diff --git "a/reddit_finance_43_250k_395.txt" "b/reddit_finance_43_250k_395.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_395.txt" @@ -0,0 +1,10000 @@ + +One of the sectors hit hardest during the COVID-19 pandemic was hospitality, which included restaurants and hotels. A member of the U.S. Congress could be betting on the comeback of hotels with a recent investment in an LLC that owns hotels. + +What Happened: Speaker of the House Nancy Pelosi recently added money to the REOF XX LLC that she has previously put money into. + +As reported by Congresstrading on Twitter, Pelosi put $15,000 to $50,000 in the LLC on Aug. 24. The investment was reported today with a new filing. + +The filing said this is an additional investment in the LLC that acquired five Courtyard by Marriott hotels: Fairfax, Virginia (1 hotel); Baltimore, Maryland (2 hotels) and San Antonio, Texas (2 hotels). The Courtyard by Marriott hotels are franchised by Marriott International Inc + +Congresstrading noted that this LLC received $1.4 million in paycheck protection program (PPP) loans as part of the federal government’s program to help struggling businesses during the COVID-19 pandemic. The PPP loan was forgiven and used for payroll according to another source. + +Source: [https://www.benzinga.com/news/22/09/28816573/is-nancy-pelosi-betting-big-on-hotels-a-look-at-an-investment-the-speaker-of-the-house-made](https://www.benzinga.com/news/22/09/28816573/is-nancy-pelosi-betting-big-on-hotels-a-look-at-an-investment-the-speaker-of-the-house-made) +[https://www.bloomberg.com/news/articles/2018-07-10/u-s-is-said-poised-to-publish-200-billion-china-tariff-list](https://www.bloomberg.com/news/articles/2018-07-10/u-s-is-said-poised-to-publish-200-billion-china-tariff-list) + +President Donald Trump is preparing to release a list of an additional $200 billion in Chinese products to be hit with tariffs, according to two people familiar with the matter. + +The list could be released as soon as Tuesday, and likely this week, according to the people, who spoke on condition of anonymity because the matter isn’t public. The publication of the list starts a weeks-long process that includes a public-comment period and hearings. + +Stock futures fell and yields on 10-year Treasuries declined on concern of a widening trade war. + +The Trump administration on July 6 imposed 25 percent duties on $34 billion in Chinese imports, the first time the president has implemented tariffs directly on Beijing after threatening to do so for months. China immediately retaliated with duties on the same value of U.S. goods, including soybeans and cars. + +The U.S. is currently considering levying duties on a further $16 billion in Chinese goods, after a public hearing later this month. China has vowed to retaliate dollar-for-dollar to any further U.S. tariffs. + +The new list would mark the latest escalation of the trade war between the world’s two biggest economies. Financial markets have so far shrugged off the first round of tariffs, which were long-telegraphed, with U.S. stocks up since Friday. + +The press offices for the U.S. Trade Representative’s office and White House didn’t immediately comment when Bloomberg News contacted them. + +### Broad Upswing + +The International Monetary Fund has warned that a full-blown trade war could undermine the broadest global upswing in years. + +Trump last month asked the U.S. Trade Representative’s office to identify $200 billion of Chinese goods that could be hit with 10 percent tariffs. Since then, the president has said his administration could impose duties on virtually all Chinese imports into the U.S. + +Industry would be given time to comment on any new levies before they take effect. + +Trump has been considering tariffs against China since his officials concluded in March that Beijing violates U.S. intellectual-property rights, such as by forcing American firms to hand over technology. +Just got out of a conversation with my manager and the above was a quote that really stuck out to me. + +First of all, "recognition" doesn't pay my bills, my salary does... but I'd like to know what you all think about this kind of managerial attitude. My place of employment, to the best of my knowledge, does not give out monetary bonuses... but we do get pizza parties when the contract wins an award fee (woo...). + +I have a story from when my mom first started working salary. She was busting her ass, putting in 45+ hour weeks, not getting paid over time, and it was really taking a toll on her. She repeatedly said she wished she was hourly so she would make what she should be but kept it up because she believed that working that hard would reflect positively and she'd get a decent raise the next year. + +The review period came and when she got home that night I could just tell something was wrong. I asked how it went and she just tossed a Snickers bar at me. She said she was "recognized" for her outstanding performance and was given a candy bar. And something like a 1-2% raise. She quit about 3 months later. + +Every time I hear a manager talk about rewards other than boosts to salary, I recall this story / memory. I think they just want to give me a Snickers and tell me to go fuck myself for working hard. Recognition is nice and all, but a $5 gift card to Subway hardly makes up for taking on progressively more and more responsibility. And really, in my opinion, kind of feels like a slap in the face... All this extra stuff I do is only worth $5 to you? Why even bother doing the extra then? + +So, again, how do you all react to the managerial attitude that there are other ways to recognize above and beyond performance other than an increase to salary? + +Maybe I'm just in a negative space and need perspective. +I didn’t consent to living life but I’m constantly paying for it. Why does everything have a price tag? + +I literally just started saving a little and getting by being super frugal. But I was still happier than before. And then life just fucks you over because why not.. + +Edit: thank you everyone for the advice/info/support. I’m going to look into it more but it seems I have more options. Unfortunately the person I spoke with on the DV hotline told me to have all my important documents together for when a spot opens up and I need to move fast. She said all the documents would be needed to get me in as well so I’ve been prepping by keeping everything ready. That’s also when I noticed (luckily) that my passport was expiring soon. + +I’m not planning to travel Internationally soon but the long term goal is to leave this country, and all the traumatic memories associated with it, for good. I think I’ll look into the passport card instead so I have it as a point of ID for now. Hopefully I’ll have more money for a book in the future. + +I have to call my DV contact again and see if any of the local shelters I’ve been trying will take me in without all my documents. Now that I think about it, most people leave everything behind so that shouldn’t be a requirement. + +Idk if I’ll get around to responding to everyone, but I seriously appreciate all the advice and help 💙 +It all boils down to "many minds are better than one". Plus, some cool new software [{UNU}](http://go.unu.ai/unums/390) that taps the collective intelligence of groups. Here is how CBS NEWS described it yesterday: + +http://www.cbsnews.com/news/artificial-intelligence-your-key-to-kentucky-derby-betting-nyquist/ +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 sitting at a nice hotel having buffet lunch with family, thinking 'i don't deserve this, I can't afford this myself..and I'm 28' + +Some weeks ago I made a lot of money in crypto futures and I was hooked. With the years of trading experience I thought I could beat the market by reading charts TA and being aware of news and trends. Last week I lost it all as I got liquidated for a short position. + +My own brother and many friends have Bitcoin and since the Bitcoin rally, they are all very .. euphoric (even this is an understatement). + +I can't help but to acknowledge my failure at risk management, the lack of patience, and the inevitable comparison to my own brother and friends who have done much better. I know I should not dwell on past performance, but what can I do? + +I see charts and I feel this heart wrenching pain, when they mention Bitcoin I feel left behind.. anyone can relate? +https://preview.redd.it/xctwvijejtm61.png?width=960&format=png&auto=webp&s=bc3f82e8786d22fc44d00b6f9114ed282f2b44a1 + +[LINK ON TD FOR PEOPLE WHO DONT BELIEVE ME BECAUSE IM BEAUTIFUL](https://www.tdameritrade.com/td-ameritrade-trading-restrictions-stocks.page) + +[See my post on GME and other stocks from yesterday which was very successfully buried and received little attention.](https://www.reddit.com/r/wallstreetbets/comments/m35u61/memeageddon_judgement_day_witching_day_march_19th/) + +**Brokerages are starting to realize shorts are in BIG TROUBLE in $GME and $RKT.** + +So far $RKT shorts have been in COMPLETE CONTROL of this stock and it's price since they IPOd at $18 in 2020. + +In Feb 21 RKT BLASTED away earnings expectations and revenue with growth of 161%! Crazy amazing unexpected growth and profitability. The share price went from $19.90 to $21.85... LOL + +&#x200B; + +https://preview.redd.it/bwx447sfjtm61.png?width=594&format=png&auto=webp&s=e718f52e50d2819d41bc226f160d0f2d00562b8c + +Since then + +&#x200B; + +https://preview.redd.it/fbroivvgjtm61.png?width=2093&format=png&auto=webp&s=459319c3ad0b896088e1b73b0e1520543769a979 + +On March 1st and 2nd the shorts got side-lined by a bunch of WSB interest and the price spiked +71% to $43. + +RKT CEO says their share price at $43 is OK but they are still not being fairly valued to peers. (youtube links not allowed) + +So what do the shorts do? They DOUBLE DOWN as they always do! + +They unload millions of new shorts to attack the price: + +On March 4th they have dropped the price to $26.80. + +**This chart shows the available short shares to borrow and the fee. On March 4th there are ONLY 100,000 shares available and a HUGE BORROWING FEE OF 59%** + +&#x200B; + +https://preview.redd.it/rgtiqziljtm61.png?width=1243&format=png&auto=webp&s=3979f04d5b95acb8b0a097642ff84bbfe185e553 + +Data from here: [https://iborrowdesk.com/report/RKT](https://iborrowdesk.com/report/RKT) + +In the meantime paper-handed retail investors HAVE SOLD to this very obvious GME tactic once again and there are now more shorts available! These guys are so good at doubling down. + +[Market Watch calls Short Interest at 40% on Feb 26th. Since the price went up and they just shorted millions more shares you can bet your sweet bananas short interest is probably higher.](https://www.marketwatch.com/investing/stock/rkt) + +From a technical analysis POV the chart has 3 trailing support lines. In other words the price is very unlikely to dip below $23.50. Your downside is very minimal. + +&#x200B; + +https://preview.redd.it/ry9hxdfmjtm61.png?width=2118&format=png&auto=webp&s=2dff7ec2116f2f0de0bfdd5be0a7ae90f6318967 + +The morning of March 12th RKT was UP in pre-market. When the market opened there was huge volume and price drove down, killed the momentum and people thought they lost. + +During that same time MILLIONS of shorts were fired: + +&#x200B; + +https://preview.redd.it/q8yr8b5njtm61.png?width=387&format=png&auto=webp&s=d55b9cbcddae79869becb78017a1832a6b4dfeda + +Shares available went from 5.6M to 1.9M. Then retail SOLD.... You weak apes. + +The OPEN INTEREST for MARCH 19th OUT THE MONEY IS INSANE. + +&#x200B; + +https://preview.redd.it/6pu6cv0ojtm61.png?width=910&format=png&auto=webp&s=a945e90e1e0dfeeef8d416156dca3c3635a26c3e + +Check out the strike of $30 with 48,889 contracts. On a float of only 100,000,000 (a little bigger than gme) that represents 4,888,900 shares just there (usually MMs will buy 50% or so as it approaches ITM). + +In other words if this gets to $29 it will just keep going up until the highest strike - So above $65 likely. + +**That's about a 300% return from current price.** + +Also remember we have the DTCC new rule coming soon, we don't know the date yet but that's making the shorts piss their pants as they would have less liquidity to fight with. They really want to shake out all the retail money at the cheapest price THIS WEEK. + +&#x200B; + +https://preview.redd.it/qelq19cpjtm61.png?width=816&format=png&auto=webp&s=1177d9ce4e4baf2b65056ad52ef14f108b1c7da4 + +**TLDR:** + +RKT is one of the most manipulated prices since IPO. Despite amazing performance, surprise earnings, dividends and buyback announcements the stock has been held under $24. + +The stock is starting to be put on short-selling restricted lists which means shorts are over-risked and brokerages know this. + +RKT has a relatively small float with high short interest. It won't take a lot to light the match. The options interest for next week also allows for a big gamma squeeze if the price hits $29 for a sustained period. We're at $25... It's not a lot to ask for. + +Disclaimer: This is no financial advice. +just comming here to ask about the amazon credit card. hopefully someone here has one/has had one and can shine some light on them. seems like pretty high intrest, but i do a decent amount of amazon shopping and it could be a easy way to build credit on purchases that i already make, but i dont know much about credit cards. +Hey Apes, wanted to give a quick update as I'm getting pings from people asking about part 3. + +It will be the most ambitious work I've done yet, and ties a lot together. + +**OH AND IT'S JUICY** + +Aiming to have it out before Friday, but might need to push it into the weekend (i.e. first weekend in August). + +Stay tuned... +I just got off the phone with my credit card company reporting a fraudulent charge from an unnecessary monthly credit report monitoring service. They're cancelling my card and reissuing it to me, but before I hung up, the rep began spouting off a scripted upsell...of the same monthly credit report service. + +I'm not sure how the charge appeared on my card in the first place, but the only thing that makes sense in my mind is that I've heard these upsells before and during the last call me or my SO had call with this company, they caught us unawares (it can sometimes be hard to understand what the person on the other line is saying). It's very easy for a rep on the other side to manipulate you to agree as they'll always form the upsell in a form of a question (e.g., "We're going to provide you with amazing monthly credit score protection, OK?"). + +Just wanted to provide a head's up to always carefully listen for upsells on the phone so you're not caught unawares! + +P.S. First time poster, long time lurker, I'm debt free thanks to this subreddit, thanks! +Just another reminder. The worst they can say is no. I read this tip a few months ago on this sub. My son was born in December. We owed about $2700 to two different billing dept.'s at the hospital. + +First lady immediately took 10% off. The second one put up a very minor argument saying probably not... and just one minor pushback and she said she'd talk to her supervisor. She called me back 30 minutes later with a 10% off offer. +So don't bash on me too hard but do try to explain to me in the most understandable way possible. + +I have a long term portfolio in stocks which I adjust occasionally to maximize profits. My main source of income and my full time job is scalping futures throughout the day. Specifically ES and CL. + +I don't use margin for my long term investments, only cash available to me. If I have $5000, I will only purchase $5000 worth of stock and not use margin. However, if I was to purchase let's say certain amount of shares for a total of $5000 and the stock went up 1%, I would make a $50 profit. If I used margin and borrowed let's say an additional $3,000, I could purchase $8,000 worth of stock total and if the stock went up 1%, I would actually make 1.6% of my cash account but still 1% of the total Cash + Margin. + +I just don't understand the leverage on Forex however and if it's at all the same. I don't understand for example on EURUSD the lots. 1000 is 0.10, 10,000 is 1, and 100,000 is $10. Please explain to me how let's say using leverage for scalp something like EURUSD would help me. I tried reading all over the place but maybe I'm too slow to understand the Forex world? Give me an actual example of how it would benefit someone if they had let's say $3000 to trade in cash. +Brothers and sisters, + +I quit my job to trade forex fulltime. Any encouraging words or positive advice? I am scared to death, I am 24, I am putting myself into a situation where I must force myself to become successful, or end up moving in with my mom. Tbh, I have been a better trader since I quit my corporate job 2 weeks ago. I am still unsettled. Please dont give me any hate. I receive enough from mostly everyone I know. + +Cheers, +Nephi G +Basically, I have a strategy that works very well for me. The problem is, it only works on one pair being eurusd ONLY. I've tried backtesting it on other pairs and I simply could not find any trade that works. + +In the long run, I could see myself profiting alot from this strategy BUT at the same time, I'm afraid that my strategy might just stop working one day seeing that it only works on one pair currently. + +What are you guys opinions on this? Does a strategy just stop working suddenly? FYI, I trade purely price action using smart money concepts. + +Edit: Rephrased as there were lots of unnecessary comments. + **US 10yr yields have notably tightened, falling from 1.10% yesterday to trade around 1.04% today. Yields still remain elevated in 2021 compared to earlier in the pandemic. " does that mean that less** [**$USD**](https://twitter.com/search?q=%24USD&src=cashtag_click) **is being purchased? "** +The amount of energy these instagram forex scammers put into making their profile look legit is nuts. + +I assume the majority of them are from 3rd world countries just trying to rip off 1 American and that would cover like 6 months worth of their expenses. + +Thoughts? +Hello. + +I've written my first [trading plan](https://drive.google.com/open?id=1BZCfJC8IMCQ3WfiRiVCT0sxnKpkxcTQ8z6JkH5QmFL4) and I'd like some feedback on it. I want to use it as a base for my backtesting during this weekend (also, something I've never done before). + +Is it mechanical enough? I've tried to give me as little room for interpretation as possible. +I have $60 in cash, I am a minor. I've been watching hours of forex videos on YouTube, and I get the mt4 app on my phone and the program on my computer, because I heard about demo trading. I just have no idea what to do. I was interested in Fidelity as a broker but I'm not sure if they offer forex trading. I would like to know what the difference is between me who knows nothing(despite watching many YouTube videos) and you guys who actually do this regularly. Is it experience? If you must answer me with more questions please do I would be more than happy to talk +Once you develop a strategy or list of setups along and the right mindset to be profitable with Forex trading... + +Do you continue to research, develop, and backtest possibly more profitable strategies? + +If so, to what extent? + +Are these strategies comparable to your existing ones? Just with small changes? + +Is there a different approach to research and experimentation once you have developed profitability? + +(Since some strategies don't work forever) Do you begin experimenting again on a demo account once your strategy seems to not work anymore? At what point do you no longer see it as profitable? (keeping the macro perspective in mind of course) +If this is a bad question to ask just lemme know or delete this post! + +Heres what I'm wondering... What strategies, tools, "rules of thumb," tips, patterns have you learned about or developed, tried out and learned from your practice DIDNT WORK FOR YOU? + +Things that you purposefully implimented in your strategies and found that they more often than not didn't result in sucess? + +I'm hoping this could be a good post becuase folks can share their experiences and we could hopefully learn from all of that... + +I'm just starting out and am positively saturating myself in books (mostly downloading what I beleive are the most important, Murphy and the like), articles, vlogs, podcasts, all the things.... in addition to learning from a good freind of mine. I have made absolutely 0 trades, I have signed up for practice accounts and am teaching myself to read charts and to use brokerages tools, and am still learning the lingo and many aspects of all fo this.... + +So it seems I AM finding alot of solid and clearly shared insights/teachings but also plenty of divergent opinions and specific strategies. Tips and advice that may be great or may be garbage! + +I know full well that this is the nature of the beast as no one has "perfect solutions" especially becuase this is economics, with psychological feedback loops involved of people outsmarting the outsmarters and seeking to perfect their practice in an area with built in uncertainty... but because of all that it is clear that folks are trying all manner of different specific peices of their strategies, and learning from their mistakes as they should! + +&#x200B; + +And so that seems to imply that sucess in Forex and in TA trading naturally involves smart and methodological trial and error. + +&#x200B; + +To be clear I'm asking about specific TA strategy rather than focus on psychological discipline in managing risk, though of course they are intertwined. That is to say I am curious about things like specific use chart patterns in predicting trends, use of charting tools and indicators in particular ways, finding entry and exit strategies, focusing on specific time scale charts that DIDNT WORK FOR YOU,... that kind of thing, rather than the (of course quite valuable to learn from otherwise)topics of "I failed to impliment my strategy due to panic and FOMO" in folks experiance... In other words I think it would be awesome to focus on/learn about TA strategy pitfalls and appreciate and learn about the psychological failures of risk management and impulsiveness in other venues... + +Another area I'm very interested in is quantitive and statistical analysis, so if anyone wants to go into that stuff I'd love to hear it but it may be beyond the scope of this post.... + +&#x200B; + +So yeah, I'm sure yall might have some insight into this "bad practices" question, again if this is innapropriate for this sub I totally understand, just appreciate any response or answers in advance! + +Edit: oh yeah and if this post/subject is already a thread, lemme know, thanks!!! +So im kinda new with this have figured some things out but im kinda doubting myself with this one. So basicly i chose around 8 pairs i like to trade for no real reason i chose 8 because i found i find the most setups without overtrading. I skipped those that were unrecommended for beginners but would like to hear yout opinion on how many i should watch and some examples for beginners. I trade price action only and have seen some profitability but nothing with live accounts. Thanks in advace as this i think has really been the most unsure thing so far. + +EDIT: Hearing a lot of people recommend only sticking to very little pairs what are your thoughts on trading indexes, gold(i know it isnt for beginners thats why i avoided it so far) +Asking because I am seriously considering to do this full time since this is the best job to not trigger my social anxiety (yea I can't work the normal job meeting w people) +I don’t see oil companies being mentioned very often in your dividend portfolios. However they all pay decent dividends. + +Are people avoiding them because of volatility? Or do any of you actually have them in your portfolios. + +Thank you! +Hi Folks, + +I'm a college student super interested in investing and recently came across this sub (love all the great educational content so far!) I'm looking to start increasing my dividend yield (only 1.33% at the moment) by looking at ETFs as well as the dividend kings/aristocrats but I am wondering if I should start this dividend portfolio in my fidelity brokerage account or my Roth IRA. + +My Roth IRA has its max contribution right now with 69% in SPY, 14% in VUG, and 17% in VYM. I am wondering if I should sell some of my positions in my Roth IRA and use the cash to buy these dividend stocks or if I should just add more money to my brokerage account. + +Advice would be appreciated! Thank you so much sub! +There is a real project behind this: Basically, this is as if Onlyfans and safemoon had a baby. + +&#x200B; + +\-Soon they will be launching their very own NFT 18+ platform. + +\-Working on listings to multiple exchanges + +\-Pornstars already started twittering about em + +[https://twitter.com/bonni\_b\_good/status/1381266654789693441?s=20](https://twitter.com/bonni_b_good/status/1381266654789693441?s=20) + +[https://twitter.com/Britneystarrr/status/1380973577567150086](https://twitter.com/Britneystarrr/status/1380973577567150086) + +\-we will be able to tip performers in cummies, this will ensure a continuous burn of token supply, which will keep on rising the price! + +\-porn is a multibillion dollar industry + +\-The Dev team is very involved with the community on discord and telegram channels + +&#x200B; + +After their updated whitepaper, i decided to double down on my investment and throw in my entire cryptoportfolio, because the only way is up from here :) + +&#x200B; + +below u will find a copy paste with their updated info + +&#x200B; + +&#x200B; + +💦 CumRocket $CUMMIES 💦 + +&#x200B; + +The brand new BSC token with huge plans, CumRocket has reached 2k HODL'ers already after 7 days of being released! + +With most of them being in the last 2 days and only a \~3.7 million marketcap... this project is gaining some serious momentum - just wait till they begin paid promotion! 😱 + +&#x200B; + +CumRocket has formed a team of around 20 members, including an artist, UI/UX Designer, marketers, community managers and multiple developers! + +They are serious about making this project work - the creator/developer is a female software engineer who also is doxxed with a following of 24k followers on TikTok (@TLDRFinance). + +The team are always active on telegram/discord, and keep everyone up to date with the progress of the project. + +&#x200B; + +🎉 Their main plans are to expand into the private paid 18+ content sector - think of the OnlyFans of crypto, only creators receive a larger cut! + +Creators will be able to upload their private content with fans able to pay in crypto, and tip in $CUMMIES! + +&#x200B; + +This is bullish for the $CUMMIES token because of a few reasons: + +✅ since their main wage doesn't depend on it, models are likely to hold it as an investment and watch it grow + +✅ models can earn passive income through the redistributive nature of the token, which has the ability to support sex workers more + +&#x200B; + +The platform is already a work in progress, with multiple UI mockups created and the aim of making it as accessible as possible (for creators who may be new to crypto, but see the benefits that paying/being paid in crypto gives) + +Here's an example of what the login page will look like [https://cumrocket.vercel.app/login](https://cumrocket.vercel.app/login) + +&#x200B; + +After this platform has been created, an NFT marketplace will be added as another section to the site, where creators can upload their BEST content as NFTs! + +Eventually, they would like to bring the tech in for NFT auctions too... + +&#x200B; + +💰 In the future, CumRocket would like to give dividends to holders and other incentives for holding a certain amount of $CUMMIES! + +&#x200B; + +Whilst this platform is in progress, they are raising funds for marketing/development costs aswell as creating awareness, through selling NFTs. + +CumRocket has already formed a partnership with [degenerate.money](https://degenerate.money) to showcase their very own 18+ NFT collection called the 'CumRocket Babes' and 'Chad Cards' + +These exclusive collections began with animated anime, and now is moving into collaborations with real NSFW influencers! This allows them to form partnerships with these creators before the platform has even launched, so that when it is launched there will be a greater chance of more creators uploading content right away! + +CumRocket also provides the option to farm NFTs for liquidity providers! + +&#x200B; + +Check out their NFTs here: [https://degenerate.money/market/l/market.html?category=8](https://degenerate.money/market/l/market.html?category=8) + +&#x200B; + +⚔️ Tokenomics + +&#x200B; + +🔥 5% tax on each transaction + +2.5% gets redistributed to current holders in proportion to their holdings, 2.5% gets burned forever! + +&#x200B; + +😋 Just sit back, relax and watch your $CUMMIES automatically increase! + +&#x200B; + +💦 Website: [https://cumrocketcrypto.com/](https://cumrocketcrypto.com/) + +💦 Telegram: [https://t.me/cumrocket](https://t.me/cumrocket) + +💦 Discord: [https://discord.com/invite/Tett4kJsKN](https://discord.com/invite/Tett4kJsKN) + +💦 TikTok: [https://vm.tiktok.com/ZMePKXKLW/](https://vm.tiktok.com/ZMePKXKLW/) + +💦 Twitter: [https://twitter.com/cumrocketcrypto](https://twitter.com/cumrocketcrypto) + +&#x200B; + +⚰️ Burned dev tokens: [https://bscscan.com/tx/0x218a6bf38ab8443e9e6c2d59c45432ceccffeba1ae9e36eb6296b7203496b4e9](https://bscscan.com/tx/0x218a6bf38ab8443e9e6c2d59c45432ceccffeba1ae9e36eb6296b7203496b4e9) + +&#x200B; + +🔒 LOCKED Liquidity: [https://dxsale.app/app/pages/dxlockview?id=531&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=531&add=0&type=lpdefi&chain=BSC) + +&#x200B; + +🥞 PancakeSwap (slippage 6%): [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x27ae27110350b98d564b9a3eed31baebc82d878d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x27ae27110350b98d564b9a3eed31baebc82d878d) + +&#x200B; + +📜 BscScan: [https://bscscan.com/token/0x27ae27110350b98d564b9a3eed31baebc82d878d](https://bscscan.com/token/0x27ae27110350b98d564b9a3eed31baebc82d878d) + +&#x200B; + +📈 Chart: [https://poocoin.app/tokens/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d](https://poocoin.app/tokens/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d) + +&#x200B; + +Binance CumRocket: + +[https://t.me/BinanceRocketCUMMIES](https://t.me/BinanceRocketCUMMIES) +Mark Cuban Says Dallas Mavericks Are 'Talking About' Blockchain For NBA Ticketing + +[https://decrypt.co/59760/mark-cuban-dallas-mavericks-blockchain-for-ticketing](https://decrypt.co/59760/mark-cuban-dallas-mavericks-blockchain-for-ticketing) + +&#x200B; + +Mark Cuban clearly proving the need for Blockchain ticketing as it's a perfect use case for Blockchain technology. The good news is that there's already a project in this space that's been working on this problem for years called the GET Protocol ($GET). So what's the big deal? + +&#x200B; + +Everyone knows how annoying ticket scalpers are -- they ruin the fun and skyrocket prices for tickets to insane levels. This pisses off fans, artists and even venues. Guts Tickets, the creators of the GET Protocol realised this and set out to create a system that eliminates ticket scalping completely, whilst giving event-goers a digital ticket system all through their phone with tickets tied to each SIM. Event-goers have no idea that Blockchain is being used in the background, they pay for their tickets with FIAT and everything works in the background. + +&#x200B; + +What are the benefits for the venues and artists? + +\> The ability to dynamically set the price of their event's tickets + +\> Extra interaction with ticket holders through their phone + +\> Primary and secondary ticketing markets merged + +\> Increased marketing tools + +&#x200B; + +So what makes this great for us crypto investors? + +\> $0.34 GET needed for each ticket that is sold, GET is used behind the scenes which drives volume for the GET token. + +\> Small MCap $50m (rank 500 on coinmarketcap) + +\> 11,388,258 GET Circulating Supply + +&#x200B; + +Even more to come + +\> NFT Ticketing being implemented which will allow P2P ticket trading in a closed and regulated ecosystem set by event organisers + +\> Decentralized Event financing through the GET Protocol, allowing artists and organisers to finance events through investors providing GET + +&#x200B; + +$GET is an undiscovered gem, with a working product and a clear usecase. The future looks good for GET. +I’m down 4000 dollars on an 11000 dollar investment because of the market crisis but thinking about cashing out the remaining 7k to buy an apartment. Yes I will be selling for a loss but it will make me stop paying rent and therefore minimise living expenses. Since the housing market in Sweden went down with the market i now have enough money since the apartments devalued more then my investments. In the long run I think the apartment should be worth it? + +Tldr: portfolio down 36% since new year thinking about cashing out for down payment which I now would have enough money to pay! + +Thoughts? + +Edit: No the apartments down payment is 17k not 7 + +Edit 2: Jesus Christ guys it is not that outrageous for sweden to have these low prices! + +Edit 3: Im still not american, over 50 people think i live in the US. Medstudent from sweden! Not the US! +Hi, so I live in an area where newly built 1 bedroom flats are going for around £65k. + +Im 27, I earn 25k a year, fortunately own a house already. Put £800 (around half my wage) into vanguard each month and pay a small amount into a LISA too. + +A friend of mine has had their flat for sale for a while now, it was £71k then 69k and now 67k but I imagine renting a 1 bed flat out may be easier then selling it? + +I’m trying to look for ways to spread my risk a little bit and create another income stream - do you think putting £15k down on this flat with a mortgage and renting it out would be worth the extra work? Or would I be better off just adding more into my vanguard savings each month? + +Alternatively, any other ideas for me to add an income stream would be greatly appreciated! +I check my MetaMask account nearly everyday just out of habit. Today I opened the app and realized I lost all of it, my account was drained. In the past transactions it said I transferred it to someone’s account at 3am last night. Keep in mind I don’t use any third party app, I don’t trade I was basically just holding onto the money for safe keeping. I’m not even sure how someone could’ve found out my account information unless MetaMask has a serious security issue. Any help would be very appreciated!! + +(PS I didn’t touch the funds, never traded with them, didn’t fall for a scam and I didn’t click on a suspicious link. ) +I keep looking at my rising bills and thinking of going solar. With feed in tariffs looking at 4p/unit it barely seems worth it. Can anyone add some sensible data/figures to work with? Is the saving alone worth it, even if feed in tariffs are low? + +I use around 7000 units of electricity per year, and am on the same Flexi tariff as everyone else if that's any good. +Hey. + +Just wanted to broach the topic of FI when in relationships with parties who are (as of yet) not interested. + +Whether you're a lurker or a poster, I'm sure you've seen countless *"Help, my spouse is really fucking not on board"* threads on r/financialindependence and its sister subs. While there's always some amazing thoughts on how to approach the *"but we have to live our lives!"*-spouse... you also see just a *metric shit ton* of "Dump her/him,"-s and "Yeah, it's over buddy,"-s. + +**I'm just here for a hot second to say (only to those of you who actually kinda like your non-FI spouse): There is hope.** + +Don't get me wrong, maybe some of you are in relationships with [princesses](https://www.youtube.com/watch?v=tBpTR7vDYVw) and [princes](https://www.youtube.com/watch?v=4RLW3QkKjmM) and their shocking extravagance vs. your frugal practicality may spell inevitable doom--- BUT there are a good handful of us financial fuckups who *are* actually redeemable. + +I say this from experience. By 28, out of nothing but ignorance and stupidity, I'd wracked up $30k of (unnecessary, lifestyle) student loans, and had my credit cards on a never-ending $5-10k rollercoaster of pointless debt. I saved nothing. I didn't budget. I didn't even know where my money went. Total Credit Card Dumbass (see username). + +**For those of you who have spouses pulling the same shit, know that... all they really need is for that light in their head to turn on. The problem is: the switch is different for everyone, and finding it is tricky.** + +Not everyone is swayed or interested in the math argument, the timelines are often so distant they seem hopeless. Frugality/stoicism-lifestyle is rarely the best first-approach. To them, it sounds like: "Hey baby, wanna give up everything you love doing? Let's do this. (☞ﾟ∀ﾟ)☞" (Spouse be like: "Motherfucker, wat. ಠ_ಠ") + +However, despite being a CCD (credit card dumbass™) I wasn't actually an immediate lost cause. By 30, I embraced FI and in one year, our (*cough* my) $30k in debt had turned into $20k in the black, with no sign of slowing down. + +For those curious: my personal "switch" was Dave Ramsey. Him asking the rhetorical, "how much money would you have if you had zero payments?" question spurred me to kill the debt. For financial independence, "What would your life look like if working was a *choice,* and you could do what you wanted with your time?" is what lit the fires of my imagination and got me excited to save money towards FI. + +Now-- I found FI first. But I was lucky. My husband's switches were the same as mine. He was swayed and inspired by the logic on this sub-- I didn't force it on him, or even talk to him about FI at first. I was fortunate that Dave Ramsey's [rants of logic](https://www.youtube.com/watch?v=rh6qxpP8nxE&list=PLN4yoAI6teRMSdvmEvkP1_IzKscUIWWCI&index=4) had already flipped his debt switch. Having always had high-stress jobs, the FI concept of not *needing* to work flipped that switch for him. + + +*********************** + +**TL;DR:** If you weren't born frugal AF, please don't forget to share with others what moment, thought, book, blog, podcast, post or person it was that flipped your "switch" before writing your "the-end-is-nigh-just-dump-em!" comment. + +And for those of you doing the convincing... you never know what your spouse will be inspired by. Don't get angry immediately if they don't get on board right away. Try some wildly different approaches, especially ones that might never have worked on you. They may get there. + +(Obligatory disclaimer: Know when to draw the line and say goodbye if you're with a prince/princess. Don't let a relationship sink your entire financial future.) + +If you are in the tech for the future, and are building for several years, a drop of 20% should be celebrated. It's weird to think about it, and can even be difficult to look at the sea of red, but its true. + +Whether its caused by cascading liquidations rippling across the entire market, or a ban from a foreign country, its irrelevant. If you believe crypto is the future and your greatest chance to financial freedom, then **you should be absolutely cheering at this point**. + +Call it a dip, a fall, a crash, a fucking doped up junkie grizzly bear carrying a scythe wearing a black executioners hood. Call it whatever you want, compared to the ATH in Novembers, the tech you believe in **is now selling at a 'buy one get one free' pricepoint.** + +People riot over price discounts that big on Black Friday sales. Why should this be any different? +Hi, + +I found out when I moved to London that I had about 8 accounts in my name, phone bills and those get now pay in installment catalouges. This amounted to about £2,000 apparently owed by me, none of this I agreed to or took out. + +When I discovered this I called up the debt collection company, Lowell telling them it was fraudulent, and reported it to the police. Much of this was done when I wasn't even living in the country. After investigating Lowell closed most of the accounts, now there are two left an O2 account for £467 and one they've contracted out to another company BW Legal (who are rude and useless) which is a CCJ. The O2 account I've reported as Fraud to Lowell 3 times, 3 times they've investigated and told me they believe it's mine, despite showing social security payments from Austria at the time, proving I was living there. The bank account used to take out this began with a K, my name begins with a C and only have one bank account. The reasons they gave me in a letter this morning are as follows; + +* **The account was registered to \[the address my mum and her ex husband lived in\] a review of your credit file shows you were applying for credit linked to this address, the original creditor would have sent letters to this address for your attention, making you aware of this account** +* **Payments have been made on the account last being 16th Jan 2015 for £31.62** +* **The account was opened on 24th July 2014 and defaulted on 7th Aug 2015. This means the account was active for over a year, which is not consistent with fraudulent activity** +* **After their investigations the original creditor confirmed this account is not fraud** + +I did report it to the police back in 2016, they gave me a crime reference number but then called me back, after almost two months saying something about a PCSO was going to call me (lol) and that the other bloke went on holiday so they forgot, they said that this not a fraud against me, but between him and the company so I need to tell the company to report it. A quick look at the Fraud Act 2006 shows that he committed Fraud by false representation and Fraud by failing to disclose, but whatever. So the old bill won't do anything. + +So despite showing them evidence I was living in Austria, my name begins with a C not a K they still won't close it, I showed them less evidence for the other 5 and the closed them agreeing it was fraud. I'm really at wits end at what to do, I cannot afford to pay £800 odd. Does anyone have any advice on what to do next? + +EDIT: + +So today I reported it to the Financial Ombudsmen, they don't deal with it. So I called Lowell asking for a Subject Access Request and which company regulates them. I then called O2 Fraud Department directly and asked whether when investigating it Lowell provided the proof of my insurance payments to the Austrian authorities over the dates the account was opened. They didn't. Pretty angry I called back Lowell and demanded I speak to a manager or someone senior over this, I was put through and explained to the woman the issue and asked why it wasn't put forward as evidence she said + +"It was private information, but we told them you said you were living in Austria" I was pretty dumbfounded by this, as the main reason I gave to them is I wasn't living in the country at the time, and they failed to provide that resorting to the client said, obviously the same reason they haven't wiped the debts after a year is because they haven't taken my word for it. + +Anyway after explaining all of this she agreed to wipe the debt of 467 pounds and is helping deal with the CCJ account with BW Legal. + +Thanks for all of the advice given to me! I seriously am disgusted at the tactics these companies operate, I think about people who aren't persistent or have mental difficulties being chased by these companies. Something needs to be done. +Referring mostly to property value - I see a lot of houses with the bare minimum (no tiling, no built in wardrobes, lowest spec kitchen) but the price for those houses are on the same level as the ones with fully done up houses? + +The ones with extras look so much better but the price difference just isn’t there. + +This is also assuming you don’t do something weird like paint things all sorts of colours and make a disaster, just keep things neutral. + +It’s probably worth it for me on a personal level, but if I have to give up £10k in return for a negative return then I’d consider missing out and enjoying the £10k. +Now that the FDIC is being talked about again, does anyone remember if there was a DD about handling tendies immediately preceding MOASS? + + +I know to split it up into as many accounts as possible to maximize FDIC insurance, but what about before those checks reach our mailboxes? How would Computershare handle that money? Will it be protected in the event of a complete economic and financial system failure? +# I Solved the Mystery of the Entire Gamestop Saga: My Definitive Explanation on (a) The (Minimum) True Short Interest / Public Float; (b) The Meaning of the Official SEC “Gamestop Report”; (c) How Computershare Was Always the Only Answer Without Catalyst! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# TL;DR: The public float of GME is a minimum of 759.37 million shares; short interest is a minimum of 106.16 million shares shorted (using 226.42% of float in 1/2021); and the official SEC "Gamestop Report" was an indirect way of stating that (a) the short sellers never closed the overwhelming majority of their short positions on GME and (b) the public float of GME is at least in the hundreds of millions of shares due to counterfeit / phantom / CEBE shares. Computershare was always the only answer without catalyst. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Table of Contents** + +**Prologue: Did It Ever Occur To You That the Yahoo! Finance Numbers on GME, as of Right Now, Are (Mostly) Correct?** + +**Part I: We All Fail to Deliver Down Here** + +**Part II: Dr. Jim Decosta Travels to the Future a Couple of Decades and Tells the World About Computershare** + +**Part III: Dr. Jim Decosta Travels to the Future a Couple of Decades and Reveals the Direct Counter to Abusive Naked Short Selling** + +**Epilogue: S3 Partners Was An Extremely Important "Authority" in Dictating the Narrative That Short Sellers "Closed Their Positions"** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Prologue: Did It Ever Occur To You That the Yahoo! Finance Numbers on GME, as of Right Now, Are (Mostly) Correct? + +&#x200B; + +If I gave the hedge funds and market makers the *benefit of the doubt*, this is the absolute lowest I would calculate the short interest and public float of GME (I am 99% certain the short interest and public float are higher, and [S3 Partners even said so](https://twitter.com/S3Partners/status/1355231154874552322)): + +&#x200B; + +GME public float earlier this year (1/2021): 46.89M. GME short % of float (1/2021): 226.42% = 106.16 million shares of GME shorted (and never closed). + +&#x200B; + +GME float (now on 12/14/21): 62.11 M. GME short % of float (now on 12/14/21): 13.98%. + +&#x200B; + +[https://finance.yahoo.com/quote/GME/key-statistics?p=GME](https://finance.yahoo.com/quote/GME/key-statistics?p=GME) + +[https://web.archive.org/web/20210129164718/https://finance.yahoo.com/quote/GME/key-statistics/](https://web.archive.org/web/20210129164718/https://finance.yahoo.com/quote/GME/key-statistics/) + +&#x200B; + +**106.16 M is 13.98% of 759.37 (M) million, which means there are 759.37 (M) million shares of GME in the public float (approximate true minimum right now):** [https://s3partners.com/notesonfloat.html](https://s3partners.com/notesonfloat.html) + +&#x200B; + +**Short interest of GME now is unknown but at least 226.42% = 106.16 million shares of GME shorted.** + +&#x200B; + +**Did it ever occur to you that the Yahoo! Finance numbers on GME, as of right now, are (mostly) correct?** First, you [manufacture 100 shares of GME out of thin air](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) with an in-the-money call and immediately exercise it; then you marry a put with it. A married put can hide short interest because it's a long position (100 GME shares) along with one (1) put option position. A married put causes 100 additional shares of GME to now exist beyond the float and dilute it. These counterfeit / phantom / CEBE shares can be used to temporarily or indefinitely resolve a fail to deliver: **this does not close the original shorted share** and simply dilutes the float. That is, you can replace a shorted share in the "official count" with a "long" counterfeit / phantom / CEBE share: now that this has happened, you can publicly announce it on Yahoo! Finance. Because 100 additional "long" shares of GME now exist in the float to replace 100 "short" shares, you can publicly announce that the number of shares shorted and the short interest both dropped: this is why the number of rehypothecated shares is never announced publicly anywhere, and Dr. Jim DeCosta pointed this out a couple of decades ago as I explain below. The purpose of doing this is to tank the price through insane amounts of dilution and make it appear as though a short squeeze can no longer happen. This is all possible because shares of GME at the DTCC, under the ownership of Cede and Company, are fungible. + +&#x200B; + +S3 partners uses this equation to calculate short interest: S3 Daily Shares Shorted ÷ (Float + Synthetic Longs). The numerator will always remain at least 106.16 M because the official SEC "Gamestop Report" (2021) or Staff Report on Equity and Options Market Structure Conditions in Early 2021 stated that the short sellers never closed the overwhelming majority of their short positions. The denominator has gradually increased over time as the synthetic longs accumulate. Float + Synthetic Longs = 759.37 (M) million shares of GME (minimum). + +&#x200B; + +A fail to deliver can happen with a short *or* long position! I never really understood this sentence till I *understood it*. A married put actually has *two* purposes: hiding short interest *and* diluting the float with counterfeit / phantom / CEBE shares! + +&#x200B; + +https://preview.redd.it/pgr28x8xbi581.png?width=1766&format=png&auto=webp&s=9ff18bbe13dfa1a6f5e3e87e59266260a8411564 + +Here is S3 Partners admitting, just like the official SEC "Gamestop Report," that there was no naked shorting, and this includes "synthetic longs" created by short sales. The short sells were not naked because they were "covered" with counterfeit / phantom / CEBE shares—hundreds of millions of them! + +[https://twitter.com/S3Partners/status/1354851186533396481](https://twitter.com/S3Partners/status/1354851186533396481) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Part I: We All Fail to Deliver Down Here + +&#x200B; + +Official SEC "Gamestop Report" (2021) or Staff Report on Equity and Options Market Structure Conditions in Early 2021: + +[https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) + +&#x200B; + +Direct measures of naked short selling do not exist. + +&#x200B; + +https://preview.redd.it/jth3vmk8bi581.png?width=2545&format=png&auto=webp&s=035431f8943d568d0fec72e03d5584f2f7e2220d + +Therefore, the SEC and the rest of the world has to use indirect measures of naked short selling. + +&#x200B; + +>The unusually high amount of short selling raised the question of whether some of the short sales were “naked”—namely, made without arranging to borrow the underlying security. When a naked short sale occurs, the seller fails to deliver the securities to the buyer, and staff did observe spikes in fails to deliver in GME. However, fails to deliver can occur either with short or long sales, making them an imperfect measure of naked short selling. Moreover, based on the staff’s review of the available data, GME did not experience persistent fails to deliver at the individual clearing member level. Specifically, staff observed that most clearing members were able to clear any fails relatively quickly, i.e. , within a few days, and for the most part did not experience fails across multiple days. + +&#x200B; + +https://preview.redd.it/ytoy4s0nbi581.png?width=1996&format=png&auto=webp&s=c9a5aab90a38fdbbc47e6d907a7c683503e986f4 + +The SEC admits itself that fails to deliver can occur either with **short or long sales**, making them an imperfect measure of abusive naked short selling. Dr. Trimbath has said this. + +&#x200B; + +**Prerequisite DD (2) about counterfeit / phantom / CEBE shares**: + +1) The Ultimate DD about the CEBE (Counterfeit Electronic Book Entries) created by the SBP (Share Borrow Program) within the DTCC. Written by Dr. Jim DeCosta on a forum from 2006. Want it to get immortalized on Reddit: [https://www.reddit.com/r/Superstonk/comments/q53qzh/the\_ultimate\_dd\_about\_the\_cebe\_counterfeit/](https://www.reddit.com/r/Superstonk/comments/q53qzh/the_ultimate_dd_about_the_cebe_counterfeit/) + +2) The DTCC (Depository That Clears Counterfeits) is finished. They covered up the fraud that enables naked short selling and are why we will MOASS to epic proportions: [https://www.reddit.com/r/Superstonk/comments/ocds1m/the\_dtcc\_depository\_that\_clears\_counterfeits\_is/](https://www.reddit.com/r/Superstonk/comments/ocds1m/the_dtcc_depository_that_clears_counterfeits_is/) + +&#x200B; + +**Dr. Jim DeCosta said the following about "good delivery" of counterfeit / phantom / CEBE shares:** + +&#x200B; + +[https://www.sec.gov/rules/proposed/s72303/decosta122203.htm](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm) + +&#x200B; + +>**If there are 100 million legitimate shares issued in the stock he or she is contemplating buying, and 300 million "failures to deliver" or "loans made to cover a failed delivery" within the system**, **the prospective investor has the right to know** that his purchase of 1 million shares will NOT give him 1% of the voting power of the company, 1% of any dividends distributed, or 1% of any residual equity rights in the case of the dissolution of the company. The SEC has the DUTY to make this crime-preventive information available to the prospective buyer. Otherwise, this investor will have walked into an ambush that the regulators were well aware of because **on the day after his purchase there are 400 million shares that can be sold at any instant in time should bad news arrive on the doorstep**. You at the SEC are very well aware of the ambush because you have visibility of these "fails" and "loans". Please give us a "heads up"! Just as the SEC and the public have the right to know of any additional shares being registered by an issuer,\* **the micro cap investors have the right to know how many "**[counterfeit electronic book entries](https://www.reddit.com/r/Superstonk/comments/ocds1m/the_dtcc_depository_that_clears_counterfeits_is/)**" are on the books at the DTCC and clearing agencies**. In other words, how many shares has the DTCC illegally "registered" unbeknownst to the corporation and its shareholders. + +&#x200B; + +Dr. DeCosta is saying "The SEC has visibility of the fact that the float is more than 70 million shares of GME: "give us a heads up" that the public float is in the hundreds of millions (or [billions](https://www.reddit.com/r/Superstonk/comments/pulq81/three_independent_analyses_that_arrive_at/) of shares). + +&#x200B; + +>This is all in the spirit of Regulation Full Disclosure or Reg. FD. It is a two way street. It is inherently wrong for two or more shareholders to receive monthly brokerage statements INDICATING THE OWNERSHIP OF THE SAME PARCEL OF "SHARES/PACKAGES OF RIGHTS". We would advise the SEC to not get "faked out" on the concept of "good delivery". **"Good delivery" is an** **instantaneous phenomenon** at the DTCC. **Fraudsters can borrow the same shares involved in effecting yesterday's "good delivery" of shares to create "good delivery" of today's trade. This allows access of these nonexistent entities into the DTCC via the creation of "counterfeit electronic book entries" or "**[CEBES](https://www.reddit.com/r/Superstonk/comments/q53qzh/the_ultimate_dd_about_the_cebe_counterfeit/)**".** + +&#x200B; + +>In a nutshell, the current system for clearance, settlement, and delivery in place at the DTCC allow fraudsters to sell nonexistent entities for literally billions of dollars. The Automated Stock Borrow Program at the DTCC converts these nonexistent entities outside the DTCC into "Counterfeit Electronic Book Entries" (CEBEs) inside the DTCC via "the borrow" which creates "good delivery" which, in turn, allows the trade to "clear and settle" (C and S). C and S allows the DTCC to earn fees, its participants to earn commissions, and its participating market makers to earn "mark-ups". The CEBEs can then be sold to anybody because they are commingled with real shares and until all real shares have been removed from the DTCC via share registration programs any sale is PRESUMED to be that of a real share. + +&#x200B; + +This screenshot is Gary once again: + +&#x200B; + +https://preview.redd.it/hlcwm7brci581.png?width=2545&format=png&auto=webp&s=9dcc9c1b16062772e75c2bca1b738f7c285041ac + +>Even in the Reg SHO environment the trades done by naked short selling fraudsters still aren’t “settling”. “Settlement” mandates “Good form delivery” of that which was intended to be purchased by the buyer-a “Package of rights” attached to a specific U.S. corporation domiciled in a specific U.S. state. **You cannot have “Good form delivery” if that which is being “Delivered” comes from a self-replenishing “Lending pool” of shares provided by the DTCC’s “Automated Stock Borrow Program” (the SBP) especially when that which is delivered to the new buyers broker/dealer can immediately be replaced right back into the same “Lending pool” from whence it just came as if it never left at all.** + +[https://www.sec.gov/rules/sro/nasd/nasd2005112/jdecosta112405.pdf](https://www.sec.gov/rules/sro/nasd/nasd2005112/jdecosta112405.pdf) + +&#x200B; + +>The “Automated Stock Borrow Program” at the DTCC allows shares held in “Street name” at the DTCC to be borrowed from an anonymous “Lending Pool” of shares. **This allows the firm of the buyer of these nonexistent shares to receive delivery of “something” that at least resembles a legitimate share at first glance**\*. The problem is that the buying firm is allowed to immediately place these “Shares or share facsimiles” right back into this same anonymous “Lending pool” of shares AS IF THEY NEVER LEFT IN THE FIRST PLACE. THE BUYING FIRM IS THEN HANDSOMELY REWARDED BY THE DTCC WITH THE CASH EQUIVALENT OF THE SHARES DEPOSITED INTO THE POOL AND CHOSEN TO CLEAR THE NEXT FAILED DELIVERY. THIS WONDERFUL ABILITY TO CONVERT A CLIENT’S PURCHASES OF REAL SHARES OR “PSEUDOSHARES” INTO CASH FOR THE USE OF THE BROKER/DEALER PROVIDES PLENTY OF INCENTIVE TO KEEP THE “LENDING POOL" FULL TO CAPACITY.\* **THE SELF-REPLENISHING ASPECT ALSO HELPS KEEP IT FULL TO ADDRESS AS MANY “FAILED DELIVERIES” AS THE SYSTEM WILL GENERATE WHICH IS AN INFINITE AMOUNT IF NO REGULATOR MONITORS FOR THE APPROPRIATENESS OF THE USE OF THE “BONA FIDE” MM EXEMPTION FROM BORROWING BEFORE SHORT SELLING**: + +[https://www.sec.gov/rules/sro/nasd/nasd2005112/jdecosta112405.pdf](https://www.sec.gov/rules/sro/nasd/nasd2005112/jdecosta112405.pdf) + +&#x200B; + +Fraudsters can "deliver" counterfeit shares and "clear any fails relatively quickly." + +&#x200B; + +Some guy with a cat poster in his room was mentioned by Lucy Komisar as saying the following: + +>Keith Gill, the independent investor whose social media posts started the GameStop frenzy, made the most important comment of the hearing. He pointed out that the same share can be “located” dozens of times, even for multiple clients. And options market makers like Citadel are exempt from the rules that they must locate the stock. +> +>Gill said, “The ability for the same share to be shorted infinite times is a pathology. We don’t have the ability to track what shares are shorted and how many times.” + +[https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) + +&#x200B; + +The SEC admits the following: + +>In seeking to answer this question, staff observed that during some discrete periods, GME had sharp price increases concurrently with known major short sellers covering their short positions after incurring significant losses. During these times, short sellers covering their positions likely contributed to increases in GME’s price: + +[https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) + +&#x200B; + +# If you decrease the short interest from 297% to 226%, you are still short at least 226% ([likely way more](https://www.reddit.com/r/Superstonk/comments/pulq81/three_independent_analyses_that_arrive_at/) due to the secret ingredient)! + +&#x200B; + +The reported short interest of GME according to Yahoo! Finance was the following: + +&#x200B; + +Short percentage of float (Jan 14, 2021): 226.42% + +Short percentage of shares outstanding (Jan 14, 2021): 88.58% + +&#x200B; + +[https://web.archive.org/web/20210129164718if\_/https://finance.yahoo.com/quote/GME/key-statistics/](https://web.archive.org/web/20210129164718if_/https://finance.yahoo.com/quote/GME/key-statistics/) + +&#x200B; + +Short percentage of float (11/12/20): 297.13% + +Short percentage of shares outstanding (11/12/20): 103.52% + +&#x200B; + +[https://web.archive.org/web/20201130212429if\_/https://finance.yahoo.com/quote/GME/key-statistics/](https://web.archive.org/web/20201130212429if_/https://finance.yahoo.com/quote/GME/key-statistics/) + +&#x200B; + +Official GME SEC report + +>Figure 6 shows that the run-up in GME stock price coincided with buying by those with short positions. However, it also shows that such buying was a small fraction of overall buy volume. It was the positive sentiment, not the buying-to-cover, that sustained the weeks-long price appreciation of GameStop stock . . . . A short squeeze did not appear to be the main driver of events: + +[https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) + +&#x200B; + +The shorts closing their position was a small fraction of the run-up in GME stock price in 1/2021. Buying to cover or closing the short positions did not account for the majority of the run-up in GME stock price in 1/2021. A short squeeze did not appear to be the main driver of events: this means the abusive naked short sellers did not close an overwhelming majority of their short positions. + +&#x200B; + +https://preview.redd.it/czijhz1mdi581.png?width=1471&format=png&auto=webp&s=dcc01b782f09ef7700e469168568814ddbb36054 + +# Question: How the fuck do you (a) short GME public float at least 226% (outstanding float > 100%) along with having the short interest later drop to < 10-15%, (b) not close the overwhelming majority of your naked short positions, AND (c) "clear fails relatively quickly" or "not experience fails?" ([You cannot short insider shares](https://www.sec.gov/Archives/edgar/data/1164964/000101968715004168/globalfuture_8k-ex9904.htm) as far as I know.) This series of events is literally impossible because any share above 100% of the public float is a phantom share and would fail to deliver for sure . . . unless you . . . + +&#x200B; + +# Answer: Deliver a counterfeit / phantom / CEBE share . . . hundreds of millions of them: these counterfeit or phantom shares exist [here](https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf): all under the umbrella of the DTCC or Cede and Company (who truly own the shareholder rights--not you). + +# + +Abusive naked short sellers can then use [a million different ways](https://www.sec.gov/news/press-release/2013-151) to buy time to fail and never deliver (short-kiting, etc.), [hide short interest](https://prospect.org/power/how-the-gamestop-hustle-worked/), and manipulate price of GME with [more than one way](https://www.reddit.com/r/Superstonk/comments/mnqygs/ihor_just_admitted_s3_short_interest_is/) including shorting XRT, dark pools, etc. Here's one way: u/broccaaa said, “When prices really started to move from January 25-29, more than 100 million shares were created with Deep ITM call (exercised) and married-put naked shorting and used to hammer down price and hide short interest.” + +&#x200B; + +Naked short the GME public float at least 226% (outstanding float > 100%) along with having the short interest later drop to < 10-15%; not close the overwhelming majority of your naked short positions; and "clear fails relatively quickly" or "not experience fails"—this series of events only makes sense if (a) naked shorts were never covered, (b) the public float is in the hundreds of millions (maybe more than a billion) shares, (c) the publicly reported short interest is hidden with tactics that evade REG SHO regulations along with S3 conveniently using a new formula to calculate short interest this year. All of this is consistent with the official SEC "Gamestop Report" or Staff Report on Equity and Options Market Structure Conditions in Early 2021. + +&#x200B; + +Dr. DeCosta: + +>Once into the DTCC all shares, real and fake, are conveniently held in an anonymous pooled format which camouflages the existence of the fake shares. The real and fake shares then play a gigantic game of "musical chairs" at the DTCC, circling around chairs the number of which match the number of "real" shares only. **But since the music never stops at the DTCC, i.e., no periodic aging and quantification analyses of failed deliveries and loans made to mask failed deliveries, the fraud goes on undetected and the shareholders never do figure out if they bought real or fake shares.** + +[https://www.sec.gov/rules/proposed/s72303/decosta122203.htm](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm) + +&#x200B; + +There are a million and one ways to engage in abusive naked short selling, hiding short interest, indefinitely fail to deliver a share: Often [traders assist each other](https://www.sec.gov/news/press-release/2013-151) to avoid having to deliver shares. + +&#x200B; + +Dr. DeCosta: + +>5) In (3) (i) what keeps a crooked MM from just naked short selling through a different proprietary or non-proprietary account once he's caught? Please refer to the Sedona case modus operandi. These people usually work in collusion with many other co-conspirators **both on and offshore**\*. A MM caught misbehaving can hand the naked short selling torch to a "buddy MM" for 90 days and return the favor should the "buddy MM" get caught. The emphasis has to be on shutting down the abusive naked short selling of the abusive BROKERAGE FIRMS, NOT JUST THE OFFENDING ACCOUNTS. IF YOU ACTUALLY PUNISH THE BROKERS, THESE CRIMES WILL BECOME LESS PERVASIVE. + +[https://www.sec.gov/rules/proposed/s72303/decosta122203.htm](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm) + +&#x200B; + +Dr. DeCosta advocates for punishing brokerages like Fidelity or Vanguard here, by the way. A market maker like Citadel can hand off the naked short selling torch to a buddy market maker and indefinitely delay delivery of a legitimate share. + +&#x200B; + +Dr. DeCosta: + +>*Addendum "C" to the rules and regulations of the NSCC, set up a "Lending Pool" of shares in street form to cover failed deliveries* *FOR ONLY A DAY OR TWO* *because there are indeed legitimate reasons why delivery might be held up for a day or two. A year or two would seem to be a little excessive.* ***Be aware also of the constant "kiting" of these "open positions" amongst the perpetrators of this fraud and their co-conspirators made in an effort to "freshen up" the ages of these "fails" and "loans"****.* + +&#x200B; + +**In order to deal with a short sale where the investor becomes aware that the needed shares cannot be borrowed, the use of short-kiting helps to buy some additional time. The investor establishes another short sale through a different** **brokerage** **and uses the proceeds to cover the initial short sale.** In the interim, the investor is able to borrow the needed shares to complete the position created with the short-kiting strategy and the outcome is favorable for all parties concerned. + +[https://www.wise-geek.com/what-is-short-kiting.htm](https://www.wise-geek.com/what-is-short-kiting.htm) + +[https://www.investopedia.com/terms/k/kited.asp](https://www.investopedia.com/terms/k/kited.asp) + +[https://www.reddit.com/r/Superstonk/comments/mxnou5/til\_about\_the\_term\_kiting\_aka\_fail\_to\_deliver/](https://www.reddit.com/r/Superstonk/comments/mxnou5/til_about_the_term_kiting_aka_fail_to_deliver/) + +&#x200B; + +Dr. Decosta: + +>It really doesn't matter whether the actual initiator of the naked short sell order was a predatory financier selling death spirals, an offshore corporation set up in a tax haven with strict banking secrecy laws, an unregulated hedge fund, an Internet naked short selling "guru" or one of his disciples, a Canadian broker/dealer, etc. All of these orders go through U.S. market makers, U.S. clearing firms, and the DTCC. + +[https://www.sec.gov/rules/proposed/s72303/decosta122203.htm](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm) + +&#x200B; + +Dave Lauer on Merrill recently: There are a few interesting nuggets in this action. For example, it also suggests that Merrill traders used derivatives in **overseas** affiliates to net against short positions in the US to avoid marking orders as short. That seems like a big deal: [https://twitter.com/dlauer/status/1446468778062123046](https://twitter.com/dlauer/status/1446468778062123046) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Epilogue: S3 Partners Was An Extremely Important "Authority" in Dictating the Narrative That Short Sellers "Closed Their Positions" + +&#x200B; + +**Contrary to popular belief, S3 Partners changed the way they calculated short interest as early as 9/2020, around the time that King Kong became the largest shareholder of GME (not around 2/2021 or so):** [**https://web.archive.org/web/20201001000000\*/https://www.shortsight.com/short-interest-of-float-2-0/**](https://web.archive.org/web/20201001000000*/https://www.shortsight.com/short-interest-of-float-2-0/) + +&#x200B; + +Another post on calculating short interest by S3 Partners: Notes on Float: S3’s Ihor Dusaniwsky Answers Your Burning $GME Questions: [https://s3partners.com/notesonfloat.html](https://s3partners.com/notesonfloat.html) + +We calculate short interest daily .... the most up to date numbers you can get on the street! [https://twitter.com/ihors3/status/1354491420015546369](https://twitter.com/ihors3/status/1354491420015546369) + +S3 Partners initially agrees with the official SEC "Gamestop Report" by saying this was a long-buying rally and not a short squeeze: [https://twitter.com/ihors3/status/1354533284345163776](https://twitter.com/ihors3/status/1354533284345163776) + +**Illegal naked short selling is short selling without a locate and not being able to settle your trade. But in my scenario every short got a locate and a stock borrow and all settlements are satisfied. Rehypothicating or margining shares for stock loan is a necessary function.** + +[**https://twitter.com/ihors3/status/1354914850355507202**](https://twitter.com/ihors3/status/1354914850355507202) + +Per [@S3Partners](https://twitter.com/S3Partners) data, while the “value shorts” that were in [$GME](https://twitter.com/search?q=%24GME&src=cashtag_click) earlier have been squeezed, most of the borrowed shares that were returned on the back of the buy to covers were shorted by new momentum shorts in the name: [https://twitter.com/ihors3/status/1355234358194556928](https://twitter.com/ihors3/status/1355234358194556928) + +Our float number includes the "synthetic longs" that are created from short selling. This is an accurate calculation of the actual tradable liquidity in the market. shares shorted / (float + shares shorted) + +[https://twitter.com/ihors3/status/1355197063504547841](https://twitter.com/ihors3/status/1355197063504547841) + +&#x200B; + +**Ask yourself why they changed the equation to calculate short interest as early as 9/2020. Then see the following tweet:** + +&#x200B; + +[\#BREAKING](https://twitter.com/hashtag/BREAKING?src=hashtag_click): New S3 Partners Data Reveals Decline in [$GME](https://twitter.com/search?q=%24GME&src=cashtag_click) Short Bets. [\#s3data](https://twitter.com/hashtag/s3data?src=hashtag_click) + +[https://twitter.com/S3Partners/status/1356017621649383426](https://twitter.com/S3Partners/status/1356017621649383426) + +&#x200B; + +# TL;DR: The public float of GME is a minimum of 759.37 million shares; short interest is a minimum of 106.16 million shares shorted (using 226.42% of float in 1/2021); and the official SEC "Gamestop Report" was an indirect way of stating that (a) the short sellers never closed the overwhelming majority of their short positions on GME and (b) the public float of GME is at least in the hundreds of millions of shares due to counterfeit / phantom / CEBE shares. Computershare was always the only answer without catalyst. + +&#x200B; + +P.S. This is not my "nuclear" DD. I found all this shit out while preparing my "nuclear DD." + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +*Disclaimer:* + +*The information in this presentation does not, and is not intended to, constitute financial advice. I am expressing my personal opinion as if we were having a conversation at a diner or a bar. I am an active shareholder of Gamestop stock.* + +*The views expressed is this presentation are my own, and they do not constitute an endorsement, recommendation, or approval by any other person or entity. References made to others are only for informational purposes for your convenience, and anyone mentioned here is not responsible for the accuracy or legality of any of the content published by me. Gamestop is not affiliated with any person or entity mentioned in this video or reddit post.* + +*The content of this post is published in the United States of America and persons who access it agree to do so in accordance with applicable U.S. law.* + +*All opinions expressed by me are solely my opinion and do not reflect the opinions of anyone else.* + +*You should not treat any opinion expressed on this message as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion. Such opinions are based upon information I consider reliable, but I do not warrant its completeness or accuracy, and it should not be relied upon as such.* + +*I am not under any obligation to update or correct any information available on this website. I am an active shareholder of Gamestop stock.* + +*Also, the opinions expressed by me may be short term in nature and are subject to change without notice.* + +*I do not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed from my reddit account. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you.* + +*You must make an independent decision regarding investments or strategies mentioned on this website. Before acting on information on this website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.* + +*The content on this posting is provided "as is;" no representations are made that the content is error-free.* + +*None of this is insider trading and is all publicly available information.* + +*Thoroughly researching a company, performing your due diligence, and long-term investing into a stock you like is strongly encouraged. Market manipulation is illegal and is totally discouraged.* + +*You should be aware of the real danger of investment frauds and scams.* + +*Disclaimers made in this presentation may be applicable to all statements made on this reddit account.* + +[https://www.sec.gov/oiea/investor-alerts-bulletins/ia\_rumors.html](https://www.sec.gov/oiea/investor-alerts-bulletins/ia_rumors.html) + +[https://www.sec.gov/investor/alerts](https://www.sec.gov/investor/alerts) + +[https://www.sec.gov/oiea/investor-alerts-and-bulletins/risks-short-term-trading-based-social-media-investor-alert](https://www.sec.gov/oiea/investor-alerts-and-bulletins/risks-short-term-trading-based-social-media-investor-alert) +Hmmmmm can't imagine what unscheduled event DTCC and participants may need to plan for! Spotted this, although from June not seen it posted previous and effective immediately. + +Part extract from introduction below, - see link for full document on DTCC site + +[https://www.dtcc.com/-/media/Files/Downloads/issues/Unscheduled\_Close.pdf](https://www.dtcc.com/-/media/Files/Downloads/issues/Unscheduled_Close.pdf) + +DTCC (on behalf of DTC, FICC & NSCC, the “Clearing Agencies”) has prepared the following guidelines to address processing issues that may arise due to an unscheduled closing of any exchanges, banks and/or markets (“unscheduled closing”) supported by the Clearing Agencies’ products and services. In the event that an unscheduled closing does occur, DTCC and the Clearing Agencies would work closely with the appropriate regulatory bodies, industry groups and the Clearing Agencies’ members/participants to employ the steps necessary, taking into account the market conditions and circumstances presented at the time, in order to minimize disruption to the markets. In the case of an unscheduled closing, which could occur, for example, on a national day of mourning (i.e., the death of a former President), or during an event causing significant regional impact, such as natural disaster or other similar circumstances, each Clearing Agency will continue to process data for clearance and settlement purposes by accepting transactions from any open exchanges, markets, or members/participants, as applicable, as well as the aging and staging of transactions that have already been submitted and accepted by the respective Clearing Agency for the next steps in the settlement cycle. + +During an unscheduled closing, DTCC and the Clearing Agencies would seek to minimize disruptions to the securities industry by continuing a “business as usual” processing routine and conforming as closely as practical to normal operations. Although numerous scenarios could occur in the event of an unscheduled closing, DTCC and the Clearing Agencies intend to adhere to as consistent of a plan as possible, depending on the facts and circumstances presented at that time that is readily adaptable by the industry. DTCC is issuing these guidelines to advise members/participants of the Clearing Agencies’ plan to follow in the event of an unscheduled closing, and to encourage clients to assess the impact of these procedures on their own processes in such an event. Accordingly, DTCC strongly recommends that members/participants examine their internal processing and dependencies and, where feasible, take these guidelines into account in preparation of their own procedures relating to the processing of transactions and related activity. Questions or comments regarding the topics in this paper may be directed to your Relationship Manager +I was curious how others are storing their pricing data for a list of securities. + +When I first started learning how to put things together, I went with the default python tutorials that scraped off Yahoo Finance and stored OHLC prices by symbol to csv files. As I progressed, I learned how to pivot that storage to a SQL database. + +Recently I was talking to a friend who works with databases (non-trading) and he mentioned that general practices on his team are to minimize the number of columns where possible. + +He also mentioned that there should be a separate dates table that is used to pull data with, rather than use dates as a key within a pricing table (still a bit confused as to how this would work). + +Can anyone validate the "best practice" approach above? + +It would also be great to hear other best practice items as well. + +I'm sure I'll end up "re-building" my setup many times in the future but I'm hoping to start off "on the right foot" as much as possible. + +As a note - my setup won't be intra-day scalping so latency isn't as critical. +If not, what do you say you do for a living? + +I have a fairly successful approach and feel disclosing this to my family would lead to some of them asking me to share my algorithms. +Time for some honesty, and hope that this resonates for others too. + +I timed the market. I saw the headwinds coming from China, and went to cash. I sold all my LS80, broadly at the top, and was thankful I did. This was luck, and was not how I’d planned to act at all. The impending drop made me nervous. + +So, I sat on cash for a week or two, and saw ‘circuit breakers’ over and over again. I’d done it. I’d beaten the system! But then... + +...then I got nervous that the ‘bottom was in’. So I started buying back in. I saw some decent gains, but thought ‘this can’t last’ and sold out. **Again**. I thought I was being clever, and while this probably resulted in a net-positive for my money, it was a net-negative for my mental health. + +In broad terms: I’m nervous when I’m in the market, and also nervous when I’m out! It’s an unenviable position to be in: constantly looking for that ‘tip’ that the bottom or top is ‘in’. I would read one convincing argument that would sway me one way, and another saying the opposite. + +I learned a valuable lesson. Nobody knows. I knew this was the case before now, but I’ve lived it. Everybody is just trying to find their way in the dark, and trying to justify their own position. Given enough data, any conclusion can be reached. The amount of times I’ve agonised over ‘S&P vs international’ and never could find an answer - because nobody can be sure. + +So, I’m back in - and for good this time, I hope. I’ve checked my own mental resources, and am fully willing to embrace the ups and downs. I saw an article today which said ‘SPY1250 - here’s why’, and then another article - same website! - which said almost the exact opposite. + +So, there we have it. Harder to stay the course in practice, I’ve found. I’ve learned something from this, and hope that paralysis by analysis doesn’t happen to others. + +Interestingly, I‘ve found this to be less impactful for my individual stocks - perhaps because I know their story, and their individual positions, that I’m less nervous. But investing psychology is an interesting beast... +Hi all, + +First time buyer here. The bank is valuing the property £20k less than our accepted offer. To date, the seller is willing to move down £5k but no further so we're 15k apart. I don't have a spare 15k lying around. + +I've worked hard to get together a 30k deposit and the idea of that not going towards mortgage, but directly to a seller just doesn't sit right, or seem to make financial sense. I'm presuming any future buyer would encounter the same issue? + +I was considering putting in 5k over the bank valuation as a take it or leave it. + +I just wanted to check I'm on the right path, or anyone has a similar experience. + +Many thanks, + +- Edit - + +We decided to walk away this morning. We cannot find a similar property in the area within ten percent of the sellers valuation, so taking the view the bank have done us a favour. We could have stretched to purchase with a 95 percent mortgage but if just doesn't appeal to either of us. + +All of your advice and experience sharing was much appreciated and valuable. + +Edit 2 - Seller proposed the banks valuation to stop us pulling out. We've accepted. + +Ten percent saving overnight. Happy days +Hi all, + +First time buyer here. The bank is valuing the property £20k less than our accepted offer. To date, the seller is willing to move down £5k but no further so we're 15k apart. I don't have a spare 15k lying around. + +I've worked hard to get together a 30k deposit and the idea of that not going towards mortgage, but directly to a seller just doesn't sit right, or seem to make financial sense. I'm presuming any future buyer would encounter the same issue? + +I was considering putting in 5k over the bank valuation as a take it or leave it. + +I just wanted to check I'm on the right path, or anyone has a similar experience. + +Many thanks, + +- Edit - + +We decided to walk away this morning. We cannot find a similar property in the area within ten percent of the sellers valuation, so taking the view the bank have done us a favour. We could have stretched to purchase with a 95 percent mortgage but if just doesn't appeal to either of us. + +All of your advice and experience sharing was much appreciated and valuable. + +Edit 2 - Seller proposed the banks valuation to stop us pulling out. We've accepted. + +Ten percent saving overnight. Happy days +I was watching bloomberg where they are doing the "12 days of bitcoin". The guy that is hosting the series gave bitcoin gift certificates to the other two hosts. One of them opens up the certificate to reveal QR code of the private key. They then proceeded to show a closeup of the QR code in glorious HD for about 10 seconds. Hilarious. +*“While the whole world was having a big old party, a few outsiders and weirdos saw what no one else could. \[…\] These outsiders saw the giant lie at the heart of the economy, and they saw it by doing something the rest of the suckers never thought to do: They looked”.* (Big Short) + +I have seen many good quality DD about Corsair. We all know it’s a great business. + +What I want to focus on is the financials. More specifically: **We already know Q4 results and nobody is talking about it! Why? Because nobody looked!!!** + +Corsair recently posted a prospectus related to the sale of 7.5M shares by some insiders (totally normal as it’s mostly the private equity owner – EagleTree - selling a small bit and passing from 78.32% to 68.55% ownership - they sold 7,135,000 out of the 7,500,000 sold… It’s totally fair for the PE owner to cash out a bit). + +Here’s the prospectus (dated 21st of January 2021): [https://ir.corsair.com/static-files/22acfc88-2f42-4b16-8bbb-099323323f33](https://ir.corsair.com/static-files/22acfc88-2f42-4b16-8bbb-099323323f33) + +**1)** Now, check out page 9 of the document + +https://preview.redd.it/vschkxxzj9f61.png?width=609&format=png&auto=webp&s=829a4c30ded977f4e609cd89ba9232bbf7b72c98 + +Yes, we already know they have beaten their own updated estimates… + +In fact, the company initially estimated the following (from Q3 release [https://ir.corsair.com/static-files/9eeb96ec-6c9b-47f6-a7e5-6c9f0312b50d](https://ir.corsair.com/static-files/9eeb96ec-6c9b-47f6-a7e5-6c9f0312b50d)) + +https://preview.redd.it/cl6mh2o0k9f61.png?width=713&format=png&auto=webp&s=4387b8b6946e1c590759dff68461886ebda861b1 + +Then, they updated the guidance on November 30th 2020 ([https://ir.corsair.com/news-releases/news-release-details/corsair-gaming-updates-full-year-2020-outlook](https://ir.corsair.com/news-releases/news-release-details/corsair-gaming-updates-full-year-2020-outlook)): + +https://preview.redd.it/qvv0fpr1k9f61.png?width=573&format=png&auto=webp&s=01c9a93002a7a6eb5ad743c8deecc11f832b2c99 + +**So they have beaten their own initial and revisited estimates. Great!! Really great!!** + +&#x200B; + +**2)** But that’s not all we can easily infer from the Prospectus dated January 21, 2021 (Again… we just need to look). + +As they mention on the Q3 report, “as of September 30, 2020, we had cash and restricted cash of $120.1 million, $48.0 million capacity under our revolving credit facility and total long-term debt of $370.1 million”. + +In the prospectus (page 10): + +https://preview.redd.it/qlv5n6p3k9f61.png?width=700&format=png&auto=webp&s=dc5b679a014a8ad0cea915895624da6e986f7c28 + +**This means that they have reduced net debt from $250M ($370 - $120 of cash) to $194M, which implies $56M of free cash flow generated during the quarter.** As a reminder, they generated around 21M FCF in q3 2020 and 94M in the first 9 months of 2020. So this implies around 150M FCF in 2020 (as a reference in the first 9 months of 2019, they had negative FCF of about 6M). + +(check cash flow statement at page 14 on the Q3 report here [https://ir.corsair.com/static-files/9eeb96ec-6c9b-47f6-a7e5-6c9f0312b50d](https://ir.corsair.com/static-files/9eeb96ec-6c9b-47f6-a7e5-6c9f0312b50d)) + +https://preview.redd.it/6gjiky55k9f61.png?width=643&format=png&auto=webp&s=3b559fc2749e35e458f1fa11073a41fc8e666dcf + +At $39, Corsair has a 3.5Bn market cap (91.92M of shares outstanding). + +This is a very respectable cash flow yield of 4.2%. I’d be expecting a much lower yield from a company growing as fast as Corsair is (60.7% growth year-over-year in Q3 and, assuming sales of 554M for Q4 vs 327M for Q4 2019, a growth of 69.4% in Q4). + +\----- + +Now, you must be thinking: but the smart money already knows this! They have accounted for it! + +I used to be like you… I used to think the market was efficient and that big funds and banks were always looking carefully at things! + +No f\*\*\* way!!! + +Take a look at Goldman Sachs’ research from February 1st 2021 (yes, after the prospectus was published). + +Someone shared it on reddit + +[https://preview.redd.it/nrmzjy9lw3f61.png?width=4129&format=png&auto=webp&s=0c3bf8e1c1308a15dbbb26b519c58a4d7dea8ab0](https://preview.redd.it/nrmzjy9lw3f61.png?width=4129&format=png&auto=webp&s=0c3bf8e1c1308a15dbbb26b519c58a4d7dea8ab0) + +They still base themselves on the updated guidance of November 30th 2020. No mention whatsoever of the much more recently updated “guidance” (more than a guidance, it’s actually the results given how close the ranges are…) + +**TLDR**: Corsair is a great company and its results are already out! + +Make your own investment decisions! +I am trying to assess a job offer but I am using my retirement contributions as part of the comparison. + +Company A: 80k salary plus company contribution of 10k to 401k + +Company B: 90k salary, zero contribution to 401k + +Which is objectively better and by how much? +Case and point to any of those investing in altcoins. Be careful. + +[https://www.independent.co.uk/tech/terra-luna-ust-crypto-price-crash-b2076655.html](https://www.independent.co.uk/tech/terra-luna-ust-crypto-price-crash-b2076655.html) +While I'm not an advocate of active investing, I do wonder what the eventual effect of so many people seemingly blindly allocating money to index funds will be. I also wonder what the risks are of one fund manager (vanguard) housing so many people's investments. Will the impact be negligible because retail investors have always invested with limited knowledge (the only difference now being money is spread across multiple companies rather than a couple) or will it create larger gaps between market price & true value? +I've always wanted to clarify - what exactly are the "interest rates" that the government adjusts when we hear about them doing so, in the news? + +Is it loans and mortgages? Because each bank has different interest rates for those, so how does the government fit into that? + +Is it on savings accounts? Like, the interest I earn on my money? If so, then why once again, do banks each have different rates? + +Can someone help me understand? +So, the US dollar is fiat currency because it's value comes from us simply believing that it has value. How is bitcoin any different? What gives it value besides everyone agreeing and believing that it does? How is it not just another form of fiat? + + +Like, gold has value. Food has value. Petroleum has value. Pots and pans have value. Guns. Land. Water. Etc. All these things are valuable because they can be used for something. + + +What can bitcoin be used for? +BTC Shorts on bitfinex streted to rise today at 9:00 steadily till now, and are up 900% today ([https://www.tradingview.com/symbols/BTCUSDSHORTS/](https://www.tradingview.com/symbols/BTCUSDSHORTS/)). BTC is steadily decreasing in price - not saying that only because of that, but it sure helps driving the price down by creating a huge sell pressure. I am not big fan of conspiracy theories and WSB blame-the-short-sellers game, but it sure looks suspicious. If you look at that shorts charts on bitfinex, they always seem to rise immensely in a single day. I suggest looking at BTC shorts for any BTC holder that wants to buy/sell. If anyone has good theories on why these shorts behave this way - let's discuss it, as I would be very interested. An obvious explanation is coordinated selling pressure by large institutional players. + +Edit: Over 1000% now. Noice +The EV market, and the entire car market in general, is riding an unsustainable bubble right now. People are buying cars they can’t afford, repo rates are through the roof, and the shortage of supply is leading to dealerships charging absurd markups for average cars. + +I really really hope a 2008 style correction happens soon, otherwise cars are going to follow the footsteps of housing in terms of unattainability. There are already 96 month auto finance options so only a few steps until we’re talking mortgage numbers + +It’s not that the financing *rates* for cars are terrible, its that cars are so expensive that the financing *terms* have had to skew *far* longer than a normal auto loan. + +It used to be that the average car loan was 36 months. Now, with cars so expensive, they've had to kick financing options out to *96 months*. Even at a low interest rate, carrying an auto loan for *8 years* is pretty ridiculous. + +Auto loan *rates* be damned, the cost of cars has gotten so inflated. + +How would one profit off a automotive market ”correction”? +After a couple of months of paying the steep tuition of the Options Trading University, I decided it’s about time to quit messing around and start building for the long run. I plan to begin from $1000 in a cash-based account and try to grow up for at least three years. I figured I am quite good with quick day-trades riding candles, and generally, I know how to make money but I have a hard time keeping it. (For example, I tried this 1000 dollars challenge already a couple of weeks ago, and I was up to $3000 in a few days.) So to balance this, what average return should I try to stick with ( I was thinking about 3 percent weekly, is that reasonable?) On this note, I'm always capable of matching these weekly goals, but once I'm done for the week, I make the mistake of switching to risky positions and actually go red. What's a solution for that? Theta? Withdrawal extra returns? Also, at what portfolio size it's more convenient to switch to plain shares instead of options? + +I'd like to hear from people that attempted similar stuff, how did it go, what mistakes you made along the way, and what tips you'd like to hear if you were starting over again. +https://www.cnbc.com/2022/10/27/us-gdp-accelerated-at-2point6percent-pace-in-q3-better-than-expected-as-growth-turns-positive.html + +The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing inflation fears, the Bureau of Economic Analysis reported Thursday. + +GDP, a sum of all the goods and services produced from July through September, increased at a 2.6% annualized pace for the period, against the Dow Jones estimate for 2.3%. + +That reading follows consecutive negative quarters to start the year, meeting a commonly accepted definition of recession, though the National Bureau of Economic Research is generally considered the arbiter of downturns and expansions. +Tldr; thinking about punching out of my job into retirement but questioning it. + +When you have hit your FF number, how do you know when it's time to pull the plug on 'work'? + +My identity is tied closely to the career and now small business I've built. Growing up, kids use to say I was the hardest working kid on the block, mainly because my dad was a grinder back in the day and he imparted that grind mentality on me. But deep down, that fire isn't burning like it once was. I've slowed down and just not the clear thinker I use to be. And the industry I'm in is a younger person's game (which I succeeded at 20 years ago). And my business is small - good, not great. + +This week I got gut punched in the gut in my small business 3x - one day I could feel stress coursing through me on a sale that wasn't made. The buyer was abrupt, to the point and didn't value our approach. It was a defeated feeling. + +By end of week, I am questioning what the heck I'm doing with what little time I have left on earth. My time is consumed with helping others to succeed at my expense. I'm working all the damn time and really not present with my family. And Im nearing 55. And we are all dealing with this covid situation. + +My dad thinks it's crazy to even bring up exiting working at my age and he doesn't approve even though it's my decision obviously. He grew up in a 'work for same company, get a pension' era that doesn't exist. And I'm more successful than he was because I was at the right place at the right time with a strong work ethic. + +It's a confusing feeling. Part of me wants to keep fighting the good work fight, to grow the business, make it a success, leave the industry as a 'player'. The other part of me is really questioning what I'm doing with work and what I could be doing. + +When do you pull the trigger to stop 'work'? Is it a number, a time, an event in life? Is it fear that holds one back from exiting before 65? Peer pressure? +I'll try to keep this short. We wanted a very specific car that has not been in stock because of the chip shortage. Luckily, the dealership near us had the exact car coming in, so we went in to purchase it. + + +They came out with a contract that included a $2,000 charge for some GPS that the dealership adds to all of their cars. We told them we were not interested and got up to leave. They stopped us and brought out a new contract for just the price for the car, exactly what we wanted. We signed the contract. + + +While waiting to talk to the finance guy, we filled out the financing forms and they began to run our credit. While waiting, a manager came up to me and told me he will not sell me the car without that $2,000 extra thing. I told him I already signed the contract and you already ran my credit. He didn't care and he would not give me a copy of the contract.... + + +Anything I can do to get the credit pull off my credit account? I know it hurts my credit, so I'm really frustrated. I made a dispute with all 3 credit bureaus. Experian already came back to me and told me while the situation sucks it's technically not fraud and the best thing I can do is talk to the one that ran my credit, but I'm not so sure what that would do? Needless to say, I don't exactly want to be talking to them, but if I must (and if there is something they can do) then I will. + +​ + +Does anyone have any tips on how I can remove this credit pull from my credit? + +Edit : Thanks for all the replies. It seems it won't effect my credit as much as I thought. I'm just going to me moving on. And for those that asked, I'm trying to get a pacifica hybrid. +TL;DR: Learn from your mistakes. Don’t give up. + +I started investing in 2017. I was proud of myself after going from $5000 to $6000 then I started taking huge risks on penny stocks, adding more money to my account, and soon found myself down huge. I walked away when I was down $5000. I came back a year ago with a new outlook. I recognized I had been making the same mistakes over and over and there were the big lessons I had to learn: + +- be skeptical of a company you’ve never heard of; stay away completely until doing lots of research. +- hold good-performing stocks for a long time +- gains are gains; it doesn’t have to be sexy. As the adage goes, some of the most boring investments are the best investments. +- read the news (world news, national news, etc.) +- make a plan and stick to it unless you learn information that gives you evidence that your plan is worth changing. +- take advantage of the worst stock market crash ever (LOL) + +I’m not an expert, I just wanted to share my story and offer hope to people who are newer investors who are losing lots of money...take a break, refocus, and come back when the time is right for you. + +[Pics of my 1-year performance and my overall performance](https://imgur.com/a/616Fm5D) + +Hey all, I'm a new investor here, 14 yrs old, and I'm about to invest 50$ tomorrow when the market opens up into ASTI. I did lots of research and my dad even likes it to. But I'm still very nervous, it took along time and work to get this money. In total from July I made around 350 bucks and I really want this 50$ to fly. What do you guys think? +[https://www.bloomberg.com/news/articles/2022-06-06/sec-weighs-sending-retail-stock-orders-to-auctions-for-execution](https://www.bloomberg.com/news/articles/2022-06-06/sec-weighs-sending-retail-stock-orders-to-auctions-for-execution) + +The US Securities and Exchange Commission (SEC) is weighing changes to stock-market rules that could force trading firms to directly compete through auctions to execute trades from retail investors. + +How do you think this might affect retail trading platforms like Robinhood (HOOD)? +Debated writing this up for a while, but decided that I wanted to document this big shift in my FIRE journey and maybe someone will find value in it. + +**Backstory** + +My wife and I are almost a third of the way to FIRE at age 28/29. We were fortunate to both be like-minded with regards to finances, find good jobs out of state college, graduate with no debt due to scholarships, and have parental assistance for housing. We bought a house in 2018 and were on a trajectory to stay put until hitting FIRE sometime in our late 30s. + +But as a result of some COVID-induced introspection, my wife and I decided we wanted to move out of our MCOL Southwestern city. I am in consulting and my wife works in sales - we made a very comfortable living in a growing first-ring suburb. Altogether, we had a great life near family, but got the itch to do something different before starting a family. Reasons are many-fold, but largely we wanted to get out of the city I grew up in, seek adventure outside the prototypical suburban lifestyle, and experience the true city feel visiting neighborhood restaurants, walking to parks, and riding bikes around a city with actual urban infrastructure. So naturally, we went to the end of the spectrum to move to NYC. It wasn't a particularly easy decision considering we had a pretty idyllic life around my entier family and there was a fear of lifestyle inflation, but after running numbers we decided to do it about a month ago. Our tentative plan is to stay for about 3 years until starting a family and being closer to our relatives. + +**Employment / Income Statement** + +There was a business need for me to go to NYC at my company, so I received a COLA compared to my previous salary. My wife will not be getting the same, but I could see this move being positive for her career as she can interact with team members in-office now. + +We also have 2 rental properties purchased in a LCOL state + the home we have converted into a rental property. All three are occupied for at least the next year. + +Income Source | SW City | NYC +---|---|--- +Husband W2 | 146k | 175k +Wife W2 | 70k | 70k +3 rental props | 10k | 15k +*Minus taxes* | +*Minus expected yearly expenses*| *65k* | *92k* +**Projected Post-Tax Savings** | **88k**| **70k** +**+Project Pre-Tax Savings (HSA and 401ks)** | **44k**| **44k** +**Projected Total Savings** | **132k (58% savings rate )** | **114k (44% savings rate)** + + +**A Dig into Monthly Expenses (for both of us)** + +Figure it's not necessary to boil down every line item of the move. But I figured I'd call out some of the big line items from our budget that are changing. + +Category | SW City | NYC | Reasoning +---|---|----|--- +Housing | 1.6k (mortgage) | 3.7k (rent) | A painful fact of life living in NYC. Went for the 2 bed/1 bath since we both work from home some days. Each month is painful, but we love our new location so far. +Groceries | $500 | $700 | Figured we'd need a bit more breathing room to shop at local stores, but will try to head to Costco or TJ's for bigger shopping runs to keep it reasonable +Restaurants + Drinks| $300 | $600 | Doubled our budget from previous city. Why come to NYC without enjoying the diverse food options. I could see this ballooning at times due to drink prices, but we aren't big on expensive dinners so hopefully we'll be able to keep it down. +Entertainment | $100 | $300 | This includes things like going to a game, a play, or a museum. Similar to the line of thinking for restaurants + drinks. We are going to take advantage of being here. +Gas | $200 | $0 | Ah the relief of not having to drive on a daily basis +Public Transit | $0 | $100 | We will be walking and using bikes to get around between home, office, and daily chores. But need some budget for times we'll use the subway/bus + +**How This Impacted Our FIRE Plans** + +* Our current net worth (including brokerage investment, 401ks, real estate, etc.) is about 525k +* We are about 30% to our FIRE goal of a 1.8M (60k/yr at 3.25% WR) with rough projections putting us at FIRE at age 36 +* If we hadn't moved to NYC, we'd hit our goal only marginally faster sometime in the realm of age 35 +* Once we ran these numbers out of curiosity, we realized how the increased cost of living for a few years is only barely going to put us off our goal. +* Of course this doesn't factor in the cost of starting a family, emergencies, economic downturns, etc. but none of these models can account for everything! + +**Okay So What?** + +If you asked me 5 years ago if I would leave to go live in NYC I would have laughed and said hell no. But something in our lives changed and we had the urge to do something different. I don't think we would have had the confidence to do it without being on the path to FIRE. A key moment may have been reading Die with Zero and having it click that we shouldn't wait to experience the world around me until we hit that magical FIRE number. We plan to spend lavishly in our key enjoyment categories while here to maximize our time. + +Eventually, I think I'll end up back in the SW City near family (hence the 60/yr WR). But that option is always there and who knows how our lives will change out of this experience. I may even end up having to change that FIRE number to match living in a big city! + +Thanks to anyone who read. Would love to hear about any others who have had similar experiences. +Hello all, + +I'm just curious if there's others out there that have fatFIREd with most/all of their NW in RE. I have $7m-$10m in real estate equity. A lot of it depends on if I can truly get appraised value, selling costs, etc. I'm 36 with a wife and two 8-10 year old children. My longest term window would be to FIRE in 10 years when my children are out of the home as I really am not sure what I'd do differently until then. I enjoy working for the most part. In 10 years I would say I'd be easily at double that number. My FIRE goal would be to do significant travel. + +What have some of you done that have come from a RE background? + +1. 1031 into NNN property? +2. 1031 into syndications? +3. Keep existing portfolio and just outsource to a 3rd party mgr to try to be as hands off as possible? +4. Sell, eat taxes, and put into the market? +Do you have a passion project? Or a passion cause? Pent up task? just waiting for time to free up? + +What is it? + +For me, I’m a builder by trade and loved small houses before it was in style. My ultimate passion project and post-REtirement plan ('cos who has the time) is building a tiny (600sf) luxury home as the primary builder somewhere amazing (Sedona or ST. Pete Beach are leading contenders). To be clear, the goal is to build it myself and maybe hire on a few people to do the isht I detest (sanding, painting, HVAC). + +For my spouse its a 60 day trek (read secular pilgrimage) through El Camino de Santiago. I'm not entirely enthused by this but I've committed to trudge along (for at least part of it). + +I'm a bit curious to what others have planned. Perhaps even some ideas to borrow from. + +*Note:* This is not a how to achieve or maintain fatFIRE status post. It’s more on the how to use the resources (time and capital) afforded to you by fatFIRE-ing. I’ll let mods decide on its relevance to the sub. +I sent $500 worth of USDT-BEP20 on my smartchain subnet of MetaMask to my Ethereum ERC-20 custodial wallet with Kraken. According to kraken, when a deposit is sent on the Binance Smart Chain to a standard Ethereum address, the private keys would need to be exported and then imported into a Binance Smart Chain wallet in order to recover the funds. + +However, this is not possible with their ERC-20 deposit addresses, as they are generated using smart contracts on the Ethereum blockchain. Addresses generated this way don’t have private keys associated to them, therefore they have nothing to export. + +Therefore, my money gone. Therefore, I am a fool. Dammit. + +Update: Thank you to all my fellow foolish kindred apes for responding. I feel much better now after reading of y’all’s failures & shortcomings. While this was a comedy flair, I definitely did fuck up and the loss was very real. But, from the look of it, we’ve all fucked up one way or the other. And from the most selfish dwellings within myself, it helped ease my pain. Tonight we drink. Cheers! +**$IDEX - 1 million sq ft facility in China with 18,000 sq ft electric cars opening in summer. TODAY PR came, they did $33M in first month, expecting to do more in June.** + +&#x200B; + +>\- Province to province getting mining and heavy duty contracts in China, CEO said it himself. +> +>\- Treeletrik will IPO in 2020 another company they own. They own land like Fintech Village (Failure but land has value, looking for partners), They own grapevine logic, a competitor FameBit was sold for $1B to google +> +>\- Just started a partnership that will invest in China. +> +>\- Have an order to fulfill for $575M worth of buses. 5000 buses +> +>\- Qingdao City Construction Investment Group signs up to RMB 50 Billion (approximately USD $7 Billion) fund to finance investments in Shandong Province Ideanomics' MEG Group will be the beneficiary of approximately 20% of the new fund which will be allocated to purchasing EVs in Shandong province +> +>\- Ideanomics' MEG Signs Agreement with Beijing Xenning Green for EV Procurement and Financing +> +>\- Deal includes procurement of more than 100,000 buses over five years +> +>\- Owner - Billionaire - His wife - Forbes top 100 most powerful women +> +>CEO - Sold his company to AOL - CFO - was CFO of a billion dollar company +> +>Vice Chairman - part owner of WWE - Their Office Space - Near KMPG and Watsons +> +>\- YorkVille Advisors are known for buying and holding their positions, they just bought $1.5M worth of $IDEX yesterday and we shot up 100%. Today after hours they bought $10M of common stock. +> +>They are only 17 minutes from IDEX headquarters. Clearly some inside info they know thats why they bought $10M at $1.11. + +&#x200B; + +Source: + +&#x200B; + +IDEX is focusing on the EV market in China. A huge new trend. + +&#x200B; + +1. $IDEX also has a 1M sq ft facility for EV cars that will open this summer in China. [https://twitter.com/ideanomicshq/status/1268924154545307648](https://twitter.com/ideanomicshq/status/1268924154545307648) +2. Original founder part of owned WWE in US. +3. Current owner is a Chinese billionaire. His wife is ranked Forbes 100 most powerful women in america. She was chosen to represent China as the ambassador for Beijing’s bid for the 2008 Olympic Games. +4. Current CEO sold his company to AOL. +5. Current CFO is Conor Mcarthy who was CFO of GFI Group - a brokerage firm doing $1B and publicy traded +6. $IDEX entered a partnership with Business Big Data PTE. +7. The seven key development areas for new infrastructure construction are: 5G, UHV, intercity highways and intercity rail transit, new energy vehicle charging stations, big data centers, artificial intelligence, and the industrial Internet. + +An address search came up with the following: 16 RAFFLES QUAY #41-01, HONG LEONG BUILDING. + + Ideanomics (@ideanomicshq) + + The MEG Center in Qingdao is a 1 million sq ft EV expo center with the capacity to hold 18,000 vehicles. The official ribbon-cutting ceremony will be held later this summer. For updates, sign up for our monthly newsletter: https://t.co/KtERMwWyUQ https://t.co/ECIt4Q7z7j + + Twitter [6:11 PM] + +It's a major building with many key companies. KPMG, Watsons, both are visible on street view. Of course this doesn't show much, but it does show they are surrounded in an office with major players. + +7. BIG PARTNERS [https://pbs.twimg.com/media/EZgf5-HWoAAuZbQ?format=jpg&name=large](https://pbs.twimg.com/media/EZgf5-HWoAAuZbQ?format=jpg&name=large). You can see here tons of top companies are partners of $IDEX. + +8. Zhu Jun leads their energy group. Zhu was a general manager for Zhejiang Kangsheng Co., Ltd another $1.8B company. + +9. [https://www.proactiveinvestors.com/companies/news/917776/ideanomics--electric-vehicle-division-eyes-chinese-government-initiative-to-increase-ev-adoption-917776.html](https://www.proactiveinvestors.com/companies/news/917776/ideanomics--electric-vehicle-division-eyes-chinese-government-initiative-to-increase-ev-adoption-917776.html) Just read this. + +10. BEST PART, volkswagen [https://twitter.com/BullsFreds/status/1268758304723013637/photo/1](https://twitter.com/BullsFreds/status/1268758304723013637/photo/1) + +11. The vice chairman just converted his notes into shares. As an insider, he knows something we don't. He converted it at .59, so if the vice chairman 100% knows his notes are safe at .59, he knows this thing is about to explode soon. + +12. [https://www.proactiveinvestors.com/companies/news/920280/ideanomics-says-meg-division-forges-strategic-alliance-with-smart-travel-tech-leader-qinou-to-rev-up-electric-taxi-sales-920280.html](https://www.proactiveinvestors.com/companies/news/920280/ideanomics-says-meg-division-forges-strategic-alliance-with-smart-travel-tech-leader-qinou-to-rev-up-electric-taxi-sales-920280.html) + +The partnership is expected to drive projected sales of 30,000 units by 2023 valued at approximately 4 billion renminbi ($562 million). + +13. [https://www.prnewswire.com/news-releases/ideanomics-announces-updates-on-treeletrik-subsidiary-plans-ipo-301021506.html](https://www.prnewswire.com/news-releases/ideanomics-announces-updates-on-treeletrik-subsidiary-plans-ipo-301021506.html) + +Treeletrik is looking to IPO in 2020 a company $IDEX has a 51% ownership in land alone at Kuantan Pahang is worth $25 million. + +14. they have fintech village, looking for investors, land alone worth $5-20 million + +15. [https://twitter.com/BullsFreds/status/1269688289721810944](https://twitter.com/BullsFreds/status/1269688289721810944). Watch this, it's massive. + +16. Ideanomics MEG just announced its EV partners to fulfill multiple EV taxi sales orders: BYD, Dong Feng Nissan, Chery, Kia, Geely, and Tesla. [https://investors.ideanomics.com/2020-06-10-Ideanomics-MEG-Finalizing-Multiple-EV-Taxi-](https://investors.ideanomics.com/2020-06-10-Ideanomics-MEG-Finalizing-Multiple-EV-Taxi-Orders) + + Ideanomics @ideanomicshq + + Ideanomics MEG announces its EV partners to fulfill multiple EV taxi sales orders: BYD, Dong Feng Nissan, Chery, Kia, Geely, and Tesla. http://ow.ly/DUZf50A3VNu + + Twitter 7:30 AM · Jun 10, 2020 · Hootsuite Inc. + +&#x200B; + +\*Note: original post was mistakenly auto removed by bot moderator due to wrong flair. Human mod helped approve the 're-post'. + +&#x200B; + +Edit: reply to u/terobau on if i'm still holding IDEX stocks: + +Of course, IDEX holds better than any stocks I have in the plunge today, which strengthens my confidence in the company. Ideanomics price re-climbed after hours after good news about their second-stage of debt conversion. If the Chairman and Vice-Chairman and the company's investors, Venturas and YA II PN, don't believe that the company could grow, they wouldn't put money into the company with the intention of converting it into equity. + +So, what is a convertible debt? + +>It's simply a loan that an investor provides to a startup. It's a loan that's made with the intent that it's not going to be paid back, but the intent that in the future it'll convert to ownership in the company. Typically, it'll convert into stock in a C corp. Convertible debt is very common method to startup companies. + +On June 11, 2020 IDEX announced the second-stage of debt conversion, with the noteholders of each of the senior secured convertible debentures, and subordinated secured convertible debentures originally issued by the company during 2019, representing approximately USD 10.6 Million owed to two NY-area funds, ID Venturas and YA II PN. This comes on the back of last week's announcement that the Company's Chairman and Vice-Chairman had each converted their debt as part of the Company's plans to clean up its balance sheet and reduce interest payments as it gears up for growth. The effect of this has pushed out the average maturity on remaining debt until mid-2021. [https://www.prnewswire.com/news-releases/ideanomics-announces-reduction-of-debt-holders-as-part-of-growth-plans-301074797.html](https://www.prnewswire.com/news-releases/ideanomics-announces-reduction-of-debt-holders-as-part-of-growth-plans-301074797.html) +[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/) +Bitcoin is a revolutionary approach like never seen before in the history of the world. It is even more disruptive than any revolution seen before as it does not depend on weapons and the beheading of kings but offers an exit from the centralized financial world. It is a truly peaceful revolution that does not need guns and bloodshed and that is not aiming at putting someone else on the throne but burning down the throne altogether instead. Decentralization instead of replacing the central power that is. + +Any kind of revolution always triggers a counter-revolution. Re-centralization of the network is the counter-revolution to Bitcoin. In an even more sophisticated way than Xtcoin and Classiccoin BTU is aiming to enable re-centralization of mining, nodes and software development. They even wanted to install a “president” of Bitcoin. No kidding! :) + +With every wave the counter-revolutionary re-centralization movement is getting louder and stronger. This one has been exceptionally smart in attracting big miners / pools to it by telling them that they can outcompete and eat the smaller ones. But with every wave Bitcoin is getting stronger and more resilient as well and it has given us the ultimate tools to fight off these attacks: actual, factual decentralization and immutablity of the ledger. That is what Bitcoin stands for. No compromise on that, sorry! + +And these attacks will never stop. So even if BTU goes down the drain now please be aware that the fight for your own freedom will never end. “Compromise” like it has been suggested a lot in the recent days is not anything the re-centralization movement wants. It wants perpetual war and perpetual infighting and it will do anything it can do to achieve that and that means that the next iteration of the counter-revolution is already at your doorstep. + +Freedom is never achieved for good. Freedom is something you lose when you go to bed at night and that you will have to fight back again next morning when you get up. + +Keep on hodling! Keep on running your own node! And maybe even get that old 330 Megahash USB-miner out of your memorability-drawer and hook it back up to the network just to make a point! :) + +Edit: added a zero. +I’ve posted here before. I’m getting a divorce and my ex husbands car is in my name. + +His credit and income are poor so it cannot be transferred in his name.The car is a 2012, Ls450 with 100k miles and a loan balance of 27k. The balance is high because he kept trading in cars. Honda and 4Runner. + +I know this was a stupid decision. In my defense I’m a recovering people pleaser and abuse victim, so I tried to do whatever to make him happy. I can “afford” the payments with my salary of 61k. However, I don’t want to pay for it or keep the car unless I have no choice. + +My family said since it’s in my name I just need to pay off and consider it a lesson learned. + +What can I do in my current situation? I don’t even like the car and I don’t want to completely ruin my credit (740 credit score). Any advice? + +Edit: Super surprised this blew up. My ex husband isn’t broke. He make decent money but his current income and credit score makes him ineligible for that loan. Also, this is the only assets we have. No house, no pets, nothing. Everyone is suggesting a lawyer but I want to handle this amicable. +With all of this insanity this week you would think at the very least you’d think BTC would be closer to $13-$15k and ETH well under $1,000 again. + +They were around the Luna disaster , but for some reason there’s a level of floor that isn’t being broken. This is also amidst various reports that people are buying and attempting to move these holdings in FTX for a fraction of what they are worth. + +Who knows how credible that all even is. + +Yet the floor remains the same. + +I’m no bull or moon boy by any means. I like my bears fat. + +But if this week couldn’t put BTC & ETH to new yearly lows what even could? + +There’s some solace in that for BTC and ETH. But as for any other alt - you just never know. + +There’s no Fed pivot and no stimulus coming to save this market any time soon, despite what the hopium folks try to post. What you’ve seen this week could be our new reality. + +Prepare yourselves, if you’re using an exchange be cautious and stay aware & engaged. Please use wallets be it custodial or web based. + +All of your crypto depends on it. + +If you didn’t learn from this - then you’ll never learn. + +Be safe fellow degens! +TLDR: QLC chain has built a platform (DEX) which is onboarding 10+ global mobile operators this quarter (including China Telecom and AT&T). 