diff --git "a/reddit_finance_43_250k_40.txt" "b/reddit_finance_43_250k_40.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_40.txt" @@ -0,0 +1,10000 @@ +EDIT 7: Gamestop twitter bio cheat code. Cheat code in wreck it ralph. Box office total for wreck it Ralph.... 471...👀 + +Movie 2 Ralph breaks the internet... blackout... The gamestop logo blackout that happened....😳 + +Digging into the movie and i keep seeing 741 +look at the reviews count here - https://www.amazon.com/Disneys-Ralph-Internet-Talking-Vanellope/dp/B07FHBBMMG?ref_=d6k_applink_bb_marketplace +Look at the followers for the animator of Ralph +https://www.pinterest.ca/pin/171136854561694231/ + +Update: The reviews on this toy and the animator followers have both incremented to 742 today. Unsure if this was coincidence, but I saw 741 so it made it into the post. + +It just keeps happening.... + +FINAL EDIT: Some of all of this could be wrong. This was simply a brain dump as I discovered 741. I do firmly believe that Dreyfus and BNY and Merrill Lynch all conspired to hide this bag of FTD in options. None of this is to be taken as fact, and hopefully it inspires others to dig into this more. + +I am humbled by the information that has been sent my way in the last 24hrs. It has opened my eyes to a much larger black hole than I could have ever imagined. Again! This could all be wrong, take it as such + +IF BY SOME CHANCE IM RIGHT HERE WE NEED A MELON TWEET RC OR A TWEET WITH NO 741 REFERENCE. MELON PREFERED! +tl;dr - FANG Director wants to know how to get headhunted for CTO/COO roles at small market cap ($2-$10B) public companies. + +Longer version: + +Background: Currently a Director of Engineering at a FAANG leading a 200 person org and making between $1M and $2M, depending on where the stock is at. Getting to the next level of income means making VP, which is extremely hard for those who have a < 10 year tenure. I’ve jumped around every 3-4 years. + +I do get approached by recruiter frequently for VP roles at “smaller” companies (say Oracle, Dell) but they pay less than what I make. Even SVP is close to what I already make (Please correct me if I have this wrong). + +I also get approached by fast growing $1B valuation startups for VP roles. They offer good equity and a shot at a potentially big payout but I don’t have the heart to do it as I’ve seen as many busts as I have successes. And the CTO roles are already taken by one of the founders (rightfully, generally). + +What I do know is that a small public company ($5B market cap) of 1000 employees that I spent a year at paid their CEO $5M and CTO $3.5M, as it was in their SEC docs. I would love to be in a CTO or COO role in a company like this, and not just for the money. The impact and autonomy in roles like that is really attractive. However, I simply don’t get recruiters contacting me for these roles. Any tips on how to go about it? TIA! + +For those already there, would love to hear your story as well! +Find something productive to do like a normal healthy mammal. Eat some ice cream, do some push-ups, try doing a couple rounds of meditation. Stop worrying too much about the ticker. Don’t you understand that we are 100% safe. Trust in the fucking DD ESPECIALLY when it’s a DD coming from atobit because LOOK. He was right. The man knows what he’s talking about. He’s always right. Just remember the fight is pretty much over and now all our job is is to sit and wait for hot tendies. Nothing more. The battle is already won. +For quite some time now, I've been saving to buy a new house. I've decided to wait for another year, more likely two. I have about 50,000 in savings. Right now it is in a bank earning low interest. I've been thinking of buying a relatively stable "high paying" dividend stock with it to get something nice in the way of earnings from it, but with the understanding that it will be parked there only temporarily and will be pulled out in a couple of years for a house purchase. I already own, a number of stocks that pay 5, 6 or more percent in annual dividends. I'm not so much focused on price appreciation, though I certainly wouldn't say no, but am more interested in receiving dividend earnings until I actually do need the money. I'm thinking maybe Altria, Kinder Morgan, Verizon or something like that (meaning returns over 4 percent). Does this make sense? If so, any suggestions for stocks with a generous dividend payout, but a lower risk of loss of capital? +This DD is inclusive only of Canadian-specific companies involved in the new psychedelic industry. + +**Summary:** Invest in $NUMI, $FTRP and $HAVN. + +For a simple mini-ETF I would recommend a weighting of 50% $NUMI, 25% $FTRP and 25% $HAVN. + +These three companies are the clear Canadian front runners in the Canadian industry. They all have fantastic management teams with some big name executives and advisors. All other companies, at this time, are in my opinion highly speculative in comparison. + +These three companies combined effectively provide exposure to all market segments: + +* full spectrum of compounds +* drug development +* clinical research +* scientific IP development +* health & wellness +* consumer brands & products +* wellness clinics +* virtual mental health care +* practitioner training +* policy reform + +All three companies combined effectively provide exposure to all relevant market compounds: + +* Psilocybin, psilocin, MDMA, DMT, mescaline, and ketamine + +**Market Overview:** [https://imgur.com/a/A1YYaQT](https://imgur.com/a/A1YYaQT) + +**Numinus Wellness Inc** + +[https://numinus.ca/](https://numinus.ca/) + +**Company Description:** Numinus Wellness Inc is engaged in the business of providing integrated health services. It provides health related therapies and respective research and development; analytics, testing and research of various controlled substances. The company's revenue is derived principally from the administration of traditional therapy services, provided by practitioners in its clinic. + +**Mission:** Addressing the universal desire to heal and be well. + +**Operational Focus:** Drug Development, Clinical Research + +**Financials:** + +* Second best cash position in Industry: $19,305,763 +* Second best Total Assets position in Industry: $23,244,921 +* Sales Revenue Positive. + +**Health Canada Licenses:** Research License, Dealer’s License, Cannabis testing licence + +* Dealer’s licence to import, export, possess, test, and distribute MDMA, psilocybin, psilocin, DMT, and mescaline +* Cannabis testing licence to provide 3rd-party analytics & testing services for revenue + +**Psychedelic activities:** + +* First public company to complete a legal harvest of psilocybe mushrooms +* Developing standardized extraction and testing methods for use in R&D partnerships and contract research services +* Exploring product formulations for use in clinical trials +* 7,000 sq. ft. laboratory with top-of-the-line equipment and strong research team + +**Clinical Research:** + +* Clinical research unit for therapeutic protocol development & policy work +* Developing protocols tailored to different mental health conditions, from depression to PTSD to addictive disorders, so patients’ unique needs are heard and met +* Accelerating patient access to in-development MDMA and psilocybin protocols through Compassionate Access for those in most need + +**Numinus Health:** + +* Therapy delivery through clinics and virtual care +* Psychedelic-assisted psychotherapy protocols developed by Numinus R&D +* Non-psychedelic therapeutic services within an integrative health model, to supplement the psychedelic therapies and maximize the client base +* Optimizing physical design to meet leading industry standards, including MAPS recommendations +* Developing virtual platform to broaden Numinus’s audience reach + +**2021 Objectives:** + +* Development of integrative treatment model, including clinics & virtual services +* Implementation MDMA protocols + +**Latest Key News:** + +* December 2, 2020: Numinus and MAPS Public Benefit Corporation announce collaboration agreement to seek approval of MDMA-assisted psychotherapy for PTSD single-arm, open-label trial +* November 18, 2020: Numinus Announces Compassionate Access Trial of Psilocybin-Assisted Psychotherapy for Substance Use Disorders +* October 22, 2020: Numinus First Canadian Public Company to Complete Legal Harvest of Psilocybe Mushrooms + +&#x200B; + +**HAVN Life Sciences Inc** + +[https://havnlife.com/](https://havnlife.com/) + +**Company Description:** HAVN Life Sciences Inc is a biotechnology company engaged in the business of the research and development of psycho-pharmacological products, including the formulation of standardized psychoactive compounds derived from fungi. The products of the company will help to improve mental health and human performance. + +**Mission:** Our mission is to unlock human performance using evidence-informed research. We are focused on standardized, quality-controlled extraction of psychoactive compounds from plants and fungi, and the development of natural health care products from novel compounds. + +**Operational Focus:** Drug development, Consumer Branding & Retail, Clinical Research + +**Financials:** + +* Excellent balance sheet ($7,361,424 Total Assets with only $41,109 Total Liabilities) +* No sales revenue yet. + +**Health Canada Licenses:** Research license + +**HAVN Labs:** + +* HAVN Labs operates from a state-of-the-art research facility location at the University of British Columbia. +* This GMP laboratory that will be dedicated to growing and developing extraction methodology of psychoactive and psychedelic compounds. +* HAVN has secured a Health Canada research license. +* HAVN believes that it will secure a Health Canada Dealer’s Licence in 2021. + +**HAVN Retail:** + +* HAVN Life will be developing custom formulations that will deliver natural health products with increased bioavailability to support better quality outcomes. +* Through in-house product formulation and brand acquisition, HAVN Life will also have a defined route to market. +* Our initial psychoactive microdosing products will be derived from novel psychoactive compounds. This does not require Health Canada Licensed Dealer status. +* During Phase 1, HAVN Retail will formulate and sell products through online retailers and HAVN Life’s website. + +**2021 Objectives:** + +* Health Canada Dealer’s License Approval (Application made in October 2020) +* Supply Clinical Trials with GMP Certified Compounds +* HAVN Retail will be manufacturing & distributing at scale +* Formulate Psychedelic Therapies for Clinical Trials + +**Latest Key News:** + +* December 8, 2020: HAVN signs Memorandum of Agreement to supply psychedelic compounds to clinical studies focused on PTSD. +* November 11, 2020: HAVN receives approval from Health Canada for launch of initial seven natural fungi health supplements. +* October 20, 2020: HAVN secures first contract for the sale of psychedelic compounds + +&#x200B; + +**Field Trip** + +[https://www.fieldtriphealth.com/](https://www.fieldtriphealth.com/) + +**Company Description:** Field Trip is a global leader in the development and delivery of psychedelic therapies. With Field Trip Discovery, the company's research division, leading the development of the next generation of psychedelic molecules and conducting advanced research on plant-based psychedelics, and its Field Trip Health division building centers for psychedelic therapies across North America and Europe along with the digital and technological tools that will enable massive scale. + +**Our mission:** To bring the world to life through psychedelics and psychedelic-enhanced therapies. + +**Operational Focus:** Drug Development & Wellness Clinics + +**Financials:** + +* Largest Cash Position in Industry: $31,442,025 +* Largest Total Assets Position in Industry: $39,868,694 +* Best Cash % Total Market Cap in Industry: 14.90% +* Sales Revenue Positive + +**Health Canada Licenses:** None + +**Drug Development:** FT-104 + +* FT-104 is the first drug candidate in development by FT Discovery. FT-104 is a next generation, synthetic psychedelic molecule whose design is, in part, based on classical serotonin 2A psychedelics. +* Patents are pending on FT104’s structure, formulation and use in treating a variety of central nervous system disorders. +* Preliminary results for FT-104 demonstrate positive results. +* Field Trip anticipates that FT-104 will enter into Phase 1 clinical trials in the second half of calendar year 2021. +* New chemical entities (NCEs) such as FT-104 maximize potential for proprietary compounds and patent protection. + +**Research & Lab Operations:** Psilocybin-producing Fungi Research and Cultivation + +* Field Trip operates in collaboration with the University of West Indies (“UWI”) at our Jamaica Facility located on the UWI campus. The Jamaica Facility became fully operational in October 2020. +* Field Trip selected Jamaica for Psilocybin research and development because Jamaica is one of the few jurisdictions in the world with a legal environment that would permit such activities with no regulatory requirements for psilocybin. +* Since January 2020, Field Trip has successfully cultivated 24 varieties (from 13 different species) of psilocybin-producing fungi and truffles at its Jamaica Facility. + +**Wellness Centers:** Field Trip Health Centers + +* Field Trip Health is focused on: (i) building out the clinical infrastructure needed to deliver psychedelic therapies at scale; and (ii) developing digital tools to enhance and optimize the therapeutic experience in our health centers and beyond. +* Through our Field Trip Health subsidiaries, we are seeking to create a global brand of trusted clinics for ketamine-enhanced psychotherapy, psychedelic-enhanced psychotherapy and psychedelic-integration psychotherapy, enabling patients to more effectively and affordably address depression, anxiety, addiction and other conditions. +* While the use of ketamine in KEP is considered “off-label”, such use is legal under medical supervision. As such, ketamine is currently the only legal psychedelic medicine generally available to mental health providers in Canada and the United States. +* Total 6 centers for psychedelic medicine operating by Q4 2020. +* Scaling to 75 centers by 2024. + +**2021 Objectives:** + +* FT-104 is concurrently undergoing optimization and cGMP scale- up, as well as pre-clinical evaluation, both of which are expected to be completed by June 2021. Field Trip anticipates that FT-104 will enter into Phase 1 clinical trials in the second half of calendar year 2021. +* Aggressive expansion of Field Trip Centers. + +**Latest Key News:** + +* November 19, 2020: Field Trip and WHOOP announce partnership to measure effect of psychedelic therapies on physiology and mental health. +* November 5, 2020: Field Trip prepares to enter Oregon Market following the passage of Measure 109 in Oregon, creating the first legal market for psilocybin service. +At the moment, we have a national debt of about 28T USD, of which 21T is held internally, agency to agency. Coincidently, the US GDP is about 21T USD. Service on foreign-held debt is about 500B USD annually (7% interest). So that means that foreign debt service is about 2.3% of our income. + +Conventional advice given to homeowners regarding debt is that the mortgage service should not be more than 25% of your income. That advice would imply that the US income could carry a much bigger debt load than it has now. + +If internally paid interest is budget neutral, at what point does foreign-held debt become a threat? +At the moment, we have a national debt of about 28T USD, of which 21T is held internally, agency to agency. Coincidently, the US GDP is about 21T USD. Service on foreign-held debt is about 500B USD annually (7% interest). So that means that foreign debt service is about 2.3% of our income. + +Conventional advice given to homeowners regarding debt is that the mortgage service should not be more than 25% of your income. That advice would imply that the US income could carry a much bigger debt load than it has now. + +If internally paid interest is budget neutral, at what point does foreign-held debt become a threat? +So, here is one annoying thing I see here and elsewhere. + +Let's say someone claims that they are making 4 percent or so a month on options (say, call credit spread). They say it's conservative, not that risky, and easily doable. + +Then, someone responds: no, it's impossible, dude!! That's 50 percent return a year!!! No way that can be done. If it was this super easy that it can be done by a retail investor, why don't the big guys at Wall Street do it? Even the biggest HFs and other financial institutions in Wallstreet don't make more than 15% a year!! + +Ok, hot shot. Here is the deal. It is extremely easy to make ~4% a month (50% a year) when you have small capital. So, why is everyone else not doing? I'm sure there are hundreds of thousands folks (retail investors) out there doing exactly this. + +But, the more capital you have, the more difficult it gets to make such returns. So, the big guys will NEVER, EVER have that kind of return!! + +SO, PLEASE STOP SAYING "if it was this easy everybody would do it....the big guys who have thousands of experts would do it....are you saying you are better than this financial wizards?" and so on. + +So, yes, you can EASILY beat the giant financial guys every single year without much trouble when it comes to return percentage. + +A 50% a year on 20K is 30K. A 50% on 2 Billion is 3 Billion. The latter is fucking impossible, the former can be easily done. + +Things are different even for retail investors with different cap size. Like, getting filled 10,000 contract ($1mil) at a good price is a pain in the ass while getting filled 100 contract ($10,000) is super easy. The former will have a hard time executing contracts at a sweet price (hence less return) while the latter can do that at ease (more return). + +So, yes, it's pretty easy to beat big fin guys with small cap account. And, beating them is nothing to be proud of. In fact, you are doing something SERIOUSLY wrong if you are not beating them. God, the average HF return is like 5%. Just put money in SPY and beat them every single year till you die. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- 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 on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +> Google is exploring an investment in Vodafone’s struggling India business in a move that could pit the US internet group in a battle against Facebook for the world’s fastest-growing mobile market, according to people familiar with the matter. + +>One of the people said Google was considering buying stake of about 5 per cent in Vodafone Idea, a partnership between the UK telecoms company and India's Aditya Birla Group that has been under severe financial strain. Another said the process was at a very early stage. + +>Any push by the Silicon Valley-based company into India would come against a backdrop of intense interest in the country’s booming mobile sector. Reliance Industries’ Jio — owned by Asia’s richest man Mukesh Ambani — has in recent weeks secured more than $10bn in investment from Facebook and private equity groups including KKR, General Atlantic, Vista Equity Partners and Silver Lake. + +>Google parent Alphabet has also held talks about acquiring a stake in Jio, and although discussions are still ongoing, it has lagged behind its rival in securing a deal. Pursuing Vodafone Idea would potentially pit Google against Facebook and an increasingly dominant Jio but the company could also make multiple investments in India. + +>Google’s effort to follow Facebook in securing a foothold in India highlights the appeal of the country, where telecom operators enjoy hundreds of millions of subscribers each. + +>Jio was able to attract this money [into India] first; now everyone else wants to play catch-up Anshuman Mishra + + +>Even as India’s two-month coronavirus lockdown upends economic activity, many of these users are consuming more mobile data than ever before and turning to services such as digital payments and online shopping in increasing numbers. + +>But US companies have faced competition from Chinese investors. Rising anti-Beijing sentiment in India linked to coronavirus prompted New Delhi last month to tighten restrictions on Chinese foreign direct investment. + +>“There aren’t that many options for big foreign tech companies to invest in India,” said Anshuman Mishra, who advises Asian corporations on strategy. “Jio was able to attract this money first; now everyone else wants to play catch-up.”  + +>Google has long harboured ambitions for India. It has pushed its Android mobile operating system in the country, though an effort to launch a version tailored for emerging markets had mixed success. But its mobile payments service has grown rapidly since its 2017 launch in India, becoming one of the most popular in a crowded field. + + +https://www.ft.com/content/3f763918-d0b1-4a02-a581-e241753c75eb +**Update: The new members-only flair is now live. As a reminder, this is being done on a trial basis, and mods may take measures to limit the number of "Verified Members Only" posts. Please contact us via modmail if you wish to verify. Thresholds for US residents are $150K / year income or $1M in assets. We are also considering ways to verify based on formal and informal expertise. Thank you.** + +Based on feedback from several of our members, the mods are looking to trial out an optional 'Verified Members Only' post flair. When this flair is used, all comments posted by non-verified members would be removed by the auto-moderator. + +This approach is used by several other subreddits for a range of reasons, but generally it reduces the total number of comments while (hopefully) amplifying more relevant comments. This can be particularly valuable when discussing a sensitive topic which might otherwise draw judgment or harassment. Given the usual civil discourse in this sub and the value our members get from a wide range of opinions, we would hope for this flair to be used sparingly. + +We do expect that this may lead to a surge in interest in verification, and we will work through those requests as received. Most members opt to send in account screenshots - with names, account numbers and any other identifying information removed - via a private imgur link. However, we are willing to discuss other options as requested. + +This trial is tentatively scheduled to start on Monday, November 9th, and may ended or paused as needed. In the mean time, I would encourage our members to submit questions and feedback, either for or against this concept. You can do so by leaving comments on this post or via modmail. + +Thank you. + +**EDIT: For those inquiring, member flair for those on the path to FatFIRE starts at $150K in income or $1M in assets. That is not meant to define a threshold for FatFIRE itself - we do not have a set limit - however, these are the minimums needed to have your account verified at present. As mentioned, we are also open to discussing alternative proof on a case-by-case basis.** + +**EDIT 2: We are also looking for options on how to create a path to verification for those who have relevant expertise (formal or informal) but not necessarily a high level of wealth or income, and for those who do not want to share their financial details. We will be discussing this idea among the mods (and potentially among the already-verified users) but please let us know if you have suggestions.** + +**EDIT 3: For non-US members we will scale the income / assets by comparing median income from your country to the US. So if your country's median income is 75% of the US then you only need 75% of the income / assets. There will be an undisclosed minimum for international verifications, though again you can talk to us to discuss your own specific situation.** + +**Also, the intention is for 'Verified Members Only' threads to make up perhaps 5 - 10% of total posts, and we will look at methods to enforce this if necessary. This should be the exception, not the rule.** + +**Bottom line - I know some of you have serious concerns about this approach, and there is a reason why we are doing this as a trial before we fully commit.** +i am tired of ppl that are usaully either married to money or use daddies money, tell me "mAKe cOfFee at home" or sell extra crap on ebay etc, this stuff wont do a dang thing untill your main job pays well. i am tired of ppl trying to tell me different. being frugal helps but wont turn your finances around +TLDR; I'm looking for some inspiration for stocks (Battery/EV space) to do DD in 2022 + +I feel like I'm in a rut with my research and I want to diversify a bit, butI keep coming up with the same stonks in the Lithium/EV space. + +Anyone got any suggestions for me to do DD in this space? I was hoping to compile a list in this space to tick off with DD (if its any good I'll share it, but I have hardcore impostor syndrome when it comes to my own DD lol) + +I hold: LKE, VUL and ACDC in this space. +My mom died and in a few weeks I will be receiving an inheritance of $49,250. +I am a 26 year old female about to start my second year of medical school. I am getting married in later this year and my fiancé and I own a house together. He makes $38,000 a year before taxes. Our finances are combined so I only take out loans to cover actual tuition for school and he pays all living expenses. + +We do not have credit card debt. I have roughly $95,000 in student loan debt and will have close to $200,000 by the time I am done with school. My fiancé has less than $5k student loan himself. + +I am planning to put $10,000 in a savings account as my emergency fund. This would cover 6-9 months worth of expenses. + +We just had a wind event in our city and are getting a new roof as a result from insurance, but we want to remove the giant tree in our backyard that isn’t covered by insurance. This will be roughly $5,000. This is a huge priority because it will give us peace of mind. + +I opened a Roth IRA when I was working full time after college. It currently has ~$5,600. I contribute $25 a month to it now just to contribute something while I am a student. My fiancé also has an IRA. + +With the remaining ~$35,000, I would like to invest but don’t know what the best course of action would be. My first thought is to max out both of our IRAs, but… then what? I want to be smart about investing the money but don’t know much beyond basic investment accounts. Any advice is much appreciated! + +TL/DR: wanting to invest $35k of my inheritance money. Not sure what options I should look at besides maxing out Roth IRA. +Smart Beta: An Approach to Leveraged, Market Neutral Long-Short Strategies + +*Background: I have been reading this sub for a while and impressed with some of the experience here, so I wanted to share a (probably way too long) project i am working on in the hopes of getting some helpful feedback. I am a current MBA student at a top 10 program. I have no industry experience within finance, aside from an account with an investment manager and a few years of lurking on WSB. Over the past year, I have gotten more interested in automated trading strategies and have been researching and ideating different approaches. The strategy I am outlining below seems to be promising, though I am not sure if the real world results will line up with the expected return.* *Any feedback is hugely appreciated,* *I am trying to master some basic strategies before moving on to more complex approaches. I welcome people poking holes in this - I am considering funding an account with my savings and see if the first quarter returns track with my predictions.* + +*Disclaimer: I have not gotten to the programming/implementation phase yet where this would be input into a quant program, this is just an outline of what the strategy would look like. I am interested in the quant side of things as a way to automate this process, and run numerous different tests and iterations of assets and scenarios in order to increase its accuracy.* + +1. Overview + +In the MBA program I am taking, a number of market strategies are outlined in our classes - well known academic approaches including CAPM, Fama-French, Sharpe Ratios, Efficient Frontier, and Applied Linear Regression. These concepts are all compelling, and I have been thinking about ways in which to combine them all into a rules-based approach which reduces risk while outperforming the market benchmark. One promising way to do this, in my opinion, is through a “smart beta” approach which would look to achieve better risk-adjusted returns to the market-cap weighted strategies of passive investing. Plenty of research has already been done on this topic relating to factor weighting and semi-active investing, including Lo ([Can Hedge Fund Strategies Be Replicated?](https://alo.mit.edu/wp-content/uploads/2015/06/CanHFReturnsReplicated2007.pdf)) and Asness ([Buffett’s Alpha](https://www.nber.org/system/files/working_papers/w19681/w19681.pdf)). + +Exhibit 1 - Smart Beta Illustration + +&#x200B; + +https://preview.redd.it/sxws0mvlah661.jpg?width=1280&format=pjpg&auto=webp&s=f2d9bfa4f98dd7c883b50f10169a85276e9992fe + +I wanted to test these theories, to see if they could be applied to a “total market” portfolio with exposure to major sectors, indices, and factors which drive the market, but are more carefully selected than a buy-and-hold the S&P approach that an average retail investor might take. In fact, Smart Beta approaches have been claimed to be more successful when applied to a broader set of assets and asset classes ([*AI-CIO*](https://www.ai-cio.com/news/how-to-implement-smart-beta-strategies/)*).* In order to do this, I have run through the following steps and come up with what seems to be, on paper, a way to accomplish this. It includes elements of Portfolio Optimization/Efficient Frontier, CAPM and Fama-French, Linear Regression Predictions, and careful use of Leverage. Below, I lay out my steps and initial results. + +&#x200B; + +https://preview.redd.it/5datrhrmah661.jpg?width=1280&format=pjpg&auto=webp&s=db7ab41acdf9ab87eeaf07079d0bbca8e0d344c9 + +1. Portfolio Selection + +Since I want to test whether these academic theories provide value in the broadest sense, I attempted to create a highly diversified portfolio, reflective of large portions of the market, which can still outperform the benchmark through careful selection and risk management. To do so, I chose only ETFs which have one of the following elements: 1) represent a broad market sector 2) have outperformed the market recently 3) are Factor-based on the traditional high-performing factors (which are known to be: small cap, momentum, value, quality). + +After reviewing historical performance, and removing those selections which would not have significant weight in the efficient frontier portfolio, I selected the following list of ETFs: HYG (High yield corporate bond); QUAL (Quality factor); MTUM (Momentum factor); DGRO (Dividend growth); FXI (China large cap); ACWF (MSCI multifactor); ARKK (ARK innovation); QYLD (Nasdaq covered call ETF); XT (Exponential technologies); IYH (US healthcare); SOXX (Semiconductor); SKYY (Cloud computing); MNA (Merger arbitrage); BTC (Bitcoin); XLF (Financial Services). + +Next, I pulled historical price data from Yahoo. I chose the timeframe of monthly returns from 2016-current. This is because certain ETFs only go back that far, and I figured this was enough data points (55) through diverse enough market conditions (bull market, trade war, Covid, etc.) to be valid. Then, I calculated the monthly return for each month for each ticker, and created a grid for each ticker with the key information I am seeking: Average Monthly Return, Average Annualized Return, Annualized Volatility, and the Sharpe Ratio. + +**Exhibit 2** \- Monthly and Annual Returns, Volatility, and Sharpe Ratio + +&#x200B; + +https://preview.redd.it/1sl58kdoah661.jpg?width=1280&format=pjpg&auto=webp&s=80e04e5c6479871fc878f8d83b5837081d937098 + +I also calculated the same data points for what we’ll use as the Benchmark (IVV = S&P500 Index), which came out to: Average Yearly Return: 15%, Average Monthly Volatility: 4.5%, Yearly Volatility: 15.5% and Sharpe Ratio: 0.97. + +1. Optimal Portfolio Calculation + +As we know, buying and holding any portfolio at an indiscriminate, or market-cap, weighting is not necessarily the key to achieving optimal returns. So, next I attempted to construct a portfolio with the proper weighting with the goal of maximizing returns and decreasing volatility (i.e. achieving the highest Sharpe Ratio possible). + +For this step, I created a grid of the average Expected Excess Return (annual return minus the Risk Free Rate (1 year Treasury)) for each ticker, and the average annual volatility. I also created a blank chart with a weighting percentage for each ticker, which I left blank for now. Next, I created the formula for the total portfolio expected return: + +*(Ticker 1 exp return \* ticker 1 weight) + (Ticker 2 exp return \* ticker 2 weight) … + (Ticker t return \* ticker t weight)* + +And the total portfolio Volatility: + +*SQRT (Ticker 1 volatility\^2 \* Ticker 1 weight \^2) + …. + (Ticker t volatility\^2 \* Ticker t weight\^2)* + +And finally the Sharpe Ratio: + +*Portfolio Exp Return / Portfolio Volatility.* + +Now, the weights are blank but the formulas are ready to go. I then use the Excel data analysis add-in SOLVER to run through every possible combination of weights in order to achieve the maximum potential value in the Sharpe Ratio cell. + +**Exhibit 3** \- Optimal Portfolio Solver + +&#x200B; + +https://preview.redd.it/q2g78kgqah661.jpg?width=1280&format=pjpg&auto=webp&s=74feed56101450ec2c835702ab5fef815acdba0b + +I was surprised and excited to see an output with an extremely high Sharpe ratio - 3.77 compared to the Benchmark 0.96. (*I’ll come back to this later, as the other way I calculated the Sharpe Ratio later on is much lower, though still higher than the benchmark.*) + +1. Leverage / MVE Portfolio + +So, now we have the optimal weights, but can we do better? One way to potentially increase returns is through the use of leverage. So we can include the use of leverage (standard 2x) in our portfolio by doubling the weights (e.g. 21.2% weight instead of 10.6 on HYG, for example), or, alternatively, using a Weight on MVE formula based on the investor’s level of risk aversion. + +I am also looking into short selling risk free rate equivalents (SHV, NEAR, BIL) to further increase leverage. + +*Output of the expected MVE / leveraged portfolio are: Expected yearly return ; Expected yearly* + +*volatility, Sharpe Ratio* + +The addition of the MVE portfolio with leverage increased returns over the Benchmark by 88%. + +Ultimately, the increased leverage increases the volatility significantly, which is why the MVE portfolio has a much lower (1.34) Sharpe ratio compared to the Optimal Portfolio calculated by Solver (3.77). + +1. Factor Analysis - CAPM and Fama-French 4 Factor + +I ran a CAPM and Fama French analysis to determine the Alpha, Beta, and factor-weighting of the portfolio. The analysis runs a regression on the following historical performance factors: Size (Small minus big), Value (High book to market minus low), and Momentum (Up minus Down). The CAPM Beta was 0.81, and the Alpha was 0.004, consistent with a low Beta, market neutral approach. In the Fama French model, we got a high weighting on Momentum Factors, and minor positive weighting on Value and Size. The Beta was even lower in the Fama French, further justifying our approach. + +**Exhibit 4** \- Factor weighting + +&#x200B; + +https://preview.redd.it/xbifnarsah661.jpg?width=1280&format=pjpg&auto=webp&s=46413d6cd16ff68f553719e1ce3bef58261a6ec1 + +1. Regression analysis - Colinearity + +In order to try to supercharge our returns - I aim to build a predictive regression model to help determine optimal bet sizing and direction. To do this, we need to find the proper coefficients from which to build this model. I took the following steps to do this. First, create a correlation matrix of the our portfolio against the components individually. + +**Exhibit 5** \- Correlation matrix + +&#x200B; + +https://preview.redd.it/j2tmvq4uah661.jpg?width=1280&format=pjpg&auto=webp&s=5e26c87ea8fe81a300ed0ecbbf2948da9b5396d4 + +We aim to remove all the highest correlated assets, which are plentiful. To test this further, we’ll also run a full regression across the portfolio and its components. The output is not helpful, with an R-squared of 1, indicating it is likely not of value. We can also compute the Variance Inflation Factor (VIF) of each asset, removing those with a value over 5. This leaves us with three non-correlated assets - FXI, BTC and MNA. The regression on these assets are consistent with our expectations, though not large enough to indicate a sure relationship. The R square is low, with a value of .49. But the P-Values are consistently low as well, and the Mean VIF has been reduced to 1.15, from 13.3. + +**Exhibit 6** \- Regression output - FXI, BTC, MNA + +&#x200B; + +https://preview.redd.it/4gd7yd6vah661.jpg?width=1280&format=pjpg&auto=webp&s=0e391145e02fe02d67b21be1c826940494328b5c + +This left me with what I thought would be an OK starting point of coefficients from which to create the predictive regression model. + +1. Long - Short Portfolio Construction + +So how can we do better? + +By using linear regression to predict estimates of next months return, and then go long positive predictions and short negative predictions. You want the Mean Square Error of the predictions to be low, but ultimately you just care more about whether it was directionally correct, not necessarily by how much. This is another way to increase the level of returns. + +Divide data into training and testing sets + +Regress expected monthly returns on your non-correlated returns over different time horizons. For this test, I chose timeframes that I felt could be leading short term indicators, from 1-3 months. Use the output coefficients to test the regression on the testing data set. For each month, use the coefficients to calculate the Predicted Return, the Long/Short signal, the Long/Short % return, and the Prediction Error. + +Of the 55 months, it correctly predicted the direction 42 of 55 months, including predictions to go short in Feb and March 2020, and flip to long by May. + +The addition of the Long/Short prediction increased the portfolios returns of the MVE portfolio further by an additional 72%. + +**Exhibit 7 - Comparative returns - SP500, MVE Portfolio, Long/Short MVE Portfolio** + +&#x200B; + +https://preview.redd.it/1uzdlyawah661.jpg?width=1280&format=pjpg&auto=webp&s=a0a2f79f89572716fb8626bca61c433755393fbb + +In order to risk manage and maintain the optimal weight - i will rerun the optimal weighting every month or every quarter. + +So, this is where I am at. And frankly, it seems overly optimistic. Where am I going wrong, what am I missing? + +Feedback appreciated. +My credit just took a nosedive, from 783 to 746, after I paid off Sallie Mae, which closed the account. I know that closing an account can have a negative result, but this is a shock. My average age of accounts should've gone up, and my total debt should've gone down too...Is this normal? Is there anything I can do about it? I am very frustrated to be penalized for paying off a debt. +My credit just took a nosedive, from 783 to 746, after I paid off Sallie Mae, which closed the account. I know that closing an account can have a negative result, but this is a shock. My average age of accounts should've gone up, and my total debt should've gone down too...Is this normal? Is there anything I can do about it? I am very frustrated to be penalized for paying off a debt. +I am on my phone so It is hard for me to do a fancy post with lots of links and stuff but I will do what I can And hopefully some sleuth apes take this and dig deeper. + +I started out googling No child Left Behind and Boston Consulting Group. This led me to this Blog by Diane Ravitch. She is an "educational historian" Served in some Gov educational positions and now fights the privatization of schools and all around seems to try to want to actually fix public education. She has a whole swath of posts written concerning BCG. + +https://dianeravitch.net/category/boston-consulting-group/ + +This shit goes deep and these are the people who are already digging. + +Look up your schools and see if they have used BCG. From what I can tell they have done "work" all over the place. + +Would love to do more research tonight but maybe some others want to dig more. + +Fuck these Crooks. + + + +Edit: Digging more and holy shit Margaret Spellings, former secretary of education under George Bush. She then went on to work a stint at a little known consulting group called BCG. + +https://en.m.wikipedia.org/wiki/Margaret_Spellings + +She did No child Left Behind + +She was also on the Board of the Apollo group + +https://www.sec.gov/Archives/edgar/data/929887/000119312512265951/d364792dex991.htm +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- 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. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + 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! + +Just a warning to all of you, if you want to take advantage of this juicy IV this time around, I highly suggest credit spread over any type of naked selling strategy and going in with a mind set of max loss. GME 1000c contract exists for a reason, it will and definitely can reach that level with absolutely no reasons. These stocks are trading beyond fundamentals. +Get up and feel the rising tide, because waves are being made as we speak. + +After a wild ride this past week, Happy has stood out amongst the red market sea with a beautiful bounce back into stability... + +And there’s a **damned** good reason why. + +With all the news announced this week, this is the springboard Happy truly needs to fly. + +Just last week, Happy was sitting at a $10M mcap. + +Now it has more than doubled its support, solidified with over **70,000 holders** and a strong community to back it. + + +You might be asking why Happy has such a solid backing? + + + + - Simply put, because it’s an **insanely** good find. + + + +With an experienced, doxxed founder at the helm in a sea of lackluster shitcoins with no direction, Happy stands out as a solid team full of experience to lead a project to heights unforetold in the crypto market. + +Just the other day they doxxed yet another member with insane credentials and business acumen. + +Are you seeing what I'm seeing? + +But that’s not even the biggest hitter... + +The team right now is in full partnership mode in LA, meeting up and working with Jesse Wellens, who's locked in with the project, ready to utilize his platform of 10.7M Youtube subscribers. + +Are the neurons firing yet? + +Time to stop being a crypto magpie trying to find every shiny planet to orbit in a sea of stars, and fire up the rockets on a project with solid fundamentals, weekly donations, huge community, and partnerships that can also walk the walk. + + +Website - https://www.thehappycoin.co/ +So I don’t make a lot, only 20,000 rs atm but I am working hard to improve that. Currently looking at investing a meagre 5000 a month into maybe MF. + +Met an advisor the other day who said don’t look at the net gain or loss when into MF but try to focus as much as possible on the number of units and try to buy as many units as possible. So currently that is the only thing I am looking at. + +Any advice from you guys? It would mean a lot. Which is the best app? Best policy? Any other investment opportunities. Any other advice please let me know. +I've decided to compare my aldi receipt from +July 2021 compared to June 2022 +They say current CPI is at 10.1% projected to be at 13% + +1. Eggs were £1.18 (15 pieces) now £1.95 = +65% increase +2. Salmon fillet £2.49 now 3.29 = 32% increase +3. Tomato can £0.37 now £0.38 = 0.27 % increase +4. Spaghetti £0.23 now £0.39 = 69 % increase +5. Soft cheese £0.49 now £0.75 = 53% increase + +Now my basket is fairly similar to last year's and although I picked 5 of my most common purchases, +My costs have increased by a staggering 43%! + +If I input my petrol as well, it will be way higher. + +All our food baskets are different but I suspect the increases are similar. + + +They project CPI to be at 18% but I think that's still way off! + +Praise to the low earners making ends meet; all the best of luck because winter IS coming. + +Edit: tomato increase is 2.7% +&#x200B; + +[Credit: u\/PlasmaTune](https://preview.redd.it/2d3rvrkrl9a91.png?width=551&format=png&auto=webp&s=8ad6d9e764c06fde71bf9a9a3fe34a9c20764656) + +# The long awaited 4:1 GME Stock Split (in the form of a dividend!) has been announced! + +We are pinning this thread for easy access to information as people come to the sub to find out what’s happening. Special thank you to u/platinumsparkles for all the help putting this together! + +Looking for the DRS / Computershare megathread? [Check it out here!](https://www.reddit.com/r/Superstonk/comments/vp01of/drscomputershare_megathread_072022/) + +&#x200B; + +Let's start with a TLDR, *straight from* ***GameStop***: + +**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.** + +[GameStop Announces Four-for-One Stock Split | Gamestop Corp. (gcs-web.com)](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-four-one-stock-split) + +**Official SEC Links:** + +[8-K Official Filing](https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638022000100/gme-20220706.htm) + +[Official Press Release](https://www.sec.gov/Archives/edgar/data/1326380/000132638022000100/a991-stocksplitannouncement.htm) + +&#x200B; + +[Credit: u\/dckdstryr](https://preview.redd.it/lrwojgiul9a91.png?width=747&format=png&auto=webp&s=a17f1060bf3000b43c5d201bd28b0673b979f344) + +# FAQ | Let’s clear up some questions! + +&#x200B; + +**What’s the difference between a stock split and a stock dividend?** + +A stock dividend means dividend which is paid in the form of additional shares whereas stock split is a division of issued shares in the ratio as decided by the Company. In the Stock dividend, additional shares are given to shareholders whereas in stock split, already issued shares are split in an agreed ratio. No additional shares are allotted. + +In fact, the dividend aspect of the split only affects the company's accounting -- basically how much it keeps in its retained earnings account -- and not much else. By declaring it a stock dividend, GameStop's cash balances won't be affected by it as they would be with a cash dividend. + +&#x200B; + +https://preview.redd.it/9ccxaqixl9a91.jpg?width=955&format=pjpg&auto=webp&s=e75d76f0412951206aa7ec77836d4a47fe7c3f01 + +Sources: + +[https://www.educba.com/stock-dividend-vs-stock-split/](https://www.educba.com/stock-dividend-vs-stock-split/) + +[https://www.principlesofaccounting.com/chapter-14/splits-and-dividends/](https://www.principlesofaccounting.com/chapter-14/splits-and-dividends/) + +&#x200B; + +**What does this all mean?** + +Gamestop has announced they will be doing a stock dividend. After the dividend, there will be four shares for every one pre-dividend share. (So it is called a “4-for-1 split.”) In other words, if you have one share, you will get 3 additional ones. + +&#x200B; + +[1 share will now equal 4 shares](https://preview.redd.it/9bikz1y1m9a91.png?width=946&format=png&auto=webp&s=e5fb54b62f361d57a9a371935ac406ae3e5a9f96) + +**What will happen to the share price?** + +If the stock was at $135 per share, after the split, each share will be $33.75, because the company’s net assets didn’t increase, only the number of outstanding shares. + +If you own $1,000 worth of GME on the 21st you will still own $1,000 worth of GME on the 22nd. + +https://preview.redd.it/ib7woqm6m9a91.png?width=791&format=png&auto=webp&s=2bfc573a2d5cc1415c4e379a45c7d19d75b5d670 + +[Credit: u\/jmastajay](https://preview.redd.it/igbc3w0am9a91.png?width=577&format=png&auto=webp&s=377de75c27c330f51b31eb2d975b48db59c3389f) + +**What do you have to do?** + +Nothing! You can BUY & HODL, DRS, the usual. When a stock split or stock dividend occurs, your account will receive the additional shares on the ex-dividend date. The cost basis and gain/loss information for the shares will be updated on the evening of the ex-dividend date. No action is required for shareholders to receive shares as part of the event. + +&#x200B; + +**When do I need to buy to receive the dividend? (Brokers)** + +You can buy stock any time. Stock dividends work differently than cash dividends. For stock dividends, the record date doesn’t really matter. + +The ex-date or ex-dividend date is the trading date on (and after) which the dividend is not owed to a new buyer of the stock. + +July 21st is the date on which GME will actually distribute the three additional shares in its stock dividend. That happens officially after the stock market closes, so any trades that occur earlier that day are still governed by the pre-split stock price. + +Ex-Dividend Date is July 22nd. + +*"Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends.* ***The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).*** + +***If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares.*** *Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid."* + +Source: [Ex-Dividend Dates: When Are You Entitled to Stock and Cash Dividends | Investor.gov](https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates-when-are-you-entitled-stock-and) + +You can buy any time because the exchanges have splits covered – there is absolutely no danger of an investor missing out on the split shares, no matter when he or she buys shares that will split. + +This explains the Tesla split really well: + +Regarding the Tesla split (dates are referring to Tesla's split): *" However, stock dividends often have different rules. Here, the ex-dividend date is one business day after the dividend actually gets paid. Therefore, the record date doesn't really matter. If you buy stock on or before Aug. 28, then you're also buying the right to receive the extra stock in the split. If you sell before that date, you're selling away those rights as well."* + +[Tesla's Stock Split: Here's What It'll Look Like When It Happens](https://www.fool.com/investing/2020/08/26/teslas-stock-split-heres-what-itll-look-like/) + +**Disclaimer:** It is possible that due to broker back-office mechanics, shares purchased after 7/18 with a 'due bill' for the additional shares may not appear by 7/22, however anyone purchasing from 7/18-7/21 is still entitled to the dividend of additional shares. + +&#x200B; + +**When do I need to buy to receive the dividend? (Computershare)** + +If you have an existing account, you are already on record. If you are buying directly from Computershare, the last day you could buy to receive the dividend of the additional shares would be 7/18 for the buy to execute by 7/21. It takes 3 days after initiating your buy order for your cash to settle before they can execute the buy order. + +&#x200B; + +**What about transfers?** + +This will vary by brokerage, and you should contact your individual brokerage to find out. + +Fidelity Agents have stated you can transfer shares until the 18th, and then again on the 22nd. + +If you have shares in transit on the way to Computershare, if Computershare receives them by the 21st, the dividend shares will show up in Computershare. Otherwise, the shares will show up in your old broker since that's where you'd still be on record as owning shares. Your broker is then required to transfer to your new account within 10 business days of receiving the dividend. + +&#x200B; + +**What about the shorts?** + +The same math works for them. If someone spends $1,000 shorting GME they will still be short $1,000 worth of GME on market open. + +While shorts would be required to pay a cash dividend, a stock dividend works pretty much the same for all investors regardless of whether you're short or long. + +Basically, they will not be required to purchase anything unless they need to close due to other circumstances, such as the price going up too fast, cost to borrow being too expensive, margin calls etc. + +&#x200B; + +**Let's check in with the shorts (that we know of):** + +&#x200B; + +https://preview.redd.it/u3rxwoedm9a91.png?width=856&format=png&auto=webp&s=27304100094379a9fa88fd0bbeb88e7db8fc69e8 + +[Fintel: Shares Available](https://preview.redd.it/2i7vhx5hm9a91.png?width=717&format=png&auto=webp&s=6654718078830ccf0f0dc12319d3daa24ef643df) + +[Fintel: Cost to Borrow](https://preview.redd.it/jvfbh87km9a91.png?width=713&format=png&auto=webp&s=1fb2c96a830cd70eb1eb6c2d7085094b95a5035e) + +[Since 5\/24\/22, Fidelity has had 0 shares available](https://preview.redd.it/e7q6hpinm9a91.png?width=494&format=png&auto=webp&s=a4d7788231556f8db41ff7ab32316639ef3f0616) + +[Record Breaking Short Utilization](https://preview.redd.it/ae1owo7qm9a91.png?width=680&format=png&auto=webp&s=20383c2c020d7dc6c27029b7359f660417545f0d) + +&#x200B; + +**Is this game over for the shorts?** + +First, **let’s elaborate on the points above and clear up some misinformation** that’s been spreading. + +The information below **ONLY applies to** **CASH** **dividends:** + +*Investors short a stock are never entitled to its dividends, and that includes those short a stock on its dividend record date. Rather, short sellers owe any declared dividend payments to the shares' lenders.* + +Shorts **do not owe** declared dividend payments to the shares’ lenders for dividend stock splits. Payment refers to cash dividends. + +&#x200B; + +**What about the shares on loan?** + +Shares can be recalled by lenders at any time for any reason, but they can continue borrowing as long as lenders are lending. + +Cash dividends get paid by the borrower to the lender on the dividend payment date. + +Source to rules: [National Securities Clearing Corporation - Rules & Procedures](https://www.dtcc.com/-/media/Files/Downloads/legal/rules/nscc_rules.pdf) (Pg 109 begins with The CNS System - Pg 112, Section 8(b) explains the process with stock dividends) + +Non-cash distributions like a stock dividend just get added to the loan balance and are not immediately paid to the lender. The borrower only has to return the additional shares when they close out the loan, either when the lender recalls the loan or the short seller closes their position. + +Source: Standard Lending Agreement + +Copy of the MSLA: [https://www.sifma.org/wp-content/uploads/2017/06/MSLA\_Master-Securities-Loan-Agreement-2017-Version.pdf](https://www.sifma.org/wp-content/uploads/2017/06/MSLA_Master-Securities-Loan-Agreement-2017-Version.pdf) (Per paragraph 8.2, cash and non-cash dividends are handled differently.) + +&#x200B; + +**Back to how this hurts the shorts:** + +***"Not accepting that stock splits add value is a recipe for losing money."*** Historically, stock splits have impacted shareholder sentiment and have fostered short-term rallies. This has been seen with several tech giants, including Tesla, Amazon, NVIDIA, and Apple. + +**In the specific case of GameStop, the stock split should be a potential short-term catalyst for increased buying volume. In turn, this will pressure short sellers to cover their margins.** + +Source: [GameStop Stock: What You Need to Know About the 4-for-1 Split](https://www.thestreet.com/memestocks/gme/gamestop-stock-what-you-need-to-know-about-the-4-for-1-split) + +&#x200B; + +&#x200B; + +**More reasons why this is good for GME holders:** + +Stock splits can improve trading liquidity and make the stock seem more affordable. + +In a stock split the number of outstanding shares increases and the price per share decreases proportionally, while the market capitalization and the value of the company do not change. + +Here’s an example of how Apple shareholders benefited when this was done in 2020: + +&#x200B; + +[March 30th, 2022](https://preview.redd.it/d70i4ka2n9a91.png?width=926&format=png&auto=webp&s=c0e44ea084c76081c679c5f76b5e816c838793d8) + +&#x200B; + +**Has this been done before?** + +Another recent example of what happens with a stock split dividend is Tesla, back when 10% short interest was *high*. + +&#x200B; + +https://preview.redd.it/nxaha7hym9a91.png?width=775&format=png&auto=webp&s=99a0e97918a9093c52ae77874cd3f9414a6b3d76 + +The above picture depicts Tesla’s post-split performance. As is evident, the stock clocked in gains of over 300 percent between the announcement of a stock split and the receipt of additional shares, with the stock rising from $350 to $2,210. After undergoing this 5-to-1 split, the stock price was adjusted to $442. However, Tesla shares maintained their upward trajectory even after the consummation of this move, with the stock recording an all-time high of $1,243.49 in November 2021, equating to $6,217 in pre-stock split price terms. This entire journey consists of gains of 1,776.11 percent. + +&#x200B; + +Credit to u/Cataclysmic98 for their post going through this: + +[A comparative look at Tesla's stock split. Spoiler Alert - This Could Be HUGE!](https://www.reddit.com/r/Superstonk/comments/vt5q45/gamestop_has_announced_a_41_stock_split_in_the/) + +&#x200B; + +**What are the tax implications?** + +A customer who acquires additional shares through a stock dividend or split reduces the per-share cost basis and defers taxation until the stock is sold. Unless the stock is sold, you would not report the stock dividend on your tax return. + +Source: [https://www.irs.gov/pub/irs-pdf/p550.pdf](https://www.irs.gov/pub/irs-pdf/p550.pdf) (page 21) + +&#x200B; + +**What happens to the DRSbot share count?** + +**TLDR:** u/Roid_Rage_Smurf has a plan. Check out his post with the details here: + +[**DRSBOT splividivisplividend and stuff...** ](https://www.reddit.com/r/Superstonk/comments/vtonvj/drsbot_splividivisplividend_and_stuff/) + +&#x200B; + +**What’s going on with Fidelity not allowing DRS?** + +There were reported issues of Fidelity no longer allowing transfers to Computershare until after the split. This was a temporary issue and is now resolved. You are still able to transfer from Fidelity to Computershare until 7/18. If you are told you cannot do this before 7/18, **ask to speak to a corporate compliance officer.** + +&#x200B; + +**Do I need to adjust any settings with my broker to receive the dividend?** + +This only applies if the dividends are cash. If the dividends were cash, you could choose cash equivalent or you can choose to reinvest in the stock - meaning when the cash came, it would default to purchasing. Since this dividend is in the form of additional shares, you will receive those additional shares regardless of settings. + +&#x200B; + +**Will DRS shares have priority to receive the dividend first?** + +Potentially, since Computershare is the transfer agent responsible for distributing the stock dividends. However, when this will be reflected in accounts is still to be determined, so we can't say 'yes' for sure. + +Different brokerage companies have their own procedures for handling their accounting records for stock splits. Even though the additional shares are to be distributed after market close on 7/21, you may not see them reflected in your account then. It is reasonable to expect that by 7/22, your account will be credited with the correct number of post-split shares. + +&#x200B; + +**Do fractional shares receive dividends?** + +Potentially, this is up to the issuer. + +Sources: + +[Do Fractional Shares Pay Dividends?](https://thepoorinvestor.eu/fractional-shares-dividends/) + +[How Do Fractional Shares Work?](https://www.nasdaq.com/articles/how-do-fractional-shares-work-2020-09-09) + +&#x200B; + +# MORE HYPE! + +&#x200B; + +**Marketplace is launching any day now!** + +&#x200B; + +[Credit: u\/Peter\_Rodrigues1986](https://preview.redd.it/jhawsbe8n9a91.png?width=867&format=png&auto=webp&s=b765176c6181d80384b95d463ab7a41e508f1c20) + +&#x200B; + +**Catch up here!** + +[GameStop NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) (Credit to u/bah2o) + +&#x200B; + +**How could the stock dividend tie to the marketplace launch?** + +Check out this speculation post from u/knutolee + +[GameStop timed the 4-to-1 stock dividend perfectly with the launch of the NFT marketplace to deliver a reason for the imminent stock jump](https://www.reddit.com/r/Superstonk/comments/vtatsr/gamestop_timed_the_4to1_stock_dividend_perfectly/) + +&#x200B; + +# What Happens Next? + +**All of the information provided within this post is based on fair market conditions. It's difficult to know what will happen if there are not enough additional shares to provide to shareholders due to there being more shares circulating than actually exist.** + +We would encourage you to ask questions and suggest possibilities in the comments below. We’ve had close to 2 years of DD (Due Diligence) that suggest something we call the MOASS (Mother of All Short Squeezes) is in sight. LFG. + +&#x200B; + +[Credit: u\/No\_Pie\_2109](https://preview.redd.it/977dsrlcn9a91.png?width=568&format=png&auto=webp&s=a71da6e0a4b1be9cae7f81cb8ec8405db0d7ab9e) +All these supply and demand issues we are seeing of late. House prices through the roof, lumber prices through the roof, steel I heard is next, vehicles will be more expensive due to chip shortages. + +So my question, is this the inflation as the result of printing money or just a supply and demand issue due to covid outputs ? +The things is, they started being bad for many things, not just crypto. + +They are getting paid to scam their fans, and they are scumbags on this planet. + +How many times we saw videos on youtube, tiktok or any other platform with coins or tokens that are going to skyrocket and you should get in ASAP? + +How many of those same youtubers, tiktokers etc. got rich because their tehnical analysis is amazing and they share knowledge that we should be thankfull about? + +They are promoting risky, or sometimes even non existent coins and tokens. + +People who are just getting into crypto are sometimes listening to them, investing blindly in what they say and lose money. And later they may think that crypto is a scam, right? + +**THEY SHOULD ALL GET SUED!** + +**Examples:** + +\- [Kim Kardashain promoting EthereumMax](https://decrypt.co/73601/kim-kardashian-is-shilling-ethereum-max-too-what-is-it). Of course, one of the highest payed athlete Floyd Mayweather needed more money so [he jumped right in to do the same thing](https://edition.cnn.com/2022/01/12/business/kim-kardashian-floyd-mayweather-crypto-lawsuit/index.html). Something (I don't even know what the hell it is) that was even without whitepaper + +\- [Soulja Boy](https://www.benzinga.com/markets/cryptocurrency/21/05/21337044/soulja-boy-accidentally-reveals-how-much-he-got-paid-to-promote-crypto-project) did the same thing to his fans, while revealing how much money he would get for promoting it + +\- [FaZe clan doing pump and dump](https://www.businessinsider.in/cryptocurrency/news/faze-clan-pump-and-dump-crypto-scam-gets-kay-kicked-off-and-three-others-suspended/articleshow/84063180.cms) + +*Moon, Mars, NFTs, we are all going to be rich, we are all going to be millionaires.* + +Get out of here. +Dogecoin Rewards for holders! + +&#x200B; + +Team is KYC, dev is safu and starting market cap was only $140k. Strong community with fun raids and good vibes! + +Based team, owner is Harrys from Harry’s Hunts. + +Big marketing is scheduled pre and post launch. + +Founder and team active across the BSC space, with one marketers previous project surpassing $50million. + +Dev highly experienced in many token types. Recent projects include Upcake, Fegnomics and Londefy (All reached $1million+) + +&#x200B; + +&#x200B; + +Presale Hardcap: 100bnb + +5% Dogecoin Rewards + +4% Marketing + +2% Liquidity + +2% Dev and Team + +Hardcap 100bnb + +&#x200B; + +BSC Dogecoin Add To MetaMask + +0xba2ae424d960c26247dd6c32edc70b295c744c43 + +&#x200B; + +We Are Now Live + +Contract: 0xcbb003273efcbb1ea394d18863fbaac67a28b7c7 + +&#x200B; + +&#x200B; + +Intensive marketing planned scheduled on multiple platforms + +Buy/Sell Tax: 13% + +&#x200B; + +&#x200B; + +Explorer Link: [https://bscscan.com/address/0xcbb003273efcbb1ea394d18863fbaac67a28b7c7#code](https://bscscan.com/address/0xcbb003273efcbb1ea394d18863fbaac67a28b7c7#code) + +Github Link: [https://github.com/BscCoder007/RocketDoge/](https://github.com/BscCoder007/RocketDoge/) + +Whitepaper link: [https://dogerocket.live/wp-content/uploads/2021/11/DOGE-ROCKET.pdf](https://dogerocket.live/wp-content/uploads/2021/11/DOGE-ROCKET.pdf) + +&#x200B; + +&#x200B; + +Telegram: [https://t.me/DogeRocketChat](https://t.me/DogeRocketChat) + +Website: [http://dogerocket.live/](http://dogerocket.live/) + +Twitter: [https://twitter.com/DogeRocketToken](https://twitter.com/DogeRocketToken) + +Chinese TG:[https://t.me/DogeRocketChina](https://t.me/DogeRocketChina) + +Shill Group: [https://t.me/DogeRocketShill](https://t.me/DogeRocketShill) +We invest long-distance in SFRs. We specifically this market because there was an agent/PM that we were very impressed with. I prefer to work with professionals who are investors themselves, and his company owns a large portfolio of SFRs, so I wanted to learn from their experience and local expertise. The way they work is they usually send out a newsletter to their list of investors about new opportunities with a video and an analysis of the property (which has been spot on in my eyes) . + +We signed an exclusivity agreement and had already purchased one property with them a couple of months ago and so far so good. I understood the inherent competition of working with an investor (especially in a competitive market like this), but what happened this week feels like a breach of trust. Would appreciate your thoughts: + +3 days ago I saw a property come on the MLS that seemed like a steal. It's in an A neighborhood that is usually out of our price range, but this deal was about $50-80k under the average, so I immediately emailed my agent that we were interested in it. No response. + +A day passes, and it's still on the market, so I follow up with him. + +The following day I see that the property was under contract. Our agent is usually very responsive, so I had a hunch he was involved in the deal. + +I follow up again, and he finally replies that he was out of town and we would like to chat. We discuss different things, but at some point he confesses that they purchased the property. I have no idea if they made the offer before or after I had messaged them. + +I really believe in the area and want to grow our portfolio there, but I don't feel so good about the situation. Maybe in a less competitive market with more deals this would have gone unnoticed. + +&#x200B; + +It's OK that we're in competition to an extent, but when I actively reached out to them about this deal (together with the exclusivity agreement - I'm not so sure how to approach this. + +Edit: grammer + +Edit2: The property went on the market on March-8. I emailed him about it at 7AM local time of that day. +Tether only has 13 listed employees on LinkedIn. [Source](https://www.linkedin.com/company/tether/) + +There is just over $68bn Tether in existence, meaning Tether theoretically has $62bn under their control. [Source](https://wallet.tether.to/transparency?__cf_chl_jschl_tk__=569d26e948b27b5612065dd34dfe9d1938354e50-1624295546-0-ARnBckN33_gX9azsPbMvYz7d1-g0iQMRI5kgVph6MxVxO6N9RQwEEViCBi8c8tfeqoR9GfmcfKIQrvpBLJPOGuF5am6OiD4wD9ADI4UtAFgCy3g18lfsDJCUch-fe8qkslwVXEt-wl22zv0K3XTvlinHcWIiyPR9oFTJvqrDqPD-Y5iatCNQV50ut-jVrub9wflh2qoxbZsr7jVGWgL9akIGR9ekxfhLnx7FeYXCaQB-OY9_9OGuBhdHGDvrZxdvRyJwgq99SlSOs7BJUFVh6--irks2AyDI1CKXLtlPsFGfhyw-Sc2KInYgAw7zmeSizSMwQ1tidgDCIrlq6HAGx6JAH-X35JZi_dmhwlc4YR1Lnu3RT88QHnYS3pUmTFQFtTUF5UyXR5jiywwl-2GBcFAT5bQK5FS7wTLMjnX2xhb2) + +That is over $5bn in assets **per employee of Tether** + +If that seems comically low it's because it is. It's a world record for total amount of money managed per employee. + +The only similarly small number of employees for such a large amount of money under management was Bernie Madoff's ponzi scheme, which had $50bn under management with just 25 employees. [Source](https://en.wikipedia.org/wiki/Madoff_investment_scandal) + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +What benefit is there to having such a low number of employees? Lower costs yes but with the money they control and need to invest surely it would make sense for them to have more than just 13 employees doing this? + +Or is it because it's easier for them to conceal fraud when there's only a handful of people being exposed to it and most of them have a large interest in keeping the fraud going. + +Tether has just under $30bn in commercial paper ([source](https://www.ft.com/content/342966af-98dc-4b48-b997-38c00804270a)) which makes it one of the largest US commercial paper market investors in the entire world, alongside the likes of Vanguard (17,600 employees) and BlackRock (16,500 employees). **THIRTEEN EMPLOYEES EVALUATING THE CREDITWORTHINESS OF NEARLY 30BN IN COMMERCIAL PAPER LOANS AND WITHOUT THE OVERSIGHT OF AUDITING.** +Remember: **Tether has never been properly audited, refuses to be audited and has been caught lying through their teeth multiple times** + +Recently, they have also been blocking everyone on social media who demands for transparency and audits of their coin. [Source](https://www.msn.com/en-us/money/markets/tether-crypto-controversy-what-twitter-investors-are-saying-about-the-stablecoin-now/ar-AANGUQT) + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +Does this not absolutely terrify anyone else? +I can offer you two valid and two rather unfortunate reasons. + +The two valid reasons: + +1. Nobody else offers any serious theory of how capital is structured how it works. Given that capital is one of the most important ascepts of the economy - the difference between wealth and poverty is roughly the difference between a combine harvester and a sickle - this is a very big omission. Keynesians and Neo-Classicals simply don't theorize about how capital works. The only competing capital theory to the Austrian one is the Marxists one but that fails because it does not take time preference / time discounting into account. + +2. There are very serious methodological issues with using the methods of the empirical natural sciences in the fields of the human sciences. How can you make an experiment about economic decision-making that is capable of isolating a single factor? How can you repeat that to verify it - with different people you cannot isolate a single factor, with the same people your problem is that they learn... avoiding confounding factors is nearly impossible in empirical social sciences. For example all those "research" about asking 1000 people what they think about X... how do you know that people who think a certain way about that thing are not much less or much more likely to deny participating and not answer? My nuclear physicis friend always gets very angry when social scientist say stuff like racism went down from 4.2 to 3.7 somewhere because just what the bleep do those numbers mean? What is the unit of measure? What does the number predict? Can anyone predict exactly what happens if the number reaches 2 or 7? In his nuclear reactor they can tell rather exactly what happens when certain numbers reach certain values (ka-friggin'-boom...) ... + +The Austrian method offers an alternative goes back to an old tradition in German philosophy (f. e. Edmund Husserl, Max Weber, Wilhelm Dilthey) saying that the proper method in the human sciences is "verstehen", i.e. an _empathic_ understanding how other people think and act, "putting yourself in their shoes". Austrians try to figure out how people think when they make decisions. + +http://en.wikipedia.org/wiki/Wilhelm_Dilthey#The_Distinction_between_the_Natural_Sciences_and_the_Human_Sciences + +This is a valid method for theoretization. Where Austrians go wrong is with the political application of the theory - much like you cannot directly apply perfect Euclidian geometry to the messy, bumpy real world, Austrian Economics has the same problem in politics. It cannot tell you which of the many economic interventions is the worst one. It cannot tell you whether if you remove one economic intervention the effects of some other intervention will be much worse because the previous one has counterbalanced it or not. (F.e. welfare and minimum wage counterbalance each other to a certain extent, one lowering labor supply and the other labor demand. Praxeology cannot tell you which one to remove or reduce first.) All it can tell you that if you would remove ALL interventions tomorrow the world would be a better place. That big-bang approach is a bit too idealistic for politics. So this is where there is a problem with Austrian Economics: in its application in politics. But on the level of pure theoretization it is a valid approach. + +The two unfortunate reasons: + +3. Consider that you are smart young guy at home with lots of free time. You don't have much life experince, neither have access to much empirical data, you could not verify them anyway, you have no research apparatus, and then there are of course the methodological difficulties mentioned above. But you have a good brain, you can read, you can think, you can use logic. Thus _the logical necessarily attracts you a lot more than the empirical_. I cannot go and conduct experiments but I can _think_ - and verify if the logic is right. Partially this is popular of course because understanding complex logic _makes you feel smart_. But also because it is so incredibly awesome that do can do science without building an LHC in your backyard - that you can do science by using nothing else than your brain. You carry a whole faculty in your head with all the apparatus in needs - how awesome is that? Thus smart young people with much free time sitting at home necessarily prefer the logical above the empirical. Same happens in /r/atheism, in /r/philosophy, in /r/politics... perfectly logical thinking but based on very, very limited sets of inputs... + +4. Computer programmers are overrepresented both in Libertarian circles and on Reddit. And computer programmers always prefer the logical to the empirical: that is their job - and passion. Their job is to get the logic right. Getting correct inputs into the logic is someone else's responsibility. Thus they care a lot less about inputs (empiricism, experience, observation) than about logic. This not a big fault, every profession has its certain sets of biases - but one needs to be conscious about it. + +(I am a bit different because I am an ERP programmer and what people expect from me is not only right logic but right outputs, so a large part of my job is going kickin' ass until the inputs are right. Thus I have a lot more respect for the empirical and experiential than most programmers I figure.) +Welcome to the ETH Daily Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. Please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules)** to become familiar with them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior **should be reported** and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](http://bit.ly/2rMAXmq). + +* **[EXPERIMENTAL]** - 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. + +*** + +Thank you in advance for your participation. Enjoy! + +ZIP, a certified /r/asx_bets classic, is an Australian based moneylending company masquerading as a tech company. Despite taking the number out of their ticker, they have [fallen more than -95% from their 2021 high](https://i.imgur.com/FfHPrds.png) around $14.20 and currently trade at around $0.69. With this post, I'll be breaking down why they've become such a miserable failure, and hopefully showing how we can spot warning flags in the future. + +#Problem #1: Bad Debts + +This section is a study in how ZIP lies by omission in reporting the % of customer loans considered bad debts. By their definition Bad Debts "are defined as those accounts greater than 180 days delinquent on an annualized basis". The value is only for Australian customers which is ~50% of their customer base. We'll first take a look at how they both report and describe this metric in their quarterly financial releases across the last year to see how it develops over time. Strap in for some corporate newspeak. + +[**Q4 June 2021**](https://i.imgur.com/eZkdQgD.png) + +**Accompanying Bullshit Commentary:** Led by Zip’s market-leading proprietary risk decisioning technology, net bad debts remained +steady at 1.82% in line with management expectations. Zip is well placed to adjust our risk +settings based on commercial strategies or external factors. + +**Translation:** When times are good, they're at their most honest (not saying a lot). ZIP shows the current quarter bad debt %, the previous quarter %, and the previous year quarter. Their bad debt has declined impressively on a Y/Y basis, and is flat on a quarterly basis. They're also not shy bragging about their "market-leading proprietary risk decisioning technology", whatever the fuck that means. + +[**Q1 Sep 2021**](https://i.imgur.com/BFXR11C.png) + +**Accompanying Bullshit Commentary:** Net Bad debts continue to perform in line with management expectations, risk +appetite and seasonality at 2.44% (Sep 2020 2.43%). + +**Translation:** The number is up a little bit, but we can compare this to last years result while hiding the previous quarter number and show its similar. Lets call it seasonal and pretend that its no biggie to jump 34% on a quarterly basis. + +[**Q2 Dec 2021**](https://i.imgur.com/zzjJ1x1.png) + +**Accompanying Bullshit Commentary:** Net Bad debts continue to perform in line with management expectations and risk +settings. The results reflect our risk settings from 12 months ago and have now been +adjusted, as can be seen by the reduction in arrears, to settle at around our medium term +net bad debt target. + +**Translation:** Fuck they're up again, we definitely can't show the previous year's number, lets switch back to showing things on a quarterly basis. Slap on a few comments about how everything is totally "in line with management expectations" and carry on. + + +[**Q3 Mar 2022**](https://i.imgur.com/WXwYLAP.png) + +**Accompanying Bullshit Commentary:** [CTRL + F NO RESULTS FOUND.](https://i.imgur.com/VsX07cZ.gif) They literally spend 0 words on ~10 pages talking about this alarming 3.40% figure. + +**Translation:** There is no good way to explain how our bad debt % is increasing, so we're gonna pretend its not happening. No comments and NO SHOWING PREVIOUS YEAR NUMBER OTHERWISE ~~FUTURE BAGHOLDERS~~ RETAIL INVESTORS MIGHT CATCH ON. + +[**Q4 June 2022**](https://i.imgur.com/8u9YxoY.png) + +**Accompanying Bullshit Commentary:** [CTRL + F NO RESULTS FOUND.](https://i.imgur.com/VsX07cZ.gif) + +**Translation:** Meet this quarter, same as the last quarter. Remember when one year ago, they were bragging about "market-leading proprietary risk decisioning technology" being responsible for maintaining bad debt % around 1.8%? Well that figure has grown 109% YoY to 3.80%. Cunts Fucked. + +Just to spell it out in full, lets combine all these numbers into one basic chart. + +[ZIP BAD DEBTS TO THE MOOOOOOOON 🚀🚀🚀](https://i.imgur.com/PzcuHUI.png) + +So what the fuck happened to their "market-leading proprietary risk decisioning technology"? [Why don't we see on their website what happens if you can't pay your Zippy fees?](https://i.imgur.com/v2NOp4m.png) + +Turns out they chuck some flat fees at you, [for a max of $40 in NZ](https://help-nz.zip.co/hc/en-us/articles/360001966155-How-do-late-fees-work-#:~:text=We%20won't%20charge%20any,week%20the%20payment%20is%20unpaid.), send you some angry emails, and if worst comes to worst, they'll block you from the platform. [They also "may" send collection agencies after you.](https://help.zip.co/hc/en-us/articles/360001586815-What-happens-if-I-miss-a-payment-or-don-t-pay-back-on-time-) However, I think this is a mostly empty threat because the average ZIP debt is so small, collection agencies would rather spend their time [chasing >$1000 targets](https://www.pacificdebt.com/the-minimum-amount-a-debt-collection-agency-will-sue-you-for) than the average $90 ZIP transaction size. + +In general, when we do the work and read through all of quarterly reports across the past year (tough I know), you can see how the tone and results presented change. The true information is not in what they are reporting, it is what they are NOT REPORTING. When this quarters results look good compared to last year, they show last year and comment on that. When they look good compared to last quarter, guess what they'll focus on. When they look fucking awful compared to everything, they pretend it doesn't exist. They went from bragging about "market-leading proprietary risk decisioning technology" (which really boils down to desperate begging automated emails) and declaring "Zip is well placed to adjust our risk +settings based on commercial strategies or external factors" to abject failure within a year. This is how they lie to you, by omission. + +#Problem #2: Interest Rates + +What's worse than a moneylender with customers not paying debts? + +How about a moneylender borrowing money to lend money to customers that won't pay their debts? Not quite, we can go deeper. + +What about a money losing moneylender borrowing money to lend money to customers that won't pay their debts? Still not there. + +What about a money losing moneylender borrowing money to lend money to customers that won't pay their debts losing money faster as money lending rates rise? BINGO, we have a winner. + +ZIP has been unprofitable since birth, supposedly pursuing growth in some grand strategy to become profitable at scale. Yknow, since Amazon pulled it off, that means its a winning strategy for every company in every industry forever to achieve! + +Being unprofitable since day 1, there's only one way ZIP gets money, they take it from someone else. They can either do this with the ASX Speccy special, the Cap Raise, or they can borrow from someone else. While digging a little into the Cap Raise piggy banks, its clear that ZIP favors borrowing money instead. + +[Here's a comparison of their Cap Raise money, Total Long Term Debt, and Revenue on a half-yearly basis](https://i.imgur.com/za1x9ch.png) + +That's right, ZIP has racked up $2.7 billion dollary-doos on their tab while barely scratching $500m revenue on a yearly basis. + +Despite the RBA's best efforts, the cost of borrowing is increasing as inflation rises. Turns out it wasn't transitory, and if its going to be tamed sacrifices will be made. As per their 2021 Annual report, [they had a weighted average interest rate of 3.56% on $1.6b of borrowings](https://i.imgur.com/GtoFACj.png). This was when the OCR of the RBA was 0.1%, AKA rock fucking bottom. They've racked up another $1.1b in debt since then, which at that same 3.56% rate their $2.7b debt costs them ~$100m annually. Right now, the OCR stands at 1.35% with further cash hikes expected, with optimistic forecasts being between 2-3% by the end of this year. At those rates, ZIP's average borrowing rate is likely to increase to 5-6% if we put them 300bps above the OCR (very generous). That means a further $100m burn to $200m in interest expenses per year. You couldn't design a better cash-burning dumpster fire if you tried. + +To conclude, ZIP is a dealer that got high on its own supply. Its no surprise they emerged during a time period when borrowing rates were rock bottom. Its the only environment giving them sufficient conditions to grow. By borrowing money, they lent it to others that normally would not be able to borrow. If those borrowers didn't pay ZIP back, they simply borrowed more money to cover for them. They took all and any customer in pursuit of growth, and now they pay the price. The percentage of customers refusing to pay is skyrocketing, while ZIP has to pay increasing interest fees on that money they can't get back. They're a company worth a measly $400m with $2.7b in debt that burns $500m in cash per year. Do the math. + +[$10 by Christmas.](https://upload.wikimedia.org/wikipedia/en/4/4f/2017_Australian_ten_dollar_note_obverse.jpg) +A few weeks ago, I was having a discussion with my sister on the merits of buying a new car for $17000 vs a 2 year old car for $14000. + +Her argument was "it's only $3000 more for a new car." + +My argument was that $3000 was **200 hours** of work (equivalent to **FIVE weeks**) for her at $15/hour. + +Personally I just feel like it helps me a lot whenever I'm making a purchase of anything... in my mind I'm always thinking "well, I have to work 1.5 hours to pay for that" and it typically makes me less likely to purchase it. Seems like it's a pretty efficient way to save money and increase savings. Thoughts? +I am working on a $150k job where in reality I only need to work \~12 hours per week. It is a highly specialized market and I am paid slightly above market rate. + +The issue is, I have not been learning anything new in my job, and it is not helping my career growth. I am taking some further studies and learning new skillsets on the side too, but it is very hard to keep myself busy and completely satisfied. + +I feel like this is my last chance to leave before I am tied down to a mortgage in Sydney. I think I can get a 10% pay bump at best, but will have to go back to the 40 hrs/week schedule. + +If you are in my position, would you quit the 150k job? + +Edit: +Wow, thank you so much for everyone's response, there are so many split viewpoints in here! I am contemplating to move on a more challenging gig and to take more responsibility. It is not wise from a financial perspective, (15k increase a year for 20 more hours work-week), but hopefully I will be able to drive more meaning from work and increase my satisfaction in the day-time. As much as I love the second job/side-contractor idea since I am WFH, unfortunately I have signed a Non-Compete and also a IP protection clause - at company time I am not allowed do anything else apart from self-learning. +# FOR NEW PEOPLE: Please use this [link](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html) for the most condensed instructions! This Superstonk post might be very confusing for you lol sorry + +[yes, that's Santa Ape and a Baby Ape on their back](https://preview.redd.it/5fgxd4e6bpx71.png?width=1800&format=png&auto=webp&s=b053a31af510e98ccf078a43cafb3dad3eb272de) + +**TLDR: Superstonk Apes are donating Toys, Money, & Time to Marine Toys for Tots and we’re bringing GameStop to families this Holiday 2021!** + +&#x200B; + +# Main goal is to buy toys at GameStop and donate to TFT! + +Deadline for toys is December 10! + +# Monetary Goal is $741,420.69! + +Deadline for money is Dec 24! + +**Link to our fundraiser:** + +[https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html) + +**NOTE:** The local TFT donation campaigns go through the salsalabs.org domain rather than the main TFT website. You can verify this by going to the sites of the local TFT chapters if you’re concerned. + +Also, this is the ONLY LINK we will ever use. Please be careful of fake/phishing links that come from anywhere besides Superstonk. + +**USER FLAIR:** + +[If you want this flair then please comment !VGH! under another !VGH! comment so it keeps the thread streamlined.](https://preview.redd.it/hgmyufkxy8081.png?width=234&format=png&auto=webp&s=1eb64d497a9fa3382157924ab02488ee8c5264e3) + +# [VGH Update 1](https://www.reddit.com/r/Superstonk/comments/qsf355/very_gmerry_holiday_update_1_5916992_of_74142069/) + +* Committee Members List +* International Apes clarification +* Donating Time (Phase 2 and 3) + +# [VGH Update 2: Welcome to Pallet Town](https://www.reddit.com/r/Superstonk/comments/qvfl04/a_very_gmerry_holiday_update_welcome_to_pallet/hkwp6bn/?context=3) + +# Texas Apes! If you would like to help them sort this influx of toys coming in, you can literally just show up at 3800 Irving Mall 0900-1800 local Texas time Monday-Friday. You'll see a banner. + +https://preview.redd.it/dkkuah9x79081.png?width=960&format=png&auto=webp&s=bebc8ffda361644483cade8714be4358e74c47a7 + +# [VGH Update 3: Photos from the Irving TFT](https://www.reddit.com/r/Superstonk/comments/qvynvo/i_was_wrong_for_ignoring_ubuttfarm69s_vgh_project/?utm_medium=android_app&utm_source=share) 😲 + +https://preview.redd.it/dd6cip42e9081.png?width=781&format=png&auto=webp&s=c57ae5c21e019864675810f59217a061c06ba3e8 + +# VGH Update 4: THE FINAL COUNTDOWN + +[We've got a DRSbot! Deadline is Dec 10 for toys and Dec 24 for money!!](https://www.reddit.com/r/Superstonk/comments/r6iuw8/vgh_update_4_the_final_countdown_deadlines_dec_10/) + +\------------------------------------------------------------------------------------------------------------- + +Buckle up, Apes, cause Superstonk is slapping some rocket boosters onto Santa’s Sleigh this Holiday Season and we’re helping GameStop deliver toys to Toys for Tots and bringing smiles to a lot of families! + +**NOTE:** All mentions of “We” in this text refers to the INDIVIDUALS on Superstonk who have arrived at their own SEPARATE conclusions as INDIVIDUALS. There is NO collective attempting to collude or influence GameStop’s stock. + +https://preview.redd.it/ou5o4r2dbpx71.jpg?width=575&format=pjpg&auto=webp&s=20b07598e425a1e9abaeb800adef847765676c94 + +# Why did we choose Toys for Tots? + +The main question we asked was “How can we help GameStop AND our greater communities?” + +Because of their merchandise selection, going with a Toy Drive was the most effective way of achieving this. + +We chose Toys for Tots because they have a national system established for organizations to donate and it was the most effective way of utilizing our resources from the Superstonk Apes to promote the welfare of the general public. + +EDIT: GameStop has also [partnered with Toys for Tots in the past](https://static.fox4news.com/segment/player-frame.html?site=fts&station=kdfw&source=amp&props=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) (news clip from 2018). + +We also felt that a Holiday initiative would be the perfect cherry on top of an amazing year. All of these philosophies culminated into Superstonk’s Very GMErry Holidays fundraiser. + +https://preview.redd.it/cv85z4roymz71.png?width=712&format=png&auto=webp&s=c29e75e4f06313250841a5adab53bf5ab12edbf3 + +# This fundraiser is gonna have three different ways you can donate: Toys, Money, & Time. + +First is **Toys**. We have been in contact with BOTH GameStop and Toys for Tots and they have helped us with the logistics process. The plan is to purchase the Toys from GameStop’s online store and ship it directly to a TFT distribution center. I think you’ll be really excited to know that we found an easy solution for this. The merch will mostly ship out of [GameStop’s Gravevine, TX center to the Local TFT branch in Irvine, TX](https://www.google.com/maps/dir/2200+William+D+Tate+Ave,+Grapevine,+TX+76051/3880+Irving+Mall,+Irving,+TX+75062/@32.8836341,-97.0815469,13z/data=!3m1!4b1!4m13!4m12!1m5!1m1!1s0x864dd52c003fdd41:0xc0048804a9a3bcd1!2m2!1d-97.0980899!2d32.9167042!1m5!1m1!1s0x864e822d2540c2bf:0x8559c01260e06ee7!2m2!1d-96.9984601!2d32.8388186). It’s literally a 15 minute drive. More details in the PLAYER TUTORIAL... + +[i sure hope i put the right addresses into the maps lmayo me smoothbrain](https://preview.redd.it/vtrnxs9gbpx71.png?width=742&format=png&auto=webp&s=635baa70ac2b81ff57f0a598a9fc69cef5f8ca6e) + +Second is **Money**. We set the goal at **$741,420.69** for well, very obvious reasons 😂. When we look at the number of people on the subreddit and also at the enthusiasm many of us had for a fundraiser, we think this goal is absolutely achievable. Please note, this part of the fundraiser does not directly benefit GameStop because this money goes directly to Toys for Tots. + +Just so everyone is clear on this: **NO MONEY is ever received by any Ape involved. It all goes directly to Toys for Tots and their website at the time of donation.** This Superstonk organizing team will have NO access to your personal information submitted with your payment. All of that goes directly from you to TFT. This was a core tenet of this fundraiser. We want no conflicts of interest and we want to protect your identities. + +For donating **Time**, Toys for Tots informed us they have partnered with GameStop in the previous years. This year, because of a lack of manpower, TFT is unable to support the thousands of GameStop stores across the US without additional volunteers. For the system to work, someone has to bring the box to the store and then return the box to the TFT location once it’s full. This is where Apes SWING IN. You can coordinate between your **Local Toys For Tots Chapter** and your **Local GameStop** to establish, monitor, and collect Toy Drop Boxes. And then other Apes can drop off their toys! (UPDATE: Right now there's no national guidance for the stores so it's kinda up to the Store Manager if they want to accept the boxes. Some of you will have success and some won't FYI.) + +[actual footage of Apes swinging in \(shot on Banana Phone™©²\)](https://i.redd.it/ruilksiibpx71.gif) + +# Some big things to address: + +First, THIS ENTIRE FUNDRAISER IS COMPLETELY VOLUNTARY and if you choose to participate, you are doing so on your own free will. No one is here forcing you to donate and anyone belittling you for that choice will be banned accordingly. Ape No Fight Ape! Be Excellent to Each Other! + +Second, yes, this is A LOT to ask of this community. But if there is ANY community in the world who could come together and raise $741,420.69 AND ALSO help support our local communities, it’s the APES. Because there’s something I know and believe to my core, and that is the Apes are good, decent people who wish to share our goodwill and fortune to others. **As individuals, WE NEED TO BE the change EVERYONE wants to see in the world!** + +[This Chairman Remix was brought to you by a MEME TEAM of Apes. I find it quite poetic that this was created by a GROUP of Apes, rather than one individual. I love you guys 😭🥰](https://i.redd.it/s57d8ghlbpx71.gif) + +If you choose to participate in VGH then please remember that you will be representatives of all Apes, Superstonk, & GameStop too! Be cool, respectful, and patient and don't give us a bad name. + +# We are doing important work here! Be proud! Apes Together Strong ✊🏼 + +[\(Up, Up, Down, Down, Left, Right, Left, Right, B, A\)](https://preview.redd.it/q1rr7ptgspx71.png?width=835&format=png&auto=webp&s=ba24c2f0f07583268726b83b3e86303975aada3b) + +**IMPORTANT: This is a girthy DD so PLEASE read the instructions for full clarity and don’t just assume, cause we’ve got a lot of Apes and we could easily overwhelm Toys for Tots!!** + +# #1 - How to Donate Toys + +Note: We can't send items that requires something else to use (like Headphones, video games, gaming systems). Video games donations are difficult because of the specificity of matching with systems that the family may or may not have. So do NOT send them video games, but video game RELATED products and toys are still cool). + +**TOY GUIDELINES:** + +What kind of toys can I donate? + +* NEW +* un-wrapped +* preferably around the $10 or above price range +* books are also needed (children receive 2 toys each; 3 books count as ONE gift!) +* homemade toys are also accepted + +What kinds of toys are **NOT allowed**? + +* used toys +* toys that look like realistic weapons +* toys with candy or food +* toys with chemicals (i.e., experimental labs, acid, crystal projects, etc.) + +What ages of children are eligible to receive toys? + +* ages 0 to 12 years +* gifts for ages 0-2 are in great need + +**TOY DONATING INSTRUCTIONS** + +* With these guidelines in mind, find a toy on the GameStop website that fits those parameters. During checkout, fill out your payment information as you normally would. (EDIT: We are searching for a solution for International Apes to donate) +* Fill in the following information for the SHIPPING ADDRESS exactly as it appears + * Toysfortots Gamestop + * 3880 IRVING MALL + * Between Macys-Dillards on backside + * IRVING TX, 75062 + * For the phone number, I put my own. I have a Google Voice number that I use for shopping to avoid spam calls to my main number. The number just goes to GameStop anyway so I'm not worried about it personally. + +[I used my personal phone number cuz it's GameStop lol](https://preview.redd.it/j74gq2213fy71.png?width=954&format=png&auto=webp&s=a24964eac17997833bc311a62e41ad5d41723aa9) + +* **NOTE:** This shipping address is for the [Fort Worth, TX chapter of TFT](https://fort-worth-tx.toysfortots.org/local-coordinator-sites/lco-sites/default.aspx?nPageID=100&nPreviewInd=200&nRedirectInd=3) which is only miles away from GameStop’s Grapevine, TX distribution center. If we start to overwhelm this TFT chapter, then we’ll reach out to the other chapters near GameStop’s other distribution centers. +* (Fun fact! GameStop was actually the one who reached out to this TFT chapter and provided us with this amazing convenience! By doing this, it also helps to keep the physical store shelves from being depleted for their non-Ape customers. It’s a win-win-win! Thanks GameStop!) + +# #2 - How to donate Money ($741,420.69). + +https://preview.redd.it/szznn77xspx71.png?width=540&format=png&auto=webp&s=99dcd4c9a0589367cc65fd2cf083baffa39f9d4f + +**Pay online (US Apes):** + +* Go to [https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html) +* Press the big red DONATE button. +* Fill out the required card information with your legal information (Don’t put a fake name in “Name on Card”). + +\*\*\*\*POTENTIAL DOXING WARNING\*\*\*\* If you wish to remain anonymous to the organizing team, please fill in ANON APE for First and Last Name in “Your Info” for anonymity. + +* Click the Submit Donation button. + +https://preview.redd.it/zbktyhcyspx71.png?width=624&format=png&auto=webp&s=3148179a76e1bc6b30221ca9efe838c4c91d5a1a + +* Share your donation on Superstonk with the “Very GMErry Holidays” flair, if you wish. +* Share your donation on social media with the hashtag #VeryGMErryHolidays, if you wish. + +# 3 - How to donate Time (and Toys in person). + +https://preview.redd.it/c3ndyh10tpx71.png?width=540&format=png&auto=webp&s=3da58d4c6fc53ffb78f3dd6a96bb004c3b07e5e3 + +TFT is working with severely limited manpower and they need our help! + +They will probably ask for volunteers: + +* Assisting in the transportation and storage of toys; +* Assisting in our local warehouse; +* Assisting with meals... and much more. + +# Get in touch with your local TFT chapter and see what they need. + +* Select your **State** From the List. + * [Alabama](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Alabama) [Alaska](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Alaska) [Arizona](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Arizona) [Arkansas](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Arkansas) + * [California](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=California) [Colorado](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Colorado) [Connecticut](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Connecticut) + * [Delaware](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Delaware) + * [Florida](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Florida) + * [Georgia](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Georgia) + * [Hawaii](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Hawaii) + * [Idaho](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Idaho) [Illinois](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Illinois) [Indiana](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Indiana) [Iowa](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Iowa) + * [Kansas](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Kansas) [Kentucky](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Kentucky) + * [Louisiana](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Louisiana) + * [Maine](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Maine) [Maryland](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Maryland) [Massachusetts](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Massachusetts) [Michigan](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Michi) [Minnesota](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Minnesota) [Mississippi](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Mississippi) [Missouri](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Missouri) [Montana](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Montana) + * [Nebraska](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Nebraska) [Nevada](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Nevada) [New Hampshire](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=New%20Hampshire) [New Jersey](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=New%20Jersey) [New Mexico](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=NEW%20MEXICO) [New York](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=New%20York) [North Carolina](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=North%20Carolina) [North Dakota](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=North%20Dakota) + * [Ohio](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Ohio) [Oklahoma](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Oklahoma) [Oregon](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Oregon) + * [Pennsylvania](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Pennsylvania) + * [Rhode Island](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Rhode%20Island) + * [South Carolina](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=South%20Carolina) [South Dakota](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=South%20Dakota) + * [Tennessee](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Tennessee) [Texas](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Texas) + * [Utah](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Utah) + * [Vermont](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Vermont) [Virginia](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Virginia) + * [Washington](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Washington) [Washinton D.C](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=DISTRICT%20OF%20COLUMBIA) [West Virginia](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=West%20Virginia) [Wisconsin](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Wisconsin) [Wyoming](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Wyoming) + * [GUAM](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=GUAM) +* Find your nearest **Location** on the drop-down list. (This is your local TFT Chapter) +* Click "**MENU"** in the upper right. (You must be at your local chapter page) +* Select "**Get Involved/Volunteer**.” Here you will find: + * Contact info for this Chapter + * Additional Information + +# Coordinate your own local Toy Drop Box + +Please don't volunteer if you can't commit! It’s a big task and we will depend on you to deliver. NO FTD’s! + +* I own a local business. + * Get a box from TFT and set it up in your own shop! +* I don’t own a local business. + * Contact your local “GameStop Store Leader” and see if they’d be willing to host a toy box. You would act as the middle man between your GameStop and your local TFT chapter. + * You will need to get the box from TFT, bring it to GameStop (or other store), and then deliver the box back to TFT once it’s full or time has expired. + * If you have your own business then you will just contact your local TFT chapter directly and set it up in your own shop. + * Once you’re set up, send a private message to [u/I\_DO\_ANIMAL\_THINGS](https://www.reddit.com/user/I_DO_ANIMAL_THINGS) with the following info (he’s an Ape, Marine veteran, and a team member on this fundraiser): + * Store Name + * Full address of the location + +**We’ll only share the store location on Superstonk and it will not be connected to your username. Specific Ape/Store associations will NOT be shared.** + +# [UPDATE ON DONATING TIME (Phase 2 and 3)](https://www.reddit.com/r/Superstonk/comments/qsf355/very_gmerry_holiday_update_1_5916992_of_74142069/) + +# Donate Toys in person + +* Follow the instructions above on how to find your local TFT chapter then find a box location and put it in the box. + +[this is what they generally look like](https://preview.redd.it/j6podf1gtpx71.png?width=716&format=png&auto=webp&s=82a9ad9526ffc277a861f38a678cd52b3c41b427) + +# FAQ (Frequently Asked Questions) + +**Is this considered MARKET MANIPULATION or COLLUSION?** + +No, the organizers of this event are not trying to affect the GameStop stock nor its price. Our goal is to provide toys to children by buying from our favorite store. Yes, we are encouraging people to shop at GameStop, but what is the difference between this and a normal TV commercial telling you to buy from their store? Black Friday commercials even tell you to do that on a specific day! The goal here is to bring happiness to families by combining our individual resources to do something meaningful in the world. If you’ve got a problem with that then maybe, idk, recalibrate your moral compass? + +&#x200B; + +**Marine Toys for Tots Information:** + +About -- [https://www.toysfortots.org/about\_toys\_for\_tots/toys\_for\_tots\_program/default.aspx](https://www.toysfortots.org/about_toys_for_tots/toys_for_tots_program/default.aspx) + +The basic mission of the Marine Toys for Tots Program is to collect new unwrapped toys and distribute those toys to less fortunate children at Christmas to help bring the joy of Christmas and send a message of hope to America's less fortunate children. Toys for Tots has worked with GameStop in the past. They have a great track record and they need help on the local level. + +CharityWatch.com Rating: B+, Top Rated Status\* + +[https://www.charitywatch.org/charities/marine-toys-for-tots-foundation](https://www.charitywatch.org/charities/marine-toys-for-tots-foundation) + +\*Top-Rated Status Groups included on the CharityWatch Top-Rated list generally spend 75% or more of their budgets on programs, spend $25 or less to raise $100 in public support, do not hold excessive assets in reserve, have met CharityWatch's governance benchmarks, and receive "open-book" status for disclosure of basic financial information and documents to CharityWatch. + +&#x200B; + +**How does it work?** + +*(From* [*https://www.toysfortots.org/about\_toys\_for\_tots/how\_toys\_for\_tots\_works/Default.aspx*](https://www.toysfortots.org/about_toys_for_tots/how_toys_for_tots_works/Default.aspx)*)* + +Local toy collection campaigns begin in October and last until mid to late December. Toy distribution also takes place mid to late December. Members of the community drop new, unwrapped toys in collection boxes positioned in local businesses. Coordinators pick up these toys and store them in central warehouses where the toys are sorted by age and gender. At Christmas, Coordinators, with the assistance of local social welfare agencies, church groups, and other local community agencies, distribute the toys to the less fortunate children of the community. Over the years, Marines have established close working relationships with social welfare agencies, churches and other local community agencies which are well qualified to identify the needy children in the community and play important roles in the distribution of the toys. + +&#x200B; + +**Where is the money going?** + +None of the Apes involved with this will ever see a penny. The money goes straight to TFT so there can be no conflicts of interest. + +&#x200B; + +**Can I donate by check?