +EDIT: Wife's school is part of some Catholic church system. To give you an idea of what the church thinks about covid, read this: [SF Catholic Church being Blamed for Allowing 100-Person Wedding Where at least 10 were Infected with Covid-19](https://sfist.com/2020/07/28/sf-catholic-church-again-being-blamed-for-allowing-100-person-wedding-where-at-least-10/) + +Hey everyone, + +I have been in the US for 8 years. I come from a country where you work to make it through the day and there is not much retirement planning since savings is not doable. Coming to the US has been a culture shock and I have had to learn so much throughout the years. + +Although I don’t make a lot of money right now, in 2020 I want to work on my finances and planning for my future.I want to start making smarter choices and start working towards financial stability. + +I’m 32y/o. I have a stable job, I’ve been working there for about 4 years. Here is info about my current financial situation. I’m listing just my income. I’m married and we do split mortgage payment, and bills. We combine both our incomes, but I wanted to list just mine to see what I can adjust to prepare for the future. My wife has a lot more in her 401k since she’s from here. I only got a 401k since I started working at my current job. + +Annual Salary: $41,000 +401k: Current balance $5150 (contributing 2%) +Pension: I don’t know exactly how pension works, but on my paperwork it says that based on 3% annual increase at age 65 I should have $32,294. +Savings: $6000 and starting to put about $800 away per month. + +Debt: +Mortgage: $101,500 with a 4.65% interest for 30 years +Car loan $1500 balance. I’ll probably be done by sept 2020 + +I would like some feedback on what I should work on. I know I should contribute more on my 401k, but I don’t think I can increase it until next year. I was also thinking about paying extra $200 on my mortgage. My current principal and interest payment is about $544.99. According to Ramsey mortgage calculator, if I were to pay extra $200 a month I could be done paying my mortgage in 12 years. Should I do this or refinance my mortgage for a lower interest rate? (My credit score 780, my wife’s about 810) + +Any feedback is very appreciated! +Chomsky in his book "On Language" criticizes the field of psychology for its apparent refusal to create a coherent model of the human mind. He praises it for its experimental methodology and analysis, but ultimately, psychology seems to be focused on specific, limited phenomena. The psychologist, according to Chomsky, sees only reactions to isolated stimuli and refuses to take into account the undoubtedly complex processes that occur within their skulls. One purpose of the field of linguistics, according to him, is to generate such a model of the human mind from the study of language, a complex and yet coherent behavioral phenomenon that's universal to humans. + +From my point of view, the field of economics suffers essentially from the same problem. It studies correlations between artificially isolated variables, but there is no push to generate a coherent model of any sort of real-world economic system. +At times, this reddit feels like the Naomi Klein book club. That's fine, but I decided to create /r/Macroeconomics for more serious economics discussion. +If someone could please explain it in the simplest terms. Also how would one end stagflation. This question came about because I was reading about the economic challenges Jimmy Carter faced. +Does anybody on Reddit work as an economist or other related job? I'm currently about to enter college and thinking about majoring in econ...What kind of work do you do? What are you favorite and least favorite parts of the job? +Welcome to the open discussion thread. + +This space is reserved for open discussion or questions on research and news on economics. + +Talk about economics among yourselves. + +A worst-case scenario security issue has been identified in all versions of Windows that allows an attacker to execute arbitrary code just by having you load a font, such as what happens on custom web pages. This is a CRITICAL issue that possibly affects all web browsers on Windows. + +As soon as you read this, you need to update and reboot. Don't even open another link. This is that serious. + +https://technet.microsoft.com/library/security/MS15-078 + +The update you need is KB 3079904. You may need to force Windows Update to check for updates. You should be able to get to the Windows Update screen on all versions of Windows by hitting the Windows key on your keyboard and typing "Windows update". + Here's the deal: + +Worked at a warehouse (Amazon) for a little over 3 years. + +Managed to save over $50k so far. + +I've been wanting to invest for some time, and given the way the market is looking due to the pandemic (COVID-19), I feel now is a better time than any to get started. + +My job has given me a couple of free stock that's being "managed/held" by Morgan Stanley. I plan on keeping these long term. + +I've been doing some research on where's best to invest (i.e. ETFs, Index funds, Options, mutual funds, etc.). + +My plan right now is to take $10k that I have in cold hard cash (I don't keep my money in a bank - this might not be the best thing) and put it in the bank (Chase). I know Chase has a You Invest Now option for investing but I don't know if I'll use it. + +I then plan on opening a brokerage account first with Fidelity because I feel it's a great all-around broker for beginners. I've read about TOS, IB, Schwab, and some of the others but I feel fidelity is a great start. If anyone has any reason why some of the others are better than Fidelity please tell me why. + +I also want to get into trading options - not right away - so I thought about opening an account with tastyworks. + +I'm looking to make both short-term (aggressive) and long-term (conservative) moves. + +I really want to take advantage of the market right now, and I feel I can stand to risk/lose about 5-10k. + +What do you think? + +Detailed advise is much appreciated. +My parents said if I study every day for 1 month on stocks they will loan me 750$ to try to earn. I was wondering if you guys had any ideas, I will be checking back everyday and making posts weekly. I have no idea how to do this so I am in need of assistance... + +&nbsp; + +Edit: Thanks so much for top 10 in this subreddit! You guys are being really in depth and I love it. +Looking at Excess insurance for a hire car. + +* £15 for 9 days +* £30 for annual + +If you buy annual, you are covered immediately, but you can cancel within the first 14 days with only a £5 admin fee. + +Is there any downside to buying annual cover but cancelling it after 9 days, so only paying £5? Obviously if I need to make a claim I will still have to pay the £30 but that's pretty unlikely. + +Even if not illegal, will this mean you get blacklisted from applying for insurance. +>[Amazon](https://www.cnbc.com/quotes/AMZN) is getting into the buy now, pay later space. +> +>The e-commerce giant is partnering with [Affirm](https://www.cnbc.com/quotes/AFRM) for its first-ever installment payments option on the popular e-commerce site. +> +>Affirm’s buy now, pay later checkout option will be available to certain Amazon customers in the U.S. starting Friday with a broader rollout in the coming months, the companies said in a statement. The partnership will let Amazon customers split purchases of $50 or more into smaller, monthly installments. +> +>Affirm’s stock spiked as much as 48% after-hours Friday on the news, adding more than $8 billion to its market capitalization, later settling up around 33%. Amazon shares were unchanged. +> +>Friday’s partnership is the latest sign of the booming lending space as younger consumers move towards these alternative lines of credit. Earlier in August, Square jumped into the space with a $29 billion [deal](https://www.cnbc.com/2021/08/02/square-to-buy-australia-fintech-afterpay-amid-buy-now-pay-later-trend.html) to buy Australian fintech Afterpay. +> +>So-called installment loans have been around for decades, and were historically used for big-ticket purchases such as furniture. Online payment players and fintechs have been [competing ](https://www.cnbc.com/2020/09/10/pay-later-is-booming-with-a-wave-of-companies-launching-installments.html)to launch their own version of “pay later” products for online items in the low hundreds of dollars. +> +>Affirm is one of the best known installment payment options. It works with more than 12,000 merchants, including [Peloton](https://www.cnbc.com/quotes/PTON) and [Walmart](https://www.cnbc.com/quotes/WMT). +> +>[PayPal](https://www.cnbc.com/quotes/PYPL), Klarna, [Mastercard](https://www.cnbc.com/quotes/MA) and Fiserv, [American Express](https://www.cnbc.com/quotes/AXP), [Citi](https://www.cnbc.com/quotes/C) and [J.P. Morgan Chase](https://www.cnbc.com/quotes/JPM) are all offering similar loan products. [Apple](https://www.cnbc.com/quotes/AAPL) is planning to launch installment lending in a partnership with [Goldman Sachs](https://www.cnbc.com/quotes/GS), Bloomberg reported last month. +> +>Affirm said some of the Amazon customer loans will bear interest, but some will come with 0% APR. +> +>“By partnering with Amazon we’re bringing the transparency, predictability and affordability that Affirm provides today to the millions of people who shop on Amazon.com in the U.S.,” Eric Morse, Senior Vice President of Sales at Affirm, said in a statement. “Offering Affirm’s alternative to credit cards also delivers more of the payment choice and flexibility consumers on Amazon want.” + +[CNBC](https://www.cnbc.com/2021/08/27/amazon-partners-with-affirm-for-first-buy-now-pay-later-option.html) +So i bought a 525p 9/4 for NVDIA and without fully reading, RH took 52,000 for collateral. I have the money to cover the collateral so it deducted it from my account. + +Long story short, the put is up $440 currently, and it wont let me trade out of it unless I deposit $44,000 to cover. + +I was meaning to play with small puts, but fucked up and didnt read, i just clicked continue. + +Will I loose my money or how can I get my collateral back if my put expires 9/4? I cant find something clear on robinhood. +Without wanting to dive into whether or not 4% is the right number.. + +Can someone please explain, is the idea that the pot remains perpetual and I would just skim enough off the top to keep me going or is it time limited - ie i'm skimming off and eating into the pot, but that's ok because there are enough years to see me through to when I will be dead. + +As a rough calculation i multiple annual spend by 25 to get a pot size. So if I lead a long life, would I be running this pot down or would there be all of it left to leave my children? +https://www.cnbc.com/2020/04/16/morgan-stanley-ceo-gorman-says-coronavirus-recession-may-last-until-2021.html + +> Morgan Stanley CEO James Gorman sees the coronavirus-induced global recession lasting for the entirety of this year and 2021. + +> When asked about how a potential economic recovery expected in the second half of this year would take shape, Gorman said that while he hopes it will be a sharp “V” recovery, in reality it will probably take longer to reopen cities and factories. + +> “If I were a betting man, it’s somewhere between a `U’ or ‘L’” shaped recovery, Gorman told CNBC on Thursday in an interview. “I would say through the end of next year, we’re going to be working through the global recession.” + +> “This is not going to turn on a dime,” Gorman said. “We’re not going to get to the point where everybody is on the subway in one day. To get consumers and small businesses back and to get everybody feeling like the world is stable again, that’s going to take months.” +As an extreme example, I guess my thoughts are that even if we do have a downturn, a 3 bedroom terrace house in the inner east of Sydney is unlikely to decrease in value, right? + +If so, do the ‘experts’ have any idea on what sort of housing will be hit the hardest? +My grandmother passed away recently. This past Friday I was awarded $25k. Her house (where I spent every summer) is going up for sale and I’d like to keep it if I can. I have at best 3-6 months her lawyer told me before it goes on the market. What do you guys suggest I invest the cash in that can net me as close to $100k as I can in that time frame? I know it’s a big jump, but I have decent credit and hopefully can apply for a loan from the local credit union to cover the difference. Thanks in advance! +Hey Everyone, + +I've seen this question come up a few times here with different answers and it's worth flagging given how popular spreads are and how different brokers handle early assignment. + +Robinhood does not technically allow short positions on equities. If both your short and long leg are in the money and your short leg is assigned, Robinhood will auto-execute the long leg in order to cover the short leg. I confirmed that with their rep, even if both legs are far away from expiry and the spread itself has significant value left. + +For example, let's say you have a bear spread selling a call on RKT for 20 and buying a long call on RKT for 25, and the current value of the spread is -3.00. If your short leg is assigned, Robinhood will instantly make your spread worth -5.00, a massive proportional loss depending on the size of your investment. + +Other brokers handle this differently (e.g., open a short position, and let you sell the call options) which means that the next day, you could actually be picking up a premium for the assignment rather than max loss. Only lost a few hundred on this, but don't get stuck on the wrong side of it by losing a few thousand. + +Edit: Proof of positions and dialogue was submitted and read by the mods /u/PapaCharlie9 +For the past 15 months, I’ve heard nothing but negative press from momma. While glued to the tv, she was caught between my raving lunacy, and the blatant lies told by corporate media. + +Today marks the first day in the entire saga, she walked up to me and said,” do not sell no matter what “ . + +It seems the market crash has become real for her at this point after I’ve been warning about it for the entire saga. Hold on tight apes, they’re starting to believe. +I'll keep it straight to the point. + +I'm 21, been gambling since I was 18. + +Stopped in January and finally told my parents today. + +I owe: +£900 left on a £2500 loan. +£1100 on a credit card +£2400 overdraft +£15,500 to my parents, they didn't know I'd taken this money from them, they're not in a rush to get it back and understand it may take me several years. + +I also have various direct debits for phone contracts etc each month. + +I get paid £1500-1600 each month + +I'm just wondering what the best course of action is now. + +Looking on the government website, it's suggesting I have three options. + +1. Bankruptcy +2. Debt Management Plan +3. Individual Voluntary Arrangement + +I've starting looking into all three but if I'm honest, I don't know if any of these options are needed. + +My loan will be paid off in 4 months +I can pay off the credit card in about 6 months +My overdraft will probably take about 12 months to pay off. + +Only after that will I need to pay my parents back the money I owe them. + +Is it worth me doing any of the three suggestions I've posted or should I just pay my debts over the next 12 months as I know I can. + +Many Thanks + +Progressive offers the snapshot tool and apparently you can be rewarded with up to a 30% discount for good driving. + +My husband is currently working from home and barely using his car. We are wondering if it would be worth trying out snapshot right now. We currently pay around $450/mo and are in Louisiana. The last time we tried a tracker type program our insurance actually went UP because he braked a lot when he was driving in a heavily congested metro area. +What’s your experience been with “time in the market is better than timing the market” philosophy? I’m a young investor (mid 20’s) and just keep buying VTI every other week or so. How has it worked for you veterans in the long run? Should I change anything? +Subdomain/certificate analysis can be a useful tool for tracking potential progress on new developments and revealing what is being worked on. + +A certificate is a unique digitally signed document that proves an individual or company is who they say they are. It also provides a key pair for encryption (HTTPS). If I go to my favorite website and click the little lock to the left of the URL, you can view the certificate which validates I’m actually on GameStop’s website and provides keys for encryption. + +Certificates get published to the public and there are sites which save them and allow you to easily search through them. [Certificate Transparency](https://crt.sh/?q=gamestop.com) and [Google’s Transparency Report](https://transparencyreport.google.com/https/certificates) are among the most popular. + +[Here](https://transparencyreport.google.com/https/certificates/zAF%2B0Mx5lVidXNpsz3beqnWKIA2QmBES5%2FbWYvM%2BlbY%3D) is an example of a recent certificate update to nft.gamestop.com, under “Matching DNS names” is a list of subdomains that are also part of the same certificate (i.e linked in some way). + +GameStop [owns the following domains](https://www.reddit.com/r/Superstonk/comments/qyww8m/an_update_on_gamestops_nft_related_domains_new/) (u/Top_Space1099): + +* gamestop.com +* gstop-sandbox.com (Used for testing/sandboxing, mainly around their blockchain projects) +* gstop-prod.com +* gstop-preprod.com +* gstop-content.com (Falls under same certificate as nft.gamestop.com and blockchain.gstop-prod.com) +* gstop-content-sandbox.com (Falls under same certificate as nft.gstop-sandbox.com) + +Blockchain Related Subdomains + +(Dates are when they first showed up in SSL certificates, subdomain may have been created earlier) + +* nft.gamestop.com - **May 18th, 2021** +* ipfs.nft.gamestop.com - 2021-07-19 (**Moved to gstop-content.com,** see below) +* support.nft.gamestop.com - 2021-10-21 +* Internal.nft.gamestop.com - 2021-11-16 +* api.nft.gamestop.com - 2021-11-16 +* beta.nft.gamestop.com - **2022/01/02** + +&#x200B; + +* nft.gstop-sandbox.com - 2021-07-12 +* Ipfs.nft.gstop-sandbox.com - 2021-08-06 (**Moved to gstop-content-sandbox.com**) +* Internal.nft.gstop-sandbox.com - 2021-11-03 +* api.nft.gstop-sandbox.com - 2021-11-03 +* wallet.gstop-sandbox.com - 2021-12-11 +* api.wallet.gstop-sandbox.com - 2022-01-13 +* api2.wallet.gstop-sandbox.com - 2022-01-26 +* titan.launchpad.gstop-sandbox.com - 2021-09-28 +* mimas.launchpad.gstop-sandbox.com - 2021-09-28 + +&#x200B; + +* nft.gstop-preprod.com - 2021/05/18 + * Some of the gstop-sandbox.com related subdomains fall under this [same cert](https://transparencyreport.google.com/https/certificates/nO6hZFssvYBuujvcLtf%2FwkDmvtcB73kddpgg9r%2B8eGk%3D). +* nft.gstop-prod.com - 2022/02/01 **(Today, first time this was observed in a certificate)** +* Blockchain.gstop-prod.com - 2021/05/21 + +Unknown Subdomains + +This is a list of recently added subdomains that I’m not sure what they are used for exactly. Maybe someone in the comments has an idea? + +* **gmestorybook.gstop-sandbox.com - 2022/01/31** (probably relates to [https://storybook.js.org/](https://storybook.js.org/)) +* **magicalisland.gstop-sandbox.com - 2022/01/19** (not sure what this is for) +* pawnlaw.gstop-sandbox.com - 2021/12/13 +* tipscert.gstop-sandbox.com - 2021/12/14 +* fpscert.gstop-sandbox.com - 2021/12/14 + +IPFS Changes as of Feb 1st, 2022 + +I was tracking the gstop-content.com domain since it was created but there had been no activity until the last few days. I noticed the certificate had an [update](https://transparencyreport.google.com/https/certificates/zAF%2B0Mx5lVidXNpsz3beqnWKIA2QmBES5%2FbWYvM%2BlbY%3D) and it appears that GameStop has discontinued the ipfs.nft.gamestop.com domain, and replaced it with gstop-content.com. + +Remember [this post](https://www.reddit.com/r/Superstonk/comments/osmrh0/gamestop_nft_new_url_points_to_potential_trading/) when I first saw IPFS? Well the link ([https://ipfs.nft.gamestop.com/ipfs/QmaLEchFaE7FWhc4MCvYMqoTdK8rV1yfjEC5Bz4jzQRbjS](https://ipfs.nft.gamestop.com/ipfs/QmaLEchFaE7FWhc4MCvYMqoTdK8rV1yfjEC5Bz4jzQRbjS)) is no longer valid, and has been moved over to [https://www.gstop-content.com/ipfs/QmaLEchFaE7FWhc4MCvYMqoTdK8rV1yfjEC5Bz4jzQRbjS](https://www.gstop-content.com/ipfs/QmaLEchFaE7FWhc4MCvYMqoTdK8rV1yfjEC5Bz4jzQRbjS). We know GameStop owns this gstop-content domain because it falls under the same certificate as nft.gamestop.com. + +What can we infer from this data? + +* Gamestop is building their own wallet (expected for launching their own marketplace) +* Their product will be an API centric design, meaning it will be easy for any 3rd party to integrate seamlessly into their platform. +* IPFS has been streamlined into its own domain which makes sense as it will be one of the core components to their platform. + +There has been a decent amount of activity lately so hopefully we will get some further developments soon. I will continue to track and post only if there are any notable changes. If anyone has ideas about the unknown subdomains, I’d love to hear thoughts. + +edit: + +u/Top_Space1099 found a few more interesting domains and information: + +[beta.nft.gamestop.com](https://beta.nft.gamestop.com) + +[cf-api.nft.gamestop.com](http://cf-api.nft.gamestop.com/) (CloudFront)[cf-beta.nft.gamestop.com](http://cf-beta.nft.gamestop.com/) (CloudFront)[cf-internal.nft.gamestop.com](http://cf-internal.nft.gamestop.com/) (CloudFront) + +A lot of these subdomains were empty (didn't resolve to anything) this morning, but now are being updated and mapped to IP addresses, this includes: + +[api.nft.gamestop.com](https://api.nft.gamestop.com) + +[internal.nft.gamestop.com](https://internal.nft.gamestop.com) + +[beta.nft.gamestop.com](https://beta.nft.gamestop.com) + +These are domains are getting updated as we speak, we might be getting close. + +&#x200B; +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [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/) +For any of you who THOUGHT you had a successful strategy AND you backtested it successfully AND you DID execute it the same way as your plan but it still failed, what were the general reasons you found it failed? + +- Bad historical data? +- Miscalculations in the backtest? +- Sample size too small during backtest interval? +- Orders couldn't get executed as smoothly as you thought? +- Didn't factor commission or other hidden fees? +- The strategy just mysteriously stopped working the moment you entered? +- Couldn't execute your strategy as often as you wanted because conditions weren't met? +- Other reasons? + +I appreciate any feedback. I am trying to do as much diligence as I can beforehand on my strategies. + +- I'm looking to get two separate sources to confirm my data. +- My sample size is from 2007 (14 years). +- I am factoring in commissions. + +I am just trying to think of what else I might be overlooking. + +Thanks! +The [efficient market hypothesis](https://en.wikipedia.org/wiki/Efficient-market_hypothesis#Criticism_and_behavioral_finance) basically states that it's impossible to consistently "Beat the Market". + +Ignoring High Frequency Trading, it's clear that there are successful algorithmic traders who *are* beating the market on a somewhat consistent basis. This disproves the effecient market hypothesis, right? Or is this saying that successful algotraders are essentially just successful gamblers? +Hello everybody reading this message, I'm here to expose you my situation to get advices on school and choices in life. I post this message here to get more visibility. + +So, here we go, + +I'm a 16 years old student, I'm in France, I'm in love with maths and computer programming since I was 13 so in my free time I either do maths to get better than others in my class or learn stuff about programming (Neural networks, machine learning and data analysis with Python and C). I went with a scientific bachelor cause here in France for high school you can choose between these 3 types of diploma: + +* Scientific (best one to open every paths) +* Economic & social (which is kind a general diploma, don't let the term "economic" confuse you guys) +* and Litterature (which is completely useless I guess). + +I'm really good at maths and Physics and after high school I'd like to go to one of these best "Preparation school" which is basically a 2 years program to prepare best students for competition to get into TOP engineering schools in the country like Polytechnique, Mines, ENS etc. My goal would be to go to Polytechnique and study financial engineering to get a job into Quantitative finance. Now, to get into the best preparation schools in the country you need to be the best in your class in Maths Physics and Litterature because selections are made on litterature too (they consider everybody is good at maths so they take the reverse subject to filter the bests). + +My goal would be to work for a few years at a top investments bank like Goldman Sachs or JP Morgan or an hedge fund like Two Sigma or Citadell. Guys listen, I know it's really hard to get a job in these firms because they only takes the bests among us but I believe in my skills and will show up everyday to get to the next level. I would like become a quant, which type I don't know yet but I like solving hard problems and being close to the market, I have a little preference for the moment for the Algorithmic trading quant (by this I mean the guys who develop the algorithm). + +I wanted to know your best advices for me, as a 16 years old student, what book do you think is the best for me? Do I need to work in a specific area of mathematics in my free time to increase my skills? + +I'm gonna say one thing too, I know in finance the pay can be really good and that fits also with the fact that one day I want to be a millionaire, with enough effort, work and just a little bit of luck, is it possible in this field? I heard the story of the billionaire mathematician too, Jim Simons, that boosted me too. I know for this you have to be more than a quant in the majority of the cases, being the CEO of an hedge fund or a startup increases your chances. + +That being said I wanted to know if you think it's possible to get into the quantitative finance world through Polytechnique which is the best engineering school of our country and if no, what other education path can I take, what kind of studies increases my chances to become? + +If you've read this whole post, Thank you guys, your answers can really change my life so, waiting for you :) +Title says it all, but I want to follow the rules. There's a change.org petition to change the FINRA day-trading rules, wanted to share it. Day-trading shouldn't be restricted based on how much you're willing to invest. Most of us already know not to invest anything we're not willing to lose. + +&#x200B; + +[http://chng.it/PpyX9YpW29](http://chng.it/PpyX9YpW29) +I