5m marketcap. Close to ATL in terms of satoshi value. Listed on Binance and Bittrex. Ready to explode when mobile operators come onboard and start buying up QLC. + + +Title says it all really! + + +Go do your own research on QLC Chain. It's the most undervalued crypto project I've ever come across and it all comes down to marketing. There is none.......when everything goes public this coin is going to absolutely explode. + + +The project develops solutions for the telecommunications industry. They're one of the leading members of MEF and have developed a DLT-based commercial and operational data-on-demand platform. + + +They are a sleeping giant........they've 10+ global mobile operators coming on board and yet no one has a clue...... + + +The team has been building non-stop for the last 3 years and have done close to zero marketing. + + +They're launching a DEX in a few weeks time and these operators will be onboarding here and buying QLC. + + +We don't even know the names of a lot of these operators as they're under NDAs........what we do know is that China Telecom and AT&T are amongst them..... + + +When this all goes public this is easily a 100x....... + + +Currently QLC is listed on both Binance and Bittrex and it's at an all time low in terms of satoshi value..... + + +Just read this article. It's written by Andreas Freund who works for QLC chain.......he only mentions QLC chain a few times in here but basically the whole article is regarding what the project has built.......mind boggling that this isn't a top 50 coin right now +[https://www.mef.net/billing-at-warpspeed-using-dlt-based-smart-bilaterals/](https://www.mef.net/billing-at-warpspeed-using-dlt-based-smart-bilaterals/) + + +If you've any questions just join their telegram group! They just moved across to a new telegram group a few days ago so the numbers are low. The handle is @[OfficialQLCChain](https://t.me/OfficialQLCChain) +https://www.cnbc.com/2021/08/16/wish-stock-down-27percent-in-two-days-and-78percent-since-january.html + +Wish reported a surprising drop in second-quarter sales last week and a wider-than-expected loss. + +Marketplace revenue plunged 29% from a year earlier as users shopped elsewhere. + +Since peaking at $31.19 on Feb. 1, Wish has lost more than three-quarters of its value. + +This is to remind investors please invest in ipo stock carefully. It could lose value much more faster than you think. If you are still holding this stock, you really need a long term horizon and patience. +Let's do some simple math. 744,000 Members. I Know we have bots in those figures, but plenty of people don't have an account. A lot. + +Let's just use that number and play a game. + +744,000 people with 76,350,000 shares of GME total. + +76,350,000/744,000 = 102 shares\* per a person. Seems like a lot, but that's the fucking whole companies outstanding shares! + +That's not even including RC, DFV, & Insiders. Guaranteed Holders at this point. + +Then you have institutions. + +Let's not include any of them for this game. + +14 months have past since GME became a counter-cultural phenomenon. Let's take that 102 Shares per person and divide it by 14. + +7 Shares\*. + +So if retail had to buy the Whole goddamn company in 14 months. Only 744,000 people would have needed to buy 7 shares per a month since this thing started. + +What in the Fuck!? + +Ryan Cohen owns 9 million of those 76m.... + +DFV owns 200,000 shares.... + +Many more whales exist... + +Do the math. MOASS is Inevitable + +&#x200B; + +https://preview.redd.it/00fv022nn1n81.png?width=540&format=png&auto=webp&s=461355dd78f6bb7a963706f949ecbc402d5d5858 +When I was poor I ate whatever cheap food I could and became vitamin deficient and felt like crap for years. If you can, get an off brand multivitamin and take it at least sometimes. Your health is so important and can help your mood, which can get you through the hard times. ❤️ +I had some questions about this tool and thought it would be better posted to as a post rather than a comment on the daily discussion thread. That's because everything in this calculator lies right at the heart of retirement planning, whether early or average age retirement. Getting those numbers right seems critical to decisions about when to choose to early retire or to work some more years. + +Here is the calculator: +https://engaging-data.com/will-money-last-retire-early/ + +First, do you trust this calculator? In other words, do we know if it is accurate in terms of historical values and the math that plots the results? I would assume so, but figured I'd ask. + +Then, I had some questions about what are "FIRE-wise" figures to put in for some of the variables. Obviously, this will depend on everyone's situation and preferences to some extent, but some values seem like they would depend more on what is the most astute FIRE strategy. Those values are these: + +1. **Average tax rate.** The default value is 0%. That doesn't seem realistic unless you live in a no income tax state *and* you are doing the "never pay taxes again" strategy. +2. **Retirement years.** - I feel that longevity gains may really shock us all in the next 30-50 years given the pace of molecular bio research, such as CRISPR. I'm nearing 50, but feel that I should put in 50 years of retirement just to be on the safe side, as it would be rough to run out of money at 90 and then have to eke by for 10 years as a ward of the state, either for myself or wife or both. +3. **Investment fees.** I use Schwab as my after-tax broker and choose no fee Schwab ETFs, and they have an expense ratio of 0.03%. I don't know what my fees are like within my 457(b), 403(b)s, though. +4. **Extra expense.** I've seen news reports that for U.S. retirees, they may expect to spend $285,000 on health-related expenses ([CNBC](https://www.cnbc.com/2019/04/02/health-care-costs-for-retirees-climb-to-285000.html): "A healthy male-female couple retiring at age 65 in 2019 can expect to spend $285,000 on health-care expenses in retirement, according to Fidelity Investments' annual analysis, released Tuesday."). Assuming they both live to 85, that's like $14,250/year extra. And that may climb significantly for many of us who are younger than 65 now. + +So, what would you put for these values? +http://www.reddit.com/r/Bitcoin/comments/1s5zeo/i_think_its_important_we_look_for_connections/ + +I tried to start an intelligent discussion about China and that the news may not be that positive. The circlejerking of everything being extremely positive is ridiculous here and will give bitcoin a bad name as things get more serious. + +I will admit that 8 of the upvotes on that post were from my friends. Without those initial upvotes, the post would have gone no where yesterday (it got one real comment, which was just more circlejerking). I guess I should have titled it GUYS CHINA'S NEWS IS ACTUALLY GOOD EVERYTHING BRINGS BITCOIN TO THE MOON! + +EDIT: I can't believe how many people put words in your mouth here. I have never sold a bitcoin, only bought. Any bitcoin losses have been in the form of trading them for goods (especially on the black Friday campaign). The comments here that say some positives came out of China's news are 100% correct. But the problem is, what we saw yesterday was not a reflection of logically identifying and discussing the positives and negatives. +Chart: https://i.redd.it/nlwafoz8c0o31.png + +(Thanks and credit to u/Pieerre) + +Tesla's market value has increased by 39% over the past 5 years, but Tesla shareholders have not benefited because Tesla has created so many new shares + +Tesla creates an extraordinarily large number of new shares, far more than a normal company. Over the past 5 years, the number of Tesla shares rose from ~125M to ~180M (that's 44% more shares) + +Put simply, the company is divided into pieces (called "shares") and every time a new share is created, the existing shares become smaller (because each share is a smaller piece of the pie) + +The pie grew by 39% over the past 5 years, but each piece of the pie is 3% smaller (because the pie has been divided into so many more pieces). Even though the pie is getting bigger, each piece is getting smaller + +Essentially, Tesla is funding it's operations by draining ownership of earnings and assets away from existing shareholders + +Many Tesla shareholders don't realize this is happening to them. The company is growing but they are being left behind +This is not sarcasm. I've seen a lot of complaints about MEW due to some issues during the Golem mania. + +But I disagree. + +Thanks to MEW I have personally participated in the Golem crowdsale with 2 seperate **succesful and flawless transactions**, in the most **safe and secure** way possible (using offline transactions). The first one I executed 20 seconds into the crowdsale. The second one I executed after 10 minutes because I made my new decision to quickly buy some extra. + + +So why did I succeed with MEW where others failed? Preperation my friends. + +I prepared my signed transactions an hour before the crowdsale. All I had to do during the crowdsale was broadcast that signed transaction. It was as simple as pushing one button. + +Yes, I noticed some delay, it took a literal 12 seconds of waiting until the transaction ID showed up after my click. But hey, 12 seconds is nothing, it were busy moments. + +Thank you MEW for letting me do these 2 transactions in a safe and timely matter. Without you I would have had to install Mist or something similar and download the entire blockchain. + +You made life easy for me and therefore I want to thank you. + +To the rest here that weren't so lucky: next time please prepare your stuff. You knew it was going to be a hot hour. All you had to do is prepare yourself. + +Don't blame the great people that have built MEW. +What is something that’s causing you to hold it or making you to think about buying even more? My biotech knowledge is very limited so I’m here to learn as much as possible. If you’re currently not invested, are you looking to buy any? Or on the contrary have you sold any or looking to sell? Why or why not? Do you think it’s a good investment? + +Really appreciate any response, just trying to follow the breadcrumbs here. Right now the only reason I’m invested in it is because of the track record of Cathie Woods and Arks strategy of structuring their pool of resources and data. I think the way Cathie structured her company also makes her a better candidate than other Asset Management companies. Any thoughts would be greatly appreciated! +I am in about 30,000 dollars of debt. I had a gambling addiction in the stock market where I lost all my savings and earnings over the past year. I started paying my rent with my credit cards and then I took out a loan and gambled that away as well. I feel sick to my stomach. I know I've made a stupid horrible mistake but I'm done trading now. But I need to figure out a way to claw my way out of this situation. + +Breakdown as follows: + +15,000 @ 25% minimum payment around 400/month + +1500 @ 25% minumum payment around 40/month + +1500 @ 0 % for another 4 months minumum payment around 40/month + +3000 @ 0% for another 5 months minumum payment around 50/month + +9500 @ 10% with a 400 dollar payment each month + +The pandemic cost me my 20/hr job and I've exhausted unemployment but hopefully, I'll find something soon. Rent, food, a 400 dollar loan payment, and all the credit card payments, I just don't see myself being able to pay off my credit cards anytime soon even if I get a full-time job. There isn't any family I can live with since my parents are both out of the picture. + +I'm considering declaring article 7 bankruptcy. Right now my credit is hovering around 629 because of all the debt. I haven't defaulted on any of the payments yet and without the debt, my credit score would be 725. I'm wondering if I should just declare bankruptcy before I start missing payments. + +I'm weighing my options and I was hoping someone more experienced could help me understand the true consequences of declaring bankruptcy. + +How long would it take for my credit score to recover and I can start building solid credit again? + +I don't own a car or house but I have a few possessions like a laptop and phone, would these possessions be seized? I bought these before I had any credit cards. + +What interest rates would I be looking at if I wanted an auto loan to buy a car for work in the next year or so? + +What are the other consequences I'm not seeing? + +What happens to my credit cards and credit limit? + +Thank you. +We FI/REd last year. I'm 42, and was vaguely concerned that I was robbing myself of significant future SS retirement benefits. But I was so sick of work, I pulled the plug before really looking into it because, well, we were FIRE. + +So I finally did the Social Security math today. + +**Methodology:** I used http://www.ssa.gov/planners/retire/AnypiaApplet.html and plugged in my earnings record from a 2010 SS statement + earnings for subsequent years. I swept the following: + +* SS retirement ages from 62 to 70 +* annual salary for just *one* additional year of work from $0 to $150k +* annual salary for going back to work every year 2016+ from $10k to $150k (until I begin taking SS payouts). + +FYI: I've paid into SS for 27 years, 19 of which were for career level, regular FT jobs. (Edit: 16 of which were years where I maxed out SS contributions. 8 of the 27 years ranged from $100 to $3000, so effectively zero dollar years for the purposes of the 'average earnings over top 35 earning years' calculation) + +**The main take away:** waiting a year to take SS is more lucrative in terms of monthly payment than is going back to work for ONE year. However, going back to work full time until retirement at 70 has the largest effect (well, duh). Here are some numbers. + +**Other Take-Aways:** + +* Baseline: If I never work again and collect SS retirement benefits at age 62 I'll receive $1425 a month, but if I wait until 70 I'll receive $2500 a month. +* If I work one additional FT year* between now and taking SS retirement benefits, I'll boost my monthly payout by $50-85 ($50 if I take benefits at 62 y.o., $85 if I take benefits at 70). +* Each year I delay taking benefits adds between $92 and $160 per month ($92 delaying from 62 to 63 y.o., and $160 delaying 69 to 70 y.o.) +* If I go back to work *very part time* and make $10k per year going forward, I boost my SS payout approx the same level as going back to work FT for one year. +* Going back to work FT and then taking benefits at 62 increases my monthly benefit by ~~$300~~ $500. +* Going back to work FT and then taking benefits at 70 increases my monthly benefit by ~$900 versus not working another day in my life and taking benefits at 70. +* Going back to work FT and then taking benefits at 70 increases my monthly benefit by ~$2000 versus not working another day in my life and taking benefits at 62. + + + +\* Working FT = earning a wage where, by year end, I max out SS withholding. + +$2000 per month sounds like a lot to be leaving on the table, but it comes at a cost of 26 years of full time work! + +I just thought I'd share since this has been nagging at me, and it's not some simple calculation like the 4% SWR or the rule of 72. I thought some of y'all might have wondered the same thing. + +edits: formatting, ordering, a couple typos ... and this data I typed up in a reply: + +Some data: + +Col A *WorkWork* is me working to ~~full~~ early retirement age (36 yrs by 62) + +Col B *One Year Break (OYB)* is me taking 2015 off then work til retirement age (35 yrs by 62) + +Col C *One More Year (OMY)* =FIREing Dec 2015, never working again + +Col D *Freebird* is me FIREing Dec 2014 and never working again (my actual scenario) + +You can see that the difference of columns A and B are only a few dollars / effectively the same. I believe that is because for both cases, I've done my 35 max out years prior to hitting 62, and the $150k I assume I earn in 2015 is just slightly bringing up my average. Here: + + work 2015+ work 2016+ work thru work thru + ($0 2015) Dec 2015 Dec 2014 + A B C D + *WorkWork* *OYB* *OMY* *Freebird* + --------- ---------- --------- ------------ + 62 $1946 $1940 $1473 $1425 + 63 $2078 $2073 $1569 $1517 + ... + 65 $2408 $2405 $1813 $1753 + ... + 68 $2826 $2823 $2119 $2050 + 69 $3053 $3049 $2287 $2212 + 70 $3466 $3462 $2594 $2509 + +This chart tells me that if I work just one additional year in my life (Column C vs D), it will boost my SS payment by between $48 (age=62) and $85 (age=70). + +Whereas, never working again, and delaying SS payments by a year can boost monthly payout by $93 or $300 depending which year to year sequence I choose (62 to 63 = $93) ... (69 to 70 = nearly $300) + +As far as I can tell, there's no way to tell the calc that I want to pay into the system til 62 but not collect benefits til 70. + +I'll be honest. I got into Bitcoin at first as a speculative investment and just held my coins in cold storage. But lately I've noticed more and more opportunities to actually use them and figured I'll give it a shot. I put a few coins in a hot wallet on my phone and it's just so easy. In the past month, I've bought furniture on overstock, this year's tax software on newegg, games from green man gaming, and paid a friend in another state who I owed money to. + +For one purchase, I even tried to use my credit card first, but it was declined. Called my bank, and they said the charge triggered a fraud alert. I had to jump through all these hoops, convince them it wasn't a fraudulent transaction, then submit the payment to the merchant again. Except the second time, I just used Bitcoin. So easy! Like using cash over the internet. + +When I got into this, I didn't even think about where I would spend it, and now I'm eager to find more places that accept it! I know I'm preaching to the choir here, but it just hit me that this is the way money should be. It all makes sense now. + AFRM was planning to release earnings at 4:00 PM On Feb 10, 2022 – after market close. They accidentally sent out a tweet summarizing their earnings, 2 hours early. + +This was picked up on Twitter and the markets started to freak out. I’ve outlined what happened in the following timeline – note all times are in EST + +## 1:47 PM – AFRM “accidentally” tweets out earnings results and then deletes the tweet. + +There were a few accounts on twitter that caught this mistake and started to share it – one of the larger accounts being Stock Market News – [here is a link to the tweet](https://twitter.com/ArkkDaily/status/1491846317336846338). Leading up to this time it was relatively quiet across social media as people were waiting for the earnings after market close. At this point in time AFRM was trading at about $80 per share and started to become more volatile based on the tweet starting to be shared across Twitter. + +*“$AFRM when you write the perfect scheduled tweet and accidentally just send it 💀”* + +To give you a bit of perspective of how significant this mistake was, here is a breakdown of how quickly it started to circulate across twitter for the next 30 minutes + +Number of tweets increased 580%, number of likes increased 211% and number of impressions (how many people see a tweet mentioning AFRM) increase a whopping 842%. 32 million people saw a tweet related to AFRM in this short span of time. This will all picked up on the [Utradea Social Sentiment Dashboard](https://utradea.com/social-dashboard) + + +For the next little while there seems to be a mix of Calls and Puts being purchased, and the flow looked a bit more active. The price moves between $82 and $77 per share. The market was still trying to make sense of the accidental tweet + +## 2:45 PM – AFRM Share Price Starts to drop of the cliff + +Around this time AFRM is trading $82 per share, and then a few minutes later we see it nosedive to $51 per share in a mater of minutes. Trading was halted for a few minutes over this time period, but the stock continued to fall. Once trading resumed, we started to see the price bounce back up as high as $65 a share. + +At this point the damage was done. The tweet wiped out close to 25% of the share price and approximately $5 Billon in market cap. + +## 3:20 PM – AFRM tweets out actual earnings release + +Here is a quote of their tweet “Due to human error, a small portion of Affirm’s fiscal Q2 results were inadvertently tweeted from Affirm’s official Twitter account earlier today.” + +Below I’ve highlighted a few bullets from their official earnings release. + +Second Quarter of Fiscal Year 2022 Operating Highlights: + +* *Gross merchandise volume ("GMV") for the second quarter of fiscal 2022 was $4.5 billion, an increase of 115%. Excluding the impact from the completion of the initial rollout of Affirm's interest-bearing solution with Amazon in November, GMV doubled.* +* *Active merchants increased from 8,000 to 168,000, driven primarily by the adoption of Shop Pay Installments by merchants on Shopify's platform.* +* *Active consumers grew 150% to 11.2 million and increased by 2.5 million, or 29%, compared to the period ended September 30, 2021.* +* *Transactions per active consumer increased 15% to 2.5 as of December 31, 2021.* + +Looking at these results you’d be happy as an AFRM investor – they performed extremely well in the last quarter. + + +Unfortunately, the damage is done – at market close the shares were trading at $60. Here are some of the tweets in response to AFRM earnings blunder + +*“I expect to be fully compensated. I’ve contacted your IR team. This is not acceptable”* + +*“Wtf. Lost over 50k because of this mistake. Entire plan was to expect earnings after hours not during”* + +*“This “human error” cost me a ton of money.  Good earnings overall but this screw up cost me big.  Stock dropped and was manipulated down.  Options flow was super bullish on this.”* + +### Closing Thoughts on AFRM Earnings Blunder + +First, the power of social media in the stock market, especially Twitter. Whether it as an accident or not, Affirm dropping this news on Twitter will get picked up almost instantly. Even if it is deleted. Twitter is truly one of the best sources for real-time stock market information. AFRM would be more than aware of this. As an investor, you should have an active pulse on what is trending on Twitter. + +Secondly, I think we will see an investigation into what happened with the early tweet. It could have been an honest mistake, but you can look at put options that were purchased ahead of time an see who stood to gain from a significant drop in price. I will be watching this closely over the next little while. +I am not invested in bond, but I kept seeing news on investors (Marks Howard, Bill Gross, Alan Greenspan etc.) sounding warning about the bond market. + +I get that as interest rate increase, bond price may fall and bond investor may be rushing to sell their bond. But what is exactly the issue with the current bond market? What impact will it have (if any) on other market like S&P 500 and the economy? +Hey guys, I've been following WSB for years now, but only recently started posting. + +I'm worried that the sub is getting divided because of extremists on both sides of the whole GME saga. There's people who have never touched the stock market until 2 weeks ago getting to know a lot of new trendy terms like "short squeeze," "counterfeit shares," learning what a Bloomberg terminal is etc etc. Listen - that's amazing. I love seeing people get educated, especially in this community, because long-term that means loss porn for us. + +What I worry about is that BECAUSE people are learning so much, so quickly, they now feel like they're the experts among their friends and are in over their heads. One one of the recent top posts was comparing the GME and AMC charts, saying how similar they were. Everyone in the comments was screaming "MAHNEEPULASHIONNNNNN." COULD it have been manipulation? I mean... yes... But market **correlation** is very, very common and normal. I don't think I need to explain this but for those of you who want to understand, feel free to ask. Now, I'm not saying anything about the overall movement of the stocks, as I don't know enough to tell you if it was overall manipulation, but the correlation doesn't mean shit. + +PLEASE do your research before posting this shit. This is why the vets are pissed at all the GME pumping: it's in large by people who don't know what they're talking about. Not everyone who's done with GME is a Melvin bot, as much as you'd like to believe. It's all too easy to get caught up in the whole story and feel like every little thing is manipulated against you. I do hold some GME and would love to see it blow up again, but fuck guys, take what you read with a grain of salt. If you have a thesis that you believe in, you should ALWAYS know the bearish case too. Consider what the other side is saying too. You'll either feel more confident (and not need to get your confirmation bias...) or you'll realize maybe you were wrong. + +The other side of the story is the OGs who have also been around for years. I see why you're pissed. The sub has changed tremendously over the last month. At the same time, I want you guys to also remember that this GME thing is turning into a cult and the more aggressively you attack these newbies the more you push them to the conspiracy side. It's not exactly the essence of WSB to teach people (lol) BUT if you just leave comments saying "you're an idiot." or "you should have sold like I did retard" you're only making the problem worse. + +If you've been around long enough you know that things will probably go back to normal once we get to a bearish market again. Then we can continue losing money together in peace. + +Tl;dr: pleas wsb again +Before we get started: + +https://preview.redd.it/wx2cuv9j17s91.jpg?width=347&format=pjpg&auto=webp&s=6230ae37895c71d95fc17d11faba2f05aa44f2be + +Also, I Aint\_Lion. When I was 18 I decided to drop my college courses and not go to college. Instead, I took $1,400 of my High School Graduation money and starting buying up Retro Video Games with the intent to sell them for profit online. Over the course of 2 years I hustled the streets and various avenues to acquire video games and toys for \~1/3 the price on Amazon and then flipped them for profit. I then opened an actual store so people could come sell their video games to me (like a GameStop), so I could acquire product more efficiently. After 9 years I opened 4 different storefronts and produced \~5 million in revenue. Guess what I've done with all the money I saved over the years? I hold over \~10,000 shares of GME in Computershare with no other stock investment. Let me tell you why: + +&#x200B; + +https://i.redd.it/3e4l5moo27s91.gif + +&#x200B; + +Over the course of my career building my video game company, I've learned about the origins and the present state of video game technology. Beyond the simple entertainment that video games can provide, there's actually many benefits for people who play games. Here is a well written article that provides a list of benefits: + +[https://www.positivehealthwellness.com/fitness/12-surprising-health-benefits-playing-video-games/](https://www.positivehealthwellness.com/fitness/12-surprising-health-benefits-playing-video-games/) + +1) There Is the Ability to Overcome Dyslexia + +2) Your Vision May Improve + +3) You Can Become More Physical + +4) There Are Creativity Benefits + +5) Improve the Memory and Other Cognitive Abilities + +6) Take Your Attention Off the Pain You Feel + +7) Improve Your Social Skills and Build Connections + +8) Forge Deeper Friendships with People + +9) Make Faster Decisions to Improve Your Life + +10) Hand eye coordination + +11) Problem solving / Analytical thinking. + +&#x200B; + +I digress. + +Beyond the benefits games can provide for players, video game technology actually advanced computer technology. Apple originally attempted to build a few video games consoles in the early stages of the start-up. And guess what is expected, even better NECESSARY, for advancing Web3 and Metaverse technology? That's right. GAMING. Do you know of any Gaming companies working on the future of these technologies? LMK if you do. + +Now let's pivot and actually take a closer look at our actual investment: GAMESTOP (GME). + +Why is it that I'm willing to invest EVERYTHING I've made over the last 9 years into GameStop? Because after 9 years of running a business in this industry, I've learned just how important video game technology is to the future of humanity. In fact, Elon Musk considers it a Billion to One chance that we don't live in a computer simulation due to this simple concept: Inevitable technological advancement. Eventually the video game technology will develop to become indistinguishable from reality. So basically... + +VIDEO GAMES = GOD. + +&#x200B; + +https://preview.redd.it/g0ghkwtq57s91.jpg?width=680&format=pjpg&auto=webp&s=7008efa4afb85a550fe800b7ab7f7da593afd600 + +GameStop isn't going anywhere. GameStop is about to grow into one of the largest technology companies in the world. They are on the brink of REVOLUTIONIZING the entire video game industry. Once NFT gaming is in full operation, gamers will realize the benefits of actually owning their games and owning their in-game items. Why play Fortnite when you can play Kiraverse? The entire video game industry will eventually shift to blockchain and Web3 due to inevitable evolution of technology. GameStop is just leading the way along with many others. + +I also have the utter most confidence in the GameStop executive team and of course our beloved Chairman. These are fine people with incredible careers. They're no Adam Aron's. These are people who genuinely care about their customers and their shareholders. They are on our side and working very hard to reward us for our loyalty. + +So why doesn't the share price reflect all this? From personal experience, I can tell you with absolute confidence that the older generations are CLUELESS to video game technology and the critical role it will play in the future of humanity. They literally think it's a waste of time and shouldn't exist. Which is why they were more than willing to cellar box GameStop into bankruptcy. But they got caught red handed and the unthinkable happened. Retail Traders caught on to their schemes and market manipulation and learned how they operate. Now their entire system is at risk of collapse because of a video game company with an ever decreasing free float. Imagine GameStop does 100m stock buy back, RC buys up his remaining allotted \~8%, and they release their iOS App and Gaming Platform. It's over. Plan and simple that's all that has to happen and everything will be exposed. Will they try to cover up their crimes? Sure. Maybe they will get away with it, but their system will collapse and the price of GameStop will skyrocket. + + The reported short interest hovers around 20-25%. At 23% that's approximately 69,000,000 shares. + +&#x200B; + +[Credit to u\/Piranhaswarm](https://preview.redd.it/h3va0jyd87s91.png?width=828&format=png&auto=webp&s=c9b819d9ec3e447d62f1f56658af351217b8ddd0) + +Just over 69,000,000 shares left to DRS, with \~ 69,000,000 shares short. Short sellers are playing with fire. Imagine if the short interest is actually a measly 43% short. LMAO hedgies r so fuk. But we all know the real short interest is undoubtedly over 100%. No concrete proof but those of us who have read the DD and been here for the whole journey, we know this to be true from the very fiber of our being. So how about days to cover short positions? + +&#x200B; + +[Credit to u\/jteta12](https://preview.redd.it/jkmt5nc397s91.png?width=2048&format=png&auto=webp&s=ca7d4f636f3d694a5e3b9acf1745823dac3185b4) + + The supposed "smart money" is actually pretty stupid. As they leave the price in the mid 20's they're just fighting fire with fire. Covering their short position is impossible, and their bags are in our hands, they're just holding on for dear life. This can't go on forever. GameStop is only going to improve and grow. Retail Traders will continue to DRS and HODL. The only question is how long can they continue this charade? My guess... this won't last past January 2023. DRS numbers will hit \~90-95 million in Q3. By end of Q4 we'll be at \~110 million shares DRS. If RC or GameStop buys in these numbers could be even higher. GameStop could be profitable in Q4 which will shift Institutional investor mentality dramatically. Short sellers will be fuk. They are just future buyers of \~69 million+ shares when that many won't even be available in the free float. + +I could talk for days. I LOVE this company. I love GME. I don't have even the slightest doubt we have the greatest investment possible at this point in time. I know it's tough to wait for brighter days but I promise it's coming. Be Zen. Be hopeful. Things might get tough over the next few months but as mainstream media would say: "Hold On For Dear Life (HODL). This will pay. We are right. We're just early. + +&#x200B; + +https://preview.redd.it/o1obodiib7s91.png?width=1158&format=png&auto=webp&s=07e32b2673e68399df69bbd5257533231ec0d0ec +Hello all + +I'll start + +Age: 21 + +Occupation: Analyst (Credit) + +Salary: 75k (inc super) + +Net Worth: 33k (Not including HECS) + +Goals: 100k net worth at 24 years old. + + + + +I earn 80k. At home with the parents living rent free. Have saved 100k for a deposit. Thinking about buying an off-the-plan townhouse for 730. It’s ready next year. I’ll hopefully have about 140ish by the time I need to pay the full amount. + +It’s a massive stretch but my GF is going to move in and pay a portion of the rent. I always have the option of moving back in with my parents and renting it out. + +Let me know if any questions. + +Thanks! +Hey everyone, what do you all think about investing in FMG as a green hydrogen and steel producer. Twiggy seems deadset on it and from what I can see he is a driven individual. Does anyone actually think he can make green steel from green hydrogen? +Hi all, + +I've got a full time job next year (woo!) on just over 60k/year - I'm just wondering if anyone has figured out what the best way to pay off HECS debt is? I'm pretty bad with numbers, but judging by the fact that it's indexed yearly, I'm sure there is a good way to do this. My HECS debt is about 25k. + +Let me know your thoughts! + +If this is the wrong place to post this my apologies! +I am trying to gauge car producer markets and found this one in particular to be odd with no immediately obvious reason to me. Basically why car so spendy but stock so not? + +Edit: I am now realizing the difference here of car manufacturer to aerospace tech, thank you for pointing that out! +The title is the TLDR version. Additional info below. + +## Question + +I have contacted my insurance company but since I don't have collision insurance on the Golf, they will contact me when the police report is filed so I can file a claim. My neighbor has homeowners insurance and has called a lawyer. + +**What happens if this kid has minimum coverage (or no coverage) and it runs out before everything is covered?** My neighbor's home is more important to me than my car, despite how much I enjoy it and what it means to me. Plus, I know I'm in the hole either way if the frame is damaged. I'll never get what I paid since it's in a semi-niche market and depreciation is atypical. + +Is there anything else I should do? + +## Background + +After a college ball game, some dumpster fire hit my wife's car, then my car, then over-corrected and slammed into the front of my neighbor's house. It was the first cool night in a while, and one of their good boys was sleeping outside. He went under the car, and was pinned under the car against the house. He was probably further injured when the driver tried to flee the scene and dragged him out a few feet. They had to put him down later in the day. I still don't know why the airbags didn't deploy, I guess the house absorbed most of the impact. The first floor wall was was pushed in enough to trap Mr Neighbor in the living room and Mrs Neighbor upstairs. + +I was the first one there until a few more neighbors started showing up, followed by police, etc. I was out in the rain in my underwear helping dig the dog out of the rubble and helping calm down the homeowners/dogparents until first responders arrived. Once the pros were on scene, I went and got dressed and started looking for additional damage. I remembered hearing smaller crashes before the big one, it turns out he hit my wife's and my car before crashing into the house. + +My wife bought her car new in 2012, and has collision insurance on it, and has damage to the rear fender and bumper end. I think we are okay with her car. + +My car is older, and very likely totalled. Hindsight is 20/20 and I should have put collision on it. I saved up for a little under a year (thanks PF and YNAB!) and finally paid cash for my dream car* in July. The driver hit my front wheel pretty hard and clearly pushed it in. The control arm is broken, and I'm worried there was structural damage to engine mounts or the frame. It's been pouring for three days, so I haven't been under the car yet. + +So, I'm no expert, but he destroyed a load bearing wall on a 60+ year old home. The addition is leaking (opposite side of the home) which suggests significant damage. They are no longer able to open their basement door near the crash site. This house might need to be rebuilt, but either way I'd guess a minimum of $100k on repairs on a house barely worth that much. Not to mention they are very likely to sue for emotional damages for loss of their dog. They are also the type of people likely to seek a payout in most situations, so there's that. + +**EDIT:** Thanks for your help, everyone. Keep in mind I'm not looking for moral or ethical advice, I know where I stand on that. This is /r/personalfinance, but I do appreciate the encouraging words. That said, upon reading here and additional research, it looks like this will be treated as three separate incidents by the driver's insurance, so our reimbursement will likely be unaffected by repairs to my neighbor's home. All I was saying was that if for whatever reason the need arose, I would have eaten the expenses and handled the cars myself. Still will if I have to, but thankfully, that might not be the case. + +My neighbor has a copy of the police report today. I have not read it yet as I'm still at work, but my wife called me. The driver blew a .21 on the scene. Several people I talked to (in person, not so much here) said his behavior could have been shock related after the collision (e.g. I was shaking with adrenaline, he was calm and stumbling around). Sadly, I have several alcoholics in my life and I know piss drunk when I see it. I knew he was hammered, but is a confirmed DUI. + +[RIP, my dude](https://i.imgur.com/8X58QhU.jpg) + +______________________________________________ + +*For anyone interested: five speed, 2004 VW Golf TDI GLS. Single owner and garaged in Texas with under 100k miles. If you know imports and diesels, you know this car is worth more than Kelly Blue Book says it is and would have lasted me another 200k miles or more. I happily paid $7500 for it as it had brand new rubber and a brand new clutch and flywheel (about a $3000 work order). I was averaging 32MPG in city traffic, and 45MPG on highway, where my truck gets about 21/17. I love this car, and it's the first vehicle I've ever owned that I was proud of. + + + +How do I get my daughter through college, when we can barely get through the month? +After being homeless for so long we finally have had the blessing of finding a home. But she just graduated and wants to go to college next year. She took a year off so she can work , to not only save some money up but also help out at home to make sure we don't lose what I worked so hard to get. But the shame is real, and I feel terrible.... Every penny that I make goes to bills and food. I am not scared of getting a 2nd job, I already applied... But i need tips and ideas of ways to go about being able to send her off next year...and being able to make sure she has what she needs to succeed. She is such an amazing person. She deserves the world... I just want to be able to help her get it. +Hello everyone + +I am going to have to give up my business to look after my partner for the next couple of years. I'm starting another business which I can do from home, but by my reckoning neither of us will have a reliable income for the next three years. + +We live in a nice detached house, and we have a not so nice one bedroom flat. + +I have floated the idea of turning the house into an airbnb for a couple of years. My partner really doesn't like this; she is scared of moving back into the flat and wants to sell it. I am worried that we won't have enough income to afford our bills if we keep the house. + +We have cleared all our mortgages, but I have spent most of my reserve money on building works on the house. The costs of fixing it up have gone up tremendously because of a bad builder and unexpected work, but it's nearly there. My partner's illness really came out of the blue and I thought I would be able to build my savings back up again as my business gave me a reasonable income until recently. More fool me. + +I get that she doesn't want to move back to the flat but am very frustrated with my partner's attitude that we can carry on living here without an income. She isn't well enough to have a proper discussion about this at the minute. + +What would you do? We'd get about £80k for the flat, or £1000 a month (best guess after costs) for the house on Airbnb. How long can we both survive on £80k? Other than that, we sell the house. It is probably worth £400k. It's so galling to have lived in a building site for seven years, only to sell it when it's almost ready. + +I hope this doesn't come across as feeling too sorry for myself; owning two properties and no debts is not a bad position to be in. +District Judge just ruled that the LBC token is a security and not a utility token. LBC was one of the earliest tokens in the market, it was a POW mining token that had utility in the LBRY ecosystem. + +In ruling it to not be a utility token but a security, this will threaten every other coin or token. LBRY had intended to grow the value of LBC token by building utility into the LBRY network. However this was judged to be a security offering. +If this is the standard, then virtually every other token is also a security. + +These are the statements from LBRY's founder: + +> The SEC vs LBRY case establishes a precedent that threatens the entire US cryptocurrency industry. + +> Under this standard, almost every cryptocurrency, including Ethereum and Doge, are securities. + +> The future of crypto now rests with an org worse than the SEC: the US Congress + +Link to the court order - + +https://odysee.com/@lbry:3f/secvslbrysummaryjudgementruling:a + +Edit: The precedent setting examples in this one are really terrible. + +Some reaction from crypto lawyers: + +1. Gabriel Shapiro + +> it's dicta, but here the LBRY judge reasons that even if team is completely silent about efforts--no promises, no contracts--but premines tokens, that alone creates a sufficient expectation of profits from their efforts in common enterprise to pass the Howey test + +> very bad result + +From the judgement: - -these are the worst parts + +> Even if LBRY never said a word about it being an investment…by retaining hundreds of millions of LBC for itself, LBRY also signaled that it was motivated to work tirelessly to improve the value of its blockchain for itself and any LBC purchasers…would lead purchasers of LBC to expect that they too would profit from their holdings of LBC as a result of LBRY’s assiduous efforts.” +[Chart of data](http://i.imgur.com/RB2YWtG.png) + +This data was extracted from Personal Capital and is a plot of my net worth. There is data from before October 2013, but at that time I hadn't linked most of my accounts, in particular my loans. Today was a significant day for me because I had finally reached the point where my net worth is positive. + +My story is, I finished with about $150000 or so of debt out of graduate school in 2012 and finally started making an income and living on my own. Previously, my only previous job was a low-paying job during college, and this was during the 2007-2008 period. At that time I had no knowledge of what a 401k or a Roth IRA was, no clue about a stock or a mutual fund. The financial meltdown didn't register with me. Even in 2012 after starting my job I was still unaware of anything related to investing. + +Some time during my first year of working I stumbled upon the The Bogleheads' Guide to Investing book. It was useful knowledge, but I didn't have the determination nor confidence to initiate the plans laid out in that book. It was only a year later, after reading it once more again, did I finally open my Roth IRA with Vanguard. I played it safe with just VTSMX. + +With regards to my student loans, I was on the IBR plan. I had no clue the amount of loans I would be taking out back then and no idea of the difference between subsidized and unsubsidized. In retrospect, I was never explained any of this when I accepted the financial aid package. Maybe they briefly did but if they did, I never thought about the future. I'm sure they would have explained if I had asked, but they did not volunteer this information (say what you will, but without a good mentor, without knowing what to ask, without knowing where it's headed, you are young and you don't necessarily have the foresight to see this). In addition I didn't realize paying this IBR amount would make a negligible dent to the loan principal. I feel most students and graduates end up in this situation. + +It's unfortunate I can't explain what happened between 2013 and the end of 2015. My loan about was about $160000 at that point and stayed constant from 2013 until July 2015. I probably hoarded cash during that time (ie sitting in checking account making the bank money; I also did not have the concept of an emergency fund in my mind at this time) and spent it on stuff. I did maintain my yearly maximum Roth IRA contributions, however. It must have been around this time that I realized, gee, I'm accumulating over $10000 per year interest; any payment less than about $850 means all I'm paying is for interest (and my payments were a pitiful $500 a month). [Here's a plot of my student loan payments over time](http://i.imgur.com/W0YiI0z.png). + +I started paying extra each month when I had the extra money. The increase in net worth over the first half of 2016 cannot be explained purely in terms of paying off student loans, which I won't get into, but let's just say I made some atypical investments that in retrospect I would not have with my current knowledge. In short, stick to the Bogleheads philosophy to investing. If you see charts and numbers claiming high returns and they compare these directly to the SP500, assume they are manipulated (not fabricated, but selected for certain timeframes to make them look favorable). You won't regret ignoring these; just play it safe, slow, and steady. Keeps life simple, keeps the tax returns simple. + +Continuing on, in mid 2016, my new job started. This one gave me access to a 401k and a great 403b so I have been shoveling money into these accounts to the best of my abilities, so my net worth growth continued on the same trajectory. I also refinanced my student loans, more than halving my interest rate ($10000 to less than $5000 per year). I don't get a tax deduction on student loan interest no longer, plus my future income will be consistent, therefore I was comfortable with refinancing and losing the student loan benefits. With Personal Capital, when they were pulling data from Sallie Mae/Navient, it only looked at the principal and did not include the interest on the principal, therefore I was saddened to see that large dip once the new refinanced amount registered in Personal Capital. + +Also of note, in 2016, I had been leaving money in a checking account, enjoying seeing my balance grow larger. The realization, however, that doing that just gave the bank extra money that it can use to make money for itself led to me opening a high-yield savings account and diverting my money there and leaving a minimum in the checking account. 1% is not much, but a dollar is still a dollar. + +With loans refinanced, I paid a steady amount per month. The interest rate is low enough that I feel comfortable diverting money towards investments/savings instead of paying off the loans faster. Every two weeks the remaining extra money bumps up my investment accounts and my net worth number inches towards $0 and it finally broke the $0 barrier this week. I still have a long way to go, but that is another story. + +It's a long post; thank you for taking the time to read all the way here. If you're early on in your life, mid-life, or even later in life, I hope you picked up a few useful tips and mistakes not to make from my story. Currently I am reading The Millionaire Next Door. I have read quite a few blogs on investing, retiring early, etc, so have a decent amount of knowledge regarding investing safely and reasonably. Even if you feel the same, I felt reading The Millionaire Next Door affirms that living frugally and prioritizing saving is the right path, and the anecdotes in the book about the mistakes people make help me avoid the same ones in the future. +BECAUSE I SOLD THEM AND JUST BOUGHT 940 MORE FOR $57k! + +Had to take out a credit loan on 15% but it’ll be ok when I make triple my investment and then some + +WE’RE GOING TO THE MOON BABYYYYYYY 🚀🚀🚀🚀🚀🚀🚀🤑🤑🤑🤑🤑💰💰💰💰💰💰💰 + +Edit: [Proof](https://ibb.co/jTh11TY) +For reference, the original edition of this post can be found [here](https://www.reddit.com/r/Economics/comments/7vp3cf/rules_roundtable_rule_vi_and_offtopic_comments/). + +##Welcome to the /r/Economics Rules Roundtable. + +/r/Economics strives to be a subreddit dedicated to quality discussion of economic articles, news and research. However, like many communities on Reddit, good discussion often gets drowned out by a mass of off-topic and low effort discussion. In order to improve the quality of discussion on the subreddit, the mod team will be stepping up enforcement of the existing rules. + +Today we'd specifically like to discuss Rule VI. Rule VI is meant to remove low quality and off-topic comments, leaving room for quality comments to thrive. Rule VI's existence is due to user complaints - our most [recent survey](https://www.reddit.com/r/Economics/comments/7nfmsx/2017_state_of_the_subreddit_survey/) found that most users want stricter rule enforcement then we have used in the past. + +What comments are disallowed under rule VI? A comment must: + +1) Show an reasonable engagement with the material of the article. This can be done by asking a related question, critiquing the article's argument, discussing economic theory bringing up new sources, etc. + +2) In addition, comments which are jokes, personal anecdotes or are overly political are prohibited. + +Comments that do not fit within these guidelines will be removed. Posters who show a history of posting these kinds of comments repeatedly will be warned and eventually banned. + +##Engagement With The Article + +Discussion of an article can only occur when posters have actually read the article. This may seem obvious, but we receive a large volume of comments that are just reactions to the headline or quick broad statements on the topic area. Comments where it is clear that the poster has not read the article will be removed. This doesn't mean every comment has to be a point by point commentary. What it does mean is we will remove comments that are too short to make a coherent argument or make no mention to anything beyond the title. In addition we will remove comments that clearly show an ignorance of the article such as posts that accuse the authors of ignoring information included in the article, or do not mention anything beyond a simple reaction to the headline. Good questions about the content of the article, or the facts which would place the article into better context are allowed and encouraged. + +* Good: I'm not sure the author's reaction to the minimum wage study is appropriate, given that they didn't examine whether or not specific subgroups in the population might be impacted more than others. +* Bad: Everyone knows a minimum wage is going to cost jobs. +* Bad: You can't really get by on the current minimum wage, it needs to be higher. + + +##Political Comments + +Economics is concerned with public policy which means its subject matter is frequently the subject of political debate. While we recognize it's impossible to have an economics forum and not touch on politics, economics itself is not a political exercise. Posters should be sure to focus on the economic mechanisms and arguments of articles posted here while avoiding comments or discussions that would better be left to /r/politics or cable news. + +* Good: I don't think it's appropriate to pass a tax cut that will increase the deficit while the economy is booming - this should be the time when we balance the budget and pay off some of the debt. +* Bad: Of course the GOP and their minions just want to slash taxes on the rich, damn the consequences. +* Bad: Liberals weren't concerned about the deficit while Obama was president, but under Trump now they're super concerned about the deficit, huh? + +##Personal Anecdotes + +Comments whose arguments rely solely on personal anecdotes will be removed. This reflects the fact that personal anecdotes are specific to individuals and cannot be properly placed into context without further information. Thus they cannot be the basis of a proper economic argument. If the main point of your comment is a personal anecdote, it will be removed. + +* Good: According to this research paper, the premium for a college education is still near all-time high levels. +* Bad: My school was basically useless - when I got my job, I didn't use anything I learned in college. +* Bad: Everyone in my family has gone into the trades, and we make way more money than the people in my town who went to college. + +##A Note on Bigotry + +The /r/economics modteam strives to create an inclusive space to discuss economics. As such we have no tolerance for racism, sexism or other bigotry. All offenders will be banned. + +-------------- + +You may have noticed that the mod team has been stepping up Rule VI enforcement in the last few days - please expect this continue. We hope these changes will allow higher quality discussions to flourish. Please report any comments that you believe break these rules in order to help the mod team implement these changes. We welcome any feedback or questions on these policies in the comment section. + +- The mods +This question is inspired by those who claim that alternative energy sources like wind and solar are not really viable because they depend on government subsidy. But whenever we talk about the comparative price of oil, how often do we incorporate the cost of seizing and defending the oil fields? +I see a lot of posts on PF where I have pretty much zero advice to give, either because the sidebar explains everything to someone drowning in debt and can't figure it out, or they just inherited six figures making another six a year and want to know how well they are doing. + +I'm creating this thread just to show that not everyone is super frugal, or super wealthy, or has a recently deceased grandfather that just gifted them a million dollars. + +My situation: + +M/26 married with two kids in the Midwest. Combined salary 50-75k depending on overtime/bonuses, myself working in manufacturing and wife in insurance. Bought a house when things were dirt cheap for 70k, stupidly bought two brand new vehicles, almost one paid off, other has 15k left on it. Currently 8k in 401k and IRA combined. 2k in emergency fund. + +We probably eat out too much, but we enjoy time as a family when we get the chance, as I work six-seven days a week sometimes, depending on how busy my work gets. No student loans, but only an Associates Degree for me. Can't take vacations because we are broke and trying to pay down debt, but we find lots of things to do in the area that don't require too much money. + +In short, nothing special, but not doing bad either. Anyone else feeling financially non-extraordinary that wants to share? +Just a heads up, Capital One credit cards are now (as of 1/10/18) blocking Coinbase instant buys. If you use this card (as I do) to buy your Crypto to take advantage of the 1% cash back you'll be locked out. Checking and Debit purchases still work fine. + +Related thread on r/Litecoin: https://www.reddit.com/r/litecoin/comments/7q4kb6/capital_one_blocking_coinbase_buys/ + +Hi. + +I did a giveaway a few hours before ([link](https://www.reddit.com/r/ethtrader/comments/pl56lt/since_everyone_is_waiting_for_donuts_i_will_give/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)). + +Unfortunately it’s takes way too long to tip others here. Took me over an hour to tip less than 50 people :(. So I decided to make it easier for myself and increase the amount. + +**I’ll be giving away 500 Donuts.** + +**There will be 5 winners getting 100 donuts each!** + +I’ll be using [Random comment picker for Reddit](https://commentpicker.com/reddit.php) to pick 5 winners! + +#Anyone that comments more than once in this post is disqualified. Also, only accounts that have previously commented or posted on r/ethtrader are allowed. New alt accounts will not be included. + +Wish you all the best! Winner will be chosen at **8PM GMT** tomorrow (10 September) + +*(Mods, please don’t remove this, if I don’t distribute the donuts tomorrow feel free to ban me. But please give me the chance to give away some donuts :)* + +Edit: 1 hour left! + +**WINNERS** + +1. /u/No_District_2371 +2. /u/elMoose99 +3. /u/getitin247 +4. /u/DeFiGregg +5. /u/zen4 + + +Thanks for everyone who participated! I’ll be going one again today! It was fun! +Anything inherently bad by going all-in on ETH? My reasons for going all in on ETH. + +1. Becoming (is) deflationary +2. ETH 2.0/consensus +3. TVL/use case/network effect +4. Been consolidating between 2-4k basically for a year or so...it's primed for a massive move imo. +5. Best adjusted risk/return imo +6. SOL has been a disaster as of late, LUNA has its Wonderland problems & SEC concerns regarding UST, AVAX has too much inflation, etc. + +I just want a solid return without too much risk. Echo chamber ya I know...but what do you guys think? + + +**Oatly accused of overstating revenue and greenwashing by activist short Spruce Point** + +· Activist short seller Spruce Point Capital Management has accused Oatly of shady accounting practices and greenwashing. + +· The firm alleges that Oatly has overstated both its revenue and margins to investors. + +· Oatly made its U.S. public market debut in late May, giving it a market value of $13 billion. + +· According to S3 Partners, about 1% of Oatly’s float, or the number of shares available on the market, is being shorted, as of Tuesday. + +Activist short seller Spruce Point Capital Management has accused Oatly of shady accounting practices and misleading consumers and investors about its sustainability practices. + +The firm, which has taken a short position against the maker of oat milk, called for Oatly’s board to hire an independent forensic accountant to open an investigation into its claims. + +The stock, which was down nearly 3% in premarket trading before the news, fell 6%. + +Oatly was founded in Sweden in the 1990s but didn’t reach the U.S. until five years ago. Since then, it’s contributed to the surging demand for oat-based milk substitutes, primarily among coffee drinkers, and made its U.S. public market debut about two months ago. The stock is up 4.5% since its initial public offering, giving it a market value of $12.5 billion, as of Tuesday’s close. + +However, Spruce Point’s report claims that Oatly misled investors by omitting or manipulating key facts in its prospectus and a June investor presentation and argues that the company will never achieve profitability. The report is expected to be published Wednesday morning. + +“We don’t think any of this is in the narrative at the moment,” Spruce Point founder and Chief Investment Officer Ben Axler said in an interview. “We think this is a strong sell, and the stock price could be 70% overvalued.” + +Axler has previously taken short positions against other consumer packaged goods companies, like Church & Dwight and Boulder Brands. Short sellers borrow shares and then sell them, betting that the stock will fall. According to S3 Partners, about 1% of Oatly’s float, or the number of shares available on the market, is being shorted, as of Tuesday. + +When reached by CNBC, an Oatly spokesperson didn’t have an immediate response to Spruce Point’s allegations. + +Accounting allegations + +Spruce Point alleges that Oatly has overstated both its revenue and margins to investors. + +The short seller’s report points to the company’s recent investor presentation, which showed estimated 2018 U.S. revenue of $12 million. The firm said that both Nielsen and Umgas Magazine, a Swedish publication, reported that Oatly’s net U.S. sales were just $6 million in 2018. + +Spruce Point also cited the company’s filings with Companies House, the U.K. agency that stores information on limited companies. + +“We observe periods of large divergence in revenue and accounts receivable growth rates at Oatly,” the report said. “This is a classic sign of potential accounting shenanigans and is often cited as a top red flag to predict accounting scandals.” + +Additionally, Spruce Point alleges that Oatly is overstating its gross margin. The company does not include outbound shipping and handling costs in its calculations, and fails to disclose that its gross profit presentation is not comparable to that of other food companies. The report alleges that Oatly’s gross margin is actually 6.4% lower when logistics and shipping are factored in. + +The firm also claimed to find anomalies about Oatly’s capital expenditures between its cash flow statement and additions to the balance sheet. + +Spruce Point argued that the company hasn’t been transparent with investors about key figures involved in its accounting and auditing. For example, Oatly has allegedly run through three auditors in six years, a fact that was not disclosed in its filings to go public. + +“From our experience this is highly unusual,” the report said. ”... While auditor rotations can be viewed positively, we believe three auditors in six years is excessive in light of the accounting anomalies we have identified related to sales, gross margins, inventories and capex.” + +Oatly’s current auditor is Ernst & Young, according to a recent filing with the Securities and Exchange Commission. + +The report noted that Chief Financial Officer Christian Hanke’s biography on the company’s investor relations website does not make note of his role as the manager of financial reporting for Stratus Technologies from 1999 to 2005. During that time, the company had to restate its financial results for fiscal 2004 and the first quarter of fiscal 2005. Hanke does disclose the job on his LinkedIn page. + +Additionally, Oatly appointed Frances Rathke as chair of its audit committee. In her time as chief financial officer, treasurer and chief accounting officer of Green Mountain Coffee Roasters, the SEC investigated the company’s accounting practices, forcing the company to restate its financial results. Rathke’s biography on Oatly’s website does not include her former role as the coffee company’s chief accounting officer. Her LinkedIn page details her time with the company. + +Claims of greenwashing + +Oatly has also branded itself as a more sustainable option than cow’s milk or other nondairy alternatives to both consumers and investors. But Spruce Point alleges that the company has been giving a misleading impression of its green credentials, which is known as greenwashing, and putting its global expansion ahead of its mission. + +Among the examples it cites is the company’s June 2021 presentation to investors, which uses data based on a 2013 study that was updated three years later. The data does not include the impact of the company’s expansion into Asia or the United States. + +Spruce Point also alleges that Oatly has cherry picked the data by omitting that its water consumption is higher than that of making cow’s milk. The company’s 2019 sustainability report also showed that its New Jersey plant was using 55% more water for every liter of oat base than its facilities in Sweden and the Netherlands. + +For several quarters, the New Jersey facility has been out of compliance with the Environmental Protection Agency, the report said. The EPA’s website does not identify what the violation or violations are. + +Moreover, the hedge fund obtained documents through a Freedom of Information Act request to Millville, New Jersey that showed issues with the plant’s wastewater in 2019, but the company has not yet opened a wastewater treatment facility. + +“They’ve had very high levels of wastewater as a byproduct, but they’ve known since 2019, and they’re still in the process of dealing with that,” Axler said. + +The report also points to Oatly’s transportation as a major source of its environmental impact. According to Spruce Point, the company sources its oats from Western Canada and then ships them to its facility in New Jersey. For its expansion into Asia, Oatly is sourcing its oats from Sweden. +I just sold out of a company I had a great gain on buying during covid, but before I sold I realized that I was in the top 15 direct holders of the stock. I’m curious if anyone has stories where they maybe made it into the board, or were contacted by the board for some reason, or if you worked for the company, did you ever think you may have gotten promotions partially based on how large of a shareholder you were? +I’m really curious how many shares many of you started off with/recommend when starting with dividend investing. I’m halfway to maxing out my IRA contribution for 2020 and so far just have 9 stocks, with just 2-3 shares of each. I plan to buy more shares since the market has been a bloodbath lately and every day just seems like a slightly better buying opportunity. As of right now Schwab says for 2021 I’ll be receiving $33 in dividends. +I understand that many love SCHD in here...but as a young investor its rather expensive atm. As well as I don't know how much its gonna grow in terms of capital appreciation. I do love it ofc, but DIVO seemed better to me. Both have a constant monthly pay out and consistent in its dividends. What do you all think? If you could choose one which one would it be? +As the title suggests, I'm spending way too much money a month on food. I only have to feed myself, and I usually end up spending upwards to $300 a month. My budget I would like to stick to is about $175 a month. Is this even possible? I try to eat out once a week, and it's usually less than $10 worth of fast food. I also try to bring lunch to work everyday, or at least 4 out of the 5 days. I guess I'm just asking for advice on how to get the most for my money. Thanks! + +Dates Spending +Dec-13 $200.31 +Jan-14 $303.48 +Feb-14 $178.12 +Mar-14 $230.48 +Apr-14 $204.57 +May-14 $413.12 +Jun-14 $263.24 +Jul-14 $248.71 +Aug-14 $329.01 +Sep-14 $297.81 +Oct-14 $337.55 +Nov-14 $87.86 +Total $3,094.26 + + +Edit: Thanks everyone for the great advice! + +Edit 2: Just to give everyone some more information - I put my Mint Trends from the last year up. +Cash is an option but checking the bills are real sounds difficult, or is it? + +How would you take an electronic payment without getting scammed? + +Edit: guys and girls I don't want to sound ungrateful because I know everyone is spending their own time posting to help me with my question but I think you should upvote an answer you agree with instead of repeating it because that answer will get more visibility. +Hi, is there any German option trader that can help me figuring out how options are taxed in Germany? +Any link or website would also be fine. +Thank you. +The ability to do what you want, when you want, where you want, with whoever you want. + +For the price of less than $180 we have access to this once in a history opportunity. + +Because we are made for something greater than an 8 to 5. We are made for something much much greater than that. We are a cosmic miracle. And we are seeking expression of the ultimate best version of us. Our next phase of evolution is not a physical one. It’s a consciousness one. The Apes are awake. And the hedgies are fukt. To the moon! 🦍🚀 +"You know, the Russians are eventually going to hack the four-chain through a back door that nobody knows about." + +I immediately went home to put another $500 in in various cryptocurrencies. The only thing he proved to me is that when his generation dies off, this shit is going to skyrocket. +Since investing in Vanguard funds and other assets around 6 months ago, I find myself obsessively checking my investments at least once a day. At the moment, daily performance has minimal bearing on my long term strategy of holding and letting compound interest work its wonders, but I feel like the constant checking could start to affect my mental health. So, I have a few open questions for you, UKPersonalFinance - + +* How often do you check your investments? +* Does how often you check your investments depend on the asset? i.e. house prices vs crypto +* If you feel like you're checking performance too much, how do you help regulate yourself? +I've blown about 2 accounts before, which was money but not life depenant amount, I saw it as a good lesson and started over. + +I started to improve my performance av dived deeper into my style of trading. Then as the market has not really been rewarding my style (swing breakouts etc.). I decided to go back into scalping which vie done before. Keep in mind I have a much larger account at the moment, life changing money. + +In one day I lost about 10 percent of the account (did size) then the next day I decided to "win that back" and then stop scalping (obviously not as good as i believe). I made about 15% back up and then as the market stalled, chopped around I lost all of that and 10% more. Today I knew I was not supposed to be trading, but I felt like I could make that back in a few trades and the relax... I lost another 5% and almost started to cry of frustration, lost another 5% and did not care anymore and took whatever came at me so lost more... I was not being objective. + +I'm now down 40% of the account which is several years of salary in 3 days. + +I'm still in the mindset of that I can make it back in a few trades IE take huge position on margin and move a few percent will be enough.. But I know the outcome based on these few days... + +I will stop trading for some time and go back to my previous swing strategy where I perform well and manage risk when market allows, but Its a much slower process and I feel that I will never be able to make that back. + +Have anyone ever made a similar mistake and then slowly made everything back? + +I feel like the only way is to keep being aggressive or develop that style of trading - otherwise it will take me many years. + Analysts at the mutual fund giant Vanguard estimate the likelihood that the U.S. will drop into a full-blown recession sometime during the next 12 months at 25%, and some time during the next 24 months at 65%. + +The Vanguard analysts aren’t alone. + +A SmartAsset survey of nearly 300 financial advisors taken in early August found that 80% believe the U.S. either is already in a recession or will enter one during the next 12 months. A rough rule of thumb to define an economy in recession is when it records two straight quarters of declining economic growth. For the second quarter of 2022, the country’s gross domestic product (GDP) fell by 0.9% after a contraction of 1.6% for the first quarter. + +But many believe it takes more than just negative growth to constitute a recession. + +Other factors also are part of whether an economy is in a recession. They includes employment, which has remained high despite the GDP figures, with a jobless rate of 3.7% for August, a level well below the 5% unemployment rate economists have traditionally considered full employment. In addition to adding more than half a million jobs, inflation stalled between June and July. Since then, gas prices have fallen, housing prices have dropped and consumer spending has remained strong. + +Even with those signs of improvement, prices are remain higher than before the pandemic. Even if inflation disappeared tomorrow – dropping to 0% for the rest of the year – the inflation rate for December would be 6.5%. That’s unlikely, so the Federal Reserve’s Open Market Committee is expected to keep upping interest rates. Right now, another hike of at least 50 (0.50%) or 75 (0.75%) basis points is set for this week, with more increases continuing into 2023. + +The Vanguard analysts wrote that they expect the Federal Reserve to increase its federal funds rate target to a range of 3.25%–3.75% by the end of the year, which will increase rates on mortgages, auto loans, credit cards and other consumer and business borrowing. The aim is to reduce the amount of available money in the economy in order to lower demand for goods and services, resulting in lower prices to bring inflation down. + +Full article: [https://finance.yahoo.com/news/vanguard-says-theres-65-chance-155559181.html](https://finance.yahoo.com/news/vanguard-says-theres-65-chance-155559181.html) +FYI I’m 3 u/ deep. Every time I come back here it’s worse. Anyone that actually cared about this sub would take a gander at what it looked like pre-GME and STFU because you all sound literally retarded, like literally. Even the memes don’t make sense. You know those really awkward people where you can’t quite figure out what their mental handicap is because they’re not withdrawn but they have no social awareness or shame at all, they just stand way too close to your face talking all loud and making up weird shit about whatever anyone else talking about? That’s you. All of you. + + +Edit: I’m here for the downvotes, there were less than a million of us before you bandwagon bitches showed up. + + +Robinhood Financial raised new funding at a valuation of about $11.2 billion, as Dan Sundheim’s D1 Capital Partners poured $200 million into the online trading company. + +The seven-year-old firm was most recently valued at $8.6 billion during its July funding round, before it posted [record trading figures](https://www.bloomberg.com/news/articles/2020-08-10/robinhood-blows-past-rivals-in-record-year-for-retail-investing) for June. It revealed daily average revenue trades of 4.31 million for the month, greater than any of its publicly traded rivals. The latest investment and valuation were announced by Robinhood in a [blog post](https://blog.robinhood.com/) on its website. + +Robinhood’s surge during the Covid-19 pandemic has garnered both fascination and criticism from Wall Street, with [concerns persisting](https://www.bloomberg.com/news/articles/2020-06-19/robinhood-s-newbie-traders-ignore-danger-signs-to-bet-on-markets) that the platform attracts many young users who many not understand the risks of stock wagers. D1’s new investment marks a vote of confidence from a prominent hedge fund investor. + +Sundheim was chief investment officer at Viking Global Investors before striking out on his own and opening D1 to outside investors in 2018. It was one of the largest hedge fund launches of that year, and he was among an early crop of investors to invest in both publicly traded and privately held stocks. + +Robinhood recently [blocked access](https://www.bloomberg.com/news/articles/2020-08-08/robintrack-chronicler-of-day-trader-stock-demand-to-shut-down) to information about the individual stock trades that users were flocking to. It was a widely watched metric among investors such as hedge funds, which tracked the trades to understand where an ever-wider array of retail investors were heading. + +The platform has been seeking to attract users to its other offerings, such as Robinhood Snacks, its newsletter and podcast -- which now has almost 2 million active monthly listeners, according to a blog post. + +&#x200B; + + [https://www.bloomberg.com/news/articles/2020-08-17/robinhood-now-valued-at-11-2-billion-with-sundheim-fund-backing?sref=xTkgnLSf](https://www.bloomberg.com/news/articles/2020-08-17/robinhood-now-valued-at-11-2-billion-with-sundheim-fund-backing?sref=xTkgnLSf) +I WANT YOU ALL TO LOOK AT THIS + +[https://imgur.com/a/0C748cH](https://imgur.com/a/0C748cH) + +look at the difference in volume as of today. + +THIS IS JUST TODAY + +[https://www.theoptionsguide.com/synthetic-long-call.aspx](https://www.theoptionsguide.com/synthetic-long-call.aspx) + +Now this is what a synthetic long call is + +This is what a synthetic long call is. Basically. When you short a stock. You are take 100 shares and selling them from an institution even if you dont have them. You have to cover that 100 shares at some point. + +however. If you make another contract to -buy- 100 shares. You have in effect cancelled out your 100 shares you sold. Because you wrote a contract to buy 100 shares. + +Now! Look at this + +[https://www.ortex.com/symbol/NYSE/GME/short\_interest](https://www.ortex.com/symbol/NYSE/GME/short_interest) + +The ortex short interest has been falling all last week along with the price. When GME is falling 100$ who is going to be looking at 800$ calls + +which tells me that they have been buying 800$ call this whole time in order to cancel out their short positions. Because as the stock price falls those 800$ are going to get dirt cheap. Even when GME was going up 800$ were like 4$ + +i even have proof of one of the HFs doing it! + +[https://www.holdingschannel.com/bystock/?symbol=gme](https://www.holdingschannel.com/bystock/?symbol=gme) + +look at seqouia or whatever. + +they have like 1.8 million puts and over 6 million calls + +I am trying to get this out there for people to see! + +Thanks for all the awards! I really dont use Reddit but I dont want the shorts to win! + +EDIT: I just got into the office and I have been reading some of what people have been saying. Yes it might be ITM for synthetic calls. However there are other plays such as a short cal as well. Where you cans short a stock using a call + +This is called a short call: + +[https://www.investopedia.com/terms/s/short-call.asp](https://www.investopedia.com/terms/s/short-call.asp) + +With that said. Its not HFs using those calls to hedge their bets. If that is so. Why is the volume for 800$ calls almost 9300 in volume for THIS WEEK. There is no way GME will get to 800 even if we go to the moon. I feel they are buying these contracts and exercising them in order to mess with the short interest numbers. If they were covering under normal circumstances. WE would not be seeing these massive drops in the morning followed by an entire day of trading sideways the rest of the day. We would see diagonal line downward as people give up and sell and shorts by the shares up to slowly cover at a lower and lower price I have seen this slow bleed happen with many stocks that have been shorted. GEVO BNGO and IDEX come to mind. + +No matter what the volume on these 800$ contracts is sus and is the HFs using them in order to distort the perception of the stock. Take it for what you will. I did all of this DD over many hours last night and I was pretty exhausted by the end of it. the screenshots i have are pretty damning proof of some fuckery going on. + +TL:DR: Ooo Ooo Ahh Ahh Ape hold, Ape Buy, Ape buy many Banana! + +EDIT 2: And those calls continue to be bought even for today. Go look at 800$ call options today. The volume on those calls are already at 2,767 as of this post and climbing. The 780$ calls are no where near that volume and who would buy those calls when you can get much lower calls for either the same price or cheaper! + +EDIT 3: To prove my point to you all. We are being shorted currently and I want you to see the volume of 800$ calls that have been made so far + + +[https://imgur.com/a/RLwxUVM](https://imgur.com/a/RLwxUVM) +Anyone that doesn't know what these are should read this [Behavioral Finance: Confirmation Bias, Cognitive Dissonance, and Recency](http://www.seic.com/enUS/about/15247.htm) as it is very relevant to making good decisions in crypto. + +>Confirmation bias occurs when we selectively collect evidence that overvalues or supports our claims or beliefs and minimizes contradictory evidence. + +--- + + +>Cognitive dissonance occurs when newly acquired information conflicts with pre-existing understandings, causing discomfort. + +--- + +>Recency relates to our ability to recall information that appears at the end of a list of complex data, rather than that which appears earlier. + + +--- + + +I see these all the time in crypto so being aware of them can help you make better decisions. Some examples I can think of... + +Mike Hearn's [legitimated criticism of Bitcoin](https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7) at the start of last year was portrayed as a rage quit, mostly I believe because people didn't want to believe it. The next 18 months proved him correct on almost every point. People that dismissed him held their Bitcoins and rubbished everyone else while a good portion of those that took what he said then did their own research diversified into ETH and made much higher gains. + +The censorship of /r/bitcoin was obvious to anyone that opened their eyes yet very few people actually went out of their bubble to get the full story, instead an us vs them, goodies vs baddies situation developed. + +A few weeks ago when the China ICO ban was still a rumor, NEO crashed because of it while ETH held up. I made the point that a ICO ban was not good news for ETH either and got [downvoted to hell](https://np.reddit.com/r/ethtrader/comments/6wpdw2/daily_general_discussion_august_29_2017/dm9zhdm/?utm_content=permalink&utm_medium=user&utm_source=reddit&utm_name=frontpage). People took glee in the fact that this 'shitcoin' was dumping while completely missing the bigger picture. Then what happened to ETH? It crashes over 25%. I'm not saying I was always going to be correct but I made a legitimate point that people didn't want to hear so I got downvoted for it. + +You see countless examples of it in /r/ethtrader, a lot of stuff that is downvoted is just things people don't want to hear. For example anything bearish on a bull run no matter how legitimate the point will downvoted or at the very least very little attention. + +ETH maximalism is as strong at Bitcoin maximalism with some people and while some people are informed many people are just comfortable in their bubble where nothing challenges them or makes them uncomfortable. + +Anyway I just wanted to shed some light on this as it's something that a lot of people might find helpful. + +Sorry if this is the wrong subreddit but I tried Ethereum and they told me to go to EtherMining, which definitely is not the correct section to post this in. + +--- + +I've been looking at starting a crowdsale for a non-blockchain unrelated business of mine, and I wanted to find the safest, easiest method to launching it. Many people say that the ethereum.org tutorials are not the safest, so I stumbled upon this: + +https://blog.zeppelin.solutions/how-to-create-token-and-initial-coin-offering-contracts-using-truffle-openzeppelin-1b7a5dae99b6 + +The post is pretty straightforward, however it describes working on the testnet. + +I want to be able to launch this on the main net, and it states that you should do it through Parity to make it go live, so I wanted to know, whats the fastest way to get up and running following the Zeppelin/Truffle tutorial and deploying this contract through Parity. + +&nbsp; + +Any help would be really appreciated, thanks for reading! + +How’s this for FUD; I’m **bored**, **tired**, **impatient**, **frustrated** and occasionally **doubtful**. As I watch my parents age and feel the fire of mortality on my asscheeks, I wonder if I should take my GME gains and start another venture so at *least* they can buy a house to retire in. Captain Hook has long been a pile of reptile shit and Tick-Tock the Croc is back on the clock. + +There’s only *one* thing that could make me feel worse about this whole situation and that would be **SELLING**! It’s painful even to consider. The thing hedgies want most is the last thing I’d consider a *solution* to my problems. Funny how that backfired on them eh? + +There is, however, a *long* list of things that make me feel *better*: + +**1.** **BUYING MORE** 😅 Every time I buy more it unlocks a new level on my favorite mobile game, *Calculator*. + +**2.** GME *consistently* **dips** on *good news*. (Who *didn’t* see today’s dip coming after announcing west coast fulfillment?) This shit is all the confirmation bias I *need* to see we are **right**. + +**3.** GameStop’s constant improvement with customers, their website, product expansion, etc. (watch what we do, not what we say) + +**4.** **THE VIDEO GAME & TECH INDUSTRY**. This is the future of entertainment and convenience. It’s everything. We know it, RC knows it. Barring an apocalyptic, grid-destroying event- this shit ain’t goin’ nowhere and it’s only going to get better and better. If you know, you know. + +**5.** And finally you fucking **APES**. Who knew there were so many *decent* degenerates in the world? How could I leave this community? Why would I subtract this level of chaotic positivity from my life? I can’t afford to. + +**Isn’t it ironic? Don’t ya think?** + +Every SINGLE tactic SHFs have used and continue to use to shake us off does *exactly* the opposite. It’s an infuriating and hilarious dance. + +If GME had slowly climbed from $40 with little bumps on good news I probably would have believed shorts had covered bc the stock was behaving somewhat normally. I probably still would have invested, but not as heavily and with such conviction. *They. Fucked. Up.* + +We are *pacified* by the shares we buy during the dips they hope will shake us. + +We are *emboldened* by downward movement on positive news. + +The serpent continues devouring its tail in a negative feedback loop unwittingly optimized for apes 🙂 + +It’s amazing what people can adapt to and I’m adapting to this. I can buy and hodl *indefinitely*, let’s see who runs out of money first. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Unless you know something other investors don't - insider trading, or you just negotiated an international trade deal and it has not yet been reported to the public - how is it possible to make money in the stock market, besides luck? + +I know there are strategies like "dollar cost averaging" and diversification in terms of geography as well as industry, and I know in theory "stocks only go up" (in the long run, on average), but still.... + +If all the factors that might make you think a stock will increase or decrease have already been factored into the current price, how is it possible to make money by owning stock? + +If a company has consistently growing profits for 4 quarters in a row, it could still have a lower price than it did at the start of the year, if the profits haven't been as high as expected. + +There are many technologies that I believe will become widely adopted in the next decade, but surely many other investors see that promise too (example: gene therapy), so stock prices already reflect expected future earnings, yes? + +If, instead of choosing stocks, I just invest in index funds or mutual funds or ETFs, does that really change the question? I'm still buying a set of stocks at their current prices, which reflect expected future earnings, yes? + +\[Edit: If I'm going to try to know more than hundreds/thousands of investment analysis teams, sounds like I'm going to be doing a ton of work, with fairly equal probabilities of gains or losses. Not just me, a beginner, but it sounds like people who have been doing this for decades must be spending a ton of time with fairly equal probabilities of gains or losses - only leaning towards gains because "stocks only go up" (on average, in a well-diversified portfolio, if the world doesn't totally go to hell). I can imagine people earn below minimum wage - unless they have hundreds of thousands in the market, so a 6% return amounts to moderately decent compensation for their time.\] + +I googled, perhaps not using the best search terms. I did not find anything that addressed my question directly. +Originally posted on another sub with incorrect/misleading title. + +[Original Tweet](https://twitter.com/susannetrimbath/status/1506808703692926980?s=21) + +u/Pogginator explained what this actually means in top comment: + +“A lot of people seem to be misunderstanding what this means. This would reverse trades sold short that fail to deliver. So shorts wouldn't be able to continue selling shares they never intend to deliver. + +Shares you already have are settled. So this particular thing would have no affect in regards to selling what you have currently. Shares you have in Computershare are already taken from the DTCC and registered in your name. Selling those would settle properly because you aren't selling a share and delivering nothing. + +This isn't a bad thing, if executed it means shorts would no longer be able to sell shares they don't actually have. If they do, those trades would get reversed when they FTD. This should dry up volume even more and theoretically drive the price up because only tangible shares can be bought and sold.” +Over the weekend I discussed that I was worried that a market correction would be coming any day. When I saw the COVID updates yesterday it crossed my mind that I could wake up to this. + +Well... Here it is. + +What I won’t be doing is selling everything, or anything for that matter, at a loss. Unless you just yolo’ed your cash into random “$tonks” people told you to buy, the very same research or indicators that made you buy them in the first place are likely still valid. + +Remember that you haven’t actually lost anything until you actually sell. Take a break today. + +EDIT: I posted this specifically about the expected market correction. Sure, if you have a dud that hasn’t panned out as your DD anticipated, cut your losses. No reason to hold anything on blind faith that it will eventually turn around. +I've been maxing out my Roth 401k for 5 years now. This year I found myself in the 35% tax bracket. At what tax bracket would you say it's a good idea to switch back to pretax contributions? I have another 30ish years to retirement. +I (24M) just graduated university and work in a “boring” industry. Solid pay and work life balance. I was curious are there others that are working in non tech fields?? If so, what do you do? Most posts I’ve read have been by those in the tech industry... I just want some reassurance that I can FATfire without being a SWE lol +Here is my list. Please feel free to suggest additional ideas + +1. L6/L7+ at the large tech companies +2. Specialist surgeons (e.g. Mohs, retina, orthopedics, neurosurgery, cardiothoracic surgery) + some in anesthesia/cards +3. VP and up in large-cap corporations, SVP/C-Suite in mid-market corporations +4. Experienced high finance professionals (directors/MDs in PE/VC/IB/HF/AM/S&T etc.) as well as successful financial advisors/wealth managers +5. Partners in professional services (management consulting, accounting, and law) firms +6. High-level salespeople in software, med device, CRE, financial products etc. (e.g. global account manager at AWS) +7. Business owners +Good evening everyone, + +Strange times. Was looking for a feels bar. I couldn't find a feels bar. so I'm opening the feels bar. + +The Feels Bar is Open. + +&#x200B; + +https://preview.redd.it/skc79o1rrc5a1.png?width=968&format=png&auto=webp&s=eb5c77b206e3ec5398847d297d658ebcf3dfff44 + +Welcome to the Feels Bar, + +come and share a thought, share a feel, take a feel, have a feel. + +&#x200B; + +as for me... feels like the writing is on the wall. I'm going to miss this subreddit when it's gone, according to reddit recap i spent over 3000 hours in superstonk in 2022. + +&#x200B; + +how about you all +&#x200B; + +Good Evening Apes. I am SGTShow. I never planned to post anything here, I just comment on things and consistently patrol as part of Knights of New on the (USA) Night Shift. I give a report on the daily when I have something worthwhile to report. I have seen a pretty common trend related to the addition of Satori and posts about being approved, and I realized that I some knowledge that not only identifies these missteps, but I can inform and educate fellow apes in ways that protect them and keep them from revealing information that should be kept hidden. + +A little background about myself, without breaking OPSEC, I have Military, Bounty, and PMC experience, all three of these jobs require a certain level of anonymity to keep the job from following you home. None of it has come to my door, and I implore you to read through this and look at things from your past where you could have had a different outcome with this information. + +**STOP DOING STUPID SHIT WITH THE WRISTBANDS, AND THE STICKERS ON YOUR CARS, CONVINCING PEOPLE TO JOIN, SAYING YOU ARE APPROVED BY SATORI, AND POSTING PICTURES OF YOURSELF. YOU ARE MARKING YOURSELF AS A TARGET TO PEOPLE WHO ARENT INVOLVED! THEY HEAR THE NEWS AND THINK YOU ALREADY HAVE MONEY FROM THESE VENTURES! STOP TELLING STRANGERS TO TARGET YOU. IF I WERE A THIEF, AND I SAW A CAR WITH AN APPLE STICKER ON THE WINDOW, I WOULD ASSESS THE RISK TO BREAK INTO IT BECAUSE THERE IS AN IPOD OR BETTER IN THERE. DON’T HELP PEOPLE ROB YOU**. + +My most recent encounter with this was a guy at my work got 4 teeth knocked out and robbed of his wallet, phone and bike while getting lunch because he wore a dog-coin bandanna as a mask. All that told people who DON’T understand the things going on that he PROBABLY had money. The kid did not own enough D-coin to fix his teeth much less buy toothpaste at its high. + +**OPSEC: Easy steps to stay under the radar and avoid suspicion** + +I do **NOT** want to scare anyone, I want you safe, and aware because complacency kills, I have first hand accounts of such and would rather not experience it again. To quote Wayne of Letterkenny “ If you had ever been in a real fight, you might not be so keen for another” + +**First part. OPSEC. Operational Security. These are the steps that are taken to ensure that a mission is executed without the interference of the enemy/interlopers.** + +Step 1) Shut the fuck up. Tell no one that you are involved in any of this. I have seen countless posts about people getting approved by Satori. You make yourself a target by mentioning the fact. Outside of the MODS, no one here has enough clout to convince the sub that their account has be hijacked. Prevent yourself from being hijacked in the first place by maintaining a state of anonymity within the community. Draw no attention to yourself. Just hang out as GP ( general population) + +Step 2) Lie. If you told someone about your dealings in this, you have a variable that you need to remove. I don’t mean you need to ghost them, lies will suffice, tell them you paper handed and covered your debts with a little left over for a few goodies. Keep contact with people you want to, but do so sparingly, this will be a world changing event, people will put the pieces together by accident after enough time, and you wont know their intentions before it happens. + +Step 3) Lie More. After MOASS, every ape will have the opportunity to move to a more affluent area of their choosing since were holding for everyone to be wealthy. You are going to have to lie to these people in that new community *(Some of them will feel like you robbed them!)*. Do not tell them you were a part of this. EVER. LIE. Take your hobby, and make up lies. If you love video games, congrats, you were a vintage game collector that sold for big money. Love card games? Good job, you held onto or found/inherited a shit load of Magic the Gathering Boosters or Black Lotuses or some shit. Put your own spin on it, know what you are talking about to be convincing. Lie enough to be forgotten, but not enough to be suspicious to be questioned about shit. A safe story is take your Mother/Fathers profession and elevate it to the owner of the company while only stating the profession, do not name a company that can be verified or looked up. For example, your father worked as a plumber, take the stories he told you, but make HIM the owner and use those stories as your own where you worked for him. Worst case, a neighbor asks you to help with a busted toilet or faucet, and you can fix it with your fathers ( who you are taking very good care of) experience to make the story real. + +Step 4) Blend in. Wither it is within the community, or during travel, do not wear, say or do things that make you a target. Don’t wear super expensive clothing that draws attention, dress for COMFORT, don’t brag about how much you have/made. Do not buy a bar a round of drinks or anything like that. For the clothing, think about “Sneakerheads” there is an entire group of people that can determine the make, year, authenticity of a pair of shoes at a glance, there are other people who can do the same for clothing ( big vintage Levi's community ). So even if you buy a relatively low attention getting outfit, there are people who can identify the fine details down to the stitching that will indicate its true value. + +**Interrogation Techniques for Beginners. How to talk to people without raising suspicion.** + +Step 1) Answer EVERY question with the same delay. This is serious. The speed in which you reply teaches the interviewer/interrogator how fast it takes for you to tell the truth. ALWAYS give a couple seconds before you answer, ESPECIALLY easy shit like “ What is your Name?” + +Step 2) Repeat the question. If you need time to think, just repeat the question back to them. This allows you disrupt their timing, and keep them from expecting a response time from you. Example: Interviewer: “ What is your name?” + +Ape: “ What is my Name?.... My Name is \_\_\_\_\_\_\_\_\_\_\_\_” + +You upset their timing, and still told the truth, do this for every question to give you time without making it suspicious, they just think you are dumb/thorough/ slow to answer. By answering ALL questions with a delayed response, you remove “reluctant to answer” from their list, think about all those episodes of COPS. “Name?” quick response! “Date of birth?” Quick response! “Anything in the car?” ………… delayed response. That delay here tells interrogators that there probably is more to what is in the car, because you took time to take a mental inventory before answering. + +Step 3) What was that? Need even more time? Pretend you cannot hear, NO ONE can test your hearing on the fly, use the environment around you or other people talking. Sharply look at the thing making noise, and tell the interviewer that you could not hear because of whatever the fuck was making noise. It disrupts them, gives you time, makes them rethink what questions they may ask next, because you don’t give answers quickly. + +**ORM - Operational Risk Management- plan for everything!** + +1. You can asses situations and make good decisions by balancing out the pros and cons. Having new found wealth can not only offer more access to areas, but you may be lured to areas that you should not be going to. Think about things BEFORE you venture out. +2. Travel Plans. Have a set plan of departure and arrival, a back-up, and a back up to that. REMEMBER travel does NOT mean constant motion. If you feel like you are being tailed, or followed, eat the cost of a stay in a hotel for a couple days or more. Better safe than sorry. +3. DO NOT BE SPONTANIOUS! If it was NOT part of your plan before, guess what, it is not part of it now. You planned to visit places 1-2-3-4-5 and at place 2 you had a little to much to drink and some fine character is trying to convince you to go with them, rather than on to 3-4-5 you need to egress and get back on the planned program. IF! There was a real connection, it will remain after 3-4-5, use a dummy phone or social media account to mitigate those encounters. Just don’t go with a new person you meet in travel, we are not living in a romance novel, do not assume anyone is genuine at first meeting. + +I am certain others can expand on this narrative, but I just wanted to put these tools out for Apes to read and hopefully gain a new mindset. You will owe NO ONE anything after MOASS, not even your daily plans. “I am just going to putter around” is a commonly accepted and used answer to “ what are you doing this afternoon/weekend/ week/ ect. + +**EDIT 1** : I went through and corrected all my Satoshis to Satoris, sorry for the mistake robo-ape! I'm leaving the grammatical errors, I didn't catch them first time around, probably won't this time. + +**EDIT 2** : For those claiming I am spreading fear (FUD) you misunderstand me. I am spreading AWARENESS, I am not saying an alligator from the river is going to definitely eat you, I am saying, "There are alligators in that river, keep an eye out for them" + +**TL:DR** Act like you have some sense. Don’t add things to your life that bring attention to others. Keep it simple and stupid, have a good time, but be safe. Think about what your plan is and where it could go wrong, then revise the plan accordingly. We CANNOT rebuild the world we live in if we lose apes to dumb shit, the old money will crush us. If you can, start over in a new state/country and leave it all behind no one will hold it against you. +Maybe you dont want to hear it but probably need it. The panic in this group is insane. + +Most of you watched videos like: top 10 investment advice from buffet/lynch + +And as long the market grew everybody was a longterm/value investor and was suddenly an expert after 2 years of bull market. + +Now the market moves sideways and everybody is losing his mind. Throw everything they „learned“ overboard and have to reconsider everything. + +Iam happy about that because the cockynes in this group espacially from the young investors was to big. + +Prepare for draker times and learn from it. When you sell a good stock at a loss you only help others to get rich quicker + +Cheers +Married couple (47M, 52F) with two kids (10, 15), living in a HCOL area in the greater LA area. Earning \~300-350K/year combined with some years being roughly half that as wife took time off to care for kids, etc. Current NW \~7.5M (not including primary residence), distributed as follows; $5M in 401Ks, $0.8M Rental property equity, 0.7M in Crypto, $1M in After-Tax accounts. (Rental property currently generates \~$1K/month in positive cashflow.) + +Our living expenses are approx. $165K/year. We typically take one nice vacation (hawaii or europe) a year + 2-4 shorter getaways, eating out several days a week, we have most of material things we want/need, new cars (that we keep 6-10 years). I'd say its a comfortable lifestyle but obviously nothing too extravagant. That said, both me and my wife would love to "upgrade" our lifestyle at some point, to around the $225-$275K spend/year level (probably considered "skinny" fat for many folks in this sub). At this point of our life, time and experiences are worth way more to us than material luxury (fancy house, cars, boats, jewelry, etc). + +I have run through most of the popular FIRE calculators and they all pretty much say we've got enough if we both live until 99 years old and do not include SS. Even withdrawing $300K/year would put us right at a 4% SWR. At maintaining our current standard of living at $185K/year ($165K + 20K$ in added health insurance costs), all the calculators pretty much say it's a guaranteed success that money will not run out. + +First, do we have enough assets to afford withdrawing $250K/year? Also need to pay for the kids through college (estimating it will cost up to $500K, having \~$100K saved in 529 accounts). + +Second, I'm looking for some advice from the folks who have already transitioned to fatFIRE in how you structure your withdrawals and asset types. Given that majority of our assets are tied up in 401Ks that we cannot touch for another 7 years, how would you structure the remaining assets of taxable investment accounts, crypto and rental property? (All three assets have significant long-term capital gains that obviously will be taxed if liquidated). Hardly seems worth it to do the 72(t) distribution to gain 2 years earlier access to 401K funds, but perhaps there are other benefits? + +I'm also considering a fee-only (fixed fee/pay by the hour) CFP that could help validate this and also help with things like creating a living trust, wills, estate planning, etc. Any recommendations are welcome! +A post popped up on my feed from the popcorn sub so I decided to go take a look. I saw some people discussing DRS and the comment "We don't have to DRS because the GME guys are doing it" made me chuckle initially, but ultimately gave me an aha moment. They believe in GME's investor base more than their own and know we are going to lock this up. + +They see that 195k people believe in their company so much that they're willing to take the road never traveled to show their commitment. We aren't just complaining about crime and waiting for something happen, but actually taking action. + +I see purple circle posts daily on this sub and honestly I hardly even read the lengthy DD anymore because I know we are doing what is necessary to prove that the shorts never closed and that millions of synthetic shares have been created. Keep the purple circle posts coming and I will upvote every single one and award what I can. I freaking love them! +I bought a 4 plex that turned out to be zoned as a triplex and apparently the previous owner did unpermitted work. The city is now breathing down my neck and I'm working to get it re\-zoned properly and to get a permit for the work. + +At what point should I initiate a lawsuit against the seller? On one hand, it makes sense to me that I should wait until it's all resolved \- then I know the full extent of the damages and what I should be suing him for. On the other hand, I'm worried that delaying might make me miss out on something \- at some point they might say "you needed to do something about this earlier..." + +Our title company specifically omits zoning and permits from their responsibilities, so there wouldn't be any help there. +I recently talked to a friend who was posts a lot about real estate and his 7 figure passive income cash flow. I asked him for advice because I'm trying to buy my first investment property. + +He gave me good advice about timing, markets, property types, and financing, but also asked if I wanted to join his paid passive income course for giving back to the community, Now I'm not sure if he's a scam or not. Is it normal for people to start courses and how do check if they're legit or not? +I'm shopping around Roofstock and a couple other platforms and seeing a number of homes with negative cash flow for 5 years. Is there any advantage for an investor to take on a property like that (assuming you don't need cash flow and are looking for appreciation instead)? +Considering buying 3000sq ft apt to be divided into 14 room sized apt for short term rental. + +Cost would be roughly as follows: $3.25M for the apt, $375K for intermediaries, $250K for taxes, $700K for works, so about $4.6M. + +According to AirDna, yearly revenues would be at least $440K. That’s before taxes, opex, capex, property manager fees (circa 15%). + +Regarding financing, am thinking putting $2M cash and raising the balance ($2.6M) at 4,5%. + +I simplified it but does this deal make sense for you? Thnx! + +Edit: thnx for the replies. I finally decided not to pursue this deal, as I didn’t feel the BP assumptions (relying mostly on AirDna datas) were strong enough (not directly comparable assets, limited data, doesn’t take last trends into account at the local level). +Anyone making profits consistently either by buying or selling options over long periods. + +Most of the posts with gains are from new(2020) traders. + +If you have made profits for more than 5+ years, + +1. what is the avg %/year? +2. do you favor buying or selling? why? +3. any advice to newbies +This is a followup to the following post and related topic: +> https://np.reddit.com/r/Superstonk/comments/on7xpv/national_emergency_by_monday_cant_close_loans/ + +I wanted to know the scope of the ransomware attack on the nation's largest regulated industry cloud provider which is preventing any transactions in entire sectors of the economy. You can read their own report here: https://www.mycloudstar.com/ + + +*** + + +####**What is Cloudstar? Well boy howdy we're fucked because this affects the general Financial Services industry and publicly traded companies:** +(from the about page) + +> At Cloudstar, we believe first and foremost in the principle of partnership. We seek clients with an active, passionate, and vested interest in taking their organizations to the next level by partnering with Cloudstar for our people, process, technology and infrastructure. + +> If your company is in the Real Estate, Land Title, Legal, Insurance, Financial Services, Petrochemical or Oil & Gas industries, our team of experts would like to learn more about your organization and how Cloudstar can help. + +> Every service Cloudstar offers is designed to increase your organization’s productivity, up-time, business continuity, reliability, cyber-security, and profitability. + +> Cloudstar started in 2009 as Cloudstar Consulting Corporation and was created to meet the unique needs of the land title industry. As the company grew from a consulting and IT infrastructure design firm, Cloudstar Consulting Corporation re-branded as simply “Cloudstar”, a DBA of the newly formed holdings company, Keystone Management Group, LLC. In 2014, Cloudstar purchased a 50% interest in U.S. Telecommunications firm, Teletonix Communications in addition to adding Diologix, an electronic medical records encryption company and Notary Transfer to its portfolio of brands. As of 2017, Cloudstar has expanded to provide services to the entirety of the United States, Canada and Mexico with offices in three states and privately held infrastructure co-located at five U.S data centers. In 2019, Cloudstar added Mortgage Phish and CloudBunny to the it’s list of holdings. + +> **Today, Cloudstar services the needs of tens of thousands of end users from small firms to publicly traded companies.