** + +Yes, but mailed Check donations WON’T count towards our Very GMErry Holidays tally 😢 + +Make check payable to: + +Marine Toys for Tots Foundation + +Mail to: + +Marine Toys for Tots Foundation + +18251 Quantico Gateway Drive + +Triangle, VA 22172 + +&#x200B; + +**Is the money going to GameStop?** + +Clearing up some confusion: The money goal isn’t going to GameStop. I literally wrote that in the original piece: + +https://preview.redd.it/0bcy060369081.png?width=688&format=png&auto=webp&s=e6ff215eba729781cde75328d40fbde80cbaf493 + +&#x200B; + +**How do you pronounce “GMErry?”** + +It’s pronounced Merry. Because real G’s move in silence like lasagna. + +&#x200B; + +**When filling out the application to volunteer, the first line asks for a group/association name. Are we putting Superstonk?** + +No, just volunteer as your own individual self, a member of your local community. If you want to talk to people about GameStop then by all means, but do not feel pressured to do anything on our behalf. And thank you so much for volunteering! + +&#x200B; + +**Can we work with Toys for Tots Canada?** + +We looked into it and unfortunately, it’s two completely different executive boards and logistics chains. If we were to try to do TFT Canada, we’d basically have to start from square one on another program and that’s just biting more than we can chew right now IMO. Sorry for the disappointment. + +How do I apply to become a TFT household (request to receive toys)? + +[https://www.toysfortots.org/request\_toys/Default.aspx](https://www.toysfortots.org/request_toys/Default.aspx) + +&#x200B; + +**I’m a non-US Ape, how can I donate Money?** + +We currently don’t have a great way for international apes to donate to the money goal unless they wish to donate to TFT directly using PayPal. This method does NOT add to the VGH total, but it does help families so we want to advertise the option. If you can come up with a solution to this problem, please let us know! + +* **Pay online (non-US Apes)** +* Go to [https://www.toysfortots.org/donate/Default.aspx](https://www.toysfortots.org/donate/Default.aspx) +* Scroll down to the Paypal portion and click it and then complete the instructions. + +&#x200B; + +**Can we support other causes within Superstonk?** + +This is a tough one. We’ve got a lot of Apes with a lot of passions and a lot of causes we can support. Wherever you want to give your money to this Holiday, Superstonk cheers you on and celebrates the giving nature of the Apes! But for advertising on Superstonk, we feel focusing 100% of our efforts towards our **Very GMErry Holidays** fundraiser will best fulfill our goals and we will unfortunately remove all other fundraisers. Please be aware that we have spoken with the mods at [r/ApePhilanthropy](https://www.reddit.com/r/ApePhilanthropy/) and they will happily support the discussion and promotion of other charities and causes. We apologize for any disappointment you may feel, but we hope you understand this difficult decision we had to make. + +&#x200B; + +**Is there anything I should be worried about?** + +Yes! We are cautious of any fake links and campaigns that will try to phish for your information in the name of this Fundraiser. Please ONLY use the link found on this Reddit post to make your donation. + +[https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html) + +[“We live in a cynical, cynical world”...“I think in this age, optimism is a revolutionary act”](https://preview.redd.it/x7ttximntpx71.jpg?width=1024&format=pjpg&auto=webp&s=26e504df6e22f298c1122fe100217b75538e23de) + +# WHAT WE NEED FROM YOU APES (THIS SECTION WILL BE UPDATED) + +1. SHARE THIS FUNDRAISER! + 1. Here are some amazing graphics for this event! Pick whichever that you like and share with the link! + 2. [https://imgur.com/gallery/DJYi51G](https://imgur.com/gallery/DJYi51G) + 3. [https://imgur.com/a/Zxjg2LS](https://imgur.com/a/Zxjg2LS) +2. Coordinate those local boxes! + +# THANK YOU! And please let us know if you have any questions! Let's have a Very GMErry Holiday! +Let's face it talking about your salary is one of the biggest taboos in the workplace. But if we want to encourage equal pay its something that we need to do more of as workers. + +I recently had to assist in the salary reviews for my department and I was shocked by the disparity which was in no way linked to performance or responsibility btw. + +It's also interesting to see what other people are earning on Reddit too, some crazy salaries going around (if they can be believed). +My husband and I are in our early 30s and only have about $3K invested. We are sitting on $35K in savings. $10K of that is our emergency fund. We are saving for a home down payment, but with the housing market so awful in our area and our costs of living currently low, we are most likely going to wait another year or so and keep saving. With this as our new plan, I intended for us to max out our Roth IRAs for 2021 before the deadline, but then everything with Russia/Ukraine started. I know they say you can’t time the market but this seems like it might be an especially risky time. But maybe the volatility is somewhat past? Do you think it would be a good move to max out our Roths right now? I was thinking VTI. +The account was about £4,200 in credit, it all came about because there was a large leak at the meter a year and a half ago, and the bill direct debit automatically massively increased to cover it, and never went back down, even though Thames Water refunded the initial bill. No wonder she'd be struggling a bit with money, she thought paying that much was normal, and that water around here was just expensive... + +They're refunding her the amount her account is in credit by. + +Not sure what the moral of the story is here, check your bill accounts I guess..? + +Edit: Thanks to some suggestions here I'm helping my mum raise a complaint with Thames Water. Maybe if anything we'll get some of the interest I'm sure they've earnt on it. + +Edit2: She got £150 compensation +Saw there was another post but it didn't mention LUV as well. + +[https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-sells-huge-blocks-of-delta-southwest-stock-51585949991](https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-sells-huge-blocks-of-delta-southwest-stock-51585949991) +https://www.indiaratings.co.in/PressRelease?pressReleaseID=41025&title=Increased-Central-Government-Borrowing-Unlikely-to-Translate-into-Meaningful-Fiscal-Stimulus + +This view of the ratings agency seems to explain the fiscal package announcements. The Indian government is between a wall and a hard place. + This is a tough game. Even the pros get slayed. This fund manager took his own life earlier this week. From $20B down to $1B. He was a hardcore value investor in a world that currently favors growth stocks (and rotating back into value). + +Here's a piece on his fund from MS. + +[https://www.morningstar.com/.../behind-the-rise-and-fall...](https://www.morningstar.com/articles/708457/behind-the-rise-and-fall-of-an-esteemed-value-shop) + +What I took away from this: + +1. you don't need to be a professional wall street guy to be a good investor +2. don't over subscribe to any investing ideology (eg. growth, value, small cap, etc.). be able to be pivot and be flexible to adapt. +Here's a Motley Fool "article" that came up on my news feed [https://www.fool.com/retirement/2019/01/21/maximum-401k-contributions-are-climbing-in-2019-he.aspx](https://www.fool.com/retirement/2019/01/21/maximum-401k-contributions-are-climbing-in-2019-he.aspx) + +&#x200B; + +And a quote: + +&#x200B; + +>For this reason, saving in your 401(k) has the potential to put you in a lower tax bracket, so you owe a smaller percentage of your income in tax. Currently, single filers making between [$77,400 and $156,150 pay 22%](https://www.fool.com/retirement/2019/01/07/how-will-the-new-tax-law-affect-retirees.aspx) on their income. If you are in the lower end of that range, a 401(k) contribution could move you into the lower bracket, where taxes are just 12%. If you make $80,000 per year, for example, and contribute $5,000, **your resulting income of $75,000 would be taxed at 12% rather than 22%.** + +&#x200B; + +&#x200B; +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + 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 keep seeing this specific question - + +*I have $1K/$2K/$5 and I want to be a trader, how do I get started?* + +Most new traders focus on using Options, but unfortunately they tend to jump right in. Obviously if you are already an experienced trader than this post would not be for you. + +I've been a successful trader for several years now (meaning I can count on consistent profits as a salary each month) and it has become clear to me that so many new short-term traders have been lured into this field under false pretenses. So while many of my posts are focused on specific strategies, or upcoming stock plays, I thought it would be helpful to write one that focused on the basics. + +I am going to write out -this out step-by-step - these apply whether you are starting with $1k, $5K, $25K or $100K: + +**1)** ***Choose A Broker*** \- Stay away from any mobile only broker, you want one that you can use on your laptop, has a good trading platform (I like *ThinkorSwim*, but *Interactive Brokers*, *TradeStation*, *Fidelity*, etc are all fine, it just depends on what matters most to you, so do your research). Deposit your money and make sure you are able to trade Options and qualify for margin. You also want a broker that allows you to use a Paper Trading account in *real-time -* this is essential (*ThinkorSwim is excellent for this capability)*. As to why you want margin - simple - it is very difficult to be a consistently profitable trader without it (not impossible, just more difficult). + +**2)** ***Learn*** \- Before you make a single real trade, you need to learn. A lot. This can take months. Most brokers offer free online courses for you to take. There are also plenty of books out there (*Technical Analysis of the Financial Markets* by John Murphy, *How to Make Money in Stocks* by William O'Neil, *Options as a Strategic Investment* by Lawrence McMillian, *Trading in the Zone* by Mark Douglas, etc.) and plenty of videos that are purely educational (i.e. not trying to sell you something). Soak up everything. This is where you want to use your Paper Trading account. As you learn how to trade, especially Options, try it out using the Paper account set to *Real Time*. It is also important that you not put an unrealistic amount of fake money into this account. It should be similar to the actual amount you will be starting with in your real portfolio. At this point you are just trying to get a handle on how to trade the following: + +**a) Stocks** \- fairly basic, but learn how to buy and sell stocks (going long and shorting). And while most advanced traders use mental stops, as a beginner you will be using real ones, so also learn how to set them, including OCO brackets. + +**b) Options** \- since most of you are not starting with a lot of capital, chances are you will be trading options a great deal. Make sure you learn everything you can about Option trading before you ever spend one dime of real money making an Options trade. So many new traders lose their money playing Options without really understanding the instrument. Part of studying Options include learning the Greeks (Delta, Gamma, and Theta are the ones you will mainly use). Understand how premiums work, and what IV does to the price of your Options (particularly during *events* like earnings or company announcements). There is also a lot of enthusiasm around the idea of "selling premium" - which while an excellent method of generating income, can also be very dangerous if you do not know what you are doing. + +**c) Option Spreads** \- correctly using Option spreads are the best way to grow an account below $25K. They are also one of the more difficult things to master. So spend a lot of time on these. The Options Playbook website is filled with information and as you will see - there are *many different types of spreads*. I suggest getting most familiar with *Call Debit, Put Debit, Call Credit, Put Credit, Diagonals, Covered Calls,* and *Poor Mans Covered Calls.* Using these strategies can both mitigate your risk while keeping your returns at a respectable level. + +**3)** ***Analysis -*** Up until now you should have been getting comfortable with the basics, but probably without much direction on how to choose the right stocks, when to enter and when to exit them. This is where *Technical Analysis* comes in. All of short-term trading is based on *Technical Analysis*. Long-term investing is focused primarily on *Fundamental* analysis, but as a short-term trader (meaning you are holding for less than two weeks, and usually for less that two days) you really do not care what the fundamentals are behind the company you are trading. If you are holding a position for a few hours or a few days, it doesn't really matter to you what their P/E ratio is, or how their future outlook was last reported. What does matter are the charts. You need to learn how to read the candlestick patterns, which indicators are useful (and which ones are crap), how to read the market, and of course, how to finds the right stocks. *Technical Analysis* works because there is widespread consensus on it. Meaning, if all traders, retail and institutions, believe that a price level is acting as *support* for a stock, they will act accordingly. This part of your journey is probably going to be the most difficult to master - in fact, you will continue to learn and get better at it as you go along. Every great trader never stops being a student of analysis, and neither should you. + +**4)** ***Choose a good scanner -*** All this knowledge is not going to help if you cannot find the right stocks. Most brokers come with decent scanners built into their platforms, and there are a number of free scanners available as well. There are also a number of scanners out there that cost money, some of them are very good, while others are of questionable quality. I have ones I recommend, but there are many out there that give you great stocks to trade every day. Keep in mind, if you are looking to Day Trade than you are scanning on a much shorter time-frame then if you were Swing Trading. By now you should have a good idea of what you want to scan for as well. Most people will tell you to look for huge jumps in volume, which is always an important factor, but that mainly applies to *Momentum Trading*, **which you should be avoiding**. You do want stocks that have high Relative Volume, but you also want stocks that are strong/weak to the market, have high liquidity, have a "buy" signal (whether it is a 3/8 cross on the EMA's, or a breach of consolidation, breaking through *resistance/support,* there are many different scenarios that qualify here). These scanners should also help you create *Watchlists* and set alerts on charts so when a stock meets the criteria you have set you will get notified of it. Going through charts and placing *alert lines* are a huge part of being a short-term trader. + +**5)** ***Choose a Journal*** **-** The three most popular are *Tradersync, Tradervue* and *Edgewonk.* Whichever one you choose, make sure at the end of each day while paper trading you upload your trades to the journals and look at your statistics. You want to focus on your win rate, profit vs. loss, and the types of trades you do well at, as well as the ones you tend to lose the most on. Categories like *Type of Stock (price, market cap level, volume, etc.), Time of Day/Week, Trade size, Type of trade (Long, Short, Option Spread, etc.)* are all important to note and study. + +***These first five steps should take you at least six months. Which means several months where you have not yet made a single trade using real money. And you will be tempted - particularly as you start seeing trades in your paper account making huge returns. Don't do it. Until your win rate is at least over 60%, do not make a real trade.*** + +**6)** ***Choose a Strategy -*** Now that you have a good understanding of how to trade, and you have a decent amount of data in your online journal to see what is working for you, it is time to choose a strategy. There are many strategies to choose from (I primarily use Relative Strength/Weakness against SPY, which may sound like RSI and/or Beta, but it is very different from those indicators, neither of which I use or put much stock in) but there is *one strategy you should* ***not*** *use - Momentum trading. Especially Momentum trading low-float stocks.* This method of trading is unfortunately what lures most traders into this field to begin with (countless YouTube videos promising you that you can get rich doing it) and it *seems so easy. This type of trading is one of the most difficult strategies one can choose, and should only be done by people who are* ***very*** *experienced.* There will be many people tell you about how much money they made or are making with *momentum trades*, most of which will try to convince you that they discovered some method that assures you of high level of profits. *Don't listen to them. Someone who is getting lucky for a few months is not the same as having a consistently profitable method that* ***you can count on***. + +**7)** ***Decide on a Community -*** Many people prefer to trade alone, excel at it even. For me it was fine, but I much preferred trading in a good community. However, there are many scams out there. But if you are going to join a group, make sure you choose a service that: + +**a)** is not focused solely or mainly on *Momentum trading*. Most of them are. You want a community that teaches a full 360 approach to trading. + +**b)** has pros in it. People that actually do this for a living. And make sure they are accessible. + +**c)** has an active live discussion. This part is essential. You want to be in a room that isn't a free-for-all, but rather focused on trading and led by actual professionals. The ones that are mainly composed of amateurs throwing out trades all the time can actually hurt your trading. + +**d)** is filled with resources. Any community you choose that is worth joining will probably cost you some money, so make sure they have useful resources, including scanners, platforms and educational content. + +**8)** ***Start Trading -*** Now that you have chosen your broker, learned the basic of trading, understand technical analysis, found a really good scanner, used to journal to help you choose which strategies you want to focus on, and decided on whether or not you want to be in a community - you are ready to trade. ***Start small***. I can not emphasize this enough. If you have $2,000, then you are looking to perhaps do an Option Spread that costs $1.50 ($150) per contract and maybe do 2 contracts. You want to buy just one In-The-Money Call or Put (Delta of .6 or higher) on a solid stock. The key to being successful is *consistency* and that means hitting *singles*, not *homeruns*. If you have $2,000 in your account and make $50 in a day, that is a 2.5% return, which is excellent. Learn to be ok with slowly growing your account. As your skill level increases, so will your profits - don't worry, in time it will come - but for now, settle for the small wins. + +**9)** ***Set Goals -*** Trading for a living is a business. Treat it like one. Set your monthly goals. While you should not focus on your P&L while trading (meaning you do not exit a trade because you are down or up a certain amount of money, but rather because the analysis tells you to exit) you *should* focus on you account balance in terms of the salary you need to live off day-to-day. It is important to realize that if you reach your monthly goals on win rate, number of trades a day and profit per trade, you will also reach your monthly profit target as well. Remember the ultimate goal here is that at the end of each month you are going to be taking out the profit (this is your salary) and leaving the base behind. By the time you reach this step you should have a really good idea what type of profit you can expect from your strategy, and base amount in the account. + +**10)** ***Get an Accountant -*** Some people can do this themselves (I am not one of those people), but you want to make sure you are using the best possible set-up to pay the least amount of taxes. Do you qualify for Day Trader status with the IRS? Are you trading out of an IRA? Are you using an LLC or S-Corp? Since this is going to be your business, make sure you have your financials in order. + +So there you go. + +Why do most people fail at short-term trading? Simple - they do not do any of these steps. They deposit money, try to scalp low float gappers or buy a lot of options on the hot MEME stock. Eventually after losing enough money, they quit. ***That is why most short-term traders lose money.*** + +*If one follows these steps, it should take roughly two years before you can expect to be consistently profitable. Even after doing the first five steps, you will lose when you start trading with real money. But if you are* ***trading small*** *like I suggest, it won't blow-up your account.* + +I know nobody wants to hear that it will take that long to get good at this. But think of it this way - how much time, energy and money does one put into getting a job and working their way up to middle management? Years of school. More years of eating shit at a bunch of crappy jobs, working yourself to the bone to get promoted. All for what? A bigger cubicle? A VP title at a company that will fire you the moment they need to make "cuts"? To have bosses that don't know what they are doing? + +***Trading for a living gives you financial freedom.*** The ability to make money no matter where you are, as long as there is an internet connection. No boss. Just you and the market. **Having that life is worth the time and effort.** And I can tell you, it is great. It is exactly as you would imagine it to be. + +***As a professional Day Trader and I could not imagine doing anything else.*** + +So I urge you - if you are trying to figure out how to get started - do this the right way - there are no shortcuts. + +Follow these steps and start your journey. +$0 was not an acceptable answer to her. She didn’t understand that my parents have no savings. There’s a reason they call it generational poverty. I’m definitely not in the worst spot I’ve ever been but I’m not living large by any means and I can’t foresee a time when I won’t be scrimping. To prove I was serious, I called my mom in front of her to ask about any potential inheritance. She (my mom) just laughed. + +I love my friend a lot and this post is by no means meant to disparage her at all. It just really highlighted how different our outlooks on finances are and was sort of a wtf moment for me lol. + +Edit to say that I know some people are hung up on the fact that my friend even asked. It wasn’t rude or unwelcome as we were talking about our finances and do so pretty regularly. Honestly I feel everyone should have someone they’re completely open with (a partner, a friend, a relative, etc). Also, we might not like thinking about our parents leaving us but it’s important to understand what kind of situation we’ll be left with when they’re gone. +twitter just deleted 25,000 tweets that had #kengriffenlied + +wtf is going on an why would they do that . its doesn't seen fair that when we try to bring something to light every single platform that has the power to shuts us down. its things like this that temper my resolve. + +but seriously why would twitter do that, does kenny have pull there or is it just the execs at twitter stopping what they think is just a spammy hashtag? I've never seen them pull a hashtag before although im not a big twitter user it seems weird. has anyone ever seen them do something like this before? +# 🚨 More than 25200 people have joined this outstanding memetoken for a week! Join and stay tuned for Shiborg swap! 🚨 + +Join their community to be in touch with the latest news + +[https://t.me/ShiborgInu](https://t.me/ShiborgInu) + +**💲Where to buy from? Pancakeswap! 💲** + +[https://pancakeswap.finance/swap?outputCurrency=0x389c13d5be24bed2af35c30f211e042225cb06ff](https://pancakeswap.finance/swap?outputCurrency=0x389c13d5be24bed2af35c30f211e042225cb06ff) + +**🚨What are the latest news around Shiborg Inu?** **🚨** + +🔥 SHIBORG SWAP is being prepared! Coming later this month! + +🔥 10% burn of $SHIBORG tokens announced from the team on Sunday, 14th November! Join before that + +🔥25,200 holders for a week! + +🔥CMC and CG listed on 1st November! Just amazing to get both listed on one day! + +**👉 What is Shilborg Inu?** + +Shiborg Inu ($SHIBORG) is a Cyborg Shiba Inu Dog from the planet Shibamoon X1000 on the BSC chain! Shiborg Inu is also a decentralized meme token and the army will take the crypto-verse by storm! + +**👉 Is it CMC and CG listed? Yes, already for just 3 days! Take a look!** + +[https://coinmarketcap.com/currencies/shiborg-inu/](https://coinmarketcap.com/currencies/shiborg-inu/) + +[https://www.coingecko.com/en/coins/shiborg-inu](https://www.coingecko.com/en/coins/shiborg-inu) + +**👉 Give me some more information on Shiborg Inu!** + +It was one of the best and epic Launches this year! + +The Developer is KYC Doxxed, proof in the TG or on the Solidproof homepage! 🦾 + +Astonishing campaigns booked and organized by the team all week including the famous "Dextools button on mobile and desktop ads", Poocoin, Twitter, influencers and much, much more! 🚀🌕💸 + +Big TIKTOK Influencer next days, also Insta and Discord influencer campaigns running and booked for the coming days with big names! + +**💎Tokenomics:** + +✅ 2% Redistributed to All Holders + +✅ 8% Automatic Liquidity Pool Refill + +✅ SAFU: Liquidity Locked 100% + +✅ FULL PASSED AUDIT + +✅ WHITEPAPER + +✅ VERIFIED CONTRACT + +✅ FULLY DOXXED WITH KYC + +**🔗 Join the community and feel the great vibe!** + +Shiborg Inu token’s team has given you a wide variety of social platforms that you can engage with and communicate with other people in the project. Right there you can contact the team and ask them anything you feel like it! I have done it myself and they are flawless in their response. + +**🌐 Website:** [https://shiborgtoken.com](https://shiborgtoken.com/) + +**📱 Telegram:** [https://t.me/ShiborgInu](https://t.me/ShiborgInu) + +**🕊 Twitter:** [twitter.com/ShiborgToken](http://twitter.com/ShiborgToken) + +**🪐Reddit:** [reddit.com/r/ShiborgToken](http://reddit.com/r/ShiborgToken) + +**📱 Facebook:** [facebook.com/ShiborgToken](http://facebook.com/ShiborgToken) + +**🌐 Youtube:** [youtube.com/channel/UC5LQLfoSg8UVeV21SfC5XDA](http://youtube.com/channel/UC5LQLfoSg8UVeV21SfC5XDA) +So I found out my grandparents purchased 8 shares of Disney stock for me in 1992 and 16 shares in 1998 and then completely forgot about them. They were put in my parents name. We found the actual stock certificates after going through some old boxes. Apparently in 2016 the state I live in (Virginia) sold the stock as there are some laws that say(I'm terribly paraphrasing as I don't understand this at all) if nothing was done with the stock and it was deemed inactive, ownership of the stock is given to the state of the last known residence of the original owner. We called the state office and they told us to fill out a bunch of paperwork and submit it to the state to see what can be done about recouping some of the funds from the sale. + +Sorry if this is not the right place for this post or if it doesn't make sense lol I'm just trying to find some answers. Some friends of mine mentioned that with the Disney stock splits back in the 90s those 24 shares could have turned into a decent amount of cash. I appreciate any insight you all could provide! + +Edit: I'm looking at them now. The 8 shares bought in 1992 were purchased in December of that year so post split and the 16 shares purchased in 1998 were purchased on July 9th of that year. So would that mean the 8 from 1992 would have turned into 24 in 1998 and the 16 bought in 1998 look like they missed the split by like 3 weeks (lol god dammit) for a total of 40 shares in 2016 when the state sold them? +Throwaway account. + +My parents wired 335k to scammers on Tuesday thinking it was going to the title company. They discovered today (now two days later) at closing that their money is gone. A complaint with the FBI has been filed. They have also spoken with Fidelity and their bank. + +I'm not sure what advice to give them at this point. Do they lawyer up? What are the chances of them getting any of this money back? + +Any advice would be much appreciated. Thanks! + +Edit: Parents called Wells Fargo and still couldn't get a lot of info. HOWEVER it does sound like some sum of money is frozen with the bank, so we are hoping for good news. They are also meeting with a lawyer tomorrow to possibly go after the title company. + +Edit/Update #2, for those of you asking exactly how this happened: My parents had been emailing back and forth with the relator about wiring the money. They then received an email from what they thought was the title company with instructions for the wire transfer. The scammers got to my parents before they even talked to the title company. It seems to me that the relator's email was probably compromised. The title company is not at fault. The money was wired from Fidelity to a Wells Fargo, likely in South Carolina as that was what was on the wiring instructions (we are located in Texas). Neither Fidelity nor Wells Fargo are answering questions. They called the FBI, but they just said to fill out a form (which my parents already did). They also filed a police report. +Currently hold 4500 shares of RKT and im buying more whenever i can + +it seems like this ticker rarely moves up or down is huge volatility + +so if i sell calls wayyy above my avg buy it seems like literally free money right? + +currently have a avg buy in of $26 and selling weekly $34 calls will net me around $1000 as long as RKT sustains its currently price action (which is likely) + +so the way i see it, sell weekly calls for $1000 premium + +if they hit then minimum id profit something like $30,000 because im STILL selling these calls way above my avg buy in + +what are the downfalls apart from RKT mooning to $100 and me missing out on that (very unlikely to happen i think) +**What the fuck is wrong with some of you people?** + +u/ButtFarm69 steps up and creates something amazing that will benefit ***needy kids*** who likely won't get shit for Christmas and some of the responses are basically "Go fuck yourself mod that's money that could go to shares, DRS is the way!" + +***ARE YOU FUCKING KIDDING ME?*** + +First off, if your attitude about a toy drive for kids that benefits needy children is "the money would be better spent on more shares" then fuck you, you selfish POS. You don't deserve life-changing money. + +Second, the donation goal they set ($741,420.69) is less than $2 per member of this sub. I don't think I need to explain that one any further. + +Third, you seem to be ignoring or completely oblivious to the positive effect this will have on Q4 earnings which helps us all reach MOASS quicker. We can't just assume DRS or NFT or anything else will guarantee lift-off. Even if they announce it today, it could be months before MOASS starts. It could very well be a combination of factors creating another mass FOMO event like what happened in January. Like an amazing Q4 earning call... have you motherfuckers forgot what Cuban told us? + +&#x200B; + +[\\"BEST THING YOU CAN DO IS SHOP AT GAMESTOP\\"](https://preview.redd.it/8t8xvvhmtsx71.png?width=867&format=png&auto=webp&s=940480ca9c1c7b9a398167a245fd820f37f041ad) + +What do you think will happen if GameStop ***SMASHES*** Q4 earnings expectations? MASS FOMO + +Yes, continue to buy via IEX or Computershare and DRS will always be the way. But don't be a GD Grinch. It's time to back up all that talk about apes being better than the greedy 1% that we are up against. + +**GMERRY CHRISTMAS TO ALL** + +Edit: Congratulations, you stingy apes have apparently made this one of the most controversial posts on Reddit today and made me a member of r \ controversialclub. Cheers! 🍻 +Welcome to the Daily General 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 meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + + **Greetings Traders!** + +I bet you have heard of С umrocket aka $Cummies if you don't it isn't too late to Hop on and here is why: + +* The Beta V2 18+ NFT Marketplace will launch in 13 Days 22 Hours 5x MinutesAnd this is the Last Goal in Q2! +* They even released the World first 18+ VR NFT Gallery just out of nowhere! +* Next week Сumfarm will Launch! This will solve Liquidity Problems and will allow people to farm Сummies! +* We also got Mentioned by couple of Famous people | Elon, Bill Maher, Hypebeast, Forbes, Barstool Sports, CodyKo, JournalduGeek and many more! +* Partnerd with over 50 Models & Creators Latest Partnerships Include Sophie Dee, Swedish Belle, Jayden Michele... and many more Partners& Creators are on the Enlisting Proccess +* Enlistings on Bilaxy, Digifinex, 1inch, Cointiger + +Q3 will deliver the following : + +* Release our own private NSFW content platform where $ СUMMIES are used to tip creators, message and make special requests +* Marketing campaign with free merch being sent to the early creators on the platform +* Establish the СumRocket brand +* Apply for more exchange listings (They already applied for Gateio & Kucoin) + +This Project is **delivering** one Big News after another ! + +**The Team is fully Doxxed and the Brand Сumrocket is fully Incorporated!** + +They got in Contact with an Marketing Agency which will Provide solid Marketing Strategy's and improve the Content. + +# Tokenomics: + +* Total Supply: 9,607,499,039 +* Burned Tokens: 8,258,500,679 +* Circulating Supply: 1,348,998,360 +* Liquidity locked for 1year (10 more left) +* Token Type: BEP-20 (BSC) +* 💸 2,5% redistributed to holders. +* 🔥 2,5% burnt. + +Сummies will be used as a Native Currency + +**NSFW Website features and Use case of Сummies:** + +* **TIP CREATORS** \- Tip creators СUMMIES on their profile! (tipping is purely in СUMMIES). +* **PAY PER MESSAGE** \- Want to send a message with your tip to the creator? Go ahead and spend those СUMMIES sexting your favorite adult star! +* **PROFILES** \- Creators will have their own dedicated profiles that will contain info about them, their social links and all the NFTs they made. +* **A GREAT USER INTERFACE** \- A much easier and enjoyable experience - an aesthetically pleasing site that's user friendly, no more having to connect your wallet to view NFTs! +* **VIEW NFTs IN YOUR WALLET** \- You won't even have to navigate to the site to view your NFTs, simply check them out in your wallet! +* **ADDING LIQUIDITY WITH EVERY SALE** \- Every NFT sale will automatically route a percentage to our V2 liquidity pool. Our liquidity will build up over time with this method. 1) NFTs sold using СUMMIES: some CUMMIES will be sent to our СumFarm to provide liquidity providers with more rewards. 2) NFTs sold using BUSD or BNB will be directly added to the liquidity pool. + +This also means every Transaction on the NSFW Site will reap the 5% Tax (2,5% Burn , 2,5% reflected to Holders) + +Сumrocket is a Solid Project with a Solid Community the Price is way to undervalued! + +Do your own Research and you will see that this would be a good Decision for a Long Term Bag Holding & Profiting! + +# Сumrocket: + +* [Twitter](https://twitter.com/CumRocketCrypto) +* [Telegram](https://t.me/cumrocket) +* [Discord](https://discord.gg/cummies) +Hello everyone + +Since were all from EU i believe that the same laws apply for organic food production. Do you believe that organic food is healthier than conventional food? + +I know that for organic food there are stricter laws, but organic food doesnt prohibit the usage of poisons in general. Its just more limited usage of less selected ones. + +I buy only organic now but it does cost a fair amount more, than if id buy normal food. + +Do you believe i should be just buying normal food? +Many people here don't seem to get it when they say it dropped 20% yesterday and fully recovered the next day with 20% gain. No, it's not. The market is asymmetric. After a 20% loss, you need 25% gain to get breakeven. It gets exponentially worse after 50% loss. + +50% loss needs 100% gain. + +70% loss needs 233% gain. + +90% loss needs 900% gain. + +&#x200B; + +Loss after 90%, it's getting catastrophically worse. + +Add 9% more loss to 90%, you would need 9,800% gain to get breakeven! + +People are going to downvote this because they have so much at stake, but it won't change the fact that the market is asymmetrical. +Hey all, I posted here earlier today, but realized I needed to verify my NW with the mods so this wouldn't come off as a troll post. I've done that and wanted to repost this with the intent of hearing others perspectives on how they would manage money if they were in my position. + +**The mods (**[u/WealthyStoic](https://www.reddit.com/u/WealthyStoic)) **have looked at proof of my bank statements, investment accounts, etc. and have verified my info. So with that, here's some context:** + +I started a tech startup when I was 20 years old. Worked my ass off 7 days a week for 5 years to get the company where it is today. My startup saw a big tailwind with through this pandemic that resulted in millions working from home who needed a better WFH set up (my company is built around remote work). The company has obviously done extremely well, and as a result, I've sold off some of my ownership to diversify into other areas. + +**My current portfolio is as followed:** + +* \~$17M in private stock in my startup (illiquid, strong secondary market. I don't plan on touching this) +* \~$2M in cash that becomes liquid in 6 months +* \~$1.7M in bonds (+ $350K on margin at .95%) +* \~$250K in cash +* \~$175K in venture capital funds +* \~$100K in volatility fund +* \~$35K in public stock + +I am renting a place in a HCOL area in California, but have been "thinking" about moving to Texas. I don't own any hard assets aside from a car. I'm not looking to retire anytime soon and don't want to put all my money in a low-risk bond portfolio. I want to be slightly more aggressive with my investing approach and take a few big bets. + +I want to explore more opportunities in the multi-family real estate space, specifically focusing on deals that have a higher emphasis on cash flow over equity appreciation (haven't found any that I like yet). Picked real estate as that's an area I haven't made any investments in. + +**I'm looking to build a portfolio where I can net \~$300K in income annually and maximize my returns with moderate risk investments.** I have a great financial advisor who has been helping me out here, but wanted to turn to this subreddit to hear how others would craft a portfolio of a similar size. + +I want to emphasize this again - I'm posting this here to get perspective on how others would build their portfolio if they were 25, with this wealth, and wanted to be take moderate risk with their investable cash. +Previous post- +https://www.reddit.com/r/realestateinvesting/comments/ivyu8d/im_not_a_realtor_and_my_tenant_wants_to_buy_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +The only reason I have even contemplated selling directly to her before putting it in the market was to in fact save in realtor fees which would be at or near 20k. I have questions and maybe you have answers to questions I didn’t think to ask. + +She is trimming to say if the house is worth 380 then just subtract the realtor fees and she will buy it for 360, thus giving her instant 20k equity. I told her that even though I know I will/would have to pay the fees if I put the house on the market, she the buyer would have to pay the 380 to live there. I suggested that we find a price point that we both agree on and potentially split the realtor fees in savings. So meet somewhere in the middle at 370k. + +Her response was that she is doing all of the work!!! Because she has to do all of the contracts?? Also she is saying that she will be writing up the contracts for both of us.. that seems odd. (Red flag). + +I realize that realtors when out on the market have a lot to do as far as listing a house, when putting a house on the market, but what about when they don’t? + +She also wants me to come up with a price I want to sell it at. So many problems. I’m not a realtor and I told her that I can no longer accept her word as truth because now she is the buyer and wants the lowest price and I am a seller and want the highest price putting us in a conflict of interest. + +Also worth noting the market in the area is selling hot and fast, and interest rates are historically low.. so why in the name of anything holy would I agree to give her 5% commission or a 20k discount for a market that has the potential to overbid??? + +1.So my question is what is the process that happens when 2 people agree to a price is a realtor necessary? + +2.What does a realtor do “job wise” when 2 groups come together and agree on a selling point. ( It seems significantly more if they list the house and put it on the market) + +3. What happens when a buyer and a seller come to a price point without a realtor, what happens then? Do you deal with just a mortgage lender? + +4. If a realtor is necessary still what role do they play and potentially what percentage of the deal is deemed appropriate? +So I have a tenant on a MTM lease. + +She's alright, she keeps to herself. We've had some issues with paying late but she always pays the late fees. + +I could make significantly more by renting the unit on AirBnb. I did it with the other 2 units in the building, making me 3x the revenue. + +Even after you factor in cleaning and furnishing, it is still highly more profitable for me. + +I've asked her to move, even offered her cash for keys but she does not want to leave. + +**Would evicting her be immoral? I got into real estate to build wealth and not for moral dilemmas but here I am.** + +The state I'm in is VERY landlord-friendly. I do a few evictions per year for my portfolio but it's usually people who deserve it. + +Within 45 days I could have the unit empty. It's just not sitting right with me. +This sub has turned into a place for people who obviously don't have any financial problems bragging about how they paid off their loans in 1 fourth off the time or paid off 50000 dollars in credit card debt in 2 years etc. While im very happy for you guys, you wouldn't know poverty if it bit you on the ass. +The purpose of shorting a lot of these companies into oblivion is not simply to never pay proper taxes on the "profit." + +The real purpose is to get around *Anti-Trust* laws that the USA has had around for ages. This is the 21st Century's method of accomplishing a monopoly without directly breaking competition related laws. + +Every single company that has been shorted to nothing has had funds that have gone long on the competitor that becomes the defacto-monopoly by 2016. Literally every one. + +Over 90% of these companies have been absorbed into a product/service that Amazon offers. Toys-R-Us? Sears? KMart? Blockbuster? Two dozen other lesser known. JC Penney soon enough + +Had Bezos and company outright bought up the competition, they would have quickly been hit with a myriad of anti-trust lawsuits and it would have been very obvious what the plan was. This way however, everything has been indirect. For a bit over a decade, the elite have orchestrated their monopolistic takeover of more markets than we realize. + +-------- + +So what can we do? + +We hold onto a majority of our shares, even past the squeeze. This is about more than getting wealth back. This is about change. They need to be stopped, and every last one of us has an obligation to do the moral thing: hold 'til they crumble to oblivion, just like the companies they absorbed. +Post MOASS, you can't just get off the grid either. You have to utilize the wealth you've taken back to make lasting changes. Can you do that? +Are ARKK funds inflows propping up the underlying stock prices? Can the fund continue itself without continuing to get regular investment $$ coming in? Are they essentially using stock buy backs to prop up the price using new capital? + +Plus, with reverse copycat Cathies who buy the underlying as soon as they catch wind of ARK trades and lead to these massive pumps. In any event, will it end badly for ARKK investors as the process effectively starts to reverse with money coming out? +Hello reddit, it’s hard to find friends who value investing like I do so I thought I share my achievement here. I had been investing for about 3 years and just as the market bottomed cause of Covid I ditched my ACB shares which caused me a huge loss and realized that I didn’t want to lose anymore money. I came across the Dividend investing strategy. My portfolio is so much more stable now and I like the feeling of getting paid more times throughout the year and then compounding as time goes on. But anyway here are some stocks I have in my portfolio. Let me know what you think and if you have any advice. This is a taxable account and I’m planning on opening an IRA soon to take advantage of a tax free growth. Next goal is 100 dollars a month !! + +T- biggest position +BUD +IRM +MPW +SPHD +O +KHC +KO +TSLA-lowest position +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- 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. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + 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! + +My husband just got scammed out of $45,000. + +He received a call today to say that we had money fraudulently taken from our bank account and my husband had to “reverse” the transactions by logging in, downloading Any Desk and transferring funds to a bank account. + +The guys was convincing to say in the least. + +My husband made the transfers. I’m sorry to say that he did it 3 times until I understood what was happening and stopped it. + +We raced to the bank while on the phone to a Fraud team to cancel the transactions. Probably within 2 hours. This was done from a business account. + +Can someone just tell me the truth. Is it all gone? + +This will actually probably bankrupt us as we have a small business that we need the funds to pay our suppliers, staff and the money was going to be used to gear up for Xmas. + +I wish I was exaggerating the situation but we had a deposit on a house and land package that is due to be financed soon. We had a deposit on it, so we will lose that if we do not get financials approved. + +How can we earn and income if we cannot afford supplier costs that we already have used, lose our Christmas trade to remain ahead of our competitors and in business plus live. + +We’re in a dark place. I can only see that we will lose everything. + +If you can’t help me, double down and have the security checks in place so that you don’t lose your life like us. +I just got off the phone with a hotline person from SBroker... Long story short, she claims that Gamestop cancelled the split and this is the news that the SBroker has received as of Friday night... What the fuck is this? This is completely wrong and basically a blatant lie. On my question, when we will see our shares, she basically said she doesn't know and that they won't be able to give me any date as of now. I then asked what I can do and who I can contact and she said that the only thing that can be done now, is contact Gamestop to ask why they cancelled the split... What the fuck are these people smoking? I will basically send a mail to Bafin now... This is complete fuckery... + +\------------------------------------------ + +Latest reply from my Broker: + +&#x200B; + +[Orange tranlation: They don't know when it will arrive...](https://preview.redd.it/0iyyr45oc4f91.jpg?width=1501&format=pjpg&auto=webp&s=20ebb09a1e28a30f35054603994961e7bb2e77d2) + +\------------------------------------------- + +Somebody with a few wrinkles might want to check Edit 5! + +Edit 1: Based on a comment in the German Sub, DKB is giving out the same information. So is DWP Bank giving out fake information? + +Edit 2: Another comment in... Santander Bank said the same. + +Edit 3: Here is some further interesting information from fellow german apes... + +*📷Level 1*[*Masterchief\_m*](https://www.reddit.com/user/Masterchief_m/) *·* [*vor 2 Std.*](https://www.reddit.com/r/Superstonk/comments/wdafma/comment/iihatvt/?utm_source=reddit&utm_medium=web2x&context=3) *· bearbeitet vor 13 Min.📷📷📷* + +*I'll called Volksbank.. Shares not there yet...* + +*Ahem okay?? I called and she said she knows nothing about the case and will forward me to a consultant. Then they hung up...* + +*On the second call I was told that I would have to talk to my consultant about it... she happens to be out today and neither is her replacement. I will now apparently be called back later today! Wow just wow...* + +*Edit: credit to* [*u/Zealousideal\_Gate\_55*](https://www.reddit.com/u/Zealousideal_Gate_55/) + +*"I just spoke with a DWP Bank employee. As a bank employee, I have a direct hotline. As many have suspected, DWP incorrectly recorded the dividend - as a stock split. It was then withdrawn on Friday. The dividend will most likely be posted today during the day, tomorrow at the latest. Please pass the info on to Superstonk as well. My karma is not enough unfortunately."* + +Edit 4: Another interesting find: [https://www.reddit.com/r/Superstonk/comments/wddmmd/german\_hodler\_here\_interesting\_find\_this\_section/](https://www.reddit.com/r/Superstonk/comments/wddmmd/german_hodler_here_interesting_find_this_section/) + +Edit 5: Another interesting hint from u/Simulation_Glitch. This could be a loophole for as many fake shares as they desire in Germany. + +&#x200B; + +[https:\/\/www.imf.org\/external\/pubs\/ft\/wp\/2010\/wp10172.pdf](https://preview.redd.it/c24ufd5qj3f91.jpg?width=1170&format=pjpg&auto=webp&s=338c98beb858c92f968a6d9392225627b9aadf5b) + +Edit 6: Huge... + +[https://community.comdirect.de/t5/Wertpapiere-Anlage/GameStop-Dividend-Split/m-p/245618#M154292](https://community.comdirect.de/t5/Wertpapiere-Anlage/GameStop-Dividend-Split/m-p/245618#M154292) + +ComDirect (huge bank) claims DTCC tells them it was a regular stock split not a divvy. Wow. + +[https://www.reddit.com/r/Superstonk/comments/wdhh8h/german\_broker\_comdirect\_says\_that\_the\_dtcc\_told/](https://www.reddit.com/r/Superstonk/comments/wdhh8h/german_broker_comdirect_says_that_the_dtcc_told/) + +&#x200B; +I'll start - + +**Background** + +After working at a FAANG company, I took the last few years off to travel and decompress. Last year when I wanted to buy a house, after initially getting pre-approved, the mortgage company wanted to see more income. After not working for a few years, that wasn't possible so I would have to turn to a higher interest rate, equity loan. I wasn't interested in the higher interest rate so that ended the house hunt (for now). + +**Why aren't assets enough?** + +Since 2008, Fannie Mae & Freddie Mac look for income on the mortgages they buy. For the bank to resell the mortgage to Fannie & Freddie, they must play by their rules. + +**Lesson** + +Having a W2 income for 6 months+ makes it much easier to get a traditional mortgage. Otherwise you may have to get an equity loan that has a higher interest rate. + +What situations have you run into that you wish you knew prior to fatFIRE'ing? +I'm very close to fatFIRE and this community has been really helpful. I'm curious if there are podcasts, books, etc. that discuss the tax/investment strategies, lifestyle, and pitfalls for people at this stage. Basically, any good resources beyond this community? +If you've paid any attention to the financial news over the last 2 years, you've seen the questions and critiques about Warren Buffett's cash position. In almost every interview he's asked why is he stacking cash or why Berkshire isn't outperforming the S&P 500. The majority of questions aren't as brazen, but rewatch some of his interviews and you'll see that 1 or 2 questions along those lines comes up. + +Take this article by CNBC from November of last year: + +*Being in the enviable position of having that much cash to spend seems unenviable at the moment, as far as Berkshire shareholders, and maybe even Buffett, are concerned. Buffett’s company is currently on pace for its worst annual stock performance since 2009.* + +*“He pinned himself into a corner a few years ago, saying I can’t have $150 billion in cash in three to four years and say that’s alright,” said Greggory Warren, a Morningstar analyst who covers Berkshire Hathaway.* + +*Underperformance versus the index, deals that have not worked out well, such as Kraft Heinz (thought it showed signs of life in its most recent earnings), and increasing willingness on Buffett’s part to consider share buybacks, all point to the the importance of moving that cash into investments that generate a return."* + +https://www.cnbc.com/2019/11/01/even-obvious-way-for-buffett-to-solve-big-cash-problem-is-a-puzzle.html + +I can spend all day finding each and every article from the past 2-3 years but you understand my point. + +As stocks soared to all time highs, people wondered just as they did during the tech boom whether Buffett had lost his touch. Now Buffett is sitting on a 125+ Billion dollar mountain of cash just biding his time. He's poised more favorably than he could ever ask for, and prices are just getting more reasonable by the day. + +TLDR: When you see Buffett stacking cash, he's not an idiot. He's waiting for prices to become reasonable again, which only happens after a significant market decline. + +I'm not saying he's an oracle, but he's rarely wrong. If history is any indicator, Berkshire is going to reap some mighty rewards. +In my opinion TSM until 2023 is going to absolutely explode and dominate everything and one else in an unseen way. They will control the GPU and CPU markets in the desktop space (Nvidia Hopper is being made with them and Intel is rumored to go fabless in the next few years, they also manufacture all AMD products). They also control the console space with AMD so Xbox and Playstation and are manufacturing Apple's APU in their phone. I don't see how it doesn't become a 500-600$ stock in the coming years. + +&#x200B; + +Edit: Thank you for the awards, great comments and don't forget to do your own DD before buying or selling anything, good luck. + +&#x200B; +I spent several hours this past week coaching traders at my prop firm. And something caught my attention… + +Every single one of these traders needed help with the same thing. + +It has to do with what I call the “reverse” gambler’s fallacy. And it’s something many traders struggle with. + +Today, I’ll show you how to get this common obstacle under control… and start earning more consistent returns year after year… + +**What Most New Traders Get Wrong** + +The obstacle I’m talking about is trading psychology. It’s a very broad term used to describe the emotional side of trading. + +Almost all new traders believe the most important part of trading is being able to analyze markets like a pro. + +On the surface, this logic makes sense. After all, if you can reliably forecast which direction to take on a trade, the money should take care of itself… right? + +What these novices don’t yet understand is that something special happens the moment you commit your money to a trade… + +You start *feeling* things. + +Whether it’s fear, excitement, anxiety, or a mix of all three, no one is immune to these emotions. And they can wreak havoc on even the best planned trades. + +You may be able to call the direction, the timing, and the target price to perfection… But it can all be for nothing if you are unable to stick to your trade plan. + +I can’t tell you how many times I’ve seen traders plan out a great trade… But then ended up somehow losing money, or not being in the market when the move they’d forecast played out. + +So how do you beat your emotions to become a better, more consistent trader? It comes down to the three key parts of trading. Let me explain… + +**The Three-Legged Stool of Trading** + +I think of trading as a three-legged stool. + +Your methodology/strategy for picking trades is the first leg. Your risk- and trade-management strategy is the second leg. And the third leg is your trading psychology. + +In my experience, most traders focus on the first leg (strategy and methodology), and they neglect the other two legs. But the stool needs all three legs to stand on its own. + +Over the years, I’ve honed my own proprietary method to develop well-rounded traders. Here’s what I’ve learned… + +The first fundamental building block of a profitable trader is to establish a proven strategy/methodology you can use to identify good trades. In my experience, everything follows from this foundation. + +How you manage your risk and your trades should be determined by the strategies you employ. Your trading psychology likewise will be influenced by your approach to risk and trade management. + +I’ve seen other trading instructors assign arbitrary percentage values to the three legs of the trading stool. Usually these values are divided up like this: 30% to the level of importance on the analytical strategy, 30% to risk and trade management, and 40% to trading psychology. + +But I don’t believe that any one leg is more important than the other. And yet I’ve found that, more often than not, traders neglect risk/trade management and psychology. + +So how do you stop neglecting these two important areas to become a more well-rounded trader? That’s where our reverse gambler’s fallacy comes in… + +&#x200B; + +**Time to Ditch the Casino Mentality** + +There is one block that seems to stop traders from progressing to working on the other two legs. + +That is, they don’t know how to flip the switch from thinking about their trades as individual trades in a vacuum… to thinking about them as a collection that relies on a statistical edge to net a profit. + +Most traders run into this problem at some point in their careers. And if you’re frustrated with your trading right now, chances are you may be struggling with this, too. + +It’s known as the casino mentality. And it’s the same mindset that amateur gamblers will take with them into Caesars Palace or the Bellagio. + +It doesn’t matter if they’re seated at the blackjack table or standing over the roulette wheel. Most gamblers believe that the hand or spin they are about to play is *the* opportunity to hit a winner. + +After all, if the roulette wheel has landed four black spins in a row, the next one surely must be red, right? + +In reality, the chances of the roulette ball landing on black or red is even, at about 47.4% each. This means each spin is independent of the last. + +This is also known as the gambler’s fallacy. What’s interesting is that I’ve observed a kind of reverse gambler’s fallacy from many traders… + +This occurs when a trader, who does in fact have a statistically proven strategy, goes on a losing streak… And then instead of continuing to trust their strategy, they abandon it altogether. + +**How to Avoid the “Reverse” Gambler’s Fallacy** + +I saw this logical fallacy in effect this past week during one of my coaching calls. + +The trader I was coaching had recently taken a technical setup that simply did not work. He was convinced he had done something wrong and wanted my help in improving his analysis. + +But his analysis was great. + +He didn’t do anything wrong in identifying the setup, which was textbook in nature. But the setup looked so good that, when it resulted in a loss, the trader was convinced that he was the problem… That he did something wrong. + +The lesson I imparted to him, which I now want to pass on to you, is this very simple truth… + +Nobody, and I mean nobody, ever takes a trade thinking it is going to be a loser. Every single trade you take will be because you thought it would make you money. + +Despite this feeling of confidence, out of 100 trades, you’d be lucky to win 50% of them. + +That’s why a great trader is not defined by what percentage of their trades end up as winners or losers. A great trader is defined by whether or not they are net profitable after taking 100 trades. + +If you win roughly as many trades as you lose, but your winners make you 2x or 3x the amount of money you give back on your losers, you will end up with a nice profit at the end of the year. + +Remember, nobody ever takes a trade thinking it is not going to work out. This is why it is absolutely crucial to abandon the idea of thinking about your trades as individual trades. + +Instead, start taking a more data-driven, statistical approach to your trading. What do I mean by that? + +Keeping a longer-term perspective on your trading is the key to longevity in this business. What your numbers look like over the next 100, 200, or 300 trades is far more relevant and important than losing your cool because you lost a handful of trades in a row. + +Of course, to be able to make it to 300 trades, you must have a rock-solid risk management plan in place. + +I don’t see gamblers at the casino take a professional approach very often. It’s rare to see someone bet small and stick to the odds on every play. It’s far more common for gamblers to be all over the place with the size of their bets. + +They may start off betting small, but after winning a couple of hands of blackjack, they get overconfident and take an outsized bet. Sure enough, on that next hand they go bust while the house just happens to hit blackjack. + +This is how casinos make money from gamblers. And it’s how the market parts amateur traders from their capital. + +No doubt, it takes a lot of hard work and discipline to make the transition from amateur to professional. But, I promise you, the rewards make it all worthwhile. Until next time. + +Regards, +2 weeks ago, I sold a Tesla call credit spread. It rocketed after hours and I was in the money. Fortunately, TOS closed the position for me and limit my loss. + + +I posted my experience here and people were advising me to always close positions even if it was only 50% profit. + + +This week, I sold fb and Amazon put credit spread. On Thursday, I heeded the advice and closed both at about 50% profit. Both stocks tanked on Friday and I would be in the money if I had not closed them early. + + +I have added this step of closing early to my “process map” so I will trade without any emotions. Thanks to everyone who advised me and helped me dodge a bullet. Deeply grateful. +So I bought this restaurant with a friend of mine about 2 years ago. The premise was that I’d be the operating partner and I took a small salary (60k) to run this and help us expand to a new location. Going into this I was very financially well positioned but the paycut and us not taking a draw in 2 years really put me in a bad financial toll. I recently got back into my primary career (software development) and took a job that pays 165k w/benefits. He’s still wanting me to be the managing partner but I can’t survive with that pay. Especially when he asked for a call for more funds from me because we are expanding and I was like dude I’m drawing 60k right now where do you think my money is coming from. I’m about to tell him to shove the salary and I’ll just take only my quarterly draws (I own 25%) and now you’ll have to actually deal with day to day operations. Just kinda a rant and curious what y’all’s opinions are. +Hi, + +I am 27 years old about to be 28 and I make 65K a year in NJ. After taxes I make $52,435.44. + +I put $1,600 a month into a brokerage account and $300 a month into a whole life policy. My total savings as of now is about 25K. It was more but the recession... Not worried. It will come back. + +I am married but we do not have kids. + +As my salary increases I try to increase the amount I put away. It is not always easy but I manage. + +Am I saving enough? Should I save more? Or should I have more fun and continue on my current track? + +I have 5K in cash. I really want a new watch but I just keep thinking about the ROI on putting it in the market at this age. + +My parents say I save a lot already. They think I should have fun and treat myself. + +What should I do? +Came upon this article about Chuck Feeney, cofounder of Duty Free Shoppers, who gave away his money to charity over the past several decades, pioneering Giving While Living, and is now broke at the age of 89: + +https://www.forbes.com/sites/stevenbertoni/2020/09/15/exclusive-the-billionaire-who-wanted-to-die-brokeis-now-officially-broke/amp/ + +I’m curious what my fellow financial independence pursuers think about his story and the plan he chose for himself. +I swear to god this place is like a daycare sometimes. You all go wild if we go green, and you get despressed and FUDdy if we go red. You STILL don't understand why the price doesn't fucking matter.... + +I made this post in the daily and it was highly upvoted, and I was asked to post it like this too. + +Here goes. + +# Guys I can't believe some of you still dont understand.This will moon when AND ONLY WHEN there is a forced buyback + +&#x200B; + +**How to achieve forced buyback?** + +1. Share recall +2. Margin call +3. Small raw buying pressure to push unhedged new options ITM so that hedging provides 'free' upward movement on TACTICAL MOMENTS ONLY. +4. Forced liquidation by DTCC +5. Hard intervention by the SEC + +&#x200B; + +Unless one of these happens, the price can go anywhere.... and it doesn't matter if it's $200 or $40 a share... + +&#x200B; + +**Red days dont mean the squeeze is off, green days dont mean the squeeze is on. The price is fucking irrelevant (unless you're buying, then big red days are something to celebrate)** + +&#x200B; + +You should stop caring. We've been saying this for months, but everytime we have a green day you guys want to celebrate and cheer because "where lambo" like a bunch of spoiled children. And on red days you freak out way too much. + +You're setting yourself up for constant disappointment which will paperhand you and ruin this for yourself. Yesterday I told you not to overcelebrate and I was told to fuck off and not ruin the fun. See where the 'harmless fun' yesterday got you? Totally (and without good reason) disappointed today. + +&#x200B; + +&#x200B; + +**Get fucking patient** + +For those 5 catalysts that I listed there are many things 'in the works'. + +The DTCC is spewing new regulations like a toddler that ate too much icecream. + +There is a shareholder vote 9th of June, GME hasn't released what we'll be voting on however. + +SEC just got a new head that is known to be anti hedgefund bullshit. + +&#x200B; + +&#x200B; + +**What IS important?** + +\- Buy if you can. This determines how much exposure you have once we moon. More shares is more tendies. + +\- HOLD. Seriously. Don't daytrade, don't sell. Just hold. Doesn't matter if we're down 50% or up 40%. Stop giving a shit. This will only moon if there are not enough shares to go around. By holding, you are taking your shares and you're saying "These are mine now. Less to go around". + +\- Stop fucking promising yourselves dates. Especially if you're smoothbrained. Don't get excited at all. Stop it. + +&#x200B; + +**Not fucking advice, go ahead and be stupid if you think that's better** + +&#x200B; + +# you dumb apes want to hear a secret? Max pain is at 150 🤷🏻‍♂️ + +Long whales are going to defend that point to bleed large option owners. You know who owns lots of options? People who needed to buy them to reset FTDs and huge short positions. That's who. + +We will hover around 150 all day and that is a good thing for us. "Red bad, green good" is such an ape-unworthy simpleminded approach to this. Grow some wrinkles for gods sake. Do you want $200 as a price today if that helps shorts by letting them make a shitload of money on options? If you're saying yes then you're seriously almost a real ape. + +**Smart apes know that to win the war you don't have to win every battle. You have to win key battles.** +Hello, I am 22 years old, a female in college graduating next May, and I want to make sure I don’t have the same problems my parents did. They struggled my entire life living paycheck to paycheck. I want to have kids in the next 10 years and i do not want that problem when I am considering having kids. I need to be financially stable or else I will not have kids, which is scary to me because being a mom is my dream, but I won’t do it if I can’t afford to. +During covid I worked essential jobs to pay off 11,000 dollars of credit card debt. (I spent a lot of money on dumb things years ago when i was severely depressed, i do not have a spending problem or anything). I have no debt now (besides school loans) and I am lucky that my dad does not make me pay rent for living in his house, which I plan to live at for a few more years as it’s just me there living alone. My monthly expenses are about 750 a month as I am very cheap lol. I make about 1800-2000 dollars a month right now. So my question is, what do I do now to set myself up in the future to not struggle/get rich? I have some stocks that are not doing well, I don’t really know how the stock market works. But i’m saving money and i’m good at it, and I have about 4,000 dollars in my savings account. Is there something else I should be doing or setting up besides just saving money in my bank account? Do I buy more stocks? Cryptocurrency? Roth IRA or whatever they’re called? How do I research or learn about how to be smart with money when I have no one I can ask or get advice from? +Looking to get LASIK, but want the best outcome, and able to go anywhere. I’m based in the States, but have heard good things about the London Vision Clinic and some other places. Although, I’ve heard the laser machine does the surgery, and that matters more, but I’m clueless how to find what the “best” machine is. It seems like every ophthalmologist says they have the best. Also happy to hear any personal stories. +I know many people, especially in my age bracket (19-22), look forward to tax season for this reason. Some even plan for large purchases once the check arrives. Why is getting your money "back" something to be excited about? Isn't giving paying too much in taxes a bad thing? + +Edit: I appreciate all the responses. Will read through them later. +E3: After speaking briefly with Robbie, he has decided to move the AMA out, though he has not said to when. I'll update this post again once I have more info on that (I'm hoping in the next couple days). He also wants me to let the community know that he did not intend on "stealing the thunder" from Loopring, but since there are many who feel this way, that is his primary reason for the delay. I'd like to repeat that we are happy to host members of the Loopring team, the GameStop team, the Immutable X team, and any other teams working with our beloved stonk for a better future (presently, IMX is the only one to get back to us). If any of you have any way to reach out to these other groups, please do so. In the meantime, I'll see what can be done from the mod end to try and get some sort of collab AMA in the near future between some or all of the parties mentioned above. Oh, and apologies for the last minute change. It do be like that sometimes, so I appreciate your understanding. And since we have more time to gather questions, I'm unlocking this thread again! 🚀🌙 + +&#x200B; + +E2: Thanks for all the questions! Post is now locked. + +&#x200B; + +So, we normally take several days or weeks to set these up, gather questions, record, transcribe, etc, but Robbie is a gogogo type. He wants to do another AMA with us today. We're talking less than 6hrs from now. That means we need questions ASAP! I know this is short notice and the window for asking questions is even shorter, but I have faith in the apes. Y'all are gonna ask some bomb-ass questions, I just know it. + +&#x200B; + +I'll leave this post unlocked until 3pm EST, at which point I will lock it and start aggregating questions for Robbie. The current plan is to live stream via our YouTube channel at, or around, 5pm EST, subject to Robbie and the mod team's availability (but we'll try super hard to keep it). As always, please be respectful. If anything changes, I'll update this post to reflect it. Thanks in advance for your understanding and participation! + +&#x200B; + +LFG!!!! 🚀🌙 + +&#x200B; + +ETA: I'm seeing several comments that are expressing negativity about this AMA. If anyone knows Byron or whomever else is on the Loopring team, please feel free to reach out to them. We'd be happy to do an AMA with them as well. I may have a Tweeter, but I don't really use it except for the occasional post, so all this back and forth about who said what and why and when and what it means is presently beyond me. All I know is Robbie asked to do an AMA today, and it's my job to try to make it happen as smoothly as possible. The same courtesy will be applied to folks from GameStop, Loopring, or any other partner that wishes to have us host them. +Honestly, I have XXX shares and could make a million at anything over 1,600 a share. I was planning on dumping earlier than most but a post on here changed my mind. It said something along the lines of “apes with less shares need the money the most”. It hits home and and it’s too true. Will be selling on the way down + +Edit: Thanks for the awards! Also sorry I can’t reply to everyone there’s way too many comments and I’m at work. +My mom is divorced and has about 29 M liquid and owns one house worth 1.4 M. She lives well within her means, but I’m worried her and I (separate accounts) wealth management company is taking advantage of her lack of financial knowledge. She recently to me that they recommended doing a reverse mortgage for 500k on the house for remodeling. With rising interest rates and the fact she could pay cash for the remodel, I’m worried that their milking her. I also came across a projected income model from them and their manage fee is 5% of post tax income. + +Relevant Info: the management company is full service for high net worth individuals and includes doing taxes. They used to manage my parents money when they are together. Now two different wealth managers manage my moms money and my dads separately. + +TLDR: I’m worried that my mothers wealth management company is taking advantage of her. +By Pavel Alpeyev + + +Masayoshi Son is finally disclosing the damage from SoftBank Group Corp.’s bets on WeWork and Uber Technologies Inc. +The Japanese investment powerhouse on Wednesday reported its first quarterly operating loss in 14 years -- about $6.5 billion --after writing down the value of a string of marquee investments. It swallowed a charge of 497.7 billion yen ($4.6 billion) for WeWork, whose spectacular implosion turned the once high-flying shared-office startup into a Silicon Valley punchline. + + +The losses call into question the billionaire founder Son’s deal-making approach just as he’s trying to raise an even larger successor to his $100 billion Vision Fund. The investment vehicle had been a driver of profit growth at SoftBank, contributing over $14 billion in mostly paper gains over the past two years. The shrinking valuation of Uber and WeWork, once among the brightest stars in the SoftBank constellation, also raises the prospects of more writedowns in the Vision Fund’s portfolio with its high exposure to businesses that prioritize growth over profitability. +“Son’s handling of WeWork raises some fundamental questions about his investment strategy that need to be addressed,” Jefferies Group senior analyst Atul Goyal said ahead of the earnings release. “There will be more failed investments in the future, how does he plan to handle them?” + + +The operating loss was 704.4 billion yen in the three months ended Sept. 30, the Tokyo-based company said in a statement. That easily surpassed the 230.8 billion yen average of analysts’ projections, and compared with a 705.7 billion yen profit a year earlier. Its signature Vision Fund -- the world’s single largest pool of startup investments -- reported a 970.3 billion yen loss in the quarter. + + +SoftBank reported 537.9 billion yen of unrealized losses in a plethora of investments from Uber to WeWork. Analysts had predicted a charge to be in excess of $5 billion and as much as $7 billion. The co-working startup was valued at $7.8 billion at the end of September -- a precipitous fall from about $47 billion in January. + + +Late last month, WeWork secured a $9.5 billion rescue package from SoftBank, a deal that handed 80% of the company to the Japanese conglomerate. That’s on top of the more than $10 billion SoftBank and its Vision Fund have already invested into the co-working giant. SoftBank has said it didn’t get a majority of voting rights, meaning its troubled investee will be treated as an associate, not a subsidiary -- potentially keeping its balance sheet free of some $22 billion of debt and $47 billion in looming lease-payment obligations. + + +The deal includes $5 billion in new financing and an acceleration of a $1.5 billion existing commitment. SoftBank will also offer to buy as much as $3 billion from existing shareholders. WeWork’s founder Adam Neumann left the company’s board as part of the package, replaced by SoftBank executive and newly appointed Executive Chairman Marcelo Claure. +Tax accountant from Perth, here. Just looking to bust a myth which sadly pops up all too much. + +Tax deductions generally involve you spending your money on 'something'. The 'something' you spend your money on could be an expense, an asset, or an investment related payment (i.e. prepaid interest). + +However - please don't fall into a common trap of spending money just to get a tax deduction. You only save tax based on the marginal tax rate proportion on the amount you spend, not the full amount you spend. + +For example, if you earn $90,000 and your marginal tax rate is 39%, this means that if you spend $100 to get a tax deduction, you then get $39 back as a tax deduction and you have spent $61 to buy the deduction. +Red Flag? My heart is telling me yes. + +I just bought my first rental property and closed this past week. My father in law (FIL), who also owns and manages properties, gave my number to a friend of his in late October when my offer was initially accepted on the home. This friend is looking for a place to live but all my father in laws properties are occupied at the moment. + +This friend calls me up and says he’s interested in renting my rental property as soon as I close on the house. I tell him the date I close then tell him I would be in touch. The day I closed on the house, he texts me and asks me for an update. I text him back saying I just closed and he’s welcome to come by and check the place out. + +He and his wife come by, and overall he’s a pretty nice guy, but has very big energy and is definitely an alpha (he’s a car salesman and has been for 20+ years). First thing he comments on is how small the place is. Second thing he says/asks is “why is it so dirty?”. I told him I literally closed 2 hours ago and planned to spend the week cleaning the house. + +Before leaving, he and his wife say they do want to rent it for themselves and their 3 kids. I say great, and tell them what I want the monthly rent to be. When I tell him the amount, he asks if I could make the rent $100 less, since he’s friends with my FIL. I told him I’d think about it. + +I go talk with my FIL and he vouches for the guy and tells me he wouldn’t hesitate to rent him a property if he had one available. + +I call the friend this past Thursday and tell him I agree to rent my property to him at the rate he requested. He says great, and we set up a time to meet to sign the lease (which is tomorrow l). I also told him I’d text him on what to bring and what I need from him. He says that’s fine. So I text him asking for the full names of everyone that will be living in the home. Told him I need the names on the lease for my records, and for liability purposes. Then I tell him to bring $X,XXX.00 for 1st months rent and security deposit. He just texts back and says “ok”. + +Fast forward to today, he never texts me the names of everyone who will be living at the house, so I text him a few hours ago asking for them again. No answer. + +I HATE being passive aggressive, but I’m thinking about texting him, “you’re still interested, right?” Or something like that. + +I get people have lives and are busy, but this guy has had ample time to respond. Also, his non-response and not following my simple request has me worried he’s just going to be a dodgy tenant. + +Being a 1st time landlord, what would experienced landlords advise or recommend? +I’ve been following this sub for some time now (absolutely love it BTW) and can’t help but notice that hardly anyone mentions taxes and their consequences on investment timeline horizons and the potential gains taxes eat away at. + +I assume most of us are investing in dividend funds in order to become more financially independent by creating various sources or revenue streams that can help us edge closer to retirement and be less reliant on a job to sustain our lifestyles. Taxes are probably the most important factor — significantly more important perhaps than even the type of ETF fund you invest in and what the dividend yield on your investments are (dividend growth versus high yielders. + +We absolutely need to be investing in accounts that are either pre-tax, if possible, like a 401(k), traditional IRA or 403(b) with a match if possible and also utilizing smart investment vehicles like Roth IRAs and 529s, if you have children. + +Even the best dividend portfolio in existence invested in a taxable account will pale in comparison to the same return over time in a Roth or 401(k). So do yourself a favor and consider the effect of taxes as one of the most important aspects of investing when making all of your investment decisions). + +The last thing you want to do is have to work an additional 10-12 years at your job because your investment tax burden compounded over time and ate away at your hard earned money in the form of unnecessary taxes you had to pay to the government. + I just finished working my first busy tax season. When I got hired my boss said at the end of tax season he gives out a 'little bonus', I figured it would be about $200 and forgot all about it. Yesterday just right after midnight my boss called me into his office and the check was on the desk. I saw the amount and my knees buckled, I immediately started to cry. I dont rememeber what exactly I said but something along the lines of 'are you serious?' I kept crying for at least 2 minutes while my 2 bosses and the other associate laughed a bit. Im 34 with 2 preteens and last year I finally completed my bachelors in Accounting after about 13 years of taking classes on/off. This was my first accounting related job and Im so happy. I cried all the way on my drive home. I just wanted to share. + +Edit: i never initiate a post and realized after posting that the headline is misleading..cant edit the title sorry! + +Thank you for the well wishes and the awards! +I'm a big student of generational poverty behaviors in my own quest to educate myself to be more sustainable, but also to share with the low-income people I work with. + +So today my sister texts me and says she needs $400 to pay her power bill. + +I look at my bank account in my usual knee jerk reaction to her crises and I just paid for my car registration and it had tanked me to just having my rent and bills in the account for the end of the month with only 1/2 a paycheck coming from my new job and I have no idea how much it will be after taxes. I also have money I can't withdraw in my savings w/o a penalty (which I should've never told ANYONE in my family about.) + +I think and think because I don't want her kids to go without power since she is so behind. So I offer to pay her bill on a credit card I basically have thrown in a box in the back of the garage for emergencies only if she promises to pay me back by the end of Sept. + +She says "oh, no..I'll just get a payday loan!" + +So I am "No, that is terrible, let me pay for it! The payday loan people will take 25% of your check at least! Just give me the info and I'll go online and pay.." + +"Its ok...I'll call you if it doesn't work out." + +So... + +**She really didn't have a bill to pay - she just wanted me to hand her a stack of cash and let her "pay" it.** + +I hope other people can sympathize. I fall prey to my family wanting money pretty easily, but an old mentor told me once, which I should've remembered, "always pay the bill, never hand over the cash." + +He said he learned this because he used to do it and he'd see his sister or cousin walking around with a new Coach purse or a new TV. And that is the epitome of generational poverty thinking - soothe the pain and lack of resources by impulse buys and entertainment, vs saving up and using windfalls to take care of things like utilities, doctors, dentists, and so forth. + +Because family thinks you owe them..and maybe in some ways we do - but I can't subsidize her knowing she's not going to use it help her kids. + +\[Update\] I love to see people talking about this and sharing our experiences. The worst think about having a trauma in our lives is the feeling we have to hide it or the people in our lives just won't understand. When I work with new groups of teens this is the most powerful activity we do - to share our collective experiences and realize we aren't alone. + +So my big "confession" here is that up until I was about 28, I used to panic and ask family members for money. I'm not saying all the time, but I certainly didn't have a credit card (because my mother told me they were evil) so I didn't have credit. I lived off my social abilities and whatever I needed, from housing to food I got from real people. + +Earlier in my 20s, I would steal or take things just "laying around" because I "needed" them and people weren't using them so it was a waste. And I took advantage of every low-income program I could (as I was taught.) It got me through college, I have considerable loans I am working on public forgiveness for, and I was able to survive. And for awhile, as low-income students do, I was on food stamps. I also dumpster dived a good deal and went to the Food Bank for food once a month. Then I cut out the middle-man and opened a food bank at my college. + +BUT when I finished my MA I impulsively moved in with my ex and we ran off to Vancouver, CA - I had a breaking point. I am not sure what did it (it might've been I found out the 5k I sent to pay back my Mom for a car repair was pocketed by my Dad. For three years she was mad I didn't pay her back!!! I'm still angry as hell at him.) + +I realized when I had been begging my parents for money since we couldn't cover the bills and suddenly I was like NO MORE. NO MORE asking for money! I AM AN ADULT! I WILL TAKE CARE OF THIS!!!!!! So since that day I've never asked my parent, a friend, or anyone for money and I've prospered to some degree. Even when I had to live on two cans of ravioli and a pack of Dollar General cookies - I kept it together, paid my bills, went to work, and pushed hard to work my way up the ladder. I still have problems - but I've been pushing myself to act like a middle-class person and be more aggressive about my self-interest and my rights. I was taught to be passive, slip behind the scenes, and fade into the background; when I really was a performer and a fighter. And all of this was possible by getting a proper medical diagnosis and being put through the trial and error process of finding the right meds to curb my worst bipolar behaviors and to be self-aware of everything. Because everything has a source and everything has a pattern of organization before it dissolves into chaos. I just have to watch and wait for it. +Is there any service that summarizes 10-K to save time and easier to understand? + +My purpose is to want to be easily understood before reading the full report. + +If you have any service that you're using (about summary or any time-saving service) please share about it. + +&#x200B; + +Thank you. +It’s not clear conceptually to me why inflation impacts stock price the way it does. I get that less buying power per dollar means that dividends are worth less so income stocks I can understand but for growth/non-dividend stocks I don’t get why it matters. I would think that stock price would scale with inflation but that’s clearly not the case. + +Can someone explain this? +With very similar yields and total returns, and given that SPY is more diversified, isn't it the better bet? I know SPY has a higher management fee, so is the assumption just that SPY doesn't have enough additional upside compared to VOO to justify the extra fees? + +Edit: Too many comments to respond to individually but this has been really helpful. Thanks all. +This thread will be automatically stickied weekdays at 8:30am, and unstickied at 9:15am. + +Megathreads are now posted automatically based on a few factors, including: + +* Mentions by comment count, weighted by comment novelty and score +* Accounts of users mentioning, weighted by age, posting history, and previous mod actions +* Stock volatility, volume, and market cap + +This isn't an exhaustive list, but to prevent this from being gamed, we cannot share the exact weightings or specifics. + +These megathreads exist to consolidate conversation about interesting topics and make things easily accessible and enjoyable for all. + +**Please do your part in making these threads decent. Don't troll. Don't spam. Don't spread divisiveness (calling others shills / bots).** +First, apologies if this is the wrong subreddit. I’m not sure where else I could ask this, so if there‘s a better sub, please point me there! + +I’ll try to keep this short. I‘m being homeschooled by my very conservative mother. She has me starting “Exploring Economics” by Ray Notgrass as my main economics course (no idea if it’s any good or how biased it is but I have no choice anyway) and wants me to read Basic Economics along with it. I asked why and she said, “Thomas Sowell is a genius.” + +I’ve read previous threads on here about Thomas Sowell and his books. I don’t think I should read Basic Economics as an intro since I know literally nothing else about the subject. However, I don’t think I have a choice—if I tried to explain to her why I shouldn’t be starting with that book, I‘m pretty sure she‘d say Sowell is telling the truth that socialist economists don’t want anyone to hear… + +Since I don’t think I’ll be able to get out of reading this, can anyone tell me what to look out for as far as outdated information or anything that‘s super biased? Which parts are unbiased and factual? + +Thanks :) +Now, I'm not the brightest spark, and, as much as I love pointlessly gambling my house deposit away on speccie miners, I'm kinda sick of seeing people who *actually* know what they're doing *actually* making money over a couple of years because they did some **research.** + +So, new year, new me: where do I start? I've got a few hours spare every week, and would like to start reading/exploring some things that will assist me with making slightly more informed choices when it comes to punting on stocks here. I don't want to become an expert, just less.....well, stupid. + +If anyone has any tips, I'm all ears. +This is an extension of [this comment from yesterday's budget thread](https://www.reddit.com/r/IndiaInvestments/comments/ex30at/single_post_of_budget_highlights/fg62g7x/). Per request from few redditors, I'm revising and creating a separate post on this topic. + +Union Budget 2020 presented the finance bill, to be passed on Monday 3rd Feb; which introduces new tax slabs. Opting for these tax slabs would mean voluntarily giving up some deductions. + +It was not clear from budget speech itself which deductions would remain, and which ones would be abolished. Later, [this memo was published on Indiabudget website](https://www.indiabudget.gov.in/doc/memo.pdf), that outlines in detail which deductions would remain and which ones would go. + +I created a quick and dirty [Node JS REPL snippet](https://repl.it/repls/AromaticZigzagPrediction), to test out how this fares for most common salaried folks. My initial calculations made a few assumptions that were later proved to be wrong per the memo, hence inputs to the program would change, and so would the output. + +However, I'm more interested in the process, so one can always tweak the inputs and arrive at a different conclusion that's more personalized. + +Before we proceed, there've been lot of such comparisons on internet as well as news TV channels. Chances are, you already know which tax slab is better for you and saves you more tax. + +[CapitalMind has a sheet that you can play with as well, and an accompanying article](https://www.capitalmind.in/2020/02/budget-2020-lower-tax-slabs-just-an-eye-wash-but-check-for-yourself/). + +[FreeFincal has some preliminary write-up, and I'm hoping Pattu would update it when more clarifications are provided](https://freefincal.com/list-of-tax-deductions-in-new-tax-regime-section-115bac/). + +Assumptions: + +- Salaried, could avail Standard Deductions of 50k +- 80C 1.5L exemption fully claimed +- 80D 5k (can be claimed up to 50k) in preventive health checkup +- HRA 1L (HRA doesn't have an upper limit, and computed as `min(0.4X, R - 0.1X)` or `min(0.5X, R - 0.1X)` where R is rent you pay, X is basic + DA you make) + +I didn't add Home loan, because tbh, I don't have a home loan myself, and don't have much idea about what people pay in principal and interest components of their home loan. This script is written in a way, you can add your own home loan deductions, and run it again. If someone can help me out with some sample numbers, I'd be happy to add it. + +Didn't add NPS, because it remains even if you opt for new tax slabs. Same with 80TTA savings account interest income. + +Now, I'd like to plot some graphs, using results from the script, for people with different backgrounds, at different income levels: + +- Case 1: + + 80C - 1.5L / 80D - 5k / HRA - 1L / Standard - 50k + + Typical salaried employees, with HRA and standard deductions, along with 80C / 80D. Plotting taxes on the basis of older slabs and new slabs; [we get this](https://imgur.com/qukFAwG). + + Notice that taxes based on newer slab always stay above taxes per older slab. In fact, after 13L or so in pre-tax income, difference between these two lines remain steady and same, and very small compared to original income. + + But what surprised me, is the behavior before 10L. Look at the gap between those two lines in that zone. + + **Proposed new slabs take aways significant amount of money in taxes, from people in 5L-10L income zone.** If the idea was to give relief to this income group and nudge consumption, it achieved the exact opposite. + + New slabs are marginally better for people with comparatively higher income, 15L+. But it's still worse than Older slab rates. + +- Case 2: + + 80C - 1.5L / 80D - 5k / HRA - 0 / Standard - 0 + + Imagine wives at home, who are home-makers and no steady gainful income. Probably their husbands have a home loan, or can avail HRA, or both. + + However, husband and major children might be using their name and PAN to open Tax Saver FD, PPF, LIC policy etc.; and done in a way, that income clubbing doesn't occur (routed through child or in-law). + + For this hypothetical person, [newer tax is significantly better](https://imgur.com/PlNvDe8). Especially above 10L in pre-tax income. + + But again, such persons might be very small in number. Either they'd find ways to claim deductions, or invest in assets (since their income would be from investments, not salary) that would give them capital gain benefits. Usually housewives like Gold or Gold based products, which has capital gains. Or they are shown as owner of some property, and can claim income from rental property - that has its own taxation rules. + + +In short, if you've deductions to claim, go for older slabs. Newer slabs are not for you. + +I know people who are too lazy to do their taxes, does HR investment proof submissions only on the last day etc. But even these people are keen on claiming HRA (they believe entire rent is tax free). And they already have standard deductions and PF. + +Turns out, newer slabs don't help them in any way. Even if they don't understand all these computations, they'd always treat this new regime as _the mode that doesn't let me claim deductions_. + +And I want to be clear regarding my views - a Govt. should allow some deductions for its tax base. Businesses are allowed to reduce taxable revenue against business expenses. Same for farmers, who get benefits for agricultural expenses. + +As a tax paying salaried citizen, I also have some necessary expenses. Commute, staying in rent, schooling children, getting myself life and health cover. It's also in best interest of economy and Govt., that I invest some money for future savings. Keeps markets liquid, and Govt. won't have to be liable for social security of an aged population. + +Tax laws can be used to generate tax revenue. Or, it can be used to encourage certain behavior, to make certain changes in economic output of the country. + +It seems that Govt. would prefer everyone invests in NPS which benefits life insurance companies, or keep money in savings account, over other forms of investments. + +Let's hope this doesn't end up becoming a [window tax](https://www.parliament.uk/about/living-heritage/transformingsociety/towncountry/towns/tyne-and-wear-case-study/about-the-group/housing/window-tax/). + +--- + + +*EDIT*: Thanks kind stranger for the silver +In through the nose, out through the mouth. Deep breaths now, you got this. You didn’t spend all those hours on the shitter reading DD to turn into a pack of jibbering conspiracy theorists at this point in the game. You owe it to yourself to get alllll your shit in a bag and fucking compose yourself. You think Ryan Cohen is looking at this sub with pride in his eyes right now? Fuck no he isn’t, and you know the worst part....He’s not even Angry, He’s just Dissapointed! + +Wash the conspiracy theories out of your ears. Take a step back. Compose yourself. +Follow the example of Greater Apes. +You’ll be alright 👊🏼 + +Edit: For everyone saying Rensole and Warden shouldn’t be mentioned in the same capacity as DFV and Burry. Seriously go fuck yourselves, I guarantee those two have spoon fed you more valuable info over the past few months and put more wrinkles on those smooth brains than DFV or Burry have directly. Easiest way to spot a shill?Look for users trying to force a wedge into a community by hyping some people up and putting others down. Hopefully the mods see that in some of the comments below 👍🏼 + +Edit 2: This post made a lot of people happy. Good apes, good shills or bad shills, I’ll never know. But I do know one thing, 💎 🙌 🚀 🌝. + +Edit 3: You guys do know this was just a thought I wrote down while sitting on the shitter at work? Calm down, also hello fellow Reddit Reader Poopers. Enjoy your #2 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + 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’m only 25, so I’ve only been renting a few years now and never experienced the glory days when the apartments in my area went for 500-600 each, but even in the few years I’ve been renting the prices have gone up so much it’s insane. The place I’ve lived for two years now just decided to - without making any improvements to the interior of any units - start charging $300 more for rent. They’re saying the $300 increase includes new admin fees and “amenities” but this place has no gym, no in-unit washer/dryer, no covered parking of any kind, no outdoor grills or lounge areas, no business space or even public printers, no dog park, no cool movie room like some apartments in the area, not even a lounge area open to residents in the office. + +They’re also forcing a $25 “valet trash” fee on us whether we want it or not, and they used to include some utilities but decided not to include any anymore. In the next two months my $800 one bedroom with one $60 electric bill is going to be an $1100 one bedroom with a $60 electric bill, a $60 water bill, and a $25 valet trash fee. And it’s still the same garbage apartment it was when I signed the lease! + +Well, I decided if I wasn’t getting a good deal here I may as well look elsewhere. If they’re shaking me down for my last dollar I might as well get a gym out of it, right? Except somehow, every reasonably-priced apartment I looked at two years ago before moving into this place has tacked on hundreds of extra dollars in fees since then. A $200 application fee, but then also a $200 admin fee before you can even move in. Oh wait, and also a $400 deposit, and $250 deposit for pets. Per pet. Oh and also you HAVE to use their internet services which are going to run you an additional $200 at move-in, and no they don’t care if you have your own equipment from a different company. $1000 for a one-bedroom? No, sorry if you want to live here you’ll be paying $1200 for a studio if you’re lucky. That’s if they actually let you in with your income, and no that application fee isn’t refundable if they decide to reject you. + +Like, Jesus Christ people! You might as well just charge me an extra $3000 just for having the audacity to gaze upon your unremarkable beige complex! I just don’t understand how anyone, especially students in the college town where I live, is making enough to live in these places. And I haven’t even touched on pet rent, fees just to move in or out, renters insurance, places that require last month’s rent before you can move in, background checks, parking fees, or even all the money you’ll have to spend on ACTUALLY moving to buy boxes or rent a truck. I can’t even figure out what the endgame is here if everyone in town is priced out of all the complexes, will they start bussing people in from DFW or what? How is this sustainable for any of these landlords and what are they going to do when no one can afford to live here anymore? + +The Indian power/electricity sector has been one of the worst performing sectors over the last decade. Most companies have given 0 to negative return over the last 10 years (Tata Power, NTPC, NHPC), a few companies are debt laden and have been classic examples of wealth destroyers (Reliance Power and Suzlon) and even the most efficient companies have given returns lower than a FD (Torrent Power). + +The underperformance of the Indian power sector can be attributed to + +Poor capital allocation and heavy debt undertaken by the companies + +The problem of counter-party risk for power generators from DISCOM (distributor companies) + +Sector overvaluation in the early 2010’s. + +Let us understand the power sector in India - + +Power as a sector in India - The Indian power sector can be broadly divided into Power Generation, Transmission and Distribution (GET&D). All other companies and sectors are ancillary to the above three subsegments. + +Power Generation - The Overall generation (Including generation from grid connected renewable sources) in the country has been increased from 850 BU during 2010-11 to 1381.855 BU during 2020-21 a CAGR growth of around 5%. India’s primary energy demand is expected to grow at a CAGR of 4.2% till 2040 faster than any major economy. + + +Of the total installed capacity in India, a majority comes from conventional thermal energy. Thermal energy contributes 61.3% of total installed capacity. Thermal energy consists of Coal (53%), Lignite (1.7%), Gas (6.5%) and Diesel (0.1%). + +The balance comes from Hydro (Renewable) - 12.2%, Nuclear 1.8 % and Renewable Energy Sources - 24.8 % (Small Hydro Project, Biomass Gasifier, Biomass Power, Urban & Industrial Waste Power, Solar and Wind Energy). + +By 2030, renewable energy is expected to contribute around 55% of India’s total power capacity from the current 37%. + +Transmission - The natural resources for electricity generation in India are unevenly dispersed and concentrated in a few pockets. Transmission, an important element in the power delivery value chain, facilitates evacuation of power from generating stations and its delivery to the load centres. For efficient dispersal of power to deficit regions, strengthening the transmission system network, enhancing the Inter-State power transmission system and augmentation the National Grid and enhancement of the transmission system network are required. + +Distribution - Distribution is the most important link in the entire power sector value chain. As the only interface between utilities and consumers, it is the cash register for the entire sector. + +Large Indian companies in Power and ancillary sectors - + +Adani Green Energy Limited - 1,59,436 crores - Largest green energy player in India (after acquisition of SB Energy) + +Power Grid Corporation of India - 1,20,457 crores - Largest transmission player in India - 45% market share in transmission + +NTPC Limited - 1,14,227 crores - Largest Power generator in India - 22.4% market share. + +Adani Transmission - 1,10,036 crores- One of the largest private sector transmission players in India - + +Adani Power - 42,253 crores - Electricity generation and distribution - 3.8% market share + +Tata Power - 39,766 crores - Electricity generation and distribution - 4.1% market share + +JSW Energy - 27,574 crores - Electricity generation and distribution - + +NHPC - 26,218 crores - Hydro-electric power generation - 15% market share in hydro-electric power generation + +Torrent Power - 22,839 crores - Electricity generation and distribution - 1.6% + +Indian Energy Exchange Limited - 11,889 crores - Indian energy exchange is the largest energy exchange which provides an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity. + +SJVN - 11,102 crores - Electricity generation and distribution - 0.7% + +CESC - 10,527 crores - Electricity generation and distribution - 4.1% + +Renewable/ Green Energy Sector - + +Global Tailwinds for Green Energy - + +The new Biden administration in US officially rejoining the Paris Climate Accord, renewing its commitment to achieve zero net emissions by 2050. This represents a boost for the renewable energy sector given that US is the second largest emitter of greenhouse gases. + +Domestic Tailwinds for Green Energy - + +Hydro-power - Hydropower has been the dominant source of renewable electricity in India for a long time. In the late 1970s hydropower alone accounted for around 40% of total electricity generation, hydro-power market share has fallen rapidly due to larger capital requirements, delays in construction of dams due to environmental and political concerns and increased availability of coal which is cheaper. The future prospects for hydro-power are very limited. + +Solar and wind energy - Solar and Wind energy are the flag bearers of the entire renewable space and is expected to lead the entire Green Energy space. While he prices of fossil fuels have increased over the years, solar energy costs have been declining, having achieved grid parity a few years ago, accelerating the traction for this clean energy source. India’s solar energy potential is more than 21x its existing capacity, India’s wind energy potential is more than 9x its existing capacity signalling a multi-decadal opportunity in the renewable space. + + +Bioenergy - The principal source is co-generation units using bagasse residues from India’s large sugar industry. Using biomass for power generation is a more sustainable use of bioenergy resources than the traditional use in households. + +Market Size - As of 31st March, 2021, India’s installed renewable energy capacity was 94 GW; solar and wind energy capacity comprised 40 GW and 39 GW respectively. Biomass and small hydro power constituted ~10 GW and 4.78 GW respectively. India’s installed renewable power capacity increased at a CAGR of 17.33% between FY14 and FY20. and is expect to grow at a similar CAGR from 2021-2030 as the Indian Government aims to add 360 GW by 2030. + + +Investments in the Indian Energy/Renewable energy - + +From 2000-2020, India’s renewable energy industry saw FDI inflows worth US$ 9.68 billion. + +Below are the key recent deals in Indian energy and renewable energy space - + + +Market size, Structure and Key players - Of the top 10 renewable players in India, 2 are listed in India and 2 are listed in the US. + +Adani Green's takeover of SB Energy consolidates it's position as the largest green Energy player in the country and amongst the top 5 players in the world. Among the other listed players, Tata Power is another large player in the renewable energy space. + +Renew Power is the second largest player and got listed via SPAC on NASDAQ. Azure Power is another Indian player listed in the US. Below is the list of large global and Indian players in renewables space along with their net capacities. + + +Adani Green and SB Energy is now complete, making Adani Green the largest Indian and 5th largest global player . +Valuations and conclusion - The valuation gap between energy stocks in India and US is enormous. While most energy stocks (ex-Adani) in India trade at very modest valuations despite having decent renewable and non-renewable assets, valuations of Azure Power and Renew Power are at a premium valuation. + +Renew Power trades at 13.6 EV/EBITDA when compared to other Indian Listed companies, the global average is at 14.9 EV/EBITDA as shown below. + + +Global companies are trading at a median valuation of 14.9 times EV/EBITDA whereas Indian companies listed in USA are trading at a valuation closer to times EV/EBITDA. + +Indian companies (ex-Adani) trade anywhere from 6.7x to 10.3 EV/EBITDA, a discount of 50-100% to their renewable energy peers. + +Indian Listed players have also started building up renewable capacities and trade at modest valuations. + +Tata Power trades at 10.3 EV/EBITDA + +NTPC trades at 7.57 EV/EBITDA + +Torrent Power trades at 8.14 EV/EBITDA + +While the argument that pure-play renewable Indian companies should trade at a premium against conventional power companies is valid however most pure play renewable Indian companies have taken large debt to fund the expansion space. + +Azure and Renew Power have 4x Debt to Equity which leaves little margin of error and the companies will have little to no free cash flow at least for the nearer future. + +In India, most power companies are more conservative in nature, have been swiftly adding newer capacities in the renewables space and many have an earnings yield greater than the government yield of 6 percent. + +Debt Equity ratio - Tata Power - 2.24, Torrent Power - 0.66 and NTPC 1.57. + +Earnings Yield - Tata Power - 6.30%, Torrent Power - 7.93% NTPC - 9.16% + +Conclusion - The majority of points which resulted in underperformance of power sector has been resolved. + +Indian power companies have become better capital allocators and have become more conservative in taking debt. + +Government has made efforts to improve DISCOM which has reduced counter party risk including liquidity infusion of 15 billion USD in 2020. + +The sector is at historical low valuations + +India’s power demand growth till 2040 is going to be highest of any large economy coupled with the rapid growth of green energy, low valuations and predictable growth in revenue and profitability makes it a prime candidate for rerating in the long run. + +Disclosure - Currently monitoring some stocks in the theme, not invested in any of the power companies. +[This chart](https://imgur.com/a/kBaYXmL) shows the global use of energy since the year 1800. + +As you can see, we still use the same amount of traditional biomass for energy as we did in the year 1800, and we use significantly more coal today than we did at any other point in history. Even though we know coal is significantly dirtier than oil & gas, the massive increases in consumption of energy have made it incredibly difficult to abandon one source of energy, even if we are transitioning to the next source of energy. + +Just some food for thought. +Hi, + +In a bad situation at the moment, I’m 30M and my wife 32F has just said she wants to get divorced. Not a great time emotionally but I’m trying to be rational and am coming here for advice on people who have been through the same and how it affected their finances through the divorce. + +I’m currently the higher earner (>100k/year) and my wife is a lower earner (<20k/year). + +We don’t have any joint assets, she has around £50k from inheritance in her bank which I don’t want to touch, she should keep that. + +We currently rent and I’m paying the vast majority of it. We have 5 months left on our lease. Im going to be moving out and am happy to pay for the remaining 5 months. + +It feels so weird and sad to say, but I doubt I’ll ever see her again after the next couple of weeks while we sort things out. + +Is the divorce going to be that easy? She keeps her £50k, we leave everything else as is? + +I don’t want to be a dick, I’m happy to pay for the rent etc for the remainder but I wouldn’t want to have to be paying a monthly amount to her afterwards (we have no kids). + +Obviously never been through anything like this before so please let me know if any more information is needed to answer + +Editing to add: I don’t currently have any savings, recently spent during a move. I don’t want to take any of hers + +Editing again to add: she’s not the devil, if she no longer wants to be with me that’s fine, better to know earlier than later (although this is kind of later!). My main reason for making the post was to ask if I will have to pay a monthly payment for ever which I wouldn’t be happy with. I don’t hate her, I don’t want to see her struggling so I’m happy to cover costs in the interim so she can get her self sorted out. I will be speaking to a lawyer after advice here to make sure I’m not shooting myself in the foot by doing this. +I think it might be apparent from my posts now that I'm not wrinkle-brained in financials, chart reading and other ~~boring~~ important stuff but I like finding patterns. I've been working as a psychologist and a marketer for a long time, so believe me when I tell you there's a lot to be uncovered by understanding behavior patterns or just patterns of things that look unrelated, but really aren't. + +Some people call it far-reaching, tinfoil, confirmation bias, whatever - but check my post history and you'll see I've been more right than wrong. + +As one of the veteran apes wrote in a comment in here once: "One weird thing happening is a coincidence, two is enemy action". + +So with that in mind, let's check out why I think this is a pattern (not a coincidence) which is pointing into Gamestop merging with SLGG after all. Yes, even after we forgot about it because we thought it was a nothingburger. + +Once again - this is a "tinfoil" theorycrafting. Don't go into comments telling me that, I KNOW. Get in here to get your tits jacked and drink up on confirmation bias. Alright, retards? + +**1. Gamestop changing its logo** + +Today, apes started reporting Gamestop changing its logo from "Gamestop" to just "GS" on WeBull. We also saw a changed logo on their astronaut tweet. + +https://preview.redd.it/rt1hpjcyo5071.png?width=591&format=png&auto=webp&s=b62b363068dbe4a36e486f62cfa77e83dffec0b1 + +There's no reason to do it unless you're planning on changing that logo - if they wanted it shorter, they could've gone for "GME" which is standard and everybody knows it. + +**Conclusion:** It looks like Gamestop is signaling a logo change. When do you usually change a company's logo? When the company goes through a transformation, **maybe a merger.