got asked to write this post to explain my opinion on GME's option trading and why I think buying far OTM (C800) etc. is actually bad for everyone trying to watch the price rise. + +Before we get into any real discussion standard legal shit: + +* I'm not a financial advisor +* I'm not a pro +* This is my opinion and not advice + +My position: + +I'm basically completely bled dry so I only hold one 3/19 C300 and yes I know it's a long shot but I'm deep into other positions. I got the call because I begrudgingly love this sub and the autists that frequent it. + +Okay, so people want to buy FD's and get paid but it's important to understand what you're actually doing when you buy that option and pay that premium. + +I am hoping that I won't be downvoted to oblivion because I'm actually trying to help people understand as much as I can and be more successful. I'm not an expert so this is my best understanding of how options work. + +&#x200B; + +Let's talk about options... + +## Strike Price + +A strike price is the set price at which a derivative contract can be bought or sold when it is [exercised](https://www.investopedia.com/terms/e/exerciseprice.asp). For [call options](https://www.investopedia.com/terms/c/calloption.asp), the strike price is where the security can be bought by the option holder; for [put options](https://www.investopedia.com/terms/p/putoption.asp), the strike price is the price at which the security can be sold. + +[https://www.investopedia.com/terms/s/strikeprice.asp](https://www.investopedia.com/terms/s/strikeprice.asp) + +the strike price is what everyone screams about and it's the magic numbers we want to watch the price go to in order to ensure our options are In The Money (ITM) If options are ITM that means that your option has value, even if it doesn't go past the point where you hit a break even ( which ideally you want to see to realize a profit) All option contracts that are ITM are subject to potential exercise and this is where the magic happens. + +Options that expire OTM are worthless. All those 3/5 C800, yes all 30,000 of them that expired? Free money to the people that sold them to you? Why did you give free money to the people that are going to spend it to try to stop you from making more money? Well probably because you didn't understand what you were doing. + +&#x200B; + +# Premium + +This is the money you paid to the option seller. The hedge fund, the market maker, the theta Chad trying to fuck your wife's boyfriend's girlfriend. You need to keep in mind that this money goes directly into their pocket and they don't just put it away for a rainy day. They may do shit with that money to increase their chances of being correct and your chance of being out of the money (OTM) + +&#x200B; + +## Delta + +Delta is the ratio that compares the change in the price of an asset, usually [marketable securities](https://www.investopedia.com/terms/m/marketable_security.asp), to the corresponding change in the price of its [derivative](https://www.investopedia.com/terms/d/derivative.asp). For example, if a stock option has a delta value of 0.65, this means that if the underlying stock increases in price by $1 per share, the option on it will rise by $0.65 per share, all else being equal. + +[https://www.investopedia.com/terms/d/delta.asp](https://www.investopedia.com/terms/d/delta.asp) + +At-The-Money options typically have Deltas hanging around .5 ($.50 per $1 of underlying price movement) where as far OTM calls have extremely low Delta because they're still extremely unlikely to expire ITM. Options that are ITM already have Delta's around 1($1 for every $1 of underlying price movement) because every gain is seen as a profit because you're already past the point of probability. + +&#x200B; + +## Gamma + +Gamma is the rate of change in an option's [delta](https://www.investopedia.com/terms/d/delta.asp) per 1-point move in the underlying asset's price. Gamma is an important measure of the convexity of a [derivative's](https://www.investopedia.com/terms/d/derivative.asp) value, in relation to the underlying. A [delta hedge](https://www.investopedia.com/terms/d/deltahedging.asp) strategy seeks to reduce gamma in order to maintain a hedge over a wider price range. A consequence of reducing gamma, however, is that [alpha](https://www.investopedia.com/terms/a/alpha.asp) will also be reduced. + +[https://www.investopedia.com/terms/g/gamma.asp](https://www.investopedia.com/terms/g/gamma.asp) + +&#x200B; + +Gamma incorporates time. Gamma will be low and look much like a bell curve with respect to time. When time decreases the price of the option is extremely sensitive to time because you have less time to see your option change in value. ITM options become increasingly more likely to expire ITM and OTM options become increasingly less valuable because it would take a fucking miracle to make them ITM. + +&#x200B; + +# Let's talk about orders and price movement a little + +What makes selling an option safe? What makes it risky? Ask yourself a simple question. if you want to be successful are you move likely to sell an OTM call at C50 or C500. Obviously you're more likely to not get assigned your call exercise if your strike price is higher. How can you understand the risk? + +A few key concepts + +&#x200B; + +# Volume + +Knowing how much buying and selling happens on a regular basis can inform your intuition as to how much volatility you might expect. If you see a stock with a volume of 1M you might assume from that the chance of volume of 100M is very low. + +&#x200B; + +# Holding + +Holding your shares of your stock does a few things when we consider basic economics + +* It lowers the supply of the desired underlying. +* It may not have any effect at all on the demand +* Smart people will look at a 'cult' of people holding and understand that this is a 'control' or a constant rather than a variable on which they can incorporate to make decisions. If you know people won't sell suddenly and that if you can presume that they have no more buying your a portion of your risk is mitigated by the simple fact that you are concluding a buying frenzy is unlikely to occur => making sold calls safer. + +Consider the bloodbath of the past few weeks. Stocks are tumbling but GME... it's basically stayed very consistent. Some stocks are down 20/30 percent, but GME is basically flat. How? people aren't selling and they also aren't buying that much. + +&#x200B; + +# Open Interest + +Open interest is sometimes confused with trading [volume](https://www.investopedia.com/terms/v/volume.asp), but the two terms refer to [different measures](https://www.investopedia.com/ask/answers/050615/what-difference-between-open-interest-and-volume.asp). On a day when one trader who already holds 10 option contracts sells those 10 contracts to a new trader entering the market, the transfer of contracts does not create any change in the open interest figure for that particular option. + +No new option contracts have been added to the market because one trader is transferring their position to another. However, the sale of the 10 option contracts by an existing option holder to an option buyer does increase the trading volume figure for the day by 10 contracts. + +[https://www.investopedia.com/terms/o/openinterest.asp](https://www.investopedia.com/terms/o/openinterest.asp) + +# What strikes are people buying calls for? (expiry 3/5) + +&#x200B; + +|Strike|Open Interest|In the money?| +|:-|:-|:-| +|30|63|Yes| +|40|598|Yes| +|45|4612|Yes| +|50|1597|Yes| +|135|\~5500|Yes| +|140|\>14,000|No| +|250|4854|No| +|300|5446|No| +|800|\~30,000|No| + +All the ITM calls retained value and can be sold or exercised. all OTM calls are worth NOTHING. + +&#x200B; + +Is there any surprise that it ended up this way? Ending the week above $140 would have caused option sellers to either buy back or get assigned for 14,000 \*100 =1,400,000 shares + +&#x200B; + +# If you were an option seller, and you were smart enough to buy GME at $50 and you sold covered calls or naked calls at $140 and you saw it at $140 what would you do? + +* Sell your shares to lower the price +* Consider shorting it to lower the price +* Buy the underlying to hedge against the oncoming ass fucking (this is a gamma sqz) +* Literally anything but give retards on wsb 1.4Million GME shares worth of money. + +# Here's a list of the things you would NOT do + +* Stop selling super deep OTM (C800) calls +* Stand by and watch and risk losing your 5th yacht while working class assholes take your money + +&#x200B; + +Jail is for poor people, never forget that. It's not for rich people. + +&#x200B; + +Let's look at what some folks are buying these days + +&#x200B; + +https://preview.redd.it/0kcgnkle5cl61.png?width=579&format=png&auto=webp&s=346f279562a639f270f3aace65f050af4066a58d + +https://preview.redd.it/ycm0qj1d5cl61.png?width=534&format=png&auto=webp&s=fd7f30c9ba32c1bbe354bee1b350dca3af680ab8 + +[Do you guys see what the problem is yet?](https://preview.redd.it/jzu7qymu3cl61.png?width=570&format=png&auto=webp&s=1407dcfa5492f20d740b073dad7c9c91f0f702e6) + +People are spending their money buying these retarded calls that have no chance of success. + +&#x200B; + +Remember when I said earlier that if you sell a call and you have money it's in your best interest to use that money to increase your chance of success? + +It makes sense to spend as much much as you need to to mitigate risks. If you winning cost them $100,000,000 and it will only cost them $99,999,999.99 to make sure you don't expire ITM, guess what... + +THEY'RE GOING TO DO THAT THING. + +This is the basic economics of opportunity cost. For you retards that didn't take economics or don't read it means the valuable path is derived by comparing it to all other paths. + +&#x200B; + +Obviously they're not spending all of their premium to make sure options expire ITM, if they were it'd be a bad trade to begin with. These folks are smart, they know math, understand probability and have a deep understand of options arbitrage, orders, limits etc. + +&#x200B; + +# So what am I saying? + +# TLDR + +Buying super far OTM calls is fucking retarded. You're just handing the people you're trying to beat free money. It's harder to win when you keep giving all the advantages to the people you're trying to take money from Yes of course they could become the biggest gainers but they are the last calls that will become profitable. So say we had a gamma sqz to 790 and you hold until near expiration. Guess what? Theta(option price decay over time) murdered all your money because you wanted to spend all your cash on the absolutely least likely successful call. + +Buying ATM/ or close OTM (Next Strike) has a very real possibility of actually making you money. Those options might actually cause a price increase. + +If people who bought calls were stacked ATM near the current market price this could very easily start a gamma squeeze. Every seller doesn't want to get fucked so every single one of them is going to try to cover their own ass. + +Like if the options were something like + +* 135 - 15,000 +* 140 - 12,000 +* 145 - 20,000 +* 150 - 15,000 + +# SUDDENLY + +All of the call sellers become potential panic-buyers afraid of losing their Manhattan condo. + +Do you see the difference? Every time a strike is hit the next strike becomes almost destined to be hit. The amount of shares needed to cover those sold calls forces the price up if they're exercised and it's a mathimagical chain reaction. The important thing to look at is what is the volume of limit sells between the strike prices? if there isn't enough shares between strike prices that are within that price range it $135 going ITM makes not only $140 to go ITM but now suddenly $145 may become ITM and we haven't even dealt with $140 yet. Do you get it now? + +Don't come at with that bullshit like I'm a shill or bot either check my history I was posting DD pre-GME craze. + +If you think I'm wrong => cool. But don't downvote me because I'm trying to help you. I wish all of you the best and I hope GME goes to $1,000 and Biden legally classifies DFV as the first living deity in human history. + +&#x200B; + +EDIT: Yes I'm fully aware that you can buy far OTM calls and sell them later before expiration and realize gains if the price goes up. Day trading option traders are not the target audience of this piece so fuck off kindly. + +If you liked my post you can check profile for other shit I've written and also proof I was in on GME + +&#x200B; + +EDIT2: Not specifically advocating for it but 3/19 is the 'quad witching' day and that typically sees crazy option levels as I understand. + +&#x200B; + +EDIT3 on 3/8: Yeah so If you heard me out and bought a C150 or C160 You'd basically be ITM literally right now as of 3/8 before lunch. Have fun all. +It's finally happened today, when i logged into Personal Capital, our net worth was over $1mm. Markets haven't exactly been helping out, but we save 60% of our disposable income, and just keep stashing it away. Slow and steady wins the race. + +To put it into perspective: +household income: 220k +ages: 33 and 36 +asset breakdown: 1/3 home, 1/3 retirement funds, 1/3 personal brokerage accounts and cash + +Still halfway to go before we're FI, but when I graduated from college, did I think I would get here? Hell to the nah. + +Edit: We're both engineers. +https://agora.terra.money/t/terra-ecosystem-revival-plan/8701 + +So finally he broke the silence and he proposed in a forum discussion about his “recovery plan”. + +I am already highly skeptical with the blockchain being salvageable, but looking at this proposal it is very underwhelming. + +My opinions on this : + +1. The proposal assumes that luna and UST still has value. + +2. There doesn’t seem to be any actual fix to the protocol, this is basically just resetting the chain to a more convenient state. + +3. No mention on how to fix UST. I mean he said to push the fix later, but the counter argument is that the dynamics UST with LUNA is what defines terra, without that terra is just a PoS like avax or Polygon. + +Opinions? +Im curious to know if anyone on this subreddit has blown their accounts or taken major losses from selling options, or could some explain a situation in which major losses could occur, my option selling is going well and it seems the same for others, I am still somewhat new but it seems like high probability constant trades that keep your account growing at a steady pace. There are so many ways to profit based on how option payouts are set up, (kind of like insurance in that there are premiums) so truly what is the worst that can happen? +Question for those who are a little older and wiser than I. + +My goal would be to eventually retire early-ish and live off of dividend income. I am currently 24 with about 50K in the stock market. After doing some research on Realty Income, it seems like a no brainer. + +Am I missing something? + +My plan would be to throw 10K at it to start and then add $500 to it every month and have the dividends reinvested. If my calculations are accurate, in 30ish years I should be sitting on a pretty solid dividend income. Is my thinking way off here or is it that easy? + +EDIT: I am not going all in on this as some comments said. I’m adding an extra 10K and 500 a month to O. My 50k portfolio of stocks won’t be touched and I put roughly another $1,000 into stocks. Sorry for the poor wording but the 10k addition and 500 a month is ADDITION to my current portfolio. Not going 100% in O I’m not crazy haha +**TL;DR: JEPI seems like a fine fund during tamer markets, but there are some underlying risks that could wipe out the portfolio. You are investing a significant percentage into derivative instruments that mimic the return of covered calls.** + +There’s been a lot of buzz about these new JP Morgan funds but no real DD about what you are actually buying shares in. So, I went ahead and researched what you are actually buying, and here is what I found. + +# Source of Income - The ELN + +Let’s take a look at the [prospectus](https://doc.morningstar.com/docdetail.aspx?clientid=schwab&key=84b36f1bf3830e07&cusip=46641Q332) for JEPI. At first it seems simple enough, but there’s a specific line in the prospectus right on page 1: “In order to generate income, the Fund may invest up to 20% of its net assets in ELNs”. So we have our asset allocation: at least 80% in equities in stocks contained in S&P 500 (but not always), with up to 20% of the portfolio in ELNs. But what exactly is an ELN? + +ELNs are a derivative debt instrument that JP Morgan uses in this case to simulate the position of owning the S&P 500 + covered calls. You can read more about ELNs [here](https://www.investopedia.com/terms/e/equity-linkednote.asp), but I’m trying to keep things simple. The important thing to know is that there are additional risks that come with these ELNs, namely counterparty and credit risk. + +# So why does this mean anything? + +ELNs differ from the market in that they are basically debt that matches the return of a position in the market. There’s a specific entity that holds the other side of the debt, in this case “banks, broker-dealers, or their affiliates”. If they are unable to pay, the fund would lose out on likely the whole ELN position. Furthermore, credit downgrades of these entities could lower the value of the ELNs, which are already illiquid. The prospectus itself says “Should the prices of the underlying instruments move in an unexpected manner, the Fund may not achieve the anticipated benefits of an investment in an ELN, and may realize losses, which could be significant and could include the Fund’s entire principal investment”. + +So instead of getting actual stocks of companies, 20% of your investments could be going to derivatives from other financial players that depends on their ability to make payments. And in the case of a credit or liquidity crisis like in 2008, that could be a very bad thing. It could mean a further 20% haircut off your assets vs. what could already be a very bad market, *with no way of that 20% ever recovering*. +Let me start by saying Happy Thanksgiving! I was looking at TM, and it seems a good buy, yet I never hear about it as a dividend stock. It has an annual dividend of $4.90, 2.13 yield with a stock price currently at 184.81. It's up 31% over the year and 61% over last 5. TM has payed out a dividend the past 18 years, so it's not like they are new to dividends. + +What's your thoughts? In comparison, our beloved JnJ stock, $160 price currently, is up only 11% year, and 38% 5 years. It's annual dividend is $4.24. (I know different area of stock, just trying to show a comparison) +I just turned 18 and got my first part time job. I don’t have any expenses whatsoever, I spend about 100$ each month but that mostly eating out and Starbucks. My income is 400$ every two weeks. + +I plan to move out in 2 years or so and I don’t want my dad to co-sign anything. That means I’ll need a credit score. + +My plan was to get the BoFA secured card and take it out to Starbucks and buy a coffee then pay it off. + +Is this a good plan? Should I wait till I am more established in a general sense? +The SEC passed a rule effective tomorrow where activists can push for a board seat. They are now allowing a SHF to now buy a portion of a stock and then install their own board member to take out a company from within. Sound familiar? They're coming for us. We need to DRS faster + +Edit: +https://www.cnbc.com/video/2022/08/31/activist-investors-cheer-new-vote-splitting-sec-rule.html + +Downvoting hard eh? + +Edit2: So the reason why this is significant is because SHF no longer need majority vote to get someone installed. Take that however you want to interpret it but I see it as a bad thing. They can choose to bully 1 specific director/board member out and put in their own. MSM already has it out for Ryan, what if an activist decides to go head to head with Ryan? They can push for more "reporting" to Wall Street instead of Ryan's whole strategy of staying mum. This is something all GME investors should be aware of +There is no such thing as free lunch in any market and a BEAR market is no different! + +When the majority think that they KNOW where the market is going, + +It usually puts them right in their ass. + +So when I see everyone in the sub screaming that we are entering a BEAR market. It makes me feel at ease. + + +It’s when everyone is sure it’s going to go up (cough cough 100k by December) is when I am the most fearful! + + +Swim against the current my little fish ;) + +Anyway happy HOLDing/DCAing + +MY OPINION: we are in a LONG term bull market with short bear moments. + +64k in may. The low was 29k + +Higher high 69k + +Higher low… 34k? + +Y’all are packing your bags WAY TOO EARLY +They say 100-200 years ago people worked mostly on farms growing food and worked 10x7. Maybe even less, because for northern regions you can't do much during the winter, so for half a year you just sit on ass and do nothing. But ok, let's suppose that people worked 10x7. + +Since then the productivity grew 10-100 times. I don't know exact number so for the safety let's take the lower bound - x10 times. + +And yet, despite all that tremendous x10 productivity growth, we still have to work 8x5. Try work less - and you may not have enough money for day to day life. + +How is that possible? +Just sold 2/3 of my holdings. Bitcoin just paid off all my credit card debt. I can't tell you how good that feels. Thank you Satoshi and Thank you r/bitcoin. I'm still in the game and will be reinvesting as a can. TO THE MOON! +u/rflorant had a post recently about using a silver coin to represent each 100k saved for FI here https://www.reddit.com/r/financialindependence/comments/gw2qt9/the_freedom_chip_a_silver_dollar_representing/. It got me thinking again about milestones in general, and a way I’ve semi-consciously been categorizing it for myself. + +As this is a community passionate about tracking and understanding our expenses for obvious reasons, I find it leads to another way to set rough milestones. Take, for instance, food expenses. In my case, I spend about 250/month combined for groceries and eating out, so 3000 annually. Using a 3% assumed drawdown in retirement, that means 100k to replace food expenses. + +I’ve hit 100, that means food expenses are (theoretically) taken care of from now on! + +It’s something that is personally a way to get excited, crossing categories off a list one by one. Utilities and subscriptions are about 200/month? Another 80k has been saved, that’s another ongoing expense category that’s been checked off. Car insurance and gas? Call it another 80, so on so forth. + +What do other people think? Does anyone else check things off in a similar way, and if you have a different method than this or something like the freedom chip, what do you use? +The market wears people down. Most of the retailers in the market have been leaving crypto, for now. Last approximate 1.5 years a lot of hype was present and a lot of retailers joined the party for quick gains. Now that the market topped at the last all time high, and we have been in an accumulation range for a long period, most people looking for gold have given up. Or they have been liquidated. + +Throughout the, brief, history of bitcoin (and cryptocurrency in general) there have been multiple periods like the one we are in now. Historically, these periods were followed by new jumps of the market to new highs. + +If you are reading this, you haven't given up. Or at least you shouldn't. Be careful now with any trades you make. There are roughly three things you could do. Hodl and wait. Sell most, if not all, wait for a definitive bottom and buy in after confirmation. Or wait to buy in when upper resistance levels have cleared and the markets are in a bull run again. + +All of the above, I believe, will yield you good gains in coming 6-18 months. Not something I can guarantee obviously. But look at adoption, growth, technology emerging in the crypto industry. There is no doubt for me it will be used more than ever in the future. + +Stay calm. Be patient. Being here puts you in a favorable position in comparison with most. +https://imgur.com/a/TTc5Y6Z + + + +I have 10 months left on my lease. It's a 3/2.5 townhouse in Gilbert az and i pay 1600. There really is nothing similar for remotely close in price and i have a 5 year old and a 6 week old daughter and her mom is still recovering from a c section. I don't want to be a dick but i really don't want to move again we just did two months ago. They would have to make an offer i couldn't refuse + + +Update: i sent this offer last night https://imgur.com/a/06Gnhsc and haven’t heard back + +Update 2: owner offered original offer plus 5k three days ago. I said no thanks and haven’t heard back. +I might have found the next gem on the binance smart chain network. It has a great roadmap and 1000x potential. There’s a great dev team and marketing plan. + +[https://www.coingecko.com/en/coins/kittycake](https://www.coingecko.com/en/coins/kittycake) + +Introducing to you all- KittyCake Launched only last night, still so early with less than 3,000 holders. The ONLY cake reward token with a live working earning dashboard! pending Coingecko and CoinMarketCap listings 🚀 + +It’s rival BabyCake shot to $100m within week 1, that’s still roughly a 30x from here 🚀 + +The team has built an interactive dashboard on the website to allow users to monitor their $CAKE reward distributions! + +✅ How will the team increase the price? + +Explosive Marketing. From Poocoin Ads to promotions with huge influencers on multiple platforms. With a clear end goal, to reach a 1B market cap. + +$CAKE is automatically paid into the holders wallets at a crazy rate. 