** + +&nbsp; + +*** + + +###**This is just too ironic to be a coincidence, we really do live in a simulation:** https://np.reddit.com/r/Superstonk/comments/on9wgs/cloudstar_posted_this_on_thursday_on_friday_they/ +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +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! + +Legitimate question. Specifically I'm curious as to whether or not ether will dip below $300 again. If you think so, why? If you think not, why? Just trying to make an educated decision here. Thank you. +Augur looks and feels like a shady sportsbook. The app, though in Beta, does not appear promising. What am I missing here? If it ever takes off will there not be hundreds if not thousands of spammy questions? The tag list will grow into the hundreds if not thousands. How will users wade through the spam? There are lots of solutions and examples of existing prediction markets to pull from but elegant filtering UI/UX can be complex. Are you confident they will be implemented elegantly by this team? Even if the fundamentals are strong, do you see this being used by mainstream users and not just internet trolls? +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. +For those of you who are unaware, the 2019 annual contribution limits for 401(k) and IRA accounts are as follows per the IRS: + +&#x200B; + +401(k): $19,000 + +EDIT: 401(k) for those 50+: $25,000 (credit to u/nealosis for pointing this out) + +IRA (Under 50): $6,000 + +IRA (50+ years): $7,000 + +&#x200B; + +&#x200B; + +Source: [https://www.irs.gov/newsroom/401k-contribution-limit-increases-to-19000-for-2019-ira-limit-increases-to-6000](https://www.irs.gov/newsroom/401k-contribution-limit-increases-to-19000-for-2019-ira-limit-increases-to-6000) +I'm back again with the tickers that are on my watchlist for next week. This week I closed up roughly $1,250 which was about 1.5% of my buying power. The market indices were -1% this week, so I out-performed them (again). + +**What am I doing?** + +I do technical analysis and selling cash-secured-puts 1 to 4 weeks out on stocks that are nearing key levels of support. My goal is to collect premium, but should I get assigned I have absolutely zero problem running the wheel on stocks I want to own. As a backstory I nearly blew up my account doing WSB-style plays in March but have regained all of my account and then some running this strategy since April. What I do now is basically wheeling on weekly puts. + +I watch over 200 stocks, I would say its 90% waiting game and 10% true technical analysis. My levels work, but it's normally because I am patiently waiting for an entry point. Yes that's a lot of tickers to watch, but I research my stocks on weekends and then monitor additional plays & levels during the weekday to see if there is an obvious setup I want to participate in. + +**Here's a few things regarding my strategy** + +**1.** I don't over-leverage with spreads because if the stock price blows past your long strike and you assume max loss you need a lot of capital to actually be assigned the shares. For that reason I don't really see selling multiple spreads as a "Theta Gang" play and is still very high risk. If I do open a spread it will be a protective put for $1-5 just to protect myself should the company randomly announce bankruptcy. + +**2.** I only sell cash-secured puts with the capability to be assigned if need be. My goal is to never take a loss on a position and always wheel it back to profitability. If something has changed fundamentally with the stock then yes I will close the position and realize the loss. + +**3.** If IV on a ticker is very low, then yes I will outright buy shares instead. + +**4.** I only aim for 1-4% per week collecting on theta and an occasional earnings theta yolo. No call-buying, no spreads (unless buying a covered put), only put-selling and shares! + +Honestly, that's about it. I'll go through some tickers on my watchlist this weekend and what I currently have open. + +# Open Positions From Last Week + +**CRM:** My CRM put will be assigned at roughly down 3% from my cost basis. I will sell a covered call after the open tomorrow expiring, this week or next depending on premiums and also what the shares open at. + +**DKNG:** Up 40% here, looking on a continuation of the trend to close around 60-70%. Earning $25 on theta per day anyways. + +**FROG:** This position is completely flat. I still like the entry so will hold and keep an eye out to see what happens. + +**PLTR:** up 15% on the puts I sold. Highly volatile stock with 10% intraday swings. With the government contracts they just signed I think there will be continued upside here. I'm HODLing until I can get 70-80% profit then I'll close to free up some buying power. + +**RKT:** Up 50%, this is one green day from being 60-70% profit and then I will close. **Here's the thing:** what happens if RKT begins to go down closer to my strike? As long as it goes down slowly, both delta and theta will increase. So each day that passes when it gets closer to my strike price I will start to gain more value with theta. Every day that passes my contract gets more exposure to delta as well, so any bounce to the upside will put me in a good spot to close it out. Once the stock price starts to rise too far from my strike and I've gained 60-70% profit, the theta and delta values both drop leaving me to gain only a few dollars per day. Right now my contracts give me $14 per day in theta. If RKT opens green tomorrow my position will hit my 60-70% target and daily gain from theta will be $2-3, so why hold it when I'm not earning anything? + +**TDOC:** Up 55%. This position was slightly red last week on the dip. Similar to PLTR I have faith in the fundamentals on this stock. Dips will be bought and $190 is a good floor. + +# Master Plays This Week + +I just want to preface this by saying these are not recommendations to buy or sell any stocks. These are stocks that have come through my scanner and met a few criteria for me to sell puts to collect premium. I won't execute on every trade, but if the timing is right I will enter these, that's why they are on my "watchlist". My intention here is to sell the put, collect the premium, or get assigned the shares. If I am assigned the shares, I sell covered-calls trying to lower my cost basis and remain profitable on the play. + +**HYLN - Hyliion ($17)** + +https://preview.redd.it/h19e85dwd1561.png?width=2042&format=png&auto=webp&s=7bf13ca65f6a6ff08f3e84211ea1ff5c81365936 + +HYLN, formerly SHLL ticker that merge'd via SPAC. This ticker has been on my radar for a few weeks now, but I never quite pulled the trigger. I would have thought a base would form around the $21 level, but here at $17 I think it is prime for a reversal. I will be looking at selling the $15 strike put for January to give myself a bit more time. IV still very high in this name. + +**Positions on the watchlist:** + +1. Jan 15, 2021 $15 strike put sold for $1.40 or $140 premium. Return: \~10% + +&#x200B; + +**NIO - Nio Inc ($41)** + +https://preview.redd.it/lii3faeyd1561.png?width=2050&format=png&auto=webp&s=b068d41a0410781feb03f92225c82a138e1c41b3 + +NIO is down roughly 25% from the highs. For me, $40 could be a good place to form a base and sell some puts 1 or 2 strikes below. News of China required more strict financial audits has hurt a lot of Chinese stocks. IMO companies like BABA, NIO, JD are all legit and I don't see them getting de-listed due to above reasons. The lines I drew on this chart is actually from last week and the stocks seems to be flirting with my support line at the lower end of the channel/trend. A hold here would be bullish to see a reversal back to the upside. + +**Positions on the watchlist:** + +1. Jan 15, 2021 $38 strike put sold for $3.75 or $375 premium. Return: \~10% + +&#x200B; + +**U - Unity ($150)** + +https://preview.redd.it/hg8pqdfzd1561.png?width=2046&format=png&auto=webp&s=9c522c4070ce46e1d560c8272e9754e4ddc31b42 + +Unity IPO'd earlier this fall. It's been on a non-stop trek upward since and hasn't consolidated much along the way. The 10% drop last week gives a better entry point for the continuation in trend. If the price breaks below $138 or so, we could see more downside to lower $130's for consolidation. January puts offering very nice premiums on this solid company. + +**Positions on the watchlist:** + +1. Jan 15, 2021 $140 strike put sold for $13.50 or $1,350 premium. Return: \~9% + +2. Shares and covered calls to collect premium from high IV. + +&#x200B; + +**OSTK - Overstock ($55)** + +https://preview.redd.it/skg3agx2e1561.png?width=2046&format=png&auto=webp&s=7782afcc9d188247fb3933b0c121a5271677b7ef + +Overstock was a 12-bagger from June to September and then the massive blow-off-top happened. The stock has been in the range of $55-70 since then, but looks to be consolidating recently. This was on my "watchlist" last week, but I saw better opportunities to be played. The stock is currently nearing the bottom of the trend and touching support, $53-55 looks like a good entry point for me with selling the $50 put. + +**Positions on the watchlist:** + +1. Jan 15, 2021 $50 strike put sold for $3.75 or $375 premium. Return: \~7.5% + +2. Shares with a stop-loss around $40 and a target to take profit around $75. + +&#x200B; + +&#x200B; + +**WKHS - Workhorse ($22)** + +https://preview.redd.it/r3vus004e1561.png?width=2048&format=png&auto=webp&s=d10ac3c733bddbcf87b98a6df8fb04f11c3e23ae + +WKHS had a big gap-down recently and is trading at the very bottom of the upward trend. It's got support one dollar below current levels and could be primed for a reversal back up. IV super high on this one as well. + +**Positions on the watchlist:** + +1. Jan 15, 2021 $19 strike put sold for $1.75 or $175 premium. Return: 9% + +2. Shares with a stop-loss at $19 and profit taking target around $25. + +&#x200B; + +&#x200B; + +**CODX ($10)** + +https://preview.redd.it/qzrf91e5e1561.png?width=2042&format=png&auto=webp&s=7952b795319155e7228af560f29cdb8dcbf105b1 + +Lastly we have CODX. The stock has taken an absolutely massive beating dropping from $31 in September to it's current price of $10. A 66% decline in just 3 months. Looking at chart, in my opinion, the selling looks to be coming close to an end. I think it will form a base around $10 or possibly $8 if it falls through the $10 support level. This is somewhat of a high-risk play, but premiums are nice and I am looking for a bounce. + +**Positions on the watchlist:** + +1. Jan 15, 2021 $9 strike put sold for $1.05 or $105 premium. Return: \~12% + +2. Shares here could be a less risky play if you don't like volatility. I could see a bounce here back to $15 in the next 2-3 months if things go well for the stock. +On social media I see plenty of people that claim they have lost their live savings, taken loans and invested all their family money in Luna. Numbers of 600k USD are common. + +How the hell do people get that amount of money in the first place? And how do they even think about putting it all in on ine project? This cannot be true can it? I mean, taking some risk with crypto investment, I understand, but this is ludicrous. + +If anyone here ever thinks of investing all their money in one coin: DON'T. Remove all your money from exchanges and go outside and do something else. +I came across these comments: [https://www.reddit.com/r/wallstreetbets/comments/kzgcsg/comment/gjnuayj](https://www.reddit.com/r/wallstreetbets/comments/kzgcsg/comment/gjnuayj) + +[https://www.reddit.com/r/wallstreetbets/comments/kzgcsg/palantir\_demo\_day/gjnytkc/?context=3](https://www.reddit.com/r/wallstreetbets/comments/kzgcsg/palantir_demo_day/gjnytkc/?context=3) + +And am curious if anyone echoes this sentiment, or if they have had a better experience working with the software... + +EDIT: There is an overwhelming amount of "advice" about investing in this company, which is fine, but the point of this thread is to gather user experience to determine what the sentiment is of boots on the ground. Part of my due diligence about this company is finding out how the users like it, not hearing the same regurgitated $1000 in 1 year garbage, or "it's a sure thing". + +I would urge anyone with experience using it to be critical, as I think the comments going against everyones confirmation bias are likely the most important. + +EDIT EDIT: It's really unfortunate that people are downvoting critical comments of the software, as those are exactly the types of comments this thread is meant to be embracing. Before you downvote, try and wrap your head around the context of the thread. I would also say, that downvoting things that oppose your confirmation bias is VERY revealing about the state of this sub and others - anyone should see that as alarming. + +EDIT EDIT EDIT: It's interesting to note that those two comments have a significant number of upvotes since I have referenced them. It's hard to reconcile the overwhelming positivity in this thread with the echoed sentiment on those comments. Something just doesn't add up to me. It tells me that more people entering this thread are of the opinion that the software isn't all it is cracked up to be, but the comments here don't match. + +A user (u/eqpofr) had asked in a comment sure to get buried: + +"Can commenters state in what context they used the software, and what their main tasks were, in addition to whether they liked the software or not? Context matters a lot and it's lacking in the discourse I'm seeing here" + +I agree that that information is important. +I must admit sometimes I be sad thinking how could I get such insights and knowledge after MOASS. You apes taught me so much during these months. More than years following greed, stupid, liars fintwit boomers. + +Part of my tendies will be spent in deep financial education, in view of, in the future, sharing these with poorer people to, once again, transfer wealth from market thieves. + +I love you (Gamestop)! My favorite videogame is Wii Sports. 🚀🚀🚀🚀 +Karbon suddenly popped up out of fucking nowhere. There are nearly 20k subscribers on r/karbonapp even though it has only existed for 24 days, which is huge if you consider long established projects like r/GolemProject only have ~10k, r/Augur has ~4k and r/Digix has ~1k. + +Despite that apparently overwhelming support, basically no one has heard of it and the project isn't particularly remarkable. Moreover, perhaps the most damning indication is that after 6 days, their ETH ICO account only holds $70k USD and their Bitcoin address holds about $9k USD. + +So we're looking at an investment of around $4 per subscriber to their subreddit after 6 days of their ICO. (Website [here](https://karbon.io/), ETH account [here](https://etherscan.io/address/0xA64863281953D190Cb9ccb7627F0042420a13c8f) and BTC address [here](https://blockchain.info/address/19Y8ErcCMdWE3W56NL1VP9fS9qrYaDPriu)). + +Moreover, I recently made a post on r/cryptocurrency about Karbon spamming Reddit with fake votes. My thread was virtually ignored, but two post popped up days after I made the thread that each garnered far more upvotes than any post on that forgotten thread had a right to have ([link](https://np.reddit.com/r/CryptoCurrency/comments/6pxsd6/what_the_hell_is_going_on_with_karbon/)). + +We have also just had a straw poll on r/ethtrader to see which coin is likely to be most popular and adopted. Unsurprisingly, Karbon is joint first, ahead of coins with vastly larger market caps and established communities. This poll was started by Lopno. Much like all the other Karbon shills, their account is old, but was dead until very recently when they were suddenly revitalised by their apparent desire to pump Karbon on Reddit. I have archived the thread which you can see [here](https://web.archive.org/web/20170729130115/https://www.reddit.com/r/ethtrader/comments/6q4bc6/strawpoll_which_new_coin_do_you_think_will_become/). + +This same poll was run on r/investing recently. In that poll Karbon beat all other coins easily. This is on r/investing for christ's sake. It was the first time I had even heard of it at that stage. I am deeply embedded in the crypto community, and if I hadn't heard of it then I'm sure as shit that no one on r/investing had heard of it either. That thread has since been deleted but you can view it [here](https://web.archive.org/web/20170726155458/https://www.reddit.com/r/investing/comments/6pou5a/strawpoll_which_newest_cryptocurrency_do_you/). It will come as no surprise it was started by Lopno. + +If that isn't enough, a thread on r/bitcoin recently saw a post pumping Karbon voted to the top spot. I couldn't believe my eyes: r/bitcoin pumping an unknown ICO? Yeah right. (The offending post has since been removed, but you can see the rest of the thread and people discussing Karbon in it [here](https://np.reddit.com/r/Bitcoin/comments/6pwd4k/share_some_of_the_most_importance_advice_youve/)). + +I am not sure whether or not it is appropriate to ban discussion of Karbon on /r/CryptoCurrency. It might be, but that is a question for the mods. I just want people to know that the hype is completely fake and they should steer well clear of Karbon. + +Expect the shills to descend on this thread. + +**EDIT:** If anyone comes here in defending Karbon with a surprising amount of upvotes on their post, check their history. Karbon shill accounts are all years old, but without any recent activity other than to pump Karbon. As seen on the r/investing and r/bitcoin threads I cited above, they also delete their posts once they have had the intended effect. Here are some examples: + +u/soboleski + +u/Old_Story + +u/Lopno + +u/ryan6608 + +Edit2: **The shills have arrived** +An update from my previous post [a look at the brokers available for buying US stocks from Australia](https://www.reddit.com/r/AusFinance/comments/lgsdyc/a_look_at_the_brokers_available_for_buying_us/) + +I edited the table a bit and included Charles Schwab and Tiger Brokers as they were mentioned in the last post. Wherever there's a '-' it means it's either not applicable or I couldn't find anything on it. + +[Table V2](https://preview.redd.it/jxbku3zg6do61.png?width=1832&format=png&auto=webp&s=ed3f838ae13aafc40643b182f305e42159568aab) + +I ended up going with IB for US and SelfWealth for AUS (no commission for five trades using a referral code). It comes down to IB's fx fee being way lower than any other broker (virtually 0 compared to 0.6%). Although I couldn't find anything concrete on Charles Schwab they seem to have just as good a fx fee going in (they convert AUD to USD automatically) but the trouble is when withdrawing you have to find the cheapest way to convert USD back to AUD. + +I have read people open up bank accounts here locally that can hold USD (like Citibank Global) and just send USD from Charles Schwab to there until rates look favourable to change back to AUD. What they all seem to use to convert back to AUD though is a money conversion service like Transferwise, OFX, or Revolut but their rates seem just as high as other brokers depending on the amount you convert back at once. I just checked and for $10000 USD on Transferwise's (Wise) website it says they charge a $49 USD fee which is almost 0.5%. Revolut allows up to $9k AUD to be converted each month with no fee (I assume it works the other way with the equivalent USD as well) and after that it's 0.5% but I have heard they are annoying to deal with and money that comes in can have the account frozen. Seems unreliable but perhaps good for just small amounts if you can afford to wait. + +I also read people use IB purely to exchange AUD to USD and then send from IB to fund their Schwab account. Same deal on the way back out for USD to AUD, send from Schwab to IB and convert. IB allows one free withdrawal per month and after that it's $10 USD or $15 AUD per withdrawal. You can also probably get around Schwab's $25k USD min deposit by not buying/selling the same stock on the same day (you'll get flagged as a 'pattern day trader') so buying and holding with an amount under that could be safe. If this works then this is probably the ultimate method for any amount as you can get the $0 brokerage and no inactivity fee from Schwab while avoiding their deposit minimum and get the best fx rate from IB. You'll just have to pay $15 USD on the way out. I think I'll test this sometime soon once I create a Charles Schwab account, currently having troubles as I stopped halfway through creating one (it timed out) and now it says my ID is taken and there seems to be no way to resume the incomplete account. + +So yeah seeing how much of a hassle it is, I just went with IB for the moment. The inactivity fee is waived for the first three months and if you're under 26 years old it's $3 a month. +Someone asked in the daily thread yesterday how exclusively putting money into RothIRAs, Roth401ks and using the Megabackdoor Roth could cause issues with the Roth conversion ladder. + +I believe that in short it could cause you to run out of basis (contributions + conversions) in your Roth before age 59.5. This would result in you then having to pay an early withdrawal penalty AND Ordinary income tax when you withdraw the earnings from your Roth accounts. + +In other words, you would have to pay ordinary income taxes (+10%) on the growth of funds that you already paid ordinary income tax on, instead of benefitting from LTCG rates. + +Here is an illustrative example. + +&#x200B; + +Consider two people who start roth conversion ladder at 35 to retire at 40. They are able to take withdrawals up to the amount of basis at which point they will owe an early withdrawal penalty if they take out earnings on conversions. + +To start: + +A has $1M in tIRA (zero basis) + +B has $0.8M in Roth ($200k basis) + 200k in tIRA. + +&#x200B; + +They both convert $40k per year from tITA to Roth. + +&#x200B; + +After 5 years, they are ready to start withdrawing $40k per year. + +A now has $200k (plus earnings) in RothIRA with 200k basis, and 800k (plus earnings) in tIRA. A can continue the roth conversion ladder, adding 40k to the basis each year, and then withdraw 40k from the roth without early withdrawal penalty. + +B now has $1M in Roth with $400k in basis, and nothing in tIRA. B can withdraw 40k from Roth per year without early withdrawal penalty (or taxes). B can only make the 40k/yr withdrawal for 10 years before the basis is used up. Then B has to start withdrawing the earnings in the Roth, which will face an early withdrawal penalty in addition to income taxes. + +&#x200B; + +In other words, if you run out of basis for withdrawals from your Roth IRA before age 59.5, you not only face a 10% penalty. But have to pay ordinary income taxes on the earnings on money that was already taxed (so you do not benefit from LTCG rates. + +(Yes, B will probably get enough tIRA growth to fund a sixth conversion in year 6, but let's roll with the simplified assumptions/math above) +I had half of my savings in a Vanguard personal investor account, where I was half-heartedly managing it by somewhat arbitrarily distributing it over ETFs and Bonds that seemed reasonable to me. + +I then got asked if I wanted to use their personal advisor services instead. Because the fees seemed okay (to me, compared to the work I would have to put in), and because of their claim that they manage the money according to pretty rigid principles, I figured I might as well do that. + +Since then I haven't been doing much about it. Is that... risky? It's a lot of money, but I'm not sure how else I would invest it. This part of my savings is supposed to be for "stable" investment. +I almost don’t want to post this because as I wrote, this argument is emotional at the core. People who don’t bother to even read the classic DD dismiss us as a cult, but the reason we aren’t is the logic and reason behind the DD. If we’re a cult, we believe in no god other than evidence. + +Yet, I post it. Why? Because I haven’t seen this argument used in the endless debating about whether or not this is the kill shot. I think it’s a good one that came to me while I was taking a dump at work. + +On to it. Think back to October of last year. The quarterly report was about to come out and DRS was being brought up in the subreddit. The truest of apes (I will admit, I was not in this group) did it back then, based on the writings of Queen Kong. Many others ridiculed them for low limit sale potential (ignoring how easy it is to drive to the nearest ComputerShare center and make limit sales to your heart’s content) and the old technology they use. + +Then the quarterly report comes out. One ape notices a line of text, “Direct Registered Shareholders: 5,000,000”. No company has written their DRS numbers in a quarterly report as far as I know, and I used to read lots of quarterly reports because I’m a fucking loser with no life. + +Point being, they took the whispers and put a loudspeaker on them. It legitimized DRS and now most of us have gone that direction. + +Cohen loves to delight shareholders. Matt Furlong ended the previous two reports with a message of thankfulness and togetherness with retail owners. + +They led us to the land of the guaranteed shares, while those at a broker better hope they have a locate for every short they’re lending. If the shorts all have locates, all good, they will get three shares from every short as the DTCC gives them to the short party to give to their lender. If not, their client will default as they try to buy 3 shares for every share they phantom shorted. Then the broker will default as they try to buy what’s left. + +If you’re in this sub as much as I am, you know the number of shorts without a locate may have began 6 years ago with no limit to its maximum. + +So that’s the idea. It’s based on trust of our company’s leaders. +As my portfolio creeps closer to 100+ equities I’m having a harder and harder time keeping up with my holdings & tracking news and events related to each individual ticker, and find myself missing important events and opportunities to accumulate more shares or to sell. + +&#x200B; + +I have a stressful full time career in medicine and just can't monitor the news 24/7. + +&#x200B; + +How do you keep on top of a multitude of tickers and not miss important events? +This is not GME related directly but with financial meltdown. + +They are changing the "State's security law" to force you to help in case of need or be able to seize goods for the great good. + +[https://elpais.com/espana/2021-07-03/todos-los-mayores-de-edad-podran-ser-movilizados-en-caso-de-crisis.html](https://elpais.com/espana/2021-07-03/todos-los-mayores-de-edad-podran-ser-movilizados-en-caso-de-crisis.html) + +"El deber atañe no solo a todos los ciudadanos sino también a las empresas y entidades jurídicas para que colaboren con las autoridades a la superación de la crisis, mediante una prestación de carácter personal o material. El texto se basa en el artículo 30 de la Constitución, según el cual “los españoles tienen el deber y derecho de defender a España”." + +Translated: +"Duty is not only for individuals but also companies and legal entities to collaborate with authorities to overcome the crisis, making use of personal time or any goods. The text is based in the 30th article of the Constitution, that reads" Spanish people have the right and the duty to defend Spain"." + +Something big is brewing, my wife just came to me with the news and saying that they are changing the narrative. I've been telling her what's coming in the near future for a couple of months and she was skeptical at first but changed learning about the fuckery and now MSM just confirmed what we knew. + +Buy, hold, buckle up and take care guys, things are going to get ugly. +I was waiting until I finally signed all the paperwork and the salary offer to post this, but I just accepted a management job that will pay over 50k plus bonuses! I have NEVER made that much. I'm sort of in shock. + +Just as some background, I grew up without a lot of money. My parents made good money but there were 6 of us kids and my mother was a shopaholic and bad with money. We never went on vacations, and they were always worried about losing the house. I'm now 30 and married, and have had to re-learn how to handle money. Just two years ago we were homeless and living in (often broken down) Jeep. We now have stable housing and two high-mileage but dependable trucks. + +I have been on this subreddit for a while, reading all the advice. I'm putting my paycheck directly into the savings account that we have that has no card attached or way to transfer out. My husband is also moving up in his job this week! When I left my job in December, I was making minimum wage and couldn't physically due the job anymore due to injury. We cut back and learned we could live frugally on my husband's income. And suddenly now, we have this other incredible income and it feels so fake. Like I don't deserve to be making that much even though I know it's not A TON in the grand scheme of things... But I knew I had done jobs similar (kitchen management) and could do the job of someone above me, so I applied and they offered me more than I ever thought of asking for... + +I just needed to share this with people who could see how much of a godsend this was. Thanks for listening! +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! + +If someone is still waiting for stock.it DAO "Crowdsale", it is not going to happen, as far as I understand. Someone has to just take their code, deploy it (there are also scripts to do so), and start the crowdsale! Only then, when "suitable DAO presents itself", will slock.it get engaged. + +In order to first get comfortable with the code, I would suggest creating a few "test" DAOs first: + +1) DAO will unrealistically high funding target and short sale period (few days). People put small amounts of ether in, and it gets refunded. See how that works + +2) DAO will very small funding target, short sale period, so it will surely get funded. Then, a proposal is made to terminate the DAO and return all the ether to the investors. Would this work? I am not sure - will need to look at the code. + +3) DAO that will fund, and then the second DAO is created, and everybody 'flees' to the new DAO, and then the second DAO decides to terminate itself. Testing 'DAO split' functionality + +4) And so on... + +Just a precursor to this - I suffer from a bit of depression and anxiety, I'm spiralling a bit and may delete this post. + +&#x200B; + +So - in December, I bought a flat in large Scottish city. I work in finance and my plan has always been to move to London - the career opportunities are better there for me. My plan was to move to London and rent out the flat in Scotland, as I can't afford anywhere I would want to buy in London, and wouldn't know where to look anyway. I had a windfall, and thought it was time to get on the property ladder. + +Due to internal restructuring, I've been having a pretty shit time at work and plan to start looking for a new job sooner than originally planned. Some of my issues are more suited for relationship advice subreddits (girlfriend having trouble job hunting in current city, is unlikely to want to move without a solid plan), but financially - am I just p\*ssing money away by moving into a house for 3 months before going to rent in London? Is it difficult/possible to convert my (Barclays) mortgage to BTL so soon? + +TL;DR - thinking of moving sooner than planned after house purchase, spiralling slightly due to depression. Advice greatly appreciated. +My mother just came clean to myself and my brother about the amount of money she's got herself into debt on her credit card. £30,000. + +She's in her mid 50's and has been living as a single mother (to my half-brother) for 25 years now, and has racked this up over the past 12 or so, by her estimation, just supporting herself and trying to take care of him as he's been growing up. + +She's always struggled to make ends meet as she's never had jobs that pay fantastically well, and has been primarily concerned with keeping a roof over her and my brother's heads. I've helped out on many occasions with loaning and gifting money to make sure that she has what she needs and can pay her rent. I'm the guarantor on my brother's student accommodation lease, and bought her a laptop for work (self-employed audio typist) and her car, and anything else that I feel that I can be of help with. + +But she's slowly managed to get £30k in the hole on a single credit card and I had no idea as she was too ashamed to mention it, and now I have no clue how to help. I only just discovered this this afternoon, so I'm yet to really investigate what the best option might be to somehow...handle this. There is no way that she will ever re-pay it. She's been apparently 2.5-3k short every year for the past 10-12 years, never mind ever having enough money to get a debt like this down when the minimum repayment is £500+/month that she can no longer service and which is almost as much as her rent. + +Off of the top of my head, entering into an IVC or going bankrupt are the only things that I can think might help...but is that even viable? + +And...is it normal for a bank to lend a single mother with no tangible assets borrow this much money?! I cannot fathom how it's happened. I earn a lot more than my mother, and my credit limit (that I've never been half way to touching, even with purchases that I pay off at the end of the month) is not 1/3 of what she owes. The money is secured against nothing at all but her guilt. It seems like some shady and ultimately misguided practice if she has to enter bankruptcy in the end. + +Any advice greatly appreciated. Apologies is this ^ is all a little 'stream of consciousness'. This has come as a bit of a shock! +TL;DR - Oil isn't anywhere near it's death throes and provides more upside IMO than the broader market + +Edit - And of course, this should not be construed as legitimate financial advice + +I saw a post recently asking why people were long oil given that it's a declining industry. In the spirit of transparency, I am long a few of the more conservatively valued oil stocks (BP, EPD, ENB, KMI, and the broader XLE) which make up about 10% of my actively managed portfolio. + +My belief is that these stocks will outperform over the short- and medium-term periods (I'm looking at 1-5 years). The reason that I am bullish on these stocks and think they will outperform the broader market include: + +1. Demand-side concerns are too bearish +2. Supply-side concerns are being ignored +3. Inflation +4. Multiple expansion vs. contraction + +I think that oil stocks will outperform the broader S&P 500 over the next 5 years by a margin of about 1.7 percentage points (this is total, not the CAGR). This is based on assuming a 7.5% CAGR for the S&P 500 (including all dividends) vs. a 3.5% CAGR in oil stock prices and a 5% dividend reinvested into the S&P 500. + +Edit - What this means is that if I invested $1,000 into the S&P 500 and $1,000 in oil, my forecast is that at the end of 5 years, the S&P 500 investment would be worth about $1,436 and the oil investment would be worth $1,460--so, accounting for inflation, about enough to treat your wife and her boyfriend to Burger King) + +This may not sound like much, but most people don't beat the market most years--in fact, most people do substantially worse. + +&#x200B; + +**Demand-Side Concerns----------------------------------------------** + +I first want to call out that the long-term trend for oil has been an increase in daily consumption around the globe and it is forecasted to recover from the 2020-2022 lulls in consumption over the next few years as the pandemic subsides (hopefully). Oil demand is not in some massive decline ([Global oil demand 2006-2026 | Statista](https://www.statista.com/statistics/271823/daily-global-crude-oil-demand-since-2006/)). + +Additionally, I think that the big "nail-in-the-coffin" for oil is supposed to be the Electric Vehicle (EV). This may be true since about 70% of oil is used for transportation, but I think that people are about a generation off. + +* The EIA doesn't project peak for traditional combustion engines until nearly 2040 ([Electric vehicles projected to make up 31% of the global fleet by 2050 (electrek.co](https://electrek.co/2021/10/26/electric-vehicles-projected-to-make-up-31-of-the-global-fleet-by-2050/)). +* Even sources that are pushing for EV adoption estimate that by 2030, EV sales will only make up 30% of total new car sales ([EV Sales Forecasts – EVAdoption](https://evadoption.com/ev-sales/ev-sales-forecasts/)) + +For my time horizon (1-5 years), I do not see the demand for oil collapsing, rather, I see it growing at a modest pace. Given how short-term markets really are, I don't see a substantive threat in the next five years. + +&#x200B; + +**Supply-side concerns-------------------------------------------------** + +I'm sure that we all remember in 2020 when the Pandemic hit, short-term oil futures were negative because there was nowhere to store it. This led to something interesting: 100 oil companies when bankrupt ([Over 100 oil and gas companies went bankrupt in 2020 (houstonchronicle.com](https://www.houstonchronicle.com/business/energy/article/More-than-100-oil-and-gas-companies-filed-for-15884538.php)) and the number of active rigs collapse ([U.S. oil & gas rigs in use per month 2021 | Statista](https://www.statista.com/statistics/1109332/us-oil-and-gas-rigs-in-use-covid19/)) + +This number is increasing as time goes on, but it is down. The thing to remember is that these things don't just come on-line in a few weeks. The drilling may only take 3-4 weeks, but the entire process can take months or years depending on where in the process you start. This is a rather capital-intensive process, and I don't think we'll see levels approaching prior levels any time soon. + +The other big concern on the supply-side is OPEC (really, we're talking about the Saudis). They want the price of oil to be high enough that it supports their country's budgets, but low enough that they maintain share (keep US drillers from being active--this puts additional pressure on US drillers operating domestically). They can move supply up-and-down to a degree to match demand and any big threats to demand will likely be met with cuts that will maintain prices. + +Note that this is simply me talking out my ass, but my guess is that the Saudis want to drive oil to the $100/barrel mark while they know US producers are still spinning up and then drive it back down to put them out of business. + +&#x200B; + +**Inflation--------------------------------------------------------------------** + +I think oil companies will respond well to inflationary pressures. If inflation spools up, the price will go up, and oil companies will profit. They have an elasticity curve that lets them pass on their costs fully because there is no real substitute for their products. + +&#x200B; + +**Multiple Expansion vs. Contraction----------------------------** + +The S&P 500 currently sits at about 30 whereas the XLE is at 17 ([Group Screener - Valuation sector pe (finviz.com)](https://finviz.com/groups.ashx?g=sector&v=120&o=pe)). Not sure if this is right, but most of my oil stocks have low valuations. Simply put, I don't think there's too much more room for these to go down in a sane market, nor do I suspect that the S&P 500 has a whole lot more to expand. So, I'm expecting there to be some multiple expansion over the next few years as well. + +&#x200B; + +In summary, I think traditional energy is a great investment over the next few years and that the idea that you're guaranteed a capital loss is...silly. + +Often times I hear about people who reach a $1 million net worth yet they don’t feel wealthy or satisfied at all when I believe that this should be viewed as a tremendous accomplishment. Getting to $5 million is impossible if you never reach $1 million. + +I view $1 million as the ticket to true wealth yet many people down play the idea of $1 million. So my question is, at which million did you feel wealthy enough and how did you get there (stocks - what was your strategy, real estate, crypto)? +A year ago today: + +- There were no bitcoin ATMs + +- There were no decentralized asset exchanges for stocks (counterparty, colored coins) + +- There was no decentralized market for goods and services (OpenBazaar) + +- There was no Dark Wallet for bitcoin privacy + +- Three of the largest crypto stock exchanges had just shut down nearly simultaneously, sending crypto-equities into disarray (BTC-GLOBAL, Litecoin Global, Bitfunder). Havelock Investments "relocated" to Panama + +- Apple had zero policy on virtual currencies and would ban bitcoin apps + +- Paypal would ban virtual currency transactions and hadn't made any favorable stance toward them whatsoever + +- Mt. Gox withdrawals were delayed months on end, even as people continued to send fiat and bitcoin to accounts there + +- Prospective miners were still ordering from Butterfly Labs + +- There was no tax guidance for bitcoin or virtual currencies, in the United States, as a large rally in bitcoin price history was beginning + +- Dogecoin did not exist, and by proxy, philanthropic crowdfunding of sports events or .. anything really.. had never happened in cryptocurrency. There literally was no onramp for beginners and there was nothing to really laugh at either + + +just putting things into perspective +Hi everyone, + +I am in the incredibly privileged situation of having more than doubled my salary when switching jobs earlier this year and I now make about £110k a year. While this is amazing for obvious reasons, I'm completely out of my depth since I'd never hoped I'd breach 6 figures any time soon (or ever tbh) and I come from a modest background so I don't really have any idea what I'm doing and can't really ask anyone in my immediate circle for advice. + +This is my current situation: + +* Early 30s +* Partnered, no kids. Partner is on £30k, we pool household money (groceries, bills, date nights, etc...) based on respective earnings but have separate finances otherwise +* £110k base salary - possibility of a bonus but very much not guaranteed +* £85k left on the mortgage, 2 years left on the fix, 1.25% interest rate +* No unsecured debt +* 12 months of super basic living expenses (utilities+groceries+mortgage) in emergency fund +* £14k in a pension (started later than normal as I immigrated to the UK from a country that has good state pension and didn't really occur to me to contribute more than the minimum until a year ago) +* £34k in a S&S ISA 90% global all caps 10% bonds (going down FAST given the current conditions but I trust the process) +* £20k of non emergency fund in cash because I'm an indecisive idiot who can't decide what to do with it without a proper plan + +My Plan: + +* My employer contributes 3% pensionable earnings non-SS to a high fee platform, so I'm paying the minimum 5% in there and then making up the difference to £32k in a SIPP to get to £40k when considering tax. +* Put £20k in my S&S ISA +* Emergency fund in Chase Savings account accruing 1.5% interest +* My current expenses plus an extra 500£ a month (to account for mad inflation and to allow some lifestyle creep given the raise) come to about £23k a year, so per my calculations I would have about £5k in cash left over at the end of the year. If we add the £20k cash I currently have and the possibility of a bonus (10-20% of base) that could be a lot of money left in cash + +The way I see it, my options are: + +* Frontload the pension as much as possible, using up part of my left over pension allowance from previous years (about £106k in total I believe) +* Put it in a GIA and bed and ISA the gains over time +* Overpay the mortgage as much as possible before remortgaging time comes and with it some crazy interest rates +* Blowing it all on booze and dancers (joking... kind of) + +If you've stuck with this ramble so far, first of all thank you very, very much. Secondly, what do you think of the plan? See any obvious faults or inefficiencies? What option should I go for? + +EDIT: omg, thank you all so much for the replies, I didn't think so many people would chip in! You guys are giving me a lot to think about especially re: my long terms plan. I'll need to have a proper sit down and do some strategising. Unfortunately, the booze and dancers options is off the table since the missus has seen the post 🤣 +My original post can be found [HERE](https://www.reddit.com/r/personalfinance/comments/6y3r30/im_a_married_father_of_four_in_norcal_we/). + +**First of all, thank you all for the advice.** It's been incredible and the outpouring of support and encouragement has been unexpected and welcome. I'm sorry if my responses have been few and far between but my inbox was inundated with messages and between work and the kids, it's been next to impossible to stay on top of it all. I promise I read everything though. In fact, the wife and I made lists of the suggestions and had some serious discussions about what things we could implement and how... and realized we're at a breaking point. We spoke to our credit union about debt counseling options (like several of you suggested) and pulled our credit reports, only to discover that debts from back when we lost our home to foreclosure and were evicted and first became homeless are still haunting us and compiling with the current debt we were already aware of. My wife has been crying a lot since we saw it all spelled out on paper. Aside from winning the lottery, our only option at this point appears to be bankruptcy. + +We've always weighed our failures and successes against the theory that "Well, at least we didn't file bankruptcy!" because after numerous layoffs, a foreclosure, an eviction, a repossession, years of homelessness and dealing with medical debts from having a child with long-term health issues I guess it gave us some kind of misleading silver lining. + +So needless to say, the realization that we actually NEED to file bankruptcy has been, well, heartbreaking. Especially for my wife. But we've been reading all the inbox messages together and many of you suggested it and shared your own stories about bankruptcy and how it helped you overcome your own negative circumstances. I can't express enough how much that helped us. Thank you for that. + +So now my request for advice has evolved. How do we start this bankruptcy process? And how can we do it *right* and *affordably*? We've contacted bankruptcy lawyers and so far they all charge around $1,500 and want payment up front... which we will never be able to afford. I found websites that promise discount bankruptcy options, like [http://alliedbankruptcygroup.com](http://alliedbankruptcygroup.com) only to ask about them on r/Bankruptcy and discover it's most likely fraud. Go figure. But that's why I asked before making any moves. Does anyone have any suggestions or recommendations though? I don't even know where to start, I just know that the sooner I get the ball rolling the sooner we can get through it. Thank you again. + +**EDIT:** A lot of people are questioning my previous statement about the costs of benefits deducted from my paychecks (as if I had a reason to pad that number? I don't know!). I'm not totally comfortable providing a print-out of my paycheck, but [this is a screenshot from ADP](http://imgur.com/iDMHwfn). Keep in mind that this is just for my paycheck. My wife brings in another $400 (net) bi-weekly. As I've explained repeatedly: Because both my wife and I are county employees, Calpers determines how much we contribute out of our pay for retirement. We work for a fairly poor county so the entire required cost falls completely on us. Our employer also offers MEC minimal essential medical coverage per the ACA guidelines, which forces us to use their county-provided insurance... despite it being so damn expensive. It's required. Luckily our children still qualify for Medi-Cal. +The parallels are all there + +SEC isn’t looking into it + +Ken is deep in the financial and government circles + +Ken is being perceived as a “darling” in MSM + +$65 billion dollar scam (at the very least this is what we know on paper) + +Paying investors back “returns” that are “amazing” (ponziiiiiiiiiiiiii) + +It’s all one big lie + +Here’s a short video on Madoff, it’s just fucking frightening how similar it all is + +https://youtu.be/5bxmfEuHk8c + +4 year old video, madoff died in 2021 + + +Where the hell are you Gary? SEC? Hello? Anyone? Isn’t this your job? + +Edit: almost forgot the big one: PFOF + +Edit 2: whoever cares, the video also stated customers wanted $7 billion 🤯 +When Apple was at $700 per share a couple years ago, all the analysts had buy ratings and even higher price targets. Since then, the underlying business of the company has improved, they pay a shit-load of dividends, bought back stock, and weathered what you can arguably claim is a transition period of the company. Not to mention it's emerged with a stronger balance sheet and better fundamentals. + +But when the stock was around $400 per share, with the same underlying business, analysts said the company was an also-ran and recommended not to buy it. And now that it's back to to $650, they can't raise their price targets fast enough. + +Uhhh, shouldn't it have been a buy when it was LOW? Now that the business itself hasn't changed (but rather only the stock price has) but the price has gone up 50% in the past year, isn't it less of a buy? + +Thanks Mr. Market for letting me load up more in the $400s. Efficient Market Theory my ass. +I've been working on an 'Option Finder' for the calculator, which lets you choose an underlying, and the expected stock price and date, to see the top 3 calls or puts by ROI on max-risk. + +&#x200B; + +https://preview.redd.it/dx207kgx3j651.png?width=972&format=png&auto=webp&s=bc7a6690288c603a7832c9390af7d4fedd4cc2b7 + +If anyone is interested to take a look, please check it out. If you see any issues with the results that are suggested, please let me know. + +You can use this link to activate the menu item: + +[https://www.optionsprofitcalculator.com/option-finder.html?email=reddit&c=92c8a026ec704b0ccc6dd606ffbc1471](https://www.optionsprofitcalculator.com/option-finder.html?email=reddit&c=92c8a026ec704b0ccc6dd606ffbc1471) + +Notes: + +* Filters out non-liquid options (this isn't a penny options substitute) +* Currently only finds Long Call or Long Puts. I'm holding off on multi-leg strategy suggestions for now, as the list of different leg permutations gets big real fast. + +As always (if only it didn't have to be so), the estimates are subject to changes in IV, although if your target date is an expiry, the most profitable options tend to be expiring that day anyway, so should be fairly accurate since the option's value will be mostly intrinsic. + +\--- + +Edit: Thanks for all the love, peeps! Since this feature ranks to maximize ROI, it is inherently ignorant of outcomes where the stock does *not* reach the target price. Adding the calculation to view the results matrix is the best way to get a feel for that, then you can adjust the strike according to your appetite for risk. +My family has reached the point where we can retire early if we move to a low or medium cost of living location, and could use help with thinking through how to select. We've written down some of our must haves and nice to haves, but are feeling overwhelmed with the decision. + +So, for those that have gone through this process - either for scenario planning or especially for those that then acted on the decision - how did you arrive at your top choice? Any other details - what factors did you over- or under-estimate, or totally miss - are also very welcome. + +I'm defining medium and low cost of living locations as the bottom three quartiles of the largest 300 American towns when sorted according to the ACCRA cost of living index. We live in a VHCOL location now. We haven't really considered leaving the States - as much as we love to travel, there are enough free variables as it is! + +To be clear, we would like to select a place where we would remain. It's possible that we'll move later, but we don't want that to be part of our plan. + +Thanks! +https://www.wsj.com/articles/schwab-in-bid-for-younger-clients-to-allow-investors-to-buy-and-sell-fractions-of-stocks-11571334424?mod=searchresults&page=1&pos=1 + +Fractional trading coming soon to Schwab +I spoke to Amex last week about potential retention bonuses to keep me from downgrading to Gold, on the basis of the recent news regarding Amex Gold cards getting £120 worth of Deliveroo credits per year (which covers almost all of the £140 annual fee for those who use Deliveroo), and the pandemic likely affecting the use of Amex Platinum travel-related benefits for at least another 6 months. + +The CS rep mentioned the various cashback promotions available, but when I pointed out that these covered barely 1/3 of the cost of the card, they immediately offered me 50,000 MR points (equivalent to c. £250 in cash) as a retention bonus with no questions asked. + +Your experience may vary of course, but imo for Amex Platinum cardholders this is definitely worth raising in a call with Amex! +To be clear not just us as in Superstonk, but retail investors as a whole. By now we’ve all seen the article about “retail investors not behaving as they normally would”. GME, Memestocks, Cript0 etc.. all the bad short positions Wallstreet made haven’t panned out as they hoped. + + +A market crash is what gives them the chance to breathe. This is the moment they normally reap the rewards from theft and reset themselves from a neutral position in cash. + + +You can’t do that if people aren’t selling. Short selling is a time dependent, multipart transaction and your short positions should “blend in the crowd” of sales but you shouldn’t “make up the crowd”. If everyone chooses to be a “bagholder” and the company isn’t run badly you are trapped. + + +When was the last time you experienced a market crash that had months of warning? Were your parents warned in 2008? Were you even warned in the dip we had in 2020? + + +They need the fear of the event to cause the event. But now they’ve tested the market to see the reaction and they’ve found diamond hands in every investments no matter how brilliant or stupid. They will try again, more aggressively. If and when retail refuses to sell, the stock market will normalize yet again. We’re winning. + + +WAGMI and I really do mean, all of us. +If that happens, apes hodling gamestop will be totally fucking fine. If you don't sell, you have nothing to fear. + +&#x200B; + +[https://www.yahoo.com/now/us-10-days-defaults-debt-162711207.html](https://www.yahoo.com/now/us-10-days-defaults-debt-162711207.html) +Good morning everyone, and happy Tuesday! + +*This list is geared towards day trading. With the momentum watchlist especially, I am typically in and out very quickly, only occasionally longer than a few minutes, usually faster scalps.* Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management for your account. + +**Main Watchlist:** + +* Gapping UP: GME, MARA, RIOT, MVIS, UPS, SAVA, CHPT, KOSS +* Gapping DOWN: TSLA, SPLK, SNAP, OCGN, GE, HYFM + +**Momentum Watchlist:** + +1. GMBL (+15%): Up after a price target was announced at $20 by HC Wainwright, couldn’t find any other relevant catalyst. Seeing good price action and decent volume in premarket, I’ll be watching to see if the momentum continues. +2. WIMI (+3%): Up after announcing patent of holographic AR head-mounted display. Seeing okay volume and price action in premarket, but I’ll be looking for things to pick up a bit. +3. FRSX (+8%): Couldn’t find a relevant catalyst. I’ll want to see volume pick up a bit more, as well as some friendlier price action, but it’s holding up at the moment so I’ll keep an eye on it. +4. ALDX (+21%): Up after reporting positive topline results in phase 3 trial of allergic conjuctivitis treatment. Seeing good volume and price action in premarket. Premarket high of 15.37. +5. NTWK (+13%): Up after singing 5-year renewal with tier-one Japanese Automotive customer. Seeing strong volume and price action at the moment, I’ll be watching to see if the momentum continues. Premarket high of 5.58. + +**Market Outlook:** + +Stocks are looking to open a bit higher this morning. SPY looks to open right around ATH levels, trading just over 418. Bitcoin is regaining some traction, and is currently trading right around 55,000. Bitcoin-related stocks are doing well in premarket, as a result. They’ll be worth watching for the rest of the week. Tech stocks are showing strength in premarket, and they could see a strong day if we have a green day in the overall market. Marijuana stocks are also trading higher in premarket, and are worth following for any upcoming marijuana catalysts. Gold and silver are both trading in the green this morning, with crude oil up as well. TSLA gapping down after reporting earnings, I’ll be watching it throughout the day. More big names reporting earnings this week, and I’m excited to watch how the market reacts. Make sure to trade based on technical setups, and not based on your emotions. + +Remember to use proper risk management, by making sure you size appropriately for your account and have a plan for every trade you enter (both for taking profits and cutting losses). Happy trading everyone :) +The NASDAQ is down 22% on the year, and has been in decline since about November last year + +Millionaires are made during bear markets, keep buying the dips on ETFs or any solid companies and you will be rewarded eventually + +don't forget the impatient are transferring their wealth over to the patient :) + +for myself, I will be buying more $SPY than I normally do +Due to the lack of seasonal workers (they can't travel here), farms need help with the upcoming harvests. + +A central scheme is being set up to try and get this organised. It was written about in Farmers Weekly magazine. The website is here: +[Farm harvest jobs](https://hopslaboursolutions.com/seasonal-work/) +[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/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +The IRS's **[Free File](http://www.irs.gov/uac/Free-File:-Do-Your-Federal-Taxes-for-Free)** program allows those with adjusted gross incomes under $62k to use the Free File software for their federal taxes for no charge in a partnership with the [Free File Alliance](http://freefilealliance.org/). Many states also partner with the FFA to offer free state tax returns to those that qualify, and some states offer free e-filing for all taxpayers. Tax return processing will begin [January 19, 2016](https://www.irs.gov/uac/Newsroom/2016-Tax-Season-Opens-Jan-19-for-Nations-Taxpayers). + +(*Note: Every taxpayer regardless of income can file for free if you want to fill out the tax forms by hand. The free service being provided here is the software back end that does the calculations for you. Tax returns prepared electronically are generally more accurate than those filled out by hand, reducing processing time and the potential for penalties that result from errors in your filing.*) + +###What can you do in January to prepare for tax season? + +* Finish up any IRA contributions for 2015 (you have until April 15, 2016 to make 2015 IRA contributions). + +* Look up the schedules your various financial institutions are planning on issuing your documentation (1099s, etc) so you can watch for them. Ask your employer when you will receive your W-2. + +* If you are considering professional tax preparation and haven't done so before (or are switching preparers), now is the time to be asking around to find a tax preparer. If you have an established relationship, it's always nice to reach out to say you will/will not be going with the same person again. + +* I'm sure you'll have ideas as well, leave them in the comments. + +*** + +Links to state tax portals are below: + +Alabama - Free e-filing: http://revenue.alabama.gov/eservices/mat-signup-help.cfm + +Alaska - No state income tax. + +Arizona - Partners with several major tax software providers: http://www.azdor.gov/EServices/Individuals.aspx + +Arkansas - Partners with several major tax software providers: http://www.dfa.arkansas.gov/offices/incomeTax/eFile/Pages/freeFileProgram.aspx + +California - Free filing through CalFile: https://www.ftb.ca.gov/online/calfile/index.asp?WT.mc_id=EfileOptions_Feature_CalFile_Start + +Colorado - Free filing through Revenue Online: https://www.colorado.gov/revenueonline/_/ + +Connecticut - Free e-filing through the Taxpayer Services Center: https://drsindtax.ct.gov/AUT/welcomeindividual.aspx + +Delaware - Online filing: http://www.revenue.delaware.gov/pit_onlinefiling.shtml + +District of Columbia - Free e-filing through the Taxpayer Services Center: https://www.taxpayerservicecenter.com/individual/Ind_Logon.jsp?type=100 + +Florida - No state income tax. + +Georgia - Partners with several major tax software providers: http://dor.georgia.gov/free-file-alliance + +Hawaii - Free e-filing (fee to make a payment): http://tax.hawaii.gov/eservices/efile/ + +Idaho - Free e-filing for qualifying taxpayers: http://tax.idaho.gov/i-1020.cfm + +Illinois - Free e-filing: http://www.revenue.state.il.us/MyTax/IL-1040.htm + +Indiana - Free e-filing for qualifying taxpayers: http://www.in.gov/dor/4740.htm + +Iowa - Free e-filing for qualifying taxpayers: https://tax.iowa.gov/individual-income-tax-electronic-filing-options + +Kansas - Free e-filing: http://www.ksrevenue.org/iiwebfile.html + +Kentucky - E-filing: http://revenue.ky.gov/etax.htm + +Louisiana - Free e-filing: http://revenue.louisiana.gov/EServices/LouisianaFileOnline + +Maine - Free iFile: http://www.maine.gov/revenue/netfile/IFileDesc.htm + +Maryland - Free iFile: https://interactive.marylandtaxes.com/Individuals/iFile_ChooseForm/default.asp + +Massachusetts - WebFile: https://wfb.dor.state.ma.us/webfile/wsi/ + +Michigan - Free e-filing for qualifying taxpayers: http://www.michigan.gov/taxes/0,4676,7-238-44070_46640-288774--,00.html + +Minnesota - Free e-filing for qualifying taxpayers: http://www.revenue.state.mn.us/individuals/individ_income/Pages/Online_Filing_Software.aspx + +Mississippi - Partners with several major tax software providers: http://www.dor.ms.gov/taxareas/individ/efiling/developers.html + +Missouri - Partners with several major tax software providers: http://dor.mo.gov/personal/electronic.php + +Montana - e-filing through the Taxpayer Access Point: https://tap.dor.mt.gov/_/#2 + +Nebraska - Free NebFile: http://www.revenue.nebraska.gov/electron/ind_e-file.html + +Nevada - No state income tax. + +New Hampshire - No state income tax. + +New Jersey - Free NJWebFile: http://www.state.nj.us/treasury/taxation/pcfile/njwebfile.shtml + +New Mexico - e-filing through the Taxpayer Access Point: https://tap.state.nm.us/tap/_/ + +New York - Free e-filing for qualifying taxpayers: http://www.tax.ny.gov/pit/efile/default.htm + +North Carolina - Free e-filing for qualifying taxpayers: http://www.dornc.com/electronic/e-file.html + +North Dakota - Free e-filing for qualifying taxpayers: http://www.nd.gov/tax/indincome/elecfiling/ + +Ohio - Free e-filing: http://www.tax.ohio.gov/ohio_individual/individual/filefaster.aspx + +Oklahoma - Free e-filing for qualifying taxpayers: https://www.ok.gov/tax/Individuals/Income_Tax/E-File_Options/Free_File/ + +Oregon - Free e-filing for qualifying taxpayers: http://www.oregon.gov/DOR/programs/individuals/Pages/individuals-e-filing.aspx + +Pennsylvania - Free e-filing for qualifying taxpayers: http://www.revenue.pa.gov/OnlineServices/PersonalIncomeTaxe-Services/Pages/File-My-Taxes-(PA-e-File).aspx#.VHSUtVXF_Iw + +Rhode Island - Partners with several major tax software providers: http://www.tax.ri.gov/misc/efile.php + +South Carolina - Partners with several major tax software providers: http://www.sctax.org/Electronic+Services/FastFile/default.htm + +South Dakota - No state income tax. + +Tennessee - No state income tax. + +Texas - No state income tax. + +Utah - e-filing through the Taxpayer Access Point: https://tap.tax.utah.gov/TaxExpress/_/ + +Vermont - Partners with several major tax software providers: http://www.state.vt.us/tax/eservices.shtml + +Virginia - Partners with several major tax software providers: http://www.tax.virginia.gov/site.cfm?alias=freefile + +Washington - No state income tax. + +West Virginia - Partners with several major tax software providers: http://tax.wv.gov/Individuals/ElectronicFiling/Pages/FreeFileOptions.aspx + +Wisconsin - e-filing through WI efile: https://www.revenue.wi.gov/wi_efile/ + +Wyoming - No state income tax. + +DPZ has a return of 98 percent in the last 5 years, higher than the s&p 500's 66 percent. The dividend yield is 1.03, but they has been increasing it by around 15 cents every year, for almost ten years. The reason why the dividend yield is low, is because the value of the company has been increasing. They still have room to expand, and add more locations. +Hello everyone, + +I’ve basically been working on trying to build a monthly income from high yielding monthly paying dividends and just wanted some clarification on workings and whether the below would work. + +I have downloaded a spreadsheet of all the monthly dividend paying companies, and work out the best value for money based on dividend yield and price. + +Appreciate there will be some price differences between the below and current as this was put together some time ago. I also understand that dividend payments can change and price fluctuations could effect income and P/L. I also understand that using this method may not draw out the ‘best’ companies. + +OXSQ - $4.65 - 9% Yield ($0.04 Monthly) - $13,953 - 3001 Shares +PBA - $28.54 - 6.9% Yield ($0.22 Monthly)- $15,599 - 547 Shares +PFLT - $11.98 - 9.5% Yield ($0.09 Monthly) - $15,914 - 1328 Shares +PSEC - $7.81 - 9.2% Yield ($0.057 Monthly) - $16,388 - 2098 Shares +AGNC - $16.89 - 8.5% Yield ($0.115 Monthly) - $17,551 - 1039 Shares +DX - $18.97 - 8.5% Yield ($0.128 Monthly) - $17,805 - 939 Shares + +So does this mean for roughly $97,000 I can get paid roughly $720 per month? + +**I’m from the UK so it basically translates to £71k for roughly £570 per month.** + +The plan is to slowly build the portfolio, one stock at a time achieving the total number of shares to provide roughly £100pm, reinvesting the dividends as I go. I will eventually (if achieved) continue to add more ‘secure companies’ paying monthly/quarterly dividends stocks (AT&T Etc). + +Just wanted to know peoples thoughts, risks, advantages / disadvantages and whether this would be feasible. + +Thanks! +Wow - TRowe absolutely tanking , under $120 a share which according to my calculations put it at a 4% yield. Too good to pass up or is there something I’m missing ? +I have been looking to add MO but I’m not sure how to feel about the future of cigarettes and also considering VZ. If someone know something that could help me to make a better decision it would be appreciated. +First time dividend investor here. I want to expose 30% of my portfolio (Around 5000$) to dividend stocks or ETF's. During my research I found these two ETF's, VYM and SCHD to be pretty similar. Should I go for either one of those or include both of them in equal ratio? Or am I missing an obvious difference between the two? Thank you in advance. +There are some posts going around that the SuperBowl ads will start the next bull run. So here is some history. + +The 2000 SuperBowl was known as the DotCom SuperBowl - it marked the spectacular top and was followed by the crash of the entire dotcom market, sinking many of the companies that advertised there. + +https://en.wikipedia.org/wiki/List_of_Super_Bowl_commercials#2000_(XXXIV) + +Some of the infamous companies to advertise in 2000 SuperBowl include AutoTrader dot com, Britannica, Computer dot com, epidemic dot com, hotjobs dot com, MicroStrategy, OnMoney dot com, pets dot com etc. + +Many of these companies died or ended up being acquired on the cheap by bigger entities. Even the ones that survived like MicroStrategy went through a 90% correction in asset price and had multiple decades before even beginning to recover in price. MSTR is still below its 2000 highs. + +The Nasdaq took 14 years, from 2000 to 2014 to recover to the same levels as the 2000 tops. + +SuperBowl advertisements dont mean jack shit. + +“History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain. +I'm single with 3 great kids. I have two daughters ( 12 & 5) and a son ( 7 ). Financially I'm living paycheck to paycheck with my job paying me $10.00 an hour. I'm separated from my husband and he does help out some but most of my money goes towards basic needs. Then of course with no savings I'm in an even deeper mess with an expensive car repair last week. I start school in January so in the future my kids and I won't have to struggle so much. It saddens me to know without help from my grandparents we would probably be homeless. + +That being said..of course my kids have made their lists. I shield them from a lot of our struggles. At this point I'm worried I won't be able to get them much at all so knowing they have lists I can't afford is heartbreaking. (The lists aren't outrageous either.) I know Christmas is more than presents but I also remember being a kid excited about what I'd get Christmas morning. + +What I'm hoping for is some advice on things I can do to help my situation? Maybe some organizations I haven't heard of? Just anything I'm pretty desperate. Thank you for even reading this! + +Edit: I don't know if this is needed but I live in South Carolina. Figured it might help when it comes to organizations and help. +We should not swallow this garbage just so we can get taxed by ignorant corrupt fools. + +We pay taxes already. We should be treated no different than stocks and other securities. This is singling out the crypto space because we are not standing together to say NO. + +This bill is filled with so much garbage that it is reprehensible to justify any part of it because we want a little shorter of a stick up our ass. + +This bill will hurt the fabric of our nation from the very fundamental level of freedom of movement, the 4th amendment, the basic cost of goods, jobs at all levels of this industry, and the list goes on and on. + +There is so much garbage, pay offs and useless nonsense in this bill that it staggers the mind how anyone can go along with it once you learn what is in it. +______________________ + +$250 million for reducing truck emissions at ports. - this means signs, $250 million dollars for signs. I work in the industry, that's all this portion is talking about. + +https://twitter.com/Oilfield_Rando/status/1422388204150435857 +____________ + +$2 billion for the EPA because they are an effective agency. Really putting it to those global polluters. + +https://twitter.com/Oilfield_Rando/status/1422048234730627073 +____________ +$14.2 billion for the FCC + +https://twitter.com/Oilfield_Rando/status/1422048234730627073 +____________ +$50 million for Utah, there’s Mitt’s payout + +https://twitter.com/Oilfield_Rando/status/1422044465427107846 +_________ +Selling $87 million barrels of oil from the Stratigic Petroleum Reserve because it's not like we've stopped producing oil or anything. BTW, Oil futures, probably a good bet for the next 5 years. + +https://twitter.com/Oilfield_Rando/status/1422042620503670785 +______ +Studying the safety of limousines is infrastructure + +https://twitter.com/Oilfield_Rando/status/1422027471021617155 +____________ +$50 million for STUDIES on how to tax us more with road usage and per-mile fees. + +https://twitter.com/Oilfield_Rando/status/1422020295783747587 +______ +$250 million for an invasive plant species removal program + +https://twitter.com/Oilfield_Rando/status/1422019064273178626 +_____ + +I will say it's not all bad. there are items like The “Digital Equity Act” which make the internet a right instead of a service. Agit Pi can fuck right off. + +But it simply is not worth the trade off. And we are not coming out better for it. Compromising to this trash is not the way forward. It will not end here. We are nothing more than an ATM to them. + +[I'm gonna let Charles fill in some of the gaps](https://youtu.be/JEF8dwF36qY) + +_____ +Even with bad math, it doesn't pay for itself + +https://twitter.com/SenatorHagerty/status/1423498602454917122?s=19 +Wife lost her job two months ago, we have hit the reserve fund pretty hard and I pulled some money out of investments to keep things flowing. I wrote a check from my investment account and deposited into my regions checking account on 12/24. On 12/27 the money was removed from my investment account, but regions put a hold on the deposit until 1/7 "until the funds clear". The funds have cleared. I need that deposit to cover my mortgage, if I wait until the 7th I will be late...I have never made a late mortgage payment in my life...and this is causing me a bunch of stress. The funds have cleared...regions has my money hostage! Is there anything I can do to move this along more quickly? I posted my issue to twitter, and the bank responded...but they refused to do anything. + +Help? + +EDIT: First, thank you /r/personalfinance, your response has been awesome!!! + +Next, I wanted to add that I spent several hours on the phone yesterday trying to get the bank to release the hold before I posed here or twitter...my original post didn't really make it clear that I had tried the usual channels first...lol + +Finally, I went to my local branch at lunch...and the Branch manager had the day off. (Sigh). Oh well...thanks to you guys I know I'll get my money in a few days, and my mortgage company doesn't consider a payment late until the 15th, so I don't need to sweat that. + +I started moving my money to a local credit union today, but it will be a few days before I can close the old accounts completely. + +...and I'll DEFINITELY be taking advantage of ACH from here forward...lol. + +Thanks again everybody...you people are awesome! +https://finance.yahoo.com/news/impossible-foods-beyond-meat-meatless-plant-based-burgers-120546838.html + + +“Our company is completely based on science and research,” he told Yahoo Finance in a new interview. “When I founded the company, the most important scientific problem in the world at the time, and still, is understanding what makes meat delicious and crave-able to consumers.” + + +While there are concerns that the burgers are overprocessed because they’re literally created from a test tube, most mass produced animal-based meats are highly processed, as well. Brown himself stopped eating meat more than 45 years ago and adopted an entirely plant-based diet 15 years ago. + + +“The sodium level may be higher than beef from a cow. But if you're on a sodium-restricted diet, you'd have to eat six Impossible Burgers just to get to the level that a person on a limited sodium diet can tolerate. So it is not a high sodium product. It's kind of like, [one kind of] chewing gum may be higher sodium than [another] chewing gum. But it doesn't matter, because both of them are very low,” he explained in an interview with Yahoo Finance. +Hi All, + +Someone mentioned here that when you start a new job you shouldn’t tell employer that you have existing HECS debt so that they won’t withhold the required amount. Instead you can just keep those extra money in your savings and earn interest and pay they required amount at tax time. + +Has someone done it? Can this strategy backfire as potentially it can increase your debt indexation or whatever? Are you actually required to tell employer you have HECS or is it non of their business? Is there anything illegal about it from the tax perspective? + +It would be nice to have access to that extra money that you can use for a year and only pay it at the end.. +Posted with mods permission. Was originally posted at r/ausstocks + +A few months ago [I was asking](https://www.reddit.com/r/ausstocks/comments/9o88up/site_for_finding_correlated_stocks_on_the_asx/) for good sites for finding correlated stocks on the ASX. Unfortunately at that time there did not appear to be any good free resources available. + +Because of this I set about making my own set of tools to analyse ASX correlations and now I've decided to share them all as a free website: +www.asxcorrelations.com + +Just type the ASX stock ticker you want to investigate into the search bar at the top right and it will calculate its top positively and negatively correlated instruments and also the least correlated. Also if you want to check how correlated your portfolio is you can generate a heatmap of your portfolio's correlations. + +Hope you all find this useful and are able to use it to better diversify your assets. Please feel free to contact me with any feedback, bug reports and feature suggestions. + +Best wishes. + +**Edit1:** Thanks everyone for taking the time to give feedback. Just a heads up, I made a little mistake and have used the raw daily close data to calculate the correlations instead of first converting the series into "% change" data. As a consequence you might find there are some odd results every now and then, especially with microcap companies. I should have this fixed by Monday. + +**Edit2:** Site has been updated to use % change as the calculation metric and erroneous correlations are no longer present. +Posted with mods permission. Was originally posted at r/ausstocks + +A few months ago [I was asking](https://www.reddit.com/r/ausstocks/comments/9o88up/site_for_finding_correlated_stocks_on_the_asx/) for good sites for finding correlated stocks on the ASX. Unfortunately at that time there did not appear to be any good free resources available. + +Because of this I set about making my own set of tools to analyse ASX correlations and now I've decided to share them all as a free website: +www.asxcorrelations.com + +Just type the ASX stock ticker you want to investigate into the search bar at the top right and it will calculate its top positively and negatively correlated instruments and also the least correlated. Also if you want to check how correlated your portfolio is you can generate a heatmap of your portfolio's correlations. + +Hope you all find this useful and are able to use it to better diversify your assets. Please feel free to contact me with any feedback, bug reports and feature suggestions. + +Best wishes. + +**Edit1:** Thanks everyone for taking the time to give feedback. Just a heads up, I made a little mistake and have used the raw daily close data to calculate the correlations instead of first converting the series into "% change" data. As a consequence you might find there are some odd results every now and then, especially with microcap companies. I should have this fixed by Monday. + +**Edit2:** Site has been updated to use % change as the calculation metric and erroneous correlations are no longer present. +I've been investing for a couple years now but I'm starting to look into options trading now and I don't believe how "easy" selling puts seems. If I was to sell 50 contract puts waaaaay in the money, (low strike/premium price) at the same time for an expiration date a couple days away is it really just that simple to collect the money on expiration? I for whatever reason cannot fathom all you have to do is buy a Contract (or 50), wait for the expiration, and keep your premium +I got some deep in the money calls that expire in March of next year. 3 contracts at $12 and 2 and $13. I am up 200% on average across the lot (I got in right before earnings last month and it has rocketed since). + +I am considering exercising these now to do the following:1 - Sell CCs on the lot at a $22 strike (if i get assigned at $22 I'm OK with it) or roll up/out + +2- Potentially collect the dividend along the way + +&#x200B; + +My overall goal is to start peeling some cash out of these gains. Any dissenting opinions on why should just hold the LEAP? + +&#x200B; + +&#x200B; + +&#x200B; + +EDIT: + +Fun convo on this, thanks folks! I sold my F calls today cause I'm a little wiener boy, but I'll take my gains and go back to PFE CSPs where I belong :/ + +&#x200B; + +p0rn: + +https://preview.redd.it/xh7pdzdizmx71.jpg?width=2400&format=pjpg&auto=webp&s=248adb4f6f63fe6b70974babc2aa67b7feacc0b3 +My wife and I have lived in our home for 4.5 years and plan to move closer to family and work. The house was a rental before we bought it and moved into it. We're considering (well, I am - she might need some convincing) turning it back into a rental home because I think the numbers would probably work out. We're going to live with my parents for a while until we find another place for ourselves. + +Owning rental properties is very appealing to me but we don't currently own any. I would like to eventually own several. So, what are things we need to consider (taxes, rehab, tenants, etc.) before deciding whether to sell or keep our current home as an income property? Thanks. +I'm considering investing in a self-storage project with a 5 year hold and a 15% IRR, with a minimum of 100k. + +I've listened to The Hands-Off Investor where the author explains it, and I've also watched some videos, but I still don't entirely understand how it's different from cash on cash. + +Can someone give an ELI5? + +(Please no dm's asking me to invest in your company though) +Got into owning rentals in 2016 and my wife and I now have 10 units across 5 properties (mix of multi family and SFH). I also have a full time W-2 job, I'm a Realtor (do ~10 deals per year to people within my circle), and we've gotten into flipping houses the past few years. Each of these 'jobs' are going pretty well, but I'm getting to the point where I can't juggle it all. I've managed my own rentals up until now, but I'm thinking that may be the easiest thing to give up to free up some time. Seems like the best "bang for buck" so I can focus time and energy in other areas. + +I've thought about it before, but always been afraid of taking my hand off the wheel. I think I've found a good local PM and the cost of managing will be offset by the reduction in price from refinancing all of my mortgages at lower rates. + +Wondering if any of you had success (or failure) stories handing over to a PM after managing yourself? Any tips or best practices? Thanks so much in advance! +Sorry if this is the wrong sub for this, would love some opinions on what I should do here. + +I bought a duplex in Denver in March 2022. The parcel is split, so each side carries its own deed and mortgage. I own both sides. I live in one unit and the other has a tenant I inherited who is there until May 2023. + +I bought with the intention to live there long term, but my life plans have suddenly changed and I am moving out of state, so now I’m trying to figure out whether I can keep the properties without losing money. + +I bought my unit for $415k at 3.75% with 5% down. Monthly mortgage PITI is $2112. + +I bought the rental unit for $405k at 4.875% with 25% down. Monthly mortgage PITI is $1804. Tenant is paying $1800/month in rent. + +My realtor told me I could rent my unit for 2300-2500/mo but I had a property management company tell me they would list it at 1850/mo. Not sure who to believe. My own research is showing numbers closer to 1800/mo, which doesn’t even cover the mortgage payment. + +I’m also looking into leaving all my furniture here and renting it furnished mid-term, like corporate housing or airbnb with 30 day minimum (Denver regulations prevent shorter than 30 days). I had one midterm corporate housing company tell me the market in my area is 4100/mo and they’re running at 90% occupancy. Obviously these numbers are amazing but the tradeoff is higher turnover and less certainty in tenant quality. + +As for management, if I was living nearby I’d manage them myself, but since I’ll be out of state, I don’t know if that’s reasonable. And all the advice I read on here says don’t use a property manager because they don’t care as much as I would, which is true. + +I haven’t looked into selling very closely because I hope to keep these properties long term for the appreciation factor and in case I want to move back, which is a non zero likelihood. + +I think those are all the details. How do I navigate this situation? Am I going to go broke trying to rent this place out? Is it a bad idea to self-manage from out of state as a first timer? +Hi. I was doing some research and I came across something called a tax-lien certificate. It seems to be issued when a property owner fails to pay property taxes and an investor can buy the certificate at auction. It said there are situations where it can pay out interest rates of 16% or more. But I was wondering if there are any risks to doing this. And if it’s a good investment compared to index funds or rental properties. Thank you. +Current home is worth about 1.6M. 225K outstanding on the mortgage. It would bring in about 3500 a month rented out. + +If I bought another house and moved into it, it would be about 2M, and I would be able to put down 20% only. + +Q - am I better off selling current home and buying the newer property which will become primary residence? Or rent out current property? + +The numbers honestly don’t make sense - rent is too low for the price of the home - but I don’t have a good mental model around this. + +Thoughts? +Just saw this today and it blew me away. Check out this transaction of 420420.6969, which is about 1.9 millions dollars, being sent back and forth to another wallet about 30 times. + +&#x200B; + +https://preview.redd.it/dljyu0a44dg71.jpg?width=559&format=pjpg&auto=webp&s=3cb09fd3f1d30ad48776ac91f3dbeac2b917ee6c + +Tell me that isn't amazing. Nano works like how people who have never heard of crypto think crypto works. Stuff like micropayments, tipping and even regular retail shopping is futile when there are high fees associated. In my opinion, fee-less transactions are absolutely paramount for wide-spread crypto adoption and for it to be a true cash like equivalent. +I know many folks are retiring where they currently live. It makes sense, you've put down roots. 'Build the life you want' and all that. + +For those of you who intend to move in retirement, what's your criteria for selecting a location? For me, a few things come into play. + +1. Can I get decent internet to a location. Preferably municipal broadband. I know this sounds like a peak nerd concern, but shitty internet has a real impact on my quality of life. +2. The local climate. I refuse to live in a place where people are basically forced to live indoors for half the year to deal with the heat or cold. +3. Cost of living. IMHO the only reason to live in a HCOL location is that you either have all your family and friends there, or you're forced to live there for work. Think Bay Area. If one can work remotely I see no reason to pay extraordinary high costs to live in a HCOL location when one can find M/LCOL locations with a lot of the same amenities. +4. Taxes. Given that I'm going to be converting my traditional accounts to roth accounts I'd appreciate having low taxes while doing so. +5. Close enough to my parents to be able to visit them with a day's drive. +6. Tolerance. It doesn't exactly need to be a liberal bastion, but at least a place where people can 'live and let live'. Unfortunately this disqualifies some LCOL locations. +7. A decent hospital within a 30 minute drive. + +If you've made a similar calculus what are your criteria? +If you use Coin Base and are a new user, I highly suggest you withdare all your coins into a mobile app for your selected crypto. Coin Base has been manipulating prices and users for years before everyone just realized it. 7 days to clear crypto is horrible, and 100% exactly what us crypto currencies traders hate and despise the most. Bitcoin at its core, has never been expected to rise like this, but now you see how bitcoin banks like Coin Base are takingredients it's users for the same ride Banks take their users for and still do. Bitcoin was always a hold, save, spend when you need to and avoid bad lending practice that cause a shit storm and screw millions of people, out of a job or displaced from their house. + +Use Bitcoin, understand it now as a get rich quick scheme, it's not. And the higher the prices go the more people say they will sell all they have for a predisposed and predicted value only make fewer and fewer 1000 BTC coin holders. As the price tests new highs, more and more sizable traders sell out, the more independent the chain get, assuming that the Bitcoin are being divide upon being sold. + +Buy a Trezor, use is. Store your newly acquired there. And if anyone can sight the following quote your already ahead of most people. + +"Amass great wealth, but attach yourself to nothing. Be prepared to destroy everything you own. Program your mind. Program reality..." +I am writing this post because I am very concerned that we will not be able to vote in time and that our broker will take away our right to vote. I've got a huge diversification of Brokers, so no worries about that. Nevertheless we have to take care of our shareholders rights. + + +No more support for TradeRepublic! +https://imgur.com/a/nTiVGuv + + +They haven't answered one single mail regarding voting after we got our Confirmation of shares, which is worthless.. a lot of users mentioned the broker has to provide control number + + +http://imgur.com/a/We4NRmQ + +So let's get through this. + + +Therefore, here are some information: + +#Email: service@traderepublic.com +#[Twitter](https://twitter.com/TradeRepublicDE?s=09): @TradeRepublicDE +#Website: https://www.traderepublic.com/ + + +Many of us have also contacted the Financial Supervisory Authority (BaFin) and written some questionable articles on the subject. So far, however, without any feedback. + + + +So let's paint the town red and get loud on social media. Here are some examples of my attempts: +* [Tweet](https://twitter.com/LuBrooo/status/1398501674633863169?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1393999210165510155?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1399258434843955203?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1398686024566444033?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1398237608858243072?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1397860356354097152?s=19) + + +I'm happy to be part of such a strong and helpful community. Let's get shit done. + +EDIT1: +AS u/Floo433 stated: + +>English translation of their mail from Friday (Mai 28th): + +>Hello Ape, + +>regarding ordering voting cards from GameStop Corp. we have received new information. + +>Contrary to the original information, the voting cards are issued in your case directly via GameStop Corp. instead. To get a voting card, you have to contact the Investor Relations department of GameStop Corp. whose contact details can be found on the website https://investor.gamestop.com/home. + +>To apply for the voting card at GameStop Corp. You need an inventory confirmation for the record date, April 15, 2021. In this case we will issue these to you free of charge. Please reply to this email to receive your inventory confirmation. With this confirmation you can contact the company directly at investorrelations@gamestop.com to order a voting card. + +>Please note here too that participation cannot be guaranteed with the confirmation, but depends on the company. + +EDIT2: credits to u/DarthMacintosh for the picture. ❤️ + +EDIT3: I just saw that our hero u/HeyItsPixeL just tweeted as well [here](https://twitter.com/heyitspixel69/status/1399723898250444816?s=19). Awesome, thanks a lot! +So after all the drama with hedge funds over the last eight months or so, I thought to myself it would be really interesting to see what working for a hedge fund was actually like. + +So I applied for a job at one of the big ones. I got the job right away, which was kinda suprising given my questionable trading knowlege and history. All I had to do was to take a simple aptitude test that checked my mental health, visionary goals and outlook on life and passed it with flying colours. Who knew? + +Anyway my first day came along and I was expecting the hedge fund to be an absolute boiler room of testostorone, swearing, crazy money and cocaine snorted off the buttcracks of hookers. + +Boy was I wrong. + +What an absolutely lovely environment to work in. When you walk in the door they greet you in the most pleasent way i've ever been greeted when entering a company. The butler hands you a lovely hot towel smelling of jasmine before you head to your desk. + +The other trades were so humble, one of them was trading just so that he could pay for his grandmother's medical bills. Another was donating his entire salary to the homeless and living out of the back of his car. He didn't even drive a Lambo as well, it was a 12 year old Honda Civic. + +Every Friday the boss's secretary bakes cupcakes with dollar signs on them and gives them out to everyone in the morning. She's met with praise and admiration from everyone. + +And that's not even the best bit. They do a monthly raffle, where everyone buys tickets for $10k each and the person who wins get to choose which orphanage to give all the money to. + +Were we wrong about hedge funds guys? + +^(Mods please mark this post with the appropriate shitpost flair.) +Todays volume according to Yahoo: 24,533,034: + +[https://finance.yahoo.com/quote/GME/](https://finance.yahoo.com/quote/GME/) + +Average volumes over past 5,20,50 100,and 200 days according to barchart: + +5-day: 80,883,672 + +20-day: 64,272,414 + +50-Day: 32,605,699 + +100-Day: 22,451,066 + +200-Day: 13,404,101 + +[https://www.barchart.com/stocks/quotes/GME/technical-analysis](https://www.barchart.com/stocks/quotes/GME/technical-analysis) + +&#x200B; + +Assuming a high variance thanks to you diamond handed autists todays volume is suspiciously low meaning you glorious retards are holding as needed. If there was a massive selloff actually happening you'd expect todays volume to be somewhere around the 5-20 day average, instead it's about 1/3-1/4 of what that should be. + +Moral of the story: + +&#x200B; + +Diamond Hands are fucking working + +&#x200B; + +Edit: I AM NOT A FINANCIAL ADVISOR I AM A BORED RETARD SNIFFING HIS OWN ASSHOLE +The basics of FIRE calculations, expenses x25 rule, income, expenses, 4% SWR, average market returns, inflation adjustment, etc. all make sense. I recently bought a retail commercial RE property. Grocery-anchored strip mall. (Rounding numbers for ease) I put $2M down on this $8M property. Cap rate 6.5%. Cash flow after fees, cap ex, debt service, etc. will be $10k/month to start. + +My question is how should I be factoring in this property in my FIRE calculations. I’m sure the property will appreciate but I don’t know how to account for that. It’s much easier to say the stock market’s average return is 7%/year so my portfolio will probably track accordingly. But I don’t exactly know how to account for appreciation in comm RE. Similar to stocks, the value of this property is only realized on a sale. I haven’t thought that far ahead but if I end up just keeping this property into my retirement, should I not think of it as an appreciating asset and just say it’s value is $2M (+increasing equity from paying down principal) and just think of the cash flow as extra income? + +Before this purchase, most of my NW was in retirement/taxable accounts in low cost index funds. And that was super easy to track and make projections with. My expenses are X, need Y to retire, my portfolio will take Z years to reach Y; I can retire in Z years. Now need to shift gears. Please help me to frame comm RE from a FIRE perspective. +Hey Everyone - + +I'm struggling with leaving money on the table and losing social status when I retire. + +Not gonna lie, I'm close to FIRE and am realizing that walking away from a job that pays 1M+ a year is not easy. Deep down inside, I just want more money. I don't need it, I'll retire FAT and live in a HCOL area pretty easily. + +How do folks deal with this ? + +I thought about two things: + +\- Look into a temp leave / sabbatical for a few months and see how I adjust + +\- Look into getting on the board of company or two so I can still do work in temporary manner + +The 2nd option I believe will require a good bit of networking and I'm researching ways people do this right now. I'm sure of you have done this - fwiw, my background is product/engineering team leadership. + +Any articles / books on this topic? Any insight folks can provide +I'm thinking about how to position myself for a high inflation and rising interest rates environment. My current thesis is this: + +- Rising interest rates, and thereby a rising risk-free rate, are going to compress multiples in the broad stock market. This makes investing in broad index ETFs less attractive as in the past decade, as the returns are likely low if not negative. + +- Bonds are losing value when interest rates rise. Therefore investing in bonds before a period of rising rates is not advisable + +- Cash loses value quickly due to high inflation + +Therefore, I see two possible options for positioning myself: + +1. Investing into different markets outside of EU/US where the environment might be different + +2. Going overweight into banking sector ETFs. Banks profit from rising interest rates and could come out on top in such an environment. However, if the rising rates lead to a general market sell of and/or a recession the bank stocks might also lose value. + +Of course, the whole thesis builds on the assumption that interest rates will be rising for some time and inflation does not magically go away when supply chain issues are resolved. + +What are your thoughts on this? Am I going wrong somewhere? +I've had $10k invested for 3 years now with a pretty normal 70-30 allocation. And the returns are around $400 total. This seems quite subpar. Just the dividends alone have totaled over $600 which means the portfolio is actually under loss, right? What am I missing here? Every online media outlet/investing website seems to have a 5* rating for this company. +EDIT: Not exactly 3 years, but close enough. The sample size is large enough to warrant my concern I think. +Someone asked for specifics. Here's the allocation and performance: http://imgur.com/a/zDKms +I'm a scientist and this is a brain dump of what I've read in scientific articles and books. + +There's papers in game theory (that I cannot be bothered to find, sorry is Saturday and I'm still in my PJs) which have found that there are always some that cheat. + +Paperhanders=freeriders=cheats + +Part one: game theory and freeriders + +It's advantageous for some people to cheat, but if everyone cheats the system breaks down (see 2008 crash and the current naked short selling crisis!), And there's work in evolutionary biology suggesting that a certain percentage will cheat. There have been freeriders since we were bacteria! + +Now this is why in game theory, a group of humans will take the less advantageous position for them purely to punish cheaters. See also the concept of fair play, being sporting, not being an arsehole, and rules for behavior in every major religion, etc + +Paper hands will rise on our work and paperhand out some of their shares to cover their bet, which is cheating, and we can't punish their behaviour cos we don't know who they are. (And if we could punish them we'd now be guilty of collusion, there's DD about that). + + But humans often behave how they behave even when there isn't a mechanism to catch them, largely cos the cognitive load of checking for such a mechanism is too high (in non psychology terms, we're too lazy to check how we might get caught that it's often easier to obey the rules). So most people won't paperhand. We'd feel we were letting the community down, and we've spent our lives in communities where we don't let them down as we don't want to be known as the arsehole. + +But by paperhanding, they reduce their risk, but also their potential profit. If you've only bet what you can afford to lose and you're commited to this bet, then you don't need to reduce your risk. + +Anyway, there will be paperhanders because some humans will always do it (perhaps because of selection pressures), but most Humans won't do it. + +A minorty are freeriders? Always have been. Earth 🌎 astronaut gun. + +Addendum: our actions make evolutionary psychology sense, we're punishing the cheaters, the hedge funds doing the naked short selling that is cheating, and it makes socialogical sense as if we don't punish the cheaters, the system collapses and we're all hurt. This is why we're confusing the hedges we are literally following a different evolutionary strategy to them! + +Part 2: Nash equilibrium (Google it or watch A Beautiful Mind). + +Ok a Nash equilibrium is where a group takes the less than optimum option for themselves for the group to get the optimum option. + +I.e. if you paperhand some shares on the way up, you reduce your risk and can still make out on the backs of others (freerider!) +But if everyone does it, no squeeze. + +But if we all go for a Nash equilibrium, we all take the risk on the way up, we all make out better. + +John Nash won the Nobel prize in economics for this. + +So yeh, a Nash equilibrium is what we want. + +Part 3: combining part 2 and 3 + +The optimum for the group is a Nash equilibrium. But there have been freeriders since time immemorial. But if the majority go for a Nash Equilibrium +Literally 💎 ✋ +Even if there are freeloaders (paper ✋) +It will squeeze. (Not necessarily as much as it could, but nothing in life is perfect) + +Why? Cos human progress has not been completely retarded by freeloaders before, and we have socialogical and psychological training in how to deal with this. +Push the community, +Literally APES TOGETHER STRONG +Push the Nash Equilibrium solution +Appeal to greed by explaining selling on the way down +Push the description of hedges as cheaters + +Because I'm too lazy to find said research, I'm going to pick a number out of my arse and say I'm expecting 10% paperhanding. (You could get 20%if you like Pareto stats). + +NB. Don't be offended, Humans are 'lazy' cognitively cos it's costs a lot of energy to run our big brains and there's only so many bananas, so we look for shortcuts. Without that, we'd never have invented the wheel or computer programming. + +Some papers +https://www.ncbi.nlm.nih.gov/pmc/articles/PMC137873/ +https://royalsocietypublishing.org/doi/10.1098/rsif.2016.0967 +Google Nash equilibrium, game theory+free riders + +Edit: TLDR: +There will always be a small percentage of cheaters, but they won't stop the squeeze because it's a small percentage and the freeloaders haven't managed to retaed human progress completely thus far. Pushing the community naritive is the best way to stop potential fomoing in paperhanders. But I've been to lazy to find all the articles for you. soz. + +TLDR of the tldr + 💎✋+ Apes together strong = 🚀🚀🚀🚀🌚 + +(Sorry for bad writing am on my phone and have fat fingers) +So devastated, ordered $18 worth of food (2 pizzas with 5.99 each coupon and 16 bread bites in hopes it'd last multiple days) for Delivery from Domino's and attempted to tip $2.3, but accidentally put in $23. Hit the back button a bunch of times while the processing screen was up after i submitted the order, of course to no avail. $20 extra charge on my credit card I didn't need +Hello everyone, Since my very fist buy in GME the Market lvl 2 was really weird and still acting weird, And it's getting weirder when it comes to GameStop Stock. + +https://preview.redd.it/z4kzefz9g1871.png?width=1080&format=png&auto=webp&s=4fd011ee52689cb6200c8d8119d45ea20cd9bd01 + +&#x200B; + +https://preview.redd.it/36sz1sjcg1871.png?width=1080&format=png&auto=webp&s=54d50dcaecdc93f5f5162c27b5e3154372b166e9 + +&#x200B; + +https://preview.redd.it/xizxq8jdg1871.png?width=1080&format=png&auto=webp&s=deed7620fb495ba257ea0b1ba04f11b6768ecc05 + +Look at the names of these buyers and sellers, Not only NSDQ exchange will offer you shares, but also another a lot of MM can do the job! Nice right! + +MM or any exchange in fact cannot create shares, but they offer you what they have, For example, if you're a client in NSDQ and you sell your shares there, NSDQ will offer your shares to another buyer, and MM do the same exactly, + +The different is MM they have pool of shares of almost every stock, sometimes they increase their stakes, And sometimes they decrease their stacks depend how they balance their portfolio. + +Now, if you're a client in Goldman Sachs and you're welling to buy shares, GCMI will offer you the shares that you're welling to buy, so if you you wanna buy 5 shares of XYZ stocks it will appear as 5 XYZ: GCMI, that means Goldman Sachs bought 5 shares to you. this is the best example so far, + +So if you understand the buy operation great, read this>> When you buy from MM any share you don't have to expect they are selling or buying you at the right fare, in fact you're buying from their pool and they haveto apply a spread, and that spread shows the operation is fresh and clear. + +Matching the spread: for example you buy 5 XYZ from GCMI at 200.0, GCMI might buy it for you ( in case they don't have shares in their pool ) at 195.20 and sell it to you as 200.00 + the spread. It's just an example and I don't mean really Goldman sachs, the famous brokers are eToro, RH and all free and discount brokers are doing the same. so These MM they work with these brokers, in fact your broker isn't buying and selling from Nasdaq or NYSE, that's why most of our orders won't appear in MBO. + +Now the question is, if these pool are bought or just dried up, What do you expect from MM gonna do? well, they have 2 choices, or refill their pools and keep buying shares for their clients. But if they decided to refill their pool, there will be massive buying volume in the stock which will lead to increase in price and spread which it's very unlikely in GME case, because the float is low and price is high, if MM really did that dumb they will create a massive increase in the price which it might lead to margin call to their partners which will lead to another increase in price ..etc this action will create the reall MOASS. + +Now let's talk about the MOASS... + +GME has being played by many MMs, MMs are connected to each other, unlike retail traders. seriously, MMs they loan each other everyday in order to keep the market calm as they want, so if 2 MMs are against each other the game is different. someone is gonna annex the other, but also they are teams and as I mentioned they're connected to each other somehow. + +I will give you names of the SHF teams and you decide by your self. + +https://preview.redd.it/4kdbi92cm1871.png?width=1920&format=png&auto=webp&s=3a4ca67a4fbc3e17957a4ab8fceacbde425c9b8b + +&#x200B; + +https://preview.redd.it/l4pr2l5dm1871.png?width=1920&format=png&auto=webp&s=8769f8916566468db54bb2570314ece26d62e955 + +As they known as ETMM THEY ARE MM + +&#x200B; + +https://preview.redd.it/3374d1c2n1871.png?width=1920&format=png&auto=webp&s=4c27375e7c927b174f8e9fa7ec1e6ff8cc3bf7f1 + +https://preview.redd.it/z67923c2n1871.png?width=1920&format=png&auto=webp&s=f674361fdbdbd2f0428d6a8541449e4aba2878aa + +As they known as FLTG and they're NASDAQ Participant FUND + +&#x200B; + +https://preview.redd.it/qtoxy8d9n1871.png?width=1920&format=png&auto=webp&s=aea0da781109ad48dcfbb3507b1640492542d8b3 + +https://preview.redd.it/7h6ch9d9n1871.png?width=1920&format=png&auto=webp&s=b244a2de5496ddd9427b8cadc1ade25c247ad195 + +As they known as SUSS and THEY ARE Miscellaneous FUND + +&#x200B; + +https://preview.redd.it/9if3tvuln1871.png?width=1920&format=png&auto=webp&s=805d264b89dcafeafb40d653f598448f6c02ea76 + +They're the same... + +&#x200B; + +https://preview.redd.it/p9xuc66pn1871.png?width=1920&format=png&auto=webp&s=bec906f06aeea1081143b3d607ebbabee46e0f0b + +https://preview.redd.it/0uquzg5pn1871.png?width=1920&format=png&auto=webp&s=5da1e28168eaf586a0e72f93be84454c003897e2 + +As known as SGAS and THEY'RE A NASDAQ Participant + +&#x200B; + +https://preview.redd.it/s1rao78wn1871.png?width=1920&format=png&auto=webp&s=a6d89f61a2c2af7a720a52a4a86e1b12e4b67bdd + +https://preview.redd.it/tc2ke98wn1871.png?width=1920&format=png&auto=webp&s=d09571e90e92946336ffa4d1215cb41fc2fb4530 + +As they known as IMCC and THEY'RE A NASDAQ Participant + +&#x200B; + +https://preview.redd.it/0966m0u2o1871.png?width=1920&format=png&auto=webp&s=7487e154e3bc81b89ad222de31d7e369513c5c11 + +https://preview.redd.it/ufeuh8t2o1871.png?width=1920&format=png&auto=webp&s=79fdb3608f272cc7dcc4b5885e42c3bbaf5c076c + +And finally our boy who gives us the best discounts Citadel, as knows as CTDL and THEY'RE A NASDAQ Participant . + +All these guys are connected to each other somehow, and Market lvl 2 doesn't lie, I keep seeing meme orders by them as buy and sell, + +SUM IT UP, these boys are buying and selling in between each other every second, the 100 shares you're seeing everytime is being traded thousand time everyday. THIS IS A PRICE MANIPULATION. + +To create a real MOASS the pools must be dried up to prevent 2 things: + +1st Borrow, pools provide borrowable shares everyday. + +2nd: prevent MM to sells or buys you shares at very different rate + +If the buying power remain steady the pools will be dried at some point, if that happen somehow no official report needed, you'll see the spread is increasing too much in NSDQ exchange, and the volatility will be even wider that ever, + +Attention, Volatility is too sensitive, a little sell could make -30% in matter of second but without volume. this you see a Dip without a volume it means this is regular volatility and the price will go up soon, for example: GME current price 200 then dipped to 150 with volume only 200k or less it means there's no real selling and it's a volatility caused by lack of shares. + +Soon or later when we reach this point, SHF won't be able to short because there will be no pool to borrow, and the volatility will work against them, any small buying order will increase the price quickly. + +After this point I think there will be no point but to close the short position and start the MOASS, the escape key is melted the all these connected MM will fall apart one by one + +&#x200B; + +At last; I'm not a financial advisor and this is not an advice, buy at your own research. I just like this stock, and if I'm a financial advisor I'd probably shorting right now (LOL) just a joke. + +Thanks for reading, Ralph was here, Peace and OUT. +Hi FF Community - + +You’ve been so helpful in the past so I come again seeking your wisdom. + +36/F. $12M NW. 70% in market (mostly index funds), 30% in bonds. Live in the US with an annual burn rate of about $180K all in. Two small children currently living in a VHCOL city. + +Husband and I both still work but only because it’s very easy and we could quit/lose our jobs without any problem. Will probably both quit for a couple of years of travel with our kids in the near future. + +We are considering life insurance on one another but then also ask ourselves why? If one of us died, the other would be set for life (honestly if my husband died I’d probably sell $8m worth of our stock to have in cash under the floorboards because I’m always afraid of a crash 😆). I know it’s normally intended to replace income and while we both have income ($600-700k+), we don’t rely on that income. + +I’ve been told by acquaintances with more money than me that they have it because it’s a “sure thing” whereas everything else is volatile …. + +So for those of you with $10M+… +- do you have life insurance? +- why/why not? +- who do you have it through and what’s your monthly payment? +- any other gems are welcome! + +Thank you so much! +Are algorithms that are more complex typically more profitable than simpler algorithms? How simple is too simple? Does Occam's Razor ever hold? I am thinking in terms of conceptual frameworks (hypotheses generation) not just in terms of over fitting. +I am good at vanilla and ML algos.Don’t really know much about algo trading.My language of choice is python.Any recommended primers ? Thanks in advance. +I am good at vanilla and ML algos.Don’t really know much about algo trading.My language of choice is python.Any recommended primers ? Thanks in advance. + The definition of support I'm looking for is : a horizontal line that passes through at least three action points when looking at, let's say, the last 100 days of close prices. I've identified the maxima and minima in the close prices but how do I generate a horizontal line that passes through at least three of the maxima/minima points? +Hi all, + +I am using an LSTM to predict stock returns for my masters thesis and I have come across stumbling block in implementing the LSTM. In my head I assumed it would work in a sequential manner so at every time step I would predict the daily return where the input x is the prior days return. + +I have several questions here. + +1. Would it be better to provide as input ALL the returns up until time t-1 instead of just the return at time t-1? My thought process here is that this information is already encapsulated within the hidden state that is fed into the next LSTM. +2. Should I use a fixed number of previous day returns to predict the return at time t? e.g. using the 10 previous days to predict the current days return? + +I am now running some time series analysis on the returns data to determine the look back period - basically just ACF and PACF plots to determine how far back I should go. + +Would Seq2seq models be a better alternative than a LSTM? + +As an aside, I am fully aware that the LSTM cannot predict daily stock prices/returns for multi-step forecasts but I am working in collaboration with an industry partner and am using some other methods prior to using the RNN. + +I have looked through some Udemy and youtube courses on the topic but was hoping to get some practical advice here + +Would appreciate your thoughts! + +&#x200B; + +EDIT: The images of the loss function of the LSTM using 6 inputs *(daily return, 3 day MA, 5 day MA, 10 day MA, 25 day MA, 50 day MA).* The red and green plots are the predictions and the true stock return. The blue and orange are the loss functions. **Orange is the test loss.