** + +**2. The astronaut is drinking Carlsberg beer which underwent a notable merger recently** + +We thought that the Carlsberg beer was a nod to our AMA with Carl Hagberg, but was it really? + +Just google "Carlsberg" and "merge" - [one of the biggest merges in the last year](https://www.bighospitality.co.uk/Article/2020/10/30/Carlsberg-and-Marston-s-merger-completes) with Marston's taking a smaller position of 40% despite their much more superior valuation with difference in 380 million of british pounds. + +&#x200B; + +**3. A merger would put GME shares on the moon, it's a fucking launch button** + +If you don't know, I'll tell you something juicy. If, theoretically, Gamestop were to merge with another entity (RC Ventures, SLGG) and decided on changing their name even slightly, they would get a new stock market ticker. + +That would initiate a mother of all share recalls since ALL the issued shares would have to be taken in for ~~questioning about Kenny's mayo habits~~ a reissuance - which means all the lent shares would be requested back and **the naked ones would have to be bought at market price**. **That would initiate the MOASS.** + +**4. Gamestop has a brand new official esports Twitter page** + +If you create an esports Twitter page, you probably want to start dabbling in esports, right? But damn, it's fucking hard for a transforming company to just start an esports division on their own from scratch, where would they even begin? They didn't even hire key managers for this, so how are they gonna navigate through these salty waters? + +Well, the industry standard for companies who want to enter a new market and have cash is to simply BUY A COMPANY THAT SPECIALIZES IN THAT MARKET. + +Boy, would it be fortunate if such a company was aro....oh fuck me Ryan, where exactly were you a few weeks ago? + +**5. RC was near SLGG HQ and he tweeted about it** + +[Why would you pinpoint where you are Ryan?](https://preview.redd.it/o9lwxqvcp5071.png?width=1507&format=png&auto=webp&s=f08bd9a69f46f5094c7a85985d2c316db526603a) + +&#x200B; + +[Oh that's why!](https://preview.redd.it/puf08k8fp5071.png?width=967&format=png&auto=webp&s=77f5e8eac8974c2b6d58f82e5dfd08a480b4e737) + +**6. RC tweeted an ice-cream and a frog pointing at Ann Hand, CEO of SLGG** + +[I was there, 3000 years ago...](https://preview.redd.it/yvw3kl3ip5071.png?width=603&format=png&auto=webp&s=bd5b09f8fcc79eca28bbe14cbe22cc5938bd9a36) + +Yeah, the famous ice-cream and a frog tweet. I don't think any of the theories as of to its significance paid off so let me offer one of the less popular ones. + +Check out where did Ann Hand, the CEO of SLGG work before. + +[Coincidences, huh?](https://preview.redd.it/7swu9s1pp5071.png?width=796&format=png&auto=webp&s=3d421bcdf96bf5f2ca0faeb564c0f6ba0ad82088) + +&#x200B; + +**7. He tweeted "love" recently and a heart / love today** (probably completely wrong, check EDIT) + +Why repeat the same sentiment Ryan? What's so important about love? Are you just sending positive vibes our way? You never did this before, why would you start now, without reason? + +My personal opinion on this is that the grandma tweet didn't work the way he wanted to - maybe it was a funny coincidence it worked so well with lyrics saying hold me hold me squeeze me or maybe he didn't realize. After all, he never tried decrypting his tweets in song lyrics so I don't think it was intentional. + +Did you guys realize how fast this tweet came? It's almost like "yeah, but I wanted to tell you something else". + +By going with that theory - what does "love" usually mean? Love, sex, all that stuff - i**sn't it a merger between 2 people usually?** Hmmm? HMMMMMMM? + +I know many people will say "tinfoil", "far-reaching", "reaching", "speculating", blahblah, miss me with that noise. No shit this is a speculation, there's nothing else to do with it. + +But that's how investigation works. You create a hypothesis, a theory and later you'll see if you were right or not. For me personally, these things are adding up too nicely for them to be "just coincidences" or "glitches" or shit. + +No, this is a pattern. + +Could I be wrong? Most likely. But it's the best we got imo. Have fun jacking them tits to this motherload of confirmation bias! 🚀🚀🚀🚀🚀🚀 + +*- Jacques Le Titz* + +**EDIT:** It came into my attention that the heart ❤️ tweet would be much simpler to explain with “hedgies are on their last life”. I’m a big fan of Occam’s Razor, so I’m going to go with it - the grandma tweet has therefore been decrypted nicely and “love” isn’t the concept he’s going for! + +I also like the theory it's a < and 3, which means "less than 3" weeks to the meeting. Theorycrafting is fun! + +**EDIT 2:** Ugh, because I probably should’ve seen it coming - no people, I’m not encouraging anyone to buy SLGG. The only position I have is GME, because that’s the only play. + +But if you want to I mean, sure, I’m pumping it and then dumping with a fucking tinfoil hat theory, Jesus. I have the dump button right before me and it’s big and red (that’s what she said). SMH + +**EDIT 3 because of course:** Guys, please, be careful about buying SLGG. People are already going apeshit (haha) on me that this is a pump and dump post since **Citadel is long on SLGG**. + +That fact alone doesn't mean anything since Shitadel is long on thousands of stocks and they could expect GME to do exactly what I've been saying and maybe they want to block them by voting against or they wanna ride the wave, I don't know. Nobody knows. Just...fuck other stocks except GME okay? + +It's also up by 15% or so AH so yay for the power of Superstonk I guess? + +**EDIT 4:** No I don't have a damn clue what's going on with the All Seeing Awards. Maybe DFV's mouse button got stuck and he needs help with the mouse since he's not a cat? + +**EDIT 5:** For those who STILL don't believe this is an organic post, here are the screenshots ( [https://i.imgur.com/naiRTJP.png](https://i.imgur.com/naiRTJP.png) and [https://i.imgur.com/f3CEioL.png](https://i.imgur.com/f3CEioL.png) ) of how the idea originated in our private Discord and that should be the end of it or I swear to Wendy's tendies I will turn into a vibrator from so much shaking of my head. +Hey there! + +Been transacting all through my primary bank account. Lately have came across multiple occasions where peeps have asked me for bank statement (to determine in-flow of cash). However, this reveals every out-flow and affects my privacy (which I am not comfortable with). + +&#x200B; + +I am thinking of following setup to manage my cash flow better and need inputs/opinions/suggestions from the community. + +[Imgur link because images are not directly permitted by the sub](https://imgur.com/a/34SqZlm) + +&#x200B; + +**Goal here is to reduce the safety/security risk and improve privacy for primary bank and move it to secondary bank.** + +Here is my reasoning for the above setup: + +1. Keeps my in-flow clean, easy to track, and share for legal/official/accounting purposes +2. Out flow of cash remains private because only primary bank statement will be shared (if needed) +3. For all, UPI/Digital transactions, the secondary bank can be used with limited funds, as majority of cash remains in primary bank +4. In case of data breach for any service (like Dominos), only secondary bank is compromised at worse which does not hold a high amount +5. And with that, linking of secondary bank to any online service for recurring payments, Amazon transactions, etc. will be safer +6. All ATM/Cash transactions go through secondary bank to prevent ATM skimming or cash loss +7. Limited amount can be periodically moved from Primary to Secondary to keep it sufficiently updated +8. Any other reasoning you want to add? + +Would love community's feedback on this approach. + +# Edit 1: Thank you all for wonderful responses. We can close this thread now. Peace be upon us. + +# Edit 2: There many such minor things that really impact financial literacy and things like these really help to reduce online scams. I request mods to encourage such post or add them to wiki for benefit of all. +For more details as to why this is noteworthy, I go into more detail about the circumstances behind my story in another post here: [https://www.reddit.com/r/povertyfinance/comments/kz0wnl/just\_hit\_3000\_in\_savings\_for\_the\_first\_time\_in/](https://www.reddit.com/r/povertyfinance/comments/kz0wnl/just_hit_3000_in_savings_for_the_first_time_in/) + +Not interested in writing a lengthy post this time, I just felt like sharing that point. I just paid up on rent and have $5,076.46 in my accounts total with another paycheck coming through the weekend. My car is in the mechanic shop currently and will take a big chunk of my next check, but even after the final bill is done I should be able to maintain this $5k (or at worst, just under but very close to it until next week). My goals are twofold: first, to break my personal savings record of $6,200 from last year before the pandemic drained my savings, and second, to reach at least $10,000 in savings total. Based on my current trajectory I should be able to do both within the course of this year as long as I don't lose my job. + +Considering I have no financial education or background, grew up in lower middle class only at the best of times when my family actually had money (most of the time we were poor and living paycheck to paycheck) and was actively taught very poor money handling by my parents who never learned how to manage it properly at all, I think I'm doing reasonably well. I'm not where I want to be yet, but that's okay because I'm doing better than I was before. It's the little things worth being thankful for. +EDIT 4: +I'm re-arranging and cleaning up the post to show info in a clean format, so as to answer many of the questions than has been asked, because I can't answer questions timely any more, because this post blew up. But I want everybody to understand and use this opportunity. + +**What is a credit freeze?** + +A credit freeze is when you put a hold on your credit record, so that nobody can get access to it without your permission. It protects you against identity theft. Even if a hacker knows all your info, including your SSN, he won't be able to use your account to get a new credit card, because you will have to unfreeze your info before they can be released. Now by law, the credit reporting agencies have to respect your wishes, as to who has access to your personal credit record. Once you freeze your record, it can only be accessed after if you unfreeze/thaw it. + +Other replies: + +https://www.reddit.com/r/personalfinance/comments/9hlps3/credit_freezes_are_now_free_starting_today/e6dk0sx/ + +**Why is this news important now?** + +Many experts agree that freezing your credit report is the strongest way to protect against identity theft. Starting Friday, you'll be able to do it free of charge. In the wake of a massive data breach last year at Equifax that exposed personal information for about 148 million Americans, Congress amended the Fair Credit Reporting Act to require reporting agencies to freeze reports for no charge. Equifax is one of the three major credit reporting agencies in the United States. [The bill was passed in May](https://money.cnn.com/2018/05/22/pf/free-credit-freeze/index.html). [It is effective as of today.](https://www.cnn.com/2018/09/20/us/free-credit-freezes/index.html) + +**How can I do it?** + +To set up your own credit freezes, go to the freeze page at each credit agency's website individually: + +[Experian](https://www.experian.com/freeze/center.html) + +[Equifax](https://www.freeze.equifax.com/Freeze/jsp/SFF_PersonalIDInfo.jsp) + +[TransUnion](https://freeze.transunion.com/sf/securityFreeze/landingPage.jsp). + +[ChexSystems](https://www.chexsystems.com/web/chexsystems/consumerdebit/page/securityfreeze/placefreeze/) + +[Innovis] (https://www.innovis.com/personal/securityFreeze) + +[NCTUE] (https://exchangeservicecenter.com/Freeze/jsp/SFF_PersonalIDInfo.jsp) + +You will be given a PIN that you'll need to lift or remove the freeze in the future. + +**Do I have to do this with all credit agencies? I only have one credit card** + +Yes you do. Your credit card reports to multiple credit reporting companies. + +**Does this mean that I can freeze my credit score at 810? Does freezing affect my score?** + +No. A credit freeze only freezes who can *see* your credit record. Your credit score will still be based on how you pay off your lenders. Freezing does not affect your score. + + +**Is credit unfreeze/thaw also free?** + +[Yes.](https://www.reddit.com/r/personalfinance/comments/9hlps3/credit_freezes_are_now_free_starting_today/e6d4v8e/) + +**How long does the “thaw” process takes before credit is available to be pulled?** + +If you do the thaw request online, the law requires it to be done within 3 hrs. 24 hrs, if you do it by mail. + +**What if I lose my PIN? How do I recover it** + +From several posts I saw, there are methods to recover your pin/ and access your account that involves snail mail. You get letters in regular mail, which I assume is for confirming your physical address. + +**How accurate is this info?** + +To the best of my knowledge. I will update as I find better info. + +**Where can I find more info?** + +https://krebsonsecurity.com/2018/09/credit-freezes-are-free-let-the-ice-age-begin/ + +http://clark.com/personal-finance-credit/credit-freeze-and-thaw-guide/ + +https://youtu.be/vsMydMDi3rI + + +**Original Post** + +EDITS: + +Thanks to /u/tjtwmfl , /u/graphitezor , /u/shawn_sarmin , /u/Indushydi , /u/pingpong , /u/Volim_Da_Mislish /u/DangitImtired /u/bobsmithhome /u/honorious for their contributions. + + +Thanks for the gold!!! + +Found out from the mother in law who works at a major retail store, that as soon as Job Keeper ends in late September her hours are being halved from 20 hours per week to 10 hours, this is also happening to the other normal store workers. + +If this is common place in other companies which I suspect it will be, from October unemployment or more importantly underemployment will become a serious issue over the next year or two. +# The Problem: + +There is no one who has launched a token that has not been scammed at least once or twice or even more. There are no investors in coins who have not seen projects fail for choosing the wrong marketers or people promising way more than they actually deliver. + +Each project’s Telegram, Twitter, or Discord group is flooded daily with such proposals from fake “influencers”. + +One in a thousand may be good, but most are a waste of time for the project developers. + +# The Solution: + +Coin Fuel only allows Influencers with authentic audiences to join their network. + +Coin Fuel is the premier influencer marketing network, geared specifically for blockchain and Web3 brands. Vetted Influencers can monetize their audience with Twitter, TikTok, YouTube, Telegram, Discord, Instagram, and more. Crypto brands and projects can leverage relevant, authenticated audiences with predictable and measurable results. + +Marketers using $CFUEL on the Coin Fuel platform will unlock bonus features like expanded reporting tools, discounts to certain services, and access to expertise from our most proven team members to help with delivering and managing projects and campaigns. + +This is a LONG TERM GEM and if you are reading this, then you are EARLY + +**Join their Telegram for more:** + +[https://t.me/CoinFuelOfficial](https://t.me/CoinFuelOfficial) + +**Website**: + +[https://coinfuel.co](https://coinfuel.co/) +On that podcast yesterday, when I said I was at 100% cash, that was roughly speaking. I haven’t sold a share of GME. And I won’t. Don’t let the shills try to scare you. They want me away from GME. IM NOT GOING ANYWHERE! 🚀 +This is a warning to ALL users: Poloniex is **NOT** to be trusted. + +They are NOT honoring withdrawals and support is non-responsive. Withdrawals on the ETH chain are generating bad transaction hashes while your ETH are stuck in limbo. + +Support is entirely non-responsive. DO NOT USE POLONIEX. You will deposit your money and you can trade all day long, but you will NOT get it back. + + +**EDIT**: It seems based on comments here that some peoples' withdrawals go through while others' don't. This may be based on verification tier for the user, or it could be arbitrary. Either way, I will no longer be depositing funds to an exchange where my ability to withdraw them is up to a coin flip. I advise ***EVERYONE*** to double, and triple think it over before using Poloniex again. + + +**Link:** https://coinventory.net/ + +**Preview:** + +* https://i.imgur.com/yKsGwOY.gifv +* https://i.imgur.com/Wp0sZ7Y.gifv +* Importing investments: https://i.imgur.com/dmrypf7.gifv + + +Let me know what you think :) also let me know ideas for new features! +He advocated for fiscal policy instead of monetarism. As far as i know, the government is largely pursing monetary policy in response to the recession with the $2 trillion stimulus bill. What would Keynes have recommended as a solution? +I’ve seen confusion and concern about comments at the shareholder meeting around the Board having not made any final decisions on the stock split and that they will analyze market conditions to determine when, and if, a stock split is really in the best interest of the shareholders. + +I wanted to weigh in from my perspective as a securities lawyer who has advised public companies on communication to the public. This is not legal advice or financial advice. + +First off, if the Board had made a decision approving a stock split by way of dividend, then that requires an immediate press release. + +Secondly, based on what I’ve seen from the SEC and my own common sense, if I were advising GME, I would be very careful to run absolutely everything by the book. Anything that’s done off-side could be used against them particularly if it directly or indirectly can be seen to cause a market affecting event (MOASS). Not only that, but you can rest assured that any issues the SEC has or alleges with GameStop would be blasted across the media. + +So, at the meeting, could they have said “the Board intends to approve a stock split/stock dividend after the meeting”? + +Would that impact an investor’s decision as to whether to buy or sell shares? Given the run up when the share increase amendment and related potential stock split was announced, the answer is yes. + +So can a public company disclose material information to a portion of their shareholders in a private setting without disclosing that information to the public by way of a press release or similar public filing? No. + +So how do you deal with this then? + +You do exactly what the GC at the meeting did. + +You say that the Board will make decisions in the best interests of the shareholders (as is their duty) and confirm that the stock split has not yet been approved (which is accurate). + +It does not mean the stock split won’t be approved. It does not invalidate prior public disclosure about the board’s intent to approve the stock split after a favorable vote to increase the issuable number of shares. It does provide defensible disclosure in a private setting about a material matter. It does ensure that if the stock runs (as it has had 10% swings practically daily for the past few weeks), it won’t be as a result of an off handed comment about a stock split that is offside securities laws disclosure requirements for public companies. It does temper expectations that the stock split will be announced tomorrow (which it could be, but the Board needs to be strategic with such a big move). + +TL;DR: The response was appropriate and does not mean the Board has changed their intent around approving the stock split by way of share dividend. +It’s Summer, 2016, and the DAO goes live. A small part of Ethereum’s tantalizing potential has come to life before the world’s eyes, ushering in a new era of digital innovation. + +The Champagne barely has time to flow before an iceberg appears out of nowhere. The DAO crashes, and for a brief moment it’s pure hell. + +An unsettling quiet descends on the aftermath. *What do we do now?* + +In a subsequent feat of cooperation both rare for crypto and validating for Eth in particular, the foundation seamlessly executes the hardfork and makes the community whole. + +While technically a success, the contention spawns ETC, an Eth-Alt that threatens the legitimacy of the forked chain. + +While wading through this fresh quagmire, the network gets hit with a denial attack. And then another. On top of another. + +You watch in horror as hard drives literally go up in smoke trying to sync the network. + +Now, Eth is in full retreat. The technical team beats back the attacks, while the community stretches to the limit defending against ETC shills. + +It looks really, really bad. + +--And then it gets worse. + +ZCash goes live, offering a new chain with intriguing new tech. Many in the community transition to ZEC, electrified by the possibilities but, more importantly, seeking safe distance from Eth’s radioactivity. + +Network hash drops nearly by half overnight, and markets stagnate. A 100% loss is now a legitimate possibility. + +November doldrums lead into December despair. Eth hits a low it may never recover from… + +--- + +Someone explain how the current pool of news, taken at aggregate, is anywhere near as bad as any one of the several existential threats outlined above. + +To put things in perspective, network diff was around 60 T during the late 2016 lows. Look at it now. Look how far Ethereum has traveled. Look at how much strength it has now relative to then, and explain how any recent turn of events can “kill crypto” or send Eth back to where it was a year ago. + +Ethereum rose from those ashes because it is the genuine article, the real thing. It was bolstered throughout 2017 on real, genuine news: A large, talented, energized and ever-growing developer pool. Active pilots by Fortune 100 companies. + +Now add to that the slew of positive news in 2018. Even the SEC and G20 have taken measured and encouraging tones. This fear of regulation is way overblown. + +Governments understand network effects all too well. To successfully squeeze or even quash crypto, they’d have to act as soon as possible. If they see crypto as malignant in any serious way, they would have already set that tone, and their testimony if anything is the opposite. + +This is a downturn like others, catalyzed primarily by an overheated market, post-holiday fatigue, political undulations and taxes. 2017 is almost certainly the biggest year yet for crypto taxes; don’t discount the effect it’s having on this market. + +tl;dr – Ethereum has seen much worse. There are no existential threats currently live, on the table, or on the horizon. Short-term factors drag the market down in the short-term. They will evaporate soon enough. +I am 48 year old Engineer from Bayarea. Migrated to USA in 1998. My skills are highly sought after and makes good salary. + +Lost ton of money in dot com crash and developed phobia to stock investment. Invested in rental properties. With booming Bayarea market, I am on track to comfortable FIRE. Primary home is paid off. Have enough in savings to cover both kids college. Except for 401k I dont have any stocks/bonds. +401k is invested in agressive growth funds. +Net assets around 3 million in properties, rental income of 5000, salary for me and spouse around 400k per year. + +I dont have any financial advisor. We came from modest family in India, and live a rather frugal life. + +Recently, my company became public, and suddenly I have close to 6 million in stocks(2 million vested). A past organization from 3 years back is also in process of going ipo, with similar potential. I expect to have vested stocks worth between 6 to 8 million by Jan, and if the markets hold steady, close to 12million by 2021 end. I would love to diversify and maximize the returns. + +I tried to find a financial advisor from banks like Chase and Bofa. These guys are all recommending life-insurance policies or pointing me to packaged high-fee funds. From their discussion, I felt most of them are really low level employees with almost no understanding about financial instruments and more like commissioned agents similar to carsales men. + +How can I find a financial advisor who can give me good personalized advise? I am happy pay for quality advise. Is my networth too low that these guys are not interested in people like me? +With the Taliban taking over, Afghanistan's economy seems , to me at least, to be on the verge of collapse. There is a large scale emigration of mostly skilled workers, women are being forced out of the workforce and most of the Taliban lack a clear economic policy. How sustainable with Afghanistan's economy be? +I have a general understanding of Pigouvian Taxes. They are taxes used to influence behaviour, such as carbon taxes influencing someone's burning of fossil fuels. + +I can think of a few arguments against Pigovian Taxes, but they don't seem economic and are more ideological. For example, generally being against government intervention in markets or affecting people's freedom of choice. + +What other arguments are there against Pigouvian Taxes? (assuming I understood the concept correctly). + +Edit: I realized I misspelled the term in the title. +Welcome to the Daily General 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 meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + +I'm in the camp that doesn't see this as a bubble akin to what we saw in the housing crisis, but I do see another problem created by these higher tuition prices. Since financial institutions can transfer bad student loans to the federal government without taking a loss, I can't see rising student loan defaults causing a financial crisis like we saw in 2008. This situation seems like it would compound the sovereign debt crisis, but I don't think it will wreck the financial industry like the real estate bubble. + +However, this situation does appear to cause other problems. As of now, people can't lessen their student loan debt through bankruptcy. Even after the bad loans are transferred to the federal government, those students are still on the hook for paying the government back over their lifetime. So what we seem to have here is a generation of students having to pay much more for tuition with bleak job prospects after graduation. In essence, these people will be paying back the government for many years and will have less money left over to buy other goods and services, or to save/invest for retirement. This situation seems destined to result in an economic standstill relative to the present amount of economic activity if nothing is done. + +How can a country survive if its educated class is constantly paying down massive student loan debt? +Howdy folks, + +Let's sit and have a little chat. My apologies if this comes across as FUD, but I think its a conversation worth having.Almost a decade ago, we had Stateside what people are now calling The Great Recession. Stocks were up, people were buying housing with money they didn't have and money with housing they didn't have. The bubble got big and big and big and POPPED. Hard. + +We all know it was from this economic recession that Bitcoin, the first crypto, came around and the rest is history. But as they say, those who don't learn from history are doomed to repeat it... + +Purchases for new homes are waaaaay up. The Stockmarket has NEVER been better! Its all smile and sunshines and and profts and we're sitting on our little Ethereum piles watching them grow. Hell, even Bitcoin is reaching new heights! 9k for digital gold folks! + +So why does it feel like this game of musical chairs is coming to an end very very very soon? Several times in this month alone, I heard mutters in the office about this bubble, referring to the economy as a whole, popping sometimes this year or next and to get the sales in while the money was hot with the clients. + +But this made me step back. Because its not a matter of if, but when. If economic theory is right, and these boom-bust cycles are about a decade long, then we're approaching the end of a growth cycle. And since we don't have any real life data to fall back on regarding cryptocurrency (and the fact that crypto exists almost as a form of protest to conventional standards that led to the last recession)... + +What happens to us? Basically, let's have a discussion. If things hit the fan, will people flock to crypto the same way they flock to gold in times of crisis? Will we get bled dry as people cash in to try and get their currency? What would YOU do? No mooning, no memeing, no over confidence... if you woke up with the market crashing tomorrow, what would you realistically do with your Ethereum? + +Cheers +Original post: [https://www.reddit.com/r/fatFIRE/comments/ucvfkw/the\_quitting\_dilemma/](https://www.reddit.com/r/fatFIRE/comments/ucvfkw/the_quitting_dilemma/) + +Thanks everyone for the comments and perspective. + +I decided I was having more bad days than good and I gave notice. My VP was thorough in collecting my feedback as to why, and asked what it would take to retain me. I said I'd like to scale my work back and have a part time job, he suggested I take a vacation and they'd see what they can do when I came back. + +Upon coming back my VP also quit, but he got the ball rolling for the creation of a part time role for me. Unfortunately our stock also crashed so my income dropped from around $1MM to more like $660k, so once again I started the discussion about just leaving. + +I just now got a stock top-up so income is back to $880k. HR is bureaucratic and struggling to figure out how to create a part time role, so my new manager has suggested I just take every thursday and friday as a vacation day until they figure it out. It's annoying how long they're taking to get it together, but I'm getting paid at 100% rate while working 60% hours so I guess I should just enjoy it for now. + +My new role has way less stress and responsibilities but I still feel burnt out on the company and honestly my heart just wants to walk away. But working 3 days a week and making this money seems ridiculously generous so I'm going to do my best and give it a try for at least a while. + +Meanwhile due to stock market volatility my NW has dropped from around $5.7MM to more like $4.9MM (I guess I am slightly on the low end of this subreddit). + +Edit: to be clear I don’t expect 100% pay for 60% time to last at all, I’m expecting HR to either get it together and prorate me or tell me in 1-2 months that they can’t do it. +My metamask wallet number is 0xc97603fc31d6e96C2A145EC44B369d5263470279 + +Some bustard who tricked me into clicking on a dodgy link (pretending to be tech support for SNX on discord) has taken half my wallet so far (about $130k). The rest is still there but disappearing slowly in front of my eyes. + +You can see all the transactions from this morning how he/she is cleaning up. + +Unfortunately there doesn't seem to be anything I can do other than jumping on the occasional ETH transfer they are making in so I can sweep it out. + +The only reason I haven't shared my secret phrase with the whole world is a quiet hope I might one day get it back. But if that's never going to happen maybe I should share it with you all. After all it would amuse me if someone else steals it before @scofield#0471 takes it all..... + +EDIT: + +I can see people asking why am I not moving the coins out. The answer is I really, really, really tried. +However there seems to be script which instantly transfer the coins to a different wallet, no matter what I type in for gas fees or the address. So far I failed on ALCX, on YFI, on SLP, on AAVE - so I have given up as I don’t know what to do a setting up a script myself is beyond my abilities. Whenever I add in ETH, all it does is makes its easier to the bastard to take my coins. So all I can literally do is watch right now. + +SECOND EDIT + +I was sent a link to a site which was going to validate my MM extension. The site looked real enough that I clicked on it and entered my security phrase. That was where I suddenly blew up 6 years worth of HODLing in one go…. + +THIRD EDIT + +Normally I am hyper sensitive to security and very very wary of online support from strangers. However, due to a rare combination of sleep deprivation from staying up late to watch the Euro 2020 final, and not paying attention when I should have I made the fatal error of falling for what is now obviously a elaborate con. I’m so used to clicking approve on Defi sites to connect to wallets that my guard has as down and this looked genuine enough. + +By the time I realised what was happening it was too late. I logged into MM from a MacBook as my original wallet was on pc, but it made no difference. They initially took 8 ETH, some sushi and old GNT I forgot to convert. With no gas fees the raid stopped. So I thought I would be quick and add a little gas and try and take some out. That didn’t work - no matter what I big in gas fees it was either immediately outbid (lost my aave and STETH) or accepted and went to another wallet which I didn’t recognise (lost my ALCX there). Later the fucker started liquidating my assets and put gas in to do this. I managed - and this was through the most frantic clicking and accepting any fucking gas bid at the highest price to transfer out the ETH to a separate wallet. I managed to get some out which slowed the attacks as there was no ETH to pay for the gas. This would happen every hour and I managed to get about 0.05 ETH LOL + +This was totally my mistake and not due to SNX, who to be fair, warn you not to do what I did. But I was tired, had sent a message to their tech support sub and instead of reading the warning, ignored it like a noob so yeah - I own this and it’s my fault. + +To those of you who think this is fake, I hope it never happens to you. I had to take a day off work to watch this slow motion disaster - I am sitting with a sick feeling, with pounding chest and periodically start tearing up which I can only assume is a slow motion panic attack. I have told my wife who is understandably shocked. When it all goes, I get to tell the rest of family that I got fucked over through ONE SINGLE LAPSE OF JUDGEMENT. + +I posted this as a warning to the bulk of the community who could just as easily have fallen for the same + +I used to look down on exchanges but they all look safer as least they have 2FA which MM lacks. + +I’m pretty much done now with believing crypto will only change the world for the better and for the first time have been thinking, bring on more fucking regulation and make every wallet linked to an ID - that way one day I can find out the bastard who cleaned me out and will spend what I have left on justice. + +FOURTH EDIT + +Thank you so much to everyone for their sympathy and support. To those of you telling me I’m dumb /stupid / foolish for so much holding on MM, thank for the comments but after the first 100 I stopped reading them as they get dull quickly. It was a mistake to leave so much on MM and with hindsight, the fact that my ledger wasn’t letting me connect to some Defi sites was an obvious flag rather than an obstacle. + +So since this afternoon, I was recommend the flashbots service on discord by some of you. With some (read massive) trepidation about using discord again, I posted my details and one of their whitehat guys Alex got in touch. + +I won’t give all the details for now as he’s still on the case but he already rescued just over 40 steth that was staked on curve as a ETH/STETH LP pool. I’m overjoyed as that’s $85k that I had written off now back (and in a ledger before any of you ask). + +I’m hopeful as to what happens to the remaining $35k but it already feels like a fuck you to the thief. + +Thanks to those of you who told me some of my stolen money may have gone to kraken, I’m messaging them so I hope they can freeze the money and if I’m lucky even help ID the counterpart (not holding my breath though as I don’t know ifs it’s real and whether they will help or not). + +With respect to the site I clicked on, DM if you really want to know but I left it off here in case someone else clicks on it and makes the same mistake I did. I’ve got in touch with the domain hosts to ask for their help in identifying the thief. + +Obviously it not the best day in the world but feels a hell of a lot better than it did a few hours ago. + +FIFTH and hopefully final edit + +Thank you to everyone who has sent positive messages of support, both below and in the chat. They have really helped, especially at the start when I was super stressed with indescribable feeling of watching my account get emptied in front of my eyes and being powerless to do anything about it. The (useful) advice from people was helpful and I am especially thankful that the flashbots teams was recommended. + +Alex has been been awesome. After he verified that the account was actually mine he stepped to stop the bleed (and I appreciated the fact that both the groups on discord and even this sub want to fact-check this to make sure it’s not a scam or a lie to flame someone). He set up a burner to remove incoming ETH which meant the thief couldn’t take more as there was no gas on the account. He then started to work on moving out the remaining coins to a safe wallet. At the time of writing he’s retrieved 117k from the 120k that was left (using this mornings prices). There’s a bit left which will hopefully come over but given how much was taken this am, that’s a rounding error on what I lost. For those of you who need his details DM or wait as I’ll edit one last time and add his Twitter account when this is all over and I’m calm. He has been amazing and whilst they ask for a modest fee it’s well worth it. + +Thanks to Kraken for reaching out and apologies to SNX if it looked like I was blaming them for my mistake. Hopefully Kraken can help but I’m also going to message a lot of the other exchanges too - anything I can do to make the money hard to get for the thief will make me happy and maybe it might even get him caught (but really not holding my breath on that). + +For those of you who keep wondering (1) no, I am not doing this for moon farming as making a few dollars and getting karma in no way makes up for a hit, (2) this isn’t a new account. I’ve been on Reddit for years but am usually silent as the chats can get poisonous quickly, (3) even I knew it was risky leaving so much on a hot wallet but I have used MM for a long time and found Ledger to be challenging with some Defi. I really wish I had been more careful but that’s done. I don’t blame anyone other than myself and the bastard who stole my coins but wish MM had 2FA which would have killed this or a way to hard freeze your account instantly which again would stop the bleed and work out a recovery and (4) for all of you who are sitting on your high horse lecturing me on how dumb this is and why you should never use your private data online - I fully understand and agree with your point of view, as YESTERDAY I would have been like YOU safe in the knowledge that nothing like this would ever happen to ME….. + +It’s been a hell of day but I’ll be fine with time. + +SIXTH AND FINAL EDIT + +Okay so it been a surreal 24 hours. For those of you who want the full sequence of events it’s basically this. + +I have a few different accounts but started using MetaMask heavily in recent months. Basically because Argent was heavy in gas prices and my ledger didn’t always connect to some of the DEFI sites I stitched to MM. Thanks to a run up in crypto market valuations, and some small trades and staking, the $20k was playing with 6 months ago in the hot wallet had became around $250-260k yesterday. + +My first mistake was leaving such a large amount on MM. In fact I had been actively considering moving some of it but with hindsight waited too too long. At times gas prices on ETH have been insane and was my pure bad luck that yesterday was one of the cheapest days around where tx were a few dollars rather than $20-70 which I’d seen in previous weeks. Trying to save a few hundred bucks turned out to be a very bad decision. + +With hindsight, I wish I had got up and gone to work and the worst that would have happened would have been feeling deeply disappointed by the England performance the night before. Instead I went on to make one of the most expensive mistake of my life. + +I decided that yesterday I would finally get around to messaging the help desk at the discord chat for SNX and ask if they could help me with some SNX I had deposited there on the L2 wallet. The problem was, that I was able to see the amount of SNX on their Optimism mainnet which showed SNX token only but not but not my ETH, whilst the Ethereum mainnet showed my ETH and other alts but not the SNX tokens. + +I went to the sub and asked for help in the chat. Got no response and tried a bit later. That time I got 3 people replying in private chats each claiming to be from SNX. Whilst the SNX sub warns against this, I was tired and assumed that maybe it was like some of the other subs where people can advise you if the mods are busy. + +To my misfortune I replied to the scammer explaining the problem. He basically told me my MM wallet wasn’t syncing back to the network and I should validate it. That sounded plausible given I couldn’t see my total balances and also in recent weeks I’ve faced a glitch as time where the wallet balance comes up a zero for up to a minute when I first open it so thought maybe he’s right. + +To help, he sent a link to quite a detailed looking site which looked real enough and unfortunately, thanks to weeks of linking random DEFI sites to my MM wallet I had become unfortunately desensitised to connecting to random pages and accepting connections to my wallet + +When I tried the link on the fake site, it wasn’t working apparently so Scammer suggested I try again. This time, I figured maybe I should try the option to connect to my wallet by entering my private pass phrase. + +Yes I know it was dumb NOW + +Yes I realise it’s my fault. + +I’ll live with this expensive mistake for a long time. + +A strange set of events in which I was super tired, not nearly alert enough and my warning radar was off meant I went for the most basic and simple phishing scam. To those of you on your high horses laughing about how this can never happen to you - good luck and I hope you carry on living perfect lives in which you never make a mistake. + +A few mins pass as the scammer is still engaged on the discord chat explaining it will take some time. He then causally asks me if I have a ledger and want to sync that too…. + +At that instant, I suddenly realise what I’ve done and get a cold sweat. Why the fuck should he ask that unless…. + +I check my MM wallet on zapper.fi and see that the wallet balance has suddenly dropped. I’m now missing $20k and a quick check shows my 8 ETH, some sushi and some Golem which I had are gone. + +I start to get super angry that I’ve lost 8 coins. After a few mins I calm down and suddenly realise that the only reason I haven’t lost more is there is now zero ETH on my account so no way to do more transactions. + +It’s likely that he must have set up a copy of my wallet on his pc and started emptying it out. At this stage I’m becoming less angry about what’s gone and becoming deeply worried about the rest. + +I send frantic emails to MM which aren’t answered until late in the evening and the next morning (which basically tell me there is nothing that can be done in my case and be more careful next time - thanks guys, will never be using you again.) + +At this point, the major weakness of MM finally hits me. Forget the convenience, if all goes wrong I have literally NO way to stop any transactions (hell they don’t even show in my wallet but I can see them on zapper) or freeze the account. Consensys may have built a nice chrome extension but it’s useless if there’s a problem. + +At some point I look up and see that more of my coins are disappearing. 20 odd STETH suddenly disappearing is especially painful. I check on zapper and can see he is putting in ETH to put up gas fees to move stuff off the Defi sites and liquidating my coins and moving them out. Now I’m actively watching the account on zapper. Whenever I saw ETH come in I tried to first move the coins to my ledger but every single time it just goes to another unknown wallet. WTF? I eventually understand that they have copied my account on a different pc and are probably running a script to automatically outbid me. I had watched my one YFI go - that hurt as I had spent a BTC on it lol. I watched my 104 ALCX go - another 15 ETH gone in smoke. + +My whole accounts looks fucked and all I can literally do is watch…. + +Around this point I send my first panicked message to Reddit that I was down 130k and likely to lose the whole lot. I figure maybe between the likely ridicule and crap I will get, maybe I will get lucky with some help. + +In the meantime all I can do is try to run slight interference by trying to move some of the ETH that the thief was adding to another account. Strangely moving ETH to another wallet appears to be the only coin I could impact. When I can moved it I try and run a tx and cancel it with a high gas fee to disrupt the ETH balance and screw up his transfers. This slows the bleeding but it’s not over and I don’t know what I can do. I read messaged here about trying other pcs, logging out of MM, I try it all and it does no good and makes me more stressed that the scammer might be stealing more when I’m not watching. + +When I first posted on Reddit I was down about half with the remaining amount staked on curve (alcx/ETH LP, zrx/ETH LP, ETH/stETH LPs) which was around 120k. Don’t know why they were last to go but thank god they were there. + +In between the usual trolls and assholes calling me a liar, there were messages of support and some very helpful suggestions on then flashbots discord sub (initially sent to me by the SNX subs). + +I messaged flashbots and Alex from there got in touch. I gave him full info and access to my ex to verify it was mine). Even he commented that I shouldn’t do this (lost track of how many times I heard that yesterday) but as my account was already compromised I had to trust it would be okay as without it he couldn’t do anything. + +He explained that he would first set up a burner so any ETH coming in would be immediately burned leaving no gas for transfers. This was quickly set up which closed the gate on the thief for the short term. + +For those of you checking the wallet history you can see some incoming ETH which then immediately is removed - that scammer’s ETH he’s wasting now. I didn’t want to alert him as to what was happening, so there was minimal mentions of this on my posts to Reddit, which I was still checking as this forum sometimes has some very useful feedback and suggestions. + +Over the next 8 hours Alex managed to move the remaining balance to a hard wallet and basically recovered all of my remaining balance minus some dust and dai staked on alchemix which I can’t get back so it’s all there which was around 117k out of 120k. I don’t know how he did it - if you really want to know go to discord and ask him - but I am overjoyed that he did what he did. It’s amazing for both his stepping in and spending hours to save this and no less for his 100% total honesty and integrity. If he had moved the coins elsewhere and told me it was the original thief I would never have known. + +In the end I’ve lost about 55 ETH and saved about the same (values were all over the place as the market tanked in the evening). + +I didn’t post for moons or karma. I posted as a warning and for help and I’m glad I did. I would never have found the courage to trust flashbots without it. I would not have been alerted to the scammer using Kraken to deposit the stolen coins. + +To those of you who offered financial support/crypto/gofundme, thank you so much but there is really no need. Alex has saved a big chunk and I will be alright. Losing this amount of coins thanks to a scam is painful but if I couldn’t stomach large swings I wouldn’t have held on for years - if I can live through a few 80% drawdowns in BTC and ETH and recover, then I’ll come back from this okay (however for a while I will stop measuring my crypto value in $ rather than #coins lol). + +Thank you very much to everyone who offered emotional support and well wishes. They are very much appreciated and more than make up for the large number of trolls and morons who like to throw around shit. Please don’t worry about me. My wife, whilst initially shocked and upset, is fully supportive and I have every confidence I will do really well (especially after EIP 1559 and later ETH 2.0) + +To the libertarians, outraged that I’ve swung to side of more regulation, I want to say that I still believe that you should do what you want - legally. It doesn’t have to be totally anonymous - hell half the problem with the current version of the internet is anonymous trolls venting lies and crap everywhere. + +For crypto to go truly mainstream you need some degree of safety and the ability to follow up and prosecute crimes. Watching some c*** screw me over in real time was an infuriating and humbling experience and definitely made me resent the anonymity of the scammer….. + +BTW for those of you who go on about being your own bank good luck and come back to the real world where actual banks are regulated and safe (unlike the current Wild West of crypto Defi) and remember many of us don’t want to be our own bank. I never thought about being my own bank and bought coins like ETH for other reasons. I like the blockchain and the crypto space as they are exciting and disruptive ideas that will hopefully make a new version of the internet in due course and change the world. However like the internet 2.0, no matter how it starts, eventually governments will step in and more regulation is coming. + +Mr scammer, I’ve already reported you to a bunch of exchanges where you seem to be staking your stolen coins and even if I can’t get you immediately, your records are permanently there on the blockchain and one day you will be fucking found…. + +Finally thanks again to Alex! + +For those of you who asked about him, his Twitter handle is @amanusk_ + +Check him out, he’s a true legend and a gent. +A company spokesperson stated that the decision is a result of the bank's ongoing evaluations of the costs and benefits of serving different industries. This decision follows a statement from Wells Fargo last year that WFC had begun limiting credit exposure to the private prison industry and had ceased actively marketing to that sector. + +&#x200B; + +US banks in 2018, including Bank of America and Wells Fargo, raised approximately 1.8 billion in debt for 3 deals for GEO Group and CoreCivic; 2 major private prison operators. + +&#x200B; + +[https://www.reuters.com/article/us-jp-morgan-prisons/jpmorgan-backs-away-from-private-prison-finance-idUSKCN1QM1LE](https://www.reuters.com/article/us-jp-morgan-prisons/jpmorgan-backs-away-from-private-prison-finance-idUSKCN1QM1LE) +Edit: I can't believe...I spent all weekend writing this... only for you guys... to react... the way I expected you to! How exciting!! *pulls up soap box* So alright y'all, now that you're all here, let me make a brief comment before I go to bed and I'll see you later if the mods allow it. I see red flag, I investigate, I report my findings. You can agree, disagree, or anything in between and I will not lose a wink of sleep. What I DO care about is some sweet little chimp has more resources to make their own decisions regarding the media they buy into during arguably the most important event in their life via a case study. If you think this is just about Andrew, you're missing the point but I still love you very much. Sound fair? + +Edit2: oops; sorry guys. Had to come back and ask y'all to try to keep your comments fairly respectful. At the end of the day, he's just a content creator. Like me. Like you. In this post I give him credit where credit is due and I don't hate him whatsoever, I talk about things that are trendy OUTSIDE of him, and I also make some suggestions on how he can remedy most of your concerns! Also if you think I'm losing sleep over a comment... have you ever...had a toddler? Anywho.Happy reading. +This goes without saying, but y’all really need to do your own research and take everything you read, watch, or listen to with a grain of salt. I don’t care who the source is and how much you trust them. So, let me give you some friendly advice using my research to back me up: **Stay away from AndrewMoMoney during the squeeze.** + +Edit3: you ask for an alternative, [here it is](https://youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA). + +Andrewmomoney has been trying to leave a comment, but can't because of karma. You can find a response copy pastes below. I'll be in contact later. + +**Disclaimer**: I’ve mentioned before, I’ve been working in the design and marketing field for many years. As such, there are often things I’ll talk about as if they’re common knowledge or I’ll explain them as if we were good ol’ friends sitting around the campfire. That said, I’ll do my best to provide every single resource. If I’m missing something critical for your understanding, just let me know and I’ll do my best to provide. Moving on. + +&#x200B; + +[https:\/\/www.noxinfluencer.com\/youtube\/channel\/UC23emuGbNM7twofQIrEgPBQ](https://preview.redd.it/4h1htukgsgv61.png?width=1236&format=png&auto=webp&s=430dd8e5be9fbd2a36e77e519f2debdd239b54a7) + +Have you tried to start a youtube channel? Or a business? Yeah? Almost everyone I know has too. A majority of the people I know have gotten as far as making a cover photo, a banner, the about, and maybe ONE video. Then poof. It’s gone. They lose motivation. **This tends to be the case for a lot of people and the easiest way to combat this is by having a plan**. You sit down and figure out who you are and what you look like, what you do, who your audience is, why you’re better than everyone else, and how you’re going to deliver the goods. + +You’ll create some things like a business canvas, a marketing strategy (which will include your voice and tone), and a content calendar among many other things. Here are some quick reads before I dive deeper: + +&#x200B; + +* [Creating a business plan](https://blog.hubspot.com/marketing/business-plan-template) +* [Creating a business canvas](https://bmcintroduction.wordpress.com/) +* [Content calendar](https://www.copypress.com/blog/content-calendar/) +* [General tools](https://creately.com/blog/diagrams/the-ultimate-list-of-marketing-strategy-tools/#model) +* [Tone and Voice](https://buffer.com/library/social-media-marketing-voice-and-tone/#examples-of-voice-and-tone-guides-online) + +Got some knowledge under your belt? Great. Too busy eating crayons, **great.** I’ll explain in layman’s terms anyways. + +I like to check out some analytics and watch content periodically throughout the channel’s history so I have a better understanding of the initial strategy, how its evolved, as well as if there are any catalysts, etc, etc. + +Andrew’s channel was created April 7th, 2020 and formerly titled Data Leap. His bio: + +“As a 26-year-old cryptocurrency **data scientist** in Silicon Valley that built **9 streams of passive income in 2020**, I want to **help you** find your own path to **6 figures in 6 months**. Subscribe to keep up with weekly uploads, cool kids are all doing it. Let's leap together.” + +Since it’s important enough to be in his bio, **I think it’s critical for me to understand what a data scientist is**. I did some research, I liked these videos ([Joma Tech](https://www.youtube.com/watch?v=xC-c7E5PK0Y) and [Ken Jee](https://www.youtube.com/watch?v=sHRq-LshG3U). Check out the description box of the latter for some key points), but I still found it to be unclear. However, I think it’s fair to say that there will be a lot of **CODING** on this channel. + +This is obvious in his earlier videos. I’ll give you a few examples. + +&#x200B; + +https://preview.redd.it/3ai6k3t5dgv61.png?width=1094&format=png&auto=webp&s=666c9695a160e60744c33c886ad9e5a2fccd06ab + +Pretty on point with what we can deduce from the bio. His tone is pretty casual, yet sophisticated. He wants to entertain you while putting some wrinkles on that brain. ~~I'd say I nailed this because Andrew says the same thing in a later video.~~ + +Now I take a look at how often he posts. Here are the dates from his first couple months: + +* June 22 +* June 26 +* June 29 +* July 7 +* July 13 +* July 16 +* July 22 +* Aug 3 +* Aug 8 +* Aug 10 +* Aug 14 +* Aug 17 +* Aug 24 + +Now, this might be my low blood sugar talking, but man, this tight production schedule is making me queasy. That’s a lot of videos in a short amount of time and you’ll notice they’re often just a few days apart. + +One of the most common questions someone will ask is what they can do to grow their channel. Usually you turn to them and ask how much they’re posting, what they're posting, and when. **Rule of thumb, quality over quantity**, but **consistency is key**. You put out one really awesome video every other 6 months, you get buried by the algorithm. You put out 20 videos of garbage and you get buried by the algorithm. Most end up putting out 1-2 videos a week, but that won’t guarantee a bunch of subscribers or a ton of views. **Generally, you give them something of value and consistently provide that same value to incentivize them to come back to your channel.** + +For example, I’d like a new kitchen table and the current trend is just my type, but I’m unwilling or unable to pay such a high price for someone to build it for me. **I’m willing to learn how to DIY and can buy entry level tools to do the job myself**. I turn to youtube and find a channel dedicated to simple DIY builds with minimal tools. They explain the process start to finish very well and my table turns out awesome. **Turns out they have more videos!** I decide to stick around and subscribe. Thousands of people out there end up subscribing for the same reason.. + +&#x200B; + +https://preview.redd.it/2v41gaf2egv61.png?width=1148&format=png&auto=webp&s=a0f614c1423c947ea04e152ba82fe4fa9ab74ed5 + +&#x200B; + +**It’s not always like that though**. You ever seen the video of the lady making nachos with her bare hands? What about the potato chip mashed potatoes? That person who thought they were a chicken nugget? Some things are so silly or stupid you HAVE to watch it and tell your friends or leave a comment letting everyone know how stupid they are. You may or may not subscribe, but you still hang around to see what other silly thing they’re up to. Some people become successful by being controversial. + +&#x200B; + +https://preview.redd.it/k9895hr9egv61.png?width=576&format=png&auto=webp&s=d73baaaf2391894a3e2088b57f48bc3064da2637 + +**And even then, it’s not always like that!** What about the videos about stray puppies and kittens that find their forever home? Military coming home videos? Helping the homeless? Y’know, the things that pull at your heart strings? + +&#x200B; + +https://preview.redd.it/i8c3bcpgegv61.png?width=986&format=png&auto=webp&s=d30dd5ee969b4c9e607ee2e395fcf7eba92e47bd + +See what I’m saying? Multiple ways to skin a cat. Just be consistent. + +Andrew uploaded fairly consistently and did the usual tips and tricks with thumbnail art, titles, etc (being click baity, but hey, I think everyone does that from time to time), but I noticed **he still had very low viewership and engagemen**t. Why is that? Ultimately, a combination of things. Check out his bio again, check out all the banners and video descriptions (I have to speculate just a LITTLE here and assume he didn’t change anything recently), what do you see mentioned everywhere? + +**“Your guide to 6 figures in 6 months”** + +https://preview.redd.it/re52l6hnegv61.png?width=950&format=png&auto=webp&s=7842232cdd95f185672ccafa3b7bc29e2b97d975 + +**Rapid fire answer. Do you think his channel matches that sentiment?** + +Here's mine: **not really**. I’ll give you an example of a channel I found from searching “6 figures in 6 months” : + +&#x200B; + +https://preview.redd.it/ugflhivregv61.png?width=1202&format=png&auto=webp&s=2d44bdea196301e0e124735c70d3ddf4af46da9a + +**Seems to mesh better with that idea, doesn’t it?** One thing Andrew mentions in this [video](https://www.youtube.com/watch?v=LBR821Ujjpo) is that starting a business can help you make 6 figures, but doesn't provide resources for running that business on his channel. Sure, Andrew has more subscribers. I’ll give you that for now (come see me later though. We’ll talk). + +So then you start looking at the content and figuring out what it's actually about. Andrew starts making videos centered around **Python**. There’s a few random videos in there, but he sticks to the code in the beginning and I applaud him for not jumping with random videos when his channel didn’t pop off immediately (and that production schedule is just crazy). Some hit better than others--it’s fairly obvious when an influencer has found something that hit right because they’ll keep doing it. Then bang. The channel evolves and we start hitting the clickbait. + +&#x200B; + +https://preview.redd.it/k4q34ff7ggv61.png?width=992&format=png&auto=webp&s=9aad68c5749f871c307416f355b2c693b6f0bcb0 + +3.9k views on this video. Pretty damn solid. Then you'll notice we start sliding back down to 100-500 views per video immediately after until we hit another (what I like to call) viral video and that’s where you’ll see a key difference between Andrew’s channel and Nate’s. Nate’s lowest viewership is 4k. Nate generally has more substantial comments on his videos. Do you see where I’m going with this? More subscribers isn’t always the best indication of success. Thanks Nate, you can go now. + +&#x200B; + +https://preview.redd.it/ly4vl8bofgv61.png?width=1189&format=png&auto=webp&s=40c74ce394d2570b3e47da6524e1181855fac0c9 + +So it seems like Andrew’s channel is more so centered around how you could land a 6 figure job or increase your income to 6 figures… but likely not in 6 months and maybe not 6 figures. The content just isn’t there... there isn’t a clear set of reasonable directions for the audience regarding how they can do that in SIX months in his channel.. Consistently. Yes, emphasis on consistently. I’ll give you credit for some of these earlier "on-target" videos although I CANNOT confirm how filling they are in relation to the channel proposition: + +* [How to be a Millionaire by 30: Build one of THESE in 2021](https://www.youtube.com/watch?v=G_7inET5cx8&t=244s) +* [My Very First Job Offer was $100K+ (and so can yours)](https://www.youtube.com/watch?v=gx2pyD0NnZ0) +* [How I Built 9 Income Sources at Age 25 (and you can too)](https://www.youtube.com/watch?v=50F1Ql_4LN0&t=579s) +* [$100K in Passive Income in 2021 - Making Six Figures on Autopilot](https://www.youtube.com/watch?v=nByRXaTvkjU) + +&#x200B; + +By the way, y’all ever heard of Dr. Quarters? + +&#x200B; + +https://preview.redd.it/5pmtr2p8hgv61.jpg?width=480&format=pjpg&auto=webp&s=97aa58581b681e022d0e9065ffe87c042fef8ddb + +I’ll keep it simple. This episode of King of The Hill is based on a real guy and a real trend that was more popular (or perhaps, just popular in a different form) when I was kid. These people sold the idea you could get rich quick with minimal effort (essentially click bait). Needless to say, it backfires and Kahn is stuck in a bad situation, still working at a job he hates. He got off pretty easy in the show. People in real life? Eh. + +**I’m not calling Andrew a get-rich-quick scam artist**. I think he has some interesting videos of value, but I do think his content is a little off kilter and **he’s not delivering what he claims he can do for you**. Normally, a channel will fall off the radar because of this.. + +But then, there was a **catalyst**: Gamestop. + +Remember how I mentioned you can see his videos hang out around relatively low views and once he creates something people like, he keeps doing it? This is a fairly common practice so don’t come with your pitchforks ready. Think about it like this: + +Miley Cyrus has pivoted multiple times throughout her career. Madonna. Gwen Stefani. Taylor Swift. Katy Perry. Kanye West. Pink. Y’all know 'Hot in here' by Nelly? What about his other hit 'Over and Over' with Tim McGraw? + +Nothing new here. This has been happening since before you were born. + +&#x200B; + +[never forgetti mom's spaghetti ](https://preview.redd.it/cnjz5eeoigv61.jpg?width=640&format=pjpg&auto=webp&s=f51d687fef7529db939031fe7cabfaf6fb35a3b8) + +**There are a few problems with this pivot though**. Andrew was missing his proposition value to his viewers **already** and he’s further pivoting from it--this can affect how **trustworthy** and consistent he seems. I’d say this is relatively minor and easy to fix. + +**This becomes a much larger problem** when you examine how the content has evolved from the first GME post. I have a specific word I’d like to use, but I’m going to abstain. Let me just talk about the video and see if you see what I see. + +https://preview.redd.it/5op9u4l6jgv61.png?width=946&format=png&auto=webp&s=25ecb51fbc276664fee6f7a3cd9bad3bbfaafbba + +The first video was published **February 1st, 2021**. This is post January baby squeeze. It gives you a nice, simple explanation of the Reddit vs. Wall Street situation, and basic trading concepts. This is an entry level video. This is not for the folks already in the game. In my expert opinion, I’d describe **this video as targeting the FOMO crowd** who saw the news, said “fuck, I want in” and searched for a video from a trusted source (and the use of his job title in the video is very intentional. His channel name has changed by now too) who could explain in 10 minutes or less. + +Good results. Can he do it again? + +&#x200B; + +https://preview.redd.it/4fecb7nfjgv61.png?width=958&format=png&auto=webp&s=5cf9ab03d65312c4f4d2cb566b7afe01e05c25c9 + +**Yes**. He goes deeper into his explanation of the situation and the market as a whole and drops more resources for beginners like links to trading apps like **Webull** or **Robinhood**. Yes, Robinhood. Even after it had been put out there they had halted trading. **He removes this in later videos but it can still be found in the description and pinned comments of older videos. Do you think he isn't getting something from that?** + +&#x200B; + +[https:\/\/www.youtube.com\/watch?v=a8AJNOYKkqc](https://preview.redd.it/t4ehlk88xgv61.png?width=598&format=png&auto=webp&s=4e97a982996afbe4224745c795e5868d35af5d5b) + +&#x200B; + +https://preview.redd.it/0cptbbozsgv61.png?width=887&format=png&auto=webp&s=770a20bc41a180446ff4ca024c143ecbd7506753 + +Within a week or so of posting, he hits 5k subscribers. By March, he hits 20k. By April, 70k. That’s some aggressive growth. **Of the 100+ videos that have come out since the OG video, I’ve counted ONE that caters to his original audience**. That’s fine, people are allowed to change, but you **have** to update your brand. He hasn’t though. Nothing besides \*looks at notecard\* editing his original video descriptions and pinned comments to include affiliate links to anything pertaining to GME, language such “tendies”, “apes”, “moon”, “moon platoon”, and “space upgrades”. Even his first video that came out a year ago. + +**So pretty much everything to make money.** + +~~(And I have to throw in another~~ **~~disclaimer~~**~~, I don’t know Andrew personally and he seems like a pretty cool dude. This isn’t an attack on him for playing the marketing game. This post is just for you guys to remember there are good shills and bad shills and everything in between. The human brain is more fragile than you think and very susceptible to manipulation especially when emotions are running high. I remember when I started investing I listened to every account out there instead of doing my research. Within 5 minutes I bought a stock, read something, sold that stock, and bought another like a true crayon muncher.)~~ + +The videos become more click baity as time goes on. Remember that one video I mentioned in the last paragraph? You’ll notice a significant dip in viewership. When I talk to my friends about being an influencer, I tell them that **while it might seem like a great idea to hop on a hype train to collect some followers, it winds up being very difficult to keep those followers**. Why? Because they followed you for x, not y and you can see that here. Increase in views. Increase in engagement. Increase in subscribers. Nice. Back to business. Uh oh. Didn’t do so well. Back to Gamestop. + +&#x200B; + +https://preview.redd.it/aj5hjntltgv61.png?width=1120&format=png&auto=webp&s=fd646e4fceb2d3a3747a57f17e725ab30315d7aa + +So now you’re stuck in a cycle of HAVING to keep making videos about this topic if you want to maintain. That’s how we wind up with videos like “Should I sell Gamestop?” (**multiple times**), thumbnails with words like “crash”, “you lose”, or “game over”. + +Again, I stress that the target was the FOMO crowd, the baby chimps. They don’t know any better. They need someone who doesn’t hurt their brain, keeps it short, and funny. **Do you see how all the above is dangerous for them as we move forward?** + +Put it this way. + +Using a recent video at 68k views (and every single one of them is a new viewer). + +If all of those people are holding 100 shares that’s 6,800,000 shares total. + +Imagine he uploads a video mid squeeze with a title of “**$GME PEAKS AT $5,000??**” with a thumbnail with something like “highest it can go?” or “game over?” + +Everyone is emotional, they’ve never seen this much money before. They freak the hell out. They don’t want to lose that money. **They paperhand at $5k**. $GME briefly dips before skyrocketing to $20k. + +**Dangerous for stockholders. Dangerous for him and the future of his channel.** + +Let’s go back to **trust**. He’s not currently fulfilling his value proposition. He creates click bait videos. Doesn’t give credit to the folks who provide him video content (links to atobitt's biz, but not the artist of [this](https://www.reddit.com/r/GME/comments/mi08bt/heres_my_take_on_a_movie_poster_concept_for_the/) or Pixel's Endgame DD). Half-rebranding to make it **seem** like he’s a fellow ape... + +&#x200B; + +https://preview.redd.it/ed7d604xtgv61.png?width=1440&format=png&auto=webp&s=25fee894f682a7b8565a49536cb90b5f78f8585c + +Honestly, he **might** be an ape.. The problem is **he doesn’t come across genuine** because of the above--what are you willing to compromise for views and $$? Quite a few people have made comments mentioning he doesn’t appear genuine. Some people have jumped to his defense that he’s accepted feedback and is changing some things because of it (no idea what though, but then again I don't watch his channel regularly... then again... I'm a pretty good guesser) which brings me to my next point. + +**He’s not changing.** + +The clickbait is still there. I mean, how long have we known options were a no no? Recent video with a title that suggests options are some secret ticket to tendies (because options traders know something we don’t?). He is still missing his value proposition. He is not giving written credit to folks providing him with information. + +&#x200B; + +https://preview.redd.it/4a1hno7augv61.png?width=217&format=png&auto=webp&s=16117ccbe99d565bfaf35668d757850aef2eb8d9 + +**I also found out he used my DD in a video**, which was pretty cool. I didn’t know a lot about him besides watching people bicker about him on the sub, but I never personally watched. Decided to check it out. + +&#x200B; + +[that me](https://preview.redd.it/ua3tpgozlgv61.png?width=959&format=png&auto=webp&s=6f8a6405cbd5ed412f4e65ba8a3f596a236223a8) + +Honestly, **I was so disappointed**. **Not only in him, but shill dog as well**. What I emphasize to EVERYONE is that we better be about our shit. You know you’re doing an interview? **Brush up on your public speaking skills. You are making history** and you never know when the camera is rolling. If you ho-hum, seem unsure, or lie, the audience will know. The media will eat you alive and you destroy the credibility of the sub. You never know what opportunities will come from this either. **Be like DFV**. **No excuses**. My inbox is always open if you need help preparing for these things. Anyways. + +It bothers me how big of a joke this came off. It bothers me how suspicious I was of Shill dog because of how they handled the interview--what a massive platform to be on and...woof. **It bothered me when I read a comment that said NEITHER of the people talking in this video seemed genuine.** My name is attached to this. That’s my research. My integrity is everything so **I felt a need to reach out to Andrew**. Maybe I could come on and discuss in a way that would make people feel more at ease. I messaged on twitter, radio silence. I expected that though, no big deal. Next step, bring out my old youtube channel. Check privacy settings. I leave a comment and go to bed. + +I wake up the next day expecting a comment or a like based upon how recently he interacted with other commenters. + +**My comment is gone**. I wondered if I just hadn’t actually submitted it, but I was so sure I had. Immediately became sus, but I don’t make claims without proof. I painstakingly type up the same comment. Gone within 10 minutes. + +&#x200B; + +[go see if it's there](https://preview.redd.it/rlnt4daqmgv61.jpg?width=1080&format=pjpg&auto=webp&s=62fa86027a93b7f0c62333fd3bc58291e002fa6a) + +I log onto another channel. I leave a comment praising him. Still up to this moment. I won't screenshot that one. Just take a guess. + +**That tells me everything I need to know.** + +**Bonus**: I found the reveal of his offer to shill odd. Many people were skeptical as well, asking why he blurred the information out the way he did, why talk so briefly about it, why not put the company out there, etc. **So I’m gonna pull a Warden on you guys: It’s either fake, it’s real and he didn’t take an offer, or it’s real and he took an offer.** + +It was a live video. Often you don’t have yourself as put together as a scripted video you can reshoot and watch and edit and tweak and so on, but I want you to notice **he never said he wouldn’t take an offer**. **There was just a funky transition that he would have shill dog in the live stream to keep him straight.** If I'm just being a skeptic and he gets upset by this because it's not true, that's on him for allowing his viewers to doubt how honest of a content creator he is. + +**TLDR:** A majority of you will say you don't care about Andrew and never have and this is all stuff you already figured out, but there are some apes out there who still view him as their first source of information and **you are only as strong as your weakest link**. Through a brief analysis, I've shown the foundation or lack thereof behind this channel and how **AndrewMoMoney's channel is positioned for** **maximizing earnings through sensationalism. Sensationalism is a cheap way to grow your channel, but you will lose it all unless you adjust your marketing strategy and value proposition. This type of channel is potentially damaging for the squeeze. I strongly urge you to consider what media you will surround yourself with when this lifts off.** + +**While I have you here Andrew, might I make some suggestions?** I don't like plain criticism. We do constructive feedback around here: + +* Interview the people who write the DD you discuss. All of them. Not just the "celebrities". + * Use these interviews to supplement what you don't know instead of reading straight DD. +* Make a video for your OG subscribers on how they can use GME as a catalyst for their careers--even if that's just having the extra tendies to go back to school or coast while they figure out their life. + * Make a video that helps apes manage their tendies--like "how to find a CPA", "how to pick a lawyer". You don't even need to pitch it as original. Give credit to the person who posted first, say it's a video adaptation, boom. +* [Stop deleting negative comments and use them to your advantage.](https://www.businessinsider.com/5-reasons-not-to-delete-negative-reviews-2010-11) +* Cut back on the click bait titles. You can optimize your title for the algorithm AND give your viewers a clear understanding of what the video is about. + * Write what the video is about in the description. +* Get back to engaging with your subscribers like you did in the beginning. +* Think about the social and economic repercussions of the content you're publishing. +* ~~Wait don't take these, they're actually pretty good I might use them~~ + +~~Please excuse typos or grammar as my eyes are burning~~ +I took the afternoon off of checking the ticker and came back 2 hours into AH to see it up over 25%. Immediately I went to Superstonk to see what the fuck happened and do you know what I saw? Not the crazy "tHiS iS moAAsS BucklE uP!!" Posts I expected to see (and which I did get from the popcorn sub BTW even though it was only up about 7%) but instead I saw post after post calmly assessing the situation and arriving to the conclusion that it was likely not because of the WSJ article. + +Thank you Superstonk. It's truly amazing to see how far we've come since I joined this community almost exactly 1 year ago today. + +I had zero fear during the drop to 120, I have zero expectations for tomorrow, and I'm proud to call myself one of you. + +Buy, hodl, DRS. + +Edit: lol I got a notification that I hit 250 updoots and by the time I checked I was at 212. Apparently somebody doesn't like how zen we are +Sorry for the morbid question so early in the morning, I’ve been feeling a bit mortal recently 😅 + +I’ve been thinking about what would happen if I were no longer around, and how my family would/should know where my money is. I’m young so hopefully just being on the cautious side. + +I’ve got my pension, a couple ISAs, premium bonds, a couple current accounts, a GIA, and my Marcus account. What’s the best strategy for making sure none of that money goes unclaimed and gets to the right person/people? I’ve been thinking of just having a paper and pen “log” in my “this stuff is important” folder that details all my accounts, but that might not be robust... + +Curious to know what you all do. + +Disclaimer: I’m in no way wealthy enough to be considering professional help on this front, like an accountant, I don’t think... + +EDIT: Please don't pay for awards on this post. If you feel so inclined to spend money on me, please instead donate it to the [World Land Trust](https://www.worldlandtrust.org/) +Honestly, I have XXX shares and could make a million at anything over 1,600 a share. I was planning on dumping earlier than most but a post on here changed my mind. It said something along the lines of “apes with less shares need the money the most”. It hits home and and it’s too true. Will be selling on the way down + +Edit: Thanks for the awards! Also sorry I can’t reply to everyone there’s way too many comments and I’m at work. +Invest all in schd/divo/jepi all with DRIP on. + +Wait 20 to 30 years. + +Turn drip off live off dividends never sell a share. Or possibly rebalance more into jepi and divo depending on principal hold up. + +Why sell and dwindle down vs live off divs and keep wealth for children after death? What am i missing? +So in case people were unaware, about a week ago /u/TheBomber9 the owner of Bitgrail. Violated his own TOS & instituted mandatory verification (KYC) without any prior notice, disabling any withdrawals from the exchange. This was after weeks of disabled withdrawals due to maintenance, so people's XRB has been stuck on this exchange for over a month. + +Today he announced that he will be closing all non-EU accounts & liquidating their assets into BTC before sending it out. This caused a massive drop in the price of XRB (over 50%) & a huge increase in the price of BTC on the exchange. Bomber9 also just happened to announce this right before the Binance listing (which is supposed to be happening soon). + +Now, Bitgrail is a dedicated XRB exchange & the vast majority of the assets on Bitgrail are in Raiblocks. According to the exchange wallet he has around 6 million XRB, with over half of that likely being from non-EU users, there is not even close to enough BTC on the exchange to pay for all the XRB at market price. + +So this begs the question, why wouldn't he just allow people to withdraw in XRB? It would be by far the easiest option. The only explanations are: + +1) **He's forcing BTC withdraws so he can sell his BTC for a massive premium & buy up tons of XRB cheap right before the Binance listing. Making millions. (by far the most likely explanation.)** + +2) He wants to force one last trade to make money on trade fees & BTC withdrawal fees (XRB withdrawal is free). + +3) He wants to skim BTC off of people who had their accounts forcefully liquidated into BTC (since he can choose whatever price he wants for your XRB). + +He has effectively destroyed his exchange with his actions & I think it's unlikely he's just a moron. It's far more likely he sees the writing on the wall with his exchange (with the Binance listing coming) and he wants to pull a pseudo-legal exit scam (not sure if this is illegal under Italian law). + +Now I have my life savings in XRB on Bitgrail (seemed like a good idea at the time) & I basically just lost half of it because of this guy. Now I understood the risk of getting into Crypto & I've accepted what's happened. All I can ask is that there be some justice for me & the other people he's screwed. + +I don't know what the laws are like in Italy but in America a violation of TOS is grounds for a lawsuit & most types of market manipulation are illegal. If someone could contact the proper authorities & let them know about the situation, I'd really appreciate it. I don't expect anything to come of it but I'd appreciate it if someone could at least try & get some justice for us. + +Edit: I'm aware how stupid it was to go all in on XRB on Bitgrail, no one realizes that more than me lol. Not looking for sympathy my mistakes are my own, just wanted to illustrate how fucked up the situation is. + +Edit: [Bomber's Statement](https://np.reddit.com/r/BitGrailExchange/comments/7u02o9/bitgrail_update_30012018/?st=jd1hmflg&sh=fe0c9f41) + +Edit: Apparently, he has also [doubled the withdrawal fee of BTC from 0.001 BTC to 0.002 BTC.](https://bitgrail.com/fees) + +Edit: [Raiblock team's statement.](https://np.reddit.com/r/RaiBlocks/comments/7u2x97/bitgrail/) + +**Update: [BitGrail has backpedaled; they will continue verifications and withdrawals for non-EU users for 2 weeks & allow withdrawals for 2 weeks after verification.](https://np.reddit.com/r/BitGrailExchange/comments/7u3vhq/another_update/) We did it Reddit, thank you.** +Seriously, even thought we still don't have the 'official' announcement, ntf.gamestop.com started accepting potential canditates (individuals and brands) for their NFT Marketplace, which makes it 100% clear. This are incredible bullish news, and we all have been waiting for it for many many months, even other subreddits like LRC, Cryptocurrency, etc..had viral posts about it, and we closed 1.15%, ASK YOURSELF WHY. +4th time trying to post. Trademark approved. + +They seriously don’t want this posted. Don’t know if it’s Reddit or whomever. It’s been auto deleted 3 times. Serious FUD. Moonshot incoming. Gmerica is approved. See link words word works wolf ape wok wood fuck hedgies [gmerica](https://uspto.report/TM/90897211) +I posted this over at AusFinance, but am just as curious (possibly more so) to read some of your replies. + + It's easy to get caught up in the process; work, save, invest, rinse and repeat. It's great watching your finances increase while things are going well. But it's just as easy to lose track of what's really important to us and why we started investing in the first place. + +I'm working pretty hard at the moment to save money and make good financial decisions and I'm starting to think more about the end game. + +So I'm curious; What is your end game? + +How far off are you? + +How do you plan on transitioning? +UPDATE: + +The weekly FBX shipping rates have been updated today: + +FBX01 west coast rate has doubled (in a week) to $13666 , + +the global FBX container rate has gone up 32% $8848 + +The FBX03 East Coast rate has increased 52% to $16008 per container + +These rates are insane - ZIM is literally printing money + +Freight Rates: [https://fbx.freightos.com/](https://fbx.freightos.com/) + +&#x200B; + +TL:DR - Shipping rates are going through the roof due to ship & container supply constraints coupled with port congestion and huge demand as Covid unwinds - ZIM is ideally situated to take full advantage + +$ZIM - ZIM Integrated Shipping Services Ltd founded in 1945 in Israel went public with an IPO on the NYSE on January 28 2021, ZIMs IPO happened the same day as the Gamestop MOASS meaning it was mainly ignored by the media and investors and ended up being priced at $15.00 - the lowest end of its range + +Even after a run up following the IPO, ZIM remains highly undervalued, shipping rates are going through the roof due to increased demand coupled with lack of global fleet supply, port delays etc, at its current earnings rate ZIM is on course for a 2021 full year PE of 2 (TTM PE is currently under 4) against sector peers PE range of 8 to 15 + +ZIM is a top ten global container shipping carrier with a fleet of 101 ships in operation with a total capacity of around 429,000 TEU (twenty-foot equivalent unit container size) with another 10 x 7,000 TEU ships(LNG powered) on order. + +Unlike many of its competitors ZIM charters 98% of its fleet on long term 3-5 year contracts reducing its capex and debt requirements and giving the company the flexibility to focus on the most profitable trade lanes for instance ZIM has 10% market share of the more profitable Asia to US East Coast trade global trade market source:Port Import Export Reporting Service (PIERS) + +ZIM has vessel & route cooperation arrangements with other major shipping companies Maersk & MSC which ensures that ZIM has more certainty in relation to capacity and cost efficiencies and access to charter vessels at competitive rates + +On 21 June 2021 ZIM extended its partnership agreement with ALIBABA that allows customers to book space on their vessels through the Chinese e-commerce giant + +ZIM Market share + +Atlantic 153,000 TEU US East Coast & Gulf to Mediterranean 14% market share & Med to US West Coast lane 6% market share + +Pacific 328,000 TEU Far East to US East Coast 8% market share - Far East to Pacific Northwest lane 5% market share + +Cross Suez 84,000 TEU India & Far East to East Mediterranean & Black Sea lane 10% market share + +Intra Asia 208,000 TEU - Far East to West & South Africa lane 5% & 4% market share respectively + +Latin America 45,000 TEU + +22% of ZIMs capacity is on 12 month set price contracts with the remaining 78% on spot daily rates, ZIM has a large profitable gap between freight and time-charter cost, with time-charter cost coming to approx 20-25% of unit cost, the 12 month contracts give the company certainty of income covering ZIMs operating costs while being short enough in duration to allow ZIM to renegotiate, taking advantage as spot prices increase.The remaining 78% of the fleet are able to take full advantage of the spot daily rates which are currently exploding higher as the world comes out of covid and retailers scramble to desperately refill inventory + +Freight Rates: [https://fbx.freightos.com/](https://fbx.freightos.com/) + +West Coast FBX01 FBX Global Container Weekly FEU spot rates were around $1500 at the start of 2020, they rose to around $3500 by the end of 2020 and are currently around $6700, nearly double the rate in Jan 2021 and over 4 times the 2020 rate, with many routes commanding much higher rates. + +Even though the west coast spot rate is quoted at $6600 & East Coast circa $10,500 per FEU- due to the lack of space, congestion and high demand, in many cases shipping clients are paying a premium well over these rates anywhere from $11,000 to $23,000 to ensure they can secure loading equipment & vessel space for essential supplies + +FBX01 Far East to US West Coast weekly spot rate $6600 per FEU + +FBX03 Far East to US East Coast weekly spot rate $10500 per FEU + +FBX13 Far East to Mediterranean spot rate $12000 per FEU + +Additional revenue: ZIM offers door to door transportation - in 2020 23% of ZIM TEUs carried utilized additional elements of land transportation + +ZIM promotes customer loyalty - 75% of ZIMs top 20 customers in 2020 having a relationship with the Company lasting longer than 10 years. + +In Q1 2021 ZIM earned more per share ($5.17) than the entirety of 2020 ($4.96) and peak season has only just started, traditionally running from 1st June to 31st October, even at the Q1 shipping rate ZIM would be on target for full year earnings of around $20 per share (a PE of less than 2) but rates continue to move much higher + +What is behind the shipping rate upsurge and how do we know this will continue? + +1. During covid Retail inventory has fallen to a 28 year low, this means shops are scrambling to restock creating intense demand for goods from China, Asia etc as more and more of the world reopens this demand will continue to compound for some time deep into 2022 and possibly 2023 +2. Shipping has been going through a tough time the last decade and as a result the number of ships is at a low, The worldwide inactive container fleet is now just 2.8% of the global fleet and primarily consists of vessels waylaid by accidents, urgent maintenance, sanctions and waiting periods before upcoming service. Anything that can be deployed is already deployed, as it takes approx 3 years to build new vessels this supply pressure will not be relieved for at least 18-24 months +3. Additional pressure is being placed on shipping due to congestion at ports, a vessel that is delayed by a week or more will miss its scheduled rotation which results in a cancelled (blank) sailing. Covid means there are a lower number of staff at each port trying to deal with a larger than normal backlog with more and more vessels turning up every day. + +Demand is outstripping supply by a huge factor, None of the above 3 factors are going to abate any time soon and the likelihood is that things will get worse before they get better meaning elevated rates for all of this year and likely towards the end of 2022 and perhaps beyond + +A quick calculation for full year earnings: + +ZIM carried 818,000 TEUs during the first quarter of 2021. The average freight rate per TEU was $1,925, compared to $1,091 for the first quarter of 2020. + +ZIMs current capacity is 429,205 TEU which should equate to a full year figure in the region of 3,400,000 TEU transported + +This will equate to a turnover of $7bn(average shipping rate of $2000) up to $10bn(if average rate is $3000 per TEU) + +In Q1 1.74Bn revenue resulted in earnings of $5.17, full year should be somewhere in the region of $20 to $29 + +sound like buying a dollar for 50 cents? + +ZIM management have the share holders interests at heart - on 22 April the company announced it was paying off $351.6 million of secured debt 2 years early, one of the reasons for this was that the terms of the debt prevented the company from paying a dividend + +During Q1 earnings ZIM announced a 5% special dividend of $2.00 (ex dividend date of Aug 25, 2021) + +ZIM also confirmed their intention to distribute 30%-50% of 2021 net income to shareholders via special dividends (this should equate to approx $10 per share) + +The company also are carrying forward a tax loss in 2018-2019 which will be in the region of $132m and improve 2021 earnings + +Comps: + +||Revenue|Mkt Cap|Cash|P/S|P/E| +|:-|:-|:-|:-|:-|:-| +|ZIM|$4.35Bn|$4.25Bn|$1.25Bn|1|4| +|Evergreen Marine Corp Taiwan Ltd|$7.45Bn|$39Bn|$1.8Bn|5|17| +|Hapag-Lloyd|$15Bn|$40Bn|$1.9Bn|3|16| +|Yang Ming Marine Transport|$6Bn|$22Bn|$1.4Bn|4|17| +|COSCO SHIPPING Holdings|$28Bn|$51Bn|$9.5Bn|2|7| + +&#x200B; + +**Innovation:** + +ZIM are at the cutting edge of shipping innovation partnering with a number of tech businesses to increase their edge over the competition + +21st April ZIM Announces investment in tech startup Sodyo Ltd and the Establishment of ZIMARK, A New Company Providing Innovative Scanning Technology for the Logistics and Supply Chain Industries + +"ZIMARK will provide its customers innovative scanning solutions using Sodyo's groundbreaking patented technology" + +"The ZIMARK scanning technology, based on markers, image recognition and advanced algorithms, is the most advanced in the market, enabling accurate scans from virtually any distance allowing multiple markers simultaneously. ZIMark will enable companies in the supply chain industry to lower costs, increase efficiency and improve customer service." + +ZIM have also invested in WAVE BL, a developer of groundbreaking blockchain network supporting paperless electronic trade/shipping documentation in the shipping industry. + +"WAVE BL's platform and has since widely expanded its use to become the industry leader in Digitization of bills of lading which is revolutionizing shipping documentation, sharply reducing time, complexity, errors and costs for all parties involved, while maintaining a high level of security and being far more sustainable than the traditional paper bill of lading." + +**Catalysts** + +Q2, Q3 Earnings (Peak shipping rates season is Q3) + +Continued Increased demand for products by consumers as the world comes out of covid, coupled with low retail inventories + +2021 - 2022 Profit sharing by way of 30-50% special dividends, the promise of juicy dividends will help keep the share price elevated and reduce selling volume + +Increased Demand coupled with lack of fleet supply, port unloading delays and congestion, will maintain and likely increase spot rates further and keep them elevated until the end of 2022 and into 2023 + +It will take several years for shipping new builds to bring the worldwide fleet to a level where supply will match demand + +2023 Additional 10 ships + +&#x200B; + +My Positions: 1050 Shares $41670 +Seeing people complaining to GameStop twitter about the stock fuckery is petty, if you wanna do something about it, do it yourselves and DRS your shit, contact your representatives and/or make formal complaints to SEC/DOJ, but don't get the social media team involved in this shit, it's not their job to answer your stock complaints. +For the past few weeks I've been able to pick up some extra hours at 3x my normal rate. I should be thrilled, but I'm not. All that happens on those days is I come home exhausted and miss out of my evening. The money is good, but it just doesn't affect my life in any way. The only change is a 1% gain in my account balance at the end of the week. I already buy small things whenever I feel like it, but spending $500-$1000 on something I want feels like too much. The problem is that I expect to make about $1.5 k before this contract ends, but I want to save up for a down payment. In my area, that means about $60 k (I know about FHA loans and stuff, its an issue of I can't afford a $300k+ mortgage with PMI on top) since $300k is about the very bottom of even condos for 100 miles. Houses start at $500k unless they are a tear down. It feels like the only way I'll ever own something is with a large pay jump, not by being smart with money. + +&#x200B; + +Anyone else have a similar issue where it feels like your goals are just too far away to reach and good discipline isn't enough? + +&#x200B; + +Edit: Y'all been so helpful. Sorry for being vague in my replies, I have had people data mine me during arguments before and its pretty annoying. I'm going to go buy a new putter today and hope to get a nice promotion this month. Otherwise I'll look into places to move to. +Some thoughts: + +1. Ethereum (and all crypto, really) is a hyper market. Booms. Busts. Over and over and over again. And not over the span of decades, but months, weeks, and sometimes days. Look to BTC price history for guidance, and that fun graph with "IT'S A BUBBLE!" and "SEE WE WERE RIGHT!" cycles from $0.1 to $3,000. You can expect the same for ETH. + +2. Ethereum is not a business. It is a protocol. Say it with me: "ETH IS NOT A BUSINESS. IT IS A PROTOCOL." Even if the "value" drops 90%, it means next to nothing like it would for FB or Apple. Stocks in these companies represent mature securities traded with all of the world's capital having a vote. A 90% drop there would mean their business isn't doing so well (probably). ETH prices carry much less meaning in this regard. + +3. Ethereum is creating things that were not previously possible. Therefore, this is new GDP. This is new value creation for the entire world, 24/7/365. Comparing "market caps" to companies and industries is meaningless. That's not to say the value of this stuff will increase infinitely. What I will say is that not you nor I nor anyone has any idea what a fair market value for any of this stuff is. One day we'll have some sort of equilibrium and some quant finance genius will come up with a method or methods that reasonably approximate what the value "should" be; just like we have for equities and bonds and real estate. I say "should," because as we all know actual price varies. + +4. We represent a small fraction of the crypto market, which in turn represents a small fraction of the world's capital that I mentioned before. When we see Warren Buffet take a long position and/or substantial inflows from hedge/pension/index funds, then I think we can safely say we've reached some kind of "maturity." As for now, you still have to be a bit of a tech nerd compared to the average person to figure out how to invest into any of this stuff. When it becomes clear that our society's dumbest dumbs are clicking "buy" in their Etrade account, and the price goes apeshit, then I'll worry about a bubble. That being said, if we see $10 Ether again I won't be the least bit surprised. + +5. Anyone who thinks this is all Tulips hasn't a clue about anything. Godspeed. + +I was hoping to get a little bit of career advice here from those of you who have graduated with economics and have entered the workforce outside of academia. + +I am almost finished with a BS in economics, with major electived including a minor in math(focus on stats), business forecasting(econometrics), and advanced finance courses. + +I have a strong suit for finance and math, but math drains my energy. My past jobs have been assistant manager ×2 and currently a glorified credit card salesman. I don't have the strong social skills currently to succeed strongly in sales nor did I have them when I was a manager(I could handle the rest but the social skills destroyed it). + +I greatly enjoyed my macro economics courses the most, and I love the practicality of finance. Finally, I find immense value in the social skills that a sales job forces me to develope despite how draining and unnatural it feels. + +I'm hoping to use my economics degree to get a job that focuses on market responses to changes in products, and to leverage macro economic understanding for business decisions. That being said, I am not a numbers guy because it drains me so much, despite having strong intuitive/numerical grasp. I'd like to hover around a social role in that not directly sales where my performance comes down nearly entirely to my social skills, but enough that I am still developing sales/social skills. + +Do any jobs that economics sets you up for leverage macro economics to inform business forecasting and market analysis, yet stay fairly strong in social skills. + +Down the road I envision myself more as a salesman than a number cruncher, but also I envision myself more as a decision informer for a businessbased on macro economic trends than a salesman/accounts. Someone with strong social skills but who specializes in understanding macro economy movements. I'd like to keep delving deeper into macro econ, yet also use it to inform business forecasting and use it as an advisor +In other words, if most of your wages go into your house, and you currently earn less than $175k, you would have been better off as ~~a median~~ an average wage earner in 1993. + +This may be obvious in reality, but seeing the numbers was surprising to me. + +Maybe it's wages that are broken, not house prices. Now's the time to ask for a raise. + +(Note this only takes into account the capital value, not interest rates which were around 5% in 1993) + +**Edit:** Just realised the data I was looking at was *average* wages, not median + +*Sources* + +* https://www.ausstats.abs.gov.au/ausstats/free.nsf/0/402B58AD857DDD04CA2574FA00146390/$File/63020_FEB1993.pdf +* https://www.aussie.com.au/plan-compare/property-reports/25-years-of-housing-trends-property-market-report.html +I am an undergrad student who is a senior. Currently my chosen path is finance but a lot of the work in finance seems to be accounting work rather than something relevant to my undergrad degree which is economics. I am wondering if anyone has a career that involves economics? + +Also what do you do in a day to day basis? +Accounts are tweeting out a scam directing people to send them bitcoin, all of Apple’s tweets have disappeared. + +https://twitter.com/northmantrader/status/1283501933907587073?s=21 + +Wonder what would have happened if this occurred in trading hours. +There's a long list of things you need to worry about when separating from your job regardless of how or why that is happening. It is often an emotional time, but missing a few key steps could be troublesome down the road.