📈 + +Also they got audited by DessertSwap! We’re hugely bullish on this one to have an insane run over the coming weeks and fully recommend getting on board the KittyCake train. + +✅ Tokenomics ✅ + +🍰 12% Redistribution In CAKE + +12% of every buy/sell is taken and redistributed as CAKE to all holders. + +🧨Auto Paid Every 60 Minutes + +Automatically sent to your wallet every 60 minutes. + +🚀5% Marketing and Buyback + +To fuel Kitty’s world dominance and buyback in case of volatility. + +🌊3% Auto Liquidity Pool + +3% of every transaction is transformed into liquidity for Pancakeswap. + +It's automatic and helps create a price floor (stability). + +🐋Anti-Dump & 1% Sell Fee + +Sells are restricted to less than 0.1% of the total supply + extra 1% fee is applied to all sells. + +This will allow us to reduce swing-trading and break whales' control. + +🔐 Liquidity Secured By DxSale + +Liquidity will be locked with DXSALE for 1 year at launch + +🔥Social Media Links🔥 + +💎 Telegram: [https://t.me/kittycakebsc](https://t.me/kittycakebsc) + +🇨🇳 Chinese telegram: [https://t.me/kittycakechn](https://t.me/kittycakechn) + +💰Earnings dashboard: [https://kittycake.app/](https://kittycake.app/) + +❄️ Twitter: [https://twitter.com/kittycaketoken](https://twitter.com/kittycaketoken) +I've been planning a trip to Europe sometime next year, maybe February or March, and I thought it may be wise to exchange some dollars to euros ahead of time while the dollar is strong. I was wondering what the best way to do this is, other than stuffing euros under my mattress. + +Would it be investing in something like $FXE now and then selling at the time of travel, etc.? Thanks in advance for the replies/ideas! +There's actually no disagreement over whether book/plan removes shares from direct Cede/DTC ownership; they both do. Book shares are 'Pure DRS' directly in your name. Plan shares are book-entry entitlements recorded by CS. Both types of shares themselves are unavailable to brokers/DTC for lending or any other purpose. + +But, there IS a difference between book/plan, such that plan shares are placed back into the DTC system by CS for operational efficiency. + +https://preview.redd.it/u2pmmsesq45a1.jpg?width=680&format=pjpg&auto=webp&s=992c2a9a308a002e01d2b75f5a4e8fd301d778f2 + +Theoretically, if 100% Book DRS is achieved, there should be ZERO shares available within brokers/DTC's system. Whereas, if some amount of shares are in DSPP, then at least some portion of that is placed back into broker in DTC by CS. And as long as brokers have some amount of shares in their system/on their ledger, we have an idea the things they can do with them such a lending and using for 'reasonable locates'. + +Plan shares is the only way to hold fractional on CS and arguably necessary especially if you're purchasing direct from CS. But if the ultimate goal of DRS is to completely remove shares from circulating within the system, or to maximally reduce the amount of shares available, then it doesn't seem optimal to hold more than a remaining fractional share in DSPP. + +&#x200B; + +\*\*\* Edit/additional: + +If you decide book shares is right for you, please be mindful that only whole shares can be held in Book DRS form. +Got into NANO back in 2017, because it seemed like a great poject. "Nano - Digital money for the modern world" sounded quite good so I bought some. +I'm not gonna lie, the coin has been quite the blessing as I got in at around 15 cents. Still regret not selling when it was huge, tho. +The thing is, NANO is not really pursuing the directions that are hot right now and I think I could sell it for some better tokens. +With all that being said, I want to hear a solid debate about this coin. Is it still a sleeping giant or are its glory days gone? +Wishing everyone bad and good luck, with a higher percentage of good luck. +Earlier this week I saw a comment that got me thinking about the tremendous revenue that must be coming from the meme/digital trading that is going on. + +I mean this poster suggests they had a $12m tax bill ($35m+ of short term capital gains! + +[https://www.reddit.com/r/fatFIRE/comments/nx45ra/crypto\_allocation/h1ct7so?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/fatFIRE/comments/nx45ra/crypto_allocation/h1ct7so?utm_source=share&utm_medium=web2x&context=3) + +I have never paid more than half a million in taxes (not a trader, just W-2 stuff), but it got me thinking, there must have been some huge filings going on. + +So what are some big tax bill stories? +Seriously. This would simplify custom gaming computers for the masses. I know building a computer is easy. Its also expensive and so many dont want to mess with it and mess it up. Itd give relevance to their physical locations, on top of other plans they have that im sure will. +Pick your case. +Your rgb lights lol +Cpu +Gpu +All dat. +Can we interest you in a 144hz monitor to match that nvidia gtx XXXX? 100 off when you build a puter or buy all the parts here. + +The physical locations can double as online custom pc assembly fulfillmemt centers. +Make it a choice between 5%-10% off the whole order or free assembly if you order the entirety of your parts in one order. +[IN THIS POST I DESCRIBED HOW TO FIND THIS INFORMATION.](https://www.reddit.com/r/wallstreetbets/comments/l7fn7b/a_brief_introduction_to_understanding_short/) + +**HERE IS THE SHORTING AND BORROWING DATA FOR EVERY STOCK ABOVE 30% SHORTED.** + +*NOTE: THIS IS ENTIRELY BASED ON INFORMATION FROM THE WEBSITES LINKED IN THE PREVIOUS POST. IT COULD BE COMPLETELY WRONG AND/OR OUTDATED. I AM NOT A DENTIST. THIS IS NOT DENTAL ADVICE.* + +(DATA AS OF LIKE MIDNIGHT THURSDAY OR SOMETHING) + +* **STOCKS WITH HIGH SHORT FLOAT HAVE A HIGHER PERCENT OF SHARES SHORTED.** +* **SHORT RATIO IS THE RATIO BETWEEN SHORTED STOCKS AND AVERAGE VOLUME (IE DAYS TO COVER)** +* **STOCKS WITH HIGH BORROWING RATE ARE EXPENSIVE TO BORROW OVER TIME. DAILY COST = (STOCK PRICE)(BORROW RATE)(# of Shares)/365** + * **THIS DOES NOT INCLUDE INTEREST. BORROWING RATE CHANGES BASED ON VALUE, DEMAND, AND AVAILABLE INVENTORY** + * **BORROWING RATE CAN SHOW HOW TIGHT THE MARKET FOR THE STOCK IS, AND MAY BE A BETTER INDICATOR OF SHORT INTEREST** +* **AVAILABLE SHARES MEANS THE NUMBER OF SHARES AVAIBLE TO SHORT, NOT SHARES AVAILABLE TO BUY!** + +**BORROWING RATE CAN SHOW HOW TIGHT THE MARKET FOR THE STOCK IS, AND MAY BE A BETTER INDICATOR OF SHORT INTEREST** + +|Ticker|Float Short|Short Ratio (Days to cover)|Borrowing Rate (%)|Available shares| +|:-|:-|:-|:-|:-| +|GME|121|2.41|32.8|75000| +|ATUS|76|8.63|0.3|1000000| +|NAKD|75|0.17|22.5|400000| +|FUBO|75|2.04|0.6|1600000| +|XL|72|0.71|20.7|95000| +|GOEV|66|2.23|50.2|100| +|WB|66|6.55|0.4|450000| +|LGND|65|22.27|2.3|100000| +|BBBY|65|5.55|1.3|950000| +|FIZZ|62|15.81|1.9|75000| +|SPWR|57|5.19|1.4|350000| +|AMCX|56|11.18|1.8|800000| +|UTZ|55|4.29|0.5|1300000| +|MAC|52|10.75|9.8|2100000| +|SKT|52|13.29|5.6|20000| +|TLRY|51|1.22|18.8|650000| +|GSX|50|11.97|0.5|1700000| +|REV|48|1.83|45.2|100000| +|TDAC|47|0.78|2.7|200000| + +**STOCKS WITH A HIGH BORROW RATE FOR SHORT-SELLERS (ABOVE \~20%)** + +|Ticker|Float Short|Short Ratio|Borrowing Rate|Available shares| +|:-|:-|:-|:-|:-| +|VIVE|40|0.99|52.5|60000| +|GOEV|66|2.23|50.2|100| +|AYRO|34|0.51|45.3|400000| +|REV|48|1.83|45.2|100000| +|VXRT|34|3.26|38.4|750000| +|GME|121|2.41|32.8|75000| +|SENS|31|1.34|24.1|3000000| +|NAKD|75|0.17|22.5|400000| +|AMC|42|.59|21.9|1000000| +|XL|72|0.71|20.7|95000| +|RKT|37|3.73|20.2|550000| +|TLRY|51|1.22|18.8|650000| + +**STOCKS WITH A HIGH SHORT FLOAT (\~50%) AND HIGH BORROW RATE FOR SHORT-SELLERS (ABOVE \~20%)** + +|Ticker|Float Short|Short Ratio|Borrowing Rate|Available shares| +|:-|:-|:-|:-|:-| +|GME|121|2.41|32.8|75000| +|NAKD|75|0.17|22.5|400000| +|XL|72|0.71|20.7|95000| +|GOEV|66|2.23|50.2|100| +|TLRY|51|1.22|18.8|650000| +|REV|48|1.83|45.2|100000| + +*I AM NOT A FINANCIAL ADVISOR. THIS IS NOT FINANCIAL ADVICE. THIS IS FOR ENTERTAINMENT PURPOSES ONLY. I AM NOT A DENTIST. THIS IS NOT DENTAL ADVICE.* [ALL INFORMATION FROM WEBSITES DESCRIBED IN THIS POST.](https://www.reddit.com/r/wallstreetbets/comments/l7fn7b/a_brief_introduction_to_understanding_short/) + +&#x200B; + +**EDIT : LOW BORROWING RATE MEANS IT'S CHEAP TO STAY SHORT. SHORTS DON'T EXPIRE, THEY JUST RUN OUT OF MONEY TO BORROW WITH EVENTUALLY IF THE BORROW RATE IS TOO HIGH.** +The last \~year was the year of staking + decentralisation, multi asset + native assets and smart contracts for Cardano The first dapps are here and soon the FLOODGATES open. Here’s an overview of just some (!) of them + +[@ArdanaProject](https://twitter.com/ArdanaProject): Stablecoin ecosystem allowing you to produce and borrow dUSD, will have its own DEX + +[@liqwidfinance](https://twitter.com/liqwidfinance): Algorithmic + non-custodial interest rate protocol. Like Compound + +[@minswap](https://twitter.com/minswap): Decentralized exchange. Stable and multi-asset pools, and concentrated liquidity + +[@CardanoMaladex](https://twitter.com/CardanoMaladex): Research driven DEX based on the concept of programmable swaps, playing to Cardano’s eUTXO strengths. Indexes, synthetics, derivatives. Could only work on Cardano [@ADAFinance](https://twitter.com/ADAFinance): Dual-chain DeFi ecosystem for AVAX and ADA. Staking, farming, DAO, lending + +[@RayNetwork](https://twitter.com/RayNetwork): DeFi ecosystem with its own wallet, AMM DEX, fundraising, NFT minting solutions [@MELD\_labs](https://twitter.com/MELD_labs): MELD is the first DeFi, non-custodial, banking protocol. You can securely lend & borrow both crypto and fiat currencies + +[@ErgoDex](https://twitter.com/ErgoDex): Decentralised exchange that allows a quick, effortless and secure transfer of liquidity between the Ergo and Cardano networks. Live for Ergo + +[@Mirqur](https://twitter.com/mirqur): AMM DEX with range pools, portfolio pools, impermanent loss insurance. “Anarchic intent”, love to see it + +[@SundaeSwap](https://twitter.com/SundaeSwap) \-> watch out for this one, they're working directly with IOHK and coming very very soon to the mainnet: Front-runner in Cardano DEX race. Native, scalable decentralized exchange and automated liquidity provision protocol + +[@DeFIRE\_Fi](https://twitter.com/DeFIRE_Fi): Decentralised smart order routing engine, optimising trade execution across DEXes [@Charli3](https://twitter.com/charli3): Decentralised oracle native to Cardano + +[@VyFiOfficial](https://twitter.com/VyFiOfficial): DeFi ecosystem for yield farming, liquidity provision, and auto-harvesting in a hedge fund. NFT staking is live + +[@Milkomeda\_com](https://twitter.com/Milkomeda_com): Not technically a dapp but a side chain allowing EVM compatability (e.g. Solana) + +[@adahandle](https://twitter.com/adahandle): Custom wallet addresses for the Cardano blockchain + +8/[@paribus\_io](https://twitter.com/paribus_io): Cross-chain borrowing/lending protocol for NFTs, liquidity and synthetics [@GeniusyieldO](https://twitter.com/GeniusyieldO): Automated Yield optimizer, concentrated liquidity DEX with an AI-powered liquidity mgmt protocol + +[@AadaFinance](https://twitter.com/AadaFinance): Decentralized money mkt protocol for lending/borrowing crypto + +[@Indigo\_protocol](https://twitter.com/Indigo_protocol): Algorithmic synthetics protocol for on-chain price exposure to real-world assets [@SpinadaCash](https://twitter.com/SpinadaCash): Decentralised protocol for private transactions on Cardano + +[@OptimFi](https://twitter.com/OptimFi): Yield aggregator, suite of products designed to optimise yield generation in the ecosystem + +[@WorldMobileTeam](https://twitter.com/WorldMobileTeam): You can’t bank the unbanked without internet. WM is a mobile network deploying in Africa, for the people by the people and built on Cardano + +[@empowa\_io](https://twitter.com/empowa_io): RealFi property platform. Support real on-the-ground financed housing projects and earn a return + +project own smart contract based NFT marketplaces like [https://spacebudz.io/explore](https://spacebudz.io/explore) and [https://pxlz.org/explorer/](https://pxlz.org/explorer/) + +[@jpgstoreNFT](https://twitter.com/jpgstoreNFT): Slick-looking NFT market place with selective set of quality projects + +[@Tokhun\_io](https://twitter.com/Tokhun_io): Cardano NFT and native asset minting platform to mint, sell and trade NFTs [@CNFT\_IO](https://twitter.com/CNFT_IO): The largest Cardano NFT market place + +[@GenesisHouseIO](https://twitter.com/GenesisHouseIO): Cardano NFT marketplace that backs creators, like a digital art/auction house [@AdapixNFT](https://twitter.com/AdapixNFT): Fully decentralized NFT marketplace working with verified, select collections [@HashGuardians](https://twitter.com/HashGuardians): GameFi. 2D gaming metaverse with passive income & play-to-earn features + +[@nftmakerio](https://twitter.com/nftmakerio): Create, manage and sell Cardano NFTs + +[@CoinlinkFinance](https://twitter.com/CoinlinkFinance): Multichain yield farming platform that connects to Ethereum, Cardano, Polygon and BSC + +[@get\_revuto](https://twitter.com/get_revuto): Subscription management dap: save money by taking control over what, when, how to pay for subscriptions + +[@adax\_pro](https://twitter.com/adax_pro): Automated liquidity protocol with a slick layout and some cool features like social sentiment that could set it apart + +[@kicklaunchpad](https://twitter.com/kicklaunchpad): Cardano native launchpad + +[@seabugnft](https://twitter.com/seabugnft): Plutus Application Backend powered Cardano NFT marketplace + +[@occamDEX](https://twitter.com/occamDEX): Cardano native AMM-based DEX powered by a novel “slot-based execution core”. Hmm + +[@CornucopiasGame](https://twitter.com/CornucopiasGame): Play-to-earn blockchain based game based in the metaverse + +[@liqwidx](https://twitter.com/liqwidx): Interest-free borrowing protocol and stablecoin + +[@adaswapapp](https://twitter.com/adaswapapp) and [@adanftapp](https://twitter.com/adanftapp): Another AMM DEX and accompanying NFT dapp, looking to build out a DeFi ecosystem + +[@Kubecoin\_](https://twitter.com/Kubecoin_): Digital currency that aims to revolutionize the leisure and travel industries [@Ensuroproject](https://twitter.com/Ensuroproject): Aims to be the first decentralised, fully licensed insurer + +[@artano\_\_io](https://twitter.com/artano__io): NFT platform built for artists and collectors on Cardano. + +[@CardaxDEX](https://twitter.com/CardaxDEX): DEX, powered by the EAMM protocol, providing liquidity to Cardano native tokens [@ridotto\_io](https://twitter.com/ridotto_io): cross-chain gambling & lottery protocol. Focused on transparency, anonymity, security, and fairness + +[@FlicktoMedia](https://twitter.com/FlicktoMedia): Community Media Launchpad aiming to engage the community to sponsor and fund new media projects + +[@blockademia\_aci](https://twitter.com/blockademia_aci): “proof-of-truth” document verification. Publishers issue docs (diplomas/certificates etc), and end users check authenticity in app + +Source: cardano\_whale (twitter handle) + +EDIT: Cardano entered the smart contracts era mid-September 2021, all MAJOR DEXes are under audit by external parties cause devs care about people's money and want to avoid rug pulls seen on other chains. So, my current estimate is that all this will come in Q1 '22 and some might even drop earlier as Xmas/New Year presents :). +Final edit: I have debunked myself. Check out the [new post here](https://www.reddit.com/r/Superstonk/comments/nw7t2u/etoro_statistics_show_that_retail_owns_about_75/) with the updated information. TLDR is that retail owns 75 million share on April 15th and it's far more accurate. + +~~Quick little math here. Not sure how many of you here are on the live stream, but Atobitt talked on stream about how brokers can simply not submit your votes and pay a small fine. Nevertheless, let's take a quick look at the numbers.~~ + +~~GME reported 55 million votes this year.~~ + +~~The float is \~41million. We know Blackrock, and various other institutions~~ **~~are NOT voting this year because they are lending out their shares. If you lend out your shares, you lose your voting privilege.~~** ~~It seems unlikely the short-sellers plan on voting, as they know we want to see a high vote number.~~ + +**~~Edit 4: YES I AM AWARE THE PEOPLE WHO BOUGHT THE SHARES FROM SHORTED LENDED SHARES CAN VOTE. Those people are part of retail.~~** + +~~Etoro has stated that 63% of eligible GME shares have voted (Disappointing, I know).~~ + +[Non-reddit GME holders?](https://preview.redd.it/k9zjjn7j0b471.jpg?width=683&format=pjpg&auto=webp&s=d96c10baaf7eca0a0e7bfbffe69b5aae2fd2edcc) + +~~Etoro can be used as an accurate representation of what GME holders do in general, simply due to the sheer number of people on Etoro.~~ **~~This is because Etoro's large number of customers is an extremely good sample size for statistical significance.~~** ~~Statistical significance requires at least 100 people, Etoro has a few more GME shares than that.~~ + +~~If we assume only 63% of eligible voters voted, then the total number of shares is 88 million.~~ + +~~That's about 215% of the float. Even with all the fuckery, we still own it. Don't forget, this was back in April.~~ + +~~Buy. HODL. Buckle up.~~ + +~~Edit: Some slight word fixes for better clarification.~~ + +~~Edit 3: Further clarification for some smooth brains.~~ +Motherfuckers. I’ve figured it out. I’ve lost sleep over this but I’ve finally found the meaning behind Ryan Cohen’s encrypted tweet!!! Here's his tweet for all you ill-informed: [https://twitter.com/ryancohen/status/1364650709669601289](https://twitter.com/ryancohen/status/1364650709669601289) + +So first of all, we have to address the elephant in the room, or should I say the motherfucking FROG??? + +NANI??! Why a frog, you say? Well… what does a frog do? They jump up and down. What else jumps up and down? Yes… you motherfucking guessed it you dipshit + +**STONKS**. + +The fucking Mcdonalds logo confirms it. Just look at how the M is drawn... Let me give you a clue, motherfucker. IT GOES UP AND DOWN. + +And what sound does a frog make? YES. It’s **RIBBIT**. Now… what other word is a 6 letter word, and starts with R and ends with T??? YES. SAY IT LOUDER YOU MOTHERFUCKER. + +**REDDIT**. + +Our boi is sending us a message. He’s telling us to **HOLD** until we see **GREEN**. Green, you say?? Why in the heavens, so? Open your eyes, you colourblind motherfucker. What colour is the frog??? + +BUT WHAT ABOUT THE ICE CREAM I HEAR YOU SAY? + +Think about it. There’s only a certain time frame until the ice cream melts and becomes pointless. The ice cream represents us cashing out on GAMESTOP. What happens if we eat the ice cream? We get FAT, motherfuckers. FROM. THE. GAINZZ. + +BUT eating the ice cream isn’t without its problems. What happens if we cash out all our money too early??? What happens if we eat the ice cream too fast??? That’s right, ladies and gentlemen, and retards. + +We get BRAIN FREEZE. + +Cohen is warning us the shares for Gamestop will freeze, damn hedge funds will do anything to prevent this from rising, but Cohen is showing support by telling us to be patient. Motherfucker named his company Chewy cos he’s telling us to chew. **DON’T FUCKING SWALLOW IN ONE GO**. Savour every moment, motherfucker. Lick that ice cream slowly like it's DeepFuckingValue's humongous chad dick and you'll be good. + +Good luck, comrades. +Hi, + +Me and my partner are in our mid 30's, married with 2 small (preschool) kids, living in a HCOL city (non-US). + +Our NW is around $7M, mostly due to a recent IPO with lots of early stock. + +Our dream, and number one goal, is financial freedom. It's much more important for us than owning a house, for example. +This doesn't mean that we will retire immediately and never work again - but the availability of that option and the freedom it provides is what we are interested in. + +To that end, our plan is to create a portfolio that will generate passive income that will cover all of our expenses. + +Specifically, we want to allocate around $2.5M to several ETFs that pay out monthly - BST, DIVO, NUSI, JEPI, XYLD, RYLD & QYLD. + +Depending on the allocation of the ETFs, you can expect to get an annual yield between 7%-10%. + +We're shooting for a 8.5% annual yield, which will generate an income that is slightly above our current combined (post-tax) income (we're both in tech, so it's relatively high). +This should be enough for us to comfortably live on, especially keeping in mind that we will have more money saved and invested in other assets. + +The main pros that I see with this approach is that dividends seem to be consistent and reliable (including in bear markets), and that it requires minimal maintenance (dividends are paid out monthly, no need to sell anything). + +The main cons are giving up asset appreciation for monthly dividends (after a few decades the gap in value compared to say, S&P500, can be substantial), and the risk of these ETFs slashing their dividends for some reason. Also, we will be exposed to the exchange rate of our local currency vs USD. + + +I'd love to hear your thoughts about this plan. Is anyone else doing something similar? Am I missing something? +I have been looking at multiple subs for quite some time deciding where to post this. + +I am about to inherit 1-2 million dollars (based on sale price of real estate) and am for sure inheriting 600k in the next month based on real estate already sold. + +Don’t worry - I’m not counting my eggs before they hatch. But the $4mm price tag on the real estate listed is for land only. It is a very low chance that it is worth less than $2mm (half of list price) so I’m being conservative in my estimate. + +I am 32 and have a spouse and two children. + +We have 200k equity in our primary residence. + +Two paid off cars. + +500k lent out via hard money lending to an old business partner at 8-10% (3 diff mortgages) + +Two rental properties we paid cash for generating about $3000/month. + +Own those two properties outright, worth about 400k total. + +130k in retirement accounts. + +60k cash. + +Spouse is getting real estate license and we are hoping to take the 500k generating passive income right now & grow it by putting 25% down on commercial loans for multi family real estate. + +Neither of us currently have 9-5 jobs - we make it work with our passive income and spouse does side jobs. + +As for the $1-2 million, I had been planning on investing with a wealth management firm (that charges 1%) but have since researched and found a fee only advisor I may go with. + +The only parent I felt comfortable asking for advice about this stuff was the one who died landing me in the windfall position. + +I want to ensure I grow this money as much as possible for my children, my spouse and myself (I would like to create wonderful experiences for our family for many years). + +If you were in my position, what would you do first to ensure we reach fatFIRE status? + +Is it an ok plan to take 500k & invest in real estate, throw the rest in the stock market & sit it and forget it? +See title. I couldn't source it but the bedpost tale is not new, I read about it on Superstonk about three weeks ago. And now, the sub is absolutely flooded with it... Okay, Kenny is a neanderthal, move on. Is there some sort of DD that has been pushed to the bottom of all of the spam? +I see so many posts on here, mostly from new users that have under 2k and are just foaming at the mouth trying to comprehend which ticker to buy, some are from bots trying to make the foam a little more frothy. Either way, GME is what started all of this and will be the biggest. I really don’t understand all this AMC and NOK nonsense . I’m long on both tickers, but they’re just not the perfect storm that is GME + +It’s a war, not a battle. You buy your shares in GME now. It sucks you missed the runup to $50, it sucks you missed the runup to $100, and it really sucks to miss the runup to $300. But you know what will feel good? When you unload your shares onto Melvin’s backside + +GME 100 shares + +And if you came here from tiktok, don’t reply to this post + +Edit: HOLY FUCKING SHIT STOP REPLYING "IS IT TOO LATE" NO IT'S NOT TOO LATE. +BUY YOUR 1/10 FRACTION OF A SHARE AND HOLD UNTIL DEEPFUCKINGVALUE SELLS. +RIDE GME AND TAKE MONEY BACK FROM THE HEDGEFUNDS. WE WILL WIN. +He heats he’s never seen anything like it and the Chinese fucking love Costco + +All in bois, Earnings is gonna be a fucking overkill + +Edit: **Costco Wholesale Corporation is expected* to report earnings on 10/03/2019 after market close** + +Let's get them tendies extra fried bois + +Edit: thanks to u/notgonnanamewho for the info, apparently Costco employees are accumulating shares at a big pace +I tell people I am saving, etc, but no one knows how much I have, or that I max out my 401k, etc. Not my girlfriend, not my brothers and sisters, not my friends. + + +Who do you share your net worth with? +We're getting married and buying a house next year so I'm just curious how others manage their finances as a couple. + +When we moved in together, I moved into his flat that he already owned and so he has always dealt with bills and mortgage etc. I just transfer a set amount each month for my half. + +We split all other shared costs via monzo as we make them. + +When we move, we're thinking of getting a joint monzo account and paying in a set amount each month to pay bills from. We currently split most things 50/50 but some things my partner pays for alone (e.g. costs related to car or flat as he owns both). I know some friends share costs as a % of income and my partner makes quite a lot more money than me, but I will be paying less of the house deposit so if I also pay less for the mortgage I feel like my share of the house will be really small and I want to feel like I'm contributing. + +Obviously any decisions are for us to make together, but I'm interested in ideas from others as to how you manage money as a couple and if there's anything else we should be thinking about - for example are there any benefits of sharing savings accounts or credit cards + + +---- + +Edit: thank you all for the responses - so insightful to see how differently everyone approaches this and for some honesty in some of the answers about what can be challenging. After reading through, I sort of changed my thoughts about 'feeling like I'm contributing' and then discussed 3 options with my fiancé today (completely shared, 50/50 or the proportion of income) and we agreed the best one for us is to pay a % of our income into a joint account to cover all shared expenses (which are the majority of our outgoings each month), then save a % (continue in separate savings accounts but to be used towards the house and wedding) and then have a % leftover each to spend on ourselves. So he will have more personal money but I think that's fair as he earns more than me but I have a job that I find rewarding when I could easily switch industry to earn more money, but I choose not to. We will review and probably switch to completely shared in a few years when we start a family. +So my mother is remarrying after becoming widowed a few years ago. My father was quite wealthy and was the primary earner in the relationship. His total assets come up to around £5m in today's money. He left his assets to my mother in his will however always told me and my sister that if my mother remarried, he'd want her to take £1m for herself and then leave the rest to myself and my sister. + +His rationale was he wouldn't want this new man to benefit from his wealth and a lot of his wealth was inherited. + +Now my mother is reluctant to depart with the money for a number of personal reasons, none of which I hold against her and seems to think that in the event that they had a divorce or she died, he wouldn't be able to take any of that money. I'm less convinced. I'm not fussed about the money, but I would like to make sure my father's wishes are kept. What advice do you have for people in my situation? +Hi Fam, its me, Fam. + +There is something going on with GME and it may be **imminent** +This is my interpretation of GME thru wave counting/elliotwave. + +Refer to this image first : https://i.imgur.com/CR0OiQJ.jpg + +From a yearly point of