** It seems I am overfitting quite dramatically. I am using an 80/20 train/test split. Should I make this nearer 60/40? + +&#x200B; + +&#x200B; + +https://preview.redd.it/9knu3n7maiv61.png?width=864&format=png&auto=webp&s=88e431bbb9e92ae8ad9edc34e6c117e29cdecab2 + +[The above are for the first run. Below is the second run using the same parameters but yielding a similar loss function but different predictions](https://preview.redd.it/c5yu5r6maiv61.png?width=864&format=png&auto=webp&s=0705231d552942085c63423e89596c9bc14c76b1) + +&#x200B; + +&#x200B; + +https://preview.redd.it/neo4r9tnaiv61.png?width=864&format=png&auto=webp&s=43c05585b39850c2850644ec23db43b084894728 + +https://preview.redd.it/aunxeatnaiv61.png?width=864&format=png&auto=webp&s=3e51774278fb22ce1610dffce6ff65d5bac70d96 +I have a dell r610 server that I'm going to use to start building my trading platform. I'm going to run ubuntu server with docker containers. Processing will likely be done in python/spark + +I plan on pulling in a lot of text data and analyzing it. So for that, I'll probably be using cassandra cluster set up in containers on the server but I'd like to hear your opinions if you have any. + +I still have access to the bloomberg terminal at my school so I'm probably going to try to pull as much historical data as possible and then probably set up a scraper for yahoo finance. + +1. I know yahoo probably isn't the most up to date data but I don't have a lot of money to put into this right now to pay for data. + +2. I'm not sure what kind of database I want to use to store financial data. Any suggestions? + +Also, if anyone has a link that points me to a discussion about what tech stack people use for their personal trading platforms, I'd appreciate it. Thanks! +I'm looking at something like the image, and I'd like to simply solve for the portfolio distribution that would maximize the average compound return across 10-year window. Each window would be 2004-2013, 2005-2014, ... 2011-2020, and I'd like to find the portfolio that has the highest average return per window. I've been trying to solve this with gradient descent but it's rather difficult to get the gradient of a function that calculates compound return, especially when I'd like this to be adaptable to a larger number of indexes in the future. Also having trouble constraining the weights for each index to add up to 1. + +Any ideas for how to solve this problem? + +https://preview.redd.it/vjwvdrip8wc71.png?width=760&format=png&auto=webp&s=052a2a41a660182aeb3dd3d4504cd5bb9b52176d +For a while now when making a transfer between accounts on the ANZ mobile app it selects your credit card as the default account for the transfer and tries to trick users into taking a cash advance. + +Yesterday I did it; I wasn't paying attention and accidentally took a cash advance. The worst part is the app didn't warn me that I was taking a cash advance, it was just the standard confirmation that I had seen hundreds of times before and I tapped confirm without properly reading it. + +I don't like being tricked so I called ANZ to cancel the card and they were very polite but keen to keep me as a customer. They offered to waive the cash advance fee if I stayed but I countered by suggesting they should waive the fee and then cancel the card. I won. + +Happy New Year AusFinance + +Edit: It was the Android app +I took economics in college but it wasn't enough. I don't know where to start.. I don't want to be a passive investor either. I also don't have any financial liabilites right now besides rent and my phone bill.. I thought about buying a car, but I also thought about actively investing every month like I have a car payment/insurance due.. Btw, I'm still in college so. What can I do to understand more? I've never been to las vegas, but I'd like to think of the stock market as my virtual casino now. :) +In the last 20 days since Million Token launched, here are what we have accomplished from recent to last: + +· BSC network integration (bridged) ☑️ + +· Tradeable in PancakeSwap (Volume up over 1M in just an hour of trading) ☑️ + +· LBank exchange listing (own listing) ☑️ + +· Gate.io exchange listing (own listing) ☑️ + +· TOMO chain offered TL a collaboration ☑️ + +. TosDis project offered collaboration ☑️ + +· PinkFinance offered collaboration ☑️ + +· Featured at Pressat.co.uk article press release ☑️ + +· Feature at Invezz.com news ☑️ + +· Acknowledged by fellow Youtubers ☑️ + +· Listed at CoinGecko and CoinMarketCap ☑️ + +· Still LOWEST Whale whale concentration in top 10 Wallets, especially compared to SHIB/DOGE. ☑️ + +· TL releasing MM related videos every other day since launched. ☑️ + +· MM token tracked by ZAPPER ☑️ + +· Growing marketing, design, admin and mods teams. ☑️ + +· MM token holders exponential growth to 12,853 holders ☑️ + +· Discord is now 8,234 members. ☑️ + +· Top 1 gainer in Uniswap for 5 consecutive days ☑️ + +· Top 5 volume in Uniswap during the run up to ATH. ☑️ + +· Reached 23,200% ATH ☑️ + +· Subdued FUD from DCF_GOD and Cointelegraph (Q&A video by TL) ☑️ + +There’s a lot more to come will you join us on the biggest crypto moon shot of 2021 ? 🦁🚀 + +"Store of Value" with only 1 million supply + +0 inflation + +homogeneous token distribution + +only 100m market cap now +GOOD PRICE POTENTIAL 🚀 + +Protected by Ethereum ⚠️ +when ethereum 2.0 comes MillionToken will be a PoS "Proof of Stake" so it will be + +Green 🍃 +Fast ⚡️ +Cheap 😎 + +better than bitcoin as a "store of value" + +[Website](MillionToken.org) + +[Dextools (USDC/MM)](https://www.dextools.io/app/uniswap/pair-explorer/0x84383fb05f610222430f69727aa638f8fdbf5cc1) + +[Dextools (WBNB/MM)](https://www.dextools.io/app/pancakeswap/pair-explorer/0x7cb5e7048215f7c225a8248b4c33fd32ca579c75) + +[Discord](https://discord.gg/milliontoken) +So I have been doing some research and have come across many different YouTubers that explain how to day trade. One of them is Ross Cameron. Have you guys ever worked with him? Do you think he’s a scam? + + +Any YouTuber you suggest I follow? +Believe me or not I don't care but be warned. + +According to ex VP of marketing for Verge, Sunerok (only developer on Verge) hasn't communicated with his Verge team in 2 months and the entire marketing team (which was basically the entire rest of the team) quit the project. He even claims Sunerok never intended on releasing Wraith. + +PROOF + +Original post that was deleted: https://imgur.com/a/P5ycG + + +Look at comment from Kieran Daniels. He was VP of marketing for Verge. + +More proof: https://medium.com/verge-currency-xvg/meet-the-core-team-our-future-vision-and-an-important-announcement-3965730bd0b8 + +Edit: There has been some confusion. I am not Twitter guy who deleted post. It appears someone deleted Kieran's Facebook post though so I have attached screenshot. I would also like to say I have not nor ever will invest in XVG. I have no financial incentive to divulge this information, I just saw an obvious scam and thought people should be warned. +Hi guys, + +Thanks in advance for any help you can give me. + +Following a fraud case last week that was resolved in my favour, proving absolutely no wrong doing on my part, Barclays have decided to close my bank account. I understand from what they have said that this is well within their rights. + +They sent a letter to me informing me of the account closure, advising me to remove any funds ASAP. However, this letter was sent the same day of the account closure, so I would never have been able to remove my money from the account as the letter arrived after the account closure. This was nearly £1000 in funds that has now been frozen by them. + +To retrieve the funds they have given me an email address to email them with proof of where the money in the account came from. This will take about 10 days to be processed. This is basically all my money that I use to support my wife and 3 year old son. + +Is there any point in complaining or starting some kind of grievance process with Barclays or any independent Government body or something? I'm a little bit out of my depth here, if anyone had any tips on how to speed up the process or anything like that, it would be helpful, too. + +Thanks. + +Edit for anyone reading this in a similar situation: According to information I received from a bank employee over the phone, any Government payments in your account cannot be withheld. I went into the branch today with proof of Child Tax Credit payments, and was given the total of the last payment in cash, in full. + +It’s not much, but it well help to tide us over until we can get the rest of the money. + +Thanks for all the replies. +***\*You can read the article with the images*** [***here***](https://springloading.substack.com/p/insider-purchasing-activity-for-316)***\*.*** + +Hey all! + +Due to the coronavirus, a ton of executives are participating in unusual compensation/purchasing activity. So I have begun scraping the SEC website to see which executives are purchasing, selling, or being awarded stock for no known reason except that the stock price is extra low and they may just be buying their stock at a discount (or selling it before it crashes further). + +Obviously, we don't know how long the coronavirus may keep the market down, but this can help us see which executives believe their stock will rebound nicely and which believe it will continue to decline. + +# 1) RBB Bancorp - [$RBB ($14.00)](https://finance.yahoo.com/quote/rbb/) - Purchasing Activity + +From [Yahoo Finance](https://finance.yahoo.com/quote/rbb/): + +>RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American communities. + +Taking a look at the [Form 4](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=1499422&type=&dateb=&owner=include&start=0) activity below, we can see a ***ton*** of purchasing activity over the last 10 days (I couldn’t even fit them all in a screenshot)! + +📷 + +And some of the purchases have been quite large. + +📷 + +Taking a look at the individual [Form 4](https://www.sec.gov/Archives/edgar/data/1499422/000120919120019033/xslF345X03/doc4.xml)s, we can see that they don’t mention that the purchases are for any form of pre-arranged agreement. It looks like the directors and executives are just looking to get some stock on the cheap. + +📷 + +# 2) Goodrich Petroleum Corp - [$GDP ($3.73)](https://finance.yahoo.com/quote/gdp/) - Purchasing Activity + +From [Yahoo Finance](https://finance.yahoo.com/quote/gdp/): + +>Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas + +Taking a look at the [Form 4](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=943861&type=&dateb=&owner=include&start=0) activity, we can see a few purchases made by the executives about 5 or 6 days ago. + +📷 + +While only 3 executives made purchases and the amounts purchased aren’t massive, they were made by their 3 highest-ranking executives who almost never make open market purchases. + +📷 + +Taking a look at the Form 4s gives us no reason for the purchases. It looks like these executives may be looking to pick up some cheap stock. + +📷 + +# 3) Welbilt, Inc - [$WBT ($6.82)](https://finance.yahoo.com/quote/wbt/) - Purchasing Activity + +From Yahoo Finance: + +>Welbilt, Inc., designs, manufactures, and supplies foodservice equipment for commercial foodservice market worldwide. + +Taking a look at the [Form 4](https://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001310250)s, we can see a few executives made some large purchases a few days ago. + +📷 + +While only 3 executives made purchases, they are very substantial purchases and were made by executives that very rarely/never make open market purchases like this. + +📷 + +Once again, we see that the [Form 4](https://www.sec.gov/Archives/edgar/data/1310250/000165096220000048/xslF345X03/wf-form4_158395876145536.xml) makes no mention of any reason for these stock purchases. + +📷 + +# 4) Prosperity Bancshares Inc - [$PB ($56.61)](https://finance.yahoo.com/quote/pb/) - Purchasing Activity + +From [Yahoo Finance](https://finance.yahoo.com/quote/pb/): + +>Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to small and medium-sized businesses, and consumers. + +Taking a look at the [Form 4s](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=1068851&type=&dateb=&owner=include&start=0), we can see a bunch of purchases made a few days ago. + +📷 + +Taking a deeper look at some of the purchases made, we can see some pretty massive purchases being made by some very high-level directors and executives. + +📷 + +Digging into the [Form 4](https://www.sec.gov/Archives/edgar/data/1068851/000120919120018094/xslF345X03/doc4.xml)s, we do see that some of these purchases are part of the executives’ 401K plans. However, these are still large purchases by the executives. + +📷 +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. +**The below was written by /u/melonbalon and FI's fine survey team:** + +You've waited, you've wondered, you've blown up /u/melonbalon's inbox, you've thought it wasn't happening... + +But today is the day! That's right, thanks to our amazing team of volunteers, we have survey results! + +To see what the survey says, go [here]( https://fisurvey.herokuapp.com/): + +Be patient with us if you hug it too hard - remember we're all unpaid volunteers here. + +We've selected some of the major categories to allow you to filter by. For those who were concerned about privacy - the site will only display results if there are at least 5 people in that category, to protect privacy. No filter combination will let you get results from fewer than 5 respondents. For instance, if you try to see results from women over 65 you will get an error, because we did not have 5 women over 65 respond. This is intentional for privacy reasons, the site is not broken. + +Send some love to /u/wannabe_fi for taking the lead on site development. Also on our site development team - /u/jonespad /u/curiously_clueless /u/collatzcon /u/maximumfrosting /u/fi_username + +**Edit: Please message /u/wannabe_fi to report any bugs or issues you are encountering with the website.** +So I've done a quick synopsis of the voting results from the 8K posted last night, and given my smooth-brained take on the finding. + +# Board of Directors + +[Election of Board](https://preview.redd.it/ceh3z1jval391.png?width=1934&format=png&auto=webp&s=87833bb0ce099c6648fa65d66369fcd7067fa191) + +Seems everyone is loved 🥰🥰🥰.. like proper love. + +For example, the lowest vote was trusty old Alan Attal from the Chewy Board, and that was 97% confidence! That's phenomenal vote of trust and confidence.. + +If you look across at the average vote for something like this ITS rarely showing signs of such positivity. For example, [Apple's recent board of director vote](https://www.marketscreener.com/quote/stock/APPLE-INC-4849/news/APPLE-INC-Change-in-Directors-or-Principal-Officers-Submission-of-Matters-to-a-Vote-of-Security-39669454/) showed a percentage of 98% for the legendary Tim Cook, with Ron Sugar having only secured an 88.8% vote of confidence. + +# Incentives and Compensation + +https://preview.redd.it/yv5owgw7dl391.png?width=1935&format=png&auto=webp&s=7d1ef7e61ea8b148ca89db343f926be5678bf565 + +https://preview.redd.it/88g37l2adl391.png?width=1289&format=png&auto=webp&s=6ecf3c4f36b92f48f186516641c28069b140a192 + +This had a fair bit of opposition but very minimal, and I can understand that. CEOs and directors generally take to much compensation from the company when compared to the workers and the trickle-down economy its clearly broken meaning workers are slowly being starved and forced onto the streets. + +Not much to be taken from this except 96% of the shareholder base DO AGREE that to get the best players we need to give good reward. + +What's interesting is most of this compensation is in SHARES! + +Our directors are generally on a basic wage of $200,000 - which is good - but that allows them to not worry about medical bills, housing, vacations, etc. or anything else that crops up throughout the years - focus can be on adding shareholder value - because that's where their best interest lays - that how they get the cream, by making it for themselves and then sharing it with the rest of us "share holders". + +# Appointment of Audit / Accounting Team + +[No non-votes?!? ](https://preview.redd.it/dxl9fz01el391.png?width=1287&format=png&auto=webp&s=800f98c6352c3d7b3c69c6754152b61cd6dad738) + +So this is the vote for the appointment of an accounting firm. These people check that there's no dodgy accounting going on - we're not ENRON, right? Deloitte and Touche are a globally recognised and well-respected team of auditors. + +Now, I am pretty damn smooth, does any wrinkle-brain have any idea/speculation/knowledge why the non-votes from previous rounds would be now be voting for the appointment of our auditor? + +The LEDs on my tinfoil hat are all blinking and flashing when I look at that, but I am sure there's some reasonable explanation I am just not yet aware of. Help? + +# Increase Share Count to 1bn baby! + +https://preview.redd.it/tl1hl6vvel391.png?width=1288&format=png&auto=webp&s=ac3e76ae708517e3f669293368945cdea7c89c1f + +So looking at the numbers, we can see this is the most controversial vote on the 8K. + +Gathering almost 6.8% of Against/Abstain voting, albeit it has the LOWEST amount abstinence in voting \~ simply put more people exercised their vote on this matter more than any other! + +We could say there was the BIGGEST opposition against the increase of the available shares to 1,000,000,000, but it was overwhelmingly voted in favour. So if short-sellers did have any influence with their LONG hedge-bets, it had no influence. 93%+ of the shares ~~investors~~ voted to issue more shares. + +**Added thanks to** u/HiReturns**:** For this proposal the approval threshold was a majority of ISSUED shares, **not just voted shares.** So it was approved by just under 70% of issued shares. + +This now basically means they'll be more natural liquidity in the market, less need for LIQUIDITY ONLY orders (aka T+35 short sells) filling up the order book *once they become available.* + +How they are distributed has already been discussed as a share dividend, but obviously doesn't need to be announced. + +**Ignore this next bit... it's pure smooth-brained speculation based on absolutely nothing:** +*I'd like to think a split at between a 10->13 to 1 ratio that would ultimately giving a share price just below 🍿popcorn🍿 (say $13.37) would work very nicely - allowing the individual investors of other short-basket stocks to trade-in and take a lower risk option with GME.* + +EDIT: Moath + Wurds + +EDIT: Corrections from Comments, Added note about smooth speculation. + +I moved to the UK couple of months ago and I was under the impression that my 50,000GBP a year was a pretty average salary around North Yorkshire. After meeting some people I realized that I might get paid very well. The problem is that my reference point for values is that of the previous country I lived in (Australia). I do not trust the results I get by googling "average salaries" and other terms such as these because these values tend to be skewed and outdated. +The wife and I previously rationed ourselves to one "big" holiday a year, and by "big", we meant one £3,000 ($4,000) trip all in. We booked a trip to a specialist resort in Jamaica this year, and had started planning a trip to South America for next year. However, the trip to Jamaica was so incredible and we had such an amazing time that we've decided to make it an annual thing. However while normally we'd make that our "big trip", we also enjoy the travelling the "big trip" budget allowed us, and we don't want to lose that in exchange for the Jamaica trips, so we've decided to up our travel budget and go to Jamaica each year while sticking with the previous travel budget we had. Sure it costs more, but we had such a fantastic time there (the reasons why are probably best for another thread so as not to distract, but it was very "us", shall we say) that the additional cost, and therefore pushout of FI, is worth it. + +So for you all, is there a thing, hobby, activity or anything that is expensive and generally considered anti-FI that you do, because you feel the benefit or enjoyment is worth the expense? A fancy car? Nice holidays? Big house etc? +I have seen several comments lately similar to this and am interested to see some of those ideas. I know I'm not a completely FIRE driven person, I enjoy toys a little too much but I'm definitely going to retire before any of my co-workers/friends because of you guys!! + +P.S. This title was a direct lift off another thread. I just couldn't word it any better. + +P.S.S. I'm specifically blaming u/ChiDnDplz for this post +I've often read that the Austrian school of economics does not use arithmetic or econometrics to support its theories and therefore does not get much respect from most economists. Is this true? +I read one of the top posts today about the brazilian puts and it made me think, we’ve been through A LOT + +From the 400 - 40 hodl, the March run up and drop off, Mayo memes, quadruple witching day, SSR, the Lego memes, elliot waves guy, sideways trading guy, criand, attobit, scrollwheeler and the one and only deep fucking value, the live stream hearings and so so so SO much more! + +I don’t know any of you but I know we are the same and I fucking love you all and this past year and a bit has been so much fun, staring at the ticker 5 days a week for every week! + +Here’s to an exciting few weeks and years with the best company on the planet + +Oh and no cell, no sell for me + +🩳🏴‍☠️💀 +I am considering an opportunity to move to the Central Coast of CA for work. I currently make about $115k which is good for this area and that would increase about 15% with the new job. My 3BR, 1400sq ft. house here in a good neighborhood is worth about $165k. When I start looking at houses out there, $165k gets you a mobile home...maybe. Since we'll be empty nesters soon, we can downsize some, but even 1-2 BR houses half the size are $4-500k and up. Everything else there is more expensive too, but the housing prices are what really made my heart stop. I'd love to move there to get away from the harsh winters, but I can't even conceive of how regular people can afford to live there with those kind of prices. So, how do they do it? How would I make this transition without selling a kidney? + +**EDIT:** First, some clarification. The position would be in San Luis Obispo. Not the Bay Area, not LA, not OC. Second, while I'm glad to hear about other areas of the country and even California, they're really not relevant except in the cases where it's also a high COLA area . Third, we do NOT want to live in a big city. SLO and the entire Central Coast of CA are pretty rural. Fourth, we ARE planning to downsize in general once the kids are launched and off living their lives. I mentioned this in a comment, but it seems I should have put it in the original post. We are very happy to trade "stuff" and square footage inside for opportunities outdoors, especially if they can be pursued year-round. + +Some more background on me: I'm 51, I work as a mechanical engineer for an automotive supplier. I've been an engineer in a variety of industries for 20+ years. I enjoy the work and TBH, I don't see myself retiring until age 70+. (In the '08 recession, I was laid off for a year and after about 3 weeks, I was bored and started building a rocket engine in my garage, a project which did not end well.) + +Also, a big thanks to everyone who cared enough to comment. It seems that for this move to be feasible, I need to negotiate a much higher salary and relocation assistance etc. As to the possibility of moving to a different region/state, so far I haven't found any others that check all of the same boxes for weather, outdoor recreation opportunities and laid back culture. + +&#x200B; +Title says it all. I'm leaving options behind as I've hit my goal and can afford to pay off my student loans. It has been a wild ride with some serious dips and I certainly never expected to see >150,000% (Is this a record of some sort?) returns since I bought my first MSFT call back in the first week of February. I made the majority of my money on SPY puts over the past few weeks including 40k worth that I purchased yesterday and sold this morning at open. Best of luck to you all and I'll continue to lurk here. No current positions so don't come at me with that. + +Portfolio Pic: + +https://imgur.com/a/maQv6an + +EDIT 1: + +Genuinely curious if this is a percentage record of some sort, wouldn't mind a flair if so ;) + +EDIT 2: +I will post past positions tomorrow, there are hundreds. + +EDIT 3: +Thanks for the gold! Still waiting on my flair tho, I know y'all are hard at work on it, great things take time. + +EDIT 4: + +Positions here: https://imgur.com/a/TsAkrc5 sorry for the delay. I was around for SPCE, LL, etc. It was a great run; hope this is good enough for those doubting me... +[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 your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Could Australian government intransigence on AML and CTF legislation reform be responsible for distortion of the Australian real estate market? + +We have been waiting for the tranche 2 AML legislation for 16 years (since 2006). + +&#x200B; + +With immigration, overseas students, Bank Of M&D and so on being dispelled as prime movers, money laundering stands out like a shag on a rock. + +[savings.com.au](https://savings.com.au), Jacob Cocciolone - Money Laundering is driving property boom: ASTRAC - 11 Nov 2021 - "Australia is one of only three countries in the world behind Madagascar and Haiti failing to introduce regulations on identifying how certain types of businesses manage the risks of money laundering and terrorism." + +&#x200B; + +[https://www.savings.com.au/news/money-laundering-is-driving-property-boom-austrac](https://www.savings.com.au/news/money-laundering-is-driving-property-boom-austrac) + +&#x200B; + +The Guardian article, Nov 2021: "Weak and outdated laws are allowing widespread money laundering in the property sector, making Australia a “destination of choice” for illicit funds" + +&#x200B; + +[https://www.theguardian.com/australia-news/2021/nov/09/widespread-money-laundering-in-property-locking-out-australians-from-owning-homes-senate-told](https://www.theguardian.com/australia-news/2021/nov/09/widespread-money-laundering-in-property-locking-out-australians-from-owning-homes-senate-told) + +&#x200B; + +SBS Article, Jun 2019: "Money from international drug trafficking and other crimes is flowing into the Australian housing market and potentially distorting prices for everyday Australians looking to buy a house" + +&#x200B; + +[https://www.sbs.com.au/news/australia-is-failing-to-combat-dirty-money-entering-the-property-market/c27a85af-c8a4-4cc5-bdb0-9e45a01a4735](https://www.sbs.com.au/news/australia-is-failing-to-combat-dirty-money-entering-the-property-market/c27a85af-c8a4-4cc5-bdb0-9e45a01a4735) + +&#x200B; + +AUSTRAC 2015 Strategic analysis brief - Money laundering through real estate 2015: "As an established money laundering channel, criminals are likely to continue to launder money through real estate. " + +&#x200B; + +[https://www.austrac.gov.au/business/how-comply-guidance-and-resources/guidance-resources/strategic-analysis-brief-money-laundering-through-real-estate-2015](https://www.austrac.gov.au/business/how-comply-guidance-and-resources/guidance-resources/strategic-analysis-brief-money-laundering-through-real-estate-2015) + +&#x200B; + +&#x200B; + +The senate hearings were due to be released on tranche 2 in March + +&#x200B; + +Norton Rose Fulbright, Nov 2021 - Hearings held on the inquiry into the adequacy and efficacy of Australia's AML-CTF regime: + +&#x200B; + +[https://www.nortonrosefulbright.com/en-au/knowledge/publications/38faed1f/hearings-held-on-the-inquiry-into-the-adequacy-and-efficacy-of-australias-aml-ctf-regime](https://www.nortonrosefulbright.com/en-au/knowledge/publications/38faed1f/hearings-held-on-the-inquiry-into-the-adequacy-and-efficacy-of-australias-aml-ctf-regime) +Does anyone really believe that over the next 10 years they have the same chance at growing their earning at the same rate Apple will? I don’t understand why this low revenue and earnings growth company should trade at anything more than a 10-15 PE. Can someone please explain to me why people are willing to pay such a high multiple for this company? +Shorting serves one primary purpose! The DTCC never did anything to prevent artifical manufacturing of property. This is why there are so many PRIVATE corporations servicing wall st. Once we piece together this complex web of "property management" we can easily derive the threat to wall st. that NFTs pose. All that is needed is a network to negotiate contracts! And THAT is why we should rxpect the panacea of lies & deceit from analysts, banks, MSM and on & on. Imagine if you will a deed, no longer held by your county, of a property you own. Immutable in every way, free of the tangled web of controls to ensure its authenticity! You have uprooted the fees associated with purchasing land. No longer do you need banks moreso these mortgage agents, it is all right there embedded within an NFT. + + +Are there risks? No more than what exists today, but at a significant fraction of cost than current. I'd argue the risks are significantly limited by the network in which contracts are handled. Even then contigencies can and will evolve naturally. An NFT is much, much more than "art"! + + +Don't be fooled by the onslaught coming from MSM & the likes. They WILL shit the bed if they are about to lose control & NFTs can & will destroy, perhaps not fully, but significantly impact banking, wall st., real estate, ownership at large. The WEF is no fool either... these are sophisticated fucks! The see the threat NFTs posit. It means there is no longer control by a select, distinguished few & it is revolutionary!!!! It means that not only are you a sole proprietor (which they really fear) but you also control the value established in your ownership. That is by definition, a free market! Free from control & manipulation! + + +If the argument is that it can become manipulated, look at the fucking system we have today!!!!! Liens can still be issued EVEN if you have FULL and COMPLETE ownership! The select few are petrified that we can think for ourselves and negiotiate for ourselves without the need for "big brother". They are rich because they believe we are naive! + + +NFTs will up-end central planning! If the movement of gamestop is a renaissance of individuality using the vehicles of NFTs utilizing the backbone of technology - then I will continue to buy because this type of transformation is unprecendented!!!! + + +I WILL buy using what petty resources I possess in a revolution of individuality! Yes, power to the players has never been more true & for that I will buy & DRS because this is the only means available to eliminate the bastardization of property! + + +I fucking LOVE this company & I will buy hold hodl yarrrr reverse uno what i have to keep and share what is rightfully mine, which I have worked hard to earn. NFTs are not FUD and professor shillingsworth bettet come up with something really fucking clever than scare tactics. + + +DRS +Need some experienced THETA GANG advice. + +I sold a ton of puts of DAL (24/23) and UAL (27/26) expiring 5/8. All positions are put credit spreads. Out of the gate, I am looking at a max loss. Unfortunately, I did not hedge. + +What's the best mitigation strategy? + +* buy market order puts at open which I know to be generally a bad idea? +* BTC the shorts and let the long ride out to try to get to at least break even? +* STO market order call credit spread ATM for the 5/8 expiration? +* All of the above? + +I imagine airlines will gap down hard and with the IV spike, not sure if buying puts with a market order is best? For the same reason, I am concerned about BTC the short legs... anyone with experience managing this type of position please give me your 2c. + +&#x200B; + +EDIT 2020-05-05 + +Several of you have asked me about how this played out. I actually ended up doing far better than originally expected since the initial drop was not as bad as expected and during the huge run-up mid-morning, I was able to get out of the most egregious positions that had big early assignment risk (I had several DAL (25|24) and UAL (27|26). I didn't panic sell the DAL 24/23 or the UAL (25/24) since I saw things were stable and dips were being bought. I anticipated a bounce but nothing could have prepared me for the end of day rally! So, right now, I am not out much money at all and the remaining positions will likely end up being profitable for me. Of course, this is dumb luck. I was all but prepared to sell these positions. I was just waiting a bit to try to roll them out for credit or sell at less of a loss. + +A few people have asked me to post the full positions and why I got into this trade in the first place. My story is interesting and I think there are some lessons to be learned for others, particularly beginners such as myself. I will prepare that post and do a follow-up which will explain my "trading background" which provides some needed behavioral context as well as my thesis, mistakes made, lessons learned, etc. +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. +&#x200B; + +&#x200B; + +https://preview.redd.it/gdbocu45un3a1.png?width=1896&format=png&auto=webp&s=6f5f79449676b41a8ea8d47189fcaf6fc1571952 + +Hi all, + +Just learnt about this group through a blog, so happy have come on board. + +\*\*\*Hopefully this question is in the right place and not breaking any rules\*\*\* + +I've just started to trade covered calls live on TradeStation and am a bit perplexed as to what I'm reading above. Before I used to do paper trading on IBKR however I couldn't transfer actual funds into the account bank kept returning the cash so I jumped onto TS. + +I raised this CC and purchased the stock above for 45.59 and got a premium of 5.24 for an ITM call of $42 dollars. I really don't care about the stock itself and only want to collect premium on weekly calls. Target for this is 2-4%, I'm not greedy (yet), slow and steady wins the race as they say. + +I want to know under market value why it has the call option shown as a negative. Is this what it would cost if I wanted to buy the call back to keep the stock? Also it shows my overall portfolio value as a negative which I can't understand why when the stock price is way over my BE price. As I see it my portfolio value should read as having 20,076 in cash and stocks and once exercised on Friday should be at 18,896 IF the call is exercised. However it shows my market value as 16,577 as of today after the close. + +Could anyone explain this to me, cos I'm definitely missing something here. +For the last few months I've been regularly selling the last .02 delta and buying a .01 delta $15 away ..quantity is 5 or 6 and gain after fees etc is usually $65-70 . Each way. +I'll close one if its getting too close and some.crazy days with fed announcements I may not do both wings. +This is an addition to main trades but is still making $600ish a week. I use 14k buying power to do this +. +Also isn't it crazy trying to explain this to regular job friends .... +Today I opened my robinhood account and my buying power was -$38,000 (my account is $5000) and I don’t know what to do in this situation. I have been trading options off and on for a year and have put in a lot of time in learning online but I didn’t remember that options can move Otm>Itm during AH. This screwed me. Recently, I have been selling credit spreads (both call and put) because of the volatility. This Friday I had a 227/224 put credit spread expiring and the day ended at 228. Then in AH it moved down to 226. Making my 227 itm. + + +1: I thought that robinhood/other brokers closed these trades automatically an hour before expiration? Why didn’t mine get closed? (I know I should’ve closed it myself I wasn’t managing properly) + +2: what do you recommend I do on Monday morning? If red? Green? + +Thanks +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I know that you, guys, have a lot of experience with options. I recently opened a margin account on ibkr and have a couple of questions. I was hoping, you could help me with them. 🙃 + +1. I did some paper trading and was surprised to find out that i was assigned shares after option expiration. Is that something that could happen in live account as well? I thought that options can be only exercised until 5:30 pm ET of the expiration day. + +2. Since i am European, i can't trade US ETFs but i can buy/sell their options. Does it mean that my exercised/assigned shares would be liquidated? What if the market is closed? +I've posted this graph before, but I want to make a single point here. It contradicts the 45 DTE dogma commonly repeated here. + +This is a graph of all possible bear credit call spreads for GLD with 3 DTEs. It assumes a stop loss at the short strike. Almost all such graphs look essentially like this. + +For a given expectation of loss, the highest annualized expected return on margin is given by the shortest DTE. + +https://imgur.com/eJNXKAZ + +Can anyone suggest a criterion better than 'annualized expected return on margin'? +Sorry for the noob question, Im primarily a buy and hold investor and was looking to do some simple selling puts and selling CCs strategies for a little more return. + +Im going to do far OTM with a .10-.15 delta and 30-45 DTE on SPY and QQQ + +**Selling Puts** + +For selling puts say the current price is $100. I sell a put at $80 strike. The price drops to $75 and I get assigned. + +I "lost" $500? But the thing is, as a buy and hold investor I dont try to time the market and wouldnt have bought at the bottom of the market at $75 anyway. + +Im bullish on both SPY and QQQ, and even though I paid $80 for a $75 stock, I think in the long run it will go up, so what did I lose really? + +**Selling CCs** + +Same thing for selling CCs. say current price is $100. I sell a CC at $110 strike and price goes up to $115. I "lost" $500 again. + + Im a buy and hold investor and dont try to sell at the peaks. Stocks go up and down all the time. I wouldnt have sold at the peak anyway and just held as it went down again. So did I actually "lose" anything? + +&#x200B; + +This seems like a good strategy instead of just a mindless DCA every week. Am I missing something? +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. +Hey guys, toying with this idea of selling weekly deep OTM puts on ETFs like VOO/SPY for juicy premiums. + +Understand the collateral needed but it seems like good weekly income. Am i missing out anything in my consideration? +Lately I've been having issues hedging and it's definitely affected my trading performance. These days I just can't find enough consistently bearish stocks that have good premium. I'd studied using bearish debit spreads as hedges but it just doesn't seem as capital efficient. Does anyone have any good, high premium, mid to high level IV, tickers? +[Most anticipated earnings August 3rd - August 7th](https://imgur.com/a/Z7C5j2x) + +&#x200B; + +[Google Sheet with list of all companies earnings this week](https://docs.google.com/spreadsheets/d/1EuA7Q64u6Lp8g7dzfIRz7TWNa9MXdm6U6oA-qHa8tSw/edit?usp=sharing) + +&#x200B; + +Google sheet is posted with all of the companies separated by day currently. I also added the name of the company on there per request in the comments. I will be working on filling in the details on all of the companies over the weekend. + +For those who haven't seen last weeks post - The google sheet will have: Name, Ticker, Market Cap, earnings date, time, price as of this weekend, IV using ToS, Weekly options yes or no, and sector. I fill in the information for all companies with over 1Bn market cap. + +Let me know if there's anything else to add or change around. + +&#x200B; + +Thank you! +Father passed away i have no idea how to see if i can somehow get his social security that he was paying into. He never added us his kids as dependents and he passed away almost 10 years ago. i also don’t know what life insurance he was paying into. He didn’t have a will. My sister at the time of his death was under age and i read that she could have been getting a check from the government for that. Can she still get that money now? +Starting yesterday morning bitcoin went from 29k to 33k in like 2 hrs, it then instantly crashed to 30k and has gone on an absolute tear ever since. Non stop bull rally with insane amounts of money acquiring. It now sits just under 34750 [as of this post](https://i.imgur.com/49fT6Bu.png). Whatever is driving this run, it seems institutionally funded. + +&#x200B; + +I've never been a big crypto market player but making +18% on a closed market is too juicy to pass up. + +&#x200B; + +Edit holy shit my dudes + + + +this has been insane. Not sure I even want to trade the market today crypto is in a once in a lifetime pump right now. I havent slept all weekend, my haul so far + +[$BTC.X](https://stocktwits.com/symbol/BTC.X) \+15% (+$3300) + +[$BSV.X](https://stocktwits.com/symbol/BSV.X) \- +5% (+$1250) + +[$BCH.X](https://stocktwits.com/symbol/BCH.X) \- +10% (+$2500) + +[$ETH.X](https://stocktwits.com/symbol/ETH.X) \- +13% (+$2500) + +[$ETC.X](https://stocktwits.com/symbol/ETC.X) \- +30% (+$5500) + +\+$15050 since Saturday + +Played swings and runs until they started to sell off then jumped around. Made 5k just buying dips and selling tops on ETC. This shit was amazing. Now just holding ETH since 830. Unreal. +**HOLY MOLY!! ComputerShare accounts are growing exponentially!!** + +**Highest Score (so far):** Current CS MOASS-a-Meter winner is u/damn_u_scuba_steve with account number 254,XXX (date Sept. 20) + +Low Score: 32,XXX (Jan 31 - also the oldest) [u/Sisyphus-Syphilis](https://www.reddit.com/u/Sisyphus-Syphilis/) + +&#x200B; + +https://preview.redd.it/ma9svfw08cp71.png?width=779&format=png&auto=webp&s=2961dd6aa8abfe03fa83117f5a4db07d9b246a24 + +I will keep updating as I get more data. Graph updated 7:30 EST. + +For reference: + +Data points = 46 + +Highest account number = 254,XXX (Sep 22 - yesterday) + +Lowest account number = 36,XXX (April 30 - also the oldest) u/PtahandSuns + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +CS account numbers seem to be sequentially assigned and have been increasing since apes have started buying/transferring in (increased from 40K on Aug 12 to 250K on Sep 22 according to [this post](https://www.reddit.com/r/Superstonk/comments/ptwr2g/cs_account_numbers_explode_from_40k_on_aug_12_60k/)). + +I first bought on CS last week. Sharing the relevant details. + +Purchase date: Sept. 17 + +Account number: 102,XXX + +Purchase or Transfer: Purchase + +If anyone that feels comfortable also shares - the account numbers can be used to start a MOASS-meter and conservatively estimate how many shares have been bought/transferred. If you don't want to comment in public, you can DM me as well. Just need first 2 digits of account number (Ex: 54,XXX or 23X,XXX), date, and whether it was a purchase or transfer in. I will be plotting the data to create a MOASS-a-meter, + +Edit 1: Credit to u/iamthinksnow and [this post](https://www.reddit.com/r/Superstonk/comments/ptwr2g/cs_account_numbers_explode_from_40k_on_aug_12_60k/) which shows several different account numbers assigned to the same person, with the account numbers increasing from 4X,XXX (Aug 12) to 6X,XXX (Aug 24) to 25X,XXX (Sep 22) + +Edit 2: Wonder why this is being downvoted so hard. Only 53% upvote. I'm a smooth-brained ape that doesn't know much, but I know we individually have this data and sharing first few digits of account numbers is a great benchmark of how fast apes buying/transferring and approx how many shares have been DRS with CS. Don't share your full account number though, just the first 2 digits is enough (Ex: 54,XXX or 23X,XXX). + +Edit 3: Seems like the 2XX,XXX account numbers are mostly transfer-ins. Can anyone confirm? Did anyone get a 2XX,XXX account number by buying directly from CS? + +Edit 4: HOLY SHIT - if 250K apes really did buy/transfer, we only need average of 248 shares per account to own the float of 62M (credit u/many_faces). I'm sure the number of buys/transfers has been increasing every day which will decrease that average needed. I'll be plotting these data points on a chart to create a MOASS-a-meter. Note: 248 is per account, not per ape, since some apes have been issued multiple accounts. + +MOASS HERE WE COME!!!! +The Stanford blood test is just “hours” away from federal approval and could allow people to begin to return to work, Newsom said. The tests are “serological,” and could determine whether someone has developed antibodies to the coronavirus. + +https://www.sacbee.com/news/politics-government/capitol-alert/article241774351.html +With Cyber Crew blowing up in popularity after their creation of the GME Astronaut for the GME NFT Marketplace and their successful NFT launch, we've all been digging around the deep parts of the internet to look at the creator's past. + +Well, I've stumbled across this Augmented Reality project, Protocol Gemini, that Cyber Crew is partnered with. And while watching their teaser video, at the very end for a SPLIT second, I happened to notice they flash a red power button symbol that turns FREAKING PURPLE!!! SOMEONE HELP ME STOP FREAKING OUT AND KEEP ME FROM BUYING MORE JPEGS!!!!!!!!!!! + +**\*\*\*The logo also has numbers flashing next to it if some non-smooth brained ape with more steady hands then I wants to slow it down and see the order frame by frame\*\*\*** + +[https://ibb.co/6gfG9wn](https://ibb.co/6gfG9wn) + +Site: [https://www.protocolgemini.com/](https://www.protocolgemini.com/) (teaser video at top) +..to consistently get an >80% win rate using the 5-minute chart, and have a monthly % profit close to 100% (and sometimes even exceeding 1000%)? + +.. and get a 10k USD account to 1M USD in less than 1 year daytrading? + +Some of the claims of these "masters" are bordering on fantasy. What do you think? +Yoo guys I’m currently struggling on my psychology side of trading. I know that my strategy is profitable and I’m currently a funded trader but sometimes when I lose a trade I feel like I did something stupid and blame myself but in fact that happens because nobody wins all the time. For example I lost 2 trades in a row (it’s not usual to lose 2 full trades in a row) and I felt like shit and start to revenge trading… I really don’t know why the hell I reacted like that, maybe my problems outside of trading are affecting me… Can you guys give me some tips?! Yall have a nice day +Yoo guys I’m currently struggling on my psychology side of trading. I know that my strategy is profitable and I’m currently a funded trader but sometimes when I lose a trade I feel like I did something stupid and blame myself but in fact that happens because nobody wins all the time. For example I lost 2 trades in a row (it’s not usual to lose 2 full trades in a row) and I felt like shit and start to revenge trading… I really don’t know why the hell I reacted like that, maybe my problems outside of trading are affecting me… Can you guys give me some tips?! Yall have a nice day +I'm a complete beginner and I'm doing a Udemy course to learn the basic fundamentals. I'm perfectly aware it takes years to become a good trader and learning the fundamentals is less than 1% of the journey. I'm not really sure how to go about it though. Does anyone have any advice on how to grow as a trader as efficiently as possible after learning the fundamentals? + +I'm not looking for a get rich quick scheme, rather I'm looking for some side income 5-7 years down the line so I just want to learn about Forex properly no matter how long it takes. +Evening all, have any of you experienced imposter syndrome with your trading, and how did you get past it? I have a MFF accelerated account and i have levelled it up a few times over the past month, so my strategy is working for me. However, I’ve hit a wall where I’m convinced I have no clue what I’m doing and it’s all been a fluke. +Any tips? +In 2011 the European Securities and Markets authority was founded as the European Union’s answer to the 2008 financial crash. Among other things it main purpose is to improve investor protection and promote stable, orderly financial markets. For Forex and CFD retail traders alike this meant a huge reduction in maximum leverages. Prior to the introduction of these regulations leverages of 1:1000 and higher where easy to attain, which mean a larger propensity for both profits and losses. However now leverages have been limited to 1:30 for major currency pairs which, especially for micro-lot traders like myself, means that profits have significantly tanked. But as you may know the U.K. (where I live) is currently attempting to leave the EU in the process called Brexit, and with Boris Johnson how in the position of prime minister, we may actually attain a no-deal Brexit despite his many flaws. This is will mean that FX brokers based within the U.K. will once again be able to offer higher leverages, which will in turn mean that traders all over Europe will once again be able to actually make sizeable profits. People seem to be focusing on the negatives of Brexit a lot, just thought I’d bring this up. +&#x200B; + +https://preview.redd.it/vjma4p0augt61.png?width=3840&format=png&auto=webp&s=2a1ec45c158ca60506907641fbbce8944046997a + +After 3 months of finding this sub, having major fomo on GME, and getting caught in a scam it's done. In the span of 2 months(Feb-Apr) I've finally finished reading all of babypips. Learned a lot of new thing, and I'm ready to learn even more to make this my everyday thing. Wish me luck and good discipline! +Stocks got crushed today (10/10/18) and the sell off around the world continues. This is extremely risk off behavior in the equity market yet looking at typical risk FX pairs like AUD/USD, NZD/USD they both failed to make new lows. This is extremely surprising on a day us markets fall 3%+. There is also a gigantic speculative short (commercial LONG) position in these currencies (as well as yen and gbp). + +&#x200B; + +Looking at the state of the bond market the front end of the US curve looks extremely attractive. A risk free 2.5%+ return looks juicy and the front end of the US curve falling with such a long spec dollar position could see a mean dollar reversal lower with yield spreads in the front end peaking, especially with currencies who are close to starting a rate hike cycle or are in the beginning stages of one. If you are long dollar be careful as this is not a one way trade and we may be seeing the highs in the dollar soon +Geeeez, I was consistent and profitable for months with small lots and in a demo. Decided to take an FTMO challenge. Nailed the evaluation portion in a week or so. I was able to get to 4.7% in the verification portion, no sweat, then hit a wall. Took a couple larger losses and have been barely above break even every week since then. I feel like I went from feeling like a king to being super down in the dumps about it. I'm still plugging away and keeping my risk management tight while I work through this. Just wanting to share my experience and hoping to hear some similar tales. Thanks everyone for being here and keeping this community a cool place to be. +So, how long did it take you guys to come up with your own strategy and start trading with real money? And how long did it take you to actually earn a profit? Also, where did you learn? Youtube, blogs, etc. Trying to get started myself! +I'm a new trader and the past few weeks have been good to me. However this week has been a complete shitshow and it's really knocked my confidence in my strat. Obvs I know the world is going crazy right now but is it really effecting the pairs that much? Are any of you waiting this out? As I feel like I should to save my capital. Or do I just need to relearn a strat? Thanks +Whenever I talk about break and retest/ SR/ MA crossover I get a lot of : “That won’t work it’s retail trading” / The banks will stop you out / Trade institutionally like me + +But their strategies seem overly complex and too focused on being right. + +I love using MA crossovers or signal based strategies as it helps with my objectivity and psychology. Spotting, patterns like I see with ICT, Wychoff has been quite difficult to me. + +With that said I think in order to be successful strategy alone isn’t going to work. I don’t use MA crossovers because I think they’ll predict the market perfectly, I use them because they give me an objective entry, paired with my two positions (one 1:1 R:R) the other trailing stopped, I have an edge over the market. + +Guess my question is, what do you think about the whole “my strategy / analysis is superior to yours” thing in the FX industry. I’ve seen people profitable with MA crossovers and others with Wychoff. + +Sometimes I feel like my strategy is too simple to be true +Thread here: https://www.reddit.com/r/news/comments/4hzenx/tesla_hellbent_on_being_the_worlds_best/ + +You have to search to find anyone saying anything remotely negative and there are numerous highly upvoted posts to the effect of "BUY TESLA! I'd buy more if I could!" + +People pretty much seem top be assuming Tesla is going to be hugely successful and come to be a massive player in the auto market, but even if that does become the case it's pretty much already priced in. + +And something makes me really queasy about hordes of layman raving about how great a stock is. Something something shoe shine boys. +SPY bouncing on 55EMA is always a buy indicator for me. I just bought up 100 SPY June 2022 $432 Calls. It may trade below that level for a bit, but I bought some time as well. This play has performed quite well for me in the past. + +https://imgur.com/a/1dcFCJ5 + +I have several dated calls on SPY as of now, and almost feel a bit over exposed right now, but plenty of cash to play short term puts on this uncertainty. These are the set and forget type of plays but Im addicted to the markets and will always be watching, trading other things. + +If anyone has any input, feel free to share. Hope you all stay safe and have a great holiday season. + +Stay profitable friends +I’ve seen multiple people here say they’re trading “naked options” when they just mean they bought a call or put. +A naked option is when you SELL an option and you don’t own 100 shares of the stock you sold an option on. +My only advice here is if you’re not clear on terminology please don’t sell a naked option because that has the potential for you to lose an awful lot of money. + +I’ve seen someone ask for advice about their naked option at least three times in the last day or two when they were describing a call that they’d bought so it seems to be a term that isn’t clearly understood by some new options traders. + +Edit: I’ve had several people message me asking if I know where a good place to learn is, Investipedia is a good place, if you’re an audio-visual learner then YouTube videos where the person is using the same platform you are is always helpful. + +Think or Swim (ToS) has a paper trading platform that I wish I had used early on to try some of the more advanced methods that won’t leave you to blow up your account on a stupid yolo. + +Using a platform that isn’t RH is always a good idea as well since they can have some pretty wide spreads and don’t show all of the data, like volume and last sale price that are important. Not helpful at all if you have a stock with almost no volume that makes a climb and you think you’ve hit the jackpot only to find you have no buyers. This is a big deal if things go sideways and you want to get out of a trade. +You can't buy indexes/ETFs, only individual companies, but fractional shares are allowed. Would you diversify into a bunch of companies, or just buy some with high yield and/or growth? I would like to hear your opinion. + Dividend (QYLD, JEPI, SCHD, ENB, BNS etc.) vs Growth equities (SPY, GOOG, AAPL, DIA, FB etc.) + +While it is true that many growth stocks pay some dividends but in general these stocks and ETFs are bought for their long term growth potential. + +Dividend equities on the other hand are mainly for dividend income or dripping. Growth is not the primary driver here. + +I am heavily into dividend stocks so my ratio of Dividend to growth equities is like 95% to 5% + +How about yours? +I started seeing so many misinformed posts about QYLD and dividend investing in generals so this is my replies and my justifications for choosing QYLD and similar ETFs and hope it helps people who are on the fence looking for some directions on how to proceed. Don't really care about what naysayers were saying since I have been doing growth investing for a long time but only started to switch recently. + +The amount of misinformation and FUD spread on this subreddit could be daunting and I am still not sure why some people who are so against dividends are even here ? Maybe feeling insecure about their investment choices and need to shit on people on the other side of the fence to feel better about themselves ? + +Here are the reasons I chose QYLD and other similar investment options: + +* I care about cash flow rather than some growth magic. There was a period where SP 500 didn't grow at all from 2000 - 2013. Growth is speculative and those stocks are only worth as much as the next people who are willing to pay for it. The values are not realized until you sell. +* Tax is a fact of life. Scared of tax ? May as well stop working, stop changing jobs to get pay raise, stop working hard to get promotion, bonus, etc... Tax gonna get you anyway, why bother ??? The point here is learn to live with tax. You can minimize it but not completely eliminate it. And I plan to move to income-tax free states in the future anyway so I will only pay federal income tax, not state income tax. +* Some of the returns from covered call ETFs like QYLD or NUSI are classified as return-of-capital. It will reduce your cost basis but are tax-free until you sell your shares which I never plan to do +* QYLD utilizes a tax straddle strategy that makes it very efficient for tax vs. trading your own options. Read this up: [https://www.globalxetfs.com/content/files/Global-X-Covered-Call-ETF-Tax-Primer.pdf](https://www.globalxetfs.com/content/files/Global-X-Covered-Call-ETF-Tax-Primer.pdf) and be ready to be mind-blown. +* QYLD and similar kinds like JEPI, NUSI are a good hedge against flat & down market. You need it as part of a balanced portfolio. Growth is not indefinitely, stocks will pull back. When it pulls back 30% what will you do ? Eating rice and bean rather than selling stocks at their bottom to meet your income need ? QYLD has been proven through multiple crashes to provide consistent income with consistent range that even some dividend etfs or companies couldn't do. +* The guy who invented 4% rule that FIRE people follow like Bible only studied for 30 years period and the guy apparently doesn't know what he's doing. He made recent comment about increasing the WR to 5% during the period where stocks are the most volatile in history and PE is to the moon. Lots of experienced fund managers have warned about a potential flat market in the next 10 years due to PE ratio right now in the unbelievable territory +* I do have growth vehicle: SCHD, VINIX (SP500), IHDG so I am not worried about growth. I only buy QYLD + JEPI + NUSI enough to meet my income need for FIRE then I start buying only growth or dividend growth etfs, no need to keep buying QYLD after I have sufficient income +* Financial security: you will never know when you lose your jobs, when you can't work anymore, etc.. Having focused on income etfs first and keep doing that till it meets your income needs will give you a mental safety net that you could have never imagined. Try switching your investment and have that 5k checks coming every month. You won't give a fuck about your work, your boss, COVID, etc... I guarantee it. +* QYLD does have its driving force for growth. Selling ATM calls against NASDAQ will get you \~3% per month, QYLD gives you back 1% and the 2% the fund managers will use it to ensure the funds doesn't collapse. QYLD will match NASDAQ returns if NASDAQ only increase at most 2% a month but it will miss the rest of the growth minus 2% monthly if NASDAQ increases beyond 2% such as after a crash, which explains why QYLD recovers much slower. Hence, comparing QYLD vs. NASDAQ is like comparing Apple to Orange, same underlying investments but different return-generating strategy. QYLD recovers much slower in the event of a crash but you can be sure that it will never go to zero unless NASDAQ crashes more often than it grows (which is not possible). However, if you are worried about stagnant values, you can choose funds like JEPI and NUSI which writes out of the money cover calls for lesser income but it comes with some growth prospect. On top of that they are all actively managed so fund managers can intervene and close calls early to make sure you don't miss the growth opportunity. + +So my final advice for fellow dividend investors and like-minded FIRE people is that do your own researches and make your own decisions. Lots of herd mentality here and make sure you choose whatever makes you comfortable with. +So I made the thought exercise of "What would I do if I had 100k to split across 10 companies?" This is what I came up with: + +&#x200B; + +**Technology** + +* MSFT +* AAPL +* INTC + +**Consumer non cyclical** + +* PG +* JNJ + +**Real Estate** + +* O +* MCD + +**Financial** + +* BLK + +**Pharma** + +* ABBV + +**Trash** + +* WM + +&#x200B; + +What do you think of the sector balance? Id reinvest the dividends and radically sell any stocks that cut their dividend and replace them with something with stable dividend growth. +Genuinely curious and looking for guidance. Why does everyone hold JEPI in such high regard? It’s a pretty new fund and its dividend seems to fluctuate a lot month to month +First off I just want to say I wasn't sure if I should post this in r/relationships or r/personalfinance but I figured this subreddit might be more objective and money focused. Let me know if this is the wrong place and I'll repost this there. + +So basically the title. I bought my own home (85k) last year and made a big renovation (20k). I have a 19 years left on my mortgage. Earlier this year I met a great guy and we're at the point where he spends every night at my place but doesn't have a key - yet. Logistically it's getting difficult because I need to be at home before he can leave for my place and since he's basically living here it would just be easier to make it official BUT I don't know how to handle the money aspect. + +The living expenses are 370€/month for the mortgage and 210€/month for the building maintenance fees. Every three months I pay water and electricity which is about 30€ per bill but might get higher with two people. Home insurance is currently free through my mortgage but if it changes it would be added to the other bills. He has offered to pay for the more expensive (currently free) internet since he would bring his gaming device and needs faster internet. Another expense to discuss/take into account are the groceries. + +For reference I make less than him but I don't exactly know by how much. My living expenses are bout 30% if my monthly income so splitting them down the middle would be maybe 15% of mine and 10% of his? He does have a car which he needs for work and it costs him about 300€ per month. I benefit from the car very minimally, only on weekends (and not even every weekend) since I bike to work during the week or take the bus in extreme weather. When We make longer trips I offer to pay half of the gas. Additionally, the parking space he currently uses costs 10€ and is included in the building maintenance fee. Should the car factor in to how we split the bills? + +I honestly don't know what would be the fairest way to split things. With every mortgage payment I own a bigger per cent of my home. If we split everything down the middle my net worth is growing and his isn't. If I keep paying 100% of the bills he lives rent free which, in my opinion, is only okay when someone still lives at home with their parents. My friends suggested I pay the mortgage and he pays all the other expenses but I feel like thats a little silly. Money is money no matter if it's marked water bill or mortgage. Not saying it should be 50/50 but I'm looking for a fair number, whether thats 80/20 or 50/50, and not so much what bill that number includes (if that makes sense). + +Hope all of this made sense. +Today's announcement shows that not only short didn't cover, but also they wanna make Apes feel that no matter what GME announces, the price isn't going to go up. + +I am certain that they doubled down on their short since last January as many DDs indicated. Things are unfolding in slow motion. Things have been very weird the last 6 weeks. + +There is a very nice mathematical/statistical DD that was posted 6-10 months ago (I will try to dig it up) showed that the short % is close to 900%. I am starting to believe it's north of this number. That's why, short will never cover, because it means their death. The only way to force them to close is by DRS or/and NTF dividend is issued. + +Apes will be rewarded bigly. For me, I stay patient, DRS and treat GME like my saving account. +The market isn’t going to crash. +First of all the sell off is just people who have been wanting to take profits because things were getting overheated, but no one really wanted to be the first one out. That has been resolved now and people are grabbing profits and piling up cash. + +So once this correction is finished what are they gonna do? Put their money in 10-year treasuries at less than 2% a pop? Come on. They’re gonna buy back into the market. There’s still no alternative. Cash will erode to inflation. + +If we accept the notion that inflation wasn’t transitory after all and will keep on going, then where are you gonna place your money? Gold? You want to be in the stock market, because the fed would have to raise rates by 5% to hit their 2% inflation target assuming 7% consistent YOY inflation as a new norm. They can’t raise rates by that much without bankrupting the US, crashing the housing market etc etc. + +They *might* raise them by 0.75%. That’s not going to make a dent in inflation. It does not behoove the government to fight inflation with their current enormous debt. Taxation through inflation is clearly the plan, and the most sensible way out. + +So here we are selling off to get into cash because things are overvalued. Overvalued? Some assets absolutely, but true inflation was well over 15% last year. The SP500 rose high 20%s, a lot thanks to the mega caps who by the way haven’t really caught up to inflation with their prices yet, but are making money hand over fist. +Either way if 15% of those 28% gains were inflation/money expansion, and we already dipped 10%, that leaves another 5% on the table. + +I think the sell off will overshoot by 5-10% and then rebound. In other words I’d expect another 10% drop before we go back up, albeit at a slower pace as the tapering begins and rates increase. + +The economy is in good shape. Low employment numbers, end of the pandemic, wages increasing. A new era of tech / AR coming. +I just really fail to see how this is anything but a bull trap. + +My life savings in bboz and bbus is bleeding out at this rate, and I thought last week was a roller coaster. + +Or have i and everyone else still on the bear wagon just missed the bbus? + +Discuss. +https://www.autoblog.com/2020/05/14/tesla-secret-electric-car-battery-million-mile-lower-cost/ + +Electric car maker Tesla Inc plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models, and allow EV batteries to have second and third lives in the electric power grid. + +For months, Tesla Chief Executive Elon Musk has been teasing investors, and rivals, with promises to reveal significant advances in battery technology during a "Battery Day" in late May. +Hey guys, hoping you can help us out with what direction to go. My fiancé is starting her masters degree soon and won’t be able to work while in school (lots of credit hrs, 20hr/week placement, homework, studying, research) and unfortunately my salary does not allow me to cover all her expenses (car insurance, medication, etc etc). + +We don’t have a ton of debt from school so an additional loan won’t hurt us too bad. Obviously it would be great to not take out a loan but unless an $80k job falls out the sky into my lap we need the extra help. When she’s done with her masters she’ll be making more than me so repayment shouldn’t be an issue. We both have great credit and here’s what I need help with- what kind of loan do we get? And is it possible to get one with a deferment of ~3 years? + +We have 3 existing loans with salliemae, two of them have very low interest rates (2%, $10k and $5k) but the third is high (10%, $10k). Would it be possible to take a loan that covers salliemae + cost of living for 2 years? Doing the math she needs about $15k/year so we’d be looking at maybe a $60k loan including salliemae and some car repairs on credit cards- but this is negotiable as I wouldn’t mind taking a smaller loan that doesn’t cover existing debt. I’m paying $425/m for salliemae as it is and I don’t think I can pay that + a new cost-of-living loan unless it’s deferred, hence my wanting the salliemae loans to be grouped in with the new loan. + +I know it’s a mess to read all this but I just don’t see us making it financially for the next 2 years without a loan to get through it. Any help is appreciated, thank you. +Simply put, there has been a lot of FUD surrounding exchanges since the FTX collapse, with a majority seemingly targeting Crypto.com (CDC). This post will hopefully clarify the more common FUD. + +As always DYOR and validate any information from third parties. + +Most of the FUD can be addressed in two steps: + +1. Visit [status.crypto.com](https://status.crypto.com/) to view any system outages. When people claim "CDC have stopped withdrawals", its easy to check if that's true. +2. Watch the recent [AMA](https://youtu.be/SQeqdR_nbNY) where the [CEO Kris Marzalek](https://twitter.com/kris) publicly addresses concerns regarding recent events. + +Here's a quick summary: + +"CDC have 20% of their reserves in SHIB, isn't that a shitcoin?" [(CDC proof of reserves)](https://portfolio.nansen.ai/dashboard/crypto.com) + +Well yes, these are what the users have bought. CDC is an exchange that holds its users funds 1:1 in a reserve. That means if you, the user, buys SHIB they actually store the exact amount of SHIB for you. How crazy is that? (Looking at you FTX) [Kris's Response](https://twitter.com/kris/status/1591213769841311744) and in the [AMA](https://youtu.be/SQeqdR_nbNY?t=893). + +"CDC had $1b of users funds in FTX!" + +False. Over 2022, CDC transferred a cumulative amount totalling $1B between CDC and FTX. At the time of FTX collapse, CDC only had $10m on the exchange. Kris addresses that [here](https://twitter.com/kris/status/1591928306097868800) and in the [AMA](https://youtu.be/SQeqdR_nbNY?t=1169). + +"CDC cant afford the hundreds of millions in partnership and sponsorship agreements!" + +Take the Crypto.com arena deal worth $700M over 20 years as an example. They don't pay the full amount upfront, rather they pay a small amount every year for 20 years. ($700m/20years = $35m per year estimated). CDC's brand awareness campaigns totals less than 10% of its [annual revenue](https://twitter.com/kris/status/1590990837588332546), which exceeded $1b for 2021 & 2022. Kris also discusses this in the [AMA](https://youtu.be/SQeqdR_nbNY?t=1663). They are also major sponsors of the Qatar 2022 world cup, which will have an estimated reach of over 5 billion people. + +"CDC transferred over 320k ETH to the incorrect wallet!" + +This is true. Although funds were not lost, they were simply transferred to another whitelisted wallet owned and in control by CDC. Kris address's that in the [AMA](https://youtu.be/SQeqdR_nbNY?t=2084) and in [this](https://twitter.com/kris/status/1591741801245052928?cxt=HHwWgMDQ1YOvgJcsAAAA) twitter post. + +Crypto.com [will be releasing](https://twitter.com/kris/status/1591036634283540480?cxt=HHwWgIDUsfTYv5QsAAAA) their full audited proof of reserves in the coming weeks. + +&#x200B; + +**Not your keys, Not your Crypto.** +[Tonight Congress made history by sending the first cannabis focused bill to Joe Biden's desk.](https://www.marijuanamoment.net/senate-lifts-hold-on-house-passed-marijuana-research-bill-with-expedited-vote-expected-soon/) + +> Just weeks after President Joe Biden issued a mass marijuana pardon and directed a review of the drug’s scheduling status, the U.S. Senate approved House-passed bipartisan cannabis research bill on Wednesday. It marks the first time a standalone piece of marijuana reform legislation has ever been sent to the president’s desk. + +> The bill “would eliminate the red tape that hinders cannabis research, opening the door for new innovative treatments derived from cannabis,” Schumer said ahead of the vote. “If you’re one of the millions of Americans who deals with conditions like Parkinson’s or epilepsy or post-traumatic stress, or any number of other conditions, cannabis might hold promising new options for managing these diseases.” + +> Just before the vote, Senate Majority Leader Chuck Schumer (D-NY) said on the floor that he is continuing to have “productive talks” about a broader package of cannabis reforms he hopes to pass before the end of the lame duck session. + + +I'm long $MSOS and tier 1 cannabis MSOs +Hey everyone. I am looking to see if my retirement plan makes sense to retire slightly earlier than normal for my job. I would like to retire at 60 years old. + + + + + + +Information: + +I am 33 years old + +Married with 2 kids + +13 years left to pay off mortgage + +$120k household income ($88k from me and $32k from my wife) + + + + + +Retirement thus far: + +We have $42k saved up in pre-taxes retirement services. + +We have $34k saved up in post-taxes retirement services. + +This is a total of $76k. We started saving a little late, so we are trying to catch up a bit. + + + + + +Contributions: + +We will be contributing $850 a month to the pre-taxes services, and $600 to the post-taxed services a month. + + + + + +Retirement: + +When I retire, I will get a pension that pays out $40k a year (this is with me doing the math for retiring early vs what the pension normally would be). My wife has no pension. + + + + + +If we continue to contribute the $1450 a month total, will that be enough for me to retire at 60 years old while keeping in mind that I will get a $40k yearly pension? + + +Thank you in advance for any information! + + + +EDIT: thank you to those who have responded with ideas for me to consider with my plan. It is much appreciated! +Cross-posted from r/personalfinance + +I just found out that I've inherited 100% of my mom's retirement account (401k rolled into traditional IRA). I'm much older than all my siblings, so I think she just never got around to changing the beneficiaries. Being the awesome person I am, I want to evenly split the money with my siblings. + +The group holding the account said that I need to create an inherited IRA, and that it wasn't possible for all of us to create separate ones and have money dispersed evenly. + +They also noted that any money that I withdrew would be considered income, even if I immediately gave it to my siblings. + +I'm in a higher tax bracket than they are (barely), and I'm fairly close to a large jump into a much higher one. + +Does anyone have advice on how to split this without me having to bear the taxation brunt? +Heyo! I live in NY and currently, we’re experiencing a pretty hot summer. Currently, the heat index is 109. It’s gotten as high as 121 in my bathroom (no window.) The coolest +My bedroom has gotten in weeks is 85. I’m very tired as it’s impossible to sleep with that. + + +I have a fan but no air conditioner. I’ve been sweating a lot but am trying to drink to compensate. However, I have 4 bottles of water I have to make last until Friday so I’m not drinking nearly as much as I should (would drink tap but it tastes like very strong pool water.) I’m in a Crohn’s flair, so losing fluids there, too. + +I’ve been feeling weird lately. Sort of lightheaded and out of it. Kind of like my consciousness is ‘blinking’ in and out for lack of a better description. + +I know my cognitive skills are suffering because things like playing piano and guitar are becoming more and more increasingly difficult. + +Anyone have any advice on what I can do? I would just get an AC, but a case of water is more money than what I have atm. I literally and honestly don’t even have $1. + +I watched a conference with Buffett a few months ago. Basically he had a chart of the top 30 companies in the world by market cap 30-40 years ago or so. Not a single company of those 30 are in the list of the top 30 companies by market cap today. + +So, which large cap stocks do you believe are our Sears or GE equivalent today? i.e. large cap companies that everyone believed there was a promising future for, that resulted either in mediocrity, steep decline in revenue/share price, or out right bankruptcy. +Reading about market crashes at the moment and - if I understand this right - the whole passive investment index thing was only invented in 1975, so presumably, anyone who had money in the sock market in the past had to have owned shares / invested in mutual funds and could have lost everything if those companies went bust. + +This got me thinking, it’s a pretty bizarre idea that you can have money invested in something as abstract as an index and no matter what happens to the global economy or any company, your money is safe if you just wait long enough for any market crashes to come good again. + +My question is: if there was a 1929 style global recession now and say 50% of ftse100 companies went bust (I’m not saying this is what actually happened in 1929) and the market took let’s say 15 years to recover, is your money safe? Would the bankrupted companies just be replaced by other companies that the index would track? + +Is there any scenario in which someone decides hey, the global economy has been devastated, we’ll close this index and anyone who put there money in it will have to accept a loss? + +It’s just hard to accept that in the past you could lose everything on the stock market whereas now it’s impossible because of indexing. + +Thanks +Just joined fatFIRE and I have to say, I am impressed. You all are killing it....I know it's bad to compare yourself to others but I think it's human nature. I thought I was doing well but coming here...not so sure. + +Did the majority of you come into wealth? All self made? Grow up wealthy? +My mom is 51 years old and has little to no savings. She’s been divorced for over 10 years and got little to nothing from the divorce - neither of them had much money or assets to their names at the time. She lives alone in a pretty expensive part of the country (Sonoma) and earns enough for rent and basic expenses through her part time job but not nearly enough to put money aside for savings and her eventual retirement. She is passionate about yoga and personal wellness so she invests most of her time towards studying those subjects and developing a related business. She’s diligently working towards some day having a private practice where she coaches individuals on these subjects, but I fear (and unfortunately predict) that her plan may never come to fruition. With that in mind, my fear is she’ll continue to age without any growing savings or significant source of income. + +I’m 31 years old and feel very financially stable. I run a successful business that has allowed me to generate a good steady income and set up a retirement plan that (if all continues well) will guarantee a very comfortable future for my wife and I. + +With the holidays approaching I started thinking what a good gift for my mom would be. I wondered if instead of buying her a book or a yoga mat or what have you, I could give her something more valuable, something that would make a significant difference in her life and future. Her financial instability and future uncertainty is something that I know takes a lot out of her and also concerns me on a near daily basis. + +One thought that came to mind is gifting her a retirement plan - setting it up and proposing to contribute to it monthly for the rest of her life (subject to change based on my personal ability to do so). I feel this would be better than giving her cash she would probably spend rather than save or invest. I also feel it wouldn’t strain me much - it would be spread out over time instead of a lump sum, and it would give me peace of mind knowing the money was being set aside for something good (retirement, emergencies) rather than spent on recreation, bad investments, trips, etc. + +Any thoughts, ideas, suggestions? + +I don’t post much here so if someone has any recommendations on another or better place to post this question please let me know! Thank you +[https://www.bloomberg.com/news/features/2021-04-06/citadel-securities-feels-the-heat-of-the-political-spotlight](https://www.bloomberg.com/news/features/2021-04-06/citadel-securities-feels-the-heat-of-the-political-spotlight) + +&#x200B; + +For the world of finance, it was must-watch TV. A U.S. congressional committee summoned an odd assortment of Wall Street characters to testify about a saga that captured so much public attention it was discussed on Good Morning America. How did amateur traders, billionaire hedge fund managers, social media posts, and an opaque market structure fuel a dizzying surge, and sudden crash, in the shares of video game retailer GameStop Corp.? + +&#x200B; + +But for Wall Street’s savviest, one person in particular mattered most of all. It wasn’t social media star Keith Gill, also known as Roaring Kitty or DeepF---ingValue, despite his viral memes and legions of Reddit fans. It wasn’t Gabe Plotkin, the hedge fund manager whose company lost billions after its short-selling positions were crushed. It wasn’t even Vlad Tenev, co-founder of retail brokerage Robinhood Markets Inc., who’d incensed customers by abruptly suspending trading in GameStop. + +Instead, Wall Street insiders tuned in to see how Ken Griffin, the gray-haired 52-year-old hedge fund billionaire, would handle the glare. Over the past 19 years, with little public attention, Griffin has built his startup, Citadel Securities, into one of the world’s dominant trading enterprises. The closely held firm has become a key part of the plumbing underlying the U.S. stock market and is rapidly expanding into others. As recently as January, Goldman Sachs Group Inc. executives told colleagues at an internal trading division town hall that they viewed Griffin’s firm as a bigger competitive threat than long-established European rivals, according to people who heard the remarks but weren’t authorized to speak about them publicly. + +Griffin is probably best known to the public for his $34 billion hedge fund business, his political clout, and his expensive taste in art and property. Meanwhile, Citadel Securities rode a 2020 retail trading surge to a record $6.6 billion in revenue, almost double its previous high, according to a person familiar with the results who wasn’t authorized to reveal them publicly. And if the meme stock frenzy is any indication, 2021 revenue may be a lot higher. Citadel Securities has grown from a small group built alongside Griffin’s hedge fund to a global trading behemoth dominating not only U.S.‑listed markets but also international ones, and pushing into investment banks’ favored products. + +Helped by regulations that curtailed banks after the 2008 financial crisis, propelled by its state-of-the-art technology, and pushed forward by the ultra-ambitious Griffin, Citadel Securities isn’t in the shadows anymore. But as the congressional hearing revealed, the spotlight brings its own peril. As politicians and regulators examine how one company came to control so much of the market, and what risks exactly that poses, Griffin and his firm will try to maintain the relative independence that has fueled Citadel’s growth. + +&#x200B; + +CITADEL SECURITIES started operating as a registered ­broker-dealer in 2002, but a key turning point was the financial crisis. The turmoil in the markets came close to destroying Griffin’s hedge fund, a multistrategy giant he’d been running for almost two decades that was separate from Citadel Securities. The hedge fund was losing hundreds of millions of dollars a week, and TV news vans sat parked outside its Chicago headquarters expecting its imminent collapse. + +&#x200B; + +The firm pulled through, and Griffin saw an opportunity. Politicians, alarmed by the bailouts required to save Wall Street’s biggest banks, passed the Dodd-Frank Act to ensure they’d never need such assistance again, and regulators set about imposing new rules. So Griffin started a full-service investment bank that was largely outside the scope of that new regulation. Citadel Securities, which already made markets in equities and options, expanded into research, underwriting, and mergers-and-acquisitions advice. + +&#x200B; + +But the firm soon learned that its edge in technology and trading wasn’t all that relevant to those businesses and that the banks’ entrenched relationships with corporate customers were hard to displace. Griffin abandoned the effort after about two years to refocus the firm on electronic trading. + +This plan proved more fruitful. The post-crisis Dodd-Frank rules required banks’ trading desks to set aside more capital to cushion against potential losses, prohibited them from taking certain kinds of risk, and generally subjected them to more oversight. Even paying annual bonuses to employees drew scrutiny from regulators, giving nonbanks including Citadel Securities a hiring advantage. And rules that moved most interest-rate swap trades to clearinghouses helped to standardize that business and make data more transparent. That made it easier for new companies to compete, and Citadel Securities moved in aggressively, seizing market share. + +&#x200B; + +“Due to the great work of the House and Senate on the back of Dodd-Frank, we permitted competition to exist in the interest-rate swap market,” Griffin said at a ­congressional hearing on Feb. 18. “I’d like to express my gratitude for Dodd-Frank’s derivatives reform.” + +&#x200B; + +Citadel wasn’t the only nonbank to try to muscle in on the banks’ territory after the Dodd-Frank rules came into effect, but it was by far the most successful. A few months after Jon Corzine, the former head of Goldman Sachs and New Jersey governor, took charge of futures and options broker MF Global in 2010, he declared that “we’re a broker on our way to being a broker-dealer on our way to being a full-line investment bank.” But the company imploded in late 2011 after bets on European government debt went sour. + +In the past the Securities and Exchange Commission didn’t show much concern about market dominance, Rowady says. “That seems to me to be very dangerous, not because there are no other players, but because over time it weakens the other players that could be competitive. It’s the essence of concentration risk.” + +&#x200B; + +“It’s like the Amazonization of listed markets” + +&#x200B; + +The attitude of regulators may be changing. Gary Gensler, the Biden administration’s nominee to lead the SEC, raised the issue at a hearing in March to consider his nomination. If “one firm now has 40% to 50% of the retail order flow, what does that do to pricing of capital in this country?” he asked. “What does it mean to be best execution in this context?” + +&#x200B; + +In the wake of the financial crisis, many of the institutions that Citadel Securities competes with, including Goldman Sachs and Morgan Stanley, were designated “systemically important” under Dodd-Frank. That designation imposes additional capital requirements and Federal Reserve oversight because of the risk that a problem at any one of those companies could jeopardize the entire financial system. + +&#x200B; + +But in 2019 the council changed how it analyzes ­financial companies that aren’t banks. Now each of those entities is designated systemically important only as a last resort, after regulators have worked with the company to address potential risks. “The process would probably take years and, in my view, probably go beyond a Biden first-term administration,” says Nathan Dean, an analyst at Bloomberg Intelligence. + +&#x200B; + +Some politicians say that revision could leave systemically important nonfinancial companies without needed oversight. Representative Jesús García, a Democrat from Illinois and a member of the House Financial Services Committee, says the rule change was driven by a deregulatory impulse within the Trump administration, enabling “their friends in finance to make as much money as they can with the least amount of accountability, disclosure, and regulation.” + +&#x200B; + +But others say that Citadel’s focus on trading liquid, centrally cleared products is likely to limit the systemic risk the company poses. “There are a decent number of nonbank financial firms like Citadel Securities where, if one of them had an issue, you could see some short-term disruption to liquidity,” says Kevin McPartland, head of research in Greenwich Associates’ market structure and technology group. “But that’s very different to the idea of a bank failure, which would see a huge amount of capital wiped out overnight.” + +&#x200B; + +Politicians have raised two other regulatory issues that could affect Citadel Securities. Democrats such as Senator Elizabeth Warren from Massachusetts and Representative Alexandria Ocasio-Cortez from New York say the rebates that market makers such as Citadel pay to retail brokers including Robinhood for routing orders to them—known as “payment for order flow”—obscure the true cost of trading and give the brokers an incentive to push their customers to trade more often. + +&#x200B; + +“When big sharks like Citadel and Robinhood come out ahead no matter what happens, and when the information they gather isn’t disclosed, and when it’s secret how that information is used, it’s easier for these giants to skim off the top at the expense of small investors,” Warren said at a Senate banking committee hearing in March. + +&#x200B; + +Griffin said at the House hearing in February that “with respect to order flow we simply play by the rules of the road. Payment for order flow has been approved by the SEC. It is a customary practice within the industry. If they choose to change the rules of the road and we need to drive on the left side instead of the right side, that is fine with us.” + +&#x200B; + +A tax on financial transactions has won some support from Democrats in Congress as well as in state legislatures. In a testy exchange with Griffin at the House hearing in February, Representative Rashida Tlaib from Michigan said taxing trades would “ensure that this enormous wealth generated on Wall Street actually reaches the real economy.” Such a move would probably reduce the overall volume of trading, hurting Citadel’s profits and potentially imperiling its high-frequency trading strategies. Griffin said it would “injure Americans hoping to save for retirement.” + +&#x200B; + +Questions about these regulatory issues were also raised at confirmation hearings for Biden administration nominees including Gensler and Treasury Secretary Janet Yellen, signaling that a Democratic administration could bring the relatively positive regulatory environment for Citadel Securities to an end. + +&#x200B; + +IT DOESN’T HELP that Griffin, who owns at least 75% of Citadel Securities, is something of a poster child for inequality. With wealth of about $22.3 billion, according to the Bloomberg Billionaires Index, he’s spent a fortune on trophy residential properties and artworks, as well as philanthropy. + +&#x200B; + +His successful campaign to fight a proposed tax increase on the wealthy in Illinois last year angered proponents such as García. “Our state is hurting. Revenues are down because of Covid—that hurts working-class communities, and yet we saw Ken spending $54 million to defeat a graduated tax increase on the very rich,” García says. + +&#x200B; + +But, as the Illinois tax campaign showed, Griffin knows how to use his money to influence policymakers. Citadel Securities’ government and regulatory affairs staff has grown to four people from one person a decade ago. Griffin’s political donations grew, too, from $2.6 million in the 2012 election cycle to $66 million last year, making him the ­second-biggest conservative donor after Sheldon and Miriam Adelson, according to the Center for Responsive Politics. + +&#x200B; + +A Citadel spokesperson says Griffin’s donations are personal and not connected to the company’s lobbying activities. + +&#x200B; + +In the past, Griffin’s donations helped him gain extraordinary access to political leaders. After giving more than $1 million to elect Rahm Emanuel, a Democrat, as Chicago’s mayor, Griffin wrote to the mayor’s personal email account about topics such as gunshots near a school and hard-to-see speed bumps that damaged his car, according to correspondence made public by Illinois’s Better Government Association. (After the emails were revealed, Chicago banned municipal officials from using their personal email accounts for business related to the city.) + +&#x200B; + +Griffin is very connected in D.C. Republican circles. Early in the pandemic he spoke with then-President Donald Trump and Vice President Mike Pence about accelerating Covid treatments, and he helped Secretary of State Mike Pompeo facilitate the evacuation of more than 800 people from Wuhan, China. But Griffin says political affiliation isn’t important: “What matters is the receptivity to resolving the problem.” + +&#x200B; + +At the congressional hearing in February, Griffin received gentler treatment from Republicans compared with the charged exchanges he had with some Democrats. “I just wanted to make sure, Mr. Griffin, you had that opportunity to feel comfortable with the explanation of that best execution,” Representative Bill Huizenga, a Republican from Michigan, said at one point. + +&#x200B; + +And Representative Trey Hollingsworth, a Republican from Indiana, seemed keen to help Griffin promote his ­company’s contribution to the markets and society. “Certainly there’s been a significant amount of evidence supporting the advantages market makers offer retail investors,” he said. “Through sophisticated infrastructure and high-speed technology, bid-ask spreads have decreased from 33¢ to less than a penny over the last five decades and, according to some research, saved retail investors $1.6 billion just in the first six months of last year alone.” + +&#x200B; + +“It’s really difficult to see how the sausage is made behind the scenes” + +&#x200B; + +Citadel, like many other financial companies, has also cultivated high-level ties with its regulators. Former Federal Reserve Chairman Ben Bernanke is employed as a senior adviser to the hedge fund. Yellen, who was Bernanke’s successor at the Fed, collected more than $800,000 in speaking fees from Citadel between her position as Fed chair and becoming Treasury secretary. Citadel Securities also employed Steve Luparello, previously the SEC’s director of trading and markets, as general counsel, and recently hired Heath Tarbert, former chairman of the Commodity and Futures Trading Commission, as its chief legal officer. + +&#x200B; + +Citadel’s and Griffin’s extraordinary role in the GameStop trading saga attracted the ire of amateur investors on Reddit and other sites. They thought they saw something suspicious: one billionaire who controlled both the company paying for so many of their orders and the hedge fund investing in one of the GameStop short sellers. They questioned whether Robinhood shut down GameStop trading on Citadel’s orders. Citadel has strongly denied having any role in Robinhood’s decision, and Robinhood said it halted trading in GameStop because of collateral requirements. + +&#x200B; + +QuickTake: How a Collateral Call Put a Pause in GameStop Mania + +&#x200B; + +Citadel Securities’ position executing orders instead of directly facing retail customers could work to its advantage. At the February hearing and on social media, politicians focused their attention on Robinhood—a consumer brand name that gained prominence with the surge in day trading—instead of Citadel. Citadel’s role remains something of a black box to outsiders. For policymakers, “it’s really difficult to see how the sausage is made behind the scenes,” says Representative Cindy Axne, an Iowa Democrat and a member of the House Financial Services Committee. + +&#x200B; + +So far the GameStop episode has shed a little light into the poorly understood part of the financial world that Citadel Securities has come to dominate. But even the most well-­connected firms can’t avoid regulatory scrutiny when the public outcry grows too great–just ask Goldman Sachs and Wells Fargo & Co. The question remains whether Citadel, after benefiting from changes that policymakers and regulators have made in recent years, will find itself in their sights. —With Sridhar Natarajan, Amanda L. Gordon, Annie Massa, and Nick Wadhams +EDIT: Symptoms vs No symptoms, that is the question + +He is tested all the time. Now, one if them is positive. + +It is important to note this: Almost all of the data we have on outcomes of patients with COVID19 are from cohorts WITH SYMPTOMS. NO SYMPTOMS, NO GOOD DATA. + +__________________________________________________________________________________ +EDIT2: BONUS TRADE! When shit hit the fan, what did the president's team do? They gave him REGN-COV2, from REGENERON (REGN $584 @9:00PM CST 10/2) It's an experimental drug, NOT FDA CLEARED, that sounds like basically an antibody infusion (similar to receiving plasma infusions from previously infected donors. + +If I had to guess, I'd say the drug delivers more consistent and measurable doses of antibodies than if transfused with plasma which would be a more inconsistent dosage per dose. + +HERE's the upside! + +The president will most likely recover with or without the drug, and it will not be clear if it helped at all. To me, that hedges against sell off in the event of his demise. + +__________________________________________________________________________________ + +Trump’s risk for poor outcome with COVID19 is relatively high given his age, obesity, sex, and medical problems not previously disclosed. + +the median time from onset of COVID symptoms to the time the person is intubated is 11 days. + +IF TRUMP IS ADMITTED TO THE HOSPITAL, HE IS LIKELY VERY ILL. he will likely otherwise receive care within the white house unless his condition worsens. + +HOWEVER, there will be a low threshold to admit him to the hospital because he is the president, and he will be put in intensive care regardless because he will receive 1:1 care + +All patients 70-79, have 8% risk of death + +If he is placed on ventilation (non-invasive bi-pap OR invasive intubation, his risk of death is 63% for all patients 70-79, equal men vs women, screwed higher for (Obesity, male, heart disease) + +if he receives invasive or noninvasive ventilation, he has 29% risk for dialysis, and if placed on dialysis, risk of death is 79%. + +median length of ventilation for all ages is 14 days. + +FINAL CONSIDERATION, It isn’t death that is the deciding factor, it is the question: Can he fulfill his duty as President? + +ride your position until OCT 9-10, then take your profits. + + +EDIT: KEY point here: Admission to the hospital (not his "Check up" at Walter Reed at current) is the trigger. Also, we don't know if he is symptomatic, or simply has a "Positive" test. Yes I am aware he will be there a few days, but he is receiving an experimental drug that has not cleared the FDA and will require monitoring for adverse reactions. It appears that he basically needs a controlled setting for the drug, not so much an "Admission" for COVID 19. I don't buy that he would be there if not for the drug. He would be at home. +Sorry if this is in the wrong channel but it's the best I can think of. Using my throwaway because my main is known among friends. + +Tl;dr: a debt collector is after me for money I do not owe, but ignores my every contact to correct them. What can I do? + +(Edit: thanks all who've commented. General feeling is to write them a standard letter to leave me alone unless they can prove the debt, so that's what I'm doing - have used a template helpfully provided below, sending signed delivery (and the magic words "dispute the debt". After that point if they make further contact without adjustment, I believe that counts as harassment... Even though I'm not sure what to do with that. + +I'm kind of terrified at the thought of this going to small claims court, but apparently I can just send evidence and not go personally? + +Further, a few people have assumed I owe nothing, and to stop saying I'm happy to pay... I did use an energy service and therefore surely owe the cost of the electricity, they just keep failing to charge me correctly. Right? Or should I assume that dies with the supplier?) + + +Will gladly repost elsewhere if someone can recommend a more appropriate channel. + +To briefly explain: I was with an energy supplier who, simply, got my bill wrong. Flat wrong. I refused to pay a bill which is 2-3 times more than it should be. I stated, multiple times, that I would happily pay when the bill was corrected. After filing a complaint and getting no response, I went to the Ombudsman, who found in my favour and told them to correct the bill. + +They didn't; instead, they ceased trading. Because my bill is unpaid, they've passed my account onto a debt collector, who quickly sent me emails and letters demanding I settle the bill. I promptly forwarded my latest email to the supplier, explaining that I can't pay the balance because the balance is completely wrong. + +I emailed the Ombudsman who said that they have no power over debt collectors and because the energy company has ceased trading, the complaint is effectively closed. + +I emailed CAB, who basically said to write to the administrator: who I originally thought was the Debt Collector. Mow I don't know who the administrator is. + +The Debt Collector has now essentially sent me final notice, that they'll take further action if I don't pay within the week... So I: +- forwarded my email (which they never replied to) +- have called them daily since final notice (no one picks up the phone) +- emailed again, every day, asking for confirmation that they're actually getting my emails. + +I don't know what to do anymore. I've been yelling into the void for MONTHS on this, coming up against company after company who seem to have the power to willfully ignore me until I end up with a financial black mark. I'm now desperately following the approach of trying to be as annoying as I can until they respond, but it's not working. + +The only other advice from CAB is to write and send recorded delivery so they can't pretend they don't get the letter. Should I try this? Who else should I be writing to? How do I make this go away? Do I have to go to small claims court, if so when? Are they going to put a mark on my financial record? + +Also, I can't just pay the bill and be done with it. It's partly the principle, partly because then it's more difficult to get the difference back, partly because the bill is at least £1k more than it should be so... Affordability is a problem. + +Please, please help me. +&#x200B; + +[EXPERIMENT – Tracking 2018 Top Ten Cryptocurrencies – Month Forty-Nine – UP 4&#37;](https://preview.redd.it/vp6ri27e2ji81.png?width=666&format=png&auto=webp&s=490548527c182d98a6a5b2bf68952307eea6b792) + +***Find the full blog post with all the tables*** [***here***](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-49)***.*** + +Welcome to your monthly no-shill data dump: Here's the 49th monthly report for the 2018 Top Ten Experiment featuring **BTC, XRP, ETH, BCH, ADA, LTC, NEM, DASH, IOTA,** and **Stellar.** + +**tl;dr** + +* **What's this all about?** I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for over four years. Did the same in 2019, 2020, 2021, and 2022. ***Learn more about the history and rules of the Experiments*** [***here***](https://toptencryptoindexfund.com/about/)***.*** +* Snapshots taken on the 1st of each month. +* **January Highlights:** (crickets) +* **Overall since Jan. 2018:** **ETH** solidly in the lead, followed by **BTC** and **ADA**, the only three in the green. +* **2018+2019+2020+2021+2022 Combined Top Ten Portfolios are returning 224%.** +* Reminder: I'm focusing mainly on the 2022 Top Ten Portfolio this year and will release one other bonus update per month on a rotating basis. + +## Month Forty-Nine – UP 4% + +https://preview.redd.it/fqkjno1z5ji81.jpg?width=939&format=pjpg&auto=webp&s=69b83bb2e4f564346525afc6d789432f3c5d9212 + +The 2018 Top Ten Crypto Index Fund Portfolio is **BTC, XRP, ETH, BCH, ADA, LTC, IOTA, NEM, Dash,** and **Stellar**.   + +January highlights for the 2018 Top Ten Portfolio: + +* A rough start to 2022 and the **second 100% red month in a row**. **Bitcoin** (-18%) falls the least. +* **ETH** maintains a solid overall lead, **BTC** in second place, **ADA** in third.  Only these three cryptos are in the green since January 2018. +* **The 2018 Portfolio drops -30% in January, now just +4% since January 2018** and well behind the S&P 500’s ROI over the same time period. + +## January Ranking and Dropouts + +Here’s a look at the movement in the ranks since January 2018: + +https://preview.redd.it/temsfw736ji81.jpg?width=406&format=pjpg&auto=webp&s=976f2b628fad278e6fdd065c9474fa3de3bc233d + +**Top Ten dropouts since January 2018:** After four+ years of the 2018 Top Ten Experiment, only 40% of the cryptos that [started in the Top Ten](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) have remained.  **NEM, Dash, Stellar, Bitcoin Cash, IOTA**, and **Litecoin** have been replaced by **Binance Coin, Tether**, **DOT, SOL**, **LUNA**, and **USDC.  NEM** looks like it wants to be the first to drop out of the Top 100. + +## January Winners and Losers + +***January Winners*** –  100% red month, but **Bitcoin** dropped the least, ending January down -18%. + +***January Losers*** –  **IOTA**, dropping -38% this month. + +## Tally of Monthly Winners and Losers + +After forty-nine months, here’s a tally of the monthly winners and losers over the life of the 2018 Top Ten Experiment.  + +https://preview.redd.it/x444xoc66ji81.jpg?width=415&format=pjpg&auto=webp&s=4ec6e2bedb557270570fd6ce5af8adeca79d3abb + +With 12, **Bitcoin** has three more monthly wins than second place **Cardano**.  **NEM** has finished last place most often (12 months out of 49). + +**Bitcoin** is still the only cryptocurrency that hasn’t yet lost a month since January 2018 (although it has come very close a couple of times). + +## Overall Update –  A bloody start to 2022. Overall ETH in first place, BTC is second place. Dash in last place. + +After reaching an All Time High (+72%) in [October](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-46), the 2018 Top Ten Portfolio continued to lose value.  After four years of holding these cryptos, only 3 out of the 10 cryptos are in the green: **BTC,** **ETH,** and **ADA.** + +Overall, first place **ETH** (+285%) is well ahead of **BTC** (+193%) and third place **ADA** (+60%). + +The initial $100 invested in first place **ETH** four years ago?  It’s worth $386 today. + +**DASH** is at the bottom, down nearly -91% since [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/)**.**  The initial $100 invested in **DASH** forty-nine months ago is worth about $9 today.   + +## Total Market Cap for the entire cryptocurrency sector: + +https://preview.redd.it/jnwd1kn96ji81.png?width=582&format=png&auto=webp&s=86f05288589b3d9750278a9ca483846f2441e911 + +End of January 2021 market cap: **$1,773,545,018,753** + +The total crypto market dropped significantly in January.  That said, crypto as a sector is up +208% since [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/).   + +There was no easy way to achieve this at the time, but if you were able to capture the entire crypto market since New Year’s Day 2018, you’d be doing much, much better than the Experiment’s Top Ten approach (+4%), the return of the S&P (+70%) over the same period of time, and nine of the individual cryptos within the 2018 Top Ten (except for **Ethereum)**. + +Crypto Market Cap Low Point in the 2018 Top Ten Crypto Index Experiment: **$114B in** [**January 2019**](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-thirteen/). + +Crypto Market Cap High Point in the 2018 Top Ten Crypto Index Experiment: **$2.65T in** [**October 2021**](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-46/)**.** + +## Bitcoin dominance: + +https://preview.redd.it/g0b69nkb6ji81.png?width=487&format=png&auto=webp&s=0855ec69693427885b1069d5e007158e15329ece + +**BitDom** ticked up one percentage point in January, ending the month at 41.2%.  When looking at the entire four year 2018 Experiment time frame, **BTC** dominance is near the low end.  For context:    + +Low Point in the 2018 Top Ten Crypto Index Experiment: [**33% in January 2018**](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one). + +High Point in the 2018 Top Ten Crypto Index Experiment: [**70.5% in August 2019**](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-twenty/). + +## Overall return on $1,000 investment since January 1st, 2018:  + +https://preview.redd.it/dzik21kc6ji81.jpg?width=340&format=pjpg&auto=webp&s=5226e53ab2f3057f5e16ba0b99a9a31671f1b7eb + +The 2018 Top Ten Portfolio lost -$306 in January.  Believe it or not, December was slightly worse for this portfolio (-$325). + +If I decided to cash out the 2018 Top Ten Experiment today, **the $1000 initial investment would be worth $1,035**, up 4% from [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/).   + +Green is unfamiliar territory for the 2018 Top Ten Portfolio and a recent development.  Over the first four+ years of the 2018 Index Fund Experiment, thirty-eight months have been in the red, with only eleven months of green.  All eleven of the green months have come in 2021/22.  + +Here’s a look at the ROI over the life of the experiment, month by month, since the beginning of the 2018 Experiment four years ago: + +https://preview.redd.it/qqw0snxf6ji81.jpg?width=760&format=pjpg&auto=webp&s=0976074dcd6d26331aaaa245aab3d558cd69c328 + +The all time high for this portfolio is [October 2021](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-46) (+72%).  The lowest point was in January 2019 when the 2018 Top Ten Portfolio was down [\-88%](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-thirteen/).    + +Remember: no one can predict the value of any crypto tomorrow, let alone next month or next year.  The 2018 Top Ten Crypto Portfolio was down -88% after one year, -80% after two years, -25% after three years. + +## Combining the 2018, 2019, 2020, 2021, and 2022 Top Ten Crypto Portfolios + +Alright, that’s that for the 2018 Top Ten Crypto Index Fund Experiment recap. + +But I didn’t stop the Experiment in 2018:  I invested another $1000 into each of the ***2019***, ***2020, 2021,*** ***and*** [***2022***](https://toptencryptoindexfund.com/announcing-top-10-2022/) Top Tens as well.  How are the other Crypto Index Fund Experiments doing?    + +* [2018 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-49): up +4% (total value $1,035) +* 2019 Top Ten Experiment: up +364% (total value $4,639) +* 2020 Top Ten Experiment: up +577% (total value $6,766) +* 2021 Top Ten Experiment: up +201% (total value $3,009) +* 2022 Top Ten Experiment: down -25% (total value $747) + +So overall? Taking the five portfolios together, here’s the bottom bottom bottom bottom *bottom* line:  + +**After a $5,000 investment in the 2018, 2019, 2020, 2021, and 2022 Top Ten Cryptocurrencies,** the combined portfolios are worth **$16,196.** + +**That’s up +224%** on the combined portfolios, **down from** [**November’s all time high of +553%**](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-47) for the combined Top Ten Index Fund Experiments.  Here’s the combined monthly ROI since I started tracking the metric in January 2020: + +https://preview.redd.it/8m9uctlj6ji81.png?width=600&format=png&auto=webp&s=60e62c5720dff1128ee607c445c6c853c596e704 + +***That’s a +224% gain by investing $1k in whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for five years in a row.*** + +## Comparison to S&P 500: + +I’m also tracking the S&P 500 as part of the Experiment to have a comparison point with other popular investments options.   + +https://preview.redd.it/nxudx2vn6ji81.png?width=582&format=png&auto=webp&s=5d7305ca4e89e11fe0a5d71b45112afdc86c7416 + +The S&P 500 is up +70% since January 2018, so the initial $1k investment into crypto on [January 1st, 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) would be worth $1,700 had it been redirected to the S&P.   + +Taking the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments, the yields are the following: + +* $1000 investment in S&P 500 on January 1st, 2018 = $1,700 today +* $1000 investment in S&P 500 on January 1st, 2019 = $1,810 today +* $1000 investment in S&P 500 on January 1st, 2020 = $1,410 today +* $1000 investment in S&P 500 on January 1st, 2021 = $1,210 today +* $1000 investment in S&P 500 on January 1st, 2022 = $950 today + +Taken together, here’s the bottom bottom bottom bottom *bottom* line for a similar approach with the S&P:  + +**After five $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, 2021, and 2022 my portfolio would be worth $7,080.** + +That is up **+42%** [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) compared to a **+224%** gain of the combined Top Ten Crypto Experiment Portfolios. + +Here’s a fancy new chart showing the four year ROI comparison between a Top Ten Crypto approach and the S&P as per the rules of the Top Ten Experiments:  + +https://preview.redd.it/oyo0c99q6ji81.png?width=575&format=png&auto=webp&s=f426556b1975b3e706e89121b37b083f1295d007 + +## Conclusion: + +Many thanks to the long-time Experiment followers, appreciate you taking the time to follow along over the years.  For those just getting into crypto, welcome! I hope these reports can somehow give you a taste of what you may be in for as you begin your crypto adventures.  