[ ](https://www.someecards.com/usercards/viewcard/leaving-my-job-without-the-going-away-party--aa5a7/) + +This checklist is intended to apply for most situations including: resigning or quitting a job, being fired from a job, or being laid off. Navigating the end of a contract as a contractor is not really the focus of this post, but some steps may still apply. + +Some specifics will only apply to the US (e.g., retirement account types, filing for unemployment, health care). If you're aware of a guide for any other countries, please make a comment! + +## Before resigning *or* if you are at risk of being let go/laid off + +- It hopefully goes without saying, but you should already have a firm job offer in hand before resigning (unless you have a different plan like heading back to school). Likewise, if you are at risk of being let go or laid off, you should be building your network at the very least (if not outright looking for a new position). +- Do you have a retirement plan with your employer (e.g., 401(k), 403(b), 457, SIMPLE IRA, SEP IRA, or TSP)? + - Note that many employers will require to to pay off any outstanding loans you have made against your retirement plan. If that's the case, you will have only 60 days after separation to pay off the balance to avoid early distribution taxes and penalties. + - [Plan out what you'll do with your 401(k) or other employer-sponsored retirement account.](https://www.reddit.com/r/personalfinance/wiki/retirementaccounts/rollovers) + - Recognize that you will be giving up any unvested matching for your retirement plan. +- Have a plan for the first few months after the job. + - Figure out what you'll do for health insurance (sign up for your own via COBRA or the ACA, switch to a spouse's plan, or wait to get coverage with new employer). + - Consider whether you will want to convert your group life insurance policy to an individual policy. + - Make sure you have enough money to carry you into your next job without dipping into your emergency fund, set up a budget, and examine your general financial situation. Emergency funds are for unexpected circumstances. + - If you are planning on moving, understand that landlords often want to see proof of a job and income - which may make getting a new place more difficult. +- Make copies of any performance reviews, professional certifications, or other personal documents that you'll want to keep as well as your current vacation balance, salary information, etc. Having a copy of your contract and benefit information on a personal computer is also recommended as you might not have access to them in the future. +- However, do not take copies of any work performed without written approval from management. This is not your property and is equivalent to stealing. +- Backup (commonly by emailing a copy to your personal email or copying to a thumb drive) and remove all personal files from your work computer, work phone, and any other device. +- Be prepared for what you'll do or say if your manager makes a counteroffer. Many people say it's a bad idea to stay after attempting to resign, but it can also go well. +- Don't give more than two weeks of notice if leaving immediately and not being paid for your remaining time would be a financial hardship. +- If you received stock options, received a hiring bonus, or receive ongoing monetary bonuses or RSUs: + - Examine your vesting schedule and consider whether you may have to return any bonus money (e.g. hiring bonus, moving stipend, education assistance) before you decide when to quit. + - Don't expect to collect options, RSUs, or bonuses during your notice period because you might be terminated immediately. It's better to wait to give notice until after any important vesting dates (you should still give two weeks). + - Purchase any stock options that are "in the money". +- Check on your benefits and find out what happens to them upon leaving. + - Do you get your outstanding vacation days paid out or do you lose them (meaning you should take them before resigning if possible)? + - When does your health/dental/vision insurance expire? End of the month or day you leave? Make sure any appointments are scheduled with this in mind. + - If you have floating holidays, you may want to take them before resigning. + - If you have an FSA, is there anything left in it to spend down (check out FSA eligible items on Amazon). Anything left the day you leave, the company keeps. Even if you are resigning on Jan 15 and only contributed once, you can still spend the entire annual amount and not have to pay it back. + +- Put together an email list of anyone you want to email (individually or as a group) when you leave. Don't email too large of a group because it's tacky and use Bcc: for group emails. + - Email should be short and to the point. Something like it was great working with you, I learned a lot. Here's my personal info to keep in touch. Don't try to explain yourself. + +## How to resign + +- Don't burn any bridges and maintain a professional attitude. You never know who you will run into again in the future, keep it professional. +- Bring a box with you (leave it in your car if you can't bring it in discreetly) to allow for easy packing of any personal possessions in case you are walked out that day. +- Make sure you have contact information for any key people - coworkers, managers - that you want to keep in contact with or possible use as a reference in the future. Send a copy of this to your personal email. +- Do not tell your coworkers/friends prior to telling your boss and HR. This is not something that you want floating around the office. +- Tell your manager in person and present a short and professional resignation letter to him or her at this meeting. When you leave the meeting, email a copy to them and HR (even if it is from home later that day). + - Don't make it personal or give a reason. State the facts. "I am resigning POSITION effective DATE." You don't owe them a reason (especially in written form), don't try to provide a list of things they could fix, etc. + - If you want to elaborate with your manager in person, keep the discussion positive and brief. +- Give two weeks notice and finish strong, but don't be surprised if you get walked out the day you resign or even immediately after resigning. +- If you do end up working the notice period - you still need to work! This is what you will be remembered for, don't start slacking off. Work with your manager to finish or hand off all projects you are currently working. +- Once you do leave, if something was left behind, make arrangements to pick it up. Talk to HR about this if needed. +- Send any goodbye email later from a personal email account. Don't "spam" aliases for an entire company or large departments unless it is a very small number of people (under 20 people). + +## What to do after you are laid off or fired + +- Don't burn any bridges and maintain a professional attitude. You never know who you will run into again in the future, keep it professional. +- Try to keep a calm appearance until you are off property. This is an emotional time, but you don't want to be remembered as the person who cussed out everyone as they were dragged out by security. +- Make sure you have contact information for both your manager and HR representative in case of questions later. +- Try your best to pack any essential personal possessions that day if you get walked out, check for small things like cell phone chargers and pictures. It can be awkward returning later. + - If you do need to return for personal items or any other reason, make arrangements in advance, don't just show up and expect to be let back in. +- You may be asked to sign a legal document giving up certain rights (e.g., a non-compete clause or waiving certain rights to sue) in exchange for severance pay and/or other benefits. Note that non-compete clauses are very difficult to enforce in some states. You absolutely need to read the entire document before signing and it's your decision to make. Consult an attorney if you need help. +- Send any goodbye emails later from a personal email account. Don't "spam" aliases for an entire company or large departments unless it is a very small number of people (under 20 people). Do not send anything right away because your emotions will be running high. + +## After leaving + +- If you were laid off or fired, [apply for unemployment](https://www.thebalance.com/how-to-file-for-unemployment-benefits-online-2064123) as soon as you can assuming [you were not fired for misconduct (i.e., terminated for cause)](https://www.thebalance.com/can-i-collect-unemployment-if-i-am-fired-2064150). The entire process can take weeks so do this as soon as possible. +- Any life insurance coverage through your employer will terminate after you leave (sometimes immediately, sometimes at the end of the month). Consider converting your group life insurance policy to an individual policy, especially if others depend on your income or if you have medical conditions that may prevent you from getting an individual policy on your own. The cost tends to be low, but you will only have a limited amount of time to do this (usually 30 days or until the end of the current month, but don't count on that). +- Move your 401(k) or other employee-sponsored retirement account to your new plan or a Rollover IRA (if that was your plan). +- Get on LinkedIn and link up with the ex-coworkers who would say good things about you (and vice versa). +- Get health insurance if needed (see above). There's a 60-day grace period after leaving your job for COBRA election (you can get coverage retroactively), but signing up for ACA coverage may be less expensive. +- Make sure you have a plan for how you will sell any company stock. +- Inform your new employer about how much you've already contributed to your 401(k) for this calendar year to avoid exceeding the contribution limit. Note that you may have another paycheck or two still coming from your old employer after you quit so it may take a little time to figure this number out. + +## Being unemployed + +Unless you have a signed job offer in hand, it's time to actually *act* like you are unemployed. + +- Hoard cash. Don't waste money on stuff you don't need to survive. Review your budget, cut any and all unnecessary expenses, stop eating out and going out to bars for drinks. +- You have extra time so use it to save money: cook at home, exercise on the cheap, read books from libraries instead of buying them. +- Your "job" is now finding a new job. + - Update your resume (get some feedback on /r/resumes), customize it to each job, and submit it everywhere. + - Spend time every day on job search sites, LinkedIn, and communicating with your network. Set a weekly goal to send customized applications and resumes to a specific number of jobs per week (e.g., 20 jobs). + +---- + +Thanks /u/CripzyChiken for adding information on FSA and a few other things. + +P.S. The wiki home for this article is https://www.reddit.com/r/personalfinance/wiki/leaving_job. +As cliche as it may sound, it's true. I've been trading since 2016 and done exceptionally well in the trading/strategy development part but controlling my emotions in trading is something I still struggle with but have gotten better at. + +I've been hitting the same trading edge for about 2 years now, I get in, I get out, and make a max of 5% per week with this one strategy. My account hit an all time high last week and I messed it up due to my emotions. + +I started adding more and more short options contracts than my bot was advising me to size with (kelly criterion). I got royally fucked and it could've been worse but I got out with a small lose. I ended up putting 90% of my portfolio due to my emotions and revenge trading. I was down -16% my whole portfolio in a day. + +Due to me adding a shit ton of short options contracts right before the reversal of the trend, I held onto my position and it reversed to a -5% loss only. Whew. This week I traded it back to break even and was at 0% PnL for the month. + +Today, I got so tired of there not being any other opportunities in the market due to low implied vol across the board and only junky meme stocks being available to sell premium again, so I violated my bots rules again put nearly my whole portfolio into this one edge again. This time today the lowest my whole portfolio was down by 30%. I held onto my position again and was able to get out with a -10% loss for the month. + +I'm taking a break from the market. I'm going all cash until I'm able to control my emotions and listen to the cold hard numbers my probability model tells me. I was supposed to only use 5% of my portfolio on this one edge, I instead used 90% again. I could've wiped out all my gains from the past couple years. + +Still up 560% YTD but these are pretty much my first losses for the year other than some small couple of -2% and -3% trades. The best choice right now is to sit it out if you're trading indexes or stocks with 1+ beta. I'm going to waiting for the next big move either up or down before I start selling options again. We're in no mans land with SPX/SPY right now and I'm sitting out. + +**TLDR; Cash is a position, you shouldn't be forced to trade or feel like you HAVE to make profits. This market has been extremely frustrating for premium sellers with low implied vol everywhere and motivated me to do extremely risky trades where I risked 90% of my entire portfolio in a single edge and risked wiping out all the gains I worked hard for. I wasn't thinking straight and didn't even feel "mentally sober" while taking on all that risk. Even though I have an edge that's been working for me for 2 years, getting emotional and revenge trading is something I still have trouble controlling.** + +Edit: Questions about my strategy and return in the comments. I define an "edge" as a trade with a positive expected value. It doesn't necessarily have to be arbitrage e.g. selling deep OTM puts tends to have a +EV over time and it isn't arbitrage. You're just capitalizing on VRP AND Implied Vol overstating Realized Vol. My strategy doesn't really have a name and it isn't a strategy you'll find online. I found the edge mentioned in a small paragraph in an Options trading book from the 2010s that I read when I first started trading. I tested it out in 2019 and have been automating it and capitalizing on it ever since. I only use it on SPY and there are a couple of my own other personal implementations (e.g. Kelly Criterion for sizing) in the strategy to make sure it works properly and gives me a +EV. Let's just say credit spreads on SPY which aren't supposed to be open get filled, if the strikes are in accordance with my probability model & vol surface then my order is executed through the Robinhood API. It's all coded in Python but I have the ability to turn off the bot and enter trades manually etc. And that's what I did when I fucked up these past couple weeks. My return: https://imgur.com/a/NtyL7Hy So it isn't exactly 560% YTD as stated but from bottom to top it was 560%+ but these past couple weeks dented it. This is my main strategy and responsible for over 80% of my profits. I dabble in other things like The Wheel and selling lotto puts on meme stonks for fun like when the Gamestop dilemma happened. But that's about it. I can't say anymore obviously so no one else figures it out and uses my hardwork over the past couple years. The bot/edge is not for sale. Be dedicated to knowledge and reading and you will get to my path. +After last week’s livestream **sending $20k to a charity**, which resulted in a massive price upswing, **HappyCoin** is gearing up to **send out another $50k at 9pm UTC tonight on** Twitch( **watchhappycoin)**! As part of a weekly series that should only gain more traction as larger organizations come on board (it’s been teased that there should be some major charitable organizations on the way, meaning huge mainstream appeal), this is the kind of livestream that you’re not going to see with any other token, particularly on BSC. + +That’s because most of your teams out here are completely anon and don’t have the kind of charisma that actually guides organizations like thisese to success. Consider how deftly other large $100M tokens have made it through being “hacked,” defrauded and otherwise lost investor money . **It relied on the charm and transparency of the team to deliver a full rebound from crashing 50x, including a swing to 100x.** + +We all know this space faces long-term issues from speculative bubbles (not the crypto market, that’s about to go on another run, but the memecoin market) but if there’s anything to learn from other speculative bubbles is that the ones who do win are truly godsends. **Think about the dotcoms that survived out of the initial bubble.** Those are your big four companies that control the world now. Even on a smaller scale, the most rare of Beanie Babies still go for millions. It’s to say, if you can survive the crash, you become stronger than before. + +We still have plenty of time as the alt season meters are finally tilting towards a gigantic burst ahead for our favorite shitcoins, **BNB is blasting to another new high as Ether’s gains spill out to the rest of the DeFi market.** But know that a company with this kind of vision and ability to be innovative represents a good promise that **goes beyond its current $20M market cap.** + +While the future is unknown, we understand that charitable organizations have found footing in new markets in the past from all the exposure the internet brought to so many lesser-known and in need of awareness causes. If **blockchain is to be Web 3.0**, you can imagine the charitable applications of the space continuing to expand **with HappyCoin firmly in the center of that.** + +So, when you watch tonight’s stream be sure to think about what this organization is doing, the kind of reaction it’s getting from traditional charitable organizations, and the potential that comes with the legitimacy of being **one of the first charity tokens** (certainly one of the first with a **confirmed CEX listing on WhiteBIT, coming next week!**) and one that always had its finger on the pulse of innovation in outreach. + +Website : [https://www.thehappycoin.co/](https://www.thehappycoin.co/) + +PancakeSwap : [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) +Welcome to the ETH Daily Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. Please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules)** to become familiar with them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be reported and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education](http://bit.ly/2rMAXmq) wiki page. + +* **[EXPERIMENTAL]** - 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. + +*** + +Thank you in advance for your participation. Enjoy! + +First I'd like to thank everyone who responded and assisted in my thread previously regarding a property negotiation - original thread link + https://www.reddit.com/r/AusFinance/comments/xd474r/property_negotiating_question/?utm_medium=android_app&utm_source=share + +The update as of today is my deadline of 2pm past for my formal and final offer of $665,000. They came back at 2:30pm with a counter offer of $680,000. + +I rejected this and told them they're dreaming and have now walked away from negotiations. Funnily enough the agent actually asked surely you can add another 1 or 2 thousand? I told her on principal and as a matter of fact I take that as disrespect that a property developer, who would have no real use for such little additional money, would try to squeeze every last penny out of us as a young couple. I refused to budge and I'm very happy to walk away from it without stretching my budget or overpaying the worth. + +She tried all sorts of tactics which I can get into at people's request but I'd just mainly like to use this post to thank everyone, initially I was a fish out of water but thanks to your advice I genuinely had fun negotiating here and can leave with my head held high. +You get married and then it’s living happily ever after, right? Well... + +A few months after we were married, my wife came home from Target with a couple of large shopping bags. + +*“What did you buy this time?!”* + +No, I didn’t say that out loud. I’m not *that* stupid. + +But the thought did run through my mind, and it concerned me. + +Why was I so upset over a trip to Target? I love Allison! I trust her, and I know she’s responsible. + +She didn’t come home with a new car. She didn’t gamble away all our savings. So what’s the big deal? + +Then it hit me. + +**I couldn’t answer the question, “Are we okay?”** + +We were married and happy except when it came to money. Every day, my wife used *her* money from *her* bank accounts, and I was using *my* money with *my* credit cards. + +I realized that we were still paying the bills and shopping like we were roommates rather than like a team or a family. + +And as I thought more about it, I discovered that how we used money was only *part* of the problem. + +At the time, I had just started a career as a financial advisor, and I was being paid with a combination of a fixed salary and commission. The amount I was making was changing every month. + +[EDIT: I left the financial advising career about 4 years ago. Wasn't for me.] + +Allison had a stable job, but her hourly rate was low. Plus, her job was centered around tourism, so the number of hours she worked went up in the summer and dropped in the winter. + +At any given moment, we had no idea if we were spending ourselves into a hole or climbing out of it. + +We could compare how much we were charging on our credit cards and how much money was in our bank accounts, but that got complicated. + +We had 8 accounts at 5 different banks. Answering the question, “Are we okay?” took a shit-ton longer than it needed to. + +Allison and I weren’t working or planning together when it came to money, and I wanted to make a change. + +All I wanted was to answer the question, “Are we okay?” without getting a degree in Accounting. + +**We learned how to handle money as separate people.** + +Before getting married, Allison and I really were separate people. + +We both had savings accounts, checking accounts, and credit cards to manage. We learned how to pay bills in our own apartments with our own roommates (who were also our groomsmen and bride’s maids). + +Allison and I ended up moving in together for the summer right before we got married, so we were--from a legal standpoint--roommates rather than a family. We got used to paying the bills and shopping as separate people. + +Looking back, combining our lives and becoming a family needed to happen. We realize now that this moment was inevitable, but no one ever taught us how. + +**We were responsible as individuals, but not as a couple.** + +I figured that if we didn’t start working together with our money, the “Target incident” would just get worse. + +* If I needed a new suit for work, could we actually afford it? +* What happens when we want to go on vacation? +* Would Allison start to resent me for spending a lot of money on craft beer? +* Would I start resenting Allison for buying another purse? +* What if we go further and further into debt without knowing it? +* What if we want to buy a house? + +I love my wife, and I trust her. But the way we were going, I didn’t trust *us*. + +**No one ever taught us how to handle money as a team.** + +No one ever taught me how to handle money as a spouse. Fortunately, I have great parents that I got to watch, and I learned what a great marriage could be. But they never talked about money around me. + +In high school and college, I learned how to balance my checkbook, use a credit card, and pay my bills. But it’s easy to make decisions when I don’t need anyone else’s opinion or permission. + +Allison and I needed to do something different, and it was up to us to change. + +**We needed to find some help.** + +I was on edge to begin with. Trying to network, gain clients, and work long hours already had me stressed out. Worrying about my clients’ money didn’t leave much energy at the end of the day to take care of our money. + +Any time we needed to go shopping was stressful. Hanging out with friends made me feel guilty. We live in Florida so of course we like to go to Orlando (*“Sea World...Disney...putt-putt golfing.”*). + +I wanted to worry a lot less about money, have some fun, and not ruin our marriage in the process. + +It was time to find some help. + +**What were the problems we needed to solve?** + +Allison and I already worked well as a team. We were both responsible, but we had separate financial lives that needed to be combined somehow. + +I realized that the three basic problems we needed to solve were: +* How do we see all of our money in one place so we don’t miss anything? +* How can we manage day-to-day decisions without nagging each other? +* How do we financially and emotionally support each other in our goals and dreams? + +This took some time to figure out. + +**Step 1: See everything in one place.** + +The first thing we did was to get everything into one place. I had been using the app, Mint, for years to help track my own stuff. So we decided to start a new account. [EDIT: I took out the link for Mint to help out with the thumbnail issue. I'm guessing you can find the app just fine without it.] + +[EDIT: I am not an employee of Mint, nor am I being paid by them. I'm just a fan, and the app has worked well for me. The comments on this post also strongly suggest (but are not limited to) YNAB, Good Budget, Personal Capital, EveryDollar, Mvelopes, and Quicken. You could also use Excel, Google Sheets, Apple Numbers, or any other spreadsheet software you are comfortable with to budget and keep track of your finances.] + +* Every savings account. +* Every checking account. +* All the credit cards. +* Student loans. +* Car loans. +* Every transaction. +* Updated automatically. +* All in one spot! + +The clouds parted and the angels sang. + +We both had access to see everything at any moment on a computer or our phones. + +**Step 2: Give each other permission to spend money.** + +The next step was to start budgeting together, and I had to talk Allison into this. She had some valid concerns, and it all started with toothpaste. + +Since I’m a detail-oriented person, I was gung-ho about budgeting and tracking our money. I love it when everything works together perfectly. Whereas Allison has more of a “good enough” personality. She was happy as long as we were staying out of trouble. + +So when I started to talk about budgeting, one of Allison’s first questions was, “If we spend our budget for toiletries and we need toothpaste, I can’t go out and buy more toothpaste?” + +It was a good question, and I didn’t have the answer right away. Over time, we’ve learned how to budget each month without making the budget set in stone. It’s flexible, and when we need to change it...we change it. Toothpaste for days! + +Allison also asked, “And what if we want to go shopping on our own? Do we need to give each other permission?” + +The solution here was to budget fun money for each other. Every month, Allison gets some money that she gets to do whatever she wants with. And every month, I get some money that I get to do whatever I want with. Sometimes we overspend our fun money amounts (okay, honestly...it’s usually me), but we make it work out. + +[EDIT: We also have an "Entertainment" fund in our budget every month, which is for anything we do together. You could call it "Date Night" money, too.] + +After making a lot of mistakes, hitting road bumps, finding solutions, and practicing, our monthly budgeting hasn’t caused any fights or headaches....for years. + +**Step 3: Decide what we want, together.** + +When it came to our goals and dreams, we tried a formal system of tracking what we wanted. But it didn’t really work out. It was too much for us as a couple. + +Our bigger goals like an emergency fund, retirement, and debt took some time, but those goals take *months* or *years* or *decades* to accomplish. Once we set the plan, there was no need for a conversation every month. + +For the shorter-term ideas, we developed a habit of asking each other, “What do you want this month?” + +Sometimes I want new running shoes. Sometimes Allison wants to throw a party at our house for friends. And sometimes we both want a new dining room table. + +In the end, we just wait until an idea pops into our mind (*“Is it time to go back to Disney World?”*), and we decide if we can afford it now or we need to save up. And then put it in the budget. + +It’s flexible, and it works for us. + +**I calmed down...fast!** + +After all our financial information was in one spot, I immediately calmed down. + +I had one number that showed me how much combined money we had in “the bank” and one number of how much we had charged on the credit cards. + +One number minus the other gave me my answer. We were okay. + +After we started to budget, seeing a Target bag (or any other shopping bag) hasn’t bothered me since. + +**We never fight about money.** + +Allison and I have had a lot of fun with friends, visited family, and had wonderful vacations. But we have made a lot of mistakes and have had to deal with a bunch of emergencies. + +We talk, discuss, and decide. But we don’t fight. +------- +If you want to ask a question or have me dive deeper into anything, let me know in the comments. I'll respond as soon as possible. + +[EDIT: Wow!! Everyone, thank you for the wonderful stories, comments and questions! I had no idea this was going to make such an impact. It's 9:42 CST, and I've have *got* to do the other work I was supposed to do today. I will respond and comment as much as I can tomorrow and through the weekend, so keep going!] +I've always voted Liberal purely because I've never cared and it's what my parents told me to do but now that I'm older and have a lot of my money invested in rare earth's, lithium and uranium I'm starting to wonder who I should be voting for that would benefit those companies the most. + +From what I've read/researched there still seems to be pretty much zero chance for Nuclear to take off in Aus sadly, and it appears as though the push will be for wind, solar and battery. + +Imo Scomo is a complete durp and I really am against voting for him but will Labour be any better? + +Will there be any chance for Nuclear to make a start in Aus and if so what party would be the likeliest to promote it? +First time post/ long-time lurker + +Just bought a foreclosure home at auction and am having some issues with the former owners. + +They have moved out but are not handing over the keys for various reasons. Their “stuff” is still in house but they are not staying there and only occasionally moving things out. + +What are my options here? Eviction, ejection? Can I just change locks since no one is living there? +Any advice would help + **What is it?** + +Daddy Doge is the head of the Doge family and the next 100x BSC gem. You might have seen the viral video of Elon mentioning DaddyDoge ([https://twitter.com/DaddyDOGEtoken/status/1414818641871360000](https://twitter.com/DaddyDOGEtoken/status/1414818641871360000)), if not, you will end up seeing DaddyDoge on CMC when it’s listed imminently or maybe even you’re one of the 3 million daily active users that will see the full screen DaddyDoge advert on BTOK for a week starting 18th July. +The news is spreading, over 16k holders and $8,000,000 market cap in one week. Don’t miss out on climbing on the board the rocket and going to the moon with DaddyDoge. + +“Some people don't believe in heroes but they haven't met my dad.” DOGE 2019. + +**How to find daddy doge:** + +[Telegram](https://t.me/daddydogetoken) + +[Buy on Pancake](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7cce94c0b2c8ae7661f02544e62178377fe8cf92) + +[Twitter](https://twitter.com/DaddyDogeToken) + +[Website](https://daddydoge.finance/) + +[Reddit](https://www.reddit.com/r/DaddyDOGEtoken/) + +**What are the tokenomics?** + +Simple as you like, there is a **9%** total transaction fee compromising of: + +**3% distributed to all holders** + +The Daddy looks after his pups and rewards them by just holding. Every buy and sell gets paid amongst Daddy Doge holders in reflections. In short, the longer you hold the more tokens you earn. + +**3% added to the liquidity pool** + +The contract accumulates tokens on buy/sells and then adds them to the liquidity pool to create a solid price floor and increases the stability of the token for everyone's benefit! + +**3% sent to a marketing wallet** + +A token is nothing without it’s marketing power. Combine a substantial initial marketing budget with ongoing accumulation we’re destined to the moon. Following advertisements on time square and multiple exchange listings that send Daddy Doge to the moon alongside his son. + +**What else?** + +Daddy Doge is fed up of seeing rug pulls and honey pots, so he’s decided to give the community as much confidence as possible by: + +Locked liquidity for 5 years + +Renounced ownership + +Community driven + +Hold no separate big token wallets + +&#x200B; + +Join the tg and show the world who the Daddy is!!! +Not sure if this is common knowledge but I noticed this yesterday when filing my federal taxes yesterday. I had to use TurboTax deluxe because of some additional things I had to add in and I don't want to use paper. They mention that it costs $40. No issue there. When choosing a payment method you have the options of using a card or allowing them to take it directly from your returns. Underneath the latter they mention they would take $40 directly from your returns. What they fail to mention is that it's an additional $40, not the $40 you pay for deluxe. So you'd end up paying $80 in total for choosing this method vs $40 for entering your card info. Caught it when I was reviewing everything. Heads up guys. + +EDIT: My problem with this is that they made it seem like it's a part of the initial $40 not as an additional fee. The language used seems intentionally misleading. + +EDIT 2: First time that I've had to get TT Deluxe. Very new to filing taxes too, sorry if this has been repeated before. It's honestly new information to me. +This sub seems to have become more meme than useful content. Your memes do not really add to the conversation of trading ether and to be blunt, we have already seen endless iterations of HODL, omg it's crashing, omg it's going to the moon, lambos, and your reaction when _____. If you are really interested in ether trading, please try to contribute something useful. Otherwise you really are just polluting this stream that used to be interesting information. Thanks. +What has only been a few months in this bull run has already seemed to be an eternity for those who were with us here in January or earlier. Binance Smart Chain has brought on a flurry of action and the meta has shifted time and time again, leading to our current memecoin dominated market. + +Which is all fine and good, people love gambling in bull and bear markets, that will never change as serotonin is hardwired into our limbic system, but it certainly has made everyone wary as we continue to reach new heights. + +Still, with **ETH clearly on a moon mission to $10k**, it seems we have time before that inevitable top signal, this bull run likely continuing through this summer and at least through till the ETH July update. After all, we’ve seen about 3 or 4 “top signals” this bull run, but the 2017 bull featured 9 at least. + +So, we can expect the legitimate memecoins (I know that sounds ridiculous, but look at DOGE and tell me that coins with that level of market cap are anything less than legitimate) to continue mooning and for this market to press on, new buyers entering everyday. Imagine when the DOGE normies (that’s what they are at this point) start moving their memecoin holdings onto SafeMOON and down? Volume, volume, volume. + +So **HappyCoin, skyrocketing to an 8-figure market cap and 30k+ holders leading to a CEX listing in record time,** seems primed to be a fixture in the crypto space. Doxxed dev about to fly to LA to create larger influencer connections to pair with a weekly donation livestream that keeps gaining traction, this is the exact kind of project with the exact kind of branding (positivity, raising mental health awareness) that is built for our digital social space today and tomorrow. + +Seriously, **lead dev is flying to LA tomorrow** after starting this coin in what looks like a basement just a couple weeks ago. If that doesn’t have moonshot written all over it, I don’t know what does, but it’s been teased time and time again that we’ll be **seeing him in some videos with some giant influencers** which should accelerate HappyCoin into the mainstream. + +So enjoy being a part of a token that has already built relationships with several major mental health organizations, has already **secured a WhiteBIT listing,** has a **Certik audit on the way,** and has generally taken every right step to be more than the sea of trash that seems to keep filling and copying these successful business models ineffectively. + +Presenting a **strong buy signal at a $13M market cap,** I wouldn’t hesitate as the WhiteBIT listing will introduce this token to a whole new sea of buyers, invigorating some new hype that should flood the coffers. Also coming is a **video how-to tutorial to help convert all of these YouTube and TikTok normies into BSC**, which should help expand the entire market as a whole, another forward-thinking move by HappyCoin. + +CG, CMC, still on the way with another huge donation going out this Friday, don’t miss it. Check it out while you can still **buy the fucking dip.** + +[Website](https://www.thehappycoin.co/) + +[PancakeSwap](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +[Telegram](https://t.me/happy_coinTG) +What has only been a few months in this bull run has already seemed to be an eternity for those who were with us here in January or earlier. Binance Smart Chain has brought on a flurry of action and the meta has shifted time and time again, leading to our current memecoin dominated market. + +Which is all fine and good, people love gambling in bull and bear markets, that will never change as serotonin is hardwired into our limbic system, but it certainly has made everyone wary as we continue to reach new heights. + +Still, with **ETH clearly on a moon mission to $10k**, it seems we have time before that inevitable top signal, this bull run likely continuing through this summer and at least through till the ETH July update. After all, we’ve seen about 3 or 4 “top signals” this bull run, but the 2017 bull featured 9 at least. + +So, we can expect the legitimate memecoins (I know that sounds ridiculous, but look at DOGE and tell me that coins with that level of market cap are anything less than legitimate) to continue mooning and for this market to press on, new buyers entering everyday. Imagine when the DOGE normies (that’s what they are at this point) start moving their memecoin holdings onto SafeMOON and down? Volume, volume, volume. + +So **HappyCoin, skyrocketing to an 8-figure market cap and 30k+ holders leading to a CEX listing in record time,** seems primed to be a fixture in the crypto space. Doxxed dev about to fly to LA to create larger influencer connections to pair with a weekly donation livestream that keeps gaining traction, this is the exact kind of project with the exact kind of branding (positivity, raising mental health awareness) that is built for our digital social space today and tomorrow. + +Seriously, **lead dev is flying to LA tomorrow** after starting this coin in what looks like a basement just a couple weeks ago. If that doesn’t have moonshot written all over it, I don’t know what does, but it’s been teased time and time again that we’ll be **seeing him in some videos with some giant influencers** which should accelerate HappyCoin into the mainstream. + +So enjoy being a part of a token that has already built relationships with several major mental health organizations, has already **secured a WhiteBIT listing,** has a **Certik audit on the way,** and has generally taken every right step to be more than the sea of trash that seems to keep filling and copying these successful business models ineffectively. + +Presenting a **strong buy signal at a $13M market cap,** I wouldn’t hesitate as the WhiteBIT listing will introduce this token to a whole new sea of buyers, invigorating some new hype that should flood the coffers. Also coming is a **video how-to tutorial to help convert all of these YouTube and TikTok normies into BSC**, which should help expand the entire market as a whole, another forward-thinking move by HappyCoin. + +CG, CMC, still on the way with another huge donation going out this Friday, don’t miss it. Check it out while you can still **buy the fucking dip.** + +[Website](https://www.thehappycoin.co/) + +[PancakeSwap](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +[Telegram](https://t.me/happy_coinTG) +Long time lurker, decided to create an account. You guys have been absolutely amazing and I CANNOT discuss this with my current friends/family due to the disparity of income. + +I am a 37 year old attorney, married, one child, who recently made partner at a profitable firm. When I graduated in 2012 I had 100k+ in student loans and was making peanuts. Since joining this firm, my income has absolutely skyrocketed. Here's what I've made in the past four years before taxes: + +* 2016 - $400,000 +* 2017 - $600,000 +* 2018 - $850,000 +* 2019 - $950,000 + +For 2020, total compensation will be 1.5 million, including partner distribution. + +I have $980,000 in cash/CDs and $300,000 in 401k, and on paper I own $1.5mil in shares of my firm (buyout amount). I would like to follow the index-fund route but do not want to invest yet because I'm terrified of an over-inflated market. Student loans are paid off. + +We live in the same house since 2012, which we purchased for $350,000, now worth $500,000. The home is small and we are running out of room. I'd like to upgrade but am very cautious about over-indulging. On paper I can afford a $4-5 million home but I'm not about to jump into that kind of commitment when my revenue is based on one stream. I was thinking looking in the range for a 1.5-2.5 mil home. + +My wife and I have told no one about the increase in income and we have not noticeably increased our spending - no fancy cars or flaunting our wealth. Our closest friends and family have noticed an extra vacation here and there but that's it. We are weary of what's to come when we finally make a lifestyle adjustment. I think the purchase of a new home is going to come across as a shock to everyone we know. + +The money has had its psychological toll as well: I recognize this is AMAZING money, but I look at it with suspicion and think it could all go away at any time. I'm terrified that the second I buy a home something horrible will happen w/ a job loss or the housing market falling out. + +Can anyone offer some advice? When did you finally feel comfortable purchasing the dream home? When did you feel that you saved enough? Are there any pitfalls I should be aware of? +I bought some VDHG shares a few weeks ago at $61.70 and would like to return them and then buy them for their current price of $60.22. + +Can anyone advise the best process for doing so? +My first ever bad trade happened 2 years back when I bought WPL for around $36, now it's $23. Lost about 7k (and still counting cuz I'm holding) on that trade and everything went downhill from there. At one point I reached 63% losses overall. + +Few months ago a found this sub and and recently I've been inspired by a few DD posts and meme stocks here. LKE, IHL, PEN, LOT, CXO and NVX pretty much turned my daily portfolio losses into gains. + +Thanks r/ASX_Bets and members +Hello everyone- I am 23 Years Old and I won a really big jackpot at the casino. + +After taxes I am roughly getting that amount. + +This is life changing for me and I wanted to see if anyone else had some suggestions for me- the first thing I did was talk to a financial advisor and he is preparing a presentation for me on Tuesday. + +This was my plan; but if anybody else had any better ideas PLEASE enlighten me!! + +$379,000 + +$200K to Brokerage Account - Never Touch ( Will Compound until Retirement ) +$20k Daughters College Fund (2Yrs Old) +$38,000 Car +50k to Parents (A lot I know but their in debt. ) += $308,000 + +$71,000 left for me to live off of and save for future investments? + +I plan to max out IRA & ROTH IRA every year aswell. + +Please any suggestions- I am expecting it to be paid out soon. + +Update: Thank you EVERYONE- I really am reading everybody’s comments and taking everything into consideration! Please share your wisdom! Your comment can help change my future so please share (: + +_______________________________________ +Update: 11:31AM + +Some context; I worked two jobs as a manager of a casino at night and at a bank in the morning. 😢 my goal was to make $100k a year to pay off debt, and invest in real estate. I’ve done six years in the army aswell. I was literally working 80hours a week with little sleep. After I won I decided to take some time off from the Casino Industry as I’ve done that for years and I know I will always have a position. I prefer the 9-5 lifestyle the bank provides especially with my daughter. I have a heavy financial/management background; but no formal education. My current major is Bussines-Law + +_______________________________________ + +Update: 9:20 PM + +Thank you everyone again- I have read everything and have decided to Definitely put more into my Fidelity account; but ONLY AFTER I have researched everything intimately on all the knowledge the community has given me. In the meanwhile I can sit on it. + +There is Definitley a lot of self education but I have a lot of time and freedom afforded to me. The majority consensus seems to be that financial advisors are the devil 😅😂. + +I deleted the part about me looking into mobile homes; because I now plan to use Private Lending with Real Estate to do quick flips with an experienced and trusted partner in the industry that I learned from before early when I was 20-21. (Their portfolio is already in the millions in RE and they have always been a mentor to me.) + +I also plan to utilize my VA Loan to leverage my 0% Down- and Rehab- and Live and Flip while renting out some of the rooms. After Two Years; Cash Out Refinance- and use more of the capital for more rentals and rehab. 😊 + +With everyone’s advice I am able to Both SECURE my future through the use of Stocks and Compound Interest; as-well as BUILD further through positive cash flow from Real Estate to expand my portfolio and get the best from both worlds. + +Thank you everyone for their time and details they have provided. I have a lot to learn- but I am motivated 💪. Thank you all- and as more answers keep coming; I am reading everyone of them (: so thank you for taking your time to assist me. It is truly appreciated. +It isn’t much but I know it’s $2 I didn’t have to work for. Next goal is $10 a month! Onward! Currently have: $AAPL, $T, $TSLA, $V, $GS, $JPM, $MSFT, $O, $APLE, $KO, $BAC, $JNJ, $TSM, $MA, $VOO, & $AXP. +Hey guys. I’m an absolute rookie and jumped on board what feels like way to late. I want to learn as much as I can to earn as much as I can but also be educated with the decision I make. + +Basically what I’m getting at is I’m just wondering if there was any courses or qualifications you guys sort out or studied to become educated in the world of crypto. I’ve watched so many videos and read report, articals and blogs. I’ve reached out to friends and family but still only have a vague idea and would love to know of something abit more professional to study. + +Thanks in advance ! + [https://www.bloomberg.com/news/articles/2020-11-13/herding-by-naive-robinhood-traders-may-be-good-signal-to-short?sref=xTkgnLSf](https://www.bloomberg.com/news/articles/2020-11-13/herding-by-naive-robinhood-traders-may-be-good-signal-to-short?sref=xTkgnLSf) + +&#x200B; + +from buying the dip to surfing the tech surge with options, an investor following the Robinhood crowd this year would have a lot to feel good about. + +Provided they didn’t follow too long, that is. + +Users of the millennial-friendly app -- the first to offer commission-free trading -- are more likely to chase popular stocks with extreme performance. The result is herding that ultimately becomes a drag on those companies’ returns, according to the latest [academic research ](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3715077)into retail investing. + + When Robinhood users pile into a stock in large numbers, the average excess return on the day surges to 14%. But this is followed by a reversal of nearly 5% over the subsequent month, a new paper found. + + + +The thinking is that in seeking to make investing easier, the platform’s slimmed-down interface could be resulting in concentrated trading in the most “attention grabbing” shares. That increases the chance of herding which can lead to big market reversals. + +“Robinhood users are more subject to attention biases,” wrote authors including behavioral finance pioneer Terrance Odean. “The combination of naïve investors and the simplification of information is associated with herding episodes.” + +Robinhood was at the center of Wall Street drama this year as the young fintech firm stirred up an investing [frenzy](https://www.bloomberg.com/news/features/2020-10-22/how-robinhood-s-addictive-app-made-trading-a-covid-pandemic-pastime) amplified by Covid-19 restrictions and stimulus cash. + +As retail volumes spiked, even professionals started tracking the activity of Robinhood’s 13 million users in a hunt for fresh trading signals. To do that they relied on data from Robintrack, a website that provided updates on retail stock demand, on which the academics also based their calculations. + +One idea from the academic world: A strategy of selling a security after a herding event and buying it five days later delivers a 3.5% return and nearly double that for more extreme scenarios. + +In fact, the researchers say there’s good reason to think hedge funds are doing some version of this, since they observed a spike in short interest among shares bought heavily by Robinhood traders. + +[Read more: Robinhood Users Weren’t as Reckless as Portrayed During Rally](https://www.bloomberg.com/news/articles/2020-09-29/robinhood-users-are-a-bit-less-nuts-than-you-were-led-to-believe) + +It’s familiar territory for two of the paper’s co-authors. Odean at the University of California, Berkeley, and Brad M. Barber at the University of California, Davis have previously [documented](https://faculty.haas.berkeley.edu/odean/Papers%20current%20versions/AllThatGlitters_RFS_2008.pdf) a tendency for individual investors to buy stock darlings. + +In the case of Robinhood, they argue it’s even more extreme, since many users are first-time investors on a platform that offers frictionless trading and only limited information. For instance, users buy equities on the app’s “Top Mover” list more aggressively than other individual investors, meaning they’re more likely to trade extreme losers as well as winners. + +“How information is displayed can both help and hurt investors,” wrote the team, which also included Xing Huang at Washington University in St. Louis and Chris Schwarz at the University of California, Irvine. “The simplified user interface influences investors decision.” +This is a silly but I hope relatable thing I wanted to share in the hopes it might help some folks. I came into money quickly in my 30s when I sold my first business. In my childhood we were poor, and I was financially independent from age 16. So coming into money rapidly was awesome but not without its challenges. It takes a while to fully 'settle' in. One of the last (and latest) things I had to do was give up being curmudgeonly to my kids about their wastage of ketchup and mustard. Somehow, my kids using too much ketchup was an irrational symbol of some threat to my financial security. Did I mention it was totally irrational? Finally I came to realise that fighting the overuse of ketchup was futile and ridiculous and that it was not at all a threat to anything. But there was a subconscious part of me that took a little too long to realise that. I finally 'let go' when I told myself "We could buy a million bottles of ketchup and it would have no appreciable affect on our financial security..." + +Just me? + +(And before you mention it, my kids eat healthy, we don't even use ketchup that much). +Use common sense and be careful what you communicate to tenants. + +https://www.sandiegouniontribune.com/business/real-estate/story/2020-04-09/san-diego-landlord-to-tenants-nobody-really-has-a-legitimate-reason-not-to-pay-rent?_amp=true +As the title states. My mother is an elderly immigrant woman and retired with a monthly income of around $7300 a month. She collects SS + Pension and rental income. The property is paid off and she occupies one unit. She would like to take some equity and purchase another property, or sell and purchase and put a down payment on another property. What's better? If she goes with the latter, would there be a problem since her only income after selling would be the SS + Pension? What do you guys recommend she do? + +&#x200B; + +Sorry for the vague details, I am clueless on RE investing but would like to receive some opinions and help her out. +A new ETF designed to bet directly against Cathie Wood’s flagship fund comes not a moment too soon for her growing band of skeptics. +All eight of the exchange-traded funds at Wood’s Ark Investment Management dropped in July and almost all have seen net outflows, with a day’s data still to be gathered. +With a clutch of speculative tech stocks including Spotify Technology SA falling out of market favor, the US$22.5 billion ARK Innovation ETF (ticker ARKK) is now trading in the red for the year. It’s a reversal from the standout performance in 2020 that earned Wood both fame and a mountain of assets. +Now ARKK is the target of the Short ARKK ETF (SARK) that will deliver the daily inverse performance of the famous fund, according to a Friday filing to the U.S. Securities and Exchange Commission. +Basically, I’m currently employed and considering leaving my job for a number of reasons. I’ve just received an offer with a new company. I made the unfortunate mistake of giving a salary range before learning about the new company’s benefits, and I definitely undersold myself. The company just gave me a formal offer with a salary at the bottom of the range I gave them. It’s about a 12% increase from what I make now, but I’d be losing some pretty fantastic benefits. I don’t really feel like I can complain, but truthfully this would be a lateral move. I plan on negotiating, seeing as this isn’t enough to get me to move. + +Now, my current company has just given me a bonus of $5k, but it won’t hit my account until the end of the month. If I accept this offer I’m almost certain they won’t honor the bonus and I can’t blame them. Would it be unprofessional to mention this bonus in my negotiations with the new company? Or should I stick to talking about the benefits? + +Delaying my start date doesn’t feel like an option seeing as I’d have to delay it almost 6 weeks to avoid giving my notice before the bonus is paid. + +EDIT: Thank you guys for all the encouragement and advice! I thanked them for the offer but told them truthfully what I needed to make the move worthwhile. Fingers crossed. + +To all the folks recommending I just hang around till the bonus is paid and leave without notice—my industry is fairly small and people move around a lot, so there’s a good chance I’ll end up working with some of my current colleagues again in the future. Burning bridges isn’t really my style and it’s definitely not a smart move in my case. +In through the nose, out through the mouth. Deep breaths now, you got this. You didn’t spend all those hours on the shitter reading DD to turn into a pack of jibbering conspiracy theorists at this point in the game. You owe it to yourself to get alllll your shit in a bag and fucking compose yourself. You think Ryan Cohen is looking at this sub with pride in his eyes right now? Fuck no he isn’t, and you know the worst part....He’s not even Angry, He’s just Dissapointed! + +Wash the conspiracy theories out of your ears. Take a step back. Compose yourself. +Follow the example of Greater Apes. +You’ll be alright 👊🏼 + +Edit: For everyone saying Rensole and Warden shouldn’t be mentioned in the same capacity as DFV and Burry. Seriously go fuck yourselves, I guarantee those two have spoon fed you more valuable info over the past few months and put more wrinkles on those smooth brains than DFV or Burry have directly. Easiest way to spot a shill?Look for users trying to force a wedge into a community by hyping some people up and putting others down. Hopefully the mods see that in some of the comments below 👍🏼 + +Edit 2: This post made a lot of people happy. Good apes, good shills or bad shills, I’ll never know. But I do know one thing, 💎 🙌 🚀 🌝. + +Edit 3: You guys do know this was just a thought I wrote down while sitting on the shitter at work? Calm down, also hello fellow Reddit Reader Poopers. Enjoy your #2 +I am probably highly biased because I am Korean, but I think there are more opportunities to be had in Korea over the US right now. +My screener shows me that there are a ton of profitable net net stocks in Korea right now. Aside from net nets which I'll be on the look out for, out of the bigger caps I am currently focusing on DB HITEK which has been constantly growing FCF and has a fortress balance sheet with a pe of 3 and a pfcf of 2.79 with roa roe and other margin ratios all growing +The reason DB HITEK fell to a 52 week low was because of a pending split-off of its most profitable section which was recently canceled. +I need to do a deeper dive on this company (havent read the annual reports yet), but the financials look fantastic. I was trying to avoid semiconductor companies, but I guess I'll have to learn asap over a meal with a buddy who works in the industry haha +Negatives: + +\-EPS decrease from 3.88 to 3.67 this quarter + +\-Weak guidance of between 3-11% revenue increase + +\-Reality Labs lost 10+ billion + +\-Expenses increasing faster than revenue + +\-Number of users is stagnant + +Positives: + +\-FCF increased from 9.2-12.5 billion this quarter and 23-38 this year + +\-Spent 20 billion on share repurchases and shares outstanding decreased over 3% YOY + +\-Revenue increased 20% this quarter and 37% this year + +\-Ad impressions increased by 13% and price per ad increased 6% this quarter + +&#x200B; + +Overall, seems like the core business is quite strong. The metaverse expenses are increasing, but free cash flow is also increasing. FB is trading after hours at about $250, so this gives a PE of roughly 18. Seems like a great price for a company with good growth, strong balance sheet, and committed to serious buybacks. +Indian bonds have declined in tandem with a slide in the rupee. The currency is now hovering close to a record low against the dollar as elevated commodity prices stoke inflation and boost the subsidy bill. The options market is pricing in a 64% chance that the rupee will weaken to 82 per greenback in the next six months from around 79.6 now. + +&#x200B; + +To make matters worse, yields are already facing upward pressure as the government seeks to sell a record 14.3 trillion rupees ($180 billion) of bonds. + +&#x200B; + +[https://economictimes.indiatimes.com/markets/bonds/indian-bonds-will-suffer-most-in-asia-in-a-us-recession-scenario/articleshow/92868083.cms](https://economictimes.indiatimes.com/markets/bonds/indian-bonds-will-suffer-most-in-asia-in-a-us-recession-scenario/articleshow/92868083.cms) +[Continued from Book 2](https://www.reddit.com/r/Superstonk/comments/qxbzim/moass_the_trilogy_book_two/) + +&#x200B; + +https://preview.redd.it/m9wfl9urk5181.png?width=847&format=png&auto=webp&s=77f3041791b2a7a5e784a852ff8516ae655cb4ca + +# Part V: Deja Vu + +So now what you've all been waiting for... + +**Section 1: A Look Forward** + +Quick Recap + +* **We own the float** +* The November - January cycle has **not one but three** ETF gamma exposure dates, two of which represent the **largest amount of exposure on GME throughout the entire year** +* GameStop is significantly more illiquid now than last January the buying, holding, and registering of the float have pushed the bid/ask spread on GME to the limits and the stock is **ripe for a squeeze** +* This illiquidity means when MM, APs, and SHFs need liquidity to hedge massive price movements there is none available at market +* Retail owning open contracts forces the MM to hedge. If they do not and those contracts are pushed into the money, and/or exercised **there are no shares available for them to deliver**. They must increase the price to create liquidity (supply held means demand must be raised) + +We are about to enter another November - January cycle so let's look at what we can expect if the mechanics at play this last year hold true. + +Let's first look at what could happen if they roll. + +**ROLL CYCLE** + +[Possible Nov - Jan Roll Cycle](https://preview.redd.it/io286e77m2181.png?width=2453&format=png&auto=webp&s=03bcfb9a45a9f92b5fe50179eca91049f187d52a) + +**FAIL CYCLE** + +[Possible Nov - Jan Fail Cycle](https://preview.redd.it/svrupu7im2181.png?width=2449&format=png&auto=webp&s=bc693e1e44d6036c35b1accbf03acffacef7305f) + +A day-by-day repeat of last Nov - Jan cycle, scaled to current price. + +[January 2020 on repeat](https://preview.redd.it/96r0ow93ky081.png?width=2461&format=png&auto=webp&s=697de5fcec59b24e060e6ff7a654071b7fd15608) + +Smooth Version + +[Simple breakdown of Roll V. Fail](https://preview.redd.it/ov3z5qaemy081.png?width=2455&format=png&auto=webp&s=cbc779bca94714be6137e7837593dd90f1b4d592) + +*^(\* These price targets are theoretical, upwards movement on GME is difficult to predict because of the wide bid/ask spread. These examples are to show movement only. At any point during this outside factors like FOMO, announcements from GameStop, or regulation could accelerate the process. This simply defines the movements expected on GME due to the underlying market mechanics presented in Book 1 & 2.)* + +So as you can see here it doesn't matter which route they go the end result is nearly identical a massive amount of price improvement on GME (there are advantages to each for the shorts which we will discuss later). + +**Section II: Illiquidity & Buy and Hold** + +This entire cycle is defined by this last January retail did something nobody ever predicted, in their anger at the system and fuckery that had taken place between January 27th - February 2. + +Hundreds of thousands of individuals bought the dip, and not only that dip but every single day since retail has bought shares. Retail bought the shares, they bought the synthetics, they bought the float and then they bought more. + +Why? + +They, liked the stock. + +Then recently they started registering them, which serves to exacerbate the narrow conditions under which the short positions are already forced to operate. + +This ownership of the free float of GME is what allows us to see this entire cycle play out each quarter as liquidity dries up it becomes more and more obvious. + +[GME Price moves inverse to it's volume traded](https://preview.redd.it/yr3k3o10ty081.png?width=1618&format=png&auto=webp&s=4524af251222920fefc70d5c263acd599230457e) + +DRS accelerates this effect. + +[Increased slope of both \(+ price\) and \(- volume\)](https://preview.redd.it/wrma2a1rty081.png?width=1618&format=png&auto=webp&s=b6cddc8690f1d9c127a3a413b1f6f6d46bf4ab61) + +And when FTDs come due after a failure to roll forward the futures contracts we see the effects on those T+35 dates when SHFs are most desperate for shares + +[FTD spikes multiplied by DRS ](https://preview.redd.it/956flurnuy081.png?width=1780&format=png&auto=webp&s=946a45eda2023473850bd205f1069874493d68fd) + +So we are starting to see some data that supports the case for DRS in the market. + +So with Buy, Hold and DRS already pushing the cycle to the bleeding edge what can retail do to push it over the top. + +# Part VI: The Final Straw + +**Section 1: So what if retail is more like DFV?** + +What would this cycle look like If contracts were carried through the full range of the exposure on these cycles? + +>***\*remember last year retail's options were cash-settled before the FTD settlements were complete*** +> +>*\*I have been asked by the mods of this sub not to promote collusion or market manipulation. I will do my best to abide and respect this forums rules.* + +If retail had held contracts dated further out and the MMs had been forced to continue hedging those contracts through their exposure dates then Last January would have looked a lot more like this. + +[Had retail been holding more contracts further out the hedging and internalization would have had to continue much longer and we would have run into the the ETF exposure date in late February at a significantly higher price point. ](https://preview.redd.it/98e5b34h0z081.png?width=2459&format=png&auto=webp&s=c5a9b21367ca019854d91ecdc8fcde02e45f4eb0) + +>I want to note here that this means that shutting the buy button off right before retail could FOMO into the following weeks (February 5th) calls, means that act was likely pre-meditated and well thought out, probably more nefarious than indicated in the SEC report. By cash settling large numbers of contracts before the exposure over the next T+2 days and cutting off retail buying simultaneously, they ensured their gamma exposure would be minimal the following week and that enough liquidity would be generated to allow them to settle FTDs. **The timing was perfect.** + +The opportunity was present again in June + +[But due to the share offering many options were once again cash-settled. This subsequently led to ETFs re-balancing GME at a lower market cap and thus caused more selling. This liquidity \(\~12m shares\) allowed diminished FTDs in the September roll cycle. ](https://preview.redd.it/l83w4oov1z081.png?width=2446&format=png&auto=webp&s=be5469a5552e7ecfbb5e8585369fd318a8879c8c) + +But all that is behind us and 3^(rd) time is the charm right? + +So let's be like DFV I think scaling his position will not be market manipulation but simply a look at what his position would look like today and it's effects. + +So DFV had April 16, 2021 $12c, on this same day of last years cycle GME was trading at $12.46. + +When DFV bought these in late 2019 they were seriously OTM, but the exposure during this cycle made him a millionaire, and an absolute fucking legend. + +If everyone had FOMO'd into late dated far OTM options at the beginning of this cycle last year January would have looked a lot more like this + +[They would have remained exposed to a significant amount of open interest and be forced to continue to hedge into their gamma exposure. GME's market cap would have remained high and it's weight in ETFs would have increased. If this didn't directly cause MOASS the exposure from ETFs\/GME options on February 24th would have. ](https://preview.redd.it/0vaf1ijj6z081.png?width=2449&format=png&auto=webp&s=0bc0f5640196f50b496580b1175683327bb0db84) + +>This thesis points to this is all happening again... So if GME experiences the same Climb this year as last, and instead retail holds and exercises far dated contracts ( beyond the January exposure). We create can create our own margin call and our own MOASS. + +[As we see here in this earlier figure if last years price action is repeated exactly GME can peak at around $8000 dollars. ](https://preview.redd.it/o6q2colf7z081.png?width=2461&format=png&auto=webp&s=1d0f43a8213e6076e79875bfe6d541d77536b93a) + +This means that basically every option now matter how far OTM **should** increase far beyond the value of exercising it. + +So the closest example I currently have of a contract mirroring DFVs position is an April 14 460c, 2022. When DFV bought his 12c GME was trading around $6, so $12 was about 100% OTM. + +Currently an April 460c costs 21.25 or $2,125 and is 100% OTM. + +If even 10% of the price action expected occurs and we test $954 on January 25th, this contract would be worth $69,416 + +https://preview.redd.it/ajvyh7rzi2181.png?width=1059&format=png&auto=webp&s=99be417c073df62ad0c86326fc6a7497fd9b7c95 + +**The cost to exercise this contract $46,000** + +so for $2125, that's 21.25 per share. Someone could potentially obtain 100 shares of GME. + +People holding these contracts through the exposure dates and then exercising at the moment the MMs and SHFs are weakest, they can call the margin themselves. + +[January calls miss the most significant part of Options and FTD exposure which occurs between late January and Early February. ](https://preview.redd.it/3f9vsw7pdz081.png?width=2452&format=png&auto=webp&s=7900648bb2a542df8b6ff04de8fb200dc89217b9) + +&#x200B; + +https://preview.redd.it/fflbzwbkl2181.jpg?width=747&format=pjpg&auto=webp&s=865466af7066108251092af29576e1f548b9ee6d + +**Section 2: Exercising** + +So I want to clear up some misinformation regarding exercise and present a couple strategies + +**Strategy One: Cashless Exercise** + +Most American brokers offer some from of this and It almost always requires that you call and speak with a representative or the options desk/trading desk. + +Essential what happens here is your contract is exercised by the brokerage and then shares are sold to cover the cost of exercise. + +So using our earlier example of an April 14^(th) 2022 $460c $21.25. + +@ a test of 300 on January 25th with IV + 100% the contract value would be $69.38 or $6,983 and can be sold to buy 23 shares at $300 + +@ a test of 350 on January 25th with IV+100% the contract value would be 118.46 or $11,846 and can be sold to buy 33 shares at $350 + +@ a test of 500 on January 25th with IV +538% (same as last January) the contract value would be worth $462.69 or $46,269 and could be exercised for 100 shares of GME. At only $40 ITM this contract could be exercised for the full 100 shares. + +The upfront cost $2125 + +Ok that's great but what if nothing happens? + +If by January 25th nothing happens and we remain at 230 with no price improvement (sideways) the contract will be worth $8.56 netting the holder a loss of $1,269. + +**The 2 for 1 Strategy** + +This is my preferred strategy for buy options on this cycle I intend to buy them in even lots (2/4/6/8) + +This way on a run that surpasses my options strike price by 100% I can sell 1 call and exercise the other with the cash from the first and this way I only lose 50% of my IV value as opposed to 100% with a single contract. + +That means any contract that exceeds 100% of it's strike value, you can sell 1 and exercise the second. + +So if you have 2 x 250c and the value of the contracts hits $250.00 then you can sell one exercise the second and also capture half the additional value from the sold contract. + +For 4 x 250c you can sell 3 at a value of $83.33 + +So for example a $250c for FEB 18 2022 is worth 32.25 currently. + +with 4 contracts totaling $12,900 you could reasonably obtain 100 shares of GME the current market value of which is $22,900 for 100 shares. + +**The Average Down** + +I know many people cannot afford far dated calls even out of the money and so the strategy to profit has to become a bit more complex, this strategy is a bit more high risk but when you have a smaller amount of capital you generally need to take more risk. + +Say someone where to purchase a FEB 18 510c current value 11.80 You could sell this contract on every run outlined in this cycle and use that addition capital to buy back in on the dip. + +Potentially multiplying your initial capital 4x over the course of the cycle and this compounds. + +so here is an example. + +[By buying the dip and selling the peak that initial investment could multiply significantly by the final run. ](https://preview.redd.it/rv7bl6aqd2181.png?width=2455&format=png&auto=webp&s=a1a2343214caeef3db6b5d3d5a9d4ee7f636b4c3) + +Say someone plays it safe and takes profit at 200% (very conservative) that initial $1,180 could grow like this. + +1,180 --- 2,360 --- 4,720 --- 9440 + +at 300% profits + +1,180 --- 3,540 --- 10,620 --- 31,860 + +Now if you factor in increased leverage on each buy netting extra contracts per run and 300% profits + +1x contract 1180 --- 3x contract 3540 --- 6x contract 31,860 --- 12x contract 1,146,960 + +This highlights how quickly that initial investment can grow if the profits are continually rolled forward into more leverage. + +**(This is not a recommendation to buy these contracts, they are simply used so that I could calculate the data accurately, the range of strikes and dates that apply in this situation are nearly limitless, and should be based on each individuals risk tolerance and preference)** + +# Part VII: Disclaimer + +There are many opportunities to profit on this cycle and greed clouds judgement so I will reiterate something that should be heeded. + +# If you do not understand options this is NOT for you, buy and hold is the only thing that makes this possible. The value of GME shares should increase exponentially, you have your moon tickets, hodl! + +# For those of you that do understand what I am presenting here the opportunity not only for profit, but likely the essential catalyst for MOASS is outlined very clearly in these three DDs. + +# The risk for long calls is the premium paid for the contract you cannot lose more than you spend upfront, but, you can lose all of what you spend up front. Never spend more than you can afford to lose, nothing is a guarantee and money can be lost just as easily as it is made. + +# Part VIII: Conclusion + +So tomorrow we enter the T+2 period for gamma exposure on the GME monthly options and ETF quarterly options. + +We closed $30 above max pain meaning that a significantly larger portion of the options chain is in the money. + +I expect GME will see some fairly significant Gamma Exposure not only from it's monthly expiration but from ETF quarterly expiration as well. + +My conservative price targets for the upcoming exposure that should finalize by close on Wednesday is $250 -$280 given our current floor. + +If you read through all this then you understand a dip is possible tomorrow as it will serve to drop the price and shake people out of options that were purchased for Nov 11/26. The benefits for them are twofold. + +1. The have fewer open contracts to hedge while covering this weeks exposure. +2. People cash settling options will also reduce their exposure for next week. + +So if you bought contracts for a run this week as I'm sure many did, they are cheap and retail likes cheap options remember that they have till Wednesday to cover exposure. + +I will continue to discuss this DD and give as much information and insight as I can over the next few months on my [Livestream during market hours Monday - Friday](https://www.youtube.com/channel/UCYmgi8psSbIWiSR2tefHbug). + +On here when I can but the messages pile up. + +Further reading, watching, confirmation, and correlating theories. + +**I highly suggest you delve into these as well to gain better insight.** + +[Book 1](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +[Book 2](https://www.reddit.com/r/Superstonk/comments/qxbzim/moass_the_trilogy_book_two/) + +u/Zinko83's Volatility, Variance, and Dispersion, Oh My! (a great look into the effects of Volatility Hedging) + +u/Turdfurg23's The ETF Money Tree + +[All of my stream clips for the last several weeks](https://www.youtube.com/playlist?list=PLLZAlefVs0gKFMRbLBVK9rRPMkuFexGZ1) (sort by date) + +[Interview with Houston Wade where I lay out this Theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +a huge thanks to my Quants for helping me with all this research over the last 5 months. + +and u/criand and u/leenixus for helping break through some of the misinformation surrounding options. + +Finally, I want to thank all of you. The people of this community every ape that pushed me to complete this DD and get the word out there in time, my viewership for their words of encouragement and support, even when I was wrong. Without all of you I never would have had the motivation. + +I hope everyone takes the time to read through these, and understand what I'm presenting. + +See you tomorrow... + +🦍❤️ + +\- Gherkinit + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +If interest rates are the "price" of money and it's liquidity, shouldn't it be set by the market instead of a central authority? How is the control of interest rates any different from any other form of price control (which I was taught creates inefficiency)? +The things is, they started being bad for many things, not just crypto. + +They are getting paid to scam their fans, and they are scumbags on this planet. + +How many times we saw videos on youtube, tiktok or any other platform with coins or tokens that are going to skyrocket and you should get in ASAP? + +How many of those same youtubers, tiktokers etc. got rich because their tehnical analysis is amazing and they share knowledge that we should be thankfull about? + +They are promoting risky, or sometimes even non existent coins and tokens. + +People who are just getting into crypto are sometimes listening to them, investing blindly in what they say and lose money. And later they may think that crypto is a scam, right? + +**THEY SHOULD ALL GET SUED!** + +**Examples:** + +\- [Kim Kardashain promoting EthereumMax](https://decrypt.co/73601/kim-kardashian-is-shilling-ethereum-max-too-what-is-it). Of course, one of the highest payed athlete Floyd Mayweather needed more money so [he jumped right in to do the same thing](https://edition.cnn.com/2022/01/12/business/kim-kardashian-floyd-mayweather-crypto-lawsuit/index.html). Something (I don't even know what the hell it is) that was even without whitepaper + +\- [Soulja Boy](https://www.benzinga.com/markets/cryptocurrency/21/05/21337044/soulja-boy-accidentally-reveals-how-much-he-got-paid-to-promote-crypto-project) did the same thing to his fans, while revealing how much money he would get for promoting it + +\- [FaZe clan doing pump and dump](https://www.businessinsider.in/cryptocurrency/news/faze-clan-pump-and-dump-crypto-scam-gets-kay-kicked-off-and-three-others-suspended/articleshow/84063180.cms) + +*Moon, Mars, NFTs, we are all going to be rich, we are all going to be millionaires.* + +Get out of here. +I praised BTC in the past so many times because it introduced me to concepts I never thought about, but this recent news of billionaires joining the party got me thinking. Since when are the people teaming up with those that are the root cause of their problems? + +Now I know that some names like Elon Musk can be pardoned for one reason or another but seeing Michael Saylor and Mark Cuban talk Bitcoin with the very embodiment of centralization - CZ Binance... I don't like where this is going. + +Not to mention that we all expected BTC to become peer-to-peer cash, not a store of value for edgy hedge funds... It feels like we are going in the opposite direction when compared to the DeFi space and community-driven projects. + + +As far as I am concerned, the king is dead. The Billionaire Friends & Co are holding him hostage while telling us that everything is completely fine. This is not what I came here for and what I stand for. I still believe decentralization will prevail even if the likes of Binance keep faking transactions on their chains and claiming that the "users" have abandoned ETH. + + +May the Binance brigade have mercy on this post. My body is ready for your rain of downotes and manipulated data presented as facts. + + +**Massive WINDY UPDATE** + +Hey everyone! What is going on? Yesterday we spoke about some of the updates that WindSwap was releasing but today we have a little more clarity. It turns out the event will be held at Sunday 8PM UTC (this is when the DEX updates will go live) in a little over 35 hours. + +WindSwap has met huge milestones over the last month- + +Coin Market Cap ✔ + +CoinGecko ✔ + +Advanced Charting ✔ + +Working DEX Platform ✔ + +Staking is now available ✔ + +Upgrade Of Website + Telegram Bot ✔ + +🔥 + Limit Orders Coming Soon.. 🔥 + +And more on the way soon... + +As you can see from the dex.guru or poocoin chart, it is looking BULLISH. We arrived at 9K Telegram members today, and the market cap is still less than 10m. + +**Why should I invest?** + +I did some research about DEX tokens, and you can fundamentally divide them into two categories. Those who do deliver and those who don't. So far, the WindSwap team has delivered on every promise they made. Therefore, I believe wholeheartedly and logically that the market cap is absurdly undervalued: 10M for a working DEX market cap. To sum it up: + +* Low Market Cap - Currently just $7M +* Rug Proof - 80% of Tokens are using for liquidity on Pancake Swap (99% Liquidity Locked on Unicrypt) +* High Organic Growth +* Holders are rapidly growing + +**What Makes WindSwap Unique** + +Windswap offers a comprehensive set of tools to assist our users to have a smooth experience when they transact tokens online. WindSwap already provides a live and fully functional exchange platform which can connect to popular wallets like Meta Mask, Trust Wallet among others and comes pre-loaded with a list of tokens that can be exchanged. + +WindSwap allows you to trade nearly every BEP-20 token on the BSC network. We are now creating interactive real time charts, smart limit orders, due diligence (‘rug checking’) tools, and a cross-chain bridge capability to convert TRX or ETH network tokens to the BSC. + +**Why only WindSwap and not others?** + +The WindSwap team has offered us some things they wanted to implement. They are highly active in the telegram group. Here is a list of things they are working on as we speak: + +* Slippage slider **(Already in**) +* Cross-chain swappin +* UI Improvements **(This Sunday)** +* Charting tools (**Already in**) +* Automatic Slippage +* Limit Orders **(Within Next 2 Weeks)** +* Due Diligence / Rug Checker + +**In a Nutshell:** + +A fresh competitor on the DEX market with highly engaging and secure features, with a token that rewards early adopters through the aggressive early-on, cycled burn pattern. By the time the burn cycles are completed, (50%)+ of the features will be there for you by the end of MAY. They are not aiming for a quick buck. Instead, they aim for a good product that will be active in the market for years to come. + +**Links** + +Contract: 0xd1587ee50e0333f0c4adcf261379a61b1486c5d2 + +Tokenomics Explained: [https://windswap.finance/branding/What-is-WindSwap.mp4](https://windswap.finance/branding/What-is-WindSwap.mp4) + +Bscscan: [https://bscscan.com/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://bscscan.com/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +Buy here: [https://app.windswap.finance/#/swap?outputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://app.windswap.finance/#/swap?outputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +Chart: [https://app.windswap.finance/#/chart](https://app.windswap.finance/#/chart) + +Liquidity Locked: [https://unicrypt.network/amm/pancake/pair/0xb6EC86562E0cd125b4a1586036b6f13D47Fd09B6](https://unicrypt.network/amm/pancake/pair/0xb6EC86562E0cd125b4a1586036b6f13D47Fd09B6) + +Discord: [https://discord.gg/8guFEsrJ](https://discord.gg/8guFEsrJ) + +Litepaper: [https://windswap.finance/whitepaper/litepaper.pdf](https://windswap.finance/whitepaper/litepaper.pdf) + +Telegram: [https://t.me/windswapmembers](https://t.me/windswapmembers) + +Site: [https://windswap.finance/](https://windswap.finance/) + +Coingecko: [https://www.coingecko.com/en/coins/windswap](https://www.coingecko.com/en/coins/windswap) + +Coin Market Cap: [https://coinmarketcap.com/en/currencies/windswap/](https://coinmarketcap.com/en/currencies/windswap/) + +DEX: [https://app.windswap.finance/](https://app.windswap.finance/) +As stated in the title, we are looking to buy a starter home. Eventually, we would like to purchase land and build ourselves a forever home. We are having arguments on how best to approach this because we have a couple of options. + +Option 1. We buy a low-priced home, live and pay off as much as possible then move and rent it after 3 years. Then we use that passive income to start paying for the land and then it could help pay for our build. So once the forever home is complete we move in and now we have 2 rental properties helping financially. + +Option 2. We buy the starter home, save for a piece of land first then get a loan for the forever home. Once that is built we would rent out the starter home and maybe get more. + +Some of our goals are to bring generational wealth to our family, built a custom forever home, and be financially stable while doing this. So with all that said, would a Financial Planner help us decide which route is better. Do you have any advice? We want to ensure we are setting ourselves up for financial stability. + +&#x200B; + +**Update**: Thank you everyone for the advice. I did want to add that we could stay living with his mother but we are choosing not to because it's hard on our relationship. We are giving it the rest of this year but we are working hard to get things ready to move out. +Hello everyone, I’m new to this sub and I’m quite interested in investing in quantum computing. This [article](https://frontierresearch.com/quantum-computing/?r=1) piqued my interest and I was wondering if this is a good time or if it’s still too early. So some backstory, 6 months ago I saw Honeywell International (HON) mentioned in relation to quantum computing. That got me looking more into the topic, as I had always thought QCs were decades away. But apparently, companies are already developing small quantum computers for commercial use (beginning of another Moore’s Law??). + +I’ve browsed different stock-related subreddits but I don’t see this topic mentioned often. That also makes me wonder whether it’s still too early for QC-themed investments or whether people are just sleeping on it. I’m already invested in big tech companies like Amazon or FAANG stocks in general, so I’m really looking to add stocks with higher long-term upside. + +Any suggestions or advice is appreciated! +I'm 32 with a net worth of 12MM, my partner and I do not want children, very early adopter of crypto. I quit working for the sake of income 5 years ago and since have started a business that's more for the love of it than the relatively very small amount of profit so I still consider myself retired. + +I feel like I have these huge blind spots because I don't have any peers that are even close to my financial situation to share ideas and tips with. I more or less live the same life I did when I earning 60k/year at 27 and haven't learned about any of the doors that may be open to me now with a few exceptions in the crypto world. + +I don't have a CPA, a financial advisor, or really any of the resources that I imagine people who worked up to 8 figures through employment or running a large successful business would have. I don't know how to even find a CPA that is highly skilled and could save me more money than they cost or a financial advisor that is fee based that I can trust, those all seem to be word of mouth. I can't even get a mortgage for a house despite showing 700k in income on my taxes last year because none of it is the kind of income banks seem to recognize but I know(Through this sub!) people are finding ways to get mortgages by setting up trusts to generate recurring income. + +I've always been frugal and a saver with the goal of retiring early, but I thought I'd be doing a fairly lean fire in another country. I don't feel like someone worth 12 million, It's just a number on a screen but I'd like to start leveraging it and planning for a better future for myself and my loved ones. + +Having been an entrepreneur my entire life I know very well that building your team is crucial to success and I've realized I haven't built any team of experts around my own financial situation. + +How does one go about finding mentors, advisors, and other professionals that can open doors and offer guidance? Is there a manual that everyone else at this level of wealth has received that they could send me a copy of or something? ;) + +Thanks! + +Edit: I'm extremely grateful for all the feedback, advice and positive comments. I now have many different avenues to explore to start getting more connections and resources to ensure continued success. Thank you! +What seemed like a coordinated attack on the discord and sub to silence us and momentarily drive the price down after hours is all the proof I personally need to see to know how much higher this can rise in the coming days. They are scared. + +The shorts have only themselves to blame. They were given life lines and extra capital to escape their positions. But instead they use that money and opportunity to double down. + +They call us names and make it seem like we are bandits, when in reality we are your brothers and sisters, aunts and uncles and so on. There is nothing malicious about liking a stock and buying and holding it. + +In fact, CNBC and other outlets encouraged the young generation to start investing and tell us the stock market is the greatest creation of wealth possible. + +But when we do, they don’t like us getting it right. They are the pool sharks at the table and they just want us to play to get our money. + +Hold strong in your convictions and if you’re in a certain stock remember why and do not let emotions take over. When you do, they win and you lose. And trust me when I say, we do not get a bail out. + +Hold strong! + +Positions: 160 shares GME + +EDIT: I have rang stepchange we worked out a budget and what I could pay roughly as 1 option. I will most likely go along with this. Thank you for all your useful advice and help it means alot. + +I was abit worried I'd just get comments like it's your fault go fix it etc but for the most part you have all been great and gave me really good advice that I need to go and take away with me and have a read. + +The rest of you who basicly wasn't even worth your time posting I hope you don't do this to other people some people are alot more serious in mental health issues and some of your comments could lead to someone going and killing them self. + +After all that stuff with mental health in the world should think about how you say things + I just finished working my first busy tax season. When I got hired my boss said at the end of tax season he gives out a 'little bonus', I figured it would be about $200 and forgot all about it. Yesterday just right after midnight my boss called me into his office and the check was on the desk. I saw the amount and my knees buckled, I immediately started to cry. I dont rememeber what exactly I said but something along the lines of 'are you serious?' I kept crying for at least 2 minutes while my 2 bosses and the other associate laughed a bit. Im 34 with 2 preteens and last year I finally completed my bachelors in Accounting after about 13 years of taking classes on/off. This was my first accounting related job and Im so happy. I cried all the way on my drive home. I just wanted to share. + +Edit: i never initiate a post and realized after posting that the headline is misleading..cant edit the title sorry! + +Thank you for the well wishes and the awards! +I recently got a $2 hour raise at work. I was putting $25 weekly into my portfolio in dividends... yes not much but it's better then nothing. I recently put it up to $75 weekly. Can this relatively small amount really do anything to build a decent portfolio. I am kinda new to this so please don't tear me up. I've been buying into QYLD mostly but I also have some QYLG, KO, RYLD, and just recently got some GOF. I started with $1250 into it to get it started. I have DRIP setup on all the ones I hold and when I get paid I decide which ones u wanna buy that week. I am partial to monthly dividend stocks but not opposed to quarterly either. I just like knowing I can gain more position every month off my dividend payouts. + +What would you recommend? Which stocks and how much of my pay should I be doing into it? My bring home is around $900-$1400 weekly depending on OT available and how many side jobs I can do. + +My bills are roughly 2k a month. I just don't want to over extend myself and not have enough saved to make it thru my layoff period in winter. I don't plan on ever selling any dividend stocks... I rather like to think of them as "free" cash flow and putting my money to work for me + +Any help is appreciated +Hey, + +I’m currently working a full time factory job (38 hour weeks, $23 an hour), and up until recently, basically all of that was just going up my arm/blasted into alcohol/cigarettes/other substances/gambling. + +I’m trying to actually do something with my life now instead of taxing my body quite heavily, so I want some tips on how I would do so. + +As it currently stands, I’ve got a few debts (in total around $2000, the repayments of which are roughly $400 a week all together), I don’t pay board or lodgings, and my only real expenses are $10 a day for food, and maybe $60 a week on cigarettes. + +What’s my best approach for creating a sustainable financial future for myself? + +Thanks. +Hey guys, I created a website that helps valuate stock using discounted flow and price to sales model so please have a look. Also, since this is my first website, so if there’s any suggestions to add additional features feel free to let me know. I look forward to reading your comments, Thank you! + +[Stock valuator](http://www.stocksvaluator.com) +This could aptly be titled "The Evergrande Excuse". + +*Beware of because* is an old idea. I didn't invent it. It's one of those slippery biases we fall for, being human and all. Psychologists have even performed studies and found people more readily accept an answer followed by a *because reasons* regardless of whether those reasons are the least bit sensible. + +Each and every time the market has a unusual run up or down, *because gets trotted out* by the hundreds of financial press writers. It's a universal scourge. WSJ, Barrons, Fortune, CNBC, Marketwatch, Bloomberg, Kiplingers... you name the publication. + +Can't blame them really. People want everything to have a simple reason, and stories sell subscriptions. + +It's not enough that the market might have gotten way too far ahead of itself and supply is beginning to outweigh demand. There has to be a narrative. There *must* be a devil and that devil *must* be external. + +So next time you see "the market went down because <insert boogieman>", use it as an opportunity to train your brain. *Beware of because.* +I’m the classic case of missing so much of this bull market [or melt up] due to the widely warned perils of market timing. In late 2019, seeing all the over valuation signs and money printing going back before covid I was already largely in cash. I felt vindicated when the crash hit and I was 100% in cash. Then I felt pretty dumb when I only went in with around 20% of my powder in mostly growth and tech stocks at what ended up being exactly the bottom and was too cautious without putting in more. I didn’t expect and couldn’t believe the subsequent meltup up and bought some more stocks on the way up but I remain 70% in cash even right now. As I sit now, most of the other invested portion is in individual stocks with mostly March 2020 margin of safety, and two huge plays (by my standards) in BABA and GRWG just recently. Between these new buys and all this waiting I entertained myself and probably wasted $1000 on spacs and crap before those plays lost huge starting feb ‘21 and now they sit as bag holder reminders. + +This brings me to here and now. Confirmation bias sought, listened to Jeremy and all other bubble watchers and my value roots remain patient but my speculative side is grumpy we didn’t buy the dip on this last dip or deadcat bounce? + +They say the end of a bull market is when the last bear throws in the towel waiting for the irrational market to end during wild exuberance. + +I didn’t launch my bazooka these recent chances as I think the pain is just starting. I held out and I hope I was right because I been staying strong for so long and can’t keep missing gains much longer. I still have 70% in cash and keep reminding myself what happened if you bought the top in Japan. If you study that example it was a few years and like the 5th rate increase and totally different situation for that crash to finish. I know this is very different and they believe in the magic of modern monetary policy. Sometimes I question being so convicted while everyone else is crushing the gains, there are a lot of smart people who aren’t doing what I am. + +The plan is to hold out for the major asset bubble in the USA to deflate. Maybe it will all pay off as I’m more experienced now and ready to deploy my bazooka when the time finally arrives and I have the patience to keep waiting as it seems like it’s all playing out like I feared it would sooner or later. + +Is anyone else Still waiting? + +Staying Patient with my bazooka +- there are many like it, some are certainly bigger….. but this one is mine +So I've never been above the poverty line until I'm about to start this new job. I've never made more than $11.50 in my life and I just accepted a job today that starts at $16.20. I'm afraid I'm gonna fall into bad spending habits but I'm glad you guys here have been there to help me through some hard times. + +Budgeting is gonna be hard +My [24M] wife [23F] and I are just getting started with our careers, and we almost have all of our debt paid off. Our credit scores are great, and we could live off of my salary alone fine, but she will probably be making more than me starting in two years once she finishes law school and gets a job. We are both pretty risk averse, and I’ve always been leery of the way Americans buy a $400k house for a 30-year mortgage (pronounced “debt”) and then end up paying much more for that house over that time period. + +So, we have been talking about staying in our apartment for a couple years longer than originally planned and trying to buy a house... in cash. Even if not the whole thing, maybe putting like 60% down or more, and trying to have it paid off within four or five years. To me, it’s about cash flow and getting things paid off as quickly as possible so that if something were to happen to one of us (disability or illness, lose our job, etc), we wouldn’t be screwed and living in a bigger house than we can afford. I’m big on not having debt - it terrifies me. + +I told my friends about it and they thought it was a very dumb idea. They said I should put 20% down or so - however much is needed to get the lowest interest rates possible - and then invest the rest. They said I would get better returns through investing, and it hedges against the risk of your house burns down or property values plummet. I get that, but a) isn’t that what insurance is for, and b) the beauty of owning a house outright is that if the property values plummet and the economy tanks... we wouldn’t really care because we own that house. To me it still makes sense to try to buy a house in cash even if it isn’t the best “investment” decision. + +Thoughts? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +I have a friend who has his own VC fund. He asked if I wanted to purchase share for 650/share with a 3.85% one-time fee plus a 2% management fee and a 20% carry. + +I’ll be honest I’m in over my head. Is it a stupid decision to throw some money at it? +Mods, feel free to nuke this. + +I'm regional. I have a good job. I save 1/3 of my take home pay every fortnight. I salary sacrifice more to dump into FHSSS. Been doing this for 3 years. + +I have no debt/Afterpay to speak of other than HECS. No expensive hobbies. No going out. + +Got off the phone with a mortgage broker and his offer is 100k less than what I need for a entry level property in a shithole suburb. It would have been fine, if regional prices hadn't jumped up in the cashed-up exodus from the capitals. + +I'm struggling real hard every day, breaking my ass to try to save for a house. In the end all I seem to do is keep feeding my bastard landlord more rent money for the properties he inherited from his parents. + +I could go to Sydney or Melbourne for a higher paying job, but all that does is put me back at square one in terms of affordability. + +I feel that the dream for people under 40, or people who don't have help from their parents, is dead in its grave. How are we supposed to have a stake in this society if we can't have one of the most basic needs met? How am I supposed to have kids? Have a dog? Hang pictures without begging my landlord to let me put a hook on the wall? + +I want to give up. + +All I've ever wanted in life was a place to call my own. + +This is a rantpost, but at the same time, I'm genuinely asking how on earth we got to this point, and if I should just forget about buying a home and just flush my money down the toilet. +Newest Members The Enterprise Ethereum Alliance connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. With over 200 member organizations, the EEA is the world's largest blockchain initiative and we've recently welcomed over 80 new members! + +8base Inc. + +ADS Securities + +**Advanced Micro Devices (AMD)** + +Amberdata + +Ambrosus Technologies GmbH + +American Family Insurance + +Apical IT Solutions Ltd + +ArcBlock Inc. + +Artisan Productions, Inc. + +Asset Token + +B9lab Ltd + +Berkeley + +Beyond Manufacturing + +Bitdegree Blockchain Learning Foundation + +bitfly gmbh + +BKX Corp + +Blockchain Association + +Blockchain Research Institute + +BLOCKSKYE INC + +BlockTech Ventures + +BlueMeme Inc. + +Brane Inc + +CharityStars.io + +CipherTrace + +Circularise B.V. + +Coinvest + +Comae Technologies + +Confideal Limited + +CountyBlock + +Crowdz + +Cryptica Capital + +Current + +Digital Treasury Corporation + +Element ASA + +Epiq Systems, Inc. + +**Ernst & Young (EY)** + +Eth Capital Asset Management & Hedge LLC + +EUPSProvider s.r.o. (Worldcore) + +FedChoice Federal Credit Union + +Golden Gate University, Law School + +HADE Technologies LLC + +Hefei Institutes of Physical Science, Chinese Academy ofSciences + +HM Government of Gibraltar + +Hodlion.com + +identitii Pty. Ltd. + +IGNATIUS COBB + +Indian Blockchain Council + +Industrial Technology Research Institute + +Innodata + +**Kaspersky Lab** + +Law Offices of Nathan Mubasher + +Marquette University + +matrics.io (formorly Frost Fire) + +Monetha GmbH + +MTRM Industries Ltd. ("Mattereum") + +NAFCU + +Oaken Innovations, Inc. + +OriginTrail Ltd + +Peregrine Foundation + +Petroteq Energy + +**Pfizer** + +Quisitive + +Ripio International Ltd + +**Royal Bank of Canada** + +SEAL Network + +**SK Telecom** + +SmartKargo + +SmeSavings + +Spherik + +Steptoe & Johnson LLP + +Tesla Foundation + +The Abyss + +The Ananas Foundation + +The BlockchainHub + +The Institution of Engineering and Technology + +thecoinlab ltd + +Transcosmos Inc. + +TransformationWorx + +UnionBank of the Philippines + +United Traders + +UNIVERSAL COIN INTERNATIONAL INC + +Viberate d.o.o. + +XAIN AG + +XinFin Fintech Pte. Ltd + +Zap + +Zenoic Pty Ltd +CNBC’s Jim Cramer said Friday that professionals on Wall Street are taking advantage of amateur investors by bidding up beat-up but popular stocks like airlines in premarket trading. + +“It’s a game. If it weren’t securities, let’s say it was monopoly, let’s say it’s Draft Kings ... it would be so much fun,” Cramer said on “Squawk Box.” “Pick a couple of stocks, you gun them in the morning, and then you hope people are stupid enough and they buy them.” + + +https://www.cnbc.com/2020/06/12/cramer-thinks-wall-street-pros-may-be-playing-a-game-with-amateur-robinhood-traders.