view, we have accomplished wave 1(A) and wave 2(B) colored blue for those colored blind (idk how that works). We are in the mist of forming wave C. That will be interpreted in the following paragraph. From this standpoint, we have strong support level at 23.6 fib level (priced 142.79). It was actually broken, but that level was a *test* to see how far it will go down. It found support again (twice) on several different locations (weeks later) This is very important because the psychology of the market (investors) show a threshold and now pointing towards a bullish movement - even though we were consolidating. Now, per elliot wave analysis, Wave 3 is the **BIGGEST** wave of the 5 wave formation. It must past the high of 488.51 in order to be called a elliot wave 3 or C wave. There are several *mini* resistance levels we must past but as I am typing, we pushed past two of them. The next important level of all is Price $200 which is surprisingly at fib level 38.2. Thats a magic number for later. We can *predict where Wave 3 may end* and that number is 504 .34- 531.72. (math not included) + +Refer to image: https://i.imgur.com/cw86Lhx.jpg +This image basically tells me half time is over and the bell just rung. The pendant is forming or has already formed. Its a signal and confirms the psychoanalysis of market (retail investors and all) that there is a upward movement. However, there needs to be a stimulus or break out movement out. This image now focuses on our micro analysis of wave 3 (C). Wave 1 of wave C has completed and assumingly so, wave 2 (b) of bigger wave 3 is consolidating (pendant). Quick fib analysis: We find resistance at fib level 23.6 (priced at 169.26). Then again we have fib level 38.2 hovering around price 200 (remember this - important later down the road). If we want some kind of breakout, we need to close above 200, followed by some stimulus (upward movement factor). In addition, this pendant formed a higher lows but also lower highs (consolidation). + +On the daily, +* if we close above 169-170, thats a great start +* Then close above 200, price movement is building momentum for wave C - which should have the biggest momentum of all 5 waves +* Theoretically, it needs to close above 351.90 to confirm wave 3(C), but remember thats only the smaller version of Wave 3. + +If this happens, it can theoretically push bigger wave 5 to around 800 (depends on market volatility and demand) to XXXXs. + + TLDR: Wave 3's forming. There is a pressure on GME market and it may be bullish movement from now on. Consolidation may be done if it can close above micro support levels. + +Im not a financially literate to be a financial advisor, but just shooting blanks, i think. My mom told me I lost a chromosome when she was dividing me during meiosis (not mitosis per SFWsosa93) phase. + +EDIT: LOOK AT IT GO! ITS literally erection time. (40 mins past close) +Me and my SO may split up very soon, but we share a house together, have been combining our income for the past 6 months or so, and have some joint investments together in the form of bonds/shares. + + +How should I start planning if we do break up? We share 50% of the house each, this is my biggest concern. We aren’t married, do I just contact a solicitor and go from there? +I made quite a few hundred dollars in my first simulation in just one hour. All I knew then was to draw support and resistance lines. I didn’t know a single indicator. + +But now that I am too scared to go live, I can go on youtube and see all these videos - ten minutes long - two hours long - and are any of them even worth watching anymore? + +I see some videos showing off the indicators they use, I go into the comments and they’re all “wow, thanks!! I sucked completely at trading! This was the advice I’ve been looking for!!” + +I go into another video with different indicators and look at the comments: “wow, thanks!! I sucked completely at trading! This was the advice I’ve been looking for!!” + +I’ve seen some videos where the “advice” was that the difference between the experts and me is that the experts don’t use any indicators or draw any lines. + +My breaking point that made me want to make this post was that I viewed this subreddit and found this post titled “How NOT to Succeed at Day Trading - A Definitive Guide” and I found the bullet point “Do not study dead charts. Nothing can be learned from reviewing the past.” and I knew that it is a stupid idea to say that there is nothing to be learned + +… okay, I was wrong, my breaking point was that I was watching another video of this guy that was describing “major swing levels” and he was basically just making support and resistance lines, but instead of lines he was making points where things went strongly in one direction instead of zig-zagging line the usual support/resistance lines. That was my breaking point because I realized I was about to watch a 40 minute video that basically teaches me how to do what I already learned except the difference between what I know and the video is instead of holding onto a position for a few minutes, I’d have to hold onto it for onwards of an hour in most of the points he demonstrated. + +It frustrates me for two reasons. First, I get that it’s just a completely different strategy, but if I don’t need a new strategy, I just need to not be afraid to go live, then why do I have to keep learning? Is it really so bad to just say “I’ve learned all I need to”? + +Second reason why I got frustrated is honestly kinda petty and does not really apply to the entirety of the post, I just felt it should also be pointed out since I am debating how much learning needs to be done. I realized how nuanced looking at dead charts is, and how maybe it really isn’t that helpful… at least in those youtube videos. I know there is not a strategy that is 100% successful, and I’m pretty certain they wouldn’t post a video of their “stunning perfect new strategy” if the chart they used for their demonstration did not show one of their strategy’s successes +There has been a ton of discussion about the standstill agreement over the past year and how that has been handcuffing RC. Now once it’s expired, it has been argued that RC will be free to ride in on a white horse, start telling everyone off including the SEC and the hedge funds and buy up all the shares of GME that he can. + +That is not realistic and does not make sense if you were RC. I know you want a MOASS trigger, but if you were RC, you wouldn’t either. More importantly, it will be a good thing for the approach to continue as it has - the progress that has been made and the future that is unfolding is phenomenal. + +Gag Order + +“RC can’t say anything because of the gag order in the standstill”. Not true, the restrictions in the standstill all relate to voting powers, control of voting shares and colluding with other voters. Not only that, but it goes against what Ryan Cohen himself said! They will be playing this tight to their chest. Judge us by our actions and not our words (or lack thereof). + +Acquiring More Shares + +First off, it’s important to note that the restriction is that RC can’t acquire more than 19.9% of the company. Had he wanted to, he could have already purchased more to get to the 19.9% stake or closer to it. He didn’t. + +Due to his role as chairman of the Board, RC has knowledge of material nonpublic information and as a result cannot trade his securities until such information is made public or no longer material. Otherwise he would be in violation of insider trading laws. This is why public companies have blackout periods where their employees can’t trade shares. Given how GME hasn’t press released much but we know a lot is in the works, until all material information is made public (whether in a quarterly report or press releases or otherwise), RC won’t be buying more shares. + +Liability + +It’s easy to accept that, in the event of a MOASS, retail investors will be blamed for their greed that caused the fall of the financial system as you know it. The thing is, retail investors is a single person or group that can be specifically vilified. If you choose, you will be able to continue to walk in anonymity following MOASS and you won’t get in legal trouble for simply selling your shares at the then accepted price (even if it’s in the millions, because it’s a marketplace and if you’re a willing seller to a willing buyer, that’s fine). + +What happens if RC starts a roadshow to attack the hedge funds that shorted GME? What happens if he buys a bunch of shares and that triggers the squeeze? Now you have a single pain point that regulators, lawmakers, competitors and institutions/banks/hedge funds can go after as the cause of a financial crisis. + +Now ask why you need the standstill lifting to mean something? + +Patience is tough. Especially in a situation like this. For me, I’ve purchased GME on the basis of an investment thesis that focuses on the future of the company led by a visionary who has demonstrated success if focusing on customer first and the team that he put together. And the shorts haven’t closed. Neither of those have changed, so I’m zen to have RC, MF and team continue to move towards revolutionizing their industry. + +TL; DR I don’t think the expiry of the standstill period will make any difference to how RC, the board and GME management is conducting business. For me, I expect the expiry to come and go with no change whatsoever. And that’s a good thing. + +Buy, hold, DRS. If you know how to trade options properly and have the financial capability to do so, then you do you boo. NFA +As the title says really. 3 months ago my Monzo account was locked out of the blue, I couldnt use my card or make transfers on the app. Reading reviews from other people in the same situation on TrustPilot this is something they do quite regularly and was most likely triggered by a couple of largeish transfers going in and out of my account. + +&#x200B; + +A few days ago I got kicked out of the app completely, I try to login and it doesn't even recognise my details any more, and the money has still not turned up to the new bank account details I gave them. + +&#x200B; + +I do understand how this process works, that they can't tell me anything because it is a tipping off offence. But my question is: is there any legal timeframe on this before they have to give it back? What is stopping them from holding the cash for 10 years and just continuing to tell me that they can't tell me anything? + +&#x200B; + +They have also not responded to my subject access request within the designated 30 day legal limit. What is my best course of further action for this? + +&#x200B; + +Thanks +I was once an active poster on GME and then on superstonk, then I hit zen mode and stopped posting. + +Here I am posting again for the first time in maybe 6 months and all I have to say is.... + +Look at Ryan Cohen's tweets... + +BCG is important and we should ignore any distractions. + +Ryan and the GameStop board have everything under control in terms of the stocks value so we don't need to worry about that. + +I'm a simple crayon eating smooth brained ape but I just have an almerciful feeling that BCG is the most important thing for this sub to be focused on right now. + +Ryan is practically screaming at the apes to not get distracted by the price. + +Edit: Ryan wants us to find something that we have not found yet, he ignored the price plummeting but continues to mention BCG, all while knowing superstonk will dig into his tweets. +Anyone looking at the latest AMZN financial report is, in my opinion, missing the most important change in AMZN's income distribution. For the first time ever, income from services (~$60 billion) has overtaken income from products (~$56.5 billion). + +Services (which includes AWS, advertisement, Prime Video and other) are far more profitable in the long run and are all growing at double digits Y/Y. AWS alone is still growing at 37% Y/Y, with a gross margin of 35%, compared to a loss for physical product sales. + +At the current trend of growth, AWS sales will be half of online product sales by 2026 (or, if product sales completely stagnate and AWS continues the current growth, then AWS will be the largest source of income by 2026). + +https://imgur.com/a/YAXoNqj + +So, if you're outlook is long term, AMZN will be fine, and will likely do even better once it transitions more into services. +So often times I see a DD mentioned on the sub or I see an interesting stock that I want to get in on but then if you check the weekly chart you would see its already up 100% for the week does that tell you its too late** EVEN if you are in it for the long term?** + +I understand if you are in it for the short term to day/swing trade it yeah your probably late, but for those who believe in a company and in it for long term, do you usually wait for it to consolidate before going in or you go in even if its up 100, 200, 300 etc... My only thing is, if you are investing in a company long term, the dips are going to happen regardless, so time in the market beats timing the market but at the same time usually these pennystocks are not the same as the NYSE stocks so being up 100%+ in a week is actually very real so I guess even if I investing long term, I should still wait for a dip and then for it to create a new floor yeah? +I know things look rough in our community. Mania has turned into tribalism. Bitcoin is down more than 30% off it's all time high and may go down even more. Here's a little story about why I still believe and will always believe in crypto. + +I was 25 when the 2007-2008 financial crisis hit. I had a great thing going. Married the woman of my dreams and was about to have a kid. Well the insurance brokerage I worked for went belly up. I was staring unemployment in the face with a kid on the way. I was scared. + +I was also pissed off. The snakes that put us normal folks out of work were getting bailed out. Where the fuck was my bail out? Things got so bad for us that we lost our house. Had to move in with our folks. I felt like a loser. I had panic attacks. It got so bad that I was hospitalized for a week. I went to therapy and my therapist said one thing to me that changed my life forever: "You don’t know who you are until you face and survive hard times” + +So what did I do? I hustled, man. I worked 3 jobs; fixing computers for old ladies, landscaping, food service, anything I could find. Finally landed a good entry level gig in healthcare and worked my way up over the last 12 years. Well guess what? I lost my job this year because covid crushed the industry I was in. This time around I wasn't even stressed. I lived everyday over the last 12 years like I'd lose my job tomorrow. I found work in 3 days. I didn't take a dime of unemployment. + +I got into crypto in 2016. I've made money, I've gotten rekt but one thing is for certain I never stopped believing. Even if crypto doesn't become the financial standard for humanity in my lifetime I continue to study, invest, discuss with anyone that will listen so that hopefully my kids can live in a world where hedge fund managers don't determine that outcomes of their lives. + +If you weren’t prepared for this dip, mentally or financially then take a minute to reflect. Who are you now? Who do you want to become? Staring a charts all day isn’t going to fix anything. Take a break. Focus on something else for a minute. Money is a conduit to accomplish goals, not the goal. + +Anyways be smart out there. Things will get better. Crypto is not going away. We've survived worse. + +Edit: appreciate the love guys. Honestly just felt compelled to share. I wish someone would have spoken to me like this and I guess the internet is a good place to be vulnerable sometimes. +In February 2016 I did the ticket to work program had a semi part time job. Fast forward to this past summer, I recieved a letter for social security stating that I earned 72.00 too much and that my benefits should have stopped right away but because the Government is back logged no one caught the error until now. +I made an appeal but lost and now have to repay the 28k. I'm unable to work as my illness has gotten progressively worse and even if my next appeal is approved, they will just keep my monthly check and put it towards the overpayment. +Has anyone here had this issue and if so what did you do? + + +Hello everyone. + +I have made many mistakes, but now I just wanted to ask for some input... + +I’m in on $LCID. 1200 shares at 40 average cost. I have enough money to bring down my average cost to $28 (if I buy at the current price). I’m not sure if that’s a bright idea or not. This is currently my only investment. I hear a lot. Don’t put all your eggs in one biggest, but I feel like I’ll be waiting forever to at least break even with a $40 average. Bringing it down and selling covered calls closer to $28 will be worth the premium, and I could get out sooner. But I also understand if it keeps dropping, I’ll dig myself into a giant hole. + + +Two things will happen this week, lucid motor has earnings on August 3. So it’s going to be very volatile, there might be good news, and it still drops. I’m willing to buy if it falls under $13 ( buying in the 13s will drop my average to the low 20s). And if it goes up on earnings, I’m not planning to average up and have hopes premium goes high, so I can sell some covered calls and try to get back as much. + + +Overall, I feel the company has great potential; they have really started producing cars. And they are expanding their factory and Arizona, So I don’t know how I feel overall about this investment; I want my money back and re-buy with a better average +Sorry for the really basic question, but I could use some guidance. I really want to start selling weekly/biweekly iron condors because of the accelerated theta decay. Anyone who does credit spreads, what is your short delta typically? Is it static across the board or do you base it on an indicator/support and resistance? + +I know the TT recommendation is typically one SD, so approximately 16-Delta for any sold option. Does anyone do it closer, like 20? Or use Bollinger Bands or Keltner Channels as guides? I like the idea of Keltner channels or Bollinger Bands at 3x the spread from the mean as that will be pretty safe, but the premium stinks. If you go to a weekly or monthly chart and sell say 30DTE at only 2X the mean you get more premium but slower returns and I was hoping to do this a bit more regularly. + +Anyone have any guidance? I am thinking I want to use this as a consistent income producer while I reserve about 25-30% of my account for directionally biased long or short trades. + +Thank you. +Selling options is a concave strategy. If there's an extreme price movement, you can go bust, and extreme movements happen all the time. + +Is it a good idea to buy a long term put when selling puts and a long term call when selling calls? +I've worked for a large company for a lot of years and have been awarded shares which I have just held on to. I have around 1000 shares. The price has been between about 145 and 165 for a long time without too much fast movement. I expect it to keep gradually going up, but I don't anticipate rapid gains (rapid drops do sometimes happen, like when earnings are missed or something) + +I really don't want to sell my shares. I just want to keep them for a long time (for the dividend, the appreciation, and to avoid taxes). But it seems like I could make decent money by repeatedly selling CCs that are close to expiration and out of the money by $5 -$8 or so per share (ie a week out, unlikely to move that much in a week). I know the premiums will be lower for those calls, but again, my primary goal is to hang on to the stock. + +I guess my questions are, if the share price does start to move up, how can I keep from having my shares sold? I have heard of rolling, but don't understand it. Will that for sure allow me to hold on to the shares (perhaps losing some money in the process if the stock continues to rise)? Also, I read that if I do get exercised, I could just begin selling puts until I get exercised on that, and then I'd have the shares back. But that seems like it would cause a big tax problem, wouldn't it? Also, I have both eTrade and Robinhood, is one better than the other for doing this? (Like maybe Robinhood doesn't have the fees or something?) + +Thanks for the help. +New to options and trying to figure out some good strategy’s, I like CC and CSP but I’m not to sure about PMCC. So I’m just wondering whats your opinion on PMCC? +Sold a SOXL put at $15 + +Ended up getting assigned and now holding 100 shares at $13.85 + +1. Did I make $115 or did I just lower my entry point and own shares at a lower price? Also, why would I not just have 100 shares at $15 and pocket $115 in premium? +2. If I didn't get assigned, would I have pocketed $115? +3. If I sold a CC at $15 and it gets called away, would I make the premium + $115? + +Thank you. +Seems like I always see articles stressing you need at least 2 million or some other super high arbitrary number to consider comfortable retirement. With the things I've learned on this sub, seems like with a cool 400k, you could comfortably sell options on something like Google or Amazon and make a safe 10k a month easily. I know everyone's lifestyles are different and when most people say those huge numbers they're not talking about really managing the money, but just wondering your thoughts. + +Any of you have a set nest egg magic number where work is no longer required? +About a month ago this sub started to have more threads and comments about people not making as much on premiums, and starting to lose money on their positions, etc. At that time I noticed two types of posters that I will generally bucketize as 1) people that had been trading for years/decades and have lots of experience and 2) people that started within the past year. + +I made a post suggesting that people should lighten up on their positions: [https://www.reddit.com/r/thetagang/comments/mhz3n5/its\_ok\_to\_be\_light\_on\_positions\_right\_now\_in\_fact/](https://www.reddit.com/r/thetagang/comments/mhz3n5/its_ok_to_be_light_on_positions_right_now_in_fact/) + +The loss porn posts continue to pile in and I continue to see comments like "everyone is getting killed." + +One of the biggest advantages of selling options is that you don't need to have a completely bullish portfolio like buy and holders. And you can be much more nimble about the way that you manage your exposure. + +I haven't made anywhere close to as much money over the past month as I did in the year before it, but I've had mostly green days over the past month because I have reduced my exposure and positions during a time that it made sense to do so. Everyone is in the driver's seat of their own portfolio. You can learn from experiences like this, or you can keep doing the same thing over and over, or even double down. It's up to you. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +My brain is stuck in a rut... +I can't figure out if selling covered calls is more efficient then just buying and holding stock? +Can someone provide some insight on which strategy is actually more superior? +Being in a bear market, what stocks or ETFs are you trading these days? ANy stocks or ETFs you are bullish on? Not asking for advice but curious to see what everyone's play is. +Hope you don’t think I’m too stupid asking this, I was curious on some high IV stocks like $GME, $AMC and $TSLA, that selling very very deep out of the money put options with a far out expiration the premium collected on them is showing more than you can lose if it goes to zero? Why or how is that possible? Thank you and hope everyone is having a good weekend +I'll keep this sort. I run a very small t\-shirt business and a few of my shirts contain the word bitcoin. Today I received a cease and desist [letter](https://imgur.com/a/JTBZKui) claiming I'm breaking their trademark for the use of the word "BITCOIN", I didn't believe it at first since I knew that bitcoin and the bitcoin logo are public domain, and even a similar trademark application in the US failed. Well turns out a they did manage to get a trademark filed, it can be viewed [here](https://trademarks.ipo.gov.uk/ipo-tmcase/page/Results/1/UK00003279106). So basically anyone in the UK that puts the word bitcoin on any type of clothing or even a drink, can be sued. + +I'm posting this in the hopes someone knows the trademark laws better than me. I believe a trademark invalidation can be filed to get this removed since bitcoin is somewhat a generic term and therefore should be free for everyone to use. If anyone has the know how to file a invalidation please do so \- [https://www.gov.uk/government/publications/trade\-marks\-invalidation](https://www.gov.uk/government/publications/trade-marks-invalidation) +I’m a food and bev employee and to be honest I wasn’t making much. However I just hopped from $14-$17 an hour because the industry is so volatile right now. I hope I can finally save some money because working just to pay rent and buy groceries has been unbelievably disheartening. So as of now I have -$30 in my account (and I’ll have to deal with the $30 fee thanks Wells Fargo)— but I’m going to try my hardest to get out of this financial mess and I’m sure you all will be able to as well! Cheers and happy holidays +[u/DeepFuckingValue](https://www.reddit.com/u/DeepFuckingValue/) has gained a lot of popularity for his incredible ROI this year. + +Many people wait for his famous "YOLO UPDATE" that he posts every now and then. + +We all look at them and we can only dream of having such returns, having so much money, who wouldn't? + +We all look and wonder if we'll ever make so much money in our lives, probably not, we think to ourselves. + +But DFV was just a regular user of Reddit two years ago. + +He was convinced of his ideas, had some cash, and fell in love with this company, as we all have. + +Sure, he bought in at a much lower price, but that's not really what sets this man apart from most of us. + +One of the secrets to his success was... his diamond hands and balls. + +He was ridiculed for such a "stupid" investment - who would yolo his money in a "failing brick and mortar company"? + +He was subjected to FUD daily, he lived through some horrible earnings reports, and yet + +he **held.** + +He held because when a strong man/woman is convinced of his ideas nothing can distract him - nothing can destroy him. + +And that is what I also want to be. That is what I am going to be. + +I believe in my ideas. I believe in myself. I know why I'm here today. + +I won't let myself down just because I see some red days (or green days!). + +No matter how things will turn out to be. No matter how red a day / week / month will be. + +I will **hold.