Buckle up, think long term, don’t invest what you can’t afford to lose, and try to enjoy the ride! Feel free to reach out with any questions and stay tuned for monthly progress reports. Keep an eye out for my parallel projects where I repeat the experiment, purchasing another $1000 ($100 each) of new sets of Top Ten cryptos as of [January 1st, 2019](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-36), [January 1st, 2020](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-24), [January 1st, 2021](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-12), and most recently, [January 1st, 2022](https://toptencryptoindexfund.com/announcing-top-10-2022/). +Out with the safety drivers, in with the remote overseers. + +[https://arstechnica.com/cars/2020/10/waymo-finally-launches-an-actual-public-driverless-taxi-service/](https://arstechnica.com/cars/2020/10/waymo-finally-launches-an-actual-public-driverless-taxi-service/) + + +Hi all, thought I would reach out to the infinite wisdom that is reddit for some thoughts! + +I am a Sales Mgr in a UK Tech company with 5 years experience in the industry. Have a great relationship with everyone in a relatively small team; but challenges have been that the product is still trying to find its own in the market. My boss (who is now leaving) and I have been working to change this since 2018. + +As the Head of Sales is a friend as well as a colleague, he confided in me that he received an offer elsewhere - bigger pay, bigger responsibility & better product - a competitor essentially; and will be jumping ship. No one else knows yet. + +I am coming up to the 2 year mark in a few months, and unless sales really start picking up, I too was considering exploring other options. My aim was to reach the 2 year mark for CV reasons as don't want to be seen as job hopping. + +As the team is small, I would be the obvious next in line for the Head role, but there are a few scenarios here: + +\*They might not think I have the experience and hire someone else. + +\*They might offer me the role, but try and negotiate on the salary/bonus side, due to less experience. (again, I know how much the Head of Sales is currently earning exacty -they don't know I know...) + +\*They might try and retain me by increasing pay in current position, but not giving me the role. + +\*They get someone else in and tell me to suck it(!) + +Qs. + +Has anyone been in a similar position before? + +What would your advice be on how to play this to make the best of the opportunity? + +Much appreciated guys and thanks for the support. +My husband and I got married during the pandemic and have been struggling to sell his flat which has a significant amount of equity in it (over £300k). We need the equity to buy a family home and don’t really have time for the market to correct (people seem to want gardens in London at the moment and our two bed isn’t shifting). Is there a way for us to take some money out of the flat in order to progress with a house purchase? And would people recommend that as an option? Thanks! +Hi, I'm on the plan 2 student loan. + +Obviously the possibility of 10+% interest worries me. I'm on a decent salary, so it's likely I'll pay 2x the loan even if the rest of the debt is canceled before I'll pay it all off. + +So far I know + +- Interest rate is updated in September to 3%+the RPI figure in March, likely to be 10+% +- The rate was capped to 4.1-4.4% since SEP 21 (to match commercial loans) however from JAN/FEB 22 the cap was removed. + +What I want to know: + +- Has the government given any information on what the rate from from MAR - AUG 2022 will be? +- Has the government given any assurance that a cap will be in place from September when rates reach 10+%? + +I've seen people post laws from 1998 that say loans must be capped but I'm skeptical that holds any weight as the government can and has changed terms at any time. I just want to know of any information or assurances have been given here recently. +We started investing in the mid 90's, picking stocks, going short as well as long based on what we were sure what would happen. + +When the dot-com crash took us down 80%, we shifted our equities strategy to market ETFS (splitting 50/50 between the newly launched QQQ and SPY. + +We also decided to get a 30-40% allocation to income real estate. + +For the 2008 downturn (as well as the smaller shocks that occurred in the past five years) we have just bought and held through the dips and it has worked our great. + +Am curious if others went through such an evolution, or perhaps even the opposite: seeing the downturns as a tremendous opportunity to move from diversification to those investments that might have been over punished by the market (airlines during COVID). +Sorry that this is so regionally specific but hopefully will resonate with a few folks - don't really have anywhere else I can ask this. + + +I'm struggling with reconciling a popular advice in SF Bay housing market to buy your forever home as soon as possible.  The advice as I understand is to stretch as much as possible to buy something in a good area to stay put forever and add / modify as needed. This locks in your property taxes and mortgage cost assuming the housing prices keep going up. Housing prices have kept increasing in the past but past performance does not guarantee future... + + +However, as our incomes have changed over time, I find that it's a lot easier to sell or rent what I thought was our forever home and upgrade to something turn key in an even better area. Fundamentally, my definition of a "forever" home has changed as our financial situation has changed. There is always a nicer house out there - nicer being the catch all for area, size and the house itself. + + +I'm curious to tap the hive mind here to understand if you observed similar dissonance in the popular advice and your situation. + + +The genesis of this question is because I recently upgraded to a slightly better location and house than where we were and am already thinking I should have stretched much further just a few months after moving.  Does this feeling ever stop? + + +For context, we make ~900k with a NW of ~5M. Late and mid 30s couple with a 6MO baby. +I worked for a very long time, 7 years, at a tech startup (joined early) and had a blast. In retrospect, it was hands down the best time of my life. + +Eventually I just ran out of steam as the company (and myself) changed, and decided it was healthy for me to move on. I took a highly paid position at a hedge fund, where my comp is $1.2M/y cash to manage a team of engineers. + +At the beginning it was insanely brutal, 80h a week of super high pressure. Now, a bit more than a year later, I settled into the role and, thanks to me becoming more assertive and also “accepting my always-on fate”, I just go with the flow and it’s not as hard on me anymore (it still consumes 60-70h a week including weekends). + +However, I am incredibly bored, my day is filled with thoughts like “why am I wasting my life on this”. I miss the excitement I used to have, the deep camaraderie with the people who were on the same mission, my new life seems almost sterile as compared to the previous one, everyone at work is nothing more than a competitive mercenary. + +Some of you might say: well, find another role, right? There are two issues with that: + +- I am a software engineer by trade, but at the former startup I’ve done literally everything under the sun: software engineer, manager, support, flew all over the world to bring my tech chops to win business with the sales team, spoke at numerous conferences, participated in marketing campaigns with innovative blog posts, … These positions are very hard to come by. + +- I am not the “naive” young person I once was, so it would be quite hard to replicate the excitement I felt. I am not sure that, being in a similar role to my former one, I would be as happy as I once was. + +I am 35. My financial situation is $3M liquid net worth, all invested in index funds, and the company equity for the startup I worked at is currently valued at $4M, if I were to liquidate it. There is a somewhat active secondary market so if I really wanted I could get those $4M, but I already sold enough of those shares over the years that letting this equity grow is the right balance to minimize future regret, as the company does have a path to 5-10X from here in a few years. If it goes to $0, oh well, I made a few bucks from the ones I already sold. + +For all purposes I am already financially independent on my $3M, as I live rather frugally and I like it that way. + +How would you reason about my situation? I figured many of you have been in similar shoes, trying to think how to get back to the “highs” after having lived very rewarding experiences that ended (e.g. building businesses, …) +Growth in the first quarter of the year contracted by 6.8 per cent after China’s economy ground to a halt during the coronavirus outbreak. + +China’s National People’s Congress has not set a gross domestic product target for the first time as the country faces its most severe economic downturn since the 1970s in the wake of the coronavirus outbreak. + +The growth target has in the past been included in the work report presented at the political event, which was delayed by almost three months this year due to the outbreak. The work report this year does not contain the target. + +While many experts do not trust China’s reported economic figures, the target often provides guidance on the central government’s confidence in underlying economic conditions. + +Growth in the first quarter of the year contracted by 6.8 per cent after China’s economy ground to a halt during the coronavirus outbreak. Many economists’ outlooks for 2020 are less than half of the rate of growth posted last year. +I transferred a reasonable amount of money from Ubank (ex 86400) to my Macquarie CMA... except I omitted a digit from the Macquarie CMA account number (eight digits instead of nine). + +The next day when the funds didn't turn up in Macquarie I checked the transfer details and contacted Ubank immediately... + +Why didn't I do a $1 transfer first to check I had the correct details? Unfortunately I did... I failed to notice the the test deposit hadn't gone through. Worst part is the test deposit did not bounce back... + +Has anyone been through something similar? I hold out foolish hope that it might bounce back, it is just taking a long time because Ubank (ex 86400) routes through Cuscal... +Sorry if question is only sort of finance related.. + +A local massage parlour advertised a $35 massage and after asking if my wife had extras health cover they changed the price to $50. (We get $30 covered under extras). + +I would have thought this practice a bit shonky? +We will find out when the March CPI numbers are released, but if we assume that CPI has increased as much as the Sept/June quarter (i.e 0.76%), we will potentially have an indexation factor of 1.035 - which is an indexation rate of 3.5%. + +Can someone check my maths (2022 and 2021 Indexation rates below)? + +&#x200B; + +https://preview.redd.it/inr6arqkeqn81.png?width=193&format=png&auto=webp&s=f1e3a9a760d1c54f21c40ad7ae66af2d5bb8b37a +Just had a call - “Remember me, are you looking for work?” + +The job was entry level Property Management paying an exploitative $50,000pa. + +Having worked there before, I know the owners of the business are very wealthy, plus the place is run so badly the staff turn over is high. + +I left thru asking the boss to sack me as a co-worker was basically trying to bully me out of the job. + +I’m meeting with the nice person there that will be my boss if I join again - I’m thinking of offering my services as a contractor on a 6 month contract for the equivalent of $60,000pa - so that would be $30,000 of wages plus 12% super ($3,600). + +I’d be using my car, I was using their fuel card formerly, if I allow $250pw for fuel, times this by 26 weeks in 6 months thats $6,500 for fuel if I factor that in to my package. + +So for the 6 months it would be $30,000 add $3,600 add $6,500 is $40,100 - would it be not to cheeky to round it up to $50,000 per 6 months as a contractor and ask for $8,333 per month paid at the start of each month? + +Would asking for $10,000 a month all in as a contractor be too cheeky??? + +It will be a stressful job, you might think I’m mad for thinking of going back to this place, but if I can screw them for 6 months and move on I’ll be ok with that. +Out of curiosity, various changes often come into effect Jul 1. + +Is there anything anyone in the know would like to share that may help or is worth knowing? + +For (a completely made up) example, farmers will be slogged with a yearly $2500 sheep levy potentially meaning wool will go up or something. +Hi all, + +Been quoted the following 8.3kw system and it was more than I expected it to be. Anyone care to verify? + + +20 x JKM415N-6RL3 415 Watt Panels (Jinko Solar Co., Ltd.) +20 x IQ7A-72-2-INT (Enphase Energy Inc.) +1 x BOS Enphase, 1 x Outdoor Board - Single Phase, 20 x Q CABLE - Single Phase + +$12k after STC credits + +Regards, +I sold a property in 2016 in Spain that I had bought in 2005, at a 28% loss. Most of my friends and relatives bought around the same time so I have plenty of examples for my points of view below. I thought these could be of interest to you. + +I think there’s going to be a price correction in Australia, hence I will not buy a property unless I am happy to stay in that same place in the very long term. I will keep on renting in the meantime. The people I know who bought a less than ideal apartment in Spain just to get into the property ladder are now trapped. Their properties values have collapsed and therefore they cannot upgrade. I’m talking families living in small apartments in not so nice neighbourhoods, who were happy there when they were childless but are now in a very difficult situation. However, those who were more daring and went to the very limit of what they could afford, to buy something for life, are now better off as interest rates dropped, and their mortgage payments are lower (other than the ones who lost their jobs and ended up losing everything, which there were plenty of). + +Other points from my experience: +When prices were going up very fast people settled for purchasing properties that had one or more ‘buts’. I mean they bought something well located but without parking, or affordable but with a windowless bedroom, or spacious but with a weird layout, or nice and cheap but in the very far outskirts. Those are the places which value dropped the most when the property crash hit. + +The property crash in Spain was associated with a series of other socio-economic events that created feedback loops. Lower prices brought the building industry to a halt, unemployment increased, people without jobs couldn’t buy houses and migrants left and/or stopped coming, reducing demand for housing and pushing prices even further down. + +Right now, housing supply exceeds demand. Selling is difficult regardless of price because there are few potential buyers, whereas there is plenty of supply. And banks are extremely strict in their requirements to approve a loan for property buyers. Employment is scarce and uncertain for many, who will be very unlikely to be approved for a mortgage, so they can’t buy. + +Rent prices went down together with sale prices, mostly for the places with one or more ‘buts’ as I described them above. As a side note, renting is a tricky deal for landlords in Spain. If a tenant decides to stop paying rent it may take years to have him evicted. + +Hope this helps you guys. + +(Throwaway account because I would rather stay anonymous) +(English is obviously my second language so please don’t be too harsh on my grammar) + + +EDIT: I tried to avoid this thread focusing on whether there will be a crash in Australia or not (speculation). It was supposed to be about the consequences on the crash that happened in Spain (fact). I failed hahaha... + +FYI - I wrote this for some friends of mine that are too lazy to look into GME so I kept it as such - it is just a short compilation of facts and info, If you see anything I've wrote that is incorrect leave a comment I will happily edit. 💎👐🦍🔜🌚🍌 + +&#x200B; + +I am super fucking bullish on a GME squeeze AND the fundamentals, there is an ungodly amount of information that would indicate this happening and I believe it’s going to be an unprecedented event. Far too much information and rabbit holes to go down in order to properly explain.. here are some bullet points (and other thoughts) not meant to convince but rather peak interests to look into for yourself + +**Why was GME a target for such shorting & GME debt settlement** + +&#x200B; + +* Massive Brick and Mortar retailer with failing efforts to pivot (It was suspected that GME had bad actors within the BOD with vested interest in GME failing) +* GME Raised 400+ mil in bonds, shorts never planed to cover but instead bet the house that GME would default on these bonds and ultimately go bankrupt (in that case shorts wouldn’t be required to pay taxes on those gains) Bond repayment date was March 15th 2021, GME paid roughly half of that off and extended the terms to settle the remaining debt in 2023 +* Long ago 4-6month it became evident there was no chance GME could go tits up +* Last quarter earnings revealed 500+ million cash on hand +* Last week they announced the settlement of remaining senior notes approx. 240mil ahead of schedule (A middle finger to the shorts and also a requirement in order to issue a Divided or to make potential acquisitions - rumours of a possible acquisition of Super League Gaming and push heavily into massive industry of E-sports) + +**New leadership** + +&#x200B; + +* Ryan Cohen a young Canadian Billionaire and founder of Chewy to become Chairman has been assembling a world class BOD consisting of mostly Ex Amazon and Chewy execs +* Cohen exited Chewy for 3.3bilzanos, bought 9 million shares of GME though his venture firm +* Cohen has essential booted the boomers and replaced them with many of his former team +* Note: Cohen paid roughly 78 mil for his shares in the company, in Jan his shares were valued over a bil + +**Changes happening very fast** + +&#x200B; + +* closing down non-profitable retail locations and beefing up the others even adding an “apple like" state of the art training centre — if you guys don’t know how massive e-sports is and how much growth this industry is going to see then wtf +* Partnered with Doordash and started using retail locations as distribution hubs enabling orders to arrive in under 2 hours! +* Vastly expanded online product offering +* over 3000 open job positions +* capitalizing on the squeeze (NR stated the approval to sell up to 3.5mil shares to raise a maximum of 1 billion, using the words “can sell shares from time to time” They know a squeeze is coming and there are going to take full advantage) +* No Debt 250+ million in the bank +* Cult like following +* Cannot fail +* Tits Jacked + +**Additional Confirmation** + +&#x200B; + +* Jimmy Cocaine crammer going nuts on GME investors +* Gary mother fucking Big Dick Gensler - implemented the Dodd Frank Act., Wall st. hates him was voted in as head of SEC over the weekend.. In the history of reg heads being voted in over the weekend in a rushed fashion in most cases was due to impending crisis +* MSM has put GME on a media blackout only reporting articles when it drops in price and flipping positive NRs into complete lies +* 100% bull runs, media goes unnoticed, then run rampant on a 20 point dip +* 5 or more prominent media source are owned by one parent company +* In Feb a massive dip on GME occurred with multiple articles released well in advance. (they even predicted how many points Gamestop would drop… Being wrong they edited there headlines lol)! +* Obviously media is working with short hedge funds +* All the while GME is seeing one of the greatest fundamental turn arounds with bullish news coming out on the daily, the sp has been bouncing around but any drops are on insanely low volume (avg vol 30 plus mil we’ve had multiple sub 10 mil days with massive dips on those days indicating they are not sell offs) +* Shorts continue to borrow and pump synthetic shares into the market +* Low tradable float, 4-5x buy to sell ratio on a daily basis, yet shorts seem to have unlimited shares.. Digging a deeper hole trying to keep the price from rocketing by issuing synthetic shares (one tactic) +* There are whales on the long side that are believed to be controlling the price and bleeding the shorts (max pain theory - possible) +* Short interest has fallen? It’s been proven that short HF are hiding shorts with deep Itm options +* SEC and DTCC/Regulators are fucking corrupt cucks, however the hole is getting so deep SEC, DTC, NSCC and FICC are now implementing new rulings that essentially allow them to request SLD, (Secondary liquidity deposit) - funds have one hour to satisfy requirement if they can’t. They get Margin called - Super dumb short form of the rule (this is ONE of many very very bullish for the Squeeze rulings underway) +* Shorts are trading through dark pools, routing BUY orders off regular exchanges so the orders do not affect the price and then dumping the sell orders on market hammering the price down +* Shorting ETF’s that contain GME, also to hide true short interest +* Millions of Failure to delivers - shorts are abusing or flat out using illegal methods to “rest” the timer. (t+13 to deliver these shares in some cases longer but if they cannot locate shares which the can’t.. Using a method through deep money options make it appear they can satisfy and deliver the shares owed, allow them to rest the FTD timer..) +* Gamestop themselves have identified there may be a short interest that exceeds that exceeds the float (you can read this in there 10F) +* Ryan cohen hints to squeeze on Twitter +* An unheard of Negative beta above -20 at one point (in most cases stock have neutral betas so stocks usually move with the border market up or down).. A negative beta is the inverse as i.e SPY goes down GME goes up and vice versa +* Deep Fucking value doubled down a few months ago after he appeared in the congressional hearing regarding JAN 28th, he exercised his options last Friday 50k more share and then bought an additional 50k shares + +**Everything is connected (tinfoil hat but maybe not)** + +I won't attempt make any connection but I have read enough to believe there is, so these are just random points of interest + +&#x200B; + +* Michael Burry had a position in GME, identifying the high short interest long ago, to my knowledge he closed his position +* He left clues on twitter that indicate deep fuckery through Treasury bonds, very similar to what was seen on 08 with but with Mortgage backed securities (There is a very good DD on this which I can point you too if interested) +* Shortly after his twitter was deleted (and he mentioned being visited by the SEC before this) +* He also changed his twitter name to Cassandra.. Googled it and this…… 1 : a daughter of Priam endowed with the gift of prophecy but fated never to be believed. 2 : one that predicts misfortune or disaster. +* He also posted this tweet - LOOK AT THE DATE + +https://preview.redd.it/zcvi6iqfz5u61.png?width=928&format=png&auto=webp&s=165d063423e918cfd7dbde3cb0877f7775a49485 + +\- GME aside for now, major movements in the market in the past few weeks + +“Major banks face billions of dollars in losses from their exposure to Archegos. Both Credit Suisse (CS) and Nomura tumbled Monday after warning of significant hits to their earnings” + +&#x200B; + +* Last week we saw Bank of America sell 15 billion in bonds (biggest single bond sale in history), JP Morgan 13 billion in bonds and Goldman over 5billion, Citigroup exiting 13 international consumer banking markets - Pulling this much liquidity out of the market all at once. Hmmmm.. (Tinfoil hat is on here chilllll) +* Anyways if i’m all wrong re: the squeeze, whatever, the fundamentals are Bullfuckingish, I think its a win win + +**One last side point as to why the corrupt regulatory bodies now appear to be doing their jobs** + +\-there is ALOT of attention on Gamestop at a global level and interested parties paying attention to all this know how deep the fuck stick goes inside the anal canals of the short hedge funds and the illegal practices they've been running. Shorting a stock has infinite risk there is no ceiling, hedge funds alone won't have nearly enough capital to cover the losses when they are margin called and currently the DTCC which acts a clearing house for brokerages and massive funds would be on the hook once these HF default and run out of capital. While the DTCC has an insurance policy in the Trillions it likely will result in the FED firing up the printer to bail them out when they to default. The rulings they're about to enact are to protect themselves: the SEC, NSCC, FICC…I have barely touched on the actual workings of these rulings. The reactions from regulators speak volumes, this whole cluster fuck is much bigger than GME. + +**Last last point** + +&#x200B; + +* Citadel the main cuck (they process 48% of percent of all retail trades and make up most of Robinhoods rev) the dirtiest piece of shit CEO Ken butt bead Griffin worth 18 bil is under serious heat, well, he’s been hiring up ex regulators from various regulatory domains, likely to try and delay/suppress his mess.. Not a single post on any social platform perfectly timed with GME mini squeeze in Jan, they were quite active before this. + +Bored of writing at this point but there really is a metric fuck ton of information on top of these sprinkles. To end this, as these rulings start taking effect it will restrict the use of illegal/grey area shorting practices, it's happening quickly, the clock is ticking, the fuse is lit… + +Buy it! + +\*Just my opinion not financial advice +My life was turned upside and put on hold when I was diagnosed with a rare cancer at 31 two months ago. My original goal before was to save for a deposit to buy a property in London (through a help to buy or shared ownership), however I feel this might not be feasible anymore because I don’t know how long I have left. + +I’m a 31F, professional and single, but currently on furlough since last April when I fell very ill with covid and then led to my diagnosis. I’m still off work whilst I sort myself out and undergoing chemo treatment. I receive full salary from work and whilst they have been supportive and have not rushed me to return until I’m ready, I know I will have to go back to work soon. I am not sure if I will ever be able to go back working full time because of treatment - which will affect my income dramatically I think. + +I have almost £80k in savings with no student debt and original plan was to save another year to buy a place. I’m currently living at home and know it is my comfort zone and my parents want me nearby because of my cancer, so they would rather I stay at home, but I want to move out to have my own space one way or another. + +I feel knowing I have cancer, I don’t know if I can afford to play with the idea of owning property anymore because I don’t know how long I have and once I’m gone, what is going to happen with the mortgage. I’m single and no one to share the mortgage with unless it’s my brother but I don’t wish to burden him with that responsibility. + +Or should I just find a place to rent? What would you do if you was in my position? I feel renting is flexible but the money could go to better use if I owned the place but I can’t help but feel grim reaper is waiting around a corner. It could end up being more complicated if something does happen to me. +I'm coming to the end of my placement year and it's made me think a lot about work satisfaction vs salary. + +I've been working in an analytical chemistry lab for the last year and I've really enjoyed it however the salary isn't great (£18-£21k starting). + +The company I have been working for has incredibly high employee retention due to a great working environment (flexible working hours, good management, lots of freebies during stressful times etc) and a fair few people who leave seem to come back a few years later. Because of this, upwards progression is generally quite slow. + +My partner is currently on 36k a year with lots of room for upwards progression and believes I shouldn't worry too much about my salary as long as I enjoy what I'm doing. We want to get married and buy our first house in the next 5 years or so however, and I want to be able to contribute fairly in this. + +I know that there are opportunities for me to earn more if I choose a career in a different type of chemistry, a different company or even something not chemistry based, but is it worth it? + +How did you make the decision between getting a job with a good salary or a job you thought you'd enjoy? +Hi all, + +I am getting fed up of London estate agents and property developers/maintainers playing games on hard-working home buyers. Why isn't there any scrutiny on these lot on how they do business? + +It ranges from anything such as charging people to get "early bird" alerts on new properties coming on the market to falsely and outright lying on other "bidders" who have made bids on a property you are about to buy. + +The property developers/maintainers are now charging extortionate amounts on servicing the places to live when really you don't see much in terms of actually doing the work. + +It feels like these lot are taking advantage of the property demand/boom in London and milking people dry as much as they can. + +It makes me hate London even more and doing business with these rotten people sucks. +DO NOT walk around with your 6 or 7 figures wallet on your phone. For the love of God buy a hardware wallet, or other form of cold storage. + +Reason for the 2 burner wallets: +If anyone out in the world knows or even thinks you may have Bitcoin or crypto on your person, they'll know what it's potentially worth. They hold you up, they know what they're doing, and demand passphrases. You give them one that is an obvious burner, with low amounts. They get wise and ask for your whole balance. Enter fake wallet number 2. You get off easy. Hell, make a 3rd one. But 2 should suffice. + +*edit: grammar +It was just after the bull run of 2017 that ETH was last worth this much bitcoin. + +The lowest point ETH got to during the bear market was 0.016 BTC. + +To overtake BTC in market cap ETH would need to reach a BTC price of 0.1616. + +Current ETH dominance is 15.1%. + +To reach a $1 trillion market cap ETH would need to be worth $8,700. +If you've made enough to be comfortable for life or live off of a passive income, congrats! But although I've had some great gains, I can't shake the feeling that every dollar I put in today, can/should/will be worth 5-10 in a few years. In the spirit of not investing more than I can afford to lose, I'm not gonna kill my savings, so decided I'll churn some extra sidecoin instead. + +I just got accepted at a job of delivering food, think Door Dash/Uber eats, freelance kinda thing I can just rock whenever I have spare time and energy. Biking around in the sun on my ebike and listening to podcasts while churning out sats or moon shots (rather than rewatching The Office and staring at my charts), is honestly something I'm super stoked about - and since it's covid best practice to just leave the food at the customers door and every interaction goes through an app, even an introvert like me can get this done lol. + +I can't wait to tell my grandkids my own BTC pizza story, that delivering junk food helped pay for their education. I don't have too many crypto junkie friends, so just needed to share with you all. + +Thank you all for your inspiration. + +/shitpost. +Ok so clearly 3.5M newly unemployed was priced in... 2 month shut down is priced in... more and more beer flu priced in.... + +So, what the hell isn’t priced in? + +1. Corporate bankruptcies. Look for those to start to pick up. When they do, it will be the reverse ‘trickle down economics’ everyone talks about and is good for a few thousand down points. + +2. Muni and State bankruptcies. Fact is they make money via income taxes. There is none of that income stuff being made right now. And unlike the federal government they can’t just print more money.... this is going to be a problem. + +3. Oil. Oil is dead. No one is talking about it. The basin was already drawing on their lines to make payroll when oil was $35. It’s going to get messy... unless a very stable genius starts to actually buy huge amounts. + +Others? + +Predication - We go back to the lows as real data comes out about the impact beer flu... and go well below that when any of 1, 2 or 3 happen. + +—— UPDATE FROM COMMENTS THAT WILL GET THIS BLACK SWAN FLYING AGAIN —— + +Trump going down from the beer flu + +Credit defaulting in general - student loans, auto loans, mortgages... probably in that order. + +New outbreak in China... I guess this would move the market, but come on, who would be surprised. + +Longer than expected shut down. + +My mother. Apparently, and this is news to me too, her routine sex change and ass in general will move the markets. Thanks ma! + +—— UPDATE ABOUT SOMETHING VERY IMPORTANT—— + +Something that keeps coming up here is this ‘everything is priced in’ bull shit. If you think that you DON’T GET IT. AT ALL. It’s the biggest lie you fucks all believe for some reason like sheep. + +Sure someone has thought about a ‘every scenario’, but it doesn’t mean it’s ‘priced in’. If it were the market would never move. Ever. + +As something become more likely the amount it’s weighted becomes bigger. So, more beer flu in the Wu is weighted at say 1% chance.... if news breaks that it’s true, boom, goes to 100% weighted and the market moves... why? TO PRICE IT IN. +[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! + +# 🎁 [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. + +🏴‍☠️ [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/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +&#x200B; + +[Let me explain](https://preview.redd.it/u7u8v276sym71.png?width=1228&format=png&auto=webp&s=c952b585dd2b2c28dbda0565692b678faa342e76) + +Okay, here is the thing. The price acted out of its cycle. We have figured out the Future rollover dates (Future or maybe Quanto Swaps), but the price did not move as expected. Somewhat like they didn't even roll those contracts over. Now Futures and Swaps aside for a minute. + +I went through all the FTD data from the last Rollover expiration date 6/18, and added up all the \*reported\* FTDs = 3,310,130 Shares. + +I went through shit ton of posts on the sub, and vaguely averaged the puts expiring every month that might have been used as means to hide these FTDs (they mark some transactions as "located", meaning that they are locked in an option, but the option is so OTM that it is guaranteed to fail to realize). I did the same with Calls. My estimations are purely based on couple of posts from this sub. I hope someone has access to historic options data to come up with better estimations. + +&#x200B; + +3 Months of Shares in Expired Puts = 120,000,000 + +3 Months of Shares in Expired Calls = 30,000,000 + +Total of reported FTDs, shares in Options = 153, 310,130. + +Yahoo Says the Float is 249.51M and GameStop says it is about 76M. + +&#x200B; + +173.51M vs 153.3M = Jesus Christ that is pretty close with shit estimations. + +&#x200B; + +We are not even seeing the Future and Swap shares here yet. I guarantee that the real amount is way higher that 4x the float. Much much much higher. + +&#x200B; + +If Yahoo is not glitching, I guarantee that they have stopped rolling over Futures and even opening new Options to hide their FTDs. Why would it show up on Yahoo? I have no fucking clue. + +&#x200B; + +Someone slap me with a bologna and tell me I'm wrong or I will not be able to sleep tonight. +Although I don't have the kind of money alot in this sub have, I have fairly low costs and save £500-£700 a month + +I'm 32 now, and I've never had anything on credit or finance so always thought I was living within my means throughout my 20s + +While that was true, I saved nothing each month. My first 'proper' job in 2013 I was making £17k and it seemed like a fortune, but still I never saved. As long as my bank account never went below 0 I was happy, even if I only had a tenner left, which was often the case. The idea of an emergency fund or savings was alien. If you're earning it, why not spend it? As long as you don't go into debt it's fine. + +I've got an extremely vivid memory of seeing a colleague and friend at the weekend in town and going to the guitar shops. We both worked the same job on the same wage and had roughly the same outgoings, although he was 4 years older than me. We went into a guitar shop as he was thinking of getting a guitar and amp to learn with. I went along just to look as I had about £50 in the bank at the time. + +An hour later he walks out having spent £800 on a Fender Strat, amp and assorted bits and bobs. + +I can remember walking back to the car with him amazed that someone doing the same job as me could just buy a luxury item like that. + +From then on I started to save. £50 a month, then £100 etc, always making sure to think before I bought anything. Maybe sleep on it for a day. + +7 years later I'm earning £10k more but from that lightbulb moment onwards I've saved something every month and actually enjoy seeing how much I can save! It's as if I enjoy saving more than I do spending these days, and it all stemmed from that lightbulb moment. + +So, what was yours? +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. +Well, my first post on this site, but I've been reading here for awhile, and on other boards for many years. It's finally the last day - I pushed it back a few weeks on client request to handle a large project point today, which is mostly complete now, and I'm finally calling it done. + +For background, I'm (very) late 30s, retiring from Engineering (mostly civil, finishing up doing construction/project management), have worked for the same firm in numerous roles (high-speed trains, roadway design, construction, expert witness, etc) for over 15 years now. No kids, married a few years ago, bought a condo in a HCOL city in 2006, but had a special offer that ended up more than covering the market crash losses, and could rent it out for more than my carrying costs if we decide on some longer-term travel. + +For references, we spend under $40k/year, and mostly it's been engineering type retirement planning - long slow push hard in the right direction. I've been saving around 50% of income for over a decade, tracking on a homemade spreadsheet for about 14 years. I never quite broke 6 figures in base salary, but with my hobby job and straight-time overtime added in, I probably made it over a couple of years recently. + +Heading back out to finish up and then to celebrate out with some coworkers, but wanted to share with the like-minded people here. A lot of unlucky things could have derailed it, but doing it also made me a lot more resilient to bad luck along the way and has given us a lot of options going forward. + +Good luck everyone, and fair winds!! +Hi guys, I shared this sheet a few times on here so wanted to help out again if anyone is interested. I made it a Google Sheets file as requested per another sub's rules. + +Here's the link: + +https://docs.google.com/spreadsheets/d/1uAjV2A-S_3aSOmjraxUslOomxRJG66HZfOfEXOWlfVI/edit?usp=sharing + +To copy to your own drive go to File > Make a Copy... Then it's all yours to use. + +Apologized that is a little late in the year but you can add the data retroactively for the last four weeks (which actually would make most of the formulas and graph fill up nicely already). + +Notes on how to use the Sheet: + +Each Row denotes a day, so you can keep track daily. I find it best to do that. I keep my receipts and at the end of the day I quickly add up the total for each category and put it in the correct cell (I also write a comment for each cell so I can remember what it was that I did with that money. ex: if I go out to lunch and dinner I add both totals in the Food cell for that day (=5.54+25) and then in the comment I write: Breakfast at Barney's LTD., Lunch at Slater's) + +Column J is the monthly Totals. Halves breaks the month into 2 from the 1st to the 15, and from the 15th to the end of the month). + +The Initial row in column O to R are there to put the amount of money in your Checking and Savings accounts and amount invested (Excluding gains) that you have the morning of the 1st (take into account the money that has not cleared due to the holiday). + +Column N is for the description of where the money comes. So if its from your employer you can Put Job, if its from Taxes, you label it Taxes and So on. + +Column O is for the actual income amount. So if your paycheck is $2,000 after taxes you write that down on the corresponding cell of the day you were paid. + +Then on Column P and Q, you can add anything that you pass to your savings accounts (I have two, one emergency and one long term). So if your paycheck was $2,000 and are saving $500 of those, you put the $2,000 in Column O, and then the $500 in column P or Q. + +S9 to S19 gives you a few current and estimates totals. S9 holds a marker for the amount you have available in your Checking account. S10 and S11 have your Savings individually, and S12 have them totaled. S15 has your estimated Monthly expenses, S16 Estimated Monthly income. S18 has Average Daily Expenses, S19 has your estimated Daily income, and finally S20 has your estimated Yearly income. All these are estimated up to the current date (Thanks to u/benishiryo for this nice formula. Mine was a giant mess). + +The boxes labeled Net Gain in column S Show the relationship between the amount you spent that month with the amount you made that month. If its a negative number, you spent more than you made. + +R24 is a rough hourly estimate of how much you are making per month (It's a left over from the days I was paid hourly. The 4.3333 is the 52 weeks divided into 12 months. Not the best but its supposed to be a rough estimate). + +Row 368 gives you your up-to-date year totals in each category for the expenses. For the Income section it gives you your Total amount in Bank (Savings and Checking) and then Checking Savings and Investment amounts individually. + +the Monthly Payments section starting at B370, simple adds the defined amounts that need to be paid each month, settings a basic expenses monthly total. (this helps me see how much I spend over the basic things I need to pay for). + +In the Income Section starting in M376 you can change the change the formulas in O377 and O378 to include your jobs' names. This goes with what you put in Column N and it keeps track for you of the income per source. + +The section starting at B379 is the totals from column J neatly organized to see the month expense totals, average, minimums and maximums for each category. You can make some neat charts from this. + +Let me know if you have any questions and I'll try to explain what the sheet does. + +Also, this is my first go at Google Sheets. Since I uploaded this from an Excel file, some formulas might be broken. Please let me know if you find something wrong and I'll do my best to fix it. + +I hope this sheet helps you reach FI faster. Enjoy, and happy saving! + +Edit: added Copying instructions. +EDIT : I'm from France, if anyone can give me advices on what brokers should I use I would love to discuss with you! Dm me + +Hi I'm completely new here and I would like to learn how to do from scratch. My post might be dumb but I really want to learn. I would love talking with you guys about this subject, any dm are welcome. Thanks in advance. + +I also offer two gold awards to someone who can explain me how I can do it and why should I. + +Thanks apes. +Icahn vs. Ackman over Herbalife + +The hedge fund billionaires in January 2013 found themselves in a bitter feud stemming from Ackman's $1 billion bet against Herbalife stock. The back-and-forth came to a head on live television. + +The brawl began with Ackman, in a phone interview on "Fast Money Halftime Report," defending himself against attacks from Icahn over publicizing the short the month before and agreeing to have Icahn call into the show. + +"He's the quintessential example that on Wall Street, if you want a friend, get a dog." + +Carl Icahn + +Icahn Enterprises + +"This is not a guy who keeps his word. This is a guy who takes advantage of little people." + +Bill Ackman + +Pershing Square Capital Management + +Once on the line, Icahn called Ackman a "liar" early on, accusing his rival of having "one of the worst reputations on Wall Street." Icahn later said to Ackman, "I wouldn't invest with you if you were the last man on Earth." + +Ackman countered by saying, "Icahn unfortunately does not have a good reputation for being a handshake guy." + +Icahn said that Ackman is the "quintessential example that on Wall Street, if you want a friend, get a dog." + +Ackman blasted Icahn: "This is not a guy who keeps his word. This is a guy who takes advantage of little people." + +About a month after the battle, Icahn revealed in a filing a huge stake in Herbalife, effectively taking the other side of the short, which Ackman defended for months, saying the stock would go to zero and accusing the multilevel marketing company of being a "pyramid scheme." Herbalife frequently and repeatedly denied those charges. + +Source: shillnbc +[https://www.cnbc.com/amp/2019/12/13/reliving-the-carl-icahn-and-bill-ackman-herbalife-feud-on-cnbc.html](https://www.cnbc.com/amp/2019/12/13/reliving-the-carl-icahn-and-bill-ackman-herbalife-feud-on-cnbc.html) +Electric vehicles have far fewer moving parts in their drive trains than gas-powered vehicles. Fewer parts equate to simpler and faster assembly. EVs do have many thousands of batteries, but these are static and relatively reliable. As a result, car makers can build EVs with fewer workers on the line using more robots and automated processes. + +EVs require roughly 40% fewer hours of assembly time than gas-powered cars. Those types of efficiencies must translate into less jobs somewhere in the assembly process, which will ripple outward. + +Modular designs + fewer parts = fewer jobs + +One thing drivers love about EVs is that they rarely break down and if they do, they are relatively easy to fix. Unfortunately, this threatens jobs at auto dealership and auto repair shops, which collectively employed over 2 million workers in the United States alone in 2022, according the U.S. Bureau of Labor Statistics. Oil changes, tune-ups and most other forms of maintenance that dealers charge for will go away. + +Aside from the battery replacing the complicated combustion engine, EVs have a different braking system that is longer-lived and less subject to wear and tear. McKinsey estimates a 40% decline in consumer aftermarket spending for EVs compared to ICE cars. This drop will also impact those employed at auto parts, accessories and tire stores, which is roughly 560,000 people in the U.S. + +&#x200B; + +[Full Article](https://www.msn.com/en-us/money/companies/ford-s-job-cuts-are-just-the-beginning-of-another-ev-earthquake/ar-AA110jo2?cvid=99944364822243daa98437a230fdf74a) +Stop. Put down your phone / Computer for a week. + +Take a walk. Get a coffee. Play video games. Paint art. Hang with friends. Go for a bike ride. Smoke some weed. Drink some beer. Get an escort. Whatever you do. + +Don't let watching the BTC tracker be your life. + + +We need to go down the hill before we get enough speed to climb the bigger hill. +Stop. Put down your phone / Computer for a week. + +Take a walk. Get a coffee. Play video games. Paint art. Hang with friends. Go for a bike ride. Smoke some weed. Drink some beer. Get an escort. Whatever you do. + +Don't let watching the BTC tracker be your life. + + +We need to go down the hill before we get enough speed to climb the bigger hill. +I was having a great day today, until I found RIVN. Now I like to stick to shit that looks normal, but how tf does RIVN IPO with a valuation of even $10 billion, let alone $100 billion. The company lost $1 billion last year, and has made 0 sales. + +The company is backed by Amazon apparently, but fuck, it could be backed by the president himself, and I still wouldn't be dumb enough to invest in this company. Sure, they could be the biggest truck seller in 10 years time, but to make this valuation look even remotely fair, they need to pull $1 billion in net income out of their ass, not lose it. + +If puts weren't so fucking expensive, I would be yoloing on them, but this valuation makes me want to pull a Citadel and pull their valuation down to the ground. +Hi all, I'm going to be moving to the Brisbane area for work sometime in the next month or so, and I'm trying to plan out all my finances as much as possible before I go. + +I'm looking for good options for banking in Aus, with a particular interest in a good savings account. + +I'm also looking for recommendations for a good credit card to get, if anyone has ideas (I'm currently using an AmazonPrime Signature Visa through Chase). + +Thanks! + +Edit: Wow! Thanks for all the information! You folks are serious about your banks! It's much appreciated :) I'm still reading through all the replies, but I feel much better informed now. Cheers! +I'm a 33 year old woman who has never made over 50k a year. I worked in aged care and disability for 10 years and became extremely burnt out during the pandemic so I left the industry to try my hand at other jobs. I just started a reception/admin role for 43k as I thought I'd use it for the experience and move on to something better. + +I desperately want something better for myself and family but I have no idea where to start, I want something stable and pays decently. I actually enjoy admin and wouldn't mind something along those lines. What career progression opportunities are there for admin assistants? + +Or if you guys have any other suggestions, I'd truly appreciate! +As the year has drawn to a close, many of us are doing our final checks of our spreadsheets and wanting to take a minute to reflect on what this last year has provided for us and what we are hoping for in the next one. + +Please use this thread to do report anything you want - whether it be a massive success, reaching a mini-milestone, actually accomplishing your goals from last year, or even just doing nothing while time does the work for you (for those in the 'boring middle' part). We want to hear about all that 2021 did for you - both FI related and personally as well. + +After reflecting on the past, we also want to look towards the future. What are you looking for in the new year (or even decade) - what are your goals and aspirations that will help guide you this coming year. Are you looking to finally max our your retirement accounts, get a 529 going for your kid, nearing that next comma, becoming completely worthless, or finally hitting your number and cashing in all the GFY's you can get? + +* [2020](https://www.reddit.com/r/financialindependence/comments/knqg3d/year_in_review_2020_milestones_and_2021_goals/) + +* [2019](https://www.reddit.com/r/financialindependence/comments/egzbu5/year_in_review_2019_milestones_and_2020_goals/) + +* [2018](https://www.reddit.com/r/financialindependence/comments/a89sre/end_of_year_review_2018/) + +* [2017](https://reddit.com/r/financialindependence/comments/7j3ybp/end_of_year_review_2017/) + +* [2016](https://reddit.com/r/financialindependence/comments/3vtxgi/2016_what_are_your_new_year_goalsresolutions_for/) + +* [2015](https://reddit.com/r/financialindependence/comments/2qgeli/lets_get_our_2015_new_years_resolutions_out_there/) + +* [2014](https://reddit.com/r/financialindependence/comments/1tqhao/well_fi_its_been_a_year_with_2014_approaching/) + +* [2013](https://reddit.com/r/financialindependence/comments/15q27h/what_are_your_2013_fi_resolutions/) +My husband and I make combined salary of $260k. After rent, daycare, utilities, car payment, IRS payment (we owe them ~15k every year because we make too much money to write off anything), and putting money away for retirement, we have $1200 of discretionary income a month, which usually goes to clothes, travel and eating out. To afford a 20% down payment in our zipcode we would have to save all our discretionary income for 8.5 years. Should we borrow from our retirement for the down payment? Quite our jobs and move to a cheaper town? Also, is anyone else in this boat? Thanks for any advice. + +Edit: Thanks everyone, this was my first Reddit post so pretty cool. Lots of good advice here. I admit I don't want to spend my precious free time tracking expenses in Mint, but it's also ridiculous I don't know where 1k is going. Yes, we spend too much on daycare and probably organic food. And I think my withholding is definitely off. It hasn't increased as my salary has. It's just weird when you are surrounded by so much wealth in your neighborhood and the people you work with, you begin to think it's normal to have certain things. I would love to move to a less expensive place and reset our perspectives. Our jobs experiences and specialties are in the tech sector though, so that kind of ties us to living in big cities. SF, and NY are worse than here. Chicago seems more reasonable, or maybe Austin. Moving to a cheaper neighborhood here means a crazy commute, no matter what direction. 90, 405, 502 are all a nightmare. Public transpo is not an option since I have to do daycare drop off and pick up and the bus doesn't go near there. Anyway, I will find a financial adviser soon. Thanks again. +The next person you hear say “short squeeze,” “sell,” and any price below 10M just do them a favor and change their brokerage password locking them out of their account. Don’t worry apes this won’t take too much brainpower, however, it will take A LOT of crayons and some common sense. + +Let’s put this all in perspective with what we DO and what we DON’T know. Let’s start with what we DO know, we DO that the Volkswagen’s gamma squeeze was about 1/4 minimum compared to the short squeeze. We DO know that the GME gamma squeeze took us from $4 to $400. We DO know that with a series of gamma squeezes we can head in the direction towards the beginning of TSLA which is a very rare opportunity to have, we all wish we bought Tesla at $4 now is the chance with GME. We DO know that the volume is 7M on a good day with low volume. We DO know that the DTC,and the SEC are safety nets AFTER hedgies are margin called. We DO know that the SEC, and DTC is basically scheduling our cash out from regulations passed on collateral damage. + +Let’s take a step back a min. 7,000,000*$1,000(a sad joke to cash out on)= $7,000,000,000. In the beginning people were saying $1,000, cmon, do you really think they all are fighting over who takes the L over $7 billion? Let’s be real it’s AT LEAST $70 trillion and to be that per share would put it at a MINIMUM of $10,000,000 per share and that’s just talking what they can likely afford to hand out without insurance. + +Now what we DON’T know, we DON’T know what a moon is like with TSLA because it has only been a series of gammas and if it did short squeeze it never mooned. We DON’T know what a gamma squeeze followed by a margin call squeeze then followed by a short squeeze will look like, it has never happened. We DON’T know the date so don’t ask anyone just be patient, waiting on stocks to take off is watching paint dry so it’s best to set an alert at $10,000,000 and forget about it til then. We DON’T know what the most shorted stock on the stock market will be like once squoze so it can’t even be compared to Volkswagen, Volkswagen was not the most shorted stock on the stock market, this is much much bigger than that. + +Food for thought, don’t try to “sell at peak” because if it is not peak and you sell, you are draining rocket fuel and we will not moon. I saw a post about a $5M peak reward and as generous as that is, it motivates people to sell at what “they” think is peak which is likely smaller than expected. Don’t even have sell in your mind, if we moon you will have 4 days to “sell at the peak” and no one will be losing but hedgies. Keep in mind that when you sell, someone somewhere buys, you don’t want it to be some random day trader you want it to be a hedgie stuck on the moon. + +Thunder12123 commented: Volkswagen squeeze: 12% short interest went to almost $1000 + +Tesla squeeze: 20% short interest went to around $5000 a share with the 5 to 1 stock split. + +GameStop squeeze: 140% short interest did NOT go to 400. It will be massive. Especially because when you short more than 100% you are in the realm of infinity if everyone holds. Even if people start paper handing super early it will go to a minimum of 50-100k a share IMHO. And that’s extremely lowballing and saying everything works out in hedgies favor getting people to sell early. + +TLDR: Imagine Tesla and Volkswagen having a baby and that baby being jacked as tits on steroids, that’s the GME MOASS. The SEC and DTC are the safety net AFTER the hedgies pay us and then they are preparing insurance on top of all of that so $1M a share minimum is likely what they expect leaving them at a payout of $7T minimum. Don’t try to “sell at peak” if you sell we won’t have the fuel to reach the moon, you will get much more than $5M (the price offering was super generous regardless it just gives people motivation to sell) when we moon a hedgie will be stuck up there with our share not a fellow ape or day trader. + +This is my first DD please don’t hate me if you think it’s garbage. TOGETHER APE STRONG! 💎🙌🦍💪🚀🚀🚀🌕 + +Edit 1: quick mafs $1M per share is a big understatement + +Edit 2: Thank you so much for the reward! I will no doubt take this confidence given to buy every damn dip on the way up. + +Edit 3: Woke up to 1k upvotes I’m practically losing it, thank you!! So many shills in comments! How do DD Authors put up with this? Whole other level of respect for them. +Just a quick post amongst my peers making a go at this. I was having a great week learning the ropes, only following my patterns. I was up $60 for the week trading only $100 worth of stock at a time. + +Then EYES news came across the chats and I saw that baby going up and up and FOMO got the best of me. I scalped a win and then I wanted more. + +That’s when it all broke down. I started losing big. Then I went and upped quantity trying to get it back just killing my self every time. Before I knew it I was full tilt not even thinking straight and just entering into any trade trying to get that money back. + +I am trading in very small quantities right now as I learn and solidify my strategy. I didn’t lose a lot in the large scheme of things but it threw me off for the rest of the day with shame of breaking my rules, losing, and knowing better. I know in my head to not chase stocks at all. But it just looked too good. I am glad to learn this lesson now because it messed me up mentally and emotionally for the rest of the day. It could have been so much worse if I was trading large quantities. + +I don’t have a local community to talk about these things so I thought I’d post here. Resist the urge! The one time you win is not worth all of the times you will lose big. Stick to your strats! +Between May 28 and the 31st, all AGI tokens in exchange wallets or held on Ledgers etc will be converted from AGI to AGIX, so that they can run natively on Cardanos blockchain. + +This is the first project to have completed a move and I think as we have a date now for Smart Contracts (end of August) it will be the first of many. + +While ETH 2.0 will be cheaper and faster than Ethereum is now, there’s still a compelling case for projects to use the ERC-20 converter, move over to Cardano and enjoy cheaper fees, faster transactions, energy efficient network and have their token represented natively with all the same rights and priorities on the network as ADA. + +Charles Hoskinson claims there are just over 100 projects looking to move from Eth to Cardano as more functionality is added in the coming months. Whether that number changes due to updates in Ethereum 2.0’s development remains to be seen. +&#x200B; + +https://preview.redd.it/fi4khyl9dct71.jpg?width=720&format=pjpg&auto=webp&s=b3442abae95e8b51a98a7b705be6cffd3f73c580 + +# No Precise Target. Just Up. + +Congratulations to today's winner! – u/goperit + +And an even bigger congratulations to **The Chosen One!! -** u/MrKoreanTendies (#420069) + +TLDR: Mod11 can now be considered proven, so there are approximately 55K accounts. I still love you u/criand + +**Mod11** + +This post will focus on mod11/check digit/check sum since there has been a lot of controversy around that. + +First of all, mod11 is important because if it is proven true, then the high score doesn’t equal the number of accounts. Instead, the high score divided by 10 will be the approximate number of accounts. + +We now have fairly irrefutable proof that CS account numbers use mod11. An ape purchased GME shares 8 times through CS, each purchase being 1 second apart. Yes, 8 times, back to back. The method they purchased through assigns a new account number for each purchase. They finally received the account numbers and provided video proof of the full account numbers to mods (through mod u/jsmar18) and to me. + +All account numbers passed mod11. Not only that, but the account numbers were consecutive mod11 numbers. The odds of getting 8 account numbers that all pass mod11 is 10%\^8 = 0.000001%. **The ONLY way an ape would be assigned 8 account numbers in sequentially increasing mod11 numbers is that this is how CS assigns their account numbers.** This is about as confident as we can get to proving their algorithm without actually knowing their algorithm. + +**420069 is also a mod11 number…** + +Yup, the chosen one himself has a mod11 number. + +&#x200B; + +# But my account number fails mod11… + +You miscalculated. Don’t feel bad, many of us have done it (including me). Several apes have come forward saying their account number doesn’t pass mod11. Anyone who provided their full account number had miscalculated. Some apes were clearly trolling me and just wasting my time. Bottom line, no one has given me an account number that doesn’t pass the mod11 test. + +If your account number doesn’t pass mod11, I am now confident in saying you miscalculated somewhere. I’m not saying you’re trolling or creating FUD, it’s most likely an honest mistake. If you are 100% confident in your calculation and have checked your math several times **with several different apes**, please take a video and submit it to the mods. If you aren’t willing to share a video with mods, but you’re willing to post or comment that your number fails the mod11 test, then frankly at that point I will say you’re a shill. + +Here’s another easy way to check mod11 (credit: u/AdequateArmadillo \- the brainchild behind mod11). If your account number is mod11, the chart below will guess your last digit. First calculate the sum, then look up in this chart to see what your last digit should be. Just find your sum in the table and on the very left in the column titled "Check Digit" is what your last digit should be. + +&#x200B; + +https://preview.redd.it/41d1ywgldct71.png?width=613&format=png&auto=webp&s=172332b78c9983e05dbcca1ed72d424dbbacfc21 + +**How do you calculate the sum?** + +Take your account number which is in this format C0000123455. + +Remove the last digit, in this case 5 and remove the C. You’re left with 9 digits, in this case, 000012345. Then multiply based on these steps. + +&#x200B; + +1. First digit multiplied by 10: 0 x 10 = 0 +2. Second digit multiplied by 9: 0 x 9 = 0 +3. Third digit multiplied by 8: 0 x 8 = 0 +4. Fourth digit multiplied by 7: 0 x 7 = 0 +5. Fifth digit multiplied by 6: 1 x 6 = 6 +6. Sixth digit multiplied by 5: 2 x 5 = 10 +7. Seventh digit multiplied by 4: 3 x 4 = 12 +8. Eighth digit multiplied by 3: 4 x 3 = 12 +9. Ninth digit multiplied by 2: 5 x 2 = 10 +10. Add up all of the results: 0 + 0 + 0 + 0 + 6 +10 + 12 + 12 + 10 = 50 + +If you look up 50 in the chart, you’ll see that the check digit is 5. So, the example passes mod11 because it correctly guessed our last digit (the number we had removed at the beginning). We are looking for an account number that fails mod11. + +&#x200B; + +# But my account number wasn’t in that list of full mod11 account numbers… + +u/whatever_username created a very convenient list of all of the account numbers that pass mod11. Here is the link: + +[https://www.reddit.com/r/Superstonk/comments/q3pdfq/comment/hfuk57b/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/q3pdfq/comment/hfuk57b/?utm_source=share&utm_medium=web2x&context=3) + +If your number isn’t on the list, theoretically it’s not mod11. While this is a great initiative, unfortunately there is an error in this ape’s list and most of the account numbers are correct but a few are incorrect. A few apes couldn’t find their account number in this list and were convinced mod11 failed, but when calculated manually, it actually passed mod11. I have contacted OP and asked them to fix the list and hopefully they will. If you don’t find your account number in that list, don’t assume it fails mod11, check with an ape (or a few apes) who know how to calculate. + +&#x200B; + +# But CS said their account numbers don’t follow mod11… + +CS didn’t say that. One customer service rep said that via live chat. The customer service rep most likely doesn’t even know what mod11 is. If they did know, they wouldn’t confirm it to apes. + +CS did tweet “We can confirm our account numbers are not in ascending order.” We know this to be false since we have been tracking the account numbers and they are in ascending order, just not one by one. Instead, we now know they ascend sequentially by mod11 numbers. + +If you’ve been following the saga, you know CS live chat reps often contradict each other in what they say. If you have any experience working in customer service or dealt with reps in the past, you know that at most companies they are outsourced and the level 1 tiers don’t know much beyond the basics. Why do you expect them to know the algorithm that determines how CS account numbers are assigned? Only the devs and the upper management would know this. + +&#x200B; + +# But what about traffic to the Computershare website… + +This post argues that the traffic to the Computershare website has increased so much in the last few months that it has to be more than 50K new accounts. In September there was 1M more visits than in August. + +[https://www.reddit.com/r/Superstonk/comments/q539y5/computer\_share\_site\_visits\_um\_guys\_gals\_we\_might/](https://www.reddit.com/r/Superstonk/comments/q539y5/computer_share_site_visits_um_guys_gals_we_might/) + +This is a great analysis, but it is circumstantial evidence against mod11 and there are lots of ways to explain the increased website visitors with mod11 being true. + +&#x200B; + +1. **Most apes visit the website multiple times when purchasing directly from CS or transferring** (just as a result of the way their system works). In my case, I needed one visit to purchase, then clicked on that confirmation link many times over a week to see the progress of my purchase. Tried several times to create an account. Once I created an account, logged in a few times (to check their interface, figure out where to get account number from, etc). Then I logged in several times after transferring to see if my shares had arrived. Then I logged in several more times to purchase more shares directly from them. +2. **The account numbers are anywhere from 3 days to weeks behind.** Why? Fidelity transfers take 3 days. Direct purchases take a week. Other transfers take several weeks. During this time, people are still visiting the CS website attempting to login, learning more about them, etc. All of this results in visits to the CS website. +3. **Apes and other are visiting their website.** Computershare is all over the apeboards and has been tweeting and creating helpful pages (like the diagram that u/criand posted/linked to and their FAQ pages). Obviously, this drives more traffic to their website when apes visit those pages, or even just go on the Computershare website to figure out who they are and what all the fuss is about. +4. **Financial aggregators** like mint.com would visit daily or multiple times a day if anyone added CS to their account which would add more traffic. + +Putting all of this together, it becomes easier to account for the huge chunk of traffic despite only 55K accounts. + +&#x200B; + +# But what about Fidelity transfer confirmation numbers… + +Some apes pointed out that the last 4 digits of Fidelity transfer numbers are the number of transfers for that day. This seems to be correct. On many days, the highest confirmation number indicated around 2K transfers per day. If 2K transferred from Fidelity daily, and that’s just one broker, surely there must be way more than 55K CS accounts. + +This is what I call circumstantial evidence. Hard evidence would be video proof that an account number fails mod11. Unfortunately, even the Fidelity account numbers can be explained: + +&#x200B; + +1. Not all Fidelity transfers are GME. Yes, most of them most likely are, but not all. So let’s say instead of 2K it’s 90% or 1800 transfers. This doesn’t equal 1800 new accounts in CS. Why? +2. Not all GME transfers to CS from Fidelity will result in a new CS account number. If you already have an account in CS, then you transfer, it usually doesn’t create a new account number. It goes into the account you already have. This happened to me. It could create a new account number if it’s a joint account, the address is different, or even based on book/reinvest plan types. But often it won’t create a new account. I wouldn’t even know how to speculate what percent of the 1800 transfers daily result in a new account number. Let’s say half = 900. +3. Fidelity is the fastest broker and most likely the biggest Ape broker. Yes, there are so many other brokers, but most are dragging their feet. Just because apes have transferred 3-5K a week from TDA (as some apes have claimed) doesn’t mean they have even reached CS or been assigned a number. You can’t assume that just because 900 apes transfer daily from Fidelity it means that the same number are transferring from all the other brokerages daily (Vanguard, TDA, etc). There is no data to support this assumption. If anything, Fidelity would have the highest transfers because it seems to be the most popular with apes. + +Taking all this into account, Fidelity numbers support there being 55K CS accounts much more than 550K accounts. But in either case, remember how I said this is circumstantial evidence? That’s because the only real evidence that will prove mod11 is false is a video verified account number that fails mod11. + +&#x200B; + +# I have another stock (not GME) in CS and it fails mod11… + +Even if this is true (ie: you didn’t miscalculate), this doesn’t mean GME account numbers aren’t mod11. Different stocks could have a different mechanism to assign account numbers. One could increase sequentially one by one, another could use mod9. This doesn’t prove GME doesn’t use mod11. + +&#x200B; + +# I have other evidence that goes against mod11 + +Please share. We want the truth, no matter how pleasant or unpleasant. If it’s circumstantial evidence, then it doesn’t disprove mod11. The only real hard evidence that will disprove mod11 is a video verified account number that fails it. Other circumstantial evidence doesn’t disprove mod11. Your gut feeling also doesn’t disprove mod11. + +It’s very much possible that CS will change their algorithm in the future and apes can try to continue to evolve. As of now, all of the available evidence points to mod11 being true. + +&#x200B; + +# Where can I find my account number? + +Log in to ComputerShare and check under Documents or Portfolio>GME>View Details>Actions>Transfer (that's the secret method if you don't have any Documents). Then join the party and share your CS account number once you have it in this format (12X,XXX), along with the date of purchase/transfer. + +Until next time, GMErica! + +**Disclaimer:** This post is not financial advice (nor any advice at all). I like the stock so I DRSd. Do your own due diligence and decide for yourself. + +Edit 1: Formatting and spelling/errors. + +Edit 2: Added mods username +Steal $864 Million. Fabricate $300 Million fraud. Settle with the SEC for $180 Million. Your Stock also rallies 30% in a day. + +Pretty good deal for being a criminal management team right? + +[https://www.sec.gov/news/press-release/2020-319](https://www.sec.gov/news/press-release/2020-319) +I think the big one we can will direct our attention to is the iPhone. This is going to be a massive hit to Apple if he goes through with adding these additional tariffs. Thoughts on what may happen? Apple stock possibly a good buy within the upcoming days if these tariffs go through? + +This is absolutely insane what's happening right now. +I think the big one we can will direct our attention to is the iPhone. This is going to be a massive hit to Apple if he goes through with adding these additional tariffs. Thoughts on what may happen? Apple stock possibly a good buy within the upcoming days if these tariffs go through? + +This is absolutely insane what's happening right now. +There are a lot of mortgage threads in r/personalfinance. One thing I haven’t seen mentioned lately is that there is an avenue to get a house with ideal terms: $0 PMI, 0&#37; down, $0 closing costs, and a rate below what you would get with a 850 FICO from a conventional bank. There is a nonprofit organization called the Neighborhood Assistance Corporation of America (NACA, [www.naca.com](http://www.naca.com/)) that does this. You can put down more than 0&#37; down if you want – it isn’t required, but given how some people here are debt averse I thought I’d point that out. The mortgage will still have better terms than you could get from any bank. + +**What is the catch?** + +A few things to be aware of: + +1. You will be subject to underwriting standards far more rigorous than any conventional mortgage. The \*initial\* qualification process will take 2\-3 months, maybe more. NACA doesn’t want to lend to anyone who gets into a house they can’t afford. After you are NACA qualified, it takes them the normal \~30 days to close in most cases. But for the initial approval, be prepared for the financial equivalent of a colonoscopy. + +2. You cannot get a NACA mortgage for a investment property, and technically you aren't supposed to later rent the property (it should be your primary residence \- but they have no way of checking this). There is an exception for multiple unit properties. As long as you live in one of the units, you can use NACA for a multiple unit property. + +3. You cannot get a HELOC on the property later, NACA considers them predatory (you could refinance to get a HELOC later if you wanted to). However, NACA will lend for re\-models or "wish list" items (marble countertops, etc. \- things you normally use a HELOC for) up front. + +4. If you are in a "hot market," you should be aware that many seller's agent's don't like dealing with NACA (because NACA has more stringent requirements than traditional banks). That is why you don't mention NACA to whoever you are buying a house from until after your offer is accepted. You include in your offer a pre\-approval from a traditional bank. Once your offer is accepted, go with NACA \- you can't be stopped from using whatever financing you want. + +Even given the catches \- given the terms \- I think its 100&#37; worth it. + +**No really, there has to be other catches \- those aren't bad. What is it? How do they make mone**y? + +Really, there isn’t. You just have to jump through their underwriting hoops. NACA is a nonprofit. They don’t make any money from this, which is why they don’t advertise it. The mortgages they underwrite are funded/serviced by either Bank of America or Citibank. + +**I thought programs like this were means tested (e.g. must below $X income)?** + +This is not a program which is means tested. You could be a millionaire and get a mortgage through NACA. People who are higher incomes are “non\-targeted members” who are subject to [purchase price caps](https://www.nacalynx.com/nacaweb/purchase/maxPrice.aspx?language&menu=none), but the caps are very high unless you live in NYC or another ultra\-high cost of living metro. For example, in my medium cost of living area the purchase price cap is $400,000 and you can get a mansion for that price. + +**Is this one of those first\-time buyer mortgage programs?** + +Nope! You could be on your 3rd mortgage, it doesn't matter. As long as you are selling one house and moving into another one that is your primary residence, you qualify. + +**What about new construction or refinancing my existing loan?** + +New construction qualifies, as long as it is your primary residence and you own no investment properties. NACA has a refinancing program, but it is less fantastic than their purchase program. +First off, be highly skeptical of this. I would like some other people to confirm this too to make sure, because it might be the smoking gun. There's been some debate about this https://www.reddit.com/r/Superstonk/comments/nmos5k/what_the_actual_fuck_did_etoro_just_say/ being true. + +Essentially, eToro said approximately 1.5% of all GME shareholders are clients of eToro. They probably made a mistake, and meant to say that eToro users own 1.5% of the outstanding shares/float, so like 1M shares owned by eToro users. Right? + +But apparently /u/jd94jd talked to an agent here https://imgur.com/a/vdRzxjT. Sorry /u/jd94jd, but your account has like no karma and it's really sketchy so I'll be skeptical on it. BUT, if these messages are legitimate and can be confirmed, then that means that eToro did mean 1.5% of all GME investors are their clients. + +So wtf does that mean, then? Well, data put out a month ago https://www.reddit.com/r/gme_meltdown/comments/ngddyk/just_in_case_it_wasent_obvious_already_retail_are/ said there are around 6.7% of eToro clients investing in GME. I think I read that number is closer to 6.3% now, so I'll say 6%. eToro boasts about having over 20M clients worldwide. 6.% of 20M is about 1.2M clients owning GME. https://i.redd.it/cxxzhrpcox171.jpg + + + +Do you know what this means? If there are 1.2M GME buyers that represent 1.5% of all GME shareholders, then there are 1.2M/0.015 = ~80M shareholders of GME. + +**EDIT /u/SoftMarionberry150 says that when you buy on eToro, it tells you there are 96,600 people investing in GME. If this is true, it'd mean 96600/0.015 = ~6.44M entities own GME. With the remaining free float estimated around 30-35M shares, this means that if every GME owner owns at at least 5 shares, the free float is owned. This also may be France eToro users onyl, as two other people verified the 6.4% number.** + +Yup. If this is true, I don't think I need to explain the significance of this. + + +Now, how would GME know this? Good question. Counter question: how can they release dividends without knowing who to send them to? As far as I understand, when you purchase a share, you don't own it but are given beneficial rights to it. It's essentially you own the share though, so don't worry. But because there are way too many people, the shares are instead held in street name of your broker. The companies then know who has purchased these shares based on the street name of the registered broker. + + +**EDIT2: GME has to pay for this service to know how many shares they have, though. It's a proxy investigation I believe. If AMC knew they have 3M individual investors, then they probably paid to have that service. With this knowledge, I don't believe it's too far fetched that GME has 6M individual investors. This, of course, assumed that GME paid for the service to know how many individuals there are.** + + +Please help me confirm this. Any help is appreciated, and if this is found to be untrue I'll delete the post. +Trump recently said that Puerto Rico will have to get it debt wiped? How could this affect the region? Thoughts? + +Link : https://www.cnbc.com/2017/10/03/trump-says-puerto-ricos-debt-will-have-to-be-wiped-out.html +Hi Cryptocurrency, + +Thanks for having me, I'm totally pumped to have another Reddit AMA! Should things really get out of hand, I’ve brought reinforcements from the team: [u/ArnoldDaniels](https://np.reddit.com/u/ArnoldDaniels/) (LTO Network Lead Architect), [u/ChristianZh7](https://np.reddit.com/u/ChristianZh7/) (Community Manager) and [u/ceesvandam](https://np.reddit.com/u/ceesvandam/) & [u/Plenty\_Candidate8403](https://np.reddit.com/user/Plenty_Candidate8403/) (LTO Advisors) might pop in to help answer questions where needed. + +Feel free to throw your questions in the comments already, I’ll be online at 20.00 o’clock CET (18.00 UTC) to start digging through them. I can’t wait to tell you all the latest news and progress. Our ecosystem is growing; partners, projects and tech, there’s so much going on it’s hard for me not to get excited about it. Things like the [United Nations GoLand Registry](https://unhabitat.org/un-habitat-oict-and-lto-network-release-first-open-source-urban-land-registry-solution-for-the) have barely even started, and already multiple countries are showing interest in using it as we work around the clock to release a white label version of the tech. Next to that, the LTO team is focused on getting the Decentralized Identities (DIDs) structure up and running so that cross-chain partners like [Horizen](https://blog.horizen.io/horizen-partners-with-lto-network-to-make-business-transactions-safer-and-more-efficient/), [Drep Foundation](https://drep-foundation.medium.com/drep-partners-with-lto-to-enable-defi-ecosystems-between-eu-and-asia-through-decentralized-c5970e00dcb5) and [Effect Network](https://www.altcoinbuzz.io/cryptocurrency-news/partnerships/effect-network-lto-boosting-trust-using-decentralized-identities/) can start building upon to it. Speaking of which, one of our other partners, [Sphereon](https://sphereon.com/), recently announced their next LTO Network DID product in the making: the [MyCompanyWallet](https://sphereon.com/news-and-insights/sphereon-and-lto-create-mycompanywallet-app/) App. + +We fully expect more and more exciting projects will notice our plans with the DIDs structure and how LTO Network will function as an oracle for DeFi through [Chainlink](https://blog.ltonetwork.com/chainlink-oracles-b2b-accreditation-ethereum/). Naturally, we're ready to give all of them the information they need to make it work. + +So far the introduction! Feel free to submit your questions below and let’s make it a great AMA together. After it’s all done, we’ve got a nice little adoption announcement for you all—hot of the press! + +EDIT 1: And we're off! AMA Proof: [https://twitter.com/realrickschmitz/status/1379859035323781125](https://twitter.com/realrickschmitz/status/1379859035323781125) + +EDIT 2: Past the half-way point already, keep those questions coming! + +Final EDIT: Guys (and gals), thank you for a great AMA! It’s time for us to call it a night. The only thing that remains is our announcement. So here is the scoop: + +\- [LTO Network is working with Swishfund](https://twitter.com/realrickschmitz/status/1379832909155209219) to bring DeFi into the real world. [Swishfund](https://www.swishfund.co.uk/) provides superfast loans (up to half a million pound) for business growth where you receive funds within 24hrs of approval. They are looking to utilize the crypto DeFi structure and incorporate it into their business model. This is a great step for crypto and to do so, Swishfund will rely on LTO Network’s [Decentralized Identities](https://ltonetwork.com/documents/LTO%20Network%20-%20Identities%20Paper.pdf) structure, so they can facilitate the move of DeFi from crypto into the hands of entrepreneurs around the world! + +We’re very excited about this project, where LTO Network will be actively working as an oracle for the DeFi space. More detailed information about this is coming later in the year. + +That’s it! Great questions, great vibe! Feel free to drop in on our Reddit, Telegram or other social platforms to keep track of what we’re doing (more adoption news on the way) and we hope to see you around. G'night! - Rick + +**What is LTO in short?** + +*LTO Network is a leading European Blockchain that focuses on B2B enterprise solutions. With its hybrid (2-layer) approach being natively GDPR compliant, it lowers the obstacles for businesses to get started with blockchain backed SaaS solutions. Working together with* [integrators](https://www.accesswire.com/542609/SignRequest-Introduces-Blockchain-Backed-Electronic-Signatures-with-LTO-Network)*, governments and organizations like the* [United Nations](https://unhabitat.org/un-habitat-oict-and-lto-network-release-first-open-source-urban-land-registry-solution-for-the)*, LTO Network is a paving the way to support blockchain efforts across the globe; leading a whole new wave of adoption coming to the cryptoverse.* + +**Our channels:** + +[r/LTONetwork](https://np.reddit.com/r/LTONetwork/) + +[*Website*](https://www.ltonetwork.com/) + +[*Twitter*](https://twitter.com/TheLTONetwork) *and* [*the CEO*](https://twitter.com/realrickschmitz) + +[*Telegram*](https://t.me/LTOnetwork) + +[*Facebook*](https://www.facebook.com/TheLTONetwork) +First off, I want to say thanks to the people in this group sharing knowledge to new members so that we ALL can all have KNOWLEDGE AND WEALTH. + +I joined this group a few weeks ago to learn about more monthly Dividend producing stocks. Today I picked up $226 collectively on Dividends with PAA (500 shares), SHLX (500 shares), and WES (100) shares. These oil company’s pay out quarterly so this would bring in about $900 to $1000 a year or more with more added stocks purchased. + +Someone recently shared that they wanted to make $1200 a year in discretionary income and so I also added Monthly paYers ...YYY, T, SHPD And GOOD to my portfolio this week. AAPL ( paid out on the 11th) , DVN, LEIDOS and VLO have also been good to me last year as I use DRIP ( a program to reinvest your Dividends for purchase of new stock ) with TDAMERITRADE to ensure I grab more shares of these valuable stocks at varying prices throughout the year. + +If you’re looking for some good dividends please check out the ones mentioned as they just bought me more stock for my growing portfolio 💼 💸 + +My personal goal will be $2000 a year in Dividend producing stock : please Drop your favorites. +What are signs that lead you to selling a dividend company ? Reduction in dividend? Sorry new to this and just want to know what to look for so I am not naive and just buy high yield companies people talk about. I want to be held accountable :D + +Thanks! +VICI Properties is my largest holding by far, making up almost 50% of my portfolio. This company has amazing growth potential plus an average YOY dividend growth of 10%. The company is acquiring MGM Growth Properties next year, with an expected boost in the already great earnings potential of this company they will basically own Las Vegas itself. Let me know what you guys think of this company I want to hear your opinions. Thanks 😊 and happy investing + + +### Market Notes: + +The S&P 500 dipped yesterday but held support at previous record highs. This is a very bullish sign. + +Futures are up this morning and I expect the buying to continue until at least the end of the year. + +Major retailers WMT and TGT have both seen explosive sales growth amid the pandemic. I'll be paying special attention to online retailers as we enter the holiday shopping season. + +### Watchlist: + +**KZIA** is a low float, support at $11 + +**FNKO** is a low float, support at $2 + +**CTHR** is a lowish float, support at $1.10 + +**CIIC** is a lowish float, on watch + +**MESA** is a lowish float, key level is $5 + +**BLNK** is a lowish float, resistance at $14.50 + +**SUP** is a lowish float, on watch + +**CCRN** has support at $8.50 + +**ARPO** has resistance at $2 + +**AXTI** has resistance at $10 + +**FOSL** has support at $9.50 + +**EGY** has resistance at $1.60 + +**RYAM** has support at $5 + +**VFF** has support at $7 + +**MGI** has support at $8 + +**ORBC** has resistance at $6.10 + +**ARAY** has resistance at $4.10 + +**PRTY** has support at $3.50, resistance at $4 + +**RBBN** has resistance at $5.50 + +**XXII** has support at $1 +[https://www.fool.com/investing/2020/04/08/should-you-buy-stocks-now-or-wait-heres-buffetts-a.aspx](https://www.fool.com/investing/2020/04/08/should-you-buy-stocks-now-or-wait-heres-buffetts-a.aspx) + +&#x200B; + +Here's Buffett's advice for a stock market crash. + +&#x200B; + +## 1. Don't try to time the bottom + +While Buffett may be nicknamed the Oracle of Omaha, he's always been quick to admit that timing the market is a fool's errand, even for himself. + +"I make no attempt to forecast the market -- my efforts are devoted to finding undervalued securities," the **Berkshire Hathaway** ([NYSE:BRK.A](https://www.fool.com/quote/nyse/berkshire-hathaway-a-shares/brk.a/)) ([NYSE:BRK.B](https://www.fool.com/quote/nyse/berkshire-hathaway-b-shares/brk.b/)) chairman and CEO has said. + +Buffett has taken this stance even further, implying in Berkshire's 1992 shareholder letter that near-term market forecasts can be "poison" for investors.  + +Instead of focusing his energy on timing the market, Buffett devotes his efforts to finding great businesses at good prices. "If we think a business is attractive, it would be very foolish for us to not take action on that because we thought something about what the market was going to do," Buffet said during the company's 1994 shareholder meeting."If you're right about the businesses, you'll end up doing fine."  + +It's Buffett's skill at finding undervalued high-quality businesses that has earned him the nickname Oracle of Omaha -- not his ability to time the market. Further, his decision to *avoid* timing the market has likely aided his stock-picking prowess. + +## 2. Don't waste a good buying opportunity + +One of the biggest problems with investors making market timing a key part of their investment strategy is that it can result in missing out on opportunities to buy stocks at lower prices while they are busy trying to predict a bottom of a market sell-off. Since predicting the bottom of a downturn is so difficult (if not impossible) the best way for investors to take advantage of these opportunities is to simply be a net buyer of stocks over time, particularly when stocks of quality companies go down in price. + +## 3. Get in the game and stay in it + +Probably the biggest takeaway from Buffett's discussions on market crashes and market timing is simply this: Be a net buyer of stocks and stay invested for the long haul. +The push to mandate low nicotine cigs is finally happening. Look for more news this week as the actual announcement is made. Any news on this front makes $XXII spike. As can be seen in Friday AH trading. + +[https://finance.yahoo.com/news/tobacco-companies-forced-reduce-nicotine-204054785.html](https://finance.yahoo.com/news/tobacco-companies-forced-reduce-nicotine-204054785.html) + +Also they are pushing to ban menthol in cigarettes - [https://rollcall.com/2022/04/28/fda-proposes-ban-on-menthol-cigarettes-flavored-cigars/](https://rollcall.com/2022/04/28/fda-proposes-ban-on-menthol-cigarettes-flavored-cigars/) + +However they are looking for comments regarding exclusions for this rule, such as vape products and Very Low Nicotine cigarettes - + + +" The agency is considering allowing certain exemptions for some menthol products, like cigarettes with low nicotine levels, on a case-by-case basis. " + + +FDA just endorsed VLN menthol, so it's pretty clear it will be exempted and will be an off-ramp for existing menthol smokers. + + +VLN Menthol has a high chance of being the only menthol cig on the market when this menthol ban goes through. Aside from partners that choose to license from XXII. + +&#x200B; + +Long $XXII. They are the only company in the world that can produce low nicotine tobacco and low nicotine cigarettes. (That aren't nicotine extracted or grafted from other plants. These processes leave the remaining tobacco undesirable. Ruins flavor and aroma.) + +Decades of studies by the FDA, NIH, NIDA have used solely their VLN (Very Low Nicotine) cigarettes for examining this policy. Mandating low nicotine levels means XXII gets royalties on nearly every sale in an $80 Billion market in the US. + +VLN Pilot launch in Chicago currently. CEO has said numbers are exceeding expectations. National rollout and international rollout coming soon. + +Company also works with cannabis/hemp and hops, looking into other plants. Just acquired GVB Biopharma which is one of the largest raw Cannabinoid suppliers in the world with over 15% of the market. XXII has the ability to increase margins significantly with their custom tailored hemp strains with increased levels of rare cannabinoids. Also upgrading a facility in Prineville, OR where they will have the largest extraction facility in the world. + +&#x200B; + +Please see my other posts if you want much more detailed DD on the stock. + +The idea behind their low-nicotine tobacco is VLN (Very Low Nicotine) cigarettes. [22nd Century has 18 publishes clinical studies](https://www.xxiicentury.com/vln-clinical-studies/published-clinical-studies-on-very-low-nicotine-content-vlnc-cigarettes), with another [27 clinical studies currently ongoing](https://www.xxiicentury.com/vln-clinical-studies/on-going-clinical-studies-on-very-low-nicotine-content-vlnc-cigarettes), (Heavily funded by the National Institute of Health, the National Institute on Drug Abuse, and the FDA.) that show that using [VLN cigarettes lead to decreased nicotine consumption](https://tobaccocontrol.bmj.com/content/24/6/536), [decreased cigarettes smoked over time and increased quit attempts](https://www.nejm.org/doi/full/10.1056/NEJMsa1502403). [Quit rates while using VLN + NRTs (Nicotine replacement therapies) were higher than when using NRTs alone.](https://pubmed.ncbi.nlm.nih.gov/22594651/) [Withdrawals were less severe using VLN than using other NRTs.](https://pubmed.ncbi.nlm.nih.gov/23603206/) + +&#x200B; + +https://preview.redd.it/3dse107zz6591.png?width=1283&format=png&auto=webp&s=61cca174e384020d0c5a1f4e6e3522a072fc2e4d + +Here you can see that an immediate swap over to VLN can lead to a 50% reduction in CPD. Even dual-use of VLN with regular cigarettes leads to a decrease in CPD. + +On top of this, studies were done to measure compensatory use in response to using VLN, and they show that [compensatory smoking does not occur](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6939759/), even in [vulnerable populations](https://pubmed.ncbi.nlm.nih.gov/27714427/). Because cigarettes smoked per day decreases when using VLN, [exposure to toxicants outside of just nicotine will also occur](https://cebp.aacrjournals.org/content/25/7/1125.abstract). + +New Zealand is also implementing such a policy - [https://www.stuff.co.nz/science/127803331/low-nicotine-cigarettes-could-cut-smoking-significantly](https://www.stuff.co.nz/science/127803331/low-nicotine-cigarettes-could-cut-smoking-significantly) and will be working closely with XXII for this. XXII has a subsidiary in NZ as of this year. + +EDIT: Common misconceptions here - + +**Compensatory smoking.** No, these do not make you smoke more. They help you smoke less. The FDA REQUIRES XXII to label each pack of VLN with "HELPS YOU SMOKE LESS". Less nicotine does not automatically mean users smoke more to get the same hit. + +[https://www.youtube.com/watch?v=hmS954TsuJE&ab\_channel=NEJMGroup](https://www.youtube.com/watch?v=hmS954TsuJE&ab_channel=NEJMGroup) + +[https://academic.oup.com/ntr/article/21/Supplement\_1/S16/5684957](https://academic.oup.com/ntr/article/21/Supplement_1/S16/5684957) + +" The available research on switching from NNCs to VLNCs shows minimal evidence of compensatory smoking such that smokers do not smoke more cigarettes per day and are not exposed to higher levels of tobacco combustion toxicants. Furthermore, mathematical estimations based on the nicotine availability in VLNCs compared with NNC cigarettes with consideration of potential increases in bioavailability that could occur with intensive smoking suggest that substantial compensation would be impossible. It is much more likely that smokers who are unable to tolerate the extent of proposed nicotine reduction would switch to other sources of nicotine, rather than try to compensate by smoking more VLNC cigarettes more intensively. " + +&#x200B; + +**Big tobacco has low nicotine cigs already!** This is incorrect. They have "lights" which are not low nicotine content cigarettes like VLN. "lights" are regular nicotine cigarettes with filter tricks from big tobacco to make it seem like they are low on nicotine/tar. Essentially they put a bunch of holes in the filter to dissipate the smoke. They recorded tar/nicotine yields in a machine which did not accurately represent how people smoke. People covered up the holes and actually absorbed much more nicotine than what the machines measured. This is why these are completely different from VLN cigarettes which contain tobacco grown with 95% less nicotine. + +"Nicotine intake per cigarette was about eight times greater than machine-smoked yields at the lowest deliveries (1.17 mg estimated nicotine intake per cigarette from brands averaging 0.14-mg delivery from machine smoking) and 1.4 times greater for the highest yield cigarettes (1.31-mg estimated nicotine intake per cigarette from brands averaging 0.91 mg from machine smoking)." + +[https://pubmed.ncbi.nlm.nih.gov/11208883/](https://pubmed.ncbi.nlm.nih.gov/11208883/) + +A supposed .14 mg of nicotine in a cig (according to the machine), and it actually delivers nearly 10x the amount of nicotine when smoked by a person. + +&#x200B; + +**Big tobacco can get a true low nicotine product on the market soon, too!** + +Incorrect. Even BT says they will be unable to work around XXII's patent moat. Process would take 10-20 years and cost tons of money in R&D. The only easy way is to license from XXII and pay em royalties. + +https://preview.redd.it/oexywnpkz6591.png?width=702&format=png&auto=webp&s=58cc04ab678a6030d7bec3ac2a673e2232744385 +**Mods, please leave this up for a bit, there is no way of the 1000+ members knowing, as they are kicking people out and continuing their scam.** + +First, I have probably should have known better. Consider this a PSA for all the new folks around here considering joining the groups that they see on Instagram. + +Let's get right to the point: **OptionsSwing's discord is a complete scam.** + +For $60/Month they will make call outs for the members during the trading hours, catch is they are trading paper accounts while the majority of their members getting burned on their real accounts. + +**Proof:** + +"Jim", who is an admin and posts his alerts through out the day in the channel, has recently started playing tickers in TOS that has "24/5" offered by TD - [Link here as to what it is](https://www.tdameritrade.com/tools-and-platforms/after-hours-trading.page) + +Why is that important? Because those tickers will show a purple 24 on the top right of the ticker in a real money account, as opposed to a paper money account. ([Chat with TD confirming here](https://ibb.co/7tFT8Rj)) + +**"Jim's Trades" - notice how there isn't a purple 24 that is suppose to show on tickers such as SPY, QQQ, or TLT.** + +[https://drive.google.com/open?id=1ZzrZVnFXRs5YY35pMzo6oQsHXGsulNP1](https://drive.google.com/open?id=1ZzrZVnFXRs5YY35pMzo6oQsHXGsulNP1) + +Notice how some of his trades will have the 24 (Pg.33-38), while the majority of his trades do not? + +\*\***REAL TRADES HAVE a 24 next to tickers like SPY such as this one:** [**https://ibb.co/t3wtRYQ**](https://ibb.co/t3wtRYQ) + +**Members Winning screen shots will all show the 24 except for one member, Bonobo who is open that he is paper trading.** + +[https://drive.google.com/open?id=1UkZbkhNbIlU3Auv0qBAhpCPePj8eqlxR](https://drive.google.com/open?id=1UkZbkhNbIlU3Auv0qBAhpCPePj8eqlxR) + +**Now onto one of their mods "Neutral Tryon" who kept on bitching at all the paying members when MSFT hit 187 in Feb and said to get calls at the top and the trade was going south. Kept on advocating to double down...here are his trades.** + +[**https://drive.google.com/open?id=1vyCUwGdxetAvkYw4SQ2szqOecqdpnuBA**](https://drive.google.com/open?id=1vyCUwGdxetAvkYw4SQ2szqOecqdpnuBA) + +He too was paper trading on his TOS account + +**Now when he actually trades with real money on RH - notice the difference in amounts? LOL** + +[**https://drive.google.com/open?id=1wcwzkPUY8txlzeyURcioqGv3sw6Vy2gk**](https://drive.google.com/open?id=1wcwzkPUY8txlzeyURcioqGv3sw6Vy2gk) + +**TLDR: OptionsSwing discord is a complete scam. with 1000+ Members paying at least $60/month these bastards are raking in 60K+ Monthly by posting their paper trades.