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard + +For the new investors: If the money is important to you and you can’t afford to lose it, buy great companies, and hold them, or you WILL lose money in the long run. Trying to time the market and dance in and out of positions is like the following analogy: Imagine playing a slot machine, except the casino is watching you, and they can hit a button to make you lose when ever they want. They can also hit a different button to let you win a little, in order to embolden you so that you bet more, and then hit the button to make you loose money. +Hi + +My wife and I are about to get a nice payoff from a small company we invested in (\~1.5M after tax). We are in our early 50s with two kids and their colleges already paid for. We have a nice nest egg (\~5M in various stocks). + +I grew up poor and my father worked his ass off and was always petrified of debt. I inherited some of this from him and as we near retirement I think about this alot. The only debt we have is our mortgage with a very good interest rate. Payoff on the mortgage is about $800K, value of the house is likely $1.6-1.8M. + +We expect to stay in our home forever. I realize the best financial decision is likely to take the money and invest it but my mind keeps telling me how nice it would be to not have a mortgage. Thoughts? +What’s everyone’s approach on the decision to opening a position in a company? Other than hearing about it from someone on Reddit or yahoo and then looking the charts and seeing an uptrend through time. Some questions I have: + +Q1: What does it mean if a company is overbought or undersold? And how do you find that out? + +Q2: How does a P/E ratio work and is it a good or bad thing if it’s high compared to its competitors? + +EDIT: if someone could link some informative videos explaining how to read the spreadsheet of a company that would be fantastic. Been watching lots of different ones but as someone with a learning disorder it’s hard to find one that clicks with my brain sometimes. Thanks I’m advance. +For those that have losses (relative to purchase price, not ATH) in ETH, if you were offered a one-off opportunity to have the loss compensated (i.e. your ETH purchased from you at the price you purchased it originally), but only if you agree to never again purchase any ETH, would you take the offer? + +[View Poll](https://www.reddit.com/poll/a5tb9w) +Applied for a 15L personal loan, got approved after verification and whatnot. This is to supplement my funds for education abroad. + +Now, the interest rate I was offered during the application was 13.25% per annum. + +Now, post approval, I got a call from my HDFC bank loan relationship manager and she said she could get my interest rate down to 10.99% (among the lowest for a personal loan -- she said that was because of my good credit history and monthly earnings and whatnot), BUT ONLY IF I buy a 'Loan Protection Insurance' that they are selling (funnily, that was from ICICI Lombard lol). + +So, my question is this: Should I take it? The one-time insurance premium she quoted was something like 16000 INR, and in the long-term (the loan is for 5 years), I will end up saving money but I was still skeptical about the whole thing, so I wanted to post here. + +What's this sub's opinion on this? +Hi, I would love to actually make a living while analyzing companies the value investor way. + +I don't want to be an asset manager, I want to be an analyst. + +I have no trouble working hard to one day get there but I don't know if such opportunities even exist. + +When I look for jobs, they all require financial modeling, Excel, data science. + +Is not that I don't like those things, I work as a programmer actually. It's just that I don't think they are valuable work for investors. I want to work in the down-to-earth, cerebral fashion of classic value investing. + +What are your opinions? Is it possible? What should I strive for? + +I am 24, Bachelor in Business Management from a reputable Latin American University, I speak five languages including Chinese, and I have published investment analysis articles already. + +EDIT: I didn't mean to offend anyone that enjoys using Excel and mathematical models for investing. It's just that I think an excess of financial modeling and DCF obscures most of the uncertainty inherent to the investment process. + +Value investing is not about exactly pinpointing the future and your risks, but roughly estimating them and asking for a discount on capital for those estimations to carry a margin of safety. + +That's why complex mathematics is bad for investment. Models give the idea of certainty when one has to have the opposite mindset: the future is uncertain, inherently. + +My point, however, is that I don't want to work with that. What I like is reading SEC filings to the smallest detail, investigating the company websites and all the info I can find about the company, its competitors, its lawsuits, its managers, etc. + +What I meant with "cerebral" was more "of qualitative nature, rather than quantitative". That is, obviously containing numbers, but only as rough estimations. I like more working with concepts, learning about business models, history, cultures, and then taking very qualitative conclusions from all that knowledge. + +I don't know if that job exists. If I had to give it a name it would be something like forensics? Li Lu has referred to it as akin to being a reporter. + +EDIT2: [Just take a look at Li Lu's books recommendations](https://uploads-ssl.webflow.com/5ef3c7300432b40ed865991a/5f08fb64066bae2514ad82da_Li%20Lu%20Recommended%20Book%20List.pdf) . Not a single mention to any mathematical related book +Surely you all have a quote that has stuck with you along your investing journey. One of my favourite quotes has been from -Mohnish Pabrai “Heads I win, tails I don’t lose much”. I am interested to hear what quotes have left a lasting impact on you. Drop them below please and thank you in advance. +Good friends of /ETFs, chiming in as someone rather new to investing; I'm curious if there are any strategies for ETFs portfolio mixes that have the potential for 5 to 10 year growth or dividend payout potential. + +Pardon if this seems like an amateur question. Earnestly looking for ways to put my money to work for me. + + +Thanks for the thoughtful replies in advance! +My friend's relative asked for help with getting a good enough laptop to start trading, so I looked into it and people have multiple thousand pound/dollar setups. Why is trading so intensive? I've seen recommendations or get graphics cards with 4gb of vram and honestly I'm confused why it's necessary. Can someone explain why? +https://www.usatoday.com/story/money/2018/01/23/millennials-1-6-now-have-100-000-socked-away/1053803001/ + +I thought this article was interesting... + +> Millennials are pushing back against the stereotype that their money management skills are lacking, as 16% now have savings of $100,000 or more, double the amount of young people who had socked away that much in 2015, according to a new Bank of America survey. + +> The perception that Millennials — Americans between the ages of 23 and 37  — lack savvy when it comes to saving for retirement, budgeting and setting up and sticking to a financial plan is showing signs of being outdated, noted the survey, made available exclusively to USA TODAY.  + +> Despite many of these young Americans coming of age a decade ago during the worst financial crisis since the Great Depression and despite being saddled with high student loan debt, Millennials appear to be getting their financial lives in order and taking money matters more seriously. + +> Sixteen percent say they have $100,000 or more in savings, up from 8% in 2015. And nearly half (47%) have $15,000 socked away, up from 33% in 2015. + +> "Despite stereotypes of Millennials as being foolish with money and not long-term planners," they are actually behaving "quite responsibly" when it comes to money, says Andrew Plepler, global head of environmental, social and governance at Bank of America, summarizing the findings of the bank's 2018 Better Money Habits Millennial Report released Tuesday. "They deserve more credit. Millennials are actually doing better than you — and they — might think." + +> About two of three (63%) of Millennials surveyed say they "are saving," which is in line with 64% of Generation X but shy of 75% of Baby Boomers who set money aside. + +> More importantly, 54% of Millennials say they have a budget, with nearly three of four (73%) saying they stick to the budget each month. And another 57% say they have a "savings goal," which is higher than the 42% of Gen Xers and Boomers who say they are saving with a goal in mind. + +> Those better habits are translating into more sizable account balances — and more financial security. + +> About 60% say they "feel financially secure." + +> "Their financial habits have become more disciplined," Plepler says. "They've built it into their lifestyles." + +> Aside from saving for an emergency, which 64% said was a "top priority," half (49%) said saving for retirement and a third (33%) said saving to buy a house were their top savings goals. + +  + +> Other key findings of BofA's Millennial survey, however, suggest this young generation still suffers from money-related angst and that there's still room for improvement in their cash-management skills. + +> The top financial "stressors" of Millennials, according to the survey, include: + +* Not saving enough (35%). + +* My career path (24%). + +* Not planning and saving for retirement (21%). + +* Not being able to afford a home (20%). + +* Health costs (19%). + +* Student loans; spending more than I should; credit-card debt; not having enough to invest; losing my job (17% for all). + +> One potential challenge for Millennials saving for retirement is the fact that one in four (26%) say they work in the "gig economy," or take on short-term contract work or freelance work. That means they likely don't have access to an employer-sponsored retirement account, such as a 401(k), and, as a result, they have to save on their own. + +> "These gig workers have to be more intentional about their saving," Plepler says.  "The findings of our survey are encouraging, however. Millennials are taking much more proactive steps around saving. But this is an issue we have to monitor." +I feel like with /u/deepfuckingvalue being positioned as the figurehead of the $GME movement and the 'if he is still in I'm still in' crowd that some people may feel betrayed if he decided to sell his whole position and take profits. + +Just remember that when DFV was buying $GME at prices as low as $4 per share he wasn't signing up for the 'diamond hands never sell' club and he never got into the play for reasons like smashing hedge funds, curing cancer etc. That stuff has all come about from us and people jumping on the bandwagon. + +WSB before this crazy week that has changed the sub forever was all about taking on risk to try and make money fast. DFV has achieved that on a scale we haven't seen before and if he decides to take profits we should support him doing so and not get upset that it may affect the price etc or say he betrayed a cause he never signed up for. + +If you've watched the guys youtube you will know he's an extremely nice and likeable guy, would hate to see people calling him judas or whatever if he decides to sell. +Hi good people, sometimes it feels really frustrating paying 42% away of the salary just because I'm single! At this rate even jumping jobs doesn’t make a significant amount of net salary difference. How do you guys accept and live with it? + +Details, I'm an ex-pat working in Germany in tech. Earning kind of the bottom level of salary that puts me in the 42% tax bracket (includes insurance and others). While the same salary yields a lot more for my married friends, for me even an increase of salary ends up almost to half of the gross salary when converted to the net! Sometimes I feel like getting married and having a child is a better option (just joking). I understand that it's a social system, but it sometimes feels too much and de-motivating to strive for more. How do you guys cope up with such thoughts? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +The $FCF team has won the Crypto Innovation of the year at the dubai crypto expo! FCF PAY is changing the way the world spend and earn cryptocurrency. + +The team has been approached by big entities in dubai and currently have dozens of massive deals on the table. + +Major mainstream marketing campaign signed up with the Chambers group (they represent over 50 household brands) + +FCFPay is live and functional, merchants/freelancers/stores have started using it! FCFPAY is the first cryptocurrency payment gateway of its kind. It allows merchants to accept any cryptocurrency as payment! + +Partnership with Everly Market is rolling out this month. Fcfpay will be integrated in their network of merchants in the USA. + +Discover our Revenue Sharing Token Ecosystem! (RST) A real world product(FCFpay) that keeps fueling our investor token $FCF! + +$FCFpay integrates with the two biggest e-commerce platforms – WooCommerce & Shopify. But FCFpay doesn’t stop there… The flexible API allows it to be integrated into practically any existing payment system, even in physical retail stores! In fact, a large proportion of the first merchants to use it will be physical stores. + +Imagine paying directly with crypto! You can nowshop online or in person, and spend your crypto gains without having to send them to the bank or use a “crypto credit card” that is actually just swapping your crypto for fiat. Crypto is about to fulfill its true purpose as the CASH of the internet! + +Fcfpay allow you to buy flowers with BNB and order food with Cardano (or any other crypto)... just about any combination you can imagine, and all without requiring you to use a traditional offramp, such as a centralized exchange. + +This will allow FCF to unite the $4 trillion-dollar online shopping industry with the cryptocurrency world. This unification positions FCF to lead the way towards mass adoption and secures the future of FCF as an essential crypto technology! + +That’s why their motto is “EMPOWERING CRYPTO”! + +$FCF was already listed on 4 exchanges over a period of just 4 weeks! LBANK, HOTBIT, COINSBIT AND LATOKEN… and there are more to come! + +The payment gateway will incentivize adoption by featuring a fee structure that is lower than PayPal and credit card processing companies. + +Every payment gateway transaction will also induce a buy back and BURN mechanism in FCF, thereby increasing the value of your FCF by reducing the overall supply! + +$FCF rewards holders with BNB dividends based on trading volume (5% of each transaction goes to the dividend pool and is distributed proportionally) AND from a portion of transaction fees once + +FCFpay is launched. Yes, you will earn dividends on every payment gateway transaction! This safeguards your investment from bear markets by establishing a second source of dividend revenue! Imagine receiving a portion of the $4 trillion-dollar e-commerce industry simply by holding FCF! + +Become an FCF affiliate! Earn a stream of income of 0.1% off every transaction processed through FCFpay for 3 years upon having a merchant implementing FCFpay with your affiliate link! + +Refer your friends and family to purchase $FCF token with transactions over 1500$ and earn 1.5% of the transaction as a commission and have the new investor get a 3% refund! + +Register for your affiliate ID code here: [https://affiliates.frenchconnection.finance/?RefID=MQU8Wm](https://affiliates.frenchconnection.finance/?RefID=MQU8Wm) + +As a great cherry on the cake, FCF is launching its 2nd platform on the ecosystem! FCFPoker, Web3 poker that integrates NFTs and support cryptocurrency payments in exchange of pokerchips. The revenue will be sent in the ecosystem like all the other platforms! + +The Dev is always active and always OVERDELIVERS. + +Dev is Doxxed, KYCd and a Certik audited! + +&#x200B; + +Medium: [https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7](https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7) + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) + +Website: [www.frenchconnection.finance](https://www.frenchconnection.finance) + +Payment gateway website : [www.fcfpay.com](https://www.fcfpay.com) + +NFT Website: [www.Frenchfellas.com](https://www.Frenchfellas.com) + +Contract: 0x4673f018cc6d401aad0402bdbf2abcbf43dd69f3 + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) +How has, for lack of better term, family planning lifestyle creep affected your financial stability post-FIRE? + +I’m in my early 30s and considering the sale of my business which would allow me a 2% SWR at my current lifestyle. + +My wife and I do not have children but we plan to in the near future. While I’m not concerned that we could modify our lifestyle to accommodate for the extra child expenses, I would rather not. :-) + +I’m not looking for advice on my situation - this is not one of those posts. I’m interested in what changed for you when you decided to expand your family after FIRE. +There has been a rapid sequence of contradictory signals regarding the massively hyped tech company that is making a name for itself by claiming to have put together the world's first electric heavy truck capable of dealing with loads over 33,000 pounds/15,000 kg + +On September 8, GM announced a partnership with Nikola, further legitimizing the company in the eyes of the public. + +On September 10, MarketWatch posted a link to a lengthy document published by Hindenburg Research that contains lots of condemning evidence and even goes as far as calling the entire company a "Massive Fraud." + +I must admit I've only read 30% of it so far but it looks pretty bad. What's your take on this? + +**A word of warning**: Hindenburg Research is frequently accused of putting out sensationalist pieces that target particular companies to manipulate the market to their advantage. There have been multiple lawsuits. + +Sources: + +[https://hindenburgresearch.com/nikola/](https://hindenburgresearch.com/nikola/) + +[https://www.marketwatch.com/story/short-seller-hindenburg-alleges-that-electric-truck-maker-nikola-is-an-intricate-fraud-in-new-report-2020-09-10](https://www.marketwatch.com/story/short-seller-hindenburg-alleges-that-electric-truck-maker-nikola-is-an-intricate-fraud-in-new-report-2020-09-10) +Original article: + +https://www.nme.com/news/music/hundreds-k-pop-releases-removed-spotify-worldwide-2890528 + +> Spotify launched in South Korea on February 1, 2021, but did so without music from artists with licensing deals under Kakao M, including IU, Zico and more. + +> Now, releases distributed by the Korean label have been removed from Spotify around the world. Kakao M distributes a large share of Korean popular music, with 37.5 percent of the songs featured on the 2020 Top 400 Yearly Song Chart from Gaon Music Chart under the company. + +[Also on BBC](https://www.bbc.com/news/entertainment-arts-56237626). + +Kakao M claiming it was Spotify removing it: + +https://www.soompi.com/article/1456887wpp/kakao-m-releases-statement-explaining-that-spotify-was-the-one-to-end-their-licensing-agreement + +> [...] later that same morning, Kakao M countered with its own statement, in which it claimed that Spotify had been the one who chose not to renew their agreement, even after a request on Kakao M’s part. + +While this is clearly over compensation, Spotify needs to rectify this asap. From their [own news release](https://newsroom.spotify.com/2020-02-24/from-bts-to-blackpink-the-power-of-k-pop-has-no-bounds/), K-pop is a huge part of why people use their service: + +> Between January 2014 and January 2020, K-pop's share of listening on Spotify increased by more than 1,800%. + +> Since Spotify released its first K-Pop flagship playlist, K-Pop Daebak, in 2014 (and then a massive hub dedicated to the genre in 2015), there have been more than 41 billion K-Pop streams on Spotify. From rising artists to international collaborations, there’s something for both new and old K-Pop lovers on the platform. + +> Top-streamed K-Pop artists on Spotify include BTS, BLACKPINK, EXO, TWICE, and Red Velvet. In 2019, BTS was the first group from Asia to surpass 5 billion streams on Spotify. And, as of February 2020, the boy band reached a new milestone: more than 8 billion streams (8 billion streams!) on the platform. + +If a resolution can't be reached I think Spotify will be in trouble long-term as whatever service picks it up will siphon a significant chunk of users. +A very tiny bit about my backround. + +I worked in private banking and savings and investments for a big bank in the UK and then moved to a competitor in which I worked in ISA investments for some time. + +I have always been entrepenuerial and have for the last few years been out on my own having had enough of banking I ended up getting into GPU mining and running passive incomes through PoW mining and then PoS mining (this is relevent bare with me) + +So currently I mine crypto into my ewallet portfolio and then I run my stocks and shares portfolio. + +In crypto you have 2 ways to create it. + +1: PoW - Proof of work mining. + +This is the physical eletric consuming hardware route. You use this method to unlock the next block in the blockchain (the B coin and the E coin) + +2. PoS - Proof of stake (Staking) + +**(now this is important)** + +This is DeFi - Decentralized Finance. + +This is a non physical way of creating crypto and it is based around the fundamentals that if you stake your asset, you add your funds to a giant liquidity pool in which the more funds in it, the easier the flow of transactions in and out to bounce off other curriences against it. In short you get paid handsomely to be an automatic market maker through whats called 'smart contracts' + +In return for staking your money in these liquidity pools you are paid a live constantly rolling interest payment that works out on average maybe 100% per annum. These interest payments can be capitalized and compounded in your intial investment. + +In other words, whilst you buy and hold a crypto, you are earning a constant high yielding dividend payment on it and still have the ability to move funds in and out without any hinderence or clauses. + +there are several DeFi platforms that are popular like: + +PANCAKE SWAP [https://coinmarketcap.com/currencies/pancakeswap/](https://coinmarketcap.com/currencies/pancakeswap/) + +and + +UNI SWAP [https://coinmarketcap.com/currencies/uniswap/](https://coinmarketcap.com/currencies/uniswap/) + +&#x200B; + +&#x200B; + +**SO YOURE WONDERING RIGHT NOW WHY IN THE FUCK AM I TALKING CRYPTO ON SUPERSTONK?** + +&#x200B; + +[I see what your at Kenny, I se ya buddy](https://preview.redd.it/0xii24b9a2571.png?width=2000&format=png&auto=webp&s=7cac90e8e601f9391df0ba1196ba5bc6612dd120) + +&#x200B; + +When the filing: SR-NSCC-2021-802 was posted I can remember at the time hearing grumblings about crypto not being accepted as liquidity on balance books but had never considered its ramifications. + +please find below some of my findings. + +on page 14 of SR-NSCC-2021-802 April 29, 2021 + +&#x200B; + +[https:\/\/www.sec.gov\/rules\/sro\/nscc-an\/2021\/34-91720.pdf PG 14 ](https://preview.redd.it/se13ie46a2571.png?width=746&format=png&auto=webp&s=9912fa13f4fdcffd7b0d65a1529d41a9bb15f4f0) + +&#x200B; + +&#x200B; + +[https:\/\/www.sec.gov\/rules\/sro\/nscc-an\/2021\/34-91720.pdf PG 14 ](https://preview.redd.it/ooadzkjz92571.png?width=742&format=png&auto=webp&s=b63eabf13080da8d41024afd8320cff7edda69f3) + +&#x200B; + +So in the NSCC filing it defines that the only acceptable form of 'qualifying liquid resources' to include, among other things, lines of credit **without** material adverse change provisions, that are readily available and convertible into cash. + +Now this filing was on april 29th and had 5 business days to be enacted. + +This takes us to May 4th. + +Remember me randomly talking about DeFi UNI SWAP AND PANCAKE SWAP? + +Well have a look at this......... + +&#x200B; + +[https:\/\/coinmarketcap.com\/currencies\/pancakeswap\/ ](https://preview.redd.it/knp62xbl92571.png?width=975&format=png&auto=webp&s=b6fbf88630618801c8eff7634e4c7937e996f961) + +&#x200B; + +&#x200B; + +[https:\/\/coinmarketcap.com\/currencies\/uniswap\/ ](https://preview.redd.it/9qjsb3vn92571.png?width=963&format=png&auto=webp&s=52a252ca5d1e66ca6b25a64d0a3a5fa2d54eca21) + +**you can see volume increases similar to short sold volume on GME : every spike in volume relates to a movement in GME** + +**They were parking their money in places where the daily returns were better than the daily interest costs to borrow the shares** + +&#x200B; + +Nearly all the PoS cryptos peaked on May 3rd evening time rolling into May 4th + +So when did our reverse repo rates kick off, oh go on lets have a wee lookie look and see......... + +Looks like the exponential rocket ignited some time between may 3rd overnight and oh my god May the forth be with you right before Cinco De Buyo day happened. + +&#x200B; + +[https:\/\/fred.stlouisfed.org\/series\/RRPONTSYD# ](https://preview.redd.it/ou630ghi92571.png?width=1168&format=png&auto=webp&s=601fcb2809df51fa1d478744ff8be45e474ff3d1) + +I believe that prior to the NSCC filing being passed and enacted, the SHF have been using DeFi Proof of stake coins to hide a lot of the cash that had been amassed from having sold short soo many shares across the field, not only in GME. + +If you look at the correlation of when the Reverse Repo Rates ignited, it is the same time of this filing, the same time crypto PoS tanks, and the same time that the NSCC enacts the filing to prevent crypto being used as liquid. + +I believe that prior to May 4th, these coins have been the primary location for hiding funds gathered through naked short selling, and prior to may 4th these coins were considered liquid assets on the bank balance sheets. Post May 4th, they are no longer considered liquid but rather assets and so we then saw the overall down turn of the crypto markets. + +I cannot find the specific document but from memory I believe there was further information late apr/early may that procluded that Crypto due to reclassification as an asset rather than liquid would be eligibl for different tax status (commodities/equities taxes i have no idea about sorry) + +EDIT: Timeline added from comments courtesy of u/Taimpeng tyvm kind ape, you rock + +End of Q1/March: DTC/creditors realize this is not going away. + +[April 1st, SR-DTC-2021-005 announced for review](https://www.reddit.com/r/GME/comments/mi3xdt/dtcc_new_proposed_rule_change_dtc2021005/) \- The nuclear option ("MAD"). Would blow up GME shorts and also everyone else in the market running similar scams. + +[April 8th, SR-NSCC-2021-802 announced for review, comments, etc.](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-802.pdf) \- A tactical nuke revealed. By removing the ability to leverage crypto markets *simultaneously for revenue and collateral reqs*, the short position will be unsustainable. + +[April 12th, SR-DTC-2021-005 PULLED (INDEFINITELY) FOR "REFORMATTING"](https://www.reddit.com/r/Superstonk/comments/mpmcyz/good_news_update_on_dtc2021005_according_to_john/) \- With the tactical nuke in place, no need to keep full-scale Armageddon on the table, right? + +[May 4th, SR-NSCC-2021-802 takes effect](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-802-Approval-Notice.pdf) \- Tactical nuke detonation. + +[May 5th+ Overnight repos explode](https://fred.stlouisfed.org/series/RRPONTSYD#). Many DDs suggest the ON RRP is "a liquidity problem framed as a collateral problem". It's both because the tactical nuke hit both. + +TL:DR: + +SHF used proof of stake crypto to churn profits from their large lumps of cash from naked short selling. the SEC said no, not happening. SHF now all of a sudden have all these tendies and no where to park them that they can get safety or high yield profits so they are parking their tendies with the fed. + +Now remember the way I mentioned several dates: + +April 26th: this was the cut off point for NSCC 802 to be contested. It was not contested. + +**R C tweeted on apr 26th that everything was on track** + +April 29th was the date that NSCC 802 would start to be initated to be completed by 4th May + +**R C tweeted on Apr 29th a meme of Mr Hanky** + +APE NOT A FINANCIAL ADVISOR + +&#x200B; + +BUY, HODL, BUCKLE UP + +All of those charts, all those repo spike tendies, all that money across the board is bubbling out of every seem and the ony place it can go is into our pockets! + +CANTSTOP. WONTSTOP. GAMESTOP. +# Olympus - the first, the original. Fuck all the copycats, with zero the skill, zero the hype. + +Crazy clean launch with based devs with a lot of experience driving successful projects all the way back since PCS v1 days. They have the tools necessary, heavy solidity coding experience and the contacts to make this explode and drive us to the moon. Not to mention the 45 strong marketing and mod team behind the scenes that's putting based plans in action. + +**First huge promo is up by the one and only Jay Alvarrez, Insta crypto celeb with >6.5 million followers!** + +[**https://instagram.com/stories/jayalvarrez/2609219766263345739?utm\_medium=copy\_link**](https://instagram.com/stories/jayalvarrez/2609219766263345739?utm_medium=copy_link) + +One thing has become clear as the momentum on the bull run has momentarily stalled with gains wiped off the board while the patient investor bides their time. + +And that is in spite of market conditions, appetites are still strong for the next big thing. + +That’s right, just like how a casino keeps the lights running even when the S&P is short circuiting, the memecoin market keeps turning and **new coins to find** **10x, 100x, 1000x gains off of keep rolling out.** + +So when you find a token that has this level of support behind it **(over 100k+ whitelist subscribers prelaunch, 15k+ members in TG)** and the ability to provide improved mechanics which made **SafeMoon** and **EverRise** explode **(developers of BOG, Gabe, Bingus, all teaming up)**, it’s an easy recipe for success. + +And thanks to the **revolutionized recipe Olympus provides**, all you have to do is buy the token and wait for reflection taxes to return you your investment and more. + +By taking a piece of every transaction and converting the value into **BUSD that gets reflected right into your wallet**, you can collect stables simply by watching Olympus bring in volume. + +As such, this truly is the first token to allow you to win simply by buying and holding. And that’s before considering the **buyback mechanic** that will help Olympus keep its price looking healthy and chart ascending to the gates of holy gains. + +In the steady hands of experienced professionals, expect this market cap to skyrocket following the release of the HUGE marketing schedule in the next 1 week. + +From there, if the market continues to rise, we can expect **$100M to be up next** with the development and marketing behind this project. + +So if you still aren’t in, make sure you join up ASAP. There’s BUSD reflections to be made and with frequent payouts, the **clock is ticking on maximizing your gains**. + +DYOR and don’t play with more than you’re willing to lose, but the **risk/reward with known teams and reputations on the line is a lot better** than what you’re going to see with most new coins out here. + +Telegram: [https://t.me/OlympusOfficial](https://t.me/OlympusOfficial) + +Website: [https://olympustoken.io/](https://olympustoken.io/) +Having paid off my home I am considering buying a second property as an investment but being new to reddit I was surprised to find the massive amount of ire investment property owners draw. Is this a universal despise or specific circumstances? +Took myself and 6 friends for an overnight golf trip. + +13 hour drive turned into a 2:20 flight. + +All inclusive cost = $11,000 for a Pilatus PC-12 + +Well worth it! + +(Me = late 30’s, flyover city in the Midwest, sold a software business, 25MM net worth) +So I've never been above the poverty line until I'm about to start this new job. I've never made more than $11.50 in my life and I just accepted a job today that starts at $16.20. I'm afraid I'm gonna fall into bad spending habits but I'm glad you guys here have been there to help me through some hard times. + +Budgeting is gonna be hard +Hi all, +I’m curious how old everyone is today and what they have saved for retirement? +I’m trying to start saving and would love to hear where people currently stand with their retirements! Thanks! +I’m 36 and have about 50k so far for retirement/ +>"More than 600 reporters from around the world, belonging to 150 media organisations spanning 117 countries, participated in the research for two years." + +>"The Pandora Papers contain 11.9 million files." + +Both quotes from dawn.com (first english site I could find, im swedish and got the news from swedish sites first. +https://www.dawn.com/news/1649824/pandora-papers-about-bigwigs-financial-secrets-due-today + +The International Consortium of Investigative Journalists are behind this exposé and they will release it today, sunday, at 4:30pm GMT. + + +This could be ***HUGE*** guys!! +Apes, keep an eye out for all citadel mentions and juicy gme related stuff! + + +Edit: +Adding the link to ICIJs official tweet +https://twitter.com/ICIJorg/status/1444474822797545476?t=JU0xovhEV5Kg88U8h5hIhA&s=19 + + +Edit 2: +Link to the Pandora Papers webpage on ICIJ website: +https://www.icij.org/investigations/pandora-papers/ +Each year, I keep a summary sheet of my investments, stock, cash, debts, etc. My goal has always been financial independence even though I never realized it until later in life. I just never wanted ANY debt (never paid a penny of CC interest in my life), and wanted to be completely financially secure. + +Throughout the years, I've paid off debt aggressively, starting with the highest % loan first, and made a game of it. I seriously got a thrill out of figuring out how I could either increase my income, or reduce my expenses to put more money against debt each month. + +Just last year, I knocked out my mortgage at age 33. That kicked my savings/investing into high gear, essentially giving me that much more to invest each month. + +Today, when I ran my summary, my total net worth crossed just over the $1MM mark. I have to say, I sure as heck don't feel like a millionaire. I still live somewhat frugally, but thats the life long habit that got me here. + +Anyway, thanks to this subreddit for the constant reminders and tips along the way. I still have a long way to go before I'd consider myself FI, but this is a major milestone I wanted to celebrate with FI (since I wouldn't tell a soul in real life!) + + +# A Nomura Document May Shed Light on the Repo Blowup and Fed Bailout of the Gang of Six in 2019 + +By Pam Martens and Russ Martens: January 19, 2022 \~ + +There are numerous reasons that members of Congress, bank regulators, and mainstream media don’t want to talk about the repo blowup in 2019 and the massive Fed bailout that followed. Economist Michael Hudson previously explained how the Fed lacked authority to bail out a handful of trading houses on Wall Street under the dictates of the Dodd-Frank financial reform legislation. Dodd-Frank restricted the Fed to using its emergency lending powers to rescue a “broad base” of the U.S. financial system. + +As we detailed on Monday, there was no “broad base” of the U.S. financial system being bailed out by the Fed in the last quarter of 2019: 62 percent of a cumulative [$19.87 trillion in rolled-over repo loans](https://i.imgur.com/jWLgqSx.png) went to just six trading houses: Nomura Securities International ($3.7 trillion); J.P. Morgan Securities ($2.59 trillion); Goldman Sachs ($1.67 trillion); Barclays Capital ($1.48 trillion); Citigroup Global Markets ($1.43 trillion); and Deutsche Bank Securities ($1.39 trillion). + +Notice that three of the firms listed above are affiliates of foreign banks (Nomura, Japan; Barclays, UK; Deutsche Bank, Germany.) **Now imagine the embarrassment to the Fed if it was forced to admit that it had to secretly bail out the affiliates of foreign banks for the second time in 11 years because the derivatives of U.S. banks were still not adequately regulated, after derivatives had played a central role in the worst financial crash in 2008 since the Great Depression.** + +All six of the Wall Street trading houses listed above have one thing in common: large derivative exposure. Consider the revelations in the Consolidated Statement of Financial Condition for Nomura Securities International for the period ending March 31, 2019. (As indicated above, Nomura Securities International received the largest cumulative total of repo loans from the Fed in the fourth quarter of 2019.) + +The financial statement shows that Nomura Securities International had total assets of $127.5 billion but potential derivative exposure as follows: (See pages 30 and 41.) A “Maximum Payout” on protection sold on credit derivatives of $14 billion; and a “Maximum Payout” on “derivative contracts that could meet the definition of a guarantee” of $97.7 billion. + +**But here’s the really scary part of Nomura’s pile of derivatives: the name Nomura does not appear once in the report on derivatives that might pose a threat to the U.S. financial system that is published quarterly by the Office of the Comptroller of the Currency (OCC).** It didn’t appear in any 2019 report and it still hasn’t appeared there. We asked the OCC about that yesterday and their response was that they don’t comment on individual institutions. + +**Three of the largest holders of derivatives in the U.S. that do appear on the OCC’s quarterly report just happen to be the trading affiliates of the same three firms that were among the largest six borrowers in the Fed’s repo loan facility in the fourth quarter of 2019: JPMorgan Chase, Citigroup and Goldman Sachs.** + +**If Nomura was a derivatives counterparty to these firms and it found itself on the wrong side of a credit derivative trade, such as the blowup of Thomas Cook one day before the Fed launched its repo bailout, its credit rating could have been in severe jeopardy if this fact became public. A credit ratings downgrade would have likely meant that Nomura would have had to post large sums of additional collateral with its derivatives counterparties.** And Nomura was not exactly in an ideal financial position in the fall of 2019. + +In April of 2019 the parent company, Nomura Holdings, announced it would need to cut $1 billion in costs and close more than 30 of its 156 retail branches in Japan. It had just suffered its first full-year loss in a decade. + +Less than three months after Nomura Securities International had begun to take giant secret loans from the Fed’s repo facility, Nomura Holdings announced that it had named a new CEO, Kentaro Okuda, who was quoted in the Financial Times as taking charge with a “sense of crisis.” + +**There is a strong stench of the Lehman Brothers and AIG derivatives fiascos of 2008 swirling around the news blackout of the Fed’s secret bailouts of 2019.** + +According to documents released by the Financial Crisis Inquiry Commission (FCIC), at the time of Lehman Brothers’ bankruptcy on September 15, 2008 it had more than 900,000 derivative contracts outstanding and had used the largest banks on Wall Street as its counterparties to many of these trades. The FCIC data shows that Lehman had more than 53,000 derivative contracts with JPMorgan Chase; more than 40,000 with Morgan Stanley; over 24,000 with Citigroup’s Citibank; over 23,000 with Bank of America; and almost 19,000 with Goldman Sachs. + +The U.S. government had to take over the giant insurer, AIG, because it was counterparty to tens of billions of dollars in derivatives to Wall Street banks and had no money to pay them. This is a chart that AIG was eventually forced to release. It documents that more than half of its bailout money came in its front door and then was quietly funneled out the backdoor to pay off Wall Street and foreign trading houses. Five of the Gang of Six that were feeding at the Fed’s repo trough in the last quarter of 2019 appear on this chart: Goldman Sachs, Deutsche Bank, JPMorgan, Citigroup, and Barclays. + +**~~It’s long past the time for the Fed to come clean on exactly what happened in the fall of 2019 that caused it to launch its repo bailout facility. Americans will simply never trust the Fed if it doesn’t.~~** + +edit: "***Americans simply never trusted the Fed to begin with."*** u/BlueCoastDoge + +edit2: adding a visual of what the [Derivatives Market](https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/) looks like for those that don't know (warning you may sprain your finger scrolling). u/mtrycz + +edit3: added a visual chart of the [funny business accounting](https://i.imgur.com/jWLgqSx.png) over there at the FED. +In 2023, is Dave Ramsey still relevant? I find some of his advice outdated. It does not make mathematical sense in my mind to ignore interest rates when paying off your debts. + +Is Dave Ramsey for more “emotional” people who need to physically see the debt going down faster? In my mind the logical thing to do is pay off the debt with the highest interest rate first. Think about it… if you have a private student loan that’s 100,000+ with a 9% interest rate, you end up paying so much more in interest if you don’t pay it off fast. + +I also don’t think it’s smart to pay for cars with cash. Or wait until you’re 100% debt free to have investment accounts…. + Spoiler: VTI does not beat VOO. SCHD is the winner over time. + +I have read so many opinions on what ETF is better for growth, dividends, appreciation, etc. that I decided to actually look into what everyone was talking about. This is what I found out and discovered. + +These are a few things stand out to me from this simulation. + +1. Only SCHD and QYLD leave you with the necessary retirement portfolio nest egg ($2.547 million) after 30 years in all 4 scenarios. +2. In even the Bull Case, IDV does not get you to the required retirement portfolio nest egg ($2.547 million). +3. In two of the four scenarios, IDV results in the smallest 30 year portfolio total value and two of the four smallest dividend income amounts in year 30. +4. In two of the four scenarios, DON results in two of the four smallest dividend income amounts in year 30. +5. QYLD has potential for a place in a retirement portfolio (and not just for those retiring in the next 5 years), but that depends mostly on the assumption of their stock price appreciation. + +This is a long post, my apologies in advance. + +Before I begin, I obtained my information from Yahoo Finance and Seeking Alpha for all historical information (dividend growth, stock price performance, dividend CAGR, etc.), I obtained my dividend and appreciation calculator (excel spreadsheet skeleton) from [MarketBeat.com](https://marketbeat.com/) + +, and I obtained current and projected retirement information from [bankrate.com](https://bankrate.com/). + +I will also disclose that I have positions in VOO and SCHD. I had positions in NOBL and DGRO but liquidated them (prior to writing this) in order to buy more VOO and SCHD. I hold no other positions in any other ETFs covered. I hold those positions in a Roth IRA Account. + +My simulations are assuming that this compounding happens in a Roth IRA over 30 years. It also assumes that the entire $6,000 allowed to be invested in a Roth IRA goes to that single ETF. This is not intended to be recommendations for anyone’s allocation, just interesting math. Also, the math is the same for all ETFs, so if you get different values for similar numbers, the results are still consistent relative to each other despite some possible mathematical differences. Also, understand that ETFs are still a relatively new thing to investing, so some of these ETFs do not have the same amount of historical data. I also looked at what your dividend income would be at year 30 of this investing strategy; the idea here would be, this is when you would be getting close to begin actually taking those dividends in cash vs. keeping them on DRIP. + +I also looked at these ETFs vs what your goal retirement income and portfolio value would need to be if you start investing at 30 and want to support retiring at 65. This also assumes you will need $60,000 annual salary in retirement (today’s money, becomes \~$186,000 per year salary when you retire) and an average 3% inflation rate. + +I look at the following ETFs in my backtesting simulation: SCHD, QYLD, DGRO, NOBL, VYM, VOO, VT, VTI, SPHD, FVD, DON, IDV, SDY, and VIG. I run the simulation for each ETF over the next 30 years under the following four scenarios: (Scenario 1) Current dividend CAGR, 8% stock price appreciation; (Scenario 2) Smaller dividend CAGR, 8 % stock price appreciation; (Scenario 3: Bear Case) Smaller CAGR, 3% stock price appreciation; (Scenario 4: Bull Case) Current dividend CAGR, current stock price appreciation (5 yr average). + +I believe that there are misconceptions about “dividend investing” as it relates to younger investors. To put it bluntly, you have a higher percentage chance of making more money over the long run. Dividend investing is not solely for those trying to live off that income now; the power of compounding over a long period of time in fact beats some popular growth ETFs. For instance, by my spreadsheets, one commonly recommended ETF for younger investors (VTI) never beat the S&P500 (VOO) when accounting for dividend growth and compounding. Yes VTI has more average annual stock appreciation than VOO, but only by a very small margin (5Yr of 16.09% to 15.82% and 10 Yr of 14.44% vs 14.45%). VTI also has a larger dividend CAGR (6.67% vs. 6.39%). The only thing that I can attribute VOO’s outperformance to is that it has a higher starting (current) dividend yield (1.41% vs. 1.31%). From my simulations, VTI and VOO always come out to very similar results after 30 years. With that being said, in only the Bull Case do VTI and/or VOO leave you with enough retirement nest egg to retire with the above assumptions using this Roth IRA account alone. + +However, neither of these ETFs even come close to SCHD’s 30 year performance. In every scenario SCHD far surpasses every other ETF except QYLD (more on this below). SCHD’s 5 Yr stock price appreciation (12.20%) coupled with its 5 yr dividend CAGR (14.42%) blows the others away (minus QYLD depending on the scenario). They don’t even come very close. SCHD blows away VTI, VOO, and VT. SCHD gets you comfortably to the required retirement portfolio amount ($2.547 million) in every scenario above. + +Then there was QYLD. They have very limited dividend information as they only started paying a dividend in 2019. So forecasting their dividend growth for the next 30 years is a bit folly. But there seems to be the common conception that QYLD mostly trades sideways; this is untrue. Their 5 Yr average stock price performance is 10.60%, which is not insignificant. Their 30 Yr performance is largely swayed by what their dividend CAGR will be over that amount of time; which is anyone’s guess. Can they maintain their 2018 to 2019 jump in dividend payments of 14.57%? I think not. In my calculations for “Smaller CAGR,” I assume a CAGR of 0% for QYLD. It is there that we see what I believe is closer to accuracy over the next 30 years. + +I am not a financial advisor, and all this is the result of me being curious about what people are saying and if it actually has basis in math over the long run. Read and heed at your own risk. After all, anything to do with investing in the stock market is risky. + +Open to discussion on this commonly discussed topic. + +Edit: Linked spreadsheet is [here](https://drive.google.com/file/d/1kHBkEKLHz2y-KeGk2RZekLYtSrBNkLQy/view?usp=sharing) +It was just announced that home appreciation in the US for the year ended February 2022 was **19.8%**. I wonder if any of those who decided to **sit out** the “crazy” market, or those geniuses here who were recommending that course of action here a year or more ago, are willing and mature enough to now **admit they were wrong**. I won’t hold my breath. + +Stock market pushers are fond of saying index funds have averaged 12% annual return since the Depression or something like that. I do not believe those claimed returns, but that sort of discussion is for another Reddit Group. + +But I do want to note that you sometimes also read that the **average annual return does not mean every year**. Those articles rightly point out that the **average day or year is a much lower rate of return**. The higher overall average stems from a **handful of lurches upward**. Those articles usually say something like, “If you were in the S&P 500 on these 61 days and no others, you would have gotten 90% of the increase in your stocks that those who were in the S&P 500 for 75 years got. + +In other words, being in the stock market or owning a home is not profitable because of the run-of-the-mill year. You profit from being in the market for decades because that means you were there **when the relatively few boom times occurred**. Now look at the covid era. I think it may have been the biggest U.S. home price boom ever. The early 2000s were also a big boom but then it collapsed for reasons that are not present now—the SubPrime crisis. + +Those of us who generally make it a point to own a home got the benefit of the recent boom. Those who **sat out** the market **missed** its best ever lurch upward. + +I have been buying residential real estate since 1969. Every year I bought, as here at this Reddit group, many people told me, “**now is not the time to invest**.” Not only did they tell me “not now” every year for various reasons, but there was **never** a year since 1969 when people said, “This **is** the time to buy a home.” + +And you know what’s going to happen now? People are going to say it’s too late. You needed to buy a home in 2021 or 2020. Now the boom is over. Maybe the same geniuses who told you not to buy in 2020 or 2021. + +Last May, when many here were screaming like banshees that you had to be crazy to buy then, my wife, youngest son, and I looked at three houses, made offers on two, and bought one. Asking $750,000. We offered $900,000. We got it. The son lives there now. Redfin says it is now worth $1.1M, 11 months later. + +What we did strikes me as a normal, relatively easy home purchase. I am not surprised by the appreciation since then. I would not have guessed 20%, but I would have guessed 10%. But I have been doing this for 53 years. Had I asked people here when we were considering making an offer on that house, I would have gotten a ton of rants about the market being insane and offering $150,000 over asking was unquestionably nuts, yadda yadda. It may be that this Reddit group is **mainly** the **blind leading the blind**—off a cliff. + +I think the way to use this group is to look at the **facts** and **logic** of the various posts. Ignore the rants and adjectives, adverbs, and the trash talk. There are people here who know what they are talking about. Many, maybe most, have **no clue** and maybe **no experience**, like a person who said only a crazy person would buy a home in 2021 and he himself was a 20-year old who has never owned a home. + +If you are a beginner, you need good advice. That typically comes from experienced home owners or investors or people who work full-time in real estate. Getting financial advice on the biggest investment of your life from an **unknown** person hiding behind a fake name is probably not a good idea. +We periodically see the question about FAT purchases that are worth spending on. I’m early in my pursuit of FATfire, but as my income and NW have taken off, I’m curious what purchases you all have made that you wish you hadn’t - be it the luxury vehicle, 6k+ sq/ft house, vacation home, or smaller things like high end appliances, etc… + +What will I be tempted to buy that you’d say isn’t worth the shimmer? +&#x200B; + +https://preview.redd.it/db3gwe6a8ra71.png?width=1600&format=png&auto=webp&s=2d2d091c18880042651da993dabaeecf2cfde7c7 + + Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/gy7xdicc8ra71.png?width=680&format=png&auto=webp&s=448e0b53f2e409b0bb910d912e32b96354f6a836 + +&#x200B; + +[me coming back after a few days only to realise everything is lego's now](https://i.redd.it/7elpz8qm8ra71.gif) + +&#x200B; + +The exponential floor + +&#x200B; + +[credit to u\/jth1](https://preview.redd.it/03525w9c9ra71.png?width=16384&format=png&auto=webp&s=7021fa33b433fbfcd865538be5e92893716c6bd1) + +The exponential floor seems to still not be on track, not sure on how or when a new theory is going to bring itself forward but it seems interesting nonetheless imo + +# Toroso Investments LLC Makes New $923,000 Investment in GameStop Corp + + + [https://www.thelincolnianonline.com/2021/07/10/toroso-investments-llc-makes-new-923000-investment-in-gamestop-corp-nysegme.html](https://www.thelincolnianonline.com/2021/07/10/toroso-investments-llc-makes-new-923000-investment-in-gamestop-corp-nysegme.html) + +The site in and of itself is looking off imo, and as u/ammoprofit posted in a comment on there: + + +> +> +>SEC Filings since January 1st, 2021: +> +>[Toroso Investments, LLC (CIK 0001600064)](https://www.sec.gov/edgar/search/?r=el#/dateRange=custom&entityName=0001600064&startdt=2021-01-01&enddt=2021-12-31) +> +>[2021Q1](https://www.sec.gov/Archives/edgar/data/0001600064/000110465921067398/0001104659-21-067398-index.html) and [Holdings](https://www.sec.gov/Archives/edgar/data/1600064/000110465921067398/xslForm13F_X01/infotable.xml) lists 4,864 shares at $923 (thousands). lists ENVESTNET ASSET MANAGEMENT INC. +> +>[ENVESTNET ASSET MANAGEMENT INC (CIK 0001407543)](https://www.sec.gov/edgar/search/?r=el#/dateRange=custom&entityName=0001407543&startdt=2021-01-01&enddt=2021-12-31), but they have no GME. +> +>Takeaways: +> +>The purchase occurred in 2021Q1, for an average share price range of $189.67-189.86. (±$500 in total share value because of rounding.) +> +>The timing is weird on "finding" and releasing this data. We tend to follow the money to investigate relationships. Reporters tend to time their releases. These are different parts of the same elephant. +> +>There is an invalid CIK on Toroso's two most recent 13F-HR forms. +> +>Previous 13-HR forms included two CIKs: + +|13F File Number| Name | First Seen Filed Date| +|:-|:-|:-| +| 028-17968| Amplify Investments, LLC| 2019-02-14| +| 028-13818| CSat Investment Advisory, L.P.| 2019-08-15 | + +&#x200B; + +>I would check those two. + +So even if this information is spread please be sure to check out the source and not take everything for granted, this could be real or it could be bullshit for all we know, so for now take it with a grain of salt 😉 + +&#x200B; + +https://preview.redd.it/z9m7rsw1cra71.png?width=494&format=png&auto=webp&s=c123f019cb225e74bb574a55f69f482993d0c4a2 + +# Anti hype sentiment + +Ok let's do a little one on this, first of all I've been seeing a lot of people from Gme\_meltdown come over and complain how everything is a let down and everything is bs and bla bla fucking bla. + +Lets make a few things clear. + +1. no dates are set in stone +We don't know when it will happen but we can be excited because we believe it could happen around specific dates +2. Shorts have not covered +3. Gamestop Corp is working with the SEC +4. They have been turning the company around, this takes time. +5. They've introduced new rulings to make shorting harder +6. There are currently somewhere between 80 and 100 million shares in the option chain. + +Ok so knowing that lets look at something simple, Delayed Gratification, this takes time and if you're not used to doing the most simple fucking thing ever I feel for you son, but I got 99 problems and patience aint one. + +Seriously it's simple, Buy hold wait till it goes pop, that's it. + +So... "I'm tired" "this needs to end" "this is blablabla", if all you can do is complain about other people beeing excited or looking forward to a certain week, just look away. + +&#x200B; + +https://preview.redd.it/fyrhk3d9cra71.png?width=599&format=png&auto=webp&s=537461ee680fe8b878c4f128cda9b715a56cad29 + +So lets keep it simple + +I can be excited to see what comes this week, but at the same time remain realistic about what's going to happen. + +So lets take the 14th as an example: + +We have been looking to the 14th as a date that something will happen, because of the Crypto data (which is now been debunked by the lead blockchain, to be part of the upgrade to Etherium 2.0) + +But we looked forward to the 14th, due to the crypto date, and the tweets. +I'm excited to see what may happen, but at the same time I'm realistic and expect nothing to happen, because if something does happends I'll be ok, and if the moass starts I won't be taken by surprise. + +&#x200B; + +What I personally believe what may be happening this week: +The new rules have been put in place to overlook the hedgefunds, and make naked shorting/selling harder to do. +So all the puts/calls expiring on friday they'll have to try and kick the can again, but this is the first time with so many with the new rules, so the SEC is just looking at this and checking how it will happen, how they can kick the can further, then they'll patch the holes and perhaps take action? + +who knows, either way I'm jacked for the week. + +&#x200B; + +https://preview.redd.it/t2xm4o97dra71.png?width=582&format=png&auto=webp&s=ec1b8ebf485d613d3feb4976637e9ea74543d6cc + +# Gamestop Blockchain + +Jordan Holberg made an article on his work on wizards of the coasts (magic the gathering) and how stuff like NFT's work great for this. + +[https://www.linkedin.com/pulse/magic-gathering-multiverse-metaverse-jordan-holberg](https://www.linkedin.com/pulse/magic-gathering-multiverse-metaverse-jordan-holberg) + +Also because we've had some people say you couldn't combine actual physical products with NFT's, I present to you.... THE DODGERS + +[https://decrypt.co/75645/los-angeles-dodgers-auction-nft-physical-world-series-ring](https://decrypt.co/75645/los-angeles-dodgers-auction-nft-physical-world-series-ring) + +They're offering an NFT with a Physical world series ring.... now how could this be used in gaming.... oh yeah. + +Also our in house u/Dismal-Jellyfish has made a thread about it [here](https://www.reddit.com/r/Superstonk/comments/oi6lhy/nft_economy_update_a_deeper_dive_with_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/nx895dphfra71.png?width=554&format=png&auto=webp&s=e3a5bd1719b058b449e122fcc523c671db943a51 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/higiqtzjfra71.png?width=400&format=png&auto=webp&s=819e268f01b58b73864e7689db8361faf84d385e + + + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +\------------------------------------------------------------------------------------- + +I know this one today was a bit different, I'm currently sick and don't have loads of energy atm, I'll try to stay updated and make a better one again tomorrow +I swear to god this place is like a daycare sometimes. You all go wild if we go green, and you get despressed and FUDdy if we go red. You STILL don't understand why the price doesn't fucking matter.... + +I made this post in the daily and it was highly upvoted, and I was asked to post it like this too. + +Here goes. + +# Guys I can't believe some of you still dont understand.This will moon when AND ONLY WHEN there is a forced buyback + +&#x200B; + +**How to achieve forced buyback?** + +1. Share recall +2. Margin call +3. Small raw buying pressure to push unhedged new options ITM so that hedging provides 'free' upward movement on TACTICAL MOMENTS ONLY. +4. Forced liquidation by DTCC +5. Hard intervention by the SEC + +&#x200B; + +Unless one of these happens, the price can go anywhere.... and it doesn't matter if it's $200 or $40 a share... + +&#x200B; + +**Red days dont mean the squeeze is off, green days dont mean the squeeze is on. The price is fucking irrelevant (unless you're buying, then big red days are something to celebrate)** + +&#x200B; + +You should stop caring. We've been saying this for months, but everytime we have a green day you guys want to celebrate and cheer because "where lambo" like a bunch of spoiled children. And on red days you freak out way too much. + +You're setting yourself up for constant disappointment which will paperhand you and ruin this for yourself. Yesterday I told you not to overcelebrate and I was told to fuck off and not ruin the fun. See where the 'harmless fun' yesterday got you? Totally (and without good reason) disappointed today. + +&#x200B; + +&#x200B; + +**Get fucking patient** + +For those 5 catalysts that I listed there are many things 'in the works'. + +The DTCC is spewing new regulations like a toddler that ate too much icecream. + +There is a shareholder vote 9th of June, GME hasn't released what we'll be voting on however. + +SEC just got a new head that is known to be anti hedgefund bullshit. + +&#x200B; + +&#x200B; + +**What IS important?** + +\- Buy if you can. This determines how much exposure you have once we moon. More shares is more tendies. + +\- HOLD. Seriously. Don't daytrade, don't sell. Just hold. Doesn't matter if we're down 50% or up 40%. Stop giving a shit. This will only moon if there are not enough shares to go around. By holding, you are taking your shares and you're saying "These are mine now. Less to go around". + +\- Stop fucking promising yourselves dates. Especially if you're smoothbrained. Don't get excited at all. Stop it. + +&#x200B; + +**Not fucking advice, go ahead and be stupid if you think that's better** + +&#x200B; + +# you dumb apes want to hear a secret? Max pain is at 150 🤷🏻‍♂️ + +Long whales are going to defend that point to bleed large option owners. You know who owns lots of options? People who needed to buy them to reset FTDs and huge short positions. That's who. + +We will hover around 150 all day and that is a good thing for us. "Red bad, green good" is such an ape-unworthy simpleminded approach to this. Grow some wrinkles for gods sake. Do you want $200 as a price today if that helps shorts by letting them make a shitload of money on options? If you're saying yes then you're seriously almost a real ape. + +**Smart apes know that to win the war you don't have to win every battle. You have to win key battles.** +Some details about this particular ETF I'm going to write about: + +ISIN: IE00BK5BQT80, Ticker: VWRA (LSE) or VWCE (XETRA) + +This fund was launched on 23 July 2019 and its size already tops 1,018 mil. Euros. To put this in perspective, the Distributing version of this fund, ISIN: IE00B3RBWM25, was launched on 22 May 2012 and has its share class assets are valued at just 4,253 mil. Euros. + +This clearly demonstrates that investors really liked the idea of an All-World accumulating fund. Vanguard finally launched it after 7 years from the distributing one, but it’s already gaining momentum. + +The most popular UCITS ETF for EU investors is still iShares Core S&P 500 UCITS ETF (Acc), with a tremendous size of 31,772 mil. Euros, the rationale behind it being the outstanding performance of the S&P 500 in the last 12 years, and the statistics behind it telling us that since 1926, the S&P 500 brought investors an annualized return of 9.8%. + +But things have not been always this great for the USA. For example, in the 1960s-1990s the US stock market brought the same return as other ex-USA stock markets. Moreover, even if it now has the biggest proportion of Total World Stock Market Capitalization of 56.4%, things were very different in the 1990s, where Japan had nearly 45% of the world stock market, while the US made up 29%. We all know what happened to investors that bet in 1990 on the Japanese stock market for being the most robust at the time. + +Vanguard has a lovely section of Investing Research at [https://investor.vanguard.com/investing/investment-research](https://investor.vanguard.com/investing/investment-research) . This paper, “Global equity investing: The benefits of diversification and sizing your allocation”, was a really nice read on the topic. + +In my country there’s a saying: “You never know where the rabbit might pop up from” (China? India? European resurgence? Who knows...). That means, even if the US has now a very diversified and dynamic economy, and half of the S&P 500 companies’ revenue comes from outside the US, and even when the correlation of stock market downturns has increased in the last decades, that still not make up to the fact that one investor is overexposed 100% to the USA, the US tax system, the USD currency fluctuations and only US companies, while ignoring (and missing the gains) of colossal companies such as Alibaba, Tencent, Nestle, Taiwan Semiconductor, Roche, Samsung, Novartis, Toyota… + +I’m not all “doom and gloom” on the US economy for the next 40 years (this being the period of a buy-and-hold strategy for retiring with dignity with the help of the stock market), but why take the risk? This is why an All-World index fund weighted by market capitalization (where the USA is still represented with 56.4%) might well be the very best choice for most retail investors. This strategy reduces volatility, reduces the overexposure on the USA economy and currency and is the pinnacle of being diversified (the only free lunch in investing). + +Over the last 120 years, global equities have provided an annualized real (i.e., after inflation) return of 5.2% versus 2.0% for bonds and 0.8% for bills. The mean inflation considered in this analysis is 2.8% (yes, including the Weimar inflation), so the total return of world stocks is at 8% annually. This includes the Russian stock market going to zero in 1917 (Thanks, Lenin), and the Chinese one going to zero in 1949 (Thanks, Mao). Source: [https://www.credit-suisse.com/about-us-news/en/articles/media-releases/credit-suisse-global-investment-returns-yearbook-2020-202002.html](https://www.credit-suisse.com/about-us-news/en/articles/media-releases/credit-suisse-global-investment-returns-yearbook-2020-202002.html) + +I might be wrong. The USA might still be the Word’s capitalist powerhouse that will continue to bring almost 10% annualized return. But I am more comfortable going with an All-World fund that might bring 7-8%, but won’t be a wild ride solely on the US. + +Of course, you can still create a Portfolio that has a blend between USA and World Stocks, manipulating the exposure on US stocks to a certain percentage, anywhere between 56.4% and 100%. For example, Jack Bogle said in a 2017 interview that he wouldn’t allocate more than 20% of ex-US stocks to his portfolio. I made an Excel that calculates just that, what is your preferred proportion of US exposure with a blend of VWCE and SXR8 (both trading on XETRA) with a Yahoo Finance embedded API. I’ll post it here. The only variables you need to change are the actual proportion of US stock by market cap (Green cell - Source included) and your preferred proportion (Yellow cells) and your Portfolio value (Blue cell). Down there there is and “acual US exposure” based on the units you hold from both SXR8 and VWCE. + +Link here: [https://drive.google.com/file/d/1aFDDPplfxHTQbd\_D7DpG2lA3AQPxgsLj/view?usp=sharing](https://drive.google.com/file/d/1aFDDPplfxHTQbd_D7DpG2lA3AQPxgsLj/view?usp=sharing) + +As a side-note, the allocation in bonds depends on each and every investor, depending on how strong your stomach and how risk-averse you are. I might transfer my positions from stock ETFs to the iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (ISIN: IE00BDBRDM35) as I approach retirement, but that is a topic of the distant future. + +Some may point out that replicating an All-World portfolio might be done as well with iShares Core MSCI World UCITS ETF USD (Acc) (ISIN: IE00B4L5Y983) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (ISIN: IE00BKM4GZ66 ) with a 88%-12% proportion, and a lower average TER (0.20% / 0.18% vs. VWCE’s 0.22%). The only problem is that you need to rebalance accordingly as Emerging Markets will (or will not) have a greater say in the global market capitalization. And, honestly, a difference of 3-4 euros on each 1000 euro in TER is just noise for choosing a fund that rebalances automatically. + +In summary, I believe that Vanguard FTSE All-World UCITS ETF (USD) Accumulating will be a very successful ETF in the future and might well be the only ETF you need for riding the All-World stock market until retirement. For example, I am now investing with the help of the Excel above as such that I maintain for now a 80% US allocation, but for my girlfriend I’ve helped her set a buy-and-hold strategy for VWCE only. + +Tell me what do you think about it. :) +Hello! + +I am currently a rising high school senior applying to colleges this fall. I've been lurking on this sub for a while and was wondering if anyone had insight into the recruitment processes for the IMF and WBG, since I couldn't find much online. I personally enjoy economic theory and public policy a lot and find the mix of research and fieldwork offered by these organizations, especially the IMF, very enticing. With that being said, I had some questions about these orgs and the path of landing a career in one of them. + +Are there any things I should be doing in my undergrad to help me stand out before I pursue an econ phd? + +Are there ‘Target schools’ that these orgs, especially the IMF, like to recruit from? Either for internships or actual positions as economists? + +What are salaries (and bonuses?) like in these orgs? Are there lots of opportunities for promotions and salary increases, or is it a very rigid bureaucratic system? + +How is the work-life balance in these organizations? + +Any other tips for someone in my position? + +Thank you in advance to all who respond! +I don't understand how anyone thought that Japan could overtake US economy and become the main global superpower. + +I understand that Japan saw unprecentended growth of wealth through 1980s and its nominal GDP almost reached 80% of US GDP at one point but... + +1. Japanese had like half the population of the US and it was already starting to stagnate, whereas US population was growing due to both decent birth rates and high immigration. + +2. US was a highly developed country already, for Japan to simply overtake it, either Japan should have become as rich per capita as microstates like Monaco/Liechtenstain (AND MAINTAIN IT, which is highly unlikely for a state with a population higher than a single middle-sized city), or US should have lost its affluence and suddenly become a middle-income economy, which wouldnt be easy because... + +3. US is a huge, quite resource-rich land, not to mention that it is situated very favorably. Even if something extremely unlikely like being cut off from global trade chains happened for some reason, US would still be able to maintain some degree of stability and decent lifestyle for its people. Whereas, Japan basically doesn't have natural resources and its land is so small and densely populated that without trade, it could lose almost all of its economic power. + +I understand why most people were afraid. Former enemy having the economy almost the same size as US and seeing their products being sold everywhere like crazy must have scared Americans, a lot of whom still remembered ww2 clearly. But I don't understand why so many experts and economists believed or expected that Japan would overtake US. Can anyone explain? +How did you get started? + +When did you start being profitable? + +Other than asking about resources, those are two very common questions. So I figured I would just put it down here, hopefully some of you find something useful out of the journey I took. + +— + +I grew up poor, but through hard work and education did really well for myself. Five years ago, living in LA with my family, I got interested in trading. It wasn’t out of necessity, more because I kept hearing friends/colleagues talk about how much their investments were making. I’m way too arrogant to think they could do it and I couldn’t, so I looked into it. And investing seemed....boring. Still it made sense that reductions in the corporate tax rate and lifting regulations would jolt the market (bad for the economy long term in my opinion), so I bought your basic stocks and did fine with them, still do to this day. + +But Day Trading caught my eye, and I started watching videos. Quickly it became obvious that if a video started off with a Ferrari or Lambo, to just click next. Still, among all the crap, there were some that made sense. So I ordered a bunch of books and read them. Learned chart patterns, option trading, indicators, you know, all the basic technical analysis info. I’m the type that before I do something I like to know as much about as I can. The whole “90% fail” mantra didn’t deter me. Why? Well, as I said, I’m arrogant so I figured I would be in that 10%, and experience has taught me that most people fail because they don’t put in the work. + +When I felt I learned enough I put $50k in an Ameritrade account, took some Thinkorswim tutorials, popped some pharmaceuticals and was ready to trade. + +I promptly got my ass handed to me. Hard. Typical story here - $50k became $100k became $3k. Yeah I didn’t know shit. Six months of studying and I still screwed up as badly as possible. I thought I could anticipate the market - “This stock is going to go up, it HAS to!” rather than wait for confirmation. + +Not deterred, I put in another $50k (mistake). I figured, ok, my mental game is off, I’m still treating it like gambling. So I read all the books on mindset (Trading in the Zone by Douglas was actually good), and tried again. This is now one year in, and I improved. It’s 2017-2018 and there are still commissions, but I started to see real profit. And once again, I was a moron. At the end of the year SPY hit a bear run and go figure I found out I sucked at shorting stocks and using puts. After two years my toolkit was still incomplete. I couldn’t trade in a bear market. But I thought I could! (arrogant remember?) The market quickly said, “No dumbass, you can’t”. + +Now I’m down close to $100k. I hate giving up. I do well, but $100k was a lot of money, and it was kind of making me sick thinking what I could have done with it instead. + +So I decided to do two things. One - start again but this time with only $10k. If I couldn’t build that up to over $25k using a combo of swing trades and my three day-trades every week, I had no right to continue trying to be a trader (btw - I still do this challenge for myself, except now I do a $5k account to build up on the side). Second, I was sick of doing this alone, so I looked for a good community to join. As you might expect most were either scams or just basic crap they were charging me to relearn. However there were a few that actually seemed worth the money, and I finally settled on one (I very strongly believe in the non-schilling rule - I don’t own or run any service. Obviously I have ones I would recommend, but I do not publicly recommend anything except the occasional book or free sites like Finviz. It’s a slippery slope that would fill these forums with scammers). There I met traders who have been making a living doing this for over a decade. I was able to discuss trades and strategies, analyze what went wrong and get an outside opinion. + +Well third time was the charm. I built it back with that $10k and by 2019, made back the $100k. + +I’ve now had 27 straight profitable months and my 2021 win rate is 87.2%. + +It can be done, and it doesn’t have to cost the two years of frustration and financial loss it did for me before learning how to do it. + +Everyone’s journey is different, but hopefully you can learn something from mine to make yours a bit easier. +I just thought it would be useful to share. Covers saving and budgeting, interest and debt, investments and retirement, income and benefits, housing, car expenses, taxes, paying for college. + +[https://www.khanacademy.org/college-careers-more/personal-finance](https://www.khanacademy.org/college-careers-more/personal-finance) +I’m almost at $500, creeping up on $400 right now, I’ll hit that within the next month & $500 by next month. I know it isn’t much, but I started investing last March & went without a job most of 2020, once I finally got a job again I started investing more, after putting some aside for saving, of course. + +Edit: Thanks for the awards, & for the people saying stuff about savings, I have my savings in cash, my savings account is for my checks(example, if I have $137 in my account, $27 will go into savings) +Long time no talk apes; u/sharkbaitlol back at it again this time to talk about where I believe GME is headed and why it's potentially bigger than we think (and I don't just mean the MOASS). + +A few months ago, we were introduced to [nft.gamestop.com](https://nft.gamestop.com); we're still unsure of *what* this exactly is and what it will entail - but I think I might have an idea of what it is GameStop is attempting, and if I'm right, this is going to change *everything*. Not just for gaming, not just for ecomm, but for all IPs (intellectual properties) in the future. The MOASS will just be a fucking *pitstop*. + +[Power to the players](https://preview.redd.it/wb3nm37o5ck71.png?width=1385&format=png&auto=webp&s=c6fb6dd8b80be1bc24132cd79c04404dd57a4e25) + +With that being said, lets get into this: + +\------------------------------------------------------------------------------------------------------------------ + +Lets break this down into parts for ease of understand of how I got to this point: + +1. GME Past --- A GameStop history lesson +2. NFTs --- GME + NFT = ? +3. GME Future --- Tesla vs Amazon +4. **GMERICA --- Brick by Brick** + +\------------------------------------------------------------------------------------------------------------------ + +**Section 1 --- GME Past --- A GameStop history lesson** + +\------------------------------------------------------------------------------------------------------------------ + +As some of you may recall, I mentioned that I operated as a data analyst at GameStop about half a decade ago. There were many glaring problems that were beginning to arise; the partnerships that we held with various vendors such as Nintendo, PlayStation and Microsoft were becoming tarnished. Year over year, they saw that their digital revenue was growing exponentially through their own digital stores (where they made 100% profit off game sales) versus having to deal with GameStop as a middle man and split the margin (of which were already razor thin). The general margin for a new game was anywhere between 10-15% which means for a new $70 game, GameStop would be walking away with $7-$10.5 bucks. Microsoft was one of the few partners that legit gave a shit about us, sending ample marketing materials, keeping good relationships with store managers, etc. They even gave each employee a free Xbox-one once! Sony and Nintendo had largely turned their backs on GameStop as I recall. The feeling was they worked with us because they *had* to. + +As if this wasn't enough; this was the same time frame that Amazon bought Twitch and began offering 15% discounts on pre-order items via "Twitch Prime". I personally was really concerned with this development, as by offering 15% discounts it meant that Amazon was giving up 100% of the margin they were making on new game sales. This was not something we could compete with. I personally would spend a good chunk of my time pitching new loyalty perks to the executive team, to ensure that people would find the value in increasing average basket sizes (buying a game and a funko for example) to ensure they wouldn't churn to Amazon. I was one of the main driving forces as to why the loyalty card offers a discount on LOOT products. + +As a result GameStop began grasping onto the items and categories where they made the most amount of general margin and had less general competition, which was in LOOT (toys, t-shirts, etc) and USED (refurbished games and consoles). This is where they felt they could still compete, and potentially dig out for the mounting debt, and dropping stock price. It is in my personal belief, that hedge fund's roadmap to kill GameStop started around this era. It wasn't long until we began to see the stock price plummet to the $20 range for the first time (this was in 2016). The sentiment however internally was quite contrary to what was being propagated funny enough. Reassurances were given that the profits were healthy (they were) and that the plummet of stock price from $46 in Oct of 2015 to $25 by January of 2016 was not something we should be concerned about. + +I will go on record to say that having been closely involved with with business performance, I can personally attest that the sales and profits remained within a couple of percent of that what we saw the previous year. This much of a drop in valuation was completely inorganic IMO. It was at this point that I was genuinely concerned about the future of the company, watching it's valuation slowly get chipped away and employees get demoralized; that I decided it was time for me to move away from the brand I loved. Ex-corporate employees that we hired from Toys'r'us and Sears brought even more doom and gloom onto our situation reminiscing on the familiarity of feeling. + +[GME drops $46.80 to $26 in 3 short months back in 2016](https://preview.redd.it/pw05ssn90ck71.png?width=1283&format=png&auto=webp&s=ccf07730ef9b6a80dd745eecd85ec78b945abf31) + +After a couple of CEO flips between then and early-mid 2020, we now introduce two new characters to the story. RC + DFV. This would mark the beginning of a new era for GME. + +RC cleaned house and brought in an entirely new board and team; the individuals selected were not by accident and sets us up for what we might be looking at here. + +\------------------------------------------------------------------------------------------------------------------ + +**Section 2 --- NFTs --- GME + NFT = ?** + +\------------------------------------------------------------------------------------------------------------------ + +# NFTS NFTS, GETCH YOUR NFTS HERE. + +https://preview.redd.it/jed4asz85ck71.png?width=595&format=png&auto=webp&s=855f39438932733de9ca10d2fcc5f339a198d27a + +Okay we get it, NFTs are everywhere - we have punks, apes, kitties and even penguins. Why is this being hyped up so much again? + +So what are NFTs? + +From Wikipedia [directly](https://en.wikipedia.org/wiki/Non-fungible_token): + +>A **non-fungible token** (**NFT**) is a unit of data stored on a digital [ledger](https://en.wikipedia.org/wiki/Ledger), called a [blockchain](https://en.wikipedia.org/wiki/Blockchain), that certifies a [digital asset](https://en.wikipedia.org/wiki/Digital_asset) to be unique and therefore not interchangeable.[\[1\]](https://en.wikipedia.org/wiki/Non-fungible_token#cite_note-:32-1) NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of [ownership](https://en.wikipedia.org/wiki/Ownership) that is separate from [copyright](https://en.wikipedia.org/wiki/Copyright). + +Long story short, essentially you're able to attain 'ownership' over an digital asset or *intellectual property*. As they mention above, photos, videos, music, movies, tv shows, podcasts, games and more. This concept alone is *fucking huge.* This all runs on the backend of Ethereum which you may have heard of, commonly referred to when talking about Crypto alongside Bitcoin. + +As of right now this NFT market place exists in a variety of different places, but one of the few main locations where we can buy/sell/trade these NFTs are on a site called [opensea.io](https://opensea.io). We see a bunch of different "collections" of NFTs being sold/bought and the entire market collectively is estimated to be worth over [$1.5 billion](https://techcrunch.com/2021/07/20/nft-market-opensea-hits-1-5-billion-valuation/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADGGF4zX3xjdEe_R39sB03B6H3T5Ix_vVXW9hazXOZu_4jfvq-O7-T-sljT2ROG9QLeALQU8kbu_6_m0zf-LNXnrHyTKo5lo-CH7Yr1-oBozgDYrGSVIGcMThMpigZ0uAn6QbIgeRYdyiGqYE7sMCJQMchMc2-vLjWFkry2HPkF_) as of July 2021 (I believe they are well above this now as of end of August). + +Some of the most top traded NFTs [right now](https://opensea.io/rankings): + +https://preview.redd.it/cls471e38ck71.png?width=1363&format=png&auto=webp&s=b0c50b0ca2c54d117bf56c4bd85fee208c06efc9 + +# So where does GME come into all this + +GameStop released a microsite months back at the domain [nft.gamestop.com](https://nft.gamestop.com). We found there a minigame featured a banana cat, and a link to a wallet. As it had turned out - this wallet contained a couple of Easter eggs for us apes, including a "Game On Anon" message in the contract; and the mention of a new type of GME token built on top of Ethereum. + +[https:\/\/etherscan.io\/token\/0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://preview.redd.it/h80ptmz99ck71.png?width=1400&format=png&auto=webp&s=e892cceea350b08f812cf978ceaeefdb65f6f2e2) + +Now it's hard to compare this to anything since it's a new concept; but something like [CryptoKitties](https://www.cryptokitties.co/) can give us some hints. + +https://preview.redd.it/vjur43et9ck71.png?width=1109&format=png&auto=webp&s=42f108e17dcfab68705cd356146277b75883897f + +While this is innocent looking enough, it's important to note that this is one of the world's first blockchain games. As they mention "each CryptoKitty is one-of-a-kind and 100% owned by you. It cannot be replicated, taken away, or destroyed". + +This concept I believe stands as a trojan horse for GameStop's potential "MetaVerse", which will aim to encapsulate a game or experience on a much larger scale. The crazy part is *this is just the beginning*. + +NFT games look to showcase an asset in a digital environment, one where we don't just get to look at our pretty NFT art; but actually interact with them too. Here's a screenshot from a NFT game called "EVAVERSE" that is playing around with this concept right now: + +[evaverse](https://preview.redd.it/w8nvnpvebck71.png?width=1383&format=png&auto=webp&s=ffa5d7862f92d803d31cd45c27d00d4f6a68ff40) + +Essentially you can buy or get awarded a new board, that actually stands as an asset that you will be able to buy/sell on a NFT marketplace. Cool part is, each board has their own stats/visual appearances. + +I know some of you may be thinking; why would I ever buy something that isn't real? It's the same reason we go to movies, pay for Netflix or listen to music - we don't own any of these products physically either. They're intellectual properties that we get to *experience.* + +This concept isn't a stretch either, here's a screenshot of the Steam marketplace for digital knives you can buy in the game Counter-Strike that has thrived for years. Yes, those are prices in real world USD dollars. And yes, people care about them. These aren't even the most expensive items in the game haha. Seriously just ask your 12 year old nephew if they'd prefer a physical t-shirt to wear, or a Fortnite skin. + +[that butterfly knife though 😍](https://preview.redd.it/tnrhgp83cck71.png?width=657&format=png&auto=webp&s=c4ad6ce565b060f5a2f97bb23dbdd12c2565d89f) + +&#x200B; + +As if this concept wasn't already crazy enough, I personally believe GameStop can take it even *further*. Not just a market place for items in games, but a market place for: + +💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥 + +# ALL INTELLECTUAL PROPERTY. + +💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥 + +DRM-Free digital games that you can buy/sell anytime you want (*a massive limitation with today's digital shops directly from PlayStation, Microsoft, Nintendo*), Movies, E-Books, Music, Tv shows, podcasts, paintings, 3-D renders, *stocks, deeds.* The ambition of becoming not only the fucking KING-KONG of not only eCommerce, but intellectual property too. + +The Amazon of IPs powered by NFT. + +Sounds like building a marketplace on this scale could be complicated... + +&#x200B; + +Introducing: + +[Nice NFT Punk profile picture Matt ;\)](https://preview.redd.it/dy5p19e2fck71.png?width=739&format=png&auto=webp&s=5dbc0fb153832fbe2699dd71fa0dd532ac558aff) + +We need to look no further than GameStop's own, **Matthew Finestone - head of blockchain.** Prior to GameStop, Mr. Finestone spent just over 3 years working at Shanghai based "Loopring". + +This is essentially (I'm sorry Matt if I butcher this), infrastructure and user-facing products for the future of marketplaces; an almost "Steam Marketplace"-esque approach to Ethereum. + +https://preview.redd.it/x9aou4ynfck71.png?width=533&format=png&auto=webp&s=2e38c1d51f217ec40d742af3bfa78c32abea023f + +# CONSIDERATIONS: + +* High "Gas Costs" +* NFTs are expensive as a result + +Ethereum comes with it's own flaws and limitations; the high level of security and fees associated with encrypting/decrypting transactions means additional electricity costs ("Gas Fees" is what they're known as in the NFT world). When users buy or sell NFTs currently, anywhere between a 10-25% (varies depending on size of transaction) surcharge can apply just for the gas fees alone. Some artists may choose to upcharge to compensate for this, while others will simply allow it to eat into their margins. + +Interestingly Loopring, in a massive progression for Ethereum - just this week announced that they'll be progressing NFTs to L2 (layer-2) infrastructure. This will allow "anyone to mint and trade NFTs instantly and gas-free" + +https://preview.redd.it/0nvxg3fehck71.png?width=680&format=png&auto=webp&s=2551f2d9d59ff33ee223a2105e5f62083c4e2bde + +From the Loopring team [themselves](https://medium.com/loopring-protocol/loopring-now-supports-nfts-on-l2-29174a343d0d): + +Due to the removal of a high gas cost, this is going to open the door to AMAZINGLY cheap digital assets to be bought/sold. It will not be a market dedicated to just some wealthy holders. It'll open up for everyone, and for everything at the best execution price. + +https://preview.redd.it/jf5p479rick71.png?width=548&format=png&auto=webp&s=77117d7181ae748c43dbd56f575e4723d1a51ea0 + +Foobar btw, has worked(ing) with the GameStop team for their NFT offering; being one of the first creators in the NFT space having minted "CryptoPunks", the first and highest valued NFT collection. + +&#x200B; + +# BUT IT DOESN'T STOP THERE + +&#x200B; + +I personally believe that the OTC market (over-the-counter stocks) will be the first to get swallowed up by the NFT marketplace. Interestingly, have a look at the top traded assets over there 👀 $725 million a day. + +[Ethereum up top](https://preview.redd.it/dz8vsruyjck71.png?width=1018&format=png&auto=webp&s=090ce06c43a1d1a1d8895e3818164427aa0059fa) + +https://preview.redd.it/wy4msye1jck71.png?width=581&format=png&auto=webp&s=e592d701bae9b4ca120718df9cf938cb2e8bb87f + +&#x200B; + +This leads up into our next section... + +\------------------------------------------------------------------------------------------------------------------ + +**Section 3 --- GME Future --- Tesla vs Amazon** + +\------------------------------------------------------------------------------------------------------------------ + +\*\*Disclaimer: This section contains a lot of my personal speculation\*\* + +Now we finally arrive as to why I believe all this is happening. It is not by chance that half the GME team is ex-amazon, and that RC has hired dedicated teams for BlockChain. + +Contrary to popular belief, over 50% of Amazon's total operating income comes from AWS (Amazon Web Services). That's right, not just from selling products; but from server hosting. Now when we think about GameStop, remember how I mentioned how we had to go on defense back in 2016 due to Twitch Prime? An NFT marketplace is a sure fire way not for GameStop to defend themselves, + +# but to also go on the OFFENSE and start their own WARPATH + +And I personally think that GameStop is not alone in this. Enter Tesla. + +This theory started to really click for me after watching Tesla's AI day just last week, and no I don't mean the Tesla Bot. + +We're talking about Tesla new "Dojo 1" chip. + +So what's it do? + +https://preview.redd.it/ypgzzbj0pck71.jpg?width=1359&format=pjpg&auto=webp&s=a94d8275c6313ec434d1128f99a17e53de05a6b7 + +Take a look again at the bottom right of that screenshot; "5x smaller footprint", "1.3x better performance/W". Remember when Elon tweeted this out back in May, shortly after Tesla pulled out of crypto? + +[Starts to make a lot more sense right?](https://preview.redd.it/frh6edeqkck71.png?width=589&format=png&auto=webp&s=f8e52bed8af2a4e0e72f10a069dc97da87f86825) + +I should note, that while this is a NPU (neural processing unit designed for neural networks), it is comprised of a 7nm semiconductor node, with 362 teraflops of processing power. This thing *hauls* ass and can be easily repurposed. But that's not all, during the presentation Tesla made specific reference to the modular design of these chips. + +It is in my belief that these chips will be utilized to create competition to not only AWS (and create their own warehouses for hosting), but also potentially create the foundations for the future of NFT transactions. Driving "gas costs" with a "smaller footprint", without "drive(ing) a massive increase in fossil fuel use". + +https://preview.redd.it/39hj3dqvpck71.jpg?width=861&format=pjpg&auto=webp&s=e6e887a423cacddf8e4c14c6299c2e94561b07b9 + +This basically sets up the scene for what I believe will be a two pronged attack from GME + Tesla to take down Amazon. GME from the direction of eComm + NFT marketplace, Tesla from the hosting and tech front. + +&#x200B; + +https://preview.redd.it/klkkqdhisck71.png?width=917&format=png&auto=webp&s=838f331cab973671f0125b30a8d26616023a190c + +I think we haven't seen the end of this just yet, but as crazy as it may sound I believe that a GME + TSLA partnership could exist as it stands to benefit both parties in huge ways. + +It's clear that both RC + Elon believe in this technology. Only time will tell how this manifests. + +&#x200B; + +And of course, it'd be cool as hell to play games while your car drives you around. + +\------------------------------------------------------------------------------------------------------------------ + +**Section 4 --- GMERICA --- Brick by Brick** + +\------------------------------------------------------------------------------------------------------------------ + +The future of what NFTs represent, will be the starting point for what I expect to be the dawn of a new era. The same way humanity changed in a big way at the start of the industrial revolution, I suspect will begin to happen again in a few short months/years. + +It should be noted, that every time this has happened in human history; the transitionary period always brought on confusion, panic, and financial hardships onto the economy. It so happens that with all the research done here at r/superstonk; it appears that this is looming again. + +&#x200B; + +Now I'm really going to need you to use your imagination for where this could be headed in the next decade. + +&#x200B; + +Imagine buying an NFT, that you could put up on your wall using Augmented Reality and showing it off to guests. Or displaying a cool trophy head of a raid boss you and your friends killed in a game, hanging up in the corner of your living room. + +This is not as outlandish as you may think. + +[https:\/\/www.youtube.com\/watch?v=Jd2GK0qDtRg](https://preview.redd.it/v040rsoqvck71.png?width=1631&format=png&auto=webp&s=4b8ed2b2934feb92f3135fce9b910f0f2e6a8ef0) + +In the picture above, we see someone having a meeting using Augmented Reality tech from Microsoft. They've been working on something called "hololens" which is essentially similar to an experience to when we use AR on our phones for games/apps like Pokemon Go but in the format of a headset/glasses that you wear. + +Now it's funny that Microsoft specifically gets brought up here, considering that GME has a partnership with them. Funny enough we've seen plenty of references to Microsoft over the last few months... Maybe coincidence, maybe not 🤷‍♂️ + +[maybe I'm just out of my mind](https://preview.redd.it/4b3ez9yexck71.png?width=1110&format=png&auto=webp&s=9564eb2eb8deed534008ed81707273da7174c563) + +It is not by chance that we're seeing new iPhones come with new LiDAR tech that improves AR. I believe that as an extension to the "metaverse" it will spill over into the real world. NFT items will not just exist digitally, but will be something we can observe in the reality as well. + +&#x200B; + +# IN CONCLUSION + +&#x200B; + +TLDR; I personally believe the MOASS is exactly the thing that could fund an entirely new market for almost everything. I believe that NFTs are going the change the world in a very big way, with proper valuations for intellectual properties (ie. the Scarlett Johansson vs Disney fiasco), that will potentially encompass games, items in games, movies, E-Books, Music, Tv shows, podcasts, paintings, 3-D renders, *stocks,* and even *deeds.* This is absolutely something we should be excited for! + +# I believe GME is leading this warpath, and the MOASS is just a pitstop. + +If you like thinking about the future, and what it could possibly entail; check me out on Twitter where I post things that I find interesting on a regular basis! "Dare to dream bigger darling" + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +&#x200B; + +Power to the players, + +u/sharkbaitlol + +&#x200B; + +Edit: from u/LetsBeatTheStreet + +>Elon on Twitter “I bought a Video Game” on Jun 6th [https://twitter.com/elonmusk/status/1401493801131298816?s=20](https://twitter.com/elonmusk/status/1401493801131298816?s=20) +> +>Speaking of Partnerships - Microsoft Is Awarded US Patent for Crypto Token-Creation Service - [https://www.coindesk.com/tech/2021/08/26/microsoft-is-awarded-us-patent-for-crypto-token-creation-service/](https://www.coindesk.com/tech/2021/08/26/microsoft-is-awarded-us-patent-for-crypto-token-creation-service/) + +Edit2: Don't forget Gary Gensler's expertise in the BlockChain space... He's in office for a reason 😉 + +[https://www.youtube.com/watch?v=EH6vE97qIP4&t=17s](https://www.youtube.com/watch?v=EH6vE97qIP4&t=17s) + +&#x200B; + +Edit 3: Something, something **Starlink**, something something 5G -> 6G speeds + +&#x200B; + +Edit 4: [https://opensea.io/assets/0xe39a238d74bdd95a895026fc25ec97fb8a4b1959/10149](https://opensea.io/assets/0xe39a238d74bdd95a895026fc25ec97fb8a4b1959/10149) from GameStop NFT designer @nftspike. zkRollups? Courtesy of [@brianmohan11](https://twitter.com/BrianMohan11) + +Edit 5: 👀👀👀👀 literally from today via Loopring [https://twitter.com/u\_sharkbaitlol/status/1432156335114788871](https://twitter.com/u_sharkbaitlol/status/1432156335114788871) + +Edit 6: Looks like Facebook is trying to play too 😉[https://www.youtube.com/watch?v=Ltd7RlTeaZM](https://www.youtube.com/watch?v=Ltd7RlTeaZM) + +Edit 7: Interesting further thinking [https://www.reddit.com/r/Superstonk/comments/pe8td0/i\_think\_we\_can\_figure\_out\_the\_gamestop/havox3f?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pe8td0/i_think_we_can_figure_out_the_gamestop/havox3f?utm_source=share&utm_medium=web2x&context=3) +I used to buy a lot of video games that I never finished. Wasting money. + +But when I get paid and buy stocks (especially dividends paying stocks), I feel like I’m collecting stuff and the best thing is that we make money off of them! + +I like looking at my portfolio and my “collectibles”. +Throwaway account. + +TL:DR -- how do you know when enough is enough? + +Age: 37 (Married, 3 kids) + +Location: MCOL United States + +Net Worth: $13M (Only debt is about $500k remaining on home mortgage) + +Salary: $580k + +About 8 years ago I joined the leadership team of a Pre-IPO company that has had an amazing run. I wasn't on the founding team, but was a critical addition to the team about 2 years later and negotiated equity well. I got to attend our IPO in-person, which has been the highlight of my professional career. I have hundreds of people working for me globally. I love the company, the founders, the job, and my team - but post-IPO activities are sucking the life out of me. + +When I joined I had so much fun with the small team trying to solve really difficult problems and we had such an awesome team to figure things out and we could be nimble, I really love the IPO vibe. Now things are much more corporate and stodgy and becoming more and more difficult to try out bold new things or just to effect change generally. + +Last year I was recruited to join the C-Suite of another series-B startup and I accepted the position. I was excited to get back to that scrappy scene of trying to figure things out, and I figured I was financially in a great spot to take startup risk because I'm in 8-figure NW territory due to the success of my current company. + +My current company countered... hard. I had every member of the C-Suite calling me multiple times per day for 3 days after my resignation, and board members. I was offered platinum handcuffs in the terms of a 4-year RSU grant and a commitment in writing for additional RSU grants over the next 3 years of minimum evergreen grants. Factoring in some of the ISO/RSU grants that I'm still vesting - it would be about $15M over the next 7 years. I accepted the counter-offer and stayed in my job. Handcuffs for $$$. + +I currently have a NW of $13M, mostly due to the equity and the amazing IPO run. + +My job is pretty high stress. I work 70 hours a week - frequently having to do firefighting with clients at all hours of the day, I try to step away for dinner with my family and get the kids in bed and then I'm usually back in my home office working until 11pm/midnight. The stress has taken its toll on my marriage at times and my health - but not to the extreme. I'm not seriously concerned, but I would like to weigh 20lbs less and spend an extra 4 hours a day with my wife and kids. + +I fantasize a lot about RE - spending my time golfing, volunteering with my church, being way more involved with my kids lives, exercise and outdoors time, travel, etc. -- but I can't pull the trigger. Even though I have $13M which I think is plenty to live on for the rest of my life, I feel compelled to stay because walking away from $15M over 7 years seems like lunacy. 99% of the people would prob voluntarily serve a 7 year prison sentence for $15M. But on the other hand -- I also don't really want to burn through my prime formative years of my kids lives and have money to share with them but not memories. + +How do you know when enough is enough? +I get why everyone seems focused on a market crash or a market correction. When the market seems to do too well compared to the news and the headwinds people doubt their decisions resulting in missed opportunities and lost profits + +Honestly this is why it’s important to keep perspective through all the noise +This is the most I've been down... ever. I've previously been down more than 50% (at the height of the COVID selloff), but never this much in dollar terms :( + +&#x200B; + +https://preview.redd.it/cn0vhlgg0dy81.png?width=485&format=png&auto=webp&s=956b1d3e8d35ef7bf0f0b726084ad8b70a055c1e +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 172, 176.5, 182, 183.5, 184.5, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256.5 + +[https://reddit-stream.com/comments/mkkj0p/](https://reddit-stream.com/comments/mkkj0p/) + +**Edit 17 4:02PM:** + +Ended around 186.13 for the day, small bounce in the last few minutes! + +Overall a great day, see you all tomorrow! + +https://preview.redd.it/9utatwgaver61.png?width=2145&format=png&auto=webp&s=07107ea1f9f4ad6e71a9a3f1f8660de506d818bd + +**Edit 16 3:46PM:** + +Low volume, should finish above 182 for the day. Added a new 182 support. + +https://preview.redd.it/m55bw4idser61.png?width=2146&format=png&auto=webp&s=182292f146fdc1499d5a723e19165fc881d8327b + +**Edit 15 3:04PM:** + +Back for power hour! + +[https://www.youtube.com/watch?v=5dyrEIkMzMY&ab\_channel=WardenElite](https://www.youtube.com/watch?v=5dyrEIkMzMY&ab_channel=WardenElite) + +**Edit 14 2:26PM:** + +Quick summary of how to detect a short squeeze 24 hours before the squeeze. + +Go to [https://www.tradingview.com/script/nO5Y6yTa-CV-VWAP-GME/](https://www.tradingview.com/script/nO5Y6yTa-CV-VWAP-GME/) and favorite the CV VWAP indicator. + +Then in TradingView, turn that indicator on under the favorites list. It's pretty simple to use. + +https://preview.redd.it/dcxwccsceer61.png?width=2197&format=png&auto=webp&s=6eba3d3edea03d5963ca0d7f7b014968c8a09270 + +Basically if the silver line goes near or above the dotted red line above, its a positive signal for an incoming short squeeze. Don't pay attention to the indicator during AH or PM. Only during trading hours. + +There's a couple false signals and intricacies of how to read the signals properly. I explained it early on in my stream today. + +**Edit 13 1:37PM:** + +We were quite close to crossing 200 like my friend in the chat had predicted. We touched 195. Close enough! + +I'll be back at power hour, mostly just sideways trading on low volume right now. + +**Edit 12 1:09PM:** + +Nothing crazy happening, we're sagging towards VWAP, volume dying down. + +https://preview.redd.it/5531tuwe0er61.png?width=2128&format=png&auto=webp&s=a7cc10e57ae3bae1601502b154e67abaa3dd3561 + +**Edit 11 12:14PM:** + +Local double top. Stock will consolidate a bit lower. + +https://preview.redd.it/ug0wdbqiqdr61.png?width=2132&format=png&auto=webp&s=ac5406bd3c251c4ad4505cab0b9c29ce1c275e4d + +**Edit 10 11:38AM:** + +Gap fill today. + +https://preview.redd.it/d78739y3kdr61.png?width=2131&format=png&auto=webp&s=8410c85f9819d570d653ef0e238a3df4655f215d + +**Edit 9 11:31AM:** + +WE GOIN UP! + +https://preview.redd.it/lpkd3agzidr61.png?width=2118&format=png&auto=webp&s=ed176aa74f0f373cbfbca18d84cf6799fdf162b4 + +**Edit 8 11:27AM:** + +Rough rough prediction for the week. Letting that IV crush. + +https://preview.redd.it/qgvay8dbidr61.png?width=2108&format=png&auto=webp&s=7322628fa111d5a456ec2ae02bb5a722cf1be9c9 + +**Edit 7 11:21AM:** + +Someone shorted 1m worth of Puts at the 200 strike. This is very bullish imo. + +https://preview.redd.it/91cbmrm3hdr61.png?width=2271&format=png&auto=webp&s=4d46c67175c6cab1a2d15cfa5b64ac5b13dde3e9 + +**Edit 6 11:19AM:** + +Mostly bullish in terms of options activity. Lots of long calls getting put in. + +https://preview.redd.it/cxagj1drgdr61.png?width=2441&format=png&auto=webp&s=50c2bfe22a2d9a932078620bbfa18a9fb1b8c246 + +**Edit 5 11:09AM:** + +Decently low volume. We're finding a good consolidation zone between 176.5 and 184 channel. + +https://preview.redd.it/ektlkcfyedr61.png?width=2279&format=png&auto=webp&s=a56fa213890669df2ff6a3d79924aaf99c1e7f9f + +**Edit 4 10:05AM:** + +I will be on in 10 minutes, did you all catch the dip? + +**Edit 3 9:34AM:** + +No one is selling haha. Look at that low volume! + +**Edit 2 9:31AM:** + +Reminder I have a meeting until 10:15 EDT. Use everything I showed you guys to find a dip! You guys got this! + +**Edit 1 9:28AM:** + +&#x200B; + +https://preview.redd.it/q8e2v8e0xcr61.png?width=353&format=png&auto=webp&s=a6ff8560f436c158223e4e3a5e7978c3061f2e71 + +# Begin reading here + +Hey everyone. **I'll see you all on my stream at 10:15 EDT, 45 minutes after market open.** I will try my best to explain things to you. Things are a bit chaotic right now, but I will try to make sense of it all. + +**DO NOT PANIC. DO NOT FEAR. THERE IS NOTHING WRONG WITH THE ATM OFFERING AND I WILL EXPLAIN WHY.