** + +&#x200B; + +*Edit: This is not just about GME, this is a general discussion* + +*Edit II: Guys I'm not saying that diamond handing was all there is to DFV's success. Of course his extraordinary DD and his education did most of the work, but that doesn't mean that it was easy to hold through the tough times. What I'm trying to tell you is that his conviction and determination should be taken as an example* + +*Edit II: Wow thank you guys for all the awards, glad you enjoyed!* +Can someone explain to me how real estate developers add value? Can’t a construction company just run the entire development without a developer? + +I’m trying to understand the difference between a real estate developer and construction company. It almost seems like a developer is redundant. + +Thank you. +I imagine things are different for each state, but I wonder if anyone knows in general, and then specifically for Delaware - if I buy a house without an agent, does the sellers agent get the full commission or does the sellers agent get half and the actual seller gets to keep more of the purchase price? +I have dipped my toes in real estate for the first time this year, coming from the world of securities and derivatives, and I've noticed that people in this community consider cash flow to be absolutely paramount, often conflating it with profit. + +I feel like this is myopic in some ways, a lot of folks would not even consider touching a property with negative cash flow. + +Let's say, for sake of argument, I bought a $500,000 home in an appreciating neighborhood in a stable, top-tier city like NY or L.A. Carrying costs come out to $2000 / mo. and I am renting it for $1,600. + +Yes I'm contributing \~$400 / mo. in cash but my tentant is paying me \~$700 mo. in equity out the gate. That is ($700 - $400) \* 12 or $3,600 per year in profit -- 3.6% return on 20% down payment, on top of all my potential for capital appreciation. This seems like a solid investment! What am I missing? +Hey Guys + +I have been crunching numbers for an apartment building I maybe interested in but the numbers are just not making sense if its actually a good deal + +Price $1.5 million + +16 units + +Built in 1968 + +Here is the updated docs I got from the realtor + +Collected Rents = [https://www.dropbox.com/s/6mv28798ik1arp4/Screen%20Shot%202020-11-27%20at%2011.49.22%20PM.png?dl=0](https://www.dropbox.com/s/6mv28798ik1arp4/Screen%20Shot%202020-11-27%20at%2011.49.22%20PM.png?dl=0) + +P/L = [https://www.dropbox.com/s/bfgkrmfde92xbtd/untitled-3%20copy.jpg?dl=0](https://www.dropbox.com/s/bfgkrmfde92xbtd/untitled-3%20copy.jpg?dl=0) + +&#x200B; + +Do these numbers make sense? I feel like the property is overpriced. Thank you + +&#x200B; + +&#x200B; +Is it a possibility for apartment building owners to sell apartments that they normally rent, given the price is right? + +I really love apartment living right now but I want to own not rent, and I’m wondering if legally an apartment owner could sell an apartment to me, or do zoning laws restrict that? Im referring to an apt in a large scale complex. I guess it’d be like converting an apartment to a condo or something. +I'm planning to have exposure to US equity markets, and so far have narrowed down to direct investment or through mutual funds like Motilal Oswal Nasdaq 100. However I'm not sure if I would be exposed to currency risks by investing in mutual funds who invest in US markets. I'm planning to invest for long term (20 years minimum) and I need to plan on the investing method based on if I would be exposed to currency risks. + +Thanks! + +On side note : Does anyone have experience of investing through Interactive Brokers ? + +Edit : There seems to be some confusion so I'll give an example. + +Investing through FoF : Say I invest ₹7500 in Motilal N100 in 2021, and after five years NASDAQ has doubled giving 100% absolute returns. Meanwhile dollar has appreciated to Rs 90 from Rs 75. +So what would be my mutual fund investment value in such case ? +₹15000 or ₹18000. + + +Edit 2 : Its seems my wording was a bit wrong with calling it a currency risk. I'm just looking to use the USDINR appreciation to my advantage in my long term international portfolio. +Edit 2: Thank you everyone for your help. Within 45 minutes of RBI sending instructions mails to the concerned bank, the bank authorities asked the account number, date of transaction and PAN id. Although I didn't see the message yesterday as it was in my spam folder. Today after noticing their response I sent them all the necessary documents and within 30 minutes they send me the certificate! +Edit: I emailed RBI today regarding the issue. Since I was unsure whether my parents' email id was provided or not, and if given which one is as my parents can not tell for sure, I sent a general email only providing the branch name and amount and date. Within an hour RBI sent an email to the concerned bank with me as CC. Let's see what the bank authorities reply. Thank you, everybody, for helping out. + +My parents bought SGB from a small finance bank in August. The bank authorities have not provided any received or certificate. I checked the RBI website, where it's mentioned that bank authorities are supposed to give a receipt in the form of a FormB. But my parents haven't received any such! Since then, they've asked the bank when they will get the certificate, which the bank manager keeps saying we will get! The only proof my parents have is their passbook where it is showing a debit corresponding to SGB. Please let me know whether they don't have anything to worry about and how we can get the certificate asap. Thank you. +https://youtu.be/smvvTw5GhyM + +saw this video in which this guys buys a house and then refurbishes it making it value go up. then he gets it revaluated by the bank making the loan price go up and he gets paid the difference. does this work with indian banks? and what's the process? + +* What insurance plans are you enrolled in, currently? +* What insurance plan did you cancel, and why? +* Is your insurance company prompt in addressing claims? What is the time taken to process a claim, in your case? + + +You can ask for a general review of a particular product or service that you are researching - "Is Acme insurance company good?" or "Is Acme term life insurance claims ratio as good as they say?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ke padosi ka beta, and I need a plan for my papa, mummy, biwi aur bacche."), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. +Edit 2: Thank you everyone for your help. Within 45 minutes of RBI sending instructions mails to the concerned bank, the bank authorities asked the account number, date of transaction and PAN id. Although I didn't see the message yesterday as it was in my spam folder. Today after noticing their response I sent them all the necessary documents and within 30 minutes they send me the certificate! +Edit: I emailed RBI today regarding the issue. Since I was unsure whether my parents' email id was provided or not, and if given which one is as my parents can not tell for sure, I sent a general email only providing the branch name and amount and date. Within an hour RBI sent an email to the concerned bank with me as CC. Let's see what the bank authorities reply. Thank you, everybody, for helping out. + +My parents bought SGB from a small finance bank in August. The bank authorities have not provided any received or certificate. I checked the RBI website, where it's mentioned that bank authorities are supposed to give a receipt in the form of a FormB. But my parents haven't received any such! Since then, they've asked the bank when they will get the certificate, which the bank manager keeps saying we will get! The only proof my parents have is their passbook where it is showing a debit corresponding to SGB. Please let me know whether they don't have anything to worry about and how we can get the certificate asap. Thank you. +- Real estate rental yields are hovering at 3-4%, And there's also a chance that your property value can appreciate as well. + +- Fixed deposits - Some are giving as much as 6-8% P.A. which definitely seems better than real estate. + +- Index funds - with the fed raising rates and the rapid rise of markets in the 2020 scenario - a correction has already happened in markets. But There's also a chance that the overall market can dip into a recession making index funds a pretty risky bet at this current economic climate. + +Out of all the above options, it seems FD is giving the best guaranteed returns. Thoughts? Real estate - i honestly don't understand it much - any one who is deeply involved it is welcome to share their knowledge with us all. +I just read about this investing method where one buys good quality shares and keeps those as is for long term consistent growth. +Which shares would you consider to keep as part of a long term portfolio? +RIL’s swap offer wipes out 50% value in Reliance Retail shares. + +Shares of Reliance Retail plunged around 50 per cent in the unlisted market on Thursday, a day after Reliance Industries proposed a share swap scheme for shareholders of its retail venture. + +The country’s biggest firm by market valuation on December 25 proposed a swap ratio of 4:1, which implied investors can get one share of RIL for every four shares held in Reliance Retail. + +A lot of retail investors lost over half their money as Reliance Retail was trading at Rs 850-900 till a few days back. + +[et](https://economictimes.indiatimes.com/markets/stocks/news/rils-swap-offer-wipes-out-50-value-in-reliance-retail-shares/articleshow/72980824.cms) +Looking for inputs purely from financial perspective. If one has ability to buy property with 100% cash payment, does it still make sense to take home loan? Unless I'm missing something (haven't crunched any numbers, just thinking), it is much more profitable to take home loan and pay EMI and invest the cash in a well balance portfolio throw STP & SWP. Consider home loan interest 9% and equity portfolio return at 12%. Over 20 years the investment will outperform Principal+Interest outgo. I'm not even accounting tax savings on EMI. Any thoughts? +I am reading about expense ratio and trying to understand them. However I dont think I understand how and when it is charged and how do I calculate it to check how much I have lost to it. + +Let's assume I have invested in a mutual fund with 2% Expense ratio. + +I started the SIP for 2000 from Jan, 2018. I am planning to invest in this MF for 5 years. How do I calculate how much will I lose to expense ratio ? Is 2% charged every year on the total invested amount ? + +2% will be charged on 24,000 in the first year, and then 2% will be charged on 48,000 second year ? +Hello everyone, + +&#x200B; + +Here is a list of biotech penny stocks with FDA events scheduled for this quarter. Some of these catalysts are occurring next week. Hoping this sparks some good discussions and weekend DD. + +&#x200B; + +FYI this data comes straight from here: [https://www.biopharmcatalyst.com/calendars/fda-calendar](https://www.biopharmcatalyst.com/calendars/fda-calendar) + +&#x200B; + +Cheers. + +&#x200B; + +**Under $2** + +|**Company**|Company Summary|Drug|Treats|Catalyst| +|:-|:-|:-|:-|:-| +|Diffusion Pharmaceuticals, Inc. (**DFFN**)|Diffusion Pharmaceuticals, Inc. is a clinical stage company, which engages in the development of treatment for life threatening conditions.|Trans Sodium Crocetinate (TSC) |COVID-19|1a/b data| +|Histogen, Inc (**HSTO**)|Histogen, Inc. is a clinical-stage therapeutics company, which focuses on developing potential first-in-class restorative therapeutics that ignite the body's natural process to repair and maintain healthy biological function.|HST 001|Androgenic Alopecia|Phase 1b/2 top-line data released December 1, 2020. Primary endpoint not met. Final data due 1Q 2021.| +|Regulus Therapeutics (**RGLS**)|Regulus Therapeutics Inc. Common Stock, also called Regulus Therapeutics, is a biopharmaceutical company, which engages in the discovery and development of drugs targeting microRNAs.|RGLS4326 |Autosomal dominant polycystic kidney disease (ADPKD)|Phase 1 data from the first cohort due 1Q 2021.| +|AzurRx BioPharma (**AZRX**)|AzurRx BioPharma, Inc. engages in the research and development of non-systemic biologics for the treatment of patients with gastrointestinal disorders.|MS1819 - OPTION 2|Cystic fibrosis|Phase 2b top line data due in 1Q 2021.| +|Entera Bio (**ENTX**)|Entera Bio Ltd. Ordinary Shares, also called Entera Bio, is a clinical-stage biopharmaceutical company, which focuses on the development and commercialization of orally delivered large molecule therapeutics.|EB613|Osteoporosis|Phase 2 interim biomarker data due 1Q 2021 with final data due 2Q 2021.| +|Kintara Therapeutics (**KTRA**)|Kintara Therapeutics, Inc. Common Stock, also called Kintara Therapeutics, is a clinical and biopharmaceutical company, which focuses on the development and commercialization of new cancer therapies.|VAL-083|MGMT-unmethylated newly diagnosed Glioblastoma Multiforme (GBM)|Phase 2 top-line data due 1Q 2021.| +|||VAL-083|MGMT-unmethylated Recurrent Glioblastoma Multiforme (GBM)|Phase 2 top-line data due 1Q 2021.| + +&#x200B; + +**Under $3** + +|**Company**|Company Summary|Drug|Treats|Catalyst| +|:-|:-|:-|:-|:-| +|Aileron Therapeutics (**ALRN**)|Aileron Therapeutics, Inc. Common Stock, also called Aileron Therapeutics, is a clinical stage biopharmaceutical company, which engages in the development and commercialization of novel class of therapeutics for the treatment of cancer and other diseases.|ALRN-6924|Small Cell Lung Cancer (SCLC)|Phase 1b/2 final data due 1Q 2021.| +|Vascular Biogenics (**VBLT**)|Vascular Biogenics Ltd. Ordinary Shares, also called Vascular Biogenics, is in the clinical-stage biopharmaceutical company, which engages in the discovery, development, and commercialization of first-in-class treatments for cancer.|VB-111|Recurrent platinum resistant ovarian cancer|Phase 3 next DSMB review 1Q 2021. Trial to be completed in 2022.| +|Lineage Cell Therapeutics (**LCTX**)|Lineage Cell Therapeutics, Inc. operates as a clinical-stage biotechnology company developing new cellular therapies for degenerative retinal diseases, neurological conditions associated with demyelination, and aiding the body in detecting and combating cancer.|OpRegen|Dry age-related macular degeneration (AMD)|Phase 1/2 updated data due 1Q and 2Q 2021.| +|Abeona Therapeutics (**ABEO**)|Abeona Therapeutics Inc. Common Stock, also called Abeona Therapeutics, is a clinical stage biopharmaceutical company, which engages in the development of gene therapy for severe and life threatening rare diseases. |ABO-102|Sanfilippo syndrome type A (MPS IIIA)|Phase 1/2 data to be presented at WORLDSymposium February 12, 2021.| +|||ABO-101|Sanfilippo syndrome type B (MPS IIIB)|Phase 1/2 data to be presented at WORLDSymposium February 12, 2021.| +|Trevana (**TRVN**)|Trevena, Inc. engages in the development and commercialization of novel medicines for patients affected by central nervous system disorders.|TRV027|COVID-19|Phase 1b top-line data due 1Q 2021.| +|Nymox Pharmaceuticals (**NYMX**)|Nymox Pharmaceutical Corp. operates as a biopharmaceutical company, which engages in the research and development on products for the aging population. |NX-1207 Fexapotide|BPH|NDA filing planned 1Q 2021.| + +&#x200B; + +**Under $4** + +|**Company**|Company Summary|Drug|Treats|Catalyst| +|:-|:-|:-|:-|:-| +|Cerecor (**CERC**)|Cerecor, Inc. engages in the development and commercialization of treatments for rare pediatric and orphan diseases.|CERC-007|Multiple Myeloma (MM)|Phase 1b initial data in multiple myeloma due 1Q 2021.| +|||CERC-002|Crohn’s disease (adults)|Phase 1b top-line data due 1Q 2021.| +|CTI BioPharma (**CTIC**)|CTI BioPharma Corp. (DE) Common Stock, also called CTI BioPharma, is a biopharmaceutical company, which focuses on the development, acquisition and commercialization of novel targeted therapies for blood-related cancers.|Pacritinib|Myelofibrosis|Rolling NDA filing announced October 13, 2020, to be completed 1Q 2021.| +|Spectrum Pharmaceuticals (**SPPI**)|Spectrum Pharmaceuticals, Inc.Common Stock, also called Spectrum Pharmaceuticals, is a biotechnology company, which engages in the acquisition, development and commercialization of pipeline of late-stage clinical and commercial products. |SPI-2012 (ROLONTIS)|Chemotherapy-Induced Neutropenia|PDUFA date was October 24, 2020. However, action by the FDA has been deferred due to COVID-19.| +|VBI Vaccines (**VBIV**)|VBI Vaccines, Inc. New Common Stock (Canada), also called VBI Vaccines, is a biopharmaceutical company, which engages in the development of vaccines for infectious disease and immuno-oncology.|BRII-179 (VBI-2601)|Hepatitis B|Phase 1b/2a interim data from low dose cohort released November 18, 2020. Boosting of hepatitis B surface antigen antibodies observed in 60% (6/10) and 67% (6/9) of evaluable patients. Data from the high-dose cohorts expected in 1Q 2021.| +|Atossa Therapeutics (**ATOS**)|Atossa Therapeutics, Inc. operates as a clinical-stage pharmaceutical company, which focuses on the development of novel therapeutics and delivery methods for the treatment of breast cancer and other breast conditions.|AT-301 Nasal Spray|COVID-19|Phase 1 trial initial data noted no serious adverse events, 1/32 subjects experienced adverse event. Further data due 1Q 2021 as per SEC filing (click on date in FDA Calendar). Phase 2 trial planned.| +|Fortress Biotech (**FBIO**)|Fortress Biotech, Inc. Common Stock, also called Fortress Biotech, is a biopharmaceutical company, which engages in the development and commercialization of novel pharmaceutical and biotechnology products.|Intravenous (IV) tramadol|Postoperative pain following bunionectomy surgery|CRL announced October 12, 2020. NDA to be refiled February 2021.| +|||CUTX-101|Menkes disease|Rolling NDA submission expected to start in 1Q 2021 and to be completed 2Q 2021.| + +&#x200B; + +**Under $5** + +|**Company**|Company Summary|Drug|Treats|Catalyst| +|:-|:-|:-|:-|:-| +|Infinity Pharmaceuticals (**INFI**)|Infinity Pharmaceuticals, Inc. operates as a biopharmaceutical company, which engages in discovering, developing and delivering medicines for people with cancer. |IPI-549 + Nivolumab (MARIO-275)|Urothelial cancer|Phase 2 data to be presented at ASCO Genitourinary Cancers Symposium February 11, 2021 8:00 AM - 6:30 PM EST.| +|GlycoMimetics (**GLYC**)|GlycoMimetics, Inc. engages in the discovery and development of novel glycomimetic drugs to address unmet medical needs resulting from diseases in which carbohydrate biology plays a key role. |GMI-1359|Hormone receptor positive metastatic breast cancer|Phase 1b data due 1Q 2021.| +|IMV (**IMV**)|IMV Inc. Common Shares, also called IMV, is a clinical-stage biopharmaceutical company that engages in providing a novel class of cancer immunotherapies and vaccines against infectious diseases including COVID-19.|**DPX-Survivac and KEYTRUDA (pembrolizumab) - basket trial**|Solid tumors|Phase 2 updated data due 1Q 2021.| +|Protalix BioTherapeutics (**PLX**)|Protalix Biotherapeutics, Inc. engages in the development, production, and commercialization of recombinant therapeutic proteins based on plant cell based expression system|**Pegunigalsidase alfa**|Fabry disease|Phase 3 data to be presented February 10, 2021 at 1:24 PM EST.| +|||**Pegunigalsidase alfa (PRX-102) - BRIGHT**|Fabry disease|Phase 3 top-line data due 1Q 2021.| +I have been a long time reader of financial independence and personal finance. It seems that there are disproportionate number of engineers that are passionate about financial independence. +As an engineer myself it might just be that I am more inclined to read more posts from engineer. + +Or could it be that engineers in general tend to enjoy crunching numbers and thinking in terms of financial efficiency? Or we are just so freaking stressed at our jobs that we are always looking for a way out of the rat race. + +For me personally it's the joy I get in crunching numbers and creating my own calculators and planning. Luckily living in a low cost area and decent salary makes saving a lot easier and to envision a future of FIRE. +Either we’re about to launch the biggest bounce in history or this ship is about to sink to the abyss. Some experts are now certain that the stock party is over. + +Since GME is somewhat correlating with Nasdaq and other tech stocks we can rest assure that GME will drop hard as well. I don’t think it will be as bad as yesterday because that was some next level drop. + +Hope you got some spare cash because we might get more delicious discounts in the coming days. +[https://podcasts.apple.com/us/podcast/reporter-called-jon-out-so-we-called-him-up/id1583132133?i=1000553529301](https://podcasts.apple.com/us/podcast/reporter-called-jon-out-so-we-called-him-up/id1583132133?i=1000553529301) + +If you can stomach it, Jon goes to bat for us while this fool tries to double talk his way through the talking points that Citadel gave him. + + +[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!* +Considering the 5 - 10 year resale landscape for the hybrid vs full petrol vs full electric, there’s a few strong arguments both for and against each option. + +Apart from housing and major investments, a car is likely one of the most significant purchases people make. Yet with EV-friendly policy changes likely to land in the next few years, the market is in a bit of a state of flux. + +If you were going to buy a new car (putting aside the new vs used debate), where is the smart money at? +My teenage son is hoping to learn how to invest in shares etc and we would like to find a program or something for him to learn from if anyone has any ideas? Something that will teach him what platform to use and how to start out. Obviously a course that is easy for teenagers or based at teens. Tyia. +3 Years I devoted to the duty you charged me, + +3 Years I HODL'ed all my coins, + +And finally, when we could be together again... *I actually got 200% net profit on my initial investment :)* + +From $2200 in 2017 to $6600 in 2020... Did nothing but buying these coins and sleeping over them for 3 years, and now it's gains time. **Yay!** + +I don't know about you folks but in my Middle Eastern country marriage prices are high >!(You have to buy gold for the pride, ikr, earning Bitcoin money to buy gold with it, yikes)!<, and I think will get married soon with what I gained. + +It has been a nice ride boys, glad to be with you, to the Moon. + +**Edit:** I have received too many replies... Thank you all for the good wishes and awards. Yes I am not cashing everything out and will keep some of it for sure. +So, got a call today from my parents, in their 80s to look at their retirement account. Long story short, they were paying close to 2% in management fees. I'm not going into the details of why they waited this long, but regardless, now they're asking for help. + +They just pulled 40 grand and need to roll it over. They also have about a $3000 per year shortfall after their other sources of income. Frankly, with that amount, I'm tempted to just put it in the Quadfecta, which should generate $3k in dividends. Enough to cover the shortfall. + +Any other suggestions? I thought about throwing 5 to 10% into USOI or another CEF to boost the return a bit and give them some play money. Just a reminder. My dad is 82, mom is 81. Most growth funds are NOT an option as I need to try and pull about 7.5% to 8% overall for this to work for them. Their health is good for 80, but I'm foregoing any straight growth as I'm not sure with some other health issues that they will make 90. +I’m using M1 to build what I’m calling a “Growth + income” pie. 34, married, trying to “retire” in 10 years - that is, at least have 1.2M in assets generating passive income. + +I think I made the classic mistake of yield chasing. I’d love to get some feedback on some of the exotic dividend funds I chose as well as the overall makeup. + +I see SCHD recommended often here, so I plan to add that at 5 or 10% when I rebalance at the end of quarter. I want to hold this portfolio until end of quarter to see what the yields are. + +I just started this portfolio last week and it’s already dropped 1% in value, but I realize I bought in at a bad time, I also want to see end of quarter performance. + +Anyway, again, M1 pie of: +10% Domestic Growth +10% Global Growth +10% Domestic Value +10% Global Value +5% Domestic dividend +5% Global Dividend +5% OPP +5% JQC +5% RYLD +5% GGT +5% ECF +5% REML +(hedge fund emulators below) +5% Coatue mgmt +5% Tiger global mgmt +5% Green Light Capital +5% Icahn Capital + +As you can see, I’m trying to create balanced but aggressive strategy. + +I assume some of these buckets overlap, but I can’t quite tell how much. + +How would you rebalance this Oct 1? +Nintendo: +Marketcap: 52billion +Current div: 2,28% (6,53€) +Share price: 460€ +Ytd: 30%+ + +Cd project red: +Marketcap 8billion +Current div:0,28% (0,24€) +Share price:81€ +Ytd: 32%+ + +Ubisoft: +Marketcap: 9,5billion +Current div:--- +Share price:78€ +Ytd: 42%+ + +Blizzard: +Marketcap: 50 billion +Current div: 0,54% +Share price: 64€ +Ytd:30%+ + + + +I think Nintendo is set up extremely nicely with the switch / their own games and there well established brand + +Cd project has one of the biggest game releases in the last decade lined up, and contains to stomp out great games(but has a lower div and maybe a bit more hype) + +To be honest i personally dont like ubisoft that much... + +Blizzard has some good games in there repertoire and is well established in the community + + + + +My picks current picks would be*: +Nintendo 50% +Cd project 20% +Blizzard 30% + + +*Of course only of the designated part of my overall portfolio ^^ + +[View Poll](https://www.reddit.com/poll/k1gh42) +What exit strategy guidelines have you set for your dividend producing stocks? For example I used to have a 10% drop rule that worked great when my tech stocks were growing at 30%. But I have now migrated mostly into dividend producing funds that generate over 5% dividend payments. My diverse balanced portfolio should work well over the next 5 years, but just entering retirement in 2023, I want to ensure the dividend payments will be a stable source of income. + +My energy related funds are still producing very good annual growth, but that could change in a blink. What I don't understand is how reliable the quarterly dividend payout really is, when a company starts to run into trouble financially. Some of my fund values have dropped by 25% since the beginning of the year, which is way outside of my 10% drop rule, but since they do seem to be continuing to produce consistent dividends, I am reluctant to switch to a different fund and take the hard loss. I would rather take the hard loss now, if they are going out of business which would be a big loss to my portfolio. I suspect this years downturn will put some companies out of business. I suppose ETF's help that to some degree. + +How much advance notice will I have that a company is on the verge of bankruptcy? Are the dividends the first thing to go, or the last? +What exit strategy guidelines have you set for your dividend producing stocks? For example I used to have a 10% drop rule that worked great when my tech stocks were growing at 30%. But I have now migrated mostly into dividend producing funds that generate over 5% dividend payments. My diverse balanced portfolio should work well over the next 5 years, but just entering retirement in 2023, I want to ensure the dividend payments will be a stable source of income. + +My energy related funds are still producing very good annual growth, but that could change in a blink. What I don't understand is how reliable the quarterly dividend payout really is, when a company starts to run into trouble financially. Some of my fund values have dropped by 25% since the beginning of the year, which is way outside of my 10% drop rule, but since they do seem to be continuing to produce consistent dividends, I am reluctant to switch to a different fund and take the hard loss. I would rather take the hard loss now, if they are going out of business which would be a big loss to my portfolio. I suspect this years downturn will put some companies out of business. I suppose ETF's help that to some degree. + +How much advance notice will I have that a company is on the verge of bankruptcy? Are the dividends the first thing to go, or the last? +I'm an amateur investor that only started with the stock market in 2020. My plan is to slowly create a diversified dividend portfolio, from tried and true stocks, to riskier REITs, to assets I believe will represent the future, such as clean energy and sustainability. + +I see lots of talk regarding the standard dividend options like O and T, but was wondering who else is incorporating companies like BEP, NEP, CWEN, HASI, and AY. All of those seem to be consistently paying out dividends. I bought my first share of BEP today. + +Does anyone have any insight, positive or negative, into those previously mentioned stocks, or any other major asset in this field I should keep on my watchlist? +So I started investing lately, Im 21 years old currently have in my profolio sony,cnk,crosair,pffizer. +I started to invest just by picking companies that I know and bealive in while reading and learning about the finnancel world.