** + +OptionsSwing Instagram: optionsswing + +Neutral Tyron Instagram: Everydaygrowthadvisor and Tushallsharma + +UPDATE: + +**Someone commented to check their Testimonials and that "No one was forced to write them"** + +**Wasn't forced, but definitely an incentive, usually monetary:** + +[https://drive.google.com/open?id=1pFMA9ATgrhTjJxMRMgpbO99WY7kjLhfz](https://drive.google.com/open?id=1pFMA9ATgrhTjJxMRMgpbO99WY7kjLhfz) +I was due to close on a mortgage offer just before lockdown. I was in the 10day cooling off period when everything shut. + +My mortgage was due to expire at the end of June and the provider was giving an extension. They asked the solicitor to provide them with a date that they expected completion to be done by, which the solicitor said should be around the 31st July. + +I didn’t hear anymore from the solicitor so sent them an email on the 30th July asking for an update. I got an auto response saying what the office hours where but didn’t hear anything else. + +I called at the office on Friday to get an update (3 weeks from email) and the receptionist took my name and number and looked shocked when I said I hadn’t heard from 31st July. + +I still have not heard back from her with regards mortgage. + +What should I do? Have I any grounds to complain? I worried we might loose our mortgage offer which took a lot of work to get one accepted and the solicitor isn’t even responding to me. +The Afghan war will cost us roughly $6 trillion when all is said and done. + +The population of Afghanistan was roughly 25 million when we invaded. + +Perhaps it would have been cheaper and less destructive to have just given every man, woman, and child in Afghanistan $250k in cash and called it a day…. +Listen, this may be a controversial opinion here, but, money is power. Money can buy happiness. There has not existed a single depressed rich man whose sadness can be cured by losing his money. If you are in your 20’s, make money. Seriously. Yes, I know you want to party and live the life- but once you’re in 30’s, you will have family to take care of, and 40’s, you’re too invested in one skill to change profession out of security. + +Lots of times, on r/jobs, I see post about “hey I’m making 200k a year as a butterfly flyer, but my true passion lies in paper clip literacy and have offer for 200 bucks and 2 paper clips per year: really hard choice, which should I choose?” again, yeah, I can heard your gasps “but you are supposed to follow dream! If you don’t enjoy work, don’t do it! Is a 15% raise really worth another year of company that dares to give single plyer TP?” + +I don’t subscribe to this notion. If your passion is English major but have a job in dentistry- you’re NOT MAKING A GOOD FINANCIAL DECISION BY CHANGING. Sometimes good decisions does not make us feel “good” inherently. + +I mean if you work is literally a danger to you, physically and mentally, yes, you can change. But my point is mainly really about people that “chase” their dreams. Way too many people that had 2.9 GPA applying for med school and wondering why they haven’t matched in 3 years with 300k debt in account. Do what you can in your own power lane, but also think more critically about how much sacrifice you’re willing to make to have the security deposit early in life when you have less need for it so you have much more choices later. +Just a bit of background to set the scene. I used to work as an graduate financial auditor but quit at the end of May due to anxiety/depression and wanting a career change (I was making about £1.8k/month). I've been doing some cash in hand giggs since then but only pocket money worthy. I finally got a temporary Christmas job with royal mail doing van deliveries and it has decent pay and this is where it all begins. (the job started on the 16th November) + +After the first week of work, my mother caught coronavirus. We live together so I was made to isolate for 2 weeks immediately. Thinking that I would be entitled to loss of earnings I was happy to oblige. + +This week, I got an email stating a rejection to the scheme. The assessor claimed that my statements show that I make more than £15,400/annum which is the threshold set by dwp. I was confused since I had only been a week in my new job which guarantees 20hours per week at £13.80 an hour with overtime potential. + +The assessor didn't actually see any income in my account because I hadn't actually been paid yet in the last 2 statements. However there is a lot of cash flow as I buy things for family members on my credit card and they pay me later. He saw the money owed to me as income which is false. Further to this I have around £8k in savings which I declared because I didn't want to lie. + +I might not be struggling for food but I can't help but feel incredibly frustrated because I was forced out of pocket (selfish I know). I can't do my job from home so for those 2 weeks I just lounged about when I was perfectly able to work. To make matters worse I've suffered a knee injury this week whilst on the job and the doctor has said I can't do long walks for deliveries. So if I tally up my potential earnings for this year. I'm pretty sure I'll be under £15.4k. + +Is there any way I can respond to this assessor to get paid a loss of earnings? + +Edit: Firstly I'd like to apologise for making it seem as though I'd work whilst in isolation. I was pretty heated whilst typing and wouldn't dare put others at risk. + +I appreciate all the great advice that has been provided, I will be making calls tomorrow. I feel like the majority of my annoyance is based upon the fact that this was my first 'proper' job in 6 months, and just like that I've lost nearly a quarter of the money the contract offered me. +Reddit has changed so much in the last 3 years. This place is unbearable. The only expectation seems to be this sub. When the market is down it really seems to show. +Bought $TSLA calls for $635, 2/7 expiry. Don’t even have enough in my bank account now to cover this. Honestly I barely know what options are and all I can see if that I somehow am down $200+ already today? Am I in trouble here? I prayed to Elon for almost a full minute today but it keeps going down :( + +EDIT: Holy shit guys I made $3. I think I’m cashing out while I’m ahead, thanks for the tendies + +Edit2: Ended up making $25 total. Going to take that money and either buy a book to learn wtf I’m doing or buy some lube for next time, haven’t decided yet. Proof of tendies provided + +Edit3: Fuck me please stop asking. Yes I actually sold for $25 profit earlier today. Yes it’s worth like $69,000 right now. Yes I’m retarded. I’m well aware that I’m a pussy and should’ve held for Papa Musk to answer my prayers. + + +https://imgur.com/gallery/je0BjTc +Hi folks, I have a long term position in stock that has appreciated substantially over the years and I think it is time to rotate that out to other entities. Our annual household income falls under the highest income tax bracket both for US federal and California which is the state we live in. I’ve been thinking about selling the position before Biden’s tax code change kicks in next year. Rumor had it that long term capital gain tax will be removed for the high earners. So I’m wondering any other folks in this community has the same consideration as I and what are you thoughts/opinion + +Thanks +I have been thinking hard about this lately. I do watch some YouTubers and I have realized that some of them invested in Tesla prior to 2019. Their return is astronomical. + +That led me to think about apple as well. Both are consumer products and have that “it” factor captivating the audience. + +I wonder what’s the next. Some say it’s palantir but I think it lacks that sexy appeal to direct consumers. + +ps + +Can’t edit the title. Im asking NEW stocks. Not the one listed above. + +Let’s not talk about Tesla’s PE ratio. + +pps +Thanks for sharing your opinions. Some think it’s silly but I think it’s valid. I listen to earning calls and try to evaluate companies from financial perspective as well. But we can’t deny the fact that popularity and a fan base play a big role as well. + +Just trying to find a jackpot and maybe invest 1% of my portfolio. + +Ppps +I added Spotify because I thought it was one of the market disruptors. It may not have bright future as other companies but I do think it changed “the game”. + +Searching for extremely undervalued/unpopular stocks in early stages but will have explosive growth And become a household name. + +Gracias +Earning estimates BEATEN! [$0.78EPS instead of $1.84 estimate!](https://www.jpmorganchase.com/corporate/investor-relations/document/988066cc-7900-48d3-a71b-8b2693695741.pdf)[Stock goes up by ~~1-2~~ 3% premarket!](https://ca.investing.com/equities/jp-morgan-chase) + +Earning goes down, EPS goes down, revenue goes down, stock goes up! + +Stock ONLY goes up! +Honestly, I'm a bear and I don't get this move but it's a pretty big technical hurdle (10,565 -> 12,684 \[+20% after two consecutive 20% declines\]). If it continues this trend in the coming weeks/months it could officially be in a new bull market, however long that will last. Just thought it was worth mentioning and hearing some opinions on (both sides) where we go from here. +The vast majority of the speculation I’ve seen is if he really has funding or not, but what would be the consequences if he did? + + + + + +If details are important, let’s say that Musk talked with some sovereign wealth fund about maybe taking Tesla private and they said it would probably have to be done around $420 a share as a rough estimate, but didn’t commit to anything even slightly substantial. Musk then begins tweeting. + + + + + +What consequences for Musk and Tesla could be expected, and how much variance would there be in the decision (a certain outcome vs a lot of ways it could go) +My wife and I bought a house at the sherrif’s auction January 2020 with a secured loan from the bank. We recieved the deed from the sherrif’s auction. We began to fix the house up. Consisting up tearing up flooring, replacing windows, painting the entire house, fixing walls and ceilings. When we went to get the abstract we found out there was a second lien on the property not disclosed when purchased at the auction. + +We got a lawyer and the lawyer attempted to contact the bank with the second lien. The bank could not find any loan for this property. A couple of months later we have a guy walk in the house to inspect and change the house locks. We continued to work on the house with the okay from the lawyer. Another notice was left on our house detailing it was empty. Our lawyer said to continue working on the house and it will just take time. This went on for an entire year. + +About last month we get notified from bank 2 that we either pay the second lien that is owed or they will take the house and put it back on the sheriff’s auction. The amount owed is around $114,000 not including the loan we already have of the house. Our options came down to paying bank 2 to go away or have the house taken. We attempted to negotiate and offered 50k. Bank 2 gave no response and told us they will be putting it in the auction soon. My wife and I decided to offer 100k and was turned down by bank 2. It was reported by our lawyer that bank 2 said they were going to be putting it on the auction again because they can get more money. Our options come down to continuing to negotiate with the bank in hopes they’ll go away or lose the house and continue to pay a house loan for no house. Our offer of 100k was already pushing it so at this point we’re out of options. My goal is to bring awareness and help other people not get in this same situation. I am currently working on a video that details all of this along with before and after pictures/videos of the house. + +Thank you for reading. + +Edit. Added one more sentence to the TLDR + +Edit2: this happend in Iowa,USA. My mother law in law took out the secured loan then it was going to be switched to my wife and I after we fix up the house. This “plan” was recommended to use by our bank who gave us the secured loan. + +Edit 3: currently at work but i’ll try and answer you guys as soon as I can and provide more info. + +Edit 4: I used the word “mortgage “ but it’s not. I’m not very knowledgeable in this area. To clarify my mil got a secured loan from the bank using her house as collateral as recommended by our bank. After we fixed the house some, the loan would then be transferred to my wife and I. We would then start a mortgage. + +Edit 5- anyone know a good place to upload our before and after video? Some expressed wanting to see it but I don’t believe I can include it in this sub. + +Edit 6- Some have pointed out Iowa does not have title insurance. My mil has looked into other real estate lawyers and has had no luck. + +Edit7- The video is now live. https://www.youtube.com/watch?v=qApAx9McdG0 + +TLDR: Bought a house on sheriff's auction that needed a lot of work. Worked on the house after we bought it. Found out months later there was a second lien. Bank will be taking our house due to failure to pay for second lien ($110,000+) from previous owners that was undisclosed when we bought it. We will have to continue paying for a mortgage for no house. DON'T SKIP OUT ON TITLE INSURANCE! +### UNITED STATES + +* **GM** is laying off 14,300 employees and closing seven factories + * The **car** **industry** is changing, all the top selling sedans in America are Japanese (Camry, Civic, Accord, Corolla, Altima, and Sentry) + * **US** **auto** factories have extra capacity in excess of 3.2 million vehicles, meaning more factory closures are likely  + * **Ford** will be cutting back production to just two vehicles, the Mustang and the Focus Active + * **Tariffs** have also weighed heavy on the industry, contributing $700million in excess steel costs to GM alone +* The Dallas Fed **Manufacturing** Report came in weaker than anticipated (Expected 24.5 | Actual 17.6) + * The Index of **Hours** **Worked** in Texas is down sharply as well + * Things appear to be slowing down in Texas +* On the flip side, the Chicago Fed's **National** **Activity** Index shows things picking up at the national level + +### OTHER + +* **George** **Soros** will close his Open Society Foundation offices in **Turkey** after Turkey's president accused "the famous Hungarian Jew Soros" of dividing and destroying nations  +* **Shell** and **Eni** are at the center of a bribery scandal in Niger. The companies were found to have been given favorable treatment to explore in the Niger Delta +* **Mexican** **markets** are at their lowest levels since 2014 +* [Saudi Arabia is pumping record amounts of oil despite already low prices ](https://www.reuters.com/article/us-saudi-crude-output/saudi-arabia-pumps-record-amount-of-oil-as-trump-piles-on-pressure-idUSKCN1NV12L) + +### CHINA + +* Goldman Sach's China Activity Index continues its descent  +* Demand for new automobiles has fallen steadily  +* China has dropped imports of US crude oil to zero +Like many of you, I'm trying to think of meaningful ways to give back given all of the good fortune I have had in my life. I want to give money earlier in my life. But I have a mental block of not wanting to give away money we "might" need in the future. We had a bit of a health scare recently and obviously this year's market isn't helping my risk-averse nature. + +Some data: + +* We are early/mid-40's with no children and no plans to have them +* We are a couple of million over our FIRE number now +* I'm still working because I love my job most days and I make 500K-1M/yr. I think I will work for at least a couple more years but I honestly have no idea. Some days I think, if I work one more year, I can donate that money and do so much good +* I already do a fair amount of volunteer work so am really just focused on monetary gifts + +So what I'm pondering is: + +1. What amounts would you say are prudent to give at this point in our lives? +2. What are your thoughts about working to donate? +3. For those of you who have felt a similar mental block, how have you overcome that fear of giving away money you might need later? + +Thanks in advance for your thoughts! +At a certain level of wealth where you can buy more time and influence, I'm curious how folks here spend their personal time and/or money to give back to their communities or make the world a better place. + +Do you donate a percentage of your income? Mentor or volunteer somewhere? Do you find it more or less fulfilling than your income producing ventures? +I posted this 20 days ago: + +[Personal sacrifice limits during the pandemic?](https://www.reddit.com/r/fatFIRE/comments/fq24e2/personal_sacrifice_limits_during_the_pandemic/) + +Today, we received our funds from Chase Bank. Paychex processes the payroll and they generated a report 12 days ago that removed the FICA and adds in a cap for employees earning over $100k / year. Chase took an online application 9 days ago along with supporting documentation, issued the approval 1 day ago, and we received exactly 2.5x our monthly payroll costs off the Paychex report. + +We also received an email today that Chase is no longer taking applications because the original amount of money allotted for the SBA PPP program has been allocated already. We have several friends who also own businesses that were unable to participate and they are starting to really struggle. + +So mostly this is a followup for those who wanted to see how things turned out. +I've been at this since December, starting off with small cap stocks but I'm completely done with that mess. Since April, I've been working with large caps (mostly TSLA, QQQ, and SPY) and I've done better overall but still cannot find a strategy I'm comfortable with. I tend to lean towards scalping. + +Right now, I follow 2 guys and I've learned a lot from them, but there are issues with both of their strategies that I struggle with: + +\------------------------- + +First guy - breakouts ONLY off of premarket low/high and intraday levels. This just seems so risky to me. I've lost a ton doing this because instead of a breakout, it would turn into a reversal. + +Second guy - bounces/rejects off supply/demand zones. Overall has gotten me better results, but I struggle timing my entries and he does as well sometimes too. Last week, I got stopped out of TSLA puts 5 times in about 15 minutes, and then it finally went in my favor without me. + +\------------------------- + +I've been researching different strategies but it seems tough when it comes to these large caps. Everywhere I look, it's indicator this and that, "100% win rate tradingview strategy", and it seems that most of these strategies don't work with stocks like TSLA. Most of them seem to be with Forex or Crypto. + +I've watched TSLA, QQQ, and SPY every day for at least 5 hours a day since April and it seems like nothing after the first 1-2 hours makes sense to me. The movements are all over the place. Take a look at TSLA today...I mentally entered trades thinking a new trend is about to begin but I'd lose every time. + +At this point, I'm not sure where to study because I feel stuck. I know 3 months isn't a long time but I feel like I should have some idea of when it's a good time to enter a trade or not. + +Any advice/strategies/indicator/help/ANYTHING is appreciated. What has worked for you? +My debt story began when I went to university and got a Halifax student account with 3k overdraft. Big mistake. I lived with my parents and didn’t need that money but I had it there anyway. I had maintenance loan for whatever I needed to spend on and a lot more extra for what I wanted to spend on. Yet I managed to start using the arranged overdraft. + +A couple of months later, I was in a very unhealthy relationship with someone who was terrible with money. So what did I do? I lent him my money. Lots of it. I paid for lots of things. One of my biggest regrets ever. I lent him 1.5k and at least another £500 was spent on him here and there because he couldn’t afford things. I really think I was a sugar mama... + +And a year since that relationship started, we broke up. The break up, combined with other things at home, university etc put me through a mental break down (I had suffered from depression episodes before but now it was/is a long term thing). I then began spending lots of money. Lots. On anything and everything. I withdrew from university during the second term of my second year of university. I was overpaid by student finance and was told to keep the money aside. I really wish they had taken it. I too this day can’t understand how I spent all of it. + + +Eventually, i got therapy and help and was diagnosed with Emotionally Unstable Personality Disorder. One of the broad categories of symptoms for this is impulsive behaviour. This included impulse to engage in reckless or irresponsible behaviour. For me that came out in drinking and spending. + + +I got a job but I found it too demanding and I had very little control of my mental state at work so it wasn’t safe for me or others around me. My psychiatrist sent me to the hospitals careers department where I received help to find a job suitable to me and in the mean time applied to receive ESA. + +I did find a job that suited me very well but it was less than 16 hours and not a lot of money so I continued to get ESA alongside. During this time I made a plan to pay off my debt. I was about 6k in debt. I also had a maxed out credit card (limit was £500). I left the job after 8 months because my physical health went down hill. + +Now it’s been 4 years since I started university. I paid off my student account. I paid off my credit card. I paid off another credit card I had during the time (£700). I’ve been receiving welfare for far longer than I wanted to. I wish I never had to in the first place. I love working and having a job and I look forward to it again. I’m finally in a place where I feel I’ve had enough of a rest. I’m returning to completely my university degree (therefore student finance with take the overpayment from my maintenance loan and I’m happy with that). + +I’ve learnt a lot about money, struggle, impulsiveness and responsibility in these last few years. I know I was fortunate that I didn’t have many expenses while I received ESA and therefore could save a lot of it to put towards my debt. Now I know that overdrafts are my enemy... +Just received an email from Virgin Money that the interest rate on their M Plus Saver account has been increased + +Up to £25k was 1.56% now 1.71% +Over £25k was 0.75% now 1% +I’m really worried about my brother. He’s very young, and is terrible with finances. He went to uni and got into trouble with payday loans. He made a joke that he’s got four banks coming after him, presumably for overdrafts. + +I really want to help him. I recommend StepChange, but I think he might put off speaking to them due to depression and/or shame. + +What practical advice can I give him directly? I’m not looking for things like ‘spend less, have a budget’, but instead things that will reduce the debt available, maybe a way to stop interest from accruing. + +Thank you so much in advance. + +Edit: it has occurred to me that the bank letters might be for credit cards too. +I'm talking about the things you see in your feed sometimes like promoting websites or starting YouTube music channels or weird voice over work? + +I've seen a whole bunch but surely if it were that easy, everyone would be doing it. I question exactly how "passive" they are also. + +Just curious if anyone has tried it? +So someone has stolen my card details - maybe an online hack or something as I don’t remember handing my card over. + +Anyhow it’s $950 through an online transaction. + +The well known retail company won’t give me any details or stop the transaction without the order number. + +My card company won’t do anything til I have a police report. + +The police need the details of the transaction from the retailer to be able to do a report. + +I’m not sure how to fix this. Any advice? + + +EDIT: thank you for all the ‘cancel your card’ comments. This wasn’t really an answer to my question but I appreciate you taking the time to reply - and also everyone who has taken the time to downvote me. + +The police can’t do anything but that help line gave me a reference number. Thank you for that advice. + +I hope no one ends up in this situation. +And I could miss out on another 3 months... + +Timing in the market is hard ! + +Edit: I have 10k I'd like to invest. Was silly enough to wait for a dip. + +Should I just transfer it all now or DCA? VGS +In tax year 2012 I was working as an independent contractor. I've owed money for that year for the last ten years. During these years I've never received a refund because it always goes towards the debt. I spoke with the irs last year and during those conversations one guy told me "I probably shouldn't tell you this, but after 10 years we cannot collect anymore". I've looked it up and indeed it says the debt goes away after 10 years. Well next year is 2023 so I'm assuming it will be clear by then. Is this true? Is there any way it won't go away? I'm not sure of the rules exactly but I figure someone here might have more insight. I also figure between next years return and an annual bonus I could just pay it off but I can't afford a payment plan right now and just want to know if I can somehow wait it out. +I'll try to make this as short and sweet as possible. + +Currently living at home fortunately not paying rent and have no bills. I've been trying to save money to put a mortgage down on a house (or a manufactured home on a plot of land). I know the market is terrible for housing at the moment but I'm not there funds wise so I'm not too worried about it. + +I have been using Acorns as a means of saving money (which I know alot of stock investors don't like acorns because of the 1$ a month fee but it has helped me regularly save money and invest it). I currently have Close to 11k in Acorns, depositing 50$ a day (1500 a month not including roundups). I'm working on building my 401k which I messed up about a year ago. Company changed 401k plans and I didn't change mine in time and they sent me a check so I got taxed on it. Currently 1k in 401K and maxed out on 12% of each paycheck. + +I also have about 2.5k in stocks through robinhood which I've been thinking about cashing out and moving into Acorns. Lastly, I have about 4k in my savings account which I keep mostly for emergencies. + +I currently make about 18.50 and hour with benefits (union) and most my paycheck goes into my 401k and Acorns. I make roughly 900$ per paycheck after taxes and 401k. + +Is there anything more I could be doing or any advice in the long run that would be more effective than what I'm currently doing? + +I dont know if these questions below fit here but they tie into my main goals: + +• Would it be cheaper to buy land then get a prefab/manufactured home or buy land with a house already on it? + +• My dad's assistant said putting my Acorns money into a Roth IRA would be better because I wouldn't get taxed on it ( or get lower taxes, I can't remember). Is this a good idea? + +• I know time in the market is more important than the amount but say hypothetically, I used acorns for 5 years to save for a home then withdrawal the amount I need for a down payment. Would this be efficient? + +I'm trying to make the best choices for myself that will lead to a successful future, but there's many different paths to take and I'm unsure which one is best fit for me. + +Thanks for reading 😁 +I just graduated from college back in May. I have $20,363.63 in student debt. I won’t have to make my first payment until January 23, 2021. I don’t pay rent at the moment because I am with my parents but my issue is if I should pay the whole lump sum in one payment or pay $210.55 for 120 months. I have no credit card debt and to be honest I just want to begin the new year debt free and begin structuring my life. Thoughts? +Some relevant info: + + +Our RothIRA is already maxed out for the year, and will be for the next 3. Her grandmother died and left us enough cash to max it out for 5 years. + + +Edward Jones holds the excess cash and instantly moves the maximum amount over to our IRA every January 1st. + + +My wife is a teacher and has a 403(b) with the county she contributes to each paycheck. + + +I am self employed as a sole proprietor. I do not have anything in place for myself through my business. + + +I do still have a 401(k) from the 10 years I worked at my old job until I quit to start on my own. It is just sitting there. + + +We have no debt (besides our new mortgage). We do not use credit cards and our cars are paid off. + + +I am 27, she is 28. +Title says most of it. They live in NY. What do people that age do with influxes of cash like that? Stock market seems very frothy imo. Where else do stash it? Low/zero fee annuities? Medicaid trusts? Let’s get creative, people! +My fiancé and I are very torn between purchasing or renting. We are both fairly young to purchase a home, which is our biggest hesitation (24 & 25). We are both debt free. I currently have $100,000 saved and my fiancé has ~$55,000 with an income of $65,000 a year. The area we are looking is in/around Greenville, SC. It is becoming a very popular place to move/live. My fiancé's family has lived here his whole life, and his parents did something similar to what we are thinking of doing. They bought land a little further out than where most people were living, and now the population has expanded and they have had a great investment. We found a property that has a pretty nice home on it, and is 6 acres. The property mortgage would be ~$1,300 a month. The places we are looking to rent are ~$2,000 a month (we have a dog and there are less places that accept pets). + +We both feel it would be a better investment to buy land and live in the home on it, then one day build our own house on the property. We are also both terrified of taking out a mortgage or being in debt. I feel making payments towards something we can own in an area that is only increasing in demand for properties is wiser than making payments for rent which we will never own. Thanks for any advice or directions! +I'm looking for advice on order of investing for my wife and I who gross $245k/year. Our current contributions are: + +* Each 10% into our 403b. We are doing half Traditional and half Roth and getting a 5% match. Neither of these get to the Max of $20.5k/year. +* For HSA we are maxing out with employer contributing $1k/year. We are paying healthcare out of pocket, saving receipts, and investing in our HSA +* We are pre-saving to max out Backdoor Roth IRA each year. We've done $6k total this year and plan to start doing the full $12k in January 2023. +* We are contributing $500 mo to an after tax brokerage account. +* We have a $20k in an emergency fund and spend well below our income. Our retirement contribution rate (403b, HSA, Roth IRA, and Brokerage account) is 20.5%. +* Combined balances are roughly $285k in 403b, $13k in Roth IRA, $4,500 in HSA, and $5k in our Brokerage. We are about at a 70% domestic, 28% foreign, 2% bond allocation, all in low cost index. + +&#x200B; + +My questions are + +1. Should we prioritize maxing out our 403b ($41k/year combined) before contributing to Backdoor Roth IRA? If we were to do so, $41k plus $7,300 from HSA puts us right at 20% totally contribution rate of our gross income. +2. I understand the general order of investing is workplace up to the match, HSA if you have it, Roth IRA, then back to workplace up to your desired retirement contribution percentage savings rate, but if you are above the income for tax deduction, does that logic still apply? +3. Any other gaps, missing parts, or advice you have? +Hello everybody! +I’m Richard 20/m planning my depot. +Because of my as I think very long investment horizon I about successful businesses and sectors of the future. I have some thoughts, which is like to share with you and please also give me your opinion. +The following sectors/stocks could be very interesting for the future: + +Space & Defence: +- Airbus +- Lookheet Martin +- Northrop Grumman + +Technology: +- MSCI World Information Technology +- Nvidia +- Texas Instruments +- SoftBank +- American Tower +- Apple +- Umicore +- Tomra + +Finance: +- Visa +- Mastercard +- Berkshire Hathaway + +Property: +- VanEck Think Global Real Estate ETF +- Welltower +- Medical Property Trust +- Digital Realty Trust Inc +- Vonovia + +India & China: +- Franklin FTSE China ETF +- Franklin FTSE India ETF +- Alibaba + +AI & Automatization & Software: +- Adobe +- Autodesk +- Microsoft +- Google +- Rakuten +- Amazon + +Biotechnology & Pharma: +- Tyson Foods +- Johnson & Johnson +- Siemens Healthiness +- Carl Zeiss Meditec +- MSCI World Healthcare ETF +- BB Biotech +- Intuitive Sergical +>Under new export control regulations and sanctions imposed by OFAC, Intel, AMD, and even TSMC may be suspending chip supplies to Russia. +> +>A new report claims Intel and AMD are suspending sales of industrial processors to Russia. +> +>The companies would be following new rules set by OFAC and BIS on selling technology to Russia in response to its invasion of Ukraine. +> +>The ban would not apply to consumer devices. +> +>TSMC, which manufactures Russian-design chips, reportedly complies with new export control rules against Russia. + +&#x200B; + +[AMD and Intel reportedly are suspending processor shipments for industrial use to Russia | Windows Central](https://www.windowscentral.com/intel-amd-russia-sanctions-ban-chips) +I live in houston, tx. I'm 26, am female. i have a younger brother, 23, male, and autistic.we live with extended family and we have to be out of their home by the 1st of august. I'm not my brother's representative payee. The relative we currently live with and house we have to be out of is. i'm going to be starting a job on the 17th and I should be getting paid by the 29th. it's with amazon at $15.60 for 40 hours a week. 6:00 p.m. to 4:30 a.m. i don't have a driver's license or car. i have an idea of using the money to stay in a hotel for a week. i've looked up hotels near my job and have an estimate of the cost. not a definite because it'll likely change. i was thinking after getting my paycheck I can apply for a loan. use that money to stay at a hotel longer. live in a hotel while saving up for a place to live. i don't have past rental history. we were paying rent and some utility to older relative. i don't have a concrete plan. what should i be doing? what do about a place for my brother to be while I'm at work. i heard about respite care. how does that work. what do i need to do for him to be there. how do i get him out when i find a place for the both of us to live? +Hi all -- been following this sub for a long time and thought this might be a good place for some advice. I founded a small business when I was 29 that slowly evolved into a small tech company, which we sold to a Fortune 5 this past February. It was enough to return money to investors, provide a handsome windfall to employees, and leave me with about $2.1M. + +I was dismissed by our acquirer about five weeks post acquisition, after which I bounced around Europe for a month, and now I'm back home and trying to figure out what to do next. I don't have enough to retire outright, nor do I want to. + +Like many founders, due to lack of both time and money plus an abundance of stress, I neglected many personal goals in the nine years I spent running my company. This post was inspired in part by a post here that's trending about a guy who took a year long sabbatical. + +I'd love to do the same -- use the time to get in better shape, read a ton, reconnect with friends and maybe even begin a longterm relationship -- but I'm battling the inner restlessness that I believe is a part of the classic founder personality type. + +So for those of you further down the path to FatFIRE, what would you do if you were me? +The market keeps going down but these low floats SAAS stocks TWLO, MDB, WIX, TTD, SHOP, VEEV, TEAM, HUBS just keep going higher. Some of them are trading at P/S of 26/28 times and have no profits. Most of them have gone straight up from 100-500% in last 12 months + +TWLO diluted last week 5% week but stock goes higher. + +VEEV, SHOP trading at P/S of 25+ + +Any idea what is going on with these? + +I just know it's not sustainable and the bubble will burst and they all will lose 30-50% +They will all beat expectations. They will all be down after earnings……………. + +I hate it here……………..I not leaving though, too much fun and money! + +Also random CEO farts on hot mic company up 12 points in pre-market. +I'm not sure if this is the best place to ask, but /r/Zelle limits who can post there + +I just moved into a new place and my new landlord wants me to send monthly rent through Zelle. I gave him my security deposit and first month's rent through a check. A couple questions: + +Do the new rules on IRS reporting affect rent payments? Do I send it as a personal payment? + +My bank does not work with Zelle, but apparently I can still use the app on my phone to pay. I'm wary of this and wondering if there are built-in limits or things I should be aware of when using the app with a bank that doesn't already work with Zelle. + +When I install the Zelle app I'm getting a message: + +> We use third-party software to scan your device for malware and to protect your account from misuse, including fraud prevention. No data is stored or collected through this scan. + +The only option is to hit "allow" to continue. I see no mention of what this third-party software is or what it can access. Searching Google returns zero results for this message - is this new? + +Are there any other things I should be concerned about or aware of when paying rent through Zelle? +Hello Reddit, + +GME is not a question of a business model in the future, it is a question of right now. I understand the need for numbers and figures, I do. Technical and fundamental research is viable and necessary, but one very over looked method of analysis is philosophical. We have seen DD after DD talking about the numbers and the business model. But I want to share some thoughts with you of my logical thinking and would love to see counter points. + +**First Let's Recap** + +**Pre-Earnings (Aug-Dec)** + +Already was running up and then r/wallstreetbets massive hype of a short squeeze and Cohen letters leads to a run-up followed by a sell-off due to overbuying. + +**During Earnings (12/7):** + +[Earnings Call Transcript](https://www.fool.com/earnings/call-transcripts/2020/12/09/gamestop-gme-q3-2020-earnings-call-transcript/) + +The conversation and presentation actually had good content. Their balance sheet looks fantastic; eliminated debt, reduced costs, making changes towards the digital transformation, e-commerce way up, console sales upcoming, new inventory and other positives they didn't even mention like the [Microsoft deal](https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/). But the stock plummets...why? + +There were two pieces of "bad news": "missed revenue" and "shelf offering" which PR blasted in a very negative light taking it completely out of context. Revenue missed was expected, not just because it's GME but because of COVID-19 effects on a retail business. + +Revenue: Loss was expected, not just because it's GME but because of COVID-19 effects on a retail business. + +Shelf offering: $100M and has two years to be used. + +First comment was by Jim Bell: ""However, as a pragmatic matter initiating this program provides us with the maximum flexibility and optionality to further bolster our balance sheet and liquidity position and increase flexibility gives us the ability to leverage opportunities to accelerate our transformational strategies, such as increasing the speed at which we elevate expand our omni-channel strategy while further ensuring minimal disruption from any potential further pandemic impacts around the world." + +When asked by William Reuter from BoA. "OK. And then, in terms of the new shelf, you know, I saw that you mentioned general corporate purposes. Would you consider issuing stocks to repay debt under that program?" + +George Sherman responded: "No, that's absolutely not the intent. The intent here is to simply optimize flexibility and optionality. Period. There is a lot of unknowns going on in the marketplace with respect to this pandemic, ongoing flex of cases across the world, the impacts on our own businesses." + +My thought: It's a defense mechanism to attempt to do one of three things: + +1. Help combat against a Cohen takeover +2. Collect profits on their way out because they know a short squeeze is imminent +3. They truly want to use it as they said + +My issue with 3 and what they said when asked by William Reuter, is that they have significantly improved the balance sheet and COVID-19 vaccinations have begun, not to mention they are intending on shifting focus on e-commerce, so it just struck me as a very odd reasons for a shelf offer. + +Nonetheless, during this call the share price absolutely plummets, but why? We received a lot of good news and two pieces of "bad news". One was expected (revenue loss) and one was addressed during the call (shelf offering). There was no intent on share dilution at least not anytime soon. + +My thoughts: Only thing I can think is PR putting a negative spin, but more-so it was the bears using the negative PR to their advantage to drive the price down. $14 was the floor by the end of AH. + +**Post Earnings (12/9):** + +A war rages over $14 keeping it nearly level the entire day. + +My thoughts: Bears expected much lower yet the bulls fought hard. On a bleeding red day where bulls clearly had the disadvantaged portfolios, they were able to support and actually start a small uptrend. + +\#WeWantCohen starts trending and Ryan Cohen puts out a [cryptic Tweet](https://twitter.com/ryancohen/status/1336775515101949963). + +My thoughts: He is completely dissatisfied with management and their ability to address his concerns outline in the letter. After ER the PR that went out and thoughts on the future of the company could have been beautiful if addressed and pitched correctly. Management did not provide comfort in the eyes of anyone and the stock price reflects that as does the PR. + +**What's Next?** + +The moment you've all been waiting for. Let's gather some facts. + +1. Individuals own 9.87% +2. Cohen (RC) owns 9.98% +3. Michael Burry ( Scion) owns 2.44% +4. GameStop Market Cap $890.11 Million +5. Cohen net worth $600 Million + +Cohen could either purchase enough shares to have majority vote or he can outright make an offer to buy the company. So why hasn't he? + +There are two current possibilities: + +1. He conducts a hostile takeover. +2. He has no plans to conduct a hostile takeover. + +Reason 1 probable timing and outcome: If you were about to make a large purchase, wouldn't you want to get it at the best price possible? He's waiting until he feels like we are actually at the floor before making a move. Truthfully, all he has to do is speak. If he even mentions an intent of acquisition the shorts will run and the bulls will pile in triggering the squeeze. **Bulls win** + +Reason 2 is interesting because why would he own 10% of a company where he clearly doesn't believe in current management? So, if a hostile takeover isn't the reason, then what is? + +I can think of two possibilities: + +1. There is already something happening behind the scenes to peacefully put Cohen into a position of power. **Bulls win** +2. He thought being 10% owner would give him a large enough voice to be convincing, when he realized the board does not share his vision, he pulls out. **Bears win** + +Now, this is interesting. + +Reason 1 seems highly unlikely to me simply due to his tweet today. If there were plans for a peaceful transition of power, I don't think he would add fuel to the fire of bad PR clearly doubting managements skills. + +Reason 2 is juicy. Between RC, Scion and Individual investors who all want to see Cohen at the helm, that accounts for 22.29% of the company. If RC pulls out, the rest follow, no bulls left to fight the bears, the institutions pull out and GME becomes a penny stock. + +My overall prediction is the **bulls win.** The reason being, I can chart one path to victory for the bears but many paths to victory for the bulls. Also, I do not think we will need to wait until Q4ER to see the squeeze. From each scenario I could think of, Cohen would act sooner rather than later if he intends on purchasing or accumulating enough shares for proxy in order to get the best price possible. + +Notice how nothing I said has to do with the future of the business or the business model as a whole? That's because that doesn't matter. Q4 earnings will boost the price high enough for bulls to profit a little and then get out if they don't believe in the company. The overall longevity of the company is a completely different debate. + +Feel free to counter-point in the comments. + +**TLDR:** You should read. + +**EDIT:** The title says delisted but perhaps should say “drops to $0” +G’day. I seen a few folks post about how they are never selling because they won’t have to. Why? I know…the moon. But do I have to sell my 🚀 to fund my moon base? Or is there a way to get filthy rich and HODL. GME wallet? Idk. I’m an idiot trying not to miss a bit of gravy. +I keep seeing posts about MACD crossovers and elliot waves and bollinger bands and what have you. + +&nbsp; + +Guys, the universal law of supply and demand aren't even in effect on GME. + +&nbsp; + +They are manipulating this stock so much that they get to control the price. When 47% of all orders get routed through them, they get to control the price. A historical trend of two moving averages crossing over isn't going to change that. Looking into your TA crystal ball isn't going to work for GME and will just set you up for disappointment. + +&nbsp; + +Just buy, hodl, and wait. And look out for actual news and events that might change the course of this saga. +[SPCE](Virgin Galactic gets the green light from the FAA to fly passengers tohttps://www.cnbc.com/2021/06/25/virgin-galactic-receives-faa-license-to-fly-passengers-to-space.html) + +Currently holding for the long game! To the moon! +Hey Aus Finance + +Thought you guys would be the best on this advice situation. + +Currently renting in Melbourne 1 bedder $330pw on month month lease now. + +With summer and WFH - I have no air-con and it's suddenly become important to me. I wan to hit up my landlord to install one which is fine. But i've also noticed 2 other exact same apartments in my building have recently rented at $300pw. + +My issue is I want to stay month to month for flexibility - am I pushing it too much to ask for air-con and rent reduction? I'm concerned (and maybe rightly so) that the landlord would want me to commit to a new 12 month lease which i'm not keen on. Was thinking of asking for a temp. 3months reduction and review in 3mths based on current market? + +anyone had any luck or experience in similar situations? Or am I dreaming?? + +For reference I'm in inner north in Melbourne & newer places closer to city etc. are currently sitting empty for what i'm paying now - i've got a few examples to show them etc. +So 30$ is said to trigger the squeeze... My guess for the point of no return for hedgies is 1k... and we'll reach that before EOW. ;) + +Prediction for next week: + +In general: + +\- Massive Crypto P&D for cash ( ETH/BTC already went up significantly the last days) + +\- broad market bull run to push up collateral + +\- GME Massive P&D to scare the casual FOMO-Buyers away. + +&#x200B; + +GME: + +\- Monday sharp drop until markets are high enough + +\- then GME straight up + +\- small fight at 30$, then run to 35$ -> 40$ + +\- FOMO kicks in an gets internalized + +\- massive crash back to 25$ to trigger stop losses and keep the FOMO crowd away from real MOASS in the next days. + +&#x200B; + +Tuesday: + +\- NFT Marketplace goes live + +\- Huge partnerships announced + +\- massive buy-ins from institutions + +\- up 200% over the day. + +&#x200B; + +Wednesday: + +\- Marge calls + +\- MOASS begins + +\- Markets and Crypto in free fall + +&#x200B; + +&#x200B; + +Maybe just this but stretched over a slightly bigger timeframe (until after mid terms). + +&#x200B; + +If it plays out like this, I'm gonna lick my flux capacitor 741 times. + +&#x200B; + +Edit 1: + +In case this gets some traction: + +Obligatory BUY, HOLD, DRS and comment the SEC rules you lazy fuck. +Yes, I mean you! Just do it! ;) +**Pretty much done, folks, although I'll check back occasionally. Thanks again for the interest. We hope to see your "I made it!" posts appearing in this sub very soon.** + + +First off, thanks for the interest. My wife and I are passionate about FI/ER and hope somebody will find this AMA helpful. Although our approach is conventional, the conventions exist because they flat-out *work.* + +I apologize for the wall of text, here, but for a while now I've been meaning to write down the specifics of our FI/ER plan as a review exercise. It might be presumptuous of me, but this AMA seems like a good excuse to do it. So here’s our take on seven of the major elements in our plan: mindset, debt management, mortgages, investing, landlording, LBYM, and what to do after making it. Take what you find useful; disregard the rest. I realize some of it’s redundant to what the group already knows. And again, apologies for the length. + +**Our background** + +We FI/ER'd 9.5 years ago, at 36, after 12.5-year corporate careers, on ~$1.2 million in investments plus the value of our house, cars, and daughter’s 529 ($40K at the time.) Our current net assets are ~$2.2 million, including house, cars, and 529 (now ~$61K.) [Verification of investments from our Morgan Stanley account.](http://imgur.com/roL7JeD) We’ve withdrawn ~$500K since ER. + +Edit: I've said elsewhere in this sub that I dislike 529s because in our experience they're substandard investments both for their returns and the lack of control over your money they give you. But /u/bpg609 has done some good work on my head on this subject, and I'd like to say that after studying market-wide returns and the proliferation of better vehicle options since I first opened my daughter's 529, I'VE BEEN WRONG about this. 529's are better than I thought. Mistake made; thinking adjusted. + +We live on $48K a year, own our house outright, don't incur federal income tax liability, and don't owe social security. $48K started at ~4% of our portfolio and is now ~2.7%; roughly the same as an $80K salary, skimmed 20% for taxes, and decreased by a $1.5K/month mortgage payment. ~40% of that $48K comes from dividends/interest. We've haven't adjusted that $48K for inflation since we ER'd. Haven't felt the need to. + +We're NOT debt-free just now, but I'd argue that what we're doing is more like a temporary liquidity swap. Explanation to follow. + +Getting here was hard but we got some lucky breaks. That luck wasn't exclusive to us, though. Others can engineer it. + +First, we were lucky to live in a major city with a high cost of living where we earned salaries that were good compared to cheaper places but more like middle-class in ours. At the peak of our income mine was $150K-ish with a decent bonus; my wife's was $65K. We also bought, rented, and condo-converted a three-apartment building. + +Second, we were lucky to learn frugality early on. My grandparents as kids damn near starved to death in the Great Depression. They knew how to get by on nothing and they handed that knowledge down. + +Frugality enabled us to bank a bunch of our income. And when we'd we'd made the nut, we split for a cheaper region. The appreciation on the real estate we sold in Metropolis paid entirely for the house we bought in Podunk. Geographic arbitrage is a beautiful thing. + +And third, I think we were INCREDIBLY lucky to be conceiving our FI/ER plans in the mid-nineties just as laptops and spreadsheets were becoming widespread and FI/ER methodology was proliferating across the internet. That made it easier for us to learn strategies and tactics, collect data, come up with plans, test them, adjust them, and build contingencies around them. Otherwise we'd have been dancing in the dark. People just now entering this lifestyle may not realize what a colossal advantage technology has given them. + +Unfortunately I have to split this into several pieces to conform with Reddit's post length requirements. I linked them together into a sort of ToC. + +* [Mindset](http://www.reddit.com/r/financialindependence/comments/2sf7q4/fier_10_years_ago_at_36ama/cnovdpf) +* [Debt management](http://www.reddit.com/r/financialindependence/comments/2sf7q4/fier_10_years_ago_at_36ama/cnove2o) +* [Mortgages](http://www.reddit.com/r/financialindependence/comments/2sf7q4/fier_10_years_ago_at_36ama/cnovec7) +* [Investing](http://www.reddit.com/r/financialindependence/comments/2sf7q4/fier_10_years_ago_at_36ama/cnoveqv) +* [Landlording](http://www.reddit.com/r/financialindependence/comments/2sf7q4/fier_10_years_ago_at_36ama/cnovfb9) +* [LBYM](http://www.reddit.com/r/financialindependence/comments/2sf7q4/fier_10_years_ago_at_36ama/cnovfpl) +* [After FI/ER](http://www.reddit.com/r/financialindependence/comments/2sf7q4/fier_10_years_ago_at_36ama/cnovg48) + +Questions? Again, thanks for the interest and apologies for the wall of text. + +**TL;DR: you can FI/ER if you'll keep certain principles in mind and act on them. This is our take on what those principles are.** + +Edits: assembling that ToC. + +Edit Edit: am I the only one here who swears? Sorry, I'll try to tone it down. +Let's say I got some really great strategies. High and stable return with low volatility, very small correlation to market. + +If I stick with this strategy and this continuously works well, I'll be very rich, maybe.. after 10-20 years? Although yearly return is awesome, I'm not trading tens or hundreds of MM. The return can buy me toys or cars. But it won't be big enough to change my life. + +So I want to maximize my profit from this strategy. First I can think of Quantopian but return seems to be quite small (only tens of grants at best, is it?) it's smaller than return from my own money trading. Also my strategy can get stolen or leaked. + +To start a hedgefund, I'm totally no name with no background in finance industry. Although back-tested performance is excellent, length of actual trading isn't that long. No one will fund me. Actually I know no one in finance industry to ask. + +Any other service similar to Quantopian but provides better chance? or any other options? +I want to save time ideally because I’m a total noob and suck at focusing on coding. I know this is bullshit excuse but is there any good tutorials for coding that’s algo trading related? + +If not it would be dope if someone on here could make something that teaches the essentials +For all of you geniuses out there who have made a successful model, did you webscrape for text information from news articles to add as features? If so, what module/program did you use? + +Its easy enough to grab last night's headlines, but to make a model I'd imagine you'd need years of historical news article data. +I have algorithmatized my strat, backtested, walk forward tested a couple different ways and monte carloed everything at every stage and it all says I’m going to make money. I have live traded it on a sim and it seems to be performing within expectations (albeit only a week so far) I even ran it live a bit while staring at it, seems to work. + +For anybody who has turned one loose, what was your final test or exercise you did that made you feel confident enough to let it work unattended? I feel like I could be missing something…. +I have a work permit and a green card through marriage. I have a stable job here in the US and no US-based debt other than a mortgage with my wife. + +I have $60,000 CAN in consumer debt and I've just been paying interest on it for a few years while we were figuring out our living situation (selling my house in Canada, traveling to the US with all I own without being turned away at the border, finding an apartment complex to live at while we build a paperwork trail and some credit, getting a mortgage for a new home, settling debt that blocked our loan, lawyer fees for the green card, furnishing the house, adopting a few kids and becoming foster parents, etc). + +Now that all that is taken care of and we have no debt here and I'm never going back to Canada on a permanent basis because of our kids aside from visiting family, what would be the downside to declaring bankrupcy in Canada? Does that status follow me in the US in any meaningful way, like US credit score or green card status? + +Thanks! +I'm in agreement on this one. Thoughts? + +http://rentalhousingjournal.com/articles/2018/05/09/landlords-sue-seattle-over-criminal-background-check-restrictions +In the beginning stages of learning about REI, hoping to purchase my first property within the next year. But one thing that's bugging me that I can't shake, is wondering why investors sell properties. + +My thinking is that if it was a good enough investment deal, the original owner would keep it for the cash flow. So something has to be amiss, be it impending repairs or maybe projected property value loss etc. + +Any advice/insight? +In the beginning stages of learning about REI, hoping to purchase my first property within the next year. But one thing that's bugging me that I can't shake, is wondering why investors sell properties. + +My thinking is that if it was a good enough investment deal, the original owner would keep it for the cash flow. So something has to be amiss, be it impending repairs or maybe projected property value loss etc. + +Any advice/insight? +[TOP 100 U.S. HOUSING MARKETS FOR OVER/UNDERPRICING](https://business.fau.edu/executive-education/housing-market-ranking/housing-top-100/) + +Researchers from Florida Atlantic university look at current premiums above long term trends to identify which markets are overpriced / underpriced. + +Boise is #1 overpriced market in the nation. + +Homes are selling for a discount in only four of the 100 markets: Honolulu, Hawaii; Virginia Beach, Virginia; Baltimore; and New York. + +[IN BOOMING MARKETS, HOMEBUYERS PAYING ABOVE LONG-TERM PRICING TRENDS](https://www.fau.edu/newsdesk/articles/overpriced-housing-markets.php) +I would like to hear from other investors about their story for their first investment property. What age were you? How much did you invest? What mistakes did you make? What lessons did you learn? +[Tron Accelerator](https://tronaccelerator.io/) is (allegedly) a $1m contest for TRX dapp developers. Being someone who has been highly active in all blockchain dapp scenes, I have been watching this unfold. I figured I'd post it here so you guys can help put the pieces together. + +Basically, tons of supposed USDT prizes for people to win by developing on TRX. This is the main reason why some eth devs decided to port games to TRX - Not because they are "jumping ship" like the shillers want you to believe (In fact many of them who I know personally still plan to continue developing on Eth). They just wanted a piece of the contest prizes and its pretty easy to put an eth dapp onto tron. + +Anyways, yesterday was supposed to be when they decide winners. The results werent announced and people started to get anxious. Finally today they said that they emailed all the winners. Inside the email included the following: + +>Due to the unexpectedly high volume of competitive projects, we have made some adjustments to the prize structure, one of them is to award over 100+ projects instead of 56 projects. More details to be announced soon. Please stay tuned:) + +Apparently they decided to change the prize payouts, dropping the lowest prize to $1k instead of $5k. Many people were upset about this in the official tron dev discord feeling they had been mislead. Some even seem to think there is something deeper going on. For example, one Super Representative candidate posts: + +>Nobody even knows that they'll pay out the full 1,000,000 I can guarantee they won't. They didn't pay out the full amount last competition They're not cutting prize amounts because so many people supposedly entered, they're cutting them because they won't pay the full amount. 100 winners is not better than 57 when the majority of those winners took 30 minutes to reskin an existing smart contract on the network You can make all the excuses you want, or try to see the good in it but you're only lying to yourself When we got $75k shaved off our prize, we weren't happy because 100 winners were better than 57. They didn't even pick winners for some of the prizes. + +&#x200B; + +There were some people who said they received the email and won $1k, but interestingly nobody was coming out in the public saying they won a large prize. After some sleuthing, we found this [instagram post](https://www.instagram.com/p/BsgCyyGAHv-/) of apparently some random person associated with "STOken Studio" who appears to have won the $200k prize. Dont bother trying to google it, nothing will come up. All we were able to find about this mysterious project was this [embarassingly empty github](https://github.com/chews/stoken) with only 3 commits \[edit: it has been deleted or made private 1 day after making this post\], and this [https://stokenstudio.firebaseapp.com/](https://stokenstudio.firebaseapp.com/) . The [smart contract code](https://github.com/chews/stoken/blob/master/contractAgent/chalicelib/STOken.sol) is nonexistent and if the website is even doing anything, it appears to be on shasta testnet. Upon analysis, one of the SR candidates from the discord jokes that this "dapp" is just a microsoft word plugin. + +Additionally in the FAQs on tron accel website it clearly says entrants must be on mainnet: + +>Can I develop a DApp that does not use smart contracts, but does use TRX? +> +>Yes, you can. It is OK for you to not use TVM, but you have to be on the Mainnet. + +Grand prize aside, some other funny stuff: One dev decided to clone "Shrimp Farm" from eth to tron just as an experiment. It surprisingly got a ton of volume despite being a simple ponzi game. This led to a huge amount of clones onto tron, including Tron Anthills, Crocs, and many others. Surprisingly, although Tron Shrimp clearly had the most volume, users, and txns, it did not win a prize. BUT ONE OF THE CLONES OF THIS CLONE DID! The Anthills developer "diego" posted to his community that he was one of the winners! + +**To summarize, so far:** + +* They changed the prizes *after* the contest ended +* They allowed clones to win but not the original clone onto TRX +* They allowed contestants to win who didnt meet the criteria (being on mainnet) +* They allowed projects that arent open source to win +* The Grand Winner is a mysterious project with barely any info available +* They havent posted a public list of the winners +* Some blatant ponzi games have won prizes + +If you want to watch this all unfold live, you can find the Tron dev discord [here](https://np.reddit.com/r/Tronix/comments/a254am/in_1_months_time_the_tron_discord_channel_has/) and go to the #tronaccelerator channel. Tons of FUD currently, bring popcorn. It will be interesting to see if they ever post a public list of the winners or if they just delay it in hopes that people eventually stop talking about it + +**Update**:One of the official Judges (Vincent, Dapp.review) has appeared in the discord. Some of his comments: + +>I think they did a screening before sending to judges. I didn’t see all submitted dapps +> +>The list we got is less than 40 dapps, I think it’s for big prize📷 +> +>No I don’t have the final results + +Paradoxically, this was the email that some developers received from Tron Accelerator: + +>Dear TRON Developers, This email is to notify you that, up to this point, TRON Accelerator final prizes have been announced through emails already, we would like to thank you for your hard work and enthusiasm in developing your dApps for the past 5 weeks! Due to the unexpectedly high volume of competitive projects, we have made some adjustments to the prize structure, one of them is to award over 100+ projects instead of 56 projects. More details to be announced soon. Please stay tuned:) Thanks again, + +Adding to the list: + +* There was a "screening" before the dapps were being even given to the judges (by who? based on what?) +* One of the judges himself does not have the final results yet the email claims that all prizes were announced through emails +[Reposting this with less hype, sorry!] + +Hey everyone, I saw someone made an iOS app for paper trading a few weeks ago, I thought I'd let folks know about the paper trading web-app I've been making during COVID, https://www.valueMachine.io + +You can buy/short stocks and trade options with real-time prices. Since it's not real money, there's a feed of what everyone else is trading on the home page so you can see what other folks are trying. + +If you run into any problems _please_ message me and let me know about it, that's a huge help to me. If you have any ideas for stuff you'd like to see, that would be cool too! + +There's no monetization. I've spent over $5000 getting the financial data, server fees, etc. to make this site work. There's no premium option, no affiliate marketing, I'm just losing money because I wanted to build something cool. +Who is any good at daytrading is not going to tell you how it is done. In fact they will have experienced what it takes to achieve that ability and will have a contempt for freeloaders who expect an easy life with no effort. +Over the past year, the prevailing thought among many in the cryptocurrency communities is that bitcoin is not keeping up with other coins. That somehow bitcoin was being intentionally crippled, or that the developers did not know what they were doing. As we are seeing with the bitcoin dominance going up, that prevailing thought was wrong. The coins who were supposedly going to kill bitcoin have been all but abandoned in many cases. Many others are in the process of dying a slow death (which may take years to fully play out). + +To everyone who went heavy on these coins and sold all of their bitcoin, but are now coming back: Welcome back. We are glad to have you. But before you pretend like everything is great with bitcoin again, it's important to realize _why_ you were wrong. + +But first let's go back a few years. In 2015, I was a staunch big blocker. I want to share a post made during this time that I initially downvoted. (The reason I know this is because after a certain number of months/years, reddit does not let you change whether you upvoted/downvoted something). I downvoted it because it went against my biases which had already been built up around the scaling decision, and later I came back to this post after being referred to it again. The 2015 version of me had only been in Bitcoin for 2 years, and was disillusioned with what I thought bitcoin was. And not what it actually was, or what its limitations were. The 2018 me now realizes why I was wrong, but back then I spent far too much time thinking I had it all figured out. The post that I downvoted, is as relevant today as it ever was: + +**A trip to the moon requires a rocket with multiple stages or otherwise the rocket equation will eat your lunch... packing everyone in clown-car style into a trebuchet and hoping for success is right out.** + +> A lot of people on Reddit think of Bitcoin primarily as a competitor to card payment networks. I think this is more than a little odd-- Bitcoin is a digital currency. Visa and the US dollar are not usually considered competitors, Mastercard and gold coins are not usually considered competitors. Bitcoin isn't a front end for something that provides credit, etc. + +>Never the less, some are mostly interested in Bitcoin for payments (not a new phenomenon)-- and are not so concerned about what are, in my view, Bitcoin's primary distinguishing values-- monetary sovereignty, censorship resistance, trust cost minimization, international accessibility/borderless operation, etc. (Or other areas we need to improve, like personal and commercial privacy) Instead some are very concerned about Bitcoin's competitive properties compared to legacy payment networks. ... And although consumer payments are only one small part of whole global space of money, ... money gains value from network effects, and so I would want all the "payments only" fans to love Bitcoin too, even if I didn't care about payments. + +>But what does it mean to be seriously competitive in that space? The existing payments solutions have huge deployed infrastructure and merchant adoption-- lets ignore that. What about capacity? Combined the major card networks are now doing something on the other of 5000 transactions per second on a year round average; and likely something on the order of 120,000 transactions per second on peak days. + +>The decentralized Bitcoin blockchain is globally shared broadcast medium-- probably the most insanely inefficient mode of communication ever devised by man. Yet, considering that, it has some impressive capacity. But relative to highly efficient non-decentralized networks, not so much. The issue is that in the basic Bitcoin system every node takes on the whole load of the system, that is how it achieves its monetary sovereignty, censorship resistance, trust cost minimization, etc. Adding nodes increases costs, but not capacity. Even the most reckless hopeful blocksize growth numbers don't come anywhere close to matching those TPS figures. And even if they did, card processing rates are rapidly increasing, especially as the developing world is brought into them-- a few more years of growth would have their traffic levels vastly beyond the Bitcoin figures again. + +>No amount of spin, inaccurately comparing a global broadcast consensus system to loading a webpage changes any of this. + +>So-- Does that mean that Bitcoin can't be a big winner as a payments technology? No. But to reach the kind of capacity required to serve the payments needs of the world we must work more intelligently. + +>From its very beginning Bitcoin was design to incorporate layers in secure ways through its smart contracting capability (What, do you think that was just put there so people could wax-philosophic about meaningless "DAOs"?). In effect we will use the Bitcoin system as a highly accessible and perfectly trustworthy robotic judge and conduct most of our business outside of the court room-- but transact in such a way that if something goes wrong we have all the evidence and established agreements so we can be confident that the robotic court will make it right. (Geek sidebar: If this seems impossible, go read this old post on transaction cut-through) + +>This is possible precisely because of the core properties of Bitcoin. A censorable or reversible base system is not very suitable to build powerful upper layer transaction processing on top of... and if the underlying asset isn't sound, there is little point in transacting with it at all. + +>The science around Bitcoin is new and we don't know exactly where the breaking points are-- I hope we never discover them for sure-- we do know that at the current load levels the decentralization of the system has not improved as the users base has grown (and appear to have reduced substantially: even businesses are largely relying on third party processing for all their transactions; something we didn't expect early on). + +>There are many ways of layering Bitcoin, with varying levels of security, ease of implementation, capacity, etc. Ranging from the strongest-- bidirectional payment channels (often discussed as the 'lightning' system), which provide nearly equal security and anti-censorship while also adding instantaneous payments and improved privacy-- to the simplest, using centralized payment processors, which I believe are (in spite of my reflexive distaste for all things centralized) a perfectly reasonable thing to do for low value transactions, and can be highly cost efficient. Many of these approaches are competing with each other, and from that we gain a vibrant ecosystem with the strongest features. + +>Growing by layers is the gold standard for technological innovation. It's how we build our understanding of mathematics and the physical sciences, it's how we build our communications protocols and networks... Not to mention payment networks. Thus far a multi-staged approach has been an integral part of the design of rockets which have, from time to time, brought mankind to the moon. + +>Bitcoin does many unprecedented things, but this doesn't release it from physical reality or from the existence of engineering trade-offs. It is not acceptable, in the mad dash to fulfill a particular application set, to turn our backs on the fundamentals that make the Bitcoin currency valuable to begin with-- especially not when established forms in engineering already tell us the path to have our cake and eat it too-- harmoniously satisfying all the demands. + +>Before and beyond the layers, there are other things being done to improve capacity-- e.g. Bitcoin Core's capacity plan from December (see also: the FAQ) proposes some new improvements and inventions to nearly double the system's capacity while offsetting many of the costs and risks, in a fully backwards compatible way. ... but, at least for those who are focused on payments, no amount of simple changes really makes a difference; not in the way layered engineering does. + +by /u/nullc (Mr. Gregory Maxwell) submitted to [the bitcoin subreddit](https://np.reddit.com/r/Bitcoin/comments/438hx0/a_trip_to_the_moon_requires_a_rocket_with/) + + +If you're made it this far and want to read more, or perhaps from a different perspective, here is another article which influenced me more recently by [Melik Manukyan](https://medium.com/@melik_87377/lightning-network-enables-unicast-transactions-in-bitcoin-lightning-is-bitcoins-tcp-ip-stack-8ec1d42c14f5) + +**Lightning Network enables Unicast Transactions in Bitcoin. Lightning is Bitcoin’s TCP/IP stack.** + +>It has recently come to my attention that there is a great deal of confusion revolving around the Lightning Network within the Bitcoin and Bitcoin Cash communities, and to an extent, the greater cryptocurrency ecosystem. I’d like to share with you my thoughts on Bitcoin, Blockchain, and Lightning from a strictly networking background. + +>To better understand how blockchain and the lightning network work, we should take a step back from the rage-infused battlegrounds of Twitter and Reddit (no good comes from this 😛) and review the very network protocols and systems that power our Internet. I believe that there is a great wealth of knowledge to be gained in understanding how computer networks and the Internet work that can be applied to Bitcoin’s own scaling constraints. The three protocols I will be primarily focusing on in this article are Ethernet, IP, and TCP. By understanding how these protocols work, I feel that we will all be better equipped to answer the great ‘scaling’ question for Bitcoin and all blockchains alike. With that said, let’s get started. + +>In computer networking, the two most common forms of data transmission today are broadcast and unicast. There are many other forms such as anycast and multicast, but we won’t touch up on them in this article. Let’s first start by defining and understanding these data transmission forms. + +>Broadcast — a data transmission type where information is sent from one point on a network to all other points; one-to-all. + +>Diagram: Broadcast Data Transmission https://cdn-images-1.medium.com/max/800/1*xbgXKepaeHZRqmHWsCb_qw.png + +>Unicast — a data transmission type where information is sent from one point on a network to another point; one-to-one. + +>Diagram: Unicast Data Transmission https://cdn-images-1.medium.com/max/800/1*i18TOm6hT_h7UQ8cnt8U_Q.png + +>Based on our understanding of these types of data transmission forms, we very quickly discover that blockchain transactions resemble Broadcast-like forms of communication. When a transaction is made on the Bitcoin network, the transaction is communicated or broadcasted to all connected nodes on the network. In other words, for a transaction to exist or happen in Bitcoin, all nodes must receive and record this transaction. Transactions on blockchains work very similarly to how legacy, ethernet hubs handled data transmissions. + +>A long time ago, we relied on ethernet hubs to transfer data between computers. Evidently, we discovered that they simply did not scale due to their limited nature. Old ethernet hubs strictly supported broadcast transmissions, data that would come in through one interface or port would need to be broadcasted and replicated out through all other interfaces or ports on the network. To help you visualize this, if you wanted to send me a 1MB image file over a network with 100 participants, that 1MB image file would, in turn, need to be replicated 99 times and broadcasted out to all other users on the network. + +>In Bitcoin, we see very similar behavior, data (a transaction or block) that comes from one node is broadcasted and replicated to all other nodes on the network. Blockchains similarly to old, legacy ethernet hubs are simply poor mediums to perform data transmission and communicate over. It is simply unrealistic to me as a network engineer to even consider scaling a global payment network such as Bitcoin via Broadcast-based on-chain transactions. Even to this very day, us network engineers take great care and caution in spanning our Ethernet and LAN networks, let alone on a global level. + +>To put it into perspective, if we were to redesign the Internet by strictly relying on broadcast data transmissions as exhibited in blockchains and ethernet hubs — we would have effectively put every single person, host, and device in the entire world on the same LAN segment or broadcast domain. The Internet would have been a giant, flat LAN network where all communication would need to be replicated and broadcasted to every single device. In you opening up to read this article, every other device on the Internet would have been forced to download this article. In other words, the internet would come to a screeching halt. + +>In computer networks, the most frequent form of communication relies on unicast data transmissions, or point-to-point. Most of the communication on the internet is routed from one computer to another, we no longer need to rely on blind broadcast transmissions of data with the hopes that our recipient will receive it or see it. We are able to accurately send, route and deliver our messages to our receiving party(ies). We learned that the transfer of a 1MB image file in a broadcast network would require the file to be replicated and broadcasted to every participant on that network. Instead, in a network that supports unicast data transmissions, we are able to appropriately route that image file from source to destination in a clearcut manner. + +>To me, the Lightning Network is the IP layer of Bitcoin. (I understand that these data transmission forms exist in both Ethernet and IP.) But, I do feel that these analogies help us to better understand these complex and largely abstract ideas: blockchain, lightning, channels, etc. + +>Let’s take a moment and ignore all explanations and overly simplistic definitions of Lightning that are perpetuated from both sides of the debate for a moment. Instead, lets objectively take a close look at Lightning and determine what we know. What do we know about lightning? It allows us to lock our Bitcoin and form channels with others. What else do we know? We can bidirectionally send and receive transactions between the two points that constitute the channel. What else do we know? We can further route transactions to their correct destination. + +>Based on these key understanding points, we are able to see that lightning enables unicast transactions in a system [Bitcoin] that previously only supported broadcast transactions. To me, Lightning nodes in Bitcoin are the equivalent of IP hosts — where we can finally conduct or route one-to-one or point-to-point transactions to their appropriate recipients. In traditional IP, we send and receive data packets; in Lightning, we send and receive Bitcoin. IP is what allowed us to scale our small and largely primitive networks of the past into the global giant that it is today, the Internet. In a similar manner, Lightning is what will allow us to scale our global Bitcoin network. + +>Where Lightning Nodes can be seen as IP hosts, I view Lightning Channels as established TCP connections. On the Internet today, when we try to connect to a website for example, we open a TCP connection to a web server through which we can then download the website’s HTML source code from. Alternatively, when we download a torrent file, we are opening TCP connections to other computers on the Internet which we then use to facilitate the transfer of the torrent data. + +>And in Lightning, we establish channels with our respective parties and are able to directly [point-to-point] send and receive data (transactions) similarly to TCP. Where Blockchain is similar to Ethernet, Lightning Nodes are our IPs and Lightning Channels our TCP connections. + +>To conclude, I see many similarities to our pre-existing network technologies and protocols that power our computer network(s) and I feel that we are redesigning the Internet. From a technical point of view, I don’t believe that scaling Bitcoin on-chain will ever work and fear broadcast storm-like events in the future. I welcome our new unicast transaction methods enabled by the Lightning Network. Even more so, I am excited for the ‘web’ moment in Bitcoin. + +>While everyone has their eyes fixed on blockchain technology, I look towards Lightning. Lightning is the TCP/IP stack of Bitcoin. Lightning is where we will transact on. Lightning is where everything will be built on. Lightning is what will power and enable our applications and additional protocols and layers. With this said, what is to become of the main Bitcoin blockchain? It will and should remain a decentralized, tamper-proof, immutable base or foundation layer which will provide us with cryptographic evidence of what is a Bitcoin. + +>Some individuals and groups within our communities and ranks spread fear and warn us of false narratives of “lightning hubs”, but fail to grasp that their scaling approach of on-chain transactions only pushes us in the direction of an actual (ethernet) hub design. If Bitcoin loses decentralization on its base layer, then we will lose Bitcoin. The past 9 years of work will have only resulted in a large, centralized broadcast hub with only a few remaining with the ability to operate such a monstrosity. + +>I wrote this article with hopes that it will help clear up the ongoing confusion about Bitcoin, Blockchain, and Lightning. It is designed to help better explain Blockchain and Lightning through analogies to concepts that we may be more familiar with. I also wrote this very quickly and it may contain typos. If you notice any typos, please bring it to my attention. +I'm curious what coin you have the most faith in, I'm looking to invest a little bit in a low-cap coin, I'm going to use Binance so it's good if I can buy it there. It's an advantage if it's a trusted coin and not a possible scam coin. I'm curious about which one I can confidently invest in from your opinions? +I started a job recently and I signed for a salary of 23,500. I just received my first payslip today and on it the gross salary came as 1780. This is where I have to apologise if this is a stupid question but I’m a bit unsure. 1780x12=21360 which is a bit short of the amount I signed to. Is there an obvious reason for this or has a mistake been made? +Rule lifted for one day for this thread. Go for it. + +Also, please vote. You don’t need your polling card to vote. Your vote isn’t “wasted”. You can and will make an impact. + +Not sure who is standing in your constituency? Check here: https://www.bbc.co.uk/news/election-2019-50459517 + +Please note, all other rules apply, **especially** the Be Nice and No Judgement rules. +I’ve just turned 24, I currently work part time as a customer advisor for Lloyds Bank (been here since April 2017). +I graduated with a 2:2 (very disappointed in myself) in Accounting and Finance from a Russell Group University in 2016. + +I really struggled with mental health issues after finishing uni which really set me back, now that I’m getting out of that hole I feel anxious and disappointed that I’ve wasted so much time. + +I’ve started studying for my CFAB qualification with the ICAEW recently and am looking to complete this by the summer of this year. I was hoping this would help me with job applications as I would like an ACA training contract with a firm. + +My current situation: + +Salary: £1100 net working 20 hour weeks (spend the rest of my time studying) + +Savings: £1600 in H2B ISA (£200 a month) + +Debt: +£800 credit card debt with Santander (0%) +£1325 credit card debt with Barclays + +Expenses: +£100 to parents (living at home and they are happy with this) +£100 fuel +£75 car insurance +£14 road tax +£11 gym +£20 mobile phone + + +I just feel like I’m not where I should be in life. I feel like all my friends from uni are ahead of me. It’s something I think about every day. I’ve applied to many other jobs in accounting and finance sectors but can’t manage to pass the interview stages due to lack of experience or low grades at uni. I feel stuck. Any advice in terms of finances/careers would be really helpful. Thanks in advance. + + +EDIT: + +This is my first ever post on Reddit and the amount of support I’ve received is overwhelming. It’s a nice feeling to know I’m not alone in this situation and there’s light at the end of the tunnel. Thank you all so much, I really really appreciate it. +Im a casual redditor. I lurk and I post. And this time Im going to reddit to ask for help. I dont exactly know where to post this but. . here it goes. Maybe a few people will see this. + +So for the past few months my mom and her second husband have been at each others throats with divorce and the constant threats and Court battles with my little 8yr old sister in their crossfire. Ive grown throughout most of my life justifying my mothers verbal abuse as "motivation" and as "the best for me" when Id be critizised for every little thing I did wrong or brought back home a 'B' being told how much of a failure I am and compared to themselves and hiw they did in school bringing back nothig but straight 'A's. Now that I look back on it, I was just the spitting image of the man she fucked for funsies in her 20's to end up with a kid she probably blames me for ruining her life never living up to her expectations and always being compared to everyone else who was better than me. Even when I decided not to join the military right before graduation after she dragged us to counselors office trying to knock some "sense" into me crying her eyes out and me finally giving in, it still wasnt enough. They say youre your own worst enemy but I can firmly say, she was. I know most of you will assume that this all cant be true because being a teenager the stereotype that we must rebel against our parents in this manner exists but thats bullshit. I went through a mental breakdown in my freahman year of college with the stress of this divorce and school and work losing my cognitive function to speak for a weak in the hospital given a boatload of pills ever since for depression, bipolarity, anxiety, eatig disorder, you name it. (P.S. fuck those people who romanticize depression.) + +Basically, I hate this woman. She cares more about a man that she started dating a week after she kicked out her second husband that live in Tijuana, visiting him every weekend to go see him while I took care of my sister, while the woman who shouldnt even be allowed to be called a "mother" got pissy and drunk with this man going to clubs and parties posting pictures of her on Facebook toting pistols on horses. And somehow shes the one that came into my room a couple minutes ago saying shes "Had enough." + +I didnt even fight back or say anything. I just listened to her telling me how shes leaving for a year or so and Ima have to start paying the rent, electricity, gas, internet, and everything else I own with my part time job at fucking subway. + +I just dont know what to do. All my dreams of transferring to UCLA and becoming a elementary school teacher and travelling to the olymoic games in Japan with the love of my life and buying a car and having fun and being young all came crashing down in my mind leaving nothing but black and Im scared of that idea of hopelessness I only ever read about in novels and survival in todays world alone with no family around to go to. + +I live in L.A. and I dont know what to start doing or where to even go. + +Please, please help me. + +Thank you and I love you. +Hi all. The swedish public TV has released two clips related to FIRE, which may be of interest to swedes and non-swedes alike on this subreddit. + +**The first clip** is an interview with a female "FIRE personality" in swedish: [https://www.svt.se/nyheter/inrikes/sa-sparar-unga-till-pension-innan-40](https://www.svt.se/nyheter/inrikes/sa-sparar-unga-till-pension-innan-40) + +... explaining the basics of FIRE, the 4% rule, some basic words about the general philosophy (increase savings rate and what it means) etc. A nice overview for people not already familiar with FIRE. + +**The second clip i**s an attempt to warn about the "dangers" of FIRE in order to keep the whole thing balanced -- and it is in english (except for the first few moments), so you can absolutely watch it and get ready for some facepalm-worthy moments: [https://www.svt.se/nyheter/inrikes/forskaren-ser-fem-risker-med-fire](https://www.svt.se/nyheter/inrikes/forskaren-ser-fem-risker-med-fire) + +Try for yourselves to counter the professors positions: + +1. Returns are not guaranteed +2. Missing out on important savings principles ("save for the long term", "you miss out on compounding interest", "make use of your human capital") +3. Cost of capital could rise (basically: taxes are unpredictable, note the fees of mutual funds). Make note of the laughable expense ratio that the professor uses as an example! +4. The plan requires good investments +5. It will be hard to get back into the labour market after a period of absence + +What I found disappointing in the rebuttal was that there was no mention of the details related to the "4% rule" and under what assumptions it could be valid, instead we only get those five lessons to keep in mind. + +A few words about the plan of the FIRE personality (who has her own finance blog here: [http://www.framtidsfeministen.se/](http://www.framtidsfeministen.se/)): The plan appears to assume a capital of 4 800 000 SEK (roughly $533 333), giving a monthly income of 16 000 SEK ($1 777.77). I find it a bit on the risky side since I don't think the 4% rule is stable in Sweden, actually due to item (3) in the rebuttal -- we will have capital gains taxes of one sort or another for the foreseeable future. On the other hand, we have occuptional pensions and government pensions that could be tapped later on in life. Personally, I use a SWR of 3% for this reason (and I also target a slightly more luxurious 20 000 SEK / $2 222 per month...). +My own personal strategy long term is to double my contribution during corrections or bears. + +The trigger for this occured not too long ago. After a correction occurs they usually last 10 months and bears last 15. You can plan your increased contribution based on that historical length. Of course the time span may be lengthened if a correction becomes a bear. + +This current bear market is only 3 months old. If you have a long time horizon this strategy is one of the few market timing "tricks" you can safely take advantage of. However, for it to work you have to be on autopilot. Your increased contribution will start once a correction or bear is confirmed and go back to normal once 10 or 15 months pass. Mark that in your calendar to get it right. + +This strategy will ensure that you buy more shares over time when they are "on sale". + +https://www.cnbc.com/2015/08/24/8-things-you-need-to-know-about-bear-markets.html +[Link](http://www.varecs.com/en/2017/necessity-is-the-mother-of-invention-vol-2/) + +*Summary*: + +Japanese companies have many different motivations for going public than do American companies. This indicates why the Japanese market, while having a much lower total market cap, has many more publicly listed companies, many of them micro-caps. A great many companies also run interesting gift programs to attract investors, unlike those in the US. +Haim Bodek of "Dark Pools" by Scott Patterson fame is featured in this new documentary showing the true scale and scandal of the High Frequency Trading Space. Exchanges collude with HFT bandits to make millions off the backs of pension funds, mutual funds and other market participants by giving them the worst prices possible and manipulating laws to their advantage, all without oversight or penalty. http://www.sanglucci.com/checkout-sanglucci-in-this-new-documentary-the-wall-street-code/ +* While Herbalife isn’t dead yet, Pershing Square Bill Ackman’s non-stop 24 hour ‘Herbalife is a scam’ call seems to have dealt the company a blow. + +* Herbalife reported its second consecutive disappointing earnings, with a 4% decline in U.S. business and a 17% reduction in new members. Further analyst downgrades are expected, and regardless of whether Herbalife is really a scam or not, the stock is down + +http://jewishbusinessnews.com/2014/11/05/jim-cramer-bill-ackman-is-having-an-impact-on-herbalife/ + +* **To pressure state and federal regulators to investigate Herbalife, an act that alone could cause its stock to dive, Bill Ackman has helped organize protests, news conferences and letter-writing campaigns in California, Nevada, Connecticut, New York and Illinois** + +* Bill Ackman told his dinner companions that Representative Linda T. Sánchez, Democrat of California, had sent a letter to the Federal Trade Commission the previous day calling for an investigation of the company. + +* Ackman’s efforts illustrate how Washington is increasingly becoming a battleground of Wall Street’s financial titans. **Ackman has persuaded four members of the US Congress, a New York State senator, a City Council member in Boston, The Nevada Senate Majority leader of the and several elected officials in California to join the cause against Herbalife** + +* Herbalife has mobilized its own army of lobbyists to defend itself against Mr. Ackman’s charges. + +* Brent A. Wilkes, the national executive director of the Washington-based League of United Latin American Citizens, or Lulac, rejected any suggestion that he had become Mr. Ackman’s "tool" + +http://www.nytimes.com/2014/03/10/business/staking-1-billion-that-herbalife-will-fail-then-ackman-lobbying-to-bring-it-down.html?gwh=65486B7BD2D2E5052C245537BA0E0A68&gwt=pay&_r=0 + +**Bill Ackman says this is a personal matter** + +* He says that Herbalife is targeting immigrants just like his great grandfather and keeping them from achieving the dream + +* *"Herbalife targets the "financially unsophisticated" and 'lowest income people. I think this company is a criminal operation, I think they are harming people. This is something that angers me. I am going to pursue that. Whatever is required, I intend to do it personally. I will fight Herbalife with my personal fortune. You under-estimate me, I will go the end of the earth to take down Herbalife"* + +https://www.youtube.com/watch?v=NXudzKoaIyI + +https://www.youtube.com/watch?v=KX32XBgzXQ0 +It seems Sketchy as fuck to me, thay all of a sudden the subs are trying incredibly hard to attract new Apes to the fold, and then they're all commenting and receiving an incredibly high number of awards. + +I maybe wrong, but that looks to me like an attempt to work together, and could be the hedgie fucks or shills trying to fuck us again. + +I'd love to know your thoughts. + + +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 +This drives me nuts. It happens a couple times a month. We have a customer order our product (I run a monthly food subscription for men). We ship on time with a UPS tracking number. Always AFTER the product has been delivered, the customer calls their bank and says the charge was fraudulent or they never received the product. We issue our case showing the order information, IP addresses, tracking numbers proving delivery, and still we always lose the claim! + +The most annoying ones are people who order 3 month subscriptions and wait until we have sent all three crates to call their bank and issue a chargeback - so shady! This comes right out of my pocket as a small business owner and I am powerless to do anything about it. + +*Except* promote payment methods that protect me as a seller. That's why I just upped our bitcoin discount on Coinbase to 10%. + +/rant + +Edit: It was pointed out to me that I didn't include the business. *Facepalm*. http://mantry.com/bitcoin-bacon/ +Another day, another depressing parent topic on this sub. + +My dad found out last week that he is terminally ill, he likely doesn't have very long and the next few months are going to be very hard for us all + +For reference: He owns his flat and car with no outstanding debt, he is retired but isn't currently collecting his state pension as too young, has a moderate amount in an investment account and although his will states his partner (long term, unmarried) is allowed to stay in the property as long as she likes, the ownership will be passed onto me and my brother. I also know he has a life insurance policy that he's been paying into for the past decade. + +This sucks all around but as I'm going to be the one sorting things out when the time eventually comes, if anyone has any advice around what information I can get from him regarding finances now to make things easier down the line, it would be much appreciated. +Skipton Building Society have an online easy access saver with an interest of 1.2% (0.5% bonus for 12 months). Just in case it was useful for anyone. Probably the highest you can get at the moment. [Found here](https://www.skipton.co.uk/savings/easy-access/online-bonus-saver) +Hopefully it helps someone. +Good morning everyone, happy Thursday. + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Stocks Over $10** + +* Gapping UP: TKAT, UPST, WSM, SINO, AYTU, OCG, LAZR, GME, AMC +* Gapping DOWN: MARA, RIOT, EBON, TBIO, RIDE, NIO, TSLA, MAXR + +**Stocks Under $10** + +1. NEOS: Gapping up after merging with AYTU, couldn't find anything else. Seeing good volume and price action in premarket. +2. BHTG: Gapping up on news of expanded partnership. Seeing good volume, but currently seeing weakness in price action and I'll want to see that change. +3. EVOL: Gapping up after reporting earnings. Seeing a bit of weakness in price action, and I'll want to see that change. Very low float, so this could see some volatility this morning. +4. UONE: Gapping up after reporting earnings. Also currently seeing some weakness in price action, but I'll be watching to see if that changes. +5. CANF: Gapping up but couldn't find a catalyst. Seeing decent volume and price action in premarket. Has gapped up the past couple days of trading and is once again today, so I'm just keeping an eye on it. +6. INFI: Gapping up after a couple price target upgrades and reporting earnings yesterday. Seeing decent price action but on lower volume. I'll want to see volume pick up. + +After the strong afternoon yesterday, we are looking at opening in the red this morning. SPY is currently trading at a little under 395, and we could see some choppiness this morning. If SPY can't hold above 394, we could see some downwards movement today. Bitcoin pulling back slightly, trading at around 58,000. Bitcoin-related stocks are down in premarket, but I'll be keeping an eye on them throughout the day, as usual. Tech continues its slide. Gold is trading flat, silver in the green, and oil in the red. It's been a choppy week so far, and we could see some more indecision in the market today. Things seemed pretty euphoric yesterday afternoon, so I'm going to be a bit cautious today. If we see obvious strength, then it will be business as usual. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +*Original thread here* [*https://www.reddit.com/r/Daytrading/comments/9qf3ut/free\_professional\_level\_trading\_course\_videos/*](https://www.reddit.com/r/Daytrading/comments/9qf3ut/free_professional_level_trading_course_videos/) + +&#x200B; + +**NEWEST UPDATE:** + +&#x200B; + +Q: Who am I, what am I teaching, and why am I teaching it for free? + +A: [https://www.youtube.com/watch?time\_continue=11&v=JSFGANWcZ2w](https://www.youtube.com/watch?time_continue=11&v=JSFGANWcZ2w) + +&#x200B; + +&#x200B; + +🎓 Course Via YOUTUBE: [https://www.youtube.com/c/c0tt0nc4ndyta](https://www.youtube.com/c/c0tt0nc4ndyta) + +&#x200B; + +&#x200B; + +Beginner's Course: [https://www.youtube.com/playlist?list=PLBcrRkQDkijjeXqQirpE9sI6yhCtLie2x](https://www.youtube.com/playlist?list=PLBcrRkQDkijjeXqQirpE9sI6yhCtLie2x) + +Mental Analysis Course: [https://www.youtube.com/playlist?list=PLBcrRkQDkijiJbkyb06asm-ExwmB0HMYV](https://www.youtube.com/playlist?list=PLBcrRkQDkijiJbkyb06asm-ExwmB0HMYV) + +Advanced Course: [https://www.youtube.com/playlist?list=PLBcrRkQDkijic17FYVee1FzYYyZwW1rN2](https://www.youtube.com/playlist?list=PLBcrRkQDkijic17FYVee1FzYYyZwW1rN2) + +&#x200B; + +&#x200B; + +Thanks everyone and enjoy! +So far I’ve only been trading for three months but I’ve found one trade to be most profitable with high reward to risk. + +Combining breakout patterns/ flag/ wedge patterns with spy breakouts. Today I traded Netflix which broke a prior resistance combined with the spy breaking the 418 range for an almost 4 to 1 return. + +In my three months of trading I would say this trade has worked 90% of the time with an average of 3 to 1 returns. +My friend isn't the smartest with money and doesn't have the best projection of income in the future so I'd like to give his daughter a little safety net when she is older. I was thinking about a $500, 20-year bond but unsure if that is the best idea. +So the time is here.. Attorney General National Security Division has served the Bitconnect shillers and court date is right around the corner.. Wonder how this will go? + +[Trevon James Court Date!](https://www.youtube.com/watch?v=A2ewFbRbi4Y&t=788s) + +[Craig Grant Court Date!](https://www.youtube.com/watch?v=QV0xd-7-Yjk&t=38s) + +WHATTTAMMIGUNNAHHDOOOOOO! +ASICs have destroyed Cryptocurrency. Bitmain owns near +35% of Bitcoin’s hashpower. That hash power is literal ownership of the bitcoin network. You’re telling me that future decentralised currency of the world is 1/3 owned by a single company. Centralised Proof-Of-Work sucks and so far people have done little to stop it. + + + +## **It's time to take a stand to this crap. If you don't support fair mining, you support monopoly. If you support monopoly, you're no better than the banks.** + +But first, let’s discuss and start from the beginning: +&nbsp; +# What is an ASIC? +- Application-Specific Integrated Circuit. +- A piece of hardware made for one specific usage. For cryptocurrencies, it is usually a miner made for a specific coin. +- This machine is useless outside its specific baked in algorithm. + +# What is Bitmain? +- Private company founded in 2013 by Jihan Wu. +- Bitmain was created to help develop an ASIC for Bitcoin. + +# What is wrong with ASICs? +- Financial entry bar is high. +- Mining is no longer profitable for non-ASIC miners, meaning you need to be permissioned by JiHan and Co to have any ownership in the system whatsoever, not to mention the ROI is a turd, and they've usually been pre-used. +- They're useless outside their scope, i.e.: if algorithms needed be changed in the future for security reasons all ASICs in the world become useless shitboxes overnight. + +##**Think i'm joking? You're up against this ▽▽▽▽** +[What Bitmain's Litecoin mining factory looks like] (https://imgur.com/a/wV6ma) + + +#Here's a list of the coins that support centralised Proof-Of-Work: + +| Asic | Hash Function | Coins that use the hash function | +|:-----------|:------------:|:------------:| +| Antminer S9|SHA-256|Bitcoin +| Antminer T9+|SHA-256|Bitcoin Cash +| Antminer L3+|Scrypt|Litecoin +| Antminer A3|Blake (2b)|Siacoin +| Antminer D3|X11|Dash + +# Join The Movement: #FairMining +Vertcoin is committed to ASIC resistance and fair mining. One of the major points (if not, the whole point) in the creation of cryptocurrencies is to not have a central point of failure. Increased centralization increases the chances of network failure. + +We support Monero in their fight against the Antminer X3 and their fork happening in April. With the rumors of an ASIC being created for Ethereum, we urge Ethereum to continue with their vision they set out in their whitepaper to stymie ASICs. + +# We urge all coins, not just the ones without ASICs, to join the fight against ASICs and Bitmain! +You're either with us, or you support them! + +# [#FairMining](https://twitter.com/Vertcoin/status/978641118941384704) + +For more information visit our [Medium article] (https://medium.com/vertcoin-blog/vertcoin-a-call-to-action-against-asics-f8d47aef895d) +There is no other coin which got more hate since the beginning of the year than Doge. Most of the people here, me included, predicted it will dump after each pump it had. + +But here we are today, with so much blood in the streets, Doge stood its ground and is now the 3rd biggest crypto by marketcap. Still holding its incredible YTD ROI of more than 6000%. + +And this all **despite the fact you cannot stake Doge**. Unlike ADA, BNB and plenty of other coins that are behind Doge. + +It all might have started as a joke but we can now see how serious people are about it. And although I still can't believe Doge is where it is, I now have much respect for Doge holders. +To start, I live in Oregon and I am 22 years old. Live with my dad, always have, never could move out, my career never took off. I do odd jobs and gig economy and my income is about $1000/month. $500 of which I have to give my dad for rent and food, but fair enough. I can't afford a real apartment. The rest I save and spend as I please. + +I will add, my dad watches my bank account. He does it to make sure I'm saving money for a car and an apartment. I am 100% owner of my account, my dad can't access the money, but we have it set up so he receives a copy of the statements every month. + +Anyway I had invested into cryptocurrency a long time ago, back when it was cheap. And my dad knows about it. Well recently I sold part of my cryptocurrency and received $30,000. I have another $40,000 worth of cryptocurrency that I'm holding on to, haven't sold yet. + +So in total I won $70,000, of which $30,000 is a realized gain. That $30,000 was deposited into the account, and dad saw the transaction. + +He is now demanding that I set aside $10,000 for myself "because that is all I need", set aside enough to pay capital gains tax, and give him the rest of the US Dollars and Cryptocurrency. + +He says if I don't then I'm out of the house the first of next month and he won't accept any more of my $500/month rent. Please advise. +We don’t have room inside the house to put a sauna. I seem to recall a few months ago an article posted here about building an outside dry or wet sauna. We have 2 acres of land as well as a cabana. I could imagine building or assembling a semi temporary structure for the sauna. + +Can anyone recommend a vendor or a design? Ideally I’d have two identical buildings - one a dry sauna one a wet sauna. I’m imagining they would be each be big enough for four people. I live in the Midwest where it gets extremely cold with snow and also extremely hot and humid + +Any suggestions? +I earn 65k a year and i'm 26 year old male. I didn't save any money in my early 20's. I feel utterly depressed as i could of saved / invested / afforded a house by now. I was extremely stupid. Fortunately i live at home so can save quickly. I have $10,000 in savings right now. + +I feel depressed because Even if i save for a couple years i won't be able to afford a house that i'd want to live in. Any advice on how i can reverse the damage of the last few years? / early 20s? +Hi guys I recently started selling weeklies on Charles Schwab. I sell and buy to close 300+ contracts a week (account size 500k+). The fees are really eating into my profits, is it better for me to switch to another broker? + +Webull and Robinhood offer free trading but theres gotta be a catch right? Do they screw you on the fills? Hows TastyWorks and ToS compared to Schwab? I know Tasty's fees are a lot less. + +Thanks. +I see a lot of posts of people not wanting to get assigned on CSPs or wanting to roll out of the contract so the assignment doesn’t take place. When I write a CSP, I write it on a stock I like, at a price I want to own it at (usually close to the money). Then, I hope to get assigned so I own the stock at the price I wanted and I get premium as a “bonus”. Am I doing this wrong? Should I try harder to avoid assignment for better gains? +For those of you who have been using their methodology , what changes have you made and why? + +For example, I started paying more attention to fundamentals, whereas they say it as 4-letter word. + +How about you? +Trading psychology is a very important part of being a successful trader. We constantly balance fear and greed. It is easy to go the dark side and then get yourself in trouble. Curious what everyone else says to themselves to stay out of trouble and trade well? + +Here are some of my favorites: + +Booyahs to Cramer for this one, "Hogs get slaughtered." + +Don't chase the price, let it come to you. + +Stick with your trading plan. + +It's ok to NOT trade and sit it out during unfavorable conditions. + +Don't force a trade if nothing looks good enough. + +Don't get personally attached to any one trade. Be prepared to let it go. + +Remember risk management. + +&#x200B; + +Curious what things the rest of you say to yourself because everyone has self talk to keep them going. Looking for some helpful gems to add to my talking points. +I am using TD Ameritrade which charges $0.65 per contract. For a spread they charge both legs which is $1.30 per contract. + +How are people trading put and call spreads? It seems as if the frictional losses would make these types of trades unprofitable, especially the ones where strikes are only $5 apart. + +I found this out when I executed a 400 contract put credit spread and got charge $520 for the commission. + +Do other brokers charge a lot less? + +&#x200B; + +**EDIT 3/3**: Thanks to all who provided constructive feedback. I was able to negotiate a discount with TDA based on my trading volume and account size to $0.45/contract. So, that's a win. + +I also took the opportunity to close out the short leg of the spread at 40% of max profit. No sense getting greedy, the underlyer was falling towards the strike. +I realized put credit spreads are not my thing, I end up being emotional about it once I see it going against me, today I ended up with a lost of 50% on my $30 AMD spread. After the loss I got pretty happy, realizing that type of trading isn't for me yet. I have a very small account and built it up to around 5k now. How I got to where I am now is keeping It simple, CSP and CC. I'm starting to believe the saying to KISS, keep it simple stupid, is the best approach to trading. What are your thoughts on it sticking to the basics and ignoring all the diffrent types of strategies? +I'm wondering how many of you make a living off trading options? I've seen some TastyTrade vids on YouTube where some have successfully changed "careers" and have left their 9-5 and solely trade options as their income. + +How long did it take you trading options before you made this change? + +Cheers. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I don't know if it happens to many of you, but sometimes I read an article, watch a youtube video of a prominent economist or financial pundit making a comment about the general economy or the market. Then I think to myself, well this guy/woman sounds amazing, what they say totally makes sense. Then I scroll through the comments and see comments saying "this person was wrong in XXXX about YYY". And it looks like many of these comments are fair observations based on some preliminary research. And yet they still bring these guys up on TV regularly. As a matter of fact, you can do searches like "ZZZ was wrong", and replace ZZZ with "Ben Bernanke", "Alan Greenspan", "Paul Krugman", etc., and see the results for yourselves. + +My question is, how do you identify non-partisan, non-exuberant, data-driven, persistent and reliable informers on economics and financial markets with a good track record? I know I am supposed to educate myself, but I am still a beginner and I would like to have some sense in how to seek better information. + +Edit: Thank you for all the valuable comments. I would like to clarify something: I am not looking to predict the future or looking for some expert who predicts the future markets well (Looking at my original post, I can certainly see how I came across in that way, though. Apologies for that). I am looking for insights on how to identify relatively reliable and robust sources for the most part. In a way, I am looking for a method to identify more useful information (aka filtering the noise on economics and financial markets). Do people employ methods (benchmarking some track record of a resource, expert opinion, etc.) to identify more useful information/pundits, or do people just surf all the bits of information out there in general? +As the title says I just got kicked out today of my parents place. I’m really at a loss because it was unexpected and happened so quick. My best friends parents said I can live at their house under a few conditions and some rent money. 100 a month and I’m grateful and in their debt to be honest. I don’t wanna be a bother to them so I want to find another living situation as quick as possible. My monthly income is 1600 with no bills besides rent now. +How do I turn my life around when I don’t have a single clue what to do. + +Edit: just woke up and it’s still reality, thanks for all the advice guys especially about not feeling like a burden and making myself useful at their place thanks so much I’d still be lost without all of you guys. +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. +Hey everyone, + +I wanted to go over how I like to perform DD on stocks I come across. This isn't financial advice, its just my personal process and style. + +It looks like you all enjoyed this post, so here's a series on **Accounting 101, focusing on how to read and analyze the 3 financial statements!** + +**Accounting 101 - Part 1: The Income Statement -** [**https://www.reddit.com/r/stocks/comments/nlhcci/accounting\_101\_part\_1\_the\_income\_statement/**](https://www.reddit.com/r/stocks/comments/nlhcci/accounting_101_part_1_the_income_statement/) + +&#x200B; + +&#x200B; + +>***I have been banned from this subreddit. Some of my posts have been taken down. I won't be able to post on here anymore, I'll have to find another place that will have me!*** + +&#x200B; + +# Profile: Is this company real? + +1. Website +2. Address, Google Maps of HQ +3. LinkedIn +4. Wikipedia +5. Social Media Accounts +6. News Articles +7. Key Executives + +# Financials: + +1. Look through the latest **income, balance sheet and cash flow statements** +2. Calculate **YoY and QoQ** **growth** for at least 10 years (or less if the company is young) for each of the 3 financial statements +3. Calculate different **valuation ratios and metrics** to see how they **stack up against their competitors** +4. Look through **Analyst** Estimates, **Investment Bank** ratings and **DCF** figures + +# Documents: + +1. Read through recent **earnings call transcripts** to get a feel for how executives communicate and how honest they have been in the past quarters. +2. **SEC Filings**: Read through proxies, prospectuses and more to get a full picture. + +# Insider Activity: + +1. Find out how many I**nsider Buys and Sales** have been made in the past 6 months. +2. Look into who these insiders are, what they're role and functions are within the company. + +# Ownership: + +1. Find out which **Mutual Funds, ETFs and Hedge Funds** own the stock, how much of it and when they last bought/sold shares. + +# Social Sentiment: + +1. Scan through **Reddit, Twitter, Facebook Groups** for ticker/company mentions to see if the conversation is bullish or bearish. Beware, this can be misleading due to spam and trolling. +2. **Google Keyword Research:** This is especially useful if the company provides a consumer product or service, I like to find out how often its mentioned and find any spikes in online searches. + +# Future: + +1. What products and services are planned for the future? +2. What are the industry/sectors innovations, needs and wants? +3. What are competitors developing and are planning on releasing? +4. What markets is the company looking to penetrate? +5. What cultural/societal shifts and trends might effect the companies roadmap? + +# Price: + +1. I look for **price dips/spikes** and then look into what was going on during that period to see **what may have effected or caused them.** + +**So, this is part of my process, some of it may suit your style, some wont. I'd love to hear your feedback and it would be great if you all can share your process!** +Edit: stock price movements\*\* to be more specific in the post title + +I’d like to start off by saying I’m invested in some fairly safe picks (ETFs, AAPL, MSFT, etc) so I’m not worried when I see that the market is red or that my portfolio is down. That being said, on weekends when there is no market movement, I feel like I’m missing a whole part of my life. I really enjoy checking my portfolio and watching the movement throughout my day, whether it be up, down, or sideways. I’ve even started to dread the weekends because it’s less fun looking through tickers and seeing what stocks are mooning/plummeting. Anyone else feel the same way? How do you cope? + +Edit 2: To address a common comment: yes, I do other things outside of sitting at my computer looking at tickers. I have other hobbies and people to talk to. That being said, investing is fun (which it should be!) and I miss it during the weekends. I'm lacking someone that brings me enjoyment when the market is closed. + +Edit 2.1: “lacking someone” should be “lacking something”. +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 +Alright guys. I discovered VR1 this morning and after doing a read up about them, I have decided that they have serious potential as a long-term hold. Feedback is always appreciated, I could be missing something. Anyways. + +So VR1, they are basically the only VR, AR and IoT software company on the ASX. Basically the company uses the virtual world to tackle real-world problems. It's very hard to describe all their applications, so [let me just show you] (https://youtu.be/6uH_vW-rZHA). Their [investor presentation] (https://www.asx.com.au/asxpdf/20200831/pdf/44m3cpj66snz71.pdf) has also seriously blown me away and covers their technologies in-depth. Their two key areas are Digitalization, the reinvention of manufacturing and CAD (computer-aided design). + +Augmented /Virtual Reality is a rapidly growing industry (speculated to become a $35B industry by 2025), that has been forgotten among all the hype over AI, Robotics, 3D-Printing etc. I'll let Zuckerberg highlight why this industry is only going to get [bigger from here] (https://i.imgur.com/oN3AvPe.jpg). + +Fundamentally, they are doing very well. + +They currently have: +- $3.1M Revenue (131% Increase from FY2019) +- $170k EBITDA (120% Increase). +- $6.1M Net Assets (52% Increase from FY2019) +- $1.6M in Cash + +They are partnered with Logitech, NVIDIA, HP, Intel, HTC, AutoDesk, Siemens, EPIC Games, Volvo etc. They are planning to use their software to target the Healthcare, Tourism, Education and Defense Sectors. HTC and the Italian Government are substantial holders, and they are in the process of expanding globally. The share price rise this morning was due to them trialing their AR solutions across ~1000 hospitals in Italy for endoscopic surgery, marking their first venture into AR Healthcare. + +TLDR: [Read This](https://www.asx.com.au/asxpdf/20200831/pdf/44m3cpj66snz71.pdf). I rarely post these type of long-ass DDs, but this micro-cap has seriously impressed me. +i lost heaps of $ all my profits and heaps of my own that am not brave enough to admit but i want to know how much you guys have lost and how you all feelin? + +i myself feelin stomach sick from this waves lol +**Market Overview** + Not a great day for stonks, the XJO never even looked like it was going to be green for the day, we just slowly drifted down all day. Now I think a perfect summary for the market for me today was; If my dog took a shit and my horse took a shit, then we blended that and put it in an oven to make brownies. The quality of those brownies sums up my day. Feel free to steal that and use it if you like, just like Tom stole my gains. + **XJO down 0.6%** + +**Energy sector & Materials sector** + Energy decided nope 1 day of gains is good enough, they were down 1.23% for the day. Only green was SOL who aren’t even energy and are more of a managed fund if anything. But thanks to SOL for carrying the large caps. + Materials up 0.81% for the day with the only red coming from ORI which I have never looked into and have no idea about, so maybe that’s why they are green? The big 3 were all green today with BHP throwing the team on its back up over 1% because they had half price waffles today. + +**Industrials & Health care** + Industrials had a sad day down 1.18% with not a single green again for the large caps, I feel like this is almost what I was saying Monday. Hopefully tomorrow we go all green again, but no major losses for the large caps. + Healthcare down 1.36%, FPH and RMD both up almost 2% and I have no idea why but probably due to some star sign TA stuff which justifies through a flag or pole that the stock must be green. CSL was red and seems to be cooling off, but PME took the biggest poop for the day down over 5%. + +**Consumer Discretionary + Staples** + My 2 favourite sectors to compare and say how opposite they are…but TODAY THE FINISHED THE SAME! Both down 0.94%, now this is a perfect example of market manipulation, them bots must of seen they both had the word consumer and forced the stocks to do the same. Anyway for Discret. JBH was the big winner up a major 0.06%, so congrats to anyone whos having tendies tonight on the back of them. Staples was funny with WOW doing what the name suggests and WOWing investors away with a nice 1.94% loss. Coles however were up 0.49%, once again no idea why the big difference between them but Woolworths must of stolen the slogan down down prices are down today. + +**Financials and Technology** + Financials are the boomer sector and they were down 1.11% which is a beautiful symmetrical number, therefore you guessed it we must blame the bots! Medibank was the big leader up over 1.6%, I have never looked into investing in them but maybe I should, one day of green is better than me at the moment. + Next we have the most beautiful sector at the moment, Tech! up 1.10% for the day, not quite as good as 1.11, but we cant have everything. APT up 3.17% with some THICC momentum and when itll stop nobody knows, but it sure is a fun show to watch and enjoy. + +**Communication services, Utilities & Real estate** + Communications down 0.1% with SEK doing the best up 1.42% with TLS and NEC being the red for large caps. Utilities down 1.2% with my boys MEZ staying flat and AST taking a nice dump down 2.24% on the back of slow aussie internet. Their gains must be lagging too. Real estate down 0.92% with the only green for large caps being CHC up 0.13%. So overall not a great day for the stonks. +This will probably barely move the needle for EOS, but here goes: + +—————— + +Electro Optic Systems Holdings Limited (“EOS” or “Company”) (ASX: EOS) has secured two contracts totalling AU$4.25 million for the supply of R400 Remote Weapon Systems (“RWS”) to a European NATO country. A number of these systems are optimised for integration onto Remotely Operated Combat Vehicles (“ROCV’s”) and include the remote control units to operate the systems. Both contracts will be delivered this calendar year. + +EOS RWS products are well suited to the emerging market for ROCV’s because of their market leading accuracy, reliability and light weight. + +The Company is participating in a number of tender opportunities for ROCV capabilities across multiple countries with a sales pipeline in excess of AU$1 billion. Major awards are possible in the next 12 months. + +DYOR +This stock was pumped and dumped hard after listing but I've done 3 minutes of research and think it will be worth a dollar before EOY and the objective non-biased scholars over at hotcopper seem to agree. I feel like a savant buying an undervalued long term stock for once instead of riding hype trains. +That is all. + +See you in 6 months for the r/agedlikemilk tag. +We all woke up to some exciting news out of the US last night. It's clear that retail investors are becoming a legitimate force. There are arguments from both sides about what's right here, but I urge my fellows not to pick a side. + +In the gold rush, the people who made the most money were those who traded equipment. + +Buy stocks in retail trading apps. It's here to stay. +China is buying record amounts of beef. Next on its shopping list is coal + https://www.abc.net.au/news/2022-09-04/china-imports-record-amount-of-beef-next-is-coal/101391656 + +As above, due to the ongoing drought Chinas consistent power supply is fucked. Who has the most mature supply chain, regulatory relationship, desired type of coal and volume to supply the northern overlords. + +It conflicting to want to profit from this but currently living in London and betting on natty gas and soon green/nuclear due the war has been a mega macro. + +Canary wharf bets is zeta land compared to this theological institution. +So wanna get some input on these two, obviously with a little due diligence thrown in on my part. + +Caeneus Minerals - ASX=CAD @ 0.014 + +WA based mineral exploration and development company, what's special about this one is the proximity to the large HEMI project with current estimates being over 2.2 million ounces of gold ran by De Grey which saw their stock price go from a couple cents in January to $1.275 now. CAD's Mallina project encompasses nearly 500 square kilometres and at one point in their tenement is less then 200 metres to De Grey's Shaggy prospect. De Grey's Aeromag results actually show very promising results running into Caeneus's tenement which will hopefully be collaborated in the coming week as Caeneus has performed and completed their own Aeromag test and we should see the results very soon. +To top it off Caeneus plans to start drilling before Christmas so once the results surface things are going to move quick. + +Zelira Therapeutics- ASX=ZLD @ 0.056 + +Weed stock... Wait your still here? Ok so yeah I know what your are thinking but hear me out. Zelira has positive revenue, is backed by billionaire Alex Waislitz and Thornley investment group who only just a couple days ago chucked them a couple million. They have products, and despite me calling it a weed stock is not actually weed. This is where it gets a little spicy. So their current scope includes researching the effects of cannabinoids on breast, brain and pancreatic cancers aswell as the potential to treat diabetic-assossiated cognitive decline. They have already made medications and are testing them to treat insomnia, provide chronic pain relief without opioids and here is the kicker and why I think this stock is perfect for this group, A U T I S M. Yep you heard right but the DD will continue first. They have partnered with Curtin University in Perth, UWA, Kids telethon, St Vincents hosptial in Melbourne and the children's hosptial of Philadelphia in the US. Zelira's plan is to use the FDA to basically get a leg up in the US and be one of the first companies to bring legal cannabinoid based medications to market, the approval of which is "well advanced" and use doctors to prescribe it so Zelira wants to provide as much clinical data as possible to support their products. Their medications so far have had postive results in placebo tests and I see a huge market for it if it all takes off. Now to the real question, can this be a meme stock? Like hell, this may as well be ASX_BETS mascot. Medication to treat Autism, here is some rockets 🚀🚀🚀🚀 pretty sure we are all sexually attracted to rockets now. + +Anyway, that's all from me on these. Might make this a regular thing if one of these takes off, just need more money to invest. +Just wanna say a big congrats to those believers that are sitting pretty with some lettuce in their commsex account. Was a pleasure my fellow autists. Congrats with fishguts too guys and bigger congrats to the fish and chips gang. + +*Plays wolf of Wall Street chest humming and banging here* +Fair warning, this will be a long post and I won’t be throwing down any rocket emojis. If you’re looking for that turn back. This post is me seeking some legit discussion about whether or not Next DC (NXT) is a buy *at the current price*. + +For those not in the know, NXT (Next DC) builds and operates data centers Australia wide. I’m looking at it as a potential multi-year buy and hold. It's currently sitting at $12.77 a share or about 5.88B on market cap, and made minor losses in FY19 and FY20 (more on why later). I’m going to talk about it at ~around $12 because $12.77 is a short term high and it could probably be picked up for less if you were patient. Another thing to keep in mind is that it has come up off $6 a year ago, with a capital raise in 2020, so it has more than doubled in market cap. + +Since I’m considering this as a long term hold my decision to go in has to be based on fundamentals, not price sentiment. I’m aware that this is a foreign concept to most denizens of r/ASX_Bets, but you retards are the closest thing to ASX stock analysts (*) I have on reddit. I consider myself to be a beginner at this kind of thing, so I welcome all kinds of feedback (good and bad) on my analysis. + +One of the first things I do when I’m trying to put a valuation on a company is a dive into the consolidated financials of the last few annual reports. This approach isn’t the be all and all of DD, but I like it as a starting point because it provides quick insight into how the company does or does not generate earnings, and trends in that behaviour. So, I tabulated the consolidated profit and loss statements of NXT’s 2017-2020 annual reports, and it only raised more questions for me. + +You can find my table at this imgur link. The numbers are rounded figures in millions, and the ‘scaling’ rows at the bottom are my own addition (sum of the ‘blue’ rows in the actual statements). + +https://imgur.com/nSYNdeI + +This table tells an interesting story, but before I get to that the number one thing to know about these figures is that the D&A Cost is Depreciation and Amortisation and it represents the continual loss in useful life of the company’s buildings, plant and equipment. So, when the company invests truckloads of cash into building a new data center the cost *does not* all appear on these statements in one lump, it gets spread out over the entire ‘useful life’ of the assets. This means it would be wrong to assume that the P&L statement looks bad just because the company is growing. Those growth costs simply don’t hit the P&L that way. + +You will observe that I’ve highlighted figures in blue that I consider to scale with the size of the company’s core business of building and running data centres, including lifetime D&A of those assets. These figures show a very nice underlying profitability to that business. + +Secondly, you will observe that the company made a profit in 2017 and 2018, and only made a loss in 2019 and 2020 because of the arrival of large financing expenses. If you dig through the 2020 annual report, you will find that this financing is mostly in the form of short term corporate bonds, about $800M worth. Some of the bonds mature in 2021 and some further out, at rates of 4% to over 7% per annum. + +Now, with the cash from the recent capital raising NXT could technically just pay out the bonds when they mature and be debt free, but they don’t really want to do that. The company has been growing at about 20% YOY by investing capital into new data center capacity, it needs cash on hand to continue this strategy. If the management of a company thinks that they can get a return on investment greater than the cost of capital then it makes perfect sense to take on some form of debt. NXT used that bond financing to fuel growth in the last couple of years. Read the section titled ‘Funding’ on page 23 of the 2020 report for confirmation that the company will seek continued financing. + +On page 73 of the annual report you will find a summary which shows a debt gearing ratio of 35% in 2019 and no gearing in 2020. However, they have used a Debt-to-Capital ratio there, which makes the debt cancel with the cash for technical reasons. To get a different view of gearing I worked out the Debt-to-Assets ratio (still factors in cash) and got 47% in 2019 and 32% in 2020. I don’t think the company will go back to shareholders for more cash again soon, so they will either need to draw down on their $300M debt facility or issue new bonds to roll over the old ones (hopefully at lower rates). The important take-away from this is that in order to keep growing (as shareholders will expect) the company will have to carry debt, and should carry debt if they can get a return on investment. They only need to hold cash temporarily while they set up the next expansion project. + +What this means for earning figures is that ‘financing expense’ scales with *size of the annual growth* for now, and will only later morph into an annual asset replacement cost proportional to the size of the business. This will never go away and it will eat into that ‘underlying profitability’ I mentioned earlier. It will also be a bit patchy and unpredictable from year to year as the company gets funding from different sources. Note that (the way I think it works is that) the financing impact on the profit and loss statement is the interest coupon on the bonds. I.e the -$57.7M in 2020 is about 6.5% of the total outstanding bond amount, equal to the average coupon which gets vaporised and forever disappears from shareholder value. The repayment of the principal on bond expiry will not appear on P&L, just like the initial funding injection did not appear as revenue. + +I know that was a lot to take on, but understanding the capital structure is a necessary foundation to valuation in this instance because the business model is so capital intensive. Company management is happy to blow past year’s ‘profit’ on next year’s financing if it will allow continuation of growth. You can expect the company to keep doing this until it hits some kind of growth ceiling or slowdown, at which point financing would drop to an asset turnover rate and the company would start paying dividends. The share price of the company, or I prefer to use total market value of the company (5.88B), should reflect earnings potential once the company stops growing, discounted depending on how many years in the future that point is, and should also count book value of assets at that time. + +The problem for me attempting a valuation is that the assumptions going into that method are all guesswork. Can the company continue to grow at +20% revenues for the next however many years? What about the growth rate in asset value? What if there is a significant shift in finance cost? Basically it is one of those situations where you can make present value come out at whatever number you choose, just by tweaking the assumptions. + +What’s worse, it looks to me like almost all of the present value is counted in the future value of assets. I won’t bother showing you the discounted cash flow because the numbers are meaningless, but in summary the annual profits generated are small in comparison to the value of assets, and once growth slows down the growth in profit is eaten by inflation and risk anyway. + +Even now (in 2020) the ‘scaling profit’ in my my original imgur link is less than 10% of net current asset value in each year (50M vs 1700M in 2020), which supports the view that a large portion of any debt fuelled infrastructure valuation is just book value of the assets. NXT will grow until management does the maths one day on return on capital and decides it is not worth it to keep growing at that cost or at that rate of return. In this way NXT is very much like an airport, a port or or a toll road company, just with data instead of physical goods. Valuation will trend towards nominal replacement cost or purchase price plus a return rate only slightly better than cost of capital (very low right now). + +**Conclusions and Questions** + +On the one hand, the rapid growth in net asset value looks likely to eclipse current market cap in a few years. Net assets (inclusive of debt) have grown at an average x1.6 for the last three years. **2017** 506M > **2018** 893M > **2019** 875M > **2020** 1683M (includes 862M cap raise). Now while that includes a capital raise, i.e. shareholder money, Net Current Assets (mostly just property, plant and equipment) have been growing at a similar rate. So, just project that rate out a few years, throw in reasonable revenue (beating cost of capital as a ROI) on top of that and you might consider it a buy at $5.88B today. It certainly would have been at $6. + +As far as risks go, I think the data center business is probably resistant if not immune to most foreseeable economic disruptions. The black swan stuff is not a reason not to invest, if you are diversifying properly. Direct threats would be mismanagement or competition. A near term (<3y) increase in cost of capital would also be problematic because it would put the brakes on growth. However, that would also affect competitors and would allow NXT to set prices. For upside risks, if the company can access cheaper debt it would be a great boost to shareholder value because it would slash the annual financing costs. + +On the other hand, I have difficulty making my preferred discounted cash flow model arrive at a $5.88B valuation. I figure that the company will return in the order of 10-15% of revenue as profit after the rapid growth phase is over (e.g. Replacing 5% of current assets value each year at a cost of 5-7% debt finance.), or a smaller percentage as return on assets. So, if it grows revenue at +20% for another 5 years it *might* make 75M in profit in 5 years time. If you run that into a cash flow model you get nothing like $5.88B present value (more like 2-2.5B). However in that model the present value is clearly dominated by underlying asset value (which I always count in total valuation) and that has been growing much faster as noted above. It would be silly of me to say that NAV will still be $1700M odd in 5 years time, which is what is happening in that 2-2.5B calculation. + +Some of you might be saying ‘but ASisko, you can’t use a DCF to value a growing, capital intensive business!’