** + +Nothing has changed. Buy and hold. TODAY IS A FIRESALE. + +https://preview.redd.it/cog67d3bvcr61.png?width=348&format=png&auto=webp&s=c67bce1f46d7cc0e79db0e27aa07e37d632caf71 + +See you at the stream: + +[https://www.youtube.com/watch?v=1KKGYADgP4A&ab\_channel=WardenElite](https://www.youtube.com/watch?v=1KKGYADgP4A&ab_channel=WardenElite) + +Also get in my discord: + +[https://discord.gg/GmRYtEWS](https://discord.gg/GmRYtEWS) + +Twitter: + +[https://twitter.com/warden\_elite](https://twitter.com/warden_elite) + +My tip jar: + +[https://ko-fi.com/wardenelite](https://ko-fi.com/wardenelite) +Positive options talk has been suppressed and FUDded for a year now. + +DFV held Far dated calls, was he wrong? FUCK NO. + +A wall street veteran saying how POWERFUL that RETAIL BUYING CALL OPTIONS is and was last January would and has set off massive alarm bells for the SHFs + +Multiple highly awarded comments on the orginal video post about options were deleted. Upvotes squashed and reddit outages all day. Sucks for the SHFs though, this just made the vid spread further. + +Call options are the number one thing they've tried to bury for the last year. + +They use ITM Put options to shit on the price for every big dip and retail can use smart Calls to raise the price and then EXERCISE those calls to squeeze the life out of them once and for all. + +They've been pretty successful at burying any positive options talk but still the truth has slowly been leaking out and apes are waking up. Apes will not be kept in the dark any longer RE options. + +u/gherkinit in particular has been fighting against this FUD for months and his posts and in particular the MOASS Trilogy DD are a must read for any apes wanting to understand options and how they have affected and will affect our beloved stock. + +Buy, hold, Drs & buy further dated call options if you know how and then EXERCISE them. (Cashless exercise, sell one call exercise another etc.) + +&#x200B; + +PS. + +Great info from u/ [**CunilDingus**](https://www.reddit.com/user/CunilDingus/)**:** "Call options with major expirations are important to price action. Don’t lose money on weeklies. The next major expiration dates are Jan 21, Feb 18, Mar 18 + +Research. Buy. Buy Calls. Hodl. DRS." + +PPS. + +I made similar comments in a few of the posts about this video today and they got a lot of awards and upvotes so I made a post. So you may have read something like this already. +Let me explain a few things to you: + +* 1) The Gnosis token sale ended at a theoretical 312.5 Million valuation. + +* 2) Only 4.17 % of all tokens have been distributed to you early investors, the other 95.83 % of the tokens is in hands of the Gnosis team. + +* 3) The Gnosis team now owns 299 million USD in artificial token value. They've invested 0 USD. + +* 4) In contrast, the investors who paid 100 % of the money, invested and own 13 million USD in tokens. + +* 5) Let me be more clear: You paid **31.25 USD** per Gnosis token and as a collective, have only received 4.17 % of all tokens. + +* 6) Now take a seat before you read number 7 + + +* 7) The **actual value** of the Gnosis tokens is 13 million USD (this is all of the actual money brought in by the investors) divided by 10 million tokens. That means each individual token now has a factual value of **1.3 USD**. + +* 8) As of now, your net result on your investment is **-95 %** + +* 9) We did warn you: http://i.imgur.com/WAVLXWE.png - You triggered the worst case scenario in this graph + +* 10) And warned by /r/ethtrader + +* 11) But you just didn't want to listen, did you + +I’ve been reading 10k’s and playing around with DCF models but I feel like i’m feeding my ego more than I am actually getting comprehensive analysis done. + +What are some thing’s that I can add to my business analysis strategy that will help me make more intelligent investing decisions? +I'm about to be 17 and I just noticed how much money you can make with investing opportunities, and I would like to be able to take these opportunities next time. However, I know absolutely nothing about investing. Maybe a book can help? +So I heard there was going to be a lot of inflation and I decided to buy into the PDBC commodities ETF to protect myself against it. The prospectus said 'The Fund seeks to provide long-term capital appreciation' - sounded just like what I needed. + +Got in at a price of around $20. The price moved up and down a little, until Dec 3rd, when it suddenly dropped from $20.29 to $14.90. Turns out they decided to pay a $5.39 'dividend', that's 35%! There's a 30% 'withholding' tax on that, which i'm never going to see again, so I'm down $1.62 on each share - that's about 8% of my total investment in one day, despite no fall in commodity prices. + +I just feel like I got scammed on this. + +I'm not a sophisticated investor, I don't go in for short selling or options or margins or any of that stuff. This didn't look like a product that would behave in a weird way like this. How do you know if an ETF is going to issue a massive 'dividend'? Why wouldn't this ETF reinvest surplus funds rather than distribute them. It seems like weird behaviour. + +The prospectus says 'The Fund seeks to provide long-term capital appreciation' - how is that consistent with issuing massive surprise 'dividends'? +Just yesterday, I awoke to around 250 members in this sub. I was excited to keep working with r/GME for the foreseeable future. And look what happened... This is incredible. + +First, I am very flattered that this subreddit has become the apes' new home. Originally, this was a fun little side sub while I gave my primary focus to r/GME. It's only about three weeks old, and until the past few days it was primarily populated by pet photos, memes, and Spotify playlists. It wasn't much, but it was a place to be free; to be goofy and weird; and to be serious if we wanted to be. + +Second, this sub kind of EXPLODED so I'd like to be very transparent about what we've done but please keep in mind it's been very, very crazy. Not everything is in its perfect place but we are working daily to bring as much content to you as possible. + +# Introducing our kick-off mod team: + +* u/redchessqueen99 \- admin, Wiki editor, ex-mod of r/GME +* u/rensole \- DD review, Morning News, ex-mod of r/GME +* u/TomatoeHaven \- og mod pre-*Second Great Ape Migration a.k.a. The Apexodus* +* u/DJ_Scoop \- TBD +* u/StonkU2 \- TBD +* u/Bye_Triangle \- Wiki editor, author of [**GME M.O.A.S.S. F.A.Q.**](https://www.reddit.com/r/GME/comments/m4hqkc/gme_moass_faq/) +* u/HeyItsPixel \- DD review, DD author +* u/WardenElite \- DD review, live charting +* u/SuperstonkBot \- Anonymous DD Post-Bot (see below) + +All mods are starting with a mild limit to their permissions that prevents any surprise adjustments to the critical sub settings. u/rensole and I have personally been in chat with each of these individuals setting expectations, suggestions, and sharing experiences. I invite them to leave comments about their honest impression of how things are going so far. + +# Mod Organization + +However, u/rensole and myself have full permissions and we will be operating as a co-unit. I've found rensole to be extremely easy to work with, and we balance each other very well. He is one of the first people I met when I came back to reddit in late January and he's been my friend since. He has always shown himself to be an outstandingly reliable and honest person on top of a very wrinkly brained, diamond-handed ape. I am truly blessed to have been thrust onto this path alongside him and I am honored to have him as a moderator. + +If you are not familiar with how Reddit works, basically there's a mod structure and it's first come first serve. I am the admin of r/Superstonk and, after some quick mod uninvite/invite adjustments, u/rensole will be in the #2 seat. However, we plan to work as a team and create a system that allows not only constant communication and discussion between mods, including disagreements and debate, but also as much autonomy as we can, so that mods are not disabled from taking action when it is needed. + +This is still in development, but we are working on a private channel for posts, polls, reference items, and more, as well as a mod-only discord with several channels. + +In addition, we might do something mildly radical and invite MORE mods into the team, but at lower permission levels - and by "lower" I mean "only posts/comments" or "only wiki." This is still in the discussion stage and please know we may axe some of this if it has problems, but we want to basically allow more apes to contribute at a lower-intensity mod level. For example, we would have a team for reviewing DD and a team for moderating posts/comments. + +I am being as transparent as possible and inviting discussion for everything we do. I want a healthy mod team and we have several awesome mechanisms being currently setup to ensure 24/7 worldwide moderation of this sub. + +Feel free to share your thoughts in the comments for any of this. We're in a whole new sub now and we are getting very creative, so some things may stick and others may need revision. + +# SuperstonkBot + +Okay, I don't want to tease this too much but we are working on something kind of awesome. We have a very talented user (will reveal later) who is working on SuperstonkBot, which essentially lets people submit anonymous DD. + +Let me repeat that. + +**SuperstonkBot lets you submit anonymous DD** (mostly) + +That's right. + +When it's totally implemented and we are sure it works correctly, we will share all the details but here's the basics: + +1. A member submits a title / description through the bot +2. Our team of DD mods reviews the submissions which are kept anonymous, and accepts or declines each post. +3. Accepted posts are posted by SuperstonkBot to the sub with special bot-only flair, so you can use the filter to find all of them. + +*Dox that, Shitadel.* + +Currently, I am making sure the identities actually remain private, and that as a mod team we discuss the specifics of this to ensure it remains anonymous. When we're sure it's safe, we'll post more about it. Some of you have seen "test" posts and that's what this is. Let me know what you think in the comments. + +# Apes Together Strong + +I just like the stock and I diamond-heart 💙 you apes. Yesterday I walked away from r/GME thinking I'd settle down in my little sub and get back to my normal, boring life, and you followed me. I am truly honored and incessantly grateful. I am not used to nearly this much love, so thank you. + +My attitude: I want apes to be safe, connected, and informed. If that means we pre-launch party here, I am beyond honored; if that means we lambo over to somewhere else, I will follow you. I am ape first, mod second; and no matter the sub, I am honored to still be here with all of you. 💎🙌 hold. +The stock market performed well today and I'm still confused as to why. + +In parallel to reviewing market performance, I was reviewing my personal finances for April. I spent 1/3rd of what I usually do per month. I'm a high income earner and this was a significant volume drop. + +I imagine my direct peers are the same and if must be happening across the economy. I also know for myself that when markets fully reopen I will not be spending at the same annual gross volume. + +For example, the majority of savings I made in April was on air travel, hotels, going out to restaurants and events. I will not be making up those expenses. I've already eaten. I've already not traveled. I'm not going to be flying extra or eating out extra when the economy reopens even if we knew it was perfectly safe. That time is lost and that exchanging of goods and services can not be remade. I imagine it'll have larger macro economic effects. + +Even if we were given huge tax incentives to consume more in the coming months, the volume of production and consumption will be down because there is less time for that production and consumption to occur this year. + +If you have any academic papers or book recommendations on this I'd love to read them. + +Possibly focusing on the economy and how plagues, the Spanish Flu or wars that prevented consumer spending. + +Thanks! +In the US, an individual is considered an “accredited investor” when either NW exceeds $1M (excl. primary residence) -or- income exceeds 200k (each of past 2 years). + +What are some of the most advantageous investment opportunities generally afforded to investors of this status? + +I’ve been getting spammed with targeted ads for CRE/Multi-family REITs and such...just looking for some perspective - thanks! +&#x200B; + +https://preview.redd.it/invn7a47rft61.png?width=1354&format=png&auto=webp&s=ac92dab535457b17e24eae84f1e1b5ef550099ff + +I would just like to firstly say this is just theory, don't listen to anything I say as i'm a smooth brain. + +So if you didn't see yesterday JP Morgan's net profit soars [5-fold to $14.3 billion](https://www.marketwatch.com/story/jp-morgan-net-profit-soars-5-fold-to-143-billion-and-revenue-tops-expectations-but-stock-slips-2021-04-14). I find this to be a little unlikely to be honest. We are on the the biggest bull run this market has ever seen, and the money printers keep on running. You honestly think a bank isn't going to get greedy when the going is hot? of course not. **They have over-leveraged hedge funds and they realize shits gonna go down.** + +&#x200B; + +[Why would they need to pay off so much debt if they are supposedly after X5 profits?](https://preview.redd.it/fvjwtbywhft61.png?width=1594&format=png&auto=webp&s=4172ce776e05c85fc4de6aac8f6d66e15f1e82b2) + +Coincidentally, one day after their so-called killer earnings they issue [13 Billion worth in bonds](https://www.bloomberg.com/news/articles/2021-04-15/jpmorgan-to-sell-13-billion-of-bonds-in-largest-bank-sale-ever) in the "**largest deal ever by a bank**". My thoughts are that they were loaning too much money, in desperation to get enough money to keep them afloat they issued these bonds. They are definitely well aware of the GME situation and there are many catalysts are going together are the one time, they're spooked. Don't think banks don't lie about their positions or aren't that stupid to over-leverage? Read this about Bill Hwang leaving Credit Suisse holding a massive [$4.7 Billion dollar bag.](https://www.forbes.com/sites/siladityaray/2021/04/06/credit-suisse-takes-47-billion-hit-following-archegos-collapse/amp/) No one has learned a fucking thing from 2008 and now people have to suffer again because of billionaires being greedy. They are gonna be holding the biggest [bag of excrement.](https://www.youtube.com/watch?v=K05sxfa4zdM) + +&#x200B; + +[28 Jan, 2021 - https:\/\/www.spglobal.com\/marketintelligence\/en\/news-insights\/latest-news-headlines\/citadel-securities-allocates-3b-term-loan-for-refinancing-terms-62337677](https://preview.redd.it/dve5ad9zuft61.png?width=2320&format=png&auto=webp&s=d22f1c735c220b027d5418045af2457582a8fe2e) + +Just a side note; It's been noted that Warren Buffet has really cut away on some of his [bank stocks](https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-pared-down-its-bank-holdings-that-looks-like-a-10-billion-mistake-51616500847) \[[additional source](https://edition.cnn.com/2021/02/16/investing/berkshire-hathaway-warren-buffett-stocks/index.html)\]. Also, with Michael Burry [deleting his twitter](https://markets.businessinsider.com/currencies/news/big-short-michael-burry-deletes-twitter-profile-warning-market-bubbles-2021-4-1030275994) this would lead me to believe that the wrinkly brains actually know what's going on. Something big is about to happen. I believe that GME wont be it's own thing. I firmly think the GME margin call will be a catalyst for an even bigger bubble lurking over. + +&#x200B; + +[Oh look, it's ol' trustworthy MarketWatch trying to pump bank stocks. i wonder why that is? :\)\)](https://preview.redd.it/twyeq0x9rft61.png?width=1948&format=png&auto=webp&s=f70e104c563beb4f0f1aed57abb2475547466968) + +&#x200B; + +**TLDR: banks loan out too many bananas to hedgies, and GME has the potential to be a catalyst for an even bigger bubble popping.** + +&#x200B; + +*This is just me speculating, none of this should be seen as financial advice. If i am tinfoil hatting or their is something i'm missing please let me know. Ape peer review ape. Moon soon 🚀🚀🚀🚀* + +\-Socrates ( ͡° ͜ʖ ͡°) + +&#x200B; + +&#x200B; + +edit: getting a lot of downvotes but no one giving counter DD in the comments. Hello shills, whistleblowing to the SEC can earn you a lot of money. Just give it a consideration.🙂 + +edit 2: [**Jpmorgan Chase (JPM) CEO Commercial Banking Douglas B Petno Sold $1.7 million of Shares**](https://finance.yahoo.com/news/jpmorgan-chase-jpm-ceo-commercial-031501920.html) **-** this news just came out today (16th April 2021). Now i know this seems conveniently timed. Just remember $1.7 million is chump-change to these people so i wouldn't read too much into it that they are expecting Armageddon, I say he is just doing some profit taking. Regardless, market watch articles pumping bank stocks around the same time is convenient to say the least. + +edit 3: [**JP Morgan with a 43% chance of Bankruptcy**](https://www.reddit.com/r/Superstonk/comments/mrxln5/macroaxis_a_company_started_in_the_wake_of_the/) **-** make of this what you will. +Edit: I think the question I meant to ask is "how can the average consumer figure out if a commodity they want to buy will appreciate or depreciate in value?" +How do credit unions compare in comparison to traditional banks in terms of their outcome, survivability, are there significant differences in how they allocate resources and investments, and what is your personal opinion on them? +This morning, our manager for our property located in TX went to the eviction hearing that was ruled in favor of the tenant. Our tenant had been renting the house for about a year prior to COVID and had no issues with making rents on time \~$1300 / month. The tenant is self-employed and has told my manager that he has been unable to work "due to COVID." We've been trying to work with him since April allowing 1/2 month's rent, trying different payment plans, etc... The problem is that he does not communicate with the property manager, refuses to sign any lease/payment contracts, and does not answer the door when she attempts to establish communication. In June, with one of our payment plan options, we offered to forgive all of the remaining balance \~$2500 AND return the security deposit \~$1300. He chose to not sign the contract and continue to ghost our property manager. Due to these factors, we decided to proceed with the eviction proceedings. + +This morning our property manager called us and said that initially in the eviction hearing, everything was going well as all of the communication (or lack thereof) was well documented and the judge seemed to be sympathetic to our situation and our attempts to work things out. However, when the tenant presented a CDC eviction moratorium declaration, [https://www.cdc.gov/coronavirus/2019-ncov/downloads/declaration-form.pdf](https://www.cdc.gov/coronavirus/2019-ncov/downloads/declaration-form.pdf) , the Judge's tone immediately changed and he ruled in favor of the tenant. Now we can't do anything until December 31 with the looming possibility that this moratorium gets extended. On top of that, our tenant has told our property manager that he has family in the area and was looking at larger houses with higher rents to move into. + +We're ready to sell the house and get out of this bad deal. We've had this property for 15 years and claimed depreciation and were going to look to do a 1031 exchange in the near future anyway. Any insight from the experts out there would be greatly appreciated! + +TL;DR. Tenant hasn't paid rent since April, refuses to work payment plans, ghosts PM, plays the CDC eviction moratorium in court, judge rules in tenants favor. Landlord (us) sucks it up until Dec 31 at the earliest. + +UPDATE 1: Thank you for all the advice out there! You all have some great experience and while some of the "kick down the door" comments were mostly downvoted, I've shared those same sentiments at times dealing with this situation (for the record not seriously considered this option). Since I consider myself an investor, such as yourselves, I'm really not looking to sell below market value, however thank you for all of your offers (I'd probably be doing the same thing). House is located in Corpus Christi TX. + +Numbers: Some of you have been asking about the specific numbers involved and I kept them in the general category since the tab is constantly running. In addition, there were a few instances initially where the tenant would work with us by paying 1/2 months rent in April and a few hundred dollars in June, always promising to work with us. Lesson learned for me is that if we had started the eviction process as soon as we had a non-payment, we would have beat the CDC moratorium as there would have been a small window to evict. + +Moving forward, it sounds like the two options we have are: + +1) Reattempt an eviction proceeding past Dec 31. This seems like the least "expensive" option at this point since I'm just losing another 3 months of rent. Hiring a lawyer, good idea, however I'm just looking at minimizing the losses at this point. + +2) Sell the house. Giving 30 or 60 days notice. Long term win since I'll be out of depreciation in another 5 years anyway. I'm still considering this as an option. + +&#x200B; +My startup is exiting in the coming months and I want to give a gift to each of the two hundred or so employees. + +My budget is $5k per person. Is cash the best route? Is there anything else that would make for a great gift? + +Edit: Thank you all, cash and swag seems to be the most logical option. I think cash is overdone so I will be instead giving out $5000 Applebees gift cards 😉 +So The central bank of my country(Egypt) has announced that all its all foreign exchange reservres have been burnt out, I am just a teenager and I have no idea how can this affect the economy or inflation rate and whether we should be worried about that or not, The news have been announced today yet nobody talked about that so far or gave any answers to the questions in my head. +I have $224,069 in savings and would love some advice on how to grow it into $1,000,000. I have been weary about making risky investments and big spending, which has got me to where I am, but since I am in my early 30s and still have the energy and motivation, I am open to making bigger moves with some risk if it means the potential for reaching that $1000000 goal! +I won't take much of your time and just list the reasons as to why you should invest in HappyCoin: + +* 4 days old; you are very early! +* Holders and price are increasing every hour; currently at $21M market cap and 23,000 holders. +* Main focus is raising funds for issues involving mental health +* 2.5% of transaction fees are kept for charity purposes while another 5% is redistributed to holders. You basically get richer just by holding while being charitable as well. +* Lead Dev revealed himself in [Twitch](https://www.twitch.tv/videos/997277469) wherein a donation of $20k was made to an organization which help grieving children cope with the loss of a family member. +* Social media influencers with millions of followers are promoting $HAPPY, this will lead to even bigger celebrities knowing about it and eventually shilling it. +* Very active and fast-growing community. Join us at r/thehappycoin and [telegram](https://t.me/happy_coinTG) +* Last and definitely not the least, look at that attractive [website](https://www.thehappycoin.co) + +HappyCoin is getting more and more traction everyday. No other BSC token has grown this fast, be an early investor and get in before we get to even bigger exchanges. Check it out and remember to always do your own research. + +**Website:** [https://www.thehappycoin.co/](https://www.thehappycoin.co/) + +**Chart:** [https://charts.bogged.finance/?token=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D](https://charts.bogged.finance/?token=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +**Pancakeswap:** [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +**Telegram:** [https://t.me/happy\_coinTG](https://t.me/happy_coinTG) + +**Subreddit:** r/thehappycoin + +**BscScan:** https://bscscan.com/token/0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D + +🙂 Don't know how to buy? Click [Here](https://www.reddit.com/r/thehappycoin/comments/mycraj/how_to_buy_happy_happycoin_s_quick_guide/?utm_medium=android_app&utm_source=share) +Tried posting these earlier --some helpful learning resources: + +1) All the Quantopian lectures, including Videos and research notebooks. A lot of knowledge here. +https://gist.github.com/ih2502mk/50d8f7feb614c8676383431b056f4291 + +2) A library of 80 algo strategies from QuantConnect. Each strategy is listed with an explanation, backtest results and python code. +https://www.quantconnect.com/tutorials/strategy-library/strategy-library + +Edit: Wow! My first ever awards on Reddit! Thanks a lot. These resources really helped me, and I hope they can help more people on their journey. + +Funny enough, I've tried posting these links here in the past but reddit spam filters auto-blocked them. I worked with the mods this time, and they made sure the post stuck. Thanks Mods! +I am 32 with a $9M net worth. While I'm sure some of you find it ridiculous that I'm coming to Reddit seeking this advice from strangers, I was recommended to this sub for alternative perspectives. So, here I am. My NW roughly includes: + +* $5M - $6M investment portfolio +* $3M generation-skipping trust (GST) (this will not materialize until my mother passes) +* $600k primary home +* \~$500k other assets (company stock, cryptocurrency etc.) +* \-$400k mortgage debt + +A bit about me: I struck it big early on and am now primarily invested in the stock market and a few alternative investments (passive real estate, small tech angel investment). I am a relatively "simple man" who has driven the same car for 10 years, doesn't own a vacation home(s), and am not a member of a country club. And yes, I track my monthly expenses to ensure we're not going rogue and I like numbers—so it's fun to track the data! + +I am married with no kids (will have 2 in the next 5 years) and live in a MCOL city in the USA. + +Right now, I am at a crossroads: whether or not to continue participating in the corporate rat race. + +It might seem crazy to some of you that I even contemplate continuing to work given my NW but, at 32 years old, all of my peers and personal network have day jobs so I feel like I should, too. What would I do?! Also, I don’t want to raise children as a non-working father. I don’t want them to think that is normal. + +Although stressful, I tend to like my job and the benefits it provides (full health coverage for family, 100% remote now with the covid situation, and interesting product vertical). With this in mind, I am not sure I am in a position to exit. And by position, I mean I feel like I would have *so much* time to kill that I think I would feel uncomfortable with that amount of the freedom. I don't want to be the 30-something-year-old with a past career. Although I feel burnt out, I do not feel like all the boxes have been checked. + +So my question to anyone in my position now or previously: even though you were financially in a position to retire, did you continue to work? If so, why or why not? If you retired very young, what did you do with all of that time? + +Edit 1: yes I have hobbies! Just didn’t mention them here. + +Edit 2: average monthly expenses are $12k/mo +I made the mistake of telling my family & some friends about the GME situation. I got in the action at $20 per share, now my buddies are shitting on me for not selling at $470. Feel like nobody except for this subreddit understand what's at stake. + +Everyone left at this point are true soldiers, with MASSIVE diamond hands 💎🙌 I'm not worried about the losses these past couple days, because I know what's going to come if we stay strong. + +Can't wait to prove my friends wrong. Hang in there brothers. +I find it really interesting how many people are choosing where to live based on what appear to me to be inconveniences that can be largely solved by moving to another neighborhood or adjacent town. + +Or the number of people who are done with HCOL metro areas and seem to want to move to smaller cities they know very little about. + +I’ve pretty always much chosen where to live based on the following things: + +1. High-paying job opportunities +2. Proximity to family and friends +3. Proximity to my professional, undergrad, and grad school network + +Which for us basically means choosing between the largest 5-7 cities in the US. + +But for those deciding to move to smaller cities where you have no family, friends, or network, are those things a factor at all? I’m trying to reconcile all these posts I’m seeing on fatFIRE (where presumably people can afford to live in wherever they want) with pretty much every single friend / close colleague of mine, all of whom seem to choose where to live based on job opportunities and/or proximity to friends/family and, as far as I could tell, would never move somewhere where they didn’t have one or more or those things. + +EDIT: As an example, I count four of these kinds of threads posted in the last 18 hours. +I get that their business model is great and they have a low cost advantage. But almost 200 PE???? And some of their products are total junk in terms of quality (unbranded stuff). Even Walmart at its peak was 70 PE. Is it just me? Is the market truly efficient and I'm a dumbass for not seeing what everyone else sees? Even Amazon wasn't that expensive during the 2000s. This is DOT-COM BUBBLE LEVELS WE'RE TALKING ABOUT. + +Get this: A 2.5 Lakh Crore company with 24k Crore Annual Revenues and a Below 10% Margin on Sales. + +Do people factor in: + +1) The rise of Online shopping (Amazon, BigBasket and countless others), + +2) other retailers (RELIANCE RETAIL, SPENCERS, RATNADEEP, BIG BAZAAR, etc.), + +3) the fact that their products are only 10-15% cheaper and not drastically cheap (sometimes my Kirana Wala's prices for the same branded products are cheaper by a large factor and I don't understand how. Does he have the low cost advantage too?) + +Do people just assume DMART will somehow grow at 35%+ for the next two decades? I understand compounding but their scale is VERY different from what they were 10 years ago. It's easy to compound at such high rates when you're small. What happens when the long term PE ratio after the growth phase corrects to a 25 PE? + +Again, not hating on DMART. Love how they've built it but has the market pushed this too far? + +(EDIT: the below comments make a case for the Huge untapped Indian organised retail market, real estate, lower costs by 20-40%, brand loyalty etc. Thank you so much everyone, I had written this off as way too overvalued to even analyse but I’m keeping this on my radar until I figure out how much the real estate is actually worth and more. THANKS AGAIN Y’ALL 😊) +I made the mistake of thinking a profession I chose would pay 60k a year doing a 40 hour week because the average I google said so. What i didn't realize was that this profession had lots of overtime that went into that average. Without the OT you're looking at 45k a year before taxes. Make sure to see how much the pay is and the hours worked needed for it. +#$SIMP is the #1 coin supporting the adult industry. We're already integrated and being used on 2 platforms, PocketStars and RocketStars platforms. More to come! + + +&nbsp; + + +**Lana Rhoades Ambassador** + +Lana Rhoades is giving us shout out across his social media channels. + + +&nbsp; + + +Here's a taste of how far she can reach: + +16.7 Instagram followers + +1.5M Twitter Followers + +1m Youtube Subscriptions with 5.7m views! + +Tiktok with **2.2bn** views + + +&nbsp; + + +**Pocketstars & Rocketstars On-Ramp** + +We're only 4 weeks old and already integrated onto 2 platforms as exclusive payment processors. We're now building an on-ramp to increase the adoption rate, and have 100% customers using the platform in SIMP - That will result in an extra $24m annual revenue pumping the token's volume. + + +&nbsp; + + +**Chief Operating Officer** + +We've hired a new Chief Operating Officer with tons of Corporate Transformational experience in driving FTSE250 companies to new heights; his vision will be applied to taking $SIMP to a market cap of £100m by end-Jan. + + +&nbsp; + + +**Announcements on the way** + +🚀 CEX listings - In talks and finalising a CEX in the coming days + +🚀 Burn Event - Burning 1bn tokens in 10 days + +🚀 London Underground & New York Billboards already booked and paid for - dates to be announced! + +🚀 Ambassadors - In talks with 2 others; announcements to come once contracts signed + +🚀 NEW Recruits - New hires including PR & Social, Community Managers & Developers + +🚀 Increased Volume - Regular announcements on success of payment processing across platforms ($24m annual volume going through SIMP!) + +🚀 New Markets - Updates on NFT Marketplace as well as other top secret ventures out into the real-world + +🚀 Marketing Wallet - $1.2m Marketing currently sitting in the marketing wallet + + +&nbsp; + + +**The Team** + +The founding leadership team is fully doxed, with experience in the adult industry as content creator (Elle Brooke) as well as marketing, ops and development (for PocketStars and RocketStars). + + +&nbsp; + + +🌐 Where can we connect?: + +Contract Address: 0xD0ACCF05878caFe24ff8b3F82F194C62Ed755707 + +$SIMP Token Website: https://letsallsimp.com/ (whitepaper available!) + +PocketStars Platform Website: https://pocketstars.com/ + +RocketStars Platform Website: https://rocketstars.io/ + +Twitter: https://twitter.com/letsallsimp + +Instagram: https://instagram.com/letsallsimp + +Telegram: https://t.me/letsallsimp + +Subreddit: https://t.me/letsallsimp +As expected, once the price started nearing $350 they tanked the price again. Nothing new to veteran apes, they did this back in March. However, their tactic last time was to drop the price much more violently to trigger as many stop losses as possible, and trading halted numerous times in the process. The end result was a $173.53 drop from a high of $347.67 to a low of $174.14 over about 25 minutes - including trading halts. We all know at this point that a trading halt is triggered when the price moves up or down 10% within a 5 minute span. + + +This time though, they nuked the price $63.66 from a high of $344.66 to a low of $281 over a span of 45 minutes. The biggest 5 minute drop though, was from $312 to $281 - an even $31. That's just $0.20 shy of the $31.20 needed to trigger a trading halt. So at face value, it seems they didn't want to trigger any halts this time, or this is a complete coincidence. I can't fathom why it would even matter now, though. + + +Side note: To new apes, don't let this rattle you. + + +Not financial advice. +I’m seeing far too much chatter from people who are a.) sure we are entering a 2 year bear market and others who are b.) sure this is just a dip in an extended cycle. + +I have a question for all of you people: when was the last time you were hungry, and I mean really hungry? When was the last time you were already late for rent and wondering what around your house you could sell to make up the difference? + +Make no mistake: I am a crypto maximalist. One of the OGs. But I also strive to be a realist. And let me assure you: people who can’t afford basic necessities don’t have time for made up internet coins. + +After being involved with crypto for many years I went through a rough patch in 2019 - 2020 where I was on food stamps and begging for rent money on social media. I was selling my shit on eBay and relying on charity to make it from one month to the next. I gotta say, I gave zero shits about what was going on in crypto land. My vision was focused on just making it day to day. + +And I think a lot of people are going to end up in that same mindset if a real recession hits us. People aren’t gonna have extra money to buy *any* crypto, not monkey nfts, not dog coins, not Algorand, not Ether, not even fucking Bitcoin itself. + +And I think you should mentally prepare for that. + +It should be a possibility on your mental list that crypto might be about to experience it’s first *true* crash, and it will seem like an extinction level event. + +——— + +edit: the fact that this is getting almost unanimously derided as bullshit (originally was downvoted to zero) suggests to me that I’m probably right. Y’all ride that hopium into the ground. To make money in this game you need to do the *opposite* of what everyone believes. It’s okay, I remember what my first bull market felt like too. + +——— + +edit 2: I don’t have the energy to reply to the hundreds of comments screeching “how are you an OG if you were on food stamps!” as if people can’t make mistakes, and if they do, as if they suddenly don’t have wisdom to share. The mistakes are what creates the wisdom. My alt account is /u/americanpegasus. I have been in crypto since 2012, and during the past ten years have both made and lost extraordinary sums of money. I wish you the same so that perhaps you can come out of it a little wiser for the journey. +*tl;dr even if you have insurance, you can negotiate your hospital bill down a significant percentage. I was successful in getting 30% off my latest bill. Thanks, Obama.* + +I've been futzing with sleep apea for several years (gg gaining 15 pounds in college) and recently decided to ask my primary-care doctor for a referral for a sleep study. + +He went through a brief questionnaire with me that ruled out narcolepsy, and boom -- I was scheduled to conduct an in-home sleep study using a machine the hospital provided me. Sounded great -- if the test was positive, I'd get a CPAP machine free of charge! + +What I didn't realize is that [the 15 minute appointment to meet with a nurse, who walked me through how to use the machine, would cost exactly $500 AFTER insurance \(hospital/physician services\)](https://imgur.com/a/DrgzO). I was barely 10% into my individual annual deductible of $500, so this was going to hurt a lot. + +[Thanks to a post from this person](https://www.reddit.com/r/personalfinance/comments/5auqdd/reminder_that_you_can_negotiate_your_medical/?st=j95v53cf&sh=3912f619), I decided to call my insurer to get my explanation of benefits explained (EOB). Once I was satisfied that they were dotting their i's and crossing their t's, I called my hospital to plead my case. + +1. My S/O and I are not poor. We are in fact quite privileged and live a comfortable life in the greatest city in America. Thanks to good budgeting and a healthy emergency fund, yes we could afford this $500 bill, but it would not be fun. We just welcomed our firstborn child into the world a few weeks ago, and recently purchased a home to boot. +2. Our insurance is actually decent. $500 individual deductible, $1000 family deductible. 100% coverage after either threshold is met. Premiums are manageable. +3. I was stupid and assumed that just because I wasn't meeting with an M.D. in person, I wouldn't be paying more than $100 in hospital/physician services. NOPE, a neurologist still reviews my test results! Duh! + +All right, so it's time to call the hospital and plead my case. I dialed the number, entered my account info, and.... + +**As soon as I explained my situation to the helpful rep from my hospital's financial services department (newborn baby, did not expect such a high bill for a test that I elected to take), I was immediately offered a 30% discount on my $500 bill**. + +I didn't even have to tell them, "I am only willing to pay $_______". I was literally quoted an updated figure and told to pay over the phone with a credit card or checking account. + +I immediately paid it and thanked the rep for being so helpful. Could I have pled for a 50% discount? Maybe. But again, my S/O and I have money set aside for unexpected/careless expenditures like this. I should have known better, and I felt it was appropriate to pay at least the majority of my bill. + +As for whether I'll be going back for a follow-up test to get my CPAP machine.....yeah, we'll see about that. + +Edit: I should have mentioned earlier, but yes this is a massive YMMV situation. +After 10 years on the FIRE path, a net worth of $650,000 and a long time believer in renting your way to FIRE, my mind has been changed. Our building was sold to new owners and we found out that we will need to find a new place to live. Before you ask, the new owners have followed all the rules and are legally repossessing our rental for themselves. + +Rent in our area has increased a lot so the prospects of finding something similar at a similar rent is zero. The stress of moving my family, possibly needing to change schools and daycares and leaving the neighbourhood we love has been brutal. We have decided to buy in our neighbourhood. There are a lot of pros and cons to buying vs renting. The upfront cost is high and it may negatively affect our time to FIRE by a few years but the security for our family is worth it. Every person's situation is different I just thought my experience can add to the debate. +I made mistake, kept rolling the contract. Now I have AMD 95$ P Sep 30 expiration. Share price is at 80. + +I see three options from here: + +1) Experience assignment, this will result in margin call. I can sell weekly covered calls on the shares and maybe over time could take less of a loss. + +2) Buy to close the contract now and take a big loss + +3) Roll out to 2023/24 for a net credit, but be holding up my buying power/margin for a long time + +Anyone have any thoughts/opinions? +I’m currently getting a Bachelor of Arts in Economics, and originally planned on going to graduate school immediately upon graduating. However, I’m beginning to reconsider and may want to pursue a job out of college for a few years and then go to grad school. + +I plan on taking intermediate micro, macro, Calc i-iii, linear algebra, econometrics, and maybe some programming and game theory if possible. But I’m also starting to think it may be wise to get a B.S. + +The issue is it may postpone my graduation by another year. Will a B.S. look substantially better on my transcript or is a B.A. and the aforementioned math classes perfectly fine? +I’m currently getting a Bachelor of Arts in Economics, and originally planned on going to graduate school immediately upon graduating. However, I’m beginning to reconsider and may want to pursue a job out of college for a few years and then go to grad school. + +I plan on taking intermediate micro, macro, Calc i-iii, linear algebra, econometrics, and maybe some programming and game theory if possible. But I’m also starting to think it may be wise to get a B.S. + +The issue is it may postpone my graduation by another year. Will a B.S. look substantially better on my transcript or is a B.A. and the aforementioned math classes perfectly fine? +Some of you may remember me. I wrote this article in May, 2016 two weeks before the DAO hack, explaining why I invested more than I could afford to lose in ETH: + +https://medium.com/citizen-crypto/investing-in-ethereum-what-can-you-handle-for-30x-returns-192f4043c492 + +I'm now writing a book about my experience and what it was like to go through the highs and lows of investing in the ETH and believing in the future of a decentralized world. A big part of my experience has been EthTrader. I've loved you all, hated you at times (when you sold), and drawn close to this community as a participant and for the last year as a lurker, as I have focused on writing this book. + +I still remember what it felt like to have a large stake of ETH in February, 2017 when I'd lost more than half of my investment and Bitcoin Maximalists and other trolls were telling us Ethereum was dead, yet we refused to fold. I had bills, mouths to feed, and a mortgage to pay. It looked like I’d made a serious fucking mistake. + +But then when I was in Puerto Vallarta on February 20, 2017 suffering from food poisoning, in a cab at 3AM on my way to buy Dramamine to stop the puking, I didn’t care because for the first time I was in the black. Between February 2017 and April 2017 ETH shot up more than 500% to $40, and then beyond. + +If you were around then, during those first Donut Days, can you share some anecdotes of what that was like? I’m interested in any particulars about how you felt and things you did in your normal life to deal with the beautiful euphoria and the mania. I’d love to consider including it in my book. I never experienced anything like it before, and I’ll never forget the camaraderie on this board, the constant holy shit moments, when we kept realizing that we had been right. I’d walk the dog all over town smoking cigarettes (I don’t smoke), listening to music and dreaming of what was next both financially, and in this new world that Ethereum would eventually usher in. + +I appreciate any feedback at all. And BTW, this feels like December, 2016 when there was blood in the streets, ETH was $6 but development and silent momentum was building every single day. I’m a true believer, so take what I say with a grain of salt (and buy ETH). + +(edit... words) + +What is given below is the learning I have till now when I investigated about my options for getting a term insurance. This is the study I have done till now and there is a huge probability that I have missed some points. Please give your feedback/pointers both in favor and against the points that I have presented below + +\_\_\_ + +&#x200B; + +With various restrictions in place by IRDA, there are not many advantages of paying a premium to large ‘reputed’ companies for their insurance cover. Let us analyze various concerns you might be having + +&#x200B; + +* **Insurance companies will find a way for exclusions** + +Do investigate under which all circumstances they could reject a claim. But unlike health insurance, life insurance is simple- either you are dead or not dead. Even suicide is covered after 1-3 year of policy depending on the policy (Just proving a point. Not that I am advocating it) + +Note: By adding the riders like accidental death which is hard to prove, we make it complicated. So better to treat life insurance in its original form and get a separate insurance for other needed covers. + +&#x200B; + +* **Small companies will reject my claim no matter what** + +This is not true. According to [Insurance Laws (Amendment) Act 2015 Section 45](https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo3476&flag=1) + +“No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.e., from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later” + +This means, after 3 years, even if they find that some information is not correct in the form you submitted, they can’t reject the claim. + +So, ensure that you provide correct information to the best of your knowledge when you take a life insurance. But no need to worry about claims getting rejected because you missed to cross a ‘t’ in your form. + +&#x200B; + +* **They will make us wait a long time to settle** + +They cannot. As per the regulation [14 (2i) of the IRDAI Policy holder’s Interest Regulations 2017](https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo3191&flag=1), companies need to settle the claims within 30days of receipt of the documents. If they require further investigation, they need to do it in 90 days. + +So there also the maximum one needs to wait is 90+30 days. Some companies provide features like giving interest on the assurance amount from the date of receipt of all the required documents. But is 30 days maximum interest worth all those extra premiums? + +Insurance broking companies like policybazar, coverfox etc. have representatives in major cities who will be able to do the documentation on our behalf in case of any claim. They will be able to guide us in getting the needed documentation thus decreasing the chances of delay. + +&#x200B; + +* **What if the insurance company gets closed?** + +Sections 35, 36 and 37 of the Insurance Act provide guidelines of amalgamations and transfers of insurance business. As per this, an insurance company just cannot exit the business. It can only merge with other companies and that too with certain conditions thus protecting our insurance cover.They are also required to keep the solvency ratio of 1.5 which means if the company gives 100Rupees cover, they need to keep aside 150 Rupees (see note), thus ensuring that the company will be able to provide the insurance money. + +Note: + +* Solvency ratios in insurers is (Net Income + depreciation)/Liabilities. So example is not 100% accurate, but an approximate. +* You can check the history of [Aegon Life](https://en.wikipedia.org/wiki/Aegon_Life_Insurance_Company) & [IndiaFirst insurance](https://en.wikipedia.org/wiki/IndiaFirst_Life_Insurance_Company) on how the partners exited the business, merged with others etc. due to business and regulatory reasons. + +## Conclusion + +These arguments are based on the rules as of today and is subject to change it future. But historically, the rules get stricter and not the other way around. So, it is safe to assume that there is no real advantage of going with the company with good names. What you may consider is the solvency ratio and the customer service +We were all too early... However, we weren't wrong. + +What am I talking about? Let's look at the calendar. + +January + +February + +March + +April + +May + +June + +July + +August + +Septembrrr + +Octobrrrr + +Novembrrr + +Decembrrr + +It's about damn time Apes. + +Get Rich or Die Buyin! +After a couple of f*ck-ups on the part of our local oncologist, the wife and I are seriously considering moving all our medical needs to Mayo Clinic and damn the extra costs - Mayo being the place most seem to espouse as the #1 place to go in the U.S.. Just wondering how many here have actually taken the Mayo plunge and what your experiences/feelings have been on the institution in comparison to other everyday medical facilities. How is it better, does it live up to its reputation, is it worth the extra travel/fees/time involved, etc.? + +Thank you! +Not sure why there's FUD following Biden administration's plan for crypto transfers over $10K be reported to the IRS from 2023. This is good news in a bad week for crypto. IMO the US gov just admitted crypto is here to stay. + +Unless I'm missing something, I'm not selling. + + [https://www.theblockcrypto.com/linked/105543/irs-biden-crypto-transactions-report-10000-tax-gap](https://www.theblockcrypto.com/linked/105543/irs-biden-crypto-transactions-report-10000-tax-gap) \[Edit: Link added\] +**FYI** u/jsmar18 **banned me 20 days ago for nothing and has yet to lift my ban. You're reading my DD from Oct 20th...Check that chart at the bottom :) Want more?** u/Karasuuchiha **banned me from gme also for nothing.. epidemic of bad mods if you ask me. Read my DD and ask yourself "why is that happening?" If jsmar sticky's a comment, know i can't reply and he knows that. I have some screenshots -** [**shorturl.at/ruEJ3**](https://shorturl.at/ruEJ3) **- where did all the DD writers go?** + +# The Everything FTD - is basically what Jim Decosta was saying + +Jim Decosta and Thomas Reilly need to do an AMA in my opinion...the knowledge given would be invaluable + +EDIT: that this practice is so widespread and so bad that all naked shorted/naked sold companies would see these backlogged FTDs come back and squeezes would pop up everywhere....guess what..this year is what he was eluding too. FTDs are the achilles heal of the entire current crooked market structure + +https://preview.redd.it/tehb45q9rmu71.jpg?width=583&format=pjpg&auto=webp&s=72aa1a7f99525cc0739645dd9cb8d1422b4c182d + +[https://www.sec.gov/comments/s7-12-06/s71206-826.htm](https://www.sec.gov/comments/s7-12-06/s71206-826.htm) + +Overstonk on RegSho list for 500 days consecutive\^ + +https://preview.redd.it/gb23k8ytwmu71.jpg?width=1130&format=pjpg&auto=webp&s=974e8f68920a9454ed214f8462ebbfe2ea7b20c5 + +https://preview.redd.it/n3qbvgvarmu71.jpg?width=593&format=pjpg&auto=webp&s=660d1054d1f220880e9a958e3b1eb21b1013539c + +MUST READ!!! Jim Decosta letter to SEC chair in 2008 explaining the who, what, when, where, and why of FTDs being hidden using international markets, DTCC, NSCC, the continuous net settlement system helps hide 96% of delivery statuses... 192 million FTDs is so low guys... there were more than that in January alone!!! + +**$GME has had on average about 110 million volume per month for the last 8 years. Every share that was bought and never delivered.... is still an undelivered share. The name of the game is not to buy back in the FTDs, it is only to siphon money from retail investors who thought they were really buying a piece of a company.** + +[https://www.sec.gov/comments/s7-08-08/s70808-428.pdf](https://www.sec.gov/comments/s7-08-08/s70808-428.pdf) + +[https://www.sec.gov/comments/s7-30-08/s73008-75.pdf](https://www.sec.gov/comments/s7-30-08/s73008-75.pdf) + +[https://www.sec.gov/comments/s7-12-06/s71206-88.pdf](https://www.sec.gov/comments/s7-12-06/s71206-88.pdf) + +# ----------------------------------------------------------------------------------------------- + +# This document in this link is pictured below: + +[https://www.sec.gov/comments/s7-30-08/s73008-110.pdf](https://www.sec.gov/comments/s7-30-08/s73008-110.pdf) + +&#x200B; + +https://preview.redd.it/oeie1olymmu71.jpg?width=668&format=pjpg&auto=webp&s=71cfe763ca7860f36a255c61da3329890d5c0a02 + +&#x200B; + +https://preview.redd.it/bf0qi2k0nmu71.jpg?width=665&format=pjpg&auto=webp&s=c536515c9f7766c8abf1bf3ab16a9bc219ab95a9 + +&#x200B; + +https://preview.redd.it/ci7bl9yinmu71.jpg?width=648&format=pjpg&auto=webp&s=60b56dfb965ca6bf9c56ee73e4edf81881d2c2c1 + +https://preview.redd.it/kad3wct9nmu71.jpg?width=674&format=pjpg&auto=webp&s=7c5b437d830e7290fcb45deaf9ce90a319aba5f9 + +https://preview.redd.it/eje99o54mmu71.jpg?width=637&format=pjpg&auto=webp&s=32eaa0977658cfd30c58ee415bfbf94400a23518 + +https://preview.redd.it/zdumg563mmu71.jpg?width=643&format=pjpg&auto=webp&s=8238904c8ee9563cf70933fa1f507981643d5475 + +&#x200B; + +https://preview.redd.it/fuchou5zlmu71.jpg?width=659&format=pjpg&auto=webp&s=bb81358a1bb47dbb143ef5c472a53a4a46b8cc91 + +https://preview.redd.it/0emfi6yxlmu71.jpg?width=693&format=pjpg&auto=webp&s=4a7028f10dd501cab930fbabd727235022c3ff4c + +https://preview.redd.it/w0g0fc6vlmu71.jpg?width=651&format=pjpg&auto=webp&s=676ea17f4dad7517f10a7251e991e123442db69c + +**"1. The SEC must incorporate a mandatory pre­borrow on all short sales being executed. The mandatory pre­borrow will reduce significantly fails attributed to both long and short sales and will guarantee settlement where a hard close only guarantees a buy­in will occur.** + +**2. The SEC must modify the rules pertaining to bona­fide market making to limit the persistence of any fail created by the exemption. Bona­Fide market making must define a firm settlement period instead of making it arbitrary. That period should be defined as T+5.** + +**3. The SEC must place hard requirements on the stock lending system to mandate a delivery period on stock recalls. In the event that a long sale is executed and the shares held in that account have been loaned out, the recall and delivery of shares must be completed by T+5. This allows the short seller a few extra days to either borrow shares for delivery of go into the open market and purchase shares under guaranteed delivery.** + +**4. The SEC must draft language that defines the requirements of a buy­in including the definition of buy­in and settlements. Buy­ins must be at guaranteed delivery and not to simply roll fails. Penalties must be identified for those that do not buy in with the intent on meeting guaranteed settlement.** + +**5. Uptick Rule. The SEC must reinstitute a viable uptick rule that restricts all short sales from being executed into the bids. This would include short sales executed by market makers on behalf of bona­fide market making activities.** + +**6. I further recommend that the Division of Enforcement and the Office of Compliance and Inspections pursue detailed investigations into exactly why trading continues to prevail into settlement failures for greater than 17 days (better yet 6 days). The two divisions should work together to identify patterns of potential abuses by individuals or firms including market makers, hedge funds, or other trading parties. It is unclear at this time that this effort has even been conducted to a level adequate to ferret out the fraud.** + +**In the response to the OIG the Division of Enforcement staff cited a lack of resource as cause for not investigating the 5000 complaints received in 2007 relating to naked short selling. Lack of resource is an excuse comprised out of inefficiencies. To date, the SEC Division of Trading and Markets has handled short sale reforms inefficiently and it has drained the staff of opportunity to work on other pressing issues. It is now time to stop this circus and move on. This round of rules must meet the standards of finality and that means meet the standards of success against any type of market we are up against."** + +&#x200B; + +https://preview.redd.it/w01pog75qmu71.jpg?width=651&format=pjpg&auto=webp&s=6efd3a01fd695e597905e2acf2b50b23f73fb76b + +PSA: Only b\*t accounts use the words "cumulative" and "aggregate"...some reddit bots use Eli5(explain like I'm 5) sub reddit responses to make comments on posts. Test one of the b\*t reddits for yourself + +FYI: Just above this last image is a list of suggested changes to the market, what do you think about them? Have any of them been implemented? + +Still working on this carving btw: + +https://preview.redd.it/qm7jek8utmu71.jpg?width=822&format=pjpg&auto=webp&s=c29197f9ebd03db23a213d07811565b080523cbe + +# + +https://preview.redd.it/i528nop1mqu71.jpg?width=1434&format=pjpg&auto=webp&s=e381e781edde506eeec7ce17476c1f04a8870ccd + +# ^ Still on track? + +# [https://www.britannica.com/event/Mississippi-Bubble](https://www.britannica.com/event/Mississippi-Bubble) + +\^ where naked selling began I think as well as the South Sea Bubble of 1720 + +# EDIT: 11:35 PM EST 420K Views!!!! It's only fitting that I make this the last update + +&#x200B; + +https://preview.redd.it/0485sgzl4qu71.jpg?width=828&format=pjpg&auto=webp&s=631f8c183cc118c385f6ee2bc185c37fca6a451c + +&#x200B; + +**It'd sure be nice if we could let the SEC know that we know they know the FTDs are backlogged and waiting to be bought in so we can install a new stock market computer system that won't allow this counterfeiting of shares any longer** + +I can't help but think that this phrase "house of cards" is where u/Atobbit got the title for his DD because he was already thinking about FTDs talking to Susan Trimbath live that one day. It's a shame he made a correction to his DD and someone wrote a scathing post about him and he vanished after that...why would anyone turn their back on Austin like that....he opened the lid to pandora's box. That guy is a national treasure btw + +# #SECknows <--- search that on google + +&#x200B; +According to the Transamerica Center for Retirement Studies’ report, the median retirement savings in the United States by age is: Americans in their twenties: $16,000 Americans in their thirties: $45,000 Americans in their forties: $63,000 Americans in their fifties: $73,000 Americans in their sixties: $117,000 Americans in their seventies: $172,000 + +I have no hope other than crypto to retire. +Apologises if this is a bit vague, but why do governments and organisations place such emphasis on constant growth? Is it inherent to capitalism to require constant growth? Could Capitalism hypothetically reach a state of equilibrium as a means of preventing financial crises? +Sorry if this isn't the right sub, but I'm not sure where else to ask. + +I've been taught that Marx beleived that, after the revolution and dictatorship of the proletariat is established, a planned economy would be put in place. I've also been told that, later in this process, people will start working for the common good of the people and the state will "wither away". I wanted to know how this planned economy could continue to operate or even exist if there isn't a state to implement or enforce it. Maybe I'm not understanding the meaning of withering away. + +Thanks a ton +Hi, so I made this cool indicator that can rate stocks performance over a period of time, similar to Sharpe Ratios and Sortino Ratios, using 3 factors **(return %, area under curve and length of line)** and weighing the factors to output a score. + +It weighs return % most heavily since after all, that is what is most important, then it weighs the area under the curve second most, more area means more gains during the time (usually) and then it weighs the length of the line the least. It weighs the length of the line because the more volatile a stock is the "longer" their "stock line" has to travel to get from point A to point B. So it weighs it negatively, as in the longer the line, the worse. The formulas to calculate area is like finding the area of multiple trapezoids and the formula for length of the line is just simple Pythagorean Theorum, **c** in this case being the length between each price, **a** and **b** being the days between the prices (usually one) and the change in the price. + +The great thing about it is that you can adjust how the algorithm weighs each factor and adjust the risk and returns to your own preferences. For example, if you wanted to have a safer investment and a higher sharpe ratio while still having good returns in the end, you could weight the return % and length of the line more than the area. Or if you wanted to prioritize not having big dips, but still open to upward volatility, you could weigh area under the curve more and a bit of return % but not the length of the line too much. + +So, below is the performance of my portfolio when fed the performance of NASDAQ 100 stocks in 2004-2010 and it chose about 20 and **wieghted them in a portfolio based on their score**, so some stocks take up more % of the portfolio. In this instance, I weighed return % alot and area under the curve quite a bit, since I was aiming for a high growth portfolio and still willing to take on some volatility. Overall it averages almost ***30% annual return*** from 2004 to today, with a sharpe and sortino ratio of 1.14 and 1.9 respectively. I posted some pics about its performance below and I was wondering if i could get some feedback. + +[Performance Summary 2004 - 2022 \(Log scale\)](https://preview.redd.it/8grcmpbdbxi91.png?width=3791&format=png&auto=webp&s=6ad1fd5d342b1755cdd5c9ca1f452e49f446e200) + +By the way its Buy and Hold, so it only buys those stocks once and then just holds it while reinvesting dividends. No trading or adding capital. Blue is my port, is the S&P 500. One thing that I found is that the stocks is chooses are a bit tech heavy, but as you can see from the annual performance chart event though it falls significantly more than the S&P in 2008, it bounces back much harder in 2009. + +[Annual Return vs SNP](https://preview.redd.it/497ncfrnbxi91.png?width=3362&format=png&auto=webp&s=b24da94a94a9920129d5f8715a6ca08e9ef093b9) + +Here you can see its performance during the 2009-2021 bull run, and it ends up with a whopping 37.34% average annual return, and a 1.65 Sharpe ratio and 3.44 Sortino ratio. + +[2009 to 2021 December](https://preview.redd.it/hvy5i61jcxi91.png?width=3762&format=png&auto=webp&s=4244a7ddc3d4870e0a5a2b892ad486e1751d653f) + +[Portfolio Allocation \(final\)](https://preview.redd.it/ntvvncgqbxi91.png?width=3742&format=png&auto=webp&s=623736eb6769142c1796d9fafcc49303c89e6689) + +Please let me know if you have any tips, spot any flaws or have any questions that you want to ask for me to clarify. Thanks for taking the time to read this far! +I'm buying renter's insurance for the first time because my new building requires it. I'm trying to be a responsible shopper by getting a few quotes, comparing them, and then reading the contract before I agree to it. This is how I've always been taught to make big decisions like this. + +But apparently that's not how the rental insurance world works. I've talked to three companies now (State Farm, Allstate, and Geico), and they've all told me they will not send me the contract before I make payment. I called the DC Department of Insurance, Securities, and Banking, and bafflingly, this is a perfectly legal practice. + +I spoke to an understanding man at Geico who explained that, at least for them, they were reselling the insurance of one of their partners, and they are contractually obligated not to release the contract before someone purchases insurance. He told me this is standard practice in the renter's insurance world and that no company wanted their contracts (called an HO-4) released prior to payment. He sent me an example of what an HO-4 typically looked like that he found online ([here](https://www.uuinsurance.com/z_Agent_PDF_Forms/Policy%20Jackets/HO4%20Renters.pdf)), but couldn't find the contract I would actually be agreeing to (Assurant's March 2017 rental contract). + +So here are my questions, from most to least pressing: + +* Does anyone have a copy of Assurant's March 2017 Renter's Insurance contract for the District of Columbia? +* Is there a good source online for me to find more of these contracts? +* Does anyone know if State Farm and Allstate are similarly resellers of insurance? +* If they are resellers, do you know who they would source a DC rental policy from? +* How can I get copies of these contracts before I agree to them? +* Why does this business work this way? +Hello there fellow apes! I have an interesting theory to share with you today, that if plausible, would be able to explain how Citadel (and maybe even other hedge funds with massively overleveraged positions against GME) have been hiding the true extent of their short position, as well as give a good estimate of how many shorts they have truly been hiding. + +In order to properly explain this, we need to look at another entity that was in a similarly overleveraged position (suffering heavy losses as a result), and who other to perfectly fit the bill than **Archegos Capital Management**. + +# The Archegos Capital Management Fiasco: + +Archegos, just like Citadel, suffered massive exposure in their positions in the stock market and ended up collapsing with *billions in dollars of losses*. But what exactly were they doing that lead them on this path to utter destruction? Well, according to a [WSJ article](https://www.wsj.com/articles/what-is-a-total-return-swap-and-how-did-archegos-capital-use-it-11617125839), *total return swaps played a large role in how overleverged they were in their positions*. + +So what in the goddamn is a [total return swap](https://smartasset.com/financial-advisor/total-return-swap)? I'm glad you asked. A total return swap is basically a contract between two parties (such as a hedgefund and a bank) , where one party makes a series of payments to the other, and in exchange they are receiving the full return of the assets being held by the other party. In essence, one party is paying another to hold assets for them in exchange for the returns the asset would give them, *as if they had owned it themselves*. WSJ has a nice graphic of the process behind it here, given that this is happening between a hedgefund and a bank: + +[In this demographic, the hedgefund pays fees to the bank to buy assets for them and gets returns based on the returns of the assets. If the position is highly leveraged, the bank can margin call them and sell their positions if they fail the call.](https://preview.redd.it/kgxpxkz30b771.png?width=666&format=png&auto=webp&s=df8d9cca2d57301e9dcd617c7e7d84f2e875f7e5) + +In Archegos' case, they were EXTREMELY overleveraged (as a lot of their positions were concentrated on certain stocks like blue chip stocks), and when they got margin called and couldn't put up the collateral the banks they paid to hold their assets for them sold them into the market, causing *market wide sell offs* in the positions that they held billions of dollars in. This lead to their downfall, and shows why so many people are against total return swaps, especially if you *don't even have to disclose you have them like Citadel and other hedge funds can*. + +# How does this connect with Citadel and friends? + +It doesn't make sense to say that Citadel or Melvin Capital or any other hedge fund that shorted GameStop had *total return swaps*, because they actually *were* in ownership of their short positions. However, as I was scouring the sub, I came across a [post](https://www.reddit.com/r/Superstonk/comments/o776lz/i_know_exactly_who_is_holding_the_05_puts/h2x1333/?context=3) (its worth checking out) that had a nice comment by u/taimpeng that goes into detail on how there could be the exact EQUIVALENT of a short position using *synthetic return swaps*: return swaps between a synthetic prime brokerage and a hedge fund that hedge funds can use to gain massive leverage (similar to Archegos using total return swaps to gain massive leverage on their positions) , that would effectively allow them to have a short position without *actually* owning the short position. + +[Seriously, give this man an award! This is gold.](https://preview.redd.it/vaq7xmm88b771.png?width=890&format=png&auto=webp&s=7b2fb7cba925f9d0f82743af182556378aba09af) + +Taimpeng here basically states that through netting by novation, its possible that hedge funds like Citadel, Melvin Capital, and other hedge funds can essentially say that they have "closed their short positions", but effectively just create an equivalent of the short position by entering into a contract with a synthetic prime broker to say, "hey, we want you to *swap* our short shares with OTM put contracts. We'll hold the OTM puts and we'll pay you to keep hold of our short shares." This would, in effect explain how those 0.5$ strike July 16th puts appear in the options chain, and why it looks like GME isn't as shorted as it **actually** is. It helps to explain the FTDs to some extent too as a lot of these shares could have been nakedly shorted, but put under the veil of these put contracts that makes it look like the shares actually exist. If this is the case, then we can go down the options chain to all OTM puts of the like and find an estimate of the equivalent accumulation of short shares that the hedge funds have worked together to hide through these OTM put contracts (at least the ones in the option chain that haven't expired) , so l took the liberty of finding where most of these are (this is using [yahoo finance options data](https://finance.yahoo.com/quote/GME/options?p=GME)): + +[This is for July 16th. Basically what I'm doing is sorting by open interest and adding up the highest ones \(as in thousands of open interest\) on expirations that have suspicious OTM low strikes like there are here.](https://preview.redd.it/ff7un4tohb771.png?width=816&format=png&auto=webp&s=9d387eac1f293050e32b20f222d50a936f144c69) + +For reference, here is what the puts on a options expiration date is *supposed* to look like: + +[Here, the open interest shows up low overall on strikes OTM like 10$ and 50$ which don't signify much suspicious activity at play.](https://preview.redd.it/nyn2273gnb771.png?width=812&format=png&auto=webp&s=d9353baa9c0735eaca9cc12e0ca83eb5a97e7cce) + +I will now show you the rest of the dates that these suspicious OTM put open interest appears: + +[October 15th, 2021](https://preview.redd.it/hcigmh0skb771.png?width=829&format=png&auto=webp&s=d7cd0bff9bed635400694fad7d8053a9888aa9c2) + +[November 19th, 2021](https://preview.redd.it/hqkcs5hclb771.png?width=823&format=png&auto=webp&s=3c0ebe3528cf42b396209dd3de6a8d07612239b1) + +[BIG one for January 21, 2022](https://preview.redd.it/a7mguofbmb771.png?width=830&format=png&auto=webp&s=fb2711873a2e93b658ee41976308ba9a8b4f2169) + +[January 20, 2023](https://preview.redd.it/r5uoay4vmb771.png?width=816&format=png&auto=webp&s=7e6246ee344e1c4b73a66cf41b32d06038ba62dd) + +After crunching the numbers, here is a table of what I found: + +&#x200B; + +|Options Expiration|Approximate Suspicious OTM Put Open Interest Total| +|:-|:-| +|July 16th, 2021|408,746 put contracts| +|October 15th, 2021|27,433 put contracts| +|November 19th, 2021|35,689 put contracts| +|January 21, 2022|267,336 put contracts| +|January 20, 2023|56,776 put contracts| +|Total:|795,980 put contracts| + +HOLY SMACKEROOS that's a lot of put contracts, and that's just the ones that I could find! There could be a lot more put contracts they spread out that I couldn't find over other expiration dates, these are *just the put contracts where the put open interest stands out suspiciously on low strikes*. For the grand total number suspicious put contracts being at approximately 795,980 put contracts, in terms of shares that would be... **79,598,000** shares short. Not as high as you would think, but also keep in mind that this does NOT include the shorts they have covered already through FTD buy ins in the FTD cycle, as well as shares short they could be hiding through other means that we don't know about. If we were to calculate the short interest based on current data, we would have: + +79,598,000 shares short / 70,800,000 [shares outstanding](https://finance.yahoo.com/quote/GME/key-statistics/) ≈ **112% short interest** + +Quick edit: This is the short interest based on OTM Put data ALONE. If you were to add the short shares currently reported ([9.67M](https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.59.1) according to Finra data) on top of this, the *revised calculation* would be: + +89,268,000 shares short / 70,800,000 [shares outstanding](https://finance.yahoo.com/quote/GME/key-statistics/) **≈ 126% short interest** + +**AND THIS IS STILL EXCLUDING GOD KNOWS HOW MANY SYNTHETICALLY CREATED SHORTS EXIST.** + +# QUICK EDIT AGAIN: I've recently just read u/criand 's [post](https://www.reddit.com/r/Superstonk/comments/o7klxj/looks_like_the_recent_robinhood_class_action_si/?utm_source=share&utm_medium=web2x&context=3) that goes into depth on the deep ITM CALL side of options (Side Note: I find it weird that these contracts were around the same strike prices too for both puts and calls, makes me think we can get an idea of the strike prices of their short position based off that, just some food for thought), and I think everyone should take a look at THAT as well as it is most definitely a good read. Just for shits and giggles, I've decided to include the call side of the shares shorted based on his post to grab a good estimate of the synthetic shares overall. + +According to his post, approximately 1,100,000 calls in open interest were present (this is during January) , or **≈ 110,000,000 shares overall on the call side regarding suspicious deep ITM calls.** SO, to add that on top of the already existing shares short we have: + +# 199,268,000 shares short / 70,800,000 [shares outstanding](https://finance.yahoo.com/quote/GME/key-statistics/) ≈ 281% Short Interest + +# Edit: saw some comments asking to do short % of float so here it is + +79,598,000 shares short / 55,480,000 [float](https://finance.yahoo.com/quote/GME/key-statistics/) **≈ 143% of float shorted** + +Revised calculation: + +89,268,000 shares short / 55,480,000 [float](https://finance.yahoo.com/quote/GME/key-statistics/) **≈ 160% of float shorted** + +# Calculation including the deep ITM CALL side from criand's [post](https://www.reddit.com/r/Superstonk/comments/o7klxj/looks_like_the_recent_robinhood_class_action_si/?utm_source=share&utm_medium=web2x&context=3): + +# 199,268,000 shares short/ 55,480,000 [float](https://finance.yahoo.com/quote/GME/key-statistics/) ≈ 359% of float shorted + +That is a MASSIVE amount of short interest, and shows that **GME is still very much being manipulated even if we can't see it on the surface**. If they have to buy all of these shares at once when we quite possibly own the float MULTIPLE times over, they would have to buy approximately 199,268,000 shares ***MULTIPLE TIMES.*** The share price would *definitely* go into the millions in that circumstance (at least in my opinion), and we KNOW the hedgies can pay it too. ***BUY AND HODL.*** + +# Post DD Message: + +Thank you guys again for reading my DD! :) On this DD I felt motivated to find out what the hedgies were hiding in terms of short shares, as I felt left in the dark as to what was happening overall and there was a lack of explanation for *a lot* of things in my mind. This theory only manages to explain a little, but I hope what I found was helpful to you guys and maybe give you a little confirmation bias going forward. It's hard going against the grain, where there are so many people around you that think "oh GameStop is done" and "the squeeze has been over for months now", so I truly applaud each and every one of you that have been hodling with those diamond fucking hands of yours. Anyways, it's getting pretty late right about now, so I think that's gonna be about it for this DD. I'll try to hang in the comments before going to bed but I hope you guys have a nice rest of your day! + +&#x200B; + +EDIT: ~~WTF? THE OPTIONS CHAIN IS BEING HIDDEN NOW..? I have no clue. This could just be because its late and the computers are resetting or something but its suspicious to me.~~ + +EDIT 2: I've been seeing in the comments that yahoo finance seems to regularly have this phenomenon with their data at night (open interest data resetting). I've removed the images just so the post is a little cleaner now and doesn't stir confusion regarding the data. +I was always under the impression that NPS is not a great tool given that there is a restriction that you can only withdraw <=60% of the corpus upon retirement. +However, the implication by investing in NPS is huge (I assume 80C is already being filled to 1.5 lacs and you are unsure about investing additional 50k in 80CCD). + +Option 1 Avoid NPS: You pay 30% tax, so essentially you keep 35k cash in hand. Now just to reach back 50k you need to earn a return 40%/year. Very difficult. + +Option 2 Choose NPS: Right away, you are essentially earning 15k + you have decent returns to be expected (8-10% annual). + +Curious if there are others who choose to not invest in NPS and what your reasons are. Because, currently it seems like a very attractive option for someone in the 30% tax bracket. +I knew of two people who already attempted suicide from this bear market. everywhere I go I see people people who last posted on twitter/finviz/here/anecdotally in March or may saying they were going to kill themselves. in a certain discord there's been a user who amassed a lot of capital gains in crypto and penny stocks back in 2021 due to getting around 1.5 MM, which he had to pay off during this drawdown, meaning he cannot DCA or "buy the dip". the payment plan was 6k a month for a good 3 or 5 years. + +Once this drawdown started, he put his entire net worth into more and more increasingly risky picks to try to break even, since he believed in David hunter's "melt up". eventually he was stuck with his entire net worth into TQQQ, trying desperately to just "break even and get out of this scam system". every day this user was having a mental breakdown. + +recently he said he was buying more TQQQ on margin. he said if QQQ went down by 2%, he'd be entirely liquidated. he said he didn't care because he'd kill himself. the entire discord went into a group call with him and tried to convince him to sell instantly at market open since this was a dead cat bounce but this user insisted it was the bottom and that "we are off to ATH by EOY like David hunter says". + +today, QQQ fell by that dreaded amount and more. he posted saying he didn't sell because he thought the gap up today in the early morning was continuing. he said he's gonna do it tonight since QQQ is most likely staying down. + +WTF do I do??? everybody's dropping dead man!! +Hi here I want to tell you about what I think is the most undervalued stock right now. It can be a huge value play here’s why: + +GROWTH : 37% yoy in revenues, cloud business with now positive Ebita and growing at 50%. + +The company operates in the online-retail market (mainly) in China, which is expected to grow its GDP and surpass the USA in 2028. + +Debt and Moat: Low debt, can pay all its debt with cash, so it can be considered a financial fortress as Buffett uses to say. + +Alibaba has definitely a moat with can be seen from different points of view: + +1) Network effect = The fact that the 53% of online- retail sales is from Alibaba and its platform creates a continuous increase in the number of users. + +2)Barriers to entry= In this market there are only few players becoming a sort of oligopoly. + +3)Economies of scale= Alibaba has shown its ability to scale, and so to increase its revenues without decreasing its profit margins, and it is able to grow and at the same time to reduce the “per-product-cost”. + +4) Substitution costs= Alibaba operates with online- salers which probably have made investments in order to position themselves in the Alibaba platforms, and it could be a huge cost to change platform. + +PRICE: Alibaba trades at 25/26 PE, forward PE of 20. And here nothing else to say. Considered the future growth is very cheap. + +WHY IT IS UNDERVALUED: It is undervalued because market hates uncertainty and I think that the market fears are + +A) Usa-China relationships + +B)CCP, because it is mainly a dictatorship and for example the ccp can do whatever he whats with its companies and population + +—> WHY THE MARKET IS MAKING A HUGE MISTAKE: + +CCP is in continuous competition with USA, and I think that it will never destroy his “diamond tips - companies like BABA or Tencent. + +CCP ,as Charlie Munger said at BRK annual meeting in Los Angeles, has discovered the “formula” that is a form of economic-regulated capitalism. + +For these reasons I think baba is hugely undervalued and as its fair price could be 320/330$ per ADR share. + +P.S. +Sorry for my English, I am Italian😂 +**Official announcement here with details:** https://basicattentiontoken.org/dow-jones/ + +>"The two companies also aim to collaborate on and experiment with blockchain-based technology in media and advertising. They plan to test a number of innovative solutions in the news and information space, including delivering content via Brave’s blockchain-based digital advertising and services platform." + +Dow Jones will use BAT's blockchain-based digital advertising platform (Basic Attention Token). + +Free subscription to Market Watch and Barron's (Wall Street) for Brave users too. + +Dow Jones owns the Dow Jones Industrial Average, Wall Street Journal, MW, Barron's, a bunch of other major Wall Street names. + +Basic Attention Token (BAT) is from the inventor of the Javascript programming language, and founder of Mozilla and Firefox. + +___________ + +**Featured just now in AdWeek:** http://www.adweek.com/digital/dow-jones-media-group-is-experimenting-with-a-blockchain-platform-that-wants-to-wipe-out-the-ad-tech-industry/ + +**Edit:** Just came out on CNET: https://www.cnet.com/news/ad-blocking-brave-browser-gets-big-partner-publisher-dow-jones/ "Ad blocking Brave browser gets big partner: publisher Dow Jones" + +Edit #2 (/u/cryptojennie): **REUTERS:** https://www.reuters.com/article/brief-dow-jones-media-group-partners-wit/brief-dow-jones-media-group-partners-with-brave-software-idUSFWN1RV0VH + +**PR Newsire:** https://www.prnewswire.com/news-releases/dow-jones-media-group-partners-with-brave-software-to-offer-premium-content-to-users-and-test-blockchain-based-payment-technology-300631972.html + +Edit #3: Just hit MarketWatch itself which has huge readership in finance/Wall Street: https://www.marketwatch.com/story/dow-jones-media-group-partners-with-brave-software-to-offer-premium-content-to-users-and-test-blockchain-based-payment-technology-2018-04-18 + +We live in a city with what many would consider to be a "mediocre" public school system. It's apparently got some good tracks for "gifted" kids but for the most part a lot folks with extra $$ are sending their kids to private school or bouncing out to the suburbs when the kids turn 5. + +To be clear, it's not like there's a safety issue with the schools (like gang activity). Also the school district is absolutely full of teachers and parents who care - plenty of people we talk to have sent their kids to the schools here and recommend them strongly (although some caution against). + +Now me personally I really want to send my kids to this school district. As far as I see it - this is real life and they'll learn a ton being around an extremely diverse group of kids even if it doesn't always mean all of the kids have parents who are really pushing them towards academics. I also believe it's hypocritical to live in a community but avoid the public schools. Worst case I can jump them over to private school after a couple years right? + +Anyone else have an experience with this? +Hi guys, sorry for the clickbait title, but it’s an honest question. + +I really don’t want to make this post too personal, but my dad was just diagnosed with terminal cancer. We think he might have only a few months left. I’ve helped him run his real estate business for the last 4 years, which he started 30 years ago. We own and operate multifamily apartments in LA. He’s urging me to look to the future, and he sees the sale of the properties for estate tax purposes as an opportunity for my brother and I to move into a less expensive, more cash flow oriented market. We expect to have around $5M from the sale after taxes. I have some ideas that I’ll outline here but I’d love feedback and advice. Multifamily is what we know so preferable I’d like to do that in whatever market we agree on. + +1. Phoenix +Pros: cheap, close to LA, decent cash flow, huge population growth + +Cons: popular with investors, isolated geographically if market slows down, would be a big lifestyle change for my wife who grew up in a snowy country + +2. North Carolina +Pros: many growing markets (Charlotte, Raleigh, Asheville) and close to Atlanta, Chattanooga, Charleston, affordable, decent cash flow + +Cons: I’m worried about housing availability in places like Charlotte, where there’s plenty of land to expand as demand continues to grow + +Honorable mention: Texas. Texas worries me due to high property taxes and the fact that everyone and their mom knows Austin is the hot shit right now. I don’t doubt there’s money to be made but as a first acquisition for myself I’m a little intimidated to get into bidding wars with larger, more established investment companies, but maybe this is unfounded? + +Im wary of population growth in much of the Midwest, but I’d be open to having my mind changed. + +Would love new suggestions or critiques of my choices, this might be the biggest decision of my life so any help would be greatly appreciated. I’m not looking for syndicators or passive investment strategies — multifamily real estate is all I know at this point. +Bought Honda Civic 2019 brand new from a dealer 2 years ago and drove ~45000 miles. +Dealer wants to buy it back. +KBB instant cash offer is 17 435$ which is almost the price i bought it for (17 500$). Trade in value for very good condition is 18 411$. + +Crazy part: KBB instant cash offer from Feb 2021 is 12 812$! + +Is it a good idea to sell it and get something way cheaper? Old toyota or honda preferably. As i have to commute just twice a week. + +Car is not paid off yet though. Planning to use most of the money to cancel CC debt and put aside for savings. +EDIT: I’ve had about 5 hours of sleep since Sunday: informing and studying. 12 hours a day. Few times in history we have opportunities like this. THIS IS OUR TIME 💎!!!!! + +EDIT 2: THE DIP IS MOSTLY THE FUNDS TRADING AMONGST EACH OTHER TO DRIVE THE PRICE DOWN. DO... NOT... FLINCH. + +EDIT 3: asked me to inform you all that +Sofi, TDA, M1 Finance, and few others too. Basically... if you can’t trade, you probably already know. MORE REASON **NOT** TO SELL. THEY DON’T WANT YOU TO BUY IT AGAIN BECAUSE 🚀🚀🚀🚀 + +# EDIT 4: [we like the stock ](https://www.reddit.com/r/wallstreetbets/comments/l83m1c/we_like_the_stock/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf) + +EDIT: love you; upvoted 💕 +I know someone asked this a few years ago, but I would like to ask again. What did you do with your econ degree outside of finance? What jobs/careers can I get with an econ degree outside the finance/ tech industry? What jobs/careers are available to econ majors? + +&#x200B; + +I am a third-year college student, and I'm worried I picked the wrong major. I love creativity and design, along with math and social sciences. What creative jobs/careers can I pursue with an econ degree? I'm not sure why I picked econ as my degree, my life just lead this way so far, and now I'm worried. +FOMO will destroy you. + +I see people asking for advice on these threads daily so here is my 2 cents. + +You will never control the markets, Ever!! + +but luckily for you, a profitable trader doesn’t need too. He/She just needs to make sure that the market never controls them. + +You’ll here this time and time again “Don’t chase trades” & “manage your risk” but until you truly understand the importance of these two things you’ll never consistently extract money from the market. + +One of the hardest things to do is sit on your hands when the market is presenting no opportunities to you. What’s even harder is to remain sat on those same hands when you’ve just missed a good entry point and a stock is moving without you. + +Getting in late doesn’t necessarily mean you’ll lose money, the market often rewards mistakes and this is part of the problem. your mistakes being rewarded give you a sense you are doing some thing right until BANG you get caught holding bags when a stock moves against you quickly in the opposite direction right before your eyes after you’ve just made a late entry. The few times you were rewarded for a late entry have now been taken back by the market....with interest! + +controlling your emotions coupled with managing your risk are by far the greatest tools you can add to your skill set when day trading . Technical analysis is great but it is a subjective matter, managing your emotions and risk are not. Master these and you are hopefully more than half way to becoming a profitable trader. + + +For newer traders ask yourself some or all of these questions before you trade + +Have I slept well ? +Have I Eaten & am I hydrated ? +Have I Exercised ? +Have I meditated ? +What are the current market conditions ? +Do I have a few stocks I am watching that fall within my current strategy ? +Is there a decent set up that falls within my strategy and including my risk to reward ratio. + +Lets take that Trade + +Hope this helps someone become a better a trader. + +Happy trading Guys & Girls + +Bull Flag Breakouts +My girlfriend (of almost 10 years) and I met with her 401k account manager last week and discussed her investment options within her employers program. It was a great meeting in all and really helped us see that we are on the right track to max our 401k's and get a good jump on early retirement over the next 15 - 20 years. + +During the conversation I mentioned wanting to invest in value and growth dividend stocks with DRIP. We asked if her 401k Roth account has any dividend ETF's or Indexes that we could switch over to? I was met with a couple of graphs that were quickly printed up showing the difference of a traditional growth based ETF portfolio compared to a Dividend invested portfolio. + +The agent did not let me look them over too closely as they had another clients information on them, but I felt a little brushed to the side with the explanation that "growth ETF'S are where I want to be" and that dividend stocks are stable boring companies that are not necessarily going to grow and show the returns we want, etc... + +Any insight to the reason why my dividend investing plan with DRIP was met with such resistance? Thanks in advance for any advice! +I messed up pretty bad, I started using the pay day advance apps like earnin and Dave, I thought they would be helpful in getting bills and stuff taken care of. Well now I am stuck in the cycle. + +I got paid last Wednesday and 75 percent of my paycheck went to paying them back and the last bit went to other bills. So I was forced to use them again as a means to buy food and stuff. + +I feel trapped and don’t know how to break the cycle this is only the second pay period and I already see the pattern of how they operate. I thought about taking out one big loan but I have no credit and can’t get approved. + +I don’t know what to do. Any advice is welcome, please don’t be mean I know I’m dumb. + + +Edit: numbers: I am currently wrapped up in about 600$ in payday loans. My average paycheck is anywhere from 7-800$. I get paid every two weeks my phone bill hits tomorrow and will send my bank account negative until next Wednesday. +Oh no wait, I just walked past a mirror 😂 + +&#x200B; + +I have no rightful clue why so many stories about these "chance encounters" are popping up recently, but all of them seem to share the same sentiment. "He thinks we're nuts but I know we're right" or "he laughed at me", etc. Could be true, could be tricky FUD. Tell you to hold, but at the same time, imply that everyone "in the know" or with any experience in the industry thinks you're delusional. + +I've not shared this story in full until now, because I know what you know deep down: no amount of industry experience makes you any better at identifying and acting upon fraudulent behavior than the average global citizen. If you're capable of rational thought and possess any wrinkles whatsoever (don't worry, wrinkles can be grown, as most of you exemplify), you're on even terms. These guys are either in on the ruse, or they're in denial. They don't want to think about what this means for their industry if true. + +I grew up around this industry. My father, who grew up with nothing, had to claw his way in and up the ladder. Thankfully in a sub-field with minimal potential for fuckery, because I've always seen him as a virtuous person, and I would have hated to be proven wrong. So naturally, I wanted to follow in his footsteps. After a BS and an MBA from prestigious institutions, I worked my way into a VP position at a well-known firm on the Street. As I've delved into before, after seeing how the sausage is made, I began a slow spiral into alcoholism, and I knew if I didn't get out, it would eventually kill me. + +But that's neither here nor there, and as buddies like /u/jsmar18 or /u/oaf_king will tell you, it's not to brag. I'm sad that I lasted even a few years perpetuating such deplorable activity. I only speak of this to illustrate the ludicrous nature of lending so much credence to the words of some unknown "professionals", especially ones no longer in the game. While I'm out of the game, I still keep pretty a pretty good tab of what's going on across global markets, and I myself had no idea this was coming. I had no idea it was even possible. + +When I was on the Street, I had NO CLUE this was going on to this degree. None. This behavior is originating at the highest levels of these firms, and nobody further down the chain ever gets a full picture of what's going on. Superstonk loves to talk about these guys using intel/counter-intel and propaganda tactics, well this is a perfect example. They don't just do it to us, they do it to their own employees. Compartmentalization. Give each low-ranking person JUST enough information for them to do their jobs, without being able to see the gravity of the shitstorm they're working to create. + +I have never, and I mean NEVER, been more impressed by a grassroots movement in my life. I came of age as the internet was still in its infancy, and THIS is precisely the type of movement that we used to daydream about being possible one day in the future. And the most insane part to me is that you're doing it all with IMPERFECT INFORMATION! We have to cobble together bits and pieces of old or incomplete data from a myriad of sources to get even a fraction of the information these guys have at their disposal. And yet you've overcome those disadvantages with sheer will, determination, and the dream of a better world. + +I have never been more proud of a group of people I've never met. Thankfully, I'm young enough to have learned that "internet friends" are every bit as valid as those that just so happen to reside within your geographic proximity. The guys I named above, and many, many others, are people that I am certain will be friends for life. There are some SERIOUS fucking wrinkles around here, and not just those with prior Finance experience. We've got data scientists breaking down how HFT algorithms work, psychologists clinically validating hunches we have about behavior, mathematicians creating their own technical factors, etc. This place, despite all the FUD and random memery (which can actually be a welcome reprieve that hardens the diamond hands), is a fucking paradise of discourse, and I want you to know that. If I were sitting back at that desk on the other end of this trade, seeing what I was up against, I would be positively mortified. + +&#x200B; + +**TLDR: At the end of the day, I suppose a lot of us live in the shadows of our fathers. I went to good schools, he went to better ones. I lasted a few years, he retired comfortably after 15. So naturally, doubting my own capability, I took GME DD to him in February. After all, he's the guy mentioned by name in a Michael Lewis novel. He read** /u/atobitt /u/jsmar18 /u/oaf_king **turned around, and bought 10k shares in the 40's. A week later, it shot to 170, and his broker (yeah, he still uses one of those lol) called him, asking "what do you know that we don't know?!" For what it's worth, a true Wall St OG is HODLING right alongside you, and his significantly more retarded son is as well. And once this is all over, I'll be posting some victory messages from the OG himself! Love you all. Stay strong. 🙌💎🚀❤** + +Edit: soon as /u/jsmar18 is online, I'll have him verify my story for yall. +I told my Dad my plan to save $114,000 by the time I finish college to move into a multifamily in order to househack (and make a little extra on the side if I can). + +All he does is talk about Tenants never paying and destroying my property and losing $50k and blah blah blah. + +Is investing really like this? Most of the time, not paying or bad tenants seem like an unpleasant rarity. A rarity, not a common occurrance. + +He told me I'd never make money and I'd drown in debt if I tried. + +How likely is a scenario that on Property #1, one of my first tenants drown me into bankruptcy? + +Perspective: My dad researched Real Estate and concluded Tenants are too difficult to deal with and he'd lose assets. He refuses to buy any properties. + +He has no experience in Real Estate. + +As for how I make the money, I have 5 years of college to do, so I only need to make $19,000 after taxes and I'll invest everything into Index Funds. Using the average rate of return of 9% and investing 85% of my paycheck every two weeks, I'll make $114,000 or so. Sadly, bank account pulling 0.5% interest is absolutely garbage. I plan to work an average of 30hrs/week with $15 minimum wage for 48wks a year. I'll make on average $21,600 a year before taxes. +Genuine question, not taking sides either way. Just want to understand the rise of anti-landlord sentiment on these forums and in Australian culture in general. I'm just looking for a neutral explanation for this as I do not remember seeing this 10-15 years ago when I was younger nearly to the same degree. +My wife and I have been searching for a property in Western Sydney since the start of this year and have been outbid by someone else in 4 other properties that we liked. We were getting frustrated and FOMO was very real. + +Last week, as usual, we went to a Saturday open house. It was a 1980s built, well maintained 550sqmts house in the not so great side of Quakers Hill. We had a quick chat with the neighbours, The Karen next door acted as if we asked her property for free. On the other side was a nice family, and they said they had a break and entry last year but otherwise there is nothing wrong. We initially offered 925k and went up to 940k, which was accepted by the Real estate agent. Surprisingly, we weren't elated, nor happy. The break and entry and overall feel of the community was weighing in. We were just buying the house because we don't have one. + +The real estate agent asked us to sign the contract at 5.30 the same day. I called my mortgage broker to ask him his opinion. He told us not to sign the document till he or a solicitor reviews the contract. I agreed and told the REA that I can sign the contract on Monday. The REA said that until the contract is signed, the house wasn't ours and it was open for negotiations. + +Later that day, my Solicitor gave a green signal and sent a mail to the REA for some details. The REA sent me a message saying that the house was sold to some one else who was ready to sign the contract that day. + +Instead of feeling sad or dejected, we were very happy to lose the property. The FOMO and stress is gone. I feel as if a massive weight on our shoulders has been lifted. + +PS: Mods, please feel free to delete if it is not relevant. +I know I’m not completely financially literate and do not want to make any major mistakes. I don’t really have anyone in my life personally who knows much about investing. I’ve been doing research for a little while now, and think I’m ready to make a move. I’m looking for advice and wondering if I’m making good financial choices. + +My plan is to make an account with Charles Schwab and Vanguard. Put my $1,000 into the S&P 500 index fund (VOO) using Vanguard, and use the Charles Schwab account to try my hand at trading. (Maybe buy a few meme stocks.) +Bonus, this is in a crappy neighborhood and advertising a breath taking remodel https://www.redfin.com/WA/Seattle/9040-3rd-Ave-SW-98106/home/476091?utm_source=android_share&utm_medium=share&utm_nooverride=1&utm_content=link +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Hello! + +Perhaps we all have lots of free time now that most of us are at home or perhaps we are all enamoured by Sachin and Dhoni harping *"Mutual Fund Sahi Hai",* I notice more and more quotes and WhatsApp forwards like "If you had bought Eicher shares instead of Royal Enfield" or "bought one share of Jubilant Foods instead or ordering Dominos Pizza, you would have". + +Nearly everyone here is hearing it or reading these quotes. Some, with the free time are trying to model what U,V, P, C , D shaped recoveries will be and estimating earnings of share prices and the P/E multiple that the market is going to give them. Some are quoting Porinju, Basant, RJ, Chomu from the neighbourhood who has invested in Mutual Funds because they are all *"sahi hai"* or the Grandaddy of them all, Sage Of Omaha. + +And once this crash is over and we see new highs on the NIFTY some time in the future when this crisis feels like a minor event, you are probably going to feel some hindsight bias, where your thoughts are going to be **"if I had invested in Chacha Chaudhry Limited, I would be sitting in Goa in a 12 bedroom mansion sipping Jack Daniels."** + +You will also meet Fund Managers and Distributors who again present to you with these anecdotes and make you feel like an idiot. + +You will also hear justifications like "Sage Of Omaha says that buy a business which you are comfortable owning for next 10 years even if the markets were closed". + +[Well, Sage Of Omaha and his company simply bailed out of airlines.](https://www.youtube.com/watch?v=fa2H0ay42Is) + +What point am I trying to make here? + +It is OK to be wrong. It is OK to stay out of markets if you are uncomfortable. It is OK to change your mind and then change it again and then again. + +Markets are dynamic and they take a heavy emotional and mental toll. + +I repeat, there are places to be a hero, helping a neighbour get groceries, helping a stray dog with food, helping an old person cross the street , but markets are not that place. + +If you feel reducing the SIP's now is OK, do it. If you wish to pause your SIP's do it, if you wish to double down on your SIP's, do that as well and if you wish to change your mind after any decision, do that as well. +>“A right to counsel furthers racial, economic, and social justice while helping to address the extreme imbalance of power between landlords and tenants,” + +Per the article the State will be hiring 58 attorneys + additional contract attorneys to fight evictions. At a cost of $11.4 million just in the first year + +For everyone else - Seven other states are currently considering similar measures.  + +[https://www.seattletimes.com/seattle-news/homeless/washington-becomes-first-state-to-guarantee-lawyers-for-low-income-tenants-during-evictions/](https://www.seattletimes.com/seattle-news/homeless/washington-becomes-first-state-to-guarantee-lawyers-for-low-income-tenants-during-evictions/) +I praised BTC in the past so many times because it introduced me to concepts I never thought about, but this recent news of billionaires joining the party got me thinking. Since when are the people teaming up with those that are the root cause of their problems? + +Now I know that some names like Elon Musk can be pardoned for one reason or another but seeing Michael Saylor and Mark Cuban talk Bitcoin with the very embodiment of centralization - CZ Binance... I don't like where this is going. + +Not to mention that we all expected BTC to become peer-to-peer cash, not a store of value for edgy hedge funds... It feels like we are going in the opposite direction when compared to the DeFi space and community-driven projects. + + +As far as I am concerned, the king is dead. The Billionaire Friends & Co are holding him hostage while telling us that everything is completely fine. This is not what I came here for and what I stand for. I still believe decentralization will prevail even if the likes of Binance keep faking transactions on their chains and claiming that the "users" have abandoned ETH. + + +May the Binance brigade have mercy on this post. My body is ready for your rain of downotes and manipulated data presented as facts. +It's the end of the year, I've made no profit whatsoever and just keep funnelling my own money in to my account. 79% win rate when paper trading, gains of 300%+ when paper trading, but my win rate when trading live is 10% for 4% profit average and 70-100% loss. + +My strategies work, and I do my best to follow my trade plans but I get shaken out too quickly with live and I won't follow them. I haven't learned from my mistakes every single trading day this year. I know what to expect and yet I still manage to drop the ball. + +Essentially what happens is I'll enter a trade, almost immediately go down 40-50% where I'll average down only for it to move even further and I'll sell for a 75% loss. Funnily enough, it gets to breakeven 2 minute candles later, valhalla after that but I'm no longer in. Subsequently, if I enter a trade and it moves up the slightest amount I'll sell immediately for a 4% gain under the impression that it will drop any second though the trend continues for hundreds of percent as I sit there and watch, frozen and unwilling to jump back in though the play is unravelling in front of me. + +The plays that go 100% down are a result of countless instances of a trade I sell way too early for either a loss when I didn't need to or minuscule gain, finally getting it through my head to hold for once as opposed to selling within 30 seconds, but those are the times that I'm wrong and it goes to 0. The next trade I enter I worry it will drop right away due to PTSD so I sell for 4% as opposed to several hundred and this cycle continues until I get the courage to hold again and it drops to worthless. + +I've refrained from writing here- I don't want to bitch as a sore loser, but I need help. I'm unsure how I can be so profitable with paper and not have a single winning trade this year. My most profitable single trade was $80 and my biggest loss was $1200. Any time there's equity in my account I haven't been able to last 2 days without the account draining. Then I'll trade 2 weeks or so with paper to ensure and solidify my strategy and gain some sort of confidence, but once I start trading live it immediately clears out to 0. + +How do I reset my mindset? How do I approach the market like I do with paper, without fear and calm? My average time held on contracts is 2 minutes when trading live and selling for 4% profit, 2 hours+ when selling for 100% loss as I'm hoping and wishing but with paper average time held is an hour, for gain or loss. + +Any tips are appreciated. Merry Christmas +Good news story! My wife (F35) and I (M35) got together when we were 21. She caught pregnant very quickly (within 3 months) so we decided I would work and she’d stay at home and take care of the baby. I was on £17k a year and we struggled, financially! +But I had options. Credit cards, loans and store cards/accounts! +Fast forward to the end of 2016. We have 2 more children and my wife still isn’t working. I get a promotion and now on £21k a year. The financial state couldn’t be worse. Just over £35k in debt, across the board. + +I put my big boy pants on and did some consolidation! +I took out, what I consider to be, a mega loan. £35,000 over 84 months at 6.5%, with a promise to my self I would clear it by 2023! + +I’ve since been promoted again and I’m very happy to announce, through a year of continual overpayments, the last of my loan has JUST been paid off! I am so happy it’s unreal. + +Now to start saving what I was overpaying. Here’s to the future. + +Side note. To all who are in debt, there’s always ways around your debt without taking the way out. +Please view the UKPF flowchart, and speak to people, if you’re struggling with debt. It’s a heavy burden to carry on your own. +Hi all ! + +Not sure if this is allowed but Il try anyway. + +Recently it’s become apparent that I am the lowest earner Among my friends. I’ve had quite a few part time jobs over the years and currently working at a warehouse with a take home of 19k. + +One of my friends is on track to make 125k+ with their firm. Another is on 60k+ working in tech and another has very wealthy parents so they’ve never had to worry about money. + +It’s really disheartening, I’m genuinely glad they’ve “made it” but I just don’t know what to do. It feels like I’m constantly struggling and the work I’m doing is so draining with little time off, I can’t effectively look for anything else. + + +So I guess I’m asking how ( if you are ) did you cope with being the “ below standard “ friend and what steps did you take to increase your income ? + + +EDIT: I have a 2:1 degree in psychology and a small savings so I understand if I’m coming off “privileged “ but it’s all relative I guess. 