(which Im doing fine right now with those companies) +After a little bit of research I think I want to try the GDI strategy. +I have for about 1500$ per month to invest(with the current job, dont know when ill quit, max time -2 years) +I wanted advices where should I start, what should I research before deciding to buy shares of a company. +Right now I looked at O which seems stable with great yield.(looked a little bit on at&t but im not really sure about them) +Any way I'll be glad to hear any advice! +It looks like the NSCC is changing language to remove a set in stone critical margin line of 30% of total portfolio value. + +According to the language here, if any unsettled position comprises more than 30% of the rest of a members portfolio, they need to make a liquidity deposit (margin call) calculated by some fancy schmancy formula. + +The proposed language would add one more equity position and give the NSCC discretion to arbitrarily decide how much of the concentration of the portfolio those two positions could represent before requesting additional liquidity (margin call) + +Help me out wrinkles I gotta get back to work. + +(My guess is they'll pair long and short positions together to make the bad bet look better) +Hi - + +Last year I put some money in a 3x leveraged ETFs and the results have been tremendous (roughly +130% this past year). + +I know leveraged ETFs are a high risk investment but it's constantly going up and I'd feel silly cashing out missing out on a great return. + +Can someone shine a light on long term investment practices when it comes to leveraged ETFs? Is not viable in the long term at all? Should I just take the money and re-invest it in a safer ETF? + +I have mid-term goals (buy a house within 4 years), nothing pressing, and I'd rather be safe than sorry. + +Thanks! + +EDIT: Thank you to everyone who took the time to respond. Really interesting stuff and I got the insights I wanted. Much appreciated. Also happy I was able to initiate some conversations amongst you guys. +https://www.benzinga.com/general/entertainment/22/06/27596067/whats-in-ryan-cohens-portfolio-just-these-two-stocks + +While not much is known about the personal life of Cohen — like his wife’s name, and even his age is disputed — we do know what his venture capital firm, RC Ventures is doing. + +According to its website, RC Ventures is a seed and venture capital firm that invests in early-stage companies in high-growth emerging markets. Most of the companies RC Ventures has invested in are located in Bangladesh and Thailand. Here is the list of companies Cohen's firm is helping to scale: + +So I check where their source of information was for this + +https://rc.ventures/news/ + +These idiots do the bare minimum research and thought Ravid Chowdhrys company in Bangladesh is Ryan Cohens, sharing the same name. + +Fucking hell it took 2 seconds to google the facts. + + +Benzinga should remove this article IMMEDIATELY and apologise for not researching even with the bare minimum to fact find material for their misleading articles. + +GG MSM LZZ +I've read a number of articles over the last few days, not so much the 'sell in May and go away' stuff, but articles such as [this one](https://financialpost.com/investing/david-rosenberg-you-know-a-market-is-all-priced-in-when), all of whose theme is along the same lines: + +* We've had an enormous amount of growth in the US markets since the election +* There doesn't seem to be any more 'new' good news on the horizon, and the expected good news has already been priced in, hence stocks not moving much on superb earnings +* Hints/concerns/worries about central bank exit strategies (as well as can be predicted, i.e. no new variants causing unexpected problems) +* Lots of market euphoria and no more safe havens to hedge to with everything being expensive and treasuries potentially having zero expected future returns under some models - this is includes the possibility that US markets themselves are only at the valuations they are because there doesn't seem to be anywhere else to put cash for any kind of return +* The market sputtering a bit recently, perhaps losing positive momentum + +What do you guys think? Are we at/near a top, are we going to drift sideways/go through a kangaroo market, are we set for a draw-down and restart a la 2018? Or do you think it is still generally positive? +Let’s be honest, most people on this sub didn’t get into coins like Bitcoin and Ethereum early enough to get 10x+ returns. + +But the good thing about this crazy market is that there has been so much opportunity in the last few years that many people have made small fortunes in altcoins. + +For me, the single greatest investment I ever made in crypto is probably the NEXO token. I literally managed to get in right at the bottom just last year after using their service and researching the company. I still hold it to this day and at the ATH I think it was a **40x return** within a year. + +So, what’s your greatest single investment in crypto? +In case anyone was wondering, yes banks still suck. + +Got locked out of my accounts for 3 days just for buying only 15k worth of Bitcoin. This was not from debt, this was my own cash that I couldn't use. No amount of escalations or complaints could make them give me my access again. + +"We need more time to investigate the destination of this transaction" is all they would say. Then they forced me to physically travel to a branch to ID myself. Travel was required because they are closing branches since they are not needed. + +To be clear I have no issue with a quick lock to check a transaction. But I do have issue with not unlocking me once I've identified and confirmed, and with making me wait 3 days. + +The feeling of being unbanked for just 3 days is nasty. I feel for the early adopters that lost their banking entirely. In any case it's probably similar because I decided it was important to change banks. I can't let them do this again. + +As a result of this I'm moving more savings to Bitcoin, and wasting less time with the stock market. +I was looking into buying some ITM LEAPS to increase my potential leverage given the recent drop in the NASDAQ and SPY. However, upon delving into option chains pricing, I noticed a trend in the limited upside for Sellers of deep ITM LEAPs while Buyers arguably are stand to benefit greatly from the synthetic shares at a lower price ratio. This led me to become really curious on the potential upside of Sellers of deep ITM leaps. + + +**I will try to make a cases using the following examples of deep ITM LEAPS for popular stocks. Examples are sourced by using deep ITM LEAPS that were last transacted on Friday (14 May). Prices are based on Ask Price to take into account low liquidity:** +1. MSFT 110C 1/20/23 - Ask Price: $141. Current MSFT Price: $248 + +* Seller only restricts their potential gain from MSFT to $3/share (or 1.2%) for 1.5 year period +* Buyer is able to benefit from MSFT gains from synthetic shares at 57% price ratio. Downside is similar to owning shares, and only increases if MSFT drops below $110 + +2. AAPL 65C 1/20/23 - Ask Price: $64. Current AAPL Price: $127.5 + +* Seller restricts their potential gain from AAPL to $1.5/share (or 1.2%) for 1.5 year period +* Buyer is able to benefit from AAPL gains from synthetic shares at 50% price ratio. Downside is similar to owning shares, and only increases if AAPL drops below $64 + +Could anyone explain the rationale of the sellers of deep ITM leaps and if it is a bearish stance? Given the low returns (1.2%) for the Sellers of deep ITM LEAPS (and assuming that the Sellers are bearish on the long term outlook) why wouldnt the seller just sell the shares right now? +The only argument i can make is that the sellers stand to benefit if the price stays within the strike price and the breakeven price which hence allows them to benefit from the premiums earned (reducing their cost per share by the further 1.2%). Hence, the Sellers are adopting a bearish stance and hoping that they can achieve a guaranteed return of 1.2% for 1.5 years while generating upfront cashflow. + + +Separately, is there also an argument that everyone should own deep ITM LEAPS to replace stocks if it is deemed impossible for the share price to be lower than the strike price? I cant forsee many scenarios where AAPL would be below $64 or if MSFT would be below $141 in Jan 2023. While the price benefits for increasing leverage using synthetic shares from deep ITM LEAPS would increase the potential of gains significantly. + + +I would be delighted if there is anyone that can help enlighten me or to correct my understanding of the benefits/cons of Sellers and Buyers of deep ITM LEAPs. Looking forward to everyone's advice :). +The very first replies in "[This is the last weekend on Earth....](https://www.reddit.com/r/Bitcoin/comments/ph77r1/this_is_the_last_weekend_on_earth/)" are about buying bitcoin on this historic day. I thought that this idea deserved its own thread. I will buy bitcoin on Tuesday, not because it's my DCA day, or because fundamentals or TA indicate 'buy', but because on that day + +* I want my participation in this revolution to be immortalized on the bitcoin blockchain; +* I want to cast a vote of confidence with the El Salvadorean people and with bitcoin; and +* I just like stacking sats. + +I hope that many here will do the same. +Gary Kaultbaum, an analyst I think highly of, is warning his followers he's seeing lots of evidence we're in a final bull run before the a major correction. + +He's pointing to all time market highs across the world, sky high valuation (Tesla's doing nothing but going up 5% a day for one huge example), speculative rushes into things like bitcoin and SPACs, huge IPO valuations, and more. + +I know there's always someone out there saying the sky is falling, but Gary K is not one of those guys. A lot of things out there feel ready for a significant pullback. +# Edit: 10:19am EST - Macro Market Trends + +&#x200B; + +[The Macro Market is coming off a short-term \(and historic last week\) fibonacci retracement in the upwards direction, on a clear overall macro downtrend - This is also known as a 'bear market rally' - We can see that it was perfectly rejected off of the 50 Day SMA - Signifying that risk-on assets could unfortunately eventually become entrained in an overall bear market downtrend - G M E stock has a 'negative beta', meaning it has historically been inverse with the market - so this week and next week we get to observe if that negative beta 'holds up' as it did during the market phenomenon of January 2021, when G M E 'broke' the market](https://preview.redd.it/y8hsox4c65p81.png?width=903&format=png&auto=webp&s=371346861ca63588c7d8125b4b42d81dfb17dc2a) + +&#x200B; + +# G M E - specific: Analysis of Net Volume + +&#x200B; + +[Analysis of Net Volume reveals that no notable jump in volume occurred yesterday, even though the share price jumped about 50&#37; - revealing that the stock price is now overly sensitive to even the smallest increases in Volume. We will revisit this idea later.](https://preview.redd.it/i2he1fqvu2p81.png?width=894&format=png&auto=webp&s=7594ebd4b89b195e70e285aa0004defa65d42a3b) + +&#x200B; + +# Rapidly Ballooning Short-Borrow Fees + +[Ortex's tweet](https://twitter.com/ORTEX/status/1506331956379750402?cxt=HHwWhMCs3d67yOcpAAAA) shows that short-sale interest did not decrease in yesterday's 50% price increase. Instead, it went up to 24% of the free float. Some would ask how the short increase from 21% to 24% in one business day is possible on an already-capped-out-for-31-days 100% utilization? I digress - and we already know the answer as to why: they somehow obtained more shares to short with, as unreported, and clearly have not even begun to buy to cover their 'current plus new' short-sales yet. Either way, these shorting-hedge-funds, nevertheless, are now facing elevated capital requirements. We know that Ortex shows that max cost to borrow just jumped to over 45%, but let's take a look at Interactive Brokers borrow fee: + +&#x200B; + +[IBKR's short-borrow rate has jumped above 12,000&#37; \(after hours\). This is statistically significant, as you can visually see the range breakout in the chart. Pre-market and nominal open borrow rate may indeed be sustained above 100&#37;, which implies an immediate, newfound demand for collateral for those with outsized short-borrows](https://preview.redd.it/0azs5d2bu2p81.png?width=681&format=png&auto=webp&s=4c75056fd43e3b460fcd69bac80a9a777bf5ca1c) + +&#x200B; + +# Half of G M E Shares are now 'locked' and not transactable + +Contrary to what was implied about me [by mainstream media yesterday](https://www.marketwatch.com/story/gamestop-shares-soar-30-and-take-other-meme-stocks-on-a-ride-after-reddit-poster-touts-shares-at-a-58-2-discount-11647988145), my fundamental technical analysis was not the primary catalyst of the immediate supply-and-demand-based 50% rise in the share price. I don't suspect that a billionaire, or anyone really, analyzed [my TA yesterday](https://www.reddit.com/r/wallstreetbets/comments/tjw86u/g_m_e_where_we_stand_with_the_technicals/) and decided, "Oh, Thump4's TA shows that the stock is heavily discounted, so I must buy it." + +The real catalyst seems to have been from raw demand, and most notably by G M E's chairman, who independently bought 100,000 more G M E shares in the morning, making his total ownership of the company 11.9%. Although we have no data on what insiders are buying until SEC 13F forms are filed, insiders may indeed be continuing to purchase more raw shares since they are now able to 2 days after earnings. Yet, this brings up an interesting technical topic: insider ownership shares are 'locked,' meaning these shares are *not* freely traded on the market. Therefore, when we combine G M E's Directly Registered computershare total (10 Million shares registered with the transfer agent - 8.9M as noted from the [F-17 Page (page 10 on the pdf of last week's annual report)](https://investor.gamestop.com/static-files/71e30d98-2102-4bdd-b0b8-eb151e09f803) and 1M+ estimates thereafter) with 23 Million shares institutionally owned ([as shown from fintel](https://fintel.io/so/us/gme)) and thereby restricted, then we have a *past-looking sum* of 33 Million. We can safely assume that 3 Million more shares will be either bought by insiders and/or directly registered with computershare this week (provided the newfound demand for the stock), so we are at 36 Million shares 'locked'. Since the shares outstanding total is 76.34 Million, then that means that ***47.2% of the tradable shares outstanding are currently 'locked' and not able to be transacted on any market exchange, regardless of whether that market exchange is 'dark' or 'lit'****.* This inherently implies that any movement in G M E 's market price is about twice as sensitive to normal economic demand-vs-supply forces than a typical stock, because the float is literally cut in half. + +This leads to a G M E stock price that is now hypersensitive to any demand for the stock, or net volume. That was shown above, and a two-fold increase in nominal pressure on short-sellers who must fold their poker cards and buy-to-cover their egregious ([and some would say illegal](https://www.reuters.com/world/us/us-prosecutors-explore-racketeering-charges-short-seller-probe-sources-2022-02-18/)) short-borrow liability position. Them not doing so would technically lead to a [London-Metal-Exchange-like](https://www.wsj.com/articles/a-chinese-nickel-market-mystery-london-metal-exchange-tsinghsan-11647982954) scenario, where in this case the entire global stock market would have to be halted for days for the NSCC to theoretically but illegally allow Citadel Securities, Point72, and other hedge funds to somehow maintain their shorts, similarly to the Chinese nickel short-selling 'tycoon.' This scenario would permanently destroy faith in American markets for decades. Them buying to cover now, while the price is still so discounted is safer for them, more responsible for the safety of American markets, and would allow for them to possibly survive this and be able to happily talk about how they got beat (kinda like the Citron Research guy who loved to claim afterward that he was so handsomely defeated by a bunch of reddit 'kids' in this generationally-dynamic market). + +&#x200B; + +# Astronautical Fundamentals - the new digital-asset Marketplace + +&#x200B; + +[G M E 's non-fungible-asset marketplace is now out in 'beta'. This being released in the evening, could serve as a new catalyst of buying demand for G M E stock, in that it will lead to a new revenue stream on sales of virtual art and gaming skins, worldwide](https://preview.redd.it/8ypcg42693p81.png?width=1241&format=png&auto=webp&s=1a05ad79bfa9e563e115ce9bb63d0bfb5c041050) + +# TLDR: + +Half of G M E 's shares are locked and not able to be further transacted. This has caused an economic shortage of available supply of the stock - and this available supply clearly is rapidly diminishing. Ortex max cost to borrow just ballooned above 45%, and IBKR's borrow fee rate just ballooned above 12,000%, marking a serious collateral demand and high probability of margin calls of short-sale positions: those short-sellers who now stand to face unlimited economic loss based on the elevated risk they fairly took by shorting this stock. On Company fundamentals, the[ beta N..F..T.. marketplace website is out](https://beta.nft.gamestop.com/), implying the additional revenue stream from virtual art and gaming skin collectibles [is now live and powered on the backend by loop-ring L2](https://medium.loopring.io/gamestop-nft-marketplace-powered-by-loopring-l2-6cdb9289d937). Technicals reveal that G M E 's Net Volume, from yesterday's 50% increase in share price, was paltry. Volume is about 85 Million away from even being classified as a historically-noteworthy day for G M E. + +Edit: I am not considering fiddling with my DRS'd shares, nor am I closing [any of my call options positions](https://imgur.com/a/e5upBh9) at any point, even though I am up about 1000% yesterday. I am upset that my transfer of my tax return into this account did not lead to a successful execution of my order for new call options. But, I am confident that my new market order for them - yes, I know - for today will be executing at these prices that are clearly so discounted to the real net asset value. When G M E 's return on their investment is realized, the stock could be worth $1,000.00's of dollars per share, but as a newer, sleeker, Web 3.0, block-chain-backed, highly-sophisticated Amazon-killer. + +Edit2 10:19am EST: Macro markets are down, and investors should watch G M E 's notable negative beta to see if that negative beta will 'hold up', or if the stock could become 'entrained' in the macro bear market as noted with the falling dow jones and nasdaq today. It'll be interesting to observe. (In January 2021, GameStop's rise did technically 'take down' the market on the beginning of hedge-funds' closing of other long positions that served as liquidity to support their egregious short-borrows - all until the removal of the buy button for G M E of course - in violation of securities laws \[FINRA\]) +Literally no other "crypto" YouTuber can say that about themselves. They're all "BITCOIN'S GOING TO EXPLOOOOODE BECAUSE OF THIS INDICATOR!!!!!" + + +Matthew is calm, collected, and clearly just interested in making consistent and educational content. + + +If you've never heard of or seen his channel, I highly recommend going and giving him a listen: https://youtube.com/c/TraderUniversity + + +Anyway, if you're on the sub, I just want to say Thank You Matt! And please keep up the good work. 👍 + +[Edit] I used the term "diety" because I have respect for his creative consistency, NOT because I'm hanging on his every word for advice on how to live my life or invest my money. Chill. +This is a throwaway account because my situation is really embarassing. Procrastination, fear, poor decisions and lack of resources have brought me to this. I'm totally afraid to even access the damage. So here goes....I just turned 40, in the middle of a divorce (actually kind of amicable), about to graduate x-ray tech school on october 4th but.... +I have no savings, i live on a $120 allowance per week from my sis, i havent done taxes in 13 years, i owe a shit ton of money in school loans, im pretty sure my credit is totally jacked and it goes on and on. Question, can my credit even be rescued? Am I going to sent to a CIA black site for not paying taxes in 13 years? Is it possible to save enough money to retire at a reasonable age at this point or is it already to late? + +I would really appreciate the help...Im scared shitless of my situations and the implications of my bad decisions +[https://www.cnbc.com/2022/10/19/irs-here-are-the-new-income-tax-brackets-for-2023.html](https://www.cnbc.com/2022/10/19/irs-here-are-the-new-income-tax-brackets-for-2023.html) + +&#x200B; + +Considering CPI will be 8-10% this year, this is somewhat disappointing. Core inflation of 6.6% as of September suggests this is a fair adjustment, though. +Can't believe there's no GameStop posts on the front page. Where are you guys?? GME is predicted to run this week due to June OPEX. Pile on y'all, and don't just buy weeklies, as covering can occur anytime until the 24th. Keep the pressure on and buy Julys or later. Where are my January 2023 950s at?? When we all pile into options, we make the price run harder. Questions fellow apes? Have you made your position yet? +The user Hakim619 on LBC bought $4500 worth of bitcoins from me. He went to a Bank of America branch and deposited the cash. He sent me a copy of the receipt and I then checked online to confirm. Everything seemed to be in order so I went ahead and released the coins. Shortly after I released the coins Hakim619 asked the teller for the money back and he got it. BoA and most other banks have a policy where you can get the cash deposit back if it's the same day and you still have the receipt. They say the reason for this is encase you made a mistake on the deposit. I got the same response from two different branches and the person I was working the dispute case with. + +***UPDATE*** + +I went in to a local Bank of America branch this morning and put $100 cash into my account using only my checking account number. The tellers did not know who I was and didn't ask for any other information. Later in the afternoon I went back to the branch to try to see if I could reverse the cash deposit. I went to a different teller this time and asked for the $100 that I deposited back. I gave them the receipt and told them I think I put it in a wrong account. No questions were asked and the teller started to process my request. In a few minutes I had the $100 and the teller kept the deposit receipt. + +At this point I asked to speak with the branch manager. I explained what I just did and the manager was very surprised that the teller did that. I was told that the teller shouldn't have done that. I then went on to explain how the same thing was just pulled on me and I lost $4500 because of it. She was very took back about what I said and right away started to help me get my funds back. + +The first policy that she looked up was very vague on whether or not a cash deposit reversal was allowed by a non-account holder. She thought that was odd since everything dealing with money handling is very explicit. She then spent the next two hours calling case workers, fraud handlers, branch managers, and regional managers. +At some point around the two hour mark while the branch manager was on hold she decided to look up policy in a different spot. In about 30 minutes she was able to find a section that describes exactly what the teller is supposed to do when dealing with cash deposits. + +There is a line in that section that states that after the cash has been added to the account holders account it can not be taken out with out permission from the account holder. BINGO! We now have written policy that states that the teller was not supposed to do this. + +It is now about 4pm and this bank manager is calling people like crazy to try to get my money back. At one point she has three lines open with people on hold that are dealing with my case. + +At about 5:45pm she says it would probably be best for me to head home and she will keep working on it. At this point I feel good about getting my money back but i'm still worried it might not happen. +At 6:30pm I get a call from her saying that the full amount has been deposited into my account. + +TL;DR + +It's pretty easy to get a cash deposit reversed + +but...BoA isn't supposed to do a cash reversal with out the owners permission. + +I got my money back. +Some of