. Well, I think you can still make some ballpark guestimates, especially if you take the company’s depreciation and amortisation of capex at face value. However, this still leaves me wondering how to reconcile the rapid expansion in net asset value with the relatively paltry free cash flow. I can just project NAV at x1.6 (or a lower multiple for risk) and it comes out much higher than accumulated free cash. + +I guess my first open question to you guys is what the f**k to do with this weird NAV growth in a discounted cash flow? Or alternatively, is the DCF right and the NAV figures are wrong? + +Secondly, does anyone know of a superior fundamental analysis model for this type of business? + +Thirdly, would you invest or are you already invested in NXT, and why? + +Lastly, any other comments on my analysis or on NXT itself? + +Cheers guys and if you read all the way here instead of looking for the **TLDR;** I appreciate it. +Saw someone asking for a rough estimate of price for XST on the daily. +Ive been on this for a month now and thought itd be pretty cool to do some maths instead of just drawing rocket emojis on dice and throwing them to pick stocks. Early little disclaimer - this could have its resource assessment announced tomorrow at fucking nothing and i'll probably cry my broke arse to sleep for a week. Always dyor and know the risks especially with speccy resource plays like this. That said - good chance for gains in the next few weeks and potential massive long term gains if the right very specific criteria are met. Namely that there is gas in the ground and that's its useable. + +My intention when i bought in was to ride the hype and the rerates off the next few announcements then re evaluate for a longer term hold. But for now i want to do a quick analysis on the worth of this project. Lemme know if i can improve it or fucked it in anyway. + +Numbers and stuff time + +Basically to begin with I made several assumptions: + + - that any gas found is going to be usable natural gas. no fracking required etc (not a big deal anyway as biden supports fracking at this stage) + + - that 1 TCF of gas is worth $1 billion - this seems to be pretty close to what i could find based off 2019 prices (there will be a small production cost but gas is in a shortage in california so i assumed the premium price due to demand balanced it out) + + +The SOI for XST is currently 2,174,587,391. This will probably be diluted more due to needing to raise costs to begin production. I cant foresee production being overly expensive to start due to the nearby pipelines already in place. The dilution should be quite minimal at that point because we hit more than 500 BCF of gas and this is going places. + +Y=no. of TCF of gas + +XST + +- +Share price = $1000000000 * 0.33 * Y / 2174587391 + +at 1 TCF thats $0.1517 + +Basically under the aforementioned assumptions and criteria it is possible for XST to almost 10 bag from here. + +- +- + +SGC + +SOI=397,311,759 + +borba interest = 66% + + +Share price = $1000000000 * 0.66 * Y / 397311759 + +at 1 TCF thats $1.66. +Hi, just thought I'd give a quick update on a few non-BNPL related stocks that I know a few here have some interest in + +* CML keep releasing pics of visible gold in their Canada drill holes and the stock price keeps going down, much wailing and gnashing of teeth over at HotCopper +* AT1 up 16% today, starting to approach the numbers where all the FOMO retards for burnt. That one guy here who's all in must be thrilled, he's up a good 30%+ now +* DXB crept very low this week despite impending results from three promising trials, lots of volume as some big players are either entering or exiting or both +* NVX slowly working its way up throughout the month too but I'm not really following this one +* VDHG has moved a good 2% this month - which is significantly higher than its low, low MER, buy in today! +Pretend for a minute that the confusion is *INTENTIONAL*. + +* German brokers were told by the DTCC that it was a regular split. +* Fidelity (one of the financial titans) believes it was a regular split. +* Computershare (!) thought it was a regular split. +* More/other brokers (TDA?) believe it's a regular split. + +It seems when prompted with "*what should we tell the brokers*" that *SOMEONE* decided to try and "pass this off as a regular split, maybe nobody will notice." + +That seems really ham-handed and stupid, frankly. It makes you think that, before $GME, they might have been able to sweep this kind of thing under the rug. + +Apes calling in, showing the legal doc, is *ABSOLUTELY FUCKING UP THIS APPROACH*. They aren't going to get away with it -- especially if someone brings a lawsuit (ping u/RealPulte). + +I have more thoughts on this, but wanted to say: + +#KEEP FUCKING IT UP +Hello everybody, + +I've been a contributor/reader here since 2013 so I've seen all the shades of r/financialindependence. I recently, within the last 6 months, hit my leanFIRE number ($330,000) that would support me in the South American country I've been living in for the last few years. I had been chasing this number since 2013, and when I hit it, I realized I would want at minimum double before I would even consider quitting my job anyway. I've also been extremely interested in the idea of real estate since 2014 but have never gone through with it. When 2018 started I said this would be the year I get into real estate whether it is in the USA or in South America, and I've decided to actually pull the trigger and advance some life goals that I've had and try something new. The big catch here is I do not have a credit history in the new country and the purchase will be about $100k, cash. This will deplete all my brokerage accounts, short of $30k that I have floating in my ESPP, the rest of my money is in 401k's, ROTHS, traditional IRA's. + +As far as I can tell, this goes against everything the community here is about, but I've put my research in, looked at the positives and negatives, and am "going with my gut". I could just continue renting and living an extremely thin travelers lifestyle with basically a small box of possessions in my country of choice and hopping from apartment to apartment, or I could go this route, accumulate some things, have a great apartment, and rent out the extra space on Airbnb or locally and have a more permanent existence. + +I guess the point of my post is to let someone out there know that goals change, strategies change, and going against the mainstream is possible. This is by far my riskiest move yet, my first home purchase, and could be either the worst or best financial decision I've ever made when all is said and done but I also think it's going to be a really awesome and fun experience and a good way to wrap up my 20's. + +The idea is to rent out my extra rooms to pay for all the costs of the apartment (taxes, internet, maid, etc), and if the renting goes really well, the money would then start to pay for a lot of my daily living expenses, hence the FIRE portion of the equation. You need less than $1,000 a month to live in the 2nd world, and depending on rental rates and occupany/interest this house alone could provide a living wage, all at the cost of $100,000. + +I will be sure to update the community in the future on how the purchase has gone, if AirBnb was actually feasible, and if the purchase has cost me more than I imagined in various regards. More than anything I'm happy with where this journey has put me, I really feel at 27 making these types of decisions I can hardly do wrong; This sub and the ideals here have put me in a tremendous situation in life. + +Keep on keepin' on! +Today Bloomberg [has a news story](https://www.bloomberg.com/news/articles/2019-01-29/equinox-precision-run-flatiron-nyc-a-new-treadmill-gym) about Equinox opening a new gym in New York City. ([non-paywall](https://outline.com/58YaAX)) + +On the terminal this was under "Featured Stories" in TOP. It is under "Businessweek" on their website. *Not* their lifestyle section, *not* their Pursuits magazine, just smack in the middle like any other regular news story. + +The article has needless details like the price of classes, the location of the gym, and the number of participants. It spends multiple paragraphs touting how "it's become such a sensation" and describes the class routine in detail, letting us know that it "customizes the treadmill running to your own needs and style, and in a cool, immersive group setting." Is this business news? + +The images in the article are literally *sourced and provided by Equinox*. + +Does anyone else find this to be a very poor attempt at hiding an ad? Do you find this to be deceitful and utterly trashy behavior for a (supposedly) reputable news organization? Is there some other noteworthy business information here? Equinox making new gym classes is absolutely not the same as a new Tesla launch or a new Apple product. Those articles would never say "the new Tesla has really comfortable corinthian leather, and you can find it at the new dealership in Chelsea for 29.99". Not remotely close. +I've been looking into retirement savings, and I recently found out about Roth 401ks. They seem pretty much superior in every way (at least for me) than a traditional 401k. How common are these with employers and are employer contributions generally the same as traditional 401ks? + +I've been in the workforce for only a little while now and I've yet to have an employer offer a Roth 401k. +I will save another $10,000 to reach my goal of $20,000 by this time next year, buy a 3 or 4 unit rental property, continue to save and further my real estate career, live within my means and using the properties as a (somewhat) passive income stream work at my job that I love as few or as many hours as I want. +I make about $20,000 a year working 35 hours a week at my current job. +I live with my parents currently and will until I move into the rental property. Because of this I save nearly every penny I make aside from a few expenses such as food and car costs + +What are your thoughts? +Hi, +I currently have about 1.5m EGP (100k USD) and I currently have two options: + +1. Buy an apartment priced at 1.5m EGP + +2. Put the 1.5m EGP on a 3 year CD deposit with 12% yearly interest, it will give me an interset of 15k EGP monthly and I can rent the same apartment with only 6k EGP a month. 9k EGP extra. + +I would really appreciate your guidance. + +Note: The average interest of CDs in EGP currency in Egypt are 12%. It was 14% last year. +Title is pretty self explanatory. My mother is really horrible with money, she’s around 60 and bankrupt. She currently lives in a different country with her husband and she’s not doing so well. Once in a blue moon she shows up asking for money with promises of giving it back but I know it’s not gonna happen. + +We have an estranged, rather complicated relationship and as horrible as it may sound I don’t want my mother to have much part in my life when she gets older. I don’t want her to have to move in with me or even have her live too close by. + +I’m starting to feel like the best way to make this a reality would be to set her up with her own account that once she reaches her latest years she can have some stability and her own independence. As bad as we get along I don’t want her to end up in a home. + +But as I mentioned at the beginning I don’t want her to know I’m doing this or else she’s just gonna spend it before retirement. I want to set her up in a way money is going to be released slowly and not just full access to said account. Any advice? +I was looking at my cash back history and was surprised to that my cash back was "maxed" for this time period. Not only that, I have to "claim" or "turn-on" my cash-back every quarter.. is this usual CC practice? I'm definitely going to read the fine print next time.. Is there CC out there that still has good cash back, isn't high maintenance and won't max on the cash back? I use my CC for everything and pay it off at the idea that I'm getting 1-5% cash back, so to have a "max" on my savings is a little frustrating... + +&#x200B; + +EDIT: Thanks all for the help. Ended up calling and it turns out yes, the older Chase Freedom I'm using has a cap on the "targeted" 5% quarterly cash back but it does have unlimited 1%. Highly recommend checking out any funky disclaimers on your CC's! +Hope everyone's doing well. I've been super stressed lately. So here it goes: + +I'm a freelance web developer and designer who has been working since I was like 16. I have around 25K USD in savings. Now, I'm from a third world country and always had a dream of studying abroad, being in a good environment, nature and most importantly to make more money. + +Long story short, I've received an LOA from a college in Ottawa Canada for Interactive Media Management Program. Now, quite honestly I don't think there's anything in this program which I don't already know but I think of it as an investment which will help me settle in Canada and possibly allow me to make more money. + +The whole cost of 2 years, we're looking at somewhere around 50k USD. Now, I've half of what's needed, but I'll be allowed to work 20 hours per week and have clients from mostly US which I think would help me make another 10K USD a year. + +Now, I think I'll be able to make it but I'm constantly asking myself if it'll be worth it. At the end of the day what matters to me is the money. There's no assurance that I'll be able to get a good job there. + +Right now, I'm making around 15K USD a year from international clients but it's like I'm stuck at that number since past few years. The main reason I think is my laziness due to the environment I'm in. + +Should I stay here and try to scale my freelance business or should I just put all my savings on the table take the risk and go for it? +I’m trying to figure out my best course of action, but I’m really struggling here. + +Right now: +1. I have 8k in savings and will probably have around 22k by April 2022, when I am planning on applying for mortgages to buy a home. My credit score is currently over 750. +2. I am a teacher with only an undergraduate degree. I have no student loans, but I do have a monthly car payment of $350 a month. I am considering graduate school because it would drastically raise my annual income. +3. I currently rent an apartment, so I don’t own any property yet. + +Basically, I realize if I wanted to go to grad school in the fall of 2022, I would have to probably apply in January/February of 2022. If I want to buy a home in June/July of 2022, I would need to start that process probably around April. + +My question is, could the grad school application ruin my chances of getting accepted for a home loan? Is it a bad idea to do both in the same year? +So, I have never had a great relationship with money. It was a get it = spend it mentality just like my family. A 4 yr financially toxic relationship saw me spend all of my savings (close to $10K). + +Last year, faced an unexpected layoff coupled with hounding them for $4,000 in backpay, had to quit nursing school, then took a $6.00 paycut for a job. Got promoted in November, and have been living on about $670 every two weeks. + +I have been very frugal; and in doing so, managed to save about $710 in my cash ER Fund (and $500 in a bills ER Fund!!) + +My car needed a repair that cost about $350.00; so there goes most of my ER Fund. But dear god I could cry happy tears because I've not has this type of security in a very long time. + +I just wanted to share. There is a light at the end of the tunnel and I am determined to be better. +KEY POINTS +Amazon released first-quarter results on Thursday that trounced analysts’ expectations. + + +Amazon shares climbed as much as 5% in extended trading Thursday after the company released its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue. + +Here’s how the e-commerce giant fared, relative to analyst estimates compiled by Refinitiv: + +Earnings: $15.79 per share vs. $9.54 per share expected +Revenue: $108.52 billion vs. $104.47 billion expected + +Few companies have benefited from the pandemic-fueled surge of online shopping as much as Amazon. The company notched record profits and revenue last year, while CEO Jeff Bezos announced earlier this month that Amazon crossed more than 200 million Prime subscribers, up from 150 million at the start of 2020. + +In 2020, Amazon invested heavily on coronavirus-related measures like safety protocols and wage increases for front-line workers. As a result of these costs, Amazon last quarter forecast operating income of $3 billion to $6.5 billion in the current period. Those coronavirus-related costs are expected to slow this year, although on Wednesday, Amazon said it would spent more than $1 billion on pay raises for more than half a million of its U.S. operations workers. + + +https://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html +The same people who put out these articles are deeply invested in unsustainable commodities and don't give a fuck so long as it benefits them. Don't be fooled by the media; while I agree that some coins are more innovative in how they mine, bitcoin is still the one that's going mainstream and that's what scares the hell out of them. + +Why are they so scared? Bitcoin is step one in curbing wealth inequality since it will be a lot more difficult for any institution to manipulate. They won't be able to just turn on the money printer to pump their stocks, meaning that we will no longer see the stock market grow while the consumer price index stays relatively stable (basically what I'm saying is that they put more money in the stock market while the money supply of everyday people stays the same, increasing wealth inequality). + +Back to my main point; bitcoin mining isn't being run off of oil and coal like all of these other companies news agencies don't seem to have a problem with. They're scared for different reasons. + +Edit: I just realized that I misspelled hypocritical in the title, but can't change it. I'm well aware of it though. +1) **Invest with forever in mind** + + +One piece of advice Buffett has given Berkshire Hathaway's own investors can be applied universally when the market seems expensive. In his 2014 letter to shareholders, Buffett wrote: "Since I know of no way to reliably predict market movements, I recommend that you purchase Berkshire shares only if you expect them to hold them for at least five years. Those who seek short-term profits should look elsewhere." + + +In other words, trying to time the market is a losing battle. Sure, the major market indexes are close to record highs right now, but the Dow Jones could continue to skyrocket to 20,000 just as easily as it could fall back to 17,000. We just don't know what will come next. + + +Because of this, while there is no guarantee of profit in the stock market, the best way to position yourself to make money is to hold the stocks you buy for a long period of time. I would even go so far as to recommend a minimum 10-year investment time frame. There have been very few instances throughout history where the overall stock market hasn't increased over any given 10-year period, and there have been no 15-year periods in which the overall market has declined. + + +&nbsp; + + +2) **Build your positions over time** + + +Dollar-cost averaging, a favorite practice of Buffett's mentor Benjamin Graham, means investing a set dollar amount in the same investment at fixed intervals over time. Basically, this leads you to buy more shares when prices are low and fewer while prices are high. Buffett has said many times that the best way for the majority of people to invest is to dollar-cost average into a low-cost S&P 500 mutual fund. While I prefer buying individual stocks, dollar-cost averaging works no matter what type of investment you're looking at. + + +Consider this basic example. Let's say you have $20,000 to invest in a stock you like, which currently trades for $100 per share. Instead of spending all your available cash on shares right now, you spread it out over a year, purchasing $5,000 worth of shares each quarter. + + +&nbsp; + + +3) **Form a long term perspective** + + +For all of the reasons mentioned here, the stock market is still an attractive place to invest. Sure, the fire-sale bargains of 2008 and 2009 aren't there anymore, but from a long-term perspective, that doesn't matter too much. Stick to a smart and consistent investment strategy no matter what the market is doing, and you'll end up a winner over time. + + +&nbsp; + + +Happy investing, happy hodling. +We all heard about the fud in the past days and some people where concerned screaming that the crypto world had ended, even the media was talking shit about every coin and some just posted also suicide line phone numbers... Guess what? That's not anything special in this world dudes, everybody want to fuck you down and get an easy money. + +Believe me dude, if you are dealing with a cryptocurrency investment the best thing you can do to have your money safe is to do your homework. What does that mean? Invest in something you understand and also feel identified with. + +I also entered to this world with the wrong concept of crypto, I was told I was going to make millions in some days but, after a while you realize how important and real some projects in the crypto space are and those are the ones you should invest for sure. I'm not gonna chill any coin, this isn't the reason of this post. It's just that I feel you all, those who have been bamboozled in the past days selling low. I was in the same boat in the past, but once I crossed the China fud sea and other past red storms I can tell you for sure that crypto is not going anywhere because that's the main reason of cryptocurrency, nobody can take down any decentralized network, not even hackers, governments institutions or jammie dimmons can... + +If you lost a lot of money I'm so sorry, there's only one thing you can do to recover your stack again and that is investing safely next time. Read the progress of the projects on github, it doesn't matter if you are not a freaking genious, don't expect to understand everything but at least take a look and see if the project you are investing on has made any progress, critize the project you are investing in, no project is perfect... just make sure that the potential is bigger than it's possible failures. And my last recommendation, invest in something that you feel comfortable with, don't go buy shitcoins just because of the FOMO, don't worry if the project you invested on is going up little by little, you will eventually reach your moon. + +Just to quote an example of the past FUD, I made a meme months ago during the chinnese fud, and it's nothing different to what happened this past days, invest safely and do your homework! Love you all. + +https://www.reddit.com/r/ethtrader/comments/6y2ejv/authorities_of_china_right_now/ +Hi UKPF, + +A friend has just left prison and needs to get a new bank account. He only has one form of ID (full driving licence) and is currently staying with family but has no proof of address documents. Is there anything he can do to open a basic account without all the paperwork that is normally requested? Unfortunately he needs a bank account in order to move on with housing/benefits/employment so is understandably feeling a bit stuck. + +I have tried to research this but didn't come away with a clear answer so any help would be much appreciated :) +I make $61k and my wife just went back to work making $31k per year. Our bills (not including food, gas, or other misc expenses) equal around $3300/month and our take home pay is around 6300 which leaves with about $1000 unaccounted for. We have 15k in credit card debt and only about 4k in savings at the moment. My thoughts were that we should pay of the high interest credit cards once we had a few grand in savings, then start working on savings again, but my financial planner insists building a savings account to have a year's salary is our first priority. Is this sound advice? +I see a lot of posts on PF where I have pretty much zero advice to give, either because the sidebar explains everything to someone drowning in debt and can't figure it out, or they just inherited six figures making another six a year and want to know how well they are doing. + +I'm creating this thread just to show that not everyone is super frugal, or super wealthy, or has a recently deceased grandfather that just gifted them a million dollars. + +My situation: + +M/26 married with two kids in the Midwest. Combined salary 50-75k depending on overtime/bonuses, myself working in manufacturing and wife in insurance. Bought a house when things were dirt cheap for 70k, stupidly bought two brand new vehicles, almost one paid off, other has 15k left on it. Currently 8k in 401k and IRA combined. 2k in emergency fund. + +We probably eat out too much, but we enjoy time as a family when we get the chance, as I work six-seven days a week sometimes, depending on how busy my work gets. No student loans, but only an Associates Degree for me. Can't take vacations because we are broke and trying to pay down debt, but we find lots of things to do in the area that don't require too much money. + +In short, nothing special, but not doing bad either. Anyone else feeling financially non-extraordinary that wants to share? +Spent some time digging through the sacred texts, and figured y’all would appreciate a capture-all post with links so this is that post + +Bullish + +#MOASS Preperation Guide (parts 1 & 2) by u/socrates6210 + +https://www.reddit.com/r/Superstonk/comments/mm5qle/the_moass_preparation_guide/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +https://www.reddit.com/r/Superstonk/comments/oakqvt/the_moass_preparation_guide_20/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +#Exit (wut?) Strategy by u/NHNE + +https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +#MOASS Negotiation Guide by u/dewman0012 + +https://www.reddit.com/r/Superstonk/comments/n12o03/are_you_prepared_for_the_biggest_negotiation_of/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +#Post-MOASS Consideration on Banking and Storing Assets by u/Soluna7827 + +https://www.reddit.com/r/Superstonk/comments/n0ksdb/postmoass_examining_your_new_status_with/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + + +#Post-MOASS In-Depth examination of Financial Advisors, Tax Attorneys, CPA’s, and Wills by u/Soluna2827 + +https://www.reddit.com/r/Superstonk/comments/mutuhv/postmoass_an_indepth_examination_of_financial/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +#Harsh Truths you need to hear to save your money from yourself by u/Damsellindistress + +https://www.reddit.com/r/Superstonk/comments/n3wdy1/being_rich_is_easy_staying_rich_isnt_harsh_truths/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +#You’re going to need to file a 13H after you finally sell for millions by u/whats-left-is-right + +https://www.reddit.com/r/Superstonk/comments/nk5cvm/youre_gonna_need_to_file_a_13h_after_you_finally/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +#Tax Cheat Sheet IV - CPAs Why you need one and how not to piss them off by u/areallygoodsandwich + +https://www.reddit.com/r/Superstonk/comments/nol4y7/tax_cheat_sheet_iv_cpas_why_you_need_one_and_how/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +#Attorneys and You: A guide to the newly rich by u/dodecaphonicism + +https://www.reddit.com/r/Superstonk/comments/mzt5sm/attorneys_and_you_a_guide_to_the_newly_rich/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Article: https://www.creditkarma.com/insights/i/fomo-spending-affects-one-in-four-millennials/#editorialnote + +Methodology: + +Online survey of 1,045 U.S. consumers between the ages of 18 and 34 during February and March 2018. + +Avg Debt Calculation = Total debt across U.S. 18-34 y.o. members of Credit Karma (CK) for March 2018 divided by total number of U.S. millennial CK members for the same month. + +Summary: + +Key Findings: + +39% of respondents spent money they didn’t have to keep up with their friends. + +73% of those who went into debt to keep up with their friends typically keep it a secret from their friends. + +27% of respondents don’t feel comfortable saying “no” when one of their friends suggests an activity they can’t afford. + +Two-thirds of respondents feel buyer’s remorse after spending more than they had planned to on a social situation that they later regret. + +36% of respondents doubt they can keep up with their friends for another year without going into debt. + +How much do millennials spend?* Amount spent over the weekend|** % of respondents** :--|:-- $100 or less|69% $101-$250|15% $251-$500|16% Over $500|7% + +Does not take into account COL differences. + +Discussion: Inherent issues with sample collection; otherwise interesting article to begin a discussion on life style creep and modern take on the adage “Keeping up with the Jones” + +Stolen/X-post from: www.reddit.com/r/personalfinance/comments/8dscu2/39_of_1834_yos_overspend_to_keep_up_with_friends/?utm_source=r + +Credit: u/Zfriske +I've spent a lot of time reading through r/personalfinance , and I just want to say that normally, I wouldn't recommend that anyone move out at 18 if they're able to save money a little longer. However, I have been both physically and psychologically abused for an indefinite amount of time, and I genuinely can't survive like this for much longer. + +A friend of mine (over 300 miles away) said that she could guarantee a place for me to sleep for at least 2 weeks, but couldn't promise anything longer than that. With the money I have saved up, I'm hoping to uber to a hotel in a city closer to where my friend lives, as she'd be willing to pick me up from there. + +While I'm there, I plan on applying for a job as a bank teller (hopefully I'll be accepted) and I will also contact the local youth shelter and see if I can get into transitional housing. Really, I just need enough time to get accepted for a job, and buy a cheap used car that I can sleep in for a while. + +My sister's been fighting to stay with my dad in the same city, but my abusive mother has been trying to manipulate him into sending her back. If my sister is able to land a job in this city, then we can hopefully split rent together. When my friend is able to move out, she'll likely come stay with us too. For anyone who's wondering, the reason why I haven't gone to live with my dad is because he's easily manipulated and doesn't want to get on my mom's bad side. Trust me, I've tried. + +I know this is starting to get a little too personal, so I'll go back to my financial question. Am I handling my money wisely in this situation? If not, what is the best possible way I can use it to my advantage? + +EDIT: I really wasn't expecting this post to receive the amount of feedback that it did, and honestly, I just wanted to take a moment to say thank you to you guys. Reading all of your advice and support really means a lot to me, and it provides me with all the motivation I need to get out. After reading some of these comments, I've re-adjusted my plan. Unfortunately, I won't be able to move my funds to another bank account until I turn 18. Once I do, my mom should receive an email notification. However, what she doesn't know is that I have the credentials to her email, so I can delete the notification before she even sees it. I did some more research, and turns out there are a bunch of rooms for rent in a city nearby that are relatively cheap. Instead of traveling all the way to my friend's city, this is likely what I'll do in the meantime until I become somewhat stable. After that, I'll pursue a certification in finance, and hopefully I can afford an accounting degree in the future. +06:15 wake up + +06:30 charting(1 hour) + +7:30 20min run/low intensity workout (15min core stability and 5min cardio) + +8:30 shower + coffee + +09:00 office open (London open)+ economic calendar (ftmo,myfxbook) + news + +09:15 podcast (phsychology trading 30mins) + +09:30 first trade can be placed + +10:00-11:00 education 1 + +12:00-12:30 break + +12:30-13:00 education 2 + +13:30-14:00 high intensity workout (weights) + +14:00-15:00 education 3 + +15:00-16:00 free hour + +16:00-16:30 health/lifestyle education + +16:30-17:00 free 30min + +17:00-18:00 backtesting + +18:00 office closed (London close) + +&#x200B; + +notes: + +\-if daily target it hit in before 12:00, a free afternoon is possible + +\-at all times keep an eye on the charts + +\-the high intensity workout is because i always feel sleepy after i ate + +\-by education i mean checking other people's strategy and look if i can add something of it do mine (i know some people will say this is pointless since i'm profitable already but i love to see how other people trade the market and have their 'edge') + +\-usually i have 0-3 possible trades occuring in a day with my strategy + +\-some people will see this as overkill but i found that trading is very passive in comparing to my job i had in construction, so i need some variation/things on the side other than constantly watching charts 8 hours/day +&#x200B; + +https://preview.redd.it/ferfaso4u4381.png?width=1256&format=png&auto=webp&s=9ce16a6f4bf4a5642765e1f8b54f2bdaca1faf51 + +&#x200B; + +Today I learned a lesson in patience and process this week. I went hard on shorts on the GBP USD H4 by adding multiple positions with multiple lot sizes I put in like 8 positions. That was my process baces on what I saw on the chart. + +Of course, price when against me and I was down a lot! + +At first, I freaked out because nobody likes losing money right? I mean I was down almost $200 on a $6100 account. I don't like to be more than a -.25% loss on daily return on average. + +So I stepped away for 30 minutes and came back and looked to find a way to fix this. What I ended up doing was putting in long trades to increase my chance of booking more profits. This helps reduce my risk and as a result, I ended booking 379 pips this morning. + +I still have two shorts going. I am watching the price to see if it will retrace back down after hitting resistance at 1.3346 and try to increase profit or at least reduce my loss. + +This process took all week to get through but it was worth and I learned so much from it. By being patient and trading processes you can work out anything in trading. + +Now I am more comfortable with trading the market knowing that I can find a way to deal with what the market throws at me. Just be patient and trade your process. +**I spent more than an hour writing this in-depth analysis so I would really appreciate an upvote and your comments on how this setup could be improved or just whatever! Any ideas/comments are appreciated!!** + +I am sorry that this isn't well formatted because my editing skill is non-existent and I highly encourage people reading this to read this on PC (to verify it with their charts / make it more understandable) instead of mobile. **Thank you for reading** + +**---** + +Strategy: A multi timeframe analysis that consist of W1/D1/H4, trying to find the indications of price action of W1 and D1 pointing to the same direction (bullish/bearish), and then just enter on H4 with the bias of dominating trend and the confirmation (from trendline break) + +In -depth Analysis: + +W1: + +* Price above EMA100/200 -> long term bullish +* Price recently break below EMA55 (after reacting AND breaking dynamic EMA55 SUP (orange line) a few months before) -> short term bearish + +[\(lines from high to low\) the top\/bot band is BB band, red line is EMA21, yellow line is EMA9, ORANGE line is EMA55, white-ish line is EMA100 \(and below is EMA200- not in this picture\)](https://preview.redd.it/rxszcr4ku5e71.png?width=849&format=png&auto=webp&s=b88d60ef7d9eea31cff2b3eba65f31aef66f1e8d) + +* Price making double bottom / fail to make Lower Low +* Price rejecting SUP + * \-> 2x? bullish price action + +W1 candle on 19/07 (1C before): Double bottom / (almost HL) price + LL RSI + +\-> wide Hidden bullish divergence far from OB/OS = ok bull signal + +[Double bottom \/ \(almost HL\) price + LL RSI](https://preview.redd.it/cer5114nv5e71.png?width=180&format=png&auto=webp&s=7d8504d686d99eb97a77eecd5373c2f4ee991372) + +From totally 2-3 bull signal + EMA100/200 bullish and only 1 bear signal. I conclude that W1 is mostly BULL + +\--- + +At 01:47 am 27/07/21 GMT+2 + +D1: 2 bull divergence on RSI near OS + +Wide bullish divergence on RSI at OS = perfect bull signal + +[Wide bullish divergence on RSI at OS = perfect bull signal](https://preview.redd.it/tic33uwcw5e71.png?width=503&format=png&auto=webp&s=4f01089aa54213b7ee96d917255772e8ce554631) + +middle-wide bullish divergence on RSI at OS = very good bull signal + +&#x200B; + +[middle-wide bullish divergence on RSI at OS](https://preview.redd.it/vpf33nlfw5e71.png?width=224&format=png&auto=webp&s=15aea648b55a4037556032d82b58195d4a0663c7) + +Also price action at the Rectangular part on D1: + +* 3-4 long wick candles rejecting the W1 SUP showing the SUP holding and bear momentum loss +* inside bar + doji candle on 23/07 showing bear momentum loss + +&#x200B; + +https://preview.redd.it/u4p0aw04x5e71.png?width=861&format=png&auto=webp&s=807ad1515947b29684df989391237c894713a6c7 + +From our analysis of W1 and D1, our bias is surely bullish and just want to wait for the BUY signal to enter. + +We wait for the break of the trendline D1 (from the picture above) and enter on the H4 chart (so we don't miss a good/high probability trade already). + +1st entry (in the picture) is after confirmation of trendline break + +2nd entry is after the Higher High made -> increase even more probability of succeeding (lower risk/reward of course) + +Because it's mostly a D1/H4 trade (swing/ somewhat long term trading), we put TP at D1 1.18461 + +and SL a bit under 1.17517 + +Although our risk/reward is not very good (around 0,7 I think), the break of the trendline is a confirmation signal that this trade is high probability. So our chance of success is really high. + +If you want better risk/reward and lower probability (no trendline break confirmation), you could also enter at D1 just from seeing the 2 bullish divergences and W1 bullish bias, where you enter at the lower end wick near W1 SUP 1.17517 and SL a bit under that. + +&#x200B; + +Proof that I traded this setup (through paper trading): + +https://preview.redd.it/i6a9gv2j06e71.png?width=1219&format=png&auto=webp&s=bea2507349a2e5f7998c56ff774bb995ef34b0af + +https://preview.redd.it/ykee1prk06e71.png?width=1661&format=png&auto=webp&s=5dc3e8c15d0442e4ffe0d80c97182f1077c209bd +**Purpose** + +This thread is for recommending trading books, blogs and other resources of any level and for any aspect of trading. Recommend your resource and say what you think it's good for. + +**Rationale** + +There is a considerable gulf between the amateur trader and successful trader that this sub has a bit of difficulty bridging. The experienced guys are often happy to help the amateurs, but not to handhold or give away their strats. I often see pros talking with pros in comments, then fielding 50 questions from amateurs about everything in that conversation. + +Pro's, we want all of your juicy trader knowledge, but appreciate that you don't want to babysit. I believe that an ideal compromise is for the experienced traders in this sub to share the books, blogs and other resources that helped them cross the gulf. +**Purpose** + +This thread is for recommending trading books, blogs and other resources of any level and for any aspect of trading. Recommend your resource and say what you think it's good for. + +**Rationale** + +There is a considerable gulf between the amateur trader and successful trader that this sub has a bit of difficulty bridging. The experienced guys are often happy to help the amateurs, but not to handhold or give away their strats. I often see pros talking with pros in comments, then fielding 50 questions from amateurs about everything in that conversation. + +Pro's, we want all of your juicy trader knowledge, but appreciate that you don't want to babysit. I believe that an ideal compromise is for the experienced traders in this sub to share the books, blogs and other resources that helped them cross the gulf. +Is it just me or has the quality of posts on this subred fallen off a cliff recently. Not to be too negative but the quality was relatively low as it is but the last few days has seen an influx of people who are coming off their new years resolutions who have sworn to trade their way from sub 1k to 50k+. + +For the mods, I offer a simple solution : Make it mandatory that anyone who puts up one of these ridiculous, unrealistic posts also attaches a link to a myfxbook so that we can watch them capitulate in real time? + +The saddest part is that these posts attract the most attention from traders ( which makes sense given 99% fail and the mindset and poor risk management the original poster exhibits is exactly why). + +Ive now been called a 'crab in a bucket' because I outlined that the ONLY way to achieve these kinds of returns is BAD risk management and LUCK. 2 things that do not go well with longevity - I suppose they have to learn this the hard way. + +If I was a newer trader I would take caution in this period as the subred is filled with toms,dicks and harrys who have hit some luck recently and are now suddenly experts. A personal guarantee to everyone is that they will not last 3 months - everyone encourage them to set up a myfxbook so that you can watch their progress and learn the hard lesson without having to risk any money of your own. + +With that being said, I wish you all a successful year in trading. +I will be here grinding my way to CONSISTENT gains with a maximum risk of 0.5% of my account per trade (boring I know, but atleast I will be here in 60 years) +When I forget about how much can be made, and how much can be lost in absolute numbers, and focus on following the rules to a tee, I do a lot better. I also feel like a winner even when I have a losing trade if I follow the rules to a tee, because emotional mistakes, or unplanned mistakes are always what have gotten in my way. But losses that come as a result of trading my strategy the right way, are overcome by the wins that come as a result of following the strategy the right way, and then I make a profit. There's not much of a point to this post, just felt like posting it. Nothing to see here. +Hey guys, + +I’m just getting into the forex scene. I’ve noticed that the most people on this subreddit treat currency trading like it’s just numbers that move, looking at the levers without understanding the context on why levers are moving. + +I’m not a big history guy or a big politics guy, but I do maintain a practical understanding of both to make currency trading a long term investment. That way you can skip all the forex lingo and really evaluate things by yourself imo. There’s a lot to gain knowing if developing countries currencies like the Brazilian real will bounce out of its years long deflation, for example. Some African currencies are also on the come up. I think we should be treating currency trading like the stock market. + +What do you guys think? +That's right, the holidays are upon us, so let's try something a little different while the markets are slowing down: + +From the time of this post, until Jan 4th, 2021, the restriction on MEME posts outside of the weekend will be lifted. + +Let the memes flow for the holidays... just keep them tasteful. :) + +Cheers! + +Jack +I've been dabbling with forex for many years on and off, usually off after having lost a bit of money and becoming despondent, but after returning again and again and finally finding a method that really fits and makes sense to me I think I've cracked it. However, it just seems to0 good to be true. I have found a method that works for me, a pair that the method works on, and consistently traded it over the last 6 months to a profit of around 11% over 38 trades. (rather than a practice account I started trading at 1% of £500 and increased from there, keeps me more engaged than pretend money and provokes more emotions to help practice dealing with that) + +Assuming results continue as they have so far, thats 22% a year, which with compounding interest is starting to look like an early retirement. Part of me is starting to consider trading a higher sum of money, and part of me thinks I should be reserved and continue for a year at the scale I am now. The latter part of me is doubting and saying 'maybe this is just a fluke' , and the other part of me is saying 'move onto the next phase and up the money a bit, see how you deal with the emotions'. + +Its hard to judge if I'm being too reserved and should just move forward and up the stakes a bit, or if I am in fact acting rationally when thinking of holding to what im currently doing for a full year. I mean what is a 'year' in terms of trading right, it's a probability game and the number of trades is what really matters in allowing the probabilities to play out. + +So I guess my question is does it seem too early to be thinking it might work; is 38 trades enough? And, what level of proof/practice did you have to demonstrate to yourself before finally making a transition from trial and practice to what you then considered real trading, with a comparably significant sum of money? +This requires some backstory. This is all in Ontario. + +I work for a large company with 10s of thousands of employees. Each job at the company is assigned a job level, and the salary ranges for each job level are posted on the company HR portal. The ranges are written as percentiles of a median salary, ranging from 75%-125%. When you enter a new role, you start at 75% of the median salary and annually receive a raise based on performance and inflation to eventually reach 100% or more of the median salary for your job level if you stay in the role long enough. + +Two years ago I entered a new job, which I will call “level 3” for this post. I entered at the normal 75% of the job level’s median salary. For this post, let’s say it pays $50,000 per year at the 75th percentile. + +One year ago, my department management decided everyone deserved more money. So they gave anyone who wasn’t already at the 85th percentile an immediate raise to said percentile. My new salary therefore increased by 10% of the median to about $57,000. My department has people at level 3, 4, and 5, depending on the complexity of work we do. Everyone was brought up to 85% of the median salary within their level. + +So anyways, a few weeks ago people at level 3 like me were given an opportunity to apply for a promotion to level 4 (same core job title, much higher complexity workload, more responsibility, and presumably more money). I was basically guaranteed the promotion based on my high performance. At the time I submitted my application, there was no mention of salary because the ranges for level 4 are posted for anyone to see on the HR site. + +This brings me to this morning. I woke up to a text from my boss, congratulating me saying I had got the promotion. He said my new salary was $57,900. This matches the 75th percentile for level 4. And its 10% less than everyone else who was already at level 4 when the department-wide raise was given. He said it takes effect August 5th. + +I would be making more than this by just staying in my current job and waiting until my next annual review. + +Needless to say, I’m fucking pissed. First of all, my boss and I don’t have a close relationship. Who the fuck texts an employee who’s on vacation about this? I have not replied. + +More importantly, I will not accept a peanut sized raise and knowingly make less than everyone else already at level 4. I feel like I should be demanding the 85th percentile or get the hell out of there. + +I assume I will need to sign something before this gets put in effect. So there will be time to discuss this with him when I get back from vacation next week. + +Any helpful comments or advice will be greatly appreciated. + +Edit:The employer did not break any rules and I'm not alleging they did. Also, someone just advised that maybe I should have used the term "sliding scale" as opposed to "median" to explain the salary structure. I wasn't exactly sure what terminology to use initially. Also, I rashly mentioned how pissed I am. Putting this aside, I'm trying to maximize my value and get what I believe to be the compensation I deserve. + +Edit 2: The progression from level 3 to level 4 is not a new title. They will simply be assigning me harder work which is much more complex. It doesn't add a whole lot to my marketability in this field. +I know, no dates! But this is pretty tit-jacking. Options have been a point of contention for a solid week now on this sub, and it seems many folks made a decision whether smart or otherwise to play weeklies this past week. I've learned my lesson in the past with weeklies, and I know not to touch a hot stove a second time... That said; maybe all the interest in weeklies this week wasn't all for naught. + +If you go watch one of u/gherkinit's latest clipped videos, he stumbles upon a finra notice that settlement for today's exposure is actually deferred until 11/29. What's that mean? Maybe- just maybe, the settlement we expected to see today will happen Monday because the SHF's figured we didn't have this extra bit of information- and those folks who purchased calls for this week set up enough of a gamma ramp that there was no way they were going to cover today and force gamma into an upward thrust putting cheap weeklies in the money? They let all those weekly contracts expire worthless knowing that they had an extra day, but they knew that we didn't know that. + +Gherk says in his stream that "Everybody that bought far-dated calls, that might be good news for you come Monday" If the folks buying cheap weeklies this week actually forced the SHFs to settle their exposure on Monday then Monday might be an exciting day for our favorite stonk (unfortunately at the expense of folks that had to learn a valuable lesson about short dated options). Last year the settlement was spread between the Friday following Thanksgiving and the Monday after. There was no settlement today- the price action surely didn't support it, so the settlement volume we saw last year between Black Friday and the Monday after should all fall on this coming Monday. +My wife was placed in furlough last week and her company said that orders were down 50% since the virus struck. Even if the lockdown ended I suspect the company has such excess supply that they will make half those on furlough redundant. + +My employer hasn't but anyone on furlough yet but my manager has suggest that once this is over about a third of us will be out of a job. + +I am terrified that once the Gov schemes end we will see massive job losses, more than in 2009, and there won't be anywhere for people to go. +I did this analysis for a post in the daily thread, but I think it's valuable enough to not be buried there. + +Yes, the S&P has fallen 17% from its all time high. But thinking about that as a portfolio "loss" from an over-inflated high exaggerates the impact: + +Starting from the peak overstates the losses. At the end of 2021 the S&P had doubled in 5 years. That's a 15% annualized return. The current correction has taken us down to an 11% annualized return from the same starting date (12/1/2016). + +Picking an arbitrary starting date, 1/1/1995, the S&P was up 20.5% (annualized) by the 2000 peak, and bottomed out at 7.5% in February 2003. It was back up to 10% in 2007. It did fall to 3.5% in March 2009 but was only below 4% for one month. + +Currently we've fallen from a recent peak of 9.0% to 8.1%. This really isn't a big deal for a long term portfolio, especially if you keep several years of spending money in a lower risk investment. The over-inflated high was exciting, but not ours to keep, so there aren't really losses to recover. +I currently have $50 of clothes sitting in my online shopping cart. I spent the last hour trying to decide if I should fill the order or wait until some later date, unsure if I really NEED new clothes. I just bought some new clothes last month, but before that I can't remember the last time I went clothes shopping. Since quarantine started, I'm spending significantly more on products for my home and myself instead of experiences with friends. My overall spend remains about the same, yet, I'm starting to really overthink my purchases. + +The thing is, $50 is something I can easily afford. I recently got a promotion at work and have nearly doubled my salary in the last year. I've gone from saving a couple hundred per month to a couple thousand. Since then, I've bought furniture that in hindsight seems necessary, but previously seemed like a luxury. I upgraded my 4-year-old water-damaged laptop that seemed to work fine (if I was lucky enough to power it on) but now seems unusable. I've stopped buying regular orange juice and switched to fresh-squeezed because I love the taste, but now the regular orange juice I used to drink tastes worse. + +My question is this: how do you find a balance between enjoying your money while still recognizing and preventing lifestyle creep? How do you justify purchases are *actually* worth it? Everything I buy seems and feels completely justified after looking back over my credit card statements, which I check along with my bank statements almost daily. But somehow watching that adding total grow and having to pay the bill at the end of the month has me under constant mild stress. I feel moderately obsessed with achieving fire as soon as possible, and count everything I buy for myself as a delay. I understand that time is the biggest factor in compound interest, and even spending an extra few hundred a month won't significantly impact my fire date - but I'm afraid making easy hundred dollar exceptions could open the flood gates and start to add up fast. + +How do you stay at peace with your personal value system while on you're fire journey? +Hi r/investing, + +I’ve been periodically increasing a position in SMH over the last year on the belief that semiconductors will be the backbone of the future. + +Reading up Buffet’s increased stake in OXY, I began to wonder if Energy might be the better play for the long-term. Something like IYE. Of course, oil is likely on its way out at some point, but perhaps players in this industry shift to green energy instead. + +I wanted to see what your thoughts were for the long-term: Semiconductors or Energy? +We have long history on the financial system... And we can see how bankers are the real guys who control the strings on society, they make wars, they bankrupt countries, put your dear politicians in place, they pay lobbyists to push laws that benefits them, and the only thing that they want it's just more for themselves. + +They were winning, by a long shot, until crypto came along the way, we have an asset that has a limited stablished immutable quantity, we have a way to move large ammounts of money for a really low cost, and move that to anywhere in the world and the fee will stay the same, we have some crypto projects that give you 5-7% APY, we also have a decentralized system, where no one it's in control, and they just can't kill that one guy who's in charge of the project, and they don't like that, the only way that they have to kill crypto it's to regulate it hard, in a bad way, and they are doing that right now, at least on the US, but their Ego doesn't let them see that other countries already see the potential that crypto has, and that's where we have the advantage. + +The fact that they are paying millions, and millions for lobbysts to put crypto in a box, it's something that makes me actually smile, it's the proof that we are standing at the most revolutionary asset that we have ever seen. Hell even two of the most brilliant minds on the world predicted this system, Henry Ford and Milton Friendman, they knew that the government and a central bank, would be bad for society on the long run. + +We are about to change the game folks, don't be discouraged, don't put your guard down, and don't let a red day, forget about why we are really here, to make f\*cking history. +Given the current environment and with the past two days wiping out many new traders, I feel that it is appropriate to post my Rules of Risk Management, which have been requested by others on previous posts. + +As a former fund manager and trader/investor with two decades of experience under my belt, here are the rules I have developed for myself concerning the trading of options: + +**1) Never invest with money that you cannot afford to lose.** This is the cardinal rule of risk management. + +**2) Limit your overall exposure in any single position** (this includes multiple directional positions on the same underlying) to a maximum percentage of your portfolio that does not exceed 1% for larger accounts ($100k+) and 2.5% for smaller accounts ($10k and below). + +**3) Always analyze the direction of implied volatility prior to entering a trade.** Only look at debit strategies when IV percentile is low and only look at credit generating strategies when IV percentile is high. In situations where you decide to take a directional trade (bullish or bearish), the use of spreads is recommended when IV is elevated as this will negate much of the risk associated with both Vega (volatility decay) and Theta (time decay). + +**4) Longer time horizons are advisable in selecting expiration dates for debit positions** and the use of shorter duration credit spreads can significantly reduce your risk, thus elevating your probability of profit. + +**5) Where liquidity is concerned - only trade options that are highly liquid**, meaning that they have high open interest and, thus, tighter bid and ask spreads, which will significantly lower the slippage on each trade you take. + +**6) Asymmetry of risk - only enter debit positions that offer 2 or more units of potential reward for every unit of risk.** This means that if you're risking $1 on a trade, your potential return should be at least $2. For credit positions, this is not feasible, thus, the tradeoff becomes taking in a credit with an exceptionally high probability of profit, which provides a positive expected value on the trade (for those of you unfamiliar with the term expected value - there's this thing called Google). + +**7) Maintaining a cash position of greater than 50% of your portfolio value is always advisable** (I personally maintain 80% cash at all times). You never know when a position is going to go against you or when an exceptional trade/investment opportunity will arise, thus you want to be in a position of optionality with respect to taking a new favourable position or adjusting an existing one. + +**8) Scale into your positions by laddering your orders.** This is especially important for those with larger account sizes since you can attain much better average prices on your positions by buying incrementally (or selling credit positions incrementally). For example, if you have $1,000 to allocate to a single position (assuming a portfolio value in excess of $100k), you can allocate $250 in 4 separate orders (or $500 in 2 separate orders). Conversely, when selling your positions, you should always scale out, which will allow you to ride your winners much longer than you normally would by incrementally taking risk off the table, which detaches you emotionally from your trade. + +**9) Manage your emotions and avoid FOMO.** Option trading is a strategic game that should be done with much care, patience, and discipline. By managing your emotions and working strategically, as a trader, you will develop a pattern of decision-making, which is integral to your profitability and success over a long time horizon. FOMO is a terrible thing because it causes you to chase trades that have already passed you by. Focus on your trades, not what everyone else is doing. + +**10) Put aside money for taxes and live within your means.** Assuming you follow the above rules (and have a solid fundamental understanding of how options and the financial markets work), you should see profits in the long run, which means that you need to be disciplined in squirrelling away money for tax purposes (so that JPow and his band of merry morons can continue giving it away to those of you who are living off of everyone else). Read up on the tax laws where you reside and if you're generating enough profits, hire a proper accountant to take care of your taxes for you. + +**Bonus rule:** Document all of your trades in a trade journal - if you DM me, I'd be happy to send you a copy of the excel template I use. + +\----- + +Godspeed and if you're serious about making your money work for you long-term instead of working for your money long-term, memorize these rules and apply them. Or don't, and continue chasing tendies like the majority of undisciplined individuals I've come across while repeatedly saying "would you like fries with that?". + +The choice is yours. + +TL:DR - SPY 300P for 09/08 (this is a joke, of course). +**TL;DR** A review of past ICOs indicates that most have performed poorly compared to holding ETH. ICOs ask for $x funding to achieve stated objectives, however, many now have much more than $x due to the increase in the price of ETH. Entities offering ICO tokens should offer a mechanism to return value to token holders if the US$ value of their ETH holdings from the token sale ends up being considerably above the value of the initial $ funding request and the ICO token is losing value relative to ETH due to an increasing ETH price. + + +Nearly all ICO token offerings have a hard cap limit in US$ and people have contributed ETH to meet the dollar target. The rise of the price of ETH has massively increased the value of the contributed ETH but the ICO token prices have performed badly relative to ETH. If you look at the [ROI of ICOs vs ETH column](https://icostats.com/vs-eth) (filter for ERC-20 only tokens) you can see that all tokens rapidly lose value relative to ETH as a result of the perceived value of the token and the older the ICO date. + +*What does this mean for ICO entities?* +They are holding, or will end up holding, ETH with a US$ value in vast excess of the initial US$ funding request. For example, the DigixDAO crowd sale in March 2016 had a cap of US$5.5MM and 1,700,000 DGD Tokens were sold in the crowd sale for ETH and 300,000 DGD tokens released to the Developers. The ETH collected is now worth [US$156,956,388](https://etherscan.io/address/0xf0160428a8552ac9bb7e050d90eeade4ddd52843). + +*What does this mean for ICO investors?* +If you hold ICO tokens from an ICO for a long period of time (1 year) there is a high probability you will end up being a bag holder sitting on a loss relative to ETH. + +**Is there a solution?** +Past ICOs and future ICOs should have a mechanism to return value to "investors" if they still hold ETH from the ICO and the ETH price has increased in value considerably above the initial ICO US$ funding request. There are a number of possible mechanisms to do this: + +- ICO entities could buy back tokens on the market and destroy or hold them. This is similar to share buyback programs of publicly listed companies to increase the value of shares. Tokens can be destroyed by sending to 0x0000000000000000000000000000000000000000 to reduce supply. +- ICO entities could destroy or quarantine tokens they granted to themselves as part of the ICO. +- ICO entities could return a percentage of ETH to current token holders. Similar to how Digix recently refunded ETC to their token holders. + + +Obviously, the price of ETH can also go down and there is risk with any strategy but if the trend is up then many ICO entities will be holding ETH that end up having a US$ value in excess to their initial ICO US$ request. If they care about their project community and token holders then they should propose a solution to this issue. There is also nothing stopping community token holders lobbying the ICO projects via various social channels. Public listed companies are lobbied frequently by shareholders to do share buybacks. + +*Disclosure* +In profit from ICO token buys and sells. Only hodling unicorn tokens long-term for sentimental reasons. + +*Addendum* +Vitalik has posted about the other problem with ICOs - [the token sale mechanism](http://vitalik.ca/general/2017/06/09/sales.html) + +Maybe I just read these subs too much but I’m increasingly pessimistic about BTC and bullish on ETH with every passing day. + +I feel like the speculation around BTC was based on the idea that it’d be a currency someday. It’s pivoted to the “digital gold” characterization but I feel like that was just fueled by overheated hype from the original idea of it as a currency. I don’t think the hype can be sustained. I mean, can we plan on Elon tweets for a decade? + +ETH on the other hand, has planned upgrades to make it an (even more) scalable and functional digital currency and a store of value, and is already a platform for an unlimited number of types of non-financial transactions. So I feel the interest and investment in it is inherently less speculative. + +Change my mind? +I’m a newer investor. I had a huge chunk of money in my savings that was sitting around doing nothing during the pandemic. I saw that oil prices were so low in Nov 2020 I knew that if we got out of Covid, that the world would be moving again. + +Long story short I’m invested in about 5 different oil companies and an energy ETF through vanguard. I am up 120%. + +(I do have and hold many other stocks and ETFs Tsla, apple, etc) + +I have family that has held energy stocks for 40+ years. And I worry about them and myself if we hold them too long. I will be inheriting them. + +My question is, in 20 years, do you think energy(oil/gas) will be a dead investment? Or do you think even though the energy transition, these investments should be safe? I wonder as these majors are planning other ideas (such as wind farms, etc). +Do 67 year olds use an SWR of 3-4%? If so, does that rate still work when your portfolio is in a much safer allocation, eg Target Retirement Fund? + +Follow-up: what asset allocation is required for the 3-4% SWR to not be considered a "failure"? +Xxxnifty - N$FW token + +Check out the official TG, to see where all the fuzz is about : https://t.me/xxxnifty_official + +1️⃣ Amouranth her OnlyPunk sold for $125.000 !! Let that sink in + +2️⃣ Launch of Alpha release of Pleasurely, xxxNifty's Adult Social Platform. (OnlyFans Social Like Platform, but way Better) + +3️⃣ They added different new teammembers to the core team With lots of experience and all doxxed +Total of 29 teammembers now , 29!! + +4️⃣ They announced a partnership with OnlyPunks , an algoritmic art project, crypto punks, but then adult +And this one is trending on opensea + +5️⃣ Team announced 2 Top 10 Exchanges on the way!! + +6️⃣NOfacegirl (NFgirl) top 19 on Pornhub , is branding all her new videos on PH with $N$FW and XXXnifty + +7️⃣ Stormy Daniëls joined as a Brand Ambassador , next to Nofacegirl and Amouranth and 6 others + +8️⃣ Stormy Daniëls is going to auction herself as NFT in the dress she wore when she dated him + the dress itself is an Unlockable by the NFT!!! + +✔️ Largest NFT marketplace in their space + +✔️700 Adult NFTs on their Marketplace + +✔️100+ creators on the platform to date (no matter of gender anymore!) Adding more daily + +✔️500+ NFT sales. Over 400 1of1's + +✔️ They launched the NFT marketplace i April 2021 and the token in may 2021 +So the project is really moving forward and the devs are working. Full time on this project + +✔️8 partnerships w/Agencies + +✔️8 Brand Ambassadors, with Amouranth and NOFACEGIRL and StormyDaniels +They have a huge social media followings , combined over 20 Million following + +✔️Deflationary Tokenomics benefit holders + +✔️Daily NFT sales + +✔️$25 million MC, 2 working platforms utilizing the utility of their native [NSFW] token + +1 : XXXnifty - NFT marketplace +2: Pleasurely- Social platform + +✔️XXXNIFTY is a registered business, meaning devs and team are all doxxed +✔️TechRate Audit approved +Quit your job and earn a living trading options (and/or derivatives in general). This is in response to another post that amounted to: the last two weeks being a good reminder that one couldn't quit their job and earn a living trading derivatives. First off, this tells me this person hasn't expanded their mind enough to understand what kind of markets derivatives can be employed in (aka, ALL markets based on the strategies deployed). I also assume this person has a largely bullish repertoire and isn't used to two sided markets (expecting them to be trading for less than 5 years total). + +None of that is to short change the author of the post - but to highlight the lack of overall understanding and experience. Work has been optional for me for the last three years now, that includes during the COVID meltdown. To suggest that someone can't make a living off trading places an unnecessary cap on what's possible or not. In their paradigm it may not be, but it's worth expanding that paradigm. + + I'm not saying it's easy to make a living off trading and we know the majority of active traders are not successful - that's why I highlight the importance of being an outlier. It takes effort and planning to develop the skillset and capital for it to be possible - but it is entirely possible. I didn't come from money in any sense. I had a single mom that struggled to support my brother and I. As a kid I was taught to screen for the debt collector phone calls so she didn't have to talk with them. Five years ago, I paid her house and car off because of the proceeds from trading. I'm by all accounts average. I implore you, do NOT listen to those who tell you that you can't - find out for yourself. +As far as I know, nobody has gone through every stock that halted between Jan 27 and Jan 29 of last year to determine if they may have been related to us or not. I won't be drawing too many conclusions here, there are a lot of companies to look at I am just looking for companies that had a massive spike and then drop at the same time as we did. I am trying to get eyes on this data. Maybe someone with more wrinkles can draw some conclusions. + +TL:DR + +* Looked at all tickers that had LULD trading halts between Jan 27 and Jan 29 2021 +* May have found some other stocks in the basket, needs more eyes to confirm + +I decided to download the NYSY LULD trading halts data for the last 2.5 years to see what I could determine about other stocks that may also be shorted by the same SHFs as GME. [Anyone can download a CSV with this data directly from the NYSE](https://www.nyse.com/trade-halt-historical). + +Here is what I found + +* Gamestop had at least one trading halt every day between Jan 22 and Feb 2 +* There were 31 trading halts across the entire market on Jan 22, 37 on Jan 25, 31 on Jan 26, 117 on Jan 27, 172 on Jan 28, 99 on Jan 29, 44 on Feb 1, and 14 on Feb 2 +* Gamestop was the only stock that had a halt on the 27, 28, or 29 that had a halt every day between the 22nd and the 2nd, headphone was the runner up with only the 22nd missing, however headphone actually had more halts than GME during the 8 days that GME was halting +* I found 29 companies that seem to have halts and similar behavior to GME in late Jan 2021. These companies are the following: AeroCentry Corp, Popcorn, Amesite, Armata Pharmaceuticals, Bed Bath and Beyond, Build-A-Bear, Cel-Sci, Dilliards, Discovery, Drive Shack, Elys Game Technology, Express, National Beverage, Fossil Group, New Concept Energy, Iron Mountain, JanOne, Lianluo Smart, Naked Brand Group, Nokia, Siebert Financial, Sirius XM, Sundial Growers, Tootsie Roll, Universal Security Instruments, ViacomCBS, Vir biotechnology) + +Below are two charts that help to show the halts during the sneeze. The first chart compares the total market halts to the total possibly linked halts, I Included us and headphones since we had the most individual halts of all the tickers that halted. The second chart breaks down all the tickers that I thought seemed to be linked. + +[Total market halts, compared to total possibly linked halts](https://preview.redd.it/zeqfhkejvr591.png?width=3133&format=png&auto=webp&s=4fe73252f9847436d43c4eb05894e2b1f93b412b) + +&#x200B; + +[All possibly linked halts broken down by ticker](https://preview.redd.it/h9dbfpckvr591.png?width=3133&format=png&auto=webp&s=76d0b7270b11f19472f121849c62b4fd0daa2962) + +Now I am going to go through every stock that halted around GME and see if they appear related. I will bold the ones that I think might be worth looking into. + +* **A-C-Y (AeroCentry Corp), ticker has since changed to M-T-M-T (Mega Matrix Corp). There is a very clear spike and drop around the sneeze, and the volatility seems higher after then before. Company has expanded into Metaverse and GameFi, so probably related. Had 10 halts on 28, and 2 on 29.** +* A-H-C (A.H Belo Corporation). Newspaper publishing company, only had a single halt on the 27th and doesn't match behavior, probably unrelated. +* A-M-A-L (Amalgamated Bank Class A), it's a bank, not related. +* **Popcorn. We already know this tends to move with GME, not much more that needs to be added. Only Halted between 27 and 29, 6-13-1 respectively.** +* **A-M-S-T (Amesite) tech/software company. Relatively new, only listed in September of 2020, but it had big spikes in Jan and June interestingly, both of these were slightly delayed compared to GME. The Jan spike happened on the 29th, and the June Spike happened on the 10th, which was the same day we went from 282 to 220.39.** +* A-M-W-L (American Well Corporation). Telehealth company, was also listed in September of 2020. Was still pretty volatile, so probably not related. 2 halts on 27th, none on 28 or 29. +* A-N-D-A-U (Andina Aquisition Corp.), now listed as S-N-A-X (Stryve Foods, Inc.) Seems to be a company with the sole purpose of merging with other companies, does not seem at all related. Only halted once on the 29th. +* **A-R-M-P (Armata Pharmaceuticals, Inc.). Biotech company, has the signature spike on the 28th and higher volatility since, but no spikes in March or June. 6 halts on the 28th adds to the argument that it is related.** +* **B-B-B-Y, we already know this related, Papa Cohen has bought in this year. 1 Halt on the 27th.** +* **B-B-W (Build-A-Bear Workshop, Inc.) stuffed animal store located in a bunch of american malls. Spiked on the 27th with one halt on the way up, dropped back on the 28th with 3 halts on the way down. Did not move with the rest of the more traditional short basket stocks after January. But definitely seems likely to be related** +* B-R-P-A/B-R-P-A-U (Big Rock Partners Acquisition Corp). Special Purpose Acquisition Company, trying to buy senior housing. Was volatile starting December 10 2020, and remained that way until delisted in May 2021, probably completely unrelated. 3 halts between the two separate securities on the 28th and 29th. +* C-A-C-C (Credit Acceptance Corp.). Auto finance company. Movement doesn't match the 28th spike, probably unrelated. 1 Halt on 27th. +* C-A-N-G (Cango Inc.). Chinese company dealing in auto transactions. Doesn't match and has several spikes significantly prior to Jan. Unrelated. 1 halt on 28th, 2 on 29th. +* C-G-I-X (Cancer Genetics) biotech company that was about to merge, doesn't match, 1 halt on 27th. +* C-G-R-O-U (Collective Growth Corporation Unit). Seems to be another Special Purpose Acquisition Company, has now been delisted and is trading OTC. Unrelated again. 1 halt on 28th. +* C-R-K-N (Crown Electrokinetics Corp.). Was listed in Jan 2021, early listing volatility was the reason for the halt. Unrelated again. 2 halts on 28th. +* C-V-L-B (Conversion Labs, Inc.). Changed tickers in February, unrelated to shorts. 1 halt on 28th. +* **C-V-M (Cel-Sci Corporation). Large spike on 27th, then large drop on 28th had 9 halts on 27th, and 1 on 28th. Could be related, but not completely clear.** +* C-V-R (Chicago Rivet & Machine Co.). Manufacturing company. Had a very volatile 28th, but probably not related, has had several very volatile days since. 3 trading halts on 28th. +* **D-D-S (Dilliards Inc.). Clothing retailer, spiked a bit earlier than GME, may not be related. 1 halt on the 27th.** +* **D-I-S-C-B (Discovery class B.). We know this was in Archagos' portfolio since it is one of the stocks that cratered when they got the call from Marge. Has since been delisted. 1 Trading halt on the 27th** +* **D-S.P-R-D (Drive Shack Inc.). Golf supply company. Had spikes in Jan and March that line up. 1 halt on 27th. Not entirely convinced, stock seems to be pretty volatile outside of the Jan sneeze.** +* D-T-S-S (Datasea Inc.). Listed in January, normal post listing volatility, not related. 1 halt on 27th. +* E-D-R-Y (EuroDry Ltd.). Listed in January, normal post listing volatility, not related. 1 halt on 29th. +* **E-L-Y-S ( Elys Game Technology, Corp.). Very volatile around period in question so can't determine for certain, but Ortex has multiple articles about short interest so it may be related. 1 halt on 28th.** +* E-R-I-C (Ericsson American Depositary). German telecom company listing on NYSE. I tend not to suspect that foreign companies are related but there is some definite odd behavior on the 27th. 1 halt on the 27th. +* **E-X-P-R (Express Inc.). American fashion retailer. Large volatility spike and then drop in the correct period of Jan. and also on June 2. 13 halts on 27th, 10 halts on 28th, and 1 on 29th. Almost definitely related.** +* E-Z-G-O Chinese transportation company, listed in Jan, been on steady decline since. Not related. +* **F-I-Z-Z (National Beverage Corp.). What they do is in the name, definitely have a spike and drop in the correct location. 1 halt on 27th.** +* **F-O-S-L (Fossil Group Inc.). Another fashion company with a spike and drop in the correct location. 1 halt on 27th and 1 halt on 29th.** +* F-U-E biofuel index. Not even considering +* F-W-P (Forward Pharma). Danish biotech company listing on NYSE. Not related. +* **G-B-R (New Concept Energy). Oil and gas company out of Texas. I wouldn't expect this to be related but it went from $2.30 to $30.99 and closed at $25 on the 28th before gapping down and closing at $11 on the 29th. Chart behavior seems to match but it doesn't make much sense. 1 halt on 28th, 3 on 29th.** +* ***GME (our favorite company). Is GME related to GME? Not completely sure... /s. 3 halts on 22nd, 9 on 25th, 5 on 26th, 3 on 27th, 19 on 28th, 1 on 29th, 1 on 1st, and 5 on 2nd.*** +* G-N-R-S-U (Greenrose Acquisition Corp.). Another holding company, not related +* H-M-C-O (HumanCo Acquisition Corp.). The holding companies keep coming, this one totally isn't run by a robot... volatility was from it being listed on the 29th. +* I-C-C-C (Immucell Corp.). Spiked on the 29th, and didn't drop nearly as much as the others, probably something announced by the company and probably unrelated, 3 halts on 29th. micro cap, low liquidity +* I-D-X-G (Interpace Biosciences, Inc.). Behavior doesn't match, micro cap company, low liquidity. +* I-M-T-E (Integrated Media Technology). Behavior doesn't match, Australian micro cap company. +* I-N-B-X (Inhibrx Inc.). Listed in Sep. 2020, was volatile prior to sneeze. Doesn't seem related +* **I-R-M (Iron Mountan Inc.). Data storage company, spiked from 25th to 27th, dropped back sharply on 28th. Could be related. 1 halt on Jan 27.** +* I-R-T-C (iRythim Technologies, Inc.). digital healthcare company Extremely volatile prior to sneeze, halt was actually a massive drop from 252 to 168 on the 29th. Probably unrelated but I am starting to see a lot of biotech companies on this list. 1 halt on 29th. +* I-Z-E-A (IZEA worldwide Inc.). Micro cap media marketing company. Started a run in Jan, doesn't seem related. 1 halt on 27th. +* **J-A-N (JanOne Inc.). Biotech company working on pain relief, massive spike on 27th and 28th before dropping back on 29th. Definitely seems related. 4 halts on 27th, 18 halts on 28th.** +* J-R-S-H (Jerash Holdings). Holding company for clothing, spiked on 29th, but not enough to make me think it was more than a fluke. 1 halt on 29th. +* J-U-P-W (Jupiter Wellness Inc.). Listed in October 2020, was still very volatile, probably unrelated. 1 halt on 29th. +* K-B-S-F (KBS Fashion Group Ltd.). Now listed as L-L-L (JX Luxventure Ltd.). Chinese luxury clothing company, does not match the pattern and isn't an american company so probably unrelated. 1 halt on 27th, 2 on 29th. +* K-E-R-N (Akerna Corp.). Weed stock, had a very volatile entire month, probably not related. 1 halt on 29th. +* K-I-N (Kindred Biosciences). Another Biotech company, was bought out a few months after the sneeze, was probably already in process and the spike doesn't match. 2 halts on 28th. +* **K-O-S-S (Headphone stock). We have long suspected a connection here, this stock actually had significantly more halts than we did over the period between the 22nd and the 2nd. It didn't halt on the 22nd, but did halt every day between the 25th and the 2nd. 4 halts on 25th, 2 halts on 26th, 26 halts on 27th, 21 halts on 28th, 11 halts on 29th, 2 halts on 1st, 2 halts on 2nd.** +* K-S-P-N (Kaspien Holdings Inc.). Ecommerce software company, micro cap. Had a larger spike on the 20th before another rise on the 28th, probably not related. +* K-S-U.P-R (Kansas City Southern). Has since merged and been delisted. Doesn't seem related. 1 halt on 28th. +* L-G-H-L (Lion Group Holding Ltd.). American listing of Hong Kong company, foreign company and doesn't match the pattern. +* **L-L-I-T (Lianluo Smart Ltd.). Biotech company was merged with Newegg, now listed as N-E-G-G. Doesn't seem related, the movement could have been related to the upcoming merger, but it did halt 16 times on the 28th and 1 more time on the 29th. Which could warrant further investigation.** +* M-A-R-P-S (Marine Petrolium Trust). It's a petroleum company associated with a bank, probably unrelated. 2 halts on 28th, 1 on 29th. +* M-D-L-Y (Medley Management Inc.) now listed as M-D-L-M. Financial institution, not completely sure what they did. Does have a spike in Jan, but had much larger spikes before that and is now basically delisted. 4 halts on 27th +* M-G-Y-R (Magyar Bancorp, Inc.). It's a bank, stock has very low volume, probably not related 1 halt on 28th. +* M-T-R (Mesa Royalty Trust). It's a trust, and it doesn't seem related. 1 halt on 28th. +* M-X-C (Mexco Energy Corp.). Oil company out of Texas. Doesn't seem related. 2 halts on 28th. +* **N-A-K-D (Naked Brand Group Ltd.). Has since merged with an EV manufacturer but kept the ticker. This was one of the stocks that had the buy button turned off, so we know it was related. 4 halts on 27th, 2 on 28th.** +* N-C-T-Y (The 9 Ltd.) Chinese game operator for WoW. Doesn't seem related from the chart. 1 halt on 28th. +* N-E-W-A (Newater Technology Inc.). Chinese water company. Doesn't seem related 4 halts on 28th. +* N-L-S-P (NLS Pharmaceutics Ltd.). Swiss biotech company. Was listed Jan 29, not related. 1 halt on 29th. +* N-M (Navios Maritime Holdings Inc.). shipping company, was starting a 3 month run, doesn't seem related. 2 halts on 29th. +* **N-O-K (Nokia). Buy button was turned off, definitely related, 5 halts on 27th.** +* N-P-A-U-U (New Providence Acquisition Corp.). Holding company, not related. 1 halt on 29th. +* N-T-N (NTN Buzztime Inc.). Had a merge in March, doesn't match behavior. 1 halt on 27th, 4 on 28th. +* N-U-Z-E (NuZee, Inc.). Korean company, probably not related, 1 halt on 29th. +* O-P-H-C (OptimumBank Holdings, Inc.). It's a bank and the pattern doesn't match, 1 halt on the 29th. +* P-B-L-A (Panbela Therapeutics, Inc.). Micro cap stock, very low volume, pattern doesn't match, probably unrelated. 1 halt on 27th. +* P-Z-G (Paramount Gold Nevada Corp.). Gold mining company. Pattern doesn't match, 1 halt on 29th. +* R-H-E (Regional Health Properties). Skilled Nursing company. Had spike in December 2020 and May 2021, doesn't seem related. 2 halts on 27th, 4 halts on 29th. +* **S-I-E-B (Siebert Financial Corp.) it is a holding corp for brokerages. Definitely matches the pattern, but could be a result of the sneeze and not directly linked to the shorts. 7 halts on the 29th.** +* S-I-N-O (Sino-Global Shipping America Ltd.) seems to be a Chinese shipping company, can't find the ticker anymore, probably not related though. 2 halts on 28th and 2 on 29th. +* **S-I-R-I (Sirius XM Holdings). Satellite radio company, spike matches, and company portfolio matches, probably related. 1 halt on 27th.** +* **S-N-D-L (Sundial Growers Inc.). Weed company, had a lot of chatter around the sneeze, probably related 3 halts on 28th.** +* S-R-A-C-U (Stable Road Acquisition Corp.). Value investing firm, has since been delisted. Pattern doesn't match. 1 halt on 29th. +* S-T-R-R (Star Equity Holdings Inc.). Another Holding Company, pattern doesn't match. 1 halt on 29th. +* S-V-F-A (SVF Investment Corp.) Listed at the beginning of Jan, just post listing volatility. +* T-D-A-C-U (Trident Acquisitions Corp.). Another merger company, has since merged. Very Volatile and pattern doesn't match. 1 halt on 28th. +* T-G-C (Tengasco Inc.) energy company, had merger in February, unrelated. 2 halts on 29th. +* T-H-M-O (ThermoGenesis Holdings, Inc.). Cellular Biotech Company. Pattern doesn't match, probably unrelated 1 halt on 29th. +* T-I-R-X (TIAN Ruixiang Holdings Ltd.). Chinese company listed in Jan, just post listing volatility. 5 halts on 27th, 7 on 28th, 3 on 29th. +* **T-R (Tootsie Roll Industries, Inc.). Yep, it spiked and dropped, almost definitely related. Also RC tweeted about them. 1 halt on 27th.** +* T-R-I-B (Trinity Biotech). Biotech company, doesn't match pattern probably not related. 1 halt on 29th. +* **T-R-X (Tanzanian Gold Corporation). Canadian gold mining company, was going to write it off, but the spike fits and then it bounced in early Feb again. 7 halts on the 29th.** +* T-S-Q (Townsquare Media Inc.). Media Corp. Gapped up during the sneeze, but doesn't fit the pattern. 1 halt on 29th. +* U-N-A-M (Unico American Corp.). Insurance company, with micro cap and low volume, doesn't match spike pattern. 1 halt on 27th. +* U-S-E-G (US Energy Wyoming). Energy company, has multiple spike then drops far outside of the expected range. 2 halts on 28th. +* **U-U-U (Universal Security Instruments, Inc.). Home protection company. Has spike at end of December before another one during the sneeze that seems to match. 1 halt on 27th, 9 on 29th.** +* V-A-C-Q-U (Vector Acquisition Corp.) some sort of financial company that merged with Rocket Lab (the small sat launch company). 1 halt on the 28th, but for a drop, probably unrelated. +* V-G-A-C/V-G-A-C.U (VG Acquisition Corp.). Genetics holding company, has since merged with 23 and me. Pattern doesn't match. 1 halt on each ticker on the 27th. +* **V-I-A-C/V-I-A-C-A (ViacomCBS Inc.). Was also in Archagos's portfolio. Doesn't really fit the pattern, but again, it was in Bill Hwang's portfolio so who knows. 3 halts on class B, 2 on Class A all on 27th.** +* **V-I-R (Vir Biotechnology, Inc.). Biotech company, has spike in correct place and then drop after, could be related. 2 halts on 27th.** +* W-A-F-U (Wah Fu Education Group Ltd.). Chinese Holding Company, doesn't match and is a chinese holding company so probably unrelated. +* Y-G-M-Z (MingZhu Logistics Holdings Ltd.). Chinese shipping company, founded in late 2020, probably just post listing volatility. +After we have had a bit of a relief, now shit us actually getting real as we are going to enter probably one of the worst or at least most interesting week for the stock markets, crypto and the world in general. So you gotta keep an open mind throughout the week and be ready for everything. Here the list of most important events: + +1. Earnings, a lot of Earnings. As it's earnings season right now at the stock market and we already had a dull with snapchat falling -35% and losing billions. Now it's actually getting real with much of big tech like Apple and Microsoft reporting. Bad will cause stock markets to melt and with a high correlation also crypto. + +2. FOMC. This is probably the biggest event of the week where we will actually get our rate hike, whether it's 75bps or 100bps is to be seen. A 100bps would definitely cause havoc over the markets as already a 75bps last month did make markets melt. + +3. GDP Q2 numbers, this could be the most important event too if its done in this week, which is not exactly clear yet (may be early August) but if the Q2 number like the Q1 number would be in the minus then the US would officially be in a recession and even if most economists knew that, the constant lying from politics could have made it unclear for many. + +4. A recently added event is the US dividing whether they should declare an health emergency over monkeypox. Just now the WHO declared one and Biden administration said to do it on Monday. I'm not expecting it to be big news but certainly some minor panic. +I am a woman and care about FIRE, want to see if other women are leading the charge here, if so curious to hear what your occupations are + +Edit 1: AMAZING! loved reading every one of your stories, I'm so inspired. Thank you for sharing. + +Edit 2: When I said "head" of household I just meant loosely someone taking the lead on finances (earning and/or planning and/or saving). I've just heard too many stories of "I introduced FIRE to my girlfriend" stories I wonder if I'm the only girl who's totally obsessed with this. I am so pumped to see so many women taking the lead on owning their finance future and taking a fucking lead in crushing life!! You ladies ROCK!!! + +Edit 3: okay last comment: we have some seriously eligible bachelorettes in this thread: ambitious, smart and killing it in life. +For all the billions of dollars paid to developers, mainframe computers, dedicated servers, electronics and communications engineers, mathematicians, finance professionals, psychologists, economists, and regulatory bodies, the retail investor simply had to do one thing to beat it: to take away the fuel that keeps it running: the real shares that it rehypothecates to flood the market with tons of phantom shares while taking the real hard-earned salary of your everyday retail investor, keeping the real price suppressed. + +It was elegant and terrifying in its simplicity. +Not quite sure if this is off topic, sorry if it is. + +I was with my ex for 4 years. We had issues from the beginning, but I had low self confidence and this was my first relationship, so I put up with things for way longer than I should have. + +I'm decent at budgeting and saving money; the same cannot be said of my ex. Over the course of those 4 years, we racked up several debts, missed payments left and right, and co-signed for each other's cars. + +We lived together for almost the whole 4 years. But last summer was when things went downhill fast. My ex was the one taking care of bills, but one month the cable, car insurance, and rent all went unpaid. + +I was furious. My ex had actually moved out at this point (and was lying about wanting to come back) so we were communicating solely via text. I hounded them constantly about repaying the money, but in the end it was me that had to work my ass off and go hungry so things got paid. The last time I mentioned that I thought my ex should pay me back for all the money they stole, I got berated and told that "I should watch what I say, because I own you." + +I didn't speak with my ex for 3 months after that. Eventually they texted me and apologized, but I was over it all. They weren't going to change, and I was done trying. The last I heard, they'd gotten married and moved from the east coast to Nevada. + +I got on with my life. I got everything I could in my own name and started saving. I moved back in with my parents and saved even more. I paid off a creditor last month and set up a payment plan for my student loans. I'm doing alright now. + +The one thing that still has my ex's name attached is my car (and my name to their car). The car is still owned by the bank, which to my understanding means I can't get my ex's name off of it. But all of a sudden, my ex is missing payments. Three since February, to be exact. My credit has taken a serious dive. I'm pissed off, because now all of my hard work over the past 6 months is going to shit. + +I'm not sure what the point of this post is. I mostly just wanted to vent, but any advice anyone is willing to offer would certainly be appreciated. Ultimately, I'm going to have to text my ex, which I've avoided up to now. You know that sensation you get in your stomach just as you go over the first drop on a roller coaster? I used to get the same feeling when my text alert when off because, chances were, I was getting gaslighted, accused of cheating, or blamed for something I didn't do. I'm stronger now than I was, but the thought of having to possibly go through that again is keeping me from dealing with this issue. + + +Edit: Thank you everyone that replied and offered advice and/or support. I'm honestly not sure what my best option is, but at least now I have options at all. I contacted my ex's mother in the hopes that she might be able to get through to them, and I'm looking into the details of the loan to figure out a game plan from there. I really appreciate how helpful everyone here is! +Fellow apes, I know many of you, me included, have been through some tough days and hours. Many of you might even have stopped eating crayons or worse: sold your $GME stocks with huge losses. + +I want to use this chance to tell you that not all is lost. Nothing is lost (until you sell in fact!). Of course I have no idea what I'm talking about - I'm really no one to trust in financial advice, so be aware. + +But still I am using all these fancy indicators and am wondering why everyone is complaining. Trends in stocks need corrections, that's basic DOW-theory. And how much do they correct in general? A 0.5 Fib-retracement correction is very usual in almost all trends. They even sometimes correct a fib-retracement below. + +So when you're looking at my chart now (very fancy, colors!, buy!) you will see that we're pretty exact around that retracement now. Furthermore price tried to go under EMA50 but directly went up again to the exact position of EMA50. Where are we now? Correct, almost at EMA50 but NOT below. This is a hell of a support and we're not letting it fall below my fellow apes! + +Furthermore EMA100 and EMA200 are still showing upward movement, which is also good. + +Last but not least MACD aims for its zero-line and might turn positive. You ask when? Hm, if you look at the MACD trend it might be soon! + +As you can see, from my perspective everything is still fine. For disclosure, I'm stuck in the upper 300s in GME, and I won't sell before we reach at least four digits! + +TL:DR: Trend is still fine, EMA50 is holding like a son of a bitch and we should see some upward movement soon. I like the stock and you should like it too. + +&#x200B; + +[My technical analysis on $GME](https://preview.redd.it/rwn267m02un61.png?width=2091&format=png&auto=webp&s=09182b5399332de89d5a0db97254e1762fad8278) + +Edit: Some of you have pointed out we shouldn't put dates on our analysis and I must say I agree. Although I see a very good chance of upward movement soon, we shouldn't link this to today or Monday. This might be a long time play, just see when DFV started posting about his YOLOs, this wasn't for the short term. +I know there have been very many applications sent to Polo to add DGD. Did anyone get a response? + +With the coming release of Digix 2.0 nearly here and DGX hitting the scene it seems like a no-brainer to me. + +Why would Poloniex add an Ethereum based token say like REP and not DGD? + +**EDIT** https://m.poloniex.com/coinRequest + +FYI Bittrex is the next best exchange that lists DGD. +Also OasisDEX as below +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! + +I would like to preface this by saying I am extremely lucky to be in this position and grateful to my company. + +**About me:** + +* Married, 30M, no kids. Wife is 28 (F). +* Living in the Bay Area and don't plan to move due to friends and family. +* Wife left her long distance job ($85K/year) +* Net worth: $3.5M (stocks + cryptos + 401k) +* Side income: $800/month from real estate (1 primary and 2 rentals) +* Annual income: $2.2M/year for the next two years (mainly RSU) before I get a stock vesting cliff +* Expense: mortgage: $2.5K and spending $4K monthly +* Both my wife and I live fairly simple and don't expect lifestyle inflation. + + +I am working in tech. Between promotion and stock appreciation, the next 2 years will be the peak of my income. I have been at the company for over 5 years. I still love my job and my team -- This is all my own internal conflict and has nothing to do with my current company. However, my passion for coding is slipping away and I feel very demotivated. I am worried this will only get worse over time. I have always wanted to do a startup of my own. I feel unhappy pulling routine 9-5 and guilty for not focusing at work and thinking about the life after. I am well aware that I may never make this same amount of income again. + + +**My plan:** + +* After 2 years, I will definitely quit since the stock vesting will cliff dramatically +* Stay put for now and keep getting more side projects / rental income so I can make around $3K/month passively before evaluating if I want to quit within 2 years +* I will take 3 months off and then start on my side project startup after that. I am the extremely anxious type so I won't be FIRE for long before I want to jump into a new side project of my own. + +**Questions** + +* Would you consider quitting within my next 2 years? What's your story? Understanding this is a personal decision but I would like to hear different perspectives. + +**Edit 1**: Clarify my plan and question +So what’s going on at moment. I’m not in finance and I don’t have much of a clue about the market to be honest. We are saving to move away from the city (I don’t really like living in Melbourne and have had enough). I refuse to pay 800k for a 500k house because everyone 2 years ago was saying buy asap!!!!. I have literally heard colleagues say housing prices will not go down.............. + +Sometimes people give me some weird looks when I say the property market is hyper exposed. I personally know people who have taken out 900k loans to buy places in the city with low interest rates and normal incomes. I feel like my generation 30 year olds don’t really know what a hard recession or housing crash looks like. My folks have seen housing crashes. + +Like I said I’m no finance guru. This all just seems like a powder keg to me. I feel like the fomo has bitten people hard. They over paid, took out massive loans on low rates. The fact rates are not going up seems odd. This is just from a keep it simple approach. Where there is smoke there is fire. + +So my question is what happens when the rba bumps up these rates? What do r/ausfinance crew think is going to happen. + + +Forgive my naivety - I thought the idea of a variable interest rate is that it varies? + +I have an ING investor loan at 2.79% and they’re advertising the same product now at 2.34%. I called them and asked them if I can get the same rate and the best they could offer was 2.54%. - even after I warned them I would move to a competitor who’s offering 2.14% for a similar product (homeloans.com.au). + +To get my rate at where it is now - 2.79% - I had to haggle them with the same process. + +The reason they mentioned they couldn’t do better this time is because of the rate of interest at the time I got the loan (five years ago). If that logic holds true then they wouldn’t ever need to raise my rate. + +Is this just an excuse and the banks are counting on apathy/ignorance/complacency to get away with overcharging customers? Or am I missing something? +My spouse and I moved into a small 3 bd house in a HCOL city shortly before the pandemic which felt like a bit of a stretch for us financially at the time. We were also moving from a small 1 bd apartment, so it seemed huge. Since then a dog, a kid, visiting family and the thought of more children have made it feel smaller. Our financial situation changed drastically not long after we moved in and we hit our FatFIRE number, though we’re both still working full-time and plan to for the next few years. + +We want more space and were able to agree on a set of criteria for our dream home. But, we’ve spent the past \~12 months looking at properties and can’t find a place in our city we like that is less than 3x the cost of our current home. While we can probably afford that (particularly while working), we don’t want to stretch for it and don’t love the idea of friends and colleagues knowing we spent that much. Part of the problem is that we love our location and there is very little turnover in our neighborhood. + +So, we’re considering a near-tear down of our house — moving a staircase, expanding the footprint into the backyard and adding a half-story. While I don’t think this is a particularly sound investment decision (we’d for sure have the most expensive house on the block and we’d have to rent something else while it’s being built), it’s still cheaper than buying something we do like and my concerns are mostly non-financial: + +1. that in the 3 years it’ll probably take to build, something drastic might change in our lives that makes us want to live elsewhere +2. stress and strain on our marriage +3. angry neighbors + +We only really have a plan for mitigating #2: trying to be heavily involved in the design phase (we’re working with experienced architects who have gotten approvals for similar projects in our city) and then hiring a lawyer to manage permitting (which maybe provides some small insulation from #3) and a project manager for construction, so we can do our best to forget the project is happening once it’s started. + +If you did something like this, do you regret it? And if not, do you have any advice for managing the project? + +Thanks in advance! +/u/climb_the_wall over at /r/AMD_Stock submitted a very curious scenario that has me completely stumped. Wanted to reach out to /r/investing to see if you cats could shed any rational light on the below situation?? + +Thanks in advance + +Cheers + +**-edit** Thanks to /u/Rizo24 & /u/BoredAccountant for breaking this down. + +tl;dr + +"He took the shares out of a trust he owns. The transaction code on this is "J" which is a distribution, not an open market purchase." + +----------------------------------------------------------------- + +"During my routine DD (due diligence) yesterday regarding AMD institutional and insider holdings/purchases/sales I stumbled upon something very interesting. It seems on Aug. 29th an AMD board member director named Nicholas Donofrio PURCHASED 69,100 shares at $7.68 per share equaling ~$530,000 ! [Yahoo Finance](https://biz.yahoo.com/t/16/4114.html) , [Nasdaq link](http://www.nasdaq.com/symbol/amd/insider-trades), [direct pdf of SEC filing](http://services.corporate-ir.net/SEC/Document.Service?id=P3VybD1hSFIwY0RvdkwyRndhUzUwWlc1cmQybDZZWEprTG1OdmJTOWtiM2R1Ykc5aFpDNXdhSEEvWVdOMGFXOXVQVkJFUmlacGNHRm5aVDB4TVRFeE56WXdOQ1p6ZFdKemFXUTlOVGM9JnR5cGU9MiZmbj1BZHZhbmNlZE1pY3JvRGV2aWNlc180XzIwMTYwODMwLnBkZg==) + +This is interesting and important because while it's common for executives to receive free stock options as part of their normal compensation package (and sell some of those free stocks to finance a purchase of a car or new roof, college tuition, whatever) it's unusual for a PURCHASE to occur, let alone one to occur BEFORE a stock offering and the Global Foundries amendment. + +So what's going on? Why would this director purchase essentially on the open market RIGHT BEFORE A STOCK OFFERING?! $7.68 per share corresponds with the Aug. 29th trading day range. The director Nicholas Donofrio is also no dummy. + +Nicholas Donofrio is currently on the board of AMD, on the board of New York Melon Bank, on the board of Delphi automotive, he was also on the board of IBM for many years, along with a regents board member for Connecticut. By all accounts Nicholas Donofrio is well versed in finance, in technology, and from his stock compensation the last 20 years VERY well versed in trading. + +So what makes him so confident that he would be willing to purchase at $7.68 DESPITE knowing a stock offering and Global Foundries amendment were just about to be released which would undoubtedly impact the stock negatively? + +My assumption is he is extremely confident in either Zen, Polaris, or perhaps even Q3... The timing of the purchase is very peculiar. He could have easily purchased after the stock offering, he could have easily purchased after Q3 (if he assumed Q3 would be negative). But instead he choose to purchase at nearly the 52 week high.. So what does this guy know that we don't? + +Given the guy is VERY wealthy so perhaps half a million dollars is of no consequence to him. However if you look over his trading history, you will notice he has made VERY FEW purchases with his own money in the last 2 years all between $4,000-5,500 which frankly is chump change. At $530,000 AMD is definitely the outliner here. He also routinely receives free AMD stock through normal compensation package, why purchase on his own? +But why have no articles been released on this? Why is this the first I'm hearing of this and had to find it myself? Normally this is news that is published immediately. It's quite perplexing to me to say the least. +My only guess is he purchased at the high to prevent any accusations of insider trading (which he was accused of but never convicted of during his time with IBM). No one is going to accuse him of trading on insider information if he buys at the high right before a major stock offering. It's also extremely unlikely that a board member wouldn't know about a stock offering and the Global Foundries amendment. Board directors are the first to hear about this kind of thing and this must have been in the works for at least some time. + +So what gives? What am I missing from this equation? What is everyone's thoughts on this?" +I'm worried that someone could steal my credit card and spend a ton of money all at once. Of course I would be alerted immediately via email and report it, but it wouldn't be fun to deal with I assume. I'm 24 yrs old without any large assets and I don't really to charge all that money at once I guess. + +Edit: Thanks for the responses everyone. The increased limit looks to be a good thing. FYI, I am a responsible individual with plenty of self-control when it comes to spending. +California-based hedge fund Ikigai Asset Management had a "large majority" of its assets on defunct crypto exchange FTX, according to the firm's founder and chief investment officer Travis Kling. + +"Last week Ikigai was caught up in the FTX collapse. We had a large majority of the hedge fund’s total assets on FTX," Kling said on Twitter on Monday. "By the time we went to withdraw Monday mrng, we got very little out. We’re now stuck alongside everyone else." + +In his Twitter thread, Kling said that in the near term, the company would continue trading the assets it has that are not stuck in FTX, and also make a decision about what to do with its venture fund, which was not affected by FTX. + +He noted that there is a lot of uncertainty about the timeline and potential recovery for FTX customers. But at some point, he said “we’ll be able to make a better call on whether Ikigai is going to keep going or just move into winddown mode.” + +Regarding Ikigai’s investors, Kling wrote that he’s been in constant contact with them since Monday, and took full responsibility for the potential loss of funds. “I lost my investors’ money after they put faith in me to manage risk and I am truly sorry for that. I have publicly endorsed FTX many times and I am truly sorry for that. I was wrong.” + +Ikigai was founded in 2018 and raised $30 million from its existing investors to start a new venture fund in May. According to a press release about the raise, Ikigai had more than 275 investors around the world. + +As for where crypto in general goes from here, Kling wrote that “It’s obvious now that the space has not done enough to identify and expel bad actors. We’re letting way too many sociopaths get way too powerful and then we all pay the price. If Ikigai continues on, we pledge to fight harder in this regard. It’s a fight worth fighting.” + +Ikigai did not immediately respond to a request for additional comment. + +Sauce: [https://www.msn.com/en-us/money/news/ikigai-asset-management-had-large-majority-of-assets-on-ftx-unclear-whether-it-will-be-able-to-continue/ar-AA146tek](https://www.msn.com/en-us/money/news/ikigai-asset-management-had-large-majority-of-assets-on-ftx-unclear-whether-it-will-be-able-to-continue/ar-AA146tek) +If you have a made profit, exercise or sell your options and buy actual stock. The rest of us have been doing all the work and you are collecting the profit. Do not forget about us who bought @ $400 - $300. + +In order for this short squeeze to work we need everyone to stand together and buy up all the shares being sold by short ladders and paper hands. Once only diamond hands own all the shares then the price will skyrocket, but that won't happen if you stay on the sidelines. + +Not financial advice. +I know, I know, I'm about 4 years late to the controversy, but what in the flying ****. No surprise as power and corruption tend to be synonymous, but either this needs to be fixed, or I need to be elected to Congress. ( ‾ʖ̫‾) +*An important event has happened in the history of bitcoin. Now the one-millionth part of the Bitcoin supply is worth $ 1 million.