22 years old also! + + +EDIT 2: this community is phenomenal. I’ve never seen so much support and understanding. I’m so surprised that there’s not a single person who is hating on me for feeling this way. I’ve spent about 2 hours trying to reply to everyone and il sorry if I haven’t reached you. All of these comments will help my shape the rest of my finance life. + +Thank you +Stick together and we can make big stocks one by one while fucking with rich peoples hedges. There are more of us than there are rich people. Invest and hold together. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I had 2 apartments, one vacant and one occupied. I listed both at market value just to see. The vacant one had 13 inquiry, I did individual showings with a mask/gloves. I checked their credit, looked at paystubs, and signed the lease. + +The occupied one was harder. I could not to showings but every person that inquired understood. One said the video was just was they were looking for and they came to the property to tour the outside and come inside the hallway. They signed the lease but I put a clause stating that if they didn’t like the apartment during the walkthrough they could cancel the lease. + +This is in Chicago, C maybe B class. +Whenever the media talks about $GME or whenever Cramer has his breakdowns, they always refer to WallStreetBets still to this day. At first I thought that they might not know about r/GME and r/Superstonk, but then it got to me. They know about us, they know about every DD people write here. They study it and spend as much time here as we do. That right there, that's the reason they don't talk about this sub, ever. They know if they talk about it, people will come here interested in GME, see the real DD and all the fucked up shit them and the hedge funds do. Instead, they mention r/wallstreetbets because when a new to reddit person browses there, they see no DD instead it's all pumps and dumps, yolos into shit stocks and crypto. That's the picture they want to paint of us "GME investors". That we are doing this as a joke. That we have no real DD. That we are just dumb retail investors pumping GME like any other stock. That there is nothing special about GME. Just my thoughts, let me know what you think. + +&#x200B; + +Remember, it's simple... Hold, Vote, Buy the dip. +* manufacturing grew 1.6% +* public expenditure contracted 1.5% +* Contact services, including trade, hotel, communications shrunk 7.7% +* construction grew 6.2% +* The overall number is lower than most projections + +One source: [https://www.moneycontrol.com/news/business/india-gdp-data-live-updates-6578641.html](https://www.moneycontrol.com/news/business/india-gdp-data-live-updates-6578641.html) + +Edit: Adding this request. Please keep politics out of this discussion, and in fact out of this sub. I posted this thread as 'news'. +I posted this in because I hope it will be of some use to those of you who are on the road to FI and because I am interested in the perspective of others. + +I am in my 40’s, live in a large US city. Never married, no kids. + +I stopped working about 5 years ago. The experience has been largely good, but mixed. + +The good: + +—If, 15 years ago, someone had asked me to design the ideal life, I would have described the life I am now living. I spend my time indulging in my passions and other healthy pursuits, I have traveled the world extensively, I have done most of the things that I always wanted to do and I am continually thinking up new ideas. + + —Living an authentic life. Some people think I am a bit of an oddball (middle aged, never married, no kids). So be it — I am not struggling to fit into someone else’s mold. For years I was faking it so that I would be well regarded by some boss/girlfriend/professional community, etc. No more. Employers want you to be one thing, your girlfriend wants you to be something else. So does your church. So does the community into which you were born. They all want you to be something—often they nudge you to become what they mistakenly believe will make you happy. Sometimes they just want to live their lives through you. Regardless, when I was employed I was somewhat pressured by my employer to live a life that was not entirely authentic. FI means I am as free as I choose to be—I am not beholden to, or dependent upon, any person or entity. + +—Finantial peace of mind. I have virtually no financial restraints. I don’t have unlimited money but I have much more than enough to do whatever I want. I love having steady income (bond yields, dividends, rental income) without having to work. The securities are easy, the RE has a manager. I probably have to put about ten hours of work per month into making decisions, signing documents, talking on the phone, etc. Almost everything can be done with a laptop, a phone and the occasional visit to a notary. + +—The clarity that came with financial independence, including freedom from the delusion that more money would solve everything. I used to think that my life would radically improve if only I had more money. I now have much more than I need, and while FI has improved my life in some areas it has also helped to clarify the degree to which money has a very limited impact on the things that matter most to me. Including: + +1-Health. Money does not eliminate most health threats, including the physical and/or intellectual decline that eventually comes to everyone. However, FI frees me from stress inducing and soul crushing bureaucracies and people. I also have effectively unlimited time and money to pursue a healthy lifestyle + +2-Interpersonal relationships with family and close friends. Aside from health, nothing is as important to me. An abundance of high quality and meaningful relationships is absolutely essential. Money has had virtually no impact on the most important relationships in my current life, although it has complicated some important romantic relationships. + +3-Meaningful activities. Helping the people I care about. Doing good for others, even for strangers. Working every day to be a better version of myself. Living a life consistent with my values. + + + +The bad: + + +—Deceit. About half of the people in my life don’t know that I am FI or how much I travel. I may be gone for a month but they just assume that I have been in town and they just have not seen me in a while, or that I was traveling for work. I am effectively deceiving/lying to them. When they ask about work, I am vague and circumspect. Why? I am a private person. I am wary of envy, animosity, judgment etc.. No good comes from people knowing that I am rich. Most of my life long friends know. A few recent friends know, but very few. Some suspect but we don’t discuss it. The deception is stressful for me. I am looking for a way to resolve this and live more honestly with everyone. + +—Loneliness. Traveling the world and doing whatever I want to do whenever I choose to do it can be lonely. My friends usually cannot join me on my adventures due to various limiting factors (family, job, finances, health). So I go alone.-sometimes for months at a time. I am sometimes lonely when I am away. And when I am home I am often lonely as well—I don’t work and that means I don’t have the regular day to day interaction with my old colleagues. Most of my friends are now married and have children so even on weekends it is hard to get together. I seek human interaction through my pursuits, volunteering, travel, etc, but its not the same as regular contact with a group of people who have known each other for years. + +—Lack of structure or goals. I work very hard at imposing structure on myself because the lack of structure that FI facilitates can be disorienting. I plan trips, take classes and engage in lots of exercise. I go out of my way to initiate social activities with friends. But creating structure takes a lot of effort and sometimes I get lazy and spend days alone with little to do. Further, living alone with no career makes it hard to envision a future. I don’t have any idea where I will be in 20 years. If I had kids I would envision my relationship with them when they were grown and had kids themselves. If I had a career I would look ahead and plan a career path and objectives. I have had several careers, none of which was a true calling. One of my main goals in life was to be completely financially independent. OK, I’m there, and I live the life I have always wanted. But I have no long term goals. Like many people, I need goals, so I set up little goals for myself like exploring Bolivia or Singapore, but I don’t have any long term goals. + + +So it has been a mix. My focus now is to increase my social network and interaction and try to develop new long term goals. I encourage everyone on the path to financial independence to maintain and develop passions, hobbies, health and relationships along the way. When you get there, these factors will be as important to you as your FI. + + I welcome all comments or questions. + +----------------------------- + + +EDIT: +I am humbly astonished at all of the positive feedback. + +In response to some of the trends in the comments, feel free to contact me anytime. I am always happy to give my perspective with the caveat that I am not a qualified financial professional of any kind and you should take what I say with a grain of salt. For all you know I am a 13 year old compulsive liar with 35 cents in my pocket and a stolen laptop + + + +With respect to the conflicts between the benefits and struggles inherent to FIRE, sometimes the good and bad go hand in hand. Imagine that you are in exactly the situation you dream of. The ideal location, engaged in your passions, completely FI. Its great. But after a little while feelings of discomfort develop and you reflect on this supposedly perfect situation, and you think to yourself: is this it? Is this really as good as its going to get? + +When I was striving to get to my ideal situation I thought that I would one day achieve some sort of perfect existence of happiness, contentment, fulfillment, etc. I felt deprived of X,Y and Z and I wanted to indulge in all of the things that I thought would fulfill me. And getting there has been great and I have had five years filled with some extraordinarily meaningful and enriching experiences, relationships and growth. But a lot of it has also been somewhat lonely, self indulgent and meaningless. So, having achieved my goals, I am confronted with an uncomfortable reality-life is never going to be perfect and the grass is always going to be greener. I now look back on my years of struggle with nostalgia. + +There is a conflict between, on the one hand, unlimited freedom, autonomy, wealth, etc, and on the other hand, community, meaning, and the fulfillment that comes with giving to others, joining with others, committing myself to a noble endeavor, etc. + +Finding the balance between the two impulses (self indulgence vs. generosity/community/interdependence) is a continual struggle. + + + + +Thanks for your comments, insights and advice. Its been helpful. I will consider an update in the future. And thanks for the gold, strangers! + + + +Classical Economists like Smith, Ricardo used Labour Theory of Value but it seems that mainstream economists today prefer other theories like Marginal Utility which seems to be extremely vague. + +Why did economists abandon LTV and how do you test or verify a theory like Marginal Utility? +This is my first time purchasing a car so I’m a bit confused about the process. + +Recently my old car had started giving out and that’s concerning given it’s my only car and I need one. My parents were selling an old car of theirs and are offering to sell it to me for 12,000 dollars. It’s a pretty good car and seems to run well, and it’s not very old either. However I’m not in love with the look of it, it’s kind of a tacky car covered in cheesy bumper stickers (as parents do haha) so I started looking online to see if I could find a car I liked a little better around that price range. + +Online I found that the same car they were selling me with the same mileage goes for around 10,000 to 11,000, which is a lot cheaper and I could probably afford better. + +I don’t quite understand interest but I do wonder if it would if the end be cheaper to buy from my parents for 12,000 or from an online used car dealership for 10,000? + +Edit: + + +I’m going to add some FAQs I’ve been seeing, I apologize for not giving much detail + +One thing I’d like to state is that my parents DID get the car new before thinking of giving it to me, I thought they got it used but i was wrong + +1. What kind of car is it? + +A 2014 Subaru Impreza hatchback (I don’t know more than that I’ll have to ask them when they’re not busy) it has bumper stickers all over the back and a dent from when they accidentally bumped a pole + +2. You said you didn’t like the car model, why are you looking for the same car at a lower price? + +This ones my fault, I should’ve clarified. Ideally no I don’t want that car. In looking for other cars I stumbled across the actual asking price for their car. I was wondering if it was a better deal to get it from them since online cars especially cheaper ones can have underlying issues. Again I’ve never bought a car before I’m not sure what’s reasonable for a vehicle. + +3. Is your parents loan interest free? + +Yes. + +4. Are you on your parents insurance? + +No, I’m 25 and live far from home with my partner + +5. Your parents are trying to rip you off! + +No, like I’ve stated I’m pretty sure they just googled their car and put down the first price they saw. They didn’t take into account the mileage or cosmetic damage the car had. They’re not very technologically savvy so if they over priced it was an honest mistake. + +6. Can you ask your parents to lower the price? + +I don’t know. They might take offense to me asking to lower the price + +To add onto this question, a lot of people are suggesting I should’ve shown them the proof the car goes for much less online but here’s the deal. They’re not the type to trust my research because they believe their age and experience tops whatever research I could show them. Me asking for a lower price based on what I found online is like an insult to their wisdom and ability to know things. No matter how much proof I bring their likely won’t budge. + +Update: + +I’ve declined my parents offer, + +While looking at the pros and cons I realized I’m overpaying by a lot and my parents are not willing to negotiate any price with me, I also don’t want to strain my relationship with them by owing them such a large amount of money. + +I’ve read through all the advice on finding an affordable used car here and I’ll definitely take it into account in my search for an affordable car I like a lot better and can actually comfortably pay off with out any emotional strings attached. + +Thanks to everyone who gave advice, if you have more advice on how to find a good used car I’d love to hear more suggestions +**Introduction** + +I have been asked to jot down some thoughts on variance by u/gherkinit and u/Criand + +Variance/co-variance/volatility/simple variance/synthetic variance swaps, a year ago I had no idea what these were, over the past 3 months I and others have been diving into this black hole. u/MauerAstronaut has dug as deep on this as I have he is my VOLquant wanna be twin and a good friend, he has already had some post on the subject I highly recommend reading them before reading this. This subject is broad and extremely complex, the more reading the better here, without further delay let me share some thoughts. + +Let me preface by first saying this post may not be for everyone, some of it may be slight speculation based off of actual events and or positions reported. Even though I will go into detail about being "long variance" it is hard to find breadcrumbs of long variance because the portfolio of options to be built as a hedge are in fact sold, or in common terms "short", meaning these positions are usually not reported limiting the evidence left. That being said those that are "short variance" do leave similar hedging breadcrumbs, that is what has led me here. Obligatory "this isn't advice" if you think it is, I feel terribly sorry for you. + +**Brief Breakdown and Effects** + +First thing is first, what is a variance swap? In simple terms it is a bet on volatility. The seller is going to receive a fixed payment called the "fair variance strike as vol" which is a fancy way of saying annualized implied volatility over a period of time (usually 30,60,90 days). The volatility strike is going to be calculated and agreed upon inception, that is going to be the fixed payment that the seller receives upon maturity. The opposite side of the trade is the buyer, the buyer is going to receive "realized variance" payment on maturity, meaning that it is going to get paid based on the volatility realized during the agreed upon period. + +Here is an illustration showing the "*vanilla*" variance trade. Note the word "*vanilla*" not all trades are done this way: + +&#x200B; + +https://preview.redd.it/08ncdf576mx71.jpg?width=892&format=pjpg&auto=webp&s=fe0ceb134c323771924505c7447b6bbb289abd74 + +The above came from this [paper](http://quantlabs.net/academy/download/free_quant_instituitional_books_/[JP%20Morgan]%20Variance%20Swaps.pdf). Now to me this image illustrates a variance trade pretty well, it shows that the Market Maker buys variance as an insurance type play to their short options, then they also sell the replicating portfolio into the market to hedge against the long variance position. Easy peasy right? The buyer, especially when a Market Maker or a Broker Dealer, is pretty shielded here due to their role in the market. They basically get to roll with the tide, at the expense of their counterparty, since the effect of them delta hedging the replicating they sold as a hedge lets them stay flexible: + +&#x200B; + +https://preview.redd.it/lep5uera6mx71.png?width=936&format=png&auto=webp&s=9914d0d28c658fb18e35c0824eef13b06963fc42 + +&#x200B; + +https://preview.redd.it/6k7kyw2c6mx71.png?width=724&format=png&auto=webp&s=202e93311abb15a6e24ba42673da3465a9c3f634 + +What about the seller? The sellers are usually multi-strategy hedge funds whom themselves buy and sell variance on different securities and index(s). Dispersion trading is the name of this practice, it is the practice of going short index variance and long any number of constituent stocks. Or vise versa, like anything of course. This makes a pseudo basket effect, and is thus a CORRELATION TRADE. How many stocks does GME track? Aren't they all volatile? Aren't all the index(s) and ETF(s) they are in ODD to say the least?? Picture perfect dispersion set up. Ironic isn't it...... A quick illustration to help: + +&#x200B; + +https://preview.redd.it/d7w8zygg6mx71.png?width=721&format=png&auto=webp&s=c4a8e795d85f3dcff4e74b72ea4d965d60053107 + +&#x200B; + +https://preview.redd.it/q29uiuwr6mx71.png?width=630&format=png&auto=webp&s=59258fe700b40e11eb39e3e2a7cd17dfb92b4aa2 + +I am not going to go in depth about co-variance swaps/dispersion/correlation trades in this post as it will get rambling like and there just isn't enough room. We are in the process of really breaking this down and trying to model it better. This is just to shed light on the correlation effects we've seen and a reason outside of portfolio swaps, basket shorting, etc that the strong correlation is there. + +**How is this GME related?** + +We ran across this link [SDR Services - CFTC Ticker (dtcc.com)](https://pddata.dtcc.com/gtr/cftc/tracker.do) Which included these: + +&#x200B; + +https://preview.redd.it/sxxz4h6s7mx71.jpg?width=1125&format=pjpg&auto=webp&s=27818c1219e439aa0657708fa284d9c6cf92d820 + +https://preview.redd.it/2s8hbi6s7mx71.jpg?width=1125&format=pjpg&auto=webp&s=c668524a47cb68f51d7bf24c05c49d0ab9b21c38 + +There were more, but I think you get the point, this caught our interest so the next logical thing to do was search "GameStop Variance" that resulted in [GameStop, Variance Swaps, and Related Failures of Hedge Fund Risk Management (northinfo.com)](https://www.northinfo.com/documents/993.pdf) Well that really got me excited so then I went on to learn what this was all about. + +**The Replicating Portfolio** + +After reading [(PDF) More Than You Ever Wanted to Know About Volatility Swaps (researchgate.net)](https://www.researchgate.net/publication/246869706_More_Than_You_Ever_Wanted_to_Know_About_Volatility_Swaps) I learned the the replicating portfolio is quite important in the world of variance swaps. Two main reasons, it is the way a variance swap is priced so the two parties can come to an agreement on "fair variance" as the "variance strike", it also acts as a hedge for the forward contract the actual variance swap is. So what is it? Without getting all "mathy" it is a portfolio of OTM options (both calls and puts) that are used to best capture variance. Here is something to illustrate. + +https://preview.redd.it/h6v0x5gjcmx71.png?width=683&format=png&auto=webp&s=1765a70d37f92910c7681ecd3ed8e8fd191e966e + +This illustrates it pretty well, it highlights the "weights" or number of contracts needed at each strike to build this replicating portfolio of options to price and hedge a swap on an underlying with a spot of about 100. You can always tell where the spot of the underlying is on one of these by identifying where the puts and calls "meet". Here you can tell it is 100 because it is the only strike that it tells you to buy both calls and puts on. *Cool.* Another thing to note is it says European style options, all that means is here in America you hold till maturity. It is needed for correct payoff. + +Looking at this I noted, jeez they put a **lot** of emphasis on that lower strike put in this scenario don't they? That made a lightbulb turn on somewhere, I thought man GME sure does have a strange amount of open interest on lower strike puts like that, it also carries odd open interest in the higher strike ranges on the same expiry. Then I read more papers and I learn that GMEs option chains, especially on monthly expiry's are the perfect situation for someone long variance. So naturally I decided to look at options OI on January 21 2022: + +https://preview.redd.it/43zha5z3fmx71.png?width=1351&format=png&auto=webp&s=38a73b51033e9038c2fc3dff972924754e2640f6 + +https://preview.redd.it/tmamm1z2fmx71.png?width=1358&format=png&auto=webp&s=2f1201a6acd3876e70895b5b0c7ae325b63da797 + +That just seems oddly familiar to the example above doesn't it? Almost textbook how wide this option chain is, and the OI spread across strikes just as the papers recommend. If only I knew what this looked like for GME: + + + +https://preview.redd.it/fxbc9hilfmx71.png?width=266&format=png&auto=webp&s=545792ce7f692f7d181d7ab795672f43fe460ca3 + +This example replicating portfolio of GME was made by me approximately 2 weeks ago, as well as the pictures of the OI was around the same time, so the OI may have moved some, nothing to deter the point its just worth noting. This is for a 90 swap ending Jan 21 2022 it recommends a replicating portfolio, and gives a fair variance as volatility which is used for the "*variance strike*". + +So just to recap, hedge funds sell variance making them short, which in turn requires them to hold a portfolio of long OTM options to hedge the short swap. This should be making lightbulbs turn on, if it doesn't go check Citadel Advisors, Susquehanna, Simplex holdings and see they hold not only puts but calls come back and stare at the replicating above, it will click eventually. If not, never fear u/MauerAstronaut is making a post about the options OI and how it relates to the replicating in more depth soon. + +**Dynamic and Imperfect Hedging** + +Variance swaps require a log contract and would thus need an infinite amount of strikes to be perfectly hedged, without going into all the mathy details this means that narrow strike options chain = **bad** for them. Illustrations: + +https://preview.redd.it/wltipe1wlmx71.png?width=932&format=png&auto=webp&s=eb423c1aa1c2b4cc51d5e97c041f9e091c254ddf + +https://preview.redd.it/n5kqme1wlmx71.png?width=887&format=png&auto=webp&s=2d45b6087888712905c09a3943070fce9531c3a6 + +https://preview.redd.it/gkuqme1wlmx71.png?width=760&format=png&auto=webp&s=9388148709db5389d83e617d5469b89593580b60 + +I will now attempt to explain the above illustration (figure 3) in ape speak as well as one can. + +**A)** Perfect hedge if an infinite number of strikes existed, doesn't exist so its for reference + +**B)** This is what happens when you have a narrow strike range, you are not as hedged because of it. + +**C)** This is when you have more strikes available in a wider range. It mimics the reference one in a) much better. + +More Illustrations: + +&#x200B; + +https://preview.redd.it/oom1m8iymmx71.png?width=938&format=png&auto=webp&s=13c7209e7c94eaf1a71fcf9424ce69f8232dfbc2 + +&#x200B; + +https://preview.redd.it/up0n4269nmx71.png?width=755&format=png&auto=webp&s=47aa301a76363ce3608d3e4cc65d46860bf303ab + +Ok all that just to say that dynamic hedging tail risk is hard without those *really* deep OTM puts. It forces whomever is short the swap to buy more calls to get the exposure needed, which could force the stock upward which is usually not wanted. I will attempt to illustrate this with GME now: + +https://preview.redd.it/yxx3fyovnmx71.png?width=844&format=png&auto=webp&s=e1ef4f5dbcda8fec11bce087bd7476e4af0ced59 + +The above is an illustration I made to try to show what I described above in practice. I chose these historical "as of" dates (gathered from Market Chameleon) because they were the beginning of a snowball tumbling down a mountain that turns into a bigger snowball later. Basically they are the start of any major run up that we have had this year excluding February, it had a very wide options chain yet totally took off. February is an anomaly in many ways so I ignore it. Fuck February. + +If you look you will see that every one of these run ups had a limited chain, comparatively to what GMEs monthly chains look like. After each run up gets started (just like this most recent) the option chain(s) get expanded into more strikes, for several reasons, I just note this to why I picked these dates to capture what they were before expansion. This is key, especially as of the latest run ups, because it forces them to buy more calls for their dynamic hedge vs puts because that's where the vega and IV exposure lies to get their portfolio greeks where they need to be at the close every day since everything is measured close to close. + +To illustrate this I put a theoretical 7 day swap in my model using the 10/29/2021 chain: + +https://preview.redd.it/jh1rz2mcqmx71.png?width=376&format=png&auto=webp&s=3d6d8bc511946b8ebec239914c5479031b6af425 + +**OOF** that's a lot of 2's as well as some weights behind them. As you see from the graphic I posted above it was the same the week after (this week) and you see what has happened. When I made this I needed to confirm my bias even stronger and pull up the OI for the week I just made this and it was: + +&#x200B; + +https://preview.redd.it/c6op0dm9smx71.png?width=1432&format=png&auto=webp&s=cb4036b70a31f3a4a95c9a8d97b6dad99de50d0c + +Note, this was OI before the run up matching the tail risk replicating I modeled. It was pretty clear upward movement was coming. + +**Citadel and Volatility** + +Anyone could do a quick duck duck go containing "Citadel Volatility" scroll through and see, he has been hiring volatility talent for a while. No one more actually. More images: + +&#x200B; + +https://preview.redd.it/j5jqnxgitmx71.png?width=666&format=png&auto=webp&s=0594c6a712d2524870ccec7f38b565654f46c403 + +The timing and the context of this article someone transcribed for me is quite telling. A good dispersion trading strategy is going short credit (fixed income) vol and go long equity vol. So just to be clear Citadel has entities whom systematically short volatility (Citadel Advisors) one whom is buying volatility (Citadel Securities) and also one for credit volatility (Citadel RVFIF) its almost like Citadel is ***built*** around volatility and dispersion trading, hint: it is. They have a history in it, shown [here](https://volquant.medium.com/epic-failures-lessons-from-volatility-funds-blow-ups-6f4226c8334f), and considering how they have expanded into a broad spectrum as pointed out above have learned how to get a grasp on it. + +**Conclusion** + +Variance swaps, or volatility based swaps in general, seem to play a key role in this trade. Considering Citadel's entrenchment with it, it's easy to see to me anyway, how he was cocky enough to take on Melvin's position. Thinking he could hedge it away, internalizing all the risk and profiting off of dispersion trading and systematic variance shorting until everyone got bored and they could get out cheap. + +The problem is growing for them, people have held and bought more, making the risk that got/gets internalized much heavier to carry, meaning they have to release that risk back into the market sometime causing unwanted and unmanageable tail risk to hedge away which can in turn make the problem worse (see this week). DRS is having an affect simply because it basically marks registered shares as insider shares thus removing them circulation making delta hedging (which is daily on replicating portfolios) much harder and more costly. + +This is my short, and probably not only, thoughts on variance. I have had a lot of help from u/turdfurg23, u/sweatysuits, and u/atlasmxz I cannot thank them enough. There have been many others I am sure that I'm forgetting, know ahead of time I'm sorry. Thank you for your time. +So you're all in the loop, **Mods** have had a chat and decided we will reach out to Next Investors and offer them an **AMA** (ask me anything) slot on the Sub. + +If we receive a response we shall let you all know. + +&#x200B; + +" *Hi, I am a Moderator on the Sub-Reddit forum* r/ASX_Bets. *We currently have a member base of over 76 thousand users who are involved in the Stock Market, specifically the XJO.* + +*Recently, you sent out a communication to your subscribers mentioning 'negative attention' your company has been receiving on various forums, including Reddit. Our sub-reddit has a particular reputation and Next Investors posts do generate a reasonable volume of traffic. One of our members wrote an incredibly in-depth series on your company some time ago and many of our members follow your movements and post opinions or results on our forum.* + +*It's not unreasonable to say that the services Next Investors offer and the manner with which you choose to operate have drawn the attention and in some cases, the Ire of our user base.* + +*We are reaching out to you and enquiring as to whether a member of your company would be open to an AMA (Ask Me Anything) post on our sub-reddit. It's an open forum style post, where a representative of Next Investors remains online for an agreed duration and answers any questions our members pose. Obviously, you are constrained by what information you are able to give on a public forum and we appreciate that, however many other companies have taken us up on this offer and have provided feedback that the experience has been a positive one.* + +*We will moderate the post according to the rules of our sub regarding abuse or harassment.* + +*If you wish to contact the Moderators or discuss this further then please do.* + +*To reach us, you are able to send us an email or log onto reddit, find our sub* r/ASX_Bets *and clink on the link in the side-bar that says ''message the Mods''. If you choose to contact us, we will keep the personal information of the user confidential (as per the Reddit rules) and the username the Next Investors Representative takes will be public and will be identified appropriately on the Sub.* + +*Contacting us on Reddit is the better option for communication if you wish to take us up on our offer.* + +*In the interests of disclosure and transparency, we will be advertising to our members that we are reaching out to you and offering the option for an AMA. It's an open invitation, you are absolutely not compelled to take us up on it at all, its simply an offer for you to have your view on our Forum.* + +*Thanks* + +*username-taken82* " + +&#x200B; + +We wait with bated breath............ + +&#x200B; + +(In reality though, all the AMA's are but a stepping stone to the ultimate prize. + +an AMA with the great Bearded Sage, Tom ''the titan'' Piotrowski) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I am going to copy and paste my [post](https://www.reddit.com/r/Superstonk/comments/otcfrd/the_biggest_lie_ive_ever_heard_is_that_no_one/) from last month. + +"Hedge funds don't ever lose on option plays. The recent hype "dated" posts made apes lose so much in option trading. Simply don't trade options. + +I am not going to start this off by saying "I am smooth brained Ape with little knowledge blah blah..." No, I know what I am talking about and this is how the whole story develops: + +1. Apes get so hyped up from certain "dated" posts (DD) and Apes expect the price to shoot up in that specific date. +2. Market Makers/Hedge Funds write option calls and sell these calls to Apes and make a killing. Apes buy those OTM calls thinking it's a win win for them. +3. Hedge Funds/MM look at the OTM "calls" ratio and see it's very high, because of course Apes think they price will shoot up. +4. Hedge funds/MM buy "puts" against Apes' "calls". +5. Hedge funds/MM or aka "Shitadel" direct buy pressure or FOMO, if any, through dark pools and can even short the stock with very small amount of phantom shares. +6. The price tanks on that "hyped" date and Hedge Funds collect tendies from their puts. On the other hand, Apes get frustrated, helpless and powerless. "BTW that's the psychological war that they have been playing since Jan. They want you to hate the stock and wash your hands from it". +7. As you can see, they make money on both ways. Write new OTM call options to Apes and buying puts on the way down. +8. Rinse and repeat for the last 6 months and make millions of dollars off Apes. + +That's why I have been saying this since January. Apes will never win this war until they completely stay off OTM options. Don't give them more ammo. Please don't. + +Furthermore, Apes need to downvote every hype post with specific "date". Or simply ask Mod to add a rule and ban dates. Just hodl, buy the dip whenever you can and wait for RC and his team to do something about this. Be fucking patient. Apes got this. + +* Low volume, doesn't matter +* FTD, doesn't matter +* Interest rate, doesn't matter +* TA, doesn't matter +* Exponential chart, doesn't matter +* REPO payment, doesn't matter +* Number of phantom shares, doesn't matter +* The Ken's ex wife story, doesn't matter +* s&p 400 or even 500, doesn't matter +* MACD, doesn't matter +* Positive Earnings, doesn't matter +* VWAP crossing, doesn't fucking matter +* Don't expect SEC or DTCC to do something about this. Apes are dealing with professional criminals who have been doing this for decades. + +The only thing that matters in this fight is RYAN Cohen. RC needs to act and take the matters into his own hands. I am sure he's working tirelessly and has a plan in place to expose the criminals and protect shareholders interest. Also, remember, besides fighting for apes, he's also fighting for his own 9,000,000 shares and his future." + +&#x200B; + +Finally, media is talking now about options trading ([here](https://www.nasdaq.com/articles/unusual-options-activity-might-reveal-the-gamestop-gme-and-amc-led-meme-rally-will)). If this is not a trap for Apes, I don't know what is. +BUY and HOLD ONLY the underlying stock not OPTIOPNS. + + +Edit: I got banned from the GME sub last month for saying this. In addition, l was trying to bring MODS's attention to some of the FUD post by shills. Mods in that sub are super sus. Meanwhile, Mods in this sup are extremely diligent, very reasonable and reliable. Furthermore, I also got banned from the Street sub for trying to raise awareness about the Shitadel fuckeries and illicit activities. + +Edit 2: I can simply backup my argument (or DD) with stats from 100s of other DDs and hyped posts with hyped, such as, April 16, vote counts, 6/9, Russell 2000, s&p 400, NFT in 6/9, vote counts on 6/9, $800 calla being the highest in that period, Kenny's wife, Bell Gates divorce, Jeff' divorce, GME moving to different indexes and balancing, new CEO, RC announced CEO or even the chair, RC 8/14 tweet, ice cream cone on March 19, earrings, 005, 008, margin call, inflation and other pool of regulations that was approved.... and I can keep going. All these hyped dates made apes very frustrated with the stock because it didn't meet expectations. Lots of people lost on calls because they thought GME is going above $800 by these dates. Nothing happened though. Hedgies continue to trap us with these hyped dates. Smart up and remain zen. 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Esp with the current economic climate. +GoPro is down 75% since mid-2014 when it had its IPO. There has been a lot of negative sentiment around it and based on the negative returns to the initial investors, rightfully so. + +However, it might be a turnaround company and I'll make my case below. + +Up until 2019, the company was mainly selling hardware consisting of cameras and certain accessories around it. Over 90% of their sales were through retail and their gross margin was around 34%. + +In the meantime, there have been 2 main changes: + +1. In March 2021, they launched an app called Quik and they have 221k paid subscribers ($9,99/year), bringing in around $2.2m in revenue that has a higher margin than their old-school business. + +2. They introduced GoPro subscription, which grew to 1.6m subscribers fairly quickly (130k in 2017, 185k in 2018, 334k in 2019, and 761k in 2020). Why is this relevant? The annual subscription costs $49.99 and without knowing anything else, it seems as they're adding $80m in revenue (1.6m x $50). Well, not really. The subscription provides the following: + +\- $100 discount on a new GoPro camera - Wait what? A user pays $50 in subscription and gets a $100 discount? That is a no-brainer! But wait, that's not all, it also provides: + +\- Unlimited cloud back-up + auto uploads + +\- Up to 50% off @ [GoPro.com](https://GoPro.com) + +\- No questions asked damage replacement + +\- Full access to the Quik app + +\- Share on the go + +**So, what is the catch?** + +From a user point of view, they get a lot of value and from GoPro's perspective, it doesn't seem to be that profitable as they pay by not only discounting the hardware price but also they have to cover the costs for the rest of what comes with the subscription. In theory, subscriptions are a high-margin segment, but when taking all of this into account, it is clear that we cannot expect the $80m on top of what they're earning. So, why do they offer this? + +1. At the beginning, I've mentioned the main sales channel in 2019 was retail, with 90%+ of the total sales. As of 2021, retail was 66%, with 34% being DTC (Direct to consumers). As the subscription is offered through the website, more users are opting for it. This means, they're not paying the "cut" to the retail companies and they can increase the gross margins (2021 - 41% gross margin, while 34% back in 2019) + +2. As they're providing a high-value no-brainer package, they are more like to retain the customers. When they need to buy a new camera in 4 years, they would not be considering only the hardware, but also what comes with it (Is there unlimited cloud back-up, is there a damage replacement policy, what about the Quik app substitute?). So, the subscription model (in my opinion), is less about making more money and more about retaining the customers by providing value. + +&#x200B; + +**What about the brand?** + +\- The hardware is in a very niche industry (action cameras) and as they're focused on high-quality, they're targeting the high-end. Their Hero10 black was the best-selling camera in the US camcorder market. + +\- They have over 46m social media followers across all platforms (YouTube, Facebook, Instagram) + +&#x200B; + +How does this reflect in the financials? + +Their revenue was almost $1.2b back in 2017 and is almost $1.2b now in 2021. So, in the last 5 years, it seems as there were no changes. That's not fully correct as 2020 was terrible due to the pandemic. The customers buy cameras with the purpose to capture memories while they're on holiday. Having that in mind, the drop of revenue to $900m was not unexpected. + +&#x200B; + +The rest of the operating expenses have also decreased: + +\- R&D from 19% of the revenue in 2017 to 12% in 2021 + +\- Sales & marketing from 20% in 2017 to 13% in 2021 (As they have a huge social media presence, they can use that at a lower cost to interact with their customers) + +\- SG&A from 7% in 2017 to 6% in 2021 + +**Where does that bring the company today?** + +The company finally had a positive operating margin of 13.5% in 2021! Their free cash flow is a bit over $100m. + +**What about the financial position (balance sheet)?** + +The company has half a billion in cash (with a market cap of $1.4b) with debt being below $300m. From a financial health point of view, it is definitely in a good position. In addition, they have around $280m in deferred tax assets (related to valuation allowance) that they can use in the future and pay lower taxes. In my valuation, I'm adding 50% of this as the benefit will come in the future. If we adjust the market cap for the cash, debt, and deferred tax assets, we get to a price of around $1.1b. Not bad for a company with a $100m+ free cash flow. + +In addition, in the last earnings release, it was revealed that the management was authorized to buy back shares for $100m. + +&#x200B; + +**What could be expected in the future?** + +My assumptions for the future are as follows: + +\- Revenue growth 6% in the next year (analysts forecast between 4% and 9%) and then 1.83% (risk-free rate) - This leads to revenue growth of modest 25% in 10 years to $1.4b. + +\- Operating margin 13.5% in the next year, growing to 14% (long-term operating margin) + +\- Reinvestment (sales to capital) ratio of 4 - Pretty high for a manufacturing company, but I do not expect them to invest in an additional factory or any heavy equipment. This reinvestment mainly relates to working capital + +\- WACC 7.5% + +Plugging all of this into a DCF, the **value per share is $15.95** (price $8.78) + +&#x200B; + +**What if the revenue doesn't grow as fast and what if the operating margin isn't 14%?** + + Let's take a look at a few scenarios: + +&#x200B; + +|Revenue/Op. margin|12%|14%|16%| +|:-|:-|:-|:-| +|\-10% ($1b)|$11.8|$13.1|$14.4| +|25% ($1.4b)|$14.2|$16.0|$17.7| +|50% ($1.7b)|$15.8|$17.9|$19.9| +|75% ($2b)|$17.4|$19.8|$22.1| + + I'd like to get your thoughts on both my analysis as well as the company as a whole. +Always checking this sub since 3 month and rarely I found comment or post recommending this stock. + +ARCC give a dividend yield of 8.53%. It a strong buy on many website and also undervalued right now. + +its target price for the next 12 months is $20. +Currently sitting at 1.3mil with an ATH of 3mil+! 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Diamond-handed holders will get unique and absolutely stunning NFT's + +​ +Website: https://risingsun.finance + +Telegram: https://t.me/risingsun_token +https://www.investopedia.com/berkshire-hathaway-earnings-4q2020-annual-letter-5114383#:~:text=Earnings%20per%20share%20(EPS)%20were,%2C%20up%20by%2024.6%25%20YOY. + +This is huge! + +Here's the annual letter: + +https://www.berkshirehathaway.com/2020ar/linksannual20.html + +The coolest thing is that despite selling some Apple stock, BRK shareholders' percentage ownership of Apple actually increased from 5.2% to 5.7%! + +Also, even though he states that $KHC was trading at less than carrying value at year end, the stock has since rallied. It now trades at about the same as carrying value as of Friday. +In addition to this, apparently 90% of the family's wealth is lost by the third generation. I'm not quite sure if I 100% believe this, nor do I want to believe it. I would like to read the study that found out this. This is especially important to me because I am wanting to prepare my estate for my kids. But if this wealth loss it is true: + +* Why is majority of the wealth gone by the next generation? +* Is there any point in passing on our wealth to our kids? +* Is there any point to generational wealth transferring methods (like trusts, wills etc.)? +* For the 10-30% that maintain intergenerational wealth, what are those families doing to achieve this? +**IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE** + +JASON FUCKING WATER FALL, Plaintiff, + +v. + +GAMESTOP CORP. , Defendant. + +C.A. No. 2021-0993 SEM + + +**ANSWER TO VERIFIED COMPLAINT** + +Defendant GameStop Corp. answers Plaintiff JASON FUCKING WATER FALL's Verified Complaint as follows. + +1. Plaintiff is a resident of Dallas, Dallas County, USA. + +RESPONSE: GameStop is without knowledge or information sufficient to form a belief as to the truth of the averments in Paragraph 1 of the Complaint. + +2. Defendant is a Corporation incorporated in the State of Delaware. + +RESPONSE: Admitted. + +3. This court has jurisdiction pursuant to 10 Del. C. § 341. + +RESPONSE: Paragraph 3 of the Complaint sets forth a legal conclusion to which no response is required. However, GameStop does not intend to contest the Court’s subject matter jurisdiction over this action. + +4. Venue is appropriate in this court pursuant to 10 Del. C. § 344 because Defendant is incorporated under the laws of Delaware. + +RESPONSE: Paragraph 4 of the Complaint sets forth a legal conclusion to which no response is required. However, GameStop does not intend to contest venue in this action in the State of Delaware or in the Court of Chancery. + +5. Defendant released an 8-K filing on 6/9/21 which revealed the results of its Submission of Matters to a Vote of Security Holders. + +RESPONSE: Admitted. + +6. Stockholders voted on elections of six Directors as well as two other resolutions for eight total votes. + +RESPONSE: Assuming that Paragraph 6 of the Complaint refers to GameStop’s annual meeting of stockholders held on June 9, 2021, admitted. If that assumption is incorrect, denied. + +7. In every vote but one, the total number of votes added up to 55,541,279. + +RESPONSE: Assuming that Paragraph 7 of the Complaint refers to GameStop’s annual meeting of stockholders held on June 9, 2021, admitted only that after the Inspector of Elections selected a reasonable method to obtain whole numbers by rounding vote totals that reflected partial shares, the total number of votes and broker non-votes cast in the elections for five of the six director nominees and for both of the two management proposals was reported to GameStop by the Inspector of Elections, and therefore reported in GameStop’s Form 8-K dated June 9, 2021, as having been cast by 55,541,279 shares of GameStop’s Class A Common stock. Otherwise denied. + +8. In the Larry Cheng election, the total number of votes added up to 55,541,280. + +RESPONSE: Assuming that Paragraph 8 of the Complaint refers to GameStop’s annual meeting of stockholders held on June 9, 2021, admitted only that after the Inspector of Elections selected a reasonable method to obtain whole numbers by rounding vote totals that reflected voting by partial shares, the total number of votes and broker non-votes cast in the elections for Lawrence Cheng was reported to GameStop by the Inspector of Elections, and therefore reported in GameStop’s Form 8-K dated June 9, 2021, as having been cast by 55,541,280 shares of GameStop’s Class A Common Stock. Otherwise denied. + +9. It is impossible for a vote to have been cast only in the Larry Cheng election because such a ballot would have shown up as an abstention for all other votes. + +RESPONSE: Admitted as a purely theoretical matter, but denied insofar as it pertains to GameStop’s annual meeting of stockholders held on June 9, 2021. The underlying premise of the Complaint is mistaken. There was no error in the count of the votes or broker non-votes by shares that were present in person or by proxy at GameStop’s annual stockholder meeting held on June 9, 2021, and there was no manual or other adjustment of the results of the stockholder vote. Rather, the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer resulted solely from the reasonable manner in which the Inspector of Elections rounded votes and broker non-votes by fractional shares before expressing the totals in whole numbers. In fact, all of the shares that were present in person or by proxy at GameStop’s annual stockholder meeting held on June 9, 2021 were properly accounted for in all of the matters (six director nominees, including Lawrence Cheng, and two management proposals) that were presented to GameStop’s stockholders for a vote at that meeting. + +10. Conventional wisdom does not admit that a computer will add the same numbers together eight times and get the result wrong once. + +RESPONSE: Without knowing what Plaintiff means by “[c]onventional wisdom,” GameStop is without knowledge or information sufficient to form a belief as to the truth of the averments in Paragraph 10 of the Complaint. By way of further answer, GameStop denies that there was a miscount or error in the tabulation of the vote at GameStop’s annual stockholder meeting held on June 9, 2021 and incorporates its responses to Paragraphs 7-9 of the Complaint. + +11. Plaintiff is a registered holder of Defendant’s stock. + +RESPONSE: Admitted. + +12. Plaintiff delivered a written demand under oath to Defendant’s principal place of business at 625 Westport Parkway, Grapevine, TX on 10/25/21. + +RESPONSE: Denied. + +13. Plaintiff’s written demand under oath stated Plaintiff’s status as a stockholder and was accompanied by documentary evidence of beneficial ownership of the stock pursuant to 8 Del C. § 220 (b). + +RESPONSE: Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b). Admitted only that Plaintiff’s October 25, 2021 letter asserted that Plaintiff was a “registered record holder of 397.34 shares of GameStop Corp. Class A Common Stock” and that such letter was accompanied by an October 25, 2021 letter from ComputerShare stating that as of October 22, 2021, Plaintiff held 397.33972 shares of GameStop Class A Common Stock in a ComputerShare account. Otherwise denied. + +14. Defendant has declined to produce any documents or respond to Plaintiff for over five business days subsequent to the delivery of the demand under oath. + +RESPONSE: Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b). Admitted only that GameStop has not produced any documents to Plaintiff or responded to his October 25, 2021 letter. + +15. 8 Del. C. §220 (b) states, “Any stockholder...shall, upon written demand under oath stating the purpose thereof, have the right during the usual hours for business to inspect for any proper purpose, and to make copies and extracts from: 1) The corporation’s stock ledger, a list of its stockholders, and its other books and records...A proper purpose shall mean a purpose reasonably related to such person’s interest as a stockholder...The demand under oath shall be directed to the corporation at its registered office in this State or at its principal place of business.” + +RESPONSE: Paragraph 15 of the Complaint is a quotation from a statute, to which no response is required. + +16. Plaintiff’s written demand under oath is for two purposes: 1) inspecting the Stockholder Ledger, and 2) inspecting books and records relating to the collection, tabulation, reconciliation, and reporting of the 6/9 shareholder votes. + +RESPONSE: Admitted only that Paragraph 16 of the Complaint seeks to characterize Plaintiff’s alleged purposes. Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b); denied that the purposes described in Paragraph 16 of the Complaint are the purposes that Plaintiff identified in his October 25, 2021 letter; and denied that the purposes described in Paragraph 16 of the Complaint and in Plaintiff’s October 25, 2021 letter are proper purposes. + +17. Plaintiff’s purposes for inspecting the Stockholder Ledger are 1) to confirm that the ledger contains an accurate record of Plaintiff’s stock ownership, 2) to determine the degree, if any, to which the amount of stock held by registered and beneficial stockholders exceeds the amount of stock issued by Defendant, thereby diluting Plaintiff’s stock ownership. + +RESPONSE: Admitted only that Paragraph 17 of the Complaint seeks to characterize Plaintiff’s alleged purposes. Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b), and denied that the +purposes described in Paragraph 17 of the Complaint and in Plaintiff’s October 25, 2021 letter are proper purposes. + +18. Plaintiff’s purpose for inspecting books and records relating to the collection, tabulation, reconciliation, and reporting of the shareholder votes is to investigate the possibility of mismanagement, wrongdoing, or waste. + +RESPONSE: Admitted only that Paragraph 18 of the Complaint seeks to characterize Plaintiff’s purposes. Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b); denied that the purposes described in Paragraph 18 of the Complaint and in Plaintiff’s October 25, 2021 letter are proper purposes; and denied that GameStop has engaged in any mismanagement, wrongdoing, or waste. + +19. The credible basis standard does not require Plaintiff to prove that wrongdoing occurred, or even to show that wrongdoing probably occurred; it merely requires Plaintiff to present a credible basis for belief that wrongdoing may have occurred. + +RESPONSE: Paragraph 19 of the Complaint sets forth a legal conclusion to which no response is required. + +20. Plaintiff alleges there is credible basis to suspect wrongdoing in the reporting of the shareholder votes because computer tabulation is not subject to the kind of simple adding mistakes apparent in Defendant’s voting results, meaning that the results were likely manually adjusted by a person. The presence of a mistake in the results points to the possibility of mismanagement, wrongdoing, or waste. + +RESPONSE: Denied. By way of further answer, GameStop incorporates its responses to Paragraphs 7-9 of the Complaint. + +21. Defendant harmed Plaintiff’s rights by denying Plaintiff, a stockholder, the inspection of books and records sought for a proper purpose. + +RESPONSE: Paragraph 21 of the Complaint sets forth a legal conclusion to which no response is required. To the extent that Paragraph 21 is deemed to contain averments of fact, denied. + +22. Accordingly, Plaintiff requests the Court compel the Defendant’s cooperation with Plaintiff’s inspection of the Stockholder Ledger and all books &amp; records relating to the collection, tabulation, reconciliation, and reporting of the 6/9[/21] shareholder votes. + +RESPONSE: Paragraph 22 of the Complaint sets forth Plaintiff’s demand for relief, to which no response is required. To the extent that Paragraph 22 is deemed to contain averments of fact, denied. By way of further answer, GameStop denies that Plaintiff is entitled to any relief. + +FIRST AFFIRMATIVE DEFENSE + +The underlying premise of the Complaint is mistaken. There was no error in the count of the votes or broker non-votes by shares that were present in person or by proxy at GameStop’s annual stockholder meeting held on June 9, 2021, and there was no manual or other adjustment of the results of the stockholder vote. Rather, the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer resulted solely from the reasonable manner in which the Inspector +of Elections rounded votes by fractional shares before expressing the vote totals in whole numbers. In fact, all of the shares that were present in person or by proxy at +GameStop’s annual stockholder meeting held on June 9, 2021 were properly accounted for in all of the matters (six director nominees, including Lawrence Cheng, and two management proposals) that were presented to the stockholders for a vote at that meeting. + +SECOND AFFIRMATIVE DEFENSE + +The one-vote discrepancy that was reported in GameStop’s Form 8-K filed with the United States Securities and Exchange Commission on June 9, 2021, to which Paragraphs 7 and 8 of the Complaint refer, resulted solely from the reasonable way in which the Inspector of Elections rounded fractional share vote totals. In fact, there was no discrepancy in the vote count or vote totals. + +THIRD AFFIRMATIVE DEFENSE + +The one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer is not a sufficient or credible basis to support Plaintiff’s demand for inspection of GameStop books and records. + +FOURTH AFFIRMATIVE DEFENSE + +There is no logical connection between the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer (which, if the totals were reported with fractional shares included, would not have been reported as a discrepancy at all) and the GameStop books and records that Plaintiff seeks to inspect. For that reason, the categories of books and records that Plaintiff seeks to inspect are overbroad. + +FIFTH AFFIRMATIVE DEFENSE + +Plaintiff’s stated purposes for seeking inspection of GameStop books and records are pretextual and reflect only Plaintiff’s idle curiosity, rather than a proper purpose. + +SIXTH AFFIRMATIVE DEFENSE + +Plaintiff’s demand for inspection of GameStop books and records does not satisfy the form-and-manner requirements of Section 220 of the Delaware General Corporation Law. + +SEVENTH AFFIRMATIVE DEFENSE + +Plaintiff states in Paragraph 17(1) of his Complaint that he wishes “to confirm that the ledger contains an accurate record of Plaintiff’s stock ownership.” Plaintiff has presented no basis, much less a credible basis, to believe that the GameStop stock ledger does not accurately reflect his ownership of GameStop shares. In particular, the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer bears no logical or other relationship to the question whether GameStop’s stock ledger accurately reflects Plaintiff’s ownership of GameStop shares. + +EIGHTH AFFIRMATIVE DEFENSE + +Plaintiff states in Paragraph 17(2) of his Complaint that he wishes “to determine the degree, if any, to which the amount of [GameStop] stock held by registered and beneficial stockholders exceeds the amount of stock issued by Defendant, thereby diluting Plaintiff’s stock ownership.” Plaintiff has presented no basis, much less a credible basis, to believe that the total number of shares held by GameStop stockholders exceeds the number of shares that GameStop has +issued. In particular, the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer bears no logical or other relationship to that question, especially considering the fact that the approximately 50.5 million shares that were present in person or by proxy at GameStop’s annual stockholder meeting held on June 9, 2021 were far fewer than the approximately 70.8 million shares that were issued and outstanding as of the record date for the meeting. + +NINTH AFFIRMATIVE DEFENSE + +If, contrary to GameStop’s position, the Court orders GameStop to permit Plaintiff to inspect GameStop books and records, and if any such books and records contain material, non-public information, disclosure to Plaintiff may be made only if consistent with Regulation FD promulgated by the United States Securities and Exchange Commission. + +TENTH AFFIRMATIVE DEFENSE + +The legal position taken by Plaintiff in his Complaint is not warranted by existing law or by a non-frivolous argument for the extension, modification, or reversal of existing law or the establishment of new law, and the factual allegations and contentions in Plaintiff’s Complaint do not have evidentiary support. GameStop reserves all rights relative to such matters. + +WHEREFORE, defendant GameStop Corp. requests that the Complaint be dismissed with prejudice, that judgment be entered in GameStop’s favor, and that GameStop be awarded such other relief as may be proper, including, if appropriate, an award of its costs and attorneys’ fees incurred in defending this action. + +Dated: December 9, 2021 + +TROUTMAN PEPPER HAMILTON SANDERS LLP + +Attorneys for Defendant +GameStop Corp. + +________ + + + +**JASON FUCKING WATER FALL FAQ** + +**Who are you?** + +I am a [98.76% direct registered asshole](https://imgur.com/a/G0yqRfV). My non-DRSed shares constitute a 5-share farm at a brokerage which grows DRS shares through volatility. + +**Why did you sue GameStop?** + +Because they didn't respond when I asked nicely every day, and after six weeks or so, an alternative modality seemed to be indicated. + +**What information do you want?** + +1) Information contained in the Shareholder Ledger + +2) Information relating to The Cheng Discrepancy + +**What is the Shareholder Ledger?** + +A list of all institutions and individuals holding GME. + +**Do you think the Shareholder Ledger contains evidence that the float is oversold?** + +Maybe, maybe not. Supposing that the float is oversold, the Shareholder Ledger may contain only the identities of registered holders, rather than beneficial holders. In that case, evidence of rehypothecation may not be acquisible by suing GameStop. + +**Will you share the Shareholder Ledger if you get it?** + +I will fight to share whatever I can without compromising shareholders' personal information. + +**What makes you think you can get the Shareholder Ledger by suing for it?** + +Because Delaware law says so, specifically [Delaware Code Title 8 Section 220](https://codes.findlaw.com/de/title-8-corporations/de-code-sect-8-220.html). I have followed the steps for acquiring the Shareholder Ledger specified in paragraphs (b) and (c). + +**What is The Cheng Discrepancy?** + +OK, so you know how [we all voted on 6/9 to install RC and his buddies to the BOD](https://news.gamestop.com/node/18956/html)? There were eight total elections that day. Seven of the elections show a vote total of 55,541,279. The Larry Cheng election, however, shows a vote total of 55,541,280. + +**So what?** + +So the elections should all display the same amount of votes, because it is impossible for someone to have voted in the Larry Cheng election without having been counted as an abstention in the other seven elections. The vote totals from all eight elections should match. That they don't match gives me a credible basis to suspect that mismanagement, wrongdoing, or waste may have occurred with regard to the collection, tabulation, reconciliation, or reporting of the votes.  + +**Credible basis?** + +The credible basis standard means I don't have to prove that wrongdoing occurred, or even show that wrongdoing probably happened or had a good chance of happening. All I have to show is that mismanagement, wrongdoing, or waste MAY HAVE OCCURRED.  + +Onward and upward. + +*Disclaimer: My name is JASON FUCKING WATER FALL. I'm not subject to an NDA or any kind of equivalent gag order regarding issues within GME's milieu. I haven't received information indicating an unreconciled number of ballots or votes cast in GameStop's 6/9 shareholder election exceeded the number of outstanding shares. I haven't received information indicating GameStop has been legally prevented from taking action projected to cause a systemic market event. I haven't received information indicating that the number of shares held by beneficial GameStop shareholders exceeds the number of outstanding shares. Epstein didn't kill himself and I won't either. I once touched Owen Hart's sweaty bicep as he walked out with Jim Neidhart at a house show. I have never met or knowingly spoken to Ryan Cohen, Matt Furlong, Michael Recupero, Mark Robinson, Tess Halbrooks, Greg Marose, Deep Fucking Value, Ken Griffin, Vlad Tenev, Steven Cohen, Maxine Waters, Elon Musk, Amber Ruffin, PFTCommenter, or Ariana Grande.* +I imagine home-cooked trading bots can be profitable, but only under special circumstances or in a limited time frame. I may be mistaken though. + +I think of writing a trading bot as my dissertation and would like to have realistic expectations about the outcome. Is it feasible to write a trading bot within \~200h with some basic trading knowledge and solid programming fundamentals? I don't expect any spectacular returns, anything above 0% would be desirable. +We're all aware of most of the discussions around index funds. Most people know all the song and dance around TER, tracking errors etc. In fact, people are tired debating about UTI index funds. + +But that's mostly in Nifty 50 / Nifty 100 space. + +Interesting things have been happening in the small-cap space as well, over last 1 year. + +--- + +In small-cap space, breakout winner for last one year, has been Quant Small-cap fund. If you check VRO today, it's got a **197%** (not a typo, it's 197% indeed) 1-year return. In last 1 year, its NAV has nearly tripled. + +Other small-cap funds have done well too. + +But you know what else has done well? Small-cap index funds! In fact, better than a whole lot of popular active small-cap funds. + +[A comparison of last 1 year movement](https://i.imgur.com/at14Zqt.png), across small-cap funds. The top blue line is Quant small-cap fund; and the one right below that is the index. Every fund is below that line. + +--- + +Investor returns are different from asset returns; hence instead of looking at point to point returns, we decided to simulate 1Y SIP in each of these funds: + +[And here's the result of a 1Y SIP in each of these small-cap funds, starting from 23rd March 2020, 10k / month](https://i.imgur.com/b9AFi9Q.png). + +Notice how most funds (ignore Quant small-cap fund, it's an outlier) underperforms the index fund. Especially, Axis small-cap, which had best performance just a year ago. + +--- + +Things are so bad right now, three AMCs have launched index funds - Motilal Oswal, Nippon India, Aditya Birla. + +Last two names are interesting, because these AMCs offer **both active small-cap funds, and index funds in small-cap segment**. + +--- + +**What could be the reason?** + +We can speculate, but one guess can be AUM. Axis, HDFC, SBI, Nippon, ICICI Pru etc. have more than 4k-5k Cr. in AUM in their respective small-cap space. Given how illiquid these stocks are, can be a reason for fund manager to have to load up on large-caps, or not being able to execute trades at desired volumes. + +Quant small-cap has an AUM of 135 Cr. as in Feb; orders of magnitude smaller than other popular small-cap funds. + +When a fund gets popular in small-cap space, it posts outsized returns. After 2017 bull run, people wanted SBI Small Cap, and as it was not taking new investments back then (AUM was 792 Cr., and it had blocked registering new SIP in 2015), L&T Emerging Business fund started to look attractive. + +Once SN Lahiri left the L&T AMC, investors were disappointed. + +In other words, Quant small-cap would see huge inflow in coming 2-3 years. Who wants to miss out on 200% returns! + +No takers for small-cap index funds, so these would continue to operate with lower AUMs for the foreseeable future. + +--- + +**This is just one year of data, this proves nothing, equity needs longer horizon** + +People asking this have an academic mindset, they'd be happy with mathy derivations, graphs etc. They'd rather wait for 20 years, for data to emerge with clear pattern, before making any decision. + +But being late is same as being wrong. + +A clear trend is emerging in this space, that as more investors get into market, easier access to information is unlocked, index funds are going to be harder to beat. Even the AMCs, who've access to actual transaction data of investors, acknowledge this through their actions. + +If I simulate 10Y / 15Y / 20Y of transaction data, Franklin Bluechip or HDFC Top 100 would handily beat most index-based portfolios. Is that a good enough reason to invest in these two funds today? If not, how does considering longer time frame help? + +It'd be akin to driving a car looking only at the rear-view mirror. + +For context, [this comment](https://i.imgur.com/aTffYiY.png) by one of our [Discord](https://discord.gg/hqBNg4u) members prompted this post. In his own words: + +> I expected corona crash would give active fund managers good chance for bottom fishing and grab quality stocks. I was re-balancing during corona crash, and i was divided between index and active-funds. My theory was like: FIIs sold and went out, quality stocks must be cheap for active fund managers to pick-up and provide good returns. + +--- + +**TL;DR**: + +Next time someone asks for a fund recommendation in small-cap space, consider telling them to also look into index funds in this space. These funds might just surprise you! +https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16 + +"Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin. + +The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50% to start the year as growing regulation and security fears crippled the market, seeing traders bail on their positions. However, the tide has turned. + +The unknown trader with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased the coins between Feb. 9 and Feb. 12, taking his bitcoin balance from 55,000 coins to more than 96,000." +A lot of people showed interest. So here's the deal. I'm handicapped and a Dad. So it'll take me some time. + +I don't just want to blurt out recipes without making sure they fit the needs of the community. I think it would be incentive of me to put up a recipe with ingredients that are expensive or just not available to everyone. I will probably retest them once before posting, just to make sure they taste good, and are easy to make. + + If people ask me for a small video, I can manage that. I use tools like a Kitchen Aid and a Instapot sometimes. This isn't to show off, I'm very handicapped. This is to avoid joint pain, and injury, please don't take it personally. + +I just want to share as much information as possible. Already got a good recipe from someone.😁 I know I'll get great ideas from you all so please share. I have gone to recipe books and stuff, but honestly there seems to be a lot of filler recipes in there that aren't realistic. + +I'll share my shopping tips as well. How to get Chicken at .30$/pound or never pay over 1$ for a bread product, even the healthy 12 grain one. + +If I get just 20 upvotes I'll know it's worth doing. +News that you all have been waiting for. + +CBDT decided to extend the due date for ITR filing. For most individuals, it is now **31 December 2021**. We'll have a detailed post on this tomorrow with all the new timelines. + +What does this mean? + +Gives you some more time to sort things out. Again, our request is to reach out to your tax advisor as early as possible. Get things done. Don't wait for the last minute. + + https://twitter.com/IncomeTaxIndia/status/1435969941618847747?s=20 +What is going on these days ? It seems like every firm with some money in their pockets out there is buying up shares in Jio + +[https://www.tribuneindia.com/news/business/after-facebook-uss-kkr-picks-2-32-pc-stake-in-jio-platforms-for-rs-11-367-crore-88388](https://www.tribuneindia.com/news/business/after-facebook-uss-kkr-picks-2-32-pc-stake-in-jio-platforms-for-rs-11-367-crore-88388) + +What sort of goldmine prospects are these people at RIL and Jio are showing to these investors that every tom dick and harry is putting their money into it ? + +I am a novice investor and while I do find Jio an investement oppurtunity in general but this just seems too far solely based on the telecom part that we know about and I feel like I am missing something big here + +**Can somebody please explain.** +You know, the ones supposedly nobody wants to work? + +I keep applying for companies that say they're in desperate need, they're hiring fast, blah blah blah, but I haven't heard back from any aside from a single, solitary rejection email. + +And it's not like I'm applying for CEO, neurosurgeon, NASA engineer or things that I'm clearly not qualified for. I wasn't even applying for things that I'm somewhat questionably qualified to do, although I am now, purely out of desperation. I need a job like yesterday, so I'm sticking with what I've always done - retail, customer service, etc. The kind of shit they normally hire people right out of high school to do. Not one response. Not one. + +Yet every day I see another headline about all these jobs out there, or screenshots from bosses and managers complaining about how we're all twiddling our thumbs while they're severely understaffed, all these companies are jacking up their prices and making record profits because they can't get enough people to do the work...meanwhile I'm out here flailing my arms like a psycho, trying to get someone's attention, all with the hope of making a whopping $11 to $14 an hour. If that. + +No response. + +This is absolute BS. + +Edit: I really appreciate everyone offering to help, those who reached out with suggestions, and those who recognized the area I'm in and DM'd me with even more local suggestions and advice. I haven't been able to reply to everyone yet but I've got mad love for y'all ❤️ + I can think of one more who needs to be let go. + +# [https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html](https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html) +So I know there is plenty of research that index investing worked for over 100 years. But now I realized that first index fund started in 1975, in emerging markets 1987. The prior research was done when nobody invested in index fund. Hardly anyone invested in index funds in 80s. + +The new resereach which has been done over last 30 years could be flawed, because passive investors increased from almost 0 % to almost 50 % ( https://www.bloomberg.com/professional/blog/passive-likely-overtakes-active-by-2026-earlier-if-bear-market/ ). Ofc you are gonna underperform the market, if more and more people are "blindly" buying the same stocks and you buy different stocks. + +If index funds are making the market inefficient, there could be opportunites for active funds. However, reaching for these opportunities would also mean to underperform market in the short term - or even medium term (at least for the duration for which the passive investors are increasing)... which seems like a nightmare for majority of active funds. They are more inclined to just grab some pricey stocks like JNJ,MCD,WMT, for they are highly included in indexes and their prices are pushed further and further. + +And if we conclude that the market is still efficient, when will it stop? What about when the number of passive investors rise to 80 %? Or 95 %? + +I was thinking whether to give up on stock picking and focus more on my work, but I am terrified by the growing number of passive investors. Every no-brainer (blind) investment fails given the sufficient time, because everyone is going to do it. Why is index investing any different? +Are academic degrees losing their relative power? No doubt that they have but by how much? And at what rate will they continue to decline? What are the actual values of a general bachelor's degree by subject? A Masters? A Ph.D.?. This is a question I am interested in pursuing as an MA research topic. I have yet to find any economic research on the topic so I figured I would reach out here to see if anyone had any sources for papers or articles written by economists (or other similar researchers) on the topic. + +Any feedback would be greatly appreciated and yes I am aware of some economists' views of degrees as signaling but I am more interested in the relative "purchasing" power of various degrees now, compared with years prior. + +Cheers. +Aside from having an emergency fund, of course. + +Are there certain purchases, investments, or expenses that are more appealing, for example? + +Interested to hear from others that have weathered some storms! +First off let me say I appreciate all the love and responses to my posts. Some of you I am now trading with each day and watching as you become successful. That makes the effort of posting here worth it. + +I’ve seen one type of question asked repeatedly in my DM’s so I figured I would try to address it here. + +Some version of - + +*I want to make some extra money day trading, what are some quick ways to start?* + +Or + +*Can I Day Trade part-time? I just don’t have time/ability to do it everyday* + +Or + +*Is there some book/video/resource I can use to quickly get started trading?* + +The answer is, **No**. + +All of these are essentially the same question - *How can I make money with as little effort as possible?* + +And give me all the anecdotal stories you want about how you scalped EYES for thousands of dollars, or that simple set-up you exploit every now and then. I’ll counter those with stories of all the times I left a casino a winner and leave out all the ones where I went broke. + +Here’s the cold, hard truth - *Day Trading is really fucking hard.* + +I’m a successful day trader. I know and trade with several other successful day traders. Many of us gave up really good jobs to do this full-time. Why? + +Because being a successful Day Trader is one of the best jobs you’ll ever have. No boss. Your own set-up. No limit. And most importantly - once you get it right, you **never have to worry about money again**. Just consider that for a moment - as long as you have access to a computer and the internet, you have access to income. + +Ask yourself - how much time, effort, education and experience does it takes to get an average job with a decent salary. How hard do you have to work, the shit you need to put up with, just to have the security of that paycheck? + +If a mediocre job is worth all that education, time / effort. What would you give to have all that without the bullshit? To never be fired. To control your own destiny? Is that worth more effort than just watching a few videos? + +Being a successful Day Trader means you can count on those profits every month. They pay the bills, buy the house you live in and the car you drive. Your family depends on it. That means it’s not variable, you make money - consistently. + +The good news? It doesn’t take four years of college, and then 20 years working up the ladder at some company you hate. + +The bad news? You can’t do this part-time, you can’t quickly learn it and just start trading. There is no short-cut. + +Unfortunately to truly grasp this concept you need to ignore 95% of the crap out there. The “guaranteed” set-ups, the gap and go speed freaks, and most of the moronic indicators. + +Then you need to live and breathe trading. The successful traders I know, you know what they are doing when they aren’t trading? Looking at charts. Setting alerts. Working on their scans. + +To us - **this is our job** + +I have other posts detailing what you should do to get started. But this post is meant to make one thing clear - *this is a commitment*, a major one. + +If someone is suggesting a method to you that sounds really easy - it’s wrong. If you think you figured out a really simple system that makes money - it’s wrong. + +So yes, it can be done. And anyone with a decent brain and dedication can do it. + +It’s also as incredible as it sounds. + +But if you don’t realize that a reward like that takes an insane amount of hard work, you are just going to wind up losing a lot of money along the way. Stick to swing trading, or long term investing. Far easier, and meant to provide *supplemental* income. Day Trading is for people looking to make it their *primary* source of income. Obviously at first it won’t be your primary source, but that should be the goal. Treat it as the goal, and put in the work accordingly. + +Is this just a long post that says - This shit is hard, and takes a lot of work ? Yeah, but based on what I see here, it’s needed. It needs to be drilled into everyone’s head. Too many people are losing money because they are being told the opposite. + +*As usual Trolls will be treated with the respect they deserve - none.* +It great that Indian startup market is growing fast but I am unable to understand their valuation growth during current situation as we might be moving towards some form of global recession while listed startups have tumbled all over the world. + + Multiple startups are competing in the same market ( Food delivery, Grocery Delivery, Neo banks etc) providing offers to attract customers, as a software developer i have seen the sky high salaries they are paying. How is this cash burning for customer acquisition work when vc funding tightens? Same thing has occurred in us startups, instacart is one of the only few to cut their valuation. + + +Ofcourse there are fundamentally strong startups ( imo razorpay, zerodha etc) but is this happening under assumption that India will remain somewhat isolated from the any recession that could occur in global (usa) market. +Hi guys! + +Today I'm going to be covering the largest defense contractor in the United States; Lockheed Martin (LMT). They have great fundamentals and a solid, growing dividend. + +**Business** + +Lockheed Martin is a well-known federal defense contractor. Lockheed is responsible for some of the most storied and powerful fighter jets in the world such as the F-16, the C-130J Hercules, the F-35, and many more. They're also a very influential missile producer with offerings including the PAC-3 system, the THAAD System, the Javelin Missile, and the Hellfire Missile. + +Lockheed gets 74% of its revenue comes from the US government, 25% of its revenue from international governments and 1% was from commercial and other customers. + +Their operations can be broken up into 4 distinct segments: Aeronautics (40% of revenue), Rotary and Mission Systems (25% of revenue), Missiles & Fire Control (17% of revenue), and Space (18% of revenue). Let's take a closer look at these segments. + +**Aeronautics** + +This segment includes advanced military aircraft and unmanned drone production. This is probably Lockheed's most storied segment and is where a majority of people know them from. The F-35 program made up over 69% of the aeronautics segment's net sales in 2020 and is the crown jewel of Lockheed Martin's aerospace offerings. Production of the F-35 is expected to continue for a long time given the US government's inventory objective of 2,456 aircraft, commitments from 6 other international governments, and interest from other countries. + +The drone part of this segment is very promising. Drone spending is expected to have a CAGR of 19.8% through 2023, and seeing as Lockheed is the largest drone producer in the US, they stand to benefit significantly. + +In 2020, Lockheed Martin delivered 120 aircraft including 46 to international governments. This segment got 69% of its revenue from US government customers and 31% of its revenue from international governments. + +**Missiles and Fire Control** + +This segment provides air and missile defense systems, tactical missiles, and ground precision strike weapons. Some of their famous offerings include the Patriot Advanced Capability system and the Terminal High Altitude Area Defense system. They also have some more cutting-edge (and expensive) offerings such as the Sniper Advanced Targeting Pod and the Infrared Search and Track fire control system. + +**Rotary and Mission Systems** + +This segment provides commercial helicopters, surface ships, radar systems, cyber solutions, and simulation systems. This segment got 72% of its revenue from the US government, 25% came from international governments, and 3% came from commercial customers. + +**Space** + +This is the segment we know the least about as a lot of its operations are classified. The main customers of this segment are the US Air Force, the US Navy, and the National Guard. The US government accounted for 87% of revenues and the rest came from international customers. + +This segment produces satellites, space transportation systems, and strategic, advanced strike, and defensive systems. One of the largest programs in this segment is the Trident II D5 Flett Ballistic Missle, the Space-Based Infrared System, and the Orion Multi-Purpose Crew Vehicle. I can see massive tailwinds making this a very profitable segment. + +**Revenues** + +Lockheed brought in revenue of $65.398 Billion in 2020, a 9.34% gain YoY, a 30.88% gain from 3 years ago, and a 61.33% gain from 5 years. I think these numbers are absolutely staggering considering the performance of other Aerospace companies this year (Raytheon's revenue contracted 26.55% YoY and General Dynamic's revenue declined 3.62% YoY). + +Switching over to COGS, we have COGS of $56.744 Billion in 2020, an 8.82% gain YoY, a 30.90% growth from 3 years ago, and a 57.49% growth from 5 years ago. While these increases may seem large, I'd argue that in the Aerospace industry, it's only natural that COGS growth will follow revenue growth. The only thing I'd want to see when it comes to this is revenue growth outpacing COGS growth which it has in Lockheed's case. + +Finally, taking a look at Net Income, we see a 2020 total of $6.833 Billion, a 9.63% gain YoY and a 112.04% gain from 5 years ago (I left out 3-year growth because they had just spun-off a company meaning we get a growth rate of 248.46%). + +**Margins** + +Lockheed Martin currently has a net margin of 10.45%. Their net margin has expanded by 17.54% in the last 5 years. Comparing this margin to their peers, Raytheon is currently operating at a -5.55% net margin and General Dynamics is operating at an 8.35% margin. + +**Cash On Hand/Debt** + +Lockheed Martin currently has cash on hand of 3.16 Billion, representing an increase of over 108% YoY. The amount of cash they've stockpiled makes me think they may be gearing up for an acquisition, or (much more likely) continuing to pay done debt. + +Speaking of debt, Lockheed Martin has been paying down debt significantly for the last 5 years. They've shrunken debt by 18.42% in the last 5 years and 13.64% in the last 3 years. + +**Free Cash Flow** + +Lockheed Martin has had a growing FCF for a while now. In the last 3 years, they've grown FCF by 21.09%, and grown it by 55.53% from 5 years ago. + +**Dividends** + +This is the part you've probably been waiting for (after all, this is the dividends subreddit). + +One of the most surprising things I found about Lockheed is its dividends. Lockheed currently pays a 2.99% annual dividend ($2.60 quarterly) that they've grown for 18 consecutive years. In the last 5 years, they've grown the dividend by 59.34% and maintain a payout ratio of 40.75%. + +For me, the fact that they pay such a hefty and sustainable quarterly dividend was just an affirmation that Lockheed has been undervalued by the market. + +**Price Ratios/Other** + +Lockheed has a TTM PE of 13.24x. This compares well with the current average industrials PE of 107.38x. Considering the growth rates we've observed in the last 3-5 years, I feel like this is a pretty low PE, although I recognize the short-comings and general unreliability of the PE ratio when it comes to valuation. + +What I find really interesting about Lockheed is just how efficient they are at generating capital. They have an ROE of **149.38%!** This number is even more insane when you consider their peers' ROEs. Raytheon has an ROE of -5.53%, General Dynamics has an ROE of 23.00% and Northrop Grumman has an ROE of 32.03%. + +**DCF** + +Using Finbox's 5YR DCF template, I got a Fair Value of $400.35 (18.7% upside). This is using a 10% discount rate (the highest WACC I could possibly justify), a 3.9% revenue CAGR (also very conservative), and a 15.4% EBITDA margin (the average of the last 5 years). + +As you can see, even with very conservative inputs, Lockheed has significant upside. + +**Risks** + +For any business, there are risks, here are some of the biggest ones for Lockheed: + +1. Stagnating military spend - Seeing as Lockheed is a military contractor, they are dependent on military budgets. The United States makes up a large majority of their revenue, so they are sensitive to the budget put forth by the DoD. +2. F-35 troubles - The F-35 is Lockheed's current bread-winner, so if the DoD decides to back out, Lockheed could be in some trouble. I peg this risk pretty low, though. The F-35 program has come a long way and seems to be doing very well in test flights. [This is a good video if you're interested.](https://www.youtube.com/watch?v=oGAepadiPBY&t=233s) +3. Aerojet acquisition challenge - Raytheon recently challenged Lockheed's acquisition of Aerojet citing supply concerns. While there may be a shred of merit to this claim, I think it's just Raytheon trying to get into a competitor's way and I think the case will ultimately be either thrown out or settled for tens of millions. + +**Conclusion** + +I'm really bullish on Lockheed. I think they've been undervalued by the market just because they're a member of a sector with some laggards. That being said, I would love to hear some second opinions as I'm not as experienced as many of you are. +I've always wanted to have an internal competition, but why keep it to ourselves. Get some degenerates from reddit to join in. + +I’ve suited up in full PPE to enter ASX\_bets, it's part of our OHS measures. + +# The Prize + +* 1st place gets free ASX trading for a year\^ +* Second place gets... **help me with a prize?** +* Dead last wins a $200 cash consolation prize +* The top 3 leaders at the end of the first three quarters get $100 + 5 free ASX trades + +# The Rules + +Happy to take feedback on the rules. + +* Your portfolio must contain at least 5 stocks or funds, a max of 10. + * Must be ASX ~~or US~~ and something you can buy on the SelfWealth platform. +* You’ve got a fictional budget of $10k, so you can spread it as you see fit +* It must be submitted here before the end of 19th June +* You need a SelfWealth account by end of June 2021 +* (OPTIONAL) post your SelfWealth alias with your tips +* Dates go from 20th June 2021 - 19th June 2022 (this will include the final day of US trading) +* Dividends aren’t counted because that’s too much effort... +* If corporate actions take place, we'll all make a call on how that works +* MINIMUM of $1k per stock +* We have to get at least 100 entrants + +# How to Enter + +Open for recommendations if there's a better way of doing this. Post your tips here as a comment using this format: + +TICKER/$ + +An example: + + SWF/4000 + IVV/1000 + BRN/1000 + Z1P/1000 + 88E/3000 + @Yeeeeeet (that's my actual alias) + +I’ll then throw them into a Google sheet so we can track who’s winning. + +*\^ 120 trades with a year expiry on them. If you monkeys are trading more than that then we’ll also throw in some therapy to get you off your addiction. Also, these are real CHESS-sponsored trades, none of this “one omnibus HIN” malarkey*. + +*Any cash prizes are deposited into your SelfWealth cash account.* + +Just in case: these are NOT investment recommendations from SelfWealth. Do not take investment advice from people on the internet, let alone the people on ASX\_bets. + +At the request of the mods, mods can't enter. This isn't associated with the actual sub, purely a SelfWealth thing. + + +# Updates + +* We are in /r/ASX_bets so removed the US stocks from the tips +In their most recent advanced notice filing with the SEC, the NSCC directly addressed the "idiosyncratic risk" associated with GME and how they plan to alter their Gap Risk Measure to more accurately get funds from members to prevent a contagion/spillover effect in the event of a rapid and massive change in the price of certain idiosyncratic securities.  + +This is the link to the new filings for proposed rule changes to the SEC: [https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2022-015](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2022-015) + +Pdf download of NSCC submission 34-96511: [https://www.sec.gov/rules/sro/nscc/2022/34-96511.pdf](https://www.sec.gov/rules/sro/nscc/2022/34-96511.pdf) + +A certain Dismal Jellyfish of our already covered this submission in detail, but this one quote really stood out to me: + +>Recent extreme market events, including both the impacts of the COVID-19 pandemic and volatility caused by social media sentiments (referred to as the “meme stock events”), have led NSCC to reconsider the causes and characteristics of idiosyncratic risks that the Gap Risk Measure was designed to mitigate. More specifically, these events have indicated that price changes due to gap risk events seem to occur more frequently and in higher severity; and may not be isolated to issuer events but driven by new mechanisms that drive concurrent market price moves involving unconventionally correlated securities. + + +So not only is the NSCC admitting the "meme stock basket" theory (unconventionally correlated securities), they are saying that the cause of the price movements are divorced from anything to do with the companies themselves. Isn't this a MASSIVE red flag that the market is fraudulent and not providing proper price discovery?  + +And all they are doing is making sure they can more accurately and frequently access funds to mitigate the risk of massive price swings (MOASS soon anyone?) due to these forces? It shows time and time again that the goal is not to protect retail investors, companies, or even the integrity of the market but rather to protect themselves from crumbling. + +Edit: many people are saying this is just them blaming redditors, which it largely is. But I will post one of my comments below stating why I think them even mentioning it in this manner is important: + +>It's clear that they are trying to pin this on retail investors, and though the language is ambiguous it could be interpreted that way for sure. But even if they are trying to use legalese to say redditors are to blame, this is them admitting that the stocks are moving together, completely outside of company Financials. So they are describing the trend that we have observed as well, but are blaming social media movements, whereas the social media movement is blaming the complicit regulators, the bad actors, and the corrupt ecosystem itself. Two sides of the same coin. If anyone is ever held accountable at the NSCC, this quote could be used to show that they had knowledge of the trend, and it would be easy in discovery to show that there was no retail driven volume in the correlated securities to drive the correlation in the first place (ie. The price movement correlation must come from another source aside from retail traders.) So maybeyz basket swaps? +Okay, So I recently posted a rental on Craigslist and received my first hate email. The house was just fully remodeled and to be honest is priced fairly reasonably. 3 bedrooms in this town go for 1600-2100, where this property is a 4/2 and listed for 1950. Has this happen to anyone else ?! Do people have more time on their hands during the pandemic and need an outlet? 😂 + +Email- +“On a true-value basis, you're charging about three or four times what that place should be worth. + +It's a common phenomenon--it's called the Great American Lie, and it's what creates "bubbles" that burst and shit all over everything underneath. (Under the Great American Lie, everybody grabs and grabs and grabs and grabs, and they all grin while they're b***-fucking each other.) + +I think the pandemic is going to make a lot of people a lot smarter--probably not you, but you're too fucking greedy to matter. If you couldn't le*ch off other people's hard work, you wouldn't have one stinking thing.” +I'm genuinely curious what they are waiting on. I honestly believed that once the vote was done, we'd hear something within a week or two. We're approaching 4 weeks since the meeting and not a peep. Am I missing something? Are there other big hurdles they need to get over/around first? Not trying to be impatient, but I'm ready to see some action. +Exactly one year ago to this day, I had less than $100 in my savings. I was 20yo and I spent all my money on food, alcohol and games. I had no idea about savings accounts, buying shares, interest rates etc. + +Today I hit $13000 in savings. I’m currently in uni so I can only work part time and thus this amount isn’t a lot, but I’m getting there. Today I also took $5000 of this and invested it into an etf. I have begun to build my future and it is thanks to all of you who share your advice and thoughts on this subreddit. + +So from the bottom of my heart thank you, and when I retire in 20-30 years I’ll be sure to buy y’all a drink :) + + +Here we’re going to try and understand the general reasons why fund managers and other institutional investors may choose to ‘’Bet against’’ a particular stock in times of upcoming/present inflation. We’re going to discuss Michael Burry’s New Put position against $TSLA. In recent Q1 of 2021 fillings Scion Asset Management disclosed they’re $500Million Put position in Tesla. Burry is betting against Tesla but don’t confuse *PUT with a SHORT* the question is what’s causing this move? + +Lets start from the beginning For Michael Burry he’s been advocating the upcoming inflation Since early 2021 on his twitter account + +**ABOUT INFLATION** + +as of today commodities have been rising for the past 12months, lumber prices are significantly up, Housing market is seeing a big growth, Global food prices rose for the 12th month in a row in May, up nearly 40% YOY. Numbers do like inflationary + +[Wages are rising](http://www.cnn.com/2021/05/18/economy/bank-of-america-minimum-wage/index.html) and so are [bond yields](https://money.cnn.com/data/bonds/index.html). The housing market is still chugging along. The [prices of many retail goods](https://www.cnn.com/2021/05/09/investing/stocks-week-ahead/index.html) are going up, partly because of [supply shortages](http://www.cnn.com/2021/05/15/business/supply-chain-price-increases/index.html) but also because of real demand. + +&#x200B; + +**Relationship between Inflation, higher interest rates, and stocks** + +When anticipating higher inflation rates central banks have the tools to prevent this from happening and one way is to raise interest rates, but higher rates do have both pros and cons. But for our research lets just discuss how this affects stocks and particularly growth stock + +Here's a screenshot from Visualcapitalist to demonstrate the following + +https://advisor.visualcapitalist.com/how-rising-treasury-yields-impact-your-portfolio/ + +High rates and Stocks + +Let’s take the period of the 1960’s-1980’s DJIA where the index advanced from 618 to 875 during 20year period, but on the other hand in the same time frame U.S. GDP grew by 370%. What caused such asymmetrical movements between general stock market and whole GDP? Answer lies in interest rates Picture + +https://advisor.visualcapitalist.com/us-interest-rates/ + + During the period of 1960-1980 **10year treasury yield** went from 4% to staggering 15% by 1980. To put things into perspective let’s talk in pre-tax terms suppose you’ve bought: + +$1M worth of bonds paying you 10% annually. + +this means every year you are producing $100.000 pre-tax which is really good. Now let’s say that you want to buy a *business* that’s earning $100.000 pre-tax what is the amount you are willing to pay? well that depends our bond which is virtually risk-free yields 10% return every year for the next 10yrs in pre-tax terms, + +if considering buying a business paying more than 1Million won’t be an intelligent thing to do say you buy a business worth 1.5M making 100k pre-tax the return would be 6.7%. making an investment decision investor is better off with bonds in given example than he is with given business. Not many businesses can return say 10-15% annually for span of 8-10yrs. in period of 1980’s bonds were superior pick as compared to stocks. + +As said inflation causes interest rates to move higher and this leads us to market sentiment swaying away from stocks to fixed investments paying higher yield. And vice versa as Warren Buffett said ‘’the effect of interest rate changes is usually obscured. Nonetheless, the effect--like the invisible pull of gravity--is constantly there’’. + + Since we established the basic frame in which this letter is written, now let’s get back to burry + +As we said raising inflation causes interest rates to go up and stock prices to go down, some companies have high exposure to inflation and some don’t. by experience and many examples we know that inflation hurts growth stocks more than their older peers why? Most of the time high growth tech companies are trading based on future performance, valuations are based on revenue multiples and sizes of the enterprise, newly baked companies don’t produce any free cash flow. this type of environment is sustainable at low interest rates since everyone is better of buying a speculative security $XYZ for price of say 50$ that has high trading volume that is likely trade at 100$ in this type of environment high growths are simply better performing group than older peers and fixed investments. + +What happens when there are risks of inflation kicking in? well most likely general public will shift their attention to ‘safer’’ securities that have less **exposure to inflation risks** case can be made for companies that have pricing power to delegate rising costs by raising prices (mature companies for example) or fixed investment securities. We can argue that there are other hedges against inflation but are more suited for sophisticated individual + +As of June5, 2021 what’s the big picture? Inflation could be both transitory or here to stay I don’t think Its in my competence to guess the macro environment and therefore I won’t. + +As described earlier inflation followed by higher interest rates causes the general public to shift from high growth stocks to safer investments, this has double effect ‘’safer’’ company stock prices are on the rise and growth companies with unsustainable multiples and add public opinion shifting away from the business given securities price tends to go down. +reason is growth companies are more dependent on borrowing money to fuel growth, and higher interest rates make that more expensive leading to slower growth and the possibility of those large borrowings crushing their business. + +In case of Michael burry and his conviction about upcoming inflation mixed with bearish view on TESLA explains his move. As we know betting against Tesla in 2020wasn’t a smart move to make(source S3) + + [https://imgur.com/EW5ydel](https://imgur.com/EW5ydel) + +Tesla short sellers lost about $40Billion dollars in 2020 so betting against it just because it trades at high multiples or is cash low negative isn’t a sufficient argument to bet against it there *should be more factors interacting with each other in order to bet against Tesla. As of 2021 we have the following picture* + +**Almost unjustifiable trading multiples, Internal company problems such as supply-chain issues, accompanied by China operations pressures, in mix with external factor of inflation followed up by rising bond yields makes the company somewhat vulnerable as compared to previous year.