the hottest private consumer tech companies are rushing to file their IPO prospectuses so they can go public before the end of the year. + +Airbnb, DoorDash, Roblox and Wish are all expected to make their filings public by early next week, said people familiar with the matter. + +It’s already been a big year for tech IPOs, most notably in September, which was the busiest year on record for the New York Stock Exchange. + +Between early and mid-December, public investors will likely get their first crack at buying stock in food delivery provider DoorDash, e-retailer Wish and kids gaming company Roblox, according to people familiar with the matter. Airbnb is also expected to file its prospectus by early next week, putting the home-sharing company in position to hold its market debut after Thanksgiving, said two of the people. + +Filings are expected by next week, though the timing could change based on market conditions, said the people, who asked not to be named because their plans are private. + +All four companies confidentially filed paperwork with the SEC this year, setting the stage for eventual public offerings. DoorDash announced its submission in February, followed by Airbnb and Wish in August and Roblox in October. Because the virtual roadshow has become commonplace during Covid, companies only need a couple weeks to meet with investors before their debuts. + +Representatives from each of the companies declined to comment for this story. + +Despite an economic crisis, tech IPOs are red hot, reflecting a sector that has outperformed the market in the face of a global pandemic, which has killed over 240,000 Americans, while investors also navigated the uncertainty of a presidential election. Stocks rallied after Joe Biden’s electoral defeat of President Donald Trump, giving tech companies that were surveying the market further incentive to go out now, said Kelly Rodriques, CEO of pre-IPO marketplace Forge. + +The sector’s strong performance has persuaded all four companies to push forward with going public now, before conditions change. About a dozen other global tech companies could raise at least $1 billion in an offering that are preparing for 2021, according to a person familiar with the matter. + +[Source](https://www.cnbc.com/2020/11/12/airbnb-doordash-wish-roblox-ipos-all-expected-before-year-end.html) +With the first NA Bitcoin ETF supposedly launching Feb 18th on the Toronto Stock Exchange I have a few questions. + +My interest in the ETF is high as it will allow a nice entry point into tax free accounts. + +Will US investors be able to purchase shares? + +Are there any additional fees/taxes due to investing through the TSX? + +Will we see the premium on GBTC and OBTC start to evaporate as people move to ETFs? + +A small crypto exposure in the tax free portfolio can be extremely beneficial I believe long term. +I'm in my mid 40's and never really wanted to live in a cubicle for 40+ hours a week. Yet I have for the past 13 years. I've been trying to convince myself to quit for years. But one does not simply walk away from six-figures. I really need a change in life and issues at work have reached a point where I'm ready to say fuck it. +So, here's my financial situation: +Rental House bringing in $800 net income monthly. About $200k in equity on a house worth $400k in a very hot west coast city market that is expected to keep growing. +Have $250k in 401k. +Currently live in a house with a very affordable mortgage and $60-80k in equity. Also in the same hot market. Renting out rooms but they don't bring in net income - just help keep my costs low. +These things I plan not to touch - they should make for a decent "second retirement" in 10 years or so. My estimate is the equity in the houses and 401k should be worth around $1M. And my rents should continue to go up and provide revenue streams. +$110k in savings, checking, ira and stocks. I plan on living on this plus my rental house income. My goal is to live very cheap. Factoring in all expenses, I see me going through about $20k a year. I'll bring in $9k with the rental house (granted there could be repairs that would cost me, but both houses are in great shape). +My question: is there a relatively safe bet for putting this $110k to work for me in a way that could generate 5-6% returns and not risk big losses? I was thinking about $20k in savings for emergencies and $80k in 5-6 diversified, stable, high-dividend stocks like AT&T, Verizon, Southern Company. These seem like safe bets and pay around 4.5-5% in dividends. +I'd still be going into my principle by about $6-7k a year, which I'm fine with, but I'd like to stretch it out as long as possible in case I decide to continue my year off into 2 or 3 years off. +Not really looking for judgements on my decision to quit or to "get a part time job" - more on how to best invest the "expendable" money. +I figure at some point I may do some consulting or find some work doing things I'm passionate about to bring in some additional funds. But I NEVER want to go back to cubicle life in corporateland. Right now, just want to set up for a plan to not work. + +Life Situation: 0 dependents but a gf w/ 2 kids 5-12 who would love to move into current house and pay 3/4 of mortgage if I'd stick around vs heading off on an extended motorcycle trip. + +Current expenses: If I stay and let the gf/kids move in, I'm just under $20k a year in expenses, and that's figuring in everything plus some added play money. She's got a very steady, union protected job, so not worried she'd get fired, but if she did, I could sell the house and get $80k pretty quickly. + +For mortgage payments, 29 years left on the primary residence at 3.5%. + +Liabilities: only debt is a student loan at $8k + +Specific Question(s): Should I sell the rental house and invest - I feel like this is a no. Where would you put the $100k in savings? How would you allocate the 401k? + +Thanks for any advice. +As a complete noob to kriptoes, NFTs and all that jazz, if I got a nice new shiny NFT thing I'd get curious and probably want to build upon it. I am sure I am not alone in that sentiment. + +I think that it could be a very good advertisement/ marketing strategy for Gamestops new NFT marketplace, could also pull some good coverage in different places due to its uniqueness. + +Makes me feel bullish for the future. +https://nltimes.nl/2020/01/31/ing-second-netherlands-bank-turn-negative-savings-interest + +This is the second bank in the Netherlands to do this. Do you think this will happen in the UK any time soon? + +And secondly, what on earth are several thousand people doing having more than €1m in accounts that pay 0.01% on the first €100k and nil on the rest. +I will soon change into a position in which I could invest 10k to 15k per month. The obvious path towards fat fire would be to just throw them into index funds and that’s it. I am however toying with the idea to take some of that and invest it into “fun” stuff that might yield some returns as well (even though it may be more risky). Do you have any ideas? I was thinking about hiring two offshore developers and having them work on startup ideas... invest into one early seed startup per month... buy equities of far off technologies once per month and forget about them... what would you do? +For those who are FAT or almost there, did you ever deal with fear of losing it all on the way up? Especially for those that are business owners? How did you deal with the stress/anxiety? + +I’m doing reasonably well (31, 1.5NW, making about 400k /year) but my business that I own is in the service industry and massively competitive. When things go wrong, I struggle to deal with the crush of anxiety that it’s all going down the drain and I’ll be back at square one. I know it’s not a rationale response, but anxiety rarely is a rational thing. + +Anyways, hoping to get perspective from internet strangers who might have been in a similar boat. +I know most people in this forum generally subscribe to the Boglehead philosophy of buy and hold, stay invested no matter what, etc. Not to be a downer, but I have a serious question about the safety of cash holdings. The prime MMs are currently under tremendous stress. + +For those that currently have a lot of their net worth in cash, what are the options available to protect that cash in the unlikely event of bank failures and brokerage failures? /fatFire members have the unique problem of FDIC and SIPC limits that probably don't protect all of our liquid assets. +So to keep things fairly simple, I’ve found myself in a position of needing to make a choice between jobs. + +In my current role I’m earning just over £25k, have a new baby daughter, and a partner. The area we live in has good schools and is safe, and a generally nice village environment to bring up a child, in the Norfolk area. We are also ready to finally buy a house. + +I’m now faced with a choice to move to a better paying job (about £35k). This would be in the Birmingham area, so very different to where I’m living now. Due to the salary rise I’d also be able to buy a house there after a year to settle in. I don’t want to move areas around too much now, as I want to create a stable foundation for my family. So basically, I’m looking at the long haul here regardless of what I choose. + + +I want to consider the job and also the living environment and upbringing of my daughter. Family live in the middle of the two areas, so being close to family members isn’t really a consideration in this decision. Basically I’m just looking for advice, or just some thoughts/opinions on this. Thanks in advance. +I know their mortgage company and am about to come into a large sum of money. If everything does go successfully I would like to pay off their house or very close to. Can I just call their mortgage company with their information and send a check for their account? I cannot express the depth of their compassion/giving/help they have given me. Once this is paid they will have 0 debt and everything in their life besides utilities and health insurance will be paid off. + +Edit: thank you many for your advice and tips! If it matters they are both retired and worked for the state for their whole lives so they have a very good retirement. The last I asked my mom she didn’t know but she assumed it was around $98k left on the mortgage but mathematically it has to be less. I want to figure out how to find out their mortgage company without snooping so we will see what happens! I will update when I am sure + +Edit 2: I simply asked my mom where her mortgage is from, she told me I contacted them and I need their SS, which I can easily get. She continuously complained that she felt her mortgage would never end. It made my stomach go in knots. I am not able to pay it today but hopefully in the very near future. I am looking forward to it. +A potentially underappreciated consideration for FIRE is country risk. + +I am based in South Africa, and while my cost of living is low, the tax rate is high, and economic growth is muted. I can mitigate some of that by investing offshore, and I have both ETFs locally (which come with a 0.86% fee) and abroad (which are a much more pleasing 0.12% fee). + +Gains and dividends are still taxed on offshore holdings, however, and those rates are increasing over time. Herewith some examples: + +**Capital Gains tax**, there is an exclusion amount, currently R40,000 (or $2,750), but the percentage paid has increased significantly over the last five years: + +Type|2020|2019|2018|2017|2016|2015 +----|----|----|----|----|----|---- +Individuals and Special Trusts|18%|18%|18%|16.4%|13.65%|13.32% +Companies|22.4%|22.4%|22.4%|22.4%|18.65%|18.65% +Other Trusts|36%|36%|36%|32.8%|27.31%|26.64% + +**Income tax**. This normally keeps pace with inflation, but recently a new threshold was introduced: 45% for income above R1.5m (just over $100k). + +**Value added tax**. This has been at 14% for a very long time. Last year due to shortfall, it was increase to 15%, and some think that it might be increased again to 16% this year. + +**Dividend withholding tax**. Previously dividends were tax free (the business paid the tax). South African “aligned” to international norm where the recipient of the dividend, not the company paying it, is liable for the tax. What you would expect is that declared dividend would then be higher since corporation now doesn’t have to pay the tax, although I don’t believe this has been the case. + +Time|Rate +----|---- +Pre-2015:|0% +2015-2016:|15% +2017-current:|20% + +If you were relying on dividends in retirement, you’ve just seen a big chunk of your income disappear, while simultaneously seeing the price of goods increase due to the change in VAT. + +To summarise, if your investments are only in South Africa (even with international holdings) your fees are going to be much higher than most FIRE adherents are used to. The 4% SWD doesn't include fees is my understanding (i.e. you need to still factor that in), so you'd need to change your withdrawal rate to 3% to deal with the increased fees. Your income in retirement based on your current expenses might not be sufficient based on the higher tax you could be paying when disposing of assets (triggering CGT) or relying on dividends (which are taxed higher) to buy goods that are more expense (due to increased VAT). I don't think any of this would be captured in the official inflation numbers, which is what you should be increasing your withdrawal by. + +**tl;dr**, your pot might need to be a bit bigger to account for downside country risk. + +*edit* + +Some updates based on the comments. Yes, the 4% rule varies from country to country. Historically, SA worked with a 3.86% SWD. My expectation is 3.5%. Mitigate your risk by investing in countries where the SWD *does* apply. That's my strategy. + +"South Africa is going down the toilet so you can't FIRE." Well, on my salary and cost of living, I think I can FIRE. If you can't fire, you certainly can't retire even at a normal retirement age of 65, so there would be bigger problems. Anyway, I'm not blind to country risks (hence this post), so each person needs to decide what level of risk mitigation is right for them, and how that is structured. Moving some funds offshore is part of my strategy, yours may be different (alternative assets perhaps). +Hey reddit! I have the equivalent of 8000 dollars (USD) sitting in a bank savings account in Romanian Lei (RON). Right now I'm getting 1.5% interest on my savings account. The bank called me up to offer me mutual funds and this is what they're offering: + + +**Risc**|**Name of mutual fund/ Currency**|**Type**|**Performance 1 month**|**Historical Performance 3 years (annualized) ***|**Historical Performance5 years (annualized) ***| +--:|:--|:--|:--|:--|:--| +2|NN (L) International Romanian Bond / Lei (RON)|bonds|1,27%|6,67%|6,26%| +3|NN (L) US Fixed Income / USD|bonds|-0,52%|0,6%|2,29%| +3|NN (L) Euro Fixed Income / EUR|bonds|0,25%|4,9%|4,48%| +4|NN (L) Patrimonial Balanced / EUR|mixt|4,08%|8,97%|7,73%| +4|NN (L) First Class Multi Asset / EUR|mixt|1,38%|new fund|new fund| +4|NN (L) First Class Multi Asset / Lei (RON)|mixt|1,46%|new fund|new fund| +5|NN (L) US High Dividend / USD|stocks|8,81%|8,31%|6,78%| +6|NN (L) Euro High Dividend / EUR|stocks|9,57%|14,2%|5,18%| +6|NN (L) International Romanian Equity / Lei(RON)|stocks|2,37%|8,54%|4,17%| +6|NN (L) Global Equity Opportunities / *EUR*|stocks|10%|11,43%|8,2%| + + +Which one would PF choose? I don't plan on touching that money for the next 2 years and I have roughly 2000 dollars in a separate emergency fund account. + +Also I have no debt and own my own house&car. + + +~~Buy in commission for all these is 1.5% of the sum. I assume this is a one time thing.~~ I talked to the bank about the commission and they're giving me a 0% commission if I sign up by December 31st. They're probably meeting quotas. +Just saw on Twitter that [$AZN](https://finance.yahoo.com/quote/AZN?p=AZN&.tsrc=fin-srch) is apparently pausing what they call a "routine" procedure because a participant in the covid-19 vaccine trial is experience serious adverse reactions. + +The stock was +1.13 today (2.11%) and down 8% in after hours (not sure if related or not), and not sure if this news will affect the stock come the morning opening. + +Article: https://www.statnews.com/2020/09/08/astrazeneca-covid-19-vaccine-study-put-on-hold-due-to-suspected-adverse-reaction-in-participant-in-the-u-k/ +I remember back in 2017 when bitcoin ran up so did a lot of other altcoins. This time it doesn't seem to be the case. Is it because institutional money is only investing in the main crypto (bitcoin) and not divesting? Is it because we're only at the beginning of the run up? +The very existence of these actions or characteristics from users, fellow investors and such is the evidence of centralization within the generations. In this culture we are to be working collectively. Each with different aspirations and intentions but all of us are in this for the same common goal. Isn't that what we are here for to help the movement of decentralization for the bettering of ourselves and for the generations? Some people do not even realize that the spreading of FUD and misinformation is all a part of the whole centralized systems and economy that we live in and have been flooded with for the past decades. Let's try to unwind ourselves from the way we've been programmed so that we can have that free civilization once again not intruding on us but so we can work together and help one another out and look out for 1 another. +There seems to be a strong move for pre-IPO, private investment opportunities via platforms such as MicroVentures, EquityZen, SharesPost, and Forge to name a few. Has anyone here gotten involved in those platforms? + +I realize the requirements such as being an accredited investor (which is no problem for many in this sub). I also see a lot of potential liabilities of not holding the shares but buying under an LLC that holds them and basically has a high level of legal authority over them. There is also the issue that the fees can be absolutely ridiculous. + +Interested in what others here have experienced, what platform they recommended vs what ones they don't and why, and how they managed the legalities of owning blocks of an LLC that they do not control yet holds the shares they are promised assuming IPO ever happens. + +For example MircoShares just did a SpaceX offering this weekend. I heard the rates were pretty bad. But is anyone better and is the risk vs return vs fees just plain stupid in your opinion? + +Example: https://www.cnbc.com/2020/09/11/jpmorgan-trade-private-shares-of-mega-start-ups-including-spacex-robinhood-and-airbnb.html + +More discussion: +https://www.youtube.com/watch?v=UBSyP5SzuN4 +I am so frustrated, this took me months to save up and was supposed to help us move out of our rv and literally one stupid thing with my car and the entire thing is wiped out . + +This world is effed. +Apes across the world have introduced DRS transfer services to many non-US brokers, we are making the change we want to see in the world already and it's incredible to witness! + +Nearly 4 months have passed since I started the broker list and a lot has changed. If anything in my post is outdated I would be forever greatful if you could reach out and let me know. Here's the list: + +[https://www.reddit.com/r/Superstonk/comments/ppb8u6/the\_drs\_list\_mercy\_mercy\_me\_gme\_aint\_where\_it/](https://www.reddit.com/r/Superstonk/comments/ppb8u6/the_drs_list_mercy_mercy_me_gme_aint_where_it/) + +If there's nothing new to take away from my post, then just know I appreciate you ape, I really do :) + +&#x200B; + +P.S. There's still some controversy over DRS'd IRA accounts and what the point of them is if they don't remove the shares from the DTC. I've presented all the info on it I can, but it's not a recommendation to do it. It's my Hope that with the facts you can make a more informed desicion. +Hi everybody. As of today XRT is off the threshold list, and this has several implications. The most important one being that for the next Opex run it's very likely that we will see a repeat of the November run, when as soon as we touched $250 they slammed the price down extremelly fast. So if you were planning to buy some Calls for the upcoming run, be extremelly careful and sell into force, don't wait for weakness. This also suggests that last weeks' run and all the borrowed shares (that made the borrow rate jump) were shorts gathering shares to cover their obligations to XRT for the specific purpose of controling the run. Given the massive Gamma slide that already exists under us, for the next two weeks expect a major drop (possibly sub $80 towards the $60 range), an Opex run followed by a quick drop again. Sorry for the bearish news and tone, but everyone should know what's happening when or if it happens. +With everything that’s been going on, the fud campaigns, the sliding, the distractions, the INSANE DD’s, the rabbit holing and further information and data gathering that is blowing the whole system wide open, let’s not forget: + +We have apes, silverbacks with diamond bollcocks, that haven’t seen green in many moons. + +We’re coming back guys, and whilst many of you went all in then and are legends for holding those x shares without the ability to average down, we are coming! Like a tsunami after the dinosaur asteroid, we are fucking coming! + +Start packing those bags apes! Your time is nigh, and less we not forget the sacrifice made to keep the share price 1$ higher during the onslaught of shady tactics, or outright financial terrorism, that sacrifice is acknowledged. + +We are coming, the cracks are appearing, and what is to come will be almost biblical. We are quick to predict dips, predict cycles, and acknowledge *it’s not time yet* but we need more hope, we need to be supporting the true diamond hands and bollocks or titties fighting the real daily battle. The DD is mostly done, but over time it evolves, and more comes to light, yet that doesn’t change the fact that these are holding through it all. + + + +LFG!!! + +P.s mods can we get a hype flair? 👀 +The CEO just stepped down, not only is that a bad thing in its self but it just shows how everything the where getting called out on is probably true. + +What do you guys think? +My case for REIT is based on the below assumptions. Does anyone know if REIT is a good alternative to buying physical real estate. How does it compare to buying Nifty 50? + +Why Real Estate? + +\- Diversify portfolio + +Why REIT? + +\- Does not require large initial capital or loan + +\- Not sure about the location for buying real estate. Prefer to stay on rent for a while. + +\- Probably has lower risk compared to buying an under-construction apartment or a plot of land +Not making enough profit doesn't worry me as much as a crash, given the lackluster economic performance of pretty much every sector of the economy, with the decline in business profitability, low IIP growth, and decrease capital expenditures being my biggest concerns. + +It seems to me that two things are propping the market up: firstly, the significant increase in investments via mutual funds, ie domestic investment. Two, the possibility that GST/Demo and other such initiatives of the govt. might have significant positive effects in the medium run. + +How are you all responding to this bull market with potentially weak fundamentals? + +Are there any good commentators (sites/columnists/etc) addressing these concerns? + +I purchased a Health Insurance for my parents from PolicyBazaar last week. They scheduled a Telemedical call and assigned a relationship manager. After that they email this and say that my application has been rejected due to "uncontrolled Blood Pressure" of my mother. They haven't refunded my Premium yet. I had agreed to pay the premium in monthly basis through recurring payment. In the PolicyBazaar website the status in still on "Decision Pending". I want to cancel the insurance in the free look period. Where do I go from here? + +The Email I recieved: https://imgur.com/gallery/rVKXG9W +Considering these growing talks of a global recession, I was wondering if its better to park a major portion of your funds in index funds and gold etfs? Especially if I have a short term view in mind say between 3 to 5 years? +About a month ago I went into the ER for chest pain. I just got the bill and my insurance didn't pay anything on it, I owe $1700. I can't pay this and I don't know what to do. I asked the woman behind the desk what I would have to pay because I wanted to make sure I could afford it but they took me back before she told me or even gave my card back. It says on the bill that $1643 was taken out as "adjustments" which was like half of what I owed originally, but it's still really high. Can I get it lowered any more? +Fuckin el. I was driven blindly by my beliefs instead of data and logic. I willfully ignored apes’ research because I wanted to believe that we were at 500k accounts. I thought “no fucking way we are only at 50k accounts” due to the broker reported DRS volume, the massive amounts of CS posts, and a few more anecdotal bits of ‘evidence.’ + +I thought that a low account number would dissuade apes from DRSing because apes were so far from DRSing the float. Turns out bystander effect is real because a whole lot of apes are just spectating like they are in some douchey twitch lobby. This is not a call to action. More of a…hmmm, other people aren’t gonna spoon feed you your mashed bananas. If you haven’t DRSd, please do some reading on here about the benefits of owning shares in your own name and what the risks are of leaving them with the DTCC. + +If you are skeptical about mod 11, give this a read: + +https://www.reddit.com/r/Superstonk/comments/q8ypae/we_can_put_the_mod11_debate_to_bed_once_and_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + + +💜💜Don’t be a spectator💜💜 + +I’m still currently paying off student loan debt and trying to build a strong foundation in savings (typical retirement accounts, brokerage account, liquidity in checking/savings, etc), but am aiming to make my first real estate investment soon. We’ve made a lot of process thanks to our relatively high incomes. + +It’s always been a goal of mine to try to invest in a little real estate and see how it goes (and, relatively speaking, I would like to start diversifying my investments away from the stock market). + +If you could do it all over again, any tips on how you would structure and finance your very first real estate investment? + +Would you get co-investors or go solo? + +All cash purchase or use the power of financing? If financing, how?? SBA/FHA? Regular mortgage? What term mortgage? + +LLC or just get an umbrella insurance policy? + +Condo? Single family? Multiplex? Townhouse? + +Vacation rental? + +Hire a property manager or try to manage it yourself? + +Advertising—Zillow? Social media? + +Target area—focus more on the very sought after neighborhoods where prices are relatively stable (but I’ll get a lower ROR and cash flow) or the emerging / gentrifying areas? + + + +Some requirements/parameters: + +—married with one child so buying and living in a multiplex is not an option. + +—is like to start out relatively small while i gain experience. + +—we own our own home and have a mortgage on it. +What are some things to consider when buying a rental out of state? + +I'm new to real estate investing, but I've saved enough for a down payment. My problem is the market where I live is all but impossible to generate positive cash flow. So I have to go out of state, but this means I'll have to buy the property site unseen and that I'm beholden to a manager to run the place. + +So I've done my research and found a couple options in Cleveland suburbs. All these options are in "B" neighborhoods and from what I can tell from descriptions and photos, all the major potential expenses (furnace, A/C, roof, bathrooms etc.) will be good for the next few years. Running the numbers and padding them on the worst case/conservative side all these options have the potential to generate positive cash flow closer to 2% and 15%+ CoC. + +Still, I'm new to this. I haven't purchased a house other than the ones I've lived in. What are some things to consider when doing this? I'm going to be contacting both a local realtor and property manager shortly, what questions should I be asking? + +Thanks in advance! +A client of of mine picked me to manage her prime rentals (6 units) of Airbnb. She has a total of 16 units and 6 of them are vacant. + +10 units are long term rentals with minimal vacancies at $2800 each per month. + +Now she wants me turn 6 vacant units into Airbnbs. I am allowed to use her team of cleaners free of charge. + +My question is: how should I structure this deal without me looking greedy? How much should I charge? She is pretty much giving control of her assets with minimal risks and headaches for me. + +Thank you +I got pretty lucky and was given a 100,000 dollar house after college to live in. I've moved out of the house and have had it up for rent the past year. I've been using a property management company so that I can focus on my career and have managed 9/12 months rented (slow start and switched tenants once which cost a month). After expenses and everything I believe I made around 4,000 dollars net this year from the rental, before taxes. This is only 4% ROI, which doesn't seem that great. + +&#x200B; + +My question is, am I missing a huge chunk of rental income by not being able to depreciate the cost of the residence over 27.5 years because I didn't pay anything for it? Is that even how it works? I don't have a mortgage or anything on it and it was passed down my from my parents to me. Could I claim their original purchase price as the depreciation? They also originally fixed it up for me, but I have none of the receipts or anything, so I doubt I can use any of that for tax purposes. + +&#x200B; + +Does this make it worth selling? I could take the $100,000 and buy two properties that could probably rent for 150% or more of what I am renting the single house for now. + +&#x200B; + +I like the location though. It seems shady, but the idea of selling it to my fiance so that she could tax the depreciation also came to mind. +I was able to put 20% down on my first investment property because I have partners. + +For my next property, is putting 20% down necessary? I worry that it is a waste of the cash I have on hand. I am also hesitant to go FHA because I have my first property listed as my primary residence. + +Most investment properties in my area seem to require 20 down but is there a way around this? Should I plan on putting 20 down on my next property? + +Thanks +Hello all, + +&#x200B; + +I'll keep this short, I'm a 28 year old nurse on the east coast who has a high savings rate ($2k per month, $15K in the bank) who's interested in REI. Considering how long the market has been up (10+ years) and housing market cycles, should I wait it out for a downturn? + +&#x200B; + +If you were in my shoes with no experience but a large amount of cash (My wife and I have more money saved than the $15k), would you hold off until the next cycle? I have other means of investing (work, Roth IRA's, brokerage accounts, ect.) and a stable career that is otherwise enjoyable. I figure to help out in the meantime, I'm spending the next year studying, reading, taking notes, exploring other investment options related to real estate investing... +Hello. I was reading about BRRRR on this subreddit, and something in particular has disturbed me about the concept (so far). Particularly, the feasibility of your rental income covering or exceeding the ultimate mortgage on the dwelling. This is a crucial component. + +Here's an example: I own a building right now that I purchased for $350,000 and that I can currently appraise for about $629,000. Now, I'm facing two options - sell the house outright and use the equity (about $385,000) to roll into my primary dwelling, or refinance at 75% (about $470,000) and do the same thing with the equity. There's a problem with all of this. The monthly mortage for this house will be $3,300, plus taxes and insurance are up in the $4,200 range. This is for a three bedroom house in the NYC metro area. + +There is literally no fathomable way that I could ever rent this house at $4,200 per month, nor would I want to. I would be inviting people who are likely to default on the rent, and besides, who would ever be able to come up with $12,000 to cover the first last and deposit escrows? + +Something feels completely wrong with these numbers. Is it just that they're upside-down because of the NY market? I would much rather buy, rehab, and sell than get involved in renting to single families. + +What's your insight? +Hello all, + +I have been working the past few months or so starting my apprenticeship to become a certified real property appraiser in Michigan. I have found from my few months at my company how directly the skills that you learn as an appraiser transfer over directly into investing. I know the usual feedback is that appraisers don’t make enough money to justify the line of work but my firm happens to be very well established in our state and the appraisers at my company do very well for themselves. + +That being said, I am pretty taken back that basically no appraisers (that I have come across) are investors themselves. There is added liability, however the ethics and liability line up fairly closely with agents. Not many jobs you can keep such a direct grasp of the market at all times. + +Are there any certified residential appraisers in this group that are investors themselves? I’d love to have a conversation! + +Also anyone with questions about the industry or the job in general, ask away! I obviously have limited experience and I am by no means an expert but I’d like to think I’ve absorbed the profession pretty quickly and in my opinion it’s a fairly guarded industry for good reason! I’d love to shed some light. +Husband needs new tires and we are in debt. We’ve cut out any subscriptions, are eating ramen (eggs and potatoes is also a new cheap meal), and are now selling our electronics (my switch I’ve had since 2017, the TV, movies, etc) and anything that isn’t damaged that can fetch a price. We also both work full time and I’m looking for a weekend job. It’s really hard to let go of the things we use as coping skills (my switch especially) but I feel better knowing his tires won’t blow out on the way to work and I can pay the house payment. + + +Just wanted to share to a group who would understand. No one else in our real lives is in our poverty boat and doesn’t understand our drastic changes. + +Edit: thank you so much for all the support and advice. We have looked into many of the advice offered and will be following through. Thanks to the kind messages I received as well. +SEC RESIGNATIONS + +Chief of Enforcement resigned yesterday. +Two other Chiefs of Enforcement have resigned since January. +Chief of the Office of the Whistleblower resigned 3 weeks ago. +Chief of Economic and Risk Analysis resigned in January. +Chief of Staff resigned in January. +Chief of Investment Management resigned in January. +Chief Accountant resigned in January. +Chief of Corporation Finance resigned in March. +The SEC has had 4 different chairmen in the last 4 months. + +Ape no connect dots. But something’s going on. + + + + +Reposting from WSB cuz it got removed there for no reason early this morning 🤔 +I've been on this sub a bit and notice a lot of posts complaining about workload/general frustrations/work-life balance/etc. + +I want to know what are some great benefits to working in the finance industry? + +I clearly know pay is a huge factor. Just interested in other people's thoughts. +Good Morning! + +I am a proud GameStop shareholder, who believes that your company is being attacked by nefarious actors in the US markets. It is believed by many, as I’m sure that you are aware, that hedge funds including Citadel, Point 72, Jane Street, Melvin Capital and many others are colluding to “short and distort” (as referred to by the SEC) your stock, in tandem with Jim Cramer and other “Wall Street analysts”. In doing so, your company is severely undervalued, destroying shareholder value presently and for future returns on investment. It is my belief, as it is that of many others, that removing our common shares from street name brokers is in our best interest, as they are most likely complicit in the unauthorized lending of cash shares for the purpose of rehypothicating and reselling the shares into the market. Myself and many others, as referenced in your most recent 13F filed with the SEC, have began removing our shares from the DTCC and street name brokers, by directly registering then in our own names, with your transfer agent, ComputerShare. The issue myself and many are finding, is that our IRA’s are unable to be transferred to a non-retirement account. Based off of the very recent addition of a GME help line at ComouterShare, and the aforementioned 13F filing, I believe that GameStop knows this is in its shareholders best interest as well. I am not looking for confirmation of this, however I am looking for assistance in this process. Your shareholders would like the opportunity to move our retirement accounts to your transfer agent, in order to protect our investments from the criminals involved in the US markets. We would like to protect our retirements, as well as protect GameStop from further manipulation, and it seems the safest way to do this is to remove our shares and retirements from the DTCC entirely. Thank you so much for your time and your consideration of this, and I wish you the best this holiday season. +Most recent update: Edit 5: seems to have referenced this possibly? https://www.sec.gov/news/studies/2009/oig-509/exhibit-0292.pdf in the re? Talks about failing to get best execution in a case from 2005. I need a cup of coffee and I can try and read through it but it seems relevant. + +DD based on this tweet + +https://twitter.com/michaeljburry/status/1441484243389927428?s=21 + +Backup link + +https://twitter.com/BurryArchive/status/1441485742866243585?s=20 + +Rule 203.8 “service of subpenis issued in formal investigative proceedings shall be effected in the manner prescribed by rule 232(c) or the commissions rules of practice, § 201.232(c). “ + +Scion is being served a subpoena from a current formal investigative proceeding. + +~~That last rule reads “(a) Availability; procedure. In connection with any hearing ordered by the Commission or any deposition permitted under § 201.233, a party may request the issuance of subpoenas requiring the attendance and testimony of witnesses at such depositions or at the designated time and place of hearing, and subpoenas requiring the production of documentary or other tangible evidence returnable at any designated time or place. Unless made on the record at a hearing, requests for issuance of a subpoena shall be made in writing and served on each party pursuant to § 201.150. A person whose request for a subpoena has been denied or modified may not request that any other person issue the subpoena.”~~ this was not invoked sorry, c was. + +“(c) Service. Service shall be made pursuant to the provisions of § 201.150(b) through (d). The provisions of this paragraph (c) shall apply to the issuance of subpoenas for purposes of investigations, as required by 17 CFR 203.8, as well as depositions and investigations” + +Amongst a few things, just honestly look up the rule numbers and read em. Those just mean how he’s getting served and why. + +~~201.233 But does that mean gamestop could’ve subpoenaed him? Or is “party” someone else. I don’t believe this anymore lol am dumb~~ + +Edit: + +This is the overall hierarchy, this is above what I said earlier, but all of this applies because 203.8 is invoked. + +“17 CFR § 203.4 Applicatiability of §§ 203.4 through 203.8 + +(a) Sections 203.4 through 203.8 shall be APPLICABLE to a WITNESS who is sworn in a proceeding pursuant to commission order for investigation or examination, such proceeding being hereinafter referred to as a formal investigative proceeding” + +(b) Formal Investigative proceedings may be held before the commission, before one or more of it’s members, or before any officer designated by it for the purpose of taking testimony of witnesses and received other evidence. The term officer conducting the investigation shall mean any of the foregoing.” + +My opinion it was his large buy and sell maybe him testing the waters? Now they wanna have on record the evidence he found. + +Edit 2: + +“17 CFR § 203.5 Non public formal investigative proceedings. + +§ 203.5 Non-public formal investigative proceedings. + +Unless otherwise ordered by the Commission, all formal investigative proceedings shall be non-public.” + +That last one is just mean I know it’s an ongoing trial but I feel like we should see:( + +**Edit of post: I didn’t link the tweet like an edit** + +Edit of post two: it is my current belief that he is either the first witness or first witness to make it known to the public, but that means that the SEC has a legitimate formal investigation into the events around gamestop short fuckus, they are actively procuring witnesses. I believe that this investigation is NON PUBLIC meaning, at least for now all we’re gonna see and hear is what the good papa rc above tells us. + +if they’re getting scion as a witness color me and my tits jacked, are they actually listening to people with knowledge? Hopefully soon we’ll find out, but I wouldn’t be surprised if we find out by criminal charges being filed. This last edit is just speculation and my theory here but like, all the legos are on the floor and they paint a pretty clear picture in my head. + +Edit three: According to “17 CFR § 203.2 - Information obtained in investigations and examinations” all info and documents in the course of investigation or examination unless made a matter of public record shall be deemed non public BUT the commission lets officials from some branches clue in lower level employees if I’m reading that right. **I think the important wording here is “unless a made a matter of public record”.** + +**EDIT FOUR: Can someone take a look at “17 CFR § 240.24c-1 - Access to non public information” and tell me exactly how retail got fucked here? Like it looks like everyone and their dog can have access to no public info. Can any of the infamous criminal slackjawas have access to this? I think they are a (2) self regulatory organization right? Am I reading this right? According to a commentor it’s up to their discretion** + +Scary testifying or whistle blowing if the one who are cheating can see what’s goin on. + +Edit 5: seems to have referenced this possibly? https://www.sec.gov/news/studies/2009/oig-509/exhibit-0292.pdf in the re? Talks about failing to get best execution in a case from 2005. + +Update- I’m gonna chill here, I’ll still be replying but I feel like some apes out there should be looking here. I stuck my head into the blender for a lil too long and all that legalese makes my smooth brain wrinkle a lil. Kinda hurts so imma go back to watching baking videos and imma chill. I feel like it takes a fresh pair of eyes to make a new observation before I do anymore deeper research. I’m really worried about who can see the “non-public information” + +Edit 6: Happy Saturday I’ll keep updating when I find something relevant. +I think this sentence in the Wikipedia intro of Bitcoin is irrelevant. The USD as well as been used in illegal online money laundering, but I don't see any mention on the USD wikipedia article... + +[http://en.wikipedia.org/wiki/Bitcoin](http://en.wikipedia.org/wiki/Bitcoin) + + +I was thinking about writing this in the Talk Page. Someone could help with phrasing ? + + + +**Edit :** + +I was thinking about writing this on the Talk Page of the article. Can someone help me with phrasing ? + +----- + +"Bitcoins have been associated with illegal online activity such as money laundering." + +Any currency has been associated with illegal online activities, including money laundering. As this information can't be found in the wikipedia articles of the USD nor any other currency than Bitcoin, it should be irrelevant to only mention it in this article. + +At least, we could add : "However, all fiat currencies have been associated with illegal online activities and this had no reported negative impact on their value/trust." + + +----- + +**Edit 2** + +It has been "Moved to keep factually merited information about illegal activities to the respective section, #Criminal_activities.". It now reads : + +"Bitcoins have been associated with illegal activities such as money laundering.[136] Though the degree of anonymity provided by Bitcoin has raised concerns about criminal or fraudulent activities such as money laundering, a late-2013 academic study noted the "unintuitive property" that while Bitcoin ownership is implicitly anonymous, the flow of Bitcoins is globally visible in the form of public ledgers that record transactions, the study asserting that even the most motivated criminal users engage in distinct "idioms of use" that would aid law enforcement in identifying them, thus making large-volume money laundering impractical.[137]" + +**I don't know who wrote this, but it sounds good to me ;-)** + + +https://seekingalpha.com/article/4350604-uber-is-not-next-amazon-and-is-not-worth-60-billion + +> Summary +> Uber has a significant cash problem, suffers high interest rates, and lacks a clear plan. +> +> The underlying growth and future potential profitability do not justify the stock's current valuation. +> +> CEO's statement and the company's aspiration to become the next Amazon fall short with reality. +> +> I am bearish on Uber. +> +> The past two-month rally has doubled Uber's (UBER) stock, which, in my view, is impossible to justify. Even at its 52-week low a little under 14$/share, I felt that its valuation is absurd, let alone at its current $34/share. Investors are pricing Uber under the impression that it's going to be the next Amazon (AMZN), as stated multiple times. Uber's CEO Dara Khosrowshahi has previously compared the company's business model with that of Amazon. By the end of the article, I hope that it will be clear why this is not the case, and why the stock is not worth $60 billion. +> +> In this article, I will discuss: +> +> Uber's cash burn rate and its impact on debt and equity +> The company's lack of a clear strategy +> The absence of exciting growth +> The reason the stock's current valuation is unreasonable +> Conclusion why the company is not the next Amazon +I've been talking to a trader friend of mine. The market these days doesn't give a f\*\*\* about fundamentals. It's mostly driven by events and the technicals. Companies beat earnings and drop by 10%. Companies miss earnings and go up by 5%. It's a mess. + +The only stable companies are the likes of $FB $GOOG $MSFT etc. Small and mid-caps are being stomped. A conspiracy theory floating on the web: hedge funds are trying to show the retail investors "who's the boss". Therefore, retail favourite stocks like $CRSR $TTCF and others are being thrashed. Particularly outside of regular trading hours. + +Obviously the market is extremely volatile right now and we can see that by getting mini crashes and selloffs whenever J Powell is scheduled to speak. Just gotta stay strong, keep some extra cash on hand to buy any good dips and manage expectations. We can probs expect the same conditions (or worse) for at least 6 months IMO (due to taper, interest rate talks, etc.) + +Thoughts? I really want to hear other opinions. Are you guys bullish / bearish? What are some ways that you cope with the current market (if you've changed your strategy at all)? + +P.S. This is an amazing learning experience IMO although it's likely to cost me (us) a decent chunk of cash. That's the way I'm looking at it :D it'll just make my investing better in the long-term. +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 found there's a myth of most FIRE calculators: they assume I will live toward 95 and suggest saving amount accordingly. However, after considering morbidity rate, I'm more likely to be dead than broke after some age. (See my [link](https://engaging-data.com/will-money-last-retire-early/?spend=40000&initsav=1000000&age=35&yrs=60&stockpct=80&bondpct=18&cashpct=2&sex=1&infl=1&taxrate=0&fees=0.3&income=24000&incstart=65&incend=95&expense=6000&expstart=35&expend=65&showdeath=1&showlow=1&show2x=1&show5x=1&flexpct=10&spendthreshold=100&mort=ss)). + +I don't have good gene running in the family and I don't find much meaning struggling to extend life. I have no offspring; I wish to spend the last dollar in my last minute of life. I feel FIRE (especially lean FIRE) makes a lot of sense to me. + +What is your take on FIRE when considering life expectancy? +WE WANT THE UPDATE KING!!! + +[https://www.reddit.com/r/wallstreetbets/comments/d1g7x0/hey\_burry\_thanks\_a\_lot\_for\_jacking\_up\_my\_cost/](https://www.reddit.com/r/wallstreetbets/comments/d1g7x0/hey_burry_thanks_a_lot_for_jacking_up_my_cost/) + +Look at that first comment section. This man never doubted his vibe. + +**V A L U E I N V E S T I N G** + +We're all here dreaming of hitting the big one and quitting the rat race and he fucking did it. + +HE. FUCKING. DID. IT. + +&#x200B; + +edit: + +he posted it [https://www.reddit.com/r/wallstreetbets/comments/kwpviw/gme\_yolo\_update\_jan\_13\_2021/](https://www.reddit.com/r/wallstreetbets/comments/kwpviw/gme_yolo_update_jan_13_2021/) + +$5.7 million...deep fucking value indeed. + +&#x200B; +>Active management is bad and it’s getting worse.  Every year, S&P Dow Jones Indices does a study on active versus passive management. Last year, they found that after 10 years, 85% of large-cap funds underperformed the S&P 500, and after 15 years, nearly 92 percent are trailing the index. + +That alone sounds pretty bizarre... However I think there are nuances to that. + +What's your success rate as a DIY investor/trader? Have you managed to beat S&P 500 over the course of at least 2-3 years? If you did what helped you the most and how you had to adjust your approach? + + +During COVID lockdowns Shanghai facilities including the Apple factory kept operating by forcing workers to sleep in the factory. + +&#x200B; + +Factory workers at a Shanghai facility that makes Apple products rioted on Thursday, clashing with guards in hazmat suits and jumping across security barriers in an apparent mutiny against strict coronavirus restrictions, dramatic social media video shows. + +&#x200B; + + Meanwhile, many Shanghai facilities including the Apple factory have sought to keep operating during the lockdown though a “closed loop” production system. Under this system, employees are generally banned from leaving company facilities even during off hours and are forced to live and sleep in the factory or at a nearby dormitory. They are not allowed to see other people, including their own family members.  + +&#x200B; + +[https://www.marketwatch.com/story/apple-workers-in-shanghai-riot-over-covid-restrictions-11651946691?mod=mw\_quote\_news](https://www.marketwatch.com/story/apple-workers-in-shanghai-riot-over-covid-restrictions-11651946691?mod=mw_quote_news) + +&#x200B; + + https://twitter.com/RFA\_Chinese/status/1522492516402032641?s=20&t=h7lvCbOk6FnTpFgmIAiXCA +I'm a guy in my late 20's from Germany. Growing up I never forgot how they gave us the Euro when I was a kid in the early 2000s. Initially for every 'deutsche mark' we got 0.5 Euros, but I was super confused when my parents told me that their salary got divided by 2 (x0.5), but consumer prices went back to the "old" deutsche mark prices within one year - meaning as an end result they didn't get divided, but salaries stagnated. I was ~8 years old at the time, didn't understand what was going on, but felt that something super strange happened. + +In 2008 the financial crisis/euro crisis hit, people where afraid, the media went crazy and when I was ~14 years old I needed to learn that I can't get interest at the bank when I want to save my money for hard times in the future. + +I finished school, went to university, studied medicine, did my PhD and looked at the world: House prices doubled! +I realized that even as a physician in Germany I will not be able to buy a house in my home town without being indebted until the rest of my life, will not have the financial freedom to pursue projects which might take time. + +I got depressed, I questioned everything, why do I even get up in the morning? My whole life I tried to do everything right, I saved for my future family, I studied, did research, but there was no chance of getting out of the debt-machinery. + + +Then I discovered Bitcoin. + +I learned about austrian economics, time preference and how fiat is affecting every single aspect of our lives, including morals, and the general perspective we look at our life's. + +I pray to God that Bitcoin will continue to transform the life's of people on the globe, like it did mine. + +I was lost, but now I'm found. + +Thanks to everybody building and supporting the Bitcoin network. +So today is my brother's 13th birthday.He is pretty tech savvy and he looks up to me a lot so I did what someone never did for me on my 13th birthday.I bought him $50 worth of BTC and gave him his very first bitcoin address.Considering I am now 21,if someone bought me this amount in 2013 and taught me what bitcoin and crypto is all about,I would now be in the 5-digit mark,just from that $50 alone. So for anyone out there with younger relatives,give them the gift of bitcoin.They will definitely appreciate it sooner or later. + Speaker of the House Nancy Pelosi recently added money to the REOF XX LLC. + +Congresstrading notes this LLC received $1.4 million in paycheck protection program (PPP) loans.