* + +**Anyone who owns 21 bitcoins, or one millionth of the total supply, is a millionaire today.** + +https://preview.redd.it/lwe5w4haqzl61.jpg?width=2300&format=pjpg&auto=webp&s=c8f6eb374315493f477bb1014cbaf59107116364 + +Back in 2017, financial publications announced the emergence of a group of crypto enthusiasts “hunting” for exclusive membership in the “[*21 Million Club*](https://www.businessinsider.com/bitcoin-21-million-club-more-exclusive-by-the-day-2017-12)”. Also over the past years, there have been many forum posts about people who have finally ended up in the exclusive club of owners who own one bitcoin (BTC). The r / Bitcoin subreddit has [a whole topic](https://www.reddit.com/r/Bitcoin/comments/1q8uv3/owning_1_btc_is_slowly_getting_out_of_reach_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) dedicated to those wishing to accumulate 1 bitcoin. + +*Each member of the 21 million club who owns one BTC now owns exactly 0.0000047619% of the total BTC supply*. + +Members of another club of crypto millionaires, who managed to collect 21 BTC or 0.0000999999% of the total limited supply of bitcoins, join [the 21-BTC CLUB](https://21-btc.club/). Membership in the club is informal and symbolic. Club members are recommended the best crypto wallets, among which Trezor is in the first place, the best exchanges, they teach how to pay taxes correctly and share the best information resources on the topic. + +*Many people ask why Satoshi Nakamoto chose the 21 million Bitcoin emission limit?* There are many versions. + +For example, Ph.D. Christian Seberino explained in 2018 that Satoshi most likely chose 21 million in order to “use floating point arithmetic.” You can read more about this [here](https://medium.com/@cseberino/why-21-million-bitcoins-was-a-great-idea-bd2533af0f63). + +However, according to e-mail correspondence between Mike Hearn and Nakamoto, the inventor of bitcoin has chosen a limit of 21 million to match the M1 money supply of fiat currencies such as the euro and the US dollar. Back in 2008, when Nakamoto published the White Paper, the M1 money supply was roughly $ 21 trillion. By simple calculations, we get the predicted Bitcoin price of $ 1 million by Satoshi Nakamoto. + +“*I wanted to choose something that would make prices similar to existing currencies, but not knowing the future, it is very difficult. I ended up choosing something in between”,* Nakamoto said in an email to Hearn. + +Summarizing all this information, we can assume that even **owning 0.1 BTC will make any person a dollar millionaire during his lifetime**. Not to mention the fact that having collected 21 bitcoins, a person will automatically enter the 1% of the richest people on the planet. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hello, + +I hear in invest reddit, ethereum will never reach $1000. I worry this true. Can please discuss why or why not this will become truth? + +I know they know not much about space, but I am new and would like to hear both sides. I see we are up this year but would like to generate discussion. + +I would also like to thank all the people for upvoting me to be able to post. Thank you very much, I am excited to be a part of this wonderful community. Thank you. +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! + +On one hand, I lament the obvious negative sentiment these new investors now have towards the Crypto industry. They were led down the path of hopes, ambitions and overnight riches and now they're left with millions or billions of virtually worthless tokens. + +In one day, against the context of a surging Crypto Market, Safemoon stands alone in a sea of green as the sole red Crypto. **In one day, the price has collapsed 36% - 22% in the last hour alone.** + +This stands as a sombre warning, which will be routinely ignored by the next wave of manic investors looking for an overnight 16,000% + +And yet, on their subreddit, a queue is forming to dump yet more BNB and help the whales exit at a higher price. It's sickening. + + +So on the other hand, I don't feel bad for pointing it out. I don't feel bad for the "I told you so". And I don't feel bad for the schadenfreude I am experiencing. + +Myself and many other Crypto enthusiasts gave repeated, genuine and compassionate advice on the huge red flags, which were routinely ignored or thrown back in our faces. + + +Safemoon investors - you made your bed, lie in it. +I am fed up. These freelance platforms are taking so much of my freelance income. I really like to find jobs on these platforms but some of them just take out so much money, especially when I am based in an area where the income is not very high (I know, you have to pay your taxes, but you don't have to pay 24% to middlemen like Upwork, Fiverr, PayPal). + +Where can I earn Bitcoin for my online work without paying so many fees? I do a lot of art, web development, social media, and marketing. Anyone else fed up with these damn fees? + +Edit: was suggested /r/Jobs4Bitcoin, [Grindez.com](https://Grindez.com), any other suggestions? +In a 24 year old living in Manchester +earning £33k p/y in finance. I want to create more income streams for myself for long term benefits but not sure what to look at and where to start. Any advice from people with experience in setting other streams up would be appreciated. +Been in Crypto for a pretty long time and I have been using Coinbase for just as long. This is the most annoying thing ever! Why does this always happen, when the market starts to move. It always happens, when something big is about to go down and I feel like they know something we don't.. + +Coinbase seems to always go down during the most crucial times, I'm not sure what they are doing during these times, but its very weird and suspicious.. + +I'm glad to have Coinbase as a service I can use and it is a privilege, but them going down all the time sucks. People can't buy or sell.. + +We just want to be able to access our money when we feel like it. 🙌 +Hi guys, + +Many have argued that inflation had peaked but have been wrong time and again. + +Now there are calls for a peak once again but is this really true? + +In retaliation to price caps, OPEC has decided to cut oil production. + +Less supply of something places upwards pressure on prices. + +Higher oil prices = higher core inflation. + +Everything is powered by oil so when it’s price rises, that higher input cost gets offloaded to the end consumer in the form of higher prices meaning higher inflation/CPI. + +So, have we really peaked or is this just the beginning? + +Thanks, Rick +Throwaway because people I know follow my public reddit. + +&#x200B; + +Ok - I would like to see if there's anyone that would be so kind as to explain to me the financial implications on me not buying a flat with my long time girlfriend. This is has become quite a point of contention with my parents and I, and I honestly just want to know the facts. My parents are telling me that if my girlfriend bought alone (as she would prefer), that this could potentially have very poor financial implications on me - potentially really rather dire ones, years down the line. I have very little working financial knowledge of the real world - I'm still at uni and have honestly never worked a day in my life. Apologies if this comes off a bit highly strung, but I'm looking for some information that I'm clearly missing but just won't be given straight - I am 100% aware of my ignorance and that there is much I likely do not know. + +&#x200B; + +Here's the context and financial situation: + +My GF and I are highly committed to each other - been together for almost 7 years. Love each other hugely - expect to get married in the coming years; want to spend our lives together. + +I am a final year medical student - will start working as a doctor in August time (I'll be earning \~28k, rising incrementally about 2-3k a year or thereabouts). I own a flat (worth £250k), which I bought after a family member gifted me a large amount of money. I rent it out for about £1k a month. + +My gf is from Spain and works in tech - earns about £45k; expect that to rise to around 50-60k over the next 10 years or so. She is settled here, having lived here since uni days - she has permanent residence in the UK now. + +&#x200B; + +My GF wants to buy a property, but wants to buy it alone. It would be the property we both live in for the foreseeable future. With a great deal of help from her parents, she would be about to buy a \~£450k property, with as big a mortgage as she can afford, effectively. + +We did discuss buying it together - I would sell my flat to put towards it and we would make sure that legally we are both fine (owning and contributing to the mortgage totally fairly etc) - but she does not like the idea of combining our finances at this point. I'm totally fine with the idea, but she fears that if something were to happen (who knows what life brings), and we split up, we would have to sell our combined property, and that just makes her feel a little uneasy and vulnerable given that she doesn't really have anyone in this county other than me. Me, on the other hand, I have my family here should anything go tits up and we had to move out of that combined house. That being her feeling, I'm totally fine with it - I see the wasted potential of us not buying together now, but it's a bullet I'm willing to bite for her peace of mind. We have ambitions of eventually buying somewhere together, that we both own and live in together - perhaps she would sell her place (that we'd be living in) and I'd sell mine - who knows when. Right now though - she wanted to buy a place that she owned, so that she could save on paying ridiculous rent prices. + +&#x200B; + +As far as I was concerned, the potential financial issues are: + +\- That I would be living in the property that she is financially benefitting from (she owns the property), yet I may get unnecessarily lumped with all the negative payments (bills, food) - so it would be all downside for me. We talked about this - we would make sure that all bills (not the mortgage obviously) would be split equally; so that she isn't getting all the upside and me all the downside. Perhaps there's something I still missing here though? + +\- that we are missing out the greater benefit of investing together to buy a bigger property; this is undeniably true. As above, something we're fine to missing out on for her personal security of mind. + +\- That should she buy alone, then we decide to buy together only 5 years later or something - that'll be a lot of wasted house moving payments of various kinds on her part + +\- That I will be paying a higher tax band due to the additional rental earnings on top of my doctor salary, which would obviously be negated should the value of my rental property be sunk into a joint property purchase. I don't really know the implications of this truly. + +&#x200B; + +It's worth mentioning, her parents are totally financially independent to one another; mine are the complete opposite. I don't really have much bother one way or the other - I just want us to be financially sound. My gf does want to remain entirely financially independent from one another, i.e. bank accounts and what not - this is fine by me. + +&#x200B; + +The way my parents are talking, it's as if there are some absolutely huge raging red flags that clearly me and my gf are utterly oblivious to. Neither of us are experts at all with finances, and this just seemed like a fairly reasonable decision for her to make. It seems to us that it might not be 100% ideal, and we could definitely do better in the long run by buying together now - but if someone could enlighten me I'd be over the moon. +Hi all, + +There’s a post on the sub currently about escaping the 9-5, I’m asking the opposite. + +What 9-5 would you recommend? I’m looking to get out of hospitality and get into something with regular hours and schedule. +Hi, I really am looking for a bit of general information about what people do at the end of their mortgage. Do they discharge the mortgage? I have read advice saying switch to interest only and leave $500 in there. That way you have access to some low interest funds. I am close to finishing mine. I'm not a big investor and don't really know what to do afterwards. Sorry I'm not very knowledgeable with terms and stuff, I will probably have to google some of the suggestions. Tha ks for your time. +Despite dire predictions about the end of the JobKeeper wage subsidy, there are now fewer Australians relying on the dole. + +The number of Australians on the dole fell by almost 20,000 after JobKeeper ended, fuelling the Morrison government’s optimism that the economic recovery is progressing more quickly than expected. + +https://www.heraldsun.com.au/coronavirus/number-of-australians-on-the-dole-falls-after-end-of-jobkeeper-wage-subsidy-scheme/news-story/5121d1b91755dd146560692676e4d764 +Who is getting married? Loopring and GameStop. He put a ring on it, finally. Ryan is getting ready for his wedding night with Loopring. They're going to register at ComputerShare and we're all invited to the wedding. The reception is going to be lit. I hope he gets MO-ASS on his wedding night. + +edit: this is also a penis-related post, so bullish. +I imagine a drab and censored existence during the USSR era. Economically, I was told that everyone owned the exact same amount of things and earned the same amount of money. Even an MD earned as much as a janitor. This sounds repulsive to me. However, I've been exposed to others who told me that: + +* 1. Given their low GDP levels, their HDI was quite high. +* 2. Everyone's basic needs were meant. Nobody went hungry, everyone had a job to do, everyone had social structures, and everyone had access to education and healthcare. + +Is this true? What were the benefits of the USSR's communist economy, and was poverty eradicated in Post-War Soviet Union? +Hi everyone, for one of my classes i am having trouble grasping the whole idea of Demand/Supply shocks along with Sticky/Flexible prices. I am just confused on how they impact these shocks, any help would be greatly appreciated! +Wouldn't this cause a shift from labor to capital investment and cause more unemployment in minimum wage positions, undermining the original purpose of the $15 minimum wage? +I lurk on r/economics and often see comments about how stock market isn't reflective of the wider economy. + +But in my head stock market does well when businesses listed in the market do well, which only happens when consumers are confident about their finances and are willing to spend on items rather than hoard cash, which only happens when the economy is doing well. + +I don't have much knowledge of economics by any means so happy to learn. +If you can explainitlikeimfive and teach me any problems with this analysis without roasting me, that’d be great. + +so in 1990, according to google, there was about $1 trillion usd in circulation. and gas was roughly $1.15. + +in 2020, according to google, we’ve got $37 trillion usd in circulation, and gas is 2.52 in january. + +1 trillion to 36 trillion is a 3,600% increase. 1.15 to 2.52 is a 119.1% increase. + +so...relative to the total money in circulation, doesn’t gas cost a significantly lower portion of it than it did 30 years ago? + +this seems way too simple. there’s no way that’s a valid assumption and i have to be missing something. +I am sure I will get a response saying "that's the point of companies idiot" or "the market isn't perfectly efficient" but there definitely feels like there is more to this problem than is obvious. +Does anyone else think the media is making a lot out of China’s recent reported 6.2% growth rate? I know it’s the slowest growth rate since 1992 but this would still put China amongst the top 20 in the world in terms of economic growth rate and many of the growth rates ahead of China are inflated because of already depleted developing economies experiencing growth (Libya as exhibit A). + +Despite all the tariffs and controversy regarding data privacy and the bureaucracy I still believe 6.2% is a significant growth rate for what is already the 2nd largest economy in the world. Keeping in mind India, projected to be the most populous country in the world, did not significantly outperform China’s economy in real GDP growth rate percent despite only generating a 7th of real GDP that China does. +Bill DeBlasio along with other Democrats are floating ideas of passing laws requiring equal pay for female athletes. What are the likely economic consequences of such a law? +Both India and China represented a massive share of the world's wealth prior to the 18th century, with the size of both regions' economies being roughly similar throughout the Mughal/Ming empires. What happened during the 20th century that caused the disparity we see today? Was it largely a matter of colonization, or did post-colonial governments also play a role? +let's say people started saving like crazy + +would that be bad for society? I am thinking in terms of a developing society in terms of new buildings, roads etc I mean if there's less money in the economic cycle, wouldn't that mean less work because people aren't paying for services? + +sry if stupid thought, was just curious +I read that the Central Bank is able to control the money supply via Open Market Operations where it simply ‘prints’ more money to purchase securities such as government bonds such that the money ‘printed’ gets circulated into the economy. This in turn increases the supply of money, hence lowering interest rates and reducing the cost of borrowing leading to increased consumer expenditure, investment expenditure by firms, etc. Overall, actual economic growth is achieved. But my question is how is this growth achieved without any actual value addition to the economy? I think that the fact that I have this question in the first place points towards a lot of misconceptions I have about the economy and how money itself works. +I understand the math behind this, but I'm having trouble grasping how this is physically possible. It seems to me like this "extra" money is all theoretical, since no new money is being printed or otherwise physically created. + +So in some crazy scenario where everyone in the country decided to withdraw 100% of the money in their bank accounts, it seems like people would only be able to receive a fraction of their money? Is that correct? +My writing prompt: +PAPER PROJECT: You are required to examine the connection between economics and some form of +arts/entertainment – film, sports, art, music, theatre, literature, or other. One approach is the dual focus of +how economics narrates through theory and models, and how arts/entertainment constructs and conveys +economic narratives – this is the primary approach of class topics one through eight. + (copied from wikipedia) + +* Step 1 – The power of [labor](https://en.wikipedia.org/wiki/Labour_economics) is broken down and wages fall. This is referred to as "wage repression" or "wage deflation" and is accomplished by [outsourcing](https://en.wikipedia.org/wiki/Outsourcing) and [offshoring](https://en.wikipedia.org/wiki/Offshoring) production. +* Step 2 – Corporate profits—especially in the [financial sector](https://en.wikipedia.org/wiki/Financial_sector)—increase, roughly in proportion to the degree to which wages fall in some sectors of the economy.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) For example, we can see this principle illustrated in the fact that 88% of corporate profit growth between the [dot-com bubble](https://en.wikipedia.org/wiki/Dot-com_bubble)'s peak in 2000 to the American [housing bubble](https://en.wikipedia.org/wiki/Subprime_mortgage_crisis)'s peak in 2007 derived from wage deflation.[\[5\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-5) \[link is broken\] +* Step 3 – In order to maintain the growth of profits catalyzed by wage deflation, it is necessary to sell or "supply" the market with more goods. +* Step 4 – However, increasing supply is increasingly problematic since "the demand" or the purchasers of goods often consist of the same population or labor pool whose wages have been repressed in step 1. In other words, by repressing wages the corporate forces working in congress with the [financial sector](https://en.wikipedia.org/wiki/Financial_sector) have also repressed the [buying power](https://en.wikipedia.org/wiki/Buying_power) of the [average consumer](https://en.wikipedia.org/wiki/Consumer), which prevents them from maintaining the growth in profits that was catalyzed by the deflation of wages. +* Step 5 – Credit markets are pumped-up in order to supply the average consumer with more capital or buying power without increasing wages/decreasing profits. For example, mortgages and credit cards are made available to individuals or to organizations whose income does not indicate that they will be able to pay back the money they are borrowing. The proliferation of [subprime mortgages](https://en.wikipedia.org/wiki/Subprime_mortgages) throughout the American market preceding the [Great Recession](https://en.wikipedia.org/wiki/Great_Recession) would be an example of this phenomenon.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +* Step 6 – These simultaneous and interconnected trends—falling wages and rising debt—eventually manifest in a cascade of debt defaults.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +* Step 7 – These cascading defaults eventually manifest in an institutional failure. The failure of one institution or bank has a cascading effect on other banks which are owed money by the first bank in trouble, causing a [cascading failure](https://en.wikipedia.org/wiki/Cascading_failure)—such as the cascading failure following the [bankruptcy of Lehman Brothers](https://en.wikipedia.org/wiki/Bankruptcy_of_Lehman_Brothers), or [Bear Stearns](https://en.wikipedia.org/wiki/Bear_Stearns) which led to the bailout of [AIG](https://en.wikipedia.org/wiki/AIG) and catalyzed the market failures which characterized the beginning of the Great Recession.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +* Step 8 – Assuming the economy in which the crisis began to unfold does not totally collapse, the locus of the crisis regains some competitive edge as the crisis spreads.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +* Step 9 – This geographic relocation cascades into its own process referred to as [accumulation by dispossession](https://en.wikipedia.org/wiki/Accumulation_by_dispossession). The crisis relocates itself geographically, beginning all over again while the site of its geographical origins begins taking steps towards recovery.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +Is growth a necessary feature of a health and stable economy? Why? What would be the result of long term zero growth? What would have to happen to hold zero growth? + (copied from wikipedia) + +* Step 1 – The power of [labor](https://en.wikipedia.org/wiki/Labour_economics) is broken down and wages fall. This is referred to as "wage repression" or "wage deflation" and is accomplished by [outsourcing](https://en.wikipedia.org/wiki/Outsourcing) and [offshoring](https://en.wikipedia.org/wiki/Offshoring) production. +* Step 2 – Corporate profits—especially in the [financial sector](https://en.wikipedia.org/wiki/Financial_sector)—increase, roughly in proportion to the degree to which wages fall in some sectors of the economy.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) For example, we can see this principle illustrated in the fact that 88% of corporate profit growth between the [dot-com bubble](https://en.wikipedia.org/wiki/Dot-com_bubble)'s peak in 2000 to the American [housing bubble](https://en.wikipedia.org/wiki/Subprime_mortgage_crisis)'s peak in 2007 derived from wage deflation.[\[5\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-5) \[link is broken\] +* Step 3 – In order to maintain the growth of profits catalyzed by wage deflation, it is necessary to sell or "supply" the market with more goods. +* Step 4 – However, increasing supply is increasingly problematic since "the demand" or the purchasers of goods often consist of the same population or labor pool whose wages have been repressed in step 1. In other words, by repressing wages the corporate forces working in congress with the [financial sector](https://en.wikipedia.org/wiki/Financial_sector) have also repressed the [buying power](https://en.wikipedia.org/wiki/Buying_power) of the [average consumer](https://en.wikipedia.org/wiki/Consumer), which prevents them from maintaining the growth in profits that was catalyzed by the deflation of wages. +* Step 5 – Credit markets are pumped-up in order to supply the average consumer with more capital or buying power without increasing wages/decreasing profits. For example, mortgages and credit cards are made available to individuals or to organizations whose income does not indicate that they will be able to pay back the money they are borrowing. The proliferation of [subprime mortgages](https://en.wikipedia.org/wiki/Subprime_mortgages) throughout the American market preceding the [Great Recession](https://en.wikipedia.org/wiki/Great_Recession) would be an example of this phenomenon.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +* Step 6 – These simultaneous and interconnected trends—falling wages and rising debt—eventually manifest in a cascade of debt defaults.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +* Step 7 – These cascading defaults eventually manifest in an institutional failure. The failure of one institution or bank has a cascading effect on other banks which are owed money by the first bank in trouble, causing a [cascading failure](https://en.wikipedia.org/wiki/Cascading_failure)—such as the cascading failure following the [bankruptcy of Lehman Brothers](https://en.wikipedia.org/wiki/Bankruptcy_of_Lehman_Brothers), or [Bear Stearns](https://en.wikipedia.org/wiki/Bear_Stearns) which led to the bailout of [AIG](https://en.wikipedia.org/wiki/AIG) and catalyzed the market failures which characterized the beginning of the Great Recession.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +* Step 8 – Assuming the economy in which the crisis began to unfold does not totally collapse, the locus of the crisis regains some competitive edge as the crisis spreads.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +* Step 9 – This geographic relocation cascades into its own process referred to as [accumulation by dispossession](https://en.wikipedia.org/wiki/Accumulation_by_dispossession). The crisis relocates itself geographically, beginning all over again while the site of its geographical origins begins taking steps towards recovery.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +The government's money printing grew a lot that year. Everywhere i see that the more money there is, the more inflation, but why didn't it happen in 2008 and Japan 2001? +I've been curious about this question and can't really find a detailed answer. So I can see how natural monopolies may form. So if one forms and then gives a bad deal to consumers will it not ultimately fail, even in essentials like utilities?? Eg. Overpriced telephone lines creating demand for alternatives (WhatsApp etc.) I'm struggling to see how in a free market any monopoly could provide a terrible service and still survive. + +Edit: This question stuck with me and two problems came to mind. +1) The people who are struggling to pay water bills may not have the time or resources to be well informed about competition. +2) Anyone in a democracy who feels they can't get water will petition their local official to help and it would be almost impossible morally and politically for them not to provide help, distorting the market. +Here in Bangladesh, the stock market is volatile. There has been several crashes due to "manipulation" and on other years the return was 15 to 25%. My economics professors say they dont have a single penny in the stock market. + +Yet a relative of mine does day trading and makes huge money. Gets a very high return and has been consistently doing so for decades now. + +How is that possible? The economic theories I read mentioned that in the long run no one can beat the market and even the best day traders would earn the market average of 15% and not the huge returns he is earning. + +From a layman’s perceptive currency which is backed by some solid thing like Gold is much better than Fiat currency or as one economist puts it: ‘Currency backed on Trust.’ + +Why then did all countries and even the best economists support currency backed upon nothing than market fluctuations? + +Upon my research I found 3 arguments but none of them were well explained or I did not understand them properly: + +—> Gold prices fluctuate too: Yes they do but not as “severely” as market fluctuations. Unless there is an overnight boom or downfall in gold-prices; a situation like hyperinflation is virtually impossible. + +—> Why Gold? Why should we back an entire economy by the value of a rock? : Well that’s valid but the question is not primarily why modern economies are backed by “gold” but rather “not backed with anything” . It could even be backed with other stable products; like silver, etc. Gold because that’s what countries used to back currencies with and it’s in many cultures for gold to be the economy. + +-> Fiat Currency held stimulate the market during financial crisis, that’s why The Great Depression hastened the use of Fiat Currency: +This point; I did not understand properly.... is it because Fiat Currency helps increasing/decreasing inflation? Please explain + + +From an outside perspective Gold currency technically ensures we can always count on the government to have 1 unit of gold for 1 unit of currency.... in a gold currency... paper notes are basically cheques for a gold coin (since most people don’t carry gold coins with them) + +Why then did we switch to Fiat Currency? +Thanks in advance + +PS: My knowledge comes mostly from the internet and some books so pardon my mistakes and please correct me. Thanks! +Right now, we are in the midst of a growing economy. President Elect Trump wants to increase spending, while cutting taxes during this economic growth. If this happens, what fiscal tools will have to fight a possible recession? Isn't it optimal to increase taxes and have the government spend somewhat frugally during economic growth, so that they have a surplus they can use to stimulate demand/consumption when a recession hits? +Hello fellow economist, hope everyone is doing fine. + + +Lately we have seen an spike on weatlh and assets distribution studies. But it seems to me that these wealth access measurements only take in account private owned assets, never Government assets -Federal, state or local-. Are some wealth measurement studies that include public property? If not, why is this omitted? Is not like those assets just dissapeared because they are public owned. Please only technical answers, let's not get into politics here pls. Thank you for your kind answers! +I was told by crash course economics that inflation and deflation are bad and in a good economy prices should remain stable and that continual deflation would mean that people would wait to buy goods and that would lower the demand of goods which would lower economic output. But honestly it just sounds like deflation leads to more frugal spending so how is it such a bad thing? +I know it sounds dumb but bear with me. If a commodity is priced at $6 for about 3 years with inflation at 3% every year, is the company selling the commodity at a lower profit percentage in the 3rd year, **always**? +Emphasis on the always part... +I read this in my intro MacroEco book, but it didn't elaborate. (It said it would in later chapters that I think I won't read for my class.) Thanks in advance. +Hey AskEconomics Community, + +My Question's pretty simple. What's up with Turkey's Economy? +I've seen people still supporting Erdogan even though he failed the Economy imo. +Why should he raise the interest rates and what's the reason the recession is happening? +Are they near of facing Hyperinflation? And what in General is a Debt- and Currency crisis? +Thanks for every answer, have a good day. +As in, does it raise the standard of living( I.e lowered poverty rates, better housing, increase in incomes, etc) for people who are most affected by it? +Hello, I hope this question isn't too basic for this sub. + +I have recently been studying Welfare Economics but I am extremely confused about Pareto Optimality. + +What I understand is that, even by go ogling and reading text book is that pareto optimality is when it is "impossible" to make one better off without making someone worse off. So what I understand is that, for example, let's say a country is implementing a new policy, it is impossible for it to benefit everyone, some will actually be impacted by it. (Please correct me if I'm wrong). + +But the whole time I'm studying it in class, why does Pareto optimality seems... like the opposite? Firstly, there's Pareto principle that says, a change is desirable if it makes some individuals better off "without" making someone worse off. + +Then there's this example, "Person 1 likes apples and dislikes bananas (the more bananas she has, the worse off she is), and person 2 likes bananas and dislikes apples. There are 100 apples and 100 bananas available. The only allocation that is Pareto optimal is that in which person 1 has all the applies and person 2 has all the bananas." + +So if they both get what they like, technically both are better off and no one worse off... how is this Pareto optimality when the definition is the total opposite? + +Also, another confusion. There's also a part that says, a particular situation is not pareto optimum because one is better off without making another worse off. Isn't this good? Why are we trying to achieve a condition in which there's someone worse off? + +I hope I make sense. Thanks in advance. +If not all investments are equal (or even profitable, for that matter), then what should be done for the trillions of dollars being hoarded by the corporations and billionaires? + +Apple has over $200B, Microsoft has in the range of $100Bs as well, and there are many billionaires hoarding away billions. + +I'm not convinced that their $100B of dollars is productive. + +What should that money do instead of being hoarded away? My position is that that money should have never have been able to save anyways. It should have been distributed to the employees in the form of higher wages, and it should have went to the consumers in the form of lower prices. +I should preface by stating that I know very very little about economics, but that I've recently been listening to a lot of talks on Youtube by Milton Friendman and Thomas Sowell (amongst other bits and bobs). Obviously the two are extremely pro free-market and want to see as little government as possible. +I was wondering if I could be pointed to prominent economists who might disagree, specifically ones I might be able to listen to on Youtube. +Thanks +So sorry if this is the wrong subreddit to ask this question. Is this combination fine at a decent state school? Do I have to double major in something like stats or math to be competitive for jobs, or can I learn these skills on the side and have them on my resume? +I am reading a book on economics and it says that more supply equals less demand because people won’t pay a high price for things that are plentiful. But this just sounds a bit off to me. It seems kind of non-sequitur. Why would the supply of something increasing make me value a unit of that thing less? For the sake of example, let’s say I am willing to pay X amount of dollars for a certain type of car. But then the company manufactures 100 more of these cars. Why would I suddenly now value the car I wanted less just because the supply of them overall increased? I was still just going to buy one anyway. +Asking for a friend. + +Seriously, is there good evidence for how to reduce the economic incentives for crime while balancing the costs to society of implementing these schemes? +I know the CPI doesn't include food and energy, but in other calculations or other products within the market basket, when the unit size changes but the price remains the same do they account for that? Like 10 years or so ago when a 16 oz bag of coffee went to 12 oz at the same price, do they count that as what 25% inflation for that item? Or are they pricing smaller like per oz? +The working hours for white collared salaried people are in the range of 50 to 70 hours a week. Some work 5 days a week some work 6 days a week. This goes for highly skilled workers like IT people, engineers, bankers and so on. + +This is at least what it is in Bangladesh and from what I have read its true for most of the world that work hours have not decreased despite labor reforms and economic growth and huge productivity increases. + +I saw a video of Tyler Cowen regarding something like this and it was 45 minutes so I couldnt see the whole video. + +Can someone explain the reason in a short paragraph? +If Bryan Caplan in his famous book "The Case Against Education: Why the Education System Is a Waste of Time and Money" is right, that: + +* University degree is mostly signalling + +* Vocational education is the solution + +Then employer could exploit this fact by hiring vocational graduates? Maybe not in all fields, like, I don't think there's vocational school for lawyers/doctors, but for other jobs like IT, accounting, engineering, they should hire vocational graduates, instead of university graduates, because they will be getting comparatively skilled labour, but they can pay them cheaper, since they don't have to spend so much resources getting a degree? + +In turn, this will cause students to choose vocational schools, and business to open better vocational schools as well. + +Thus, if Caplan is right, by letting the market works itself, the solution will be achieved? +I imagine a drab and censored existence during the USSR era. Economically, I was told that everyone owned the exact same amount of things and earned the same amount of money. Even an MD earned as much as a janitor. This sounds repulsive to me. However, I've been exposed to others who told me that: + +* 1. Given their low GDP levels, their HDI was quite high. +* 2. Everyone's basic needs were meant. Nobody went hungry, everyone had a job to do, everyone had social structures, and everyone had access to education and healthcare. + +Is this true? What were the benefits of the USSR's communist economy, and was poverty eradicated in Post-War Soviet Union? +The [pubic choice school of economics](https://en.wikipedia.org/wiki/Public_choice) consists of economists who try to use economic models to explain the political process. James Buchanan once suggested that public choice theory is "politics without romance." Accordingly, members of this school tend to be more libertarian and market-oriented than the average economist, as many believe that representative democracy is riddled with systemic flaws that can be undone by privatizing and deregulating the market. + +Like most schools in economics, public choice starts with the assumption that individuals are motivated by self interest, and take actions to maximize their utility function. Unlike more standard economic analysis, however, public choice theorists do not believe that the existence of market failures automatically implies that government intervention will improve market outcomes. + +Public choice theorists argue that governments, like markets, are merely collections of individuals who are each acting in their own self interest. Therefore, in their view, in order for government intervention to improve upon a market outcome, it is not sufficient for it to merely be *logically possible* that government can do so; rather, the incentives within the government must be better than the incentives in the private market. Some public choice theorists, such as Bryan Caplan, go as far as saying that this condition *rarely ever* holds empirically. Thus, these theorists believe that democratic government should be radically downsized, or even abolished as in the case of anarcho-capitalists. + +Personally, I must admit that I am nearly fully persuaded by this school of economics. However, I am not yet very far into my training in economics, and therefore I concede a fair bit of humility, and ask my question with an open mind. What are the best intellectual critiques that have been leveraged against this school of economics? + +I'm aware of generic criticisms of libertarian economists, such as those made against Milton Friedman. Yet, in these critiques I seldom see anyone challenge the fundamental assumptions or results of the public choice school. For instance, many critics of Milton Friedman's political philosophy are content with merely mentioning the existence of market failures, or unjust distribution of resources, as if the existence of a bad side effect of markets somehow *ipso facto* implies that government is better. + +As such, I am looking for more thoughtful and compelling critics. +Instead of working for themselves in the form of being self employed, or owning their own business, why does the vast majority of the labor force work for someone else in the form of doing a job for wages or salary? +Preface; Honest question here because I'm sure some may see this as trolling. I don't consider myself a hardline capitalist, socialist, or communist, just a person trying to understand the world around me better. I do like to listen to economic theory on some of the podcasts and what is generally going on. I'm hoping this \*doesn't\* turn into a capitalist vs socialist argument it seems like everyone wants to get into these days. I don't care which is better, I just honestly want real answers to my question because I'm genuinely curious. +\--------------------------------- + + A friend posted this on his Facebook in support of increasing the minimum wage. + + +[https://aflcio.org/2016/5/25/10-facts-minimum-wage](https://aflcio.org/2016/5/25/10-facts-minimum-wage) + + +Now, I'm not against the minimum wage and I do agree that raising it more than once every 10+ years is probably a good thing. The thought came to my mind however that you cannot just increase the wage ad Infinitum. If you were, that might cause inflation, right? $7.25 seems way too low, but a floor of $15 seems more than reasonable if cities like NYC, but maybe too much in other cities. But right now things seem so very expensive and unreasonably so in some cases, even though inflation is low. The argument is that wages, specifically the minimum wage isn't keeping up. But economists are saying that inflation has been very low in the last 10 years. This is where I'm confused. + + +I work in tech so I'll use cell phones as the basis for my argument. Please let me know why or why not my thinking is wrong. My parents had cell phones in the early 90's and it always seemed like they were getting a bad deal. When I started using a cell phone in the mid to late 90's we were on 3G. You could get a good phone for around $100 - $150 bucks. When we moved to 4G, I bought an HTC Evo Shift. If I remember I paid less than $200 bucks for it. ( [https://www.phonearena.com/phones/HTC-EVO-Shift-4G\_id4979](https://www.phonearena.com/phones/HTC-EVO-Shift-4G_id4979) ) Now that cost was "subsidized" by the phone company, but let's assume the cost of the phone was $300. I now have a Samsung Galaxy S20 5G, which retails for $999 for the base model. While there are things behind the scenes that are built into that cost, the HTC was a major technological jump from the 3G phones, but the S20 isn't a hugely different phone from the HTC. The point is the price of phones has gone up dramatically. + + +Maybe that's just one sector. I live in a city where I don't need a car, but I've been looking at car prices. It seems like the average price of a new car has gone way up. I bought a car in 2005 the going rate was somewhere around the $15k to $20k mark MSRP for just a regular vehicle, but now when I look, it seems like $25 to $30k is the MSRP for just about the bare minimum. I literally saw KIA's in that range, which blew my mind. + + +However, when you look at the data, it doesn't appear that there's very much inflation going on here. +[https://www.in2013dollars.com/New-cars/price-inflation](https://www.in2013dollars.com/New-cars/price-inflation) + + +So why is it that it seems like things are getting more expensive, and we're being told that minimum wage needs to go up to keep pace with the costs of goods, which if you look at the AFL-CIO link should be $18.50, but when you look at the data, it seems like inflation is really low? So shouldn't the cost of goods and services not be rising as much. + + +(I realize that this is mostly anecdotal and I probably big blind spots on economic understanding. If anyone has a good podcast to recommend that might answer the question I'm happy to get that. I do enjoy Marketplace and *Freakonomics* when I have time to listen.) +(Someone who never did more than a single economics class here) + +Leaving aside the arguments about whether such bailouts should exist in the first place: + +In the context of talks of bailouts (and the same logic seems to crop up when talking about taxes and tax cuts), the focus is primarily on providing aid to those who are already wealthy and powerful with support for those who most need it being seen as a side effect of that assistance. + +The argument always seems to go as follows: + +* Economy is in recession, times are bad +* As a result, people aren't buying <PRODUCT> that <COMPANY> produces +* If we give loans to <COMPANY> the people who make <PRODUCT> won't lose their jobs + +But the obvious problem is that it's not helping the original issue, that demand for the products being made is down and so the companies involved will often react by cutting salaries or staff, undermining the justification for the bailouts to begin with. + +How come (at least in the US) it's never been: + +* Economy is in recession, times are bad +* As a result, people aren't buying <PRODUCT>, which negatively effects every business that makes those products +* If we give loans to the people, so that they can continue to buy <PRODUCT> the people at <COMPANY> won't lose their jobs, unless the recession was never the cause of their problems to begin with. + +You accomplish the exact same desired result, only by stimulating demand instead of supply. + +Is it simply that it's more complicated or less efficient to manage from a government perspective? Or are there economic studies that suggest it's a worse approach? + +So if Inflation makes everything more expensive, how do the prices go back to "normal"? When everything gets more expensive every year in 30 years e.g. a bread would cost 20$. But why arent the prices so high from the last couple decades/centuries. +Is there anything that counters the inflation? Or how do we decrease the prices? +I’ve been reading up on minimum wage increases, and how the impacts differ in competitive vs. monopsony labour markets. But one thing I can’t seem to wrap my head around is the idea that in a monopsony every additional unit of labour increases the marginal cost of labour, because the firm increases the wages of all workers. But why does the firm have to increase the wages of all workers? I can’t seem to understand why this assumption (is it an assumption?) is made or why it would be a reasonable one to make. + +Look forward to any help in trying to figure this out. +How accurate is the [third point in this response](https://www.reddit.com/r/askphilosophy/comments/kstvea/why_is_marx_relevent_in_philosophysociology_and/giid16h?utm_source=share&utm_medium=web2x)? The sub is r/askphilosophy so I'm skeptical on the accuracy of the some of the remarks regarding economics. What do you guys think? +I don't know a lot about economics. But I like to observe the phenomenon that some countries have high debts in their deficit in relation to their GDP. A classic example is the United States, another rather curious one is Japan, which operates at negative interest rates. I would like to ask why this happens to rich countries (mostly). +To my knowledge, supply-side economics isn't so much an economic theory or model as much as it is a litmus test for undecided voters. + +But regardless, is there any evidence that supply-side econ can spur economic growth on a macro level? Does it depend on the tax in question? I have heard that there is little evidence for it working for most taxes but that it can work for the corporate tax rate, i.e., cutting corporate taxes actually *does* increase investment and economic growth. + +Or is it just the case that the Laffer curve is the truly relevant thing when discussing optimal tax rates, and supply-side is just baby's first economics? + +Thanks! +I'm a MSc student in Bioinformatics with a Bachelor degree in Mathematics and Biochemistry. I've taken the statistics / analysis route in my current degree and have since found an overwhelming interest metric design. I would like to know, would it be difficult for someone with my background to be accepted into a PhD program in Economics? +I've heard a few people talk about pegging the minimum wage to inflation. I'm not talking about the level but the flexibility of auto-adjustment. Wouldn't inflation adjusted MW reduce sticky wages because buyers of labour & sellers of labour(both minimum wage and higher wages) would see the inflation more upfront and thus adjust their wage expectations accordingly? +According to Engel’s Law, the poor have a high Marginal Propensity to Consume (MPC). The poor, as everyone acknowledges, are more sensitive to price changes than the rich. If true, this means that inflation (rising prices caused by either 1) demand > supply or 2) expansion in the money supply) disproportionately harms the poor than the rich. + +The goal I have set, is to find a way to incorporate the disproportionate harm to the poor inflation causes. Out of all the ways I’ve seen economic growth and poverty measured, inflation is nowhere to be found. It has been my observation that inflation is dramatically understated in its ability to prevent upward mobility across the globe. + +If anyone has any sources or PRJ material they would like to share as I take on this quest, it would be greatly appreciated. +Ive been listening to alot of his lectures and trying to gain as much understanding about the topic as I can (Im a psychologist, not an economist), so Im curious; how would a proponent of a free market economy deal with monopolies? + +Thanks in advance! : ) +One of the primary arguments against capitalist economic systems is that they require a "reserve army of labor": a permanent underclass of unemployed individuals which companies use to depress wages. + +I know this is not a Capitalism v Socialism subreddit, so I wanted to frame this argument in more economic terms. Why is it not desirable for the economy to reduce the unemployment rate to 0%? Here are a few answers I've found online, and why I don't find these answers to be satisfactory: + +**Answer #1:** Frictional unemployment is a sign of a healthy economy because it indicates a fluid labor market. + +**Response #1:** Fair enough, but I could simply rephrase my question to ask about other forms of unemployment. For example, I could simply ask: "Why is it undesirable to lower the non-frictional unemployment rate to 0%?" + +**Answer #2:** Matthew Yglesias explains that some economists believe a 0% (or near 0%) unemployment rate would increase inflation. Companies would raise wages to attract new labor, causing an increase in prices which necessitates for future wage increases, and this process would repeat itself, creating an inflation spiral. ([https://www.vox.com/2014/11/14/7027823/nairu-natural-rate-unemployment](https://www.vox.com/2014/11/14/7027823/nairu-natural-rate-unemployment)) + +**Response #2:** This seems plausible in theory, but is there actual empirical evidence to support this line of reasoning? Have there been historical periods where unemployment has dropped so significantly to cause the kind of inflation that this theory predicts? + +I would appreciate it if anyone could link rigorous studies explaining this subject in more depth. +Whether it's the BBC on Brexit, or the Economist podcast talking about the change of leadership in Japan and Germany, one word that never leaves the sound waves is "uncertainty". + +I forgot that Japan had a new PM in September. How big does a country to be for a leadership change to make the world "uncertain"? Is there a year that economists, either with hindsight or foresight, called "certain"? Is this code for "we don't know", "in my opinion" or "don't hold me to it"? +Money sitting around doing nothing is wasted, and prolonging the spending of it wastes it for longer. + +Why not have monthly updates on the percentage of money being unutilized? etc +The paper is here: +https://ideas.repec.org/p/nos/wuwpma/bilych_gennady.85552-1.html + +Crude summary: +The author argues that when the economy is static and not growing, there is a state of 'perfect competition' and nobody can profit without someone making a loss. They argue that this induces firms to seek innovations from which they alone can profit, which introduces a temporary monopoly and 'imperfect competition'. As other producers introduce the innovation, the economy grows, by an amount equal to the sum of their profits. When the innovation is maximally exploited, the economy stagnates again and both profit and growth tend to zero. + +At the top of page 7 is an abstract example where a firm makes a profit, but is unable to continue making the same profit because the price of the factors of production has increased (since the demand for them has increased). Is that true? + +I'm very much a novice when it comes to economics but some of the author's arguments still sound a bit simplistic so I am wondering what others make of it. +I studied econ in the past and have a firm understanding of the basics. I'm looking for a slightly more advanced book as a way to help refresh my knowledge. I'd like to stay away from textbooks and would much prefer something more passive like a novel. Any suggestions would be much appreciated. +Dear Reddit, I'm a student studying finance in India. I have heard a lot about foreign universities such as LSE who are apparently one of the best schools for economics. + +Although I would like to study there someday, there's no way I can do so now. + +If you are an economics student, please tell me what what books are you using in your curriculum, as I would like to go through them on my own. + +I did go through their website, but all the information there was so scattered that I couldn't figure out where to start. + +Thank you for your time and attention. + +Like, examples of institutional fails in countries, or institutional successes in various countries. + +Or institutional differences that make North Italy so much richer than South Italy. +Like, examples of institutional fails in countries, or institutional successes in various countries. + +Or institutional differences that make North Italy so much richer than South Italy. +What was the effect of US sanctions on Venezuela and its economic decline? + +Is it true that, "the impact of US sanctions on Venezuela, which, while certainly not the sole cause of the crisis, ***have*** **contributed greatly to the country's economic decline?**" + +According to a 2021 [report](https://www.gao.gov/assets/720/712232.pdf) from the US Government Accountability Office: + +>The Venezuelan economy's performance has declined steadily for almost a decade and fallen steeply since the imposition of a series of U.S. sanctions starting in 2015. \[...\] The sanctions, particularly on the state oil company in 2019, likely contributed to the steeper decline of the Venezuelan economy, primarily by limiting revenue from oil production. + +I thought Venezuela's economic decline was 100% due to its corrupt, centrally planned economy and 0% due to US sanctions but, I am not sure. +What if the US government gave the ability to raise the federal minimum wage to the federal reserve? Congress could pass a law granting the federal reserve the ability to raise the minimum wage up to 10% annually. The board would then be able to consider this as an option for promoting a healthy rate of inflation by influencing the basic cost of labor in the US. + +I'm interested in feasibility, potential for positive impact, political considerations, and so on. Just looking for a good discussion really. I hope to hear some good critique on this thought. +Hello, I’m studying a bachelor on economics and I have read here that the degrowth movement is economically nonsense, but I still don’t understand the arguments on why it’s dumb, I would love answers with papers on why this is or why it’s not, thanks! + +Pd: hope it doesn’t violate rules this question +We’ve probably all heard of the phenomenon that is ‘yield farming’ by now. In short, this is a process during which users temporarily lock up some of their assets in order to recieve rewards or interest. This can include liquidity mining, staking, lending, minting and anything in between. Basically, anything that lets you ‘harvest’ additional yields on your assets (next to a potential price increase of the underlying asset). + +These rewards come in different forms, such as in the very same asset that was originally deposited, or in a totally different one. Or in multiple different assets, even. These assets can then be put to work again, in order to accrue additional rewards, which can be put to work again. And so forth. Yield farmers can participate actively in multiple yield farming strategies on different protocols or blockchains at the same time, too. + +Yield farming has been there since the very beginning of the DeFi boom during the summer of 2020. Arguably, it was the meteoric rise of yield farming options as well as the DEX that formed the moat of this boom. Since then, DeFi has been on an unstoppable run and an ever increasing amount of money is being circulated (and generated). Today, there is hardly a DeFi protocol that doesn’t incorporate at least some form of yield farming and it has become an unmistakable pillar within the world of crypto. + +As you might expect, participating actively can quickly turn into a highly complex operation. And an expensive one too, as each seperate transaction requires more gas, or fees, to be paid by the user. This is explains, in part, why yields can often be so attractive; Actively farming is labor-intensive, expensive and complicated. + +*But that’s about to change.* +Dracula Protocol V2 fully automates these complex and expensive processes, and makes it as easy as clicking a button for anyone to earn the highest yields possible on their assets. But perhaps more importantly, Dracula also eliminates the gas fee problem alltogether, further adding to its’ user returns. + +To achieve this, the Dracula team has built out a protocol-agnostic platform that is able to communicate with any protocol and collect rewards autonomously. It takes all the hard work out of yield farming under a single web interface. Which is great, but there’s more. + +**Gas elimination** + +Gas fees are another major issue, often forcing regular users out of lucrative opportunities. Dracula Protocol drastically reduces fees so that regular users are priced out no more, and turns the money saved into additional yield. + +It achieves this by cleverly pooling user funds together. This way, Dracula only requires a single smart contract interaction to act on the behalf of an entire pool, versus thousands of individual interactions required otherwise. This single transaction fee is then spread out over the entire pool, resulting in an extremely low fee per user. All this capital saved is then distributed back to users in the form of additional yield. + +**Whale power** + +Whales dominate the markets through sheer firepower. In yield farming, that is no different. Each whale owns a large piece of a specific pie, and gets to take home the best returns while excercising control over the market. They leave individual holders vulnerable, who risk being dumped on while chasing lower returns. Dracula Protocol was originally designed to combat exactly this. + + +>To fight a whale, one must become a whale. + +A third major benefit to Draculas’ pooled farming is its ‘whale power’. Every market Dracula enters, it enters with the combined firepower of thousands of individuals. This allows Dracula itself to act like a whale entity on behalf of its users and claim a significantly larger piece of the pie, bringing home even better returns. It levels the playing field and is able to fight other whales on their own terms. With the added comfort of full automization and significant gas savings. + +*But it gets even better.* + + +**Profit compounding** + +As explained earlier, one temporarily lock up his/her funds in order to accrue rewards. The longer the lock-up, the more rewards to be claimed. To maximize returns during this period, however, one would ideally claim rewards and re-stake regularly. This allows one to continue farming with a larger stack, which accrues more rewards and so forth. This is known as ‘compounding’. But compounding is labor-intensive and expensive, with each transaction setting you back additional gas fees. Often times, this is only worth the effort (and money) after an extended period of time and significant rewards. This is sub-optimal as no compounding takes place in between, making you miss out on additional gains.Dracula fixes this through its extremely low gas fee structure and automization capabilities. This allows Dracula to collect and compound rewards on a daily basis autonomously, while only having to pay for a fraction of the gas fees. + +**Additional yield booster** + +As if a single web interface, full automation, higher returns, massive gas savings and auto-compounding isn’t enough, there is one last trick up Draculas’ sleeve.Dracula built a second, interest-earning layer on top of the automized yield aggregation process. Partner Rari Capital is integrated to achieve this. This is designed to function as an additional yield booster, actively earning users interest on top of their growing capital. It automatically switches between the most efficient interest-earning strategies available, itself always ensuring the highest additional returns as well. Mind you this profit on top of profit is being auto-compounded on a daily basis, only further adding up for its users. + + +>Dracula Protocol V2 is set to launch early April 2021 + +**ETH and DRC$ETH** + +So what if you’ve turned enough profit and you’d like to cash in? Normally, you’d be left holding multiple types of tokens you’d have to have to sell individually. Another labor-intensive, expensive task. But not with Dracula.Dracula is unique in that it ‘s able to convert everything for you, and allows you to withdraw your profits into a single token, namely $ETH or $DRC (stablecoins might be next). This eliminates another burdensome part of yield farming and offers you direct exposure back into DeFi’s native currency, without having to do anything.But there’s another option. + + +**$DRC** + +$DRC is the native currency of Dracula Protocol (Not to be confused with ‘Digital Reserve Currency’). When a user opts to be paid in $DRC, something interesting happens. + +This $DRC doesn’t come from minting and releasing extra tokens, like so many protocols do today. Adding to a (hyper) inflationary token design. All $DRC has already been minted and is out on the open markets. And its supply is capped, meaning no extra $DRC can ever be released. Instead, a buyback mechanism is activated and every time a user collects profit, this $DRC is bought up straight from the open markets, adding buying pressure to the token. + +This could potentially lead to strong, automized buying pressure to a capped, non-inflationary token. Community members sometimes refer to $DRC as a ‘self-pumping’ token. And it actually kind of can be. It’s not hard to imagine what a potential $200,000,000 Total Value Locked on the protocol earning high yield for its users each day could do to buying pressure when 50% chooses to receive their rewards in $DRC. Taking into account $DRC’s current $12 milion market capitalization, that might not be a bad proposition. + +In the future, a token burn mechanism might be introduced through community governance as well. Say, 0.5% per payout. Enough to actively reduce supply, but to maintain market-beating returns. The thought of a ‘self-pumping’, deflationary token is not that far off with $DRC. No matter how ridiculous that may sound. + +**Conclusion** + +Dracula Protocol is a fully automized yield aggregator and booster that actively pursues multiple strategies and mechanisms to ensure market-beating returns and ease of use for its users: + +* One single user interface +* Multiple yield farming options +* Full automization +* Near total gas fee elimination +* Whale dominance in pools +* Daily profit compouding +* Additional interest earnings + +Profits are payed out in the form of $ETH or $DRC, a non-inflationary token bought up from open markets, ensuring constant buying pressure. + +Dracula Subreddit: r/Draculaprotocol +[https://imgur.com/a/zgk7AKP](https://imgur.com/a/zgk7AKP) + +Here is a link to just the summary page for SR-DTC-2021-011.  The same applies to NSCC-2021-007 and FICC-2021-004. + +I highlighted portions of interest with some explanations for why I believe this legislation should not be enacted because it lets the DTCC completely off the hook, scott-free.  If they are the "insurance" for their Participants then they should not be allowed to change the rules at this stage of the game when it is becoming very clear that the Participants are going to default and the DTCC will be on the hook to cover the remaining portion of their short positions. + +If the DTCC can simply create legislation that lets them off the hook then who is responsible for covering the shorts if companies like Citadel go bankrupt?  The Fed is not going to let it happen any more than the DTCC is.  Therefore, WHO is going to cover the shorts if they get margin called?  Will, they NOT ever get margin called if the regulatory agencies simply overlook the "cooked books" forever?  We cannot let these latest DTCC filings go through without challenging the language.  Comments are open for 45 days and we should use every bit of that to ask for clarification and ensure that they are not off the hook for covering their participants' short positions if the participants become completely liquidated and/or go bankrupt. + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* +To be clear not just us as in Superstonk, but retail investors as a whole. By now we’ve all seen the article about “retail investors not behaving as they normally would”. GME, Memestocks, Cript0 etc.. all the bad short positions Wallstreet made haven’t panned out as they hoped. + + +A market crash is what gives them the chance to breathe. This is the moment they normally reap the rewards from theft and reset themselves from a neutral position in cash. + + +You can’t do that if people aren’t selling. Short selling is a time dependent, multipart transaction and your short positions should “blend in the crowd” of sales but you shouldn’t “make up the crowd”. If everyone chooses to be a “bagholder” and the company isn’t run badly you are trapped. + + +When was the last time you experienced a market crash that had months of warning? Were your parents warned in 2008? Were you even warned in the dip we had in 2020? + + +They need the fear of the event to cause the event. But now they’ve tested the market to see the reaction and they’ve found diamond hands in every investments no matter how brilliant or stupid. They will try again, more aggressively. If and when retail refuses to sell, the stock market will normalize yet again. We’re winning. + + +WAGMI and I really do mean, all of us. +I've seen with inflation on the rise, the money currently sitting in my Halifax 'savings' account (which gives me 0.01% interest) is set to potentially lose the equivalent of hundreds of pounds of value if inflation continues for a couple years. + +Where's the best place for me to put that money? I've read the flowchart, have a big emergency fund, no debt etc. and it looks like a fixed-rate savings account or premium bonds could be an option...and I'm also tempted by taking on some risk with gold or S&S ISA diversified index funds. + +Would be glad for any advice on how to decide from anyone who's been in a similar situation! +Ethereum has done a great job with attracting developer talent to create Dapps on its platform, but we haven't yet had a home-run hit just yet. We're at the stage now where anyone with a half-baked idea can throw up a website and a so-called whitepaper with the hope of raising funds. This approach is great in theory as it encourages rapid innovation, but more than be done in terms of screening to lessen the impact of bad actors. + + A community led effort in conducting due diligence and providing the support for promising Dapps can go a long way in advancing the development of the Ethereum ecosystem organically. + +With that said, what applications and/or POCs on Ethereum do you think will succeed and why? How do you think the space will evolve in a year or two years time? +I teach college freshman about personal finance, and I have always had them read MMM's post +[https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/](https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/) + +I then have them play with the calculator at [https://networthify.com/calculator/earlyretirement](https://networthify.com/calculator/earlyretirement?income=70000&initialBalance=0&expenses=25200&annualPct=5&withdrawalRate=4) which is very simple to understand. + +My problem is [networthify.com](https://networthify.com/calculator/earlyretirement?income=70000&initialBalance=0&expenses=25200&annualPct=5&withdrawalRate=4) has been down. Does anyone know when that site might be back up, or you can any of you recommend a visually simple calculator that shows % of income saved and how long you'd need to work to get to FI? + + +Thanks! +I found the monthly updates by another user in the /r/leanfire sub a useful read, so I thought I would add my twist and provide quarterly spending updates on my retired life overseas. This first post one is a long one, as I tee up the background to put the updates in context. Future updates will be much shorter. + +I hope these updates can + +1. Provide real-world examples of what retirement costs overseas. When I see Cost of Living estimates in other articles, I feel their examples lack the detail that shows me *value*. Yes, rent is $800 a month, but I don't get to see what that house looks like. Is it an isolated shack in the countryside or a posh home in the heart of the city? If meals are only $5 per person, but I don't have any idea of the size of the portions or quality of the restaurants, how do I know if I can use that $5 estimate for my own budget? +2. Put some context around what LCOL means in various countries. People tend to group developing countries as a singular homogenous example, but S. America, Eastern Europe, and SE Asia are all very dissimilar. Your Quality of Life can vary drastically in the different countries within these regions. These updates will illustrate some of the social life and lifestyle differences between countries. +3. Reveal any unexpected costs that you did not consider in your retirement budget assumptions. Selfishly, these updates will help ME get back in the habit of tracking my spending. It’s odd after years of meticulous tracking and laser focus on my expenses, income, and net worth, I’ve been blissfully ignorant after FIRE. With a lifestyle change due to a new girlfriend, I feel the tempting pull of lifestyle creep. By keeping track of every Peso, Dinar, Euro, and Dollar for these reports, I'll have a better system to rein in any extraneous spending. +4. Dispel some of the misconceptions that LCOL FIRE overseas means living in a shack in the countryside of a developing country, eating shit local food, isolated and alone with no friends, while living with an infected leg, because healthcare is either too expensive or is only a few steps removed from seeing a witch doctor. + +Quick background on me for context: Graduated a state university at 27 years old. Worked for 16 years, including 3 years, where my only income was as a small business owner (a financially devastating failure), averaging $20,000 a year. Average income over all 16 working years \~$68,500. Saved aggressively to recover from the failed business to FIRE at 41. Currently, 46 and have been traveling full time for the last 5+ years. + +**Spending Update July to September 2019** + +**Homebase:** Sofia, Bulgaria + +**Other Countries Traveled:** Austria (Vienna), Czechia (Prague), Serbia (Belgrade), Bulgaria (Plovdiv and Rila) + +&#x200B; + +|**Spending Summary**|**3 Month Totals**|**Average per Month**| +|:-|:-|:-| +|Food|$1,327|$442| +|Housing|$814|$271| +|Fitness|$350|$117| +|International Flights|$319|$106| +|Shopping|$307|$102| +|Entertainment|$122|$41| +|Local Transportation|$121|$40| +|Healthcare|$105|$35| +|Utilities|$23|$8| +|**Total Spending**|**$3,487**|**$1,162**| +||**Average Per Day**|**$38**| + +The figures above EXCLUDE any expenses incurred by my girlfriend. We split Housing 50/50 and Food 60/40 (I’m the fat ass). I do not include her portion of the rent and in the numbers above, just my portion. + +**The Top 4 Biggest Expenses For July to September** + +**Food $442 per month-** my most significant expense (38% of spending) involves me stuffing my face. Honestly, I know I spend too much here, but eating brings joy to my life. I also have peculiar eating habits that drive up my spending. I eat a protein-heavy carnivore diet. I eat roughly 160 grams of protein a day, think roughly FIVE 4 oz (114 g) steaks a day. I also exclude most refined carbohydrates (bread, rice, and pasta). Regrettably, refined carbs are the cheapest way to fill up an empty stomach. + +[$8 Huge Tomahawk Ribeye Steaks](https://imgur.com/wiXLFUW) + +I cook 75% of my meals at home to save some money, but I do splurge on some “luxury” groceries such as truffles and imported spices. Bulgarian fresh produce is cheap. Watermelons during the summer are .20 cents a pound. Fresh yogurt is .70 cents per 16 oz/ 500 ml. + +I usually eat 1 meal per day in a local casual/fast food joint. For me, this means a trip to the local BBQ grill for sausage and chicken filets. An example is this 2.2 lbs/1 kg box of 10 beef kebapches (Bulgarian sausages) for \~$7. This box with some cheap sides feeds me for 2 meals. + +[Kebapche (Bulgaria Sausage)](https://imgur.com/KMeoqTr) + +Roughly once per week, my girlfriend and I treat ourselves to a nice sit-down dinner. These dinners range from $20 to $30 per person, including appetizers, a main, and dessert. These treats include splurging for dry-aged tomahawk steaks, platters of fresh sushi, and bottles of local wine. An example is this $18 veal filet dinner with roasted peppers, potato puree, and topped with truffle butter. + +[Veal with potatoes and truffle butter](https://imgur.com/LncCd56) + +**Housing $271 per month-** this is a volatile expense for us because it depends heavily on the market. My girlfriend and I try to keep our combined rent and utilities to be roughly $200 per person/$400 combined. In many places (Bali and Medellin as examples), this will get us fancy apartments or villas in desirable neighborhoods with amenities like a pool and weekly maid service. In Sofia, the market mostly catered to long term rentals > 12 months. Each place we looked at in our price range and desired location charged a premium for month-to-month renters like myself. In the end, we spent $350 for a shared 2 bedroom, 1 bath Airbnb with a balcony in a trendy central location. + +[$350 Apartment in Sofia](https://imgur.com/te95023) + +**Fitness $117 per month-** I use Fitness as a key component of my social life. When people usually bring up difficulties living overseas, one of the primary reasons is isolation and lack of friends. The money spent here is for classes and gym memberships, which make up the bulk of my social life. My girlfriend and I went to weekly AcroYoga jams, Capoeira classes, and belonged to a Calisthenics gym. + +I highly recommend people moving overseas to use activities to build up their local social circle quickly. These activities could be Fitness or less active groups like board game meetups, improv classes, language exchanges, or hiking groups. The more you integrate and build your social circle, the easier it is to make the country you are living at feel like home. + +[AcroYoga Friends](https://imgur.com/ZLJiVts) + +**Shopping $102 per month-** Even staying at an Airbnb, every time we move, we spend money on household items. This quarter, we bought a blender for smoothies, a wireless extender to boost WiFi to our bedroom, and some cheap frying pans. Small electronic purchases are categorized here as well; the most expensive item this quarter was a water flosser because the Bulgarian dentist yelled at me for being too lazy to floss normally. + +**International Flights $106 per month-** Airfare between countries in Europe is shockingly cheap, even compared to domestic flights in the US. My flights booked and paid over the last three months: + +Vienna, Austria to Varna, Bulgaria = $20.00 + +Varna, Bulgaria to Larnaca, Cyprus = $30.00 + +Larnaca, Cyprus to Skopje, Macedonia= $19.00 (Dec trip) + +Skopje, Macedonia to Rome, Italy = $20.00 (Dec trip) + +Rome, Italy to Las Vegas, Nevada $230.00 (Dec trip) + +These are not even the cheapest flights. My girlfriend took a flight from Austria to Cyprus for less than $10 one-way last month. An Uber to the airport costs more than the actual plane ticket. + +**Healthcare costs and Insurance $35 per month-** This is not one of my top expenses this quarter, but I wanted to cover it. You only see my dental insurance premiums in these numbers, which is $18 per month. You do not see my US health insurance nor my International health insurance premiums, which I pay lump sum at the beginning of the year. + +My only medical expenses in the last three months are dental cleanings in Bulgaria for $33 vs. $200 in the US. However, as a rule, I can get all routine checkups and medical tests done cheaper overseas. Some previous examples: a DEXA and bone density scan in Colombia costs $25 vs. $150 - $250 in the US. My emergency room visit for ten stitches and drugs in Thailand was less than $12. My knee MRI in the Philippines cost me $200 vs. $1500 - $2000 in the US. + +Less than $40 a day is what it costs me to FIRE in Europe right now. About $1200 a month or $14400 a year. At this spending level, even if the doomsday forecasts from the news comes true, I don’t have to panic. If there is an extended downturn, I still have expenses I can cut or levers I can pull to make it through a recession. Even if the market crashes, I can still make this lifestyle work. + +P.S. What other types of information would you find useful in these updates? + + +We went grocery shopping yesterday and only got absolute necessities and it was still $90. We got the smallest bottles of laundry detergent and fabric softner they had, and the most expensive thing were the 2 boxes of taquitos we got, $12 each, 30 a box that will be our lunch/ dinner for the whole week because we can't afford anything else. We're trying to get back on food stamps, we lost them when i got my job because we were $200 over the limit. I feel like I'm trying to doggy paddle in a flood and am just barely managing to keep my head above water. Hell, I'm pretty sure just 5 years ago, all the stuff we bought would be $40-50. How can people make it like this? +Me and my wife and 2 year old are currently living with my mum in a 3 bedroom house. Soon enough my wife will give birth to twins and ultimately won't be enough space to live here. + +Fortunately my mum inherited a small 2 bedroom terraced house from my dad that she gets rent from. The house is under my name but its like my mums property. My plan is to hopefully move in there and pay my mum a cheap rent (if that's okay with her) + +My larger plan is that my family (excluding my mum) need to live in our own 3 bedroom house. I also need a home office space. I have just about enough money now for a deposit for a 3 bedder but I don't want to be paying off a mortgage on a single income. So the plan was that the kids grow up in about 5 - 7 years and go to school and my wife gets a job to help with mortgage to buy a bigger house. + +So should I opt to buy a smaller house as an investment and then use that as a jumping point to a bigger house in the future? + +I am on 35k in Manchester. + +EDIT - Thanks to everyone for their awesome advice. After reading your comments I have soundly decided NOT to do this. +Finally got a “career job” paying $75k after drowning in debt for some months. Yesterday, I received my first paycheck and just as my luck may have it, it was a live check not DD. Deposited it in my bank account, bank puts it on hold until 3/02. Usually when I deposit a check through the mobile app, at least half of the check is available to me. Nope, not this time. I could have easily went to my employer’s bank and cashed it for a few bucks. FML. SMH. I have bills thats due. I can’t even buy food or pay for bus fair. Not to mention my account is now in the negative due to bills on auto because I thought at least half of my check would be cleared. My Bank CS said they can’t do anything. I’m currently on hold, waiting for 4 hours, to speak to a 3rd CS. Because sometimes, you can get a different answer with a different person. +I just moved in a new flat and I needed to choose a new electricity provider. I'm sure that, just like anyone else, we've all seen those referral codes for £50 or £25 off your electricity bill floating around social media for the past few months. + +Well... they aren't good! What do I mean? I had a referral for a certain company, let's call it Potato. I clicked on it, and looked up the details of the tariffs I could choose... and wrote down the amount per kWh that they offered me. + +Then, I ran a comparison check on MoneySupermarket... and guess what? The very same company, Potato, popped up, with another tariff (didn't appear on their referral website) which was 3p cheaper *per kWh*... which means that getting £50 off was the cheaper choice only if my electric supply lasted less than 2 months (I have electric heating, so lots of kWh). + +So: referrals look good, but most likely they aren't the cheapest option. Dig deeper, and use comparison websites. +I just moved in a new flat and I needed to choose a new electricity provider. I'm sure that, just like anyone else, we've all seen those referral codes for £50 or £25 off your electricity bill floating around social media for the past few months. + +Well... they aren't good! What do I mean? I had a referral for a certain company, let's call it Potato. I clicked on it, and looked up the details of the tariffs I could choose... and wrote down the amount per kWh that they offered me. + +Then, I ran a comparison check on MoneySupermarket... and guess what? The very same company, Potato, popped up, with another tariff (didn't appear on their referral website) which was 3p cheaper *per kWh*... which means that getting £50 off was the cheaper choice only if my electric supply lasted less than 2 months (I have electric heating, so lots of kWh). + +So: referrals look good, but most likely they aren't the cheapest option. Dig deeper, and use comparison websites. +I have little job prospects. Only worked manual labor jobs. Suffering from debilitating depression. I have no money management skills, but willing to take any and all advice I can get. +Saw something about $230 being margin call territory and market had been open 1 hour. + + +If the laws that are in place are really in place, small hedge funds should be getting margin called. + +And as I’m writing this the prose is just under $245. So if they don’t have collateral for $230, they really don’t have it for $245 or greater. + +They should be failing these calls +Hello everyone. Hope you are well. I have a feeling this question gets asked often, but hopefully you don’t mind too much. + +I am searching for an apartment (Studio or 1bd), and am wondering what a good price range is for my salary ($5,000 a month after taxes - excluding 401K contributions). I paid off all my debt. + +I am looking at a place that will cost $1,750 rent. Do you think that is okay? This is excluding wifi, amenities, etc. I don’t have a car, but might not need it because it will be very close to my work and I don’t have friends. + +I know living with parents is the best financial decision, but my mental health is getting worse and worse from them. + +Please let me know if I missed any information. Thank you. +So according to my bank app, I owe 2910 still. If I just pay extra for the next few months or pay a lump sum, would I be saving myself money? Or is the interest already added into the total amount owed ? +Hypothetical numbers here, but say I need $10k by this rule, why not keep $5k for immediate use instead and invest the rest so the money makes some interest instead of sitting there doing nothing? + +In today's technological time, if I need more than $5k, couldn't I just put the balance in a credit card and sell the investment for the added amount needed and zero out the card balance? + +In safer mutual funds, I'd have the money in 3-5 days depending on a weekend or not. So why keep it all in cash? +Looking for advice on maxing out 401(k). + +This is my statement for 2021 - + +Employee pre-tax - $11,519.95 + +Roth 401(K) - $1,152.00 + +Employer contribution - $5,759.91 + +Total - $18,431.86 + +I know that for 2022, the max 401(k) limit is $20,500. + +My question is, is $20,500 max for employee pre-tax + Roth 401(k) only? Is employer contribution not included? + +Also, since this contribution is deducted per paycheck, how do I make sure I max out exactly at $20,500? I'm planning to increase my contribution and don't want to exceed the limit. +Hey guys, hoping that this is the right place for my post! This is a rather general hypothetical, but I’m curious to see what people’s input and opinions are! + +If you have $50,000 cash: + +1. How much would you keep in checking/emergency fund? + +2. How much would you invest and WHERE would you invest? +There is a accumulation period of 5 years and after that it pays around $3200 for the next 20 years. For something stable and regular, are there any other better options ? +*Specifically*, I read online that matched contributions and administrative work associated with the benefits plan is tax deductible, and thus, offering a 401(k) plan can lower a company's tax burden. I don't quite understand - wouldn't that matched contribution (i.e. $1800/yr) otherwise be totally retained by the company if they chose to not match 401(k) contributions? In other words, I get why not paying tax on the $1800 is a good thing. But how about not paying that $1800 in the first place...? + +I'm assuming I'm misunderstanding. I'd greatly appreciate some clarification. +What do you recommend me done in the year leading up to buying a home? I get the save a down payment, pay down debt, etc. ... but what else? What did you forget? What surprised you? If you got a redo what would you have done differently? +I figure when the major players have to close their positions, that price is going to go up and it’s going to go up fast. You might wake up to 50k per share. You’ll think how you have enough shares where you could buy a house outright, pay off any debts, give some to your family, and live a reasonably nice life. Just don’t forget how much money is at play here. 50k is peanuts. These shady fucking corrupt organizations are worth trillions and they “earned” it by ripping off the little guy. Take what’s yours. Earn those diamond hands and change this world for the better. Also - buy, hold, drs. To be clear, this isn’t financial advice. I’m retarded. My pet lizard helped me type this. +Hey everyone, I've been reading this sub for a while and I've learned quite a bit on how to manage my finances. Coming from personal experiences, I feel like sometimes we can be really stubborn and can be told the right thing over and over again and nothing will change unless we actually do something to make that change. I wanted to share my story pertaining not only to finances but to overall health as well and how they went hand in hand. + +I started my current job in 2013 and had bought coffee in the morning here and there. 2016 and 2017 were difficult years and coffee and food had became a daily comfort for me before and after work. + +It started as a cup a couple of times a week. Then daily. Then daily coffee with cream and sugar. Then sometimes with syrup. Then every day with syrup. Since I'm getting something to drink, why not food? A bagel a couple of times a week with the coffee. Sometimes two. Some mornings I would be spending $12 and also 1,200 calories. + +I was already fairly overweight for many years but last year I ballooned up to 265 lbs. In late October I was sitting at work with all this was running through my head and I finally made the decision to stop. I started intermittent fasting along with changing how I eat which meant no more morning Dunkin meals. Dusted off the coffee maker in the office, bought a bag of whole beans for work ($10), one for home ($10), and an IKEA french press for home ($20). + +Today I looked through my statements from 2017 and added it all up. $1,200 on Dunkin and $350 on Starbucks. And that's all credit purchases, not counting cash. $5 a day adds up quickly over time when you don't keep an eye on it. Since last November I can say I've easily saved over $400, I've down 25 lbs. so far and the coffee these days tastes so much better! +I’ve been DCA into Bitcoin pretty regularly for a few years, nothing crazy just a few hundred here and there. But that all changed last year when I finally dug deep and realized it’s true power. Against everyone’s advice and some common sense I pulled out my entire 401k and put it into this gift from the Gods. I’ve been trying to spread the word of bitcoin to friends and coworkers but they all looked at me as the guy with the tin foil hat. Once I told and showed them what I had done, I was no longer the guy in the tin foil hat. I was beyond that. But something interesting happened. Over time more and more of them became curious on how I would be so stupid yet so daring and risky. So they finally opened up and actually listened to what bitcoin is all about. + +Im kinda high so I don’t even remember where I was going with this post. But I never looked back after putting it all into bitcoin!! +https://www.cnbc.com/2020/09/25/amazon-luna-will-take-on-microsoft-xbox-game-streaming-google-stadia.html + +Amazon unveiled Luna, its own cloud gaming service. + +The move sees Amazon join a battle with Microsoft and Google to dominate the space. + +But Amazon is taking a slightly different approach — and it’s not guaranteed it’ll work out. + +Gamestop is going Bk with 1B+ cash and no debt - Trust me bro. + +Sneez is over even though SEC report says not created from closure of positions - trust me bro + +There are no naked shorts (ya) cuz u know. They naked and thats eeeeeweeeeeeeegallll and noone does eweegaaaal stuffs in market right? - trust me bro + + +Shits about to get real and i cant wait til the gamestop wallet holds billionaire and millionaires minted by fighting for a company they believed and believe in. + +In RC I trust and will hold til infinity. Power. To. The. Players. +The initial survey results - only including responses from those who consented to having their responses released individually - are now available. + +We are in need of a programmer who can take the lead on the website with the full results; we have a couple folks who are willing to help, but are unable to take the lead on the project. PM /u/melonbalon if you're interested. + +You can access the preliminary results spreadsheet via Google Drive [here](https://drive.google.com/file/d/1n2IpbpA_vGKSflRNuiRo-slvJdpptLfM/view?usp=sharing). + +Edit: just to be clear, big thanks to /u/melonbalon and the rest of the survey team for their hard work on this project. +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. +My situation is a bit of a sad case mi amigos. At 42, I'm a cashier at a grocery store. Unless something unexpected comes my way, I'll have this type of employment for life. It used not to bother me so much, but the cost of living and tax deductions have gone up so much that now I'm working full time pretty much just to maintain a basic life. I have a small apartment, Netflix, video games, no car, no spouse. + +Sometimes I think that if I had just made different choices, I could have created some sort of better life for myself. It's also true though that I come from a background of generational poverty and grew up in a house with no electricity or running water(when we weren't living in a car). I started working during my high school years and I've been doing so since. I knew early in adolescence that it was crucial that I didn't have children so the cycle of poverty would end. +Why aren't they more popular? That's the crux of my question; I understand there's more to it. A high stock price is seeing as being exclusive or doing better and I get that mind set. I am guilty of looking at the stock price over the market cap of the company. + +But it seems - almost - every time there's a split, there's an increase in the stocks price as people buy in at the cheaper price, and maybe others sell X% after the split. What's stopping a company from splitting their stock often versus rarely? + +If I had a company and I was adamant at keeping the stock low, could I split the stock every time it got to $100, so that it was around $50? Then after that split it jetted up to $100 within a year, could I split it again or would I have to wait for X years or some predetermined length of time? + +Thanks! +https://www.marketwatch.com/story/pelotons-stock-plunges-20-following-report-it-will-pause-production-of-bikes-treadmills-11642702222?mod=mw_quote_news + +>Shares of Peloton Interactive Inc. were cratering Thursday after a report indicated that the company temporarily planned to halt production of its connected exercise equipment to help curb costs in a period of slowing demand. + +>Peloton’s stock were off nearly 19% in Thursday afternoon trading and hovering below the company’s initial-public-offering price for the first time since April 2020. The shares were halted four times during the session following the report from CNBC, which said that Peloton was cutting its forecast for demand and pausing production of several products. + +>The company made its public debut on the Nasdaq at $29 a share back in September of 2019, before the coronavirus crisis took hold in earnest. The shares closed as high as $167.42 on Jan. 13, 2021 but they recently changed hands at $25.81 in Thursday’s session. + +>The maker of home-exercise products was a big winner early in the pandemic as people increasingly turned to its bikes and treadmills for pandemic-safe workouts that could offer a similar vibe to live, in-person exercise classes. But the company miscalculated demand as the economy reopened and slashed its forecast during its most recent earnings report. + +>“It is clear that we underestimated the reopening impact on our company and the overall industry,” Chief Financial Officer Jill Woodworth said on the company’s last earnings call in early November. + +>The CNBC report noted that Peloton intended to halt production of its regular exercise bike for two months after the company already halted manufacturing of the more expensive Bike+ model in December. The company also plans to curb production of its Tread treadmill for six weeks, per the report, which added that Peloton doesn’t expect that it will produce any Tread+ products during the 2022 fiscal year. + +>Business Insider reported earlier this week that Peloton planned to make substantial layoffs within its sales and marketing teams. CNBC also reported that the company was working with consultants from McKinsey & Co. to evaluate the company’s expenses and to consider potential job cuts. + +>Peloton didn’t respond to MarketWatch’s request for comment on its production or staffing plans. + +>The reports come as Peloton executives recently said the company would add $250 and $350 in delivery and set-up costs to its original Bike and Tread, respectively. Peloton pegged the price increases to supply-chain costs. + +>While the sales of fancy exercise equipment are a key part of Peloton’s business model, the company also sells a membership that gives existing Peloton owners access to workouts and classes. The company has a separate membership offering for those who don’t use Peloton equipment. + +>Peloton’s stock has now lost more than 70% over the past three months, and it has plunged 84% since closing at its post-pandemic peak of $167.42 on Jan. 13, 2021. The company is set to report its quarterly results on Feb. 8. + +Combined with the report that company insiders recently [sold $500M worth of stocks](https://www.cnbc.com/2022/01/19/peloton-insiders-sold-nearly-500-million-in-stock-before-its-big-drop-.html) right before the big drop, it's hard to imagine a bullish scenario for the company. + +My personal take is that this is the new GoPro, except with even less staying power. +Assuming you will never sell for 5 years (even if it falls 50%) and will buy more at each dip. What do you think? + +I know. I know. No free lunch and nobody knows what a stock will do and everyone wants free money. +The WA state governor & legislature is currently working on [a bill that will tax long-term capital gains exceeding $25k/person/yr @ 7.9%](http://lawfilesext.leg.wa.gov/biennium/2017-18/Pdf/Bills/Senate%20Bills/5111.pdf). To bypass the state constitution's ban on income taxes, it's being drafted as an "excise tax", although every other US state, and the IRS, would label it an income tax. + +The tax will intentionally target tech sector employees who receive much of their compensation in the form of long-term capital gains from options & shares, as well as those who are already in early retirement in the state. For example, someone in "late early retirement" distributing $60k/yr in capital gains from a taxable account will face a new $2765/yr tax, likely exceeding their federal capital gains liability. +The last bot I deployed ran on lesser-traded russell stocks and the slippage killed it, was like .03-.04 per trade. I gave up on it, for now. + +The bot I am running now trades on an ETF that is bid/asked .01 apart for tens of thousands of shares. There is literally no air in between the bid and the ask, and my broker actually fills me between the bid and the ask sometimes due to PFOF. So all of my fills are to four digits. + +So how do you go about measuring slippage? I have thought of a few ways. + +1. taking a "snapshot" of the bid/ask before I send my market order +2. measuring against the "last trade" of the bar +3. taking the difference to the nearest half penny. i.e., if a trade filled at 40.635, then there was no slippage at all. If it filled at 40.8317, then there was .0067 of "slippage". +4. measuring the live results against the backtest of the same period and calling that the "slippage" + +My bot makes about .9 cents per trade on a backtest, so its sort of a big deal to measure this. + +Any input or advice? +I want to get into some intraday trades and was thinking it may be beneficial to have my own database that I start creating by pulling live data and archiving it for later use. Do any of you do this? Do you host it on your own server(s)? Or is this unnecessary and should I just pay for live and historical data as a service? Thanks for sharing your opinions! +Hey, + +I'm an postdoc working on scaling the solutions of stochastic differential equations (SDEs) to long time series data. To showcase my approach, I am looking for a worthwhile financial problem to tackle - but don't know a great deal about the quant space! Ideally the problem's data would be sparse (i.e. every week or month) requiring imputation of the intermediate values. If anyone could point me in the direction of something interesting to the community, that would be much appreciated! The experiments will be published, with code open-sourced. +In the middle of a student loan crisis in the US...we've reached a new low... + +>Hundreds of higher education students are apparently experimenting with leveraged investing by taking their education loan money and plowing it into highly volatile cryptocurrency investments, according to a small study of 1,000 college students conducted this month by financial website The Student Loan Report. They’re able to do so, founder Drew Cloud notes, because some of those funds are used for “living expenses,” a flexible category that covers myriad potential necessities. + + +...thoughts? + +http://fortune.com/2018/03/26/students-cryptocurrency-investment/ +Sorry if this is the wrong sub, but considering its a $139K bill it does directly tie into my personal finance hah. + +The background: + +Hurt my back and my primary ordered an MRI. I had multiple herniated discs and fluid around my spine so primary Dr sends me to the ER. + +While in the ER I am told I need surgery. The DR who does my surgery is an out-of-network doctor and now I am being billed for 99% of the surgery. + +We are going to appeal and I am wondering if anyone has experience with this. Any information or help would be much appreciated! + +Just let me know if more information is needed. + +Thank you in advance! + +[this is the email I just got](https://i.imgur.com/hajzKc0.png) + +So I went to a job interview and at a clothing place they said they wanted to hire me and I said ok cool I'm in. + +Next day I get a call saying that food4less wanted to interview me so, I go and the hiring manager said I got the job and did an oral drug test on the spot. Then I called the clothes place that I got a better job offer and thank you for wanting me because I don't want to waste their time and letting them know asap. (food 4 less is walking distance from my home and clothing place is distant from my home) + +fast forward 1 week(like the 14th of nov now) I call them to see whats going on; they say it's taking longer than expected but they're going to get me in before thanks giving to fill out paper work then I'm going to start after thanks giving. So It's the 21st and I call wondering what's up to see when I'm going in to fill the stuff out. + +"Hi I'm ____ may speak to a manger please?" + +"sure let me go get them" + +wait a few minutes then they hang up + +call again. instant pick up and hang up + +wait an hour call again and same thing (wait and click). + +I'm worried at this point. + +and today I got that email!! + +During this time a pizza place called me if i wanted an interview and I told them I was already offered a job and thank you for considering me. + +I declined 2 jobs for food4less and this is what I got. + +what can I do? +I love soups, stews and chili's but I've never made any myself. My cooking skills aren't bad but many recipes I see online require ingredients and/or cookware I don't have or can't afford or require things like red wine and coffee grounds which I don't know how to cook with or what kind of red wine or coffee beans to get. In just about any poverty thread about food I see people always mention these three things and talk about "just throwing whatever you have in there". So poverty cooks, can you help a guy out? +People have ignored energy stocks for too long, soon they will realize that tech has less intrinsic value than energy. Russias fuckery is the catalyst that already has given up their future dominance on Europe’s LNG + +Approx 40% of European natural gas is from Russia. Even if nothing happens with Ukraine, this relationship has been irreparably damaged. There is no doubt that western european countries are looking for/ have realized that they can't be this reliant upon Russia for energy. My thinks: go long with shares and leap calls on good US and western European LNG stocks, especially ones that have not recovered from covid march 2020 dip + +Competitors of Gazprom and other russian energy companies will increase in value as western europe moves away from russia dependence + +There already sanctions announced and there is no doubt that Europe realizes that they can’t be this dependent on the poot for gas. + +https://www.nytimes.com/interactive/2022/02/15/business/energy-environment/russia-gas-europe-ukraine.html + +Already starting to happen: + +U.S. LNG Exporters Set a New Record for Daily Volume, reported saturday after the calls were bought + +“According to Bloomberg, U.S. LNG exporters set a new loading record on Saturday (2/12), when - for the first time ever - every one of the nation's seven operational terminals had an LNG carrier berthed alongside. Together, these plants took in a record-setting 13.3 billion cubic feet of natural gas on Saturday, roughly equivalent to 10 percent of the daily natural gas demand of the United States in winter” + +They need magic boats to carry LNG so I’m trying to narrow down the best buys on that front- GLOG, GLNG, CVX…. + + +I’m the most bullish on EQT, the largest natural gas producer in the U.S. + + +Positions: 40 shares of LNG @120 + +10 LNG call $165 6/17 + +200 EQT call $30 3/18 (I realize that this was maybe a little too ambitious) + +Some whack EQNR fd’s Getting into a better EQNR position asap + +It also seems like a lot of LNG and energy companies are reporting on 2/24… a bunch of good forward looks could spur a jump across LNG stocks + +Please feel free to roast or share your insightful insights +My friends have gotten into “investing” in the last 6 months. To be fair, I too have not been invested through a bear market, but I have been in the market longer than them. Namely, they’re in hot sectors and penny stocks atm. Is stock selection really as hard as i make it out to be in my head, or are my friends naive to greater market forces? Will tougher times come, or is this the nature of the new age market with seemingly endless supply of Fed Bucks? I’ve just seen them make killer returns in the interim and want to let them know that things may not always be like this without sounding like an ass. +I'm a student in a shitty third world country. The pay here is around $100 a month, and on top of that as a student it's impossible to find a job. Before my college started, I worked for about 2 months and got $250. I have decided to invest that into crypto. + +Now I'm looking for a way to earn more money, so that I can invest more. I looked at some old posts and most of the comments said that the best and efficient way is by being active on this subreddit. I've heard that guys here earn hundreds of dollars a month just by posting and commenting on this subreddit. That would be better than getting a job for me. I want your advice guys. How do I do it? + +And I'm pretty sure there are people who are in a similar situation as I am in. I want to hear from you guys about your experience with this. + As you can see, I ended up with an account number of around 500,000. The main DRS wave hit superstonk around July/August 2021 if I remember rightly and, I'll be honest, I wasn't on board from the off. So many questions and concerns... is it easy to sell in computershare, what're the benefits, can I be bothered with the effort, what if MOASS kicks off without me?? + +That last one in particular weighed more heavily on my mind than anything. Fuck this shit. I'm not missing the squeeze. I've been through too much already to miss out on something that's not a guarantee. I'd sat through all sorts of shit like everyone else. Mar 10th was brutal in particular. + +Each and every day felt like tomorrow was finally here. It HAS to be today, there's so much going on, price volatility, hype, corruption uncovered, RC tweets that HAD to mean something, Fidelty being hit with thousands of US apes DRS'ing; I won't risk it I think to myself. Days turned to weeks. Still no squeeze. And finally, I realised the biggest FUD I'd encountered since Feb when I joined in. "MOASS is tomorrow". + +If this mentality is what's stopping you, remove it. **Now**. I said that to myself every day last July, and August, and panicking during September too. Guess what. Nothing happened. Well, SOMETHING happened; I got off my ass and DRS'd to get those shares in MY name. And THAT was the real result. + +Things were WAY harder then from the UK having to first transfer from Degiro, paying 55 euros to do so. Eugh. Fine, I'll do it. + +Then I had to open an IBKR account, deposit funds, piss about with currency and settings, scan my letters in to both parties as pdf, and wait weeks for anything to happen. Finally my XXX shares made it over to IBKR and I immediately initiated a DRS request. Around 7 days later, the action seemed to complete their end and I had to wait for the letter to arrive from the USA. + +And I waited. And waited. + +4 weeks later, this baby arrived on my doorstep. + +&#x200B; + +https://preview.redd.it/s6g0alycfo3a1.png?width=1440&format=png&auto=webp&s=59eaaef08b746bd436631353581b09fa85c8d5dd + +You're nearly home. All the hard work is starting to feel worth it and, guess what, **you missed nothing**. + +One more major hurdle to overcome back then... a call to the USA to receive my security code. Shit, my phone doesn't support international dialling. So I convinced work to give me a VoIP line that I need for 'customer calls'. (more effort) Called at some time late evening here, half an hour, then done. Waiting game was back on. By now I was slightly calmer about that :) + +*ComputerShare have since streamlined this process greatly. Letters come from the UK, the security code can also now be obtained via local number dialling, and the whole thing takes 2 weeks, not 6 or 7.* + +The code came through, I activated my account, and there was my glorious purple circle. All the doubts removed. All the effort rewarded. **I was no longer a bystander, I was a participant**. + +Why is this important? + +I understand it can seem daunting. + +I understand that some of the FUD still lingers in your mind and DRS'ing seems pointless for you, thousands of others have done it and we're not home yet so what difference will you make? + +But here's the thing. The calm. I cannot stress how this changes things. Price movement? Didn't care anymore. MSM FUD? Who gives a shit. Brokers pulling shady fuckery? So what. + +I WILL get a dividend straight to me. I AM a shareholder in name. I DO have the right to communicate with gamestop (investor relations) - and have done so - since they can see who I am. I'm a **legitimate** shareholder. + +Do it, you won't regret it and it isn't so difficult that you cannot achieve this. You've done harder things in your life, right? Please listen: MOASS won't happen without you. + +Actually, let me finish by emphasising that differently... + +&#x200B; + +**MOASS won't happen without YOU.** +Edit: just completed it! + +HireVue is awkward. There's no way around it; it's difficult to look at the camera while simultaneously watching that time bar go down. All things considered, I think it went relatively well. We'll see where things take me. +Let's say company X is indebted to company Y for some amount. If company X were to acquire company Y through a leveraged buyout, what happens to the debt? Can company X use its own outstanding loan balance as collateral in the buyout? +https://www.domain.com.au/news/the-pockets-of-sydney-where-more-than-a-third-of-rentals-were-discounted-domain-data-1016125/?fbclid=IwAR24vnCYul2_K2tMPoe1mdUS5of4stSAVZ3zBo45DIn3_Ac1fAPGOJ9GrYs + +This will be fascinating to watch over the next 12 months. With 65% of investors using negative gearing and already taking a loss in the hope for future capital gain. + +This could well be a recipe for disaster if rents continue to fall with zero immigration as thousands of units are under construction in Sydney and Melbourne. That doesn’t even factor in those leaving the cities due to now being able to work from home and move to cheaper outskirts of town + +What’s everyone’s thoughts? +\- Are there any implications to doing this? + +\- I know applying for any financial product shows up on a credit report, will this affect any applications for credit in the future? + +\- I'm also in the market for buying property (my first) later this year, should I switch before or after this? + +\- Is it worth keeping the accounts I have open after I've moved my funds out? + +\- Is there any chance of negotiating the interest rates with my current bank? +There's a large scale DDOS attack going on on pretty much every bitcoin related website: exchanges, bitcointalk, bitcoinity, etc. It's very obvious that this is an attempt at causing large scale panic, only to allow the attacker(s) to buy in at a low price the moment they decide to stop.