** + +and if you are still here thank you for your time! + +Mayer Weinroth +Im 16 and need a bank account but dont want anyone else having access + +So I’m about to start a job at pamda express(first job woohoo) and i need to start a bank account asap. The problem is that most places reuire a parent or family member having access to it. i dont trust anyone to have access to the account, does anyone know a way to make them without sombody else having access? + +If it matters im located in California, because idk different countires and states have different laws? + +I need a checking and savings for my future plans, going to japan, a more fuel efficient car, and culinary school. So if anyone knows it would be greatly appreciated. +I’m fairly new to investing and have decided to get into swing trading as a side hustle. I’ve spent a lot of time understanding the fundamentals and charting, what to look for and determining an enter exit strategy... but the one thing I struggle the most is finding stocks to buy in before it has already rose. + +I use finviz to scan oversolds and find promising trends and I always see if the timing is good to buy into blue chips, yet I always feel like I’m late to the party. + +The most recent examples of this are wkhs and plug, companies that have gone under my radar and seen explosive growth in a short period of time. Are there resources/news that you guys use regularly to learn about catalysts etc. and be set up to get in early on? +Thoughts on this deal. Paid 200k for raw land around 6 years ago. I have an offer to sell for $700k. Proposal is 25% down with owner financed and remainder paid over 12 months. It’s a larger parcel with mature timber. Only downside that I can think of is buyer clear cuts and runs after paying 25% +I received a letter that I had been overpaid by DFAS and I now owe $1000 and change after interest and late fees. + +I have no idea what payment they are referring to. My credit report shows a debt in collections with the original account value being $872. This entry has tanked my credit score by 100 points. + +I went through all my bank statements and the only deposit close to that amount was during my last month in active duty during which i received two deposits close to that amount. One of them was my travel pay during my ETS. + +I have not been able to call to get more information yet but i dont even know what information to get or how to go about disputing this. + +My biggest concern is my credit score as it is now dropped for 760+ to 660 ish. Of course, paying $1000 unexpectedly will put me in a really bad spot financially as well. + +What are my options here and how do i even move forward? + +EDIT: wanted to say i'm overwhelmed by the general helpfulness of the responses. I am reading every single one of them. Some more, possibly relevant information: + +* I have had the same bank since 2011 +* i have verified with my bank the last deposit from DFAS was in March of 2014. +* the account that is showing on my credit report was opened in september 2017 and closed 1 month later +* it says it was sent to collections, but the letter demanding repayment that i received was from the Dept of US Treasury (BFS) +* i am nearly 100% certain this is not a scam +* I never received any notice of this debt prior to the letter that was post marked Jan 31st, 2018 + +additional info for frequently asked: + +it still shows DFAS as the creditor on CreditKarma. The letter came from the Dept of Treasury. The letter says i owe a little over $1000 but the accounts on my credit report show that it was "placed for collections" with a total of $872. + +the letter states that if i dont pay it, it will be sent to a collections agency and reported to credit bureaus but clearly that has already happened. It doesnt appear to be any private collections company involved so i have no idea where the money above the original $872 even came from. +45 years old. Worked my ass off early. Still working my ass off. Built NW to $13mm. Unlike many on this sub, there was never a windfall payout. No home run. Just hitting singles over and over. Putting into index funds. And building my business. Overall I feel lucky. But.... I’m torn how to RE. Now that I’m FI I see more opportunities to grow business all the time. I have more risk tolerance. It’s less effort to get bigger. So I keep going. It seems disruptive to retire. I have kids in school and they are on a routine. I’m desperately trying to move to a more passive role but I can’t stop wanting to pursue ways to grow. I think it’s just what I’ve known. I’m afraid I will get old and never take advantage of the lucky situation I’ve achieved. Anyone else? +I'm glad I know where I stand on how much they value their employees at my job. Our multibillionaire owner took away holiday pay, paid vacation time, unpaid vacation time, refuses to get things fixed or replaced. We have to buy our own supplies like oven cleaner, oven mitts, sugar sifters, pastry bags and now they refuse to pay me for the hotel room I had to get because I couldn't drive home. + +I make $11.50 an hour, worked 7 hours and the hotel room cost me $111 so I actually lost money by going to work. On the other hand I also didn't get myself killed or totalled my car by risking driving and it was the most comfortable bed I've ever slept in and took a very long shower + +People tell me I should've called an Uber or taxi but I live in the middle of nowhere where there isn't much of Uber or taxis +I mean!!!!!!! We ALL deserve a roof over our heads, but how can one afford to pay $1500-2000 a month for a ONE BEDROOM in a crappy part of town. When one has a child and a minimum wage job. Sigh. +This is a goofy question, but... + +For those of you who don’t know, Tom Nook is a character in the Animal Crossing video game series. In addition to serving as the primary shopkeep in most of the games, he sees to it that you, the player, have a roof over your head. Your first house (tent) purchase from him is non-optional, and in older versions of the game, house upgrades are *also* non-optional (leading to fan jokes about extortion), but the most recent game changes the latter limitation, allowing you to pay off your first house and keep your loan balance at zero indefinitely. + + +However, one thing that has never changed across the games is the nature of these loans...namely, that you don’t actually have to pay them back. Tom Nook will ask you to do so repeatedly, but he makes no effort to reclaim the house or anything, and you can go the entire game living out of a tent and fishing for sport if you want. The only downside is that you *will* be stuck in that tent; Nook doesn’t do any upgrades until the old debt is gone. It kinda reminds me of the “casual loans” exchanged between friends and family, where one person gives another some cash with the expectation of repayment, but doesn’t really go after the other person if they don’t pay it back...they just remind the recipient about it over and over again, and won’t lend to them a second time if the reminders are ignored (ex: “No I’m not giving you a couple hundred; you still haven’t paid me back the money I gave you last month, you jerk!”). + + +Problem is, “casual loan” is just a phrase I made up; I have no idea what that’s actually called, and I have no idea what Nook’s hilariously generous method of debt management is called either. Is there an official term that describes this kind of arrangement? Because I know it’s not a gift, since ignoring the debt does have *some* negative effect (can’t upgrade your house). In other words, what do you call it when a person doesn’t necessarily have to repay a loan, but their lack of repayment still affects their future lending potential? +I really like this stock. When Covid-19 is over, pharmaceutical stocks will fall. And cannabis? Well, its mostly pump and dump. Just hype. But there is no denying that A.I and TECH market is growing every year. + +&#x200B; + +&#x200B; + +&#x200B; + +**Datametrex AI Limited** (TSXV:DM,OTC:DTMXF,FWB:D4G) is a technology-focused company with exposure to health security, artificial intelligence and machine learning through its wholly owned subsidiary Nexalogy Environics. + +&#x200B; + +Nexalogy utilizes artificial intelligence (AI) and machine learning (ML) technology to provide data analytics insights to businesses and government agencies. Nexaintelligence, Nexalogy’s core technology, is a powerful social discovery tool that analyzes millions of data points from social media platforms for our clients. This patented and scalable technology analyzes social media data to find new audiences, trends, risks and voters and removes spam for government agencies and businesses. In addition to social media discovery, Nexalogy has developed a “Fake News Filter” for social media. This technology was developed to help a client monitor the Canadian Federal Elections. + +&#x200B; + +Datametrex is **currently working on numerous government contracts**. The company has completed several milestones for the Canadian Department of National Defence’ Innovation for Defence Excellence and Security (IDEaS) program and has recently secured another contract through the program. The company is also a vendor for the US federal government. Its social media threat detection technology is expected to be tested by several NATO partners. + +&#x200B; + +Since launching NexaIntelligence, Datametrex has been focused on improving the platform. The company has added bot and agent detection functions and outfitted the platform with an algorithm that detects false narratives in social media discussions. + +&#x200B; + +Through its subsidiaries, Datametrex has secured contracts with various divisions of **LOTTE Group**, the **fifth-largest conglomerate in Korea**, and was chosen by Two Lakes Group to be their technology solution provider for projects in Africa. Two Lakes is an international consulting firm that is focused on helping Africa become a global economic hub through a network of trade and diplomacy. + +&#x200B; + +Since launching Health Security as a result of the world pandemic COVID-19 (2019-nCoV) in January 2020, Datametrex has been engaged is the selling of COVID-19 polymerase chain reaction (PCR) based testing kits along with complete testing services. One of the main aims was to strengthen diagnostics capacity for COVID-19 detection to help governments and companies improve surveillance and early detection and track and trace the spread of COVID-19. + +&#x200B; + +Datametrex formed a network referral laboratories with demonstrated expertise in the molecular detection of COVID-19 and ensured the newly developed 2019-nCoV PCR assay test kit’s availability through supply chain from South Korea. Since December 31, 2019, and as of October 28, 2020, 44,052,388 cases of COVID-19 have been reported, including 1,168,076 deaths worldwide. + +&#x200B; + +Datametrex’s Company Highlights + +Over three billion social media users worldwide. + +Global social media analytics market to reach US$16.37 billion by 2023. + +One patent granted and another pending approval in the US and Canada. + +Approximately C$4 million in AI contracts secured to date. + +Vendor to the US federal government, which spent approximately US$85 billion on technology in 2018. + +Led by an experienced team of operators and capital market professionals. + +The company has received $1.8 million from the exercise of share purchase warrants and options in Q2 2020 + +Datametrex delivers secured COVID-19 reporting and testing solutions that are FDA, Health Canada and CE approved. + +Datametrex can adapt and serve the ever-changing COVID-19 landscape. + +Approximate top-line revenue estimates C$20 million in COVID-19 contracts secured to date. + +Datametrex is supplying COVID-19 Tests for 13 film productions launched in Vancouver, with additions in Montreal and Toronto. + +&#x200B; + +What they own right now: + +\- Constantly expanding Corona-Test-sales-contracts + +\- 100% Top notch AI company (Datametrex itself, especially South Korea) + +\- 100% Top notch AI vertical (Nexalogy) + +\- 100% Telehealth vertical (Concierge Medical) + +\- 100% crpyto mining vertical for spinning off to the market and raise funds directly into that company (Ronin Blockchain). + +\- 25% shares of Blockchain and cryptomining company (Graph Blockchain) + +&#x200B; + +&#x200B; + +Most interesting inteview: + +\#Datametrex Germany - #AI based social media intelligence - #NATO #7Eleven and #Samsung already on board Interview with CEO Marshall Gunter + +[https://www.wallstreet-online.de/nachricht/13500969-ki-dienstleiser-interview-datametrex-ki-basierte-social-media-intelligence-nato-7eleven-samsung-bord](https://www.wallstreet-online.de/nachricht/13500969-ki-dienstleiser-interview-datametrex-ki-basierte-social-media-intelligence-nato-7eleven-samsung-bord) + +&#x200B; + +It's in Germany language but google translate can translate this into english. But from there you learn that they already been working with **NATO, the US Air Force and for the Canadian Government**. + +**They setting up an office in Berlin and expand cooperation within the framework of NATO to include European NATO partners. In this respect, we are of course, and in particular, available to German security institutions.** + +Also, because there will be elections in Germany, Datametrex will be there useful. + +&#x200B; + +LATEST UPDATES (2021) + +&#x200B; + +And in January, Datametrex signed **another** contract with **LOTTE** for technology services and maintenance. LOTTE is famous South Korea company. + +On February 1, 2021, Datametrex signed another agreement with a **Canadian mining company**. + +On February 11, 2021, Datametrex announced the closing of an acquisition for **Concierge Medical**. Concierge Medical is a telehealth company that is **already operational**. + +&#x200B; + +Well, It's AI company who also investing in health care and Blockchain (for investment). But main focus is still on AI. + +Also something about REDDIT + +“We started collecting this data at the end of January,” says Marshall Gunter, CEO of the Company. “This report was generated after three days of data collection and is an example of our AI in action. We are happy to report that **NexaSMART** **will include Reddit and other data sources as of Q2 2021**. This will **expand our offering and capitalize of the new information environment reflected in the Reddit events**.” + +&#x200B; + +There is no Q4 earnings yet but if you wanna find one, you can find more here: + +[https://www.reddit.com/r/Datametrex/comments/lu6th7/datametrex\_revenue\_guidance\_for\_q4\_2020\_and\_q1/](https://www.reddit.com/r/Datametrex/comments/lu6th7/datametrex_revenue_guidance_for_q4_2020_and_q1/) + +&#x200B; + +Company that has been/is working with **Ford**, **NATO**, **LOTTE**, **US Air Force**, **Canadian Government**, **film industry**, working in **South Korea** and now just began to work in **Germany** and expanding there... how much more you need? It keeps growing. + +I really believe that Datametrex AI will be the next PALANTIR but it will take time! If you looking for pump and dump stock then Datametrex is not for you. Invest long, win big. +I really like this stock. When Covid-19 is over, pharmaceutical stocks will fall. And cannabis? Well, its mostly pump and dump. Just hype. But there is no denying that A.I and TECH market is growing every year. + +&#x200B; + +&#x200B; + +&#x200B; + +**Datametrex AI Limited** (TSXV:DM,OTC:DTMXF,FWB:D4G) is a technology-focused company with exposure to health security, artificial intelligence and machine learning through its wholly owned subsidiary Nexalogy Environics. + +&#x200B; + +Nexalogy utilizes artificial intelligence (AI) and machine learning (ML) technology to provide data analytics insights to businesses and government agencies. Nexaintelligence, Nexalogy’s core technology, is a powerful social discovery tool that analyzes millions of data points from social media platforms for our clients. This patented and scalable technology analyzes social media data to find new audiences, trends, risks and voters and removes spam for government agencies and businesses. In addition to social media discovery, Nexalogy has developed a “Fake News Filter” for social media. This technology was developed to help a client monitor the Canadian Federal Elections. + +&#x200B; + +Datametrex is **currently working on numerous government contracts**. The company has completed several milestones for the Canadian Department of National Defence’ Innovation for Defence Excellence and Security (IDEaS) program and has recently secured another contract through the program. The company is also a vendor for the US federal government. Its social media threat detection technology is expected to be tested by several NATO partners. + +&#x200B; + +Since launching NexaIntelligence, Datametrex has been focused on improving the platform. The company has added bot and agent detection functions and outfitted the platform with an algorithm that detects false narratives in social media discussions. + +&#x200B; + +Through its subsidiaries, Datametrex has secured contracts with various divisions of **LOTTE Group**, the **fifth-largest conglomerate in Korea**, and was chosen by Two Lakes Group to be their technology solution provider for projects in Africa. Two Lakes is an international consulting firm that is focused on helping Africa become a global economic hub through a network of trade and diplomacy. + +&#x200B; + +Since launching Health Security as a result of the world pandemic COVID-19 (2019-nCoV) in January 2020, Datametrex has been engaged is the selling of COVID-19 polymerase chain reaction (PCR) based testing kits along with complete testing services. One of the main aims was to strengthen diagnostics capacity for COVID-19 detection to help governments and companies improve surveillance and early detection and track and trace the spread of COVID-19. + +&#x200B; + +Datametrex formed a network referral laboratories with demonstrated expertise in the molecular detection of COVID-19 and ensured the newly developed 2019-nCoV PCR assay test kit’s availability through supply chain from South Korea. Since December 31, 2019, and as of October 28, 2020, 44,052,388 cases of COVID-19 have been reported, including 1,168,076 deaths worldwide. + +&#x200B; + +Datametrex’s Company Highlights + +Over three billion social media users worldwide. + +Global social media analytics market to reach US$16.37 billion by 2023. + +One patent granted and another pending approval in the US and Canada. + +Approximately C$4 million in AI contracts secured to date. + +Vendor to the US federal government, which spent approximately US$85 billion on technology in 2018. + +Led by an experienced team of operators and capital market professionals. + +The company has received $1.8 million from the exercise of share purchase warrants and options in Q2 2020 + +Datametrex delivers secured COVID-19 reporting and testing solutions that are FDA, Health Canada and CE approved. + +Datametrex can adapt and serve the ever-changing COVID-19 landscape. + +Approximate top-line revenue estimates C$20 million in COVID-19 contracts secured to date. + +Datametrex is supplying COVID-19 Tests for 13 film productions launched in Vancouver, with additions in Montreal and Toronto. + +&#x200B; + +What they own right now: + +\- Constantly expanding Corona-Test-sales-contracts + +\- 100% Top notch AI company (Datametrex itself, especially South Korea) + +\- 100% Top notch AI vertical (Nexalogy) + +\- 100% Telehealth vertical (Concierge Medical) + +\- 100% crpyto mining vertical for spinning off to the market and raise funds directly into that company (Ronin Blockchain). + +\- 25% shares of Blockchain and cryptomining company (Graph Blockchain) + +&#x200B; + +&#x200B; + +Most interesting inteview: + +\#Datametrex Germany - #AI based social media intelligence - #NATO #7Eleven and #Samsung already on board Interview with CEO Marshall Gunter + +[https://www.wallstreet-online.de/nachricht/13500969-ki-dienstleiser-interview-datametrex-ki-basierte-social-media-intelligence-nato-7eleven-samsung-bord](https://www.wallstreet-online.de/nachricht/13500969-ki-dienstleiser-interview-datametrex-ki-basierte-social-media-intelligence-nato-7eleven-samsung-bord) + +&#x200B; + +It's in Germany language but google translate can translate this into english. But from there you learn that they already been working with **NATO, the US Air Force and for the Canadian Government**. + +**They setting up an office in Berlin and expand cooperation within the framework of NATO to include European NATO partners. In this respect, we are of course, and in particular, available to German security institutions.** + +Also, because there will be elections in Germany, Datametrex will be there useful. + +&#x200B; + +LATEST UPDATES (2021) + +&#x200B; + +And in January, Datametrex signed **another** contract with **LOTTE** for technology services and maintenance. LOTTE is famous South Korea company. + +On February 1, 2021, Datametrex signed another agreement with a **Canadian mining company**. + +On February 11, 2021, Datametrex announced the closing of an acquisition for **Concierge Medical**. Concierge Medical is a telehealth company that is **already operational**. + +&#x200B; + +Well, It's AI company who also investing in health care and Blockchain (for investment). But main focus is still on AI. + +Also something about REDDIT + +“We started collecting this data at the end of January,” says Marshall Gunter, CEO of the Company. “This report was generated after three days of data collection and is an example of our AI in action. We are happy to report that **NexaSMART** **will include Reddit and other data sources as of Q2 2021**. This will **expand our offering and capitalize of the new information environment reflected in the Reddit events**.” + +&#x200B; + +There is no Q4 earnings yet but if you wanna find one, you can find more here: + +[https://www.reddit.com/r/Datametrex/comments/lu6th7/datametrex\_revenue\_guidance\_for\_q4\_2020\_and\_q1/](https://www.reddit.com/r/Datametrex/comments/lu6th7/datametrex_revenue_guidance_for_q4_2020_and_q1/) + +&#x200B; + +Company that has been/is working with **Ford**, **NATO**, **LOTTE**, **US Air Force**, **Canadian Government**, **film industry**, working in **South Korea** and now just began to work in **Germany** and expanding there... how much more you need? It keeps growing. + +I really believe that Datametrex AI will be the next PALANTIR but it will take time! If you looking for pump and dump stock then Datametrex is not for you. Invest long, win big. +I’m really excited to say that I have finally been approved for my first investment property. 9 +Units. All single family units. 8 houses are on one street and one deed, and the other is just a few blocks away. I expect it to cash flow $2,000/mo. All are currently rented out with longer term tenants. Appraisals are set for next week. Expect to close by around the 1st of March. If you have any good resources for new investors please let me know. +I posted this comment earlier in the thread of the guy who transferred out of Wealthsimple to TD u/Outrageous-Garbage99. This is a little tinfoil but hear me out on this one. For those who haven’t seen it when it transferred his average “cost” was $3653.56 a share. Meaning the transfer cost Wealthsimple $3653.56 to find the real shares and send them to TD. + +Let’s say that these institutions actually know how many shares there are currently in circulation and they base their “price” on the actual float (with all the synthetics that are currently in circulation). A simple ratio would suggest that there are 1.719 BILLION shares in circulation (158x=3653*74,380,000 [float noted on TOS]). + +The shares are so diluted that they are showing $158 per share for 1.719 billion shares but even without the squeeze they are worth $3653.56 per share right now. I honestly think that this is actually plausible. They have had to suppress the price by just printing shares to save their asses. We have all seen the DD that shows Germany owns the float, Sweden owns the float, Canada owns the float, USA owns multiple floats etc. I am sure this is going to be downvoted to hell. But I thought I might offer my tinfoil up to be denigrated and chastised for those with a few more wrinkles. + +TLDR: I think we own the float so many times over they are more fucked than we think they are. 1.7 billion shares based on transfer pricing. NFT is really gonna hurt Kenny and crew. Like u/RickofSpades hurt that banana. That banana will never recover…….coming for you Kenny et al. +And then we have SEC who sued Ripple for selling an "unregistered security". Why aren't the SEC suing the banks and the government for the bailouts, especially when these are the big banks that don't need them? Oh wait, SEC is part of the government. + +When you hear about some criminal with a stolen suitcase of cash no one cares. Meanwhile, talk about carrying stolen bitcoin and monero and now people hates crypto for money laundering, and the government works extra hard to crack down and put regulations whenever possible. It's a double standard. And they let the banks launder $2T a year. + +The government is fucked. +As the title says now that we are under 50k people are waiting to buy under 40k. People always panic to buy when market is at extreme fear while the **extreme fear** is what we wished for when market was pumping like crazy. + + +Every 40-50% correction people panic to buy thinking what if it’s a bear market then I can buy way lower than that. These are the people who always ask for the **Dip Dip** but never bought the dip. When it's actually arrived. If you are here for long term every correction is a huge opportunity we were asking for when market was extreme greed. I don’t know if it’s a bear market or not but I know it’s a good opportunity to buy low. +# Got into stocks in Dec 2020 and have fell in love since, it's consumed me. I have more money than I've had in my life thanks to AMC. I have a good foundation of knowledge to build off of, but in no means do I consider myself proficient in fundamental/technical analysis. + +I have 8 months until I get out of the military and from there I want to hit the gates running, being a full time trader. I will primarily do scalping/swing trading. I also want to learn how to use Unusual Whales flow chart & play options using it. + +So, my question is, what should I do to become the best trader I can be over the next 8 months? + +&#x200B; + +Edit: Roensch Capital said, "If you treat being a trader the same as someone who is pursuing a PhD, the only thing standing in your way is yourself." + +He is absolutely correct, I feel those who don't believe in themselves are the ones who are projecting their insecurities on this post. I am putting all of my eggs in one basket & have no doubt that I can make trading my career. +I work for a provider of store brand credit cards (think Victoria's Secret, Banana Republic, etc.). The *average* time it takes a customer to pay off a *single* *purchase* is **six years**. And these are cards with an APR of 29.99% typically. +Cybersecurity is a critical component of financial security, but rarely discussed in personal finance circles. Note that cybersecurity practitioners disagree over best practices for personal cybersecurity. This is my perspective, as I have some expertise in the area. + +As a member of r/fatFIRE, you are a particularly juicy target for attackers, so this guide is written with the intent of preventing attacks from strangers and people you know. Obviously, more skilled attackers who are targeting you specifically will get you eventually, so we won’t cover that. + +Good cybersecurity protection consists of prevention, so you don’t get owned, and monitoring, so you know when you’re owned and can take action to remediate the damage. A common method for attacks is that a website’s database gets compromised and your information is stolen, which could be passwords or credit card info. This information is then used to harm you. You can check haveibeenpwned.com to see if your email is known to be compromised. You should move forward with the assumption that your information is out there, as that mindset will help you the most. + +**Passwords** + +One of the reasons email/password credentials are so valuable to attackers is that most people reuse the same passwords for everything. Ideally, getting my Reddit email/password combo would only allow someone to post a bad Fat Guide to r/fatFIRE, which would be a travesty but not disastrous. However, many people reuse passwords so stealing my reddit credentials would permit them to log into my bank account, email, etc. + +You should be using a unique, strong password for each site, but since that’s hard to remember, you should use a password manager like Lastpass. Using a password manager guarantees a unique, strong password for each site. The only passwords you should keep outside of Lastpass are your lastpass password, your email(s) password, and your computer password. You may ask what happens if Lastpass or other password managers are hacked. I won’t get into the technical details, but your information is generally safe even after breaches because the company doesn’t’ hold the encryption key to your data, you do (as your password). Security experts agree that using a password manager, even one with potential vulnerabilities, is generally safer than not using one. This is a bit of an oversimplification, but it's true. Use a password manager. + +**2 Factor Authentication** + +Obviously, two factor authentication improves your situation by preventing someone from compromising your account if they only get your username/password. However, traditional 2FA methods like email or text can be phished. There are many scams where someone calls you, pretending to be your bank, and then tells you to read them the number texted to you to “authenticate yourself.” Meanwhile, they login or reset your password with the code and clean you out. Another method, “SIM swapping,” which was recently used to steal Jack Dorsey’s (twitter CEO’s) twitter account, is where the hacker convinces your phone provider to switch your number to the attacker’s SIM card in their phone. You can’t defend against this, so phone 2FA is never perfectly safe. + +The solution? Security keys, such as Yubico’s Yubikeys or Google’s Titan keys. These are physical devices that provide a code, and can be used for 2FA on Google, Facebook, Vanguard, Reddit, Lastpass, and many more. Unfortunately, few commercial banks support security keys including Ally (please message their customer support about this, they need to support it). Security keys cannot be compromised outside of stealing the key as they require you to have physical possession of the device. Of course, you need two of them in case you lose one or it breaks, or else you’ll get locked out of your accounts. With premium Lastpass, you can use security keys to protect your Lastpass passwords as well. This is a great tactic. + +**Protecting Root** + +Getting “access to root” means you have access to everything. In this case, “root” is your email because you are generally able to reset your password on other accounts from your email (I suppose your phone or pc may be as well, more on that below). My recommendation in this case is to use Gmail with the advanced protection program (requires security keys). This will make it virtually impossible for anyone to access your account but you. However, if you lose both your keys you will have to wait a few days for Google to confirm who you are so you can get back in. One of the other advantages to using security keys is that “root” doesn’t really exist anymore on any account using them, as even if an attacker breaks into your email they can’t bypass security key 2FA for other accounts. + +My other recommendation is to use two emails, one which you use publicly and the other privately. Use the public one for whatever: social media accounts, receiving forwarded articles from your crazy grandpa, applying to jobs, etc. The private one should be used only for your financial accounts, such as banks, brokerages, and credit cards. You can also use this email for Lastpass. You should never provide this email to anyone, ever. This will make it very hard for someone, even someone who knows you, to guess what email you use for your finances. Ideally, you’d be using a separate computer, like a $200 chromebook, as the only computer/phone from which you access this email or financial accounts, but that’s pretty paranoid and not necessary. Both of these Gmail accounts should use unique, strong passwords you have memorized, and not be stored in a password manager, just in case. + +**Protecting Other Accounts** + +Protecting all other accounts is straightforward: use your password manager for a password and use 2FA (preferably with a security key) wherever possible. You never know which account will give an attacker the info they need to own you, which could be your address, phone number, etc. Imagine if your spouse or mom got a Facebook message from “you” saying you forgot your SSN and need it right away. Many accounts, particularly financial accounts, may contain tax forms with your social security number. Most people don’t realize their college account, which may have financial aid tax forms, may have this info. Protecting your SSN is really, really, hard, which leads us to… + +**Financial Information** + +Frankly, protecting your SSN today is basically impossible. If you used credit before the Equifax breach, your info is probably in the wild and could be used today or 50 years from now. If you have no immediate plans to use your credit, freeze it with every major bureau. Also, set up credit monitoring so you know if anyone opens an account in your name. Unfortunately, there is not much you can do to prevent your SSN being compromised. Your SSN is everywhere, from banks, to colleges, to your employer, to your doctors/accountants/lawyers office. It is a literal disaster that will hopefully be corrected, but probably won’t. + +Credit cards are equally challenging to protect (if not more so). You should use credit cards and not debit cards wherever possible, as it is unlikely you will successfully dispute debit card transactions. It is common for credit card info to be stolen via database hacks (do you really trust every vendor you use your card at?). Apps like Apple/Google Pay are actually even better as a result, as they use a one-time code for the transaction that cannot be used afterwards, so it doesn’t matter if they are stolen. Here, I will also note that while RFID-readers reading your credit card while you walk by on the sidewalk is technically possible, there has never been a documented case of it occurring and the RFID-blocking wallet is totally unnecessary as a result. + +A critical component is, again, monitoring. You can typically configure text alerts for every credit card transaction. I receive a text every time any of my cards are used. This helps identify fraudulent transactions in real-time. + +Lastly, it is often possible with banks to set up a challenge/response for phone calls. They might have to provide you a code to authenticate themselves as your bank, or they may ask you a security question/ask for a code to authenticate you. This is very helpful at stopping social engineers from stealing your info, either by pretending to be your bank calling you or pretending to be you calling your bank. Keep in mind, though, that many “security questions” are awful and can be found on your facebook. So pick a weird one, like “Who was your least favorite teacher in high school?” + +**General Device Security** + +Device security is really fraught and challenging. From a phone perspective, you should of course use some sort of authentication (such as fingerprint, passcode, pattern), on your phone and also on each of your financial apps, so stealing your unlocked phone doesn’t grant automatic access to financial accounts. Aim to only install apps from trusted sources, as multiple apps that have 10-100 million+ downloads have been demonstrated malicious. + +PCs are a little more challenging. Chromebooks are the safest PCs from a security perspective. If you ask me what the best antivirus is, it’s a chromebook. Seriously, if you’re going to get a laptop for anything but gaming or video editing, get a chromebook. Despite what many laymen say, Macs aren’t technically more secure than Windows, but attackers are less likely to target them because they are less common. As you do sketchier things on the internet, you are more likely to get owned. For example, regular browsing on trusted sites is typically safe. Going on adult or illegal streaming websites may have malicious pop-ups or ads. Torrenting is more dangerous, and the dark web can be extremely thorny. As a result, I strongly recommend that if you want to engage in unsafe behavior (i.e. torrenting) on the internet, at least keep a separate $200 Chromebook only for all your finances, and don’t access those accounts from any other device. No reason to lose tens or even hundreds of thousands of dollars because you didn’t want to spend $20 on a video game. + +As far as anti-virus goes (if you have to use something other than a Chromebook), Bitdefender is a pretty good bet, but there’s a lot of good software out there. Personally, I’d be wary of anything Russian or Chinese either as security software (Kaspersky) or as a device (Huawei). Chinese manufacturers are known to insert backdoors into their devices. In one particularly ironic instance, a chinese manufacturer perfectly copied an American device down to the typos in the manual, but their version had twice as many security vulnerabilities. This is one of the reasons letting Chinese manufacturers build 5G infrastructure in Europe is so worrisome. + +In a similar vein, public wifi is questionable. There are a lot of opportunities for attackers associated with public wifi networks. HTTPS stops many of these, but tools like sslstrip highlight some vulnerabilities. A VPN may be helpful, but most free VPNs are awful, so do as you will. + +**Summary** + +Someone before asked for a flowchart or something of the sort, so here is a concrete action plan: + +1. Get at least two security keys (i.e. Yubico) +2. Set up a public and private gmail account. Your private email should not be linked in ANY way to your public email and should be given to no one. +3. Turn on advanced protection on both gmail accounts and link to security keys +4. Get a password manager like Lastpass. If you get Lastpass premium (recommended), add your security keys for authentication. +5. Generate new passwords using your password manager for all accounts but your emails, pc password, and your password manager itself. +6. Associate any financial accounts, such as credit cards, banks, brokerages with your private email +7. Turn on 2FA (with the security keys wherever possible) on all accounts, as well as login alerts. +8. Turn on text/email alerts for any credit card charges or bank transactions, as well as credit changes. +9. Make sure your phone is locked by some authorization measure, as well as your financial apps individually. Preferably a password. Added bonus: cops can’t get a password but can force your fingerprint or face id, a current dispute in the courts. +10. Optionally freeze your credit. +11. Optionally get a cheap chromebook as the only computer on which you do financial transactions. +12. Optionally encrypt your phone and hard drives. + +Using a password manager with security keys wherever possible, and 2FA where not, as well as Gmail’s advanced protection program is your best bet for protection on the web. You should configure monitoring for your accounts, SSN, and credit cards so you are aware of when they are used in real-time. There is obviously a lot more that could be covered, but the goal of this guide is not necessarily to make you impervious to attack, but rather to make you a very hard target so attackers give up and ignore you. Frankly, nothing will destroy your financial situation faster than a hacker who cleans your clock. +hi, + +for what i know, in the past year there's been a loss in around 40 trillion of dollars from stock and bond markets. that, compared to the total losses of the GFC (for those who don't know that stands for Global Financial Crisis aka the financial crisis of 2007/08) which was about 2 trillion dollars in a one year period, that means now the situation it's about x20 worse? + +if inflation it's a big factor in this equation, and inflation it's only rising, where does that put us? + +the situation looks really bad already. **can anyone explain how that's possible, and if that means we'll end up in a depression by 2023?** + +thank you so much for your time and expertise, looking forward to learning something +My wife grew up in a family of six with a stay at home mom and money was always tight. Her family was able to get by but money was always tight, financial independence was never on their timeline. That isn't a bad thing, but it sets up the story to come. My mother in law now works part time but would rather be home most days, their youngest is 19yo now. They have a tight sense of family; 19yo, 22yo, and 27yo plus 27yo fiancé are all under one room with the inlaws. My wife is the only one who lives on her own, with me. + +I work for the feds and there is a excellent daycare, run by employees of my facility, on site where I work that is both very affordable and good for the kids who go there. Lots of activities, the teach the kids sign language, reading, etc. My wife is a healthcare professional who's starting income is about 160k/year and she's planning on going back to work next week. To help with her schedule and my schedule, we were planning on putting our kids in day care (under 2yo) for TWO days a week, 5hrs a day. Nothing crazy. Our goal is to pay off our house in the next year and a half before the 3rd kid comes. Great. + +Fast forward to last night, my wife is talking to her parents about the situation and the day care idea comes up. My wife explains our situation about wanting to pay off the house and her parents lay into her about being selfish and ridiculous. "Why can't you be normal and raise your kids the way we did?!" "Everybody pays their house off in 30 years, why do you have to do it differently?" "Why do you have to do this to our grandchildren?" I could continue but you see the point. + +Suffice to say, your business is your business. Her parents are upset with us now and, to be completely honest, my wife is equally upset with them. Another reason to keep your plans to yourself and just run the course. +People in these subs seem very sure it'll go back up because history trend says so, and history Will repeat itself. But the what ifs always comes up in my mind, like what if it'll go back up but not as high as before. That's what prevent me from DCAing, I already invested 1/3 of my savings which is 10k. It's risky to put more money into it. The safer alternative is to put another 1/3 in CDs... +Edit: Yes, I actually know why. What I don't know is what the employer thinks they are accomplishing, whether it works and, if it does, how are they getting away with it and whether they think that *we* don't know. + +In other jurisdictions in the world there are employment laws that prohibit an employer from telling you to keep your salary information secret. + +Do you discuss your salary information with people inside or outside your organisation? Why or why not? +I've seen a lot of posts asking if there's still fuel in the rocket, the good buy in price, how long it will moon etc etc. + +If you haven't, please read my DD post on brainchip. + +The deals predicted there are starting to come through. With each new partnership we are seeing a 20c increase, and even on no new announcements in the last dew days, the share price is increasing dramatically. + +When we get the announcement that the chip is working (this week in my opinion), the stock price is going to hit $1. +After that, as announcements, partnerships, and orders come through, we will see this stock price reach rediculous heights. + +Genuinely I believe $10 by next Christmas, however I though originally $1 by THIS Christmas, and that's definitely going to get blown out the water. + +The potential of BRN is quite literslly limitless. + +So, when to sell? + +At least 12 months time. You guys have to diamond hands this shit like nothing before. Because it WILL keep rising, and you WILL lose out on profits. + +To those who already sold, have a serious think about buying back in. + +For everyone else, hold 12 months, not only for the 50% off at tax time, but to see the unbelievable potential of this company. + +May our lord and saviour Peter rain tendies upon thee. +Here is a beautifully written DD going over Dr. T's comments: https://www.reddit.com/r/Superstonk/comments/pn1od0/calling_american_apes_to_action_this_is_our_best/?utm_source=reddit&utm_medium=usertext&utm_name=Superstonk&utm_content=t1_hcyi5fx + +We have the power to launch this rocket ourselves!!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: This requires your action mods, the jungle have done a great job of this so far and I feel we're lagging behind!!!!!! +Not trolling, looking for an honest discussion as I own a LOT of ETF's. It is a CNBC article however I am not going to link to it and have my post taken down by some stupid bot by accident. + +Everything I have read is the best long term approach to investing is low cost index funds. The easiest way I do that is with ETF's. + +My own (limited) argument against his statement is that, this is the new norm for lots of people. I am not sure how he is judging his metrics, but I think there is going to be more volume in ETF's overall compared to 20 years ago when ETF's weren't even a thing. + +Also, I believe that people give a survivorship bias to someone who was correct in the past not only in investing but all aspects of society. Think of how many spam articles are on websites that say "Man who predicted this says the next big thing is this" + +He spotted trouble years, made a crazy bet (at the time) and came out on top. However that does not necessarily mean he is right this time, nor should his opinion somehow be elevated among the field. + +What are you thoughts? +Before you start reading on the main topic, i would like to make an analogy. + +The reason World War I started is extensively credited to the assassination of Archduke Franz Ferdinand. + +Its assassination is considered the fuse that would light the fire that would culminate in World War I. + +Europe had many problems between it's nations before the assassination, things weren't going well diplomatically and there was a huge pressure on aliances systems and so on, it was just waiting to happen and the murder of the archduke just made it possible. + +Having that in mind: + +The coronavirus was just the fuse that would light the fire to the recession. + +Relevant things that were happening before the coronavirus: + +1. Corporate profits were already in a recession. +2. Huge piles of corporate debt, we are at the end of a credit cycle, meaning people and corporation will have to spend less to cut back on debt. +3. The P/E ratio of the S&P 500, for example, had valuations comparable to previous markets just before the crash, like 2000 and 2008. +4. The Fed already wasted almost all of it’s ammo, reducing it’s ability to keep the economy going, the stock market has been relying for years on the Fed to keep the party going, now that they realize they are on their own, investors could finally realize every price is pretty much inflated. +5. Even though interest rates are historically low, the inflation rate is low, even with a low unemployment rate. This definitely means there is some core problems with the economy since it is a clear show of how much pressure the Fed, consumers and the producers are putting to stimulate growth but it’s still lackluster and clearly show signs of contraction. +6. Millennials and Generation Z are becoming more important every year for the economy. They are probably the most indebted populations there are, reducing their ability to consume, work and to defend themselves against a recession. +7. Even though we have unemployment at record lows, Americans suffer from low wages, almost no working rights, and low capabilities to consume since household debt is at record highs (can’t stimulate growth in the economy if all the households are using their paychecks is just to stay afloat and live up to the next paycheck, leaving little room to actually consume). + +So, you have that in mind, and also a Bull Market that has been going since 2009, for 10 years, when the average is 8. + +So, if it wasn’t coronavirus it would be something’s else, but let’s examine it’s economic impact. + +1. The virus will cause a huge supply shock because of low volume of commerce since China is basically on quarantine and the world depends on China to many of it’s goods. +2. On the side of the consumers, you can cut rates as much as you want, but a huge household debt won’t disappear out of nowhere in these lackluster wages workers are given, have that in mind, the virus is another incentive to consume even less. +3. These halts on supply on demand can cause huge problems on corporations that today are up to their eyeballs in debt, failing to pay short term debts, causing a huge death spiral. +4. The outbreak is not even a it’s peak and already caused a huge economic impact that will only get worse. +5. You can't compare virus outbreaks to previous outbreaks. Because the variable (the virus itself) is completely different from previus outbreaks. People keep comparing this COVID-19 with the SARS in 2003 and they compare how the market reacts back then and think things are going fine. In 2003 the world was much less dependent on China commerce, the Stock Market was just beginning it's Bull Market that would end in 2008. Today we are on all time highs and very much depend on China for global commerce, this virus is much more capable of infection than SARS were, meaning it's economic impact is far greater than any outbreak there. + +So yeah, I don’t see the next month with good eyes. + +Also, one last thing to make things clear: + +You don’t do a emergency cut of 50 bps on a national interest rates if you think the economy is strong and have good foundations, you do it because shit is going down fast and the gears of the economy are starting to break down even faster and you are trying to keep it going by cutting the rates. + +&#x200B; + +Edit: grammar +I am so happy and don't really have many people to share in my excitement. I'm making $21,000 before taxes currently and it's been hard making ends meet. With this new job, my salary is going up to $36,000! I am currently facing an impending separation and divorce and this new job will allow me to provide for my daughter on my own. I will miss my current workplace and job but am so happy I decided to not be complacent with my career goals. I CAN FINALLY START PAYING OFF MY STUDENT LOANS!! + +Edit: wow, thank you for all of your well wishes! I appreciate every single one of them! Just to clarify since I've read some questions and concerns: I'm not planning on a lifestyle creep! I am planning on finally setting up a wifi connection in my house, though. It would also be nice to build savings up to be able to do some outside projects for my house, like building a garage or paving the driveway. As it stands now I am living paycheck to paycheck, so while I'm hoping to save at least 10% per pay period with this new job, I realize things will still be a little tight with me doing things on my own. I will still live for thrift stores, couponing, and weekly sales ;) My current job now is as a 1-1 aide for a behavioral elementary school. My new job will be as a case manager for a mental health agency, helping adults secure things like government benefits, housing, etc. I would like to go back to get my Master's degree in a couple of years to become a social worker. I know non profits aren't the way to make a whole lot of money, but being able to make a difference is something that's very important to me. +So if I actually WANT to buy and hold 100 shares of SPY, and it’s trading at $380, instead of putting in a buy order at $379 and waiting for it to drop a bit, I can sell a put at $379 and get paid for my order instead? Not only that but I can sell a put that expires like 2 years in the future and get a couple of grand for it? Am I missing something? Why would I ever try to just buy a stock with a limit order ever again? + +I mean, if I want 100 shares of course. +there are many back tests and theory crafting about how buy and hold beats active trading. if that's true, then wouldn't buying 0.8 delta leaps be the solution to beat buy and hold?? + +example: spy is around 420. buy 2 340c dec 23 leaps for 10k each. save 22k for selling naked puts on SPY, and the rare chance when market tanks and you need to roll out the calls. you just got yourself a DIY 2x spy etf plus income out of selling puts + +edit: alot of comments point out about getting wipe out when a crash happens, the leaps would be gone. I would like to point out if you're not buying 100 shares as per above example, you have many ways to manage due to having free cash and cash flow via selling naked puts. the extrinsic value paid could've gain back via premium received from the naked put + +when market crash happens and IV shoots thru the roof, don't forget your leaps would worth quite a bit of money as well. some of us would've experienced it during March 2020. it would take patience and bravery to ride through the crash, but it can be done especially if you have cash reserves like above example + +the point of this post is that many are too fixated about not beating the index long term. personally I don't think it's a monumental task given the tools available on the cheap (leverage, free resources, low/no commissions, etc). one would need properly executed plan and proper risk management and competing index performance should be doable +As you can see in this post they officially say that information about share recall on the 20th will be sent out to shareholders on the 15th. So DFV and his tweets about the 20th seem to become once more reality. Feels like last desperate attack from our Hedgeclowns☝️👍🦍 + +https://www.reddit.com/r/Superstonk/comments/mpduvh/i_know_we_dont_do_dates_but_i_have_a_feeling_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Are you buying a house in the middle of nowhere Arkansas? Are you buying a house in Detroit? Jackson Mississippi? The middle of the desert in Nevada? + +I know it’s a weird question but it had me curios. Curios where it would be hardest to sell a house at. +I'm in an awesome position and I really don't envy people buying houses now , but I've managed to put everything I have into paying off my mortgage all while only just making it to earning 78k this year. + +Now for a brief timeline .. + +2009 - purchased land at 10% deposit on a $105,000 block of land in Melb Outer West . Current job was permanent part time making under $20k per year pre tax , got a new full time job at 31k per year + +2010 - starting house building construction loan 5% deposit on a $189k house price , extra fees etc are about $25k to make loan total around $320k , pay rise to about 41k. + +2015 - bought a new car with extra mortgage payments sitting in redraw $16k , then husband needs a car after his was totaled in an accident - request to add more onto the loan + $11k , payrises inbetween now small an incremental. + +2017 - left job location/ type but stayed in same company - payrises denied because it "was tied to my job title" and not actual work output or knowledge. + +2018 - find out about amortization schedules and crunch numbers to see how quickly I can pay off house - estimated 6 years + +2019 - had a epiphany I didn't like my job and I could get long service leave payout to put on the mortgage , new job a little higher at $65k + +2020 - pandemic so no travelling or much spending + +2021 - payrise to 70k + +2022 - payrise to 78k , pay off mortgage + +I was also helped by a partner but I did pay most of the extra payments. It might not help people in the current situation; it did seem daunting for me but the pay off will now be worth it. + +I don't plan on moving or buying an investment property - onto ETFs for us now. + +Thanks for reading! + Copied from Redditor a1988eli - this is post is a few years old now but by far the best I found on the topic + +"I can answer this one. For some reason, I attract these people into my life. I don't do anything super extraordinary. I am not famous. But I count many peoplewith ultra high net wealth among my close friends and I have spent more time than even I can believe with 8 different billionaires. This is not just meet-and-greet time. This is small group and even one-to-one time. I dated the daughter of one billionaire several decades ago. So I have gotten a peek into this life. + +Let's get one thing out of the way. There are gradations of rich. I see four major breaking points: + +Worth $10mm-$30mm liquid (exclusive of value of primary residence). At this level, your needs are met. You can live very comfortably at a 4-star/5-star level. You can book a $2000 suite for a special occassion. You can fly first class internationally (sometimes). You have a very nice house, you can afford any healthcare you need, no emergency financial situation can destroy your life. But you are not "rich" in the way that money doesn't matter. You still have to be prudent and careful with most decisions unless you are on the upper end of this scale, where you truly are becoming insulated from personal financial stress. (Business stress exists at all levels). The banking world still doesn't classify you as 'ultra high net worth' + +Net worth of $30mm-$100mm + +At this point, you start playing with the big boys. You can fly private (though you normally charter a flight or own a jet fractionally through Net Jets or the like), You stay at 5 star hotels, you have multiple residences, you vacation in prime time (you rent a ski-in, ski-out villa in Aspen for Christmas week or go to Monaco for the grand Prix, or Canne for the Film Festival--for what its worth, rent on these places can run $5k-20k+ per NIGHT.), you run or have a ontrolling interest in a big company, you socialize with Conressmen, Senators and community leaders, and you are an extremely well respected member in any community outside the world's great cities. (In Beverly Hills, you are a minor player at $80 million. Unless you really throw your weight around and pay out the nose, you might not get a table at the city's hottest restaurant). You can buy any car you want. You have personal assistants and are starting to have 'people' that others have to talk to to get to you. You can travel ANYWHERE in any style. You can buy pretty much anything that normal people think of as 'rich people stuff' + +$100mm-$1billion + +I know its a wide range, but life doesn't change much when you go from being worth $200mm-$900mm. At this point, you have a private jet, multiple residences with staff, elite cars at each residence, ownership or significant control over a business/entity that most of the public has heard of, if its your thing, you can socialize with movie stars/politicians/rock stars/corporate elite/aristocracy. You might not get invite to every party, but you can go pretty much everywhere you want. You definitely have 'people' and staff. The world is full of 'yes men'. Your ability to buy things becomes an art. One of your vacation home may be a 5 bedroom villa on acreage in Cabo, but that's not impressive. You own a private island? Starting to be cool, but it depends on the island. You just had dinner with Senator X and Governor Y at your home? Cool. But your billionaire friend just had dinner with the President. You have a new Ferrari? Your friend thinks their handling sucks and has a classic, only-five-exist-in-the-world-type of car. Did I mention women? Because at this level, they are all over the place. Every event, most parties. The polo club. Ultra-hot, world class, smart women. Power and money are an aphrodisiac and you have it in spades. Anything thing you want from women at this point you will find a willing and beautiful partner. You might not emotionally connect, but damn, she's hot. One thing that gets rare at this level? friends and family that love you for who you are. They exist, but it is pretty damn hard to know which ones they are. + +$1billion + +I am going to exclude the $10b+ crowd, because they live a head-of-state life. But at $1b, life changes. You can buy anything. ANYTHING. In broad terms, this is what you can buy: + +Access. You now can just ask your staff to contact anyone and you will get a call back. I have seen this first hand and it is mind-blowing the level of access and respect $1 billion+ gets you. In this case, I wanted to speak with a very well-known billionaire businessman (call him billionaire #1 for a project that interested billionaire #2. I mentioned that it would be good to talk to billionaire #1 and B2 told me that he didn't know him. But he called his assistant in. "Get me the xxxgolf club directory. Call B1 at home and tell him I want to talk to him." Within 60 minutes, we had a call back. I was in B1's home talking to him the next day. B2's opinion commanded that kind of respect from a peer. Mind blowing. The same is true with access to almost any Senator/Governor of a billionaires party (because in most cases, he is a significant donor). You meet on an occassional basis with heads-of-state and have real conversations with them. Which leads to + +Influence. Yes, you can buy influence. As a billionaire, you have manyways to shape public policy and the public debate, and you use them. This is not in any evil way. the ones I know are passionate about ideas and are trying to do what they feel is best (just like you would). But they just had an hour with the Governor privately, or with the Secretary of Health, or the buy ads or lobbyists. The amount of influence you have can be heady. + +Time. Yes, you can buy time. You literally never wait for anything. Travel? you fly private. Show up at the airport, sit down in the plane and the door closes and you take off in 2 minutes, and fly directly to where you are going. The plane waits for you. If you decide you want to leave at anytime, you drive (or take a helicopter to the airport and you leave. The pilots and stewardess are your employees. They do what you tell them to do. Dinner? Your driver drops you off at the front door and waits a few blocks away for however long you need. The best table is waiting for you. The celebrity chef has prepared a meal for you (because you give him so much catering business he wants you VERY happy) and he ensures service is impeccable. Golf? Your club is so exclusive there is always a tee time and no wait. Going to the Superbowl or Grammy's? You are whisked behind velvet ropes and escorted past any/all lines to the best seats in the house. + +Experiences. Dream of it and you can have it. Want to play tennis with Pete Sampras (not him in particular, but that type of star)? Call his people. For a donation of $100k+ to his charity, you could probably play a match with him. Like Blink182? There is a price where they would simply come play at your private party. Love art? Your people could arrange for the curator of the Louvre to show you around and even show you masterpieces that have not been exhibited in years. Love Nascar? How about racing the top driver on a closed track? Love science? Have a dinner with Bill Nye and Neil dGT. Love politics? have Hillary Clinton come speak at a dinner for you and your friends, just pay her speaking fee. Your mind is the only limit to what is available. Because donations/fees get you anyone. + +The same is true with stuff. You like pianos? How about owning one Mozart used to compose music on? This is the type of stuff you can do. + +IMPACT. Your money can literally change the world and change lives. It is almost too much of a burden to think about. Clean water for a whole village forever? chump change. A dying child need a transplant? Hell...you could just build and fund a hospital and do it for a region. + +RESPECT. The respect you get at this level is just over-the-top. You are THE MAN in almost every circle. Governors look up to you. Fortune 500 CEOs look up to you. Presidents and Kings look at you as a peer. + +PERSPECTIVE. The wealthiest person I have spent time with makes about $400mm/year. i couldn't get my mind around that until I did this: OK--let's compare it with someone who makes $40,000/year. It is 10,000x more. Now let's look at prices the way he might. A new Lambo--$235,000 becaome $23.50. First class ticket internationally? $10,000 becomes $1. A full time executive level helper? $8,000/month becomes $0.80/month. A $10mm piece of art you love? $1000. Expensive, so you have to plan a bit. A suite at the best hotel in NYC $10,000/night is $1/night. A $50million home in the Hamptons? $5,000. There is literally nothing you can't buy except. + +Love. Sorry to sound so trite, but it is nearly impossible to have a normal emotional relationship at this level. It is hard to sacrifice for another person when you are never asked to sacrifice ANYTHING. Money can solve all problems for someone, so you offer it, because there is so much else to do. Your time is SOOOO valuable that you ration it. And that makes you lose connections with people. + +Anyway, that is a really long answer, but I have a very unique perspective because I have seen behind the curtain of the great and mighty OZ. just wanted to share + +EDIT: Wow! An unbelievable response to this (8x gold and 6000 upvotes. OMG) Thank you for all the comments and PMs. I am working 14 hour days right now, so I can't answer most, but to answer the most common PMs: + +Seeing all of this doesn't make me want to get into the top tier. Different lives have the same emotional degree of difficulty: I met Sylvester Stallone at a party a few months back for the first time. Great guy. Has a beautiful, smart wife and a great career. He had a special needs son who died young. Nobody has it all. Nobody." +I am 42, single, and thinking about RE as I’m financially ready. Have noticed that most of the posts around RE are from married people. Just wondering if there’s anybody who is single and a little bit older like me that has retired early, or even knows someone who has. What is it like in general, and also in the dating world, as a single early retiree? I currently have a job that’s fairly high status and I’ve noticed that helps with dating (I’m divorced but with no kids), and I wonder what it would be like to tell someone I’m retired early. I would still do investing so I could say I was an investor, but I don’t think it’s quite the same. I also wonder if retiring early when single puts you more at risk of depression etc. + +Would like to add that I don’t like being single and struggle pretty hard with loneliness. Getting a dog helped but I would like to be married, have kids, etc. I think if I RE’d I’d move closer to family which might help. + +Would love everyone’s thoughts! +What are some of the polite ways you guys answer this question without “aww I can’t really say”? Just lie? Say some low number? Had a buddy ask who makes around $5k a month and, the question already being awkward, is even more awkward when they know I make way more and just lie. So what’s the best approach here without giving away anything substantial or coming across like a total douche? +I was just curious about a hypothetical, I hope that's ok for this sub. + +What would happen if every company in America just decided one day that they wouldn't pay any worker more than minimum wage? + +Are there any sort of market mechanics that would prevent this from happening? And in the event that it did happen, would any market mechanics disrupt those circumstances? + +Is there anything stopping companies from coordinating wages (besides laws) so that quitting your job for a better company isn't an option? +I was a religious thetagang member since July 2020 , but got lured to /wsb last month and literally lost all my hard work and profits earned in the last 8 months, along with minus 20% from my capital. + +My capital journey + +Started in July with 100K -> went to 117K -> then went back to 93K(Lost 24K in Sep crash) -> 123K(Recovered well in 3 months) -> Fall in WSB bullshit GME short squeeze thing -> Lost 44K -> Back to $79K. + +Check my thetagang performance - [https://thetagang.com/sonusood](https://thetagang.com/sonusood) + +Capital preservation is the main thing for the retailer traders. But I broke my own rule. Just do not want to get into depression. I was in depression for a year or so in the past. + +&#x200B; + +I hope this gives a lesson to other members. +We've likely all been taught, or have read, that when a strategy's alpha looks too good to be true, it probably is. We've likely all also coded strategies that have excess returns that the best hedge funds would die for, and it's a matter of time until we find the bug that caused the excess returns or would destroy the strategy in real world deployment. + +In cases where you are unsure what's "wrong", what are some of the first things you look at for sanity checking/debugging? +I am dictating this on my phone as I drive home, so please excuse any weird burbage. + +Even though you happen to watch the movie about 2008, Dr Burry is not your friend. Just because he happened to capitalize off of the stupidity of others in his field, he is still very much a part of that industry. Remember that in the wild a shark will have no problems eating another shark. + +Any sort of significant disruption that GameStop may cause could at least indirectly harm his bottom line. Recognizing this you understand that he is probably not a fan of our cause. + +He may be motivated to discourage us from our Buy and Hodl directive. Keep that in mind as you read his tweets before he deletes them. + +Please stop with the baseless idolization of people even remotely involved with this. It is not healthy for you, and you may find yourself disappointed when they turn out to be not what you thought they were. +**An $18MM options trade hit the books at $11:17 EDT**, which is likely why there was a massive volume candle and near zero movement initially. + +**Here's the trade at 11:17:40am EDT:** + +* 2,500 21-Jan-22 $220 Puts for a notional value of $12,375,000 when GME was at $193.15 +* 2,500 21-Jan-22 $220 Calls for a notional value of $5,587,500 when GME was at $193.15 + +This was executed as a floor trade. For context, this is **17 times larger** than any other trade that's hit the tape today. The last time we saw a trade of this magnitude was October 18th, which I write about [here in a DD](https://www.reddit.com/r/Superstonk/comments/qjsxpx/the_ever_given_perspective_how_gme_is_trading_in/). I also talk about today's objective being to look for a sizable trade given where we were in the channel. + +**This trade is called a straddle.** It is an options strategy that is designed by buying puts and calls at the same strike and expiration date at the same time. This trade is designed in anticipation of a **significant move (up or down)** as the trade is profitable when it moves more than the premium paid. The put buy is more costly because it's in-the-money (for now). + +Here's a visual from the folks over at Investo-pedia to see what the trader might be thinking: + +https://preview.redd.it/if1t3gjxa0x71.png?width=3274&format=png&auto=webp&s=cdf11f5aaa021e56a69f4b9f8572e9eb0f68bd57 + +As you can see, someone with a massive amount of money thinks GME is about to do something significant. + +**You're going to want to buckle up.** + +Edit 1: formatting + +Edit 2: Wow, not early or wrong! +Post all BRN related posts, memes, news and commentary here until 11:59PM Eastern Time. + +All other posts will be deleted. + +Yes, ban stuff will be tamped down after this. +Short story, but I’m a broke college kid who can’t get enough hours at my work. I had a lot of debt from moving out and other things that came up unexpectedly. I had always donated my blood for free, but went to a place where they buy plasma. I found out my rare blood type (AB+) was worth a $100 a visit (get paid in gift cards). This little extra income every week has helped me tremendously financially and I suggest if you are in debt or just want extra income, find out what blood type you have and look into how much people will pay you for it. + +Edit 1: Some plasma places will ask you to prove your blood type. I used information from the centers I had donated at before (online profile). Can also get info from your doctor I’m sure. + +Edit 2: Sorry I misspoke. My blood type made it so they would take me, not give me more money than other donors. They give everyone a $100. But they were only taking new donors with AB+/- blood. +I posted this on our sub-reddit, but I want to re-post it to this sub too - because it applies in every way to Superstonk. Everything I say below is meant for this community too, because I wouldn't have found the support that I have without you. Some people on this sub have pointed out that I've been more publicly aggressive over the past couple of months and have wondered if it has to do with the support of the community - unequivocally the answer is yes. I am energized and excited, and here is how I'm feeling right now: + +&#x200B; + +I want to take a minute and thank everyone on this sub-reddit, and everyone who has supported us in general. This year has really been an amazing one. I could never have possibly imagined coming into 2021 that this is where it would end. The last couple of years have been hard ones, and the last couple of decades have been hard for many as well. The current power structures are incredibly corrupt, and the level of inequality is simply disgusting. + +I am an eternal (some would say naive) optimist. I still believe in taking on corruption and inequality, and I still believe that grassroots efforts can effect that change. I've been fighting for more fair, transparent, liquid, efficient markets for 10 years now. And I have continued that fight despite setbacks of all kinds. To have the support of all of you, and to be entering 2022 fighting this fight WITH you is one of the most exciting developments of my career. + +I can't thank you enough. + +2022 is shaping up to be a pivotal year in market structure. We will see some of the biggest incumbents challenged in many ways, which will hopefully include the elimination of PFOF and off-exchange trading without material price improvement. These firms make billions of dollars a year, and the executives in charge make HUGE bonuses. It will not be easy or quick to take on these powerful firms, especially when they claim to represent retail. + +I hope we can completely change that narrative. I hope we can enable and empower RETAIL to represent RETAIL. And I hope that our team at The Terminal can help to organize and strengthen those efforts. I've never been as optimistic at the possibility of changing the system as I am TODAY! + +I believe in leveling the playing field - getting retail investors access to the same high quality data and tools that the professionals have. + +I believe in truly democratizing information, data and access - not turning retail into a product to be sold to high-speed speculators. + +I believe that you can align incentives so that everyone wins, while taking on the biggest and most powerful incumbents on Wall St. + +I believe we can change the system when we work together, point out corruption, and build a movement so big, it cannot be ignored! + +I believe that business-as-usual in financial regulation needs to END. + +Corporate concentration of power needs to END. + +Incumbents charging undue rents and stifling competition needs to END. + +I'm FIRED UP right now, and ready to take on the system. I'm FIRED UP because of all of you! You've done this, you've organized, you've decided ENOUGH IS ENOUGH, and I'm thrilled to be in the fight with you. + +Thank you. +Baidu, Bilibili, Baozun, Foresight Autonomous, GSX Techedu, GW Pharma, JDcom, Jumia Tech, NIO Inc., NIU Tech, Pinduoduo, Qudian, Teva Pharma, Talend, Tencent Music, Trivago, Taiwan Semi (TSM). + +I believe there are more as well but, 212 has been shit about informing people +I've got three tax-free investment accounts that I plan to top up on 6th April: + +1) 20K in my S&S ISA +2) 9K x 2 for my kids S&S Junior ISA's +3) £2880 x 2 for my kids Junior SIPP's (and will then wait for the top-up for £3600 before investing to save on transaction costs) + +I am sure there are many of you already planning what to do for scenario 1), and probably a few of you also thinking about 2) and maybe even 3) as well. It would be great to hear ideas from everybody else about their plans and your approach/risk appetite for your tax-free accounts. + +I currently have £300K in my S&S ISA but it is very top heavy on individual stocks with over a third invested in one AIM stock, with only £70K of the £300K total invested in funds (LS100 and VVXAF). I would like to invest £20K into a fund, but I am not sure right now whether to go 'safety first' with LS100 (or similar less-UK bias global tracker) or whether to go for a more expensive active fund. + +I am very interested in what approach people are taking for their kids accounts. My children are 1 and 4. So far I have only ever invested in Vanguard All-cap global tracker for each of them, and it has done very well with both of them enjoying approx. 25% returns each. But I have also been reading advice from some parents who have adopted a far more aggressive investing approach for their kids that has handsomely paid off (one guy on here was telling me he made huge gains for their kid in ARGO, which is fantastic). Again I would love to her your ideas and individual investing approaches for your kids tax-free accounts. +Since I'm selling my biz, I am about to no longer have a monthly income since Im technically unemployed. + +My biggest goals are to + +1. Never in my life have to go back to a 9-5 job working for somebody else +2. Start a new tech business (big or small, idk yet) + +I'm thinking of investing my money somewhere where I can get $90K+/yr for me to live off while I look for a new tech startup idea, which might take 1-2 years. + +**Any ideas of low risk investment vehicles or side hustles that require no more than 8 hours per week of my time where I could invest $1.2M pre-tax and get 9%+ annual net return?** + +I can't spend more than 8 hours per week on this side hustle as my time will be taken up by looking for my next tech business. + +I have seen some tik toks about people buying small buildings in the midwest and renting them out and getting 20% ROI but I'm a bit skeptical but I dont know any better. High preference on low risk. Thanks! +I’ve just had my Performance Review for this year and have been left feeling a bit miffed having got a good score but no increase to pay. I feel with the cost of living going up this needs to be reflected in wages. What’s your thoughts? + I am not YOUR lawyer. And this is not legal advice. This is landlord advice. + +&#x200B; + +I know many landlords are frustrated with non-paying tenants who could pay but are using the COVID moratorium as an excuse. This is not for tenants who truly have no money and can't pay. But for those who are working, have money but don't want to pay, this tactic can be highly effective. And it gives the LL something they can do rather than just be told that you can't evict. + +Sue them in small claims for breach of contract. State a simple claim for breach of contract: + + +I know from experience that this actually works. Tenants sitting in units paying nothing think that they don't have to pay due to the eviction moratorium. This wakes them up and makes them see that they will owe a judgment at some point. If they are working, you can take the judgement and possibly garnish their wages. You should know where they are working from your screening documents. + + +I had one tenant leave within weeks and they even found some CARES Act funding paid through a local tenant's organization directly to my account. +You can hire an attorney to do this claim or do it yourself. If you can type and think and read and write you can do it yourself. You plead something like: +1. They signed a contract attached as Ex. A. (Lease). + +2. They agree to pay x amount every month. + +3. To date, they have not paid these months and now owe XXX amount. + +4. This suit claims all future amounts not paid in breach of the contract. + +5. This suit claims any future or present damage to the unit which has not yet been determined. + +6. This suit claims all legal fees and costs for filing and pursuing this action. + + +Now I know some will say that their tenants don't care about a judgment. That may be true. But for tenants who do care or have a credit rating or don't want a judgment against them this can be a game changer. It may even encourage some tenants to leave since they can see they are just running up a larger bill. You may also be able to negotiate an exit with the judgment. +I recently came to the realization that outside of profit-related ways to spend my time, I don't really have any hobbies to enjoy with my free time. I'm curious what yours are! +All- creating an all Encompassing list of monthly payers and will place a sheet for all somewhere for all to access. +Feel free to add +I will perform a quality check on the ticker and check for the monthly status. + +I know some people don’t care if it’s monthly because in the end the yield matters—- but I still like the notifications- you been paid + + +O +OXLC +AGNC +EPR +GWRS +STAG +ARR +PSEC +How many of you park your savings in Bank Fixed Deposits (FDs) here in India? + +If the CPI Inflation remains as high as in August, you stand to lose money in FDs, after adjusting to inflation! + +The latest FD Rate of State Bank of India is 4.90% (1-2 years) (5.40% for 5-10 years), while CPI Inflation for August 2020 is 𝟲.𝟲𝟵%. + +The question is: there any 'relatively safe' debt instruments which can beat this inflation rate? + +By 'relatively safe', I mean debt instruments - + +* With stable interest rates throughout the investment duration +* Unlisted, and not having any direct, visible impact of market fluctuations +* Are either government-backed or bank-issued (with DICGC protection) +* Issued by institutions with at least 5-year track record + +The following are the 𝘁𝗼𝗽-𝟳 'debt instruments that tick all the above boxes! ✅ + +1. Post Office Time Deposit (RoI = 6.70% pa) +2. National Savings Certificate (RoI = 6.80% pa) +3. Kisan Vikas Patra (RoI = 6.90% pa) +4. FDs of IndusInd Bank and SBM Bank (State Bank of Mauritius) (RoI = 7.00% pa) +5. Public Provident Fund (RoI = 7.10% pa) +6. Senior Citizens Saving Scheme (RoI = 7.40% pa) +7. Sukanya Samriddhi Account (RoI = 7.60% pa) + +*Note: FDs from small finance banks do not fulfil the track record requirement of 5-years, and are excluded from the list.* + +𝘋𝘪𝘴𝘤𝘭𝘢𝘪𝘮𝘦𝘳: 𝘛𝘩𝘪𝘴 𝘱𝘰𝘴𝘵 𝘪𝘴 𝘯𝘰𝘵 𝘮𝘦𝘢𝘯𝘵 𝘵𝘰 𝘣𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘐𝘵 𝘪𝘴 𝘰𝘯𝘭𝘺 𝘧𝘰𝘳 𝘨𝘦𝘯𝘦𝘳𝘢𝘭 𝘢𝘸𝘢𝘳𝘦𝘯𝘦𝘴𝘴. 𝘗𝘭𝘦𝘢𝘴𝘦 𝘪𝘯𝘷𝘦𝘴𝘵 𝘸𝘪𝘵𝘩 𝘥𝘶𝘦 𝘥𝘪𝘴𝘤𝘳𝘦𝘵𝘪𝘰𝘯 𝘸𝘪𝘵𝘩 𝘢𝘥𝘷𝘪𝘤𝘦 𝘧𝘳𝘰𝘮 𝘢 𝘲𝘶𝘢𝘭𝘪𝘧𝘪𝘦𝘥 𝘢𝘥𝘷𝘪𝘴𝘰𝘳/𝘊𝘍𝘗. +I'm looking at the big players and small players, silicon valley and traditional. I'd like to know what smart money did with their money that wasn't so smart and now in the current interest rate environment, we realize wasn't smart +Edit: RIParoni. I'm currently rethinking this. You will notice that bursts almost always happen on wednesdays. I still believe there is a pattern and we should be able to pin down a date for another gamma burst. + +I know, I know. Dates. Whatever. [Stay with me for a moment please.](https://www.youtube.com/watch?v=OuP2dOxhELQ) I have high confidence that we are going to see a repeat of February 24th, and the MOASS will start tomorrow. If not - that's ok. You can at least feel like a kid on Christmas Eve. + +I'm going to be watching about 2 hours before market close. That's around the time February 24 spike ignited. + +&#x200B; + +**Edit: It has come to my attention by /u/yelyah2 that not all of these options were available in 2020. And that my date of Jan 22 should be Jan 15. The january data is hard to work with because we had massive retail buy pressure, and the Elon Musk tweet, resulting in a skewed result compared to February 24 and March 10. January realistically should have ended in the $80s range I think, based on where the stock has trended until now. However, the pattern still stands in my eyes. It could be that Jan, Feb, and Mar spikes were caused by new shorters entering due to Citron and +that the original shorters (Melvin, Citadel, Point72) piled into April 16, 2021 because that was the LATEST option of 2021 offered. Meaning that the boom tomorrow (if it happens) will be INSANE.** + +A LOT of information has been pouring out since Friday. A few theories I've seen are a bit Qanon and wild. Let's not overthink things. I want you to take a step back and look at four dates: + +**January 22, 2021** + +**February 19, 2021** + +**March 5, 2021** + +**April 16, 2021** + +&#x200B; + +Now - what is so special about these dates? These are dates in which options have already expired this year. The important thing to note is that **these options were the only ones available to open between January and April in early 2020 which expire in the year 2021**. (See edit) + +Let's say you're a hedge fund and it's March of 2020. You think Gamestop is going to go under. In fact, you believe it will go bankrupt by **April 16, 2021**. Why? That's the closest date following **earnings** and **bond maturity**. COVID had just hit and in your head it's a done deal that they will be dead by then. You load up on PUTs for April 16, 2021 and maybe sell some naked CALLs to squeeze money out of "suckers" who buy them from you. You decide to also sprinkle in **January 22, 2021, February 19, 2021, and March 5, 2021** options, but most of your ammo is on **April 16, 2021**. + +&#x200B; + +Time flies by, and by the time **January 22** hits, your PUTs are now deep OTM and your naked CALLs are bleeding money. Boom. Those all expire. Monday rolls around and the timer starts (**T**). Two days pass by (**T+2**) and it is now **Wednesday, January 27th**. Your shares must be located and delivered. Now. Remember what Robinhood did? They shut down buying because **the buy pressure at this time, coupled with option expiration was about to ignite everything**. + +&#x200B; + +Things died down. It was looking more promising, but the price was still way too high for the shorters at >$40. **February 19, 2021 arrives**. Once again, their PUTs expire deep OTM and naked CALLs bled money. Monday rolls around, the timer starts ticking.... T+2 hits on **Wednesday, February 24th** and we see something crazy. In the last hour and a half of trading the stock climbs, and climbs and continued into after hours. What the hell was going on? There was fantastic DD posted about FTD loop and I honestly believed it when I saw this surge, but I think the answer is really simple: + +**These four option dates will all result in a T+2 bomb igniting on the Wednesday following expiration.** + +&#x200B; + +Same story for March 5, 2021. Options expired. Monday arrives, the timer ticks. T+2 of **Wednesday, March 10th** things are going up. This is it!! I was excited as hell that day. Then suddenly a flash crash snapped the price down. I believe that this was coordinated **by the members of the DTCC in order to provide more time to get rules into place. They did not want this to ignite prior to April 21st.** + +&#x200B; + +Now, we're sitting on April 20th, 2021. Remember, the shorters most likely put **the majority of their ammo** into April 16, 2021 options because that was the best possible date to bet on bankruptcy. It was also probably **the last** of their ammo because there was no reason to bet on a date past April 16. + +Monday, April 19th, the clock started once again. Tick.... tick... tick. + +T+1 just passed by. Tomorrow is T+2. **Wednesday, April 21, 2021**. + +&#x200B; + +We saw much activity over the weekend at Citadel and Banks around the world. There is a "guideline" to banks and members of DTCC to have liquidity for their positions that were loaned out by **April 22**. If things ignite at close of market or close to market close, then the April 22 date makes sense. Have liquidity BEFORE market open of the 22nd. + +Supposedly BoA and others have emergency shut down their US branches as of close of business today. **They must be preparing for something tomorrow**. We might see stability throughout the day until around 1 1/2 hours before market close, and then.... rockets. + +&#x200B; + +I am not a financial advisor. This is all theories. But I wanted to share my thoughts. I would also like to point out that tomorrow is National Banana Day in the USA. Cheers. +What mistakes have you made in your REI career? + +How would you have done it differently knowing what you know now and how far did it set you back? + +Edit: Thanks for the award! It’s actually my first ever :) +Now that Russia has been removed from the SWIFT system, has heavy sanctions imposed on its economy from the West, and currently has internal disruptions and protests... how long would your realistically say it would take to see the result of all these economic policies imposed? + +Do you think Russia's decision to invade is a net-negative in the economic sense? +I'd like some varied opinions and information on what some of you would do in this situation. I'd like to spit it up into a few things, but mostly would like a solid passive revenue stream with a tiny section (~5-10%) of the portfolio for growth. + +All suggestions are welcome and I appreciate any help in this regard. Thank you! +I have found myself visiting ethtrader less and less bc of the continuous controversy machine that is donuts. + + +I feel like I am at a never-ending PTA meeting where everyone is getting heated about how much of a budget we should dedicate to the decorations at the bakesale. + + +they seem to be good for nearly nothing, except amplifying drama, which they do quite well. + + +it has been a fun and interesting experiment, but we now have the results. i'm happy we tried it out, and I will be happier when it get back to moderating posts and discussing things like a community. +"Although we have seen some exiting of positions throughout the year, the majority of short-sellers have been happy to sit on significant paper losses in the hope that retail investors will blink first and the losses won't be realized," said Peter Hillerberg, co-founder of financial analytics firm Ortex. + +"This now looks like a flawed strategy." + +[https://www.bloomberg.com/news/articles/2021-06-03/defiant-meme-stock-short-sellers-stare-down-4-5-billion-loss](https://www.bloomberg.com/news/articles/2021-06-03/defiant-meme-stock-short-sellers-stare-down-4-5-billion-loss) + +&#x200B; + +\*Edited to add Bloomberg source after Reuters changed the article. + +Also, thanks for my first awards! Can I buy crayons with these? +&#x200B; + +https://reddit.com/link/sv88c0/video/ctbo2477lii81/player + +Source: [https://twitter.com/mitchkerbel/status/1494517741398593537](https://twitter.com/mitchkerbel/status/1494517741398593537) + +It's just the start Ken, get rekt!Omg if I have my post deleted I'll lose my shit because of 250 characters, I'm trying to type lmao + +Edit: In my opinion this is kinda huge because the DOJ can't do this type of noise without hard evidence... Citron and Melvin was the first ones in the chain! This shit is kinda drug dealing, gotta catch the small fish, make them talk and go up in the chain... And also because the SHF handle money, confidence, investors relations, they can't spreading FUD without hard evidence because in the day after, the funds have the money to fuck with some district attorney for life... + +And it's just the begin, but I think we need to push it further always!! Like, the NSCC, DTCC, FINRA, everyone is in the same bed, **never forget**, it's hand cuff show time, if GME wasn't my play, I would look for the company that make handcuffs because shit is going to blow tits up. + +Edit2, the article itself: [https://www.bloomberg.com/news/articles/2022-02-18/morgan-stanley-relationships-across-wall-street-snared-in-probe?utm\_source=google&utm\_medium=bd&cmpId=google](https://www.bloomberg.com/news/articles/2022-02-18/morgan-stanley-relationships-across-wall-street-snared-in-probe?utm_source=google&utm_medium=bd&cmpId=google) + +edit3: **mf flew the country** [https://globe.adsbexchange.com/?icao=a326ca&lat=41.406&lon=-40.885&zoom=2.2&showTrace=2022-02-18](https://globe.adsbexchange.com/?icao=a326ca&lat=41.406&lon=-40.885&zoom=2.2&showTrace=2022-02-18) + +# Morgan Stanley Relationships Across Wall Street Snared in Probe + +Ever since his arrival after university in 2004, Pawan Passi has worked the phones inside [Morgan Stanley](https://www.bloomberg.com/quote/MS:US), rising to become a chief communicator with investors buying and selling big blocks of stock, a business the bank dominates on Wall Street. + +Then in November, his chair suddenly went empty at Morgan Stanley’s headquarters overlooking Times Square, and the whispers began spreading. The bank had put Passi on leave. The feds were poking around. + +Indeed, Morgan Stanley and Passi are intertwined in a sprawling U.S. probe into whether bankers are improperly tipping off investors to stock sales large enough to send prices swinging, according to people with knowledge of the inquiries. Block trading is one of few Wall Street businesses where relationships still drive the flow of deals -- and now the ties spanning a wide range of firms are getting picked apart by investigators. No one has been accused of wrongdoing.  + +“The equity capital trading universe is one of the last realms of the super-high-end wining and dining worlds in finance,” said James Koutoulas, chief executive officer of Typhon Capital Management, noting he has misgivings about the deals that can result. + +Passi’s frequent phone contacts and some of Morgan Stanley’s key clients are among a roster of more than a dozen executives at other investment firms and banks whose communications are being scooped up by the Justice Department for scrutiny, according to people with knowledge of the matter. In some cases, authorities are seeking access to online chats, mobile phone texts, emails and messages sent by apps, the people said, asking not to be named discussing the confidential demands. + +The list of people whose communications are being sought ranges from executives at prominent Wall Street hedge funds, such as Andrew Liebeskind at Citadel’s Surveyor Capital and Jon Dorfman at Element Capital Management, to money managers at smaller firms focusing on block trades, including executives at CaaS Capital Management and Islet Management, and a former employee at Segantii Capital Management, the people said. + +Bankers include Felipe Portillo, a risk executive within Credit Suisse Group AG’s equity capital markets group, Michael Daum, a partner at Goldman Sachs Group Inc., and Michael Lewis, the head of U.S. equities cash trading at Barclays Plc, the people said. Lewis worked at Morgan Stanley until 2018. + +The list of names doesn’t necessarily indicate their centrality to the probe, but is indicative of the broad net that’s been cast by regulators and prosecutors mapping out block-trading activities on Wall Street. Not every firm or executive named has been contacted directly by investigators. + +Representatives for the firms either declined to comment or didn’t respond to messages seeking comment on behalf of the executives. A spokesperson for the Justice Department also didn’t respond to requests for comment. + +## Company Lifer + +The inquiries from investigators show they’re interested, in part, in whether any money managers placed well-timed bets before block trades that have the power to drive down prices, according to the people. Even then, it’s unclear who, if anyone, might be suspected of leaking any material non-public information or acting on it. + +Inside Morgan Stanley, Passi is described as well liked and usually low key -- not the archetypal Wall Street hothead. The 38-year-old is a lifer at the company, joining in the U.K., transferring to the U.S. in 2008 and even meeting his wife at the bank. During lulls, he’s known to talk soccer as a fan of Liverpool FC. + +Authorities have been going over recordings of his phone calls, Bloomberg reported earlier this week. They’re also scrutinizing communications involving at least three of his colleagues at Morgan Stanley: Evan Damast, its global head of equity and fixed-income syndicate, John Paci, a senior equities trading executive, and Charles Leisure on the syndicate desk. They and Passi haven’t responded to messages seeking comment. + +[Read more: Recordings of Morgan Stanley’s Passi examined in U.S. probe](https://www.bloomberg.com/news/articles/2022-02-16/recordings-of-morgan-stanley-s-passi-examined-in-trading-probe) + +Block trading has grown increasingly competitive, and it’s all the more difficult when markets sell off, as they have in recent months. Price declines make current shareholders disinclined to unload slugs of stocks, leaving fewer opportunities for banks and the enthusiastic buyers who covet the offerings. + +For smaller hedge funds focused on block trades, such as CaaS Capital, good relationships with banks are all the more crucial, providing access to a stream of opportunities. CaaS talks up its efforts to work with partners in its online job postings. + +“CaaS feels strongly in providing liquidity -- Capital as a Service -- to our partners,” the firm writes in its boilerplate for applicants. Employees “pursue this objective with great vigor and energy.” + +Maintaining productive relationships with banks is a balancing act: Bankers need buyers willing to take hard-to-place shares. And those buyers have to decide whether the risk of buying them -- and losing money -- is worth it for staying in the flow and a potentially juicier deal in the future.  + +The Securities and Exchange Commission, which is conducting its own parallel inquiry, has been concerned for years about potential abuses in the highly secretive world of block trading. But executives overseeing block trading privately express doubts that authorities will find anything amiss. Talks with investors about block trades often occur in legal gray areas, with bankers routinely canvasing prospective buyers about their hypothetical interest in specific stocks but taking care not to leak deals that are actually in the works.  + +Among investors, complaints have long festered.  + +Many fund managers grouse that they may be missing out on stock allocations in popular initial public offerings because bankers are more focused on cultivating relationships with longer-term investors or with other clients willing to buy into block trades.  + +“The banks might save the best opportunities for their best revenue-generating clients,” said Typhon’s Koutoulas, who doesn’t participate in block trades and wants banks to find an alternative method for parceling out hot IPOs. “If you’re a hedge fund and you have the right banking relationship, you may get favorable allocation.” + +Sellers offloading blocks have long expressed frustrations about prices that slip just before the trade is executed, which reduces their proceeds. As the biggest block trader, Morgan Stanley is a favorite topic of scorn by envious rivals, where a declining stock price before a deal is sometimes derided as “the Morgan Stanley fade.” + +LFG!!!!!!! **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** + +BUY HOLD & **DRS** +My wife isnt working right now due to medical issues. The bills are paid and theirs food on the table but we dont have much money for anything else outside of monthly expenses. She does what she can around the house and for me and our two girls. What are some cheap ways I can show I appreciate the work she is doing? I need some ideas. Thanks. + +Sorry if this is not the best sub for this. +I understand that free trade is more beneficial to developing countries because it means industry and investment are moved from the developed country to the developing. But if this is the case why do developed countries abandon their own industries? I don’t understand how it it beneficial in the long run. +There is nothing meaningful we can contribute to this question. It's been asked and answered hundreds of times, and I feel like it's not a good question for real estate investors to be asking reddit. + +The only benefit I see to allowing it is it might get more people involved in the sub. + +Perhaps we could crowdsource a good community answer to the question so the thread doesn't just get locked without an answer? + +Something like: + +* If you want to make more money/have not yet retired you shouldn't ever payoff your loan. Using that money to instead buy another property will always return more money over a long period of time. +* Even if you are not ready to buy another property at this moment the stock market consistently returns over 5% even over relatively short periods of time. As a result if your interest rate is under 5% you will make more money on the stock market. Mortgage rates are heavily subsidized by the government which is the only reason they can offer such good loans. +* If you value security over income/have retired you can consider paying off your loan. While the stock market will consistently make more money over a long time period than most mortgage rates, the security offered by paying off your loan may make sense if your goals value security over better returns. +I just recently put all my savings into ETFs (ARKK, QQQM, QQQJ, VGT and VTI). i did this 2-3 days ago and now everything is red!!! i already lost $1000!!! + +im definitely panicking and not sure if i should just leave everything alone or remove it all at once +Source: https://www.businessinsider.com/wall-street-wonders-how-tesla-will-pay-off-over-1b-in-debt-coming-due-2018-10 + +Money is tight and Tesla has some bills coming due: + +> In November the company needs to shell out $230 million for a convertible bond payment. And by the end of the year, it needs to have an additional $920 million in the bank to pay a loan due in March. It also has a small $157 million non-recourse loan due in December. +https://www.reddit.com/r/Ripple/comments/7rgdmz/update_19012018_923_of_xrp_tracked_jed_mccaleb/ + +The rest is owned by known large holders related to Ripple labs and some early japanese investors. + +Of the 10% held by the masses: 7.7% is owned by unknown wallets, and the rest is held by exchanges (so it could be even less assuming Ripple staff also use exchanges to sell). + +https://docs.google.com/spreadsheets/d/17_Wgo4iwGoPB1JenxD5fHtJ0HQYLpb669zaNemPojG4 +Me, my partner and a friend from London booked an Airbnb last September but covid regulations changed and wouldn’t let us go. + +Airbnb wouldn’t refund our money, even when I pointed out the law said they had to. They claimed their terms and conditions were all that mattered and said - in writing - that they don’t follow UK Government rules on refunds. + +So I took them to court. Started a Simple Procedude (Scotland’s version of the small claims court) and they had until next Thursday to respond or I won by default. + +Yesterday their legal department emailed me offering to refund my money and court application fee, plus a little bit on top if I withdraw my claim. + +Putting this up because (a) I’m one awesome badass tenacious bastard you don’t mess with and (b) if anyone’s had similar issues definitely go down the same road. It’s easy, it’s cheap and it lights a rocket under their arses and gets things sorted out. Costs £19 and if you lose you don’t pay anything more. + +If you’ve been the victim of a mild corporate injustice, if no one else can help, and if you can find me (I’m here) drop me a line and we’ll sort the bastards out. + +EDIT. +I copied this post from my Facebook page and really should have deleted the last paragraph. I’m not a lawyer and I’ve never used the small claims court before this so while I’m happy to give my opinion I don’t take responsibility for anything. My inbox is jam packed with people asking me help getting refunds. Right now I’m drinking beer and watching Netflix but I will try to respond to you all tomorrow. + +To those saying they’ve had positive experiences with Airbnb refunds, that’s excellent. I think it largely depends on the host’s attitude. My host decided to keep the money and Airbnb couldn’t or wouldn’t overrule her. I’m a journalist but I also have a small property company as a side business and I wouldn’t dream of taking money from guests being good citizens and cancelling to obey new covid rules. + +A bit more about the build up and settlement. I tried a credit card chargeback but Airbnb defended that by citing their terms and conditions. My opinion is that the law trumps T&Cs so I took them to the small claims court (called a simple procedure in Scotland). It’s not actually a day in court and as far as I’m aware (they settled so I haven’t gone through the experience) you don’t actually speak to a judge or anything. Both sides submit their stories and supporting evidence and the court makes its decision. + +To those asking why I didn’t “take it all the way”. If you’re offered a reasonable settlement you’re supposed to accept that and it can count against you if you didn’t. The small claims court doesn’t give punitive damages so I wouldn’t have ended up with any more money (and in fact slightly less). All I wanted was my money back from Airbnb anyway. + +My main reason for posting is I think most people just accept losses in similar circumstances (I have plenty of times in the past) but it’s actually easy and affordable to fight your corner. +Me, my partner and a friend from London booked an Airbnb last September but covid regulations changed and wouldn’t let us go. + +Airbnb wouldn’t refund our money, even when I pointed out the law said they had to. They claimed their terms and conditions were all that mattered and said - in writing - that they don’t follow UK Government rules on refunds. + +So I took them to court. Started a Simple Procedude (Scotland’s version of the small claims court) and they had until next Thursday to respond or I won by default. + +Yesterday their legal department emailed me offering to refund my money and court application fee, plus a little bit on top if I withdraw my claim. + +Putting this up because (a) I’m one awesome badass tenacious bastard you don’t mess with and (b) if anyone’s had similar issues definitely go down the same road. It’s easy, it’s cheap and it lights a rocket under their arses and gets things sorted out. Costs £19 and if you lose you don’t pay anything more. + +If you’ve been the victim of a mild corporate injustice, if no one else can help, and if you can find me (I’m here) drop me a line and we’ll sort the bastards out. + +EDIT. +I copied this post from my Facebook page and really should have deleted the last paragraph. I’m not a lawyer and I’ve never used the small claims court before this so while I’m happy to give my opinion I don’t take responsibility for anything. My inbox is jam packed with people asking me help getting refunds. Right now I’m drinking beer and watching Netflix but I will try to respond to you all tomorrow. + +To those saying they’ve had positive experiences with Airbnb refunds, that’s excellent. I think it largely depends on the host’s attitude. My host decided to keep the money and Airbnb couldn’t or wouldn’t overrule her. I’m a journalist but I also have a small property company as a side business and I wouldn’t dream of taking money from guests being good citizens and cancelling to obey new covid rules. + +A bit more about the build up and settlement. I tried a credit card chargeback but Airbnb defended that by citing their terms and conditions. My opinion is that the law trumps T&Cs so I took them to the small claims court (called a simple procedure in Scotland). It’s not actually a day in court and as far as I’m aware (they settled so I haven’t gone through the experience) you don’t actually speak to a judge or anything. Both sides submit their stories and supporting evidence and the court makes its decision. + +To those asking why I didn’t “take it all the way”. If you’re offered a reasonable settlement you’re supposed to accept that and it can count against you if you didn’t. The small claims court doesn’t give punitive damages so I wouldn’t have ended up with any more money (and in fact slightly less). All I wanted was my money back from Airbnb anyway. + +My main reason for posting is I think most people just accept losses in similar circumstances (I have plenty of times in the past) but it’s actually easy and affordable to fight your corner. +Now many people in this group and r/personalfinancecanada recommend that you shouldn’t focus on dividend investing and rather total return. Citing Ben Felix’s video on the irrelevance of dividends or Canadian couch potato on the 6 myths of dividend investing. Rather they suggest passive index ETFs such as XEQT or VFV. Now these are great ways of investing, but keep in mind there is no “best” investing strategy out there. The best investing strategy is one that you can stick to over a long period of time and watch your capital gains grow. But the argument that people should not focus on dividend investing or that it is solely for boomers/people close to retirement is dumb. DIVIDEND INVESTING MATTERS! + +There are many benefits to dividend investing such as: building passive income, easier to stay the course in a crash, dividends fight inflation, reduce risk/volatility, tax advantages, etc, etc. Just like there are many benefits to passive investing through ETFs such as: simplicity by not having to track individual holdings, low fees compared to mutual funds, tax efficiency, a wide basket of eggs to invest in, etc, etc. But overall I believe dividend investing has a better psychological effect for investors. Slowly over time you build your passive income, which one day you aim to live off, you welcome a market crashes/corrections because that means you pick up cheaper shares with your dividends and will enjoy the rewards down the line.  + +Many investors argue that dividends hurt your overall growth, as it takes away from the share price on the ex-dividend day by the amount the dividend is paid out. Just buy XEQT and chill, over a long period of time an all-in-one ETF will perform better. I went back and compared three ETFs over a 2.5 year span, although not a long time I wanted to go back further but had to limit myself for comparison as XEQT only began trading on August 16th 2019. I compared VDY, VFV, and XEQT from August 16th 2019 to Feb 7th 2022. [The information was taken from:](https://m.canadastockchannel.com/compound-returns-calculator/) +